"This is the best tl;dr I could make, [original](https://www.theguardian.com/business/2017/jul/15/top-1-of-households-in-uk-fully-recovered-from-financial-crisis) reduced by 89%. (I'm a bot) ***** > New research from the Resolution Foundation showed that households with incomes of &pound;275,000 or more quickly recovered from the impact of the deep recession and have seen their share of national income return to the level seen before the global banking system froze up in the summer of 2007. > &quot;Adam Corlett, senior economic analyst at the Resolution Foundation, said:&quot;The incomes of the top 1% took a short, sharp hit following the financial crisis. > The share of national disposable income for the richest 1% of households rose steadily after Margaret Thatcher became prime minister in 1979 and reached a peak of 8.5% on the eve of the financial crisis. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6njstj/top_1_of_households_in_uk_fully_recovered_from/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~167774 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **income**^#1 **year**^#2 **election**^#3 **Foundation**^#4 **standards**^#5"


Yes. But once you chose the method (on your first tax return), you cannot change it without the IRS approval. Similarly the fiscal year. For individuals, I can't think of any reason why would accrual basis be better than cash, or why would an individual use a fiscal year other than the calendar year.


"you use more than one kind of font in descriptions. also, font size is too small. being that the descriptions are underneath the item, one could even miss seeing/reading the ""no I don't want to save"" pop up sign sucks...insulting"


Starbucks has litigation in place to end this since the TSA is cutting into their handjob market. Depending on how SCOTUS rules on Obamacare, they could either argue for a government mandated handjob that they can contract out or that the government can't force handjobs, therefore they have to leave it to handjob enterprises. The details get fuzzy around whether customers will have a claim for reimbursement if they argue that they don't have time or a handjob right now and miss their plane.


Currently they put out 800 cars a week, and that was before the two week shutdown to add another dual line and allow for major production rampups. Plus the new body line, plus the new paint shop being built. As soon as these come online, going from 800 to 2000 in 18 months is not unrealistic.


well, Anyone with a voice can use your always on microphone, even from outside your house, they could order things from Amazon, or activate some iot device maliciously. the databases that these companies use are vulnerable as well, they store very personal information about your personal habits. you can tell when someone takes a shower from humidity sensors. when they come and go, what time they go to bed and when they leave in the morning.


I fucking hate airbnb because they make the rent in In NYC fucking expensive even with a 100k a year salary. It's a good thing that NYC is sending a fine of $1000 to whoever lists their whole apartment for rent on airbnb.


"Current is another word for Checking, as it is called in the US. Savings account is an interest-bearing account with certain limitations. For example, in the US you cannot withdraw money from it more than 6 times a month. Here is the explanation why. Current account is a ""general-use"" account on which you can write checks, use ATM/Debit cards and have unlimited transactions. It can also have negative balance (if your bank agrees to let you overdraft, they usually charge huge fees for that though). Checking accounts can have interest as well, but they usually don't, and if they do - it's much lower than the savings account interest."


Gold and Silver have gone up massively as the dollar has devalued. Roosevelt actually did confiscate gold, you were required to sell it to the federal Reserve. I would stay away from nusimatics or other overpriced vehicles for gold but the underlying statements are true.


Its pretty much always a positive to have large institutional investors. Here's a few cases where I can see an argument against large institutional investors: In recent years, we've seen corporate raiders and institutional investors that tend to influence management in ways that are focused on short term gain. They'll often go for board seats and disrupt the existing management team. It can serve as a distraction and really hurt morale. Institutional investors also have rules in their prospectus that they are required to abide by. For example, some institutional investors will not hold on to stock below $5. This really affected major banking stocks, some of which ended up doing reverse stock splits to keep their share price high. Institutional investors will also setup specific funds that require a stock to be listed as part of an index (i.e. the SPY, DJIA etc.,). When a stock is removed from an index, big investors leave quickly and the share price suffers. In recent months, companies like Apple have made their share price more affordable to attract retail investors. It gives an opportunity for retail to feel even more connected to the company. I'm not sure how much this affects overall sales... Generally, a good stock should be able to attract both retail and institutional investors. If there's not a good mix, then its usually a sign that somethings amiss.


This really depends on your own experience. I just graduated this year with my bachelors in Finance. I’ve read some books that are extremely below me and also extremely above me. Therefore I recommend reading the amazon samples if they’re available or renting the books.


"Have to side with the other guy here. You're stating the findings of a student run fund as fact. ""They're significantly overvalued"", for instance. And then there's comments like ""the capital structure is way to much debt"", which expose you as, well, not knowing what you're talking about. There's nothing wrong with being highly leveraged. In fact, it's necessary for companies like Tesla, in the industry they operate, to achieve growth and nail down the market."


"Wiki: consumer surplus - ""Consumer surplus is the difference between the maximum price a consumer is willing to pay and the actual price they do pay....The aggregate consumers' surplus is the sum of the consumer's surplus for all individual consumers."" Efficient production provides MORE product at LOWER prices, thus the difference between 'willing to pay' amount and 'actual price' is increased, plus as more product is produced, more people enjoy the benefit, so the aggregate consumer surplus is increased simply by increasing the number of consumers."


Moving from the Taxi monopoly to the Uber monopoly... Uber has raised their prices in my city over 10 times in the last year. It's now more economically feasible (even during non-surge times) to call a cab. Hell, the taxi waits have even been less. I don't know. Call me old fashion but I'd rather use a company that is regulated by the state in terms of pricing and safety standards rather than a company that blatantly disregards the law. Fuck, I got into an Uber last week and my driver was an acquaintance from highschool. He is a two time drug/armed felon... and Uber says they do background checks LOL


Alright thanks a lot. I had AP micro/macro economics last year and really enjoyed it and those numbers. I feel like I don't like math because those numbers aren't applicable. But thank you and I will definitely remember and take this advice into consideration.


The straight math might favor leaving it, but I'd personally prefer to have it in my control in an IRA. My own employer offered a buyout on the pension program, and the choice between a nice lump sum vs some fixed number 20 years hence was a simple one for me. Both my wife and I (same company) took the lump sum, and never regretted it.


If you return the money in the same tax year - it will not appear on your W2 and you will not be taxed on it. Whatever was withheld - you'll get it refunded when you file your annual tax return. If you return it in a different tax year - it becomes a miscellaneous deduction reported on your Schedule A. If the amount is less than $3000 - then this deduction is subject to the 2% AGI threshold, if the amount is more than that - it is not subject to threshold. Bottom line, you're probably going to lose money, unless you're already itemizing and the amount is above $3K. There's also a credit that you can take instead of deduction. See publication 525 for details.


> ive read that consumer spending stimulates an economy more than investment somewhere Investment is necessary for an economy to grow, as is consumer spending. Neither is more important. If you lack one of those, stimulating it will do more than stimulating the other. It's like a racing team saying the driver is more important than the car. In situations where everyone's cars are as good as they'll get, improving the driver is more important. In situations where the quality of cars differs, improving the car becomes more important. >Also, youhave the theory that decreasing the income gap helps society in many other ways There is strong speculation that that is the case. However, it's _100% fact_ that increasing everyone's wealth helps society much more. It's why you'd rather live today than in any more egalitarian point in our past. If tinkering with income inequality gets in the way of overall wealth creation, it will do more harm than good.


Want to know how to start a fight in almost any Wyoming bar? Suggest that fracking could possibly contaminate our limited drinking supply in our arid state. We are in such denial in this state that it shocks me. Expressing concern about fracking safety means you are nothing more than a job destroying communist fascist terrorist who hates Christmas.


I use damodaran courses to complete my knowledge of finance while studying for the CFA, for people with finance or accounting background his courses are great and very easy to understand. I could learn in few hours what would have taken days with an average teacher.


Thanks for your input. > Are you talking about domicile? Nope, **domestication**. See #2 [here]. I've seen that term on a few places on the web. I am a single-member LLC. I think I'll probably get a biz attorney. Do you think it matters whether the attorney is within the state I currently reside as opposed to the one I'm moving to?


Hello, I was curious if anyone had any insight as to why some mutual funds had different settlement dates than others. I've seen many funds that settle T+1 and some that are T+2 and yet others that are even longer than that. Just curious what is going on behind the scenes that could cause the variation in settlement times. I've looked on investopedia, my broker's website and other google related searches and couldn't find an answer. If anyone had a link or experience with this I would appreciate the information.


If you hold at least $2,000 of a company's shares for at least a year you can submit a proxy filing -- a stockholder proposal at the shareholders' meeting. Then you can use the media to agitate around that proposal. (See Hugh Fearnley-Whittingstall, mentioned here as well). Companies have been known to bow to media pressure around minority shareholder proposals. The guidelines for proxy filings are here: http://ecfr.gpoaccess.gov/cgi/t/text/text-idx?c=ecfr&sid=47b43cbb88844faad586861c05c81595&rgn=div5&view=text&node=17:3.0.1.1.1&idno=17#17:3.0.1.1.1.2.82.201 Buying enough shares to assume control of a major money center bank is not possible, regardless of the amount of money you can raise (remember: there are poison pill provisions, not to mention the fact that the more shares you want to buy, the higher the price will be). tl;dr: The way to do what you're trying to do is not by accumulating shares but by using the media. You need $2,000.


