Here, you can get a professional recommendation approximately any most important issues and the way they may affect the belongings over time. We offer you better inspection carrier all of that, it's miles an Australia's maximum trusted employer. We will offer you and your property agent with assets to help marketplace the document as one of a number of techniques that permit you to control the sale technique of a pre sale inspections. As one among a number of strategies that let you manage the sale technique. We tell you the real condition of the interior and exterior of the building.


As someone who works on the sell side, I can tell you you're partially right.  Yes, we do make money off of trades (so just getting people to trade gets the company money) but we do try to be right.  We like to look at overall trends with growth projections and earnings estimates, and (as long as the analyst isn't a bad one) will try to get the right answer.  Often, we try to present different angles to the research and aren't afraid to go out on a limb--so that you'll read it. We like being right though.  The reason we like to be right and make people understand that we know what is going on is simple: a company won't respect research if it's bullshit.  And that goes for trading and buy side firms, but also from the companies involved in the research.  For an investment bank, a large chunk (often over 50%) of revenue comes from M&A deals, and often a company will choose to do a deal with companies they know will give a good value-that come's from their first experience with the company-equity research.  So yes, we don't like to beat up on companies, but we do want to be right.    If the analyst has that bad a rate of success, he's probably pretty bad or you're looking at an industry where nobody saw some huge shift coming.  Edit: Oh, and analysts can't buy or sell any company in their sector (I think this is industry-wide, not just my firm)


It's a lot of conjecture but definitely take a look at the Australian economy.  Their minimum wage is over $12 an hour and prices have reached an equilibrium with that number as their starting point.  Money is all relative, there aren't easy solutions for low skilled labor besides subsidizing their lifestyle.    Too early to source stuff.


"Political instability and general inability of the government to control crime, economomy, or even remain in existence, would be my greatest worry.  I wouldn't want my bank account to randomly disappear, criminals to come take my stuff and/or life by force because nobody is going to stop them, or a hoarde of revolutionaries appearing at my door telling me ""get lost, the times they are a-changin"". On a whim, I tried to compare instability to cost of living.  I used lowest monthly disposable income as my correlation to cost of living and the Fragile State index to measure instability.  I picked the 55 lowest to get the countries with $500.00 (usd) and lower in monthly income.   Those countries average out to 83.42 on the Fragile State index, which would be in the ""Very High Warning"" range and includes 18 countries in the ""Alert"", ""High Alert"", or ""Very High Alert"" status. Obviously, there is some subjectivity in an attempt to measure something in as broad a term as ""fragile state"", but it illustrates it's point well enough.  Sources: http://en.wikipedia.org/wiki/List_of_countries_by_Fragile_States_Index http://www.nationmaster.com/country-info/stats/Cost-of-living/Average-monthly-disposable-salary/After-tax"


Perfect competition would not be the outcome you want from this model, nor does it imply what you posit. It implies that there will be infinitely many firms, with free entry/exit, making zero profits. Bonds would then become a reason for exit if you had heterogeneous firms (but in perfect competition this is unlikely). In fact in equilibrium no would (probably) issue bonds. What it seems like you want is some sort of structured oligopoly, or a regulated cartel separated into regions. This might generate the bond market you have in mind, but it still does not take into account the relative risk of the bonds.


Here's a nice middle ground: give everyone who falls under DACA full citizenship ~~and is~~ *provided they are* employed*, are in school,* or ~~is~~ *are* actively seeking employment, and then repeal DACA.  Edited for clarity.


This kind of thing is right up my ally. I am based in Australia so suggestions will be Australian based. I was looking at starting up a private consultancy. Basically use neto as your ERM and online website. link in to xero for accounts. Netos predictive inventory module tells you when to restock on raw materials.


> The state is heavily involved in American health care, an enormous component of why it is so expensive and inaccessible.  No - the reason is it so expensive and inaccessible is because it's not fully nationalised.  In the UK we pay **less** for NHS than you do for your medicare, per capita.  The US has the worst of all systems.  > The latter quoted accusation does not make sense, and that was exactly Bastiat’s point.  It makes no sense as an analogy either.


Speeding and distracted driving are among the most common reasons for getting a traffic ticket. Consult with Stephen G. Price, a seasoned defence lawyer in Langley, if you need help in defending your rights and preventing your license from being revoked.


I'm not sure if there are nuances between countries and appreciate your question is specifically about the US, but in the UK, mobile phone contracts, including SIM only, as seen by the chat in this experion website chat shows that mobile contracts are included in credit ratings for 6 years.


Please stay on topic. I haven't said anything about negotiation power.   But to answer your question, the employer is the one that needs a position filled, not the potential employee. If a potential employee doesn't like the wage offered, he can go apply elsewhere. How is this unbalanced?


There was one nugget in this pretty bad article.  Lowering taxes on the investor class - specifically on capital capital gains does not in itself spur investment if there is not growth in the overall economy.  What it does do is spur short term speculation since capital gains taxes are only levied on the sale - it's cheaper to buy/sell, buy/sell, etc.


Looking through his post history, it seems all he does is hit up Internet strangers for advice on his business. I don't see it there, but I vaguely remember a post he had on either here or r/personalfinance that didn't go his way.   On topic: if it were me, I'd want no less than 60% of the company. If I'm fronting 100%, it's *my* risk, while you have zero.


Depending on your perspective of it, I can see reasons for and against this idea. Only with the benefit of hindsight can one say how wise or unwise it is to do so. Earlier in my career, I invested and lost it all. Understand if you do buy when would you be able to sell, do you have to have an account with the underwriter, what fees may there be in having such an account, and would there be restrictions on when you could sell.


First, if your account has been closed you should not be able to use your debit card in any format.  As you mentioned that you are able to use that so your back account is active. So this indicates it is a scam In case account is closed, bank confirms your address and will send you a cheque for the amount in your account.  Don't worry. You money will never be lost


"You will always pay the 10% penalty and the income tax on the money, so even if you withdraw amounts below the taxable limits - you still pay 10% tax. However, you can probably offset that from your Indian tax liability on the money. If you convert it to Roth - you should check with an Indian tax accountant/adviser what the Indian tax treatment would be. It is likely that ""Roth"" advantages are unrecognized by foreign countries, so you may end up paying taxes on both the conversion (in the US) and the distribution (in India). Check with a tax adviser who's knowledgeable about the Indo-US tax treaty and the tax laws in both the countries, this may be trickier than people with no international tax experience may think."


>you can have the exact same scenario I described above in a competing currency system.  Not for a lengthy period of time, or in massive amounts (as we see today).  >Typically the Cantillion Effect has bankers disadvantaged because they get their interest payment after the inflation effects prices. It is the primary loan receiver who gets the best value.  I encourage you to watch this short video, to understand how the transfer of wealth to bankers occurs:  http://www.youtube.com/watch?v=hx16a72j__8


"Am I being absurd? No. Should I be worrying? Yes. If I sell in the morning, I've only lost a couple hundred dollars, and   learned a valuable lesson. Is there any reason to believe it won't be   that simple? If you're lucky, you'll be able to dump your stocks to someone like you who'll be punching himself in the face tomorrow night. If not - you're stuck. You may end up selling them to your broker as worthless. You might have become a victim of a ""pump and dump"" fraud. Those are hard to identify in real-time, but after been burned like that myself (for much lesser amounts than you though), I avoid any ""penny"" stocks that go up for no apparent (and verifiable) reason. In fact, I avoid them altogether."


In cases like this you should be aware that tax treaties may exist and that countries are generally willing to enter into them. Their purpose is to help prevent double taxation. Tax treaties often times give you a better tax rate than even being a resident of the countries in question! (For instance, the Italy to US tax rate is lower than simply doing business in many United States)  This should guide your google search, here is something I found for Germany/Spain http://tmagazine.ey.com/wp-content/uploads/2011/03/2011G_CM2300_Spain-Germany-sign-new-tax-treaty.pdf It appears that the dividend tax rate under that treaty is 5% , to my understanding, the income tax rates are often multiples higher! I read that spain's income tax rate is 18%  So what I would do is see if there is the possibility of deferring taxes in the lower tax jurisidiction and then doing a large one time dividend when conveninet. But Germany isn't really known for its low taxes, being a Federal Republic, the taxes are levied by both the states and the federal government. Look to see if your business structure can avoid being taxed as the entity level: ie. your business' earnings are always distributed to the owners - which are not germany citizens or residents - as dividends. So this way you avoid Germany's 15% federal corporate tax, and you avoid Spain's 18% income tax, and instead get Spanish dividends at 5% tax. Anyway, contact a tax attorney to help interpret the use of the regulations, but this is the frame of mind you should be thinking in. Because it looks like spain is willing to do a tax credit if you pay taxes in germany, several options here to lower your tax footprint.


Interesting. See I thought that it was just me that didn't go to McDonald's and that many other people (the majority) still go. But, no. The reason I don't go is because of the unhealthiness. Now I will go if it's a last resort. After all, I actually like the food! It's good old fast food. I'm noticing all these top comments about the food being terrible and nasty, but I love it. Even though the quality is very poor.


The issue is how likely you will have zero income for six months, and what are your monthly expenses. If you know the maximum medical bill you face that may allow you to save a smaller amount. But you still have to protect for that loss of income. The interuption could be because of job loss, medical emergency, or other family crisis.  If I told you that  the chances you would face a crisis dropped by 50%, would you decide that the need for an emergency fund went away? Or would you still create a fund? I think the need still exists just to avoid the downside if you aren't prepared.


