The main advantage and disadvantage I can see in a scenario like this are - how savvy and good an investor are you? It's a good way to create below-market average returns if you're not that good at investing and returns way above market average if you are...


"Im not trying to humble brag. I fucking hate it when I see another rich kid acting like they came from slums and worked their way up the ladder or when delusional twats much like yourself believe that you can earn anything with just some ""hard work bruh."" Let me put this in perspective for you... About every successful silicon valley startup such as Microsoft, Facebook, and Snapchat were founded by kids with very prominent parents. Also, at this point, whats the fucking difference between someone who inherits their money and someone who practically has a trust fund? Again he is not self made. He's just an extension of his parents achievements..."


yeah, i get that it's not optional. just sucks that nothing has changed substantially since i closed on the loan 11 months ago (same PMI, same HO, essentially the same property taxes) and now i have to pay more. seems like the closing docs could have taken into account timing of those payments so that i primed the pump with enough from the beginning.


$500k a year might be overkill. But you can certainly find TONS of smart people who simply lack the training for the specific skill set MS is looking for. Colleges in the US generally teach someone how to think and how to program, not how to program in a specific language. Colleges in India generally teach how to program in a specific in demand language. Also there are more people in India so you have a better percent chance of finding that specific taught skill set. Instead of investing in the local person who can do the job but simply needs some additional training, they are constantly looking for the person who can do the job right now, but may lack the general ability to help solve other problems. Its very short sighted.


In older days the merchants and their merchant banks[or service providers] would take funds in their currency. Say in this case USD. When the charge hits the issuer bank, the merchant and merchant bank gets there USD and were happy. The user would get charged in local currency Shekel in this case. The rate applied by his bank [and card provider, Visa/Master also take a cut] is the standard shelf rate to individuals. When business growing and banking becoming more sophisticated, lots of Merchant Banks and Merchants have created a new business, if you offer Shekel to all users then you have lots of Shekel that you can convert into USD. So in this model, the Merchant makes some more profit from Fx spread, the Merchant Bank makes good money in Fx. Your Bank [and card network] loose out. You stand to gain because you potentially get a better rate. All this theory is good. But the rates are moving and its quite difficult to find out if the rates offered directly by EI AI would be better than those offered by your bank. I have no experience in this example, but I have tried this with large shops, buy 2 items one charge in GBP and other in local currency around 2-3 times spread over a year. The difference in rate was close to identical, at times better or worse in range of .02%


> TL;DR - I would have added three or more skilled workers to our economy in high school if I did not have to pay them minimum wage. I personally was priced out of hiring people because of it, so I hate it. Yah, fuck the gubment. I couldn't get a bunch of slave labor on the cheap. I mean fuck if they hann't outlawed slaves I could have a thriving plantation and give all dem fools a place to live.


Its late for summers yeah, but I think SocGen are open now for off-cycle internships - the others will be open soon. I decided late into my masters that I wanted to do banking, so had to cold call botiques until one caved and is taking me for the summer while I do my thesis, so don't be afraid to cold call. WSO is also probably your best bet for help you'd actually recieve alot of feedback.


Public/private keys are a method of having a secret that others can verify without being able to duplicate. They are used all over the internet and work really well. The biggest algorithm is RSA. Google can explain better than I can. The big issue with these methods are key management. Who makes the key, who knows the key, how do you recover a lost key etc.


To me, the lower tax rate for capital gains is largely due to governments encouraging economic activity. Note that investments usually come from your normal income, which is already taxed. Capital gains tax is essentially punishing people who take the extra effort to put their money into work. If the tax rate is high, it would definitely cause people to rethink about investing, thus slowing the general economy down.


In some cases yes. Remember for every sporting event with winners shirts, there is is an equal number of shirts printed for the opposite team winning that normally end up getting sold to 3rd world countries by the ton. There is a whole secondary market of selling misprinted or preemptively printed merchandise back to india and China


do you really want another overblown economic crisis that lets billions starve? Throwing money at the problem to temper it is the only solution. What needs to happen while that is being done is aggressive reform and belt tightening - and that's not happening fast enough which may then lead us into a larger full blown crisis. i.e. you may just get your wish.


Obama was seeing growth after a massive recession while pumping trillions into the market . Trump pushed the market to all time highs . Not saying one is harder than the other , just that the circumstances are vastly different


Bezos describes the Prime business model as a 'flywheel' in which the ecosystem of services sucks in more customers providing economies of scale to suck in more customers still and speed it up. Google it for his more detailed quotes. When the acquisition was announced, I wondered how it would work out for Amazon unless it went all out on integrating Whole Foods into part of the Amazon Prime experience, rather than leaving it alone. Looks like it is. No wonder the other stocks are terrified.


For filling out the W8-BEN form, please refer to the instructions in the document named: Instructions for Form W-8BEN Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting


Yes, but that wasnt the real issue. Lehman brothers didnt bring the recession, they were just a symptom of it. The real issue was the commodization of private loans provided by banks which weren't properly vetted or secured and were sold as AAA investments. So when a run on those investments occured, their value plummeted leaving many investment institutions with a gaping hole in their accounts that quickly grew in scope.


Economics is the study of the distribution of goods and services, it is not theology, the study of devinity and the after life, perfect worlds where evil is punished and good is satiated with boundless plenty. Capitalism is imperfect because humans are imperfect. The best you can do in an imperfect world is reward people for contributing. The worst you can do is hand out free brownie points based on how closely you align with one interest groups arbitrary definition of need. But then again, I can say this to you until I'm blue in the face. You are stubbornly attached to a false moralistic approach to goods distribution.


Depends on how urgent your need for the emergency savings might be. If the money market account allows you to get your money in the same amount of time as the savings account then there is no real downside, but if the account takes a few days for you to access and you need your money sooner then you probably shouldn't. Also money market accounts DO give more interest than most savings accounts, but the interest rates are generally still pretty low, so it might be an improvement, but probably not a huge one


"What if everyone decided to sell all the shares at a given moment, let's say when the stock is trading at $40? I imagine supply would outweigh demand and the stock would fall. Yes this is the case. Every large ""Sell"" order results in price going down and every large ""Buy"" order results in price going up. Hence typically when large orders are being executed, they are first negotiated outside for a price and then sold at the exchange. I am not talking about Ownership change event. If a company wants a change in ownership, the buyer would be ready to pay a premium over the market price to get controlling stake."


Generally speaking, buying a fancy new car out of college is dumb. Buying a 3 year old flashy car with a 60 month loan is going to eat up your income, and when the thing starts breaking down, you'll get sick of buying $900 mufflers and $1,000 taillights pretty quickly. Buy a car that nobody wants for cheap and save up some money. Then buy yourself your dream car. Edit based on question update. You're posting to a Q&A site about money, and you're asking if spending over $30k (don't forget taxes) on a luxury car when you're making $60k is a good idea. You have car fever, and you're trying to sell this transaction as a good deal from a financial POV. At the end of the day, there is no scenario where buying an expensive car is a good financial transaction. For example, since you're planning on driving too many miles for a lease to make sense, the certified pre-owned warranty is a non-factor, because you'll have no warranty when the car breaks down in 4 years. The only reason CPO programs exist is to boost residual values to make leases more attractive -- luxury car makers are in the car leasing (as opposed to selling) business.


I will start with the assumption that you will never have any late payments and will fully pay off the loan. This may be a big assumption, but if you can't assume that, then you wouldn't have asked the question in the first place. The answer depends on your income: You should calculate how much student loan interest you can deduct before and after the switch, and adjust the interest rate accordingly to compensate for any difference.


The most important filings are: Form 10-K, which is the annual report required by the U.S. Securities and Exchange Commission (SEC) and Form 10-Q, for the interim quarters.


"My thought is it is a ""safe bet"" as far as stocks go. Amazon is going to be around for a long time and is very innovative. I am willing to bet most people purchase the stock on that fact alone. Not its P/E and ROE."


401K accounts, both regular and Roth, generally have loans available. There are maximum amounts that are based on federal limits, and your balance in the program. These rules also determine the amount of time you have to repay the loan, and what happens if you quit or are fired while the loan is outstanding. In these loan programs the loan comes from your 401K funds. Regarding matching funds. This plan is not atypical. Some match right away, some make you wait. Some put in X percent regardless of what you contribute. Some make you opt out, others make you opt in. Some will direct their automatic amounts to a specific fund, unless you tell them otherwise. The big plus for the fund you describe is the immediate vesting. Some companies will match your investments but then only partially vest the funds. They don't want to put a bunch of matching funds into your account, and then have you leave. So they say that if you leave before 5 years is up, they will not let you keep all the funds. If you leave after 2 years you keep 25%, if you leave after 3 years you keep 50%... The fact they immediately vest is a very generous plan.


Technically, yes, you can do this. It's a form of arbitrage: you're taking advantage of a small price difference between two markets. But is it worth the hassle of keeping on top of the overdraft and making sure you don't incur any accidental penalties or fees? Interest rates are super low, and floating £1000 or £2000, you're only going to generate £10-20 per year in a basic savings account.


Certified Internetwork Expert (CCIE) SVP training is gaining huge popularity among the young professionals who want to make it big in the internet world. Cisco products are highly sophisticated products that are used in internet related areas such as routers, gateways, switches and so on.


