Yes, 6% is a waste of money, because some other brokers such as IB offer margin rates below 2%. Also, to borrow money for even less than any broker's margin interest rate, one can do an EFP transaction. This involves simultaneously shorting a stock and buying the SSF for the same stock. When the futures contract expires, you take delivery of the underlying stock to automatically close out your short position. Until then, you've effectively borrowed cash for the cost of borrowing the stock, which is typically less than 0.5% interest for widely traded ones. You also pay for the slight difference in price between the stock and the future, which is typically equivalent to another 0.5% interest or less. The total often comes to less than 1% interest. The only risk with this transaction is that the stock could become hard to borrow at some point, so then you would have to pay higher interest on it temporarily or maybe even have to close out your short early. But it is extremely rare for large, high-volume stocks to become hard-to-borrow. The borrowing cost of SPY has spiked above 5% on only a handful of days in the last decade.


"Here is, from Yahoo Finance, the S&P 500 over the last ~60 years (logarithmic scale): The behavior since ~2000 has been weird, by historical standards. And it's very easy, looking at that graph, to say ""yes! I would have made so much money had I invested in March '09!"". Of course, back in March '09, it wasn't so clear that was the bottom. But, yes, over the last 10 years or so, you could have made more money by adopting a rule that you'll accumulate cash in a FDIC (or similar) insured savings account, and dump it into an S&P index fund/ETF when the index is n% off its high. Of course, if you look at the rest of the chart, that strategy looks a lot less promising. Start in the early 80's, and you'd have held cash until the crash in 2000. Except for the recent weirdness, the general trend in the S&P 500 (and stock markets in general) has been upward. In other words, to a first-order approximation, the S&P 500 is always at an all-time high. That's just the general trend."


Everyone wants good health in the immediate sense, of course. However, it certainly doesn't stop many from smoking or drinking. Do people complain about firemen or police taxes like they do with the price of healthcare? Just like the government insuring all of college debt in guaranteed loans, it will only add fuel to the fire. It's the same story again and again Medicare and medicaid is already an expense in the form of taxes that is beyond comprehension. Government needs to get out to improve the costs, both lobbying and legislation portions.


Regulated vs unregulated crypto makes sense - it seems like it's easier for government officials to simply enforce a blanket restriction on cryptocurrency transactions of all kinds than bother to make the distinctions between different types. I expect China's shutdown will be the first of many in terms of national governments on cryptocurrency.


How would they make money from it? They sell you the software for $100 (US example; could as easily be 100 Euros or 10,000 Japanese Yen). You use it to make recommendations on your blog. Your blog becomes rich from advertising. They sold $100 worth of software. If they spent $1 million in labor developing it, they're way behind. Another problem is that the software would stop working and need adjusted periodically. This is easy to do on a server but annoying on a PC. And who pays for the adjustments? Put both those things together, and it's a lot easier to do on a server. Another advantage is that a server can get a better data feed as well. Pay a premium for the detailed information rather than relying on public sources. And people are used to renting server access where they expect to buy software once. Another issue is that they are unlikely to beat the market this way. Yes, AIs have done so. But that's the latest AI, constantly adjusted. This is going to be a previous generation AI. It's more likely to match the market. And we already have a way to match the market: an index fund. If someone had a brilliant AI, the best use would probably be to sell it to a fund manager. The fund manager could then use the AI to find opportunities for its existing investors. Note that a $10 billion fund with a 10% return that gives a .1% commission would be paying $1 million. And that has no marketing or packaging overhead. Think $10 billion is a lot? Fidelity has $2 trillion.


I have a couple of questions regarding Bank Loans. 1.) can they ever trade above par? From my understanding, most get called due to refinancing. 2.) if a bank loan has a floor attached to it that's tied to LIBOR, say 100bps, and that floor is pierced, does the floor automatically disappear, or does that specific loan need to be refinanced before the floor can be done away with? Additionally, should an investor be more cautious when investing in a bank loan without a floor? With regard to the second half of my question, I would think an investor would demand a higher yield without the assurance of a floor.


I'm going to echo Phil and say that you should add more information. That being said, I think it is possible for you to owe the government that much. If you received a federal health insurance subsidy and live in a state that didn't expand medicaid, you could have received a subsidy through out the year that you did not end up qualifying for. It appears you are outside the medicaid limit of 133% of the poverty level($11,670) or $15,521. If you received a subsidy of $275 a month from the marketplace, you would have received $3300 worth of aid from the government that you don't qualify for. Now they are expecting you to pay it back.


So Netflix loses either way under your great plan. You can't watch Netflix with Comcast's shit quality so you cancel, you can now watch it but Netflix is paying for access and you say they should cancel out of principle. Comcast doesn't care. They compete against Netflix and are losing to them in subscribers. Comcast also has virtual monopoly powers in many market areas. I'm not seeing how complaining to Comcast solves anything.


We're in the learning curve phase. Once people familiarize themselves with them, they will be a breeze. Also, they still require employees but 1 employee usually watches over 4 kiosks. These things will easily pay for themselves and then some eventually. They can work 24 hours a day and never get sick.


"You don't have to hire a tax consultant, there is a number of companies who sell software (installable or web-based) that helps you do it by asking for all relevant data interview-style. These typically cost between 15 and 25 EUR. I'm not sure whether any of them are available in English, but if you can read German well, you should be OK. taxback.com is in English, but to be honest it looks a bit dodgy to me. Now for your questions: are there some tricky fields (lines) that after filling in my taxes will be counted higher? This is rare, at least for employees you nearly always get something back. are there some tricky fields (lines) that after filling in my taxes could be counted lower? Not in general. Marriage is mentioned below, and otherwise it's all about individual deductibles. Ah, one important factor: if you have investment income and have not filed a Freistellungsauftrag with your bank, you can get some of the taxes by filling out the ""Anlage KAP"" form with data you got in the Jahressteuerbescheinigung from your bank. are there some flat-rates (Pauschals) that I could get advantage from? Absolutely. As an employee, the biggest factor is the Werbungskostenpauschale of (I think currently) 1000 EUR for general work-related expenses, which will be accepted without proof. If your expenses are higher than that and you file individual expenses, there are flat rates for work-related moving and for commuting distance. is it better to give a tax return together with my wife (who was only a girlfriend in 2013 living with me in one household) or to give it separately? It's not possible to do a joint tax filing for the time before your marriage. What you should consider is to apply for a different tax class from now on, if one of you earns significantly more than the other. when separately, do I have to fill her information in my tax return or can I just pretend there is nobody else in my apartment? As far as taxes are concerned, unmarried roommates are treated completely separately with one exception: only one of you can deduct service charges included in your rent. You have to get a Nebenkostenabrechnung from your landlord, and service charges, i.e. janitor, gardener, etc. should be marked separately. But this may not be worth bothering with, usually it results in a tax return of maybe 15 EUR. is there any guide in English that could be of help with filling in the tax return form? I couldn't find anything that looked really useful in a short search."


> Any ideas on how to execute this? I don't have any licenses or degrees in business, but I think that there are government resources that can help you. The best one I see, so far, is [information](http://www.irs.gov/businesses/small/article/0,,id=99336,00.html) from the IRS, about federal taxes and business. It is a good starting point. And, I would recommend finding, and talking with businesspeople who have done things like this, before. It is apparent that you are doing that, and I wish you luck. I do hope that you'll keep us in the loop about this, and ask any additional questions. :)


The cost of living is quite high in New York City. It has the highest CPI (Consumer Price Index) of any city in the U.S. Salaries also tend to be highest in NYC. Just about any bicycle lock sold in the U.S. has an exception in its warranty for NYC. It is the most populous American city. So, why do people deal with all the hassles of living here? Because, it is a hotbed of activity. I venture that the advantages are basically the same in Zurich:


I see this same argument with Amazon who's P/E is also through the roof. Valuation is way more complicated than looking at income statement ratios. There are some pretty solid reasons for its valuation. I'm inclined to agree it is overvalued, but not as much as you think.


It is possible to not use checks in the US. I personally use a credit card for almost everything and often have no cash in my wallet at all. I never carry checks with me. If we wanted to, we could pay all of our monthly bills without checks as well, and many people do this. 30 years ago, grocery stores didn't generally accept credit cards, so it was cash or check, though most other kinds of stores and restaurants did. Now, the only stores that I have encountered in years that do not accept credit cards are a local chicken restaurant, and the warehouse-shopping store Costco. (Costco accepts its own credit card, but not Mastercard or Visa.) Still, we do pay the majority of our monthly bills via check, and it would not be shocking to see someone paying for groceries with a check. I can't name the last time I saw someone write a check at a store exactly, but I've never seen any cashier or other patrons wonder what a check-writer was trying to do. Large transactions, like buying a car or house, would still use checks -- probably cashier's or certified checks and not personal checks, though.


