If you hold this money in USD and spend it in the US as USD, then there is no tax liability or reporting requirement at all.  You are not subject to any tax on foreign exchange gains and losses because you have not performed any foreign exchange.  CRA says a foreign exchange gain or loss happens when the fx transaction occurs—not as the currency’s value fluctuates while on deposit - and since you are never performing an fx transaction, no such issues will arise.  The CRA is not interested in how you spend your money, only the money that you earn.   The only possible tax liability that would arise in the circumstances that you describe would be the tax liability arising from interest earned while the cash in on deposit.  If this interest exceeds the threshold of reportability, then your bank will issue you with a T-slip to be included in your tax return.


I was just clarifying cause t3tsubo thought that BamBamCam was taking a jab at Warren Buffett when he was just mentioning Buffett Sr's wish to pass the company to Howard in a non executive role.  I've got no problem with small businesses doing it, hell the children probably have more passion for the business anyways. But yes, I would say this practice becomes a little more dicey with huge/public companies


You have to be careful.  For example if you disliked a company you could go get a job there and then deliberately commit a relevant crime.  Get three people to do this and they are out of business.  Walmart is an obvious target, but I'm sure you could find people who dislike almost every business even Costco or Starbucks.  (And the airlines would stand no chance.)


"You promised to pay the loan if he didn't.  That was a commitment, and I recommend ""owning"" your choice and following it through to its conclusion, even if you never do that again.  TLDR: You made a mistake: own it, keep your word, and embrace the lesson.  Why?  Because you keep your promises.  (Nevermind that this is a rare time where your answer will be directly recorded, in your credit report.) This isn't moralism. I see this as a ""defining moment"" in a long game: 10 years down the road I'd like you to be wise, confident and unafraid in financial matters, with a healthy (if distant) relationship with our somewhat corrupt financial system.  I know austerity stinks, but having a strong financial life will bring you a lot more money in the long run. Many are leaping to the conclusions that this is an ""EX-friend"" who did this deliberately.  Don't assume this. For instance, it's quite possible your friend sold the (car?) at a dealer, who failed to pay off this note, or did and the lender botched the paperwork.  And when the collector called, he told them that, thinking the collector would fix it, which they don't do. The point is, you don't know: your friend may be an innocent party here.  Creditors generally don't report late payments to the credit bureaus until they're 30 days late.  But as a co-signer, you're in a bad spot: you're liable for the payments, but they don't send you a bill.  So when you hear about it, it's already nearly 30 days late.  You don't get any extra grace period as a co-signer. So you need to make a payment right away to keep that from going 30 late, or if it's already 30 late, to keep it from going any later.   If it is later determined that it was not necessary for you to make those payments, the lender should give them back to you.  A less reputable lender may resist, and you may have to threaten small claims court, which is a great expense to them. Cheaper to pay you.  They say France is the nation of love. They say America is the nation of commerce.  So it's not surprising that here, people are quick to burn a lasting friendship over a temporary financial issue.  Just saying, that isn't necessarily the right answer.  I don't know about you, but my friends all have warts.  Nobody's perfect.  Financial issues are just another kind of wart.  And financial life in America is hard, because we let commerce run amok.  And because our obsession with it makes it a ""loaded"" issue and thus hard to talk about.  Perhaps your friend is in trouble but the actual villain is a predatory lender.  Point is, the friendship may be more important than this temporary adversity.  The right answer may be to come together and figure out how to make it work.  Yes, it's also possible he's a human leech who hops from person to person, charming them into cosigning for him. But to assume that right out of the gate is a bit silly.  The first question I'd ask is ""where's the car?"" (If it's a car). Many lenders, especially those who loan to poor credit risks, put trackers in the car.  They can tell you where it is, or at least, where it was last seen when the tracker stopped working.  If that is a car dealer's lot, for instance, that would be very informative.   Simply reaching out to the lender may get things moving, if there's just a paperwork issue behind this.  Many people deal with life troubles by fleeing: they dread picking up the phone, they fearfully throw summons in the trash.  This is a terrifying and miserable way to deal with such a situation.  They learn nothing, and it's pure suffering.   I prefer and recommend the opposite: turn into it, deal with it head-on, get ahead of it.   Ask questions, google things, read, become an expert on the thing. Be the one calling the lender, not the other way round.  This way it becomes a technical learning experience that's interesting and fun for you, and the lender is dreading your calls instead of the other way 'round.  I've been sued.  It sucked.  But I took it on boldly, and and actually led the fight and strategy (albeit with counsel).  And turned it around so he wound up paying my legal bills.  HA!  With that precious experience, I know exactly what to do... I don't fear being sued, or if absolutely necessary, suing.   You might as well get the best financial education.  You're paying the tuition!"


I'd say neither. Index Funds mimic whatever index. Some stocks that are in the index are good investment opportunities, others not so much. I'm guessing the Bond Index Funds do the same. As for Gold... did you notice how much gold has risen lately? Do you think it will keep on rising like that? For which period? (Hint: if your timespan is less than 10 years, you really shouldn't invest). Investing is about buying low, and selling high. Gold is high, don't touch it. If you want to invest in funds, look at 4 or 5 star Morningstar rated funds. My advisors suggest Threadneedle (Lux) US Equities DU - LU0096364046 with a 4 star rating as the best American fund at this time. However, they are not favoring American stocks at this moment... so maybe you should stay away from the US for now. Have you looked at the BRIC (Brazil, Russia, India, China) countries?


">ADDED: I'm pursuing a degree in Engineering. I guess that's why I'm stressing. I want to be out there in the feild doing tests, labs, sampling or research and development ... just anything but doing nothing. Or at least somthing that actually generates income for the bank. My department generates nothing because it's all compliance. I learned that my first day of work and that's when I knew this wasn't for me. :/    So do it. Put on some jeans and boots, buy your own equipment, find a ""field"" you find interesting, and go study/collect/sample it. You know what you want to do, you're just not doing it. WTF is up with that?"


He's seriously blaming a memo for Nokia's problems? As if Symbian would still be selling if Elop hadn't admitted it was pathetically out of date.  Want to guess what else was going on while Nokia's market share collapsed? Android. This was the period Android went mass-market with a slew of 2.1 and 2.2 handset releases. That market share came almost exclusively at the expense of Nokia and RIM.


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"(Really a comment on JoeTaxpayer's answer but it's too long) There's one big factor that for some people tips things strongly in favor of the Roth: While the limits on paper for traditional and Roth are the same, in practice they are not--you can contribute more to a Roth than you can to a traditional. While the contribution limits are the ""same"" in both cases, the Roth holds after-tax dollars and an after-tax dollar is worth more than a pre-tax dollar.  If you're not maxing your contribution this is completely irrelevant, but if you are maxing your contributions and would like to contribute more this is a big push in the Roth direction. Illustration:  You're in the 25% bracket, you have $100k in a traditional IRA.  What's it really worth?  $75k--because the IRS will take $25k as you pull it out.  You have the same $100k in a Roth, it's really worth $100k as the IRA won't take anything."


From my research it looks like its an income NOT effectively connected with the trade of business. This page has the exact details https://www.irs.gov/individuals/international-taxpayers/effectively-connected-income-eci


Here is the solution: any money made inside the United States will be taxed under US tax law.  You want to do business here, open up a US headquarters that handles all the sales tracking and reporting. No tax dollars, no operations inside the US.   The united states carries such bulk buying power that companies will be forced to abide by its rules.


">resulting from poor or no sex education?  ""Put condom on dick"" - missing out on that is not due to poor education.  *That's at the level of ""Wipe after pooping"".*  You'd have to be retarded (I mean literally - IQ of 40) not to learn that.  She had kids because she thought the support from Sam would make her better off - but it doesn't."


Not a good idea, the bank is a lean holder unless you deduct the remainder of the loan from the purchase price you will end up paying much more. Tell the seller to pay off the loan and provide you a clean title. Btw unless you're getting the deal of the century I'd walk away until I saw a clean title


This is a good question and you seemed troubled by this and this person's choices in life.  And that is the rub, they are choices.  They know how to make them, they know the consequences, and they know how to work around them.  Its a skill you probably don't have (and don't want to have).   In the end they will survive.  If you go to a fast food store in a popular retirement location you will see plenty of elderly people working.  They might live in low income housing, receive some financial assistance, and utilize other charities such a food banks.  They might depend on family and friends.  There is also the ugly, it is not a fairy tale that some supplement their diets with pet food.   There is of course social security.  The amount is very low for most workers, but the amount is almost inconsequential.  They would spend it all anyway and still be short despite the predictability of the income and a time frame with  predictable expenses.  Budgeting is a skill. So I have a friend that deals with this himself, and is helping an elder relation.  He and his wife provide some help, but when it started there was a endless stream of requests.  His policy now is:  No more help unless he works out a budget with the person requesting help. I've used his ideas myself, and by using this it becomes clear on who is in actual need and who is just looking for the next handout.  You can feel good about yourself for helping an actual needy person or guiltless say no.


I saved all the money I made working part time in high school and paid for my first year of college, it was a big relief and really helped me. $15,000 is not that much now that I'm done with school.


IMO, only a boss who doesn't understand the difference between sales and marketing would ask a marketer to be a sales person.  Most people who are good at one are not necessarily good at the other, but managers conflate them. Then when things don't go as hoped, they get a new sales person.


