"These are meaningless statistics on multiple levels:  1. These value rises are as of 2016. This does not indicate any sort of significant trend in the rise in value of these bags over time. Did they lose 30% in 2015? Will value stagnate in 2018?  2. Even if a trend were established (it is not), it doesn't suggest any sort of future movements whatsoever, as past price movements don't ensure future movements.  3. The fundamental idea of ""investing"" in an accessory is questionable at best. While collectors will buy things like cars and art, and some will sit on them as stores of value, the economics of generating future returns on these items is not so logically sound as with stocks or bonds. These collectors items do not generate future value in a way that produces cash flows. An individual has to purely hope that somebody is willing to pay more for it in the future; the item does not fundamentally necessitate higher payment. This is the fundamental problem also with ""investing"" in commodities, and why a fundamentalist like Buffet would never do it. You bet on a commodity move (hopefully with information that you believe the market to be incorrectly synthesizing); you don't really ""invest"" in one. What makes a stock or bond (a company) different is that a company can be thought of as a black box that prints more money than it is fed. We feed money into a company as investors; the company uses that money to buy assets (e.g. Machines, inventory) at book value; the assets are made to work in tandem to produce goods/services that have more value than the sum of their parts; those goods/services are sold at the now higher value for a profit, and cash flows are returned to investors for an annual return on your investment (sometimes dividends aren't paid, but are reinvested with the expectation that reinvestment will lead to far larger dividends in the future). As such, the money investors feed into a company is turned into more money at the other end, and thus the company has produced more value than it's inputs alone. It has done so through the combination of resources (assets) in a way that makes their value greater than the sum of their parts. A company fundamentally is a logical investment (barring doubts about management's ability to create this value). It is like a black box that prints more money over time than you feed it. Purses do not; gold does not; oil does not.  Don't invest in purses. Collect then if you love them, but don't bank on a payday."


Let's not make this about me, it's simply an anecdote from personal experience about how this kind of thing affects employees. I'd rather work for a company where I know the pay is fair and equitable than one where HR just shoots from the hip.


There are those who are knowledgable in real estate who offer rules of thumb: Don't pay more that 50X the rent for the house. Here, $972 x 50 is $48600. Assume half the rent goes to expenses. So from $972, you net $486, and after that mortgage, you have $111 in profit. Zillow usually assumes 20% down, here $20K. So you are seeing a 6.67% return on your 20K. (Plus appreciation and principal paydown.)  For the record, I just bought a 3 family, under renovation now. Expecting total cost to be $160K, and total rent $2500. I missed ratio a by a bit, but $1250 to go toward a $120K mortgage works out fine. $550 profit/mo on the 25% down ($40K). (By the way, a turnover of tenants can cost (a) a month of no rent, (b) a cost to the real estate agent, if you use one, and the cost to paint/repair. This is generally considered 10%. So if the 50% of rent seemed high, here's 10 of it.)


You're asking three different questions...  Q1: What's to stop people not reporting income earned in this manner?  A: Nothing. Absolutely nothing. The IRS doesn't have the means to keep track of your cash flow and your reported taxes on the fly.  Q2: How could the IRS possibly keep track of that? A: When you get audited. If it ever did come up that things didn't balance you would end up owing back taxes, with interest and possibly fines.  Q3: Moral obligations aside... why report? A: Since you've dismissed 'doing your duty as a citizen' as a moral obligation, the only other real one is that it's a pain in the butt to get audited and it is expensive if you lie and get caught.


"SEC filings do not contain this information, generally. You can find intangible assets on balance sheets, but not as detailed as writing down every asset separately, only aggregated at some level (may be as detailed as specifying ""patents"" as a separate line, although even that I wouldn't count on). Companies may hold different rights to different patents in different countries, patents are being granted and expired constantly, and unless this is a pharma industry or a startup - each single patent doesn't have a critical bearing on the company performance."


You're totally correct, but missed my point.  The socialists in our society pushed for socialized healthcare, the free-marketers resisted.  Punishing poor/unskilled workers was the end-result compromise.    Personally I think the only reason this compromise exists is because the socialists elements of our society have a fundamentally naive view of how an economy works.  It isn't because they are evil, it's just that their total focus on 'social-justice' blinds them from seeing the inevitable consequence of their actions.  It's a similar problem to fundamental religionists needing to disregard science to remain true to their faith.  Knowledge of science turns people towards atheism, knowledge of economics turns people towards free-markets.  It's critical for one to find a mechanism to remain ignorant in order to hold on to such a world-view which is why few people 'jump ship' from athiesm to religion, or from free-marketer to socialist.  It's a one way trip.  Religion and socialism are psychologically and emotionally comforting and to a limited degree work well, especially in smaller communities in helping to coordinate a society to bring about positive results.  So I'm not anti-socialist, nor anti-religionists, especially at the small scale.  The problem is that because both of these movements rely on a certain kind of willful ignorance, their adherents are easily 'tricked' into working against their core motivations (love for humanity, justice for all).  I said all that to say that you are correct in assuming I blame the socialist disproportionately, but I think this blame is justified.  If they didn't have such an irrational/ignorate fear of the free market we wouldn't have such complex, unfair set of rules that tend to hurt the most disadvantaged in our society most.


"From your mother point of view, the money she receives from you cannot be defined as ""Income"" and hence there is not income tax. However this would be treated as ""Gift"" and as per Gift Tax rules, there is no limit on transfers of money between ""Relative"". Your Mother falls under this definition and hence you can give unlimited money to your parents without any tax implication. It is advisable to keep proper records if the amounts run upto lacs of rupees."


You will probably not be able to figure out the bank from the account number. You can check for your name on registries of abandoned bank accounts or unclaimed money, but without more information, you don't have a lot of options.


"I bet he didn't even get offered an IPO - he probably thought that if you buy it on the first day that's the ""ipo"" and you can make money on a bounce.  Honestly, I think this open access to the stock market whereby anyone can be a 'trader' is a terrible thing."


Thank you for the pointers! Did you find it necessary to hire an attorney to set up your llc? Have you found any real down-sides with the llc option? It seems to be great in most circumstances from what I'm reading/hearing, there must be some negatives.


"But you're forgetting that the problem under discussion here is that the owners who set the wages tend to prefer higher profits over ""best employees, they are happier, lower turn over"". In a lot of industries that employ a lot of people, a marginal increase in productivity isn't going to overcome the increase in wages required to create it."


"The Fair Credit Reporting Act specifies in some detail on pages 50-54 (as labeled in the footer, 55-59 as pages in pdf) the process that occurs when a consumer initiates a dispute.  The safe outcome for the reporting agency is to remove the information in dispute  from reports within 30 days if the reporting party does not certify the information is complete and accurate (with other statutory timelines for communication to the customer and the reporter).   If you initiate a dispute, then the agency is following the law by deleting the reported information, outside new input from the furnisher.  If this is unsatisfactory, you have the following statutory right within § 611. Procedure in case of disputed accuracy [15 U.S.C. § 1681i (d) Notification of deletion of disputed information. Following any deletion of   information which is found to be inaccurate or whose accuracy can no longer   be verified or any notation as to disputed information, the consumer   reporting agency shall, at the request of the consumer, furnish notification   that the item has been deleted or the statement, codification or summary   pursuant to subsection (b) or (c) of this section to any person specifically   designated by the consumer who has within two years prior thereto received   a consumer report for employment purposes, or within six months   prior thereto received a consumer report for any other purpose, which   contained the deleted or disputed information.  The section that binds furnishers of information (§ 623. Responsibilities of furnishers of information to consumer reporting agencies [15 U.S.C. § 1681s-2], starting on page 78 in the footer) places on them the following specific duties: (B) Reporting information after notice and confirmation of errors.   A person shall not furnish information relating to a consumer to   any consumer reporting agency if   (i) the person has been notified by the consumer, at the address   specified by the person for such notices, that specific   information is inaccurate; and   (ii) the information is, in fact, inaccurate. ... (2) Duty to correct and update information. A person who   (A) regularly and in the ordinary course of business furnishes information   to one or more consumer reporting agencies about the   person’s transactions or experiences with any consumer; and   (B) has furnished to a consumer reporting agency information   that the person determines is not complete or accurate, shall   promptly notify the consumer reporting agency of that determination   and provide to the agency any corrections to that information,   or any additional information, that is necessary to make   the information provided by the person to the agency complete   and accurate, and shall not thereafter furnish to the agency any   of the information that remains not complete or accurate. So there you have it: they have to stop reporting inaccurate information, and ""promptly"" notify the credit agency once they've determined what is incomplete or inaccurate. I note no specific statutory timeline for this investigation."


EDIT: This answer is outdated and is no longer valid due to that all new & existing accounts in Jersey must be owned by a resident from Guernsey or Jersey due to anti-tax-dodging laws. Link Open an offshore account in a Bank in Jersey. Mime is with lloydstsb-offshore.com. It will cost you £70 a year, but for that price you can get 3 accounts: one in $, one in £ and one in €. You can move money between the accounts without any cost and you can have a chip and pin card on both the Euro and the £ accounts. And there is no residency restrictions. Downsides: The anti laundering checks are annoying. Don't forget to tell the IRS about every single cent you get in interest and religiously pay your tax on it. The revenue service doesn't like people with off-shore accounts...