It is a decent time to purchase real estate despite dsquid's opinion. I feel dsquid is falling for the old economic psychology of what ever direction its going it will continuing in that direction, which is a bad mentality for any investing (up or down). This may not be the bottom, and there is some sign that another dip is coming with in a year or two. But if you purchase now, and focus on a few key factors you may end up on the upside of the swing. First and foremost location matters more then value of the property. When the pent up demand is eventually released (after we get employment moving in the right direction) you will see a land grab. The first and highest valued places are those with nice neighborhoods and good schools as the young families (economically unburdened) start making homes. Second pay attention to valuation in so much as your burden. This means consider taxes and mortgage and terms of mortgage (stay away from variable or balloon rates). When thing go up the interest rates will lead the way. In this time of uncertainty you should make sure you can cover your mortgage payment with ease. Put plenty down (20% being the recommended to avoid mortgage insurance and long term costs) and shoot low on price. If you're handy you may even consider buying something that needs minor work (outdated kitchen or the like). If you shoot lower then your limit, then you'll be comfortable even if things turn sour for you. Ultimately all this hinges on what you want to do with the property. Its a wise time to buy homes today where you will be able to rent them out tomorrow. But the important thing is aim in the middle instead of at your limit (450 is definitely your limit). Remember banks will always tell you that you're able to afford twice as much as you actually should. And keep in mind, no matter how new or nice the home, it will need work at some point and that costs. So you should have that in mind when you consider savings. Based on your information I wouldnt shoot higher then 250-300k. I have friends who make your salary in dividends plus two incomes and they are comfortable in their home at its 250 price. They are able to afford repairs and upgrade regularly and arent threatened by potential tax hikes (though they gripe of course). The one good piece of advice from dsquid IMHO is that you should be ready for the environment to change. Higher interests rates will weigh on your comfort as much as CPI and increased taxes will so plan for them to be much higher and you'll be ahead of the game.


If I appear to be attacking you, I apologize up front because that's not my intent. * Windows phone has a market share of 2.5% and it's falling. Their market share is more closely compared with Blackberry than with Android or iOS. In addition, they are really only releasing low end phones and there are no known high end phones scheduled. * Office may be better but Blackberry was leading edge and 10 years later, they're pretty much gone. As a developer who has worked with Office products since Office 4.3 back in the 90's, there are just too many components that are clearly 10-15 years old that have not been updated. From data importing to VBA, there is just too much in there that they're just milking for as long as they can. I would add that when they introduced the Office subscription service in 2012, they told users that it was better to buy the subscription instead of buying the software outright because they would be constantly providing functional improvements like Google docs. That simply hasn't happened as there has been nothing but bug fixes for two years. * Azure may have a nice console (it's from 2011) but I'm here to tell you that working with Azure can be downright painful compared to AWS. Whether it's the firewall between two servers, SQL Azure data synch (in beta for 1.5 years and counting...seriously MS, what the f are you doing with that anyway?) to paid support (if you think Comcast ignores you, you aint seen nothing yet), they clearly are working in silos and not listening to their customers. * As for Windows 8, by their own admission, it's been a disaster and has really harmed their brand. 8.1 has brought back some much needed functionality but they need to make Windows 9 a winner, release it immediately and get everyone on it asap.


This is one of those too good to be true things that is actually true. Why? Because only you can do this. Only you can deduct for primary home mortgage interest, only you can get a low cost mortgage (others would have to get investor mortgages at a higher interest rate). So its only a great deal for you. More people would do it if they could, but they can't, thats why you can and should do this. I have a similar setup and it is terrific.


Thanks for the extra info on the property tax. So it sounds like it's going to be $1500 for a $150k house. I'm sure even if it's sold for $150 the state might still value it at $15k and you'll end up with $150 in property taxes which is basically nothing.


I never said they're not going to change. I'm saying it will take far more than a year or two. The article say that a $10/barrel can happen in 2 years. I'm saying no. And it's not inefficiency that's causing expensive electricity. Philippines does not have the basic requirements to create cheap and renewable energy to supply what it needs. Nowhere to build a dam for hydro power. And too many strong typhoons/earthquakes for building wind. Solar power would not necessarily work either. The nation is one of the most biodiverse areas in the world. By blocking large chunks of the islands and depriving the land of sunlight, you are causing massive environmental destruction. Palm and agriculture has already devastated many parts of Philippines, what it needs is more vegetation. Tidal power isn't nearly as developed as the other forms of new energy. And it may also disrupt a very busy marine trade route.


people only go to bestbuy to palm the product then go home and buy it online for cheap. only the most technologically illiterate person would buy from bb. also i met a fucking asshole there who tried to push the protection agreement on me too hard. when i brushed him off he got so sarcastic. lower prices and dont have to deal with prick salesmen? sign me up!


If they are a debt collector, they must follow the requirements of the Fair Debt Collection Practices Act. In particular, they must provide you with verification of the debt at your written request. If they won't give you a way to do this, they are in violation of the law, and you should contact proper authorities. If they are not a debt collection agency, it does sound like a scam, in which case you should also contact the appropriate law enforcement agency.


"If you want an ""account statement"" from the IRS listing the taxes due and paid and confirming a zero balance remaining, you want what they call a Tax Account Transcript. It sounds like you tried to submit this online, but yes, it would require the actual taxpayer to submit it. The other option would be to fill out Form 4506-T requesting the Form 1040 Tax Account Transcript, have the taxpayer sign it, and mail it in. Presumably whatever method you used to have her sign the Form 1040 you prepared for her you could also use to have her sign the 4506-T. Another option could be to try to request the transcript over the phone. I don't know what authentication they require, or if you would need to have been listed on the 1040 as an authorized Third Party Designee. According to the IRS Transcript FAQ Page: Q19. What if I’m unable to use Get Transcript by Mail? If you are unable to use Get Transcript by Mail, you may try our automated phone transcript service at 800-908-9946 and also receive your transcript by mail. Please allow 5 to 10 calendar days for delivery. But unless there's a reason to think that the tax account wasn't credited properly or the IRS is sending another bill or the like, I don't think there's a lot of point in doing so. In general, the fact that the check cleared the bank should be sufficient documentation that the amount was paid."


Nothing's generating a whole lot of interest right now. But more liquid and stable is better (cash or cash-like). But a related question: Why a new car? You can knock thousands of dollars off of the price of a comparable vehicle by buying one that's one or two years old. Your new vehicle loses thousands of dollars in value the moment it goes off the lot.


don't think these sound like WP > Meet The Lawyer Who Helped Defeat Uganda’s Anti-Homosexuality Act >A 26-Step Guide To Understanding Why The U.S. Is Bombing Iraq, > Nothing Says “Sorry Our Drones Hit Your Wedding Party” Like $800,000 And Some Guns


I'm actually in Aerospace and work as an engineer. Imagine the issues with having helicopters landing on peoples driveways. Here are some I can think of: Safety issues with the blades. The sound of helicopters constantly landing and taking off. Air traffic regulation. You can't have trees on your lawn. No birds allowed.


Because even if you won the lottery, without at least some credit history you will have trouble renting cars and hotel rooms. I learned about the importance, and limitations of credit history when, in the 90's, I switched from using credit cards to doing everything with a debit card and checks purely for convenience. Eventually, my unused credit cards were not renewed. At that point in my life I had saved a lot and had high liquidity. I even bought new autos every 5 years with cash. Then, last decade, I found it increasingly hard to rent cars and sometimes even a hotel rooms with a debit card even though I would say they could precharge whatever they thought necessary to cover any expenses I might run. I started investigating why and found out that hotels and car rentals saw having a credit card as a proxy for low risk that you would damage the car or hotel room and not pay. So then I researched credit cards, credit reports, and how they worked. They have nothing about any savings, investments, or bank accounts you have. I had no idea this was the case. And, since I hadn't had cards or bought anything on credit in over 10 years there were no records in my credit files. Old, closed accounts had fallen off after 10 years. So, I opened a couple of secured credit cards with the highest security deposit allowed. They unsecured after a year or so. Then, I added several rewards cards. I use them instead of a debit card and always pay in full and they provide some cash back so I save money compared to just using a debit card. After 4 years my credit score has gone to 800+ even though I have never carried any debt and use the cards as if they were debit cards. I was very foolish to have stopped using credit cards 20 years ago but just had no idea of the importance of an established credit history. And note that establishing a great credit history does not require that you borrow money or take out loans for anything. just get credit cards and pay them in full each month.


The best way is to not participate in the expensive habits at all. Try to direct your friends to cheaper venues. It's important to note that some hobbies are a large investment. Shooting sports, model airplanes, and customizing vehicles are all examples of hobbies you might want to avoid when you're on a budget.


http://www.npr.org/blogs/money/2012/07/19/157047211/six-policies-economists-love-and-politicians-hate > Three: Eliminate the corporate income tax. Completely. If companies reinvest the money into their businesses, that's good. Don't tax companies in an effort to tax rich people. >Four: Eliminate all income and payroll taxes. All of them. For everyone. Taxes discourage whatever you're taxing, but we like income, so why tax it? Payroll taxes discourage creating jobs. Not such a good idea. Instead, impose a consumption tax, designed to be progressive to protect lower-income households. http://www.npr.org/blogs/money/2012/07/18/156928675/episode-387-the-no-brainer-economic-platform


Something that is missing from the discussion is the actual market for the lottery ticket -- if a market existed for the tickets themselves, that would make this far more obvious, but since there isn't one; buying a single ticket gives different Expected Values, but since the ticket has a defined 'game' instance, a single ticket is a gamble. Playing the lottery in the long run could be part of a high risk investment portfolio. [edited for clarity]


Many mutual fund companies (including Vanguard when I checked many years ago) require smaller minimum investments (often $1000) for IRA and 401k accounts. Some also allow for smaller investments into their funds for IRA accounts if you set up an automatic investment plan that contributes a fixed amount of money each month or each quarter. On the other hand, many mutual fund companies charge an annual account maintenance fee ($10? $20? $25? more?) per fund for IRA investments unless the balance in the fund is above a certain amount (often $5K or $10K$). This fee can be paid in cash or deducted from the IRA investment, and the former option is vastly better. So, diversification into multiple funds while starting out with an IRA is not that great an idea. It is far better to get diversification through investment in an S&P 500 Index fund (VFINX since you won't have access to @JoeTaxpayer's VIIIX) or a Total Market Index fund or, if you prefer, a Target Retirement Fund, and then branch out into other types of mutual funds as your investment grows through future contributions and dividends etc. To answer your question about fund minimums, the IRA account is separate from a taxable investment account, and the minimum rule applies to each separately. But, as noted above, there often are smaller minimums for tax-deferred accounts.


