"You owe taxes to the state where you earned the income, and also to the state where you physically live. Most, maybe all, states have laws that let you claim credits for taxes paid to other states so that you're not paying double taxes by living in one state while working in another. Most states have deals with all their neighboring states so that you only have to file taxes in one. For example, I live in Michigan, and Michigan borders Ohio. Lots of people who live near the border live in one state but work in the other. So the two have a deal that anyone who lives in Michigan but works in Ohio just has to file a Michigan tax return and pay Michigan taxes, and anyone who lives in Ohio and works in Michigan just has to pay Ohio taxes. Oh, I should note that these adjacent state deals apply only to employment income, not business income. If you own a business in another state, you'll still have to file taxes in that state. You still should get tax credits in your residence state. In general the fact that you use a server in another state doesn't make you liable for taxes in that state. I understand that New York says that if you work from home and the company headquarters is in New York, you have to pay New York taxes. Maybe there are a few other states who do this. But just because a server is in their state? I've never heard of this. If I order business supplies that are shipped from a warehouse in Arizona, that doesn't make me liable for Arizona income taxes, etc.  You are legally a ""resident"" of the state where you actually live. If you have a home and live in it most of the time, then you are a resident of the state where that home is. A ""home"" doesn't have to be a house. It could be an apartment, an RV that you live in in a trailer park, a tent, etc. If you don't own any sort of fixed home and you travel around a lot, this could be tricky. You mentioned Oklahoma. Oklahoma defines ""resident"" as follows:  An Oklahoma resident is a person domiciled in this state for the entire tax year. “Domicile” is the place established as a person’s true, fixed, and permanent home. It is the place you intend to return whenever you are away (as on    vacation abroad, business assignment, educational leave or military assignment). A domicile, once established, remains until a new one is adopted. (https://www.ok.gov/tax/documents/511NRPkt-14.pdf) I'm not sure that that clears things up for you. You can't just pick a state with low taxes and claim that as your residence. No way is the state where you actually live going to accept that. If you are in an ambiguous situation, like you spend 6 months per year in state A and 6 months in state B and you have no fixed home in either -- maybe you stay at motels or live in your minivan -- you might get away with picking the state with the most favorable tax laws as your residence. But if you spend 7 months in state A and 5 months in state B, state A will almost surely claim you are a resident and owe them taxes. If you regularly wander the country, never spend more than a few days in any one place, and rarely come back to the same place twice, then you have a complicated situation and you probably need to talk to a tax lawyer."


This is generally wrong. For the vast majority of the time that underqualified alt-a and option-arm mortgages were being written, Fannie and Freddie were not buying, and they were never huge holders of these mortgages. Fannie and Freddie have minimum qualifications standards. However, as time went on, Fannie and Freddie did load up on the securities (not the mortgages), which were of course still problematic.   But the liquidity crunch of 08 was not substantially contributed to by Fannie and Freddie.


The best thing for you to do will be to start using the Cash Flow report instead of the Income and Expense report. Go to Reports -> Income and Expense -> Cash Flow Once the report is open, open the edit window and open the Accounts tab.  There, choose your various cash accounts (checking, saving, etc.).  In the General tab, choose the reporting period.  (And then save the report settings so you don't need to go hunting for your cash accounts each time.) GnuCash will display for you all the inflows and outflows of money, which appears to be what you really want. Though GnuCash doesn't present the Cash Flow in a way that matches United States accounting rules (with sections for operating, investing, and financial cash flows separated), it is certainly fine for your personal use. If you want the total payment to show up as one line on the Cash Flow report, you will need to book the accrual of interest and the payment to the mortgage bank as two separate entries. Normal entry for mortgage payments (which shows up as a line for mortgage and a line for interest on your Cash Flow): Pair of entries to make full mortgage payment show up as one line on Cash Flow: Entry #1:  Interest accrual Entry #2:  Full mortgage payment (Tested in GnuCash 2.6.1)


It doesn't hurt to pencil out the details starting with a sales projection. Doing anything without a plan increases the odds of failure. Putting it in writing creates a sharable vision. I've put together multi-page business plans (40-50 pages - very pretty). The best one I have is one page, hand written and I keep it with me practically all the time, tweeking it.


To answer your precise question, your plans are not at all misguided, and are in fact very reasonable. You are clearly financially very comfortable, and from the tone of your post it sounds like you value security and simplicity over maximizing your investment return over the coming years.  If money was the most important thing to you then you would stay shackled to your high paying jobs. @JoeTaxpayer's answer has some great information for a person who is interested in maximizing their investment return.  If you followed that advice, you might increase your return on investments by up to 1%/year (I'm just throwing a ball park number out there). So your choice is simple.  Peace of mind on one hand and perhaps 1% additional return on investments on the other hand.


"There are many flaws with your idea. Say I want to borrow $225,000.00 to accrue interest on a 1.20% APY   account. I promise ... that I cannot withdraw nor touch the   account by legal contract. If you break the contract and lose the money, the lender is out the money. They can take you to court and will win, but if you don't have the money, then they don't get paid. (You can't squeeze water out of a rock even if a judge orders you to.) By sharing the interest with me on a loan, they keep a percentage that they'd normally get... If you're ""investing"" the money at 1.2%, and the lender gets some amount less than that, then they are getting much less than they ""normally"" get. Lenders typically get somewhere from 5-15% on loans. The money can also be used to fund a stock/trading account. Regardless of whether I profit, I pay interest on the loan and split the profit shares 24/7. How can the lender lose with legal enforcing? Again, if you lose the money, no amount of legal enforcing can force you to pay money that you don't have. Even if you go to jail for fraud the lender still doesn't get paid. Simply, no bank would ever agree to this."


In less than two decades, more than half of all publicly traded companies have disappeared. There were 7,355 U.S. stocks in November 1997, according to the Center for Research in Security Prices at the University of Chicago’s Booth School of Business. Nowadays, there are fewer than 3,600.  A close look at the data helps explain why stock pickers have been underperforming. And the shrinking number of companies should make all investors more skeptical about the market-beating claims of recently trendy strategies.  Back in November 1997, there were more than 2,500 small stocks and nearly 4,000 tiny “microcap” stocks, according to CRSP. At the end of 2016, fewer than 1,200 small and just under 1,900 microcap stocks were left.  Most of those companies melted away between 2000 and 2012, but the numbers so far show no signs of recovering.  Several factors explain the shrinking number of stocks, analysts say, including the regulatory red tape that discourages smaller companies from going and staying public; the flood of venture-capital funding that enables young companies to stay private longer; and the rise of private-equity funds, whose buyouts take shares off the public market.  For stock pickers, differentiating among the remaining choices is “an even harder game” than it was when the market consisted of twice as many companies, says Michael Mauboussin, an investment strategist at Credit Suisse in New York who wrote a report this spring titled “The Incredible Shrinking Universe of Stocks.”  That’s because the surviving companies tend to be “fewer, bigger, older, more profitable and easier to analyze,” he says — making stock picking much more competitive.  Consider small-stock funds. Often, they compare themselves to the Russell 2000, an index of the U.S. stocks ranked 1,001 through 3,000 by total market value. “Twenty years ago, there were over 4,000 stocks smaller” than the inclusion cutoff for the Russell 2000, says Lubos Pastor, a finance professor at the University of Chicago. “That number is down to less than 1,000 today.”  So fund managers have far fewer stocks to choose from if they venture outside the index — the very area where the best bargains might be found. More money chasing fewer stocks could lead some fund managers to buy indiscriminately, regardless of value.  Eric Cinnamond is a veteran portfolio manager with a solid record of investing in small stocks. Last year, he took the drastic step of shutting down his roughly $400 million mutual fund, Aston/River Road Independent Value, and giving his investors their money back.  “Prices got so crazy in small caps, I fired myself,” he says. “My portfolio was 90% in cash at the end, because I couldn’t find anything to buy. If I’d kept investing, I was sure I’d lose people their money.”  He adds, “It was the hardest thing I’ve ever done professionally, but I didn’t feel I had a choice. I knew my companies were overvalued.”  Mr. Cinnamond hopes to return to the market when, in his view, values become attractive again. He doesn’t expect recent conditions to be permanent.  The evaporation of thousands of companies may have one enduring result, however — and it could catch many investors by surprise.  Most research on historical returns, points out Mr. Mauboussin, is based on the days when the stock market had twice as many companies as it does today. “Was the population of companies so different then,” he asks, “that the inferences we draw from it might no longer be valid?”  So-called factor investing, also known as systematic or smart-beta investing, picks hundreds or thousands of stocks at a time based on common sources of risk and return. Among them: how big companies are, how much their shares fluctuate, how expensive their shares are relative to asset value and so on.  But the historical outperformance of many such factors may have been driven largely by the tiniest companies — exactly those that have disappeared from the market in droves.  Before concluding that small stocks or cheap “value” stocks will outrace the market as impressively as they did in the past, you should pause to consider how they will perform without the tailwinds from thousands of tiny stocks that no longer exist.  The stock market has more than tripled in the past eight years, so the eclipse of so many companies hasn’t been a catastrophe. But it does imply that investing in some of the market’s trendiest strategies might be less profitable in the future than they looked in the past.


I guess it's hard because he knows that I have a chronic health condition that causes fatigue (it nearly killed me last year) and he used that as a basis for why he deserves more equity in the long run. I just didn't want that to be the reason because it sucks mentally.  But like I can be really productive at night when all is calm or early morning, but I'm more of a night owl.


