Life is a lot more difficult if you accept the constraints that are sold to you. 80 hours per week for a $90k salary is completely unacceptable, imo, unless you're absolutely in love with your job and it's all you want to do anyway. You can earn money in proportion to how much value you create for people if you offer something of value. A degree in isolation, even from the best school in your field, is completely worthless though.


The government multiplier effect is zero sum. You will see a multiplier in the short term, but taxpayers will have to pare back spending in the future to service the debt, reversing the initial multiplier. The funding burden for education and infrastructure spending should fall more heavily on those actually using it - more tuition fees, toll roads, etc.


"Free hint - If you're using some non-traditional definition of a common English word in a public forum then you should choose another word. But whatever. Please explain what exactly you were referring to. I mean ""rather"" isn't even that important. The real important phrase is this: ""in most cases, people end up paying more in taxes"" There aren't multiple ways to interpret that. ""People end up paying more in taxes"" means there are two scenarios - one with more taxes and one with less. You've claimed that the first of those is tax-deferred accounts and gave a reason why. But what is the second scenario? >NOWHERE Exactly. You're totally wrong. That's all I needed to hear. Have a nice evening."


"Based on past case law, a check made payable to qualified charity and delivered (e.g., placed in the mail on 12/31 would count as delivered as it is out of the hands of the donor) would fall under the ""constructive receipt doctrine"". However, for non-charitable gifts (e.g., gifts to family members) it is the date the check is cashed (honored by the receiving bank). This is important as the annual gift exclusion is just that ""Annual"". Therefore, if I gift my child $14,000 by writing a check on 12/31/2014 but they deposit it on 1/3/2015 then I have used my annual gift exclusion for 2015 and not 2014. This means I could not gift them anything further in 2015. BTW the annual gift amount is for ALL gifts cash and non-cash. Most people don't seem to realize this. If I give $14,000 of cash to my child and then also give them Christmas gifts with a value of $1,000 I have exceeded my annual gift exclusion to that child. Usually there are ways around this issue as I can give $14,000 to each and every person I want and if married my spouse can do the same. This allows us to give $14,000 from each of us to each child plus $14,000 from each of us to their spouse if married and $14,000 from each of us to each of their children if they have any."


Most likely economics then. What I'm looking to gain is an understanding of how the market works so that I may take that knowledge and use it to make investments, buy stocks, or possibly start a business. I have a very large amount of time between my studies for my classes and I think it would be a waste to not learn these tools (to give you a reason for my interest in this).


Are you sure you're not just looking at prices that are adjusted for the split, e.g. Yahoo? For example, Gilead Sciences (GILD) split a few months ago, but if you look at a price chart, there isn't an interruption even though the split is clearly marked. (Look in the past six months; it split in January). However, you could also simply be watching companies that happen to not split, for a variety of reasons. This isn't a criticism, but rather just a consequence of whatever stocks you happen to be watching. However, a quick search for information on stock splits yields a few articles (mainly from the Motley Fool) that argue that fewer companies are performing stock splits in recent years; the articles mainly talk about tech companies, and they make the argument that even though the shares in Google and Apple have a high stock price: Google and Apple aren't all that expensive by traditional valuation metrics. Google trades at just 15 times next year's projected profitability. Apple fetches a mere 13 times fiscal 2012's bottom-line estimates. These articles are a bit dated in terms of the stock prices, but the rationale is probably still good. Similar logic could apply for other companies; for example, since May 2009, Panera's stock price has climbed by almost a factor of 4 without splitting. The articles also make the point that stock splits were traditionally seen as bullish signs because: Companies splitting to bring their share prices back down to more accessible levels were optimistic in building those sand castles back up. One could make a fair argument that the overall economic climate isn't as bullish as it used to be, although I would only be convinced that this was affecting stock splits if data could be gathered and tested. A stock split can also raise the price of a stock because if small investors feel the stock is suddenly more accessible to them, they purchase more of it and might therefore drive up the price. (See the Investopedia article on stock splits for more information). Companies might not see the necessity in doing this because their stock price isn't high enough to warrant a split or because the price isn't high enough to outprice smaller investors. One interesting point to make, however, is that even though stock splits can drive small investors to buy more of the stock, this isn't always a gain for the company because professional investors (firms, institutions, etc.) have a tendency to sell after a split. The paper is a bit old, but it's still a very neat read. It's possible that more and more companies no longer see any advantage to splitting because it might not affect their stock price in the long run, and arguably could even hurt it. Considering that large/professional investors likely hold a higher percentage of a company's shares than smaller investors, if a stock split triggers a wave of selling by the former, the increasing propensity to buy of the latter may not be enough to offset the decline in price. Note: My answer only refers to standard stock splits; the reasons above may not apply to a decrease in the number of reverse stock splits (which may not be a phenomenon; I don't know).


One approach is to control your budget more effectively. For example work out your essential living expenses things like food, rent and other bills you are committed to and compare this to your regular income. Then you can set up a regular automatic payment to a savings account so you limit the disposable income in your current account. If you keep a regular check on this balance it should make you feel like you have less 'spare' money and so less temptation to spend on impulse purchases. Similarly it may help to set a savings goal for something you really do want, even if this is itself a bit frivolous it will at least help you to discipline yourself. Equally it may be useful to set a fixed budget for luxuries, then you have a sense that when it's gone it's gone but you don't have to completely deny yourself.


One question I have is what to do about hiring. I know of some guys I can hire, but I couldn't hire them full time because I don't have enough work yet. Is it common for plasterers or construction workers to work for multiple companies part time?


The problem was that it was such a niche offering that was only used by hardcore bitcoin fans. It's such a hassle just to buy bitcoin, as Coinbase makes you wait a week. If you don't already have bitcoin, there was (and still, I assume) no reason to not use paypal or a credit card, which offer much better protection to the buyer. Gyft, an online e gift card company which carries every major retailer, was offering a percentage off to people who paid in bitcoin. I was getting Amazon cards through them but once they stopped offering bitcoin discounts, I have stopped using bitcoin all together as an online purchase tool.


The risk situation of the put option is the same whether you own the stock or not. You risk $5 and stand to gain 0 to $250 in the period before expiration (say $50 if the stock reaches $200 and you sell). Holding the stock or not changes nothing about that. What is different is the consideration as to whether or not to buy a put when you own the stock. Without an option, you are holding a $250 asset (the stock), and risking that money. Should you sell and miss opportunity for say $300? Or hold and risk loss of say $50 of your $250? So you have $250 at risk, but can lock in a sale price of $245 for say a month by buying a put, giving you opportunity for the $300 price in that month. You're turning a risk of losing $250 (or maybe only $50 more realistically) into a risk of losing only $5 (versus the price your stock would get today).


First, you are not a loser nor an idiot! You have avoided many debt mistakes and have a stable income. This move will be good for you and your family and an opportunity to continue to build your life together. The fact you are even thinking about this and asking questions shows that you are responsible. To your rent/buy question, Ben Miller has a great summary in his answer. I have nothing more to add except that you already know you cannot buy. That question is not really your main problem. You need some financial goals and then you need a plan to achieve those goals. As you become more educated about finances, it can be like drinking from a fire hose. Trying to analyze too much information can paralyze you and make you 'freak out' that you are messing everything up! Try this. Think about where you want to be in 5 years or so. Write down with your fiance some of those dreams and goals. Maybe things like finish college degree(s), buy a house, pay off student loans, wedding, have more kids, etc... As you prioritize these things, you will see that some are short-term goals and some are long-term. Then you lay out a step by step plan to get there. By focusing on each step at a time, you see more success and are more motivated. As you see movement towards your goals, you will be willing to sacrifice more to get there. You will be willing to rent a cheaper place with less room to make more headway on these things. This will be a several year plan, which is why it is so important to define your goals at the beginning. This will give you motivation and the mental toughness to follow through when it is difficult.


How can it be that risky to buy a house right now? They're dirt cheap! Bad comparisons aside, I think you'll find that most jobs which require degrees are a lot more pleasant, comfortable and enjoyable, particularly in terms of intellectual stimulation, than those accepting high school diplomas or below. It's not just about how much more money you make. It's also about how you spend your time during those 40 years of work.


Starting and running a business in the US is actually a lot less complicated than most people think. You mention incorporation, but a corporation (or even an S-Corp) isn't generally the best entity to start a business with . Most likely you are going to want to form an LLC instead this will provide you with liability protection while minimizing your paperwork and taxes. The cost for maintaining an LLC is relatively cheap $50-$1000 a year depending on your state and you can file the paperwork to form it yourself or pay an attorney to do it for you. Generally I would avoid the snake oil salesman that pitch specific out of state LLCs (Nevada, Delaware etc..) unless you have a specific reason or intend on doing business in the state. With the LLC or a Corporation you need to make sure you maintain separate finances. If you use the LLC funds to pay personal expenses you run the risk of loosing the liability protection afforded by the LLC (piercing the corporate veil). With a single member LLC you can file as a pass through entity and your LLC income would pass through to your federal return and taxes aren't any more complicated than putting your business income on your personal return like you do now. If you have employees things get more complex and it is really easiest to use a payroll service to process state and federal tax with holding. Once your business picks up you will want to file quarterly tax payments in order to avoid an under payment penalty. Generally, most taxpayers will avoid the under payment penalty if they owe less than $1,000 in tax after subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current year, or 100% of the tax shown on the return for the prior year, whichever is smaller. Even if you get hit by the penalty it is only 10% of the amount of tax you didn't pay in time. If you are selling a service such writing one off projects you should be able to avoid having to collect and remit sales tax, but this is going to be very state specific. If you are selling software you will have to deal with sales tax assuming your state has a sales tax. One more thing to look at is some cities require a business license in order to operate a business within city limits so it would also be a good idea to check with your city to find out if you need a business license.


