You sell when you think the stock is over valued, or you need the money, or you are going to need the money in the next 5 years. I buy and hold a lot.  I bought IBM in 8th grade 1980.  I still own it.  I bought 3 share it from $190 and its now worth $5,000 do to dividend reinvestment and splits.  That stock did nothing for a thirteen years except pay a dividend but then it went up by 1800% the next 20 and paid dividends.  So I agree with other posters the whole pigs get slaughtered thing is silly and just makes fund managers more money. Think if you bought aapl at $8 and sold at $12.  The thing went to 600 and split 7-1 and is back to $120.   My parents made a ton holding Grainger for years and I have had good success with MMM and MSFT owning those for decades.


"I feel that OP's question is fundamentally wrong and an understanding of why is important. The stock market, as a whole, in the USA has an average annualized return of 11%. That means that a monkey, throwing darts at a board, can usually turn 100K into over three million in thirty-five years. (The analog I'm drawing is a 30-year old with 100K randomly picking stocks will be a multi-millionaire at 65). So to be ""good"" at investing in the stock market, you need to be better than a monkey. Most people aren't. Why? What mistakes do people make and how do you avoid them? A very common mistake is to buy high, sell low. This happened before and after the 08's recession. People rushed into the market beforehand as it was reaching its peak, sold when the market bottomed out then ignored the market in years it was getting 20+% returns. A Bogle approach for this is to simply consistently put a  part of your income into the market whether it is raining or shining. Paying high fees. Going back to the monkey example, if the monkey charges you a 2% management fees, which is low by Canadian standards, the monkey will cost you one million dollars over the course of the thirty-five years. If the monkey does a pretty good job it is a worthy expenditure. But most humans, including professional stock pickers, are worst than a monkey at picking stocks. Another mistake is adjusting your plan. Many people, when the market was giving bull returns before the 08's crash happily had a large segment of their wealth in stocks. They thought they were risk tolerant. Crash happened, they moved towards bonds. Then bonds returns were comically low while stocks soared. Had they had a plan, almost any consistent plan, they'd have done better. Another genre of issues is just doing stupid things. Don't buy that penny stock. Don't trade like crazy. Don't pay 5$ commission on a 200$ stock order. Don't fail to file your taxes.  Another mistake, and this burdens a lot of people, is that your long-term investments are for long-term investing. What a novel idea. You're 401K doesn't exist for you to get a loan for a home. Many people do liquidate their long-term savings. Don't. Especially since people who do make these loans or say ""I'll pay myself back later"" don't."


Which strategy makes more sense: Check your new Fidelity 401k plan. Make sure it has a good group of funds available at very low fees. If it does, roll over your Principal 401k to your new 401k. Call Principal and have them transfer the funds directly to Fidelity. Do not have them send you a check. If the new plan doesn't have a good fund lineup, or has high fees, create a rollover IRA and roll your old 401k plan into it. Again, have Principal transfer the funds directly. Consider using Vanguard or other very-low-cost funds in your IRA. Taking the money out of your old 401k to pay toward your mortgage has several disadvantages. You will pay taxes and a penalty. Your mortgage rate is very good, and since you are probably in a high tax bracket and perhaps itemize deductions, the effective rate is even less. And you lose liquidity that might come in handy down the road. You can always change your mind later, but for now don't pay down your mortgage using your 401k money. As a result of being under 20%, I am paying mortgage insurance of   about $300/mo. This is wasted money. Save aggressively and get your mortgage down to 80% so that you can get rid of that PMI. If you are earning a high salary, you should be able to get there in reasonably short order. If you are maxing out your 401k ($18,000 per year), you might be better off putting it on pause and instead using that money to get rid of the PMI. I have no 'retirement' plans because I enjoy working and have plans to   start a company, and essentially will be happy working until I die You are young. Your life will change over time. Everyone young seems to choose one of two extremes:  In the end, very few choose either of these paths. For now, just plan on retiring somewhere close to normal retirement age. You can always change your plans later.


I think they're compounding the interest daily. That means you have to look at the number of days between payments to judge how much the interest charge is. From February 3 to March 2 is 28 days (2012 was a leap year). From March 2 to April 3 is 32 days. That's an increase of about 14% in number of days between payments, which accounts reasonably well to the ~$18 difference in interest charge.  Daily compounding also explains the minor fluctuations in the other interest charges. I think if you compute interest/day for each month, you'll find that it is, indeed, decreasing over time.


Carnegie Mellon University (CMU) and the University of Pittsburgh (Pitt) have different end of term dates but by less than a month.  Both have summer sessions, but most students do not stay over the summer.  You can rent over the summer, but prices fall by a lot.  Thirty to forty thousand students leave over the summer between the two.  Only ten to twenty thousand remain throughout the year and not all of those are in Oakland (the neighborhood in Pittsburgh where the universities are located).  So many of the landlords in Oakland have the same problem.  Your competitors will cut their rates to try to get some rent for the summer months.   This also means that you have to handle eight, nine, and three month leases rather than year long and certainly not multiyear leases.  You're right that you don't have to buy the latest appliances or the best finishes, but you still have to replace broken windows and doors.  Also, the appliances and plumbing need to mostly work.  The furnace needs to produce heat and distribute it.  If there is mold or mildew, you will have to take care of it.  You can't rely on the students doing so.  So you have to thoroughly clean the premises between tenants.   Students may leave over winter break.  If there are problems, the pipes may freeze and burst, etc.  Since they're not there, they won't let you know when things break.   Students drop out during the term and move out.  You probably won't be able to replace them when that happens.  If you have three people in two bedrooms, two of them may be in a romantic relationship.  Romantic relationships among twenty-year olds end frequently.  Your three people drops back to two.  Your recourse in that case is to evict the remaining tenants and sue for breach of contract.  But if you do that, you may not replace the tenants until a new term starts.  Better might be to sue the one who left and accept the lower rent from the other two.  But you likely won't get the entire rent amount for the remainder of the lease.  Suing an impoverished student is not the road to riches.   Pittsburgh is expected to have a 6.1% increase in house prices which almost all of it is going to be pure profit. I don't know specifically about Pittsburgh, but in the national market, housing prices are about where they were in 2004.  Prices were flat to increasing from 2004 to 2007 and then fell sharply from 2007 to 2009, were flat to decreasing from 2009 to 2012, and have increased the last few years.  Price to rent ratios are as high now as in 2003 and higher than they were the twenty years before that.  Maybe prices do increase.  Or maybe we hit a new 20% decrease.  I would not rely on this for profit.  It's great if you get it, but unreliable.   I wouldn't rely on estimates for middle class homes to apply to what are essentially slum apartments.  A 6% average may be a 15% increase in one place and a 3% decrease in another.  The nice homes with the new appliances and the fancy finishes may get the 15% increase.  The rundown houses in a block where students party past 2 AM may get no increase.   Both the city of Pittsburgh and the county of Allegheny charge property taxes.  Schools and libraries charge separate taxes.  The city provides a worksheet that estimates $2860 in taxes on a $125,000 property.  It doesn't sound like you would be eligible for homestead or senior tax relief.  Realtors should be able to tell you the current assessment and taxes on the properties that they are selling you.   You should be able to call a local insurance agent to find out what kinds of insurance are available to landlords.  There is also renter's insurance which is paid by the tenant.  Some landlords require that tenants show proof of insurance before renting.  Not sure how common that is in student housing.


"Very good Ben, in a more simplistic form:  If debt was about math only, we would not have payday lenders, 21% + credit cards, or sub-prime car loans.  Yet these things are prevalent. Debt reduction is often about behavior modification.  As such small wins are necessary to keep going much like a 12 step program; or, gamification as Ben pointed out.   The funny thing is that if a person becomes and stays intense on a debt reduction program, interest rate ""inefficiency"" is dwarfed by extra income or increased austerity."


I disagree with those that claim an HSA is only useful for those that can afford it. An HSA is useful for anyone that is eligible to contribute to one and also pays their medical bills. This is true even if you are living paycheck to paycheck and have no money left over to contribute! Here's how you do it: This way even if you don't have enough money to make regular contributions to the HSA, you still get the tax advantage anytime you make a payment. It's effectively the same thing as regular contributions but without having to guess how much you'll need. You only contribute exactly the amount you need.


"Strategy would be my top factor.  While this may be implied, I do think it helps to have an idea of what is causing the buy and sell signals in speculating as I'd rather follow a strategy than try to figure things out completely from scratch that doesn't quite make sense to me. There are generally a couple of different schools of analysis that may be worth passing along: Fundamental Analysis:Fundamental analysis of a business involves analyzing its financial statements and health, its management and competitive advantages, and its competitors and markets. When applied to futures and forex, it focuses on the overall state of the economy, interest rates, production, earnings, and management. When analyzing a stock, futures contract, or currency using fundamental analysis there are two basic approaches one can use; bottom up analysis and top down analysis. The term is used to distinguish such analysis from other types of investment analysis, such as quantitative analysis and technical analysis. Technical Analysis:In finance, technical analysis is a security analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. Behavioral economics and quantitative analysis use many of the same tools of technical analysis, which, being an aspect of active management, stands in contradiction to much of modern portfolio theory. The efficacy of both technical and fundamental analysis is disputed by the efficient-market hypothesis which states that stock market prices are essentially unpredictable. There are tools like ""Stock Screeners"" that will let you filter based on various criteria to use each analysis in a mix.  There are various strategies one could use.  Wikipedia under Stock Speculator lists: ""Several different types of stock trading strategies or approaches exist including day trading, trend following, market making, scalping (trading), momentum trading, trading the news, and arbitrage.""  Thus, I'd advise research what approach are you wanting to use as the ""Make it up as we go along losing real money all the way"" wouldn't be my suggested approach. There is something to be said for there being numerous columnists and newsletter peddlers if you want other ideas but I would suggest having a strategy before putting one's toe in the water."


