"Funds - especially index funds - are a safe way for beginning investors to get a diversified investment across a lot of the stock market. They are not the perfect investment, but they are better than the majority of mutual funds, and you do not spend a lot of money in fees. Compared to the alternative - buying individual stocks based on what a friend tells you or buying a ""hot"" mutual fund - it's a great choice for a lot of people. If you are willing to do some study, you can do better - quite a bit better - with common stocks. As an individual investor, you have some structural advantages; you can take significant (to you) positions in small-cap companies, while this is not practical for large institutional investors or mutual fund managers.  However, you can also lose a lot of money quickly in individual stocks. It pays to go slow and to your homework, however, and make sure that you are investing, not speculating. I like fool.com as a good place to start, and subscribe to a couple of their newsletters. I will note that investing is not for the faint of heart; to do well, you may need to do the opposite of what everybody else is doing; buying when the market is down and selling when the market is high. A few people mentioned the efficient market hypothesis. There is ample evidence that the market is not efficient; the existence of the .com and mortgage bubbles makes it pretty obvious that the market is often not rationally valued, and a couple of hedge funds profited in the billions from this."


If there are no jobs they can save and plan their escape to someplace with jobs. You can double down and work a high risk high $ job like mining or an oil rig until you save enough to work a safer job.   Nothing constrains you in the US


If you hold stock in a traditional IRA and sell a covered call against that stock, the premium received for writing that call belongs to the IRA just as would any other gain, dividend, or interest.  It is not a contribution but simply adds to the balance in the IRA.  The nature of the gain (capital or ordinary) is not relevant since all parts of the IRA balance are treated the same when funds are (eventually) withdrawn.


"There are two factors in your credit score that may be affected. The first is payment history. Lenders like to see that you pay your bills, which is the most straightforward part of credit scores IMO. If you've actually been paying your bills on time, though, then this should still be fine. The second factor is the average age of your open accounts. Longer is considered better here because it means you have a history of paying your bills, and you aren't applying for a bunch of credit recently (in which case you may be taking on too much and will have difficulties paying them). If this card is closed, then it will no longer count for this calculation. If you don't have any other open credit accounts, then that means as soon as you open another one, your average age will be one day, and it will take a long time to get it to ""good"" levels; if you have other matured accounts, then those will balance out any new accounts so you don't get hit as much. Incidentally, this is one of the reasons why it's good to get cards without yearly fees, because you can keep them open for a long time even if you switch to using a different card primarily."


"Would the net effect *really* be worse, though?  If everyone stopped paying back loans, and banks stopped lending, people would have to live within their means.  Prices would fall, and nobody would be in debt slavery for the rest of their lives.  As for allocating capital to new businesses, there would still be the option of a Kickstarter-like model, plus both private and public equity (and the rules could be changed so there could be more than 500 investors without being forced public).  A lot of options currently on the table would disappear, sure, but on balance, would it actually be worse?  As both government and Wall Street say it's bad, that seems to automatically suggest the opposite.  There has been a push to make it a crime to walk away from a mortgage, even though banks get the house back!  The fact that they desperately tried to paint it as ""morally wrong"" to walk away from a mortgage is a big red flag.  In any case, this is all going to be reshuffled in the near future, because of automation.  There won't be a need to borrow when your material needs are automatically met; and there won't be much of a point to promising your labor when machines are doing the jobs already.  The transition to a post-scarcity economy over the next 20 years is going to be interesting."


According to TurboTax: You report the income in the year you received it... Therefore, since you received payment in 2017, you will report it on your 2017 tax return.


Use your line of credit (LOC) to purchase more investments (non RRSP). That way, all of your LOC interest use to purchase those investments becomes tax deductible. Then use the money from your tax return to pay down the LOC.


The BPO companies provide round-the-clock service to cater the customer’s requirement. The majority of good BPO companies provide 24/7 service, in order answer the queries and concerns of their client’s end customers. These experts are fully-trained and they do a regular follow-up for the complaint raised by the customers and do their best for resolving the customer’s complaint to his satisfaction.


[Reddit $20 million in revenue in 2016](https://www.recode.net/2016/4/28/11586522/reddit-advertising-sales-plans), is valued at $1.8 billion?  I think this has more to do with our near zero interest rates world, and capital chasing returns in the stock market casino, than any rational business valuation.  What goes up .......


Here's the best explanation I found relating to why your T4 box 39 might not have an amount filled in, even when box 38 has one: Department of Finance – Explanatory Notes Relating to the Income Tax Act [...]. It's a long document, but here's the part I believe relevant, with my emphasis: Employee Stock Options ITA 110(1)   [...]   Paragraph 110(1)(d) is amended to include a requirement that the   employee [...] exercise the employee’s rights under the stock   option agreement and acquire the securities underlying the agreement   in order for the deduction in computing taxable income to be   available [...] ensures that   only one deduction is available in respect of an employment benefit. In other words, if employee stock option rights are surrendered to an   employer for cash or an in-kind payment, then (subject to new   subsections 110(1.1) and (1.2)) the employer may deduct the payment   but the employee cannot claim the stock option deduction. Conversely,   where an employer issues securities pursuant to an employee’s exercise   of stock options, the employer can not deduct an amount in respect of   the issuance, but the employee may be eligible to claim a deduction   under paragraph 110(1)(d). Did you receive real shares based on your participation in the ESPP, or did you get a cash payment for the net value of shares you would have been issued under the plan? From what I can tell, if you opted for a cash payment (or if your plan only allows for such), then the part I emphasized comes into play. Essentially, if conditions were such that your employer could claim a deduction on their corporate income tax return for the compensation paid to you as part of the plan, then you are not also able to claim a similar deduction on your personal income tax return. The money received in that manner is effectively taxed in your hands the same as any bonus employment income would be; i.e. it isn't afforded tax treatment equivalent to capital gains income. Your employer and/or ESPP administrator are best able to confirm the conditions which led to no amount in your box 39, but at least based on above you can see there are legitimate cases where box 38 would have an amount while box 39 doesn't.


"> Sweden is on the verge of a housing bubble   So now we are not taking about economy, but real estate?   I am think you might be getting tax policy confused with real estate stability. After all, your [Bahamas](https://www.globalpropertyguide.com/Caribbean/Bahamas/Price-History) is not exactly real estate stable right now.  Look, I get the fact you don't like taxes. If I were to guess, you are living at the edge of your budget and really feel those income taxes. You are angry, and think this ""liberal agenda"" is what is holding you back.   The problem is that the opposite holds true. It is no coincidence that many liberal countries do well economically. When people's basic needs are taken care of, they have much more freedom to create and innovate.   And they opposite is true too. Kansas just underwent a huge tax experiment, and had one of the biggest, business friendly, tax cuts in recent history. Instead of spring growth, it actually hurt the economy. They weren't from a hundred million surplus in their budget to an almost $2B defecit overnight. The economy didn't explode either, it lagged.   Meanwhile, it's close but more liberal neighbor Missouri faired better even though they didn't change their tax policy. What is the difference? People tend to do better when they know their basic needs are going to be covered.  I would recommend you take some time to actually go visit these countries that you look down on for their stringent tax policy. Go talk to their people - *in* their country. I think you are forming opinions based on our experiences, which don't exactly reflect all experiences."


The Greece debt crisis started after the Global financial crisis. Let's say 2008 they were indebted with 103 % of their annual Economic Output ( GDP ). This rose to 175 % of GDP in 2013. Different reasons.   * their GDP dropped about 1/3 from '08->'13 * economy based on olive oil and tourism was unsustainable * huge public service sector ( military and ministries)   Greece could not be trusted to pay back loans, so the European Union had to jump in to be a lender of last resort. In the middle of this year, they finally offered the first tranche of treasuries. So they are slowly coming back to be stabilized.  But Change is slow. They are still above 175 % of GDP in debt. They still have negative growth and they still need to rely on help from Allies.   Now that the German elections are over, you might hear something about the crisis again. I think there is supposed to be negotiations about future aid for Greece.  Greece already had substantial hidden debt cuts( extension of their bay back period and so on). But you since it is a political subject, you can only do so much till the politicians start to fear a backlash from their constituents.


> I'm not so sure that performance measurement of students is all that difficult  You assume that student performance is a good proxy for teacher performance. One of the bigger influences on student performance is parent engagement (particularly the parent engagement that happens prior to school age, but also the engagement once they're in school). Often these differences run along socioeconomic lines, and schools are generally divided on neighborhood lines with students attending the school closest to their home.  If you judge based on student performance, you'll likely assume that the teachers in the richer neighborhoods are better (students perform better on standardized tests, students are more likely to graduate high school and even go on to college, etc). The fact is, there's a lot of good teachers who take the hard jobs because even a little improvement can go a long way. Put those same teachers in the richer neighborhoods and you might judge things differently.


