I work at BATS Chi-X Europe and wanted to provide some clarity/answers to these questions. BATS Chi-X Europe is a Recognised Investment Exchange, so it is indeed a stock exchange.  Sometimes the term “equity market” could be used when explaining our business, but essentially we are a stock exchange.  As some background, BATS Chi-X Europe was formed by the acquisition of Chi-X Europe by BATS Trading in November 2011. At the time of the acquisition, each company operated as a Multilateral Trading Facility (MTF) for the trading of pan-European equities via a single trading platform. The category of MTF was introduced by MIFID (markets in Financial Instrument Directive) in 2007, which introduced competition in equities trading and allowed European stocks, to be traded on any European platform. Until 2007, many European stocks had to be traded only their local exchanges due to so-called “Concentration Rules”. Following the acquisition, BATS Chi-X Europe became the largest MTF in Europe, offering trading in more than 2,000 securities (2,700 securities by September 2013) across 15 major European markets, on a single trading platform.  In May 2013, BATS Chi-X Europe received Recognised Investment Exchange status from the UK Financial Conduct Authority, meaning that BATS Chi-X Europe has changed from an MTF status to full exchange status. In response to question 1: The equities traded on BATS Chi-X Europe are listed on stock exchanges such as the LSE but also listed on the other European Exchanges. The term “third party” equities is not particularly useful as all stock trading in Europe is generally a “second hand”  business referred to as “secondary market” trading. At the time of listing a firm issues shares; trading in these shares after the listing exercise is generally what happens in equity markets and these shares can be bought and sold on stock exchanges across Europe. Secondary market trading describes all trading on all exchanges or MTFs that takes place after the listing. In response to question 2: BATS Chi-X Europe trades over 2,700 stocks on its own trading platform. When trading on BATS Chi-X Europe, orders are executed on their own platform and will not end up of the LSE order books or platform. The fact that a stock was first listed on the LSE, does not mean that all trading in this stock happens via the LSE. However settlement process ensures that stocks end up being logged in a single depository. This means that a stock bought on BATS Chi-X Europe can be offset against the same stock sold on the LSE.  In response to question 3: As noted above, BATS Chi-X Europe received Recognised Investment Exchange (RIE) status from the UK Financial Conduct Authority in May 2013, meaning that BATS Chi-X Europe has changed from an MTF status to full stock exchange status. As an exchange / RIE, BATS Chi-X Europe is authorised to offer primary and secondary listings alongside its existing business.  According to the Federations of European Securities Exchanges (FESE), BATS Chi-X Europe has been the largest equity exchange in Europe by value traded in every month so far in 2013. In August, 24.1% of European equities trading in the 15 markets covered were traded on BATS Chi-X Europe. In July and August, the average notional value traded on BATS Chi-X Europe was around €7.2 billion per day. Hope this information is helpful.


The math that works at the nation-scale doesn't work the same for an individual or even smaller companies (even though larger companies actually dwarf many whole *countries*).   So while US Treasuries are a good investment for many foreign governments, that isn't universally true for all investors.


Find smaller payments he can make. Maybe a % of each client he takes payment from.  Consult with a lawyer or google buisness contract elements and find fill them out and see what he can do. If the checks are no good bouncing them isn't going to help anything. Nor is getting a judgment from a small claims court. He can still not pay(though stays on his credit for 25 years), file for bankruptcy, etc.


"Fair question, I'm being a bit broad there, and innovation in many ways. I am not sure what the original context is here.  In my experience, when people say ""technology race"" they are typically referring to to the business context, i.e. computer manufacturers and their competing product portfolios, like Apple vs Samsung vs Google, or Uber vs Lyft. If it's a thing other than that, I've never heard of it"


You can make a purchase at the after market price by sending an order that gets executed in after market. Often times these are called Extended orders, or EXT. With an EXT limit order it will place the bid on the after market hours order book. If you get filled, then you have the shares.  This is the answer.


"I agree.  It was a nice summary for the most part but anybody who seriously wishes to understand money should read ""wealth of nations"".  This sort of oversimplification can actually be more misleading than clear.  Theres a reason why ""wealth"" is such a huge fucking book..."


Negotiating a deal can be as easy as purchasing a toothbrush or sometimes turn as complicated as purchasing a new plot. It is much simpler if you are dealing with a single owner who is quite flexible or some large sized corporation that has zero negotiation policy.


"If I buy the one from NSY, is it the ""real"" Sinopec? No - you are buying an American Depository Receipt. Essentially some American bank or other entity holds a bunch of Sinopec stock and issues certificates to the American exchange that American investors can trade.  This insulates the American investors from the cost of international transactions.   The price of these ADRs should mimic the price of the underlying stock (including changes the currency exchange rate) otherwise an arbitrage opportunity would exist.  Other than that, the main difference between holding the ADR and the actual stock is that ADRs do not have voting rights. So if that is not important to you then for all intents and purposes trading the ADR would be the same as trading the underlying stock."


"Ah, shit... sorry to hear all that... been there, done that.  The number of idiots in middle and upper management never ceases to amaze me.  Nor does the extent of the fiascoes and messes they manage to create, or the amount of money they manage to piss away in the process. (I've cleaned up more than my share, typically on a shoestring {and without all that much reward} -- alas, it's become somewhat of a ""special skill"" -- the downside of which is that once I get the mess all cleaned up and everything working like a clock... I get bored out of my mind).  So you have my sympathies.  Best wishes in finding a new work-home. (And keep running a tight personal-financial ship, it not only allows you to be a bit more confident in life {knowing you don't have to fear some individual or corporate jackasses' self-destruction}, but eventually it allows you to say ""F U"" to the whole mess.)  Cheers!"


"I was able to find a fairly decent index that trades very close to 1/10th the actual price of gold by the ounce. The difference may be accounted to the indexes operating cost, as it is very low, about 0.1%. The index is the ETFS Gold Trust index (SGOL). By using the SGOL index, along with a Standard Brokerage investment account, I was able to set up an investment that appropriately tracked my gold ""shares"" as 10x their weight in ounces, the share cost as 1/10th the value of a gold ounce at the time of purchase, and the original cost at time of purchase as the cost basis. There tends to be a 0.1% loss every time I enter a transaction, I'm assuming due to the index value difference against the actual spot value of the price of gold for any day, probably due to their operating costs.  This solution should work pretty well, as this particular index closely follows the gold price, and should reflect an investment in gold over a long term very well. It is not 100% accurate, but it is accurate enough that you don't lose 2-3% every time you enter a new transaction, which would skew long-term results with regular purchases by a fair amount."


Chúng tôi cung cấp dịch vụ giá cả phải chăng thach cao gia re. Thậm chí dịch vụ trần thạch cao cong cũng rất tuyệt đối với bề mặt, vì nó có thể không có vấn đề gì khi kích hoạt bằng thảm trải bằng ống mao mạch SMY, bởi vì kích thước nhỏ của ống mao dẫn khiến thảm rất linh hoạt. Đây là một trong những nhóm thực hiện tổng thể cao hơn cung cấp dịch vụ thạch cao giá rẻ, chúng tôi sử dụng vật liệu tốt nhất, tran thach cao dep. Mục tiêu của chúng tôi là hoàn thành sự hài lòng về trần nhà và thạch cao đúng cách bền lâu.


I was aware that sets are calibrated differently for show vs home use, but the Samsung looked just like my monitor. Apart from the lack of artifacts, the Samsung accurately showed subtle colour graduations without any visible boundaries whereas with other sets you could sometimes see the colour boundaries. And the skin tones blew me away too. Like I said I went in with no preferences outside of a Panasonic plasma and but it was no contest. Also I carried it out the store myself as it was one of the newer really thin models whereas with the plasma I would  have have to get it delivered and set up as it weighed 3x what the Samsung weighed. Just go and do a side by side comparison.


it is always fun to giggle at situations like these, and i have seen several myself with elderly lawyers, but really... what does a Navy Admiral need with eMail when they have staff?  you can carry that piece of paper with you, scribble notes on it, wave it around in a subordinate's face for dramatic effect, &tc &tc.    i kinda don't like the idea of an Admiral checking their gmail while trying to run one of those ships.  the fact that they don't know is pretty hilarious, however that knowledge doesn't - i wouldn't think - effect their performance on the job.


my friend suggested me TheLarge Formate Printing Shop.He is the permanent customer of this shop. the print quality is excellent and rates are quite reasonable as compare to other shops. the staff is very helping and cooperative towards customers.I am fully satisfied with this shop that is why I rate it as 5 strars.


We want to be able to get two cards (related: is it difficult to ask the credit card issuer for two cards, even if the account belongs to one person?) with the best credit limits and perks. No, it's actually quite common to have authorized users on your account.  They typically get a separate card with their name on it, but it's attached to your account and may or may not have the same number. Would it be better for me to apply for the card on my own, or would there be an advantage to having her co-sign? Probably faster/easier to just apply yourself and add her an an authorized user.  I know some issuers even offer additional sign up bonuses for adding an authorized user. As an afterthought, as her credit improves she can apply for the card and add you as an authorized user to again reap some more signup bonuses.