It probably would have already been priced in the moment the markets opened today. So, my guess is, unless you already owned it at $68.78 on Friday, chances are it would have been near impossible to get it at that price since this morning. It already increased more than 18% from the opening bell today.   Hope my answer helped clarify some things.


Good thoughts. Automation is killing some jobs traditionally done by humans. And humans will compete with machines unless they can't be more affordable than machines (e.g., some McDonalds's have screens vs people for ordering). That's a prob with increasing wages vs cheapening tech. The reality, as you said is that some of these jobs WILL be won out by automation, regardless. But someone has to service/develop/etc all that automation, so I think jobs will be created in that industry for sure.


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he ran around the woods with a hundred merry men robbing from the rich and giving to the poor, Its pretty sad to see people turning this into an Ayn rand novel. The king was only one of his targets.


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"Short answer: google finance's market cap calculation is nonstandard (a.k.a. wrong). The standard way of computing the market capitalization of a firm is to take the price of its common stock and multiply by the number of outstanding common stock shares.  If you do this using the numbers from google's site you get around $13.4B.  This can be verified by going to other sites like yahoo finance and bloomberg, which have the correct market capitalization already computed. The Whole Foods acquisition appears to be very cut-and-dry.  Investors will be compensated with $42 cash per share. Why are google finance's numbers wrong for market cap?  Sometimes people will add other things to ""market capitalization,"" like the value of the firm's debt and other debt-like securities.  My guess is that google has done something like this.  Whole Foods has just over $3B in total liabilities, which is around the size of the discrepancy you have found."


Presumably you're talking about the different share class introduced in the recent stock split, which mean that there are now three Google share classes: Due to the voting rights, Class A shares should be worth more than class C, but how much only time will tell. Actually, one could very well argue that a non-voting share of a company that pays no dividends has no value at all. It's unlikely the markets will see it that way, though.


The fee representing the expense ratio is charged as long as you hold the investment. It is deducted daily from the fund assets, and thus reduces the price per share (NAV per share) that is calculated each day after the markets close.  The investment fee is charged only when you make an investment in the fund. So, invest in the fund in one swell foop (all $5500 or $6500 for older people, all invested in a single transaction) rather than make monthly investments into the fund (hold the money in a money-market within your Roth IRA if need be).  But, do check if there are back-end loads or 12b1 fees associated with the fund. The former often disappear after a few years; the latter are another permanent drain on performance. Also, please check whether reinvestment of dividends and capital gains incur the $75 transaction fee.


Usually points have different value depending on what you use it for and how much of them you convert. For many providers, if you have enough (10000+ usually) points, it is possible to convert them 1:1 (which means 1 point converted to 1 cent) to either cash or something that is almost as good as cash ($100 gift card for some popular store or $100 Amazon.com certificate, etc.). Some cards have more exotic ways of getting best value - such as transferring money to pay student loans, retirement accounts, etc. So to get the best value, I'd recommend to make a list of what you can get from your program (most types of reward are uniform - i.e., many gift cards with the same price, so the work may be less than it seems) and calculate point values of each of those. If you want to be really precise take into account that if you buy something with points, you do not earn points on that, which reduces the value a little. In general, these days it is very rare to get a card that produces more than 1% back, though some have up to 5% for certain categories of purchases.


"Let me paint you a picture to show you why this does not make sense.    It is never fair to ask a business to pay a ""living wage"". It is always fair to ask a worker to chose their jobs based on their needs.  Here's why.  I ran a business when I was a teenager, doing web development. I did not make very good money but it pushed me to learn and to teach myself to meet the needs of the few clients that I did manage to find.  Over the course of the business the thought had crossed my mind to maybe get help from my peers, maybe talk to classmates and see if any of them might have wanted to go into business with me, help me drum up more work, or help me do design or development.    As soon as the thought crossed my mind I realized right away that I would never be able to do it, because the regulation was just way too big for little old sole-proprietorship me to deal with.  Not only was it confusing, but it was dangerous to me, if I did it wrong I knew I  could be sued and lose more than my tiny little business made.    On top of the regs involved, I personally was not making minimum wage!  What I was making though, was experience.  This was more valuable than all the money I made combined, because I worked this way by myself for three years, learning more about my craft all the while.  I have parlayed that experience into a ten year long career that currently supports my family, working for someone else.  Now imagine if I could pay anyone whatever we both agreed on.  Imagine if I could talk to a classmate in highschool and say ""hey, im not making much, but I can pay you x to start with and I will certainly teach you what I know"".  it always struck me as selfish, unearned moral superiority to sit here and mandate a minimum wage, you price teenagers and entry-level workers out of the market because people can't afford an army of $20 per hour workers.  Its so ignorant of the narrow margins that these business have to face.  It is also really short-sighted and money-obsessed to boil a job down to it's wages alone.  Minimum wage destroys an ancient method of generating skilled workers: the apprentice system.  Also, there is a really ugly moral side to this.  Person A offers person B X amount to do Y... Why does the government have the right to say ""No! you can't pay them X because it is not X enough!"".  Our economy and work is far more complex than minimum wage. it is an old idea that is nothing but a drain on our economy.  TL;DR - I would have added three or more skilled workers to our economy in high school if I did not have to pay them minimum wage.  I personally was priced out of hiring people because of it, so I hate it.    Millennials need not wonder why no one can find a job."


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Do you work with low-skilled employees? Specifically, do you ever have to manage them? I am going to make the assumption that you do not based on the comments you are making. It is impossible to say ALL of anything is a certain way. I'm not suggesting that at all. I'm going to specifically talk about averages. It seems like you've never been around the average.  The average minimum wage employee doesn't have a high school education. It is fairly safe to say that they continuously are not developing skills that provide value both to themselves and others. If a person refuses to provide more for society, should society fill the gap?  You suggest that people who are poor didn't get there because of their own right. Are people who are self-made millionaires (on average) good with finances? Why would that be? If yes, why do you assume those that are successful are so because of their own merit but cannot be blamed for failure?  Seattle is a nice place. My exterior painter is doing a job there right now. It's a 3 month job. He is painting 1,000 apartments. He took 7 guys with him that he pays around $1,750 a week plus room and board. He had to take 7 guys with him because he can't find workers up in Washington. Can you imagine that? People in Seattle have not developed the skill of exterior painting. That's the reality of your job market. Even further, companies do have massive incentives to move to cheaper locations. The starting salary of large corporations varies wildly based on cost of living. Goldman Sachs will offer nearly $100k a year starting to work in the NYC branch compared to $65-70k in Houston.


Its hard to see how they can justify their valuation, but i said that 5 years ago too... Same thing with amazon, but boy was I wrong about both.   I dont understand them so I stay away. I believe lots of tech valuations are crazy. But i'm not willing to bet against them either.


I've been in the UK for 3.5 years, and I have the same problem: I can't get even a small loan from my bank; no one will give me a phone contract; it's a nightmare. I have 8 direct debits, I pay everything on time and I earn decent money, but still my credit is seen as no good. I have got a few ideas for you though: Good luck!


Tell your parents NOW let them help you figure it out and if it happened over two days and you really don't know why it should be something that can be fixed but you need to set that process in motion right away


Agreed.  Also, I think something missing here is the perception that companies are profiting enough to warrant these salary increases.  The current competitive landscape in America is tough.  Aside from a premier selection of companies, most are getting by and do not have the means to raise wages in the ways suggested.  These companies could raise their prices, and that's been happening and will probably continue, but it's mostly going to affect the same people that it's serving to increase wages for.  The real issue as I see it is that there isn't enough capital in circulation.  Americans aren't spending and massive capital reserves sit with the 1% that are gun shy on investing, understandably so.


The risk in a divident paying stock can come from 2 sources. The business of the company, or the valuation of the stock at the time you buy.  The business of the company relates to how they are running things, the risks they are taking with the company, innovations in their pipeline, and their competitive landscape. You can find all sorts of examples of companies that paid nice dividends but didn't end so well... Eastman Kodak, Enron, Lehman brothers, all used to pay very nice dividends at some point...  On the other hand you have the valuation. The company is running great, but the market has unrealistic expectations about it. Think Amazon and Yahoo back in 2001... the price was way too high for the company's worth. As the price of a stock goes up, the return that you get from its future cash flows (dividends) goes down (and viceversa).  If you want to go deep into the subject, check out this course from Chicago U they spend a lot of time talking about dividends, future returns from stocks and the risk rewards of finding stocks by methods such as these.


I was wondering what relations are between brokerage companies and exchanges? Are brokers representing investors to trade on exchanges? Yes...but a broker may also buy and sell stocks for his own account. This is called broker-delaer firm. For individual investors, what are some cons and pros of trading on the exchanges directly versus indirectly via brokers? Doesn't the former save the investors any costs/expenses paid to the brokers? Yes, but to trade directly on an exchange, you need to register with them. That costs money and only a limited number of people can register I believe. Note that some (or all?) exchanges have their websites where I think trading can be done electronically, such as NASDAQ and BATS? Can almost all stocks be found and traded on almost every exchange? In other words, is it possible that a popular stock can only be found and traded on one exchange, but not found on the other exchange? If needed to be more specific, I am particularly interested in the U.S. case,and for example, Apple's stock. Yes, it is very much possible with smaller companies. Big companies are usually on multiple exchanges. What are your advices for choosing exchange and choosing brokerage companies? What exchanges and brokerage companies do you recommend? For brokerage companies, a beginner can go with discount broker. For sophisticated investors can opt for full service brokers. Usually your bank will have a brokerage firm. For exchanges, it depends...if you are in US, you should send to the US exchanges. IF you wish to send to other exchanges in other countries, you should check with the broker about that.


