"The value of a stock ultimately is related to the valuation of a corporation. As part of the valuation, you can estimate the cash flows (discounted to present time) of the expected cash flows from owning a share. This stock value is the so-called ""fundamental"" value of a stock. What you are really asking is, how is the stock's market price and the fundamental value related? And by asking this, you have implicitly assumed they are not the same. The reason that the fundamental value and market price can diverge is that simply, most shareholders will not continue holding the stock for the lifespan of a company (indeed some companies have been around for centuries). This means that without dividends or buybacks or liquidations or mergers/acquisitions, a typical shareholder cannot reasonably expect to recoup their share of the company's equity. In this case, the chief price driver is the aggregate expectation of buyers and sellers in the marketplace, not fundamental evaluation of the company's balance sheet. Now obviously some expectations are based on fundamentals and expert opinions can differ, but even when all the experts agree roughly on the numbers, it may be that the market price is quite a ways away from their estimates. An interesting example is given in this survey of behavioral finance. It concerns Palm, a wholly-owned subsidiary of 3Com. When Palm went public, its shares went for such a high price, they were significantly higher than 3Com's shares. This mispricing persisted for several weeks. Note that this facet of pricing is often given short shrift in standard explanations of the stock market. It seems despite decades of academic research (and Nobel prizes being handed out to behavioral economists), the knowledge has been slow to trickle down to laymen, although any observant person will realize something is amiss with the standard explanations. For example, before 2012, the last time Apple paid out dividends was 1995. Are we really to believe that people were pumping up Apple's stock price from 1995 to 2012 because they were waiting for dividends, or hoping for a merger or liquidation? It doesn't seem plausible to me, especially since after Apple announced dividends that year, Apple stock ended up taking a deep dive, despite Wall Street analysts stating the company was doing better than ever. That the stock price reflects expectations of the future cash flows from the stock is a thinly-disguised form of the Efficient Market Hypothesis (EMH), and there's a lot of evidence contrary to the EMH (see references in the previously-linked survey). If you believe what happened in Apple's case was just a rational re-evaluation of Apple stock, then I think you must be a hard-core EMH advocate. Basically (and this is elaborated at length in the survey above), fundamentals and market pricing can become decoupled. This is because there are frictions in the marketplace making it difficult for people to take advantage of the mispricing. In some cases, this can go on for extended periods of time, possibly even years. Part of the friction is caused by strong beliefs by market participants which can often shift pressure to supply or demand. Two popular sayings on Wall Street are, ""It doesn't matter if you're right. You have to be right at the right time."" and ""It doesn't matter if you're right, if the market disagrees with you."" They suggest that you can make the right decision with where to put your money, but being ""right"" isn't what drives prices. The market does what it does, and it's subject to the whims of its participants."


The thing is, this is not the same electrical system that Saab would be employing. I see you guys are saying but it's just not the same. Electric cars require a whole new level of engineering, not just the wiring looms and such. Since it'll be a main focus of the car, they'll be doing things differently than they used to. And yeah, reliability is going to be questionable up until the cars are released. Tesla motors is a good example of lofty electrical engine goals and unreliability. So I'm not saying it'll be a perfect car, I'm just saying it will most likely be handled in a different way.


Reading about the [Bring Jobs Home Act](http://thehill.com/blogs/floor-action/senate/239029-republicans-blocked-the-democrats-insourcing-bill) it talks about how the (filibustered in July) bill would end the ability of companies to take a tax deduction for the costs of off-shoring labor(moving people and equipment overseas). The blog/newspaper articles don't really say much more than that.


> they're so inexpensive to make. Oh, no argument here: they're a stop-gap measure to prevent (from the network POV) hemorrhaging cash. I just think the networks are being short sighted, and responding far, far too early in a show's life. It's not unlike stock investing, trying to respond to every epileptic twitch of the viewing polls. The most watched episode in TV history (ender of MASH) was of a show that wasn't very popular to begin with, in fact it went 2 or 3 years before it started clearly leading the shows in it's time slots. (Coincidentally, that's about the time they gave up the pure hyuk-hyuk, pink submarine style and went for the moral high ground.)


"Mervis Diamonds is a family business specializing in diamond engagement rings and other fine diamond jewelry with a goal to augment life's special moments with high quality pieces that last a lifetime. With their origins at the diamond mines in South Africa, they maintain strong relationships and import all their own diamonds. Every stone they have has been hand-selected by Zed Mervis for superior ""Cut"" and brilliance. They help you choosing the most incredible pieces that help you standout from the crowd."


Many brokers allow you to transfer shares to another broker without selling them. It depends on what kind of account and who the broker is for what forms you might have to fill out and what other hoops you might have to jump through.


This was answered wonderfully in a recent Planet Money podcast: Why Gold?. Here are some higlights of gold: If listening to podcasts isn't your thing, read this summary.


buying real estate is for people with sufficient financial resources to cover market downturns. Please read about the 2008 real estate market. Investing in real estate when you are a poor college student is a sure way to become a bankrupt college student. A single word answer to your question: No. Not reasonable. Your best investment is completing college with as little debt as possible and the most practical experience in the market area you are interested in entering.


The short answer is that you would want to use the net inflow or net outflow, aka profit or loss. In my experience, you've got a couple different uses for IRR and that may be driving the confusion. Pretty much the same formula, but just coming at it from different angles. Thinking about a stock or mutual fund investment, you could project a scenario with an up-front investment (net outflow) in the first period and then positive returns (dividends, then final sale proceeds, each a net inflow) in subsequent periods. This is a model that more closely follows some of the logic you laid out. Thinking about a business project or investment, you tend to see more complicated and less smooth cashflows. For example, you may have a large up-front capital expenditure in the first period, then have net profit (revenue less ongoing maintenance expense), then another large capital outlay, and so on. In both cases you would want to base your analysis on the net inflow or net outflow in each period. It just depends on the complexity of the cashflows trend as to whether you see a straightforward example (initial payment, then ongoing net inflows), or a less straightforward example with both inflows and outflows. One other thing to note - you would only want to include those costs that are applicable to the project. So you would not want to include the cost of overhead that would exist even if you did not undertake the project.


"I tell you how I started as an investor: read the writings of probably the best investor of the history and become familiarized with it: Warren Buffett. I highly recommend ""The Essays of Warren Buffett"", where he provides a wise insight on how a company generates value, and his investment philosophy. You won't regret it! And also, specially in finance, don't follow the advice from people that you don't know, like me."


To the best of my knowledge, Los Angeles County does not require a lawyer to be involved in a real-estate transaction. I looked through the County Recorder site and found no evidence that a lawyer is required. I live in a different county in California where a lawyer is also not required for real-estate transactions. Some counties do require a lawyer to be involved. That said, a purchase contract - is a contract. A legal document which you sign. A realtor may be able to help you understand the housing market pricing trends, but cannot (not allowed by law) draft the contract for you or advise to you on the clauses of the contract you're signing. Only a lawyer licensed in your State (California) is allowed to do that. So if you want a legal advice about the contract you're going to sign - you need to talk to a lawyer. Especially if you want a contract drafted for your own special needs, or have some specific titling requirements (for a company, or a trust - for example). Same goes for the mortgage contract and any other piece of paper you'll be signing during the closing meeting (and there will be plenty of such signatures). So it is not a question of need, it's a question of should.


Consolidation makes sense, if your friend has his act together and isn't going to run up more debt. Finding a lender will be tough. I'd suggest trying local credit unions, making sure first that there has been NO late or missed payments for 6-9 months. You need to talk to a human at a local lender who will give you informal guidance about what you need to approve, so you don't end up getting lots of declinations. If its more than $10k, it will be hard to get a loan like this from anyone. In that case, you need to focus on the smallest debts first, because your friend's cash flow is going to be pinched by making payments to multiple creditors. It's critical to pay all creditors on time for at least the minimum amount due. The problem is, once you start paying things down, the creditors will start ratcheting down credit limits. When that happens, you're at greater risk for getting nabbed with fees and higher minimum payments, which may be considered a universal default by other lenders. There isn't alot of detail here, but depending on income and the amount of debt, your friend should be prepared to file for Chapter 13 bankruptcy.


"If you find a credit card with 0% interest, let us know! I guess I'll just be the one to tell you that this belongs in /r/personalfinance No, a new credit card balance won't affect your existing mortgage. However opening that mortgage so recently definitely dinged your credit substantially and it almost definitely hasn't recovered yet so your credit score isn't as good as you think it is from the home purchase. If you can magically finance $4k for 0% APR then obviously you should do that since you're house poor but be absolutely sure you're right about the terms of financing. I normally make purchases like that on a rewards credit card (airline miles) then pay it off immediately but that's just me. Using the word ""adulting"" answers that question immediately."


"IPO's are priced so that there's a pop"" on the opening day."" If I were IPOing my company and the price ""popped"" on the open, I would think the underwriter priced it too low. In fact if I were to IPO, I'd seek an underwriter whose offerings consistently traded on the first day pretty unchanged. That means they priced it correctly. In the 90's IPO boom, there were stocks that opened up 3X and more. The original owners must have been pretty upset as the poor pricing guidance the underwriter offered."


