"In case other people arrive at this page wondering whether they should enable automatic reinvestment of dividends and capital gains for taxable (non-retirement) accounts (which is what I was searching for when I first arrived on this page): You might want to review https://www.bogleheads.org/wiki/Reinvesting_dividends_in_a_taxable_account and http://www.fivecentnickel.com/2011/01/26/why-you-shouldnt-automatically-reinvest-dividends/. The general idea is that--assuming you plan to regularly manually rebalance your portfolio to ensure that all of the ""pieces of the pie"" are the relative sizes that you want--there are approaches you can use to minimize taxes (and also fees, although at Vanguard I don't think that's a concern) if you choose a ""SpecID cost basis"" and manual reinvestment. Then you can go to ""Change your dividends and capital gains distribution elections"" at https://personal.vanguard.com/us/DivCapGainAccountSelection."


Considered that in Italy even no-profit hospitals are not tax exempt, I also see no reason to exempt *any* property of the Church. However, it is not so easy. In a historical and legal perspective, keep in mind that in Italy the Roman Catholic Church is not an entity like the others. [Treaties](http://en.wikipedia.org/wiki/Concordat) between the Vatican and Italy exist.


Good questions. I can only add that it may be valuable if the company is bought, they may buy the options. Happened to me in previous company.


Good on 'em! I recently swapped out my old Galaxy S5 for a new LG, and I have to say that the Galaxy's reputation as an industry leader is well-deserved. The LG does a lot of things better than my old Galaxy, but it has many more design flaws and stupid bullshits and in general, I preferred the Galaxy, me not being much of a technophile.


"> And moreover there is no way that Sculley would have known about Sony's patent application until after it was issued (which I believe was in circa 1970, by which time Sculley would have been 30+ years old). Why would he have had to have known about Sony's patent application. He explicitly stated he *didn't* know about it until after it was awarded. > And if you go with the OTHER version of this story -- that it wasn't a ""Trinitron"" but rather the ORIGINAL ""Color TV"" idea... well, then it becomes even LESS plausible... Huh... it was neither. It was *a* color CRT design that bore a striking resemblance to what became the Trinitron display and certainly could have been considered prior art for some of the relevant patents. > Pretty much like the rest of Sculley's claims regarding his ""technology ideas"" and inventions -- it's all retconned bullshit that was come up with during/after his time at Apple in order to make him look/sound like someone other than a ""carmel-colored sugar-water marketing guy"". The point isn't that Sculley was some genius inventor. He wasn't some master visionary who could predict the future. He sure wasn't going to build an Apple II in his garage. He clearly wasn't any of those things... then again, neither was Steve Jobs. What Sculley did have though a talent and an abiding interest in technology and certainly understood it far more thoroughly than ""some caramel-colored sugar-water marketing guy"" (let's assume for a moment his TV design was complete crap and unoriginal... how many kids his age do you think were even coming up with crappy, unoriginal TV designs, and how many of those went on to become marketing guys?). He could reason and understand about technology, its potential, and its impact in a way that a lot of CEO's at the time couldn't. That ability to hear all the technical ideas (and I'd really love to see the part where he claimed credit for these inventions... because I sure haven't noticed that from *any* of Apple's CEO's before, even Jobs) in development by a multitude of others and synthesize a realistic model of how the market would all come together with enough certainty to act on it is exactly what most CEO's suck at. If you want to talk about BS mythologies, let's talk about the notion that the only CEO Apple had that understood technology was Steve Jobs."


Kudos to you on having money in a retirement account as early as after college. Many people don't start investing towards retirement until far to late and compound interest makes a major difference in those early years. Ideally, neither withdraw nor borrow from these accounts. Withdrawing from your 403b will incur a 10% penalty unless you are over the minimum age on top of the normal tax on that income. With a 401K loan you're putting yourself at risk if you run into a situation where you can't pay the loan back of incurring the same penalties as an early withdrawal. This article covers the concerns well. In general, you want to view your retirement money as untouchable until the distributions need to start coming in retirement. It's your future in there. Of course, this doesn't help the short term cash need. Do you have money in an emergency fund somewhere? Could a relative loan you money? Can you move to a less expensive place in advance and squirrel away some of what would have been your rent cash? Can you cut back to bare necessities and do the same? Do you have some nice stuff sitting around that you could sell to make up that needed cash? Will your current employer pay out unused vacation or are you getting any severance from this situation? Will you qualify for unemployment? I other words, think about what you would do to get the money if your retirement accounts weren't there. Then do that - as long as it's legal and doesn't involve running up debt on high interest lines of credit - instead of borrowing against your future.


A hematology analyzer is very useful as doctors have used routine blood testing to monitor every type of health condition, from hormone levels to glucose and various vitamin deficiencies. And it comes as no surprise that as awareness level amongst the masses rises; a growing fraction of the general population is making its way to blood test clinics to improve their overall health. This makes the use of hematology analyzers to run tests on blood samples more celebrated.


"Now, how many seats was JetBlue actually able to sell at that price? They sold out every flight almost immediately after announcing this. Everyone is shitting on American for charging >1K for ticket prices. These are full fares that are normally sold less than 1% of the time. Optimally, airlines never seek 100% of their seats, they try to sell about 90-95% and save the rest of the seats for business travelers going somewhere last minute or for passengers that had an emergency on the other side of the country. Because there were so many flight cancellations, and virtually no seats available anywhere, the algorithms were trying to ""protect"" that availability for walk-up ticket purchases."


It definitely depends on your risk appetite as Joe Taxpayer pointed out in his answer. Covered calls are a good choice for someone who already own's the stock, because the premium collected reduces the cost basis for the position. The downside is that if the calls are exercised, there is a good chance that you are missing out on additional upside in the stock price (because the strike is obviously below the market value for the stocks). Another good option trade is the spread option. This would allow you to capture the difference between the two strikes of the options in the spread. This is also one of the less risky choices because your initial cost an potential profit/loss are known in advance of entering the position.


Do all/most unit trusts have equalisation policy? It is really that some value of the fund is given to the investor, so the fund value goes down by that much per unit. It depends on the type of mutual funds. For example, there are growth type mutual funds that do not give any dividend and the total value of the fund is reflected in its price. Do the companies whose stocks we owned directly apply equalisation policy on their dividends as well? Why not? As far a stock price is concerned, it usually decrease by the same amount of the dividend payout at ex-date, so in effect, the market in a way does the equalization, the company directly does not do it.


By exploiting institutional investors, HFT does hurt small investors. People with pension, mutual, and index funds get smaller returns. Endowment funds are also going to get hurt which hurts hospitals, schools, charities, and other institutions that work for the public good. I agree with you though. At this point we would likely be just arguing semantics.


"The most fundamental answer is that when you short a stock (or an ETF), you short a specific number of shares on a specific day, and you probably don't adjust this much as the price wobbles goes up and down. But an inverse fund is not tied to a specific start date, like your own transaction is. It adjusts on an ongoing basis to maintain its full specified leverage at all times. If the underlying index goes up, it has to effectively ""buy in"" because its collateral is no longer sufficient to support its open position. On the other hand, if the underlying index goes down, that frees up collateral which is used to effectively short-sell more of the underlying. So by design it will buy high and sell low, and so any volatility will pump money out of the fund. I say ""effectively"" because inverse funds use derivatives and contracts, rather than actually shorting the underlying security. Which brings up the less fundamental issue. These derivatives and contracts are relatively opaque; the counter-parties are in it for their own benefit, not yours; and the people who run the fund get their expenses regardless of how you do, and they are hard for you to monitor. This is a hazardous combination."


"As trane_0 suggested above, I am not questioning the validity of the study by Kenichi Ueda and Beatrice Weder Di Mauro. I don't doubt that there is some discount to the risk premium demanded in the market for the debt of systemically important banks. What I am doubting is that this is a ""subsidy"" by the US government. This is a ""subsidy"" by bond investors, not the US government. Additionally, it is based on the assessment of risk by those investors as there is no explicit guarantee by the US government (see Lehman Brothers and Bear Stearns). There is no transfer of wealth by the US government and therefore there is no active subsidy."


A lot of people use dividend stocks as a regular income, which is why dividend stocks are often associated with retirement. If your goal is growth and you're reinvesting capital gains and dividends then investing growth stocks or dividend stocks should have the same effect. The only difference would be if you are manually reinvesting dividends, which could incur extra trading fees.


"Unfortunately, where I live, minimum wage is what is available to High School graduates. We have an abundance of minimum wage jobs looking to hire, and no docks, and few greater than minimum wage jobs for people right out of High School. And minimum wage isn't enough to support a person here. I think school costs have gone up for more than just loans for everyone. Our colleges have administration bloat, huge wages for the top few, and are being run like businesses rather than schools: profit over people. Their educational license still stands, but they work to increase their profit rather than increase their quality of education. I understand that there is a large ""blame game"" going on about why people are poor or undeserving. They are lazy. They are drug addicts and gangsters. They are entitled. Any excuse we can come up with to not help the other guy. The other issue is HOW we help the other guy: Do we hand them money and say, ""Go out and succeed""? That's been our current method. But both of these issues again fall to education! If we can improve education so it teaches people how to have an impact on their world, how to find something they can do well, and how to succeed, then we can resolve the other issues. Right now, our schools teach basic skills: Math, Science, Reading to the extent that the students can past the tests. But the world is not built on Math, Science, and Reading. They are important, but more important are social skills, resource allocation and utilization, self-learning, testing and verifying. Teach them the basics! We need them! But teach them to be self-controlling, self-responsible people. I know this is part of the third paragraph, but I find, on the outset, we may seem like we have completely different views, when in reality, it is simply where we put the emphasis, not the actual view itself, that differs."