Read Warren Buffett's letters to his shareholders - they are such an interesting read and I guarantee you'll learn more than financial modelling - you will learn how to think about these businesses. Must be what 700-800 pages in total?


I'd prefer having it (more or less) fluent at any time, if possible... And the Swiss National Bank (SNB) will do their darndest to make this a costly option. That's exactly the point of negative interest rates. They don't want to help you saving money. So you will have to choose what to give up: liquidity, or profitability.  But for now, you still have alternatives. The way you described it one could think that all banks will soon start to charge all their clients. That's just a distortion of facts.  If you are happy with a (close to) 0 income, you might consider opening multiple bank accounts. Many banks charge the negative interest only from certain thresholds (i.e. CHF 100k). Since you're clearly a Swiss resident, that's easy to do for you.  If you don't want to give up making an income, then you have to sacrifice liquidity. There simply aren't any short term (less than 2-3 years) instruments in Swiss Franc that are both safe and yielding a positive income. Which means that you will have to take much more risk then you had with a savings account. Ask your advisor for an investment proposal, but also consider bank independent advisors.


In Switzerland you should have access to many brokers with fair rates, e.g. Interactive Brokers. Going through them you then put the money in various Swiss stocks like Roche, Novartis, Swisscom, Credit Suisse, Logitech, etc. No stock should be more than 10% of the total. Since you pay 0% taxes on investment profits, you really should invest.  By going through a broker instead of your bank, you can cash out at any time without losing outrageous fees for the stock commissions (often 2% for banks, around 0% for brokers).  If you're employed you can also ask your employer to increase the amount of your salary that goes to the pension (2. Säule), which is not limited like the 7000 you mentioned (3.Säule).


argument against (in a way)  1.)bad effectiveness of US corps which tend to be international. they want you to be available 24 hours a day.  2.)bad health care - UN and international orgs rate USA as lowest in industrialized nations.  Telling the bosss you are sick is often  a DEATH BLOW.  Some DIABETICS AND OBESE (see the obesity epidemic in USA) are just slow but steady performers.  So, they spend a fair amount of UNPAID overtime.  3.) 4.)much of the job training is bad and sometimes COUNTERPRODUCTIVE. so, see need to LEARN ON THE JOB. 5.)by international standards, health care is the worst of the industrialized nations.  Letting your boss know about your REAL ILLNESS is often a DEATH BLOW.  Moving from job to job is a real HASSLE as to health or medical coverage.  So, the boss requires overtime and THE RUSSIANS SAY THE TRUTH:      They pretend to pay us and we pretend to work.   8.)in many cases, it is better to work and produce what I call anti-work.  Obfuscated code and ties into multiple classes. comments that tend to be re-phrasing of the previous, or that is to be specific, in the the possiblilities that are the latter or correction ...the former.... n to n mappings of such code that includes arrive at (go to code) or go to there and go back (circular)...??  10.)it is not the overtime or the business necessity.  The bosses' boss is often playing on the golf course at the club.  Yes, my friends know THE BARTENDER and he is a first person witness.       It is the control from the culture of the USA - founded in part on slavery as economics??  President Jefferson not enough to work the slaves to death, but to  SCREW or female relations with the female slaves.  14.)more are run by MBA and accountants.  IT DOES NOT MATTER - that was the title by Harvard Profess Nick Carr.  Info Tech and good programming skillsets are WORTHLESS.  So, just cut pay and increase the hours or 'request FREE overtime.'  15.)two way street.  NO PROBLEM DOING OVERTIME DURING CRITICAL PERIODS, but certain times (my girlfriend gets vacation and I MUST TAKE VACATION AT THE SAME TIME) - boss does not really care. It's a two way street.  16.)the YOUNG and sometimes foolish and often UNWISE IN BECOMING SLAVES.  17.)THE culture of most of the organization is ASS BACKWARDS. the young coder, who does FREE OVERTIME, codes fast and sloppy, and produces large LOC is the HOTSHOT.  the old, experienced coder (like me)  who gives only the best time, codes SLOW AND THINKS A LOT and produces REAL QUALITY is the outsider and 'NOT TEAM PLAYER.'  team player is cheerleader and faith rallies -prevalent in the USA. works on weekends and LOVES THE COMPANY.  Always says good things about the boss, even if the boss is plainly WRONG.   there is a BAD BAD TREND in the USA towards contracting.  relatively low bids using BAD BAD estimating techniques.  So, the ONLY WAY TO MEET THE BUDGET IS TO SCHEDULE FREE OVERTIME.     very similar to office cleaners using Hispanic ladies.  Union rules - show the real productivity. Any complaints about FREE OVERTIME means reprisal and possible firing.  look at the law cases won and the legal journals.  Labor is at a disadvantage and that includes even strong UNIONS including software engineers in WISCONSIN.  Governor Walker.  PS. child labor is LEGAL in PRC or communist china.  called an internship. dead end job in factory or even in GAME TESTING at the internet center.  a kid, two computers and two mice clicking at various spots to make the system crash is called - FREE LABOR IN TESTING.  see recent HBR harvard business review articles on effectiveness and NO CORRELATION with time schedules or OVERTIME schedules.  PS. much of the silicon valley 'stock options' or the PREFERRED STOCK FOR FACEBOOK sometimes results in valuation of ZERO cash.  But, you the programmer feels like an owner and even rich.  Facebook is an illustration, but could apply to other orgs.


"I would strongly try to influence circumstances so that buying is feasible. That means: Buy something where it is likely that you can resell it at the same price or even higher - or, at the least for significantly more than ""total cost of ownership - rent payed elsewhere"". For example, if it is in an area where you have good reasons to assume that prices will go up in the future. Or if the object needs refurbishing and you are sure that you can do it yourself. You will, no doubt, sell it later. You will near certainly not live in such a small house for all time. So the question of ""whether"" you will sell it is moot. So, when you have a potential house to buy, you will have to calculate everything very carefully, with an estimate of how long you will stay. You need to make your calculation as optimistic/pessimistic as you like (this is more a question of your character). Whatever calculation comes out better, wins. It goes without saying that if you miscalculate (for example, overestimating your ability or time to refurbish; forgetting to calculate non-obvious costs of refurbishing; being surprised by hidden damage to the object; misjudging the price development in the area) you run a considerable risk. So, the question of whether you are able to calculate the risks correctly will need to influence the calculation itself (add 20% or whatever risk buffer if you are not sure, etc.). But the potential is for you to have a very good start in the whole financial game of your life. Your house will likely be for a considerable time the biggest single part of costs in your life, and getting that under control from the get-go is a huge benefit."


Banks may still honor the check, depending on state law. Your obligation to pay has not been fulfilled. To get your money back, you need to wait a specified period of time and file a document reporting the check lost. There is probably a fee for this service.


As sdg said, the consensus is that the CPP is pretty solid.  An actuarial report is submitted to Parliament every three years, and it's worth getting the numbers from that report so you know where your CPP contributions are invested.  You may think there's more risk in CPP's portfolio than they let on.  Either way, your own savings and investments are the best defense against inadequacy of the CPP.  But you should be careful, as the CPP mostly invests in the same stuff the retail investor does - equity and fixed income.  So the typical investor will be exposed to the risks as the CPP fund. However, CPP is not the only source of retirement income for Canadians.  There is also the Guaranteed Income Supplement and Old Age Security, and they are funded differently from CPP.  CPP benefits are funded by returns from the investment fund, as well as contributions.  GIS and OAS are paid out of the Government of Canada's revenue each year.  In my opinion, those programs are more vulnerable than CPP as they could just be legislated out of existence in tough economic times.  (However, I also see that as unlikely because the elderly are a pretty powerful block of voters.)


Well, it depends on the age of the insured.   Obamacare fucked over young male over age of 26 to lower cost for old folks over 50.  The biggest winner of Obamacare are people over 50 as their premiums are capped at three times the cost of younger folks.


Keep in mind that the only portion of the MBS that was rated AAA was the most senior tranche. It achieved this rating due to the buffer to principal losses provided by the equity and mezzanine tranches. So for the principal to be at risk for the AAA senior tranche, 10% of the mortgages in the pool would have to default. Since this number was way higher than historical default rates - it seemed safe. Obviously looking back we know that risk management underestimated the effect that lowered lending standards would have on the default rates (if they did project a rise in default rates, they did not project a large enough rise).  As well, while the MBS is exposed to systemic risk - as happened, when the entire country was affected by the collapse - they were packaged to avoid other risks. For example, the pool would spread out mortgages across the country and other various factors would be hedged so that if a natural disaster hits state X and everyone defaults on their mortgage, you are only losing a small part of the underlying.  I assume (hope) that at some point the quantitative analysis people in risk management at the major investment banks realized that the default rates would rise given the lower lending standards being employed - but chose to ignore it. They chose to ignore it because investors still wanted to buy it, and the banks make money by collecting fees on issuing securities.


