Yeah dude, I bootstrapped a business with my husband, from part-time while consulting to over $600k/yr in its 3rd year. I don't know nothin' bout no business! Grow up, my friend. The whole VC industry is a numbers game, and you're the numbers.


Fuel prices are regulated in most countires. The way its regulated differs. Essentially the idea is once the retail prices are up, they are normally kept that level so that a buffer profit is built, now if the fuel prices increase beyond the retail price can still be kept same using the buffer built up.


If you're not worried about making the car loan payments, why would you want to pay off a loan that is not charging you any interest? Pay off the interest bearing student loan.


"19500 - The balance isn't held all month. It's held on average for half a month (assuming the days money was spent was randomly distributed). 260/(1.5% - 4%/(24)) Edit: That answer only works if they pay off their balance at the end of the month - 260/(1.5% - 4%*(3/24)) gives 26000 if the average balance is held for a month and a half. But either way, leaving out the ""half a month"" results in a messy number."


So true. I went to my grocery store and bought $7 worth of wings. They were way better than BBW and lasted me two meals. I go to BBW and for $7 you will leave hungry, plus service is terrible, noise is too loud and you're expected to tip. I once went to BBW and they had a deal for boneless chicken wings for like $1 each. Well they are like chicken nuggets that are smaller but more over priced.


The store keeps track of what you buy. It is all part of their big data. The knowledge of what you buy helps them project future sales. It allows them to target their marketing. But maybe even more importantly they can sell this knowledge to outside companies. They aren't going to give away that information to another company that would love to have that data, just so they could sell it. Stores use those loyalty cards to be able to link your household to those purchases. Those discounts, or free products, are what they use to entice you to give up your privacy. The fact that in your town young adults love caramel apples, even more than the town next door, makes them confident that your town will love caramel apple scented shampoo. Thus they send you coupons when it become available. They will also sell this knowledge to the shampoo companies. Do some stores make it possible for you to download the data? Yes they do. Apple stores send all receipts via email. Kohls allows me to see detail information about my transactions on line. There must be others. I don't know if any are grocery stores.


Not going to happen for Facebook since there will be too much demand and the order will go to the top clients of the underwriting investment banks. In general though, if you wanted a piece of a smaller IPO you'd just have to get in touch with a broker whose investment banking department is on the underwriting syndicate (say Merrill Lynch or Smith Barney) since IPOs often have a percentage that they allocate to retail clients (i.e. you) as well as institutional (i.e. hedge funds, pension funds, mutual funds etc.). The more in demand the IPO the harder it is to get a piece.


If you get a mortgage on the new property, you can almost surely get better than 9% today. I refinanced my house a year or so ago at 4%. You didn't say how much the new house will cost or how much of your cash you're willing to put to it, but just to make up a number say the house costs $200,000 and you'll pay $100,000 with cash. So you could keep the $50,000 at 9% and get a new $100,000 at 4%, or you could pay off the old loan so you have $0 at 9% and $150,000 at 4%. Clearly plan B is significantly less interest -- 5% x $50,000 = $2,500 per year. If you can afford to buy the new house without getting a loan at all, it gets more complicated. By not getting a loan, you avoid closing costs, typically several thousand dollars. Would the amount you save on closing costs be more than the difference in interest? I think probably not, but I'd check into it. If paying off the old loan means that your down payment on the new place is now low enough that you have to pay mortgage insurance, you'd have to factor that in. I can't say without knowing the numbers, but I'd guess PMI would be less than the interest savings, but maybe not. Oh, I assume that you're planning to keep the old house. If you sell it, this whole question becomes a moot point, as most mortgages have a due-on-sale clause.


> CNC units without touch screens and fancy alignment cameras cost 2k. If they don't sell enough units in time, maybe they'll have to close shop? They do, but they usually have a very small operating envelope and limited ability to cut through thicker materials. If you want something which can cut a full sheet of plywood, you need to spend $10K+, and it requires proper installation in a permanent location. I think the beauty of this product is that it fits between those two extremes. It doesn't provide fully automated cutting, but it does allow you to cut large sheets of plywood that only a machine costing 10x can do. I think the problem is that the product is very niche. Most wood workshops who are successful and making lots of furniture will invest in a large format CNC router, and they'll probably keep it running as many hours as possible to get back the investment. Maybe they'd buy one as a secondary CNC cutter? Instead of setting up the large machine for a small job, they can grab the handheld CNC, and do the cut quickly. It's like a backup tool. So where does it sit on the novelty vs practicality spectrum? I think this is very much aimed at the cashed up hobbyist and smaller boutique workshop, maker spaces, schools, etc. I can afford it, but I'd find it hard to justify because I don't think I'd get enough use out of it.


What a great idea! A small business owner helping other small business owners. It's true -- to be a relevant small business in this day and age, you have to be visible on the world wide web. I use the world wide web multiple times a day to get information about businesses that I am interested in doing business with or to comparative shop. I don't think I am alone in this.


I'm going to give the succinct, plain language version of the answers: 1. Your oldest active credit agreement is not very old You don't have much experience or history for me to base my analysis on -- how do I know I can trust you to pay back the money? 2. You have no active credit card accounts Other people haven't trusted you with credit or you haven't trusted yourself with credit and there's no active good behavior of paying credit cards on time -- you want me to be the first one to go out on a limb and loan you money? How do I know I can trust you to pay back the money?


"No system is going to be perfect, especially one that is totally inflexible. But it is a lot easier to say no to someone when you can back it up by saying ""I think this is going to take 2,000 hours and the CEO has only granted you 1,000 hours. Figure out what you can live without and get back to me."""


Your question is a moving target. And my answer will be subject to revision. I disagree with the votes to close, as you are asking (imho) what role commodities and specifically oil, play in one's asset allocation. Right? How much may be opinion, but there's a place to ask if. I'm looking at this chart, and thinking, long term, the real return is zero. The discussion regarding gold has been pretty exhausted. For oil, it's not tough to make the case that it will fluctuate, but long term, there's no compelling reason to believe its price will rise any faster than inflation over the really long term.


Someone entering a casino with $15 could employ a very simple strategy and have a better-than-90% chance of walking out with $16. Unfortunately, the person would have a non-trivial chance (about one in 14) of walking out with $0. If after losing $15 the person withdrew $240 from the bank and tried to win $16, the person would have a better-than-90% chance of succeeding and ending up ahead (holding the original $15, plus the additional $240, plus $1) but would have at that point about a one in 14 chance from that point of losing the $240 along with the original $15. Measured from the starting point, you'd have about a 199 out of 200 chance of gaining $1, and a one out of 200 chance of losing $240. Market-timing bets are like that. You can arrange things so you have a significant chance of making a small profit, but at the risk of a large downside. If you haven't firmly decided exactly how much downside you are willing to accept, it's very easy to simultaneously believe you don't have much money at risk, but that you'll be able to win back anything you lose. The only way you can hope to win back anything you lose is by bringing a lot more money to the table, which will of course greatly increase your downside risk. The probability of making money for the person willing to accept $15 of downside risk to earn $1 is about 93%. The probability of making money for the person willing to accept $255 worth of risk is about 99.5%. It's easy to see that there are ways of playing which have a 99.5% chance of winning, and that there are ways of playing that only have a 15:1 downside risk. Unfortunately, the ways of playing that have the smaller risk don't have anything near a 99.9% chance of winning, and those that have a better chance of winning have a much larger downside risk.


This is no bullshit... at a sales conference in Paris she didn't want to be bothered with having to mingle with the regular folks. Her solution... she setup a helicopter to ferry her from the conference center/hotel to where she was really staying (*some other fancy ass hotel*) just so she didn't have to interact with the commoners. It's shit like this which has led to so many die hard HP people (*myself included*) leaving the company in the past decade. Today the culture and management is nothing like Bill and Dave wanted.


What kind of financial analysis would make you comfortable about this decision? The HELOC and ARM are the biggest red flags to me in your current situation. While I don't expect interest rates to skyrocket in the near future, they introduce an interest rate risk that is easy to get rid of. Getting rid of the HELOC and converting to a fixed mortgage would be my first priority. If you also want to upgrade to a new home at the same time (meaning buy a new home contingent on the sale of your first, paying off the HELOC and mortgage), that's fine, but make sure that you can comfortably afford the payment on a fixed-rate mortgage with at least 20% down. I would not take additional cash out of your equity just to save it. You're going to pay more in interest that you're going to get in savings. From there things get trickier. While many people would keep the first property on a mortgage and rent it out, I am not willing to be a landlord for a part-time job, especially when the interest on the mortgage gouges my return on the rent. PLus leverage increases the risks as well - all it takes is to go one or two months without rent and you can find yourself unable to make a mortgage payment, wrecking your credit and possibly risking foreclosure. So my options in order of precedence would be: At what point does it make sense to become a landlord? The complicated answer is when the benefits (rent, appreciation) relative to the costs (maintenance, interest, taxes, etc.) and risks (lost rent, bad renters, home value variance) give you a better return that you could find in investments of similar risk. The simple answer is when you can pay cash for it. That takes interest and lost rent out of the equation. Again, some are willing to take those risks and pay 20% down on rental property. Some are able to make it work. Some of those go broke or lose their properties. when calculating the 20% down of a new property, does that need to be liquid funds, or can that be based on the value of the home you are selling You can make the purchase of the new home contingent on the sale of the first if you need to get the equity out of it to make the 20%. Do NOT refinance the first just to pull out the equity to make a down payment. It's not worth the fees of a refinance.