No. There are no short cuts to pretend you know something even though you never used it. It's like saying you are truck driver by reading a book on how to drive trucks. Find an entry level job in accounting/finance, and hopefully it will be using SAP. Even better: take training about how to use SAP for finance, in a school that uses SAP for hands-on training. I doubt it's easy to find such training.


"Budgeting is a tool for planning, not for execution. It sounds like you don't have a problem BUDGETING (planning what to spend on what things) but rather with the execution of your plan. That is - living frugally. This is primarily an issue of self control and personal psychology - not an issue with the mechanics of budgeting and finance, which explains why the most popular personal finance ""gurus"" (Dave Ramsey, Suze Ormond) deal as much with your relationship to money and spending as they do with financial knowledge. There is no easy answer here, but you can learn to spend less. One helpful thought is to realize that whatever your current income is, someone in your community is currently making less than that and surviving. What would you do differently if your real, actual income was $100 or $200 less than it is currently. If your food budget is a concern, learn to cook cheaply. (Often, this is more healthy.) You mentioned schooling, so I assume you are on or near a college campus. Many colleges have all sorts of free-food opportunities. (I used to eat free vegetarian meals weekly at a Hare Krsna temple. Price of admission: listening to the monk read from the Bhagavad Gita.) Fast food is, of course, a complete no-no on low-budget living. It probably goes without saying, but just in case you haven't: cancel cable, get a cheap phone plan (Ting is excellent if available in your area), and otherwise see how you can squeeze a few dollars out of your bills. On the subject of frugality, I have found no book more enlightening than: Money Secrets of the Amish: Finding True Abundance in Simplicity, Sharing, and Saving"


I can't understand online wine sales. The market for wine clubs are so saturated. A lot of liquor stores put on wine tasting since wine has the highest markup next to beer and booze. Taste it, buy it. Not see it online, buy it.


"This may vary some by the state, but the general facts are consistent broadly. The elements of check fraud typically are: This means that not only do you have to have presented a check that is returned for insufficient funds, but you must have known at the time that it wouldn't be honored. It must typically also be given for present consideration, which is why the comments to the other answer correctly note that the post-dated check ""scam"" cooked up by the payday loan folks shouldn't generally be relevant under these laws; on the same site, they note the cases that are clearly not present consideration: So if I give you a check for $50 and it's returned for NSF because I screwed up my bank accounts and had all my money in savings, that's probably not fraud. But if I decide I really want a Tesla X and give Tesla Motors a check for $95,000, knowing I don't have $95,000, that's fraud. How the prosecutor proves knowledge is probably beyond the scope of Personal Finance and Money Stack Exchange, though I imagine it tends to commonly be done so by showing the person doesn't normally have that much money in their account."


Yeah those are similar numbers to the largest cities in the US. You can buy a house in or near a mid-sized US city for 100K but it would be a very basic house in good not great neighborhood. After the downturn, I bought 2 houses as investments. One I bought for 31,000 USD and after renovations I had 85,000 in it. Sold it for 115,000. The other I bought for $91,000. I still have that one. It rents for $1200/mo and is currently worth maybe $140,000 (3 Bedrooms, 1 full bath, 1 half bath, 1400 sq ft). It is a very safe area but Cincinnati city schools. FYI Cincinnati has a STEM academy that is one of the top public schools in the country but you have to test into that specific school. Those prices just blow me away. I make a very good living plus the investment income and I don't think I could even sort of make the payment on 1.4 million for a shack. Everyone can't be a trust fund baby or a Google millionaire. FYI(2) I joined a Bay Area internet startup back in the day and in the end it got bought up by an ERP company. My stock that I hoped to make millions on got me a $45,000 payday (so a lot better than nothing but in no way buying me a house in the Bay Area)


Do you need it? It doesn't sound like it - you seem to be able to manage with just the cards you have. Will it hurt anything? Probably not either, unless it entices you to spend more than you make. Another downside might be that you would spend more than you normally would just to have activity on every card. So all in all, I don't see much upside.


There are a few ways to make money from a market correction:


A majority of people in whichever country they reside, use the internet and make payment online. Using online services is indeed another technological advancement that allows you to complete your payments sitting at home at any time round the clock.


Have you made the effort to even look? Don't take the argument that because the average american spends little of their money on chinese goods its ok. From your already linked and cited article. What is an average american? What about the 50% that are above average? Spending, in fact is not the issue. Jobs are. Off-shoring is talking a toll on american manufacturing. Then there are the white collar IT jobs. Free trade agreements created jobs. Where they equal to the jobs that moved out because of NAFTA? No.


An edge meaning the person would be smarter in the subject they enjoy so they can excel in a specific job for the detail that they excel in. Software Engineers are a good example. Someone with a normal intelligence level would fall on their face in the real world. A normal person can learn how to code, but being able to think outside the box in the right ways is what makes a software engineer special. Only people who are gifted+ can really excel and a high majority love it so much it borders autism. And the thing most people don't understand about autism is for most it is only in children. After a certain age they appear normal. They are not the disabled or have a disability, just that they specialize in something far more than the average person does.


"I'm assuming that when you say ""convert to S-Corp tax treatment"" you're not talking about actually changing your LLC to a Corporation. There are two distinct pieces of the puzzle here. First, there's your organizational form. Your state, which is where the business is legally formed and recognized, creates the LLC or Corporation. ""S-Corp"" doesn't come into play here: your company is either an LLC or a Corporation. (There are a handful of other organizational types your state might have, e.g. PLLC, Limited Partnership, etc.; none of these are immediately relevant to this discussion). Second, there's the tax treatment you receive by the IRS. If your company was created by the state as an LLC, note that the IRS doesn't recognize LLCs as a distinct organizational type: you elect to be taxed as an individual (for single member LLCs), a partnership (for multiple member LLCs), or as a corporation. The former two elections are ""pass through"" -- there's no additional level of taxation on corporate profits, everything just passes through to the owners. The latter election introduces a tax on corporate profits. When you elect pass-through treatment, a single-member LLC files on Schedule C; a multiple-member LLC will prepare a form K-1 which you will include on your 1040. If your company was created by the state as a Corporation (not an LLC), you could still elect pass-through taxation if your company qualifies under the rules in Subchapter S (i.e. ""an S-Corp""). States do not recognize ""S-Corp"" as part of the organizational process -- that's just a tax distinction used by the IRS (and possibly your state's tax authorities). In your case, if you are a single-member LLC (and assuming there are no other reasons to organize as a corporation), talking about ""S-Corp tax treatment"" doesn't make any sense. You'll just file your schedule C; in my experience it's fairly simple. (Note that this is based on my experience of single- and multiple-member LLCs in just two states. Your state may have different rules that affect state-level taxation; and the rules may change from year to year. I've found that hiring a good CPA to prepare the forms saves a good bit of stress and time that can be better applied to the business.)"


A foreign stock mutual fund definitely belongs in stocks. It's composed of stocks. Your self occupied house is definitely real estate. You don have to keep in mind,however that selling it would create costs such as rent. I wouldn't leave it out, if doing that would cause you to buy more real estate. This would cause you to be overweighted in the real estate area. I would tend to think if a CD as cash. While it could be considered a bond, as you said the principal doesn't go down. The REIT is the toughest one. I would really like to see a graph showing how correlated it is to the real estate market. That would determine where I would put it.


I just imagine some MBA with a fancy spreadsheet showing how profitable it would be to put Windows RT on the Surface. The results were Surface tablets that Microsoft had trouble getting rid of even when they were taking a huge loss on each one.


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"This is the best tl;dr I could make, [original](http://en.econreporter.com/en/2017/07/macroeconomic-earthquake-larry-christiano-thinks-post-2008-macroeconomics/) reduced by 97%. (I'm a bot) ***** > We&#039;ve asked Prof Christiano does he agree that modern macroeconomic models are too complicated for the general public, or even policymakers and if he agrees that economic models should be &quot;Simpler&quot;. > Among them, the DSGE would be used for explorations and discussion of the distortions; policy models should be based on another type of structural econometric models; and, for the communications with the public, we should use certain toy models like three-equations models, etc. > How do you avoid this in the future? Keep your eyes open! But it is not the matter of don&#039;t work with DSGE models. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6peumw/a_macroeconomic_earthquake_how_larry_christiano/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~174975 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **model**^#1 **think**^#2 **bank**^#3 **very**^#4 **system**^#5"


Since you are leaving the country, get it sold by a real estate agent. If you choose to lower the price and get it done quickly, or if you choose to wait for a fair value, the key here is to get many independent referrals (like a dozen) so you agent is trustworthy. I don't think you need to sign over power of attorney as fax machines are pretty reliable these days. I won't matter if you live 50 miles or 5000 miles away. Renting it is not a great option because you can't easily follow up from another country. Don't sell it to the rock bottom places. Either you don't need the money and you can afford to you wait, or you need the money and it would be best to wait.


There is no Roth 401(k) match. Or to be clear, when an employee deposits to a Roth 401(k), the company match goes into the traditional, pre-tax 401(k) account. That money is subject to both tax and 10% penalty on early withdrawal.


