Went to UCSB and graduated in 2011. It's a good school, but if you are in economics (was business economics, but recently changed) you are severely under prepared for finance. Like slfk... said you really need the internships/experience with excel to be functional in the industry.  In my interviews (analyst level) it was my internship in a completely different industry that I worked while in my final quarter at UCSB that set myself apart. One of the things I did there ended up being very similar to a key aspect of what they do. I had just internship experience, no job prior and was chosen over people with 2-3 years of experience.  That being said having an internship that is just for the resume will not help you. You need to try to make sure the internship isn't a paper pushing one and that they are truly giving you work that will advance your skills/ something you are interested in. It will also help you in the interview process if you like what you do because it will flow more naturally than if you are making stuff up on the spot.  Lastly, I want to emphasize NETWORK. This is the most important thing you can do. You need to take any advantage you have and run with it. If you exhausted all avenues through networking, try to speak with someone. This will give you a better shot than submitting a bunch of applications online.   You are still early on in school and it's good you are being proactive, but make sure junior year to try and line something up or do a lot of independent work with excel. They can teach you a lot of the other stuff, but don't want to have to hassle with teaching the basics.


"From a financial point of view: If your savings are 'free' (you don't expect to need it in the near future): pay off the loan completely. You say you feel a little hesitant, and this I understand. ""What if you unexpectedly do need that cash in the near future?""  A simple solution is to pay off the loan in 4 or 6 steps, say each other month. This way you mitigate the risk of regret."


FBAR should be filed if total balance of all your foreign accounts is more than $10000 any time during the year (even if only for one day). My TurboTax handled that well last year, including filling the FBAR for me. Shouldn't be an issue, just don't forget to file it (not with your IRS package, it goes to a different place), if you need to. On the tax forms (1040 Schedule B, Part III) you should check a checkbox that you have a foreign bank account.


Your best bet is probably to limit the amount of money in the account. If there is never more in there than he would normally spend in a month, that limits the losses. I am curious why he writes cheques. Most people I know write only a few a year. Simply having another person hold the chequebook for him, and bring it to him when it's needed, wouldn't be a big deal for the people I know. Say he pays bills twice a month and needs it then, fine, but why does he need it when he's just going for a walk? But if this would be an argument then just move most of the money into an account he can't write cheques against, and put each month's expenses into the chequing account each month.


"One thing that's often overlooked is that cash reserves are also a long-term investment.  Anything can be a long-term investment if it's expected to appreciate or pay interest/dividends.  So it's not either/or.  Stocks are but one way to do long-term investments. Having said that, taking on less debt for a consumer good is never a bad idea.  Your primary residence is a consumer good, regardless of those who would say that ""your home is your biggest investment.""  So, there's my vote for a larger down-payment. Beyond that, a couple of outside-the-box comments:"


I would not pay for anything on LinkedIn. I have read that once you give them your credit card, it is VERY hard to unsubscribe. Read the reviews about that online. They are not good.  I believe in LinkedIn and feel you can benefit a lot from it. If you don't have a profile you are limiting yourself because all employers are searching prospective employees online and the more positive info about you out there, the better. You control what is on LI.


> “Any time you split a portfolio up — whether it be a credit portfolio or a trading book portfolio — you lose the benefits of diversification that allow you to reduce the capital you hold against it,” said Mr Austen. >   Just to amplify this a little. Banks like diversification but you can only diversify within a reporting entity. At the moment, most banks have a single EU wide reporting entity so thay are free to combine trade and credit exposures. With a mandated split, they will be forced to split the pot between the UK and the EU entities as each must look healthy.


Whether to employ a payroll service to handle the taxes (and possibly the payroll itself) is a matter that depends on how savvy you are with respect to your own taxes and with using computers in general. If you are comfortable using programs such as Excel, or Quicken, or TurboTax, or TaxAct etc, then taking care of payroll taxes on a nanny's wages all by yourself is not too hard.  If you take a shoebox full of receipts and paystubs to your accountant each April to prepare your personal income tax returns and sign whatever the accountant puts in front of you as your tax return, then you do need to hire a payroll service. It will also cost you a bundle since there are no economies of scale to help you; there is only one employee to be paid.


I would say, does the tv work?  Will I get it at a discount?  Sure, I will take it.    You are trying to assign human emotions to an animal that simply does not have them.   If you were to beat me, sure it would be mean, however, I am a human being, capable of thoughts and emotions that the turkey simply cannot.  More to the point, the turkey is only brought into this world for a singular purpose.  To be eaten.  To be killed and eaten.    Do you not eat turkey?  Do you not eat beef?  If you did neither, then your argument might sway me, but as the majority of folks do both, how that the same person that enjoys a turkey dinner, then say, oh, you have to be nice to that turkey, before you kill it, I stuff it, and then eat it?    It just does not make any logical sense to me.


The store near me really sucks. I'll admit I haven't been to many other Best Buys in a few years as it's not really the area of retail real estate I've been involved in, but the two in my area are always a disaster. I've had Dynex cables fail three times on me when they're basically plugged in once and and never moved, and the stores near me never have any cheap phone cables in stock, only 2/20 and it's the exorbitantly expensive 3rd party ones that nobody wants. It's not a slight against you but all of the major big box retailers are like this. Walmart, Target, Best Buy, Fry's Electronics (great deals but the worst customer service) etc


"I've looked around for a while and found one at Broadway Federal Bank. I opened one up last year and will most likely be renewing it if the rates stay fairly competitive. Here are the features: I think it's a great alternative to a savings account because the ability to withdraw at any time defeats the purpose of ""saving"". By getting penalized to withdraw with this CD, you are discouraged from withdrawing and hence, actually save. The biggest downside is that they are a fairly small community bank and only have branches in Los Angeles. They also only have three branches in total and do not have ATM's that you can make deposits into aside from the ones outside of their branches.However, you can open an account online and and make electronic deposits. Hope this helps.I included their website below. www.broadwayfederalbank.com"


This is called a fraudulent conveyance because its purpose is to prevent a creditor from getting repaid. It is subject to claw back under US law, which is a fancy way of saying that your friend will have to pay the bank back. Most jurisdictions have similar laws. It is probably a crime as well, but that varies by jurisdiction.


While quality links sometimes come through those sources they're usually just reformatted content that will get posted from other sources.  Without heavy handed actions Reddit would become nothing but a portal for a handful of popular websites that just exploit the system for page views.


She can find a landlord that doesn't do credit checks.  Maybe on Craigslist?  She may end up paying more, have a bigger security deposit, etc. She can get someone else (not you) to sit her down and explain to her frankly that she's messing things up for herself and her children by being a poor manager of her finances.  As her credit score improves, more opportunities will open up for her. Co-signing the loan is an option, but I do think you're wise not to do that.


On average, you should be saving at least 10-15% of your income in order to be financially secure when you retire.  Different people will tell you different things, but really this can be split between short term savings (cash), long term savings (401ks, IRAs, stocks & bonds), and paying down debt. That $5k is a good start on an emergency fund, but you probably want a little more.  As justkt said, 6 months' worth is what you want to aim for.  Put this in a Money Market account, where you'll earn a little more interest but won't be penalized from withdrawing it when its needed (you may have to live off it, after all). Beyond that, I would split things up; if possible, have payroll deductions going to a broker (sharebuilder is a good one to start with if you can't spare much change), as well as an IRA at a bank. Set up a separate checking account just for rent and utilities, put a month's worth of cash in there, and have another payroll deduction that covers your living expenses + maybe 5% put in there automatically.  Then, set up automatic bill payments, so you don't even have to think about it.  Check it once a month to make sure there aren't any surprises. Pay off your credit cards every month.  These are, by far, the most expensive forms of credit that most people have.  You shouldn't be financing large purchases with them (you'll get better rates by taking a personal loan from a bank). Set specific goals for savings, and set up automatic payroll deductions to work towards them.  Especially for buying a house; most responsible lenders will ask for 20% down.  In today's market, that means you need to write a check for $40k or $50k.  While it's tempting to finance up to 100% of the property value, it's also risky considering how volatile markets can be.  You don't want to end up owing more on the property than it's worth two years down the road. If you find yourself at the end of the month with an extra $50 or so, consider your savings goals or your current debt instead of blowing it on a toy.  Especially if you have long term debt (high balance credit cards, vehicle or property loans), applying that money directly to principal can save you months (or years) paying it back, and hundreds or thousands of dollars of interest (all depending on the details of the loan, of course). Above all, have fun with it :)  Think of your personal net worth as you do your Gamer score on the XBox, and look for ways to maximize it with a minimum of effort or investment on your part!  Investing in yourself and your future can be incredibly rewarding emotionally :)


I like the answer given by mikeazo. If paid in cash would you immediately buy the stock of the company? We all want to be the next Steve Jobs (or Woz), but the truth is that a Jobs comes along only once in a lifetime and chances are that you are not him.  We have seen this kind of question here before. Search the site for the answers given previously.


>An Executive Director is appointed by the Board of Commissioners to deal with day-to-day operations and to execute the Port Authority's policies. In May 2008, Christopher O. Ward became the Executive Director of the Port Authority, after being **nominated** by New York Governor David Paterson.[25]  The Board appoints the Executive Director. The boards are appointed by the governors. And Chris Christie is a Republican.


Dividends. There are blue chip companies that have paid and raised their dividends for 20 or more years. As an example: Altria (MO). There are also ETFs that specialize in such stocks such as SDY.


