While this is true, it depends on the lens with which you view technology. There are plenty of examples:      1. The transition from horse to car   2. The transition from whale oil for lighting to the incandescent light bulb.   3. The transition from paper and pen to computer 4. The transition from manual telephone connections to the automatic switch box.    Time and time again, automation has resulted in a higher quality of life for the world.   Here are some examples of how a robot would be beneficial to the consumer:    1. More accurate orders   2. Faster service   3. More consistent service   4. More sanitary   5. Cheaper


When a car company offering an extended warranty shows up on my front page 4 times I think it's safe to say we're beyond circlejerk and into ultrajerk. People don't even read the part about the warranty only covering 8 years, they just read the infinite mileage claim and start gagging on Techno Jesus' balls. Reddit's obsession with Tesla is beyond cringeworthy.


1.Charges or Fee: These are only applicable if you buy something use Credit Card and do not payback in time. Otherwise if you just have a Credit Card, most of them are free. There are some that charge annual fee. You will know when you apply for a card. 2a. Depoist Money [Voucher]: You can deposit money on your card account by check, or online transfer or by visiting the Bank Branch. I am not sure what Voucher you are talking about. You will have to find that out from the company that issued the voucher. 2b. Withdraw from ATM: Withdrwals are charged typically 5%, plus fixed Rs 50. Plus interest if you have not paid back in time. Are you are having excess money, there will be no interest charge. Check with the card on the exact charges. 3.Excess transfer to Bank: The excess can be transferred to Bank account by making a request to the Card Company and giving out the details. The Card Company would have a defined timeline for this. Most of the Banks that issue cards have a policy not to keep excess deposits longer. What you are trying to do it not a routine transaction and depends what you are trying to achieve.


Paper trail of who did the deposit.  Less significant for a personal account, but a bigger deal for accounts that are used by multiple people (e.g. a corporate checking account).


You can make this argument for any political, technological, or science-based post, but that doesn't mean any of those things necessarily belong here by virtue of genre.  **There is no explicit** (or even implicit) **content in this article to put it in the context of affecting the economy**, which is why the article is rightfully being criticized as miscategorized.  This is pretty much a Vanity Fair article about Trump's political/cabinet relationships.


I was looking at NAT and NAO, NAT owns 20% of NAO.  They trade opposite each other on the price of oil, low is good for NAT, bad for NAO.  In bad times the other company's stock would probably rise, so they could trim excess shares to keep a stable monetary holding.  This would create cash in bad times, in good times they could buy more, creating a floor as well for the other.


CashBase has a web app, an iPhone app and an Android app, all sync'ed up. It doesn't integrate with banks automatically, but you can import bank statements as CSV. Disclosure: Filip is CashBase's founder.


"Sorry, i always use my phone when using reddit and i'm also not a native speaker. Basically what i tried to say is;  The reason the whole world using this economic system is because when people divide their work force and everyone specializes on one thing they are much better at it, gain more experience, become more efficient and basically it is just more productive.   Thats why everyone has a job.  But jobs has few downsides, most prominent one being making all these repetitive tasks, one can lose their purpose. This is the situation for the poor community. People who do not earn a lot of money and doesn't have a good statue can be depressed by going to same place everyday, doing the same thing for 40-50 years,  for....???The reason is, everyone is doing repetitive tasks, even if it is something you love (personally i would hate my hobbies if i had to do them everyday not for enjoyment but for money) but some are being rewarded much more.   My goal of telling all these is, this is not a perfect economic system but it is the most efficient one today. People need motivation if they are going to do the same thing all the time. The motivation could be different than money and statue but it is much easier to convince the masses these are important so the machine could work.  Only a fool with no regard to history would tell this is the best economic system and it will never change since world is always changing, 5 years ago top10 companies were banks and investment companies now they are tech/internet. My belief is that for now the system is structured and will stay the same until; •War ,which changes the economy. War economy needs other stuff compared to what we are producing normally. Motivation also changes in these times, it's not money anymore but for ""your countries sake"" and ""pride"". •Different political system which is unusual to most since it is the economic change in classes which makes the political system to change."


Rather than take anyone's word for it (including and especially mine) you need to do think very carefully about your company; you know it far better than almost anyone else. Do you feel that the company values its employees? If it values you and your immediate colleagues then its likely that it not only values its other employees but also its customers which is a sign that it will do well. Does the company have a good relationship with its customers? Since you are a software engineer using a web stack I assume that it is either a web consultancy or has an e-commerce side to it so you will have some exposure to what the customers complain about, either in terms of bugs or UX difficulties. You probably even get bug reports that tell you what customer pain points are. Are customers' concerns valid, serious and damaging? If they are then you should think twice about taking up the offer, if not then you may well be fine. Also bear in mind how much profit is made on each item of product and how many you can possibly sell - you need to be able to sell items that have been produced. Those factors indicate how the future of the company looks currently, next you need to think about why the IPO is needed. IPOs and other share offerings are generally done to raise capital for the firm so is your company raising money to invest for the future or to cover losses and cashflow shortfalls? Are you being paid on time and without issues? Do you get all of the equipment and hiring positions that you want or is money always a limiting factor? As an insider you have a better chance to analyse these things than outsiders as they effect your day-to-day work. Remember that anything in the prospectus is just marketing spiel; expecting a 4.5 - 5.3% div yield is not the same as actually paying it or guaranteeing it. Do you think that they could afford to pay it? The company is trying to sell these shares for the maximum price they can get, don't fall for the hyped up sales pitch. If you feel that all of these factors are positive then you should buy as much as you can, hopefully far more than the minimum, as it seems like the company is a strong, growing concern. If you have any concerns from thinking about these factors then you probably shouldn't buy any (unless you are getting a discount but that's a different set of considerations) as your money would be better utilized elsewhere.


"There is no opposite of a hedge, except not having a hedge at all. A ""hedge"" isn't directional. If you are short, you hedge by having something that minimizes your losses if you are wrong. If you are long, you hedge by having something that minimizes your losses if it decreases in value. If you own a house, you hedge by having insurance. There are ""hedged bets"" and ""unhedged bets"""


Provide high quality specialty medical devices and equipment with nationwide distribution, innovating the concept of sales through education, counselling and service to generate excellence and confidence in the medical professional. The Glucometer is an instrument that is used to measure the concentration of blood glucose instantaneously. Conventional capillary glucose monitors puncture the patient's finger to obtain a drop of blood with which to carry out the analysis, with the discomfort this entails.


">*""The vast majority is just too indoctrinated or apathetic to think""*  Yes, I agree with this statement. In certain states, a party platform built upon ""Guns, Jesus and No More Abortions"" will get you elected even if the rest of the policies amount to having them bring ropes to their own hanging. In many blue states, shallow, rhetoric-laden environmental platitudes and an appeal for various kinds of ""social justice"" will have the same effect insofar as it also tends to get voters, voting against their own self interest.   There is literally no other reason why a majority of people would ever vote to de-fund schools, stifle science, dismantle society, allow corporate overreach, prefer pain, suffering and bankruptcy/financial ruin for millions instead of having sensible healthcare policies for everyone. That the military gets almost unlimited funding for its capital purchasing but leaves millions of veterans denied of VA services and almost every other kind of support is shameful and should not be acceptable to anyone. Yet, all of this goes unchanged year-after-year because of the meaningless and ineffective manner in which people vote. Voting isn't the problem. What they vote for, is!   The underlying problem is a deeply uniformed voter that is easily manipulated by the products of campaign finance. Even when voters do show up, their vote is easily purchased that their vote does not have an effect apart from confirming what the lobbyists paid for."


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I've used ING Direct for several years. Never had any problems with them. They were (and maybe still are?) ahead of the curve on security arrangements. You don't need to have a brick and mortar bank to transfer money in, but it is faster and easier if you do. (At least this is true with my mail account -- see next item.) You don't have to have an online account. You can bank entirely by mail if you want. (At least I have one account set up this way, I assume you can still open an account by mail.) They offer CDs with somewhat mediocre rates that are easy to open and fund online from your savings account. The website is relatively simple to use. I have never had any problems with transfers in or out. When you have to call, you get a human on the phone, quickly. Someone who speaks American English with reasonable diction. (At least it used to be this way, I don't think I've called them in over a year.) I'm a fan of ING, but I do wish they managed to keep their rates on top of the chief competition.


The sting here is definitely in the tail, the PS that says We are starting to call you from the same day when we get your details. The initial email doesn't ask for details, it asks for commitment. Once committed, you will be more relaxed about providing details. This makes me think that this is more serious than a simple financial scam. This is an effort to steal your identity, and that could be much more serious than the one-off loss of a few thousand dollars. Here's why: 1. The scammer could get numerous credit cards and store cards in your name, run up thousands or even hundreds of thousands of dollars in charges, and leave you stuck with explaining what happened. I know someone who went from being a multi-millionaire to a pauper in a few months when his identity was stolen - and he is no fool. 2. It will take you years to clear your name. Meanwhile, your credit is shot, and you might have trouble getting a job, renting an apartment, or simply getting a cellphone contract. 3. Once you've repaired your credit, the scammer can just go through his old files and do it all over again. 4. Cloaked in your identity, and therefore being seen as you, the scammer can pull any number of scams, for which you will eventually be blamed. Then as well as dealing with credit bureaus, you will be dealing with another, more serious bureau: the FBI.


