At the time of the auction android was just vaporware but many companies were restricting the phones that they allowed on their networks so that they could control what the phones were being used for. The big guys (AT&T, Verison, and Sprint) feared that being forced to allow phones that could do things they did not have control over would cost them money(Especially since they charged for every little feature they added). They also wanted to prevent their phones (which they subsidize to their customers in to reap long term profits) from being taken to other networks. Goggle saw the potential for the largest chunk of bandwidth available to the telco's to be restricted to services of one company and their strangle hold over the phones and services that were allowed to use it. They manuvered the bidding to ensure that this did not happen. There are many who believe that Verison bought the spectrum more to prevent anyone from competeing with them than because they actually wanted to use it. But at least they are forced to allow other parties in to compete even if it is on their playground.


A 457(b) plan allows access to funds after you separate from your employer, regardless of age.


Did you grow up in the country? Is anyone in your family chronically sick? Did you ever get laid off? Did you lose your shirt in the recession? Is your child's father a deadbeat dad? Where I live there are a lot of people on the brink. It's a seasonal resort area and there are simply not high paying jobs around. These people work full time and make shit wages in winter and modest wages in summer. They live in trailers and meager housing. They never go on vacation and they are on Medicaid because they can't afford healthcare. What are they supposed to cut? Food? Heat? When you grew up poor and black, did your parents eat out all the time?


There's often a legal basis to answer this question. For instance, Austria (guessing from your profile) currently uses a 4% Statutory interest rate. You'll need to dig up not just the actual but also the historical rates. Note that you'll want the non-commercial interest rate - some countries differentiate between loans to businesses and loans to individuals.


I would give him some credit for not screwing up and over spending too much. He has run up his secret service costs so they need more money that hasn't shown up but that is really a drop in the bucket against the budget. He hasn't passed any legislation that effects the budget yet. And mid year really doesn't matter they should have a pretty good prediction for the debt this year that would be a more telling number.


"Things are in fact more complicated. It really depends what you mean by ""ticker"" and who gave you this ticker. There is several codes to identify a security: The Bloomberg code contains a code to identify the exchange as in ALU:FP the FP part refers to Euronext Paris. The RIC code works the same way but with a different convention. Exchanges are identified by the MIC code.(they are in fact divided in market segments with each market segment having a main market segment) ISIN and SEDOL codes do not provide informations about the exchange so they are usually given with a MIC. There is no guarantee that Reuters and Bloomberg won't use the same company code to refer to different company. But they usually use the exchange ticker. This ticker is requested by each company and can be anything. They are accepted most of the time. But sometimes to avoid confusion some requests are rejected. (For instance FBI ticker was refused) For more info read: The evolution of ticker symbols Financial providers like Bloomberg provides services to be informed when a security is added/removed from a market."


Sport betting is a typical kind of gambling where participants invest on the results of the game and performance of the players. According to the preset rates for betting, if the participant’s prediction while making the investment becomes true, the participant receives multiples of the amounts invested earlier.


You can *think* and *feel* whatever you like about the man, its your right as an American. I'm not here to tell you what you can and can't think. Unfortunately though, your fee fees are not concrete, admissible evidence in court. Nor will they ever be.


Might depend on the job, if he's going to be selling bibles then experiencing the bullshit so you can talk bullshit to customers who you're trying to offload stock on to then yeah, he should be saved and baptized and kosher. So lets see what job this guy was applying for... Selling light bulbs. Yeah that's irrelevant, this company is asshole driven.


Okay I don't know where my disconnect was, in my mind I was viewing that as a negative for some reason haha. Thanks! That makes sense. What is your perspective on the large amount of companies buying back shares right now?


I thought the same thing when I was in high school. But I worked several jobs ranging from $7.25 to $12 an hour. It's about not being complacent and going out there to look for other, Better paying opportunities. And at the end of the day, if your labor can only command a shit wage then go get some skills. Go EARN a higher wage.


To particularly piss you off even more And to impress upon you the difficulty of training people, who hate you, how to effectively kill people, and stand next to them when they have loaded automatic rifles and explosives. Had your fearless leader not dodged the draft because he had bumps on his feet, such things would have been basic knowledge and required no explanation.


Some businesses verify the shipping address with the credit card company, and refuse to ship to an alternate address without additional, offline verification. Of course, this is only useful for physical goods.


Japan has huge current account, trade surplus and shrinking population/consumption, Unless they print money, Yen will shoot up, creating problem with their export economy. Japan can only wish the rest of the planet dump their currency, lowering yen and enhancing export. Yen is not a major reserve currency. So there is that. Does it apply to US? probably not, US is deficit and debt economy. Dollar is reserve currency, creating artificial demand and pumping US economy. Once that privilege is gone, dollar global purchasing power will tank. So toying with dollar credibility like Japan printing Yen is not really an option.


It would be worth looking at their details as they will outline clearly what the 2% is on. Having said that the 2% will probably be on the value of the portfolio at the time the charge is calculated. (It might be that they don't levy this on the cash section of portfolio, it might be that they do.) They will usually make you sign a direct debit form so that they can take the fees straight from you. There are much better deals around than this, 2% is a huge fee if you had an portfolio that is worth £100,000 after some years the fees they would be charging you would be £2,000 a year. it's worth shopping around for a better deal, as it can prove costly to change ISA provider at later date.


If you have a public company and shareholder A owns 25% and shareholder B owns 25%, and lets say the remaining 50% is owned by various funds/small investors. Say profits are 100mil, and a dividend is payed. Say 50 mil worth is payed out as dividend and 30 mil is kept as retained earnings for future investment. Can the remaining 20 mil be distributed to shareholders A and B, so that they both get 10mil each? Can certain shareholders be favored and get a bigger cut of profits than the dividends pay out is my question basically.


Not one word about price locking across the board, or to restate, how they plan to avoid going bankrupt like Circuit City did when Circuit City successfully cut the profit margin of televisions and other products to 0. I'm sorry, this is closer to blog spam than it is news, we should all be ashamed for upvoting this.


Or because you know about them from the ads. Commercials are not sole intended to make you get off the couch and go to the store buy a product you've just seen an ad for, it attempts to familiarize you with the product and let you know about its existence. First time costumer likely to buy a brand that they heard of.


I think the best answer that doesn't make the buyer look like a moron is this. Buyer had previously sold a covered call. They wanted to act on a different opportunity so they did a closing buy/write with a spread of a couple cents below asking for the stock, but it dipped a couple cents and the purchase of those options to close resolved at 4 cents due to lack of sellers.


">How to look at a group of people, asses their skills sets and organize them in a way that makes sense in order to get the job done? It doesn't work like that, well at least not usually. You don't get a bunch of people you need to ""asses and organize."" You hire people you need and can afford. That's it."


The DOW is just an index, which is simply a group of stocks meeting the criteria for inclusion. In the case of the DOW, it's the 30 US stocks with the largest market capitalization, but other indices include many lesser stocks (such as the S&P500 or the Russell 2000). The fact that Holobeam is no longer a constituent of the DOW30 probably shouldn't be taken in and of itself as a signal to sell the stock. As far as I can tell, HOOB stock is still trading on the Nasdaq exchange. However, it is extremely ill-liquid, which means that there are very few people willing to buy or sell it. Whether or not this would work to your advantage is almost entirely down to luck - it depends whether there is a keen buyer out there at the time you try to sell.


Do I report it as income? Is it subject to just the same amount of taxes (~30%) as regular income? Are there any restrictions on how it can be used? It is income. You can deduct the costs of maintaining the web page and producing the software from it (have an accountant do that for you, there are strict rules on how to do that, and you can only deduct up to the income if its a hobby and not a for-profit business), but otherwise it's earned income like any other self employment income. It is reported on your schedule C or on line 21 of your 1040 (miscellaneous income), and you're also liable for self-employment taxes on this income. There are no restrictions, it's your money. Technically, who is the donation even being made to? Me, just because I own the webpage? Yes. This is for the United States, but is there any difference if the donations come from overseas? No, unless you paid foreign taxes on the money (in which case you should fill form 1116 and ask for credit). If you create an official 501(c) organization to which the donations are given, instead of you getting it directly, the tax treatment will be different. But of course, you have to have a real charitable organization for that. To avoid confusion - I'm not a licensed tax professional and this is not a tax advice. If in doubt - talk to a EA/CPA licensed in your State.


Generally, ETFs and mutual funds don't pay taxes (although there are some cases where they do, and some countries where it is a common case). What happens is, the fund reports the portion of the gain attributed to each investor, and the investor pays the tax. In the US, this is reported to you on 1099-DIV as capital gains distribution, and can be either short term (as in the scenario you described), long term, or a mix of both. It doesn't mean you actually get a distribution, though, but if you don't - it reduces your basis.


"If you do as you propose you are going to get burned. You need to sell, then start to rent. amongst other things. Since 2008, the economy never ""recovered,"" but was sort of stabilized temporarily like a fighter on the ropes. The economy is beginning to collapse again, and that collapse will accelerate around the Fall. The dollar too will also begin its delayed downward fall come Autumn. Just one example of what I speak: https://research.stlouisfed.org/fred2/series/CIVPART I would be happy to tell you more if you like, but I am already going to get pilloried for what I have already said. I do not sell anything, or push anything, but since you asked, and I follow this day in and day out, I thought that I would give you my very well informed answer. Take it for what it's worth. So let me know if you want more."


Whether or not I trust them depends entirely on the personal finance application. In the cases of Mint and Quicken, I would trust both. Always make sure to do plenty of research before submitting any personal information to any source.


