I would like to bring up some slightly different points than the ones raised in the excellent answers from JoeTaxpayer and littleadv.  The estate can be the beneficiary of an IRA -- indeed, as has been pointed out, this is the default beneficiary if the owner does not specify a beneficiary -- but a testamentary trust cannot be the designated  beneficiary of an IRA. A testamentary trust that meets the requirements laid out on page 36 of Publication 590 is essentially a pass-through  entity that takes distributions from the IRA and passes them on to the beneficiaries.   For the case being considered here of minor beneficiaries, the distributions from the  IRA that pass through  the trust must be sent to the legal guardians (or other custodians) of the minors' UTMA accounts, and said guardians must invest these sums for the benefit of the minors and hand the monies over when the minors reach adulthood. Minors are not responsible for their support, and so these monies cannot be used by the legal guardian for oaying the minors' living expenses except as provided for in the UTMA regulations. When the minors become adults, they get all the accumulated value on their UTMA accounts, and can start taking  the RMDs personally after that, and blowing them on motorcycles if they wish.  Thus, the advantage of the testamentary trust is essentially that it lets the trustee of the trust to decide how much money (over and above the RMD) gets distributed each year.  The minors and soon-to-be young adults cannot take the entire IRA in a lump sum etc but must abide by the testamentary trustee's ideas of whether extra money (over and above the RMD) should be taken out  in any given year. How much discretion is allowed to the trustee is also something to be thought through carefully. But at least the RMD must be taken from the IRA and distributed to the minors' UTMA accounts (or to the persons as they reach adulthood) each year.  Regardless of whether the Traditional IRA goes to beneficiaries  directly or through a testamentary trust, its value (as of the date of death) is still included in the estate, and estate tax  might be due. However, beneficiaries can deduct the portion of estate tax paid by the estate from the income tax that they have to pay on the IRA withdrawals. Estate planning is very tricky business, and even lawyers very competent in estate and trust issues fall far short in their understanding of tax law, especially income tax law.


There's a difference between physical currency and money (For example a bank may only hold only a small percentage of total deposits as cash that it's customers can withdraw).   I'm not sure which you're referring to, but either way you should read  about inflation.


For a real estate transaction there are multiple stages: From the sellers viewpoint: From the buyers viewpoint: If both parties are comfortable skipping some of the steps the role of the agent can be minimized. How will a fair price be determined? Some realism might be needed, to make sure that the loan appraisal will not be a problem. Will an inspection still be needed? What warranty will exist if the A/C dies this summer?  If you still want help from an agent one should be able to help for far less than the normal commission. The seller normally interviews three agents before selecting one, do the same in this situation. Ask how much they would charge for a sale between friends. They can complete their task in just a couple of hours. If the home inspection comes back relatively clean, the transaction should be very easy. The paperwork is the biggest hurdle. You should jointly identify a local settlement company. They will be the ones actually filing the paperwork. They have lawyers. They will check the county records office for existing liens, plats, mortgages and address all the issues. They can send the proper paperwork to the existing mortgage companies and arrange for mortgage insurance. The cost will be the same regardless of the presence of real estate agents and other lawyers.  When they say a lawyer is required, it is only because of the paperwork.


About damn time. People need to learn that WE can make a business sink or swim period. Big business in this World has ZERO power. They have just forced people to think they do. If we wanted to shut down Wal-mart and people banded together guess what WalMart peace out. We need to start doing this more often. Put these greedy fools in their place.


">Opportunities are not equal  But the OP and most of the ""it's all about luck"" folks here *are* saying opportunities are equal - if it's only about luck, then *anyone* can find that lucky penny.   Remember - that's the assertion here - that there are tons of people who could be billionaires; the ones who are only got there because *they* were the ones that someone whispered ""plastics"" to at a party.   Total egalitarianism; no meritocracy or plutocracy whatsoever. It's all about the spin of the wheel, man. Anyone can win the lottery."


Maybe. Or maybe carbon capture and storage becomes a bigger deal and oil and gas production continues. Or maybe electric cars take too long to take off and oil and gas remains relevant for the next 50 years. Or maybe any other thing  Just because something should happen does not necessarily mean that it will. You are attempting to predict the future. I happen to agree with your viewpoint for the most part, but that does not mean it is for certain.


> Higher standards are, and will expand, if there is consumer interest in them doing so.  I'm not exactly sure what you're saying here, but I feel like this statement completely ignores the effect the labor movement has had on working conditions.


"If you want the answer from the horse's mouth, go to the website of the ETF or mutual find, and the expense ratio will be listed there, both on the ""Important Information"" part of the front page, as well as in the .pdf file that you click on to download the Prospectus.  Oh wait, you don't want to go the fund's website at all, just to a query site where you type in something like VFINX. hit SEARCH, and out pops the expense ratio for the Vanguard S&P 500 Index Fund? Well, have you considered MorningStar?"


Regarding doing this with your HOA: the cost could be very high. In my community the annual dues is less than $100 a year. When people don't pay they are aggressive. There is a late fee after 30 days, then a higher penalty at 60 days. That 2nd notice comes from a lawyer. The community charges the homeowner the lawer's fee. After another 30 days they file a lien. With those costs a small bill has ballooned to over $1,000. Property tax has two other issues. The government can sell your house. The lender can foreclose. Neither is good.


Post-86 After tax contributions to a 401k are after tax.   The earnings on that money is taxable, but not the contributions. This means: You'll have $15,000 in the 401k and $10,000 is considered after-tax and $5,000 is considered pre-tax. The after-tax portion can be converted to a Roth IRA without paying taxes or penalties. New in September 2014 The IRS has made substantial changes that now enable this to happen.   You can request a distribution from your 401k provider where they divide the money into pre-tax and after-tax funds.  In my example, you'd get a check for $10,000 that you could send to a Roth IRA and a check for $5,000 you could add to a traditional Roll-over IRA. Neither of those would be taxable events and you'd end with a Roth IRA with $10K and a Traditional, Rollover IRA with $5K in it. Notes:


I think you're a little out of touch with reality if you think being poor today is as simple as buying groceries instead of eating out or renting a room for the completely arbitrary sums you came up with in your example.   And I'm not trying to stand on a soapbox and preach how I came from nothing like you and here I am today. I do just fine. Have never wanted for anything growing up, was never hungry, always had presents. Now I'm 32 and I drive a forklift for Fed ex, I make about 45 grand a year in the Midwest with no degree, which is pretty decent.  But no, you're wrong to think that everyone can just plan their lives and live below their means and then suddenly they'll all be doing much better. You're probably also of the opinion having a smart phone and internet access is the first thing a poor person should cut off to save money.


Should I convert the 401K of my old company to Traditional IRA and start investing in that instead of investing in the new employer 401K plan with high fees? Regarding the 401K funds from  the previous employer, you can: Future investments: Roll overs don't have limits, but new investments do.


Did you read the second paragraph?  **The program was designed to loot the defeated Germany's intellectual assets and impede its ability to compete in the postwar political and economic spheres while giving a boost to the nations conducting it. Though unacknowledged at the time, the T-Force mission also included preventing advanced Nazi technology from falling into the hands of the Soviet Union—destroying whatever could not be seized and hauled away before Soviet troops arrived. As such, T-Force activities can be seen as the beginning of the Cold War. Operations in Germany were often heavy-handed, and sometimes amounted to kidnapping. Publicly available information on the unit's activities remains scarce.**


"This is the best tl;dr I could make, [original](https://www.heartland.org/news-opinion/news/dc-economics-experts-too-much-dc--not-enough-economics?E) reduced by 90%. (I'm a bot) ***** > California has spent the last several decades taxing just about every business in their state - out of their state.  > Rather than lobby those awful states for better tax policy - The Retailers lobbied DC for worse.  > &quot;Republicans should abandon the so-called border-adjustable tax. A border tax is a poison pill for the tax plan: It divides the very business groups that the party needs to rally behind tax reform. Retailers like Walmart will never go along.""   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6goal1/dc_economics_experts_too_much_dc_not_enough/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~141896 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **tax**^#1 **state**^#2 **business**^#3 **Rather**^#4 **reform**^#5"


"They often think all it takes to be successful in business, is to be excellent at what you do. Nothing could be further from the truth. You need to know a lot about business, to stay in business!  Often, people confuse being an entrepreneur with ""buying a very expensive job"". The two are not the same."


"As of right now it looks like you can't issue an ETF at least because the underlying ""commodity"" isn't regulated. (See Winkelvoss ETF). I suspect you would run into this problem with any 1940 act fund (mutual fund), but it's more a situation of ""not approved"" rather than illegal, so an MLP hedge fund structure would probably be fine.  And some googling finds Iterative Instinct Management's Storj SPV."


Most of the time when a stock splits to create more shares, it is done to bring the price per share down to a level that makes potential investors more comfortable. There are psychological reasons why some companies keep the price in the $30 to $60 range. Others like to have the price keep rising into the hundreds or thousands a share.  The split doesn't help current investors, with the possible exception that the news spurs interest in the stock which leads to a short term rise in prices; but it also doesn't hurt current investors. When a reverse stock split is done, the purpose is for one of several reasons:


And that's EXACTLY the reason why Robots will have conflict of interest, or actually will be against the small investor and for the big banker.  I can EASILY program anything to do things against humanity and against rules or laws.  Who are you going to sue? The robot? The programmer? The company that made the robot?  How are you going to test that the robot is acting as you wish it to act?