"I don't know if it counts as a formal answer, but Dale Carnegie has  always preached that income is related to how well you treat and get  along with other people. His observation is that the highest paid  people are those with the best people skills, because the ability to  manage other people has higher value than singular ability.  Conversely, people making minimum wage often work ""harder"" than people  making more money.  The old saw about ""work smart, not hard"" is a bit trite. In many  fields, efficiency is valued over ""hard work""."


"In this instance ""quotational"" is a reference to a market price quote, not a mathematical function.  Staunch ""value investors"" like Graham, Dodd, Munger, Buffett et al. believe there is a material difference between what security is ""worth"" and what the current market mood quotes as its price.   You, the investor, perform your analysis then derive a value for a security. If there has been no material change to an aspect of the security you analyzed then there hasn't been a change in that security's value, even if there has been a decline in the price quoted by the market, that is a ""quotational loss."""


"You're hearing alot of talk about housing (and by implication property) not being an investment today because on the downside of a market, the conventional wisdom is to be negative about buying things that have lost value. Just as it was dumb to listen to your coworker about hot .Com IPOs in 1999, it's dumb to listen to the real estate naysayers now. Here's another question along a similar vein: Were stocks a good investment in the spring of 2009?  The conventional wisdom said: ""No, stocks are scary! Buy T-Bills or Gold Bullion!"". The people who made money said: ""Wait a second, Goldman Sachs is down like 75%? IBM is down like 30%, are they going anywhere? Time to buy."" The wrong house is a poor investment in any economy. Buying a house in Detriot in 1970 was not a good move. Buying a house that needs $50k in work, not a good move. Buying a condo with a bankrupt HOA in Florida is not a good idea. But a good house that is well cared for is a great investment.  I'm living in a house right now that is 80 years old, well maintained and affordable on a single income. A similar home a few blocks away sold in May for the same price as we paid in 2006. I'm paying about 20% less than I would for an apartment, and we'll think about moving in 2016 or 2017, by which time I'll probably have put $30-50k into the house. (Roof, kitchen, exterior painting, minor renovation)"


I like Keshlam's answer and would like to add a few notes: While your enthusiasm to invest is admirable learning patience is a key aspect of wealth building and keeping.


"It looks like the HST will be in effect in Ontario on July 1st, 2010.   As to whether it will replace GST with HST for all services, it looks like some sectors may get special treatment: Ontario may exempt mutual funds from HST (National Post).  But it doesn't look final yet. However, I would suggest that most service-based businesses in Ontario need to prepare to start charging 13% HST instead of 5% GST.  It will be the law. On the ""goods"" side of the new harmonized tax, it looks like certain goods will still be exempt from the provincial portion.  Here's a quote from the Ontario Budget 2009 News Release: ""Books, diapers, children's clothing   and footwear, children's car seats and   car booster seats, and feminine   hygiene products would be exempt from   the provincial portion of the single   sales tax."" Here's some additional information on the introduction of the HST, from the province: General Transitional Rules for Ontario HST. And finally, another interesting article from the Ottawa Business Journal: Preparing For Ontario Sales Tax Harmonization – It's Not Too Early  UPDATE: I just received an insert from Canada Revenue Agency included with my quarterly GST statement.  Titled ""Harmonization of the Sales Tax in Ontario and British Columbia"", it contains a section titled ""What this means for you"" (as in, you the business owner).  Here's an excerpt: [...] All Ontario and B.C. registrants would need to update their accounting   and point-of-sale systems to   accomodate the change in rate and new   point-of-sale rebates for the   implementation date of July 1, 2010. The harmonization of the sales tax in Ontario and B.C. may affect the   filing requirements of registrants   outside of these two provinces. Registrants will report their HST according to their current GST filing   frequency. As a result of the harmonization, there will be changes to the rebates   for housing and public service bodies. More information will be released as   it becomes available. Visit the CRA   web site often, at   www.cra.gc.ca/harmonization, for   the most up-to-date information on the   harmonization of the sales tax and how   it may affect you. [...] Last, I found some very detailed information on the HST here: NOTICE247 - Harmonized Sales Tax for Ontario and British Columbia - Questions and Answers on General Transitional Rules for Personal Property and Services.  Chances are anything you want to know is in there."


Most people aren't 'paid pretty darn well' when looking at historical real wages.  This is the result of many things, one being corporate consolidation where any and all efficiencies are passed on to the executives and shareholders.  Meanwhile, your wife's salary has been slowly eroded away for the past 30 years.  I get trying to see the positive side but c'mon man, you gotta wake up.


See my reply above:  > My post has, as of this very moment, 58 votes, with 88% up votes.  > Vocal frustrated and disappointed anti-Trumpers can't change that.  > Anyway, why are you so upset that Trump reduced the debt?  > Maybe you should be happy for this and upset on other things Trump did that are not good? Any of those?


>Nearly 20 years ago in the book Market Wizards, hedge fund manager Michael Steinhardt said the term hedge funds is a misnomer because most funds don’t hedge, and a new name is almost 2 decades overdue. The more apt titles such as Alt In or absolute return funds haven’t seen any traction, so hedge funds seems here to stay. Besides, consider how misnamed mutual funds are. Vanguard is one of the only mutual fund names that remains a mutual ownership structure, so what’s in a name anyway.


The [free local classifieds](http://www.mamoof.com/) are grouped within the publication, on issues such as accounting, automobiles, agricultural products, clothing, sale and rent, etc. This classification of products and services are known as the ads. There are many social bookmarking sites where you can post your classified ads or by manual submission or automated submission no cost to reach millions of potential readers.


I have this problem with my parents.  They have stuff that they inherited or collected, and they have memories of them, and they want their kids to have them.  The problem is, we don't have those memories.  We didn't grow up with the stuff they have now.  So, while it's nice stuff, it's just that: Stuff.  I don't need more stuff.  I have no place to put their stuff.  I can't afford to store their stuff.    It points to the whole issue of materialism. What is the point?  One day you're going to die, and someone else will have to deal with all the stuff you collected.


They still got away with pocketing the cash and I got uhh DSL (shitty limited range technology) and other crummy something or other long distance options!  Fuck MA BELL. Name any phone company, it's still MA BELL. Smaller competitive with someone else company my ass. They're letting it merge back together too.  I still love the day our towns Main Street was being torn up to be repaved. During this little adventure they severed some fiber optic cables. It took out the cell phone network (and ONLY that network). I'll leave that there for someone to attempt to figure out.


It seems like it could be used for the reason stated, but it's hard to escape a more cynical reaction.  If you have a work station and it's assigned to somebody, then you can conclude that it's in use, unless that person is not working. The only way to get new information is by applying these to a series of unassigned work stations, to determine if you have more or less of these than you need.  This just seems like another step towards treating employees more and more like prisoners.


Well if we had a democracy then people are the ones that have to act to keep the government accountable.  But in our society large economic interests have the influence over government so we have a plutocracy. So that's who is getting in the way of the people keeping their government accountable.


"One thing not mentioned is that in so called third world countries, a lot of ""stuff"" isn't actually less expensive.  Food is almost always less expensive, housing is often less expensive, but cars, fuel, computers, smartphones, electronics, brand name clothing, shoes, cosmetics, tools, art supplies, internet service, bicycles, sporting goods and many other consumer items are typically more expensive."


"This is a supplement to the additional answers.   One way to generate ""passive"" income is by taking advantage of high interest checking / saving accounts.  If you need to have a sum of liquid cash readily available at all times, you might as well earn the most interest you can while doing so.  I'm not on any bank's payroll, so a Google search can yield a lot on this topic and help you decide what's in your best interest (pun intended).     More amazingly, some banks will reward you straight in cash for simply using their accounts, barring some criteria.  There's one promotion I've been taking advantage of which provides me $20/month flat, irrespective of my account balance.  Again, I am not on anyone's payroll, but a Google search can be helpful here.  I'd call these passive, as once you meet the promotion criteria, you don't need to do anything else but wait for your money.   Of course, none of this will be enough to live off of, but any extra amount with minimal to zero time investment seems to be a good deal.   (if people do want links for the claims I make, I will put these up.  I just do not want to advertise directly for any banks or companies.)"


Online groceries in Kolkata can put a conclusion to feared treks to the market. There are administrations that ship staple goods the nation over and a few chains utilize nearby conveyance too. This can spare us huge amounts of time, and that itself is justified regardless of its ruler's payment. In any case, can shopping on the web market in Kolkata preserve us cash? Regularly it can.


Tl;dr by anecdata I paid for my master's degree from investments/savings with a HELOC backstop  It appears you don't have the 62k cash needed for tuition and living expenses so your decision is between financing a degree by selling your investments or a loan.   Ultimately this comes down to the yes/no sell decision on the investments.  Some things to consider:


Because I (and no one really) am not going to talk about much in a public, archived place. Even with a username you could never tie to my actual one, there's too much risk. So you get the various bullshit articles, crackpot theories, and college kids because those are the only things that don't matter.


Many people have suggested that the degree's emphasis on financial analysis (1) downplays the management of creative work such as product design, and (2) ignores long-term costs that don't appear on the balance sheet, such as environmental destruction or loss of customer respect.


Buy a car. Vehicle loans, like mortgages, are installment loans. Credit cards are revolving lines of credit. In the US, your credit score factors in the different types of credit you have. Note that there are several methods for calculating credit scores, including multiple types of FICO scores. You could buy a car and drive for Uber to help cash flow the car payments and/or save for your next purchase. As others have suggested, you should be very careful with debt and ask critical questions before taking it on. Swiping a credit card is more about your behavior and self-control than it is logic and math. And if you ever want to start a business or make multi-million dollar purchases (e.g. real estate), or do a lot of other things, you'll need good credit.


