There's no reason you can't just spend the money on qualified medical expenses in your new locale without the penalty. If you are determined to take the money and the penalty, you can close the account and have a check sent to you by contacting the financial institution.


Yeah I get that. But there are literally people who make a very good living by simply shorting small/micro caps that pop for no particular reason. Imagine if you shorted DCTH after it went from .05 to .31 Now it sits at .16 and will likely fall to .10 and under. Those are where the money making opportunities are now. Hit a home run on the way up and double your gains on the way back down.


Could you explain that further? Maybe so a laymen could understand. Many people in other threads made a big deal out of those debts but here people seem to agree that its quite normal or even beneficial for a company with huge growth rates like netflix.


Oh, thank god. They can just print their way out! That will solve all their economic problems!   Oh wait. That would just cause basic food and energy costs to skyrocket while destroying savings even more. Sure, maybe exporters would get a boon, but Japan kind of has to import a lot too. All printing money would do is make 5% of the people richer while making 95% of them poorer.


I'll take the $9bn, the specific cash balance problem will get smaller, and we'll have a really interesting shareholder letter to read next year. I'll even make an appearance at the annual meeting and talk about what I'm doing with the money.


"You're confusing a specific visual representation of the top bid & ask orders selected from the order book with the actual ""top of the book"".  ""Top"" in the sense of the ""top of the book"" is a ranking (by order of ""best"", different for bids vs. asks) and not meant to be strictly a visual positioning on a page or screen. The data in the visual representation comes from the top of the order book (the best bids, and the best asks), but that visual representation is choosing to present it in a specific way. Think of the ""book"" as the model, the abstract collection of outstanding bid and ask order data.  When people talk about the ""top of the book"", they're talking about the best bids (higher being better), and the best asks (lower being better). The visual representation above is but one possible way to render a tip-of-the-iceberg view of the best orders in the ""book"".  The advantage of that particular visual representation is that one can see the asks & bids converging towards the center.  The spread is visible as the difference between the two middle elements – being the lowest row in the blue ""Asks"" area, and the highest row in the green ""Bids"" area. The up-arrow they had included in the ""Asks"" area was perhaps meant to provide a clue about how the data was sorted contrary to expectations of descending order of ""bestness"", and/or to imply there is further depth to the book data in the indicated direction. If the bids & asks had been oriented side-by-side instead, they might have chosen to represent it as below, re-arranging the rows in the ""Asks"" in the opposite order (i.e. in the order you had expected) so that the ""bests"" are both in the top row:"


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Costs for home / small business equipment under US$10,000 don't have to  be capitalized. They can be expensed (that is, claimed as an expense all in one year.)  Unless this printer is one of those behemoths that collates, folds, staples, and mails medium-sized booklets, it cost less than that. Keep track of your costs. Ask the charity to pay you those costs for the product you generate, and then donate that amount of money back to them. This will be good for the charity because they'll correctly account for the cost of printing.


"Based on what you asked and your various comments on other answers, this is the first time that you will be making an offer to buy a house, and it seems that the seller is not using a real-estate agent to sell the house, that is, it is what is called a FSBO (for sale by owner) property (and you can learn a lot of about the seller's perspective by visiting fsbo.com). On the other hand, you are a FTB (first-time buyer) and I strongly recommend that you find out about the purchase process by Googling for ""first-time home buyer"" and reading some of the articles there. But most important, I urge you DO NOT make a written offer to purchase the property until you understand a lot more than you currently do, and a lot more than all the answers here are telling you about making an offer to buy this property.  Even when you feel absolutely confident that you understand everything, hire a real-estate lawyer or a real-estate agent to write the actual offer itself (the agent might well use a standard purchase offer form that his company uses, or the State mandates, and just fill in the blanks). Yes, you will need to pay a fee to these people but it is very important for your own protection, and so don't just wing it when making an offer to purchase. As to how much you should offer, it depends on how much you can afford to pay. I will ignore the possibility that you are rich enough that you can pay cash for the purchase and assume that you will, like most people, be needing to get a mortgage loan to buy the house. Most banks prefer not to lend more than 80% of the appraised value of the house, with the balance of the purchase price coming from your personal funds. They will in some cases, loan more than 80% but will usually charge higher interest rate on the loan, require you to pay mortgage insurance, etc. Now, the appraised value is not determined until the bank sends its own appraiser to look at the property, and this does not happen until your bid has been accepted by the seller. What if your bid (say $500K) is much larger than the appraised value $400K on which the bank is willing to lend you only $320K ? Well, you can still proceed with the deal if you have $180K available to make the pay the rest. Or, you can let the deal fall apart if you have made a properly written offer that contains the usual contingency clause that you will be applying for a mortgage of $400K at rate not to exceed x% and that if you can't get a mortgage commitment within y days, the deal is off. Absent such a clause, you will lose the earnest money that you put into escrow for failure to follow through with the contract to purchase for $500K.  Making an offer in the same ballpark as the market value lessens the chances of having the deal fall through. Note also that even if the appraised value is $500K, the bank might refuse to lend you $400K if your loan application and credit report suggest that you will have difficulty making the payments on a $400K mortgage.  It is a good idea to get a pre-approval from a lender saying that based on the financial information that you have provided, you will likely be approved for a mortgage of $Z (that is, the bank thinks that you can afford the payments on a mortgage of as much as $Z). That way, you have some feel for how much house you can afford, and that should affect what kinds of property you should be bidding on."


No, your point seems to be that markets will handle this issue by themselves. Heroin users rarely kick the habit without help; like you said, they just use until they die. That is a perfect example of why the government should get involved.


"The real answer is ""Why do you want to waste a windfall chasing quick returns?""  Instead, use this windfall to improve your financial situation, and maybe boost you toward financial independence, or at least a secure retirement.  In simplest terms, forget the short term, go for long term.  Whatever you do, avoid lifestyle creep."


Still I wonder, and please explain my wrongness. If Greece started a building project, that would pay a group of workers, the workers would get money to pay for their demand (the crisis is not led by demand, rather by lack of private money, yes?). Now this money starts to circulate and different factories suddenly get paid more, because the workers are buying stuff. To keep up with this new demand, the factories employ new workers, which in turn, get paid and then buys more stuff from other companies. I know this is very simplistic, but why would it not work this way if the government started building projects?


"From The Coca-Cola Company website, section for Investors: Stock History, Issues Year 1919 Original issue -- 600,000 shares 100,000 preferred, par $100 each 500,000 common, without nominal or par value 1926 Eliminated 100,000 preferred in November. This means there were preferred shares issued in 1919. However, all preferred shares were ""eliminated"" (not sure what that means) as of 1926. There has been no subsequent reissuance of preferred shares of Coca-Cola since then. I think the company is still authorized to issue them, should they choose to do so in the future."


"This happens to us all the time. I've lost count of how many times we get asked for thousands of dollars in product for free for ""exposure"" and I'm just like zzzzz. Please. I wasn't born yesterday. Fuck off."


God god . .did mama drop you on your head during delivery? You bleeding imbecile, if the FED is holding all of the governments Debt, and the FED is not a sovereign or an external buyer, what happens when you raise the debt ceiling? The Fed controls the money supply . .yes  The FED buys more Ts with what?  your mothers underwear?  It creates more money, it puts its hand in your ass and pulls out another Trillion Dollars.  Now don't breed you fucking imbecile . .you alone will bring Americas IQ below trumps


To my knowledge, there shouldn't be a limit on the amount you can receive as a gift, and gifts are not considered income to you; they are not taxable for the recipient.  Depending on the size of the wire transfer, it may be reported by the bank to the government, but there is no limit, and it should not be a concern to you.  (I don't think that $2500 is large enough to be reportable anyway.) Having said that, this might be a good question to ask your international student advisor at your school to make sure he or she agrees. There is a very similar question on Avvo.com (a legal question-and-answer site) that agrees: Limit to transfer money to students on f1 visa.


To add to ChrisInEdmonton's answer: Your conveyancing solicitor should be able to advise on the details, but a typical arrangement involves: As an alternative to the numbers in Chris' answer, it could be argued that you should first be reimbursed for the fees you paid (accounting for inflation), but that any remaining profits from the property itself should be divided in proportion to your individual investments (so 51.6% to you, and 48.4% to your partner, assuming you contribute to the loans equally).


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Icelandish and Irish Economies began to fail in 2008, Ireland was bailed out by the IMF and Britain, Iceland by the Germany and the IMF. Greek economy has essentially failed, and is at risk of being kicked out of the Euro currency by the Eurozone members. Spanish and Italian economies are faltering. Worst case scenario, everybody can't pay back money and keep accumulating debt, which would lead to a complete collapse of the European economy, resulting in a global economic meltdown. Germany currently are in control of al lot of countries debts (especially Ireland) which means that they will become the main players in decisions regarding the proliferation/faltering of the european economy in the future.


"What about getting the saving account - ""Bausparen"" (~100EUR/month) which you can later use for credit to get better mortgage deal and to buy a flat for renting to others (Anlegerwohnung)?"


"Sigh.  A-duh.  Anything to do with media distribution is dead. Anything to do with transportation (driving) is dead. Anything to do with manufacturing is dead. Construction will be dead not long after.  Computer programmers and robotic engineers are in high demand though. How come politicians are never asked ""What will people do with so many industries going under?"""