"This is an unrelated subreddit, so I want to avoid starting unwanted discussion out of common courtesy. I am merely trying to reach out. But a joke among firearms enthusiasts goes thusly: > *Guy: ""Look, not only are you losing the arguments on home defense and hunting, but even if you weren't, the Second Amendment isn't about those things, it's about the ability to rebel against tyranny.""* > *Narrator: ""That's paranoid and insane. A government will never become tyrannical!""* > *Guy: ""What do you think of Donald Trump.""* > *Narrator: ""He's literally Hitler. He wants to put Muslims and Women in FEMA camps.""* Also just a friendly tip, publicly advocating for violent overthrow is a prohibiting offense. You can never purchase a firearm from the closest thing we have to ""militia"" stock. Please consider what you have just posted to social media. *(Also consider these have been continually expanded to include ""feel good"" restrictions. [Such as calling someone the wrong gender pronoun. (1)](http://sacramento.cbslocal.com/2017/06/05/hate-crime-guns-california/) [(2)](http://www.foxnews.com/politics/2017/10/09/new-california-law-allows-jail-time-for-using-wrong-gender-pronoun-sponsor-denies-that-would-happen.html))* > *K. will not be in violation, by reason of my receipt or possession of a rifle, of any state law or published ordinance applicable where I reside;* > *L. have not been convicted of any federal or state felony or violation 18 U.S.C. §922, and am not a member of any organization that advocates the violent overthrow of the United states government.* Sorry for the threadjack. I just wanted to point out certain groups have thrown away the ability to ""#Resist"", in the morbid hypothetical you point out."


Your definition of 'outside your country' might need some redefinition, as there are three different things going on here . . . Your financial adviser appears to be highlighting the currency risk associated with point three. However, consider these risk scenarios . . . A) Your country enters a period of severe financial difficulty, and money markets shut down. Your brokerage becomes insolvent, and your investments are lost. In this scenario the fact of whether your investments were in an overseas index such as the S&P, or were purchased from an account denominated in a different currency, would be irrelevant. The only thing that would have mitigated this scenario is an account with an overseas broker. B) Your country's stock market enters a sustained and deep bear market, decimating the value of shares in its companies. In this scenario the fact of whether your investments were made in from a brokerage overseas, or were purchased from an account denominated in a different currency, would be irrelevant. The only thing that would have mitigate this scenario is investment in shares and indices outside your home country. Your adviser has a good point; as long as you intend to enjoy your retirement in your home country then it might be advisable to remove currency risk by holding an account in Rupees. However, you might like to consider reducing the other forms of risk by holding non-Indian securities to create a globally diversified portfolio, and also placing some of your capital in an account with a broker outside your home country (this may be very difficult to do in practice).


"As you are earning an income by working in India, you are required to pay tax in India. If you contract is of freelance, then the income earned by you has to be self declared and taxes paid accordingly. There are some expenses one can claim, a CA should be able to guide you. Not sure why the Swiss comapny is paying taxes?. Are they depositing this with Income Tax, India, do they have a TAN Number. If yes, then you don't need to pay tax. But you need to get a statement from your company showing the tax paid on behalf of you. You can also verify the tax paid on your behalf via ""http://incometaxindia.gov.in/26ASTaxCreditStatement.asp"" you cna register. Alternatively if you have a Bank Account in India with a PAN card on their records, most Banks provide a link to directly see"


Today typically a Business needs to hold accounts in more than one currency. Banks in certain countries are offering what is called a dual currency account. It is essentially 2 accounts with same account number but different currency. So One can have an account number say 123456 and have it in say AUD and USD. So the balance will always show as X AUD and Y USD. If you deposit funds [electronic, check or cash] in USD; your USD balance goes up. Likewise at the time of withdrawal you have to specify what currency you are withdrawing. Interest rates are calculated at different percentage for different currencies. So in a nutshell it would like operating 2 accounts, with the advantage of remembering only one account number. Designate a particular currency as default currency. So if you don't quote a currency along with the account number, it would be treated as default currency. Otherwise you always quote the account number and currency. Of-course bundled with other services like free Fx Advice etc it makes the entire proposition very attractive. Edit: If you have AUD 100 and USD 100, if you try and withdraw USD 110, it will not be allowed; Unless you also sign up for a auto sweep conversion. If you deposit a GBP check into the account, by default it would get converted into AUD [assuming AUD is the default currency]


That your asking is a good first step towards taking control of your future. But truly, you must seek the advice of a personal consultant that is much more in tune with your finances that anyone out here in the public will be. You can get this type of advice locally, or if you want something online, I suggest oDesk or something similar to find a large pool of people and to efficiently find the right person for suited for your situation.


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Does Coke count as one of his operating businesses though? He's the biggest shareholder but wikipedia says it's around 26%. There are some other huge cash cows in there as well; BNSF Railroad's earnings were like $3.5 billion last year, and Berkshire own 100% of the business.


I had the same experience as Jeremy: made investments in both Prosper and Lending Club and got a much better returns with Lending Club, although in my cases both investments were ok: after 18 months i made 4-5% on prosper and 11-12% on Lending Club. I think they just have better underwriting standards.


"China has undergone an ""economic miracle"" over the past two decades. Brand-spanking new cities have sprung up all over China during that time, and Hong Kong is no longer the shiny pearl it used to be in comparison with the rest of China. It doesn't capture as much mind-share of the Chinese people as it used to now that there are alternatives. Sort of like if the Apple iPhone were ever to fall behind Android phones in fashion and technology."


I think you are answering your own question. :) I merely meant to stress that the original comment had no idea what he/she was talking about. Nobody buys a boat as an investment. The idea is ludicrous. That is what I meant.


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I believe the appropriate recourse in this scenario is to bring a court case for breach of contract. The 1p repricing issue has been admitted as an error out of scope of the purpose of the software.


In my experience, even with such POS machines, there is a display that asks you to confirm your total, as a very last step, even if they ask if you want a receipt as a first step. By this manner, it would be nearly impossible for the teller to change the total without you noticing, so long as you read the total given to you by the device. The scam in question is more likely to happen in a restaurant with the additional tip segment, allowing someone to give themselves more of a tip than you initially wrote onto the receipt. This is the only way I believe you would have a feasible chance of being cheated like this.


"No it does not. Candlesticks really have nothing to do with this, a stock price can open different then the previous day's close. Examining the chart of TSLA provides an example it closed on 1/18 at 238.8 it opened on 1/19 at 243.7 In candlestick parlance is is known as a ""gap up""."


Show me a real case where as soon as the hive is destroyed and the bee dies immediately, or drop this silly example. > Your 95 year old mother will not survive for long regardless. And it is highly doubtful that she really contributes much of anything to society anymore. We all die eventually and your comments about the elderly are alarming. > Oh, they probably could. Yeah, it's common to see a two year old in the wilderness, living off the land.


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You have not lost value. It is just that the shares you owned, are now not tradable on US stock exchanges. You still have the value of your shares protected. In cases like de-listing of a stock, typically a trust (may be managed by a bank) is setup to help customers liquidate their stocks. You should try to search the relevant SEC filings for de-listing of this stock to get more details on whom to contact.


"Make a list of all your expenses. I use an Excel spreadsheet but you can do it on the back of a napkin if you prefer. List fixed expenses, like rent, loan payments, insurance, etc. I include giving to church and charity as fixed expenses, but of course that's up to you. List regular but not fixed expenses, like food, heat and electricity, gas, etc. Come up with reasonable average or typical values for these. Keep records for at least a few months so you're not just guessing. (Though remember that some will vary with the season: presumably you spend a lot more on heat in the winter than in the summer, etc.) You should budget to put something into savings and retirement. If you're young and just starting out, it's easy to decide to postpone retirement savings. But the sooner you start, the more the money will add up. Even if you can't put away a lot, try to put away SOMETHING. And if you budget for it, you should just get used to not having this money to play with. Then total all this up and compare to your income. If the total is more than your income, you have a problem! You need to find a way to cut some expenses. I won't go any further with that thought -- that's another subject. Hopefully you have some money left over after paying all the regular expenses. That's what you have to play with for entertainment and other non-essentials. Make a schedule for paying your bills. I get paid twice a month, and so I pay most of my bills when I get a paycheck. I have some bills that I allocate to the first check of the month and some to the second, for others, whatever bills came in since my last check, I pay with the current check. I have it arranged so each check is big enough to pay all the bills that come from that check. If you can't do that, if you'll have a surplus from one check and a shortage from the next, then be sure to put money aside from the surplus check to cover the bills you'll pay at the next pay period. Always pay your bills before you spend money on entertainment. Always have a plan to pay your bills. Don't say, ""oh, I'll come up with the money somehow"". If you have debt -- student loans, car loans, etc -- have a plan to pay it off. One of the most common traps people fall into is saying, ""I really need to get out of debt. And I'm going to start paying off my debt. Next month, because this month I really want to buy this way cool toy."" They put off getting out of debt until they have frittered away huge amounts of money on interest. Or worse, they keep accumulating new debt until they can't even pay the interest."


