If you open an account, you sign a contract, of which you get a copy. That ultimately proves that the account exists. As for the money in an account: Double-entry accounting makes it more or less impossible for that to be simply wrong. An account balance is not just a number; it's a sum of transactions, each of which has a corresponding entry in another account where the money came from or went to. What is possible (but extremely rare given the effort banks go to in order to ensure the correctness of their systems) is for transactions to get lost or stuck (because they often have multiple stages), or to have a wrong source or target, or amount. If a transaction gets lost, it's the same as if it never happened - the money is still in the sender's account and you have to convince them to send it to you. If a transaction got stuck, i.e. money was sent but did not arrive, the sender can request their bank to investigate what happened and fix the problem. If an erroneous transaction shows up on your account, you can do the same. Double-entry accounting ensures that this is always possible.


> mostly-passive funds consisting of a sufficiently diverse array of holdings with historically* low volatility > 3.Market it with excessive jargon to impress laymen A quantitative-based global strategy with a wide coverage of asset classes that exhibit returns robustness and high inverted-alpha*. Uses the cutting edge of artificial intelligence to synthetically replicate index portfolios that maximizes benchmark correlation. ^^*Defined ^^as ^^1/alpha, ^^as ^^alpha ^^-> ^^0 ^^then ^^inverted ^^alpha ^^-> ^^infinity.


As of 2013, Ally bank has a 1% conversion fee when using your card internationally; however the withdrawal limits are pretty low ($500 USD daily at an ATM, and $2,500 when shopping).


They are private businesses, and they open as they want, quite the same as gas stations or supermarkets. You can open a fourth one, if you think there is money to be made. May not be a bad idea, if you know a bit about cyber security.


There are a couple of reasons, including:


"Has anyone done this before? I'm sure someone has, but it doesn't completely remove any price risk. Suppose you buy it at 10 and it drops to 5? Then you've lost 5 on the stock and have no realized gain on the option (although you could buy back the option cheaply and exist the position). To completely remove price risk you have to delta hedge. At ATM option generally has a delta of 50%, meaning that the value of the option changes 0.50 for every $1 change in the stock. The downside to delta hedging is you can spend a lot on transaction fees and employ a lot of ""buy high, sell low"" transactions with a highly volatile stock."


"One ""economic reason"" to turn down a raise is if your company gives bonuses based on performance reviews. When you get a raise in salary, your boss usually expects a better performance from you. That being said, if you get the raise, and your performance review is worse, you might get a smaller annual income."


Nice try. No. If you were in the music industry, you might have a case. Depending on the exact job, certain things related to music would be a business expense. I don't see how this would pass an audit as it really is unrelated to the work you do.


The main issue is that anonymous payment is strongly opposed by banking and governments. The price of giving away your identity to hundreds of strangers daily is much higher than coping with stupid ads. Even the price of having your bank know your spending patterns so tightly, is high.


This has international ramifications. This company sold parts according to very specific qualifications, knowing that the parts did not meet those qualifications. Whether the top executives knew or not is immaterial, the effect is the same: Unsuspecting companies have been operating machinery with insufficient materials, creating many unsafe environments. How many accidents have been caused or made worse by Kobe Steel's actions?


Yeah it's sad. I read in the paper that their Finnish supplier company filed for bankruptcy because Nokia looked to Asia for suppliers. I like Nokia hardware, other phones feel flimsy compared to my N8. The Lumia hardware feels solid too, too bad I'm deterred from buying it because Nokia is going under.


I'm Asian (Korean). My parents gave me a choice between doctor and world-leading anything. Want to join a band? You better be the next fucking U2. I ended up getting into Stanford for engineering and working for Google. They won't be happy until I launch a world changing product or become an exec. It's exhausting.


They have a minimum to discourage applications for that particular card. Every application costs them money because they have to pay the credit agencies to pull the applicant's credit history. So one way they save money and reduce their cost of business is to discourage people from applying if they're not creditworthy enough for that product. Credit card companies tailor their products into different income/credit brackets. Those who have less creditworthiness would be better suited for a different product than what you're referring, similar to those with greater creditworthiness.


"I wrote a longer reply then deleted it. Socialism as a term has developed so many conflicting definitions that it has become almost completely useless. That being said, I don't believe that a group of countries where several still have their royal and noble classes, and their economy is a commodity and market driven economy qualify as meeting the basic tenets of Marx's Socialism. On the other hand, they are certainly leftist and their model is working well for them, and many western countries could be better if they moved toward the Nordic Model, but again they are not ""True Socialism""."


Now look, maybe your method of massage differs from mine, but, you know, touchin' his wife's feet, and stickin' your tongue in her Holiest of Holies, ain't the same fuckin' ballpark, it ain't the same league, it ain't even the same fuckin' sport. Look, foot massages don't mean shit.


Bartering is a tricky discussion. Yes, it definitely applies when you are self-employed and do a job that you would charge anyone else for, but what if you are helping a friend in your spare time? If you receive something in exchange, the value of the item you received would be your income, but what if you don't receive anything in exchange? If the company bought a computer that they loan to you to do occasional work for them, there's no reason you couldn't take the computer home and have that company retain ownership of the property. They could still expense the depreciation of the computer without giving it to you. If it were a car though, you would have to count mileage for personal use as income. What if you exchange occasional tech support for the use of an empty desk and Internet connection? As long as they aren't renting desks for money to others, there's probably no additional marginal cost to them if they allow you to use the space, so the fair market value question breaks down.


NEVER and I do mean **NEVER** split a business ownership 50/50. -- Make it 51/49 or whatever you want but never go 50/50 as if there is ever a disagreement You have the power to over rule. If you go 50/50 you will potentially get stuck in a legal battle which you do not want.


I got my degree in chemistry because I didn't know wha I wanted to do but I wanted to challenge myself. It didn't end up being an advantage. I encourage you to consider your major an investment in your future career rather than as a way to challenge yourself. Look at the jobs out there and pick a few paths for yourself, then see which major best fits into ALL the paths you're interested in. You can always do a math minor (which you may reconsider when you hit the crossroads of linear algebra and differential equations). Take advantage of internships, network. A degree is nice piece of paper but most of what you learn in college just doesn't apply to working a real job. Keep that in perspective! But also enjoy yourself.


Nobody here really answered your question. The custodian of the 401k determines what funds and investment options are available within that 401k. So if they're eliminating company stock as an option then they can absolutely make you sell out of it. You may be able to do an in service rollover and transfer your funds to an individual ira but that's not particularly common among 401k administrators. Aside from that I'd ask why do you want to hold company stock anyway? Generally I'd advise against this as its imposing a ton of risk on your financial future. If your company tanks you're out of a job, which sucks. But it sucks even more if your company tanks and your 401k loses a ton of value at the same time. Edit: I see you asked who benefits as well. It may just be a situation of no benefit at all. Perhaps the plan didn't have enough people investing in company stock to make the option cost effective. Maybe the administrator decided that allowing people to take on that amount of risk was not in their best interest(it's not). Could be a ton of reasons but it's unlikely the company did so out of greed. There isn't a lot of financial benefit for them there.


"Arrogant nonsense like this is the extremism ""crying wolf"" that helped get him elected. The left is so loud and obnoxious at this point that people stopped listening. But I guess gathering on liberal sites like reddit and patting each other on the back is still your idea of the best way to change."


"Not to mention the impact of helicopter parenting; it's harder to date if your parents won't let you learn to drive or get a car, activities, homework, and ""family time"" keep you busy literally every waking moment, and your parents actively monitor your internet and phone use."


They are actually both undergraduate texts; however, Investments is FAR more complex. Essentials of Investments really waters down the statistical and mathematical notation while Investments does not. Investments also has an entire section (4-5 chapters) called options, futures, and other derivatives while Essentials of Investments does not. [Of course, if you want to learn about options, futures, and other derivatives, there is a seminal book by John Hull with that exact title.] That notwithstanding, neither book is sophisticated enough to be considered a true graduate school textbook in quantitative investment theory. No grad schools worth their salt are going to rely too heavily on Investments in a specialized finance curriculum. It's a great book to start out, though.


"ASSUMING you're talking about a property in the United States, the answer generally would be ""no"". You aren't actually paying any of the expenses for the property and yet you want to take the deductions for doing so? That's a rather cheeky move, I'd say! (grin) It probably would lead to some real strife with your brother, since he would have proper claim to those credit on the basis he's the one footing the bills for the property. Before you do anything like what you're talking about, it might be best to speak with him, because both of you are running the very real risk of an audit, and if that happens then I can guarantee the IRS will slap the daylights out of you for it. Your brother, I'm sure, is already claiming all of the deductions he can for what he's putting into the property, and on top of that you want to file for your half. What half are you referring to, when your out-of-pocket is zero? So what you're saying is, you think that between you and your brother you should be able to take a credit of 150% of the actual deductions...Sounds like a recipe for disaster to me. I strongly encourage you to talk to a tax professional, but if you get a different answer to this than what I've already given then I'd be stunned. I hope this helps. Good luck!"


