"You have to realize that you're trying to have your cake and eat it too.  You want to do things ""unofficially"" by not reporting the accident (to insurance companies and/or police), but you want to do it ""officially"" in that you want to have legal recourse if they try to hit you up for more money.  The only way to have it both ways is to trust the other person. From a financial perspective, ultimately you need to decide if the monetary cost of your raised insurance premiums, etc., outweighs the cost of whatever money the other party in the accident will try to squeeze out of you (factoring in the likelihood that they will do so).  You also would need to factor in the likelihood that, rather than trying to scam you, they'll pursue legal action against you. In short, from a purely monetary perspective, if the legitimate cost of repairs is $700 and the cost to you of doing it by the book via insurance is $2000, you should be willing to be scammed for up to $1300, because you'll still come out ahead.  Of course, there are psychological considerations, like whether someone unscrupulous enough to scam you will stop at $1300.  But those numbers are the baseline for whatever outcome calculations you want to do. On the more qualitative side of things, it is possible they're trying to scam you, but also possible they're just trying to hustle you into doing everything quickly without thinking about it.  They may not be trying to gouge you monetarily, they just want to pressure you so they get their money.  I agree with other answerers here that the ideal way would be for them to send you an actual bill after repairs are complete.  However, you could ask them to send you a written copy of the repair shop estimate, along with a written letter in which they state that they will consider payment of that amount to resolve the issue and won't pursue you further.  The legal strength of that is dubious, but at least you have some documentation that you didn't just try to stiff them.  If they won't give you some form of written documentation, I would read that as a red flag, bite the bullet, and contact your insurance company."


"Gross income is used because there are a lot of variables inherent in the calculation of a ""net income"", including a lot of things under your direct control that you could use to game the system. ""Net Income"", as others have inferred, is a very flexible term. For the average individual, the definition that would most easily come to mind is likely post-deduction, post-tax earnings; ""take-home pay"". It sounds reasonable, too, as the amount you take home each month can be easily demonstrated with your two most recent pay stubs (which you need to bring in anyway to verify gross earnings). However, even that simplistic definition is fraught with possibility. You have the ability to modify your pre-tax deductions, such as for retirement or healthcare, and that in turn affects your taxes and thus your net take-home pay. To assume that you won't do that is foolish for the loan officer. Other definitions of ""net income"", such as, in the case of shopping for a house, ""disposable income plus current rent"", are the result of even longer lists of deductions from gross pay. Many are also dependent on your current home; your electric bill is a function of the size, location and construction of your current home, all of which will change as soon as you move in. Your other bills, such as telecom (TV/phone/internet) are also more or less location-dependent, as even within a single city or metro area, your choice of services and service providers is dictated by the home's physical location. You may have to pay through the nose right now because your current home isn't serviced by anyone's fiber-optic network, while the home you're moving into could be in a hotly-contested area with access to multiple fiber-optic trunks. So, to simplify all this, mortgage companies simply ask for gross income, then apply a metric that makes relatively conservative assumptions about your spending habits to arrive at a final amount. The upside is simplicity, the downside being that two people both making $60,000/yr may have two completely different financial pictures behind that single number."


I think they give away their shit for free (right?)  but if not... 100% true.  definitely going to be everywhere in China immediately... not even a debate.  people here who doubt this don't work in a Chinese company


Have you looked at 529 plan yet? There are tax benefits with it and you can roll over the remaining funds from your first child's account into your second child's, etc. Read this article to get yourself up to speed for this plan. Coverdell Education Savings Account is another plan you can look at. The Wikipedia article talks about the similarities and differences, so I won't repeat here.


Because surprisingly few countries actually do the single payer system (i.e. only the government pays all medical bills). Many of the countries everywhere else have multipayer/multitiered systems that guarantee universal coverage. This is usually a combination of strong protections for preexisting conditions, individual mandates, and subsidies.   The goal is universal coverage, single payer is just a means.


"Mervis Diamond is voted as ""Best Place to Buy a Diamond"" by the readers of WashingtonPost.com. It is not a normal jewelry store. They specializes in diamond engagement rings and wedding bands, diamond studs, and much more. With their roots at diamond mines in South Africa, they maintain strong relationships and import all their own diamonds. Mervis has a reputation you can trust. For any budget, they will get you the biggest and most brilliant diamond possible, and save you some dollars in the process."


"You ask multiple question here.  The 401(k) - move it to an IRA. As others stated,this will lower your costs, and open up a potential I didn't see mentioned, the conversion to a Roth IRA. A year in which your income is lower than average is a great opportunity to convert a bit of the IRA enough to ""top off"" the lower bracket in which you may find yourself.  The company stock? If you never worked for the company would you have bought this stock? Would you buy it now? If not, why keep it?  The loan is the toughest decision. Will you sleep better if it were paid in full? What's the rate? 6% or more, I'd pay it off, under 4%, less likely. I'd invest much of the cash and the $8000 in stock in a Dilip-recommended VFINX, and use the dividends to pay the loan each month."


"Massachusets does no such thing. The 5.25% tax is only on realized gains. ""Unearned"" means ""doesn't tie to your trade/business"", i.e.: is not gained through your personal performance."


what you aim to do is a great idea and it will work in your favor for a number of reasons. First, paying down your loan early will save you lots in interest, no brainer. Second, keeping the account open will improve your credit score by 1) increases the number of installment trade lines you have open, 2)adds to your positive payment history and 3) varies your credit mix. If your paid your car off you will see a DROP in your credit score because now you have one less trade line. To address other issues as far as credit scoring, it does not matter(much) for your score if you have a $1000 car loan or a $100,000 car loan. what matters is whether or not you pay on time, and what your balance is compared to the original loan amount. So the quicker you pay DOWN the loans or mortgages the better. Pay them down, not off! As far how the extra payments will report, one of two things will happen. Either they will report every month paid as agreed (most likely), or they wont report anything for a few years until your next payment is due(unlikely, this wont hurt you but wont help you either). Someone posted they would lower the amount you paid every month on your report and thus lower your score. This is not true. even if they reported you paid $1/ month the scoring calculations do not care. All they care is whether or not you're on time, and in your case you would be months AHEAD of time(even though your report cant reflect this fact either) HOWEVER, if you are applying for a mortgage the lower monthly payment WOULD affect you in the sense that now you qualify for a BIGGER loan because now your debt to income ratio has improved. People will argue to just pay it off and be debt free, however being debt free does NOT help your credit. And being that you own a home and a car you see the benefits of good credit. You can have a million dollars in the bank but you will be denied a loan if you have NO or bad credit.  Nothing wrong with living on cash, I've done it for years, but good luck trying to rent a car, or getting the best insurance rates, and ANYTHING in life with poor credit. Yeah it sucks but you have to play the game. I would not pay down do $1 though because like someone else said they may just close the account. Pay it down to 10 or 20 percent and you will see the most impact on your credit and invest the rest of your cash elsewhere.


There's a primer on valuing community banks by oddball Stocks, an investor who specializes in that kind of stuff. I can't link it cause I'm on my phone, but just search it up on Google and I'm sure you'll find it.


"India allows partial convertibility of Rupee on account of ""Capital"". India is moving toward full convertibility in few years. An India can repatriate funds out of India to a limit of 50,000 USD per year [Needs confirmation] ... Consult a professional CA to advice you better."


I'm aware of how credit cards work, in fact I basically said the same thing in my original comment.  >because you get this nifty smartphone pluggable credit card swiper, you end up paying more than the alternate options. Granted I am in no way knowledgeable of the alternates (as in, mobile credit card machines?), but I assume they aren't as easy to set up.  -Square costs more -Other options aren't easy  I guess my inquiry should be more targeted towards how regular credit card transactions are processed in the mobile space.  Honestly I have no idea, and I assume that's why Square is popular.  I still see some places at the farmers market with the carbon copy slider thing, but then I also see some rocking what seems to be a regular credit card swiping gizmo.  Making 0% on a nonsale vs 90% on a square sale obviously makes sense, but I'm wondering if there's a less convenient, although more profitable sale (regular 97% Visa/MC) that people simply aren't aware of.


Supplier of Ramming mass in India http://quartzpowdermanufacturers.com/supplier-of-ramming-mass-in-india.php Shri Vinayak-Quality of Acidic Ramming mass is directly related to the heating performance of the furnaces. It gives furnaces the perfect lining and the quality of Silica Ramming mass if responsible for the smooth and flawless working of furnaces. It enhances the workability of the furnace and one can find more efficient output from furnace. Better quality of lining results in the smooth working of furnaces.


It's done by Opening Auction (http://www.advfn.com/Help/the-opening-auction-68.html): The Opening Auction Between 07.50 and   a random time between 08.00 and   08.00.30, there will be called an auction period during which time,   limit and market orders are entered   and deleted on the order book. No   order execution takes place during   this period so it is possible that the   order book will become crossed. This   means that some buy and sell orders   may be at the same price and some buy   orders may be at higher prices than   some sell orders. At the end of the random start period,   the order book is frozen temporarily   and an order matching algorithm is   run. This calculates the price at   which the maximum volume of shares in   each security can be traded. All   orders that can be executed at this   price will be filled automatically,   subject to price and priorities. No   additional orders can be added or   deleted until the auction matching   process has been completed. The opening price for each stock will   be either a 'UT' price or, in the   event that there are no transactions   resulting form the auction, then the   first 'AT' trade will be used.