No, it will have no negative impact on getting a mortgage. You are building up a history with regular payments and are not carrying a balance on the card each month. Your ability to get a mortgage will ultimately be based on other things. Money Saving Expert has a good guide on what will affect your credit score. A further discussion on the topic that backs up that what a mortgage company is interested in is affordability and a stable history. They really don't care about utilisation ratios.  (Though might be spooked by almost maxed out cards - sign of poor spending control, or large unused limits - too easy to go into bad debt.)


"The legal term for this is ""intestate succession"". The 1990 Uniform Probate Code form the basis for intestate succession, though implementation and supplementary provisions will vary from state to state. Under the Probate Code, the estate will be distributed as follows : The Probate Code does not appear to state what happens if no such beneficiaries are found.  I suspect the estate would be taken by the IRS after a suitable period of time has passed to allow for relatives to come forward. The source for this answer is the FindLaw website.  The law will apply equally to US citizens and foreign nationals."


"If the single active member lives in California and works at home, then you likely need to register in CA and pay the annual $800 franchise tax.  California is quite aggressive about enforcing registration of LLCs. A foreign LLC needs to register if it is ""doing business"" in California.  Here is a blog post that covers it in some detail.  It looks like you meet at least one of the criteria for doing business in California, such as:"


> Trump Says Debt Ceiling Is 'Not Necessary.' Is He Right?  Of course not! How could we live without an annual white-knuckle blame-fest to decide if we are going to pay for services we already ordered and received just to score political points?


If you are going to work on making as much money as humanly possible, then you ought to consider investing in the market. [Compound Stock Earnings](http://www.compoundstockearnings.com) agrees that investing in stocks is a fantastic technique to acquire prosperity on your own. Believe it or not, it’s the greatest source of wealth in the history of the world. For that reason, you need to ensure that you get started at the earliest opportunity.


>There’s no simple way to estimate the cost of UBI. But let’s assume the program is intended to alleviate poverty. The U.S.-defined poverty line for individuals with no children is $12,500. If the government were to give that annual sum to the 250 million adults in America, the cost would come to $3.125 trillion a year. It’s a massive figure, but not as crazy when you consider the cost of existing entitlement programs.  >According to the Center on Budget and Policy Priorities, Social Security payments came to $888 billion in fiscal 2015. Medicare, Medicaid and other health-related subsidies were $938 billion, while food stamps and other safety net programs totaled $362 billion. All in, that’s $2.19 trillion.  So cut social security and medicare for the elderly who have paid into it all their lives, AND increase spending by a trillion.  See, here's the part that doesnt make sense about UBI. The people who need the money the most get less and the program costs more. Then somehow it's labeled as a more efficient distribution of welfare. It's really quite baffling how retarded the concept is.


"People can pretend that those are the only types that work those jobs, but that is most often not the case. Most of the jobs in this economy are service jobs. Like, 70% are. So, are we to then assume that 70% of people had better just be teenagers who need beer money? (Obviously, this is an oversimplification, but I think the point is clear enough.) It is not as if people pop out a kid and subway suddenly says ""thanks for your service! Please report to a decent job with reasonable pay to start work Monday!"" Those jobs just aren't there. Furthermore, it isn't like Subway or McDonalds or walmart can't afford it, or like their prices would go up significantly to shoulder it. If walmart were to pay a living wage, it would cost their customers an extra cent or two per item. I imagine it would impact each business differently, but paying employees decent wages often proves to be a more cost effective strategy because turnover and customer satisfaction go up- ask shake shack or boloco or in-n-out. Its also better for the economy overall."


These are the same sort of people that calculate and rate the size and health of economies, the cost of social services, pensions, unionised wages, government intervention, deficits, debts, public sector costs, etc, etc. Sometimes it feels like the chaps advising the rest of us on the cost of things live on a totally different planet.


Yep, but only congress can create those debts: Article 1, section 8 states (in part):  >The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; [...]  >**To borrow Money on the credit of the United States**; [emphasis added]  Only the congress can create the debt. The President simply doesn't have the authority to borrow money.


How about on ability to do the job?  I think everyone has seen examples of women taking companies for a ride and milking them because they are pregnant and therefore untouchable. The blowback on that is that they are recognised to be less competent, in the round, than their male colleagues.  The solution is in their hands.


I owned and managed a few residential properties.  At one time the net cash flow was on the order of $1000 per month.  But it was work.  Lots of work.  I was managing about 7 units. This does not count the gains in capital appreciation which were significant.   Using a management company would have put the cash flow at 0 or in the negative and would have lowered the quality of management IMO.   Nothing comes for free...


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Real estate is always an interesting dynamic.  In most cases prices have always gone up.   Price is mainly a function of demand.  Sometimes demand is artificially inflated over a short term period and can come down quickly due to corrections.  During recessions the housing market will usually slow down.  There are some rare instances where certain areas never recover (see Subprime Mortgage Crisis Savings & Loans Crisis where scores of unwanted properties exist).  Things to consider:


Maybe this video can explain it better.   I'm sorry, I don't know how else to explain it. I'm not sure if you're getting it. This video looks pretty informative to me. Admittedly I haven't watched the whole thing. I just watch the first few minutes. Maybe a visual demo will help.   http://www.youtube.com/watch?v=2o9AU8MAoq4


Why for years has every broadband provider and their lobbyists been against anything net neutrality. Verizon sued because of imposed net neutrality rules and won, leaving Title II the only way to enforce net neutrality.   Why believe they won't just bribe congress to allow paid-prioritization, throttling, zero-rating and blocking?  These broadband companies need to start putting their money where their mouth is and stop with the bullshit lobbying against anything and everything remotely pro-consumer.


> Technology is not the the most powerful force in the universe. The most powerful force at play at any given time is imagination. Imagining a better way, an easier way, a new way and using technology to achieve it.  I was just discussing something like this with my family the other day; thanks to the imagination, technology is advancing faster and faster each day. Excellent post, thanks for sharing.


"Exchange A has 100 shares of a stock at $10, the next 100 shares cost $10.01. Exchange B has the same pricing structure.  A fund manager wants to buy 200 shares of the stock, and decides that buying 100 shares at $10 from each exchange will be cheaper than staying in one exchange and paying $10.01 for the second half of his order.  The manager places two separate orders. Let's say the first order reaches exchange A, and the trade executes at $10. Traders (algorithms) on exchange B see this happen, and adjust their price up to $10.01 accordingly. Now, when the manager's order reaches exchange B, there will no longer be any shares trading at $10.  Some people say that this is front running, but if the manager only wanted 100 shares, the price would have still shifted. Some say this creates a more efficient market with tighter spreads due to the decreased risk to the market maker, but it also means the aggregate bid-ask offers across multiple exchanges are not necessarily accurate, creating a ""false liquidity"". You can decide for yourself whether or not this is a good thing."


"There are two types of 401(k) contributions: ""elective contributions,"" which are the part put in by the employee and ""nonelective contributions,"" which are the part put in by the company.  Elective contributions are summed across all the plans she is contributing to.  So she can contribute $18,000 minus whatever she put in her 403(b). Additionally she can contribute 20% of the net profit of the company (before the elective contributions) as nonelective contributions (these contributions must be designated as such). You will notice that the IRS document says 25%, but that's what you can do if her business is incorporated.  For a sole proprietorship, nonelective contributions  ends up being limited at 20% of profit. Additionally, the sum of these two and her contribution to her 403(b) cannot exceed $53,000. Example: line 31 of her schedule C is $30,000 and she has contributed $10,000 to her 403(b). Maximum contribution to her solo 401(k) is ($18,000 - $10,000) + 0.2 * $30,000 = $14,000 Her total contributions for the year are $10,000 from her 403(b) plus $14,000 in her solo 401(k).  This is less than $53,000 so this limit does not bind.  If she made a ton of 1099 money, her contribution maximum would follow the above until it hit $53,000 and then it would stop there. The IRS describes this in detail in Publication 560, which also has a worksheet for figuring out your maximum explicitly.  It's unpleasant reading and the worksheets are painful, but if you do it right, it will end up being as I just described it.  Using the language of that publication, hers is a ""qualified plan"" of the ""defined contribution"" variety."