"You need one ""company file"" for each company that you want to track through QuickBooks.  Looks like, in your case, that is at least the PM and the PH (as you labeled them in your question).  The companies that just hold property and pay utilities might be simple enough that you don't need the full power of QB, in which case you might just track their finances on a spread sheet.  Subsidiary companies will probably appear as ""assets"" of some sort on the books of the parent company. This set-up probably does limit liability at some level, but it's going to create a lot of overhead for your that incurs some expense either in your time or in actual fees paid.  You should really consider whether the limitations on liability balance against those costs. (Think ahead to what you're going to do when you have to file taxes on this network of companies, whether you need separate insurance policies for each instead of getting one policy covering multiple properties, etc.)"


Even if you avoid the issue of the auto dealer wanting to limit the abuse of their policy, you have to realize that the discount they give is 25% off of some stated price. It might be 25% off the sticker. They don't want to lose money, the 25% represents the haggling they avoid by selling to the employee. This means the discount might not be as large as you imagine, because you wouldn't have paid sticker if you had purchased the vehicle on your own. The other issue you will have to deal with is taxes and registration. When your friend drives the car off the lot, the car will have to be registered with the state. Then they will have to sell the car to you, and that transaction will have to be done though the state, for a price. Then you will sell it to somebody else. These transaction fees will cut into your profits.  It is likely that when the potential purchaser runs a VIN check through a service it will show multiple owners, which can cut the estimated resale value. The manufacturer will also have to be notified so that all the relevant warranty coverage is still intact.  The question is for that final sale: can you offer enough discount compared to the new car dealer? and still make enough profit to be worth the hassle?


You're not going to be an assistant to his financial matters, more like an Executive Assistant (look up this position). You'll be responsible for his scheduling, booking flights, getting lunch, doing general administrative stuff, etc...   You just need to be social, organized, meticulous, and very detail oriented.


My shocking suggestion would be to not bandwagon onto knee jerk first idea that popped into the op's head actions. Instead... Why not put the most knowlageable people on the issue, give them time to make a proposal. I am thinking quants and the folks that know the issues inside and out.   Drives me up a wall that we have phds serving coffee and we still try and fix complex issues by racing to blurt out the first and loudest brainfart.   Anyway, my brainfart might be not a tax. A randomized  time delay based on typical trade execution might work. Small enough to be unnoticed by distant traders but enough to level the playing field.   But again I would rather the answer didnt come from idiots such as myself and the op. I think the exchanges have some motivation to adress the issues. I hope they put the smartest folks available on it


"What decision? Like what's a decision are you pointing to? All you are saying is generalities and not.helpful to understanding where GE went wrong. It's just the usual ""the execs are to blame""  > every relevant decision in the business falls on an executive whether they take it directly or not.   Are you saying that the individual workers decisions are the reason the individual workers are being laid off?"


So does Japan's.  Japan Post is a bank as well as a post office.  Which is something that would be a big boost to low income people who may have difficulty opening bank accounts.  USPS bank accounts could be a kind of default for people to choose where their paychecks are deposited, allowing people to avoid those awful, awful check cashing sharks.  Of course, the check cashing sharks have plenty of money to lobby against this, so it won't happen anytime soon.


> it all comes back to food/farming  was reading the WSJ this morning, interview with COO of Monsanto and the subject was food / GM seeds versus conventional.  he noted...  take an apple, cut it into 36 equal pieces.  one piece represents all food production labor/capital.  the skin of that piece = all the top soil in the world  BTW, that COO is a farmer's son who started as a salesman in the company


Regarding investing in gold vs. stocks, I don't think I could say it better than Warren Buffett: You could take all the gold that's   ever been mined, and it would fill a   cube 67 feet in each direction. For   what that's worth at current gold   prices, you could buy all -- not some   -- all of the farmland in the United States. Plus, you could buy 10 Exxon   Mobils, plus have $1 trillion of   walking-around money. Or you could   have a big cube of metal. Which would   you take? Which is going to produce   more value?


We are passionate about people and making a positive change in the lives of our members through our Matchmaking Service. If you're single, relationship oriented and searching for someone likeminded, then you're at the right place. MatchVIP has the largest active database of Gauteng singles and has been operational in Pretoria andJohannesburg since 2009. Some advantages of making use of our professional dating service:


"I once was praised by a manager during my review for using the word  ""proactive"" on my resume. That was back in the nineties. How little has changed.   This is the same manager who admitted to me and half a dozen other employees under his wing that the only reason he was a manager was because of his ass-kissing ability. And it didn't bother him one bit. We were dumbstruck.  So, ridiculous as these cliches may seem to people who like to make sense, in the business world it holds some truth."


While this question Can I get a rebate after using my HSA? mentions Health savings account the answer is still applicable. Go to the website for the plan administrator. They will either have a form to put the money back into the account, or they will have a contact number. In the past when I had an FSA I did this.  In one case I remember the doctor told us the bill would be X, but when they submitted the claim to the insurance the final bill was less than X so the doctor's office sent us the extra back. I was able to return the money back to the FSA administrator following their procedure.  Your situation is not unusual, accidental transactions happen all the time.


It is not ! Of course you can transfer your monies to your account in another country.  Its a different story if you were doing it for someone else and if the the money was not legitimate - then it would shade off into money laundering.


"Yeah go ahead and try and back your claim up with a source. You aren't going to find anything to support your position, meanwhile nearly every review of who pays and who receives government assistance shows most of the south as a giant money sink.  Judging by the fact that you have negative comment karma and use such comments as ""beta cuck"" im going to assume you are legally retarded and likely require special assistance to stay alive."


"nicodiangelo16.blogspot.com — Tired of falling for business opportunities and franchises that don't live up to their promises? Try our revealing reviews - unique forensic analyses that expose the good, the bad and the ugly This site is financed by you, instead of by biz opp ads and commission links You pay us to be unbiased - so we are ""It's the only unbiased info on the market that I've come across.""Carl, Business Opportunity Watch member since 2005 Review of SHARON FUSSELL SOLD DISPATCH NOW GOLD Make money selling books on Amazon Canonbury Publishing Sharon Fussell Sold Dispatch Now Gold Review extract from: August 2009 BUSINESS OPPORTUNITY WATCH Issue No. 30 Buy the Sharon Fussell Sold Dispatch Now Gold Review for £3 or Members Only Area - Free Trial - Read All Reviews Extract from review of Sold Dispatch Now Sharon Fussell: Sharon Fussell says that her Sold Dispatch Now Gold business ""is as simple as buying books for pennies from easy-to-find sources - and then reselling them on for huge profits"". She says you can make £200 to £300 every week with Sold Dispatch Now Gold and ""you can set it up in just 10 minutes!"", it's not hard work and you don't need computer experience. You don't need a lot of books either - according to Sharon Fussell, a stock of 500-600 books means that you can sell 25 per week and make £6,000 a year. You just buy the books from easy-to-find sources (she tells you how) and list them for sale on Amazon. Sharon Fussell has been following the Sold Dispatch Now Gold system for three years and she now has a turnover of £26,741 a year. She's given up her old day job. The Sold Dispatch Now Gold manual costs £77 and it does come with a CD Rom demonstration of how Sharon Fussell operates her business and it includes her email support and a 28-day no-quibble money back guarantee. Is it really that easy to make £200 to £300 a week? We sent the company a number of questions ........ (review continues) Discover the truth about Sharon Fussell's Sold Dispatch Now."


Is it a bank account or something? If so, talk to yor bank. Usually they could give you your money back, as long as you have proof that you have been hacked. Otherwise, ring their after hours number so that they could cancel/lock all your accounts. Hope that helps.


"This is the best tl;dr I could make, [original](http://www.marketwatch.com/story/this-is-what-freaks-american-workers-out-the-most-about-robots-2017-10-04) reduced by 83%. (I'm a bot) ***** > Most Americans expect these advancements to have a negative impact on both the workforce and the U.S. economy, according to a new survey of more than 4,100 people in the U.S. released Wednesday by the Pew Research Center, a think tank in Washington, D.C. Perhaps surprisingly, ome 67% of people are worried rather than enthusiastic about algorithms evaluating and choosing job candidates.  > 72% of Americans are worried about robots replacing human jobs - more than double the share that is enthusiastic.  > The better a job pays, the less likely it is to be replaced by automation: There&#039;s an 83% chance that automation will replace a job that pays $20 an hour or less, a White House report released last year concluded.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/74br2c/american_job_hunters_are_now_worried_that_robots/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~222193 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **job**^#1 **robot**^#2 **human**^#3 **automation**^#4 **replace**^#5"


"Well, they don't ""make"" money in the sense of income, but they receive money in exchange for shares of stock (more of the company is owned by the public).  The Warrant entitles the holder to purchase stock directly from the company at a fixed price.  It is very much like an open-market call option, but instead of the option holder buying stock from a third party (which does not affect the company at all), the holder buys it directly from the company, increasing the number of shares outstanding, and the proceeds go directly to the company. If the holders do not exercise the warrants, the company does not receive any cash, but they also don't issue any new shares."


It's been particularly low the past couple months though... and I'm talking futures a couple months out too.  5 years is about the cycle length for significant VIX change too.  I do believe though that the prominence of algo trading and other high speed trading has made prices less volatile though.  But at this level and, more importantly, with so many people short VIX: it's a bit worrisome here.