"As a contractor, I have done this exact calculation many times so I can compare full time employment offers when they come. The answer varies greatly depending on your situation, but here's how to calculate it: So, subtracting the two and you get I've run many different scenarios with multiple plans and employers, and in my situation with a spouse and 1 child, the employer plans usually ended up saving me approximately $5k per year. So then, to answer your question: ...salary is ""100k"", ""with healthcare"", or then ""X"" ""with no healthcare"" - what do we reckon? I reckon I would want to be paid $5K more, or $105K. This is purely hypothetical though and assumes there are no other differences except for with or without health insurance. In reality, contractor vs employee will have quite a few other differences. But in general, the calculation varies by company and the more generous the employer's health benefits, the more you need to be compensated to make up for not having it. Note: the above numbers are very rough, and there are many other factors that come into play, some of which are: As a side note, many years ago, during salary talks with a company, I was able to negotiate $2K in additional yearly salary by agreeing not to take the health insurance since I had better insurance through my spouse. Health insurance in the US was much cheaper back then so I think closer to $5K today would be about right and is consistent with my above ballpark calculation. I always wondered what would have happened if I turned around and enrolled the following year. I suspect had I done that they could not have legally lowered my salary due to my breaking my promise, but I wouldn't be surprised if I didn't get a raise that year either."


"BigCo is selling new shares and receives the money from Venturo. If Venturo is offering $250k for 25% of the company, then the valuation that they are agreeing on is a value of $1m for the company after the new investment is made.  If Jack is the sole owner of one million shares before the new investment, then BigCo sells 333,333 shares to Venturo for $250k.  The new total number of shares of BigCo is 1,333,333; Venturo holds 25%, and Jack holds 75%. The amount that Jack originally invested in the company is irrelevant.  At the moment of the sale, the Venturo and Jack agree that Jack's stake is worth $750k.  The value of Jack's stake may have gone up, but he owes no capital gains tax, because he hasn't realized any of his gains yet.  Jack hasn't sold any of his stake.  You might think that he has, because he used to hold 100% and now he holds 75%.  However, the difference is that the company is worth more than was before the sale.  So the value of his stake was unchanged immediately before and after the sale. Jack agrees to this because the company needs this additional capital in order to meet its potential. (See ""Why is stock dilution legal?"") For further explanation and another example of this, see the question ""If a startup receives investment money, does the startup founder/owner actually gain anything?"" Your other scenario, where Venturo purchases existing shares directly from Jack, is not practical in this situation.  If Jack sells his existing shares, you are correct that the company does not gain any additional capital.  An investor would not want to invest in the company this way, because the company is struggling and needs new capital."


Rather than question the source, question the event, two North Korean ICBMs flew over Japan, in spite of THAD deployments, neither was intercepted.  What were they waiting for, as a missile from a hostile country flew thorough their air space, a mushroom? . . obviously it was a threat and should have been intercepted.  It certainly begs an answer, because it seems they were quite helpless and this article makes some very valid points.


All but certainly, Mitsubishi is selling so cheaply because of the fuel scandal. It has been providing false fuel efficiency data for decades. As a result, it may face significant penalties and may have lost the trust of consumers, who will now be less likely to purchase a Mitsubishi vehicle. Nissan is taking a controlling stake in Mitsubishi. This is important news for the company, too. The stock price reflects the consensus of investors on how significant these issues are. It's quite possible the stock will recover over the next few years, in which case it's a bargain at the moment. On the other hand, it's quite possible the company will never recover.


"No... that's just what I'm owed for letting them use my principal.  If I wanted to enjoy the opportunity cost of 0% interest for 13 plus years, I'd just keep the money in my ""savings"" account (where the 8th wonder of world, miracle of compound interest no longer exists).   The bigger question posited by my snark was if/when the bond market will stop trading them as legitimate paper."


Waiters are only 1 type of employee in a restaurant. If you work full time ANYWHERE doing ANYTHING you should afford rent and bills with a tiny bit left over. If not, you are by definition a slave. When all of your labor is spent on your mere existence, that is slavery.


What do you think Proposition 13 was in California?  It was a protest against property taxes that where paying for the California State education system, at the the time, one of best in the world, providing State funded education from kindergarten to University.


Dude, pitch deck is a hygiene factor. You need it. They're really hard to do right. It's hard to get the op to 'sell' without the deck in the first place. You might not get meetings.  Yes, if you have the connections and massive energy then you 'can' hustle through... but you need to follow the rules of the game if you want to win. Front's deck is one of the best. I've the largest public collection online (~90). It's easily the most common one I recommend to people (yes, it can be better). Linkedin with Reid's commentary is of course the most informative.   Do you know what the search volume is on pitch decks? Mine get literally millions of views a year according to slideshare and I've never marketed them. Founders want to see these decks


> There are growing signs that the business of high-speed trading, or electronic market-making as it is sometimes called, is shrinking because of the steadily declining volume on the world’s stock exchanges over the last four years.  Why is it shrinking? Less trading or more OTC and dark pools?


You're completely right. They absolutely have an interest in these things. That's why we should reign in Washington, strip it of its power to play favorites.  If government is allowed to stack the deck, its the people who end up losing. How often do politicians really fulfill their campaign promises? Rarely, if ever.


The short answer: it depends. The long answer.. Off the top of my head, there are quite a number of factors that an analyst may look at when analyzing a stock, to come up with a recommendation.  Some example factors to look at include: The list goes on.  Quite literally, any and all factors are fair game for a recommendation.  So, the question isn't really what analysts do with financial data, it is what do analysts do with financial data that meets your investment needs? As an example, if you have two analysts, one who is focused on growth stocks, and one who is focused on dividend growth, they may have completely different views on a company.  If both analysts were to analyze Apple (AAPL) 5 years ago, the dividend analyst would likely say SELL or at the most HOLD, because back then Apple did not have a dividend.  However, an analyst focused on growth would likely have said BUY, because Apple appeared to be on a clear upward trend in terms of growth.  Likewise, if you have analysts who are focused on shorting stocks, and ones who are focused on deep value investing, the sell analyst may be selling SELL because they are confident the stock will go down in price, so you can make money on the short position.  Conversely, the deep value investor may be saying BUY, because they believe that based on the companies strong balance sheet, and recent shake-ups in management the stock will eventually turn around.  Two completely different views for the same company: the analyst focused on shorting is looking to make money by capitalizing on falling share price, while the analyst focused on deep value is looking for unloved companies in a tailspin whom s/he believe will turn around, the thesis being that if you dollar-cost-average as the price drops, when it corrects, you'll reap the rewards. That all said, to answer the question about what analysts look for: So really, you should be looking for analysts who align with your investment style, and use those recommendations as a starting point for your own purchases.  Personally, I am a dividend investor, so I have passed many BUY recommendations from analysts and my former broker because those were based on growth stories.  That does not mean that the analysts, my former broker, or myself, are wrong.  But we were all incorrect given the context of how I invest, and what they recommend.


This sounds wonderful, and you sure are better at life than I am, but it's just not working right now at the country-wide level.  You and your friends are not part of the problem.  But the 30% or so profits made by the financial sector are just rents--[extra costs the rest of us have-nots have to fork over to the haves](http://blogs.reuters.com/felix-salmon/2011/03/30/chart-of-the-day-us-financial-profits/).  [Businesses have also been making sky-high profits and just sitting on the money](http://www.minnpost.com/eric-black-ink/2011/04/business-profits-soar-not-much-trickles-down-unemployed).  I don't see the reinvestment.  I just see a catch-phrase with no substance behind it.


Why on Earth would you get a MBA without experience.  Gl getting anything post MBA without internships or job experience.  This market is incredibly easy to find work.  I didn't even graduate with a finance degree and I found a financial services job.  Also many jobs help pay for the mba


"It's called a ""Pyramid scheme"". Its illegal in almost every country of the Western world. You're not going to earn lifetime income, of course, and these things collapse pretty quickly. Most of the ""common folks"" don't return the investment, its the organizers who take the money. Sometimes they run, most times they end up in jail. The way these schemes work is that they pay the early ""investors"" from the fees paid by new ""investors"". As long as a steady stream of new people keep signing up and paying into it those who got in very early make money. The idea is based on the geometric procession of each new person signing up two or more people, and those people doing the same. Pretty quickly at that rate you need to sign up every human being on the planet to keep the new money flowing in to make it work, which obviously is not realistic. Ultimately a small % of the people (if they can stay out of jail) will make a big amount of money the vast majority of ""investors"" get stiffed."


I swore off mcds back in 2002 have not had it since ex eat for breakfast but even places like chicken a FIL have them beat.  Shitty food made by shitty people, sorry but the people at chick a FIL  are much nicer and it improves the experience a lot


"Oh!  Well, on that mark, we are in agreement!  But we need to get to the source of the issue so we can correct it properly, rather than blanketing it as ""the government"".  Sources of issues:  1)  Lobbyists for special interests can actually push through garbage bills due to lack of knowledge by, and financial influences over, congress.  2)  Regulation groups are also infested with Lobbyists and special interest groups whose goals are counter to the regulating.  Regulators are being financially influenced as well.  3)  Voting is manipulated by Gerrymandering and inadequate voting systems.  First Past the Post removes choice from the voters in favor of the preferences of a ""faux"" two part system.  4)  Bills that already disrupt the healthy economic working of the nation are already in place and causing damage.  Things like the Post Office need revamped to foster competition rather than stifle it.  What else am I missing in this list?"