It's bad enough folks can't push carts and walk sometimes. Now you want to introduce looking at their cellphones? Joking aside, I don't think I've ever had issues getting an employee to help guide me. I even had a store manager mail my rebate check out of country.


"Yes. It does cost the same to pay off a ""15 year in 15"" year versus a ""30 year in 15 year"" mortgage. After all, the 30 year amortization period is only used by the lender to calculate the monthly payment he'll expect, while, unbeknownst to him, you are using a 15 year amortization and the same rate to calculate the payments you'll really make. One factor: Can you make extra payments at the level you want, without incurring penalties from the lender? Most mortgages have prepayment limits. After all. he's seeing his nice steady 30 years of cash flow suddenly shortened. He has to go out and find someone else to lend the unexpected payments to... EDIT: Closed mortgages, with pre-payment charges are the norm here in Canada; open mortgages predominate in the US http://www.cmhc-schl.gc.ca/en/corp/nero/jufa/jufa_018.cfm"


Dream on. You are parroting government apologists. The only real complaint against gold is that it forces governments to limit their expenditures to what they can collect in revenue. All the critics of gold are in favor of big government and deficit spending. Gold is money. It is the only real money. And within five years there will be a de facto gold standard in international commerce.


**Islam by country** Adherents of Islam constitute the world's second largest religious group. According to a study in 2015, Islam has 1.8 billion adherents, making up about 24% of the world population. Most Muslims are either of two denominations: Sunni (80-90%, roughly 1.5 billion people) or Shia (10–20%, roughly 170-340 million people). Islam is the dominant religion in the Central Asia, Indonesia, Middle East, North Africa, the Sahel and some other parts of Asia. *** ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/economy/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot) ^] ^Downvote ^to ^remove ^| ^v0.24


This is a very misleading headline. The USPS is mired in debt because they over-extended their labor costs and obligations, despite declining revenues and a dying business model. The Internet has stolen their market, wholesale, and yet they still over near permanent employment, health insurance and defined benefit pensions. If the USPS does not make it's $5B payment into the health care fund, what happens when employees need to draw on that fund in the future? Who will pay for hip replacements and cancer treatments? This is an obligation, just like servicing trucks, paying salaries, buying gas, etc. They're dying because letters turned into free email and junk mail turned into spam and website analytics.


Investopedia, Khan academy, Udemy, and corsea are good places to start. You tube has some good videos too. I imagine if you are looking to impress in a job interview you mostly want to know the concepts. Finance is all about future cash flow. Understand the important ratios and how they effect cash flow. Ronald Sweet has a good video on YouTube that sums up finance.


On top of the emergence of self driving cars, Oil is a shitty fuel source, because it costs 4 units of energy per unit delivered, and then most applications are only about 30% efficient (cars). It's literally a massive energy waste to use it how we use it. Oil won't die because people hate it, or your average Climate Denier believes in something other than God, it'll die for economic reasons.


I do agree that MOST truck owners don't need all of the capacity that they have, but many do. I know a lot of people who haul big boats, horse trailers, travel trailers, etc with their trucks. If all you haul are sheets of 4x8 plywood you really don't need much of a truck.


"Its a good question. Off the top of my head I would suggest to revoke their licenses to do business, and involuntary dissolution of the corporate entity. Mandatory sale of all assets including customer lists and other intangibles to the highest bidder. The entity would essentially be absorbed by other businesses in their industry so the industry and economy as a whole probably wouldn't be affected too much by the ""execution."" The shareholders would lose a lot obviously because the proceeds from the fire sale would probably be way lower than FMV. But fuck the shareholders, investing carries risk and their business failed. The relatively innocent employees could go work in the other businesses that bought up OldCo's assets. Higher level corporate executives should have to take personal responsibility legally. This is similar to how SOX requires the CEO and CFO to take personal responsibility for the financial statements they prepare and publish, with penalties up to and including millions of dollars of fines and jail time. But of course, as long as I'm dreaming, I'd like a pony too as the saying goes."


Essentially you can send a Check by mail, you brother deposits into Bank account. It costs very little, the time required would be around 1-2 months. You can do International Wire [Via SWIFT] it would reach in few days, fees are high. You can use specialized remittance services like Money2india, remit2india, or western union etc. The fees are low and generally funds reach in a week.


"I hear the ""West Virginia Strong"" argument all the time. It follows along the lines of ""we've survived doing the same shit for so long we'll survive doing the same shit now."" They think as long as coal is coming out of the mountains, WV will continue to chug along and everything will be peachy. I'm not a native, but I've lived in the area long enough to notice a few things about some of the people in the area. There's a nonsensical pride concerning hard labor in many of the coal mining towns. A family tradition dating back to when children could work at the ripe age of ""when dad died in the mines."" They're proud of the tradition, and if their children want to do something else with their lives, it's looked at as foreign and weird. It's almost as if they don't want their children to have better lives than they grew up in. The whole phenomenon blows my mind."


Congrats! Make sure you nail down NOW what happens to the house should you eventually separate. I know lots of unmarried couples who have stayed together for decades and look likely to do so for life; I've also seen some marriages break up that I wouldn't have expected to. Better to have this discussion NOW. Beyond that: Main immediate implications are that you have new costs (taxes, utilities, maintenance) and new tax issues (mortgage interest and property tax deductability) and you're going to have to figure out how to allocate those between you (if there is a between; not sure whether unmarried couples can file jointly these days).


Most jobs have fairly standardized raw inputs. If you're counting the number of widgets produced, that's easy. If you're counting sales performance that's easy (so long as someone's not handing out all the best clients to their friend while shafting some other sales people). With teaching, you have a year with 20-30 students. A bad batch could make the teacher look terrible despite the fact that the teacher would have rocked with a different batch.


Can't pretend to be an expert in construction or real estate but I'm pretty sure that you can approach the people you know and pay them on a per job basis. I'm pretty sure finding other workers on a per job basis will be easy. I wouldn't say its common but its not uncommon either.


My opinion is that in general, it is probably not a good idea to borrow at a cost in order to make your RRSP contribution. Banks, of course, have an interest in loaning you money. Don't expect their literature to be objective on the matter! They are selling you a product and the advice is biased. What better way to double-dip than to get guaranteed interest payments from you, as well as ongoing fees for (probably also) getting your loan money invested in their high-fee mutual funds? A year's RRSP contribution room allowance isn't use it or lose it — unlike 401k contribution allowances in the U.S.. That is, unused RRSP contribution room accumulates and you can take advantage of it in later years. If we couldn't carry our RRSP contribution room over, I might feel different about the general case for RRSP loans. Yet there are two specific cases I can think of where it may make sense to borrow and pay back: (a possible case) ... if your tax rate is currently in a high bracket (e.g. 46%), and you anticipate being in a lower income and bracket next year (e.g. 35%), then it would make sense to take advantage of the higher tax savings in the current tax year. If you waited until the following year to take the deduction, you'd lose out on 11% of the deducted amount. For a typical person whose income is level or increasing from year to year, this isn't likely to be applicable, but it could help somebody who is going on leave or otherwise has irregular income. (a foolish case) ... if you knew, somehow, that you could realize a return on your invested RRSP money exceeding the pre-tax earnings required to pay the interest on the RRSP loan. However, I would suggest this is foolish bet to make. The interest you pay is guaranteed, but the return you are expected to get is probably not (or if it is, it is probably a return lower than what your bank wants to charge on the loan.) If for some reason it does make sense for you, take the money and invest it somewhere better than the high-fee mutual funds the bank is also pushing.


I don't like to use the word racist because, as you have pointed out, it is has been weaponized in discourse. It would have been better for me to write about racISM rather than actually use the word racIST in my last post. I try to keep my posts about ideas and not people and I messed up. I have no basis to call YOU a racist, I don't know you. Nor will I assume any malice on your part or on the part of those who disagree with me. All I am stating is that there appears to be no reason to think that races are [biologically important and distinct](https://www.scientificamerican.com/article/race-is-a-social-construct-scientists-argue/). I bring up zodiac as an example because, if you go looking, you may find that some groups statistically share traits. But it doesn't mean anything because correlation doesn't prove causation. I also use this analogy because zodiac is seen as something of a benign belief, and that's all I want to get across here, that people often adopt the beliefs of their society. Like the widespread belief in god, I find the widespread belief in race to be misplaced.


Case studies like this only exist to forward an agenda. If your business model works paying higher wages and making adjustments elsewhere then so be it. If it doesn't because you can't make those adjustments then you shouldn't be vilified. Each business even in the same segments find different ways to compete and that's the way it should be.


New York state actually has laws protecting gym members from predatory gym membership pricing. Your state may also have laws like that as well.