> corporate strategy vs. corporate finance vs business development?  Broadly speaking there are different functional roles (regardless of title) that are involved in:  - Financial Planning and Analysis (FPA).  Forecasting, variance analysis (demand, supply etc.), pricing strategy, etc.  Depending on your skill set, they can be viewed as basic excel work or more complex optimization problems.  - Strategic planning, M&A.  Build or buy analysis.  Market analysis, etc.  This area is more on the capital allocation side in terms of whether or not a company should buy a competitor or build their own product line/service in a given area, geography, etc.  Investment banking backgrounds are helpful here.  - Communication.  There is a side of the business involved in presenting the company's business strategy to outside parties whether that be creditors or investors (stock holders).  The 'marcom / IR' (marketing communications, investor relations) side of the business involves presenting the company's strategy, forecast and results to outside parties.  This could also include the board of directors or senior management.  If you have a strong quantitative background at the engineering level, your ability to take differential equations and translate that to forecasting/econometric time series won't be difficult.  But for a lot of people that will be overkill and they only want basic Excel skills and understanding of finance/accounting.


Your calc is spot on, the output is small because it's just 5 days worth of interest, and at today's low rates that's practically 0. Also the rate you would want to use is money market rates as that's typically where companies will park cash to earn interest since its a highly liquid market.


Just out of curiosity, what if one of those CEOs told Warren Buffett to 'stick it' could Warren Buffett have them removed or would the CEO's board of directors or whatever mechanism the company has only have that right (I mean, not removal for cause, which I am sure is built in but for purely personal reasons)? Just wondering how autonomous some of these companies are because it seems like a handful of corporations own most of the others.


"Can't agree there.  He drives a modest car (Cadillac) that is a few years old, lives in a decent but not huge or fancy house, and really doesn't spend much on ""indulgences"".  To him, money seems to be more about the process of making it through business, than actually having or spending it."


I guess when the world finds out your missile shield is little more effective than a sanitary napkin . .the tone changes . .damn  It seems obvious now that ISIS/ISIL or what ever they call them now days are funded and supported by the Israelis and Americans.   I think the giveaway was that the hardcore Islamic fundamentalist terrorists bent upon the destruction of Israel  could not find Israel from Syria.


When I ran a gas station, our price was largely set by our neighbors-- the other gas stations in the area. We couldn't go below the current cost of replacement gas, but other than that we wanted to be at .05 over the average. (We got away with charging more because we were the last station on a major road.) Everybody else did the same thing. Also, we only set prices once a day, early in the morning before the commuter rush. Changing prices while somebody is pumping gas Was Not Done, for fairly obvious reasons. So, you'd get these ripples of price-changing, as one station changed its price, and then all its neighbors would react to that the next day, and then THEIR neighbors would change the day after that, and so on.


"In the United States tax law, a group of people who are neither an individual nor an incorporated entity is called ""partnership"".  Here's the IRS page on partnerships. Income derived by such a ""meetup.com"" group is essentially a partnership income with the group members being the partners. However, as you can see from the questions in the comments, the situation can become significantly more complex if this partnership is not managed properly."


Well, one can easily have rates below -100%.  Suppose I start with $100, and end up with $9 after a year. What was my rate of return? It could be -91%, -181%, -218%, or -241%, or something else, depending on the compounding method.  We always have that the final amount equals the initial amount times a growth factor G, and we can express this using a rate r and a day count fraction T. In this case, we have T = 1, and B(T) = B(0) * 0.09, so: So, depending on how we compound, we have a rate of return of -91%, -181%, -218%, or -241%. This nicely illustrates that:


I don't understand why youre being downvoted. I thought the same thing, there is no way he can predict how the economy will behave in the coming years and if he wants to go on past performance there has been a general uptrend since 2009. (http://www.politifact.com/truth-o-meter/article/2012/jun/01/scorecard-economy-obama/)


If you have good credit, you already know the rate -- the bank has it posted in the window. If you don't have good credit, tell the loan officer your score. Don't have them run your credit until you know that you're interested in that bank. Running an application or prequal kicks off the sales process, which gets very annoying very quickly if you are dealing with multiple banks. A few pointers: You're looking for a plain vanilla 30 year loan, so avoid mortgage brokers -- they are just another middleman who is tacking on a cost. Brokers are great when you need more exotic loans. Always, always stay away from mortgage brokers (or inspectors or especially lawyers) recommended by realtors.


An article linked from cnn.com has some great advice, which I think are good rules of thumb. Also, at least my insurance gives a premium price for those who haven't filed a claim in 5 or more years for homeowners or rental insurance. See if you have a similar discount, will loose it, and guess how much that will cost you over 5 years. My rule of thumb: Your premium might go up quite a bit, possibly as much as triple, especially for a large claim. But, it is certainly worth it if you are going to get more than triple your premium through your claim. The worst case: Mortgage mandated insurance, which will be about triple your current cost.


You may simply be asking why stocks 'gap up' or 'gap down' when the stock market opens. This is because the price adjusts to news that occurred while the exchanges were closed overnight. Perhaps Asian stocks crashed, or perhaps a news story was released in the New York Times about some major company. There are thousands of factors that affect market sentiment, and the big gaps that happen at the open of every trading day is the price of the stocks catching up to those factors.


I would be inclined to back the 'tip jar' weblink idea, this is very prolific within the Twitch community, as a method of tipping and thereby supporting content creators. I know that there are numerous tutorials on how to set up 'tip' sites for such usage, so that may point you in the right direction. Also you could turn to crowd-funding opportunities, such as Kickstarter and others, however I am not sure on the ruling of these companies and whether you have to offer the completed project as a reward for backers (it tends to be the done thing). And depending on how serious your friends are in helping you as a fledgeling indie developer, you could investigate in setting yourself up as a limited business. This would allow your supporters to purchase shares in your business, turning them into true stakeholders, but whilst retaining the limited status of the company. However, I must stress, on this point I know very little and may be wrong (I am actually hoping someone else contradicts this so I can learn).


The Nikkei 225 is a price-weight index composed of 225 of the leading companies that trade on the Tokyo Stock Exchange.Most good binary options platforms provide their customers with the opportunity to trade options that are linked to the Nikkei 225. Traders who are interested in trading such options should carefully consider the nature of the Japanese stock market by studying how it is affected by – and has an effect on – the US economy and the US markets.


I mean that's if it correlates. Placing it in the title does imply that I guess.  As for the daily swings, like any stock, [SBUX has a strong correlation to the market](http://i.imgur.com/Ksl5vF3.png). The market is up today, Starbucks isn't.   Why would it be down today than? Just totally arbitrary daily swing up and down reasons?  I don't see the stock going down because of the NYT article that was produced yesterday, I see it down today because of the scheduling changes they made today. I could be wrong surely investors believe that there is a correlation between scheduling software and margins at the end of the day.


That's really high for short term debt. Do some research, short term is lower risk generally so rates are low. I'm not gonna waste my time but it would have to be real junk to pay close to that high.


You don't. Say you deposited $5000. Then you converted $4950 to Roth. You declare $4950 as the amount converted and you're done.


What the BBB label tells me as a consumer is the company will be willing to work with me if there is a dispute.  The rating then tells me how good they are at resolving complaints.  Raw number of complaints is less important, because you kind of expect bigger companies to have more complaints.


Isn't this really the same as the adoption curve for any new personal technology, though? It starts off being the sole province of a handful of fairly-well-off nerds who don't mind wasting their time on something that may end up being a technological dead end, then becomes a high-end rich person's thing once it's proven useful or enjoyable, then as the market expands, it gets cheap enough to benefit everyone.  Think of it from the point of view of the people or companies producing the enhancements. Production will get cheaper over time (possibly going close to zero if the enhancements are stuff like retroviruses) and there's usually way more money to be made in high-volume sales than in boutique products if the costs of production are low.  I think the history of technology over the past century says it's pretty likely these kinds of enhancements will go down in price enough to be affordable by millions before the kinds of social problems you're talking about have time to emerge. Rich people and enhancement hackers will always be at the far end of the curve, but they won't be alone on the curve, and anyway, _someone_ has to be trying out the new stuff before it's ready for mass consumption.


I would try to avoid mixing business expenditure with personal expenditure so a second credit card might be a good idea. That said, I did get a business credit card for my company in the UK as I didn't want to be personally liable for the money that was spent on the business card (even though I owned 100% of the business) in case things went horribly wrong. As I didn't fancy signing a personal guarantee, this meant that the limit was quite low but it was good enough in most cases.


They just let you borrow a little more every months. When the owner dies/sells they get all their money + % back.


Engines also need the right attention to work healthily. Every now and then, they as for checkups and to keep them in good running condition, it is necessary to give them some regular maintenance. Keep these tips in your mind to let your engine run better and last longer, at the same time save you from spending unnecessary money later.