Are you planning to have a dream home of your own? Don’t compromise with the style and latest trends in home interiors and planning. Architects and interior designers in Noida can suggest you numerous ideas for construction as well as interior decoration of your house.


A quick look at your comment history reveals 95% of it is you spamming conspiracy with a metric ton of bullshit.   I'll take useful insightful news about the economy, not clickbaity pieces from random rags you found linked off infowars.


It's often difficult to say what precipitated a sell off like this, but in the absence of any relevant news -- war on the Korean peninsula, China deciding to dump all U.S. debt, Trump showing that in some way, shape, or form he's up for the job -- you might consider it's the end of the quarter, and also the beginning of a somewhat long holiday weekend.


Currently reading Peter Thiel's *Zero to One*, and he discusses just that. He knew the bubble was about to burst so he got as much investment as quickly as he could for Pay Pal. $100 million dollars raised the month before the bubble burst, according to him.


I'm not missing the point. Canada will still charge you/a corporation income taxes on worldwide income so long as you are resident in Canada. If you are incorporated in Canada but resident elsewhere, you are only subject to tax on Canadian-sourced income. In the US, where you are incorporated is the method of determining liability. Why is one method of determining jurisdiction correct and not the other?  If you are a corporation residing in Canada, you still pay Canadian taxes on worldwide income, even if that income is sourced in another country.


"Unfortunately, in the coming weeks middle-class workers will be subjected to a nonstop propaganda barrage about tax cuts being for ""greedy corporations,"" ""fat cats,"" ""Wall Street"" and ""the rich."" Don't believe it. It's rank class warfare, based entirely on progressive fairy tales about the U.S. economy.  By supporting corporate and small-business tax cuts that will boost investment, create more and better jobs, and raise average workers' incomes, Americans won't just be cutting taxes for businesses. They'll be cutting their own taxes, too."


"Well said. And I get it, really I do. Rational means something very specific in the theoretical model of EMH, and it's not the same way that ""rational"" is usually used.  When a person actually gets to the point where he can trade on the stock market, you expect they would have information like ""know which stock you're trading"". Maybe these people didn't.  And even if we assume people have perfect information, they still make mistakes. Regularly. Repeatedly. Sometimes predictably. And those mistakes can overwhelm the right-price-finding effect of EMH."


People forget companies constantly cheat regulations anyway... look at last years car emissions BS, dumping in rivers, improper storage of chemicals, cars with bad ignitions that can turn it off or cause it to accelerate rapidly and ends up killing everyone in the car, etc.   And that’s *with* regulations against those sorts of things. Regulations are really a base line of expectation of behavior. Sure, “the free market” will let people choose other cars that don’t kill them because the right ignition would have cost a car manufacturer another $2 in profit per car, but that don’t mean shit when it was your family that slammed into a stantion at 80mph.


Tesla has 30,000 employees.  The bottom 1.3% of any company are going to be pretty crappy employees.  I know I work with people I think should be fired for laziness, nastyness or incompetence.  It's not the company's job to pay people if they can't do the job.  Good companies get rid of bad employees or they don't remain good companies.  A key problem with most unions is they protect the bad employees and discourage outstanding performance.


"Hmm, that doesn't quite answer my question -- sorry if I was unclear. Let me try rephrasing:  Here's what I'm asking: is the Black-Scholes equation derived using martingale pricing methods (e.g. Girsanov's theorem, the Martingale Representation Theorem, and so on) *equivalent* to the equation derived using the method in the 1973 paper, e.g. constructing a risk-less portfolio and eliminating the drift term? I was led to believe that both of these approaches *lead to the same result*.  I agree that there's an enormous difference between ""equilibrium"" and ""arbitrage free"" *term structure models*; I'm just not convinced that this is a meaningful difference in the case where market completeness holds, e.g. European equity options.   As you correctly said, it's generally impossible to parameterise a Vasicek model to get it to match the observed term structure, while this is something that can be readily done with a Hull-White / Ho-Lee / Libor Market Model. Hence, the prices you get from a Vasicek will obviously be different from what you get using a Hull-White (since you won't be able to match the initial term structure). But such a difference doesn't hold with a Black-Scholes equation derived using martingale vs. the original method.  Sorry if this sounds nitpicky; I just want to make sure I'm understanding these concepts correctly.  EDIT: Added italics."


A short sale will be pretty bad for your credit report. It will linger for 7 years.  This may ruin your opportunity to buy in the new area. On the other hand you need to run the numbers, the last I looked into this, the bank will look at rent and discount it by 25%. So the shortfall of $800/mo (after adjustment) will reduce your borrowing power if you rent it out.  In general this is the idea. You rent for a year, and buy into the new area. If you short sell after this, while your credit is trashed, you still have your new home, and $50K less debt.  (Disclaimer - There are those who question the ethics of this, a willing short sale. I am offering a purely business answer and making no judgment either way. I owed $90K on a condo where others were selling for $20K. I paid until it came up enough that a lump sum got me out upon sale. The bank got its money in full)  An article on the differences between foreclosure and short sale.


"Are these people making min wage dying en mass? No? Then they are supported. I don't want to sound crude, but there really isn't a profession on earth where you don't have to rough it out for a few years. Life's tough. The ""abundance"" of min wage jobs you speak of are either not as abundant as you think relative to the demand or the minimum wage is already too high relative to the demand. Either way my scenario in my previous comment holds true- do things the right way and you will be all set to make more money.   Staff and wage bloating are all a result of garunteed loans given to optimistic, short-sighted youths. Without the steady flow of these kids who can suddenly afford college there would be no bloating.   I agree on the rest, and the answer is accountability. we should start with holding people accountable to the high-interest loan they took out 4 years before they hand any income."


"I understand you make money by buying low and selling high. You can also make money by buying high and selling higher, short selling high and buying back low, short selling low and buying back even lower. An important technique followed by many technical traders and investors is to alway trade with the trend - so if the shares are trending up you go long (buy to open and sell to close); if the shares are trending down you go short (sell to open and buy to close). ""But even if the stock price goes up, why are we guaranteed that there is some demand for it?""  There is never any guarantees in investing or trading. The only guarantee in life is death, but that's a different subject. There is always some demand for a share or else the share price would be zero or it would never sell, i.e zero liquidity. There are many reasons why there could be demand for a rising share price - fundamental analysis could indicated that the shares are valued much higher than the current price; technical analysis could indicate that the trend will continue; greed could get the better of peoples' emotion where they think all my freinds are making money from this stock so I should buy it too (just to name a few). ""After all, it's more expensive now."" What determines if a stock is expensive? As Joe mentioned, was Apple expensive at $100? People who bought it at $50 might think so, but people who bought at $600+ would think $100 is very cheap. On the other hand a penny stock may be expensive at $0.20. ""It would make sense if we can sell the stock back into the company for our share of the earnings, but why would other investors want it when the price has gone up?"" You don't sell your stocks back to the company for a share of the earnings (unless the company has a share-buy-back arrangement in place), you get a share of the earnings by getting the dividends the company distributes to shareholders. Other investor would want to buy the stock when the price has gone up because they think it will go up further and they can make some money out of it. Some of the reasons for this are explained above."


Our subway pass is literally called an Orca card.  The native american orca art is all over the city, and you walked past several whale watching tours on your way to the aquarium.   You're either a bit oblivious or remembering what you want to on this one.


There is a service TransferWise through which you can send money from UK banks to EUR bank accounts in the EU for a 1 GBP fee (much cheaper then about 25 GBP for a SWIFT transfer). You send them a UK national GBP transfer to their UK HSBC account, and they send the equivalent amount in EUR from their Irish EUR bank account to your EUR account - for example in Germany. What is best, is that they use bare mid-market ForEx exchange rates, without any markup on the GBP to EUR exchange rate, which is usually in the range of 2% to 5% in banks, so you don't lose anything on the exchange rate.


One of the worst enemies of the diet is alcohol, it has become an important part of our culture and there is the misconception that any social situation is more fun when consuming alcohol. The truth is that alcohol consumption has a very negative effect on any weight loss process and here we will understand why. Remember that in any WEIGHT LOSS KIT process 70% has to do with food and the remaining 30% with movement and supplements but it is no use doing 70% of perfect way if you are doing something that will ruin the effort.


I have used turbo tax for years.  Apart from the snafu in 2014, I have had no problem using deluxe, and I have lots of asset sales to report.  I prefer form mode anyway.  I can import the data from my broker, and I can e-file with no problem.  So the only thing I'm missing is the support. I can usually find answers to questions on the web, anyway.


I've interviewed people with CFAs for IT roles, but they still didn't know finance for crap. Freddie encouraged grads there to get a CFE and I knew a few on the IT side that did. But once you have real work experience, there isn't much point.


The general idea of the PRPP is so that small business who cannot afford to offer a plan alone will be able to pool resources with others along with self-employed to create voluntary, defined-contribution pension plans that would be managed by private sector financial institutions. The PRPP concept would offer more options to individuals as well  as   small and medium-sized businesses - Tax Rules for Pooled Registered Pension Plans  You can also find an overview here THE NEW PRPP – A Pension for the Pension-Less


Someone did it for the Gen 1 volt.  Although they don't sell the upgrade, the batteries are limited in how much they charge so they can cycle thousands of times would degradation, and some think that the engineers were too conservative, so they hacked it to change 20% or so more.