"Can we just call the Republicans 'evil, money-grubbing hucksters', and have done with it? I mean, I get the whole ""people should take more responsibility for themselves"" idea, but that kind of is hyperbole when ""taking responsibility"" means paying off a $12000 medical deductible on a $52000 household income, after paying $10000 per year on insurance. And if that's the case, why don't we apply that to roads? Libertarians are certain that Wal-Mart will help you pave the way from your home to the nearest Supercenter, because it's in their best interests, and it's your *responsibility* to take care of your own problems, like transportation. And healthcare. And let's talk about the fire department, shall we? Because I don't see anything in there about fire protection. You know what? Just forget about a paycheck. You work, and you can just automatically pay for all the stuff you need directly to the corporations that can supply it, after we take a cut off the top for national defense, of course. And we'll make sure that there are no protections for workers or consumers, because that just makes the stuff you're paying for more expensive, right? Yeah, that's it. Have another cup of Flavor-aid."


"From my experience, payments from banks and other financial entities, such as loyalty programs, generally aren't as large as payments that go the other direction from consumer to bank. Thus, keeping a bank account open simply for some reward/loyalty points may just be changing your behavior for the wrong reasons. The more important scenario is whether or not you have any automated ACH payments or whether your bank account is linked to other services. Perhaps the biggest tell that you're in the clear is when those transactions start occurring from your credit union account. For example: If you had a direct deposit to your BMO bank account, make sure you see deposits start to appear in the credit union account. If you're making automatic withdraws to an online savings or brokerage account, make sure those transfers are stopped and that you instead see them coming out of your new credit union account. You shouldn't need to move the auto loan, but you will need to make sure you can pay it from the new account. Some financial advisors, such as in this BankRate article titled, Lenders can tap bank account for mortgage, even recommend keeping liabilities and assets at different locations. If for whatever reason your financial situation turned bleak, it would be more difficult for the bank to help itself to what's in your checking account. To avoid getting nickel and dimed to death by ""payment processing fees"", I tend to pay insurance bills yearly or semi-annually. Thus, consider if there is anything that may be coming due in the next 6 months. If so, you might want to get your new account hooked up while you still have all the routing numbers and account numbers in your head. It's a pain to dig this stuff up while also rushing to not be late. If all that is in order, close the account."


"So that's why Sherron Watkins said, ""I am incredibly nervous that we will implode in a wave of accounting scandals. My eight years of Enron work history will be worth nothing on my resume, the business world will consider the past successes as nothing but an elaborate accounting hoax."" I see."


The deadline for recharacterizing the 2010 roll over was October 17th 2011. What was the deadline to recharacterize a 2010 rollover or conversion to a Roth IRA? You had until October 17, 2011 (because October 15, 2011, was a Saturday), to recharacterize your 2010 rollover or conversion to a Roth IRA if you filed your 2010 tax return on time, including extensions, and regardless of whether you requested an extension to file your 2010 tax return. For example, even if you did not request an extension to file your 2010 tax return and actually filed your return on or before April 18, 2011 (because April 15 was a holiday in the District of Columbia), you had until October 17, 2011, to recharacterize your 2010 Roth IRA rollover or conversion.


I see two ways to look at it:


Home appliances are the most important part of our lives. They make our life easier and help us to do our daily task much easily. When your appliances are not working then this can be a cause of your stress. We provide satisfactory repairing services for your home appliances.


It can be normal. The issue is everyone comparing themselves to others. Living by myself in a part of the country where cost of living was low was not easy, but necessary. I care less about internet points and more about people wrongfully demonizing schooling because of loans.


This was all luck, that amount of leverage will destroy your account in a single bad trade. You profit is way less than it should be because you are getting killed on fees. Take a look at the bitcoin trade, you should have 2,157.30 in profit but you only have 1825.42. And your currency trades were consistently positions that were worth $400,000 dollars, where you were pulling out ~$50 in profits, even though they should have been ~$80 profits. You are consistently getting 30% less than you should be, and consistently betting waaaaay bigger amounts than you account can really handle. Bad trades will probably have 30% greater losses than actual, and when the market moves the wrong direction then a single position will wipe out your account. Yes, you could have just bought bitcoin and gotten great profits. You totally nailed the directions of the markets! It is just a matter of time before you blow up, the trailing profits won't always help you when the market starts going down first.


I applied to a travel credit card after my local branch of Bank of America told me I should look into it due to my constant traveling. I've been with them for 3 years and have never had an issue and I was declined on my travel credit card even though I have a decent credit score of 730. I'm also a 22 year old and have my senior year of school to finish but have always been good with Bank of America. Is it because I'm young?


"Whenever I'm looking at whether I can afford a new fixed monthly cost I go over my account statement for the last three months (or last three ""normal"" months in the event that there has been something unusual recently) and list the items into four columns on an Excel sheet - Fixed Essentials - costs that happen every month and that have to happen, stuff like rent, utility bills, insurance, any loans or credit cards etc Fixed Niceties - costs that happen every month but that I could cut if I needed to, stuff like Netflix, Spotify etc Variable Essentials - costs that I incur on an adhoc basis but are essential, I'm talking things like food, fuel etc Variable Niceties - costs that I incur on an adhoc basis but could be cut if required, things like buying DVDs or games etc I sum up the ""Essentials"" columns and divide by three to get a rough monthly average. This is what I have to spend so I subtract this from my monthly income which tells me what I really have available to ""spend"" in any given month. Performing the same ""sum and divide by three"" operation on the niceties and subtracting that from my ""available to spend"" figure tells me what I have left on in an average month - if this is greater than the new monthly cost I'm considering (allowing for some reasonable buffer as well - you don't want to be running to zero each month!) then I can afford the new cost and then I just have to weigh up whether I think it's worth it or whether I'd rather use that for something else. If it's not sufficient and I really want/need whatever the new cost is then I can start looking at the fixed and variable niceties to see if I can make savings there. If after trimming the niceties where I can I still can't afford it but still really want/need it then I'll start looking at the Essentials to see if there are ways to reduce them through switching utility supplier or changing my shopping/eating habits etc."


This article makes it seem like it was a really high tech hack, but it wasn't. It was a fairly benign exploit that had been fixed for months. There are certainly some crazy state-sponsored exploits that have come public recently, like that nsa wikileaks drop, stuxnet, etc. This is not anywhere near that caliber. This was caused by sloppy management of infrastructure.


I smoke pot pretty much everyday and didn't smoke for two weeks and I was good. And if you have medical condition I believe then you should get a pass on passing for pot. HOWEVER as it relates to this article I don't think someone with a medical condition that requires cannabis for treatment would be working in this labor intensive industry


I'd use it to start paying for your master's degree. Each dollar you don't borrow for school returns 5.84% guaranteed. On the other hand, if you invest it in the stock market and get an average return of 8.34% a year you would both have to pay capital gains taxes on that money and expose yourself to the risk of the stock market disappointing you.


Unfortunately, in this market environment your goal is not very realistic. At the moment real interest rates are negative (and have been for some time). This means if you invest in something that will pay out for sure, you can expect to earn less than you lose through inflation. In other words, if you save your $50K, when you withdraw it in a few years you will be able to buy less with it then than you can now. You can invest in risky securities like stocks or mutual funds. These assets can easily generate 10% per year, but they can (and do) also generate negative returns. This means you can and likely will lose money after investing in them. There's an even better chance that you will make money, but that varies year by year. If you invest in something that expects to make 10% per year (meaning it makes that much on average), it will be extremely risky and many years it will lose money, perhaps a lot of it. That's the way risk is. Are you comfortable taking on large amounts of risk (good chances of losing a lot of your money)? You could make some kind of real investment. $50K is a little small to buy real estate, but you may be able to find something like real estate that can generate income, especially if you use it as a down payment to borrow from the bank. There is risk in being a landlord as well, of course, and a lot of work. But real investments like that are a reasonable alternative to financial markets for some people. Another possibility is to just keep it in your bank account or something else with no risk and take $5000 out per year. It will only last you 10 years that way, but if you are not too young, that will be a significant portion of your life. If you are young, you can work and add to it. Unfortunately, financial markets don't magically make people rich. If you make a lot of money in the market, it's because you took a risk and got lucky. If you make a comfortable amount with no risk, it means you invested in a market environment very different from what we see today. --------- EDIT ------------ To get an idea of what risk free investments (after inflation) earn per year at various horizons see this table at the treasury. At the time of this writing you would have to invest in a security with maturity almost 10 years in order to break even with inflation. Beating it by 10% or even 3% per year with minimal risk is a pipe dream.


I once turned down a raise because I didn't agree with the employee review that supposedly substantiated the raise. I felt the review to be superficial and incomplete. Then I refused to sign it, or take the accompanying raise, due to that fact.