"I was in the health insurance game for 10 years and never heard of this until the Affordable Care Act came about.  To my knowledge, there is no rule or regulation prohibiting it, however trying to get an insurer underwrite that risk is extremely unlikely. It's the same reason why you don't see AAA offering health insurance. There isn't a contractual relationship between the church and their constituents, so no underwriter worth their salt would put a reasonable price on that risk.   Members can easily come and go, and since insurance through your employer is still the dominant distribution channel for health insurance, it would be seen as an adverse risk, meaning that people who couldn't get it through ""normal"" channels must be getting it through the church, which it would then be assumed that this person applying for coverage is an ""adverse risk"" or someone who is abnormally unhealthy.  There are faith-based healthcare reimbursement programs that are NOT health insurance and do not satisfy the ACA required minimum coverages. From what I've seen and read, it's basically members of the religion or faith that pay money into the system (like paying an insurance premium) and they elect a board that basically evaluates each claim and pays or doesn't pay it, either partially or in full. While this is a nice way to get your bills paid, odds are it won't cover your $300,000 cancer treatment or your $50,000 cesarean section birth."


Depends on your time scale, but generally, I don't think it would work. What you'd really be betting on in this case is mean-reversal, which does not hold true in the equity universe (atleast not in the long run). If you look at the historical prices of the S&P, you'll notice it increases in terms of absolute dollar value. On the short term, however, if you feel the market has significantly undervalued or overvalued a security, then mean-reversal might be a reasonable bet to make. In that scenario, however, it seems to me that you are really looking for a volatility trade, in which case you might want to consider a straddle position using options. Here, the bet you'd be making is that the price at expiration will be inside a certain band (or outside the band, depending on your position).


I mean the risk free rate on 100 year notes averages out to like 4.9%. The UST extrapolated to a 100 year note would be around 5.5%.   7.9% isn't a good risk premium for a country that just did a horrible job on the 95bn default - the whole country looked and behaved cluelessly in the proceedings. Argentina should try to sell as many of these as they possibly can, it's way too good of a deal for a country that handles default proceedings as if they don't owe anyone anything. I hate the way they act, it's like they expect everyone to bend over to their absolutely incompetence in running the country into the ground.  The default rate has to be under 100 for them to make any sales so these are more like activist investor bait.


innovation does not make money without those protections. In said dog eat dog enviroment the best bet is to be the big guy who can roll out a copy in a week.  copyright could use a roll back to sensible levels however patents are still reasonable.


"If there was still money in the account when it was closed, the bank would have turned over the cash to the state where they operated. Search Google for ""unclaimed property <state name>"" for the unclaimed property department of the state. The state's website will show if there is money for you."


It's just like any other ad, the idea isn't necessarily for you to go to Gatorade.com and get a truckload delivered as soon as you see their TV ad when watching ESPN- the goal is to put the brand in your mind.  3 days later you're at the store and on the juice and soda aisle and are thinking 'why get a case of Pepsi when I can grab some Gatorade and be a little healthier like LeBron James, I work out sometimes, probably I need to stay better hydrated.'  Swap out the product of your choice appropriately if that metaphor doesn't fly for you. You're scrolling through Google results and see a Galaxy S8 ad and you're more likely to give them a look when you're shopping for your next phone- they're not expecting you to go to the website and buy one now, but based on your search history they know you're into technology (you googled 'best phone 2017' once), your phone plan is probably ending soon (you searched 'sprint contract'), your carrier sells the S8 (from that time you clicked a link reading 'how to avoid sprint early termination fee') and you like being on the cutting edge of stuff (you watched a video entitled 'is my iPhone waterproof'). Boom- you're the target market.   There's a couple million people just like you- which is why ad impressions are as important as click-throughs and are billed appropriately. Sure- the guy that clicks the link is more likely to buy, but you read it and are thinking about it- so on the aisle you'll think 'Gatorade, eh, why not?'.


While you have found a way to possibly gain $1275 in tax free income, you are also risking $1275 if you end up not using the money you contributed. You will have to find a way to have that much in medical expenses by your retirement date or you will leave some money in the Flexible Spending Account. There are risks you take with these accounts (use it or lose it) and risks the company takes (leave with a deficit in the account). Many times we get questions about how to spend all that the employee contributed before the last day of work, or the end of the plan year.  You can play it more fair by selecting the maximum amount per check to be taken from your pay check, then waiting until the retirement date to decide how much you will withdraw from the FSA. Your last day of work is your last day to incur a medical expense but you are given a window to submit your claims that extends beyond your last day of work.  I have not personally heard of an employer requiring a former employee to pay back the money when there is a  deficit in their FSA.  Remember people are fired, or laid off with little or no warning trapping their money in a FSA. The fact that you have the ability to plan for this event and considered your options, is a great position to be in.


"You have 60 days from the time it came out to deposit the money into an IRA. Tell the IRA custodian it's not a 2012 deposit, but a rollover from a 401(k).  Last - it's practice for these withdrawals to have 20% withheld. Be sure to deposit the full amount (i.e. add back in the 20% withheld) and also be sure it's all reconciled on your 2012 tax return.  Edit - to answer your comment/question. ""Most"" likely, if the account was worth, say $10,000, you would have only received $8000, as 20% is withheld for taxes. So, you have $8000 in your hands, but to roll over the full amount, you come up with an extra $2000, and give the new IRA custodian $10000. Now, in April, 2013, you need to remember the old 401(k) custodian sent the IRS that $2000. It's tax you paid, and all other things being equal, you'll get it back then."


To safeguard all of your possessions and shield your house from problems, setting solar roof exhaust fan is definitely the answer. For the majority of us, the attic is often a place to keep clothing, suitcases as well as old family photographs. However for energy experts it is the red hot issue of debate. Within the last several years, building codes have required greater attic room insulation. Many experts say a properly ventilated attic room makes the home much more comfortable in the summer months and also protects from damp, warmed air accumulating in the winter season.


The fact that you don't even know what's wrong with what you said is telling. Everything you've said screams of someone who has no understanding of the situations that I'm referencing.   The advice you gave is great....for ~5% of the people in such a situation. For most people working for $8/hr, going to school, moving to a new city, missing work to go on job interviews just flat out is not an option. If you stepped out of your ivory tower once in a while, you might understand that.


I'm sure Nintendo made that statement to stem what will clearly be an upset during the next quarterly report.  This statement was simply a reminder to investors to avoid the stick price climbing ever higher only to crash when the financial situation of the company isn't significantly different from the prior quarter. This is just spelling out the reality of Nintendo's involvement with the Pokemon brand and Pokemon Go game and the fact that the games release and associated income was already included in the guidance released last quarter. Nintendo's stock has just about doubled and there likely won't be associated income to support that come the quarterly report.


Working with recent Harvard and other MBAs, I can testify that most (not all, but most) are bullshit artists and clueless.  Very few are business smart. Actually, very few of them are interested in growing a business or building a business. Most of them are about making money for themselves, the hell with the business and customers.


If this matters to you a lot, I agree you should leave. My primary bank account raised chequing account and transaction fees. I left. When I was closing my account the teller asked for the reason (they needed to fill out a form) and I explained it was the monthly fees. Eventually, if a bank gets enough of these, they will change. I want to get back those features for the same price it cost when I opened it They are in their rights to cancel features or raise prices. Just as you are in your rights to withdraw if they don't give you a deal. The reason why I mention this is that this approach is comical in some instances. A grocery store may raise the price of carrots. Typically you either deal with it or change stores. Prices rise occasionally. thus they will lose a lot of money from my savings From my understanding, a bank makes a large chunk of their money from fees. Very little is from the floating kitty they can have because of your savings. If you have an investment account with your bank (not recommended) or your mortgage, that would matter more. I've had friends who have left banks (and moved their mortgages) because of the bank not giving them a better rate. Does the manager have any pressure into keeping the account to the point of giving away free products to keep the costumer or they don't really care? Depends. I've probably say no. One data point is an anecdote; it is expected in a client base of thousands that a few will leave for seemingly random reasons. Only if mass amounts of clients leave or complain will the manager or company care. A note: some banks waive monthly account or service fees if you keep a minimal account balance. I have one friend who keeps X thousand in his bank account to save the account fee; he budgets a month ahead of time and savings account rates are 0% so this costs him nothing.


You could also switch to CreditKarma to file taxes, it's 100% free and just launched. I'm not affiliated with them, just bringing up an alternative.


How are unions leverage in this situation?  The jobs demonstrably *can* be done elsewhere, the questions is one total cost (both monetary and with respect to other factors, such as quality, timeliness, and intangibles such as company reputation and public opinion).  Unions are great when the jobs are not easily mobile, or when the issues at hand are legal and the collective resources of the union allows for more effective legal action.  They're also effective when the issues are incremental (i.e. of relatively low overall cost), because the union serves (almost by definition) to organize and focus the resources of the group into addressing the groups concerns and desires.  The only *really* effective leverage is to have a skill set that is costly to replace.


Okay, hang on. I'm with you right up until frozen fish. 99% of people, freezing fish, will destroy it and make it worthless. It's gotta be flash frozen. Anything else, and your fish is garbage.   ....I live in a port town. I have opinions.