"Firstly ""Most option traders don't want to actually buy or sell the underlying stock."" THIS IS COMPLETELY UTTERLY FALSE Perhaps the problem is that you are only familiar with the BUY side of options trading. On the sell side of options trading, an options desk engages in DELTA HEDGING. When we sell an option to a client. We will also buy an appropriate amount of underlying to match the delta position of the option. During the life time of the option. We will readjust our hedge position whenever the delta changes (those who follow Black Scholes will know that normally that comes from (underlying) price changes). However, we lose money on each underlying change (we have to cross the bid-ask spread for each trade). That is why we lose money when there is volatility. That is why we are said to be ""short VEGA"" or ""short volatility"". So one way to think about ""buying"" options, is that you are paying someone to execute a specific trading strategy. In general, those who sell options, are also happy to buy options back (at a discount of course, so we make a profit). But when doing so, we need to unroll our hedging position, and that again incurs a cost (to us, the bank). Finally. Since this is ""money"" stackexchange rather than finance. You are most likely referring to ""warrants"" rather than ""options"", which are listed on stock exchanges. The exchange in most regions give us very specific and restrictive regulations that we must abide by. One very common one is that we MUST always list a price which we are willing to buy the warrants back at (which may not be an unreasonable spread from the sell price). Since an Option is a synthetically created investment instrument, when we buy back the Option from the investor, we simply unwind the underlying hedging positions that we booked to synthesize the Options with. Source: I've worked 2 years on a warrant desk, as a desk developer."


Excelsior motorcycle is the best two wheeler in the world. We provide all the motorcycle spare parts repair and maintenance services.  Our organization provides the great offer the Excelsior motorcycle spare parts. Therefore, we sell the online motorcycle spare parts. Excelsior took advantage of the popularity of the racing clubs and put competitions riders on the payroll. If you need any information on this motorcycle, then please get in touch with him on the website.


Smaller markets can actually be more volatile so it's not a good idea to lower Graham's criteria for them. The only real adjustment possible is inflation adjustment. $100 million in 1973 United States works out to $500 million today based on the difference in CPI/Inflation from 1973. This number will be different for other markets where the rate of inflation since 1973 has been different. So the real question to ask is - what is to $100 million in the United States in 1973 worth today in your market? Source: http://www.serenitystocks.com/how-build-complete-benjamin-graham-portfolio


GlobalTradeConnect is the first leading trade network company in the world, which brought together over million businesses to increase the levels and quality of trade. We are the uniqueB2B marketplace for ISO certified companies. There are many manufacturers and sellers are attracted to a business to business marketplace because of our website they might offer their product and services.Buyer is already looking for new products, we hope all our registered sellers will make more customer through our company website.


>Please. There's virtually no place you can't hide a private key..... virtual or otherwise.  I'm pretty sure that's exactly what I said didn't matter... the reach of the law extends to your person and tangible property. Your home, possessions, misc assets and most of all *you* can be hauled off. At least though, through it all you can draw comfort from knowing your private key is safe. Or something.


"There are two ways that ""joint"" accounts work in most US states... an authorized user or a joint tenant. For banks with older online systems, the first named user controls the online account. My wife and I have an account with a bank like this, and we use the account number as the username. Newer systems separate your identities from your accounts. If you are not married, you really need to be cautious about keeping money in accounts where you are joint tenants, as there are very real financial and tax risks associated with doing that. Once money is deposited into the account, you both have full ownership rights on the money in the account. Also, you can get into a situation where you could have a gift tax liability."


In this case the market interest rate is the discount rate that sets equal the market price (current value) of the bond to its present value. To find the market interest rate which is also referred to as promised yield YTM you would have solve for the interest rate in the bond price formula A market price of bond is the sum of discounted coupons and the terminal value of the bond. Most spreadsheet programs and calculators have a RATE function that makes possible finding this market interest rate. First see this for finding a coupon paying bond price The coupon payments are discounted so is the par value of the bond and sum of such discounts is the market price of the bond. The TVM functions in Excel and calculators make this possible using the following equation Let us take your data, 9% $100,000 coupon with 5 years remaining to maturity with market interest rate of 10%. Bonds issued in the US mostly pay two coupons per year. Thus we are finding the present value of 10 coupons each worth $4500 and par value of $100,000. The semi-annual market interest rate is 10%/2 or 5% The negative sign indicate money going out of hand Now solving for RATE is only possible using numerical methods and the RATE function is programmed using Newton-Raphson method to find one of the roots of the bond price equation. This rate will be the periodic rate in this case semi-annual rate which you have to multiply by 2 to get the annual rate. Do remember there is a difference between annual nominal rate and an annualized effective rate. To find the market interest rate  If you don't have Excel or a financial calculator then you may opt to use my version of these financial functions in this JavaScript library tadJS


"Many answers here have given what look to be useful perspectives on your question.  I want to point out an interesting technical issue. If an employer contracts with an insurer, it agrees to cover all employees (or all that fill some pre-specified definition and no one else), and to offer only a limited range of options. If you buy insurance directly, you obviously have a huge range of choices, including the (technically illegal) one of no insurance at all. Your first thought is probably, ""Hey, that's great! More options, more chances to pick the plan that's right for me."" Sorry, no.  Yes, you have more options, but so does everyone else. If you are working for some large company, you get insurance, period. If you suspect you have an expensive health condition, you cannot buy more insurance; if you believe yourself to be healthy as a horse, you cannot get skimpier insurance and pocket the difference.  Healthy people and sick people are all in the same predictable pool. If you buy insurance freely, the insurer knows that the sicker you are, the more likely you are buy insurance, a phenomenon called adverse selection.  As a result, the premiums (fees) a person buying his own insurance pays are much higher, because most of his fellow policy-holders are sickly -- even if he himself is just risk-averse. On the other hand, if you are risk-neutral, if you can survive a $10,000 bill if it happens to arise, you can save big by finding the skimpiest imaginable insurance, where all your fellow policy-holders will be hale and healthy people like yourself."


As others have pointed out in comments and answers, the 6 withdrawal limit was based on Regulation D. Banks/credit unions that offer checking-account based HSAs do exist, with no limit on the number of withdrawals (at least according to information given to me over the phone -- I didn't check the disclosure brochures). Concrete examples (I can't vouch for any of these, just found them in my research):


Yah, the MFE degrees can be a mixed bag. In general, these programs are improving and if you can get into a program like NYU, UCB or Carnegie Melon, then by all means I would recommend going. Your placement from an MFE program will be based on two things 1) Who your program director knows on Wall St. 2) Whether you are a foreign national. If you want to get a job in America as a MFE grad, you're facing an uphill battle compared to your American counterparts (unless you go to NYU, UCB, Carnegie Melon and maybe MIT or Chicago).  If you decide to get a PhD it will be in: Physics, Math, Computer Science or Economics. Furthermore, you will pretty much be restricted to a research quant role for the duration of your career. Most of these guys end up doing experimental/cutting-edge risk analysis and derivatives pricing for the middle office. There's always exceptions to this rule; and the CS guys will largely be back-office trading system engineers.  If you have interest in being a trader (the most lucrative Wall St. position outside of executives/managers) or a buy-side investment manager, then there's no need to go beyond an MSF/MSFE. At this point, it's more a matter of who you impress and who you know that will get you where you want to be.  If you want to do sell-side, front office or M&A, then go get an MBA.


Pretty sure we used to hang out haha. This is exactly my experience, too! Their food is garbage, but when you're already drunk, it turns into delicious garbage.  Ah, now I'm feeling nostalgic for those Long Islands and pretzel sticks!


If you made a contribution to a Traditional IRA for Year X (whether made during Year X or made in Year X+1 before the due date of your tax return for Year X), then you can withdraw the contribution and any gains on that contribution  by the due date of your tax return. If the contribution was deductible, then of course you must not take a deduction for it in on your tax return for Year X (or any other year for that matter). As for the gains (if any) that were withdrawn, they are taxable income to you for Year X (not X+1, even if the withdrawal occurred in Year X+1). Publication 590a says You generally can make a tax-free withdrawal of contributions if you do it before the due date for filing your tax return for the year in which you made them. This means that, even if you are under age 59-1/2, the 10% additional tax may not apply. and later in the same Publication If you have an extension of time to file your return, you can withdraw them tax free by the extended due date. You can do this if, for each contribution you withdraw, both of the following conditions apply.   -  You did not take a deduction for the contribution.   - You withdraw any interest or other income earned on the contribution. You can take into account any loss on the contribution while it was in the IRA when calculating the amount that must be withdrawn.    If there was a loss, the net income earned on the contribution may be a negative amount. Later, the document says You must include in income any earnings on the contributions you withdraw. Include the earnings in income for the year in which you made the contributions, not the year in which you withdraw them. and The 10% additional tax on distributions made before you reach age 59-1/2 does not apply to these tax-free withdrawals of your contributions. However, the distribution of interest or other income must be reported on Form 5329 and, unless the distribution qualifies as an exception to the age 59-1/2 rule, it will be subject to this tax. Since you have a loss on the contributions that you are withdrawing, there is no interest or other income that needs to be reported.


I don't necessarily think anyone strives to be a one-man shop. But he makes an excellent point about the mentality of the business owner.  You get a type-A personality running the show and they want to do everything or micromanage because they feel they do it better.  A business can only grow so big with that mentality--I've seen it first-hand too many times.


A childhood friend just had his sentencing hearing the other day after pleading to robbing 2 banks 5 times over the span of 11 months.  He only cleared $34k and now he's going away for 7.5 years, best case scenario.


Now I don't know the history of banks but from the overall idea of a bank, it seems like they were created to help people organize and have control of their money. I think they've changed a lot, and every company is out to make money, but the bottom line is that they're there for you. You don't have to use a bank if you don't want to (though it may be difficult to get through life without doing so).  Lol why would I get downvoted, that doesn't make any sense.