You can dial the phone systems of the credit reporting agencies directly to put a freeze on your credit report account. The phone systems require quick responses or the systems will fail you out, but **this work is relatively quick** and probably easier than trying to do this on the websites that try to re-direct you to buying credit monitoring services. Here are the phone entries you will make as a guide for the phone menu of each of the credit reporting agencies:  **Transunion** 888-909-8872:      enter zip code     press 3 to add freeze     enter social security number     enter date-of-birth as 8 digits MMDDYYYY     enter house number from street address then # key     choose a 6 digit security code     credit card number for $10 charge     4 digit expiration date of credit card MMYY  **Equifax** 800-685-1111:      press 3 to select freezes     press 1 to continue     say your state then 1 to confirm     enter social security number then 1 to confirm     enter house number from street address then # key, then 1 to confirm     press 1 to select a freeze     there will be a long pause at this point but when the bot comes back it goes very fast.          Write down the 10-digit pin provided XXXXXXXXXX then later,          Write down the 10-digit confirmation number provided XXXXXXXXX.          Press * to repeat both until you have it correct  **Experian** 888 397 3742      press 2 for freeze     press 2 for freeze     press 1 for add freeze     press 2 for no fraud report     enter social security number then # key then 1 to confirm     enter date-of-birth as 8 digits MMDDYYYY then 1 to confirm     enter zip code then # key     enter house number from street address then # key     press 2 for not blind     press 1 to pay by credit card     wait through list of charges by state     select credit card type 1 for mastercard, 2 for visa, 3 for american express, 4 for discover     enter credit card #, then 1 to confirm     4 digit expiration date of credit card then # key MMYY#  Cross-posted this from the megathread in r/personalfinance.


"Another factor you may want to consider is insurance, if your wife is at their house as a friend who happens to be teaching the kid to play and the kid falls off their chair and hurts them self that is rather different to your wife being brought in to the house as a contractor and an injury occurring during an activity that she was supervising. I am in a similar situation and I have a $5 million public liability policy, which costs about $300 per year. So if her income is likely to be less than that she may be better off ""helping a friend learn"" rather than ""providing tutoring services"". There may also be legal requirements, I am required to apply for government checks every few years in order to operate a business that involves working with children."


Right, but the point is that some professions, such as attorneys, can be paid hourly yet still not be eligible for overtime. I was responding to the blanket response that insinuated all hourly employees who are skilled are eligible for overtime - this is not always true.   And you are incorrect as to agreeing to being exempt on a contractual basis. If a non-skilled worker goes to an employer and agreed to work as an exempt dishwasher at $7.50 an hour, the employer will have trouble with FLSA whether or not it was agreed. To say otherwise would be counterintuitive to the purpose of the labor protections and would just be an unconscionable loophole to necessary worker protection laws.


I agree with the Dave Ramsey method as well. If you don't have $1k in the bank already, do that.  Total up the smaller debts and the best buy card.  if they are $4k all together, then pay them off.  Don't get caught up in keeping the smaller one around because they are at zero percent.  If they exceed $4k, then payoff the interest bomb best buy card, then pay off the smaller ones, starting with the smaller balance.  That is the only tweak I will make here.  Dropping any amount into the Citi balance is pointless because it only reduces the amount, not the total number of hands reaching into your bank account.


Most people are aware of the benefits of seeing a chiropractor for chronic back pain. However, chiropractic care can treat much more than that. A skilled Newburgh, NY chiropractor like Dr. Richard A. Huntoon can help patients suffering from plantar fasciitis, carpal tunnel syndrome, headaches, and several other pain-related conditions.


While the user who posted this is clearly nonpartisan based on his username, I think it's probably valuable to provide some context.   Stocks are down 0.5% today. They are returning back down from an all time high for Amazon in July.  Trumps tweets haven't had any power on stock price in months.


"This is the best tl;dr I could make, [original](http://wvtf.org/post/first-time-history-solar-jobs-outnumber-coal-jobs-virginia#stream/0) reduced by 69%. (I'm a bot) ***** > Virginia now has more jobs in the solar industry than the coal industry.  > &quot;Coal will produce more jobs I think in the long term. But we&#039;ve had to cut back because everyone feels like it&#039;s not worth it to use coal anymore. And I feel that there will be a time when we will have to turn back to coal to meet the demand.""  > Alexander Winn at the Solar Foundation says he&#039;s hopeful some of those jobs might move from coal to solar.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6hsj3r/for_first_time_in_history_solar_jobs_outnumber/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~146519 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **coal**^#1 **solar**^#2 **industry**^#3 **Virginia**^#4 **Energy**^#5"


Yes, absolutely.  The HSA, when used for medical expenses, allows you to essentially pay for your medical expenses tax free. Even if you don't have extra room in your budget, you can fund the HSA as you incur medical expenses, then withdraw money to pay the expenses, and you'll see an immediate tax benefit at tax time.  However, let's say that you have plenty of room in your budget and you don't have a lot of medical expenses. You already contribute the maximum to your 401(k) or IRA, and you want to do more. The HSA acts like a retirement account in this case, allowing you to contribute before-tax money and let it grow untaxed.  The HSA does have a huge benefit that no other retirement account has. If you choose not to reimburse yourself for medical expenses, but you keep track of the unreimbursed expenses you incur, then you can reimburse yourself for these expenses at any point in the future completely tax free. Essentially, your contributions are treated like a traditional IRA, but your withdrawals are treated like a Roth IRA, and can be done at any age. If you don't acquire enough medical expenses, you can still withdraw whatever is left at age 65 and those withdrawals will be taxed like a traditional IRA.  The HSA provides for tax-free contributions and growth if used for medical expenses, and tax-deferred growth if withdrawn after age 65 without medical expenses.


"You can try writing on the back of the check, in the signature area, ""For deposit only to account xxxxxxxxx"", leaving room for the signature. This may or may not be legally binding, but it states your intnt and is in a form the bank will recognize."


Well, there are also cases where inflation actually helps you, individually, as a consumer. For example, if you have a mortgage or any other debt, debtors benefit from the value of a dollar today decreasing tomorrow.  In a very general sense, psychologically you want to avoid deflationary periods as well as it tends to seize up an economy (why would I spend a dollar today if it will be worth more tomorrow?).  Sure, the absolute value of a dollar decreases over time, but this is intentionally designed to diminish the value of hoarding cash today. Standard income should rise approximately with the rate of inflation, so from an absolute purchasing power standpoint you should remain approximately neutral.


If you already have the money, put the 20% down but here is another option: You can put whatever you want down...Let's say 10%. For the other 10%, take out a 2nd mortgage. This enables you to avoid PMI. The rate you will get on the second mortgage will be higher than the first but the combination of 2 mortgages may be less than 1 plus PMI. When you get to 20% equity you can refinance and consolidate to one lower rate mortgage without PMI.


If you are Netgear extender user you probably know what it feels when you not able to access mywifiext net. Reasons are many maybe you don’t have enough knowledge regarding that this address is not for opening a particular website or you are putting it wrong place. Whatever the reason you are facing issue is it right? To convert your problem into the solution we are today here with plenty of troubleshooting tips that going to be helpful in seeking your efforts. So, just go through these troubleshooting tips & make way for your wireless extender to get setup in some easy steps. Let’s get started now.


With SurePay, the recipient has to register in order to receive funds.  They will select where the money is deposited.  If you are both the sender and the receiver, I don't know if the system will get confused or not - If it will work at all though, you'll ultimately need to enter the information for the receiving account. The point of sure pay is to avoid the receiving party needing to give the sender their account information.  The banking system still gets the account information explicitly from both sides. EDIT:  This post also provides relevant and more detailed information: How does Wells Fargo use my phone number to find my Bank of America account?


The ante is at least 100k per job = 5bn, to start. Also needs uninterruptible power, gigantic airport, and political atmosphere acceptable to Jeff Bezos. The footprint of 50k job campus is city sized, so likely not within a city.


Sorry for this late reply.  I currently live in Iceland (I am a United Statesian). People here told me they thought checks were just something that were in movies. I was amazed by this. So here are some reasons that I see to being why it works still in the usa. 1. Social Security system. Most Euro, Nordic countries have their lives, bank accounts, ect tied to their 'Social Security' number and that number is not top secret like it is in the USA. In fact here in Iceland you throw your number around to anyone who wants it because they cant do anything with it but pay you money really. 2. Banks. In the USA there are millions, MILLIONS of small town banks. That means that doing direct deposits or transfers is much much harder to achieve. Example: Iceland has two banks. The most common way of loaning a friend money or paying for that hotel room if you forgot to bring cash or your card is to say 'Give me your SSN and I will transfer to you'. It takes about 30 seconds to do a funds transfer. In the USA you can't do that. They would think you are lying or not want to give they bank info or because of the fees from small town banks it would be pointless. Also a lot of these small banks will not accept direct deposit (I had a bank growing up that still does not) These are some of the main reasons that I think cause the flow of checks in the usa.


If you withdraw money from an RRSP, you are taxed on that money as ordinary income and will have to pay withholding taxes, and potentially more income tax when you file. Additionally, you lose that contribution amount. If you subsequently deposit the same gross amount into another RRSP at a different bank, that will lower your taxable income for the year and you'll subsequently be able to recover the withholding taxes, but you will have permanently lost the contribution room. For example, you have $100,000 in RRSP contribution room. You buy $1,000 in RRSPs from Bank A. This leaves you with $99,000 in RRSP contribution room. Next year, you withdraw that $1,000 and deposit it in Bank B in an RRSP account. Now, you have $98,000 in RRSP contribution room. Chances are good that Bank A withheld 15% for taxes, but when you file your tax return, you'll get that back. Your withdrawal and subsequent purchase of RRSPs in the tax year cancel out. Far better is to transfer the RRSP from Bank A to Bank B. That has no tax implications and would not affect your RRSP contribution limit. Not all banks are willing to do this, though.