Ramsey promotes Growth mutual funds and says he can screen out examples of good funds with a solid history of 10% returns in a couple of minutes on Morningstar. The 12% in the video is fairly unrealistic, but 10% or 8% are realistic, especially when you buy into the market every month at all levels rather than chasing winners (buying high). At 10% you will still get $3 million in 40 years, and at 8% you'll get $1.5 million. You need to make sure you include reinvestment of dividends as well as mere price appreciation in these calculations of returns on investment. So yes, you could probably drive really nice cars this way without breaking the bank. Like any financial endeavor, this requires hard work, patience and discipline. The actual work in this case would be fairly minimal in comparison to the patience and discipline: If you get really lucky, you might end up with millions of dollars 40 years from now. If a health disaster, job loss, children's college, etc. strikes then you it might save you from financial ruin. Both are better than the rat race I agree his predictions are too rosy, but this ad is an emotional sales pitch designed to change goals and behavior. Compare it to the psychology and unrealistic claims in some of the auto commercials you see on TV.


Zo'n zitbaden en Whirlpool baden goedkoper ergens besloten we dus niet meer hoeft te wachten, maar het bestellen. Dream bad Het online bestellen bleek zeer eenvoudig en was ook het geval voor de andere. Binnenkort onze badkamer zou eindelijk helemaal compleet!


Taxes are insanely cheaper than West Coast and Northeast. I believe they are requiring a city with at least 1 million pop and existing public transit (I read that as train/subway). That eliminates a lot of cities. You are correct that it is rapidly catching up to some of the big names on prop cost, etc.


"In the end, all these fees hurt the average consumer, since the merchant ultimately passes cost to consumer. Savvy consumers can stay at par or get ahead, if they put in the effort. It's a pain, but I rotate between 4 cards depending on time of year and type of purchase, to optimize cash back. My cards are: 1. 5% rewards card on certain categories, rotates each quarter 2. 2% travel/dining card (fee card, but I travel a bunch so it's worth it, no foreign transaction fees) 3. 1.5% rewards card for everything else 4. Debit card (swiped as a CC) for small purchases (i.e. lunches) at credit union for ""enhanced"" high interest checking account, requiring certain # swipes/month. This alone returns to me ~$800/yr."


"There are people (well, companies) who make money doing roughly what you describe, but not exactly. They're called ""market makers"". Their value for X% is somewhere on the scale of 1% (that is to say: a scale at which almost everything is ""volatile""), but they use leverage, shorting and hedging to complicate things to the point where it's nothing like a simple as making a 1% profit every time they trade. Their actions tend to reduce volatility and increase liquidity. The reason you can't do this is that you don't have enough capital to do what market makers do, and you don't receive any advantages that the exchange might offer to official market makers in return for them contracting to always make both buy bids and sell offers (at different prices, hence the ""bid-offer spread""). They have to be able to cover large short-term losses on individual stocks, but when the stock doesn't move too much they do make profits from the spread. The reason you can't just buy a lot of volatile stocks ""assuming I don't make too many poor choices"", is that the reason the stocks are volatile is that nobody knows which ones are the good choices and which ones are the poor choices. So if you buy volatile stocks then you will buy a bunch of losers, so what's your strategy for ensuring there aren't ""too many""? Supposing that you're going to hold 10 stocks, with 10% of your money in each, what do you do the first time all 10 of them fall the day after you bought them? Or maybe not all 10, but suppose 75% of your holdings give no impression that they're going to hit your target any time soon. Do you just sit tight and stop trading until one of them hits your X% target (in which case you start to look a little bit more like a long-term investor after all), or are you tempted to change your strategy as the months and years roll by? If you will eventually sell things at a loss to make cash available for new trades, then you cannot assess your strategy ""as if"" you always make an X% gain, since that isn't true. If you don't ever sell at a loss, then you'll inevitably sometimes have no cash to trade with through picking losers. The big practical question then is when that state of affairs persists, for how long, and whether it's in force when you want to spend the money on something other than investing. So sure, if you used a short-term time machine to know in advance which volatile stocks are the good ones today, then it would be more profitable to day-trade those than it would be to invest for the long term. Investing on the assumption that you'll only pick short-term winners is basically the same as assuming you have that time machine ;-) There are various strategies for analysing the market and trying to find ways to more modestly do what market makers do, which is to take profit from the inherent volatility of the market. The simple strategy you describe isn't complete and cannot be assessed since you don't say how to decide what to buy, but the selling strategy ""sell as soon as I've made X% but not otherwise"" can certainly be improved. If you're keen you can test a give strategy for yourself using historical share price data (or current share price data: run an imaginary account and see how you're doing in 12 months). When using historical data you have to be realistic about how you'd choose what stocks to buy each day, or else you're just cheating at solitaire. When using current data you have to beware that there might not be a major market slump in the next 12 months, in which case you won't know how your strategy performs under conditions that it inevitably will meet eventually if you run it for real. You also have to be sure in either case to factor in the transaction costs you'd be paying, and the fact that you're buying at the offer price and selling at the bid price, you can't trade at the headline mid-market price. Finally, you have to consider that to do pure technical analysis as an individual, you are in effect competing against a bank that's camped on top of the exchange to get fastest possible access to trade, it has a supercomputer and a team of whizz-kids, and it's trying to find and extract the same opportunities you are. This is not to say the plucky underdog can't do well, but there are systematic reasons not to just assume you will. So folks investing for their retirement generally prefer a low-risk strategy that plays the averages and settles for taking long-term trends."


>Its on their servers which means its accessible via the internet. We got an expert in cyber security! > And why are you concern about police license plate vacuums? Because they put them everywhere without your knowledge and profile you based on it. > You afraid they are going to clean your plate? Oh holy shit... https://www.theatlantic.com/technology/archive/2016/04/how-license-plate-readers-have-helped-police-and-lenders-target-the-poor/479436/ > And why are you more afraid of the DMV getting hacked? Because Amazon has some of the best security in the world and Donald Trump is currently the person that will need to sign off on non essential governmental spending going forward... > If the DMV gets hacked they won't have access to your credit card info at best social security number. Yeah, I'm sure Amazon is just rocking non-salted passwords right next to cc numbers. Fucking please dude.


Or am missing something? Yes. The rate of 8.53 is illustration. There is no guarantee that the rate will be applicable. My yearly premium is Rs. 26289. On this amount I will save tax of Rs. 7887. So net premium is Rs. 18402. The other way to look at this is invest Rs 26289 [or actually less of Eq Term Deposit premium]. If you invest into Eq Term Deposit [lock-in for 6 years] with tax benefits, your numbers are going to be very different and definitely better than LIC returns. Edits:


Yeah, my analogy seems a bit off. The problems with some GMO seem to be external to the organism itself, so not valid in this argument. Unless we consider that Star Trek episode where those kids excreted a pathogen that aged any adults that came upon them as a defence mechanism.


"The mortgage broker makes money from the mortgage originator, and from closing fees. All the broker does is the grunt work, mostly paperwork and credit record evaluation. But there's a lot of it. They make their money by navigating the morass of regulations (federal, state, local) and finding you the best mortgage from the mortgage lender(s) they represent. They don't have any capital involved in the deal. Just sweat equity. Mortgage originator is the one who put up the capital for you to borrow. They're the ones who get most of the payments you send in. They sell the mortgage if they receive what they consider an equitable offer. Keep in mind that the mortgage, from the lender's point of view, is made up of three parts. The capital expenditure, the collateral, and the cashflow. The present value of the cashflow at the rate of the loan is greater than the capital expenditure. Any offer between those two numbers is 'in the money' for them, and the next owner, assuming no default. But the collateral makes up for the chance of default, to an extent. There's also a mortgage servicing company in many cases. This doesn't have to be the current holder of the loan. Study ""the time value of money"", and pay close attention to the parts about present value, future value, and cash flow and how to compare these."


AS PER IRS PUBLICATION: Question: Is money received from the sale of inherited property considered taxable income? Answer: To determine if the sale of inherited property is taxable, you must first determine your basis in the property. The basis of property inherited from a decedent is generally one of the following: For information on the FMV of inherited property on the date of the decedent’s death, contact the executor of the decedent’s estate. Also, note that in 2015, Congress passed a new law that, under certain circumstances, requires an executor to provide a statement identifying the FMV of certain inherited property to the individual receiving that property. Check IRS.gov for updates on final rules being promulgated to implement the new law. If you or your spouse gave the property to the decedent within one year before the decedent's death, see Publication 551, Basis of Assets. Report the sale on Schedule D (Form 1040), Capital Gains and Losses, and on Form 8949, Sales and Other Dispositions of Capital Assets: Under the new law passed by Congress in 2015, an accuracy-related penalty may apply if an individual reporting the sale of certain inherited property uses a basis in excess of that property’s final value for federal estate tax purposes. Again, check IRS.gov for updates on final rules being promulgated to implement the new law. For estates of decedents who died in 2010, basis is generally determined as described above. However, the executor of a decedent who died in 2010 may elect out of the estate tax rules for 2010 and use the modified carryover of basis rules. Under this special election, the basis of property inherited from a decedent who died during 2010 is generally the lesser of: Under this special election for estates of decedents who died in 2010, the executor of the decedent’s estate may increase the basis of certain property that beneficiaries acquire from a decedent by up to $1.3 million (plus certain unused built-in losses and loss carryovers, if applicable), but the increased basis cannot exceed the FMV of the property at the date of the decedent’s death. The executor may also increase the basis of certain property that the surviving spouse acquires from a decedent by up to an additional $3 million, but the increased basis cannot exceed the FMV of the property at the date of the decedent’s death. The executor of the decedent’s estate is required to provide a statement to all heirs listing the decedent’s basis in the property, the FMV of the property on the date of the decedent’s death, and the additional basis allocated to the property. Contact the executor to determine what the basis of the asset is. Report the sale on Schedule D (Form 1040) and on Form 8949, as described above. Additional Information:


Cyber attacks aren't something that has been traditionally covered by standard insurance policies. Among other things, it's incredibly difficult for an insurance company to be able to effectively underwrite and audit the risk of a company's cybersecurity processes.


