I understand where you are coming from, but you vote with your dollars. As long as you are willing to fork over for shitty service and shitty products, they will keep lowering the bar and keep treating the employees worse. When people stop buying, they either change their tune or go out of business. The financial reality is if you actually want improved working conditions for their employees, you need to have the fortitude to refuse to subsidise substandard behaviors.


"Governments borrowing money doesn't create new money. When banks ""borrow"" money (i.e. take deposits), it does effectively create money because the depositor expects to be able to get the money back at any time, but the bank assumes that most won't actually do this and lends out most of the money to other people. If everyone did actually ask for their money back at once, the illusion of the extra money created by this process would collapse, and the bank would go bust. In contrast when governments borrow money, the loan isn't repayable on demand, it has a fixed maturity and the money is only repaid at the end of that period (plus interest at defined points during the period). So holders of government debt don't have money they can spend (they can turn it into money they can spend but only by finding someone else to buy it). So government debt doesn't create inflation in itself. If they printed money, then they'd be devaluing the money of everyone who had saved or invested, whereas if they borrow money and use taxes to repay it, the burden falls more evenly across the economy and doesn't disproportionately penalise certain sets of people."


My personal favorites are Options, Futures, and Other Derivatives by John C Hull Thinking Fast and Slow - Daniel Kahneman Expected Returns - Antti Ilmanen [check out the video : How to Think About Expected Returns] It is a 600 page book … A summary of it: Without a rational expectation of expected returns, investing can lead to severe disappointment and disillusionment.  Making a good model to forecast expected returns is so difficult. Near-term expectation is almost impossible. The key is very very much about focusing on the long-term, and on getting returns that are feasible, not outlandish. There are three pillars that are central: Practically, the work of an investment manager today involves finding many different sources of returns, and diversifying effectively between them, and finally being humble about what returns we can expect today.


According to TurboTax:  Of course. In fact, the government doesn't want you to amend until   you've already gotten your tax refund. You're free to cash your refund check or spend it once you have it.   You don't need to wait for your amendment to finish processing, which   can take another 3-4 months. If you owe money after amending, you'll just include payment with your   mailed amendment form. And if your amendment results in a second refund, you'll get a check   for the additional amount. So yes, you can cash out this check and then amend your return. If you end up owing money, you'll just pay it when you file your amended returns:


If one wants to have a bound on the loss percentages that are acceptable, this is would be a way to enforce that. For example, suppose someone wants to have a 5% stop-loss but doesn't want this to be worse than 10% as if the stock goes down more than 10% then the sell shouldn't happen. Thus, if the stock opened in a gap down 15% one day, this triggers the stop-loss and would exit at too low of a price as the gap was quite high as I wonder how familiar are you with how much a stock's price could change that makes the prices not be as continuous as one would think. At least this would be my thinking on a volatile stock where one may want to try to limit losses if the stock does fall within a specific range.


"There was a time when government policy was actually pretty damn smart. There were a range of ""automatic stabilizers"" that kicked in when there was a recession and they had a fast and large impact.  It wasn't until Reagan that we started to chip away at those as well as go into a perpetual debt stimulus posture. These two actions helped to prime the system for an inevitable ""large"" shock.  Even now, after one of the longest expansions in history we're STILL running a substantial deficit. And as such the appetite to expand it when the next recession hits will be diminished (as it was during the great recession when we really needed 3 trillion in stimulus spending and got less than 1)."


I don't think user4358's explanation is correct.  A trailing LIT Sell Order adjusts downwards, i.e. if you place the order with an Aux price (in TWS it's trigger price) of 105.00 and a trailing amount of 6.00 then, assuming the ask is 100.00, TWS will add the trailing amount to the ask price and if it's less than the trigger price it will adjust. So in my example, if the market (ask) goes straight up to 105.00, nothing will be adjusted, the trigger is touched and the limit order will be placed (see below). If on the the other hand the market goes down to 99.00 then trlng amt + ask is 105.00, if it goes further down to 98.00 then the trigger price will be adjusted to 104.00 (because it's less than the current trigger), and so on. For the LIT part you have either an absolute limit price you can enter, or you have an offset limit which will be subtracted from the trigger price, in which case it is adjusted as well. So back to my example, the trigger is now 104.00 and the limit offset is say 1.00, so my limit order would be placed at 103.00 if the ask ever touches 104.00, and that in turn is only visible if the bid touches 103.00 (because it's limit-if-touched). For a buy just use the same explanation with some swapped roles, the trigger price adjust upwards when the trailing amount plus bid is larger than the current trigger, and the limit offset will be added to the trigger price. Edit Also quite succinct and worth having a look at: http://www.interactivebrokers.com/en/trading/orders/trailingLimitTouched.php Guesswork, highly subjective As for why this might be good, well, you have to believe in momentum strategies, i.e. a market that goes down, will continue to go down, if you believe that and you believe in mean reversion as well, then a trailing limit order can assist you in not buying/selling impulsively, but closer to the mean.  I've never used it that way though. What I have done, even just now to get the explanation right, is to place trailing buy and sell orders simultaneously.  You will find that you can just go in with coarse estimates and because the adjustments will go towards each other, you will end up with a narrowing band of trigger prices (as opposed to trailing stop orders which will give you a widening band of trigger prices).  If you believe in overshooting and equilibria then this can be one easy way to profit from it.  I've just sold EURUSD for 1.26420 and bought it back at 1.26380 with a trailing amount of 5pips and a limit offset of 2pips within the time of writing this.


Start at Investopedia. Get basic clarification on all financial terms and in some cases in detail. But get a book. One recommendation would be Hull. It is a basic book, but quite informative. Likewise you can get loads of material targeted at programmers. Wilmott's Forum is a fine place to find coders as well as finance guys.


As you can see at https://www.google.com/finance?q=NASDAQ%3AAAPL the number of apple shares at this very moment is 5.25B, so if you have 1 share you own 1 / 5.25B of the company.


The shareholders can't all re-invest their dividends -- it's not possible. Paying a dividend doesn't issue any new shares, so unless some of the existing shareholders sell their shares instead of re-investing, there aren't any shares available for the shareholders to re-invest in.


It isn't Santander that's running XP, exactly, but that particular NCR machine.  Hasn't been upgraded because, presumably, they don't want to pay for the software.  That is, the actual ATM software running on top of Windows + drivers for the hardware.  I don't actually know what a full package costs, but I'm sure it's not cheap.  Modern ATMs--all the ones by major manufacturers, anyway--run some version of Windows.  For large ATMs like you'd see at drive ups in banks, there's a regular desktop-style PC inside.  Smaller ones often run CE on various flavors of all-in-one boards.  Source:  Bank equipment tech who fixes ATMs almost every day


It seems that you're complicating things quite a bit.  Why would you not create a business entity, open one or more bank accounts for it, and then have the money wired into those accounts?  If you plan on being a company then set up the appropriate structure for it. In the U.S., you can form an S-corporation or an LLC and choose pass-through taxation so that all you pay is income tax on what you receive from the business as personal income.  The business itself would not have tax liability in such a case. Co-mingling your personal banking with that of your business could create real tax headaches for you if you aren't careful, so it's not worth the trouble or risk.


"Here are a few things that you could try. But note that they are all capable of failing. They will just reduce the chance of you personally having a lost decade. First a quibble: John Bogle advocates a total stock market index (something like Vanguard's VTSMX) instead of an S&P fund, as the latter represents ""only"" 85% or so of the US market's total capitalization. Smaller companies behave slightly differently than members of the S&P, so this might provide a small help. Bogle also advocates holding some bonds in addition to equities. I'll expand on that below. Account for dividends. Just because the value of the index is the same as its value 10 or 20 years ago doesn't necessarily mean that decade was lost. The companies in the S&P are currently paying out an annualized dividend of about 2%. Even if the actual value of the index doesn't change, you're still getting that 2% per year.  Include bonds.  As I mentioned above, Bogle recommends holding some bonds. I have seen two common rules. One is to never have less than 20% of your total holdings in bonds, and never have more than 80% of your total holdings in bonds. The other popular rule is to hold your age in bonds. For example, I'm about 30, so I should keep about 30% of my holdings in bonds. Regardless of the split, rebalance periodically to keep yourself at that split. What effect would holding bonds have on a lost decade? To make the math easy, let's say you split your holdings evenly between an S&P fund and 10 year Treasuries. Coincidentally, 10 year T-notes have the same 2% yield as the S&P dividends. If you're getting that on half your holdings, and nothing on the other half, you're netting 1% per year. Not great, but not totally lost. To illustrate the effect of rebalancing, use my example of a 70/30 stock/bond split. The S&P lost about 50% of its value from its peak to the bottom of the market in early 2008. If you only held stock, you would need the market to increase in value by 100% in order for you to recover that value. If 30% of your holdings are in bonds, and you rebalance at exactly the bottom of the stock market, you only need the stock index to increase in value by about 80% from the bottom in order to make you whole again. I mention those two to emphasize that your investment return is not just a function of the price of a stock index. Dollar cost average. It's rare that you will actually face the situation of putting (say) $100,000 into the market all at once, let it sit for 10-20 years, then take it all out at once. The situation you face is closer to putting about $1000 into the market every month for 100 months. If you do that, then you're getting a different price for each purchase you make. Your actual return will be a weighted average of the return from each of those purchases. But note that this could help or hurt you. Using the chart Victor showed in his answer, if your lost decade is from one peak to the next peak, your average price will be below the price you would have entered and left at. So this helps. But if your lost decade is from trough to trough, then your average price is higher than the start and end price, so this has hurt you. Those are the two extreme cases, and the general case will be somewhere in between. And you can use these regular purchases to help you carry out your regular rebalancing. Foreign equities. Since you mention the S&P500 specifically, I assume that you are in the United States. The US equities is approximately 45% of the world equities market. So even if the S&P500 has a lost decade, it's unlikely that the rest of the world will also have a lost decade at the same time. For comparison, the Tokyo Stock Exchange is the third largest in the world (behind the US's NYSE and NASDAQ); the market cap of the TSE is less than 20% that of the combined market cap of the NYSE and the NASDAQ, which puts it at about 10% of the world's market cap. When the Nikkei had its lost decades, no one else had a lost decade. Note that buying foreign equities is more expensive than buying domestic, and it exposes you to fluctuations in the exchange rate of the currencies. But the benefit of diversification probably outweighs those downsides. And obviously it's easier to diversify away from Japan than it is to diversify away from the United States. But there are people who advocate holding exactly the market weight of every country in the world."