"Yep, all of these are correct.  I sat down and thought about the ""Money can't buy happiness"" line, and at the end of the day it's only correct in the strictest sense. No, nobody is selling joy at the market. You can't go down to the 7-11 and pick up a box of jubilation.  You know what, though? Money allows you to do pretty much whatever DOES make you happy. Derive joy from picking on a guitar? Well, if you're fucking filthy rich, you can buy dozens of 'em and do it all damned day if you want. Okay, but what if you're depressed -- what if it's a brain chem thing? Well, if it can be fixed, you can get it fixed with money. Doctors, prescriptions, etc. all cost.  I thought about it for a good while, and came to the conclusion that while having tons of money may not reduce the amount of problems I have (it may actually increase them), the vital difference is that none of the problems I'd have if I were rich are actually terribly important. Every problem I could think of ended up being stuff like, ""Well, I'd have to do a lot of research to figure out exactly the best place to build my fuck-off huge house"" or ""Gee, would it be better to rebuild my vehicle to my exact specs, or simply spend time finding an expert and giving them a guideline and hoping it turns out?"" At the end of the day, if you have a shit-ton of money, you can always just tell your troubles to take a flying leap and worry about them another time, ignore them forever, or _pay someone else_ to deal with them. There are a few exceptions, but every single fucking one of them would be worse if you weren't loaded."


"TL;DR - go with something like Barry Ritholtz's All Century Portfolio: 20 percent total U.S stock market 5 percent U.S. REITs 5 percent U.S. small cap value 15 percent Pacific equities 15 percent European equities 10 percent U.S. TIPs 10 percent U.S. high yield corp bonds 20 percent U.S. total bond UK property market are absurdly high and will be crashing a lot very soon The price to rent ratio is certainly very high in the UK.    According to this article, it takes 48 years of rent to pay for the same apartment in London.  That sounds like a terrible deal to me.  I have no idea about where prices will go in the future, but I wouldn't voluntarily buy in that market. I'm hesitant to invest in stocks for the fear of losing everything A stock index fund is a collection of stocks.  For example the S&P 500 index fund is a collection of the largest 500 US public companies (Apple, Google, Shell, Ford, etc.).  If you buy the S&P 500 index, the 500 largest US companies would have to go bankrupt for you to ""lose everything"" - there would have to be a zombie apocalypse. He's trying to get me to invest in Gold and Silver (but mostly silver), but I neither know anything about gold or silver, nor know anyone who takes this approach. This is what Jeremy Siegel said about gold in late 2013: ""I’m not enthusiastic about gold because I think gold is priced for either hyperinflation or the end of the world.""  Barry Ritholtz also speaks much wisdom about gold.  In short, don't buy it and stop listening to your friend.   Is buying a property now with the intention of selling it in a couple of years for profit (and repeat until I have substantial amount to invest in something big) a bad idea? If the home price does not appreciate, will this approach save you or lose you money?  In other words, would it be profitable to substitute your rent payment for a mortgage payment?  If not, you will be speculating, not investing.  Here's an articles that discusses the difference between speculating and investing.  I don't recommend speculating."


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(buy these when you expect the price to go down) You 'lock in' the price you can sell at. If the price goes down below the 'locked-in' price, you buy at the new low price and sell at the higher 'locked-in' price; make money. (buy these when you expect the price to go up) You 'lock in' the price you can buy at.   If the price goes up above the 'locked-in' price, you buy at the 'locked-in' price and sell at the new higher price, make money.


What matters is the combination of the loan amount and the time (hours/days/whatever) you've loaned out the money.  $100 * 10 hours * 30 times = 30K dollar-hours  The other loan is $100 * 24 hours * 30 days = 72K dollar-hours  But using your math the original loan is 30X the amount of the second.


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I have read from lot of places that transferring funds from NRO to NRE is possible given correct documents are provided. Yes this is correct. The key document 15CB establishes that you have paid taxes that were due before money is transferred from the NRO account to the NRE account and/or are repatriated. Here is what I am simply doing- Steps 3 & 4 more so the step 4 can be seen as new income. So the source of the funds is originally from NRE account. However, the CA feels that since my withdrawal and deposit mechanism in NRO is cash, I might be subject to questioning.   Is there any issues in doing the above? The CA is right. The Cash Withdrawal and Cash Deposit has broken the link between the money withdrawn and the money deposited. It could easily be the case that the Cash Withdrawals were spent on expenses and the Cash Deposit is new (taxable) income to you. This new income needs to be declared and the taxes paid. If you Uncle is a close relative (the exact relationships that are called close relatives are defined by law), the return of the money can be declared to be a gift from your Uncle to you and no taxes are due from you on the money. If the funds are large, it is advised to have a gift deed. It is not a simple matter of creating a gift deed stating that your Uncle has given you a gift; your Uncle has to show how he acquired so many assets that he gave you some money as a gift and whether appropriate taxes were paid by him.  If your Uncle is not a close relative, he can still gift you up to Rs 50,000 per year without you having to pay any income tax on the money received, but again, a gift deed would be needed to account for the cash deposits. In short, keep speaking to your CA. He will advise you on the best course of action. Related Question Transfering money from NRE account in India to family member


To avoid having it become overly complicated, I suggest it be run as would a mutual fund. Mutual funds transact each evening to set a price. Transactions for purchases or sales are done at that price each evening.  Initially, you have a dollar amount invested for each person. You can calculate the percent of the 'fund' each has, and, assuming the total is under $10K, 7 digits after the decimal accuracy is enough to track each share to the 1/10 cent.  When new money is added, that night, you calculate the exact value of investments, and add the new funds, so each person now has a smaller share of the larger fund.  If you wish, you can normalize this to 'share value' so my initial investment of $1000 is 100 shares regardless of the total amount invested. Then when new money comes in, the 'shares' increase as well. This may feel better as a declining percent may just seem awkward, even though that's the case.


> Ok, so you like posting on reddit. but you won't actually do the work to make sure you're making sense or are correct.  I can only go on what I read in the linked post. If further research is needed, then the article is badly written in the first place.  > I'm someone who knows her in real life.  Go and white knight somewhere else. Nobody gives a shit if you know her personally - we can only go on what gets posted.


"That sounds like a marketing process that might work although it would be much easier and will most likely have a better impact if you made a cool video showing it glowing in the dark at a rave/party/nightclub and had a women's voice over it saying little jabs of info and branding it as ""the party drink"" or some other brand that you want to turn it into. Then take that video and put it on FB and do some paid marketing with FB's AI system so it can find your target market and then once you do find who buys it, market the shit out of it.  After you prove that people want it, maybe find a distributor since you will then have provable sales and let the distributor sell it to every gas station and quicky mart known to man and just keep up with the marketing and branding and then boom you are a millionaire!!!  Well, maybe. haha"


Be prepared with examples of your previous work or school experiences that you can share that show you in a good light and have a positive end result.  So if they ask you a series of questions like this, you're prepared:  *  Tell me about a time when you missed a deadline, what happened?  how did it turn out? *  At times we all have trouble getting along with someone, tell me about a time that happened to you, how did you handle it?  how did it turn out? *  Tell me about your favorite project/proudest accomplishment/... at your previous job/school project/...  What did you enjoy about it?


> First, the administration is confounded by inexperience, incompetence and infighting.  blasting Trump is always agenda #1 for the Fake News Times  but yea, everything was so smooth when Obama **averaged** $1.2 **trillion** per year in added debt  btw, the suck ass Republicans literally handed him that with no objections.  even Schumer was shocked the one recent year when Republicans gave Obama even more than he asked for  no, there is no **crisis** (Fake News Times) if we just turn back the clock and behave/vote the same for Trump as for Obama


No, I was only partially sarcastic. The new stock sale goes to FB, not paid out to stockholders, at this point. Whether the stock is price right depends on how that investment is spent. People forget that stock is sold to generate investment capital, not to get a short-tem bump, and see who is left holding the bag. Was FB overpriced? It depends.


And it's only as cheap as 1.78% if you stay with them 10 years! They'd love that. You can kind of tell they really want to lock you in for over 4 years. I also think it's daylight robbery, but as a self execution investor I tend to have to talk myself out of that belief by default to be fair. One can wonder too, why are there even 2 fixed (percentage wise) fees? They are desperate not to have one number that is too big sounding, either the advisor fee is a rip off because they have to do all the same analysis regardless, or you could take the view that it's the only valid fee as you're paying for a slice of something, where as the other fee is what? A share of the fixed costs? Well, isn't advising as essential as anything else? I actually think Nutmeg is OK, I've not used them or dealt with them in any way but they are, to a greater or lesser degree, what I've wished for to recommend to friends who don't want to DIY, which is a cheaper next generation online investment facility, and their fees drop significantly over 100K. Going by their claimed past performance and fee structure, whilst I'd like them to be cheaper, I personally think they are not a bad choice in the market.


"This is the best tl;dr I could make, [original](http://www.afr.com/business/banking-and-finance/financial-services/maurice-blackburn-weighs-cba-class-action-20170823-gy235k) reduced by 84%. (I'm a bot) ***** > Law firm Maurice Blackburn and ASX-listed litigation funder IMF Bentham are preparing to launch a class action against Commonwealth Bank of Australia alleging failures to disclose to the stockmarket AUSTRAC&#039;s investigation of its anti money laundering shortcomings.  > Disclosure should have been as early as August 17, 2015, the class action will argue - the date CBA released its annual report and a retail booklet for a $5 billion rights issue.  > CBA has around 800,000 retail shareholders but under class action law, only those who purchased shares and held some of them during the period of alleged non-disclosure will be able to participate in the action.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6vikty/maurice_blackburn_weighs_cba_class_action/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~196808 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **CBA**^#1 **action**^#2 **class**^#3 **AUSTRAC**^#4 **case**^#5"


You're missing out by not buying shirts online. I guess it depends on the type of shirt, but I'll never buy a men's dress shirt in a store again outside of an emergency. In store shirts are always crazy expensive, poor quality, and a terrible fit.  Online I can get the precise size, fabric, and construction I want, for about a third cheaper than in store.