Yes apply for live and dynamic data (you may have to pay for this depending on your broker and your country) and look at the market depth.


Your calculations are correct if you use the same mortgage rate for both the 15 and 30 year mortgages.  However, generally when you apply for a 15 year mortgage the interest rate is significantly less than the 30 year rate.  The rate is lower for a number of reasons but mainly there is less risk for the bank on a 15 year payoff plan.


"For the Canadian side, I like BNN's website and shows. The first 15 minutes of ""The Close"" is a nice little recap. The weekly show with Andy McCreath is alright as well. I'm curious to know if anyone has better sources."


My household items/groceries comes from too many different places, from Costco, Amazon, Sprouts, local grocers, and farmers markets. Never bought groceries on Amazon though, no perishables or too expensive for packaged goods.     I sure wont pay WFM prices for their 360 store brand


I really appreciate the long response! You clearly have more knowledge than me in regards to the finance end of the business. That said, is there so much money/debt tied up in taxi licenses and medallions that it would create even a mini financial market crash?  If so, how would we (investors) profit from the situation?


It's always hard to know the exact policy terms, but as a general rule there are two main contributions to insurance payouts. The first part covers expenses aimed at restoring the situation to its previous state pre-incident. This may include repair work and materials etcetera. The second part kicks in when it's not reasonably possible to repair the damage, or at least not in a financially efficient way. In this case, the insurer can decide to pay out the decrease in value. This is in fact very common in car accidents, where the car is a total loss.  In your case, it's quite possible that your roof, even with the two partial repairs is in a worse condition than it was before the storm. For instance, the new shingles may not match the old ones exactly. Thus the value of your home has decreased despite the reasonable repair attempt. And as mhoran_psprep points out, there can be hidden damage as well, which is a lurking liability. If you've accepted the cash payment in lieu of a full repair, you also accept the roof in its new condition.


Haven't been in Target, but Best Buy is kind of the opposite to the extreme.  Walk into Best Buy and they'll jump on your back, ask you what you want, point to the most expensive product, and won't shut the hell up.  I don't want to be manipulated. I just want honest truth. If you tell me the $2 stuff is the same as the $10 stuff or tell me of a work around, well you just earned my business. Good chance that when I want to buy a $200 item, I'm coming to you.  Here in China, it seems like a lot of folks don't understand that :( Hell, even in the States a lot of people didn't understand that. They will lie their asses off for an instant 10% gain.


A lot of articles about this kind of thing ask you to do the simple math: $5k < $15k.  If you've got a trustworthy mechanic, and you're looking to save money, it's simple, you're looking at $10k in savings, not even counting interest, higher insurance, etc. On the other hand, if you're just lusting after a new car, and don't mind spending the extra money, then why not? As you mentioned, however, if you think you'll get at least the value of your repair back, you might as well get the car repaired for $5k, so you'll be able to get around town.  If you still decide you want a new car, then you'll have a trade-in worth $6500 instead of $1500.


I believe you are talking about Public Provident Fund and National Savings Certificate schemes in India. PPF -> Deposit money -> If you want to take a loan after 3 years, you can take out 25% of the balance in your PPF account. NSC -> Money locked for 6 years and can only be encashed after 3 years, you cancel your deposit and encash all your money. Money is safe in both cases, because they are secured by the Indian government. But interest(8.75% at present for both in 2014-15 financial year) is compunded anually for PPF, but half yearly for NSC. So you get a higher interest rate in case of NSC. So if you can lock in your money, without any need for withdrawls, choose a NSC for higher returns. Tax rebate wise, both are same.


"Most personal loans in the US are for the purpose of purchasing some tangible object (usually a house or car) and that object is the collateral for the loan. Indeed, the loan proceeds are usually paid directly to the seller without passing through the bank account of the borrower, and the seller delivers the title of the car to the lender, or a mortgage lien is recorded on the real property. Except possibly in the case of a refinance of a home mortgage,  there is not much cash from such a loan to send to a friend to invest in his business, whether in the US or in India.  These types of loans are ""relatively easy"" to get. Much harder to get are unsecured personal loans. Unless your friend has a very friendly banker, getting an unsecured loan of, say, $20,000 ""just for the heck of it"" is not easy. Some reasonably well-off people do manage to get such loans and use the money to invest in the stock or bond markets, in which case, the interest paid on such loans can be deducted on  Schedule A (but only to the extent of the actual investment income; any extras can be carried over to the next year). So, will your friend be investing in your business or making a loan to your business? and do you anticipate that your business will generate any investment income or interest for your friend? If not, and your friend still wants to finance your business (while making payments on the loan in the US), then your friend must really like you a lot (or have faith that a few years down the road, you will be able to sell your business to GoAppTel for mucho big bucks and pay him off very handsomely)."


As a young investor, you should know that the big secret is that profitable long term investing is boring.  It is is not buying one day and selling the next and keeping very close tabs on your investments and jumping on the computer and going 'Buy!' , 'Sell'. That makes brokers rich, but not you. So look at investments but not everyday and find something else that's exciting, whether it's dirt biking or WOW or competitive python coding.  As a 19 year old, you have a ton of time and you don't need to swing for the fences and make 50% or 30% or even 20% returns every year to do well. And you don't have to pick the best performing stocks, and if you do, you don;t have to buy them at their lowest or sell them at their highest.  Go read A Random Walk's guide to Investing by Burton Malkiel and The only Investment Guide you'll ever need by Andrew Tobias. Buy them at used bookstores because it's cheaper that way.  And if you want more excitement read You Can Be  a Stock Market Genius by Joel GreenBlatt, One up On Wall Street By Peter Lynch, something by Warren Buffet and if you want to be really whacked, read Fooled By Randomness by Nassim Nicholas Talib, But never forget about Tobias and Malkiel, invest a regular amount of money every month from 19 to 65 according to what they write and you'll be a wealthy guy by 65.


I know this is going to be hugely unpopular, but why aren't all the costs associated with having children the responsibility of the parent? It's their decision to have children. And yes, it is a decision, whether you decide to get pregnant or decide to not use condoms or any other form of birth control and then decide to keep the child.


First, check out some of the answers on this question: Oversimplify it for me: the correct order of investing When you have determined that you are ready to invest for retirement, there are two things you need to consider: the investment and the account.  These are separate items. The investment is what makes your money grow. The type of account provides tax advantages (and restrictions).  Generally, these can be considered separately; for the most part, you can do any type of investment in any account. Briefly, here is an overview of some of the main options: In your situation, the Roth IRA is what I would recommend. This grows tax free, and if you need the funds for some reason, you can get out what you put in without penalty. You can invest up to $5500 in your Roth IRA each year. In addition to the above reasons, which are true for anybody, a Roth IRA would be especially beneficial for you for three reasons: For someone that is closer in age to retirement and in a higher tax bracket now, a Roth IRA is less attractive than it is for you. Inside your Roth IRA, there are lots of choices. You can invest in stocks, bonds, mutual funds (which are simply collections of stocks and bonds), bank accounts, precious metals, and many other things. Discussing all of these investments in one answer is too broad, but my recommendation is this: If you are investing for retirement, you should be investing in the stock market. However, picking individual stocks is too risky; you need to be diversified in a lot of stocks. Stock mutual funds are a great way to invest in the stock market.  There are lots of different types of stock mutual funds with different strategies and expenses associated with them. Managed funds actively buy and sell different stocks inside them, but have high expenses to pay the managers. Index funds buy and hold a list of stocks, and have very low expenses. The conventional wisdom is that, in general, index funds perform better than managed funds when you take the expenses into account.  I hope this overview and these recommendations were helpful. If you have any specific questions about any of these types of accounts or investments, feel free to ask another question.


"I am starting to get the meaning of a ""moral hazard"". I hope they give out the money to tax paying middle-low income families than to the banks as long as we are experimenting with printed money. We all know bad boy JP Morgan is up to no good."


"Just a word of warning: Most of the companies that promise to repair your credit are scams or close to them.  You could just as easily do yourself what they are going to charge you for. Essentially they write a letter to the credit agencies disputing most or all of the bad stuff on your credit report. When you do that, the credit agency sends an inquiry to the company that reported the negative information requiring them to justify it. If that company doesn't respond within x days, they remove the item from your credit report. These companies depend on the fact that some companies aren't going to hit that deadline or even respond. Perhaps they are just too busy to hassle with providing backup documentation for a $20 late payment. They are banking on getting a few of these cheap ""outs"" to your benefit and charging you for what amounts to sending out a bunch of form letters. If you don't mind writing a bunch of letters, then you can save a lot of money and get the exact same results. These companies want to pretend they have some insider knowledge or fancy lawyers that know special credit-magic, but they generally don't. The only option I'd consider legitimate and not a waste of your time is a referral from the non-profit National Federation for Credit Counseling. They aren't going to ""fix your credit"", but will give you advice on budgeting and repairing your credit on your own."


Read TFA.  They intentionally picked someone who didn't know how to do the role.   > [w]e’re looking for good analysts, whether it’s a data scientist, security analyst, network analyst, IT analyst, or even someone with an auditing degree. ... Security can be learned.


