"I did a little research and found this article from 2006 by a Villanova law professor, titled ""No Thanks, Uncle Sam, You Can Keep Your Tax Break"".  The final paragraph of the article says: Under these circumstances, it is reasonable to conclude that a taxpayer is not required to claim a allowable deduction unless a statutory provision so requires, or a binding judicial precedent so specifies. It would be unwise, of course, to forego a deduction that the IRS considers mandatory such as those claimed by self-employed individuals with respect to their self-employment,    whether for purposes of the self-employment tax or the earned income tax credit. Until the statute is changed or some other binding authority is issued, there is no reason taxpayers who wish to forego deductions, such as the dependency exemption deduction, should hesitate in doing so. (The self-employment tax issues in the quote cited by CQM are explicitly discussed in the article as one of a few special kinds of deduction which are mandatory.) This is not a binding statement: it's not law or even official IRS policy.  You could never use it as a defense in the event that this professor turned out to be wrong and the IRS decided to go after you anyway.  However, it is a clear statement from a credible, qualified source."


"Actually I'm guessing it has something to do with the sentence directly after that: ""The National Transportation Safety Board warned in an Oct. 31 study that curbside operators are seven times more likely to be involved in a fatal wreck than intercity lines with more conventional business models."""


The Explanation is correct. The Traders buys the 1st call and profits linearly form 40$ onwards. At at 45 the short call kick in and neutralizes any further profit on the first call.


I would argue: Because the company only offers you this if it can make money from it. What you are basically doing is betting against the company.


It looks like what you're calling a name change was registered as a merger that resulted in an exchange of stock.  If that's the case, then what you've been told is correct.  You've got one long-term sale and one short-term sale. Based a quick read of the Form 8937 that was filed, it looks like there were multiple entities involved in this event, more than one of which existed prior to it. https://www.mylan.com/-/media/mylancom/files/form%208937%20for%20mylan%20n%20v.pdf


I'm curious about your mention of the short tenure of Amazon engineers. As an undergrad who's never worked in a large tech company before, may I ask if this is usual for the big 4 or a uniquely Amazon thing?


But my dad said its our own fault. We didn't vote over the past 40 years as wages stagnated and politicians were systematically pillaging the future. I was learning vowels when I should have been working to debunk trickle down economics. Just another lazy millennial I guess.


> Am I over simplifying things?  Yes.  Insurance, property taxes, water/sewer taxes, legal fees, upkeep/maintenance, and mortgage insurance premiums should be included in your expense model.  This is in addition to principal repayment at your loan's interest rate.    > or could somebody with more experience clue me in to why this is a bad investment?  The answer depends on your financial ability to pay and the area in which you are seeking to buy.  A lot of factors, actually.


It used to be Nigerian royalty, now it's Ghanaian porn stars.  Great.  This is a bog-standard 419 scam.  It's probably the most lucrative single swindle in the world.  It's always hard to get people to believe they have been tricked, but don't let your dad participate.


Is this a joke?  Equity research and investment banking jobs have historically been handed out to top Ivy grads who know nothing about finance and learn it on the job.  It's changing now because of the competiveness but that statement is just ridiculous.


I once bought both preferred and common shares in a bankrupt company.  It is true that those preferred shares had less potential for appreciation than the common shares.  The reason is because the preferred shares were trading around $50 and had a face value of $1000.  This means that if the bankruptcy proceedings ended up finding enough assets to make the preferred shares whole, then the preferred shareholders would be paid $1000 per share and no more than that.  So if you bought the preferred shares at $50 and received $1000 per share for them, then you made a 1900% gain. But if the bankruptcy proceedings found enough assets to pay not just the preferred shareholders but also the common shareholders, then the common shareholders had the potential for a greater gain than the preferred shareholders.  The common stock was trading around 20 cents at the time, and if enough assets were found to pay $10 per share to the common shareholders, then that would have been a 4900% gain.  The preferred shares were capped by their face value, but the common shares had no limit on how high they could go.