"Like anything else, the price/value of gold is driven by supply and demand. Mining adds about 2% a year to the supply. Then the question is, will the demand in a given year rise by more or less than 2%. ON AVERAGE, the answer is ""more."" That may not be true in any given year, and was untrue for  whole DECADES of the 1980s and 1990s, when the price of gold fell steadily.  On the other hand, demand for gold has risen MUCH more than 2% a year in the 2000s, for reasons discussed by others. That is seen in the six-fold rise in price, from about $300 an ounce to $1800 an ounce over the past ten years."


Market share would be more important in this case. Microsoft sold their OS for pennies and turned a blind eye to piracy in China because all they cared about was market share. Now businesses/individuals are dependent on Microsoft software. By taking that initial loss, Microsoft has become a much stronger company in this market. TiVo should have done the same in making market share king.


What a shit idea lol. Like how about not spend so damn much on stupid shit America. How about creating a tax bracket on those that make the oodles of dough per year. Don't go after the working man's retirement savings as easy pickings for taxes. Wtf


"(Congrats on earning/saving $3K and not wanting to blow it all on immediate gratification!) I currently have it invested in sector mutual funds but with the rise and fall of the stock market, is this really the best way to prepare long-term? Long-term?  Yes! However... four years is not long term.  It is, in fact, borderline short term.  (When I was your age, that was incomprehensible too, but trust me: it's true.) The problem is that there's an inverse relationship between reward and risk: the higher the possible reward, the greater the risk that you'll lose a big chunk of it. I invest that middle-term money in a mix of junk high yield bond funds and ""high"" yield savings accounts at an online bank.  My preferences are HYG purchased at Fidelity (EDIT: because it's commission-free and I buy a few hundred dollars worth every month), and Ally Bank."


Part 2 = 12%  -5000/0.12 (1 - 1/(1.12^2 ) = -8450.26 Then subtract year 0s 5000 payment if you havent = -13450.26 and then compare to option 2 -2000/0.12 (1 - 1/(1.12^10) = -11300.46 and subtract 20000 -31300.46  As you can see both values are substantially smaller compared to a 4% discount rate.


Yes, one such provider is: https://www.fxcompared.com/ They allow you to compare a number of foreign currency providers, and take into account all of the fees and spreads, and give you a simple number which you can use to compare them - the amount of foreign currency you get for your domestic currency.


"Reminds me of the company ""Buy-and-Large"" from the movie Wall-E.  As I recall, it was a giant corporation that sold everything.  Oh and it also ran the government.  I think it may have also tucked the overweight citizens into bed at night."


"Banks have a financial, and regulational duty called ""Know your customer"", established to avoid a number of historical problems occurring again, such as money laundering, terrorism financing, fraud, etc. Thanks to the scale, and scope of the problem (millions of customers, billions of transactions a day), the way they're handling this usually involves fuzzy logics matching, looking for irregular patterns, problem escalation, and other warning signs. When exceeding some pre-set limit, these signal clues are then filtered, and passed on for human inspection. Needless to say, these algorithms are not perfect, although, thanks to financial pressure, they are improving. In order to understand why your trading account has been suspended, it's useful to look at the incentives: false positives -suspending your trade, and assuming you guilty until proven otherwise- could cost them merely your LTV (lifetime value of customer -how much your business brings in as profit); while false negatives -not catching you while engaging in activities listed above- might cost them multi-month investigations, penalties, and court.  Ultimately, this isn't against you. I've been with the bank for 15 years and the money in the accounts has been very slowly accumulated via direct-deposit paychecks over that time. From this I gather the most likely explanation, is that you've hit somekind of account threshold, that the average credit-happy customers usually do not exceed, which triggered a routine checkup. How do you deal with it? Practice puppetry! There is only one way to survive angry customers emotionally: you have to realize that they’re not angry at you; they’re angry at your business, and you just happen to be a convenient representative of that business. And since they’re treating you like a puppet, an iconic stand-in for the real business, you need to treat yourself as a puppet, too. Pretend you’re a puppeteer. The customer is yelling at the puppet. They’re not yelling at you. They’re angry with the puppet. Your job is to figure out, “gosh, what can I make the puppet say that will make this person a happy customer?”  In an investigation case, go with boredom: The puppet doesn't care, have no feelings, and is eternally patient. Figure out what are the most likely words that will have the matter ""mentally resolved"" from the investigator's point of view, tell them what they have to hear, and you'll have case closed in no time. Hope this helps."


Tesla has been pushing for mass market EV adoption since the beginning and they have clearly communicated their strategy as such.  Being a niche company in an ICE dominated automotive market is not a desirable position for Tesla. They want the market to move towards EVs as having even a small chunk of a market like that is worth a ton of revenue.


"The other two answers seem basically correct, but I wanted to add on thing:  While you can exercise an ""American style"" option at any time, it's almost never smart to do so before expiration.  In your example, when the underlying stock reaches $110, you can theoretically make $2/share by exercising your option (buying 100 shares @ $108/share) and immediately selling those 100 shares back to the market at $110/share.  This is all before commission. In more detail, you'll have these practical issues: You are going to have to pay commissions, which means you'll need a bigger spread to make this worthwhile.  You and those who have already answered have you finger on this part, but I include it for completeness. (Even at expiration, if the difference between the last close price and the strike price is pretty close, some ""in-the-money"" options will be allowed to expire unexercised when the holders can't cover the closing commission costs.) The market value of the option contract itself should also go up as the price of the underlying stock goes up.  Unless it's very close to expiration, the option contract should have some ""time value"" in its market price, so, if you want to close your position at this point, earlier then expiration, it will probably be better for you to sell the contract back to the market (for more money and only one commission) than to exercise and then close the stock position (for less money and two commissions). If you want to exercise and then flip the stock back as your exit strategy, you need to be aware of the settlement times.  You probably are not going to instantly have those 100 shares of stock credited to your account, so you may not be able to sell them right away, which could leave you subject to some risk of the price changing.  Alternatively, you could sell the stock short to lock in the price, but you'll have to be sure that your brokerage account is set up to allow that and understand how to do this."


Like 90% of them pride themselves in making slightly positive returns at times of turmoil. They never mention their returns on up years (8 our of every 10, at a minimum). At times like this when markets are booming they underperform and it's what have you done for me lately time. They'll slightly rebound next downturn, but still terrible investments because of the fees. Even when you take into account the diversification effect of their negative betas.


"So ""Operation Twist"" is actually a pretty simple concept. Here's the break down: The Fed sells short-term treasury bonds that it already holds on its books. Short-term treasury bonds refer to - bonds that mature in less than three years. Then: Uses that money to buy long term treasury bonds. Long-term treasury bonds refer to -  bonds that mature in six to 30 years The reason: The fed buys these longer-term treasuries to lower longer-term interest rates and encourage more borrowing and spending. Diving deeper into how it works: So the Fed can easily determine short-term rates by using the Federal funds rate this rate has a direct effect on the following: However this does not play a direct role in influencing the rate of long-term loans (what you might pay on a 30-year fixed mortgage). Instead, long-term rates are determined by investors who buy and sell bonds in the bond market, which changes daily. These bond yields fluctuate depending on the health of the economy and inflation. However, the Fed funds rate does play an indirect role in these rates. So now that we know a little more about what effects what rate, why does lower long-term rates in treasuries influence my 30yr fixed mortgage? Well when you are looking for a loan you are entering a market and competing against other people, by people I mean anyone looking for money (e.g: my grandmother, companies, or the US government). The bank that lends you money has to decide weather the deal you are offering them is better then another deal on the market. If the risk of lending to one person is the same as the risk of lending to another, the bank will make whichever loan yields the higher interest rate. The U.S. government is considered a very safe borrower, so much so that government bonds are considered almost “risk free”, but because of the lower risk the rate of return is lower. So now the bank has to factor in this risk and make its decision weather to lend you money, or the government. So, if the government were to go to the market and buy its own long-term bonds it is adding demand in the market causing the price of the bond to rise in effect lowering the interest rate (when price goes up, yield goes down). So when you go back and ask for a loan it has to re-evaluate and decide ""Is it worth giving this money to Joe McFreeBeer instead and collecting a higher yield?"" (After all, Joe McFreeBeer is a nice guy). Here's an example: Lets say the US has a rating of 10 out of 10 and its bonds pay a 2% yield. Now lets say for each lower mark in rating the bank will lend at a minimum of 1% higher and your rating is 8 of 10. So if you go to market, the lowest rate you can get will be 4%. Now lets say price rises on the US treasury and causes the rate to go down by 1%. In this scenario you will now be able to get a loan for 3% and someone with a rating of 7 of 10 would be able to get that 4% loan. Here's some more info and explinations: Why is the Government Buying Long-Term Bonds? What Is 'Operation Twist'? A Q&A on US Fed Program Federal Reserve for Beginners Federal Open Market Committee"


"Yes I thought his flow charts did a nice job with a complex system.  Some thoughts:  * he makes the ""if your house ran a blah blah blah"".  That is a horrible analogy to make for an economy.  * He quotes the revenue to debt ratio as if it is static.  We are spending much more now then we traditionally do at the same times as revenues are lower than historic levels.  Ratios change over time.  * Either he chooses to ignore, or doesn't know, that a lot of the issues with the PIIGS comes from the aggressive use of derivative products to clean their books for the joining of the EU.  Like his ARM example, now the rates have changed and those trades have moved against the sovereigns.   * His lists the outcome of current monetary policy as binary.  Either we inflate to infinity, and the world explodes, or we default and the world explodes.  One outcome that comes to my mind is that we ease out of aggressive capital injection and move through this liquidity issue.  We then pay back our debt and live on.  I am sure there are many other outcomes  * Almost all the problems seemed to be supply side ideas.  ""banks just won't lend"".  I would argue banks and even corporations have cash, but lack demand for NPV positive projects and thus are sitting on it.  And or they are waiting for things to play out so they can invest with better certainty.  * I thought his discussion on Current accounts was very good.  We also need to remember in many of these countries you have weak and corrupt tax systems which make it hard to fund your way out of these issues.   I only point these things out for others who may watch the video and want some counter points to what the speaker says."