"While JoeTaxpayer gave a very insightful answer, and clearly the best answer, let me break it down really simple for you. Talk with a good to great property management company. Given that you will be out of state, you will need one anyway.  A good one is worth their cost, a great one even better.   They will tell you what the ""market will bear"" on renting your place and the expected costs.  From there you can make an intelligent decision.   Have you had any experience in running rental properties?  I am going to assume not, and as such you should have professionals as part of your team.   More than likely you will have to put money in to sustain this property as a rental.  It is just how the numbers tend to work out."


A handful of well-known banks in the United States are part of the clearXchange network, which allows customers of those banks to move money amongst them. The clearXchange service is rebranded differently by each member bank. For example, Chase calls it QuickPay, while Wells Fargo calls it SurePay, and Capital One calls it P2P Payments.  To use clearXchange, the sender's bank must be part of the network. The recipient isn't required to be in the network, though if they are it makes things easier, as no setup is required on the recipient's end in that case. Otherwise, they must sign up on the clearXchange site directly. From what I can tell, most payments are fee-free within the network. I have repeating payments set up with Chase's QuickPay, and they do not charge fees.


Yes, but although the advertisers may be behind the times, they're not entirely stupid.  They know very well that people simply minimize the browser and do something else for a few minutes while the Hulu ad runs its course.


No need for pitchforks.  If they are able to resolve their behavior problems maybe they can quietly negotiate a removal from the ban list.  Those sites apparently relied so heavily on reddit for views that they felt it was worth it to abuse the system.  The reality is that they rarely (never?) provide unique content and usually are just reformatting content from other sources.


The advice you were given in the other question was don't do it. The math is not the issue. The interest structure is not the issue. But there is a significant chance that you could lose money on the deal. If you invested your money in a NASDAQ heavy position in January 2000, you are still waiting to break even in November of 2013; Invest in almost anything in August 2001 and you will be down for a long time. Invest just before the housing collapse in 2007 and only now returning back to where you were. If you take money on a monthly basis and invest it you will be better off.  If want to get the loan; then set up a stream of money into a bank account to make sure that when payments are due you have the cash to do so. When the two years are up you will have cash to repay the loan, and no need to sell the investments. Also if you are a bad judge of investments you won't have a problem repaying the loan. Using a loan to purchase stock reduces your gains and increases your losses. Use the power of Dollar cost averaging by making periodic purchases.


According to the US government a percent of your income from all over the world, whether or not any part of it happened in the US.  You sold a burger made of US meat on a US bun in a US city?  Yeah pay taxes to the US on it.  You sell a burger made of Canadian meat on a Canadian bun in a Canadian city?  You should pay Canadian taxes.  In a reasonable world you should pay US taxes on a single burger and Canadian taxes on a single burger.  In the real world you pay Canadian taxes on a single burger and US taxes on two burgers.  Unless of course you keep your Canadian income overseas and never bring it to the US.  Though you'll have to deal with a million articles about how you are hiding money from the US gov in overseas tax havens.


Critiques of one of the best businessmen of our time by an op ed writer probably mixing cat food with tuna in a shitty studio apartment nightly for dinner.  Say what you will, he was goddamned good at the business aspect of things.   World visionary or any of that other horseshit?  no.   Deserving of candles and all the other goofy shit that society did?  Hell no.  A damned solid businessman?  Yes.


you:  >Pleading ignorance, what is the difference between revenue and sales?   me:  >[ignorance doesn't cut it in your case](http://lmgtfy.com/?q=sales+vs+revenue)  Or does your ignorance include ignorance of hyperlinks too?   Hint: click the link and use this problem solving approach in the future when you again encounter something you don't understand.


> I did accurately predict the August 24, 2015 Black Monday crash 11 days before it happened.  Broken clocks are right twice a day, but the article is a nice read.  Also, QQQ & DJIX hit new highs today and the QQQ options recommended are priced even better now, 3 days after this was posted on SA.


Interesting to me.  Index funds are known for hurting active management. Fund flows have been toward index funds, not active funds.  But apparently S&P and MSCI are making hundreds of millions just by licensing out the names of their most popular funds.  Vanguard also had a sweetheart deal at one time:  > Index funds weren't always a big business, and S&P didn't always know just how valuable the indexes it owned really were. Before the first ETF ever hit the market, S&P agreed to a perpetual license with Vanguard that entitled the index owner to a maximum annual fee of $50,000 from Vanguard's premier index mutual fund, the Vanguard 500 Index Fund.  >As Vanguard popularized the index fund, S&P began to realize just how much it had left on the table. By 2001, the Vanguard fund had $90 billion in assets  > To this day, Vanguard's premier S&P 500 index fund is reportedly operating under its perpetual license, paying just $50,000 per year to S&P Global, but subsequent funds based on S&P's indexes are likely paying full freight. For S&P, it was a very costly lesson to learn.


"Thinking about the business overall, your ""profit"" would be: Since this is a sole proprietorship, the taxes are going to depend on your marginal tax rate. If you file jointly, your income will determine what your marginal tax rate is.  If you file separately, there likely wouldn't be any tax on that income since it's less than the standard deduction, but you lose benefits of filing jointly (combined exemptions, etc.) So think about how much she would charge, what expenses are involved (before taxes), what the taxes would be on that profit, and what the ""opportunity costs"" are - is it worth time away from the kids/hobbies/etc. for that hobby? How much should a hobby business make to make it worth the effort of charging for such services? That would fall in the ""expense"" section.  Are you talking about the actual costs (tax prep, etc.) or just the hassle of collecting, accounting, etc.  Certainly those are a consideration but it's harder to quantify that.  If you can come up with some sort of cost then certainly it would fit in the overall value equation. I'm not sure using additional Social Security benefits as a gauge is helpful, since you wouldn't see those benefits until you're of retirement age (according to SS) and a lot can happen between now and then."


"You don't seem to be a big fan of trading as you may think it may be too risky or too time consuming being in front of your computer all day long. You also don't seem to be a fan of buy and hold as you don't know what your investments will be worth when you need the funds. How about a combination of the two, sometimes called trend trading or active investing. With this type of trading/investing you may hold a stock from a couple of months to many years. Once you buy a stock that is up-trending or starting to up-trend you hold onto it until it stops up-trending. You can use a combination of fundamental analysis (to find out what to buy) and technical analysis (to tell you when to buy and when to sell). So these are some topics you can start reading up on. Using a technique like this will enable you to invest in healthy stocks when they are moving up in price and get out of them when they start moving down in price. There are many techniques you can use to get out of a stock, but the simplest has to be using stop losses. And once you learn and set up your system it should not take up much of your time when you actually do start trading/investing - 2 to 3 hours per week, and you can set yourself up that you analyse the market after the close and place any order so they get executed the next trading day without you being in front or the screen all day. Other areas you might want to read and learn about are writing up a Trading Plan, using Position Sizing and Money Management so you don't overtrade in any one single trade, and Risk Management. A good book I quite liked is ""Trade Your Way to Financial Freedom"" by Van Tharp. Good luck."


When you start at a new job here in the U.S., the default means of payment is usually a paper check. Most folks will quickly set up direct deposit so that their employer deposits their paycheck directly into their personal bank account - the incentive to do so is that you receive your funds faster than if you deposit a paper check.  Even if you set up direct deposit on your first day on the job, you may still receive your first paycheck as a paper check simply because the wheels of payroll processing turn slowly at some (large) companies. A counter example is a self-employed contractor - perhaps a carpenter or house painter.  These folks are paid by their customers, homeowners and such.  Many larger, well established contracters now accept credit card payments from customers, but smaller independents may be reluctant to set up a credit card merchant account to accept payment by card because of all the fees that are associated with accepting credit card payments.  3% transaction fees and monthly service fees can be scary to any businessman who already has very thin profit margins.  In such cases, these contractors prefer to be paid by check or in cash for the simple reason that there are no fees deducted from cash payments. There are a few folks here who don't trust direct deposit, or more specifically, don't trust their employer to perform the deposit correctly and on time.  Some feel uncomfortable giving their bank info to their employer, fearing someone at the company could steal money from their account. In my experience, the folks who prefer a paper paycheck are often the same folks who rush to the bank on payday to redeem their paychecks for cash.  They may have a bank account (helps with check cashing) but they prefer to carry cash. I operate in a manner similar to you - I use a debit card or credit card (I only have one of each) for nearly all transactions in daily life, I use electronic payments through my bank to pay my regular bills and mortgage, and I receive my paycheck by direct deposit.  There have been periods where I haven't written or received paper checks for so long that I have to hunt for where I put my checkbook! Even though I use a debit card for most store purchases, the bank account behind that debit card is actually a checking account according to the bank.  Again, the system defaults to paper checks and you have the option of going electronic as well. Before we judge anyone who doesn't use direct deposit or who prefers to be paid in cold hard cash, consider that direct deposit is a luxury of stability. Steady job, home, etc.  Direct deposit doesn't make sense for a contractor or day laborer who expect to work for a different person each day or week. I don't think this is all that unique to the US.  There are people in every city and country who don't have long-term employment with a single employer and therefore prefer cash or paper check over electronic payments.   I'd be willing to bet that this applies to the majority of people on the planet, actually.


Put the non violent ones to work on the farms. Cut their time in half, let the farm pay them $10 an hour collect taxes,  let the farm feed and house them. If they fight, cause problems, or flee, lock them back up, losing all earned time, plus 100% of your wages as incentive to be good. A 20 year sentence for your 4th cocaine possession you get out in 10 and have 250k to start your life again.