"The IRS definition of gift you quoted has ""full consideration ... received in return"". If your friend's help is not contingent upon your monetary offer (as is the case in all your scenarios I believe?), then it shouldn't be viewed as consideration in return of your money, right?"


I actually just did that with my Chase Freedom card. They rotate categories every 3 months, and from April-June it was 5% back at grocery stores.  So I bought a ton of gas cards and got my 5% back.  Next I figured out I would be clever and buy a ton of store gift cards (grocery gift cards) right at the end of the quarter, then use those in the future to purchase gas cards.  Well, I just tried that a couple days ago and discovered the store refuses to sell a gift card if you're paying with a gift card!  So now I'm stuck with $1,000 in grocery cards until I use them in actual grocery purchases haha One of the things about this grocery store is they partner with a gas station on their rewards program.  They offer 10 cents off a gallon with every $100 spent in store, and they double it to 20 cents off a gallon if you buy $100 in gift cards.  Then on the back of the receipt is a coupon for 10 cents off per gallon -- which they double on Tuesdays.  Unfortunately I think I'm one of the only people that takes this much advantage of the program  :-/ Side note: I actually just changed the billing cycle of my Chase Freedom card to end on the 24th of the month.  That way I can charge a bunch of rewards in the final 6-7 days of the quarter.  And if I have a $0 balance on the 24th, my bill isn't due for 7 weeks -- interest free!  And Chase Freedom has never cared if you purchase gift cards with their quarterly rewards program.  I also gave them a courtesy email giving the specific store and $$$ amount that was going to be charged, and of course they still called me with a 'fraud alert'...


Profit after tax can have multiple interpretations, but a common one is the EPS (Earnings Per Share).  This is frequently reported as a TTM number (Trailing Twelve Months), or in the UK as a fiscal year number.  Coincidentally, it is relatively easy to find the total amount of dividends paid out in that same time frame. That means calculating div cover is as simple as:  EPS divided by total dividend.  (EPS / Div). It's relatively easy to build a Google Docs spreadsheet that pulls both values from the cloud using the GOOGLEFINANCE() function.  I suspect the same is true of most spreadsheet apps.  With a proper setup, you can just fill down along a column of tickers to get the div cover for a number of companies at once.


"This is the best tl;dr I could make, [original](http://www.reuters.com/article/us-usa-economy-idUSKBN18M1GP) reduced by 88%. (I'm a bot) ***** > WASHINGTON The U.S. economy slowed less than initially thought in the first quarter, but softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter.  > Gross domestic product increased at a 1.2 percent annual rate instead of the 0.7 percent pace reported last month, the Commerce Department said on Friday in its second GDP estimate for the first three months of the year.  > Spending on equipment rose at a 7.2 percent rate in the first quarter rather than the 9.1 percent reported last month.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6ejclq/us_economy_grows_at_tepid_12_percent/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~133541 tl;drs so far."") | [Theory](http://np.reddit.com/r/autotldr/comments/31bfht/theory_autotldr_concept/) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **percent**^#1 **rate**^#2 **spend**^#3 **quarter**^#4 **growth**^#5"


Talk to an insurance broker.  Dealing with property can be risky.  If someone slips and decides to sue, the lawyer is going to drag everyone into it.    Look for business insurance, but also personal liability and umbrella insurance.  You might think you're doing things as part of your business and find out you're actually doing them as yourself and when sued, you are being sued, not your company!  An insurance agent will be able to sort things out for you though.


Source Rule 41 of the AIM Rules sets out the procedure for delisting. In summary, a company that wishes to cancel the right of any of its trading securities must: The notification to the Exchange should be made by the company’s nominated adviser  and should be given at least 20 business days prior to the intended cancellation date (the 20 business days’ notice requirement is a minimum). Any cancellation of a company’s securities on AIM will be conditional upon seeking shareholder approval in general meeting of not less than 75% of votes cast by its shareholders present and voting (in person or by proxy) at the meeting. The notification to shareholders should set out the preferred date of cancellation, the reasons for seeking the cancellation (for example annual fees to the Exchange, the cost of maintaining a nominated adviser and broker, professional costs, corporate governance compliance,  inability to access funds on the market), a description of how shareholders will be able to effect transactions in the AIM securities once they have been cancelled and any other matters relevant to shareholders reaching an informed decision upon the issue of the cancellation. Cancellation will not take effect until at least 5 business days after the shareholder approval is obtained and a dealing notice has been issued by the Exchange. It should be noted that there are circumstances where the Exchange may agree that shareholder consent is not required for the cancellation of admission of a company’s shares, for example (i) where comparable dealing facilities on an EU regulated market or AIM designated market are put in place to enable shareholders to trade their AIM securities in the future or (ii) where, pursuant to a takeover which has become wholly unconditional, an offeror has received valid acceptances in excess of 75% of each class of AIM securities.  The company’s Nominated Adviser will liaise with the Exchange to secure a dispensation if relevant. So you should receive information from the company regarding the due process informing you about your options.


But that's the problem. There is nothing that could protect you. If a government restricts businesses to replace humans with software, they just move to a country with better laws.  And as far as I am aware, there are no laws protecting you from being fired when replaced with software.


Emergency funds are good to keep yourself out of debt, for whatever reason. Job loss is a big place where an emergency fund can help you out.  It buys you time to find another job before hauling out the credit cards for your groceries, falling behind on your mortgage and car payments, etc. But it can just as easily be used for major car repairs, serious medical issues, home repairs, etc. ... anything that needs to be done quickly, and isn't a discretionary item. The bigger your cash reserves, the better, especially now that the economy is bad.


"You'd need to test the assumptions here - in effect you're saying that in 15 years your account will have a balance 10x your income. But normally you'd expect your income to grow over the years (e.g. promotions) and so you'd hope that your income in 15 years would be significantly larger than what it is now.   But, even in the case where your account eventually does grow to 10x your salary at that time, it may still be worth continuing to contribute. In effect, adding a further 1% to your account is boosting the ""compounding return"" on your account by 1% - after fees and risk free. This additional 1% ""return"" in effect makes your retirement plan safer - you either get a higher total return for the same investment mix, or you can get the same total return for a slightly safer investment mix. In effect, you're treating your salary as a ""safe"" annuity and each year putting 10% of the ""return"" from that into your more risky retirement account."


"By that same line of thinking:  Subscribe & Save -> grocery pantry orders -> dash -> local -> echo -> Amazon Go -> rolling shopping carts picked by robots supervised by humans   It's a bit like the smart fridge concept.  Just because you don't hit ""ship"" doesn't mean Amazon can't start aggregating orders to be ready for your pick up.   Amazon is becoming a demand planning company. You demand it and they plan for it.   Then throw in air drones, lockers, blimp warehouses and auto trucks   Yikes. That means it could be Amazon, Google and Apple who will split up the majority of the driverless vehicle business.   Yielding the first truly $1T market cap and the winner will be the first $2T company."


Google Finance will do all the bullet points in your list and a few more.  The only drawback is that you have to enter ALL buy and sell manually.  It has an import feature, but it does not work with all trading software. http://www.google.com/finance Let me know if it works.  Also, yahoo.com/finance has a good tool, but I still like better Google's application.


Depends on the structure of the company and what shares are outstanding.  If the pink sheet stock has no voting power then buying all that stock doesn't get you any control at all.  On the other hand, if the outstanding shares only represent 20% of the company's overall shares, then buying all the shares isn't likely enough to have a controlling interest. Thus, you'll have to dig into the details.  If you want an example of where I'd have my doubts, look at Nestle's stock which has the ticker of NSRGY.  There can be companies that are structured with stock on multiple exchanges that can also be a challenge at times.  There is also something to be said if you own enough stock in a company that this has to be disclosed to the SEC when you buy more.


First, what Daniel Carson said. Second, if you're getting started, just make sure you are well diversified.  Lots of growth stocks turn into dividend stocks over time-- Microsoft and Apple are the classic examples in this era.  Someday, Google will pay a dividend too. If you're investing for the long haul, diversify and watch your taxes, and you'll make out better than nearly everyone else.


It's much more complicated than that. But to be extraordinarily brief, tech companies (and pharma and everyone else) off-shore the further development of IP (etc.) once it's going to be successful. They then license it back to the US-based entity, and gin up all manner of tax benefits. (Source: I did this for a living.)  The problem is that the revolutionary product that's generating billions of dollars was conceived of in the US, developed in the US under the benefits of the US economy at large, protected by US laws, often subsidized by US tax dollars, initially driven by US markets, and is owned by a US parent company. However, having used the vehicle to wealth that is the US, the company then cuts off the tax revenue to the US that's suppose to continue to fuel the broader context that gave rise to the benefits in the first place.   Say what you want about US corporate tax rates. This money has been subjected to 0% taxes in most cases and no chance in US tax rates will chance that calculation.   [This TED Talk is worth watching](https://www.ted.com/talks/mariana_mazzucato_government_investor_risk_taker_innovator)


Most people who have over $250,000 in liquid cash savings would not want to start putting their money into regular savings accounts in different banks, especially with interest rates as ridiculously low as they are now in 2014-15.  People with money will want to diversify their investments in ways that will potentially earn them more money, and they can also afford to seek the advice of financial planners who can help them do this wisely. Even if you decide to put $250,000 into various accounts at different banks, I wouldn't necessarily trust that the FDIC will be able to help you recover your money in the event that your banks go under.  The amount of money available to the FDIC to cover such losses pales in comparison to the actual amount of money that Americans have in their bank accounts.


