All banks in the US that I have ever worked with will allow you to deposit checks if: In your case, you have 3 options:


Or you owned one that was bought out, so you got a ~30% return + whatever else the stock had returned prior to that. Everyone is pushing for the companies they hold to be bought for a quick paycheck, so you're seeing fewer companies...


Your son is completely free to pay off your mortgage if he wants. However in most jurisdictions it counts as a gift to you, and will be subject to gift tax, or its equivalent. This is why the bank doesn't want to receive payments directly from your son, so that they are not caught up in the reporting of this. If you are in the US, this is a good page about Gift Tax.


I got $26,000/month for Group B.  If they spend $26,000 that gives $390 in fees.  It will take on average 1.5 months for them to pay the credit card company.  With a monthly cost of funds of .04 divide that by 12 and multiply by 1.5, to get a .5% cost for every dollar of customer B spending on cost of funds.  This leads to a $130 cost for a total profit of $260.  I'm sorry for the lost job.  Things like that happen to lots of people.  As long as you're still alive, there's always going to be more opportunities.  Most people only notice a tiny percentage of the opportunities that come their way, and even fewer take advantage of them.


Since you mentioned £, there's a good chance you're in the UK. The UK is something of an anomaly in the world in so much as you don't need to use CDFs because you can 'spread bet'. The principle is ultimately the same: you're making a bet that the price will change in your favour. As others have said, this isn't investment and isn't a good idea if you don't know what you're doing. It's a possibly risky way into the field because your losses can exceed your deposit. It's generally pretty short-term, and so is highly susceptible to unpredictable temporary market fluctuation ('real' investing is usually longer term, and so based on the general trend of the market, which is generally less difficult to predict). That said, half-way decent spread betting companies will check you out pretty thoroughly before you start, they'll offer a 'demo' account where you can trade with 'fake money' (ie. you make no deposit, and can make no withdrawals) until you're comfortable. Some do training courses and seminars too. When you first start trading for real, you'll need to put a 'stop loss' on every trade, and thus mostly avoid the problem of losing more than you staked (it's still possible to lose more than you staked with a stop loss, but in most cases your excess loss won't be ruinous, just eye-watering). I worked for one such spread-betting company (a good, honest one at that). We once had an internal competition using demo accounts - the aim was to make as much money as you could in a two week period. I think we started with £10,000 each. A couple of people 'made' a decent looking amount of money in that time, but dozens more of us lost at least all of the money. It is possible to make money, but there's a far, far greater chance you'll lose all you're prepared to stake (and maybe more). Also, using a demo account is very different from using real money (no matter how much you tell yourself it isn't).


You're welcome. Pm me if you have questions. Ideally you would get to a point where you are debt free save a mortgage if that's where you are heading. Your interest rates a low enough save the credit card debt that you may want to look into an investment portfolio. Especially if you have more than $3k in cash. You don't need to keep that much cash at your age. Most investments are liquid enough you could get it out in a couple of days in case of an emergency. Though you will want to think about how taxes and market timing could affect you.


I second the above post. I am a CFA charterholder, and have an MBA.  The CFA Charter is the gold standard for asset management and investment research. Plus, it is a self-study program. You can sit for the Level I exam as a Senior in undergraduate, and this is a huge positive signal to prospective employers.


They offer a coupon that is 40% to 60% the actual amount that it could in theory offer, if not for delinquent cases.... the banks pocket the difference in the name to be able to pay up consistently..... not a pretty picture but it covers their ass


The future shares will be fewer in number, yet have claim to less cash in the bank. All in all, there's little reason the shares would rise in value.  Say there are 1M shares, trading at $10. Market cap is $10M of course. Now, there happens to be $2M cash in the bank so each share had about $2 cash. By taking the $2M and buying 200K shares, 800K shares remain, but why would you think they'd be valued at $12.50? The same $10 value per share is now an $8M market cap as $2M has been disbursed, no less so than if it were given out in a dividend.


"(I'm a bit surprised that nobody talked about the impact of multiple inquiries on a loan, since OP is concerned with credit building. Probably an answer as opposed to a comment is justified.) Yes. In fact when you shop for auto loan you are expected to have your credit score/report be pulled by different banks, credit unions, and/or the financing arm of the car manufacturer or the dealership, so that you can hopefully get the best rate possible. This is especially true if the dealer is requesting quotes on rates on your behalf, as they would probably use a batch process to send out applications to multiple financial institutions all at once. Yes, and a bit unusual - CALVERT TOYO (your dealer) pulled your report twice on the same day. Presumably they are not getting any new information on the second pull. Maybe a fat finger? Regardless, you should not worry about this too much (to be explained below). I would say ""don't bother"". The idea behind hard inquiries lowering credit score is that lenders see the number of hard inquiries as your desire for credit. Too high a number is often viewed as either ""desperate for credit"" or ""unable to qualify for credit"".  But as explained above, it is very common for a person to request quotes for multiple financial institutions and thus to have multiple hard inquiries in a short period of time when shopping for loans. To account for that, the credit bureau's model would usually combine hard inquiries for a same type of loan (auto, mortgage, etc.) within 30 days. Hence a person sending quote request to 3 banks won't be rated higher for credit than if he were to request quotes from 5 banks.  Therefore in your case your credit profile is not going to be different if you had been pulled just once. my credit score goes down for 15 points I'm assuming you are talking about the credit score provided by Credit Karma. The score CK provided is FAKO. The score lenders care about is FICO. They are well correlated but still different. Google these two terms and you should be able to figure out the difference quickly. You can also refer to my answer to a different question here: Equifax credit score discrepancy in 1 month, why?"


Is there a debit card accessing this account?  When you spend money on a debit card for certain item, including, but not limited to gas, restaurant, hotel, a bit extra is held in reserve. For example, a $100 restaurant charge might hold $125, to allow for a tip. (You're a generous tipper, right?) The actual sales slips my take days to reconcile.  It's for this reason that I've remarked how credit cards have their place. Using debit cards requires that one have more in their account than they need to spend, especially when taking a trip including hotel costs.


Indeed, I have to agree with the utterly reasonable arguments in Iraq, Libya, Syria, Afghanistan have made the world a better place, I really don't understand what is holding back the Koreans from constructive dialogue . . .Maybe its Trumps color . .reminds them of Agent Orange . .oh sorry . .that was Vietnam


Well technically debt is commonly measured as a % of GDP in order to give it a sense of scale. How else would you compare US debt vs Greek debt. You can also do it as a % of assets I guess, but that's much harder to measure


A stock's price does not move in a completely continuous fashion.  It moves in discrete steps depending on who is buying/selling at given prices. I'm guessing that by opening bell the price for buying/selling a particular stock has changed based on information obtained overnight. A company's stock closes at $40.  Overnight, news breaks that the company's top selling product has a massive defect.  The next morning the market opens.  Are there any buyers of the stock at $40?  Probably not.  The first trade of the stock takes place at $30 and is thus, not the same as the previous day's close.


It looks to me like this is a 'call an attorney' situation, which is always a good idea in situations like this (family legal disputes).  But, some information. First off, if your family is going to take the car, you certainly won't need to make payments on it any more at that point, in my opinion.  If the will goes through probate (which is the only way they'd really be able to take it), the probate judge should either leave you with the car and the payments, or neither (presumably requiring the family to pay off the loan and settle your interest in the car).  Since the car has negative net value, it seems unlikely that the probate judge would take the car away from you, but who knows.  Either way, if they do take the car away from you, they'll be doing you a service: you have a $6,000 car that you owe $12,000 on.  Let them, and walk away and buy another car for $6,000. Second, I'm not sure they would be allowed to in any event.  See the Illinois DMV page on correcting titles in the case of a deceased owner; Illinois I believe is a joint tenancy state, meaning that once one owner dies, the other just gets the car (and the loan, though the loan documents would cover that).  Unless you had an explicit agreement with your grandfather, anyway. From that page: Joint Ownership A title in the names of two or more persons is considered to be in joint tenancy. Upon the death of one of them, the surviving joint tenant(s) becomes the owner(s) of the vehicle by law. Third, your grandfather can fix all of this fairly easily by mentioning the disposition of the car and loan in his will, if he's still mentally competent and wishes to do so.  If he transfers his ownership of the car to you in the will, it seems like that would be that (though again, it's not clear that the ownership wouldn't just be yours anyway). Finally, I am not a lawyer, and I am not your lawyer, so do not construe any of the text of this post as legal advice; contact a lawyer.


>some of it is actually decent investigative reporting  lol.  Businessweek could draw up a better article here than Vice.  > Of course, you have a strong opinion adamantly against it, so I am guessing you really don't ever read that content.  One I did read it.  Two I am against it as most of what Vice does today is clickbait and journalism on the same level of Buzzfeed which is low.  The Atlantic, Time, The New York Times, etc all do far better investigative journalism than Vice does.  If you think this Vice article is good investigative journalism I don't know what to say.


"Hahahahaa! Oh man, this is hilarious. Are you going to try and explain a debit and credit to me next?  >There's a huge distinction between a company that is generating no sales, and a company that is generating no profit.  I must have missed that part in your heavily nuanced comment about ""making money."""