I bring ~500 usually, never walked with less than half, mostly because I realize after losing a couple hundred bucks that Id rather not lose the rest.  It really isnt difficult to get rooms compd, not like Im any kind of high roller.


Lets say Debit is what you pay and Credit is what somebody else pays for you. A Debit card will charge your bank account directly. A Credit card will charge your bank account some time later. In both cases the shop owner has the money available directly. It's called Credit because somebody believes you will be able to pay your debt on time (or later with an interest). As for purchase and sales. A customer buys = makes a purchase. A shopkeeper sells = makes a sale. Note from a bar: I made an agreement with the bank. They don't sell beer, I don't give Credit.


Haha, I bet. I think sometimes people in upper echelons of their fields assume they can understand others just as well while forgetting that the whole base layer of fundamentals that took to get there. Definitely a human problem, as we all tend to fall into that trap on occasion.  I'm a CPA so I have no intention doing the CFA, which came with its own set of misery. I just follow finance as a side interest. I definitely fall on the side of conservative when it comes to investing. When I see Tesla, red flags go up. It might pay off later, but it's not for me.    I actually just switched industries myself, went from a  manufacturing environment to a client based one focused on start ups. In another year or so I'll move on to another industry to plug in more gaps in my knowledge base. Depends on where the economy is at that point.


"You are looking to be made whole, so the requests need to be reasonable.  You need to be clear that you want: You aren't going to 'punish' the dry cleaner or anything else.  You don't want coupons or free service for future work, you want your pants or cash. If you send a letter, send it certified with a return receipt.  You want to be able to show a judge you made efforts outside of the court that you attempted to reconcile the issue.  Sending it certified is also a good way to indicate to the dry cleaner that you aren't going to just go away.  Be clear, firm and very polite.  You cannot blame or criticize the cleaner, simply state ""On YY/YY/YYYY date I didn't get my pants back; I want my pants or I want money by XX/XX/XXXX date."" If you want to picket, contact local law enforcement and find out the rules before picketing.  You can probably picket from a sidewalk, but that doesn't mean the dry cleaner won't approach you and get in your personal space.   If you hand out flyers, stick strictly to provable facts lest you be sued for defamation.  It is smarter to hand out a fact sheet or speak from a rehearsed script so that you don't say something that would be actionable.  Make sure you pick the busiest day of the week for a dry cleaner. (Weekends?) I don't think this is criminal, but you can sue.  Like others said, if you have the cleaning ticket (and the ticket doesn't absolve the dry cleaner of responsibility) you will probably get a judgement.  Be careful what you ask for, make sure you cover all of your costs (the pants, filing fees, time off of work, and collection efforts.)  Itemize all your requested costs and make sure they are reasonable.  You only want to be made whole, and that only means $160 or pants (plus fees) Just because you won in small claims doesn't mean you can collect easily.  Figure in your cost for collecting when you sue.  You might have to hire somebody to collect on your judgement.  If you hire somebody they will want a cut, so you might want to figure that out for your small claims.  I am guessing this is a local business, so it should be pretty easy to collect.  (Unless they go out of business, in which case you will get nothing.)"


"Quicken for Mac will track stocks and mutual funds and allows you to set the ""home"" currency."


"I have some money invested on Merrill Edge. 2 days ago I purchased some mutual funds with most of the rest of my money in my account. I logged in today to see how it did, and noticed that there are 3 sections: Priced Investments, Cash & Money Accounts, and Pending Activity. In the Cash & Money section, there shows a negative balance of Cash (let's say -$1,000) and a positive ""Money Account Value"" (let's say +$1,100).  The ""Money Account"" appears to be made up of $1 shares of something called ""ML Direct Deposit Program"". However, even though the mutual fund purchase was made 2 days ago, and the shares of the mutual funds are officially in my account, I'm still showing all of my ""Money Account"" shares ($1000). The balance sheet effectively makes it look like I somehow needed to have ""sold"" back my money account shares, converted them to cash, and then bought the funds. I'm hoping that isn't the case, and for some reason, there is a multiday lag between me buying stock and money getting deducted from my ""Money Account"". Hope that all makes sense.  TLDR: what's the diff between a Cash account and Money Account that's filled with shares of "" ML Direct Deposit Program""?  Edit: Today the cash and money account offset by equal values equal to one of my mutual fund purchases."


What these home sellers don't realize is that they don't have to carry the burden of finding a buyer all on their own. They can simply enlist the services of a real estate company, or better yet, a real estate broker with access to the Calgary MLS system.


Here are the few points: Hope that helps,


The simplest answer is that you can convert the IRA to a Roth, and since it was already taxed, pay no tax on conversion.  If, in your hypothetical situation, you happen to have an IRA already in place, you are subject to pro-rata rules on conversions, e.g. your balance is total $40K, $10K 'not deducted', a conversion is 75% taxed, convert $20K and the tax is on $15K of that money. But, there also might be a time when you are able to transfer IRA money into a 401(k), effectively removing the pretax deposits, and leaving just post tax money for a free conversion.


How can they reduce the number of shares I hold? They may have purchased them.  You don't say what stock it is, so we can only speculate.  Let's say that the stock is called PENNY.  So they may have taken your 1600 PENNY shares and renamed them to 1600 PENNYOLD shares.  Then they created a new $5 PENNY share and gave you .2357 shares of that in exchange for your 1600 PENNYOLD shares.  This suggests that your old shares were worth $1.1785 or less than a tenth of a cent each.   As an example, MYLAN did this in 2015 as part of their tax inversion (moved official headquarters from the US to Europe).  They did not change the number of shares at that time, but MYLAN is not a penny stock.   This is the kind of thing that might happen in a bankruptcy.   A reverse split (where they give you one share in exchange for more than one share) is also possible, although you received an odd amount for a reverse split.  Usually those produce rounder numbers.  A number like .2357 sounds more like a market price, as those can be bizarre.


Based on what current Model S owners are seeing in terms of battery degradation, the battery should still have 85% of it's original capacity after 300,000 miles. These cars will last a very very long time compared to a conventional automobile.


Things I do annually:


with me and my wife coming from different countries, and us both living in a non-native country, we have very little clue where we will eventually settle down. The answer depends on where you reside currently, tax rules and ability to move funds. As well as where you plan to settle down and the tax rules there. From what I understand, once you eventually retire and take an annuity from your pension you are then taxed on it as income anyway? Yes and No. For example if you move from US to India, stay in India for 7 years. You then move your retirement funds from US to India the entire amount would be taxable in India. but would this 'freedom' would come with significant costs in terms of savings at retirement? The cost would be hard to predict. It depends on the tax treatments in the respective countries on the retirement kitty.  It also depends on whether the country you are staying in will allow complete withdrawal and transfer of retirement funds without penalty.


>Can't wait to see Toys'R'Us implode.  I don't think that will happen because they've got BabiesRUs.  What they've started doing is closing old ToysRUs locations, and opening new, combined versions of ToysRUs and BabiesRUs.  Moms come in to get clothes and diapers and leave with toys for the other kids.


Completely agree, my boss is a great guy and I wouldn't have it any other way.  I was going to be skipped for a raise because I was just hired, but he talked them into giving me one because I was under contract for two years.


A big issue for historical data in banking is that they don't/can't reside within a single system. Archives of typical bank will include dozen(s) of different archives made by different companies on different, incompatible systems. For example, see http://www.motherjones.com/files/images/big-bank-theory-chart-large.jpg as an illustration of bank mergers and acquisitions, and AFAIK that doesn't include many smaller deals. For any given account, it's 10-year history might be on some different system. Often, when integrating such systems, a compromise is made - if bank A acquires bank B that has earlier acquired bank C, then if the acquisition of C was a few years ago, then you can skip integrating the archives of C in your online systems, keep them separate, and use them only when/if needed (and minimize that need by hefty fees).  Since the price list and services are supposed to be equal for everyone, then no matter how your accounts originated, if 10% of archives are an expensive enough problem to integrate, then it makes financial sense to restrict access to 100% of archives older than some arbitrary threshold.


> There were a lot of companies that cut full time jobs in favor of part time.  1) No, [employers didn't cut back full-time employees although some did cut hours of part-time employees to get them under 30 hours](https://fivethirtyeight.com/features/yes-some-companies-are-cutting-hours-in-response-to-obamacare/).  2) My objection is not about part-time but that the ACA would not somehow make your company drop insurance.  Your company dropped it's plan because it chose to.