>They are just paper that is worth what it's worth because everyone agrees to accept it. This is only partly true, and it's slightly misleading. Fiat currencies' root value comes from *legal tender laws*, which stipulate that they are honored as settling all debts (both public and private). So they have a distinct (and unfair) legal advantage over other potential currencies. Americans don't arbitrarily choose to use USD, just like the Danes don't arbitrarily choose to use Kroner, or the Italians use Euro. It's written in law. Your OP's are also misleading in the fact they are talking about credit derivatives (currencies) as though they were *emergent money*. They are not.


Fuck integrity. coming from someone who busts their ass for a living my bosses are idiots and have rammed a whole bunch of really bad ideas my way. do i tell them their idiots and not do it? hell no. i like being employed. principles go right the fuck out the window when it comes down to your job.


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Morgan Stanley was the lead investor and sold off their ownership before the casino had completed construction. Took a billion dollar loss but it could have been much worse. Thats a pretty telling sign that when Wall Street wants nothing to do with the project, no other investor should have stepped into the investment.


The entire concept of publishing most of my life for others to see never appealed to me in the slightest. If I want to hear from you, you have my number. Now that some of the side effects of publishing private information are becoming obvious, there seems to be lots of people surprised. Wtf were you expecting you losers?


Windows 8 is not awesome and is losing traction/market share due to this. Losing market share is not awesome. Mobile is not competing at all. Not awesome. Application specific software that can be modified (Such Libre Office/Etherpad/Blender) to suit business requirements are chipping away at Offices' stranglehold/shackles.


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Case No. 1: 11-CV-66......The court awarded judgement in favor of Plaintiff against Jay Mulein for the amount of $195,801.05, plus post judgement interest at the max. Rate as allowed by law and costs.The case was filed against Jay Mulein who has robbed money in the name of insurance from people in the district court of Ohio.


Let's look at the logical extreme. Two people get a house, no money down, 10 year mortgage. One moves out the day after the closing, and the gal left pays the full mortgage. Why in the world would the one who left be entitled to a dime? You offer no information about the downpayment or amount paid during the time both lived there. That's the data needed to do any math.


Definitely get a lawyer to write up all the details of the partnership in a formal agreement. If your ex does not want to do this, that is a bad sign. You both need to be clear about expectations and responsibilities in this partnership, and define an exit strategy in the case one of you wants out. This is the most fair to both parties. Generally, what is common is that property is split cleanly when the relationship ends. I would strongly recommend you both work towards a clean split with no joint property ownership. How this looks depends on your unique situation. To address your questions 2 and 3: You have two roles here - tenant and owner. As a 50% owner, you are running a business with a partner. That business will have assets (home), income, expenses, and profit. You basically need to run this partnership as a simple business. All the rent income (your rent and the other tenant's) should go into a separate account. The mortgage and all other housing expenses are then paid from only this account. Any excess is then profit that may be split 50/50. All expenses should be agreed upon by both of you, either by contract or by direct communication. You should see a financial professional to make sure accounting and taxes are set up properly. Under this system, your ex could do work on the house and be paid from the business income. However, they are responsible to you to provide an estimate and scope of work, just like any other contractor. If you as a joint owner agree to his price, he then could be paid out of the business income. This reduces the business cash flow for the year accordingly. You can probably see how this can get very complicated very fast. There is really no right or wrong answer on what both of you decide is fair and best. For the sake of simplicity and the least chance of a disaster, the usual and recommended action is to cleanly split all property. Good Luck!


The simple solution here would be to either sell or give the car to your family member. The answer depends on whether they can afford to buy or you can afford to give. Transferring ownership gets rid of any of the liability considerations you outline, and also gets it out of your driveway! It also saves you from having to deal with any relationship issues that could arise if they borrow and something goes wrong (they damage, fail to return, etc). Your gut is telling you that there could be issues with lending a car to you family member, and i would trust your gut & transfer ownership one way or another.


I just linked some studies, I didn't want to waste my time to go through everything when you're so brainwashed you'll never agree. Truth is, you have no studies that say otherwise that are peer reviewed. There isn't much data on it, but here's some more: there is now a large body of evidence to support the persistence of neurocognitive impairment lasting from hours to weeks. It is important to note that in repeated studies, subjects who reported a marijuana “high” were most likely or most profoundly affected by the drug. This supports the link between THC concentration and neurocognitive dysfunction. Residual effects, however, continued in subjects who no longer felt the drug's effect. Thus, subjective return to baseline mental status may not ensure full return of neurocognitive function.58 https://www.ncbi.nlm.nih.gov/pubmed/12427880 Considerable research into the functional psychomotor and judgment effects of marijuana smoking has been conducted in the context of transportation safety. Research demonstrates that acute cannabis consumption is associated with an increased risk of a motor vehicle crash, and especially for fatal collisions.59 https://www.ncbi.nlm.nih.gov/pubmed/22323502


"The McDonald's affair was plain and simple petty politics, which Russian politics is full of. Only 4 branches were closed all in center Moscow, including the symbolic 1st and largest in Europe McD. This was a populist (and stupid) move intended to ""flip the bird"" at ""American Imperialism"" and ""avenge"" for their exit from the Crimean penninsual. Economically speaking McDs hire over 35k people, besides being supplied almost exclusively by domestic (Russian) food manufacturers. Even if Russian unemployment rates are at record low (4.9%), 35k posts being lost overnight, besides suppliers and 3rd party service providers, the impact will be colossal. >""About time they closed !"" - Gladly said 28-year-old Anton, just a few seconds before was trying in vain to open the door of the restaurant - ""If due to sanctions, even better then !"" >""Were you not about to go in ?"" >""No! That is - yes ... But just so I could chat with my friends"" - Anton embarrassed. And switched to friend: >""Let's go to KFC"" [Food isn't the most important at McDonald's](http://www.kp.ru/daily/26271/3149400/) - This is a Russian tabloid (Komsamolskiy Pravda) but the idiosyncracy is very plausible."


Help finding casinos that take prepaid credit cards is now easy to find with the advent of this site. It really breaks down the different prepaid options and tells readers which online casinos accept them. This site really saved me time!


They raised the minimum wage in my state. Guess what? Businesses are closing, especially bars and restaurants. There are roughly half the number of bars than there were five years ago. When you make the product too expensive people stop buying. That is not a difficult concept. Businesses around here became too expensive. There are always options, from DIY to going without. When something becomes too expensive, people stop buying. This isn't some economic theory, *businesses are actually closimg.*


"I don't think QE ""masks"" inflation. The upward wage pressures to create inflation simply aren't there, and for that reason an increase in the monetary base is non-inflationary (as we've seen). Only during the exit, if the banks flood the economy with their excess reserves, could we see higher-than-moderate inflation"


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If you throw up a 20 year chart on the 10 year you can see it isn't fluctuating around 2%. It happens to be at 2% now but it has been relentlessly driving lower for at least 20 years. My own personal biased opinion is that it is a market infested with ultra-wealthy people who aren't looking for returns. They just basically want to maintain what they already sucked out of the system.


How would you compute the earnings for governments that are some of the main issuers of bonds and debt? When governments run deficits they would have a negative earnings ratio that makes the calculation quite hard to evaluate.


The separation hasn't existed for a long time. I'm not an expert on the subject but it was a gradual process. Money mutual funds invest in repos and even unsecured instruments that fund investment banking activities and that has been around since way before Glass-Steagall was repealed completely. When it morphed into the shadow banking system we know and love today, who knows? What we can be sure of is that retail, insured deposits were being used to fund investment banking decades prior to the 2000 commodity futures modernization act or w/e its called.