"Two points. Someone has mentioned ""don't do the starbucks coffee"" thing... Try not to pay for fast food, either. They might not like you having cooking equipment in your dorm, but things like sandwiches and cereal don't require that (and often there is a common kitchen). Did you know oatmeal is so cheap it's basically free? Also dirt cheap and ridiculously nutritious: beans, lentils. There's certainly the ""ramen noodles"" stereotype but even beyond that, if you can learn how to cook a few decent things for yourself, you can do quite well. Oh, did I mention rice? On a related note, skip the bottled water and the sodas. (Especially the sodas, which can do you little good.) Snack on vegetables (carrots, celery, etc). They're not always cheaper than the cheapest of the cheap snacks that exist, but they're actually good for you. A big bag of carrots will give you a lot to munch and is reasonably cost-effective. Besides, I know you need more of them in your diet. Really. Finally, consider a summer job / internship. Not only will it earn you money now, but it might land you a much nicer job straight out of college, saving you years of earning less. (This goes triple for anyone studying computer science/engineering, by the way!!!) If that doesn't work out, consider summer-session classes. Sometimes they can work out cheaper than the regular kind."


Assuming your country is the United States there is. See schedule C line 9 and the corresponding instructions. There are many rules associated with this, in some cases the entire purchase can be written off but typically if the truck is only used for business. Most people write off partial usage in the form of credits for mileage. You are best to consult with a CPA once your business earns a profit. Good luck.


You will need to check the language of your sales contract. Most of the time, it will be written that the pro-rated property taxes will be part of closing costs. In general, If you've already paid taxes, then the buyer will pay you the pro-rated portion of that, from the closing date through the end of the year. If you haven't, then you would usually be charged the pro-rated amount to be held in the buyer's mortgage company escrow account, with the remainder being collected from the buyer at a later date. For your income tax purposes, you can deduct that tiny amount of the paid property taxes from your income (assuming itemized deductions). Doing some research on property tax for the state of Georgia brings up this interesting note: If you owned property on January 1, you are responsible for the ad valorem tax for the entire year even if you sell the property on January 2. Georgia law does not allow a refund for partial year residents. This leads me to believe that your sales contract would have it written in that the buyer paid you almost the entire year's property taxes in anticipation that you would be responsible for the property taxes, as you owned the property on January 1st. Again, you should consult with the settlement attorney and review your contract.


[Spectacles](https://en.wikipedia.org/wiki/Spectacles_%28product%29) are glasses/sunglasses with a built in camera/video recorder, which look surprisingly un-bulky. The price is just around $120, so a bit pricey. You can get [a crappy kids spy version for only $60](https://www.amazon.com/SPY-NET-Stealth-Video-Glasses/dp/B004X4X3N0) for the last couple years. The price is probably worth it for the lightweight, more reasonable look, and probably better quality, but it is probably seen as just a novelty for most, which doesn't garner such a price point. Their focus on Snapchat also might have been narrowing to the market. (I had no clue and just looked into it myself. I got my kids one the spy glasses a few years ago.)


Checkout the worksheet on page 20 of Pub 535. Also the text starting in the last half of the third column of page 18 onward. https://www.irs.gov/pub/irs-pdf/p535.pdf The fact that you get a W-2 is irrelevant as far as I can see. Your self-employment business has to meet some criteria (such as being profitable) and the plan needs to be provided through your own business (although if you're sole proprietor filing on Schedule C, it looks like having it in your own name does the trick). Check the publication for all of the rules. There is this exception that would prevent many people with full-time jobs on W-2 from taking the deduction: Other coverage. You cannot take the deduction for any month you were eligible to participate in any employer (including your spouse's) subsidized health plan at any time during that month, even if you did not actually participate. In addition, if you were eligible for any month or part of a month to participate in any subsidized health plan maintained by the employer of either your dependent or your child who was under age 27 at the end of 2014, do not use amounts paid for coverage for that month to figure the deduction. (Pages 20-21). Sounds like in your case, though, this doesn't apply. (Although your original question doesn't mention a spouse, which might be relevant to the rule if you have one and he/she works.) The publication should help. If still in doubt, you'll probably need a CPA or other professional to assess your individual situation.


Before doing anything else: you want a lawyer involved right from the beginning, to make sure that something reasonable happens with the house if one of you dies or leaves. Seriously, you'll both be safer and happier if it's all explicit. How much you should put on the house is not the right question. Houses don't sell instantly, and while you can access some of their stored value by borrowing against them that too can take some time to arrange. You need to have enough operating capital for normal finances, plus an emergency reserve to cover unexpectedly being out of work or sudden medical expenses. There are suggestions for how much that should be in answers to other questions. After that, the question is whether you should really be buying a house at all. It isn't always a better option than renting and (again as discussed in answers to other questions) there are ongoing costs in time and upkeep and taxes and insurance. If you're just thinking about the financials, it may be better to continue to rent and to invest the savings in the market. The time to buy a house is when you have the money and a reliable income, plan not to move for at least five years, really want the advantages of more elbow room and the freedom to alter the place to suit your needs (which will absorb more money)... As far as how much to put down vs. finance: you really want a down payment of at least 20%. Anything less than that, and the bank will insist you pay for mortgage insurance, which is a significant expense. Whether you want to pay more than that out of your savings depends on how low an interest rate you can get (this is a good time in that regard) versus how much return you are getting on your investments, combined with how long you want the mortgage to run and how large a mortgage payment you're comfortable committing to. If you've got a good investment plan in progress and can get a mortgage which charges a lower interest rate than your investments can reasonably be expected to pay you, putting less down and taking a larger mortgage is one of the safer forms of leveraged investing... IF you're comfortable with that. If the larger mortgage hanging over you is going to make you uncomfortable, this might not be a good answer for you. It's a judgement call. I waited until i'd been in out of school about 25 years before I was ready to buy a house. Since i'd been careful with my money over that time, I had enough in investments that I could have bought the house for cash. Or I could have gone the other way and financed 80% of it for maximum leverage. I decided that what I was comfortable with was financing 50%. You'll have to work thru the numbers and decide what you are comfortable with. But I say again, if buying shared property you need a lawyer involved. It may be absolutely the right thing to do ... but you want to make sure everything is fully spelled out... and you'll also want appropriate terms written into your wills. (Being married would carry some automatic assumptions about joint ownership and survivor rights... but even then it's safer to make it all explicit.) Edit: Yes, making a larger down payment may let you negotiate a lower interest rate on the loan. You'll have to find out what each bank is willing to offer you, or work with a mortgage broker who can explore those options for you.


Colonic Hydrotherapy is an internal bath to help cleanse the colon (large intestine) of poisons, gas, accumulated faucal matter, harmful bacteria and mucus deposits. Filtered water is gently introduced into the colon and special massage techniques are used to help to expel waste products and compacted deposits. Colonic Hydrotherapy has been practiced for thousands of years and has its origins in Egypt, Greece and India. It is an integral part of a modern naturopathic approach to health and was used in hospitals until the 1970's. It is a very safe and gentle treatment and it is ultimate detox.


So the reason that money disappeared is that someone was charitable? In your example of making 12 non-printed Loddars, the farmer gained meat and the hunter gained shoes, but the shoemaker never got his apples - he just lost shoes. It seems that value never disappeared from the planet. It is just that some got more than some others. So is the reason that countries suffer financial problems the gap between the rich and the poor?


Because they could move, the same reason you don't raise it today. If demand for housing doesn't increase then if you raised your rent by 50% after minimum wage went up that much you would be well above the market rate. Also in your scenario you know your renters are minimum wage workers who just got a raise. Most landlords don't know that much detail about their renters finances.


But.. what I really want to know.... is it illegal, particularly the clause REQUIRING a trade in to qualify for the advertised price? The price is always net of all the parts of the deal. As an example they gave the price if you have $4000 trade in. If you have no trade in, or a trade in worth less than 4K, your final price for the new car will be more. Of course how do you know that the trade in value they are giving you is fair. It could be worth 6K but they are only giving you a credit of 4K. If you are going to trade in a vehicle while buying another vehicle the trade in should be a separate transaction. I always get a price quote for selling the old car before visiting the new car dealer. I do that to have a price point that I can judge while the pressure is on at the dealership.. Buying a car is a complex deal. The price, interest rate, length of loan, and the value of the trade in are all moving parts. It is even more complex if a lease is involved. They want to adjust the parts to be the highest profit that you are willing to agree to, while you think that you are getting a good deal. This is the fine print: All advertised amounts include all Hyundai incentives/rebates, dealer discounts and $2500 additional down from your trade in value. +0% APR for 72 months on select models subject to credit approval through HMF. *No payments or 90 days subject to credit approval. Value will be added to end of loan balance. 15MY Sonata - Price excludes tax, title, license, doc, and dealer fees. MSRP $22085- $2036 Dealer Discount - $500 HMA Lease Cash - $500 HMA Value Owner Coupon - $1000 HMA Retail Bonus Cash - $500 HMA Military Rebate - $500 HMA Competitive Owner Coupon - $400 HMA College Grad Rebate - $500 HMA Boost Program - $4000 Trade Allowance = Net Price $12149. On approved credit. Certain qualifications apply to each rebate. See dealer for details. Payment is 36 month lease with $0 due at signing. No security deposit required. All payment and prices include HMA College Grad Rebate, HMA Military Rebate, HMA Competitive Owner Coupon and HMA Valued Owner Coupon. Must be active military or spouse of same to qualify for HMA Military Rebate. Must graduate college in the next 6 months or within the last 2 years to qualify for HMA College Grad rebate. Must own currently registered Hyundai to qualify for HMA Valued Owner Coupon. Must own qualifying competitive vehicle to qualify for HMA Competitive Owner Coupon.


That Economist quote only offers a very weak argument. It doesn't argue from anything fundemental, it just says they think corporations borrow too much and the tax-code should remove this insentive to borrow. That's an arguement based on a feeling and weak. There's absolutely a logical consistency to allow a deduction for interest at the corporate level and not dividends. As mentioned, interest is an expense to a financier, dividends are distributed residual income.