As JoeTaxpayer has commented, the markets are littered with the carcasses of those who buy into the idea that markets submit readily to formal analysis. Financial markets are amongst the most complex systems we know of. To borrow a concept from mathematics - that of a chaotic system - one might say that financial markets are a chaotic system comprised of a nested structure of chaotic subsystems. For example, the unpredictable behaviour of a single (big) market participant can have dramatic effects on overall market behaviour. In my experience, becoming a successful investor requires a considerable amount of time and commitment and has a steep learning curve. Your actions in abandoning your graduate studies hint that you are perhaps lacking in commitment. Most people believe that they are special and that investing will be easy money. If you are currently entertaining such thoughts, then you would be well advised to forget them immediately and prepare to show some humility. TL/DR; It is currently considered that behavioural psychology is a valuable tool in understanding investors behaviour as well as overall market trends. Also in the area of psychology, confirmation bias is another aspect of trading that it is important to keep in mind. Quantitative analysis is a mathematical tool that is currently used by hedge funds and the big investment banks, however these methods require considerable resources and given the performance of hedge funds in the last few years, it does not appear to be worth the investment. If you are serious in wanting to make the necessary commitments, then here are a few ideas on where to start : There are certain technical details that you will need to understand in order to quantify the risks you are taking beyond simple buying and holding financial instruments. For example, how option strategies can be used limit your risk; how margin requirements may force your hand in volatile markets; how different markets impact on one another - e.g., the relationship between bond markets and equity markets; and a host of other issues. Also, to repeat, it is important to understand how your own psychology can impact on your investment decisions.


I ate a burger at McDonalds for the first time since I was a kid the other week. They could easily switch out that patty for a meatless product and no one would ever know the difference. It really barely resembles meat right now.


"The address under a bank's name on a check, if there is one, is generally going to be the contact address of the bank. That will be true no matter where on the check the bank's name appears. The address of the person or business the account belongs to, if present, will appear under their name. This information block is typically near the top left corner the check, so it will be visible as the return address if the check is mailed in a ""window envelope"" designed for this purpose. The address the check is being mailed to, if it appears on the check, will generally appear low on the check and to the right, so it will be visible as the destination address when the check is mailed using a ""window envelope"" designed for this purpose. If that isn't the answer you were looking for, please clarify your question."


for buying: High PE, low debt, discount = win. a company with high debt (in relation to revenues and cash on hand) will have to pay interest and pay off the debt, stunting their growth. and just like a normal person, will barely be able to pay their bills and keep borrowing and might go bankrupt determining discount is just looking for a technical retracement to a support level or lower. (but if you dont enter at the support level, you most likely missed the best entry)


That is called “electrical fault” - someone had to go pop a breaker and add that subsystem to the “known bad and disabled” list for the airplane’s checklist. There a few such items on every plane, usually to do with passenger comfort or a plugged sink or something like that.


Holding Companies: Bank of America Corporation Long-term senior unsecured debt to Baa2 from Baa1, outlook negative; Short-term P-2 affirmed Barclays plc Long-term issuer rating to A3 from A1, outlook negative; Short-term to P-2 from P-1 Citigroup Inc. Long-term senior debt to Baa2 from A3, outlook negative; short-term P-2 affirmed Credit Suisse Group AG Provisional senior debt to (P)A2 from (P)Aa2, outlook stable; Provisional Short-term (P)P-1 affirmed The Goldman Sachs Group, Inc. Long-term senior unsecured debt to A3 from A1, outlook negative; Short-term to P-2 from P-1 HSBC Holdings plc Long-term senior debt to Aa3 from Aa2, outlook negative; Provisional Short-term (P)P-1 affirmed JPMorgan Chase & Co. Long-term senior debt to A2 from Aa3, outlook negative; Short-term P-1 affirmed Morgan Stanley Long-term senior unsecured debt to Baa1 from A2; outlook negative; Short-term to P-2 from P-1 Royal Bank of Scotland Group plc Long-term senior debt to Baa1 from A3, outlook negative; Short-term P-2 affirmed ------------- Operating Companies: Bank of America, N.A. Long-term deposit rating to A3 from A2, outlook stable; Short-term to P-2 from P-1 Barclays Bank plc Long-term issuer rating to A2 from Aa3, outlook negative; Short-term P-1 affirmed BNP Paribas Long-term debt and deposit rating to A2 from Aa3; outlook stable; Short-term P-1 affirmed Citibank, N.A. Long-term deposit rating to A3 from A1, outlook stable; Short-term to P-2 from P-1 Credit Agricole S.A. Long-term debt and deposit rating to A2 from Aa3, outlook negative; Short-term P-1 affirmed Credit Suisse AG Long-term deposit and senior debt rating to A1 from Aa1, outlook stable; Short-term P-1 affirmed Deutsche Bank AG Long-term deposit rating to A2 from Aa3, outlook stable; Short-term P-1 affirmed Goldman Sachs Bank USA Long-term deposit rating to A2 from Aa3, outlook stable; Short-term P-1 affirmed HSBC Bank plc Long-term deposit rating to Aa3 from Aa2, outlook negative; Short-term P-1 affirmed JPMorgan Chase Bank, N.A. Long-term deposit rating to Aa3 from Aa1, outlook stable; Short-term P-1 affirmed Morgan Stanley Bank, N.A. Long-term deposit rating to A3 from A1, outlook stable; Short-term to P-2 from P-1 Royal Bank of Canada Long-term deposit rating to Aa3 from Aa1, outlook stable; Short-term P-1 affirmed Royal Bank of Scotland plc Long-term deposit rating to A3 from A2; outlook negative; Short-term to P-2 from P-1 Societe Generale Long-term debt and deposit to A2 from A1; outlook stable; Short-term P-1 affirmed UBS AG Long-term debt and deposit to A2 from Aa3, outlook stable; Short-term P-1 confirmed.


"but the disturbing thing isn't just that the new home sales have dropped to 2000 or 1995 levels... it's that they've dropped to record lows and stayed there. The chart shows ""normal"" as being somewhere around 600,000 and we've been bouncing around below 400,000 for a few years now."


I cannot emphasize enough how important it is, when you buy a house with someone you are not married to, to make a legal agreement on how the money should be divided when you sell. I know it's too late for you, but I write this for anyone else reading this answer. From a legal point of view, if you made no agreement otherwise, you each own 50% of the house. If you want to divide it any other way, you will have to agree what an appropriate division is. Dividing according to the amount each of you paid towards it is a good way. Decide for yourselves if that means just mortgage payments, or also taxes, repairs, utilities etc. You should also be aware that if you have been living together a long time, like more than a year, some jurisdictions will allow one party to sue the other as if they were getting divorced. Then the courts would be involved in the division of property.


I would like to know how they calculated such monthly payment The formula is: Your values would come out to be: r = (1+3.06/(100*365))^31-1=0.002602 (converting your annual percentage to a monthly rate equivalent of daily compounded interest) PV = 12865.57 n = 48 Inserting your values into the formula: P = [r*(PV)]/[1-(1+r)^(-n)] P = [0.002602*(12865.57)]/[1-(1.002602)^(-48)] P = 285.47


"Option 1 is out. There are no ""safe returns"" that make much money. Besides, if a correction does come along how will you know when to invest? There is no signal that says when the bottom is reached, and you emotions could keep you from acting. Option 2 (dollar cost averaging) is prudent and comforting. There are always some bargains about. You could start with an energy ETF or a few ""big oil"" company stocks right now."


It's actually becoming a lot more common these days because the smaller banks and CUs have to compete with the Bank of Americas of the world - they have ATMs everywhere and people really cling to that feeling of convenience. Rebating foreign ATM fees is actually more cost effective than setting up a billion ATMs in a lot of cases too, so it makes sense from a couple of perspectives.


.... Dude. PLEASE turn off Fox News for a few minutes. Your world view is so far from reality that I don't even know where to begin. I have no interest in continuing this discussion. If you'd ever like to have a discussion where you DON'T act like a racist dick head, I'd be glad to have such a discussion. But the false garbage that you're spreading right now, not only is ignorant, but is also irresponsible and dangerous. There are people (much like you) who are not smart enough to realize that that's pure fabricated bologna. It's dangerous to expose them to such false narratives, because some might actually believe it. I beg you to stop spreading bullshit about things you don't understand, even though we both know that people who think like you don't listen to reason and logic.


Institutional investors are not just rich guys they are rich guys managing money wherever it is left. Banks, retirement funds, hedge funds, pension funds, the social security fund (though they only invest in the US government) Edit: the pension fun is idle capital looking to bring in returns.


Here's my answer for what it's worth:


Ok thats a lot better but there is no ridicule in it, there is no binding agent between the dog and PePe The Art of diplomacy requires that a little humor be mixed in, even if you know now that they can't stop your missiles, you still need to be a little gracious Orange Dog Bankrupt dog Retarded Dog Ignorant & shameful dog Please just because the Missile shield does not work is no need to be rude


This is more than likely a thing about your financial institution and the exchanges where they trade shares. Some exchanges cannot/will not handle odd lot transactions. Most established brokerages have software and accounting systems that will deal in round lots with the exchanges, but can track your shares individually. Sometimes specific stocks cannot be purchased in odd lots due to circumstances specific to that stock (trading only on a specific exchange, for example). Most brokerages offer dollar-cost averaging programs, but may limit which stocks are eligible, due to odd lot and partial share purchases. Check with your brokerage to see if they can support odd lot and/or DCA purchases. You may find another similar ETF with similar holdings that has better trading conditions, or might consider an open-end mutual fund with similar objectives. Mutual funds allow partial share purchases (you have $100 to invest today, and they issue you 35.2 shares, for example).