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It is a very complex question to answer and it really depends. However, here are some points to consider and verify with your accountant or tax expert.  First, if you exercise now, the downside is that you may be subject to Alternative Minimum Tax (AMT) based on the theoretical gain on the stock (current price minus your strike price) when you file your tax return.  The other obvious downside is that if the company goes nowhere, you are stuck with the stock and potentially lose money.  The benefit is that the clock starts ticking for long-term capital gains so if you sell after 1 year from the exercise date (or your company gets sold) then the gain would be taxed as long-term capital gain which is taxed at a lower rate. If your company were to get sold, the gains are not necessarily taxed as ordinary income.  If it is a cash transaction then most likely (unless you have exercised and held the stock for over a year).  However, if it is a stock sale, then you may end up getting stock of the company that acquires your company.  In that situation, the tax event would be when you sell the new shares vs. the time of company sale. Finally, whether to exercise or not also depends on how you feel about the prospects of the company.  If you think they will be sold or of more value down the road then exercising makes sense.  If you are not sure then you could hedge your bets by only exercising a portion of it. You should definitely consult with a financial advisor or a tax consultant regarding these matters.


I can accept that as true, which I find rather disturbing. Is there some way to wrestle control away from that small group of rich individuals so they don't have such a stranglehold on the economy, laws, and culture of our people?


>  Google would be forced to actually compete with companies vs. Giving everything away free. That creates employment opportunities for other startups to compete in a fair environment vs. Trying to acquire millions of users on no revenue.  TL;DR Don't blame business, blame the politics that let bad business happen.  Business doesn't work like that, specially for a publicly traded company. 'Free' goods or services are used as a loss leader to drive their profits in other sectors of the company. Whether it's for PR, marketing, or sales, no company drives their business at a loss. Somewhere, somehow the free things they do are driving their business towards higher profitability. Money isn't being lost on the economy by providing these things as free, it's just being used in different ways. Sure it could be used to pay for the wages of an employee at a startup which provides the same service... but if Google is providing it at or below the most efficient market price then it would be *wasting* money to have less efficient companies providing essentially the same product or service. That money could instead be used in more profitable sectors of the economy, which could in turn generate a healthier and/or faster growing economy overall. Working smarter, not harder.  Secondly, startups aren't designed for profitability in the first few years of their operations. They're designed to capture users  and information (or as patent holders but that's largely unrelated to my main point) that can later be acquired by larger companies who are looking to target those users. Why else would any company pay for a startup while they're operating at a loss? The revenue for startups comes much later on as they're bought out by bigger companies or they find a way to monetize their user base/generate stable sources of revenue.   If your argument is that employment by start ups drives the economy at large, I have to ask, if the economy is operating less efficiently (by supporting start ups in replacing the market share currently held by much more efficiently operating large companies ~) by employing more people, how is this healthier for the economy as a whole?   Supporting start ups is good but it has to be done in such a way that it doesn't hurt existing business just for the sake of making jobs. The size of a company doesn't make them bad as long as they compete fairly with everyone else in the market.  ~ caveat being where large companies do not form an oligopoly (ie Comcast, TWC, etc...) which is obviously inefficient to begin with which is largely a product of bad politics rather than market forces


I agree with that if you say it is both a variable amount to reward/punish service quality *and* a base form of compensation.  That is why I rarely go below 10% (once at a dennys where my waiter went on a smoke break for our whole meal and I had to rummage for silverware and water refills myself...i think the cook even brought out our food that day)