"First, you don't state where you are and this is a rather global site.  There are people from Canada, US, and many other countries here so ""mutual funds"" that mean one thing to you may be a bit different for someone in a foreign country for one point.  Thanks for stating that point in a tag. Second, mutual funds are merely a type of investment vehicle, there is something to be said for what is in the fund which could be an investment company, trust or a few other possibilities.  Within North America there are money market mutual funds, bond mutual funds, stock mutual funds, mutual funds of other mutual funds and funds that are a combination of any and all of the former choices.  Thus, something like a money market mutual fund would be low risk but quite likely low return as well.  Short-term bond funds would bring up the risk a tick though this depends on how you handle the volatility of the fund's NAV changing.  There is also something to be said for open-end, ETF and closed-end funds that are a few types to consider as well. Third, taxes are something not even mentioned here which could impact which kinds of funds make sense as some funds may invest in instruments with favorable tax-treatment. Aside from funds, I'd look at CDs and Treasuries would be my suggestion.  With a rather short time frame, stocks could be quite dangerous to my mind. I'd only suggest stocks if you are investing for at least 5 years.  In 2 years there is a lot that can happen with stocks where if you look at history there was a record of stocks going down about 1 in every 4 years on average.  Something to consider is what kind of downside would you accept here?  Are you OK if what you save gets cut in half?  This is what can happen with some growth funds in the short-term which is what a 2 year time horizon looks like.  If you do with a stock mutual fund, it would be a gamble to my mind.  Don't forget that if the fund goes down 10% and then comes up 10%, you're still down 1% since the down will take more."


Context: assessed project as part of a tech internship in an investment bank, working in small groups, task: to design an app using a financial solution that has an ethical impact.  We came up with (what I hope) is the smart sounding idea of an app for impoverished farmers in developing countries who lack the information and market access that larger or unionised farmers would have. The app would use some kind of decision tree (which may grow with machine learning) to assess the best kind of crops to grow given the region and local conditions for max profitability, and would provide access to some kind of derivatives market, and insurance, allowing the farmers a consistent income.  Struggling with the specifics of how the business/finance side of things would work. Let's assume the bank builds the app and puts it on the app-store as part of some charitable initiative. 1) Would the farmers go directly to the bank to price and purchase derivatives on their crops? 2) Options/futures/forwards - which is most appropriate, or would it make sense to offer all three? 3) Is there any way this could be adjusted to provide regular payments, with a lump sum at the end? Would this be something the bank chooses to do, or is there an existing financial instrument for this kind of setup? 4) How does this tie in with the commodities markets (or is that what the derivatives already are?) 5) Probably a long-shot but any chance of know-your-customer implementations for countries with terrible infrastructure?  6) (probably a dumb question) Say the farmer sells an option on his crops, would this be sold directly to the bank or a 3rd party who'd be more interested in actually buying the crop? Or is this a far too simplistic view? Basically who would the farmer actually deliver the crops to? 7) Any other issues/oversights? Any ideas to make this sound somewhat viable?  It doesn't have to strictly be realistic in any sense, but it also can't be flat-out incorrect!  tyvm in advance, edited to make questions clearer


Yeah this is what I don't understand. All these business mags are so hyped about this developing market but as it stands the only one in use is my stepdad's and all he does is use it to ask the weather and crack jokes to show it off to people.


We broke up all those guys. And if you look at the numbers they are in many ways. They paid a largest percent of profits to their workers than most companies do today if you take away the money spent on the CEO and top talent. The average person makes less because corporate thought has deemed employees pay the same as every other business expense when in the past they were considered differently.


"Two things.  1.  You can sue anyone for anything.  You may not win, but you can sue for any reason.  2.  You're confusing trademark and copyright.  Copyright inheres at the moment of creation.  You don't have to file a copyright to have it be enforceable.  Trademark is a little trickier, but is for the protection of the consumer and use of a mark is part of what creates its value and the ability to defend it.  However, you cannot copyright nor trademark ideas.  Copyrights must be ""reduced to practice.""  Broadly speaking, that means you have to have done something to create it, not just think about it.  And trademark doesn't apply here.    He could file for a patent, but that would need to have a specific filing and often takes a fairly significant amount of time in which case it's defensible even when some guy copies you.  In short, guy is a moron."


Within the U.K., Third Party Resellers establish warehouses in the UK, but orders are placed overseas, and Amazon is not required to collect Value Added Tax on behalf of allegedly foreign owned resellers which rely on Amazon to sell items.  Amazon also evades the payment of tax by routing all sales through Luxembourg which, thanks to Jean Claude Juncker of the EU when Prime Minister of Luxembourg negotiated a generous tax sweetheart deal for multi national corporations (incl Amazon) to establish their base in Luxembourg.


Doesn't make any sense, it's just an article for the author to feel like he's a superior strategist to Kohl's leadership & primarily rant about how crappy Amazon treats its 'partners'.    However if we accept the examples as fully true, none are relevant.  Kohl's isn't at all making itself dependent on Amazon, they're not giving up their control of their e-commerce site, or giving up any control for that matter.  So please tell me how his history lessons apply.    Unclear of the strategic initiatives? Really?  I don't need an MBA to realize, ignoring AWS is probably compensating Kohl's for the moment, that there's plenty.  One, it brings in more foot traffic to the store, some of which may have never stepped into a Kohl's in favor of their usual department store that competes with Kohls.    Two, it has the potential to increase repeat visits from their existing customers who may need to return a package and hey kohl's takes that too, might as well take a glance while I'm there.    Three, it increases their product assortment in Kohl's stores without incurring all the operational/logistic costs of adding new product lines.  That's called free money off the margins.    These are the kinds of deals that should be lauded; mutually beneficial partnerships between businesses that end up adding more value to the customer.  Amazon gets to increase the customer experience by starting to address one of the biggest pains with e-commerce in general: the burdensome process to return something you order online.    It's a great idea, and I'm sure they'll partner with other big retailers as well.  That doesn't hurt Kohl's, at worst as it expands, the positive impact won't be as great because customers will have more options.   no harm done.    It's also naive to think Kohl's isn't getting compensated whether it's a marginal thing or some fixed contractual amount Amazon pays to Kohl's or at the minimum, covering all of the involved logistic costs Kohl's incurs to do this.    Ugh, I just hate blowhards who want to pour gasoline on anything that irritates them from preconceived biases.


"My wife and I use to file ""married file separately"".  I consulted a tax accountant and it does not matter who's name the accounts are under.  The interest from the accounts can be counted as income on either person's tax return regardless of whose name is on the account.  You can even split the interest income between the returns if that is advantageous.  This is true for any income earned between the two of you. It use to be a big hassle to file this way even using the software programs.  The programs would not attempt to allocate the income between the tax returns in order to minimize my tax liability.  I had to do this manually.  Most of the loopholes have been closed and the last couple of years I've filed ""married filed jointly"". I'm not sure how your wife's citizenship status affects any of this."


"Anything by Frank Fabozzi - the de facto authority on financial education.  Most of the stuff will be textbook ($$$) so get ready for sticker shock.  Hopefully you can find a used copy of something.  Quick search on Amazon yielded ""The Basics of Finance"" for about $150."


The best approach depends on how much of an emergency fund you have. If you have no emergency fund Calculate how much you need in order to pay your expenses for 1 month and put at least that amount in a savings account.  3-6 months' worth of expenses is better.  Put the remainder towards one credit card. If you have less than 3 months' worth of expenses in your emergency fund Deposit 1 additional month's worth of expenses into your savings account and apply the rest to one card. If you have an emergency fund that you're completely comfortable with Pay $8000 towards one card and $2000 towards the other one.  Paying off one card fully gets rid of a bill that you have to think about each month, even if the two cards are otherwise identical.


Specifically, many people found out they lost their job because their pass would to open the gate to get in to their office building. These people were then diverted to a separate queue, and at the front of that was someone from HR telling them that they were no longer needed.


You can try SplashMoney. It works on many platforms, including iPhone, iPod and Mac, but also Palm OS, Android, Blackberry and windows. I've been using it —since more than two years now— with my old Palm OS PDA and it works great. As I work mainly with Linux, I've tested very few times its synchronization with its desktop companion running on windows.


"Someone has made such an app.  It's called Arcade City.  See https://arcade.city/    There are a few other similar projects in the cryptocurrency world, that connect buyers and sellers directly in a ""gig economy"" marketplace and allow payment in crypto.  User ratings and reviews are central to the model."


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On a more serious note, I thought the major sub-reddits had a delay between the new page and the front page, to give the Knights of New some time to act.  Looks like that setting got knocked offline yesterday... (eg. can someone go fix it please?)


I was once the personal assistant to two wealthy NYC sisters. They did not pay for anything. For example, if we were riding the subway, I would pay, and be reimbursed by the Company. They had multiple residences and investment properties. Each property was purchased through a separate Limited Liablity Corporation, and paid for by the Company. When they purchased, donated or sold art, it was through their family Foundation. Their income primarily came from a draw of funds from the family estate, although one of them worked as an architect, which provided further income.


Assuming neither one charges a fee and you are talking about automated non-cash, non-check transactions: Withdrawal is slightly better if you are 100% sure you have the money (or better yet, twice the money) to cover it.  It puts more incentive on the bank that is responsible for the act to do it correctly, because they will then be the bank holding the money.  It also creates an added check because there is no possibility of having an error in transfer information result in sending your money to the wrong account.  (This is unlikely anyway, but not impossible depending on the bank and interface). Deposit may be slightly better if you are not, or if you are concerned about technical foul-ups at the bank.  Depending on the bank, a deposit with insufficient funds may be cancelled rather than going through and then being cancelled, which could result in various banking fees (returned item fees, overdraft fees, etc...).   If there is a technical foul-up during a withdrawal, you run the risk of having banks get confused--I know of a case where it took a major bank months to fix a withdrawal transaction that was denied the second time when they activated it twice, but the account balance mistakenly showed an extra thousand dollars for the duration.