Approximately 25% of all cars sold last year were leased, which is the highest on record. When you are leasing you don't own the car, instead you are basically renting it for a fixed term, and turning it back to the dealership.  It is very cost effective, because the manufacturers have a keen interest in making lots of cars. They are often subsidizing the lease by giving incentives to the dealer. They are gambling on the future value of their cars. They can lose on that gamble. The car business has turned into a financial nightmare for the car companies; they have huge development costs as the cars become more like mobile computing platforms loaded with sensors, and software that is constantly changing.  They can't hold a model for 20 years like Mercedes was able to do in the past. Now they have to constantly update their products. The only way to survive as a car maker is to pump out volume, and the leasing programs, which are quietly being underwritten by the manufacturers help them increase the production quantities, which helps lower the fixed development costs. If only the defense contractors could do this! they are stuck spending billions to build 20 planes, and so each one has a staggering price tag.  In the future, the car companies that will survive are those that have terrific credit, and low borrowing costs. That means Japanese and Germans will own the car business entirely in the end, and countries with higher borrowing costs (like America and Brasil) will not be competitive. Luckily Ford is so frugal, due to the lingering spirit of  its founder, that they can hold out. One thing strongly in favor of leasing is that you have zero maintenance costs typically. The repair risk is significant in luxury cars.  When you buy a 10 year old BMW, and when the tranny goes, it costs a fortune. Having a superb car for 30 months for a few hundred bucks a month is something a lot of people enjoy doing. Who can blame them? you spend an hour or 2 a day in your car, and why not live in a nice place?


"https://www.wallstreetoasis.com/forums/corporate-strategy-vs-corporate-development  https://www.mergersandinquisitions.com/corporate-finance-jobs/  https://www.mergersandinquisitions.com/day-in-life-corporate-finance-analyst/  https://www.quora.com/Strategic-Management-What-is-the-typical-day-in-the-life-of-a-corporate-strategy-consultant  https://www.mergersandinquisitions.com/corporate-development-on-the-job/  Legit after 5 minutes of googling...and using the search bar in reddit for these jobs...  Actually, since you edited your response, here's why I found it kinda naive. You have a pretty good gig as a petroleum engineer in a F500 company. The only thing in your description that you're interested in a job is a corporate job. Which is for the most part all professional jobs. Its ok to be curious, but saying ""I don't like engineering but I like corporate jobs so tell me about corporate sounding jobs even though google has tons of articles on it"" sounds entitled and naive.    Corporate finance (Controllers, FP&A, Treasury) is a catch-all for jobs that quantify and manage a company's money. This includes figuring out how much money the business is making, budgeting, and gaining access to money for future plans. They spend most of their day on excel, browsing reddit, and complaining that other departments don't take them seriously. There is work-life balance, unless your company is at risk of bankruptcy, but pay will likely be the least of this group.    Corporate strategy/development is about finding ways to achieve the vision/goals of the C-suite. Corporate development usually are ex-IB people and focused on finding companies to acquire, integrate, and achieve the goals of the acquisition (synergies, returns on investment, technology/product acquisition). Corporate strategy is usually broader and could be focused on improving the brand, figuring out new uses for a product, finding new partners, or generally looking for good ideas to improve the company.    Business development usually is about growing the company through finding new customers, markets, or partnerships. Instead of selling specific products or services, you're selling your company's abilities and brand.   I'd say, with your engineering background, if you can swing a corporate strategy gig, you'd have the greatest opps for any VP you decide. I'd say if you want to sell or are good at selling, then business development may be compelling. If I were you, corporate finance would be the least appealing unless you are truly interested in finance."


If you have flow through income then you arent being taxed at the corporate rate you are being taxed at your personal income tax rate which wont change so raising or lowering the corporate tax rate wont change that at all. Like he said tax rich people not corporations. If people just had a better understanding there wouldn't be really anybody opposed to it.


The first 10-30k may have some issues. Nissan had frame / battery problems with the first 30k Leaf's.This is the reason that the first 10k T3 will be going to employees. Second 10k to loyal Model S / X owners and third 10k to buyers in CA near the factory.  I have a friend that had one of the first Model X,  it took almost a year to work out all of the issues, but everything is working now and they are happy!


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"Banks are in it to make money. But they're expected to provide a social good which powers our economy: secure money storage (bank accounts) and cashless transactions (credit/debit cards).  And the government does not subsidize this.  In fact, banks are being squeezed. Prudent customers dislike paying the proper cost of their account's maintenance (say, a $50/year fee for a credit card, or $9/month for a checking account) - they want it free.  Meanwhile government is pretty aggressive about preventing ""fine print"" trickery that would let them recover costs other ways.  However there isn't much sympathy for consumers who make trivial mistakes - whether they be technical (overdraft, late fee) or money-management mistakes (like doing balance transfers or getting fooled by promotional interest rates).  So that's where banks are able to make their money: when people are imprudent.  The upshot is that it's hard for a bank to make money on a prudent careful customer; those end up getting ""subsidized"" by the less-careful customers who pay fees and buy high-margin products like balance transfers.  And this has created a perverse incentive: banks make more money when they actively encourage customers to be imprudent.  Here, the 0% interest is to make you cocky about running up a balance, or doing balance transfers at a barely-mentioned fee of 3-5%. They know most Americans don't have $500 in the bank and you won't be able to promptly pay it off right before the 0% rate ends.  (or you'll forget).  And this works - that's why they do it.   By law, you already get 0% interest on purchases when you pay the card in full every month.  So if that's your goal, you already have it.  In theory, the banks collect about 1.5% from every transaction you do, and certainly in your mind's eye, you'd think that would be enough to get by without charging interest.  That doesn't work, though.  The problem is, such a no-interest card would attract people who carry large balances.  That would have two negative impacts: First the bank would have to spend money reborrowing, and second, the bank would have huge exposure to credit card defaults.   The thing to remember is the banks are not nice guys and are not here to serve  you.  They're here to use you to make money, and they're not beneath encouraging you to do things that are actually bad for you. Caveat Emptor."


Common now, you know that's not the kind of income people are talking about.  It is usefull information for someone that didn't know but the way it is worded it just seems designed to derail the conversation rather than inform it.


Ugh.  The problem is, we let corporations and money lobby.  They spread misinformation in their favor, the ill informed congress doesn’t have a chance to verify all the information they face, there is no “Devil’s Advocate” in place, and we get stupid bills passed.  Just instituting a “Devil’s Advocate” group that opposes all bills would relieve a lot of the issues.


Windows 10 is technically more stable and can run for months at a time, but Microsoft has decided that they think it's ok to force the computer to restart after updates are installed, without even asking the user for permission first. So you're probably just one of millions of victims of that issue.  Countless numbers of people continue to lose data, and many don't even know why, all because Microsoft is making a horrible decision and refuses to fix it.  They've even made it harder to turn off the forced restarts in most versions of Windows now.  Aside from that, Windows 10 is actually pretty good compared to previous Windows versions.


> On Wednesday, shares closed at $739.50, while the bitcoin it holds were worth less than $373, according to the issuer.  This amazes me.  Intense speculation on a shell that represents a currency driven by intense speculation and high volatility.  Why would anyone double down on this?


Agree wholeheartedly with the first point - keep track! It's like losing weight, the first step is to be aware of what you are doing.  It also helps to have a goal (e.g. pay for a trip to Australia, have X in my savings account), and then with each purchase ask 'what will I do with this when I go to Australia' or 'how does this help towards goal x?' Thrift stores and the like require some time searching but can be good value. If you think you need something, watch for sales too.


Let me opt out of the parts I don't want to pay for, then. I'll gladly not pay for Social Security, Medicare/Medicaid, Welfare, Unemployment, etc. and not receive the benefits, for starters!  I'm not costing the government anything by existing here and doing business with people. In fact, I'm paying taxes indirectly for services I'm not receiving.


If you are looking at long-term investments then you can look to Dheer's answer and see that it doesn't matter whether the money is large or small, the return will be the same.  When it comes to shorter-term investments, it can actually pay to be a smaller investor. Consider a stock that may not be trading in high volume. If I want to take a position for 2,000 shares, I can probably buy it quite quickly without moving the market considerably.  If I was managing your hypothetical portfolio opening a position for 1,000,000 shares, it can cause the price to go up significantly because I have to execute the order very carefully in order to not tip my hand to the market that I want a million shares.  Algorithmic traders will see the volume increasing on those shares and will raise their asking price. High speed traders and market makers will also cause a lot of purchasing overhead. Then later when it comes time to sell, I will lose a percentage to the price drop as I start flooding the market with available shares.


This is similar to the overnight lending rate set by the US Federal Reserve Board. If money is more expensive to borrow (higher interest rate) then less will be borrowed.  Commercial and consumer loan rates follow up or down via market pressures (though possibly to a lesser extent in China) to adjust to the new central bank rate. Money creation is driven in part by fractional reserve banking: banks are required to have but a small percentage of deposits on hand in cash, and the rest can be lent out, deposited in another bank that has the same fractional reserve requirement, and that money can be lent out, etc.  Higher interest rates dampen this lending activity, so inflation is toned down.


No. It's the total on the bill statement that's reported, not the daily value. Pay before the bill is cut and you are fine. This is a great strategy for those who find their line to be too low.  Update - when I answered this, it was true, and pretty much went unchallenged. Some months back, a card I use changed banks. And my score blipped down. I had been on the habit of paying most of my balance in full the day of, or day before the statement was cut. I saw the balance reported on this card was as of the last day of the month, not the amount billed. I started paying the card's full balance on the 30/31 and the score returned to normal. This was the first I'd ever seen this, and no other member here has shared the same experience, yet.