DJClayworth's response is generally correct. You wouldn't have to pay taxes on insurance benefits, since those are in fact bringing you whole to what you've lost. However, in some cases you do need to consider taxes. Specifically, if the insurance payout is higher than your cost basis in the lost property. While you may think that this never happens (why would the insurance company pay more than what it cost you?), it in fact quite frequently does. Specific example would be a car used in your business. If you used your car as part of your business and deducted car depreciation on your tax return - your cost basis was reduced by the depreciation. Getting a full car cost payout form insurance would in fact constitute taxable income to you for the difference between your cost basis (adjusted for the depreciation) and the payout. Another example would be collectibles. Say you bought a car 20 years ago at $5000, you maintained it well during the years (assume you spend another $5000 on repairs), and it is now insured at FMV of $50000. But, alas, it got destroyed by a mountain lion who climbed over the fence and pushed it over a cliff. You got a $50000 payout from your insurance company (because you insured it for full FMV coverage, as a collectible should be insured), of which $40000 will be taxable to you. There may be more specific cases where insurance payouts are (partially) taxable. However, as a general rule, they're not, as long as they're at or below your cost basis level.


The number of people around the world born into poverty and extreme poverty is decreasing, both in relative and absolute terms, has been for over a hundred years. This is a systematic improvement in the poverty problem we face as humanity as a whole. If you are a middle class american, which based on your comments I assume you are, I assume you make more than $50/day per person in your household. That income level puts you above 93% of the world population. Looking at your usage of 25/50/25 percentile breakdowns, this puts you well into the upper class, and yet you claim to be impoverished. I don’t say this to imply that life is not difficult or that the system is not rigged, but to put things in context. I think there is a valid argument to be made here, but you can’t make it by choosing to redefine words that have real world meaning to fit a narrative you want to tell yourself. As soon as you redefine words for convenience or choose to repeatedly ignore data, you are no longer having a discussion and you are only talking to yourself. If you continue to do this, I will leave you to talk at yourself by yourself.


Bitcoin can facilitate this, despite the risks associated with using bitcoin exchanges and the price volatility at any given time. The speed of bitcoin can limit your exposure to the bitcoin network to one hour. Cyprus has a more advanced infrastructure than most countries to support bitcoin transactions, with Neo & Bee opening as a regulated bank/financial entity in Cyprus just two months ago, and ATM/Vending Machines existing for that asset. Anyway, you acquire bitcoin from an individual locally (in exchange for cash) or an exchange that does not require the same level of reporting as a bank account in Cyprus or Russia. No matter how you acquire the bitcoin, you transfer it to the exchange, sell bitcoin on the exchange for your desired currency (USD, EURO, etc), you instruct the exchange to wire the EURO to your cyprus bank account using your cyprus account's SWIFT code. The end. Depending on the combination of countries involved, the exchange may still encounter similar withdrawal limitations until certain regulatory requirements are resolved. Also, I'm unsure of the attitude toward bitcoin related answers on this site, so I tried to add a disclaimer about bitcoin's risks at the top, but that doesn't make this answer incorrect.


I do a lot of sports betting and I’m heavily limited on some sites where I have had good winning streaks. Some of them are as low as $5 per game. So yeah, the house definitely tilts the table if it benefits them.


In China, a lot of the manufacturing they're doing by hand could be done by robots. It's just that the cheap labor is more cost-effective than the development and upkeep of manufacturing robots. If manufacturing does come back to the US, I imagine it will be in heavily automated factories with fewer employees to take care of the processes that would be too expensive to automate.


No tax consequences to you. Tax consequences to your sister. From your comment: My sister is single, but my wife and I have a son. So we can avail $14000 x3 = $42000 without the need to report it. The remainder ($70000-$42000) = $28000 will be reported against the lifetime exclusion by my sister on her return. Per my understanding, the $28000 is also not subject to any gift tax It is subject to gift tax, and she must submit gift tax return (form 709) to the IRS. On that return she can choose to apply part of the lifetime exemption and reduce the lifetime limit, or pay the tax and keep the lifetime limit. If she applies the exemption, she needs to keep track of it, so that it could be properly applied next time, or when she passes away. The lifetime exemption is in fact intended for the estate tax. But people can chose and apply it to gifts during lifetime and reduce the exemption for estate. This is something of consequence to take into account. Yearly $14K cap is not related to the lifetime exemption and is for gifts per donor per donee. Breaking the gift into several occasions over several years helps reducing the tax burden on the donor without touching the lifetime exclusion and affecting the estate tax. But if you don't have the time...


I think it depends on who is being paid for your app. Do you have a company the is being paid? Or is it you personally? If you have a company then that income will disappear by offsetting it through expenses to get the software developed. If they are paying you personally then you can probably still get the income to disappear by file home-office expenses. I think either way you need to talk to an accountant. If you don't want to mess with it since the amount of income is small then I would think you can file it as additional income (maybe a 1099).


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I thought about this some more. Going to a top business school can help you network with entrepreneurs who would like to join you in starting your firm. But remember there is no single path to success in life. Moreover, life is what you make of it with your own hard work.


Transfer it as International wire, there will be some fees. Check with your Bank in Turkey. Turkey has not yet joined SEPA, else this would have been a low cost alternative.


TL;DR: The date they were granted. (Usually, this follows both an offer and acceptance.) It's not uncommon for a new vesting clock to start when there's a new round of funding coming in, because the investors want to make sure the key people are going to be engaged and incentivized going forward from that point. They don't lower their expectations for how long they want folks engaged based on the person having started earlier. Non-institutional investors may have the same concerns as institutional investors here and use the same vesting strategy to address them. Primary recognition of the benefits from having had people start earlier or be there longer (so long as it correlates with having gotten more done) is embedded in the valuation (which affects how much founders' shares are diluted in the raise).


If you received a distribution to buy, build, or rebuild a first home and the purchase or construction was canceled or delayed, you generally can contribute the amount of the distribution to an IRA within 120 days of the distribution. This contribution is treated as a rollover contribution to the IRA. This is from my friend, Publication 590. See Page 51, next to 'TIP' in second col.


Well, first and foremost you're out of luck if GameStop hits rough times and stops refunding cash, or files bankruptcy. It's a really, really (REALLY), bad idea to use something other than an FDIC insured bank as a bank. This is a lot of administrative effort on your part when internet banking exists and most of the online checking accounts refund ATM fees. This idea is also not funny or hilarious, I would call it something but the mods here will just edit it out........


Where you can put the money really depends on your risk tolerance. You could take $50k and put it into a good share class municipal and government bond fund that would likely be tax exempt. In a few years span I don't think you're likely to lose much in a tax-managed bond fund but it's certainly possible! Here is a link for Vanguard tax-exempt bond funds by state of residency: https://investor.vanguard.com/mutual-funds/vanguard-mutual-funds-list?assetclass=bond&taxeff=xmpt These funds have returns well exceeding CD's or standard savings accounts. Risk of loss is real, but returns are possible.


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> My small biz SaaSes and JavaScript training courses are featured prominently on my blog sidebar. Your sidebar is a confusing mix of links to interviews, book reccomendations and a blog roll. I see your products in there (finally) buried deep in some hyperlinked text with no named links. Where the hell did you go to school for marketing?


The President talked about how companies on public lands were not acquiring the oil they were leasing it for at last nights debate. I think it's worth looking into whether the same should be done with idle patents. If you're not using it you lose it.


">I would expect to see more ""rent with option to buy/contract for deed"" sales when the flipper crowd realizes they need to address the fact that buyers can be found without using banks. Provided the sellers can afford to ""self-finance"" the deals, yes. But the plain fact is that a lot of Boomers are highly leveraged -- they may have their name on the title deed of a McMansion and a couple of vacation homes, but these days they all too often hit retirement with significant mortgages on one or more of those properties -- so the reality is that a lot of them will NOT be able to sell without getting the bank involved (and that number will be sufficient to drive the ""at the margin"" prices way down, especially in the face of minimal demand)."


I have changed my regular holiday plans and we (6 of us) no longer vacation annually in the US - all because of the intrusive and rude TSA agents/checks ...and the queues to get through security... It is much easier to go somewhere more relaxed and enjoy more holiday time.


So govt deficit spending = gdp. Which means federal Govt deficit spending is crucial for gdp. With such high unemployment and underemployment, US govt is not deficit spending enough money into the economy. Need to do more deficit spending. Govt trickle down economics works. Unlike the other form.


1. Businesses are amoral - this is the foundation of capitalism. 2. I'm only exploring the idea that the government could possibly perform the audits, not outright supporting it. In practice, the inefficiency probably outweighs any added objectivity. 3. I am smart enough not to advertise these views while working in the finance industry. I would be incentivized to simply go-along with the crowd. Still doesn't mean I'm wrong though. Edit: amoral ≠ immoral by the way


Absolutely do research on the company and come with questions. Make sure you send followup thank you emails as soon as possible after your interviews. You have a short interview (two hours is nothing) so unless you interview is with a group of people you will likely have a few to write. Make each thank you individualized. Remember key points from those people and reiterate positive parts of the interview or special things that came up that make you stand out. If you don't have all of the email addresses ask the recruiter or HR contact for them or to pass on your thank you messages. Take two copies of your resume with you, a notebook and pen. Good luck!


Two principles in comparing different scenarios: 1) keep the two scenarios as equal as possible in amount and timing of payments; and 2) find the financial comparison at one particular point. So, your car loan, $10,000 for 35 months at 8% compounded monthly means you're paying $321.29 Suppose you make the switch and keep on paying the same, mortgage and $321.29 for the 35 months (see 1, above) Those extra payments, continued for 35 months at your mortgage rate of 5.59%, will pay off a mortgage of $10,354.10, which will more than pay off the $10,000 you added to the mortgage In other words, making the switch will benefit you to the tune of 354.10 as of the day of the switch. You could ask the mortgage company to give you the $10,000 and the $354.10, and all your payments and amortization would stay the same... (see 2 above) Of course, this is pretty much what Joe Taxpayer said...