Yes, it's considered the students asset, regardless of the custodian aspect.  I don't know how you'd propose to put it in a retirement account, even with the earned income to facilitate this, the limit is $5500/yr.  The larger issue is parental income. That and parental assets. Tough to game that part of the system to get aid. In the end, one should look to scholarships, both merit and non merit based to maximize college support.


I can only answer about the U.S. For question 2, I believe the answer is no. If you are a non-resident alien for tax purposes, then only income connected to the U.S. is reported as income on the tax return. Unless there were any non-deductible contributions to your pre-tax IRAs, when you convert to Roth IRA, the entire amount of the conversion is added to your income. So the tax consequence is the same as if you had that much additional U.S. income. If you are a non-resident alien with no other income in the U.S., then the income you have to report on your U.S. tax return will basically consist of the conversion. Non-resident aliens do not have a standard deduction. However, all people have a personal exemption. If we take 2013 as an example, the exemption is $3900 per person. We will assume that you will file as single or married filing separately (non-resident aliens cannot file as married filing jointly). The first $3900 of income is covered by the exemption, and is not counted in taxable income. For single and MFS, the next $8925 of income is taxed at 10%, then next $27325 of income is taxed at 15%, and so on. So if you convert less than the personal exemption amount every year ($3900 in 2013), then in theory you do not pay any taxes. If you convert a little bit more, then some of the conversion will be taxed at 10%, etc.


Although it is strange, there is little risk. The first four numbers are just the card type (Visa, Master, etc.), and the last four alone don't give them much - there are still 8 digits missing that they do not have. There is nothing much they can do with that info, especially without the PIN and the CCV, so as I said, little risk. Maybe they are using this to verify that you are the right person - you probably used that card originally to put money in for the gaming. That would be a way for them to authenticate you.


"No offense intended but are you female? Every woman I know, in my FA ""class"" as well as co-workers, say 7 was harder than 66. While, not ""every"" man I know says the 66 was harder I'd say it was in the 80-90% range. It must be something about how our brains are wired differently."


Actually I was talking about years of having computers do all the flying and people  just being there as the contingency. I don't think we're more than a few years away from seeing the first commercial airliners that are piloted completely by computer and the person is the co-pilot. I don't honestly think it will take more than 10 years for automated commercial airliners to be commonplace. They won't completely take over the market in that time but my guess is that it will be common sooner rather than later.


"I'm not a tax lawyer, but from what I can tell it looks like you'd be eligible to use your contractor income to fund a Solo 401(k).  http://www.irafinancialgroup.com/whatissolo401k.php ""To access these benefits an investor must meet two eligibility requirements: The presence of self employment activity. The absence of full-time employees."" And from the IRS itself (http://www.irs.gov/pub/irs-tege/forum08_401k.pdf)"


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My buddy owns a place in a large U.S. city that he rents out on AirBnB. He makes about $3,000 a month on it during the summer months, and his monthly payment (including mortgage, interest, HOA, etc.) is probably around $1,300.


See the first item in the list: For our everyday business purposes – such as to process your   transactions, maintain your account(s), respond to court orders and   legal investigations, or report to credit bureaus Note that there's no option for you to limit this sharing. Credit reporting is the business need of the bank, not of the bureaus. They rely on them and others reporting it in their main business: lending. While you can limit the sharing with other banks/insurance companies/service providers so that you won't get offers from them based on the data shared by the bank, you cannot limit the credit reports themselves.


If it became a choice of reading books versus finding internships in the industry I would choose the latter.   If it is supplemental material to the internship I think that the ones you have listed are fine. Reading a book about an ever changing industry really isn't going to get you ahead. Experience is. That being said topics related to liquidity, repo transactions, and risk management to be key if you are entering the financial industry.  For prop trading there aren't going to be too many people writing about a how to manual on the industry because then they have more competition with their experience. IMO That is why you need to work with these people and acquire the knowledge firsthand.  Trading is not something you can read about you need to do it. Especially when you are competing with people who have done it their whole lives.


I think you'll find that a credit card does have an account number and sort code, I have had a Visa card previously and currently have a Mastercard. Both were paid by Direct Debit, and I could then transfer money to the account when I wanted to pay more than the minimum payment off. Check the introductory letter from the card provider, it should be on there, failing that, contact the provider and ask them for the details, how to pay, or a direct debit mandate for either the whole amount or the minimum amount.


Assuming that taxes were withheld when you received the options, you would now only owe tax on the profit from the sale of the stock.  The cost basis would be whatever you bought the stock for (the strike price of the options in this case), and the profit will be the total amount received from the sale minus the total cost of those shares. Since you bought the stock more than one year ago, you will get taxed at the long-term capital gains rate of 15% (unless you are in the 39.6% tax bracket, in which case the rate is 20%). As with all tax advice on this site, you need to check with a tax specialist when you actually file, but that should give you a rough indication of what your tax liability is.


Thanks for the writeup, it was a really informative read. I've been aware for a while now that Reagan and Reaganomics were in a large way the 'start' of most of the current problems in the economic and political landscape, but you filled in a few gaps that were really useful for me.  So I guess ultimately a lot of conservatives see it as a kind of necessary evil in order to bring about the success story that the current economy needs right now. Unfortunately, their strategy is totally wrong. That kind of makes sense with my observation that rather than supporting the cronyism and corruption, they turn a blind eye to it because they think it's necessary.  My view is not so much that labour and finance capital returns need to be balanced (although that is probably a great thing to aim for), but that creation of wealth/capital needs to be intrinsically linked with the creation of real value. The modern banking crisis was a great example of the ability to generate wealth while in fact destroying real value.


I'm the odd man out.   My previous boss (at the same company) had a kid at 15. Despite the extra responsibility, she managed to become a CPA and have a relatively successful accounting career.  Yeah it's nuts, what are the odds that all these people had kids early right? Get this, the purchasing manager's daughter had a baby at 19. She managed to hook her daughter up with a job at my place of employment in order to help her earn enough money to care for the baby (father punked out). There definitely seems to be a company culture of this sort of thing.  As far as seizing a promotion. I don't understand why someone who is inferior in every aspect except personal favor is automatically the best candidate for a promotion due to backdoor politics. So what you're saying is that I should focus on my soft skills and less on everything else in order to get ahead? It seems wrong that I'm forced to be stuck where I am because of back door politics and not because of merit and my ability to add value to the company. I guess I don't fit into the company culture because I don't have a sob story about how I'm supporting children I conceived before I was legally able to vote.   Edit: I should probably find another company that appreciates high performers.


I feel the need to separate my freelance accounts from my personal accounts. Yes, you should. Should I start another savings account or a current account? Do you need the money for daily spending? Do you need to re-invest in your business? Use a current account. If you don't need the money for business expenses, put it away in your savings account or even consider term deposits. Don't rule out a hybrid approach either (some in savings account, some in current account). What criteria should I keep in mind while choosing a bank? (I thought of SBI since it has a lot of branches and ATMs). If you are involved in online banking and that is sufficient for most of your needs, bank and ATM locations shouldn't matter all that much. If you are saving a good chunk of money, you want to at least have that keep up with inflation. Research bank term deposit interest rates. The tend to be higher than just having your money sit in a savings account. Again, it depends on how and when you expect to need the money. What do I keep in mind while paying myself? Paying yourself could have tax implications. This depends on how are set up to freelance. Are you a business entity or are you an individual? You should look in to the following in India: The other thing to consider is rewarding yourself for the good work done. Pay yourself a reasonable amount. If you decide to expand and hire people going forward, you will have a better sense of business expenses involved when paying salaries. Tips on managing money in the business account. This is a very generic question. I can only provide a generic response. Know how much you are earning and how much your are putting back in to the business. Be reasonable in how much you pay yourself and do the proper research and paperwork from a taxation point of view.


C++ for lean and low latency computing, VBA if you're just trying to do excel macros, or python if you want scripting outside of excel. Note that C++ is much much more complicated and has a MUCH higher learning threshold than the other 2.


Close to ten years for me. I went in at 5:58pm to get  a battery charger and asked someone where they were. He said that the store was about to close and he was outta there and walked off. Amazon is infinitely easier for non-emergencies.


Term life insurance makes sense if you will have a need for money if someone dies.  If you (and your brothers) do not have enough money currently for a proper burial for your father, then you might consider term insurance to cover this.  If you already have the money to cover this (or can save for it in a short amount of time), then you are better off financially to not purchase the insurance. Estimate what you think it will cost for a burial, then determine if you have this money available to you.  If you already do, then don't purchase the insurance. If you do not have this money available to you, then you can look into a term life insurance policy on your father.  You definitely do not want a whole life insurance policy.  This will cost many more times what a term policy costs.  A term policy is a policy with an expiration date. For example, let's say that you determine that you will need $10,000 when your father dies for the funeral and burial.  You could get a 10-year policy on your father for $10,000.  Over the next 10 years, besides paying your premiums, save up $10,000 ($1,000 each year) in some type of savings/investing account.  Hopefully, your father will still be around 10 years from now, and you won't need the insurance policy anymore, because you will have saved enough to cover the costs when the time comes.  Doing this will almost always cost you less than getting a whole life policy, which never expires, but has much higher premiums. There are also 20-year term policies, which will cost more, but will give you more time to save up your fund.  The costs for these policies depend on your father's age, so get a quote for both and decide what will work for you.