That is how the market works. Maybe these roofing companies should find another line of work. Roofing is a shitty job, and I can understand why people don't want to do it for $10/hour, which is ~20k a year, which is subsistence living at best. Less roofers, less supply...well you know. So it is in the workers best interests long term to turn their nose up at low paying laborious jobs. Just like a company would do if they were in a line of work with low profit margins. With the difference being, when labor does not get motivated for low pay, they are considered lazy.


The answers provided so far as good and informative, but I just thought I'd add one small point... There are super-national organisations that commonly lend to governments, in particular those in the developing the world. The World Bank and IMF (International Monetary Fund) are the two primary ones. Also quite notably, the Greek economy was bailed out only this year by the EMF (European Monetary Fund) spearheaded by Germany - this is a rare occurrence however and was done mainly because Greece was a relatively developed country and others had an obligation to assist it as an EU member state.


For all of us who are married, our wedding day is remembered as a special day in our lives. There would be hardly anyone, who would not want their wedding day to be as special as possible and a memorable one at that. However, while memories can fade with passage of time, one can store them for a lifetime, with the help of photographs.


There are 2 approaches. One of them is already mentioned by @Afforess. If the approach by @Afforess is not feasible, and you can not see yourself making an unbiased decision, close the position.  By closing the position you will not get the best price. But by removing a distraction you will reduce amount of mistakes you make in the other stocks.


I'm trying to get the numbers to work. I built a quick spreadsheet that allocated the lost time as stated against the overall pay increase, assuming 1.5x for more than 40 hours.   I can't find a reasonable number of hours worked where a 9% cut in hours outweighs the near 20% increase in wages.


I teach just north of the border in Ontario.  It is incredibly hard to get a teaching job here (close to any urban centres anyway).  If you are lucky, it's 3-4 years of supplying and part-time before you get your own full-time gig.  Applications to get on the supply lists far outstrip the availability of positions.  This is entirely because teachers are well paid here.


"Exactly. Not to mention the driver burn rate.   There's a reason taxi generally costs more than Uber. And no it's not because of the ""corrupt taxi monopoly"" as Uber would like you to believe. And no, it's not the medallion purchased amortized over 30 years.  It's because that's what it costs to operate and maintain a commercial transportation service."


"VIV.PA - is Vivendi listed on a stock exchange in Paris VIVEF - is Vivendi listed on the OTC Other Exchange. VIVHY - is Listed on the OTC:Pink Sheets.  A company can be listed on multiple exchanges, they are known as a dual-listed company. It's a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Pretty much all DLCs are cross-border, and have tax advantages for the corporations and their stockholders. When a DLC is created, in essence two companies are created and have two separate bodies of shareholders, but they agree to share all the risks and rewards of the ownership of all their operating businesses in a fixed proportion, laid out in a contract called an ""equalization agreement"". The shares of a DLC parents have claim to the exact same underlying cash flows. So in theory the stock prices of these companies should move exactly the same. However in practice there can be differences between these prices. More info on OTC exchanges can be found here - keep in mind this info is from the company that runs these listings. Over the counter stocks are held to a FAR lesser regulation standard. I would recommend doing further interdependent research before pursuing any action."


> it actually equalizes the economies in the long run  Noone denies that - but those who dislike globalization **don't want** it to be equalized.  The world average income is $18,000 a year.  Compared to the current US average income of $37,000.  So this equalization means loosing half of your income.


Isn't Germany better able to handle population loss, though? The EU allows freedom of movement, so whatever jobs Germans can't fill, a Spaniard, Italian, or Bulgarian can fill instead. Japan doesn't have anything like that and is actually very xenophobic from what I've heard.


crank out expensive shares when markets are frothy Corporations go public (sell their shares for the first time) in market conditions that have a lot of liquidity (a lot of people buying shares) and when they have to make the fewest concessions to appease an investing public. When people are greedy and looking to make money without using too much due diligence. Think Netscape's IPO in 1995 or Snapchat's IPO in 2017. They also issue more shares after already being public in similar circumstances. Think Tesla's 1 billion dollar dilution in 2017. Dilution results in the 1 share owning less of the company. So in a less euphoric investing environment, share prices go down in response to dilution. See Viggle's stock for an example, if you can find a chart. issue debt Non-financial companies create bonds and sell bonds. Why is that surprising to you? Cash is cash. This is called corporate bonds or corporate debt. You can buy Apple bonds right now if you want from the same brokers that let you buy stocks. mutual fund investor Bernstein is making a cynical assessment of the markets which carries a lot of truth. Dumping shares on your mom's 401k is a running gag amongst some financial professionals. Basically mutual fund investors are typically the least well researched or most gullible market participants to sell to, influenced by brand name more than company fundamentals, who will balk at the concept of reading a prospectus. Financial professionals and CFOs have more information than their investors and can gain extended advantages because of this. Just take the emotions out of it and make objective assessments.


"Legally speaking, if you do close a limited company, the funds belong to the government (""bona vacantia""). There's some guidance on this at Companies House and there is indeed a substantial amount of administration work to get it undone. Notable excerpts: You should deal with any loose ends, such as closing the company’s   bank account, the transfer of any domain names - before you apply. [...] From the date of dissolution, any assets of a dissolved company will   belong to the Crown. The company’s bank account will be frozen and any   credit balance in the account will pass to the Crown. [...] 4. What happens to the assets of a dissolved company? From the date of dissolution, any assets of a dissolved company will   be 'bona vacantia'. Bona vacantia literally means “vacant goods” and   is the technical name for property that passes to the Crown because it   does not have a legal owner. The company’s bank account will be frozen   and any credit balance in the account will be passed to the Crown. [...] Chapter 3 - Restoration by Court Order The registrar can only restore a company if he receives a court order,   unless a company is administratively restored to the register (see   chapter 4).  Anyone who intends to make an application to the court to   restore a company is advised to obtain independent legal advice. [...] Chapter 4 - Administrative Restoration 1. What is Administrative Restoration? Under certain conditions, where a company was dissolved because it   appeared to be no longer carrying on business or in operation, a   former director or member may apply to the registrar to have the   company restored. [...]"


I'm glad keshlam and Bobby mentioned there are free tools, both from the IRS and private software companies.  Also search for Volunteer Income Tax Assistance (VITA) in your area for individual help with your return. A walk-in tax clinic strength is tax preparation.  CPAs and EAs provide a higher level of service.  For example, they compile and review your prior year's return and your current year, although that is not relevant to your current situation.  EAs and CPAs are allowed to represent you before the IRS.  They can directly meet or contact the IRS and navigate audits and other requests on your behalf.  Outside of tax season, an accountant can help you with tax planning and other taxable events. Some people do not hire a CPA or EA until they need representation.  Establishing a relationship and familiarity with an accountant now can save time and money if you do anticipate you will need representation later.  Part of what makes the tax code complicated is it can use very specific definitions of a common word.  Furthermore, the specific definition of a phrase or word can change between publications.  Also, the tax code uses all-encompassing definitions and provide detailed and lengthy lists that are not exhaustive; you may not find your situation listed or described in the tax code, yet you are responsible for reporting your taxable events.  The best software cannot navigate you through your tax situation like an accountant. Lastly, some of the smartest people I have met are accountants and to get the most out of meeting with them you should be as familiar as possible with your position.  The more familiar you are with accounting, the more advanced knowledge they can share with you. In short, you will probably need an accountant when: You need to explain yourself before the IRS (representation), you are encountering varying definitions in the tax code that have an impact on your return, or you have important economic activities that you are unsure of appropriate tax treatment.


think the main reason is that the number of companies that offer business flights to their personnel dropped significantly. So airliners need to fill that space with paying customers. Frequent flyers often travel last minute, where the margin is higher, so in a way, they do pay for their premium service.


"how can I get started knowing that my strategy opportunities are limited and that my capital is low, but the success rate is relatively high? A margin account can help you ""leverage"" a small amount of capital to make decent profits. Beware, it can also wipe out your capital very quickly. Forex trading is already high-risk. Leveraged Forex trading can be downright speculative.   I'm curious how you arrived at the 96% success ratio. As Jason R has pointed out, 1-2 trades a year for 7 years would only give you 7-14 trades. In order to get a success rate of 96% you would have had to successful exploit this ""irregularity"" at 24 out of 25 times.   I recommend you proceed cautiously. Make the transition from a paper trader to a profit-seeking trader slowly. Use a low leverage ratio until you can make several more successful trades and then slowly increase your leverage as you gain confidence. Again, be very careful with leverage: it can either greatly increase or decrease the relatively small amount of capital you have."


"Depends. The short answer is yes; HSBC, for instance, based in New York, is listed on both the LSE and NYSE. Toyota's listed on the TSE and NYSE. There are many ways to do this; both of the above examples are the result of a corporation owning a subsidiary in a foreign country by the same name (a holding company), which sells its own stock on the local market. The home corporation owns the majority holdings of the subsidiary, and issues its own stock on its ""home country's"" exchange. It is also possible for the same company to list shares of the same ""pool"" of stock on two different exchanges (the foreign exchange usually lists the stock in the corporation's home currency and the share prices are near-identical), or for a company to sell different portions of itself on different exchanges. However, these are much rarer; for tax liability and other cost purposes it's usually easier to keep American monies in America and Japanese monies in Japan by setting up two ""copies"" of yourself with one owning the other, and move money around between companies as necessary. Shares of one issue of one company's stock, on one exchange, are the same price regardless of where in the world you place a buy order from. However, that doesn't necessarily mean you'll pay the same actual value of currency for the stock. First off, you buy the stock in the listed currency, which means buying dollars (or Yen or Euros or GBP) with both a fluctuating exchange rate between currencies and a broker's fee (one of those cost savings that make it a good idea to charter subsidiaries; could you imagine millions a day in car sales moving from American dealers to Toyota of Japan, converted from USD to Yen, with a FOREX commission to be paid?). Second, you'll pay the stock broker a commission, and he may charge different rates for different exchanges that are cheaper or more costly for him to do business in (he might need a trader on the floor at each exchange or contract with a foreign broker for a cut of the commission)."