Do we really want to get into this?  There has been a production of Julius Caesar with Caesar portrayed as the current president in every single presidency.   The entire point of the play is to show what happens when private citizens violently overthrow the government. It ends badly for them, it's a tragedy.  Read the play.


I haven't seen any of the other answers address this point – shares are (a form of) ownership of a company and thus they are an entitlement to the proceeds of the company, including proceeds from liquidation. Imagine an (extreme, contrived) example whereby you own shares in a company that is explicitly intended to only exist for a finite and definite period, say to serve as the producers of a one-time event. Consider a possible sequence of major events in this company's life: So why would the shares of this hypothetical company be worth anything? Because the company itself is worth something, or rather the stuff that the company owns is worth something, even (or in my example, especially) in the event of its dissolution or liquidation. Besides just the stuff that a company owns, why else would owning a portion of a company be a good idea, i.e. why would I pay for such a privilege? Buying shares of a company is a good idea if you believe (and are correct) that a company will make larger profits or capture more value (e.g. buy and control more valuable stuff) than other people believe. If your beliefs don't significantly differ from others then (ideally) the price of the companies stock should reflect all of the future value that everyone expects it to have, tho that value is discounted based on time preference, i.e. how much more valuable a given amount of money or a given thing of value is today versus some time in the future. Some notes on time preference: But apart from whether you should buy shares in a specific company, owning shares can still be valuable. Not only are shares a claim on a company's current assets (in the event of liquidation) but they are also claims on all future assets of the company. So if a company is growing then the value of shares now should reflect the (discounted) future value of the company, not just the value of its assets today. If shares in a company pays dividends then the company gives you money for owning shares. You already understand why that's worth something. It's basically equivalent to an annuity, tho dividends are much more likely to stop or change whereas the whole point of an annuity is that it's a (sometimes) fixed amount paid at fixed intervals, i.e. reliable and dependable. As CQM points out in their answer, part of the value of stock shares, to those that own them, and especially to those considering buying them, is the expectation or belief that they can sell those shares for a greater price than what they paid for them – irrespective of the 'true value' of the stock shares. But even in a world where everyone (magically) had the same knowledge always, a significant component of a stock's value is independent of its value as a source of trading profit. As Jesse Barnum points out in their answer, part of the value of stocks that don't pay dividends relative to stocks that do is due to the (potential) differences in tax liabilities incurred between dividends and long-term capital gains. This however, is not the primary source of value of a stock share.


Metropolitan Shredding is a proud Australian owned and operated shredding company providing secure document destruction, security bins and paper shredding services. We have years of hands on experience in the industry, visit us now if you are looking for secure document destruction in Perth.


Does your wife perform solo or in association with other actor/actresses and other volunteers? The latter arrangement sounds more like an unincorporated association or a partnership, which might be a bit freer to match the revenue and expenses.  By grinding through the proper procedures, it might be possible to get official non-profit status for it, as well.   Ask a professional.


"Status alone shouldn't be a problem. A fellow blogger publishes a blogger list at Rock Star Finance where he lists nearly 1000 personal finance bloggers web sites. You can see that many of them publicly offer their numbers.   What you need to consider is whether you are anonymous, or if friends and family will know it's you. ""Hey Tev, you have no debt and already saved XXX francs? Can you lend me ZZ francs to buy....?"" That is the greater risk. The potential larger risk for the higher worth people is that of targeted theft.  (Interesting you couldn't find this via search, the PF blogging community is large, mature, and continuing to grow.)"


I want to know ideally how much should a person save for retirement   funds? A person should save enough such that your total retirement resources will equal the amount you personally need for a comfortable retirement at the point in time when the person desires to retire. If you want to retire at 40, you may need to save quite a lot each year. If you want to retire at 70, you may need to save less each year. If you will have a pension, you may wish to save somewhat less than someone who won't have a pension. The same is true for Social Security (or your local equivalent). I am getting a feeling retirement funds is equal to financial   independence because one can live without needing to borrow money from   anyone. Sort of, but it depends on your goals. Some who are financially independent never choose to retire, but choose jobs without regard to financial need.


"For the mortgage, you're confusing cause and effect. Loans like mortgages generally have a very simple principle behind them: at any given time, the interest charged at that time is the product of the amount still owing and the interest rate. So for example on a mortgage of $100,000, at an interest rate of 5%, the interest charged for the first year would be $5,000. If you pay the interest plus another $20,000 after the first year, then in the second year the interest charge would be $4,000. This view is a bit of an over-simplification, but it gets the basic point across. [In practice you would actually make payments through the year so the actual balance that interest is charged on would vary. Different mortgages would also treat compounding slightly differently, e.g. the interest might be added to the mortgage balance daily or monthly.] So, it's natural that the interest charged on a mortgage reduces year-by-year as you pay off some of the mortgage. Mortgages are typically setup to have constant payments over the life of the mortgage (an ""amortisation schedule""), calculated so that by the end of the planned mortgage term, you'll have paid off all of the principal. It's a straightforward effect of the way that interest works in general that these schedules incorporate higher interest payments early on in the mortgage, because that's the time when you owe more money. If you go for a 15-year mortgage, each payment will involve you paying off significantly more principal each time than with a 30-year mortgage for the same balance - because with a 15-year mortgage, you need to hit 0 after 15 years, not 30. So since you pay off the principal faster, you naturally pay less interest even when you just compare the first 15 years. In your case what you're talking about is paying off the mortgage using the 30-year payments for the first 15 years, and then suddenly paying off the remaining principal with a lump sum. But when you do that, overall you're still paying off principal later than if it had been a 15-year mortgage to begin with, so you should be charged more interest, because what you've done is not the same as having a 15-year mortgage. You still will save the rest of the interest on the remaining 15 years of the term, unless there are pre-payment penalties. For the car loan I'm not sure what is happening. Perhaps it's the same situation and you just misunderstood how it was explained. Or maybe it's setup with significant pre-payment penalties so you genuinely don't save anything by paying early."


Actually BofA never charged for their debit card usage. It was all heresy from the media because Wells Fargo and Chase Bank were actually charging their customers. As to your credit card, you know that you can close that at anytime and pay off whatever owing balance you have left with it still closed.


> The jobs in the economy is (generally) fixed  That’s not really true.  Industries are developed and killed off all the time.  > At the end of the day we will still need dishwashers and security guards.   A small capital investment could be used as a replacement for most of the labor.  A better dishwasher, a better security system both allow each unit of labor to become more productive.  It was true with the cotton gin and it will be true with future innovations.


Oh I definitely agree.  The infrastructure costs of mass transit in the US are enormous, what if we just skip over it and it's replaced by Tesla style communal on demand transport.  We could go the route of Africa bypassing traditional phone infrastructure and jumping straight to mobile.


With a big enough haircut (and insurance) everything can be collateral. Does a Warhol get be be counted as 100 million of collateral? No. But it's definitely worth something.   To be honest, a painting is probably more dependable as collat because it probably just stays in one place and doesn't get handled a lot. When was the last time you heard of a painting getting hijacked or sinking off the coast of Spain?


> One problem with the Social Security number, he said, is that a victim of identity theft cannot get it changed after it has been stolen.  Not quite true. [You *can* get your Social Security number changed](https://faq.ssa.gov/link/portal/34011/34019/article/3789/can-i-change-my-social-security-number), but it's a process to do so, and is only available for specific reasons. One of those reasons is due to ongoing issues with identify theft:  > We can assign a different number only if:  > * ... A victim of identity theft continues to be disadvantaged by using the original number;  So it's doable, but the process of doing so isn't easy, and requires a trip to Washington, DC, which most folks won't be able to do (which are only compounded if dealing with financial stresses caused by identity theft).


>Certainly part of the blame goes to America's pop culture. Dolla dolla bills, ya'll.  At what point in time did people not like to make more money?  I mean, if someone else is offering higher compensation, you should likely consider shifting jobs; it means that somewhere there's a higher need of you.


While you are required to do so as others have said, it's actually in your interest to do so. In a recent article at GlobeInvestor, Tim Cestnick discusses the benefits of filing tax returns for teens. This situation may or may not apply to you but the message is the same. The main benefits are (1) create RRSP contribution room and (2) be eligible for GST/HST credits and other possible one-shot credits (think oil royalty surplus cheques in Alberta). Excerpt: You see, when Lincoln was 14, he filed a tax return and reported $2,000 of income that year. He paid no tax thanks to the basic personal tax credit, but he created $360 of RRSP contribution room that year. Beginning in 2003, Lincoln started working part-time in his father's business. His father agreed to pay him $6,000 each summer to work in the business, to help save money for university. Lincoln didn't pay any tax on the money he earned in those summers because his basic personal tax credit was always higher than his earnings. In addition, Lincoln added to his RRSP contribution room simply by filing a tax return each year.