">Lab analysis of the Zyprexa tablets confirmed that they were fake, containing only 55 to 80 per cent of the active ingredient. The analysis showed that there were other unknown impurities. ""There is no such thing as a 'good' counterfeit medicine,"" Deats explains. ""The bottom line is that they don't work. A counterfeit medicine could contain 100 per cent of the correct active ingredient, but if it doesn't dissolve within the body at the right rate, it's not going to work."""


>I shudder to think of the security at small bank websites, frankly.  I had a local credit union for years as my main account and before that I had TD Bank. I 100% trust my local credit union over TD Bank any day to protect me from foreign intrusion or fraud.


I like Health Savings Accounts.  If you don't spend all the money, it rolls over, and you can withdraw from it tax free after retirement.


I edited my W4 over several years, trying to get rid of my refund.  It's a balancing act, just be careful to not owe more than about $1000 each year.  They can hit you with a small penalty.  It's never been enough to concern me, but it's there. It's also a balancing act if you get a raise, a bonus, any kind of differences in pay...


I thought Nestle had been stopped from buying clean water supplies up now? Wasn't it a huge deal last year? Ah what does it matter, as long as the internet is a human right we have to pay for, why not let water be one also.


Re (1), I don't think it makes any difference. What does make a difference is the presence of your signature on the loan documents, unfortunately. And even if your ex-business partner didn't include the LoC in his bankruptcy, if he or his company don't have any money the bank is still going to come after you.


"That right there is one of the most dangerous things that I think I have ever read. Google, has turned evidence over to the NSA and FBI numerous times even without warrants. Look at their TOS; you will see that you are allowing them to do that. Google is one of the most horrendous companies when it comes to ""your"" privacy. Microsoft has taken the US government to court more times involving their user's privacy and protection. Granted they are all about the monopoly, so there's that. Apple has an impressive history of telling the FBI to suck it.  When it comes to cloud-based security, one of the best roads to go down would be creating your own, if you can."


Those aren't distributions, they're contributions.  Distribution is when the money comes out of the retirement accounts. Here is the best source (the IRS) for information about tax advantaged retirement plans.


>You have to sell 3-5x more LT than you're buying ST in order to be delta neutral, because the ST is much more volatile.  I assume that you talking about positions by their DV01 and not by the notional exposure?


It's certainly crushing the legal market. Law schools don't teach you anything about actual practice beyond a few abstract legal form courses. After graduating it was another 2 years of knowing nothing and constantly asking for help. Even if you do get hired, they usually stick you with the partner who is struggling and is already breaking down from stress and alcoholism, so it's never a positive mentor situation.   Firms just don't want to bother with training anymore so they expect you to go work the public sector. Except those jobs are all filled with veteran lawyers looking to work less and retire on government money. The gridlock just doesn't end.


In personal finance circles this is called an Emergency Fund. There are many opinions about how big it needs to be but most seem to come in around 3-6 months worth of your average expenses. Any more than that and you're going to loose money to inflation, less and you will start having problems if you get laid off or have a medical issue.


I have a job and would like to buy equipment for producing music at home and it would be easier for me to pay for the equipment monthly I just want to address your contention that it would be easier to pay monthly, with an interest calculation.  Lets say you get a credit card with a very reasonable rate of 12% and you buy $2,500 of equipment.  A typical credit card minimum payment is interest charges + 1% of the principle. You can see how this is going.  You've paid nearly $200 to clear about $100 off your principle.  Obviously paying the minimum payment will take forever to wipe out this debt.  So you pay more, or maybe you get 0% interest for a while and take advantage of that. Paying $100 per month against $2,500 at 12% per year will take 29 months and cost about $390 in interest.  At $200 per month it'll take 14 months and cost $184 in interest.  Also note, you'll probably get an interest rate closer to 16 or 17%. It's always easier to pay small amounts frequently than it is to pay a lot of money all at once, that ease has a cost.  If you're buying the gear to start a little business, or you already have a little business going and want to upgrade some gear, great; disciplined debt handling is a wonderful skill to have in business.  If you want to start yourself in to a new hobby, you should not do that with debt.  If interest rates are low enough financing something can make sense.  0.9% apr on a car, sure; 15% apr on a mixing board, no.  Credit card interest rates are significant and really should not be trifled with.


Vitamin C is one of the most antioxidant and participates in numerous physiological processes essential for health. Among other things, it strengthens our immune system, prevents cancer according to numerous studies and best vitamin c supplement contributes to the most elemental construction of our body. According to the daily dose recommended by the main health agencies it is extremely difficult to present vitamin deficiency, since many foods regularly consumed in the diet contain much higher amounts.


The best investment opportunity that guarantees unending cash flows. You will get a replicated website with your own payment button that opens unending and continuous flow of $5 payments directly into your account. There are other biz opportunities (complete home base business) inside the member area. All these opportunities will be yours in less than 10 minutes. Respond to this ad now and start your journey to prosperity


If you file your taxes jointly, she can pay for you. The money can be spent on any taxable dependent can for qualified expenses.  The rules for how much money can be contributed to the account are based off of the number enrolled. Since your spouse has your children enrolled, she can contribute the higher family limit (current $6250 in 2012) but that has no bearing on how she spends the money so long as the expense is a qualified one. She could not pay for a cousin's expenses if that cousin is not listed on her taxes. Because your wife has the HSA, you are not allowed to contribute to an FSA, so be careful with whatever insure you being provided by the university.


A sure-fire way to make money?  Hell no. There are tonnes of scams and money grabs out there, not to mention the fact that most ICOs are based on projects that are going nowhere. Having said that, there are many ICOs each month that will do very well in the future.  The best thing to do is to shortlist a number of projects you like the sound of and then sit down and research each of them.  Some of the key things to look out for, aside from whether you think the idea is a good one are: The team.  Do they have a proven track record?  Are they reputable?  Is what they claim provable?  Google team member names and check to see if they have a legit Linkedin profile. The Whitepaper.  Is it clearly worded without spelling and grammar mistakes?  Does it have a well defined roadmap with provable achievements to-date? The ICO format.  How much are they looking to raise and is it a realistic figure?  Are unsold tokens burnt?  Is there a maximum contribution limit per investor? What does the competition look like? If they are first to market then this will make the startup way more attractive. The above are probably the most important things to consider though there are many other things to investigate. I have written a fairly comprehensive guide to all the things I look out for when analyzing the investability of an ICO. You might want to check it out before firing out your Bitcoin and ETH into dubious projects.


"Gold had value because it could be stamped with a value.  The value is the number on the coin.   Gold really doesn't have intrinsic value and it's value during a actual famines is very very low.  For more info, see a very interesting digression in ""Wealth of Nations."""


"I've got £476,000 but the maximum house price is £450,000. What   happens to the £26,000. Does it stay there with ~6% interest (and no bonus of course), and would be available when I retire at around 75 (there would be about £106,000 by then)? Yes, anything you don't withdraw for your house purchase stays in the Lifetime ISA and keeps growing there. Also you do keep the bonus on it, which was paid at the time you subscribed, unless you make a withdrawal before age 60. After age 60 you can withdraw and keep the bonus. Note that you need to be buying with a mortgage to be allowed to use the lifetime ISA money (without penalty). This is mentioned on the gov.uk website as well as in the actual regulations that establish lifetime ISAs (search for ""first time residential purchase"" and look at clause (6)). That would mean you'd need to withdraw even less than the £450K and artificially borrow the rest. All that said, I suspect the £450K limit would be raised by 2049, given inflation. Can I buy a house and ""quickly"" sell it again, to simply access the money, The regulations say that on completion of the purchase, you must ""occupy the land as their only or main residence"" (there are a few exceptions, such as if it's still being built, or if you are at the time posted abroad by the government, but essentially you have to move in as soon as possible). There's no time limit stated in the regulations, so in theory you could move in and then sell quite fast, but personally I'd be nervous about this being seen as not genuinely intending it to be my main residence. In theory you could be prosecuted for fraud if you claimed a valid withdrawal when it wasn't, though given the wording of the regulations it looks like you'd be complying with the letter of the law."


I got the distinct feeling that the writer had no clue what the western shore of Michigan is like - they kept making it sound like Flint, when Benton Harbor is just a poor spot in a string of tourist towns and lake houses.


I suggest opening a Credit Card that doesn't charge Foreign currency conversion fees. Here is the list of cards without such a fee, Bankrate's Foreign transaction fee credit card chart


"Since I can't vote up the answer yet, I will agree with it here. I find the best tactic when you call is to tell them you have an offer in hand and will use it if they don't match the rate exactly or discount it enough to save you the trouble of going through the process of a balance transfer. So if they balk and say ""No,"" then walk and go (to the in hand offer). Just remember, the worst they can say is ""No.""  If you don't even bother to ask, it's as if you did and they said ""No,"" as either scenario leaves you with the same result: an unchanged interest rate."


Interesting question.  I would need to look at the actual wording on the subsidies themselves.  I’ll dig around.  In the mean time, do you have any suggestions that could narrow down my search?  Many times, these things are riders on other bills, to both get it passed and to give them an out if someone is called on it.


Yes of course I do, I'm an academic working in Healthcare. And I used to work in the NHS, which the economists who specialise in healthcare have never done. They idea that anyone within healthcare can act as an efficient consumer, is a fundamentally flawed concept.