"This is the best tl;dr I could make, [original](http://www.reuters.com/article/us-usa-debt-mulvaney-idUSKBN1962BR?il=0) reduced by 75%. (I'm a bot) ***** > WASHINGTON The White House has not settled on a plan for working with Congress to raise the federal debt limit, U.S. budget director Mick Mulvaney said on Thursday, even as the deadline loomed for the government to increase its borrowing authority.  > The White House has sent mixed signals on how the debt limit should be handled by lawmakers.  > Mulvaney, a conservative Republican, was well known for pushing to use the debt limit as leverage to get spending cuts during his time in Congress before he was tapped to be budget director.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6hh0dy/white_house_does_not_yet_have_plan_on_debt_limit/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~145260 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **debt**^#1 **limit**^#2 **Mulvaney**^#3 **Congress**^#4 **White**^#5"


>But suppose all the employers do this, so now there are no employer-provided health plans,  Which means the insurance bought by employees must get a whole lot cheaper, I guess, as there would be direct competition and lots of shopping around.  >, and ten or twenty years down the line they've all just taken advantage so that wages haven't kept up  So the employers suddenly don't need to compete on the employee marketplace? I mean in times with high unemployment not, but this is orthogonal to this - in times with high unemployment they don't need to compete with benefits either, I guess?  Although in reality I agree with you, let me offer a different but supporting perspective: it is much easier to haggle a salary than to haggle anything else. I've always lived in European countries with different amounts of government-mandated paid holidays and I have never ever heard of a person who succesfully haggled a week of extra holiday in his package, or a VIP-level additional private health insurance above the basic social-security-paid one (the one that gets people more comfortable hospital rooms and better hospital food etc. - if people buy it here, they always buy it privately, not by the employer),  or really anything but money. The only extra I ever heard about is the private usage of a company car, and even that is rare, and that has more to do with easier accounting than anything else. Sometimes people get lunch tickets, but that is usually because they are tax-free.  I don't know why, but it seems to be the general law: either the government mandates some non-monetary benefit, or the employer decides to provide it because of competition, but people privately can pretty much never haggle for it, not even when they are badly needed. Strange.  A possible explanation: business are used to buying stuff with a simple monetary price. As a buyer, you have no other responsibilities than to pay. For example a programming company will not demand that the client gives them a detailed specification, they will gladly write one, for a price. So if anyone comes and tries to sell something, and wants anything else but money, it gets weird. And I figure it is the same for employees.


Interesting to see that Amazon is blamed for gentrification in Seattle.  That means more people with more money to put into real estate in previously cheap neighborhoods.  The alternative is to not pay your staff as much.  I would think that paying employees enough to buy and fix homes is a good thing.


As opposed to our constant and unrelenting inflation, yes.  Under normal circumstances, I'd rather neither.  But honestly, right now, yes I think deflation would not be terrible.  As I said, prices would decrease, it would ease the burden on lots of families and it would take years of non-stop deflation before wages fell.  So yes, in the short term.


I definitely want it, all of my cash that i've accumulated goes into my brokerage but I just wanted to check that in can be done.  I just wanted to see if anyone knew anyone personally or anything like that because most of the time it's people e-bragging or bullshitting to make them seem like something.  I also wanted to see if it is still feasible with all of the algo trading and stuff that has been dominating the market versus an individual trader.  Thanks for your reply though, I like the analogy a lot.


"Share sales & purchases are accounted only on the balance sheet & cash flow statement although their effects are seen on the income statement. Remember, the balance sheet is like a snapshot in time of all accrued accounts; it's like looking at a glass of water and noting the level.  The cash flow and income statements are like looking at the amount of water, ""actually"" and ""imaginary"" respectively, pumped in and out of the glass. So, when a corporation starts, it sells shares to whomever.  The amount of cash received is accounted for in the investing section of the cash flow statement under the subheading ""issuance (retirement) of stock"" or the like, so when shares are sold, it is ""issuance""; when a company buys back their shares, it's called ""retirement"", as cash inflows and outflows respectively. If you had a balance sheet before the shares were sold, you'd see under the ""equity"" heading a subheading common stock with a nominal (irrelevant) par value (this is usually something obnoxiously low like $0.01 per share used for ease of counting the shares from the Dollar amount in the account) under the subaccount almost always called ""common stock"".  If you looked at the balance sheet after the sale, you'd see the number of shares in a note to the side. When shares trade publicly, the corporation usually has very little to do with it unless if they are selling or buying new shares under whatever label such as IPO, secondary offering, share repurchase, etc, but the corporation's volume from such activity would still be far below the activity of the third parties: shares are trading almost exclusively between third parties. These share sales and purchases will only be seen on the income statement under earnings per share (EPS), as EPS will rise and fall with stock repurchases and sales assuming income is held constant.  While not technically part of the income statement but printed with it, the ""basic weighted average"" and ""diluted weighted average"" number of shares are also printed which are the weighted average over the reporting period of shares actually issued and expected if all promises to issue shares with employee stock options, grants, convertibles were made kept. The income statement is the accrual accounts of the operations of the company.  It has little detail on investing (depreciation & appreciation) or financing (interest expenses & preferred dividends)."


Well first off these are supply chain workers striking, not cashiers. And while I agree that all of the skills you describe are useful for smaller stores, Wallmart has devised systemic solutions like loss prevention departments and more registers to compensate for slow, unobservant cashiers.


There is little difference.  A paycheck is a type of check used to pay wages.  These days many people opt for direct deposit.  So, the term paycheck can also refer to the payment itself: 1: a check in payment of wages or salary 2: wages, salary http://www.merriam-webster.com/dictionary/paycheck


"You sound like Mayor Bloomberg crying to Occupiers not to ""be so hard"" on the banks, because they're ""job creators"". If they're a crappy company, we don't need their crappy jobs.  Think of all the unfortunate hedge fund managers who lost their jobs in 2008.  Shed any tears for them?  I couldn't name you half a dozen people that would shed even one."


"Everything that I'm saying presumes that you're young, and won't need your money back for 20+ years, and that you're going to invest additional money in the future. Your first investments should never be individual stocks. That is far too risky until you have a LOT more experience in the market. (Once you absolutely can't resist, keep it to under 5% of your total investments. That lets you experiment without damaging your returns too much.) Instead you would want to invest in one or more mutual funds of some sort, which spreads out your investment across MANY companies. With only $50, avoiding a trading commission is paramount. If you were in the US, I would recommend opening a free online brokerage account and then purchasing a no-load commission-free mutual fund. TD Ameritrade, for example, publishes a list of the funds that you can purchase without commission. The lists generally include the type of fund (index, growth, value, etc.) and its record of return. I don't know if Europe has the same kind of discount brokerages / mutual funds the US has, but I'd be a little surprised if it didn't. You may or may not be able to invest until you first scrape together a $500 minimum, but the brokerages often have special programs/accounts for people just starting out. It should be possible to ask. One more thing on picking a fund: most charge about a 1% annual expense ratio. (That means that a $100 investment that had a 100% gain after one year would net you $198 instead of $200, because 1% of the value of your asset ($200) is $2. The math is much more complicated, and depends on the value of your investment at every given point during the year, but that's the basic idea.) HOWEVER, there are index funds that track ""the market"" automatically, and they can have MUCH lower expense fees (0.05%, vs 1%) for the same quality of performance. Over 40 years, the expense ratio can have a surprisingly large impact on your net return, even 20% or more! You'll want to google separately about the right way to pick a low-expense index fund. Your online brokerage may also be able to help. Finally, ask friends or family what mutual funds they've invested in, how they chose those funds, and what their experience has been. The point is not to have them tell you what to do, but for you to learn from the mistakes and successes of other experienced investors with whom you can follow up."


Incorrect. However, as the head of the organization, he bears the lion's share of responsibility for what the organization does or fails to do.  At the very least he has displayed a criminal level of negligence and incompetence. I find it hard to believe that someone so incompetent would be selected to run a multi-billion dollar enterprise, which leads me to believe that there is some level of complicity between Corzine and those who were more directly in charge of this fraud.


True economy consists in always making the income exceed the out-go. Wear the old clothes a little longer if necessary; dispense with the new pair of gloves; mend the old dress; live on plainer food if need be; so that, under all circumstances, unless some unforeseen accident occurs, there will be a margin in favor of the income. A penny here, and a dollar there, placed at interest, goes on accumulating, and in this way the desired result is attained. It requires some training, perhaps, to accomplish this economy, but when once used to it, you will find there is more satisfaction in rational saving, than in irrational spending. Here is a recipe which I recommend; I have found it to work an excellent cure for extravagance, and especially for mistaken economy: When you find that you have no surplus at the end of the year, and yet have a good income, I advise you to take a few sheets of paper and form them into a book and mark down every item of expenditure. Post it every day or week in two columns, one headed “necessaries” or even “comforts,” and the other headed “luxuries,” and you will find that the latter column will be double, treble, and frequently ten times greater than the former. The real comforts of life cost but a small portion of what most of us can earn. Dr. Franklin says “it is the eyes of others and not our own eyes which ruin us. If all the world were blind except myself I should not care for fine clothes or furniture.” It is the fear of what Mrs. Grundy may say that keeps the noses of many worthy families to the grindstone. In America many persons like to repeat “we are all free and equal,” but it is a great mistake in more senses than one.


What are your thoughts on companies like Gilead Sciences and Danaher? Over decades they have shown to make astute acquisitions.   Do you believe such companies have an institutional decision-making framework that fights against the principal-agent problem you are alluding to?  For context:  Around the turn the century Gilead bought an HIV drug that became the backbone of a combination therapy they used to gain >90% market share for more than a decade and a half. Second, circa 2013, they bought Pharmasset for ~$11 billion, and since 2014, drugs containing Pharmasset's backbone generated greater than $40 billion in revenue for Gilead.