"Short answer: If you bought the car -- as opposed to leasing it -- there is no one to ""turn it in"" to.  The reality of cars and car loans is this: The value of a car tends to fall rapidly the first couple of years, then more slowly after that. Like it might lose $2000 the first year, $1000 the second, $500 the third, etc. What you owe on a loan falls slowly at first, because a lot of your payment is going to interest, but then as time goes on you pay off the loan faster and faster. So you may pay off $1000 the first year, $1100 the second, etc. (I'm just making up numbers, depends on the value of the car, and the term and interest rate of the loan, but that's the general idea.) Combining these two things means that in the first few years after you buy a car, if you had a small or no down payment, you might well owe more on the car than it is worth. That's just how the numbers work out. If you keep the car long enough, eventually you hit a point where it is worth more than you owe. Keep it until you've paid off the loan and you owe $0 but the car is still worth SOMETHING, exactly how much depending on its condition and other factors. If you just use the car and pay off the loan, i.e. if you don't sell the car or refinance the loan or some such, then this doesn't matter very much. You make your loan payments, and you have use of the car. What difference does the book value of the car at any given moment matter to you? If the idea of owing more than the car is worth bothers you in principle, then in the future you could make a larger down payment. Or make extra payments on the loan the first couple of years to knock the principle down faster. That's about the only things you can do. Well, you could buy with cash so you owe zero and the car is always worth more than you owe. But given that you are where you are: If you just keep the car and keep driving it and keep paying the loan, then you are exactly where you thought you would be when you bought the car, right? I mean, the day you bought the car, you presumably weren't thinking that at some future date you could refinance at a lower rate. How would you know? So I think the easy answer is: Don't sweat it. Just enjoy the car and pay your bills."


Why not just deposit to a Traditional IRA, and convert it to Roth?  If you have pretax IRA money, you need to pay prorated tax (on what wasn't yet taxed) but that's it. It rarely makes sense to ask for a lower wage.  Does your company offer a 401(k) account?  To clarify, the existing Traditional IRA balance is the problem. The issue arises when you have a new deposit that otherwise isn't deductible and try to convert it. Absent that existing IRA, the immediate conversion is tax free. Now, with that IRA in place the conversion prorates some of that pretax money, and you are subject to a tax bill.


"Under the assumption you're not looking for a particular credit union/bank (since that'll make this question off topic), you can apply for a secure credit card. That's where you essentially put up a sum of money as collateral. That would be the safe way for someone with ""little or no credit history"" and wants to build credit. Any big bank (Wells Fargo, Chase, etc.) should be able to do that for you. You can also do that online provided you have the means to transfer money into the account."


There is always some fine print, read it. I doubt there is any product out there that can guarantee an 8% return.  As a counter example - a 70 yr old can get 6% in a fixed immediate annuity. On death, the original premium is retained by the insurance company.  Whenever I read the prospectus of a VA, I find the actual math betrays a salesman who misrepresented the product. I'd be really curious to read the details for this one.


I remember watching a video of a guy showing how much cyanide it actually took to kill a person, and I felt incredibly let down. All these movies making me think a grain of sand size dose is instant death, and in reality that would probably not even make you feel any different.  Also it's not even close to an instant death.


> they can be taxed at the long term capital gains rate, whereas dividends are subject to a higher tax rate.  That's not true, is it? I'm fairly sure they're taxed at the same rate now. Buybacks are still better for shareholders, though, because those who don't want to sell have the option of just holding the stock. With dividends, everyone gets a dividend and the associated tax hit, whether they want it or not.  Edit: Oh, right. Ordinary dividends are taxed as ordinary income; qualified dividends are not. But aren't qualified dividends the modal type?


Thanks for the reply! I am considering all lines of work as the priority is the location, then the job. But if the work I can get is relevant and expands my network, that carries a lot of value.  The plan is to stay where I am for the next 2-3 years to gain the required work experience to become a charterholder and developing my skills/project portfolio to become a better candidate. I would still be young enough to move to Australia/UK on a working vacation/youth mobility and I want to be set up to have a good chance by then.


A couple ideas: Use excel - it has an IRR (internal rate of return) that can handle a table of inputs as you describe, along with dates deposited to give you a precise number.  Go simple - track total deposits over the year, assume half of that was present in January. So, for example, your account started the year with $10k, ended with $15k, but you deposited $4k over the year. It should be clear the return (gain) is $1k, right? But it's not 10%, as you added during the year. I'd divide $1k/$12k for an 8.3% return. Not knowing how your deposits were structured, the true number lies between the 10% and 6.7% as extremes. You'll find as you get older and have a higher balance, this fast method gaining accuracy, as your deposits are a tinier fraction of your account and likely spread out pretty smoothly over the year anyway.