"The percentage of market share alone isn't determinative of whether an illegal monopoly exists, and it's theoretically possible to violate antitrust law with as little as 50% market share. Specifically U.S. courts have interpreted the Sherman Antitrust Act, Section Two, to mean that [""A market share greater than 75 percent indicates monopoly power, a share less than 50 percent does not, and shares between 50 and 75 percent are inconclusive in and of themselves.""](http://law.jrank.org/pages/10247/Sherman-Anti-Trust-Act-Monopolies.html)"


"Hi Amy,  thank you for your article.  Got to say however that I tend to disagree.  I've been through the venture rabbit hole a number of times.  Each one was an experience I'll never forget and wouldn't trade for anything.  I learned so much more about how the business world actually works (or...doesn't) than I would have at some more established company.    That said, I am also quite sour on the whole VC thing and at my most recent startup we've foregone outside investors and bootstrapped things from the get go.  It was probably the best decision we made because it allowed us to be flexible in our strategy and not always beholden to the ""quick exit"" that VC money always drives.     However, I realize that not all businesses can be like ours.  We started off as a consulting company and moved into build products as our cash reserve grew.  If we had wanted to do something big, or fast, or perhaps manufacture something, we would never have had the capital to get it going.  Those types of business *need* outside funding, and generally it's only VCs who are willing to take the 1 in 20 bet that startups usually entail.  For that, I'm glad that VCs are there, and think they provide a very valuable service and part of our economy.  I just don't ever want to have to deal with them again..."


Presumably, some of the selling pressure could be from insiders who have been locked up for a while and now that they've gone public, they're cashing out.   The problem with snapchat is that unlike when facebook went public, it does not stand alone. Facebook wasn't really fighting anyone for dominance when it went public - it had already won the war and just had to prove its ability to generate a profit. Snapchat is directly in Facebook's crosshairs (instagram) which makes it a tougher situation because not only do they have to prove profitability, they have to fight facebook while doing it.


It is a good idea to keep the receipts. The reason being that the dispensation from the ATM and the debit to the account are async process. There are multiple handshakes during this process between the hardware of the ATM, the software controlling the ATM and the core banking software. like any software programming, there are chances of errors, ie amounts being debit wrong due to bugs, or duplicate of transactions being posted. Altough such errors would normally get caught during recon between the ATM software and the Core Banking postings, its advisable to keep the receipts and verify erroneous debits. In such cases, the receipts would provide additional information required by the Bank to rectify the errors promptly.


Well, from what I have heard, the pass is 60%.  Evidently, I am going to try to get a lot better but since I am still new to Finance, trying to put all the pieces together can be a bit of a challenge.  More studying would help that I assume.


"When you compare the costs of paying your current mortgage with the rental income from the flat, you're not really comparing like with like. Firstly, the mortgage payments are covering both interest and capital repayments, so some of the 8k is money that is adding to your net worth. Secondly, the value of the flat (130k) is much more than the outstanding mortgage (80k) so if you did sell the flat and pay off the mortgage, you'd have 50k left in cash that could be invested to provide an income. The right way to compare the two options is to look at the different costs in each scenario. Let's assume the bigger house will cost 425k as it makes the figures work out nicely. If you buy the bigger house with a bigger mortgage, you will need to borrow 50k more so will end up with a mortgage of 130k, and you will still have the 8k/year from the flat. Depending on your other income, you might have to pay tax on the 8k/year - e.g. at 40% if you're a higher-rate taxpayer, leaving you with 4.8k/year. If you sell the flat, you'll have no mortgage repayments to make and no income from the flat. You'll be able to exactly buy the new house outright with the 50k left over after you repay the mortgage, on top of your old house. You'd also have to pay some costs to sell the flat that you wouldn't have to with the bigger mortgage, but you'd save on the costs of getting a new mortgage. They probably aren't the same, but let's simplify and assume they are. If anything the costs of selling the flat are likely to be higher than the mortgage costs. Viewed like that, you should look at the actual costs to you of having a 130k mortgage, and how much of that would be interest. Given that you'll be remortgaging, at current mortgage rates, I'd expect interest would only be 2-3%, i.e around 2.5k - 4k, so significantly less than the income from the flat even after tax. The total payment would be more because of capital repayment, but you could easily afford the cashflow difference. You can vary the term of the mortgage to control how much the capital repayment is, and you should easily be able to get a 130k mortgage on a 425k house with a very good deal. So if your figure of 8k rent is accurate (considering void periods, costs of upkeep etc), then I think it easily makes sense to get the bigger house with the bigger mortgage. Given the tax impact (which was pointed out in a comment), a third strategy may be even better: keep the flat, but take out a mortgage on it in exchange for a reduced mortgage on your main house. The reason for doing it that way is that you get some tax relief on the mortgage costs on an investment property as long as the income from that property is higher than the costs, whereas you don't on your primary residence. The tax relief used to just be at the same tax rate you were paying on the rental income, i.e. you could subtract the mortgage costs from the rental income when calculating tax. It's gradually being reduced so it's just basic rate tax relief (20%) even if you pay higher-rate tax, but it still could save you some money. You'd need to look at the different mortgage costs carefully, as ""buy-to-let"" mortgages often have higher interest rates."


Ouch. In that case, I'm surprised the company is big enough to support a true treasury team. I would guess that it would be more of a cash management role with less opportunity for investing cash or dipping much into bond markets.


Somewhat.  The balance sheet will include liabilities which as Michael Kjörling points out would tell you the totals for the debt which would often be loans or bonds depending on one's preferred terminology.  However, if the company's loan was shorter than the length of the quarter, then it may not necessarily be reported is something to point out as the data is accurate for a specific point in time only. My suggestion is that if you have a particular company that you want to review that you take a look at the SEC filing in full which would have a better breakdown of everything in terms of assets, liabilities, etc. than the a summary page.  http://investor.apple.com/ would be where you could find a link to the 10-Q that has a better breakdown though it does appear that Apple doesn't have any bonds outstanding.  There are some companies that may have little debt due to being so profitable in their areas of business.


46 years for Fred Smith - this is quite a feat. Jeff Bezos is exactly half that at 23 years.  Incredible what Fred did in all those years to build up FedEx and how to company has changed the world. Though, what an awesome job it'd have been to be a runner before FedEx - catching overnight flights to deliver an envelope.  Speaking to shipping, I'd say Smith has had the biggest impact since Malcom McLean pioneered the shipping container.


"Agreed. More so, the behavior of these organizations in the past probably justifies a cynical reception and the idea that these things are going to be used for purposes beyond the stated.  It also creates a problem of ""you manage what you can measure"". Is physically being at your desk tied to productivity? Better hope so, if you are managing to it, or are you accidentally creating a culture that incentivizes not networking, not having meetings, and not communicating where organizational knowledge decays and vanishes in favor of sitting at your desk on reddit?  You know, in theory."


> I just think it's bad for one company to have so much influence over our ag industry. We should split them up along with many other large global corporations.  I work in Ag and I honestly don't know what everyone's issue really is with them. You don't HAVE to buy their seed. And we need seed companies that develop new ones that stay ahead of diseases etc.  And before anyone goes off about the farmers that get sued by Monsanto for saving seed,[ the Supreme Court ruled 9-0 in Monsanto's favor because those farmers blatantly violating patent law.](http://www.npr.org/sections/thetwo-way/2013/05/13/183603368/supreme-court-rules-for-monsanto-in-case-against-farmer)


When a stock is ask for 15.2 and bid for 14.5, and the last market price was 14.5, what does it mean? It means that the seller wants to sell for a higher price than the last sale while the buyer does not want to buy for more than the last sale price. Or what if the last price is 15.2? The seller is offering to sell for the last sale price, but the buyer wants to buy for less.


When Obama came into office we were running a roughly $1.16 trillion deficit, and when he left office it was only $600 billion.  Yes, the total debt kept going up because he never got that number to zero, but he made a lot of progress.  Trump, by contrast, seems determined to blow up the deficit, just has the last Republican president did.  And the Republican before that.  And the Republican before that...  EDIT: Thanks for the gold kind stranger!


Fair point, but I'd submit to you that the European system has demonstrated its flaws. You claim it is better than the U.S. system, which in terms of ease, quality or value, is probably the case.   But, the unsustainable costs in the Eurozone are driven by healthcare and entitlement programs, similar to the U.S. and other developed nations. What happens when Greece, Italy, Spain and Portugal are forced to default or leave the Euro? Do you think the healthcare quality, ease and value will remain as it has been?


Di MASAI AUTO CITY kami telah membangunkan satu sistem yang unik untuk mencari kereta terpakai yang anda cari. Kami mempunyai beribu-ribu tawaran kereta terpakai untuk dipilih, tetapi di atas semua, sistem penilaian yang menilai sama ada atau tidak harga kenderaan, berkenaan dengan ciri-cirinya, berada di pasaran. Dan seperti yang kita tahu, anda boleh membeli kereta mudah. Jika anda mempunyai keraguan tentang harga, anda boleh mengakses penilai harga kami di sini. Kami sangat prihatin terhadap iklan kereta yang digunakan yang kami miliki dan itulah sebabnya kami menyemak semuanya secara manual sebelum menerbitkannya.


[Who Killed the USPS?](http://www.theatlantic.com/business/archive/2011/12/who-killed-the-postal-service/249508/?google_editors_picks=true)  >The Postal Service Reorganization Act was intended to transform the mail system from a dysfunctional dumping ground for political patronage into a self-sustaining, independent agency. It was told, in other words, to act like a business. But the politicians never really let it.