Assuming that's true, and giving you that EU countries are more interdependent than most, you're still massively overstating the effect of Greece's problems on the rest of the union.  Yeah, it's a problem.  Yeah, they'll all pay a bit for it.  Still, the economy is nowhere near collapse because of it.


"> Comcast has argued that—regardless of the competitive landscape in Internet service and cable television—the merger will not result in ""merger-specific"" harm. That is, the Internet may already be monopolized, but allowing it to acquire Time-Warner Cable will not make it any worse.   I like how they have gotten to the point where no fucks are given and they ca come out and say it without any repercussions"


Stock market is like poker: you don't take the same risks when it is fake money and thus you don't learn the same lessons from your mistakes. I would recommend instead to play with real market and real money (rule #0: use only money that you don't need). Start with safe products and go to the bath progressively. It took me about ten years and I am still learning.


Basically, a bunch of non-algo/HFT people read Michael Lewis' book, which is largely an advertisement for a new exchange and some hand-waving about people cutting you, so they come to this sub and talk in analogies with zero understanding of actual market microstructure. They're inevitably called out and either resort to sticking their fingers in their ears or deleting their comments.


"But what's the point of even saying that? You could get killed in a car accident tomorrow.   Should I just follow you around and post that any time you have some victory or good news? ""Yeah, you got a promotion, but you could get killed in a car accident tomorrow."" ""Hey, glad she accepted your proposal; but you could get killed in a car accident tomorrow.""  I could mix it up - ""You could have a *c. dificile* infection festering in your intestine right now - your days are numbered."" ""Heading to your kid's graduation? Plane could fall out of the sky on the way.""  I started all this by saying that the OP was a complete waste of time. It gives no advice, passes on no wisdom. There's nothing about it that anyone could act on to change their life. It offers zero value. Hell - the time I spent reading it (and arguing about it) I could've spent masturbating and been better off.   In closing - your success is *affected* by random chance. Also, the sky is often blue and more often than not water is wet at room temperature. Have a nice day."


A more updated answer: USAA is an American bank offering chip and pin credit cards to US customers.  USAA membership is restricted to military service members and their relatives, but according to this Los Angeles Times article, you do not need to be a USAA member to get a USAA chip and pin credit card. I'm a USAA member and can testify that my USAA chip and pin MasterCard worked in Europe, so assuming nonmembers get the same kind of card, it will work.  However, it's worth noting that for it to work, the place still has to accept MasterCard, which seems somewhat less common in Europe than in the USA.  (In Germany in particular, I was rather baffled to find that many places only accept some other European bank cards but not MasterCard/VISA.)


According to Regulation T, you can make as many day trade (round trip) stock purchases using a cash account as long as you have the funds to cover each and every round trip sale. However, the funds generated from the sales cannot be used again to purchase new stocks until the settlement period (T-2 or T-3) is over. For example, say you have $10000 dollars in your cash account and no securities. You buy 1000 shares of XYZ stock in the morning at one dollar per share and you sell the stock 30 minutes later because it went up say by 50 cents. According to Regulation T, you cannot use the money generated from the sale of your 1000 shares until after the settlement date. However, you can use the remaining $9000 dollars in your account to execute other trades just as the first trade. You can do this as many times as you want as long as you have funds available to pay for the transaction the same day it's executed. The only thing to worry about and that isn't clear, is, what happens if you perform this action more than 3 times in a week? Does it mean that your cash account now becomes a margin account subject to margin account rules because you executed more than three round trip trades in a five day rolling period?


My small business has developed a relationship with a larger branch of a regional bank. I generally work on site or at home,  so when I need a space for interviews etc. I just call the bank and reserve the meeting room there.


"> With about 10 minutes in front of google you could probably answer everything you just asked.  So after reading a vague, rambling blog post, my immediate reaction should be to google some of the vague points for 10 minutes in order to make sense of it, rather that just dismiss it as badly written blogspam and ignore it?  >The value of anyone's opinion should be weighed in regards to what they've done as a person or professional up to that moment in time.  I've no idea what she's done and I don't particularly care. It appears she sells training materials (though exactly what is a bit vague) and it's not really my industry so I don't really feel like looking into it further.  But the OP about start-ups being a ""long con"" is way off. I can only make a judgement from there.  Who are you? Her fucking cheerleader or something?"


> Vimovo was created using two readily and cheaply available generic, or over-the-counter, medicines: naproxen, also known by the brand name Aleve, and esomeprazole magnesium, also known as Nexium.  > The Aleve handles your pain, and *the Nexium helps with the upset stomach that’s sometimes caused by the pain reliever*.  > You can walk into your local drugstore and buy a month’s supply of Aleve and Nexium for **about $40**. For Vimovo, the pharmacy billed my insurance company **$3,252**.  The stomach pain that's *sometimes caused* by the other drug?  For an over 8000 per cent markup?  I'll take the Nexium, or the even-cheaper Prilosec, thanks.  And since the stomach pain is only sometimes, maybe a lot of us don't even need the bundled pain killer.  WTF.  The doctor in the article claims he didn't know the medication he prescribed was so expensive.  With the costs of medications these days, I think doctors should at least be aware of drugs they prescribe when they cost thousands of dollars - especially if there's a cheap counterpart.  > [Drug maker] Horizon says the high price is justified. In fact, the drug maker wrote in an email, “The price of Vimovo is based on the value it brings to patients.”  I hope Horizon gets as much hate as Martin Shkreli and Turing Pharmaceuticals did.  EDIT: Fixed mixed-up drug names.


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If I open and fill an ISA, then leave the account alone for an entire year, will I then be able to add an additional £[Insert ISA limit here] to the original money I put in the account?  Yes, you can. Will the full sum of £[Last years limit] + £[This years limit] that is in the account have interest paid on it? Yes, it will. Will the account be closed at the end of the period regardless? No. The account would only be closed if you requested it to be closed. Otherwise it would sit there with the original balance in it earning interest at the stated rate. The only way I can see an ISA being of any worth is by building up a substantial amount this way, but you would need so much cash laying around to max the ISA year on year. Just think of an ISA as like a completely normal savings account except that you don't pay tax on the interest, and there is a limit to how much you can deposit in any given year.  Right now, while interest rates have been low for a while, the savings rates on any account (including ISAs) are not desperately attractive; additionally, with the recent changes to how interest on normal savings accounts are taxed, ISAs are not quite such a big deal as they used to be.  If you look back to a time when interest rates were around 5%, a higher rate tax payer with £50,000 in a normal savings account would earn £2500 interest in a year, on which they would pay £1000 in tax. That made an ISA a very attractive option indeed.


It would be nice if the broker could be instructed to clear out the position for you, but in my experience the broker will simply give you the shares that you can't afford, then freeze your account because you are over your margin limit, and issue a margin call. This happened to me recently because of a dumb mistake: options I paid $200 for and expected to expire worthless, ended up slightly ITM, so they were auto-exercised on Friday for about $20k, and my account was frozen (only able to close positions).  By the next Monday, market news had shifted the stock against me and I had to sell it at a loss of $1200 to meet the margin call.  This kind of thing is what gives option trading a reputation for danger: A supposedly max-$200-risk turned into a 6x greater loss.  I see no reason to ever exercise, I always try to close my positions, but these things can happen.


They will include the rental income into the calculation. They don't give you a 100% credit for the income because they have to factor that you might have a gap between tenants.  Years ago they only credited me with 66% of the expected monthly income.  Example: This expense was then supposed to come from the 10% of my income that was allocated for monthly non-principal mortgage loans, e.g student loan, auto loan, credit card debt...


If you bought a Barbi doll for a 6 year old boy who obviously doesn't want it and won't play with it, would you say the toy is bad? That same toy would be perfect for many 6 year old girls.   School being paid for and given to kids that don't want it doesn't mean it's a bad system, just that some have no interest in using it.


You can take out a personal loan for any reason - to burn the money for fun, if you like. But be aware that you owe it back, not your mother, or anyone else. They will come to you for the repayments.


And therein lies the solution to 'studios charge per ticket.' If studios got a cut of food and drink instead, ticket prices could plummet back to barely covering A/C and janitorial services, and more butts would hit more seats holding more already-overpriced snacks.


"It doesn't matter if the terms are a ""fair deal"" or are ""too good to be true"" — either way, it's definitely a scam. They are ""phishing"" for your personal information, including your banking information, and have no intention of giving you a loan. How can I tell? Simple: all such offers like this everywhere are scams. There is no economic situation other than being a scammer to do this. Why would an individual put out their money to strangers at such a high risk for even a much, much higher purported return? They wouldn't."


I think firstly you need to make a list of things you need to shop and make a list of websites which are offering good deals for the items you want to purchase. You can use vouchers collected from previous purchases. Call the sellers for the listed items and see if you can negotiate a better deal. The reason you need to do this - you may not get great deals for the items you intend to purchase during or after Christmas/Boxing day/New year/. My answer start looking out from today.