Million dollar taxi medallions are why I'm glad the whole industry is going bankrupt.  They lobbied to keep the supply artificially low, increased barriers to entry, enjoyed their crony capitalist monopoly, accordingly treated customers like shit, and now they're all going kaput off their greed.  No loss whatsoever.


"I appreciate the actually reasonable initial response. I've been consistently called a fake and a fraud mostly by, as you can probably guess, my competitors and my ex who has turned genuinely psycho. She and her father have now made the news for being directly connected to well documented international and American human rights violations, her father being directly connected to apparently a police chiefs admitted systematic protected records falsification/tampering/destruction and so much else. Those two groups arent exactly mutually exclusive at the moment. Her father works in PR/lobbying and she basically tried to make it a goal to ruin me. Why you might ask? Thats a great question.   Could have something to do with the money I make people and people potentially owing me more than a few million. You really have to also consider though that would be an absurdly small price to pay for a billion especially if it took about 20 min to deliver in just that instance. Also the fact that she couldnt keep her clothes on to save her life after that point. All of the fake/fraud rhetoric is despite the fact, and probably because, I literally completed industry leading and often freely available open source economic work for no pay for several years as well as my comp (when I actually bill) being largely entirely performance based which almost nobody in the industry will even contemplate. Im not even that smart I just basically as it appears comparably dont have a sudden compulsive need to actively feel like I'm causing problems for people or just bullshit people frankly. Quite the opposite. A good number of the people who have tried to discredit or defame me in some way, if they knew the cause of this situation, probably wouldnt exactly be happy with it. Especially so considering how much money its likely very tangibly cost them just largely due to a psycho ex. On an anecdotal basis, despite previously knowing this was reflected in the data, I can hardly think of more of a good reason to just actually work with people and see how it goes than this.  All of its to basically say I'm sure a guy (and his company) who is that wealthy publicly has had a few situations that make his life complicated and some probably without any good reason.  You might have missed out. I know a few very skilled people who went to work for them. If you were offered to be flown out to them for an interview like that (again), definitely go (especially if you have fallback(s)) and just see what they are willing to do to address your concerns. I know Amazon being stressful is a common thing thats said; however, Amazon isnt a dumb company. They need skilled people and if it makes sense for them it wouldnt surprise me if they could figure something out that would work for both of you. Plus you can always quit as opposed to some things that you cant just say ""stop"" or ""be reasonable"" and have it resolved in a few weeks or less.  I hope this helps you in some way."


"That is false that Amazon loses money with ""predatory pricing"".  They are making a bucket load of money.   They are just a hell of a lot more efficient than the department stores that are being replaced by Internet sales and advanced logistics.     You might point out an example of a product sold below cost.  When a department store is running a loss years on year or running a clearance at a loss, isn't that predatory against Amazon?   Retail is a brutal business."


Short answer, you can't.  Don't link your primary checking account to PayPal.  Open a separate bank account like ING Direct and keep very little balance.  I wrote about this a while back in my blog.


"This is the best tl;dr I could make, [original](https://www.cato.org/publications/policy-analysis/reforming-national-flood-insurance-program-toward-private-flood) reduced by 98%. (I'm a bot) ***** > The National Flood Insurance Program was established by the National Flood Insurance Act of 1968, with the intent of reducing the need for post-disaster federal aid by offering flood insurance and providing mitigation incentives to properties that have significant flood risks.  > The 2014 Wharton School research outlined earlier demonstrated that private insurance firms have the technical capacity to price insurance more accurately than the NFIP. A proliferation of private insurance offerings could thus lead to savings for those NFIP homeowners who are currently paying overpriced premiums because of overly broad risk aggregation.  > Congress took a major step in 2012 toward normalizing private flood insurance by requiring that federally backed lenders accept private insurance, but legal impediments to private flood insurance penetration remain.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6z4pad/reforming_the_national_flood_insurance_program/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~207249 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Insurance**^#1 **NFIP**^#2 **Flood**^#3 **private**^#4 **risk**^#5"


> Things like this are going to happen way more if a $15/hr mini wage ever passed.  Do you really think tech workers are only making $15/hour? And do you think McDonalds is not going to replace people with kiosks regardless of minimum wage? Your examples of why $15/hour won't work are weak.


"No, I was speaking to boolpies.  His statement was false.  People used the paper for social interaction as well for news.  ""Man Seeking Wife"" and all other manner of people looking for social interactions.  People are so quick to demonize the new and reframe the old as some nostalgic utopia that didn't really exist.  It all boils down to people pining for things they understand and vilifying that which they don't."


"Assuming this is real, the Q's (QQQ) is an ETF that tracks the Nasdaq-100. It would be the approximate equivalent of saying ""Just put your money in SPY"" or any other ETF.  I didn't see the thread in question (looks like it was in /r/personalfinance not /r/finance; so, not the ""rules"" here), but my guess is people down voted you (and you were eventually removed by the mod) for ""low effort"", which simply stating ""Put your money in an ETF"" could possibly be construed as.  That said, the top rated comment in that thread *did* suggest putting some portion of the funds in an ETF, it's just rarely an appropriate answer for *all* of someone's investment capital."


Even with the H1B visa abuse, we have extremely high wages. We want more skilled labors coming into the US, especially in tech. We also should be making these people American citizens so they don't bring their skills to other nations.


Reddit didn't buy him a ticket but it is Kai's story i used.  first part of the story is still true.  back in 09 JB had a $599 flight pass.  fly unlimited for 30 days deal.  Reddit pooled money and a lucky redditor toured the country.   i can't find the archive but it was summer of 09.


I agree - so why so much outrage and concern over DAPL crossing a river?  Of note - I'm Choctaw so I understand the land rights of the reservation. That's not in play here and is an entirely different scope of questions relating to trust land etc.


Ok. So mum and dad is the government and the child is the citizen? Or is it that mum and dad is the past and the child is the actual government?  Our problem is that we managed our real estate so well that we never got a recession on it since the 1990s.   That and immigrants only wants to live in the VA area or GTA.   The rest of the country is fine. I live in Montreal and you can rent a nice apartment for less then 1k a month 20 mins from downtown and a house is still 400-600k.


"Number 2 cannot occur. You can buy the call back and sell the stock, but the broker won't force that #2 choice. To trade options, you must have a margin account. No matter how high the stock goes, once ""in the money"" the option isn't going to rise faster, so your margin % is not an issue.  And your example is a bit troublesome to me. Why would a $120 strike call spike to $22 with only a month left? You've made the full $20 on the stock rise and given up any gain after that. That's all. The call owner may exercise at any time. Edit: @jaydles is right, there are circumstances where an option price can increase faster than the stock price. Options pricing generally follows the Black-Scholes model. Since the OP gave us the current stock price, option strike price, and time to expiration, and we know the risk free rate is <1%, you can use the calculator to change volatility. The number two scenario won't occur, however, because a covered call has no risk to the broker, they won't force you to buy the option back, and the option buyer has no motive to exercise it as the entire option value is time premium."


It has nothing to do with that.  It's a simple, time-tested, LEAN manufacturing principle.  Streamline your offerings, focus on what you do well and/or has the best margins.  As the worst selling and worst margin protein... they're choosing to simplify their process and eliminate it.  I totally get that side of it.  The part about queso... eh.


While there is no legal reason to have a minimum number of employees, there can be a practical reason.   They want to look like a good solid investment so that investors will give them money, which is what an IPO is, really.  Hiring lots of people is part of that. Once the investors are committed, they can cut expenses by firing people again. I have no idea how common this is, but it is a possibility.  However, if it were really common, investors wouldn't be fooled anymore. Also, they risk being sued for fraud over this. Even if your friend's worry is probably unfounded, you should be aware that working for a startup is always risky.  They very often go bankrupt even if they try their best.  They can misjudge their intended market. They can get higher expenses than expected. There can be another company with same idea being launched at the same time.  Other things can go wrong. Working for a startup is a risk, but it beats being unemployed, right?


I'd personally use a standard brokerage account and invest in a mix of mutual funds, ETFs and individual stocks.  Follow the municipal bond markets and be prepared to move into muni funds or ETFs when opportunities present themselves. If you buy on weakness, you can pull some great returns with reasonably safe investment.