I don't think this is always true, it really depends on the quantities you're looking for and the markets you're in. Sounds like this guy is dabbling in many markets trying to find out the good niches, therefore he's not going all in on anything. In the article he addresses the fact that some of these shops will sometimes have more orders/connections and therefore more leverage than you might if going directly to the manufacturer. I also wouldn't be surprised at all if many manufacturers, especially the uber-cheap ones, don't feel comfortable talking directly to westerners... their expertise is making stuff cheap, not in communications.


Every reward program has to have a funding source. If the card gives you x percent back on all purchases. That means that their business is structured to entice you to pump more transactions through the system. Either their other costs are lower, or the increased business allows them to make more money off of late fees, and interest. If the card has you earn extra points for buying a type of item or from a type of store (home stores improvement in the Spring), they are trying to make sure you use their card for what can be a significant amount of business during a small window of time. Sometimes they cap it by saying 5% cash back at home improvement stores during the spring but only on the first $1500 of purchases. That limits it to $75 maximum. Adding more business for them, makes more money for them. Groceries and gas are a good year round purchase categories. Yes there is some variation depending on the season, and the weather, but overall there is not an annual cliff once the season ends. Gas and groceries account for thousands of dollars a year these are not insignificant categories, for many families are recession proof. If they perceive a value from this type of offer they will change their buying behavior.  My local grocery store has a deal with a specific gas station. This means that they made a monetary deal. Because you earn points at the grocery store and spend points at the gas station, the grocery store is paying some compensation to the gas station every time you use points. The gas station must be seeing an increase in business so theoretically they don't get 100% compensation from the grocery store.  In cases where credit cards give airline miles, the credit card company buys the miles from the airline at a discount because they know that a significant number of miles will never be used.


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I do appreciate the explanation.  I was being a bit facetious about hotdogs in that I don't buy the SAME hotdog over and over again.    But seriously, I still don't see why rising house prices shouldn't count towards inflation.   100s of thousands of homes are bought per day affecting millions of consumers per day.  The price fluctuations in housing absolutely affect the spending habits of consumers in every other facet of the economy.  Or put another way, what if in some wacky world everyone stopped buying virtually all other items except bare essentials because they were all focused on buying homes.  A huge construction industry boom ensues. Millions are working building homes.  Home prices skyrocket 1000% and become like 80% of GDP.  Is inflation dead? Or has it just shifted to another asset under our typical inflation radar?  Living costs are still very much affected by housing in this scenario.  They're just affected by millions of separate people at once each day.   To say that because one person doesn't repeat buy housing too often, means policy regarding inflation should be ignorant of housing prices, just isn't right.  That they are bought and sold by millions of consumers each month is just as important to the economy as food, energy, or any other major facet of our economy. In any event, inflation might be lagging, but it sure as hell isn't lagging when it comes to housing.


Unless you can have your savings earning more than the transfer fees, you should just pay the credit cards off before the interest free period ends. Also, there is the difficulty in finding new cards offering 0% interest continuously. You are better off paying off all your bad debt as soon as possible, start saving and investing, instead of wasting your time and energy trying to find new offers of 0% for your transfers before it expires. Rule of Thumb: Get rid of your Bad Debts as soon as possible; Keep your Good Debts as long as possible (as long as you can afford them).


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Yes timing does matter. Using a simple Rate of Change indicator over the past 100 days and smoothed out with a 50 day Moving Average, I have plotted the S&P 500 since the start of 2007.  The idea is to buy when the ROC indicator crosses above the zero line and sell when the ROC indicator crosses below the zero line. I have compared the results below of timing the markets from the start of 2007 to dollar cost averaging starting from the start of 2007 and investing every 6 months. $80k is invested in both cases.  For the timing the market option $80k was invested at the start of 2007, then the total figure was sold out when a sell signal was given, then the total amount reinvested when a new buy signal was given. For the DCA option $5000 was invested every 6 months starting from the start of 2007 until the last investment at the start of July 2014. The results are below:  Timing the markets results in more than double the returns (not including dividends and brokerage). Edit It has been brought up that I haven't considered tax in my Timing the Market option. So I have updated my timing the market spread-sheet to take into account both long-term and short-term CGT in the USA for someone on the highest tax bracket. The results are below:  The result is still almost a 2x higher returns for the timing the markets option.  Also note that even with the DCA option you will have to sell one day and pay CGT on any profits there. However, the real danger with the DCA option is if you need to sell during a market downturn and not make any profits at all.


Depending on your local laws, such a layoff may be an unlawful act. If the whole purpose of the lay-off is to strip the employees of their RSU's, the employer may be liable and get sued. However, you have to check that with a lawyer licensed in your jurisdiction. In many places there are no laws against this. In any case, you may claim that there was no good faith/just cause in the action and still sue the employer. Mere threat of a lawsuit may thwart the whole deal, so I suggest the employees to lawyer up and talk to the employer. That, by the way, will require to create a union - a representative body for the employees. In some places that by itself may be a just cause for termination (in some extremely anti-union jurisdictions, I would guess if there were some they would be in the US). Bottom line - talk to a lawyer.


I think you severely underestimate the math requirement for finance phds. I took first year metrics with the econ and finance phds at berkeley. Almost all of them had the equivalent of a bachelors, if not a masters, degree in math. You are going to need to go far beyond calculus. At a minimum you should have multivariate calculus, differential equations, linear algebra, and real anaylsis. For example, you'll need real analysis and measure theory for stochastic calculus which would be used for continuous time asset pricing. Real analysis would also be required for first year micro. You'll also need a strong background in probability and statistics for financial econometrics and time series.


This is why it bothers me when State Governors get up there and crow about how they balanced the States Budget.  Really? what are the negative consequences someone else is going to have to bear 10 years down the road?


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The 'normal' series of events when trading a stock is to buy it, time passes, then you sell it. If you believe the stock will drop in price, you can reverse the order, selling shares, waiting for the price drop, then buying them back. During that time you own say, -100 shares, and are 'short' those shares.


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You need to do a few things to analyze your results. First, look at the timing of the deposits, and try to confirm the return you state. If it's still as high as you think, can you attribute it to one lucky stock purchase?  I have an account that's up 863% from 1998 till 2013. Am I a genius? Hardly. That account, one of many, happened to have stocks that really outperformed, Apple among them.  If you are that good, a career change may be in order. Few are that good. Joe


Earned income is earned income.  You can put your bonus in a tax-advantaged account, or not, just like you can put your salary in a tax-advantaged account, or not.  If you don't, it's taxed as ordinary income. Now, it may look like they're taking a ton out of your paycheck, but part of what may be happening is that, for that paycheck, it looks like you're making a whole lot more, so they're withholding a whole lot more based on a probably conservative formula that will make sure you (and they) don't get in trouble with the IRS for underwithholding.  So, if they're taking out too much with this paycheck, you'll get it back when you file your taxes.  Or, you can change your withholding yourself to account for this.


">Jesus you're impossibly dense.  Your quickness to repeatedly resort to *ad hominem* reveals the weakness of your points.  >Then why did you write the quote below? What is the point of bringing up city workers that are not involved in the article unless you believe that the cops in the article are city workers? The only other reason would be to mislead the reader.  You were the one who implied that the politics of city residents had anything to do with control of the Port Authority in your first post in this thread.  >Are you serious? NYC has 8mm of the 19mm NY state residents. This equates to almost half of the votes in statewide races, not to mention the majority of the political funding. This has a large bearing on who gets elected to statewide office.  It has no bearing on control of the statewide government, because the way that the districts are gerrymandered ensure that the Assembly is always in the hands of the Democrats and the Senate is virtually always in the hands of the Republicans. The Governor's office has been evenly split over the last 20 years.  >To imply that the executive director for the last 5 years should shoulder some of the blame is disingenuous? Who is to blame then? The last executive director, Anthony Shorris was also appointed by a democrat. You're going to have to do a lot of lying and reaching to falsely blame this on a republican. You've clearly made up your mind without knowing any of the facts, and are too stubborn to learn from reality. Pretty sad. You also seem to have a very high standard for other people's posts while you outright lie in yours.  Again, *ad hominem*. But I'll ignore that for now, because you also resort to a straw man. I never ""blamed this on Republicans"" or suggested that the director of the last 5 years doesn't share some of the blame. I merely refuted your ridiculous assertion that the political leanings of the city's residents were what was responsible here. By design, the city residents have little control over the Port Authority.   *EDITED for spelling and formatting."