"Mission is easily the toughest item on this list to get right and not look like a corporate douchebag. Especially since *Office Space* lamented ""listening to eight different bosses drone on about mission statements"" 13 years ago and it really stuck. It seems mission and strategy are somewhat interchangeable, and strategy isn't as tainted with meaninglessness. Either way, to me the important point here is clarity of overall vision for the company from the top and communicating that strategy all the way down the chain. Other points like 1. Target, 5. Expectations, and 8. Future fall out of that if it's done right. And plastering some branded version of that strategy on a bunch of trinkets is *definitely* not right."


"Rich people use ""depositor"" banks the same way the rest of us use banks; to keep a relatively small store of wealth for monthly expenses and a savings account for a rainy day. The bulk of a wealthy person's money is in investments. Money sitting in a bank account is not making you more money, and in fact as Kaushik correctly points out, would be losing value to inflation. Now, all investments have risk; that's why interest exists. If, in some alternate universe, charging interest were illegal across the board, nobody would loan money, because there's nothing to be gained and a lot to lose. You have to make it worth my while for me to want to loan you my money, because sure as shootin' you're going to use my loan to make yourself wealthier. A wealthy person will choose a set of investments that represent an overall level of risk that he is comfortable with, much like you or I would do the same with our retirement funds. Early in life, we're willing to take a lot of risk, because there's a lot of money to be made and time to recover from any losses. Closer to retirement, we're much more risk-averse, because if the market takes a sudden downturn, we lose a significant portion of our nest egg with little hope of regaining it before we have to start cashing out. The very wealthy have similar variances in risk, with the significant difference that they are typically already drawing a living from their investments. As such, they already have some risk aversion, but at the same time they need good returns, and so they must pay more attention to this balancing act between risk and return. Managing their investments in effect becomes their new job, once they don't have to work for anyone else anymore. The money does the ""real work"", and they make the executive decisions about where best to put it. The tools they use to make these decisions are the same ones we have; they watch market trends to identify stages of the economic cycle that predicate large movements of money to or from ""safe havens"" like gold and T-debt, they diversify their investments to shield the bulk of their wealth from a sudden localized loss, they hire investment managers to have a second pair of eyes and additional expertise in navigating the market (you or I can do much the same thing by buying shares in managed investment funds, or simply consulting a broker; the difference is that the wealthy get a more personal touch). So what's the difference between the very wealthy and the rest of us? Well first is simple scale. When a person with a net worth in the hundreds of millions makes a phone call or personal visit to the financial institutions handling their money, there's a lot of money on the line in making sure that person is well looked-after. If we get screwed over at the teller window and decide to close our acocunts, the teller can often give us our entire account balance in cash without batting an eyelid. Our multimillionaire is at the lower end of being singlehandedly able to alter his banks' profit/loss statements by his decisions, and so his bank will fight to keep his business. Second is the level of control. The very wealthy, the upper 1%, have more or less direct ownership and control over many of the major means of production in this country; the factories, mines, timber farms, software houses, power plants, recording studios, etc that generate things of value, and therefore new wealth. While the average Joe can buy shares in these things through the open market, their investment is typically a drop in the bucket, and their voice in company decisions equally small. Our decision, therefore, is largely to invest or not to invest. The upper 1%, on the other hand, have controlling interests in their investments, often majority holdings that allow them far more control over the businesses they invest in, who's running them and what they do."


"Uncertainty has very far reaching effects. Oil is up ~100% since February and down ~40% from it's 52 week high (and down even more on a longer timeline). It's not exactly a stable investment vehicle and moves a few percent each day on basically nothing. A lot of securities will be bouncing around for the next couple weeks at least while folks remain uncertain about what the ""brexit"" will actually mean."


If you want to make money while European equities markets are crashing and the Euro itself is devaluing: None of these strategies are to be taken lightly. All involve risk. There are probably numerous ways that you can lose even though it seems like you should win. Transaction fees could eat your profits, especially if you have only a small amount of capital to invest with. The worst part is that they all involve timing. If you think the crash is coming next week, you could, say, buy a bunch of puts. But if the crash doesn't come for another 6 months, all of your puts are going to expire worthless and you've lost all of your capital. Even worse, if you sell short an index ETF this week in advance of next week's impending crash, and some rescue package arrives over the weekend, equity prices could spike at the beginning of the week and you'd be screwed.


I don't think you understand what it's saying, not that there were only 8 crashes, that in 8 crashes 28 people died. It's talking about the amount of fatalities/crash for those 8 crashes, which is why the sentence after that talks about curbside operators being more dangerous. There were more than 8 crashes among all the different bus lines in a year.


I know people complain about Best Buy. People complain about everything. But just speaking from personal experience, I have no issues with Best Buy. I even spent about $1,000 on a TV there a couple years ago, and didn't like the TV. I took it back and exchanged it for a different model. No questions asked. Their prices are fair. The customer service is usually fine. In fact, it's a little better than fine because I'm pretty sure they don't make any kind of commission, so I never feel pressured.


"Yesterday I have received a call from my local bank. They told the the payment had arrived, but the money sender failed to specify my account number. They have only specified SWIFT code and my address. And in order to receive my money, money sender has to send an additional SWIFT message, where my account number must be specified. And the money transfer will remain ""frozen"" (or ""blocked"") until such a message would be received. In this case normally your local bank has to send a SWIFT MT199 to the sending Bank that the account number quoted is missing. The Sending Bank would contact the company and send back a SWIFT message with required info."


In no particular order - to help you on deciding whether to invest or not: Building Wealth One House at a Time Buy & Rent Foreclosures: 3 Million Net Worth, 22,000 Net Per Month, In 7 Years...You can too! Landlording on Auto-Pilot: A Simple, No-Brainer System for Higher Profits and Fewer Headaches and for when/if you actually decide to start: Investing in Real Estate I've read all the books above and they all have a little bit of information here and there to take out - although they have some redudency it is the good type you need to learn/know anyway. Hope this helps.


That's an interesting assessment. I had a good read. I suppose it would be weird if we had more government. We only have 4.5 million people. I suspect effective government is a fairly low bar as we have plenty of improvement to make in a range of metrics. We are damaging the environment because of a lack of regulation on farmers activities. Many rivers in the South Island are not safe to swim in now. We have very high and growing income inequality. We are behind the times on drug reform and our incarceration rates and recidivism rates are an embarrassment. But importantly our system of governance (MMP) is more representative. We restrict campaign spending to small amounts of public money (you see a few billboards and ads on TV) which is proportional to the support that party has. We allow no outside funding although there has been some instances where private businesses have attempted to influence elections and the various parties are semi-frequently caught (and fined) for trying to skirt these restrictions. I think that's the main reason we manage to get things pretty right in a haphazard trend towards good policy over time.


"Algorithmic trading doesn't necessarily require live feeds. It is a very generic term describing trading based on the decisions made by a machine and not a person. One very prominent type of algo-trading is ""high frequency trading"". For HFT to be effective, not only do you need live feeds (which are provided by the exchanges electronically), you need them before others get them. That's why HFT traders put their machines as close as possible (physically) to the exchange data centers, sometimes even renting racks at the same datacenters from the exchanges themselves."


I've seen accounting majors in finance roles and finance majors in accounting roles, unless you're really interested in the tax side of things which you'll ultimately need enough credits to pass the CPA. >Which has better pay? Sounds like you're ultimately interested in making bank, like the other dude said, get a good GPA, do a few worthwhile internships, and network your ass off.


As with any business, there's a huge learning curve. Rich Dad gives you the fundamentals.. which are sound.. you then need to spend time getting the nitty gritty details of the business ... be it real estate, stock investing etc. Kiyosaki is a wealthy man... I've listened to some of his podcasts and he know what he's talking about.. AND.. he's been in the business for 20+ years.


Top 25 universities, better if they are near major cities. Ivys + MIT, Stanford, Northwestern, NYU, UNC etc. As much as the top commenter says its who they know, which is true, its a hell of a lot easier when theres on campus recruiting.


Yeah there's no legitimate reason a co-worker (besides HR of course) would want your high school diploma. If he was trying to prove he has a job, HR could write a letter. I'm extremely cynical so I'm going to stick with it was for something malicious


From a Canadian point of view, I think we are generally very similar to how you describe Austria. The only thing I use cash for, is to pay for my coffee at a local micro-roaster who only accepts cash. Cheques, I only use to pay friends. Everything else is debit or credit card. Very few businesses around here will even accept cheques anymore.


Absolutely, I agree with Musk that anyone should be allowed to email anyone else in their company with the goal of fixing a problem and improving the business. That doesn't mean anyone can issue an order or decision to anyone else. That would be complete chaos.


"Good debt is very close to an oxymoron. People say student loans are ""good debt,"" but I beg to differ. The very same ""good debt"" that allowed me to get an education is the very same ""bad debt"" that doesn't allow me to take chances in my career - meaning, I would prefer to have a 'steady' job over starting a business. (That's my perogative, of course, but I am not willing to take that 'risk.' /endtangent @Harmanjd provided the two really good reason for using cash over borrowing. We have a tendency in this culture to find reasons to borrow. It is better for you to make a budget, based on what you want, and save up for it. Make a ""dream list"" for what you want, then add up the costs for everything. If that number makes your head hurt, start paring down on things you 'want.' Maybe you install just a wine cooler instead of a wine cooler and a beer tap, or vice-versa. And besides, if something comes up - you can always stop saving money for this project and deal with whatever came up and then resume saving when you're done. Or in the case of the kitchen, maybe you do it in stages: cabinets one year, countertops the next, flooring the year after that, and then the appliances last. You don't have to do it all at once. As someone who is working toward debt freedom, it feels nice whenever we have one less payment to budget for every month. Don't burden yourself to impress other people. Take your time, get bids for the things you can't (or won't) do yourself, and then make a decision that's best for your money."