##Keating Five The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators – Alan Cranston (Democrat of California), Dennis DeConcini (Democrat of Arizona), John Glenn (Democrat of Ohio), John McCain (Republican of Arizona), and Donald W. Riegle, Jr. (Democrat of Michigan) – were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr., Chairman of the Lincoln Savings and Loan Association, which was the target of a regulatory investigation by the Federal Home Loan Bank Board (FHLBB). The FHLBB subsequently backed off taking action against Lincoln.  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/business/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index)   ^] ^Downvote ^to ^remove


Pot can affect competency. You are naive and biased to believe otherwise.   You argue that it never could cause problems. This is because YOU have never seen it happen.   The problem is you then discount any observations which go against what you have seen and been told by others. Others who have a vested interest in legalizing pot in all ways.   I know people who function just fine after a period of time from smoking.   I also know and have known  people who don't. Who prior to smoking pit where very timely and efficient at their jobs, then after starting to smoke became lazy and uncaring during work. With most, the ONLY thing that changed was they started smoking pot.   So you go ahead and avoid truths because you do not like them.


"IRA distributions are reported on line 15b on the standard form 1040.  That is in the same Income section as most of your other income (including that 1099 income and W2 income, etc.).  Its income is included in the Line 22 ""Total Income"", from which the Personal Exemption (calculated on 6d, subtracted from the total in line 42) and the Standard Deduction (line 40 - also Itemized Deduction total would be here) are later reduced to arrive at Line 43, ""Taxable Income"". As such, yes, he might owe only the 10% penalty (which is reported on line 59, and you do not reduce this by the deductions, as you surmised)."


I think this could be changed quickly if they were forced to participate in the markets.  Sadly I spent 3 years of my bachelors degree in finance studying EMH. Only in my last year, in two classes we covered the disiquilibrium.


"idea that somehow people will take a lower income job and automatically grow into a higher paying one.  It doesn't happen automatically. But it does happen all the time. It's climbing the corporate ladder if you will.   ""leads to trying to have a workforce that's minimum wage with little room for growth""  Simply untrue at most successful companies. If you provide value, they pay you what your worth or you jump (if you are smart enough). I see it all the time.   Minimum wage may or may not have kept up with inflation, by that's like saying working at McDonald's only affords me such and such lifestyle. Defined circumstances are required to solve the problem. Inflation isn't directly solved by upping the minimum wage so move on to a better solution.   ""Jobs a worthy cry but can't be only metric to ensure people have opportunity to live decently"".   Jobs are the opportunity. Where there is specific abuse in the workplace denying people equal job opportunity, we fight it. If you don't pay me enough, and I am forced to work for you... that's called indentured servitude which is an abuse and illegal as humans are property in such a case. But if you force me to pay you more than I want to, somehow that's okay? Goes both ways. Leave to a company that pays you what your worth if I don't pay you enough. This is how the most people grow over time to better salaries and more prestigious titles.  ""Lots of college grads with low paying jobs""  Define ""low paying"". I'm a college grad. Wife is too. Lots of people I know are. What $ we make varies greatly from person to person based largely upon the opportunities we created/took not because of a mandated min wage."


I'm going to be buying a house / car / home theater system in the next few months, and this loan would show up on my credit report and negatively impact my score, making me unable to get the financing that I'll need.


"Rick Wagoner may disagree with you- he was the CEO of GM, before Obama made the decision to ""dismiss"" him. So yes, it is absolutely possible and a reality to have a President make a choice like this. All of the workers for GM were affected by this decision, and the unions were obviously flummoxed.  [Here's an article](http://www.nationalpost.com/opinion/columnists/story.html?id=b4f1a67a-636c-4479-b6ec-6d5420529740) outlining what happened. The circumstances are different, but the possibility of a President having a direct effect over a business is quite real."


"The price of a company's stock at any given moment is established by a ratio of buyers to sellers.  When the sellers outnumber the buyers at a given price, the stock price drops until there are enough people willing to buy the stock to balance the equation again.  When there are more people wanting to purchase a stock at a given price than people willing to sell it, the stock price rises until there are enough sellers to balance things again.  So given this, it's easy to see that a very large fund (or collection of very large funds) buying or selling could drive the price of a stock in one direction or another (because the sheer number of shares they trade can tip the balance one way or another).   What's important to keep in mind though is that the ratio of buyers to sellers at any given moment is determined by ""market sentiment"" and speculation.  People selling a stock think the price is going down, and people buying it think it's going up; and these beliefs are strongly influenced by news coverage and available information relating to the company.  So in the case of your company in the example that would be expected to triple in value in the next year; if everyone agreed that this was correct then the stock would triple almost instantly.  The only reason the stock doesn't reach this value instantly is that the market is split between people thinking this is going to happen and people who think it won't.   Over time, news coverage and new information will cause one side to appear more correct than the other and the balance will shift to drive the price up or down.  All this is to say that YES, large funds and their movements CAN influence a stock's trading value; BUT their movements are based upon the same news, information, analysis and sentiment as the rest of the market.  Meaning that the price of a stock is much more closely tied to news and available information than day to day trading volumes.  In short, buying good companies at good prices is just as ""good"" as it's ever been.   Also keep in mind that the fact that YOU can buy and sell stocks without having a huge impact on price is an ADVANTAGE that you have.  By slipping in or out at the right times in major market movements you can do things that a massive investment fund simply cannot."


"As an absolute basic in life you always need 1 month's salary free and clear sitting in the bank. You do not have this. You don't even get to count that. It's what Napoleon would refer to as an ""iron reserve"": you have to have this. You actually won't even have this for some two or three months. Note that you have a staggering amount of debt. You have absolutely no assets. You own nothing. You have no savings. So at this point we can say ""Could your situation be any worse?"" and the answer is ""It could not be any worse."" On the ""good things in your outlook"" side you have the idea that you probably have a job (it's unfortunate how you refer to it as ""will pay"" when you mean ""might pay"") but you're in perhaps the highest-expense, most-flakey economic zone on Earth.  Recall that i) every company eventually closes and ii) every job eventually ends. The next incredible problem you face is that I'm guessing you just have no clue how expensive it is to insure and run a car. Any ideas of buying anything more than a junker is a non-starter, but on top of that you're not realizing how expensive it is going to be for you to run a car. Disturbingly, you have a very poor idea of even how far it is you have to drive each day. The only realistic solution for you is to bike each day to work (buy the cheapest possible bike); become the ""eccentric guy"" who really focusses on health. Bike in for an hour, shower at the office or a nearby gym, enjoy your day and bike home. You'll need a backpack to carry your pack lunch, buy the cheapest backpack. Since it's LA, it may be impractical. You may literally need a car. In that case, your only solution is That's the only thing you can do.  Plain lean on your parents or relatives to borrow some old car and use that. (It will still cost you an awful lot of money to do so - repairs, tires, insurance, and everything else.) A reminder, You do not have your one-month ""iron reserve"". You have a staggering amount of debt. You have absolutely no assets. You own nothing. You have no savings. Additionally you live with the parents; you have a dream of a job (in one the highest-priced, most flakey regions) and ""job"" is another word for no security - jobs evaporate all the time for many reasons. Please be careful. Regarding a car, find a way to borrow one; offer to make a repair on it, say.  Don't spend one cent on anything your first six months at work, concentrate only on your job.  See where you are after six months."


I'd say the opposite of hedging is speculating.  If you are convinced an asset will appreciate in value, or rather the probability of gains is enough to induce you to hold the asset, you are a speculator.  There are lots of ways of speculating, including holding risky assets without hedging that risk and possibly magnifying that risk and return via leverage or the embedded leverage in a derivative contract. Generally speaking, if in expectation you are paying to reduce your risk, you are a hedger.  If you are (in expectation) being paid to bear the risk that otherwise someone else would bear, you are a speculator.  The word speculation has been tainted by politicians and others trying to vilify the practice, but at the end of the day it's what we are all doing when we buy stock or any other risky asset.


Comcast has 19 million subscribers. Neither you or I have any idea what the tipping point would be for Netflix subscriber loss before they went out of business,  but I guarantee you the threshold is well below 19 million. Expecting Netflix to take a principled stance like that is ridiculous.


International Trade, the exchange of goods and services between nations. “Goods” can be defined as finished products, as intermediate goods used in producing other goods, or as raw materials such as minerals, agricultural products, and other such commodities. International trade commerce enables a nation to specialize in those goods it can produce most cheaply and efficiently, and sell those that are surplus to its requirements. Trade also enables a country to consume more than it would be able to produce if it depended only on its own resources. Finally, trade encourages economic development by increasing the size of the market to which products can be sold. Trade has always been the major force behind the economic relations among nations; it is a measure of national strength.


In a taxable account you're going to owe taxes when you sell the shares for a gain. You're also going to owe taxes on any distributions you receive from the holdings in the account; these distributions can happen one or more times a year. Vanguard has a writeup on mutual fund taxation.  Note: for a fund like you linked, you will owe taxes annually, regardless of whether you sell it. The underlying assets will pay dividends and those are distributed to you either in cash, or more beneficially as additional shares of the mutual fund (look into dividend reinvestment.) Taking VFIAX's distributions as an example, if you bought 1 share of the fund on March 19, 2017, on March 20th you would have been given $1.005 that would be taxable. You'd owe taxes on that even if you didn't sell your share during the year. Your last paragraph is based on a false premise. The mutual fund does report to you at the end of the year the short and long term capital gains, along with dividends on a 1099-DIV. You get to pay taxes on those transactions, that's why it's advantageous to hold low turnover mutual funds in taxable accounts.


