rollover funds only mean the funds one was foolish enough to first roll into this 401(k). With no matching, and need for cash, I'd stop depositing to that account. But, from details you gave, you can't withdraw that money.


Mostly some custom work i've done myself, bayesian and time series models, but there is some pattern matching. Most TA functions such as MA's, MACD's, BollingerBands, are simple ways of doing time series analysis. MA's are basic filters. MACD is essentially a way of viewing acceleration, as its the informational difference between filters. BB's are mean reverters based on standard deviation/ RSI is a ratio of filtered up to down moves basically generating an indicator based on how strong the market has moved.


It's important to note that this 10% share price drop comes after a year in which Best Buy's stock price has risen more than 50%. It's done this by focussing on matching Amazon's prices while providing better human-to-human customer service. https://www.nytimes.com/2017/09/18/business/best-buy-amazon.html


Looking at taxes on earned income vs. investment income, you'll see a huge difference. Nearly all super rich people earn most of their income from investments, eg see Buffet - that's why his secretary pays more in taxes. Plus, there's plenty of other legal ways to legally lower tax obligations, eg deferred carry forwards on losses, etc. TLDR: duh


"is it worth it? You state the average yield on a stock as 2-3%, but seem to have come up with this by looking at the yield of an S&P500 index. Not every stock in that index is paying a dividend and many of them that are paying have such a low yield that a dividend investor would not even consider them. Unless you plan to buy the index itself, you are distorting the possible income by averaging in all these ""duds"". You are also assuming your income is directly proportional to the amount of yield you could buy right now. But that's a false measure because you are talking about building up your investment by contributing $2k-$3k/month. No matter what asset you choose to invest in, it's going to take some time to build up to asset(s) producing $20k/year income at that rate. Investments today will have time in market to grow in multiple ways. Given you have some time, immediate yield is not what you should be measuring dividends, or other investments, on in my opinion. Income investors usually focus on YOC (Yield On Cost), a measure of income to be received this year based on the purchase price of the asset producing that income. If you do go with dividend investing AND your investments grow the dividends themselves on a regular basis, it's not unheard of for YOC to be north of 6% in 10 years. The same can be true of rental property given that rents can rise. Achieving that with dividends has alot to do with picking the right companies, but you've said you are not opposed to working hard to invest correctly, so I assume researching and teaching yourself how to lower the risk of picking the wrong companies isn't something you'd be opposed to. I know more about dividend growth investing than I do property investing, so I can only provide an example of a dividend growth entry strategy: Many dividend growth investors have goals of not entering a new position unless the current yield is over 3%, and only then when the company has a long, consistent, track record of growing EPS and dividends at a good rate, a low debt/cashflow ratio to reduce risk of dividend cuts, and a good moat to preserve competitiveness of the company relative to its peers. (Amongst many other possible measures.) They then buy only on dips, or downtrends, where the price causes a higher yield and lower than normal P/E at the same time that they have faith that they've valued the company correctly for a 3+ year, or longer, hold time. There are those who self-report that they've managed to build up a $20k+ dividend payment portfolio in less than 10 years. Check out Dividend Growth Investor's blog for an example. There's a whole world of Dividend Growth Investing strategies and writings out there and the commenters on his blog will lead to links for many of them. I want to point out that income is not just for those who are old. Some people planned, and have achieved, the ability to retire young purely because they've built up an income portfolio that covers their expenses. Assuming you want that, the question is whether stock assets that pay dividends is the type of investment process that resonates with you, or if something else fits you better. I believe the OP says they'd prefer long hold times, with few activities once the investment decisions are made, and isn't dissuaded by significant work to identify his investments. Both real estate and stocks fit the latter, but the subtypes of dividend growth stocks and hands-off property investing (which I assume means paying for a property manager) are a better fit for the former. In my opinion, the biggest additional factor differentiating these two is liquidity concerns. Post-tax stock accounts are going to be much easier to turn into emergency cash than a real estate portfolio. Whether that's an important factor depends on personal situation though."


"Your real question, ""why is this not discussed more?"" is intriguing. I think the media are doing a better job bringing these things into the topics they like to ponder, just not enough, yet. You actually produced the answer to How are long-term capital gains taxed if the gain pushes income into a new tax bracket? so you understand how it works. I am a fan of bracket topping. e.g. A young couple should try to top off their 15% bracket by staying with Roth but then using pretax IRA/401(k) to not creep into 25% bracket. For this discussion, 2013 numbers, a blank return (i.e. no schedule A, no other income) shows a couple with a gross $92,500 being at the 15%/25% line. It happens that $20K is exactly the sum of their standard deduction, and 2 exemptions. The last clean Distribution of Income Data is from 2006, but since wages haven't exploded and inflation has been low, it's fair to say that from the $92,000 representing the top 20% of earners, it won't have many more than top 25% today. So, yes, this is a great opportunity for most people. Any married couple with under that $92,500 figure can use this strategy to exploit your observation, and step up their basis each year. To littleadv objection - I imagine an older couple grossing $75K, by selling stock with $10K in LT gains just getting rid of the potential 15% bill at retirement. No trading cost if a mutual fund, just $20 or so if stocks. The more important point, not yet mentioned - even in a low cost 401(k), a lifetime of savings results in all gains being turned in ordinary income. And the case is strong for 'deposit to the match but no no more' as this strategy would let 2/3 of us pay zero on those gains. (To try to address the rest of your questions a bit - the strategy applies to a small sliver of people. 25% have income too high, the bottom 50% or so, have virtually no savings. Much of the 25% that remain have savings in tax sheltered accounts. With the 2013 401(k) limit of $17,500, a 40 year old couple can save $35,000. This easily suck in most of one's long term retirement savings. We can discuss demographics all day, but I think this addresses your question.) If you add any comments, I'll probably address them via edits, avoiding a long dialog below."


And what would you believe would be the minimum level necessary to get someone to a point where they are financially literate and can make educated, informed decisions? Do you believe an online accreditation on various aspects of investing in SMEs would help address these issues or would something more comprehensive be necessary?


They wouldn't exist in the first place, the government creates them. 90% of all antitrust litigation is one private firm suing another, i.g., government created/enabled cartels. Antitrust laws do exactly the opposite of what they (supposedly) intended, and they are generally a failed and discredited policy. Any surprise? Isn't that what most government intervention does?


"It may be margin loans or credit lines given to brokerages. I have no idea what a loan book is though so don't I don't really know. Also no one ""plays"" in equity markets with borrowed money unless they know for sure what they are doing or they have collateral as in the case of margin."


In a word: budgeting. In order to have money left over at the end of the month, you need to be intentional about how you spend it. That is all a budget is: a plan for spending your money. Few people have the discipline and abundance of income necessary to just wing it and not overspend. By making a plan at home ahead of time, you can decide how much you will spend on food, entertainment, etc, and ensure you have enough money left over for things like rent/mortgage and utility bills, and still have enough for longer-term savings goals like a car purchase or retirement. If you don't have a plan, it's simply not reasonable to expect yourself to know if you have enough money for a Venti cup as you drive past the Starbucks. A good plan will allow you to spend on things that are important to you while ensuring that you have enough to meet your obligations and long-term goals. Another thing a budget will do for you is highlight where your problem is. If your problem is that you are spending too much money on luxuries, the budget will show you that. It might also reveal to you that your rent is too high, or your energy consumption is too great. On the other hand, you might realize after budgeting that your spending is reasonable, but your income is too low. In that case, you should focus on spending more of your time working or looking for a better paying job.


Hey so I'm completely new to anything financial. Have a bad habit of burning thru my money and would prefer to learn ways to make a little instead. What are some good tools that I could use to learn how to trade stocks or the best ways to get started investing? Thank you


"Sure, it doesn't, but realistically they can't/shouldn't do anything about it in their index funds, because then they're just another stock picker, trying to gauge which companies are going to do best. Their funds not all being indexes is what I was getting at with my original question. How much leeway do they have in their definitions of other funds? IE, if they had a dividend fund that included all large cap dividend paying stocks above 3% yield, they couldn't take out Shell just because of climate risk without fundamentally changing what the fund is. But if it's just ""income fund"" then they can do whatever in that space."


"As some others have pointed out, it's key to remember the difference in market value and accounting value. To simplify things, book value is the only item that specifically depreciates... it happens in the world of accounting to try to time ""when did I use a long term asset?"" with ""when did I obtain value from that asset?"" For a house, governments usually allow owners to claim depreciation of the building over a set period of time. This does not affect your resale value of the house. Similarly, for a commercial property, governments set laws for how an individual or a company can time the ""use"" of that asset vs. their accounting. Some companies can have totally depreciated (""zero cost"") assets that are still very productive. Market Property values are derived from 3 specific sources: Value in Trade is an estimate of the value that others would be willing to pay for a similar asset. That's why you can buy a house today, and in a ""normal"" market, the same house should be worth a similar amount of money in the future. Value in Use can be more interesting... this is where a farmer can extract $100,000 in value per year from 10 acres of land. But as a region develops, a manufacturing company can generate $300,000 per year from the same 10 acres of land. The company can buy out the farmer at a 'fair' price (>$100,000 per year) and still net positive from the investment. Income Approach tends to be focused on properties that have a cash flow, but can be adapted to other property estimates. It evaluates the current ""business case"" for any property with the cost of money down, the overall investment price, and the expected value from any returns. Remember, the market value is very simply, the price you could obtain if you sold the asset at a given time. It is rarely considered in terms of ""how much will this go down?"". Book value is an accounting exercise and declines by a set amount every year, because it means you can estimate the ""cost"" of owning an asset vs the value it generates in a particular time period."