With the formula you are using you assume that the issued bond (bond A) is a perpetual. Given the provided information, you can't really do more than this, it's only an approximation.  The difference could be explained by the repayment of the principal (which is not the case with a perpetual). I guess the author has calculated the bond value with principal repayment.  You can get more insight in the calculation from the excel provided at this website: http://breakingdownfinance.com/finance-topics/bond-valuation/fixed-rate-bond-valuation/


This is no surprise whatsoever...   1. Cisco Products we bought 2 years ago are broken in new internet browsers (not a problem on TPLink or DLink). If it was price competitive, it would be ok, but Cisco aren't!   2. We needed 35 large switches for a job. Cisco's pricing was DOUBLE the pricing of TPLink. Cisco was not willing to match (and must be incredibly arrogant to believe that their products are that amazing)    3. Easy-To-Deal-With Distributors here never got Cisco stock when we need it.  4. Cisco's website is HORRIBLE for information. If you need Cisco info, you let Google find it on Cisco's website.   Sorry, but we ALL knew this was coming..   You pay for the brand name these days. NONE of those 35 TPLINK switches have failed in the past year, even in the middle of summer, where those hallways we installed them don't have AC and can reach >40deg C, despite costing half the price. Cisco needs to stop treating their products as an exclusive/premium club (that's the same reason why Android was able to cut into iOS's marketshare so quickly too).


Louis Ottimo has always been a controversial character within the securities industry, cited and sanctioned for fraud and misrepresentation, who has had many liens and bankruptcies, and was officially barred for life from the industry by FIRNA in 2017.  He filed personal bankruptcy in 2016 despite being the alleged shadow president of Cold Spring Advisory Group. Just search Louis Ottimo for more information.


" The western press wants to make much of the lack of human rights in China, but in 8,000 kilometers of travel we were stopped only a couple of times at checkpoints, whereas as we crossed the Stans—our fast allies—we were stopped scores and scores of times by heavy-handed police. Here in China everyone is too busy making money to poke his nose into anyone else’s business.   And "" While many foreigners who have invested in China may have lost money through ill-conceived investments, you’d never believe it by the bustling economic activity we observed on our cross-China journey. For a long, long time I’ve been enthusiastic about China’s prospects. For many years I’ve urged my friends to teach their children Chinese, as I believe the 21st century will be as much China’s as the 19th century was Britain’s and the 20th century was America’s. For all these years I’ve been waiting patiently for the hibernating dragon to awaken.""  And my googling skills appear to be lost - he did acknowledge that China has poor human rights record but so did US during 19th century"


TrumleThinnSkins government is frozen like a rabbit in the Head lights, he is unable to move or make any meaningful decisions, all he can do is break stuff other people spent time to build, the only storm coming is the massive fart he is going  to let out as all the hot air escapes his saggy white moronic buttocks.


Diversified is relative. Alfred has all his money in Apple.  He's done very well over the last 10 years, but I think most investors would say that he's taking an incredible risk by putting everything on one stock. Betty has stock in Apple, Microsoft, and Google.  Compared to Alfred, she is diversified. Charlie looks at Betty and realizes that she is only investing in one particular industry.  All the companies in an individual industry can have a downturn together, so he invests everything in an S&P 500 index fund. David looks at Charlie and notes that he's got everything in large, high-capitalization companies.  Small-cap stocks are often where the growth happens, so he invests in a total stock market fund. Evelyn realizes that David has all his money tied up in one country, the United States.  What about the rest of the world?  She invests in a global fund. Frank really likes Evelyn's broad approach to equities, but he knows that some portion of fixed-income assets (e.g. cash deposits, bonds) can reduce portfolio volatility—and may even enhance returns through periodic rebalancing. He does what Evelyn does, but also allocates some percentage of his portfolio to fixed income, and intends to maintain his target allocations. Being diversified enough depends on your individual goals and investing philosophy.  There are some who would say that it is wrong to put all of your money in one fund, no matter what it is.  Others would say that a sufficiently broad index fund is inherently diversified as-is.


"If I was wrong please let me know how so I can learn for next time. This is way off-topic for Money.SE, but I feel compelled to offer my advice. Feel free to downvote and I'll consider deleting (or flag for migration). The mistake you made was not discussing it with your fiancée before turning down the offer.  You are not married yet, but you have made a commitment that should mean that your decisions affect each other for the rest of your lives. She may be more hurt that her opinion wasn't considered in your decision.  That doesn't mean that she makes the decision for you, but it was a perfect opportunity to make a decision together that affects both of you. Where you saw risk and uncertainty, she saw opportunity.  Neither is ""correct"" - only two sides of the same coin.   Hopefully it's an experience that you both can learn and grow from."


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"In my company, we have custom Z reports + APO + Tableu + BW + BI + Cognos + Fico reporting tools + Hyperion + others.  ... and there's still no company wide definition for Net Sales versus Gross Sales.  This is all to show you that too many ""finance"" people who don't know much about finance are relying on tools to do the work for them... and each tool gives different numbers.  So I love it when I (in IT management) get called to explain why tool A gave a different number from tool B and when I find out, usually that both tool A and B have it wrong, you should see their faces."


"You are not the only one with this problem. When Intuit changed their pricing and services structure in 2015 a lot of people got angry, facing larger fees and having to go through an annoying upgrade just to get the same functionality (such as Schedule D, capital gains). You have several options: (1) Forget Turbo Tax and just use paper forms. That is what I do. Paper is reliable. (2) Use forms mode in Turbo Tax. Of course, that may be even more complicated than simply filing out paper forms. (3) Use a different service. If your income is below $64,000 the IRS has a free electronic filing service. Other online vendors have full taxes services for less than Turbo Tax. (4) Add the amount to ordinary income. Technically, as long as you report the income, you cannot be penalized, so if you add the capital gain to your ordinary income, then you have paid taxes on the income. Even if they send you a letter, you can send an answer that you added it to ordinary income and that will satisfy them. Of course you pay a higher rate on your $26 if you do that. (5) If you are in the 15% or below income bracket you are exempt from capital gains, and you can omit it. Don't believe the nervous Nellies who say the IRS will burn your house down if you don't report $26 in capital gains. Penalties are assessed on the percentage of TAXES you did not pay (0.5% penalty per month). Since 0.5% of $0 is $0 your penalty is $0. The IRS knows this. The IRS does not send out assessment letters for $0. (6) Even if you are above the 15% bracket, there is likelihood it is still a no-tax situation (see 5 above). (7) Worst case scenario: you are making a million dollars per year and you omit your $26 capital gains from your return. The IRS will send you an assessment letter for about $10. You can then send them a separate check or money order to pay it. In all honesty I have omitted documented tax items, like taxable interest, that the IRS knows about many times and never gotten an assessment letter. Once I made a serious math error on my return and they sent me an assessment letter, which I just paid, end of story. And that was for a lot more than $26. The technical verbiage for something like this in IRS lingo is CP-2000, underreported income. As you can see from this official IRS web page, basically what they do is guess how much they think you owe and send you a bill. Then you pay it. If you do so in time, you don't even get a 0.5% interest penalty on your $6.75 owed or whatever it is. (8) Go hog wild. As long as you are risking an assessment on your $26, why not go hog wild and just let the IRS compute all your taxes for you? Make a copy of your income statements, then mail them to the IRS with a letter that says, ""Hi, I am Mr. Odinson, my SSN is XXX-XX-XXXX. My address is XYZ. I am unable to compute my taxes due to a confused state of mind. I am hereby requesting a tax assessment for the 2016 tax year."" Make sure you sign and date the letter. In all probability they will compute the full assessment and send you a bill (or refund)."


"I would be wary of having coins in containers with cardboard. Ideally you want the coins to be in an airtight envelope made of plastic to minimize any chance of oxidation or reaction with chemicals in the air. Cheap, retail coins like you would find in a Whitman collection are not generally going to hold value well. Sometimes you can sell a collection and break even if you have a nice complete set, but in general  VF coins with common dates will not appreciate at all. Investment coins usually are high-priced items that sell for thousands each, not the sort thing you find in Whitman folders. In general, collectibles are bad investments in the US because IRS rules tax gains as ordinary income. So, unless you sell them under the table or have really low income, you lose a lot of your profit. If you enjoy collecting, focus on the fun of it, worrying about investment in coin collections is a joy killer. A Parting Anecdote... When I was a kid I painstakingly assembled a lot of BU rolls, because that was the hot thing back then. I wrote on them ""DO NOT OPEN FOR 10 YEARS"". You know how much a 1980 BU roll of Lincoln cents is worth now, 40 years later? $2.00 on eBay. Some days I spend more on lunch than the worth of my entire Lincoln cent collection."


I use the following: DealNews.com - A general deals site. SlickDeals.net - A general deals site.  Lots of activity in their forums. CheapAssGamer.com - Great for gaming deals.  They have a price tracker that shows the best prices for a game across multiple stores. Groupon.com - A deal of the day type site. RetailMeNot.com -  A coupon code aggregator. TheFind.com - A shopping search site.  You can filter for free shipping, sales, or coupons. IMShopping.com - A site that lets you submit a description of the item you're looking for.  Actual humans respond with links to the best deals that they could find.  I've had good results.


Most big commercial brokerage houses are always hiring and more often than not you will be able to at least score an interview to work in their research/marketing department. Once in the door, it would be much easier to network from the inside as you get to know brokers and their teams. Companies like CBRE, HFF, Marcus & Millichap, JLL, Berkadia, & Cushman & Wakefield would all be good places to look. The fact you have some hospitality management experience is a plus. These company's are hungry for talent that show initiative and interest in the field. Lead with your strengths.


