Yes, quite easily, in fact.  You left a lot of numbers out, so lets start with some assumptions. If you are at the median of middle income families in the US that might mean $70,000/year. 15% of that is an investment of $875 per month. If you invest that amount monthly and assume a 6% return, then you will have a million dollars at approximately 57 years old. 6% is a very conservative number, and as Ben Miller points out, the S&P 500 has historically returned closer to 11%. If you assumed an aggressive 9% return, and continued with that $875/month for 40 years until you turn 65, that becomes $4 million. Start with a much more conservative $9/hr for $18,720 per year (40 hours * 52 weeks, no overtime). If that person saved 14% of his/her income or about $219 per month from 25 to 65 years old with the same 9%, they would still achieve $1 million for retirement. Is it much harder for a poor person? Certainly, but hopefully these numbers illustrate that it is better to save and invest even a small amount if that's all that can be done. High income earners have the most to gain if they save and the most to lose if they don't. Let's just assume an even $100,000/year salary and modest 401(k) match of 3%. Even married filing jointly a good portion of that salary is going to be taxed at the 25% rate. If single you'll be hitting the 28% income tax rate.  If you can max out the $18,000 (2017) contribution limit and get an additional $3,000 from an employer match (for a total monthly contribution of $1750) 40 years of contributions would become $8.2 million with the 9% rate of return.  If you withdrew that money at 4% per year you would have a residual income of $300k throughout your retirement.


India celebrates Independence Day on August 15 each year. India gained Independence from British rule after 200 years. This special day of celebration can be made more special by sending flowers. A bouquet of enchanting flower is considered a perfect gift for celebrations.


All cars have problems, especially those that are older like your husbands, how about maintaining it properly?  Actually the older SAABs (SAAB 900s)are pretty tough, if you look after them they will last a long time , like this guy who made a million miles in his 900 http://www.jsonline.com/business/29181064.html , the rot started as soon as GM started to get involved and stifle the engineers in an attempt to get up volumes and share platforms.


Well the idea of 'good practice' is subjective so obviously there won't be an objectively correct answer. I suspect that whatever article you read was making this recommendation as a budgeting tool to physically isolate your reserve of cash from your spending account(s) as a means to keep spending in check. This is a common idea that I've heard often enough, though I don't think I am alone in believing that it's unnecessary except in the case of a habitual spender who cannot be trusted to stay within a budget.  I suppose there is a very small argument to be made about security where if you use a bank account for daily spending and that account is somehow compromised, the short-term damage is limited. In the end, I would argue that if you're in control of spending and budgeting, have a single source of income that is from regular employment, and you use a credit card for most of your daily spending, there's no compelling reason to have more than one bank account.  Some people have a checking and savings account simply for the psychological effect of separating their money, some couples have 3-4 accounts for income, personal spending, and savings, other people have separate accounts for business/self-employment funds, and a few people like having many accounts that act as hard limits for spending in different categories. Of course, the other submitted answer is correct in noting that the more accounts that you have, the more you are opening yourself up to accounting issues if funds don't transfer the way you expect them to (assuming you're emptying the accounts often). Some banks are more lenient with this, however, and may offer you the option to freely 'overdraft' by pulling funding from another pre-designated account that you also hold at the same bank.


"There is no doubt that this is a scam (you ask a British solicitor for help with this sort of problem, not an American friend) but it's not as obvious as some answers seem to assume. Inheritance taxes always have to be paid before legacies can be received, and the funds are part of the estate not ""in the hands of the government"". There are certainly ways round the problem (which vary by country), but if the facts were as the asker sets out, this would be a reasonable request. You can bet they aren't and it isn't."


"Different stocks balance dividend versus growth differently. Some have relatively flat value but pay a strong dividend -- utility stocks used to be examples of that model, and bonds are in some sense an extreme version of this. Some, especially startups, pay virtually no dividends and aim for growth in the value of the stock. And you can probably find a stock that hits any point between these. This is the ""growth versus income"" spectrum you may have heard mentioned. In the past, investors took more of their return on investment as dividends -- conceptually, a share of the company's net profits for the year reflecting the share's status as partial ownership. If you wanted to do so, you could use the dividend to purchase more shares (via a dividend reinvestment plan or not), but that was up to you. These days, with growth having been strongly hyped, many companies have shifted much more to the growth model and dividends are often relatively wimpy. Essentially, this assumes that everyone wants the money reinvested and will take their profit by having that increase the value of their shares. Of course that's partly because some percentage of stockholders have been demanding growth at all costs, not always realistically.  To address your specific case: No, you probably aren't buying Microsoft because you like its dividend rate; you're buying it in the hope it continues to grow in stock value. But the dividend is a bit of additional return on your investment. And with other companies the tradeoff will be different. That's one of the things, along with how much you believe in the company, that would affect your decision when buying shares in specific companies. (Personally I mostly ignore the whole issue, since I'm in index funds rather than individual stocks. Picking the fund sets my overall preference in terms of growth versus income; after that it's their problem to maintain that balance.)"


Yes, they have more opportunities because of their families. And I have seen people get promotions and into elite schools not because of their hard work, but simply because of who their fathers were.   Look at Trump's and George W. Bush's acceptance into their Ivy League Schools, it was mainly about their father's connections rather than their actual grades in high school.  That's why I am skeptical when a 29 year old is promoted to CFO of a billion dollar company.


I'd say you have a couple options that differ by the amount of time required. Option 1: Export your checking/credit card ledgers from your banks for the unaccounted for periods you mention then import them into GNUcash.  They won't be categorized, but it's a fairly simple task to go through and categorize the main ones.  Anything else can be categorized in an 'unaccounted for' account and either properly categorized over time at a later date or just left unaccounted for. Option 2: Make one entry in each of your liabilities and assets that is also part of the 'unaccounted for' expense account, but contains the number required to balance your accounts now.  This is by far the easiest and will allow you to start with a clean slate now but keep your prior records in the same ledger.   Option 3: Start a new ledger with the same account/expense structure as your previous ledger.  From here on out, you'd open this GNUCash file and start fresh.  Also quick and easy but there is no way to look at the old ledger and run reports unless you open that separately.  I actually do this every couple of years as a way to force me to clear out obsolete accounts and trim the fat since GNUcash can take a long time to open when the ledger contains many years of transactions.


"Aside from the fact that everyone - absolutely everyone, from the level of the individual to the government as a whole - treats ""free"" money frivolously, wastes it, misappropriates it, etc...  I do see one benefit to something like this.   The whole idea of the stock market isn't millisecond trading to game the casino that is Wall Street.  Optimistically, you purchase stocks as a long-term investment in companies to enable their continued growth and stability, they make profits, they pass along these profits to you, and everyone benefits.  Suppressing this sort of roulette wheel speculation, constant changing of hands, fractional gains and the like seems like it would stabilize markets, improve growth, stop the damn CEO's and their golden parachute tactics in killing companies, and all that jazz.  Joe Shmoe isn't going to care about a tax like this - he buys into whatever he wants and usually hangs on to it for the long term.  I'm a layman, and admittedly a damned rusty one at economics, so give me a little slack if I'm wrong or just misguided altogether."


Ouch I guess I hit a sore spot, deleted your comments and went through and replied to my post history. Hope you make some friends in the future buddy, but with your personality I doubt there's any bars that will help lmao.


For a short term loan, the interest is closer to straight line, e.g. A $10K loan at 10% for 3 years will have approximately $1500 in interest. (The exact number is $1616, not too far off). You will save 2.41% on the rate, so you'll the extra payment you'll send to the mortgage will save you about 10000*35*(2.41/12)/2 or about $350 over the 3 year period.


In Order To Be Safe From A Fraudulent Stock Loss Recovery Firms, You Need To Be Careful And Notice Some Warning Signs Beforehand. Aggressive Unexpected calls, asking advance fee, self-praise online and elsewhere all these are characteristics of such a firm


Luxury Holiday Offers are available for you with gomosafer, the online travel division of Mosafer. Qatar is a popular mid-east destination and has become quite popular holidaying destination from the past two decades. It has historic forts, impressive seascapes, luxury hotels, and sandunes and so on.


1) Because it's a law specifically to prevent exploitation of uneducated people with unskilled labor  2) Because everyone else who gets paid by the hour gets paid 1.5x for hours above 40/week  3) People in skilled positions who are paid per hour are paid 1.5x for hours above 40/week


The principal and interest are fixed, no matter how much money you throw at them. This is not correct. If I pay an extra $1000 in principal this month, then my mortgage balance is decreased. So slightly less interest accrues before my next payment. That means my next payment will be slightly more toward principal and slightly less toward interest than it would have been if I hadn't made an extra principal payment. This means that my principal will eventually drop to zero earlier than it would have if I had not made the extra payment, and I will end up making fewer total payments than I would have without the extra principal payments. Of course, the effect is even stronger if I make regular extra payments rather than a single one. Like paying off any debt, you can consider this payment essentially a risk free investment paying whatever is the interest rate on that debt. You know that by making this payment, you reduce your interest payments over the coming years by the interest rate on that amount.  Edit: In comments you said, you will pay your mortgage off earlier but you won't drop the amount required to pay each month. Look at a mortgage amortization table to see this. This isn't because of the amortization table, it's because of the contract terms between you and the lender. After you make an extra principal payment, a new amortization schedule has to be calculated one way or another. It would be possible to re-calculate a new reduced monthly payment keeping the number of payments remaining fixed. Or you can calculate a new repayment schedule keeping the total monthly payment fixed and reducing the number of payments.  It happens the banks prefer to do the 2nd of these rather than the first, so that's the terms they offer when lending. Perhaps someone more knowledgeable can comment on why they prefer that.  In any case, by reducing your principal you improve your personal balance sheet and build equity in the mortgaged property so that, for example, if you sell you'll keep more of the proceeds and use less to pay off your loan.