"At what rate? ""Millions""? No one would start at that rate, but the mid-100k range is standard for Harvard undergrads entering finance, plus generous benefits and bonuses. But the structure in most institutions weeds most of these people out after five years. That's fine for most people, who are just trying to pay off loans, buy a house, and maybe feel secure starting a business. People who stay for 5-10 years could certainly be in the million range when bonuses and benefits are considered."


Goldprice.org has different currencies and historical data. I think silverprice.org also has historical data.


When borrowing a small sum from a bank, there's usually no collateral. i.e. no property to put a lien on, no gems put in a vault. It's a personal loan. A loan for a plane ticket for you or for them wont make a difference. If they have the borrowing ability, it's their loan. That said, if your family finances are so tight, no one can buy a full round trip ticket, you should not be taking this trip. If your (whole family) savings is not above 3-6 months living expenses, you still shouldn't take this trip.


The PMI rate is calculated at the time your mortgage is underwritten to be terminated at the point where you have 20% equity in your home. It is calculated based off of default risks based on your current equity value at the time of the loan. So if you got your mortgage before the banking crisis those risk charts have changed dramatically and not in your favor. So lets say you have a 100k home which you put 10k down so you have a mortgage of 90k. Since you have accumulated an additional 5k equity so payoff value is now 85k. If you refinance your mortgage and the home values in your area have dropped 15% you now are borrowing 100% of the value of your home. So you have higher risk from being at 100% as opposed to 90%. And the PMI is for the 20% of equity you do not have that the bank can not expect to recover. So when you originally bought the house your PMI pay out was 10k. At 85K value and 100% borrowed the PMI payout will be closer to 18k. While you may still be able to sell your home for the original value when they do the refinance calculations they use what your area has trended. If that is the case you maybe be able get an actual appraisal to use but that will come out of your pocket. *Disclaimer: These are simplifications of how the whole complex process works if you call the banker they can explain exactly why, show you the numbers, and help you understand your specific circumstances. *


"He will receive it just like any other non-spouse beneficiary you could have named. The money can stay in your 401K account if he wants to keep it there. For simplicity, your nephew will want to roll the money over to another qualified account, such as an IRA. The account must be titled in your name, for the benefit of him as beneficiary (aka, ""beneficiary IRA""). Regardless of where the money is kept, he will be required to start withdrawing the funds a little bit each year, known as the Required Minimum Distribution (RMD) and it will appear as taxable income to him each year. There is no early withdrawal penalty in this case. Optionally, he can stretch out his RMDs over his own life expectancy. He would do this to lower his potential tax obligation, and to keep the money in his account longer, hopefully growing over time. See Publication 590-B , Distributions from IRA."


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They are wrong. Agreed. The problem I have is that sooner or later you get in so much debt no one will lend money to you anymore. At that point austerity is forced on you. The increased spending comes from domestic and foreign investors. We all know how fickle the financial markets can be. If our debt gets too high and they cut off the tap, we are fucked. I don't think we are anywhere near that point now. However, things can change dramatically in the course of a few months. Political tensions, global uncertainty and social unrest could all cause enough of a panic that people start questioning the safety of U.S. treasuries. We could also see the day where everyone collectively demands the U.S. stop ripping them off with negative bond yields. Like I said, I see no indication of that now, but who knows how long it will take? I know this is a bit of a tangent, but it is clear. My solution: borrow money to improve the economy while you can but make sure that your dollars count to fixing the economy. Otherwise, you are going to be stuck with a stagnant economy AND at a serious risk of bankruptcy when the financial markets no longer see you as a wise investment. You can't save yourself from falling off of two cliffs at the same time so our politicians should stop dicking around and start looking for real solutions with the money they are borrowing instead of pissing it away on useless shit.


"The tax code is a hodgepodge of rules that are often tough to explain. The reality is that it's our Congress that writes the tax code, and they often have conflicting goals among themselves. In theory, someone said ""How about we force withdrawals at some point. After all, these are retirement accounts, not 'give your kid a huge inheritance account'."" And the discussion continued from there. The age 70-1/2 was arbitrary. 70 happens to be the age for maximum Social Security benefits. But the average retirement age is 63. To make things more confusing, one can easily start taking IRA or 401(k) withdrawals at age 59-1/2, but for 401(k) as early as 55 if you separate from the job at 55 or later. One can also take withdrawals earlier from an IRA with tax, but no penalty using Sec 72(t) rules (such as 72(t)(2)(A)(iv) on Substantially Equal Periodic Payments). To add to the confusion, Roth IRA? No RMDs. Roth 401(k), RMDs once separated from service. Since the money has already been taxed, it's the tax on the growth the government loses. My advice to the reader would be to move the Roth 401(k) to a Roth IRA before 70-1/2. My advice to congress would be to change the code to have the same rules for both accounts. Whether one agrees that a certain rule is 'fair' to them or others is up to them. I think we can agree that the rules are remarkably complex, from origin to execution. And a moving target. You can see just from the history of this site how older questions are often revisited as code changes occur."


Stock prices aren't constant; they rise and fall. The overall return on a share is the combination of the dividends paid plus the change in value of the share. Some companies pay no dividend at all yet investors still buy their shares because they believe the share price will rise. People invest in stocks because they believe that the overall return will exceed what they can get from cash in the bank. As to options they do offer higher potential profits but they also offer higher potential losses. Different investors have different appetites for risk. Many are comfortable with the risk of mainstream stock investing but not with that of options trading.


In reality, it's much more abstract than this feeble article depicts, which is why right/left winger Reddit-heroes often hop on this sub to validate their political views on the subject for themselves. Its economic ignorance to not think that how a governments taxes, and changes to those policies, affect how people & businesses behave. I don't have the answer to all the economic problems but I'm not fooled by OP's nonsense propaganda piece. My issue is with the article's false claim. >the job creation records of the 92 publicly held U.S. corporations that reported a U.S. profit every year from 2008 through 2015 and paid less than 20 percent of these earnings in federal income tax. This study looked at 2%(the 92 profitable) of 4,333 publicly traded US companies selected based on both having turned a profit seven years running & having dodged corporate taxes to make their tax payout close to 20%. Does this sample sound like the entire US 27,900,000 total companies that comprise the domestic US economy? (That's .02% rounding up-yes the decimal is in the right spot.) Even if this wasn't a flawed study from the start on selection bias, this isn't even quasi-experimental because there isn't a control group. Even a null conclusion would be invalidated without call for further inspection. The source is a left-wing think tank drawing a line from the false conclusion to a motivated source. Is this the standard of information anyone should make policy based on? This article says nothing definitive with evidence & is worthless.


Maybe someone will have more details, but a couple of things come to mind immediately:


Have you seen what it takes to be a (very highly-paid) accredited actuarial? First, you enter a class with other supremely talented math whizzes; then, you finish with close to perfect marks but they weren't perfect enough because only the most perfect of the perfect have made it!


Put €300-500 in a savings account. Or -- since you already have an emergency fund -- a medium risk fund. @Relaxed is right, though: what are your future goals? (There's more to life than buying a house... Travel, future children, etc, etc.)


I came here asking for advice because google gave me conflicting answers. I don't need a lawyer to tell me which licenses I need, I just need somebody with experience, which it's obvious you don't have for 2 reasons. 1) You would have told me already and 2) joining existing firms will result in DNC agreements which I don't want. I'd appreciate a little bit more respect and knowledgeable answers than just putting me down for asking a simple question to clarify my confusion. I am new to this sub and your attitude does not make me feel welcomed here nor to other people I'd imagine that may be new as well.


One reason it matters whether or not you're beating the S&P 500 (or the Wilshire 5000, or whatever benchmark you choose to use) is to determine whether or not you'd be better off investing in an index fund (or some other investment vehicle) instead of pursuing whatever your current investment strategy happens to be. Even if your investment strategy makes money, earning what the S&P 500 has averaged over multiple decades (around 10%) with an index fund means a lot more money than a 5% return with an actively managed portfolio (especially when you consider factors like compound interest and inflation). I use the S&P 500 as one of my criteria for judging how well (or poorly) my financial adviser is doing for me. If his recommendations (or trading activity on my behalf, if authorized) are inferior to the S&P 500, for too long, then I have a basis to discontinue the relationship. Check out this Wikipedia entry on stock market indices. There are legitimate criticisms, but on the whole I think they are useful. As an aside, the reason I point to index funds specifically is that they are the one of the lowest-cost, fire-and-forget investment strategies around. If you compare the return of the S&P 500 index over multiple decades with most actively managed mutual funds, the S&P 500 index comes out ahead.