Trading data can be had cheaply from:  http://eoddata.com/products/historicaldata.aspx  The SEC will give you machine readable financial statements for American companies for free, but that only goes back 3 or 4 years.  Beyond that, you will have to pay for a rather expensive service like CapitalIQ or CRSP or whatever.  Note that you will need considerable programming knowledge to pull this off.


Option three is our preferred method, and we never argue about money. First we did a budget to work out ALL monthly joint out-goings (mortgage, bills, grocery etc). Then we each agreed who would pay what into the joint or household account - at the moment, I earn more than my wife, so I pay more, but we sit down every three or four months, to see if it needs adjusting. This way, we each keep our own individual accounts private, but pay what is necessary into the household account. We also set up a joint savings account; often at the end of the month, we'll have a little extra left in the household acount, and we siphon that off into joint savings to cover future unexpected costs - looks like our tumble dryer is on its last spin cycle at the moment, for example, and the joint savings account will be able to cover the cost of replacement. it all takes a bit of administration - but, as I say, we've never had a cross word about money, so the system seems to work.


The other responses are correct in that financially, you should pay off the highest-interest-rate debt first, while paying the minimum on any lower-interest-rate debt to avoid any fees or penalties. However, there is one more trick you might consider: Unless you have the $20k available to pay the Discover debt immediately (and you say you have $9.5k so far), you could roll over your private debt over to a new card with a lower interest rate. It's pretty common to find balance transfers deals that charge a 3% transfer fee to have 0% APY for 1 year.  If you are an organized person and are sure you won't forget to balance transfer again in the future, this would bring your private debt down to ~3%/year, and make your highest effective interest rate the $7.5k debt at 6%, and you could pay that down first. That's the extreme version, and requires you to set a calendar alert 10-11 months in the future.  A less-extreme tactic would be to try to switch your private debt once to a lower rate - you probably could find a card with 0% APY for 1 year and then 7-8% afterwards, without continuing to balance transfer in the future.  Then it would be closer to negligible which debt you chose to pay down first (between private and Perkins), and in that case I'd advocate finishing off the smaller debt entirely (because it would be the highest rate at that moment, and to feel good about knocking one off, and to reduce the number of fees and credit score hits if you ever took a vacation and was late on a monthly payment).


Everyone is telling you how to manage your finances, good for them that's not an answer to your question. The real answer solves how to get your money to travel. The bank likely might extend you a loan especially if you have assets greater than the amount borrowed.  However, a better solution (or alternative if the bank's rate are too high or they simply won't give it to you) is to go to a P2P lending platform these are copious in the UK and US. If I remember correctly there was a Canadian platform called CommunityLEnd or FinanceIT. The point here is this: Go borrow money at a lower rate than your credit card (there are other alternatives than P2P, you can google these, just make sure the rate is lower than your credit card). Pay the card off, and go on vacation just make sure you can pay it all off eventually otherwise you'll be swimming in debt you cant pay.


"Monitoring all three is good practice. That way, you will be notified as soon as there is a hard pull on any of your reports. Most financial institutions only pull one of your three reports to open new credit. If you're only monitoring one, you won't be alerted to new accounts until about a month passes and they are reported to all three. By this time, restoration will be much, much more difficult than if you called the financial institution immediately to say ""that's not me!"""


I work there and eat a meal there, sometimes two, five or six days a week. I'm still not tired of it. I haven't gained any weight from it yet either because I treat it like a normal meal and don't eat a full burrito, chips and guac every day. Nevertheless I love cooking the food there and am rather proud I'm serving up quality stuff.


"I'd like to suggest a plan. First, I know you want to buy a house. I get that, and that is an awesome goal to work for. You need to really sit down and decide why you want a house. People often tell we that they want a house because they are throwing their money away renting. This is just not true. There is a cost of renting, that is true, but there is also a cost of owning. There are many things with a house that you will have to pay for that will add little or no equity/value. Now that equity is nice to have, but make no mistake under no circumstance does every dime you put into your house increase its value. This is a huge misconception. There is interest, fees, repairs, taxes, and a bunch of other stuff that you will spend money on that will not increase the value of your home. You will do no harm, waiting a bit, renting, and getting to a better place before you buy a house. With that out of the way, time for the plan. Note: I'm not saying wait to buy a house; I am saying think of these as steps in the large house buying plan. Get your current debt under control. Your credit score doesn't suck, but it's not good either. It's middle of the road. Your going to want that higher if you can, but more importantly than that, you want to get into a pattern of making debt then honoring it. The single best advise I can give you is what my wife and I did. Get a credit card (you have one; don't get more) and then get into a habit of not spending more on that credit card than you actually have in the bank. If you have $50 in the bank, only spend that on your credit card. Then pay it in full, 100%, every payday (twice a month). This will improve your score quite a bit, and will, in time, get you in the habit of buying only what you can afford. Unless there has been an emergency, you should not be spending more on credit than you actually have. Your car loan needs to get under control. I'm not going to tell you to pay it off completely, but see point 2. Your car debt should not be more than you have in the bank. This, again is a credit building step. If you have 7.5k in the bank and own 7.5k on your car, your ability to get a loan will improve greatly. Start envelope budgeting. There are many systems out there, but I like YNAB a lot. It can totally turn your situation around in just a few months. It will also allow you to see your ""house fund"" growing. Breaking Point So far this sounds like a long wait, but it's not. It also sounds like I am saying to wait to actually buy a house, and I'm not. I am not saying get your debt to 0, nor do I think you should wait that long. The idea is that you get your debt under control and build a nice solid set of habits to keep it under control. A look at your finances at this point Now, at this point you still have debt, but your credit cards are at 0 and have been, every payday for a few months. Your car loan still exists, but you have money in the bank to cover this debt, and you could pay it off. It would eat your nest egg, but you could. You also have 15k set aside, just for the house. As you take longer looking for that perfect house, that number keeps growing. Your bank account now has over $25,000 in it. That's a good feeling on its own, and if you stick with your plan, buy your house and put down $15k, you still have plenty of wiggle room between credit cards that are not maxed out, and a $7.5k ""padding"" in case the roof falls in. Again it sounds like I'm saying wait. But I'm not, I'm saying plan better. All of these goals are very doable inside one year, a rough year to be sure, but doable. If you want to do it comfortably, then take two years. In that time you're looking, searching and learning."


Right, wrong or indifferent I see account gains of nearly 50% so far this year; now being January 23, 2016.  That is  mostly staying on the short side.  I am not adverse to long positions at all; only hop to the other side when the tide turns. I will probably end up castrating myself on the fence at some point.


"overtime is a fond memory in the USA maybe. somehow the rest of the civilized world has discovered overtime/living wage are not mutually exclusive to progress and quality of life.  and at somepoint, as history has over and over and over again shown. those who view themselves as ""ambitious enough and smart enough"" to exploit their peers, will have the floors ripped out from under them.  additionally, this isn't ""overpaying"". this is paying enough for people to live a happy life. this is what it means to live in a SOCIETY. you are part of the problem, not some messiah who happened to be smarter and more ambitious."


Yea because we need beautiful UI glass effects in our nuclear silos...  Raw computing power has been sufficient for most tasks since the 80s.  Almost all the gains since then have gone into usability.    For something like a nuclear missile controller you really don't want to be updating every other year to untested new technology that no single human could fully understand.  A beautiful UI is not sufficient compensation for the added complexity.


"Firstly, the agent doesn't work for you. He works for himself.  It's in his interest not to get you a house at the lowest cost but to sell you a house. The higher the price the higher his commission is, or the higher the probability that the seller will sell it meaning less work for him. It depends on the market what price you should give. If I were you, I would do my own research about this area and not just trust the agent's assessment of it being a ""seller's"" market. Not sure where we are talking about but as you know, house prices have fallen a lot in the last few years and the economy isn't doing that well. It also depends on yourself. Every house is different and there's an emotional attachment to buying property. How much do you really want this house? Would it matter if you didn't get it? Are you prepared to keep looking? If this is your dream house, then maybe it is worth offering a bit more to ensure that you get it. If not, and you are prepared to wait, then yeah, I would shoot a little lower and see what they say. One thing I will say though is generally even if you give them a low offer, unless they're getting lots of other offers or they have to sell urgently, alot of the times the seller will come back and try to negotiate with you anyway. After all, it's business and they're there to get the highest price."