I understand that it is an evil people have to put up with. I would still bitch about it regardless of whether it is something I use or not (CFDs, which I think are dangerous, should not be banned IMO). But then again, this is off topic.  On the issue, to my understanding (and putting aside whether the 25k minimum applies to futures or future options as well), if you buy an option on a future, and if it works anything like a stock option in terms of paying a premium for a right to buy the underlying security (call option), then technically you would have the RIGHT, but not obligation to buy a future at a past price. I am not an export on futures or options, but from my understanding, that is what I understood future options to be . I first heard about them from Jim Rogers in hot commodities. For more info see: http://www.investopedia.com/articles/optioninvestor/02/061302.asp


Dallas. I didn't say comfortable, I said happy. Being poor was much harder than not (thankfully, we're not any more) but we were fine and we never took (although we could have) govt assistance beyond standard tax credits. My wife is a great cook, she works wonders on a budget and there are creative ways to handle childcare, transportation and schedules as some here have already mentioned.


You can have multiple W2 forms on the same tax return. If you are using software, it will have the ability for you to enter additional W2 forms. If you are doing it by paper, just follow the instructions and combine the numbers at the correct place and attach both.  Similarly you can also have a 1099 with and without a W2. Just remember that with a 1099 you will have to pay the self employment tax ( FICA taxes, both employee and employer) and that no taxes will be withheld. You will want to either adjust the withholding on your main job or file quartely estimated taxes. Travel reimbursement should be the same tax exempt wise. The difference is that with a 1098, you will need to list your business expenses for deduction on the corresponding tax schedule. The value on the 1099 will include travel reimbursement. But then you can deduct your self employment expenses. I believe schedule C is where this occurs.


Proof of funds for funding firms are used to determine if you have any money before they lend to you. (determine risk of lending to you if you defaulted) If you came in with 10 million dollars, the firms will turn a blind eye to any money laundering regulations and just lend to you.


"There is no such thing as a correct value. There are different ways to calculate (read: guess) an anticipated value, but neither of them is the ""correct"" one. Last not least this depends on your interpretation of the term ""correct"" in that context.  Why do you think paid Facebook such a huge amount for WhatsApp? Surely not, because it was the ""correct"" value."


"Overall LCR is good for the financial system and makes for healthier, more liquid banks. But some of the assumptions are heavy-handed.  For instance, if a Non-Bank FI has a revolver used for backstop (subscription facilities), LCR assumes they will draw 100% of the revolver in a 30-day stress case. 100 percent! So the bank has to hold $1 of liquid assets for every $1 of revolver commitment (not even actual lending). ""Outflow rates"" are similarly conservative for other borrowers - 30% for corporate CP backstop facilities, which are only available to the most creditworthy companies.  Another issue is that some High Quality Liquid Assets actually attract Basel 3 capital. So LCR is forcing banks to hold these assets which increase their B3A/B3S capital requirement. It's double jeopardy.  And of course there's the additional cost and operational risk of implementing and monitoring any new regulation. Banks must hire or train people to calculate LCR, and those people can make mistakes, leading to penalties. However most large banks have been calculating LCR well ahead of the phase-in date."


I'd suggest you take a less is more approach. A few well written summaries and don't sweat it. He doesn't have time to read a novel. My guess would be career interests, more so than personal. Probably just introduce yourself, mention your interest in role/company, your background.


It looks like with the sale of your current home you have enough liquidity to obtain credit on the best terms without tapping your wife's IRA. The biggest factor to consider is the deduction on mortgage interest which reduces the effective interest on your mortgage significantly, particularly as you jump into a higher tax bracket. Along these lines, deferred retirement savings should have a higher priority than paying down the mortgage or your student loans. Student loans should probably be your biggest priority to pay down. With the mortgage deduction, a 4% rate becomes effectively a 3.4% rate if you are in the 15% bracket, but as low as 2.6% effective rate if you are in the 35% bracket. Both of these are lower than the 3.5% rate that you can get on the student loans after refinancing.  This also assumes you aren't hit with the AMT. This is probably worth the cost of a quick consultation with a tax professional to go over these options and how they affect your taxes.


Index Funds & ETFs, if they are tracking the same index, will be the same in an ideal world. The difference would be because of the following factors: Expense ratio: i.e. the expense the funds charge. This varies and hence it would lead to a difference in performance. Tracking error: this means that there is a small percentage of error between the actual index composition and the fund composition. This is due to various reasons.  Effectively this would result in the difference between values. Demand / Supply: with ETFs, the fund is traded on stock exchanges like a stock. If the general feeling is that the index is rising, it could lead to an increase in the price of the ETF. Index funds on the other hand would remain the same for the day and are less liquid. This results in a price increase / decrease depending on the market. The above explains the reason for the difference.   Regarding which one to buy, one would need to consider other factors like: a) How easy is it to buy ETFs? Do you already hold Demat A/C & access to brokers to help you conduct the transaction or do you need to open an additional account at some cost. b) Normally funds do not need any account, but are you OK with less liquidity as it would take more time to redeem funds.


"Trends and trajectories mean nothing when the market is at an inflection point. You can't predict the future when you don't know what the players have planned.  EDIT: Make that ""can't know"", since even the big players don't know what they are doing next."


"You could also look up stock trading games.  Basically, you get x amount of ""money"" and ""invest"" it in stocks, trying to get the highest return of the group in y amount of time.  They are a decent way to get used to how different types of trades work without having to risk any real money, while having enough ""money"" to invest that you can try different things.  Of course, as others have mentioned they may or may not include all the nuances, like minimum investments and brokerage fees, but at least you can learn and see how the different buying and selling options work."


"With regards to ""the stock market,"" there are actually two markets involved here: PRIMARY MARKET Value is created in the primary market where capital is exchanged for a residual interest in an opportunity.  As a theoretical example, if a person operating solo (or with a small team) were to discover or create a breakthrough product, such as an retro-aging pill, that person likely wouldn't have the financial means to fully capitalize on his new-found idea.  Others with more capital may also soon discover his idea or improve upon it and exploit it before he has a chance to. For a real life example, a person studying at a California university during the 1990s discovered a method to index internet webpages and was approached by some students after a talk on the subject.  He returned to his native southern Europe country seeking funds to develop the web-indexing business and failed to do so.  Two of the students that approached him found capital readily available from investors in their campus sphere; their business is today one of the biggest in the world.  They had exchanged part of their residual interest for capital to develop their business. The primary market of the stock market works mostly same in creating value.  It is also dependent upon the secondary market. SECONDARY MARKET The secondary market indicates the day-to-day value of an enterprise.  That market allows shareholders to manage their risk appetites and the enterprise's operators to execute their shareholders' interest for gains.  In most cases, a secondary market reference will be used for pricing a primary market issuance.  Without that reference, capital would be allocated less efficiently creating additional costs for all involved, issuers and investors. Consider what would happen if you sought to purchase a house and the mortgage lenders had no indication what the property was worth.  This would make capital very expensive or possibly deny you access to credit.  By having an indication, all involved are better off.  That is value creating. There are some large developed economies' equity markets, such as that in Germany, where many large enterprises stay privately held and credit financing, mostly from banks, is used.  The approach has proven successful as well. So why do some nations' financial markets still rely on capricious stock markets when private credit financing may do just fine in many cases?  It's largely a matter of national culture.  Countries such as the Netherlands, the UK and the US have long had active equity markets in continuous use that investors have trusted for centuries. CONCLUSION When leaders of an enterprise wish to grow the business to a large size with investment from the stock market, they aren't limited by the size of their banks' capital.  Those leaders and their prospective investors will rely on the secondary market to determine values.  In addition, if the leaders raise equity instead of debt capital, they are usually accorded more flexibility to take risks since shareholders usually have their own flexibility to transfer those risks to other investors if for any number of reasons they choose to do so. Stock markets create value in many other ways.  The above are the main ways."


I don't know if Uber will ever have a profitable business but their growth is pretty substantial too.. $500M increase in net revenue from Q4 2016 to Q1 2017.  I combined a few sources of public data and threw them on a chart;   https://i.imgur.com/MnVrStN.png  If they're still growing at 20+% per quarter, that's incredible.  Startups like to talk in terms of revenue run rate, given their quarterly data, they went from a $4b/year company to a $14b/year company in 12 months!


"Let's handle this as a ""proof of concept"" (POC); OP wants to buy 1 share of anything just to prove that they can do it before doing the months of painstaking analysis that is required before buying shares as an investment. I will also assume that the risks and costs of ownership and taxes would be included in OP's future analyses. To trade a stock you need a financed broker account and a way to place orders. Open a dealing account, NOT an options or CFD etc. account, with a broker. I chose a broker who I was confident that I could trust, others will tell you to look for brokers based on cost or other metrics. In the end you need to be happy that you can get what you want out of your broker, that is likely to include some modicum of trust since you will be keeping money with them. When you create this account they will ask for your bank account details (plus a few other details to prevent fraud, insider trading, money laundering etc.) and may also ask for a minimum deposit. Either deposit enough to cover the price of your share plus taxes and the broker's commission, plus a little extra to be on the safe side as prices move for every trade, including yours, or the minimum if it is higher. Once you have an account the broker will provide an interface through which to buy the share. This will usually either be a web interface, a phone number, or a fax number. They will also provide you with details of how their orders are structured. The simplest type of order is a ""market order"". This tells the broker that you want to buy your shares at the market price rather than specifying only to buy at a given price. After you have sent that order the broker will buy the share from the market, deduct the price plus tax and her commission from your account and credit your account with your share."