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Fifteen thousand dollars is not a whole lot of cash. It should probably be kept liquid. To that end, savings accounts and certificates of deposit (CDs) are typically used. (There are also money market funds, but I am not sure that makes sense once trading costs are figured into the equation.) I would set some of that money aside, for an emergency fund. (Start with at least 6 months of realistic living expenses and also consider a fund for unforeseen emergencies.) I would consider using 2-3 thousand to setup a retirement account. The rest, I would place into CD ladders, so that it is somewhat accessible.


I really don't understand. Do many Greeks actually feel entitled to having the rest of Europe pay to keep them afloat without making any changes to curb corruption, fraud, or fix bloated government programs or raising taxes? It seems so simple when presented by the media Problem: Greece can't afford to run the govt or pay off its national debts Responsible Solutions: 1) Make spending cuts and try to curb govt bloat and corruption. 2) Increase taxes and make an effort to prevent illegal tax avoidance. The stories I've seen imply the people refuse to accept either approach to a solution. If they refuse both of those approaches Europe must pay to keep them afloat. It seems so ignorant and childish to me. You gotta pay for your own shit, otherwise there will be consequences.


Not a financial adviser, but I think there is some amount of debt that's ok. So I wouldn't suggest someone should go $200k into debt for a BA in English, but if you went somewhat into debt, say $30k, for a major with good job prospects and a high salary, it will probably be a good decision. Which is exactly what I did, and it worked out very well for me. I would advise students to apply to lots of schools with different entry requirements and tuition rates, just to see what their financial aid packages are like. Very often if a $50k a year school really wants you, they'll give you some scholarships to make it more affordable. If they don't give you enough, then you may just need to go to a cheaper school. edit: also, if your family isn't wealthy (like mine) you'll often qualify for federal loans. My loans from 2012 are at 3.5% interest, and my financial adviser is telling me to make the minimum payments so I can put more money in stocks.


For the skeptical, this stuff works. Much of Ren Tech's initial edge was probably based on NLP given Simons' academic background, Leonard Baum and the IBM NLP team that they poached. However, this space is extremely saturated and there's very little edge to be gained especially if you're using open source python libraries.


Yes. If you reply back, they'll confirm that Uncle Alex did indeed leave you $7 million, and you just need to send them a few thousand dollars for taxes and estate fees and then they'll wire you the money. And then there'll be customs fees. And then more taxes. And of course, there will be separate import fees. And so on until you run out of money.


What they are doing is not illegal. There is a plan under consideration to charge micro-payments to place and cancel an order, rather than on just executed orders but it will need to go through review and approval. http://www.tradersmagazine.com/issues/25_335/Exchanges-Set-to-Tax-Heavy-Quoters-109941-1.html


This article is misleading in it's universality of its findings. It does have a control group, which is a good start, but the findings are based on call-center employees whose functions are almost perfectly suited for remote work. In a way, we already knew this because of how much call-center work is outsourced and outside of provincial management (in other words, most companies don't bother housing customer service call centers at company headquarters). Let's see them try to replicate those results with other industries. Treating the ability to work from home as a panacea is just as foolish as believing that workers can't ever be remote. The truth is that individual personalities and, more importantly, an individual's work functions are better suited for remote work than others and it takes good management to understand why they take the strategy they take with regards to remote work. All in all, the study might be a good case study for encouraging remote work among call-center employees, but any further extrapolation of that for other industries is going to be a baseless claim influenced by personal agendas.


Everyone has failures. Failures are how we learn as humans. We literally have to fail over and over again in order to learn how to walk. Yes Steve Jobs had failures in business, and those failures ultimately led to him forever changing the world. I don't know him personally, so I can't say how he was with other people or his family. However, I did read in Ed Catmull's book Creativity that he developed into a great leader with compassion for others as the years went on. Other than that, I totally agree with you about what true leadership means.


You don't say how long your mortgage has to go until it's paid off, but presumably it's only five or ten years. Hopefully that means your payments now represent a smaller fraction of your income than they did ten years ago. That means your risk level may have changed. How bad would it be for you if your mortgage payments went up by 50%? Would it be disastrous, or could you survive by some means. If higher mortgage payments wouldn't break you, now may be the time to look at a variable rate mortgage. Variable rates are typically than fixed rates on average, because you are assuming some of the risk. Rates are probably going up over the next five years, but they are probably going to be less than 4.75% on average - otherwise the banks wouldn't be offering 4.75% 5 year fixed rates. The downside is that rates MIGHT go up to much more than 4.75%. So you need to be in a position where you can take the worst the markets might throw at you - but if you can, then on average you will come out ahead.


This depends on the particular index, of course. Capital gains taxes occur when stock is sold (for a profit). This occurs less frequently in an index fund: Where an active manager frequently buys and sells stocks (after all, he wants to be active :-) ), the index fund only sells stocks when the particular stock leaves the index. For an index such as the S&P 500 this does not happen that often. The more specific the criteria of the index fund, the more often the selling of stock and thus the need to pay capital gains taxes occurs.


It appears your company is offering roughly a 25% discount on its shares. I start there as a basis to give you a perspective on what the 30% matching offer means to you in terms of value. Since you are asking for things to consider not whether to do it, below are a few considerations (there may be others) in general you should think about your sources of income. if this company is your only source of income, it is more prudent to make your investment in their shares a smaller portion of your overall investment/savings strategy. what is the holding period for the shares you purchase. some companies institute a holding period or hold duration which restricts when you can sell the shares. Generally, the shorter the duration period the less risk there is for you. So if you can buy the shares and immediately sell the shares that represents the least amount of relative risk. what are the tax implications for shares offered at such a discount. this may be something you will need to consult a tax adviser to get a better understanding. your company should also be able to provide a reasonable interpretation of the tax consequences for the offering as well. is the stock you are buying liquid. liquid, in this case, is just a fancy term for asking how many shares trade in a public market daily. if it is a very liquid stock you can have some confidence that you may be able to sell out of your shares when you need. personally, i would review the company's financial statements and public statements to investors to get a better understanding of their competitive positioning, market size and prospects for profitability and growth. given you are a novice at this it may be good idea to solicit the opinion of your colleagues at work and others who have insight on the financial performance of the company. you should consider other investment options as well. since this seems to be your first foray into investing you should consider diversifying your savings into a few investments areas (such as big market indices which typically should be less volatile). last, there is always the chance that your company could fail. Companies like Enron, Lehman Brothers and many others that were much smaller than those two examples have failed in the past. only you can gauge your tolerance for risk. As a young investor, the best place to start is to use index funds which track a broader universe of stocks or bonds as the first step in building an investment portfolio. once you own a good set of index funds you can diversify with smaller investments.


"You're perfectly correct, but it's kind of weird to me. I *kind of* get the point behind the result of the USADA ruling, which would presumably be that ""if you cheated at one sport, you'll cheat at another"", but it's just a little strange that just because you doped as a cycler, you can't run a marathon or try to join the Pro Bowlers' Association."


well yes but you should also begin to understand the sectoral component of real estate as a market too in that there can be commercial property; industrial property and retail property; each of which is capable of having slightly (tho usually similar of course) different returns, yields, and risks. Whereas you are saving to buy and enter into the residential property market which is different again and valuation principles are often out of kilter here because Buying a home although exposing your asset base to real estate risk isnt usually considered an investment as it is often made on emotional grounds not strict investment criteria.


As a what? You ain't shit no matter what you think. Going to school is easy. Thinking that is supposed to impress people is sad. You accept that you have no power and let that be your excuse. I accept that I do have power and I need to work toward my goals.


"Yeah. The whole Russia thing is clearly a wash at this point. And his younger playboy antics don't really seem to generate much outrage -- or at least enough outrage to get him in any serious trouble. Honestly, at this point the democrats need to focus on getting grandma Clinton out of the spotlight and grooming Warren (who IMHO could win it) or whoever their next candidate will be. This whole ""find dirt on Trump"" thing doesn't seem to be very productive."


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In the U.S., most car dealers provide lease financing through one company (usually a subsidiary of the auto manufacturer). Whereas they provide loan financing through a variety of companies, some of whom offer very high interest rate loans and sell the loans as collateralized debt obligations (CDOs). Have you checked whether Chase or First Tech Credit Union offers a suitable car lease?


I've skimmed through the answers given and I'd like do add another possible scenario. I've recently heard about this exact thing happening to someone only the money originally was a loan taken in the receivers name. 1) Scumbag finds out personal data – including social number, bank account and phone – of Innocent Victim. 2) Scumbag takes out a loan in the name of Innocent Victim. The money are sent to IV's account. 3) Scumbag calls IV saying 'Oh, I've made a mistake, blah, blah, yada, yada. Could you please send the money back to me? My bank account is...' 4) Innocent Victim, being the good guy that he/she is, of course want to help out and send the money to Scumbag. 5) Scumbag makes a cash withdrawal and is no longer anywhere to be found and Innocent Victim is left with a loan but no money.