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Capital gain distribution is not capital gain on sale of stock. If you have stock sales (Schedule D) you should be filing 1040, not 1040A. Capital gain distributions are distributions from mutual funds/ETFs that are attributed to capital gains of the funds (you may not have actually received the distribution, but you still may have gain attributed to you). It is reported on 1099-DIV, and if it is 0 - then you don't have any. If you sold a stock, your broker should have given you 1099-B (which is not the same as 1099-DIV, but may be consolidated by your broker into one large PDF and not provided separately). On 1099-B the sales proceeds are recorded, and if you purchased the stock after 2011 - the cost basis is also recorded. The difference between the proceeds and the cost basis is your gain (or loss, if it is negative). Fees are added to cost basis.


"I particularly enjoy **coming back** to those with a bit detailed breakdown, a plan, saying ""this **will not** be done in that time"". It takes stature in the workplace, but works wonders. I have seen tasks taken from me and taking longer to be done by the other guy. The other way around, not so much."


Correct, but that's neither here nor there. I wasn't comparing the two. I said you can payoff other debts (such as credit cards) through a refi. To do this, a payoff has to be obtained from the creditor just as you would if you just wanted to pay the account off yourself.


They originally planned to have the WiMax rollout start in mid-2007, which would've brought some nice speeds to US customers by 2009. Infighting with Clearwire delayed the rollout for over a year. I explained the situation (based on whatever info I've gathered to date) in greater detail in [another reply below](http://www.reddit.com/r/business/comments/11ido4/japans_softbank_poised_to_supercharge_sprint/c6mug06). I think that picture is fairly accurate but I'm not an insider so I can't say for sure.


The ads in the newsfeed are now maxed out, just as FB warned all their advertisers they would be 2 years ago. Twitter has actually been stagnating and struggling to get their users to engage. Most people just use it as a newsfeed. Reddit is a news aggregator and message board. It is not a social media site. Snapchat is a completely different animal and doesn't even bear comparison. Facebook user base is healthy and not going anywhere. As of right now they'd be the last one standing if people decided to abandon social media.


"Well, I suppose it depends on your idea of a ""lost cause"". Are you planning to lose the house to foreclosure? If so, then yes, it's a lost cause. Don't waste your money paying down the principal. In any other scenario* you should absolutely pay down the principal to the extent that you'd pay down any loan with nearly 9% interest (in other words, moderately aggressively). The fact is, you owe someone $265,000 unless you plan on losing the home to foreclosure. You can manage the amount of interest you pay while you hold that debt by paying it down. * Short sale and bankruptcy would be special conditions as well, but not exactly the same effect as foreclosure."


(in response to last comment to me) Ok. I understand now. Forgive me if I appeared to be splitting hairs. When it comes to understanding, exact wording is important. I keep money at home, enough to not be a frequent ATM user, not enough to imply any distrust of the banking system or preparation for Armageddon. You last comments implies the brochure said 13% keep all their money at home, i.e. have no banking relationship. A recent poll concluded 25% of people had less than $2500 available if they had an issue, such as the need to repair a car, or furnace. From that factoid, it wouldn't surprise me that half of those people have no bank acount at all. Not for lack of trust, but lack of money to deposit.


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"The key is to look at total return, that is dividend yields plus capital growth. Some stocks have yields of 5%-7%, and no growth. In that case, you get the dividends, and not a whole lot more. These are called dividend stocks. Other stocks pay no dividends. But if they can grow at 15%-20% a year or more, you're fine.These are called growth stocks. The safest way is to get a ""balanced"" combination of dividends and growth, say a yield of 3% growing at 8%-10% a year, for a total return of 11%-13%. meaning that you get the best of both worlds.These are called dividend growth stocks."


Either make your best guess, or set it low and then file quarterly Estimated Tax payments to fill in what's missing, or set it high and plan on getting a refund, or adjust it repeatedly through the year, or...


"Let's divide all bank accounts into savings and checking. The main difference is that checking is easy to get money from; savings is hard to get money from. Because of this, the federal Reserve requires that banks keep more money on hand to cover transactions in checking accounts. Here is a related question from a banking customer regarding a recent notice on their bank statement: Deposit Reclassification. It seems that the bank was moving the customer's money between hidden sub accounts to make it look like the checking account was really a savings account and thus ""reduce the amount of funds we are required to keep on deposit at the Federal Reserve Bank."" If they didn't have to transfer the money many times the bank could keep less cash on hand. But once they did 5 hidden transactions the rest of the money in the hidden savings account would be moved by the bank. The 6 transaction limit is done to not allow you to treat savings like checking. Here is a relevant quote from the Federal Reserve Savings Deposits Savings deposits generally have no specified maturity period. They may be interest-bearing, with interest computed or paid daily, weekly, quarterly, or on any other basis. The two most significant features of savings deposits are the ‘‘reservation of right’’ requirement and the restrictions on the number of ‘‘convenient’’ transfers or withdrawals that may be made per month (or per statement cycle of at least four weeks) from the account. In order to classify an account as a ‘‘savings deposit,’’ the institution must in its account agreement with the customer reserve the right at any time to require seven days’ advance written notice of an intended withdrawal. In practice, this right is never exercised, but the institution must nevertheless reserve that right in the account agreement. In addition, for an account to be classified as a ‘‘savings deposit,’’ the depositor may make no more than six ‘‘convenient’’ transfers or withdrawals per month from the account. ‘‘Convenient’’ transfers and withdrawals, for purposes of this limit, include preauthorized, automatic transfers (including but not limited to transfers from the savings deposit for overdraft protection or for direct bill payments) and transfers and withdrawals initiated by telephone, facsimile, or computer, and transfers made by check, debit card, or other similar order made by the depositor and payable to third parties. Other, less-convenient types of transfers, such as withdrawals or transfers made in person at the bank, by mail, or by using an ATM, do not count toward the six-per-month limit and do not affect the account’s status as a savings account. Also, a withdrawal request initiated by telephone does not count toward the transfer limit when the withdrawal is disbursed via check mailed to the depositor. Examiners should be particularly wary of a bank’s practices for handling telephone transfers. As noted, an unlimited number of telephone-initiated withdrawals are allowed so long as a check for the withdrawn funds is mailed to the depositor. Otherwise, the limit is six telephone transfers per month. The limit applies to telephonic transfers to move savings deposit funds to another type of deposit account and to make payments to third parties."


Pretty obvious how you could draw the conclusions you've drawn given the source. The problem is that source is in no way based in reality. Man made climate change is absolutely real, that's not even debatable anymore. The degree to which we are changing the climate and what we're going to do about it are the topic at hand but your sources are bunk which is why your opinions on the matter are bunk too. Not going to downvote because while you didn't actually add anything of substance to the conversation, you cited your source as requested. You need to broaden your horizons.


They charge merchants a transaction fee, typically between 1% and 3%, for processing every credit card transaction. And of course they make money on interest charged to customers even if they pay on time, as long as the customers don't pay off their balance in full every month.


Supplier of Quartz Powder in India http://quartzpowdermanufacturers.com/supplier-of-quartz-powder-in-india.php Shri Vinayak Industries is a prominent supplier and Manufacturer of Quartz Powder in India. Quartz is the most common mineral which is composed of silicon and oxygen and its chemical composition is silicon dioxide, SiO2. It is chief component of igneous, sedimentary and metamorphic rocks. Quartz is very durable and its durability makes it most commanding mineral. Its size varies from small particles to metric ton. Quartz Stone in its pure form is colorless, but generally it is colored by impurities.


Certainly reading the recommended answers about initial investing is a great place to start and I highly recommend reading though that page for sure, but I also believe your situation is a little different than the one described as that person has already started their long-term career while you are still a couple years away. Now, tax-advantaged accounts like IRAs are amazingly good places to start building up retirement funds, but they also lock up the money and have a number of rules about withdrawals. You have fifteen thousand which is a great starting pot of money but college is likely to be done soon and there will likely be a number of expenses with the transition to full-time employment. Moving expenses, first month's rent, nursing exams, job search costs, maybe a car... all of this can be quite a lot especially if you are in a larger city. It sounds like your parents are very helpful though which is great. Make sure you have enough money for that transition and emergency expenses first and if there is a significant pool beyond that then start looking at investments. If you determine now is the best time to start than then above question is has great advice, but even if not it is still well worth taking some time to understand investing through that question, my favorite introduction book on the subject and maybe even a college course. So when you land that first solid nursing job and get situated you can start taking full advantage of the 401K and IRAs.


"The Securities Industry and Financial Markets Association (SIFMA) publishes these and other relevant data on their Statistics page, in the ""Treasury & Agency"" section. The volume spreadsheet contains annual and monthly data with bins for varying maturities. These data only go back as far as January 2001 (in most cases). SIFMA also publishes treasury issuances with monthly data for bills, notes, bonds, etc. going back as far as January 1980. Most of this information comes from the Daily Treasury Statements, so that's another source of specific information that you could aggregate yourself. Somewhere I have a parser for the historical data (since the Treasury doesn't provide it directly; it's only available as daily text files). I'll post it if I can find it. It's buried somewhere at home, I think."