Use some form of escrow agent: Some freelancer sites provide payment escrow services (e.g. E-Lance). In this system the client puts money in escrow for the project in advance and then when they accept the project it forwards the payment to the provider. Progress Payments Arrange a progress payment approach with the client where they pay at certain milestones rather than a single payment at the end of the project. Ideally you would have them pre-pay for each milestone before you start work on it. However, you could ask for payment after each milestone, which might be easier to sell to your client. It does leave some risk, but minimizes that risk somewhat.


No you will not be taxed for the money in account 2. You have already paid for the tax on the money saved. There is no interest earned on the amount and hence it is not taxed. In UK the interest on ISA [Individual Savings Account] is not taxable as well. Hence you may even transfer the money to account 2 that is an ISA and not a current account.


I think you're underestimating the cost of moving people. People are actually not that mobile  It's also not just a matter of finding new developers/engineers/team to work with. There's often a lot of knowledge that people will have, that is not easily replaceable (which is why retention is a very big issue in the software industry).    Whether subsidies/tax breaks is an effective way of incentivizing a high tech economy; I don't if it's true (although I'm not an economist). There's a really interesting interview Jon Stewart had with Edward Conard (from Bain Capital) about these sorts of incentives: [here](http://www.thedailyshow.com/extended-interviews/415035/playlist_tds_extended_edward_conard/414980). Worth watching all of it, but the crux of the argument is at 4:45


The methodology leads me to believe the pollsters were setting up a poll for the sole purpose of getting a headline like this.   For one, the pollsters eliminated anyone who didn't graduate with a 4-year degree, thus disqualifying anyone who has student loan debt but may have graduated with a lesser degree, or didn't graduate at all. I would assume (probably safely) that people with a 4-year degree are, on average, in a more financially stable situation than those who were disqualified from the poll, and this would be more likely to worry about other things rather than paying student loan debt.   For two, the poll was commissioned by LendEDU, a refinancing startup that could use the publicity of student loan anxiety to drive more business. Having a clickbaity article like this on a relatively popular site like the Examiner that links straight to their website is just what a startup would love to have to get free marketing.


"It sounds like you're basing your understanding of your options regarding financing (and even if you need a car) on what the car salesman told you.  It's important to remember that a car salesman will do anything and say anything to get you to buy a car. Saying something as simple as, ""You have a low credit score, but we can still help you."" can encourage someone who does not realize that the car salesman is not a financial advisor to make the purchase. In conclusion,"


**Twenty-fifth Amendment to the United States Constitution**  The Twenty-fifth Amendment (Amendment XXV) to the United States Constitution deals with succession to the Presidency and establishes procedures both for filling a vacancy in the office of the Vice President as well as responding to Presidential disabilities. It supersedes the ambiguous wording of Article II, Section 1, Clause 6 of the Constitution, which does not expressly state whether the Vice President becomes the President or Acting President if the President dies, resigns, is removed from office, or is otherwise unable to discharge the powers of the presidency. The Twenty-fifth Amendment was adopted on February 10, 1967.  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/economy/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot)   ^] ^Downvote ^to ^remove ^| ^v0.24


Meh?  Kinkos was bought by fedex in 2004. So it is really a combination of many things. [FedEx did win the USPS contract to handle Global Express Guaranteed Service](http://printmediacentr.com/2011/09/shipping-with-the-enemy-usps-partners-with-fedex/)  [Fedex also runs the overnight services an more](http://www.dmnews.com/fedex-usps-partnership-off-to-flying-start/article/74431/) FedEx pushes costly end delivery to USPS through SmartPost and yes FedEx owns kinkos and they charge $5 for a .20 box.


"Bitcoin will never come back down; it's a *limited commodity* that is tradable like a currency. Since it's a commodity, it will always have value and since it's a limited commodity, that value will always go up.  Disclaimer: by ""come back down"" I meant back down to the $3 a coin it was at when it hit it's first spike *without* being obsoleted. Not the current $5000 shenanigans; this is just part of it's market cycle."


Cryptocurrencies like Bitcoin or Ethereum. Then check their prices daily. With daily price swings of over 10% (both up and down) being a common occurrence, you'll quickly learn how high your risk tolerance really is. :) A lot of IT people believe that cryptocurrencies will stay. Whether Bitcoin or Ethereum will be among them is anyone's guess. Compare to the Dotcom boom, which will be Amazon.com and which will be Pets.com?


If you want to stay in the sub 30% range to avoid 'high utilization' on your card, make sure your credit is > 3.33x your usage.  For your numbers, a 2500 limit would probably keep you out of 'high utilization'. The primary reason to do this is to stay off your lender's 'high risk' list.  Due to the risk perceived by CCC's, accounts with greater than 30% utilization are reported as high utilization. Keep in mind that utilization does not have a history.  So you can drop your utilization a couple of billing cycles before you apply for a high cost item (e.g. car or house) and your score should bump up a bit.


"You gave your own answer - the 80% is positions, not contracts. Most actors on the option market have no interest in the underlying asset. They want ""just"" exposure to its price movement. It makes more sense to close your position than to be handed over bushels of wheat or whatever."


He can do an internet bank transfer from his/her account to yours, a direct deposit at a branch of your bank, use PayPal, which should allow such an amount or similar methods. $7000 is not considered a large amount these days and should be quite easy to execute in a number of ways.


An often neglected market segment, plus size fashion is finally getting its due. Leading Asian designer apparel stores in the UK are offering a wide variety of outfits including party wear, bridal wear and casual wear that flatter women of all sizes and shapes.


Because, without the govt backstopping/guaranteeing that your local liberal arts degree student will have money to pay for their education, banks who make loans would have to worry about the student's ability to repay those loans. The likelihood goes up dramatically for STEM majors so ergo, there would be fewer non-STEM majors because those majors would have to be, more than now, self funded.


"There will be no police involved. The police do not care. Only the feds care, and they only care about large amounts (over $100,000). What will happen is that the teller will deposit the money like nothing is unusual, but the amount will trigger a ""Suspicious Transaction Report"" to be filed by the bank. This information goes to the US Treasury and is then circulated by the Treasury to basically every agency in the government: the Department of Defense, the FBI, the NSA, the CIA, the DEA, the IRS, etc. What happens next depends on your relationship with your bank and the personality of the bank. In my case I have made large cash transactions at two different banks, one that I had a long relationship with, and another that I had a long-standing but dormant account. The long-term one was a high end savings bank in a city. The dormant one was one of those bozo retail banks (think ""Citizens"" or ""Bank of America"") in a suburb. The long-term bank ignored my first deposit, but after I made some more including one over $50,000 in cash they summoned me via a letter. I went in, talked to the branch manager and explained why I was making the deposits. He said ""That sounds plausible."" and that was the end of the interview. It is unlikely that they transferred the information. They probably just wrote it down. They did this because they have ""know your customer"" regulations and they wanted to be able to prove that they did ""due diligence"" in case anybody asked about it later. The suburban bank never asked any questions, but they did file the STRs. In general, there is no way to know if the bank will interview you or not. It depends on a lot of different factors. The basic factors are: how much money is it, are you doing a lot of business normally, and how well does the bank know you. If you refuse to answer the bank's questions to their satisfaction, it is a 100% chance that they will close your account. They can also file higher level reports that flag your activity as ""highly suspicious"" as opposed to just the normal ""suspicious"". As long as it is a bank employee, you should have no serious concerns unless the guy seems strange and asks really pointed questions. If you have any question whether the ""employee"" is legitimate, just verify that he/she is a bank employee. Obviously if the feds visit you, you should say nothing. The chance of this happening is 1 in a million."


Probably more if the interest rate is above 0%. If it's too much, just pay span the payments longer, or get a cheaper car. Nice thing, assuming you keep it bone stock (or even tastefully modded, or even fully modded), you'll have no problem selling to some rich teenager. They hold their value.


E' il sito web di un broker delle certificazioni di sistema, basta compilare il FORM dei contatti per ottenere subito e senza impegni fino a 4 preventivi specifici, ritagliati sulle proprie esigenze e dimesnioni aziendali. Un'ottima soluzione per risparmiare fino al 30% sui **costi della Iso 9001** e ottenendo il certificato di **Qualità**  in tempi rapidi!


Share options. If you get options on £200,000-worth of a company and then its share price increases five-fold then you make £800,000, which is often taxed more favourably than salary.


The relevant page of the CRA's 2016 General Income Tax and Benefit Guide explains how to donate money to the federal debt servicing and reduction account. The guide writes: To make a gift to this account, make it payable to the Receiver General, and send it with a note asking that we apply it to this account, to: Place du Portage   Phase III, 11 Laurier Street   Gatineau, Quebec   K1A 0S5 Donations are tax-deductible: they'll send you a tax receipt.


There is some advantage to putting your house downpayment in the Roth to get tax-free growth. However this advantage is offset by the risk of the investment losing value in the short period before you take advantage of it. You might go this route if the timeline is greater than 5 years and you use a conservative investment vehicle.