"I find the sun country airline a unique example, it is owned by Marty Davis, CEO of Cambria (a countertop / stone tile company).   They use the airline to promote their countertop business with in- flight magazines and even and Cambria logo on the door of the plane as you walk in.  I have been a fan of Sun Country for a long time, but recently a new CEO took over and there was a memo leaked that they are going to start operating like an allegiant or Spirit ""super-discount"" airline.  I hope not, I choose sun country for the people that operate their planes and for the simple, no-bullshit, I buy a ticket, I get bags and a checked Bag is $25.  So far it's the only airline that I am a fanatic for, and I hope that their culture isn't sold in a race for the bottom dollar.  I am pretty sure that Marty Davis bought Sun Country with a deep discount after the Petters Group Worldwide Fraud became known.   Full history with some financial information if you're interested. It obviously isn't a ""Big"" Airline, but I am still a big fan.  https://en.m.wikipedia.org/wiki/Sun_Country_Airlines"


">Me: ""they pay it as regular income rather than LTCG"" >You: ""There's no LTCG tax on Roth accounts.""  Those two things aren't the same thing.  Among other problems, you were referring to tax-deferred accounts and I was referring to Roths.  >Me: ""they pay it as regular income rather than LTCG"" >You: ""You're only taxed once on the money""  Again, those are not the same thing.  There is no account out there where you would only pay LTCG tax.  So paying the tax as regular income RATHER than LTCG tax is not a concern.   >Me: ""they pay it as regular income rather than LTCG"" >You: ""The main advantage of 401ks is that you don't ever pay capital gains tax.""  Again, the word ""rather"" means there were two possible scenarios: paying regular income tax and paying LTCG tax.  This simply isn't true.   >I never mentioned Roth or taxable funds   Well, those are the only alternatives to a tax-deferred account, so...  >""Though what I said does also apply to Roth""  No it doesn't.    >""But please, keep digging...""  Nothing to dig for.  This isn't a difficult concept but for whatever reason you clearly don't understand it."


Summarized article: The Department of Commerce reported that retail sales increased 1.1% in September, exceeding analysts' expectations.  The biggest jump in consumer spending came from car sales, gasoline and electronics. Electronic sales jumped 4.5%, likely due to the debut of Apple's iPhone 5. Additionally, higher gas prices led to 2.5% increase in spending at gas stations.   The latest report suggests the economy is expanding as consumer spending drives about 2/3 of the US economy.   Other data showed manufacturing activity in New York state shrank for the third straight month as US manufacturers feel the effects of a slowing global economy.   Shares rose and yields on government debt increased as the retail sales report bolstered investor sentiment.  * For more summarized news, subscribe to the [/r/SkimThat](http://www.reddit.com/r/SkimThat) subreddit


> I do know Big Tobacco split their co's in half between domestic (US) and international operations due to the incredibly burdensome regulatory environment. It was holding back growth plans. There may be some of that here.  US Corps are also taxed on foreign earnings (unlike what other countries do).  Doing this probably raised their profits 20% on anywhere not called the USA.  Given that the domestic market for cigs is in constant decline, but not nearly as bad outside the US, it only makes sense to retain more earnings as the customer base shifts to strictly foreign.


"I laughed at this part:  *""The executive of the U.S. banking giant cited travels to countries such as France, Argentina, Israel and Ireland. The U.S. has become ""one of the most bureaucratic, confusing, litigious societies on the planet"" and ""it's hurting the average American that we don't have these right policies,"" he said.""*  Look - America is not ""the best country in the world.""  But compared to France, Argentina, Israel and Ireland I can say that we're doing OK.  France is the epitome of bureaucratic sclerosis.  Argentina has been in economic crisis mode for years.  As far as political dysfunction goes, Israel has its own problems with Zionist hardliners.  And as for Ireland, it takes more than making yourself a nexus for IP royalty collection.  A PO box is not a sustainable business model."


"GNUCash won't show 'Credit Card' type accounts in ""Process Payment"", as of v.2.6.1. A workaround is to create another  account of type A/Payable. Then, transfer the operations you want to pay via ""Process Payment"" to this new account. It should be visible now. A drawback is that you have split your current Credit Card debt, which makes it harder to track. Alternatively you may wish to only use this new account for all your credit card related expenses. Another alternative is processing payments for these purchases manually to keep the 'credit card' accounts consistent."


">The issue is they can't find people for what they want to pay  You are arguing effectively against your own position. In an age of double-digit unemployment and people scraping to survive, are you saying 100K isn't enough? What else do they have that is more attractive? McDonald's?  The truth is most ""Americans"" are not motivated, driven enough to take up STEM as a career. For the motivated, with sites such as Coursera, and tons of free resources, can self-train and self-learn. No need for Msft or Google training them = stop acting  like 5 year olds needing to be coddled."


In this example, Client A has to buy shares to return them to Client B for his sale (closing Client A's short position).  Client B then sells the shares.  The end result is there are no shares within the brokerage clientele anymore, so Client A can't borrow them anymore.    The broker is just an intermediary, they wouldn't go out and acquire securities on their own for the benefit of a client wanting to short it, as they would be taking on the risk of the opposite position.  This would be in addition to the risk they already take on when allowing people to short sell -- which is that Client A won't have the money to buy the shares it owes to Client B, in which case the broker has to make Client B whole.


"I was just going by [this](http://evonomics.com/amazon-accounting-corporate-profits-rich-peoples-income-invisible-bezos/) source and many like it.  They might not be reffering to _literal_ dividends but increased stock value.  Ultimately, I was responding to that idiot who said ""But a business making no profits to avoid tax is the worst tax planning advice I have ever seen!""..."


The strength of your plan is that you have considered that if you contribute early the the 401K you might not get the match, so you do stretch it out for the entire year..  One benefit to putting money into the HSA early is that it will be available if you need it early in the year if you have a major medical emergency in the first quarter. If you need to pay a $4,000 deductible in January because of Appendicitis you would hate to have to use post tax money to pay the bill. Of course If you have had the HSA for several years then this might not be a problem. If you haven't maxed the Roth IRA for 2013, you could make contributions to the IRA up until April 15 2014 to count for the previous year.  A risk with the HSA is if you leave your employer mid-year. You can keep the money, and use it for medical expenses, but if the new company doesn't have a an HSA/High Deductible plan you might have contributed too much.  The 401K, HSA, and IRA are annual limits. So if you will switch companies you are responsible for not going over the limit.


"The property tax valuation and the fair market price are NOT one and the same.  They track each other, correlate to each other, but are almost NEVER the same number. In some parts of the USA, a municipality has to re-assess property tax values every ten years.  In these places, the tax value of a property is on something like a 10-year moving average, NOT on the volatile daily market price. EDIT:  It is easy to fall into the ""trap"" of thinking that property tax valuation is intended to represent fair market value.  It's INTENT is to provide an accurate (or, as accurate as possible) RELATIVE VALUATION of your property compared to the other properties in the municipality. The sum of all the property values is the tax base of the municipality.  When the town budget (which is paid in part via property taxes) is set, the town simply divides the tax base into the budget total to arrive at the ratio of tax-to-collect, to the tax base, also called the ""tax rate per thousand dollars of valuation.""  i.e. if the town tax base is US$10,000,000, and the town budget is US$500,000, then the ratio is 0.05, or $50 per thousand dollars of valuation.  If your property is assessed at US$100,000, then you would pay 100 x $50, or $5000 in property taxes that year. Since this is the goal of the property tax valuation, NOT deciding what your house is worth on the open market, then we are left with the question of ""why use the market value of a house for property assessment?"" and the answer is that of all the various schemes and algorithms you can try, ""fair market value"" is the easiest and most accurate...IF TIME FLUCUTATIONS ARE TAKEN OUT.  For example, if I buy a house in a development for $250,000 today, and next summer the housing market crashes, and you buy the identical house next door to me for $150,000, it does NOT stand to reason that you should pay less taxes than me, because your house is ""worth"" $100,000 less.  In fact, BOTH our houses are worth $100,000 less. What matters most in property tax valuation isn't the actual number, but rather, is YOUR valuation the same as other essentially similar properties in your tax base?  Getting the RELATIVE ratio of value between you and your neighbors correct is the goal of property tax valuation."


r/shittydataisbeautiful/    The first 20 data points looks at his net worth on average every 2.25 yeras.  The last three data points look at it on average every 7.67 years.  I sure as hell hope his net worth grows by more every 7 years than every 2 years.  On top of that, this should be on a log scale as exponential growth is a pretty widely accepted concept of finance.


https://www.facebook.com/HyperinflatieVenezuela/  we have made a dutch facebook page about the hyper inflation in Venazuela. We would really aprichiate it if you could like it and check it out. even if you're not dutch becaus likes are a part of our grading


> Consider someone like Mitt Romney, whose income in 2010 was $21.7 million. Even if Romney chose to live a much more indulgent lifestyle, he would spend only a fraction of that sum in a typical year to support himself and his wife in their several homes. But take the same amount of money and divide it among 500 people—say, in the form of jobs paying $43,400 apiece—and you’ll find that almost all of the money gets spent.  Romney invests his money in the market right? It's not sitting under the mattress, so isn't his investment another form of consumption and therefore demand?


Today, music and entertainment are the most important activity which makes the best wedding, children’s party or any other event. Hiring a DJ service can be a very difficult task, but you can just chill! We will provide you best Dj service in Northampton. If you want to Children DJ for your baby birthday party, then you can visit our website and contact us. We will provide you DJ service at commit time. You can assure yourself that you can face the situation with us.