It depends on how much your time is worth. Those interest rates from that amount of money will not generate anything convenient. And the effort you make to fulfill the requirements can possibly turn into an overhead cost to getting that $34 a month. For instance, lets say you make $20/hour but you spent an hour trying to figure out how their billpay works. Suddenly not worth it. And if that interest rate is only granted up to $10k, then the compounding effects will be nullified because they won't even grant that same interest rate once the money starts to grow. Hope that helps.


Yes, I think you will be able to withdraw from your 401(k) without penalty. Normally, you need to be age 59½ before you can withdraw without incurring a 10% penalty. However, an exception to this rule is described in an IRS 401(k) Resource Guide: Exceptions. The 10% tax will not apply if distributions before age 59½ are made in any of the following circumstances: What this means is that if you leave the company that you have the 401(k) with in the calendar year that you turn 55 (or later), you can take early distributions from the 401(k) without penalty. This year is the year that you turn 55, so it appears that you are eligible for early distributions under this rule.


Let's reverse this. If you had a business to hold corporate information, and that information was leaked to the world, do you think the corporation would agree that you shouldn't be put out of business? They would want that and some blood for their troubles.


Best way would probably be to go buy gold or some other liquid item and then just sell it back for cash. Or buy items from stores and return them. Most stores that don't give store credit will give cash or put it on your CC.


I cannot believe noone mentioned this so far: Every decision you make is independent from previous decisions (that is, if you only care about your expected gain). This means that your decision whether to buy the option should be the same whether you bought the same option before or not.


Uber truly is awesome. Think about how many people Uber home from the bar instead of driving home drunk. Think about how much of a pain in the ass it was to call different taxi companies, stay on the phone, and order a taxi for pickup at a certain time. And then you needed to have cash on you to pay the guy. Now you can connect with a driver who picks you up in a nice new car and you can watch in real time as he picks you up. Badass. My life is way better now with ride sharing, and Uber has been willing to take on massive losses year after year for the customers' benefit.


Robin Hood implies taking from the rich and given to the poor. But, what actually will happen is money will be taken from the rich to support well compensated upper middle class bureaucrats who are bright, well educated and well-connected enough to find work without resorting to a handout.


It is, but most people don't have the need or the ability to attend a private school. There's a good, cheap option in plenty of states. Many of them also have a tuition assistance program available if you keep good grades. I'm only familiar with a handful, but look at UC, UGA, Auburn or Alabama, UF, FSU, USC, UC Boulder, Texas, Texas A&M... I'd wager that most states have a great option for the average person, and it's sometimes the best in the world -- look at Berkley for many hard sciences or Auburn for their veterinarian program. Sure, if you want to be a doctor, lawyer, veteranarian, investment banker, or chase some other professional career you might want to attend one of the top universities to make the right connections, but if those are serious considerations for you in high school your family probably already has the money to be able to afford that.


"This is because volatility is cumulative and with less time there is less cumulative volatility. The time value and option value are tied to the value of the underlying. The value of the underlying (stock) is quite influenced by volatility, the possible price movement in a given span of time. Thirty days of volatility has a much broader spread of values than two days, since each day benefits from the possible price change of the prior days. So if a stock could move up to +/- 1% in a day, then compounded after 5 days it could be +5%, +0%, or -5%. In other words, this is compounded volatility. Less time means far less volatility, which is geometric and not linear. Less volatility lowers the value of the underlying. See Black-Scholes for more technical discussion of this concept. A shorter timeframe until option expiration means there are fewer days of compounded volatility. So the expected change in the underlying will decrease geometrically. The odds are good that the price at T-5 days will be close to the price at T-0, much more so than the prices at T-30 or T-90. Additionally, the time value of an American option is the implicit put value (or implicit call). While an ""American"" option lets you exercise prior to expiry (unlike a ""European"" option, exercised only at expiry), there's an implicit put option in a call (or an implicit call in a put option). If you have an American call option of 60 days and it goes into the money at 30 days, you could exercise early. By contract, that stock is yours if you pay for it (or, in a put, you can sell whenever you decide). In some cases, this may make sense (if you want an immediate payoff or you expect this is the best price situation), but you may prefer to watch the price. If the price moves further, your gain when you use the call may be even better. If the price goes back out of the money, then you benefited from an implicit put. It's as though you exercised the option when it went in the money, then sold the stock and got back your cash when the stock went out of the money, even though no actual transaction took place and this is all just implicit. So the time value of an American option includes the implicit option to not use it early. The value of the implicit option also decreases in a nonlinear fashion, since the value of the implicit option is subject to the same valuation principles. But the larger principle for both is the compounded volatility, which drops geometrically."


RTFA >Noah places the high-water mark for unionism in the mid-1950s, when nearly 40 percent of American workers were either union members or “nonunion members who were nonetheless covered by union contracts.” In the early postwar years, even the Chamber of Commerce believed that “collective bargaining is a part of the democratic process,” as its then-president noted in a statement. >But, in the late-1970s, union membership began falling off a cliff, brought on by a variety of factors, including jobs moving offshore and big labor’s unsavory reputation. Government didn’t help either: Ronald Reagan’s firing of the air traffic controllers in 1981 sent an unmistakable signal that companies could run roughshod over federal laws intended to protect unions — which they’ve done ever since. >The result is that today unions represent 12 percent of the work force. “Draw one line on a graph charting the decline in union membership, then superimpose a second line charting the decline in middle-class income share,” writes Noah, “and you will find that the two lines are nearly identical.” Richard Freeman, a Harvard economist, has estimated that the decline of unions explains about 20 percent of the income gap.


For any type of commercial airconditioning repairs in Adelaide, get in touch with us, i.e. True Air Airconditioning Services. The reason why we are inviting you to contact only us is only we can understand the loss you might endure if this hindrance stays with you for a little longer. So, here you need not adjust anymore, call us now and see how quick we get over with this circumstance and let your business functions smoothly once again.


If you want to ensure that you stop paying interest, the best thing to do is to not use the card for a full billing cycle. Calculating credit card interest with precision ahead of time is difficult, as how you use the card both in terms of how much and when is critical.


At every moving/yard/garage sale I have ever seen only cash is accepted. While the use of electronic payments is growing the big problem is that it is hard to verify the exchange at the time the goods are changing hands. Unless you have a card reader attached to your phone, you can't use a credit or debit card. Unless you can verify that they did transfer the money electronically why would you let them walk away with your stuff? If you knew them you could accept a check, but there are risks with the checks bouncing.


The idea of government is a good idea... the organism of Humanity coming together to pick a single unified direction for itself. It's kinda like how I like to think our cells evolved to work together in such a unified manner. We just are still working out the kinks in our systems. IT hasn't really taken hold yet, will be fun to see what a technocracy looks like... soon.


Banks will usually look at 2 years worth of tax returns for issuing business credit. If those aren't available (for instance, for recently formed businesses), they will look at the personal returns of the owners. Unfortunately, it sounds like your friend is in the latter category. Bringing in another partner isn't necessarily going to help, either; with only two partners / owners, the bank would probably look at both owners' personal tax returns and credit histories. It may be necessary to offer collateral. I'm sorry I can't offer any better solutions, but alternative funding such as personal loans from family & friends could be necessary. Perhaps making them partners in exchange for capital.


This is a very good plan for our current fiscal situation. The problem as I see it, is that the die-hard Tea Partiers who want to curb gov't spending, bristle whenever you add the DOD to the equation. I also like the idea of giving those federal programs that would be better handled on the State level back to the States (ie HUD, Dept of Ed, ect...). You can still keep the cabinet level positions but allow them to sponsor and provide grants for research and advancements in those areas without attempting to micromanage them from Washington.


A computer is a special case because the IRS thinks that you might be using it for personal applications. You may need to keep a log, or be able to state that you also have another computer for non-business use. That said, if your schedule C shows a small profit then you don't need to itemize expenses, just state the total.


Jobmaster Magnets has nearly 25 years of experience in designing and engineering magnets for a wide variety of electromechanical applications. Whenever clients are in demand and looking for something beyond what is available off the shelf, having desire for customized magnets. Jobmaster Magnets also has the necessary expertise and equipment to customize magnets according to client specifications.


If a market is efficient then risk/reward should be linear. In simple markets like stocks and bonds, everyone thinks the same way and the risk/reward calculation is simple, so everyone can have an accurate idea of the risk/reward ratio, unless the company has serious undisclosed problems. But in other markets like derivatives and mortgage bonds, few people understand what they're buying so the risks remain hidden. Someone might think a company will do well, so they buy an derivative on that company. But no one understands risk/reward calculations on derivatives, so the risk/reward on the derivative could be way off the price on the derivative.


Judge this stock no differently than any other is the answer. Optimism isn't fact. http://clarkhoward.com/liveweb/shownotes/2007/06/06/12304/?printer=1 Now because you get to buy extremely low, and sell for probably higher and you believe in the stock, I'd say go ahead and purchase the stock, manage it for taxes with the advice of your advisor and get your portfolio rebalanced as soon as you can. That might admittedly be a year or more, but as you say you have time. Like any investment, don't spend money you can't lose.


Obviously you're missing that there is no house on the land so the cost comparison between a house and land isn't terribly valid. The land might not have connections to the municipal sewage/power/electrical and may need zoning changes and permits for those connections. You're missing that you don't know how to design and build a house so you'll need to hire people for those tasks; then live through the process, headaches, and probable budget overruns. Edit: You're also missing that lending for speculative land development is significantly different from lending for a single family home.