Inflation is what happens, it is not good or bad in and of itself.  But consider the following. In a thriving economy with low unemployment, people are buying, buying, buying.  People are not saving for later, they are buying now.  Industry is also making purchases.  Now.  From economics 101: high demand for goods/services leads to relative scarcity leading to higher prices.  Inflation tends to be one byproduct of a thriving economy.  Governments want the thriving economy that brings inflation with it.


I mean you were proven wrong ages ago. Your MBA is definitively shit and you already attacked me personally including some weird reference to NAMBLA? So, really, you're about as intelligent and capable as anyone would expect someone with your education to be.


Financial analysis is as much art as science, you need context to give advice on what to show.    If they hired you they believe in you and want you to succeed.  My advice is to take a lot of notes and ask a few questions but not too many, then think about situation and go back to ask a few more thoughtful questions.  Always ask if there's something been done before that may be helpful, as well as who might have done something similar recently.   Sorry if sounds condescending, not remotely intended to be, I've trained a lot of new peeps over the years.    Helpful if you can find someone who has been there a bit longer than You, but that you don't work for.  They tend to like to help bc they just went through what you're going through and know how best to informally help.  Also network with peers from school that have started similar jobs... good to have a few people to call to discuss/learn with.  Good luck.


"1) Indeed, if referring to a Roth as the question is, you are right on. But - You can deposit to an Traditional IRA (TIRA). You just can't deduct it. You are then permitted to convert that to a Roth any time. Now, this would appear to negate income issues, right? Not so fast. When you convert, all TIRA accounts must be considered. In other words, when it comes to the TIRA, you only have One TIRA, the ""A"" actually standing for Arrangement, not account. That TIRA may then be spread over as many accounts as you have time to set up. So, if there is any pretax money and/or untaxed gain, it will be prorated and taxed based on your conversion amount. If any of this is not 110% clear, please comment and I will update the answer.  No 401(k) at work?  Note: I edited as my original wording misunderstood the response, and in turn, appeared a bit unkind. Not my intention."


The bank won't let you because: Differences in required account features — Business accounts have different features (many of them legal features) that are required by businesses. For instances: Do you want to be able to deposit cheques that are written out to your business name? You need a business account for that. Your business could be sold. Then it wouldn't be your business, so it wouldn't make sense to put the business account under your personal name. The bank account and the cash it holds is a business asset and should be owned by the business, so when the business is sold the account goes with it. This is especially the case for a corporation that has shareholders, and not a sole proprietorship. For a business, you could also, in theory, assign other people as signing authorities on the business account (e.g. your corporate treasurer), and the individuals performing that role could change over time. Business accounts allow for this kind of use. Market segmentation — The bank has consciously undertaken to segment their product offerings in order to maximize their profit. Market segmentation helps the bottom line. Even if there were zero legal reasons to have separate personal vs. business accounts, banks would still make it their policy to sell different account types according to use because they can make more money that way. Consider an example in another industry: The plain-old telephone company also practices segmentation w.r.t. personal/business. Do you want a telephone line for a business and listed as such in the phone book? You need a business line. Do you want a phone line hooked up at a non-residential address? You need a business line. Here it's clear it is less of a legal issue than with the bank account, and it doesn't matter that the technical features of the phone line may be identical for the basic product offerings within each segment. The phone company has chosen to segment and price their product offerings this way. Q. Why do companies choose to charge some kinds of customers more than others for essentially the same underlying service? A. Because they can.


I've noticed that most of the problems seem to occur when they assume I am a new user (the random ones you get for hitting help help) and asking a way more basic question than what I was actually asking.


Option 4: Go talk with someone in person at an office of the Insurance company. They have helped me several times with things like this. They can get everyone involved on a conference call and make something happen. But you have to go in. Calling is a good way to waste time and get nowhere, they will throw the issue back and forth. Find an office and go. This is the most effective solution.


"Legally ok? Sure. Friends frequently discuss financial matters, and share advice. This is quite far from taking money from them and managing it, where at some point you need to be licensed for such things. If you're concerned about giving bad advice, just stay generic. The best advice has no risk. If I offer a friend a stock tip, of course there's the chance the stock goes south, but when I tell a friend who asks about the difference between Mutual Funds and ETFs, and we discuss the expenses each might have, I'm still leaving the decision as to which ETF to him. When I offer the 'fortune cookie' soundbites like ""If you are going to make a large purchase, delay it a week for each $100 of value. e.g. if you really want a $1000 TV, sleep on it for a few months"" no one can mis-apply this.  I like those two sites you mentioned, but the one-on-one is good for the friend and for you. You can always learn more, and teaching helps you hone your skills."