Subprime loans typically pay a higher rate of interest. If you earn 10% on a subprime loan and 4% don't pay you earn 6%. If you earn 5% on a prime loan and 1% don't pay you earn 4%.   During the years up to the financial crisis a lot of subprime loans were sold to investors, earning the originating banks money from fees. If you can make a $1K loan and sell it to an investor for $1050, that's a damn good business.   Subprime lending isn't so much about being good at picking borrowers, it's more about being good at collecting. Different skill set.


"When you buy a stock, you're really paying for a STREAM of earnings, from now till whenever. The job of an investor is to figure out how large that stream will be in the future. But if the stock price were the same as ""earnings"" (for one year), it would mean that you would get all future earnings for ""free."" That's not likely to happen unless 1) the company is in liquidation,"" meaning ""no future"" and 2) it earned ALL of the money it ever earned in the past year, meaning ""no past."" If there are likely to be any earnings in the future, you will have to pay for those future earnings, over and above what was earned in the most recent year."


And it was just as true when he said it in previous years, while the exact year is unpredictable that much is certain: Sooner rather than latter the chickens will come home to roost. You don't believe this is an actual sustainable boom right ?


"This seems like a huge advantage for a Roth to the point where I can't   figure out why anyone would choose a traditional. You are missing something called the time value of money. This is the concept that a certain amount of money now has the same value as a bigger amount of money later. Basically, you wouldn't be willing to give up an amount of money now and get the same amount of money later -- you need to get a larger amount later to be willing to exchange it for a certain amount now. So that larger amount later has the same value to you than that smaller amount now. This is the idea behind interest and investment returns. When you make an investment, and it earns interest or gains over a period of time, in effect that final amount of money (principal + interest) has the same value as the principal when you started, because that final amount was grown from the original principal. So whether you are taxed on the principal in the beginning (as in Roth IRA) or on the principal + interest at the end (as in Traditional IRA), you are still taxed on the same value of money. And if the tax rates are the same between now and in the future, then you pay the same value in taxes in both cases. Roth would only be better than Traditional if the tax rates are lower now than when you take it out; and Traditional would only be better than Roth if the tax rates are higher now than when you take it out. Let's consider a simple example to demonstrate that the two are equivalent if the tax rates (assuming a flat tax, because tax brackets introduce other complications) are the same now and when you take it out. In both cases, you start with $1000 pre-tax wages, you invest it for 10 years in a place with guaranteed 5% returns per year adn then take it out, there are no penalties for withdrawal, and there is a flat 25% tax now and in the future. Note that you are left with the same amount of money in both cases. This arises from the associativity of multiplication. Note that Roth IRA has a higher effective ""limit"" than Traditional IRA, because the nominal limit is the same for both, but Roth is post-tax. So if you contribute to near the limit, where Traditional can no longer match the value that Roth can contribute, then the comparison no longer applies. The $1000 in this example is below the limit for both."


"Although Social Security & Medicare have been known to be some of the most efficient government-run programs, their future is dismal. With increase in life expectancy and rising unemployment (and extensions on unemployment insurance), something has to give. Because of the severe recession, Medicare is now paying out more than it receives.   Some of the programs I think the federal government spends too much money on include: agricultural subsidies,""nudge""-style 'tax expenditures/selective tax breaks; and land-based Cold War military systems."


"The obvious advantage is turning your biggest liability into an income-generating asset. The downside are: (1), you have to find tenants (postings, time to show the place, credit/background check, and etc) (2), you have to deal with tenants (collection of rent, repairs of things that broke by itself, complaints from neighbors, termination, and etc) (3), you have to deal with the repairs In many ways, it's no different from running another (small) business, so it all boils down to how much time you are willing to invest and how handy you are in doing reno's and/or small repairs around the house. For profitability/ROI analysis, you want to assume collection of 11 months of rent per year (i.e. assume tenant doesn't renew after year, so you have the worst case scenario) and factor in all the associated expense (be honest).  Renting out a second property is a bit tricky as you often have to deal with a large operating expense (i.e. mortgage), and renting a basement apartment is not bad financially and you will have to get used to have ""strangers"" downstairs."


Overall level of debt doesn't matter what matters is debt to cash flow or economic reasources. Sure debt is higher now, but so is GDP. Debt to cash flow looks healthy in the government (ex PR, IL, etc.), consumer, banking, and corporate sectors of the economy.  I think your falling for the Representativeness behavioral finance bias. Just because the last two crashes were caused by major bubbles doesn't mean the next market downturn will be. Prior to the tech bubble the US economy didn't experience this type of boom and bust economy caused by asset bubbles.  I think you have to consider (my baseline) that we may just be in a slow nominal growth environment with modest inflation. This may continue for several years if so the Feds terminal fed funds rate may be lower than historical rates. If that's the case investors should be willing to pay more for each unit of earnings i.e. Higher than historic valuations. I could be wrong, but that's the baseline I'm most comfortable given all the facts that I see.


Credit cards are a basic building block of a stable financial plan.  By using a credit card for every purchase above, say, the price of a coffee you gain a number of material benefits.  You get the free use of the bank's money for about a month.  You reduce the amount of cash you require to almost nothing.  You get a handy budget tracking tool as many credit cards help you assign categories to expenses.  You can typically download your transactions and import them into a budget app for handy record keeping.  Many cards offer benefits such as extended warranties on items purchased, travel insurance, reward points and other benefits. There is only one caveat: Pay the entire balance, in full, every month, on or before the due date.  Don't even THINK about paying anything less and don't EVER be late.


"Even if you reject the premise of the article (which I imagine many in this sub would), how can you see capitalism as an entirely faultless system? What do you mean by ""people have the choice to fix things""? How can people fix an issue like, say, inequality without reforming capitalism itself?"


It's tough to borrow fixed and invest risk free. That said, there are still some interesting investment opportunities. A 4% loan will cost you 3% or less after tax, and the DVY (Dow high yielders) is at 3.36% but at a 15% favored rate, you net 2.76% if my math is right. So for .5%, you get the fruits of the potential rise in dividends as well as any cap gains. Is this failsafe? No. But I believe that long term, say 10 years or more, the risk is minimal.


I just thought I'd follow this up as it's now resolved. I spoke with citizens advice and they hadn't really got any advice other than they legally can't keep the money. I then contacted Barclays (as this is who was sent the money) they were very helpful and assured me that if my estate agent went into the bank with proof of transaction and their details then they'd definately follow this up and resolve it. The day after speaking to Barlcays online, my estate agent contacted me to say the money has now appeared back in their bank. So it looks like the previous letter sent back from TSB must have been an automated letter like a timeout and actually in the background Barclays must have still been processing it. Regards Liam


Hey, you seem like you read a lot about what a quant does on the Internet... I'm guessing zerohedge mostly and maybe some financial pop culture books about the financial crisis. Why don't you leave that out of this discussion as it is pretty misleading. Quants price relative risk and that is important for a number of reasons.


You are faced with a dilemma. If you use a 529 plan to fund your education, the short timeline of a few years will limit your returns that are tax free. Most people who use a 529 plan either purchase years of tuition via lump sum, when the child is young; or they  put aside money on a regular basis that will grow tax deferred/tax free. Some states do give a tax break when the contribution is made by a state taxpayer into a plan run by the state. The long term plans generally use a risk profile that starts off heavily weighted in stock when the child is young, and becomes more fixed income as the child reaches their high school years. The idea is to protect the fund from big losses when there is no time to recover. If you choose the plan with the least risk the issue is that the amount of gains that are being protected from federal tax is small. If you pick a more aggressive plan the risk is that the losses could be larger than the state tax savings. Look at some of the other tax breaks for tuition to see if you qualify Credits An education credit helps with the cost of higher education by   reducing the amount of tax owed on your tax return. If the credit   reduces your tax to less than zero, you may get a refund. There are   two education credits available: the American Opportunity Tax Credit   and the Lifetime Learning Credit. Who Can Claim an Education Credit? There are additional rules for each credit, but you must meet all   three of the following for either credit: If you’re eligible to claim the lifetime learning credit and are also   eligible to claim the American opportunity credit for the same student   in the same year, you can choose to claim either credit, but not both.   You can't claim the AOTC if you were a nonresident alien for any part   of the tax year unless you elect to be treated as a resident alien for   federal tax purposes. For more information about AOTC and foreign   students, visit American Opportunity Tax Credit - Information for   Foreign Students. Deductions Tuition and Fees Deduction You may be able to deduct qualified education expenses paid during the   year for yourself, your spouse or your dependent. You cannot claim   this deduction if your filing status is married filing separately or   if another person can claim an exemption for you as a dependent on his   or her tax return. The qualified expenses must be for higher   education. The tuition and fees deduction can reduce the amount of your income   subject to tax by up to $4,000. This deduction, reported on Form 8917,   Tuition and Fees Deduction, is taken as an adjustment to income. This   means you can claim this deduction even if you do not itemize   deductions on Schedule A (Form 1040). This deduction may be beneficial   to you if, for example, you cannot take the lifetime learning credit   because your income is too high. You may be able to take one of the education credits for your   education expenses instead of a tuition and fees deduction. You can   choose the one that will give you the lower tax.