In 1997, the late David Bowie famously worked with a financier to innovate on a bond issue to be paid back by the royalties on his back catalog, Bowie Bonds  Several contemporary musicians followed suit, but Madonna was not one of them.  At some point this may change and Madonna or the label that owns part of the catalog may issue bonds backed by royalties.   Madonna's catalog pre-2007 is owned by Warner Music which in 2011 was sold by Time-Warner to a private equity company Access Industries.   Madonna's post 2007 music including the latest 2015 release is in partnership with LiveNation, a publicly traded company LYV.


If there were no contribution limits, you could shelter practically all of your income from income tax. The government would not have sufficient tax revenue. Hence, there are limits which ensure some personal income remains taxable today. Similarly, when you retire, there are rules for minimum required distributions (withdrawals) which ensure the government gets to tax some of your income each year in your retirement, depending on the account type. One other advantage of limits is to encourage people to approach saving for retirement using regular, ongoing contributions made in the context of each year's limit. The limit, in a sense, can be a form of guidance. Some aim to contribute to the limit, and some even save beyond it using plain taxable investments.


The right way to develop confidence is to get educated. Confidence can come from many sources, but the right source of confidence is an understanding of how markets work. Markets react (and overreact) to news. I think the biggest factor to trading successfully is to not allow emotion to drive you. You should determine how much you are comfortable gaining and losing and set those in limit and stop orders rather than just using market orders all of the time. As I've grown in my understanding of the market, I find it much more rare that I feel confident enough to make a specific bet. Most of my money is allocated in index funds, and I only buy and sell small amounts to reset the percentages according to a preset allocation plan. I still keep some cash available for speculative trades in the account where those trades will add the most value.


"Google is a poor example since it doesn't pay a dividend (and doesn't expect to), so let's use another example with easy numbers. Company X has a stock price of $100, and it pays a quarterly dividend (many companies do). Let's assume X pays a dividend of $4. Dividends are always quoted in annual terms, as is dividend yield. When a company says that they pay ""quarterly dividends,"" it means that the company pays dividends every quarter, or every 3 months.  BUT, if a company has a $4 dividend, you will not receive $4 every quarter per share. You will receive $4/4 = $1 per share, every quarter. So over the course of a fiscal year, or 4 quarters, you'll get $1 + $1 + $1 + $1 = $4 per share, which is the annual dividend.  The dividend yield = annual dividend/stock price. So in this case, company X's div. yield will be $4/$100 * 100 = 4%. It's important to note that this is the annual yield. To get the quarterly yield, you must divide by 4. It's also important to note that the yield fluctuates based on stock price, but the dividend payment stays constant unless the company states an announcement. For a real world example, consider Intel Corp. (TICKER: INTC) http://finance.yahoo.com/q?s=INTC The share price is currently $22.05, and the dividend is $0.84. This makes the annual yield = $0.84/$22.05 * 100 = 3.80%. Intel pays a quarterly dividend, so you can expect to receive $0.21 every quarter for every share of Intel that you own. Hope that clears it up!"


Account statements and the account information provided by your personal finance software should be coming from the same source, namely your bank's internal accounting records. So in theory one is just as good as the other. That being said, an account statement is a snapshot of your account on the date the statement was created, while synchronizations with your personal finance application is dynamically generated upon request (usually once a day or upon login).  So what are the implications of this? Your account statement will not show transactions that may have taken place during that period but weren't posted until after the period ended (common with credit card transactions and checks). Instead they'd appear on the next statement. Because electronic account synchronizations are more frequent and not limited to a specific time period those transactions will show up shortly after they are posted. So it is far easier to keep track of your accounts electronically. Every personal finance software I've ever used supports manual entries so what I like to do is on a daily basis I manually enter any transaction which wasn't posted automatically. This usually only takes a few minutes each evening. Then when the transaction eventually shows up it's usually reconciled with my manually entered one automatically.  Aside from finding (infrequent) bank errors this has the benefit of keeping me aware of how much I'm spending and how much I have left. I've also caught a number of cashier errors this way (noticing I was double-charged for an item while entering the receipt total) and its the best defense against fraud and identity theft I can think of. If you're looking at your accounts on a daily basis you're far more likely to notice an unusual transaction than any monitoring service.


Do you planning for going Manuel Antonio beach situated in the Costa Rica for your vacation and you need a rental villa for stay? If yes Vista Hermosa Estate is the best option for you it is a Luxury Villa Rentals for vacation with the luxurious facilities and it is near the beach site.


I mean isn't it implied that cash flows increase by the amount of the benefit of the investment each year? I'm a little shaky on cash flows tbh. My scope may be limited compared to yours I've never taken a financial management class but just from financial accounting knowledge since I recently finished that, it seems like cash flows would be increased if revenues are increased. Unless the revenue increase is for some reason solely in the form of accounts receivable or some asset other than cash.


"The secret is: you need to learn things in school, and be able to apply them in the real world in a way that creates value to someone.  It doesn't matter if it's CS, Physics, English or Swahili.  Or you can create value with no degree at all.  In reality, it's far easier to ""create value"" by taking STEM fields, as you say.  But students should never look at a degree as the answer to anything."


its the best investment you can have specially with the company you work for and IPO, if i was you i would invest in more then just the minimum since its IPO. ask you your manager or supervisor how much are they buying the stocks for if they are doing it the go for it you'll be okay just keep track of it regular sometime you can invest more as time go by. You can get the idea by how much production your company is doing, if your company's profit going up chances are you need to buy more.


Check global ATM alliance they are banks that use reciprocal benefits on each other in other countries without fees. For example the in the USA Bank of America and In France it is BNP Paribas. Both are banks in this alliance. I use this option between the United States and the Caribbean my banks of choice are Bank of America in the US and in the Caribbean I use Scotia Bankand since I have accounts in both weekends I can use both ATM cards on any of these two banks without any processing fees!!!!  You should check the global ATM  alliance to see if it is an option that you could use.


You can't be doing it yourself. Only your employer can do it. If the employer doesn't provide the option - switch employers. The only way for you to do it yourself is if you're the employer, i.e.: self-employed.


No, the 120 days rule only applies in cases of delay or cancellation. If the purchase went through and you got additional money elsewhere - you cannot re-deposit the distribution back. See IRC Sec. 72(t)(8)(E): If any distribution from any individual retirement plan fails to meet   the requirements of subparagraph (A) solely by reason of a delay or   cancellation of the purchase or construction of the residence, the   amount of the distribution may be contributed to an individual   retirement plan as provided in section 408 (d)(3)(A)(i) (determined by   substituting “120th day” for “60th day” in such section)


Housing prices are inseparable from the job market of an area. The 40k you want to use as a down payment will buy an entire house outright in many places of the country that have no jobs. If your job is mobile why not follow cheap housing, even if it is just to rent?


Inflation is low because middle class salaries/wages have stagnated (in addition to the fact their their measures of inflation aren't relevant to the thinning middle who are seeing their real earnings decrease).  I mean it's not that difficult to understand and all their data points to this reality.  If they can't explain why, it's because they don't want to have to explain it.


You can improve your credit score simply by being an authorized user on someone's credit card account.  They don't even physically have to give you a card to use, they can just add you to the account as an authorized user and your credit score will be affected.  Be forewarned though, it can be negatively impacted as well.  Only participate in such a scheme if it's with someone trustworthy and reliable.


Immersive Media offers a wide range of website design services. They can help create your website, regardless if it is a one-page brochure or a complex online site. They can also utilise different content management systems for this task such as WordPress and Drupal. Visit their website at https://www.imwebdesignmarketing.co.uk/ for more details.


"The four countries we examined—Canada, the United Kingdom, Germany, and France—have separated their air traffic control functions from their safety oversight and regulatory functions, the report said. ""While safety and regulatory functions remain government-controlled, each nation has commercialized its air traffic control function into an [Air Navigation Service Provider] using various organizational structures."" http://thehill.com/policy/transportation/253073-audit-finds-significant-differences-in-private-air-traffic-control"


I think you swung there prematurely, I don't believe he was making a case for deep tax cuts for the rich. And no, I'm not a pro 1%er. This tax proposal will turn out to be a boondoggle like everything else we've seen so far from this admin. It's a solution unto itself, not actually trying to solve a substantial problem for the majority of citizens.   It's always hilarious to me that, somehow, tax cuts for corporations will somehow motivate them to hire idle workers because they have a little more cash in the coffers. When did supply and demand go away?


Be radical! (I assume you are not working for a city bank getting paid “city wages” – e.g. you are one of the 99% of people in London or more “normal” income.) House prices and rents in London and anywhere within reasonable commuting distances are now so high that couples in reasonable jobs often have to rent rooms in shared houses (HMOs).   This is due to so many people wishing to live/work in London and there not being enough new homes built.  If you are looking at buying a property to rent out, you need the rent to be about double the interest payments on the mortgage – otherwise you will not be able to afford repairs, or cope when interest rates increase – (you could also get a tax bill that is more the your profit).   Finding such a property is very hard in London, as the prices of homes have gone up a lot more in London then rents have.     There are still some flats where the rent will cover the landlord’s costs, but not many.   (Any landlord that brought more than a few years ago, is making a very nice profit in London, as the rents have gone up a lot since they brought – but are you willing to bet your life on the rents going up even more?) Moving a short distance out of London, does not help much. So look at somewhere like Manchester or Birmingham


Of course, great and friendly service isn’t as wonderful if you have to wait too long to receive it. Some Air Conditioning Cleaning Services have a timely service guarantee, which is definitely something to look for. Along with timely service, being able to easily and efficiently contact the service provider is equally important. Both Express Aircon Cleaning and Fresh Aircon Services offer multiple ways to get in touch with their business, both online and by phone.