By process, I assume you mean the financial process. Financially, this doesn't look any different to me than buying an empty lot to build a rental unit, with the added expense (potentially significant) of doing the tear-down. Given your lack of experience and capital, I would be very hesitant to jump in like this. You are going to have to spend a lot of time managing the build process, or pay someone else to do it for you. And expect everything to take twice as long and cost twice as much as you expect. If you really want to get into the landlord business, I would suggest starting with a structurally sound building that needs some renovation work and start there. One you have that up and running, you can use the cash flow and equity to finance something more aggressive. If you still think you want to do this, the first thing to do is figure out if the financials make sense. How much will it cost to do the tear-down and rebuild, plus the typical rental expenses:ongoing maintenance, taxes, insurance, vacancy rates and compare that to the expected rental rates in the area to see how long it will take to 1) achieve a positive cash flow, and 2) break even. There are a lot of good questions on this site related to rentals that go into much more detail about how to approach this.


>ETA's operations are on such a scale that they'd be able to undercut other relevant swiss mechanism manufacturers en scale. Other side of the coin is they controlled 80% of the market and could set prices at will, charging more than they would be able to with a smaller market share.


Agree that he needs to be doing some guerrilla marketing to get things moving. Get involved with a local realtor/builders association and start networking like crazy. Can he do small adverts in a local neighborhood magazine? Create a plan for the business. Nothing complicated... Just get an idea of how many people he needs to talk to in a day or week to get a job and go hit that number. Pretty soon he'll be so busy that you'll need start worrying about bringing on somebody else to help him out. Keep going!


Yes, you do. Depending on your country's laws and regulations, since you're not an employee but a self employed, you're likely to be required to file some kind of a tax return with your country's tax authority, and pay the income taxes on the money you earn. You'll have to tell us more about the situation, at least let us know what country you're in, for more information.


Foreign business doesn't land in Russia because of its despotic nature. Russian state assets have been looted since the year 1991. The first generation gang was Moscow based Boris Yeltsin providing it breastfeeding. Since the year 2000 the Baskov Lane dwarf has seated the throne breastfeeding his buddies from Petrograd. Not Germans nor anyone else is willing to invest to a country driven by a bunch of ill behaving buccaneers. Not even Russian money stays in the country but is emigrating. I wonder why is that.


"Your retirement PLAN is a lifelong plan and shouldn't be tied to your employer status. Max out your 401(k) contribution to the maximum that your employer matches (that's a 100% ROI!) and as much as you can afford. When you leave the work force rollover your 401(k) to an IRA account (e.g.: you can create an IRA account with any of the online brokerage firms Schwab, E-Trade, Sharebuilder, or go with a brick-and-mortar firm like JP Morgan, Stifel Nicolaus, etc.). You should have a plan: How much money do you need/month for your expenses? Accounting for inflation, how much is that going to be at retirement (whatever age you plan to retire)? How much money do you need to have so that 4.5% of that money will provide for your annual living expenses? That's your target retirement amount of savings. Now figure out how to get to that target. Rule #1 Invest early and invest often! The more money you can sock away early in your career the more time that money has to grow. If you aren't comfortable allocating your investments yourself then you could go with a Targeted Retirement Fund. These funds have a general ""date"" for retirement and the assets are allocated as appropriate for the amount of risk appropriate for the time to retirement."


I'm not sure why she's blaming Yelp for her 2.54 star rating. Yes, her handpicked reviewers are getting demoted. But all those negative reviewers who did business with her AND are regular Yelp reviewers should be considered perfectly representative of her overall quality of service as is. You redditors need to be honest with yourselves...even knowing that Yelp indiscriminately cuts out new reviewers, would you choose her 2.5 star company over a 5 star rated competitor? Of course not. **She wasn't handicapped or at a disadvantage with respect to her rivals whatsoever. Every Yelp businesses gets same Yelp treatment.**


You own something with very little market value - even if you paid a large price for it initially. Your cost to sell may be more than the price you get. Like any other item that has limited resale value, your best option may be to donate it. A quick Google search will turn up some options. This will likely be less hassle than selling. Also, you have a potential tax write-off.


>The financial press is full of articles about the massive flow of investors to Treasuries Wow, yeah I mean if you read about it or saw it on the news, then it must be true. But of course, if that were *really* true, then it would bring about the question... **[why the F! would the Fed have bought 61% of US Treasuries in 2011](http://www.moneynews.com/Headline/fed-debt-Treasury/2012/03/28/id/434106)???**


HFT is a controversial issue and there are smart people with very different opinions on it. You sound like your confidence in your own opinion is not matched with a deep knowledge of market structure. Also, front running has a technical meaning, and what you are referring to as front running is something different.


the problem now is A LOT of people dont have confidence in the euro, and they are taking their money out of it , and confidence is the only thing that backs the euro, or any fiat money. It's gonna get worst before it gets better unfortunately...


"> Now Pacquiao is a guy who will be broke very soon, or already is. He fought a no-named boxer with like 17 fights under his belt this past June in Australia (and he lost) to little fan fare. I know nothing about Pacquiao's finances, but Jeff Horn is only ""no-named"" in the sense that for some reason, you chose not to use his name. He had 17 fights under his belt, but was undefeated through them; he's not just some guy that came into the fight fresh off the streets. Further, to suggest there was little fanfare to the fight is plain ridiculous. They fought in front of a sold-out crowd of more than 50k, and outside of each fighter's home country, it was broadcast basically worldwide for free or on cable to stellar ratings. He did lose, albeit through a controversial decision."


"These are meaningless statistics on multiple levels: 1. These value rises are as of 2016. This does not indicate any sort of significant trend in the rise in value of these bags over time. Did they lose 30% in 2015? Will value stagnate in 2018? 2. Even if a trend were established (it is not), it doesn't suggest any sort of future movements whatsoever, as past price movements don't ensure future movements. 3. The fundamental idea of ""investing"" in an accessory is questionable at best. While collectors will buy things like cars and art, and some will sit on them as stores of value, the economics of generating future returns on these items is not so logically sound as with stocks or bonds. These collectors items do not generate future value in a way that produces cash flows. An individual has to purely hope that somebody is willing to pay more for it in the future; the item does not fundamentally necessitate higher payment. This is the fundamental problem also with ""investing"" in commodities, and why a fundamentalist like Buffet would never do it. You bet on a commodity move (hopefully with information that you believe the market to be incorrectly synthesizing); you don't really ""invest"" in one. What makes a stock or bond (a company) different is that a company can be thought of as a black box that prints more money than it is fed. We feed money into a company as investors; the company uses that money to buy assets (e.g. Machines, inventory) at book value; the assets are made to work in tandem to produce goods/services that have more value than the sum of their parts; those goods/services are sold at the now higher value for a profit, and cash flows are returned to investors for an annual return on your investment (sometimes dividends aren't paid, but are reinvested with the expectation that reinvestment will lead to far larger dividends in the future). As such, the money investors feed into a company is turned into more money at the other end, and thus the company has produced more value than it's inputs alone. It has done so through the combination of resources (assets) in a way that makes their value greater than the sum of their parts. A company fundamentally is a logical investment (barring doubts about management's ability to create this value). It is like a black box that prints more money over time than you feed it. Purses do not; gold does not; oil does not. Don't invest in purses. Collect then if you love them, but don't bank on a payday."


Let's not make this about me, it's simply an anecdote from personal experience about how this kind of thing affects employees. I'd rather work for a company where I know the pay is fair and equitable than one where HR just shoots from the hip.


There are those who are knowledgable in real estate who offer rules of thumb: Don't pay more that 50X the rent for the house. Here, $972 x 50 is $48600. Assume half the rent goes to expenses. So from $972, you net $486, and after that mortgage, you have $111 in profit. Zillow usually assumes 20% down, here $20K. So you are seeing a 6.67% return on your 20K. (Plus appreciation and principal paydown.) For the record, I just bought a 3 family, under renovation now. Expecting total cost to be $160K, and total rent $2500. I missed ratio a by a bit, but $1250 to go toward a $120K mortgage works out fine. $550 profit/mo on the 25% down ($40K). (By the way, a turnover of tenants can cost (a) a month of no rent, (b) a cost to the real estate agent, if you use one, and the cost to paint/repair. This is generally considered 10%. So if the 50% of rent seemed high, here's 10 of it.)


You're asking three different questions... Q1: What's to stop people not reporting income earned in this manner? A: Nothing. Absolutely nothing. The IRS doesn't have the means to keep track of your cash flow and your reported taxes on the fly. Q2: How could the IRS possibly keep track of that? A: When you get audited. If it ever did come up that things didn't balance you would end up owing back taxes, with interest and possibly fines. Q3: Moral obligations aside... why report? A: Since you've dismissed 'doing your duty as a citizen' as a moral obligation, the only other real one is that it's a pain in the butt to get audited and it is expensive if you lie and get caught.


"SEC filings do not contain this information, generally. You can find intangible assets on balance sheets, but not as detailed as writing down every asset separately, only aggregated at some level (may be as detailed as specifying ""patents"" as a separate line, although even that I wouldn't count on). Companies may hold different rights to different patents in different countries, patents are being granted and expired constantly, and unless this is a pharma industry or a startup - each single patent doesn't have a critical bearing on the company performance."