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I've grown up and lived in California almost my whole life. I pay taxes. Our system is horribly corrupt and built to empower big property owners. Young couples tend to pay many times higher taxes than older people who are living in comparable homes. Proposition 13 was pushed through by landlord associations. If we did away with it an replace it with a fair and equitable system we could solve many of our funding problems.


I'm normally not a fan of partitioning investment money into buckets but your case may be the clearest case for it I've seen in awhile. Your income and saving is good and you have two clearly defined goals of retirement saving and saving for a house each with very different time frames ~30 years and 3-5 years respectively. For medium term money, like saving for a house, just building up cash is not actually a bad idea. This minimizes the chance that a market crash will happen at the same time you need to withdraw the money. However, given you have the means to take more risk a generally smarter scheme would be to invest much of the money in a broad liquid bond funds with a somewhat lower percentage in stocks and then reduce the amount of stock each year as you get closer even moving some into cash. This gives reasonable positive expected return while lowering the risk of having to sell during a crisis as the time to purchase gets shorter and shorter. The retirement money should be invested for the long term as usual. A majority in low-fee index stock funds/etfs is the standard advice for good reason.


omg yes homie yes - please keep going. this is awesome, except for that there's written evidence of my being bothered enough to respond to you my clients really hate the financial planning and appropriate RAR i afford them; you nailed it! tell me of other financial concepts you wholly understand. i'm very intimidated by your educated opinions and incredible depths of financial knowledge!


Yup these professors were amazed that in their and their parents life times how economies had shifted so that such a small percentage of the world farmed/were involved directly with food production. But that a drought for instance could be felt throughout economies for a while. (that said with globalization certainly richer countries wouldn't feel the effects to the same degree)


I've come around on that, as many in IT grow beyond their formal degree. Also, at least from my experience with DataSec in a corporate environment, it's usually making sure everyone is either performing required remediations or documenting why said remediation can't be performed (business risk). The hard work is performed by the application and infrastructure technology owners who have to review the fix and plan how to patch it in as gentle / not disruptive way as possible. The higher up exert the enforcement of the policies and making sure the underlings stay on top of the reported findings.


Dude, this sounds like something the company didn't want people to know for the time being. For instance my dad worked at OfficeMax and when they were considering their merger with Office Depot I wasn't supposed to talk about it outside the family. If I were you I'd take this down.


Brandon Brice earned a Bachelor's in Business Administration from Howard University, a Master’s of Science in International Affairs from Rutgers University and is currently completing his Executive Master's in Public Administration from Columbia University. Brandon has interned on Capitol Hill in the Office of former United States House Speaker


"I think the risk involved with the ""fund gaining a larger rate of return"" is probably priced in. Why would the bank take the risk on you with a car loan when it could put it in the same fund you're talking about and make more money?"


No matter what kind of contract you create for your partnership it will cost money to enforce it. Breaking the law is, well, against the law to begin with. You don't need to get a signed contract promising that they won't break the law. You could possibly get them to sign something that states if the contract is breached or laws are broken by one party, they forfeit their shares in the venture, but again you'll have to prove it and lawyers cost money. if the venture is paying you both then he/she will have the same capitol for legal defense. In some cases you can propose a trial period in partnerships. You can try doing business as separate entities for 1-2 years after which you can merge. After two years working together there should be some trust built up. If not, you shouldn't do business with this person anyway. Just my two cents. To be clear, I'm not a lawyer. You should probably ask a lawyer about this, actually.


"This is not really the focus of your question, but it's worth noting that if you live in the United States (which your profile says you do), there are tax implications for you (but not for your children), depending on whether or not you charge your children (enough) interest. If you charge less interest than the appropriate Applicable Federal Rate (for May 2016, at least 0.67%), you must pay taxes on the interest payments you would have received from the debtor if you had charged the AFR, provided that the loan is for $10,001 or more (p. 7). This is referred to as ""imputed"" income."


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Hey mate, You haven't shared enough details for me to be more specific, but what you might want to do is pretty simple. Fact is that 80% of all financial models are the same. The only thing that is different is the revenue forecasts. Only v few people have the 80% done already ;) If you say service business and mean you are basically a consultancy, this is pretty simple. - Rev - forecasts # clients per month. What is ave rev per client? (Guess what is reasonable... call someone who has done before and buy coffee- mind rape them for data points!!!!) Times the two. That's your rev. Get fancy and you can differentiate to when you book and bill revenue etc. - Staff - what is the contribution of staff per projects. You could say 40% of a dev per client and 20% of a designer. Times the staff contribution with a roundup function (you can't employ 40% of a person) against the # of projects. That tells you staff requirement depending on projects you get. You need to know the average project lengh though. You can hack this but the formulas to automate are not simple (I did this for the enterprise sales model i made) - Expenses - you have rent, utilities, server costs etc. You have fixed and variable. So say 400 pm per person. so times the variable by the # staff. Add the fixed base and you have the expenses. - Marketing - where do customers come from? If you are doing direct sales as founder, then simple. It's just your salary cost. You can make more complicated as you get bigger. - P&L - you pull all this shizzle into a rev, less costs = profit...loss. Your staff costs are what will kill you. Well, if you close enough deals who cares ;) It's taken me years to be proficient at this. I knew nothing when I started. You can learn it just takes time. Having resources to rip off is a good place to start. Check out this for saas- all the terms may be too much for you, but you can understand the logic: https://www.saastr.com/saas-financial-plan-2-0-from-christoph-janz/ David teten got an intern to make a model for him. It has a lot of the building blocks you want but is super ugly: teten.com/assets/docs/Startup-Financial-Model.xls I actually make templates for serious founders raising money. I made a lengthy video on each sheet of one of them for SaaS. Tots free. Watch them and you will understand all the logic of what a serious model is involved with. You can check the screen shots of all my models to see the line items. They're on my site anyway. if you're a founder there is a tonne of other free stuff. Video are here for you: https://www.alexanderjarvis.com/2017/08/20/training-videos-sme-consumer-saas-fundraising-model/ Btw, if you'd love some basic bitch videos on how to model basics, I'm happy to make some. Can screen record me making something from scratch a few times. Just give me specific title ideas and happy to bust some out. Oh. I also made a free excel training course. There's like 25 free classes with an excel you have to fill in to test if you learn the formula. You can get them here: https://www.alexanderjarvis.com/products/excel-training/ Just register and the excel class is sent to you every day I'm all about helping founders. If your broke AF send me a message and happy to try help you out. If you're looking for something super basic (which is better than what you'll make anyway) I can prob bust something simple in 20mins as a favor to the community.


">The rule of law over rule of might is what made modern industry and business possible. I agree, and so did the US congress and President in 1935 when it [wrote the right to collective bargaining into law](http://en.wikipedia.org/wiki/National_Labor_Relations_Act) And really, who do you consider to be the ""mighty"" on this issue? Some workers at a couple Wal-Marts or senior management with their lawyers and money?"


The problem with the vintage motorcycle is that the spare parts can be tough to come by because the manufacturing companies will have stopped their manufacturing. But Geloman's Indian Spares opened doors for people, who are willing to buy the old Indian motorcycle spares parts online. Any time you purchase an old motorcycle, you should be willing to put in the effort to care for the motorcycle. Although, it is important that you check the authenticity of the online websites before making a purchase.


Night or day, weekday or weekend, car crashes happen on Florida’s highways. If you happen to have been involved in one, you know that it can be a traumatic experience, causing not only vehicular damage but physical injuries as well. In the aftermath, your mind will probably be on a tailspin and you might have a lot of questions about how to proceed.


Do you know how many people end up with an 18-21% rate on their credit card? They started off with low teaser rates. There was an article about it recently on Yahoo. Mainly this comes from a lack of discipline, or an unforeseen emergency. However, lets assume, that you are a bit uncommon and have iron discipline. It comes down to a math question. What is the rate on your student loan? I am going to assume 6%, and lets say that you are now paying interest. So there is 7 months between now an then, you would pay $140 (4000 * .06/12 * 7) in interest if you left it on the student loan. Typically there is not really a free lunch with the zero percent interest rate CC. They often charge a 3% balance transfer fee, so you would pay that on the entire amount, about $120. Is it worth the $20? I would say not. However, those simple calculations are not really correct. Since you would have to pay the CC $588.6/month to take care of this, you have to shrink the balance on the student loan to do a true apples to apples comparison. So doing a little loan amortization, you can retire $4000 on the student loan only paying $583/month, and paying a total of $80.40 in interest. So it would cost you money to do what you are suggesting if there is a 3% transfer fee. Even if there is no transfer fee, you only save about $80 in interest. If it was me, I would direct my energy in other areas, like trying to bring in more money to make this student loan go away ASAP. Oh and GO STEELERS!


I had a modest car loan with Chase. I always felt like they were trying to fuck me over. They charged for electronic payments, would mail the payment coupon (the bill) less than two weeks before it was due each month, the payment schedule seemed to wander, etc. I was constantly stressing that I was going to miss a payment and incur a large late fee. This was on just a small car loan. I've heard they've gotten better (electric payments don't cost extra anymore) but it definitely made me feel very adversarial with banks.