Ben already covered most of this in his answer, but I want to emphasize the most important part of getting a loan with limited credit history. Go into a credit union or community bank and talk to the loan officer there in person. Ask for recommendations on how much they would lend based on your income to get the best interest rate that they can offer. Sometimes shortening the length of the loan will get you a lower rate, sometimes it won't. (In any case, make sure you can pay it off quickly no matter the term that you sign with.) Each bank may have different policies. Talk to at least two of them even if the first one offers you terms that you like. Talking to a loan officer is valuable life experience, and if you discuss your goals directly with them, then they will be able to give you feedback about whether they think a small loan is worth their time.


"I think that pattern is impossible, since the attempt to apply the second half would seem to prevent executing the first. Could you rewrite that as ""After the stock rises to $X, start watching for a drop of $Y from peak price; if/when that happens, sell."" Or does that not do what you want? (I'm not going to comment on whether the proposed programmed trading makes sense. Trying to manage things at this level of detail has always struck me as glorified guesswork.)"


Who says that both parents have to work? Also, why would you include that as an opportunity cost when a parent staying home can and often does save money from work clothes, lunches out, extra gas, car insurance for a second car, not to mention paying for and repairing a second car. In the end, when I did my analysis for my own life, if I worked full time, I was going to be in debt to keep working. My actual per hour pay when taking all of these things into account was less than $1 an hour. That doesn't even take into account daycare, days off of work for doctor visits, or anything else. It is actually much cheaper for a woman to stay home and be employed in the home economy when she is not making at least $10 to $15 an hour depending on where she lives. If my husband worked and I diligently tried to save money in other areas we were not currently saving money in, I would actually be earning my keep through home employment. Things like sewing clothes with materials found, canning foods, baking, gardening, raising our own milk and eggs in small amounts, and recycling everything instead of tossing and buying new reduced our cost significantly. Look even Elizabeth Warren says in this economy, that low skilled workers with less than a Bachelor's that want to have children would be better off doing it this way because of the price of everything. It is tantamount to turning everything we have been taught on our heads, but it is true if you run the numbers.


I'll be honest the Dorito loco tacos are a guilty pleasure of mine even though I have NO idea what's in them but their loaded chicken grillers are pretty solid. Get them with no sour cream and hot sauce between 2 and 5 O clock for a buck and you have a budget lunch that's hard to beat.


> Most would prefer to go to the toy store so their children can try the bicycle or riding car and choose the one they like. Precisely why brick and mortar stores are going out of business. Hard for them to stay in business when people use them as Amazon's showroom floor to try stuff out before they ultimately buy it on Amazon due to better pricing and return policy.


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Just set up a budget. Indicate how much money comes in, how much goes out to must pay expenses (lodging, food, gas, heat, cooling, etc), and determine how much is leftover for anything else you want. If that amount is ok, then you're fine. If not, something needs adjusting.


Bitcoin isn't exactly backed by any substantial economic factors, like a good, skill, etc., and people are less familiar with it than a bond. The idea of currency existing as debt has been with humankind for thousands of years, and we've just forgotten, so I thought using the bond equivalent wold refresh that thought in peoples minds, and begin a period of rethinking our culture on social and economic terms.


I grew up building gamers from scratch (~1992) and working IRQ, ports, managing conventional memory with those damn boot disks. Then the sound card fiascos. Now that I'm 34 and not into gaming so much, once my PC dies that's the end of my relationship with MS. It was a fun 22 years and boy did I learn a lot! But that era is long gone. My dad who was right there doing it all with me finally tapped out this year himself. He's a mac-convert at 65. /nerd-nostalgia


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If you look at history, it shows that the more people predict corrections the less was the chance they came. That doesn't prove it stays so, though. 2017 is not any different than other years in the future: Independent of this, with less than ten years remaining until you need to draw from your money, it is a good idea to move away from high risk (and high gain); you will not have enough time to recover if it goes awry. There are different approaches, but you should slowly and continuously migrate your capital to less risky investments. Pick some good days and move 10% or 20% each time to low-risk, so that towards the end of the remaining time 90 or 100% are low or zero risk investments. Many investment banks and retirement funds offer dedicated funds for that, they are called 'Retirement 2020' or 'Retirement 2030'; they do exactly this 'slow and continuous moving over' for you; just pick the right one.


"There's nothing to rebalance, the index fund rebalances itself to continue matching the index. However, you need to understand that such an investment is not diversified and you only invest in a very specific market, and very specific stocks on that market. S&P 500 is large (500 different companies, most of the time), but still not as broadly diversified as your retirement investment portfolio should be. You should talk to a financial adviser (CFP for example), many companies provide access to these for 401k plan participants. But in any case, I'd suggest considering ""target date"" funds - funds that are investing based on your expected retirement year, and become more conservative as you get closer to that year."


"Discussions around expected values and risk premiums are very useful, but there's another thing to consider: cash flow. Some individuals have high value assets that are vital to them, such as transportation or housing. The cost of replacing these assets is prohibitive to them: their cashflow means that their rate of saving is too low to accrue a fund large enough to cover the asset's loss. However, their cashflow is such that they can afford insurance. While it may be true that, over time, they would be ""better off"" saving that money in an asset replacement fund, until that fund reaches a certain level, they are unprotected. Thus, it's not just about being risk averse; there are some very pragmatic reasons why individuals with low disposable income might elect to pay for insurance when they would be financially better off without it."


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I haven't really dug into this story. Did he release a public memo, or did he write an internal memo that someone else released? To me, that's a big difference. Anyone should be allowed to voice their concerns and get a fair hearing, and an organization that fires anyone who questions their policies is toxic. The way some stories are written, it sounds as though the VP of Diversity had his head because he dared to question the way she does her job. That's quite a bit different than airing your grievances publicly, though. Frankly, if one of my employees had a viral rant about my company, I'd probably show him the door. It's not about his opinions at that point, it's about the lack of discretion.


This creates high levels of efficiency, but is efficiency really what we need? A robot is very efficient, and increases income, but for who? When a corporation absorbs another, it does so *with the expectation* that redundant jobs will be shed, and that the income from those jobs will go to the shareholders. And so one can see where income inequality has it's roots.


I'm a pretty big Yelp user. I have been frequenting a new local business and have come to understand how their reviews get filtered to help them. It's very simple to get the filtered reviews to come up on the main page. If you sign up and do one review it will be on the main page for a little while, a week or two, then drop off. They give the new user time to start doing reviews and to become part of the community. If there is no other activity, they become filtered. To get them back to the main page all the user has to do is friend a few people and do some more reviews. Not many even. They are a small sandwich shop and know their regulars. I shared with them this simple information and I have seen their page go from two reviews to seven. They just asked their customers to review other places and their reviews came back. The Yelp system is to stop the one review and done people. It works the same for bad reviews as well.


Okay as long as you aren't dumb enough to actually think this would be worth pursuing. I don't want you to waste your money when it could go towards something nice, like your house budget. If you really do believe they are overvalued there are much better strategies.


Luck and merit are not mutually exclusive. It takes luck to get merit. The most interesting part of the cartoon is not that some rich man has the power to push back the hoard but that otherwise the whole earth would just be covered up and then what? Humans need to stop breeding. 7 billlion is already too much.


Awesome, you are a math guy. Very good for you. In theory, what you are proposing, should work out great as the math works out great. However have you taken a economics or finance coursework? The math that they do in these class will leave a most math guys uncomfortable with the imprecision even when one is comfortable with chaos theory. Personal finance is worse. If it were about math things like reverse mortgages, payday lenders, and advances on one income tax returns would not exist. The risk derived from the situation you describe is one born out of behavior. Sometimes it is beyond control of the person attempting your scheme. Suppose one of these happen: In my opinion the market is risky enough without borrowing money in order to invest. Its one thing to not pay extra principle to a mortgage in order to put that money in play in the market, it is another thing to do what you are suggesting. While their may be late fees associated with a mortgage payment, a fixed rate mortgage will not change if you late on payment(s). On these balance transfer CC schemes they will jack your rate up for any excuse possible. I read an article that the most common way to end up with a 23%+ credit card was to start out with a 0% balance transfer. One thing that is often overlooked is that the transfer fee paid jacks up the stated rate of the card. In the end, get out of consumer debt, have an emergency fund, then start investing. Building a firm financial foundation is the best way to go about it. Without one it will be difficult to make headway. With one your net worth will increase faster then you imagined possible.


Thank you. I try to lead my firm in a way where everyone feels important; I like to surround myself with intelligent and hardworking people. I appreciate the empathy (and sympathy) regarding my age - some people are jealous, others don't understand. That's there problem, not mine. I actually managed an ice cream shop when I was in high school too. (; Good luck!


That will depend on what area of finance you're interested in. For some sectors you shouldn't focus on programming as a skill to learn outside the classroom (for example CRE, iBanking). Personally I think VBA, Python and R would be great places to start (and useful in sectors such as risk management, trading and possibly even the insurance industry). Just pick one, the first one you learn will take the longest after that you'll realize learning more isn't that hard.