This might clear something up: http://en.wikipedia.org/wiki/Fiduciary  One in Corzine's position assumes a legal duty and obligation to make sure that what happened at MF Global *does not happen*. It's not a choice, or a question of who was culpable. Corzine is legally obligated by taking on the position, and if he didn't like it, he could resign and thus terminate the fiduciary duty.


As a longtime customer of Scottrade I want to say that I'm very happy with it. Now, to answer your question: they do give you a nominal cash interest rate but it is VERY low -- this past month it was 0.01% APYR. The interest that I earned in my Scottrade account in August (31 days) on average credit cash balance of $729.36 was $0.01. I don't know if or where they publish the rate, but you would get a much better rate from an average savings account. However, you can purchase CDs/bonds/tbills through Scottrade if you want cash/safe investments.


Never invest money you need in the short term. As already suggested, park your money in CDs.


You can go to the required company's website and check out their investor section. Here is an example from GE and Apple.


Unless you're Los Angeles. Because they have a lot of the facilities already. Plus they can now use it to insist all the metro expansions and infrastructure upgrades are completed on time. You can pass all kinds of local resolutions because the Olympics are coming.


No, at least not with specific houses. When I bought my current house, our realtor looked at the previous selling price of this house, along with the prices at which it had been placed on the market. These values influenced the amount we offered for the house. I'm sure it also influenced the amount the house had been listed at.


I know what I was trying to say. It has nothing to do with trump as the article seems to lean towards. The jobs in Florida were already there. I don't think trump Had anything to do with the several walk in clinics to open in my city this year. Nor the hiring of more teachers under Obamas fiscal year. The only thing preventing anyone here from getting a job is the ability to walk in and start at your convenience.


"I think I'm just old enough to not be referred to as one of them, but I know that I almost deliberately don't buy anything sold in ads, and I do weird shit like click no when sites ask me if an ad is relevant, especially when it is.   I don't use Twitter a lot, but when I do, I pick every single ad and kill it. What's the option? Is it ""I don't like this ad"" or something like that?  I know I've thrown off the persona tracking when I'm getting ads for things the exact opposite of what I would buy or use."


You mentioned BoA. I have had BoA accounts for about ten years. All of my transfers between accounts are immediate. I have never had to wait with BoA.  Scottrade Accounts are the worst in this respect. Once I had to wait 8 days. PayPal come in a close second for making you wait.


"IIRC there was a bit of a controversy with Google promoting its own services a year or two ago.  I failed to see fault on Google's part, but if you searched for something like a zip code, it would say:  ""Looking for zip code?  Try Google Maps"" (with link of course)  Then search results followed.  Google agreed to stop, but I don't think it was clear they were violating any laws."


Similar to the lawn care you mentioned: if you have space, you could have the kids create a mini-farmstand. They could grow flowers for cutting, some vegetables, etc. It would be a different twist on the classic lemonade stand. If the kids are into animals and space and zoning allows, you could keep chickens and add eggs to your mini-farmstand. Upfront costs for the garden would be small enough that they can learn about how investing in a business works at a very small scale. Along with learning about money, they also learn responsibility because it requires commitment and daily attention. It's also seasonal in a way that meshes well with school (though having animals is a constant year-round responsibility).


You're not seeing the forest for the trees.    Proper capital allocation takes diligent research from a community in choosing the best prospects.  That community then supports LONG-TERM investment in that company.  This is how proper companies are fostered; proper research is done; technologies advance, societies develop.  Long-term investment leads to proper capital allocation.  Please do tell me how short-term investment has any value in proper capital allocation.


I found the best way to do this was to make a spending plan at the beginning of the month with someone else. If you're married or in a relationship where you pool resources, then this is a natural way to sync up on your expectations. If you don't have a relationship of that nature, it's still good to have a friend that you talk to about things you are planning on buying. If I don't allow myself to buy things on a whim, if I have to take the time to justify my purchases to someone else, then I have to first think about the purchase and justify it to myself. Often the actual process of thinking it through is enough for me to talk myself out of it. Consider the tactics of car salesmen. Each time you attempt to leave the lot, to think about it overnight, they sweeten the offer to try to get you to buy before leaving. They know that if you leave the lot, you are much less likely to decide that you must have that car. You should have a policy of sleeping for one night before making any purchase over an arbitrary dollar amount say $250, or $500, or $1,000. Having that rule, and following it will save you a lot of buyers remorse. As an aside, I've had my eye on a 35mm prime lens for my camera for over a year now. I was ready to pay ~$500 for a nice lens that was discounted by $100, and I was a little sad that I missed the discount. However, I am very deliberate in my shopping, and I didn't want to buy until I read enough of the reviews to be certain about it. It turns out that the lens has a fatal flaw for landscape photography that most reviewers didn't notice because they were using it for portrait photography. I finally concluded that the lens I really wanted was an $800 lens. I looked at resale prices on my $600 lens and they are in the $350 range. So instead of missing out on a $100 discount, I missed out on a $150 loss trading up to the lens that I really want for the long term.


"That's bullshit. If money is ""created"" when bank makes a loan, then money is ""destroyed"" when customer repays the loan. Eventually these two processes even out, so money can be ""created"" only temporarily.     You can roll over the loans only to a certain extent, at some point chicken must come home to roost.     Current cycle of credit expansion just continues for so long, people lose common sense view and come up with nonsense ""theories""."


When you swipe your credit card, the terminal at the store makes a request of your bank, and your bank has only a few seconds to accept or reject the transaction. Once the transaction is accepted by your bank, it appears in the Pending transactions. At the end of the business day, the store submits all of the final transactions for the day to their bank in a batch, and the banks all trade transactions in a batch, and money is sent between banks. This is the process that takes a couple of days, and after this happens, you see the transaction move from your Pending transactions into the regular transactions area.  Most of the time, the pending transaction and the final transaction are the same. However, there are cases where it is different. A couple of examples: With a credit account, the fact that the final amount is not known for a few days is no big deal: after all, you don't have any money in the account, and if you end up spending more than you have, the bank will happily let you take your time coming up with the money (at a steep cost, of course). With a debit card tied to your checking account, the transaction is handled the same way, as far is the store is concerned. However, your bank is not going to run the risk of you overdrawing your checking account. They also are not going to run the risk of you withdrawing money from your account that is needed to cover pending transactions. So they usually treat these pending transactions as final transactions, deducting the pending transaction from your account balance immediately. When the final transaction comes through, they adjust the transaction, and your balance goes up or down accordingly. This is one of the big drawbacks to using a debit card, in my opinion. If a bad pending transaction comes through, you are out this money until it gets straightened out.


Much money is made by creditors on the transaction value of a client in addition to interest value.  Knowing that, I pay off all my cards every month, have never made a late payment, and get a number of offers every year for reward type cards. Don't ever be worried about paying off your card in full, just be sure you're using your card and that you pay on time, every time.


You seem to think that the term “held”is used correctly. There lies your logical fallacy.   I made no such assumption. In my question I test both the use of the term “US economy” AND the term “held”.   It is obvious you can’t “hold” income but if you want to get down to technicalities, both asset and income/expenses are types of accounts while the notion of “trust” is a legal construct to limit the rights of external creditors.


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>  That's true, but consumers have to pay to make those complaints, which is a racket unto itself.  That's news to me.  I never paid anything when I used the BBB to threaten a lawsuit in 2007.  If you have to pay to complain, I have grave concern and would skip BBB all together.


Standard Repayment can be quite burdensome. Fortunately, it looks like FedLoan Servicing offers a variety of payment plan options, and even provides a calculator that you can use to compare them given your adjusted gross income and current loan balances. This won't reduce that $420 to $0 but it may bring it down significantly.  I agree with @littleadv that you need legal advice to answer your other questions. That being said, I can tell you that it is possible to go into deferment and/or forbearance at any time (not only before you start making regular payments) as long as you meet the criteria.  Otherwise, it may be worth looking through other questions and answers on here about lowering expenses and increasing income. There is a lot of good advice for people in similar situations to yours. If you are truly in hardship, even with a full-time job, you may qualify for supplemental nutrition insurance, a.k.a. food stamps.  Best of luck.


Rent deposit returned to you is not an income. Its your money to begin with. The homeowner is taxed on taking it and can expense the refund, but for you - there's no taxable event. ATM rebate is what it is - rebate. A cash discount over the money paid. Basically - the bank refunded you a fee you paid (ATM rebate is a refund of the ATM fee you paid to a third-party ATM operator). Again - your money. The ATM operator and the bank both have taxable income/deduction, but its not your problem. You - just got your money back. No income, no taxable event. Neither should appear on your tax forms, and similarly nor should credit card points, cash rebates, frequent flyer miles, etc. All are in fact either a refund of your money paid or a merchant discount to you, not an income.


