"Some thoughts: 1) Do you have a significant emergency fund (3-6 months of after-tax living expenses)? If not, you stand to take a significant loss if you have an unexpected need for cash that is tied up in investments. What if you lose/hate your job or your car breaks down? What if a you want to spend some time with a relative or significant other who learns they only have a few months to live? Having a dedicated emergency fund is an important way to avoid downside risk. 2) Lagerbaer has a good suggestion. Given that if you'd reinvested your dividends, the S&P 500 has returned about 3.5% over the last 5 years, you may be able to get a very nice risk-free return.  3) Do you have access to employer matching funds, such as in a 401(k) at work? If you get a dollar-for-dollar match, that is a risk-free pre-tax 100% return and should be a high priority. 4) What do you mean by ""medium"" volatility? Given that you are considering a 2/3 equity allocation, it would not be at all out of the realm of possibility that your balance could fall by 15% or more in any given year and take several years to recover. If that would spook you, you may want to consider lowering your equity weights. A high quality bond fund may be a good fit. 5) Personally, I would avoid putting money into stocks that I didn't need back for 10 years. If you only want to tie your money up for 2-5 years, you are taking a significant risk that if prices fall, you won't have time to recover before you need your money back. The portfolio you described would be appropriate for someone with a long-term investment horizon and significant risk tolerance, which is usually the case for young people saving for retirement. However, if your goals are to invest for 2-5 years only, your situation would be significantly different.  6) You can often borrow from an investment account to purchase a primary residence, but you must pay that amount back in order to avoid significant taxes and fees, unless you plan to liquidate assets. If you plan to buy a house, saving enough to avoid PMI is a good risk-free return on your money. 7) In general, and ETF or index fund is a good idea, the key being to minimize the compound effect of expenses over the long term. There are many good choices a la Vanguard here to choose from. 8) Don't worry about ""Buy low, sell high"". Don't be a speculator, be an investor (that's my version of Anthony Bourdain's, ""don't be a tourist, be a traveler""). A speculator wants to sell shares at a higher price than they were purchased at. An investor wants to share in the profits of a company as a part-owner. If you can consistently beat the market by trying to time your transactions, good for you - you can move to Wall Street and make millions. However, almost no one can do this consistently, and it doesn't seem worth it to me to try. I don't mean to discourage you from investing, just make sure you have your bases covered so that you don't have to cash out at a bad time. Best of luck! Edit Response to additional questions below. 1) Emergency fund. I would recommend not investing in anything other than cash equivalents (money market, short-term CDs, etc.) until you've built up an emergency fund. It makes sense to want to make the ""best"" use of your money, but you also have to account for risk. My concern is that if you were to experience one or more adverse life events, that you could lose a lot of money, or need to pay a lot in interest on credit card debt, and it would be prudent to self-insure against some of those risks. I would also recommend against using an investment account as an emergency fund account. Taking money out of investment accounts is inefficient because the commissions/taxes/fees can easily eat up a significant portion of your returns. Ideally, you would want to put money in and not touch it for a long time in order to take advantage of compounding returns. There are also high penalties for early disbursements from retirement funds. Just like you need enough money in your checking account to buy food and pay the rent every month, you need enough money in an emergency fund to pay for things that are a real possibility, even if they are less common. Using a credit card or an investment account is a relatively expensive way to do this. 2) Invest at all? I would recommend starting an emergency fund, and then beginning to invest for retirement. Once your retirement savings are on track, you can begin saving for whatever other goals you may have"


Possibly living beyond her means but I assume that was the business gross and 300K in Utah is not that great. I have no idea what the margin is in the plant nursery business or how many employee's she had but I bet her personal income was closer to 100K. Once people stopped buying plants to fix up their homes to flip it was all over for her I'm sure.   The bigger problem is that this is playing out for millions of other people that relied on housing for an income from real estate sales people, loan brokers, builders, construction workers simply everything downstream of housing has been hit hard and many many people are in this same boat or soon will be.   The really bad thing is there is no quick fix for all these people as housing is not coming back for years if not decades. So basically we have a whole segment of the economy that has been decimated and these people have no where to turn. It's not going to be pretty any way you look at it.


"I really dont understand your argument man. Most people ""escape"" in alot of ways alcohol being the most popular why dont you find issue with this ?    >Or that tons of people here use and don't want to see that its not necessarily a good thing.   Im assuming u live in the la area as do i almost 60% of this state voted for legalization and 60% of our nation approves of legalzation according  to polls  http://www.gallup.com/poll/196550/support-legal-marijuana.aspx  Fact is a ton more people feel the opposite way that you do. There is absoulety no compelling evidence that suggests that mj is more dangerous than legal substances like tobacco and alcohol in fact quite the opposite. So i honestly have to say your stance is quite baffling i tend believe people like just dont personally enjoy mj."


"Kind of a silly question asking ""YOU"" to rank stony brook, kind of subjective. If this is your path, then 4.0 in math based subject, ____________ engineering, econ, finance ect.... You're close to NYC so internship YEAR FUCKING ROUND, work a few years and then head to Top 5 MBA."


There's this thing called google. It's amazing how it's developed in the last 13 years. Some say it has indexed all publicly available information on the internet, and even some books too. It has absolutely decimated it's competition in the search engine market making sites like excite.com and webcrawler.com a thing of the past.  TL;DR do your own fucking research


First, if it's just about the income limit, you can deposit to a regular IRA and soon after (like next day) convert it to a Roth. So long as you have no pretax IRA money out there, there will be no tax consequence, a cent on a day's interest, perhaps.  As far as the 401(k) goes, are the options any good? Some 401(k) investment choices are so awful it's best to stop after getting full matching. Mine has an S&P index fund with a .05%/yr expense ratio. That's less than I can find in the best ETF out there.  Keep in mind, if you invest long term, the dividends are favored, 15% rate, and the capital gain is both controllable (you decide when to take it, by selling) and also favored, 15%. The magic of 401(k) and IRAs, whatever kind is a bit overplayed in the media. Your investing rate and asset choices are far more important.


Listen Snowflakes, the world was punishing the USA for 8 years during obama the jihadist's reign of terror. Where were you then?  Trump is now getting it all back. Just sit back, keep puffing on your bong with fruit loops water, and relax and watch The Donald roll and fix all the things you and obama fucked us on.


Global Trade Connect is most common and popular website for the business in the United States because here is easy to start and manage for any company's product and service. If you are fighting to search the profitable products for the reselling in online, then you need to spot unique products before using given Wholesale trade. You should always cross check by finding the same products at the different marketplace.You need to plan carefully that how you can beat a competition.


">Wait, how is ""selling more cars"" equivalent to the ""peak of culture""? I fail to agree that American culture reached a peak 40 years ago. Frankly, I think I'd be pretty bored if I were thrown back to 1969, even though it seemed pretty exciting at the time.  Maybe I should have said the peak of American society and productive business.  You don't find it odd that the year when the most cars were sold in the US was over 40 years ago despite a doubling of the population?  That means people don't buy cars as often as they are not as financially able to anymore.  People with lots of money buy new cars, poor people don't.   Google and iphones are all well and good but how many of today's business success stories provide valuable services to society? Fewer and fewer."


"No, it doesn't look like you can use the employee benefit to pay for parking near your home. The definition for ""qualified parking"" is in the Internal Revenue Code Section 132 (""Certain Fringe Benefits"") (f) (5) (c): (C) Qualified parking The term “qualified parking” means parking provided to an employee on or near the business premises of the employer or on or near a location from which the employee commutes to work by transportation described in subparagraph (A), in a commuter highway vehicle, or by carpool. Such term shall not include any parking on or near property used by the employee for residential purposes.  Parking near your home is explicitly excluded. Your employer's human resources department can probably provide information on the details of where you can park and get reimbursement."


Look into the asset allocations of lifecycle funds offered by a company like Vanguard. This page allows you to select your current age and find a fund based on that. You could pick a fund, like the Target Retirement 2055 Fund (ages 21-25), and examine its allocation in the Portfolio & Management tab. For this fund, the breakdown is: Then, look at the allocation of the underlying funds that comprise the lifecycle fund, in the same tab.  Look at each of those funds and see what asset allocation they use, and that should give you a rough idea for an age-based allocation. For example, the Total Stock Market Index Fund page has a sector breakdown, so if you wanted to get very fine-grained with your allocation, you could. (You're probably much better off investing in the index fund, low-cost ETFs, or the lifecycle fund itself, however; it'll be much cheaper).  Doing this for several lifecycle funds should be a good start. Keep in mind, however, that these funds are rebalanced as the target date approaches, so if you're following the allocation of some particular funds, you'll have to rebalance as well. If you really want an age-based allocation that you don't have to think about, invest in a lifecycle fund directly. You'll probably pay a lower expense ratio than if you invested in a whole slew of funds directory, and it's less work for someone who isn't comfortable managing their portfolio themselves. Furthermore, with Vanguard, the expense ratios are already fairly low.  This is only one example of an allocation, however; your tolerance of risk, age, etc. may affect what allocation you're willing to accept.  Full disclosure: Part of my Roth IRA is invested in the Target 2055 fund I used as an example above, and another part uses a similar rebalancing strategy to the one I used above, but with Admiral Share funds, which have higher minimum investments but lower expense ratios.