"No what he is saying is, ""If Obama wins, you will lose your job, so it is in your best interest to vote against Obama."" I hope his employees call his bluff and vote for who they feel will do the best for them, not be bullied into voting against the candidate their CEO is against.  To justify mass layoffs requires actual decreases in the companies revenue and their bottom line, not a decrease in the number of yachts the ceo could possibly buy."


What if patents were kept a secret for, say, the first year or more? Then, if anyone was able to duplicate the patent once seen in the wild without the recipe within that timeframe the patent becomes void.  The whole purpose of the patent system was to bring difficult ideas out of being trade secrets and into the public's hands for their benefit with the offer of exclusivity for some time to keep the exchange fair.  If anyone can duplicate one-click without any hand-holding just by using Amazon.com once or twice, there was nothing to be gained from the patent in the first place. It should have remained a trade secret.


Thank you Randomness\_incarnate for voting on I\_am\_a\_haiku\_bot.    This bot wants to find the best and worst bots on Reddit. [You can view results here](https://goodbot-badbot.herokuapp.com/).     ***    ^^Even ^^if ^^I ^^don't ^^reply ^^to ^^your ^^comment, ^^I'm ^^still ^^listening ^^for ^^votes. ^^Check ^^the ^^webpage ^^to ^^see ^^if ^^your ^^vote ^^registered!


you don't have move across the country. just to the nearest city. that's bull tho. anyone can make it happen if they try. and if not, too bad. some people in africa are born sick and die on a rock with a bear eating them.


The care itself is among the best, but the accessibility is poor compared to other similar countries, which is taken into consideration in all these studies and analyses. It seems to be hard to have both,  but we should try to get as close as possible to it.


North Star Direct provides great outsourcing call centre services. We help to save your productive resources, business operating cost and valuable time. By working with us many small scale businesses have been transformed into giant empires.


"I pretty much only use my checking. What's the downside? Checking accounts don't pay as much interest as savings account. Oh, but wait, interest rates have been zero for nearly 10 years. So there is very little benefit to keeping money in my savings account. In fact, I had two savings accounts, and Well Fargo closed one of them because I hadn't used it in years. Downsides of savings accounts: You are limited to 5 transfers per month into or out of them. No such limit with checking. Upsides of savings accounts: Well, maybe you will be less likely to spend the money. Why don't you just have your pay go into your checking and then just transfer ""extra money"" out of it, rather than the reverse? If you want to put money ""away"" so that you save it, assuming you're in the U.S.A., open a traditional IRA. Max deposit of $5500/year, and it reduces your taxable income. It's not a bad idea to have a separate account that you don't touch except for in an emergency. But, for me, the direction of flow is from work, to checking, to savings."


You know they take liberties to prove their points.  For example, the Federal budget year runs from september to October.  When Obama was elected, they use this to move the $800 billion stimulus under Bush because it was still Bush's fiscal year. However, Bush' $600 billionTARP program was repaid by the banks two years later.  The repayment was put under Obama.  The result was to move $1.4 trillion in obama spending to Bush.    Most of this economic improvement is because of the Fed.  Democratic presidents don't do anything except inhibit the economy from growth.    Obama has followed this trend.  We should be doing 23 times better than the 2008-2009 recession by now, but we are at only 11 times.  Obama thinks helping the environment with higher energy prices and converting 1/6 the of the economy to government healthcare are more important to economic growth.


Your reaction to bad news is the greatest risk. Are you going to panic and pull all your money out when the market falls 20%? It will. Someday it will. The question is, will you have the stomach to stay the course and keep your money invested when the sky is falling and everyone is screaming that things are definitely going to get worse? If not, the timing of when you invest will matter not at all. My advice: Go all in ASAP. Remember that you don't care where the market is in 2 years. You're in your mid 40's, you care where the market is in 20 years. And 20 years from now, when you're in your mid 60's, you'll be caring about where the market is even further into the future.


The vast majority of individual taxpayers in the United States operate on a cash basis of accounting. This means that the assignment of deductions or income to tax year is based on the date of the paycheck.  So the money in that early January 2016 paycheck has been correctly assigned to the 2016 tax year. This is unfortunate for you because you will receive a W-2 for 2016 showing that you had a retirement account. Knowing exactly how many paychecks there are in a year can be very import to know when trying the reach or avoid some thresholds. Even quitting the previous pay period might not have helped. I have seen some companies payout unused vacation, sick and severance over several paychecks. They didn't give you it all in one lump sum, they did it 80 hours a paycheck until the balance owed to the employee was zero.


"Isn't this effectively saying that the market responds principally to itself, and not to either economic fundamentals, or the profitability of the underlying companies.  If so, the market as a ""price discovery mechanism"" is broken, and investors would be wise to do their own research."


Well you have three main options in my opinion. For cash, or any assets you can convert to cash, you could purchase bonds with a maturity date close to what you are looking to lock your funds up for. While you could sell these on a secondary market, admittedly - however you have a justification you can provide to yourself as to why you cannot sell them. Fixed term deposits often have poor interest rates, but if you ask to withdraw your money early you often forfeit all of the interest you would have gained. While your money would not be locked up, it keeps it further out of your reach, just like bonds. Every step further away from your bank account the funds get, the less likely you are to surrender to giving away money that is rightfully yours. It comes with the added advantage of typically high-returns. Trust funds can be set up with anyone as the beneficiary, and provide legal barriers so long as the beneficiary isn't also the executor. While it can be expensive to do so, you could hire a lawyer who specialises in estate law to set up a trust fund you are the beneficiary of, which has stipulations as to how and when assets can be released. I didn't include this as one of the main three, because it doesn't allow you to specify exactly when funds are released to you, but in many countries (including the US) you have special tax advantaged retirement accounts, where funds are locked away until you retire. However, it is unfortunate you even need to think about this. Another thing to consider is that if people start pressuring you for money, you should cut them out of your life.


Well, you might take a minor hit to your credit score. This is snapshot of my credit utilization written for an article on my site. The point there was that zero card use actually dinged the score, but for you, going over the 20% level is the risk. It's not too large a hit, depending how high the utilization goes. I'd not lose sleep over it. Kind of you to help.


"I agree with the answer by @Michael that this number doesn't exist.  It's hard to see what use it would have and it would be difficult to track. I'm writing a separate answer because I also disagree with the premise of your question:  Individual shares of stock have never to my knowledge had such a number.  Your comment about numbers on stock certificates identifies the certificate document, which will generally represent multiple shares of stock.  That number no more identifies a single share of stock than the serial number on a $10 bill identifies any one of the ten dollars it represents.  Even at the ""collective"" unit of $10, when the bill is eventually replaced with a new one, the new bill has a new number.  No continuity."


If you are being paid money in exchange for services that you are providing to your cousin, then that is income, are legally you are required to declare it as self-employment income, and pay taxes when you file your tax return (and if you have a significant amount of self-employment income, you're supposed make payments every quarter of your estimated tax liability. The deposit itself will not be taxed, however.


This depends on the loan calculation methodology. If it is on reducing balance then yes. Else not much difference


1. Where is Commonwealth of the Northern Mariana Islands (CNMI), United States of America (USA)? Where is Territory of Guam, USA?      (a) http://chamorrobible.org/images/chamorrobibleproject/map-west-pacific-islands-1998.jpg       (b) http://chamorrobible.org/images/chamorrobibleproject/map-commonwealth-of-the-northern-mariana-islands-1989.jpg      (c) http://chamorrobible.org/images/chamorrobibleproject/map-guam-1991.jpg      (d) http://chamorrobible.org/images/chamorrobibleproject/map-federated-states-of-micronesia-1999.jpg      (e) http://chamorrobible.org/images/chamorrobibleproject/map-oceania-2002.jpg      (f) Commonwealth of the Northern Mariana Islands, USA, photographed from outer space: http://chamorrobible.org/gpw/gpw-20040622.htm      (g) Guam, USA, photographed from outer space on 30 December 2011: [4014 x 6021 pixels](http://chamorrobible.org/images/photos/gpw-201304-NASA-Philippine-Sea-Pacific-Ocean-Guam-20111230-huge.jpg) ... additional resolutions at http://chamorrobible.org/gpw/gpw-201304.htm      Source for #1: http://chamorrobible.org  2. https://www.reddit.com/r/worldpolitics/comments/6nnhnl/one_of_just_17_remaining_colonies_worldwide_guam/dkasdpl


The cap loss can be used to offset future gains or $3000/yr of ordinary income. (I just used up the last of mine from the dot com bubble.) I hope you have future gains that let you use this up quickly.  The IRS debt is separate, and I don't imagine they'll let you use any of the loss to offset it. As always, it can't hurt to ask. Their normal payment plans are for 5 years. $40k/yr is a lot.  Edit - The IRS does negotiate. I recall, from the dot-com bubble, instances where someone exercised stock grants, but kept the shares. Now, they had a $1M gain, but after year end, the stock crashed. They owed tax on that gain, but the loss was in the next tax year, with nothing to offset. These people were 'regular' guys and gals, no background in finance. I understand the IRS looked at these people and made some exceptions.


"Technically, no. There is very little security in the US for bank drafts. With your bank account routing number it is very easy for people to draw funds without your authorization. Another thing people can do is buy stuff online with ""demand drafts"". Essentially it works like a credit card number where the create an electronic version of a check to purchase things. There is generally no password, PIN or signature requirement. That said, it is printed on every check you write so keeping it private isn't really practical. I'd make sure you trust anyone you give it to and watch your account statements closely. An important thing to know is that a routing number isn't a one-way deal. If you give out the number for someone to wire you money, they can just as easily draft on the account."