"The market price of a stock is based on nothing at all more than what two parties were last willing to transact for it. The stock has a ""bid"" and an ""ask"" each is the value placed by a counterparty. For the sale to occur, one party must meet the other. The stock transacts and that is the price. For a stock to ""go up"" people must be willing to pay more for it. Likewise, for it to ""go down"" people must be willing to accept less for it."


As weird as it seems, 5 years is not a long term investment. Furthermore investing is about accepting risk. Based on your criteria for the alternative to a down payment, I think your only choice is to make the larger down payment. If however, you were willing to invest that money for the long term (in a retirement account or an educational account for example) then I would definitely encourage you to invest. I think the chance that a long term investment in a diversified investment account will exceed 3.25% is pretty high. However, that is only my opinion, and I am not clairvoyant, so your let your personal tolerance to risk be your guide. But again, based on the way you asked it, down payment all the way. Your time frame means you are not an investor. Therefore your only option for risk free storage of money is an FDIC insured account, which might pay a little less than 1% for the next 5 years. A bigger down payment will have a 3.25% return in this case. In that order. #4 and #5 could be swapped if the interest rate on the loans is really low.


When the check is deposited, the bank verifies the signature in the check matches your signature in file.


If this was going on in the UK, I would try to get a mental capacity assessment done on the father. There are laws that stop you taking advantage of people that don’t understand what is going on; these laws could be used against the manager, but only if you can clearly prove that the father does not understand that the “business” is losing money. If the father does understand what is going on, then there is nothing you can do, as he has every right to waste his money, and anyone that may inherit what is left has no rights until he is dead.


No, you may not deduct the charitable contributions of your children. The Nest covers this in detail: The IRS only allows you to deduct charitable contributions that you personally funded, whether the contribution was made in your name or in someone else's. If your child or dependent makes a donation to a charity, you are not allowed to claim it as a tax deduction. This is true even if your dependent does not claim the contribution on his own tax return because he opts for the standard deduction rather than itemizing or claims exemption. Now, had you constructed the transaction differently, it's possible you could've made the contribution in your child's name and thus claimed the deduction. Allowance is technically a gift, and if she agrees to forgo allowance in exchange for you making a contribution, well, the IRS can't really complain (though they might try if it were a large amount!). Contributions in the name of someone else, but funded by yourself, are deductible: [Y]ou can deduct contributions you make in someone else’s name. So if you donated a certain amount of money to XYZ charity in your child’s name, for example, you would be able to deduct this amount on your taxes, as long as the deduction requirements are met. You will need to keep accurate records of the payment along with the receipt from the organization to prove you financed the donation.


Awesome to see this. Costco is a much better company and they treat their employees well. I'm happy to see Walmart employees stand up for their rights and make a stand. It must be incredibly difficult for them as well, considering their financial situation.


"She claimed that she makes money. When you wanted to make some too, she asked for your account credentials - which are only needed to take money away, never to give. The simplest explanation would be loan scam: Even if you have only $10 on your account, you can lose much more - the trick is that someone using your credentials can take an online loan in your name, and steal that money. If the scheme is long-running, she'll be taking new loans and using the money to pay back the earlier ones, building up credit history for her victims - only to allow taking even bigger loans. Her victims see the incoming transfers and are happy about the scheme ""working"". Until she decides that the pot is big enough to cash it in and disappear, leaving everyone deep in debt. Those who fell for this could be already defaulting loans they have no idea about and the loan companies have no way of notifying them, because she redirected the contact details. Never reveal your password. Nobody needs your password for any legitimate purpose."


1) Don't get an MBA yet. You should spend ~3-5 years in the industry first. 2) If you think you need Excel classes, you probably need Excel classes. Depending on what type of path you want to take, either learn financial modeling/forecasting or data analysis. Or both. There are a ton of free resources online to get yourself started. [Like this.](http://macabacus.com/) 3) If you need to, start in an ops/support role to build your network. These roles don't require a ton of industry experience, allow you to build your skill set, and (most importantly) allow you to network with people in the industry. I started off in a Market Risk support role at a major bank and now I'm working in front office finance. Just go above and beyond people's expectations, learn as much as possible, and keep an end game goal in mind.


I've called both BofA and Amex Customer Support, and they couldn't help. That's because you cannot. Debit card is tied to your checking account, so you can do a cash advance from your AMEX and deposit it to your BOA checking account. It will then be available to use with your debit card.


Completely agree. Wal-Mart has both the capital and the wherewithal to readjust incredibly quickly as they deem it necessary to do so. Couple those with the clout they have with manufacturers and it's fairly easy to see that a threat to Wal-Mart such as to see them 'losing all' to Amazon is more than a bit overly optimistic on an Amazon fanatic's part. I like Amazon, and shop there regularly, arguably more than Wal-Mart.. ..but, I shop at both. There are certain things that Wal-Mart is just 'better' for.. ..for now. Things change, but Wal-Mart can easily afford to change with it if it feels so inclined. They aren't IBM vs Microsoft; stuck in a mindset and incapable of imagining a reality outside of that. Even with that analogy, IBM is still around.


I’ve spent roughly $70,000 at Amazon the past 3 years (calculated using their spreadsheet data of spending in the account section). What these businesses don’t understand is that the products are all the same and the pricing varies minimally; customer service is and always will be my number one determining factor in where I do business. It takes me 30 seconds to get an Amazon agent on the line and 20 minutes for a Best Buy agent, plus Amz’s return policies beat the shit out of B.B’s.


There are two unique identifiers for a bank account: SWIFT code + bank internal identifier, or IBAN code. IBAN is mostly used within European banking system, and the whole code provides a direct and unique identification of the account. SWIFT is an international network where each bank/bank branch has its own address, and account number is a metadata added to the message for the receiving bank to handle. Usually the name of the recipient and additional information are required when wiring money through the SWIFT network, to match the records and make sure there's no mistake. Account numbers don't have to be unique, not even within the same bank. There's always something else in addition to uniquely identify them.


That's not exactly what I said, but can you point to a specific policy by a President that caused any of these crashes or booms? War would be one, but you'd rarely hear a President calling to start a war in the modern era to boost the economy...


I've read multiple times that the way to rebuild the credit score is to get a credit card and then have some minor charges on it every month and have them paid in full every month. Old negative events age and this disciplined activity rebuild the score to some not to horrible levels. Now it's true that it's hard to get reasonably good credit cards when your credit score is poor. Yet it's not necessary to have a good credit card for this case - such things as large credit limit are not needed. All that's needed is a long grace period so that there's no interest between the moment a charge is done and a moment the bill is paid in full at the end of the month. Yes, the card may have rather high interest and rather low credit limit, but it doesn't really matter. I've read once on MSN Money that people are offered credit even while they're in the middle of bankruptcy, so it's not impossible to get a credit card in the described situation. Goes without saying that a lot of discipline will be needed to have all this implemented.


I don't but you sounded like a close minded Jesus loving teenage redneck couch-potato from bible belt who only watches FoxTV. I am aware that RT is an official Russian government channel but that doesn't change the fact that dollar is in trouble. But i don't blame you. US high schools probably not gonna teach you that ;) Here, you can read from a variety of other 'trusted' sources: http://online.wsj.com/news/articles/SB10001424052748703907004576279321350926848 http://business.financialpost.com/2013/10/15/us-dollar-supremacy-decline/ http://www.cnbc.com/id/101650260#. http://www.thenational.ae/business/industry-insights/markets/us-federal-reserve-powerless-to-halt-dollars-decline


"Old question I know, but I have some thoughts to share. Your title and question say two different things. ""Better off"" should mean maximizing your ex-ante utility. Most of your question seems to describe maximizing your expected return, as do the simulation exercises here. Those are two different things because risk is implicitly ignored by what you call ""the pure mathematical answer."" The expected return on your investments needs to exceed the cost of your debt because interest you pay is risk-free while your investments are risky. To solve this problem, consider the portfolio problem where paying down debt is the risk-free asset and consider the set of optimal solutions. You will get a capital allocation line between the solution where you put everything into paying down debt and the optimal/tangent portfolio from the set of risky assets. In order to determine where on that line someone is, you must know their utility function and risk parameters. You also must know the parameters of the investable universe, which we don't."


We are the richest nation in the history of the world. We produce and consume more now than at any point in history. Credit card debt is nowhere near historical levels. Delinquency rates on credit card loans is near the lowest it has ever been. https://fred.stlouisfed.org/series/DRCCLACBS It may seem wild and not make a lot of sense that data does not fit your worldview, but let yourself be open to information that conflicts with your own. otherwise you are just held hostage by your own misconceptions. You are going to wait a lifetime for that riot pal and you may learn to capitalize proper nouns while you are at it.


They already don't have anywhere to live and can't afford to eat and wear clothes, you want them to waste 8+ hours a day on top of that? Hell, why not pay them 3 dollars an hour? Even more jobs! Isn't that better? Better than 0, right?


"It's not just u/foood and Dems that dislike Rauner. Any politically conscious moderate understands that both Madigan and Rauner are to blame. Madigan's leadership in reckless spending has helped produce a massive deficit, but Rauner's ""my way or the highway"" attitude has been far more damaging to the state and is the primary root cause of the current now years-long budget impasse."