"Yes, it would have been run in a way so as to defend Blockbuster's core business model, nothing more. Blockbuster would have never figured out that their job was ""to become HBO before HBO becomes Netflix,"" to paraphrase Netflix's CEO. If Blockbuster had purchased Netflix, it's a guarantee that you would not be watching season 2 of Stranger Things right now, because Blockbuster would likely have never moved into original content."


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"Yeah, it's actually not bad at all. I found the article a pleasant surprise and more memorable because of that. If we're not reading complaints about ""Don't put the punchline in the title!"" we're reading complaints about ""I got the wrong impression from the title!"""


"A stock split can force short sellers of penny stocks to cover their shorts and cauuse the price to appreciate. Example: Someone shorts a worthless pump and dump stock, 10,000 shares at .50. They have to put up $25,000.00 in margin ($2.50 per share for stocks under $2.50). The company announces a 3 to 1 split. Now the short investor must come up with $50,000.00 additional margin or be be ""bought in"". The short squeeze is on."


"Inflation is an attempt to measure how much less money is worth. It is a weighted average of some bundle of goods and services price's increase. Money's value is in what you can exchange it for, so higher prices means money is worth less. Monthly inflation is quoted either as ""a year, ending on that month"" or ""since the previous month"". As the values differ by more than a factor of 10, you can usually tell which one is being referred to when they say ""inflation in August was 0.4%, a record high"" or ""inflation in August was 3.6%"". You do need some context of the state of the economy, and how surprised the people talking about the numbers are. Sometimes they refer to inflation since the last month, and then annualize it, which adds to the confusion. ""Consumer Inflation""'s value depends on what the basket of goods is, and what you define as the same ""good"". Is a computer this year the same as the last? If the computer is 10x faster, do you ignore that, or factor it in? What basket do you use? The typical monthly consumables purchased by a middle class citizen? By a poor citizen? By a rich citizen? A mixture, and if so which mixture? More detailed inflation figures can focus on inflation facing each quntile of the population by household income, split durable goods from non-durable goods from services, split wage from non-wage inflation, ignore volatile things like food and energy, etc. Inflation doesn't directly cause prices to raise; instead it is a measure of how much raise in prices happened. It can easily be a self-fullfilling prophesy, as inflation expectations can lead to everyone automatically increasing the price they charge for everything (wages, goods, etc). Inflation can be viewed as a measurement of the ""cost of holding cash"". At 10% inflation per year, holding a million dollars in cash for a year costs you 100,000$ in buying power. At 1% inflation it costs 10,000$. At 0.1% inflation, 1000$. Inflation of 10% in one year, followed by 10% the next, adds up to 1.1*1.1-1 = 21% inflation over the two years. For low inflation numbers this acts a lot like adding; the further from 0% you get the more the lower-order terms make the result larger. 1% inflation for two years adds up to 2.01%, 10% over two years 21%, 100% over two years 300%, 1000% over two years 12000%, etc. (and yes, some places suffer 1000% inflation)"


"Basically, your CC is (if normal) compounded monthly, based on a yearly APR. To calculate the amount of interest you'd pay on each of these accounts in a year, pull up a spreadsheet like Office Excel. Put in your current balance, then multiply it by the annual interest rate divided by 12, and add that quantity to the balance. Subtract any payment you make, and the result is your new balance. You can project this out for several months to get a good estimate of what you'll pay; in accounting or finance terms, what you're creating is an ""amortization table"". So, with a $10,000 balance, at 13.99% interest and making payments of $200/mo, the amortization table for one year's payments might look like: As you can see, $200 isn't paying down this card very quickly. In one year, you will have paid $2,400, of which $1,332.25 went straight into the bank's pockets in interest charges, reducing your balance by only $1,067.75. Up the payments to $300/mo, and in 1 year you will have paid $3,600, and only been charged $1,252.24 in interest, so you'll have reduced your balance by $2,347.76 to only $7,652.24, which further reduces interest charges down the line. You can track the differences in the Excel sheet and play ""what-ifs"" very easily to see the ramifications of spending your $5,000 in various ways. Understand that although, for instance, 13.99% may be your base interest rate, if the account has become delinquent, or you made any cash advances or balance transfers, higher or lower interest rates may be charged on a portion of the balance or the entire balance, depending on what's going on with your account; a balance transfer may get 0% interest for a year, then 19.99% interest after that if not paid off. Cash advances are ALWAYS charged at exorbitantly high rates, up to 40% APR. Most credit card bills will include what may be called an ""effective APR"", which is a weighted average APR of all the various sub-balances of your account and the interest rates they currently have. Understand that your payment first pays off interest accrued during the past cycle, then pays down the principal on the highest-interest portion of the balance first, so if you have made a balance transfer to another card and are using that card for purchases, the only way to avoid interest on the transfer at the post-incentive rates is to pay off the ENTIRE balance in a year. The minimum payment on a credit card USED to be just the amount of accrued interest or sometimes even less; if you paid only the minimum payment, the balance would never decrease (and may increase). In the wake of the 2008 credit crisis, most banks now enforce a higher minimum payment such that you would pay off the balance in between 3 and 5 years by making only minimum payments. This isn't strictly required AFAIK, but because banks ARE required by the CARD Act to disclose the payoff period at the minimum payment (which would be ""never"" under most previous policies), the higher minimum payments give cardholders hope that as long as they make the minimum payments and don't charge any more to the card, they will get back to zero."


"Michael Moore is full of shit. Companies these days are competing in a global marketplace. If you can't stay competative, you get left behind - there are no ""home countries"" and no loyalty to either any one nation or employees anymore. If your job got outsourced then I'm sorry - you were doing menial labor. Skilled work rarely gets outsourced because the Asian labor market doesn't have the skilled workforce to handle it right now. Maybe in 10 years they will, but right now the only kind of work they do is grunt work."


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Whole life policies have its own useful purpose, but it is never meant to be a vehicle that allows you to maximize cash value accumulation. Yes, you can buy term and invest the difference. Assuming you set out to reduce your liabilities to zero/minimum when that term policy ends or you have no such desires to transfer your wealth to your next of kin income tax free. Indexed universal life and variable universal life is much better suited for cash value accumulation when looking at life insurance products.


Sure, with some general rules of thumb: what is the minimum portfolio balance to avoid paying too much for transaction fees? Well, the fee doesn't change with portfolio balance or order size, so I don't know what you're trying to do here. The way to have less transaction fees is to have less transactions. That means no day-trading, no option rolling, etc. A Buy-and-hold strategy (with free dividend reinvestment if available) will minimize transaction fees.


Try the following apps/services: Receipt Bank (paid service, gathers paper receipts, scans them and processes the data), I've tested it, and it recognizing receipts very well, taking picture is very quick and easy, then you can upload the expenses into your accounting software by a click or automatically (e.g. FreeAgent), however the service it's a bit expensive. They've apps for Android and iPhone. Expentory (app and cloud-based service for capturing expense receipts on the move),


You are using interchangeably borrow/loan and gift. They are very different. For the mortgage company, they would prefer that the money from friends and family be a gift. If it is a loan, then you have an obligation to pay it back. If they see money added to your bank accounts in the months just before getting the loan, they will ask for the source of the money. Anything you claim as a gift will be required to be documented by you and the person making the gift. You don't want to lie about it, and have the other person lie about it. They will make you sign documents, if they catch you in a lie you can lose the loan, or be prosecuted for fraud. If the money from friends and family is a loan, the payments for the loan will impact the amount of money you can borrow. From the view of the IRS the gift tax only comes into play if during one calendar year a person makes a gift to somebody else of 14,000 or more. There are two points related to this. It is person-to-person. So if your dad gives you 14K, and your mom gives you 14K, and your dad gives your wife 14k and your mom gives your wife 14K; everything is fine. So two people can give 2 people 56K in one year. Please use separate checks to make it clear to the IRS. If somebody gives a gift above the exclusion limit for the year, they will have to complete IRS form 709. This essentially removes the excess amount from their life time exclusion, in other words from their estate. Nothing to worry about from the IRS. The bank wants to see the documentation. Also you are not a charity, so they can't claim it as a donation. Why do you have 6,000 in cash sitting around. The mortgage company will want an explanation for all large deposits so you better have a good explanation. From the IRS FAQ on Gift Taxes: What can be excluded from gifts? The general rule is that any gift is a taxable gift. However, there are many exceptions to this rule. Generally, the following gifts are not taxable gifts. Number 3 on the list is the one you care about.


"We have one of the most business friendly countries in the world, especially banking friendly, and it is not enough for him. It's just a Republican talking point when he says ""we have become one of the most bureaucratic, confusing, litigious societies on the planet."" It's just another head of an insanely rich corporation wishing they didn't have anything in their way to doing everything they wanted to do to be even more rich. Cry me a river."


Buy a house when you can, but keep driving your current car until it dies. In ten years' time, a house should be worth more than you paid for it, while a new car will be worth next to nothing. And research shows that buying possessions like cars doesn't actually make you happier, even though you think it will.


"I just heard a lot of ""They should have known better"" lately. On an individual basis there are no excuses for borrowing more than you can pay. However if that many people do it all at the exact same time in dealings with the exact same person, I think it's safe to say the person the are all dealing with might be working against their customers best interests."