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It sounds like something is getting lost in translation here. A business owner should not have to pay personal income tax on business expenses, with the caveat that they are truly business expenses. Here's an example where what you described could happen: Suppose a business has $200K in revenue, and $150K in legitimate business expenses (wages and owner salaries, taxes, services, products/goods, etc.) The profit for this example business is $50K. Depending on how the business is structured (sole proprietor, llc, s-corp, etc), the business owner(s) may have to pay personal income tax on the $50K in profit. If the owner then decided to have the business purchase a new vehicle solely for personal use with, say, $25K of that profit, then the owner may think he could avoid paying income tax on $25K of the $50K. However, this would not be considered a legitimate business expense, and therefore would have to be reclassified as personal income and would be taxed as if the $25K was paid to the owner. If the vehicle truly was used for legitimate business purposes then the business expenses would end up being $175K, with $25K left as profit which is taxable to the owners. Note: this is an oversimplification as it's oftentimes the case that vehicles are partially used for business instead of all or nothing. In fact, large items such as vehicles are typically depreciated so the full purchase price could not be deducted in a single year. If many of the purchases are depreciated items instead of deductions, then this could explain why it appears that the business expenses are being taxed. It's not a tax on the expense, but on the income that hasn't been reduced by expenses, since only a portion of the big ticket item can be treated as an expense in a single year.


I'm not familiar with Gnucash, but I can discuss double-entry bookkeeping in general. I think the typical solution to something like this is to create an Asset account for what this other person owes you. This represents the money that he owes you. It's an Accounts Receivable. Method 1: Do you have/need separate accounts for each company that you are paying for this person? Do you need to record where the money is going? If not, then all you need is: When you pay a bill, you credit (subtract from) Checking and debit (add to) Friend Account. When he pays you, you credit (subtract from) Friend Account and debit (add to) Checking. That is, when you pay a bill for your friend you are turning one asset, cash, into a different kind of asset, receivable. When he pays you, you are doing the reverse. There's no need to create a new account each time you pay a bill. Just keep a rolling balance on this My Friend account. It's like a credit card: you don't get a new card each time you make a purchase, you just add to the balance. When you make a payment, you subtract from the balance. Method 2: If you need to record where the money is going, then you'd have to create accounts for each of the companies that you pay bills to. These would be Expense accounts. Then you'd need to create two accounts for your friend: An Asset account for the money he owes you, and an Income account for the stream of money coming in. So when you pay a bill, you'd credit Checking, debit My Friend Owes Me, credit the company expense account, and debit the Money from My Friend income account. When he repays you, you'd credit My Friend Owes Me and debit Checking. You don't change the income or expense accounts. Method 3: You could enter bills when they're received as a liability and then eliminate the liability when you pay them. This is probably more work than you want to go to.


"So you're making $150,000 per year and you have $245,000 in debts. You're in your late 30s and have $41,000, or less than 1/3 of a year's pay, put away for retirement. That's a bad situation, but not disastrous. Lots of people have recovered from far worse. But like the old joke goes, when you realize that you're deep in a hole, STOP DIGGING. The worst thing you could do right now is liquidate the few assets you have and go deeper into debt. I don't know where you live or what the housing market is there. But the easy answer is: find a cheaper house. I'm not sure what you mean about ""affect the resale value"". Yes, if you buy a cheaper house it will have a lower resale value. So what? The days when a house was an investment that would skyrocket in value are over. (And even in those days, it didn't help most people. So when you move, you get a big profit on the sale of your house. But the house you're moving to probably went up by a similar percentage, so you really didn't gain anything.) Even if your house did increase in value, unless you sell it, that doesn't help you make the mortgage payments. It's a paper profit. Get yourself out of debt. Step 1 is to stop taking on new debts. And if at all possible, you should be putting bare minimum 6% into your retirement plan. I don't know where you work, but most employers match some percentage of the first 6% you put in. If you don't take advantage of that, you're giving up free money."


If you are not working, I believe you would be getting some money from your family to meet your expenses. In such a case, I would start with maintaining a Cash A/c which would list your monthly expenses and the money you received, which is what I used to do at your age. You can maintain it in a notebook with pen/pencil or using online tools such as Google Sheets. Enter each expense entries each day as debits and entries towards any money you receive as credits. At the end of the month, tally them and see how much you have left. Also, this gives you a clear picture of where your expenses are what is that you can avoid. On longer term, this can help you form an annual budget for your personal finances.


Quant here The best undergrad for getting into MFE is mathematics, second best physics, etc... I think you get the trend here. There are computational finance PhDs which blend math, finance and programming which IMO are a much better value for money (because they are free). Also masters level courses concentrate on breadth rather than depth. They are good for consulting, starting out at a desk etc.. PhD programs are for academics and for more in depth model building. Take math, lots of it. Use your summers to get internships and built networks and experience.


"What do you mean ""Not Coming Back""? It seems to be coming back to 1990 prices, but not fast enough. I'd love to see it come back to 1970 prices. I don't understand it when people say that ""Housing"" is not improving, when prices go lower. When gas is cheaper, as far as my budget is concerned, it's improving! When food is cheaper, it's also improving! Of course, this is assuming it's really cheaper and not some artifact of unhealthy bioengineering, war, or simply costing ""fewer US dollars"" due to fiscal manipulation. Housing improves when prices go down, because it improves my chances of being able to afford one. If lower prices are caused by demographics, student debt, and no jobs - I say, it can't come soon enough. I want it!"


Not limiting... I just would not excel at that. I learn socializing a lot slower than others, I like being honest and straight forward above manipulating people with psychology. Heck, I'd say I'm on the spectrum. It goes against what I am to be managing people. It goes against what I believe. It is a shame the world thinks such paths are superior.


So they created a product that was almost guaranteed to fail for retail investors over time. In other words, they created a vehicle to allow gambling, and they were the house. They were then fined $3.5m for doing so. Add that to the sheer number of cons they've been running, and you have regulator capture at its finest. They are not affraid of being caught, and they are brazen in the scope. It's time to break them up. > It's the latest black eye for Wells Fargo. Over the past 13 months, the bank has admitted opening 3.5 million potentially fake customer accounts, forcing up to 570,000 borrowers into unneeded car insurance, and wrongly charging homebuyers fees to lock in mortgage rates.


I agree minimum wage shouldn't be thag high because it takes away the motive to improve and cuts profits. As some one who eorks those jobs very little actual skill is required besides not yelling back st people when their rude. Not that hard


I do not think the bank would consider the 52K as equity. Typically, a rent-to-own lease is technically a lease-option contract where you lease for a fixed amount and at some point during the lease you have the option to buy it at a discounted price. I think the bank would consider it a negotiated price. I know that those down payment assistance plans are considered price negotiation by the IRS for the purpose of basis cost and I suspect this would be similar where your basis is $236,800 and not $296,000.


You have to call Interactive Brokers for this. This is what you should do, they might even have a web chat. These are very broker specific idiosyncrasies, because although margin rules are standardized to an extent, when they start charging you for interest and giving you margin until settlement may not be standardized. I mean, I can call them and tell you what they said for the 100 rep.


Yes. Wash rules are only for losses.


Any portfolio, even one composed of risk-free assets is subject to risk. That said, to short an equity without margin risk, puts can provide. To replicate a short without excess margin, an at the money put should be used. To take on less leverage, a deep in the money put can be used. Puts are not available on equities deemed illiquid by regulation. A long/short portfolio can help mitigate variance risk, but then the problem becomes the risk of a lack of volatility since options decline in value over time and without a beneficial change in the underlying.


No matter what, it is never a bad decision to go 100% debt free. However, you can make debt work in your favor in some cases (investments, education, etc.), but you need to approach it with a plan and long term strategy. Interest, fees, and loss of value can quickly eat up any gains.


"Yes, it's normal. If you ""buy"" your own disability insurance with after tax money, any payout you get is non taxable. If your employer ""buys"" your disability insurance with their own money, any payout you get is taxable. Since the payout is not 100% of your pre-disability income, most folks strongly prefer that the payout be non taxable. To achieve this, I pay the premiums on behalf of my employees (including myself) and then add that premium to their salary as a taxable benefit. In effect I paid it to them, then took it from them and used it to buy the insurance. (It has no impact on my corporate taxes since I can either deduct premiums or salaries, same either way.) This ensures they won't pay tax if they should collect. And I have had people collect, and it was non-taxable to them."


All websites pull Statement data line by line from central databases. They get to choose which line items to pull, and sometimes they get the plus/minus wrong and sometimes the Statements they recreate don't add up. Nothing you can do about it. All the sites have problems. I personally think the best is Morningstar eg http://financials.morningstar.com/income-statement/is.html?t=POT&region=can&culture=en-US Use these summary sites at the start of your decision process, but later confirm the facts straight from the Edgar or Sedar for Cdn companies http://www.sedar.com/search/search_form_pc_en.htm


The only way I could see you fighting this is by saying that portion of the contract is unenforceable. Contracts are only allowed to cover reasonable things. You can't demand someones first born child (illegal) and can't demand they fly to the moon magically (improbability). So the gambit here would be saying that its impossible for people to control what their guests do after staying somewhere. Counter would be: you shold make your guests sign contracts. Another argument could be that since the hotel never mentioned any time limits, its overbearing to essentially say 'you can never say anything bad about us *for the rest of time*'.