">If Microsoft increased salaries by 30%, they could solve this ""problem"" tomorrow.  The other way they could easily solve the problem is to stop pretending that developers cannot easily learn a new skill on the job that they do not currently have.   The reason why the skills shortage is totally false is that _companies can easily train programmers to have new skills_ but always refuse to do so."


Yeah Lenovo took over IBM PC systems in 2005, it was a Chinese based company. Now it looks like they will be making PCs in the USA again along with workstation and servers.  Need I mention that Lenovo PCs work great with Linux as well?


"Largely, because stock markets are efficient markets, at least mostly if not entirely; while the efficient market hypothesis is not necessarily 100% correct, for the majority of traders it's unlikely that you could (on the long term) find significant market inefficiencies with the tools available to an individual of normal wealth (say, < $500k). That's what frequent trading intends to do: find market inefficiencies.  If the market is efficient, then a stock is priced exactly at what it should be worth, based on risk and future returns.  If it is inefficient, then you can make more money trading on that inefficiency versus simply holding it long.  But in stating that a stock is inefficient, you are stating that you know something the rest of the market doesn't - or some condition is different for you than the other million or so people in the market.  That's including a lot of folks who do this for a living, and have very expensive modelling software (and hardware to run it on).  I like to think that I'm smarter than the far majority of people, but I'm probably not the smartest guy in the room, and I certainly don't have that kind of equipment - especially with high frequency trading nowadays. As such, it's certainly possible to make a bit of money as a trader versus as a long-term investor, but on the whole it's similar to playing poker for a living.  If you're smarter than most of the people in the room, you might be able to make a bit of money, but the overhead - in the case of poker, the money the house charges for the game, in the case of stocks, the exchange fees and broker commissions - means that it's a losing game for the group as a whole, and not very many people can actually make money.  Add to that the computer-based trading - so imagine a poker game where four of the eight players are computer models that are really good (and actively maintained by very smart traders) and you can see where it gets to be very difficult to trade at a profit (versus long term investments, which take advantage of the growth in value in the company). Finally, the risk because of leverage and option trading (which is necessary to really take advantage of inefficiencies) makes it not only hard to make a profit, but easy to lose everything.  Again to the poker analogy, the guys I've known playing poker for a living do it by playing 10-20 games at once - because one game isn't efficient enough, you wouldn't make enough money.  In poker, you can do that fairly safely, especially in limit games; but in the market, if you're leveraging your money you risk losing a lot.  Every action you take to make it ""safer"" removes some of your profit."


Dealer financing should be ignored until AFTER you have agreed on the price of the car, since otherwise they tack the costs of it back onto the car's purchase price. They aren't offering you  a $2500 cash incentive, but adding a $2500 surcharge if you take their financing package -- which means you're actually paying significantly more than 0.9% for that loan! Remember that you can borrow from folks other than the dealer. If you do that, you still get the cash price, since the dealer is getting cash. Check your other options, and calculate the REAL cost of each, before making your decisions. And remember to watch out for introductory/variable rates on loans! Leasing is generally a bad deal unless you intend to sell the car within three years or so.


Yeah, but how many 1970s gold bugs invested early? Paul strikes me as typical of the breed: reactive and reactionary. Probably  acquired a stack of double eagles and gold stocks in 1975, at the peak of the Arab oil embargo inflation--as did others I know.  Even worse, Paul's leveraged equities short fund would have destroyed him over the same period. So the unanswered critical question remains: when did he dive into gold and shorts?


There are many reasons, which other answers have already discussed. I want to emphasize and elaborate on just one of the reasons, which is that it avoids double taxation, especially on corporate earnings.  Generally, for corporations, its earnings are already taxed at around 40% (for the US - including State income taxes). When dividends are distributed out, it is taxed again at the individual level. The effect is the same when equity is sold and the distribution is captured as a capital gain. (I believe this is why the dividend and capital gain rates are the same in the US.) For a simplistic example, say there is a C Corporation with a single owner. The company earns $1,000,000 before income taxes. It pays 400,000 in taxes, and has retained earnings of $600,000. To get the money out, the owner can either distribute a dividend to herself, or sell her stake to another person. Either choice leads to $600,000 getting taxed at another 20%~30% or so at the individual level (depending on the State). If we calculate the effective rate, it is above 50%! Many people invest in stock, including mutual funds, and the dividends and capital gains are taxed at lower rates. Individual tax returns that contain no wage income often have very low average tax rates for this reason. However, the investments themselves are continuously paying out their own taxes, or accruing taxes in the form of future tax liability.


Unfortunately, that's a call only you can make and whichever route you choose comes with advantages and disadvantages.  If you manage your money directly, you may significantly reduce costs (assuming that you don't frequently trade index funds or you use a brokerage like RobinHood) and take advantage of market returns if the indexes perform well.  On the other hand, if the market experiences some bad years, a professional might (and this is a huge might) have more self-discipline and prevent a panic sell, or know how to allocate accordingly both before and after a rise or fall (keep in mind, investors often get too greedy for their own good, like they tend to panic at the wrong time).  As an example of why this might is important: one family member of mine trusted a professional to do this and they failed; they bought in a rising market and sold in a falling market. To avoid the above example, if you do go with the professional service, the best course of action is to look at their track record; if they're new, you might be better on your own.  Since I assume this one or more professionals at the company, testing to see what they've recommended over the years might help you evaluate if they're offering you a good choice. Finally, depending on how much money you have, you could always do what Scott Adams did: he took a portion of his own money and managed it himself and tested how well he did vs. how well his professional team did (if I recall, I believe he came out ahead of his professional team).  With two decades left, that may help guide you the rest of the way, even through retirement.


I would recommend looking at The Motley Fool.


In my opinion, Americans are so tired of depressing news that they just tuned it out. For the last 3 years we have been hearing about the next depression and people acted accordingly.   This year, it seems like people just stopped giving a shit - hence the best Black Friday ever.


Generally, it is considered a bad idea to put significant parts of your money in your own employer's stock, no matter how great the company looks right now. The reason is the old 'don't put all your eggs in one basket'. If there is ever a serious issue with your company, and you lose your job because they go down the drain, you don't only lose your job, but also your savings (and potentially 401k if you have their stock there too). So you end unemployed and without all your savings. Of course, this is a generic tip, and depending on the situation, it might be ok to ignore it, that's your decision. Just remember to have an eye on it, so you can get out while they are still floating - typically employees are not the first to know when it goes downhill, and when you see it in the papers, it's too late. Typically, you get a more secure and independent return-on-invest by buying into a well-managed mixed portfolio


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"Until we have full automation for needs: my point stands.   The government is currently run by people, they should also get as well as corporate governances. It's a problem when the CEO of GM or AIG can pull down millions a year while putting the entire economy in the dumps.  All while the president makes $400K.  You get strange candidates as the norm.  Nobody has defined ""basic needs"".  Even when it comes to ""basic medical coverage"".  Is there a dollar cap? A service cap?    It is very hard to draw a line in between unlimited and anything else.  Service X is covered, but Service Y is not. Why: Cost? Efficacy? Above Basic?"


No, there is no significant harm to discussing this. Outside of possibly getting bad advice, excessive advice, or complaints that others just aren't interested...


"You should be handling it in another way. You cannot, strictly speaking, have AR entry if you didn't issue an invoice. You should record it as a current income. Unless you're on accrual basis (in which case you could either create a ""dummy"" invoice or not accrue this income), AR has no real meaning to you.  AR means that you billed someone and you have the right to the money. With Amazon affiliate program you do not have the right to the money until they decide you do, and once they do decide that - they just pay you."


83(b) election requires you to pay the current taxes on the discount value. If the discount value is 0 - the taxes are also 0. Question arises - why would someone pay FMV for restricted stocks? That doesn't make sense. I would argue, as a devil's advocate, that the FMV is not really fair market value, since the restriction must have reduced the price you were willing to pay for the stocks. Otherwise why would you buy the stocks at full price - with strings attached that could easily cost you the whole amount you paid?


This article is better: http://www.washingtonpost.com/news/act-four/wp/2014/08/05/the-fight-over-sherlock-holmes-and-how-copyright-changes-pop-culture/  Especially the following paragraphs & points:  >>The long-running “House,” whose painkiller-addicted main character owes a heavy debt to the famous sleuth and his cocaine dependency, focused on the relationship between brilliance and substance abuse. Robert Downey Jr.’s turn as Holmes in Guy Ritchie’s films gave the detective a more active relish for the London underworld, with the addition of a talent for bareknuckle boxing. And “Sherlock,” a co-production of the BBC and Boston’s WGBH public television station, explores the intimacy of friendship between men with a tenderness and emotional intelligence that is rare in popular culture.  >>**All of this variation is possible because the copyright on Conan Doyle’s stories has lapsed.** We have a rather less encouraging creative example of what happens before works come out of copyright in the current superhero movie landscape: If you have ever wondered why Spider-Man movies keep arriving in theaters on a regular basis, you can look no further than copyright and licensing. Sony, rather than Marvel Studios, owns the rights to the webslinger. But to hold onto those rights, Sony has to keep using them. Otherwise, Spidey reverts back to his parent entertainment conglomerate, as was the case with Daredevil, who returned to Marvel after a stint at Twentieth Century Fox. The company cannot just wait until the public has forgotten Tobey Maguire’s stint in the red-and-blue suit and is hungry for a riff on the character from someone new.