The problem with a quick, easy solution to losing weight is that it usually leads to quick, easy weight gain shortly thereafter. There are hundreds of weight loss natural tips out there, and you may be tired of hearing the same advice repeated over and over. The truth is, there are no new weight loss tips. The same honest truth of yesterday is the truth today.


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Because swing trading isn't the only reason to buy a stock, and it's not the only way to make money on a stock. I do not have the expertise to make advice one way or the other, but I personally I feel swing trading is one of the worse ways to invest in the stock market. To answer your specific questions: In the previous post, I outlined a naive trade intended to make $1,000 off a $10k buy, but it was shown this would likely fail, even if the stock price would have increased by 10% had I not placed the trade. Another way to state this is that my trade would disrupt the stock price, and not in my favor at all. So, that means I'd have to settle for a smaller trade. If I bought $100 worth of the stock, that size of a buy wouldn't be too disruptive. I might succeed and get $10 out of the trade (10% of $100). But my trade fee was $8 or so... To summarize, you are completely correct that even hoping for gains of 10% on a consistent basis (in other words, after every single trade!) is totally unrealistic. You already seem to understand that swing trading on low-volume stocks is pointless. But your last question was... So how do people make any significant money trading low volume stocks--if they even do? I assume money is made, since the stocks are bought and sold. I have some guesses, but I'd like to hear from the experts. ... and in a comment: Then if no one does make significant money trading these stocks...what are they doing there on the market? The answer is that the buying and selling is mostly likely not by swing traders. It's by investors that believe in the company. The company is on the market because the company believes public trading to be an advantageous position for them to receive capital investments, and there are people out there who think that transaction makes sense. In other words, real investing.


Gure neskek bezeroaren eskakizunak betetzen dituzte eta pozik daude. Karlsruhe-ren kulturari buruz benetan ulertu nahi duzun zerbitzu indibiduala al da? Hemen bazkide bakarra aurkitu ahal izango duzu fun jartzeko, hiri gehienetan erospark hegoaldeko Alemanian dago. Zure bikotearekin sexua nahi baduzu, gure webgunea bisitatu dezakezu. Profileko informazioa biltzen duzunean, datuak atzitu ditzakezu. Era berean, kideen jarrerak eta jarrerak erraz identifikatu ahal izango dira guneko kudeaketan.


'there simply aren’t that many grocery items (a typical grocery store will have between 30,000 and 50,000 SKUs)' Yes, a 'typical' grocery store will have that many SKUs. If you visit Amazon grocery, you can add in many many more SKUs - and that is without fresh produce, etc.


I think your understanding is correct as far as you describe, but you don't mention a critical detail to me. You also imply some penalty details for early withdrawal / cancellation but you don't state those terms in detail. Where and when is the interest paid? Does it go into the same CD for compounding? Does it get paid to another account? The description does say that it is priced at par, so we at least know that the interest doesn't have to be stuck unpaid within the CD until maturity, but it also means you don't necessarily get compounding at the CD rate. Without knowing where the interest goes, and if it's available for compounding, be careful in how you compare it to other CDs / savings accounts. A compoundable structure might be a better option, even at a lower APY.


The cost to the store is small. They may have to pay a slightly greater fee because the transaction is now bigger. They do need additional cash on hand. Even though the majority of transactions are electronic (credit/debit) or check, the local grocery store still seems to have significant cash on hand. This is seen as a customer service. If there is a 2% fee the $50 advance costs them $1 for the minority of customers that take advantage of it. After more than 10 years of doing this they have figured this into the cost of groceries. Of course the credit card company could also waive the fee to store. My credit card online statement does tell me how much cash back was received. The line says date, store, amount ($40.00 cash over and $123.45 purchases) $163.45 total. Therefore the credit card company knows that cash back was used.


"It becomes illegal when it is both material and nonpublic information. Material being defined as: Information that you would want and significantly alters the perception of the stock. To your point -- ""materiality"" is really up to the courts Nonpublic This is a little easier to define, but need to be careful if the information is disclosed selectively -- ie to just a small number of investment analysts -- this may still be nonpublic There is also an exception to this -- Mosaic Theory - This is the research you are referring to where the analyst calls up suppliers, etc and obtains information that is nonmaterial (wouldn't move the price of the security) but using experience and combined with public information creates something that is meaningful and could move the price of the security. This is perfectly legal. Material examples:"


You may also want to consider Delaware and Nevada as possible corporate homes. They are common choices for out of state corporations. You may find that they are better options. Will earnings prior to forming the LLC have to be claimed as self-employment income? If so, would it be easier to wait until the next calendar year to form the LLC? Earnings after forming the Limited Liability Corporation (LLC) will probably have to be claimed as self-employment income. See How LLC Members Are Taxed for more discussion. In particular, read the section on self-employment taxes: The current rule is that any owner who works in or helps manage the business must pay this tax on his or her distributive share (rightful share of profits). However, owners who are not active in the LLC -- that is, those who have merely invested money but don't provide services or make management decisions for the LLC -- may be exempt from paying self-employment taxes on their share of profits. The regulations in this area are a bit complicated, but if you actively manage or work in your LLC, you can expect to pay self-employment tax on all LLC profits allocated to you. As I read it, you actively work in the LLC, so it is unlikely that you can avoid paying self-employment taxes. So it shouldn't make any difference when you officially start an LLC. You'll have to pay self-employment taxes before and after creating the LLC regardless. If you don't want to pay self-employment taxes, you may want to consider forming a Subchapter C corporation. They don't have the same tax structure as Subchapter S corporations or LLCs. You would be paid some kind of wage, salary, or commission and the corporation would pay the employer's side of the payroll taxes. Note that Subchapter S corporations and LLCs exist because they usually pay less in tax than Subchapter C corporations do. Even including the self-employment taxes that you owe. A CPA should be able to guide you in making these decisions and help you with setup. The one time that I started a corporation, I just paid a few hundred dollars to a service and they filed the paperwork for me. That included state fees and notice costs. The CPA probably has a service association already.


Having just gone through this process as a buyer via broker in Israel, here are my thoughts: Tl;dr: An incentive such as you are suggesting would not be particularly helpful. In this case, your best option is to spend your efforts shopping for a broker that you can trust. The rest: Your main concern is that the broker will find you a place at the top of your budget and will not negotiate aggressively. The main person responsible for negotiation is YOU. You are paying for the property, and you are putting in bids: not your agent. The agent should advise you, but in the end should pass along your bids directly. The real problem is that you, as the buyer, generally do not have as close a feel for the pulse of the market as the broker, who should be quite aware of recent closings in the neighborhood. Therefore, there are a few things that you can do to help arm yourself: At the end of the day, if you have decided to use a broker, you are making a large financial commitment to hire someone to find you the best place, and therefore it may be more important at this point to spend your efforts shopping around for the best broker, rather than trying to figure out how to outsmart her. You are correct: buyers' agents DO have incentives to sell you on places that may not be right or good for you. For example: Although your scheme may help a bit with the first concern, it will not help at all with the other two, which I assume to be much more likely problems in any event. Instead, find recommendations for brokers from others. Have the broker show you a few properties and put in some low bids to get a feel for how she handles them. Discuss the properties together and try to assess if they really have your interests in mind. You are paying a lot for their service, and you should make sure, as much as possible, that they really are working honestly and in your best interest. A good broker who knows his market and is trying to help you can be a great asset in the opaque, cutthroat real estate market. הבל הבלים, הכל הבל. סוף דבר הכל נשמע, את האלוהים יירא ואת מצוותיו שמור כי זה כל האדם. Good luck!


You can do many things: Risk free: Risk of losing:


"I watch a lot of the Vice shows on HBO. Generally I like what they do. But they are obviously very liberal-slanted. I got a little irritated last week when they did a segment about health care. One of the reporters talked to a bunch of doctors about health care. They all talked about how the payments from insurance companies are small and/or unfair, etc. Then at the end, all the doctors just kind of said ""single payer health care would be the best plan"". But they never provided any kind of outline for what plan that is. There are many different ways to organize a single payer system. But to just say ""single payer is great"" seems unhelpful to me, and just trying to push a bias."


Best holiday packages in Dubai are available for you with gomosafer, the online travel division of Mosafer. Dubai is a popular mid-east destination and has become quite popular holidaying destination from the past two decades. It has historic forts, impressive seascapes, luxury hotels, and sandunes and so on.


I've applied to work for chase four times in the last month, and have been turned down four times. Y'all are the embarrassment for not hiring me!! I'd be the best addition to your company you've ever known. I'm embarrassed for you for continuing to operate without me on staff.


How long will that transition take? And why did you get into construction? I ask because I'm curious about how geography, the number of jobs in your area in that particular field, your perception of job options, why you chose that occupation at the time, and how long you expect your transition from one job to another to take. Those things factor into other arguments going on about this article and I'm curious how that information relates to myself and others. You mentioned CC debt as building the trade deficit and that isn't entirely true, at least from what I've read about the deficit. The deficit is a symptom/outcome of some of which you know, but the decisions businesses make to outsource doesn't just add to that, but builds a skill deficit. Manufacturing is a good example of businesses outsourced and that skill seeing less and less entry level work due to it, which inhibits choice of income. As for wages, a lot of countries have minimum wage laws, but to suggest one or another is disastrous for an entire country ignores a variety of economic factors that lead to a crap economy.


