I'm not directly affiliated with the company (I work for one of the add-on partners) but I can wholeheartedly recommend Xero for both personal and business finances. Their basis is to make accounting simple and clean, without sacrificing any of the power behind having the figures there in the first place.


">He'll be back in a few years after growth stalls under the new ""adult supervision"" CEO. No, he will not. Uber is a [criminal organisation](http://www.cnbc.com/2017/04/13/uber-lyft-hell-software-track-drivers.html) and will not exist in five years. They have and are committing wire fraud daily and they will be tied up in lawsuits forever. The entire $60 Billion in valuation will vanish."


"There are three ways to do this. So far the answers posted have only mentioned two. The three ways are: Selling short means that you borrow stock from your broker and sell it with the intent of buying it back later to repay the loan. As others have noted, this has unlimited potential losses and limited potential gains. Your profit or loss will go $1:$1 with the movement of the price of the stock. Buying a put option gives you the right to sell the stock at a later date on a price that you choose now. You pay a premium to have this right, and if the stock moves against you, you won't exercise your option and will lose the premium. Options move non-linearly with the price of the stock, especially when the expiration is far in the future. They probably are not for a beginner, although they can be powerful if used properly. The third option is a synthetic short position. You form this by simultaneously buying a put option and selling short a call option, both at the same strike price. This has a risk profile that is very much like the selling the stock short, but you can accomplish it entirely with stock options. Because you're both buying an selling, in theory you might even collect a small net premium when you open. You might ask why you'd do this given that you could just sell the stock short, which certainly seems simpler. One reason is that it is not always possible to sell the stock short. Recall that you have to borrow shares from your broker to sell short. When many people want to short the stock, brokers will run out of shares to loan. The stock is then said to be ""hard to borrow,"" which effectively prevents further short selling of the stock. In this case the synthetic short is still potentially possible."


As user14469 mentions you would have to decide what type of properties you would like to invest in. Are you after negatively geared properties that may have higher long term growth potential (usually within 15 to 20km from major cities), or after positive cash-flow properties which may have a lower long term growth potential (usually located more than 20km from major cities). With negative geared properties your rent from the property will not cover the mortgage and other costs, so you will have to supplement it through your income. The theory is that you can claim a tax deduction on your employment income from the negative gearing (benefits mainly those on higher tax brackets), and the potential long term growth of the property will make up for the negative gearing over the long term. If you are after these type of properties Michael Yardney has some books on the subject. On the other hand, positive cash-flow properties provide enough rental income to cover the mortgage and other costs. They put cash into your pockets each week. They don't have as much growth potential as more inner city properties, but if you stick to the outer regions of major cities, instead of rural towns, you will still achieve decent long term growth. If you are after these type of properties Margaret Lomas has some books on the subject. My preference is for cash-flow positive properties, and some of the areas user14469 has mentioned. I am personally invested in the Penrith and surrounding areas. With negatively geared properties you generally have to supplement the property with your own income and generally have to wait for the property price to increase so you build up equity in the property. This then allows you to refinance the additional equity so you can use it as deposits to buy other properties or to supplement your income. The problem is if you go through a period of low, stagnate or negative growth, you may have to wait quite a few years for your equity to increase substantially. With positively geared properties, you are getting a net income from the property every week so using none of your other income to supplement the property. You can thus afford to buy more properties sooner. And even if the properties go through a period of low, stagnate or negative growth you are still getting extra income each week. Over the long term these properties will also go up and you will have the benefit of both passive income and capital gains. I also agree with user14469 regarding doing at least 6 months of research in the area/s you are looking to buy. Visit open homes, attend auctions, talk to real estate agents and get to know the area. This kind of research will beat any information you get from websites, books and magazines. You will find that when a property comes onto the market you will know what it is worth and how much you can offer below asking price. Another thing to consider is when to buy. Most people are buying now in Australia because of the record low interest rates (below 5%). This is causing higher demand in the property markets and prices to rise steadily. Many people who buy during this period will be able to afford the property when interest rates are at 5%, but as the housing market and the economy heat up and interest rates start rising, they find it hard to afford the property when interest rate rise to 7%, 8% or higher. I personally prefer to buy when interest rates are on the rise and when they are near their highs. During this time no one wants to touch property with a six foot pole, but all the owners who bought when interest rates where much lower are finding it hard to keep making repayments so they put their properties on the market. There ends up being low demand and increased supply, causing prices to fall. It is very easy to find bargains and negotiate lower prices during this period. Because interest rates will be near or at their highs, the economy will be starting to slow down, so it will not be long before interest rates start dropping again. If you can afford to buy a property at 8% you will definitely be able to afford it at 6% or lower. Plus you would have bought at or near the lows of the price cycle, just before prices once again start increasing as interest rates drop. Read and learn as much as possible from others, but in the end make up your own mind on the type of properties and areas you prefer.


"OK, I found this filing by JCI on the SEC website: U.S. Federal Income Tax Consequences of the Distribution to U.S. Holders For U.S. federal income tax purposes, the distribution will not be eligible for treatment as a tax-free distribution by Johnson Controls with respect to its stock. Accordingly, the distribution will be treated as a taxable distribution by Johnson Controls to each Johnson Controls shareholder in an amount equal to the fair market value of the Adient ordinary shares received by such shareholder (including any fractional shares deemed received and any Adient ordinary shares withheld on account of any Irish withholding taxes), determined as of the distribution date (such amount, the ""Distribution Amount""). The Distribution Amount received by a U.S. holder will be treated as a taxable dividend to the extent of such U.S. holder's ratable share of current or accumulated earnings and profits of Johnson Controls for the taxable year of the distribution (as determined under U.S. federal income tax principles). Any portion of the Distribution Amount that is treated as a dividend will not be eligible for the dividends-received deduction allowed to corporations under the Code. My broker's 1099-B form tells me that I received a Qualified Dividend from JCI on 10/31/2016 of $512.44, which would be equivalent to $45.349 valuation of ADNT as of the spinoff date for my 11.3 shares (before the 0.3 shares were sold as cash-in-lieu) ."


"> Outside of money, the biggest thing I think we will leave to our kids is what we have learned... I would argue even money is less important, but continue. > ...you are acting like a totally responsible young adult according to societal norms and people who are supposed to give you advice, and you are totally fucking yourself. Totally agree. FYI, your example seems fitting for someone born into a middle class home and their choices are bad but not destructive. If it were someone from a poor household then the 25 year old doesn't know about the American Heart Association, doesn't know about credit to get a card or house, invests nothing, often gets payday loans, gets a car from a used car auto-lender, drinks and watches a lot of TV, has probably been involved in a pregnancy, and plays the lottery in the hopes of a better life. > Is that your fault? I would say, ""no"". Society has effectively set you up to fail. > What if you've concluded generational wealth is simply luck... > You may dismiss your opportunity as bullshit, and remained trapped in the standard American day to day wage/debt slavery. You almost certainly will dismiss the opportunity. Even if you can realize the AHA, financial advisor, or payday loan guy gave you bad advice, there are better looking opportunities. Put away money for a rainy day? Fuck that! If I listen to the auto-loan guy I get a car *today*. I'm not sure I understand where your contention was. Are you thinking that people shouldn't be cynical of the system and be able to recognize an opportunity to better their life? I'm heading out for the evening. I'll look for your replay later tonight and maybe respond. Thanks for the thoughtful discussion."


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"There are a lot of funds that exist only to feed people's belief that existing funds are not diversified or specialized enough. That's why you have so many options. Just choose the ones with the lowest fees. I'd suggest the following: I wouldn't mess around with funds that try and specialize in ""value"" or those target date funds. If you really don't want to think and don't mind paying slightly higher fees, just pick the target date fund that corresponds to when you will retire and put all your money there. On the traditional/Roth question, if your tax bracket will be higher when you retire than it is now (unlikely), choose Roth. Otherwise choose traditional."


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There's nothing much you can do here, and I don't think you'll succeed in placing blame on the lawyers. In order for SSA to have the tax withheld from your benefits, you need to submit form W-4V. Here are the details on how to get it and what to do with it. This form is voluntarily submitted, i.e.: no-one will ask for it, you have to actively send it out on your own. As to repayment of the LTD benefits - since they were not taxable, there's no change in the taxable income on your behalf. What you got wasn't taxed, so what you gave back - doesn't provide any tax benefit. As to why SSA benefits are taxable and LTD benefits are not - this is because SSA is pre-tax, and LTD premiums were (in your case, apparently) post-tax. However, the LTD benefits management company doesn't care or may be even know about this, and they do everything they can to reduce their own liability to you. If you're entitled to SSA benefits, it reduces their liability, that's why they insisted on your claim with SSA. As to the SSA dragging their feet - they want to reduce their (taxpayers', essentially) liability as well. However, once they decided in your favor, you received what was rightfully yours, including back-pay. SSA benefits are taxable, in the year received. So you got a lump sum - taxable as a lump sum. Sorry, but that's the way it is. This is an example where post-tax LTD premiums don't actually pay off...