Are things getting better yet or are things still a mess? I have heard people say that right now is a 'good' time to take out a loan, and that it is a buyer's market in real estate. Something to consider here is what intentions do you have for the real estate you'd buy. If you intend to sell quickly, then selling into a buyer's market doesn't sound like a great idea. While real estate may be cheap, there can be the question of how long do you think this will last? How much of a burden on time and energy are you expecting to take if you do switch residences or buy an investment property? But more specifically, are there any hidden details that come with taking a loan out when interest rates are low that I should be aware of? I'd be careful to note if the rate is fixed for the entire length of the loan or does it adjust over time. If it can adjust then there is the possibility of those adjustments going up.


At the end of the year, the mutual fund company sends you a statement like any other investment and it has a bunch of boxes that you copy into your tax return software. Then you just check the box that says 'tax-exempt' and you're done.


That line of thinking worked so well for the tobacco industry. And for the plastics industry. And for the GM food industry. And for the climate change deniers. Since you obviously didn't really read all the embedded links there is no point to continue. I really don't care. We can talk in a few more years.


Upvote for the lengthy and clear explanation. I was economics major and I still like to follow economics 15 years later and i agree with your points. But I wonder if your username doesn't detract from your comment visibility by egging on down voters.


Isn't most of today's shopping all about convenience? Isn't the Amazon go concept much more convenient for a shopper than the current situation? Do you not think they will implement that into all Whole Foods stores? People change where they buy their products based on price changes and convenience all the time.


The short answer is to invest it since the rate of return is higher than your mortgage. (Assuming that you can withstand interest rate hikes, meet short term liquidity needs and don't need your $10K in the short or near term). The long answer is if you're comfortable leveraging your house and can put that $10K away for the long term you can reduce your taxes via the Smith Manoeuvre: Alternatively, if you have kids or grandkids and will help them through school, take the government's money by putting it away in an RESP.


"* Claiming something is a simple solution does not make it a simple solution * Taxation is not a simple solution * Taxing HFT is just going to cause the HFT traders to squish around and find loopholes and ways to avoid the letter of the law, making the situation *more complicated* * This will engender *more* legislation, further obfuscating the market, making it even harder to understand exactly what's happening * And on and on the cycle goes, the government with ""simple"" solutions that don't work, and the market responding by squeezing around them somehow Here's a better way to solve this: ***STOP TRADING ON A MARKET YOU DO NOT TRUST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!*** Don't ask the government to step in and clean it up. JUST FUCKING STOP USING IT! Make a new exchange, an exchange that *chooses* to not allow HFT, and let the HFT-inclusive markets collapse into a shitpool of cancelled block orders that nobody can use. *THAT* is the simple solution - let it fall apart on its own. *Let it die a death of natural causes!* But that solution does not empower the government or accord it a ""right"" to tax something, so *that* solution will *never* be discussed, nor implemented."


I'm a democrat so get off your midget-horse. If there are no jobs in your city, yes you should move. I did and as did all 3 of my siblings. Pretty much every single person I went to college with moved from their hometown as well to pursue a better paycheck. Moving for work has always been an integral part of the American psyche, it's literally how your state was founded and what separated us from Europeans in the 19th and early 20th centuries. What do you want to have happen? You want the federal government to force companies to move to your home state? You want to pay a bunch of corporate welfare to entice a company to move for you? If anything you should be pissed that your state government has created such a toxic environment that no one wants to open a business there besides those looking to exploit your natural resources. Your economy sucks because of your local politics - almost everywhere else is doing well as far as employment goes. There should be wage increases happening right now that aren't but if we don't go into recession they will go up soon. They are going to have to. But only in those places with diverse economies built on future tech energy models. Don't get mad at me, get mad at yourself and those around you. You all have voted for republicans who have dicked you over for decades yet it's always someone else's fault. I understand you're a democrat personally so you of all people should understand this.


They believe that it reduces the risk that Revenue Canada will deem you to be an employee and make them pay a whole pile of tax, EI, CPP and so on that should have been paid if you had been hired as an employee. It's my recollection that the employer gets dinged for both the employee and employer share of those withholdings (and generally the employer's share is larger than yours) so they really want to prevent it. There's a Revenue Canada publication about whether you're an employee or not. There's nothing on it about being incorporated, but still employers feel more protected when their contracts are incorporated. We did work as a sole proprietorship at the very beginning, so that we could deduct our losses against employment income earned earlier in the year, before we started the business. You can find clients who will take you on. We incorporated once the losses were over with (basically we had bought the equipment and office supplies we needed to get started.) It's a simple and relatively inexpensive thing to do, and gives clients a sense of protection. It won't protect you from your own poor decisions since you'll be a director of the firm.


"Nobody knows for sure what ""substantially identical"" means because the IRS hasn't officially defined it. Until they do so, it would come down to the decision of an auditor or a tax court. The rule of thumb that I have always heard is if the funds track the same index, they are probably substantially identical. I think most people wouldn't consider any pair of AGG, CMF, and NYF to be substantially identical, so you should be safe with your tax-loss harvesting strategy."


For the purpose of personal finance, treating $500 as Interest Expense is sufficient. For business accounting, it involves making the $500 a contra-liability and amortizing it as interest expense over the course of life of the loan.


"**Poverty in the United States** Poverty is a state of deprivation, lacking the usual or socially acceptable amount of money or material possessions. The most common measure of poverty in the U.S. is the ""poverty threshold"" set by the U.S. government. This measure recognizes poverty as a lack of those goods and services commonly taken for granted by members of mainstream society. The official threshold is adjusted for inflation using the consumer price index. *** ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/economy/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot) ^] ^Downvote ^to ^remove ^| ^v0.27"


"His push to have ""lean"" QC have really bit them in the ass though. Also, for a company that is now pushing to be primarily Office and Cloud driven, the Outlook client and website is a piece of shit. The only reason why the mobile one is so good is because Microsoft bought Accompli."


It's a good point to make with bot presence. For the most part Twitter is made of people, even if there are a lot of false or bot accounts. That being said I don't find it as strong a marketing channel because of the nature of Twitter at its core. If you follow 1000 people you're likely to have nearly 10,000 tweets going through your feed. It's hard to really fight for attention but you can still get decent response and views when done right. As for Instagram... I think in the long term, just as any other social network, the lifespan of it depends on the content. As long as people are having new experiences and taking photos of them there will always be more content. That being said there are tons of accounts that pretty much post the same content. It saturates things like the explore feature because they're using less than kosher tactics to get likes. Ultimately I think policing of Instagram as they have been is the best strategy for keeping it going. Even though I'm a marketer, I'm also a Millennial with pretty typical values. Blatant advertising is annoying and intrusive when it comes to user experience and many young people today feel that way. By policing things like auto-engaging, false locations (you used to be able to just type locations like 'Follow Me') and being very keen on following through with reports of spam accounts is a good way to keep younger people on it. Unless you're paying for ads marketing on Instagram typically consists of native content that looks good on feeds and needs engagement to rise up. This is a good way to curb marketing while still maintaining a good user experience. As a side note, part of why I use Snapchat less is how they shove ads down your throat, which gets old pretty fast. Ads on snapchat pretty much ruined the platform for me personally aside from using it for communication. As long as Instagram maintains this balance based around the user and not the advertisers I think it will be going for quite some time.


We're not talking about successful people. We are talking about people earning minimum wage. It's asinine to think people earning minimum wage want more time when they are protesting for a raise. What they want is more money because they are struggling to make ends meet. More time doesn't do much for someone trying to pay bills.


Usually problems like what you're running into mean that the megabank hasn't finished digesting acquisitions, or they cannot meet some state regulatory issue with the main system. Bank of America is/was like this for a few years -- tellers had access to separate Fleet Bank, BankSouth and BoA systems, but you as customer got stuck when doing seemingly routine transactions. You're probably in a situation where your older accounts are in System A, and the newer ones are in recently acquired System B. You should be able to avoid this problem by opening new accounts at Citibank, or just getting another bank. If you have a good rapport with a branch manager, explain the situation and see if they can do anything. FWIW, Unless you're spending alot of time in Manhattan or travel overseas often, there aren't many advantages to having a Citibank account these days.


I wouldn't read into the title too much. We live in a world of click bait. I'd agree with your statement, that really the point is that reading fiction makes you better at understanding human emotion which makes you better at investing because the market is very emotional by nature. Of course I'd say if this is your position I'd be taking some long straddle positions on options leading up to conference meetings on big companies like Apple, Google, Amazon, Tesla and calling it a day.


Rapid injection molding is not the solution of all problems. It is not possible to shorten all processes by this technique. There are certain things which are out of the trajectory of this technique. It does not matter that if you have endless recourses and put a lot of effort, some process will take time.


Self driving cars will not be Uber's demise. In fact, it's exactly what they're waiting for. This ride sharing business is all just to position themselves in the market. Why do you think they're going to such great lengths to crush Lyft? As soon as self-driving cars hit the market Uber is going to start buying them up in large numbers.


I too have a nexus 5 and have had a note 2 and various other phones i couldn't reach the top left corner but on andriod it isn't really an issue. When I use an iPhone 5 i have issues hitting that stupid back button all the time with my tiny lady hands. I bigger iPhone would be completely useless to me unless they revamp the UI and judging by their keyboard UI it hasn't really been a top priority.