"Correcting Keith's answer (you should have read about these details in the terms and conditions of your bank/broker): Entrustment orders are like a ""soft"" limit order and meaningless without a validity (which is typically between 1 and 5 days). If you buy silver at an entrustment price above market price, say x when the market offer is m, then parts of your order will likely be filled at the market price.  For the remaining quantity there is now a limit, the bank/broker might fill your order over the next 5 days (or however long the validity is) at various prices, such that the overall average price does not exceed x. This is different to a limit order, as it allows the bank/broker to (partially) buy silver at higher prices than x as long as the overall averages is x or less.  In a limit set-up you might be (partially) filled at market prices first, but if the market moves above x the bank/broker will not fill any remaining quantities of your order, so you might end up (after a day or 5 days) with a partially filled order. Also note that an entrustment price below the market price and with a short enough validity behaves like a limit price. The 4th order type is sort of an opposite-side limit price: A stop-buy means buy when the market offer quote goes above a certain price, a stop-sell means sell when the market bid quote goes below a certain price. Paired with the entrusment principle, this might mean that you buy/sell on average above/below the price you give. I don't know how big your orders are or will be but always keep in mind that not all of your order might be filled immediately, a so-called partial fill.  This is particularly noteworthy when you're in a pro-rata market."


"> Didn't these guys get their covers blown? Your statement refutes itself.  How? I'm saying Cash can be used *just the same*, and the point of 'bitcoin is anonymous' glosses over the logistics of purely anonymous trade. The second you come out of the darkweb into the real word which you flat out must unless you intend to trade in small amounts and never pay taxes/trade for anything in the 'light' then the chain will be follow able back to the invisible now not so anonymous wallet. IE the wallet is only anonymous if it only does business with other wallets that stay in the darknet which doesn't happen and doesn't happen with cash either - see Panama papers.  >  Also, offshore banking ""safe havens"" frequently give away records to authorities, which most recently led to arrest of piracy website admins e.g. kickasstorrents  Right which is the same as Bitcoin? IE Bitcoin doesn't fund terrorism anymore than Cash does and is no harder or easier to discern one from the other = Therefore the comparison is stupid and theater for the stupid."


If you've never had a credit card before a likely reason can be due to lack of credit history. You can apply for a department store card. Nordstroms, Macy's, Target will often grant a small line of credit even with no history. Target would be my first attempt as they have a wide selection of every day items, improving your usage on the card. If you've been denied due to too many applications, then you need to wait 18-24 months for the hard pulls to drop off your credit report before you apply again.


"As the answer above states, future inflation mitigates ""unwise"" for a longer term mortgage, at least in financial-only terms.  But consider that, if you lose your ability to make payments for long enough time ANYTIME during term, the lending institution has a right to repossess, leaving you with NOTHING or worse for all the maintenance you've had to do.  You can never know, but eleven years into my mortgage, I lost enough of my income for just long enough time to have to sell for just enough to pay the remainder of the mortgage and walk away with empty pockets.   To help clarify understanding even better, contrast the 30-yr mortgage with the other extreme: save up and own from day one.  When I did the math a few years ago, buying with a 30-year mortgage would cost cumulatively almost 3 times the real house value in mortgage payments with never the freedom to suspend payments when I might need to.  Being a freedom-loving American, I determined to buy a house with cash.  DON'T FORGET that mortgageable properties are over-priced just because buyers less wise than you are so willing to borrow to buy them, so I decided to buy some fixer-upper that no bank would lend on.  I found such a fixer-upper, paid cash, never have to worry about repossession by a lender, can continue to save up for my dream home which I'll own a lot sooner, and will have a nice increase in house value while I fix it up to help get me there, and NO INSURANCE PAYMENTS to some insurer who'll tell me what I can't do with MY property. Let the next buyer of your fixed-up, paid-off house pay YOU the over-priced amount they are willing to pay just because THEY can get that 30-year mortgage, and you enjoy the freedom to dream and adjust your budget to the needs of the moment and end up with a house in 30 years (15, more realistically) that is 2.5 times more valuable.  And keep from fighting with your spouse over finances in the meantime."


Stock options represent an option to buy a share at a given price.  What you have been offered is the option to buy the company share at a given price ($5) starting a given date (your golden handcuffs aka vesting schedule). If the company's value doubles in 1 year and the shares are liquid (i.e. you can sell them) then you've just made $125k of profit.  If the company's value has gone to zero in 1 year then you've lost nothing other than your hopes of getting rich. As others have mentioned, the mechanics of exercising the option and selling the shares can typically be accomplished without any cash involved.  The broker will do both in a single transaction and use the proceeds of the sale to pay the cost of buying the shares.  You should always at least cover the taxable portion of the transaction and typically the broker will withhold that tax anyways.  Otherwise you could find yourself in a position where you have actually lost money due to tax being owed while the shares decline in value below that tax.  You don't have to worry about that right now. Again as people have mentioned options will typically expire 10 years from vesting or 90 days from leaving your employment with the company.  I'm sure there are some variations on the theme.  Make sure you ask and all this should be part of some written contract.  I'm sure you can ask to see it if you wish.  Also typical is that stock option grants have to be approved by the board which is normally a technicality. Some general advice:


I would not claim to be a personal expert in rental property. I do have friends and family and acquaintances who run rental units for additional income and/or make a full time living at the rental business.  As JoeTaxpayer points out, rentals are a cash-eating business. You need to have enough liquid funds to endure uncertainty with maintenance and vacancy costs. Often a leveraged rental will show high ROI or CAGR, but that must be balanced by your overall risk and liquidity position. I have been told that a good rule-of-thumb is to buy in cash with a target ROI of 10%. Of course, YMMV and might not be realistic for your market. It may require you to do some serious bargain hunting, which seems reasonable based on the stagnant market you described. Some examples: The main point here is assessing the risk associated with financing real estate. The ROI (or CAGR) of a financed property looks great, but consider the Net Income. A few expensive maintenance events or vacancies will quickly get you to a negative cash flow. Multiply this by a few rentals and your risk exposure is multiplied too!  Note that i did not factor in appreciation based on OP information. Cash Purchase with some very rough estimates based on OP example Net Income = (RENT - TAX - MAINT) = $17200 per year Finance Purchase rough estimate with 20% down Net Income = (RENT - MORT - TAX - MAINT) = $7500 per year


Money advances are prepared for individuals who require a brief budget to aid include anything inevitable prior to their particular up coming salary. The money alone is comparable to other kinds of credit score, good results . right after to be short-term and extremely quickly. The particular pay day typically has to be paid back for the particular date of the up coming salary.


I will get one and use it, these are things that are american, and values I support, not the things politicians or newspapers are spewing, but just hey we are humans, we care for you and ours, please if you need to get something they make, try and get one if you think they are something you agree with.


You can make a rough calculation of the annual turnover rate of stocks by calculating the institutional investors holding of that stock. Institutional investors are the only firms that are required to provide such data. The good this is they usually make the lion share of trading activity. On the other hand, this task might proof arduous   A different ratio that could be used as a substitute Share Turnover which is calculated as:  Share Turnover gives the number of shares traded as a fraction of the number of shares outstanding. For example, if you compare the results of stock turnover for three companies and the results came as follows:  Company A-share turnover: 1.5 Times Company B share turnover: 3 times Company C share turnover: 0.3 times From the results, we can conclude that for a particular period, company C had the least activity and the number of shares traded for that period was only a small fraction of the shares outstanding while other traders of company C hold most shares and never trade them. If you make a cross sectional analysis of a list of businesses you intend to invest in, you could figure which one has the least number of rapidity in the shares traded.


"I dug up an old article on Motley Fool and one approach they mention is to get the stock certificates and then sell them to a friend: If the company was liquidated, you should receive a 1099-DIV form at    year's end showing a liquidating distribution. Treat this as if you   sold the stock for the amount of the distribution. The date of ""sale""   is the date that the distribution took place. Using your original cost   basis in the shares, you can now compute your loss. If the company hasn't actually been liquidated, you'll need to make   sure it's totally worthless before you claim a loss. If you have   worthless stock that's not worth the hassle of selling through your   broker, you can sell it to a friend (or cousin, aunt, or uncle) for   pennies. (However, you can't sell the stock to a spouse, siblings,   parents, grandparents, or lineal descendants.) Here's one way to do   it: Send the certificate to your stock-transfer agent. Explain that the shares have been sold, and ask to cancel the old shares and issue   a new certificate to the new owner. Some brokerages will offer you a quicker alternative, by buying all of your shares of the stock for a penny. They do it to help out   their customers; in addition, over time, some of the shares may   actually become worth more than the penny the brokers paid for them. By selling the shares, you have a closed transaction with the stock and can declare a tax loss. Meanwhile, your friend, relative, or   broker, for a pittance, has just bought a placemat or birdcage liner."


Wow man! Godspeed. As long as you have a plan to ultimately go grand and strictly stick to your planned timelines, I'm happy for you in all cases...however, while you are at it, do not forget to start your family and settling down as well. Keep a balance in life and don't let the life Pass by on a single track.. Best wishes and regards...


One other advantage of a 529 versus a simple investment account (like an UGMA/UTMA) is that the treatment for the purposes of financial aid is more advantageous (FinAid.org). Even if it is a custodial account (in which the student is both the owner and beneficiary), it is treated as a parental asset when completing the FAFSA. That means the amount that will be considered available each year towards the Estimated Family Contribution (EFC) will be greatly reduced. To be sure, this does not help with all colleges (often ones that use the CSS/PROFILE in addition to the FAFSA). Some will simply assume that 25% of the 529 will be used each year.


I like your Bill Cosby 'Huckstable' style explanation, but it's just not right. When your back is against the wall, things happen differently, more dynamically with unpredictable stuff going on. Like people helping you out and you helping people out. And other stuff...odd jobs, garage sales, etc.