"Nobel laureate economist, Paul Krugman, wrote a piece many moons ago about economic expansion and money supply. As an illustration of how money supply affects the economy, he used the example of a baby-sitting co-op. While simplistic, it provides an easy to grasp notion of how printing money and restricting it (e.g. by pegging the currency to gold reserves) can affect the economy. Here is an excerpt from his webpage ( http://web.mit.edu/krugman/www/howfast.html ): ""With the decline of the traditional extended family, in which relatives were available to take care of children at need, many parents in the United States have sought alternative arrangements. A popular scheme is the baby-sitting coop, in which a group of parents agree to help each other out on a reciprocal basis, with each parent serving both as baby-sitter and baby-sittee. Any such coop requires rules that ensure that all members do their fair share. One natural answer, at least to people accustomed to a market economy, is to use some kind of token or marker system: parents ""earn"" tokens by babysitting, then in turn hand over these tokens when their own children are minded by others. For example, a recently formed coop in Western Massachusetts uses Popsicle sticks, each representing one hour of babysitting. When a new parent enters the coop, he or she receives an initial allocation of ten sticks. This system is self-regulating, in the sense that it automatically ensures that over any length of time a parent will put in more or less the same amount of time that he or she receives. It turns out, however, that establishing such a token system is not enough to make a coop work properly. It is also necessary to get the number of tokens per member more or less right. To see why, suppose that there were very few tokens in circulation. Parents will want on average to hold some reserve of tokens - enough to deal with the possibility that they may want to go out a few times before they have a chance to babysit themselves and earn more tokens. Any individual parent can, of course, try to accumulate more tokens by babysitting more and going out less. But what happens if almost everyone is trying to accumulate tokens - as they will be if there are very few in circulation? One parent's decision to go out is another's opportunity to babysit. So if everyone in the coop is trying to add to his or her reserve of tokens, there will be very few opportunities to babysit. This in turn will make people even more reluctant to go out, and use up their precious token reserves; and the level of activity in the coop may decline to a disappointingly low level. The solution to this problem is, of course, simply to issue more Popsicle sticks. But not too many - because an excess of popsicle sticks can pose an equally severe problem. Suppose that almost everyone in the coop has more sticks than they need; then they will be eager to go out, but reluctant to babysit. It will therefore become hard to find babysitters - and since opportunities to use popsicle sticks will become rare, people will become even less willing to spend time and effort earning them. Too many tokens in circulation, then, can be just as destructive as too few."" -- Paul Krugman, 1997 (accessed webpage 2010)."


Um, wut? It took a failure for the SIFI to be defined in the first place. It took the failure of Lehman and Bear Stearns for the US goverments to actively attempt precluding *any more failures* of what were yet-to-be-called, SIFI's. Is this really such a hard concept to grasp? Largely unforeseen failure first, further failure avoidance second.


Perhaps it seems harsh, but I would get separate accounts: credit cards, savings, retirement, all the way down the line. Your only joint account should be for paying mortgage/rent and other bills. And as another poster said, delete all your saved info from browsers &c. Perhaps you even need to set up separate user ids. If this really is a case of compulsive spending, curing it is likely to be a long, hard process, if it's even possible. You need to put yourself in a position where you won't be dragged down with him.


A lot of stores, especially smaller ones, won't accept card payments under $10.00. They pay a fee for taking cards and for small transactions it is not worth it.


exactly, if it was just some other douche like prestigious pete, fine - but the site has gone out of their way to make her posts front page material and to make her a certified user. Fucking stupid.


There are two basic types of lines of credit typically offered at a retail bank: Overdraft line of credit is essentially a revolving personal loan that you can draw upon as needed or automatically draw on when you overdraw on your checking account. Typically with a commercial bank there is a fee to use the automatic overdraft in addition to interest. Some credit unions don't charge a fee. Interest is typically computed using average daily balance. A Home equity line of credit is a revolving loan that is secured against your home. Interest on home-improvement related expenses is deductible. Since the bank gets a lien on your home, the rates are low. Sometimes you can even get debit cards that will hit the line. I think these are a good idea if:


Some backstory before my questions. I am a First year student in the UK (course: Finance and Investment). In the future I would like to get into IB or PE. I already have CISI and CFA exams on my radar. My questions are: 1) With the recent boom in cryptocurrencies should I start researching how they work and what are the future prospects of investing in them? Do you think it will become mandatory by 2020? Are GS employees currently working their butts off to learn as much as possible about it and how to profit? 2) What is the best way to network? Should I focus only on insight days,applying for shadowing/internships etc. Is cold-calling worth it? 3) Do actual people work in Clearing Houses? If so, what are the career prospects there? 4) Can someone give me a real life example (in the form of eli5) about how financial institutions use swaps and futures? 5) I recently picked up “Lords of Finance” as a book for my spare time. I am genuinely intrigued but I was told that I am wasting my time and in the future it wont do me any good because no one will know I read it? I am well aware most of these questions are basic but It will be very helpful if I even get one question answered. If some of these questions have already been answered please give me a link. Thank you in advance


"Property taxes, where they exist, are generally levied by cities, counties and other local-level administrative bodies like MUDs, and are the primary source of revenue at these levels of government. These taxes pay the lion's share of the expenses for basic services provided by a city or county: There are federal dollars, other revenue sources (State lottery revenues often go toward public schools for instance), and ""usage fees"" (vehicle registration, utility bills, toll roads) at play as well, but a lot of that money covers larger-scale infrastructure development (freeways/interstates) and specialized ""earmarks"" (political backscratching involving this bridge or that dam in a Congresscritter's home district, a few national initiatives from the President's budget like first-responder technology upgrades for improved disaster/terrorism readiness). Property taxes are the main funding for the day-to-day government operations at the most visible level to the average resident. The theory behind using a property tax instead of some other form of taxation (like income) is that the value of the property and the quality of services provided to the resident(s) of that property are interrelated; the property is valuable in part because the infrastructure is well-maintained and nearby schools/hospitals are good, and by the same token, affluent residents expect high-quality services. Property taxes are also easier to levy, because most of the work can be done by the tax assessor; monitor recent sale prices, do drive-bys through neighborhoods, come up with a number and send the resident the bill. That's opposed to sales taxes which businesses operating in the jurisdiction have to calculate, collect and turn over, or income taxes which require residents to fill out paperwork to calculate how much they owe. The justification is eminent domain. It's very simple; when you buy land in the U.S. and a State thereof, you are still a citizen and/or resident of that State and the U.S., and subject to their laws. You're not creating your own country when you buy a house. As such, the government charges you for the facilities and services they provide in your area and your State, which are then your privilege to use. Obviously roads aren't free; a one-mile stretch behind my house is costing the county $15 million to expand it from 2-lane to 4-lane. Here's the kicker; you've already been paying these taxes. You think your landlord's just going to take the property taxes for the whole apartment complex on the chin? He's out to make money, and doing that requires charging a sufficient amount to cover costs, including taxes he incurs. You just never see ""allocated property taxes"" as an item on your rent statement, just like you don't see ""allocated landowner mortgage"", ""allocated facilities maintenance"", ""allocated gross margin"" etc. You know you're getting shafted, paying someone else's financing with a little extra on the side to boot. That's why you want a house. Unfortunately, not being able to pay these taxes is a grim reality for some people, old and young, and government generally doesn't go easy on delinquent homeowners. After medical bills and mortgage delinquency, property tax delinquency is the number three reason for bankruptcy, and only a mortgage or property tax delinquency can cause your home to be seized and sold. Well that and using it for criminal enterprise, but unless you're running a meth lab in your half-million-dollar home or financing it with coke money I wouldn't worry about that score. Retirement planners figure property taxes into cost of living, and they do often advise a downgrade from the 2-story house you raised your children in to something smaller (for many reasons, including lower taxes). There really isn't a way to structure a completely ""pay-as-you-go"" metropolitan area, and you wouldn't want to live in it if there were. Imagine every strip of asphalt in the county being a toll road where your transponder (TollTag, EZ-Pass, etc) or license plate was scanned and you were billed at each intersection. In addition to being a huge invasion of privacy, the cost to maintain this network (and your cost to use it) would skyrocket. Imagine 911 asking for a credit card number before dispatching police, fire or EMS (Ambulance services already do bill on a per-event basis, but you'd be surprised how few people pay and how little power a county EMS has to enforce collection; without a property tax and Medicaid to cover the difference, EMS service could not be provided in most counties)."


The fees for Vanguard and Fidelity IRA housing cannot be lower, because they are zero. Depending on the fund you invest in, one or the other will have pretty low fees and are often the lowest in the industry. I don't qualify for TIAA-CREF, but my mother does and she loves them. She can call up and get some advice for free. I would not qualify it as the best advice in the world, but it certainly isn't horrible. So it really depends on what you are looking for. If you want a little investment advice, I would go with TIAA-CREF. If you are a do it yourself-er go with Vanguard.


That is a pretty sweet setup. The few months I was on contract with an oil company they had a similar arrangement, although not quite as good as that. This is a different situation though. I'm sorry, but I don't think that as many people can do what needs to be done on an oil rig as can be trained to be a cop. I personally don't think they should be compensated at that level.


Agree the hype is extreme. Still disagree that Denver is similar to Boise. Look at startup investment. Look at angel investor communities in Denver/Boulder vs Boise. Look at the general maturity of the economy. Again I agree it's hyped because incoming residents have been insane since marijuana went legal. But it's definitely a different town and economy then Boise in your example.