"Mortgage agreements usually have a clause in which the mortgagor warrants that all the statements and information which they have provided to the mortgagee are correct. In your case, this probably included your credit score. Since your ""statement"" concerning your credit score is no longer accurate, they want you to update the agreement with the new information before the final version is prepared. Credit scores change for many random reasons. The agencies re-calibrate formulas constantly. It is unlikely that your mortgage negotiations affected your credit score. The bank will only start reporting the facts of mortgage to a credit agency when you start paying (or not paying) the loan. Credit agencies don't care whether you have a loan or not. They only care whether you have paid your debts, or not paid them."


George Bush's first attorney general, 2000-2004, [held prayer meetings daily in the White House](http://www.aclu.org/religion-belief/ashcroft-holds-prayer-meetings-white-house). According to many of his underlings, if you didn't go to them you didn't get privileges and maybe even promotions, although that was hard to prove.


The name of this type of investment is Capital Guaranteed Investment, and yes they do exist, some financial institutions do offer them from time to time and they can be better than putting money in the bank. Unlike what someone else said, your money is not is not locked for the five years. You can take out your investment at any time, but if you do take your money out before the term (5 years in your mother's case) the capital gurantee is void. So you would only withdrawal your money if the investment is currently in proffit, because if it is at a loss when you go to withdrawal, you get hit with the loss. In many cases you will get a third party, usually a large bank, being guarantor for the capital guarantee, and they in turn get paid for this obligation.


Is there any restriction to transfer fund from NRO to NRO There are no restrictions on transferring funds from NRO to another NRO account. Is there any tax deduction for that? This would depend on the purpose of the transfer. There is no tax on account of transfer of money. There may be tax to the other NRO account holder.


A long straddle using equity would be more akin to buying a triple leveraged ETF and an inverse triple leveraged ETF, only because one side will approach zero while the other can theoretically increase to infinity, in a short time span before time decay hits in. The reason your analogy fails is because the delta is 1.0 on both sides of your trade. At the money options, a necessary requirement for a straddle, have a delta of .5 There is an options strategy that uses in the money calls and puts with a delta closer to 1.0 to create an in the money strangle. I'm not sure if it is more similar to your strategy, an analogous options strategy would be better than yours as it would not share the potential for a margin call.


"Terrible service, apathetic staff, horrible managers, absurd prices, and last-in-line status compared to other comparable food joints. The only good thing about bdubs is their sauce, and you can buy that for five dollars at the store and make your own food and not have to deal with their bullshit. Literally had this conversation with my girlfriend last week: Me: ""I want bdubs but it's wednesday and their wings are only even almost worth it on the tues/thurs specials."" Her: ""Also we always leave there in a bad mood because of the terrible service."" Me: ""Good point. Let's go to <local mom and pop burger joint>"" But no that's fine, blame millennials for your business model that has been dying for the past ten years. It's not your fault! The children are the ones who are wrong!"


Check cashing is not tax reportable. The way people pay income tax is by either withholding via an employer, self made payments, or when they file. Rather or not they cash their checks or where they do so has nothing to do with any of that.


A CD is guaranteed to pay its return on maturation. So if you need a certain amount of money at a specific time in the future, the CD is a more reliable way of getting it. The stock market might give you more money or less. More is obviously OK. Less is not if you're planning to pay basic expenses with it, e.g. food, rent, etc. Most retirement portfolios will have a mix of investments. Some securities (stocks and bonds), some guaranteed returns (CDs, treasuries), and some cash equivalents (money market, savings, and checking accounts). Cash equivalents are good for short term expenses and an emergency fund. Guaranteed returns are good for medium term expenses. Securities are good for the long term. Once retired, the general system is to maintain enough cash equivalents for the next few months of expenses and emergencies. Then schedule CDs for the next few years so that you have a predictable amount. Finally, keep the bulk of your wealth in securities. As you get older, your potential emergencies increase and your need for savings decreases, so the mix shifts more and more to the cash equivalents and guaranteed returns and away from securities. CDs have limited use prior to retirement (and the couple years right before retirement), mainly saving up for a large purchase like a house, car, or major appliance. Even there if you have the option of delaying the purchase, that might allow you to use securities instead. Perhaps some of your emergency fund in a short term CD that you keep rolling over. Note that the problem isn't so much that securities will fall. It's that they'll fall right when you need the money. So rather than sell 1% of your securities to meet your needs, you have to sell 2%. That's a dead weight loss of 1% that you have to deduct from your returns. That roughly matches the drop from the height of 2007 to the trough of 2009 of the S&P 500. And it was 2012 before it recovered. If in 2007, you had put the 1% of your portfolio in a two-year CD, you'd be ahead even at zero interest in 2009.


"In it's current state, maybe not. The biggest issue with me is scheduling deliveries for perishable items. I don't plan ahead like ""Okay, tomorrow I'm going to Kroger between 5pm and 7pm to get groceries."" We live in an age where the trend is ""I want what I want, I want it here, and I want it now."" Depending on where you're at, grocery delivery doesn't always allow for that. But imagine they perfect it to where you can decide between having Chinese delivered within an hour OR having a bag of groceries delivered within an hour (at an affordable price where the distribution costs are not price-prohibitive). To me at least, that would be the ideal scenario. It's getting closer especially in urban areas, but hasn't really been perfected/made consistent yet by any one delivery service."


"> Sure, it's more than 5 minutes to charge up a car. But that's offset by spending NO time waiting for the other 90% of your daily driving. Just plug in when you get home, and you've got a full ""tank"" of electricity every morning. We aren't talking about it being an issue when you are home. Not sure how you got that idea. The issue I had with it is long distances."


With non-GMO ingredients, health specs to meet and often a crazy hectic back of house/kitchen, I'm surprised they even stuck with it. I miss working there, but from what I'm told by former coworkers, the queso is a bigger hassle to make and serve than the chorizo. When I get back I hope to taste it and see if they made the right call.


"Lolol. Is it ""survival of the fittest"" or ""arbitrary luck and randomness"" that fates today's worker? Make your mind up. There isn't a political/social ideology ever that doesn't pair qualified people where they need to be. Really doesn't matter how passionate you are about being a doctor, if you are terrible at it, you can't be a doctor- this philosophy is not specific to ""evil, murdering capitalism"" it's consistent throughout. What you're talking about isn't a defined political or social ideology, it's Huggy-lovee-feefee Land."


"I'm working from 6am-2pm today (from home, since it's Saturday) and I'm on call from 2pm-4am tomorrow. If the phone rings at our company help desk at any time from 2pm-4am, I am expected to answer it or return the call promptly. I'm not paid for the entire time of 2pm-4am, but only for the time I'm ""on a call"" essentially. It was a shock when I found out that was the terms of the job (3 months in, there were dramatic changes in my schedule) and most of my friends seem to agree with me. Am I off base?"


If it were me, I'd be debt free today, Monday, at latest. 100K-(53K+31.2K) = 15.8K would be my bank balance by this afternoon. I am not sure why you would count 6K of your daughter's money as yours to use. Either it is her money, or yours, not both. If you still want debt, which I think is silly, you might try to refi your home with a home equity loan. That loan would be in first position, at a fixed rate, and for a fixed term. Regions bank did some thing like this for a person with excellent credit and plenty of equity. They got a 7 year loan at 2.6% when the prevailing interest rate on a 15 year was about a point higher.


"here's an all-too-common anecdote which gives me that impression: Executive summaries, PowerPoint etc. have slowly made most leaders slow and ineffective at dealing with change. I worked in a company that was adamant to continue to produce a DSL modem/Wifi Router/In-Room movie service box as their next product that would be installed per room into a Dslam on site in hotels. When I tried to explain to them people are just going to download porn online, cat-5 and a few Wifi routers are 1/10th the price and a Dlam is a pain in the troubleshoot over the phone they just ignored me. Why? Well they said they had been with the company for far longer, seniority was their excuse to drive a company into the ground. They never gave me one technical or analytical reason why their monstrosity of a project was actually worth pursuing, the actually thought they knew more about technology than their engineers, technicians and tech support because they had been sitting in rooms listening about technology at maybe a 10th grade level for 30 years. Every one of them had business degrees, even the CTO but that is not too bad on its own. It was the fact that they had never ventured out of their academic discipline. Their book shelves, if they had any, were filled with popular management books, self-help guides and dieting books. Oh man, sorry for the long rant, I hated that place. TL;DR: Management in MBA-led technical companies after a certain amount of time imho just becomes a bunch of deluded, self-righteous good old boys that will drive your company like 60 year old drunk frat boys at the wheel of a school bus. my background is in computational bio, which is close to economics math-wise. Let me do a play-by-play takedown of those things, and their dependency on context. 1) communicating with stakeholders How is this different from communication skills generally? stakeholders are not a homogenous group, so the statement is a derp. 2)negotiating goals much like the first, this is some ""communications"" herpderp. Key point is that understanding goal feasibility is dependent on experience with the system those goals measure, so this fake skill splits between expertise(as I mentioned) and bullshitting(aka ""communications""). 3)Developing a strategy falls under expertise because it is most essential to understand technical feasibility. You cannot delegate tasks well unless you understand exactly how to perform those tasks. 4)**leading** an organization to accomplish said goals. the first word made your definition recursive, sweetie"


While volume per trade is higher at the open and to a lesser extent at the close, the overall volume is actually lower, on average. Bid ask spreads are widest at the open and to a lesser extent at the close. Generally, bid ask spreads are inversely proportional to overall volumes. Why this is the case hasn't been sufficiently clearly answered by academia yet, but some theories are that


"Target Date Bond ETFs: Best or Worst Fixed Income Funds? references a product at least in terms of being a bond fund that exists, Target Date Bond ETFs. While the article is a bit old as it came out 7 months ago, ""AMT Free Municipal Bonds by iShares"" would be the product to explore and see if the ticker exists. Shares Launches 2018 Muni Bond ETF may be the product you want assuming a 5 year time frame as the final date referenced in the article is Aug. 31, 2018 approximately. Remember to do your own research but this would seem to be what you wanted."