> Umm, one of the benefits of creating a corporation is to keep personal money separate from the business.  you missed the key statement from that little link you posted. Here, I'll help you out:  > An owner of a corporation can be held personally liable if he or she:  personally guarantees a bank loan or a business debt on which the corporation defaults  And for a brand new company, you can sure as shit guarantee that as an owner, you'll be held personally liable.


"Theres a difference between being ""materially better"" and having deep knowledge of company politics as part of your job.   A manager should be much more aware of how each person contributes to the whole, what their stengths are, who to talk to about what, and how, and why. Thats why non-managerial level people are called ""individual contributors"" -- they're focused on doing their part. Where-as managers are focused on how all of the individual contributors work together.  Its not about being ""materially better"" it's about delegation of task types and workflows."


The difference is ordinary income. If the price drops and you sell for exactly what you paid, you have an income of D and a capital loss of D which usually cancel each other, but not always. For example, if you already have over $3000 in losses, this loss won't help you, it will carry forward.  The above changes a bit if you hold the stock for 2 years after the beginning of the purchase period. If sold between your purchase price and fair market the day you bought, the gain is only the difference, no gain to fair market + loss.   Pretty convoluted. Your company should have provided you with a brief FAQ / Q&A to explain this.  My friends at Fairmark have an article that explains the ESPP process clearly, Tax Reporting for Qualifying Dispositions of ESPP Shares.


You understand that inhalation/smoking isn't the only route of administration for THC (active drug in pot), right? Pseudo-Pharmaceutical grade cannabinoid extractions are already used as medication for those with excruciating GI issues, glaucoma and seizure disorders.   The only reason smoking the buds is the preferred method of consumption is because it's the base form and easy to come by. It's (typically) too expensive for one to refine the drug themselves, too risky legally or too dangerous without a controlled laboratory setting. Due to the length of its illegality, extensive research is prohibited to even determine what benefits it could even have in these forms.   You have no idea what therapeutic dosing or high grade cannabinoids could even do because no one is allowed to do it. Especially not doctors trying to keep their medical licenses.   Also I disagree that the benefits of opioids outweigh the side effects. That's why we're having the opioid crisis in the first place. Highly addictive and can lead to overdose. While there is no single case of THC overdose.   (Forensic drug chemist here, not talking out my ass)


The key idea he should focus on is that every debt includes interest - the money he didn't borrow, but now owes. The interest goes straight to the lender pocket and the debtor has to get money somewhere for that interest. That's the key reason of why getting another loan only increases pressure on the debtor - with the new loan he owes new interest in addition to what he already owed.


Usually the amount of the ESPP stocks is very small compared to the overall volume of the trading, so it shouldn't matter. But check if for your company it not so (look at the stock history for the previous ESPP dates, and volumes).


> related to management compensation, public disclosures, investor liquidity, and portfolio concentration and use of leverage.  Could you discuss why the lack of restrictions on these subjects would make hedge funds more attractive to wealthy investors as opposed to mutual funds?


You should invest a trivial (<500$USD) amount of money in a stock portfolio. If you aren't able to make more on the market than the interest rates of your loans, you are losing money. This question has discussed this topic as well.


I'd like to provide ideas other than gold, stocks, property, bonds on how to prepare for a severe crisis. My suggestions below may even make your life more happy now.


"This seems to depend on what kind of corporation you have set up. If you're set up as a sole proprietor, then the Solo 401k contributions, whether employee or employer, will be deducted from your gross income.  Thus they don't reduce it. If you're set up as an S-Corp, then the employer contributions, similar to large employer contributions, will be deducted from wages, and won't show up in Box 1 on your W-2, so they would reduce your gross income.  (Note, employee contributions also would go away from Box 1, but would still be in Box 3 and 5 for FICA/payroll tax purposes). This is nicely discussed in detail here. The IRS page that discusses this in more (harder to understand) detail is here. Separately, I think a discussion of ""Gross Income"" is merited, as it has a special definition for sole proprietorships. The IRS defines it in publication 501 as: Gross income.    Gross income is all income you receive in the form of money, goods, property, and services that is not exempt from tax. If you are married and live with your spouse in a community property state, half of any income defined by state law as community income may be considered yours. For a list of community property states, see Community property states under Married Filing Separately, later. Self-employed persons.    If you are self-employed in a business that provides services (where products are not a factor), your gross income from that business is the gross receipts. If you are self-employed in a business involving manufacturing, merchandising, or mining, your gross income from that business is the total sales minus the cost of goods sold. In either case, you must add any income from investments and from incidental or outside operations or sources. So I think that regardless of 401(k) contributions, your gross income is your gross receipts (if you're a contractor, it's probably the total listed on your 1099(s))."


You are not perfectly clear, but I will assume that your ex-girlfriend owns the car and that her name is the only one on the title. The fact that you paid off the loan and repaired the car is completely irrelevant. From a court's point of view you gifted the car to your girlfriend. If you are listed on the title, then your best move is to steal the car and hide it so she can't steal it back. Note that you are not actually stealing it if you are listed on the title since you own the car. (Try to steal it when it is parked in some public place. Avoid going onto her property.) Wait until she gets hungry, then offer her $500 if she agrees to remove her name from the title. By the way, after you steal the car, send a certified letter to her informing her that you have possession of the car. This is so that she has no grounds to report it stolen. Check with the police periodically to make sure she doesn't report it stolen anyway. If she reports it stolen AFTER you have notified her that you have possession, then it is a crime (making a false report).


"Retail stores are certainly ""winning"" and when online shopping starts winning they will switch to that, Walmart can easily deliver anything you want in 15 minutes to 90% of the US population and so can CVS and many other stores. They don't because it's way more profitable to have you come into a store. Amazon is HUGE online, they are like a giant compared to everything else except eBay, but realistically they are about like a Walgreens, which is a big retail store, but not huge. Except that Walgreens made 2 Billion dollars last year and Amazon's retail side lost money. If online shopping ever starts killing real retail they can switch to delivery super easily."


"This is the best tl;dr I could make, [original](https://www.theguardian.com/commentisfree/2017/sep/04/britain-addicted-debt-crash-2007-sub-prime-mortgages-personal-credit) reduced by 93%. (I'm a bot) ***** > This is, of course, what determined the depth of the last crash, the wheeze of the collateralised debt obligation, which left no one able to distinguish between a good debt and a bad one.  > Alex Brazier, executive director of financial stability at the Bank of England, warned last month that consumer loans had gone up by 10% in the past year, with average household debt having already eclipsed 2008 levels.  > Student loan debt is counted separately from consumer loans, and stands at &pound;13bn a year.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6y43cq/we_are_addicted_to_debt_and_headed_for_a_crash_it/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~204396 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*: **debt**^#1 **know**^#2 **year**^#3 **much**^#4 **loan**^#5"


sorry, I didn't know how to do the thing about getting around a pay wall and I also couldn't find the article from a different source.  Me being me, I tend to look at it as spreading information either way, as unperfect as my own method is.


Generally speaking:   401k good. Whole life bad.  You'll come out ahead if you buy term life (which will cost like 10% of what whole life costs) and invest the other 90% that you would have paid in premium.  The only merit that whole life has is if you're estate planning and and want to leave your kids a ton of money, tax free.   If you're thinking about saving money for yourself, whole life is not a good choice.


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Dalam memulai sebuah usaha diperlukan kerja keras dan membuat suatu persiapan yang matang serat mental yang kuat, jangan asal – asalan dalam memulai sebuah usaha karena nanti yang anda alami tidak sesuai yang anda harapkan. Berikut ini kami akan bagi tips dan langkah – langkah dalam membuka usaha konter pulsa.  1. Modal yang diperlukan dalam usaha konter pulsa Modal merupakan hal utama yang dipersiapkan untuk memulai sebuah usaha agar kita bisa menetukan jumlah besaran modalnya. hal itu untuk menentukan Anda nanti mau buka konter pulsa yang seperti apa, apakah mau jualan pulsa saja atau jualan pulsa aksesoris dan HP?, Saya sarankan bagi pemula yang baru terjun usaha konter pulsa jangan berjulan HP dahulu karena memerlukan modal yang cukup banyak.  Modal awal yang di perlukan untuk membuka konter pulsa antara lain : Tempat, alat untuk berjualan, stok pulsa, alat promosi, dan biaya opresional.


> He seemed to be pointing out that the Fed may accidentally make things worse by looking at averages instead of drilling down into the quintiles.  I think this is exactly what he's saying, but he doesn't provide what his solution would be if he was running the Fed. He's spoken about it in some recent interviews. There's one with Bloomberg that was 60+ minutes long and he's basically under the impression that we made our bed, there's no going back now. Nothing the Fed can do at this point but let the markets do what they need to do. Tightening too fast now might cause the next recession (starting with the high yield credit market IMO). On the other hand, no tightening really ties their hands when the recession comes and they're left with either another round of QE, which may have the opposite effect of what is intended, or just sit back and watch the fire.


">For example, typically in IT management loves the idea of RAD, but what it often means is that they want to start before they understand the scope of the problem, let alone the requirements.  Let alone the most efficient & effective solution.  >It tends to be the big projects that end up being screwed up. Smaller stuff is easier, but it takes a lot of skills to manage the production of large and complex systems or pieces of engineering.  Spot on.  I've seen so many companies piss away countless dollars and years of ""work"" (sometimes in the *million$* and more) in ""big project"" attempt #1 ... then, again, in ""BIGGER better"" attempt #2 ... until they finally realize that there will be no ""silver bullet"", and so attempt #3 finally figures out what REALLY needed to be done and moves ahead to do it. (Of course that is in the companies that managed to survive attempts #1 & #2, and didn't completely FUBAR everything in the process.)"