If your house was paid off, would you be comfortable borrowing from the equity to invest? This is essentially the same question.  Also, why not ask the opposite? How much more should you be borrowing (at a similar rate) for investments? Your answer to both questions will be clues to how you view the risk/reward of borrowing against your house in order to invest. My personal preference is not to invest with borrowed money. There may be a few percent of potential returns I am missing out on. That percent return has to be analyzed in the context of a full financial plan and future goals.


>You mean Gary Johnson, he was not a libertarian, he was a republican.  Gary Johnson was a Republican in title only. In the current political climate you have to have an R or a D next to your name to have a chance. It doesn't have to always stay that way.  >Your opinions are a drop of ink in an ocean. Change them and contribute among the vast, vast majority of Americans who believe in a nation state or knowingly continue spouting your ideology which will amount to nothing.  Translated: Become a sheep or choose to think for yourself.


"Agreed.  >Yes: Android is way more fragmented, and has many more ""shitty"" devices, but we're talking basic messaging here, not games or complicated shit.     Android is no longer as shitty as it used to be. Th latest versions of Android are just as clean and good as iOS.    Maybe it's me but Apple is getting desparate day by day. I really wonder if they are ever going to release another product as successful as the iPhone, iPad or MacBook."


"I purchased a portable A/C unit from Amazon from a third party reseller, when it died after 18 months the seller had vanished and I had no evidence/proof/contact to make a claim. Manufacturer warranty was only 12 months so no luck there either.  Resellers need to bake returns into their profit margin. The example in the article of electronic devices being ""too complicated"" is a good example. A non tech savvy person wants an intuitive device instead of reading a bunch of instructions, big box stores and Amazon itself realize it's a legitimate return. Someone born in the 90s trying to make a quick buck reselling imports can be like ""it's easy, just do steps A, B, F, Q, Z"" when a non tech person may only remember A+B"


"This is the best tl;dr I could make, [original](https://www.bloomberg.com/view/articles/2017-07-26/in-a-robot-economy-all-humans-will-be-marketers) reduced by 85%. (I'm a bot) ***** > ATMs made bank branches easier and cheaper to operate, and that led banks to hire more staff, including tellers.  > These tellers play a smaller role in counting cash and handling deposits than before, so what are they doing instead? Economist James Bessen explained: &quot;Their ability to market and their interpersonal skills in terms of dealing with bank clients has become more important. So the transition - what the ATM machine did was effectively change the job of the bank teller into one where they are more of a marketing person. They are part of what banks call the &#039;customer relationship team.&#039;&quot;.  > More legal work is done by smart software, but cultivating client relationships has never been more important.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6pum0t/in_a_robot_economy_all_humans_will_be_marketers/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~176740 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*: **more**^#1 **bank**^#2 **marketing**^#3 **customer**^#4 **teller**^#5"


Unions are a joke. They were created originally with good intentions, to protect workers interests. Now, it's all corruption and overpaid high school dropouts making $40/hour for holding a stop sign.   You barely graduated high school. In no situation is your hourly rate worth $150 to me.  Unions need to be put in their place.


I love how people still think we need to be working as much as we do right now as a society.   9-5, 5 days a week all year? Fuck, wake up people. I bet we worked less as hunter gatherers.   We have everything we need: access to water, shelter, food, technology. Why are we still working like we're slaves?  And I know some people like work and there are economic arguments for why we work this much. Doesn't change the fact that what is happening is ridiculous.


"I currently use Mint for this, which I see that you have already disqualified but not why you have disqualified it.  Set ""budgets"" for how much you want to spend on what type of expense, and then be sure to assign expenses to a budget as they come in. Mint actually learns what expenses go to each budget and eventually does it automatically."


"The signers of the declaration of independence all stood to see financial gain from separating from England.  It has always been a driving factor.  Much more recently, Eisenhower famously used the term ""military-industrial complex"" in his farewell address in 1961.  Go back a little further and collusion with robber barons during the industrial revolution was common place.  Nobody alive today in the US (or really anyone who has ever lived within the United States) has lived in a time when politics and industry weren't strongly linked."


TL; DR : OP (for our purposes) has many years of copyright and history with business name.  Scumbag insurance company start using same name.  OP gets lots of insuance related calls and contact from confused customers.  Scumbag insurance Co. uses Florida legal system, including scumbag judge, to try to screw Good Guy OP.  Sucks.    I upvoted in hopes that some FL lawyer will see it.


"In a word, no. If your income is high enough to have to file a return, you have to file a return. My accountant has a nice mindset for making it more palatable. I'll paraphrase: ""Our tax system is ludicrously complicated. As a result, it is your duty as an American to seek out and take advantage of every deduction and credit available to you. If our politicians and leaders put it into the tax code, use it to your advantage."" A friend of mine got a free golf cart that way. It was a crazy combination of credits and loopholes for electric vehicles. That loophole has been closed, and some would say it's a great example of him exercising his patriotic duty."


Of course, you've already realized that some of that is that smaller estates are more common than larger estates.  But it seems unlikely that there are four times as many estates between $10 and $11 million as above that range.   People who expect to die with an estate subject to inheritance tax tend to prepare.   I don't know how common it is, but if the surviving member of a couple remarries, then the new spouse gets a separate exemption.  And of course spouses inherit from spouses without tax.  In theory this could last indefinitely.  In practice, it is less likely.  But if a married couple has $20 million, the first spouse could leave $15 million to the second and $5 million to other heirs.  The second spouse could leave $10 million to a third spouse (after remarrying) and another $5 million to children with the first spouse.  All without triggering the estate tax.   People can put some of their estate into a trust.  This can allow the heirs to continue to control the money while not paying inheritance tax.  Supposedly Ford (of Ford Motor Company) took that route.   Another common strategy is to give the maximum without gift tax each year.  That's at least $14k per donor and recipient per year.  So a married couple with two kids can transfer $56k per year.  Plus $56k for the kids' spouses.  And if there are four grandchildren, that's another $112k.  Great-grandchildren count too.  That's more than a million every five years.  So given ten years to prepare, parents can transfer $2 million out of the estate and to the heirs without tax.   Consider the case of two wealthy siblings.  They've each maxed out their gifts to their own heirs.  So they agree to max out their gifts to their sibling's heirs.  This effectively doubles the transfer amount without tax implication.   Also realize that they can pretransfer assets at the current market rate.  So if a rich person has an asset that is currently undervalued, it may make sense to transfer it immediately as a gift.  This will use up some of the estate exemption.  But if you're going to transfer the asset eventually, you might as well do so when the value is optimal for your purpose.   These are just the easy things to do.  If someone wants, they can do more complicated things that make it harder for the IRS to track value.   For example, the Bezos family invested in Amazon.com when Jeff Bezos was starting it.  As a result, his company could survive capital losses that another company might not.  The effect of this was to make him fabulously rich and his parents richer than they were.  But he won't pay inheritance tax until his parents actually transfer the estate to him (and I believe they actually put it in a charitable trust).  If his company had failed instead, he still would have been supported by the capital provided by his parents while it was open (e.g. his salary).  But he wouldn't have paid inheritance tax on it.   There are other examples of the same pattern:  Fred Smith of FedEx; Donald Trump; Bill Gates of Microsoft; etc.  The prime value of the estate was not in its transfer, but in working together while alive or through a family trust.  The child's company became much more valuable as a result of a parent's wealth.  And in two of those examples, the child was so successful that the parent became richer as a result.  So the parent's estate does count.  Meanwhile, another company might fail, leaving the estate below the threshold despite a great deal of parental support.   And those aren't even fiddles.  Those children started real companies and offered their parents real investment opportunities.  A family that wants to do so can do a lot more with arrangements.  Of course, the IRS may be looking for some of them.   The point being that the estate might be more than $11 million earlier, but the parents can find ways to reduce it below the inheritance tax exemption by the time that they die.


> So no evidence then.  That's literally not at all what I said. So you're obviously a troll.  What I said is give me 2 hours of their broadcasts and I can point out to you everything you need to see to be convinced. The evidence is in their broadcasts.


"The various levels of government have laws determining what a protected class is.   Federally, [these](https://en.wikipedia.org/wiki/Protected_class) are the protected classes under federal law. It is illegal to discriminate against someone based on their membership of any  of those demographics. On the state and local level, many states have additional protections. For example, my home state of IL explicitly forbids discrimination based on someone's sexual orientation or gender identity, classes which are not explicitly forbidden on the federal level.  Hate speech is protected under the First Amendment, so long as you're not inciting violence. (That caveat is very murky and I am not qualified enough to speak on what is and isn't inciting violence from a legal perspective, I just know that the caveat exists)  The key distinction that I think a lot of people misunderstand and are confused about is that, while hate speech is protected under the first amendment like all other forms of speech, it is not a protected class. Meaning, I can say whatever hateful rhetoric I want, but non government entities are free to discriminate against me.    I can absolutely be fired if my employer finds out I am posting on Facebook advocating for the death of black lives matter activists, or saying stuff like ""terrorist immigrant rapists go home"" because political speech is not a protected class. I cannot be fired for posting a photo of my gay wedding (in IL), because in IL sexual orientation is a protected class.   Does that make sense?"