In general a stock can open at absolutely any price with no regard for the closing price or after hours price the previous day. The opening price will be determined by the best bid and offer made by people who decide to trade the next day. Some of the those people may have put orders in on a prior day that are still on the books and matter, but there's a lot of time overnight for people to cancel orders and enter new ones, which is especially likely to happen if there was substantive news overnight. As for what you can do in your case, you have the same options that you always had: Sell or hold. If you're selling, you can sell after hours, in the pre-open hours, or during the trading day. There's nothing we can say about this case that's really any different than we can say about any other stock on any other day.


You are not a landlord. You have choices: The current situation is charity. And that's ok, so long as you acknowledge it. In the big picture, anything less than market rent is a gift that you are giving the person living in your house. A good tenant might keep the place in better shape, and deserve a lower rent, but that's a quid pro quo. In the end, landlording is a business. If you had 10-20 apartments, they would be proving an income to you and you would have a large chunk of your wealth tied up in it. You would keep the apartments in good shape both to be legal and not a slumlord, but you'd also collect market rent. $100/apt would be $1000-$2000/mo income to you and your family. You wife is right. As always. You have a decision to make to stop the bleeding.


You cost the company money both from your time off AND from its portion of your insurance bill! and you think you're owed a bonus? the nerve! have a bag of frozen peas for your jaw and get back to work! now i need a shower after channeling your horrible old boss.


So many people are blaming the US gov't for the reasons people are taking drugs and can't get hired. Such a ridiculous response to a COMPANY's decision to drug test. I personally don't want to work around stoner's/meth heads/pill poppers when the job requires you to work around 30,000 pounds of steel. That's just common sense. Nobody is forcing you to take drugs. Stop blaming everyone else bc you got yourself addicted.


You can open the configuration panel of the Netgear router via the IP address 192.168.1.1 or via www.routerlogin.net. From this panel, you can change the password, set parental controls, set guest network, view network map and there are much more settings to configure.


I doubt that this exists, but it could theoretically. After all, a share is kind of an option to a company's future success, and so a call is already a second level on indirection. The better approach would be to 'create your own Put-Puts', by investing less money (A) in the Put you wanted to invest into, and put the smaller rest (B) in the share itself or a Call. That way, if the original Put is successful, at max (B) is lost, and if it is unsuccessful, the loss on (A) is covered by a gain on (B). Potentially, if you do the math, you can reach a mathematical equivalent situation to a Put-Put by buying the right amount and kind of Calls. However, we know already that buying a Put and a Call is a poor strategy, so that would mean a Put-Put would also be a poor strategy.


I wrote about this in another answer: You can sell the scrip dividend in the market; the capital gain from this sale may fall below the annual tax-free allowance for capital gains, in which case you don't pay any capital gains tax on that amount. For a cash dividend, however, there isn't a minimum taxable amount, so you would owe dividend tax on the entire dividend (and may therefore pay more taxes on a cash dividend). Since you haven't sold the shares in the market yet, you haven't earned any income on the shares. You don't owe taxes on the scrip until you sell the shares and earn capital gains on them. HMRC is very explicit about this, in CG33800: It is quite common for a company, particularly a quoted company, to offer its shareholders the option of receiving additional shares instead of a cash dividend. The expression `stock or scrip dividend' is used to describe shares issued in such circumstances. The basic position under tax law is that when a company makes a bonus issue of shares no distribution arises, and the bonus issue of shares is not income for tax purposes in the hands of the recipient. Obviously, if this is an issue for you, talk to a tax professional to make sure you get it right.


I think we resolved this via comments above. Many finance authors are not fans of target date funds, as they have higher fees than you'd pay constructing the mix yourself, and they can't take into account your own risk tolerance. Not every 24 year old should have the same mix. That said - I suggest you give thought to the pre-tax / post tax (i.e. traditional vs Roth) mix. I recently wrote The 15% solution, which attempts to show how to minimize your lifetime taxes by using the split that's ideal for your situation.


Federal Funds Rate The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution overnight. The federal funds rate is generally only applicable to the most creditworthy institutions when they borrow and lend overnight funds to each other. The federal funds rate is one of the most influential interest rates in the U.S. economy, since it affects monetary and financial conditions, which in turn have a bearing on key aspects of the broad economy including employment, growth and inflation. http://www.investopedia.com/terms/f/federalfundsrate.asp#ixzz3mB5kCtvT


"Even if that's the case, that means he still bet half a mil on a sure thing. It seems insane to me to be bearish while also saying ""the market only goes up because..."" No one thinks QE is going to stop in our lifetimes."


There's no way patent wars are going to end. Companies have invested too much into their patent portfolios. They're weapons, bought and paid for, and to end the patent wars would be to take away all this property value. So I believe patent wars are here to stay.


"The scenario you mention regarding capital gains is pretty much the core of the issue. Here's a run-down from PolitiFact.com that explains it a bit. It's important to focus on it being the tax rate, not the tax amount (which I think you get, but I want to reinforce that for other readers). Basically, most of Buffett's income comes from capital gains and dividends, income from investments he makes with the money he already has. Income earned by buying and selling stocks or from stock dividends is generally taxed at 15 percent, the rate for long-term capital gains and qualified dividends. Buffett also mentioned that some of the ""mega-rich"" are hedge fund managers ""who earn billions from our daily labors but are allowed to classify our income as 'carried interest,' thereby getting a bargain 15 percent tax rate."" We don't know the taxes paid by Buffett's secretary, who was mentioned by Obama but not by Buffett. Buffet's secretary would have to make a high salary, or else typical deductions (such as the child tax credit) would offset taxes owed. Let's say the secretary is a particularly well-compensated executive assistant, making adjusted income more than $83,600 in income. (Yes, that sounds like a lot to us, too, but remember: We're talking about the secretary to one of the richest people in the world.) In that case, marginal tax rates of 28 percent would apply. Then, there would be payroll taxes of 6.25 percent on the first $106,800, money that goes to Social Security, and another 1.45 percent on all income, which goes to Medicare. The secretary’s overall tax rate would be lower than 28 percent, since not all the income would be taxed at that rate, only the income above $83,600. Buffett, meanwhile, would pay very little, if anything, in payroll taxes. In the New York Times op-ed, Buffett said he paid 17.4 percent in taxes. Thinking of the secretary, it gets a little complicated, given how the tax brackets work, but basically, people who make between $100,000 and $200,000 are paying around 20 percent in federal taxes, including payroll and income taxes, according to an analysis from the nonpartisan Tax Policy Center. So in this case, the secretary's rate is higher because so much of Buffett's income comes from investments and is taxed at the lower capital gains rate. Here's Buffet's original Op-Ed in the NYT for those of you that aren't familiar."


You don't have to retire. But the US government and other national governments have programs that allow you to set aside money when you are young to be used when you are older. To encourage you to do this, they reduce your taxes either now or when your are older. They also allow your employer to match your funds. In the US they have IRAs, 401Ks, and Social Security. You are not required to stop working while tapping into these funds. Having a job and using these funds will impact your taxes, but your are not forbidden from doing both. Decades ago most retirement funds come from pensions and Social Security. Most people are going to reach their senior years without a pension, or with only a very small pension because they had one in one of their early jobs. So go ahead, gamble that you will not need to save for retirement. Then hope that decades later you were right about it, because you can't go back in time and fix your choice. Some never save for retirement, either because they can't or they think they can't. Many that don't save end up working longer than they imagined. Some work everyday until they die, or are physically unable to work. Sometimes it is because they love the job, but often it is because they cannot afford to quit.


"> A severe outbreak of inflation would be great for debtors and homeowners - a large percentage of the population. Not necessarily. You presume that wages would rise along with prices. In fact prices have been rising, but wages haven't followed suit. >It would also be great for equity owners. Do you understand the definition of ""bubble""?"


I really don't see myself doing this in the future. Sounds like youve answered your own question without reddits help. If you genuinely cant stand the job, then quit and go intern for a food service position or some other position in the retail world, the areas you actually have interest in. When it comes down to it, you shouldn't feel like stabbing yourself at work.


Apart from what others have contributed. Look at all your usual spendings. Can they be cheaper? (Telephone, Electricity, Gas, Car, Mortgage, Loans, Insurance...) Whenever you are tempted to buy anything, ask yourself: Do I need this? If the answer is 'Yes' go ahead and buy (food, basically). Otherwise, restrain yourself. Most things in life can be bought cheaper. Most things in shops are useless. For example, how many pairs of shoes do you need? You can drink water from the tab. You don't have to go to restaurants or bars, and if you do, you could budget yourself to some amount. If the restaurant is more expensive, walk. My 0,02€


China was the only place that I've traveled to where they had built in privacy screens as you're going through security. One person at a time through the metal detector and once you pass through the metal detector you're in an area that has complete privacy. Nobody before or after the line can see you. In a way it's good if implemented in the USA but sometimes it makes me wonder how that can be abused.


Thats cool, If you take all the income my mother received raising two children to 22, Subtract a third for rent, and assume she never ate anything or wore clothes in that 22 years, she did it for about $140,000 per child


I think that one-sided is nicer for a more professional occupation or aim. If you do decide to go two-sided, I would make sure that the back is something minimalist. As one other commenter said, it is nice to have space to write extra info on a card. Plus, it is nice to be able to tell which side is the front as soon as possible.