Once you become NRI or know for sure you would be one, you can't hold ordinary accounts. Convert existing savings account into NRO. Open new NRE account so it's easier to move funds. In simple terms an NRE type of account means you can repatriate the funds outside of India anytime without any paperwork, there are some tax benefits as well. MFU platform can be used for operating demat, else you need a brokerage account. If you have stocks, then existing demat need to be converted to NONPINS account, it's actually open new, move, close old. Any new stock you need to open a PINS Demat account. You can use NRO account of MFU, it creates some complexity of taxes... MFU NRE would be more easier for taxes and flexible for repatriation


You can sell as many shares as you want. The only issue will be the fees attached to low dollar trades. I would recommend a site with no fee for the first 20 trades. If you plan to be a frequent trader I would recommend getting a stable rate ($10 for every transaction). If your plan is to trade in low quantities then maybe a variable rate (1% of all fades) might be better suited.


He is doing an important service though. Yes there are CEOs that will have to deal with a bunch of absurd fact-checking requests from him when they could be running their business, but he's also the one exposing frauds and making people who are planning frauds hesitate.  I think the dodgy part is that he's doing stuff like this to boost his social media presence and reach the largest audience possible. Whereas other similar firms probably still plan on releasing the huge, thorough research as their catalysts, it seems like he really enjoys tweeting. I'm 100% sure his account is linked to bots at other funds to automatically short any ticker he mentions. This could potentially compromise the quality of his research, which is important because there are so few others that do the same service.


"You say  Also I have been the only one with an income in our household for last 15 years, so for most of our marriage any debts have been in my name. She has a credit card (opened in 1999) that she has not used for years and she is also a secondary card holder on an American Express card and a MasterCard that are both in my name (she has not used the cards as we try to keep them only for emergencies). This would seem to indicate that the dealer is correct.  Your wife has no credit history.   You say that you paid off her student loans some years back.  If ""some years"" was more than seven, then they have dropped off her credit report.  If that's the most recent credit activity, then she effectively has none.   Even if you get past that, note that she also doesn't have any income, which makes her a lousy co-signer.  There's no real circumstance where you couldn't pay for the car but she could based on the historical data.  She would have to get a job first.  Since they had no information on her whatsoever, they probably didn't even get to that."


Another reason, and to me the main reason not to buy a house if you're in your early 20s (regardless of your income), is mobility. If you rent, you can move pretty much whenever you want after the first year of your rental lease is up, even before then in some cases. If your fiancee finishes school and gets a great job offer in another city or state, you can move there pretty quickly. When you own a house, that is much harder to do. Your having two kids makes it harder in either case, but at this point in your lives you really don't know where your future will take you, geographically speaking, and renting gives you the option of moving easily if you have to.


From a tax perspective, it doesn't matter whether what you are doing is fraud, illegal, or perfectly legit.  If you make money, the IRS will want you to pay taxes on it.  Drug dealers, pimps, hobos, professional gamblers, extortionists, coupon collectors.  The IRS doesn't care.  They want their taxes. Now, where do you pay taxes?  There are two likely options:  I'm not a tax lawyer so I can't say which would be more correct.  My expectation is that the IRS would be fine with either.


It's an experiment with limitations because they chose 2000 unemployed people. At no point was there any real discussion about giving basic income to also some employed people. It's not really a study on universal income if it's just a simplified and hassle free unemployment benefit.   I have hopes that the results would at the minimum encourage the state to redesign the current systems for unemployment benefits, longer term sick leaves, fixed term pensions and minimum social security, but true universal basic income still seems rather impossible in this country.


Other than the satisfaction of working in a field you are passionate about, the beauty  of copywriting is in all the money you can conceivably make doing it as a freelancer.  However, the idea is to start and continue generating that money by making as few costly errors as possible.   There are many mistakes you can avoid if you simply know what they are.  In this article, see some of the most common mistakes your fellow freelance copywriters  have made so you can avoid them and the stress they can cause.


Basically prefab designs that have been developed by engineers and architects utilize steel as a structural system. Using a steel frame in prefab construction allows for a quick and easy installation just as traditional prefab does. For prefab steel buildings items just call Universal Steel of America at 1-800-993-4660


You quote a rate (2.75%) and then quote a margin (1.75%).  The margin is usually an addition to some base rate.  How is the margin expressed in the figures you have?  Is it included in the rate, or in addition to it? As for the other stuff, it looks like the rate can go up at most 1% per year, up to a maximum of 5% increase.  The first adjustment cap is also 1%.  That just says that your first rate increase is capped the same as subsequent increases. If the margin is already included, and the increases are based on your initial rate, then this puts you at a maximum of 7.75%. You must verify this.  I don't have your loan documents. And again, why would you want to risk an increase at all?  You have a decent fixed-rate mortgage already.  That still doesn't make sense to me.  Going from 2.75% to 7.75% as above can increase your monthly payment by over 40%.


Why train a new employee when you can just work your existing employees harder?  ...and then when you can't make them work any harder, hire someone on an L1 or H1B visa for 2/3 the salary of an American worker, on the grounds that you couldn't find an American to do the job.


Unless Obama becomes dictator, he can't.  I am not a big Obama fan but the guy is not the man who had a congress that stamped everything for his approval (which Bush had, he pretty much declared war, passed bills with a republican congress).    Obama can't really even cut spending on defense or even give tax cuts with the current congress and senate.  He tried shutting down Gitmo but congress wouldn't fund the shutdown.  Alot of the agencies are missing appointments because senate will filibuster anything they can.


As someone who has an AMAZING boss, it really is a delight. It has an impact on so many facets of work. I came here simply to state that it's wonderful and everyone should strive to find this. I do think at some point money and raises become a need no matter how nice your boss is, but a good boss certainly softens the blow.


"[of course it does](http://www.tylervigen.com/correlation_project/correlation_images/per-capita-consumption-of-chicken-us_total-us-crude-oil-imports.png)  ... but really, the answer is something along the lines of ""probably... to some extent..."" It's not the sole reason, but it may be one of them.   Ultimately QE did more to fix balance sheets than the wider economy, but that in itself had value at the time."


You're right, the issue of inversion is not going to go away as long as there are countries willing to go to 2% on their tax rate.  But the goal isn't really to eliminate them it's to have a tax system and regulatory system which encourages healthy business growth and financial support to the government.  The path the US has chosen is high corporate tax, cherry pick activities they want to encourage through breaks, then rely on taxing overseas profits on money returned to the US (since so many major companies are US based).  This was a great system but its an anachronism since globalization became a real thing.  Now what it has left us with is a tax incentive system where ONLY the business activities with breaks (RD tax credit) are considered worthwhile ventures while profit centers are offshored.  Then no one can reinvest their profits in the US because they can't repatriate cash without paying tax.  The corporate tax structure now hinders employment and investment.  We don't need to lower our taxes to 0 to be competitive.  The most popular countries for offshoring are Puerto Rico (pharma) Ireland and Switzerland their tax rates are effectively 0.  However due to other costs (employment transportation of goods) on a total cost basis the US can be more than competitive with a corp tax rate of 20%.


Normally, yes, kind of. I don't personally think in terms of 'generating profit' when making business IT purchasing decisions, I merely think in terms of adding value.   But in the context of the article:   >Before you buy a technology, consider well whether it is going to increase your revenues or decrease your costs? If it would not then there is no point buying it.      A DR/BC facility will never generate profit. It will, hopefully, allow you to continue generating the profit you were generating any way, should shit go bad. But even then, your costs are likely to go up.   So when I say 'kind of', I mean you're right in that 'profit' can mean more than numbers on a balance sheet, but the writer of the article seems to present 'profit' in those black and white terms. The article appears to advocate something that is not particularly good practice, but deems to call it so.


Trawling through the comments here it seems that almost every one has missed the point that the Tesla 3 is a performance car in addition to being electric.  Sure it's not as fast as the 'S' but at 0-60 in 5.6 seconds that equals the Ford Mustang V6.    In addition to that it also has fabulous handling.  The [Motor Trend reviewer](http://www.motortrend.com/cars/tesla/model-3/2018/exclusive-tesla-model-3-first-drive-review/) called it the best small sedan he had ever driven.  So to those niggling about displays and electricity costs per mile and colored paint costs $1000 more this is kind of like looking at a Porsche Boxster and complaining about the back seat and the trunk space.  All true but also almost entirely irrelevant.


Depends on how you measure liquidity.  There's papers out there that approach this very question. Measured in order book spreads for a consolidated $100m trade, I'd say the second biggest market is FX swaps, followed or par'd by the money market (government bonds). If you disallow OTC venues, it's most definitely exchange listed government bonds. If, however, you happen to think in terms of sheer volume per time, the most liquid market phase could be considered the NYSE closing auction, as you can move billions in a matter of minutes, or expressed in speed terms: several m$/s (million dollars per second). You should pick a definition and we can provide you with a more accurate list of candidates and actual data.