"People are naturally pessimistic or optimistic. I am a pessimist, I have a anxiety disorder to prove. Tried to have a business, gave up when I realized I would have to borrow more money to keep on going. My dad on the other hand, he is eternal optimist. He was part of the 80es real estate bubble. It just was in his genes to believe that prizes keep on going up. And they might have, but there were factors at play that he could not foresee (falling of soviet union which influenced Finland).   To me, bubbles are born because of 1 simple reason. Government backed loans. If governments would not bail out banks that lend money to speculators. There would not be bubbles. It is that simple. But then the economy would freeze, since banks would demand perfect guarantees before they would loan you a cent.  One way to deal with that might be that central banks would naturally print money at a certain rate each year, knowing that a lot of that money will just burn in bad investments, basically forgiving banks for the bad loans they have made. Not too much to cause inflation, yet not too little to cause banks stop lending.  This money would be simply printed off thin air.   There would have to be a agreement on IMF level at what this ""burn rate"" could be to invidual countries. But since that burn rate could give an edge to a country that was allowed to print more, it would be very hard to come to an agreement how much each country could print.   Or, there could be a international agreement that the money would printed this way only during recessions.   Else we are stuck with bust and boom cycles, which are very destructive as I have witnessed first hand."


"Total Capital This is a very old fashioned term that really is mostly only used in the finance industry today, like when everyone was obsessed with ""bank capital"". Total Capital = Preferred Equity + Common Equity + Liabilities True blue preferred shares are almost only used by financial companies, banks specifically.  The more modern ones that convert to common are used by all other companies. Notes Payable This is another old fashioned term that now carries a different meaning in Generally Accepted Account Principles (GAAP). The oldest definition of a note or a promissory note is a promise to pay a fixed amount of money on a specific date.   This has been modified to resemble more a bond and evolved into the zero coupon bond, a bond that makes no cash interest payments but makes one final payment that includes principal & interest.   A bank note, like a One Dollar bill, is a note that pays something, in this case One Dollar, never (technically, the repayment date is simply not specified in the contract).  While it pays One Dollar, it never pays it back, so it has a constant value of One Dollar.  The constant nature, inflation notwithstanding, is what makes bank notes the preferred medium of exchange. GAAP has taken its' own definition to mean any debt payable within 12 months, as it is a current (<12 months) liability."


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"I would refer you to this question and answers. Here in the US we have two basic types of life insurance: term and whole life.  Universal life is a marketing response to whole life being such a bad deal, and is whole life just not quite as bad. I am not familiar with the products in India, but given the acronym (ULIP), it is probably universal life, and as you describe is variable universal life.   Likely Description ""Under the hood"", or in effect, you are purchasing a term life policy and investing excess premiums in a collection of stock mutual funds.  This is a bad deal for a few reasons: A much better option is to buy ""level term insurance"" and invest on your own. You won't necessarily lose money, but you can make better financial decisions.  It is good to invest, it is good to have life.  A better decision would not to combine the two into a single product."


So, people deposit money with you, you agree to pay them fixed % back, and then you invest money for your own profit? Sounds like a bank to me.  Or a dividend-paying mutual fund, or a number of other similar ideas.  Sure, you're welcome to start something like that up; it's unlikely you'd get money from people unless you had already proved yourself competent as an investor, though.  After all, if it's possible to get a safe, comfortable 5%, why would anyone give you money at 2% or 3% instead of just getting that 5% for themselves?  Or, more likely, finding a competitor who gives 4.9%? As in most things, the market will find inefficiencies like this and squash them like bugs.   That said, there are some opportunities that take advantage of other kinds of situations.  The most common I'd say is owning a home.  You take out a mortgage for 80% of the value of the home, instead of buying it outright, and you instead invest the 80% in the market.  You likely will beat your mortgage rate given the current 3.5%-4% rates.  That's effectively doing the same thing, with an expense you'd have anyway (you always have to live somewhere); since it's a secured loan, you get better rates than the market will give (as it's quite safe) and you can use tax laws in your favor (mortgage interest deduction, in particular, and the capital gains break on primary residences).


After determining your potential savings rate, it is important to spend some time considering your retirement goals. In particular, do you want to live on the same amount of money you live on today? Maybe more? Less? Less: If you plan on living on less than today, I would maximize pre-tax contributions as a first priority (ie, 401k). In doing so, you opt to withdraw the money in the future at a lower marginal tax rate. If you have other pre-tax accounts available, such as an HSA, I think it makes sense to go this route: The Same/More: If you plan on living on the same or more than today, then the Roth choice becomes a matter of personal preference if you believe taxes will be higher at retirement then today. For those in this camp, I've seen recommendations that say Roth should be approximately one-fifth to one-half of annual contributions (where possible). My suggestion would be to wager on the lower end as most pre-tax accounts can be converted to Roth in a year when you may be in a lower marginal tax bracket. Assuming your savings rate is 20% on 100k income, the one-fifth recommendation would be $4000 towards Roth and the other $16000 towards pre-tax accounts, such as 401k or HSA.


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Michael gave a good answer describing the transaction but I wanted to follow up on your questions about the lender. First, the lender does charge interest on the borrowed securities. The amount of interest can vary based on a number of factors, such as who is borrowing, how much are they borrowing, and what stock are they trying to borrow.  Occasionally when you are trying to short a stock you will get an error that it is hard to borrow. This could be for a few reasons, such as there are already a large amount of people who have shorted your broker's shares, or your broker never acquired the shares to begin with (which usually only happens on very small stocks). In both cases the broker/lender doesnt have enough shares and may be unwilling to get more. In that way they are discriminating on what they lend. If a company is about to go bankrupt and a lender doesnt have any more shares to lend out, it is unlikely they will purchase more as they stand to lose a lot and gain very little.  It might seem like lending is a risky business but think of it as occurring over decades and not months. General Motors had been around for 100 years before it went bankrupt, so any lender who had owned and been lending out GM shares for a fraction of that time likely still profited.  Also this is all very simplified. JoeTaxpayer alluded to this in the comments but in actuality who is lending stock or even who owns stock is much more complicated and probably doesnt need to be explained here. I just wanted to show in this over-simplified explanation that lending is not as risky as it may first seem.


"In a comment you say,  if the market crashes, doesn't ""regress to the mean"" mean that I should still expect 7% over the long run? That being the case, wouldn't I benefit from intentionally unbalancing my portfolio and going all in on equities? I can can still rebalance using new savings. No.  Regress to the mean just tells you that the future rate is likely to average 7%.  The past rate and the future rate are entirely unconnected.  Consider a series:   The running average is  That running average is (slowly) regressing to the long term mean without ever a member of the series being above 7%.   Real markets actually go farther than this though.  Real value may be increasing by 7% per year, but prices may move differently.  Then market prices may revert to the real value.  This happened to the S&P 500 in 2000-2002.  Then the market started climbing again in 2003.  In your system, you would have bought into the falling markets of 2001 and 2002.  And you would have missed the positive bond returns in those years.  That's about a -25% annual shift in returns on that portion of your portfolio.  Since that's a third of your portfolio, you'd have lost 8% more than with the balanced strategy each of those two years.   Note that in that case, the market was in an over-valued bubble.  The bubble spent three years popping and overshot the actual value.  So 2003 was a good year for stocks.  But the three year return was still -11%.  In retrospect, investors should have gone all in on bonds before 2000 and switched back to stocks for 2003.  But no one knew that in 2000.  People in the know actually started backing off in 1998 rather than 2000 and missed out on the tail end of the bubble.   The rebalancing strategy automatically helps with your regression to the mean.  It sells expensive bonds and buys cheaper stocks on average.  Occasionally it sells modest priced bonds and buys over-priced stocks.  But rarely enough that it is a better strategy overall.   Incidentally, I would consider a 33% share high for bonds.  30% is better.  And that shouldn't increase as you age (less than 30% bonds may be practical when you are young enough).  Once you get close to retirement (five to ten years), start converting some of your savings to cash equivalents.  The cash equivalents are guaranteed not to lose value (but might not gain much).  This gives you predictable returns for your immediate expenses.  Once retired, try to keep about five years of expenses in cash equivalents.  Then you don't have to worry about short term market fluctuations.  Spend down your buffer until the market catches back up.   It's true that bonds are less volatile than stocks, but they can still have bad years.  A 70%/30% mix of stocks/bonds is safer than either alone and gives almost as good of a return as stocks alone.  Adding more bonds actually increases your risk unless you carefully balance them with the right stocks.  And if you're doing that, you don't need simplistic rules like a 70%/30% balance."


For self-service type online customers, OptionsXpress gives me far better trading features(like technicals advanced conditions) and tools, ACH money management & scheduling, fullfillment too. $9 stock trades.  I don't know if they yet share Schwab's (their new parent company?) commission-free ETFs getting so trendy nowadays.


Absolutely anyone who wants to put money into a stranger's account is a guaranteed scammer and most likely from Nigeria in reality. I know you probably felt like it was your lucky day but in fact it could have been your unluckiest day had you not asked on here, so good on you man. Whenever you're not sure about something just ask, that's what the internet is for, someone's always willing to help.