Just because your slice of pie gets bigger doesn't necessarily mean someone else's becomes smaller. In a lot of cases it's the entire pie that gets bigger. Why is the pie bigger? More investors (savers turn investors; foreign investments, etc.), more money printed (QE anyone?), Market sentiment changes (stock is priced by perceptions) And it can certainly get smaller.


"> She didn't know that having sex can lead to kids? I mean, you'd think she might have at least pieced it together after the first one. I don't think you realize how ignorant people can be. Nor how uneducated as to what options they have or more importantly who will pay for those options since they are probably just as broke as they were before the kid. > At what point do people's bad decisions stop being society's burden to bear? This isn't that point. > If I decide to take on insurmountable debt because I don't know any better, should everyone else be forced to pick up the tab? Not really a fair comparison, but no I don't think we should let you starve. Idiot or otherwise. > A $15/hr minimum wage would ruin our economy and cause a lot more suffering and homelessness. Prove it, name an example country that is now a devastated wasteland for providing decent wages alone. > Just because we want to help people (and I do feel bad for her), if we put policies in place that will ruin everyone, we don't get off the hook just by blaming it on other factors or because ""we didn't see it coming"". What policies would those be? I'm waiting for that ruined country. > In a way, making bad policy decisions that will fuck up our entire country is kind of a large scale version of what Fran and many others have done to their own life. Real world example or I am going to continue to assume you live in a alt-right fantasy."


You're thinking of general purpose computers. A Mac or Windows box runs millions of applications from millions of sources. That's usually why those computers crash. There are also thousands and thousands of hardware configurations, which compounds the problem. Tesla has one hardware set and they make their own software. One configuration and one application suite that's dedicated to a very narrow set of instructions with redundant systems and failsafes to stop the car if there were to be a catastrophic failure. As long as the system is well built and capable, it will have a long track history of safe transportation. Eventually, will something happen to the car to make it fail and kill someone? Maybe, but in the meantime, it's going to save so many lives. You can't dismiss a technology just because it might not have a 100% success rate. If that's your metric, then people would never be allowed to drive.


"> Go ahead, we'll be waiting. Stop being a cocky moron. I already have and bitch slapped someone else with them. Now its your turn to feel like a moron ""The findings suggest why ‘stoners’ are stereotypically viewed as lacking motivation to work hard to pursue their dreams or to be ambitious."" https://www.psychologytoday.com/blog/the-athletes-way/201307/does-long-term-cannabis-use-stifle-motivation Cannabis reduces short-term motivation to work for money Smoking the equivalent of a single 'spliff' of cannabis makes people less willing to work for money while 'high' https://www.sciencedaily.com/releases/2016/09/160901211303.htm Cannabis smokers end up in worse jobs and have less money than average, study finds http://www.mirror.co.uk/news/world-news/cannabis-smokers-end-up-worse-7608737 Getting high on cannabis makes you less likely to work hard for money, study says https://www.independent.co.uk/news/science/cannabis-marijuana-weed-effects-getting-high-working-hard-money-motivation-a7220441.html Regular pot users wind up earning less money, new study says http://www.sacbee.com/news/state/california/california-weed/article69339292.html Study: Poorer marijuana users smoking the most (Yeah, they ended up losers) http://www.denverpost.com/2016/08/14/study-poorer-marijuana-users-smoking-the-most/ permalinksavecontextfull comments (182)editdisable inbox repliesdelete"


You're moving goalposts. Of course my backhand calculation is not scientifically accurate. But the point is it's still way more than de minimis like you implied. Buses off the road are still off the road. Cars off the rod are still off the road. Whatever fraction of 400k you feel for whatever weird reason is still a fuckton less traffic clogging the roads. You just seem to have a hate boner.


In other words, the cost of three people at $12 an hour is less than one person at $20 an hour. So we'll spin this into a feel good story and post it up on Reddit. This is further supported by the fact that when I go into a Costco it's nearly impossible to find anyone to help me, and when I do, they are just about useless. But overall, I don't care. All that really matters is how much money I'm saving under the business model of buying in bulk. So...I'm a major Costco fan.


"To be completely honest, I think that a target of 10-15% is very high and if there were an easy way to attain it, everyone would do it. If you want to have such a high return, you'll always have the risk of losing the same amount of money. Option 1 I personally think that you can make the highest return if you invest in real estate, and actively manage your property(s). If you do this well with short term rental and/or Airbnb I think you can make healthy returns BUT it will cost a lot of time and effort which may diminish its appeal. Think about talking to your estate agent to find renters, or always ensuring your AirBnB place is in good nick so you get a high rating and keep getting good customers. If you're looking for ""passive"" income, I don't think this is a good choice. Also make sure you take note of karancan's point of costs. No matter what you plan for, your costs will always be higher than you think. Think about water damage, a tenant that breaks things/doesn't take care of stuff etc. Option 2 I think taking a loan is unnecessarily risky if you're in good financial shape (as it seems), unless you're gonna buy a house with a mortgage and live in it. Option 3 I think your best option is to buy bonds and shares. You can follow karancan's 100 minus your age rule, which seems very reasonable (personally I invest all my money in shares because that's how my father brought me up, but it's really a matter of taste. Both can be risky though bonds are usually safer). I think I should note that you cannot expect a return of 10% or more because, as everyone always says, if there were a way to guarantee it, everyone would do it. You say you don't have any idea how this works so I'd go to my bank and ask them. You probably have access to private banking so that should mean someone will be able to sit you down and talk you through. Also look at other banks that have better rates and/or pretend you're leaving your bank to negotiate a better deal. If I were you I'd invest in blue chips (big international companies listed on the main indeces (DAX, FTSE 100, Dow Jones)), or (passively managed) mutual funds/ETFs that track these indeces. Just remember to diversify by country and industry a bit. Note: i would not buy the vehicles/plans that my bank (no matter what they promise, and they promise a lot) suggest because if you do that then the bank always takes a cut off your money. TlDr, dont expect to make 10-15% on a passive investment and do what a lot of others do: shares and bonds. Also make sure you get a lot of peoples opinions :)"


>A lot of unsuccessful entrepreneurs fit that definition. Ah, I see what you're saying. You're saying that sure, Michael Phelps is a fast swimmer, but his competition are *all* fast swimmers. It's only luck that got him a gold medal. Or yeah - the winner of the New York Marathon is a fast runner, but they're *all* fast runners - it's only luck that got the winner first place. Certainly the current world record holder for the deadlift is strong, but all world caliber deadlifters are strong. It's only luck that got them the world record.


Yes. When the currency of a country appreciates, it benefits some groups and disadvantages others. In particular, exporters suffer when a currency increases in value relative to other countries. In a country like the US, where exporters are small relative to the economy, this isn't a big deal. In germany, where exporters make up a big part of the economy, a currency increasing in value leads to large numbers of layoffs and other negative net effects to the economy.


Hello Reddit friends, family & future guests of The Greenhouse Inn, Asbury Park's (NJ) first eco-friendly bed and breakfast. I have wonderful news from the Small Business Administration (SBA) and the local community bank, as they have agreed to finance 90% of the startup costs to open The Greenhouse Inn. Woo hoo! They have affirmed their support, and are ready to get the ball rolling, but I will need to supply 10% of the projects total cost in equity. For instance, a bank will usually lend only if you have 10% of the amount you require. Therefore, if we have $1,000, getting a bank loan of up to $10,000 should be feasible. This is oversimplified, but in a way, it means that every single dollar contributed gives The Greenhouse access to ten more. If we make $20,000 dollars on RocketHub, we might be able to get a loan of $200,000 dollars!


"But that wouldn't happen - TiVo's service is ""enable consumers to skip the things that cable companies make money from."" That business model is DOA. You can play all kinds of ""if Tivo had done [x]"" games, but unless you figure out a legal way to provide content (created by networks to be sold to cable providers) around the cable providers, then rest assured that they are going to drill you into the ground because they fear change."


You must file as married for 2013 if you were married as of December 31, 2013. It is true that the Roth IRA contribution phaseout for Married Filing Separately is 0 - $10K. But you can still do backdoor Roth IRA contribution (contribute to a Traditional IRA, then convert it to a Roth IRA; assuming you do not have any pre-tax IRAs, this is identical to a Roth IRA contribution). But you already made a Roth IRA contribution for 2013, and did not do the backdoor. Let's assume that you want to turn it into a backdoor Roth IRA contribution, and that you don't have any pre-tax IRAs. There are two ways to do this: Withdraw the Roth IRA you contributed (including earnings). Then, do a normal backdoor Roth IRA contribution (contribute to a Traditional IRA, then immediately convert it to Roth IRA). The earnings you had in the Roth IRA that you withdrew will be treated as normal income and taxed. The conversion will not be taxable because all of the Traditional IRA was non-deductible when you converted. Re-characterize your original Roth IRA contribution as a Traditional IRA contribution, then convert it to Roth IRA. It will be treated as if you made a Traditional IRA contribution originally, and then waited until now to convert. The earnings in the IRA up till now will be taxed on conversion. So in both cases, you will need to pay income tax on the earnings in the account up to now. The difference between the two is in the amount of money in the IRA now. With the first way, you can only contribute $5500 now. With the second way, you will keep the same amount of money you have in the IRA now.