In general, prices are inversely proportional to rates; however, accurate interest rate prediction would make one worthy of managing a large credit derivative hedge fund. This is not to say that interest rates cannot go up in Canada since the world is currently undergoing a resource bust, and the United States has begun exporting more oil, even trying to recently open the market to Europe, both of which Canada is relatively dependent upon. Also, to say that Canada currently has the most overpriced real estate is an oversight to say the least considering China currently has entire cities that are empty because prices are too high. A ten to twenty percent drop in real estate prices would probably be a full blown financial crisis, and since mortgage rates are currently around 2.5%, a one to two hundred basis point rise could mean a nearly 50% decrease in real estate prices if interest payments are held constant. Canada would either have to start growing its economy at a much higher rate to encourage the central bank to raise rates to such a height, or oil would have to completely collapse suddenly to cause a speculatively possible collapse of CAD to encourage the same. The easiest relationship to manipulate between prices and rates is the perpetuity: where p is the price, i is the interest payment, and r is the interest rate. In this case, an increase of r from 2.5% to 4.5% would cause a 44.5% decrease in p if i is held constant. However, typical Canadian mortgages seem to mature in ten years at a fixed rate, so i cannot be held constant, and the relationship between r and p is less strong at earlier maturities, thus the most likely way for prices to collapse is for a financial collapse as described above.


So you have to be a science and math whiz to research the most important financial decisions of your life? Business and Comp. Sci. Did finance. Left to go into education and entrepreneurship. 10+ years working with high risk youth in higher education. Voted for Obama. But go ahead and be intellectually lazy and put everyone in a nice box. Makes thinking easy for you I suppose. Voted for Obama.


> Primarily because it's happening and nothing is being done. I can sue you for responding to my post. You can settle with me and pay me out of fear of he lawsuit. That has no merit whatsoever on what would happen if the lawsuit actually went in front of a judge. People do a lot of things and get away with it because of the fear others have of prosecuting.


While it is possible, it's not a really good use of your time or theirs. Mortgage brokers have access to dozens of lenders, can assemble deals you can't even dream of, and are much more intimately acquainted with the latest lending rule changes than you are. They are paid by the lenders to bring them business, so there is no cost to you. A mortgage broker has the advantage of leverage because he can be placing 10 mortgages per day, while you will be placing one, once. Your mortgage broker is working on your behalf. Get out of his way and let him do his job so you can concentrate on other matters. If your concern is that you want the lowest rate, share that with your broker and let him find the best rate for you. If you want a deal where you can put a larger prepayment down, let him know that and he will find you what you're looking for.


Although it seems almost no one here understands that you're advocating for personal liberty rather than discrimination, I just want to say that you're not alone in feeling the way you do. I personally would choose not to patronize a business that carried out its affairs in such a way, but I would also fight to protect their right to be able to operate their private property (lol like that exists anymore) in the way they choose and see fit. I disagree with the civil rights act protections applying to private businesses and property.


"In my opinion, whichever plan or commodity system you use is just supplemental to a very simple thing: go to your bank's online account, set up a regular transfer (monthly in my case, maybe weekly for you depending on when you get your salary in your country/state) to a savings' account in your kid's name with a decent rate, and just watch it grow. Then adjust to salary fluctuations if needed. Also, prefer a tax-free savings account. Been working fine for me for my oldest who's now 4 yo. Started by saving only a little each month and increased as our financial pressure eased up a bit. For his sister, I already set up a similar thing and I will ""equalize"" both accounts with additional payments over time (Hmm, actually, maybe that's not fair and they just need to be ""equalized"" in that they both have the same amount for a given age... but that's another question). Another option, which I set up for my oldest but not for his sister was a child trust fund with an initial payment. We moved countries and I don't find a plan that I find similarly attractive here, and the other one is locked until 18 yo. But, as with all portfolios, it comes with a risk. Note that I don't live in the U.S. in the land of crazy college fees. Though I've studied myself in countries where fees were already a drag (and I'm being polite) for various fields (IT and music studies, anyone?), I have to say when I see fees for the big league universities and colleges in the U.S. I am kind of shocked. Doable, but good luck with that and with your loans."


"This is the best tl;dr I could make, [original](http://web.archive.org/web/20120510112644/http://www.stwr.org/imf-world-bank-trade/decommissioning-the-imf-world-bank-and-wto.html) reduced by 99%. (I'm a bot) ***** > Since the 1970&#039;s the World Bank has steadily increased its original mandate of providing long term loans for reconstruction, to funding multimillion dollar infrastructure projects in developing countries. > To qualify for World Bank loans and expertise a country must agree to implement Structural Adjustment Programs. > As described in the above analysis, the past 20 years have provided ample evidence that the IMF, World Bank and WTO impede poverty reduction and economic development in poor countries. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/70sy2u/decommissioning_the_imf_world_bank_and_wto/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~211894 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*: **country**^#1 **trade**^#2 **economic**^#3 **World**^#4 **global**^#5"


you dont understand the way markets work if you think that. speculators exist in every market. there are FX speculators, does that mean that the the US dollar, yuan, or yen is a game of musical chairs? If an asset or commodity has a use for everyday people, then they are going to buy that asset or commodity. Speculators or traders bring liquidity and reduce volatility to make the price less volatile so everyday people will be able to use it. Bitcoin is a new technology and people are trying to figure out what its value should be. This is r/finance and I have to explain this? Obviously there are many people out there who find value in a decentralized digital currency.


If you want a career that gets you lots of money and you want to advance, you are going to be working more than 40 hours per week. I am at a 45 hour a week job, and its nice to have time off at home and all that, but I don't make enough money to really do too much in my free time. I'm looking for a new job currently, Its tough, because this is what you spend the majority of your week doing, and no one wants to be miserable doing it.


MAD. If they rat, they get caught, too. Moreover, it can't be that hard to find a group of 4-5 people who aren't stupid. I can think of a dozen friends of mine off the top of my head I'd have complete confidence in if we decided to rob a bank.


Ownership vs loanership. You can either own the factors of production, and so directly recieve the dividends of that production, or you can loan your wealth to someone who will use it to buy ownership in the factors of production, and give you a portion. Guess which one grows faster? One thing that was missed in this article, is that the political climate towards equity ownership has been very favorable since the 1980's, encouraging and simplifying the ownership of equity. The problem is that the middle class didn't take advantage of it, and now it's essentially too late.


When you begin a business, you should choose which business structure (likewise legitimate structure or business frame) to Business Structure. In case you're essentially in business for yourself and don't anticipate enlisting workers, you might have the capacity to get by as a sole proprietorship. Be that as it may, huge business elements for the most part fuse, which gives certain advantages regarding obligation insurance and the multifaceted nature required for a substantial business.


"This is the best tl;dr I could make, [original](https://www.project-syndicate.org/commentary/monopoly-power-wealth-income-inequality-by-mordecai-kurz-1-2017-09) reduced by 94%. (I'm a bot) ***** > In a recent paper measuring the economic effects of monopoly power, I approximated normal levels above which profits or stock values are not purely chance events, but rather reflective of monopoly power. > With these levels, I measured the monopoly component of total stock values - what I call &quot;Monopoly wealth&quot; - and of monopoly profits or rent. > First, because most technology-based monopoly power does not violate existing antitrust laws, regulating IT will require new measures to weaken monopolies. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/7268jg/the_new_monopolists_by_mordecai_kurz/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~215755 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*: **monopoly**^#1 **wealth**^#2 **power**^#3 **rise**^#4 **firm**^#5"


The situation is more complex than this article describes. Increasing productivity and automation have eliminated or squeezed whole sectors of jobs. The previous middle class was not capable of the kind of work that is becoming common. Labor is the key, and right now people are out of sync with available opportunities. This kind of problem takes decades to work out, and this time demographics are mucking things up.


Etags Reviews So how does one go about replacing a vehicle registration? eTags customers enjoy the opportunity to replace their registration certificate for free for every year that they are eTags customers. This eliminates the trip to the DMV, waiting in line, and paying any fees for duplicate registration.


"This article is mediocre, at best. It doesn't cover important sides of the issue, and the title clearly shows that the author is coming in with a strong bias. The ""college lie""? Research plainly shows that many degrees (definitely not all) are very much worth it. https://www.nytimes.com/2014/05/27/upshot/is-college-worth-it-clearly-new-data-say.html?hp&_r=1&abt=0002&abg=0 http://libertystreeteconomics.newyorkfed.org/2014/09/the-value-of-a-college-degree.html#.VA6Uh_mwLwk"


Try a car share program. My daughter uses on in Denver and got rid of her car and loves the money she saves. Here is one in NYC: http://www.zipcar.com/nyc/find-cars


Нашата компания има добра репутация на пазара. Когато става дума за физическо създаване на външна светкавица, най-много идват с въртящи се и създаване на 3D Power Bank, За да позволи по-реалистични и по-меки светлинни ефекти чрез подскачане на светлина от бяла 3D флашка или рефлектор над или отстрани на обекта. Уеб разработването може също така да интегрира 3D Flash анимации много добре с други уеб технологии. Това може да бъде изключително широколентова 3D Flash, в сравнение с други начини за показване на мултимедийно съдържание.