I am a Swede living in Sweden and buy this instead of milk. They have replacements for most milk based products. Their yoghurt and cooking cream is amazing. Oatly also writes funny and useful information on their cartridges. A bit more expensive but that's okay for me.


How frequently do people make the switch from back office to front office for S&T roles like that? WSO says its nearly impossible. I know a guy who went from equity research at MS to trader at JPM; he networked hard and did a huge front office transition. Which is more common out of big front-front transitions and back-to-front on the same floor?


Agree with you here. I had to hammer in that concept for all our upcoming IT projects ~ most of these guys just never think in those terms, but frankly, that's the main way we decide on which projects to invest in with a limited budget. How the hell else am I supposed to put it? Results is only half the picture - huge results with even larger costs doesn't automatically make it a good idea.


Ib banking according to every friend and every article is 80. Your dad is the first 80 hour emergency doc Ive met if hes an attending and not a resident. Hell I know interventional cardiologists and radiologists who work less than 65 hours a week.


"> meant for adults with families >meant It's a job. It doesn't have some greater purpose in life. It is ""meant"" for anyone who can perform the task. If the economy is such that a person with children occupies that position, then we should not simply say ""well tough luck buddy, go starve and fuck yourself."" We should say ""Positions should be able to pay people enough such that law abiding citizens can afford to live on them. All positions"" We should strive to make people happier."


"This is another semantics question. Again what matters is how the words are commonly used, as the usage came about long before the technical definitions. In this case, when people say ""mutual fund,"" they are often including both unit investment trusts and closed end funds. Despite the labels the SEC has given in order to differentiate them, I'd say it's common (typical) practice to think of a closed-end fund as a type of mutual fund, rather than a different category altogether. That's the way I've seen it used, anyway."


First, corporate profits can grow relative to GDP. If companies succeed in growing revenue without paying much more to workers, then corporate profits and stock prices will grow relative to GDP. That has been happening for the last couple decades. If you require that we keep corporate profits vs GDP constant, then borrowing/leverage is how you do it. Companies can expand their operations on a fixed amount of shareholder equity, and as long as they can grow their profits faster than the cost of the debt, then shareholders keep the upside. But this also means that share prices will quickly fall if profits decline even a small amount, because the debt must still be paid off.


If you plan to stay in Europe for some time, then you should match your income currency with your liability currency, and so should use the Euro loan to pay off the INR loan, thereby eliminating the currency risk that you currently bear every time you convert Euro into INR to pay down the loan. Plus, you have a much lower interest rate. So, do it !


"Too many barriers to entry. New graduates are stuck in a catch 22 senerio if they didn't do internships in their field while in college. Most ""Entry-level"" positions require 2-3 years experience, many certifications, and knowledge of proprietary software which the universities don't have acess to."


My point was to collect as much tax revenue as possible without letting a loophole curtail the collection of said taxes. How ever that is accomplished is a possible solution I support, if the end game eventually disallows paying your own corp in a different country to bring down your bottom line then so be it. Or maybe we should watch what corps categorize as expenses, this is the magic of the internet, people can kick ideas around, you on the other hand had a virtual boner to find a small hole in my suggestion in which you could try to curtail the discussion. Instead of be anti-intellectual and trying to find tiny flaws in someones suggestions, why not make some of your own. Because last I checked shooting down suggestions while offering none of your own was not a productive practice.


Do you mean commercial real estate lending or corporate lending? Sadly private equity is really difficult to get into without an investment banking background. You will be competing with people who have investment banking backgrounds and also MBAs from top 5 schools. I have friends at HBS, Wharton, etc and they all told me how difficult it is even for them. It's not even guaranteed at that level. Obviously, nothing is impossible but a huge challenge.


Nothing beats statistics like that found on Morning Star, Yahoo or Google Finance. When you are starting out, there is no need to reinvent the wheel. Pick a couple of mutual funds with good track records and start there. Keep in mind the financial press, to some degree, has a vested interest in having their readership chase the next hot thing. So while sites like Seeking Alpha, Kiplingers, or Money do provide some good advice, there is also an element that placates their advertisers. The only peer-to-peer lending I would consider is Lending Club. However, you are probably better off in the long run investing in mutual funds. One way to get involved in individual stocks without getting burned is to participate in Dividend Reinvestment Plans (DRIPs). Companies that have them tend to be very well established, and they are structured to discourage trading. Buying is easy, dividend reinvestment is easy, dividend payouts are easy; but, starting and selling is kind of a pain. That is a good thing.


"When lending through Kiva you are not making a ""charitable contribution"" it's a loan so you cannot deduct the amount you loaned out. If you do lose money from your loan you can write off your entire loss same as you would with any other investment. However you should be careful because in the event of a tax audit you need to have the proper documentation in order to prove that loss (I don't know what Kiva provides). So to answer your question, no you would not be liable for any taxes from a Kiva loan."


"I recently requested an off-schedule escrow analysis. We refinanced a house in August and the servicer got confused about when the home owner's insurance was due (in October). They refunded the ""insurance"" money to us in September. That combined with the fact that the insurance amount was different than what they expected, made me request the escrow analysis. That way I can decide whether to pay up the escrow account now or do it over the next year. The servicer agent just said that the monthly payment amounts might change again in January when they do the usual analysis. If you like to set up automatic payments, that would be a downside. I haven't done that yet, so not a problem for me."


"You understood it pretty right. Every fiscal year (which runs from April 6 year Y to April 5 year Y+1), you can deposit a total GBP15k (this number is subject to an annual increase by HMRC) into your ISAs. You can open 2 new ISA every year but the amount deposited to those ISAs shall not excess GBP15k in total. From the 2016/17 tax year some ISAs now permit you to replace any funds you have withdrawn, without using up your allowance. It used to be that if you deposited GBP15K and then withdrew GBP5K, you could not pay in to that ISA again within that tax year as you had already used your full allowance. Under new Flexible ISA rules this would be allowed providing you replace the funds in the same ISA account and within the same tax year (strongly recommend that you check the small prints related to your account to make sure this is he case). Any gains and losses on the investments held in the ISA accounts are for you to take. i.e. If you make investment gains of GBP5K this does not reduces your allowance. You will still be able to deposit GBP15k (or whatever HMRC increases that number to) in the following year. You are also allowed to consolidate your ISAs. You can ask bank A to transfer the amount held into an ISA with bank held with bank B. This is usually done by filling a special form with the bank that will held the money post transactions. Again here be very careful. DO NOT withdraw the money to transfer it yourself as this would count against the GBP15K limit. Instead follow the procedures from the bank. Finally if you don't use your allowance for a given year, you cannot use it during the following year. i.e. if you don't deposit the GBP15K this year, then you cannot deposit GBP30K next year. NB: I used the word ""deposit"". It does not matter to HMRC if the money get invested or not. If you are in a rush on April 4th, just make sure the money is wired into the ISA account by the 5th. No need to rush and make bad investment decision. You can invest it later. Hope it helps"


"The government thought of that a long time ago, and has any loophole there plugged. Like if you set up a company to buy a car and then allow you to use it ... You can use the car for company business, like driving to a customer's office to make a sales call or delivery, and the cost of the car is then tax deductible. But the company must either prohibit personal use of the car, or keep a log of personal versus business use and the personal use becomes taxable income to you. So at best you'd get to deduct an expense here and then you'd have to add it back there for a net change in taxable income of zero. In general the IRS is very careful about personal use of business property and makes it tough to get away with a free ride. I'm sure there are people who lie about it and get away with it because they're never audited, but even if that causes you no ethical qualms, it's very risky. I don't doubt that there are people with very smart lawyers who have found loopholes in the rules. But it's not as simple as, ""I call myself a business and now all my personal expenses become tax deductible business expenses."" If you could do that, everybody would do it and no one would pay taxes. Which might be a good thing, but the IRS doesn't see it that way."


Hey, sole proprietorships called (don't those comprise roughly 50% of all businesses?) they want to know what corporate tax is. Hell, most of them want to know what payroll tax is. They just know it's not fun paying both halves of it. From my perspective over on the incorporated side: Oh HEY, I'm incorporated as an S-Corp or and LLC -remember those?- and they're going to suck out five percent MORE of my GROSS. I'll fax you my cash flows statement. It's going to look like a severed artery. For those lucky enough to be joining us from the C-Corp world, enjoy trying to retain your key employees without seeing your payroll costs go through the roof. If you have all your employees by the balls because they don't have the skills to easily transfer [if you think you do, hint: you don't] then I hope you have the stomach to watch them all falling further and further behind and into debt. I don't.


"The author really glosses over the impact of changes pertaining to ""return to work"" requirements/qualification. [In Georgia, some recipient groups have been reduced by 60%](http://www.myajc.com/news/breaking-news/more-will-have-work-keep-food-stamps/pu0Y9SASOVxc5QwEzJJLdJ/). I'd be cautious about celebrating this kind of report being connected to people rising out of poverty status. The more obvious conclusion is that the reductions owe more to people simply being excluded from SNAP."