"I am not sure why you posted that, I hadn't seen that chart before. I get my facts from doing a search of debt as a factor of GDP from [the cbo.gov website](https://www.cbo.gov/publication/51129).  Regardless, your Source backs up what I posted. From your source: ""Debt analyses are most relevant on a debt-to-GDP basis."""


Here is a list of threads in other subreddits about the same content:   * [Every investor in Trump's Toronto tower lost money except for guess who? Who is usually the only person to emerge intact from every one of Donald Trump's projects?](https://www.reddit.com/r/EnoughTrumpSpam/comments/77xjt8/every_investor_in_trumps_toronto_tower_lost_money/) on /r/EnoughTrumpSpam with 19 karma (created at 2017-10-22 09:55:54 by /u/FowelBallz)  ----   ^^I ^^am ^^a ^^bot  ^^[FAQ](https://www.reddit.com/r/DuplicatesBot/wiki/index)-[Code](https://github.com/PokestarFan/DuplicateBot)-[Bugs](https://www.reddit.com/r/DuplicatesBot/comments/6ypgmx/bugs_and_problems/)-[Suggestions](https://www.reddit.com/r/DuplicatesBot/comments/6ypg85/suggestion_for_duplicatesbot/)-[Block](https://www.reddit.com/r/DuplicatesBot/wiki/index#wiki_block_bot_from_tagging_on_your_posts)  ^^Now ^^you ^^can ^^remove ^^the ^^comment ^^by ^^replying ^^delete!


"> in fact, I reject the notion that bitcoin is anywhere as revolutionary as ""the internet""  Bitcoin itself is rather simple; it's just a ledger that requires a proof-of-work hash to make entries and be rewarded for making those entries.   Yet the tech behind bitcoin (the blockchain) is where the incredible innovation is. You say that you acknowledge the technical aspects which is what I assume your referring to and absolutely agree.  >(which itself, as a construct, is far older than most people let on).  So is the problem that Satoshi Nakamoto solved. The [Two Generals](http://en.wikipedia.org/wiki/Two_Generals'_Problem) problem has been discussed on crypto boards since the late 70s, early 80s and did not have a good solution until 2009. Since then there has been an explosion of new creations.   Solutions like [decentralized asset exchanges](https://www.counterparty.co/), [decentrazlied social media](http://twister.net.co/) without central servers or censorship, decentralized [reputation based markets like ebay](http://openbazaar.org/), decentralized and provable [notaries](http://coloredcoins.org/), [decentralized crowdfunding like kickstarter](http://www.coindesk.com/mike-hearn-wins-40000-bounty-bitcoin-core-crowdfunding/), [decentralized cloud storage](http://storj.io/), etc.   All these technologies are able to exist because of the blockchain protocol model and can be scaled across the world without censorship or seizure. Plus anyone can take these technologies to learn how they work and remix/edit/improve wherever they wish because everything is open.   Regardless what happens to the price of bitcoin, developments in this scene over the past 5 years have been beyond engaging. This past year alone has been so much fun following something that constantly evolves so quickly.   In this regard I definitely consider the technology behind bitcoin just as revolutionary and gamechanging as the internet was.    **most. fun. experiment. ever.**"


More exactly, it would be beneficial if government spent on something that increases economic productivity.    The problem is, how can the government determine what is a good investment vs a bad investment?  Even restricted only to building infrastructure, how does it know which bridges are good and which are [bad](http://en.wikipedia.org/wiki/Gravina_Island_Bridge)?  Government has no good method of determining this.  They make political, not economic decisions and listen to whoever lobbies them the best.  This idea of economic calculation is how [Mises' predicted that socialism/communism would utterly fail](http://mises.org/humanaction/chap26sec1.asp).


Rules of engagement that are invented by the coalition forces. Without approval or invitation, coalition forces are violating the sovereign airspace of Syria. According to international law if a syrian jet fighter shoots down coalition forces aircraft he is well within his rights to do so.  Coalition shooting down syrian planes on syrian territory (regardless for what reason) is a de facto declaration of war.


Yep, a lot of startup funding these days is called equity, which makes for nice valuation, but there are often so many extra stipulations (I've even read of caps on upside; wish I could find the Matt Levine column on it now) that it really is effectively debt.


Vacuum fittings are quite essential features which need to be bought with a lot of cautiousness. An inadequate one can ruin the whole purpose of having it. The best way is to search right in various platforms before finalizing a particular one.


Banks don't want to manage property.  They despise the fact that they have all of these foreclosures that they can't sell.  They just want to loan you the money at X% and collect the fees and interest. The value of a reverse mortgage to the lender is that it's a collateralized loan against a property.  When the owner exits the property, it's attached to the property and must be paid back before the property is sold.  They carefully consider the age of the recipient, equity in the property, etc. when they decide how much to pay the owner so that the chances of the loan going underwater are minimized.


>I'm not sure professional sports players who won the genetic lottery and then worked their asses off to go pro are exactly pertinent to the data  FTFY  Edit: I and everyone completely missed the Office Joke. Let's stop arguing.


They don't do anything you can't do yourself and they charge you money for it. And of course the only way they manage to negotiate the debt down is by not paying it for a while in the first place, have it referred to collections and then negotiating with the collectors. At that time, your credit rating (if you care about that at all) will have suffered a lot more damaged than it is from a few late payments. I would address the issue as to why you end up paying late first - it sounds to me like you're cutting the time left to pay to the bone and this turned around and bit you in the you-know-where. In case you are able to pay but not organised enough to do it on time, find a way to remind yourself to pay the bill a few days early for peace of mind. That won't do anything about the 28% interest but those might serve as an additional motivation to pay the debt off faster. Once you're back to showing regular on-time payments on your credit record, you might want to investigate transferring the balance to a cheaper card or negotiate the interest down (or both). If you genuinely can't pay after you've taken care of the essentials (food, shelter, transportation) then you don't need a third party to stop paying the credit card bill, you can do that yourself.


I think that the person that stole the wallet is up for the credit cards and stuff with money but less likely he/she will be smart enough too use your identity, and even if they do you'll find out somehow now or later!


Hmm, if your financially savvy enough to have saved up half a million dollars, I'd think you would be savvy enough to spend it wisely. :-) I think I'd spend the cash before running down stocks and bonds, as cash almost surely has a lower rate of return.  I'd look into what rate of return you're getting on the rental property versus what you're getting from other investments. If the rental property has a lower return, I'd sell that before selling off stocks. (I own a rental property on which I am losing money every month. I'm still paying a mortgage on it, but even without that, the ROI would be about 4% under current market conditions.) Besides that, your plan looks good to me. Might need to add, 8. Beg on the streets, and 9. Burglary.


Two parties will agree to pay each other's interest obligations. This is generally for one of two reasons:   * One party wishes to swap a fixed interest rate (eg coupons on a bond) for a floating interest rate (eg: payments on a loan). If their counterparty wishes the opposite, and the rates are acceptable to both, they will agree to swap their obligations  * There are two firms, based in countries A and B. Each firm has a branch in the other's country, and these branches each have a loan, denominated in that other countries currency. To reduce each firm's exposure to FX risk, they can swap their obligations, so A will pay interest on B's loan (which is in A's currency) and B on A's loan (which is in B's currency).  edit: removed infuriating unterminated bracket.


The general advise is to contribute to the 401K up to the match limit. Then put money into a Roth IRA. Then put the rest into the 401K above the match. Yes you can have an IRA and a 401K. You can even have Roth and non-Roth versions. You do have to watch the limits, and exclusions, but there is nothing stopping you from contributing to multiple types in one year. Over a long career you may find your self with all the possible types of accounts.  When you re-qualify for the company 401K, there is no need to roll over the IRA money into the 401K. Just keep the IRA.


NAFTA is doomed, not due to any component, article or clause in the deal itself, but by Trump’s ego. The details don’t matter, the costs don’t matter the upsides/downsides don’t matter... He will ensure that it is killed instead of admitting failure, incompetence and that he was wrong.


Depending on how marketable your degree is, in the long run you may be better aquiring some student debt rather than slowing down your studies. For example finishing finance, medicine, or engineering a year later would mean one less year of your life that you are earning substantial income.  The only situation where slowing down your studies is of benefit is if your savings plus interest would be greater than the income you are giving up by taking longer. Live frugally, take whatever work you can without hurting your studies, don't stress if you can't get this to balance perfectly. I speak from experience on this.  Screwing around with working through school cost me 2.5 years of earning potential ($120,000+).


No reason to buy damodaran when all his content is available for free online. I took his class and he's more about the learn through practicing method which I agree with. He has a lot of useful guides if you just go to his website, YouTube, even iTunes U.


Spot on. If Fannie and Freddie were culpable, it was likely because they trusted the ratings houses too much. That's a big mistake, but all too common in every kind of financial risk transaction, as any home buyer who ever hired a home inspector upon a realtor's recommendation knows.


Given the combination of the admitted delays and then the failure of the money to arrive with only their word they have sent it, I would be worried that the solicitor is having financial problems and has not really sent your money because they don't have it. This shouldn't be possible unless they were already acting unethically by not properly segregating client money, but that possibility does always exist. I would consult the Solicitor's Regulation Authority for advice as quickly as possible. They may not be the right people to initially deal with the problem, but they should be able to advise on the appropriate next steps and it might help them match up your problem with any other reports they have received.


haha, what now? They are constrained by Panasonic. If Panasonic can give them more batteries, they can make more cars. Their NUMMI plant is 370 acres and most of it is currently sitting empty. I suspect that they worked in some language with their new battery factory deal with Panasonic that also included Panasonic getting off their ass and making more batteries right now.