As the bank probably told you, a HOA has no assets.  Taking out loans like that is the domain of a co-op, which is a different kind of corporation and residents own shares in a corporation that owns the entire property as an asset. It is probably a bad idea to allow someone to be a guarantor of the loan.  These kinds of things may pop up in an annual audit of the books (why is a particular person being paid a monthly fee?) or may be seen as red flags by banks offering mortgages to buyers in the HOA.


"There's no way to confirm this anecdote I'm about to say tell you guys.  However, I'm a computer programmer.  I went for a job interview a few years ago at a top-tier bank.  When they sat me down for the interview.  They told me that their job was to take a rich person's income and let's say they pay 40% in tax.  They'll move it around so that they pay 20% in tax.  Also, these banks ... a lot of the programmers are earning 550-650 per-day and that's in pound sterling.  These programmers will create a company and pay themselves the lowest salary rate.  So they will avoid as much tax as possible because it's their ""company"".  Those programmers aren't in the millionaire range though.  They're probably just pulling over 100,000 pounds a year taxed at a really low rate.  After working with them ... you can't make any of these guys feel anything."


"This is the best tl;dr I could make, [original](https://cacm.acm.org/news/220768-what-the-industrial-revolution-really-tells-us-about-the-future-of-automation-and-work/fulltext) reduced by 92%. (I'm a bot) ***** > As automation and artificial intelligence technologies improve, many people worry about the future of work.  > Accountants, lawyers, truckers and even construction workers - whose jobs were largely unchanged by the first Industrial Revolution - are about to find their work changing substantially, if not entirely taken over by computers.  > Rubinstein&#039;s basic assertion, which is that economic theory tells us more about economic models than it tells us about economic reality, is a warning: We should listen not only to economists when it comes to predicting the future of work; we should listen also to historians, who often bring a deeper historical perspective to their predictions.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6yauel/what_the_industrial_revolution_really_tells_us/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~204913 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **work**^#1 **automation**^#2 **people**^#3 **Industrial**^#4 **Revolution**^#5"


"As the European crisis worsened the Swiss Franc (CHF) was seen as a safe currency so Europeans attempted to exchange their Euros for Francs.  This caused the Franc to appreciate in value, against the Euro, through the summer and fall of 2011.  The Swiss government and Swiss Central Bank (SNB) believe mercantilism will create wealth for the citizens of Switzerland.  The Swiss central planners believe that having an abundance of export businesses in Switzerland will create wealth for the citizens of Switzerland as the exporters sell their good and services abroad and pocket a bunch of cash.  Thus, the central planners tend to favor exporters.  From the article: At the start of the year, when exporters urged for government and SNB action, ... The Swiss Central bank continued to intervene in currency markets in 2011 to prevent the CHF from appreciating.  This was done to prevent a decrease in export business.  Finally after many failed attempts they announced the 1.20 peg in September.   The central planners give little consideration to imports, however, since manufacturers in foreign countries don't vote or contribute to the campaign funds of the central planners in Switzerland.  As the CHF strengthened many imported items became very cheap for Swiss citizens.  This was of little concern to the central planners. Currencies are like other goods in a market in that they respond to supply and demand.  Their value can change daily or even hourly based on the continually varying demands of people.  This can cause the exchange rate to rise and fall against other currencies and goods.  Central planners mistakenly believe that the price of certain market items (like currency) should not fluctuate.  The believe there is some magical number that will cause the market to operate ""better"" or ""more correctly"". How does the SNB maintain the peg?  They maintain the peg by printing Francs and purchasing euros."


My car loan, much to my disappointment, was through Wells Fargo. I went to my credit union and refinanced (with a .1% increase of interest) and I feel a lot better about my payments.  In reality, it pays for itself because my credit union is customer-owned, and my dividends offset the extra cost. :)


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Congratulations on starting your own business. Invest in a tax software package right away; I can't recommend a specific one but there is enough information out there to point you in the right direction: share with us which one you ended up using and why (maybe a separate question?) You do need to make your FICA taxes but you can write off the SE part of it. Keep all your filings as a PDF, a printout and a softcopy in the native format of the tax software package: it really helps the next tax season. When you begin your business, most of the expenses are going to be straightforward (it was for me) and while I had the option of doing it by hand, I used software to do it myself. At the beginning, it might actually seem harder to use the tax software package, but it will pay off in the end. Build relationships with a few tax advisors and attorneys: you will need to buy liability insurance soon if you are in any kind of serious (non hobby) business and accounting for these are no trivial tasks. If you have not filed yet, I recommend you do this: File an extension, overpay your estimated taxes (you can always collect a refund later) and file your return once you have had a CPA look over it. Do not skimp on a CPA: it's just the cost of running your business and you don't want to waste your time reading the IRS manuals when you could be growing your own business. Best of luck and come back to tell us what you did!


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I think they say that they show rooms that cost $20-$30 more.  I am guessing that they show DIFFERENT rooms.  It isn't the same room for more; but showing more expensive options to fancy Apple users.  Ubuntu users should get the Japan coffin style options shown :-P


"Here is one ""other consideration"": don't, don't, don't sell based on insider information. Insider trading can land you in jail. And it's not restricted to top executives. Even overhearing a discussion about the current status of the acquisition talks can mean that you have insider information that you legally cannot act on in many jurisdictions. If you are just a regular employee, the SEC will likely not subject your dealings to special scrutiny, especially since lots of your colleagues will likely trade your company's shares at this point in time. And if you definitely hold insider info (for example, if you are intimately involved with the acquisition talks), you will likely have had a very serious warning about insider trading and know what you can and what you cannot do. Nevertheless, it's better to be careful here."


You have to consider that taxes that you pay on the premiums is money definitely paid, while benefits being tax free won't save you a thing if you never receive the benefits.


Guns. Without them, any other conceivable asset would be taken from you. By someone with guns.


How is that a victim mentality?  You are being obtuse. Every business pays taxes.  Why is it a big deal that walmart paid taxes?    > How about Walmart and other large large employers just shut down.  Why are you being stupid?  What does this have to do with anything?  I don't care what companies shut down because other companies will take their market share.  that's how the economy works.


The tax savings of being 1099 can be significant.  It depends on your salary, and what you can deduct.  You may want to consult with an accountant.   The social security tax, for the self employed, is 12.4% of profit not on revenue.  If you can write off more than half of the income as expenses then you could be paying less than a w-2 employee. Also you might make a higher salary as a 1099, it is rare the offer the same compensation for a W-2 as a 1099 as the former has higher expenses for the employer. It is hard to know without actual numbers, actual expected expense deductions and so forth.  Which is why I would suggest consulting with an accountant.  You may want to talk to one in the state where he will be working rather than where you live now.


Yes you are. Trickling down only works when there are enough jobs. All those receptionist that are being displaced by graduates or PA's will try to find a new job.  But the economy isn't very good so career options are limited and the chance of improving your career are slim.  So these receptionists apply to cleaning positions or McDonald.  Cleaning companies might think hey here is someone who has proven to be reliable and being able to communicate with clients. They hire the receptionists. Where do the cleaners go? Not enough jobs = not enough jobs. When you have a comfortable middle class career switching might be an option but for the working class it is almost impossible in a bad economy.


"Eugene Kaspersky warns against danger of cyber war - IT News from V3.co.uk By nortonmed on June 1, 2012 http://www.v3.co.uk/v3-uk/news/2178881/eugene-kaspersky-warns-impending-cyber-threat     Security mogul Eugene Kaspersky has declared cyber warfare as ""the internet's greatest threat.""  Kaspersky believes that cyber warfare has leaped over threats such as cyber crime and privacy issues to become the most dangerous issue facing the web. He spoke at the Australian Cebit convention about the potential damage of cyber super weapons and the future of internet security.  ""Cyber weapons can damage a physical object as badly as a traditional weapon,"" Kaspersky was quoted as saying during his keynote presentation in Sydney.  ""It is a realistic scenario against any country because we all have the same systems. All it takes is the wrong people with the right motives.""  While both the public and private sector have been scrambling in recent years to protect critical infrastructure against cyber attacks, experts have suggested that most hypothetical attacks would likely be limited in scope to a local or regional scale.  Kaspersky argues that the only way to prevent a catastrophic series of attacks in the future would be for countries to come together and sign international pacts against the use of cyber weapons.  ""I'm afraid that there's only one way that they can be protected and that's international agreements against cyber weapons, same as was done with nuclear weapons, chemical weapons and biological weapons,"" Kaspersky said.  Both China and the US showed positive signs for peace when they held cyber security excercises earlier this year in a sign of solidarity.  During his speech Kaspersky pointed to the Stuxnet virus as a barometer for the power of cyber warfare. The highly-sophisticated virus successfullyinfected Iran's nuclear programme and is believed to have caused critical damage to uranium-enrichment equipment"