Being an ex-banker, I agree, and I'd add that they were scared shitless to hire on again and we're very happy to grind everyone to death until the employees screamed uncle. I was on the corporate credit side, which is not automatible


You're taking one instance of a spurious correlation and using it as an example of why a theory which everyone knows it false, is false? Congrats to you sir. You have done nothing interesting. The correlation is spurious, correlation is not causation, and EMH is already demonstrably false. You sound like an uneducated prick who knows a couple big words.


"Lol, wtf kind of question is this? First off, there is no single ""derivatives market"". There's listed derivatives (ETD's) and OTC. Then you can break each of those broad markets down into forwards, futures, options (includes all exotics such as binaries, single barriers, double barriers, one touches, double no touches, knock ins, knock outs, reverse knock ins, reverse knock outs, window barriers, etc), and swaps (including swaptions). All of these are product specific (FX, FI, Credit, Equities, Commodities, etc).... so its more appropriate to look at derivatives with respect to the market they are in rather than all derivatives across all markets. Now to your question... your question makes absolutely no sense. Are you wondering what the daily volume is? Notional outstanding? Total exposure?"


>When a store physically closes, does that effect business in that surrounding area? Absolutely. Many malls are only alive because they have anchor stores that attract customers, which then purchase from less attractive outlets nearby. To compensate, I believe outlets generally subsidize rents of anchors. >This is kind of a branding issue I guess. And/or do online sales noticeably decline in that area? I don't have any data for this, but I believe online sales would increase as brand awareness increases. There are also benefits where you can buy online and have it delivered, but return in person. >I got curious from this because I’ve always noticed that L Brands (operates Victoria’s Secret & Bath and body Works) seems to be in many malls, even failing ones. I’ve since learned that this is actually their business model. But why? Probably low rents. Commercial real estate is a difficult business. Hot locations are always rented. Bad locations will do anything to keep their tenants. >Would they have high rates of return if they were online? Increases in damages? (hard to resell shower gel and undies, even if you don’t know if they were used) I have never seen either of those items be accepted for return... >Or for specialty retailers is it important to the brand that they have a physical location for brand recognition? Yes. Also there are customer acquisition benefits to being physically present such as being able to give out samples, and having a good fragrance such as Subway and that body wash place.


The metric I prefer is net worth, minus the value of your home, then divide by your annual expenses. The house is subtracted because you need to live somewhere, so its worth isn't part of retirement savings. I divide by expenses to create result that really answers how close one is to being able to retire. The target is to have 25X your required spending gap. Note, as you close in on retirement, and social security is still in place, you can use it in your planning. If I were in my 20s or 30s today, I wouldn't use it in my numbers.


"This is the best tl;dr I could make, [original](https://fee.org/articles/imf-head-predicts-the-end-of-banking-and-the-triumph-of-cryptocurrency/) reduced by 93%. (I'm a bot) ***** > For now, virtual currencies such as Bitcoin pose little or no challenge to the existing order of fiat currencies and central banks. > IMF experience shows that there is a tipping point beyond which coordination around a new currency is exponential. > Some would argue that this puts a question mark on the fractional banking model we know today, if there are fewer bank deposits and money flows into the economy through new channels. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/73tx56/imf_head_foresees_the_end_of_banking_and_the/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~220697 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*: **Bank**^#1 **currency**^#2 **virtual**^#3 **central**^#4 **new**^#5"


> At a time when small businesses could not get affordable loans to create jobs, the Fed was providing trillions in secret loans to some of the largest banks and corporations in America that were well represented on the boards of the Federal Reserve Banks. the 1% helping the 1% ? that's preposterous !


In response to one of the comments you might be interested in owning the new home as a rental property for a year. You could flip this thinking and make the current home into a rental property for a period of time (1 year seems to be the consensus, consult an accountant familiar with real estate). This will potentially allow for a 1031 exchange into another property -- although I believe that property can't then be a primary residence. All potentially not worth the complication for the tax savings, but figured I'd throw it out there. Also, the 1031 exchange defers taxes until some point in the future in which you finally sell the asset(s) for cash.


"The problem I have with this argument is exemplified by the following statement: *""Focusing on share-restricted hedge funds between 1999 and 2008, Sadka and Ozik found that funds with recent inflows on average earned an additional 5.6 percent annually compared to funds that experienced outflows.*"" Funds that are doing well tend - on average - to see customer inflows. Funds that are doing poorly tend - on average - to see customer outflows. It's the concept of ""hot money."" The authors here imply that it's the fund inflows that prompt the outperformance, when - in reality - outperformance prompts fund inflows."


The context actually was higher education and student debt load (which extends to cost). You can try to broaden it but the title of the thread, the linked article, the comment I replied to and my comments all reference higher education and costs. Once again, your comment is correct in a broader context, just not in the one we were in, at least not to all readers clearly. You want to be right but what you need to accept is that you just flubbed your post (tbh I agree with you on most points here) and should likely add some more detail to your statements.


There are few different types of MI you can choose from, they are: Borrower-Paid Monthly (this is what most people think of when they think MI) Borrower-Paid Single Premium (you may have QM issues on this) Lender Paid Single Premium Split Up-front and Monthly The only way to determine which option will ultimately cost you less is to come up with a time estimate or range for how long you anticipate you will hold this mortgage, then look at each option over that time, and see where they fall. To answer your question about the single-premium being added to your loan, this typically does not happen (outside of FHA/VA). The reason for that is you would now have 90%+ financing and fall into a new pricing bracket, if not being disqualified altogether. What is far more typical is the use of premium pricing to pay this up-front premium. Premium pricing is where you take a lender credit in exchange for an elevated rate; it is the exact opposite of paying points to buy down your rate. For example: say a zero point rate is 4.25%, and you have monthly MI of say .8%. Your effective rate would be 5.05%. It may be possible to use premium pricing at an elevated rate of say 4.75% to pay your MI up front--now your effective rate is the note rate of 4.75%. This is how a single premium can save you money. Keep in mind though, the 4.75% will be your rate for the life of the loan, and in the other scenario, once the MI drops off, the effective rate will go back down from 5.05% to 4.25%. This is why it is critical to know your estimated length of financing.


Back when I was 25 and living near Kansas City, I would put 500-700 miles on my car almost every weekend traveling to other places like Omaha, St. Louis, Iowa City, occasionally Minneapolis, once to Fargo, and one longer trip all the way to Virginia... There's a whole lot of nothing out there so road trips are quite naturally long. They're also quite attractive and I still wouldn't miss an opportunity to get up and drive somewhere for the weekend. But, I have spent less money on cars in my entire lifetime than you have on this single car. I preferred then, and still do, to buy older cars for a few thousand dollars (or even less) and drive them until they die or can no longer pass inspection. Changing the oil is usually the most maintenance I'll do. Since I've spent so little on each car, I don't really care if it suffers some minor damage, or even gets totaled in an accident (which fortunately has never happened), so I would only carry the mandatory liability insurance. This is going to be much cheaper than the full coverage you will have on your car. If something did happen I would just go buy another junker. One such car I bought cost me a grand total of $150 excluding gas and gave me almost 10,000 miles until its transmission fell out. Another that I paid $100 for had difficulty getting over 60 miles an hour, but it did those 500-mile trips almost every weekend for two years before the engine threw a rod. This might not be something you want to do. Perhaps you don't want to be seen driving what one of my exes called a ****mobile because people will misjudge you. But consider that billionaire Sam Walton (of Wal-Mart) could afford any vehicle he wanted, but drove an old pickup truck. I present it as an option because it works for me, and might work for you. And my ex liked my old cars, especially the 1983 Mercury Zephyr station wagon with enough space in the back for a full size bed... Thus you have one possible way to cut your expenses significantly. The only thing left to deal with is parking and its attendant security issues. My ****mobiles have never been stolen, broken into or even looked at funny, though I have never left anything visible in them but the occasional bit of trash. Thieves don't seem to expect an old beater to contain valuables or even be drivable, and a chop shop certainly wouldn't want one. And as I noted in a comment earlier, it's possible to find cheaper monthly parking in NYC if you search carefully; the $130/month example in the Bronx being just the first one I found after 25 seconds on Google. I am pretty sure that if you do some more extensive research you can find cheaper parking that is reasonably secure and at least relatively convenient to your most common travel plans.


When has a terrorist EVER had trouble getting onto a plane? The TSA screening is a joke, and actual suspected terrorists don't go on the no fly list, since that would alert them that they are under surveillance. All airplane terror plots that have been stopped in recent times have been stopped by other passengers on the airplane. If I was able to go from the front door, checking my luggage, going through security, through the gate, and onto my plane without seeing a single airline employee or TSA thug, I would feel significantly safer. Hell, put me on a drone with no human pilot, and have vending machines rather than flight attendants. Also, while I'm making demands, airplanes should have bunk beds instead of seats, and they should gas the cabin on long flights.