Unfortunately, I can't simply write a check. Why not? Getting a certified check or a money draft from your original bank would be the safest way of transferring money. You can also get it wired directly -- talk to your new bank and see if they can get something set up for you.


"Meh, not really. While there was some idea that housing prices would continue to rise forever, the packaging of bad loans has nothing to do with optimism, that's outright fraud. If you really want to stretch the definition, you might be able to say they had a fantasy that they weren't going to get caught because...well they hadn't for nearly two decades. Honestly though, just google ""fraud housing market"" or ""mortgage banks"" and you'll find more than enough direct proof of fraud and deception."


I second @DumbCoder, every company seems to have its own way of displaying the next dividend date and the actual dividend. I keep track of this information and try my best to make it available for free through my little iphone web app here http://divies.nazabe.com


"I'm curious and surprised its to their advantage to do this in the US adding: is the US ""buying work"" via some kind of massive governmental support, similar to Foxconn's new microchip plant in Wisconsin, where [Wisconsin is paying ~237K per job](https://www.washingtonpost.com/news/wonk/wp/2017/07/27/foxconn-deal-would-cost-wisconsin-230700-per-worker/?utm_term=.0932614d3329&tid=sm_tw) and [Foxconn is exempt from environmental law?](https://www.wpr.org/wisconsin-foxconn-deal-waives-environmental-regulations)"


If I could get places without driving myself, I definitely would. This country is beautiful when seen from the road, but to really see it well, you have to be the passenger, not the driver. The driver has to keep his or her eyes on the road and only glance at scenery. The passengers can look at whatever they want or do whatever they want. Bring on the self-driving cars!


Yes you can't simply withdraw your super until you are aged 60 (and that may go up slightly on Budget night 13/05/14). But you can roll it over into a SMSF where you decide where you invest your super funds. However, I would advise against you starting a SMSF at this early age with a very small super fund account. The Admin. and audit fees would eat your super account up in one year. It is recommended that you have at least $300,000 to $400,000 in super fund assets before starting a SMSF to make the fees competitive and efficient. Now if you are with a partner and start a SMSF together, then it is your combined funds that need to be over the $300K mark (a SMSF can have between 1 to 4 members). The cheapest fund I could find was First State Super. The fees are $52 + 0.64% per year (for the High Growth option). So for a balance of $1000 you would pay $58.40 or 5.84% per year. The High Growth Investment Option has returned 18.4% over the last year, 12.7% pa over the last 5 years, and 8.2% pa over the last 10 years (which includes the period covering the GFC). So even with a small balance of $1000 your super investment will still continue to grow. If you could slowly grow your super account to $2000 your fees would be $64.80 or 3.24%, and at $3000 balance your fees would be $71.20 or 2.37%. The great thing about super is the tax advantages. You may be complaining now about fees on a small balance, and yes you should try to minimise these fees, not only when you have a small balance but also when your balance is larger, but the tax advantages available through superannuation will really come into play when you are on a high income paying the tax at or near the highest marginal tax rate. Compare the top marginal tax rate (plus Medicare Levy) at 46.5% compared to the tax rate of 15% on super contributions and investment returns. And it gets better, when you retire and take a pension or lump sum from your super after age 60 you pay zero tax on the income stream or lump sum. and you also pay zero tax on any ongoing investment returns in your super. The benefits of superannuation are numerous, and the best way to reduce your fees for now is to find a fund with lowest fees, try to increase your balance so your percentage fees go down, and try to consolidate all your super funds into the one with the lowest fees, if you have more than one super fund.


You can find the details in the IRS instructions for the form 5405. Summary - you have to repay the credit if you move, even if it is because you were laid off. However, if you sell the house, the repayment is limited by your gains. If you sell at a loss - you don't need to repay. Also, if you die, you don't have to repay, don't know if it helps.


Commonly recommended books: Intelligent Investor - Graham One Up On Wall Street - Lynch The Essays of Warren Buffett : Lessons for Corporate America - Cunningham Graham's book should be mandatory reading for this sub. Lynch's book talks about leveraging your personal expertise to make intelligent investment choices. Cunningham's is a compilation of Warren Buffett's letters to shareholders of BH with some commentary. It covers a wider range of material, but the lessons on corporate governance are very useful when doing valuation.


"Seriously. I can't tell you how many times I hear this scenario: Kid graduates college; kid runs out and signs lease on apartment ""because that's what you do""**; kid complains that he's in financial trouble and can't make ends meet. Housemate sharing is most famously displayed in hit shows like Big Bang Theory or New Girl. They get a much nicer place with better furnishings for way less money. (However don't hook up with close neighbors or friends of other housemates, they do it for awkward laughs but it really results in awkward departure.) It's more financially responsible. It means the rest of your financial life will have more slack. And when you move, obviously, it's no big deal, you just give all the notice you can, and go to the next town and find another housemate share. ** I suspect a very significant factor is bringing home dates. Well, there's nothing sexy about taking your date to McDonalds because you can't afford anything more. See those shows... it works fine, you just have to be sensible about housemate choices. Pick housemates who view things the same way, and who themselves are invested in making the shared space attractive, and aren't going to mind some ...activities... once in awhile."


Roofs will always need repairs. These jobs cant be outsourced. But we found a way to bring people here to take them from Americans. These are the exact jobs we need to protect. Cut off the foreign labor, raise the wages, then prices, and we will all pay because we have to. But more Americans will have good jobs.


It's the direct result of shareholders insisting their capital must return the absolute maximum possible yield, which means leaving workers incomes behind, among other nasty things. We forget, that American citizens *allow* corporations to exist, for the benefit of society.


"Coming from someone who has worked a in the account servicing department of an actual bank in the US, other answers are right, this is probably a scam, the phone number on the letter is probably ringing to a fraudulent call center (these are very well managed and sound professional), and you must independently locate and dial the true contact number to US Bank. NOW. Tell them what happened. Reporting is critical. Securing your money is critical. Every piece of information you provided ""the bank"" when you called needs to be changed or worked around. Account numbers, passwords, usernames, card numbers get changed. Tax ID numbers get de-prioritized as an authentication mechanism even if the government won't change them. The true bank probably won't transfer you to the branch. If the front-line call center says they will, ask the person on the phone what the branch can do that they cannot. Information is your friend. They will probably transfer you to a special department that handles these reports. Apparently Union Bank's call center transfers you to the branch then has the branch make this transfer. Maybe their front-line call center team is empowered to handle it like I was. Either way, plug your phone in; if the call takes less than 5 minutes they didn't actually do everything. 5 to 8 minutes per department is more likely, plus hold time. There's a lot of forms they're filling out. What if that office is closed because of time differences? Go online and ask for an ATM limit increase. Start doing cash advances at local banks if your card allows it. Just get that money out of that account before it's in a fraudsters account. Keep receipts, even if the machine declines the transaction. Either way, get cash on hand while you wait for a new debit card and checks for the new account you're going to open. What if this was fraud, you draw your US Bank account down to zero $800 at a time, and you don't close it or change passwords? Is it over? No. Then your account WILL get closed, and you will owe EVERYTHING that the fraudsters rack up (these charges can put your account terrifyingly far in the negative) from this point forward. This is called ""participation in a scam"" in your depository agreement, because you fell victim to it, didn't report, and the info used was voluntarily given. You will also lose any of your money that they spend. What if US Bank really is closing your account? Then they owe you every penny you had in it. (Minus any fees allowed in the depository agreement). This closure can happen several days after the date on the warning, so being able to withdraw doesn't mean you're safe. Banks usually ship an official check shipped to the last known address they had for you. Why would a bank within the United States close my account when it's not below the minimum balance? Probably because your non-resident alien registration from when you were in school has expired and federal law prohibits them from doing business with you now. These need renewed at least every three years. Renewing federally is not enough; the bank must be aware of the updated expiration date. How do I find out why my account is being closed? You ask the real US Bank. They might find that it's not being closed. Good news! Follow the scam reporting procedure, open a new account (with US Bank if you want, or elsewhere) and close the old one. If it IS being closed by the bank, they'll tell you why, and they'll tell you what your next options are. Ask what can be done. Other commenters are right that bitcoin activity may have flagged it. That activity might actually be against your depository agreement. Or it set off a detection system. Or many other reasons. The bank who services your account is the only place that knows for sure. If I offer them $500 per year will they likely keep the account opened? Otherwise I got to go to singapore open another account Legitimate financial institutions in the United States don't work this way. If there is a legal problem with your tax status in the US, money to the bank won't solve it. Let's call the folks you've talked to ""FraudBank"" and the real USBank ""RealBank,"" because until RealBank confirms, we have no reason to believe that the letter is real. FraudBank will ask for money. Don't give it. Don't give them any further information. Gather up as much information from them as possible instead. Where to send it, for example. Then report that to RealBank. RealBank won't have a way to charge $500/year to you only. If they offer a type of account to everyone that costs $500, ask for the ""Truth in Savings Act disclosures."" Banks are legally required to provide these upon request. Then read them. Don't put or keep your money anywhere you don't understand."


It is supported by inflation and historical values. if you look at real estate as well as the stock market they have consistently increased over a long period of history even with short term drops. It is also based on inflation and the fact that the price of land and building material has increased over time.