A friend of mine has two credit cards. He has specifically arranged with the card issuers so that the billing cycles are 15 days out of sync. He uses whichever card has more recently ended its billing cycle, which gives him the longest possible time between purchase and the due date to avoid interest.


The answer is simple. You can generally claim a deduction for an expense if that expense was used to derive an income. Of course social policy sometimes gets in the way and allows for deductions where they usually wouldn't be allowed. Your rent is not tax deductible because this expense is not used to derive your income. If however you were working from your home, example - you had a home based business, and you dedicated a part of your home for your work, say an office, then part of your rent may then become tax deductible.


Does allowing family to stay at the rental jeopardize my depreciation? No, accumulated depreciation that hasn't been deducted reduces your basis in the event of sale. That doesn't go anywhere. Accumulating more may not be allowed though. If the property is no longer rental (i.e.: personal use, your family member lives there for free), you cannot claim expenses or depreciation on it. If you still rent it out to your family member, but not at the fair market value, then you can only claim expenses up to the rental income. I.e.: you can only depreciate up to the extent the depreciation (after all the expenses) not being over the income generated. You cannot generate losses in such case, even if disallowed. If you rent to your family member at the market rate (make sure it is properly documented), then the family relationship really doesn't matter. You continue accumulating expenses as usual.


this is not necessarily true. sometimes it makes sense for a public company to go private. usually a private equity firm will buy up the shares. the private equity firm would usually be financed by a bank and the cash flow from the company will help pay off the financing. there are pros and cons to both private and public companies. a pro for a private company is the reduced regulation and there is no need to follow sarbanes-oxley act.


Creating cabinets, shelves as well as other kinds of furniture through wood working skills is called cabinetry.Cabinets can be of face frame construction or as frameless construction (which is popularly called as euro style or European style).Usually, the cabinets have one or more than one compartments.


You are looking for arbitrage, not in real terms, and you may lose heavily. Big banks would suck out all profit before you get a chance to react. There are thousands of algorithmic trading systems in banks, which specifically predict such situations and try to make money from such moves. If you can invest in such a system, probably you can make a killing, else best is to forget about it. Remember that somebody before you has surely thought about it and put a system in place, so that somebody else cannot make money out of it before he/she does.


You might want to [read this one too... that talks about the bonuses paid out to execs while the company was going under](http://www.michigancapitolconfidential.com/17686). This wasn't just a well run company that went under temporarily. They had an awesome product and loads of cash and squandered it at the expense of the taxpayer. ... while the executives got rich. >In sum: The president of the United States, Michigan’s former governor, the state’s two U.S. senators and the U.S. Secretary of Energy promised thousands of jobs from a company that in a mere two years went bankrupt. Despite a bankruptcy or buyout predicted by outside observers, the company continued to reward its top executives while laying off most of its workforce. Defend that if you want.. me, I'll go look at the few A123 cells that I have and be pissed off that the execs got a dime for failing with a great product.


Maybe learn some coding at home. Try and get a desk job somewhere and learn on the side. I'm trying to do that on the side to make my skills better. So applicable in so many settings. I'm starting with basic excel vba since most normal people use excel in some form or fashion. Great videos online.


If you can find a tenant by networking -- co-worker, friend of a friend, etc. -- rather than openly advertising, that often gives you a better pool. Side advice: Check what local housing laws apply to renting a room rather than having a housemate. Once you start advertising this you may be subject to fair housing laws, additional code requirements, and so on.


Renters' Insurance should also have some level of liability coverage. I.e.: if you caused a flooding because you went on and broke the pipe, or a fire because you smoked in the bed - there should be some level of coverage for that. However, most of the damage the tenant can do is probably not accidental. If you broke the pipe - you probably did something wrong. If you caused fire by smoking in bed - you obviously did something wrong. While seemingly accidental, you're deeply at fault. Insurance companies are not in business for rewarding risky behavior. Accidents where the tenant has nothing to do with what happened (earthquakes, fires because of, say, wiring, flooding because it rained too much, or bird flying into a window and shattering it) - are covered by the homeowner's insurance. In any case, talk to your insurance agent about your specific policy and concerns.


"The presenter suggested we keep records of our claims for 10+ years in paper form. This seemed to be overkill. It would be overkill if you're taking distributions regularly and you have enough valid (and otherwise unreimbursed) medical receipts each year to correspond to your distributions. However, if you are pumping money into the HSA without regular distributions, then you may need to keep receipts for a long time, possibly since the beginning of your HSA. For example: If the IRS was to audit my HSA deductions would the Aetna online claims be adequate? It's better than nothing, but it is not ideal. You need to provide proof of what you actually paid, not just what was billed. (How would the IRS know if you actually paid the bill?) So, the bill and receipt together would be preferred. Also, there are many eligible expenses for HSA that would not be covered by your health insurance and would not appear in your Aetna statements (dental work for example). Personally I have an excel spreadsheet with every eligible expense listed, every contribution and distribution I make, and a box of receipts since I opened the HSA account. Should I also archive screenshots of these claims digitally somewhere? If you have the time and diligence to do it, then it wouldn't hurt. I personally am only one house fire away from having to make a lot of phone calls if I wanted to re-build my receipts folder from scratch. I actually have ""scan my HSA receipts"" on my todo list (where's it been for years as a pretty low priority). Lastly it makes sense to spend the money in my HSA on anything eligible because you can never roll it over into a retirement account, its shaky if another person (spouse) could get reimbursed for eligible medical expenses if you die, and if you lose your receipts you may not be able to spend all of the HSA money tax free. Is this an accurate assessment or is there a reason why I should not touch the HSA money at all and wait to reimburse my eligible expenses. First off, if you are married the HSA can be transferred to your spouse. But in general, it really depends on what you would do with the money if you distributed it right away. If you need the money to pay debts, bills, etc, then it might make sense to take it, but if it would be extra money that you would invest somewhere, then you should leave it in the HSA because it grows tax free while it's in there and (probably) wouldn't if you take it out. The caveat though is that you need to find an HSA administrator that offers your preferred investment choices. As for your worry that you might lose your receipts, well, that's a valid point- but I wouldn't drive my decision based on that- I would archive them digitally to remove that concern completely. ...Should I reimburse myself from ... the HSA funds if I am not hitting the 401k limit yet? It depends. If it's a Roth 401k, all other things being equal, (you are able to choose the same investments with your HSA as you can choose in your 401K, and the costs are the same), then you are better off leaving the money in your HSA rather than pulling it out and putting it into the Roth 401k. The reason is that there is no tax difference, and once you put it into the 401K you (probably) can't touch it (for free) until you retire. With the HSA, if you could have taken a distribution but chose not to, then you can take that amount of money out anytime you want to without any consequences, just like your normal checking account. However, if you have a traditional 401k, and if taking HSA distributions would increase your cash flow such that you could afford to contribute more to the 401k, then this would lower your tax burden that year by reducing your taxable income."


No. Unless you are ten Bill Gates rolled into one man, you can not possibly hope to make a dent in the 14 trillion debt. Even if you were and paid off whole debt in one payment, budget deficits would restore it to old glory in a short time. If you have some extra money, I'd advise to either choose a charity and donate to somebody who needs your help directly or if you are so inclined, support a campaign of a financially conservative politician (only if you are sure he is a financial conservative and doesn't just tell this to get elected - I have no idea how you could do it :).


A travel broker can offer solutions to any concerns about records need for honeymoon holiday vacation- An individual's broker knows essential ending schedules and requirements for us passports, etc. They will help direct you through the process. A complete travel brokers can present you with some expert benefits for honeymoon holiday vacation- Since travel providers are familiar with the right things to ask, they may be capable of coming up with offers that the common person would never come across on their own.


I would focus entirely on the emergency fund first and get it built up as fast as you can. Once that is in place, you've got a cushion that will keep you from going into debt in an emergency. Depending on your monthly expenses, $2000 seems low for that. I'd aim for 3-6 months worth of expenses. Note that this is $800 less than your monthly income because of your savings. Once you have your emergency fund in place, then follow a formula like @MrChrister's to invest for retirement and save for future major purchases (car, house, vacation, etc).


It's the same with Pinterest, except I can't decide if it's insidious or useful. I can spam my friends with cool products, but I can also get paid to do it. It is helpful, then again it's like running ads on your twitter feed.


Frisco really hits all the marks except public transport. Compared to the other candidates, much lower cost of living, excellent schools, close to an airport that is a major hub and a 3 hour flight to anywhere in the us, highly educated population, verrrry family friendly, the city is brand new, and on top of incentives, taxes are ridiculously low to begin with. Amazon also has a couple of huge warehouses in the dfw area.