"Rebalancing is, simply, a way of making sure your risk/reward level is where you want it to be. Let's say you've decided that your optimal mix is 50% stocks and 50% bonds (or 50% US stocks, 50% international, or 30/30/30 US large-cap/US small-cap/US midcap...). So you buy $100 of each, but over time, the prices will of course fluctuate. At the end of the year, the odds that the ratio of the value of your investments is equal to the starting ratio is nil. So you rebalance to get your target mix again. Rebalance too often and you end up paying a lot in transaction fees. Rebalance not often enough and you end up running outsize risk. People who tell you that you should rebalance to make money, or use ""dollar cost averaging"" or think there is any upside to rebalancing outside of risk management are making assumptions about the market (mean regressing or some such thing) that generally you should avoid."


As I stated above only 50% of the Bahamian economy is tourism, that's a large portion still but not the 90% you claimed it to be so your credibility is suspect at best and it doesn't matter what their economy is reliant on were are talking about income taxes here and they have a strong enough economy and infrastructure for it to be considered a successful tax free country. Everyone country is reliant on something to keep their economy afloat so to diminish how their system works based on that is ridiculous at best. Tourism is almost always a strong economic policy especially for a beautiful nation of islands.


"For an example of a company that didn't do that, see Google: https://www.sec.gov/Archives/edgar/data/1652044/000165204417000014/goog10-qq12017.htm [emphasis added] >""Adoption of ASC Topic 606, ""Revenue from Contracts with Customers"" On January 1, 2017, we adopted Topic 606 using the **modified retrospective method** applied to those contracts which were not completed as of January 1, 2017. Results for reporting periods beginning after January 1, 2017 are presented under Topic 606, while **prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under Topic 605.** We **recorded a net reduction to opening retained earnings of $15 million as of January 1, 2017 due to the cumulative impact of adopting Topic 606**, with the impact primarily related to our non-advertising revenues. The impact to revenues for the quarter ended March 31, 2017 was an increase of $14 million as a result of applying Topic 606."""


Three things They are the nexus in the nexus of contracts theory. They do qualitative maturity transformation. Ie, borrow money short and lend it long. They also aggregate risk that others don't Want to take and sell it to people who do want it. Managing this risk effectively explains 99% of what a bank does.


The average home in San Francisco is about $1.3 million. So yes, millionaires. Prop 13 is generationally discriminatory. It is terrible tax policy. If you want to lower property taxes, then make that case. Making taxes cheaper for older residents than younger irrespective of their socioeconomic situation is just dumb tax policy. It benefits the rich, to the detriment of the poor and middle class.


I think I came across wrong. I did not mean to imply that they didn't. I think I should have clarified by saying most business owners put in a ton of work, and most of the successful business owners also got lucky. My point was that the work is a prerequisite to getting lucky.


Almost every screener is able to do this. Please put effort into researching. Take the difference between http://finviz.com/screener.ashx?v=111&f=sh_avgvol_o1000,sh_price_u10,ta_highlow52w_nh&ft=4 and http://finviz.com/screener.ashx?v=111&f=sh_avgvol_o1000,sh_price_u5,ta_highlow52w_nh&ft=4 to get your results. Even MSN Money can do this http://www.msn.com/en-us/money/stockscreener/52weekhighs


"This was purely an attempt to cash in on an overpriced fad. ""Designer"" juices are a craze that leads people to buy insanely expensive exotic ingredients like fruits and vegetables, as well as spending hundreds apiece on blenders and different sorts of juicers. In fact, this has driven up the price of those kitchen appliances very substantially. There are juice bars selling designer juice blends for $12 a serving, each claimed to promote something such as memory, focus, deep thinking, concentration, relaxation, muscle tone, reduced anxiety, and more, all based on pseudo- or junk science."


"I know you've clarified that you're in the US, but in case anyone else comes across this question: in the UK this is completely normal (including if you still have outstanding mortgage on your current home). We end up with long ""chains"" of buyers and sellers all completing / moving on the same day so that the proceeds from one sale can be used as the downpayment on the next."


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Adding to the very good advises above - Concentrate on costs related to investment activity. Note all expenses and costs that you pay. Keep it low.


I like the user-driven aspect of Yelp. I can look and see a review posted last week that says such-and-such a business is still good. And it can be a restaurant or auto repair or a florist or an ice cream truck that sells meth out of an abandoned gas station. The idea of Yelp is still really good, it's just the corruption that's killing it.


Since we have Amazon warehouses in Phoenix I get about a quarter of the stuff same day and most of it in 1 day. 1 and 2day is always UPS. If it's same day(ordered after 10pm or before 6am) it's a toss up between DHL, UPS, or a few times, a guy in his car.


"The topic you are apparently describing is ""safe withdrawal rates"", more here. Please, note that the asset allocation is crucial decision with your rates. If you continue to keep a lot in cash, you cannot withdraw too much money ""to live and to travel"" because the expected return from cash is too low in the long run. In contrast, if you moved to more sensible decision like 30% bonds and 70% world portfolio -- the rates will me a lot different. As you are 30 years old, you could pessimist suppose to live next 100 years -- then your possible withdrawal rates would be much lower than let say over 50 years. Anyway besides deciding asset allocation, you need to estimate the time over which you need your assets. You have currently 24% in liquid cash and 12% in bonds but wait you use the word ""variety of funds"" with about 150k USD, what are they? Do you have any short-term bonds or TIPS as inflation hedge? Do you miss small and value? What is your sector allocation between small-med-large and value-blend-growth? If you are risk-averse, you could add some value small. Read the site, it does much better job than any question-answer site can do (the link above)."


There is a fundamental flaw in this statement: For example, a home bought cash $100,000 would have to be sold $242,726.247 30 years later just to make up with inflation, and that would be a 0% return. You forgot to deduct rent from your monthly carrying costs. That changes the calculations significantly. Your calculations are valid ONLY if you were to buy a house, and let it sit empty, which is unlikely. Either you are going to live in it, and save yourself $1000 a month in rent, or, you are going to rent it out to someone, and earn an income of $1000 a month. Either way, you're up $1000 a month and this needs to be included.


"Having lived in a couple of coutries my perspective on this is ""Do apartments gain value or lose value in your area over time?"" I've lived in areas where the age of the building vs the inflation of home values has meant apartments steadily lose value and in other areas where they keep up with or beat inflation for most of the life of the building. Have your real estate agent take a look at the market and see how much a similar apartment in an older building goes for. If it seems like apartments rapidly depreciate then it may be a good time to take a win. If age isn't a huge factor in price then it probably doesn't make sense to get rid of a cash generator to put the money into other investments."


"Your employer could consider procuring benefits via a third party administrator, which provides benefits to and bargains collectively on behalf of multiple small companies. I used to work for a small start-up that did exactly that to improve their benefits across the board, including the 401k. The fees were still higher than buying a Vanguard index or ETF directly, but much better than the 1% you're talking about. In the meantime, here's my non-professional advice from personal experience and hindsight: If you're in a low/medium tax bracket and your 401k sucks, you might be better off to pay the tax up front and invest in a taxable account for the flexibility (assuming you're disciplined enough that you don't need the 401k to protect you from yourself). If you max out a crappy 401k today, you might miss a better opportunity to contribute to a 401k in the future. Big expenses could pop up at exactly the same time you get better investment options. Side note: if not enough employees participate in the 401k, the principals won't be able to take full advantage of it themselves. I think it's called a ""nondiscrimination test"" to ensure that the plan benefits all employees, not just the owners and management. So voting with your feet might be the best way to spark improvement with your employer. Good luck!"


"SQL is for coders - you want an analysis job. You're probably having trouble because you don't have a lot of experience and they're looking for a ""straight path"" to those narrow job descriptions. I would cold call some of those organizations you want to work at and don't simply rely on submitting an application. Not sure how you're pursuing your job search, but if you're just applying and crossing your fingers, you're doing it wrong. Get a premium membership to LinkedIn to begin with, then call and talk to anyone who will listen - make sure you have a solid story to to tell them and a way to highlight your skills."


If you are in an economy which has a decent liquid debt market (corporate bonds, etc.), then you may look into investing in AA or AA+ rated bonds. They can provide higher returns than bank deposits and are virtually risk-free. (Though in severe economic downturns, you can see defaults in even very high-rated bonds, leading to partial or complete loss of value however, this is statistically quite rare). You can make this investment through a debt mutual fund but please make sure that you read through the offer document carefully to understand the investment style of the mutual fund and their expense ratio (which directly affect your returns). In any case, it is always recommended to reach out to an investment adviser who is good with local tax laws to minimize taxes and maximize returns.


Ultimately, you are the one that is responsible for your tax filings and your payments (It's all linked to your SSN, after all). If this fee/interest is the result of a filing error, and you went through a preparing company which assumes liability for their own errors, then you should speak to them. They will likely correct this and pay the fees. On the other hand, if this is the result of not making quarterly payments, then you are responsible for it. (Source: Comptroller of Maryland Site) If you [...] do not have Maryland income taxes withheld by an employer, you can make quarterly estimated tax payments as part of a pay-as-you-go plan. If your employer does withhold Maryland taxes from your pay, you may still be required to make quarterly estimated income tax payments if you develop a tax liability that exceeds the amount withheld by your employer by more than $500. From this watered-down public-facing resource, it seems like you'll get hit with fees for not making quarterly payments if your tax liability exceeds $500 beyond what is withheld (currently: $0).


I don't want an underslept doctor anywhere near me. That's how wrong limbs get amputated. The fact that this kind of abuse happens with doctors is not a green light for cops to do the same.