While it is a true loss, as you've determined, is not a cash cost, per se. A cash cost would be a decrease in cash holdings. Inflation does not take your cash balance; it devalues it, so it is an accrued loss. Central banks are extremely lazy in determining inflation, so the highest resolution available at a public level is monthly. In the United States, there is a small project that tries to calculate daily inflation rates and seems to do a decent job, but unless if you are a customer of a particular financial institution, you will suffer a lag. The small project refuses to make the data public in real time or even allow outside analysis. In the UK, the Office for National Statistics is responsible for consumer inflation statistics. The methodology is not readily available, but considering the name, it is most likely an inferior Laspeyres index instead of the optimal Fisher index as it is in the US. To calculate the accrued cost due to inflation, simply multiply the amount of money held by the price index value at the beginning of the time held and divide by the price index value at the end of the time held. For example, to determine the amount of value lost since March 2014, multiply the money held by the price index value for March 2014 and divide by June 2014.


"Google Finance and Yahoo! Finance would be a couple of sites you could use to look at rather broad market information. This would include the major US stock markets like the Dow, Nasdaq, S & P 500 though also bond yields, gold and oil can also be useful as depending on which area one works the specifics of what are important could vary. If you were working at a well-known bond firm, I'd suspect that various bond benchmarks are likely to be known and watched rather than stock indices. Something else to consider here is what constitutes a ""finance practitioner"" as I'd imagine several accountants and actuaries may not watch the market yet there could be several software developers working at hedge funds that do so that it isn't just a case of what kind of work but also what does the company do."


"How will 45K-60K ""end up in your pocket""? Are you selling your home? Where are you going to live? You talk about moving to Arizona, what is so magical about that place? Congratulations on making a wise purchase. Some people with new found money use it to correct past mistakes. However, if they do not change their behavior they end up in the same situation just less them money they once had. While 50K income is respectable at your age, it is below the national average for households. One factor in having a college education is those with them tend to experience shorter and fewer periods of unemployment especially for males. Nothing will ever replace hustle, however. I'd ask you to have a plan to raise your income. Can you double it in 5 years? You need to get rid of the revolving debt. Do that out of current income. No need to touch the house proceeds for something so small. Shoot for 9 months. Then you need to get rid of the speeding fines and the vehicle loan. That is a lot of vehicle for your income. Again, I would do that out of current income or by selling the vehicle and moving to something more inline with your income. As far as to moving or flipping foreclosures that is more of a question that has to do with your hopes and dreams. Do you want to move your children every 3 years? What if you move to Arizona and it turns out to be quite horrible? You and your wife need to sit down and discuss what is best for your family."


I think you're nuts. Nothing so dramatic. Jobs will just gradually disappear unless you have a PhD or are very very very good at doing something machines cannot do, which will be fewer and fewer things. The country will fall apart.


"good vs ""bad"" debt in the context of that post. At least in the UK this can be a good tactic to reduce the cost of credit card debt. Some things to consider"


Well, it is a negative point of view, but nobody in the history of money has ever loaned money because they like you. I suppose you could paint it as an honest point of view. All money lending is for profit. If you have a high score, you are very likely to repay your loan because you are lower risk. We always hear lower risk... but the risk is that they won't make money off of you. I think that just like we buy previously owned vehicles cars instead of used cars, and we banks call them service fees instead of junk fees, our credit score discusses our credit worthiness instead of profitability But none of that means you can't benefit from it. It isn't a fear tactic, it is a way to judge each other. You probably pay interest and fees to keep it high, but that is price of lending. I think the questioner has a negative view of credit (which I suppose is fine and is their right, I will defend their right to an opinion) but the way we do and judge credit is neither evil or benevolent. I could certainly agree that more transparency would be good, but only for honest folks. If the credit bureaus made it public how they judged us, there would be a new industry for people who want to game the system. Update Since it always will cost to use credit, and using credit is the only way to prove your a low credit risk, it will therefore always cost money to raise your credit score. However the return on investment is exemplified in this question: a person with no credit was able to get a loan, but at serious out of pocket cost. Later, after establishing credit at a price of real money, he was able to secure a nearly identical loan for considerably less cost (in terms of interest paid) because he had proven himself worthy. When I say proven, I mean paid interest. There is nothing wrong with questioning the system, change only occurs when people question the status quo. And for sure our current system is not perfect, but like many employed systems while it is terrible but there is nothing better.


I have a wifi enabled coffee table I want to pitch. You can check online, and it confirms that it is still standing. With rising anxiety in the US, this can be the new Xanax... Tech bubble, what tech bubble?


This is an older question but things have changed. Its a common misconception on what the contribution cap is. A few things. In 2014, the IRS did not adjust the maximum contribution from the previous year which include 401(k) accounts, 403(b) accounts, most 457 plans, and Thrift Savings Plans, will be $18,000, up $500 from $17,500. Savers and investors aged 50 or older can take advantage of a catch-up contribution. In 2015, taxpayers who meet this age-based criterion can contribute an additional $6,000 above the regular maximum of $18,000, thus you can contribute a maximum of $24,000 into these tax-advantaged accounts. The total contribution limit, including employer contributions, has increased to $53,000 You can actually contribute up to 53k (including matching) so the exact amount you contribute from your actual income may end up being more or less than 24k. If you get a poor employer match you can actually contribute more but it would go in as after tax dollars and not claim the tax deduction. Note: after tax does NOT equal Roth. However if your a high salaried individual you can use this as a potential loop hole for funding a Roth IRA. Chances are if your making enough money to contribute 53k Total Contributions then your not going to qualify for a roth. However once you retire (or possibly before depending on the plan withdraw terms) you can roll the after tax money into a Roth IRA. This is a gray area on the tax policy. The IRS may come back and change their mind about this. If considering this option talk to a tax adviser.


Would you like to take that statement back? “ALL or 100 PERCENT BEEF (Patty Mix)”: Beef patty mix may be labeled —all,“ —pure,“ or —100 percent beef,“ when the only added ingredients are partially defatted chopped beef or finely textured beef. An ingredients statement would be required on bulk packed product but not retail packages. —All,“ —Pure,“ or —100 percent,“ may not be used if partially defatted beef fatty tissue (PDBFT), is used or mechanically separated species (MSS), are used. http://www.fsis.usda.gov/OPPDE/larc/Policies/Labeling_Policy_Book_082005.pdf


CNC machining is used in manufacturing both metal and plastic parts. It is a robust and cost effective method to create prototype from actual production grade materials of plastic (ABS, PC, PP, POM, PMMA, PBT, Nylon, PEEK, PVC etc.) and metals & alloys (Aluminum, Magnesium, Brass, Copper, Bronze, Mild Steel, Tool Steel, Tungsten and Titanium.)


Are you discounting the time when the blogs have 0 traffic and 0 revenue? In both career paths, there is a high level of career capital to build. Once you've attained enough career capital, you can reap the benefits. You can't compare one person that is still building career capital to another that is reaping the benefits.


Expenses matter. At the back end, retirement, the most often quoted withdrawal rate is 4%. How would it feel to be paying 1/4 of each years' income to fees, separate from the taxes due, separate from whether the market is up or down? Kudos to you for learning this lesson so early. Your plan is great, and while I often say 'don't let the tax tail wag the investing dog' being mindful of the tax hit in any planned transaction is worthwhile. Selling and moving enough funds to stay at 0% is great, a no-brainer, as they say. Selling more depends on the exact numbers involved. Do a fake return, and see how an extra $1000/$2000 etc, worth of fund sale impacts the taxes. It will depend on how much gain there is for each $XXX of fund. Say you are up 25%, So $1000 has $200 of gain. 15% of $200 is $30. A 1%/yr fee cost you $10/yr, so it's worth waiting till January to sell the next shares of the fund. Keep in mind, the 'test' return will still have the 2013 rates and brackets, I suggest this only as an estimating tool.


"Every legitimate claim I've filed regarding fraudulent charges on my card includes signing a legal document. If your ""friend"" completes such a document and you can verify that it is untrue, he's in deeper trouble than you. Unfortunately, if he's successful in filing a claim that is later proven to be fraudulent, it puts your account in a poor status until it's fully cleared. Even then, corporate inertia may result in longer duration inaccurate information. Once you've cleared the fraudulent claim, you'll want to contact your credit agency to ensure they are provided with correct and proper documentation."


"logically, yes. legally, no. any reasonable definition of an ""investment"" must include some types of gambling and insurance. lottery tickets specifically are really crappy high risk/high return investment. obviously most people try to avoid investments with a negative average expected future value, but from a purely semantic perspective anything with a potential future value is an investment. conversely, anyone with a gambling problem should not pretend they are not gambling when making focused investments in high volatility stock options. that said, the irs taxes gains and losses differently depending on whether they are classified as ""gambling"", or just ""crappy investing"". so you will not be able to deduct your gambling losses from your earned income (unlike investment losses which can be deducted up to 3k$ per year)."