Paying weekly to be able to have maneuver room under your credit limit is a way to handle low credit limits. Doing it to boost your credit score when you have no immediate need for a loan is wasting energy. A few months in advance of buying a car or house, you can start to worry about your utilization rate. When you apply for the loan they will pull your credit file, and that will lock in your utilization rates. Then make sure that you pay the balance quickly, and if you need to make a big purchase pay the bill before the account closes for the month. Keep in mind that if you pay the balance every month the highest utilization rate will occur the day the payment is due. This is because it not only has all the purchases from the previous bill, but all the purchases you have made since that bill closed. For example if you have a credit limit of 10K and you spend 2K a month on the credit card, on the day the payment is due it is not unusual to see the total owed to be above 3K. If they pulled your file on that day, your utilization rate would appear to be above 30%.


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Think about how many bills a person had to pay from a single paycheck back then. Think about it now. You've got ten times as many things to pay for, with half the money. Real incomes have been DECLINING since the 70s. First we worked more hours, then we sent women to work, then we ran up credit card and mortgage debt, then we had no options left and everything's fucked. All because the top 1% have been keeping all productivity gains for 40 years, instead of leaving them with the people who EARNED and CREATED those gains, the employees.


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"As soon as basic income gets anywhere near reality, Republicans will point out that it is pay ""*those*"" lazy people to do absolutely nothing, and it will be defeated. The basic problem is that right wing voters can't accept helping poor people if some are non-white."


Most economies are able to calibrate prices naturally through supply and demand. I'd look at building an efficient market if the economy will be a central feature. Looking at mature game economies like Warcraft to see what drives price changes in both finished and input goods may provide good examples of what yours might look like.


Kraemer & Kraemer firm has since been evolving and expanding alongside the international service center of Panama, delivering services of the highest caliber to both international and domestic customer and enjoying an incomparable reputation. Our team has a full information of Law in Chiriqui. Chiriqui is a province of Panama country. This state amazingly local and foreign visitors on their way to the internationally renowned tourist beaches.


"Sure they work - right until they don't. Explanation: A stock picking strategy based on technical indicators is at worst a mix of random guessing and confirmation bias, which will ""work"" only due to luck. At best, it exploits a systematic inefficiency of the market. And any such inefficiency will automatically disappear when it is exploited by many traders. If it's published in a book, it is pretty much guaranteed not to work anymore. Oh, and you only get to know in hindsight (if at all) which of the two cases above applies to any given strategy."


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"Speculation is when someone else makes an investment you don't like. The above is tongue in cheek, but is a serious answer. There are several attempts at separating the two, but they turn into moral judgements on the value of a pure ""buy and hold"" versus any other investment strategy (which is itself doubtful: is shorting an oil stock more ""speculation"" than buying and holding an alternative energy stock?). Some economists take the other route and just argue that we should remove the moral judgement and celebrate speculation as we celebrate investment."


Your total salary deferral cannot exceed $18K (as of 2016). You can split it between your different jobs as you want, to maximize the matching. You can contribute non-elective contribution on top of that, which means that your self-proprietorship will commit to paying you that portion regardless of your deferral. That would be on top of the $18K. You cannot contribute more than 20% of your earnings, though. So if you earn $2K, you can add $400 on top of the $18K limit (ignoring the SE tax for a second here). Keep in mind that if you ever have employees, the non-elective contribution will apply to them as well. Also, the total contribution limit from all sources (deferral, matching, non-elective) cannot exceed $53K (for 2016).


I'd also like to address you're ridiculous implication that more liberal countries ie Sweden denmark etc etc are more innovative. That's a fallacy and I'll prove it. The United States has more Nobel prize winners than any other country by a long shot. We have arguably (in spite of the fda) the best medical services in the world. Switzerland is also arguably the most innovative country in the world it's not because of basic needs being taken care of its because of surplus capital in the private sector. Look at how space x can launch a shuttle for 300 million less than NASA can. The free market does everything cheaper and more efficiently than the government can.


Annuities, like life insurance, are sold rather than bought. Once upon a time, IRAs inherited from a non-spouse required the beneficiary to (a) take all the money out within 5 years, or (b) choose to receive the value of the IRA at the time of the IRA owner's death in equal installments over the expected lifetime of the beneficiary. If the latter option was chosen, the IRA custodian issued the fixed-term annuity in return for the IRA assets. If the IRA was invested in (say) 15000 shares of IBM stock, that stock would then belong to the IRA custodian who was obligated to pay $x per year to the beneficiary for the next 23 years (say). There was no investment any more that could be transferred to another broker, or be sold and the proceeds invested in Facebook stock (say). Nor was the custodian under any obligation to do anything except pay $x per year to the beneficiary for the 23 years. Financial planners loved to get at this money under the old IRA rules by suggesting that if all the IRA money were taken out and invested in stocks or mutual funds through their company, the company would pay a guaranteed $y per year, would pay more than $y in each year that the investments did well, would continue payment until the beneficiary died (or till the death of the beneficiary or beneficiary's spouse - whoever died later), and would return the entire sum invested (less payouts already made, of course) in case of premature death. $y typically would be a little larger than $x too, because it factored in some earnings of the investment over the years. So what was not to like? Of course, the commissions earned by the planner and the lousy mutual funds and the huge surrender charges were always glossed over.


With only $2000 in the account, I wouldn't worry about investing it. Instead, I would roll this over into a new HSA account with a different provider. Find a provider that doesn't charge ongoing fees, perhaps with a local credit union or bank. Although you won't be able to add money to it, you can withdraw as you have eligible medical expenses, until it is gone.


In my book if it comes in the mail with official looking envelopes, language and seals to try and get you to open it, the company isn't trust worthy enough for my business. I get a pile of these for my VA loan every week, I imagine FHA loans get similar junk mail. Rates are very low at the moment so it is likely that rates from reputable lenders are 1 to 2% lower than say a year or 2 years ago. In general if a lender gives you a GFE the numbers on it are going to be pretty accurate and there isn't a great deal of wiggle room for the lender so the concerns with reputation should focus on is this outfit some type of scam and then reviews on how good or bad their customer service is. Chances of running into a scam seem pretty low but the costs could be really high. As far as checking if an unknown lender is any good it is kind of tough to do. There is a list of Lenders on HUD's site. Checking BBB can't hurt but I wouldn't put a lot of stock into their recommendations. Doing some general Google searches certainly can't hurt but aren't fool proof either. Personally I would start by checking what prevailing rates are for your current situation. You could go to your proffered bank or to any number of online sites to get a couple of quotes.


Historically there weren't really high barriers to get in, but I find nowadays that banks are looking for quant backgrounds (MQF, ME, MFin) even though it isn't really required unless you're working in modeling. Maybe pursuing a master's program would help. Another route considering your BA experience, you could try to get involved in regulatory projects at a bank. It's a bit of a longshot since they tend to use consulting firms. Get involved with that and you'll interact with risk reporting teams and could work from there. Other than that, get a lucky break haha, knowing someone definitely helps.


Hay for cattle? That seems strange - why are you not doing ensilage? It has a lot better nutritionary stats and is easier to make since it doesn't require the raw material to be as dry as hay. Where do you live? Here we have roughly 9 months of not enough grass growth so not collecting feed for the livestock is not an option.


the problem for millenials, is that even if the economy DOES return in a few years, they will largely looked over in favor of the fresher generation Z [or whatever it is called] graduates. Why hire a 30 year old with no professional experience when you can hire a brand new graduate with no professional experience?


a free $50 looks too good to be true. As others already pointed out, these offers are common to many cards that want you to build loyalty towards a particular company (e.g. airlines cards give lots of mileage for a decent initial spend). Should I get this card for the $50? Why and/or why not? How much do you spend on Amazon, or are planning to do so in future? This offer has been around for ages (earlier they used to offer much smaller amounts of $20 for signing up) and you never saw it. So probably, you won't be really using the site frequently. In that case, its just a matter of whether $50 is worth the hassle for you to sign up and then later cancel (if you don't want to manage another new card). The hit to credit score is likely to be minimal unless you do such offers often. As such, for a person who rarely buys on Amazon I wouldn't advise you to sign up for this card, there are better rewards cards that are not as tied to a particular site (such as Chase Freedom, Discover etc.) If however, you are a regular shopper but just never noticed this prompt earlier; then it is worthwhile to get this - or even consider the Prime version, which you will get or be automatically upgraded to if the account has Prime membership. That gives 5% back instead of 3% on Amazon.


Except that a universal basic income is going to be necessary in the coming years, in all western countries. Period. Failing to provide it, will result in the poor pulling the rich from their cars, and beating them to death. But the poor in the USA can get hand guns pretty easily, so there will probably be a lot of shootings, too. Never underestimate the power of a class whose livelihoods have been stolen by corporations. Plus, with 60% unemployment, *who is going to buy all the nice toys the corporations make?*


If it's just you working, I'd use a ballpark figure of 35% owed - it may be a little high or low, but it's a safe margin to keep set aside for paying your liabilities at the end of the year.


This is very similar to what was asked in this question: Scam or real? This is a real winner of a scam, because it always finds someone gullible enough to fall for it. No stranger sends you money just to be a nice guy. This version of the scam is one I've seen on job-hunting sites. They'll promise you a job, and then they say they'll send you a check for equipment and supplies, but you need to send most of the money back to them. As long as they find victims, they'll continue to find more refined techniques to stay ahead of the authorities, and it'll change just enough that people won't recognize it for what it is. AVOID THIS AT ALL COSTS!! I hope this helps. Good luck!