Patrick Byrne (CEO of Overstock.com) ran a somewhat interesting website awhile back called 'Deep Capture' which focused heavily on naked short selling and bear raids. He was called all sorts of names and many 'serious' journalist types brushed his allegations off.   His basic argument was that a cabal of hedge funds would simultaneously naked short a specific equity and then a coordinated group of journalists and message board jockeys would disparage the company as loudly and publicly as possible, driving the price down. Naked shorting is supposed to be illegal since you can hold the types of positions like in the linked article about Citigroup where the number of shares sold short actually exceeds the number of shares in existence.  The group he named was essentially a who's who of hedge funds and fraudsters and included many names of prominent politically active 'reformed' criminals from the S&L days on Wall St. I can't remember how the cards fell, but the scheme allegedly involved Michael Milliken, Sam Antar (from Crazy Eddie's Fraud), Gary Weiss, Jim Cramer, etc etc.   It was a fascinating story.   Byrne actually followed through with several lawsuits (one of which was settled after a Rocker Partners paid Byrne $5 million dollars to settle).   The 'Deep Capture' site is down, but I [found a decent article](http://www.theregister.co.uk/2008/10/01/wikipedia_and_naked_shorting/print.html) that sums up some of the shenanigans, including a journalist sock-puppeting to edit Wikipedia, repeatedly denying it, being IP-traced to inside the DTCC building (the Wall St. entity responsible for clearing trades, including naked shorts).


"The only way to know the specific explanation in your situation is to ask your employer. Different companies do it differently, and they will have their reasons for that difference. I've asked ""But why is it that way?"" enough times to feel confident in telling you it's rarely an arbitrary decision.  In the case of your employer's policy, I can think of a number of reasons why they would limit match earnings per paycheck: Vesting, in a sense - Much as stock options have vesting requirements where you have to work for a certain amount of time to receive the options, this policy works as a sort of vesting mechanism for your employer matching funds. Without it, you could rapidly accumulate your full annual match amount in a few pay periods at the beginning of the year, and then immediately leave for employment elsewhere. You gain 100% of the annual match for only 1-2 months of work, while the employees who remain there all year work 12 months to gain the same 100%. Dollar Cost Averaging - By purchasing the same investment vehicle at different prices over time, you can reduce the impact of volatility on your earnings. For the same reason that 401k plans usually restrict you to a limited selection of mutual funds - namely, the implicit assumption is that you probably have little to no clue about investing - they also do other strategic things to encourage employees to invest (at least somewhat) wisely. By spacing their matching fund out over time, they encourage you to space your contributions over time, and they thereby indirectly force you to practice a sensible strategy of dollar cost averaging. Dollar Cost Averaging, seen from another angle - Mutual funds are the 18-wheeler trucks of the investment super-highway. They carry a lot of cargo, but they are difficult to start, stop, or steer quickly. For the same reasons that DCA is smart for you, it's also smart for a fund. The money is easier to manage and invest according to the goals of the fund if the investments trickle in over time and there are no sudden radical changes. Imagine if every employer that does matching allowed the full maximum match to be earned on the first paycheck of the year - the mutual funds in 401ks would get big balloons of money in January followed by a drastically lower investment for the rest of the year. And that would create volatility. Plan Administration Fees - Your employer has to pay the company managing the 401k for their services. It is likely that their agreement with the management company requires them to pay on a monthly basis, so it potentially makes things convenient for the accounting people on both ends if there's a steady monthly flow of money in and out. (Whether this point is at all relevant is very much dependent on how your company's agreement is structured, and how well the folks handling payroll and accounting understand it.) The Bottom Line - Your employer (let us hope) makes profits. And they pay expenses. And companies, for a variety of financial reasons, prefer to spread their profits and expenses as evenly over the year as they can. There are a lot of ways they achieve this - for example, a seasonal business might offer an annual payment plan to spread their seasonal revenue over the year. Likewise, the matching funds they are paying to you the employees are coming out of their bottom line. And the company would rather not have the majority of those funds being disbursed in a single quarter. They want a nice, even distribution. So once again it behooves them to create a 401k system that supports that objective. To Sum Up Ultimately, those 401k matching funds are a carrot. And that carrot manipulates you the employee into behaving in a way that is good for your employer, good for your investment management company, and good for your own investment success. Unless you are one of the rare birds who can outperform a dollar-cost-averaged investment in a low-cost index fund, there's very little to chafe at about this arrangement. If you are that rare bird, then your investment earning power likely outstrips the value of your annual matching monies significantly, in which case it isn't even worth thinking about."


I'm not sure I'd say the assets they had were worthless. One of the big controversies was whether it was a solvency crisis (bad assets) or a liquidity crisis (fine assets, but if everyone sells illiquid assets there's a fire sale problem).   The US and Buffett bet it was a liquidity crisis, and they were proven right.


>Oh, but when you look at PayPal and VISA/MasterCard, there's like one. Or two.  Yeah, no. I work in credit card processing, PayPal isn't even the largest, let alone the only processing company, nor is it the only way (or even the safest or best way) to make online purchases.   And Visa/Mastercard don't control the issuing of cards to individuals, banks do. Every credit card is issued by a bank.  >Denying legal use of money in a de facto monopoly is to me not morally better than denying legal use of money in a public utility monopoly.  No one is denying legal use of money and PayPal is nowhere close to having a monopoly.


There are statutes of limitations on how long they can wait before coming after you.  14 years certainly exceeds it, which I believe means you are not legally required to pay. statutes of limitations by state The most likely scenario is that this is a scam.  Second most likely is that this is a collections agency trying to trick you into paying even though they don't have legal authority to force you.  In that case if you do pay them anything, then the statute of limitations restarts and they can legally start giving you trouble, so definitely don't do that. If they keep harassing you, you can probably take legal action against them.  That's the worst case scenario, though.  I'd just ignore them. At this point, if they are legally entitled to any money, which I highly doubt, they will need to take you to court.  They are not going to do that over $1000. Blocking their number might be a reasonable idea. I would doubt whether they can even do anything to your credit rating over this issue.  If you are worried about your credit, you can check your oustanding debts and negative incidents at www.annualcreditreport.com and see if you see anything.  I would be surprised. Edit: You might read up about time-barred debts (assuming it's not a scam.  I still think it is). FTC page on time-barred debt


Having both purchased income properties and converted prior residences into rental properties I have found that it is difficult to get the banks to consider the potential rental income in qualifying you for a loan.  It helps if you have prior rental experience but in many cases you will have to qualify outright (i.e. without consideration of the potential income).  The early 2000s were great for responsible borrows/investors but today's regulations make it much more difficult to finance income property.


"Pure nothingness.   Google says ""We see ourselves as an urban innovation platform, ""  ""make use of dynamic signage, flexible street furniture and guidance from smartphone apps … to create better pedestrian flow.""  This is all hype nothingness imo."


You want to buy a house for $150,000.  It may be possible to do this with $10,000 and a 3.5% downpayment, but it would be a lot better to have $40,000 and make a 20% downpayment.  That would give you a cushion in case house prices fall, and there are often advantages to a 20% downpayment (lower rate; less mandatory insurance).   You have an income of $35,000 and expenses of $23,000 (if you are careful with the money--what if you aren't?).  You should have savings of either $17,500 or $11,500 in case of emergencies.  Perhaps you simply weren't mentioning that.  Note that you also need at least $137 * 26 = $3562 more to cover mortgage payments, so $15,062 by the expenses standard.  This is in addition to the $40,000 for downpayment and closing costs.   What do you plan to do if there is a problem with the new house, e.g. you need a new roof?  Or smaller expenses like a new furnace or appliance?  A plumbing problem?  Damages from a storm?  What if the tenants' teenage child has a party and trashes the place?  What if your tenants stop paying rent but refuse to move out, trashing the place while being evicted?  Your emergency savings need to be able to cover those situations.   You checked comps (comparable properties).  Great!  But notice that you are looking at a one bathroom property for $150,000 and comparing to $180,000 houses.  Consider that you may not get the $235 for that house, which is cheaper.  Perhaps the rent for that house will only be $195 or less, because one bathroom doesn't really support three bedrooms of people.   While real estate can be part of a portfolio, balance would suggest that much more of your portfolio be in things like stocks and bonds.  What are you doing for retirement?  Are you maxing out any tax-advantaged options that you have available?  It might be better to do that before entering the real estate market.   I am a 23 year old Australian man with a degree in computer science and a steady job from home working as a web developer. I'm a bit unclear on this.  What makes the job steady?  Is it employment with a large company?  Are you self-employed with what has been a steady flow of customers?  Regardless of which it is, consider the possibility of a recession.  The company can lay you off (presumably you are at the bottom of the seniority).  The new customers may be reluctant to start new projects while their cash flow is restrained.  And your tenants may move out.  At the same time.  What will you do then?   A mortgage is an obligation.  You have to pay it regardless.  While currently flush, are you the kind of flush that can weather a major setback?  I would feel a lot better about an investment like this if you had $600,000 in savings and were using this as a complementary investment to broaden your portfolio.  Even if you had $60,000 in savings and would still have substantial savings after the purchase.  This feels more like you are trying to maximize your purchase.  Money burning a hole in your pocket and trying to escape.   It would be a lot safer to stick to securities.  The worst that happens there is that you lose your investment (and it's more likely that the value will be reduced but recover).  With mortgages, you can lose your entire investment and then some.  Yes, the price may recover, but it may do so after the bank forecloses on the mortgage.


Property in general tends to go up in value.  That's one advantage you won't get if you rent.