Yes, the distinction between how your funds are applied to principal vs interest is very important. The interest amount charged each period (probably monthly) is not just one fixed sum calculated at the origination, but rather is a dynamically calculated amount that changes each period relative to how much principal is remaining (amount you owe).  The picture you posted showing principal and interest assumes the payer always paid their minimum payment and never made any extra payments of principal. Take a look at the following graph and play around with the extra payment fields. You will see some pretty drastic differences in the Total Interest Paid (green lines) when extra payments are made.  http://mortgagevista.com/#m=2&a=240000&b=4.5&c=30y&e=200&f=1/2020&g=10000&h=1/2025&G&H&J&M&N&P&n&o&p&q&x


"In my decade with this company, I have never witnessed nor heard of times where our HR department has dealt with anything resembling points 2 - 4, these tasks are all pushed on to employees as ""projects"""


You probably can get away with only updating the exchange rates once a day and specify that any prices quoted in units other than your home currency are estimates only. If you're planning to accept more than one currency as payment, I'd (a) see about whatever regulations there are for doing so, and (b) build in a nice spread for yourself if you're allowed to, since it is a service you're providing to your customers.  If you Google currency converter the first result is just that: a currency converter.


Thanks, I will try post more in the future.  I actually said you can make money if you know what your doing the refurbished products not counterfeit.   I don't deal in counterfeit goods at all. As an owner of several (extremely small) trademarks i think trademark infringement of goods is just not on and i wouldn't support it.  Thanks


Yes, but your point doesn't really convince me - I don't believe that Andersen split into two for that reason a decade before everyone else and then failed to IPO for 12 years- and if the Andersen partners at the time stood to make money, why would they enter into direct competition before the IPO?  I don't know what you call an MD at Accenture, as that's not actually a career level. I'm not in the US but Accenture partners certainly make rather more than 250k here.   I know for sure that EY and Accenture are quite comparable on non-exec salary levels, at least in my market, as I know a few people who have switched between Accenture and EY without massive increases in salary. They do seem happier with the work at Big4 companies though ;)


For an American it nearly impossible to open a Swiss bank account. Even a Swiss person want to open a bank account, we have to fill out a document, which asks us if we have a greencard or other relationships with the united states. Some Swiss banks have transferred the money of Americans to Singapore to protect their clients. So you see, the Swiss banks do very much for their clients. And yes, we don't ask very much about money ;) And we are a politically neutral country, but we like the United States more than Russia and of course we have enemies, like the ISIS


There often is.  And that's a problem often not faced when these *same users* pick up an Android or Apple-based OS device.  These users (often Boomers) just want something to work, and wonder why things don't work as easily in Microsoft environments as they do in Apple or Android environments--same users!  If Microsoft continues to alienate those users, they'll simply move to Apple/Android.  Oops--too late--many already have.  Microsoft may not survive this latest blunder, particularly not in their current, disconnected, bloated form.


There are many good brokers available in the market and many spammers too. Personally I have been associated with FXCM since 2001 and have never faced any problem. But everyone has their own personal choice and I recommend you to make your own. But the question is how to find out which broker is a good broker and would provide you with a timely and reliable service? Online google check? Not really. There is so much competition between brokerage firms that they keep writing rubbish about each other on blogs and websites. Best thing is to is check with regulator's website. For US: NFA is a regulator for all forex firms. Information about any regulated forex firm could be found here. http://www.nfa.futures.org/basicnet/welcome.aspx For UK: Its FSA. Information on all regulated Uk based firm could be found here. http://www.fsa.gov.uk/register/firmSearchForm.do Remember in many countries its not compulsory for a forex firm to be regulated but being regulated ensure that the govt. has a watch on the operations of the firm. Also most of the firms out there provide accounts for large as well as small traders so there is nothing much to look for even if you are a small trader. Do keep in mind that if you are a US Citizen you are restricted by the US Govt. to trade only with a broker within US. You are not allowed to trade with any brokerage firm that is based outside the country. Forex Trading involves a significant amount of risk make sure you study the markets well and get yourself educated properly before risking your money. While I have made a lot of money trading forex I have seen a lot of people loosing everything. Please understand the risk and please make sure you only trade with the money which you can afford to loose.


The simplest explanation is that a traditional IRA is a method of deferring taxes. That is, normally you pay taxes on money you earn at the ordinary rate then invest the rest and only pay the capital gains rate.  However, with a traditional IRA you don't pay taxes on the money when you earn it, you defer the payment of those taxes until you retire. So in the end it ends up being treated the same. That said, if you are strategic about it you can wind up paying less taxes with this type of account.


"Google just spammed me on their own product. I got an email (in Gmail) to probe me about using their calendar application. Seemed very un-Google like.  The pointless Youtube and Google Photos notifications have gotten out of control as well.   I know they lost the ""do no evil"" thing ages ago but now their products and resorting to super cheap transparent gimmicks to try and drum up more usage."


"1) Don't leave anything off your CV, get a little job. 2) Upload it. It helps to know that you have done certain modules without fucking them up. 3) Turn any question (including this one) into a dialogue. ""I was always aware of JP as a company, but I really got more of an insight when I was studying them for my final project ..."" 4) LEVERAGE THE FUCK OUT OF YOUR DIVERSITY! The majority of the applicants are white males and these large companies have diversity initiatives which they have to meet. You are doing yourself a huge disservice if you do not mention your background on those forms. 5) Launguages are a great skill so make sure it is on your CV clearly near the start. You should keep your name AND include your full name on the CV. The bad press Muslims get is not going to affect you negatively.  You will not be discriminated against in the way that you think. Everyone who I know who works at JP is Nigerian. When was the last time you read a nice news article about Nigeria?"


Did you ever think that maybe they only treated you like that because you are actually garbage? Like come on, if a dog comes up to me, I will pet it like a dog, and if you came up to me, I would treat you like garbage, because that's what you are.  Garbage.


Someone on twitter (I'm forgetting who, but not just a random person) upon seeing Apple drop it said that we'd be 5 years away from self-driving cars for the next 50 years. Thought it was a ridiculous response considering Apple clearly hasn't been committed to this. Not to mention all the plans car manufacturers have and all the progress Google has made.


To play devil’s advocate to much of what has been written before, it's also worth noting that this is quite an important quote for a sort of reverse reason to what has been discussed before us, that of that fact that virtually every economic situation is different. As it's such a reflexive problem, each and every set of exact circumstances is always different from before. Technology radically changes, monetary policy and economic thinking shift, social needs and market expectations change and thus change the very fabric of markets as they do. It's only in its most basic miss projections of growth that economics repeats, and much like warfare, has constant shifts that radically change the core assumptions about it and do create completely new circumstances that we have to struggle to deal with predicting. People betting on the endless large scale mechanised warfare between western powers continuing post nuclear weapons would have been very, very wrong for example. That time it actually was different, and this actually happens with surprisingly often in finance in ways people quickly bury in the memories and adopt to the new norm. Remember when public ownership of stock wasn't a thing? When bonds didn't exist? No mortgages? Pre insurance? These are all inventions and changes that did change the world forever and were genuinely different and have been ever since, creating huge structural changes in economies, growth rates and societies interactions.  As the endless aim of the game is predicting growth well, we often see people/groups over extend on one new thing, and/or under extend on another as they struggle to model these shifts and step changes.  Talking as if the fact that people do this consistently as if it is some kind of obvious thing we can easily learn from (or easily take advantage of) in the context of such a vague and complex problem could be argued to be highly naïve and largely useless. This time it is different. Last time it was too.


"Is there anyway to salvage my investment for short-term? No.  If by ""salvage"" you mean ""get back as much as you paid"", the only way to salvage it is to wait as long as you consider ""short-term"" and see if goes up again.  If by ""salvage"" you mean ""get some money back"", the only thing you can do to guarantee that is sell it now.  By doing so, you guarantee that you will get neither more nor less than it is worth right now.  Either way, there is nothing you can do other than sell the stock or hold it.  The stock price went down.  You can't make it go back up. Would it be better if I sell my stocks now and buy from other company? Or should I just wait for it's price to go up again? This depends on why you bought the stock, and what you think it will do in the future.  You said a family member persuaded you.  Does that family member still think the stock will go up again?  If so, do you still trust them? You didn't even say what stock it is in your question, so there's no way anyone here can tell you whether it's a good idea to sell it or not.  Even if you do say what stock it is, all anyone can do is guess.  If you want, you could look the stock up on Motley Fool or other sites to see if analysts believe it will rise.  There are lots of sources of information.  But all you can do with that information is decide to sell the stock or not. It may sound obvious, but you should sell if you think the stock will go lower, and hold it if you think it could still go back up.  No one can tell you which of those things is going to happen."


"I thought the same thing when I was making $40k in 2010. I'm around 110k now. Mortgage (300k near Portland,  OR which is really damn good) + taxes + insurance and two kids is expensive. I have a single 14k car, my phone was free, and I drink tea. We vacation once every 3 years and don't dine out much (2x per month max). Our grocery bill is ridiculously expensive though and every month I end up spending a fortune on some bullshit like new tires, dental/medical copays, plumbing issue, electrical issue, or whatever the fuck else decides to break and cause more grief. The electric bill in winter peaks at $400/month with our electric furnace ... we never set the thermostat above 68. Probably more stuff I'm forgetting buy basically on a good month,  I can set aside $600 in savings. That's not bad at all, it's great compared to the average family, but it's not even close to ""wealthy"". I still consider myself middle class."