No. It's perhaps a bit obvious, but with the shorter term loan you would be contractually obligated to pay the higher monthly payment. By paying double on the longer loan, you retain the flexibility to pay less. And you would pay less interest if you truly doubled your payment on the longer loan. This is because you'd be paying off more of the principal more quickly. (But you'd also be making a slightly higher payment than on the shorter term loan.) You can play with the amortization calculator at Bankrate to understand this.


Social Lending may help you qualify for a loan, but doesn't necessarily provide better rates. You have to shop around to get the best rates, this is a market as any other, so don't expect one place to be consistently below the market - either the market will move, or the place will move eventually, everyone wants to earn the most for the buck.


"When employers can get everybody and their dog to apply for a given job, you need to have that four-leaf clover (or at least a referral, which, lucky me, I don't in almost all cases).   Or the best skills.  If you aren't at the top of your game, you probably won't get hired when there are 10 other people that are just as good.  You need to think of ways to creatively differentiate yourself from the competition.  ""And that terrifies me when I think about it that way.""  unsuccessful people generally think this way.  Everything happens to you rather than you being able to change it yourself.  ""Of course, all I can do is keep applying""  All of my best jobs came through my network for friends/acquaintances.  If you aren't getting any interviews, start going  to meetup groups in your industry and make friends.   This is another problem: people don't want to leave the comfort of their keyboard.  Sometimes you just need to get out there."


No - we're having fun seeing how long you avoid providing a single example of something you claimed was so universal any single one should suffice. It seems you totally pulled that statement out of your ass and now are so stubborn that admitting it must impact your psyche in some amazing way. So stubborn that you both don't address your claim, admit it is wrong, and yet you call us names for asking you to back up your statement. This is fun.   You still have not listed an empire that did not purchase it's own debt. Your entire argument fails.


"A $1 note and four quarters are both real money, but how (and when) they become real money is different. The important thing is that the Fed's stockpile of cash that it gets from the Bureau of Engraving and Printing isn't ""real money"" (i.e. M0) yet. That cash is only used for fulfilling withdrawals from reserve accounts. You can't use it to buy a car, or a house, or to pay Janet Yellen's salary...no one, not even Janet, can use even a single dollar to buy a Diet Coke. In other words, it's not really an asset. Or a liability. Or anything but a stack of paper in the Fed's vaults that looks astonishingly like money, but isn't. The upside to this is that when the BEP makes a delivery of fresh bills to the Fed, or when the Fed destroys old, ratty bills that aren't usable anymore, the Fed's balance sheet doesn't change. That's good! Those are practical considerations, not financial ones. The downside is that there's nothing on the asset side of the sheet to explain how the Fed's liability to a bank is reduced when the bank makes a cash withdrawal from its reserve account. So the Fed balances it's balance sheet by recording an increase in a different liability: the cash in circulation. Kinda like transferring the balance on a credit card: you're paying down one liability by increasing another one. It looks a bit silly, but less silly than recording the destruction of old bills as an ""expense"" of the face value of the bills. Coins, on the other hand, become money as soon as the Treasury gets them from the Mint. If they wanted to, they could pay their employees' salaries by ordering coins from the Mint for cheap, giving them to their employees at face value, and reaping fat profits as a result. In fact, that's pretty much exactly what they do: when someone wants quarters, the Treasury mints them at less than face value and then sells them at face value. In practice the Fed does all of this buying and then distributes the coins according to demand. The important thing is that this bunch of coins is not like the Fed's stockpile of bills. It's already real money, and therefore shows up as an asset. Not much. If the Fed bought coins at the cheaper price from the Mint instead, stockpiled them like they stockpile bills, then distributed them as usual, the extra profit just goes to the Treasury anyway, like all the Fed's profit does. However, as things are, the Fed's purchases of coins are recorded on the Fed's balance sheet at face value, which is kinda silly."


With rates expected to increase later this month, why is there a decreasing trend in mortgage interest rates?  I am thinking lenders might be lowering prices to grab more share in the run up, but don't have much data to back that up.


Many people have asked how to setup a business email address and if it's acceptable to use a third party email system like Aol or Gmail. Aol's mail system has always been less than efficient because of the massive amount of filtering they've had to implement in order to try and circumvent spam. Gmail is a great email system but corresponding via Gmail for business matters will probably appear unprofessional to some if not most. The most professional looking email address is usually the one that has a suffix which matches your domain name.


"If you are opposed to getting ""something for nothing"" because it created a subculture where there is no desire to earn a living simply because they have it pretty good without.  How do you feel about increasing the Estate Tax in the USA.  Many ""conservatives"" want to eliminate it.    As to community service for welfare, I assume your position is the wider the safety net, the more people will take unfair advantage of that and not work.  How do you explain the many nations that have wider safety nets than the USA and yet they have lower unemployment?   I agree with you on cuts in our military spending, simplifying the tax code, and banning the corporate involvement in campaign funding."


"Like all financial investments, the value of a bond is the present value of expected future cash flows.  The Yield to Maturity is the annualized return you get on your initial investment, which is equivalent to the discount rate you'd use to discount future cash flows. So if you discount all future cashflows at 6% annually*, you can calculate the price of the bond: So the price of a $1,000 bond (which is how bond prices are typically quoted) would be $1,097.12. The current yield is just the current coupon payment divided by the current price, which is 70/1,097.12 or 6.38% Question 3 makes no sense, since the yield to maturity would be the same if you bought the bond at market price Question 4 talks about a ""sale"" date which makes me think that it assumes you sold the bond on the coupon date, but you'd have to know the sale price to calculate the rate of return."


One of the main purposes of government is to take on risk the private sector can't shoulder (e.g. A bridge, not necessarily a money maker), and sponsor innovation. Regulation of things like fuel standards force industry to invest and adapt - this keeps the economy vibrant, stops complicity in business and promotes growth.   People view regulation as an all or nothing thing stifling innovation - not the case. Many regs are good. Look at clean water standards or even the Department of Labor Fiduciary Rule. POTUS numb nut over here just neutered the DOL fiduciary rule which would force investment advisor (brokers) to put a clients needs above their own, when investing in retirement accounts. GREAT for the average citizen- but coopted by the trumpers as government over regulating the economy. Sick.    Good example of supporting innovation  here. http://www.sciencemag.org/news/2013/01/japans-stimulus-propels-science-spending-new-heights  Info on fiduciary rule here (first bullet point).   http://www.dolfiduciaryrule.com/


It would be unfair to link Marissa's performance to her gender. It's just coincidental that she's both a woman AND a CEO of a major corporation.   Same goes for Carly and Meg. Don't link their gender with their performance. Men have failed equally (or more)


Always pay on time, and stop listening to whoever is telling you not to -- they are clueless. Credit cards are revolving accounts with a grace period. The balance owed is due on the statement date, and you have a grace period of 20-40 days to pay.  Paying bills on time is the single most important thing that you can do to have a good credit score. Always pay on time.


I don't want to get involved in trading chasing immediate profit  That is the best part. There is an answer in the other question, where a guy only invested in small amounts and had a big sum by the time he retired. There is good logic in the answer. If you put in lump sum in a single stroke you will get at a single price. But if you distribute it over a time, you will get opportunities to buy at favorable prices, because that is an inherent behavior of stocks. They inherently go up and down, don't remain stable. Stock markets are for everybody rich or poor as long as you have money, doesn't matter in millions or hundreds, to invest and you select stocks with proper research and with a long term view. Investment should always start in small amounts before you graduate to investing in bigger amounts. Gives you ample time to learn. Where do I go to do this ?  To a bank ? To the company, most probably a brokerage firm. Any place to your liking. Check how much they charge for brokerage, annual charges and what all services they provide. Compare them online on what services you require, not what they provide ? Ask friends and colleagues and get their opinions. It is better to get firsthand knowledge about the products. Can the company I'm investing to be abroad? At the moment stay away from it, unless you are sure about it because you are starting. Can try buying ADRs, like in US. This is an option in UK. But they come with inherent risk. How much do you know about the country where the company does its business ? Will I be subject to some fees I must care about after I buy a stock? Yes, capital gains tax will be levied and stamp duties and all.


As a CPA I can say, without a doubt, you do not owe any federal income tax. However, assuming all of you income was from your business and therefore subject to self-employment tax and you had no healthcare coverage, you would owe: $2,523 in Self-Employment Tax    645 in Healthcare Penalty $3,168 Total Amount You Should Owe. Assuming you have given us the right numbers, $3,300 sounds too high.


Maybe if fuckers like him could manage their house then government wouldn't have to bail them out and there wouldn't be a need for as much regulation. But no, he's going to keep gambling and expect tax payers to cover his losses, and then has the audacity to bitch about it. Fuck him.


GBP has already lost part of his value just because of the fear of Brexit. An actual Brexit may not change GBP as much as expected, but a no-Brexit could rise GBP really a lot.


Answering for just the US part, yes, you should be able to do this and it's a good strategy. The only additional gotcha I can think of is that if you've made after-tax contributions to your traditional IRA, you need to prorate the conversion, you can't just convert all the pre-tax or all the after-tax. I'm not familiar with Oregon personal income tax so there may be additional gotchas there.