The IRS defines income quite specifically. On the topic What is Taxable and Nontaxable Income, they note: You can receive income in the form of money, property, or services. This section discusses many kinds of income that are taxable or nontaxable. It includes discussions on employee wages and fringe benefits, and income from bartering, partnerships, S corporations, and royalties.  Bartering, or giving someone wages (or similar) in something other than currency (or some other specifically defined things, like fringe benefits), is taxed at fair market value: Bartering Bartering is an exchange of property or services. You must include in your income, at the time received, the fair market value of property or services you receive in bartering. For additional information, Refer to Tax Topic 420 - Bartering Income and Barter Exchanges. Bartering is more specifically covered in Topic 420 - Bartering Income: You must include in gross income in the year of receipt the fair market value of goods or services received from bartering. Generally, you report this income on Form 1040, Schedule C (PDF), Profit or Loss from Business (Sole Proprietorship), or Form 1040, Schedule C-EZ (PDF), Net Profit from Business (Sole Proprietorship). If you failed to report this income, correct your return by filing a Form 1040X (PDF), Amended U.S. Individual Income Tax Return. Refer to Topic 308 for information on filing an amended return. More details about income in general beyond the above articles is available in Publication 525, Taxable and Nontaxable Income.  It goes into great detail about different kinds of income. In your example, you'd have to calculate the fair market value of an avocado, and then determine how much cash-equivalent you were paid in.  The IRS wouldn't necessarily tell you what that value was; you'd calculate it based on something you feel you could justify to them afterwards.  The way I'd do it would be to write down the price of avocados at each pay period, and apply a dollar-cost-averaging type method to determine the total pay's fair value.   While the avocado example is of course largely absurd, the advent of bitcoins has made this much more relevant.  Publication 525 has this to say about virtual currency: Virtual Currency.   If your employer gives you virtual currency (such as Bitcoin) as payment for your services, you must include the fair market value of the currency in your income. The fair market value of virtual currency (such as Bitcoin) paid as wages is subject to federal income tax withholding, Federal Insurance Contribution Act (FICA) tax, and Federal Unemployment Tax Act (FUTA) tax and must be reported on Form W-2, Wage and Tax Statement. Gold would be fundamentally similar - although I am not sure it's legal to pay someone in gold; assuming it were, though, its fair market value would be again the definition of income.  Similarly, if you're paid in another country's currency, the US dollar equivalent of that is what you'll pay taxes on, at the fair market value of that currency in US dollars.


I just set up an account with Scottrade bank (affiliated with the stock trading company).  I get free checking, free checks, and automatic reimbursement for all ATM fees up to 10 withdrawals per month.  Beat that, Bane of America!


I wish I had started contributing to the pension fund offered by my employer sooner than it became compulsory. That is, I started working when I was 23 but did not contribute to the pension fund until I was 30 (the age at which it is compulsory to do so). I lost a lot of productive years in mid to late 90s, when the stocks were doing well. :-(


I'm not familiar with the deal, nor is this my specialty, but a cursory Google search yields that Greybull (the buyer) also [agreed to invest £400m in Scunthorpe](http://www.telegraph.co.uk/business/2016/04/11/greybull-nears-deal-to-buy-tata-steels-scunthorpe-plant/). The £1 was, as far as I can tell, somewhat symbolic.   [The whole thing](http://www.businessinsider.com/tata-steel-sells-uk-business-to-greybull-capital-2016-4?r=UK&IR=T) sort of reads to me like Tata wanted it off their books and the UK government wanted it to be [revitalized](https://twitter.com/EdConwaySky/status/719478349886791680), but again, not really my wheelhouse.


The stock market is no different in this respect to anything that's bought or sold. The price of a stock like many other things reflects what the seller is prepared to sell it at and what the buyer is prepared to offer for it. If those things match then a transaction can take place. The seller loses money but gains stocks they feel represent equivalent value, the reverse happens for the buyer. Take buying a house for example, did the buyer lose money when they bought a house, sure they did but they gained a house. The seller gained money but lost a house. New money is created in the sense that companies can and do make profits, those profits, together with the expected profits from future years increase the value that is put on the company. If we take something simple like a mining company then its value represents a lot of things: and numerous other lesser things too. The value of shares in the mining company will reflect all of these things. It likely rises and falls in line with the price of the raw materials it mines and those change based on the overall supply and demand for those raw materials. Stocks do have an inherent value, they are ownership of a part of a company. You own part of the asset value, profits and losses made by that company. Betting on things is different in that you've no ownership of the thing you bet on, you're only dependent on the outcome of the bet.


Grocery is a dog-eat-dog world. On one end you have Whole Foods which competes on a premium experience & product and on the other you have Walmart/Club stores that compete on price/bulk. Everything else in the middle is just getting crushed as they can't move very far in any meaningful direction.


When considering to buy your favorite silver plated charms, you need an accomplished and trustworthy jeweler, whose knowledge will guide you into making informed purchases. That is exactly what you will get when you choose Charmed Charms as your Jewelers of choice.


"I feel that getting money sooner than later is always advantageous. If I offered you the choice between getting: Which option would you take? I would take the last option. And for the same reason, from a purely-numbers point of view, I would argue that getting paid biweekly is preferable (assuming the the annual salary is pro-rated fairly, and barring any compulsive spending habits). Your calculations suggest to me that they are trying to answer the question, ""Looking at a single year or month (or some other fixed amount of time) in a vacuum, is there any financial benefit to being paid bi-weekly over monthly?"". The analysis seems to be focusing on comparing the two pay schedules on a month-by-month basis, noting when one is paid bi-weekly, some months you get paid more times than the other. However, one could also compare the two pay schedules on a fortnight-by-fortnight basis, and note that when one is paid monthly, many fortnights you don't get paid at all, and some you get paid a lot. Or one could compare the two pay schedules on an hour-by-hour basis, too. But in the long run, the money adds up to be the same amount. I prefer getting it as soon as I can."


By paying off 50K in debts now, you'll have 50K less to invest in your new house. That means that you'll have a mortgage that's 50K higher. So, it's trading one debt for another. This means you should be comparing the T&Cs for the two. The most obvious is the interest rate. That's slightly tricky for your future mortgage, as 20% money down may affect the mortgage interest rate. The easiest way is to calculate the raw $ interests you'd pay in both cases. Besides interest, there are more conditions. Some debts may include life insurance, which has a definite value in your case. It would be hard to compare those here, you'd have to do so yourself


That's true, didn't think about that. However, I don't ever really find myself not connected to internet before I start a trip to somewhere (where of course it works if you lose service and are already on the trip).


"What bothers be is that Juicero received so much funding to begin with. I'll water most people here people here know the nuances particulars but I'll list a few points.  1. The juicer was an over engineered press.  2. It had WiFi which made it better, some how.  3. It had over priced juice packets.  4. And lets not forget that you could simply squeeze the hand packets yourself.  I like to think I'm a smart guy. VC's, I would imagine, are very smart people. How is it that a juicing company convinced so many allegedly very smart people to give them money? What happened to due diligence, investigation, or just asking basic questions like ""couldn't I just squeeze the packets myself""?   It's one thing if some guy makes a stupid invention. That happens. It quite another when he successfully convinces other people to give him a literal fortune to make more. This story leaves me genuinely angry."


?  The guy claimed that BTC had intrinsic value so I asked him what instrinsic value BTC had.  BTC has literally 0 intrinsic value, it doesn't even exist physically.  I'm not saying the technology is worthless or that it doesn't have value, but it certainly doesn't have intrinsic value.  Gold--you can create things with gold, silver--silver is important in medical applications, can be made into things.  These things have value, even in circumstances where the market disappears or the demand ceases.  A company has intrinsic value in that its assets can be sold off and liquidated for cash--even if they don't generate a single penny.  Gold has intrinsic value in that even if there is no one demanding gold, it can still be useful for something.    If no one wants BTC, you literally can't do anything with it except look at the numbers.  It's the equivalent of hoarding a pile of dust that the market valued for some reason and then the market crashes--what are you going to do with a pile of dust?  Literally nothing except watch it fly in the wind.  It was only worth something because other people valued it.    Block chain is revolutionary tech, but there is no IV with BTC.  BTC and block-chain aren't really even interchangeable--it's like the relationship between a square and a rectangle; a square is a rectangle but a rectangle is not necessarily a square.  BTC is block chain but block chain isn't BTC.  Even if BTC fails and dies, there will be something else that takes its place but there is no IV with BTC.  Trying to assign BTC some sort of IV is a misleading.  There are many reasons BTC is revolutionary but it's not because there is some sort of huge IV attached to it.    And where did I ever call BTC a ponzi scheme?  You sound like you got a chip on your shoulder.


"Rebalancing has been studied empirically quite a bit, but not particularly carefully and actually turns out to be very hard to study well.  The main problem is that you don't know until afterward if your target weights were optimal so a bad rebalancing program might give better performance if it strayed closer to optimal weights even if it didn't do an efficient job of keeping near the target weights. In your particular case either method might be preferred depending on a number of things: You can see why there isn't a generally correct answer to your question and the results of empirical studies might very wildly depending on the mix of assets and risk tolerance.  Still if your portfolio is not too complicated you can estimate the costs of the two methods without too much trouble and figure out if it is worthwhile to you. EDIT In Response to Comment Below: Your example gets at what makes rebalancing so hard empirically but also generally pretty easy in practice.  If you were to target 75% Equity (25% bonds?) and look at returns only for 30 years the ""best"" rebalancing method would be to never rebalance and just let 75% equity go to near 100% as equity has better long term returns.  This happens when you look only at returns as the final number and don't take into account the change in risk in your portfolio. In practice, most people that are still adding (or subtracting in retirement) to a retirement portfolio are adding (removing) a significant amount compared to the total amount in their portfolio.  In the case you discribe, it is cheaper (massively cheaper in the presence of load fees) just to use new capital to trade toward your target, keeping your risk profile.  New money should be large enough to keep you near enough your target.  If you just estimate the trading costs/fees in both cases I think you'll see just how large the difference is between the two methods this will dwarf any small differences in return over the long run even if you can't trade back all the way to your target."


This sounds more like a behavioral than a debit card issue to me TBH. Did you put the money you're putting away into a separate savings account that you (mentally) labelled 'for investment'? That's pretty much what I do (and I have a couple of savings accounts for exactly that reason) and even though I know I've got $x in the savings accounts, the debit card I carry only lets me spend money from my main bank account. By the time I've transferred the money, the urge to spend has usually gone away, even though it often only takes seconds to make the transfer.