Of course you can. My assumption is you are/will be in UK. I am a student from outside the UK and I am about to start studying at a UK university/college/school. How do I choose which bank is best for me? You should be able to open a ‘basic bank account’ with a number of different banks. A ‘basic bank account’ provides easy access to banking facilities for adults in the UK. Additionally, some banks offer a bank account tailored specifically for your needs as an international student. There is a table on pages 6 & 7 of this leaflet that has a list of basic accounts and other accounts that may be suitable along with brief descriptions of some of their features. Most banks don’t ask you to pay in any money to open a basic account. You should look around to see which bank and account suit you best and then visit the local branch of the bank you have chosen. You may also be able to get other types of account, as detailed in the next section. Please speak to a bank Go through the source I have linked. It is a bit old, but has relevant information for you. SOURCE


The further north the better as Amazon is too cheap to install air conditioning for their workers apparently. Just put an ambulance outside for any collapsed office worker affected by heat-stroke. https://en.wikipedia.org/wiki/Amazon.com_controversies#Warehouse_conditions It seems that installing air conditioning hurt their profits. Hey Amazon, if you are planning to replace all retail with warehouses, try to do a cost benefit analysis before you do it, dipshits.


"I currently have the twenties in 6 rolls of 5 I don't know what ""roll"" means to you (perhaps it's another word for grouping). I think of it as money rolled into a circular shape. Do not do that. Place all the money flat and together. Possibly hand them the hundred and twenties separately if you want to emphasize that. An envelope with the amount on it is a good idea. Flat, not folded, not rolled, not separated by paperclips or rubber bands. A simple pile of money is best. Folding the money once to put in your pocket is fine but unfold it to hand it to the teller. The reason for flat money is that it will most easily go through the money counters. Rolling makes the money curved and increases the chance of a jam. And I apologize if that was just a turn of phrase. But I can easily envision some poor teller sighing with exasperation on being handed rolled money that then needs to be flattened to go through the machine. Particularly if the person handing it over grouped it that way in an attempt to be helpful."


"No, it doesn't drive me insane at all but I do agree that 'ravaged corporate America' is a bit hyperbolic. I am well versed in all things financial and I find most of these financial moves, although legal, quite reprehensible. In terms of ""finance experts"", which he has proclaimed himself not to be, I would suggest Matt Taibbi as a good read. http://www.rollingstone.com/politics/blogs/taibblog/what-s-fact-and-what-s-opinion-in-the-discussion-about-bain-and-mitt-romney-20120905"


I agree. Small investors got screwed worse with manually traded shares. Electronic trading was a big part of why fees for trades have come down so much over the years. HFT acts as a tax on small traders, but it is fairly insignificant. This isn't to say that HFT isn't a problem. Systems that cause flash crashes with no one understanding why, isn't good for the market. A small fee is a small change that could provide a solution to the problem.


In the US, it is perfectly legal to execute what you've described. However, since you seem to be bullish on the stock, why sell? How do you KNOW the price will continue downwards? Aside from the philosophical reasoning, there can be significant downside to selling shares when you're expecting to repurchase them in the near future, i.e. you will lose your cost basis date which determines whether or not your trade is short-term (less than 1 year) or long-term. This cost basis term will begin anew once you repurchase the shares. IF you are trying to tax harvest and match against some short-term gains, tax loss harvesting prior to long-term treatment may be suitable. Otherwise, reexamine your reasoning and reconsider the sale at all, since you are bullish. Remember: if you could pick where stock prices are headed in the short term with any degree of certainty you are literally one of a kind on this planet ;-). In addition, do remember that in a tax deferred account (e.g. IRA) the term of your trade is typically meaningless but your philosophical reasoning for selling should still be examined.


I watched the video, it is really very basic, but it does back up my assertion. The banks have a gain because they are the money creators, they don't see a gain from the Cantillion Effect because they are lending money and not buying goods (unless we're talking about investment banking, which we are not). The other people it listed in the pyramid are the ones who gain.


"> One man interviewed by Salon is making $8.90 after three years at Walmart. Other complaints include dirty working conditions and inadequate access to healthcare. IANAL but I wouldn't think any of those would be sufficient cause to be ""protected""."


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This is such an annoying alarmist article. With the Whole Foods acquisition Amazon makes up like 1.4% of the grocery market. This article is talking in greater terms but I don't see the threat. Certainly not enough of a threat to justify this click-baity title. Everyone calm down.


You're saying I can substitute my 2-week for dailies and wear the dailies for a month? That would be 5-10x cheaper (i buy from visiondirect) depending on if i decide to use the dailies for 2 weeks or 4 weeks (a month). Why haven't I heard of this? Is there any reputable source that can confirm that dailies are built exactly the same as monthly contacts? [EDIT] Nevermind: found your post at: http://www.reddit.com/r/Frugal/comments/2ca9c3/minimum_pricing_on_contact_lenses_under/


"Bad employees are a risk when they are not easily replaceable or have great responsibility, neither of which apply to Subway. I am aware of the multiplier effect, but there must be a corresponding value added to the economy, otherwise you artificially inflate prices and no one is better off. Caring for good employees and their well being is not the same as giving everyone a blanket ""living wage"" which could be honestly anything, depending on the standard of living used as an index."


"It's very straightforward for an honest vendor to refund the charge, and the transaction only costs him a few pennies at most. If you initiate a chargeback, the merchant is immediately charged an irreversible fee of about $20 simply as an administrative fee. He'll also have to refund the charge if it's reversed. To an honest merchant who would've happily refunded you, it's unfair and hurtful. In any case, now that he's out-of-pocket on the administrative fee, his best bet is to fight the chargeback - since he's already paid for the privilege to fight. Also, a chargeback is a ""strike"" against the merchant. If his chargeback rate is higher than the norm in his industry, they may raise his fees, or ban him entirely from taking Visa/MC. For a small merchant doing a small volume, a single chargeback can have an impact on his overall chargeback rate. The ""threshold of proof"" for a chargeback varies by patterns of fraud and the merchant's ability to recover. If you bought something readily fungible to cash - like a gift card, casino chips, concert tickets etc., forget it. Likewise if you already extracted the value (last month's Netflix bill). Credit card chargeback only withdraws a payment method. Your bill is still due and payable. The merchant is within his rights to ""dun"" you for payment and send you to collections or court. Most merchants don't bother, because they know it'll be a fight, an unpleasant distraction and bad for business. But they'd be within their rights. Working with the merchant to settle the matter is a final resolution."


"Matt Levine's first point here is very interesting as a lens for understanding why so many large hedge funds seem to have difficulty beating the market, while the ones that do tend to be either smaller operations or more independent groups within the giants. If you look at the best firms in the world, like RenTec or TGS, you see a trend where they typically stop taking in outside capital and effectively convert to family offices (at least for the most profitable strategies). Levine's point here is particularly applicable to RenTec; it has famously incredible returns via Medallion, but not so much the other funds. Unsurprisingly, the Medallion fund is entirely employee and owner capital. As extremely profitable strategies scale up to their capacity constraints, fund managers naturally decide to pool greater amounts of their own capital into the firm. Therefore, ""skin in the game"" is not only effective as an intuitive heuristic for skill (""this manager believes in the fund enough to put most of their personal net worth into it""), but it's also practically effective for showing how likely the firm is to perform based on how much you're able to participate. As the percentage of ""skin in the game"" increases, the likelihood of outside investors being able to participate decreases, because the fund managers know they no longer need to share risk, and don't want to waste allocations on the way to capacity constraints. If a firm is soliciting capital, it's highly suspect, and managers who go on to become the next Jim Simons or Seth Klarman will mostly be ""on the market"" for relatively short periods of time."


Examining what’s behind the slide in used car prices, which are the foundation for an industry facing unprecedented challenges on the technology front, while sub prime delinquencies reach levels last seen in the great recession. With the help of industry analyst Daniel Ruiz and credit strategist Michael Lewitt, Grant Williams digs deep into the auto sector to see what the future holds and the likely impact for the US economy.


I'll respect the mod's suggestion. I'd answer with a warning. The concept of 401(k) pretax saving is to save at a high rate, while working, and withdraw at a lower rate. An annual expense pushing 1% or higher is likely to negate the benefit of the account over time. If your employer offers the Roth 401(k), I'd suggest using that for your deposits, and only up to the match. Then invest outside the 401(k). In the 25% bracket, it's good to have a mix of both pre and post tax retirement money.