It seems that you're asking for a legal/tax advice, and I vote to close the question as off-topic for that. This is not the place. But on the second thought, I will share some of the ideas I have, provided of course that you will not consider them as any sort of tax advice whatsoever, and will not rely on it for any tax planning without verifying with a licensed professional. Taking 401k money out just like that means that you are going to pay your taxes on that money plus additional 10% penalty. As @JoeTaxpayer said, this rarely makes economic sense. However, taking 401K money out to pay your medical bills (which would otherwise be deductible, pay attention to the nuances) doesn't trigger the penalty. It looks like in your case you might (unfortunately) have a chance to use this provision. Another case when you can withdraw money without penalty is disability, which according to what you describe is, unfortunately, a situation you're very likely to find yourself in. Also, you can withdraw funds as income for a substantial period of time, and under certain conditions it will not be subject to the 10% penalty. Of course, leaving it to the beneficiaries, as mentioned by others, is another and very valid option. See publication 575 for specific details, and be sure to consult a tax professional before doing anything.


Err, isn't this article simply stating the obvious? I've been working for the last 18 years and I know those signs by heart, seen them on others, and on me even... The manager who can not spot those signs deserves to be deserted, the problem is with the manager who spots those signs and does nothing!


NAEDO debit order collections permit creditors collecting up to R15, 000 per debit instruction and run in a preferential manner on a random basis before the standard EFT debit order run. This ensures that every creditor stands an equal chance of successfully collecting the funds without much delay or hassle.


"Honestly i just want a place i can chat casually with other professional with regards to technical and general topics in the field. No country-specific politics unless it materially changes the financial playing field. With regard to keeping this sub effective at it's purpose, why not do what WSO and ""validate"" members through a certain private process? Not sure how you would validate people like entrepeneurs and day traders, but it may be a good way to do it."


I won't be able to model stock prices using this information. The pros aren't likely to use Google as much. Even the casual investor is likely to have his own habits. For example, I've come to like how Yahoo permits me to set up a portfolio and follow the stocks I want. And the information that interests me is there, laid out nicely, price, history, insider trades, news etc. But your effort probably still has some discovery value, as it will help you understand when interest in a company suddenly swells above normal. Nothing wrong with a good project like that. Just don't expect to extract too much market-beating success from it. The pros will eat your lunch, take your money, and not even say thanks. Welcome to Money.SE.


"This ignores that physical stores are losing market share at an accelerating rate. Yes, if we freeze time now and pretend things will always be this way, brick and mortar has ""only"" lost 10% of their sales revenue. But a big reason people opt for the store is because they receive their purchases instantly. Same-day delivery, combined with technologies like self-driving and drone delivery, will give online stores low- or no-fee instant gratification, on top of lower prices, no traffic and no gas costs. Online stores will continue to gain market share."


I never intended to get into a big debate on taxation. My point was that a buyback is the sane as a divided. Would you agree to that? Here's an interesting test. Does he have the same problem with dividend producing stocks? If he does then how else are firms supposed to give s return to investors? (Don't even think about saying through price appreciation because I'm sure you also have a rant for the drive for stock price.) This isn't a do we tax or not. That's overly broad for this piece. Also he isn't talking about taxing away profits but using taxes to cause businesses to make investments. Wouldn't you agree that if that extra factory was unproductive if it wouldnt have had an economical case to be invested in otherwise? Issuing taxes as a blunt tool to cause businesses to throw money at random projects is about the definition of misallocation. Can we agree to this, absent a taxation debate i generally avoid like the plague? You really are in a corner on how a company effectively passes a return to those who invested in them without subverting the whole pricing mechanism. Unless that is your point to do. Government control for all investments yeah!


This letter sets out the general purpose of the business together with the market, technical, financial and organizational studies. Items such as marketing channels, price, distribution, business model, engineering, location, organizational chart, capital structure, financial assessment, sources of funding, buy a business in florida is generally considered that a business plan is a living document, In the sense that it must be constantly updated to reflect the unforeseen that necessarily arise in the process of creation and consolidation. With your selection method, company philosophy, legal aspects, and your exit plan.


"Even if the price of your home did match inflation or better — and that's a question I'll let the other answers address — I propose that owning a home, by itself, is not a sufficient hedge against inflation. Consider: Inflation will inflate your living expenses. If you're lucky, they'll inflate at the average. If you're unlucky, a change in your spending patterns (perhaps age-related) could result in your expenses rising faster than inflation. (Look at the sub-indexes of the CPI.) Without income also rising with inflation (or better), how will you cope with rising living expenses? Each passing year, advancing living expenses risk eclipsing a static income. Your home is an illiquid asset. Generally speaking, it neither generates income for you, nor can you sell only a portion. At best, owning your principal residence helps you avoid a rent expense and inflation in rents — but rent is only one of many living expenses. Some consider a reverse-mortgage an option to tap home equity, but it has a high cost. In other words: If you don't want to be forced to liquidate [sell] your home, you'll also need to look at ways to ensure your income sources rise with inflation. i.e. look at your cash flow, not just your net worth. Hence: investing in housing, as in your own principal residence, is not an adequate hedge against inflation. If you owned additional properties to generate rental income, and you retained pricing power so you could increase the rent charged at least in line with inflation, your situation would be somewhat improved — except you would, perhaps, be adopting another problem: Too high a concentration in a single asset class. Consequently, I would look at ways other than housing to hedge against inflation. Consider other kinds of investments. ""Safe as houses"" may be a cliché, but it is no guarantee."


I agree. My point was that obtaining a degree for the benefit of having a degree will no longer be the accepted next step after high school. Degrees won't disappeared outright . Still the loss of money to higher education will still cause problems.


> He {Trump} praises steelworkers, speaks wistfully of coal mining, and tweets boastfully about new manufacturing factories yea, presidents before Trump allowed 66,000 factories to close and be confiscated by China. 66,000 x jobs = a lot of American might gone...hence Trump talking steel, mining etc


"If you're curious, here are my goals behind this silly madness You said it... The last two words, I mean...:-) If you're auditing your statements - why do you need to keep the info after the audit? You got the statement for last month, you verified that the Starbucks charge that appears there is the same as in your receipts - why keeping them further? Done, no $10 dripping, throw them away. Why do you need to keep your refrigerator owner's manual? What for? You don't know how to operate a refrigerator? You don't know who the manufacturer is to look it up online in case you do need later? Read it once, mark the maintenance details in your calendar (like: TODO: Change the water filter in 3 months), that's it. Done. Throw it away (to the paper recycle bin). You need the receipt as a proof of purchase for warranty? Make a ""warranty"" folder and put all of them there, why in expenses? You don't buy a refrigerator every months. That's it, this way you've eliminated the need to keep monthly expenses folders. Either throw stuff away after the audit or keep it filed where you really need it. You only need a folder for two months at most (last and current), not for 12 months in each of the previous 4 years."


Yes, do not consider the CFA Program unless you are a fourth year university student - even then it is an over achievement at that moment in one's career. That being said, saying you are sitting for the CFA Level I exam in the future can be a differentiator for competitive entry level jobs out of undergraduate.


"This is the best tl;dr I could make, [original](https://priceonomics.com/how-much-are-people-making-from-the-sharing/) reduced by 88%. (I'm a bot) ***** > We analyzed anonymized data from Priceonomics customer Earnest, a loan provider, and examined tens of thousands of loan applicants to see how much people are earning on side-gig platforms and how these platforms stack up against each other. > We do not know how many hours of work the income represents for each platform, as each one has a unique pricing and commission structure. > Making an average of $924 off their platform each month, Airbnb hosts make nearly three times as much as other workers. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6p7c9t/how_much_are_people_making_from_the_sharing/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~174231 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*: **work**^#1 **platform**^#2 **income**^#3 **month**^#4 **company**^#5"


How do I report this on our income tax return? You should include it on Line 7 of your Form 1040. Additionally, you should report the extra payment to your employer if it was greater that $20. You can use From 4070 to do this if your employer does not provide you with a form. And finally, you are right, you should Form 4137 to report any tips that you include on your Form 1040 in order to pay the required social security and medicare taxes. Credit is due to glibdud and Nathan L for constructive feedback! Thanks!


Depending on how much you drive, they might be in the same range as far as cost of ownership goes. I've seen a few salesman for which it was cheaper to get a Tesla than a mid size car like the Fusion of the Camry.


I moderate in r/finance and this is completely on the moderators. They should disallow purposefully inflammatory nonsense. This would prevent the r/politics bleed over and might help this place become bearable. The best part is that the second bullet on the sidebar is '/r/business is not the place for stories about the government's economic policies or corporate corruption' yet there are constantly links about so and so CEO fiddling with his compensation or shareholders suspecting fraud, etc.


Here, you can get a professional recommendation approximately any most important issues and the way they may affect the belongings over time. We offer you better inspection carrier all of that, it's miles an Australia's maximum trusted employer. We will offer you and your property agent with assets to help marketplace the document as one of a number of techniques that permit you to control the sale technique of a pre sale inspections. As one among a number of strategies that let you manage the sale technique. We tell you the real condition of the interior and exterior of the building.