"Okay, so you don't know what other options are available, understood. No need to be a dick. In other industries, deals and transactions are invalidated, reversed, refunded or other measures taken all the time when they're based on invalid information. Hence, why I was asking what options there are for these situations. I know that if I saw CSCO go down 40% and the info scanned on official sources that I would dump a ton of money into buying it up if I had it available. I mean, hell, it's Cisco Systems who practically owns the internet. They'll be back up from that hit and fairly quickly. To find out that was all just because some over-worked programmer put a comma where there should have been a period would have me on the warpath if trend was actually the other way. With the amount of money that flows through such a system, there has to be some kind of process for dealing with these things. If you don't know, then no worries. There's no need to jump on me for asking a question when a simple ""I don't know"" would suffice."


I disagree with the reply. Your both impressions are correct. - Do not close old credit cards because they keep your credit rating high (fico score) - Also low utilization that credit cards report to credit rating companies, improves your rating.


Then tax the 1% and tell the NY government to knock it off with shitty building codes, you need more construction, right? You getting upset with people maximizing their investments is futile. If you own something, IT IS YOUR JOB TO MAXIMIZE ITS VALUE.


10 year US Treasury bonds are currently yielding 3.46%. If you're offered an investment that looks better than that, you should ask yourself why big investors are putting their money in US Treasuries instead of what you've been offered. And obviously at 3.46% per year, you're not going to get rich quick -- it will take you over twenty years to double your money, and that's without allowing for inflation.


> You cant teach fantasy football. > I agree that it isn't worth much, but to speak as though its completely worthless is ignorant. There are people who play daily fantasy football who earn a fortune. There are people who major in English, and move onto very successful writing careers in many different areas. Neither area is a very safe career to support a family. Both are more small % of people making great incomes, and most making nothing.


"> The latest outbreak was first noted by iwaspoisoned.com, a website that crowdsources reports of customer illnesses following visits to restaurants. The goal, it says, is ""safer food, safer communities and a healthier economy."" Yet, as Bloomberg reported last week, hedge funds looking to profit from others' bad luck can also access a ""souped up"" version of the site for a $5,000 monthly fee. > > Aaron Allen, principal at Aaron Allen & Associates, a restaurant industry consultancy, posited in a LinkedIn post on Monday morning that the Chipotle illness might not just be a matter of luck. ""A lot of things stacked up that made it suspicious,"" he told Bloomberg in an interview on Monday, ""and when you look at it from a statistical point of view, even more suspicious."""


You aren't getting a straight answer because nobody knows why those regulations are the way they are. Everyone has to give this information to open the brokerage account or for any access to the US financial system whether it is with a bank account, or a brokerage account. Everyone also typically gives this information to their employer to be employed at all for IRS regulations. The SEC isn't going to do anything with the data, unless you do something illegal related to the stock market, then they will know who you are. The IRS isn't going to do anything with the data, unless you are noncompliant in paying taxes, then they will know who you are.


"It certainly seems like you are focusing on the emotional factors. That's your blind spot, and it's the surest path to a situation where your husband gets to say ""I told you so"". I recommend you steer straight into that blind spot, and focus your studies on the business aspects of buying and owning homes. You should be able to do spreadsheets 6 ways from Sunday, be able to recite every tax deduction you'll get as a homeowner, know the resale impacts of 1 bathroom vs 2, tell a dirty house from a broken house, etc. Everybody's got their favorites, mine are a bit dated but I like Robert Irwin and Robert Allen's books. For instance: a philosophy of Allen's that I really like: never sell. This avoids several problems, like the considerable costs of money, time and nerves of actually selling a house, stress about house prices, mistaking your house's equity for an ATM machine, and byzantine rules for capital gains tax mainly if you rent out the house, which vary dramatically by nation. In fact the whole area of taxes needs careful study. There's another side to the business of home ownership, and that's renting to others. There's a whole set of economics there - and that is a factor in what you buy. Now AirBNB adds a new wrinkle because there's some real money there. Come to understand that market well enough to gauge whether a duplex or triplex will be a money maker. Many regular folk like you have retired early and live off the rental income from their properties. JoeTaxpayer has an interesting way of looking at the finances of housing: if a house doesn't make sense as a a rental unit, maybe it doesn't make sense as a live-in either. So learn how to identify those fundamentals - the numbers. And get in the habit of evaluating houses. Work it regularly until it's second nature. Then, yes, you'll see houses you fall in love with, partly because the numbers work. It also helps to be handy. It really, really changes the economics if you can do your own quality work, because you don't need to spend any money on labor to convert a dirty house into a clean house. And lots of people do, and there's a whole SE just for that. There is a huge difference between going down to the local building supply and getting the water pipe you need, vs. having to call a plumber. And please deal with local businesses, please don't go to the Big Box stores, their service is abominable, they will cheerfully sell you a gadget salad of junk that doesn't work together, and I can't imagine a colder and less inviting scene to come up as a handy person."


Furthermore, in 2003 when the Nissan plant expanded in Canton, MS (suburb of Jackson), which is a very similar job market to Montgomery, AL, three times as many people [applied](http://www.freerepublic.com/focus/f-news/837740/posts). Keep in mind that the job market was pretty good in Jackson at the time. Basically, they open these plants in the South where labor is cheap and Union strength is low. For the applicants, one of these jobs could be the key to a better future due to a pay rate that is much higher than the local average. Not only is this the case for uneducated and unskilled workers, but it is even attractive to those who are educated and likely underpaid due to the economics of the region. TL;DR Nothing to see [here](http://www.dailykos.com/story/2012/05/30/1096008/-When-good-jobs-are-available-the-queue-goes-around-the-block)...


">> So, for every trading partner, you need a unique EDI process. > You don't have EDI operators in US? Trust me: those ""EDI operators"" (called ""EDI Service Bureaus"" in the US) have a unique EDI map for each trading partner, because, as I said, each trading partner sends the EDI data in a completely different way. And EDI service Bureaus charge $$$ per message... so a lot of businesses who are heavy into EDI (like my company) find it more cost effective to have in-house EDI operation. Also, once the custom EDI map is done, it will probably be used with no changes for the next 10 years... at least... > In our process we ideally have PO number... Even if you have a PO number, each supplier sends the EDI invoice in a totally different format. In any case, freight invoices have to be matched to warehouse freight records, goods-receipt invoices have to be verified against receiving in the warehouse, office supplies invoices have to be reviewed to make sure allowed items were ordered, charges for temporary labor have to be approved by hiring managers, invoices for legal work have to be matched Matter cases, etc. Shortly, invoices from suppliers are for many different types of services handled by many different departments."


"Boston here. Cabs here are incredibly overpriced and hard to find outside out a few areas which always have cabs in them. Dispatchers are slow, rude and cabs dont always turn up. Uber has been a breath of fresh air in this neighborhood from a consumer POV. That being said - this stuff with Lyft is some underhanded bullshit. Uber has positive PR already from consumers, which is why they're able to be a business as well as an advocacy group for breaking down taxi monopolies. This kind of shit would put them on the wrong side of consumers, who atleast in the Boston area more or less view them as the ""good guys""."


It depends on what your goals are, your age, how much debt you have, etc. Assuming -- and we all know what happens when you assume -- that your financial life is otherwise in order, the 5% to 10% range you're talking about isn't overinvesting. You won't have a lot of company; most people don't own any. One comment on this part: I have some gold (GLD), but not much ... Gold and GLD are not the same thing at all. Owning shares of the SPDR Gold Trust is not the same thing as owning gold coins or bars. You're achieving different ends by owning GLD shares as opposed to the physical yellow metal. GLD will follow the spot price of gold pretty closely, but it isn't the same thing as physical ownership.


sure, thats the whole purpose of getting yourself to a point where you can run a business to take that away because it causes an 'imbalance' is like taking away someones savings because its not fair that they have money to bargain with against someone who has no savings


I'd contact paypal to request clarification. In the meantime, most banks will credit outgoing transfers immediately but process later, and only debit incoming after it passes through a processing team. So while the money will go out right away it may take a few days for your bank to actually process the withdrawal and the subsequent reversal from Paypal. In reality Paypal doesn't usually recieve the money immediately either, but they extend you credit to speed up things. Either way, it doesn't hurt to contact Paypal to make sure they have reverted the amount to your bank, and if they confirm such you can also reach out to your bank and ask where the money is stuck. Usually delays like this will happen in the interface between two unrelated financial institutions.


It depends. If you’re a lowly peon, bankrupting is bad because you deprive the hard-working bourgeois who have worked very hard to give you some debt, and by not repaying your debt to them, you are punishing their business success and depriving them of their rightfully owned interest (and principal). And this is not moral at all, as this is highly frowned upon by the lord Jesus Christ himself. However, if you’re a big croporation, bankrupcy is good because it enables you to restructure your financial environment to insure a better efficiency in maximizing the debt-to-equity ratio of your stakeholders without tying them up with excessive liability that would be detrimental to their cash flow positivity.


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"You cannot determine this solely by the ticker length. However, there are some conventions that may help steer you there. Nasdaq has 2-4 base letters BATS has 4 base letters NYSE equity securities have 1-4 base letters. NYSE Mkt (formerly Amex) have 1-4 base letters. NYSE Arca has 4 base letters OTC has 4 base letters. Security types other than equities may have additional letters added, and each exchange (and data vendors) have different conventions for how this is handled. So if you see ""T"" for a US-listed security it would be only be either NASDAQ, NYSE or NYSE Mkt. If you see ""ANET"" then you cannot tell which exchange it is listed on. (In this case, ANET Arista Networks is actually a NYSE stock). For some non-equity security types, such as hybrids, and debt instruments, some exchanges add ""P"" to the end for ""preferreds"" (Nasdaq and OTC) and NYSE/NYSE Mkt have a variety of methods (including not adding anything) to the ticker. Examples include NYSE:TFG, NYSEMkt:IPB, Nasdaaq: AGNCP, Nasdaq:OXLCN. It all becomes rather confusing given the changes in conventions over the years. Essentially, you require data that provides you with ticker, listing location and security type. The exchanges allocate security tickers in conjunction with the SEC so there are no overlaps. eg. The same ticker cannot represent two different securities. However, tickers can be re-used. For example, the ticker AB has been used by the following companies:"


If you lived in a gang banger / drug dealer's house, ate his food, watched his TV, wore the clothes he provides, *while* being a legal adult fully able to move out and be independent if one chooses... wouldn't that *imply* acceptance and approval of the person's drug dealing lifestyle?