> What they pay is the market wage by definition.  How are we defining market? Retailers? If so, they pay below market.  Other retailers pay more.  Try and make that fact stick for a second before you reply.  If you define Wal-Mart as it's own market, sure, they pay market wages by definition.  They are, after all, the largest retailer in the USA.  > In which case, why don't they work for one of those other employers?  Low turnover at those other employers.  Workers who are happy leave the company less, thus, less openings for new workers.  > In what way does that force people to work for Wal-Mart? You act like the only way to get a job is to work for them. If you do not like the job that Wal-mart offers you, there is no compulsion to accept it.  Again, real world vs theory.  Look at small towns across the country, where Wal-Mart plops down a superstore right at the annex of the biggest few towns in the area.  Mainstreets can't compete, but the people still live there.  A lot them, all their lives.  Those shop owners know how to do retail, and guess what jobs open up in their areas? Choosing to move somewhere else and uproot your whole life isn't an easy thing to do for those folks.  Taking a job at Wal-Mart to support your family doesn't seem like a terrible option to a lot of them at the time, when it happens.  Heck, people actually get excited about Wal-Mart, thinking they could make manager one day and what have you.  So they do choose to work for Wal-Mart, but really, they have no other choice.  They could just become homeless, yes, that is a choice they could make.  Is it a realistic one? No.  > Workers are not essentially the same - if they were, they would tend to have the same wage.  Didn't you just get done telling me that market wages are set by the market?  You honestly believe that the workers at Costco are inherently more capable of the retail work Costco does and therefore don't work at Wal-Mart, because of their superior skillset?  I worked at Wal-Mart briefly, out of high school.  I was a great worker when I got hired, because I worked for the store remodel team out of Arkansas and they trained me very well.  Then I started working in electronics and had very bad training by the outgoing manager, so I was viewed as a bad worker by the new manager of that department.  Was I bad worker? Not at all, I just wasn't trained well.    Wal-Mart has excellent and fully capable workers in some stores, some areas, etc, and terrible ones in others.  They have a revolving cast of managers, and a lot of the capable ones leave the second something better comes along.  So you have this slipshod management style and training that can be anything, and yes, the more competent people leave.  Why? **Because Wal-Mart pays below market wages and benefits.**  You can find good and bad workers at all retail stores, some with excellent training and some without.  Wal-Mart is a bottom feeder but they employ plenty of good people who just have no other options.  You seem to have this notion that the more 'productive' workers are readily apparent.. why look at this fine lad, he's 20% more productive than the rest of your workers.  It doesn't work like that in real life.  Sorry.


"The Amazon recommendation engine is based on an artificial intelligence framework called Deep Scalable Sparse Tensor Network Engine (DSSTNE), nicknamed ""destiny"". So it is clear that Amazon wishes to control your destiny. Even the books you find yourself reading will be determined by their AI."


"From the oiq website:  ""Notez toutefois que seules les personnes titulaires d’un permis d’ingénieur et inscrites au tableau de l’Ordre peuvent exercer la profession et utiliser le titre d’ingénieur. Les personnes qui ne sont pas titulaires d’un permis d’ingénieur peuvent exercer une activité professionnelle réservée à l’ingénieur par la loi, mais uniquement sous la direction et la surveillance immédiates d’un ingénieur.""  ""Please note, however, that only persons who hold an engineering permit and who are registered on the Ordre board may practice the profession and use the title of engineer. Persons who do not hold an engineer's permit may engage in a professional activity reserved for the engineer by law, but only under the immediate direction and supervision of an engineer.""  http://www.oiq.qc.ca/fr/jeSuis/candidat/pourquoiEtreMembre/Pages/default.aspx"


You will find money in less than an hour!   Today is the day to smile or at least experience a bright spot in your day. Take a few minutes from reading, writing, working or whatever it is that drew you into cyberspace today. Lets find some cash, money, dinero, lout, fat wallet, bulging pocketbook! Maybe by the end of the day you will be shopping , driving a new car, calling a friend with some good news, or at best case scenario negotiating the bottom dollar for the mansion of your dreams.   http://angelabrummer.hubpages.com/hub/Money-for-FREE-in-minutes


"I was told if I moved my 401k into a Roth IRA that school purposes is one reasons you can withdraw money without having to pay a tax. Incorrect.  You will need to pay tax on the amount converted, since a 401(k) is pre-tax and a Roth IRA is after-tax.  It will be added to your regular income, so you will pay tax at your marginal tax rate. is there any hidden tax or fee at all for withdrawing money from a Roth IRA for educational purposes?  You still will need to pay the tax on the amount converted, but you'll avoid the 10% penalty for early withdrawal. I know that tuition, books and fees are covered for educational purposes. Can I take out of my Roth IRA for living expenses while I'm attending school? Rent, gas, food, etc... Room and board, yes, so long as you are half-time, but not gas/food  Possibly only room and board for staying on-campus, but I'm not certain, although I doubt you could call your normal house payment ""education expense"" with my 401k being smaller, would it just be better to go ahead and cash the whole thing and just pay the tax and use it for whatever I need it for? What is the tax if I just decide to cash the whole thing in?  You pay your marginal tax rate PLUS a 10% penalty for early withdrawal.  So no, this is probably not a wise move financially unless you're on the verge of bankruptcy or foreclosure (where distress costs are much higher then the 10% penalty) I can't answer the other questions regarding grants; I would talk to the financial aid department at your school. Bottom line, transferring your 401(k) is very likely a bad idea unless you can afford to pay the tax in cash (meaning without borrowing).  My advice would be to leave your 401(k) alone (it's meant for retirement not for school or living expenses) Ideally, you should pay for as much as you can out of cash flow, and don't take out more student loans. That may mean taking fewer classes, getting another part time job, finding a different (cheaper) school, applying for more grants and scholarships, etc.  I would not in ANY circumstance cash out your 401(k) to pay for school.  You'll be much worse off in the long run, and there are much cheaper ways to get money."


"**Occam's razor**  Occam's razor (also Ockham's razor; Latin: lex parsimoniae ""law of parsimony"") is a problem-solving principle attributed to William of Ockham (c. 1287–1347), who was an English Franciscan friar, scholastic philosopher, and theologian. His principle states that among competing hypotheses, the one with the fewest assumptions should be selected.  In science, Occam's razor is used as a heuristic guide in the development of theoretical models, rather than as a rigorous arbiter between candidate models.  ***  **Hickam's dictum**  Hickam's dictum is a counterargument to the use of Occam's razor in the medical profession. While Occam's razor suggests that the simplest explanation is the most likely (implying in medicine that diagnostician should assume a single cause for multiple symptoms), Hickam's dictum is commonly stated: ""Patients can have as many diseases as they damn well please"". The principle is attributed to John Hickam, MD. When he began saying this is uncertain. In 1946 he was a housestaff member in medicine at Grady Hospital in Atlanta.  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/business/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot) ^| [^Donate](https://www.reddit.com/r/WikiTextBot/wiki/donate)   ^] ^Downvote ^to ^remove ^| ^v0.28"


Yes, maybe. Sometimes the mother company (that makes the car) covers a bit of the loss that comes from the super-offer loan, so the dealer loses a bit less. But generally, you are right. you should be able to talk them into some rebate that gets you around the given number, depending on how good you are a negotiator (and how urgently they need to sell a car)


There are two main reasons for the difference between these two numbers: While there are a few people that are wildly wealthy, most of the people with more than 10 million have between 10-50 million dollars.  These people shield most of their estate and in the end the tax only effects a small portion of even the wealthy.


It turns out that my logic was faulty. I wasn't aware that RRSP contributions and RRSP deductions are independent. There's no reason to split up my RRSP contributions across the two years. In my original plan, I was going to defer some RRSP contributions until 2017 so that they wouldn't be deducted from my 2016 income. This isn't necessary — nothing is forcing me to deduct the entire RRSP contribution on my taxes this year. I can still follow the plan I described in my question and max out my RRSP contribution this tax year by only deducting part of the contribution on this year's taxes


Regulation D helps regulate the amount of money a financial institution has on hand at any particular time. Savings accounts are not factored into that. Because of that, there has to be a limit on how many withdrawals can occur in order to keep proper classification on the number of transactions.


What does your cash flow look like? If you can comfortably afford to pay the extra cost and ride out the mortgage, it can be a nice investment. Better if you can manage the property yourself and are somewhat handy. Realize you should be able to raise rents over time so that it is cash flow even eventually.    If cash flow is tight, sell it and re-fi your current place


Yep! And /u/msattam, if you're just getting started with learning this stuff...  > So the company, acting in the investors' best interest...  ... while u/S4ndals is correct here in an academic sense, to expand on his point, you'll soon find the mileage to vary quite a bit on this issue in the real world. The vast majority of companies rarely act in the investors' best interest as a whole. It's uhhh, it's complicated.


"> Well, if you only own the option, you are only limited to loosing the premium. With futures, at least with the brokers I talked to, most of the time you need to sign a margin contract just to trade futures. I don't want to go into debt, and I don't think I would do too well to be fairly honest.  This isn't how margin works. Your broker would demand more money before coming back to you.  >  I am a college student, and want to limit my risk  Yet you're talking about things that are very risky, and that you don't take seriously.  >  To me honest, if I had my way I would just buy and hold, and that is the strategy I want to emulate closest  Why aren't you buying and holding equities funds? Why not have your way?  > Basically, I want to avoid debt, but still trade commodities.   ""Margin"" in futures isn't a loan. It's the fraction of the value of a contract you actually pay. There's no borrowing involved.  If you want less risk, don't get the maximum you can, but rather have cash reserves.  You do not sound like you are in a position to be investing in these sorts of instruments at all."


"Ok sure, your homeowners insurance now includes all those things. Floods, hurricanes, terrorism... its also now twice the price. You're on /r/finance, not /r/politics. You should understand that you pay a premium for every risk that you off-lay. It is well known that basic homeowners insurance does not cover floods. If you want it, you can get it. Most people in a non flood-prone area will say, ""I'm willing to take that risk, I'll save $500/yr and not get it"". Would you rather the government just force you to get it?  You just complained about Auto Insurance ""forcing"" you to get uninsured driving insurance. You can't have it both ways."