As much as you would like to believe in American exceptionalism, I am afraid it is has come to an end. The Jews you love so much have taken over your government and sucked it dry, all you have is debt between your Treasury and your Jewish Fed. They will tax what little you have left. And then eventually history will replay its self in its inevitable cycle.  What does America export, beside financial goobly gook and weapons, little else that is not made cheaper and better every where else and thats why you have a trade deficit. You can't even build a decent fucking car anymore.  Your youth is no longer educated and your nation is now perpetually so stoned they don't have a fucking clue what is happening around them.  You are involved in wars you cannot win, paying with money you do not have, trying to destabilize the Middle east and Muslim countries because the very same Jews that have infested you Political and economic system  want to annex more land.  You have no moral , religious, social or ethical structure left, in fact you no longer know whether your children should grow up as men or women or neither or either.  Every world leader is laughing at you and openly making fun of you and now that you are exposed as supporters of ISIS and ISIL and whatever you want to call them, are leaving you and your alliances.  Your government is openly corrupt and takes bribes from lobbyists and in the end the Biggest fucking moron that your country could produce has been installed as your president, regardless of who you voted for or wanted.  Your President has only one fucking skill, declaring Bankruptcy and that is why he was chosen, to first insulate the Global economy from your Fed driven soon to be hyper inflated dollar and then bring the abomination straight down in another controlled demolition.  You think you are coming out of this  . . . .now that is wishful thinking


"First off, with startups, forget that you know about common structures of debt and equity. Just try to think of this money as a generic ""investment"" that meets the investors risk and return objectives.  Startups are unique in that they are high risk but generally have almost no assets or security for an investor. Investors generically want two things: 1) Return and 2) Limited Risk.   Without speculating too much: consider that the investor might be viewing the return component as the 30% equity and the 8% dividend and he views the risk management component as the additional 30% equity, until repaid.  A different way of looking at this might be that the investor would require an equity stake greater than 30% with greater than a 8% dividend if he did not get the initial investment back in return for the reduced stake.  In other words, this structure is debt and equity because that is what the investor can demand.  Maybe you can get around this by offering a higher equity stake or offering something else although this structure is common because it aligns interests of the investor and the startup."


"I think you are asking about actively managed funds vs. indexes and possibly also vs. diversified funds like target date funds. This is also related to the question of mutual fund vs. ETF. First, a fund can be either actively managed or it can attempt to track an index. An actively managed fund has a fund manager who tries to find the best stocks to invest in within some constraints, like ""this fund invests in large cap US companies"". An index fund tries to match as closely as possible the performance of an index like the S&P 500. A fund may also try to offer a portfolio that is suitable for someone to put their entire account into. For example, a target date fund is a fund that may invest in a mix of stocks, bonds and foreign stock in a proportion that would be appropriate to someone expecting to retire in a certain year. These are not what people tend to think of as the canonical examples of mutual funds, even though they share the same legal structure and investment mechanisms. Secondly, a fund can either be a traditional mutual fund or it can be an exchange traded fund (ETF). To invest in a traditional mutual fund, you send money to the fund, and they give you a number of shares equal to what that money would have bought of the net asset value (NAV) of the fund at the end of trading on the day they receive your deposit, possibly minus a sales charge. To invest in an ETF, you buy shares of the ETF on the stock market like any other stock. Under the covers, an ETF does have something similar to the mechanism of depositing money to get shares, but only big traders can use that, and it's not used for investing, but only for people who are making a market in the stock (if lots of people are buying VTI, Big Dealer Co will get 100,000 shares from Vanguard so that they can sell them on the market the next day). Historically and traditionally, ETFs are associated with an indexing strategy, while if not specifically mentioned, people assume that traditional mutual funds are actively managed. Many ETFs, notably all the Vanguard ETFs, are actually just a different way to hold the same underlying fund. The best way to understand this is to read the prospectus for a mutual fund and an ETF. It's all there in reasonably plain English."


> Support of Trump has always been unpalatable to most on the left but now it's unforgivable.  good.  i really hope the left keeps doubling down on the hateful rhetoric and the violence.  it shows the world the true side of the tolerant left.


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Robinhood seems interesting. Some say it's a gimmicky site with a nice UI not an investing or trading platform. From investopedia: 1. For now, the app stays afloat for mainly two reasons. First, the business itself is extremely lean: no physical locations, a small   staff, no massive public relations campaigns and only one operating   system platform to maintain. Robinhood also generates interest off of   unused cash deposits from user accounts according to the Federal Funds   rate. 2. Second, venture capitalists such as Index Ventures, Ribbit Capital,   Google Ventures, Andreessen Horowitz, Social Leverage,and “many   others” have invested more than $16 million in the app. 3. According to Barron’s, Robinhood plans to implement margin trading in   2015, eventually charging 3.5% interest for the service. E*Trade   charges 8.44% for accounts under $25,000. Phone assisted trading will   also be available at $10 per trade in the future. 4. Originally, Robinhood planned to make money off of order flows – a   common tactic used by discount brokerages in the 1990s to generate   revenue. According to the company's FAQ, Robinhood backpedaled on the   idea because it executes orders through a clearing partner and, as a   result, receives little to no payment for order flow. The company is   willing to return to its original plan in the future if it receives   order flows directly or begins to generate a lot of revenue from them.


You're not missing any concepts! It sounds like you are contributing a piece of collateral to the business, and you want to know a fair way to value how much this contribution of collateral is worth. Technically the economic answer would be the difference in interest between a secured loan and an unsecured loan.  So for example suppose that the business could get a loan at 17% without the collateral (maybe just on a credit card) but with the duplex as collateral it is able to get the loan at 10.5%. In principle, the value of this collateral is (17% - 10.5%) or 6.5%, because it has allowed the business to pay 6.5% less interest on its loan.


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"The difference between me and Uncle Sam is that Uncle Sam gets the lowest interest rates in the world.  If I could borrow money at 1.7% for 10 years you bet your ass I'd do it!    Also, the notion that ""Uncle Sam is running out of people to borrow from, and is having trouble paying those loans back (and the interest)"" is just false.  US treasuries are the most sought after debt in the world.  If anyone had any doubt uncle sam would pay them back, interest rates would be skyrocketing, not at historic lows.  After that quote I turned it off, about two minutes in.  This is just more FUD designed to get you to buy gold or whatever.  Ignore it."


I've seen an increasing number of writeups about this.  Some peers think people just use more credit cards nowadays (instead of cash for instance), and that it's normal.  I'm not buying it.  I think this is a serious problem and I'm wondering how we're going to see this play into the US economy moving forward.  Also, if anyone knows how the EU is doing with credit card debt, I'd be grateful for any data points.


My experience has been that they are expecting all damage to be covered as best as possible.  They may withhold the remaining funds until you prove the work was done.  Any money leftover is yours as long as they accept your proof.  Be careful they don't withhold so much that you aren't able to get a full repair, and try to get paid directly as most repair companies wanted to inflate the costs while letting me know they would handle the transaction.  No thanks.


"It is not clear to me why you believe you can lose more than you put in, without margin. It is difficult and the chances are virtually nil. However, I can think of a few ways. Lets say you are an American, and deposit $1000. Now lets say you think the Indian rupee is going to devalue relative to the Euro. So that means you want to go long EURINR. Going long EURINR, without margin, is still different than converting your INRs into Euros. Assume USDINR = 72. Whats actually happening is your broker is taking out a 72,000 rupee loan, and using it to buy Euros, with your $1000 acting as collateral. You will need to pay interest on this loan (about 7% annualized if I remember correctly). You will earn interest on the Euros you hold in the meantime (for simplicity lets say its 1%). The difference between interest you earn and interest you pay is called the cost of carry, or commonly referred to as 'swap'. So your annualized cost of carry is $60 ($10-$70). Lets say you have this position open for 1 year, and the exchange rate doesnt move. Your total equity is $940. Now lets say an asteroid destroys all of Europe, your Euros instantly become worthless. You now must repay the rupee loan to close the trade, the cost of which is $1000 but you only have $940 in your account. You have lost more than you deposited, using ""no margin"". I would actually say that all buying and selling of currency pairs is inherently using margin, because they all involve a short sale. I do note that depending on your broker, you can convert to another currency. But thats not what forex traders do most of the time."


That’s simple not true. What you pay your employees is directly associated to what it costs for said employees to live. You can pay a professional employee $80k in Milwaukee and they will be happy, and you won’t be able to find the same anywhere near the same professional employee in NYC for $80k.


I'm familiar with the quote. The institution you donate to can keep you anonymous. The person actually benefiting is not aware of your generosity. This is how I understand the biblical meaning.  By the way, a number of people who donate, do not take the tax deduction, so as to not benefit. To them I suggest they calculate the refund, and add that to their donations the next year.