Usually when a company is performing well both its share price and its dividends will increase over the medium to long term. Similarly, if the company is performing badly both the share price and dividends will fall over time. If you want to invest in higher dividend stocks over the medium term, you should look for companies that are performing well fundamentally and technically. Choose companies that are increasing earnings and dividends year after year and with earnings per share greater than dividends per share. Choose companies with share prices increasing over time (uptrending). Then once you have purchased your portfolio of high dividend stocks place a trailing stop loss on them. For a timeframe of 1 to 3 years I would choose a trailing stop loss of 20%. This means that if the share price continues going up you keep benefiting from the dividends and increasing share price, but if the share price drops by 20% below the recent high, then you get automatically taken out of that stock, leaving your emotions out of it. This will ensure your capital is protected over your investment timeframe and that you will profit from both capital growth and rising dividends from your portfolio.


I think you should try to talk with the credit union at your campus first, they may have offer you a credit card even you don't have any credit history.


"i would add only -- and you alluded in this direction, but to clarify -- that barter economies rarely ever exist. if you ask an economist about the origin of money, they usually offer thus barter-to-credit story because Adam Smith hypothesized this line of development. it subsequently became ""true"", even though there was no evidence for it.   anthropology has come a long way since Smith lived, and we now know that early societies were communal, as in from each according to their means, etc. the term of art is ""gift economy"", where there are no tallies or accountings of who owes exactly what but rather a general sense of mutual obligation.  accounting, credit and debt as we think of them were a result of dealing with people you did not trust. money, being a debt, arose from this mistrust and was typically only used to settle the most serious matters -- stolen wives, murder, etc. -- in a way that could prevent deadly conflict by protecting the honor of the aggrieved. money was intended to ""replace"" the lost person.   money, debt and the rest have come in and out of fashion over the ages -- the efficiency argument is really null, if you consider a gift economy, and there have been prolonged periods since the first use of metallic money in which money has gone away. for most of the middle ages, for example, europe reverted to credit and gift economies. anthropologists believe in fact that the use of money comes to typically prevail in societies that are rife with mistrust and ""lost persons"" -- that is, societies plagued by war and slavery (slaves being historically one of the primary products of war). the rise of money usually brings the rise of a creditor class, a debtor class who approximate slaves even though not losers in war per se, and a terrific amount of social strife. and that leads often to collapse if not addressed by periodic debt jubilees."


I would think you need proof that you actually bought it when it was cheaper, but that's a guess. You are supposed to pay the capital gains tax on bitcoin gains, same as if you made money on a stock  https://www.google.com/amp/s/www.forbes.com/sites/greatspeculations/2017/02/21/if-you-traded-bitcoin-you-should-report-capital-gains-to-the-irs/amp/


Have you seen their latest patent that if you search an item on your phone in a retail store it redirects you to an Amazon page or tells a supervisor to assist you. They are trying to block people from checking prices. Look it up


I think one of the problems is bubbles convince people that they aren't in a bubble. Happens over and over and over. People standing back and saying, you know this might be a bubble get ignored most of the time right until it is too late.   There have been bubbles for a loong time and in so many things it seems silly that people don't spot them near immediately.


Interesting recent in depth article on sears hldg.  http://www.crainsdetroit.com/article/20111228/FREE/111229931  I wonder how sears is supposed to compete with everyone from walmart to home depot. For its size, it is insanely cheap(shld = $3.5B, wmrt = $205B). But who needs more mediocre retail space? I suppose it could be acquired for a bunch of reasons: assets, elimination as a competitor, threaten another major player, etc.


There is already large demand for new jobs. There is also a large labor supply available for jobs. When the buyer (employer) meets the price of the seller (employee), a job is created. The reason there is not 100% employment is that not every employee is willing to work for what they can get, and not every employer is willing to pay what an employee is willing to work for.


In principle, a default will have no effect on your bank account. But if the US's credit rating is downgraded, the knock-on effects might cause some more bank failures, and if the debt ceiling is still in place then the FDIC insurance might not be able to pay out immediately.


I had a situation like this also. A client deposited an IRA check to his local P.O. prior to collection p/up, thinking this meant it would be postmarked April 15. It may have been picked up, but wasn't postmarked until the next day, and my firm refused to consider it as timely. I do remember discussing it w/my Retirement Services Dept. Maybe they made an exception for me and my client, but maybe not. I don't remember. Good luck.


It's just the downvotes that annoy me. But no, of China were to ban all apple products, the people will go apeshit crazy. Where else are they going to get their phones from? You can ask anyone in China what their opinion would be if the government ever tried that. Also, Xi fagface is trying to make his popularity higher, and the more censorship he imposes on the people, the more they get fed up with him. Maybe dozens of factories, but tens of thousands of workers. Additionally, the Chinese people play a lot of games because they hate work and all that stuff. There's this game they play it's called strike of kings, basically a moba that's a copy of league but on mobile. If the government banned the AppStore than how would the generally population update that game for the new champions etc? And by general population I'm saying almost everyone who has an iPhone. You don't know how many hours people spend on that game.   But yeah, I feel like since I live in China and understand the general opinion I know better. There is just no way that China could ban apple.   Yeah kudos to you to with the calm reply, I grew up in Australia


Hedge funds are typically just funds structured and operated in a way that make them exempt from various securities regulations, most notably the Investment Company Act of 1940 and the Investment Advisers Act of 1940.  This allows them to operate freely of restrictions on traditional fund such as those related to management compensation, public disclosures, investor liquidity, and portfolio concentration and use of leverage.  In order to achieve this, hedge funds are typically open only to a limited number of wealthy or sophisticated investors and are restricted in how and to whom they can advertise.


"I loved handling those complaints.  Mostly for the times that the customer didn't have a leg to stand on.  People would sound so smug when I called them about their regulatory complaint until I got to tell them they were shit out of luck.  ""I researched your complaint and account...you have refused to pay for 8 months of services rendered over a $2 bill discrepancy, which actually was a valid charge...also I see that this is your fifth complaint when we have only received payments, hmm it seems three times over a year and a half.  We are actually going to shut your service off and cancel your account so it can go to collections."""


I froze my credit online yesterday.  Last page of process confirmed I had frozen credit and told me to print last page because it has information I will need to unfreeze it.  Page was blank. So I waited. Then I got timed out.  Then I got a page telling me I had not frozen my credit.  I had called a few times yesterday but always got a busy signal.  So, at 5:06 est I called them again. Before patching me through to a live person that asked if I'd be willing to take a short survey after speaking with rep, which I agreed to do.  When my call was transferred I got a message saying they worked nine to five and to call back later.  Then the survey started.  Needless to say, the scores were the lowest possible.  And apparently unfreezing my credit will be problematic.  Yippee!


"If this is truly hobby income (you do not intend to operate as a business and don't have a profit motive) then report the income on Line 21 (""other income"") of form 1040.  If this is a business, then the income and expenses belong on a Schedule C to form 1040. The distinction is in the treatment of profits and losses - your net profits on a business are subject to self-employment tax, while hobby income is not. Net losses on a business are deductible against other income; net losses on a hobby are miscellaneous itemized deductions in the ""2%"" box on Schedule A.  From a tax point of view, selling apps and accepting donations are different. Arguably, donations are gifts; gifts are not taxable income.  The hobby/business and income/gift distinctions are tricky. If the dollar amounts are small, nobody (including the IRS) really cares. If you start making or losing a lot of money, you'll want to get a good tax person lined up who can help you decide how to characterize these items of income and expens, how to put them on your return, and how to defend the return on audit if necessary."


"There are a few other items that you should be aware of when getting options: The strike price is usually determined by an independent valuation of the common shares (called a 409a valuation). This should give you a sense on what the options are worth. Obviously you are hoping that the value becomes many multiple of that. There are two kinds in the US: Non-quals (NQO) and Incentive Stock Options (ISOs).  The big difference is that when you exercise Non-quals, you have to pay the tax on the difference between the ""fair"" market value on the shares and what you paid for them (the strike price).  This is important because if the company is private, you likely can not sell any shares until it is public. With ISOs, you don't pay any tax (except AMT tax) on the gain until you actually sell the shares.  You should know what kind your getting. Some plans allow for early exercise, essentially allowing you to buy the shares early (and given back if you leave before they vest) which helps you establish capital gains treatment earlier as well as avoid AMT if you have ISOs. This is really complicated direction and you would want to talk to a tax professional.  And always a good idea to know how many total shares outstanding in the Company. Very few people ask this question but it is helpful for you to understand the overall value of the options."


Your capital gain is about $40K, which (assuming your total income is under $250K) is taxed at 15% long term capital gains rate. Additional depreciation recapture of approximately $5K is taxed at 25%. So this gives us rough estimate of $7250 tax. This is Federal tax, AZ rates are somewhere between 2% and 4%, so you'll be looking at some $1.6K additional tax to AZ. If you have accumulated rental losses or other expenses, it will lower the total amount of your gain (and, accordingly, the taxes). This is all very rough estimates, and you shouldn't rely on this but verify on your own or with a professional. I suggest using professional services because while being costly, they will probably save you more in taxes than you'll have to pay them because of the knowledge of what exactly of your expenses can be deducted and how to calculate the cost basis correctly. (edit from JoeT - the home exclusion requires occupancy for 2 of prior 5 years. For the OP, the prorated $125k exclusion 'might' cover the gain, it depends when the increase in value occurred, if the gain was during the time rented, it's taxable, I believe.)


California is very aggressive when it comes to determining residency. While you have a legitimate defense, I suggest talking with a California-licensed CPA or EA practicing in California, which are experienced in dealing with the FTB residency audits.


Get answers from your equivalent of the IRS, or a local lawyer or accountant who specializes in taxes.  Any other answer you get here would be anectdotal at best.  Never good to rely on legal or medical advice from internet strangers.