If it weren't for the anti-government sentiment preventing it, you could get the same effect simply by having the government hire a LOT more people at the low-end of the socioeconomic scale - people like teachers, policemen, firefighters, rangers, etc., especially if that hiring included proper training for people who didn't already have it.  This would create a defacto minimum wage, since private industry would have to compete for workers, without requiring them by law to adhere to some predefined compensation packages.  This would have a been a MUCH better way to use the hundreds of billions that the Fed has used to provide stimulus to the economy, instead giving it to the big banks & letting them play securities games with it.  Of course, with the anti-government sentiment (and the lack of ability to control how the big bucks get handed out to political donor industries), fat chance of a straightforward solution like this ever being implemented.


After looking at both S&P GSCI Crude Oil Index Excess Return (INDEXSP:SPGSCLP) and CS VS 3x LC ETN NYSEARCA: UWTI they seem to track well (using Google Finance).   I'm not seeing where your statement this ETN loses whether oil is gaining or not holds true.   Both have posted a year-over-year loss. In the past year the Crude Oil index has fallen from a high of 494 on October 6, 2014 to a low of 213 as of today October 5th, 2015.  So of course the UWTI will lose as well. Please also notice that that, as stated in the prospectus for UWTI: The ETNs are intended to be daily trading tools for sophisticated   investors to manage daily trading risks. They are designed t o achieve   their stated investment objectives on a daily basis, but their   performance over different periods of time can differ significantly fr   om their stated daily objectives. The ETNs are riskier than securities   that have intermediate or long-term investment objectives, and may not   be sui table for investors who plan to hold them for a period other   than one day. You might want to look into investing in an ETF for long term investment goals and objectives.  Oil ETF List


For Federal Return, Schedule H and its Instructions are a great start.  You are the nanny's employer, and are responsible for FICA (social security and medicare) withholding, and also paying the employer portion.  You will offer her a W4 so she can tell you how much federal and state tax to withhold. You'll use Circular E the employer's tax guide to calculate withholding. In January, you'll give her a W-2, and file the information with your own tax return.  For State, some of the above applies, but as I recall, in my state, I had to submit withholding quarterly separate from my return. As compared to Federal, where I adjusted my own withholding so at year end the tax paid was correct. Unemployment insurance also needs to be paid, I believe this is state.  This issue is non-political - I told my friends at the IRS that (a) the disparity between state and federal to handle the nanny tax was confusing for those of us trying to comply, and (b) even though we are treated as an employer, a 'guide to the nanny tax' would be helpful, a single IRS doc that doesn't mix non-nanny type issues into the mix.  In the end, if a service is cost effective, go for it, your time is valuable, and thi is something that only lasts a few years.


My college gym would do something similar. The school took out a massive loan to build a gym then charged students automatically $100 for the gym on their tuition, then they charged $10 to use it for the semester. Most kids don't look at what is included in tuition so they think they are getting a good deal by just paying $10 per semester when in reality, its $110.


Online auctions have provided a new dimension to any trade by allowing individuals or businesses to buy and sell goods from anywhere and everywhere. It saves time, money and efforts in an incredible way while allowing you to trade faster than any regional market. On contrary to traditional and regional auctions, online bidding is advantageous. As a buyer, you can bid for something that is not easily available, while it is easier for a seller to get a fair price for their goods as the number of needy buyers increases. Here is all you need to know about internet auctions.


Who sets the required yield? Required yield by definition something that the investors want. Is It achieved through negotiation or is it more of “I am willing to loan out X at a interest rate of Z per year or X/2 semiannual rate”


Mayweather is the promoter so he pays himself and doesn't rely on win/lose bonuses. Every single aspect of the fight he makes money on from the ticket, PPV, merch, even concessions sales. Mayweather's purse is expected to be at least $100 million, and will be the same win or lose. His earning power for future fights mike take a hit in the extremely unlikely scenario that he loses.


Typically the settlement price for a financial instrument (such as AAPL stock) underlying a derivative contract is determined from the average price of trading in that instrument during some short time window specified by the exchange offering the derivative.  (Read the fine print on your contract to learn the exact date and time of that settlement period.) Because it's in an exchange's best interest to appear as fair as possible, the exchange will in general pick a high-volume period of time -- such as the close of trading on the expiry date -- in which to determine the settlement price. Now, the expiry date/time may be different from the last time at which the option can be traded, which may be different from the underlying settlement time.  For example, most US equity options currently expire on the Saturday following the third Friday of the month, whereas they can last be traded at end-of-day on the third Friday of the month, and the settlement period may be at a slightly different time on the third Friday of the month.  (Again, read the contract to know for sure.)  Moreover, your broker may demand to know whether you plan to exercise the option at an even earlier date/time. So, to answer your question: After-hours trading can only affect the settlement price of an underlying instrument if the exchange in question decides that the settlement period should happen during after-hours trading.  But since no exchange that wants to stay in business would possibly do that, the answer is no. Contract expiry time, contract exercise time, final contract trading time, and underlying settlement time may all fall at different dates/times.  The important one for your question is settlement time.


Yeah. I don't really understand the value of bitcoin.  I know it's going up because people keep buying to for more and more.  But who the hell is buying it at $5600-$5700 to get it up to where it's at now.  Holy crap, it's as high as it's ever been.  Butter buy now!?!


I thought to enlarge on user Zephyr's comment above. PC Financial seems to fail to calculate explicitly and then display the cashback reward return of 1%, for the benefit of consumers; does it want to conceal or mislead or conceal customers.  Anyhow, I show this using this info below. I'll just calculate using the rate for 'everywhere you shop', since many deem travel a luxury. (1) 20,000 PC points = $20 in Free Groceries Minimum redemption is 20,000 PC Points  (2) Earn 10 PC points for every $1 spent, everywhere you shop Earn 20 PC points for every $1 spent on travel services at pctravel.ca† Cashback Reward Rate = Reward/Expenditure. I find confusing the exposition '20,000 PC points = $20', because this is NOT the cost or expenditure; I regard this as the reward.  The key step is to calculate the expenditure needed to achieve this reward, which again is 20,000 PC points. Thus, we must attain (1) from (2), and must solve for ¿ in this ratio problem: 10/20,000 = $1/¿  ===> ? = $2000. So $2000 must be spent, to reap $20 as the reward. Altogether, cashback reward = $20/$2000 = 0.01 = 1%. QED. I Googled this card before, and I infer from this article that PC changed its cashback ratios: You get five PC points for every dollar you spend on your bank card at participating stores where President’s Choice products are sold. This is a bit disappointing as I can do the math in my head and determine that the PC points rewards are only worth 0.5% of your purchase amount. I had expected at least 1% to compete with the top reward credit cards. Also, the webpage errs in the following; the 'cent' is supposed to be a dollar: PC points are worth one tenth of a cent each. So if you use the minimum allowable amount of PC points of 20,000, you will get $20.00 worth of groceries.


I haven't used it in years, but look at GnuCash. From the site, one bullet point under Feature Highlights:


"Keep in mind that many checks are being cashed via scanner or photo. These can be home based, business based or ATM based systems. The key requirement is that the software has to be able to distinguish the ""written"" parts from the background parts. If the image doesn't have enough contrast for the edge detection to work, the check can't be easily processed. In that case a human looks at the image and decodes the image and processes the transaction. The image is not in color.  Many businesses scan the check and hand the original back to you after having the Point of Sale system process the image. Post 2001 the checks in the united states are no longer moved through the banking system, only their images. With the roll out of these image based systems, in the future almost no physical checks will be seen by banks. Therefore the actual ink color is not important, only the result."


"Nothing wrong with the other answers, but here's a ""trick"" to hopefully make it totally transparent.   Imagine that you're not the one implementing this business plan, but someone else is.  Let's call this other person your asset manager.  So on the first day, you give your asset manager $9.  He takes this and generates $1 profit from it, recovering the $9 which he then reinvests to generate $1 profit every day.  From your perspective, you just gave him $9.  At the end of the year, he gives you $365 in addition to your original investment of $9 (in real life he'd take the fees of course, or perhaps he's been lending out the money he's been accumulating and taking the interest from that as pay for his services).  So your return on investment is 365 / 9 * 100 % > 4000 %, as claimed by your source."


I would say the Japanese economy is a bit different to Greece. It's still quite large. It's been in recession or stagnation for the last 2 decades or so.  One major problem for Japan is its aging population. Japan has the oldest population in the world (average is 42). This is a problem in terms of old age pensions, decreasing workforce, etc. in addition to low birth rates. Many young people have fewer kids, or [just none at all!](http://gaijinchronicles.com/2010/08/31/plight-of-the-grass-eater/)  While that doesn't sound good, the difference with Greece is they're close to bankruptcy, Japan isn't. Also Japan gets to somewhat control their currency, or at least, their economy is the primary thing affecting the currency, unlike Greece which is in a monetary union and so are not able to devalue their currency.


Dollar is the lingua franca of the financial industry and unluckily it is the US currency. It is till today considered the most safest investment bet, that is why you have China possesing $3 trillion of US debt, as an investment albiet a very safe one. Financial investors get in queue to by US bonds the moment they are put up for sale. Because of the AAA rating the investors consider it to be safe at a specific rate. Now when you lower the credit rating you are indirectly asking the US government that you want a higher return(yield) on your investments. When you ask for higher yields, it translates into higher interest rates (money US would get for bonds issued decreases and so more bonds are issued). So you basically start looking at a slowdown in consumer spendings households and businesses. With already defaults, repossesions and lesser spending, the slowdown would increase manifold.