There's a case to be made that companies below a certain market cap have more potential than the higher ones. Consider, Apple cannot grow 100 fold from its current value. At $700B or so in value, that would be a $70T goal, just about the value of all the combined wealth in the entire US. At some point, the laws of large numbers take over, and exponential growth starts to flatten out. On the flip side, Apple may have as good or better chance to rise 10% over the next 6-12 months as a random small cap stock.


I would personally look at consolidating your debt at a lower interest rate by refinancing your mortgage. I would leave any retirement funds alone unless it was absolutely necessary to touch it with no other avenues available. However, once you have consolidated your debt into the mortgage I would pay more than the minimum amount so that you don't take too long to pay it off. I would put about 50% of the freed-up cash flow back into the repayments, that way you will be paying more debt off quicker and you will have additional cash flow to help your monthly budget. Another good point would be to go through your monthly budget to see if there is any expenses you could reduce or eliminate.


As an American living in Canada, you don't get it. The USA wants all of us expats to pay taxes twice. No other country but one does that. If the USA would follow the rest of the world and not tax profits again after being taxed abroad, these companies wouldn't leave. We could be having a better conversation here, but it's meaningless buzzwords of patriotism and boycotting. Burger King will have growth and profit internationally. It makes more sense for them to focus on that. If they end up with 20% of their profit from the USA, why would they pay 120% taxes? Obviously it's not quite as simple as that, but you get the general idea. The last thing our politicians want is us talking about eliminating double taxation. Just as you can't be tried for the same crime twice, you should not be taxed twice. When BK pays local taxes in whatever country they're in, whether it's lower or higher than the US is irrelevant. Taxes have been paid. End of story. Doesn't matter if it's a lower rate or creative accounting. It's done.


"If you are going to keep your US bank account for any period of time, the very best option I know of is to withdraw Euros from an atm using your US card once you are in Germany. I draw on my US account regularly (I'm in Munich) and always get the going ""mid market"" exchange rate, which is better than what you get from a currency conversion service, transfer agency, or bank transfer, and there are no fees from the atm or my bank for the currency conversion or withdrawal. Of course you should check with your bank to verify their rules and fees for atm use internationally. It would also be wise to put a travel advisory on your account to be sure your transaction is not denied because you are out of country."


"At that point I was between relationships, and not really looking for one, so there was no ""spot formerly known as 'wet'"" to sleep in. I don't know if she ate breakfast or not. She would still be asleep when I left for the rec center at 6AM, then off to breakfast and class. My friend who lived down the hall ""Bret the Voice"" noticed and would sometimes come over to hang out for a bit when she came over. We'd kick him out when it was time to sleep though. It was a Cali-king sized bed I made from lashing two long twins together. Flannel sheets during the winter and lounging pillows on the floor made my dormroom The Place to hangout for my friends. Everyone called it ""The Bed of Lounging"". Every once in a while we'd have 4-5 people sleeping in it after a raucous weekend night. No snoring I recall. I would fall asleep first and was the big spoon. I've never been able to sleep face-to-face with anyone, including my wife of 16 years. The arrangement came to a halt when Bret the Voice and I moved out of the grad dorm the next year for a apartment off campus. Pam came over a few times to sleep, but not often because she couldn't just walk across campus. She had to drive. And by that time I was starting to get serious with a young lady from my art classes who was the most beautiful girl I'd ever been out with. That's when I got a waterbed. They wouldn't let me put one in the dorm, even though I was on the ground floor. I asked..."


my first reaction to the buy out was this is great for Whole Foods. bushels of new money coming in. currently, Whole Foods stores are in very limited areas. probably need to 4x or 5x locations to get big enough to give the Bezos drones a good workout btw, I'd rather be the farmer right now


I think the police normal shift is a 12 hour shift. In order to get OT pay, you must either work more than 3 shifts a week, or work more than 12 hours in your shift. This is some hard working police, I don't think anyone should complaint about the OT paid.


>by the morons Who would pay that much for this site? I have never met a single person who uses that site or thinks it is worth paying for. All their commercials star older people which immediately makes me think it's a scam or useless.


> With the medallion system, there is some level of protection to ensure that the industry remains viable for those who carry a medallion Barely any if not close to zero Taxi drivers own medallions. They have to lease the taxi + medallion from a company that owns it, usually for a rate per 12 hour shift. Also while paying high credit card processing fees ~15% and other misc fees to the company that owns the cab and medallion.


The example from the following website: Investopedia - Calculating The Present And Future Value Of Annuities specifically the section 'Calculating the Present Value of an Annuity Due' shows how the calculation is made. Using their figures, if five payments of $1000 are made over five years and depreciation (inflation) is 5%, the present value is $4545.95 There is also a formula for this summation, (ref. finance formulas)


"A ""Fund"" is generally speaking a collection of similar financial products, which are bundled into a single investment, so that you as an individual can buy a portion of the Fund rather than buying 50 portions of various products. e.g. a ""Bond Fund"" may be a collection of various corporate bonds that are bundled together. The performance of the Fund would be the aggregate of each individual item. Generally speaking Funds are like pre-packaged ""diversification"". Rather than take time (and fees) to buy 50 different stocks on the same stock index, you could buy an ""Index Fund"" which represents the values of all of those stocks. A ""Portfolio"" is your individual package of investments. ie: the 20k you have in bonds + the 5k you have in shares, + the 50k you have in ""Funds"" + the 100k rental property you own. You might split the definition further buy saying ""My 401(k) portfolio & my taxable portfolio & my real estate portfolio""(etc.), to denote how those items are invested. The implication of ""Portfolio"" is that you have considered how all of your investments work together; ie: your 5k in stocks is not so risky, because it is only 5k out of your entire 185k portfolio, which includes some low risk bonds and funds. Another way of looking at it, is that a Fund is a special type of Portfolio. That is, a Fund is a portfolio, that someone will sell to someone else (see Daniel's answer below). For example: Imagine you had $5,000 invested in IBM shares, and also had $5,000 invested in Apple shares. Call this your portfolio. But you also want to sell your portfolio, so let's also call it a 'fund'. Then you sell half of your 'fund' to a friend. So your friend (let's call him Maurice) pays you $4,000, to invest in your 'Fund'. Maurice gives you $4k, and in return, you given him a note that says ""Maurice owns 40% of atp9's Fund"". The following month, IBM pays you $100 in dividends. But, Maurice owns 40% of those dividends. So you give him a cheque for $40 (some funds automatically reinvest dividends for their clients instead of paying them out immediately). Then you sell your Apple shares for $6,000 (a gain of $1,000 since you bought them). But Maurice owns 40% of that 6k, so you give him $2,400 (or perhaps, instead of giving him the money immediately, you reinvest it within the fund, and buy $6k of Microsoft shares). Why would you set up this Fund? Because Maurice will pay you a fee equal to, let's say, 1% of his total investment. Your job is now to invest the money in the Fund, in a way that aligns with what you told Maurice when he signed the contract. ie: maybe it's a tech fund, and you can only invest in big Tech companies. Maybe it's an Index fund, and your investment needs to exactly match a specific portion of the New York Stock Exchange. Maybe it's a bond fund, and you can only invest in corporate bonds. So to reiterate, a portfolio is a collection of investments (think of an artist's portfolio, being a collection of their work). Usually, people refer to their own 'portfolio', of personal investments. A fund is someone's portfolio, that other people can invest in. This allows an individual investor to give some of their decision making over to a Fund manager. In addition to relying on expertise of others, this allows the investor to save on transaction costs, because they can have a well-diversified portfolio (see what I did there?) while only buying into one or a few funds."


20k a year for in-state university is a lot more believable (and let's leave out 'good' because then we would have to account for USNWR rankings and tuitions would definitely be higher). I'm pretty sure the private college tuition average is closer to 40k/yr, maybe even over it.


"I was being a bit facetious, but in general the public accounting profession should be dedicated to the public good. Any scope restrictions placed on the auditors while performing the engagement should immediately be reported by the staff to accounting management. Basically any shady acts of the client should be noted in the work papers and reported. There's a whole bunch of rules to tell an audit staff accountant when to go above their own seniors/management if there is collusion or fraud. Scope restrictions, ie. ""Hey you can't go in the warehouse to count inventory"", depending on the severity could qualify the audit report, disclaimer of an opinion, or withdrawal from the engagement. Therefore it's the auditors responsibility to refuse to provide a false audit report to the public or otherwise users of the financial statements. They should never act in the manner most profitable for the firm when faced with an ethical dilemma. Then there's practicality and most audit partners will do anything it takes to keep their largest clients. On the same coin, those clients want a clean bill of reference for their creditors. Long standing relationships are most vulnerable to letting things slide in favor of the client. There are thousands of companies and even ones publicly traded. The government would have to grow exponentially to actually audit all of these companies. That'll never happen, they have no idea where their own money goes as long as the revenues cover the expenditures."


"LOL!!!! The whole purpose of Robots, and AI, and Robots with AI, is to take jobs from humans. How on earth Robots/AI can ""create more jobs""? Also(!!!!), Robots/AI reduce costs. The cost of goods and services will go down sharply. People will actually get paid less!!!! Because the costs are less."