One of my ex-employers stateside had a BES policy that disabled Push after 8PM each night weeknights and all weekend long. Was pretty neat. Too bad their IT people also decided to twiddle every BES bit they could find including encryption, memory scrubbing while idle, disabling USB mass-storage mode, and disabling MMS. We finally got them to reverse the USB mass-storage gaffe but they left encryption turned on for the SD card so if the phone died, your data on SD was gone.  This whole employer/personal phone thing is a tough nut to crack. Solutions will be interesting to see. I like one paradigm on Android phones, installing a third-party Outlook replacement such as RoadSync (not a plug, it's just one I found that had features I liked, the UI is actually kinda weird, using radio buttons in e-mail lists that also act as checkboxes and whatnot) and have the third-party Outlook replacement enforce necessary Exchange policy on the application itself, if the app gets wiped, the app loses its data but user data is left intact. The neat thing I like about such software is most has scheduling, so YOU can control when you want it to stop checking e-mail. Mine stops in the evening and weekends and starts back up in the morning.  Nokia had a pseudo-interesting method where you could have a home profile and a work profile but that mostly controlled ringtones, etc.  Some have suggested doing a hypervisor scheme where you run two OSes concurrently and one is work, one is personal...it's a tough situation. Employers want to maintain a vice grip on their data, but people don't want an electronic tether, as it were. Carrying two devices for most people is impractical.  Silly world with your technology.


If you can make enough ROI from the capital you retain by not paying off your mortgage, then why not? I do, I could pay off a significant chunk of mortgage if I wanted but whilst interest rates are low there's little incentive. As for another crash... Well, there's no reason to expect a crash would result in high interest rates, more the opposite, but you should consider what you would or could do if interest rates did jump to 15% for whatever reason. As long as your investments aren't too risky or difficult to liquidate, etc, you could always consider paying off a big chunk then, when it makes sense.


Because your profit from the capital IS 100 quid. Capital gains is not like running a business and doesn't come with tax deductions. It's up to you to pick saving scheme that maximizes your profit (either via low costs or highest possible rate).


"Good question.  And it depends a bit on your current plan, your future income, and the plan you are moving too. Mostly you want to roll out of your existing 401K.  There will likely be a fee, and your investment choices are limited.  You will want to do a direct transfer, and going with a quality company such as Fidelity or Vanguard.  Both of those have zero fees for accounts and pretty good customer service. However, if your future income is likely to be high there is something else to consider.  If you are over the limits do a ROTH, and are considering doing a ""Backdoor ROTH"" a key success for this strategy is keeping your roll over IRA balance low (or zero).   So you may want to either leave the 401K where it is, or roll it to your new 401K plan.  In that case you will have to call the two 401K custodians, and select the best choice as far as fees and fund choice."


I said the point is to create value. For a growth company, the best way to create value is to reinvest cash in the business and grow the company so that they can have larger earnings and therefore larger dividends in the future.  For a company like Apple, which is no longer a growth company, they should be distributing earnings instead of hoarding them and essentially buying treasuries on their shareholders' behalf.


If PayPal won't accept the VCC number, then by definition you can't do this. If you want to know whether there's a way to get special permission or bypass that restriction... I'm afraid the right thing to do is ask PayPal. Yes, I know their customer support is awful, but this is a classic customer support question, and they know the internals of their system better than any of us possibly could.


"To answer length validity and security implications of draft checks issued and negotiated within the United States, I am heavily addressing the common erroneous assumptions of where the funds sit while they're ""in"" a draft check and how to get them out. Tl;Dr The existing answers are incomplete and in some ways dangerously misleading. Jerry can still be potentially defrauded by Tom, and even if the check is legitimately drawn and negotiable, Jerry may still experience delayed access to the funds. The funds sit in an account held by the issuing bank. As long as the bank has sufficient funds, the check does. However, there are significantly more factors that go into whether a check will be returned unpaid (""bounce""). If I hand you $5000 in cash, will you give me $5000 in cash? Probably, and you'd probably be pretty safe. How about I give you a $5000 draft check, will you give me $5000 in cash without doing anything except looking at it to verify the check? I hope not (Cash America sure wouldn't) but people sell expensive goods with the ""same as cash"" attitude. Remember: The only non-cash form of payment which cannot somehow be held, reversed or returned unpaid in the U.S. without consent of the receiving party is a payment order (a.k.a wire transfer)! The draft check is ""as good as cash"" in the sense that the money for a draft check is withdrawn from your account before the check is negotiated (deposited). This does NOT mean that a draft check will not bounce, so Jerry is NOT as secure in handing the goods to Tom as if Tom had handed him cash, as it is still a check. Jerry's bank will not receive the funds for Tom's draft check for an average 3 to 5 business days, same as a personal check. Jerry will probably have access to the first $5000 within two business days... provided that he deposits the draft check in person at his bank's branch or in a bank-owned ATM. In the United States, Regulation CC governs funds availability. Regarding official, draft, or tellers checks: ""If the customer desires next-day availability of funds from these checks, [your bank] may require use of a special deposit slip.""  Mobile deposit availability in the U.S. is NOT regulated in this way and will likely be subject to a longer hold on more, if not all, of the check! Draft checks, don't, as a habit, ""bounce"" in the colloquial sense of ""returned for insufficient funds."" This is because they are prepaid and drawn upon a financial institution's account. Banks are insolvent far less frequently than other businesses or individuals. Draft checks, tellers checks, official checks, bank checks, etc CAN, however, be returned unpaid if one of the following is true: As an aside: an institution is not obligated to honor a stale dated check, but may do so at its discretion. If you have a personal check outstanding for over 6 months, it may still clear and potentially overdraw your account. In this case, contact your bank ASAP to process a reversal. The depositing bank mis-scans the check and the issuing bank refuses the resulting data. I have seen systems mis-read which data field is which, or its contents. Also, there is the possibility the image if the check will be illegible to the issuing bank. The draft check has been cancelled (stop paid). This can happen if:  a) The check was fraudulently bought from the issuing bank using Tom's account  b) Tom has completed an indemnification agreement that the check was lost or otherwise not used for its intended purpose, without fraud having occurred against Tom c) The draft check is escheated (paid to the state as unclaimed property). This case is a subset of case 1, but will lead to a different return reason stamped on the (image replacement document of) the check. The draft check was never any good in the first place. Because of the perception that draft checks are as good as cash (they're not but are a lot better than personal checks), forgery and attempted fraud is shockingly common. These aren't actually underwritten by a real bank, even if they appear to be. The only money ""in"" them is what the fraudster can get out of you. Jerry did not properly endorse the check before presenting it for deposit or otherwise negotiating it. In my time in banking, I most commonly saw cases 3 and 4. Unlike most counterfeit cash, case 3 will fool Jerry and Jerry's teller. Tom gets an immediate payout (a car, a wire transfer, a payday loan, etc) and Jerry's bank doesn't know the check isn't valid until they call the alleged issuing bank to verify its negotiability, or in the case of smaller checks into lower-risk accounts, it is simply returned unpaid as fraudulently drawn. To conclude: Call the alleged issuing bank's verification line before handing over the goods, always properly endorse your deposits, and address what happens if one does not receive or collect on prompt payment in your contracts."


Form 1127 (updated link) should be filed in paper (with the supporting documents) to the IRS office that has jurisdiction in the area where you live. From the instructions (see the link above):  File Form 1127 with the Internal Revenue Service (Attn: Advisory Group   Manager), for the area where you maintain your legal residence or   principal place of business. See Pub. 4235, Collection Advisory Group   Addresses, to find the address for your local advisory group. However, if the tax due is a gift tax reportable on Form 709, send Form 1127   to: Department of the Treasury Internal Revenue Service Center Cincinnati, OH 45999


Nolube's brain is in his bowels. green-light is pissed as hell. I hope that guy I told to buy it in investing did so. I suggested he sell half at $5.60 then put a stop loss on the rest at $5.30. That was a very conservative idea, but I didn't know his risk scenario.


They want my online banking username and password. I don't know if it's a scam. It can't be any more obvious than that. Never, ever, ever, ever, ever, EVER give your online banking password to ANYONE. Not your lawyer, not your bank's local branch manager, not your best friend, not your wife, not your mother, and certainly not some random person on the street/Facebook/the Internet.


Apply as many deductions as you are legally entitled to. Those are taxes you may never ever pay.  Then turn around and put any more monies above the maximum retirement contributions into a taxable account. But this time invest in tax efficient investments. For example, VTI or SPY will incur very minimal taxes and when you withdraw, it will be at lower tax rate (based on current tax laws). Just as you diversify your investments, you also want to diversify your taxes.


Sure these groups suck ass but Paypal should act as a utility. Otherwise where do you draw the line? Do all businesses become politically driven entities? Do lobbyists start drilling for dirt and reasons to pull services form their competitors, or even make it up? I get **this** is good, and usually I'm not a fan of the slippery slope style arguement, though in this situation for what is largely an essential service it seems valid.


Wayshopy -  Tech Mech Mechanical Vehicle Jack has Small compact design which makes it easy for storing. It is Ideal for emergency roadside repairs, and as a replacement to that missing jack. Lift your car and easily change the flat tyre with no special requirement of strength & provides a quick operation. It is Reliable & portable. This powerful jack is designed in such a manner that makes it easy to lift your vehicle and to easily change the flat wheel of your car.


I know it's not called SAC anymore because they had to change it once they went private, no one knows them by their new name so I still refer to then by SAC. Oh and that last comment was cute, I proved you wrong and I'm the dipshit for writing an irrelevant comment, your going places in life...hahaha


"Their algorithm may be different (and proprietary), but how I would to it is to assume that daily changes in the stock are distributed normally (meaning the probability distribution is a ""bell curve"" - the green area in your chart).  I would then calculate the average and standard deviation (volatility) of historical returns to determine the center and width of the bell curve (calibrating it to expected returns and implied volaility based on option prices), then use standard formulas for lognormal distributions to calculate the probability of the price exceeding the strike price. So there are many assumptions involved, and in the end it's just a probability, so there's no way to know if it's right or wrong - either the stock will cross the strike or it won't."