"you could get a discover card and then just ""freeze"" it. you might need to unfreeze it for a few minutes when you sign up for a new service, but it is unlikely an ongoing subscription would process a charge in that window. i believe merchants are charged a small fee for a transaction even if it is declined, so they won't try constantly forever. discover account freeze faq capitalone offers this freeze feature on their ""360"" debit cards. you can even freeze and unfreeze your card from their mobile app. this feature is becoming more common at small banks and credit unions too. i know of 2 small local banks that offer it. in fact, almost any bank can give you a debit card, then set the daily POS limit to 0$, effectively making it an atm-only card. but you may need to call the bank to get that limit temporarily lifted whenever you want to sign up for a new service. alternatively, jejorda2's suggestion of virtual account numbers is a good idea. several banks (including discover) have discontinued that feature, but i believe citi, and boa still offer them. side notes:"


"The ""conventional wisdom"" is that you should have about 5% of your portfolio in gold. But that's an AVERAGE. Meaning that you might want to have 10% at some times (like now) and 0% in the 1980s. Right now, the price of gold has been rising, because of fears of ""easing"" Fed monetary policy (for the past decade), culminating in recent ""quantitative easing."" In the 1980s, you should have had 0% in gold given the fall of gold in 1981 because of Paul Volcker's monetary tightening policies, and other reasons. Why did gold prices drop in 1981? And a word of caution: If you don't understand the impact of ""quantitative easing"" or ""Paul Volcker"" on gold prices, you probably shouldn't be buying it."


"This is the best tl;dr I could make, [original](http://www.businessinsider.com/rest-and-vest-millionaire-engineers-who-barely-work-silicon-valley-2017-7) reduced by 96%. (I'm a bot) ***** > OGs refer to engineers who worked at the company before the IPO. &quot;Their Facebook stock quadruples and they don&#039;t leave. They are really good engineers, really indispensable. And then they start to pull 9-5 days,&quot; this person said. > Facebook declined to comment but several engineers told us that Facebook has a reputation of requiring long hours from their engineers. > &quot;Most of my friends at Google work four hours a day. They are senior engineers and don&#039;t work hard. They know the Google system, know when to kick into gear. They are engineers, so they optimized the performance cycles of their own jobs,&quot; one engineer described. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6s69a6/inside_the_world_of_silicon_valleys_coasters_the/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~185383 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*: **engineer**^#1 **work**^#2 **company**^#3 **vest**^#4 **Google**^#5"


"All life insurance is pretty much the same when it comes to cost. You can run the numbers over certain time period and the actual cost of insurance is about the same. A simplified way to explain life insurance and the differences between them below: The 3 characteristics of life insurance: There are 5 popular types of life insurance and they are: Term Whole Life Universal Life Variable Universal Life Indexed Universal Life But first, one must understand the most basic life insurance which is called Annual Renewable Term: This is a policy that covers 1 year and is renewable every year after. The cost of insurance typically increases each year as the insured ages. So for every year of coverage, your premium increases like in the simplified illustration above. This is the building block of all life insurance, term or permanent. There is no cash value; all premium goes to the cost of insurance. This is an ART that spans over a longer time period than 1 year (say 5, 10, 15, 20 or 30 years). All the cost is added together then divided by the number of years of coverage to give a level premium payment for the duration of the policy. The longest coverage offered these days is 30 years. There is no cash value; all premium goes to the cost of insurance. The premium is fixed (level) for the term specified. If the policy comes to an end and the owner wishes to renew it, it will be at higher premium. This can be seen in the simplified illustration above for a 15-year term policy. Because life insurance gets very expensive as you reach old age, life insurance companies came up with a way to make it affordable for the consumer wishing to have coverage for their entire lifespan. They allow you to have interest rate crediting on the cash value account inside the policy. To have cash value in the first place, you must pay premiums that are more than the cost of insurance. The idea is: your cash value grows over time to help pay for the cost of insurance in the later stages of the policy, where the cost of insurance is typically higher. This is illustrated above in an overly simplified way. This is a permanent life insurance policy that is designed to cover the lifespan of the insured. There is cash value that is credited on a fixed interest rate specified by the insurance company (typically 3-5%). The premium is fixed for the life of the policy. It was designed for insuring the entire lifespan of the insured. This is variation of Whole Life. There is cash value; it is credited on a fixed interest rate specified by the insurance company, but it does fluctuate year to year depending on the economy (typically 3-6%). The premium is flexible; you can increase/decrease the premium. This is basically a universal life policy, but the cash value sits in an account that is invested in the market, normally mutual funds. Your interest that is being credited (to your account with your cash value from investments) is subjected to risk in the market, rise/fall with the market depending on the portfolio of your choosing, hence the word ""Variable"". You take on the risk instead of the insurance company. It can be a very good product if the owner knows how to manage it (just like any other investment products). This is a hybrid of the UL and the VUL. The interest rate depends on the performance of a market index or a set of market indices. The insurance company states a maximum interest rate (or cap) you can earn up to and a guaranteed minimum floor on your cash value interest that will be credited (typically 0% floor and 12% cap). It is purely a method to credit you interest rate. It takes the market risk out of the equation but still retains some of the growth potential of the market. Term policy is designed for temporary coverage. There is no cash value accumulation. Permanent policies such as whole life, universal life, variable universal life and indexed universal life have a cash value accumulation component that was originally designed to help pay for the cost of insurance in the later stages of the policy when the insured is at an advanced age, so it can cover the entire lifespan of the insured. People do take advantage of that cash value component and its tax advantages for retirement income supplement and maximize the premium contribution. Always remember that life insurance is a life insurance product, and not an investment vehicle. There is a cost of insurance that you are paying for. But if you have life insurance needs, you might as well take advantage of the cash value accumulation, deferred tax growth, and tax-free access that these permanent policies offer."


I remember the day I realized that P&G made both Dawn and Joy dish soap. I have always been confused why a company would produce two dish soaps to compete with itself. I assume one of them is finally on the way out.


There are some calculators that you can use to figure out the best approach, such as this one by CNN. But in general the rule of thumb tends to be the following: For the purposes of the Best Buy card, I would put it up there at number one so you don't get hit with the deferred interest. No point in giving them more money if you can pay them before the end of the cycle. Next, I would look at what you have for emergency savings, if you have an account established and that is at a comfortable number than putting the money towards the Citi card might be good, otherwise, split part of the money between savings and the credit cards. If an emergency pops up you don't want to dig a deeper hole because you can't pay for something with cash.


Valley Dental Associates is the first name in Hagerstown, MD dentistry. With a team of seasoned oral health specialists available to address your individual needs, you can count on Valley Dental Associates to have you in, out and smiling in no time.


Take a look at Google Checkout but keep in mind that there is a different list of countries that they support as sellers vs. buyers. The buyer list is much more comprehensive, and I believe covers CIS (Russia, Ukraine and Belarus) while the seller list does not (yet) which means that your client will need to create a U.S. or U.K. based entity to accept payments, however they will be able to accept payments from buyers both in CIS and internationally. Удачи.


Look up You Need A Budget...the methodology is really the key and the software is elegant and practical. It's not about tracking spending, it's about planning what your dollars are going to do. The application automates much of the budget planning and data entry as it remembers your input (and is totally customizable). If you follow their basic blueprint, you can spend just minutes a week. They offer free online classes too (love this). I do not have skin in their game but have been a fan since it was just a spreadsheet. And yes, they have a mobile app, which means you can enter transactions on the go with just a few taps and then have your data synced across the cloud or just across your network.


Be very careful to hold on tight to your money! I agree with paying for an investment advisor, but I would say use at least two to get different viewpoints, and get credentials and references! Don't let relatives convince you to invest in their business, or help them out, or any other such nonsense. Real estate still is one of the best investments out there in my opinion. You could buy a fixer upper and rent it out?


"The Roth/Traditional decision is complex, but can be broken down into a set of simple rules. Ideally, you want to choose to tax your money at the lowest possible rate. This specifically refers to your marginal rate, the rate you last $100 was taxed or next $100 of income with be taxed. That, in itself, is another issue, answered with questions here discussing marginal rates. My suggestion has been that if you are in the 15% bracket, use Roth. And continue to do so until you hit 25%. At that point, begin to shift to the traditional, pre-tax 401(k) or IRA. (My article The 15% solution, goes into detail on this, although it references the 2013 tax rates. I need to re-edit). If you are already in the 25% bracket, I'd suggest just going pre-tax. Given the ability to convert, it's not as if there are 2 points in time (deposit and withdrawal) but you can decide every year if your situation changes. It's not uncommon to get married, have a baby, buy a house, and find you just dropped back down to 15% marginal rate when you were solidly 25% prior. Let me explain why you should go 100% pretax if already at 25%. A single person hits the top of the 15% bracket (in 2017) at $37,950 taxable. Add the standard deduction and exemption, and you are at $48,350. The tax on this is $5226, less than 10% average, despite the next $100 being taxed at 25%. It would take over $1M to have an account large enough to withdraw $40K/yr. If you blow through that number, you hit 25%, I agree, but why pay 25% now, for sure, to avoid 'maybe' hitting 25% later? You have decades of opportunities for conversion, and even more when the funds are transferred to IRAs if you have a job change. (And the conversion discussion has multiple layers when the IRA is involved) Say you are 'too' successful. You are hitting $2M before age 55. If you retire post-55, you can withdraw from the 401(k) penalty free. But, you have 15 years before you'd start to take SS benefits. 15 years to use conversions, even if pushing into 25%, to reduce the impact of SS taxation. My advice is not a set-and-forget solution. It's an annual evaluation of the plan for the coming year. Further notes on my choice of ""15% Solution"" - This is the 2017 tax table for singles - I note that median individual income is ~$30K which puts that median single at ~20K taxable. This is where the analysis begins. This earner might have upward mobility, to reach the 25% bracket and begin to save pre-tax. The goal would be to have a mix of pre/post tax money, so that over the course of their life, the 25% bracket was avoided, perhaps completely. In general, my writing tend towards the second highest quintile, the 60-80% slice of the population. The numbers might appear arbitrary, but, in the end, the discussion has to start someplace. The concept I described here is best implemented by the single or couple who is still at 15%, but soon pushing higher than the 15/25 line. This enables them to start by saving in the Roth, and slowly shifting towards pre-tax. The final mix at retirement depends on that timing as well as their opportunities for conversions along the way. Part of my focus on that line is that the differential is greatest in bracket shifts between 15 and 25%. Much of the benefit in the whole IRA/401 discussion is in that shift, depositing at 25%, yet withdrawing at 15%. The 28% couple might wish to avoid the 33% bracket at retirement, but that level of income impacts far fewer people, and fewer still that are either reading these boards or my other writing."