The problem is that most recruiters don't know what they are looking for either. They don't have the background or experience to match someone to a job. Or they ignore transferable skills. The talent acquisition department at my company had such a bad reputation everyone says to just email the hiring manager.


"In truth there is no such thing as a risk-free asset.  That is why your textbook feels the need to add the qualifier ""for practical purposes,"" meaning that the risk of a money market account is so much lower than virtually any other asset class that it can reasonably be approximated as risk free. The main risk of any bond, short-term or long-term, is that its price may change before the maturity date.  This could happen for one of many reasons, such as interest rate changes, creditworthiness, market risk tolerance, and so on.  Thus you may lose money if you need to redeem your investment ahead of the scheduled maturity."


I might be missing something, but I always understood that leasing is about managing cash-flow in a business. You have a fixed monthly out-going as opposed to an up-front payment. My accountant (here in Germany) recommended: pay cash, take a loan (often the manufactures offer good rates) or lease - in that order. The leasing company has to raise the cash from somewhere and they don't want to make a loss on the deal. They will probably know better than I how to manage that and will therefore be calculating in the projected resale value at the end of the leasing period. I can't see how an electric car would make any difference here. These people are probably better informed about the resale value of any type of car than I am. My feeling is to buy using a loan from the manufacturer. The rates are often good and I have also got good deals on insurance as a part of that package. Here in Germany the sales tax (VAT) can be immediately claimed back in full when the loan deal is signed.


If the intention is after maturing to convert back the Rupees into Euro, its not a good idea.  Generally the interest rate in Euro and the interest rate in Rupee are offset by the predicted exchange rate. i.e. the Rupee will fall compared to Euro by similar rate. The point at Step 5 is generally what is expected to happen. At times this can be less or more depending on the local / global factors. So on average you will not make money, some times you will loose and sometimes you will gain. Plus I have shown flat conversion rates, typically there is a Buy Rate and a Sell Rate for a pair of currencies. There is a difference / spread that is the margins of Bank. Typically in the range of 2 to 4% depending on the currency pairs.


You don't decide what gets to be owed, the government does. In your example, they wouldn't owe 1000, they would determine that they only have enough for 750. So guess what, you're now owed only 750. It's called cutting benefits.


This thread has been linked to from elsewhere on reddit.    - [/r/ConcentrationOfWealth] [Peak Inequality: The .01% And The Impoverishment Of Society • /r/economy](http://np.reddit.com/r/ConcentrationOfWealth/comments/2ehfse/peak_inequality_the_01_and_the_impoverishment_of/)   *^If ^you ^follow ^any ^of ^the ^above ^links, ^respect ^the ^rules ^of ^reddit ^and ^don't ^vote ^or ^comment. ^Questions? ^Abuse? [^Message ^me ^here.](http://www.reddit.com/message/compose?to=%2Fr%2Fmeta_bot_mailbag)*


"Well this is a bit of a shameless plug... but you could always check out the TaxQueries website.  The site is ""similar"" to this one but geared more towards accountants and tax preparers. Looks around for someone who seems to know what they're talking about and check their bio. If you're REALLY having a problem finding a good accountant, email me directly.  I have over 700 of them connected to my Linked-In profile. ;-) Andrew Smith andrew@taxqueries.com http://www.taxqueries.com"


Your credit card company will send you funds, probably a paper check, if you have a negative balance.  So this situation will not last long.  I'd guess 3-6 months at most, depending on the company's procedures.


> That is a patent troll  [Nope](http://en.wikipedia.org/wiki/Patent_troll):   > Patent troll is a pejorative term used for a person or company who enforces patents against one or more alleged infringers in a manner considered aggressive or opportunistic **with no intention to manufacture or market** the patented invention.


Dude, just because Reddit says Walmart = 100% devil, does not make it true.  For example, my mother happens to work at Walmart (Dallas, TX)  She LOVES working there. About $14/hour, great healthcare/dental/vision, gets shares on the cheap, etc.  She's been there about 7 years.  Edit: and 10% off everything.


Probably not.  Once the formula is out there, and if it actually seems to work, more and more investors chase the same stocks, drive the price up, and poof!  The advantage is gone. This is the very reason why Warren Buffett doesn't announce his intentions when he's buying.  If people know that BRK is buying, lots of others will follow.


As you are not a tax resident in India, the income you have earned can be moved to India tax free. However if you are investing the funds into say shares / fixed deposits etc, the income you earn on these funds is taxable in India. The funds can be transferred directly into savings account. However its advisible to open an NRE/NRO account as its easier to track funds for tax purposes. i.e. these accounts by nature certify that the funds received into them are from foreign sources and can easily be explained to the tax authorities. However establishing the origin of funds in ordinary savings accounts needs more paper work. Whenever there is a scrutiny by tax authorities on this savings account, it would need more efforts to establish that the credits are from foreign earnings.


"You don't just sit there and say ""hmm, we just lost the Wrigley contract... I wonder why? I guess we will never know...""  If a huge contract is lost you better believe that someone is calling to followup and find out why they left and try their best to get them back."


I rolled mine over from the company I was at into my own brokerage house.  You can't roll them into a Roth IRA, so I needed to setup a traditional IRA. There is paperwork your old jobs can provide you.  I had to put in some mailing addresses, some account numbers and turn them in.  My broker received it, I chose what I wanted to invest it in and that was that.  No tax penalty or early withdrawal penalty.  The key to avoiding penalties is to have your past employers send the money directly to another retirement fund, not send a check to you.


"Summarized article: Barnes & Noble Inc. revealed on Wednesday that the tampering of PIN pad devices in 63 of its stores was a well-organized scheme to steal financial information.   Criminals had planted a ""bug"" on a single PIN pad device at each store to capture credit card and PIN numbers. Affected stores were found in California, Connecticut, Florida, New Jersey, New York, Illinois, Massachusetts, Pennsylvania, and Rhode Island.  Once Barnes & Noble learned of the breach on September 14, the bookseller halted use of PIN pad devices in its 700 stores. The retailer's College Bookstores were not affected.   Barnes & Noble is currently working with the FBI and with banks and payment card brands to identify accounts that may have been compromised.  * For more summarized news, subscribe to the [/r/SkimThat](http://www.reddit.com/r/SkimThat) subreddit"


Not 100% related, but the #1 thing you need to avoid is CREDIT CARD DEBT. Trust me on this one.  I'm 31, and finally got out of credit card debt about eight months ago. For just about my entire 20s, I racked up credit card debt and saved zero. Invested zero. It pains me to realize that I basically wasted ten years of possible interest, and instead bought a lot of dumb things and paid 25% interest on it. So yes, put money into your 401k and an IRA.  Max them out.


> Air is an abundant resource with no scarcity thus a poor candidate for a for-profit venture.  Scarcity can be artificially manufactured. Just pollute the atmosphere with a chemical that makes breathing difficult, and you can now charge for access to clean air. In a similar vein, health care can be socialized so that it too becomes an abundant resource. Many nations now have taken steps in a similar direction, with results that [speak](http://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy) [for](http://en.wikipedia.org/wiki/List_of_countries_by_total_health_expenditure_\(PPP\)_per_capita) [themselves](http://en.wikipedia.org/wiki/World_Health_Organization_ranking_of_health_systems).  > The rest of your post really reads like you have committed to the zero-sum fallacy of economics  That is certainly not what I was going for. I am merely pointing out that attempting to profit from a life critical resource like health care is likely to result in a global net loss. That stands in complete contrast of the idea that the economy is a zero-sum system, since in that case we should at least break even. While I understand that profits made from health care can be reinvested to drive the economy, I do not believe that is enough to make up for potential cost to the society.  Essentially, my argument approaches the question from both an economical, as well as a ethical perspective. I believe that a high-tech society like ours has enough resources, production potential, and cash flow to be able to completely address all basic moral obligations to all members of the society on a on a non-profit basis without sacrificing too much economic productivity. The resulting boost in the health of the populace should then more than make up for the lost profits by increased productivity in other sectors. Granted, some established organizations may lose a cash cow that they have been milking for generations, but the volatility of the world does not guarantee any perpetual profit machine.


http://annualcreditreport.com/ That's the official site for getting your free yearly credit report (one free per year from each of the 3 reporting bureaus).


"Figured it out.  Vertical spreads significantly reduce the amount of ""buying power"" on the account needed vs. buying / selling pure calls / puts.  So even though the transaction fees may more double in some instances, it may be worth it in order to operate with pricier underlying instruments. Spreads are also considered ""defined risk"" trades where both the profit and loss are capped per how the spreads are setup.  This is compared to single calls / puts where either the upside or the downside can be unlimited.  So for times when the expected move is not as pronounced, a spread may be a better fit depending on environment and other factors."


We provide the best offers his expertise and many years of business valuation, ownership experience to assist in the heavy task of automotive dealer succession planning. The company is proud of our long-standing commitment to the automotive dealer planning. For over half a century, we’ve been a leading source of financial support for dealerships of all sizes throughout the United States. We operate nine loan production offices in key automotive markets across the country. You can count on our automotive recall expert witness to provide a full range of additional financial services.


"The short answer is that it depends on the industry. In other words, margin alone - even in comparison to peers - will not be a sufficient index to track company success.  I'll mention Apple quickly as a special case that has managed to charge a premium margin for a mass-market product.  Few companies can achieve this. As with all investment analysis, you need to have a very clear understanding of the industry (i.e. what is ""normal"" for debt/equity/gearing/margin/cash-on-hand) as well as of the barriers-to-entry which competitors face. A higher-than-normal margin may swiftly be undermined by competitors (Apple aside).  Any company offering perpetual above-the-odds returns may just be a Ponzi scheme (Bernie Maddof, etc.).  More important than high-margins or high-profits over some short-term track is consistency of approach, an ability to whether adverse cyclical events, and deep investment in continuity (i.e. the entire company doesn't come to a grinding halt when a crucial staff-member retires)."