"This is the best tl;dr I could make, [original](http://cep.lse.ac.uk/pubs/download/ea038.pdf) reduced by 97%. (I'm a bot) ***** > Chronic underinvestment in skills, infrastructure and innovation has held back growth in the UK. A successful modern industrial strategy should combine economy-wide policies - such as ensuring schools are adequately resourced and stimulating investment in infrastructure or R&D - with more focused sector or place-based policies that seek to address specific market failures that hold back growth.  > Policies for sectors There are cases where firms are affected by sector specific barriers to growth that can be addressed by government policy.  > The Liberal Democrat policy of &#039;use it or lose it&#039; months of parental leave for fathers is likely to be an effective policy for encouraging sharing of childcare responsibilities between parents, and helping mothers to return to work.19 The Conservatives&#039; strict immigration targets are likely to be damaging for the UK skills base, business and the research community.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6ejcot/lse_the_uks_new_industrial_strategy_pdf/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~133543 tl;drs so far."") | [Theory](http://np.reddit.com/r/autotldr/comments/31bfht/theory_autotldr_concept/) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **policy**^#1 **Strategy**^#2 **sector**^#3 **investment**^#4 **Industrial**^#5"


I am with Joe.   Just doing some rough budgeting you should be able to swing 2-2.5K per month.  Here is how I got that: You gross 60K, 5k per month.  75% of rent ~1000, 75% of 600 for groceries 450, 75% of 400 for utilities 300, 500 student loan.  5000-1000-450-300-500=2750.  Deduct another 250 for gas, car repairs, clothes, hair cuts and you have 2500.  What else are you doing with your money? This is with no help from your partner.  I'd ask the same of him, what is he doing with all of his money?  He makes 66% of what you do, but is only responsible for 25% of the bills.  Combined you could be rocking this at like 5K per month.  This is with not working an extra job.   Being a victim is a choice, you can win with money.


There is no reason to roll an option if the current market value is lower than the strike sold. Out-of-the-money strikes (as is the $12 strike) are all time value which is decaying constantly and that is to our advantage. If share price remains below the strike, the option will expire worthless, you will still have your shares and free to sell another option the Monday after expiration Friday. If share price is > $12 on expiration Friday and you want to keep those shares, you can roll out or out-and-up depending on your outlook for the stock. Good luck, Alan


Leesburg Dog Training by Canine Dimensions--To properly train a dog usually requires professionals to help you do it the right way. Dog training is a great way to have your dog behave, listen, get along with others, and become obedient. With the right dog training from Canine Dimensions you will be able to enjoy your dog for the rest of your life.


The only caveat I'd give is that I'd be sure of eligibility to make those contributions. The IRS article Amount of Roth IRA Contributions That You Can Make for 2012  has a chart for AGI limits for specific years.


Lanyard Solutions offers cheap custom printed lanyards in Australia with the highest quality products at the lowest possible prices. Lanyard Solutions has a combined 15 years of experience in the lanyards and conference supplies industry to serve all of your needs. Visit http://www.lanyardsolutions.com.au/blog.aspx for more information about their services.


"SIPC is a corporation - a legal entity separate from its owners. In the case of SIPC, it is funded through the fees paid by its members. All the US brokers are required to be members and to contribute to SIPC funds. Can it go bankrupt? Of course. Any legal entity can go bankrupt. A person can go bankrupt. A country can go bankrupt. And so can anything in between. However, looking at the history of things, there are certain assumptions that can be made. These are mere guesses, as there's no law about any of these things (to the best of my knowledge), but seeing how things were - we can try and guess that they will also be like this in the future. I would guess, that in case of a problem for the SIPC to meet its obligation, any of the following would happen (or combinations): Too big to fail - large insurance companies had been bailed out before by the governments since it was considered that their failure would be more destructive to the economy than the bailout. AIG as an example in the US. SIPC is in essence is an insurance company. So is Lloyd's of London. Breach of trust of the individual investors that can lead to a significant market crash. That's what happened in the US to Fannie Mae and Freddie Mac. They're now ""officially"" backed by the US government. If SIPC is incapable of meeting its obligation, I would definitely expect the US government to step in, even though there's no such obligation. Raising funds through charging other members. If the actuary calculations were incorrect, the insurance companies adjust them and raise premiums. That is what should happen in this case as well. While may not necessarily solve a cashflow issue, in the long term it will allow SIPC to balance, so that bridge loans (from the US government/Feds/public bonds) could be used in between. Not meeting obligations, i.e.: bankruptcy. That is an option, and insurance companies have gone bankrupt before. Not unheard of, but from the past experience - again, I'd expect the US government to step in. In general, I don't see any significant difference between SIPC in the US and a ""generic"" insurance coverage elsewhere. Except that in the US SIPC is mandatory, well regulated, and the coverage is uniform across brokerages, which is a benefit to the consumer."


In the equity markets, the P/E is usually somewhere around 15.  The P/E can be viewed as the inverse of the rate of a perpetuity. Since the average is 15, and the E/P of that would be 6.7%, r should be 6.7% on average. If your business is growing, the growth rate can be incorporated like so: As you can see, a high g would make the price negative, in essence the seller should actually pay someone to take the business, but in reality, r is determined from the p and an estimated g. For a business of any growth rate, it's best to compare the multiple to the market, so for the average business in the market with your business's growth rate and industry, that P/E would be best applied to your company's income.


"the whole notion that a central banker must be independent of the government force is fuking insane. No, this is precisely borne out as I posted above by dozens of economies over hundreds of years. [Here is but one study from many](people.ucsc.edu/~walshc/MyPapers/cbi_newpalgrave.pdf) demonstrating this quite clearly. Unless you have some peer reviewed evidence then let's note your opinion as such and move on.  Letting politicians dictate monetary policy has been terrible where it has been tried for the reasons I gave above: letting a politician print money makes that politician get votes, but leads to massive inflation and unemployment. Your ignorance of actual evidence and cries to ""Nationalize the FED"" will most likely work out much worse than the current system, as demonstrated many times in research including the above."


Windows 8 and server 2013 rock, after you revert the ui to be the same as 7.   The managers who thought forcing a touch UI to every platforms including those without touch were seriously deranged.  Don't use office because VI+LaTeX works better for me! Makes MS tons of money.


government regulations are and have been killing off American enterprise, e.g.  The Code of Federal Regulations (CFR) is divided into **50 titles** representing broad areas subject to Federal regulation. Each Title is divided into chapters that are assigned to agencies issuing regulations pertaining to that broad subject area. Each chapter is divided into parts and each part is then divided into sections -- the basic unit of the CFR.  Those interested in a specific topic, such as Telecommunications, need only purchase a specific volume or groups of volumes that pertain to the desired topic.   A full set of the CFR consists of approximately **200 volumes**. The approximately 200 CFR volumes are revised at least once a year on a quarterly basis as follows:  [full link is here](http://bookstore.gpo.gov/catalog/laws-regulations/code-federal-regulations-cfrs-print)


As an NRI there are certain limitations as well as benefits.  Limitation in terms of holding a specified quantity of shares in company, thus the need to open new account, so that Bank can track the holding and inform regulator.  Benfits in terms of able to reptriate any amount of funds from trades in this account. In order to ease this, there are 2 Accounts NRO demat account (Non PINS): Essentially this does not automatically allow for reptration of funds [like NRE] but its more like NRO, amount upto USD 1 million per year. NRO Demat account PINS: Here you can buy fresh shares and take the proceeds out of country without any limits. So in short, you would need an NRO Demat NON PINS Account. Transfer your existing shares here. Sell whenever you like. Open a NRO Demat PINS account, if you wish to buy more with status as NRI, if you don't wish you buy, there is no need for this account.


"You need ""the list"".    Write down EVERYONE you know. EVERYONE. Like, EVERYONE. Then categorise their potential as a customer as ""high"" ""avg"" or ""low"". Then make contact with all the low hanging fruit. Most will naturally ask what you're doing, you'll tell them, and you'll plant a lot of seeds. Some will germinate soon, some will take years, some will refer, some will not.     People need to know what you can offer and the best place to start is with people you know."


Obviously, the best thing financially would be to continue using your present car, unless it impacts you financially on a regular basis. For example, maintenance or breakdowns impacting your ability to work. An unreliable car also impacts your freedom, for example preventing you from taking road-trips you might want to take or taking up free time with maintenance. Give thought to what it is about your present car that you dislike, both to determine the value you gain from a new car and what's most important to you. Anytime you buy a car, you generally lose thousands of dollars simply driving it off the lot. This is the profit which goes to dealers, salespeople, etc... and not part of the actual value of the car. Cars also depreciate over time, with most of the depreciation happening in the first few years of operation. Many of the newer model cars have additional expenses. (For example, replacement $200 keys or electronic systems that can only be repaired at special facilities.) In addition, if you have insurance (other than the minimum third-party required by law), consider the rate increases and add up the long-term impact of that. Imagine you had invested that money instead at 8% interest over the lifetime of the car. If you don't have insurance, consider what you would do in the unfortunate situation where you were at fault in a collision. Could you afford to lose your investment? Even with safe responsible driving, there is always the potential for road/weather conditions or mechanical failures. If you determine there is sufficient value to be gained from changing vehicles, I would recommend that you buy a vehicle with history from someone privately, doing appropriate background checks and consulting friends or family who know about vehicles and can provide feedback. Do research into the models which interest you ahead of time, read online reviews. Every vehicle generally has known advantages and disadvantages which can take years to discover, so buying an older vehicle gives you the advantage of knowing what to expect. I would say there is probably a reasonable middle ground between using a 1991 vehicle you don't like (that's as old as you are) and getting a relatively new model. Look at what you value in the vehicle, consider all the costs, and find the balance that works best for you. Vehicles from 2000-2005 years are quite affordable and still 10-15 years newer than your car.