In the money puts and calls are subject to automatic execution at expiration. Each broker has its own rules and process for this. For example, I am long a put. The strike is $100. The stock trades at the close, that final friday for $90. I am out to lunch that day. Figuratively, of course. I wake up Saturday and am short 100 shares. I can only be short in a margin account. And similarly, if I own calls, I either need the full value of the stock (i.e. 100*strike price) or a margin account. I am going to repeat the key point. Each broker has its own process for auto execution. But, yes, you really don't want a deep in the money option to expire with no transaction. On the flip side, you don't want to wake up Monday to find they were bought out by Apple for $150.


> It means we are promoting MAGAnomics—and that means sustained 3% economic growth. [Supply side economics has been shown to only benefit the top 10%](https://en.wikipedia.org/wiki/Supply-side_economics) and [even the CBO says the 3% estimate is unrealistic](http://www.cnn.com/2017/07/14/politics/cbo-trump-budget-math/index.html?sr=twCNN071417cbo-trump-budget-math0439PMVODtop). > For merely suggesting that we can get back to that level, the administration has been criticized as unrealistic. That’s fine with us. I'm sure since you are the 10% and will be long gone when the chickens come home to roost.


Patents grant one company or individual a coercive monopoly on an idea. One cannot own information...information is neither scarce nor rivalrous. “If you have an apple and I have an apple and we exchange these apples then you and I will still each have one apple. But if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas.” -George Bernard Shaw Granting someone a monopoly on an idea is a wrong in practical terms, as stories like these, and the various patent trolling occurring in the tech sector demonstrate. Patent/copyright protect neither the fashion nor the food industry (in terms of recipes) and those industries thrive, as well as constantly innovate (indeed, they are *forced* to innovate, since they cannot monopolize one idea and rest on their laurels). Coercively preventing someone from doing as they will with an idea using their own resources is morally wrong because you are denying their freedom to act using their own body, and justly owned property. By building a chair using my own tools and materials, that happens to look similar to another chair someone else built 1000 miles away using their own resources, I've done nothing to deprive the other chair builder of his property...yet under current law, I can be prosecuted (i.e. fined, jailed, and beaten if I attempt to resist) if he has been granted a legal monopoly to that design...whether I've ever even seen his chair or not. On both ideological and pragmatic grounds, the concept of patents is a failure.


I havent used Fresh, I'll have ti give it a try if its available in my area. For liquer/beer it's sometimes cheaper. For the whiskey I drink, is the same price as the nearby store if I buy two bottles at a time.


Why should the costs of mandatory services be based on a sliding scale? Why shouldn't everyone pay the exact same price for the same services? Would it be fair if you walked into a McDonalds and everyone was lined up based on income with everyone below a certain level expecting everyone above the line to pay their way? Edit. If you were on the side of the line that was subsidized would you vote to end the subsidies or vote for policies that add more people to the side that gets free things so you can continue to get free things?


">Los Angeles is ordering the company to pay about $900,000 to the employees within the next month. The company is also being fined $541,000 in penalties How is this a whopping fine? Under federal law the minimum penalty is 100%. CA law provides for a fine of 1 months pay for a single infraction. Considering one of the charges is ""blocking investigators from interviewing employees"" and they are completely unrepentant and pretty much thumbing their nose at LA and wage laws in general, this is a paltry slap on the wrist for a company with $1.33 billion in revenue."


"This sounds like an accounting nightmare to be 100% precise. With each payment you're going to have to track: If you can account for those, then the fair thing to do is for one person to stop paying after they have paid the amount of principal they had at the beginning of the process, or possibly after they have paid an amount equivalent to the total principal and accrued interest they would have paid if they paid their loans individually. The problem is, one of you is likely going to pay more interest than you would have under the individual plan. In the example you gave, if your brother pays off any of your loans, he is going to be paying more in interest than if he paid on his 5% loans. If you pay the highest rate loans first, whoever has the lower total balance is going to pay more interest since they'll be paying on the higher rates until they've paid their ""fair share"". I don't see a clean way for you to divvy up the interest savings appropriately unless you trueup at the very end of the process. Math aside, these types of agreements can be dangerous to relationships. What if one of you decides that they don't want to participate anymore? What if one of you gets all of their loans paid off much earlier - they get the joy of being debt free while the other still has all of the debt left? What if they then don't feel obligates to pay the other's remaining debt? Are you both equally committed to cutting lifestyle in order to attack these debts? In my opinion, the complexity and risk to the relationship don't justify the interest savings."


Most people use SMS or internet messaging similar to WhatsApp - but WhatsApp is not popular in the US. People use Apple, Google or Facebook services. Since SMS will not work for them in a foreign country, they can only use their internet messaging. Apple people use iMessage. Many other people use Facebook Messenger or Twitter Direct Messages (DMs). It is very important to have a Facebook account for people to link to you (when they write about their trip) - so Messenger should be easy to setup. Google, Facebook, and twitter can run on a cheaper android phone. But many tourists probably have Apple iPhones. iMessages can only be sent from Apple devices. If you have access to an older iPhone (iPhone 4S) - it should be able to still send iMessages. Email is used by everyone, but younger tourists may not like it, and it may be hard for you to check. Google can give you email and messenger for free.


This is why a lot of the advice in this sub pisses me off: a lot of people in here would rather lie by obscurity than confronting issues head on to resolve them. Which I guess makes sense if you want to work your way into an obtuse, dishonest company culture (sometimes perceived as the only way to get a job to pay your bills). But I've been able to do pretty well by being honest. I don't think there is a need to buy into the bullshit. Edit: oops for some reason I thought I was in /r/jobs


Then do a backup, factory reset the phone afterwards and install your iPhone clean through iTunes. Without proper maintenance even the longest lasting items will break. You went through probably 3 major iOS updates on the phone, so there are tons of old shit clogging the thing up.


My insurance has been the same for nearly a decade. Cable, too. Some groceries have gone up, like fresh fruits and Milk, but I've eliminated my home phone in that time, since my cell phone works everywhere, so it sort of balances out.


Twitter is like screaming in space. Nobody hears shit. Internet advertising through links and text is a zero sum game and its on the decline. Basically they need someone around to play with the foosball tables and eat the free food. /thread


"There's no law in California that says you have to have a cash register. Logging cash sales manually, as you are doing, is fine. A cash register would help you track your cash sales as you describe. Some POS software will also allow you to log cash transactions, but it sounds like you just use a credit card processing web site or application, not a full-fledged POS system. In any case, for a small business, one option might be to get a cash register to log your cash sales, and continue to process credit cards the way you are (or continue as you are doing). Come tax season, use the output from both systems to calculate your income. You might want to consider an accounting software like Quickbooks so you can reconcile your income and expenses and statements from different sources. Also, as with any small business, it's worth your while to consult a tax accountant to make sure you're doing everything ""by the books"". Once you're set up properly, keeping the books in order becomes routine and easy."


Did you even read the article? Did you read what the government put out this week? In places where the state government set up their own systems the insurance companies have stabilized the markets and made a very good profit last year. The only places it's failing are places where republicans did nothing to help it succeed. If you actually think this legislation is failing you've bought into the republican talking points.


"A lot of people have already explained that your assumptions are the issue, but I'll throw in my 2¢. There are a lot of people who do the opposite of long term investing. It's called high frequency trading. I'd recommend reading the Wikipedia article for more info, but very basically, high frequency traders use programs to determine which stocks to buy and which ones to sell. An example program might be ""buy if the stock is increasing and sell if I've held it more than 1 second."""


"Your dad may have paid an ""opportunity cost"" for that outright purchase. If the money he saved had been invested elsewhere, he may have made more money. If he was that well off, then his interest rate should have been the lowest possible. My own father is a multi-millionaire (not myself) and he could afford to have paid for his house outright. He didn't though. To do so would have meant cashing in on several investments. I don't know his interest rate but let's say it was 2.5%. If he invests that million dollars into something he expects to get a 7% return on in the same period, then he would make more money by borrowing the money. Hence, he would be paying an opportunity cost. Assuming you need to work, some jobs will also do background or credit checks. Credit cards can be used by well off people to actually make them money by offering rewards (compared to straight cash transactions). The better your credit history, the better the cards/rewards you can get. You can build that credit history better by having these loans and making timely payments."


"So I've done some digging and have some new information. I looked up Beam in California's business search and found Beam Financial, registered in November of 2015 by Yinan Du, incorporated in Delaware. Searched Delaware's database and found a listing from 6/24/2014 with the agent ""National Registered Agents, Inc""--not much to go on from that. Some Google Sluething and it appears that Du was previously in charge of something called 24quan.com (not entirely sure what that business was). Still trying to figure out which bank will be covering them for FDIC and when they will launch."


I was wondering if I could make part of the payment here in USD legally? Although not directly illegal ... From an India tax and FMEA point of view this would be a bit complicated. A NRI Seller cannot repatriate the proceeds from sale of house unless he had purchased this from NRE account and repatriation is only possible for original purchase amount. For the gains Seller has to apply for repatriation of funds. A NRI Seller has to pay taxes on gains and this transaction should not look like facilitating a tax fraud in case NRI Seller does not pay his taxes. As a Buyer if you make the purchase from your NRE account [i.e. Move US funds into India into NRE Account], it will ease you ability to repatriate funds in future. Depending on the property value and PAN card availability of seller, you have to deduct 1% to 30.12% tax from the value and deposit this with Income Tax India. PS: It is recommended that you consult a Professional CA to help you with modalities.