Based on several of the comments, I can foresee a situation in which an activist investor kicks in a lot of his own money, which, along with funds from kickstarter and possibly some of the investor's buddies, are enough to purchase a major share in a large bank, and by persuading other sympathetic shareholders, they are able to make headway in changing the industry. While improbable, it would at least be plausible.


"Yes, you must file North Carolina AND South Carolina income tax. If you live in one state and work in another, the income is potentially taxed twice. Most states give a credit for taxes paid to the other state. Often you pay the tax in the state where you worked, and then if the tax rate in the state where you live is higher, you pay the difference. But the details depend on the tax laws of the two states involved. I'm not an expert on either Carolina's tax laws. Start by getting the forms and instructions from both states and see what they say. Or if you're using tax software, see if it handles this case. If someone else on here knows the specifics of the tax laws for the Carolinas, I gladly yield. :-) Many states establish ""reciprocity agreements"" with other states, usually the neighboring states, that generally say that if the state you live in and the state you work in are both party to the agreement, then you only pay tax in the state you live in. This simplifies things a lot. Unfortunately, neither North Carolina nor South Carolina have such agreements with each other or with any other state."


FTA: “Yet this new study notes that subsidies aren’t simply cash being handed to oil companies. Subsidies often come in the form of tax breaks, which is just one of the many ways oil companies receive government handouts.”  Tax breaks are not subsidies.  The taxpayer pay absolutely nothing to the oil companies when a tax break is applied.  The taxpayers are actually net recipients from the drilling activity.  If the existence of a tax break is a requirement for oil drilling profitability, then elimination of the tax break would eliminate drilling.  The taxpayers are choosing between zero additional tax revenue without tax breaks or some tax revenue with tax breaks so drilling can proceed.  The article’s point about export ports being subsidized by the taxpayer is a distraction.  The VAST majority of oil produced in the US is consumed in the US.  All that oil is drilled, transported, refined, transported again, then sold to consumers in an end-to-end supply chain built on a vast sum of private capital.


"> Maybe then he'll sell the name to somebody who wants to make something out of it.  That assumes that the name has any value left in it.  After the massive decline that Sears has gone through, would you want to call your new venture ""Sears"" and take on all of the baggage that comes with that name, or would you want to come up with a new name that hasn't been soiled by a predecessor company?"


"SO has observed a lot of irresponsible spending from a parent, which has scarred SO for life OK, so we've got fear... SO is not very financially savvy and has very little idea about how much we earn  ...and ignorance.   You are entirely correct to worry about the conversation. Fear plus ignorance equals disastrous conversations. I manage our finances. Apparently your SO wishes to have input on the management of your finances without understanding them. It strikes me that this serves neither of you well. I would note that it is exceedingly difficult to rationally argue someone out of a position that they arrived at through irrational fear and ignorance. So I wouldn't start by having a conversation about charitable giving at all. Rather, I would start by addressing the ignorance, because that's the easy one.  how high up we are in terms of being in the top y% of households by income Income is irrelevant to the fearful; income can vanish with debts remaining. If your SO is not earning much of that income then SO's future financial security is dependent on the whims of another, which has already turned out badly once for SO.  Focusing on raw income is the wrong way to go; focusing on an abstraction like percentile is even more irrelevant. The figures to focus on are not income and percentile, but rather net worth and change in net worth over time.  Income $300K, expenses $350K eventually leads to poverty if you lack net worth, even if you are in the 1% of income earners. Open up with ""how much do you think we earn?"" Playing rhetorical games with ignorant people seems both risky and perhaps unethical to me, and it seems unlikely to engender trust. I would approach this situation by first removing the ignorance, rather than attempting to take advantage of it for rhetorical purposes.  I would also institute a policy that ignorant people don't get a say. If SO wants to abrogate financial responsibility to you, then SO should accept your decisions without question. If SO wants to have a say in your joint financial life then SO has a responsibility to make recommendations based on both facts and feelings, not just feelings. So, how to remove this ignorance? This will take some doing, but not much. Go through your records and account for: From that you can compute your net worth. Then go back a few years and account for: From this you can show the effect of your past prudent decisions on your net worth. There should be no percentages. There should be no math more complicated than adding and subtracting, and it should be very clear what adds and substracts to what.  People who are financially savvy are extremely intimidated by jargon. If some of your increase in net worth came from a realized capital gain less taxes do not say ""realized capital gain less taxes"" on your summary document. There should be no ""depreciation"" or ""cost basis"" or anything even vaguely like that. Even ""assets"" and ""liabilities"" are too jargonish. ""Possessions"" and ""debts"" are more easily understood. I'm thinking something like: My SO is financially savvy and still I do this about twice a year; it's helpful for both of us to have a quick summary of what's coming in, what's going out, and what we've got. Once the ignorance is gone, then start working on the fear. It sounds like the fear comes from a betrayal of trust, so it's not just enough to be trustworthy, you've got to consistently appear trustworthy. A great way to do that is to keep doing what I already suggested: on a regular, ongoing basis inform SO of how you are doing financially. When SO sees that net worth is consistently improving over time, that you are not one bad decision away from poverty, the fear should diminish. Expect this to take a long time."


"I'm smart enough to know that the answer to your questions is 'no'.  There is no arbitrage scenario where you can trade currencies and be guaranteed a return. If there were, the thousands of PhD's and quants at hedge funds like DEShaw and Bridgewater would have already figured it out. You're basically trying to come up with a scenario that is risk free yet yields you better than market interest rates.  Impossible. I'm not smart enough to know why, but my guess is that your statement ""I only need $2k margin"" is incorrect.  You only need $2k as capital, but you are 'borrowing' on margin the other 98k and you'll need to pay interest on that borrowed amount, every day.  You also run the risk of your investment turning sour and the trading firm requiring a higher margin."


This is easier than you think: 1) At the end of the year, AirBnb will send you a 1099 form. You will need to report the amount on this form as your rental income - they will report it to the IRS so it has to match. As a bonus, turning your condo into a rental property can become advantageous in that you can deduct repairs and improvements against any rental income. 2) As a host, you will have the option of charging a cleaning fee. Take a look at competitor listings to determine the average cleaning fee in your area. You do not have to clean before and after each guest, only before. 3) As a host, you also have the option of charging a security deposit to cover any damages. Don't get confused by AirBnb's host protection plan - this plan protects you against liability for damages incurred by your guests.  Now take a look at competitor listings to determine your rental price. (You may want to lower your price initially to get positive reviews going). Deduct your cleaning fee plus any reasonable wear and tear not covered by the security deposit above. This is your rental income.  If your rental income is a positive number - and as long as you charge a realistic cleaning fee/security deposit, it will be - you should rent it out. The worst that can happen is low occupancy i.e. you can't rent your place out as often as you expect. In which case you will be no worse off than you are today. Good luck!


All of the answers given so far are correct, but rather narrow. When you buy a 30-year-mortgage, you are buying the right to pay off the debt in as long as 30 years.  What you pay depends on the interest rate and how long you actually take to pay it off (and principal and points and so on). Just as you are buying that right, the mortgager is selling you that right, and they usually charge something for it, typically a higher rate.  After all, they, and not you, will be exposed to interest risk for 30 years. However, if some bank has an aneurism and is willing to give you a 30-year loan for the same price as or lower than any other bank is willing to go for a 15-year loan, hey, free flexibility.  Might as well take it.  If you want to pay the loan off in 15 year, or 10 or 20, you can go ahead and do so.


"If you and your parents both put up money to buy a house or anything else, what share each of you owns would be a subject for negotiation and agreement between you. To the best of my knowledge, there is no law that says ""if person X pays the down payment and person Y pays the monthly payments, than X owns 40% and Y owns 60%"" or any other specific numbers. Parents often give their children money to help with a down payment on a house or a car with the understanding that this is a gift and the child still owns 100% of the item. Other times they are unwilling or unable to just give the money and want some stake in exchange. In the case of a house or a car, there's a title that identifies the owner, and legally the owner is the person or people named on the title. I'd suggest that if you want to have split ownership, like if your parents are saying that they'll help with the down payment but they want to get that money back when you sell or some such, that you come up with a written agreement saying who owns what percentage and you both sign it. If there was a dispute -- if you never had an agreement about what share each owned and now you're selling the house and you're arguing over how much of the money each of you should get, or your parents want you to sell the house so they can get their money back but you don't want to sell, or whatever -- ultimately a court would decide. Presumably the judge would consider how much you had each paid in, but he might also consider who's been paying property taxes, how much work each has done to maintain the place, etc. It's better to have a written and signed agreement, something that everyone involved is satisfied with and where you all know exactly what you're agreeing to, rather than having a nasty surprise when a judge says no, you're not getting what you were assuming you were getting."


since it opened in the UK in 1998 the company has racked up over 3 billion pounds ($4.8 billion) in coffee sales  So wouldn't that mean they generated almost $1B in VAT for the government? Not to mention all the income tax their employees pay?