Indeed. This is the death punch the Chinese have been training for. Remove the petrodollar and our economy cant survive without all that demand. One punch, you neutered the US and its military budget now becomes to large to finance. The cost of imports would also increase destroying what ever purchasing power the average broke citizen has. US would be forced to deal with its budget and cut backs to social programs would cause chaos. Fun times ahead.


The market maker will always compare the highest bid and the lowest ask. A trade will happen if the highest bid is at least as high as the lowest ask. Adding one share (or a million shares) at a higher asking price, here: $210 instead of $200, will not have any effect at all. Nobody will buy the share.  Adding a bid for one share (or a million shares) at a higher bid price will trigger a sale. If you bid $210 for one share, you will pay $210 for one of the shares that were offered at $200. If you have $210 million in cash and add a bid for 1,000,000 AAPL at $210, you will pay $210 for all shares with an ask of $200.00, then $200.01, then $200.02 until you either bought all shares with an ask up to $210, or until you bought a million shares.  With AAPL, you probably bid the price up to $201 with a million shares, so you made lots of people very happy while losing about 10 million dollars. So let's say this is a much smaller company.  You have driven the share price up to $210, but there is nobody else bidding above $200. So nobody is going to buy your shares. Until some people think there is something going on and enter higher bids, but then some people will take advantage of this and ask lower than your $210. And there will be more people trying to make cash by selling their shares at a good price than people tricked into bidding over $200, so it is most likely that you lose out.  (This completely ignores legality; attempting to do this would be market manipulation and in many countries illegal. I don't know if losing money in the process would protect you from criminal charges).


"well, yes, your original comment was a general statement that ""paying taxes is a civic duty and patriotic"". General statements get general responses. So yeah, saying that taxes are a civic duty or are patriotic is meaningless, borderline tautology. I'm not sure how much deeper you want to go, because you didn't make a very deep comment.  and it doesn't matter how much taxes you or I pay, or who pays more."


"You're welcome.  I think what Trump could do is give a deep discount to federal employees.  Many hotels already do this.  Make the price the lowest in DC.  That would go a long way to diffuse this type of conflict.    I honestly don't think he's trying to profit from his office.  He's even donated his salary to the Federal Park system.  Trump has a huge ego.  He's said stupid things.  But if I was to rank ""most evil presidents"" it would be the Bush's and Cheney.  They were war mongers and war profiteers.  Reagan and his trickle down economics was bad too.  Trump would be pretty far down that list.    If Trump drags us into an unnecessary war, that would definitely change my opinion of him."


Did You Make The Decision?   Some of us display Entrepreneurial traits from a young age, research shows that some successful individuals have had Entrepreneurial parents.  In my case, it was circumstantial – I took a leap of faith in myself & have learnt so many valuable lessons along the way.  When you set-up in business you will go through an array of emotions for at least 2 years, it takes between 2 – 3 years for your nerves to settle & to feel you are not faking it but making your future unfold in front of you.


"Market orders do not get priority over limit orders.  Time is the only factor that matters in price/time order matching when the order price is the same. For example, suppose the current best available offer for AAPL is $100.01 and the best available bid is $100.00.  Now a limit buy for $100.01 and a market buy arrive at around the same instant.  The matching engine can only receive one order at a time, no matter how close together they arrive. Let's say that by chance the limit buy arrives first.  The engine will check if there's a matching sell at $100.01 and indeed there is and a trade occurs.  This all happens in an instant before the matching engine ever sees the market buy.  Then it moves on to the market buy and processes it accordingly. On the other hand, let's say that by chance the market buy arrives first.  The engine will match it with the best available sell (at $100.01) and a trade occurs.  This all happens in an instant before the matching engine ever sees the limit buy.  Then it moves on to the limit buy and processes it accordingly. So there's never a comparison between the two orders or their ""priorities"" because they never exist in the system at the same time.  The first one to arrive is processed first; the second one to arrive is processed second."


"Leaving the issue of purchasing gift cards aside, xeroxing the coupons and reusing them is fraud. Your statement that ""well Target should have made unique coupon codes, they have more knowledge so it's on them"" opens a very dangerous path. If someone makes copies of dollar bills (but generates new, fake serial numbers since those are unique) it shouldn't be fraud because the government should have known better? If you read the actual thread (plus it's mentioned in the article) there are discussions of timing ""raids"" to catch cashier shift changes, people going from Target to Target, *people wearing disguises*, etc. How is that not clearly people knowing that what they were doing was fraudulent?"


They should be paid, just the absolute minimum considering their jobs require 0 skill and are based on hours worked not value added. Now that you've failed to strawman me, would you like to explain why you thinkable unskilled hourly laborer should be able to afford a family on that job alone?


You still haven't explained it.  I'm actually a theoretical physicist and many things (in fact, many more than in the financial world) can be done with pen and paper.  Also, I have a friend who works in risks management for a bank and the things he describes can't be done with pencil and paper. Everyone in his department uses either matlab or C. Not a single person uses spreadsheets. So unless you can give me a specific example of anything meaningful that in this day and age can be done with spreadsheets, you haven't contributed anything to a conversation that had nothing to do with you.


I had some extra money, so I opened American express saving account. At the time which was offering .80%, now .90%. I put most of the money in the saving account. The remainder of my money in a investment account at my local bank. I was in touch once a week with investment, I learned allot how the stock market worked and tax deferment(401k, IRA, IRA Roth). My suggestion is to do test run and see if you like it. Side note, NOT ALL investment are created equal.


Most of the information we get about how a company is running its business, in any market, comes from the company. If the information is related to financial statements, it is checked by an external audit, and then provided to the public through official channels. All of these controls are meant to make it very unlikely for a firm to commit fraud or to cook its books. In that sense the controls are successful, very few firms provide fraudulent information to the public compared with the thousands of companies that list in stock markets around the world.  Now, there is still a handful of firms that have committed fraud, and it is probable that a few firms are committing fraud right now. But, these companies go to great lengths to keep information about their fraud hidden from both the public and the authorities. All of these factors contribute to such frauds being black swan events to the outside observer.  A black swan event is an event that is highly improbable, impossible to foresee with the information available before the event (it can only be analyzed in retrospect), and it has very large impact. The classification of an event as a black swan depends on your perspective. E.g. the Enron collapse was not as unexpected to the Enron executives as it was to its investors.  You cannot foresee black swan events, but there are a few strategies that allow you to insure yourself against them. One such strategy is buying out of the money puts in the stocks where you have an investment, the idea being that in the event of a crash - due to fraud or whatever other reason - the profits in your puts would offset the loses on the stock. This strategy however suffers from time and loses a little money every day that the black swan doesn't show up, thanks to theta decay.  So while it is not possible to detect fraud before investing, or at least not feasible with the resources and information available to the average investor, it is possible to obtain some degree of protection against it, at a cost. Whether that cost is too high or not, is the million dollar question.


That's great, but veggie burgers generally aren't healthier than a reasonably sized lean meat burger.  Veggie burgers can have the same number of calories, but typically to have less protein and more vegetable oil and empty calories.  There are also concerns about eating too much soy and other types of beans (mainly because of estrogen mimicking phytoestrogens).


I was just wondering, are banks in India federally insured? Yes the Banks in India are insured for Principal and Interest upto Rs 1,00,000/- per holding type per Bank. See the DICGC website. So if you have one or more accounts [in the same or different branches of a bank] and the Principal is say Rs 98,000/- and the interest accrued at the time of liquidation is say Rs 4,000/- you will get Rs 1,00,000/-  If you have more than Rs 1,00,000/- you will not get only 1 lac. If you have an individual account, and your wife has an account and both of you have a joint account. The total limit will be Rs 3,00,000/-. If you are guardian to your Children, its again considered separate. RBI Site as a good example on this. If you open Accounts in Different Banks, the limit increases.  What happen if banks like Yes Bank or IndusInd bank goes bankrupt? Both Yes Bank and IndusInd are participants in the DICGC and are insured. See the full list here. How will we recover money in those cases? Although insured, the process to get the money back would be time consuming. More often the bank is placed under moratorium, an effort is made for amalgamation or reconstruction ... Only if everything fails, the bank goes into liquidation. So it could be anywhere from few months to few years for you to see you money.


"You do not need to write anything on the second line.  There are a variety of helpful things that you can add, e.g.: For Deposit Only.  This tells the bank to deposit the check into your account and ignore other signatures.   Your account number.  Especially useful when added to ""For Deposit Only"".   A countersignature.  This tells the bank to pay the check to someone other than you.   Countersigned checks used to be much more common than they are now.  Someone who didn't have a bank account might ask someone who did to cash a check for them.   See also:  Four ways to endorse a check which gives the correct format for endorsing a check in these ways."


With over 1 billion records our instant nationwide search system allows for unlimited look ups and accesses data from multiple databases to compile the most comprehensive reports available.  Start your FREE 7 Day trial today!


"Umm...  Yes I *do* expect an Admiral to sit and type emails.  If not for ""work"" merely for occasionally sending emails to friends and family.  Not knowing how to use email also tells me that he's never shopped online or participated in a forum or any other service that requires an email address to sign up."


In addition to there being no real guarantee on the guarantee page, note that the domain was registered on May 27, 2013, so there's no substantial track record of reliability. Finally, their Terms of Service explicitly note that they are not liable for loss of funds due to system malfunction, unauthorized access, etc. etc. Perfect Money is going out of their way to ensure they are offering no guarantees and will not be liable for any losses. How safe are your funds? You should not consider your funds to be safe if stored there. There's no guarantee you'll lose your funds, but no significant reason to believe you won't. Additionally, Perfect Money shut down access to all U.S. citizens on July 1st, 2013 with only two weeks of notice. Anyone who did not withdraw their money within this time lost access to it.