Each situation is different, but it has to do with assessing what the Company is trying to do. People always talk about WACC, but in reality, WACC is less important than figuring how how much debt a Company can support (determined by leverage and solvency statistics).  Here are a few things to think about:  -How stable are the Company's cash flows? (big difference between a Company that has multi-year contracts locked in place vs. variable/cyclical revenue streams; what type of Capex requirement is there?)  -What is the purpose of raising the capital? (growth vs. recapitalization; where are the proceeds going?)  -What collateral is available for creditors?  -What does working capital look like? (is there seasonality?)


I estimated that the mean expected cash value of a $ 1.00 MegaMillions ticket in the July 5, 2016 drawing was about $ 1.23 = $ 0.18 consolation prizes + 258,890,850:1 chance of winning part of a cash jackpot that increased from about $ 289.6 million to about $ 313.3 million. I estimated that the mean expected cash value of a $ 2.00 Powerball ticket in the January 13, 2016 drawing was about $ 1.65.  I estimated this as follows: 17.= (9).          Chance of another roll-over:       15.4 %    .    (about two-thirteenths).   This estimate does not take taxes into account.  (There are ways to minimize the tax bill.)  And of course, almost 96% of tickets win nothing. Notes: . . Updated for July 5, 2016 MegaMillions draw.


"Bob Chapman writes: ""The banks blatantly control governments and agencies presenting us with an oligarchy, which controls most of the nations on the planet. In America politicians are bought and paid for. In Europe there is a different mind set, a shared worldview of bureaucrats, technocrats, politicians and the elite bankers of world government and domination. What has happened in this process is that Goldman Sachs, JPMorgan Chase and other mega-banking has retained power for decades. They control all the players in the field, so the outcome is always in their favor. The bankers and others in turn are paid via billions of dollars in bonuses."""


There are ETFs and mutual funds that pay dividends. Mutual funds and ETFs are quite similar. Your advisor is correct regarding future funds you invest. But you already had incurred the risk of buying an individual stock. That is a 'sunk cost'. If you were satisfied with the returns you could have retained the HD stock you already owned and just put future moneys into an ETF or mutual fund.  BTW: does your advisor receive a commission from your purchase of a mutual fund? That may have been his motivation to give you the advice to sell your existing holdings.


"There are two things I can think of that might be different in other countries: Until 2013, American Express, Visa and MasterCard prevented businesses from charging extra for credit card usage, and credit card surcharges still illegal in several states. Since credit card companies add a surcharge to credit card purchases, and merchants can't pass that onto credit card users, they just make everyone pay extra instead. Since everyone gets charged the credit card surcharge, you might as well use a credit card and recoup some of that via ""rewards"" points. Almost all credit cards here have grace periods, where you won't be charged interest if you pay back your loans in full within some period of time (at least 21 days). This makes credit cards attractive to people who don't need a loan, but like the convenience that credit cards provide (not carrying cash, extra insurance, better fraud protection). Apparently grace periods aren't required by law here, so this might be common in other countries as well."


The main reason is that a public company is owned by its share holders, and share holders would care about the price of the stock they are owning, therefore the company would also care, because if the price go down too much, share holders become angry and may vote to oust the company's management.


The author of this article Matt Levine, is a well known contributor to dealbreaker.com as well. I think he's the best out there writing on finance topics. Most finance bloggers sit in an ivory tower and have no real experience or the type of intimate knowledge Matt brings tote table.


a MUST READ for consumers planning to apply for unsecured credit cards! it offers excellent tips on how you can avoid and properly deal with the drawbacks associated with these card programs. hope you can help us promote it to all your friends!


What else would wealth be in if not financial assets? Real estate or art?   Financial assets are generally ownership stakes in a company, or promises from a company/government to repay you money that you've lent them.   I guess I don't see how it could be Dystopian at all.


You can use xoom.com or western union. They are both pretty much the same, as they do not charge any fees but take a cut of 0.7-0.8% on every dollar. However, there is a minimum and maximum limit of sending money. If you want to transfer more, you can wire money in through a financial institution such as Wells Fargo or Chase bank or look to see if there is a State bank of India around you. I am quite sure that they charge $15 plus 0.20-0.30% on every dollar( The last time I used it). Hope this helps.


"The argument puts forth a false dichotomy in support of an ideological position.  The ""1%"" is also a perjorative term that's rapidly becoming noxious.   Entrepreneurs organise the effort that leads to fulfillment of consumer demand and create jobs when doing so.  Consumer demand does not magically result in supply. It requires an organiser."


All the items listed are required for International Wire transfer. In wrong hands this info along with other info can cause issues. Most of the times you trust the person with this info and hence is less cause to worry. So the key is if you don't trust, don't give the details. Use alternatives like; Best open an account for receiving funds. Share the details, once the funds are received move it to an account where the details have not been shared. Alternatively paypal or other such services can help.


> that there isn't anything  No one has said that.  In Lewis' example of sitting next to the big shot's wife: He was invited only that night, and the husband & wife had very likely purchased tickets long before.  How did he give himself that advantage?  Being ready to spring on such an opportunity doesn't do you any good if it doesn't coalesce.   You're concentrating on the results of these nexus, when Lewis' point is that they come about.  Positively taking advantage of them is presumed.


"The formula is actually as follows: (0.06571441 * V^2) + 15 * V, where V is the value divided by 1,000 which gives us AU$ 23,929 You find the same value using the calculator you linked to if you select ""Investment"" instead of ""Primary Residence"" or uncheck ""I am a first home buyer""  Edit: I don't know how they determine the $AU 821, it might be worth calling them. From looking up the First Home Owner Discount, it looks like no stamp duty may be due if you qualify for the discount: From 1 September 2016, the Northern Territory Government introduced increased stamp duty assistance for first home buyers who purchase an established home in the Northern Territory up to the value of $650 000. The First Home Owner Discount (FHOD) is a full stamp duty concession on the initial $500 000 value of the home, which equates to stamp duty savings of up to $23 928.60. For established homes valued at more than $650 000, a stamp duty saving of $10 000 is available until 31 December 2016. source: Department of Treasury and Finance"


They are a business. You're not a corporation. They paid you more than $600 during the year, so they're supposed to send 1099 to you and the IRS about it. They need your taxpayer certification (W9) for that. They were supposed to ask for it before they paid you, but yes - they're supposed to ask for it.


You're not missing anything. Consumer protection in the US is very basic and limited, if at all. So if someone claims you owe them something, it would be really hard for you to prove otherwise unless you actually drag them to court. Especially if there actually was a relationship, and there probably is some paperwork to substantiate the claim. I suggest talking to a consumer issues attorney.


"Yeah, this is an awfully petty article. The writer wants to make a big deal about ""The safety and security of her methods"" and why that's a bad thing, but it isn't. Beyonce bought 500,000 copies of her single on Itunes because she didn't promote it and it would have flopped otherwise.  Don't get me wrong, there's a certain flair and style to weirder, less mainstream marketing campaigns, but if you're trying to sell an album's quality on how weird you sold the album, you're going to fail. It's not like everybody can be Buckethead and release progressively weirder shit just for the hell of it.  Why even criticize the current Album release trends? It's one of the best parts of music. If I'm a fan of Taylor Swift, then I don't need to worry about following some bullshit ARG, or cracking a code or checking her facebook the day her no promotion album is released and being lucky enough to notice. I want a few reminders, every couple days, so I can get excited. I want a single to drop, so I can get a feel for the general tone and theme of the album, and see if I want to buy.   Being different for the sake of being different is no better than liking something just because everybody else does."


"If demand for real goods & services is slow, they apparently play silly-buggers with the financial system by coming up with weird new forms of securities to buy from each other to make it look like they're doing useful with the money, when they're really just pushing it around between each other & not really letting any of it ""dribble down"" to the peons."


If you have a credit card with no interest free period, there is no drawback as you will be saving interest the sooner you pay it off. However, if you have a credit card with an interest free period, the drawback on paying it earlier than the due date (such as when you first get the statement) is that you lose out on interest. For the period between when you first recieve the statement to when it is due, you could have your money earning you interest in a high interest paying savings account. Depending on how much you spend on your credit card each month and the interest rate you get, this may add up to quite a bit of additional cash each year.


Foreign policy being regime change in Iraq was the goal, the method was invasion to achieve this, and nation building to avoid the need for continuous military presence. Conflating military action with foreign policy objective, as you did when conflating government action with military action, are just ways of obscuring things by using more vague terms. We’re talking about outsourcing military functions.   There are many things the government does which are not wasteful and which private enterprise is not well suited for – but that’s another debate.   If you measure outsourcing of military functions by headcount or expense, the same point is made, which is the military (and associated) functions are outsourced and there’s no reason to think this won’t continue or increase. Really, I don’t even see this point as being controversial or debatable. The extent may vary but so does everything. It's a reality and it's not going away.


borrow money from the Central Bank Wrong premise. They cannot borrow as much as they want and they cannot borrow without collateral i.e. government debt instruments they hold or any other instrument with value.  And banks don’t have unlimited collateral to borrow against.  Secondly central banks aren’t in the business of lending unlimited money. The more money they lend out, the more is the money supply which stokes inflation which will eventually lead them to stop lending. At any point of time they want a certain amount of money movement, so they can control inflation and interest rates within an agreed limit and as limited by their economy. No sane central bank would want to stoke hyperflation by printing money at will e,g, Helicopter money. So the only other way for banks is to accept deposits from private individuals. You can also argue that banks make money by connecting lenders and borrowers and make their profit by being the middleman without using their assets. So you can say they are making a profit with the minimum usage of their capital. Albeit they have the central bank looking over their shoulder to police their behaviour. While some banks do charge fees for keeping deposits Yes but many provide certain extra services for which they charge. That is how they differentiate between no fee accounts and fee paying accounts.