"QUICK ANSWER When it comes to fixed income assets, whether rental real estate or government bonds, it's unusual for highly-leveraged assets to yield less than the same asset unleveraged or lowly-leveraged. This is especially so in countries where interest costs are tax deductible. If we exclude capital losses (i.e. the property sells in future at a price less than it was purchased) or net rental income that doesn't keep up with maintenance, regulatory, taxation, inflation and / or other costs, there is one primary scenario where higher leverage results in lower yields compared to lower leverage, even if rental income keeps up with non-funding costs. This occurs when variable rate financing is used and rates substantially increase. EXPLANATION Borrowers and lenders in different countries have different mortgage rate customs. Some are more likely to have long-term fixed rates; some prefer variable rates; and others are a hybrid, i.e. fixed for a few years and then become variable. If variable rates are used for a mortgage and the reference rates increase substantially, as they did in the US during the 1970s, the borrower can easily become ""upside-down,"" i.e. owe more on the mortgage than the property is then worth, and have mortgage service costs that exceed the net rental income. Some of those costs aren't easy to pass along to renters, even when there are periodic lease renewals or base rent increases referencing inflation rates. Central banks set policies for what would be the lowest short-term rates in a country that has such a bank. Private sector rates are established broadly by supply and demand for credit and can thus diverge markedly from central bank rates. Over time, the higher finance-carrying-cost-to-net-rental-income ratio should abate as (1) rental market prices change to reflect the costs and (2) the landlord can reinvest his net rental income at a higher rate. In the short-term though, this can result in the landlord having to ""eat"" the costs making his yield on his leveraged fixed income asset less than what he would have without leverage, even if the property was later sold at same price regardless of financing method. ========== Interestingly, and on the flip side, this is one of the quirks in finance where an accounting liability can become, at least in part, an economic asset. If a landlord borrows at a high loan-to-value ratio for a fixed interest rate for the life of the mortgage and rates, variable and fixed, were to increase substantially, the difference between his original rate and the present rates accrues to him. If he's able to sell the property with the loan attached (which is not uncommon for commercial, industrial and sometimes municipal real estate), the buyer will be assuming a liability with a lower carrying cost than his present alternatives and will hence pay a higher price for the property than if it were unleveraged. With long-term rates in many economically advanced countries at historic lows, if a borrower today were to take a long-term fixed rate loan and rates shortly after increased substantially, he may have an instant profit in this scenario even if his property hasn't increased in value."


Determining how much you should budget to spend on any area of your budget is one of those hard topics to find good information about. Part of the problem is that everyone has different priorities and needs, and incomes and expenses vary greatly depending upon where you live and your career choices. The best thing you can do is track your spending for 1-3 months (you can use the envelope system if you need to, to track and control how much you spend on miscellaneous things like lunches, coffee, etc). The precision is important, though you probably dont need to measure to the penny, however you should capture all the areas where you spend money (even if you later gather them into more broad areas). Split your spending into three broad areas, and try to limit the spending for each of those areas to the stated percentages (adjust for your preferences). You state net Income $2600, and you stated you have $1731 of known expenses, so you are spending another $870 on groceries, debt payments, restaurants, unplanned expenses, and emergencies. Essentials (50%,$1300) - rent, transportation, food, utilites Total $972+groceries (you probably spend $400-600 on groceries, so your essentials are higher by $100-300 than you can afford. You should try to cut your electricity usage ($30-50), and you may be able to find cheaper car insurance (save $20). Financial Priorities (30%,$780) - savings, debt payments Total $376, nearly 15% before you pay for credit cards and savings. Please focus on paying off your debts (credit cards, window loan, student loans). You are spending almost 10% of your income on student loans, and you cannot afford much other debt. Lifestyle (20%,$520) Total $279, over 10% of your income on communications! Please try to cut cellphone, and DirectTV costs, at least until you have reduced debt. Since you have internet, your wife could use a voip provider (vonage, ooma telo, etc) or get an ipod touch and use skype or similar, at least until you get out of debt. You might consider trying to find a way to earn extra money, until you have paid off either the loan for windows, your credit card debt, or one of your student loans.


"Do I need to pay taxes in India in this scenario? For India tax purposes, you would still qualify as ""Resident Indian"". As a resident Indian you have to pay taxes on Global income. It is not relevant whether you transfer the money back to India to keep in US. The income is generated and taxable. Depending on your contract, presumably you are working as a free lance; certain expenses are allowed to be deducted from your income, for example if you purchase equipment to help carry out the work, stay / entertainment costs, etc. Consult a professional CA who should be able to guide you on what is eligible and what is not. The balance along with your other income will be taxed as per tax brackets. There is exemption for certain category of workers, mostly in entertainment industry where such income is not taxable. This does not apply to your case."


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In India, transferring to other banks is available mostly on Internet banking. Some banks are offering Transferring option within the bank in ATMs. You need to visit the bank branch to register and activate this Transfer option for intra-bank accounts.


So I recently had to help with the installation of 16 televisions and two were defective. One would not stay powered on for more than a few seconds and the other had a bent frame/bezel. Have always had good experiences with Samsungs previously but in this instance the bad sets were Sams and the few LGs purchased were flawless (one had questionable CEC support but that was easily resolved with an external IR blinker). These were all purchased at a local store and while it was inconvenient to make trips back to the retailer and get grilled about the issues, it was resolved more quickly than it ever could have been with an online retailer (and this store was price competitive with Amazon, cheers to you Fry's).


If you really want to help your friend buy a house, make a counter-offer to buy the house yourself and lease it to your friend, with the option to buy for original purchase cost, plus all interest paid so far to the bank, plus closing costs and other expenses incurred by you, minus payments made so far by the friend. Otherwise, just no. The other answers already detail why.


"Just gonna go out and say right now that I'm running uBlock Origin, PrivacyBadger, and Noscript, and either one of them or some combo of them has resulted in me not seeing an ad for fuck-all in pretty much forever. The only time I see ads on anything are when I have to play ""guess what to unblock"" and make a mistake. Frankly, there's pretty much jack shit out there that can hold my interest well enough to make me do that anymore. Point being, it's far from impossible that OriginalSimba isn't seeing ads."


Your local board of health will have all the guidelines in a neat package for you. Call the country health department for food related business requirements. Be prepared to fill out a shitload of forms, pay a shitload of fees, and wait a shitload of days for processing. Also, good luck!


"What you seem to want is a dividend reinvestment plan (DRIP). That's typically offered by the broker, not by the ETF itself. Essentially this is a discounted purchase of new shares when you're dividend comes out. As noted in the answer by JoeTaxpayer, you'll still need to pay tax on the dividend, but that probably won't be a big problem unless you've got a lot of dividends. You'll pay that out of some other funds when it's due. All DRIPs (not just for ETFs) have potential to complicate computation of your tax basis for eventual sale, so be aware of that. It doesn't have to be a show-stopper for you, but it's something to consider before you start. It's probably less of a problem now than it used to be since brokers now have to report your basis on the 1099-B in the year of sale, reducing your administrative burden (if you trust them to get it right). Here's a list of brokerages that were offering this from a top-of-the-search-list article that I found online: Some brokerages, including TD Ameritrade, Vanguard, Scottrade, Schwab and, to a lesser extent, Etrade, offer ETF DRIPs—no-cost dividend reinvestment programs. This is very helpful for busy clients. Other brokerages, such as Fidelity, leave ETF dividend reinvestment to their clients. Source: http://www.etf.com/sections/blog/23595-your-etf-has-drip-drag.html?nopaging=1 Presumably the list is not constant. I almost didn't included but I thought the wide availability (at least as of the time of the article's posting) was more interesting than any specific broker on it. You'll want to do some research before you choose a broker to do this. Compare fees for sure, but also take into account other factors like how soon after the dividend they do the purchase (is it the ex-date, the pay date, or something else?). A quick search online should net you several decent articles with more information. I just searched on ""ETF DRIP"" to check it out."


Sure, people should express dissent, but thoughtful dissent. It only takes a second to think about why your example doesn't hold water. By posting an alarmist unthoughtful comment, you cheapen the discussion and add no value, only noise. It's good to speak up, but think beforehand.


It sounds like they want to enter you into a contract in which they are allowed to charge a flat fee for filing contingent on money saving results from a tax review service, paid in full. Like those who answered before I have no legal experience. IRS Circular 230 defines the ethics for tax practitioners and the definition of a tax practitioner is broad enough (effective Aug 2011) to include those who are not EAs, CTRPs, CPAs as long as the person is compensated to prepare or assist in a substantial part of the preparation of a document pertaining to a taxpayer's liability for submission to the IRS. Section 10.27 Fees: (b)(2)A practitioner may charge a contingent fee for services rendered in connection with the Service’s examination of, or challenge to — (i) An original tax return Paragraph c defines what a contingent fee is basically a fee that depends on the specific result attained, in this case saving you money. In the section above 'Service's examination' is an audit in plain speak. If your 2013 return has not been submitted and you have not received a written notice for examination, H&R block can not charge a contingent fee, period. Furthermore, H&R Block cannot hold your tax documents, upon your request, they must return all original tax documents like W2s and 1099s ( they don't have to return the tax forms an employee prepared). Like I said above, I'm not a lawyer, unless I missed a key detail, I don't believe they were permitted to charge you a filing fee contingent on saving you money.