Sagar Stationary pvt ltd is the Top Sheet Protector Manufacturers In Mumbai which is also the best school stationary suppliers in Mumbai. Sagar Stationary pvt ltd offers the best quality office, school stationary at very effective cost. For more information visit the website: http://www.svsmumbai.in/ or call us at: 9930963767


Yes, I agree.  Systems are everything. I'll need to really understand everything about the business before implementing a good system.   Good tip about designing roles around people and moving them around. It's quite a small business but I'm sure I can be creative regarding role specs, at the very least I could add projects which play to their strengths.


Wall Street Journal's Moneybeat is a good way of keeping up with markets and news etc. They cast about 2/3 times a week.   The Financial Times' Banking weekly is a slightly more in depth view on certain issues, slightly less easy to listen to but good nonetheless.


He was sure upset. From his point of view the government is the end all for everyone. I just can't agree with his implied supposition that the government is totally responsible for Burger Kings success, and therefore they should be ashamed that they don't want to pay more in taxes. There has got to be a compromise on corporate taxes that would prevent such moves in the future. Although Mr. Moyer would probably prefer a state-run Burger King with the courtesy and efficiency of our beloved TSA or IRS.


They made a huge gamble staking the future of their company on an OS with a 3% market share and so far it's not paid off.  I absolutely agree that the advertising for Windows Phone has been awful.  That Nokia commercial embedded in the article is snotty and arrogant.  The Microsoft commercials for the OS are just as bad [Example](http://www.youtube.com/watch?v=l9evyGr57hs).  Basically, their strategy is to say that their entire target demographic (smart phone users) are idiots.  Why would they think that would go well?


The problem with John Carter was the lack of a solid fanbase to appeal too. The series is old and the comic books are not that great to warrant any pop culture appeal. Now had they explained more about the storyline (and picked a different lead) in the marketing campaign they might have gotten more people interested. Probably the weakest Disney marketing I've ever seen.


A parent company may own 70% of a subsidiary, and the remaining 30% is owned by someone else. Now the parent company has a controlling stake, so it can use the subsidiary's assets as it wishes, so the parent company can report 100% of the subsidiary's assets on the parent's balance sheet. Now here lies the problem, how can they report 100% of the assets when it only owns 70% of the subsidiary? That correction is the minority interest.


To tackle such problems, there are several companies that have been providing quality beds for their customers. These products are very popular among the people because of their quality and thousands of people are purchasing these products from all over the world. Since the commencement of Internet, many things have evolved alongside. They provide Ottoman with Sleeper.


"You have many alternatives to the funds you mentioned. It is actually very unusual for ETFs to have such high denominations. Possible alternative: iShares IVV What would you recommend I do with $1000? A diversified index fund is a great equity investment for the long run but might be considered ""boring"" by newcomers who think of equity markets as something more exciting. Maybe add a share or two, small ones, just to show the differences to the fund. This wouldn't be called wise investing but it certainly would have an educational effect. Except if this money is all you saved for your daughter, then don't gamble any of it."


"I have all of those. My lawyer is reviewing the engagement letters with the capital advisors, and has spun up the CPA/tax lawyer. We are engaging the right people at the right times.  However, I'm curious to see what a loan proposal looks like at the $100 million level. I'm not looking for Redditors to represent me with the banks, I'm looking to see if anyone on Reddit happens to have a copy of (or know where to find one) a loan proposal from a large corporation for a similar amount of money.  For example, when we sold a division of the company, I evaluated the pitch decks that our consultants made against the pitch decks made/released by tech firms. While the metrics are all largely different, it was a useful exercise to be able to see if we were at least in the ""ballpark"" of a deck that was considered successful."


Two ways to solve this.  Look at the answer. If the answer says 3 months, then using ceiling for similar questions. You have to act according to the exam conventions, not according to own feelings. Whether or not the answer is reasonable and applicable in real life is out of the question.  Ask yourself, did the investment double after 14 years 2 months? i.e. FV >= 2PV. Does a person who ran 99.72 meters in a 100-meter dash counted as touching the finish line?


Overpriced, servers are always pissy, no actual sports on the TV'S (ESPN talking heads shows on 90%), average wings. There are at least 10 bars or restaurants with better wings and atmosphere in my city. I'll never go to a BWW again.


It might some but I'd wager it pushes the short-term rental pricing down (like hotels) while pushing the long-term rental and housing market prices up.    If landlords can make way more in short-term rentals they are going to do that and limit the supply of long-term.  The tourism sector may have increased revenue but by what extent I don't know.  I'd wager that exploding rent and housing prices will negate any benefits for most residents and may end up costing them much more.  This is why I think you should only be able to do it on your primary residence.  Unless you want to be regulated like a hotel because if you have short-term rentals that you don't reside in, that is effectively what you are.  Not being regulated the same as a hotel at that point only gives you an unfair loophole advantage to other short-term rentals.


What do most people say that disappoints you?  I think I would say that I wanted to keep myself prepared and up to date while job searching and that my goal is to eventually become a charter holder.  Do you know if regional banks employ many analysts that are charter holders?


You should start by making a written complaint to the insurance company itself. You have two angles of attack: What was discussed when she was sold the policy. Make sure you set out exactly what you believe you were told and highlight that they didn't ask about commuting (assuming that's the case). Ask them to preserve any recordings they have of the call and to send you a copy. The nature of the journey where the accident happened. From the description - unless it was part of a journey to and from work - there's no good reason for them to classify it as commuting. Make sure you make good written notes now of anything that happened verbally - phone calls etc, and keep doing this as the process goes along. If that written complaint doesn't work, your next step is to go to the Financial Ombudsman, who are a neutral adjudication service. If the Ombudsman doesn't support your case, you could go to court directly, but it'll be expensive and a lot of effort, and by this stage it'd be unlikely you would win. The Ombudsman's rejection wouldn't count against you directly, but it'd be a strong indication that your case is weak. See https://www.moneyadviceservice.org.uk/en/articles/making-a-complaint-about-an-insurance-company for a more detailed walk-through.


They will make money from brokerage as usual and also from the interest they charge you for lending you the money for you to buy your shares on margin. In other words you will be paying interest on the $30,000 you borrowed from your broker. Also, as per Chris's comment, if you are shorting securities through your margin account, your broker would charge you a fee for lending you the securities to short.


Freeze this vermin' assets and that of his family and go after the extended family too... There has to be grave consequences to this kind of scheming and theft. His.punishment should serve as a warning to others.  I hope all Americans are taking notice of the kind of.crooks that have and are holding office.


"Note - this is a complicated topic. I've read the rules multiple times and I'm still not sure I understand them perfectly. So please take this with a pinch of salt and read the rules for yourself. The time(s) at which a test is done against the LTA are known as a ""Benefit Crystallization Event"" (BCE). There are 13 of these (!) - they're numbered 1-9 with the addition of some extras numbered 5A-D. However, the most important ones for those with defined contribution pensions are: Broadly, the idea is that a BCE occurs when you start taking money out of your pension, and when you reach age 75. Each time one happens, the amount you are taking out (""crystallizing"") gets compared against the LTA and a certain percentage of your LTA gets designated as being used. Crystallising doesn't necessarily mean you actually receive the money immediately, just that some of your money is switched into a mode where you can start receiving it in different ways. The rules are designed to avoid double counting, so broadly anything that was taken off your LTA won't be taken off a second time. The cumulative use of your LTA is tracked as a percentage rather than an absolute amount, to take account of any changes in the LTA between the different times you crystallise money. For example if you crystallise £100K when the LTA is £1mn, that's 10% of your LTA gone. If later on the LTA has risen to £1.1mn and you take out £110K, that's another 10%. Once you hit 100%, you start paying a LTA charge on any excess. The really simple path here is if you just get an annuity with your entire pot, before hitting age 75 (and you don't make any further pension contributions after). Then only BCE 4 applies: your pension pot, all of which is being used to buy the annuity, is compared with the LTA. After this point your entire pension pot is considered to be crystallized, so no more BCEs will apply - the tests at age 75 only apply if you still have money that you haven't taken out or used to buy an annuity. The annuity payments themselves will be subject to income tax at your normal rate at the time you receive them, i.e. 0%, 20%, 40% or 45% depending on how much other income you have. In reality most people would want to take 25% of their pot as a lump sum at the same time as buying an annuity, given that it's tax-free if you're under the LTA. At this point BCE 6 applies in addition to BCE 4, but again the overall effect of the test is pretty simple, look at the total pension pot (lump sum + cost of annuity), and if it's under the LTA you're fine. Again, at this point no more BCEs will apply as all the money is considered to have been fully distributed. If you only use part of the money for an annuity/lump sum, then only that part of the money is compared against the LTA, and the rest stays in your pension and will be compared later. The 25% limit for a tax-free lump sum applies to the total you are taking out at that point: if you have £200K and are taking out £100K, you can take out £25K as a tax-free lump sum and use £75K for the annuity. The other £100K stays in your pension. Many people see annuity rates as very low and will want to take on more risk (and reward) by using ""Drawdown"" for at least part of their pension. Essentially, you can designate part of your pension for drawdown, and at that point BCE 1 applies to the money you designate. Once designated, you can start drawing the money out as income, which will be taxed at your normal income tax rate at the time you receive it. Again, you can take 25% as a lump sum at this point which will be subject to BCE 6. There's also an alternative route where you put everything into ""flexi-access drawdown"" without taking any lump sum immediately, and then as you actually withdraw income, 25% is tax-free and the rest is taxed as income. The overall effect is the same, but it gives you more control over when you get the tax-free bit. However, because with drawdown you can actually leave the money in your pension and growing tax-free, there's a further test against the LTA at age 75 under BCE 5A. To avoid double-counting (""prevention of overlap""), the amount left in the drawdown fund at that point is reduced by whatever was previously tested against BCE 1. So if you put £150K into drawdown initially, and it's grown to £200K by age 75, then another £50K will crystallise under BCE 5A. I think that if you put £150K into drawdown initially and it grows by £50K, but you take that out as income so that only £150K (or less) remains at age 75, then the amount crystallising under BCE 5A is nil. Also, when money is in drawdown, you can choose to use it to buy an annuity. BCE 4 is applied at this point (if before age 75), but as with BCE 5A, this is reduced by anything that was previously crystallised under BCE 1. If you only use some of it to buy an annuity, the reduction is pro-rataed, e.g. if you started out with £150K moved into drawdown, and later it has grown to £200K and you use £100K to buy an annuity, then the reduction is £75K so £25K is considered to have crystallised under BCE 4. Once you reach age 75, as well as any money that's still in drawdown, anything you haven't yet crystallised at all gets tested against the LTA under BCE 5B. Broadly, once you go over the LTA, the charges are simple: There's never any explanation given for these two rates, but I think it's all based on trying to at least cancel out the benefit you got from using your pension, on the assumption that: So with the 25% charge + 20% income tax, if you take out £100, you'll end up with £75 gross income, so £60 net income - just the same as if you'd originally paid 40% tax. (This ignores the effect of investment growth, but if you would have saved the £60 in an ISA, the end result is the same: if you had growth of say 50% over the time the money was in your pension, it'll be the same effect if you had £100 growing to £150 and now received 60% of it, or if you had £60 growing to £90 untaxed in an ISA.) The 55% lump sum charge is in case you are paying 40% tax when you take it out, to make sure that it's not a more attractive option than the 25%+income tax: if you have £100, either you get £45 tax free via a lump sum, or you get £75 gross and hence £45 net. I haven't covered lots of cases here: defined benefit pensions. Roughly, when you start receiving the pension, 20x the initial income from the pension is deemed to crystallise under BCE 2 and any lump sum you receive crystallises under BCE 6. In the former case, you could end up having to pay the LTA charge with money you haven't actually got yet, and you can ask the pension administrator to instead reduce your pension to pay it. However, there are lots of special cases for defined benefit pensions, mostly for historical reasons, so you should make sure you check with your pension administrator about this. if you die before age 75, at which point the LTA test is applied via either BCE 5C/5D, or BCE 7. After paying the LTA charge if any, your dependents or whoever else you leave it to gets the remainder tax-free. transferring overseas (BCE 8). ""scheme pensions"" under BCE 2 and BCE 3 (I think these are relatively uncommon) some corner cases covered by regulations (BCE 9)"