You're totally correct, but missed my point. The socialists in our society pushed for socialized healthcare, the free-marketers resisted. Punishing poor/unskilled workers was the end-result compromise. Personally I think the only reason this compromise exists is because the socialists elements of our society have a fundamentally naive view of how an economy works. It isn't because they are evil, it's just that their total focus on 'social-justice' blinds them from seeing the inevitable consequence of their actions. It's a similar problem to fundamental religionists needing to disregard science to remain true to their faith. Knowledge of science turns people towards atheism, knowledge of economics turns people towards free-markets. It's critical for one to find a mechanism to remain ignorant in order to hold on to such a world-view which is why few people 'jump ship' from athiesm to religion, or from free-marketer to socialist. It's a one way trip. Religion and socialism are psychologically and emotionally comforting and to a limited degree work well, especially in smaller communities in helping to coordinate a society to bring about positive results. So I'm not anti-socialist, nor anti-religionists, especially at the small scale. The problem is that because both of these movements rely on a certain kind of willful ignorance, their adherents are easily 'tricked' into working against their core motivations (love for humanity, justice for all). I said all that to say that you are correct in assuming I blame the socialist disproportionately, but I think this blame is justified. If they didn't have such an irrational/ignorate fear of the free market we wouldn't have such complex, unfair set of rules that tend to hurt the most disadvantaged in our society most.


"From your mother point of view, the money she receives from you cannot be defined as ""Income"" and hence there is not income tax. However this would be treated as ""Gift"" and as per Gift Tax rules, there is no limit on transfers of money between ""Relative"". Your Mother falls under this definition and hence you can give unlimited money to your parents without any tax implication. It is advisable to keep proper records if the amounts run upto lacs of rupees."


You will probably not be able to figure out the bank from the account number. You can check for your name on registries of abandoned bank accounts or unclaimed money, but without more information, you don't have a lot of options.


"I bet he didn't even get offered an IPO - he probably thought that if you buy it on the first day that's the ""ipo"" and you can make money on a bounce. Honestly, I think this open access to the stock market whereby anyone can be a 'trader' is a terrible thing."


Thank you for the pointers! Did you find it necessary to hire an attorney to set up your llc? Have you found any real down-sides with the llc option? It seems to be great in most circumstances from what I'm reading/hearing, there must be some negatives.


"But you're forgetting that the problem under discussion here is that the owners who set the wages tend to prefer higher profits over ""best employees, they are happier, lower turn over"". In a lot of industries that employ a lot of people, a marginal increase in productivity isn't going to overcome the increase in wages required to create it."


"The Fair Credit Reporting Act specifies in some detail on pages 50-54 (as labeled in the footer, 55-59 as pages in pdf) the process that occurs when a consumer initiates a dispute. The safe outcome for the reporting agency is to remove the information in dispute from reports within 30 days if the reporting party does not certify the information is complete and accurate (with other statutory timelines for communication to the customer and the reporter). If you initiate a dispute, then the agency is following the law by deleting the reported information, outside new input from the furnisher. If this is unsatisfactory, you have the following statutory right within § 611. Procedure in case of disputed accuracy [15 U.S.C. § 1681i (d) Notification of deletion of disputed information. Following any deletion of information which is found to be inaccurate or whose accuracy can no longer be verified or any notation as to disputed information, the consumer reporting agency shall, at the request of the consumer, furnish notification that the item has been deleted or the statement, codification or summary pursuant to subsection (b) or (c) of this section to any person specifically designated by the consumer who has within two years prior thereto received a consumer report for employment purposes, or within six months prior thereto received a consumer report for any other purpose, which contained the deleted or disputed information. The section that binds furnishers of information (§ 623. Responsibilities of furnishers of information to consumer reporting agencies [15 U.S.C. § 1681s-2], starting on page 78 in the footer) places on them the following specific duties: (B) Reporting information after notice and confirmation of errors. A person shall not furnish information relating to a consumer to any consumer reporting agency if (i) the person has been notified by the consumer, at the address specified by the person for such notices, that specific information is inaccurate; and (ii) the information is, in fact, inaccurate. ... (2) Duty to correct and update information. A person who (A) regularly and in the ordinary course of business furnishes information to one or more consumer reporting agencies about the person’s transactions or experiences with any consumer; and (B) has furnished to a consumer reporting agency information that the person determines is not complete or accurate, shall promptly notify the consumer reporting agency of that determination and provide to the agency any corrections to that information, or any additional information, that is necessary to make the information provided by the person to the agency complete and accurate, and shall not thereafter furnish to the agency any of the information that remains not complete or accurate. So there you have it: they have to stop reporting inaccurate information, and ""promptly"" notify the credit agency once they've determined what is incomplete or inaccurate. I note no specific statutory timeline for this investigation."


EDIT: This answer is outdated and is no longer valid due to that all new & existing accounts in Jersey must be owned by a resident from Guernsey or Jersey due to anti-tax-dodging laws. Link Open an offshore account in a Bank in Jersey. Mime is with lloydstsb-offshore.com. It will cost you £70 a year, but for that price you can get 3 accounts: one in $, one in £ and one in €. You can move money between the accounts without any cost and you can have a chip and pin card on both the Euro and the £ accounts. And there is no residency restrictions. Downsides: The anti laundering checks are annoying. Don't forget to tell the IRS about every single cent you get in interest and religiously pay your tax on it. The revenue service doesn't like people with off-shore accounts...


That is how the market works. Maybe these roofing companies should find another line of work. Roofing is a shitty job, and I can understand why people don't want to do it for $10/hour, which is ~20k a year, which is subsistence living at best. Less roofers, less supply...well you know. So it is in the workers best interests long term to turn their nose up at low paying laborious jobs. Just like a company would do if they were in a line of work with low profit margins. With the difference being, when labor does not get motivated for low pay, they are considered lazy.


The answers provided so far as good and informative, but I just thought I'd add one small point... There are super-national organisations that commonly lend to governments, in particular those in the developing the world. The World Bank and IMF (International Monetary Fund) are the two primary ones. Also quite notably, the Greek economy was bailed out only this year by the EMF (European Monetary Fund) spearheaded by Germany - this is a rare occurrence however and was done mainly because Greece was a relatively developed country and others had an obligation to assist it as an EU member state.


For all of us who are married, our wedding day is remembered as a special day in our lives. There would be hardly anyone, who would not want their wedding day to be as special as possible and a memorable one at that. However, while memories can fade with passage of time, one can store them for a lifetime, with the help of photographs.


There are 2 approaches. One of them is already mentioned by @Afforess. If the approach by @Afforess is not feasible, and you can not see yourself making an unbiased decision, close the position. By closing the position you will not get the best price. But by removing a distraction you will reduce amount of mistakes you make in the other stocks.


I'm trying to get the numbers to work. I built a quick spreadsheet that allocated the lost time as stated against the overall pay increase, assuming 1.5x for more than 40 hours. I can't find a reasonable number of hours worked where a 9% cut in hours outweighs the near 20% increase in wages.


I teach just north of the border in Ontario. It is incredibly hard to get a teaching job here (close to any urban centres anyway). If you are lucky, it's 3-4 years of supplying and part-time before you get your own full-time gig. Applications to get on the supply lists far outstrip the availability of positions. This is entirely because teachers are well paid here.


"Exactly. Not to mention the driver burn rate. There's a reason taxi generally costs more than Uber. And no it's not because of the ""corrupt taxi monopoly"" as Uber would like you to believe. And no, it's not the medallion purchased amortized over 30 years. It's because that's what it costs to operate and maintain a commercial transportation service."


"VIV.PA - is Vivendi listed on a stock exchange in Paris VIVEF - is Vivendi listed on the OTC Other Exchange. VIVHY - is Listed on the OTC:Pink Sheets. A company can be listed on multiple exchanges, they are known as a dual-listed company. It's a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Pretty much all DLCs are cross-border, and have tax advantages for the corporations and their stockholders. When a DLC is created, in essence two companies are created and have two separate bodies of shareholders, but they agree to share all the risks and rewards of the ownership of all their operating businesses in a fixed proportion, laid out in a contract called an ""equalization agreement"". The shares of a DLC parents have claim to the exact same underlying cash flows. So in theory the stock prices of these companies should move exactly the same. However in practice there can be differences between these prices. More info on OTC exchanges can be found here - keep in mind this info is from the company that runs these listings. Over the counter stocks are held to a FAR lesser regulation standard. I would recommend doing further interdependent research before pursuing any action."


> it actually equalizes the economies in the long run Noone denies that - but those who dislike globalization **don't want** it to be equalized. The world average income is $18,000 a year. Compared to the current US average income of $37,000. So this equalization means loosing half of your income.