Where are you getting $12-$16 for a burger at Applebees or TGIFridays?  Applebees has their prices on their website and it looks like their most expensive burger is $10.99. It seems TGIF may not post their prices online, but another website (restaurantmealprices.com) has prices listed ranging from $9.00-$12.50.   Not saying either are culinary leaders by any stretch, but unless those numbers are wrong, a $11/$13 burger at Applebees/TGIF does not exist


No, the real problem is government-induced tuition inflation. Prior to the formation of the federal Department of Education, and the Sallie Mae student loan clearing house around the late 1970s / 1980 ... inflation adjusted tuition had been flat for many decades. There's an overwhelmingly obvious inflection point right when those 2 organizations started operating, and inflation adjusted tuition has been sky rocketing ever since.      Tuition inflation is directly caused by the federal government, the data is abundantly clear. And the only way to stop it is to get the federal government out of the education loan business. Make student debt no different from any other form of unsecured debt. Not government guaranteed, dischargeable in bankruptcy, etc.      And then take all that money that the federal government would have been wasting on inflating tuition prices, and plow it into building new land grant universities. Like we've done for 100 years already. You know, the same system that gave us the amazing universities we have today? That will shift the supply curve, driving tuition prices even lower.      And then you can get back to having a social worker go get a 4 year degree, learning the latest and greatest research in social work, becoming the best damn social worker in comparable OECD nations, because it only cost them $5k for their entire 4 year degree.


$3,500 isn't usually enough to make a difference when calculating credit for a car loan. The other factors that you didn't mention are the important factors. How much money do you make? What is your credit score? Do you have balances on credit cards? The only way you can know is to look at your credit score and/or apply. I would generally recommend you buy a 3-4 year old car rather than a new car. With the lower purchase price you can pay it off quickly.


The most economical way is to save your money, and buy a 1+ year old used car with cash.


I think the dividend fund may not be what youre looking for. You mentioned you want growth, not income. But I think of dividend stocks as income stocks, not growth. They pay a dividend because these are established companies that do not need to invest so much in capex anymore, so they return it to shareholders. In other words, they are past their growth phase. These are what you want to hold when you have a large nest egg, you are ready to retire, and just want to make a couple percent a year without having to worry as much about market fluctuations. The Russel ETF you mentioned and other small caps are I think what you are after. I recently made a post here about the difference between index funds and active funds. The difference is very small. That is, in any given year, many active ETFs will beat them, many wont. It depends entirely on the market conditions at the time. Under certain conditions the small caps will outperform the S&P, definitely. However, under other conditioned, such as global growth slowdown, they are typically the first to fall. Based on your comments, like how you mentioned you dont want to sell, I think index funds should make up a decent size portion of your portfolio. They are the safest bet, long term, for someone who just wants to buy and hold. Thats not to say they need be all. Do a mixture. Diversification is good. As time goes on dont be afraid to add bond ETFs either. This will protect you during downturns as bond prices typically rise under slow growth conditions (and sometimes even under normal conditions, like last year when TLT beat the S&P...)


"The short answer is - ""Your employer should typically deduct enough every paycheck so you don't owe anything on April 15th, and no more."" The long answer is ""Your employer may make an error in how much to deduct, particularly if you have more than 1 job, or have any special deductions/income. Calculate your estimated total taxes for the year by estimating all your income and deductions on a paper copy of a tax return [I say paper copy so that you become familiar with what the income and deductions actually are, whereas plugging into an online spreadsheet makes you blind to what's actually going on]. Compare that with what your employer deducts every paycheck, * the number of paychecks in the year. This tells you how much extra you will pay / be refunded on April 15th, as accurately as you can estimate your income and deductions."""