Hi..I would like to thank you for the efforts you have made in writing this post. I am hoping the same best work from you in the future as well. In fact your creative writing abilities has inspired me to start my own blog now.


That information is the only way to get money wired directly into your account so you don't have a lot of options. You should be reasonably comfortable giving out that information as there checks and balances (as noted above) but more than this the banks tend to err on the side of avoiding a PR nightmare if someone uses routing/account to defraud their customer.  For bank security you should be more concerned about a) your credit card, only use secure https sites and ones you can see are dealing with lots of customers b) your identity, someone with your social security number, a recent bank statement and some basic information about you (like family, birth location etc) can assume your identity c) your bank login, be sure to create a strong password, pref 10 characters or more with numbers, symbols and upper & lower case. A site like http://strongpasswordgenerator.com/ can help here.


Wearing different kind of shirts, especially T shirts has been in vogue from ages. These T shirts are made of super fine cotton and observe the heat and sweat and make the person feel comfortable in them. The T shirts have fan following across the globe and every day, we can see new kind of T shirts with different cuts, designs, slogans, styles as well as in shapes.


"I think you need to realize that regardless of whether they are ""shady"" or not, owners/founders are by and large in it for themselves. You as an employee as just a resource - why should they divulge their finances to you? You won't offend them if you pry and ask for it, but they simply are not going to give you the straight up. They will give you a bare minimum or some song and dance that beats around the bush without actually telling you what you need to know. In regards to whether you should buy the restricted shares: why not? Startups are a gamble anyway. So simply decide how much you're willing to gamble, and spend that much buying some shares. I mean, you're already taking the gamble by accepting a lower salary in exchange for equity which, in all likelihood, will never be worth anything anyway."


"I think your question is the reason why generics are cheaper. Part of what you're paying for in a ""brand"" is consistency.  Depending on what you buy and where you shop, it may be a no-brainer to buy the generic brand of certain products. Buying generic OTC drugs is in that category. It's amazing to me that anyone purchases Tylenol, when the generics deliver superior quality at half the cost. But for other products, subtle differences can be significant. My wife would never purchase generic flour (which seems like it would be a commodity product) for baking, as she's a serious baker and there are qualitative differences and consistency issues between brands. If I were just making gravy, the those differences don't really matter."


"As far as I know, it's not barred by the primary anti-discrimination statute, Title VII of the Civil Rights Act of 1964.  There are some state and local protections against being fired or discriminated against based on this, but the long and short of it is that it's pretty few and far between.  If the CEO in question fired people who were all affiliated with the Democratic Party, and didn't fire people who weren't affiliated with said party, those who were terminated may have a case at that point.  This is from a [linkedin discussion](http://www.linkedin.com/answers/law-legal/employment-labor-law/LAW_ELW/449714-9356514):  > For private situations, there is also a Federal statute, 42 USC 1985(3), that prohibits conspiracies to deprive persons of equal rights and privileges that has been raised in various contexts. The statute, which is a Reconstruction era law, is broadly drafted to correct some of the abuses that arose after the Civil War for blacks trying to exercise their rights. However, it addresses ""any person or class of persons of the equal protection of the laws"" which could include party affiliation, or a particular political viewpoint. The ""class"" must be one that is sufficiently defined, so it is more likely to apply to party affiliation, such as Democrat, rather than an amorphous group, such as liberal. There are a number of nuances to this statute, so if you have a belief that it may apply to your situation, seek competent legal advice."


Years ago I hired someone part time (not virtual however) to help me with all sorts of things.  Yes it helps free up some time. However particularly with finances, it does take a leap of faith.  If you have high value accounts that this person will be dealing with you can always get them bonded.  Getting an individual with a clean credit history and no criminal background bonded usually costs < $600 a year (depending on $ risk exposure). I would start out small with tasks that do not directly put that person in control of your money.  In my case I didn't have an official business, I worked a normal 9-5 job, but I owned several rental units, and an interest in a bar.  My assistant also had a normal 9-5 job and worked 5-10 hours a week for me on various things. Small stuff at first like managing my calendar, reminding me when bills were due, shipping packages, even calling to set up a hair cut. At some point she moved to contacting tenants, meeting with contractors, showing apartments, etc... I paid her a fixed about each week plus expenses. I would pay her extra if I needed her more (say showing an apartment on a Saturday, or meeting a plumber). She would handled all sorts of stuff for me, and I gave her the flexibility when needed to fit things in with her schedule. After about a month I did get her a credit card for expenses. Obviously a virtual assistant would not be able to do some of these things but I think you get the point.   Eventually when the trust had been built up I put her on most of my accounts and gave her some fiduciary responsibilities as well. I'm not sure that this level of trust would be possible to get to with a virtual assistant. However, with a virtual assistant you might be able to avoid one really big danger of hiring an assistant.... You see, several years later when I sold off my apartment buildings I no longer needed an assistant, so I married her. Now one good thing about that is I don't have to pay her now.   ;)


Wrong way round. Transitional arrangements are non-binding guidelines that the lenders can observe if they choose to. The borrower - like your friend - doesn't  get to choose whether to use them or not. Your friend obviously can't afford the property, so if you do this, all I can say is congratulations on buying your new house, and I hope you got a deal on the mortgage.


The previous day's close on Thursday 10th October was 5,000.00 The close on Friday 11th October is 5,025.92 So the gain on Friday was 25.92 (5025.92 - 5000) or 0.52% (25.92/5000 x 100%). No mystery!


I think it depends where you live in the world, but I guess the most common would be: Major Equity Indices I would say major currency exchange rate: And have a look at the Libors for USD and EUR. I guess the intent of the question is more to see how implicated you are in the daily market analysis, not really to see if you managed to learn everything by heart in the morning.


"You can shop for a mortgage rate without actually submitting a mortgage application.  Unfortunately, the U.S. Government has made it illegal for the banks to give you a ""good faith estimate"" of the mortgage cost and terms without submitting a mortgage application.  On the other hand, government regulations make the ""good faith estimates"" somewhat misleading.  (For one thing, they rarely are good for estimating how much money you will need to ""bring to the closing table"".) My understanding is that in the United States, multiple credit checks within a two-week period while shopping for a mortgage are combined to ding your credit rating only once. You need the following information to shop for a mortgage: A realistic ""appraisal value"".  Unless your market is going up quickly, a fair purchase price is usually close enough. Your expected loan amount (which you or a banker can estimate based on your down payment and likely closing costs). Your middle credit score, for purposes of mortgage applications.  (If you have a co-borrower, such as a spouse, many banks use the lower of the two persons' middle credit score). The annual property tax cost for the property, taking into account the new purchase price. The annual cost of homeowners' insurance. The annual cost of homeowners' association dues. Your minimum monthly payments on all debt.  Banks tend to round up the minimum payments.  Also, banks care whether any of that debt is secured by real estate. Your monthly income.  Banks usually include just the amount for which you can show that you are currently in the job, with regular paychecks and tax withholding, and that you have been in similar jobs (or training for such jobs) for the last two full years.  Banks usually subtract out any business losses that show up on tax returns.  There are special rules for alimony and child support payments. The loan terms you want, such as a 15-year fixed rate or 30-year fixed rate. The amount of points you are willing to pay.  Many banks are willing to lower your ""note rate"" by 0.125% if you pay 0.5% up-front.  The pros and cons of paying points is a good topic for another question. Whether you want a so-called ""no-fee"" or ""no-closing cost"" loan.  These loans cost less up-front, but have a higher ""note rate"". Unless you ask for a ""no-fee"" or ""no-closing cost"" loan, most banks have similar charges for things like: So the big differences are usually in: As discussed above, you can come up with a simple number for (roughly) comparing fixed-rate mortgage loan offers.  Take the loan origination (and similar) fees, and divide them by the loan amount.  Divide that percentage by 4.  Add that percentage to the ""note rate"" for a loan with ""no points"".  Use that last adjusted note rate to compare offers.  (This method works because you have the choice of using up-front savings to pay ""points"" to lower the ""note rate"".) Notice that once you have your middle credit score, you can ask other lenders to estimate the information above without actually submitting another loan application.  Because the mortgage market fluctuates, you should compare rates on the same morning of the same day.  You might want to check with three lenders, to see if your real estate agent's friend is competitive:"


Firstly, I think you need to separate your question into two parts: If you are Chinese, live in China and intend to stay in China for most of your life then the default answer to question 1 should be Renminbi.  Question 2 is not as important, you can hold USD in almost any country in the world. Any investment you hold has risk, which may include market risk, credit risk, liquidity risk, inflation risk etc. Holding USD will expose you to exchange rate fluctuations as well.  If the Renminbi rises in value against the dollar your returns in USD will be reduced by the same amount (remember that for currency fluctuations you have to multiply the percentages, see here for a good explanation). The first thing you probably want to do is find out exactly what the assets are in the 理财 you have invested in.  The fact that there is a 'risk level' (even if it is only 2) would suggest to me that the fund is investing in some combination of bonds and stocks which means that your returns are not guaranteed and could make a loss. Interest rates on deposit accounts are mandated by the government in China, and the current 12 month deposit rate on RMB is 3%.  To earn over 3%, GEB must be investing your assets in something else (I'm guessing bonds).  Bear in mind that 1.5 years is a very short amount of time in investments, so don't assume this return will continue!  I'm afraid I've only been studying Chinese for a year, so I can't really help you much with the link you've sent through - you may want to check if there is any guaranteed minimum return, which can be the case in more complex structured products. Ultimately you will need to pick an investment which you feel gives you the best combination of risk and return for your situation, there are a huge amount of options to choose between.  The 4-5% you are earning right now is not a huge risk premium on the 3% you could earn in China from a time deposit, but in the current environment you may struggle to beat it without taking on more risk.  Before considering that though - understand how much risk you already have with GEB.