Which is fine, because the prediction of what college will be like in 20 years is dramatically changing. Colleges will be a thing of the past - rendered nearly obsolete by the oodles and oodles of free education online. The education of the future will reach directly into the homes of students, and finally evolve as fast as all the technologies it professes to teach (but cant) and college costs will eventually fall. Not only will costs fall - but they already [predicted to collapse.](https://www.ft.com/content/a272ee4c-1b83-11e7-bcac-6d03d067f81f?mhq5j=e1)


">In a note this morning from Deutsche Bank's freight and logistics analyst Amit Mehrotra, he notes that the ""WMT vs. AMZN battle is heating up"" and points to a report by DV Velocity, according to which a well respected transportation industry consultant told attendees of a logistics conference that Walmart (WMT) is telling trucking companies that it will no longer do business with them if they continue moving goods for Amazon (AMZN). Basically, an analyst from a foreign company said that a report from another company cited a ""well respected transportation industry consultant"" who told people at a logistics conference that Walmart is telling US trucking companies that it won't do business with them if they continue moving goods for Amazon. This is like quadruple hearsay, from an unreliable website, and should not be relied upon."


It serves its purpose. I have an account there, but transferred most of the funds in it to an American Express account a while back. The primary reason was that, unlike ING, AE actively worked with Mint.


"Real target of commisions is providing ""risk shelter"". It is kind of ""insurance"", which is actually last step for external risks to delete all your money. In part it cuts some of risks which you provide, brokers track history of all your actions for you (nobody else does). When brokerage firm fails, all your money is zero. It depends from case to case if whole account goes zero, but I wouldn't count on that."


"I think you're on the right track with that strategy. If you want to learn more about this strategy, I'd recommend ""The Intelligent Asset Allocator"" by William Bernstein. As for the Über–Tuber portfolio you linked to, my only concern would be that it is diversified in everything except for the short-term bond component, which is 40%. It might be worth looking at some portfolios that have more than one bond allocation -- possibly diversifying more across corporate vs government, and intermediate vs short term. Even the Cheapskate's portfolio located immediately above the Über–Tuber has 20% Corporate and 20% Government. Also note that they mention: Because it includes so many funds, it would be expensive and unwieldy for an account less than $100,000. Regarding your question about the disadvantages of an index-fund-based asset allocation strategy:"


Since you seem to be interested in investing in individual stocks, this answer will address that. As for the general question of investing, the answer that @johnfx gave is just about as good as it gets. Investing in individual stocks is extremely risky and takes a LOT of work to do right. On top of the fairly obvious need to research a stock before you buy, there is the matter of keeping up with the stocks to know when you need to sell as well as myriad other facets of investing. Paid professionals spend all day, every day, doing this and they have a hard time beating an index fund. Unless you take the time to educate yourself and are willing to continually put in a good bit of effort, I would advise you to stay away from individual stocks and rely on mutual funds.


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"As with ANY investment the first answer is....do not invest in any that you do not fully understand. ETF's are very versatile and can be used for many different people for many different parts of their portfolio, so I don't think there can be a blanket statement of ""this"" one is good or bad for all."


If the employees keep it up, then it would make sense for Walmart to raise their wages because they would not be able to find employees without raising the wage. If Walmart is always able to find employees who will work at minimum wage, though, it can be argued that the minimum wage is what that job is worth both to the employees (otherwise no one would take the job) and employers. Of course, this does not necessarily mean it is completely compassionate to do so since it is always nice to give people more money, it does show that this is efficient (using the economics sense of the word).


Yes, you can trade your properties. Go to the county recorder's office to find out the exact procedure. Deeds generally have specific language to use and you must describe the property accurately in the deed. If you want to do the transfer yourself, you will need to make sure you have the language correct. Also, you might want to do a title search to make sure that there are no claims against the property your brother is trading you, such as by a lender who might have loaned money to him with the property as collateral. (3) Yes, the normal way in the US is quitclaim deeds. (4) A quitclaim deed only lists the money (or other consideration) that changes hands. (5) Since it is a trade for equal value, there are no taxes. (6) No. Normally a lawyer is only needed if you are dealing with a stranger and the transaction is complex. As long as you follow the procedures of the clerk's office correctly there should be no need for a lawyer. In fact, a lawyer might be undesirable because they could slow things down. Also, since this is a non-standard trade, a lawyer actually has a higher chance of screwing something up because they will not give it long thought, the way you would. Also, they will use messengers and mail instead of actually going to the recorders office, another source of error which you can avoid by doing the process correctly--ie visiting the recorders office. Lawyers don't like getting out of their chairs and this causes them to make a lot of mistakes.


A company's stock value is indicative of the market's collective belief of the future of the company. The relationship of between price and book value will vary according to the quality of the company, the category of stock, etc. In extreme cases, say Bank of America, the stock trades at a fraction of book, because BOA's books are a fantasy by most people's reckoning.


"I don't think someone who walks in to a Red Lobster or Olive Garden is there for a dollar savings. They know what they want going in, and they have a general idea as to the price range of items. People go there as an experience package, meaning the food is consistent, the atmosphere is expected and the menu is with a certain range of culinary expectation that fits a genre. When little Jimmy and Molly ask their parents to go to out for dinner, and mom and dad think it'll be great to ""take the gang for some food,"" a dollar per item is not going to register. The parents, once they've decided to go out, have already registered in their minds that this will be an expensive night, but it's a treat and that's how they're going to spend Friday evening. Now, if there's a gradual, consistent increase within a couple years, yeah, it'll register, but a $1 now is going to be a blip. This will not lead to a mass exodus of customers."


im hitting the indian market down the street from now on. Like I said in another comment, have you ever seen an indian mother pick out fruits and vegetables? she busts out the jewelers loop. Whole Foods can turn into a robotics factory, i wont be a test subject. p.s. i am NOT high currently.


To get the company to change their behavior for future people? To help foster an environment in which companies in general won't behave like this? Presumably also to compensate the guy for not getting the job when he should have been qualified to get it had they not acted illegally? From another direction... what's the point of making something illegal is there is no enforcement? Why would anyone sue a company for not hiring black people if they that was just going to lead to a hostile work environment? Because it is meant to change things, not perfectly resolve that one particular incident.


My guess: they are giving you a constant number of days between when the bill is sent and when it is due. Due dates are usually set either: same date each month IE the 3rd of each month. same day IE first thursday of the month. Note: due date might vary based on weekends. Number of days in the month - date on bill should be pretty constant if due date option #1 is being used. Note how Feb dates were usually earlier, since it is a shorter month.


Get on a written budget at the BEGINNING of the month. If you dont write down where your money goes BEFORE you spend it, you have no way of keeping track of it. I couldn't do a thing until I got on a written budget but now that I am, I've paid off $10,000 in 7 months.


"How have I moved the goalposts? My original claim was that the ""ransom"" was a result of the unions. That's what you quoted. And what you responded to just there said the exact same thing. It's a factually true statement. Boeing made these demands as a result of the union labor driving up labor costs. Washington State offered Boeing incentives to stay as they would otherwise be looking to move as a direct result of the union labor wages."


I am from Santa Cruz. McDonalds closed over 5 years ago. It was hugely popular here, probably the most popular Hamburger place. The problem was the guy who brought the franchise, promised a much higher volume of sales. These figures were unrealistic for Bolivia and the Headquarters cut the chain. However, such is the demand, that there are talks about McDonalds being back next year. EDIT: I don't get why the article makes it seem as this happened quite recently. McDonalds has been closed for some time, before Evo was in power even. I'd also like to add that at the time McDonald's hamburgers while extremely popular were overpriced for the Bolivian market. However, due to inflation and all the drug money rolling around now days, it would certainly be competitively priced and hugely successful. EDIT 2: Here is an article dating McDonalds closing in November of 2002, so nearly 10 years ago. http://www.eldeber.com.bo/anteriores/20030308/economia_9.html


Shred it all. You might want to keep a record going back at most a year, just in case. But just in case of what? What is a good idea is to have an electronic record. It's a good practice to know how your spending changes over time. Beyond that, it's just a fire hazard. The thing is, I know I'm right in the above paragraph, but I'm a hypocrite: I have years' worth of paper records of all kinds. I need to get rid of it. But I have grown attached. I have trucked this stuff around in move after move. I have a skill at taking good care of useless things. I've even thought of hiring somebody to scan it all in for me, so that I can feel safe shredding all this paper without losing any of the data. But that's insane!


"APY stands for Annual Percentage Yield, a calculation done by the financial institution to make simple comparisons of account value after 1 year between competing accounts. The APY includes the effects of compound interest regardless of the rate of interest, so the simple answer is: no, your return is only your principle multiplied by the APY after a year. Credit Unions are more member participatory than a bank, so the name ""share"" implies that you own a share of the credit union and it's future. It's possible that the CU could elect to pay a dividend on top of your interest rate. Since you have the option to credit the dividend to the share certificate account or another place, it seems that interest would be paid on the dividends left in the SC on the compounding schedule at the contracted rate. You would have to look at the terms of the account to verify precisely when the dividend is payed, whether it's a value above and beyond the interest, and how it is compounded into our account."