FYI...during the housing boom here in the US many people spoke about ever increasing home prices.  Many thought home prices could never go down.  Until they did. If it seems like it is impossible for home prices to continue to go up then they probably will stop going up at some point, although the rising prices can continue for a lot longer than you think possible. I'm wondering if Malaysia is feeling the effects of the US FED which flooded the market with US dollars after the crisis.  The Malaysian central bank holds US dollars as its foreign exchange reserves.  In order to keep the ringgit from rising against the dollar the Malaysian central bank will print up ringgit to purchase dollars which suppresses the value of the ringgit.  This has the effect of artificially lowering interest rates as ringgits become readily available leading to a boom - the boom being in real estate.  Just a hunch. Is the dinar in Kelantan getting much attention in Malaysia?  This is starting to make a little news here.


The GlobalTradeConnect contains a Maximum number of wholesale product categories and you can choose from thousands of wholesale companies on our Business 2 Business directory. The expression business to business industry is used for an E-Commerce, which basically enhancement the businesses.From buying an item, then getting it all the way to ending the scope, everything occurs online without any actual connections.Hence, B2B market segments can principally be described as websites, which are made and used for business to business.


Yeah, after watching his stream it did change my opinion of him. Went from hating him like most people in this thread to liking him. He's a very reasonable person just likes to troll lol.    You can watch one of his presentations where he makes a valid argument when confronted by a Harvard professor:  https://youtu.be/NE9PEpy-JI4


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They are flame broiled, then put on a bun and places in a steam warmer, they are pretty warm when they come out (helps to soften the buns a bit too).  There are only a few things they microwave before sending out usually.  Its been awhile (over 15 years) since I worked there, but I am sure the process is pretty much the same.


> The issue is that they aren't leaving, they're using a loophole to avoid paying corporate taxes even though their revenue, operation, manufacturing, and logistics base is still primarily within the United States.  They're obeying the law to the letter. Whose fault is it that you don't like the law? The company's, or the government's?


">If we could provide medicine, food, clothing, shelter, and internet access to every person in the country, then it hardly matters how callous and Randian the employment market is.  We can already provide medicine, food, clothing, shelter and internet access to every person in the country, for your implied price of more-or-less free.  Our GDP per capita versus our prices is high enough that a basic income program and a universal health-care program could pretty much *solve* the fundamental economic problems of life (in the ""how do I not die on the street?"" sense).  Capitalism in the Randian sense *is what stops us from doing so*."


I feel something needs to be addressed The last 100 years have been a period of economic prosperity for the US, so it's no surprise that stocks have done so well, but is economic prosperity required for such stock growth? Two world wars. The Great Depression. The dotcom bust. The telecom bust. The cold war. Vietnam, Korea. OPEC's oil cartel. The Savings and Loans crisis. Stagflation. The Great Recession. I could go on.  While I don't fully endorse this view, I find it convincing: If the USA has managed 7% growth through all those disasters, is it really preposterous to think it may continue?


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I would argue for another type of lottery not mentioned that still denies trades but makes it impossible for a trade to improve on satisfaction. Basically shift from school level lotteries to student level lotteries. You use a lottery to rank all students, such that the students are ranked 1 through N. Where N is the total number of students. Student number 1 gets their top choice school. Student X gets their top school that's not already filled up. This student level, instead of school level, lottery then guarantees that it's impossible for a pair of students to trade and both get a better choice than what they got from the lottery.


I will take Obama with an unbroken job creator record  despite a deliberate  GOP NO policy in Congress over George Bush and Herbert Hoover's massive job destruction any time, any day, any minute.   As for regulations - industry after industry have failed to self regulate effectively leaving state and federal government the onerous task. All it takes are a few companies in an industry to systematically break the rules for cost-cutting advantages relative to their competitors - and self regulation goes awry as in BP and Halliburton in the Gulf and all the small businesses hiring illegal immigrants and thus encouraging the illegal practice.


Nope, not a Moto G, it's a new budget model with the name Moto E. I'll see if I can link to it on a sec.  *edit  [Here's the link]( http://www.motorola.com/us/consumers/shop-all-mobile-phones/Moto-E/moto-e.html)  I just bought the plain black one, but it's kind of neat that they make interchangeable colorful backs if that's something you're into I guess.


"Note that an index fund may not be able to precisely mirror the index it's tracking. If enough many people invest enough money into funds based on that index, there may not always be sufficient shares available of every stock included in the index for the fund to both accept additional investment and track the index precisely.  This is one of the places where the details of one index fund may differ from another even when they're following the same index. IDEALLY they ought to deliver the same returns, but in practical terms they're going to diverge a bit. (Personally, as long as I'm getting ""market rate of return"" or better on average across all my funds, at a risk I'm comfortable with, I honestly don't care enough to try to optimize it further. Pick a distribution based on some stochastic modelling tools, rebalance periodically to maintain that distribution, and otherwise ignore it. That's very much to the taste of someone like me who wants the savings to work for him rather than vice versa.)"


It is indeed not comparable. Companies move faster from one state to the next than from one country to the other. The company can move, or the activities can move. This is a quick win in your local economy. It's not sustainable but it can give the local economy a temporary boost, en then the economy can grow in a sustainable way.  But if it doesn't work on a state level, and one state cannot make it economy grow by attracting activities from other states, then how can a country do it?  I mean, it does work to some extend, look at Ireland for example, but it's not a perfect scheme, look at Ireland for example.


Just saw the video. I think there will be less incentive for businesses and governments to allow automation to reach a point where the majority of the population is out of work. It's not hard to imagine why any economic system that puts automation above everything can end up in disarray. Excess automation will trigger the law of diminishing returns to kick in. In end the system will have to regulate itself to survive.   Example: pro-automation gvt and businesses increase investment in automation. Margins increase which leads to more spending and investment. More workers are laid off. The standard of living increases in the short-run. As more workers are getting laid off aggregate demand decreases and spending decreases leading to a recession.   The glut of production dampens the market further. Standard of living decreases. Income disparities between disenfranchised workers and sponsors of automation increase. Anti-automation movements commence, social conflict ensures. Production grinds to a near halt as unrest increases.   Now two things are possible either pro-automation gvt gives in to the pressure and introduce labor reforms abolishing full automation to allow job creation or they are ousted in a social revolution and an anti-automation gvt takes over, automation is kept in check.


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The short answer is the drafting got kind of fucked up in the bill, and confessional and state republicans were able to launch lawsuits challenging the provision as unconstitutional, and have got a favorable ruling from a conservative district court, the district court's order has gotten stayed pending a slow moving appeal.  Trump has the power to flip the governments official position and say he agrees with the district court and won't enforce pending the appellate ruling.  The case is a tough one because the plain language reading differs pretty starkly with the clear intent.


This is business as usual, except that you need to keep in mind that the corporate entity is separate from the individual. As such - all the background checks and references should be with regards to the actual renter - the corporation. You should be cautious as it is not so easy to dissolve an individual (well... Not as easy, and certainly not as legal), as it is to dissolve the corporation. So you may end up with a tenant who doesn't pay and doesn't have to pay because the actual renter, the corporation, no longer exists. So check the corporation background - age, credit worthiness, tax returns/business activity, judgements against, etc etc, as you would do for an individual.


"Here's a tip, man. If you find yourself starting a sentence ""I'm not racist, but..."" or ""I'm not homophobic, but..."" or ""I'm not sexist, but..."", just stop before you get to the ""but..."" part. It almost always proves the first half of your sentence incorrect.  In this case, you finish the sentence with a generalization of women, that three women will create drama whereas three men will not. That is sexist. If someone said the same thing regarding hiring black people, you would probably consider that racist, right?"


Get in touch with a competent company that offers stone restoration solutions if you are looking for professional sandstone polishing services. Such companies understand that each rock is different and thus, offer services accordingly to provide the best results.


But why not call it economic hardship, cause that is what it is. Using strong negative words loosely (like slavery, racist (don't want to get into the 'racist' debate but it still serves as a good example)) as if you do they loose the strength of their definitions.   She CAN change her life in a positive way, slaves couldn't. It'll be hard but doable.   And if she chooses to work at a dead-end job that it HER choice. If she likes it more power to her, I'm not one to judge what makes her happy, but don't you dare come asking for help when you can change. Show me the progress you're making and I'd gladly help. You don't help a druggie who continuously shoots up, you help the ones who help themselves get better, not continue to swim in the mess they made.


Worthwhile article. Long but very good read.  Interesting how only until recently were wiretaps being used. I heard about this from a friend- it took an outsider to the white collar crime division to get them to start pushing for wiretaps, and until they did that, they werent able to get anyone at all.


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You conveniently missed the part where I said THEY'RE THE BEST SELLING CAR IN THEIR CLASS.  They literally have more demand than they can produce for the next 5+ years.  The reason they're posting losses is because they can't reinvest their money fast enough to keep up with their demand growth.  Are you going to argue that because Amazon posted a $126 million loss last quarter they are not as valuable of a company as the Mom & Pop book store down the street that barely broke even?  I will reiterate: I don't think you understand how business works.


"An option is an instrument that gives you the ""right"" (but not the obligation) to do something (if you are long). An American option gives you more ""rights"" (to exercise on more days) than a European option. The more ""rights,"" the greater the (theoretical) value of the option, all other things being equal, of course. That's just how options work.  You could point to an ex post result, and and say that's not the case. But it is true ex ante."