Shop Supplies, one of the most renowned shop fittings in Melbourne, Australia, adds to its selection of “SPECIALS FROM SHOP SUPPLIES” a whole new range of interesting shop display cabinets and shelving. The core aim of Shop Supplies is not only to provide customers with quality shop fittings but offer them an opportunity to stock up on beautiful display and storage units for their retail store while saving big on their purchases. Visit the site for more details.


You can save around hundred dollars per month, mostly the teens are attracted by this method. If you are a frequent shopper and want to get the recent updates about the coupons available then you can sign up with the website and they will send you the email subscriptions.


Daycare which provides adequate care for your kids while you are working or otherwise not able to cater and care for them has become a business like any other There are many popular daycare franchise opportunities are available in every state. Examples of daycare franchise opportunities are TechJOYnT Foundation, The Growing Room and Discovery Express among others. While about STEM franchise, it is everywhere. No matter what career path your child might choose, STEM will be an important part of their day. Click here for more details: https://codingforkidsfranchise.wordpress.com/2017/09/22/daycare-franchise-opportunities-vs-stem-franchise-opportunities/


"I'm not racist immediately followed by ""all Muslims do this"". It's not even true! Just like it's not true that all Christians follow the Bible to the T. In fact, almost NO Christians stone gays and beat their wives. What's the difference? One of those groups looks like you, and the other does not. You're a racist. You may not have bad intent with it, but the words you're saying ABSOLUTELY ARE racist. The fact that you can't even understand how it could be taken as racist is telling. The part I don't get is why you think 0.001% of a population represents the remaining 99.999%. If you could explain that disconnect to me, then maybe I would understand your backwards views a little more. Until then, kindly stop spouting your ignorant garbage. Thanks."


So have different rules for industries whose product cycles are 2 to 3 years. * Computer software patents are good for a year * Computer hardware patents are good for two years * Pick some other industries that need adjustment. * Leave the rest as is. * Revisit every 5 to 10 years to assign patent lengths on a per-industry basis.


"How can anyone read that and not think ""I'm quite possibly out of a job if the boss' political choice doesn't win""? The choices offered them are clear: IF they want to keep their job, there's no room for considering there at all."


Yeah those tablets came out with a lofty goal. They wanted to price them at the same price as an Apple product. The only problem was no one wanted one at that price. I still to this day dont understand Microsoft and the pricing of the tablets when they first came out. Look at google and what there doing. Low priced tablets and computers. The opposite of what Microsoft is doing. I dont begrudge Microsoft wanting in on the tablet and app market. I still think the Pro is overpriced for what it does, its close to 1 thousand dollars.


This doesn't make much sense. What costs are you referring to? And aren't they using roads, airports etc that federal money goes into? Do you think payroll taxes paid through employees should be the major consideration on payment of taxes for corporations? Also, do you think European criticism of Amazon for avoiding paying taxes is off-base?


"Don't compare investing with a roll of the dice, compare it with blackjack and the decision to stand or hit, or put more money on the table (double down or increase bet size) , based on an assessment of the state of the table and history. A naive strategy of say ""always hitting to 16"" isn't as awful as randomly hitting and standing (which, from time to to time will draw to 21 fair and square) , but there's a basic strategy that gets close to 50% and by increasing or decreasing bet based on counting face cards can get into positive expectations. Randomly buying and selling stock is randomly hitting. Buying a market index fund is like always hitting to 16. Determining an asset allocation strategy and periodically rebalancing is basic strategy. Adjusting allocations based on business cycle and economic indicators is turning skill into advantage."


why can't I just use the same trick with my own shares to make money on the way down? Because if you sell shares out of your own portfolio, by definition, you are not selling short at all. If you sell something you own (and deliver it) - then there is no short involved. A short is defined as a net negative position - i.e. you sell shares you do not have. Selling shares you own is selling shares you own - no short involved. You must borrow the shares for a short because in the stock market, you must DELIVER. You can not deliver shares you do not own. The stock market does not work on promises - the person who bought the shares expects ownership of them with all rights that gives them. So you borrow them to deliver them, then return them when you buy them back.


I did read a bit of current economics before commenting on the this topic. Name of the countries do not matter - from what I see I have referred to them quite clearly. Maybe I hit the truth chord somewhere there hence your off-bitter mark. It is nothing to do with economics and more politics (read ego and power play) than anything else. Of course, Truth always sucks.


You can expect about a 7% return when investing in the general market if your horizon is ten years or more. The market fluctuates, which means that you should be absolutely fine with losing 10% or more of your invested money during this period. You say yourself that: I have been setting aside money (...) into a savings account earmarked for that purpose (repairs/maintenance) so that I don't have to take out loans. It's obvious from your question that the purpose of this money is not savings, this is money that you are already investing, not in stocks or bonds but in your house. While this money sits around, of course you could put it into the market and hope that it grows. It all depends on your horizon, which in your case sounds like about 1 year. Is that long enough to be fairly sure you will make a profit? From what I've written so far, hopefully you can gather that the answer is no. If you choose to invest $6,000 but you need that money back in one year, you need to be aware of the risk that you'll instead end up with $5,400 or even less. Your options are then to: If you're asking for personal advice, my opinion would be this: you're already investing in your house. The housing market, like most markets, fluctuate. Whether you like it or not, you're already a victim (or benefactor) of this value fluctuation. The difference is that a house is something you'll live in for a long time (probably), that will give you daily joy in a way stocks and bonds won't. Of course, saving up money and investing them is always a good idea anyway. You should still save a small amount every month and put it into low/medium risk bonds, in my opinion.


"A simple way to account debt forgiveness of your receivables is to utilize a ""Bad Debt"" expense account. Take the following two examples: If you are only forgiving a portion of the principle, another popular term used is Principle Reduction as the expense account."


I feel like there is a lot of media and confirmation bias involved. I'm not necessarily disagreeing with you but it's easy to point out examples where moves to cut costs have ended badly. It's unlikely to make the news if cost cutting moves are successful. For example let's say with the Schlitz example, the new process they used was in fact successful and didn't result in a loss of quality. That wouldn't be as big in the news as screwing up would be.


"In Frank Abagnale's book ""Art of the Steal"" the author talks about how to set up a bank account for safe wire transfers. He recommends setting up an account at your regular bank and specifying that money can be transferred into that account from another bank, and out to your regular account only. You are then free to give the necessary transfer information to whomever you want, knowing full well they can't take money out. This guy should know what he's talking about since he's an ex-confidence man legitimately working as an American security consultant."


"Of course CDs are worth it compared to the stock market. In fact, most institutional investors are envious of the CDs you have access to as an individual investor that are unavailable to them. You just need to be competent enough to shop around for the best rates and understand your time horizon. There are several concepts to understand here: Banks give out CDs with competitive rates projecting future interest rates. So while the Federal funds rate is currently extremely low, banks know that in order to get any takers on their CDs they have to factor in the public expectation that rates will rise, so if you lock in a longer term CD you get a competitive rate. Institutional investors do not have access to FDIC insured CDs and the closest analog they participate in are the auctions and secondary markets of US Treasuries. These two types of assets have equivalent default (non-)risk if held to maturity: backed by the full faith and credit of the U.S. Here are the current rates (as of question's date) taken from Vanguard that I can get on CDs versus Treasuries (as an individual investor). Notice that CDs outperform Treasuries across any maturity timescale! For fixed-income and bond allocations, institutional investors are lining up for buying treasuries. And yet here you are saying ""CDs are not worth it."" Might want to rethink that. Now going into the stock market as an investor with expectations of those high returns you quote, means you're willing to stay there for the long-term (at least a decade) and stay the course during volatility to actually have any hope of coming up with the average rate of return. Even then, there's the potential downside of risk that you still lose principal after that duration. So given that assumption, it's only fair to compare against >= 10 year CDs which are currently rated at 2 percent APY. In addition, CDs can be laddered -- allowing you to lock-in newer (and potentially higher) rates as they become available. You essentially stagger your buyin into these investments, and either reinvest upon the stilted maturity dates or use as income. Also keep in mind that while personal emergencies requiring quick access to cash can happen at any time, the most common scenario is during the sudden change from a bull market into a recession -- the time when stocks plummet. If you need money right away, selling your stocks at these times would lock in severe losses, whereas with CDs you still won't lose principal with an early exit and the only penalty is usually a sacrifice of a few months of potential interest. It's easy to think of the high yields during a protracted bull market (such as now), but personal finance has a huge behavioral component to it that is largely ignored until it's too late. One risk that isn't taken care of by either CDs or Treasuries is inflation risk. All the rates here and in the original question are nominal rates, and the real return will depend on inflation (or deflation). There are other options here besides CDs, Treasuries, and the stock market to outpace inflation if you'd like to hedge that risk with inflation protection: Series I Savings Bonds and TIPS."