I'm going to have to take you to task for this post. If someone is incapable of determining the implied current P/E in the IPO price then they should not be buying stocks. You cannot blame Wall Street for the greed and stupidity of the public.


"The Dow Jones Industrial Average (DJIA) is a Price-weighted index.  That means that the index is calculated by adding up the prices of the constituent stocks and dividing by a constant, the ""Dow divisor"".  (The value of the Dow divisor is adjusted from time to time to maintain continuity when there are splits or changes in the roster.)  This has the curious effect of giving a member of the index influence proportional to its share price.  That is, if a stock costing $100 per share goes up by 1%, that will change the index by 10 times as much as if a stock costing $10 per share goes up by the same 1%. Now look at the price of Google.  It's currently trading at just a whisker under $700 per share.  Most of the other stocks in the index trade somewhere between $30 and $150, so if Google were included in the index it would contribute between 5 and 20 times the weight of any other stock in the index.  That means that relatively small blips in Google's price would completely dominate the index on any given day.  Until June of 2014, Apple was in the same boat, with its stock trading at about $700 per share.  At that time, Apple split its stock 7:1, and after that its stock price was a little under $100 per share.  So, post-split Apple might be a candidate to be included in the Dow the next time they change up the components of the index.  Since the Dow is fixed at 30 stocks, and since they try to keep a balance between different sectors, this probably wouldn't happen until they drop another technology company from the lineup for some reason.  (Correction: Apple is in the DJIA and has been for a little over a year now.  Mea culpa.) The Dow's price-weighting is unusual as stock indices go.  Most indices are weighted by market capitalization.  That means the influence of a single company is proportional to its total value.  This causes large companies like Apple to have a lot of influence on those indices, but since market capitalization isn't as arbitrary as stock price, most people see that as ok.  Also, notice that I said ""company"" and not ""stock"".  When a company has multiple classes of share (as Google does), market-cap-weighted indices include all of the share classes, while the Dow has no provision for such situations, which is another, albeit less important, reason why Google isn't in the Dow.  (Keep this in mind the next time someone offers you a bar bet on how many stocks are in the S&P 500.  The answer is (currently) 505!) Finally, you might be wondering why the Dow uses such an odd weighting in its calculations.  The answer is that the Dow averages go back to 1896, when Charles Dow used to calculate the averages by hand.  If your only tools are a pencil and paper, then a price-weighted index with only 30 stocks in it is a lot easier to calculate than a market-cap-weighted index with hundreds of constituents. About the Dow Jones Averages. Dow constituents and prices Apple's stock price chart. The split in 2014 is marked.  (Note that prices before the split are retroactively adjusted to show a continuous curve.)"


">It is essentially cheating. It is choosing the data to fit your needs and is statistical heresy.  If that's not ""saying it's right or wrong"", what is? I wouldn't have the smallest problem if his response was just the first paragraph after the quote. It's the (incorrect) editorializing that got me going, and that's what it was. If calling out someone that doesn't know what they're talking about isn't welcome, then what exactly is the point of this subreddit?"


I have been careful here to cover both shares in companies and in ETFs (Exchange Traded Funds). Some information such as around corporate actions and AGMs is only applicable for company shares and not ETFs. The shares that you own are registered to you through the broker that you bought them via but are verified by independent fund administrators and brokerage reconciliation processes. This means that there is independent verification that the broker has those shares and that they are ring fenced as being yours. The important point in this is that the broker cannot sell them for their own profit or otherwise use them for their own benefit, such as for collateral against margin etc..  1) Since the broker is keeping the shares for you they are still acting as an intermediary. In order to prove that you own the shares and have the right to sell them you need to transfer the registration to another broker in order to sell them through that broker. This typically, but not always, involves some kind of fee and the broker that you transfer to will need to be able to hold and deal in those shares. Not all brokers have access to all markets. 2) You can sell your shares through a different broker to the one you bought them through but you will need to transfer your ownership to the other broker and that broker will need to have access to that market. 3) You will normally, depending on your broker, get an email or other message on settlement which can be around two days after your purchase. You should also be able to see them in your online account UI before settlement. You usually don't get any messages from the issuing entity for the instrument until AGM time when you may get invited to the AGM if you hold enough stock. All other corporate actions should be handled for you by your broker. It is rare that settlement does not go through on well regulated markets, such as European, Hong Kong, Japanese, and US markets but this is more common on other markets. In particular I have seen quite a lot of trades reversed on the Istanbul market (XIST) recently. That is not to say that XIST is unsafe its just that I happen to have seen a few trades reversed recently.


Well, technically, Apple didn't ever terminate Jobs. He left on his own. But I take your point.  I do wonder if that type of brash personality would still work in today's overly sensitive corporate culture. Look at Uber and Travis Kalanick.


"There are, in fact, two balances kept for your account by most banks that have to comply with common convenience banking laws.  The first is your actual balance; it is simply the sum total of all deposits and withdrawals that have cleared the account; that is, both your bank and the bank from which the deposit came or to which the payment will go have exchanged necessary proof of authorization from the payor, and have confirmed with each other that the money has actually been debited from the account of the payor, transferred between the banks and credited to the account of the payee.  The second balance is the ""available balance"". This is the actual balance, plus any amount that the bank is ""floating"" you while a deposit clears, minus any amount that the bank has received notice of that you may have just authorized, but for which either full proof of authorization or the definite amount (or both) have not been confirmed. This is what's happening here. Your bank received notice that you intended to pay the train company $X. They put an ""authorization hold"" on that $X, deducting it from your available balance but not your actual balance. The bank then, for whatever reason, declined to process the actual transaction (insufficient funds, suspicion of theft/fraud), but kept the hold in place in case the transaction was re-attempted. Holds for debit purchases usually expire between 1 and 5 days after being placed if the hold is not subsequently ""settled"" by the merchant providing definite proof of amount and authorization before that time. The expiration time mainly depends on the policy of the bank holding your account. Holds can remain in place as long as thirty days for certain accounts or types of payment, again depending on bank policy. In certain circumstances, the bank can remove a hold on request. But it is the bank, and not the merchant, that you must contact to remove a hold or even inquire about one."


"So, you think people who disagree with you and don't think that the government should have a role in providing such things don't *want* such things to even exist? And *I'm* the one who is being myopic? Surely you cannot be serious. I'm not conservative, I'm liberal, in the true sense of the word. I'm actually in the industry as well, and I take great offense to those who think they can vote my rights away on the premise that ""might makes right."" We should rather be a country of principles, not whims of the dumb masses. Government is in no way truly an advocate for its citizens, that is nothing but a glorified bumper sticker slogan, so let's not base our beginning assumptions on outright falsehoods."


"There are a few historical examples of anarcho-capitalist societies that were relatively stable, including early Ireland, Medieval Iceland, and Quaker Pennsylvania.  In the past, people thought that democracy was a crazy/stupid idea for a political system.  They argued that Rome was once a Democracy, and it collapsed.  They pointed out that the 49% losers could just kill the 51% winners.  They pointed out that the winners of an election didn't need to give up power at the end of their term.  They pointed out that the masses are stupid, and they would elect stupid leaders.  So the foundation for any system of governance rests on the opinion of the masses about what creates a ""legitimate"" government.  As a libertarian anarchist, my goal is to convince people that the only legitimate form of governance is voluntary interaction.  In a society where property and person are honored, we can be productive and safe without worrying about the side effects caused by monopolist governments.  I can link you to some videos if you're still interested in learning about this subject."


Sistema di gestione dei contenuti (CMS) è un tipo di sistema informatico che consente di pubblicare, modificare e modificare il contenuto. Il sistema consente inoltre di manutenzione del sito web attraverso una pagina web centrale. Il sistema fornisce inoltre contenuto un insieme di procedure per gestire il flusso di lavoro, in un ambiente condiviso.


Personally, I do asset allocation separately for personal investing and for retirement investing, as I the two have vastly different purposes and I have vastly different goals for each. YMMV depending on how you view your non-retirement investments, and how close you are to retirement.


If true, business is the only thing that can change chinas behavior. China refuses to be bullied by other countries  and chasing the almighty USD is all that matters.  And yet the american public remains blissfully ignorant of the atrocities created by their insatiable desire for ever cheaper shit.


This is possible.  In fact in the cases of debt settlement the collection companies typically issue a 1099 for the difference on what is owed and what is settled, making that taxable income.  So the IRS sees it as income (in the US). However, this kind of dishonesty is not conducive to building long term wealth or wealth of significant means.    As others have said this is fraud, but provided that one is truthful on the loan application, it would be impossible to prove.  How can one prove that a person has no intention of paying a loan back? Doing this once or twice may ruin your ability to receive a loan for legitimate purposes for life.


No link ~ I agree. That's the average style of marketing on social that most small business owners and clients do. I had a social media client I was managing. I provided them with authentic and creative content. All for brand awareness tailored to generate real live traffic into the business. It was doing well until they canceled my service because they felt that the lower tier text based discount and promotion content would be better. ~ Its sad that the average entrepreneur does not understand the principles of providing authentic real value over cheapening their business to make a buck. Its not a long term mentality.


http://www.chicagotribune.com/news/local/politics/ct-illinois-budget-medicaid-decision-met-20170630-story.html  Courts can mandate all the way, but states aren't able to print money, yet.  Push comes to shove, the state laws will get amended.  In my experience, this seems to be the order of who gets shafted, chronologically and from most to least:  1) current and future taxpayers, both with rising taxes and reduced services 2) vendors 3) pensioners 4) bondholders


"There are several brokerages which have lower minimum deposits (often $500) and allow purchase of index ETFs. I won't name them to avoid advertising. The best way to find out is to go to your bank, and ask to see a financial advisor. Then explain your difficulty to the advisor (who should caution you about the issues with investing such a small amount) and ask for advice on where to find a suitable broker. Also, sometimes banks offer services where you can buy shares of a fund through your bank account. This is probably not ""as good"" as the brokerage (performance may be not as good, fees may come out higher), but especially for small amounts and for convenience, this may be easier. Again, you should inquire at your institution."