If you do not understand the volatility of the fx market, you need to stop trading it, immediately. There are many reasons that fx is riskier than other types of investing, and you bear those risks whether you understand them or not. Below are a number of reasons why fx trading has high levels of risk: 1) FX trades on the relative exchange rate between currencies. That means it is a zero-sum game. Over time, the global fx market cannot 'grow'. If the US economy doubles in size, and the European economy doubles in size, then the exchange rate between the USD and the EUR will be the same as it is today (in an extreme example, all else being equal, yes I know that value of currency /= value of total economy, but the general point stands).  Compare that with the stock market - if the US economy doubles in size, then effectively the value of your stock investments will double in size. That means that stocks, bonds, etc. tied to real world economies generally increase when the global economy increases - it is a positive sum game, where many players can be winners. On the long term, on average, most people earn value, without needing to get into 'timing' of trades. This allows many people to consider long-term equity investing to be lower risk than 'day-trading'. With FX, because the value of a currency is in its relative position compared with another currency, 1 player is a winner, 1 player is a loser. By this token, most fx trading is necessarily short-term 'day-trading', which by itself carries inherent risk. 2) Fx markets are insanely efficient (I will lightly state that this is my opinion, but one that I am not alone in holding firmly). This means that public information about a currency [ie: economic news, political news, etc.] is nearly immediately acted upon by many, many people, so that the revised fx price of that currency will quickly adjust. The more efficient a market is, the harder it is to 'time a trade'. As an example, if you see on a news feed that the head of a central bank authority made an announcement about interest rates in that country [a common driver of fx prices], you have only moments to make a trade before the large institutional investors already factor it into their bid/ask prices. Keep in mind that the large fx players are dealing with millions and billions of dollars; markets can move very quickly because of this. Note that some currencies trade more frequently than others. The main currency 'pairs' are typically between USD and / or other G10 country-currencies [JPY, EUR, etc.]. As you get into currencies of smaller countries, trading of those currencies happens less frequently. This means that there may be some additional time before public information is 'priced in' to the market value of that currency, making that currency 'less efficient'. On the flip side, if something is infrequently traded, pricing can be more volatile, as a few relatively smaller trades can have a big impact on the market.  3) Uncertainty of political news. If you make an fx trade based on what you believe will happen after an expected political event, you are taking risk that the event actually happens. Politics and world events can be very hard to predict, and there is a high element of chance involved [see recent 'expected' election results across the world for evidence of this]. For something like the stock market, a particular industry may get hit every once in a while with unexpected news, but the fx market is inherently tied to politics in a way that may impact exchange rates multiple times a day. 4) Leveraging. It is very common for fx traders to borrow money to invest in fx. This creates additional risk because it amplifies the impact of your (positive or negative) returns. This applies to other investments as well, but I mention it because high degrees of debt leveraging is extremely common in FX. To answer your direct question: There are no single individual traders who spike fx prices - that is the impact you see of a very efficient market, with large value traders, reacting to frequent, surprising news.  I reiterate: If you do not understand the risks associated with fx trade, I recommend that you stop this activity immediately, at least until you understand it better [and I would recommend personally that any amateur investor never get involved in fx at all, regardless of how informed you believe you are].


Here is a list of threads in other subreddits about the same content:   * [How the US will trigger the bursting of the bubble economy](https://www.reddit.com/r/economicCollapse/comments/78riez/how_the_us_will_trigger_the_bursting_of_the/) on /r/economicCollapse with 2 karma (created at 2017-10-26 07:04:54 by /u/jinjinnjinny)  * [How the US will trigger the bursting of the bubble economy](https://www.reddit.com/r/Economics/comments/78r0pe/how_the_us_will_trigger_the_bursting_of_the/) on /r/Economics with 3 karma (created at 2017-10-26 05:45:36 by /u/lughnasadh)  ----   ^^I ^^am ^^a ^^bot  ^^[FAQ](https://www.reddit.com/r/DuplicatesBot/wiki/index)-[Code](https://github.com/PokestarFan/DuplicateBot)-[Bugs](https://www.reddit.com/r/DuplicatesBot/comments/6ypgmx/bugs_and_problems/)-[Suggestions](https://www.reddit.com/r/DuplicatesBot/comments/6ypg85/suggestion_for_duplicatesbot/)-[Block](https://www.reddit.com/r/DuplicatesBot/wiki/index#wiki_block_bot_from_tagging_on_your_posts)  ^^Now ^^you ^^can ^^remove ^^the ^^comment ^^by ^^replying ^^delete!