Success is not defined by how much money you make or how many hours you put in. It's defined by health and happiness, and it really sounds like you're a raving maniac, so I don't think we can put you down for either of those.  Or you could just be trolling.


Here is a nice overview from Vanguard on some options for a small business owner to offer retirement accounts.   https://investor.vanguard.com/what-we-offer/small-business/compare-plans I would look over the chart and decide which avenue is best for you and then call around to investment companies (Vanguard, Fidelity, etc. etc.) asking for pricing information.


You are correct that over a short term there is no guarantee that one index will out perform another index. Every index goes through periods of feat and famine. That uis why the advice is to diversify your investments. Every index does have some small amount of management. For the parent index (the S&P 500 in this case) there is a process to divide all 500 stocks into growth and value, pure growth and pure value. This rebalancing of the 500 stocks occurs once a year. Rebalancing The S&P Style indices are rebalanced once a year in December. The   December rebalancing helps set the broad universe and benchmark for   active managers on an annual cycle consistent with active manager   performance evaluation cycles. The rebalancing date is the third   Friday of December, which coincides with the December quarterly share   changes for the S&P Composite 1500.  Style Scores,   market-capitalization weights, growth and value midpoint averages, and   the Pure Weight Factors (PWFs), where applicable across the various   Style indices, are reset only once a year at the December rebalancing. Other changes to the U.S. Style indices are made on an as-needed   basis, following the guidelines of the parent index. Changes in   response to corporate actions and market developments can be made at   any time. Constituent changes are typically announced for the parent   index two-to-five days before they are scheduled to be implemented. Please refer to the S&P U.S. Indices Methodology document for   information on standard index maintenance for the S&P 500, the S&P   MidCap 400,the S&P SmallCap 600 and all related indices. As to which is better: 500, growth,value or growth and value? That depends on what you the investor is trying to do.


Don't worry about Buffett. I have a feeling this will be like Wells Fargo in the 90s where Buffett will make 1000% his investment by the end of the next decade.  You can hate them all you want, but does anybody really think that Bank of America is going away? This is like when BP supposed caused a trillion of dollars in damage, and the market cap fell something like 140 billion. In the end, it's probably only going to cost them $20 billion. Life is already going on for the oil spill. Bank of America will get some more hate for a while. They'll get tons of lawsuits, but they'll probably settle for something like $30 billion (one year's earnings).  In two or three years, you'll have a company earning $30 billion that is current valued at $50 billion. It's been 4 years since the bubble burst in 2007. Most of the crappy loans are gone already (either defaulted/written off or if they have been paying for 4 years then they are not really crappy at all). There are 4 years worth of prime loans on the books. In 2007, people assumed the somewhat opaque book of loans (mostly subprime) is worth 100 cents on the dollar. Today, people are assuming that the somewhat opaque book of loans (mostly prime) is worth 0 cents on the dollar. Just look around Reddit and see what people are saying about the banks' financial condition, even though they never read any SEC filings or analyst reports. I think (and apparently Buffett also thinks) that the book is worth something between 0 and 100, likely in the upper end.


Everyone loves the party and surprises, but children’s are more affectionate about party and surprises. If you want to organize a party on your Childs birthday then party magician is the great idea, Magicians are people who create little magic and tricks for making children happy, even adults are also enjoy the magician.


All the years I worked in retail I busted my ass to make sure the customer was happy.  Even if I wasn't paid well I did what I could to make the day of everyone I interacted with a little better. Doing my damnedest to keep altruism alive.


Y'all have your language switched around here. An unqualified audit opinion is the best, meaning the auditor believes the financial statements are free from material misstatement. Illuminate is correct though, that firms can be reluctant to issue qualified or worse opinions. Issuing such an opinion can lead to bad client relations and, worst of all, a lost client. However, if it comes down to the line, a firm will more likely drop a client instead of issuing a qualified or worse opinion, as those open up the doors to litigation.


"The statement ""America has no manufacturing"" is always meant as hyperbole. However I keep reading of people who seem to actually believe it in a literal sense.  I remember once posting in an internet forum (probably Reddit) that if the US Dollar drops, US manufacturing will be in greater demand around the world and help exports. Someone then came along and replied ""But the US doesn't manufacture anything any more!"" in a sort of helpless arms thrown in the air way."


If your business name is your name, you are automatically considered a sole-proprietorship and any income you generate and expenses you incur can be calculated on your personal tax return. You can use QuickTax Home & Business tax software to lead you through the steps; you don't even need an accountant. One drawback of a sole-proprietorship in your name is liability. You are personally responsible for the business because you are the business. If you get sued, you can lose everything. To limit that liability you can look into opening a corporation. If the corporation gets sued you are insulated from that; the corporation goes bankrupt, not you. A lawyer and an accountant will be required to give you solid advice on this direction.


I don't agree. Over regulation acts as a natural barrier to entry so that only the richest of companies can afford to be in compliance - effectively shutting off markets from entrants and small business owners. Going to one extreme or the other is harmful. That is why I am a believer in promoting free and open markets with laws and regulations that discourage monopolies.


I once had a boss who was given a lump sum to distribute to the managers, himself included. He fucked us all over to give himself a bigger bonus.  His excuse for cutting my bonus: I didn't work over Christmas. Note, I had scheduled jaw surgery over Christmas and had given them months of notice.


People like you who despise socialism misunderstand the concept. It's not all or nothing, a nation can be both socialist and capitalist. A pure socialist state will likely fail, as would a purely capitalist one. If we were pure capitalist all roads would be toll roads, the police would only be for hire, anyone disabled and not wealthy would die in the street, schools are only for the wealthy, etc. But idk it sounds like that would be your preference


The American middle class came into being after WW2 ended and the govt relaxed it's economic restraints. The highest % of workers making min wage was 13.4% in 1979.  http://www.seattletimes.com/business/real-estate/after-brief-slowdown-seattle-area-rents-surge-back-up-again-when-will-it-end/  >>Seattle is expecting nearly 9,000 new apartments this year — thousands more than any year in the city’s history — with even busier construction forecasts set for 2018 and 2019.   >>“Given all this new supply, we expect the rental market will soften over the next couple of years,” Dupre + Scott said in its new report.  >>Some of the construction is already making an impact.  >>Neighborhoods where a lot of apartments have been built — like the greater downtown Seattle area, Ballard and Capitol Hill — all saw rents increase only about 5 percent year-over-year, well below the regional average, according to Dupre + Scott.  >>On the other end, the biggest rent increases were generally in outlying areas, which have seen barely any new apartment buildings even as they generate more interest from locals priced-out of Seattle and the Eastside.


"Gandhi said once, that no body is a bigger threat to you than yourself.   The point is , if communists and socialist governments were doomed to fail, which they did, USA wouldn't have to spend a dollar towards its fall.  But I understand, sometimes you buy insurance just to be safe and to ""aid""/help the fall."


"There's a ""conflict of interest"" in a company suggesting to consumers when its product may not be at its intended quality? Jesus fucking Christ. This independent company you desire is often referred to as ""you"" - your nose, mouth, eyes...are you going to throw something away for no other reason than a date on a label? What the fuck is going on?!?"


Not at all surprised. For those of you who don't know, a while back Sears was bought out by Kmart, which was itself previously purchased by an eighties-style pump-and-dump group of investors.  They've done nothing but gut both brands for all they're worth.


Very subjective question. some may do it in the first year, some lose money all their life. Some make a fortune and then lose it. Investing time is only a small part of it. some people can never do it just because investing is not for everyone. Just like any other business. or you can invest into t-bill and CDs, you'll be profitable from day one.


"Get everything in writing. That includes ownership %, money in, money out, who is allowed to use the place, how much they need to pay the other partners, who pays for repairs, whether to provide 'friends and family' discounts, who is allowed to sell, what happens if someone dies, how is the mortgage set up, what to do if one of you becomes delinquent, etc. etc. etc. Money and friends don't mix. And that's mostly because people have different ideas in their head about what 'fair' means. Anything you don't have in writing, if it comes up in a disagreement, could cause a friendship-ending fight. Even if you are able to agree on every term and condition under the sun, there's still a problem - what if 5 years from now, someone decides that a certain clause isn't fair? Imagine one of you needs to move into the condo because your primary residence was pulled out from under you. They crash at the condo because they have no where else to go. You try to demand payment, but they lost their job. The agreement might say ""you must pay the partnership if you use the condo personally, at the standard monthly rate * # of days"". But what is the penalty clause - is everything under penalty of eviction, and forced sale of the condo and distribution of profits? Following through on such a penalty means the friendship would be over. You would feel guilty about doing it, and also about not doing it [at the same time, your other partner loses their job, and can't make 1/3rd of the mortgage payments anymore! They need the rent or the bank will foreclose on their house!] etc etc etc Even things like maintenance - are the 3 of you going to do it yourselves? Labour distributed how? Will anyone get a management fee? What about a referral fee for a new renter? Once you've thought of all possible circumstances and rules, and drafted it in writing, go talk to a lawyer, and maybe an accountant. There will be many things you won't have considered yet, and paying a few grand today will save you money and friends in the future."