If you were certain you would probably do best by short selling an ETF that tracked the index for the market you think was about to tank. You'd certainly make a lot more money on that strategy than precious metals. If you were feeling super confident and want to make your money earn even more, you could also buy a bunch of put options on those same ETF funds. Obligatory Warning: Short selling and options can be extremely risky. While most investments cap your potential losses to your total investment, a short sale has no theoretical limit to the amount of money you can lose.


This article makes sense.  Reduce supply of labor, wages go up as employers compete for the remaining workers.  This is simple economics.  Whether this is a good thing, or not, is a matter of opinion and political persuasion.  You could write various headlines based upon how you interpret the data (all are pretty much correct):  * Immigrants kicked out and American blue collar wages rise (Hurray!)  * Misguided immigration policy raises prices for everyone (Boo!)  * Kicking out immigrants makes it harder to get construction done (Boo!)  * Trump helps the working American earn more (Hurray!)


1. It's a differentiator.  Everyone who you're competing against for jobs are going to be the same Finance/Accounting/Econ/Management majors.  Having the Philosophy in there will help you stand out a little and make you seem more well rounded.   2. No other field of study develops your critical reasoning and analysis skills as well as Philosophy.  Particularly with the increases in automation in Finance that has made much of the more menial work obsolete, what is going to determine someone's success or failure is their ability to synthesize disparate pieces of information into a coherent narrative and communicate it effectively.  Any idiot can learn how to read a balance sheet in a few months. Really honing your critical reasoning skills takes years and cannot be learned on your own nearly as easily as in a classroom setting.


"You would want to prioritize Roth and retirement over HSA. As the HSA is only for health and dental expenses, which you will always have, overfunding it will put you in a bit of a pickle for all of the life involved. For example, even if you or a loved one develop a strange & expensive ailment, the HSA will only cover the medical costs, but not any travel to specialists, hotel stays, home alterations, special vehicles, or lifestyle alterations (food, clothing). However, you will eventually stop working even if you are healthy throughout your life.  I would suggest that you treat the HSA as a part of your overall emergency fund, giving it a cap the same as you would normal non-retirement savings. Since you stated you have three young children, small and large medical expenses (such as braces, trips to the emergency room) are something that are almost guaranteed, thus having fairly large amount in the HSA would be very beneficial throughout their time with you. Once the children have left however, if you still have an overwhelming balance in your HSA, you may not want to add anymore to the HSA. Setting a cap for the HSA based off a certain number of years of deductible payments for medication would be a good place to start.  Roth accounts, whether it be within your company's 401k plan or the IRAs for yourself and your spouse, are single-handedly the best location for your money for long-term savings. Roth money grows tax-free, is immune to Required Minimum Distribution provisions, and will avoid estate escrow when going to one's beneficiaries. Even if you tap into the funds prior to age 59 1/2, you would only pay taxes on any investment growth, in addition to the 10% early withdrawal penalty. If you have established Roth IRA accounts and have an AGI that disallows you to further contribute to them, there is still a provision to get Roth funds contributed via conversion through what is commonly called a ""back door"" Roth."


I see this as the reason for the country (and world?) heading toward ever greater income inequality. More and more wealth accruing to capital as opposed to labor.  Ah, so we won't need as much money to live, that's hopeful.  Why don't we use these solutions to solve current high unemployment?   Don't believe that prices of goods will come down as quickly as people are fired from their jobs. That will only happen when people are forced to stop buying things and corporate inventories climb too high (recession/depression). This will be bad for business as well, as those inventories were created using high labor expense from prior times and now must be sold at heavy discount.


Some years ago a call center operator told me a bit more than they probably should have.  They like to see a lot of money go through the card, but very little staying on the card. Yes, they make money on the interest but one card defaulting blows away the profit on a lot of other cards. The 3% take from the merchants is both reliable and up-front, not 6 months down the line when (and if) you pay the interest. So if you want to make your credit card company happy, pay your bills in full every month. I have credit far beyond my actual means because I run work expenses on my personal card, I was told they didn't care (and had already guessed) that it wasn't my money. The point was I was handling things in a way they liked. Not quite at Palladium status, but cards with $200 annual fees are mine for the asking, and I haven't paid interest since the early 1990's.


[P. C. Woo & Co.](http://www.pcwoo.com/practices_com.html) provides top-notch services and creative solutions to a wide range of commercial and corporate finance matters to both overseas and Hong Kong clients.  We have established ourselves as one of the major players in the field with a diversified clientele ranging from financial institutions, public bodies, listed companies to private enterprises.  Our partners' close association with many public bodies and charitable organizations enable us to have extensive experience in serving public bodies and claim to be one of the top local solicitors' firms in Hong Kong which can provide highly specialized services in this area.


"Economy of scale on one side versus ""person monetizing an illliquid asset"" on the other.  Most multifamily rental buildings are owned by professional real estate investors (as well as individuals growing an empire to become a professional real estate investor whom I will count in this group).  The rental difference between a 2000 Sq foot two bedroom apartment and 2000 Sq foot two bedroom standalone house is not large.  The construction cost per square foot for a standalone house is higher than for a multifamily building (of similar height and materials).  Maintenance calls, landscaping, and new roofs, dealing with permits and inspections, etc are much more efficient with multifamily properties.  On the supply side, most single family rentals tend to be the nonprofessional single property owner because they happen to already own the place, and for one reason or another a. Don't want to sell and b. Want to gain cash flow on the asset."


"Generally if you're a sole S-Corp employee - it is hard to explain how the S-Corp earned more money than your work is worth. So it is reasonable that all the S-Corp profits would be pouring into your salary. Especially when the amounts are below the FICA SS limits when separating salary and distributions are a clear sign of FICA tax evasion. So while it is hard to say if you're going to be subject to audit, my bet is that if you are - the IRS will claim that you underpaid yourself. One of the more recent cases dealing with this issue is Watson v Commissioner. In this case, Watson (through his S-Corp which he solely owned) received distributions from a company in the amounts of ~400K. He drew 24K as salary, and the rest as distributions. The IRS forced re-characterizing distributions into salary up to 93K (the then-SS portion of the FICA limit), and the courts affirmed. Worth noting, that Watson didn't do all the work himself, and that was the reason that some of the income was allowed to be considered distribution. That wouldn't hold in a case where the sole shareholder was the only revenue producer, and that is exactly my point. I feel that it is important to add another paragraph about Nolo, newspaper articles, and charlatans on the Internet. YOU CANNOT RELY ON THEM. You cannot defend your position against IRS by saying ""But the article on Nolo said I can not pay SE taxes on my earnings!"", you cannot say ""Some guy called littleadv lost an argument with some other guy called Ben Miller because Ben Miller was saying what everyone wants to hear"", and you can definitely not say ""But I don't want to pay taxes!"". There's law, there are legal precedents. When some guy on the Internet tells you exactly what you want to hear - beware. Many times when it is too good to be true - it is in fact not true. Many these articles are written by people who are interested in clients/business. By the time you get to them - you're already in deep trouble and will pay them to fix it. They don't care that their own ""advice"" got you into that trouble, because it is always written in generic enough terms that they can say ""Oh, but it doesn't apply to your specific situation"". That's the main problem with these free advice - they are worth exactly what you paid for them. When you actually pay your CPA/Attorney - they'll have to take responsibility over their advice. Then suddenly they become cautious. Suddenly they start mentioning precedents and rulings telling you to not do things. Or not, and try and play the audit roulette, but these types are long gone when you get caught."


As a new (very!) small business, the IRS has lots of advice and information for you. Start at https://www.irs.gov/businesses/small-businesses-self-employed and be sure you have several pots of coffee or other appropriate aid against somnolence.  By default a single-member LLC is 'disregarded' for tax purposes (at least for Federal, and generally states follow Federal although I don't know Mass. specifically), although it does have other effects. If you go this route you simply include the business income and expenses on Schedule C as part of your individual return on 1040, and the net SE income is included along with your other income (if any) in computing your tax. TurboTax or similar software should handle this for you, although you may need a premium version that costs a little more.  You can 'elect' to have the LLC taxed as a corporation by filing form 8832, see https://www.irs.gov/businesses/small-businesses-self-employed/limited-liability-company-llc . In principle you are supposed to do this when the entity is 'formed', but in practice AIUI if you do it by the end of the year they won't care at all, and if you do it after the end of the year but before or with your first affected return you qualify for automatic 'relief'. However, deciding how to divide the business income/profits into 'reasonable pay' to yourself versus 'dividends' is more complicated, and filling out corporation tax returns in addition to your individual return (which is still required) is more work, in addition to the work and cost of filing and reporting the LLC itself to your state of choice. Unless/until you make something like $50k-100k a year this probably isn't worth it. 1099 Reporting. Stripe qualifies as a 'payment network' and under a recent law payment networks must annually report to IRS (and copy to you) on form 1099-K if your account exceeds certain thresholds; see https://support.stripe.com/questions/will-i-receive-a-1099-k-and-what-do-i-do-with-it  . Note you are still legally required to report and pay tax on your SE income even if you aren't covered by 1099-K (or other) reporting. Self-employment tax. As a self-employed person (if the LLC is disregarded) you have to pay 'SE' tax that is effectively equivalent to the 'FICA' taxes that would be paid by your employer and you as an employee combined. This is 12.4% for Social Security unless/until your total earned income exceeds a cap (for 2017 $127,200, adjusted yearly for inflation), and 2.9% for Medicare with no limit (plus 'Additional Medicare' tax if you exceed a higher threshold and it isn't 'repealed and replaced'). If the LLC elects corporation status it has to pay you reasonable wages for your services, and withhold+pay FICA on those wages like any other employer. Estimated payments. You are required to pay most of your individual income tax, and SE tax if applicable, during the year (generally 90% of your tax or your tax minus $1,000 whichever is less). Most wage-earners don't notice this because it happens automatically through payroll withholding, but as self-employed you are responsible for making sufficient and timely estimated payments, and will owe a penalty if you don't. However, since this is your first year you may have a 'safe harbor'; if you also have income from an employer (reported on W-2, with withholding) and that withholding is sufficent to pay last year's tax, then you are exempt from the 'underpayment' penalty for this year.  If you elect corporation status then the corporation (which is really just you) must always make timely payments of withheld amounts, according to one of several different schedules that may apply depending on the amounts; I believe it also must make estimated payments for its own liability, if any, but I'm not familiar with that part.