Isn't Germany better able to handle population loss, though? The EU allows freedom of movement, so whatever jobs Germans can't fill, a Spaniard, Italian, or Bulgarian can fill instead. Japan doesn't have anything like that and is actually very xenophobic from what I've heard.


crank out expensive shares when markets are frothy Corporations go public (sell their shares for the first time) in market conditions that have a lot of liquidity (a lot of people buying shares) and when they have to make the fewest concessions to appease an investing public. When people are greedy and looking to make money without using too much due diligence. Think Netscape's IPO in 1995 or Snapchat's IPO in 2017. They also issue more shares after already being public in similar circumstances. Think Tesla's 1 billion dollar dilution in 2017. Dilution results in the 1 share owning less of the company. So in a less euphoric investing environment, share prices go down in response to dilution. See Viggle's stock for an example, if you can find a chart. issue debt Non-financial companies create bonds and sell bonds. Why is that surprising to you? Cash is cash. This is called corporate bonds or corporate debt. You can buy Apple bonds right now if you want from the same brokers that let you buy stocks. mutual fund investor Bernstein is making a cynical assessment of the markets which carries a lot of truth. Dumping shares on your mom's 401k is a running gag amongst some financial professionals. Basically mutual fund investors are typically the least well researched or most gullible market participants to sell to, influenced by brand name more than company fundamentals, who will balk at the concept of reading a prospectus. Financial professionals and CFOs have more information than their investors and can gain extended advantages because of this. Just take the emotions out of it and make objective assessments.


"Legally speaking, if you do close a limited company, the funds belong to the government (""bona vacantia""). There's some guidance on this at Companies House and there is indeed a substantial amount of administration work to get it undone. Notable excerpts: You should deal with any loose ends, such as closing the company’s bank account, the transfer of any domain names - before you apply. [...] From the date of dissolution, any assets of a dissolved company will belong to the Crown. The company’s bank account will be frozen and any credit balance in the account will pass to the Crown. [...] 4. What happens to the assets of a dissolved company? From the date of dissolution, any assets of a dissolved company will be 'bona vacantia'. Bona vacantia literally means “vacant goods” and is the technical name for property that passes to the Crown because it does not have a legal owner. The company’s bank account will be frozen and any credit balance in the account will be passed to the Crown. [...] Chapter 3 - Restoration by Court Order The registrar can only restore a company if he receives a court order, unless a company is administratively restored to the register (see chapter 4). Anyone who intends to make an application to the court to restore a company is advised to obtain independent legal advice. [...] Chapter 4 - Administrative Restoration 1. What is Administrative Restoration? Under certain conditions, where a company was dissolved because it appeared to be no longer carrying on business or in operation, a former director or member may apply to the registrar to have the company restored. [...]"


I'm glad keshlam and Bobby mentioned there are free tools, both from the IRS and private software companies. Also search for Volunteer Income Tax Assistance (VITA) in your area for individual help with your return. A walk-in tax clinic strength is tax preparation. CPAs and EAs provide a higher level of service. For example, they compile and review your prior year's return and your current year, although that is not relevant to your current situation. EAs and CPAs are allowed to represent you before the IRS. They can directly meet or contact the IRS and navigate audits and other requests on your behalf. Outside of tax season, an accountant can help you with tax planning and other taxable events. Some people do not hire a CPA or EA until they need representation. Establishing a relationship and familiarity with an accountant now can save time and money if you do anticipate you will need representation later. Part of what makes the tax code complicated is it can use very specific definitions of a common word. Furthermore, the specific definition of a phrase or word can change between publications. Also, the tax code uses all-encompassing definitions and provide detailed and lengthy lists that are not exhaustive; you may not find your situation listed or described in the tax code, yet you are responsible for reporting your taxable events. The best software cannot navigate you through your tax situation like an accountant. Lastly, some of the smartest people I have met are accountants and to get the most out of meeting with them you should be as familiar as possible with your position. The more familiar you are with accounting, the more advanced knowledge they can share with you. In short, you will probably need an accountant when: You need to explain yourself before the IRS (representation), you are encountering varying definitions in the tax code that have an impact on your return, or you have important economic activities that you are unsure of appropriate tax treatment.


think the main reason is that the number of companies that offer business flights to their personnel dropped significantly. So airliners need to fill that space with paying customers. Frequent flyers often travel last minute, where the margin is higher, so in a way, they do pay for their premium service.


"how can I get started knowing that my strategy opportunities are limited and that my capital is low, but the success rate is relatively high? A margin account can help you ""leverage"" a small amount of capital to make decent profits. Beware, it can also wipe out your capital very quickly. Forex trading is already high-risk. Leveraged Forex trading can be downright speculative. I'm curious how you arrived at the 96% success ratio. As Jason R has pointed out, 1-2 trades a year for 7 years would only give you 7-14 trades. In order to get a success rate of 96% you would have had to successful exploit this ""irregularity"" at 24 out of 25 times. I recommend you proceed cautiously. Make the transition from a paper trader to a profit-seeking trader slowly. Use a low leverage ratio until you can make several more successful trades and then slowly increase your leverage as you gain confidence. Again, be very careful with leverage: it can either greatly increase or decrease the relatively small amount of capital you have."


"Depends. The short answer is yes; HSBC, for instance, based in New York, is listed on both the LSE and NYSE. Toyota's listed on the TSE and NYSE. There are many ways to do this; both of the above examples are the result of a corporation owning a subsidiary in a foreign country by the same name (a holding company), which sells its own stock on the local market. The home corporation owns the majority holdings of the subsidiary, and issues its own stock on its ""home country's"" exchange. It is also possible for the same company to list shares of the same ""pool"" of stock on two different exchanges (the foreign exchange usually lists the stock in the corporation's home currency and the share prices are near-identical), or for a company to sell different portions of itself on different exchanges. However, these are much rarer; for tax liability and other cost purposes it's usually easier to keep American monies in America and Japanese monies in Japan by setting up two ""copies"" of yourself with one owning the other, and move money around between companies as necessary. Shares of one issue of one company's stock, on one exchange, are the same price regardless of where in the world you place a buy order from. However, that doesn't necessarily mean you'll pay the same actual value of currency for the stock. First off, you buy the stock in the listed currency, which means buying dollars (or Yen or Euros or GBP) with both a fluctuating exchange rate between currencies and a broker's fee (one of those cost savings that make it a good idea to charter subsidiaries; could you imagine millions a day in car sales moving from American dealers to Toyota of Japan, converted from USD to Yen, with a FOREX commission to be paid?). Second, you'll pay the stock broker a commission, and he may charge different rates for different exchanges that are cheaper or more costly for him to do business in (he might need a trader on the floor at each exchange or contract with a foreign broker for a cut of the commission)."


This might clear something up: http://en.wikipedia.org/wiki/Fiduciary One in Corzine's position assumes a legal duty and obligation to make sure that what happened at MF Global *does not happen*. It's not a choice, or a question of who was culpable. Corzine is legally obligated by taking on the position, and if he didn't like it, he could resign and thus terminate the fiduciary duty.


As a longtime customer of Scottrade I want to say that I'm very happy with it. Now, to answer your question: they do give you a nominal cash interest rate but it is VERY low -- this past month it was 0.01% APYR. The interest that I earned in my Scottrade account in August (31 days) on average credit cash balance of $729.36 was $0.01. I don't know if or where they publish the rate, but you would get a much better rate from an average savings account. However, you can purchase CDs/bonds/tbills through Scottrade if you want cash/safe investments.


Never invest money you need in the short term. As already suggested, park your money in CDs.


You can go to the required company's website and check out their investor section. Here is an example from GE and Apple.


Unless you're Los Angeles. Because they have a lot of the facilities already. Plus they can now use it to insist all the metro expansions and infrastructure upgrades are completed on time. You can pass all kinds of local resolutions because the Olympics are coming.


No, at least not with specific houses. When I bought my current house, our realtor looked at the previous selling price of this house, along with the prices at which it had been placed on the market. These values influenced the amount we offered for the house. I'm sure it also influenced the amount the house had been listed at.


I know what I was trying to say. It has nothing to do with trump as the article seems to lean towards. The jobs in Florida were already there. I don't think trump Had anything to do with the several walk in clinics to open in my city this year. Nor the hiring of more teachers under Obamas fiscal year. The only thing preventing anyone here from getting a job is the ability to walk in and start at your convenience.


"I think I'm just old enough to not be referred to as one of them, but I know that I almost deliberately don't buy anything sold in ads, and I do weird shit like click no when sites ask me if an ad is relevant, especially when it is. I don't use Twitter a lot, but when I do, I pick every single ad and kill it. What's the option? Is it ""I don't like this ad"" or something like that? I know I've thrown off the persona tracking when I'm getting ads for things the exact opposite of what I would buy or use."


You mentioned BoA. I have had BoA accounts for about ten years. All of my transfers between accounts are immediate. I have never had to wait with BoA. Scottrade Accounts are the worst in this respect. Once I had to wait 8 days. PayPal come in a close second for making you wait.


"IIRC there was a bit of a controversy with Google promoting its own services a year or two ago. I failed to see fault on Google's part, but if you searched for something like a zip code, it would say: ""Looking for zip code? Try Google Maps"" (with link of course) Then search results followed. Google agreed to stop, but I don't think it was clear they were violating any laws."