No, do not file a Form 1099. You should not issue a form to yourself and you have no separate entity to issue one. The reporting obligation is Form 1040, plus Schedule C. You may have followed a wrong turn somewhere in the TurboTax questionnaire or it may not have picked up the subtleties of your situation. The business income is already yours. Some writers use vehicles to hold their royalties and pay themselves. The questionnaire may have been trying to get at this issue or may have wrongly assumed it. There are special rules around such entities, so getting an adviser is a good idea. For now, just file Schedule C, remember to deduct your costs (e.g. cost to print the books), and pay your self-employment tax.


A letter of credit is commonly used by importers who want to ensure that their product is shipped before paying the exporter. The exporter has a guarantee that the payment for the goods will be received once the shipment has been made. It is used to resolve a Game Theory type situation. For example, you are buying a car from China for $40,000 USD. The exporter of the car asks for the money before he will ship the car, but if you give him the money, then he has no incentive (aside from legal pressures) to ship the car. Instead you sign a letter of credit for the transaction, which basically sends your payment to the exporters bank, but puts a hold on it until the exporter proves that he has shipped the car and proved that he has insured the shipment against damages.


India and the United States have a tax treaty, so if you pay tax in the United States, YOU DO NOT HAVE TO PAY TAX IN INDIA OR VICE VERSA. Your father in law can wire the money back to your US bank account if you provide him with your routing number and swift code. He might be charged a little fee depending on the amount he is sending(It is usually Rs.1000/-), but once the money comes back it is absolutely tax free. If it is a lot of money, you might get an inquiry, but assuming you have already payed taxes on it, it should reflect on your W2, so you do not have to pay any further taxes. Cheers!


Though non-resident Indians (NRIs) earn their living abroad, their obligation to file tax returns in India doesn't end. With the July 31 deadline for filing returns barely a month away, NRIs need to gear up to file their return if they have income in India that exceeds the basic exemption limit. How to Determine tax residency status: An NRI first needs to determine his tax residency status, that is, whether he falls in the category of resident or non-resident Indian (NRI) for tax purposes. While there may be no ambiguity regarding the status of an NRI who has lived abroad for a long time, those who have moved abroad recently or have returned to India after a long stay abroad need to ascertain their residency status properly.


This is just an addition to base64's answer. In order to maximize your overall wealth (and wellbeing) in a long run, it is not enough to look only at the expected value (EV). In his example of always keeping $9850 or having $10000 99% of the time, EV in the second case is greater ($9900 > $9850) and if you are Bill Gates than you should not take an insurance in this case. But if your wealth is a lot less than that you should take an insurance. Take a look at Kelly criterion and utility functions. If I offer you to take 100 million dollars (no strings attached) or to take a risk to get 200 million dollars 60% of the time (and $0 40% of the time), would you take that risk? You shouldn't but Bill Gates should take that risk because that would be a very good investment for him. Utility functions can help you choose if you want an insurance or not. Maybe you want to insure your house because the value of the house is a large percentage of your wealth but on the other hand you don't need to insure your car if it is very easy for you to afford another one (but not easy to afford another house). Lets calculate what your wealth should be in order not to take this $150 insurance on a $10000 item. If you pay $150 for an insurance you have guaranteed $9850. But choosing not to take an insurance is the same as betting $9850 in order to gain $150 99% of the time. By using Kelly criterion formula fraction of the wealth needed to make this bet is: [p*(b+1)-1]/b = [0.99*(150/9850+1) -1]/ (150/9850) = 1/3. That means that if your wealth greater than $29950 you don't need an insurance. But if you want to be sure it is advised to use fractional Kelly betting (for example you could multiply fraction by 1/2) and in that case if your wealth is more than $59900 you don't need an insurance for this item.


As per JohnFx's comment above, consider whether it's worth more to you to just write this off. If not, if you feel that your son will be able to consider this without taking it personally, or you're willing to risk that relationship, then talk to him about it. Lay out the reasons why you need the money. If there are other children, it might be a simple matter of fairness to them. Based on your idea of deducting the money from his inheritance, I assume that the value you're docking from his inheritance will go somewhere else. Offer alternatives. You say that you can't take any money from him now, but letting him know that he can pay you in the future in lieu of loss of inheritance might be worthwhile. Be prepared with an idea of what to suggest if he says he can pay you some amount of money. Figure out what might be an acceptable payment plan and how to handle it if, at some point, he can't make payments for a time. This is a potentially ugly situation, and I can't guarantee that it will turn out better, but the more you prepare for the questions he's going to ask, the better off you're going to be.


Well, no, it's not. Government is reactive. We didn't decide to give non-citizens education before there was a class of people living among us who couldn't get an education. We didn't decide to give them drivers licenses before there was a serious issue of unlicensed/uninsured drivers getting in accidents that they could not be held liable for.


Sounds like you're having cold war flashbacks, though I haven't watched the Olympics for a long time. Are there any recent cases of Russian athletes being any more genetically manipulated than any other country or USA baseball players and bicyclists?


what are my options for raising the funds? Assuming you have decent credit, you can either mortgage your home or apply for a land loan in order to purchase the land. Since both your home and the land have value, either one can act as collateral in case you default on your loan. Land loans tend to have a higher interest rate and down payment, however. This is because banks see land loans as a riskier investment since it's easier for you to walk away from an empty plot of land than your own home.


I know you don't want to hear this, but your life is anecdotal. What you have lived applies to you and no one else. It's easy to make decisions based on emotions and your story is an emotional one. But if you read my words and look at my links we are not that far apart. A single grandmother with a disabled daughter raising her grandson is the definition of moving the process along. You would be hard pressed to find someone in a very poor country that would object to helping that scenario and certainly not in the Western World. The real question is how did she end up in that situation. Much like the $22 Trillion spent on poverty, the aid she received before you came along did not help her or her daughters. The system in place did not work. The fact that you somehow clawed out of there while people around you were doomed to a much different fate shows that you are the exception to the system helping, not the rule. Now let's move on to FUCKING SOLUTIONS, no slogans (as you aptly put it). 1.Baltimore has been going down hill for 50 years. What needs to change? 2.Detroit same. What needs to change? We can agree that trickle down is not the answer (although pure free market would be Fantastic)...


With your income so high, your marginal tax rate should be pretty easy to determine. You are very likely in the 33% tax bracket (married filing jointly income range of $231,450 to $413,350), so your wife's additional income will effectively be taxed at 33% plus 15% for self-employment taxes. Rounding to 50% means you need to withhold $19,000 over the year (or slightly less depending on what business expenses you can deduct). You could use a similar calculation for CA state taxes. You can either just add this gross additional amount to your withholdings, or make an estimated tax payment every quarter. Any difference will be made up when you file your 2017 taxes. So long as you withhold 100% of your total tax liability from last year, you should not have any underpayment penalties.


Sometimes the simple ways are the best:


That is true but a double major has much more clout than the minor. I only say this because I thought a double major would only be slightly better than a minor in the same subject when I was in undergrad and later found this to be incorrect.


Go to the states on vacation. Get a virtual (or friend's) address. Get an ITIN from the IRS. Open a bank account. Get a secured credit card on your next trip from Capital One – add as much money as you can afford. One year later, you should have a decent credit score.


Well as you can guess economic growth has a positive effect on the economy as a whole and tends to be measured in the change of a countries GDP ([Gross Domestic Product](https://en.wikipedia.org/wiki/Gross_domestic_product)) [Unemployment](https://en.wikipedia.org/wiki/Unemployment) is the rate of people unemployed who should be working currently. High unemployment is bad as it shows there are people who could be making money (who would then spend it thus boosting GDP and inflation) and adding to a countries economy. [Inflation](https://en.wikipedia.org/wiki/Inflation) is an increase in the price of goods and is measured by a standardized 'basket' of goods. As people spend more and the economy heats up prices rise. You want a low but positive level of inflation, target rate in most developed countries is about 2% per year. At this level demand for goods is high and people are spending but too much higher and prices will pass the level people are willing to pay for the goods and the economy could overheat and have a downturn. Read the wikipedia articles I linked, they'll help a lot. Feel free to ask any more questions you have!


"It sounded like a loud flapping long wet fart from ageing sagging white buttocks and amounted to a statement of ""Do all to achieve Fuck all"" and has started an era of name calling international diplomacy. The world leaders looked at each other not knowing to wrinkle their nose or clap. Nethanyahu came up from inside Donald's ass to applauded loudly and vigorously before he went back to mining Israeli virtue in Donald's colon The Ayatollah decided his knob was shiny enough The Saudi's decided that perhaps it was time to invite a Pakistani Brigade along with their tactical toys over, they were after all good friends."


>and tobacco ($6-8.50) are quite expensive. :-/ Tobacco is usually $15-$20 here (for 20-25). Used to be more like $8-$12, before we introduced our incredibly heavy tobacco tax. Edit: Also, a $11 crate of beer is incredible. You literally cannot buy a six-pack anywhere in this country for that price, barring occasional specials on pisswater.