The thing is that it's not just about not giving them money - it needs to be a full boycott. That means no torrenting, no streaming.   If everyone stops buying, but are still torrenting and talking about the latest episodes online and posting blogs and fanfiction and filling message boards and subreddits, it just makes their point for them. It would have to be a true boycott.


How is this stealing? Target offered a promotion and customers used the promotion.   If Target staff let people purchase items that weren't supposed to be included as part of the promotion, isn't it Target's fault for not properly training their staff?


">but these people truly think it is a choice  Too bad. We need to stop allowing people's feelings to have the same weight as facts and science. That's also how we're still have a ""vaccines cause autism/vaccines are bad!!"" situation.  > It is the same case on opposite sides of the coin and should be treated the same  It's not, and the fact that I explained protected classes and you're doubling down indicates to me that you actually didn't want a discussion about this and had already made a decision that it's the same thing.  > You cannot have it both ways, either you can choose whom you do business with, or you can't.  You can't choose to discriminate against protected classes based on their membership in that class. This isn't hard to follow."


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Federal income taxes are indeed expenses, they're just not DEDUCTIBLE expenses on your 1120. Federal Income Tax Expense is usually a subcategory under Taxes. This is one of the items that will be a book-to-tax difference on Schedule M-1. I am presuming you are talking about a C corporation, as an S corporation is not likely to be paying federal taxes itself, but would pass the liability through to the members. If you're paying your personal 1040 taxes out of an S-corporation bank account, that's an owner's draw just like paying any of your personal non-business expenses. I would encourage you to get a tax professional to prepare your corporate tax returns. It's not quite as simple as TurboTax Business makes it out to be. ;) Mariette IRS Circular 230 Notice: Please note that any tax advice contained in this communication is not intended to be used, and cannot be used, by anyone to avoid penalties that may be imposed under federal tax law.


"Lots of webcomic sites now have ""tip jar"" links, or let supporters send money via services like Patrion. I presume other kinds of sites have developed similar solutions. I'd suggest you go out, wander the web a bit looking for such, then contact the sites' owners to ask how it's been working for them"


"If the default happens through mass monetary inflation rather than openly (""We're not paying interest on our bonds"") then make sure you pay off your house.  There may not be a very long window to do so. If the currency becomes worthless, then it depends on what you have of value that would be accepted by the lender as payment.  If you don't have anything, the lender will take it back, as they're probably entitled to on the notes."


"First IANAL! This is going to depend on the kind of points. If it's an internal point system that the business is doing on their own, then they may very well, give you that many ""extra"" points. They may really not care. Specially if the cost of the points is low enough. Remember that steak dinner that you paid $60 for only really cost them $2 and that they use $60 worth of points on it.  If the point system is tied to a bank or credit card, then it's far more likely that the ""just use them"" is not the proper answer. The company doing the reimbursing is giving the location $60 and using your points. The points have a much higher value.  With that said, your responsibility is to notify, and follow their rules. So notify them in writing, and use the rewards card as you normally would. If your being honest, then the worst that happens is that your point balance is a little negative (because you spent 100 points but really only had 98 after adjustment).  Most likely, if your being honest, they will just eat the few points over that you went on accident.  If you get an answer in writing to just keep the points, then I guess you know where your daughter's wedding reception will be. Let's hope it's a classy place. Of course, as a 'good' person (or maybe a 'stupid' person), I should call them, (wait 30 minutes in the queue), and then try to explain the issue to the service desk. I actually did that, and the guy thought I am nuts to even call, and told me to 'just use them they are yours now'. I don't feel like calling again and again until I get someone that believes it, just to return them their points. You will want to do this in writing. Email will work, but you really want a paper trail, either way. I could just toss the card and forget about it. However, I had quite some points on it that really belong to me, so that feels like I pay for their fault. There is no need to do this. It's like a bank error. Talk to them and they will give you an answer. In the mean time, do your best to only use the points you actually have. Use them and play stupid. It's not my duty to check their math, right? Probably nobody will ever care (let's keep religious considerations out here). What would be the consequences if they do realize their error some day in the far future? (I understand this borders on a legal question). Nope, don't do this. If you play dumb and spend 5000 points when you know you only have around 100, best case scenario you end up with -4900 points (effectively canceling the benefit of the card). You may also be banned form the program, the location, the network, etc. Worst case scenario they want the monetary value of the points and sue you for it, and the legal fees. It may even be considered fraud.  TL;DR Use your card, but be honest, and handle the mistake in writing."


> In fact, it had been public knowledge that they were selecting one of our competitors. As it turned out, the reason for their mid-course change was ... Bob.  The competition lost the $4m. Bob didn't like them.


Then: (do these in whatever order)  35 is not mid-life.  You're on the tail end of the age to get started on retirement planning. Being single, relatively young, and a great income level, you are ideally situated to consider FIRE'ing yourself. (Financial Independent, Retire Early).  The basic idea is to invest a large chunk of your income and establish your comfort level balancing frugality and comfort.  There's a table on one of the FIRE websites that shows a graph between % of income saved and the number of years it takes to save enough to be financially independent.  If you can go over 50% savings, you can get down to about 10 years.  In this case, financially independent is where you can live on a safe percentage of withdrawal from your savings without depleting the savings.  At that point, you no longer need to work for a paycheck.  You would only do so to extend the savings, increase the safe withdraw rate, or because you want to do something that makes you feel productive.


"Even under the executive exemption, see Exemption for Executive Employees Under the Fair Labor Standards Act (FLSA) Section 13(a)(1) as defined by Regulations, 29 CFR Part 541, it seems that a minimum compensation is required. To qualify for the executive employee exemption, all of the following tests must be met: The employee must be compensated on a salary basis (as defined in the regulations) at a rate not less than $455 per week... etc. There is one other possibility under FLSA Section 13(a)(1), as a ""bona fide exempt executive"". Exemption of Business Owners   Under a special rule for business owners, an employee who owns at least a bona fide 20-percent equity   interest in the enterprise in which employed, regardless of the type   of business organization (e.g., corporation, partnership, or other),   and who is actively engaged in its management, is considered a bona   fide exempt executive."


It's an over crowded boat I'm sure. She hasn't had insurance all year either. She switched departments at the end of last year and they said she had to wait for open enrollment to come around again. So it wasn't by choice that she's been uninsured. It really baffles me that her company, a healthcare provider, would let their employees go through this.


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Some examples where an HOA is a positive thing: 1) Amenities: Maybe it is professionally maintained landscaping at the front of the subdivision, or a playground, or community pool. An HOA provides a convenient way to have things like that and share the costs among all the people who benefit. 2) Legal Advocacy: I live in a neighborhood (rural) without an HOA. My neighbor decided to start an auto-repair shop on his property which was CLEARLY a violation of the covenants. There isn't really a Government body you can report them to that will swoop in and make them stop a neighbor from destroying your property values even if they signed an agreement when they bought it to the contrary. You need to hire a lawyer and sue them and that costs money and time. Also, in many cases if you wait too long they can get an exception grandfathered in because no one raised an issue about it. An HOA exists to watch for this kind of thing and nip it in the bud rather than making homeowners have to hassle with the time/expense. 3) Independence: Assuming no HOA, and assuming you are okay with suing your neighbor over violating a covenant. That makes for a very uncomfortable situation between you and that neighbor. Having a neutral 3rd party take action on your behalf anonymously can greatly help that situation. It's not all about making people ditch their basketball goals, or garden gnomes. They also protect you from other obnoxious stuff like junky mobile homes in high-end neighborhoods, the guy who blocks half the street permanently with his RV/Boat parked on the curb, three foot tall grass that is an eyesore and a fire hazard, a taco stand opening in your neighbors garage,  etc.


"Have you lived in Northwest Arkansas? The strangest thing is the forced social separation between Walmart employees and vendor employees (ie. the *entire* rest of the neighborhood).  Walmart employees will literally bring their own rolls and hot dogs to a cook-out so there isn't controversy that the regional guy on Ball Park Franks isn't ""bribing"" Walmart buyers.  I get where it comes from, but it seems like you have to go out of your way on even your day to day living. Weird culture."


"Taxing the money people earn from others without doing work is no more punishment than taxing people who earn money by working.  It's not a matter of who's wrong, but what's fair and what makes a healthy prosperous economic system.  I don't think this will do that, but crying ""what did the rich ever do to deserve taxes"" is a ridiculous argument."


"Well, as you say, the instructions for form W-2 (for your employer to fill out) say You must report all employer contributions (including   an employee's contributions through a cafeteria plan) to   an HSA in box 12 of Form W-2 with code W. Employer   contributions to an HSA that are not excludable from the   income of the employee also must be reported in boxes 1,   3, and 5. However, while it's your employer's job to fill out W-2 correctly, it's only your job to file your taxes correctly. Especially as you say your box 1/3/5 income is correct, this isn't too hard to do. You should file Form 8889 with your return and report the contributions on Line 9 as Employer Contributions. (And as you say, both what the employer contributed outright and what you had deducted from your pay are both Employer Contributions.) Be sure to keep your final pay stub for the year (or other documentation) showing that your employer did contribute that amount, just in case the IRS does end up questioning it for some reason.  If you really want to, you could try calling the IRS and letting them know that you have contributions that weren't reported on your W-2 to see if they want to follow up with your employer about correcting their documentation, if your efforts have been fruitless. There's even a FAQ page on the IRS site about how to contact them when your employer isn't giving you a correct W-2 and how to fill out a Form 4852 instead of using the W-2, which I'd recommend if the amount of income listed was wrong or if there were some other more ""major"" problem with the form. Most likely, though, since it's not going to affect the amount of tax anybody will pay, it's not going to be at the top of their list. I would worry more filling out the forms you need to fill out correctly rather than worrying about the forms your employer isn't filling out correctly."