My take on this is banks want to bring fear to homeowners to get them to go for fixed mortgage rates which are higher. Also (here in Canada at least) every journalist suddenly is a real estate expert and predicts crashes yet has never written on real estate before. There are also the people that want a crash to happen since they missed the boat on the real estate boom. And not to mention writing country wide predictions is just pointless. Did the real estate market in Manhattan crash in 2008? I actually don't know the answer, but I highly doubt it.


"Yes it is. The most effective form of honesty is to properly set expectations up front, and get good at delivering on those promises over time. Don't confuse ""Building the best product"" with honesty. Building the product that people want, the product that people can trust is often better than waiting for ""the best."" Dependability is often more valuable."


Are you very certain that your regular investments will produce >10% above and beyond what can be created from your 401(k) plan? Unless you have a monumentally terrible selection of funds with massive fees you would need to be a truly exceptional investment genius to consistently beat the 10% penalty hurdle. Also, losing the tax-deferred growth for your money is a large additional hurdle meaning that your investment skill would have to be near Warren Buffet levels to just break even. That 10% + tax-deferral is easy free money just like the 50% match. Wait for a few years until you switch jobs and roll the money into an IRA and you will have full control and a lot more money. Taking the penalty is a bad idea.


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"If you are concerned about inflation, here are a couple of ""TIPS"". You can buy a mutual fund or ETF which adjusts for inflation. Here is one link which you may find useful: http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2010/12/02/etf-basics-how-to-fight-inflation"


>Content Writer >Content writing is a quick job nowadays. There are some excellent marketplaces for writers. You can get a job as a writer there. I will give a short list here. >People always look for a writer, who has website or blog. I often look for writers for my niche sites. I love to change writer and deal with new peoples. I hire writers from Social Media and several marketplaces. >If you think, you’re right in English and you can write proper blog content then you can start writing right now. >First of all, make a blog for your own. Make 5-10 excellent blog content there as your sample writing. You don't need to be right in English. Many contributes do not have great English skills but can deliver great concepts.


More infomation is needed for any meaningful discussion about this. I just assume you want to buy in China mainland, not Hongkong or other places. That depends on where you want to buy the flat. Which city, which district of the city, which community, which school district, how old is the building? Furthermore, always bearing in mind that you don't own the land when you buy a flat in China mainland. The land is always state-owned, you are renting the land. Someone will say that the real property market in China is always in a bubble, but because the ownership of the land is different from countries like US and other things like one-child policy, things are not that easy to tell. But if you don't live in China now and you don't have clients ready to rent from you, I don't think it is a good choice right now to buy one just for investment.


this article is wrong about money. govt creates money, not banks. all banks do is create ious. it's only when those ious are defaulted on then it becomes actual money. Also, fractional reserve banking is outdated and obsolete. When was the last time you hear Fed meetings that they were going to raise reserve requirements? All you hear is interest rates and QE bond buying.


"Yes, there is a very good Return vs Risk graph put out at riskgrades.com. Look at it soon, because it will be unavailable after 6-30-11. The RA (return analysis) graph is what I think you are looking for. The first graph shown is an ""Average Return"", which I was told was for a 3 year period. Three period returns of 3, 6 and 12 months, are also available. You can specify the ticker symbols of funds or stocks you want a display of. For funds, the return includes price and distributions (total return), but only price movement for stocks - per site webmaster. I've used the graphs for a few years, since Forbes identified it as a ""Best of the Web"" site. Initially, I found numerous problems with some of the data and was able to work with the webmaster to correct them. Lately though, they have NOT been correcting problems that I bring to their attention. For example, try the symbols MUTHX, EDITX, AWSHX and you'll see that the Risk Grades on the graphs are seriously in error, and compress the graph results and cause overwriting and poor readability. If anyone knows of a similar product, I'd like to know about it. Thanks, George"


Based on my experience with student tuition documents, it sounds like there is money due to you from the school. From your description, I would guess that your statement looks something like this: Credits: Debits: Registration === 3,400 Lab/Classroom Fees === 600 Balance: === -6,000 If that's the case, remember that this document is from the school's accounting system and so it is registering a negative from the perspective of the school's finances.


I think the government has no real monetary constraint at all. There's pretend constraints like an arbitrary debt ceiling, but not a real insurmountable constraint. There's not really a necessity to issue debt, the money could just be spent into the economy and no debt issuance conducted. Just run into negative equity. There's an inflation constraint in terms of how many real brains / hands / tractors are available, but it isnt 1:1 automatically. The talk of 'debt' is idealogical in my opinion. If Japan voids debt, it's not a problem. They seem to understand exactly how the financial system works and don't seem constrained politically to pulling the levers that deliver the best outcomes. They don't spend enough IMO, but at least they don't run around crowing about debt in a nonsensical way to score politically.


No, to follow up on your example First Direct won't care (and I suspect won't even know) how long you held the account you are switching to them so if you don't want to switch your main current account to them you can just open a new one and switch that. To get the bonus you just need to make sure you meet the requirements imposed which in First Direct's case seem to simply be: have not held a First Direct account before pay in at least £1000 within 3 months of opening the account Once the First Direct bonus is paid, which they say should be within 28 days of you meeting the criteria, it is yours to keep. You are then free to close the First Direct account or transfer it on to another bank (and potentially claim another switching bonus).


That is such a vague statement, I highly recommend disregarding it entirely, as it is impossible to know what they meant. Their goal is to convince you that index funds are the way to go, but depending on what they consider an 'active trader', they may be supporting their claim with irrelevant data Their definition of 'active trader' could mean any one or more of the following: 1) retail investor 2) day trader 3) mutual fund 4) professional investor 5) fund continuously changing its position 6) hedge fund. I will go through all of these. 1) Most retail traders lose money. There are many reasons for this. Some rely on technical strategies that are largely unproven. Some buy rumors on penny stocks in hopes of making a quick buck. Some follow scammers on twitter who sell newsletters full of bogus stock tips. Some cant get around the psychology of trading, and thus close out losing positions late and winning positions early (or never at all) [I myself use to do this!!]. I am certain 99% of retail traders cant beat the market, because most of them, to be frank, put less effort into deciding what to trade than in deciding what to have for lunch. Even though your pension funds presentation is correct with respect to retail traders, it is largely irrelevant as professionals managing your money should not fall into any of these traps. 2) I call day traders active traders, but its likely not what your pension fund was referring to. Day trading is an entirely different animal to long or medium term investing, and thus I also think the typical performance is irrelevant, as they are not going to manage your money like a day trader anyway. 3,4,5) So the important question becomes, do active funds lose 99% of the time compared to index funds. NO! No no no. According to the WSJ, actively managed funds outperformed passive funds in 2007, 2009, 2013, 2015. 2010 was basically a tie. So 5 out of 9 years. I dont have a calculator on me but I believe that is less than 99%! Whats interesting is that this false belief that index funds are always better has become so pervasive that you can see active funds have huge outflows and passive have huge inflows. It is becoming a crowded trade. I will spare you the proverb about large crowds and small doors. Also, index funds are so heavily weighted towards a handful of stocks, that you end up becoming a stockpicker anyway. The S&P is almost indistinguishable from AAPL. Earlier this year, only 6 stocks were responsible for over 100% of gains in the NASDAQ index. Dont think FB has a good long term business model, or that Gilead and AMZN are a cheap buy? Well too bad if you bought QQQ, because those 3 stocks are your workhorses now. See here 6) That graphic is for mutual funds but your pension fund may have also been including hedge funds in their 99% figure. While many dont beat their own benchmark, its less than 99%. And there are reasons for it. Many have investors that are impatient. Fortress just had to close one of its funds, whose bets may actually pay off years from now, but too many people wanted their money out. Some hedge funds also have rules, eg long only, which can really limit your performance. While important to be aware of this, that placing your money with a hedge fund may not beat a benchmark, that does not automatically mean you should go with an index fund. So when are index funds useful? When you dont want to do any thinking. When you dont want to follow market news, at all. Then they are appropriate.


"The simple answer would be - if you want to take Euros from Germany to Spain as cash and deposit them, you're not breaking any laws, there is nothing to declare to customs (you're still in the EU), it is not ""income"" so there is nothing to tax, and your bank should be able to receive it without issue (no currency conversion after all). It does however come with the risk of loss/theft en route. So it really depends on how comfortable you are walking around with that much on your person. If you don't want to carry that much around and your banks are imposing unreasonable fees, here's something you could investigate further (I have not tested it myself): Transferwise offers a service that lets people send money to foreign accounts (in different currencies) for a small fee, at mid-market rates. However, they also offer a ""request money"" feature which allows EUR-EUR transfers (and some other same currency transfers). So perhaps you could use this feature to simply request money from yourself. The requester puts in how much they want to receive. Then they send a generated link to the other party. When clicked, that link sets up a transaction for the requested amount, and sometimes a nominal fee (I created a link for a GBP-GBP transfer and it wanted 1 pound extra, but when I did the same for EUR-EUR it didn't want any extra). I assume you would need two Transferwise accounts, though maybe not? And I'm not sure whether doing this is technically allowed in their terms of service, so you should read those to be sure. The advantage, if this works, is that neither bank sees it as a ""transfer"". Rather, the originating bank makes a payment to Transferwise, and then Transferwise makes a deposit to the receiving account. So I can't imagine either bank would be able to impose their foreign-bank-transfer fees for the transaction. https://transferwise.com/request-money I have used Transferwise for currency conversions, but not the request money feature, maybe other users could chime in if they have used it."