I was active in Prosper when it started up. It was very easy to get attracted to the high risk loans with big interest rates and I lost about 14% after all my loans ran their course. (There's 10 still active, but it won't change the figure by much). Prosper has wider standards than Lending club, so more borrowers with worse credit scores could ask for loans. Lenders could also set interest rates far lower, so they could end up having loans with rates lower than the risk implied. This was set up with the idea of a free market where anyone could ask to borrow and anyone could loan money at whatever interest rate they wanted, It turns out a lot of lenders were not as smart as they thought they were. (Aside: it's funny how people will clamor for a free market, but when they lose money will suddenly be against the free market they said they wanted, this seems to apply to both individual p2p lenders up to massive multinational banks.). Since then Prosper has tightened their standards on who can borrow and the interest rates are now fixed. So I expect going forward it will be less easy to lose a bunch of money. The key is that one bad loan will erase the return of many good ones. So it's best to examine the loans carefully and stick with the high quality. Simplified Example If you have 10 1 yr loans of $100 each paying 10% interest/year, you get 10% return at the end of the year, so $100 (10% of $1000.). BUT if one loan goes bad at the start, you have lost money. So a 90% success rate in picking borrowers leads to a loss. You want to diversity over quite a few loans and you want to fund quality loans. I think really enjoyed investing through Prosper, because it gave me an insight into lending and loss ratios that I had not had before. It also caused me to look at the banks with even more incredulity when the case of the no-doc loans and neg-am loans came to light.


You have only sold 200 shares for $4.75 from those bought for $3.15. So your profit on those 200 shares is $1.60 per share or $320 or 51%. From that you have 110 shares left that cost you $3.15 and 277 shares that cost you $3.54. So the total cost of your remaining shares is $1,327.08 (110 x $3.15 + 277 x $3.54). So your remaining shares have a average cost of $3.429 per share ($1,327.08/387). We don't know what the current share price is as you haven't provided it, nor do we know what the company is, so lets say that the current price is $5 (or that you sell the remaining 387 shares for $5 per share). Then the profit on these 387 shares would be $1.571 per share or $607.92 or 46%. Your total profit would then be $320 + $ 607.92 = $927.92 or 47% (note that this profit neglects any brokerage or other fees, as you have not provided any). Edit due to new info. provided in question With the current share price at $6.06 then the profit on these 387 shares would be $2.631 per share or $1018.20 or 77%. Your total profit would then be $320 + $1018.20 = $1338.20 or 75% (note that this profit neglects any brokerage or other fees, as you have not provided any).


I would not take this personal loan. Let's look closer at your options. Currently, you are paying $1100 a month in rent, and you have all the money saved up that you need to be able to pay cash for school. That's a good position to be in. You are proposing to take out a loan and buy an apartment. Between your new mortgage and your new personal loan payment, you'll be paying $1500 a month, and that is before you pay for the extra expenses involved in owning, such as property taxes, insurance, etc. Yes, you'll be gaining some equity in an apartment, but in the short term over the next two years, you'll be spending more money, and in the first two years of a 30 year mortgage, almost all of your payment is interest anyway. In two years from now, you'll have a master's degree and hopefully be able to make more income. Will you want to get a new job? Will you be moving to a new city? Maybe, maybe not. By refraining from purchasing the apartment now, you are able to save up more cash over the next two years and you won't have an apartment tying you down. With the money you save by not taking the personal loan, you'll have enough cash for a down payment for an apartment wherever your new master's degree takes you.


checkers should be paid by item quantity/rate they scan. Many o time have seen chatty checkers with a few in their line while the person next to them has moved 3 times the good quantity across the scanner. I also loathe check writers, they wait till the last minute, then ask the price again a few times and I swear use calligraphy to fill out the check - taking more time.


All this speculation and no one really has the right idea what's going on. It has almost nothing to do with VAT and nothing to do compliance. [It has everything to do with a very a chronically weak Euro.](https://www.google.com/finance?client=safari&rls=en&q=eur&oe=UTF-8&um=1&ie=UTF-8&sa=N&tab=we) Apps in the App Store are tied to tiers. My app sells at tier 10. For USD, this means I sell my app for $10 and make $7 after their cut. Tier 10 used to translate to 7,99€. Now it's 8,99€. This means before the hike I, as an American, would get 4,79€ or $6.19 after the exchange. This wasn't a problem back when the app store opened. The economy was relatively strong and the Euro stood around 1.5 to one American dollar. This means in 2008 I'd get about the same $7 after the conversion. With the Euro crisis, the tiers remained the same which meant each European sale only netted around $5.75, a $1.25 discount for each European. The Euro conversion was a long standing issue and the price hike restores the exchange back to the $7 dollars it used to be.


"I work with a company that American Airlines hires to fulfill work for them. This week they flew one of my co-workers out to Texas for a week long barbecue. He said he is going to ""promote the relationship."" They flew several other people from my company out, as well as masses of their own employees and people from other companies. Yet they declared bankruptcy and cost my company 5 million (the open revenue waiting for payment.) Edit: American Airlines"


This is bad advice OP. You get more bang for your buck with a PC and the shortcuts (which is what matters the most in excel) will be the same no matter what PC you use. Yes you can partition the drive and dual boot but that's a massive pain in the ass and the key board shortcuts are totally different. I know that doesn't sound like much but trying to relearn shortcuts is a massive pain in the ass.


Funny, Uber actually does cash in countries like Vietnam. It's called COD - Cash on Delivery - and you pick when you are booking the ride if you are doing COD so the driver knows when their ride is a COD ride vs when their ride is a credit card ride.


Sorry, but obeying the law is ethical. You're silly symbols are wrong... you probably meant: legal != ethical Here is a thought experiment for you: So the speed limit is 60 Mph. You drive 15 Mph in that area, that is ethical driving, because there is no law governing the minimum rate of speed. It's like that... You might be an asshole for driving too slow, but you're not breaking the law. Tax is like that...


"Markets are amoral. If you don't buy stock in a company that has high growth/earnings, someone else will. By abstaining you will actually make it cheaper for someone else who is interested in making money. Investing in ""socially responsible"" funds will only ensure that you have less money to make a moral difference in the world when you decide to transition from working to philanthropy. Edit to clarify -- You aren't interested in buying individual stocks directly, that leaves you with two general options: You can make a statement with your investment now, or you can take the better returns and make a difference with your money later."


The article is so wrong. Steam powered plants weren't necessary dark and dirty, when the power was transferred from outside. After the steam engine, petrol engines took over, because they were cheaper and could replace a steam engine without reorganizing production. The usage of electricity needs trust into the vendor. Electricity in the beginning had no isolated cables. Wires were mounted on the wall and hold by ceramic isolators, which wasn't very good for production. Even with the availability of electric motors, planning a single step of a production process is expensive. At that time it was often cheaper not to follow up the newest technologies. And Ford didn't automate much, but organized labor much more efficient, which resulted into a massive exhaustion of workers.


CC always (applies only if you pay your balance in full). First you rack up points on your card, second if there is an unauthorized pull a Cc will help you a bank may or may not. As a general advice don't hand out your banking information like a credit card number. Now paying bills through the bank is a different matter. This advice applies to companies that would like to pull money from bank accounts. Never do that if Cc is an alternative.


Don't try individual stocks. If you have a job, any job, even one from mowing lawns, you can open a Roth IRA. If you are under 18 you will need your parents/guardian to setting up the account. You can put the an amount equal to your earned income into the Roth IRA, up to the annual maximum of $5500. There are advantages to a Roth IRA: What happens if you are using your income to pay for your car, insurance, etc? You can get the money from your parents, grandparents. The only rule is that you can't invest more than you have earned. Act before Tax day (April 15th). You know what you made last year. If you open the account and make the contribution before April 15th it can count for last year, as long as you are clear with the broker/bank when you make the deposit.


If it were possible to take a loan out for a SIPP investment in the future .. I would suggest having an equivalent invested amount already in an ISA .. simply to cover you in the event of a job loss including additional cash in a deposit account. Secondly .. to increase your chances of success with this strategy I would also suggest doing this when the odds are more in your favour during the bottoming out cycle of a market crash. Thirdly .. it depends on how knowledgeable you are about investment , I would suggest being invested globally & in many different sectors to take advantage of various price movements.


Well a huge difference in drugs compared to all those other industries is health regulation. Standards for new medicines are typically extremely higher compared to other industries. For example, when proposing a new drug, only 10% of them actually make it to market.


This article makes a bunch of big and unsubstantiated claims such as: 1. An individual's desire for larger smartphone screen size is correlated with absence of other computing devices. 2. The number of computing devices an individual owns is correlated to the continent on which he lives. (E.g. North Americans own many computing devices while Asians own few). 3. While apple was originally focused on the North American market, it is now shifting focus to other continents. All of these claims are interesting, but dubious and unsubstantiated.


It makes no difference for tax purposes. If you are 1099, you will pay the same amount of taxes as if you formed a corporation and then paid yourself (essentially you are doing this as a 1099 contractor, just not formally). Legally, I don't know the answer. I would assume you have some legal protections by forming an LLC but practically I think this won't make any difference if you get sued.


biggest houses, the biggest cars, the biggest incomes... that doesn't matter when most people are below the poverty line because of corporate greed and collusion in government. Give traveling a try, seeing something outside of 'murica might help your shit perspective.


Since you have the balance at equal periods and the cash flows at the period ends, the best return calculation in this case is the true time-weighted return. See http://en.wikipedia.org/wiki/Time-weighted_return#Formulae So, notwithstanding some ambiguity about your figures, here is a calculation using the first three periods from your second table. Giving a total return over the three periods of -23.88% If the periods are months, multiply by four to annualise.