At this particular time, I would strongly suggest holding on and not bailing.  I've been following this sector pretty closely for 10+ years now.  It has taken an absolute beating since 2011 (up to 90% down in many areas), and has been in a slow downward grind all year.  Given the cyclical nature of the markets, you're far far closer to a long term bottom, and have a much better risk/reward outlook now vs say, four, or even two years ago.  Personally, I'm planning on jumping into the sector heavily as soon as I see signs of a wash-out, desperation low, where people like yourself start selling in panic and frustration.  I may very likely start cost-averaging into it even now, although I personally feel we may get one more major bottom around the spring 2016 time-frame, coupled with a general market deflation scare, which might surprise many by its severity.  But at the same time, the sector might turn up from here and not look back, since I think many share my view and are just patiently waiting, and with so many buyers waiting in support, it may never crash hard.   In any case, I personally feel that we're approaching the cheap buying opportunity of a lifetime in this sector within the next year (precious metals miners that is, base metals may still falter if the economy is still iffy, and just look at the baltic dry index as an indicator of world trade and productivity... not looking so hot).  If you've suffered this long already, and it is just a small portfolio portion, just keep hanging in there.  And by next summer, if we get a confirmed panic low, and a subsequent strong, high-volume, consistent bounce pattern up past summer 2015 levels, then I'd start adding even more on dips and enjoy the ride.


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"First, are you sure that no interest accrues on the student loans until six months after you finish your studies? My understanding is that you have to start paying back the student loans six months after leaving the university, but that doesn't mean no interest accrues in the meantime. My concern about student loans is that life happens and when it happens in an unexpected way, the powers of the student loan companies exceed pretty much everybody else's with the possible exception of the IRS. If you are in a position to be able to pay cash for the tuition then I would cut back the ""lifestyle"", scrimp as much as I can and pay cash. You'll be in a much better position afterwards - for starters, you won't have a student loan payment which means you're in a much better position financially than most of your peers and have a lot more options open. Plus, you're not carrying around a mortgage before you even bought a house."


I do at all from home right now. Im just some kid in college, I manage my parents money (successfully, so far) and the goal is to grow that into enough money that I don't need to work for the industry at all. So far I'm on track. I like to stay optimistic but I'm also realistic. I study deep learning and Ai on the side (since it is generally a Phd level topic, sadly). My majors are Mathematics(stats) and Computational Math Science. IDK, I just do what I love - hopefully it pays off.


Is there any benefit to investing in a Roth 401(k) plan, as opposed to a Roth IRA?  They have separate contribution limits, so how much you contribute to one does not change the amount you can contribute to the other.  Which is relevant to your question because you said  the earnings on that account compounded over the next 40 years growing tax-free will be much higher than what I'd save on current taxes on a traditional 401(k).   This is only true if you max out your contribution limits.  If you start with the same amount of money and have the same marginal tax rate in both years, it doesn't matter which one you pick.   Start with $10,000 to invest.  With the traditional, you can invest all $10,000.  With the Roth, you pay taxes on it and then invest it.  Let's assume a tax rate of 25%.  So invest $7500.   Let's assume that you invest either amount long enough to double four times (forty years at 7% return after inflation is about right).  So the traditional has $160,000 and the Roth has $120,000.   Now you withdraw them.  For simplicity's sake, we'll pretend it's all one year.  It's probably over several years, but the math is easier in a single year.  With the Roth, you have $120,000.  With the traditional, you have to pay tax.  Again, let's assume 25%.  So that's $40,000, leaving you with $120,000 from the traditional.  That is the same amount as the Roth!   So it would make sense to  If you can max out both, great.  You do that for forty years and your retirement will be as financially secure as you can make it.  If you can't max them out, the most important thing is the employer match.  That's free money.  Then you may prefer your Roth IRA to the 401k.   Note that you can also roll over your Roth 401k to a Roth IRA.  Then you can withdraw your contributions from the Roth IRA without penalty or additional tax.  Alternate source.   Beyond answering your question, I would still like to reiterate that Roth or traditional does not have a big effect on your investment unless you max them out or you have different tax rates now versus in retirement.  It may change other things.  For example, you can roll over a Roth 401k to a Roth IRA without paying taxes.  And the Roth IRA will act like it was contributed directly.  You have to check with your employer what their rollover rules are.  They may allow it any time or only at employment separation (when you leave the job).   If you do max out your Roth accounts, then they will perform better than the traditional accounts at the same nominal contribution.  This is because they are tax free while your returns in the other accounts will have to pay taxes. But it doesn't matter until you hit the limits.  Until then, you could just invest the tax savings of the traditional as well as the money you could invest in a Roth.


Are there banks where you can open a bank account without being a citizen of that country without having to visit the bank in person? I've done it the other way around, opened a bank account in the UK so I have a way to store GBP.  Given that Britain is still in the EU you can basically open an account anywhere.  German online banks for instance allow you to administrate anything online, should there be cards issued you would need an address in the country.  And for opening an account a passport is sufficient, you can identify yourself in a video chat.  Now what's the downside?  French banks' online services are in French, German banks' services are in German.  If that doesn't put you off, I would name such banks in the comments if asked. Are there any online services for investing money that aren't tied to any particular country? Can you clarify that?  You should at least be able to buy into any European or American stock through your broker.  That should give you an ease of mind being FCA-regulated.  However, those are usually GDRs (global depository receipts) and denominated in GBp (pence) so you'd be visually exposed to currency rates, by which I mean that if the stock goes up 1% but the GBP goes up 1% in the same period then your GDR would show a 0% profit on that day; also, and more annoyingly, dividends are distributed in the foreign currency, then exchanged by the issuer of the GDR on that day and booked into your account, so if you want to be in full control of the cashflows you should get a trading account denominated in the currency (and maybe situated in the country) you're planning to invest in. If you're really serious about it, some brokers/banks offer multi-currency trading accounts (again I will name them if asked) where you can trade a wide range of instruments natively (i.e. on the primary exchanges) and you get to manage everything in one interface.  Those accounts typically include access to the foreign exchange markets so you can move cash between your accounts freely (well for a surcharge).  Also, typically each subaccount is issued its own IBAN.


"Contact your bank immediately, if you haven't done so already.  They will almost certainly have some sort of ""fraud hotline"" which can take appropriate action."


Anyone can study their ass off and pass an exam. To actually apply that knowledge is a different story entirely, and will determine just how far you can make it in whatever you do.      Besides, a Series 7, while extensive, only scratches the surface on all topics as a whole. None of it goes too far in depth, and the application of it all really depends on the job you're in.


because thats not how insurance works. Yes, they make a profit, but the only reason any single person can get a policy is because there is a pool of people large enough to spread the risk. That means there needs to be healthy people too. The bigger the pool, the lower the cost. If you're still pissy at that point that it's expensive it's not the insurance company at that point, its the actual costs of medical care that are expensive and require a policy as expensive as it is to cover those costs.


"Buying a house is often more emotional than financial. Which makes that kind of advice tough to offer. Staying with the finance side - You wrote ""2 bedrooms is enough for me."" Is it enough for your girlfriend/fiancee? Is she on the same schedule for kids as you are? 2 bedrooms means that with just one child you are less able to host a guest and the second child will need to share the bedroom. Nothing wrong with that, just making sure you are aware of these things. If the long term plan is to move to a new house, a ten year horizon for the second house sounds good to me.  I'll make one brief comment on rent vs buy - it's easy to buy too big and discover you are paying for rooms you don't use. I have a house I'll be glad to get rid of when our daughter goes off to college. A dining room and formal living room go unused save for 3 or 4 days a year. It already sounds like you'll avoid this mistake.  Your question - the right time - when you are ready, with the downpayment, income, and desire to do so. You should at least have a feeling you plan to stay there for a time, else the cost of buying/selling would exceed any potential gain."


First, you need to understand that not  every investor's goals are the same. Some investors are investing for income. They want to invest in a profitable company and use the profit from the company as income. If that investor invests only in stocks that do not pay a dividend, the only way he can realize income is to sell his investment. But he can invest in companies that pay a regular dividend and use that income while keeping his investment intact.  Imagine this: Let's say I own a profitable company, and I offer to sell you part ownership in that company. However, I tell you this upfront: no matter how much profit our company makes, you will never get a penny from me. You will be getting a stock certificate - a piece of paper - and that's it. You can watch the company grow, and you can tell yourself you own it, but the only way you will personally benefit from your investment would be to sell your piece to someone else, who would also never see a penny in profit. Does that sound like a good investment? The fact of the matter is, stocks in companies that do not distribute dividends do have value, but this value is largely based on the potential of profits/dividends at some point in the future. If a company vows never ever to pay dividends, why would anyone invest?  An investment would be more of a donation (like Kickstarter) at that point.  A company that pays dividends is possibly past their growth stage. That doesn't necessarily mean that they have stopped growing altogether, but remember that an expansion project for any company does not automatically yield a good result. If a company does not have a good opportunity currently for a growth project, I as an investor would rather get a dividend than have the company blow all the profit on a ill-fated gamble.


Saneh Cool Care, since its beginning, is known for rendering deliberately executed support and repair administrations for business and mechanical ventilates. Window ventilation system, split AC, and tower AC, are diverse sorts of aeration and cooling systems for that we render upkeep and repair administrations at practical costs.