You are correct.  We don't have any Kmart stores in SWFL anymore. They all closed down many years ago.  At first, he didn't believe that Kmart had the same item discounted at 60% off, he went online checked and then told me...we don't have Kmart near by, so I can't price match...lol


There's a book about Yahoo that has a lot of detail about what Mayer was doing in her first year or two at Yahoo. It's fascinating.  https://www.amazon.com/Marissa-Mayer-Fight-Save-Yahoo/dp/1455556602  Despite the title, 70% or so of the book (if I remember correctly) is about Yahoo pre-Mayer.


"Like you said, it's important to keep your personal assets and company assets completely separate to maintain the liability protection of the LLC. I'd recommend getting the business bank account right from the beginning. My wife formed an LLC last year (also as a pass-through sole proprietorship for tax purposes), and we were able to get a small business checking account from Savings Institute and Trust that has no fees (at least for the relatively low quantity of transactions we'll be doing). We wrote it a personal check for startup capital, and since then, the LLC has paid all of its own bills out of its checking account (with associated debit card). Getting the account opened took less than an hour of sitting at the bank. Without knowing exactly where you are in Kentucky, I note that Googling ""kentucky small business checking"" and visiting a few banks' web sites provided several promising options for no-fee business checking."


"My teacher always says the property interest the beneficiary ""holds"" or ""possesses"" is an equitable interest.  I might just seem out of place here because it's a legal term and probably not commonplace outside that sphere. But the beneficiaries equitable interest is possessed or held in that regard. From this equitable interest is the income stream.   If that just seems like a bunch of gibberish to you than don't mind me, just trying to learn the ins and outs of trusts not the world of finance generally."


None of what you said is correct. Wells Fargo makes over half of it's net income from community banking. Investment Banking is tucked inside of the Wholesale division and represents a relatively small piece of that. Wells' auto portfolio is at $58 billion; by no means as large as say the mortgage exposure, but certainly nothing to sneeze at.


Who cares what she studied in University 25 years ago? People can't learn on the job?   I was a music major, yet now hold an upper management position.      Should I quit and go back to playing gigs down at the pub?


Yes, but what qualifications are they asking for? [Here's one reasoning for why they keep bitching.](http://spectrum.ieee.org/podcast/at-work/tech-careers/why-bad-jobsor-no-jobshappen-to-good-workers) Essentially it sums up to the companies not wanting to pay market price for homegrown talent (essentially they set the price and expect people to sell at that price when there are plenty of buyers), the companies not wanting to spend the money training, and the companies want people who can start on the ground running instead of taking a little time to get a feel for the job.  Most of the engineers I graduated with knew that they would need more on the job training because the degrees were so general. It's almost impossible to make the degrees fit perfectly to the parameters that the companies want, so the universities provide a good engineering foundation that businesses could build upon. If the businesses were willing to spend the time training people there wouldn't be a problem.


Are there any risks you're overlooking?  I think if you're considering this at all you're overlooking all of the risks... namely, if you think the issue with him not paying on the loan is the procedure involved with initiating collections or taking him to court for a judgement you're severely underestimating actually collecting after you're awarded a judgement.  Typically when people stop paying a debt, its because they don't have money.  A judgement doesn't change that. Now you could include in the promissory note a lien on some piece of his property, if he has one.  Even with the lien and a judgement against him you can't do much. There are laws related to lending by individuals, related to debt collection, maximum/minimum interest rates; there may even be a law that mandating individuals may only assess simple interest.  I doubt you'll be able to find a formal institution that will take over as nothing more than an administrator, though you might as well start researching how to sell the debt once your colleague defaults. IF you can legally amortize the loan at 4% and $450 per month, you're not made whole until about month 78.  Months 79 through about 90 will be your profit zone.  At this rate of return I'd just buy a muni... If you're willing to kiss this money good bye, and lending it generates more amusement to you than setting it on fire, go for it!


"This is the best tl;dr I could make, [original](http://reason.com/blog/2017/05/26/glenn-platt-intimacy-economy) reduced by 99%. (I'm a bot) ***** > In a wide-ranging conversation about technology and disruption, Platt tells Reason&#039;s Nick Gillespie how the intimacy economy will revolutionize not only business but also political and cultural practices.  > Nick Gillespie: Hi, this is Nick Gillespie and this is the Reason podcast.  > Nick Gillespie: Okay, so it&#039;s not just like, &quot;Hey, here&#039;s our box. Here&#039;s our Birchbox of stuff that we think is interesting, that our subscribers will like.&quot; It&#039;s, &quot;Glenn Platt, you have bought this sorts of stuff or you gave a questionnaire.&quot; And then they&#039;ll say like, &quot;Okay, because we know you wear glasses, here&#039;s clips that go over that, that are sunglasses.""   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6ejb52/are_you_ready_for_the_intimacy_economy/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~133505 tl;drs so far."") | [Theory](http://np.reddit.com/r/autotldr/comments/31bfht/theory_autotldr_concept/) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **think**^#1 **Nick**^#2 **Gillespie**^#3 **Platt**^#4 **Glenn**^#5"


"> You are the one using false equivalency  No, I am using a rather simple parallel to show that 'consent' is socially created and can exist non-explicitly.  Your response is simply to assert your own opinion, that you have not consented to the state, without any reason to take that view seriously. You grew up under the rule of your state, you were educated about the implications of that long before you were expected to start paying taxes, and there is nothing preventing you from leaving the state's jurisdiction at any time. Your opinion that this does *not* indicate consent is irrelevant because the whole rest of society thinks that it does. If arbitrarily asserting that you haven't consented to things *was* an argument, literally anything can be oppressive. I can walk into your home and set up camp in your living room and say ""I didn't consent to this being your house."" All social rules are instantly out the window. Is that how society works?  I've jumped through these hoops before. I know how you people try and pull this off. It doesn't work. Your position is not tenable. It's just a series of language tricks that entertains people who haven't thought it all the way through.  You're either a charlatan or you've been deceived by one, and I don't really care to learn which.  Quoting myself from weeks ago:  > > > > I'd like to know how exactly I opt into paying.   > > > By choosing to occupy the territory ruled by your state, despite being fully informed about the implications of doing so, and having been made informed well before you had an obligation to start paying.   > > That's not an agreement.   > Let's say I walk into a shop, say ""I'll have a medium coke please,"" they hand me one, I walk out of the building. Am I stealing? Well, I didn't specifically agree to pay for it, did I? But that argument wouldn't hold much weight in an actual legal dispute, because obviously I understand that when you ask for an item in a shop you're implicitly agreeing to pay for it at some point.  >  > But what about some less ""obvious"" cases? If a shopowner put a small sign near the entryway that said ""entry fee ten dollars, entering the store constitutes agreement to pay,"" you could reasonably argue this is invalid because you walked into the store without noticing the sign and the practice is quite unusual. But if instead of a shop it were a theater performance you walked into, maybe that argument wouldn't hold up, because you should be expected to understand there's an entry fee at a theater. And maybe if you were from a country that doesn't have theaters and you were thus genuinely unaware of this particular social custom they would make an exception and you'd get away with it. This is the kind of problem a judicial system exists for, to take social context into account.  >  > The point is, whether something constitutes agreement or not, and thus what are the legal repercussions to your actions, is a matter of opinion, and in this case I don't see any particular reason to think that your opinion about the government ought to overrule that of the rest of society. Your actions are interpreted as indicating consent for the system you're acting in, and this being so if you took the government to court on the charge that it's stealing from you you would obviously lose. So how is it an argument to just say ""but that's not an agreement in my opinion""? That's as irrelevant as me saying ""but I didn't agree to pay for this food I just ate, officer. I just walked in and asked for food and they gave it to me and I ate it. That's not an agreement, in my opinion.""  >"


A technically strong stock or market is simply a stock or market which is up-trending and has been up-trending for a while. Just as a fundamentally strong stock is one with good fundamentals (a stock that is healthy and making higher profits year after year and continually improving), a technically strong stock has a healthy uptrend that continues to go up and up. Apple was technically strong until it hit $700 (its price stayed above the 200 day MA for a long period until after it hit $700, then broke down through the 200 day MA shortly after - the uptrend was over). I will usually buy stocks which are both fundamentally and technically strong, as a technically strong stock will generally stay technically strong longer if it also has strong and good fundamentals.


"You would be surprised just how many places aside from McD are unhealthy.  It's not just fast food.  Plenty of regular restaurants are just as bad and often worse.  Studies show that people are more satisfied if they get a giant plate of average food than a smaller plate of good food, and since a lot of glutenous ingredients are cheap, restaurants just pile it on.  For example, go to your local Italian restaurant and you will find plenty of meals that are approaching or crossing a ridiculous 2000 calorie mark - just for one meal.  That is worse than your McD burger meals.    I've seen different variations of McD ""cafes"" and many of them are nothing special.  But some of them are down right snazzy.  They are mimicking Starbucks experience.  Very pleasant to hang out."