Mary Holm, who has a column on money in the NZ Herald, had this to say on the matter: Research shows that over and over again, the top dogs in one decade can be bottom dogs the next decade, and vice versa. Past performance really is no guide to the future. ... Fees are much less likely than returns to change over time. And low fees make a big difference to the long-term growth of your account. So just how low are your fund's fees? Perhaps that means the most sensible bet would be to pick a fund with good (but not necessarily best) historical returns but also with low fees. Personally, I've also included ethics as a factor in the decision, and I chose the ethical investment option offered by Superlife, hoping that it makes a small difference as explained here. (I have no affiliation with Superlife)


"Money has to come from somewhere.  It can't just appear.  So if there is really an aunt at an agency, and she is sending checks, then she is writing checks from that company, and stealing from that company.  If that is the case, then the person with whom you are in contact would be using you to launder money (hide its illegal origin) and when the aunt was caught, you would be also. If it is really being done between countries, then it might be more difficult for them to find you, but it is still illegal. However, it is also likely that your contact may be using a common scam, as described by another answerer, that of asking for money in return for a cashier's check.  Although cashier's checks were designed to be ""safer"" than regular checks, in that they won't bounce, if it is a fake cashier's check, it was never worth anything in the first place.  When the bank tries to claim the cash from the other bank, and finds it doesn't exist, or there is no record of that check, then the effect is similar to that of a personal check bouncing: the bank will want the money back. If you have already given a portion of that money to your contact, chances are, when your find this out, he will be long gone.  I would not have anything further to do with this person. Good luck."


Annual inflation was 15%+ in 1979, call it what you want, I call that hyper inflation.  And the CPI might say 1% since 2000 but the cost of gasoline and energy, the lifeblood of the economy, is left out in their calculation since ~1992.  Inflation right now is 10% if you calculate it the same way we did before 1980.


"Q: How do currency markets work? A: The FX (foreign exchange) market works very much like the stock market where potential buying parties bid $Y of country 1's currency to buy $1 in country 2's currency.  Potential selling parties sell (ask) $1 of country 2's currency for $Y of country 1's currency.  Like the stock market, there are also a swaps, futures and options in this market. Q: What factors are behind why currencies go up or down? A: Just like any open market, currencies go up and down based on supply and demand.  Many factors affect the supply and demand of a particular currency.  Some were listed well by the other posts. Q: What roles do governments, central banks, institutions, and traders have in the process? A: It's common practice that gov'ts intervene to ""control"" the value of currencies.  For example, although it's not general public knowledge, the Canadian gov't is actively purchasing up US dollars in the FX market in an effort to stop the US/Canadian exchange rate from dropping further.  This has dramatic economic consequences for the Canadian ecomony if the Canadian dollar were to strengthen too far and too quickly."


i'm asking for your support for the latest post contributed by my friend, alex smith, to www.badcreditcreditcardsite.com. it offers great tips you can surely use when managing your bad credit card account. hope you can read it and share it with all your friends, especially with those who are currently managing bad credit-credit cards. thanks a lot!


"You're mostly correct, although I think you're missing something essential about no-arbitrage versus an arbitrage argument.  Black-Scholes makes an arbitrage argument, which is that the value of an option should be the same as any portfolio that has identical cash flows, and this is generally a sound argument.  Notice, however, that BS is ultimately an equilibrium model: it tells you the ""correct"" price of an option if the assumptions of BS hold, and doesn't necessarily match observed market prices.  A no-arbitrage condition or model deliberately incorporates observed prices (or yields, or whatever) into the model, so that there cannot be an arbitrage opportunity implied by the model.  This comes up a lot in term structure of interest rate problems, where equilibrium models like Vasicek or Cox-Ingersoll-Ross won't perfectly reproduce the current, observed term structure, and so imply an arbitrage opportunity.  No-arbitrage models like Hull-White specifically match the model's term structure to observed yields/prices, so that there is no arbitrage opportunity between the observed term structure and your model of it.  It's important to note that this will still allow for arbitrage involving bonds that are *not* part of the observed term structure.  As for equivalent martingale measures, you might think about it more generally.  The process involves changing the probability distribution from the actual (which is hard to use for pricing) to a different one that's easier to use but will result in the same prices; this is nearly always a risk-neutral probability.  You can think of equivalent martingale  pricing as asking, ""how would this security behave, and be priced, in a world that is completely risk neutral"", and then making an argument that the prices are in fact equivalent.  EDIT: grammar"


**Poland, Maine**  Poland is a town in Androscoggin County, Maine, United States. The population was 5,376 at the 2010 census. Home to Range Ponds State Park, Poland is a historic resort area. It is included in both the Lewiston-Auburn, Maine metropolitan statistical area and the Lewiston-Auburn, Maine metropolitan New England city and town area.  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/business/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot)   ^] ^Downvote ^to ^remove ^| ^v0.26


If I knew a surefire way to make money in FOREX (or any market for that matter) I would not be sharing it with you.  If you find an indicator that makes sense to you and you think you can make money, use it.  For what it's worth, I think technical analysis is nonsense. If you're just now wading in to the FOREX markets because of the Brexit vote I suggest you set up a play-money account first.  The contracts and trades can be complicated, losses can be very large and you can lose big -- quickly. I suspect FOREX brokers have been laughing to the bank the last couple weeks with all the guppies jumping in to play with the sharks.


"How low you can reduce your costs does depend on your calling pattern.  How many minutes per month you call locally; call long distance; call internationally; and how many minutes you receive calls for.  If all these figures are low, you can be better off with a pay-per-minute service, if any of the outbound figures are high then you could consider a flat-rate ""unlimited"" service.  So that's the first step, determine your needs: don't pay for what you don't need. For example, I barely use a ""landline"" voip phone any more.  But it is still useful for incoming calls, and for 911 service.  So I use a prepaid pay-per-minute VOIP company, that has a flat rate (< $2/mo) for the incoming number, an add-on fee for the 911 service (80c/mo), and per-minute costs for outgoing calls (1c/min or less to US, Canada, western Europe).  I use my own Obitalk box (under $50 to buy).  There is a bit of setup and learning needed, but the end result means my ""landline"" bill is usually under $4/mo (no other taxes or fees). Companies in this BYOD (bring your own device) space in the US/Canada include (in alphabetic order), Anveo, Callcentric, Callwithus, Futurenine, Localphone, Voip.ms and many others.  A good discussion forum to learn more about them is the VOIP forum at DSLreports (although it can be a bit technical).  There is also a reviews section at that site. If your usage is higher (you make lots of calls to a variety of numbers), most of these companies, and others, have flat-rate bundles, probably similar to what you have now.  Comparing them depends on your usage pattern, so again that's the first thing to consider, then you know what to shop for.  If you need features like voicemail or voicemail transcription, be sure to look at whether you need an expensive bundle with it in, or whether you're better off paying for that seperately. If your outbound calls are to a limited number of numbers, such as relatives far away or internationally, consider getting a similar VOIP system for those relatives.  Most VOIP companies have free ""on network"" calls between their customers, regardless of the country they are in.  So your most common, and most lengthy calls, could be free. The Obitalk boxes (ATA's: analog telephone adapters) have an advantage here, if you install them in yours and relatives houses.  As well as allowing you to use any of the ""bring your own device"" VOIP companies like those listed above, they have their own Obitalk network allowing free calls between their boxes, and also to/from their iOS and Android apps.  There are other ATA's from other companies (Cisco have well-known models), and other ways to make free calls between them, so Obitalk isn't the only option.  I mentioned above I pay for the incoming number.  Not every supplier has incoming numbers available in every area, you need to check this.  Some can port-in (transfer in) your existing number, if you are attached to it, but not all can, so again check. You can also get incoming numbers in other areas or countries, that ring on your home line (without forwarding costs).  This means you can have a number near a cluster of relatives, who can call you with a local call.  Doesn't directly save you money (each number has a monthly fee) but could save you having to call them back!"


"I know its not legal to have open long and short position on specific security (on two stock exchanges - NSE/BSE) There is nothing illegal about it. There are prescribed ways on how this is addressed.  In Cash Segment / Intra Day trades:   One can short sell a security. If by end of day he does not buy the security; it goes into Auction. The said security is purchased on your behalf. Any profit or loss arising out of this is charged to you. Similarly one can buy a security; if one does not pay the amount by end of day; it would go into auction and sold. Any profit or loss arising out of this is charged to you. If you short sell a security on one exchange; you have to buy it on same exchange. If you buy on other exchange; it will not be adjusted against this short position. Also is it legal to have long position on stock and short its derivative (future/option)? There are no restrictions. Edit: @yety Party A shorts 10 shares of HDFC today in Intra-Day Cash Segment purchased by Party B. Rather than buying back 10 shares or allowing it to go into auction... Party A borrows 10 HDFC Shares from ""X"" via SLB for a period of say 6 months [1 month to 1 year]. This is recorded as Party A obligation to ""X"". These 10 borrowed shares are transferred to Party B. So Party ""X"" doesn't have any HDFC shares at this point in time. However in exchange, Party X receives fees for borrowing from Party A. If there is dividend, are declared, Company pays Party B. However SLB recovers identical amount from Party A and pays Party X. If there is 1:1 split, now party A owes Party X 20 HDFC Shares. On maturity [after 6 months], Party A has to buy these from market and given back the borrowed shares to Party X. If there are some other corporate actions, i.e. mergers / amalgamations ... the obligation of Party A to Party X is closed immediately and position settled. Of course there are provisions whereby party A can pay back the shares earlier or party X can ask for shares earlier and there are rules/trades/mechanisms to facilitate this."