I think he means that if he liquidated his shares of Amazon, the stock would fall. Depending on how much he actually owns, which I have no idea, it could cause the stock price to plummet. In a more extreme scenario, a person that owns 40% of a company cannot liquidate their shares without the stock falling to ridiculously low levels.


So My question is. Is my credit score going to be hit? Yes it will affect your credit. Not as much as missing payments on the debt, which remains even if the credit line is closed, and not as much as missing payments on other bills... If so what can I do about it? Not very much. Nothing worth the time it would take. Like you mentioned, reopening the account or opening another would likely require a credit check and the inquiry will add another negative factor. In this situation, consider the impact on your credit as fact and the best way to correct it is to move forward and pay all your bills on time. This is the number one key to improving credit score. So, right now, the key task is finding a new job. This will enable you to make all payments on time. If you pay on time and do not overspend, your credit score will be fine. Can I contact the creditors to appeal the decision and get them to not affect my score at the very least? I know they won't restore the account without another credit check). Is there anything that can be done directly with the credit score companies? Depending on how they characterize the closing of the account, it may be mostly a neutral event that has a negative impact than a negative event. By negative events, I'm referring to bankruptcy, charge offs, and collections. So the best way to recover is to keep credit utilization below 30% and pay all your bills and debt payments on time. (You seem to be asking how to replace this line of credit to help you through your unemployment.) As for the missing credit line and your current finances, you have to find a way forward. Opening new credit account while you're not employed is going to be very difficult, if not impossible. You might find yourself in a situation where you need to take whatever part time gig you can find in order to make ends meet until your job search is complete. Grocery store, fast food, wait staff, delivery driver, etc. And once you get past this period of unemployment, you'll need to catch up on all bills, then you'll want to build your emergency fund. You don't mention one, but eating, paying rent/mortgage, keeping current on bills, and paying debt payments are the reasons behind the emergency fund, and the reason you need it in a liquid account. Source: I'm a veteran of decades of bad choices when it comes to money, of being unemployed for periods of time, of overusing credit cards, and generally being irresponsible with my income and savings. I've done all those things and am now paying the price. In order to rebuild my credit, and provide for my retirement, I'm having to work very hard to save. My focus being financial health, not credit score, I've brought my bottom line from approximately 25k in the red up to about 5k in the red. The first step was getting my payments under control. I have also been watching my credit score. Two years of on time mortgage payments, gradual growth of score. Paid off student loans, uptick in score. Opened new credit card with 0% intro rate to consolidate a couple of store line of credit accounts. Transferred those balances. Big uptick. Next month when utilization on that card hits 90%, downtick that took back a year's worth of gains. However, financially, I'm not losing 50-100 a month to interest. TLDR; At certain times, you have to ignore the credit score and focus on the important things. This is one of those times for you. Find a job. Get back on your feet. Then look into living debt free, or working to achieve financial independence.


A worker between ages 50 and 61 who has been unemployed for 17 months has only about a 9 percent chance of finding a new job in the next three months. A worker who is 62 or older and in the same situation has only about a 6 percent chance. As unemployment increases in duration, these slim chances drop steadily.


"If you are talking about a home office, you don't ""charge"" the business anything. If the area is used exclusively as an office you pro-rate by square footage just the actual expenses. TurboTax recent published an article ""Can I Take the Home Office Deduction?"" which is a must read if you don't understand the process. (Note: I authored said article.)"


"I suggest that you think in terms of ""financial independence"" rather than retirement. You do not need to retire in the stereotypical sense of playing golf and moving to Florida. If you reach a point where your ""day job"" does not need to pay your bills, you open up more options for what you can do. I am not saying to wait until retirement to do something you love. I am saying that lower salary requirements open up more options."


Yeah, and this whole visa nonsense is just to bring in people at much lower cost than their local counterparts. As someone who works in IT, fuck this. The idea that we somehow don't have enough people working to fill this position? I'm so fucking tired of this double-speak bullshit. Corporations can do whatever they want.


"So my understanding is that Google is prioritizing it's own comparison shopping services at the expense of others since it is acting essentially as the ""gateway to the internet"" in the EU. Some people say this is like Coke being forced to put Pepsi in its machines but I don't see it that way. I see it as Google unfairly giving its own services priority in Google Search Listings when the algorithm they use should be non-biased. Overall, a very interesting decision which could have great ramifications in the US"


I still Love reddit to pieces, I’ve been here for well over 11 years. I love that it’s no longer just geeks talking to geeks,. But, even the geeky subs are filled with inane comments now. They need a filter for “Inane sub-thread.” I’m thinking about writing a Machine Learning plug-in for Chrome that removes them. I just don’t have the time right now. I would make it FOSS so someone can rewrite it for other browsers, and the reddit team could use it.


Very common question. There is no any rule of thumb. This solely depends on your trading strategy. I will share my own experience. My day starts with the daily chart, if I have a signal, either I open my position or I check 30 minute chart to make sure that it won't go too much against my trade. and I open my position. If I am waiting for the signal the minimum timeframe is 4 hours for me. I use 30 minutes to find the best time to enter the market. So, this is totally something special for my trading strategy, that is why those things can change based on the different strategies. I also check weekly and monthly charts to confirm trend. I have been busy with forex since 2007 and I am a verified investor on etoro At the end, I never use 1,5,15,60 minute charts as they are against my strategy.


"Other people have already demonstrated the effect of compound interest to the question. I'd like to add a totally different perspective. Note that the article says if you can follow this simple recipe throughout your working career, you will almost certainly beat out most professional investors [...] you'll likely accumulate enough savings to retire comfortably. (the latter point may be the more practical mark than the somewhat arbitrary million (rupees? dollars?) My point here is that the group of people who do put away a substantial fraction of their (lower) early wages and keep them invested for decades show (at least) two traits that will make a very substantial difference to the average (western) person. They may be correlated, though: people who are not tempted or able to resist the temptation to spend (almost) their whole income may be more likely to not touch their savings or investments. (In my country, people like to see themselves as ""world champions in savings"", but if you talk to people you find that many people talk about saving for the next holidays [as opposed to saving for retirement].) Also, if you get going this way long before you are able to retire you reach a relative level of independence that can give you a much better position in wage negotiations as you do not need to take the first badly paid job that comes along in order to survive but can afford to wait and look and negotiate for a better job. Psychologically, it also seems to be easier to consistently keep the increase in your spending below the increase of your income than to reduce spending once you overspent. There are studies around that find homeowners on average substantially more wealthy than people who keep living in rental appartments (I'm mostly talking Germany, were renting is normal and does not imply poverty - but similar findings have also been described for the US) even though someone who'd take the additional money the homeowner put into their home over the rent and invested in other ways would have yielded more value than the home. The difference is largely attributed to the fact that buying and downpaying a home enforces low spending and saving, and it is found that after some decades of downpayment homeowners often go on to spend less than their socio-economic peers who rent. The group that is described in this question is one that does not even need the mental help of enforcing the savings. In addition, if this is not about the fixed million but about reaching a level of wealth that allows you to retire: people who have practised moderate spending habits as adults for decades are typically also much better able to get along with less in retirement than others who did went with a high consumption lifestyle instead (e.g. the homeowners again). My estimate is that these effects compound in a way that is much more important than the ""usual"" compounding effect of interest - and even more if you look at interest vs. inflation, i.e. the buying power of your investment for everyday life. Note that they also cause the group in question to be more resilient in case of a market crash than the average person with about no savings (note that market crashes lead to increased risk of job loss). Slightly off topic: I do not know enough how difficult saving 50 USD out of 50 USD in Pakistan is - and thus cannot comment whether the savings effort called for in the paper is equivalent/higher/lower than what you achieve. I find that trying to keep to student life (i.e. spending that is within the means of a student) for the first professional years can help kick-starting a nest egg (European experience - again, not sure whether applicable in Pakistan)."


If you create a block good enough to stop cellular data it will stop radio communications. This will prevent firefighters (should a fire ever occur) from communicating. A lawyer would just need to demonstrate that a single death or injury resulted directly from causing a fire fighter to operate in a diminished capacity by implementing their radio wave blocking system.


I live in Texas, I think we're a right to work state as well or whatever its called. I'm a man so this doesn't really affect me, but I believe most of the companies here offer limited maternity leave. At the office I work at there's never been a pregnant worker so I have no idea how it would be handled.


Turn around strategy: Provide coverage of the major European soccer leagues (Premier League, La Liga, Bundesliga, Serie A) the same way CBS/NBC do for NFL and College football. Soccer is the fastest growing sport in the U.S, and that is not just because of the influx of Latinos - the sport is really becoming popular amongst whites, blacks ect. Within ten years it will be bigger than baseball, potentially also basketball if the NBA keeps up its absurd predictability.


"Some additional information for the people who may read this question in the future : The situation is weird, to say the least. I'm going to assume 2 things : Now, look at these classic its-a-scam red flags : In these conditions, it is not safe to give even the smallest shred of information to such people. I'd advise you to ignore this person (best option), or to offer to get them in touch with an official (most scammers will run away at this point) or threaten to report them (not recommended, the scammer may take insult and try to ""get back at you""). Hope this post helps and nobody gets scammed! EDIT: Thank you for the amazing welcome! If I'd have known I'd get such a huge response, I'd have written a better answer ;) (I hope I'm not breaking any rules by this edit)"