"Excuse me for not giving full and unswerving defference in matters financial to a guy who was found with, ""drugs in his pocket, a rope around his neck that was tied to his genitals, and a sex toy in his boot.."".  In Central Park. Any argument this journalist putz makes is immediatley invalidated by his actions. Here's the link: http://www.huffingtonpost.com/2008/04/18/richard-quest-cnn-reporte_n_97466.html"


They are behind in speed and specs but nlt design and functionality.  I prefer my girlfriends 2 year old xperia arc to my dual core motorola. The sony is only a bit slower but takes way better photos is much more comfortable to use has amazing headphone jack sound quality and gets great battery life.  also the screen is like 100 times better.  The motorola is basically. .. Just   little faster.   But the arc is perfectly fast.     So yes they are a bit behind but priced reasonably.


Yes. I'm saying that in 2017 we have both cheaper and safer souces of energy than burning dead dinosaurs. But that's an overstatement. The market has already spoken and the coal jobs are not coming back despite what dear leader has told you.


"This is the best tl;dr I could make, [original](https://phys.org/news/2017-04-money-wealthy-wealthier-carbon-emissions.html) reduced by 90%. (I'm a bot) ***** > Across the U.S., state-level carbon emissions are higher in states where income is more highly concentrated among the wealthiest residents, according to a new study by two Boston College researchers.  > The study, by sociologists Andrew Jorgenson and Juliet Schor, is the first to link income inequality and carbon emissions within and across the individual U.S. states.  > &quot;What we find here in the context of income inequality and carbon emissions is that it&#039;s about the concentration of income at the top of the distribution,&quot; said Jorgenson.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6jrt4w/money_to_burn_as_the_wealthy_get_wealthier_carbon/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~153695 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*: **income**^#1 **carbon**^#2 **state**^#3 **U.S.**^#4 **inequality**^#5"


The rights to the future merchandising alone will make a profitable return on the purchase. Not to mention the new trilogy and a brand new theme park to go with it.   I honestly have no idea how you came to the conclusion you did, unless you're somehow of the opinion that Star Wars is a passing fad.


Some folks are speculating that they did this to propagate the Amazon Go technology, which I don't think WFM customers would like very much (shopping at Whole Foods is a social experience). Others have even speculated it's a deal to acquire more real estate. Seems to me like they just took over the grocery-delivery space. And they'll probably crush it. There's a Whole Foods about five blocks from my house, but when I'm drunk and having a party I'd rather not get in the car to pick up more charcuterie or wine. Would be dope if I could get a quick delivery whose extra costs were covered by my prime membership.


The equation you show is correct, you've simply pointed out that you understand that you buy at the 'ask' price, and later sell at the 'bid.' There is no bid/ask on the S&P, as you can't trade it directly.  You have a few alternatives, however - you can trade SPY, the (most well known) S&P ETF whose price reflects 1/10 the value or VOO (Vanguard's offering) as well as others. Each of these ETFs gives you a bid/ask during market hours. They trade like a stock, have shares that are reasonably priced, and are optionable.  To trade the index itself, you need to trade the futures. S&P 500 Futures and Options is the CME Group's brief info guide on standard and mini contracts.  Welcome to SE.


I missed the data about rich parents, maybe you can point that out to me  >Data from the Global Entrepreneurship Monitor show that more than 80% of funding for new businesses comes from personal savings and friends and family.  Yes, life is a lottery and successful people are just lucky and if you are a loser it's not your fault.


I know an old retired Asian couple that each have 2 pensions. They worked from their teens and worked their asses off. The wife still works as a part time consultant because her second job was so specialized and she gets bored at home very easy. I saw their finances once and its just on a level I've never seen before or since. It's like they planned ~6 decades of their lives as teens and they stuck with the plan


A lot of our people work from home so conference calls are nice and quick. Lots of beeps when people who are finished with their part hang up too. From my experience this is a brick and mortar workplace phenomenon. Remote employees dont care about hanging around for nothing.


I thought we could have a friendly conversation, but it seems like this went out the window; I feel very comfortable given that 4 of my years at my current firms were about analyzing those fees and how open each of the firms are open about the rebates Prices, as well as exchanges having the same openness about it.   The current volume intraday is around 5.6B shares traded; when it used to be 100 times bigger around 2010; you do not make a significant part of money with the lack of volitality and volume on the markets today. The author is just a sheltered university teacher that does not seem to know what reality looks like, and you seem to protect him which speaks volume about you as well.


HSA accounts come with various rules intended to ensure that the pre-tax money you have opted to put into your HSA account is indeed used for appropriate purposes. Most employers don't handle these accounts in-house but contract with a company or bank who offers to take care of the details and the necessary accounting: the money is simply sent to the bank, and it is the bank that is responsible for ensuring that the money is indeed used appropriately. Now, if you say that you want Wells Fargo (to pick another bank as an example) to handle your HSA account, the  employer will likely need to have a  contract with Wells Fargo too, and Wells Fargo will charge you fees to handle  the account also.  Whether you will be any happier with Wells Fargo's fees for a one-off HSA account versus Chase's fees where a (smaller) bulk rate might be charged is something that you should find out before approaching your employer with a request to have Wells Fargo handle your HSA account.


It all depends on whether you can manage your money or not. Many people are incapable of doing so in a responsible way. Like any service, you get what you pay for -- active management costs money!


Which is generally the better option (financially)? Invest. If you can return 7-8% (less than the historical return of the S&P 500) on your money over the course of 25 years this will outperform purchasing personal property. If you WANT to own a house for other reason apart from the financial benefits then buy a house. Will you earn 7-8% on your money, there is a pretty good chance this is no because investors are prone to act emotionally.


We should be commending this behavior. Pink mustaches are ugly and a blight on my city's landscape. Stupid, whimsical companies deserve to fail, hard, onto their face.   tl;dr - can't wait for uber to slip the knife in and kill this travesty for good.


Imagine how foolish the people that bought Apple at $100 must have felt. It was up tenfold for the $10 it traded at just years prior, how could it go any higher?  Stocks have no memory. A stock's earnings may grow and justify the new higher price people are willing to pay. When FB came public, I remarked how I'd analyze the price and felt it was overvalued until its earnings came up. Just because it's gone down ever since, doesn't make it a buy, yet.


In a year with no income, the best advice is to convert existing IRA money to Roth. This lets you take advantage of the 'zero' bracket, the combination of your exemption and standard deduction. This adds to $10,300 for a single person.  Other than that, if you are determined to take the money out, just do it. There would be a 10% penalty of the growth, but the original deposit comes out tax free anyway.  Edit - There's a rule that if you sell your entire Roth account (i.e. all Roth accounts, you can't pick one of a few) and have a loss, you can take that loss. (Per Dilip's comment, this strategy is pretty moot, it's not a loss taken against other income as a stock loss would potentially be))


Assuming you're in the US, you can also access CPI for major cities / regions. The  US Bureau of Labor Statistics (BLS) publishes a PDF each month with details on how prices of services, food, and other goods has increased or decreased: http://www.bls.gov/cpi/tables.htm


"Defining parity as ""parity is the amount by which an option is in the money"", I'd say there may be an arbitrage opportunity. If there's a $50 strike on a stock valued at $60 that I can buy for less than $10, there's an opportunity.  Keep in mind, options often show high spreads, my example above might show a bid/ask of $9.75/$10.25, in which case the last trade of $9.50 should be ignored in favor of the actual ask price you'd pay.  Mispricing can exist, but in this day and age, is far less likely."


The CCAPM attempts to link asset prices/equity risk premiums to the 'intertemporal substitution of consumption' instead of the normal beta. So essentially what it's trying to say is you prefer to smooth consumption, you hate volatile consumption patterns, therefore you demand higher returns in booms and will settle for lower returns in downturns. (It may sound counter-intuitive at first, but think in terms of marginal utilities, in booms your marginal utility is lower as you're already well off, therefore you demand more of an asset).   The CCAPM tries to link asset prices to real economic theory (consumption) whereas CAPM is derived from the assumption that investors only care about mean and variance of returns (no real link to the real side of the economy).   There are almost no real world applications for the CCAPM. Empirically it is almost a complete failure, complex extensions have only gotten it so far, see the 'equity premium puzzle' by Mehra and Prescott (1985).


Good news: the car is so heavily reserved you won't be able to buy it for 2 or 3 years. The Beta should be over then.  And did the X get terrible reviews by Consumer reports? Yes. Is it because of crazy shit like it's Gull Wing doors? Does the M3 have that? Not at all.


"I have been working and studying at the same time since I was 13... for all purposes, when I finished high school, I was working and studying part time... until I got my B.Sc in Computer Science and Masters in Business Administration (MBA)... developed my career and now I am a senior executive making excellent money and supervising many people.  In retrospect, my degrees did not help me at all in my career in the sense that did not teach me anything of significance for real work and career life, nor did they lend me my first jobs. **Colleges and universities are mostly to find who is better in studying... in the hope that if they study well, they will do well in their career... because they can study well.** Mostly not true and does not work this way!    However(!!!), without a degree (piece of paper), I could not advance to my current position because ""degree required for this position"".  One more thing, very important: when I studied for my MBA, and worked full(!) time, I had no choice but to take night classes (City University of NY, Baruch College, one of the best business schools in the country). **This was the best experience I had in all the of my college studies!** Why? Because all(!) the professors who teach in the night were working in the morning in their normal jobs - none of them were tenured professors.  They were real business people, grounded, know what they are talking about, and they were teaching because they loved to teach and share the experience and knowledge. **Do you understand what I am saying here?**  So, I did not get the theoretical nonsense from them. They actually taught us what really happens, the real approach to things, and the real issues to address.  P/S: My son is following my way. Since he was 11, he works in the areas he like (Minecraft) and he made money since then, running classes, getting to know people in the field, getting experience, getting work ethics, etc. If he wants to go to Harvard, fine with me, but I think he just need to go to ""reasonable"" low cost college to get those pieces of papers called ""Diplomas""."