I'd add, this is actually the way any stock opens every day, i.e. the closing price of the prior day is what it is, but the opening price will reflect whatever news there was prior to the day's open. If you watch the business news, you'll often see that some stock has an order imbalance and has not opened yet, at the normal time. So, as Geo stated, those who were sold shares at the IPO price paid $38, but then the stock could open at whatever price was the point where bid and ask balanced.   I snapped a screen capture of this chart on the first day of trading, the daily charts aren't archived where I can find them. This is from Yahoo Finance. You can see the $42 open from those who simply wanted in but couldn't wait, the willingness of sellers to grab their profit right back to what they paid, and then another wave of buying, but then a sell-off. It closed virtually unchanged from the IPO price.


Give them cash and watch how the violent ones start robbing houses to steal others’ money.   P.s poor people are good at managing money. They know the value of each cent. They are bad at managing big amounts. Thats why you give them $1000 over a year instead of lump sum of $50.000 f.e


If you lease a car, you are paying for the depreciation of a certain number of miles, even if you don't actually use those miles.  Since you know you will be well under the standard number of miles when your lease is up, and you already know that you want to keep the car, buying is better than leasing.


"That sucks, I liked his first and second books (the only ones I've read). I was still in my late teens, and RDPD was the first personal improvement (or personal financial improvement if you must) book I've ever read. It really got me hooked on the whole personal improvement thing, and on fixing my then-abysmal financial situation. It had a ton of good advice, and I still use it to this day. It's a very good primer book, to help you let go of the worker bee mentality, and pick up the businessman mentality. To anyone who wants to start a business and has no prior experience with ""making money,"" it's still the first book I would recommend. It's extremely easy to read, and most of the advice is solid. The guy (forgot his name, he has an entire site about it) who goes around criticizing Kiyosaki on his ""bad advice"" is actually dead wrong on a lot of his points. Not all, but enough to make me not take him seriously. Not ALL the advice in the book is perfect, mind you, but most of it is very good, and hence the book is a good one overall. You can read it in a day or two (or even an evening), and it really gets you hooked on making money - you can then channel that enthusiasm into harder, longer and more detailed books. Worked for me."


"The difference it makes is in the magnitude of risk difference people will need in order to overcome the amount they're paying to keep their money ""safe"".    For example, if someone charged me $100 to keep $10,000 of my money ""safe"", such that I felt very very confident in getting $9,900 back at the end of a year, I might go for that if the only alternatives are to move it somewhere where there's a good chance I get less than $9,900 back at the end of a year.  In short, I might feel I lose less by paying that -1% interest rate."


I believe the bigger overall risk is debt is going to become more expensive. Interest rates are going to increase. This added cost to consumers will slow down the economy. I don't believe it will be economic crisis but definitely will weeken our credit driven economy.


According to the Illinois Department of Revenue, you don't have to file any taxes that are specific to a LLC, only your personal taxes. LLC on Federal level is disregarded, instead you submit all your business income/expenses on Schedule C. On the state level - it seems to be the same (only individual tax return). Consult your state certified tax specialist. That is not the case in other states, for example in California LLC has to file its own tax return and pay its own taxes, in additional to the individual taxes.


Just because pricing isn't tracked, doesn't mean the dollar price is not backed up by oil (they are others factors involved, of course). But the very fact that OPEC, the worlds largest oil cartel, currently only trade in dollars, effectively means that everyone who wants oil needs dollars to buy it. Therefore, to function in modern global economy, dollars are always needed regardless of exchange rates or interest rates on bonds. In reality the amount debt the US has backed up against its currency wouldn't hold for any other country, apart from US, with its petrodollar status.


Anyone with a background in finance should have been well aware that the government would swoop in with a bailout of the major banks. Such a scenario was even discussed in money and banking textbooks pre financial crisis.   Since I have no excess cash,  and wad in senior year of college, I was unable to capitalize on that, but I did invest in the banks in market simulating games 😁


According to duplex builders this term is popular across the globe, but more prevalent in Australia and they are generally constructed with the view of accommodating elderly relatives who are dependants, but don’t want to shift to an old-age home because the family doesn’t want them to shift.


Even Gold lost 1/2 of it's value between 1980 and 2000.   You would not have fared well if you retired during that period heavily invested in Gold. http://www.usagold.com/reference/prices/history.html You said yourself that one can not foresee what the future will bring. At least IRA's force you to into dollar cost averaging, whereas if your money was outside of a retirement account, you might be tempted to speculate. -Ralph Winters


"There are 2 different things, As per IT Act, one can get ""Medical Reimbursement"" upto Rs 15,000 which is tax free. The way it is supposed to work is an employee submits bill and employer will ""Reimburse"" upto Rs 15,000. So if one does not submit any bills, he does not get any money. If the employer has given the employee Rs 15,000 without any bills, it would have been taxed as per the tax bracket. In practise all employer factor the Rs 15,000 in the salary to the employee. If bills are submitted, then its tax free. If bill are not submitted, partially submitted, the difference is paid as ""Allowance"" and hence becomes taxable. Apart from above there is section 80D that provides additional rebate. Upto Rs 15,000 when health insurance is taken. Upto Rs 5,000 for Health checkup. Hence if you submit the details to your employer you will get rebate in tax, on Rs 5,000 it would be Rs 1,500/-. You would not get ""Reimbursement"". I should mention 20,000 under medical expenses Nope both are under different section as such you should declare these separately."


The SEC requires that they register with the SEC due to having more than 500 shareholders.  With that comes public reporting and all kinds of regulatory compliance.  At that point it is more of a practical necessity to follow through with an IPO, even though it is not a legal one.  http://dealbook.nytimes.com/2011/11/29/facebook-may-be-forced-to-go-public-amid-market-gloom/


From a long-term planning point of view, is the bump in salary worth not having a 401(k)?  In this case, absolutely. At $30k/year, the 4% company match comes to about $1,200 per year.  To get that you need to save $1,200 yourself, so your gross pay after retirement contributions is about $28,800.   Now you have an offer making $48,000.  If you take the new job, you can put $2,400 in retirement (to get to an equivalent retirement rate), and now your gross pay after retirement contributions is $45,600.   Now if the raise in salary were not as high, or you were getting a match that let you exceed the individual contribution max, the math might be different, but in this case you can effectively save the company match yourself and still be way ahead. Note that there are MANY other factors that may also be applicable as to whether to take this job or not (do you like the work? The company? The coworkers? The location? Is there upward mobility? Are the benefits equivalent?) but not taking a 67% raise just because you're losing a 4% 401(k) match is not a wise decision.