"https://www.fool.com/investing/general/2013/07/30/2-types-of-risk-2-types-of-bubbles.aspx (mirror): The Wall Street Journal reviews: What Mr. Bernstein calls ""shallow risk"" is a temporary drop in an asset's market price; decades ago, the great investment analyst Benjamin Graham referred to such an interim decline as ""quotational loss."" ""Deep risk,"" on the other hand, is an irretrievable real loss of capital, meaning that after inflation you won't recover for decades -- if ever. So quotational loss = loss not explained by change of actual value of a firm."


I would strongly encourage you to either find specifically where in your written contract the handling of early/over payments are defined and post it for us to help you, or that you go and visit a licensed real estate attorney. Even at a ridiculously high price of 850 pounds per hour for a top UK law firm (and I suspect you can find a competent lawyer for 10-20% of that amount), it would cost you less than a year of prepayment penalty to get professional advice on what to do with your mortgage. A certified public accountant (CPA) might be able to advise you, as well, if that's any easier for you to find. I have the sneaking suspicion that the company representatives are not being entirely forthcoming with you, thus the need for outside advice. Generally speaking, loans are given an interest rate per period (such as yearly APR), and you pay a percentage (the interest) of the total amount of money you owe (the principle). So if you owe 100,000 at 5% APR, you accrue 5,000 in interest that year. If you pay only the interest each year, you'll pay 50,000 in interest over 10 years - but if you pay everything off in year 8, at a minimum you'd have paid 10,000 less in interest (assuming no prepayment penalties, which you have some of those). So paying off early does not change your APR or your principle amount paid, but it should drastically reduce the interest you pay. Amortization schedules don't change that - they just keep the payments even over the scheduled full life of the loan. Even with prepayment penalties, these are customarily billed at less than 6 months of interest (at the rate you would have payed if you kept the loan), so if you are supposedly on the hook for more than that again I highly suspect something fishy is going on - in which case you'd probably want legal representation to help you put a stop to it. In short, something is definitely and most certainly wrong if paying off a loan years in advance - even after taking into account pre-payment penalties - costs you the same or more than paying the loan off over the full term, on schedule. This is highly abnormal, and frankly even in the US I'd consider it scandalous if it were the case. So please, do look deeper into this - something isn't right!


I grew up with records. I hated them. I still hate them today. Spend big money on some music and have it wreaked by bumping the needle. This was common in the past. The bad old days are still the bad old days.


Thanks for the link. The way I interpretet is like this: IPOs are underpriced to make sure they will sell all the shares to the market, avoiding lose of face. (short term andslide 4) But that doesn't mean it is a good investment in the long run, because these companies have their reasons to go public, and one of those reasons could be that they think the market is overpricing stocks (long term and slide 5) There are of course other reasons, one of them to finance the business. By the way, I think the data is heavily skewed because of the dotcom crash, but interesting nonetheless.


"For starters like some other people have said, just talk to someone in IB and get some advice on how to break in, and what it's really like. I've spoken to people in IB and learned that it's really just not going to be for me...In response to your four questions, 1. Get your degree at DePaul and wait a few years to get your masters. You don't need an MBA for IB and it'll be a lot harder to go to a prestigious grad school without significant work experience and a solid network 1. It definitely wouldn't hurt for you to double major in CS, but if you do, you're going to have to keep your grades up, and still stay sharp in both majors. You don't want to have a 3.0 and have both, it'll kill your chances. You're going to need at LEAST a 3.8, if you're under that it's gonna be a lot harder to get anywhere. 1. If there are other industries you want to turn to then sure! I used to be interested in IB but now I'm leaning more towards private equity, and working with Reg D. clients, 1031 exchanges etc. 1. NETWORK!!!! If you aren't already, seriously get out there and network like hell. But don't just cold call random people, you really need to make meaningful connections with people, and continue to stay in contact with them. You can also learn a lot from WSO and various IB books, guides etc, I have a bunch of that stuff on my google drive from a friend if you want it. And some general tidbits **Don't stress about the school you go to**...going to a prestigious school really does help, but if you work hard enough, make the right connections and are good at what you do, you can land a role in IB. I know several people that have gone into IB from my school and I would consider us maybe a Grade C state school. It's possible I'd also recommend looking more at a boutique and middle-mark companies rather than your Bulge Bracket banks, it'll have less competition and could be easier to break into, and like some other people are said you really need to get that junior year internship if you want to make it into IB. But if you can't get into IB right after school don't fret, go somewhere, get some experience, get your certifications (Series 7, Series 63 etc) and try again. **Know your technicals** you need to be able to walk through a DCF, an LBO and all of the financial statements in an interview. There are billions of guides on how to do this, but you need to know this. **Stay on top of current events** Just be well versed in how the market is doing, which industries are hot right now and what's not, and WHY! **Know your story** Believe it or not, but your story and how that aligns with a companies culture is really important. I have a friend that didn't make it into a certain firm solely because they just didn't think he was a good enough fit for their culture. ""I want to make a lot of money"" won't work, instead think more along the lines of ""I want to challenge myself"" Good luck man"


I'm not an expert in the field, but I'm pretty sure they *do*, its just that the customers arent us, but rather the landlords/cc companies/car dealerships/etc. who pay them for credit checks. Those parties do choose to do business with them and have alternatives.


Letting the free market run its course, so the best, most efficient product that's best for consumers will prosper. What an **awesome** idea. But alas, this is Reddit where they complain about SOPA/PIPA and the NDAA but believe in voting in lawmakers that want to expand the governments role in private enterprise/life.


You are not limited in these 3 choices. You can also invest in ETFs, which are similar to mutual funds, but traded like stocks. Usually (at least in Canada), MERs for ETFs are smaller than for mutual funds.


What secular religious wannabe non-sense. Sure some things are random and you have the same chance as the next guy all other things considered equal, but the chances of all other things being equal is nil to zero. Luck is an illusion of probability, and it's better to shape those odds in your own favor than not. You say as much in your post, so why even argue with me about it?


Lets make some assumptions. You are not close to retirement. You have no other debts. You have a job. You have no big need for the money. You should invest that. Do not invest with a bank, they are not as competitive on fees as a brokerage account. You can get specific answers that are different from every person, (so you should dig in and research a lot more if you care (and you should). Personally, I would suggest you open an account with one of the low cost providers. Then, with that new investment account, put your money into a target retirement account. File your statements away and tend to it once a year. (Make sure it is there, that you can access it, that nothing alarming is going on). You certainly have enough to start an investment account. If you want to get more into it, ask a phone adviser what you should open. Finally, before you start investing, make sure you follow the advice of radix07 and have no debt, saving the most you can for retirement. A rule of thumb is your money will double every 72 months. Congratulations, you are a saver. Investing isn't for you as the risk of investing is in conflict with your desire to preserver you money. Open a savings account or high interest checking account with a credit union, online only or local community bank. Shop around no the web for the highest interest. Don't get your hopes up though, the highest rate you see (that doesn't have strings attached) won't be much here late summer of 2012.


Permanent employees are the distinct opposite of contractors. Upwork can easily have business entities (limited liability company equivalents) in multiple countries, and it can make payments between them. Or they can merely use existing payment infrastructure (paypal, amazon) to accomplish the same thing. Their corporate structure is a red herring and most likely unrelated to what they've accomplished.


According to the gnucash guide, losses are recorded as negative transactions against Income:Capital Gains. I've followed this model in the past when dealing with stocks and commodities. If on the other hand, you're talking about an asset which could normally follow a depreciation schedule, you might want to look at the section in the business guide dealing with asset depreciation.


With enough money in the emergency fund to get rid of the car and still have a cushion, I would definitely get rid of it, as the car is not needed. Your car is only going down in value, which makes the current setup even less desirable. In essence, you are paying over $300 a month for something that, every month, is worth less and less. Since you are paying over $300 a month and it will take about $3000 from your emergency fund to get rid of the car, if you start putting that $300+ back in the emergency fund, in a mere 10 months you will have replenished the emergency fund.


I haven't seen anyone mention tax considerations and that's why I'm answering this. The rest of my answer is probably covered in the aggregate of other responses. Here's how I would look at this in a taxable (not an IRA) account: This could be an opportunity to harvest the tax losses to offset taxable gains this year or in future years. Unless I have compelling reasons to believe that the price will recover by at least (Loss% x ApplicableTaxRate) in the next 31 days then I would take the known - IRS tables - opportunities over the unknown. Here's what I would consider for all accounts: Is this the most likely place to earn a good return on my money and is it contributing to a strategy that fits my risk tolerance? You might need to get some emotional distance from the pain to make this determination objectively. As you consider your trading and investment strategy going forward consider that when it hurts and you have to pull yourself up by the bootstraps to think clearly about your situation, you were most likely trading with too much size for you in that particular position. I'm willing to make exceptions to that rule of thumb, but it's a good way to use the painful losses as a gut check on how your strategy fits your real situation. P.S. All traders experience individual losses that hurt and find their way to the most suitable strategies for them through these painful experiences.