"Don't forget they're trying to rip that fabric of society away from everyone else. They demand their social security, but fight tooth and nail to take food stamps away from others. They had quality K-12 and nearly free higher education, but do everything they can to cut spending on education, cut teacher pay, etc. They have Medicare but want to take any kind of healthcare safety net away from everyone else. And then they blame the young for not buying enough houses and ""wrecking"" the economy."


That 2t is if you invest the money for a decade before cutting checks, which is the methodology with which I mentioned I disagree. From the article: > After spending a little quality time in Microsoft Excel, I’d say it’s somewhere the ballpark of $1,350 per household, or $1,000 per worker.* If you divide $1000 per worker by ten years, you get $100 per year, which is what I said and which the title mislabeled. Edit: I see what you mean, I typed households instead of workers. Thanks for pointing out my typo, I edited the comment to correct and show I misspoke originally. Also I put 200b instead of 2t. Either way, the point is it is $100 per year, not $1000. I should’ve paid attention when commenting, but the point remains valid


And that's exactly why I took a coding bootcamp last winter and now am coding at a major corporation. I am working hard and improving my skillset. Others are not and may get there job automated - it is not my responsibility to support them because they didn't adapt. I never once blamed immigrants for anything - I encourage it as it increases productivity for the country. I just think our laws should be followed and it's not moral to skip the line and commit crimes. We must use LOGIC and Freedom not PC emotion when Governing our country.


Right, so if a federal interest rate near 0 percent is not enough to stimulate the demand for those loans, then we have pretty much exhausted what we can do with monetary policy. So the only thing left is fiscal policy - raise spending or lower taxes


You're not paranoid. But rationality isn't insurance against crashes either. Rational people caused the crash. If you've got yield-hungry clients and nothing that will give them that yield, then all the exotic instruments that were dreamed up make perfect sense to you, especially given the slap-on-the-wrist enforcement (and near-total absence of clawbacks) that prevailed before and after the crisis. And if you can get all that stuff AAA-rated? Double-bonus. Come to think of it, I wish the article had gone into what kind of ratings if any these loan bundles were getting. I'm sure someone on here will know something about it...


Here is a list of threads in other subreddits about the same content: * [Intro to Game Theory: The Prisoner’s Dilemma](https://www.reddit.com/r/Economics/comments/78d7yo/intro_to_game_theory_the_prisoners_dilemma/) on /r/Economics with 5 karma (created at 2017-10-24 11:41:38 by /u/SpaceshipAU) * [Intro to Game Theory: The Prisoner’s Dilemma](https://www.reddit.com/r/spaceshipau/comments/76o91y/intro_to_game_theory_the_prisoners_dilemma/) on /r/spaceshipau with 1 karma (created at 2017-10-16 12:47:40 by /u/SpaceshipAU) ---- ^^I ^^am ^^a ^^bot ^^[FAQ](https://www.reddit.com/r/DuplicatesBot/wiki/index)-[Code](https://github.com/PokestarFan/DuplicateBot)-[Bugs](https://www.reddit.com/r/DuplicatesBot/comments/6ypgmx/bugs_and_problems/)-[Suggestions](https://www.reddit.com/r/DuplicatesBot/comments/6ypg85/suggestion_for_duplicatesbot/)-[Block](https://www.reddit.com/r/DuplicatesBot/wiki/index#wiki_block_bot_from_tagging_on_your_posts) ^^Now ^^you ^^can ^^remove ^^the ^^comment ^^by ^^replying ^^delete!


"What does this have to do with libertarianism? If anything, this makes the case for libertarianism. In the future, if nearly every job is taken by a very advanced robot, which are even capable of maintaining themselves, humans would not just be left behind. The economy needs consumers. Instead, we would live in a world of infinite entrepreneurship, in which the means of production are nearly free for anyone, and people prosper by their ambition and drive. Everyone would own their own robots that do work on their behalf. The amount of resources available to all would be incredible, and people would be free to do things they actually want to do. The contrary of course, is a socialist ""utopia""; a world of everyone being dependent on the government to provide them their basic income. Instead, we're looking at a free world in which every person is a capitalist in control of their own robots. *^Thanks ^to ^/u/VassiliMikailovich ^for ^this.*"


So why are people still buying 15 year old Saturns or driving the same GM Denali for the last 13 years when the new cars are so much more efficient and cheaper to run? Poor people are fucking poor. Now you turn to Indonesia. How much do you think they are spending to maintain their vehicles? Next to nothing, that's what. They'll only fix it enough to get it running again. SAE certified mechanic? LOL, the guy between the whore house and the cigarette vendor can also do it. How much do you think electricity costs in the Philippines? It can cost $100 USD a month to run the AC at night to get a decent sleep...The average Filipino makes less than $10 a month.


"Hmm... Maybe I somewhat misunderstood your question then. Yes, trade deficits/surpluses are really the core of the country-level ""investment"". But yes, it maters what they *do* with it, which is **why** so many countries put any excesses into US treasuries. Going back to ""personal"" finance, if they pay down higher interest debt with their trade surplus, *great*; if they have no debt and can issue local currency (in PF land, ""take out a loan"") for under 2%, *great*; If not... **Not** so great. ""Saving"" money that costs over 2% isn't an investment, it's nothing but a loan disguised as one."


I think the answers you're going to receive are all going to be a bit subjective. Looking at it from a high-level point of view, having this budget nailed down lets you analyze: Now you've got your budget, stick to it! This is really the most important part. You've done your homework, now make sure you don't exceed it without a good reason. If you're under budget in any given month, have a plan on what to do with the excess funds. If you go over budget on a certain area, you can react accordingly. I, personally, recommend hiring a financial planner. Ours has been a huge help with looking further down the line than we had been originally. If you show up to your first meeting with an FP and have this budgetary breakdown ready to go, you'll probably get a high-five. Well done, you!


"Vegetarian here... That's my camp exactly. I despise the taste of meat. I don't buy ""veggie burgers"" or anything similar for that reason. This product does not interest me at all. I'm glad it exists though. Lots of people truly love meat but also care about sustainability. This is a win for them."


You need to pick out the right location for the biggest vehicle elements collection in Carolina at low-priced. You should find the best auto elements wholesaler in Carolina. Tu Resuelve Auto Parts has a huge supply of all vehicle parts in Puerto Rico. It is a decent maker, exporters and providers of vehicle parts in Carolina. We have a wide assortment of the clutched parts and additional items of the fundamental brands open in the Tu Solves Auto Parts. As you probably are aware, a great vehicle extras vender in the USA has quietly set aside the opportunity to clarify the best cost.


But aren't there more people in every year doing more work? That is growth. Yes, the economy cannot continue to grow forever given that the Earth is a finite resource. It's not clear to me we are anywhere near that point where we run out of resources.


"Note that we do not comment on specific stocks here, and have no place doing so. If your question is only about that specific stock then it is off topic. I have not tried to answer that part below. The key to valuation is predicting the net present value of all of a company's cash flows; i.e. of their future profits and losses. Through a number of methods to long to explain here investment banks and hedge funds work out what they expect the company's cash flows to be and trade so that these future profits, losses etc. are priced into the stock price. Since future cash flows, profits or whatever you want to call them are priced in, the price of a stock shouldn't move at all on an earnings statement. This begs the question ""why do some stock prices move violently when they announce earnings?"" The models that the institutional investors use are not perfect and cannot take into account everything. An unexpected craze for a product or a supply chain agreement breaking down on not being as good as it seems will not be factored into this pricing and so the price will move based on the degree to which expectation is missed or exceeded. Since penny socks are speculative their value is based far more on the long term expected cash flows and less on the short run cash flows. This goes a long way to explaining why some of the highest market capitalisation penny stocks are those making consistent losses. This means that they can be far less susceptible to price movements after an earnings announcement even if it is well out of the consensus range. Higher (potential) future value comes with the higher risks of penny stocks which discounts current value. In the end if people's expectation of the company's performance reflects reality then the profitability is priced in and there will be no price movement. If the actuality is outside of the expected range then there will be a price movement."


If it's in your name and you don't live there, there's a number of issues. If you charge her rent, it needs to be at fair value to treat it as a rental property. If she lives there for the next 20 years, it will (or we hope) gain value. If she passes while it's in her name you get to step up the basis, and avoid tax. If in your name , the gain would be taxable.


Both are correct depending on what you are really trying to evaluate. If you only want to understand how that particular investment you were taking money in and out of did by itself than you would ignore the cash. You might use this if you were thinking of replacing that particular investment with another but keeping the in/out strategy. If you want to understand how the whole investment strategy worked (both the in/out motion and the choice of investment) than you would definitely want to include the cash component as that is necessary for the strategy and would be your final return if you implemented that strategy. As a side note, neither IRR or CAGR are not great ways to judge investment strategies as they have some odd timing issues and they don't take into account risk.


"I'm not defending Faber, but from an statistical point your logic is terrible. It's a lot easier to go from 2 to 4 than it is from 200 to 400 - so any undeveloped third-world country should be growing a **lot** faster than places with existing stable economies. And to put ""fastest growing"" into context, it's 8.5%, which isn't even as big as I was expecting considering the US is growing at 3% and has a much larger base value."