"if we tried that in the usa we'd get a bunch of social conservative shitlords whining about male and female roles and the death of american values  of course we should do it like canada. it makes 1,000% sense to do it like canada. but some conservative moron somewhere will milk the issue for ""concern"" for ""traditional family"" and a horde of douchebags will buy into the ignorance"


> help them save money  I believe they should also focus on brand loyalty (PR), more than cutting costs.  The whole FBI and Apple thing.. the way Mr. Cook handled that, made me like Apple a whole lot more.  Things like that can inspire loyalty.  >  A better quality control   Also this.  I rented Scarface, some random TV show and Batman Begins through Netflix's DVD service about a year and a half or two years ago. I ordered these DVDs at different intervals over these 2 years..  And every single time the DVD was unwatchable. Scratched, skipping etc.  I'm not bashing Netflix, I have no idea what it takes to pull off what they do. But still.  I don't believe Netflix can justify raising prices. I'm pessimistic about Netflix as a company to be honest. I just don't see them lasting longer than say Blockbuster did.  Blockbuster 2.0  2042, i'm calling it now.  ***  **EDIT: Like with Netflix, they have virtually no competition in the DVD-in-the-mail thing. Amazon tried. Blockbuster tried. But we all know Netflix pioneered it. They have an *edge*. I don't understand why they don't focus in on what got them to where they are now,**  **Instead of making TV shows no one really cares about or having another Adam Sandler Shows that no one likes.**  **How many times have you heard a 23 or 24 year old go on social media and praise a Netflix show beyond Orange Is The New Black, Breaking Bad or Weeds?**


By mentioning Half-Life 3 you have delayed it by 1 Month. Half-Life 3 is now estimated for release in Nov 3453. ___ ^I ^am ^a ^bot, ^this ^action ^was ^performed ^automatically. ^To ^disable ^WIHL3 ^on ^your ^sub ^please ^see ^/r/WhenIsHl3. ^To ^never ^have ^WIHL3 ^reply ^to ^your ^comments ^PM ^'!STOP'.


"That ain't nothing.  It's really easy to get ""whipped up"" into a sense of entitlement, and forget to be grateful for what you do have.  If this house doesn't exist, what would his costs of housing be elsewhere?  Realistically.  Would landlords rent to him? Would other bankers lend him money to buy a house? Would those costs really be any better?  What about the intangible benefits like not having any landlord hassles or having a good relationship with the neighbors?  It's entirely possible he has a sweet deal here, and just doesn't make enough money.  If your credit rating is poor, your housing options really suck.  Banks won't lend you money for a house unless you have a huge ton of upfront cash.  Most landlords won't rent to you at all, because they are going to automated scoring systems to avoid accusations of racism.  In this day and age, there are lots of ways to make money with a property you own.  In fact, I believe very firmly in Robert Allen's doctrine: Never sell.  That way you avoid the tens of thousands of dollars of overhead costs you bear with every sale. That's pure profit gone up in smoke.  Keep the property forever, keep it working for you.  If he doesn't know how, learn.  To ""get bootstrapped"" he can put it up on AirBnB or other services. Or do ""housemate shares"".  When your house is not show-condition, just be very honest and relatable about the condition.  Don't oversell it, tell them exactly what they're going to get.  People like honesty in the social sharing economy.  And here's the important part: Don't booze away the new income, invest it back into the property to make it a better money-maker - better at AirBnB, better at housemate shares, better as a month-to-month renter. So it's too big - Is there a way to subdivide the unit to make it a better renter or AirBnB?  Can he carve out an ""in-law unit"" that would be a good size for him alone? If he can keep turning the money back into the property like that, he could do alright.  This is what the new sharing economy is all about.  Of course, sister might show up with her hand out, wanting half the revenue since it's half her house.  Tell her hell no, this pays the mortgage and you don't!  She deserves nothing, yet is getting half the equity from those mortgage payments, and that's enough, doggone it!  And if she wants to go to court, get a judge to tell her that.  Not that he's going to sell it, but it's a huge deal. He needs to know how much of his payments on the house are turning into real equity that belongs to him.   ""Owning it on paper"" doesn't mean you own it.  There's a mortgage on it, which means you don't own all of it.  The amount you own is the value of the house minus the mortgage owed.   This is called your equity.   Of course a sale also MINUS the costs of bringing the house up to mandatory code requirements,  MINUS the cost of cosmetically making the house presentable.   But when you actually sell, there's also the 6% Realtors' commission and other closing costs.  This is where the mortgage is more than the house is worth.  This is a dangerous situation.  If you keep the house and keep paying the mortgage all right, that is stable, and can be cheaper than the intense disruption and credit-rating shock of a foreclosure or short sale.  If sister is half owner, she'll get a credit burn also. That may be why she doesn't want to sell.  And that is leverage he has over her.  I imagine a ""Winter's bone"" (great movie) situation where the family is hanging on by a thread and hasn't told the bank the parents died.  That could get very complex especially if the brother/sister are not creditworthy, because that means the bank would simply call the loan and force a sale.   The upside is this won't result in a credit-rating burn or bankruptcy for the children, because they are not owners of the house and children do not inherit parents' debt."


You Americans have got to start understanding that tax is NOT theft. And while I applaud the notion of never increasing taxes at a rate higher than inflation, the idea of reducing park maintenance so that rich residents don't have to face a very slightly higher rates bill is an effective demonstration of what's wrong in America today.  It's not just about YOU. You are a member of a community, and you must contribute to that community in whatever portion is required in order to assure the smooth running of the community.  And the lovely thing is, if you don't like the way it's being run, you can get yourself elected, *and change it*.


> Productivity can increase, but it doesn't have to. Productivity can remain the same but if you've got two people competing for one job they bid wages lower since even a lower wage is better (up to a point in welfare state) to no wage at all.  But, regardless of decreases in wages, productivity should still increase since there are more people working. On a fundamental level, labor and capital combine to create products. If you add more potential labor, and keep capital constant, you'll only have the same number of products being produced if increase in potential labor isn't used. Since unemployment hasn't increased to compensate for women entering the work force there should be more goods produced.


"Yeah... I think what's missing here is that Amazon is an ABSOLUTE last resort place to work.  After my experiences with them, I would just leave the industry and go hang drywall before I'd work there.  There's a lot getting lost in this ""50,000 jobs"" thing- these aren't shovel ready jobs, these are jobs that Amazon would likely just NOT FILL if they couldn't find exactly the right people.   The AVERAGE tenure for an Amazon engineer is ONE YEAR.  People hate working there, and nobody plans on staying long.  They are the most dangerous and toxic workplace in the country right now, and whatever formula they have for extracting value from human misery had better stay locked up in the vault with the KFC recipe, or everyone in this business is screwed. This is where you go work for a year after school, get burnt, and use the skills to go find a better place to work.  Think FoxConn, not ""cool startup with perks"". There ARE some cities who could benefit from this, but I think they're the least likely to get this.  So far California offers the best mix of talent and tax incentives so far, IMO.  Whoever gets this will probably not benefit, in any way. That's how Bezos operates.  This will flood your city with 50,000 dumb ass 22 year olds who don't care about spending 60% of the income on rent(because this is the first time they've paid it!), don't have time for life outside of work, and who plan on quitting when the lease is up.  If you're an Uber driver of a Condo tower builder, you'll benefit."


First thing you need to do is  to find out whether your landlord  will accept credit card payments.  If yes, then I recommend you to try the easiest method first. Pay rent though a rent payment service.  So, you need to log in with rental service and then chose the credit card using which you would like to pay rent and schedule your rent payments.


"I don't think it was ""just to monetize the franchise further"" at all by a long shot.  I genuinely believe that Lucas wanted to tell the back story.  Say what you will about it, some parts of episodes 2-3 were good."


>Mark Zuckerberg doesn't seem to think we can or should isolate and alienate 50% of the population because of their support of a political candidate, which I, the author, and Hastings seem to share a criticism of.   You mean alienate 26% of the population? (Probably less now, that was his support at election day.)   >Zuckerberg misses the point. Support of Trump has always been unpalatable to most on the left but now it's unforgivable.   He's also unpalatable to pretty much every real fiscal conservatives, nothing about hum is fiscally conservative.  >Pressure from all sides to erode his support is exactly what we should be doing; Facebook is one of the most powerful tools available in this effort.   Amen.


"While the question is highly subjective as you noted, putting extra money will of course save you interest payments, it depends on how much ""enjoyment"" is worth now. I would suggest you to not be overly aggressive as you might dig yourself a ditch, your minimum monthly payments might get adjust upwards if some of these loans are student loans as it might seem you have a higher degree of disposable income to play with. Be aggressive in paying them off but not to aggressive, I also think the interest is tax deductible. What it really comes down to is, how much more interest do you want to pay them for enjoyment now, 50 months is not long its just north of 4 years. I'd say if you think you can put 800 extra towards them, don't. Instead if it were me I would put an extra 400 towards the highest until its paid and then take the 400 plus the monthly minimum and add that to the next highest and keep the other 400 for a rainy day, you will still get paid off quick but will leave yourself some scratch if necessary."