Being a successful CFP is 100% about convincing other people to give you their money. Managing 90% of people's finances is sticking to the foundationals and keeping them in the market long term. OP doesn't want to be a hedge fund or PE guy doing complex transactions, he wants CFP. He needs to be able to sell himself, because it's what he'll be doing his whole career.


"I took the quiz that you linked too and answered with what I considered ""ideal"" answers with the exception of checking C for that particular question.... The first thing I saw was I needn't have bothered with giving the ideal answer as the result is self graded (paraphrased) as...all ""A"" great, mostly ""A"" good, mostly ""B"" you can do better, any ""C"" you probably have problems...regardless of your actual answers. Secondly my ideal answers didn't agree with theirs. Finally, neither my ideal nor theirs takes actual circumstances into account. For instance paying off your debt each month: there are quite a few cards that offer zero percent financing for extended periods of time, for those cards the ideal would be for the debt to be paid off before the terms change. Whether that should be steady progression towards zero or a ballon payment at the end, would depend upon your circumstances. In short, look at this quiz as a rough guideline, not a nuanced evaluation of your credit handling capabilities."


I believe you can easily make tresholds for what constitute a partial owner. If I work for GE and buy a share, I'm not exactly a partial owner. Anything under 10% for companies making, I don't know, less than 50 Mil in revenue, you're an employee. Larger companies, 5%. That's just an idea, could be refined but, yeah...


The Koller et al. book? Well, I find that it provides a better structure and an easier read if you are new to valuation. However, Damodaran contains discussions of some important issues not discussed in the Koller et al. book and it that sense serves as a great supplement in my opinion.


Three big ones that are common in almost all banks (though, individually, they may have other criteria): Other criteria I've seen (while working in the banking industry - varying by bank): the average balance you keep on deposit accounts (checking/savings/CDs/etc), number of overdraft fees in the past 12 months (one bank I worked for wouldn't approve a credit card if a customer had more than 5 overdrafts in the past year), the length of time a customer had been with the bank. Note that a credit card only company, like AmEx, may have different criteria in that they don't offer all the other type of accounts that other other banks do.


"Is a student loan a type of loan or just a generic name used to refer to a loan for someone who is going back to school? A student loan from the federal government is a specific type of loan used for education purposes (i.e. attending college). They have guidelines associated with them that are very flexible as compared to a student loan from a private bank. If a student loan is a different type of loan, does it only cover the costs of going to the school? Every student at a university has a ""budget"" or the ""cost of attendance"". That includes direct and indirect costs. Direct costs are ones billed directly to you (i.e. tuition, room and board - should you choose to live on campus, and associated fees). Indirect costs are such things like books, travel expenses (if you live out of state), and personal things. Direct costs are controlled by the school. Indirect costs are estimated. The school will usually conduct market research to determine the costs for indirect items. Some students go above that, and some go below. For example, transportation is an indirect cost. A school could set that at $500. There are students who will be above that, and some below that. If you choose not to live on campus, then rent and food will become an indirect cost. Student loans can cover up to 100% of your budget (direct and indirect added together). If your total budget is $60,000 (tuition, room and board, transportation, books, supplies, etc.) Then you are able to borrow up to that amount ($60,000). However, because your budget is both direct and indirect costs, you will only be billed for your direct costs (tuition, etc.). So if your direct costs equal $50,000 and your student loan was certified for $60,000, then you will get that $10,000 back in the form of a refund from the school. That does not mean you don't have to pay it back - you still do. But that money is meant for indirect costs (i.e. books, rent - if you're not staying on campus, etc.). If your school is on semesters vs quarters, then that amount is divided between the terms. Summer term is not factored in, that's another process. Also with student loans, there are origination costs - the money associated with processing a loan. A good rule of thumb is to never borrow more than you need. Source: I used to work in financial aid at my college."


The cable companies are not stupid ALL the time. They realize that every time a household pulls the plug on cable service they will need to work extra hard to get them back. Once people establish a habit getting them to change again is hard (which is why streaming has only begun to take off recently). As such, though the cable companies continue to loudly proclaim that online TV is not costing them (and it may not be yet) each little drop in the bucket will add up over time until the ship is too hard to turn back around. Data limits on internet are just thier first attempt a curbing the mass exodus from cable that is currently underway. Let's not forget that even Hulu is owned by Universal and Netflix, being a publically traded company can be purchased if they make the cable companies REALLY nervous. This is a fight that the cable companies will eventually win unless some other disruptive force intervene's (enter the DoJ)


Many investment companies are also offering target retirement date portfolios to invest in. They manage reducing the risk over time so you don't have to worry about it if you choose not to.


Oanda.com trades spot forex and something they call box options, it's not quite what you are looking for, but maybe worth looking up.


Brokerage firms must settle funds promptly, but there's no explicit definition for this in U.S. federal law. See for example, this article on settling trades in three days. Wikipedia also has a good write-up on T+3. It is common practice, however. It takes approximately three days for the funds to be available to me, in my Canadian brokerage account. That said, the software itself prevents me from using funds which are not available, and I'm rather surprised yours does not. You want to be careful not to be labelled a pattern day trader, if that is not your intention. Others can better fill you in on the consequences of this. I believe it will not apply to you unless you are using a margin account. All but certainly, the terms of service that you agreed to with this brokerage will specify the conditions under which they can lock you out of your account, and when they can charge interest. If they are selling your stock at times you have not authorised (via explicit instruction or via a stop-loss order), you should file a complaint with the S.E.C. and with sufficient documentation. You will need to ensure your cancel-stop-loss order actually went through, though, and the stock was sold anyway. It could simply be that it takes a full business day to cancel such an order.


I don't like your strategy. Don't wait. Open an investment account today with a low cost providers and put those funds into a low cost investment that represents as much of the market as you can find. I am going to start by assuming you are a really smart person. With that assumption I am going to assume you can see details and trends and read into the lines. As a computer programmer I am going to assume you are pretty task oriented, and that you look for optimal solutions. Now I am going to ask you to step back. You are clearly very good at managing your money, but I believe you are over-thinking your opportunity. Reading your question, you need a starting place (and some managed expectations), so here is your plan: Now that you have a personal retirement account (IRA, Roth IRA, MyRA?) and perhaps a 401(k) (or equivalent) at work, you can start to select which investments go into that account. I know that was your question, but things you said in your question made me wonder if you had all of that clear in your head. The key point here is don't wait. You won't be able to time the market; certainly not consistently. Get in NOW and stay in. You adjust your investments based on your risk tolerance as you age, and you adjust your investments based on your wealth and needs. But get in NOW. Over the course of 40 years you are likely to be working, sometimes the market will be up, and sometimes the market will be down; but keep buying in. Because every day you are in, you money can grow; and over 40 years the chances that you will grow substantially is pretty high. No need to wait, start growing today. Things I didn't discuss but are important to you:


Consult your local Small Business Administration office - they may have resources that can help you find what you're looking for.


"Because its going to effect a lot of people's jobs but being able to work deals with those jobs on the table ""is essential to US business export interests"" </sarcasm> in the rapidly growing developing countries, which have a surplus of skilled workers who could do those jobs. Without privatizing education, they could not put those hundreds of thousands of jobs into play. the same thing goes for health care, (which Ive heard described repeatedly in terms like ""the one bright spot in an otherwise dismal economy"" - a dangerous situation because they mean exactly what it sounds like) They could not be giving discounts to Americans or having public health care here. Its too important to the US insurance and drug industries that US trade ~~ideological~~ goals be maintained purely and consistently. </sarcasm>"


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"This is the best tl;dr I could make, [original](http://www.reuters.com/article/us-usa-china-artificialintelligence-idUSKBN1942OX) reduced by 90%. (I'm a bot) ***** > WASHINGTON The United States appears poised to heighten scrutiny of Chinese investment in Silicon Valley to better shield sensitive technologies seen as vital to U.S. national security, current and former U.S. officials tell Reuters. > AI&#039;S ROLE IN DRONE WARFARE. Concerns about Chinese inroads into advanced technology come as the U.S. military looks to incorporate elements of artificial intelligence and machine learning into its drone program. > &quot;When the Chinese make an investment in an early stage company developing advanced technology, there is an opportunity cost to the U.S. since that company is potentially off-limits for purposes of working with,&quot; the report said. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6h3wj2/the_united_states_appears_poised_to_heighten/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~143518 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*: **technology**^#1 **us**^#2 **investment**^#3 **China**^#4 **Chinese**^#5"


[Some might say that these companies have too much power and influence, and are being used as political weapons.](https://wikileaks.org/google-is-not-what-it-seems/) [These large companies and our government are also very intertwined in sometimes uncomfortable ways.](http://www.businessinsider.com/cia-600-million-deal-for-amazons-cloud-2013-3) I do not come with an answer, because there really isn't one everyone will agree on. But, with human nature being so easily corrupted, I have my concerns time to time.


"Annual property tax and home insurance come to mind as things that are easily forgotten, but surely the biggest true, ""I didn't see that coming,"" is a major car repair. There are a number of things that can go wrong with a car with little warning and end up costing a thousand dollars or more. Since most people are dependent upon their car for getting to work, doing anything but fixing or replacing the car is not an option. If you fix it, that's an out of pocket expense that most aren't prepared for. If the car has some age, you might be inclined to replace it, but doing so in a rush costs a lot more than taking your time in such a decision."