As someone who works on the sell side, I can tell you you're partially right. Yes, we do make money off of trades (so just getting people to trade gets the company money) but we do try to be right. We like to look at overall trends with growth projections and earnings estimates, and (as long as the analyst isn't a bad one) will try to get the right answer. Often, we try to present different angles to the research and aren't afraid to go out on a limb--so that you'll read it. We like being right though. The reason we like to be right and make people understand that we know what is going on is simple: a company won't respect research if it's bullshit. And that goes for trading and buy side firms, but also from the companies involved in the research. For an investment bank, a large chunk (often over 50%) of revenue comes from M&A deals, and often a company will choose to do a deal with companies they know will give a good value-that come's from their first experience with the company-equity research. So yes, we don't like to beat up on companies, but we do want to be right. If the analyst has that bad a rate of success, he's probably pretty bad or you're looking at an industry where nobody saw some huge shift coming. Edit: Oh, and analysts can't buy or sell any company in their sector (I think this is industry-wide, not just my firm)


It's a lot of conjecture but definitely take a look at the Australian economy. Their minimum wage is over $12 an hour and prices have reached an equilibrium with that number as their starting point. Money is all relative, there aren't easy solutions for low skilled labor besides subsidizing their lifestyle. Too early to source stuff.


"Political instability and general inability of the government to control crime, economomy, or even remain in existence, would be my greatest worry. I wouldn't want my bank account to randomly disappear, criminals to come take my stuff and/or life by force because nobody is going to stop them, or a hoarde of revolutionaries appearing at my door telling me ""get lost, the times they are a-changin"". On a whim, I tried to compare instability to cost of living. I used lowest monthly disposable income as my correlation to cost of living and the Fragile State index to measure instability. I picked the 55 lowest to get the countries with $500.00 (usd) and lower in monthly income. Those countries average out to 83.42 on the Fragile State index, which would be in the ""Very High Warning"" range and includes 18 countries in the ""Alert"", ""High Alert"", or ""Very High Alert"" status. Obviously, there is some subjectivity in an attempt to measure something in as broad a term as ""fragile state"", but it illustrates it's point well enough. Sources: http://en.wikipedia.org/wiki/List_of_countries_by_Fragile_States_Index http://www.nationmaster.com/country-info/stats/Cost-of-living/Average-monthly-disposable-salary/After-tax"


Perfect competition would not be the outcome you want from this model, nor does it imply what you posit. It implies that there will be infinitely many firms, with free entry/exit, making zero profits. Bonds would then become a reason for exit if you had heterogeneous firms (but in perfect competition this is unlikely). In fact in equilibrium no would (probably) issue bonds. What it seems like you want is some sort of structured oligopoly, or a regulated cartel separated into regions. This might generate the bond market you have in mind, but it still does not take into account the relative risk of the bonds.


Here's a nice middle ground: give everyone who falls under DACA full citizenship ~~and is~~ *provided they are* employed*, are in school,* or ~~is~~ *are* actively seeking employment, and then repeal DACA. Edited for clarity.


This kind of thing is right up my ally. I am based in Australia so suggestions will be Australian based. I was looking at starting up a private consultancy. Basically use neto as your ERM and online website. link in to xero for accounts. Netos predictive inventory module tells you when to restock on raw materials.


> The state is heavily involved in American health care, an enormous component of why it is so expensive and inaccessible. No - the reason is it so expensive and inaccessible is because it's not fully nationalised. In the UK we pay **less** for NHS than you do for your medicare, per capita. The US has the worst of all systems. > The latter quoted accusation does not make sense, and that was exactly Bastiat’s point. It makes no sense as an analogy either.


Speeding and distracted driving are among the most common reasons for getting a traffic ticket. Consult with Stephen G. Price, a seasoned defence lawyer in Langley, if you need help in defending your rights and preventing your license from being revoked.


I'm not sure if there are nuances between countries and appreciate your question is specifically about the US, but in the UK, mobile phone contracts, including SIM only, as seen by the chat in this experion website chat shows that mobile contracts are included in credit ratings for 6 years.


Please stay on topic. I haven't said anything about negotiation power. But to answer your question, the employer is the one that needs a position filled, not the potential employee. If a potential employee doesn't like the wage offered, he can go apply elsewhere. How is this unbalanced?


There was one nugget in this pretty bad article. Lowering taxes on the investor class - specifically on capital capital gains does not in itself spur investment if there is not growth in the overall economy. What it does do is spur short term speculation since capital gains taxes are only levied on the sale - it's cheaper to buy/sell, buy/sell, etc.


Looking through his post history, it seems all he does is hit up Internet strangers for advice on his business. I don't see it there, but I vaguely remember a post he had on either here or r/personalfinance that didn't go his way. On topic: if it were me, I'd want no less than 60% of the company. If I'm fronting 100%, it's *my* risk, while you have zero.


Depending on your perspective of it, I can see reasons for and against this idea. Only with the benefit of hindsight can one say how wise or unwise it is to do so. Earlier in my career, I invested and lost it all. Understand if you do buy when would you be able to sell, do you have to have an account with the underwriter, what fees may there be in having such an account, and would there be restrictions on when you could sell.


First, if your account has been closed you should not be able to use your debit card in any format. As you mentioned that you are able to use that so your back account is active. So this indicates it is a scam In case account is closed, bank confirms your address and will send you a cheque for the amount in your account. Don't worry. You money will never be lost


"You will always pay the 10% penalty and the income tax on the money, so even if you withdraw amounts below the taxable limits - you still pay 10% tax. However, you can probably offset that from your Indian tax liability on the money. If you convert it to Roth - you should check with an Indian tax accountant/adviser what the Indian tax treatment would be. It is likely that ""Roth"" advantages are unrecognized by foreign countries, so you may end up paying taxes on both the conversion (in the US) and the distribution (in India). Check with a tax adviser who's knowledgeable about the Indo-US tax treaty and the tax laws in both the countries, this may be trickier than people with no international tax experience may think."


>you can have the exact same scenario I described above in a competing currency system. Not for a lengthy period of time, or in massive amounts (as we see today). >Typically the Cantillion Effect has bankers disadvantaged because they get their interest payment after the inflation effects prices. It is the primary loan receiver who gets the best value. I encourage you to watch this short video, to understand how the transfer of wealth to bankers occurs: http://www.youtube.com/watch?v=hx16a72j__8


"Am I being absurd? No. Should I be worrying? Yes. If I sell in the morning, I've only lost a couple hundred dollars, and learned a valuable lesson. Is there any reason to believe it won't be that simple? If you're lucky, you'll be able to dump your stocks to someone like you who'll be punching himself in the face tomorrow night. If not - you're stuck. You may end up selling them to your broker as worthless. You might have become a victim of a ""pump and dump"" fraud. Those are hard to identify in real-time, but after been burned like that myself (for much lesser amounts than you though), I avoid any ""penny"" stocks that go up for no apparent (and verifiable) reason. In fact, I avoid them altogether."


In cases like this you should be aware that tax treaties may exist and that countries are generally willing to enter into them. Their purpose is to help prevent double taxation. Tax treaties often times give you a better tax rate than even being a resident of the countries in question! (For instance, the Italy to US tax rate is lower than simply doing business in many United States) This should guide your google search, here is something I found for Germany/Spain http://tmagazine.ey.com/wp-content/uploads/2011/03/2011G_CM2300_Spain-Germany-sign-new-tax-treaty.pdf It appears that the dividend tax rate under that treaty is 5% , to my understanding, the income tax rates are often multiples higher! I read that spain's income tax rate is 18% So what I would do is see if there is the possibility of deferring taxes in the lower tax jurisidiction and then doing a large one time dividend when conveninet. But Germany isn't really known for its low taxes, being a Federal Republic, the taxes are levied by both the states and the federal government. Look to see if your business structure can avoid being taxed as the entity level: ie. your business' earnings are always distributed to the owners - which are not germany citizens or residents - as dividends. So this way you avoid Germany's 15% federal corporate tax, and you avoid Spain's 18% income tax, and instead get Spanish dividends at 5% tax. Anyway, contact a tax attorney to help interpret the use of the regulations, but this is the frame of mind you should be thinking in. Because it looks like spain is willing to do a tax credit if you pay taxes in germany, several options here to lower your tax footprint.


Interesting. See I thought that it was just me that didn't go to McDonald's and that many other people (the majority) still go. But, no. The reason I don't go is because of the unhealthiness. Now I will go if it's a last resort. After all, I actually like the food! It's good old fast food. I'm noticing all these top comments about the food being terrible and nasty, but I love it. Even though the quality is very poor.


The issue is how likely you will have zero income for six months, and what are your monthly expenses. If you know the maximum medical bill you face that may allow you to save a smaller amount. But you still have to protect for that loss of income. The interuption could be because of job loss, medical emergency, or other family crisis. If I told you that the chances you would face a crisis dropped by 50%, would you decide that the need for an emergency fund went away? Or would you still create a fund? I think the need still exists just to avoid the downside if you aren't prepared.


"I don't know if it counts as a formal answer, but Dale Carnegie has always preached that income is related to how well you treat and get along with other people. His observation is that the highest paid people are those with the best people skills, because the ability to manage other people has higher value than singular ability. Conversely, people making minimum wage often work ""harder"" than people making more money. The old saw about ""work smart, not hard"" is a bit trite. In many fields, efficiency is valued over ""hard work""."