The simple truth is, that the one that had to the most to gain is the one responsible and all else is misdirection. So who gained the most and who actually had the ability and motivation to pull it off? Lets see . .Zukerberg runs face books . . . he is a jew Donald Trump's bankrupt son in law, kushner, is now in the White house call he shots in the middle east deal and his family making money from the influence . .they are jews Israel is happy with their new F-35s, a promise to relocate the US embassy to Jerusalem, a hard line against Iran, that Nathanyahu keeps grinning like a jack ass . .they are jews The Jews long lost calf worshiping Indian cousins are now the darling of America. So getting this imbecile Donald trump in the White house has benefited the Jews the most and he has been bankrupt a number of times so he is surely their bitch on a long term basis. They have control of the media as well as the Fed and the Treasury. So they had the means, the motivation, benefited from it and put the blame of putting the biggest monkey that America could find in the White house on Russia, which never had the means to rig the election. And we all know who controls all the Big media houses and manages public perception Finally, if you want to lose your account, go down to /r/worldnews and just say something anti-Israel and your are done. But . .It was obviously the Russians


Ok go ahead and make a site like this and see how it does. Realistically nobody wants to sacrifice their own internet browsing speeds to remove a couple of skippable & blockable ads. It'd be great if gigabit fiber was available nationwide, but it isn't even close. 30% of households still have DSL. Your tech solution relies on building blocks that don't exist, and compromises that people don't want to make. Changing stuff over to P2P would require a massive infrastructure investment alongside with a rethinking of common web development principles. Before you go trying to reinvent the wheel, learn what pi is. The ad-based model works. The subscription-based model also works. Many sites are switching to a combination of the two. Servers allow for centralized updating of your content. The only broken thing is that ads aren't perfectly targeted to individual users, which is changing. If you don't want to see any ads, pay the website a subscription.


"You might want to read about about the Coase Theorem. ""In law and economics, the Coase theorem, attributed to Ronald Coase, describes the economic efficiency of an economic allocation or outcome in the presence of externalities. The theorem states that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights. In practice, obstacles to bargaining or poorly defined property rights can prevent Coasian bargaining."" This is similar to what you are asking. Each country has an endowment of gold, and they must create a set amount of money to represent their endowment of gold. This will establish an exchange rate. If I have 5 tons of gold and you have 5 tons, and I print 10 dollars and you print 20, then one of my dollars is worth two of your dollars. Thus, the amount of money is not relevant- it's the exchange rate between the countries. If all the nations know each other's gold endowment, then we will have a perfect exchange rate. If we don't, then currency printing will vary but arbitrage should drive it to an accurate price. Gold and diamonds are both valuable in part due to scarcity, but gold has been used as a measure of value because it's been historically used as a medium of exchange. People just realized that swapping paper was safer and cheaper than physically transporting gold, but the idea of gold as a measure of value is present because ""that's how it's always been."" Nobody ""creates/supervises"" these procedures, but organizations like the IMF, ECB, Fed Reserve, etc implement monetary policy to regulate the money supply and arbitrage drives exchange rates to fair values."


Why would such a large discount make business sense to the restaurant? The legit reasons could be; Or can I assume that the restaurant is trying to avoid leaving a paper trail so that they could avoid paying tax? The illegal reasons could be;


"Hit you local library and pick up a copy of ""Critical Business Skills for Success"" by The Great Courses. It's a 30 hour audio book, but is an amazing business crash course. I wish I would have found it before trying (and failing) my own business."


I think you can. I went to Mexico for business and the company paid for it, so if you are self employed you should be able to expense it.


I don't know when you last returned something at Walmart, but waiting in that line can take up to a half hour. This is a big deal IMO, especially since Amazon has a crappy return policy compared to Walmart.


">Of course; the generation Xers are those in the age range where many were approaching the time when they would, but had not yet, transferred the bulk of their retirement savings to lower risk investments. **Your analysis is WAY off-base.** Gen X was more than a DECADE AWAY from even *thinking* of switching to ""lower risk investments"". The OLDEST Gen X'ers were born in 1964 and have (just now) turned 48 -- they were (at most) 44 years old in 2008 when the market crashed. The YOUNGEST Gen X'ers were born circa 1981-82, and (just now) have reached age 30 -- they were just getting started in their careers (around age 26) in 2008 when the market crashed. The MAJORITY of Gen X'ers were -- in 2008 -- in their mid 30's. NO ONE switches to ""low risk investments"" in their mid 30's. --- No, the only Gen X'ers who DIDN'T get ""screwed"" by the market crash were either: 1. Savvy enough to have SEEN the bubble & crash coming and so got OUT of the stock market and/or housing; or... 2. Waited out the storm & sat tight -- and allowed their market holdings to both crash and then rebound (though they would still largely be ""down"" from where they were at peak 2008, they wouldn't have suffered huge losses)."


Take a look inside of most food manufacturing facilities, and you will have a similar opinion. You ever eat at Mc Donalds? Guess what, same kind of shit going into those patties. The only reason that you say you wouldn't feed it to a dog is likely because of the things that the media was saying about it at the time it was being reported on. Hence, the lawsuit. Not trying to bash, but seriously, this is not an isolated incident of a company using things that people wouldn't consume if they knew the ingredients.


According to glassdoor and my own recruiting salaries and benefits are quite different. For example, PWC has about 1200 consulting partners and the average compensation is $600k/year. Accenture Director/VPs are nowhere near that. Senior Manager positions at Accenture top out at 175, while the same position at KPMG pays 225-250. People don't choose Accenture over Deloitte/EY/PWC/etc. Most tellingly, the average bill rates at Accenture are quite lower than big4. Public firms cannot compete with private firms in compensation. A final example, Accenture bonuses above $20k are rare for Manager/Senior Managers. At big4 25-40k bonuses were commonplace these past few years, and these were bad years. Oh yeah, vacation at big4 is 6 weeks, Accenture is only 5. Etc. etc.


This is inside the special economic zone. There are lots of wholly owned European/US companies that do the same (though no car maker as of yet). This means Tesla has to pay the same import tariff as if the car was build in the US. They also have to pay the US/EU import tariff if they ship it back to the US/EU from there. Super strange arrangement if you ask me. China can only win with these rules. Either the product is made in China and there is 25% tariff or the product is made in China and some Chinese company owns 50% of it.


http://i.imgur.com/qvayKiB.jpg I bet many mathematicians would tell you that learning math makes you a better investor. And programmers would tell you that learning how to code makes you a better investor. And similarly for [biologists](https://www.bloomberg.com/news/articles/2017-07-20/hedge-fund-quant-posting-21-return-says-biology-is-secret-sauce) and sociologists and psychologists and [linguists](https://tepper.cmu.edu/-/media/files/tepper/extranet/academic%20programs/phd/dissertations/gao%20dissertation%20pdf.pdf) (PDF). Admittedly I have my own preconceived notions about [literary criticism](http://xkcd.com/451/), but I'd be tempted to believe the argument of an expert in any of those fields over a literary critic's.


Good lord. Talk to a liberal about government waste and all of a sudden the conversation shifts to the meaning of fkn life. Waste is a very simple concept. Educate yourself. https://goleansixsigma.com/8-wastes/ > What is Waste? > Waste is any step or action in a process that is not required to complete a process (called “Non Value-Adding”) successfully. When Waste is removed, only the steps that are required (called “Value-Adding”) to deliver a satisfactory product or service to the customer remain in the process. > What are the 8 Wastes? > Defects – Products or services that are out of specification that require resources to correct. > Overproduction – Producing too much of a product before it is ready to be sold. > Waiting – Waiting for the previous step in the process to complete. > Non-Utilized Talent – Employees that are not effectively engaged in the process > Transportation – Transporting items or information that is not required to perform the process from one location to another. > Inventory – Inventory or information that is sitting idle (not being processed). > Motion – People, information or equipment making unnecessary motion due to workspace layout, ergonomic issues or searching for misplaced items. > Extra Processing – Performing any activity that is not necessary to produce a functioning product or service.


Unless you are getting the loan from a loan shark, it is the most common case that each payment is applied to the interest accrued to date and the rest is applied towards reducing the principal. So, assuming that fortnightly means 26 equally-spaced payments during the year, the interest accrued at the end of the first fortnight is $660,000 x (0.0575/26) = $1459.62 and so the principal is reduced by $2299.61 - $1459.62 = $839.99 For the next payment, the principal still owing at the beginning of that fortnight will be $660,000-$839.99 = $659,160.01 and the interest accrued will be $659,160.01 x (0.0575/26) = $1457.76 and so slightly more of the principal will be reduced than the $839.99 of the previous payment. Lather, rinse, repeat until the loan is paid off which should occur at the end of 17.5 years (or after 455 biweekly payments). If the loan rate changes during this time (since you say that this is a variable-rate loan), the numbers quoted above will change too. And no, it is not the case that just %5.75 of the $2300 is interest, and the rest comes off the principle (sic)? Interest is computed on the principal amount still owed ($660,000 for starters and then decreasing fortnightly). not the loan payment amount. Edit After playing around with a spreadsheet a bit, I found that if payments are made every two weeks (14 days apart) rather than 26 equally spaced payments in one year as I used above, interest accrues at the rate of 5.75 x (14/365)% for the 14 days rather than at the rate of (5.75/26)% for the time between payments as I used above each 14 days, $2299.56 is paid as the biweekly mortgage payment instead of the $2299.61 stated by the OP, then 455 payments (slightly less than 17.5 calendar years when leap years are taken into account) will pay off the loan. In fact, that 455-th payment should be reduced by 65 cents. In view of rounding of fractional cents and the like, I doubt that it would be possible to have the last equal payment reduce the balance to exactly 0.