>The scariest part of this single program was that its millions of quotes accounted for 10 percent of the bandwidth that is allowed for trading on any given day, according to Nanex.  Am I jumping to conclusions? if this was done at a scale ten times larger wouldn't that stop everyone trading for that day? How do you locate who's doing it? Can we stop it or just hope they don't power trip? Wouldn't it be obvious who made money off it if they do decide to use it for that reason?   Lots of questions because I'm a noob.


There are many technical answers above , but the short story to me is that very few active fund managers consistently beat the market. Look at the results of actively managed funds. Depending on whose analysis you read, you will find out that somewhere between 80-90% of fund managers in a given year do not beat passive index funds. So go figure how you will do compared to a mutual fund manager who has way more experience than you likely have. So, that in itself is moderately interesting, but if you look at same-manager performance over several consecutive years it is rare to find anyone that goes beats the market for more than a few years in a row. There are exceptions, but go pick one of these guys/gals - good luck. Getting in and out of the market is a loser. This is because there is no way to see market spikes and down turns. There are many behavioral studies that have been done that show people do the wrong thing: they sell after losses have occurred and they buy after the market has gone up. Missing an up spike and not being in before the spike is as devastating as missing a down turn and not getting out in time. There is another down side, if you are trading in a personal account, rather than a tax deferred account, going in and out of stocks has tax complications. In short, a broad based equity index will, over time, beat about anything out there and it will do it in a tax efficient manner.  Exchange traded funds (ETFs) are a wonderful way to obtain diversification immediately at very low cost.


"hahaha oh this is great.  Rich people dont want to pay taxes because they dont want to 'pool our resources' but fuck those poor people, they can live with mom and dad til they're 30 and who the fuck cares?  I really hate people like you.  Your post is like watching Fox News.  Spin, bullshit, and more spin.  ""No no, it's a WIN WIN for you to live at home til you're 30!"""


I'm answering in a perspective of an End-User within the United Kingdom. Most stockbrokers won't provide Real-time information without 'Level 2' access, however this comes free for most who trade over a certain threshold. If you're like me, who trade within their ISA Holding each year, you need to look elsewhere.  I personally use IG.com. They've recently began a stockbroking service, whereas this comes with realtime information etc with a paid account without any 'threshold'. Additionally, you may want to look into CFDs/Spreadbets as these, won't include the heavy 'fees' and tax liabilities that trading with stocks may bring.


I just want to stress one point, which has been mentioned, but only in passing. The disadvantage of a credit card is that it makes it very easy to take on a credit. paying it off over time, which I know is the point of the card. Then you fell into the trap of the issuer of the card. They benefit if you pay off stuff over time; that's why taking up a credit seems to be so easy with a credit (sic) card. All the technical aspects aside, you are still in debt, and you never ever want to be so if you can avoid it. And, for any voluntary, non-essential, payment, you can avoid it. Buy furniture that you can pay off in full right now. If that means only buying a few pieces or used/junk stuff, then so be it. Save up money until you can buy more/better pieces.


Because you slice all the bad loans and intersperse them with the good ones.  Then you sell all that sliced and diced paper trash as AAA securities on an open market.  It's like free money.  Well... at least while the music is still playing.  Do you know anything about CDOs?  It's basically an out and out scam, and the banks got away with it and got bailed out to boot.


What is best for everyone is maximizing the effectiveness of the resources at hand.  We are most certainly not doing that, as there is just so much capacity sitting idle right now.  Demand is what we are lacking.  Stimulus creates demand.  Demand puts people to work, it builds companies, it brings ideas to fruition.  Effective limiters can be used to avoid consequences of an overheating economy when that time comes, but we are far away from that point.  Imposing these silly superstitions that somehow someday the U.S. is going to get to a point where we can't pay back our debt is making us lose focus on the fact that real people are suffering today, and that we can do something about it.  Without artificial constraints like congress putting a limit on the debt, **it is impossible for the U.S. government to default.**


"This is back breaking work.  Our crops are not going to get picked.  So here is my conflict.  We used to have this weird system that was much like slavery.  ""Illegal"" people (God, what a fucked up term) would come over the border and work for less money because actually living in their own country and actually having a life expectancy was totally fucking impossible.  So they would come here and do our hardest jobs until they could figure out how to become citizens and start their own businesses (because they had found out what hard work and dedication was) and grow our economy.  So now if they can't get in at all we are either going to have to  stop growing a shitload of food or we are going to have to start making more things a crime so we can arrest more people and put them into slave labor.  13th.  The title of Ava DuVernay's extraordinary and galvanizing documentary refers to the 13th Amendment to the Constitution, which reads ""Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States."" The progression from that second qualifying clause to the horrors of mass criminalization and the sprawling American prison industry is laid out by DuVernay with bracing lucidity. With a potent mixture of archival footage and testimony from a dazzling array of activists, politicians, historians, and formerly incarcerated women and men, DuVernay creates a work of grand historical synthesis.  Watch [13th](https://www.netflix.com/watch/80091741?trackId=13752289&tctx=0%2C0%2C1870540d3b211ad4e4609c81764d151ef14a23f0%3A0904e12b52de6ca627db4df50a14ce04ce2d354c) on Netflix to see where this all has led."


"No. Switzerland is one of the few countries the United States has ""totalizaton"" agreements with (not to confuse with tax treaties) to work around this kind of thing. You can find the list of the agreements here. You can use the years you work in Switzerland to make up for the remaining  credits you need to qualify for benefits in the U.S. When it's time to retire, you'll receive a partial U.S. benefit that is proportional to the number of credits you earned in the U.S. You can learn more about all this here. For other countries, for which the US doesn't have totalization agreements, in this scenario you would get no benefits back for the money. So yes, it would be lost."


Thomas Pardy removal company has successfully transported hundreds of companies from one office to another no matter how big or small the task may be. Into our fourth generation now and still going strong, it is no coincidence that Thomas Pardy is one of the most used removal companies in Bournemouth. All our staff are trained to deal with anything that you may throw at them and all the equipment we use is of the highest quality. Our professional eye will work out the number and type of boxes that are needed for your packing (many customers prefer a quote that illustrates our charges for packing as well as customers who prefer to pack their own china, glass etc.


Don't know about your area, but in DFW area, Time Warner encrypts all premium channels. So a QAM tuner can see the signal, but you won't get a picture. I'd need a QAM tuner with a CableCard slot, and there are only 2 tuner cards I know of with a CableCard slot.   I don't know of any TV that accepts a CableCard which can also output the signal on the HDMI, DVI, or component outputs where it could be captured by a computer. Doing so would violate the Cable Labs licensing agreement if the stream had any copy restrictions on it.


I would guess that this is due to the card issuer, not Paypal. Credit card transactions are tagged with a code describing the type of purchase, and some issuers disallow certain types (such as gambling).


"If you assign preference to one race over another, you are a racist plain and simple, there are no two ways about it.  I really couldn't care less what you or Marc Faber think about that (""so be it I am a racist"" yada), you are a bad person and you deserved to labelled with every such label that follows. For example, if someone would call you a piece of shit I would agree with that person.  Your points about ""culture"" making an impact are complete BS, so is saying that you want to ""encourage the efforts of people who made our country great over the actions of people who make our country not so great"" (where have I heard that one before? hint: he recently met with the President of the Virgin Islands...)   ""People"" and ""culture"" don't make a country great - consequences do. These consequences could come from a human foreigner's actions (look at the NHS in the UK), or maybe not even from humans, perhaps from the actions of mother nature (look at the Gulf Countries).  If you want humans to make their country great, teach them the actions that have the right consequences. The fact that you don't understand this concept makes you an idiot. The fact that you then attribute a country's greatness to race makes you a racist. Together, these facts makes you a racist idiot."


In March [The Economist](http://www.economist.com/news/briefing/21721634-how-it-shaping-up-data-giving-rise-new-economy) did a feature on data and had an interesting take on antitrust rules.   As with other laws, including tax, the statute is woefully behind the market. I think the implications of big data require the concept monopolies to be rethought. As companies can gather data across the multitude of platforms you're ok with, they are able to better understand consumers. The threat is if everyone uses google maps or waze (owned by google), Google could create a monopoly on traffic/driving/human habits data.  An analog to this is thinking about insurance. Large insurance companies can rely on huge amounts of data to model out their risk/reward on policies. This will allow them to make better decisions and price themselves better in the market than smaller competitors without this data. Some governments require large insurance companies to share data with smaller ones as a form of antitrust rules.  I agree that sheer size isn't an issue. However, I think more thought has to be put on the monopoly of data.


> gave store coupons as part of salaries.  To be honest I don’t see an issue with this.  If Walmart is paying this on top of the employee’s wages then it’s basically just a benefit similar to employee stock options.


Then let’s try a stupider argument to get my point across:  Someone points a gun at you and demands money.  Where I oils you draw the financial line?  What amount of money wouldn’t you pay to save your life?


"I want to recommend an exercise: Find all the people nearby who you can talk to in less than 24 hours about credit cards: Your family, whoever lives with you, and friends. Now, ask each of them ""what's the worst situation you've gotten yourself into with a credit card?"" Personally, the ratio of people who I asked who had credit cards to the ratio of people with horror stories about how credit cards screwed up their credit was nearly 1:1.  Pretty much, only one of them had managed to avoid the trap that credit cards created (that sole exception had worked for the government at a high paying job and was now retired with adult children and a lucrative pension).  Because it's trivially easy over-extend yourself, as a result of how credit cards work (if you had the cash at any second, you would have no need for the credit). But do your own straw poll, and then see what the experience of people around you has been.  And if there's a lot more bad than good out there, then ask yourself ""am I somehow more fiscally responsible than all of these people?""."