"For what it's worth, the distribution I'm currently using is roughly ... with about 2/3 of the money sitting in my 401(k). I should note that this is actually considered a moderately aggressive position. I need to phone my advisor (NOT a broker, so they aren't biased toward things which are more profitable for them) and check whether I've gotten close enough to retirement that I should readjust those numbers. Could I do better? Maybe, at higher risk and higher fees that would be likely to eat most of the improved returns. Or by spending far more time micromanaging my money than I have any interest in. I've validated this distribution using the various stochastic models and it seems to work well enough that I'm generally content with it. (As I noted in a comment elsewhere, many of us will want to get up into this range before we retire -- I figure that if I hit $1.8M I can probably sustain my lifestyle solely on the income, despite expected inflation, and thus be safely covered for life -- so this isn't all that huge a chunk of cash by today's standards. Cue Daffy Duck: ""I'm rich! I'm wealthy! I'm comfortably well off!"" -- $2M, these days, is ""comfortably well off."")"


I was part of a class action against First Tennessee Bank for this same shady shit.    Got my check in the mail last week for my portion.   $21.12  At one point, they hit me five times for overdraft charges, ($175).   No risk for them, charge the fuck out of you on the front end, pay back pennies on the back.  It's a win/win for them.   I joined a credit union (SkyOne) and love them, will never look back.


How I understand it is: supply/demand affect price of stock   negatively/positively, respectively. Correct. Volume is the amount of buying/selling activity in these stocks (more   volume = more fluctuation, right?). Sort of.  Higher volume means higher liquidity.  That is, a stock that is traded more is easier to trade.  It doesn't necessarily mean more fluctuation and in the real world, it often means that these are well-understood stocks with a high amount of analyst coverage.  This tends towards these stocks not being as volatile as smaller stocks with less liquidity. Company revenue (and profit) will help an investor predict company   growth. That is one factor in a stock price.  There are certain stocks that you would buy without them making a profit because their future revenue looks potentially explosive.  However, these stocks are very risky and are bubble-prone. If you're starting out in the share market, it's generally a good idea to invest in index funds (I am not a broker, my advice should not be taken as financial advice).  These funds aggregate risk by holding a lot of different companies.  Also, statistics have shown that over time, buying and holding index funds long term tends to dramatically outperform other investment strategies, particularly for people with low amounts of capital.


"I agree it's an agency problem. This why firms that are astute at making acquisitions properly align the incentives of managers and shareholders, and strive to make negotiating prowess a core competency (see [here](https://www.economist.com/news/finance-and-economics/21708671-two-economists-win-nobel-prize-their-work-theory-contracts-hard) and [here](https://www.economist.com/news/economics-brief/21725542-if-markets-are-so-good-directing-resources-why-do-companies-exist-first-our)).   This is easier said than done - there are many more Valeant Pharmaceuticals type companies (making acquisitions for financial engineering and ""growth"") than Gilead Sciences type companies (making acquisitions based on a keen understanding of the market's demands)."


I have been in a similar position for quite a while now and the only thing that seems to help is screening phone calls. I have a long list of collector numbers set to not ring on my phone. They can still leave a voice mail but they never do.  As far as I know there aren't any laws that protect you from nuisance phone calls. FDCPA letters only apply to the debtor and the collector it is sent to it doesn't protect an unrelated third party from getting annoying phone calls. I have a feeling that sending FDCPA letters is just confirming that you probably are the debtor and prolong the collection calls.


One big advantage that the 529 plan has is that most operate like a target date fund. As the child approaches college age the investment becomes more conservative. While you can do this by changing the mix of investments, you can't do it without capital gains taxes. Many of the issues you are concerned about are addressed: they are usable by other family members, they don't hurt financial aid offers, they address scholarships, they can be used for books or room and board.  Many states also give you a tax break in the year of the contribution.


Good point, but the idea I was getting at is that the money was already allocated for this purpose as it is regularly with every pay day.  The idea that some people should not get unemployment insurance payments because they happen to live in households that retain high income is not trivial and at very least should be put before a vote of representatives.


When calculating the NPV, is there anything I need to do in between the project start date outlay (Nov 2017), and the first cash inflow (July 2019). Do I need to discount the cashflow to the present, and if so, how? Yes, you need to discount every cash flow to the present time, not just the first one.   When discounting cash flows, the appropriate discount rate needs to represent the opportunity cost of the initial cash outlay.  Meaning if you were to use that money for something else, what rate of return would you expect? You could be safe and assume only a risk-free return (like 2-3%) or use the average rate of return of other investments (e.g. 10-15%). Another common approach is to use your cost of capital if you're raising funds for the project, or would instead have use the funds to pay off existing debt. Once you find a relevant discount rate, then just discount each cash flow by dividing them by e^rt, where r is the annualized discount rate (e.g. 0.10 for 10%) and t is the decimal number of years between now and the cash flow (e.g. 1.5 for 18 months)


For the constant growth problem, I don't see why the answer would be anything other than the stock price grown for 3 years at the cost of equity determined from CAPM. Someone can correct me if the dividend is relevant.  So:  rs = rf + beta x (market premium)  rs = 0.046 + 0.9 x (0.06) = 0.10  price now = $40.00  price after 3 years' growth = $40.00 x (1+0.10)^3 = $53.24  EDIT: https://www.quora.com/Why-are-dividend-yields-factored-into-beta  two conflicting answers so you'll just have to figure it out


GBP is widely traded currency and it is definitely possible to send GBP internationally with out any conversion. Of late banks are trying to maximize the FX and if they see a Euro country the sending bank assumes the beneficiary account is in Euro and converts to get FX spread than letting the beneficiary bank decide. Keep complaining to your bank and then the sending bank will put your account in exception and not convert next payments


Aim pistol at own foot. Pull trigger.  The job market is definitely tightening: people with experience are spending less time between jobs; recruiters are calling more frequently.  Too bad this has not yet helped the young and inexperienced.


I think that author does a disservice by writing such seemingly sensible articles without actually knowing how things work. If I didn’t know better, I would think this guy was teaching me something. It’s a shame he did not do research before he started writing.  Let’s say you buy a classic car. You take super good care of it, all original, mint condition. You paid cash for it out of your savings. This is a balance sheet transaction that has nothing to do with income. You traded your cash asset for a classic car asset.  Now let’s say this car is so rare and you keep it in such good condition that it gains value every year. Maybe it was worth $15k when you bought it, but this year it’s already worth $17k. Great job on making a great purchase! But is that $2k gain counted as income to you? No, it is not. The value of that asset on your balance sheet went up, but you did not make anything off of that increase in value because you have not sold it.  If you had to pay taxes on the increase in value every year, those taxes would essentially force you to sell that car to pay the taxes just because you took care of it. Additionally, in the long term, no one would want to own anything, so this would destroy the value of everyone’s stuff, but I digress.  In this example, amazon stock is the car. The author is seeing the increase in stock value adding to the balance sheets of the investors who bought the stock and confusing that with income.  Back to our example, let’s say your car increased in value $2k a year for two years and you decide to sell it for $19k - now we are about to realize some income! Since you bought it for $15k and sold for $19k, you earned an income of the difference, or $4k.   Your income wasn’t $19k, because you originally put $15k in cash into the car. That cash was already saved from income you made in the past, and it is not counted again as income in this sale.  Because you did not work for this new car sale income, but it was derived from asset growth, the income is called capital gains. You invested your capital ($15k) into the asset (car), and that asset appreciated. When you sold it, you received capital (money) back in exchange for that asset. The capital you received is more than what you invested, which is to say you gained $4k of capital by investing in and then selling your  asset (car).  Because you held the car for two years, you qualify for lower long term capital gains tax rate on that $4k. Had you sold it after year 1, you would’ve paid your regular normal income tax rate on those capital gains. Either way, you owe the tax when you sell the asset, not when it appreciates.  I’m sure you realize this already, but if we change the car to amazon stock in my story, this is exactly how it works with investors.  The author gets several things wrong   1 - amazon profits are not passed through to shareholders for income tax purposes. If amazon paid dividends, those dividends would be taxed at payout at the long term capital gains rate, and they would be paid out of cash amazon has left after it already paid corporate taxes on profits.   Amazon has decided they can add more value to investors by using cash to grow instead of paying dividends. When the investors sell the stock, they will owe capital gains on the growth of that stock. If amazon is correct that using cash to grow, then investors will effectively pay more when they sell the stock than they would pay today if dividends were paid.  2 - asset appreciation is not income. Those investors will realize the income when they sell the stock, and they will pay the tax then.   3 - he is missing the point entirely on why amazon runs a low profit or how business strategy translates into financials. Low prices are not a function of low profitability. Low profitability could be an adverse result of low pricing, but being low profit in order to be low price is a ridiculous and failing strategy. Amazon’s low pricing is a function of their unparalleled buying power, unparalleled consumer and product data, amazing logistics prowess, clever loyalty programs like amazon prime, and many other brilliant things they’ve done. Their low profitability is a function of their investment in things like amazon fresh, amazon Alexa, drone delivery, automated convenience stores, building out cloud computing infrastructure, and many other R&D projects, $4 billion in original content spending for amazon prime video, and all kinds of expenditures years ahead of when they become profitable. By the time consumers want it, amazon already built it three years ago - this is the power of amazon. Sometimes multi billion dollar experiments fail, and all that money was for nothing. Sometimes they lose money for a few years and then become the infrastructure that runs a third of the internet. Amazon does not let fear of failure stop them, they invest in growth with their cash. This is how Bezos thinks - how do we build the future, not how can I avoid tax    I do need to make a disclaimer here - there could be special tax treatment of classic cars that makes my example not work. Also classic cars may not appreciate in value. I don’t know anything about classic cars, I just picked a politically neutral thing to put in my story and made some assumptions to illustrate how capital gains work. My story is definitely how stocks work, and probably cars, but I just want to point out that I don’t know shit about car collecting.