Don't forget inflation.   With a Roth 401k (or IRA), you don't pay any taxes on inflationary or real gains.  You pay taxes at the beginning and then no more taxes (unless you invest money after you distributed from it).   With a regular, taxable investment account (not a 401k or IRA), you pay taxes on the initial amount.  And then you pay taxes on the gains, both inflationary and real.  So you effectively pay taxes on the inflated principal twice.  Once at initial earning and once when it shows up as inflationary gains.  I'll give an example later.   With a traditional 401k (or IRA), you pay no taxes on the initial amount.  You pay taxes on the distributed amount.  That includes taxes on gains, but it only taxes them once, not twice.  All the taxes are paid at distribution time.   Here's a semirealistic example.  This is not a real example with real numbers, but the numbers shouldn't be ridiculously off.  They could happen.  I'm going to ignore variation and pretend that all the numbers will be the same each year so as to simplify the math.   So you pay a 25% marginal tax rate and want to invest $12,000 plus any tax savings.   Roth:  $12,000 principal Traditional IRA (Trad):  $16,000 principal with $4000 in tax savings Taxable Investment Account (TIA):  $12,000 principal Let's assume that you make an 8% rate of return and inflation is 3%.  Both numbers are possible, although higher and lower numbers have occurred in the past.  That gives you returns of $960 for the Roth and TIA cases and a return of $1280 for the Trad case.  Pay no annual taxes on the Roth or Trad cases.  Pay 25% marginal tax on the TIA case, that's $240.   Balances after one year:   Roth:  $12,960 Trad:  $17,280 TIA:  $12,720 Inflation decreases the value of the Roth and TIA cases by $360 in the Roth and TIA cases.  And by $480 in the Trad case.   Ten years of inflationary gains (cumulative):   Roth:  $5354 Trad:  $7138 TIA:  $4872 Net buildup (including inflationary gains): Roth:  $25,907 Trad:  $34,543 TIA:  $23,168 Real value (minus inflation to maintain spending power):   Roth:  $20,554 Trad:  $27,405 TIA:  $18,109 Now take out $3000 per year, after taxes.  That's $3000 in the the Roth and TIA cases, as you already paid the taxes.  In the Trad case, that's $4000 because you have to pay 25% tax which will cost $1000.   Do that for five years and the new balances are  Roth:  $9931 Trad:  $13,241 TIA:  $5973 The TIA will run out in the 8th year.  The Roth and Trad will both run out in the 9th year.   So to summarize.  The Traditional IRA initially grows the most.  The TIA grows the least.  The TIA is tax-advantaged over the Traditional IRA at that point, but it still runs out first.  The Roth IRA grows about the same as the Traditional after taxes are included.   Note that I left out the matching contribution from a 401k.  That would help both those options.  I assumed that the marginal tax rate would be 25% on the Traditional IRA distributions.  It might be only 15%, which would increase the advantage of the Traditional IRA.  I assumed that the 15% rate on capital returns would still be true for the entire period.  If that is increased, the TIA option gets a lot worse.   Inflation could be higher or lower.  As stated earlier, the TIA account is hit the worst by inflation.


Yes you can get them from your broker.  Two main advantages I can see are:


How are you even comparing a turkey, that will be eaten, to child abuse?  Its not even the same ballpark, hell, its not even the same sport.  Its not about everything dies.  Its about, they are raised simply to eat.  Who cares if the handlers are mean to them.


I strongly recommend you to invest in either stocks or bonds. Both markets have very strict regulations, and usually follow international standards of governance. Plus, they are closely supervised by local governments, since they look to serve the interests of capital holders in order to attract foreign investment. Real estate investment is not all risky, but regulations tend to be very localized. There are federal, state/county laws and byelaws, the last usually being the most significant in terms of costs (city taxes) and zoning. So if they ever change, that could ruin your investment. Keeping up with them would be hard work, because of language, legal and distance issues (visiting notary's office to sign papers, for example). Another thing to consider is, specially on rural distant areas, the risk of forgers taking your land. In poorer countries you could also face the problem of land invasion, both urban and rural. Solution for that depends on a harsh (fast) or socially populist (slow) local government. Small businesses are out of question for you, frankly. The list of risks (cash stealing, accounting misleading, etc.) is such that you will lose money. Even if you ran the business in your hometown it would not be easy right?


It depends on the asset and the magnitude of the exchange rate change relative to the inflation rate. If it is a production asset, the prices can be expected to change relative to the changes in exchange rate regardless of magnitude, ceteris paribus. If it is a consumption asset, the prices of those assets will change with the net of the exchange rate change and inflation rate, but it can be a slow process since all of the possessions of the country becoming relatively poorer cannot immediately be shipped out and the need to exchange wants for goods will be resisted as long as possible.


Because it's a declining company and used as an institutional sized pump and dump with a new toxic financing every week. Look up Kalani Investments - they're behind it all.


This is normal for credit cards.  As long as you make the credit card company's cutoff time, they will make the funds available on your credit card rather than make you wait for them to actually get the funds from your bank. The amount of time this takes actually can vary significantly from bank to bank. You do want to make sure funds are available in your bank account for them to withdraw when they do take them though. If not, the payment would get returned and can set red flags on your credit card account that take a while to drop off.


Use an exchange traded fund ETF, namely SPDR MSCI Japan EUR Hdg Ucits ETF. It is hedged and can be bought in the UK by this broker State Street Global Advisors on the London Stock Exchange LSE.  Link here. Article on JAPAN ETF hedged in Sterling Pound here.


"unless it tastes good. Occasionally, I believe that a very small portion of the population will forgo ""real food"" for some quick serve food that they happen to like: Chipotle Barbacoa burrito with marinated roast beef, black beans, grated cheese, sour cream, rice with lime and cilantro, and roasted chili corn salsa. And brought you by McDonald's. In the Austin area, they have taken a page from authentic Mexican food and serve Chipotle food from a truck. The irony is delicious."


I don’t know specifics of the situation but one possibility would be that Buffett may have billions in various assets etc companies he owns, stocks bonds, but if he doesn’t sell any of those stocks or cash in any of those bonds, then on paper he didn’t make any money that year because he’s letting the assets appreciate. I would say net income is the amount of income you claimed that year, so if you had sold some stock, the amount of money you sold them for would be your income. As opposed to net worth being “if they wanted to” if Buffett sold all of his stocks and assets, he would be able to get billions for it. So while he technically is worth billions, on his tax returns he doesn’t claim much income.


"Members of the Federal Reserve System keep track of what money a bank has (if it's not in the vault), who owns what shares of stock, who owns what bond, etc. The part of the Federal Reserve System that tracks stock ownership is the Depository Trust Company (DTC). They have a group of subsidiaries that settle various types of security transactions. DTC is a member of the U.S. Federal Reserve System, a limited-purpose   trust company under New York State banking law and a registered   clearing agency with the Securities and Exchange Commission. There's lots of information on their website describing this process. DTCC's subsidiary, The Depository Trust Company (DTC), established in   1973, was created to reduce costs and provide clearing and settlement   efficiencies by immobilizing securities and making ""book-entry""   changes to ownership of the securities. DTC provides securities   movements for NSCC's net settlements1, and settlement for institutional   trades (which typically involve money and securities transfers between   custodian banks and broker/dealers), as well as money market   instruments. Black pools are trades done where the price is not shared with the market. But the DTC is the one who keeps track of who owns which shares. They have records of all net transactions2. The DTC is the counterparty for transactions. When stock moves from one entity to another the DTC is involved. As the central counterparty for the nation's major exchanges and   markets, DTCC clears and settles virtually all broker-to-broker equity 1. This is the link that shows that settlements are reported on a ""net basis"". 2. If broker A sells 1000 shares of something to broker B at 8 and then five minutes later broker B sells the 1000 shares back to A, you cannot be sure that that total volume will be recorded. No net trading took place and there would be fees to pay for no reason if they reported both trades. Note: In dark pool trading quite often the two parties don't know each other. For shares (book-keeping records) to be exchanged it has to be done through a Clearing House."


But this isn't cash though, its credit card. They'll just chargeback and we have to now report it to the police for stolen items. But we followed the general procedure, and the thieves had the pin of the CC which is why I'm a bit confused. Now we still have to verify the signature, but if the signature ends up being right should we get the money back? Because at this point the CC holder should be a lot more responsible about the CC and other people shouldn't know their PIN. If anything the signature is understandable cause you can just forge it since its in the back of the card.


I live 15 minute from the Horseshoe casino opening next month in baltimore and 20 from Maryland Live.  Id still MUCH rather go to the Borgata in AC, just because it is so so so much nicer.  I usually go there a few times a year, ill go to MD Live if my friends want to and Im bored.  AC casino = compd rooms, free drinks and nicer restaurants .  I go for little getaways though, for people who just wanna go play cards for a couple hours it makes sense.


">For a whole lot of reasons that are topics for another discussion, decisions were made that eventually led to the abandonment of the ""gold standard"" and now the dollar, like most modern currencies, is pure fiat paper: it's only ""worth"" whatever everyone agrees it is worth, and can only be ""redeemed"" by trading it to someone else for whatever they will give you for it. **There are long, loud, and ongoing feuds over whether that was a good idea, and I'm not going to get into that here.**  ... well, damn. You sure you don't wanna get into that sort of thing? Now I'm intensely curious."