Similar to the lawn care you mentioned: if you have space, you could have the kids create a mini-farmstand. They could grow flowers for cutting, some vegetables, etc. It would be a different twist on the classic lemonade stand. If the kids are into animals and space and zoning allows, you could keep chickens and add eggs to your mini-farmstand. Upfront costs for the garden would be small enough that they can learn about how investing in a business works at a very small scale. Along with learning about money, they also learn responsibility because it requires commitment and daily attention. It's also seasonal in a way that meshes well with school (though having animals is a constant year-round responsibility).


You're not seeing the forest for the trees. Proper capital allocation takes diligent research from a community in choosing the best prospects. That community then supports LONG-TERM investment in that company. This is how proper companies are fostered; proper research is done; technologies advance, societies develop. Long-term investment leads to proper capital allocation. Please do tell me how short-term investment has any value in proper capital allocation.


I found the best way to do this was to make a spending plan at the beginning of the month with someone else. If you're married or in a relationship where you pool resources, then this is a natural way to sync up on your expectations. If you don't have a relationship of that nature, it's still good to have a friend that you talk to about things you are planning on buying. If I don't allow myself to buy things on a whim, if I have to take the time to justify my purchases to someone else, then I have to first think about the purchase and justify it to myself. Often the actual process of thinking it through is enough for me to talk myself out of it. Consider the tactics of car salesmen. Each time you attempt to leave the lot, to think about it overnight, they sweeten the offer to try to get you to buy before leaving. They know that if you leave the lot, you are much less likely to decide that you must have that car. You should have a policy of sleeping for one night before making any purchase over an arbitrary dollar amount say $250, or $500, or $1,000. Having that rule, and following it will save you a lot of buyers remorse. As an aside, I've had my eye on a 35mm prime lens for my camera for over a year now. I was ready to pay ~$500 for a nice lens that was discounted by $100, and I was a little sad that I missed the discount. However, I am very deliberate in my shopping, and I didn't want to buy until I read enough of the reviews to be certain about it. It turns out that the lens has a fatal flaw for landscape photography that most reviewers didn't notice because they were using it for portrait photography. I finally concluded that the lens I really wanted was an $800 lens. I looked at resale prices on my $600 lens and they are in the $350 range. So instead of missing out on a $100 discount, I missed out on a $150 loss trading up to the lens that I really want for the long term.


"That's bullshit. If money is ""created"" when bank makes a loan, then money is ""destroyed"" when customer repays the loan. Eventually these two processes even out, so money can be ""created"" only temporarily. You can roll over the loans only to a certain extent, at some point chicken must come home to roost. Current cycle of credit expansion just continues for so long, people lose common sense view and come up with nonsense ""theories""."


When you swipe your credit card, the terminal at the store makes a request of your bank, and your bank has only a few seconds to accept or reject the transaction. Once the transaction is accepted by your bank, it appears in the Pending transactions. At the end of the business day, the store submits all of the final transactions for the day to their bank in a batch, and the banks all trade transactions in a batch, and money is sent between banks. This is the process that takes a couple of days, and after this happens, you see the transaction move from your Pending transactions into the regular transactions area. Most of the time, the pending transaction and the final transaction are the same. However, there are cases where it is different. A couple of examples: With a credit account, the fact that the final amount is not known for a few days is no big deal: after all, you don't have any money in the account, and if you end up spending more than you have, the bank will happily let you take your time coming up with the money (at a steep cost, of course). With a debit card tied to your checking account, the transaction is handled the same way, as far is the store is concerned. However, your bank is not going to run the risk of you overdrawing your checking account. They also are not going to run the risk of you withdrawing money from your account that is needed to cover pending transactions. So they usually treat these pending transactions as final transactions, deducting the pending transaction from your account balance immediately. When the final transaction comes through, they adjust the transaction, and your balance goes up or down accordingly. This is one of the big drawbacks to using a debit card, in my opinion. If a bad pending transaction comes through, you are out this money until it gets straightened out.


Much money is made by creditors on the transaction value of a client in addition to interest value. Knowing that, I pay off all my cards every month, have never made a late payment, and get a number of offers every year for reward type cards. Don't ever be worried about paying off your card in full, just be sure you're using your card and that you pay on time, every time.


You seem to think that the term “held”is used correctly. There lies your logical fallacy. I made no such assumption. In my question I test both the use of the term “US economy” AND the term “held”. It is obvious you can’t “hold” income but if you want to get down to technicalities, both asset and income/expenses are types of accounts while the notion of “trust” is a legal construct to limit the rights of external creditors.


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> That's true, but consumers have to pay to make those complaints, which is a racket unto itself. That's news to me. I never paid anything when I used the BBB to threaten a lawsuit in 2007. If you have to pay to complain, I have grave concern and would skip BBB all together.


Standard Repayment can be quite burdensome. Fortunately, it looks like FedLoan Servicing offers a variety of payment plan options, and even provides a calculator that you can use to compare them given your adjusted gross income and current loan balances. This won't reduce that $420 to $0 but it may bring it down significantly. I agree with @littleadv that you need legal advice to answer your other questions. That being said, I can tell you that it is possible to go into deferment and/or forbearance at any time (not only before you start making regular payments) as long as you meet the criteria. Otherwise, it may be worth looking through other questions and answers on here about lowering expenses and increasing income. There is a lot of good advice for people in similar situations to yours. If you are truly in hardship, even with a full-time job, you may qualify for supplemental nutrition insurance, a.k.a. food stamps. Best of luck.


Rent deposit returned to you is not an income. Its your money to begin with. The homeowner is taxed on taking it and can expense the refund, but for you - there's no taxable event. ATM rebate is what it is - rebate. A cash discount over the money paid. Basically - the bank refunded you a fee you paid (ATM rebate is a refund of the ATM fee you paid to a third-party ATM operator). Again - your money. The ATM operator and the bank both have taxable income/deduction, but its not your problem. You - just got your money back. No income, no taxable event. Neither should appear on your tax forms, and similarly nor should credit card points, cash rebates, frequent flyer miles, etc. All are in fact either a refund of your money paid or a merchant discount to you, not an income.


Indeed. This is the death punch the Chinese have been training for. Remove the petrodollar and our economy cant survive without all that demand. One punch, you neutered the US and its military budget now becomes to large to finance. The cost of imports would also increase destroying what ever purchasing power the average broke citizen has. US would be forced to deal with its budget and cut backs to social programs would cause chaos. Fun times ahead.


The market maker will always compare the highest bid and the lowest ask. A trade will happen if the highest bid is at least as high as the lowest ask. Adding one share (or a million shares) at a higher asking price, here: $210 instead of $200, will not have any effect at all. Nobody will buy the share. Adding a bid for one share (or a million shares) at a higher bid price will trigger a sale. If you bid $210 for one share, you will pay $210 for one of the shares that were offered at $200. If you have $210 million in cash and add a bid for 1,000,000 AAPL at $210, you will pay $210 for all shares with an ask of $200.00, then $200.01, then $200.02 until you either bought all shares with an ask up to $210, or until you bought a million shares. With AAPL, you probably bid the price up to $201 with a million shares, so you made lots of people very happy while losing about 10 million dollars. So let's say this is a much smaller company. You have driven the share price up to $210, but there is nobody else bidding above $200. So nobody is going to buy your shares. Until some people think there is something going on and enter higher bids, but then some people will take advantage of this and ask lower than your $210. And there will be more people trying to make cash by selling their shares at a good price than people tricked into bidding over $200, so it is most likely that you lose out. (This completely ignores legality; attempting to do this would be market manipulation and in many countries illegal. I don't know if losing money in the process would protect you from criminal charges).


"well, yes, your original comment was a general statement that ""paying taxes is a civic duty and patriotic"". General statements get general responses. So yeah, saying that taxes are a civic duty or are patriotic is meaningless, borderline tautology. I'm not sure how much deeper you want to go, because you didn't make a very deep comment. and it doesn't matter how much taxes you or I pay, or who pays more."


"You're welcome. I think what Trump could do is give a deep discount to federal employees. Many hotels already do this. Make the price the lowest in DC. That would go a long way to diffuse this type of conflict. I honestly don't think he's trying to profit from his office. He's even donated his salary to the Federal Park system. Trump has a huge ego. He's said stupid things. But if I was to rank ""most evil presidents"" it would be the Bush's and Cheney. They were war mongers and war profiteers. Reagan and his trickle down economics was bad too. Trump would be pretty far down that list. If Trump drags us into an unnecessary war, that would definitely change my opinion of him."


Did You Make The Decision? Some of us display Entrepreneurial traits from a young age, research shows that some successful individuals have had Entrepreneurial parents. In my case, it was circumstantial – I took a leap of faith in myself & have learnt so many valuable lessons along the way. When you set-up in business you will go through an array of emotions for at least 2 years, it takes between 2 – 3 years for your nerves to settle & to feel you are not faking it but making your future unfold in front of you.