This post has a great discussion on the topic. Basically, there is no single interest rate above which you should pay off and below which you should keep. You have to keep in mind factors such as


I would talk to your HMRC tax office they do have guidance on this issue here  http://www.hmrc.gov.uk/working/intro/employed-selfemployed.htm


"These have the potential to become ""end-of-the-world"" scenarios, so I'll keep this very clear. If you start to feel that any particular investment may suddenly become worthless then it is wise to liquidate that asset and transfer your wealth somewhere else. If your wealth happens to be invested in cash then transferring that wealth into something else is still valid.  Digging a hole in the ground isn't useful and running for the border probably won't be necessary. Consider countries that have suffered actual currency collapse and debt default.  Take Zimbabwe, for example.  Even as inflation went into the millions of percent, the Zimbabwe stock exchange soared as investors were prepared to spend ever-more of their devaluing currency to buy stable stocks in a small number of locally listed companies. Even if the Euro were to suffer a critical fall, European companies would probably be ok. If you didn't panic and dig caches in the back garden over the fall of dotcom, there is no need to panic over the decline of certain currencies.  Just diversify your risk and buy non-cash (or euro) assets. Update: A few ideas re diversification: The problem for Greece isn't really a euro problem; it is local. Local property, local companies ... these can be affected by default because no-one believes in the entirety of the Greek economy, not just the currency it happens to be using - so diversification really means buying things that are outside Greece."


No idea if there was an intermediate authority involved, but I was led to believe it was direct to Walmart.  What is the likelihood that Walmart is buying the low grade produce for the same reason as the juice companies?  The produce on the shelf is ~~never~~not-normally  bad looking.


Look at a mixture of low-fee index funds, low-fee bond funds, and CDs. The exact allocation has to be tailored to your appetite for risk. If you only want to park the money with essentially no risk of loss then you need FDIC insured products like CDs or a money market account (as opposed to a money market fund which is not FDIC insured). However as others have said, interest rates are awful now.  Since you are in your early 30's, and expect to keep this investment for 10+ years, you can probably tolerate a bit of risk. Also considering speaking to a tax professional to determine the specific tax benefits/drawbacks of one investment strategy (funds and CDs) versus another (e.g. real estate).


> outside of Germany, you have abysmal unemployment rates  Europe has a higher unemployment rate, but that's OK - they have a strong social safety net. Unemployed people still get excellent free healthcare, unemployment benefits, university is still free. Europe does not optimize for full employment.  > The US unemployment rate during the Great Recession peaked at 10%  [Factually incorrect. 25%](https://en.wikipedia.org/wiki/Great_Depression)  > You can have labor that is controlled like you mention and high unemployment or lower controls and less unemployment. Is it better to have high unemployment but workers that are better off or lower unemployment and workers that aren't as well off?  Life is better in Europe. You know The State has got your back. You cannot lose your pension because your company went bankrupt (the pension funds are independent of the employer), healthcare is great and free at point of consumption, your kids will go to the best collage they can get into, because all collages are free.   > The Euro zone is forgetting how to be competitive. We live in an economy where price matters. The price of labor determines the prices of goods and services. And supply and demand of products and services are determined by prices. Its a cold hard truth.  You are optimizing for the wrong target. If you push price of labor down, you push standards of living down. That's not good. That's missing the point of having a State and an economy. We build our society to make out life better, not to generate shareholder value.


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It is possible to figure out the next price. Just not for Joe Average. A stock exchange has a orderbook. This has two sides. One side has alle the buyers, how many shares they want, and what they are willing to pay. The other side has all the sellers, how many shares they got, and what price they are willing to accept. If any buyers and sellers match up, their orders are executed, money and shares are exchanged, everyone is happy. So the current asking price (the price you have to pay, to get some shares) is currently 12.46$. Let's say you want 6000 shares, for any price. The orderbook now looks like this: Your order is executed, you get 6000 shares for a total of 74,761$ (5900 * 12,46 + 100 * 12,47$). The order book now looks like this: The new asking price is 12.47$. Congrats, you knew the price in advance. Of course this is simplified, there are millions of entries on both sides, thousands of trades happen every millisecond and you'll have to pay the stock exchange a lot of money to give you all this information in real time.  That's what high frequency traders are doing. They use highly specialised computer systems to exploit differences in stock exchanges all over the world. It's called arbitage. They have to be faster than the other guy. This race has gone on for a few years now, so that the limiting factor starts to become the speed of light. YOU are not going to benefit, or else you would not be asking questions on PERSONAL finance :)


I did this for the last tax year so hopefully I can help you. You should get a 1099-B (around the same time you're getting your W-2(s)) from the trustee (whichever company facilitates the ESPP) that has all the information you need to file. You'll fill out a Schedule D and (probably) a Form 8949 to describe the capital gains and/or losses from your sale(s). It's no different than if you had bought and sold stock with any brokerage.


I would pay the minimum amounts on all loans then pay off the $5,500 @ 7.25% (highest interest rate), then pay any remainder on the $2,000 @ 5.5%.  Even though (1) and (3) are at the same rate, I would pay (3) off first as it is a smaller amount and thus can be paid off sooner - giving you less loans to concentrate on paying off .


You can be favor of this instance of the mechanism, as well as in favor of the mechanism's existence while still disagreeing with its implementation elsewhere. Private companies should be allowed to do this, even if sometimes I don't like who they choose to use it against.


"The rent payment is in principle taxable. However, you should be able to take advantage of the ""rent a room"" scheme, and the proposed rent falls well under the £7,500/year tax threshold for that. So no tax will be actually payable and you don't have to formally declare it as long as you stay below that threshold. You should also be fairly well legally protected in case you do split up in future and you want to remove her. As you would be living there too, she would just be a lodger, not a tenant (technically, an ""excluded occupier""). If you did want her to leave you would only need to give reasonable notice and wouldn't need a formal court order if you needed to force her to go. As JBentley points out, there have been court cases where domestic partners contributing to household expenses while the other partner paid the mortgage have later been able to claim that this implied joint ownership. This was on the basis of a ""constructive trust"" being implicitly setup by the way they arranged their finances. In your case, if there's a clear intention, formalised in writing, for the money to be treated as rent rather than a contribution towards purchasing the property, I think it should make it very hard to claim the contrary later. I would also suggest you be clear about whether the rent includes a share of the utility bills, and that things like groceries would be handled separately and split 50:50 or whatever. As pointed out in a comment, there are template agreements for lodgers you could use a starting point (e.g. this one), but it's likely you'd need to customise it to your circumstances. Another point made in another answer is that there's potential upcoming legislation to give some rights to cohabiting partners. In the current draft, those would kick in after three years or having children. If the bill does come into effect, you'd also be able to sign an opt out, but only after getting legal advice, and it would still be possible (though presumably hard) to persuade a court to overturn an opt out. Overall that does create a small risk to you, but not one that comes directly from your girlfriend paying rent. It's likely that if you are both on an equal financial footing and had always kept your finances separate, that there wouldn't be any award made anyway. And you can't run your entire life on hypothetical risks."


"First Bernie, I found something I hadn't seen before. I will need to see sources, but actually they are claiming that it is on every stock, bond or derivative. As more than half of Americans just own stock, that would hurt a lot of people.  To get a better route on this argument we need to do something first about the first part of your response.  We need to separate what I'm just going to call the ""old infrastructure"" and the ""new infrastructure"", let's say the difference is all new infrastructure is what I've had a ""say"" in, either I was able to vote for the politician/referendum.  If I vote no against that politician/referendum, that means I am not asking for it. That is clearly not the same as ""I didn't ask to be born""  Even if I didn't vote in the poll, that still doesn't mean that I should be implicitly taken as a yes.  > I am sure there are millions of people born in third world countries who would feel for your horrible plight!  Ah yes, the people have it worse than you do argument. I really don't need to say anything else to that.  > Ahh, but either exist without society and the stability of civilization? While Democracy and a Republic are imperfect, they are a sight better than a Theocracy or a monarchy.  I love how you assume that it takes a government to have a stable civilization.  Also, it's not like I'm advocating for a Theocracy or Monarchy so that really doesn't matter. I advocate for something better than a Democracy or Republic. A society in which involves individuals as the key element of society. I want individuals to have maximum freedom to pursue their own goals however they see fit as long as they don't interfere with others natural rights.  None of which needs the involvement of the government to do so. All of which we can discuss if you would like.  The only infrastructure I truly need to trade stock now is my computer (made by a private business), my electricity (provided to me by another private business), and my internet connection.  Yes you can make the argument that the government ""created the internet"". Really they created packet switching but regardless.  The internet doesn't have much function if you have no interface to use it with. Xerox made not only the first graphical computer, which of course later inspired Steve Jobs at Apple, they also made the first standardized Ethernet connection.  The internet is nothing if you can't even connect to it.  Additionally, it's not like a private enterprise couldn't maintain the internet infrastructure. They do virtually everything that runs from the backbone to my apartment.  So really, I don't need the government to be able to trade my stocks.  > Statistics tell us otherwise.  That is simply not the case, you said yourself earlier that it was something that we can't know. You're right in the aspect that we can't know. The past is the past and the present is the present. It is impossible to see what would have happened if we changed X in the past.  Statistics can help us with things like demographics in Iran or probabilities of being rich. However, ""statistics"" can't help us in this case.  Thank you for the compliment. I do admire your ability to maintain your debate without defaulting to something like yelling and screaming, ad hominems, etc.    Edit: I don't know why I didn't immediately think of this, I remember reading all of the articles about it. There are a lot of examples like the f-35 fighter jet that cost American Taxpayers nearly $1.5 trillion.  http://time.com/money/4310099/f-35-budget-pay-free-college-student-loans/  I'll need to find some links to it. But I also remember seeing that the Pentagon misappropriated I think somewhere in the range of $6.5 trillion on their balance sheet. Just gone, the value of 8x Apple Corporation, just ""disappeared"".  To put just those two issues in perspective, that is almost 25,000 for every man, woman, and child in this country"


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The sun rises over East Asia and with it Monday comes.  If this week is anything like last week you would have done well to save your energy because I am sure there is lots of fun and games to come.  What pillars of American society shall we crush this week, what foundations shall we witness crumble to dust, what shall we trod over in the coming days  Oh . .don't worry poppets  Whats the worst that could happen?