Our two rentals have yielded 8.5% over the past two years (averaged). That is net, after taxes, maintenance, management, vacancy, insurance, interest. I am only interested in cash flow - expenses / original investment. If you aren't achieving at least 4.5-5% net on your original investment you probably could invest elsewhere and earn a better return on a similar risk profile.


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It costs money to pull credit information, and there's a record of who requested the info. And hard pulls are only a temporary, short-term ding on your score. Basically, if someone wants to make trouble, there are better ways to do so.


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Is this really a net effect of concentration of wealth? When so few people hold all the money, you need more money to keep the system running. Imagine we need 10 trillion to keep the economy running. If 1000 people hold 50%, you effectively need 5 trillion just to keep the economy running. It is somewhat ironic that the last time we had full employment was basically the real estate bubble where tons of money was dumped into the system by liar loans with no credit check. Not saying we want to go back there, but perhaps we need that level of money in the system to get full employment. If we want to get there safely, we need to buy back our debt, invest more in our infrastructure and provide more services. This is the only way we are going to get full employment


Might be able to replace, but at what price? There was a reason why people bought products from EU/US - it had the correct quality/price ratio. Now with the new imports you will either (1) lose on quality or (2) face an increase in pricing. Either way regular Russians are going to bear the brunt of it, not the oligarchs running the show. Say high to increased inflation, reduced GDP expectations and damaged international relations.


The bank depends on the laws of large numbers. They don't need to make money on every customer -- just on average. There are several ways that zero interest makes sense to them: You asked about banks, and I don't think you see this last scheme in use very much by a bank. Here's why. First, customers absolutely hate it - and when you drop the interest bomb, they will warn their friends away, blow you up on social media, call the TV news consumer protectors, and never, ever, ever do business with you again. Which defeats your efforts in customer acquisition. Second, it only works on that narrow range of people who default just a little bit, i.e. who have an auto-pay malfunction. If someone really defaults, not only will they not pay the punishment interest, they won't pay the principal either! This only makes sense for secured loans like furniture or cars, where you can repo that stuff - with unsecured loans, you don't really have any power to force them to pay, short of burning their credit. You can sue them, but you can't get blood from a stone.


I have had better experiences with accountants in smaller towns. It seems they are used to working with small businesses and their reputation is very important to them.


I'm interning right now for the state and it gets boring but I like to ask around for work. I tend to be a multi-tasker and take on several projects at once to keep me sane. They even recruit me to work for other departments outside of mine. The more stuff I do, the better it looks on my resume even if this isn't what I want to do. It benefits all parties to take on more work and responsibilities. If it's engineering, just work your tail off where you are right now and apply for other positions for the school you're in. Network with professors and such to see if they can help you out or with your career service center to see if there are some positions in other places. Best thing you can do is always keep your feet moving. It keeps depression away and benefits you in the long run.


Got job at top 10 bank out of college. First year as analyst I also got involved in college recruiting. There were many discussions on what schools to recruit from. Seemed to be a combo of best reputations, highest rankings, and schools some senior executives went too. Our bank had dedicated recruitment at about 10 to 15 schools. If you got into the analyst program outside of that it was through some connection. If memory serves me, these were the colleges we recruited from. Harvard Yale MIT Dartmouth Brown Cornell Princeton Columbia Duke Nyu Stanford Ucla Cal Think nyu the easiest school that gets dedicated recruiters due to it's size and location. My bank had more west coast and southern focus than other banks. I believe northwestern and u of Chicago get recruited from banks with large Chicago offices.


"The solution I've come up with is to keep income in CAD, and Accounts Receivable in USD. Every time I post an invoice it prompts for the exchange rate. I don't know if this is ""correct"" but it seems to be preserving all of the information about the transactions and it makes sense to me. I'm a programmer, not an accountant though so I'd still appreciate an answer from someone more familiar with this topic."


There are good reasons to not go the cash route here (see Jay's answer). If one insists however, at 30 k€ anti-money laundering regulations have to be considered (and are not mentioned by the existing answers so far). Depositing amounts larger than 10 k€ will trigger questions about the source of the money to fight tax evasion and organized crime (splitting the amount may still trigger the process). So prepare good proof concerning the origin of that money and a paper trail that shows it is legal money and that it has been taxed already. I.e. the latest Anti-Money Laundering Directive is supposed to be implemented by national laws, thus including Spain. The European Union Fourth Anti-Money Laundering Directive is the most sweeping AML legislation in Europe in several years. On 25 June 2015, the EU Fourth Directive was enacted, which replaces the previous Third Directive. With a two-year window for implementation, all EU member states must be compliant with the new mandates by 26 June 2017. Source


"I've heard that the bank may agree to a ""one time adjustment"" to lower the payments on Mortgage #2 because of paying a very large payment. Is this something that really happens? It's to the banks advantage to reduce the payments in that situation. If they were willing to loan you money previously, they should still be willing. If they keep the payments the same, then you'll pay off the loan faster. Just playing with a spreadsheet, paying off a third of the mortgage amount would eliminate the back half of the payments or reduces payments by around two fifths (leaving off any escrow or insurance). If you can afford the payments, I'd lean towards leaving them at the current level and paying off the loan early. But you know your circumstances better than we do. If you are underfunded elsewhere, shore things up. Fully fund your 401k and IRA. Fill out your emergency fund. Buy that new appliance that you don't quite need yet but will soon. If you are paying PMI, you should reduce the principal down to the point where you no longer have to do so. That's usually more than 20% equity (or less than an 80% loan). There is an argument for investing the remainder in securities (stocks and bonds). If you itemize, you can deduct the interest on your mortgage. And then you can deduct other things, like local and state taxes. If you're getting a higher return from securities than you'd pay on the mortgage, it can be a good investment. Five or ten years from now, when your interest drops closer to the itemization threshold, you can cash out and pay off more of the mortgage than you could now. The problem is that this might not be the best time for that. The Buffett Indicator is currently higher than it was before the 2007-9 market crash. That suggests that stocks aren't the best place for a medium term investment right now. I'd pay down the mortgage. You know the return on that. No matter what happens with the market, it will save you on interest. I'd keep the payments where they are now unless they are straining your budget unduly. Pay off your thirty year mortgage in fifteen years."


"It seems that they are also protesting because of Burger King are being ""unpatriotic"" to USA. I feel that seems like a pretty silly idea to get behind in my opinion but that is just my shallow laymen's observations so, oh well."


Except, restricting how the economy can be controlled is a slippery slope into financial control of the nation by outside interests. The real issue is that every extreme becomes a problem, and trying to block every extreme is futile. Controls should impede, but not completely stop, extremes. The impedance method should return the force against it as support or growth for the nation. Financial growth of any outside interest connected to the government or in this country should bring more and more wealth into the nation, while slowing the growth of the financial extremes, but never stopping it. Special Interest groups need to return to the country a share of what they gain through their work with the government and our people. Religious groups should return money and support of the lower class. Women’s advocacy groups need to return value for their gains. The NRA needs to return value for its gains. The poorer populace should return work for the country in return for education, health care, housing, food, and wages. Harder and smarter work, better progress through education, should be rewarded with better benefits and eventual financial “freedom” (there is no true freedom in a world of limited resources and competition, so the idea of “true freedom” is ridiculous). We should, however, endeavor to give as much freedom as possible. There should be an uncomfortable minimum below which a person may only fall if they refuse to work and get educated.


If you can generate a higher ROI by renting than by cashing out and investing, then you should rent it out. Please consider your risk tolerance as well. It's always a personal decision whether to assume higher risk for a higher return.


> Ever considered that I'm not even American? So basing my arguments on your constitution wouldn't make sense to me. Okay, my bad. My assumption was wrong. But now you are left with no support to your claims about what a social contract can be. > Capitalism is barter. You don't neither need government enforcement nor centralized currencies... If that is true, how do you explain that capitalism didn't start until the 16th century, after private property and currencies were already established? > Capitalism does not require maintenance... I never said it did. I said when someone can work because of government services it makes sense part of that person's income should go to maintain/improve those services. > Are you seriously going to base your arguments on a game... My argument was that a capitalist system without wealth redistribution is unstable. Monopoly is a simple illustration as to why. I consider my argument unchallenged if your only criticism is my choice of example.


Generally a diversified portfolio will give you a better overall return --a couple of factors that may address what you are looking at - 1) Correlation - The correlation between your two funds is still very high -- it's partially a function of how global economies are related and many companies are now multi-national. It may help if you diversified into other types of products. 2) Diversification - Following up from before, you may want to also look into diversifying into some bonds, commodities, reits, etc. They will have a much smaller correlation with a total domestic stock fund. 3) Returns - I'm not sure if by dominate you mean that it has better overall returns, but the point of diversification is to to get you the highest returns. It's really the ability to limit the risk for the returns - this really translates to limiting the volatility. This may mean that overall your max returns could be lower-- ie: maybe VTSAX gives potential average returns between 3%-11%. A diversified portfolio may give you potential average returns of 5%-9%. A similar article debating the merits of 'smart beta ETFs' if you are curious. Hope that helps.