"Market orders do not get priority over limit orders. Time is the only factor that matters in price/time order matching when the order price is the same. For example, suppose the current best available offer for AAPL is $100.01 and the best available bid is $100.00. Now a limit buy for $100.01 and a market buy arrive at around the same instant. The matching engine can only receive one order at a time, no matter how close together they arrive. Let's say that by chance the limit buy arrives first. The engine will check if there's a matching sell at $100.01 and indeed there is and a trade occurs. This all happens in an instant before the matching engine ever sees the market buy. Then it moves on to the market buy and processes it accordingly. On the other hand, let's say that by chance the market buy arrives first. The engine will match it with the best available sell (at $100.01) and a trade occurs. This all happens in an instant before the matching engine ever sees the limit buy. Then it moves on to the limit buy and processes it accordingly. So there's never a comparison between the two orders or their ""priorities"" because they never exist in the system at the same time. The first one to arrive is processed first; the second one to arrive is processed second."


"Leaving the issue of purchasing gift cards aside, xeroxing the coupons and reusing them is fraud. Your statement that ""well Target should have made unique coupon codes, they have more knowledge so it's on them"" opens a very dangerous path. If someone makes copies of dollar bills (but generates new, fake serial numbers since those are unique) it shouldn't be fraud because the government should have known better? If you read the actual thread (plus it's mentioned in the article) there are discussions of timing ""raids"" to catch cashier shift changes, people going from Target to Target, *people wearing disguises*, etc. How is that not clearly people knowing that what they were doing was fraudulent?"


They should be paid, just the absolute minimum considering their jobs require 0 skill and are based on hours worked not value added. Now that you've failed to strawman me, would you like to explain why you thinkable unskilled hourly laborer should be able to afford a family on that job alone?


You still haven't explained it. I'm actually a theoretical physicist and many things (in fact, many more than in the financial world) can be done with pen and paper. Also, I have a friend who works in risks management for a bank and the things he describes can't be done with pencil and paper. Everyone in his department uses either matlab or C. Not a single person uses spreadsheets. So unless you can give me a specific example of anything meaningful that in this day and age can be done with spreadsheets, you haven't contributed anything to a conversation that had nothing to do with you.


I had some extra money, so I opened American express saving account. At the time which was offering .80%, now .90%. I put most of the money in the saving account. The remainder of my money in a investment account at my local bank. I was in touch once a week with investment, I learned allot how the stock market worked and tax deferment(401k, IRA, IRA Roth). My suggestion is to do test run and see if you like it. Side note, NOT ALL investment are created equal.


Most of the information we get about how a company is running its business, in any market, comes from the company. If the information is related to financial statements, it is checked by an external audit, and then provided to the public through official channels. All of these controls are meant to make it very unlikely for a firm to commit fraud or to cook its books. In that sense the controls are successful, very few firms provide fraudulent information to the public compared with the thousands of companies that list in stock markets around the world. Now, there is still a handful of firms that have committed fraud, and it is probable that a few firms are committing fraud right now. But, these companies go to great lengths to keep information about their fraud hidden from both the public and the authorities. All of these factors contribute to such frauds being black swan events to the outside observer. A black swan event is an event that is highly improbable, impossible to foresee with the information available before the event (it can only be analyzed in retrospect), and it has very large impact. The classification of an event as a black swan depends on your perspective. E.g. the Enron collapse was not as unexpected to the Enron executives as it was to its investors. You cannot foresee black swan events, but there are a few strategies that allow you to insure yourself against them. One such strategy is buying out of the money puts in the stocks where you have an investment, the idea being that in the event of a crash - due to fraud or whatever other reason - the profits in your puts would offset the loses on the stock. This strategy however suffers from time and loses a little money every day that the black swan doesn't show up, thanks to theta decay. So while it is not possible to detect fraud before investing, or at least not feasible with the resources and information available to the average investor, it is possible to obtain some degree of protection against it, at a cost. Whether that cost is too high or not, is the million dollar question.


That's great, but veggie burgers generally aren't healthier than a reasonably sized lean meat burger. Veggie burgers can have the same number of calories, but typically to have less protein and more vegetable oil and empty calories. There are also concerns about eating too much soy and other types of beans (mainly because of estrogen mimicking phytoestrogens).


I was just wondering, are banks in India federally insured? Yes the Banks in India are insured for Principal and Interest upto Rs 1,00,000/- per holding type per Bank. See the DICGC website. So if you have one or more accounts [in the same or different branches of a bank] and the Principal is say Rs 98,000/- and the interest accrued at the time of liquidation is say Rs 4,000/- you will get Rs 1,00,000/- If you have more than Rs 1,00,000/- you will not get only 1 lac. If you have an individual account, and your wife has an account and both of you have a joint account. The total limit will be Rs 3,00,000/-. If you are guardian to your Children, its again considered separate. RBI Site as a good example on this. If you open Accounts in Different Banks, the limit increases. What happen if banks like Yes Bank or IndusInd bank goes bankrupt? Both Yes Bank and IndusInd are participants in the DICGC and are insured. See the full list here. How will we recover money in those cases? Although insured, the process to get the money back would be time consuming. More often the bank is placed under moratorium, an effort is made for amalgamation or reconstruction ... Only if everything fails, the bank goes into liquidation. So it could be anywhere from few months to few years for you to see you money.


"You do not need to write anything on the second line. There are a variety of helpful things that you can add, e.g.: For Deposit Only. This tells the bank to deposit the check into your account and ignore other signatures. Your account number. Especially useful when added to ""For Deposit Only"". A countersignature. This tells the bank to pay the check to someone other than you. Countersigned checks used to be much more common than they are now. Someone who didn't have a bank account might ask someone who did to cash a check for them. See also: Four ways to endorse a check which gives the correct format for endorsing a check in these ways."


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"Umm... Yes I *do* expect an Admiral to sit and type emails. If not for ""work"" merely for occasionally sending emails to friends and family. Not knowing how to use email also tells me that he's never shopped online or participated in a forum or any other service that requires an email address to sign up."


In addition to there being no real guarantee on the guarantee page, note that the domain was registered on May 27, 2013, so there's no substantial track record of reliability. Finally, their Terms of Service explicitly note that they are not liable for loss of funds due to system malfunction, unauthorized access, etc. etc. Perfect Money is going out of their way to ensure they are offering no guarantees and will not be liable for any losses. How safe are your funds? You should not consider your funds to be safe if stored there. There's no guarantee you'll lose your funds, but no significant reason to believe you won't. Additionally, Perfect Money shut down access to all U.S. citizens on July 1st, 2013 with only two weeks of notice. Anyone who did not withdraw their money within this time lost access to it.


Mary Holm, who has a column on money in the NZ Herald, had this to say on the matter: Research shows that over and over again, the top dogs in one decade can be bottom dogs the next decade, and vice versa. Past performance really is no guide to the future. ... Fees are much less likely than returns to change over time. And low fees make a big difference to the long-term growth of your account. So just how low are your fund's fees? Perhaps that means the most sensible bet would be to pick a fund with good (but not necessarily best) historical returns but also with low fees. Personally, I've also included ethics as a factor in the decision, and I chose the ethical investment option offered by Superlife, hoping that it makes a small difference as explained here. (I have no affiliation with Superlife)


"Money has to come from somewhere. It can't just appear. So if there is really an aunt at an agency, and she is sending checks, then she is writing checks from that company, and stealing from that company. If that is the case, then the person with whom you are in contact would be using you to launder money (hide its illegal origin) and when the aunt was caught, you would be also. If it is really being done between countries, then it might be more difficult for them to find you, but it is still illegal. However, it is also likely that your contact may be using a common scam, as described by another answerer, that of asking for money in return for a cashier's check. Although cashier's checks were designed to be ""safer"" than regular checks, in that they won't bounce, if it is a fake cashier's check, it was never worth anything in the first place. When the bank tries to claim the cash from the other bank, and finds it doesn't exist, or there is no record of that check, then the effect is similar to that of a personal check bouncing: the bank will want the money back. If you have already given a portion of that money to your contact, chances are, when your find this out, he will be long gone. I would not have anything further to do with this person. Good luck."


Annual inflation was 15%+ in 1979, call it what you want, I call that hyper inflation. And the CPI might say 1% since 2000 but the cost of gasoline and energy, the lifeblood of the economy, is left out in their calculation since ~1992. Inflation right now is 10% if you calculate it the same way we did before 1980.


"Q: How do currency markets work? A: The FX (foreign exchange) market works very much like the stock market where potential buying parties bid $Y of country 1's currency to buy $1 in country 2's currency. Potential selling parties sell (ask) $1 of country 2's currency for $Y of country 1's currency. Like the stock market, there are also a swaps, futures and options in this market. Q: What factors are behind why currencies go up or down? A: Just like any open market, currencies go up and down based on supply and demand. Many factors affect the supply and demand of a particular currency. Some were listed well by the other posts. Q: What roles do governments, central banks, institutions, and traders have in the process? A: It's common practice that gov'ts intervene to ""control"" the value of currencies. For example, although it's not general public knowledge, the Canadian gov't is actively purchasing up US dollars in the FX market in an effort to stop the US/Canadian exchange rate from dropping further. This has dramatic economic consequences for the Canadian ecomony if the Canadian dollar were to strengthen too far and too quickly."