...funds received for the month of death and later must be returned. If the estate is bankrupt, as near as I can tell, the SSA is out of luck. (This applies to payment apart from that covered above.) If you need advice on something other than retirement insurance, a comprehensive list of applicable statutes and rulings is here.


The chronically ill should be seeking out charities not insurance companes. Since companies are into making profit and paying thier employees. While someone who is already fucked is a hugely bad bet for a new client. I'ts nothing personal just the way things are. Your rights end where someone else's rights begin. Meaning you can't force other people to pay your way through life. As much as being able to breath is an achievement for some it does't entitle people to a free ride at someone else's expense.


NEVER combine the negotiations for trade-in of an old car and purchase of a new one (and/or financing), if you can avoid doing so. Dealers are very good at trading off one against the other to increase their total profit, and it's harder for you to walk away when you have to discard the whole thing. These are separate transactions, each of which can be done with other parties.  Treat them as such.


I believe the only thing you haven't mentioned to him is the possibility that his activity is criminally fraudulent. I would sit him down, and say something substantially similar to the following: We've talked about your investment before, and I know you believe it's fine.  I just want to make sure you understand that this is very likely fraudulent activity.  I know you believe in it, but you've said you don't understand how or why it works.  The problem with that is that if it is a fraud you can't protect yourself from criminal prosecution because you didn't understand what you were doing.  The prosecutor will ask you if you asked others to give you or the organization money, and then they will convict you based on trying to defraud others. It doesn't matter whether you did it on purpose, or just because you believed the people you are investing in. So I very strongly advise you to understand exactly what the system is, and how it works, and then make sure with a lawyer that it's legal.  If it is, then hey, you've learned something valuable.  But if it's not, then you will save yourself a whole lot of trouble and anguish down the road if you step away before someone you attract to the investment decides to talk to their accountant or lawyer.  A civil lawsuit may be bad, but if you're criminally prosecuted it will be so much worse. Now that I've said my piece, I won't talk to you about it anymore or bother you about it. I wish you luck, and hope that things work out fine. I wouldn't talk to the police or suggest that I'd do anything of that nature, without proof then there's no real way to start an investigation anyway, and unfortunately scams like this are incredibly hard to investigate, so the police often spend little to no time on them without a high level insider giving up evidence and associates. Chances are good nothing would happen to your friend - one day the organization will disappear and he won't recover any more money - but there's a distinct possibility that when that happens, the people below him will come for him, and he won't be able to look further up the chain for help. Perhaps the threat of illegal activity will be enough to prevent him from defrauding others, but if not I think at least you can let it go, and know that you've done everything for him that might work.


"Basically, the money you pay in student loan interest is tax deductible, which means as far as the IRS is concerned, you didn't make that money. However, what that saves you on your taxes is a percentage of a percentage; you save the amount of your current marginal rate on the money you paid as interest. Simple example with made-up numbers: Let's say you had a student loan outstanding, and you were making payments of $150 monthly on it. Total payments to said loan in one tax year would be $1800. Of that amount, let's for the sake of argument say that half, $900, was interest. You get your 1098-E with that number on it, and reduce your taxable income by that amount. You're currently doing well, not outstanding but OK, so you're in the 25% tax bracket that most single middle-classers are in. So, your reduction in taxable income of $900 saves you the 25% that those 900 simoleons would have been taxed at, which is $225. So, all told, this loan is a net drain on your disposable income of $1,575, of which $675 is pure cost of capital; you never received a dollar in disbursements to match this amount you're paying, so it's money lost now in return for previous gains. 10 years later, you pay off the debt. Now that $1800 is yours to keep, and to pay full  taxes on. You pay $225 more in taxes (actually, because of amortization, the amount of additional taxes has been steadily increasing as the interest portion of the loan payments has reduced) but have the remaining $1575 in your pocket to do something else. While there is good debt and bad debt, debt is debt; whether deductible or not, the IRS will never credit your tax bill in the amount of interest owed (AFAIK; if someone knows of a loan whose interest is a credit instead of a deduction I'm all ears). So, the deduction on this loan reduces your cost of capital to an effective APR of 4.5%, and because it's a student loan and not a mortgage, you don't have to itemize so this is in effect a ""free"" deduction (even with an FHA mortgage allowing me to deduct interest, property taxes and PMI, and the residual medical costs after insurance of having our new baby, the $11,900 standard deduction for my wife and I was still the better deal this year). But, you're still losing 4.5% per year to interest. That's your break-even; if the money you could use to pay your debt could earn a better return than 4.5%, then invest it, but if not, pay off the loan. Right now, investments that could make you 4.5% are at the bottom edge of a steep increase in risk and variance, so if your expected ROI is close, I'd lean toward paying off the debt."


Hah! I used to work at Ratzie's Pizza off of Route 1 and Knox. Is it still there do you know? I was only at U of M for 3 semesters. I lived in Easton Hall. I spent too much time going to raves in DC...hence, only staying at U of M for 3 semesters.


"One way to do these sorts of calculations is to use the spreadsheet version of IRS form 1040 available here.  This is provided by a private individual and is not an official IRS tool, but in practice it is usually accurate enough for these purposes.  You may have to spend some time figuring out where to enter the info.  However, if you enter your self-employment income on Schedule C, this spreadsheet will calculate the self-employment tax as well as the income tax.  An advantage is that it is the full 1040, so you can also select the standard deduction and the number of exemptions you are entitled to, enter ordinary W-2 income, even capital gains, etc. Of course you can also make use of other tax software to do this, but in my experience the ""Excel 1040"" is more convenient, as most websites and tax-prep software tend to be structured in a linear fashion and are more cumbersome to update in an ad-hoc way for purposes like tax estimation.  You can do whatever works for you, but I would recommend taking a look at the Excel 1040.  It is a surprisingly useful tool."


MICR fields are defined by their distance to the right edge of the check. The routing number is always the same distance from the right edge. Business checks are longer and have more room for auxiliary information on the left if the bank chooses to use it.


Has it happened that you bought tickets for a concert in three months and when the date comes a work trip prevents you or suddenly you did not find tickets at the box office, but would you be willing to pay a little more to get that longed ticket? Then comes here, a platform that is supposed to be a revolution in the way people bought and sold all kinds of Discount Online Tickets Houston, because beyond being another player in the field of exclusive events, it is a marketplace where everyone can offer and purchase the tickets you are looking for in any region of the world.


Not web-based, but both Moneydance and You Need A Budget allow this.


"I think that history shows that it's rarely necessary for violence to lead to social reform. There's always been a tug of war between the upper class and the middle/lower classes. The term ""working class"" was a way to unify middle and lower classes against the wealthy ""idle class."" Unfortunately the wealthy were able to convince many white collar middle class people that they were ""upper middle class"" and that the ""upper middle class"" shares values and goals with the elite. If you look at the numbers this couldn't be more wrong.  By any standard, I am a very fortunate person. I have a six figure income and some assets. However, the truly elite in the US enjoy household wealth and income that DWARF what I make. I pay a much higher percentage of my income to taxes than a person with inherited wealth does. Why is the system this way? It's effectively a barrier - no matter how hard we work or how well we do - we can't break through to the upper class. Instead of a meritocracy we have an aristocracy. This is the great lie at the center of American politics today.  The aristocrats have the many of the best and brightest convinced that we're part of the club when we're really not and never can be. They've turned us against the blue collar workers and the poor, when we should all be together. They've convinced many that people like the current administration trying to create more upward mobility are anti-american, when it's really the aristocracy that violates democratic values of equality and fraternity.  However - we can vote for leaders who might do better. We can peacefully assemble (think OWS). We can go on reddit and share our political and economic opinions. Because of these freedoms, we can safely say violence is a remote last resort.  Nothing is inevitable. Economic growth is really just people finding ways to interact and deliver value to one another. And - ""fortune favors the bold."" I'll stay optimistic and keep making money as well as trying to help my community. I'll bet dollars to donuts change can and will happen  just because enough people will get sick of the Romneys of the world hogging all the wealth and we'll find a political solution.  tl;dr Martin Luther King. Ghandi. Tunisia. We'll work it out like men- with our words."


"The bottom line is that you are kind of a terrible customer for them.   Granted you are far better than one that does not pay his bills, but you are (probably) in the tier right above that. Rewards cards are used to lure the unorganized into out of control interest rates and late payments.  These people are Capital One's, and others, best customers.  They have traded hundreds of dollars in interest payments for a couple of dollars in rewards.  The CC company says:  ""YUMMY""! You, on the other hand, cut into their ""meager"" profits from fees collected from your transactions.  Why should they help you make more money?  Why should they further cut into your profits? Response to comment: Given your comment I think the bottom line is a matter of perspective.  You seem like a logical, altruistic type person who probably seeks a win-win situation in business dealings.  This differs from CC companies they operate to seek one thing:  enslavement. BTW the ""terrible customer"" remark should be taken as a compliment.   After you get past the marketing lies you begin to see what reward programs and zero percent financing is all about.  How do most people end up with 21%+ interest rates?  They started with a zero percent balance loan, and was late for a payment. Reward cards work a bit differently.  Studies show that people tend to spend about 17% more when they use a reward card.  I've caught myself ordering an extra appetizer or beer and have subsequently stopped using a reward card for things I can make a decision at the time of purchase.  For people with tight budgets this leads to debt. My ""meager"" profits paragraph makes sense when you understand the onerous nature of CC companies.  They are not interested in earning 2% on purchases (charge 3% and give back 1%) for basically free money.  You rightly see this as what should be a win-win for all parties involved.  Thus the meager in quotation marks.  CC companies are willing to give back 1% and charge 3% if you then pay 15% or more on your balance. Some may disagree with me on the extracting nature of CC companies, but they are wrong.  I like him as an actor, but I don't believe Samuel Jackson's lines."