">If there's no demand, as the Keynesians claim While I agree with everything else you said, where does Keynesian economics say that there is no demand? I mean just because economists argue this, doesn't mean their theory argues this. This isn't like saying ""republicans believe"" (which is still technically incorrect since it would be difficult to speak for all republicans) because Keynesian economics is an established theory while ""republican"" is not."


I'll agree with the other commenter. There is a ton more to sales than speaking the language and being a decent public speaker. Unless you know what you're getting into and feel confident you can get it done (or you believe that the company is willing to help you learn and grow as a salesperson and that's interesting to you from a career development perspective), I'd recommend avoiding a sales role and encouraging your boss to hire an actual sales person who meets his or her criteria. EDIT: Source: am startup founder with no sales background who is having to do founder selling right now and learning just how hard it is.


"It will be helpful to establish some definitions: Long ""Long"" is financial slang for ""to have possession of an asset"", legally, and ""to debit an asset"", financially. Short ""Short"" is financial slang for ""to be liable for an asset"", legally, and ""to credit an asset"", financially. Option ""Option"" is financial slang for ""to have the right but not obligation to force the liable to perform action"", legally. Without limits and when taken to absurdity, this can mean slavery. For equities, this means ""to have the right but not the obligation to force the liable to buy/sell a specified asset at a specified price with a specified expiration for that right"" for a call/put, respectively. By the above, a call option is ""the right but not the obligation to force the liable to buy a specified asset at a specified price with a specified expiration for that right"". By the definition of ""long"" above, a call option is actually not long the underlying. By the definitions above and with a narrower scope applied to equities & indexes, to be ""long"" the call means ""to have the right but not the obligation to force the liable to buy a specified asset at a specified price with a specified expiration for that right"" while to be ""short"" the call means ""to have the obligation to be forced to sell a specified asset at a specified price with a specified expiration for that right"". So, to be ""long"" a call means to simply own the call."


"We're in much the same boat as you. We do make use of the transaction download feature of our software, but we don't let it auto-enter the amounts. We use the downloaded transactions to make entering our receipts easier. We each take responsibility for entering our own transactions, and then I go through and download bills, reconcile statements and such. I'm the numbers person in our house, so it's easier for me to take care of this stuff. We have all of our bills on auto-pay so that we don't have to worry about payments not getting made if we don't have time to get to our banking tasks on time. I try to set aside time on Saturday afternoon while my kids have their ""screen time"", or I'll do it in the evening after the kids are in bed. This year, my wife has been much busier and hasn't had as much time to keep up with her data entry, so we've been doing less well at keeping up with things. Something we're considering (and this might work for you as well) is to use the envelope system for the categories where we're most in danger of over-spending. This way. we would have an easy way to see if we'd overspent a category even if we were behind on our data entry. If you're not familiar with the envelope system, respond here and I'll explain it further."


"Are you a commercial pilot? If not, you have no idea how much training they have to go through on an ongoing basis, not to mention a medical every six months, etc. Trust me, if the system ""goes down"", you'll be damn grateful there are highly trained professionals in the cockpit to save your ass. EDIT; Sorry, didn't mean to rant, but I have a close family member who is a commercial captain, and I tend to get riled up when people don't understand what kind of training these guys have to go through."


You can't suggest democrats aren't good on reddit. The circle jerk on here is ridiculous. No one wants to admit faults in their own party and always wind up pointing fingers when people say bad things like the fact the other party does it excuses them. Both parties disgust me.


"I think that there is insufficient infrastructure to support a company the size of GM selling only electric cars. They would be making a huge assumption that people actually want what they're offering, and that the vast majority of the US will have the infrastructure to support it in a meaningful way. Imagine if ~~Pentium~~ Intel said, ""You know what, we're only going to make cell phone processors from now on. Cell phones are the future, and they're more energy efficient, so that's all we'll be making in 5 years."" Do you really think that so many people will stay loyal to the brand, rather than jumping to AMD or some other competitor who actually makes full-size processors, that their business will stay afloat at its current size? I'm also going to guess that the segment of people who 'buy American' and are loyal to General Motors as a company has a pretty small overlap with people who want a glorified golf cart. What about all the people that need big work trucks with hauling power that can run all day? Sounds like they're being left out in the cold, and I'm sure Ford would be thrilled to pick them up with the gas-guzzlingest trucks they can produce. Throwing away an entire segment of your customer base isn't a very strong move when you're trying to keep a business afloat. Hydrogen fuel cells sound nice, but I haven't seen any proof that the technology has been developed enough to actually run a car in normal day-to-day. They're making a promise that nobody has delivered on. Electric cars are a fine offering *in addition to* the internal combustion engines that still run the world. But to replace them completely? They're nowhere close to that, and the expenses to get that sort of project into full swing would bankrupt GM even if poor sales don't. I think the big mistake is that people are looking at Tesla's success and attributing it to a huge consumer thirst for electric cars, rather than to the savvy marketing and hype that formed around Elon Musk. It's a cult of personality. People want a Tesla because it's cool; they don't want a Leaf because it's so darned economical. GM obviously doesn't get that."


Buffalo Wild Wings CEO doesn't sound like she's any use to her company anymore. Why would they keep an unimaginative CEO that can't figure out how to earn the business of a demographic? If all she can do is blame a demographic for having tastes, she needs some time off to realize her shortcomings. Wild Wings should let Marcato take control and let them make appropriate changes if they really want to save the chain. Edit: Forgot how to pronoun


This happens on dark pools quite often. If I am a large institutional investor with tens of millions of shares, I may want to unload slowly and limit the adverse affects on the price of the stock. Dark pools offer anonymity and have buyers / sellers that can handle large volume. In the case of a day trader, they often trade stocks with light volume (since they have large fluctuations that can be quite profitable throughout the session). At the end of the session, many traders are unwilling to hold positions on margin and want to unload fast.


"It's amusing that despite all the evidence that ""you can't time the market"", everyone still wants to try. Of course I understand your fear. If you invest all your money in the stock market today and it suddenly falls tomorrow you will feel very bad. There are a few things you can do to reduce your risk with respect to timing, however: Don't plop all your money down on the same day. Invest in the market over time, perhaps a few hundred dollars per month worth (depending on your appetite). This averages your purchase cost to ensure you aren't buying at the time when prices are highest. The down side is of course that if you leave cash sitting around, you might also not be buying when the prices are lowest either and will probably miss out on some gains. Still, if risk is your concern, this is a sound strategy. Invest in various markets overseas. This will expose you to some currency risk, but lower your timing risk, as even with globalization markets don't rise and fall in tandem. Even with both of the above, you can still be just plain unlucky (or lucky). I would recommend that you invest only money that you don't need to take out in the near future (in order to reduce the chance that the money will have lost value since you put it in!), and that you don't watch the markets since it makes a lot of people nervous and tends to prod them into doing exactly the wrong thing at exactly the wrong time."


Great question! It can be a confusing for sure -- but here's a great example I've adapted to your scenario: As a Day Trader, you buy 100 shares of LMNO at $100, then after a large drop the same day, you sell all 10 shares at $90 for a loss of $1,000. Later in the afternoon, you bought another 100 shares at $92 and resold them an hour later at $97 (a $500 profit), closing out your position for the day. The second trade had a profit of $500, so you had a net loss of $500 (the $1,000 loss plus the $500 profit). Here’s how this works out tax-wise: The IRS first disallows the $1,000 loss and lets you show only a profit of $500 for the first trade (since it was a wash). But it lets you add the $1,000 loss to the basis of your replacement shares. So instead of spending $9,200 (100 shares times $92), for tax purposes, you spent $10,200 ($9,200 plus $1,000), which means that the second trade is what caused you to lose the $500 that you added back (100 x $97 = $9,700 minus the 100 x $102 = $10,200, netting $500 loss). On a net basis, you get to record your loss, it just gets recorded on the second trade. The basis addition lets you work off your wash-sale losses eventually, and in your case, on Day 3 you would recognize a $500 final net loss for tax purposes since you EXITED your position. Caveat: UNLESS you re-enter LMNO within 30 days later (at which point it would be another wash and the basis would shift again). Source: http://www.dummies.com/personal-finance/investing/day-trading/understand-the-irs-wash-sale-rule-when-day-trading/


I know of no way to answer your question without 'spamming' a particular investment. First off, if you are a USA citizen, max out your 401-K. Whatever your employer matches will be an immediate boost to your investment. Secondly, you want your our gains to be tax deferred. A 401-K is tax deferred as well as a traditional IRA. Thirdly, you probably want the safety of diversification. You achieve this by buying an ETF (or mutual fund) that then buys individual stocks. Now for the recommendation that may be called spamming by others : As REITs pass the tax liability on to you, and as an IRA is tax deferred, you can get stellar returns by buying a mREIT ETF. To get you started here are five: mREITs Lastly, avoid commissions by having your dividends automatically reinvested by using that feature at Scottrade. You will have to pay commissions on new purchases but your purchases from your dividend Reinvestment will be commission free. Edit: Taking my own advice I just entered orders to liquidate some positions so I would have the $ on hand to buy into MORL and get some of that sweet 29% dividend return.