Net Neutrality has more to do with the fact that companies could start prioritizing or blocking access to certain websites and services where they have an incentive to.   To use you example of roads, say for instance that a car manufacturer paid the govt to have the speed limit raised for their vehicles or even reduced the speed limit for other manufacturers. This would create an I level playing field.   That is closer the reality of NN, than your example.


"Genuine (nearly) passive income can be had from some kinds of investing. Index funds are an example of a mostly self-managing investment. Of course investment involves some risk (the income is essentially paying you for taking that risk) and returns are reasonable but proportional to the risk -- IE, not spectacular unless the risk is high. If someone is claiming they can get you better than market rate of return, look carefully at what they are getting out of it and what the risks are. Fees subtract directly from your gains, and if they claim there is no additional risk, they need to prove that. You are giving someone your money. Be very sure you are going to get it back. If it isn't self-evident where the income comes from, it's probably a scam. If someone is using the term ""auto-pilot"", it is almost certainly a scam. If they are talking about website advertising and the like, it is far from autopilot if you want to make any noticable amount of money (though you may make money for them)."


Buy used vending machines, fill them with high margin high demand shelf stable items, negotiate leases in high traffic areas. For example, single diapers and servings of formula at a children's playground. Or flipflops and breath mints outside a night club.


"I think there's a measure of confirmation bias here. If you talk to somebody that started a successful business and got a million out of it, he'd say ""it's easy, just do this and that, like I did"". If you consider this as isolated incident, you would ignore thousands of others that did exactly the same and still struggle to break even, or are earning much less, or just went broke and moved on long time ago. You will almost never hear about these as books titled ""How I tried to start a business and failed"" sell much worse than success stories. So I do not think there's a guaranteed easy way - otherwise we'd have much more millionaires than we do now :) However, it does not mean any of those ways is not worth trying - whatever failure rate there is, it's less than 100% failure rate of not trying anything.  You have to choose what fits your abilities and personality best - frugality, risk, inventiveness? Then hope you get as lucky as those ""it's easy"" people are, I guess."


Actually; you may find the answer on WhatsApp blog itself http://blog.whatsapp.com/245/Why-we-dont-sell-ads


Again, if people are willing to pay him that much to speak at their university or company, what's the issue? The market is setting a price for him. How much do you think Trump was paid for his work on *The Apprentice* per episode? What is the issue with someone negotiating with someone else to exchange service for money?


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There's also transit into and out of the top 1% - I don't have the figures at my disposal, but except for those in the 0.01%, making that hurdle doesn't imply that person will make it the next year.  For example, a couple on my street sold his bar for mucho dinero and then retired.


"An important point yet to be mentioned is that, with a standard investment, the most you can lose of your £100 stake is £100 (if the company literally goes bust, say). With shorting on the other hand, your downside is not limited to your initial stake.  You could ""invest"" £100, but end up owing £200, £500, or, well, the sky's the limit. Shorting is dangerous even for experienced investors.  For a beginner, it is about the worst possible investment strategy I can think of!"


A lot of people will probably talk about appearance, body language and all the rest of the social stuff  I say..If you have evidence to prove you are competent to do the job, concentrate on that..just the facts, clearly explained  Of course, if you are incompetent..get a nicer suit, learn how to shake hands and practice brown-nosing


This is kind of a silly article and it mostly misses the point.  First, Google and others essentially have in-house investment banking departments that are vetting, valuing, negotiating, and sealing these deals. These M&A guys are mostly former bankers.   So while they may not be using investment banks, they are certainly using bankers. Google has $60B in cash and does dozens and dozens of acquisitions each year. It's not surprising they find it appealing to move the banking function in-house.   Second, certain tech companies like Google and Facebook and Zynga have unique corporate structures where the CEO / founders retain majority voting control of their companies.   This means guys like Zuckerberg, Page, Brin, Pincus et al control over 50% of all voting shares and they cannot be ousted by the board of directors, nor can they be overruled on any matter via a proxy battle. This gives these founders far reaching control over M&A and thus you see deals like the $19B cash + stock WhatsApp acquisition (and Instagram); both of these deals were reportedly driven by Zuckerberg himself who not only initiated and vetted the deals, but determined the price.   Most CEOs do not have this kind of latitude.   Third, within Silicon Valley, the network is very small and tight and everybody knows each other. The CEOs, founders, VCs, etc...they all know each other and they know who to call when they are looking to acquire.  It's not like Zuck needs a banker to tell him to check out Snapchat...


For the case of spinoffs it reflects the market as activities as the specific steps that have to be followed take place. For example the spinoff of Leidos from SAIC in 2013. (I picked this one becasue I knew some of the details) On September 9, 2013, the Board of Directors of SAIC, Inc.(Ticker   Symbol (NYSE):SAI) approved the following:  The separation of its technical, engineering and enterprise information technology services business through the distribution of   shares of SAIC  Gemini, Inc. to stockholders.  Each stockholder of   record of SAIC, Inc. as of  September 19, 2013 (Record Date) will   receive one (1) share of SAIC Gemini, Inc. common stock for every   seven (7) shares of SAIC, Inc. common stock  held by such stockholder   as of the Record Date.   This distribution will be effective after   market close on September 27, 2013 (Distribution Date).  After the   Distribution Date, SAIC Gemini, Inc. will be renamed Science   Applications International Corporation (New SAIC). A one (1) for four (4) reverse stock split of the SAIC, Inc. common stock effective as of Distribution Date. After the Distribution Date,   SAIC, Inc. will be renamed Leidos Holdings, Inc. (Leidos). Q 11: What are the different trading markets that may occur between   Record Date and Distribution Date? A: Beginning two days prior to the Record Date of September 19, 2013   through the Distribution Date on September 27, 2013, there may be   three different trading markets available with respect to SAIC, Inc.   and the separation. Stock Ticker – SAI (Regular Way Trading with Due Bills): Shares of SAI common stock that trade on the regular-way market will trade with   an entitlement to shares of the New SAIC common stock distributed on   the Distribution Date.  Purchasers in this market are purchasing both   the shares of Leidos and New SAIC common stock. Form of Stock Ticker –SAIC (When Issued Trading): Shares of New SAIC common stock may be traded on a “when-issued” basis.  These   transactions are made conditionally because the security has been   authorized, but not yet issued.  Purchasers in this market are only   purchasing the shares of  New SAIC common stock distributed on the   Distribution Date. Form of Stock Ticker – LDOS (Ex-Distribution Trading): Shares that trade on the ex-distribution market will trade without an entitlement   to shares of New SAIC common stock distributed on the Distribution   Date.  Purchasers in this market are only purchasing the shares of   Leidos common stock. So the stock price for New SAIC starts a few days before the record date of 19 September 2013, while LDOS (new name for the old SAIC) goes back much earlier. But the company didn't split until after the close of business on 27 September 2013. http://investors.saic.com/sites/saic.investorhq.businesswire.com/files/doc_library/file/GeneralStockholder-QuestionsandAnswers.pdf


"Sure thing. There is a pretty well established level of understanding that interviewers expect from undergrads (expecially from finance majors) which will fall under the technical questions part of the interview. You can find them on wso, vault guide to ib, and elsewhere. You can ask people at specific banks, but they'll mostly recite ""know your technicals."""


>If you don't have a charger and you run out of battery, you're screwed.  I agree. I have this image of a post apocalyptic future: a Henry Bemis-alike sitting on the steps of Amazon HQ, on his knees, with a Kindle that shows the status: 5% battery life remaining.


Start as soon as you can and make your saving routine.  Start with whatever you feel comfortable with and be consistent.  Increase that amount with raises, income gains, and whenever you want.


"Agreed, and the problem is the product. I have Sony Reader, and I love the device itself, but the Adobe DRM that most (all?) non-amazon ebookstores use is locked to Adobe's eBook software ""Reader"" (not to be confused with Adobe Reader) is really buggy and completely vanilla in terms of features. It's so bad that I use Calibre whenever I can, and Calibre isn't exactly intuitive software, but at least it has some functionality in terms of converting formats and organizing my library."