Yes, if there is liquidity you can sell your option to someone else as a profit. This is what the majority of option trading volume is used for: speculative trading with leverage.


"The one thing that I saw in here that raised a big red flag is that you said you ""overpaid"" on your interest. ALWAYS make sure you tell them that any extra money should be applied to principal only, not to interest. You accrue interest based on your outstanding principal amount, so getting that lower reduces the overall amount of interest you end up paying. Paying the interest ahead saves you nothing. However, make sure you pay the current interest owed that month. They can capitalize past due interest - in affect, change that to be considered an addition to the loan principal amount and you end up paying interest on the interest."


What you are describing is perfectly legal, and is well under the threshold to attract the attention of the IRS ($10K+). The money is not income, because it is repayment for goods provided or a loan made to your friends. I do this myself oftentimes to take advantage of the rewards on my credit cards. With cash to cover expenses coming in immediately from friends/family, there is virtually no risk. If you are concerned and want to protect against questions in the future about the source of the money, you ought to start keeping records of dates, times, locations, amounts, and the names of people involved when the charges are made. Then track the dates when the cash is deposited into your bank account. That way you can demonstrate the cash flow (Charge -> Repayment -> Deposit) to anyone who needs to know.


"The overall standard of living in the USSR actually *increased* when compared to the previous Czarist regime. Going from a pseudo feudal society to a full blown communist experiment, however, seems to be a rather unsustainable approach to social evolution. In any case, all ""isms"" tried at large scale -feudalism, capitalism, socialism, communism- have been proven to be systemically flawed: they all revolve around arbitrary pyramidal power structures, ignore physical reality, and utilize an abstract metric as their basis, i.e. capital/money."


> People who don't understand leverage shouldn't be writing articles about them Agreed. I wasn't condoning the article, just offering my thoughts. > why should there be a cap at 3x for ETFs when you can get way more leverage with other instruments 3x seems arbitrary. 5x seems arbitrary. I'd love to see a study that analyzed what, if any, would be an optimal 'ceiling' for these. > 3 seems to be a valid point to some degree 3 was getting at speculators using them in excess. A potential solution to limit misuse would be to impose higher costs on levered instruments and capping at 3x or 5x or whatever can be viewed as an (extreme) cost.


"> **give me a specific ""instability"" or ""expense"" that Global Warming may cause. Just try...** > **I asked you before, and I notice you did not reply: Is Trump a Nazi or alt-Right sympathizer? What ACTIONS by Trump you do not like?**"


Goddamit, Benzinga and their clickbait headlines. OK, Rant over. The bit about having zero hobbies unrelated to work (1) sounds like classic Wall Street, nothing new there and (2) seems like a great way for most of us non-superheroes to burn out. I read fiction, play with my kids, work out, etc. More sustainable for a great many of us I would think.


> you should never hire someone to work for you unless you would work for them Sounds great in theory, but that one thing assumes a lot of organizational and cultural debt has already been overcome in your organization, which isn't always the case. Too often a less than ideal rewards system turns the success of peers into an economic or political threat, or even if such problems were solved, the culture that remains turns it into an ego-related threat. Avoiding it almost requires you having to be in love with them, but even among spouses, it doesn't always work that way...


"This is the best tl;dr I could make, [original](http://www.cnbc.com/2017/06/07/jamie-dimon-america-has-to-get-its-act-together.html) reduced by 66%. (I'm a bot) ***** > Some 70 percent of young men are ineligible for military service &quot;Because of either education - they can&#039;t read or write - or health, mostly obesity and diabetes. That&#039;s an unbelievable number,&quot; Dimon said. > The number comes from a Pentagon study a few years back that said the military won&#039;t take 71 percent of males aged 17 to 24 for the reasons Dimon cited, as well as taking prescription drugs for ADHD, or having inappro. > Government records show that the rate among men ages 25 to 54 has fallen from 96 percent in 1970 to 88.4 percent in May. In addition, Dimon blasted the regulatory climate in the U.S., saying small-business formation has been limited and prospective homebuyers can&#039;t get access to mortgages. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6g3jsp/3_really_bad_facts_are_hurting_the_us_economy/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~139604 tl;drs so far."") | [Theory](http://np.reddit.com/r/autotldr/comments/31bfht/theory_autotldr_concept/) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **percent**^#1 **Dimon**^#2 **us**^#3 **growth**^#4 **Roundtable**^#5"


Have the bartenders weigh the liquor bottles before and after each shift. Compare it to the sales. Have each bartender count the beer, water and red bull bottles/cans. Keep track of the draught beer also. This the cheapest way to see how much is being taken, if at all.


I don’t believe financial transactions should be given the same rights as speech. You don’t hand them the keys to the castle just because they want more freedom and aren’t afraid to rip people off. Let’s try something less extreme, and easier to adjust, maybe? Like any calibration, if you can’t adjust it, the tool no longer serves its purpose.


The stock market was already reaching highs way before trump took office. Fortune 500s and Dow were already reporting record profits every quarter before trump. The dozens of new retail/food/medial/plaza buildings to open this year in my city were already being built and going to open. The expansion on our already brand new hospital was already happening. The new school and medical university has nothing to do with trump. No i don't think the new 10,000 home development site approval has anything to do with trump. Trump literally has done nothing so far but win the election. These things were happening already. Employers are already desperate for employees I don't think anyone is hiring more because trump is in office when they were hiring already.


"Debt is nominal, which means when inflation happens, the value of the money owed goes down. This is great for the borrower and bad for the lender. ""Investing"" can mean a lot of different things. Frequently it is used to describe buying common stock, which is an ownership claim on a company. A company is not a nominally fixed asset, by which I mean if there was a bunch of inflation and nothing else happened (i.e., the inflation was not the cause or result of some other economic change) then the nominal value of the company will go up along with the prices of other things. Based on the above, I'd say you are incorrect to treat debt and investment returns the same way with respect to inflation. When we say equity returns 9%, we mean it returns a real 7% plus 2% inflation or whatever. If the rate of inflation increased to 10% and nothing else happened in the economy, the same equity would be expected to return 17%. In fact, the company's (nominally fixed) debts would be worth less, increasing the real value of the company at the expense of their debt-holders. On the other hand, if we entered a period of high inflation, your debt liability would go way down and you would have benefited greatly from borrowing and investing at the same time. If you are expecting inflation in the abstract sense, then borrowing and investing in common stock is a great idea. Inflation is frequently the result (or cause) of a period of economic trouble, so please be aware that the above makes sense if we treat inflation as the only thing that changed. If inflation came about because OPEC makes oil crazy expensive, millennials just stop working, all of our factories got bombed to hades, or trade wars have shut down international commerce, then the value of stocks would most definitely be affected. In that case it's not really ""inflation"" that affected the stock returns, though."


Anyone jump out of finance too fast? Been in acct/fin for 7 years and only in current role in 1.5yrs I'm being offered an ops role with a 60% bump but was told could get a promo in finance within a year. Probably wouldn't be that much but am having trouble deciding.


Princess & Tiaras Spa Celebrations spa party bus is the ultimate spa festivity on wheels.Let us roll out our pink carpet and help you make your little princess’s special celebration one that she will always remember. Whether you are having a birthday party, school fundraisers, pajama party, or play dates, have the best party ever with our swanky and stylish spa party bus


"It's not like Google did it out of the goodness of their hearts, though. Google did it so many people would consolidate their services with Google, casually forcing their users to use Google's very profitable search engine, which was and is arguably the best search engine on the internet anyway. This same idea is also what's making Google lose the social networking war to Facebook. They are trying to force fit a service that people do not want, as they did before with other Google products. It was really a win-win for everybody at that time. But that same thought process might make Google go through some ""tough"" times in the next couple of years. But they are a cash rich company who can bring in literally the best talent in the world. I'm sure they'll make management changes and adapt accordingly."


"paywalls are defunct. The abject lesson of the last presidential election is that the real money will be found in providing ""Newz""(tm) that people already believe and want to hear, true or not. You can call it ""fake news"" if you'd like, but I tend to think of it as ""personalized news""."


Why do you care? In any case, you can easily Google the answer... Effective Sunday, April 2, 2017 for trade date Monday, April 3, 2017, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc. (“CME” or “Exchange”) will list Monday Weekly Options on the E-mini Standard and Poor’s Stock Price Index Futures and Standard and Poor’s 500 Stock Price Index Futures contracts (collectively the “Contracts”) for trading on CME Globex and for submission for clearing via CME ClearPort as described in Appendix A below. Appendix B below provides the Exchange fee schedule for the Contracts. source


Question: I live in half of a duplex together with other college students. I put my rent (roughly $750 in cash) in the landlord's mailbox while he was out of town for three weeks. I told him ahead that I would do this, but he claims I never did, and he would have asked me not to. Anyway, now he claims the money was not there when he returned and I still owe $750. Answer: Well, that's tough. It could be that the money was stolen from the mailbox. It could be that the landlord pocketed the money and is trying to scam you. Your problem is that you have no receipt, and no evidence at all that you paid the money. There's little you can do other than paying up (again) and learning from this expensive lesson.


Airbnb can investigate those cases. I've never experienced that before. I likely less than 1% of cases. In fact, I'd be surprised if it's even legitimately taking place. It would be so difficult, and costly, to do such a thing. It may have happened once, it twice, but I doubt it's common.