Just because target is ultimately to blame doesn't mean the behavior is ethical. It is disappointing that so many think of ethics as anything they can get away with and avoid punishment. That isn't ethics, that is weighing risks and rewards.


Learn how to do the job and don't be afraid to step in and help out. If you never do this people will assume you think you're too good to do the work they do and they won't respect you or your authority. Being good at something gives you natural authority and people will seek you out for advice/direction. Trust your employees to do their jobs until they prove otherwise. Management is a relationship and relationships are based on trust. If you want to be untrusted the very best way to go about it is to show you don't trust the other person. If you're not trusted then no one is going to follow your untrustworthy advice/direction. Stay calm even when things are going terribly. Even if you're freaking out on the inside it's best to show a calm front. If you're constantly on edge it will amplify through your employees and a chaotic workplace is obviously less efficient overtime. If you lose your cool apologize sincerely. Be positive. Always have something good to say about something and employees will more likely be able to stay positive. If you're negative all the time then again this is going to amplify through employees and if everyone is gossiping and complaining all day efficiency is going to go down. Be assertive and explain why. Sometimes you can take input from employees and negotiate, but sometimes you just have to tell them what to do and it's important to include why because if you include the why people are much more likely to comply as well as to remember what you said. All these things may not make you liked. If your goal is to be liked then quit because all bosses aren't liked by many employees. You will be more likely to be effective and at least respected.


"I think you misunderstand the purpose of the liability account. I would suggest you review the standard accounting model, but to give you a brief overview: Income and expenses are money coming into and out of your possession. They are the pipes flowing into and out of your ""box"". Inside your box, you have assets (bank, savings, cash, etc) and liabilities (credit cards, unpaid debts, etc). Money can flow into and out of either asset or liability accounts, for example: deposit a payment (income to asset), buy office supplies with cash (asset to expense), pay a bill with credit card (liability to expense), customer pays one of your debts directly (income to liability). Paying off a debt with an asset does not affect your overall net worth, so paying a check to your credit card bill (asset to liability) doesn't decrease your total balance, it merely moves the value from one bucket to another. Now to your question: Mandatory payments, such as taxes or insurance (or for that matter, utilities, rent, food- all things that ""must"" be bought occasionally) are not liabilities, instead they are all expenses. They might be paid FROM a liability account, if they are paid on credit for example, but the money still flows from liability to expense. In my own records I have Expense:Taxes and Expense:Insurance, with sub-accounts in each. Where the money comes from depends entirely on how I pay my bills, whether from cash or banks (asset) or whether it's a charge (liability). Sometimes you receive payments back from an insurance company. I find that rather than treating insurance premiums as a positive balance in a liability (with eventual payments as debits to the liability account), it is better to treat any payment from the insurance as income. Hope that helps!"


The people in this thread thinking that this won't happen soon are don't realize the extent to which we already entrust our lives to automated solutions. Go to a hospital and if you have a serious injury you'll be hooked up to machines that monitor your life and if they break you can die. Already planes have been automated to the point that the pilot just sits there to give the illusion of comfort for the passengers (and can handle the few dangerous situations which the AI can't handle yet). The military is investing in this technology in a major way, and once it reaches maturity the savings companies would make off of it would ensure that they'd get it to be legal. In the end, it would be better than a human pilot, because of its ability to network with all the other uavs in the air, its unwavering concentration and its faster reaction speed. I can't wait for the day when I can get onto an automated plane, or an automated car (which I think will arrive first, they're already street legal in Vegas where Google is testing their car).


Good points. It's not a completely new shift, as some equities are behaving as one would historically expect: $LMT just missed earnings and investors are responding appropriately. So while overall things seem somewhat strange, there are still classic signs of behavior.


I'm very sorry to hear this. Did you ask the professional to put his advice in writing? At the very least, you can get him reprimanded or even have to make good on what his advice cost you. Professionals like him give bloggers like me a bad rap. In the end, a loss from sale of your home cannot offset any other gains. The gain from your home sale is often not taxable as up to $250k per person (for a couple) is excluded if you lived in the house for two of prior five years. By the way, where, exactly, did you read this? 'Everywhere' is pretty broad. I've been around for some time and never saw this particular incorrect assertion before.


"Yes, they are. Ridesharing is just a term for Unmarked taxi booked through app. I have no issue with that, since ""Government regulated taxi"" is so awful in almost every city on earth, that ridesharing has improved safety and convenience."


Are you saying that you did not tell your employer, more specifically, your payroll department, that you got married, via a W4? The W4 does not say '25%' bracket, but it asks for how many withholding allowances you plan to take. In effect, you are withholding at the single rate, but are married now. When you do your taxes for 2013, you'll see the full effect of what the W4 has on your withholding. I suggest you use this time to update the W4, and not lend money to Uncle Sam. Here's the current tax table from FairMark Publishing. 2013 gives a single a combined $10K in standard deduction and exemption, with a couple getting $20K. For a simple return, this is the info you need to figure out what you'll get back, and conversely, how much to pay next year. e.g. a gross of $50,000 - for single the tax is on $40,000. $5929. For a couple, $30K taxable is a tax of $3608. On a side note - I strongly recommend Roth accounts when in the 15% bracket and shift to Pre-Tax accounts as you get into the 25% bracket.


There's no easy answer, and you're asking others to do all of your research. Read up on utilities in North-West Europe and figure out their energy fuel mix. If 1 of the Company's 2 nuclear reactors went offline, they'd have to make up for the energy they've promised through another fuel source, or purchase the power from a different utility co. You'll have to research their fuel mix, back up power generation, PPA's, Hedging strategy & position, and so on. Otherwise, if you think a large portion of nuclear will go offline, what's the next largest source of power for those companies? Coal? Natural Gas? Oil? Go Long the backup fuel.


"I am a female that works for a photo studio in berlin. I work ""part time"" (as in, I started at four hours per day and now I can work up to 8 if there is enough work). I make 8 euro per hour (not a lot but I don't speak fluent German and I scan photos), I have health insurance, I have sick and vacation time (24 days). I am married to a German with a full time job so, of course, I have it better. However, if we didn't make enough money you can go and apply to get help from the government. My husband said they would give him at least 300euro per month. Trick is that since I am a US citizen and looking for a permanent visa in three years they check to make sure you haven't gotten any government aid. They don't want to support more people that can't or don't want to work. That being said my mother-in-law cannot work due to medical reasons and she lives very comfortably in a good apartment. Our last apartment was a studio/one room apartment and we paid 230 euro per month. Even making the money I do without my husband I could afford the basics. Even now we pay 57 euro for electricity. About 20 euro a month for our phones. 20 euro a month for internet. It is way less expensive than the USA. My mom pays about $90 per month (my aunt sometimes has $1,000 electricity bills). Water is another $30. Cellphone another $60, cable and internet another $120. I would say that living in the USA is far more expensive. Edit: to put it very simply. I used to make on my own in the USA about what my husband and I both make, combined, in Germany. In the USA I could barely make ends meet. I lived with my mom and sister. Paid as little rent as I could, barely had enough for food. I had a good job! I was lucky to have health insurance but it was still really expensive to go to the doctor. Here, in berlin, we have a large apartment in a nice neighborhood. With paying rent and all of our must haves every month we have over 500 euro left. That is pretty good. In the USA I was lucky if I had $20 by the end of the pay period."


Not necessarily. You can set any rules that you like, and you can get capital from other sources. In our company's case, you have to work there for a year before you are eligible to join the co-op. The buy in is given as an interest free loan taken through payroll deduction. We don't get to share the profits generated by the labor of people who are not members of the company. Those stay as retained earnings. We can take on loans as well as outside investment as long as the outside investors aren't given voting rights (via restricted preferred stock).


It would be hard to say everything is overvalued when value is relative between any two items or services. Most large corporate entities will hedge their positions, so even if a subset of securities or commodities moves negatively they preserve their value. Most of the people that promote these types of ideas are selling something that has an inverse correlation with the market, so they hope to get others to buy in and drive up prices for them so they can cash out. Or they are doomsday-conspiracy types.


Agreed. I had a relatively fresh (five years old) Chap. 7 bankruptcy on my record when a potential employer ran a credit check prior to employment. When I signed the form OKing the check, I told them what they'd find and said I was happy to explain it. I wrote a letter, they put it on file for the insurer (I needed to be bonded for this job -- I was co-signing six-figure checks) and it was fine.


> (mostly ivy leaguers on Wall Street, they've worked their asses off for these jobs). I spent 6 years in the military and government, 2 of them in Iraq. Getting my job in banking was more difficult and more challenging than anything I had ever done up until that point in my life.


Yes, that is correct. There is no limit. An initial public offering of common stock by a company means that these shares remain outstanding for as long as the company wishes. The exceptions are through corporate actions, most commonly either


">""The haranguing had zero effect,"" Sunstein told The New York Times, referring to the year-long lobbying blitz by the for-profit college industry, which fought a relentless campaign to stave off consumer protection regulations and maintain access to billions of dollars in federal subsidies. Every time I read something like that I imagine the scene in Shawshank Redemption where the warden is given a pie with a bunch of cash in the box and realizes immediately that his guys can't possibly do the job that the briber was bidding on."