The price inflation isn't a percentage, it's a fixed amount. If the dealer adds $R to the price of both the trade-in and the purchased car, then everyone ends up with the right amount of money in their pockets. So your formula should be: D + T + R = 0.1 * (P + R)


"I do not believe there is a strong correlation between CPI (Consumer Price Index) and housing value appreciation. Take, for example, New York City which has the highest CPI in the US.  A great deal of the CPI number is skewed by Manhattan.  One can live in Brooklyn or Queens and avoid some of NYC's high CPI.  I would say that housing appreciation occurs because of the human activity in the area.  That same human activity is what drives the CPI.  There are other contributing factors, like limits on economies of scale.  You simply cannot set down a Super Walmart in much of NYC, so goods are distributed over a larger number of stores.  (Sure, NYC is a port city, but the goods are distributed within the city by trucks.) The San Francisco Bay Area is another high CPI area in the US.  Here, as well, it is the location that draws people.  While NYC is mostly about economic activity, the SF Bay Area is a mix of the draw of a great location and the economic activity that occurs due to the large number of people living there.  I know of a house in Oakland that sold for approximately $350k, in 2004/05.  It was located not too far from the ""Killing Fields,"" as they were known locally.  It was not the worst neighborhood in Oakland, but it was not very far from it.  This was for a shabby, single-story unit which I believe had 5 (maybe 6) rooms.  That is a lot of money for a house that required a lot of attention and was in a bad neighborhood.  I have no idea how the housing market is after the housing bubble, but the higher value areas had the most room to fall and many of them fell hard. Ultimately, it is supply and demand that determines the CPI and housing values.  This supply and demand is determined by the human activity in the area and some practical considerations regarding the area. A final note: If we are talking about a primary residence, it should not necessarily be looked at as an investment.  First and foremost, it is a necessity.  Second, if you need to hire people for the maintenance and/or upgrades, that will eat into your gains.  Contractors are not cheap, especially where they are in high demand.  Finally, the tax incentive is actually not that great.  Sure, you take what you can get, but its impact is relatively marginal."


Oh I see - then yes I agree with you. Even if it was a foreign company in that situation, they should pay taxes. But in regards to the concept of repatriated profits,  that has to do with profits generated outside of the borders...


We've also had pretty freak weather throughout the US this past year doing quite a bit of damage.  If I recall correctly, there's been major flooding along the Mississippi River in Louisiana that's wiped out a good bit of rice farmland, serious drought throughout Texas (though that may be lessening of late), and a frost in Florida that took out a swath of the strawberry crop.  Now, maybe that's the sort of stuff that happens every year and people get by regardless, but still.


Greetings r/finance!! I have a question regarding EBIT and the company that I work for.   The steel company I work for reported they made a profit of $1.3 billion profit. Here's the link with some more numbers:  http://www.nwitimes.com/business/local/arcelormittal-turns-billion-profit-in-second-quarter/article_606a0989-066f-5140-864d-2b04e5f4f294.html  Now I am a union worker and like everyone else in my union, we get a profit sharing check based on the company's profit and with the labor agreement we have with them we get a 7.5% cut of it.   So my question for you guys why did we recieve this piece of paper today?  https://imgur.com/gallery/pSIG3  Why is there still a $33 million dollar loss that we don't get any profit sharing?? Any and all answers or information is appreciated. Thank you for your time in advance!


A stop-loss order becomes a market order when a trade has occurred at or below the trigger price you set when creating the order. This means that you could possibly end up selling some or all of your position at a price lower than your trigger price. For relatively illiquid securities your order may be split into transactions with several buyers at different prices and you could see a significant drop in price between the first part of the order and the last few shares. To mitigate this, brokers also offer a stop-limit order, where you set not only a trigger price, but also a minimum price that you are will to accept for your shares. This reduces the risk of selling at rock bottom prices, especially if you are selling a very large position. However, in the case of a flash crash where other sellers are driving the price below your limit, that part of your order may never execute and you could end up being stuck with a whole lot of shares that are worth less than both your stop loss trigger and limit price. For securities that are liquid and not very volatile, either option is a pretty safe way to cut your losses. For securities that are illiquid and/or very volatile a stop-limit order will prevent you from cashing out at bottom dollar and giving away a bargain to lurkers hanging out at the bottom of the market, but you may end up stuck with shares you don't want for longer than originally planned. It's up to you to decide which kind of risk you prefer.


The government is this countries largest monopoly and rent seeker, whose interests run divergent to our own, and which must be managed closely by the governed lest it becomes an arbitrary regime beholdent to no other authority but its own.  If you've watched congress at all, you know how quickly these people can write away the rights and privileges of their constituents.  http://work.chron.com/average-salary-government-employees-7863.html


http://www.dewithpallets.nl/europallets-inleveren  Eenmalige Pallets,Houten Pallets,Wegwerppallets,Europallets Kopen,Pallet  EPAL is het Europese statiegeld systeem voor Europallets. De EPAL normering is opgezet om de kwaliteit, afmetingen en eisen aan een europallet vast te leggen. Zo zijn er reparatienormen en productienormen voor europallets. Deze eisen zijn vastgelegd door Nederpal en internationaal door EPAL.


"> integration (everyone wants their own closed ecosystem so they can collect data or charge for services, which is the opposite of what consumers want.)  This is the most infuriating result of the past decade. We *were* moving to a world of internetworked services and APIs, so data and functionality could be surfaced where you want it. Then everyone let Facebook get all ""This is my stuff - fuck off!"" with their data and APIs and then followed suit, which fucked us all.   Outlook had a connector framework so that your contacts could all automagically update with pics and info from Facebook, LinkedIn, G+. and a few other social networks. It died with Facebook and LinkedIn walled in their data feeds because fuck you.   It was an amazing feature with a pretty neat ""art of the future"" about it (if you spend a lot of time in Outlook, that is) and it's just fucking gone because Zuckerberg had to build a wall around his castle."


"In May 2011, a report to the board by Promontory Financial Group, a Washington consultant hired as part of the CFTC Dooley settlement, concluded that the firm had vastly improved"" its systems and risk controls, and praised management for setting ""a tone at the top"" supporting ""best practices.""    I actually did some technology work for Promontory Financial Group for a short period.  What a bunch of tools.  They had a nice office in a newer office building in the business district of Washington DC, not far from the Treasury.  Their ""server room"" was actually a closet.  The number of servers they had produced a lot of heat.  It had minimal ventiliation.  Their solution?  Bring in a portable A/C unit.  Great, but due to the humidity and the amount of heat/energy transfer, it produced a lot of condensation runoff.  There was no drain.     The solution?  Think of the largest Rubbermaid outdoor garbage can that you can buy, and put it under the unit to collect the condensation output.  It was probably 50 gallons.  It filled up in about three or four days, an indication of the output.  Part of the nightly cleaning crew's responsibility was to bail (literally) the water out of the can, and put it in a mop bucket, and wheel it down to the cleaning closet that did have a sink and empty it.  The can had wheels, but who would want to risk rolling 400 pounds of water on tinkery casters down a lavish passageway?    Problem?  On long weekends/holidays, there was no cleaning crew.  So they purchased a ""Mister Sensaphone"" (yes there really was such a device), so that when the can started to overflow, the moisture detector would trigger, it would page the system administrator, and they would drive into the office and bail it out.    All of that because they did not want to pay $30,000 to install additional ac capacity on the roof and ventilate their server room.   I think they were actually proud of this setup, like it was a demonstration of some ""out of the box"" creativity."


But what about when economic interests use their economic muscle to influence politics?   Consider: politicians, beholden to special interests, regularly pass laws that direct public funding to private interests. The everglades sugar tax credit is one such example. The credit subsidized sugar producers in the everglades who couldn't compete with corn syrup or cheaper foreign sugar.   Thus, economic interests captured political interests and used pubic policy to enrich themselves at the cost of the public. The economic rich therefore harmed everyone by harming the free and open market. They were and are complicit with the politically rich.   Money is political.


As long as you don't mind doing the extra tax paperwork, you don't need to pay any taxes, since the gift tax doesn't kick in until you've given someone several million dollars over a lifetime.


You are confused about a couple of terms: For example you work for company A: As to the 1098-T: It is likely that  you or your parents will use the 1098-T. You don't have to file a copy with the IRS. You and your parents need to determine who should be reporting the educational expenses: you or your parents.


The ultimate reason to own stock is to receive cash or cash equivalents from the underlying security. You can argue that you make money when stock is valued higher by the market, but the valuation should (though clearly not necessarily is) be based on the expected payout of the underlying security. There are only three ways money can be returned to the shareholder: As you can see, if you don't ask for dividends, you are basically asking for one of the top two too occur - which happens in the future at the end of the company's life as an independent entity. If you think about the time value of money, money in the hand now as dividends can be worth more than the ultimate appreciation of liquidation or acquisition value. Add in uncertainty as a factor for ultimate value, and my feeling is that dividends are underpaid in today's markets.


> ING is the fourth major bank to settle with New York and U.S. authorities over “stripping” information from wire transfers that would have identified sanctioned parties’ involvement. In 2009, Credit Suisse AG agreed to pay a $536 million fine and Lloyds TSB Bank Plc agreed to forfeit $350 million. Barclays settled in 2010 for $298 million.  > Later that year, another Dutch bank, ABN AMRO, settled a case with the Justice Department, agreeing to pay $500 million.  lol that's not even half a quarter of profits.