"Your own site/business. I’m in freelancing and internet business for 15 years, 20 years IT experience. Currently i use freelance websites for cheap Asian employees, very seldom for EU/USA employees, and if only if local competition is heavily out-pricing qualified staff. Till I went ""limited"" i.e., founded a limited corporation I was jobbing as freelancer and sole proprietor, both with limited success due to the strong Asian competition i myself currently hire. The point where freelancing got ""not sustainable"" as primary income was 2006 for me, don’t want to get into detail but every freelancer who was active back then knows what I mean, it was like whole India got internet. If you have absolutely no references, do it for the references a limited time and see the fee you pay as service for you to get references, then start your own web identity, either as freelancer or as corporation. Make sure you take your very satisfied customers with you. Every ""very satisfied"" customer in your contact list means 10 new customers which mean 2 new customers which mean 0.2 new customers and so on. Honestly, this info is solely based on experience of this niche fro ma European citizen perspective, if you’re based anywhere else the situation might be totally different."


Algorithmic trading at www.quantopian.com or www.quantconnect.com  great for getting exposure and building a portfolio of work. I started at 19 and got very into it (75+ hours a week)... not the best for my grades but good for my wallet. LOL.   I prefer quantopian but quantopian is python based (and has more features, nicer API, pyfolio notebooks). quantopian also has a way for you to make money (contests) and is free. quant connect has python,C++ no research notebooks, costs money to live trade.  For the lols, here's a post of mine about using Twitter posts, ML models, and Tech stocks to yield high returns:   [DANK LINK](https://www.quantopian.com/posts/psychsignal-machine-learning-models-and-tech-stocks)


>That it's not as combative with city governments or drivers likely has helped its case even if not every potential investor or firm sees it that way just yet.  This is where Lyft lucked out by being #2. They've ridden the coat tails of Uber's aggressive lobbying.


Foreign stocks have two extra sources of risk attached to them; exchange rate and political.  Exchange rate risk is obvious; if I buy a stock in a foreign currency and there is a currency movement that makes that investment worth less I lose money no matter what the stock does. This can be offset using exchange rate swaps. (This is ceteris paribus, of course; changes in exchange rate can give a comparative advantage to international and exporting companies that will improve the fundamentals and so increase the price of the stock relative to a local firm. The economics of the firms in particular are not explored in this answer as it would get too complicated and long if I did.) Political risk relates not only to the problems surrounding international politics such as a country deciding that foreign nationals may no longer own shares in their national industries or deciding to seize foreign nationals' assets as happens in some areas. Your home country may also decide to apply sanctions to the country in which you are invested thus making it impossible to get your money back even though the foreign country will allow you to redeem them or sell. Diplomatic relations and trade agreements tend to be difficult. There are further problems in lack of understanding of foreign countries' laws, tax code, customs etc. relating to investments and the necessity to find legal representation in a country you may never have visited if there are issues. There is also a hidden risk in that, as an individual investor, you are not likely to be reading the local financial news for that country regularly enough to spot company specific issues arising. By the time these issues get into international media its far too late as all of the local investors have sold out of their positions already. The risks are probably no different if you have the time to monitor international relations and the foreign country's news, and have FX swaps in place to counteract FX risk as the funds and investment banks do but as an individual investor the time required is not feasible.


I'm a bot, *bleep*, *bloop*. Someone has linked to this thread from another place on reddit:  - [/r/talkbusiness] [Managing Teams in the 21st Century](https://www.reddit.com/r/talkbusiness/comments/79rygg/managing_teams_in_the_21st_century/)  &nbsp;*^(If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads.) ^\([Info](/r/TotesMessenger) ^/ ^[Contact](/message/compose?to=/r/TotesMessenger))*


If you are looking for money to speculate in the capital markets, then your brokers will already lend to you at a MUCH more favorable rate than an outside party will. For instance, with $4,000 you could EASILY control $40,000 with many brokers, at a 1% interest rate. This is 10:1 leverage, much like how US banks operate... every dollar that you deposit with them, they speculate with 10x as much. Interactive Brokers will do this for you with your current credit score. They are very reputable and clear through Goldman Sachs, so although reputable is subjective in the investment banking world, you won't have to worry the federal government raiding them or anything. If you are investing in currencies than you can easily do 50:1 leverage as an American, or 100:1 as anyone else. This means with only $400 dollars you can control $40,000 account. If you are investing in the futures market, then there are many many ways to double and triple and quadruple your leverage at the lowest interests rates. Any contract you enter into is a loan from the market. You have to understand, that if you did happen to have $40,000 of your own money, then you could get $4,000,000 account size for speculating, at 1% interest. Again, these are QUICK ways to lose your money and owe a lot more! So I'd really advise against it. A margin call in the futures market can destroy you. I advise you to just think more efficiently until you come up with a way to earn that much money initially, and then speculate.


Do You Consult Or Just Do The Job?…..   For as long as I can remember I have always sought out information, knowledge, facts, figures.  One of my ex-bosses once said to me that I could always be relied on to find untapped resources & deliver.  This was when I was in my early 20′s & its a skill that I feel is vital for the success of any business.  My second job, when I was 19yrs old was in an Advertising / PR company - I was the Secretary.  Part of my remit was credit control & book-keeping, for some reason I was always naturally interested in sales units sold & values – then see how the total sales compared to the previous month / year.  Little did I know, this was a good skill for Profit & Loss sheets in years to come!


"In scale, it can be. Which is, for example, why my current Comcast service is ""unlimited bandwidth"". Increased internet speed does very little additional strain to a server farm. This isn't a faucet you turn on and only get X amount of water out of it. We're talking about something much more technical than that. With scale, it is parabolic upwards in terms of speed offering."


There might be a problem. Some reporting paperwork will have to be done for the IRS, obviously, but technically it will be business income zeroed out by business expense. Withholding requirements will shift to your friend, which is a mess. Talk to a licensed tax adviser (EA/CPA) about these. But the immigration may consider this arrangement as employment, which is in violation of the visa conditions. You need to talk to an immigration attorney.


If there are enhancements, I don't think that most of them will be genetic. Genetics takes a whole life time to be sure you didn't screw something up, and it's pretty much unremovable. I think mods like neural interfaces will be the future.


I just described its function. Tell me what they do other than what I described, and also tell me how much of drug companies' budgets are consumed in this process (preferably the unecessary parts of the process), especially compared to the rest of the drug spending and inordinate profits.  Drug companies run ads, they have sales reps (pharma girls), they have tort cases (not a symptom of regulation), they have research, they have HUGE employee and CEO salaries and bonuses, they have distribution costs. Trust me when I say that regulation isn't the driving force here.


Credit scores are designed to reflect your ability to make payments on time. As long as you're not closing your old credit card account, you will only see a minimal impact on your score. See estimated credit score breakdowns below:


**>in a survey of  1000 American Executive**s McQuaid found a “whopping” 35 percent of Americans are happy at their job. And, 65 percent say a better boss would make them happy. Only 35 percent say a pay raise will do the same thing.  Even if it wasnt tripe, asking a bunch of people probably already in the top 5% of income, if they would rather have a new boss or an unknown amount pay raise, you might get a totally different answer than asking the rank and file. Median income america.   so from what i read, the best the title could say is 65% of well off americans would rather a better boss than a raise. WHich is perfectly understandable.


"No.  It's mainly because:  1. Immigration is allowed in large numbers, especially of white collar people, who are willing to work for less.  2. Outsourcing to foreign countries, cheap labor.  3. Any idiot can finish high school and get a bachelor degree from college, so there's no shortage of ""qualified"" people.  4. Robots and AI doing the work of many people, and will even much work, instead of people.  5. Companies have to pay and give more ""benefits"" to employees, so they are reluctant to hire and simply can't pay so much. It's more than $10,000 a year in health benefits for each employee in the USA."


The US has been the most trusted since WWII. I'll be happy to take my chances with the US stock market over any other. Yea, there are definitely bubbles in the US economy, where else would you put your money then? Bitcoin, gold, in the euro, Chinese stock market (LOL), land in the US or German bunds? how about oil or Japanese stock market?  I'll take US land and US equity any day of the week over any of the other. Maybe some gold sprinkled in. You can invest in the Chinese stock market and the European stock exchanges


>The problem isn't the kid asking for the cookie, it's when Mom gives them the cookie when they shouldn't be having cookies.  Your analogy breaks down by attempting to draw a parallel between the behaviour of a child and that of a corporation.  Corporations are managed by adults with the full range of experience and cognitive abilities at their disposal.  Children, on the other hand, are not capable of engaging in the same level of decision-making and are excused from misbehaving.  >Lobbyists asking for modifications to tax & legal code - fine. There's nothing wrong with asking. Sometimes the ask is a good one.  Asking and paying for are two different things in my mind.  Level the playing field for everyone.  >Why do you people blame the companies or lobbyists but exonerate the legislators & regulators who are ACTUALLY RESPONSIBLE FOR ALLOWING THESE THING TO HAPPEN!?  I don't recall absolving legislators from responsibility.  They're just as dirty and corrupt.


Based upon what little is publicly known at this time, it doesn't look good for CAT, PWC or outside counsel. The economic substance they offered up sounds like *post hoc* reasoning. The tax court buying their current explanations would have to accept some exceptionally astute, long-range planning took place that accepted the initial costs exceeding the nascent parts revenue, as well as the risks of over-optimizing tax operations if the necessary revenue didn't materialize; and it doesn't seem they are yet offering any evidence to show that kind of foresight. It will be fascinating to follow, for sure.