"> A government can run out of gold. It cannot run out of its own free-floating currency. When it comes to borrowing, whether or not you can be unable to service that debt is very relevant to how much interest you pay. > As Japan cannot run out of yen, Japan can borrow yen very cheaply - despite books that don't make a lick of sense if evaluated like a business. So you don't think two ""lost"" decades going on three and a debt of over 200% isn't a problem for Japan? You want to try that here when it hasn't worked in the most orderly society in the world? And there's more to play out in Japan. No where near ""recovery"" and in a tail spin again."


> ...without spending more than 30% income on rent. Makes sense to me. There is a whole lot more to buy. > Check rent.com for 2BR prices in Tennessee and Arkansas. They start in the lower $500s. Well, right. Minimum wage is $7.50 which averages to 30/7x40x$7.50 = $1285 per month. $500 of $1285 is 39% of your income which has been defined as unaffordable. > (On minimum wage)...you don't owe a dime of Federal income tax. I understand the right considers paying no income tax as unfair but it is that way to try to correct unfair wages. Support policies that get a minimum wage household to a modest lifestyle that includes education, shelter, health care, recreation, and retirement and I will support taxing their income.


The price of a shares reflects the expected future returns of that company. If it does not someone will notice and buy until it does. Look at this chart http://www.finanzen.net/chart/Arcandor (click on max), that's a former DAX company, so one of the largest german companys. Now it's bankrupt. Why do you think you are the only one who is going to notice? There are millions of people and even more computers, some a going to be smarter than you. Of course that does not happen to everyone but who knows. Is Volkswagen going to survive the current crisis? Probably. Is it coming back to former glory in the next half year? Who knows? Here comes the obvious solution: Don't buy single stocks, spread it out over many companies, some will shine, some will plument and you get the average. Oh that's an index, how convinent. Now if there were a way to save on all these transaction costs you're incurring...


I live in europe but have been paid in usd for the last few years and the best strategy I've found is to average in and average out. i.e. if you are going in August then buy some Euro every few weeks until you go. At least this way you mitigate the risk involved somewhat.


The dentists office can call you and claim that you owe them more money but if there is any concern of the legality of their claim I would recommend consulting an attorney before paying. If you actually do owe the money, however, then yes you will likely need to pay.


> I never said she should abstain from sex if she didn't want to get pregnant. You misunderstood what I said. If you are in a situation like her, you should either take extra precautions when having sex or just avoid having it until you get to a better place. She obviously wasn't responsible enough to have sex safely so yes, I think it would have been wise for her to abstained from sex until she got her life in a better place. So we should punish her?


You run the regression R_{i,t} = a + bR_{m,t} + e_t, then a + e_t is the variation that isn't shared with the market's variation.


No, not crushing taxation, reasonable taxation. Our corporations pay some of the lowest taxes in the world, with some of the larger ones actually paying none. I'm fine with lower taxes on small businesses. Btw, if wanting decent opportunity to take care of me and mine is greed, then yes, I'm greedy.


Apple earns over half of all the profits in the mobile space, and there won't be much profit in cheap devices no matter who makes them, although volume will help a little. At some point they will have to go downmarket but only once the more profitable users are completely served. Note that they currently use older models to do this. A random data point: half of all phones in the US are smartphones. That leaves the other half to conquer. [Asymco](http://www.asymco.com/) is an excellent site for following what is going on with detailed data etc.


The main risk is insurance liability - if they are in an accident who pays? It is not professional to have your employees deliver items. Most of whom make minimum wage and could care less about on time delivery.


As you point out in your question your risk level is personal. If you really believe your job is stable there is no more risk. However the overall evidence is that most jobs are less stable, and if you do lose your job you're likely going to be out of work for a while. One thing to consider though is that if you have planned on emergency credit in the past, that option is not really viable anymore.


> What qualifications do you have that make you think you would be hired by anyone for this type of situation? They are fairly extensive. It doesn't serve much purpose to list out my qualifications on Reddit. People would just say I'm bullshitting, and I wouldn't blame them. It is the internet after all.


I don't know much about how student loans work, so there might be some caveats (e.g. does the interest rate stay constant, do you get a discount if you pay off early etc.). Ignoring those caveats: The interest on you student loan looks quite small. Depends a bit where you are in the world, but it seems very likely that you can get more interest than that on a 100% guaranteed investment form, e.g. term bank deposits. So, it seems a no-brainer to not pay back you student loan and invest the money securely for a higher interest rate instead. Similar situation when you think about taking the money as a down-payment for a house. More factors come into play here:


As many other posters have pointed out, unless you know (and your insurer doesn't) that because of any reason you are more likely than the average to damage your computer, insuring it doesn't really make a lot of sense if you can comfortably replace it should the worst happen. In this particular case of a laptop, insurance is especially unattractive because computers depreciate fairly quickly. If you break it... ...and you're insured, you will get the very same laptop you bought more than a year ago. ...and you're not insured, you can choose to either find the same laptop at a substantially lower price (Apple does not really lower prices that much but you can probably get a refurbished unit, just like you could get with AppleCare) or spend the original amount in a newer and more powerful laptop.


If you want to convert more than a few thousand dollars, one somewhat complex method is to have two investment accounts at a discount broker that operations both in Canada and the USA, then buy securities for USD on a US exchange, have your broker move them to the Canadian account, then sell them on a Canadian exchange for CAD. This will, of course, incur trading fees, but they should be lower than most currency conversion fees if you convert more than a few thousand dollars, because trading fees typically have a very small percentage component. Using a currency ETF as the security to buy/sell can eliminate the market risk. In any case, it may take up to a week for the trades and transfer to settle.


DB runs hedge funds that own stock in both companies, has a US bank that lends to both companies, has a US equity division that trades the stock of both companies, is a prime broker to hedge funds that own stock in both companies. They are also a lender to private equity firms that own transportation and logistics companies. However, I agree with the point you are trying to make about a person heard from another person who heard from another person


Gruelling. The most difficult thing I ever did. Everything they say about it is true. I wrote 5 times, passed 3 times and failed twice. It took 4 years. Would I do it again - probably not. I'd do a year or 2 year MBA instead. WIth an MBA there is more certainty of completion than CFA. with the CFA many people give up after years of trying. MBA costs much more, CFA is so cheap I'd say its pretty much free (relative to MBA of course). So pros and cons - gotta weigh 'em.


"Not every American credit card charges Foreign Currency conversion fees. I won't mention the specific one I know about as I'm not interested in shilling for them. However, if you Google ""No foreign transaction fee"" you will find a couple of options."


"This is horse shit. You're citing liberal propaganda as fact. ""Cited as the anti scientist president."" By whom? Just liberals with their dress over their heads. This Nature article is junk, it's just an opinion piece, a few quotes from literally who, and a random bar graph. Trump won on income and was inversely proportional on education. Jeez who would have thunk it, lifers post docs are bought it on their liberal academic surroundings. As if that was indicative of intelligence."


The best way to answer this question is to try. GnuCash is free, so setting it up and giving it a go shouldn't be too hard. After all, what really matters is how helpful the program is for your purposes. One aspect of personal finance that stops me from jumping to GnuCash/KMyMoney/MoneyDance is the ability to download transactions from my financial institutions. Last time I checked, the process was somewhat involved and support was limited for a handful of banks. Because of that, I decided to stick with MS Money (and once Microsoft dropped the ball, with Quicken). I am sure things are better these days, but I am still not comfortable with trusting my finances to something new and unproven. I still remember how painful it was several years ago, when some bug in MS Money caused occasional mess-up of the reconciliation state for the American Express credit cards.


No, you will not have to pay taxes on the corpus (principal) of the trust distribution. If the trust tax forms were filed correctly, you might have as much as a $9000 loss that will flow to you on the trust's termination. Previously, the trust was supposed to file a return each year, and either claim the dividends or realized cap gains each year, and pay taxes at trust's rate, or distribute them to the beneficiaries via K-1 form. This is the best way to handle this as the trust has a steep tax table (relative high rates) vs the kiddie tax which would let you get nearly $1K/yr tax free each year as a minor. During that time, losses net again gains, but can't be 'distributed' to the beneficiary. They are carried forward year to year. In the year the trust is terminated, that loss is not lost, but it's then passed on to the beneficiary, still via K-1. See Schedule K-1 instructions and Schedule K-1 itself. On a lighter note, the trustee failed you. In the 16 years (Jan 2000-Dec 2015), the market (S&P) grew by 88%, with a compound 4.02%/yr return. Instead of any gain, you got a loss with a -2.75%/yr return. If this were a paid professional, you'd have a potential claim for a lawsuit. This is a reason why amateurs should not be assigned the role of trustee. To clearly answer the mix of questions you asked - Note - it's always a good idea to seek professional advice. But, the nature of this board is that if any of my answer isn't accurate, a high ranked member (top 20 or so on this list) will likely set me straight within 24 hours.