You'd have to pay a paralegal the first time, but perhaps the second time you wouldn't need to - because you're familiar with the process?  And you could of course, include the cost of seeking a legal remedy to a breech of contract to yours, that you make them sign.


"I considered the ""Prepaid Legal"", but instead tried the LegalZoom business legal plan, and found it to be very good. It doesn't have any ""Membership"" or ""New account"" fees, you pay each month for the month, and if you prepay for half a year or a year - they throw in a nice discount (15%). So far I'm subscribed for less than a month, and had 2 attorney consultations and a document review. Although they didn't tell me anything I didn't know already, seems to be very cost-effective considering most people don't have sufficient legal knowledge or the ability to research. It is, as @duffbeer703 mentioned, not an insurance, and if a legal matter arises that requires representation, their plan has almost no coverage, only discounts (as opposed to ""Prepaid legal"" plan that on the paper does have some representation). But to have 2-3 attorney consultations for $30 is definitely a bargain."


Full Height Swing Door Metal Cabinet suitable for office use is offered at S$219.00 inclusive of delivery and prevailing GST. Other metal cabinets offered includes 4 drawers filing cabinet at S$189.00 Nett, Metal Mobile Pedestal at S$149.00 Nett. Please call +65 62933113 or email: sales@lizo.com.sg for more details.


It is absolutely worth it.  My wife and I have two of these accounts (different banks).  We are required to use our cards 20 times for one bank, and 15 for the other.  We have yet to miss the required transactions in a month (over 15 months of use now), and are actually considering getting a third account.  Between the two of us, we simply have to use our card on average once a day. Getting gas? Use your debit card. Getting stamps? Use your debit card? Self checkout? Use your debit card twice. Eating out? Use your debit card. If married, split the bill. As soon as we reach the minimum, we stop using the debit cards and switch to credit cards to further boost the rewards.  Maybe it's easier for us since we don't have kids and are out a lot, but 12 transactions is really simple to obtain.  We receive ~$100 a month from our two accounts, all for doing something we already do.


Two possibilities:


"I have been in a very similar place like that before (as an intern) and got the hell out quickly.  Let me try to paint a picture.  On the 12th floor of a random NYC midtown building there will be a large office floor with long desks in several rows.  Around the outside against the windows will be maybe some empty conference rooms, random senior people you won't be allowed to talk to, and a poor, miserable compliance guy stuck in a backoffice somewhere.  Each desk will have a phone and a call sheet.  There wont be many computers anywhere - maybe one Bloomberg machine in the back.  Every single person in there is on the phone.  In fact, that will be your job.  Starting at 7:45 sharp, you will be at your desk.  At 8 oclock, you will start dialing the call sheet put on your desk.  If it is a bunch of residences, you will get angry house wives because their husbands are at work (dont ""pitch the bitch""). Next call, you will get someone that passed away 2 years ago - mark your sheet ""dead"" and cross out as you are dialing the next number.  If you manage to get someone that answers their own phone at work and listens to a pitch, you will now get the opportunity to give a grandiose pitch on why a mid market, dividend paying stock is fantastic and should be bought now.  ""Now"" as in you have to open a brokerage account on the first call for no less than a $5k trade.  You will pitch them on why they dont need to ask their wife, why you will bring them great ideas.  Ask them what is their net worth - have they ever hired a broker over the phone (qualify them) or get hung up on.  Anything short of them threatening to call the SEC and cursing you before hanging up means you will be sure to call them again (a prospect actually picking up the phone is about a 1 in 20 dial event)  People just slamming the phones on you? - Call them back for fun because you ""got disconnected"".    If you ever manage to get a client, you will be charging them enormous percentages and fees to do simple trades. But dont worry, you probably wont get a client in the first 2 months, and even if you manage to get clients it will be maybe one or two a month.  Think about the sheer volume of calls you have to make - 300 - 400 calls a day is probably a normal pace.   You will meet the most insane people.  People will go down for lunch or coffee and never return to the office.  Most of the people there you wonder how they ever passed a series 7.  There are people that fail the 7 3 times and quit.  There will be a guy that opens 10 accounts a month and actually will be talking with two phones up to his ears at once.          This is the definition of a high pressure sales job."


I, for one, am very surprised that Tesla doesn't have a warranty exception for high mileage commercial use.  Tesloop's cars rack up over 75000 miles per year at the low end.  Sure, the data collected is valuable for product durability testing and Autopilot mapping right now, but there has to be a limit somewhere.


Edgar Online is the SEC's reporting repository where public companies post their forms, these forms contain financial data Stock screeners allow you to compare many companies based on many financial metrics. Many sites have them, Google Finance has one with a decent amount of utility


Just moved to a new apartment. Lots of home good stuff on sale. Didn't really get anything that would make the heart sing, but I saved on some new dish towels and under shirts. That's good enough for me.


Here is a quick and dirty explanation of options. In a nutshell, you pay a certain amount to buy a contract that gives you the right, but not the obligation, to buy or sell a stock at a predetermined price at some date in the future. They come in a few flavors:  I'll give you $100 if you let me buy 10,000 shares of XYZ for $10 more   per share than it is trading at today any time before   August 10th. I'll give you $100 if you promise to buy 10,000 shares of XYZ from me   for $10 less per share than it is trading at today if I ask before August 10th. There are also two main types based on the expiration behavior:  There are lots of strategies that employ options, too many to go into.  Two key uses are.. Leverage: Buying Call options can give you a much higher return on your investment than just investing in the actual stock. However, with much higher risk of losing all of your investment instead of just some of it when the stock drops. Hedging: If you already own the underlying stock, put options can be used to buy down risk of serious drops in a holding.


"The balance sheet for a bank is the list of assets and liabilities that the bank directly is responsible for.  This would be things like loans the bank issues and accounts with the bank. Banks can make both ""balance sheet"" loans, meaning a loan that says on the balance sheet - one the bank gains the profits from but holds the risks for also.  They can also make ""off balance sheet"" loans, meaning they securitize the loan (sell it off, such as the mortgage backed securities). Most major banks, i.e. Chase, Citibank, etc., could be called ""balance sheet"" banks because at least some portion of their lending comes from their balance sheet.  Not 100% by any means, they participate in the security swaps extensively just like everyone does, but they do at least some normal, boring lending just as you would explain a bank to a five year old.  Bank takes in deposits from account holders, loans that money out to people who want to buy homes or start businesses. However, some (particularly smaller) firms don't work this way - they don't take responsibility for the money or the loans.  They instead ""manage assets"" or some similar term. I think of it like the difference between Wal-Mart and a consignment store.  Wal-Mart buys things from its distributors, and sells them, taking the risk (of the item not selling) and the reward (of the profit from selling) to itself.  On the other hand, a consignment store takes on neither: it takes a flat fee to host your items in its store, but takes no risk (you own the items) nor the majority of the profit. In this case, Mischler Financial Group is not a bank per se - they don't have accounts; they manage funds, instead.  Note the following statement on their Services page for example: Mischler Financial Group holds no risk positions and no unwanted inventory of securities, which preserves the integrity of our capital and assures our clients that we will be able to obtain bids and offers for them regardless of adverse market conditions. They're not taking your money and then making their own investments; they're advising you how to invest your money, or they're helping do it for you, but it's your money going out and your risk (and reward)."


**Here's a sneak peek of /r/greed using the [top posts](https://np.reddit.com/r/greed/top/?sort=top&t=year) of the year!**  \#1: [Donald Trump set to completely scrap US consumer protection agency, says man expected to lead it - Former Texan Congressman says his Republican colleagues want the Consumer Financial Protection Bureau to be completely dismantled • r/CornbreadLiberals](https://np.reddit.com/r/CornbreadLiberals/comments/5zix4u/donald_trump_set_to_completely_scrap_us_consumer/) | [2 comments](https://np.reddit.com/r/greed/comments/5zixub/donald_trump_set_to_completely_scrap_us_consumer/)   \#2: [GOP lawmakers snap up surging health insurance stocks as they gut Obamacare](https://boingboing.net/2017/07/08/the-stock-act.html) | [0 comments](https://np.reddit.com/r/greed/comments/6m8t10/gop_lawmakers_snap_up_surging_health_insurance/)   \#3: [Wells Fargo fired 5,300 workers for illegal sales push. Executive in charge retiring with $125 million.](https://www.washingtonpost.com/news/wonk/wp/2016/09/13/wells-fargo-fired-5300-workers-for-illegal-sales-push-executive-in-charge-retiring-with-125-million/) | [4 comments](https://np.reddit.com/r/greed/comments/52kbr8/wells_fargo_fired_5300_workers_for_illegal_sales/)  ---- ^^I'm ^^a ^^bot, ^^beep ^^boop ^^| ^^Downvote ^^to ^^remove ^^| [^^Contact ^^me](https://www.reddit.com/message/compose/?to=sneakpeekbot) ^^| [^^Info](https://np.reddit.com/r/sneakpeekbot/) ^^| [^^Opt-out](https://np.reddit.com/r/sneakpeekbot/comments/6l7i0m/blacklist/)


Nice work saving. If you do find yourself in a relationship or with children, you'll be glad you saved now; family members increase the expenses ;-) Some observations large and small, no conclusions, I bet it would be awesome to do the world travel and the startup, and get a ton out of those. The money you've saved gives you the freedom to do all that great stuff that matters.