As for a formula, there isn't a simple one that you can apply to every type insurance. I'll try my best for a simple answer. Is the event devastating enough to change your lifestyle (looking at life necessities, not wants and nice to haves)? Is the event very likely to happen? Do you have enough emergency funds to cover such an event? Once that emergency fund is utilized, how long does it take you to restore that fund to be ready for the next event? If the event is devastating enough and is very likely to happen and you do not have the cash to cover the event, and/or it would take too long to restore that emergency fund, then it makes sense to consider insurance. Then you would have to examine if the benefit(s) outweight cost of the premium paid for the insurance. If it is pennies of premium for a dollar of benefit, then it makes sense.


Dollar cost averaging is a method of regularly investing money as it is available. For example, $100 from each paycheck. It has been shown to bet better, on average, than collecting the money and investing it all at once. It is not intended to be used when you have the entire amount up front. See this link. Dollar cost averaging a lump sum would only be beneficial if the market was just as likely to go up as is to go down. Since, over time, the market (historically) has always gone up, your best bet is to invest all of your money right away. Anything else is just trying to time the market.


The net return reported to you (as a percentage) by a mutual fund is the gross return minus the expense ratio. So, if the gross return is X% and the expense ratio is Y%, your account will show a return of (X-Y)%. Be aware that X could be negative too. So, with Y = 1, If X = 10 (as you might get from a stock fund if you believe historical averages will continue), then the net return is 9% and you have lost (Y/X) times 100% = 10% of the gross return. If X = 8 (as you might get from a bond fund if you believe historical averages will continue), then the net return is 7% and you have lost (Y/X) times 100% = 12.5% of the gross return. and so on and so forth. The numbers used are merely examples of the returns that have been obtained historically, though it is worth emphasizing that 10% is an average return, averaged over many decades, from investments in stocks, and to believe that one will get a 10% return year after year is to mislead oneself very badly. I think the point of the illustrations is that expense ratios are important, and should matter a lot to you, but that their impact is proportionately somewhat less if the gross return is high, but very significant if the gross return is low, as in money-market funds. In fact, some money market funds which found that X < Y have even foregone charging the expense ratio fee so as to maintain a fixed $1 per share price. Personally, I would need a lot of persuading to invest in even a stock fund with 1% expense ratio.


I'd like to take a moment to point out: I cannot find a bank that charges customers with a checking account fees for withdrawing from an atm owned by that same bank. It is a cornerstone of most banks now to encourage online and atm banking. You should definitely research the validity of the claim that you're associate cannot withdraw from their own account through their own bank's atm without fees. A second scenario I can think of, is that this person uses a bank that does not operate in your region. Then they cannot find an atm owned by their bank. If this is the case, they should simply go to the bank the check is drawn on, and cash it there. So far I only know of Chase bank charging non-Chase customers to cash a check drawn on a Chase account (this is a crap policy that makes me hate that bank). **disclaimer - I am not familiar with all banks, but a quick Google search of banks that operate in your region should reveal which ones if any charge their customers for use of their atms. you may or may not find the check cashing charge policy without attempting to cash the check.


When you pick a company for your IRA, they should have information about rolling over funds from another IRA or a 401K. They will be able to walk you through the process. There shouldn't be a fee for doing this. They want your money to be invested in their funds. Once your money is in their hands they are able to generate their profits. You will want to do a direct transfer. Some employers will work with the investment companies and send the funds directly to the IRA. Others will insist on sending a check to you. The company that will have your IRA should give you exact specifications for the check so that you won't have to cash it. The check will be payable to you or the IRA account. The IRA company will have all the details. Decide if you will be converting non-Roth to Roth, before doing the rollover.


Like how the Great Instagram Purge of 2015 saw large accounts lose millions of followers? Haha. I can only imagine people stopped paying so much for followers after that. I’m not sure what algorithm they use to find fake users but I’m sure it can’t be hard to trick with a bit of randomizing content. I’m sure bringing Instagram to the web didn’t help there either.


Amazon's online retail end-game is clearly for them to be the platform that all other retailers use to sell goods online, as in Amazon manages the inventory, delivers the goods, collects the payment, takes their cut and gives the rest to the retailer. At a certain point that efficiency gained from managing and delivering inventory directly at such scale will make it literally impossible for anyone to compete without using Amazon's retail services. UPS/FedEx will not like that new reality where they won't be able to compete with a company delivering their own goods directly from fulfillment centers and I wouldn't be the least bit surprised to see anti-trust/monopoly suits filed.


I agree, I buy 90% of my stuff on Amazon, but still find reasons to need to go to Home Depot. Pretty much Home Depot and the grocery store are the only two places I shop besides Amazon. I've tried finding what I need on Amazon instead of going to HD but with some things you just can't. I go to HD a lot with an idea of something I want to create but not knowing exactly what I need to buy. Amazon can't replace that experience...yet.


I agree with you for the most part, but to add on there is no right to have a Family or get married. You can survive working on subway if you want that to be your job and support yourself. It won't be glamorous but it's possible.


Happy to help. I always recommend you try and solve these types of problems by hand over financial calculators so that you can get a feel for how terms in the equation relate to one another. That's important while you're studying/learning. But for work--by all means you should use the fastest method, which is probably excel.


"The whole story of ""Pamela Shea"" is so light on facts that it makes it hard for me to see what happened to her as example of a problem, let alone a tragedy. What kind of weird house purchase involves the forfeiture of the down payment in the event you can't get financing? Yes, there is money you commit when you make an offer on a house that is non-refundable, but it's less than 1% of the value - it's not the ""down payment"". And if the life savings of a woman with a ""six-figure income"" are less than 1% of the cost of the home she's buying, then I'd say she's not ready to buy a home, or she needs to look at less expensive property."


Yea, like others are saying -- it's legitimate. Just insurance. In fact, as far as derivatives go -- weather futures are probably one of the least crazy. FYI, all derivative and exotic securities are legitimate -- just a matter of price. CDS? Fine. CDOs? Yep. Even the CDO^2 -- They're all fine as long as the price is set right. A truly efficient market would shun some of these as they are too hard to untangle and understand what the real risks are. However, we don't have a truly efficient market (nor a particularly free one -- but that's another discussion).


Did you read the sidebar? I get that you deeply dislike Romney and the Republicans - I can easily see that from your post history. No problem with that, but please don't let /r/politics bleed over. There is a reason why many subs are trying to keep /r/politics-esque submissions out - because they are ummm... not especially objective. >r/business brings you the best of your business section. From tips for running a business, to pitfalls to avoid, /r/business teaches you the smart moves and helps you dodge the foolish. >Political submission? use /r/politics If you are that desperate to debate republicans over the internet, there is surely a different subreddit for that. Although... >So the republican subreddit /r/business... That did make me giggle. Now I'm fairly certain that your posts here have been pure trolling.


Costco is one of my favorite places to shop. I hardly ever find better prices elsewhere and their return policy is pretty amazing. That being said, biggest complaint I have are the long ass lines and parking is a nightmare.


AK Gas and Plumbing is the professional solution to all of your home and commercial maintenance and repair needs. With a guarantee like no other, our Workmanship Guarantee backs all of our work we do in your home or business. You can feel comfortable knowing that each AK Gas and Plumbing plumber is professional and reliable. We are fully licensed and insured. Customer satisfaction is our top priority. If for any reason you are not satisfied with our services, please contact us immediately. AK Gas and Plumbing pledges to you, our customer, to offer the best service that can be provided. Your complete satisfaction with our plumbing repairs and plumbers is 100% guaranteed. Our plumbers are highly trained, experienced and skilled, your needs and expectations are always met and exceeded.


"Not at these rates. The motto used to be 3/6/3: ""Borrow at 3%, Loan out at 6%, and then be at the golf course by 3pm"". So they get 3% on the spread, minus fixed costs. Now, they borrow at near 0% and loan out at slightly above 0%. Those fixed costs starts becoming an issue. It isn't cheap to have all these ATMs, bank branches, tellers, computer systems, etc. Also, a lot of the money cannot be loaned out at all because there are not enough creditworthy borrowers. You might have recalled a few months ago, several banks started charging for deposits. They don't want more money that will just lay there while they have to pay the costs of maintaining the accounts. Some bank CEOs have stated that they would be better off if the Fed raised rates up to 1%."


"The absolute worst kind of people, they preach community and help thy neighbor, unless you're not orthodox then you might as well be a shit stain on their driveway. These people better pay back every penny with interest, not like they're paying normal taxes on the majority of that income. Ya know ""religious purposes"" and such."


Here is something that should help your decision: Currently you are 57, suppose that means that you will still work for 10 years, and then be retired for another 20 before you sell the house. Your retirement account is nearly flat, so you will have to support yourself with your own income. If there are no surprises, you and your wife could expect to earn 1.16 million over the next 10 years. There will be interest on your savings, but also inflation, so to simplify I will ignore both. That means you will have an average of 40k (gross?) per year available to live from during the next 30 years. If you get a mortgage where you only pay nett 3% interest (no payback of the loan), that would cost you 6k per year on interest (based on 350k-150k), if you also want to pay back the 200k difference within 30 years, it would totally be close to 13k in annual interest+payback. Now consider whether you would rather live on 40k per year in your current place, or on a lower amount in a bigger place. Personally I would not choose to make a 200k investment at this point, perhaps after trying to live on a budget for a while. (This has the additional benefit that you can even build some cash reserve before buying anything.)