In general, you don't need to keep bills around for more than a few months.  The exceptions are: anything that was itemized on your federal or state income taxes. You want to keep these around for seven years in case of an audit by the IRS brokerage statements buying/selling stocks, bonds, mutual funds, etc.  You need to know how much you bought a stock for when you sell it, to calculate capital gains. information relating to major renovations to your house.  This can be used to reduce the gain when you sell. anything relating to a business, again for tax and valuation purposes. When selling a house, the last years worth of utility bills might be useful, to show potential buyers. However, I get almost all of my recurring bills electronically now.  They get saved and backed up.  In that case, its easier to just keep everything than to selectively delete stuff.  It takes very little space, is easier to find things than in paper files, and is much less hassle when moving than boxes full of paper.


Opening - is the price at which the first trade gets executed at the start of the trading day (or trading period). High - is the highest price the stock is traded at during the day (or trading period). Low - is the lowest price the stock is traded at during the day (or trading period). Closing - is the price at which the last trade gets executed at the end of the trading day (or trading period). Volume - is the amount of shares that get traded during the trading day (or trading period). For example, if you bought 1000 shares during the day and another 9 people also bought 1000 shares each, then the trading volume for the day would be 10 x 1000 = 10,000.


Don't let tax considerations be the main driver. That's generally a bad idea. You should keep tax in mind when making the decision, but don't let it be the main reason for an action. selling the higher priced shares (possibly at a loss even) - I think   it's ok to do that, and it doesn't necessarily have to be FIFO? It is OK to do that, but consider also the term. Long term gain has much lower taxes than short term gain, and short term loss will be offsetting long term gain - means you can lose some of the potential tax benefit. any potential writeoffs related to buying a home that can offset capital gains? No, and anyway if you're buying a personal residence (a home for yourself) - there's nothing to write off (except for the mortgage interest and property taxes of course). selling other investments for a capital loss to offset this sale? Again - why sell at a loss? anything related to retirement accounts? e.g. I think I recall being able to take a loan from your retirement account in order to buy a home You can take a loan, and you can also withdraw up to 10K without a penalty (if conditions are met). Bottom line - be prepared to pay the tax on the gains, and check how much it is going to be roughly. You can apply previous year refund to the next year to mitigate the shock, you can put some money aside, and you can raise your salary withholding to make sure you're not hit with a high bill and penalties next April after you do that. As long as you keep in mind the tax bill and put aside an amount to pay it - you'll be fine. I see no reason to sell at loss or pay extra interest to someone just to reduce the nominal amount of the tax. If you're selling at loss - you're losing money. If you're selling at gain and paying tax - you're earning money, even if the earnings are reduced by the tax.


I realize this is a stale topic, but to anybody who may swing by looking for an answer to this question (on the recently revised W-8BEN), a foreign taxpayer can get an individual taxpayer identification number (ITIN) without being resident in the US.  However, an ITIN will often not be necessary for W-8BEN purposes if you have a tax number from your local jurisdiction.  Check the Form W-8BEN instructions for your specific situation, but some taxpayers will need neither a US-issued ITIN nor a foreign-issued TIN. Forming a Delaware or Nevada LLC would be expensive and generally subject to federal and state tax and filing obligations.  It would also moot the need for a W-8BEN, which only applies to foreign taxpayers; the equivalent form for domestic taxpayers is Form W-9.


This is what I was going for with an above example. The farmer may have worked to provide 12 apples, but if he leaves them outside and I pick them up, I've done almost nothing.. and yet the guy who wants apples is still willing to trade 1 pelt for twelve apples, cause hey, he likes apples.


If you have the skills and the desire, you can start small as a side business while working a regular job. Get client referrals from friends and friends of friends that utilize your services. I know a few small business owners who started companies exactly that way. Eventually their side gig, became their main gig. Some sold out for millions and others are enjoying what they do, and now employ other people to assist them.


Your analysis is correct.  The income statement from Google states that LinkedIn made $3.4 million in 2010 - the same number you backed into by using the P/E ratio.  As you point out, the company seems overvalued compared to other mature companies.  There are companies, however, that posts losses and still trade on exchanges for years.  How should these companies be valued?  As other posters have pointed out there are many different ways to value a company.  Some investors may be speculating on substantial growth.  Others may be speculating on IPO hype. Amazon did not make a profit until 2003.  Its stock had been around for years before that and even split many times.  If you bought the stock in 1998 and still have it you would be doing quite well.


According to the link you provided, these inflation numbers are the year-over-year inflation amounts for a given month.  For example the February number of 7% means from February 2015 to February 2016 the annual inflation rate was 7%.  It's difficult to nail down the impact of inflation at a micro level from month to month.  You need to understand what's in the basket of goods.  As an example, the price of a widget won't move from $1 to $1.04 in one month because of a 4% inflation rate. But considering the incremental price changes of a large number of consumer items over a long time period you can get to an inflation rate.  The price of an apple might not have changed but maybe the price of aspirin did.


"Congratulations on keeping better track of your finances! Typically there will be a class of accounts labelled ""Income"", under which you will have a separate account for each type of income (stock dividends, paychecks, home appreciation, etc). In that case, showing your income would be a transfer from the Paycheck account to your Checking account.  Note that, as there are no offsetting transactions, this means your income account will steadily accrue a balance over time - just ignore this number, it's only the sum of all your paychecks.  There are methods of dealing with that number (and making the income account have a zero balance), but you don't need to worry about it at this stage.  Just learning to properly track expenses is the major accomplishment."


I'll write this up as a more formal answer, here. I'd suggest looking into a Home Equity Line of Credit, or HELOC. You didn't mention in your question how much equity you have in the home, but assuming at least 20%, you might be able to open a HELOC with a line of $40,000. My experience is that you can do 50% of your equity, but depends on the bank. Here are a few notes that are generally in play with HELOC's (YMMV, so be sure to know the specifics before signing on the line) Doing this, at least when we did 8 years ago, did not subject us to PMI. There are certainly plenty of things to research, but it sounds like you're pretty astute based on how you're evaluating the financial side of this endeavor. There are no guarantees in real estate. Houses could be selling like crazy now, but in 6 months they might not. It certainly sounds like that's a lower risk in your area, but you never know what might happen. If you're taking on this extra line of credit, make sure that it's something you could afford should the worst case scenario happen.  Equity loans are also available. This is a more traditional fixed-rate loan rather than line of credit, so you'd be looking at set monthly payments rather than the flexibility of paying interest only when you need to. There's a brief write-up on the differences here. I have also heard of a construction loan, which falls into the same category as the aforementioned options, but I can't speak to today's market on those.


"Everything is worth what its purchaser will pay for it - Publilius Syrus It could be that, despite predictions from experts to the contrary, investors believe that renegotiating trade deals will have a positive affect on the economy, despite the upheaval uncertainty, and risk that it brings.  Keep in mind that, as Pete B points out, this is part of a bigger post-election trend many people refer to as the ""trump rally,"" which is a factor of more than one policy. Whether or not these policies will actually result in an a more robust economy, investors seem to be betting that it will."


But if someone already payed for it once, they should consider making it available to others. There is alot of things that costs money but is available for free on the internet today. I find it hard that alot of people with access would not share that kind of info, just to screw with the big guys.


"No one thinks a flat tax is a good idea.  As someone that has a good income, I would love to be paying 20%.  But I doubt a poorer person paying 5% would agree.  Flat tax is regressive and hurts poorer people the most.  ""The flat tax falls flat for good reasons""  https://www.washingtonpost.com/posteverything/wp/2015/05/26/the-flat-tax-falls-flat-for-good-reasons/"


This situation is certainly difficult to handle. While there are good reasons for and against giving or loaning money directly why not handle this in an open and honest way?  Give your friends the link to your question, which shows that you care about their well-being and the friendship. It also shows that you are deeply concerned that the situation might become worse if they are unable to get the finances in order.  If a close friend of mine would be so concerned it would definitely get me starting to think about the situation and possible ways out of it. There will be no single solution to the problems they are facing but having friends that actually care can stabilize such a tricky situation much more than any small financial gain. When a friend of mine was in deep financial trouble he did not hang out with us anymore because we often met in bars or cafés which were at that point just too expensive for him. So simply changing the location to a less expensive place allowed him to participate in social life again and was much better if we would have payed for him and created an atmosphere of social debt.


"Ha! If you read his story this guy is a natural businessman. It's just that he didn't care how he made money, so that got him arrested.  ""Hutson spent over four years in prison after getting busted for an opportunity he saw in drug trafficking, a huge market, and one that was as he saw it, ripe for disruption. Police busted him at his Vegas mail store, where he’d been reducing inefficiencies by rerouting marijuana through his Florida business via FedEx, UPS and DHL."""