You're absolutely correct. If you have maxed out your retirement investment vehicles and have some additional investments in a regular taxable account, you can certainly use that as an emergency source of funds without much downside. (You can borrow from many retirement account but there are downsides.) Sure, you risk selling at a loss when/if you need the money, but I'd rather take the risk and take advantage of the investment growth that I would miss if I kept my emergency fund in cash or money market. And you can choose how much risk you're willing to take on when you invest the money.


"If you have a president who thinks climate change is a fantasy, why should one waste time advising him on how to deal with it? And I know climate change has occurred throughout the time but not at this pace and is certainly to a large extend our fault.   And can you explain to me what an advisory council represents? It's not meant to be there to fight for your ""ideas"". It is there to advise the president on how to act according to their knowledge. Let's be honest. He doesn't listen to the advice of the members. He made up his mind a long time ago. Correct me if I am wrong."


Together the founders represent 100% of the outstanding stock, so they can do it however they like.


so if we rent it out we don't want to just charge what we're paying on our mortgage - we'd definitely be losing money if we did that. I think you're overlooking one thing: your profit/loss is not monthly. Your profit is the property that's left after the mortgage ends. Even if you have to add extra $100 every month because you rent lower than the mortgage + maintenance + taxes, after 30 years you're left with property worth ie.$200k while you've paid for it ie. 30 years * 12 months * $100 = $36k. You can rent it lower than your costs and still make a profit in the long run.


"If they go into ""high"" finance such as investment banking or hedge funds, definitely. But even some of the lower finance jobs (ie the bottom half of the Harvard students graduating with jobs in finance) have a reasonable shot at 200k/yr by age 30."


"Like I said, the heat index is just a ""how it feels"" calculation. I never said the heat index determines evaporation, just that the calculation for getting the heat index is based on humidity and temperature.  The dew point (based on temperature AND humidity) is what governs evaporation.  The dew point is the temperature at which water will evaporate given a specific relative humidity.  In other words, you can't calculate the dew point unless you know the humidity.  If your skin temp is lower than the dew point, water will condense on your skin.  It doesn't matter if other things are cooler than your skin. Water may condense on those items more quickly, but it will still condense on you."


"However this seems off because I would essentially be purposely   filling out a form incorrectly. Note that the only part of the W-4 form that is required to be filled out and given to the employer is the small certificate at the bottom that you tear off. In this part, it only asks you for ""Total number of allowances you are claiming"". You don't have to fill out any of the worksheets in the other parts of the form, which actually ask for specific information. Since there are different allowed ways of computing the ""Total number of allowances you are claiming"", I doubt that any number you put there can be said to be ""incorrect"". I think that the best to use the IRS Withholding Calculator. If you use it, the calculator will probably tell you to claim a few more exemptions. And you don't have to feel bad about ""filling the form incorrectly"" if you follow the IRS calculator."


That's the thing, most of the '60s generation wasn't part of the protest movements, well outside perhaps the anti-war stuff.  There was a very vocal minority that was into revolutionary politics, most people always are conservative and part of society and cling to it.


Generally speaking the bank accounts and credit card accounts remain open.  Banks and the credit card companies don't monitor public records on a daily basis.  Instead, whoever is handling your estate will need to obtain copies of your death certificate and they will then search your paper records to identify all accounts (reason to get your act together - there are books on the subject).  The executor will work with the banks and card companies to make sure all your charges and payments clear (common to have them open for months or even a year) and to make close or transfer autopays.  They will make sure to notify the credit agencies to flag your accounts so no new accounts can be created.  MANY copies of the death certicates are needed.


"Below I will try to explain two most common Binomial Option Pricing Models (BOPM) used. First of all, BOPM splits time to expiry into N equal sub-periods and assumes that in each period the underlying security price may rise or fall by a known proportion, so the value of an option in any sub-period is a function of its possible values in the following sub period. Therefore the current value of an option is found by working backwards from expiry date through sub-periods to current time. There is not enough information in the question from your textbook so we may assume that what you are asked to do is to find a value of a call option using just a Single Period BOPM. Here are two ways of doing this: First of all let's summarize your information: Current Share Price (Vs) = $70 Strike or exercise price (X) = $60 Risk-free rate (r) = 5.5% or 0.055 Time to maturity (t) = 12 months Downward movement in share price for the period (d) = $65 / $70 = 0.928571429 Upward movement in share price for the period (u) = 1/d = 1/0.928571429 = 1.076923077 ""u"" can be translated to $ multiplying by Vs => 1.076923077 * $70 = $75.38 which is the maximum probable share price in 12 months time. If you need more clarification here - the minimum and maximum future share prices are calculated from stocks past volatility which is a measure of risk. But because your textbook question does not seem to be asking this - you probably don't have to bother too much about it yet. Intrinsic Value: Just in case someone reading this is unclear - the Value of an option on maturity is the difference between the exercise (strike) price and the value of a share at the time of the option maturity. This is also called an intrinsic value.  Note that American Option can be exercised prior to it's maturity in this case the intrinsic value it simply the diference between strike price and the underlying share price at the time of an exercise. But the Value of an option at period 0 (also called option price) is a price you would normally pay in order to buy it. So, say, with a strike of $60 and Share Price of $70 the intrinsic value is $10, whereas if Share Price was $50 the intrinsic value would be $0. The option price or the value of a call option in both cases would be fixed.  So we also need to find intrinsic option values when price falls to the lowest probable and rises to the maximum probable (Vcd and Vcu respectively) (Vcd) = $65-$60 = $5 (remember if Strike was $70 then Vcd would be $0 because nobody would exercise an option that is out of the money) (Vcu) = $75.38-$60 = $15.38 1. Setting up a hedge ratio:  h = Vs*(u-d)/(Vcu-Vcd) h = 70*(1.076923077-0.928571429)/(15.38-5) = 1 That means we have to write (sell) 1 option for each share purchased in order to hedge the risks. You can make a simple calculation to check this, but I'm not going to go into too much detail here as the equestion is not about hedging. Because this position is risk-free in equilibrium it should pay a risk-free rate (5.5%). Then, the formula to price an option (Vc) using the hedging approach is: (Vs-hVc)(e^(rt))=(Vsu-hVcu) Where (Vc) is the value of the call option, (h) is the hedge ratio, (Vs) - Current Share Price, (Vsu) - highest probable share price, (r) - risk-free rate, (t) - time in years, (Vcu) - value of a call option on maturity at the highest probable share price. Therefore solving for (Vc): (70-1*Vc)(e^(0.055*(12/12))) = (75.38-1*15.38) => (70-Vc)*1.056540615 = 60 => 70-Vc = 60/1.056540615 => Vc = 70 - (60/1.056540615)  Which is similar to the formula given in your textbook, so I must assume that using 1+r would be simply a very close approximation of the formula above. Then it is easy to find that Vc = 13.2108911402 ~ $13.21 2. Risk-neutral valuation: Another way to calculate (Vc) is using a risk-neutral approach. We first introduce a variable (p) which is a risk-neutral probability of an increase in share price. p = (e^(r*t)-d)/(u-d) so in your case: p = (1.056540615-0.928571429)/(1.076923077-0.928571429) = 0.862607107 Therefore using (p) the (Vc) would be equal: Vc = [pVcu+(1-p)Vcd]/(e^(rt)) => Vc = [(0.862607107*15.38)+(0.137392893*5)]/1.056540615 => Vc = 13.2071229185 ~ $13.21 As you can see it is very close to the hedging approach. I hope this answers your questions. Also bear in mind that there is much more to the option pricing than this. The most important topics to cover are: Multi-period BOPM Accounting for Dividends Black-Scholes-Merton Option Pricing Model"


As Chris pointed out: If your expenses are covered by the income exactly, as you have said to assume, then you are basically starting with a $40K asset (your starting equity), and ending with a $200K asset (a paid for home, at the same value since you have said to ignore any appreciation). So, to determine what you have earned on the $40K you leveraged 5x, wouldn't it be a matter of computing a CAGR that gets you from $40K to $200K in 30 years? The result would be a nominal return, not a real return. So, if I set up the problem correctly, it should be: $40,000 * (1 + Return)^30 = $200,000 Then solve for Return. It works out to be about 5.51% or so.


What you just said doesn't make any sense. The prices of goods and services are set to suit our income levels. We make a choice about how we spend our income.   I don't think a road sweeper should be expected to pay 5 times more land value tax, just because the area they live is now a favourite with wealthy people, with golf courses and wine bars they can't afford to use and outrageous house prices. Land Value tax would just exacerbate the problems of real estate bubbles.


On the revenue only. This amount of 10$ will be considered as interest and fully taxable. It will not be a capital gain. But why would you decide to declare it as an income? 100$ is insignificant. If you lend small amount to friends it cannot be considered a lending business.


"Just like foreclosing is less than optimal for the banks, a tax sale has drawbacks for the county.  At a minimum, there the manpower needed to process the foreclosure and sale, and in many cases the value for which the property can be sold is probably less than the taxes due.  The problem is this flies in the face of the ""personal responsibility"" talking point that many bankers have been spreading since the beginning of the financial crisis.  It's a moral failing for a homeowner to walk away from an upside-down mortgage, but when the bank does the same thing for a tax bill it's a simple business decision."


I asked this exact same question in class one day. I believe the solution was the board of governors would be the ones still in control. Might be more to it than just that.   People laughed at me when i asked this question! F them! Its a good question!