There are a few company they can help you open an offshore account. I searched and found rtrsupportslimited.com on another discussion forum. It is a company which does the exact same thing. I got my own company incorporation and bank account from them.


Jason McDowell is a dog breeder specializing in breeding dogs or various breeds. You can bring home the puppy you always wanted by choosing from our selection of puppies. Jason McDowell not only breeds dogs, he also trains them to provide a puppy that is well behaved and friendly.


Sorry, you cannot transfer EPF into PPF. The investments in PPF are limited to 150,000 per year. Withdrawal is in 7th year, i.e. After completion of 6 financial years. 50% of the Balance of 4th year can be withdrawn. 2.Withdraw the money and find a new form of investment. This is definitely possible. A lump sum investment into NPS [New Pension Scheme] or various Retirement schemes, or equity / real estate etc Is there any other 3rd solution for this situation? Keep the money AS-IS as the money will still continue to grow. The interest is stop getting accrued after 3 years of NO contribution. Within 36 months if an account will not get any deposit then it will be considered as dormant/inactive account. So you can wait for sometime before you decide to withdraw.


Yea, people just don't get it. This is how much it costs to run and promote events. The reason Ticketmaster exists as a so-called monopoly is because local/regional promoters were getting killed by poor attendance on too many shows. So Ticketmaster came into existence because they were spreading the losses/profits of individual shows across the national spectrum. Additionally, bands started to ask for more and more money (in the form of upfront guarantees), and this has worsened since CD sales have collapsed and touring is their primary form of income.


Its hard to write much in those comment boxes, so I'll just make an answer, although its really not a formal answer. Regarding commissions, it costs me $5 per trade, so that's actually $10 per trade ($5 to buy, $5 to sell).  An ETF like TNA ($58 per share currently) fluctuates $1 or $2 per day.  IXC is $40 per share and fluctuates nearly 50 cents per day (a little less).  So to make any decent money per trade would mean a share size of 50 shares TNA which means I need $2900 in cash (TNA is not marginable). If it goes up $1 and I sell, that's $10 for the broker and $40 for me.  I would consider this to be the minimum share size for TNA.  For IXC, 100 shares would cost me $4000 / 2 = $2000 since IXC is marginable.  If IXC goes up 50 cents, that's $10 for the broker and $40 for me.  IXC also pays a decent dividend.  TNA does not.  You'll notice the amount of cash needed to capture these gains is roughly the same. (Actually, to capture daily moves in IXC, you'll need a bit more than $2000 because it doesn't vary quite a full 50 cents each day). At first, I thought you were describing range trading or stock channeling, but those systems require stop losses when the range or channel is broken.  You're now talking about holding forever until you get 1 or 2 points of profit.  Therefore, I wouldn't trade stocks at all.  Stocks could go to zero, ETFs will not.  It seems to me you're looking for a way to generate small, consistent returns and you're not seeking to strike it rich in one trade.  Therefore, buying something that pays a dividend would be a good idea if you plan to hold forever while waiting for your 1 or 2 points. In your system you're also going to have to define when to get back in the trade.  If you buy IXC now at $40 and it goes to $41 and you sell, do you wait for it to come back to $40?  What if it never does?  Are you happy with having only made one trade for $40 profit in your lifetime?  What if it goes up to $45 and then dips to $42, do you buy at $42?  If so, what stops you from eventually buying at the tippy top?  Or even worse, what stops you from feeling even more confident at the top and buying bigger lots?  If it gets to $49, surely it will cover that last buck to $50, right? /sarc What if you bought IXC at $40 and it went down.  Now what?  Do you take up gardening as a hobby while waiting for IXC to come back?  Do you buy more at lower prices and average down?  Do you find other stocks to trade?  If so, how long until you run out of money and you start getting margin calls?  Then you'll be forced to sell at the bottom when you should be buying more. All these systems seem easy, but when you actually get in there and try to use them, you'll find they're not so easy.  Anything that is obvious, won't work anymore.  And even when you find something that is obvious and bet that it stops working, you'll be wrong then too.  The thing is, if you think of it, many others just like you also think of it... therefore it can't work because everyone can't make money in stocks just like everyone at the poker table can't make money.  If you can make 1% or 2% per day on your money, that's actually quite good and not too many people can do that.  Or maybe its better to say, if you can make 2% per trade, and not take a 50% loss per 10 trades, you're doing quite well. If you make $40 per trade profit while working with $2-3k and you do that 50 times per year (50 trades is not a lot in a year), you've doubled your money for the year.  Who does that on a consistent basis?  To expect that kind of performance is just unrealistic.  It much easier to earn $2k with $100k than it is to double $2k in a year.  In stocks, money flows TO those who have it and FROM those who don't. You have to plan for all possibilities, form a system then stick to it, and not take on too much risk or expect big (unrealistic) rewards. Daytrading You make 4 roundtrips in 5 days, that broker labels you a pattern daytrader.  Once you're labeled, its for life at that brokerage.  If you switch to a new broker, the new broker doesn't know your dealings with the old broker, therefore you'll have to establish a new pattern with the new broker in order to be labeled.  If the SEC were to ask, the broker would have to say 'yes' or 'no' concering if you established a pattern of daytrading at that brokerage. Suppose you make the 4 roundtrips and then you make a 5th that triggers the call.  The broker will call you up and say you either need to deposit enough to bring your account to $25k or you need to never make another daytrade at that firm... ever!  That's the only warning you'll ever get.  If you're in violation again, they lock your account to closing positions until you send in funds to bring the balance up to $25k.  All you need to do is have the money hit your account, you can take it right back out again.  Once your account has $25k, you're allowed to trade again.... even if you remove $15k of it that same day.  If you trigger the call again, you have to send the $15k back in, then take it back out. Having the label is not all bad... they give you 4x margin.  So with $25k, you can buy $100k of marginable stock.  I don't know... that could be a bad thing too.  You could get a margin call at the end of the day for owning $100k of stock when you're only allowed to own $50k overnight.  I believe that's a fed call and its a pretty big deal.


Originally dollars were exchangeable for specie at any time, provided you went to a govt exchange. under Bretton Woods this was a generally fixed rate, but regardless there existed a spread on gold. This ceased to be the case in 71 when the Nixon shock broke  Bretton woods.


True but I also hate when companies try to sell me products.  When I watch a documentary I want to see little bias (there is always some).  This guy uses sensational reporting to try and sell viewers on the notion that everything from an animal is terrible for you and plant foods are the only possible solution.  It's a load of shit just the same way weight loss pills are a load of shit.      My issue is that it's a documentary not a fucking ad. The dude isn't even subtle about his bullshit so he has absolutely no credibility in my eyes.  He presents veganism like he's trying to convert you to a religion (which I understand it basically is for many).


"Great question. There are several reasons; I'm going to list the few that I can think of off the top of my head right now. First, even if institutional bank holdings in such a term account are covered by deposit insurance (this, as well as the amount covered, varies geographically), the amount covered is generally trivial when seen in the context of bank holdings. An individual might have on the order of $1,000 - $10,000 in such an account; for a bank, that's basically chump change, and you are looking more at numbers in the millions of dollars range. Sometimes a lot more than that. For a large bank, even hundreds of millions of dollars might be a relatively small portion of their holdings. The 2011 Goldman Sachs annual report (I just pulled a big bank out of thin air, here; no affiliation with them that I know of) states that as of December 2011, their excess liquidity was 171,581 million US dollars (over 170 billion dollars), with a bottom line total assets of $923,225 million (a shade under a trillion dollars) book value. Good luck finding a bank that will pay you 4% interest on even a fraction of such an amount. GS' income before tax in 2011 was a shade under 6.2 billion dollars; 4% on 170 billion dollars is 6.8 billion dollars. That is, the interest payments at such a rate on their excess liquidity alone would have cost more than they themselves made in the entire year, which is completely unsustainable. Government bonds are as guaranteed as deposit-insurance-covered bank accounts (it'll be the government that steps in and pays the guaranteed amount, quite possibly issuing bonds to cover the cost), but (assuming the country does not default on its debt, which happens from time to time) you will get back the entire amount plus interest. For a deposit-insured bank account of any kind, you are only guaranteed (to the extent that one can guarantee anything) the maximum amount in the country's bank deposit insurance; I believe in most countries, this is at best on the order of $100,000. If the bank where the money is kept goes bankrupt, for holdings on the order of what banks deal with, you would be extremely lucky to recover even a few percent of the principal. Government bonds are also generally accepted as collateral for the bank's own loans, which can make a difference when you need to raise more money in short order because a large customer decided to withdraw a big pile of cash from their account, maybe to buy stocks or bonds themselves. Government bonds are generally liquid. That is, they aren't just issued by the government, held to maturity while paying interest, and then returned (electronically, these days) in return for their face value in cash. Government bonds are bought and sold on the ""secondary market"" as well, where they are traded in very much the same way as public company stocks. If banks started simply depositing money with each other, all else aside, then what would happen? Keep in mind that the interest rate is basically the price of money. Supply-and-demand would dictate that if you get a huge inflow of capital, you can lower the interest rate paid on that capital. Banks don't pay high interest (and certainly wouldn't do so to each other) because of their intristic good will; they pay high interest because they cannot secure capital funding at lower rates. This is a large reason why the large banks will generally pay much lower interest rates than smaller niche banks; the larger banks are seen as more reliable in the bond market, so are able to get funding more cheaply by issuing bonds. Individuals will often buy bonds for the perceived safety. Depending on how much money you are dealing with (sold a large house recently?) it is quite possible even for individuals to hit the ceiling on deposit insurance, and for any of a number of reasons they might not feel comfortable putting the money in the stock market. Buying government bonds then becomes a relatively attractive option -- you get a slightly lower return than you might be able to get in a high-interest savings account, but you are virtually guaranteed return of the entire principal if the bond is held to maturity. On the other hand, it might not be the case that you will get the entire principal back if the bank paying the high interest gets into financial trouble or even bankruptcy. Some people have personal or systemic objections toward banks, limiting their willingness to deposit large amounts of money with them. And of course in some cases, such as for example retirement savings, it might not even be possible to simply stash the money in a savings account, in which case bonds of some kind is your only option if you want a purely interest-bearing investment."