From MyFICO: A foreclosure remains on your credit report for 7 years, but its impact to your FICO® score will lessen over time. While a foreclosure is considered a very negative event by your FICO score, it's a common misconception that it will ruin your score for a very long time. In fact, if you keep all of your other credit obligations in good standing, your FICO score can begin to rebound in as little as 2 years. The important thing to keep in mind is that a foreclosure is a single negative item, and if you keep this item isolated, it will be much less damaging to your FICO score than if you had a foreclosure in addition to defaulting on other credit obligations. (personal note - I tip my hat to you, sir. Regardless of party, we owe our Vets a debt of gratitude. If I had my way, a VA loan would ignore the past short sale. I wish you well. And thank you for serving)


I am close to retirement and sell cash secured puts and covered calls on a regular basis.  I make 15 % plus per year from the puts.  Less risky than buying stocks, which I also do.  Riskier than bonds, but several times the income. Example:  I owned 4,000 shares of XYZ, which I bought last year at 6.50 and was at 7.70 two months ago.  I sold 3,000 shares, sold 10 Dec puts @ 7.50 (1,000 shares) for $.90 per share and sold 10 Dec calls at 10.00 for $.20.  Now I had cash from the sale of 3,000 shares ($23,100) plus $900 cash from the sale of the puts, plus $200 cash from the sale of the calls.  Price is now at 6.25.  Had I held the 4,000 shares, I would be down $5,800 from when it was 7.70. Instead, I am down $1,450 from the held 1,000 shares, down $550 on the put and up $200 on the calls.  So down $1,800 instead of down $5,800.  I began buying XYZ back at 6.25 today.


Yes there will be enough liquidity to sell your position barring some sort of Flash Crash anomaly. Volume generally rises on the day of expiration to increase this liquidity. Don't forget that there are many investment strategies--buying to cover a short position is closing out a trade similar to your case.


I like Home Depot's exclusive products.  Amazon doesn't have them and if they do, they're a huge mark up.  I guess it's your choice to overpay by hundreds of dollars because one time a support rep stroked your ego.


Normally, except this is 160 characters or less. Twitter is basically free public SMS, not that dissimilar to WhatsApp. Except WhatsApp has an annual fee, and twitter is free. And twitter makes money... How? See, Facebook is a huge platform that wants to know everything about everyone which is extremely valuable to marketers. I can't tick a button on Facebook, or like a post, without it affecting the ads. But twitter? No ads. No marketing information... Hence as a business, the concept is fantastic but revenue poor. If I was them, I most likely would have accepted the $500 million dollar offer from Facebook, as they have the Information and the money that twitter doesn't have, and probably never will.


"Actually I think the TL;DR is ""Don't rush to fill a position out of desperation, wait for someone who's the right fit. Hiring the wrong person quickly is way more costly than waiting.""  It is a click-baity title, but I think the most glaring offense for me is actually the idea that they're glorifying someone who's personally interviewed every person at the company, which incidentally is only 70 people. For as many people out there that think this is an amazing feat of entrepreneurism - really getting in there with his hands on even the fine grained details - you can find just as many people who will think this is quaint and know it won't scale.  When he's at 500 or 1000 employees is his time really best spent doing this?  I actually think the diversity you'd get by allowing a team freedom to hire after a certain point would be more beneficial provided they have a grasp on corporate culture."


"Wait, are you telling me that some guy is pushing a bill that would ENHANCE transparency in business and make it harder for the ""job creators"" to get away with fraud? Well i guess we know which way the republicans are going to be voting... The conservatives will be voting against such ""government overreach"""


"> these casual chains blame Millennials.   Generation X here.  I mentioned it in another comment, but I last went to BWW a few years ago and had a lunch ""special.""  It wasn't so special.  I don't remember exactly what it was, but the meal was something like 90% bread.  Like a hamburger with a bun that was too big and a bunch of breadsticks.  All of it sucked.  Then it was like $15 with tax and tip.  Just a horrendously bad deal.  The buffets in town are around $10-$11 and you can actually get a bunch of protein and a salad.  Mom and pop restaurants have $6-$8 lunch specials that are pretty good and end up $5 less than BWW.  It's not a generational thing.  When you serve a shit product that costs $5 more than *better* products, you're going to lose customers.  Is it really so difficult to see that?"


There will still be jobs that require a human, we don't have the technology to develop or build anything close to the human brain and body.    >or will there be some lag time?  I think there will be some lag time which would be painful. I think technology changes way faster than a labor force can change skills.   It's why I believe that we need to continue to make investments into education, help make it more affordable and reform the education system so people can explore their potential/creativity/go at their own pace rather than teaching to the test and herding everyone along.    I believe I greatly benefited by being placed into a education program that allowed students to explore their potential. A teacher I had in elementary school thought I would be a good candidate for the program and I tested into it. The State of Oregon operates a [TAG](http://www.ode.state.or.us/search/page/?id=2321) (Talented and Gifted) program and this program helped a lot.


Depends on your definition of value. Tulips don't carry much value, but their price sure was driven up. It was speculation on the future price tag that lead to the bubble. You might suggest there is actual value in bitcoin. I'd suggest that its a nonproductive asset, and that its held more dear than other identically valuable cryptos, which points to speculation.


Those are valid criticisms. But Uber has revolutionised a market that was desperately needing it, and – without excusing Uber's actions – in many places the corruption around taxis makes today's Uber look clean as a whistle in comparison, while also delivering a phenomenal service to consumers.  These are also things that haven't necessarily been put in front of people, especially not until the last few months. Right now there are very few other companies doing this so well in the eyes of the consumer but I'm sure when there is more competition, ethical concerns will be more visible. At this point, with some exceptions, most Uber users literally cannot get the same level of service from anyone else even if they paid three times as much.


I agree that there is a lot of filtering going on. I run filters for people's blogs and news sites I rarely read. The caveat is that I unblock sites I use frequently, and pay for YouTube Red, music streaming and Patreon to support content creators that I enjoy. This, to me, is an issue of the ad targeting not being mature enough yet. Once companies figure out that I'm responsive to ads on certain sites but will blacklist others that do the same, they can selectively serve ads on platforms I'm more likely to engage with. In the meantime the shotgun approach is what advertisers go for.   The future is really in honing how and when these ads are delivered, as well as offering more widespread alternatives to ads, such as subscription services.  For what its worth, I also run noscript. I've had ISPs in the past that had data caps, and given how much data I already use via streaming and Steam, I need every spare Mb I can get.


"> Except that I check my balance 3 times a day and keep track not only where I'm at but also where i should be. I like numbers.   Q.E.D.  You're not ""balancing"" anything... hell, if you're ""checking your balance"" online 3x a day, you're not even ""remembering"" what you spent."


Silvrback is a nonconformist blogging platform for people who want something different for their blogging needs. If you want a platform that will let you do things the way you want without many distractions then Silvrback is for you. It is best platform for programmers as well for others too. Enjoy the features that are not too hard to understand and they do not distract you from your main goal.


Sure there is expense, however anyone who raises their kids even with the hint of frugality will never come close to their base numbers.    My wife and I both worked before three having kids and at least for us the outgoing costs pretty much the same as the money spent without kids.  How, you say?  Because you budget on what you make.  What changes when you have kids is your lifestyle and how you spend your money.  Bar tab = diapers, weekend getaways = 1 big disney vaction,  convertible = minivan, etc.    There is an opportunity cost, but according to these folks they seem to be assuming you are spending money you are normally saving on kids, when in truth you would have more than likely spent it on yourself.


Inugo isn’t just good news for motorists. Public and private carpark owners can also benefit by becoming an Inugo Operator and make use of the unique cloud software, the ‘Operator Portal’, that allows carpark owners to manage their own parking sites 24/7. For the first time, carpark owners can easily configure their own parking sites, receive real-time analytics and monitoring.


Convert the money into United States Dollars,  put it in an NRE account in India and get 5% per annum for the USD.


I was only able to find Maryland form 1 to fit your question, so I'll assume you're referring to this form. Note the requirement: Generally all tangible personal property owned, leased, consigned or   used by the business and located within the State of Maryland on   January 1, 201 must be reported. Software license (whether time limited or not, i.e.: what you consider as rental vs purchase) is not tangible property, same goes to the license for the course materials. Note, with digital media - you don't own the content, you merely paid for the license to use it. Design books may be reportable as personal tangible property, and from your list that's the only thing I think should be reported. However, having never stepped a foot in Maryland and having never seen (or even heard of) this ridiculous form before, I'd suggest you verify my humble opinion with a tax adviser (EA/CPA) licensed in the State of Maryland to confirm my understanding of this form.


What were her/his career aspirations when he was your age? Who were his/her mentors/sponsors and how did they impact his success?  What industry changes does he/she anticipate in the next five years?  In what ways will technology alter the industry?