A quick search shows that https://www.westernunion.com/de/en/send-money/start.html says they will transfer €5,000 for a cost of €2.90. Assuming you can do a transfer every week, that would be six weeks at a cost of €17.40. €17.40 is slightly less than €1,500.00. I'm sure there are more ways.


It's interesting how the sentiment of a thread or phrasing of content affects voting. I basically said: > If a company wants to take advantage of the infrastructure (e.g. police, fire department, legal system, roads, street cleaning, clean water, etc.) then they should pay their fair share. What's so hard to understand about that? Yet that gets way up and mine goes way down. Just interesting.


The interest on a loan secured by a rental property is not deductible at all. The interest on a loan used to buy (or improve) the rental property is deductible, regardless of where you got it from (you can take money from your credit card to buy a rental - it will be deductible). The deductability is per the use of the money, not the source, with the cash-out up to 100K from your primary residence being the notable exception.


"There are a few questions that need qualification, and a bit on the understanding of what is being 'purchased'. There are two axioms that require re-iteraton, Death, and Taxes. Now, The First is eventually inevitable, as most people will eventually die. It depends what is happening now, that determines what will happen tomorrow, and the concept of certainty. The Second Is a pay as you go plan. If you are contemplating what will heppen tomorrow, you have to look at what types of ""Insurance"" are available, and why they were invented in the first place. The High seas can be a rough travelling ground, and Not every shipment of goods and passengers arrived on time, and one piece. This was the origin of ""insurance"", when speculators would gamble on the safe arrival of a ship laden with goods, at the destination, and for this they received a 'cut' on the value of the goods shipped. Thus the concept of 'Underwriting', and the VALUE associated with the cargo, and the method of transport. Based on an example gallion of good repair and a well seasoned Captain and crew, a lower rate of 'insurance' was deemed needed, prior to shipment, than some other 'rating agency - or underwriter'. Now, I bring this up, because, it depends on the Underwriter that you choose as to the payout, and the associated Guarantee of Funds, that you will receive if you happen to need to 'collect' on the 'Insurance Contract'. In the case of 'Death Benefit' insurance, You will never see the benefit, at the end, however, while the policy is in force (The Term), it IS an Asset, that would be considered in any 'Estate Planning' exercise. First, you have to consider, your Occupation, and the incidence of death due to occupational hazards. Generally this is considered in your employment negotiations, and is either reflected in the salary, or if it is a state sponsored Employer funded, it is determined by your occupational risk, and assessed to the employer, and forms part of the 'Cost-of-doing-business', in that this component or 'Occupational Insurance' is covered by that program. The problem, is 'disability' and what is deemed the same by the experience of the particular 'Underwriter', in your location. For Death Benefits, Where there is an Accident, for Motor Vehicle Accidents (and 50,000 People in the US die annually) these are covered by Motor Vehicle Policy contracts, and vary from State to State. Check the Registrar of State Insurance Co's for your state to see who are the market leaders and the claim /payout ratios, compared to insurance in force. Depending on the particular, 'Underwiriter' there may be significant differences, and different results in premium, depending on your employer. (Warren Buffet did not Invest in GEICO, because of his benevolence to those who purchase Insurance Policies with GEICO). The original Poster mentions some paramaters such as Age, Smoking, and other 'Risk factors'.... , but does not mention the 'Soft Factors' that are not mentioned. They are, 'Risk Factors' such, as Incidence of Murder, in the region you live, the Zip Code, you live at, and the endeavours that you enjoy when you are not in your occupation. From the Time you get up in the morning, till the time you fall asleep (And then some), you are 'AT Risk' , not from a event standpoint, but from a 'Fianancial risk' standpoint. This is the reason that all of the insurance contracts, stipulate exclusions, and limits on when they will pay out. This is what is meant by the 'Soft Risk Factors', and need to be ascertained. IF you are in an occupation that has a limited exposure to getting killed 'on the job', then you will be paying a lower premium, than someone who has a high risk occupation. IT used to be that 'SkySkraper Iron Workers', had a high incidence of injury and death , but over the last 50 years, this has changed. The US Bureau of Labor Statistics lists these 10 jobs as the highest for death (per 100,000 workers). The scales tilt the other way for these occupations: (In Canada, the Cheapest Rate for Occupational Insurance is Lawyer, and Politician) So, for the rest in Sales, management etc, the national average is 3 to 3.5 depending on the region, of deaths per 100,000 employed in that occupation. So, for a 30 year old bank worker, the premium is more like a 'forced savings plan', in the sense that you are paying towards something in the future. The 'Risk of Payout' in Less than 6 months is slim. For a Logging Worker or Fisher(Men&Women) , the risk is very high that they might not return from that voyage for fish and seafood. If you partake in 'Extreme Sports' or similar risk factors, then consider getting 'Whole Term- Life' , where the premium is spread out over your working lifetime, and once you hit retirement (55 or 65) then the occupational risk is less, and the plan will payout at the age of 65, if you make it that far, and you get a partial benefit. IF you have a 'Pension Plan', then that also needs to be factored in, and be part of a compreshensive thinking on where you want to be 5 years from today."


Would you mind adding where that additional value comes from, if not from the losses of other investors? You asked this in a comment, but it seems to be the key to the confusion. Corporations generate money (profits, paid as dividends) from sales. Sales trade products for money. The creation of the product creates value. A car is worth more than General Motors pays for its components and inputs, even including labor and overhead as inputs. That's what profit is: added value. The dividend is the return that the stock owner gets for owning the stock. This can be a bit confusing in the sense that some stocks don't pay dividends. The theory is that the stock price is still based on the future dividends (or the liquidation price, which you could also consider a type of dividend). But the current price is mostly based on the likelihood that the stock price will increase rather than any expected dividends during ownership of the stock. A comment calls out the example of Berkshire Hathaway. Berkshire Hathaway is a weird case. It operates more like a mutual fund than a company. As such, investors prefer that it reinvest its money rather than pay a dividend. If investors want money from it, they sell shares to other investors. But that still isn't really a zero sum game, as the stock increases in value over time. There are other stocks that don't pay dividends. For example, Digital Equipment Corporation went through its entire existence without ever paying a dividend. It merged with Compaq, paying investors for owning the stock. Overall, you can see this in that the stock market goes up on average. It might have a few losing years, but pick a long enough time frame, and the market will increase during it. If you sell a stock today, it's because you value the money more than the stock. If it goes up tomorrow, that's the buyer's good luck. If it goes down, the buyer's bad luck. But it shouldn't matter to you. You wanted money for something. You received the money. The increase in the stock market overall is an increase in value. It is completely unrelated to trading losses. Over time, trading gains outweigh trading losses for investors as a group. Individual investors may depart from that, but the overall gain is added value. If the only way to make gains in the stock market was for someone else to take a loss, then the stock market wouldn't be able to go up. To view it as a zero sum game, we have to ignore the stocks themselves. Then each transaction is a payment (loss) for one party and a receipt (gain) for the other. But the stocks themselves do have value other than what we pay for them. The net present value of of future payments (dividends, buyouts, etc.) has an intrinsic worth. It's a risky worth. Some stocks will turn out to be worthless, but on average the gains outweigh the losses.


The advice to invest in yourself is good advice. But the stock market can be very rewarding over the long pull. You have about 45 years to retirement now and that is plenty long enough that each dollar put into the market now will be many dollars then. A simple way to do this might be to open a brokerage account at a reputable broker and put a grand into a very broad based all market ETF and then doing nothing with it. The price of the ETF will go up and down with the usual market gyrations, but over the decades it will grow nicely. Make sure the ETF has low fees so that you aren't being overcharged. It's good that you are thinking about investing at a young age. A rational and consistent investment strategy will lead to wealth over the long pull.


>Genetic analysis of a tumor is less than a minute. Uh... right. Too bad that's biologically, chemically, and physically impossible. Reading and analyzing DNA is limited by enzyme speed and it must be done hundreds of times to get an accurate reading. You could jump 5000 years into the future and they still wouldn't be able to read an analyze a patient's genome in under a minute.


"This is somewhat unbelievable. I mean if you had a business of collecting debts, wouldn't you want to collect said debts? Rather than attempting to browbeat people with these delinquent debts into paying, you have someone volunteering to pay. Would you want to service that client? This would not happen in just about any other industry, but such is the lunacy of debt collecting. The big question is why do you need this cleared off your credit? If it is just for a credit score, it probably is not as important as your more recent entries. I would just wait it out, until 7 years has passed, and you can then write the reporting agencies to remove it from your credit. If you are attempting to buy a home or similarly large purpose and the mortgage company is insisting that you deal with this, then I would do the following: Write the company to address the issue. This has to be certified/return receipt requested. If they respond, pay it and insist that it be marked as paid in full on your credit. I would do this with a money order or cashiers check. Done. Dispute the charge with the credit reporting agencies, providing the documentation of no response. This should remove the item from your credit. Provide this documentation to the mortgage broker. This should remove any hangup they might have. Optional: Sue the company in small claims court. This will take a bit of time and money, but it should yield a profit. There was a post on here a few days ago about how to do this. Make part of any settlement to have your name cleared of the debt. It is counterproductive to fall into the trap of the pursuit of a perfect credit score. A person with a 750 often receives the same rate options as a person with 850. Also your relationship with a particular lender could trump your credit score. Currently I am ""enjoying"" the highest credit score of my life, over 820. Do you know how I did it? I got out of debt (including paying off the mortgage) and I have no intentions of ever going into debt for anything. So why does it matter? It is a bit ridiculous."