On payWave transactions, the $100 limit applies per transaction, and your daily withdrawal limit doesn't usually apply - it's only for SAV/CHQ transactions and ATM withdrawals, and payWave transactions are counted as Credit transactions. So really, anything in your account is up for grabs. There are a couple of options as I see it. You should see if there's a option to get an old-style Maestro/Cirrus card, with no Visa/MasterCard scheme link. You might need to push for it, but you can probably do it. Failing that, you could see if you can open a linked savings account with no card access, and put most of your money in there, and transfer what you need into your transaction account. Something that may also be of interest: Visa's Zero Liability policy


I'll play this game. Pay me to not kick your seat all flight. Game Theory is fun. Edit: More economics- THE AIRLINE owns the property rights of the seat you are leasing, not you. You may only recline at their discretion. If it bothers me, and I notify the attendants and they ask you not to, you comply.


There are two ways that an asset can generate value. One is that the asset generates some revenue (e.g. you buy a house for $100,000 and rent it out for $1,000 per month) and the second way is that the asset appreciates (e.g you buy a house for $100,000, you don't rent it out and 5 years later you sell it for $200,000). Stocks are the same.


Reviews for Two of Us Dating Services - Hi there, i only want to comment my experience with Introductions, Inc. at the moment that's just what I need, because they have a great response with a Michael and lot of active members in all cities in America.


> This is directly the result of about 50 years of carefully applying the value investing philosophy. I'm on my cell on vacation so don't have time to provide a full response here, but I disagree. The BNSF purchase alone represents a giant speculative bet, partly on oil by rail. It wasn't a value play, it was a growth play. Lots of the rest of the BRK portfolio is the same.


"FDIC is backed by the ""full faith and credit of the USA."" Well, if the USA defaults, the full faith and credit of the USA would in my mind be worthless, thus, so would FDIC."


"One of the things I have enjoyed about consulting is the exposure to multiple companies and multiple business units within those companies. In the year I have been at The Gunter Group, I have already worked with multiple clients on projects that span across the respective organizations. It has been very interesting to contrast the clients and more specifically the corporate cultures that exist within those companies. I have participated in and watched various projects being driven in different parts of a client's business and it is interesting to see which projects have been, are, and will be successful. The other day I was reading a report of some analysis done by one of the world's largest and most respected consulting firms. The analysis was essentially outlining a path for success for a broad spectrum of projects of varied scopes and complexities. The analysis, which was very good by the way, touched on a lot of elements of the business that would impact the likelihood of project success. Elements like governance, data analysis, process design, etc. The analysis and the accompanying recommendations were undoubtedly sound given the caliber of the firm, the background research done to support the report, and my own confirmation based on what I have picked up about the client. I try and get my hands on these types of reports whenever possible to see how ""the big boys"" are doing it, to shape my own thinking, and to have examples of successful presentations. I am, however, always surprised that these reports fail to mention what I consider to be a very big influence on the success of a project and ultimately the success of the organization as a whole. At their core, companies are merely people. A group of people with a collective identity; a corporate culture if you will. Reflecting back on my many interactions with the people that make up these organizations it has become very evident to me that a collaborative corporate culture is a huge discriminator in determining the success of any project. Although it is a macro factor, the collaborative spirit of an organization transcends everything that the company does and/or attempts to do. Here is an example to give context of the premise I am talking about. At client A, the project team I worked with was designing an extremely innovative, complex, and challenging system that has the potential to alter the way they do business. Without going into too much detail, it was a massive undertaking with relatively limited resourcing. At client B, the scope of work I was involved in was relatively straightforward and mirrored business practices at other organizations. The bulk of the effort on my part was driving the creation and adoption of a framework to promote cross functional interaction amongst project teams. A very realistic undertaking with appropriate resourcing. Below are vignettes that illustrate typical exchanges in both organizations. In both organizations I have been directed to connect with a particular individual or group of individuals as it was thought that our respective works may be related in some fashion. Client A: Me - ""Let me give you a brief overview of the project I am working on. John Doe recommended I connect with you as your project may intersect with mine in some manner. We may be able to help each other."" (Continue with my overview) Other Party - ""Wow, this is great. I actually have really in depth knowledge of X and would love to get involved in the work you are doing. I am actually simultaneously driving Y effort and it would be great if we were aligned. At a high level we are both supporting strategy A so connecting now would really set us up for success. Feel free to include me on your future meetings and I will pass along our high level overview. Also, have you thought about connecting with So and So? They are working in the Z space on a project and it may help to drive your project forward as well."" Client B: Me - ""Let me give you a brief overview of the project I am working on. John Doe recommended I connect with you as your project may intersect......."" Other Party - (Interrupts) ""Well we have already gotten our project approved at such and such level and we have found that we really don't have any interdependencies with your project."" Me - ""Oh, OK. Well I am not really looking to create additional work for anyone. I am just looking to leverage the work we are both already doing. We may be able to help each other."" Other Party - (Interrupts again) ""Our project team is really busy and we are on a tight deadline. We don't have the resources we need. I have told John Doe time and again we need more help but until we get it I just really need to focus on X."" Me - ""OK. Well how about I jump in to what it is we are actually doing and if there aren't any opportunities for collaboration or any synergies to be gained from working together that is fine. I just wanted to be proactive about connecting the dots across the organization. (Continue with my overview) Other Party - ""...........*crickets*..........."" (Meeting concludes.....) These aren't depictions of a single event. They are aggregations of month's of interactions that give a good representation of single events in a variety of contexts on a daily basis. Of course, there are exceptions. However, I have found that exceptions within both cultures are extremely rare based on my personal experience. This only furthers my point. Can you begin to see why a collaborative corporate culture is so foundational to the success of any endeavor regardless of scope, complexity, etc? The other aspect that adds to the importance of a sound corporate culture is the self fulfilling nature of culture. Which organization do you think inspires future collaborative behavior? Even those people that want to collaborate within client B are consistently met with resistance. Those in client A are inspired by the positive interactions, enhanced results, and they are more likely to actively seek out others to help and work with. Both trajectories are accelerated in opposite directions just by the nature of the prevailing culture. So how do you create and engender a culture that embodies collaboration? That my friends is a question I don't pretend to have all the answers too. Maybe I'll be so lucky to figure that one out someday......"


You should talk to your Costco manager. They will be more than glad to help you with any issues you have with that particular store because your experience is not indicative of all Costcos. I've never had a problem finding experienced help at my local Costco. Perhaps you are confusing Costco with Sam's club?


There are a lot of people speculating that Facebook will use the money they got from this to buy companies that could be used to turn their user base into more income. With the stocks dropping in value, it might even be a good time to invest in them.


Did you even read the article or just scroll through the headline? “Affordable” is relative to subsidies. For example, my wife and I earn about 100k a year combine and we do not receive subsidies because *gasp* we can afford health care at that income. This is also based on a percentage of income that the ACA defines as affordable. Whether it actually is affordable or not is relative. Is dumping a percentage of your income into the governments discretionary and travel budget so they can fly private jets affordable? Someone deemed it was when they set the budget (though of course its grossly negligent). Not to mention insurers (like ehealth.com) can game the system by adjusting rates. It’s kind of amazing how quickly people on the Internet jump to make an issue a partisan pissing match so they can feel “right” rather than considering solutions.


I'd have anything you would need for maybe 3-6 months stored up: food, fuel, toiletries, other incidentals. What might replace the currency after the Euro collapses will be the least of your concerns when it does collapse.


If your savings are in USD and will be making purchases using USD, then it will no longer go as far as it used to. I assume most Americans currently have their savings accounts in USD, so the value of those accounts will decrease. If you have investments in stocks or foreign currencies, your exposure may be less, but it depends. For example, stocks in companies that hold a lot of USD will also be hit hard, as will be currencies of nations that are still holding a lot of USD if the value of the USD is crashing. If you have a lot of debt measured in USD, while have a lot of assets that have nothing to do with USD, then you might make out like a bandit, since if you assume the value of the USD is falling, then it would become easier to sell off your other assets to pay off the debt.


Retail jobs are not easy to get, *especially* if you're skilled (and advertise that fact). Retail managers don't want to hire someone that's overqualified as they know that person will continue to look for something else and will leave the moment they find something more on their level. They also don't want someone that will threaten their authority. All they want is someone that will show up on time and not cause problems.


>You can't throw 90% of energy subsidies to one part of the industry which produces a fraction of the rest of the industry without negatively affecting consumers (everyone). This assumes the money/subsidies given to domestic solar/wind energy companies would be allocated to multi-national energy companies. They're not equivalent, one is a cutting edge domestic industry; the other is a mature global industry. We've jumped in leaps and bounds in terms of solar cell efficiency vs. cost in the last ten years as a result of R&D, likely funded by these subsidies. OAG is necessary and shouldn't go away anytime soon.. but nuclear and renewables are the future, they're growth, they're national security -- we shouldn't be wasting money on pumping that shit out of the ground faster. If anything, you should be bitching about nuclear regulations since the US should be building next generation nuclear, instead of wasting metric shit tons of cash running bullshit baby boomer built nuclear plants.