Not that I doubt it would work for most companies to raise salaries (and cut hours), but it's hard to judge this without the massive publicity it got. Next company to do it won't be so fortunate, then the real metrics come in.


> When I hire people for roles in my organization, I find close-mindedness and myopathy like yours to be a far greater detriment than recreational marijuana use.  Its not closed mindedness when its a fact they are a bigger liability. Sorry, but you're wrong.


"If you own a stake large enough to do that, you became regulated - under Section 13(d) of the 1934 Act and Regulation (in case of US stock) and you became regulated. Restricting you from ""shocking"" market. Another thing is that your broker will probably not allow you to execute order like that - directed MKT order for such volume. And market is deeper than anyone could measure - darkpools and HFTs passively waiting for opportunities like that."


"When you enter into a multi-legged trade where one is a buy and one is a sell, the limit is expressed as either: The gist is that you don't care what each individual piece costs; you only care what the cost of the bundle is. When you put on a buy-write, you are buying stock and selling a (covered) call against that stock.  That trade will always cost money. Putting on a buy-write will always be done at a net debit.  This is because is is normally impossible for a call to be worth more than its underlying stock price.  There are a few possible reasons there would be a""net credit"" option for what's described as a ""buy-write"":"


I'm curious as to why they decided that social services and healthcare should be aggregated for this map. I understand that these are related fields in terms of being service-oriented, but other than that, healthcare is predominately private and social services are predominately public.


"The way to invest money in a company is to buy its shares, or derivatives of its shares. However, it seems you're way in over your head. Don't buy what you don't understand.  There is plenty of material to teach you about stock investing on the internet. However, a book may be the fastest way to learn what you need to know. And yes, there is a ""for dummies"" book about that: Stock Investing ForDummies. I just found it by Googling, I'm sure you can find even more interesting books out there. (Note, the link is to the ""cheat sheet"" in the back of the book. The full book is worth reading.)"


"I mean, this seems like a pretty bad situation, but I've had liberty mutual for home, car, motorcycle, and umbrella policies and I'm pretty happy.  For the past four years the prices have been the best I can find (and I'm about to save 30% on my car via their ""RightTrack"" OBD device) and every time I've called their Customer Service has been polite, responsive, and extremely helpful.  I'm not trying to lessen your own issue; but this does come across as quite the hot take."


"Step 1: Require all Uber drivers to report to central facilities because ""you can't succeed without face to face interaction"" or whatever.  Step 2:  Purchase random companies somewhat related to, I guess, cars?  Maybe some random custom rim manufacturers, or the companies that make those shitty aftermarket petals and knobs you see at Autozone?  Instantly shut them down.  Step 3:  Find a way to make the Uber app so completely insecure that Putin gets instant updates every time you hail a ride.  Step 4: New LOGO!!  Step 5: Uber fails, and to celebrate her success, she walks away with 50 million dollar performance bonus, does more sexy photoshoots while bitching about how she is objectified as a woman, and looks forward to being CEO of Snapchat."


LC WebPros is a reputed company, finish advanced association in Gainesville, FL USA. Our center abilities are computerized publicizing and era arrangements. We give the best Graphic Design Gainesville fl. Albeit visual architects discover arrangements fundamentally for print, notices, yearly reports, bundling, business stationery, leaflets, flyers, indexes, logos, and pretty much anything you can consider to enable organizations to emerge. In the always showing signs of change field of visual communication, there are web specialists who likewise are visual fashioners and the other way around.


"It depends on the deal: and you didn't give any details. That said, there are some things that stand out regardless, and some more specific answers to your questions. First, Mortgage rates (at the bank) are absurdly low right now. Like 4%-5%; less than 4% for excellent credit. You say your credit is ok, so unless your landlord is willing to do a deal where they get no benefit (beyond the price of the house), the bank is the way to go. If you don't have much for a down payment, go with an FHA loan, where you need only 3.5% down.  Second, there is another option in between bank mortgage and rent-to-own. And that is that where your landlord ""carries the note"". Basically, there is a mortgage, and it works like a bank mortgage, but instead of the bank owning the mortgage, your landlord does. Now, in terms of them carrying all of it, this isn't really helpful. Who wants to make 3-4% interest?  But, there is an interesting opportunity here. With your ok credit, you can probably get pretty close to 4% interest at the bank IF the loan is for 80% LTV (loan to value; that is, 20% equity). At 80% LTV you also won't have PMI, so between the two that loan will be very cheap. Then, your accommodating landlord can ""carry"" the rest at, say, 6-7% interest, junior to the bank mortgage (meaning if you default, the bank gets first dibs on the value of the house). Under that scenario, your over all interest payment is very reasonable, and you wouldn't have to put any money down.  Now for your other questions:   If we rent to own are we building equity? Not usually. Like the other posters said, rent-to-own is whatever both parties agree on. But objectively, most rent-to-own agreements, whether for a TV or a house, are set up to screw the buyer. Sorry to be blunt, and I'm not saying your landlord would do that, this is just generally how it is with rent to own. You don't own it till you make the last payment, and if you miss a payment they repo the property. There is no recourse because, hey, it was a rental agreement! Of course the agreements vary, and people who offer rent to own aren't necessarily bad people, but it's like one of those payday loan places: They provide a valid service but no one with other options uses them. If we rent to own, can we escape if we have to (read: can't pay   anymore). Usually, sure! Think about what you're saying: ""Here's the house back, and all that money I paid you? Keep it!"" It's a great deal if you're on the selling side.  How does rent to own affect (or not) our credit? It all depends on how it's structured. But really, it comes down to are they going to do reporting to the credit bureaus? In a rent-to-own agreement between individuals, the answer is no. (individuals can't report to a credit bureau. it's kind of a big deal to be set up to be able to do that)"


That is what they said about search engines.  Uber have received a lot of negative press over the past few months. From board behaviour to how they treat their drivers.  Uber may have been the first on the scene but that doesn't guarantee their future. Ask yahoo or MySpace.


You're mixing up two different concepts: low-risk and recession-proof. I'll assume I don't need to explain risk: there is always risk, regardless what form you keep your assets in. With bonds, the interest rate is supposed to reflect the risk. If a company offers bonds with too low an interest rate for the risk level, few people will buy them. While if a company offers bonds with too high an interest rate for the level of risk, they are gypping themselves. So a bond is a slightly more transparent investment from a risk assessment perspective, but that doesn't mean the risk is necessarily low: if you buy a bond with a 20% effective annual yield, that means there is quite a high risk that the underlying company will fold (unless inflation is in the double-digit range as well, in which case a 20% yield is not that much). Whereas with a stock, no parameter directly tells you anything about the risk. Recession-proof is not the same thing as low-risk. Recession-proof refers to investing in (or holding debt for) industries that perform better in a recession. http://www.investopedia.com/articles/stocks/08/industries-thrive-on-recession.asp.


She's too young and casual to have relevant, intellectual knowledge of this topic. She may have some personal/anecdotal experience, but it's neither at executive or decision making levels. If her article was published by the WSJ, do you think they'd publish that picture and a  Narwhale? It reads similar to your typical 20-something rant-blog, regardless of her real age.  It might be a good piece for people to empathize with, but certainly nothing to be taken past entertainment value.


The IPO price is set between the underwriters and the specialist in the NASDAQ. There are a lot of complexities on how to get to this price, everyone is trying to pull to their own side. In the Facebook example, the price was $38 for all IPO participants. Then, once the IPO went to the secondary market, the bid/ask drove the pricing.  At the secondary market the price is driven by the demand and offer of the stock.  That is, people who wanted to buy right after the IPO likely drove the initial price up.


Mutual funds and pensions aren't likely to be too badly hit, as they are largely buy and hold organisations with low turnover of positions which is inherently difficult for hft to exploit. same with index trackers. These guys are exploited most by shower systematic traders thatare themselves exploited by hft. as an aside, finance is also strangely incestuous - pension funds often invest in hedge funds, that themselves often invest in hft.


I honestly think that this is a problem that is already half way to being solved. Even with the current state of the technology I think the benefits of electric cars far outweigh the nominal detriments. I think  that whining about taking 15-30 minutes more to top up the car is the last factual argument to be had against the inevitable and necessary technological development in transportation. Gasoline had it's time and now it's time to relegate gas power to the same corner that horses serve. Fun and expensive hobbies.


Currently many countries (and non-government bodies) hold dollars to facilitate trade. If the dollar is no longer used in their trade, then they no longer have a reason to hold those dollars. If every other country starts to dump their dollar holdings into the world currency markets, the number of dollars floating around in those market would shoot up. The massive supply increase of dollars (we're assuming these other countries are holding massive amounts of dollars) would lead to a large drop in value of the dollar - lots more dollars chasing the same amount of goods. Every purchase will become much more expensive for anyone still buying with dollars, including the American government trying to buy expensive military equipment - unless the US government also switches to using something else to purchase military supplies.