Wire transfers are the best method.  Costs can vary from $10 to $100 or more, depending on the banks and countries involved.  There's rarely any saving using the same bank, although HSBC may have reduced charges if you have Premier accounts in both countries (for a one-off transaction, it may not be worth the effort to open an account). However, that cost is insignificant compared to your possible losses on the currency exchange.  Assuming your money is currently in Hong Kong Dollars (HKD), it will need to be converted to US Dollars (USD). One place where it could be converted is at your Hong Kong bank.  You'll get their retail rate. Make sure you are aware of the rate they will use, and any fees, in advance.  Expect to pay around 2-3% from the mid-market rate (the rate you see quoted online, which doesn't fluctuate much for HKD-USD as the currencies are linked). Another place where the currency could be converted is at your US bank.  You really don't get any control over that if it arrives as HKD and is then automatically converted into your USD.  The rate and fees could be quite poor, especially if it is a minor US bank that has to deal with anther bank for foreign currency. For amounts of this size, it's worthwhile using a specialist currency conversion company instead.  Currency Fair in Ireland is one.  It's a peer-to-peer exchange that is generally the best deal (at least for the currency pairs I use).  You wire the money to them, do the exchange on their site at a rate that is much closer to 0.5% from the midrate, then the money is transferred out by wire for a few dollars.  Adds a few days to the process, but will possibly save you close to US$1000.  Another established option is Currency Online in New Zealand. There are probably also specialist currency exchange companies in Hong Kong. The basic rule is, don't let the banks exchange currencies at rates that suit them, use a third party that offers a better rate and lower fees.


"One alternative to bogleheadism is the permanent portfolio concept (do NOT buy the mutual fund behind this idea as you can easily obtain access to a low cost money market fund, stock index fund, and bond fund and significantly reduce the overall cost).  It doesn't have the huge booms that stock plans do, but it also doesn't have the crushing blows either.  One thing some advisers mention is success is more about what you can stick to than what ""traditionally"" makes sense, as you may not be able to stick to what traditionally makes sense (all people differ). This is an excellent pro and con critique of the permanent portfolio (read the whole thing) that does highlight some of the concerns with it, especially the big one: how well will it do in a world of high interest rates?  Assuming we ever see a world of high interest rates, it may not provide a great return. The authors make the assumption that interest rates will be rising in the future, thus the permanent portfolio is riskier than a traditional 60/40.  As we're seeing in Europe, I think we're headed for a world of negative interest rates - something in the past most advisers have thought was very unlikely.  I don't know if we'll see interest rates above 6% in my lifetime and if I live as long as my father, that's a good 60+ years ahead. (I realize people will think this is crazy to write, but consider that people are willing to pay governments money to hold their cash - that's how crazy our world is and I don't see this changing.)"


Quote driven markets are the predecessors to the modern securities market. Before electronic trading and HFTs specifically, trading was thin and onerous.  Today, the average investor can open up a web page, type in a security, and buy at the narrowest spread permitted by regulators with anyone else who wants to take the other side. Before the lines between market maker and speculator became blurred to indistinction, a market maker was one who was contractually obligated to an exchange to provide a bid and ask for a given security on said exchange even though at heart a market maker is still simply a trader despite the obligation.  A market maker would simultaneously buy a large amount of securities privately and short the same amount to have no directional bias, exposure to the direction of the security, and commence to making the market.  The market maker would estimate its cost basis for the security based upon those initial trades and provide a bid and ask appropriate for the given level of volume.  If volumes were high, the spread would be low and vice versa. Market makers who survived crashes and spikes would forgo the potential profit in always providing a steady price and spread, ie increased volume otherwise known as revenue, to maintain no directional bias.  In other words, if there were suddenly many buyers and no sellers, hitting the market maker's ask, the MM would raise the ask rapidly in proportion to the increased exposure while leaving the bid somewhere below the cost basis.  Eventually, a seller would arise and hit the MM's bid, bringing the market maker's inventory back into balance, and narrowing the spread that particular MM could provide since a responsible MM's ask could rise very high very quickly if a lack of its volume relative to its inventory made inventory too costly.  This was temporarily extremely costly to the trader if there were few market makers on the security the trader was trading or already exposed to. Market makers prefer to profit from the spread, bidding below some predetermined price, based upon the cost basis of the market maker's inventory, while asking above that same predetermined cost basis.  Traders profit from taking exposure to a security's direction or lack thereof in the case of some options traders. Because of electronic trading, liquidity rebates offered by exchanges not only to contractually obligated official market makers but also to any trader who posts a limit order that another trader hits, and algorithms that become better by the day, market making HFTs have supplanted the traditional market maker, and there are many HFTs where there previously were few official market makers.  This speed and diversification of risk across many many algorithmically market making HFTs have kept spreads to the minimum on large equities and have reduced the same for the smallest equities on major exchanges. Orders and quotes are essentially identical.  Both are double sided auction markets with impermenant bids and asks.  The difference lies in that non-market makers, specialists, etc. orders are not shown to the rest of the market, providing an informational advantage to MMs and an informational disadvantage to the trader.  Before electronic trading, this construct was of no consequence since trader orders were infrequent.  With the prevalence of HFTs, the informational disadvantage has become more costly, so order driven markets now prevail with much lower spreads and accelerated volumes even though market share for the major exchanges has dropped rapidly and hyperaccelerated number of trades even though the size of individual trades have fallen. The worst aspect of the quote driven market was that traders could not directly trade with each other, so all trades had to go between a market maker, specialist, etc.  While this may seem to have increased cost to a trader who could only trade with another trader by being arbitraged by a MM et al, paying more than what another trader was willing to sell, these costs were dwarfed by the potential absence of those market makers.  Without a bid or ask at any given time, there could be no trade, so the costs were momentarily infinite. In essence, a quote driven market protects market makers from the competition of traders.  While necessary in the days where paper receipts were carted from brokerage to brokerage, and the trader did not dedicate itself to round the clock trading, it has no place in a computerized market.  It is more costly to the trader to use such a market, explaining quote driven markets' rapid exit.


>Americans have this blind faith in American car companies.   More like they use to, not any more.  They arguably have more faith in the Asian car brands because of the quality alone.  I mean just look at Kia/Hyundai who improve their cars and people buying their cars so much that Toyota see's them as a major threat.


Your best bet is to talk with a banker about your specific plans.   One of the causes of the housing crash was an 80/20 loan.  There you would get a first for 80% of the value of a home and 20% on a HELOC for the rest.  This would help the buyer avoid PMI.  Editorially, the reason this was popular was because the buyer could not afford the home with the PMI and did not have a down payment.  They were simply cutting things too close. Could you find a banker willing to do something like this, I bet you could. In your case it seems like you are attempting to increase the value of your home by using money to do an improvement so the situation is better.  However, sizable improvements rarely return 100% or more on investments.  Typically, I would think, the bank would want you to have some money invested too.  So if you wanted to put in a pool, a smart banker would have you put in about 60% of the costs as pools typically have a 40% ROI.   However, I bet you can find a banker that would loan you 100%. You don't seem to be looking for advice on making a smart money decision, and it is difficult to render a verdict as very little detail is supplied about your specific situation. However, while certain decisions might look very profitable on paper, they rarely take into consideration risk.


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The implication is we don't even have to build houses or make cars to get 6%, you just take it out of their wallet directly. For a business subreddit this whole thread is nothing but butthurt debtor faggotry.


http://www.russellsage.org/sites/default/files/real-purchasing-power-large_0.jpg  Source for my information... This was cited by a Business Insider article as well as pew...   http://www.thepeoplehistory.com/1968.html  In 1968 the apartments cost average was $130, this is the equivalent of $925in 2016  http://www.saving.org/inflation/inflation.php?amount=130&year=1968  Currently, it looks like the national average is about 970, only slightly higher...  http://www.deptofnumbers.com/rent/us/  Therefore, I do believe a $10 an hour minimum wage would more than compensate for increased rents equivalent to the precedent set in 1968....


Most US states have rules that go something like this: You will almost certainly have to pay some registration fees, as noted above.  Depending on how you organize, you may or may not need to file a separate tax return for the business. (If you're sole proprietor for tax purposes, then you file on Schedule C on your personal Form 1040.)  Whether or not you pay taxes depends on whether you have net income.  It's possible that some losses might also be deductible. (Note that you may have to file a return even if you don't have net income - Filing and needing to pay are not the same since your return may indicate no tax due.)  In addition, at the state level, you may have to pay additional fees or taxes beyond income tax depending on what you sell and how you sell it. (Sales tax, for example, might come into play as might franchise taxes.)  You'll need to check your own state law for that. As always, it could be wise to get professional tax and accounting advice that's tailored to your situation and your state.  This is just an outline of some things that you'll need to consider.


Like @chirs, I'm of the opinion that you might want to buy more. I've done this a couple of times, price dropped a bunch, and I said, heck, I bought some last week, and this week I can get twice as much stock for about the same price. Brought down my average cost per share, and when the company was taken private, I actually didn't lose money - unlike some other people I know, who only bought at one price, watched the drop, and held on awaiting a recovery (which didn't happen in time before the big money swooped in on it). But to do this, you need to keep cash reserves (that, like @afforess says, you can afford to lose all of) on hand, awaiting buying opportunities.  This, too, is a cost - an opportunity cost.


Good. A free press is not an excuse to blatantly lie and panick monger based on public irrationality and ignorance. PepsiCo et al. could/should take the lesson to heart with GMOs, stupid consumers and lying media companies should lead companies to stand up for their products, now cower and back down.


One of the most time-consuming activities performed in the Finance function involves the processing, categorisation and cost allocations of expenditure items. In a larger department this is a regular process requiring dedicated staff, and increases in intensity at period end, when it can often absorb additional resource.  The key objective of this process for the business is a fair and correct distribution of expense allocations for each business unit, so that true costs may be recorded and profitability accurately assessed. It is also important to be able to compare actual expense allocations with budgeted values, on a monthly and year-to-date basis, in order to spot issues and trends early and to support efficient cost control. https://www.accountagility.com/solutions/cost-allocation-and-expense-allocation/