Well it seems this sanitary pad of a company is still attempting to wage some sort of financial war, a day after the Orange Bufoon was so proud that China Central Bank has cut ties with North Korea, seeing as there is no official statement from China, I can only assume an embarrassment looming  . .what color do we get when we mix Orange with a maidenly shade of pink  . . .hmmm . .probably a sunset mushroom shade over a setting sun in the Pacific . . interesting times . . .interesting times


I wish him the best - recently left a company that was using ADP and they have **major** issues.  Based on what I saw they'd be my last choice for a payroll company, so if he can force them to fix those practices it would probably give them a significant boost in customer retention.


"True, absolutely safe are only death and taxes.  Apparently [US treasuries](https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield) yield far less than 3,5-4%, but I guess that's as ""100% safe"" as it gets.  However, best I could find while talking to various banks was a reverse convertible bond that yields 3,5% per year, tax excluded. Worst case scenario: 1) I got all my money back and gained 3,5% for one year. 2) after a few years, I find myself with pretty valuable shares and still cashed in the yearly 3,5%.  I was wondering if I got lucky with that, or if there are better things out there and if yes, where I should look. Honestly, in the age of negative interests, I'm more than happy to get enough interest to counter inflation."


For me there are two issues.  So, what to do? You have the basics of a very strong position coming together. A good salary in a good city. I'd be patient and work on consolidating my position for another year to 18 months (including building a rainy day fund) and look to buy then.


Basically, what you describe exists in many countries - not in the USA though. In Europe, people have checking accounts with allowed overdraft, typically three month net salaries. You can just this money any day as you like, and pay it back - completely or partially - any day as you like. Interest is calculated for each day on the amount used that day; and the collateral is 'future income', predicted / expected from previous income. In the USA, credit cards have taken its place, with stricter different rules and limitations. In addition, many of the extra rules in loans were invented to take advantage of the ignorance or situation of the borrower to make even more money. For example, applying extra payments to future due payments instead of to the principal makes that principal produce more interest while the extra payments just sit around.


Oh wow. For a second thought the title refers to coding. Like there's open source development no need to spend that kind of money.    Also really hope they do more comedy specials and less adam sandler.


"Plus the younger Gen Xer's did worse than the older ones.   And of course, the ""savvy"" Gen Xer's did much better than the ""un-savvy"" -- the savvy actually saw the whole thing coming, managed to get out of the market at just the right ""peak"" time, and were able to get back in (at least partially & tenuously) near the bottom. (I'm actually in better shape financially now than I was pre-recession, and with zero debt I was in fairly good shape then; and I know I am not the *only* ""savvy"" GenXer who did that).  But even given that... the future *still* looks ""rocky"" to me."


Japan has not implemented the IBAN system (yet), at least according to the Wikipedia list. IBAN is a European thing, slowly spreading around the globe, and hasn't reached Japan and many other countries yet. SWIFT is your friend here. Adoption of the IBAN at various levels (as of January 1, 2014):


"This depends on the country(ies) involved. US citizen/resident giving gifts is required to pay a gift tax. The recipient of the gift, however, pays nothing. The value of the gift at the time of the gift-giving is used to determine the tax, and an exclusion of $14000 per person per year (as of 2013) is available to allow smaller gifts to be given without too much of a red tape. There's also a lifetime exemption which is shared between the gift tax and the estate tax. This exemption is $5.25M in 2013.  The reason the gift tax exists in the US is because the US tax code is very aggressive. This is basically double taxation, similarly to estate tax. Gifts/estates are after-tax money, i.e.: income tax has been paid on them, yet the government taxes them again. Why? The excuse is to disallow shifting of income: if one person has high income tax brackets, he may give some of his income-producing property to another person with lesser brackets who would then pay less income taxes (for example, parents would transfer property to children). Similarly capital gains could be shifted. Generation-skipping tax is yet another complication to disallow people use gifts to avoid estate taxes: a grandparent would gift stuff to grandchildren, thus skipping a level of estate taxes (the parents in between). In other countries the tax codes may be less aggressive, and not tax gifts/inheritance as this money has been taxed before. This is a more fair situation, IMHO, yet it means that wealth moves from generation to generation without the ""general public"" benefiting from it. So if you're a US person and considering giving or receiving a gift - you need to consult with a tax adviser about the consequences. Similarly with other countries, if you are subject to their tax laws."


"Not exactly. In a credit union, all members are ""shareholders."" The CUs ""pass"" onto their shareholders in the form of significantly lower interest rates, higher savings interest rates, complementary perks like paid life insurance, and others depending on your CU."


Look into the Coverdell Education Savings Account (ESA). This is like a Roth IRA for higher education expenses.   Withdrawals are tax free when used for qualified expenses. Contributions are capped at $2000/year per beneficiary (not per account) so it works well for young kids, and not so well for kids about to go to College. This program (like all tax law) are prone to changes due to action (or inaction) in the US Congress.  Currently, some of the benefits are set to sunset in 2010 though they are expected to be renewed in some form by Congress this year.


"Did it show just your address, or was your name on it as well?   You didn't share how long you've lived at the address either, so it makes me wonder whether a former tenant is the one who filed that paperwork.  It's also possible that someone used your address when making a filing.  Whether that was deliberate or accidental is hard to discern, as is their intent if it was intentional. It could be accidental -- someone picked ""CA"" for California when they meant to pick ""CO"" for Colorado or ""CT"" for Connecticut...These things do happen.  It can't make you feel any better about the situation though. You should be able to go online to the California Secretary of State's website (here) and look up everything filed by the LLC with the state.  That will show who the founders were and everything else that is a matter of public record on the LLC.  At the very least, you can obtain the registered agent's name and address for the LLC, which you can then use to contact them and ask why your address is listed as the LLC's business address. Once you have that info, you can then contact the Secretary of State and tell them it isn't you so they can do whatever is necessary to correct this. This doesn't sound like a difficult matter to clear up, but it's important to do your homework first and gather as much information as you can before you call the state.  Answering ""I don't know"" won't get you very far with them compared to having the best answers you can about where the mistake started. I hope this helps. Good luck!"


Yeah, I'm aware. I'm not sure why you're fighting me on this. I was defending people organizing and protesting healthcare on internet freedom day. I'm not saying the internet isn't important but to most Americans I'm guessing healthcare would be more so. Which bears out in how the two subjects are dealt with. I doubt the democrats could create a tea party over NN the same way the republicans did over healthcare.


So, this isn't always the case, but in the example provided the option is most likely in the money or near the money since the delta is nearly 1 - indicating that a $1 move in the underlying results in a $0.92 move in the option - this will happen when the expiration is very far out or the option is in the money. As expiration gets closer, movements in the underlying become more pronounced in the options because the probability of the stock price moving from its current position is lower.    As the probability of the stock price moving goes down, the delta of in the money options approaches 100, eventually reaching 100 at expiration. Another way to word this is that the premium on in the money options shrinks as expiration approaches and the intrinsic value of the option increases as percentage of total value so that movements in the underlying stock price become a greater influence on the option price - hence a greater delta. Again, if the option is out of the money, this is not the case.


"fair enough, but I wasn't sure if you actually get it or not because your question seemed to revolved around cash and transaction value.  You are really just said ""skewing"" is if you didn't add net debt the multiple wouldn't be a valid muliptle. If you understand it, why start out with this mental exercise of saying ""we shouldn't calculate multiples wrong, because then they would be wrong""?"


In case you have no thought, [local business listing](http://come2ourdeals.com.au/) services is similar to phone book. Usually, when folks desire to find someone or something their first instinct is to search by way of the phone book. The yellow page contains not just the identify, deal with but also different ads of companies.


"Can anyone explain what each of them mean and how they're different from each other? When you ""buy to open"", you are purchasing an option and opening a new position. When you ""sell to open"", you are creating a brand new options contract and selling it. ""Covered"" means that you have assets in your account to satisfy the terms of the options contract. A ""covered call"" is a call option for which you own shares of the underlying stock that you will sell to the buyer at the option's strike price if he exercises the option. If you previously made a ""sell to open"" trade to create a new position, and you want to close the position, you can buy back the option. If you previously made a ""buy to open"" trade, you can ""sell to close"" which will sell back your option and close your position. In summary:"


"That's not the case where I'm located. Techs are hired ""temp to hire"" on contract. They are paid less than permanent employees. They aren't given any of the benefits of permanent employees. They are, just as the article says, treated like second class employees. Even third class at one company I worked for. And they are strung along with ""we just aren't hiring right now"" lines and told ""we'll extend your contract again and see if we are hiring at the end next time"".  I was laid off from a full time position because we were bought out by another company. I spent 7 months unemployed. I got a call for contract work and it only lasted two weeks. I was paid significantly less than my previous full time job and was not offered any kind of benefits at all. When that contract was up I was offered a contract at another company. Again, I was paid significantly less than I was making before and I was strung along by that company for two years before another contract offered me more money. With that contract I was finally getting paid what I was getting paid at my last permanent position, but again I did not receive the same benefits as a full time employee. That contract let me go after 18 months due to policy that they couldn't string contractors along. I was told that I could wait 6 months and be hired again, though! I then spent four months unemployed until I found my next contract which then hired me full time after 6 months. I've been full time for 2 years here now, but who knows how long that'll last. I've seen companies suddenly ""restructure"", which means they bring in H1Bs.  And I can't even blame this on me being a low level tech with no marketable skills. I've been in IT professionally for just a few months shy of 20 years. I've done everything from technical support, to security, to software QA, to system administration. I'm now in a job specializing in hardware. I have a resume that could be pages long with many different skill sets and roles. This is typical for nearly all of the contractors I know in this area. I run into people I know all the time floating from company to company around here. We're passed around like disposable commodities. But mention the word ""union"" and you'll get replaced with H1Bs. The tech industry is shitty that way."