"Great writing, Ellen Brown. I wish the Argentinians all the best in stinging the vulture funds and doing a successful end run on the IMF. Clearly, Argentina is not the bad guy in all this, despite some people trying to make them appear as such, by regurgitating the convenient Financialese spin.   On a different note, there is an interesting history lesson concerning the Baring Bank Economic Crisis of 1890 related to or rather caused by poor Baring Bank investments in Argentina, which were so massive that the debts had to be bank rolled by the British Government since, as is has become usual ever since, it threatened to bring down the hole (British) financial system which was then the world's debtor of last resort. ""Plus ça change, plus c’est la même chose"", etc."


>The other piece of course is that this person consistently gets raises that meet or beat inflation.   That's exactly the idea I am disputing. It's the reason the deficit is such a huge problem.  Having a budget deficit at 2,3% of GDP would make sense, if you're expecting your economy to continue growing at a high rate. That's the Keynesian argument, the idea that your debt can keep growing, because your total economic productivity is going to continue growing every year.  However, it's not something that I expect to see happening. Why is that?   If we look at US annual GDP growth, [we find that the trend is downwards.](http://ablog.typepad.com/keytrendsinglobalisation/2011/02/us-4th-quarter-2010-gdp.html) In the sixties, annual GDP growth was at 4.5 percent. In the 21st century, annual GDP growth is stuck at around 1.5 percent on a yearly basis. This is a global issue.  Part of the issue is that population growth rates are going down. US fertility rate is stuck at a record low 1.86 per woman.   More importantly however, is that the typical American has seen no increase in his household income in over more than a decade. [For the typical American, the peak was in 1999, the economy has gone downhill since then.](http://blogs.lclark.edu/hart-landsberg/2011/09/05/one-nation-divisible/) If the typical American sees his income decline, it's a very bad idea to increase government spending at the same time.  Why this large divide between the elite 1% whose income is growing, and the rest of the public? Part of the issue is that the typical American spends a far larger portion of his income on resources that are limited. Energy, food, these are products that have grown very expensive and are eating up a larger chunk of a typical American's budget.  The high wealth and income of the 1% is effectively an unsustainable illusion created by quantitative easing and other bubble-blowing policies. These people own stock, that have surged up despite a weak economy. They own expensive houses, the prices of which can be artificially pushed into the stratosphere.  This wealth of our elite is all hypothetical wealth, that evaporates when you try to tax it. If you look at US GDP to base your budget policies on, the impression of sustained economic growth is deceiving you. You end up spending far more than you will ever manage to pay back.


You can afford the mortgage but would you have had enough for the down payment? I certainly didn't have $50 grand laying around when I was in my 20s (which is what you'd need to put down on a 250k house if 20 percent convention holds)


In the world of stock exchanges, the result depends on the market state of the traded stock. There are two possibilities, (a) a trade occurs or (b) no trade occurs. During the so-called auction phase, bid and ask prices may overlap, actually they usually do. During an open market, when bid and ask match, trades occur.


"This answer is based on Australian tax, which is significantly different. I only offer it in case others want to compare situations. In Australia, a popular tax reduction technique is ""Negative Gearing"". Borrow from a bank, buy an investment property. If the income frome the new property is not enough to cover interest payments (plus maintenance etc) then the excess each year is a capital loss - which you claim each year, as an offset to your income (ie. pay less tax). By the time you reach retirement, the idea is to have paid off the mortgage. You then live off the revenue stream in retirement, or sell the property for a (taxed) lump sum."


"In general, I'd try to keep things as simple as possible. If your plan is to have a three-fund portfolio (like Total Market, Total International, and Bond), and keep those three funds in general, then having it separated now and adding them all as you invest more is fine. (And upgrade to Admiral Shares once you hit the threshold for it.) Likewise, just putting it all into Total Market as suggested in another answer, or into something like a Target Retirement fund, is just fine too for that amount. While I'm all in favor of as low expense ratios as possible, and it's the kind of question I might have worried about myself not that long ago, look at the actual dollar amount here. You're comparing 0.04% to 0.14% on $10,000. That 0.1% difference is $10 per year. Any amount of market fluctuation, or buying on an ""up"" day or selling on a ""down"" day, is going to pretty much dwarf that amount. By the time that difference in expense ratios actually amounts to something that's worth worrying about, you should have enough to get Admiral Shares in all or at least most of your funds. In the long run, the amount you manage to invest and your asset allocation is worth much much more than a 0.1% expense ratio difference. (Now, if you're going to talk about some crazy investment with a 2% expense ratio or something, that's another story, but it's hard to go wrong at Vanguard in that respect.)"


It depends a lot on the specific country and its laws, but generally the receiver needs to be able to proof on request that Not every payment you get is taxable income; if you owned it before, that is typically easy to verify. Note that gifts (donations are gifts) are taxable income in most countries once they are above a certain limit. In practice, law and tax authorities seldom look at that if there is no other reason to check you out, or if the amounts are not several millions at least.


I've just finished reading The Power of Habit, by Charles Duhigg. A great book using the scientific explanations behind how habits are formed to look at how this can impact management skills and change organisational habits. Lots of great anecdotes.  I run My Business Book Club - a website which offers book recommendations and starter discussion questions. We've got lots more suggestions here: http://mybusinessbookclub.com


I don't think these currencies need large scale adoption to exist or go up in value. Even if only 0.2% of middle and upper class people own bitcoins it can go to 100000$, simply because the marketcap and value of bitcoin is more than the $ amount invested in it because of holders and longterm supply deflation.


So it is and so it has been in the past. However reforms have and will continue to happen. 2 main reasons - some of the wealthy share the values of most Americans. Also, even the most die-hard old money aristocrat knows that they have to live with the rest of us and there are more of us than there are of them. No one wants a French Revolution II - Revolutioner.


This depends completely on your investing goals. Typically when saving for retirement younger investors aim for a more volatile and aggressive portfolio but diversify their portfolio with more cautious stocks/bonds as they near retirement. In other words, the volatility that owning a single stock brings may be in line with your goals if you can shoulder the risk.


"One thing to keep in mind is that Prime day takes away sales from other days (maybe the two days leading up to and two days after). It would be interesting to see sales numbers by day around Prime Day and compare them to ""average"" days and see if customers bought less.   Also, I assume the $1bn is Net Sales and not Gross Merchandise Volume."


"It seems that you think you are freelancing, and they think you are an employee. What's bad for you, the tax office will also think you are an employee if they withhold tax for you. Alternatively, they think you are stupid, and they keep the money, but are actually not paying it to the tax office at all, in which case you will have a bad surprise when you do your tax returns.  First, I'd ask them for proof that they are indeed paying these taxes into some account related to you. I'd then ask a tax adviser for some serious advice. If they are acting out of incompetence and not out of malice, then you should be mostly fine, but your work there will count as employment.  Heaven knows why they treat you as an employee. Check your contract with them; whether it is between you and them or your company and them. It maybe that they never hired a contractor and believe that they have to pay employment tax. They don't. If your company sends them a bill, then they need to pay that bill, 100% of it, and that's it. Taxes are fully your business and your responsibility. As ""quid"" said, if they say they are withholding tax, then at the very least there must be a paystub that proves they have actually been paying these taxes. If they withhold taxes, and there is no paystub, then this looks like a criminal attempt to cheat you.  If they have actually paid taxes properly into your account, then they are merely creating a mess that can hopefully be fixed. But it is probably complicated enough that you need a tax advisor, even if you had none before, since instead of paying to your company, they paid some money to the company, and some to you personally."


You need to solve the money-weighted return equation.  It cannot be expressed as a formula for the interest, but it can be solved numerically as shown here. Using the OP's figures, with monthly withdrawals of $100,000. The summation for the withdrawals can be replaced with the standard annuity formula.  The resulting monthly return is converted to a nominal annual return compounded monthly. Money-weighted return equation with start and end balances s0 and s1  The interest is 2.63282 % per annum, nominal compounded monthly. Selectable equation


You mentioned that the 1099B that reports this sale is for 2014, which means that you got the proceeds in 2014. What I suspect happened was that the employer reported this on the next available paycheck, thus reporting it in the 2015 period. If this ends up being a significant difference for you, I'd argue the employer needs to correct both W2s, since you've actually received the money in 2014. However, if the difference for you is not substantial I'd leave it as is and remember that the employer will not know of your ESPP sales until at least several days later when the report from the broker arrives. If you sell on 12/31, you make it very difficult for the employer to account correctly since the report from the broker arrives in the next year.


A Roth IRA is just an account wrapper.  Inside a Roth IRA you can have a plain 0.1% savings account, or a brokerage account, or an annuity or whatever.  There's no rate of return for a Roth IRA. That particular calculator seems to assume you'll be wrapping a brokerage account in a Roth IRA and investing in the stock market.  Over a long period 6% is probably a reasonable rate of return considering the S&P 500 has returned about 7% over the last decade.


For double entry bookkeeping, personal or small business, GnuCash is very good. Exists for Mac Os.


"The pentagon is in the process of [providing options](http://www.reuters.com/article/us-northkorea-missiles-pentagon/pentagon-will-provide-trump-options-if-north-korea-provocations-continue-idUSKCN1C02E6) to the retard in chief, they however are facing difficulties in communicating with him under the bed.  He seems to be adamant that he cannot serve and the Military cannot draft him into serving.  The Pentagon Shrink has advised us its a form of PTSD flash backs which draft dodgers suffer when ever confronted by a man in a military uniform.  The Pentagon has decided to add ""Resignation"" as an option"


Hi we reposted because we're still recruiting, and based on new signups, it seems like a lot of people missed us the first time.  But, we don't want to overstep our bounds - this will be the last time we post our ad here.