"In this instance ""quotational"" is a reference to a market price quote, not a mathematical function. Staunch ""value investors"" like Graham, Dodd, Munger, Buffett et al. believe there is a material difference between what security is ""worth"" and what the current market mood quotes as its price. You, the investor, perform your analysis then derive a value for a security. If there has been no material change to an aspect of the security you analyzed then there hasn't been a change in that security's value, even if there has been a decline in the price quoted by the market, that is a ""quotational loss."""


"You're hearing alot of talk about housing (and by implication property) not being an investment today because on the downside of a market, the conventional wisdom is to be negative about buying things that have lost value. Just as it was dumb to listen to your coworker about hot .Com IPOs in 1999, it's dumb to listen to the real estate naysayers now. Here's another question along a similar vein: Were stocks a good investment in the spring of 2009? The conventional wisdom said: ""No, stocks are scary! Buy T-Bills or Gold Bullion!"". The people who made money said: ""Wait a second, Goldman Sachs is down like 75%? IBM is down like 30%, are they going anywhere? Time to buy."" The wrong house is a poor investment in any economy. Buying a house in Detriot in 1970 was not a good move. Buying a house that needs $50k in work, not a good move. Buying a condo with a bankrupt HOA in Florida is not a good idea. But a good house that is well cared for is a great investment. I'm living in a house right now that is 80 years old, well maintained and affordable on a single income. A similar home a few blocks away sold in May for the same price as we paid in 2006. I'm paying about 20% less than I would for an apartment, and we'll think about moving in 2016 or 2017, by which time I'll probably have put $30-50k into the house. (Roof, kitchen, exterior painting, minor renovation)"


I like Keshlam's answer and would like to add a few notes: While your enthusiasm to invest is admirable learning patience is a key aspect of wealth building and keeping.


"It looks like the HST will be in effect in Ontario on July 1st, 2010. As to whether it will replace GST with HST for all services, it looks like some sectors may get special treatment: Ontario may exempt mutual funds from HST (National Post). But it doesn't look final yet. However, I would suggest that most service-based businesses in Ontario need to prepare to start charging 13% HST instead of 5% GST. It will be the law. On the ""goods"" side of the new harmonized tax, it looks like certain goods will still be exempt from the provincial portion. Here's a quote from the Ontario Budget 2009 News Release: ""Books, diapers, children's clothing and footwear, children's car seats and car booster seats, and feminine hygiene products would be exempt from the provincial portion of the single sales tax."" Here's some additional information on the introduction of the HST, from the province: General Transitional Rules for Ontario HST. And finally, another interesting article from the Ottawa Business Journal: Preparing For Ontario Sales Tax Harmonization – It's Not Too Early UPDATE: I just received an insert from Canada Revenue Agency included with my quarterly GST statement. Titled ""Harmonization of the Sales Tax in Ontario and British Columbia"", it contains a section titled ""What this means for you"" (as in, you the business owner). Here's an excerpt: [...] All Ontario and B.C. registrants would need to update their accounting and point-of-sale systems to accomodate the change in rate and new point-of-sale rebates for the implementation date of July 1, 2010. The harmonization of the sales tax in Ontario and B.C. may affect the filing requirements of registrants outside of these two provinces. Registrants will report their HST according to their current GST filing frequency. As a result of the harmonization, there will be changes to the rebates for housing and public service bodies. More information will be released as it becomes available. Visit the CRA web site often, at www.cra.gc.ca/harmonization, for the most up-to-date information on the harmonization of the sales tax and how it may affect you. [...] Last, I found some very detailed information on the HST here: NOTICE247 - Harmonized Sales Tax for Ontario and British Columbia - Questions and Answers on General Transitional Rules for Personal Property and Services. Chances are anything you want to know is in there."


Most people aren't 'paid pretty darn well' when looking at historical real wages. This is the result of many things, one being corporate consolidation where any and all efficiencies are passed on to the executives and shareholders. Meanwhile, your wife's salary has been slowly eroded away for the past 30 years. I get trying to see the positive side but c'mon man, you gotta wake up.


See my reply above: > My post has, as of this very moment, 58 votes, with 88% up votes. > Vocal frustrated and disappointed anti-Trumpers can't change that. > Anyway, why are you so upset that Trump reduced the debt? > Maybe you should be happy for this and upset on other things Trump did that are not good? Any of those?


>Nearly 20 years ago in the book Market Wizards, hedge fund manager Michael Steinhardt said the term hedge funds is a misnomer because most funds don’t hedge, and a new name is almost 2 decades overdue. The more apt titles such as Alt In or absolute return funds haven’t seen any traction, so hedge funds seems here to stay. Besides, consider how misnamed mutual funds are. Vanguard is one of the only mutual fund names that remains a mutual ownership structure, so what’s in a name anyway.


The [free local classifieds](http://www.mamoof.com/) are grouped within the publication, on issues such as accounting, automobiles, agricultural products, clothing, sale and rent, etc. This classification of products and services are known as the ads. There are many social bookmarking sites where you can post your classified ads or by manual submission or automated submission no cost to reach millions of potential readers.


I have this problem with my parents. They have stuff that they inherited or collected, and they have memories of them, and they want their kids to have them. The problem is, we don't have those memories. We didn't grow up with the stuff they have now. So, while it's nice stuff, it's just that: Stuff. I don't need more stuff. I have no place to put their stuff. I can't afford to store their stuff. It points to the whole issue of materialism. What is the point? One day you're going to die, and someone else will have to deal with all the stuff you collected.


They still got away with pocketing the cash and I got uhh DSL (shitty limited range technology) and other crummy something or other long distance options! Fuck MA BELL. Name any phone company, it's still MA BELL. Smaller competitive with someone else company my ass. They're letting it merge back together too. I still love the day our towns Main Street was being torn up to be repaved. During this little adventure they severed some fiber optic cables. It took out the cell phone network (and ONLY that network). I'll leave that there for someone to attempt to figure out.


It seems like it could be used for the reason stated, but it's hard to escape a more cynical reaction. If you have a work station and it's assigned to somebody, then you can conclude that it's in use, unless that person is not working. The only way to get new information is by applying these to a series of unassigned work stations, to determine if you have more or less of these than you need. This just seems like another step towards treating employees more and more like prisoners.


Well if we had a democracy then people are the ones that have to act to keep the government accountable. But in our society large economic interests have the influence over government so we have a plutocracy. So that's who is getting in the way of the people keeping their government accountable.


"One thing not mentioned is that in so called third world countries, a lot of ""stuff"" isn't actually less expensive. Food is almost always less expensive, housing is often less expensive, but cars, fuel, computers, smartphones, electronics, brand name clothing, shoes, cosmetics, tools, art supplies, internet service, bicycles, sporting goods and many other consumer items are typically more expensive."


"This is a supplement to the additional answers. One way to generate ""passive"" income is by taking advantage of high interest checking / saving accounts. If you need to have a sum of liquid cash readily available at all times, you might as well earn the most interest you can while doing so. I'm not on any bank's payroll, so a Google search can yield a lot on this topic and help you decide what's in your best interest (pun intended). More amazingly, some banks will reward you straight in cash for simply using their accounts, barring some criteria. There's one promotion I've been taking advantage of which provides me $20/month flat, irrespective of my account balance. Again, I am not on anyone's payroll, but a Google search can be helpful here. I'd call these passive, as once you meet the promotion criteria, you don't need to do anything else but wait for your money. Of course, none of this will be enough to live off of, but any extra amount with minimal to zero time investment seems to be a good deal. (if people do want links for the claims I make, I will put these up. I just do not want to advertise directly for any banks or companies.)"


Online groceries in Kolkata can put a conclusion to feared treks to the market. There are administrations that ship staple goods the nation over and a few chains utilize nearby conveyance too. This can spare us huge amounts of time, and that itself is justified regardless of its ruler's payment. In any case, can shopping on the web market in Kolkata preserve us cash? Regularly it can.


Tl;dr by anecdata I paid for my master's degree from investments/savings with a HELOC backstop It appears you don't have the 62k cash needed for tuition and living expenses so your decision is between financing a degree by selling your investments or a loan. Ultimately this comes down to the yes/no sell decision on the investments. Some things to consider:


Because I (and no one really) am not going to talk about much in a public, archived place. Even with a username you could never tie to my actual one, there's too much risk. So you get the various bullshit articles, crackpot theories, and college kids because those are the only things that don't matter.


Many people have suggested that the degree's emphasis on financial analysis (1) downplays the management of creative work such as product design, and (2) ignores long-term costs that don't appear on the balance sheet, such as environmental destruction or loss of customer respect.


Buy a car. Vehicle loans, like mortgages, are installment loans. Credit cards are revolving lines of credit. In the US, your credit score factors in the different types of credit you have. Note that there are several methods for calculating credit scores, including multiple types of FICO scores. You could buy a car and drive for Uber to help cash flow the car payments and/or save for your next purchase. As others have suggested, you should be very careful with debt and ask critical questions before taking it on. Swiping a credit card is more about your behavior and self-control than it is logic and math. And if you ever want to start a business or make multi-million dollar purchases (e.g. real estate), or do a lot of other things, you'll need good credit.