"Yes.  The law has already been signed, and the individual mandate already tested by the Supreme Court.  The only recourse now is either a direct repeal by Congress, or a Constitutional Amendment nullifying it.    What is more likely is that by ""repeal"" he means ""direct a GOP-controlled congress to defund key portions of the law""."


"As many before me said but will say again for the sake of completeness of an answer:  First off provision to have an emergency fund of 6 months living expenses to cover loss of employment, unforeseen medical issues etc.  When that is done you re free to start investing. Do remember that putting all your eggs in one basket enable risks, so diversify your portfolio and diversify even within each investment vehicle. Stocks: I would personally stay away from stocks as it's for the most part a bear market right now (and I assume you re not interested day-trading to make any short term return) and most importantly you dont mention any trading experience which means you can get shafted. Mutual Funds: Long story short most of these work; mainly for the benefit for their management and people selling them. Bonds  Instead, I would go for corporate bonds where you essentially buy the seller(aka the issuing company) and unlike gambling on stocks of the same company, you dont rely on speculation and stock gains to make a profit. As long as the company is standing when the bond matures you get your payment. This allows you to invest with less effort spent on a daily basis to monitor your investments and much better returns(especially if you find opportunities where you can buy bonds from structurally sound companies that have for reasons you deem irrelevant, purchase prices in the secondary market for cents in the dollar) than your other long term ""stable options"" like German issued bonds  or saving accounts that are low in general and more so like in the current situation for German banks. Cryptocurrency I would also look into cryptocurrency for the long term as that seems to be past its childhood diseases and its also a good period of time to invest in as even the blue chips of that market are down party due to correction from all time highs and partly due to speculation. As Im more knowledgeable on this than German-locale bonds, a few coins I suggest you look into and decide for yourself would be the obvious ETH & BTC, then a slew of newer ones including but not limited to OmiseGO, Tenx(Pay), Augur and IOTA. Beware though, make sure to understand the basics of security and good practices on this field, as there's no central bank in this sector and if you leave funds in an exchange or your wallet's private key is compromised the money are as good as gone."


"I have never seen anything that suggest it's illegal to charge ""fair"" interests on loans, personally or commercially.  Even CRA has long allowed the use of properly written ""promissory notes"" as the proof for personal loans between individuals, as long as the rates are consistent with their current ""subscribed rate"" (think bank's prime rate, if you don't want to having to look it up on CRA site). Loan Shark is someone or some entity that charges significantly higher interests than the rates posted by FI's.  We are talking about 30+% versus the bank's 10%.   Yes, we can argue the FI's are acting like Loan Shark when it comes to credit card interest rates, but that's another discussion."


"Can a company say ""StackExchange"" donate to a non-profit company say $5,000 in agreement that they will spend that on paying a designer for a new website? And most importantly is this donation still tax deductible? A non-profit would have to typically create a bucket for IT Services or Website design. As long as ""StackExchange"" specify they employ a profession service to get it done, there would be no issue. If ""StackExchange"" were to specify an individula/company it would be an issue."


I agree with MrChrister about first considering how necessary the renovations are (is it a nice-to-have, or a need-to-have?), as well as the importance of consulting a Realtor, if you are selling your home, as they will advise you wisely.  For instance, they might advise you to replace the linoleum with a neutral beige ceramic tile, as you would be assured a better resale value on your dollar spent, than if you were to replace the old linoleum with new linoleum (or laminate). There are many types of renovations that simply don't pay off, and others that do provide good return-on-investment (like intelligent kitchen and bathroom updates).  I found this ROI grid at lendingmax.ca (which is pretty consistent with what I remember reading in the Toronto Star this spring): Top 10 Renovations ~ Average return   on investment Painting and interior decorating = 73% Kitchen renovations = 72% Bathroom renovations = 68% Exterior painting = 65% Flooring upgrades = 62% Window/door replacement = 57% Family room addition = 51% Fireplace addition = 50% Basement renovation = 49% Furnace/heating updating = 48% If you are selling your home, and your Realtor has suggested improvements, they are probably necessary, and not doing them might serve as an impediment to quickly selling your home - so factor in the (potential) costs of carrying your home for additional weeks/months, or worse, overlapping mortage costs, if it takes your home longer to sell, and you end up owning two homes simultaneously for a bit. As far as your question (should you pay cash for renos or take out a loan), one factor to consider if you live in Canada is the Home Renovation Tax Credit, which applies to renos that take place until Feb 1, 2010, and can deduct up to $1,350.  So if you have to do a reno and yours qualifies for this tax credit, and you won't have the cash before that deadline, factor in the cost of borrowing vs. the $1,350. Good luck!


"This is the best tl;dr I could make, [original](https://www.nationaleconomicseditorial.com/2017/06/02/carbon-capture-plant-bad-investment/) reduced by 85%. (I'm a bot) ***** > Although we can&#039;t compare the costs because Climeworks doesn&#039;t state the cost of their plant on their website-probably because it&#039;s egregiously high, we do know the cost of planting trees.  > That means that only $17,640 worth of trees could do the work of the multi-million dollar Hinwil carbon-capture plant.  > According to Spencer P Morrison, this paper&#039;s editor-in-chief, the Hinwil carbon plant may be &quot;The worst investment in human history&quot;, and is &quot;Symptomatic of a complete disregard for common sense, and utter contempt for the working man&quot;.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6fje5k/worlds_first_multimillion_dollar_carboncapture/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~137400 tl;drs so far."") | [Theory](http://np.reddit.com/r/autotldr/comments/31bfht/theory_autotldr_concept/) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **plant**^#1 **tree**^#2 **carbon**^#3 **more**^#4 **dioxide**^#5"


Because we haven't started any wars for oil.  Saddam would happily have sold us every barrel he could pump at reasonable prices.  The US didn't come in and seize any Iraqi oil.  This is just a  nonsensical conspiracy theory from the left.


Coca Cola doesn't seem to have any preferred shares outstanding. From the annual report, it does say that the number of common shares outstanding was 2,294,316,831 as of February 22, 2011. (cover page, right before the horizontal break) But normally, you can find it either toward the beginning of the document or in the statement of shareholder's equity.


I still can't understand why there is a price discrepancancy.  There isn't. It's the same stock and price differences between such major exchanges will always be minimal. I think you simply haven't paid attention to the date range. It seems Google finance only has data for FRA:BMW reaching back to 2011, so if you try to look at the development of your investment since 2009, you're not getting comparable data.


The story here is the Engadget still doesn’t understand Amazon.   Engadget, please go read [Stratechery](https://stratechery.com/2017/amazons-new-customer/) and STFU Until you learn that clickbait doesn’t inform your readers of what amazon is doing.   Amazon shouldn’t show a profit at all if it is reinvesting all the profits into newer and larger business units - it’s stated strategy - so “slumping profits” a big pile a festering clickbait pig-shit. I expect this level of analysis from fuckwits... Oh wait.


I would speak to your employer about direct deposit into one of your local casinos.  Its a simple matter of then arranging to purchase said lottery tickets with the casino's chips.  For a small convenience fee, I would imagine you could also arrange to have the casino automatically convert the chips to lottery tickets, redeem the winning tickets for you and give you a weekly report of your winnings.  Hope this helps.


Either it's because he's a bad leader or because the guy was corrupt. Hoping for the latter   Edit: it's hilarious how the people who down voted me clearly just wish our president to fail. Y'all must be braindead hoping for our president to bring down the US


"Not necessarily. Especially if your business model is founded on a free internet.   Take Netflix. In the short term they might make enough in tax breaks to pay for the ""fast lanes"" that ISPs want to charge. But what happens when the ISP decides to just bar Netflix entirely, because they are a competitor?  They don't even have to block them, they could just intentionally throttle Netflix to a degree where the service is unusable.   So consumers are sitting there with crappy quality coming from Netflix, but that Spectrum app is expanding and streams just swell.   That's where it is headed if net neutrality is killed. If Netflix doesn't see this then they are blind. And it isn't just Netflix either, it's any service that competes with an ISP's other companies.   In order for these tech companies to continue to enjoy success, they need net neutrality. Or failing that, a legal requirement that all ISPs cannot have other businesses besides being an ISP. Or true competition in all marketplaces for high speed internet."


If your dad would have won money on the slot machines(And the amount was high), the casino would have given him a W2G to fill out right there and taxes would have been deducted. However, table games including Poker does not have any such rule. You will have to account for your winnings(And losses) at the end of the year. So, it is ok if you sign that paper, as you do not owe the IRS any money yet.  You will still need to file your taxes as a non resident alien at the end of the year and attach the form W2G with it and pay your dues.