"This is the best tl;dr I could make, [original](https://www.bloomberg.com/news/articles/2017-09-21/s-p-lowers-china-s-rating-to-a-from-aa-says-outlook-stable) reduced by 87%. (I'm a bot) ***** > S&P Global Ratings cut China&#039;s sovereign credit rating for the first time since 1999, citing the risks from soaring debt, and revised its outlook to stable from negative. > &quot;It&#039;s bad optics for China, especially when they&#039;re out there from a policy and rhetorical standpoint talking about debt more and acknowledging their debt challenge,&quot; said Andrew Polk, co-founder of research firm Trivium China in Beijing. > The International Monetary Fund last month increased its estimate for China&#039;s average annual growth rate through 2020, while warning that it would come at the cost of rising debt that increases medium-term risks to growth. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/71j6ih/sandp_cuts_chinas_credit_rating_citing_risk_from/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~214028 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **China**^#1 **debt**^#2 **rate**^#3 **S&P**^#4 **growth**^#5"


> Why do people generally get so mad about high executive pay yet celebrate (or at least not care about) very large professional athletes contracts for their services and endorsement deals? I think both are outlandish. That said, I think there is more justification for high athlete compensation. Here are several reasons, (1) being the biggest. 1) A star athlete has star power and fills stadium seats. The hiring of this person is directly correlated to sales. 2) A professional athlete's skills can be more directly tied to a team's performance than a CEO. 3) Most professional athletes have a short career. They are expected to retire around 35. 4) The compensation of an athlete is a negotiation between the player and the team management. CEO compensation is much more one-sided since it is decided by the CEO and the board of directors, many of whom are also CEOs.


Sounds like an illiquid option, if there are actually some bidders, market makers, then sell the option at market price (market sell order). If there are not market makers then place a really low limit sell order so that you can sit at the ask in the order book. A lot of time there is off-book liquidity, so there may be a party looking for buy liquidity. You can also exercise the option to book the loss (immediately selling the shares when they get delivered to you), if this is an American style option. But if the option is worthless then it is probably significantly underwater, and you'd end up losing a lot more as you'd buy the stock at the strike price but only be able to sell at its current market value. The loss could also be increased further if there are even MORE liquidity issues in the stock.


I did this at taco bell basically. Can't believe It worked. Free combo when you buy a $20 gift card. Then I just did it again and paid with mu previous gift card. They let me do it for about a week


BoA was coerced into buying Countrywide by the Fed, to try to keep the housing industry from falling apart. It didn't work, but it did make for a more managed failure. After the sale, BoA and the Fed found out just how screwed up Countrywide was, after BoA had assumed financial liability. Now that BoA has sorted things out a bit and has money, New York is going after a bit of the damages caused by Countrywide in the first place. EDIT: [This is the guy](http://www.sec.gov/news/press/2010/2010-197.htm) that caused the mess in the first place. Probably should have been some jail time along with his record fine though.


Buybacks do not increase the company's value. Cash is traded for outstanding shares. This is similar to a dividend, but instead of cash, investors receive a rising share-price. Whether an investor prefers a cash dividend or capital gains is less important than the outcome that their investment is gaining value for them.


Personally, I use the earlier date in Quicken so that it looks like I lose money earlier. This isn't 100% accurate, but it keeps me from thinking my accounts have more money than they would otherwise have.


So your point is, because capitalism was the system used during this this last tech boom, it should be worshipped and never questioned? I get what sub were on. But we're not just a bunch of individual actors. We are part of a humanity. If the drastic wealth inequality, which breeds situations like this, doesn't concern you, we have to agree to disagree.


If I hire someone in Utah to do sales for me over the phone, and he works out of his home, am I required to register an LLC or file my current one as a foreign entity in Utah? Yes, since you've established presence in Utah. You'll register your current LLC in Utah, no point creating another one. If my sales guy, or I, call businesses in, say, Florida, and sell a few businesses our services for online work like maybe a website design, etc. Are we required to file our LLC In Florida as either a new LLC or a foreign one? No, you need to register where you (your company, including your employees or physical offices) are physically present. You don't need to register in any state you ship products or provide services to. If no-one of your company's employees is present in Florida and you don't have an office/rent a storage there - then you have no presence in Florida. If you actually go there to provide the services - then you do.


Taxes should never be hated. It should be an honor to contribute toward the common good of the nation. It used to be this way until they were made into a political weapon. Our nation used to raise taxes when we held debt and lower taxes when debt was low. Instead, this bullshit idea that taxes are bad was crammed down peoples throats, and now we're sitting at a significant debt that really started to take off with Reagan.


2 things:


Lol it's all good. Reddit just seems to be bothered when people do that. The confusion was from the word Platform. It could be thought of differently from a normal perspective to that of a programmer's. Probably should read it first though before posting anything.


Tax regulations vary from country to country - some permitting more deductions, some less - but here are a few guidelines. As regards the home-office: As regards the deductions: Think of it like this: in order to have space for a home-office you needed a bigger home. That leads to increased rates, heating, insurance and so on. Many tax regulators recognise that these are genuine expenses. The alternative is to rent a separate office and incur greater expenses, leading to increased deductions and less overall tax paid (which won't finance the deficit). The usual test for deductions is: was the expense legitimately incurred in the pursuit of revenue? The flexibility permitted will vary by tax authority but you can frequently deduct more than you expected.


no offense, but clicking through to that guys blog and fund page he seems like a charlatan and a snake oil salesman. It's not surprising that he doesn't like asset manager software because he himself is an asset manager. the software is trying to replace him. He doesn't make money by beating the market... he makes money by convincing others that he can... he is exactly the type of person that the original article is warning against investing with.


"The problem is ""what would have been"" without regulations. A good cause and effect is the Durbin amendment to DFA - they randomly regulated interchange debit card transactions (win for Walmart, loss for banks) so it no longer makes sense to offer free checking to poor people. WMT wins, banking loses, poor people lose. The other issue is maxing out regulations actually makes the system more frail as it promotes consolidation in the sector. Consultants love it - tons of free, easy, no thought work."


"Not going to pretend to know what any of that actually means mate, haha! But if it involves Brownian Motion/Ito then you might find something relatable in that paper. Plenty of stuff outside that, but most not as ""mathematically clean"" (ie will involve hacks to fit observed data), or on the flipside closer to philosophical stuff like Mandelbrot and (sigh) Taleb, who more or less do a great job of explaining why the gospel models are all crap (which is reasonable), and that real world markets can't be bunged into a nice cookie-cutter model."


Same here. I think the fact that it was such a challenge to find unlabeled clothing as a teen created an obsession within me to be completely label-free. I bought a Kate Spade and Michael Khors bag to wear with my business attire because I know how bitches can be when judging workplace success, but all my other labels are on snowgear and that's it.


Part of the new BB OS they have in the works is the ability to run Droid apps. If this turns out to be true, their biggest disadvantage will evaporate overnight. My expectations are not high, the friend who told me that left the company a month later, his reason being that when he was job hunting, he wanted that RIM job on his resume to actually mean something, and not just be an ugly dark spot.


You can get really nerdy with the EV calc, but I would just add that it's important to deduct any non-operating, non-consolidated assets in addition to the minority interest adjustment - e.g. unconsolidated subsidiaries, excess real estate, excess working capital, etc.


what's unrealistic? applying a DCF model to the two possible options? i didn't claim my description of the situation was comprehensive, didn't ask for input as to whether or not i was considering all possible factors. why couldn't i use a DCF for a personal choice? any why would i use a RFR if the undertaking requires a risk premium? (or at least doesn't have the same risk level)


I'd rather cut off a ball than move to Texas. Bunch of fake cowboys circle jerking each other's fake greatness in a godforsaken wasteland baking in the harsh sun. No ma'am. I'd rather not live in place that idolizes a perverted idea of a long dead rebellious republic. Guess I'm too American to want to live in Texas.


What I'm reading is that they subtracted the $85 you owe them and they're cutting you a cashier's check for the rest. Ethically speaking, you owed them the money, they subtracted it and made you a check for the rest. Once you cash that check, nobody owes anyone anything in this equation. Sounds like they're in the clear. Legally speaking, I have no idea, since I'm not a lawyer, but even if it was not legal, good luck getting the $85 back without spending far more in retaining a lawyer and fighting it in court. Even fighting it in small claims court will take more of your time than $85 is worth. If it's your time that is the problem, 12 days is not horrible in banking terms. Yes, we're spoiled now by ACH transfers and same day deposit availability, but since you're retired, I'm sure if you think back you'll remember when it used to take two business weeks to clear a check... TLDR; cancel future deposits to that bank, find a new bank, then forget this fiasco and get your revenge by enjoying your life.