Welll put. IMO, the best way to dump the Fed is to nationalize it, turning it into a new credit bank. The best recent model for what we need is the Reconstruction Finance Corporation of FDR, which lent $50 billion dollars during the depression in the thirties. Credit has to be directed into real physical wealth, like a new high speed rail system. These kind of investments pay off the associated debt by increasing real wealth, not by what you site correctly, is money for money's sake.


Microsoft **actively** stifled innovation. They would buy new tech just to prevent it from being deployed. They would force people to use their products through bundling at a time when there was no other reasonable option.  We all have the option of Walmart or any number of supermarkets. This situation is nowhere near at Microsoft levels yet. I'm sure Bezos would love to be as much of a monopolist as Gates was, but the era is completely different.


Well, OS/2 is a pretty hard target for it by nature.  Most of that which are venues for spread in Windows and *NIX are actually not part of the operating system with OS/2.  It wasn't built for compatibility with existing standards, but as an all new standard in most regards.  Everything there for existing standards like TCP/IP,  is basically a plug-in that interacts with programs that would use it.  This makes it very hard for something external to actually affect the core system.  Even a lot of OS/2's out of the box functions are implemented in this manner.


"That was just one example, there are other things that could be implemented. Some countries, like the UK, have different wages for lower age groups. So your example could have an under 21 or an ""under 24"" wage, unless married or legally emancipated like with the FAFSA. Or we could expand the work-study program so that students can get jobs and employers pay part of the salary and taxes covers some.   Or there's a limit on the number of employees that can be considered on apprenticeship at any given time. There are lots of ways to address things.   We already have various rules that have exceptions for different industries. Farmhand wages, tipped workers, etc. There could be other options."


Everbank has offered accounts in foreign currencies for a while. https://www.everbank.com/currencies Takes a while to get it setup; and moving cash in and out is via wire transfer.  Also you need to park $5K in USD in a money market account; which you use as a transfer point.


Scientists and Engineers earn very well, are proud of their contributions and have safe jobs that grow with them.  MBAs, in my long experience, mostly lose their jobs because of the blanders they cause, have very stressful jobs, and their jobs are totally dependent on kissing the ass of the one above them.


"You get paid interest on deposits because banks only keep a fraction of the deposits on-hand. The rest is put to other uses, such as loaning money to others. If you deposit money and yield 1% interest, the bank is able to fund an auto loan, at 5%. By saving, you are actually making more capital available in the marketplace. ""Fixed"" or ""durable"" assets like gold, real property, or durable goods are different -- their value is based on attributes such as demand (gold, oil) or location (real property). If you bought an apartment in Manhattan in 1975, it appreciated greatly in value over the course of 30 years... but it did so because demand for apartments in New York City grew, while the supply of apartments grew more slowly. The government prints money for two core reasons: Think of it this way: Money is valuable because it is money."


Oh, yeah, the government's response to heroin users is *definitely* to get them treatment.   Anyway, that's not the point: The point is that many things people enjoy in the short term, harm them in the long term.   The thing about stock exchanges is, they are not people, and there's no inherent reason that any of them should exist. If they get addicted to something that harms them, the simplest and cheapest solution is to let them kill themselves, so that a new market that operates more responsibly can take it's place. There's no point in government intervention here because we're not saving a life, we're supporting a terrible investment. It's a completely different thing.   *Your* mindset is the same mindset that leads to bailouts and subsidies that distort and cripple the markets by forcing otherwise-dead companies and methods to continue to exist by fiat, instead of letting that which is dead, die away, so that newer participants have the chance to evolve and improve the market.


As I said in the comments, from the SMH article, you will get $3.30 per share you hold in Wotif. The bit about Wotif veing replaced in the S&P ASX200 index by another company has no impact on your shares in Wotif. It just means that the index (the amalgamation of 200 companies) will have one drop out (Wotif) and another replace it (Healthscope).


I think you might benefit from adopting a zero-sum budget, in which you plan where each dollar will be spent ahead of time, rather than simply track spending or worry about the next expense. Here's a pretty good article on the subject: How and Why to Use a Zero-Sum Budget. This is the philosophy behind a popular budgeting tool You Need a Budget, I am not advocating the tool, but I am a fan of the idea that a budget is less about tracking spending and more about planning spending. That said, to answer your specific question, one method for tracking your min-needed for upcoming expenses would be to record the date, expense, amount due, and amount paid as shown here:  Then the formula to calculate the min-needed (entered in E1 and copied down) would be: As you populate amounts paid, the MinNeeded is adjusted for all subsequent rows. You could get fancier and only populate the MinNeeded field on dates where an expense is due using IF().


Would you borrow money at 3% just to leave it in a savings account?  That's effectively what you're doing by not paying of your student loans.  I would pay of all of the student loans, and consider putting a little toward the car loan.  If you do run into an emergency you still have your $2K/month to help build your savings back up.


A cheque/check is just a piece of paper.  There's nothing whatsoever stopping her from sticking it in an envelope, putting a stamp on it and sending it via the regular post. The important question is what happens if it goes astray?  How easy would it be for her to stop and replace the check? How easy is it for a dishonest party to deposit the check elsewhere? It sounds like the people quoting you a high price to insure are treating the check as being as good as cash - if that's true then you'd be taking a big risk sending it uninsured.  On the other hand if it's not true and the check is easily replaceable and essentially worthless to anyone other than you then there would seem to be no need to insure it in transit.


The market moves faster than ratings agencies.  Everyday the market is trying to figure out the true value of Assets - Liabilities and thus its overall equity value.  The financial crisis illustrated this perfectly when Bear Sterns got stuck in a liquidity trap.  It's MBS(CDO) was still highly rated, likewise its overall credit rating was sound, however in reality the value of assets were much higher due to coming default, credit providers realized assets Bear had posted as collateral were falling in value quickly.  This started the death spiral, or feedback loop in which it isn't clear if the tail wagged the dog or the dog wagged the tail, but as equity value fell Bear could no longer get access to credit markets to fund daily operations, once it got margin called and couldn't pay, it was all over.  When it was sold to JPM, they basically stole the entire company at a fire sale price, everyone knew they were getting a deal, as reflected in the post buyout price jump of JPM stock.    So in a technical sense you are right, they have nothing to do with each other.  But in a practical sense as we see equity value collapse we are approaching bankruptcy, and thus default, and credit ratings should represent likelihood of default so the two should have a positive correlation to one another, assuming equity value is the 'true value'.


Developing the right culture is easily one of the hardest tasks for a manager. Look to hire the right people who can motivate and set the tone for the rest of your firm. Once you do that, managing won't be as strenuous. Write down on a piece of paper the values you want to instill in your organization, and make sure your early employees embrace and showcase those values. You'll know right away who fits and who doesn't.


Several factors are considered in loans as significant as a home mortgage.  I believe the most major factors are 1) Credit report, 2) Income, and 3) Employment status If you borrow jointly, all joint factors are included, not just the favorable ones.  Some wrinkles this can cause may include: Credit Report - The second person on the loan may have poor credit or no credit.  This can/will hurt your rate or even prevent them from being listed on the loan at all, which will also mean you can't include their income. In addition, there are future consequences: that any late payments, default, foreclosure, etc. will be listed on all borrower's reports. If you both have solid work history, great credit, and want to jointly own the home, then there shouldn't be any negatives.  If this is not the case, compare both cases (fully, not just rates, as some agents could sneakily say you can get the same rate either way but then not tell you closing costs in one scenario are higher), and pick the one that is best overall. This is just information from my recollection so make sure to verify and ask plenty of questions, don't go forward on assumptions.


An ETF manager will only allow certain financial organisations to create and redeem ETF shares.  These are called Authorised Participants (APs).  The APs have the resources to bundled up packages of shares that they already own and hold in order to match the ETFs requirements.  In the case of the EDEN ETF, this portfolio is the MSCI Denmark Index.  Only APs transact business directly with the ETF manager.   When ETF shares need to be created, the AP will bundle up the portfolio of shares and deliver them to the ETF manager.  In return, the ETF manager will deliver to the AP the corresponding number of shares in the ETF.  Note that no cash changes hands here. (These ETF shares are now available for trading in the market via the AP.  Note that investors do not transact business directly with the ETF manager.) Similarly, when ETF shares need to be redeemed, the AP will deliver the ETF shares to the ETF manager.  In return, the ETF manager will deliver to the AP the corresponding portfolio of shares.  Again, no cash changes hands here. Normally, with an established and liquid ETF, investors like you and me will transact small purchases and sales of ETF shares with other small investors in the market.  In the event that an AP needs to transact business with an  investor, they will do so by either buying or selling the ETF shares.  In the event that they have insufficient ETF shares to meet demand, they will bundle up a portfolio deliver them to the ETF provider in return for ETF shares, thus enabling them to meet demand.  In the event that a lot of investors are selling and the AP ends up holding an excessive amount of ETF shares, they will deliver unwanted shares to the ETF manager in exchange for a portfolio of the underlying shares. According to this scheme, large liquidations of ETF holdings should not effect the share prices of the underlying portfolio.  This is because the underlying shares are not sold in the market, rather they are simply returned to the AP in exchange for the ETF shares (Recall that no cash is changing hands in this type of transaction).   The corresponding trail of dividends and distributions to ETF share holders follows the same scheme.