QE2 will mean that there are about $500 billion dollars in existence which weren't there before. These dollars will all be competing with the existing dollars for real goods and services, so each dollar will be worth a little less, and prices will rise a little. This is inflation. You can probably expect 1.5%-2% annual inflation for the US dollar over the next several years (the market certainly does in the aggregate, anyway). This is in terms of US-based goods and services. QE2 will also reduce the amount of other currencies you can get for the same dollar amount. The extent to which this will occur is less clear, in part because other currencies are also considering quantitative easing. Your long-term savings should probably not be in cash anyway, because of the low returns; this will probably affect you far more than the impact of quantitative easing. As for your savings which do remain in cash, what you should do with them depends on how you plan to dispose of them. The value of a currency is usually pretty stable in terms of the local economy's output of goods and services - it's the value in international trade which tends to fluctuate wildly. If you keep your savings in the same currency you plan to spend them in, they should be able to maintain their value decently well in the intermediate term.


"I am a proud member of the BA frequent fliers' club (Executive Club). Their service is superb. Their avios (aka miles) are quite useful. However, that is if you're not flying with British Airways, because if you do - you'll pay enormous amounts as ""taxes"". I've used their avios on Air Berlin, American Airlines and Iberia - several times each, and their prices are very reasonable (including trans-Atlantic flights, although I mostly used it for domestic flights in the US and EU). If you only fly BA - their club charges ridiculous amounts for taxes and you would probably want to be in one of their partners' clubs. Depending on your traveling pattern - I'd suggest American Airlines (if you travel a lot in the US) or Qantas (if you travel to far East). I'm not familiar with other partners' clubs, so can't tell. So whether or not the 50K avios worth the investment is really up to you - it depends greatly on your traveling pattern and where you can use them. If only on BA - not sure if it is worth the trouble (although you do end up with about 50%-70% discount of the regular price when you buy miles tickets)."


"As a Canadian resident, the simple answer to your question is ""yes"" Having worked as a tax auditor and as a Certified Financial Planner, you are required to file an income tax return because you have taxable employment income. All the employer is doing is deducting it at source and remitting it on your behalf. That does not alleviate your need to file. In fact, if you don't file you will be subject to a no filing penalty. The one aspect you are missing is that taxpayers may be entitled to tax credits that may result in a refund to you depending on your personal situation (e.g spousal or minor dependents). I hope this helps."


Yield is the term used to describe how much income the bond will generate if the bond was purchased at a particular moment in time. If I pay $100 for a one year, $100 par value bond that pays 5% interest then the bond yields 5% since I will receive $5 from a $100 investment if I held the bond to maturity. If I pay $90 for the same one year bond then the bond yields 17% since I will receive $15 from a $90 investment if I held the bond to maturity. There are many factors that affect what yield creditors will accept: It is the last bullet that ultimately determines yield.  The other factors feed into the creditor’s desire to hold money today versus receiving money in the future.  I desire money in my hand more than a promise to receive money in the future.  In order to entice me to lend my money someone must offer me an incentive.  Thus, they must offer me more money in the future in order for me to part with money I have. A yield curve is a snapshot of the yields for different loan durations.  The x-axis is the amount of time left on the bond while the y-axis is the yield.  The most cited yield curve is the US treasury curve which displays the yields for loans to the US government.  The yield curve changes while bonds are being traded thus it is always a snapshot of a particular moment in time. Short term loans typically have less yield than longer term loans since there is less uncertainty about the near future. Yield curves will flatten or slightly invert when creditors desire to keep their money instead of loaning it out.  This can occur because of a sudden disruption in the market that causes uncertainty about the future which leads to an increase in the demand for cash on hand. The US government yield curve should be looked at with some reservation however since there is a very large creditor to the US government that has the ability to loan the government an unlimited amount of funds.


"I wrote a little program one time to try to do this.  I think I wrote it in Python or something. The idea was to have a list of ""projected expenses"" where each one would have things like the amount, the date of the next transaction, the frequency of the transaction, and so on.  The program would then simulate time, determining when the next transaction would be, updating balances, and so on.  You can actually do a very similar thing with a spreadsheet where you basically have a list of expenses that you manually paste in for each month in advance.  Simply keep a running balance of each row, and make sure you don't forget any transactions that should be happening. This works great for fixed expenses, or expenses that you know how much they are going to be for the next month.  If you don't know, you can estimate, for instance you can make an educated guess at how much your electric bill will be the next month (if you haven't gotten the bill yet) and you can estimate how much you will spend on fuel based on reviewing previous months and some idea of whether your usage will differ in the next month.  For variable expenses I would always err on the side of a larger amount than I expected to spend.  It isn't going to be possible to budget to the exact penny unless you lead a very simple life, but the extra you allocate is important to cushion unexpected and unavoidable overruns. Once you have this done for expenses against your bank account, you can see what your ""low water mark"" is for the month, or whatever time period you project out to.  If this is above your minimum, then you can see how much you can safely allocate to, e.g. paying off debt.  Throwing a credit card into the mix can make things a bit more predictable in the current month, especially for unpredictable amounts, but it is a bit more complicated as now you have a second account that you have to track that has to get deducted from your first account when it becomes due in the following month.  I am assuming a typical card where you have something like a 25 day grace period to pay without interest along with up to 30 days after the expense before the grace period starts, depending on the relationship between your cut-off date and when the actual expense occurs."


Here. They want the infrastructure to do Jeff Bezos new model of grocety shopping. Which is great, I actually have a desire for some form of grocery delivered. However, when I have a desire for something more farmers market style, I want a Whole Foods style but Id love it at a better price point for everyone.   This does mean there is a market opening for more grocers that are basically indoors farmers market.


The biggest benefit to having a larger portfolio is relatively reduced transaction costs. If you buy a $830 share of Google at a broker with a $10 commission, the commission is 1.2% of your buy price.  If you then sell it for $860, that's another 1.1% gone to commission.  Another way to look at it is, of your $30 ($860 - $830) gain you've given up $20 to transaction costs, or 66.67% of the proceeds of your trade went to transaction costs. Now assume you traded 10 shares of Google. Your buy was $8,300 and you sold for $8,600.  Your gain is $300 and you spent the same $20 to transact the buy and sell.  Now you've only given up 6% of your proceeds ($20 divided by your $300 gain). You could also scale this up to 100 shares or even 1,000 shares. Generally, dividend reinvestment are done with no transaction cost.  So you periodically get to bolster your position without losing more to transaction costs.  For retail investors transaction costs can be meaningful.  When you're wielding a $5,000,000 pot of money you can make your trades on a larger scale giving up relatively less to transaction costs.


"This is the best tl;dr I could make, [original](https://www.vox.com/policy-and-politics/2017/6/27/15879346/study-high-minimum-wage-job-killer-seattle) reduced by 91%. (I'm a bot) ***** > Though there are sound theoretical reasons why a modest hike in the minimum wage might not depress employment, most economists agree that if you set the minimum wage high enough, at some point you will start destroying jobs.  > Arindrajit Dube, an economist at the University of Massachusetts Amherst who studies the minimum wage, has pointed out that Seattle&#039;s new minimum wage is not all that lavish when you take into account the city&#039;s high overall wages.  > The far more controversial interpretation of the University of Washington study is that it might overturn - or at least throw into doubt - much of the past two decades of research on the minimum wage.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6k4thb/university_of_washington_study_shows_that_high/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~154956 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **wage**^#1 **minimum**^#2 **work**^#3 **study**^#4 **research**^#5"


There was some sort of deal like this at LaGuardia, at least I think that's where I was flying out of. They had like 5 restaurants in a big area and I was starving so me and a co-worker are shuffling around trying to figure this whole deal. They had cooks/cashiers or at least that's how they appeared and they were useless, just stared at you like you fucked their mother in front of them when you asked a question.   Eventually we figure out how to order go to sit down. Sit down and some little ass hole sever is like if you order from a machine you can't sit here. My co-worker sees me get hot instantly. He's like it's cool man.   I quickly say, no fuck that guy. He doesn't need to be such a dick. Making sure I'm loud enough to hear me hoping he'd want to take a shot at me. Not finest moment.  Then I saw Hannibal Burress chilling waiting for his flight. All was right in the universe I suppose. I just don't understand the point do one or the other why both? It's not like people aren't already pressed for time. Or just treat people with respect because that's what got me so angry.


"I'm going to ignore your numbers to avoid spending the time to understand them.  I'm just going to go over the basic moving parts of trading an upside down car against another financed car because I think you're conflating price and value.  I'm also going to ignore taxes, and fees, and depreciation. The car has an acquisition cost (price) then it has a value.  You pay the price to obtain this thing, then in the future it is worth what someone else will pay you. When you finance a car you agree to your $10,000 price, then you call up Mr. Bank and agree to pay 10% per year for 5 years on that $10,000.  Mr. Banker wires over $10,000 and you drive home in your car.   Say in a year you want a different car.  This new car has a price of $20,000, and wouldn't you know it they'll even buy your current car from you.  They'll give you $7,000 to trade in your current car. Your current car has a value of $7,000.  You've made 12 payments of $188.71.  Of those payments about $460 was interest, you now owe about $8,195 to Mr. Banker. The new dealership needs to send payment to Mr. Banker to get the title for your current car.  They'll send the $7,000 they agreed to pay for your car.  Then they'll loan you the additional $1,195 ($8,195 owed on the car minus $7,000 trade in value).   Your loan on the new car will be for $21,195, $20,000 for the new car and $1,195 for the amount you still owed on the old car after the dealership paid you $7,000 for your old car. It doesn't matter what your down-payment was on the old car, it doesn't matter what your payment was before, it doesn't matter what you bought your old car for.  All that matters is how much you owe on it today and how much the buyer (the dealership) is willing to pay you for it. How much of this is ""loss"" is an extremely vague number to derive primarily because your utility of the car has a value.  But it could be argued that the $1,195 added on to your new car loan to pay for the old car is lost."