Inflation can be a misleading indicator. Partly because it is not measured as a function of the change in prices of everything in the economy, just the basket of goods deemed essential. The other problem is that several things operate on it, the supply of money,  the total quantity of goods being exchanged, and the supply of credit. Because the supply of goods divides - as more stuff is available prices drop - it's not possible to know purely from the price level, if prices are rising because there's an actual shortage (say a crop failure), or simply monetary expansion. At this point it also helps to know that the total money supply of the USA (as measured by total quantity of money in bank deposits) doubles every 10 years, and has done that consistently since the 1970's.  USA Total Bank Deposits So I would say Simon Moore manages to be right for the wrong reasons. Despite low inflation, cash holdings are being proportionally devalued as the money supply increases. Most of the increase, is going into the stock market. However, since shares aren't included in the measures of inflation, then it doesn't influence the inflation rate. Still, if you look at the quantity of shares your money will buy now, as opposed to 5 years ago, it's clear that the value of your money has dropped substantially.  The joker in the pack is the influence of the credit supply on the price level.


I used LawDepot to do this. It worked well for my simple case, though you are limited in the number of people you can name, for example, to inherit a share of your estate. And as Frazell Thomas pointed out, you do need to have your signature witnessed. I would certainly use LawDepot again for a simple will, though I suspect my next will is going to be complicated enough that I'll actually have to use an attorney. Note that a significant life change such as getting married may invalidate any current will. This is certainly the case in my jurisdiction, but this may not necessarily be true for you. Note that if you die without a will, your estate will be divided up in a deterministic manner. My wife died recently and as her immediate next of kin and with no children, I was therefore entirely esponsible for her estate. Had we had children, the children would have received $40,000 each, the rest coming to me. This will depend greatly on your jurisdiction, and I'm not sure what happens if the estate is insufficient. I bring this up simply because both my wife and I were happy with the other handling the estate, and a will would not have made dealing with her death significantly easier.


Yes, you are generally allowed to make contributions yourself to your HSA, even if your employer also made contributions. Let me explain further. The contribution limit for tax year 2015 is $3350 for individual coverage.  (It is higher for family coverage, or for account holders age 55+.)  The limit is for everything contributed to the HSA, whether it is an employer contribution or an account holder contribution.  (In other words, if your limit is $3350, and your employer contributed $3000, you can only contribute $350.) As far as the IRS is concerned, anything that your employer sends in is considered an employer contribution.  This might be money from the company as part of a benefit, or it might be money deducted from your salary as part of a voluntary contribution on your part.  Either way, if the employer sends it in, it is an employer contribution.  None of this employer contribution shows up on your W-2 as taxable income, so you don't get to deduct it on your tax return.  It has already been taken off of your income. Money that you send in yourself with your after-tax dollars is your account holder contribution.  This is money that you can deduct on your tax return, so that you aren't paying tax on this money. So here is what you need to do: Determine your total HSA contribution limit for tax year 2015. Find out how much your employer has already contributed for 2015.  The difference is how much you can still contribute for 2015. Contact your HSA provider and find out how to make a 2015 contribution.  Don't just send money in, because there is probably a form they want you to fill out to make a prior year contribution. Get all this done by April 15, the deadline for making a prior year contribution.  Actually, get it done before April 15, because often there will be some sort of delay of a day or two that will prevent you from doing this on the last day.


"You don't know what the term 'ad hominem' means. I am claiming you are ignorant based on your clear misrepresentation of factual evidence, which is an observation, not an ad hominem. You are just throwing out an insult not based on any actual evidence, which is an ad hominem. At least learn your pejorative terminology if you're going to try to adult.   As for ""bad life decisions"", again, you are flaunting ignorance by ignoring the fact that poverty is massively chronic in America right now. Four in ten Americans have an income below the 1968 minimum wage. You can try to call them names and demean them all you want, but the higher paying jobs just aren't there for everyone, which is why we must seriously increase the minimum wage so that the necessities of life can be attained."


CreditCards.com has maintained a fairly comprehensive list of offers for many years now.  I don't see any straight 2% offers there right now.


It is important to realize that some mergers are done with the intent to kill the acquired company, as they say “die on the vine”.  If I know a company can become a threat I may buy them to kill them. Another reason to acquire is so my competitor won’t acquire them.


Deutsche Bank states here (couldn't find it in english) that SEPA transfers (all transfers in EUR to EU states that have EUR) are free. So you could just transfer the money. Your custom daily transfer limit (by default 1000€ for online banking transfers) applies. You can change the limit online or by going to one of their branches. You would then transfer your money over the course of several days. You need the SWIFT and BIC code of your new account.


You can't sell options if you don't have margin account (except covered call).  You can't trade futures if you don't have margin account.  Everything is immediate when you have margin account. (Including stocks) Margin account is not subject to freeriding rules, but is subject to Pattern Day Trader rules.


An Unmanned Aerial Vehicle also called as drones is a battery-powered gadget which is designed to fly through a remote controller. The device can hover; flight high and far as per the limitations of the range. Generating mesmerizing aerial videos and a lot more also a drone is capable of clicking pictures!


How is Bitcoin silly at all? I don't understand.  Not all cryptocurrency supporters are against regulation. I want regulated cryptocurrencies.  The people who are going to lose here are the ones who invested in 'bad' ICOs. This isn't the first time ICOs have contributed to the fall of the crypto market. Months ago the crowds were screaming the end of crypto with the crash in June. Looking at it now it seems very small. Even with 20% loss the last few days we are still above our previous crash.  And what do you mean the west? We are not the only people developing, contributing, investing, and using crypto. Let's not forget Estonia, Mauritius, Denmark, South Korea... and there's more.


"You've laid out several workable options.  You might try going to mortgage broker and looking at what offers you get each way.  I can say that it sounds like your partner will have a difficult time qualifying for a mortgage.  That puts you on the first and third options. Forget about ""building equity.""  You cannot rely on the house you're living in to provide a return on investment.  Housing is an expense, even if you own it outright.  Keep that in mind when you consider taking from the stream of money contributing to your retirement. This link is to a blog which really clarifies the ""rent vs. own, which is better?"" question.  The answer is, it depends on the individual and the location, and the blogger in the link explains how to answer that question for your situation.  One of the key advantages of ownership is that it gives you freedom to modify the interior, exterior, and grounds (limited by local building codes of course.)"


"Surprisingly, I got weird looks when I say ""I think I need a 2nd grocery bag"". I sometimes have to say things like: ""This bag looks heavy. I lost $2.50 of blueberries once because I was too cheap to pay $0.10 for a second bag"""


The swatch group is not that great anyway.  As an end consumer, if you have a problem with their product, it is YOUR problem.  You will not get satisfaction on a very expensive item that you buy from them.  If there are fewer swatch based watched out there, so much the better.


"Most of the investors who have large holdings in a particular stock have pretty good exit strategies for those positions to ensure they are getting the best price they can by selling gradually into the volume over time. Putting a single large block of stock up for sale is problematic for one simple reason: Let's say you have 100,000 shares of a stock, and for some reason you decide today is the day to sell them, take your profits, and ride off into the sunset.  So you call your broker (or log into your brokerage account) and put them up for sale.  He puts in an order somewhere, the stock is sold, and your account is credited. Seems simple, right?  Well...not so fast. Professionals - I'm keeping this simple, so please don't beat me up for it! The way stocks are bought and sold is through companies known as ""market makers"".  These are entities which sit between the markets and you (and your broker), and when you want to buy or sell a stock, most of the time the order is ultimately handled somewhere along the line by a market maker.  If you work with a large brokerage firm, sometimes they'll buy or sell your shares out of their own accounts, but that's another story. It is normal for there to be many, sometimes hundreds, of market makers who are all trading in the same equity.  The bigger the stock, the more market makers it attracts.  They all compete with each other for business, and they make their money on the spread between what they buy stock from people selling for and what they can get for it selling it to people who want it. Given that there could be hundreds of market makers on a particular stock (Google, Apple, and Microsoft are good examples of having hundreds of market makers trading in their stocks), it is very competitive.  The way the makers compete is on price.  It might surprise you to know that it is the market makers, not the markets, that decide what a stock will buy or sell for. Each market maker sets their own prices for what they'll pay to buy from sellers for, and what they'll sell it to buyers for.  This is called, respectively, the ""bid"" and the ""ask"" prices.  So, if there are hundreds of market makers then there could be hundreds of different bid and ask prices on the same stock.  The prices you see for stocks are what are called the ""best bid and best ask"" prices.  What that means is, you are being shown the highest ""bid"" price (what you can sell your shares for) and the best ""ask"" price (what you can buy those shares for) because that's what is required.  That being said, there are many other market makers on the same stock whose bid prices are lower and ask prices are higher.  Many times there will be a big clump of market makers all at the same bid/ask, or within fractions of a cent of each other, all competing for business.  Trading computers are taught to seek out the best prices and the fastest trade fills they can. The point to this very simplistic lesson is that the market makers set the prices that shares trade at.  They adjust those prices based (among other factors) on how much buying and selling volume they're seeing.  If they see a wave of sell orders coming into the system then they'll start marking down their bid prices.  This keeps them from paying too much for shares they're going to have to find a buyer for eventually, and it can sometimes slow down the pace of selling as investors and automated systems notice the price decline and decide to wait to sell.  Conversely, if market makers see a wave of buy orders coming into the system, they'll start marking their ask prices up to maximize their gains, since they're selling you shares they bought from someone else, presumably at a lower price.  But they typically adjust their prices up or down before they actually fill trades.  (sneaky, eh?) Depending on how much volume there is on the shares of the company you're selling, and depending on whether there are more buyers than sellers at the moment, your share sell order may be filled at market by a market maker with no real consequence to the share's price. If the block is large enough then it's possible it will not all sell to one market maker, or it might not all happen in one transaction or even all at the same price. This is a pretty complex subject, as you can see, and I've cut a LOT of corners and oversimplified much to keep it comprehensible.  But the short answer to your question is -- it depends. Hope this helps. Good luck!"