I agree. I think that is a good point, and that is also why I wanted to post and ask. If I could do this in a bear market I bet I could be Warren Buffett by the time my heart stops. I use my benchmark as a mix of S&P, Nasdaq, and Russell 3000. I got a near flat market for 2015 (only 0.23%). I thought that was decent but yes the rest of the years have been quite bullish


TD Bank (Northeast US) has free change counting machines at its branches. You don't have to have an account to use them.


And this tells me you have little to no understanding. I have LIVED this life, I am black, from an inner city, my father is a deadbeat and my mother was diagnosed with MS, leaving her disabled until she died before I graduated from high school. My grandmother raised me while trying to care for a daughter that couldn't walk and another daughter struck blind by disease. Without public assistance, I wouldn't have been healthy enough to get a scholarship to a very expensive boarding high school, and really isolate myself from the shit around me. i have cousins who died living the gangster bullshit life, I know this world from seeing it. I make a fairly decent amount of money now, why, because when I couldn't find a job, I could still eat on food stamps and go to a free program to qualify for the government to pay for my IT certification. So, seeing as I KNOW how the system can be used to get to a better place, make a goddamn argument that your idea works better, not how you feel things should be. I make me decisions based on what I've seen, I have known women shafted by circumstance struggling to be able to work because they need a specific number of hours to ensure they can have child care so they can work at all. I have tutored adults that never graduated high school because they had to drop out and work years ago to help their families afford to live. I have used medicaid to help with my horrible episodes of depression, gotten treatment my family alone could not afford. I have watched my aunt recover from drug addiction using treatment my family could not afford. My grandmother is alive and still helping the down and out in our family due to medical equipment the family could not afford on its own. I do base my decisions on evidence, I have lived the fucking evidence.


Check with Lawyer and CA who deals with international laws. It maybe illegal in Saudi Arabia. From India tax point of view, any credits into NRE account is not taxable. However credits to friends/family will be treated as GIFT and friends/family will be liable to pay a gift tax if such transfer are more than Rs 50,000/- per year. Although FEMA does not prohibit explicitly such arrangement, these look like round about way of moving money and can be investigated.


A large biller is registered and can initiate an ACH Debit to your account based on the Account Number and the Routing number. He assumes responsibility and completes the due diligence of obtaining a written mandate / permission / authorization from you. There are other legal process where by you get a Power of Attorney that would allow you to transact on behalf of someone. The key point you seem to be missing is that one can ONLY transact from ones account either by walking into the Bank / ATM, or by writing a check. There are other options as well to transact.


I still remember a little boy who decided to deliver mail on his bicycle for a fee who got slapped with thousands of dollars and possible jail time for his parents by the government. It's time for the Post Office to let go of its stranglehold on mail delivery especially now that the dependence on it has decreased with the maturity of email and online billing and payment.


It depends on what you want it for If it is just salary then maybe not, for instance, some MBA programs may suggest their graduates make $100,000 per year, but you work in an oil field barely finishing high school and make $300,000 a year. If you go for the MBA right now, you may miss your chance to work in the oil industry for another few years (or weeks), but at the same time, the MBA lasts forever (although, real world experience is also relevant) and it may give you a leg up when you are 50 years old in the unemployment line (or maybe not, because you are overqualified) everything in life is a cost/benefit analysis Passing the GRE lasts for five years, so keep that in mind


If the price had dropped to $4 from $50, and you had $5000 to start with on your account, you will be left with $400 in your account if you closed the position now. So you would not be in debt if this was the only possition you had open.


Another person, not a shareholder or director, will be treated as when a bank loans you money. You are loaning out money and you are sort of getting interest income out of it or some other benefit, which needs to be put down in you company's annual return. Full source on the HMRC website. But for a shareholder or director is different matter. Check the HMRC source for sure and check with your accountant, if you have one. If you owe your company money You or your company may have to pay tax if you take a director’s loan. Your personal and company tax responsibilities depend on how the loan is settled. You also need to check if you have extra tax responsibilities if: If the loan was more than £10,000 (£5,000 in 2013-14) If you’re a shareholder and director and you owe your company more than £10,000 (£5,000 in 2013 to 2014) at any time in the year, your company must: You must report the loan on your personal Self Assessment tax return. You may have to pay tax on the loan at the official rate of interest. If you paid interest below the official rate If you’re a shareholder and director, your company must: You must report the interest on your personal Self Assessment tax return. You may have to pay tax on the difference between the official rate and the rate you paid.


In the US, banks, businesses and the government stack cash. That's how you should present it to them.


"First of all, ""going risky"" doesn't mean driving to Las Vegas and playing roulette. The real meaning is that you can afford higher risk/return ratio compared to a person who will retire in the following ten years. Higher return is very important since time works for you and even several extra percent annually will make a big difference in the long run because of compound interest effect. The key is that this requires the investment to not be too risky - if you invest in a single venture and it fails you lose all the money and that's worse that some conservative investment that could yield minimum income. So you still need the investment to be relatively safe. Next, as user Chris W. Rea mentions in the comment funds and ETFs can be very risky - depending on the investment policy they can invest into some very risky ventures or into some specific industry and that poses more risk that investing into ""blue chips"" for example. So a fund or an ETF can be a good fit for you if you choose a right one."


That depends where you put the top bracket, but probably there is little way to jack income tax to anywhere near that without serious detrimental effect to the economy. The real issue is not that the wealthiest earn too much but that they have too much. There is a huge glut of massive savings at the top that is continually growing and taking money from the economy. This savings drives the creation of public debt more than any other factor. It is that which needs to be, at least in the near term, taxed aggressively.


"When we talk about compounding, we usually think about interest payments. If you have a deposit in a savings account that is earning compound interest, then each time an interest payment is made to your account, your deposit gets larger, and the amount of your next interest payment is larger than the last. There are compound interest formulas that you can use to calculate your future earnings using the interest rate and the compounding interval. However, your mutual fund is not earning interest, so you have to think of it differently. When you own a stock (and your mutual fund is simply a collection of stocks), the value of the stock (hopefully) grows. Let's say, for example, that you have $1000 invested, and the value goes up 10% the first year. The total value of your investment has increased by $100, and your total investment is worth $1100. If it grows by another 10% the following year, your investment is then $1210, having gained $110. In this way, your investment grows in a similar way to compound interest. As your investment pays off, it causes the value of the investment to grow, allowing for even higher earnings in the future. So in that sense, it is compounding. However, because it is not earning a fixed, predictable amount of interest as a savings account would, you can't use the compound interest formula to calculate precisely how much you will have in the future, as there is no fixed compounding interval. If you want to use the formula to estimate how much you might have in the future, you have to make an assumption on the growth of your investment, and that growth assumption will have a time period associated with it. For example, you might assume a growth rate of 10% per year. Or you might assume a growth rate of 1% per month. This is what you could use in a compound interest formula for your mutual fund investment. By reinvesting your dividends and capital gains (and not taking them out in cash), you are maximizing your ""compounding"" by allowing those earnings to cause your investment to grow."


"This article feels like a project by an editor to see how well his new hire can write a ""finance"" article. Low hanging fruit: explain Tesla's junk rating compared to Ford's. The conclusion I was hoping he reached, which is my belief, is that Musk flys to close to the sun trying to balance expansion and debt with cash flows and revenue. If they fail Ford's the best positioned car manufacturer in my opinion. Sure, the Volvo's of the world are going all electric, but that's not what makes Tesla appealing in my opinion. They're a tech company masked as a car company. Ford is a car company trying to pivot to a tech company. Electric isn't the future, the vehical cloud is. Someone has to make these cars. Google or apple won't. Ford will hopefully build and service their own."


I'm not convinced that cost of living is related to ensuring greater appreciation of assets over time, especially over a 30 year window. The importance of regional differences in cost of living to anyone's decision-making should be weighted by the percentage of their income spent on indexed items. That is, for people who spend 35%, or even 50% of their salary on indexed items, regional variances in cost of living are far more important than for people who spend 10% of their salaries on these items. Essentially, as income goes up, the significance of cost of living goes down. See http://macromon.wordpress.com/2011/02/02/how-u-s-income-groups-get-squeezed-by-food-prices/ for a pretty picture of the relevance of cost of living across income groups (for food & gas, which are often not included in indexes due to volatility). So, if you are wondering whether cost of living is overstated, perhaps it's because you are in an income group that doesn't need to worry about it as much. Whether it's overstated or not will depend on how much one makes and spends.


"Getting a mortgage for the interest write-off is like buying packs of baseball cards for the gum. That said, I'd refer you to The correct order of investing as much of that question really overlaps with this. This question boils down to priorities, the best use of the funds. There are those who suggest that a mortgage brings risk. Of course it does, just not for the borrower, the risk is borne by the lender. Risk comes from lack of liquidity. Say your girlfriend buys the house with cash, and leaves little reserve. She loses her job, and it's great that she has no mortgage. But she does have every other cost life brings, including a tax bill that can turn into a house getting foreclosed on. The details that you didn't disclose are those needed to look at the rest of the ""priorities"" list. A fully funded 401(k) with appropriate balance, and no other debt? And a 1 year emergency fund? I wouldn't argue against buying the house with cash. No real savings and passing on the 401(k) matched deposit? I'd think carefully about the longterm impact of the cash purchase."