"Fair enough. FB extends out quite a bit from its core as billing software, but I don't know if it'd do the kind of inventory management you want. SAP, on the other hand, is as pricey as it is because it's *powerful* and ""enterprise ready"" ... probably way more than you need (or enough rope to hang yourself with, as they say). I wonder if the best solution might be to hire a competent contractor to fix / upgrade whatever your current system is lacking.   I still recommend taking FreshBooks for a test run; it might just do the trick for you. Care to elaborate on why you're looking to replace the 10-year-old custom solution you've got?"


"Ever seen a very low price on near-rotten apples or tomatoes?   Think the world hates tomatoes or apples ""from Solar energy""?     Durrp!  If you can figure out *which* industry hates electricity ... I'd like to short their stock.   It would seem electricity is *not* tainted by its source.   Just stupid politicians.  The *only* cost that generates negative prices is the cost to the distribution system (the grid) that needs to drain its extra capacity.  There's no cost from the marketplace for electricity.  That's just stupid."


"No, this is not true. All of these banks are subject to audits by one of the four largest accounting firms in the country. These firms are worth billions of dollars. They would not risk their reputation opining on the validity of financial statements of companies that are ""allowed to keep two sets of books."""


"There are a few different ways you can look at this.  You can't really take money out of the economy, as it can't ""leave society"" and the economy is the interaction of society. One example kind of close to this was a multi-millionaire died without an heir with millions in his bank account. The bank will continue to use the funds, but the money itself won't be spent. Some people saw this as a ""waste"", like value was lost, but really all it does (hoarding money or even burning it) is change the money supply.  That being said there are two approaches to looking at capitalism as a *balanced* ecosystem. One is Keynesianism, which focuses on demand. The other is Marxism, which focuses on more internal mechanisms of capitalism. Both are concerned with inequality.  With high inequality, those with capital tend to have more reinvestment as a percentage of income/wealth. With a return on investment this will increase inequality. The Keynesian issue is that this will lower demand, creating imbalance in the economy and long-term problems to function. The answer was more redistribution and higher labor wages.  For Marxists, they believe that capitalism generates endless ""capital accumulation"", not because of a demand component, but because of labor theory of value. That wealth and value is not determined by the market, but at exploitation of labor. On this critical side you have critiques of the fetishism of market value. With high inequality you have money ""leaving the system"" in what some call waste--something not socially useful. Baran and Sweezy in ""Monopoly Capital"" talk about this in the form of things like military spending, and, I think, advertisement. But it can also relate to the generation of ""wealth"" (opposed to income). Things that don't hold inherent value, like art, becomes investment. You can't say it is ""taken out of "" the economy, but the value itself is generated by those who can purchase it. Though, I believe this value fetishism is more an outcome of the contradictions, rather than the cause.  What it does contribute to contradictions, however, is the rise of speculation. Rather than consumption or productive investment, accumulation will increasingly become speculative. Real estate is usually the primary example. Many people buy houses, condos, or land, not for use, but for the expectation that the value will go up. When bad enough this can reshape the market, so for people who aren't investing their rent/living cost increases.   This likewise happens with stocks and other financial investments. Again, it can't really ""leave the economy"", but it makes it more difficult for the ""traditional"" or productive and labor economy to operate."


Your source doesn't support your point.  I don't have a problem paying taxes for services we all use - you do. Charging fees for police & courts is a libertarian notion.  As sourced in my previous post, no current tax rates need to be changed to pay for UH. We just need to remove corporate subsides. As a whole, America would save about 10% of GDP yearly by converting to a UH in this fashion.   If you can't honestly debate the sources or ideas I've put out and insist on circling back around to these ideological positions regardless of how often they get blown up - then I think we've made all the progress we're going to.


Shorting is the term used when someone borrows a stock and sells it at the current price to then buy it back later at hopefully a lower price. There are rules about this as noted in the link that begins this answer as there are risks to selling a stock you don't own of course. If you look up various large companies you may find that there are millions of shares sold short throughout the market as someone does have the shares and they will need to be put back eventually.


Wow, that's interesting. So it's not just the debt load or the demands of the equity, the place isn't cash flow positive on an operating basis.  I have been there and while it is gorgeous, it is far away from the main strip.  You have to make a trip out of the way to get there. And the layout is a bit daunting and hard to follow. The casino just felt empty in certain parts and was easy to get lost in.


11 - You'll quickly find out that most people are also sort of winging it.  No one is an expert in everything.  Even medium to large sized businesses are doing some things poorly.  Or even completely idiotically.  Yet they've still succeeded.  Perfection in all things is not at all required.  12 - Everyone fails at some point and that is okay.  Most people never talk about the stuff that goes wrong because it projects an image that people find unfavorable.  They only talk about the successes because that's the positive aspects of it.


> Feel free to take that argument up with biochemistry.  You're misinterpreting me - I believe nobody should be forced to eat paper or wood in order to live. Especially given the level of technology available in the Transmet universe.  > Disregarding potential negative side effects, how on earth would it be a bad thing?  Ask biomodification luddites, not me :P I think it's a great thing.


"Your dec ision is actually rather more complex than it first appears. The problem is that the limits on what you can pay into the HTB ISA might make it less attractive - it will all depend. Currently, you can put £15k/year into a normal ISA (Either Cash, or Stocks and Share or a combination). The HTB ISA only allows £200/month = £2,400/year. Since you can only pay into one Cash ISA in any one year you are going to lose out on the other £12,600 that you could save and grow tax free. Having said that, the 25% contribution by the govt. is extremely attractive and probably outweighs any tax saving. It is not so clear whether you can contribute to a HTB ISA (cash) and put the rest of your allowance into a Stocks and Shares ISA - if you can, you should seriously consider doing so. Yes this exposes you to a riskier investment (shares can go down as well as up etc.) but the benefits can be significant (and the gains are tax free). As said above, the rules are that money you have paid into an ISA in earlier years is separate - you can't pay any more into the ""old"" one whilst paying into a ""new"" one but you don't have to do anything with the ""old"" ISA. But you might WANT to do something since institutions are amazingly mean (underhand) in their treatment of customers. You may well find that the interest rate you get on your ""old"" ISA becomes less competitive over time. You should (Must) check every year what rate you are getting and whether you can get a better rate in a different ISA - if there is a better rate ISA and if it allows transfers IN, you should arrange to make the trasnfer - you ABSOLUTELY MUST TRANSFER between ISAs - never even think of taking the money out and then trying to pay it in to another ISA, it must be transferred directly between ISAs. So overall, yes, stop paying into the ""old"" ISA, open a new HTB ISA next year and if you can pay in the maximum do so. But if you can afford to save more, you might be able to open a Stocks and Shares ISA as well and pay into that too (max £15k into the pair in one year). And then do not ""forget"" about the ""old"" ISA(s) you will probably need to move all the money you have in the ""old"" one(s) regualrly into new ISAs to obtain a sensible rate. You might do well to read up on all this a lot more - I strongly recommend the site http://www.moneysavingexpert.com/ which gives a lot of helpful advice about everything to do with money (no I don't have any association with them)."


Moronic question I'm sure.   Listening to the Bloomberg Surveillance podcast and they mentioned that the vast majority of financial transactions in China and even North Korea are denominated in US dollars. They go on to say that this means they HAVE to go through US banks giving the US tremendous leverage.   Can someone explain this whole idea to me.  1. Why do transactions done in US dollars have to go through US banks?  2. Does that leverage the US has just come from our ability to prevent transactions from occurring if they are run through our banks?


"My simple rule to avoid impulse buys is that if you see something you want, you can get it.... but not today; go back and get it tomorrow (or wait even longer, for big-ticket items). This way you'll have time to think about it rather than just doing it. That won't address all your wasteful spending, but it's a good way to avoid ""why did I think this would be a good idea?"" type situations."


Property taxes are levied by the local authorities to pay for their services. Since the services are continuous - so are the charges. You need someone to pave a road to your house, to build infrastructure, to maintain the police force, fire department, local schools etc. That's what your property taxes are going to. However, at times the property taxes become more than what the owners have actually paid for the house. Think of a house bought in the midst of a recession at a bargain price of $20K, but at the top of the market bubble costs $2M. The poor guy who bought it for $20K should pay as if he had ever had $2M?   It can certainly be the case that the property taxes change drastically over the years and sometimes people have to give up their property because they cannot afford the taxes. That is exactly the thought that had led Californians to amend the Constitution in Prop 13.


Also keep in mind that most REITs have high dividend yields. If you short, you are responsible for payment of the dividend to the party you are borrowing the shares from. This can add costs to your position over time. Short REITS for a long time period is not necessarily an optimal strategy.


TWRR = (2012Q4 x 2013Q1 x 2013Q2) ^ (1/3) = ?? (1.1 * .809 * 1.29) ^ (1/3) = 1.047 or 4.7% return. No imaginary numbers needed.  But. Your second line there is wrong $15,750 - $15,000 - $4,000 ? The $15K already contains the $4k, why did you subtract it again?  This a homework problem?


"I heard the prices lowered didn't seem to make much of a difference (yet?). Also, I wonder if he shopped there.   It seems like he wrote (terribly) as someone that never set foot into one of their stores. For me, Whole Foods is a ""high-end store"", and you can find deals and interesting things there. For some of the common staples, if you are getting things like milk and eggs, the prices I found weren't that bad at all, at least compared to Safeway."