5 dollars a month?  Where is that?  Comcast charges 20 a month per HD dvr box.  For a 10 year old barely functioning box.    The failure of tru2way has been a problem because of on demand.  TiVo has been unable to convince users the lack of cable's on demand service is no big deal.


I like your example.  My only issue with it is that it's very anthropocentric.  Even at a very basic level, we should be teaching that economy is a subset of ecology, not just about human interactions.  I think the great economic problem of our age is not how to spur growth, but how to appropriately factor in costs of natural resources and affects to the world ecology.


"Generally if you need to tap into your retirement for the house - you probably shouldn't buy the house. But that's your call. There are several things you could do. Sue your CPA ""friend"" for malpractice. Especially if there's any actual proof of that stupid suggestion. Check with your 401k administrator about home-purchase loan from the 401k. You'll be borrowing your own money, and repaying yourself back with interest, but it will be tax free and with no penalties. Keep in mind: if you cannot repay the loan, or you leave your employer without repaying it in full - the remaining balance will be considered withdrawal and you'll pay income taxes + 10% penalty on it. If you have an IRA, you can withdraw up to 10K without penalty if this is your first house (i.e.: you didn't own a house in the last 3 years), and is going to be your primary residence. You'll still pay taxes on the 10K. But, this is not available for 401k plans. You can request equal payments distribution calculated based on your life expectancy (This is the infamous 72(t)(2) distribution, even though many of the exceptions are in the IRC 72(t)(2). This in particular is 72(t)(2)(A)(iv)). Here's the full list of exceptions. Note that even if you're willing to pay the 10% penalty, many 401k plans do not allow distributions as long as you're still employed with the sponsoring employer. If you take a hardship distribution from your 401k (if it even allows it), you'll be prohibited from contributing for 6 months, and your employer will be prohibited from contributing on your behalf as well. I.e.: not only you take out your savings, you'll be barred from saving back. Also, in the same FAQ, it tells you that the hardship distribution can only include the amounts up to the original contributions (less whatever distributions already made), and not earnings or match. I.e.: it may actually be much less than the 40K you're counting on."


"It does depend, but in the effort to be efficient we usually just add back Depreciation, Amortization, and Stock Based Comp.  [Although adding back SBC is hotly debated](https://www.wallstreetprep.com/blog/stock-based-compensation-treatment-dcf-almost-always-wrong/), we usually still add it back at my firm.  Keep in mind I'm in M&A, so we don't really concern ourselves with creating the ""purest"" valuation...  * EBIAT * Add Depreciation * Add Amort * Add SBC * Subtract Capex * Add the decrease in NWC * Subtract the increase in NWC * = FCFF"


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Along those lines, Applebee's has to take into account competing with just staying home and making this food yourself. Their menu doesn't exactly require a Michelin-star chef to make it...  A person could reasonable buy steak and cook it for probably the same amount of cost as Applebee's (factoring in additional time and effort).


"Considering the fact that you are so unaware of how to find such data, I find it very very hard to believe that you actually need it. ""All trade and finance data for as much tickers and markets as possible."" Wtf does that even mean. You could be referencing thousands of different types of data for any given ""ticker"" with a statement so vague. What are you looking for?"


If you are a temp-to-hire, or you are asked to setup a company then you are not an employee. They expect you to fund everything from your hourly rate. This includes pay, insurance, taxes, social security, sick, vacation, holidays... The rule of thumb for an established company is 1.75 to 2.25 times the salary rate is the rate they need to charge a customer. For example: employee get paid checks for $25/hour x 80 hours x 26 times a year.: 2080 hours or $52,000 per year. Company can only bill customers for 1800 to 1900 hours of labor. They need to bill at 2 times the salary rate or $50 per hour. They will collect $90,000 (1800*50). The numbers have to be run by the particular company based on their actual costs for benefits, overhead and profits.  If they were giving you $25 an hour as a contractor. They expect you to be making $12.50 an hour as an employee.


"1. MDA is constantly testing it's missile defense system to prepare for different threats/scenarios.  No reason to think they cannot adjust.  2. There have been numerous successful tests of the missile defense system. ""We could hit or we could miss"" is about as non-committal a commentary as you can get and that duality is true of almost anything in life."


"There's many concrete answers, but there's something circular about your question. The only thing I can think of is that phone service providers ask for credit report when you want to start a new account but I am sure that could be worked around if you just put down a cash deposit in some cases. So now the situation is flipped - you are relying on your phone company's credit!  Who is to say they don't just walk away from their end of the deal now that you have paid in full?   The amount of credit in this situation is conserved. You just have to eat the risk and rely on their credit, because you have no credit. It doesn't matter how much money you have - $10 or $10000 can be extorted out of you equally well if you must always pay for future goods up front. You also can't use that money month-by-month now, even in low-risk investments. Although, they will do exactly that and keep the interest. And I challenge your assumption that you will never default. You are not a seraphic being. You live on planet earth. Ever had to pay $125,000 for a chemo treatment because you got a rare form of cancer? Well, you won't be able to default on your phone plan and pay for your drug (or food, if you bankrupt yourself on the drug) because your money is already gone. I know you asked a simpler question but I can't write a good answer without pointing out that ""no default"" is a bad model, it's like doing math without a zero element. By the way, this is realistic. It applies to renting in, say, New York City. It's better to be a tenant with credit who can withhold rent in issue of neglected maintenance or gross unfair treatment, than a tenant who has already paid full rent and has left the landlord with little market incentive to do their part."


Bitcoin exhibits the network effect so you would have to expect that it's price will mimic an S-curve. Of course for equity and debt investors it looks like a bubble within their asset classes.   The only way you could say if bitcoin is becoming frothy is if you had a very large pool of people answering surveys with why they are buying bitcoin and how much they own and plan to invest.


Depends. If Levandowski(the engineer who essentially went from Waymo to Uber) signed a non-compete and non-disclosure agreement before leaving, Google could sue Uber in tort for interfering with the contract. Don't know the specifics of the story, but it really comes down to whether or not he signed those two forms.


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It's complicated. Really, there's no solid answer for your question. Everybody's risk tolerance and time horizon is going to be different. Those who can take on more risk can take on lower-grade C-G loans at Lending Club. Those with less risk tolerance should emphasize As and Bs.


"If the time horizon is not indicated, this is just a ""fair price"". The price of the stock, which corresponds with the fair value of the whole company. The value, which the whole business is worth, taking into consideration its net income, current bonds yield, level of risk of the business, perspective of the business etc.. The analyst thinks the price will sooner or later hit the target level (if the price is high, investors will exit stocks, if the price is cheap, investors will jump in), but no one knows, how much time will it take."


Could somebody explain to me exactly why the writer doesn't think this is a win for passive investing? Aren't 'this could happen' statements only relevant to active managers so if you already believe that active investing is more successful than passive then of course you'll just fit this situation to 'there is still potential for major loss, the S&P has tanked x many times' because you believe that there are predictable patterns in markets while the passive investor says that isn't true.


Support and resistance only works as a self-fulfilling prophecy. If everyone trading that stock agrees there's a resistance at so-and-so level, and it is on such-and-such scale, then they will trade accordingly and there will really be a support or resistance. So while you can identify them at any time scale (although as a rule the time scale on which you observed them should be similar to the time scale on which you intend to use them), it's no matter unless that's what all the other traders are thinking as well. Especially if there are multiple possible S/P levels for different time scales, there will be no consensus, and the whole system will break down as one cohort ruins the other group's S/P by not playing along and vice versa. But often fundamentals are expected to dominate in the long run, so if you are thinking of trades longer than a year, support and resistance will likely become meaningless regardless. It's not like that many people can hold the same idea for that long anyhow.


"As long as you didn't ""forget"" to report any income with regards to these accounts, you should be fine doing that. See more information and specific instructions on this IRS site."


You say you are underwater by $10k-15k.  Does that include the 6% comission that selling will cost you?  If you are underwater and have to sell anyway, why would you want to give the bank any extra money?  A loss will be taken on the sale.  Personally i would want the bank to take as much of that loss as possible, rather than myself.  Depending on the locale the mortgage may or may not be non-recourse, ie the loan contract implies that the bank can take the house from you if you default, but if 'non-recourse' the bank has no legal way to demand more money from you. Getting the bank to cooperate on a short sale might be massively painful.  If you have $ in your savings, you might have more leverage to nego with the bank on how much money you have to give them in the event the loan is not 'non-recourse'.  Note that even if not 'non-recourse', it's not clear it would be worth the banks time and money to pursue any shortfall after a sale or if you just walk away and mail the keys to the bank. If you're not worried about your credit, the most financially beneficial action for you might be to simply stop paying the mortgage at all and bank the whole payments.  It will take the bank some time to get you out of the house and you can live cost-free during that time. You may feel a moral obligation to the bank.  I would not feel this way.  The banks and bankers took a ton of money out of selling mortgages to buyers and then selling securities based on the mortgages to investors.  They looted the whole system and pushed prices up greatly in the process, which burned most home buyers and home owners.  It's all about business -my advice is to act like a business does and minimize your costs.  The bank should have required a big enough downpayment to cover their risk.  If they did not, then they are to blame for any loss they incur.  This is the most basic rule of finance.


I have been torn on college in it's entirety for the last couple of years. When you consider how many successful business men and women, who never finished college, the stories of experience beating out education in hiring, and the amount of debt stress you carry for basically your entire life...  I am just not sure people should even bother at this point.   My girlfriend right now has sooo much debt it weighs on her constantly. I had never seen the weight of that debt on someone so personally until recently.