In a previous life, I used to work for a local ISP and worked on prototyping, building, and implementing Canada's first mobile Wi-Fi distribution network for public transit. In the first year of deployment, (unofficially) ridership increased by roughly approximately something like 300% (can't give actual figures, but it's been hovering around that figure). We decided to backhaul it on a 2mbit/s HC-SDMA network for its beam-forming and spatial multiplexing which, again - unofficially, can push its full pipe worth of data (2mbit/s) while travelling at speeds over 160km/h (this was fun to test) without so much as a single dropped frame or CRC error. Not AMA-material, but I think that the push for mobile data in consumer electronics has really bolstered the business model (and bottom line) for incumbents like public transit and long-distance busing.


"From the article: ""Then, there’s the FCC’s new advisory panel. As The Daily Beast notes, Pai has filled the 30-person Broadband Deployment Advisory Committee (BDAC) with 28 reps from telecoms companies, and just two from local cities. The committee was supposed to work out how cities and companies can work together best to deploy high-speed wireless internet; instead, it will likely be a list of telecoms industry wishes that the FCC will use its power to push through local government."""


A simple example of a motherhood statement we would have all heard in a version of our proposal documents is, “To be delivered to the highest quality standards, whilst providing mutually beneficial outcomes to all parties”, it might just pass the BS test in a Mission Statement but does not cut it for a winning proposal.


$34/month for doing 12 transactions or more. If your time is worth less than about $2.50 per transaction, then it makes sense. I'd also check to see what happens if you miss and make only 11 transactions one month. Do you lose a finger or something? Or (less dramatically) do they take away your nice rate forever or slap you on the wrist financially? The fine print taketh away in these deals. I'd be sure to see what it says.


In the US, for most mortgages: The rules for how you compute LTV vary. Usually it's based with current value. With FHA loans, you cannot have the property re-assessed -- LTV is based on the original loan amortization. Note that in the wake of the housing crisis, assessors have suddenly become very conservative with valuations, so be prepared to fight over the valuation.


22 June 2016 would have been the time to do this. Nobody on here can tell you what GBP/EUR will do in the next few months and years now. Brexit is going to happen, which implies lower UK growth and consequently a lower path for GBP interest rates, but this is all already priced in. If you believe the UK economy will underperform current forecasts and/or the euro-area economy will outperform current forecasts, that may imply there's scope for further GBP depreciation. If you believe the probability of a further political shock from a 'no deal' Brexit is materially higher than the market thinks, the same is true. But the opposite of these things could happen also. I would worry less about playing the currency markets as a retail investor and more about what currency your outgoings are denominated in. You live in Spain. Do you have significant GBP expenses or liabilities, or do you expect to have them in the future? If not, why are you taking currency risk by holding GBP balances? Whereas if you do - e.g. if you plan to move (back?) to the UK in the near future - then it makes more sense.


Any business that can't generate enough cashflow to pay their employees a living wage is a shity business. Unemployment is down and minimum wage has gone up and yet there is still a record number of job openings. This disproves your bullshit. People are not products.


The optimal down payment is 0% IF your interest rate is also 0%. As the interest rate increases, so does the likelihood of the better option being to pay for the car outright. Note that this is probably a binary choice. In other words, depending on the rate you will pay, you should either put 0% down, or 100% down. The interesting question is what formula should you use to determine which way to go? Obviously if you can invest at a higher return than the rate you pay on the car, you would still want to put 0% down. The same goes for inflation, and you can add these two numbers together. For example, if you estimate 2% inflation plus 1% guaranteed investment, then as long as the rate on your car is less than 3%, you would want to minimize the amount you put down. The key here is you must actually invest it. Other possible reasons to minimize the down payment would be if you have other loans with higher rates- then obviously use that money to pay down those loans before the car loan. All that being said, some dealers will give you cash back if you pay for the car outright. If you have this option, do the math and see where it lands. Most likely taking the cash back is going to be more attractive so you don't even have to hedge inflation at all. Tip: Make sure to negotiate the price of the car before you tell them how you are going to pay for it. (And during this process you can hint that you'll pay cash for it.)


Here are some other things to consider:


>$1,000 worth of electricity to generate The cost of Bitcoin always tracks the price of Bitcoin. There is a fixed amount of Bitcoin available to be mined every day. The cost to mine bitcoin rises because of competition (they increase the difficulty of the problems to maintain a fixed supply of Bitcoin). The electricity cost to mine Bitcoin is directly related to the amount of miners, which is directly related to the current cost of Bitcoin. More people want to mine when the price is high. If you really think about it, what you are really saying is that the intrinsic value of bitcoin is the value of Bitcoin. Its a completely circular mirage.


In my opinion, every person, regardless of his or her situation, should be keeping track of their personal finances. In addition, I believe that everyone, regardless of their situation, should have some sort of budget/spending plan. For many people, it is tempting to ignore the details of their finances and not worry about it. After all, the bank knows how much money I have, right? I get a statement from them each month that shows what I have spent, and I can always go to the bank's website and find out how much money I have, right? Unfortunately, this type of thinking can lead to several different problems. Overspending. In olden days, it was difficult to spend more money than you had. Most purchases were made in cash, so if your wallet had cash in it, you could spend it, and when your wallet was empty, you were required to stop spending. In this age of credit and electronic transactions, this is no longer the case. It is extremely easy to spend money that you don't yet have, and find yourself in debt. Debt, of course, leads to interest charges and future burdens. Unpreparedness for the future. Without a plan, it is difficult to know if you have saved up enough for large future expenses. Will you have enough money to pay the water bill that only shows up once every three months or the property tax bill that only shows up once a year? Will you have enough money to pay to fix your car when it breaks? Will you have enough money to replace your car when it is time? How about helping out your kids with college tuition, or funding your retirement? Without a plan, all of these are very difficult to manage without proper accounting. Anxiety. Not having a clear picture of your finances can lead to anxiety. This can happen whether or not you are actually overspending, and whether or not you have enough saved up to cover future expenses, because you simply don't know if you have adequately covered your situation or not. Making a plan and doing the accounting necessary to ensure you are following your plan can take the worry out of your finances. Fear of spending. There was an interesting question from a user last year who was not at all in trouble with his finances, yet was always afraid to spend any money, because he didn't have a budget/spending plan in place. If you spend money on a vacation, are you putting your property tax bill in jeopardy? With a good budget in place, you can know for sure whether or not you will have enough money to pay your future expenses and can spend on something else today. This can all be done with or without the aid of software, but like many things, a computer makes the job easier. A good personal finance program will do two things: Keeps track of your spending and balances, apart from your bank. The bank can only show you things that have cleared the bank. If you set up future payments (outside of the bank), or you write a check that has not been cashed yet, or you spend money on a credit card and have not paid the bill yet, these will not be reflected in your bank balance online. However, if you manually enter these things into your own personal finance program, you can see how much money you actually have available to spend. Lets you plan for future spending. The spending plan, or budget, lets you assign a job to every dollar that you own. By doing this, you won't spend rent money at the bar, and you won't spend the car insurance money on a vacation. I've written before about the details on how some of these software packages work. To answer your question about double-entry accounting: Some software packages do use true double-entry accounting (GnuCash, Ledger) and some do not (YNAB, EveryDollar, Mvelopes). In my opinion, double-entry accounting is an unnecessary complication for personal finances. If you don't already know what double-entry accounting is, stick with one of the simpler solutions.


it's kind of like a circular loop: i think he would suggest identifying strategies/portfolio managers who have demonstrated outperformance in a persistent manner. Thing is, that's also really hard to do. I think empirically, MPT suffers when the market does. By diversifying, you'll only be down less. He's suggesting shooting for absolute returns -- no matter what the market does, he wants to see positive gains. (a lot) easier said than done


In 2008, 10 year treasuries were up 20.1%, to gold's 4.96%. Respectfully, if I were certain if a market drop, I'd just short the market, easily done by shorting SPY or other index ETFs. If you wish to buy gold, the easiest and least expensive way is to buy an ETF, GLD to be specific. It trades like a stock, for what that's worth. There are those who would suggest this is not like buying gold, it's just 'paper'. I believe otherwise. It's a non leveraged, fully backed ETF. I try not to question other's political or religious beliefs or as it pertains to this ETF, their conspiracy theories.


"> I really like the story behind Groupon because it is a great example of the things we repeat on this subreddit so much. Start local, and make a minimal viable product. So, where did they steal this from? Edit: Found it. There's a ""Credit"" link all the way at the bottom. https://www.reddit.com/r/Entrepreneur/comments/2clqa3/how_startups_such_as_dropbox_airbnb_groupon_and/?st=j2cd1q2l&sh=0df6a64a"


What do you this hypothesis? The A-hole logic might by the flip side of our leadership culture. We are constantly being told to work on our leadership skills. But how many of us ever work on our followership skills. Not many--the very name triggers spellcheck. The reality is that most of us can't afford to be autonomous and independent and the A-holes are successful because they do the job for us, albeit unpleasantly.