As the bank probably told you, a HOA has no assets. Taking out loans like that is the domain of a co-op, which is a different kind of corporation and residents own shares in a corporation that owns the entire property as an asset. It is probably a bad idea to allow someone to be a guarantor of the loan. These kinds of things may pop up in an annual audit of the books (why is a particular person being paid a monthly fee?) or may be seen as red flags by banks offering mortgages to buyers in the HOA.


"There's no way to confirm this anecdote I'm about to say tell you guys. However, I'm a computer programmer. I went for a job interview a few years ago at a top-tier bank. When they sat me down for the interview. They told me that their job was to take a rich person's income and let's say they pay 40% in tax. They'll move it around so that they pay 20% in tax. Also, these banks ... a lot of the programmers are earning 550-650 per-day and that's in pound sterling. These programmers will create a company and pay themselves the lowest salary rate. So they will avoid as much tax as possible because it's their ""company"". Those programmers aren't in the millionaire range though. They're probably just pulling over 100,000 pounds a year taxed at a really low rate. After working with them ... you can't make any of these guys feel anything."


"This is the best tl;dr I could make, [original](https://cacm.acm.org/news/220768-what-the-industrial-revolution-really-tells-us-about-the-future-of-automation-and-work/fulltext) reduced by 92%. (I'm a bot) ***** > As automation and artificial intelligence technologies improve, many people worry about the future of work. > Accountants, lawyers, truckers and even construction workers - whose jobs were largely unchanged by the first Industrial Revolution - are about to find their work changing substantially, if not entirely taken over by computers. > Rubinstein&#039;s basic assertion, which is that economic theory tells us more about economic models than it tells us about economic reality, is a warning: We should listen not only to economists when it comes to predicting the future of work; we should listen also to historians, who often bring a deeper historical perspective to their predictions. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6yauel/what_the_industrial_revolution_really_tells_us/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~204913 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*: **work**^#1 **automation**^#2 **people**^#3 **Industrial**^#4 **Revolution**^#5"


"As the European crisis worsened the Swiss Franc (CHF) was seen as a safe currency so Europeans attempted to exchange their Euros for Francs. This caused the Franc to appreciate in value, against the Euro, through the summer and fall of 2011. The Swiss government and Swiss Central Bank (SNB) believe mercantilism will create wealth for the citizens of Switzerland. The Swiss central planners believe that having an abundance of export businesses in Switzerland will create wealth for the citizens of Switzerland as the exporters sell their good and services abroad and pocket a bunch of cash. Thus, the central planners tend to favor exporters. From the article: At the start of the year, when exporters urged for government and SNB action, ... The Swiss Central bank continued to intervene in currency markets in 2011 to prevent the CHF from appreciating. This was done to prevent a decrease in export business. Finally after many failed attempts they announced the 1.20 peg in September. The central planners give little consideration to imports, however, since manufacturers in foreign countries don't vote or contribute to the campaign funds of the central planners in Switzerland. As the CHF strengthened many imported items became very cheap for Swiss citizens. This was of little concern to the central planners. Currencies are like other goods in a market in that they respond to supply and demand. Their value can change daily or even hourly based on the continually varying demands of people. This can cause the exchange rate to rise and fall against other currencies and goods. Central planners mistakenly believe that the price of certain market items (like currency) should not fluctuate. The believe there is some magical number that will cause the market to operate ""better"" or ""more correctly"". How does the SNB maintain the peg? They maintain the peg by printing Francs and purchasing euros."


My car loan, much to my disappointment, was through Wells Fargo. I went to my credit union and refinanced (with a .1% increase of interest) and I feel a lot better about my payments. In reality, it pays for itself because my credit union is customer-owned, and my dividends offset the extra cost. :)


World Recovery Centers offers a full treatment of substance abuse for adult men and women in the United States and other countries. We provide the best Drug and alcohol detox programs in the world. We can admit of a drug addicted person based upon individual needs as assessed through comprehensive evaluations. For you and your loved one, we also provide the drug addiction treatment through the web. For any information about drug addiction programs, visit our website.


Congratulations on starting your own business. Invest in a tax software package right away; I can't recommend a specific one but there is enough information out there to point you in the right direction: share with us which one you ended up using and why (maybe a separate question?) You do need to make your FICA taxes but you can write off the SE part of it. Keep all your filings as a PDF, a printout and a softcopy in the native format of the tax software package: it really helps the next tax season. When you begin your business, most of the expenses are going to be straightforward (it was for me) and while I had the option of doing it by hand, I used software to do it myself. At the beginning, it might actually seem harder to use the tax software package, but it will pay off in the end. Build relationships with a few tax advisors and attorneys: you will need to buy liability insurance soon if you are in any kind of serious (non hobby) business and accounting for these are no trivial tasks. If you have not filed yet, I recommend you do this: File an extension, overpay your estimated taxes (you can always collect a refund later) and file your return once you have had a CPA look over it. Do not skimp on a CPA: it's just the cost of running your business and you don't want to waste your time reading the IRS manuals when you could be growing your own business. Best of luck and come back to tell us what you did!


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I think they say that they show rooms that cost $20-$30 more. I am guessing that they show DIFFERENT rooms. It isn't the same room for more; but showing more expensive options to fancy Apple users. Ubuntu users should get the Japan coffin style options shown :-P


"Here is one ""other consideration"": don't, don't, don't sell based on insider information. Insider trading can land you in jail. And it's not restricted to top executives. Even overhearing a discussion about the current status of the acquisition talks can mean that you have insider information that you legally cannot act on in many jurisdictions. If you are just a regular employee, the SEC will likely not subject your dealings to special scrutiny, especially since lots of your colleagues will likely trade your company's shares at this point in time. And if you definitely hold insider info (for example, if you are intimately involved with the acquisition talks), you will likely have had a very serious warning about insider trading and know what you can and what you cannot do. Nevertheless, it's better to be careful here."


You have to consider that taxes that you pay on the premiums is money definitely paid, while benefits being tax free won't save you a thing if you never receive the benefits.


Guns. Without them, any other conceivable asset would be taken from you. By someone with guns.


How is that a victim mentality? You are being obtuse. Every business pays taxes. Why is it a big deal that walmart paid taxes? > How about Walmart and other large large employers just shut down. Why are you being stupid? What does this have to do with anything? I don't care what companies shut down because other companies will take their market share. that's how the economy works.


The tax savings of being 1099 can be significant. It depends on your salary, and what you can deduct. You may want to consult with an accountant. The social security tax, for the self employed, is 12.4% of profit not on revenue. If you can write off more than half of the income as expenses then you could be paying less than a w-2 employee. Also you might make a higher salary as a 1099, it is rare the offer the same compensation for a W-2 as a 1099 as the former has higher expenses for the employer. It is hard to know without actual numbers, actual expected expense deductions and so forth. Which is why I would suggest consulting with an accountant. You may want to talk to one in the state where he will be working rather than where you live now.


Yes you are. Trickling down only works when there are enough jobs. All those receptionist that are being displaced by graduates or PA's will try to find a new job. But the economy isn't very good so career options are limited and the chance of improving your career are slim. So these receptionists apply to cleaning positions or McDonald. Cleaning companies might think hey here is someone who has proven to be reliable and being able to communicate with clients. They hire the receptionists. Where do the cleaners go? Not enough jobs = not enough jobs. When you have a comfortable middle class career switching might be an option but for the working class it is almost impossible in a bad economy.


"Eugene Kaspersky warns against danger of cyber war - IT News from V3.co.uk By nortonmed on June 1, 2012 http://www.v3.co.uk/v3-uk/news/2178881/eugene-kaspersky-warns-impending-cyber-threat Security mogul Eugene Kaspersky has declared cyber warfare as ""the internet's greatest threat."" Kaspersky believes that cyber warfare has leaped over threats such as cyber crime and privacy issues to become the most dangerous issue facing the web. He spoke at the Australian Cebit convention about the potential damage of cyber super weapons and the future of internet security. ""Cyber weapons can damage a physical object as badly as a traditional weapon,"" Kaspersky was quoted as saying during his keynote presentation in Sydney. ""It is a realistic scenario against any country because we all have the same systems. All it takes is the wrong people with the right motives."" While both the public and private sector have been scrambling in recent years to protect critical infrastructure against cyber attacks, experts have suggested that most hypothetical attacks would likely be limited in scope to a local or regional scale. Kaspersky argues that the only way to prevent a catastrophic series of attacks in the future would be for countries to come together and sign international pacts against the use of cyber weapons. ""I'm afraid that there's only one way that they can be protected and that's international agreements against cyber weapons, same as was done with nuclear weapons, chemical weapons and biological weapons,"" Kaspersky said. Both China and the US showed positive signs for peace when they held cyber security excercises earlier this year in a sign of solidarity. During his speech Kaspersky pointed to the Stuxnet virus as a barometer for the power of cyber warfare. The highly-sophisticated virus successfullyinfected Iran's nuclear programme and is believed to have caused critical damage to uranium-enrichment equipment"