Buy it at the close. That way you won't lose money (even if marked to market) on the day.


BATS CHi-X Europe is a market maker. They provide liquidity to the order books of different kinds of equities on certain exchanges. So the London Stock Exchange lists equities and the order books show the orders of different market participants. Most of those market participants are market makers. They allow others to complete a trade of an equity closer to the price that persons wants, in a faster time period and in larger amounts, than if there were no market makers providing liquidity.


Am I right to worry about both of these? Of course. Who carries $75K in cash for no good reason? Your friend got the cash from somewhere, didn't he? If its legit - there's paper trail to show. Same for your parents. If you/they can show the legit paper trail - there's nothing to worry about, the hassle, at worse, is a couple of letters to the IRS. If the money is not legit (your friend is selling crack to the kids in the hood and your parents robbed a 7/11 to give you the money, for example) - there may be problems.


While statistics do not necessarily apply to one individual's particular situation, you may want to google MIT's Wayward Sons report. Among many things, they do an analysis of ROI on college education. It is the highest it has been in history.


Mostly, when an equity's price rises, its statistical and implied volatilities fall and vice versa. The reason why is a mathematical phenomenon mixed with the reality that a unceasingly falling asset price will soon not exist, skewing the results with survivorship bias.   Since volatility is standard deviation of price indexes, a security that changes in price by the same amount every day will have lower volatility, so a rising price will have lower implied volatility because its mostly experiencing positive daily price change while a recently falling price will have higher volatility because factored together with the positive price changes, the negative price changes will widen the standard deviation of the securities price index. Quantitatively, any change, in or out of one's favor, is a risk because change is uncertain, and any uncertainty is a risk. This quantitative interpretation while valid runs almost totally counter to the value opinion, that a lower price relative to value is a lower risk than a higher price relative to value, but both have their place in time. Over long time periods, it's best to use the value interpretation, quantitative for shorter.  Using the opposite has hastily destroyed many a fund manager.


"The complaint isn't based on facts. It's based on pure protectionism. Boeing doesn't even build this class of airplane. **The Bombardier C-series would compete with the 717 which Boeing hasn't built in over ten years**.   >*""In the Delta Air Lines deal, the airline began talking with Boeing about used E-190s and used Boeing 717s. Boeing had 19 E-190s to dispose of, having committed to take them in on trade as part of an order with Air Canada for the 737 MAX. Delta purchased the 19 E-190s, but rejected the 717s because none was available during the period it required and there were not enough used 717s in any event. Delta called the 737-7 MAX uneconomical vs CSeries, rooted in 1960s design and an inefficient shrink.""*  >*""Delta testified Boeing never offered any new-build aircraft because Boeing doesn’t have an offering in the 100-125 seat sector and it didn’t have any available delivery positions in the period required.""*   Secondly, Boeing holds the **[#1 spot on the most heavily subsidized companies in the US](https://subsidytracker.goodjobsfirst.org/top-100-parents)**, so even if their allegations were true, for Boeing to suggest that another company benefits from subsidies is a case of a very, very, very large pot calling a teeny-tiny kettle, black.    Lastly, to respond in kind to Boeing and the Trump administration, the Canadian governemt should be cancelling it's $2,800,000,000 Boeing Super Hornet order and exerting pressure on **[Air Canada to dump its $6,500,000,000 order for 61, Boeing 737 Max airplanes?](http://www.cbc.ca/news/business/air-canada-orders-61-boeing-737-max-jets-1.2460560)** You know, because Boeing is heavily subsidized and all..."


Capitalism finances an expansive state; see: Military-Industrial Complex, Prisons-for-Profit, etc. Capitalists bribe whatever state exists to profit themselves. If the state is small, they argue that part of it that would benefit them should be expanded. If the state is large, they will simply co-opt what exists, through bribery or plush post-government jobs.  In the unlikely event you were able to keep the state small in the face of billions of dollars of bribery to elected officials and marketing to rubes, the *global* corporations would have it that much easier, wouldn't they?


Leaders come together from very different professional and business perspectives, such as functions, product, or lines of business. They often need to vie for resources, influence, and sometimes even their superior’s job. This is all part of the deal--to represent their unique perspectives, to have a say about their beliefs, and ultimately to run the place if they get the nod.


Yup, they have no moat. Therefore, except for the few die hards who believe in Whole Foods mission (and that's now gone since Amazon now owns them), there's not a compelling proposition to continue shopping there.  In 2015, Costco became the biggest grocer of organic food. I think they continue to hold that top title.   http://www.businessinsider.com/costco-becomes-top-seller-of-organic-food-2015-6


That is what most people in Austin were thinking.  There is a Sears here that has been closing for ~2 years now.  The second floor always looks like a construction zone.  They would have been an odd addition to our city as well.  Austin tends to be hip and tech oriented.  Sears is neither of those.


>  It's got autopilot features, intelligent diagnostic systems, and the current line of Tesla are the safest vehicles on the planet. Not to mention it's extremely reliable.  Actually things like autopilot are optional and very expensive.  Extremely reliable? Might want to look at some reviews. Consumer Reports took back their recommendation after all the issues. There are tons of issues


"Generally when you open a new account, you'd be given a checkbook (usually ""starter"" checks with no personal information, but some banks will later mail you a proper checkbook with your personal details) and a debit card (again, some banks will give you a ""starter"" one on the spot with a personalized following up in the mail, others will mail you). With the debit card you can use your bank's ATM to withdraw cash from your account, or use it for purchases (will debit, as the name says, directly from your account). You can also use it in other ATMs, but that will usually be with significant fees ($2-$5 per withdrawal to both the ATM owner and your bank). Checks - you can write a check to someone or use the check to go to the cashier in the bank and withdraw money (although usually they have special withdrawal slips for that in the branches, so you don't really need to waste your own checks). As to how to deposit money in your home country - you'll have to check with the bank you have an account at back at home. Usually, you can ""wire"" transfer money from your BoA account to the account back home, but that is usually comes at a fee of about $30-$50 per transfer (in the US, additional fees may be charged at the receiving end + currency conversion costs). You can also write yourself a check and deposit that check at the home country bank, but that depends on the specific bank whether it is possible, how much it would cost, and how long it would take for them to credit the money to your account after they take your check - may take weeks with personal checks."


That used to be the case with pursuing a PhD, but now many US institutions prefer you stay with them after the MS and get a PhD through them as well.  If you think of it like a job, during an MS the instituion is basically funding your training, and their hope is that they can benefit from the research you produce as a PhD candidate.  So it is difficult to find funding for a MS alone, but if you apply as a PhD candidate from the beginning they will fund you through the entire process.  There is no contractual obligation, you can leave after you receive the MS regardless.


The Trinity study looked at 'safe' withdrawal rates from retirement portfolios. They found it was safe to withdraw 4% of a portfolio consisting of stocks and bonds. I cannot immediately find exactly what specific investment allocations they used, but note that they found a portfolio consisting largely of stocks would allow for the withdrawal of 3% - 4% and still keep up with inflation. In this case, if you are able to fund $30,000, the study claims it would be safe to withdraw $900 - $1200 a year (that is, pay out as scholarships) while allowing the scholarship to grow sufficiently to cover inflation, and that this should work in perpetuity. My guess is that they invest such scholarship funds in a fairly aggressive portfolio. Most likely, they choose something along these lines: 70 - 80% stocks and 20 - 30% bonds. This is probably more risky than you'd want to take, but should give higher returns than a more conservative portfolio of perhaps 50 - 60% stocks, 40 - 50% bonds, over the long term. Just a regular, interest-bearing savings account isn't going to be enough. They almost never even keep up with inflation. Yes, if the stock market or the bond market takes a hit, the investment will suffer. But over the long term, it should more than recover the lost capital. Such scholarships care far more about the very long term and can weather a few years of bad returns. This is roughly similar to retirement planning. If you expect to be retired for, say, 10 years, you won't worry too much about pulling out your retirement funds. But it's quite possible to retire early (say, at 40) and plan for an infinite retirement. You just need a lot more money to do so. $3 million, invested appropriately, should allow you to pull out approximately $90,000 a year (adjusted upward for inflation) forever. I leave the specifics of how to come up with $3 million as an exercise for the reader. :) As an aside, there's a Memorial and Traffic Safety Fund which (kindly and gently) solicited a $10,000 donation after my wife was killed in a motor vehicle accident. That would have provided annual donations in her name, in perpetuity. This shows you don't need $30,000 to set up a scholarship or a fund. I chose to go another way, but it was an option I seriously considered. Edit: The Trinity study actually only looked at a 30 year withdrawal period. So long as the investment wasn't exhausted within 30 years, it was considered a success. The Trinity study has also been criticised when it comes to retirement. Nevertheless, there's some withdrawal rate at which point your investment is expected to last forever. It just may be slightly smaller than 3-4% per year.


The requirement is to report the highest balance on the account, it has nothing to do with your income.


In Australia anyone thinking about retirement should be concentrating on superannuation. Contribution is compulsory (I think the current minimum contribution rate is 9.5% of salary) and both contributions and investment returns are very tax efficient. The Government site is quite comprehensive - http://www.australia.gov.au/topics/economy-money-and-tax/superannuation - have a read and come back with any specific questions.