"I'm not sure what you expect in terms of answers, but it depends on personal factors. It pretty well has to depend on personal factors, since otherwise everyone would want to do the same thing (either everyone thinks the current price is one to sell at, or everyone thinks it's one to buy at), and there would be no trades. You wouldn't be able to do what you want, except on the liquidity provided by market makers. Once that's hit, the price is shifting quickly, so your calculation will change quickly too. Purely in terms of maximising expected value taking into account the time value of money, it's all about the same. The market ""should"" already know everything you know, which means that one time to sell is as good as any other. The current price is generally below the expected acquisition price because there's a chance the deal will fall through and the stock price will plummet. That's not to say there aren't clever ""sure-fire"" trading strategies around acquisitions, but they're certain to be based on more than just timing when to sell an existing holding of stock. If you have information that the market doesn't (and assuming it is legal to do so) then you trade based on that information. If you know something the market doesn't that's going to be good for price, hold. If you know something that will reduce the price, sell now. And ""know"" can be used in a loose sense, if you have a strong opinion against the market then you might like to invest based on that. Nothing beats being paid for being right. Finally, bear in mind that expected return is not the same as utility. You have your own investment goals and your own view of risk. If you're more risk-averse than the market then you might prefer to sell now rather than wait for the acquisition. If you're more risk-prone than the market then you might prefer a 90% chance of $1 to 90c. That's fine, hold the stock. The extreme case of this is that you might have a fixed sum at which you will definitely sell up, put everything into the most secure investments you can find, and retire to the Caribbean. If that's the case then you become totally risk-averse the instant your holding crosses that line. Sell and order cocktails."


Why did she say that? If you followed the worksheet and that's the number you calculated - go with it. I'm guessing you're getting the child credit for both kids, right? If so - 8 makes sense. Make sure you have withholding of at least the amount of tax you owed last year to avoid penalties (if this year you end up owing more, that is).


No miracles.  For me the interesting part is that he keeps doing stuff I like.  When he stops that, I wont like it, but to this point he is saying and doing the right things from my point of view.  It's like when people jumped up and down about the google 'no evil' thing - it just resonated with people.  If we see Tesla making greedy decisions that slide away from  an electric-for-all, customer-first, shakeup-the-industry mode, many will fall off the bandwagon.  As long as they keep going, I say cheer them on!


"The question you are asking concerns the exercise of a short option position.  The other replies do not appear to address this situation. Suppose that Apple is trading at $96 and you sell a put option with a strike price of $95 for some future delivery date - say August 2016.  The option contract is for 100 shares and you sell the contract for a premium of $3.20. When you sell the option your account will be credited with the premium and debited with the broker commission.  The premium you receive will be $320 = 100 x $3.20.  The commission you pay will depend on you broker. Now suppose that the price of Apple drops to $90 and your option is exercised, either on expiry or prior to expiry.  Then you would be obliged to take delivery of 100 Apple shares at the contracted option strike price of $95 costing you $9,500 plus broker commission.  If you immediately sell the Apple shares you have purchased under your contract obligations, then assuming you sell the shares at the current market price of $90 you would realise a loss of $500 ( = 100x($95-$90) )plus commission.  Since you received a premium of $320 when you sold the put option, your net loss would be $500-$320 = $180 plus any commissions paid to your broker. Now let's look at the case of selling a call option.  Again assume that the price of Apple is $96 and you sell a call option for 100 shares with a strike price of $97 for a premium of $3.60.  The premium you receive would be $360 = 100 x $3.60.  You would also be debited for commission by your broker. Now suppose that the price of Apple shares rises to $101 and your option is exercised.  Then you would be obliged to deliver 100 Apple shares to the party exercising the option at the contracted strike price of $97.  If you did not own the shares to effect delivery, then you would need to purchase those shares in the market at the current market price of $101, and then sell them to the party exercising the option at the strike price of $97.  This would realise an immediate loss of $400 = 100 x ($101-$97) plus any  commission payable.  If you did own the shares, then you would simply deliver them and possibly pay some commission or a delivery fee to your broker.  Since you received $360 when you sold the option, your net loss would be $40 = $400-$360 plus any commission and fees payable to the broker. It is important to understand that in addition to these accounting items, short option positions carry with them a ""margin"" requirement.  You will need to maintain a margin deposit to show ""good faith"" so long as the short option position is open.  If the option you have sold moves against you, then you will be called upon to put up extra margin to cover any potential losses."


Maybe he's someone's kid, maybe he isn't. But Kraft-Heinz is a 3G company and anyone who understands their philosophy and methodology wouldn't be surprised by this.  3G is all about meritocracy. They don't care how long you've been at the company or how old you are - they'll work you to death and people that deliver the best results get rewarded handsomely, no matter their age. It's not unlikely that this guy is one of those people.  3G companies (e.g. Kraft-Heinz, RBI: Tim Hortons/Burger King, ABInBev) have at least a handful of VPs in their 20s, it's not just this guy. From my LinkedIn stalking and exposure to 3G companies, they also promote people (who I assume are high performers) very quickly, and will often take their incumbent talent and move them to new regions with big responsibility post-M&A (e.g. they'll take an HR Manager from Brazil and move them to Canada with Director or C-level responsibilities).   EDIT - here's a couple examples:  [This guy](https://www.linkedin.com/in/ricardookamoto/) was a Manager for Kraft-Heinz in Brazil, then made CFO for Mexico  [This guy](https://www.linkedin.com/in/daniel-szlak-659b2319/) graduated from a 4-year bachelor's in 2010. He was made CFO for Latin America in 2015, so he was actually a younger (27?) CFO, though probably with less responsibility, than David Knopf.


Oh Good Lord. Where to begin.  She worked 14 years in security because she has no interest?   Definitely glad you're not in charge of hiring practices. A high school graduate would be more qualified for a computer security job due to  military experience? That's just as irrelevant as music or marine biology. It's a C-Suite administrative role, not a research position.


Various states have their own take on barbecue, but Texas certainly wows everyone with gigantic portions. You'll never run out of recommended places to dine around Austin, such as barbecue pits that can smoke hundreds of pounds of meat all at once.


I don't know where you're coming up with this. The deficit right now is about $440 billion vs the well over 1 trillion is social expenditures. There are bloated budgets and inefficiencies everywhere in government. Cuts could easily be made. Then there's the fact that we have a GDP of 18.57 trillion yet you think that there are 500 companies with 1 trillion in profit?


You could write a personal check after the final price has been set and you're ready to purchase. Another option would be to get the final price - then walk over to your bank and get a cashier's check.


That's up to you. If you instruct your broker to sell shares purchased in specific lots, they can do that -- but doing so requires that you and/or they track specific fractional lots forever afterwards so you know what is still there to be sold. FIFO simplifies the bookkeeping. And I am not convinced selecting specific lots makes much difference; the government gets its share of your profits sooner or later.


>>I doubt any person that complains about immigrants taking jobs would ever take a job picking vegetables.  I can't wait for this. I mean, I say it ecstatically, but in reality it is going to affect everyone. So many stupid racist assholes believing Trumptard that this is going to help the economy when all its going to do is make things more expensive. You think white people are going to pick fruits? Hispanics that arent illegal sure as shit arent going to do it.   Construction: Houses are already expensive, imagine when they're paying living wages. Every market is going to look like Seattle.  Immigrants are good for our country.


It's not usually a good idea to buy a house as an investment. Buy a house because you want the house, not for an investment. Your money will make more money invested somewhere other than a house. Additionally, based on talking about renting rooms to pay the mortgage and the GI bill, I assume you are planning on going to school and not working? I am not that familiar with VA loans, but I imagine they will require you show some form of income before they are willing to give you a loan. 14% returns over the long run are very good, but last year the market was up almost 30%, if you were only at 14% for last year you left quite a bit on the table. I would advise against  individual stocks for investments except as a hobby. Put the majority of your investments into ETF's/low fee mutual funds and keep a smaller amount that you can afford to lose in stocks.


"This chart summarizes the FED's balance sheet (things the FED has purchased - US treasuries, mortgage backed securities, etc.) nicely.  It shows the massive level of ""printing"" the FED has done in the past two years.  The FED ""prints"" new money to buy these assets. As lucius has pointed out the fractional reserve banking process also expands the money supply.  When the FED buys something from Bank A, then Bank A can take the money and start lending it out.  This process continues as the recipients of the money deposit the newly printed money in other fractional reserve banks. FYI....it took 95 years for the FED to print the first $900 billion.  It took one year to print the next $900 billion."