"Just to argue the other side, 1.49% is pretty low for a loan. Let's say you have the $15k cash but decide to get the car loan at 1.49%. Then you take the rest of the money and invest it in something that pays a ~4% dividend (a utility stock, etc.). You're making money on the difference. Of course, there's no guarantee that the underlying stock won't drop in value, but it might go up, too. And you'll likely pay income tax on the dividends. Still, you have a good chance of making money by taking the loan. So I will argue that there are scenarios where taking advantage of a low interest rate loan can be ""good"" as an investment opportunity when the risk/reward is acceptable. Be careful, though. There's nothing wrong with paying cash for a car!"


Some notable percentage of buyers won't even try to do the rebate, or will forget - so it's a [relatively] cheap incentive to the consumer than most will miss out on.


Welcome to the real world. BTW, you have far too rosy a view of this if you think you're only paying 28.5% of your income in taxes. Remember that your employer theoretically pays half your FICA tax. But as far as they're concerned, that's part of the cost of having you as an employee. If FICA was abolished, supply and demand would quickly push salaries up by an amount equal to the FICA tax. So add another 7.65% to your taxes. Plus your employer has to pay unemployment tax (federal unemployment tax is $420 per employee per year, states vary) and workman's compensation tax (no idea how much that is) for the privilege of having you as an employee. You likely pay sales taxes on most everything you buy. I believe sales tax in Massachusetts is 6.25%. Assuming you pay that on only half of what you buy, add another 3% or so. Do you work for a corporation? Between when they sell the fruits of your labor and when they pay you, they have to pay corporate income tax. There are a lot of deductions so that gets complicated, but figure another few percent. Do you drive a car? You're paying gas tax -- 41.9 cents per gallon in MA. Do you smoke or drink alcohol? Extra taxes on those. Travel by plane or stay in a hotel? More special taxes. When you get around to buying a house, you'll pay property taxes on it every year, year after year. For me in Michigan that's another 3% of my income. I understand it's a lot more in Massachusetts. Etc, many other smaller taxes that add up.


"The problem is not the credit score; it is the ""competing"" inquiries. Multiple inquiries will be considered as one if done withing a short time period (2 month, IIRC) and for the same kind of credit, because people do shop for rates, you're not the first one to do that. So don't worry about that. What you should be worrying about is banks asking questions about these inquiries, which is an annoying (at least for me) technicality. You'll have to explain to each of the banks that you want a pre-approval from that you're going to take the mortgage from them, and not from anyone else. In writing, with your signature notarized. Which is OK because it's done (the signature and notarizing) at closing, but you'll have to ""convince"" them that they're the chosen ones to get approved. Other than that it's pretty simple. I've done that (including the declaration that I'm not going to take any loans based on the other ""competing"" inquiries), and it worked fine when I took the original mortgage, and when I refinanced it later in a similar ""shopping"" fashion. Do it closer to the actual bidding, because closing does take at least 3-4 weeks, and the rate lock is usually for 30-60 days, so not much time to shop if you take that road."


Not Definitive’  “They’ve used terms like ‘likely,’” Hock said today in an interview. “What they’ve come up with here is a probability. It’s not a definitive conclusion.”  Synthetic chemicals discovered in the aquifer are just as likely “the result of contamination from their own sampling,” he said.   the first time it found chemicals used in extracting natural gas through hydraulic fracturing in a drinking-water aquifer   Boo fucking hoo. go live on a tree. oh wait, these should be protected too.


There is no way to know anything about who has shorted stuff or how concentrated the positions are in a few investors.  Short positions are not even reported in 13(F) institutional filings. I'll take the bonus points, though, and point you to the US Equity Short Interest data source at quandl.


You'll most likely need additional funding at some point in the future so that'll dilute your position below 51%. I think it's best to do what you can with what you've got before you NEED those additional funds from outside investors. They only cause trouble and if they're focused on short-term results & getting their cash back as soon as possible rather than long-term sustainability, it'll be a nightmare dealing with them.


Here's a real-life example of why being underwater can be a tad annoying: Your options are: You must choose one.


In short, your scenario could work in theory, but is not realistic... Generally speaking, you can borrow up to some percentage of the value of the property, usually 80-90% though it can vary based on many factors.  So if your property currently has a value of $100k, you could theoretically borrow a total of $80-90k against it.  So how much you can get at any given time depends on the current value as compared to how much you owe.  A simple way to ballpark it would be to use this formula: (CurrentValue * PercentageAllowed) - CurrentMortgageBalance = EquityAvailable.     If your available equity allowed you to borrow what you wanted, and you then applied it to additions/renovations, your base property value would (hopefully) increase.  However as other people mentioned, you very rarely get a value increase that is near what you put into the improvements, and it is not uncommon for improvements to have no significant impact on the overall value.  Just because you like something about your improvements doesn't mean the market will agree. Just for the sake of argument though, lets say you find the magic combination of improvements that increases the property value in line with their cost.  If such a feat were accomplished, your $40k improvement on a $100k property would mean it is now worth $140k.  Let us further stipulate that your $40k loan to fund the improvements put you at a 90% loan to value ratio.  So prior to starting the improvements you owed $90k on a $100k property.  After completing the work you would owe $90k on what is now a $140k property, putting you at a loan to value ratio of ~64%.  Meaning you theoretically have 26% equity available to borrow against to get back to the 90% level, or roughly $36k.  Note that this is 10% less than the increase in the property value.  Meaning that you are in the realm of diminishing returns and each iteration through this process would net you less working capital. The real picture is actually a fair amount worse than outlined in the above ideal scenario as we have yet to account for any of the costs involved in obtaining the financing or the decreases in your credit score which would likely accompany such a pattern.  Each time you go back to the bank asking for more money, they are going to charge you for new appraisals and all of the other fees that come out at closing.  Also each time you ask them for more money they are going to rerun your credit, and see the additional inquires and associated debt stacking up, which in turn drops your score, which prompts the banks to offer higher interest rates and/or charge higher fees... Also, when a bank loans against a property that is already securing another debt, they are generally putting themselves at the back of the line in terms of their claim on the property in case of default.  In my experience it is very rare to find a lender that is willing to put themselves third in line, much less any farther back.  Generally if you were to ask for such a loan, the bank would insist that the prior commitments be paid off before they would lend to you.  Meaning the bank that you ask for the $36k noted above would likely respond by saying they will loan you $70k provided that $40k of it goes directly to paying off the previous equity line.


That's not true. In every computation with prisioners dilemma repeated people tend to cooperate. In real life too, why do you think people never confess from gangs in jail? Or why do oligopolies mantain higher prices that the cmg? It happens all the time in life. Seems that the one who doesn't know about it it's you.  Prisioners dilemma has only that outcome in a single game. If it is repeated to infinity then everything is possible and probable. https://en.wikipedia.org/wiki/Folk_theorem_(game_theory)


I don't think so, but:  - It depends on the product, some products are simple (Vodka) others have plenty of restrictions (Plutonium). So without you naming what your product is nobody can help you. - Regulation differ for each country. Greece and Italy are different countries.  For most products you pay some import duty, the applicable VAT and some customs fees and all is well.


Since no one else mentioned it, there are sometimes amazing deals that require being the first person to take advantage of them. I'm not talking about black Friday sales, I'm talking about the woman who decided to sell the Porsche (she had bought for her cheating husband) for $1000. You might not run into those types of deals often, but having liquid investments will allow you to take advantage of them instead of kicking yourself. I just bought some real estate with some of my emergency fund that needed several months before I could properly finance it due to some legal issues with the deed that needed to go through court because there was a deceased person on the title. I will make far more on the deal when it's done than I ever could have made with that money invested in the market.


Hey all. Hoping for some help from the business community. I'm 20 responses short of having enough responses for my survey to be valid. I'd be very grateful if any of you could spare a few mins to complete my survey so I can finally stop shilling myself to everyone I know. Many thanks.


You have to wonder, don't you? Is he leaving because he finally realises the business is entirely a scam? That it's nothing more than a payday loan scheme, charging 25% interest, but the loan comes from the driver!  They effectively borrow large sums of money (which are car maintenance costs deferred for the future) from themselves, and have to work like a dog to do it.  A payday loan is a much more ethical thing, and not hidden behind math that Uber drivers are incapable of performing. Even if you ahve a very efficient car, the most you can ever make driving fro Uber is 6 cents a mile, net profit.  If you think 6 cents a mile is an equitable payment, then by all means, become an Uber driver! Driving 100 miles will net you $6.  On the odd occasion I have had to use my car for work, the accepted rate to charge it out at (just to cover the running costs!) is 90 cents per kilometre, or $1.45 per mile.  That figure is what it actually costs to run a car. It does not include any payment for actually driving the car.