I've looked into the Russia ties stuff enough to say that if you are involved in government projects or IP related work you should steer clear of them.  No there isn't anything concrete but either someone really wants someone like me to think they have interesting and complex ties to the Russian Gov or that they do have interesting and complex ties to the Russian Gov. Either way, fine for home use or Small to Medium business use that doesn't tie around IP, Gov or otherwise projects of 'interest' to external Governments.


The mechanism of supply and demand is imperfect.  Producers don't know exactly how many purchasers/consumers for a good there are.  Some goods, by their nature, are in short supply, and some are plentiful. The process of price discovery is one where (in a nominally free market) producers and purchasers make offers and counter-offers to assess what the price should be.  As they do this the historical price changes, usually floating around some long-term average.  As it goes up, we experience inflation.  As it goes down, deflation. However, there isn't a fixed supply of producers and purchasers, so as new ones arrive and old ones leave, this too has an impact on supply and prices. Money (either in electronic or physical form) needs to be available to reflect the transactions and underpin the economy. Most central banks (at least in more established economies) aim for inflation of 2-4% by controlling the availability of money and the cost of borrowing new money.  There are numerous ways they can do this (printing, issuing bonds, etc.). The reason one wants some degree of inflation is because employees will never accept a pay cut even when one would significantly improve the overall economy.  Companies often decrease their prices in order to match lower demand, but employees don't usually accept decreased wages for decreased labour demand. A nominal degree of overall money inflation therefore solves this problem.  Employees who get a below-inflation wage increase are actually getting a wage cut. Supply and demand must be matched and some inflation is the inevitable consequence of this.


I'm not sure if you've seen any of the articles recently on vanilla bean commodity. Huge demand with decreased supply due to a slew of factors. So, currently, vanilla bean is being sold at an astronomical price although I assume the supply is coming. Any idea how to short that?


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"> How unprofessional.  That's Walmart though, right? If they were professional, the hourly employees might be working somewhere else.  ---  My local Walmart is a real circus. I was there last night and the ""greeter"" allowed a lady to walk in with her Rottweiler. She didn't even have the pretend ""service animal"" thing on it. Just walked right in.   Not only that, I walked down the aisle a ways and I heard barking - but not a Rottweiler bark, a Dachshund was barking *at* the Rottweiler from a shopping cart. I long for the day people have to carry paperwork to prove their nasty, obese pets are not true service animals.  All the while, for the past 5-6 months (at least) the PA has a buzzing sound in it. It buzzes for ~3 minutes, it's off for 30 seconds (long enough for you to notice it's off) then it starts again. Morning, afternoon, night - it doesn't matter.  I've brought the issue up to different managers on many occasions and they say ""Oh, that's just the speaker system."" No, morons. It's not *just* the speaker system. I can't believe the store manages survive any regional manager visit.   I live in a tourist area so when it's not completely overrun with out-of-towners, it shows how ramshackle it is. (Oh, and I've tried to call 1-800-WALMART to report the issues, but it's met with a very Sourthern-accented lady saying in some convoluted way how all customer service agents are busy and I should call back.)"


"Institutions and market makers tend to try and stay delta neutral, meaning that for every options contract they buy or write, they buy or sell the equivalent underlying asset. This, as a theory, is called max pain, which is more of an observation of this behavior by retail investors. This as a reality is called delta hedging done by market makers and institutional investors. The phenomenom is that many times a stock gets pinned to a very even number at a particular price on options expiration days (like 500.01 or 499.99 by closing bell). At options expiration dates, many options contracts are being closed (instutitions and market makers are typically on the other side of those trades, to keep liquidity), so for every one standard 100 share contract the market maker wrote, they bought 100 shares of the underlying asset, to remain delta neutral. When the contract closes (or get rid of the option) they sell that 100 shares of the underlying asset. At mass volume of options traded, this would cause noticeable downward pressure, similarly for other trades it would cause upward pressure as institutions close their short positions against options they had bought. The result is a pinned stock right above or below an expiration that previously had a lot of open interest. This tends to happen in more liquid stocks, than less liquid ones, to answer that question. As they have more options series and more strike prices. No, this would not be illegal, in the US attempting to ""mark the close"" is supposedly prohibited but this wouldn't count as it, the effect of derivatives on stock prices is far beyond the SEC's current enforcement regime :) although an active area of research"


> Cisco, which has acquired more than 170 companies, decided it was more efficient — and more economical — to hire its own full-time bankers rather than pay millions of dollars in fees each time it struck a deal.  > “Our heritage has been embracing M.&A. as a way to enter new markets,” said Hilton Romanski, Cisco’s head of corporate development, who started his career as a JPMorgan banker. “It makes sense to build a relatively scaled effort around M.&A. with teams and talent that understand the market.”  > Facebook has hired bankers away from Credit Suisse and Jefferies, among other companies, and gives them more responsibility than they would have at a bank. “They can run a deal from beginning to end,” Mr. Zoufonoun said. “As an analyst, they were doing one part of a pitch deck.”  > At Google, Mr. Harrison has an employee looking after the deal needs of each of the company’s 12 product areas, like ads, YouTube and search. That person goes to all meetings held by the senior members of that group, staying attuned to possible acquisition needs.  > But the hours are not necessarily any better than on Wall Street, said Mr. Zoufonoun, who stayed up several nights in a row working to close the WhatsApp deal and fell asleep at the office the day it was announced.


"Summary of accepted answer: Your ""loss"" will not count as a loss (to the IRS).  Which means no tax deduction for a ""short-term capital loss"" (on that sale). Instead, the IRS simply pretends like you had paid less for the stock to begin with."


Probably not, but if the damage was bad enough that Target gets its lawyers in gear, they can certainly come after you for the monetary damages.  However, it would probably more trouble for them than is worth it.  A business like target probably writes off millions of dollars for these kinds of things per year (theft, damages, spoiled product, shipping costs, lawsuit settlements, recall, etc.)


> Look dude, I don't give a shit what you think. I originally posted this to say don't take the processing balance for fact, as a lot of people do.   Yet ironically... that is exactly what YOU do... 3x a day.


How do you mean?  If you have a list of targeted customers that your sales people are calling from then you would preferably use some kind dialer software (in my opinion a software that don't call for you).   If you call customers that don't want to be called again then don't call them offering this offer. Many customers get approached by many sales people so they often forget who called and when if you haven't come so far that could give the customer a fair explanation of your offer. Whait a month or two and try again.  Have I understood your question right?


It is normally a bad idea to cash in retirement accounts to buy a house, in your case it is a horrible idea because you are way behind on saving for retirement. Other fallacies in your reasoning:   My advice, increase the amount you are saving for retirement considerably, and also put some money aside to save for a down payment on a house. Buy the house when you have enough non-retirement money to afford the down payment. If you can't wait that long, buy a house you can afford. It may help to think of it this way: Visualize yourself as a 65 year old retired person with very little income, and living on your retirement account. Would you as a 39 year old ask that person to give you $175,966 (the amount you are talking about withdrawing compounded annually at 6% interest for 25 years with no additional contributions) so that you could put a down payment on a house? Because that is what you would be doing. When you hit retirement age would you kick yourself for making such a decision? Because unless you die young, that person is sitting out there in your future needing that money to live off of. Don't take this the wrong way, but the tone of your question seems like you are looking for support to make what you already know is a bad financial decision.


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"Pretty unlikely given that net neutrality has only been in place since 2015. Like I get that people dont like the way it was before and dont want to go back, but its not a change so much as a return to how it always was.  Edit: And of course people here just downvote facts without even responding why they are wrong. I dont even oppose net neutrality, Im just saying that to claim that it will ""end the Internet as we know it"" is incredibly dumb, because we didn't even have net neutrality until 2015. This is how we have always known it."


The court by itself is not expensive, it is the implied need for an attorney which are *very* expensive. Your average court case costs $130 to file. However, your average attorneys charge anywhere from $750 to $200 an hour. Granted, the need for an attorney stems from the complexity of written law. I would agree with you that this is not ideal about current society, but the alternative - an society without written law - is much less ideal. To even find something like that, we would almost have to refer back to my previous example - Somalia.


You're trying to mitigate the risk of having your investments wiped out by fraud committed by your broker by using margin loans to buy stock secured by other, non-cash assets in your account. The solution that you are proposing does not make any sense at all. You mitigate a very low probability/high impact risk by doing something that comes with a high probability/medium impact risk.  In addition to interest costs, holding stocks on margin subjects you to the very real risk of being forced to sell assets at inopportune times to meet margin calls. Given the volatility that the markets are experiencing in 2011, there is a high risk that some irrational decision in Greece could wipe you out. If I were worried about this, I would: If you have enough money that SIPC protection limits are an issue, you desperately need a financial adviser. Do not implement any strategy involving margin loans until you talk to a qualified adviser.