"Most people cannot use pgp/gpg and setting it up would, in order to do that correctly, require voice fingerprint verification. Don't. Just write a word doc and either encrypt it when saving using the ""save as"" function or encrypt it using zip and email that to them. Then call them and tell them the password. Done."


"they make their money by serving weight loss ads and selling virtual coins so people can ""win"" at farmville. their business model is virtually absolutely dependent on the grace and prosperity of Facebook. its a bubble, and it shouldn't surprise anyone. the fact that society considers what zynga does as valuable is almost in and of itself an argument that modern capitalism is rotten. i don't consider them industrialists, this overvalued IPO is a scam based on a fad supporting lowest common denominator advertising."


This is exactly what it is, those rich suburanites live too far out of their current footprint for timely delivery service. Not anymore. For example, in Georgia there are 5 Whole Foods in some of the most affluent neighborhoods in Metro Atlanta that Amazon Fresh currently does not service.


1500 what? Items purchased at a supermarket? Assuming I purchase 50 items during a serious visit (a pretty low estimate) 1500 data points only represents 30 visits. If I go to the supermarket once a week, that's not even a year's worth of data. How about websites? According to [this guy](http://kickstand.typepad.com/metamuse/2007/10/how-many-web-pa.html) an average internet user initiates between 120-140 unique pageviews per day. taking the low estimate, 1500 data paints doesn't even represent two weeks of data (12.5 days). 1500 data points is NOTHING when you're trying to predict consumer behavior.


I hope they can keep it, but that goes also together with all other freedoms, which all xenophobic UKers don't seem to be ok with. And they should pay some serious cash, which might not seem acceptable at the time of the negotiations.


Military members are duties in the rural area and they can offer to live the rural area in the off-base houses. They are so expensive. But all the Military Housing Rental charges are not equal. In the rural area, there is a lot of peace and prosperity or financial battles.


Congrats on saving aggressively when you're young. I'm not a huge fan of tax-advantaged accounts because the rules can change on them, and there's already a penalty for you to take out that money for most purposes until you've almost tripled your age. Free money (a match) overcomes this reservation for me, but I'm not contributing anything beyond that. I'm paying my taxes on the rest and am done with them. Watching your money grow tax-free for another 37 1/2 years only to see your (and everyone else's) marginal tax rate rise isn't much fun. I'm not saying that will happen, but it certainly could.


I will never forget a Best Buy sales person telling me I NEED gold tipped hdmi cables that cost $100+ or I'm not getting the most out of my TV. Fuck you Best Buy. You will never earn my trust back.


"You can place the orders like you suggested. This would be useful in a market that is moving quickly where you want to be reasonably sure of execution but don't want the full exposure of a market order. This won't jump your spot in the queue though in the sense that you won't get ahead of other orders that are ""ready"" for execution just because you have crossed the spread aggressively."


The salary of a coal miner with a couple years of experience is $29/hour. After a couple years at Arby's a good worker might make shift supervisor at $10/hr. Thousands of products are made from coal including pharmaceuticals, soap, dyes, solvents, plastics, nylon, and carbon fibers. Miners would still be needed even if coal wasn't used for energy. Fast food workers could disappear tomorrow and we'd just be healthier.


While it is often true that loyalty is not rewarded with a pay increase, jumping jobs too often can prematurely inflate your pay. I have seen people fresh out of school have 3 different jobs in 5 years, each one with a nice pay increase. Then suddenly, the company needs to trim some fat, hey look at this person with average output but slightly higher than average pay who has only been here a year. Looks like the best choice to cut.


> Back to following me from sub to sub I see.... Sorry - I've been in /r/economy much longer than you and as /u/bashyourscript pointed out, your history if these kind of posts is well established. If you don't want to be called out on woo woo posts, then don't make them.


In addition to a fee-only advisor, brought up by dg99, you could consider asking your questions on message boards such as Bogleheads.org. I have found the advice amazing, obviously conflict-free, and free.


If you are going to be buying a house in 1-2 years, I would be putting my money into a short term holding area like a high interest (which isn't that high right now) or a CD (also low interest) because of your near-term need. I wouldn't use the Roth option for your down payment money. If you invest in something volatile (and stocks/mutual funds are very volatile in a 1-2 year term) I would consider it too risky for your need and time frame.


Apoorva apparently doesn't like competitive according to my friends text, so I asked him if that means Instacart is being purchased as well. Makes sense, why compete when you can just get acquired or go acquiring other businesses


1. People love free and don't hate ads all that much. 2. There are plenty of sites that have a donate or subscribe button in lieu of advertising. But it only really works where the fan base is passionate.


The basic fundamental flaw in our reasoning is this: The Afghan will always see us as an invader and they fucking hate us, through and through. If we can get this through our head we will understand why after we train them and arm them, they still shoot us. Trying to bring India into Afghanistan, is simply ideologically idiotic, the Taliban will never give into Hindu Idol worshipers no matter what, Muslims count their pedigree from the Arab conquerors who destroyed Hindu temples and Idols, not look at them as benevolent saviors and India's Israeli connection is simply a no go with the neighbors, no matter how much sun shine we blow up India's ass. Yeah and did I mention the main thing They fucking Hate us


"You seem to be assuming that ETFs must all work like the more traditional closed-end funds, where the market price per share tends—based on supply and demand—to significantly deviate from the underlying net asset value per share. The assumption is simplistic. What are traditionally referred to as closed-end funds (CEFs), where unit creation and redemption are very tightly controlled, have been around for a long time, and yes, they do often trade at a premium or discount to NAV because the quantity is inflexible. Yet, what is generally meant when the label ""ETF"" is used (despite CEFs also being both ""exchange-traded"" and ""funds"") are those securities which are not just exchange-traded, and funds, but also typically have two specific characteristics: (a) that they are based on some published index, and (b) that a mechanism exists for shares to be created or redeemed by large market participants. These characteristics facilitate efficient pricing through arbitrage. Essentially, when large market participants notice the price of an ETF diverging from the value of the shares held by the fund, new units of the ETF can get created or redeemed in bulk. The divergence quickly narrows as these participants buy or sell ETF units to capture the difference. So, the persistent premium (sometimes dear) or discount (sometimes deep) one can easily witness in the CEF universe tend not to occur with the typical ETF. Much of the time, prices for ETFs will tend to be very close to their net asset value. However, it isn't always the case, so proceed with some caution anyway. Both CEF and ETF providers generally publish information about their funds online. You will want to find out what is the underlying Net Asset Value (NAV) per share, and then you can determine if the market price trades at a premium or a discount to NAV. Assuming little difference in an ETF's price vs. its NAV, the more interesting question to ask about an ETF then becomes whether the NAV itself is a bargain, or not. That means you'll need to be more concerned with what stocks are in the index the fund tracks, and whether those stocks are a bargain, or not, at their current prices. i.e. The ETF is a basket, so look at each thing in the basket. Of course, most people buy ETFs because they don't want to do this kind of analysis and are happy with market average returns. Even so, sector-based ETFs are often used by traders to buy (or sell) entire sectors that may be undervalued (or overvalued)."


US currency doesn't expire, it is always legal tender. I can see some trouble if you tried to spend a $10,000 bill (you'd be foolish to do so, since they are worth considerably more). Maybe some stores raise eyebrows at old-style $100's (many stores don't take $100 bills at all), but you could swap them for new style at a bank if having trouble with a particular store. Old-series currency can be an issue when trying to exchange US bills in other countries, just because it doesn't expire here, doesn't mean you can't run into issues elsewhere. Other countries have different policies, for example, over the last year the UK phased in a new five pound note, and as of last month (5/5/2017) the old fiver is no longer considered legal tender (can still swap out old fivers at the bank for now at least). Edit: I mistook which currency you took where, and focused on US currency instead of Canadian, but it looks like it's the same story there.


I cannot imagine an organizer being worth enough to consider depreciating the expense over a period of time greater than one year. Also, once you write in an organizer, it's pretty much worthless to anyone else. Talk to your accountant if you'd like, but I cannot see how you would classify a fancy organizer as a fixed asset.


I had an internship and they hired me afterwards. Honestly sounded like a good way to break in. I also learned a whole new language for the internship and wanted to continue using it instead of any of the languages taught in school. Not sure if the company would be considered good or bad. I ended up being solo for a long time but also building three applications ground up. I felt like I was improving a lot, especially on projects they gave me lots of leeway on because they were low priority (they just wanted features, no emergency bug tickets, etc). But no peers for most of my work and all the software was privately made and privately licensed/sold. I also had difficulties leaving because I'm an idiot. With no backup me leaving basically meant they would be fucked, and they were my only reference. I was fine taking that salary because I had zero experience (no job. Ever. Not even volunteering. My mother wouldn't let me because of snobbiness), however once I was more valuable to this company and they even praised me for it in the assessments -- they gave out 2% raises. Later my bonuses decreased as my hours and responsibilities increased, too. I asked to be taken off the stressful project, thinking I could salvage this, and they hired a replacement for me to train 3 months later. I got the high leeway project again for 6 months and my job satisfaction was phenomenal by comparison so i stayed. However, then my replacement was fired... So they asked me as a favour to work on the stressful project again and said they would replace me in a month and a half. They didn't. I worked on it for 8 months, I kept asking about it too. Their job posting was also terrible and they roped me in on it at the end and I gained the responsibility of recruiting and vetting (yay for that one actually...). We hired another replacement for me, I trained them too, and left immediately. Actually I regret staying there as long as I did. They gaslit me and I shouldn't have tried to make up for their incompetence. They actually made me a contractor at the end so I was getting paid half of what I originally was. Before I left I asked for a competitive raise and the company owner basically lied about details and tried to tell me what a fuss I was trying to talk about my happiness and what I want once a year... It was surreal but they agreed to bump my pay in the end. However, I was furious by their treatment and reply (which BTW came after I 'suddenly did not show up' despite bolding and clearly stating I would cease work with them and informing the people I worked with on the last day that I heard nothing back from the owner about a new/extended contract), so I said no. I don't know how to negotiate. I am too humble. Selling oneself or seeing someone sell themselves makes me physically uncomfortable. It is completely unnatural, and sets off my bullshit alarms. Actually I seem to have some PTSD from that job, now, too...