Summarized article: Electronics manufacturer Foxconn announced that an internal investigation at its factory in Yantai, China, found underage interns between ages 14 and 16. China's minimum legal working age is 16.  Foxconn has an internship program that has vocational students work for 3 to 6 months in its factories to gain industry experience. About 2.7% of the company's workforce are interns.   The company said those identified as underage have been sent back to their schools but have not said how many were found.   Foxconn's announcement came shortly after labor rights group China Labor Watch released its findings that underage interns were found at the Yantai factory.   Recently, Foxconn faced a complaint that interns were being forced to work in its factories, however, the company cited the Fair Labor Association's report in saying there was no evidence of such claims.  In August, the Fair Labor Association, hired by Apple to audit labor conditions at Foxconn, said Foxconn has made a majority of the recommended improvements but must address remaining concerns by next year.  * For more summarized news, subscribe to the [/r/SkimThat](http://www.reddit.com/r/SkimThat) subreddit


I'd be find with smart contracts that were a requirement with each new hire.  This would also eliminate the legal fiddling that goes on where employers screw employee right up to the amount that it would take to litigate so they just walk away.


Vancouver... just off Robson. I've never seen it out the door... yet... I'm sure it happens, every time I go it's literally all the way to the door... just one or a couple people short of being out the door. Every single time I go. Food is great, I love that they don't take cash, I love sofritas. I like Chipotle!


You're never going to get really low interest for an unsecured loan (i.e. without collateral), but if your credit score is excellent, then most banks should give you a decent rate for a personal line of credit. You could inquire at several banks to compare offers. Here in Germany there are also websites that will do such a comparison for you.


"This is the best tl;dr I could make, [original](https://techcrunch.com/2017/06/02/why-pulling-out-of-paris-accords-damages-americas-economic-future/) reduced by 90%. (I'm a bot) ***** > The world is driving ahead to replace carbon energy with clean energy anyway.  > New energy sources aren&#039;t getting adopted just because they might stave off climate change - they&#039;re getting adopted because they are becoming cheaper than carbon-based energy.  > If the U.S. falls behind in advanced energy and our companies instead rely on carbon, eventually U.S. business will be operating at a higher cost than competitors around the world that rely on clean sources.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6ewzm5/why_pulling_out_of_paris_accords_damages_americas/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~135143 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*: **energy**^#1 **solar**^#2 **US**^#3 **companies**^#4 **market**^#5"


Not a whole lot of people. Google thinks that by acquiring Meebo and dozens of other companies in the social space, it is bound to eventually succeed in social. Like, maybe my melding meebo with google analytics with gchat they'll come up with something. This kind of thinking is very typical of internet companies. Instead of going strong in a single direction the company hedges its bets by going down 50 different strategy paths, because hey, coding is cheap. The problem arises when this attitude becomes ingrained in the company's culture and nobody is left to take bold steps in a single direction. Apple is different, it takes bold steps time and time again.


We have skill in sympathetic your business supplies and customize monetary solutions that suit your needs. So, if you desire to develop your business, buy added raw textile or stocks, or repay other luxurious debts or operating cost, our modified business loans will help you fulfill your dreams and aspirations.


Your question is unanswerable as you haven't provided enough information. I.e. If those shares cost $1000 and you have $50000 ( or any number above $1000) of cash available in the account then you can't possibly free ride. I think your understanding of the free ride rule is incorrect. Basically what this rule is stating is that you have to have the cash when the trade is placed in order to settle the trade. Otherwise you are taking on margin (which you can't do in a cash account). So at order entry you have to have the cash to cover the purchase so it's able to be settled. If you do, no problem and you can sell that stock before trade settlement. There is no law that says you have to hold it past trade settlement. However, you cannot spend the same dollar more than once before it settles.  This site does a good job explaining this more throughly with examples: http://www.invest-faq.com/articles/trade-day-free-ride.html


If S&P crashes, these currencies will appreciate. Note that the above is speculation, not fact. There is definitely no guarantee that, say, the CHF/CAD currency pair is inversely linked to the performance of the US stock market when measured in USD, let alone to the performance of the US stock market as measured in CAD. How can a Canadian get exposure to a safe haven currency like CHF and JPY? I don't want a U.S. dollar denominated ETF. Three simple options come to mind, if you still want to pursue that: Have money in your bank account. Go to your bank, tell them that you want to buy some Swiss francs or Japanese yen. Walk out with a physical wad of cash. Put said wad of cash somewhere safe until needed. It is possible that the bank will tell you to come back later as they might not have the physical cash available at the branch office, but this isn't anything really unusual; it is often highly recommended for people who travel abroad to have some local cash on hand. Contact your bank and tell them that you want to open an account denominated in the foreign currency of your choice. They might ask some questions about why, there might be additional fees associated with it, and you'll probably have to pay an exchange fee when transferring money between it and your local-currency-denominated accounts, but lots of banks offer this service as a service for those of their customers that have lots of foreign currency transactions. If yours doesn't, then shop around. Shop around for money market funds that focus heavily or exclusively on the currency area you are interested in. Look for funds that have a native currency value appreciation as close as possible to 0%. Any value change that you see will then be tied directly to the exchange rate development of the relevant currency pair (for example, CHF/CAD). #1 and #3 are accessible to virtually anyone, no large sums of money needed (in principle). Fees involved in #2 may or may not make it a practical option for someone handling small amounts of money, but I can see no reason why it shouldn't be a possibility again in principle.


"True. My thinking is, the higher the rates are, the less people you'll have borrowing, the less chance of people defaulting, more people buying with flat cash, and of course cheaper housing prices.  Whereas with low interest rates, you'll have more people borrowing (thus, increasing the likelihood of more people defaulting), more people ""buying"" homes (technically not buying, technically just ""borrowing"" money and putting down mortgages), and more expensive housing prices.  Quite frankly, I think the way that the western world can solve its issue with unaffordable housing is by raising the interest rates to at least the double digits, like they once were (when housing was still cheap)."


There is no gift or inheritance tax in Canada, so you will pay zero.


A January 2000 study from McGill University in Montreal ranked Milwaukee 6th in a list of U.S. and Canadian cities with the highest number of college students per 100 residents. A list of college within 1 hour from Milwaukee: university of Milwaukee, university of Wisconsin, Marquette university, Northwestern University, Alverno College, Cardinal Stritch University, Medical College of Wisconsin, Milwaukee Area Technical College, Milwaukee Institute of Art and Design, Milwaukee School of Engineering, Mount Mary College, Wisconsin Lutheran College, Concordia University Wisconsin, Lakeland College, University Wisconsin Whitewater, Northern Illinois University.


"I'll answer your second question: it depends what your charity is for. There are two types: i) Emergency (i.e. to respond to environmental or social disasters where it acts a bit like an insurance policy); ii) Development (i.e. where the intention is to subsidise something missing in the local economy); A lack of insurance is certainly a problem for people who lose their homes and livelihoods to disaster.  Your donations can go far. As for development aid: ""We find little evidence of a robust positive correlation between aid and growth,"" write two ex-IMF economists, Raghuram Rajan, who stepped down as IMF chief economist at the end of 2006, and Arvind Subramanian, who left the IMF this year. ""One of the most enduring and important questions in economics is whether foreign aid helps countries grow ... There is a moral imperative to this question: it is a travesty for so many countries to remain poor if a relatively small transfer of resources from rich countries could set them on the path to growth ... But if there is no clear evidence that aid boosts growth, then handing out more money makes little sense,"" they conclude. I do somewhat further in declaring that charity is equivalent to trade dumping.  By artificially lowering the real cost of a particular good it ensures that there will be no local investment in that good.  Free clothes to Africa has destroyed the local textiles industry.  Free doctors has resulted in more African doctors in New York than in the whole of Africa. So decide where your charity is going: emergencies or development?  Then decide what you can afford.  But your first investment should always be in yourself.  If by making use of that investment you can benefit the economy and keep others around you employed and productive you will achieve far more."


"Curious if anyone has any insight here, but isn't it too soon to tell if this will lead to inflation, and purely speculative that we could ""do the same"", given that we are in a very different set of circumstances?"


Yeah basically an ad consulting firm. The thing is they bring all their networks in, so we are very close to revenue. We have planned 20k for this year, starting in late October. Not needing sales for the first year is huge.


Yes, stock price is determined by the last trade price. There are always going to be people who have put in a price to buy a stock (called a bid price) and people who have put in a price to sell a stock (called an ask price). Based on your example, if the last trade price for the stock was $1.23, then you might have the following bid prices and ask prices: So if you put in a limit order to buy 100 shares at $100, you would buy the 40 shares at $1.23, the 15 shares at $1.24, and the 45 shares $1.25.  The price of the stock would go up to $1.25. Conversely, if you put in a limit order to sell 100 shares at $0.01 (I don't think any broker would allow a sell price of $0.00), you would sell 30 shares at $1.22, 20 shares at $1.21, and 50 shares at $1.20.  The price of the stock would go down to $1.20.


AAAA Quality Garage Door Co. offers high quality garage door repair services at affordable prices. Our experienced technicians are fully equipped and capable of repairing any brand garage door or opener, whether residential or commercial. Whether you're looking for a full fledged garage door repair service, or just want a tune up on your residential garage, our expert professionals are just a phone call away!


If you really want to use the money roll it over to the new companies 401k and then take a 401k loan out for whatever the expense is.  (Assuming the retirement plan allows them.) Generally 401k loans are frowned upon for all sorts of reasons however if the alternative is to just flat out withdraw the money it is a slightly better solution.