Lol this is a troll account if I've ever seen one. But to answer your question it's for my website, e-mail, business card, etc. I'm a voice actor and my studio needs to have a brand for tax purposes and booking jobs.


"I'd also look into index funds (eg Vanguard) as they have low management fees. you can buy these as ETFs as well - so you can buy in at a very low starting amount. An index fund can also be a talking point for your kids about what an industry index is and how it relates to the companies that fall into it. Also about how mutual funds try to ""beat the market"" - and often fail."


Rather than screwing around with foreign currencies, hop over to Germany and open an account at the first branch of Deutsche or Commerzbank you see. If the euro really does disintegrate, you want to have your money in the strongest country of the lot.  Edit: and what I meant to say is that if the euro implodes, you'll end up with deutschmarks, which, unlike the new IEP, will *not* need to devalue. (And in the meantime, you've still got euros, so you have no FX risk.)


I don't think that it's a good idea to have cash savings in different currencies, unless you know which will be the direction of the wind for that currency. You can suffer a lot of volatility and losses if you just convert your savings to another currency without knowing anything about which direction that pair will take. Today we can see Brexit, but this is a fact that has been discounted by the market, so the currencies are already adjusted to that fact, but we don't know what will happen in the future, maybe Trump will collapse the US economy, or some other economies in Asia will raise to gain more leadership. If you want to invest in an economy, I think that it's a best idea to invest on companies that are working in that country. This is a way of moving your money to other currencies, and at least you can see how is the company performing.


Therapists and counselors will last far, far longer than artists. Procedurally generated music and virtual designs are already becoming nearly as good as human created ones, and we’re barely scratching the surface of neural networked creativty.   The bottom line is humans are not special, and creativity is not some trait that *only* humans can have. If an AI can replace a doctor, a judge, a computer programmer, and a civil engineer, then it damn well can (and will) replace the artist making the IKEA prints you’re going to be buying on the art market.   Meanwhile, I’m pretty sure we can be in the year 3000, and people are still going to want to share their problems with someone, and rant to a fellow human being who will listen to their shit and nod thoughtfully and offer advice.


Your relative in the US could buy a pre-paid Visa (aka Visa gift card) and give you the numbers on that to pay.  They're available for purchase at many grocery/convenience stores.  In most (all??) cases there'll be a fee of a several dollars charged in addition to the face value of the card. The biggest headache I can think of would be that pre-paid cards are generally only available in $25/50/100 increments; unless the current SAT price matches one of the standard increments they'll have to buy the next card size up and then get the remaining money off it in a separate transaction.  A grocery store would be one of the easier places for your relative to do this because cashiers there are used to splitting transactions across multiple payment sources (something not true at most other types of business) due to regularly processing transactions partially paid for via welfare benefits.


If you want to invest in the Windows Phone, then you go and find out who makes the Windows Phone i.e. Microsoft. Then you go and decide if Windows Phone is successful will the share price of Microsoft go up (own research/deduction) and if you think that the price of Microsoft has a positive correlation with the Windows Phone, then you could buy shares of Microsoft. There is no way to invest directly in individual products on stock exchanges, you are generally investing in the companies that produce them. You find the ticker of a company by googling. NASDAQ: MSFT


I see what your point is, but I would argue that the barriers to enter the web market are almost non-existent. It doesn't take huge capital to create a great product. Check out the author's product at http://letsfreckle.com/. It's a perfect example that it doesn't take VC's to make a good product and viable business. Everything that you mentioned can and is being done by entrepreneurs without the help of VC money. By the way just because you have investors involved doesn't mean you'll create a commercially viable product either.  That being said some people will still opt for the VC route because you can't be the next groupon without VC money right? Without investors how would companies with no business model survive?


"I agree 100%.  I am a search engine marketer with a large focus on adwords.  I built my company which has $7mil of revenue a year in a little under 5 years using adwords as the backbone of my marketing.    I have helped out lots of friends with small adwords campaigns.  Here are a couple examples.  My dad is a high end furniture maker.  He sold to galleries for decades.  They would mark his stuff up 100%.  So a table that he sold to them for $2000 they would sell for $4000.  I got him a basic website done and started an adwords campaign which costed me about $100 a month.  After a year he was no longer selling to galleries.  He was charging full retail for his work.  That started 5 years ago.  He was able to weather this financial crisis when other artists were closing up shop, all because of adwords.  I have a friend who is a fisherman.  He would sell most of his fish to a wholesale buyer for a low price then take what he thought he could sell retail down to the pier to sell to locals.  I got him a website with a call to action which said ""sign up to receive alerts when the fresh fish is coming in"".  I started an adwords campaign and ran it to only show ads to people near the pier.  I spent about $10 a month.  Over the course of two years he built a customer list of over 200 people who get an email every time he is coming in and they call and place orders.  Now he knows how much he can sell retail (and that's a whole lot more than  he did before).  Both of these examples were game changers for these people and all done with minimal adwords expense.  One thing you should do is do a google search from your house (should be in the area your dad wants to service) and search for ""plumber in [your location]"".  Take a look at ads on the search engine results page.  If you see lots of them for plumbers in your area then there will be competition and its a bit of a tougher road (but totally doable).  If you don't see many ads then you are in luck and you will own it.  I started with this book:  http://www.amazon.com/Ultimate-Guide-Google-AdWords-Million/dp/1599180308  It changed my life.  Once I because an adwords expert I felt I could do anything and I haven't been proven wrong.  Good luck.  If you need any help let me know."


Silver is a commodity. It's valuable for certain kinds of manufacturing, jewelry, and as a speculative financial instrument or hedge against the dollar. The S&P 500 includes companies which make money off of mining, manufacturing, medicine, media, technology, banking, dining, agriculture... There's a lot more variety there.


I mean I guess I don't really know since I never looked into it. Unless the primary language is English, I feel like it would be tough. The Asian students I knew in school that don't have great English often don't make it. Not even just the class, but not being able to integrate with anyone except other Asian students.


The liquidity is quite bad. I have seen open Intrest drop from thousands to zero.  Theta and the lack of liquidity are strong reasons not to buy options. Instead, consider selling them.  They say that most Option purchases expire worthless. Why is this so? Because hedge funds buy those out-of-the-money puts in case their position goes against them (like insurance).  Make money selling insurance. No one makes money buying insurance.


We are very particular about time and care about yours as well. All you need to do is make an appointment with us and we will take care of everything else. Expect best quality and prompt service, only from us at Simply Spotless.  http://www.simplyspotless.com.au/


I think you are asking a few questions here. Why is gold chosen as money? In a free market there are five characteristics of a good money: Gold and silver meet all five characteristics.  Diamonds are not easily divisible which is why they are not normally used as money.  Copper, Iron, and lead are not scarce enough - you would need a lot of these metals to make weekly or daily purchases.  Paper is also way too plentiful to be used as money. By the way, historically silver has been used for money more than gold. How does international trade work with gold as money (is this what you are asking with your hypothetical example of 10 countries each with y amount of gold?) Typically a government will issue a currency that is backed by gold.  This means you can redeem your currency for actual gold.  Then when an American spends 5 US dollars (USD) to purchase a Chinese good the Chinese man now owns 5 USDs.  The Chinese man can either redeem the 5 USD for gold or spend the 5 USD in the US.  If a government issues more currency then they have gold for then the gold will start to flow from that country to other countries as the citizens of the other countries redeem the over-issued currency for gold.  This outflow of gold restricts governments from over-issuing paper currency. Who creates the procedures and who supervises them in modern worldwide economy? The Federal Reserve, IMF, and Bank of International Settlements all are involved in the current system where the US dollar (see Bretton Woods agreement) is the reserve currency used by central banks throughout the world.  Some think this system is coming to an end.  I tend to agree.


How to send the full loan amount from Saudi Arabia (money exchange), because I have a money transfer limit? There is no limit for sending money into India. Just use the right banking channel and transfer the funds. If I sent to India, what about tax and all that in India? In a financial year if you are outside of India for more than 182 days, you are Non-Resident for tax purposes. Any money you earn outside of India is tax free in India. i.e. there is no tax for this funds in India.   If it is possible to send the money, to whom do I have to send it (my account, or my parents account) Whatever is convenient, preferably to your own NRE/NRO account. Any documents I have to show for tax issues (in case tax) You have to establish that you are NRI and hence this funds are not taxable. Hence its best you transfer into NRE/NRO account. If you transfer to your parents account, you would need a gift deed to make this non-taxable to your parents. I have savings account my self in Axis Bank, for the past 3 years I am paying taxes, if I send to my Axis Bank account how can I withdraw the full amount (10 lakhs (1,000,000)) on single day   Withdrawal is possible by cash or cheque You can write a check, do a NEFT/RTGS transfer to your loan account, you can withdraw cash by giving some notice time to the Branch Manager of your Branch.