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"You're mostly correct, although I think you're missing something essential about no-arbitrage versus an arbitrage argument. Black-Scholes makes an arbitrage argument, which is that the value of an option should be the same as any portfolio that has identical cash flows, and this is generally a sound argument. Notice, however, that BS is ultimately an equilibrium model: it tells you the ""correct"" price of an option if the assumptions of BS hold, and doesn't necessarily match observed market prices. A no-arbitrage condition or model deliberately incorporates observed prices (or yields, or whatever) into the model, so that there cannot be an arbitrage opportunity implied by the model. This comes up a lot in term structure of interest rate problems, where equilibrium models like Vasicek or Cox-Ingersoll-Ross won't perfectly reproduce the current, observed term structure, and so imply an arbitrage opportunity. No-arbitrage models like Hull-White specifically match the model's term structure to observed yields/prices, so that there is no arbitrage opportunity between the observed term structure and your model of it. It's important to note that this will still allow for arbitrage involving bonds that are *not* part of the observed term structure. As for equivalent martingale measures, you might think about it more generally. The process involves changing the probability distribution from the actual (which is hard to use for pricing) to a different one that's easier to use but will result in the same prices; this is nearly always a risk-neutral probability. You can think of equivalent martingale pricing as asking, ""how would this security behave, and be priced, in a world that is completely risk neutral"", and then making an argument that the prices are in fact equivalent. EDIT: grammar"


**Poland, Maine** Poland is a town in Androscoggin County, Maine, United States. The population was 5,376 at the 2010 census. Home to Range Ponds State Park, Poland is a historic resort area. It is included in both the Lewiston-Auburn, Maine metropolitan statistical area and the Lewiston-Auburn, Maine metropolitan New England city and town area. *** ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/business/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot) ^] ^Downvote ^to ^remove ^| ^v0.26


If I knew a surefire way to make money in FOREX (or any market for that matter) I would not be sharing it with you. If you find an indicator that makes sense to you and you think you can make money, use it. For what it's worth, I think technical analysis is nonsense. If you're just now wading in to the FOREX markets because of the Brexit vote I suggest you set up a play-money account first. The contracts and trades can be complicated, losses can be very large and you can lose big -- quickly. I suspect FOREX brokers have been laughing to the bank the last couple weeks with all the guppies jumping in to play with the sharks.


"How low you can reduce your costs does depend on your calling pattern. How many minutes per month you call locally; call long distance; call internationally; and how many minutes you receive calls for. If all these figures are low, you can be better off with a pay-per-minute service, if any of the outbound figures are high then you could consider a flat-rate ""unlimited"" service. So that's the first step, determine your needs: don't pay for what you don't need. For example, I barely use a ""landline"" voip phone any more. But it is still useful for incoming calls, and for 911 service. So I use a prepaid pay-per-minute VOIP company, that has a flat rate (< $2/mo) for the incoming number, an add-on fee for the 911 service (80c/mo), and per-minute costs for outgoing calls (1c/min or less to US, Canada, western Europe). I use my own Obitalk box (under $50 to buy). There is a bit of setup and learning needed, but the end result means my ""landline"" bill is usually under $4/mo (no other taxes or fees). Companies in this BYOD (bring your own device) space in the US/Canada include (in alphabetic order), Anveo, Callcentric, Callwithus, Futurenine, Localphone, Voip.ms and many others. A good discussion forum to learn more about them is the VOIP forum at DSLreports (although it can be a bit technical). There is also a reviews section at that site. If your usage is higher (you make lots of calls to a variety of numbers), most of these companies, and others, have flat-rate bundles, probably similar to what you have now. Comparing them depends on your usage pattern, so again that's the first thing to consider, then you know what to shop for. If you need features like voicemail or voicemail transcription, be sure to look at whether you need an expensive bundle with it in, or whether you're better off paying for that seperately. If your outbound calls are to a limited number of numbers, such as relatives far away or internationally, consider getting a similar VOIP system for those relatives. Most VOIP companies have free ""on network"" calls between their customers, regardless of the country they are in. So your most common, and most lengthy calls, could be free. The Obitalk boxes (ATA's: analog telephone adapters) have an advantage here, if you install them in yours and relatives houses. As well as allowing you to use any of the ""bring your own device"" VOIP companies like those listed above, they have their own Obitalk network allowing free calls between their boxes, and also to/from their iOS and Android apps. There are other ATA's from other companies (Cisco have well-known models), and other ways to make free calls between them, so Obitalk isn't the only option. I mentioned above I pay for the incoming number. Not every supplier has incoming numbers available in every area, you need to check this. Some can port-in (transfer in) your existing number, if you are attached to it, but not all can, so again check. You can also get incoming numbers in other areas or countries, that ring on your home line (without forwarding costs). This means you can have a number near a cluster of relatives, who can call you with a local call. Doesn't directly save you money (each number has a monthly fee) but could save you having to call them back!"


"I know its not legal to have open long and short position on specific security (on two stock exchanges - NSE/BSE) There is nothing illegal about it. There are prescribed ways on how this is addressed. In Cash Segment / Intra Day trades: One can short sell a security. If by end of day he does not buy the security; it goes into Auction. The said security is purchased on your behalf. Any profit or loss arising out of this is charged to you. Similarly one can buy a security; if one does not pay the amount by end of day; it would go into auction and sold. Any profit or loss arising out of this is charged to you. If you short sell a security on one exchange; you have to buy it on same exchange. If you buy on other exchange; it will not be adjusted against this short position. Also is it legal to have long position on stock and short its derivative (future/option)? There are no restrictions. Edit: @yety Party A shorts 10 shares of HDFC today in Intra-Day Cash Segment purchased by Party B. Rather than buying back 10 shares or allowing it to go into auction... Party A borrows 10 HDFC Shares from ""X"" via SLB for a period of say 6 months [1 month to 1 year]. This is recorded as Party A obligation to ""X"". These 10 borrowed shares are transferred to Party B. So Party ""X"" doesn't have any HDFC shares at this point in time. However in exchange, Party X receives fees for borrowing from Party A. If there is dividend, are declared, Company pays Party B. However SLB recovers identical amount from Party A and pays Party X. If there is 1:1 split, now party A owes Party X 20 HDFC Shares. On maturity [after 6 months], Party A has to buy these from market and given back the borrowed shares to Party X. If there are some other corporate actions, i.e. mergers / amalgamations ... the obligation of Party A to Party X is closed immediately and position settled. Of course there are provisions whereby party A can pay back the shares earlier or party X can ask for shares earlier and there are rules/trades/mechanisms to facilitate this."


...funds received for the month of death and later must be returned. If the estate is bankrupt, as near as I can tell, the SSA is out of luck. (This applies to payment apart from that covered above.) If you need advice on something other than retirement insurance, a comprehensive list of applicable statutes and rulings is here.


The chronically ill should be seeking out charities not insurance companes. Since companies are into making profit and paying thier employees. While someone who is already fucked is a hugely bad bet for a new client. I'ts nothing personal just the way things are. Your rights end where someone else's rights begin. Meaning you can't force other people to pay your way through life. As much as being able to breath is an achievement for some it does't entitle people to a free ride at someone else's expense.


NEVER combine the negotiations for trade-in of an old car and purchase of a new one (and/or financing), if you can avoid doing so. Dealers are very good at trading off one against the other to increase their total profit, and it's harder for you to walk away when you have to discard the whole thing. These are separate transactions, each of which can be done with other parties. Treat them as such.


I believe the only thing you haven't mentioned to him is the possibility that his activity is criminally fraudulent. I would sit him down, and say something substantially similar to the following: We've talked about your investment before, and I know you believe it's fine. I just want to make sure you understand that this is very likely fraudulent activity. I know you believe in it, but you've said you don't understand how or why it works. The problem with that is that if it is a fraud you can't protect yourself from criminal prosecution because you didn't understand what you were doing. The prosecutor will ask you if you asked others to give you or the organization money, and then they will convict you based on trying to defraud others. It doesn't matter whether you did it on purpose, or just because you believed the people you are investing in. So I very strongly advise you to understand exactly what the system is, and how it works, and then make sure with a lawyer that it's legal. If it is, then hey, you've learned something valuable. But if it's not, then you will save yourself a whole lot of trouble and anguish down the road if you step away before someone you attract to the investment decides to talk to their accountant or lawyer. A civil lawsuit may be bad, but if you're criminally prosecuted it will be so much worse. Now that I've said my piece, I won't talk to you about it anymore or bother you about it. I wish you luck, and hope that things work out fine. I wouldn't talk to the police or suggest that I'd do anything of that nature, without proof then there's no real way to start an investigation anyway, and unfortunately scams like this are incredibly hard to investigate, so the police often spend little to no time on them without a high level insider giving up evidence and associates. Chances are good nothing would happen to your friend - one day the organization will disappear and he won't recover any more money - but there's a distinct possibility that when that happens, the people below him will come for him, and he won't be able to look further up the chain for help. Perhaps the threat of illegal activity will be enough to prevent him from defrauding others, but if not I think at least you can let it go, and know that you've done everything for him that might work.