You're knowingly providing a payment method which has insufficient funds to meet the terms of the contract, because you are too lazy to comply with the contract. That's unethical and fraudulent behavior. Will you get in trouble? I don't know. I'd suggest getting acquainted with an electronic calendar that can remind you to do things.


If the business owner doesn't want you to pay him directly, the only reason I can think of is breaking a law. It can be because the business doesn't legally exists, or because the barber wants to evade taxes, or because he doesn't pay his child support or doesn't want his income to be apparent to his debtors in a bankruptcy proceedings. Either way, stinks.


"I was paraphrasing the latter from memory it's actually [""Jesus Christ Lawn Service & Landscaping""](http://i.imgur.com/GmVZh.jpg), my bad. I saw the ""His Lord Pest Removal"" on the side of a pickup truck, didn't get a photo, unfortunately. Google tells me the business exists, it's actually ""His Pest Removal"" and the religious part was implied in their logo, it's been a few years but I think it was some variation on a crucifix.    Plenty of others like that around here, exploiting faith shamelessly for personal profit."


"Excellent questions!  Asking such questions indicates something special about yourself.  The desire to learn and adjust your beliefs will increase your chance of success in your life.  I would use a wide variety of authors to increase your education.  Myself I prefer Dave Ramsey to Clark Howard, but I think Clark is very good. The first thing you should focus on is learning how to do and live by a budget.  Often times, adults will assume that you are on a budget because you are broke.  It happens with my friends and my youngest child is older than you.  Nothing could be further from the truth.  A budget is simply a plan on how you will spend your income so you don't run out of money before you run out of month. Along with budgeting I would also focus on goal setting.  This is the type of ""investing"" you should be doing at your age.  For example if your primary goal was to become an engineer, my recommendation is to hold off buying stocks/mutual funds and using your current income to get through school with little or no student loans.   Another example might be to open your own HVAC business.  Your best bet might be to learn the trade, working for someone else, and take night classes for business management. Most 18 year olds have very little earning power.  Your focus at this point should be increasing your income and learning how to manage the income you have.   Please keep in mind that most debt is bad.  It robs you of your income which is your greatest wealth building tool.  Car loans and credit card debt is just plain stupid.  Often times a business case can be made for reasonable student loans.  However, why not challenge yourself to take none.  How much further ahead could you be if you graduate, with a degree, when your peers are strapped with a 40K loan? Keep up the good work and keep asking questions."


If you want to monitor how well you did in choosing your investments you will want to use stock prices that account for the dividends and splits and other changes (not just the closing price).  The adjusted close will include these changes where the straight close will not include them.  Using the adjusted close you will get your true percentage change.  For example I have a stock called PETS that paid an $0.18 dividend in July 2015. The adjusted closes before that day in July are all $0.18 lower per share.  Say the closing price had been unchanged at $20.00.  The close prices would say I made no profit, but the adjusted closing price would say I made $0.18 per share on this investment because the adjusted close would read $19.82 in June 2015 but would read $20.00 in August 2015 (just like the closing price).  The adjusted close allows me to know my true profit per share.


"You're a libertarian, aren't you. But I keep hearing this ""get out the way"" govt. a lot from Libertarians without really qualifying what it means.   Govt. already is quite out of the way. All it is doing is setting new rules when needed. Like in this case, HFT's are operating willy nilly and the govt. is now trying to say - Hang on a min, we need to ensure fairness. And reviewing HFT's. It never prevented HFT's from starting up and operating. Only if it is a problem it is stepping in. Govt. supports free market but diff is it wants a refereed and regulated free market. Not unregulated or self-regulated.  Re. the consumer electronics, last I checked FCC stickers are on most of them. Govt is sanctioning the devices so it doesn't contain radiation that'll kill us etc. (just kidding but you get the idea). Not sure who/what the u/w labs does."


Would my high-risk investment choices, aside from the main question, have any bearing on the road I want to go down and test (managing mutual/hedge funds)? Absolutely!  First of all, understand that hedge fund managers are managing other people's money.  Those people desire a certain risk profile and expected return, so your hedge fund will need to meet those expectations.  Plus, hedge fund managers don't typically get fixed fees alone - they also get a percentage of any gains the fund makes; so managers have a vested interest in making sure that hedge funds perform well.


You are right sir. We both make good points and it just goes to show you how the MBA is NOT as prestigious anymore. I still think it should be. I'm getting paid worse than some BA's I know for Christ sake.


Private Equity is simply some type of an investment company, which is owned in a way not accessible to the public. ie: Warren Buffet runs Berkshire Hatheway, which is an investment company which itself is traded on the New York Stock Exchange. This means that anyone can buy shares in the company, and own a small fraction of it. If Warren Buffet owned all the shares of Berkshire Hatheway, it would be a Private Equity company. Note that 'Equity' refers to the ownership of the company itself; a private investment company may simply buy Bonds (which are a form of Debt), in which case, they would not be technically considered a 'Private Equity' company. A Hedge Fund is a very broad term which I don't believe has significant meaning. Technically, it means something along the lines of an investment fund (either public or private) which attempts to hedge the risks of its portfolio, by carefully considering what type of investments it purchased. This refers back to the meaning of 'hedge', ie: 'hedging your bets'. In my opinion, 'Hedge Fund' is not meaningfully different from 'investment fund' or other similar terms. It is just the most popular way to refer to this type of industry at the present time.  You can see the trend of using the term 'investment fund' vs 'hedge fund' using this link: https://trends.google.com/trends/explore?date=all&q=hedge%20fund,investment%20fund Note that the high-point of the use of 'hedge fund' occurred on October 2008, right at the peak of the global financial crisis. The term evokes a certain image of 'high finance' / 'wall-street types' that may exploit various situations (such as tax legislation, or 'secret information') for their own gain. Without a clear definition, however, it is a term without much meaning. If you do a similar comparison between 'hedge fund' and 'private equity', you can see that the two correlate very closely; I believe the term 'private equity' is similarly misused to generally refer to 'investment bankers'. However in that case, 'private equity' has a more clear definition on its own merits.


"What have the followers of ""serious"" economists brought us? Within 40 years of the end of a good standard, central banks that apply Keynesian and monetarist economic policies have created a debt bubble thatcwill collapse the global economy in the next few years.   You can sound very intelligent by denoiuncing ideas that challenge the status quo, not do much when it is clear that the status is about to fall off of a cliff"


Apocalyptic like MAD MAX, huh? Well, no one so far has mentioned Gasoline, not paper gasoline futures but the real thing in barrels or tankers. Guns, ammo, sure... but if everyone on the ground is shooting each other I'd prefer an ultralight helicopter.  You all have watched MAD MAX, right? On a more serious note, there is a country in the South Pacific that never saw fighting in world war 2 due to its remoteness, but is large and developed enough to be agriculturally pretty much self sufficient, and with a  low population has plenty of space.  Might be good to squirrel away something down there...


"Some very general advice. Lifestyle borrowing is almost always a bad idea. You should limit your borrowing to where it is an investment decision or where it is necessary and avoid it when it is a lifestyle choice. For example, many people need to borrow to have a car/house/education or go without. Also, if you are unemployed for a long period of time and can't find work, charging up the credit cards seems very reasonable.  However, for things like entertainment, travel, and other nice-to-haves can easily become a road to crushing debt. If you don't have the cash for these types of things, my suggestion is to put off the purchase until you do. Note: I am not including credit cards that you pay off in full at the end of the month or credit used as a convenience as ""borrowing"""


The behaviour described in this article was fraud and deception to work around regulations that would have kept the bubble from overinflating. If the housing bubble had stopped when they ran out of genuine loan prospects it would have been a lot less worse when it popped.


"This is regular income to you (unless you meet some very narrow health-related field exceptions.) There's no ""claiming of income"" by you, it should be included on your W-2 as regular income where it will be subject to employment and income tax. Think of it like a bonus. It will bump up your income and make it look like you earn more money (because you did). There's no special tax break for you or your employer for paying off your pre-existing student loans. Talk to your student loan servicer to find out how the extra money will affect your income-based repayment plan next year. They should be able to tell you, or at least estimate for you, how it will change your future payments. Armed with that knowledge you can then decide whether or not to take the money from your employer. Naively, it would seem dumb to turn down free money, but there are some weird incentives out there."


"An emergency fund is very well defined, both on this site and across the web.  An emergency fund is a cash account where you keep money for emergencies so you don't need to take on debt like a loan or credit cards. Car breaks down? emergency fund can help pay that. Lose your job? The emergency fund is there to pay rent and for groceries until you're back up an running. There are several schools of thought on how much money should be in your emergency fund, but it boils down to how high your risk assessment is. Typically, the average is to have 3 months in cash available at all times (like in a savings account). It'd be better to have more, but that's a typical goal. You're also asking about investments in the comments. An emergency fund should be readily available. If you already have $10K in savings, set aside what you would need to cover a few months of bills into a cash-ready savings account, then invest the rest. Investments sometimes take time, or have penalties, if you withdraw them. Additionally, as @JoeTaxpayer so correctly pointed out, getting into the habit of maintaining a separate emergency fund helps protect your other investments from becoming a crutch and instead used to save up for larger things like a house or, especially, retirement.  See also: What expenses should be covered by an emergency fund What should I reserve ""emergency savings"" for? What expenses do most people not prepare for that turn into ""emergencies"" but are not covered by an Emergency Fund? Less than a year at my first job out of college, what do I save for first?"


You'll want to get a business, I forget their name right now, to come and weigh each bottle before a night of decent business. A weekend day, I would imagine. They weigh every bottle in your bar inventory and then reconcile the wastage based on drink sales done between your data points.