To understand the answer we first have to understand what Goodwill is. Goodwill in a companies balance sheet is an intangible asset that represents the extra value because of a strong brand name, good customer relations, good employee relations and any patents or proprietary technology. An article from The Economist explains this very well and actually talks about Time Warner directly - The goodwill, the bad and the ugly When one firm buys another, the target’s goodwill—essentially the   premium paid over its book value—is added to the combined entity’s   balance-sheet. Goodwill and other intangibles on the books of   companies in the S&P 500 are valued at $2.6 trillion, or 10% of their   total assets, according to analysts at Goldman Sachs. As the economy deteriorates and more firms trade down towards (or even   below) their book value, empire-builders are having to mark down the   value of assets they splashed out on in rosier times. A recently   announced $25 billion goodwill charge is expected to push Time Warner   into an operating loss for 2008, for instance. Michael Moran of   Goldman Sachs thinks such hits could amount to $200 billion or more   over the cycle. Investors have so far paid little attention to   intangibles, but as write-downs proliferate they are likely to become   increasingly wary of industries with a high ratio of goodwill to   assets, such as health care, consumer goods and telecoms. How bad things get will depend on the beancounters. American firms   used to be allowed to amortise goodwill over many years. Since 2002,   when an accounting-rule change ended that practice, goodwill has had   to be tested every year for impairment. In this stormy environment,   with auditors keener than ever to avoid being seen to go easy on   clients, companies are being told to mark down assets if there is any   doubt about their value. The sanguine point out that this has no effect on cashflow, since such   charges are non-cash items. Moreover, some investors take goodwill   write-offs with a pinch of salt, preferring to look past such   non-recurring costs and accept the higher “normalised” earnings   numbers to which managers understandably cling. The largest companies   are thus able to survive thumping blows that might otherwise floor   them, such as the $99 billion loss that the newly formed but   ill-conceived AOL Time Warner, as it then was, reported for 2002. But   the impact can be all too real, as write-downs reduce overall book   value and increase leverage ratios, a particular concern in these   debt-averse times.


Even without fraud, a company can get into serious trouble overnight, often through no fault of their own. That's part of the hazard of being part owner of a company -- which is what a share of stock is. As a minority owner not involved in actually running the business, there really isn't a lot you can do about that excep to play the odds and think about how that risk compares to the profit you're taking (which is one reason the current emphasis on stock price rather than dividends is considered a departure from traditional investing) and, as everyone else has said, avoid putting too much of your wealth in one place.


I'll give it a shot, even though you don't seem to be responding to my comment. SIPC insures against fraud or abuse of its members. If you purchased a stock through a SIPC member broker and it was held in trust by a SIPC member, you're covered by its protection. Where you purchased the stock - doesn't matter. There are however things SIPC doesn't cover. That said, SIPC members are SEC-registred brokers, i.e.: brokers operating in the USA. If you're buying on the UK stock exchange - you need to check that you're still operating through a US SIPC member. As I mentioned in the comment - the specific company that you mentioned has different entities for the US operations and the UK operations. Buying through them on LSE is likely to bind you with their UK entity that is not SIPC member. You'll have to check that directly with them.


No need to apologize.  I'm wrong many times too.  Africans are incredibly entrepreneurial.  They have to be.  With zero government safety net, they don't have a choice.  But corruption is so endemic and engrained in their culture, progress is not just stifled, it's impossible.  The trillions thrown Africa's way over the past decades has not trickled down.  It's a bit like the bank bailouts in the west. The ordinary person hasn't benefited at all.


"The problem with these services is that they resell a random assortment of programs at a pretty high price.  Buying the programs a la carte adds up quick, especially when a SD stream of varying quality costs as much or more than the DVD set when it is released (don't get me started on the HD up-charges).  That's per show, per season.  It makes it really expensive to catch up on a season, when you are essentially ""buying the seasons"" to stream them, when all you want to do it ""rent them"" instead.  The way this is not like steam, and the point I think OP is trying to make, is that stuff is all over the place.  People don't want to have to jump between Hulu, CBS.com, iTunes, Netflix, Amazon, etc.  Plus, some places have some things for free, some charge a monthly fee, some charge per-view (rent), some charge once per show/season/movie (buy), etc.  Some offerings that are free are actually sold for a fee through other services.  Right now, it's sort of a mess.  I'm not even sure what the right model is (buy, rent, season pass, ad-supported, etc) and I'm sure there will be competing models for the foreseeable future."


"A paper EE series US Savings Bond is what is called a zero-coupon bond: you buy it at a discount from the face value (50% discount for US Savings Bonds), and it earns interest though you don't get the interest as cash (that you could invest elsewhere). Instead, the interest earned increases the  redemption value of the bond -- the money that you will receive if you take the bond to your bank to cash it in before the maturity date. When the bond finally matures, its redemption value has increased to the full face value.  The maturity date for paper EE series US Savings Bonds issued in May 1995 is 17 years. Now, with zero-coupon bonds in general, the IRS requires that the interest earned each year be reported as interest income even though you did not receive any cash income, and tax is due on the interest (unless it is a tax-free municipal bond or the bond is held in a tax-deferred investment such as an IRA or 401(k) plan). However, there is a special exemption for EE Series US Savings Bonds in that the owner has the option of not declaring the interest each year but instead reporting all the accumulated interest as interest income in the year of redemption. (Most people choose this option). It is not capital gains as you would like to be.   So, if your grandfather paid $11K$ for EE series US Savings Bonds in May 1995, the face value of the bonds he received was $22K, and, assuming that your grandfather followed typical practice, the bonds were worth $22K in May 2012, and $11K interest income needed to be declared that year.  This matches up pretty well with the amount the IRS told him was interest income on which he had to pay income tax (though the year is off by 3).  Now, your grandfather died in 2008, and what happened to the bonds depends on in whose name(s) the bonds were registered (e.g. was your father named as the survivor on the bond), or, if your grandfather was the sole owner, how your grandfather's estate was handled (the interest accrued till your grandfather died belonged to the estate). Note also that EE series bonds continue to earn interest in years 18 through 30 after they mature, but at maturity, the interest rate is reset by the Treasury, usually to the long-term interest rate which has been very small over the past many years. So, the interest earned in 2012-2015 when your father effectively redeemed the bond is small enough that the ""approximately $11K"" could be construed as covering $11.3K consisting of $11K of interest before maturity and $300 interest (at about 1% per annum) over the three-year post maturity period. The $100 interest earned by you for the current year sounds about right too. All in all, it might be the case that your grandfather bought the bonds in his name, your father's name, and your name (were you very young in 1995?), your father and you inherited the bonds in 2008, and then your father removed your grandfather's name from the bonds in 2015, thus transferring the bonds to his name and yours in 2015, and soon thereafter removed his name, transferring the bonds into your name alone. As to why 2015 and not 2008 when your grandfather passed away, did you turn 21 in 2015 (twenty years after the bonds were bought)?"


This!  The quality of life for most is deteriorating.  Just because the poor can afford a hand-me-down Iphone doesn't mean their life isn't shit (kind of like that recent picture of the homeless guy with a smart phone).  Yes in some ways their quality of life is better, with access to smartphones and Ipads, but what about the necessities like food and shelter?  Those things are becoming ever increasingly more expensive.  If the quality of life was improving for the masses, then we wouldn't be having this conversation about inequality now would we?


What I know about small companies and companies who are not listed on the stock markets is this: If a small company has shares issued to different people either within an organization or outside the value of the shares is generally decided by the individual who wants to sell the share and the buyer who wants to buy it. Suppose my company issued 10 shares to you for your help in the organization. Now you need money and you want to sell it. You can offer it at any price you want to to the buyer. If the buyer accepts your offer thats the price you get. So the price of the share is determined by the price a buyer is willing to buy it at from you. Remember the Face value of the shares remains the same no matter what price you sell it for. Now annual profit distribution is again something called dividends. Suppose my company has 100 shares in total out of which I have given you 10. This means you are a 10% owner of the company and you will be entitled to 10% of the net profit the company makes. Now at the end of the year suppose my company makes a 12,000 USD net profit. Now a panel called board of directors which is appointed by share holders will decide on how much profit to keep within the company for future business and how much to distribute about share holders. Suppose they decide to keep 2000 and distribute 10,000 out of total profit. Since you own 10% shares of the company you get 1000. The softwares you are talking are accounting softwares. You can do everything with those softwares. After-all a company is only about profit and loss statements.


That's a rearrangement of the fisher equation; which is the correct way to determine real rates.  However, people often use the approximation real ≈ nominal - inflation; and if you're doing this for homework on software that is looking for exactly 1 numerical answer, they may be expecting you to use that instead.  Real interest rate is less formal nomenclature and refers to using the approximation.  Inflation-adjusted return is the fisher equation.   In the real world you will use the approximation when you're figuring out a real rate while you're talking mid-sentence during a meeting; and use the fisher equation in spreadsheets/calculations.


"This is the best tl;dr I could make, [original](http://www.learnliberty.org/blog/why-some-people-think-hurricane-harvey-is-good-for-the-economy-and-why-they-are-wrong/) reduced by 93%. (I'm a bot) ***** > Several times this week I&#039;ve heard people claim that Hurricane Harvey and the destructive flooding it has inflicted on Texans will actually be good for our economy because it will provide a boost to US GDP. Is that really true?  > Say the believers in the theory that disasters can benefit the economy, these people will have to spend money replacing their lost belongings and rebuilding their damaged property.  > Will Harvey really increase GDP? Yes, people will need to rebuild.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6xhftu/why_some_people_think_hurricane_harvey_is_good/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~202656 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*: **rebuild**^#1 **people**^#2 **economy**^#3 **GDP**^#4 **disaster**^#5"


The only real option (long-term) is for businesses to move to other areas and re-distribute the population, which would allow for cheaper areas/homes to become viable options.  This has actually begun to happen really, not many people may be aware yet of what's occurring in Nevada today.  Apple just joined Tesla and Switch in announcing billion dollar investments in Virginia City, Nevada. Google also made huge land purchases. The tech population has begun moving into cheaper areas already and many people will follow, to cheaper homes and lower costs of living.  All people are to blame for this real estate situation, everyone is just looking out for themselves and they are all concentrating in specific areas - naturally costs will rise.  Re-distributing the population geographically (businesses + wealth) will relieve this kind of stress happening in focused areas.