"What will happen if the stock price just continues to decline? Nothing. What would happen if folks just stop trading it? Nothing. What if the company goes private? Then they will have to buy you out based on some agreed upon price, as voted by the board and (potentially) approved by the shareholders. Depending on the corporation charter, the board may not be required to seek the shareholders' approval, but if the price the board agreed upon is unreasonable you can sue and prevent the transaction. How do they decide the fair value of the outstanding stocks? Through a process called ""valuation"", there are accounting firms which specialize in this area of public accounting."


"Because I feel the answers given do not wholely represent the answer you are expecting, I'd like to re-iterate but include more information. When you own stock in a company, you OWN some of that company. When that company makes profit, you usually receive a dividend of those profits. If you owned 1% of the company stock, you (should) recieve 1% of the profits. If your company is doing well, someone might ask to buy your stock. The price of that stock is (supposed) to be worth a value representative of the expected yield or how much of a dividend you'd be getting. The ""worth"" of that, is what you're betting on when you buy the stock, if you buy $100 worth of coca cola stock and they paid $10 as dividend, you'd be pretty happy with a 10% growth in your wealth. Especially if the banks are only playing 3%. So maybe some other guy sees your 10% increase and thinks, heck.. 10% is better than 3%, if I buy your stocks, even as much as 6% more than they are worth ($106) I'm still going to be better off by that extra 1% than I would be if I left it in the bank.. so he offers you $106.. and you think.. awesome.. I can sell my $100 of cola shares now, make a $6 profit and buy $100 worth of some other share I think will pay a good dividend. Then cola publicises their profits, and they only made 2% profit, that guy that bought your shares for $106, only got a dividend of $2 (since their 'worth' is still $100, and effectively he lost $4 as a result. He bet on a better than 10% profit, and lost out when it didn't hit that. Now, (IMHO) while the stock market was supposed to be about buying shares, and getting dividends, people (brokers) discovered that you could make far more money buying and selling shares for 'perceived value' rather than waiting for dividends to show actual value, especially if you were not the one doing the buying and selling (and risk), but instead making a 0.4% cut off the difference between each purchase (broker fees). So, TL;DR, Many people have lost money in the market to those who made money from them. But only the traders and gamblers."


As much as I'd like to tell you to save some for an emergency fund or use it to pay off some debt, if you really need a new roof you should get that taken care of first.


Well, it helps the regular Joes justify piracy. And I mean that non-sarcastically. The author of Forest Gump got contracted for a 3% share of the film's net profits. Hollywood claimed the best seller film was a loss, and so paid him nothing. Makes it hard to morally criticize pirates.


I would definitely pay down the debt first. If it is going to take 15 years to do so, you probably need to allocate more money to paying down debt. Cut expenses by going out to eat less, and keeping spending to the bare necessities. You might even consider getting a second job, just for paying down the debt. If that isn't enough, consider selling off some assets. You should be able to come up with a plan to be debt free (excluding maybe a regular mortgage) within 3-5 years. Once the only debt you have is a home mortgage, then its time to look at putting money towards retirement again. Note, you should not take money out of a 401k or IRA to pay off debt. The costs for doing so are nearly always too great.


First: it sounds like you are already making wise choices with your cash surplus. You've looked for ways to keep that growing ahead of inflation and you have made use of tax shelters. So for the rest of this answer I am going to assume you have between 3-6 months expenses already saved up as a “rainy day fund” and you're ready for more sophisticated approaches to growing your funds. To answer this part: Are there any other ways that I can save/ invest that I am not currently doing? Yes, you could look at, for example: 1. Peer to peer These services let you lend to a 'basket' of borrowers and receive a return on your money that is typically higher than what's offered in cash savings accounts. Examples of peer to peer networks are Zopa, Ratesetter and FundingCircle. This involves taking some risks with your money – Zopa's lending section explains the risks. 2. Structured deposits These are a type of cash deposit product where, in return for locking your money away for a time (typically 5 years), you get the opportunity for higher returns e.g. 5% + / year. Your deposit is usually guaranteed under the FSCS (Financial services compensation scheme), however, the returns are dependent on the performance of a stock market index such as the FTSE 100 being higher in x years from now. Also, structured deposits usually require a minimum £3,000 investment. 3. Index funds You mention watching the stock prices of a few companies. I agree with your conclusion – I wouldn't suggest trying to choose individual stocks at this stage. Price history is a poor predictor of future performance, and markets can be volatile. To decide if a stock is worth buying you need to understand the fundamentals, be able to assess the current stock price and future outlook, and be comfortable accepting a range of different risks (including currency and geographic risk). If you buy shares in a small number of companies, you are concentrating your risk (especially if they have things in common with each other). Index funds, while they do carry risks, let you pool your money with other investors to buy shares in a 'basket' of stocks to replicate the movement of an index such as the FTSE All Share. The basket-of-stocks approach at least gives you some built-in diversification against the risks of individual stocks. I suggest index funds (as opposed to actively managed funds, where you pay a management fee to have your investments chosen by a professional who tries to beat the market) because they are low cost and easier to understand. An example of a very low cost index fund is this FTSE All Share tracker from Aberdeen, on the Hargreaves Lansdown platform: http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/a/aberdeen-foundation-growth-accumulation General principle on investing in stock market based index funds: You should always invest with a 5+ year time horizon. This is because prices can move up and down for reasons beyond your anticipation or control (volatility). Time can smooth out volatility; generally, the longer the time period, the greater your likelihood of achieving a positive return. I hope this answer so far helps takes into account the excess funds. So… to answer the second part of your question: Or would it be best to start using any excess funds […] to pay off my student loan quicker? Your student loan is currently costing you 0.9% interest per annum. At this rate it's lower than the last 10 years average inflation. One argument: if you repay your student loan this is effectively a 0.9% guaranteed return on every pound repaid – This is the equivalent of 1.125% on a cash savings account if you're paying basic rate tax on the interest. An opposing argument: 0.9% is lower than the last 10 years' average inflation in the UK. There are so many advantages to making a start with growing your money for the long term, due to the effects of compound returns, that you might choose to defer your loan repayments for a while and focus on building up some investments that stand a chance to beat inflation in the long term.


"There is an economic, a social and a psychological side to the decision whether to buy insurance or not, and if yes, which one. Economically, as you say already in your question, an insurance is on average a net loss for the insured. The key word here is ""average"". If you know that there are many cancer cases in your family buy health insurance by all means; it's a sound investment. If you are a reckless driver make sure you have extensive coverage on your liability insurance. But absent such extra risks: Independently of somebody's wealth insurance should be limited to covering catastrophic events. What is often overlooked is that the insurance by all means should really cover those catastrophic events. For example the car liability minimums in many states are not sufficient. The typical upper middle class person could probably pay the 15k/30k/10k required in Arizona with a loan on their house; but a really catastrophic accident is simply not covered and would totally ruin that person and their family. Insuring petty damage is a common mistake: economically speaking, all insurances should have deductibles which are as high as one could afford to pay without feeling too much pain. That ""pain"" qualification has an economical and a social aspect. Of course any risk which materialized is an economical damage of some kind; perhaps now I can't buy the PS4, or the diamond ring, or the car, or the house, or the island which had caught my eye. I could probably do all these things, just perhaps without some extras, even if I had paid for insurance; so if I don't want to live with the risk to lose that possibility I better buy insurance. Another economical aspect is that the money may not be available without selling assets, possibly on short notice and hence not for the best price. Then an insurance fee takes the role of paying for a permanent backup credit line (and should not be more expensive than that). The social aspect is that even events which wouldn't strictly ruin a person might still force them to, say, sell their Manhattan penthouse (no more parties!) or cancel their country club membership. That is a social pain which is probably to be avoided. Another socioeconomic aspect is that you may have a relationship to the person selling you the insurance. Perhaps he buys his car at your dealership? Perhaps he is your golf buddy? Then the insurance may be a good investment. It is only borderline bad to begin with; any benefits move the line into the profit zone. The psychological aspect is that an insurance buys peace of mind, and that often seems to be the most important benefit. A dart hits the flat screen? Hey, it was insured. Junior totals the Ferrari? Hey, it was insured. Even if the house burns down having fire insurance will be a consolation."


"This is the best tl;dr I could make, [original](https://www.bloomberg.com/news/articles/2017-08-29/is-the-midlife-crisis-real-economists-and-psychologists-can-t-agree) reduced by 90%. (I'm a bot) ***** > &quot;I&#039;ve been doing research for pretty much my whole career on adult development, and I&#039;ve never found age linked definitively to anything psychological about a person. You can call it a midlife crisis. A quarter-life crisis. But whatever&#039;s going on with you personally, you can&#039;t blame it on age."" > The National Institute of Aging finds that only a third of Americans over age 50 claim to have experienced a mid-life crisis. > &quot;People do go through periods of self-evaluation, but it&#039;s not tied to age. If someone close to you dies and you start to think about how life is limited, is that a mid-life crisis? Or is it just a healthy reevaluation of your priorities?&quot;. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6xqxt7/is_the_midlife_crisis_real_economists_and/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~203281 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **age**^#1 **people**^#2 **Oswald**^#3 **crisis**^#4 **Blanchflower**^#5"