So this guy has his own life experience. He's had some amount of privilege in his life and he's aware that's his success could be attributed to that. However, success is profoundly more complicated than luck or chance opportunities. Maybe in his survey with a sample size of one (himself) it all makes sense but success is hard work, tenacity, great planning, strategy, timing and then a little luck. The whole cookie thing is interesting from a human nature perspective but you can't create and IPO Facebook because someone told you that you were the leader. That may for a free cookie but not any real success.   [Liar's Poker](http://www.amazon.com/Liars-Poker-Rising-Through-Wreckage/dp/0140143459) has a massive user rating on Amazon. No one gave him the pages to that book. He wrote the thing. You can write a kiss ass book too. Sure, he might have gotten a break to get it published but if you had that break could you write a kick ass book?


I mean that's pretty simple then. Talk to your school about giving you a dedicated place in the library to provide these services and let them advertise it for you through announcements, etc. also go to the teachers and let them know you're providing tutoring, show them you know your stuff, and ask them to send students your way.


There are four sides to this transaction. You increase in money: A debit. (increases your Current Assets, if you will) You also gain the requirement to pay that money in the future. A credit: Definitely a Liability. When you repay the money, your cash will decrease: a credit, and your liabilities will also decrease, which is a debit (since you don't have to repay the money anymore). the account would be short-term loans, the money doesn't have a name, it's just cash and would go into whatever cash accounts you have. The bookkeeping entry would be the same as you would make for any short-term loan.


Same here. I think wind and solar can play their part, but to be viable in a large scale you need enormous amounts of storage to cover times with no sun and wind. Solar and wind itself is cheap. But the amount of storage required is expensive.  Nuclear is very high tech and elitist as few people understand it well. It is extremely regulated and new developments are difficult to due to this and the huge costs incurred. People are afraid of it, so politics are against it as this is politically feasible there. China looks at technological facts, not peoples emotions when deciding what to invest in.  I can very well imagine that modern nuclear tech will come from China in a decade, because it is one of the few countries still developing it.


"Lachlan has $600 cash and a car worth $500. That's $1,100. The new car is priced at $21,800. Lachlan needs a loan for $20,700. However, the finance company insists that the buyer must pay a 10% deposit, which is $2,180. Lachlan only has $1,100, so no loan.  The car dealer wants to make a sale, so suggests some tricks. The car dealer could buy Lachlan's old banger for $1,500 instead of $500, and sell the new car for $22,800 instead of $21,800. Doesn't make a difference to the dealer, he gets the same amount of cash. Now Lachlan has $600 cash and $1,500 for his car or $2,100 in total. He needs 10% of $22,800 as deposit which is $2,280. That's not quite there but you see how the principle works. Lachlan is about $200 short. So the dealer adds $1,200 to both car prices. Lachlan has $600 cash and a car ""worth"" $1,700, total $2,300. The new car is sold for $23,000 requiring a $2,300 deposit which works out exactly.  How could we have found the right amount without guessing?  Lachlan had $1,100. The new car costs $21,800. The dealer increases both prices by x dollars. Lachlan has now $1,100 + x deposit. The car now costs $21,800 + x. The deposit should be 10%, so $1,100 + x = 10% of ($21,800 + x) = $2,180 + 0.1 x.  $1,100 + x = $2,180 + 0.1 x : Subtract $1,100 x = $1,080 + 0.1 x : Subtract 0.1 x 0.9 x = $1,080 : Divide by 0.9 x = $1,080 / 0.9 = $1,200 The dealer inflates the cost of the new car and the value of the old car by $1,200. Now that's the theory. In practice I don't know how the finance company feels about this, and if they would be happy if they found out."


"This article is interesting, but deeply biased. The writer manages to write pages and pages on a feature about Charney that only tells Charney's story. He interviews (I think, unless he's always just quoting other sources) a few other folks, but only ones who think he's brilliant and was wronged.   It was only in the last 25% (of a very long article) when the author even bothers to reference the criticisms and discussion of sexual harassment and culture of sexualizing women that was part of what started the blowback from customers, and though it says something like ""You can't talk about Charney's story without mentioning the sexuality,"" it seems like an afterthought. Basically, ""a lot of people said Charney was a creep, and some of them sued him, but he says the allegations are false so let's move on.""  It wasn't just increasingly uncomfortable ads, it was also people saying they were coerced into those ads, people saying the workplace was almost toxic in it's sexual charge, Charney saying stuff like ""then they shouldn't work here,"" the fact that people working in the stores were rated on their attractiveness and size, that AA wouldn't make or sell clothes past a certain size because he didn't want large people wearing his clothes, the fact that the clothes cost $50 for a tee shirt then fell apart, etc.   Charney certainly has his side of things, but I personally think it was irresponsible to write a feature this long without giving more than a paragraph or two of context into why it wasn't just a cruel board doing him wrong, but that even many of his employees and customers turned away from the brand."


Bernanke & Obama likely will. The problem is that, just like the last 2 failed stimulus plans, it is unlikely the next one will work out any better.  Will it be better than the alternative? I don't know. I'm not an economist.


>Maybe this time, the crazies on the right will shut up and pretend it's a great idea 'cause Trump is involved?  I'm not above using the crazies to get useful things done.   Yeah right. Whenever Trump does something they don't like, he's being forced to do so by the deep state. Crazies gonna crazy.


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"I never fucking understand why we refer to these places as ""communist countries"".  They're essentially undemocratic totalitarian dictatorships.  Communism in its real sense actually has pretty admirable ideals.  No one has yet implemented them at any point in history."


If Amazon paid cash for the transaction, and there was no value to be unlocked, then I think you'd expect amazon's market value to remain the same after the transaction (exchange of equal value).   But there's book value inherent to the Whole Foods business, and the various assets within it, and there's strategic value that might only be realized through an acquisition by Amazon. If another company bought it (let's say Kroger), you could argue that the market cap boost to Kroger would have been less meaningful (or nonexistent) because Kroger wouldn't be as well positioned to create value from the Whole Foods business as Amazon is.


While trading in stochastic I've understood, one needs reference (SMA/EMA/Bolinger Band and even RSI) to verify trade prior entering it. Stochastic is nothing to do with price or volume it is about speed. Adjusting K% has ability to turn you from Day trader to -> swing trader to -> long term investor. So you adjust your k% according to chart time-frame. Stochastic setup for 1 min, 5 min ,15, 30, 60 min, daily, weekly, monthly, quarterly, half yearly and yearly are all different. If you try hopping from one time-frame to another just because it is below oversold or above overbought region with same K%, you may get confused. Worst you may not square-off your loss making trade. And rather not use excel; charts gives better visual for oscillators.


All the major American and British banks, with a couple of exceptions. The British government, despite its conservative ideology, is imposing stronger regulatory limits and even discussing 'say on pay' provisions for executive compensation. The US remains wedded to its allegedly free market leanings despite revelations that JP Morgan, among others, receives $14 BILLION a year in government subsidies. And the markets have made it clear that they dont just welcome, but demand government intervention, despite the libertarian rhetorical flourishes of the business lobbies. We may not see the confluence of economic and political policy until after the US presidential election but the widening gap between ideology and reality may hasten the end of that peculiar conceit.


Pool their money into my own brokerage account and simply split the gains/losses proportional to the amount of money that we've each   contributed to the account. I'm wary of this approach due to the tax   implications and perhaps other legal issues so I'd appreciate   community insight here. You're right to be wary. You might run into gift tax issues, as well as income tax liability and appropriation of earnings. Not a good idea at all. Don't do this. Have them set up their own brokerage account and have them give me the   login credentials and I manage the investments for them. This is   obviously the best approach from a tracking and tax perspective, but   harder for me to manage; to be honest I'm already spending more time   than I want to managing my own investments, so option 1 really appeals   to me if the drawbacks aren't prohibitive. That would also require you to be a licensed financial adviser, at least to the best of my understanding. Otherwise there's a lot of issues with potential liability (if you make investments that lose money - you might be required to repay the losses). You should do this only with a proper legal and tax advice - from an attorney and/or CPA/EA licensed in your state. There are proper ways to do this (limited partnership or LLC, for example), but you have to cover your ass-ets with proper operating agreements in place that have to be reviewed by legal counsel of each of the members/partners,


This crisis just shows why the dollar has no chance in my lifetime of loding it's dominance.  Russia is a major world player, were taking what seemed right steps to move forward economically, socially, politically.  Yet this crisis shows the truth.  Media controlled by the kremlin.  Taking actions in other countries.  No fear of economic hardships due to political issues.    Who else could supplant the US dollar? China is in the same boat as Russia.  Still not a free society.  SO what's left? The Euro.  But it's got a long way to go to show it can remain stable.  Give it 50 years and get back to me.


"It would be nice if Microsoft would invest in the freaking local infrastructure that supports all these workers.  Currently our local elementary school is overrun by the kids of H1-B workers.  I don't particularly care that they are H1-B's or anyone else's kids, but the school has 800 kids and was built to support 450.  Because there is nice and reasonably affordable new housing (under $600k) with a ""gold ribbon"" school, the H1-B immigrants are flocking to the neighborhood, so all other schools are at or below capacity and ours is overflowing.  The main problem is that since all of the other schools are ""OK"" and all of the H1-B's in our neighborhood can't vote, a levy can't be passed in order to build any new schools.  So we're fucked."


If there is  no match and you are disciplined enough to contribute without it coming directly out of your paycheck, dump the 401K.  The reason: Most 401K plans have huge hidden fees built into the investment prices. You won't see them directly, but 3% is not uncommon. 3% is a horrible drag on your investment performance. Get an IRA or Roth IRA and pick something with low fees.  Bonus: You will have a lot more investment choices!