Paying off debts will reduce your monthly obligation to creditors (less risk) and also remove the possibility of foreclosure / repossession / lawsuit if you ever lost access to income (less risk).  Risk is an important part of the equation that can get overlooked.  It sounds like pulling that money out of the market will reduce your yearly tax bill as well.


Marilyn Angelena is a Transformational Business Coach and Mentor known as Magic Makeover Genie!Marilyn works with Women Entrepreneurs and Small Business Owners who struggle to market their business effectively. What separates my service from other Business Coaches, Consultants and Mentors is that I only work with Women Entrepreneurs and Small Business Owners and I specialize in transforming your businesses using outrageous marketing strategies, both offline and online. Your business can literally be transformed in 26 weeks or less, regardless if you are just starting out with a new and fresh idea, you have been in business for a while and you aren’t making any money or you are making a profit and you are now ready to go to the “next level”.


I should mention I work as an analyst for our Wealth Management division and am also a CFA charterholder. I have done the basic research on WSO into IB and corporate banking roles. I was hoping to get into the weeds with very specific jobs and duties, if that makes sense.


This is something I love about only investing in tech. Every company I'd want to invest in has a great balance sheet anyway, that's just how their economics work, so I don't have to worry about this. I actually work in reverse. Like with AAPL, I'm deducting their cash from their market cap to get an even more attractive valuation*. As opposed to trying to work out all the complex debt and liabilities of a bank or something.  *AAPL actually does have some debt now but it's dead simple to deduct and only a workaround to their offshore cash.


They are being propped up by their own debt most of the time. Just because someone does better or plans better than you, doesn't mean they took anything from you.  There is no pie wealth is not finite. Its a myth. We not even coke vaguely close to the wealth creation potential of our species. Technologically we are still enfants but progressing pretty fast. Every day something that use to be hard becomes easy, not just for some but for everyone. Something that used to be impossible is just around the corner all the time. You are richer every day. Whether you want to admit it or not.


Almost every job I have had over the past thirty years required drug testing.   ALL tested for pot, narcotics, cocaine specifically, heroin, alcohol and others.   Saying the majority do not is wrong because the test is a standard panel.


With the W8-Ben filed, tax will be withheld at a lower rate. (I would expect 10%). Tax treaty treatment will mean that this witholding will reduce your UK tax even if this payment is not taxable there. This is only effective if you actually pay tax. This is how it works for lotteries and dividends as well.


"This is the best tl;dr I could make, [original](http://nirpumbrella.com/exec-at-fannie-mae-will-be-nominated-u-s-deputy-secretary/) reduced by 51%. (I'm a bot) ***** > President Donald Trump plans to nominate, general counsel for Fannie Mae, Brian Brooks as the deputy secretary of the treasury department according to Axios.  > Brooks joined Fannie Mae seven years after the subprime fiasco.  > Brooks does have a link to the White House as before joining Fannie Mae, he was vice-chairman of OneWest Bank and worked with Steven Mnuchin who wanted someone for the job that resembled loyalty, according to Axios&#039; unidentified sources.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6goafv/breaking_exec_at_fannie_mae_will_be_nominated_as/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~141894 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*: **Brooks**^#1 **Mae**^#2 **Fannie**^#3 **department**^#4 **Axios**^#5"


So real estate isn't a good investment?  Yeah, it's went down at times.  Still worth more now then say 15, 25 and 50 years ago right?   Is nothing a good investment because it has bad years?    Im not saying bitcoin is the best shit ever and it's perfect and everyone should buy it.  But we've heard time and time again that it was in its death throws. Yet after every dip, it recovers and reaches new highs.


They US does not give Israel aid, they take what they want, They control the government and the economy. That is why the Head of the Fed is always a Jew and why every US politician spreads his butt cheeks for a complete anal check in front of AIPAC. The Jews make up less the 1% of the US voter base, yet every decision that America has to make has a Jew up its ass including Ivanka.   It is simply the Truth


Half VTI (Vanguard Total Stock Market ETF) and half VEU (Vanguard FTSE All-World ex-US ETF), and stop futzing.  The US is roughly half the world market cap so this is like a total world equity index.  Very low costs. VTI Expense ratio is 0.04% as of 04/27/2017. I don't know what you mean by RSG, but it could be either a waste processor or a gold miner. Either way it seems kind of speculative to hold even 10% of your wealth.


I'd say that because you are young, even the 'riskier' asset classes are not as risky as you think, for example, assuming conservatively that you only have 30 years to retirement, investing in stocks index might be a good option. In short term share prices are volatile and prone to bull and bear cycles but given enough time they have pretty much always outperformed any other asset classes. The key is not to be desperate to withdraw when an index is at the bottom. Some cycles can be 20 years, so when you need get nearer retirement you will need to diversify so that you can survive without selling low. Just make sure to pick an index tracker with low fees and you should be good to go. A word of warning is of course past performance is no indication of a future one, but if a diversified index tracker goes belly up for 20+ years, we are talking global calamity, in which case buy a shotgun and some canned food ;)


That seems like a very high valuation. 2 years ago in the Ellen Pao lawsuit Pao's side claimed Reddit was worth $250mm, and the press had claimed it was $500mm. Either Reddit's valuation has more than tripled in 2 years, or this article is misleading.


I think the problem with AC is:  It's junky - The entire city seems rundown and poor. The beach isn't very nice (compared to OC Md, Rehoboth, VA Beach, etc...).  It's expensive - It seems like a room that would cost $200/night in Las Vegas always costs like $350 a night in Atlantic City.   I live in Maryland. I vacation in Ocean City MD every year. AC is 30 minutes closer to me. If AC had Las Vegas hotel room prices and a nice beach I would go there every year.


"It's no where near that simple. Defined benefit plans for enterprises as large (and as old) as automakers or the legacy airlines are incredibly complicated. It's not simply a matter of plugging the money into some piggy bank account and ""doing the right thing."" I think the people in these companies do honestly want to do right by their employees and retirees - and offering buyout options is, in some cases, a better deal for both recipient and the company."


Any sort of applications you go through in class, including physics, the textbook and hopefully the professor will give you full context of the type of problems to focus on. My ODE class spent a lot of time on population models too, so it won't just be physics.


If they are voting in reaction to what cities/ city folk are doing rather than for the good of their area then they deserve to die, I don't mean die as human beings but die as towns and municipalities.  And from where I'm sitting this seems to be exactly what they are doing.


"90% of what you need to know about diversity and racism was taught to my son in 2nd grade.  > My college education included a class on diversity laws in the us and the state i live.  So tell, me: what did that class teach you that you did not know?  I am asking, because maybe I can learn something that you know, but my son or me may not know.  > I evaluated how businesses predominantly focused on a market can effectively adjust their businesses plans to new markets.  This is taught in marketing and business classes. Even before the 1960s everyone was taught or knew that you can make money off minorities and niche groups because of their needs.  >  I could go on but i think you get my point.  No, I did not get your point. Please tell me about something you learned purely about ""diversity"". **Not about how to take advantage of diversity for economic and POLITICAL gains!**  Do you understand what I mean with the last thing I said? Think about it first."


You are very young, you make a huge amount of money, and you have (from what information you provide) very little debt. If you simply want to buy a house for whatever reason, sure, but be honest with yourself about why you want to buy it. I see a lot of people who think they're doing it for smart financial reasons, but then when I ask them about their pension savings and credit card debts and so on, there is no evidence that they are actually the kind of person who makes decisions for smart financial reasons. If you want a house because that seems like the thing that people do, maybe you could think more about what you actually want. If your concern is putting your money to work for you (you seem to dislike that you pay rent each month and after that month you don't have anything to show for your money, except of course that you didn't spent the last month living on the streets), you can do a lot better than getting a mortgage. For example, living frugally you should be able to dump 50k a year into investments; if you did that for a few years, you could reasonably expect the return to cover your rent and bills in a surprisingly small number of years (a lot less than a 25 year mortgage). Your question seems to be starting from the position that you should buy a house. You're asking if you should buy it now, or wait. You are rich enough now (and if your earnings keep going up, will be even more rich in a few years) that you should perhaps question your need to buy a house. With your kind of money, at this stage of your life, you can do a lot better.