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Do you have an adviser/mentor for your thesis? I'd recommend talking to them about your goals and see if they have any insight. They might have a better idea of your credentials/capabilities etc. They will also likely be one of the ones to write a letter of rec, so it would be good to get them on board early.  If you're still at the same institution (or area) from your undergrad, then you could probably talk to any of the finance profs you liked as well. They could be helpful as well and would know more about your background.  Since you are doing a thesis anyways, I'd recommend trying to get it published. This would be something you would want to hopefully get your mentor involved with. The Association of Business Schools (ABS) journal rankings can give you an idea of where you might want to try to publish. I'd think anything at an ABS 2 (3 would be fantastic, a 4 as a masters student is really unlikely but would open almost any door) would really help your application. Although the timing is unlikely to work out (assuming you are working on the thesis and also applying to phd school this year) because the publication process takes a long time, being able to mention in your application that you were targeting a journal (or being able to provide an update that you received a 'revise and resubmit') might really help with your application. Also, if you end up waiting a year for phd school, you'd also have more time to get your thesis published.   I'd think the math/stat background should be pretty solid, even if you don't have all the calc.   A ton of your placement post phd will be determined by your phd school, so if possible, shoot high and try attend the best program you are accepted into. Rankings could give you a good idea of program strength. You can also look at the faculty members' cv. Seeing lots of ABS 4 or 4* articles in their research is a good sign that it would be a strong program.  I hope this helps. I'm not 100% what you mean by 'flagship' state school. If you are thinking top 20 (maybe Ohio State or comparable) then my advice may not apply as much, but if you are thinking in terms of a solid, reputable state school, then I think this might apply


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12% is ridiculously high and routine for loans with no credit history, esp. from the dealer. I don't think though paying off would hurt your credit - you've already got installment loan on your report, and you have history of payments, so it shouldn't matter how long the history is (warning: this is kind of guesswork compiled from personal experience and stuff read on the net, since officially how credit score calculated is Top Secret).  If you have the loan and credit card with good payments, only thing you need to build credit is time (and, of course, keeping everything nicely paid). Of course, if you could find a loan with lower rate somewhere it's be great to refinance but with low credit you would probably not get the best rates from anywhere, unfortunately.


Haha, you are aware that there are articles you can read if you click those links right?  My impression after reading the articles and another posted yesterday about German automakers isn't that it was something forced by the unions, but more of an agreement reached between the unions and VW.  Unions and management in Germany don't have quite the adversarial mindset that exists in the US, so they're a lot more likely to make concessions on either side, but it usually benefits people other than the executives since there's so many more of them.


The ETF is likely better in this case. The ETF will generally generate less capital gains taxes along the way.  In order to pay off investors who leave a mutual fund, the manager will have to sell the fund's assets.  This creates a capital gain, which must be distributed to shareholders at the end of the year.  The mutual fund holder is essentially taxed on this turnover.  The ETF does not have to sell any stock when an investor sells his shares because the investor sells the shares himself on the open market.  This will result in a capital gain for the specific person exiting his position, but it does not create a taxable event for anyone else holding the ETF shares.


"Can you get a cashier's check from your bank, made out in the charity's name, and mail it to the charity? From what I recall of the last few times I've gotten a cashier's check from the bank, it didn't have anything on it that identified me. A determined person could probably trace it back to you, but you're not really looking for strong anonymity. Another possibility would be a postal money order, but I'm not sure whether you can leave the ""From"" section blank. The money order would have a fee, but the cashier's check should be free. (It is at both my local bank and my CU.)"


There are quite a few details missing. What was your status in India when the property was purchased. How was the property funded? As your status now is PIO, assuming you have registered as PIO, and the purchase was funded from NRE account; You can credit the original purchase price into NRE account and repatriate. The capital appreciation has to be credited to NRO, tax paid and apply for repatriation. A certificate from qualified chartered accountant is required. Essentially it certifies you have paid tax and are compiling with FEMA (Foreign exchange management act) If you are not registered as PIO, you would need to apply to RBI (Reserve Bank of India, similar to fed) for permission to sell as this transaction falls under FEMA. You would in any case need a CA. A lawyer would also help. Assuming you were reporting this property in your US IRS returns ... You are liable for taxes in US.  India and US have some amount of DTAA( dual tax avoidance agreement)


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Its best to dollar cost average adding say 5%-10% a quarter into the fund. That's what Clark Howard would suggest.  Also make sure you do not need the money for 5 years, then you should be okay.   Its tough to lose money if you keep your money there for a long period of time.


Its the relative leverage available to retail traders between the two.  In the US one can trade equities with 2:1 leverage while with commodities the leverage can go much higher.  Combine this with the highly volatile nature of commodities, and it makes losing BIG too easy for the average trader.


"If the price used to be 2.50 but by the time you get in an order it's 2.80, you're going to have to pay 2.80. You can't say, ""I want to buy it at the price from an hour ago"". If you could, everybody would wait for the price to go up, then buy at the old price and have an instant guaranteed profit. Well, except that when you tried to sell, I suppose the buyer could say, ""I want to pay the lower price from last July"". So no, you always buy or sell at the current price. If you submit an order after the markets close, your broker should buy the stock for you as soon as possible the next morning. There's no strict queue. There are thousands of brokers out there, they don't take turns. So if your broker has 1000 orders and you are number 1000 on his list, while some other broker has 2 orders and number 1 is someone else wanting to buy the same stock, then even if you got your order in first, the other guy will probably get the first buy. LIFO and FIFO refer to any sort of list or queue, but don't really make sense here. When the market opens a broker has a list of orders he received overnight, which he might think of as a queue. He presumably works his way down the list. But whether he follows a strict and simple first-in-first-out, or does biggest orders first, or does buys for stocks he expects to go up today and sells for stocks he expects to go down today first, or what, I don't know. Does anybody on this forum know, are there rules that say brokers have to go through the overnight orders FIFO, or what is the common practice?"


Because interest is tax deductible. I don't know much about the Chevron deal, but I'm an EM debt analyst and typically the issue you have is that dividends are taxed but interest is not. So to move money from a subsidiary instead of putting in equity and getting dividends (tax inefficient), instead you give debt and get interest back. You get a little less flexibility on payment but you more than make up for that (on average) with tax efficiency.   Don't think of it as a loan at all. Think of it as a pseudo-equity investment with required dividends.  Revenue is not taxed, profit is. Interest comes out of profit, dividends however are issued after profit.  This could all be wrong vis-a-vis Chevron. This is just how most of the companies I look at work.


Is there an indicator about what percentage must be paid when?  Where does economics end and finance start?  I feel quite geeky, but I have been studying a bit of finance, and listening to bloomberg while I work (I am software dev) and want to understand everything :D  edit: just found about this [https://www.google.com/publicdata](https://www.google.co.uk/publicdata/explore?ds=ds22a34krhq5p_&met_y=gd_pc_gdp&idim=country:pt:es:el&hl=en&dl=en#!ctype=l&strail=false&bcs=d&nselm=h&met_y=gd_mio_eur&scale_y=lin&ind_y=false&rdim=country_group&idim=country:pt:es:el:de:fr:uk&idim=country_group:eu&ifdim=country_group&hl=en_US&dl=en&ind=false)


Honestly, mostly basic arithmetic and algebra on a daily basis.  The person who builds the models at my firm is a plasma physics phd though.  I suspect most physicists are brought into firms in this capacity.    I plug my assumptions into the model and then intellectualize and sell the results.    Nothing of what we do, as they say, is rocket science.


"Note: I have no experience of attempting what is described below (neither am I a lawyer nor an accountant). The process may range from a ""small bureaucratic hurdle"" to a ""complex legal nightmare"". If it seems a plausible approach, you would probably be well-advised to reach out to others that have established CASCs for help and guidance. According to this HMRC page the two ways a body can claim Gift Aid is if either it is a recognised charity or if it is a Community Amateur Sports Club (CASC). So one option may be to try and establish a CASC. I suspect that this is unlikely to be an easy process, but may be a more likely approach than trying to get the council to establish a charity. The Register as a community amateur sports club (CASC) page on the HMRC site (very) briefly describes the steps; as you can see from their eligibility criteria, to register as a CASC, you would first have to create a ""Sports Club"" of some form that: has a formal constitution is open to the whole community and has affordable membership fees is on an amateur basis provides facilities in the UK is managed by ""fit and proper persons"" You would probably need the co-operation of the local council to allow the proposed sports club the use of the local park. One of the (several) requirements of becoming a CASC is that it must: So it could, in theory, be possible to spend money raised (through both membership fees and Gift-Aid-qualifying donations) on the improving the facilities of the park (tennis courts, bowling green etc.). However, note that How to Register page mentions (among many other requirements) the need to provide ""accounts from the last 12 months"" and ""bank statements from the last 3 months"". It doesn't (as far as I can see) explicitly state that the club must have been in existence for 12 months before applying for CASC status (it might be possible to send only what you have), but be aware that you may need to establish the club – and let it operate under its own steam – for a period before applying."


Why is the stock trading at only $5 per share? The share price is the perceived value of the company by people buying and selling the stock. Not the actual value of the company and all its assets. Generally if the company is not doing well, there is a perceived risk that it will burn out the money fast. There is a difference between its signed conditional sale and will get money and has got money. So in short, it's trading at $5 a share because the market doesn't feel like it's worth $12 per share. Quite a few believe there could be issues faced; i.e. it may not make the $12, or there will be additional obligations, i.e. employees may demand more layoff compensation, etc. or the distribution may take few years due to regulatory and legal hurdles. The only problem is the stock exchange states if the company has no core business, the stock will be suspended soon (hopefully they can release the $12 per share first). What will happen if I hold shares in the company, the stock gets suspended, and its sitting on $12 per share? Can it still distribute it out? Every country and stock markets have laid out procedures for de-listing a company and closing a company. The company can give $10 as say dividends and remaining later; or as part of the closure process, the company will distribute the balance among shareholders. This would be a long drawn process.