I don't know if I would go so far as to hire an accountant. None of those things you listed really complicates your taxes all that much. If you were self-employed, started a business, got a big inheritance, or are claiming unusually large deductions, etc. then maybe. The only thing new from your post seems to be the house and a raise. The 3rd kid doesn't substantially change things on your taxes from the 2nd. I'd suggest just using tax preparation software, or if you are especially nervous a tax-preparation service. An accountant just seems like overkill for an individual.


If you're really price-sensitive, consider carrying cash in your wallet whenever your brother (or you) comes home to your own country. Besides saving money, this should teach your younger brother to plan well and manage his living costs or otherwise he'll starve. Let's say that a month's living cost is $1500 which includes housing, food, transportation, and the occasional splurging[1]. If your brother's school is in a per-semester basis, chances are he'll visit your home country at about twice a year. That will be $1500 * 6 months = $9000. You can still carry that amount of money in your wallet (that's 90 sheets in $100 bills, which should fit in larger wallets) provided that you're careful. If you or your brother don't go home regularly at least once a year, the 3% transfer fee isn't that big. Let's say that the total amount that you transfer is $18K (for a year's living cost, $1500 * 12 months), the fee for that will be $540 ($18000 * 0.03), which I'll bet is far less than a return airfare from the US to India/China/UAE. [1] I'm living on my own in Singapore right now, and my monthly expenses rarely exceeds S$1500/month, so I'm assuming that in the states that would be USD 1500. You can get a projection for that number yourself.


"Standard deviation from Wikipedia : In statistics and probability theory, the standard deviation   (represented by the Greek letter sigma, σ) shows how much variation or   dispersion from the average exists.1 A low standard deviation   indicates that the data points tend to be very close to the mean (also   called expected value); a high standard deviation indicates that the   data points are spread out over a large range of values. In the case of stock returns, a lower value would indicate less volatility while a higher value would mean more volatility, which could be interpreted as high much change does the stock's price go through over time. Mean would be interpreted as if all the figures had to be the same, what would they be? So if a stock returns 10% each year for 3 years in a row, then 10% would be the mean or average return. Now, it is worth noting that there are more than a few calculations that may be done to derive a mean. First, there is the straight forward sum and division by the number of elements idea. For example, if the returns by year were 0%, 10%, and 20% then one may take the sum of 30% and divide by 3 to get a simple mean of 10%. However, some people would rather look at a Compound Annual Growth Rate which in this case would mean multiplying the returns together so 1*(1+.1)*(1+.2)=1.1*1.2=1.32 or 32% since there is some compounding here. Now, instead of dividing a cubic root is taken to get approximately 9.7% average annual return that is a bit lower yet if you compound it over 3 years it will get up to 32% as 10% compounded over 3 years would be 33.1% as (1.1)^3=1.331. Sharpe Ratio from Investopedia: A ratio developed by Nobel laureate William F. Sharpe to measure   risk-adjusted performance. The Sharpe ratio is calculated by   subtracting the risk-free rate - such as that of the 10-year U.S.   Treasury bond - from the rate of return for a portfolio and dividing   the result by the standard deviation of the portfolio returns. Thus, this is a way to think about given the volatility how much better did the portfolio do than the 10 year bond. R-squared, Alpha and Beta: These are all around the idea of ""linear regression"" modelling. The idea is to take some standard like say the ""S & P 500"" in the case of US stocks and see how well does the portfolio follow this and what if one were to use a linear model are the multipliers and addition components to it. R-squared can be thought of it as a measure as to how good is the fit on a scale of 0 to 1. An S & P 500 index fund may well have an R-squared of 1.00 or 0.99 to the index as it will track it extremely closely while other investments may not follow that well at all. Part of modern portfolio theory would be to have asset classes that move independently of each other and thus would have a lower R-squared so that the movement of the index doesn't indicate how an investment will do. Now, as for alpha and beta, do you remember the formula for a line in slope-intercept form, where y is the portfolio's return and x is the index's return: y=mx+b In this situation m is beta which is the multiple of the return, and b is the alpha or how much additional return one gets without the multiple. Going back to an index fund example, m will be near 1 and b will be near 0 and there isn't anything being done and so the portfolio's return computed based on the index's return is simply y=x. Other mutual funds may try to have a high alpha as this is seen as the risk-free return as there isn't the ups and downs of the market here. Other mutual funds may go for a high beta so that there is volatility for investors to handle."


Yeah any tax cut plan is going to help the rich. Derp. That's not a bad thing lol. Really the rich need to pay less, the middle class needs to pay less, and the poor need to pay in a little instead of none and or getting tax refunds yet paying no taxes (income tax I mean).   I'm a flat tax guy myself, with no loopholes. But that's a pipe dream :(.


Real basic bond question: When a future on Gov bonds get tendered, a physical bond is delivered. Since 'bonds' are generally in denoms of $100, does the physical delivery always have to be in sets of 100, ie there can't be partial delivery of bonds?


(Six years later...) I've used CheckFree for over 20 years, and my uncle started using it back in the early 1980s through a 300 baud modem.  It has e-bills, EDI bills that you schedule yourself, and will also mail checks to people and small businesses. You can make your payments from an unlimited number of banks, can schedule multiple recurring payments for the same bill (I find that useful for when buying large/expensive items by CC: I create a different payment schedule for each), plus ad hoc payments.


The IRS has a calculator for this purpose.


Leadership training can transform your personality, mindset and ability in a progressive manner. Training with Mitesh Khatri can surely help you display your leadership skill with flair and confidence. In short, the whole process can make you able enough to take the risky decisions with the positive attitude, thereby to help you deliver productivity. https://www.miteshkhatri.com/the-art-of-appreciation/


"Its is considered a ""hobby"" income, and you should be reporting it on the 1040 as taxable income. The expenses (what you pay) are hobby expenses, and you report them on Schedule A (if you itemize). You can only deduct the hobby expenses to the extent of your hobby income, and they're subject to the 2% AGI threshold."


"> the park is so much smaller than its competitors  Out of curiosity, what are you referring to when you say ""its competitors""?  I don't really see any direct competitors for SeaWorld.  What I do see is a dying idea that no longer draws the amount of entertainment dollars it used to.    Especially with the end of the Orca shows, there's little point."


> but most recognize that money can't buy happiness.  The acquisition of money is quite exhilarating though. People don't easily part with it, so it feels like you're doing something pretty awesome every time new money flows your way.  Money is like a drug. That feeling quickly fades, leaving you wanting more. I imagine that's why people who have all the money they could ever possibly spend still seek more.


With new cars it's usually the other way around: finance at a low APR or get cash back when you buy it outright. With used cars you usually don't know how much they have invested in the car, so it's more difficult to know how low they're willing to go. Regardless, I do think it's odd that they would knock 2K off the price if you finance with them, but not if you pay cash. The only reason they would do that is if they intend to make at least 2K in interest over the life of the loan, but they have no way of guaranteeing you won't refi. Therefore, I suspect they are bluffing and would probably close the deal if you wrote them a check (or put the cash on the table) for 2K less. However, if they won't budge and will only knock off 2K if you finance, you could finance and pay it off in full a week later. Just make sure they don't have any hidden origination fees or pay-off-early fees.


"**Corporatism**  Corporatism, also known as corporativism, is the sociopolitical organization of a society by major interest groups, known as corporate groups, such as agricultural, business, ethnic, labour, military, patronage, or scientific affiliations, on the basis of their common interests. It is theoretically based on the interpretation of a community as an organic body. The term corporatism is based on the Latin root word corpus (plural corpora) meaning ""body"".  In 1881, Pope Leo XIII commissioned theologians and social thinkers to study corporatism and provide a definition for it.  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/economy/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot)   ^] ^Downvote ^to ^remove ^| ^v0.24"


"Way to dredge the [very bottom of the argument hierarchy man.](https://commons.m.wikimedia.org/wiki/File:Graham%27s_Hierarchy_of_Disagreement.svg)  You're not making a compelling case for your point. If you believe entrepreurship or freelancing is the only way to achieve ""the American Dream"" then it seems youre intentionally and internally (to yourself) changing the definition of ""the American Dream"" to suit you."


Your long-term saving targets will include retirement, kids' college, house, etc. Medium-term might be your college, or a car. Short-term might be a vacation somewhere or a new laptop. In all cases saving, then spending money you do have is better than spending money you don't have. I think that's the first takeaway of this truism. However, I also believe 10% is said as a retirement target. Retirement is very important and this advice is stressed by many financial planners because it's very easy to underestimate how expensive it is. By the same token, it's recommended that you spend 2 months' salary on an engagement ring, and that particular truism can be traced back to a DeBeers ad. I personally don't know whether 10% as a retirement target is sage - it sounds right but I haven't followed it for a variety of reasons. Please corroborate against multiple sources and apply to your own financial person.


"The way the post is worded, coca cola wouldn't count towards either, although it's not entirely clear. If the dividends are considered under capital gains (which isn't technically an appropriate term) he's earning only 500Million a year from his stake in coca cola. If he sold his shares, he'd receive capital gains of ~15Billion, which would probably outpace his operations business.   The best graph would probably be something like ""net worth of operations vs net worth of equity in other companies"""