"I'm not sure of the theological basis against usury in sharia law. IIRC, sharia forbids excess compensation, and the modern interpretation of this includes interest.  Rules about banking are common in religious faiths. The Catholic church viewed interest as the ""selling of time"", and since time is a force controlled by god, charging interest was a heretical practice. For private transactions, modern Islamic banking is a relatively new phenomenon that emerged in the postwar period. I don't think this method of banking is a ""house of cards"", it's just different. Some US states, like California, also subject lenders to higher levels of risk. (ie. borrowers can walk)"


Thanks for explaining added value - I do not think professors are much, if any part of the problem, it really does come down to cost in my eyes. Year over year costs go up. As a country we are pricing ourselves out of education. It will continue to create disparity and eventually you will have a large segment of the population saying no way on college (I can get a lot of free courseware on edx.org and other sites).   As numbers drop colleges are going to be hard pressed to really make money.  I often ponder what that money is spent for. I know a chunk goes to sports and other not necessarily academic activities.  I have advocated for years to people who cannot afford to go to a 4yr college to attend community college, get an Associates and make their decision from there.   With exception of the Ivy league schools I do not think there is enough value in 4 yr degree's in the job market. I am in IT and the number of people I have worked with who have had degrees since the early days of my career has dropped greatly. Many of them had non-computer degrees and jumped job fields to fill gaps early on.  Just my two cents. I really believe that most professors are not the problem (unless they are paid huge sums and even that's dependent on a lot of things)


The most important thing to remember is that being VAT registered, you must add VAT to every bill, so every bill will be 20% higher. If the bill payer is a company, they don't care because they deduct the 20% VAT from their own VAT bill. If the bill payer is a private person, their cost of your services has just gone up by 20% and it is going to hurt your business. So the question is, what kind of customers do you have?  But if your customers are companies, then the flat rate scheme mentioned above is very little work and puts a nice little amount of extra cash in your pocket (suitable if your bills are mostly for your work and not for parts that you buy for the customer and bill them for).


I would like to post a followup after almost a quarter. littleadv's advice was very good, and in retrospect exactly what I should have done to begin with. Qualifying for a secured credit card is no issue for people with blank credit history, or perhaps for anyone without any negative entries in their credit history. Perhaps, cash secured loans are only useful for those who really have so bad a credit history that they do not qualify for any other secured credit, but I am not sure. Right now, I have four cash secured credit cards and planning to maintain a 20% utilization ratio across all of them. Perhaps I should update this answer in 1.5 years!


"Often the counter-party has obligations with respect to timelines as well -- if your buying a house, the seller probably is too, and may have a time-sensitive obligation to close on the deal. I'm that scenario, carrying the second mortgage may be enough to make that deal fall through or result in some other negative impact. Note that ""pre-approval"" means very little, banks can and do pass on deals, even if the buyer has a good payment history. That's especially true when the economy is not so hot -- bankers in 2011 are worried about not losing money... In 2006, they were worried about not making enough!"


"Several things the book specifically recommends are either things no actual counterparty to a deal would agree to, or outright illegal.  For instance, one of his sage-like pieces of advice is to put a clause in your contract saying ""subject to the approval of all business partners"".  Then if you feel like backing out, you claim that your cat is your business partner and he didn't like the deal.  I am not making this up.   The book's central tenet of ""buy income producing assets"" is a good one.  However other than a general recommendation of real estate, it does nothing to specifically help you achieve these goals."


I used to trade power for a closed end hedge fund.   Yes, weather derivatives are very important.  They help power traders / utilities hedge for unaccountable variables, IE weather.  For example, lets say it costs a utility $50 an hour to produce power for the load when it is 80 degrees outside.  Lets say I trade the contract with them to guarantee the weather will be under 80 degrees.  If the weather is higher than 80 degrees, more people turn in their AC, the load on the grid goes up, and the utility has to start generating power at $70 an hour.    Under this contract, I would be liable to pay the utility the net difference in their cost (the additional $20 per hour they generate per mw).  In that case I am a loser.  If the power comes in under 80 degrees, I make money as I priced (sold) the contract at a premium according to the risk I calulated for offereing the contract.  This has many many applications, but yes, its not a weird thing to trade.  Hope this helps.


"I think the problem is that you've made a math error. This child would not be costing you 300 per month, it will be costing you 1400 per month.  1100 of this is in a donation of salable hours rather than cash, but helpfully you have a number right there as to how much someone is willing to pay for these hours so the math is still doable. So, if you are indeed splitting your expenses fifty-fifty, you should chip 1100 into the pot to match your wife's contribution.  It would make the most sense, I think, to have your part of this contribution cover some of your mutual expenses, and if any is left over, save it up for the day that your child would cost more than that 300 in a month - when you need extra clothes, or have to replace something they destroyed, or want to pay for extra opportunities (camps, educational games, lessons), or a a savings that can be used for major future expenses (higher education, first car, milestone celebrations, safety net when starting out). Of course, if your family is indeed a priority, you might consider making an equal investment in your family - say, half your income (1800) to match half her time going into the building of the family.  After all, the decision to start a family should be an investment of time and value, not just a minimum bid for expenses.  And again, any extra can be spent on mutual expenses, saved up for future costs, or left as your child's ""savings"" for major expenses or safety net. I suppose I should mention that you perhaps could get away with covering half her contribution (550 per month, on the face of it), as that should also ""balance"" out the monthly expenses.  Even this much would be enough to put her back into the green on her covering her own costs.  Of course, in this case you might want to take into account that while she's working 38,5 hours per week now, running a household is, I've heard, more closely equivalent to a 60-hour week, plus or minus being ""on call"" for a further 100 hours a week.  Trying to calculate the absolute minimum payment on your part to match the investment of hours on hers is likely to be a bit more tricky than just matching the salable hours not worked, if you're set on income ratios and splitting costs ""as they are"". Also, you might want to rethink your criteria for sharing income completely or what makes certain divisions of costs ""unfair"". You mention one reason it would be unfair is that you have a ""more stressful job"" - well, your job may well be more stressful than her job now, but it is likely to be less so than raising a child (her new job).  As for investment of time and energy for your education entitling you to a larger amount of pay, again, raising a child is likely to be a larger investment of time, money, and anxiety than your education, but her pay (or even share of the costs) doesn't seem to be balanced in response.  I'm not gonna tell you what is fair, that's for you to work out, just suggesting you really think it through before deciding what would be fair or not."


Some of the information on the HUD-1 form would have been useful to complete the income tax paperwork the next spring. It would have had numbers for Taxes, and interest that were addressed at the settlement. It is possible it is mixed in with the next years tax information. If I needed a HUD-1 form from 15 years ago, I wouldn't ask the real estate agent, I would ask the settlement company. They might have a copy of the paperwork. They might have to retrieve it from an archive, so it could take time, and they could charge a fee. The local government probably doesn't have a copy of the HUD-1, but they do have paperwork documenting the sale price when the transaction took place. I know that the jurisdictions in my area have on-line the tax appraisal information going back a number of years. They also list all the purchases because of the change in ownership, and many also list any name changes.  You probably don't want a screen capture of the transactions page, but the tax office might have what you need. This is the same information that the title search company was retrieving for their report. Question. Is there going to be capital gains? For a single person there is no gains unless the increase in price is $250,000. For a couple it is $500,000. I am ignoring any time requirements because you mentioned the purchase was 15 years ago. I am also assuming that it was never a rental property, because that would require a lot more paperwork.


Short time horizon, small pot of money, and low appetite for risk?  That smells like low return situation to me. I guess it depends on how low your appetite for risk is, though.  You could open a brokerage account (free) and purchase $10K worth of a fully diversified ETF like VTI, optionally putting maybe 20% of it in a diversified bond ETF.  I consider that a reasonably conservative investment, but if you are of the mindset that you cannot tolerate a drop in your wealth, it's not going to work.  Plus if you don't have any other investments, this will be the thing that requires you to report capital gains to the IRS, and that paperwork is never fun. As an alternative, you have CD's, which will make you very little.  Or a high-ish interest rate electronic savings account like Capital one 360 or Emigrant Direct (there are probably newer ones now that outcompete even these).  Still, with anything in this paragraph you will be lucky to beat inflation.  The real interest rate was negative last time I checked, so every risk-free investment will lose money in purchasing power terms.  To beat inflation you will need to take on nonnegligible risk.


Don't sell. Ever.  Well almost. A number of studies have shown that buying equal amounts of shares randomly will beat the market long term, and certainly won't do badly.  Starting from this premise then perhaps you can add a tiny bit extra with your skill... maybe, but who knows, you might suck.  Point is when buying you have the wind behind you - a monkey would make money. Selling is a different matter. You have the cost of trading out and back in to something else, only to have changed from one monkey portfolio to the other. If you have skill that covers this cost then yes you should do this - but how confident are you? A few studies have been done on anonymised retail broker accounts and they show the same story.  Retail investors on average lose money on their switches. Even if you believe you have a real edge on the market,  you're strategy still should not just say sell when it drops out of your criteria.  Your criteria are positive indicators. Lack of positive is not a negative indicator.  Sell when you would happily go short the stock.   That is you are really confident it is going down. Otherwise leave it.