I don't call myself a daytrader.  My ideal timeframe is from a few days to a couple weeks, sometimes even longer.  So swings will always be my priority, but I do daytrade futures/forex outside of regular hours and equities when I'm not doing a swing.  Platform is really only important when you realize what you need from it.  If you're doing plenty of tickets, commissions will play a larger role the more you trade.  Some brokers are more bare-bones, some have more technology/tools.  If you're just learning, you typically don't want to put on extra expenses, but as you start making money, you'll want to go with a broker that minimizes your costs while using a third party for whatever tools you need.


Even with a good investment strategy, you cannot expect more than 8-10% per year in average. Reducing this by a 3% inflation ratio leaves you with 5 - 7%, which means 15k$ - 21k$. Consider seriously if you could live from that amount as annual income, longterm. If you think so, there is a second hurdle - the words in average. A good year could increase your capital a bit, but a bad year can devastate it, and you would not have the time to wait for the good years to average it out. For example, if your second year gives you a 10% loss, and you still draw 15k$ (and inflation eats another 3%), you have only 247k$ left effectively, and future years will have to go with 12k$ - 17k$. Imagine a second bad year. As a consequence, you either need to be prepared to go back to work in that situation (tough after being without job for years), or you can live on less to begin with: if you can make it on 10k$ to begin with (and do, even in good years), you have a pretty good chance to get through your life with it. Note that 'make it with x' always includes taxes, health care, etc. - nothing is free. I think it's possible, as people live on 10k$ a year. But you need to be sure you can trust yourself to stay within the limit and not give in and spent more - not easy for many people.


The value of a business without proven profits is really just a guess.  But to determine what % ownership the VC takes some measure must be used.  He is asking the OP to start the negotiations.  So you start high - higher than you will settle for. The value of the business should always be WAY more the $$ you have put into it ... because you have also invested your time (which has an opportunity cost) and assumed huge risk that you will never get those $$ back.   When you need the cash and only one person will give it to you, you are over a barrel.  You either take the terms they offer, or you let the business collapse.  So keep a show of strength and invent other funders. Or create a business plan showing that you can continue without their $$ (just at a smaller volume).


Sometimes, but it was more common for the 'presentation' leg of the project to use Excel as the last step before passing the data on to the next team or pushing things into a powerpoint. For new projects, those were much more likely to be R end to end and yes, I often used an organization like you mention, extract and transform -> Fit Model and export predictions -> produce visuals and explanatory data.   I did have a few examples where I used R to build on top of excel models, e.g. passing data that was already being calculated into a regression or producing a plot that excel couldn't easily do. In my case we had 10+ people who were good with excel and only 1 or 2 being proficient with R. If the majority of people were strong R users, I'm sure it would have had more predominance in our work.


Most banks should give them. I exchange all the time.


Whenever a website mentions Hypothetical Growth of $100, $1,000, or $10,000, it assumes that that investor himself will reinvest the dividend. This is true whether you look at Morningstar or Financial Times.  Unless the website does not have dividend data, e.g. Google Finance.  If you want to compare the account value after withdrawing dividends:   Since the Income class pays dividends annually, there will be 1 jumps per year.  For example, the 2013 dividend payment:  and the 2014 dividend payment:


So you're saying the CEO's of those huge flagship state-owned enterprises and state-supported champions have no say in the way China's industry develops?   Either way, the Politburo and senior leadership are primarily comprised of engineers and scientists (although there are more lawyers in the next generation of leaders).


"You just listed problems with our present form of government. You don't like our present form of government. That's different than saying all government is bad or that we can live well without a government.  If there is a monopoly, or a corporation that has many monopolies, it is very hard for a competitor to challenge it. This is especially true where the ""barrier to entry"" is large, such as utilities, phone companies, car companies, etc. In addition to the fair barriers to entry, it is easy for monopolies to do unfair things to prevent competition. For example, have you ever heard the term ""dumping""?"


If you're only hobby is hating a person you've never met, then you should probably work in some balance. Also, forget ENG111, maybe a remedial class that includes spelling. Hard to make an effective counterpoint about grammar when you misspell the word.


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I don't know about his department, but many PDs/government agencies begin offering pensions at the 10 year mark.  Those pensions are generally based off of how much you made while you were working.  It's quite possible that between he has his wife, they are getting $50-$60k per year in pension.  Government pensions are fucking GREAT.  Of course, they also bankrupt governments, but that's tomorrow's problem!  Weeeee!


I realize this is a dated question, but for anyone interested in this subject please be aware of the availability of IRC § 1235 and capital gain treatment for the sale of patents.  When the holder of a patent transfers all substantial rights to an unrelated person, it can qualify for long-term capital gain treatment.  That can be a meaningful tax savings relative to ordinary income treatment. There are a number of specific provisions and requirements to access § 1235.  The holder must be the creator or someone unrelated (and not the creator's employer) who purchased the patent from the creator.  The holder must transfer all substantial rights to the patent (not a licensing), or sell an undivided portion of all substantial rights (partial sale, again not a license).  The benefit of § 1235 is that long-term treatment will apply even for patents with holding periods under 1 year.  Other rules and permutations of course also apply.  Those who fail § 1235 may still qualify their assets as capital under § 1221 or § 1231.  A patent held by its creator will often qualify as a capital asset. It may not make any sense to sell your business as a whole, particularly if all a purchaser wants is a patent or group of patents.  Of course, if the patent was held by its creator in a single-member LLC or other disregarded entity sold to a buyer, then the tax treatment is still treated as the sale of a long-term capital asset.


>This being said, before the outsourcing failure, it was not obvious that it would be.  Which would suggest that the qaulity of any risk management applied to the whole program at the outset was piss poor. These things tend to be way more political than they are achievable. Add to this the need to go for the lowest bidder in any specialisation and you don't need an MBA to work out what the most likely outcome is going to be..


Yes but this also goes against the idea that somehow, after injecting more of their money into the firm by exercising their rights, shareholder wealth still remains the same?  So if shareholders also injected cash, how come their total wealth didn't change?


"Yes, he can retract the offer - it was a cash-only offer, and if you're financing, it's no longer ""cash"". Unless, of course, you get the financing through your local bank / credit union, and they hand you a check (like on a personal loan). Then it's still cash. However, the salesman can still retract the offer unless it's in writing because you haven't signed anything yet. The price of financing will always be higher because the dealer doesn't get all their money today. Also, if you finance, you are not paying just the cost of the vehicle, you are paying interest, so your final cost will be higher (unless you were one of the lucky souls who got 0% financing atop employee pricing, and therefore are actually saving money by having a payment)."


"There tends to be high volume around big changes in stock price. The volume of a stock does not remain constant and the term ""fat fingers"" can influence price.--> http://www.bloomberg.com/news/2014-10-01/that-japanese-fat-finger-can-absolutely-happen-in-u-s-.html That being said keshlam is 99% right when it comes to a stock moving when their is no news or earnings announcements. Check out these papers. http://onlinelibrary.wiley.com/doi/10.1111/j.1475-6803.2010.01285.x/full They do a time series analysis to try and predict future prices off of past demand during news events. They forecast using auto-regressive models.  google ""forecasting autoregressive model"" and the upenn lecture will be helpful. I would post another link but I cannot because I do not have enough rep/ This is more of a quant question. Hope this helps. JL"


"I had a bunch of engineers as classmates in business school, so you'll meet and connect with many like minded folks as yourself. I would also encourage you that after your calculus classes, business school will be pretty academically accessible to you.  That being said, I really connected with strategy during my studies and not finance so much...so I would point you toward Michael Porter's essay ""[What is Strategy](http://www.rcmewhu.com/upload/file/20150528/20150528184258_9036.pdf) "" It describes how some corporations (Southwest Airlines and IKEA come to mind) use strategy to operate their business for competitive advantage and thus profits. It may help you discover some things an MBA would be working on in the strategy department of a corporation."


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"Great response, thanks! I'll do my best to answer your questions.  1. I'm a genuine believer that everything, from calculus to charisma, can be taught to *most* people. Some people don't have the intelligence to ever learn calculus, for example, and some people will only ever be average at it. But most people can at least improve in most areas through education.   The messed up part is that professors are never formally taught to teach. Some of the things I listed I implicitly learned in grad school (e.g., when doing research, I learned how to filter out inaccurate information; when writing research papers, I learned how to organize information). I learned theories of motivation because I was in an org psych program, but I never learned how to apply them, especially in a classroom setting. I had to figure that out myself. But, yes, I do believe it's something that can be learned.   2. I think the vast majority of work related skills that people develop are learned on the job, as you mentioned. There are some generic skills students learn in college that can be applied to their work, however. I'm thinking of communication and social skills (although I'm probably biased, since those are the two topics I teach). College, it seems to me, is more about learning how to follow directions, figure things out for yourself, and work effectively in groups than any particular subject matter. And I think those skills do transfer well to the workplace.   3. I 100% agree with this. We're pressured to pass students and inflate grades. Character issues, including being disorganized, being dishonest, or just being rude, are diagnosed as psychological disorders and we have to ""accommodate"" students with these ""disabilities"" (to be clear, I 100% believe in psychological disorders, and I 100% support accommodating students with these disorders- I just think they are over-/ misdiagnosed these days).    Totally agree with your last paragraph."