"An investment in knowledge always pays the best interest, as Ben Franklin said. However, this is not a question I can answer for you, as it depends on the opportunities that are specifically available to you as an individual. Sometimes opportunities will knock on your door and you can take advantage, other times you have to create that door to allow opportunities to knock. Maybe you have a friend that is opening a side business, maybe there is a class you can get into at a trivial cost. What I suggest is to start investing just to get into the habit of it, not so much for the returns. Before you do, however, any financial advisor will advise you to begin with a emergency fund, worth about 3-6 months of your expenses for that time. I wanted to hit the ground running and start investing in stocks, but first things first I guess. ""Millionaire Next Door"" will help you get into a saving mindset, ""I will teach you to be rich"" is ok, plenty of other books. My advice is keep doing what you're doing, learn to start saving, and once you have obtained an emergency fund of the amount of your choosing, start looking to invest in Index Funds or ETFs through any platform that has LOW FEES!! I use Betterment, but Vanguard is good too, as they allow you to get your feet wet and it's passive. Hope this helps."


>Dollars to donuts... I'd be willing to bet you have a pretty good boss there. ...and she (my boss) left 6 months later for a better job. Now I report to a clueless idiot. He has no experience in our industry but was hired because he was part of the good old boys referral network the CEO has going on. He spent his time flipping companies for living prior to that. Now the veneer is starting to come crashing down, despite me trying to make my boss look good for these past ~2 years. He's desperately trying to find a corporate controller (interviewing) to dump his mess onto as I type this. People external to the department are starting to gather he's all buzz words and power points and no substance. We were bought out by a bigger company recently and he can't hide behind his usual bullshit. My new boss dropped the bombshell today that the girl who was in my position 3 years ago (but quit and took a managers job at a rival company through connections) in now a candidate for the corporate controller position. His reasoning hinged almost completely on the justification that she is already well like here and is familiar with the company. The girl doesn't even have a college degree. Let alone a masters. She left a tax mess on her way out that I've spent the last 3 years trying to fix from an administrative standpoint. Apparently the guy who kept my boss from looking like a total idiot (me) isn't worth mentoring up to the next level. But some random person with no college degree (but connections), and holes in her understanding of our line of work is a serious candidate for a promotion. It's amazing to watch the bad decisions compound themselves into bigger and bigger problems. My boss inherited a relatively well oiled accounting department and turned it into an audit nightmare. He doesn't know half of what goes on, on a daily basis but feels the need to change processes arbitrarily without understanding WHY we do what we do and how it relates to our industry and external compliance, let alone GAAP. It's quite apparent this ship is sinking. I'm trying my best to get off it now as of today. Trying to promote someone with less work experience and education over me was the last straw. The only good decision he made was realizing this girl's resume is a bunch of titles with no substance and realizing she wasn't a serious candidate, an hour after pissing me off calling me into a meeting to announce the joyous news.


So you're saying you can practice law and pass the bar without a law degree. Which was my point. No one said anything about anywhere just that it can be done. I also mentioned that it was illustrative. Keep screeching though.


All institutions, financial or otherwise, seek to maximize profits. In a free market, each bank would price its services to be competitive with the current state of the market. Since the currency conversion fee is generally a small part of the decision as to which bank to choose, banks can be non-competitive in this area. If this is an important consideration for you then you would need to find a bank with a lower conversion fee, but be prepared to have higher fees in other areas. TL;DR: The market bears it.


"This is the best tl;dr I could make, [original](http://www.dw.com/en/eu-and-japan-agree-trade-deal/a-39561536) reduced by 77%. (I'm a bot) ***** > &quot;We did it. We concluded EU-Japan political and trade talks. EU is more and more engaged globally,&quot; Tusk announced on Twitter. > &quot;The agreement shows that trade deals for open markets can be concluded with mutual interests. Globalisation needs rules, and trade agreements contribute to this,&quot; she said in a statement. > For Abe, the deal shows Japan remains an important partner in global trade, especially after Trump this year said he would end a trade deal with Pacific nations. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6lnkr4/eu_and_japan_agree_trade_deal/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~160841 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **trade**^#1 **agreement**^#2 **deal**^#3 **percent**^#4 **tariffs**^#5"


Our General Health range includes a collection of supplements specifically designed to help you improve and maintain a healthy lifestyle by taking weight control SUPPLEMENTS. Whatever your nutritional goals, whether you're looking to improve your immune system or get a good night's sleep and rest, this selection will have something for you.


Homeopathy stimulates the immune system, helps prevent illness, and supports the person as a whole rather than suppressing symptoms. If you in need for homeopathic treatment Viva Healthy Life is the right place for you. Thanks to Dr. Tsan who has almost 40 years of experience in homeopathy this center voted “#1 Homeopathic Center in Philadelphia”. http://www.vivahealthylife.com/portfolio-item/homeopathy-by-dr-tsan/


When planning for holiday people always prefer to select the best destination Algarve in Portugal is one of the famous holiday destinations. People from across the globe visit the place to explore the stunning beaches and Vale Do Lobo a popular resort that is the perfect place for the golf enthusiast and various other attractions. If one is planning to stay on Vale Do Lobo then it is better to opt for the Vale Do Lobo Holiday Rentals. The Vale Do Lobo villa Rentals are located in price locations offering a stunning view of the beautiful beaches and verdant surroundings. One can easily make bookings for the holiday villa rental online. http://www.simply-algarve.com/Property-For-Sale/vale-do-lobo


> In four attempts at my local Burger King, I've paid, but never gotten my food at all. I realize this doesn't speak for the company on a nationwide scale, but my local franchisee is a dick. You went there four times and left without all of your food each time?


a) the quick answer to your correlation is quantitative easing. basically the central bank has been devaluing the US dollar, making the prices of all goods increase (including stocks.) the stock market appear to have recovered from 2009 lows but its mainly an illusion. anyway the QE packages are very known when the correlation is not there, that means other meaningful things are happening such as better corporate earnings and real growth. b) the thinkorswim platform has charts for dollar futures, symbol /dx


I'm not sure if you are including the use of credit cards in the intent of your quesiton. However, I will give you some good reasons I use them even when I can pay cash: 1) I get an interest free loan for almost 30 days as long as I don't carry balances. 2) I get a statement detailing where I am spending my money that is helpful for budgeting. I'd never keep track to this level of detail if I were using cash. 3) Many cards offer reward programs that can be used for cash back. 4) It helps maintain my credit rating for those times I NEED to buy something and pay it off over time (car, house, etc.) 5) Not so much an issue for me personally, but for people that live paycheck to paycheck, it might help to time your cash outflows to match up with your inflows. For a business, I think it is mostly a cash flow issue. That is, in a lot of B2B type businesses customers can pay very slowly (managing their own cash flows). So your revenue can sometimes lag quite a bit behind the expenses that were associated with them (e.g payroll). A business line of credit can smooth out the cash flow, especially for companies that don't have a lot of cash reserves.


Mr. Raphael Lilla is a member of the International Society of Business Leaders with over 20 years of work experience working in the Swiss and International financial markets. Currently, he is operating as the Executive Director of SBC Group AG, Switzerland, and as Managing Director of Swiss Bullion Company International LLC, Dubai.


If you are looking to file a workers compensation claim then there are certain mistakes you need to be mindful of. These include not documenting and reporting the incident to your employer, not seeking medical care, not following doctors’ orders and not maintaining proper records and finally not hiring a competent lawyer to help you.


The drive through lines are full because it takes 45 minutes to get through it and you have no exit possibilities once you enter. Don't get me wrong, I love their food, but nothing goes slower than Taco Bell drive thru.


"You need to track all of your expenses first, inventarize all of your assets and liabilities, and set financial goals. For example, you need to know your average monthly expenses and exactly what percentages interest each loan charges, and you need to know what to save for (your children, retirement, large purchases, etc). Then you create an emergency fund: keep between 4 to 6 months worth of your monthly expenses in a savings account that you can readily access. Base the size of your emergency fund on your expenses rather than your salary. This also means its size changes over time, for example, it must increase once you have children. You then pay off your loans, starting with the loan charging the highest interest. You do this because e.g. paying off $X of a 7% loan is equivalent to investing $X and getting a guaranteed 7% return. The stock market does generally does not provide guarantees. Starting with the highest interest first is mathematically the most rewarding strategy in the long run. It is not a priori clear whether you should pay off all loans as fast as possible, particularly those with low interest rates, and the mortgage. You need to read up on the subject in order to make an informed decision, this would be too personal advice for us to give. After you've created that emergency fund, and paid of all high interest loans, you can consider investing in vessels that achieve your set financial goals. For example, since you are thinking of having children within five years, you might wish to save for college education. That implies immediately that you should pick an investment vessels that is available after 20 year or so and does not carry too much risk (e.g. perhaps bonds or deposits). These are a few basic advices, and I would recommend to look further on the internet and perhaps read a book on the topic of ""personal finance""."


Not only should you do this, you should tell your friends to do it too. Especially if a parent comes in to the bank with the child, banks fall over themselves to provide a card to someone whose only income is allowance. Really. Later, if you're 21 and your car broke and you don't get paid for another 11 days, NOBODY will lend you the money (or those money mart places that charge 300% a year will) to fix it. Never mind score (and yes for sure having a good score will be a result, and a good one) just having the card for emergencies makes all the difference to your early twenties. My kids have several friends who now can't get credit cards (some are students, some are underemployed) and end up missing paid days of work due to car troubles they can't pay to fix, or using those payday lenders, or other things that keep you poor. Get one while you can. Using it sensibly means you will have a great credit score in a decade or so, but just plain having it is worth more than you can know if you're not 18 yet.