"Almost all companies in the US have changed from formal pension programs to 401k plans, and most companies that still have pension programs don't allow new employees to enroll in the new program; only the previous participants who are vested in the pension plan will get benefits while new employees get enrolled in the 401k plan. If this is the case with your prospective employer, then demanding that you be allowed to enroll in the pension plan is likely to be futile; in fact, the likely response may well be ""Here is our offer. Take it or leave it"" or ""We are withdrawing the offer we made"" especially if you are in a field where there are plenty of other people who could do the job instead of you. So be sure that you understand what your worth is to the company and how much leverage you have before starting to make counter-offers. With regard to money that you might have vested in your current employer's pension plan, your options are to leave it there until you retire and start getting a pension (generally not advisable in these parlous times when the company might not even exist by then), roll it over into an IRA or into your new employer's 401k plan. This last is the only matter that concerns your prospective employer and where you might need to ask; the new employer's 401k plan might not be structured to accept rollovers. If the money in your current employer's retirement plan is in a pension plan, what is paid out for rolling over might be different (and smaller) than what has been credited to you thus far. For example, my (State Government) pension plan credited 8% interest per annum on the amounts I contributed but this was fake money because had I resigned and withdrawn the pension contributions (for the purpose of rolling over into an IRA or even just taking it as cash), I would have received only my contributions plus only 4.5% interest per annum. The 8% interest credited is available only for the purpose of the purchase of an immediate annuity upon retirement; it is not something that is portable to a new plan, and if I want a lump-sum payout upon retirement instead of a pension in the form of an annuity, it would be the 4.5% rate again..."


"I meant ""we"" in terms of the US Treasury, which currently owes over 100% of GDP. And that's cooking the debt numbers down using cash accounting and cooking the GDP up by lying about inflation, among other things. Plenty of people are doing better than ever, particularly those who have their hands in the cheap money thrown around by the Fed."


The only drawback is if you spend more than you can with the new limit and end up having to pay interest if you can't pay the balance in full. Other than that, there are no drawbacks to getting a credit increase. On the flip side, it's actually good for you. It shows that the banks trust you with more credit, and it also decreases your credit utilization ratio (assuming you spend the same).


In addition to what quid said, I think your risk tolerance should depend on how likely you are to need the funds in the near future. Say that you have $100k saved up and you want to decide how to invest it. Then you should ask yourself: The idea here is that if you invest say in stocks (high risk) then the value of your position could drop significantly and you'd potentially have to wait for a long time before it recovers. If you are forced to sell you could make a substantial loss. If you don't urgently need this cash, however, then you can feel relaxed and just wait for the market to reverse again. This is viewing risk through the lens of how likely it is that you'll have to wait a long time to get a substantial amount of your money back, which itself is a function of how likely it is for a substantial downturn to occur in a certain market.


>Yes, but at the root of it is the consumer. Complaining that these trusted sources are not adhering to principles of journalistic integrity while they are desperately trying to survive, thrive and adapt to a completely shifting paradigm where competition is lowering the bar and the same consumers are unwilling to step up and reward journalistic integrity - this is what happens. Essentially we get what we pay for. Absolutely, but the difference is that western media now resembles grocery store gossip magazines more than journalism. > >We can lay blame on the media organizations as much as we care to, but the reality is we’ve reached a point where most people like to be given talking points and sound bites that vindicate their point of view rather than actually try to obtain facts and form their own opinions. The truth is rarely accessibly in the bite-size pieces our society today craves. That's well and good but they're trading on the credibility of yesteryear and selling us clickbait. Many people still trust these outlets but more are rejecting them. Social media accelerates agenda and de-emphasizes truth. > >Trust in the media is at an all time low for no other reason than we allowed it to happen and rewarded the media for going down that path. We’ve created a system that does not reward what we say we want from media, rather rewards the actions that show we want the complete opposite. We are customers. We didn't allow it to happen so much as companies evolved in that direction. The government also repealed fairness and anti propaganda legislation so that has contributed as well. > >If I may inquire, how many people reading this pay any premium for good journalism? I will be the first to sadly admit I do not. How many people take media outlets with disabled comments and archival seriously? > >Obviously this means I am also part of the problem despite making an effort to look at news from all sides - I am just a guilty as most to reinforcing the same system that has destroyed journalistic integrity. You're more moderate than most, at least you're questioning and examining your perspective, your reasons for belief and a willingness to change.


Are there any documented cases of OneWest foreclosing on people that were current on their mortgage payments? If not, this seems like much ado about nothing. If you're a deadbeat and don't pay your mortgage, the lender has every right to take your house.


Okay, if you pay me money, and then i send it back to you, that's not the same thing as you paying no money and me sending you money. The state is not out any money it wouldnt have if the factory wasnt there. To rephrase, the state has just as much money as if the factory was not there, except they will get additional tax revenue in the future and get more jobs for citizens.


Alright my dude, I looked over it. Not sure what the ls&s project proposal is (so, it's hard to sanity check your numbers - you also don't include a growth percentage in those operations, so I assume that is correct or under contract), and I have no idea if the 250k / year is reasonable for library materials on the ls&s, but I would totally expect the internal service charges to vary - would you expect either model to effect them more, why or why not, and provide a model for potentials? Also, you have some English I would recommend you clean up before sharing. Good luck!


"One alternative strategy you may want to consider is writing covered calls on the stock you have ""just sitting there"". This will allow you to earn a return (the premium from the calls) without necessarily having to give up your holding. As a brief overview, ""options"" are derivatives that give the holder the right (or option) to buy or sell shares at a specified price. Holders of call options with a strike prike $x on a particular security have the right to purchase that security at the strike price $x. Conversely, holders of put options with a strike price of $x have the right to sell that security at the strike price $x. Always on the other side of a call or put option is a person that has sold the option, which is called ""writing"" the option. If this person writes a call option, then he will be obligated to sell a certain amount of stock (100 shares per contract) at the strike price if that option is exercised. A writer of a put option will be obligated to by 100 shares per contract at the strike price if that option is exercised. Covered calls involve writing call contracts on stock that you own. For example, say you own 100 shares of AAPL, and that AAPL is currently trading for $330. You decide to write a Jan 21, 2012 call on these shares at a strike price of $340, earning you a premium of say $300. Two things can now happen: if the price of AAPL is not at least $340 on January 21, then the options are ""out of the money"" and will expire unexercised (why exercise an option to buy at $340 when you can buy at the currently cheaper market price?). You keep your AAPL stock plus the $300 premium you earn. If, however, the price of AAPL is greater than $340, the option will be exercised and you will now be required to sell the shares you own at $340. You will earn a return of $10/share ($340-$330), plus the $300 premium from the call option. You still make out in the end, but have unfortunately incurred an opportunity cost, as had you not written the call option you would have been able to sell at the market price, which is higher than the $340 strike price. Covered calls are considered relatively safe and conservative, however the strategy is most effective for stocks that are expected to stay within a relatively narrow price range for the duration of the contract. They do provide one option of earning additional money on stocks you are currently holding, albeit at the risk of giving up some returns if the stock price rises above the strike price."


They're understaffed. There's one lady who works in the office and lives onsite. She's the right lady for the job because she is on top of absolutely everything, but she's way overworked. So the company above her probably justifies it that they're not putting in any extra payroll, just overworking the poor lady.


"For starters, if you're not making any money doing something, it's a hobby. It sounds like you want to work for the current owners making THEM money as a hobby. If that floats your boat, go crazy. Show enough motivation and they may offer to ""sell"" you the business for $1, or some other surprisingly low dollar figure. This will seem like a gift worth dropping out of school for, but be extremely careful before getting excited. Odds are when you take over the business, you end up assuming their debts too. Mortgages, rent payments, back payroll, equipment loans/leases, and possibly any back/late payments from before your takeover. Use your first few weeks as an academic study ""for a school project"". Get a copy of their books, find out where the consistent money is and see how to grow that. They may be selling games at a loss because their crowd consistently buys enough beer to cover expenses. Or maybe the money from that stupid crane game covers the electric bill for the whole place because Bill has a problem. Learn, study, and ask more for information as payment than cash. The only way it make real money is to actually take over ownership of the place, so take the long view and build toward that instead of a salaried manager gig or something."