An auto title loans are typically utilized by those that wish to obtain a funding with bad credit rating or no credit in any way. An auto-mobile title lending frequently called a vehicle title lending or merely title funding as well as pink slip funding’s. You merely should have a vehicle that is paid off or nearly paid off and also you could make use of the auto title as security to obtain the cash money you require, enabling you to continue driving your vehicle while paying your loan. Get Auto Car Title Loans Chino CA and nearby cities Provide Car Title Loans, Auto Title Loans, Mobile Home Title Loans, RV/Motor Home Title Loans, Big Rigs Truck Title Loans, Motor Cycle Title Loans, Online Title Loans Near me, Bad Credit Loans, Personal Loans, Quick cash Loans Contact Us: Get Auto Car Title Loans Chino CA 12403 Central Ave # 274, Chino, CA 91710 909-325-3099 chinogatl@gmail.com http://getautotitleloans.com/car-and-auto-title-loans-chino-ca/


USB is the ticker for US Bancorp. The numbers to me look like their prediction of the return for the day, I could be wrong but I think that's what it is.


"My big gripe with the ICO name and corresponding mania is that it has no similarity to an IPO. At best an ICO is a seed stage investment in a wholly unproven technology/idea/theoretical use. A developer team gets together to write a fancy whitepaper, then build out a nifty website to display the idea they are working on. Generally this idea has no practical immediate use. Generally this idea is still nothing more than an idea. At best the idea will be realized by substantially reusing the open source codebase of a different coin with slight tweaks. The developers then go get an exchange or two involved to begin trading the tokens. One exchange even goes so far as to begin trading IOUs for the tokens before the ICO takes place. It's shear insanity driven by this mania to have the next bitcoin for $0.00001 each. When a real organization goes through the real, regulated, IPO process it has already had its seed funding then subsequent equity financing rounds, THEN once the company has demonstrated that it has a valuable product or service and a competent management team shares are allowed to be sold to the public. By US law, seed stage companies are forbidden from seeking investment from unaccredited investors (this doesn't mean unaccredited investors are forbidden from investing). An accredited investor is someone with over $200,000 per year of income or a net worth of over $1,000,000. Seed stage organizations have an exceptionally high rate of failure, no matter the proposed business. These ICOs are little more than developers fleecing naive ""investors"" by selling them the pipe dream of being on the ground floor of the next bitcoin. It's really appalling. You should stay away from them, everyone should stay away from them, and the people running them should be punished."


- Do your homework. What are others at the same company getting for the same job? At different companies? Can you slice the data by years of experience? - If you nail the interview you can leverage another offer with the HR staff post interview - Try to get the interviewer to offer the first number if that's not possible offer a range. Psychology tells us that people don't like to be outside a range so you could put your lowest offer at the bottom of the range and the top +10%


Most people I talk with don't even know the difference on a simple level between the Dow, S&P, Russell, Nasdaq, etc. I tell my friends and family that they know more than they realize. I help them use their knowledge and what they see when they want to invest. Or if they prefer not to, just buy index funds.


"My problem with your argument is that you don't have one. I'm sorry you cannot grasp the difference between mortgage backed securities and company stock or the difference between a short sale and buying a credit default swap. You keep spouting unrelated ""facts"" as if the mean something. Did big banks short sale FB? Who knows? Did they buy FB CDOs? No they didn't. There is no such thing. Did they buy credit default swaps? No."


Walmart will continue strong growth, but as the analyst says in the article... Amazon has an insurmountable lead in online retail at this point. Walmart is pulling away from other Brick & Mortars like Walgreens, CVS, Rite Aid, but are still massively behind Amazon. All they are doing right now is working to catch up and copy, but they will need to do something massively different for any real catch-up to happen.


This is an alternative solution and it will depend where you live as to how you will have to make it work. I am in the UK and there are a number of ways that I can use to access my money from anywhere in the world without high transaction fees. Internet banking takes care of everything else.


First, it depends on your broker. Full service firms will tear you a new one, discount brokers may charge ~nothing. You'll have to check with your broker on assignment fees. Theoretically, this is the case of the opposite of my answer in this question: Are underlying assets supposed to be sold/bought immediately after being bought/sold in call/put option? Your trading strategy/reasoning for your covered call notwithstanding, in your case, as an option writer covering in the money calls, you want to hold and pray that your option expires worthless. As I said in the other answer, there is always a theoretical premium of option price + exercise price to underlying prices, no matter how slight, right up until expiration, so on that basis, it doesn't pay to close out the option. However, there's a reality that I didn't mention in the other answer: if it's a deep in the money option, you can actually put a bid < stock price - exercise price - trade fee and hope for the best since the market makers rarely bid above stock price - exercise price for illiquid options, but it's unlikely that you'll beat the market makers + hft. They're systems are too fast. I know the philly exchange allows you to put in implied volatility orders, but they're expensive, and I couldn't tell you if a broker/exchange allows for dynamic orders with the equation I specified above, but it may be worth a shot to check out; however, it's unlikely that such a low order would ever be filled since you'll at best be lined up with the market makers, and it would require a big player dumping all its' holdings at once to get to your order. If you're doing a traditional, true-blue covered call, there's absolutely nothing wrong being assigned except for the tax implications. When your counterparty calls away your underlyings, it is a sell for tax purposes. If you're not covering with the underlying but with a more complex spread, things could get hairy for you real quick if someone were to exercise on you, but that's always a risk. If your broker is extremely strict, they may close the rest of your spread for you at the offer. In illiquid markets, that would be a huge percentage loss considering the wide bid/ask spreads.


"Because I could hire some of my workers on minimum wage as well and reduce both my costs and bid prices to maintain the same margins. Everyone talks about ""at scale"" and point out the costs of ketchup packets when you're selling millions upon millions of products per year, but they forget it's just as proportional for a small business. Maybe if the model doesn't work ""at scale"" without punishing our social welfare system for a corporations benefit, it shouldn't exist."


From medicaid.gov: Although pharmacy coverage is an optional benefit under federal Medicaid law, all States currently provide coverage for outpatient prescription drugs to all categorically eligible individuals and most other enrollees within their Medicaid programs. This is related to the Medicaid Drug Rebate Program, which offsets the Federal and State costs of most outpatient prescription drugs dispensed to Medicaid patients. Approximately 600 drug manufacturers currently participate in this program. All fifty States and the District of Columbia cover prescription drugs under the Medicaid Drug Rebate Program I can't give you any specific details about patient assistance programs, but rxaccess.sd.gov links to information about various patient assistance programs and general information about Medicaid's and Medicare's prescription drug offerings. It's conceivable that you may be eligible for a patient assistance program but not Medicaid (for all I know, the reverse may be true) but it's difficult to tell without contacting the specific company. Some patient assistance programs only apply to generic versions of the drug, while some state Medicaid programs will pay for brand names. Obviously this varies from state to state.


(Can't find the delete button on the Android app -- Family Loans are worth investigating but I'm not sure they're applicable to this case.)


> stock funds that Rep. Paul does own are all “short,” or make bets against, U.S. stocks. **One is a “double inverse” fund** Unless he's actually shorting a 2x bull ETF, he's losing money (regardless of how the benchmark is doing)


It seems that your Organizers are not familiar with dealing transfers outside of Euro Zone. You are right IBAN is not used in India. A Bank in France can initiate an International Wire. There are few Banks that offer this online, for most one has to visit the Branch. See this https://expatriates.stackexchange.com/questions/2862/international-money-transfer-online-from-a-french-bank I am not aware of any other term used in France for International Wire, try explaining; Its also called BIC. It would help if you also provide your Correspondent Bank details [This will be a Bank in Europe]. This should be available on your Indian Bank's website.


One broker told me that I have to simply read the ask size and the bid size, seeing what the market makers are offering. This implies that my order would have to match that price exactly, which is unfortunate because options contract spreads can be WIDE. Also, if my planned position size is larger than the best bid/best ask, then I should break up the order, which is also unfortunate because most brokers charge a lot for options orders.


I don't believe they're right. For international wire transfers you'd need either IBAN or SWIFT codes. I don't think any US bank participates in the IBAN network (mostly Europe and the Far East), so SWIFT is they way to go with the US. Credit unions frequently don't know what and how to do with international transactions because they don't have them that often. Some don't even have SWIFT codes of their own (many, in fact) and use intermediaries to receive money.


Doctor Randy Davis Doctor Randy Davis works for the Baltimore Washington Medical Center where he has been an orthopedic surgeon since 1983. He has served in a number of leadership positions at the Baltimore Washington Medical Center. From 2003-2015, he was the Director of Spine Surgery. He was also the President of the Medical Staff from 2012-2013.


> Word to the wise, don't take on debt to basically launch your business. Can confirm. Was bankruptcy attorney for small business in Ch 11, and have heard recordings of some of its lenders (a family, actually) making not-so-subtle threats on the lives/safety of some of the company's principals. And the background of these guys told me they weren't bluffing. Just because some prospective lenders appear legit and even own sizable companies, it doesn't mean they're not willing to take less-than-legal routes to collect.