Just use a credit card like AMEX Blue that categorizes your purchases, and reconcile at the end of the month. There is no good reason to use a debit card.


Ah, my bad! You are refering to the study's methodology, right?  In the introduction of the study, they mentioned that several countries have repealed their wealth tax, so I got the understanding that they used those instances as exogenous events from which they could draw conclusion.  Upon reading more carefully, it does indeed seem like this study did a cross sectional study over time instead.


I am going to add in an opinion here from the Wall Street Journal that I read this morning in What's at Stake in the Greek Vote, in light of current events and elections in Greece. The article claims that if the election results make it sound like a break from the Euro is imminent then ... we will see a full-fledged bank run. Greek banks would collapse ... The market exchange-rate would likely be two or three drachmas to the euro, which would double or triple the Greek price of imported goods within a few days. Prices of assets, including real-estate assets, would crumble. Those who moved their deposits abroad would be able to buy these assets cheaply, leading to a significant, regressive redistribution of Greek wealth. In short, you'd lose two-thirds of your savings unless you were storing them somewhere safe from the conversion. The article also predicts difficulty importing goods (other nations will demand to be paid in euro, not drachma) leading to disruption of trade and various supply shortages.  I will note that the predictions here seem to be in opposition to some other advice here which suggests that real estate will be an effective hedge.


Go the opposite approach.  Budget a certain amount of cash and keep it combined.  Don't exceed it (but next time budget more if you need to).   If you were in the USA (where card acceptance is near universal) what I do is simply use my visa check card for all purchases and download it to my personal finance software, where you can assign categories.


If you suffer from ankle or foot pain, you need to visit Preferred Foot and Ankle Specialist Gilbert AZ. Recommending Dr. Mikkel Jarman, DPM, Gilbert Podiatrist. Contact 480 497-3946 or PreferredFootAnkle.com. He's considered one of the very best Gilbert AZ Foot Doctors offering effective relief.


Facebook is currently the most often visited site on the web. So it only follows that we as marketers should take full advantage of all the promotional possibilities it offers.  Facebook adder software makes it super simple to market to whatever demographic you’re marketing to as well as whatever niche you’re tapping into.  Currently you’ll find that there are several tools out there that are used for sending out multiple friend requests at a time. Yet although, there are a relatively large number that will actually get the job done, only smaller fraction of these types of programs can perform this action without getting your account banned.  Facebook is fairly vigilant with respect to their methods of detecting spam. Therefore, if you decide to use an automated process to build your fan page, you must be somewhat strategic in your methodology. The application you use, must allow you to easily set things such as how many friend request you can make and over what period of time you can make them. You should try to keep the number of friend request per day under 50, because  sending out 100′s of request per day will surely get you banned.


Yes, any company can go under. SIPC offers a level of protection. They don't guarantee against stocks dropping, but will replace stocks that you owned, but the broker stole from you. (overgeneralization). There's a $500K limit, with $250K max in cash.


I do not fully understand the transactions involved, but it appears that there was a reverse stock split (20:1) and some legal status change as well on June 29th. This seems to be the cause for the change in valuation of the stock as the dates match the drop. https://www.otcmarkets.com/stock/RMSLD/filings


"Articles like this are the reason why nothing will ever change. Accusing Walmart of ""refusing"" to raise wages and ""abusing"" its employees is what you say when you're a small time blogger that just wants hits."


There are 2 schools of thought in determining the price of a future contract in a day prior to expiration.  The cost of carry model, states that the price of a future contract today is the spot price plus the cost of carrying the underlying asset until expiration minus the return that can be obtained from carrying the underlying asset.  FuturePrice = SpotPrice + (CarryCost - CarryReturn)  The expectancy model, states that the price of the futures contract depends on the expectation about the spot market's price in the future. In this case, the price of the future contract will diverge from the spot price depending on how much the price is expected to rise or fall before expiration.  A few glossary terms: cost of carry For physical commodities such as grains and metals, the cost of   storage space, insurance, and finance charges incurred by holding a   physical commodity. In interest rate futures markets, it refers to the   differential between the yield on a cash instrument and the cost of   funds necessary to buy the instrument. Also referred to as carrying   charge. spot price  The price at which a physical commodity for immediate   delivery is selling at a given time and place. The cash price.


At the very least you should invest as much as you can that your employer will match, as they are basically giving you free money for saving. After that I would prioritize a Roth IRA as that offers similar tax benefits with more liquidity. Provided you have enough money available in your emergency fund and have plenty for everyday expenses I see no reason not to max out your 401k after that if you can afford it. However, if your emergency fund is lacking, be sure to put some there. Other investments like a 529 may come into play if you have kids you plan on sending to college, but it all depends on your situation.


Hey should I be networking? Haha okay thank you very much! I’ll follow this advice to a tee. I just signed up for WSO and going to do more research. What exactly do you mean by technicals? Just the ins and outs of IB?   We have a platform that gets me in touch with the alumni. I’ll get on that and get in contact with everyone. Thank you very much!!


Bonds provide protections against stock market crashes, diversity and returns as the other posters have said but the primary reason to invest in bonds is to receive relatively guaranteed income. By that I mean you receive regular payments as long as the debtor doesn't go bankrupt and stop paying. Even when this happens, bondholders are the first in line to get paid from the sale of the business's assets. This also makes them less risky. Stocks don't guarantee income and shareholders are last in line to get paid. When a stock goes to zero, you lose everything, where as a bondholder will get some face value redemption to the notes issue price and still keep all the previous income payments. In addition, you can use your bond income to buy more shares of stock and increase your gains there.


Yes millennials are your problem... Do your damn job and make your business better or leave.  I am a millennial who used to go to BWW all the time when I was in college, but now I realize the wings are always dry no matter where I go... Make the food better


What you found is that when your were on website X on day y when you clicked on the link they told you to buy 7 stocks and you performed an experiment, but the values went down. Somebody else on website A on day B saw a lightly different list, they may have been flat. But if you were on website W on day D that list hit the jackpot. Which of the three decided that the people running the ad knew what they were talking about? They could have tailored the list based on the nature of the website. Sports and recreation ones on ESPN, high tech on a computer focus site. They could have varied the size of the lit, they could have varied the way they described their analysis. They could have even varied the name of the expert to make it sound familiar or authoritative.  What you found was a marketing plan. It may have been a scam, or it may have been just a way to try and convince you they know what they were doing. If you clicked on the wrong list, they probably lost you as a potential customer, unless you can convince yourself that they were close, and deserve a second look....


"You are missing the point.   He is richer than if the note had never been issued. So are his employees, the people they bought stuff from, the people those people bought stuff from, etc etc...  But the shoe-maker is still poorer than he was the day before the fire hit, and not because anyone else ""took it from him"", in the sense that they have his money.   Money is debt owed to the bearer. When that debt becomes unrecoverable, the money is gone."


"This is the best tl;dr I could make, [original](http://www.businessinsider.com/basic-income-would-grow-gdp-by-trillions-study-finds-2017-8) reduced by 81%. (I'm a bot) ***** > Conducted by the left-leaning Roosevelt Institute, the study investigated three strategies for implementing basic income, a form of wealth distribution that involves giving everyone a standard salary just for being alive.  > Proponents of basic income say it would reduce or even eliminate poverty, while skeptics say it could erase people&#039;s motivations to keep working, possibly ruining the economy instead of improving it.  > The three basic incomes proposed by the study were $1,000 paid monthly to every US adult; $500 paid monthly to every US adult; and $250 paid monthly to every US child.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6zfh4r/giving_every_american_12000_a_year_in_free_money/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~207966 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*: **basic**^#1 **income**^#2 **study**^#3 **year**^#4 **every**^#5"


"If any creditor thinks they're going to put their fuck up on my ""identity"" they got on another thing coming. I will not waste my time clearing up my credit score, I will not waste my time electronically verifying my identity, they will see a certified letter, and then they'll see me personaly in a court room."


Work for a bank (ultra high net worth individuals). We will do advised lines of credit (we have to approve every draw) secured by a portfolio of art. Slightly better pricing than if it were unsecured, but we will do higher loan amounts. I haven't done wine-secured, but have seen guys with $1mm+ wine collections on their balance sheets.


You can use a Roth IRA for retirement and you can still withdraw all of your contributions at any time. You can also withdraw $10,000 worth of the earnings in your Roth IRA for a first-time home purchase. You can also withdraw for unreimbursed medical expenses and qualified education expenses. Full details are available in IRS publication 590.  There is a limit of $5,500 for contributions in 2016 ($6,500 if you're over 50) as long as your adjusted gross income is below a certain level. You can still make a contribution for the previous tax year until the filing deadline (usually April 15).