You clearly have no understanding of how the corporate tax code works, so I won't waste my time explaining it. Guess what, they do pay taxes...but lobbyists over the years have made it pretty easy for them to pay as little tax as possible. The logic is pretty clear: remove the special interest loopholes and tax corporations at a globally competitive rate (we have the highest corporate rate among developed countries), more companies shift their production back to America and don't store their profits in foreign holding companies with near 0 rates. More money flows back in to country, r&d goes up, more jobs are created, more Americans are employed in meaningful jobs, wages go up, the govt makes up for  whatever lost corporate revenue with the increased personal income tax.


"This is the best tl;dr I could make, [original](http://www.reuters.com/article/us-markets-oil/oil-ends-on-a-low-after-halving-in-2014-as-opec-stands-aside-idUSKBN0K905620141231) reduced by 76%. (I'm a bot) ***** > NEW YORK - Oil prices fell on Wednesday to a 5-1/2-year low and ended with their second-biggest annual decline ever, down by half since June under pressure from a global glut of crude.  > Weekly U.S. data showed crude oil stockpiles fell more than expected, but inventories at the oil hub at Cushing, Oklahoma, grew, keeping prices depressed.  > Oil prices have collapsed this year as the Organization of the Petroleum Exporting Countries opted to maintain the same level of output despite a global glut caused by expanding U.S. shale output and diminished demand growth from China.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/759rn2/the_triggering_factor_for_the_oil_price_drop_in/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~224918 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*: **Oil**^#1 **Price**^#2 **U.S.**^#3 **crude**^#4 **low**^#5"


"This is the biggest blunder I see in money handling.  ""Oh I'm a good person and everyone knows my intentions are good.  And they're really happy with me right now, so it'll stay that way forever, right?  So I can just do anything and they'll trust me.""  And then in hindsight 10 years later, the person realizes ""wow, I was really stubborn and selfish to just assume that.  No wonder it blew up.""  Anyway, to that end, your requirement that all the money be in one account and ""this will simplify taxes"" is horsepuckey.  No one will believe a legitimate financial advisor needs that, but it's exactly what a swindler would do. And that's the problem.  If anything goes wrong, their trust in you will be forgotten, some will say you intended to scam all along, and the structure will be the first thing to convict you.   Money makes everyone mistrusting.  Ironically, the concept is called a ""trust"", and there's a wide body of law and practice for Person X responsibly handling the money of Person Y.  The classic example is Person Y is a corporation (say, a charity) and Person X is on the Board of Directors.  It's the same basic thing.   The doctrine is:"


"I haven't seen anyone mention it, but everyone here seems to be dumbfounded that Chipotle would start serving queso in the first place. Where I'm from, the main competitor to Chipotle is Qdoba. When I ask people why they prefer Qdoba, the answer has never not been ""queso"". I don't think that they are dropping chorizo in favor of queso, but rather they're making two separate competitive business decisions. Eliminate the opponent's advantage (queso) and mitigate a weakness (non-selling product)."


"I disagree, the article is clear that it isn't necessarily the fault of the individual, or their spending habits.  > Certainly we can all do the hard work of cutting back on our expenses, says Tescher. But she says the results of this study show something more structural than individual spending.  > ""People are spending a shockingly large amount of income on housing. They have to pay for transportation to get to a job. These costs are going up while their wages stay the same."""


Chinese growth ALWAYS tops forecasts. And it is bullshit.  Because if you are in charge of a region, and you report less than predicted growth, your future is very sad indeed.  So, you just report the growth that central government wants to hear.


In a lot of professional fields the choices are work full time or leave the industry. Many people don't have an option to work slightly less because of how employment contracts are structured. If working 4 days per week for 80% of my salary was an option, I'd jump at that opportunity.


"Good read, and the sad truth is that our generation those of us under 30 will be paying for the ""greatest generations"" mistakes.  I know I have and will continue to prepare to be self reliant.  Although I am no tea party member it is time to slash spending and bring jobs back to America."


Lets see if ViolentAcrez is a TROLL, what does that make Brian Moynihan, or Sheldon Yellen, or any one of the other 100-200 people who have been sucking this job market dry for the last 10 years and the headline news on CNN is about a TROLL on a message board, maybe some of yo dumb asses should be letting your daughters wear that jail bait outfits period, and maybe the NEWS CREWS should be focusing on the ECONOMY and the GREEDY FUCKS WHO HAVE BEEN BLEEDING IT DRY FOR YEARS??? Don't worry, we are addin' all the NEWS CREW CEOS especially and including gawkers. FTW.  http://contact-the-ceo.com/searchbyname.html http://contact-the-ceo.com/searchbyname.html http://contact-the-ceo.com/searchbyname.html


"This is a legal issue, or possibly an ethical issue, and not really a finance issue. And I am not a lawyer. But for what it's worth: Did you sign a written contract with H&R Block? If so, then the terms of that contract would govern. If you signed a contract saying that you agree to file your taxes through them if they meet such-and-such conditions, and they met these conditions, then you are legally obligated. If there was no written contract, then I think any court would take the conversation between you and H&R Block as an oral contract. If H&R Block said, basically, ""Okay, we'll calculate what we think your taxes are, and if we come up with something better than what you had before, then you agree to file your taxes through us"", and you said ""Oh, okay"", then that's an oral contract. You agreed to their conditions. Legally, oral contracts are just as binding as written contracts. The only difference is that it is difficult to prove exactly what was said. If you really did agree to these conditions, I suppose you could lie and say you didn't and then try to convince a court that they are the ones lying. Obvious ethical problems there. There are also implied contracts. If HRB's advertising or paperwork says that you're agreeing to file through them if they meet the conditions, I thing that a court would likely rule that you implicitly agreed to their terms by doing the review. In any case, when you go to some place like HRB mostly what you are paying for is their knowledge and expertise. So if they give you the benefit of their expertise -- they tell you how to reduce your taxes -- and then you don't pay them, that seems rather unethical to me. The situation is muddied by the fact that you paid $100 for the review. Is that paying for the basic information, the ""tax tip"", and paying for them to file is then a contract for additional work? Under some circumstances I'd say yes, that's additional work and thus an additional contract, so in the absence of a contract obligating me, I don't have to do that. The catch in this case is that at that point they must have already pretty much taken all your information and filled out all the forms. All that's left is to press the ""send"" button and submit the return, right?"


"It appears that you already know this, but FICO credit scores (as controlled by Fair Isaac Corporation) are the real official credit scores, and FICO takes a cut on their production no matter which of the 3 major credit bureaus calculates the official score (all using slightly different methods). Be careful when obtaining a score for making a big decision that it is a FICO score, because relatively few lenders will lend based on a non-FICO score. That said, some non-FICO scores are easy to obtain and can be roughly translated to an approximation of your score. Barclays US/ Juniper Bank credit cards offer a free Transunion ""TransRisk""(TM) score. The TransRisk score is a 900 point scale, while the FICO score is an 850 point scale. This is a simple ratio and you can calculate your approximate FICO score by the formula:"


Yeah, the past 4-5 years have been rough on fundamental guys (not to say companies like AAPL didn't fare well), but EVERYTHING has been macro. When correlations go to 1 across the board and central bank legislation has have a bigger impact on earnings than new products/good mgmt/etc. it's hard to be a fundamentalist. Like your style, this market environment is ripe for HF's though that can use leverage/hedges/and short-term positioning to create alpha while the mutual funds are stuck in long-term structured investment objective ruts and reduced risk.   Not to say you can't create alpha through selecting better/undervalued stocks, it's just been damn near impossible the last 5 years to do it.


Have you looked at conventional financing rather than VA?  VA loans are not a great deal.  Conventional tends to be the best, and FHA being better than VA.  While your rate looks very competitive, it looks like there will be a .5% fee for a refinance on top of other closing costs.   If I have the numbers correct, you are looking to finance about 120K, and the house is worth about 140K.  Given your salary and equity, you should have no problem getting a conventional loan assuming good enough credit.   While the 30 year is tempting, the thing I hate about it is that you will be 78 when the home is paid off.  Are you intending on working that long?  Also you are restarting the clock on your mortgage.  Presumably you have paid on it for a number of years, and now you will start that long journey over. If you were to take the 15 year how much would go to retirement?  You claim that the $320 in savings will go toward retirement if you take the 30 year, but could you save any if you took the 15 year? All in all I would rate your plan a B-.  It is a plan that will allow you to retire with dignity, and is not based on crazy assumptions.  Your success comes in the execution.  Will you actually put the $320 into retirement, or will the needs of the kids come before that?  A strict budget is really a key component with a stay at home spouse. The A+ plan would be to get the 15 year, and put about $650 toward retirement each month.  Its tough to do, but what sacrifices can you make to get there?  Can you move your plan a bit closer to the ideal plan? One thing you have not addressed is how you will handle college for the kids.  While in the process of long term planning, you might want to get on the same page with your wife on what you will offer the kids for help with college.  A viable plan is to pay their room and board, have them work, and for them to pay their own tuition to community college.  They are responsible for their own spending money and transportation.   Thank you for your service.