Whilst I lean more toward decriminalisation rather than the war on drugs - not sure how comfortable I am with designer drugs to promote TV shows. Even if the show is awful. Seems like that would lead us down a road with unintended consequences. But hey, what do I know? EDIT - Spelling


I'm a bot, *bleep*, *bloop*. Someone has linked to this thread from another place on reddit: - [/r/unitedkingdom] [Might be of interest here - recent interview with Nick Leeson, rogue trader](https://np.reddit.com/r/unitedkingdom/comments/74eqqp/might_be_of_interest_here_recent_interview_with/) [](#footer)*^(If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads.) ^\([Info](/r/TotesMessenger) ^/ ^[Contact](/message/compose?to=/r/TotesMessenger))* [](#bot)


"> You know there is a heading in big bold text that says ""My budding product empire"" that conveniently links to actual products that make money for said author. It's 2/3 of the way down the page in the same colour and format as the rest of the text. It's very poorly displayed - any product or service should be prominently featured. > I think you have a problem with the whole way the author markets herself, but I obviously it works. That's not obvious, no. Anyone can make vague boasts about how much money they make, especially if those claims are aimed at attracting more business. The ones who brag the loudest are usually the ones with the biggest shortfall to make up. > Also I don't feel like it's bragging, it's more like sharing the wealth. Sharing what wealth? As I said, anyone can make hollow claims about how much money they make. It all sounds too much like those self-help books."


As for income tax purposes, dg99's answer is correct. The entire amount that is converted is post-tax (you had to pay tax on any pre-tax amounts upon conversion), so you do not pay tax on it when you withdraw it in a non-qualified distribution, similar to with contributions. However, there's another, perhaps more important, consideration here -- the early withdrawal penalty for non-qualified distributions from Roth IRA. For non-qualified distributions of contributions, there is never an early withdrawal penalty. For non-qualified distributions of rollovers and conversions, there is an early withdrawal penalty if withdrawn within 5 years of the rollover or conversion, but only on the part of the rollover or conversion that was taxable during the conversion. So if you want to withdraw within 5 years of the conversion, then it works differently from direct contributions. Because contributions and conversions have different treatment for the penalty, the ordering between them matters too. Contributions are always withdrawn before rollovers and conversions (a later contribution still comes before an earlier rollover or conversion). But within rollovers and conversions, they are ordered by year (an earlier rollover or conversion comes before a later one), and within a year, the taxable part is ordered before the non-taxable part.


"There are a couple of misconceptions I think are present here: Firstly, when people say ""interest"", usually that implies a lower-risk investment, like a government bond or a money market fund. Some interest-earning investments can be higher risk (like junk bonds offered by near-bankrupt companies), but for the most part, stocks are higher risk. With higher risk comes higher reward, but obviously also the chance for a bad year. A ""bad year"" can mean your fund actually goes down in value, because the companies you are invested in do poorly. So calling all value increases ""interest"" is not the correct way to think about things. Secondly, remember that ""Roth IRA fund"" doesn't really tell you what's ""inside"" it. You could set up your fund to include only low-risk interest earning investments, or higher risk foreign stocks. From what you've said, your fund is a ""target retirement date""-type fund. This typically means that it is a mix of stocks and bonds, weighted higher to bonds if you are older (on the theory of minimizing risk near retirement), and higher to stocks if you are younger (on the theory of accepting risk for higher average returns when you have time to overcome losses). What this means is that assuming you're young and the fund you have is typical, you probably have ~50%+ of your money invested in stocks. Stocks don't pay interest, they give you value in two ways: they pay you dividends, and the companies that they are a share of increase in value (remember that a stock is literally a small % ownership of the company). So the value increase you see as the increase due to the increase in the mutual fund's share price, is part of the total ""interest"" amount you were expecting. Finally, if you are reading about ""standard growth"" of an account using a given amount of contributions, someone somewhere is making an assumption about how much ""growth"" actually happens. Either you entered a number in the calculator (""How much do you expect growth to be per year?"") or it made an assumption by default (probably something like 7% growth per year - I haven't checked the math on your number to see what the growth rate they used was). These types of assumptions can be helpful for general retirement planning, but they are not ""rules"" that your investments are required by law to follow. If you invest in something with risk, your return may be less than expected."


Your only option might be finding a seller-financed property with a motivated seller who is willing to take the risk of loaning you money. However, be prepared to pay a hefty rate on that loan if you can even pull it off.


In short, yes. Implied volatility will capture any expected upcoming material announcements. There is also supply/demand impact bundled in which may inflate an option price, and by extension increase implied volatility. OTM and ITM options are particularly predisposed to this phenomenon -- which is of course at odds with the traditional BS model assumptions -- the result is referred to as the volatility smile. Implied volatility is quoted as an annualised measure but isn't necessarily an annual value -- it will correspond to the option time period.


"And now it is at about $3. Many times ""skeletons"" are bought and inflated for various reasons. Some are legitimate (for example a private business merging into a defunct but public corporation to avoid wasting resources on going public), some are not (mainly pump-and-dump scams that are using ""skeletons""). I don't know what was the case here (probably speculation based on the new marijuana laws in the US), but clearly the inflated price was completely unjustified since it went crashing down."


There's virtually no way for a person to completely avoid taxation at some point in their lives. Between payroll, sales, excise, and the like, you've been taxed at some point. And whether or not the individual paid is irrelevant to the ownership claim being invalid.


"Where are you getting the idea that I think there is any altruism whatsoever in what Whole Foods does? You are missing the point entirely. Let me make it perfectly clear: They are selling me **what** I, personally, want, and selling it to me in the **way** I, personally, want it. Every single grocery store is ""consumerist."" I've been shopping at Whole Foods for (almost) 30 years, and the reason is because Whole Foods has put its research into discovering what and how to serve me, and then delivering. The experience of shopping in a Safeway, Albertson's or the like is ugly, uncomfortable, cold and smelly. They are too big and take forever to get from one item I want to another. They are filled with junk they are trying to trick me into thinking is nutritious. What makes you think Whole Foods is in any way MORE deceptive than Walmart, Publix, Costco, etc? Because they responded to a market that wanted **quality** food that could be traced back to it's source? Why wouldn't they respond to that? It is a myth that WF is selling only ""luxury food and drink"" items. I can go into a WF and see local produce. What is so extravagant about that? >do you ever wonder if maybe that passion is appealed to and marketer towards by businesses I'm *thrilled* that it is. That means I can access food that I want and enjoy, and it costs less than it would otherwise. I can buy sugar-free bacon at Whole Foods. YAY! I feel great about that. I can't get that at Safeway. Do you think commercial food producers and other grocery outlets don't collectively FAR outspend Whole Foods to promote less nutritious food that is as inexpensive as possible to produce? That they don't sacrifice quality for profits? Where do you live that commercial grocery chains are somehow operating from the goodness of **their** hearts? Tell yourself whatever you want -- but if you have the impression that WF has somehow fooling me, thanks for your concern, but I'm good. I LOVE that they figured out what I want to eat and how I want to shop for it."


Keep it simple, three fund portfolio... Just because you have a lot of money doesn't mean you have to consult an advisor. Post your situation to boggleheads forum. And yes, don't get a mortgage if you can afford to pay in cash.


Outsourcing a call centre company is not essentially necessary for your company at this particular moment, but it’s a worth consideration in the long run if you are seriously concerned about expanding your trade efficiently on the global pitch. It is definitely one of the rare schemes where you can decrease the stress levels in the office, yet reap the rewards in terms of business expansion and brand reputation.


See the accepted answer for this question. What effect will credit card churning for frequent flyer miles have on my credit score? This does not directly answer 'how often...' that you asked, but it states that the answerer opens 5-15 accounts per year. So the answer to your question is, as often as you want, as long as you manage your account ages. The reason for this is that there are two factors in opening a new account that affect your credit card score. One is average age of accounts. The other is credit inquiries. That answerer, with FICO in high 700s, sees about a 5% swing based on new cards and closing old ones. You'll have to manage average age of accounts. I assume this is done by keeping some older ones open to prop up the average, and by judiciously closing the churn accounts. Finally, if you choose to engage in churning, and you intend to apply for a large loan and want a good credit score, simply pause the account open/close part of the churn a couple of months ahead of time. Your score should recover from the temporary hits of the inquiries. The churning communities really do have how to guides which discuss the details of this. Key phrase: credit card churning.


No. Disclaimer - As a US educated fellow, I needed to search a bit. I found an article 7 Common SMSF Pension Errors. It implied that there are minimum payments required each year as with our US retirement accounts. These minimums are unrelated to the assets within the account, just based on the total value. The way I read that, there would be a point where you'd have to sell a property or partial interest to be sure you have the cash to distribute each year. I also learned that unlike US rules, which permit a distribution of stock as part of a required minimum distribution, in Australia, the distribution must be in cash (or a deposited check, of course.)


The only way you can save taxes is by starting a limited company, not paying yourself any salary, so you pay 20% corporation taxes, you can take I think £5000 a year dividends tax free, and leave the rest in the company account, and don't touch it until you make less money.


The scale on this is horribly biasing. 1-1000 is only 1/20th of the line but 1/2 of the actual time scale. Which means china has had the majority of world GDP for almost all of history. But it doesnt look like that at first glance.


Every bill you write counts as income (if the bill doesn't get paid, you would count that as an expense). In cases where you don't write bills, I think the payment you receive would count as income, but you might check that on the HMRC website. So to record your income, you can basically record the payments that you receive. Anything you pay out for your business is an expense. You keep a receipt for every expense - if you don't have a receipt, you can't count it as an expense, so keeping all the receipts is very, very important. An exception are investments, for example buying a computer that should last multiple years; there you can count a percentage of the investment as expense every year. All income, minus all expenses, is your profit. You pay tax and National Insurance contributions according to your profit. You can do whatever you like with the profit. Notice that I didn't mention any salary. Self employed means you have no salary, you have profits and do with them whatever you like. On the other hand, you pay taxes on these profits almost exactly as if they were income. If you have this blog but are also employed, you'll add the profits to your normal income statement.