So what you’re saying is that the undergrad level text (fundamentals of blablabla) is good enough to get a decent understanding of the concepts?  I’m a bit confused of the two bcs for e.g. take Hull, the grad level book is more widely recommended. I’ll graduate very soon, enter the workforce, and plan to go to a grad school several years down the line. Now, being in a sort of break point, I’m not sure which one I should go for. I do have an exposure to read some finance texts, but not a lot—introductory chapters here & there—and would prefer texts that are not super dry.  What do you think?


https://moneycenter.yodlee.com/ You can link your bank accounts, credit cards, trading accounts etc at Yodlee. These will be updated automatically if you share your username and password from your existing financial institutions. You also have the option of creating manual accounts. You will have to manually add/update transactions.


Every single desire to meet with their true partner to share his secret of life and the partner must be a beautiful lady. Basically all the adults, who always want to fulfill their dreams of imaginary life and these dreams, are related to sexy girls. We know that sex is the most important part of our daily lives and if you meet to an attractive lady then your soul and mind get satisfied.


H1B visas are a necessity if we wanna keep the US competitive. There's already a [physician shortage](https://news.aamc.org/press-releases/article/workforce_projections_03142017/) and if we want to keep the tech market in the States we should be encouraging workers to come here. Stopping the flow of high-skilled (desirable) workers means they'll be working somewhere else if not here meaning the next Uber, FB, or Reddit may not be in the US.


You cannot do a 1031 exchange with stocks, bonds, mutual funds, or ETFs.  There really isn't much difference between an ETF and its equivalent index mutual fund. Both will have minimal capital gains distributions. I would not recommend selling an index mutual fund and taking a short-term capital gain just to buy the equivalent ETF.


Depending on the state you live in paying interest on a mortgage opens up other tax deduction options: Real estate taxes, Car tax, donations. See schedule A http://www.irs.gov/pub/irs-pdf/f1040sa.pdf The shocking bottom line is that it never works to your advantage in the short term. Owning your house: But there are big risks, ask anybody stuck with a house they can't sell. But it doesn't scale. You spend 10K more to save 2.5K in taxes. Buy because you want to, not to reduce taxes.


"Not all of the reason to start an LLC is liability (although that is implicit). There are two main reasons as far as I have experienced it: I always recommend that people set things up properly from the beginning.  If you do start to grow, or if you need to cut your losses, it can be very difficult to separate yourself from the company if it isn't set up entirely apart from you. I was once told, ""Run your small company as you would wish it to be.""  Don't get into bad habits at the beginning.  They become bad habits in big companies later on."


Please do not conflate number of credit cards with amount of debt. Consider two scenarios, The latter scenario yields much better credit scoring. Many recommendation sources suggest the following, Although your credit score seems very important, it is only important when you have financial interactions (such as applying for credit or services) where the other party makes decisions based upon the score. You should only obtain loans and credit when you want and it makes sense based upon your needs; choosing to live your life to serve credit scoring agencies may not be your happy place.


and seems to do better than the S&P 500 too. No, that's not true. In fact, this fund is somewhere between S&P500 and the NASDAQ Composite indexes wrt to performance. From my experience (I have it too), it seems to fall almost in the middle between SPY and QQQ in daily moves. So it does provide diversification, but you're basically diversifying between various indexes. The cost is the higher expense ratios (compare VTI to VOO).


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Does it add to their lending reserves or is it utilized in other ways? It depends on how the economy and the bank in particular are doing. To simplify things greatly, banks get deposits and lend (or otherwise invest) the majority of those deposits. They must keep some percentage in reserve in case depositors want to make withdrawals, and if they get a high percentage of withdrawals (pushing them to be undercapitalized) then they may sell their loans to other banks. Whether they lend the money to someone else or use the money for something else will depend completely on how many reserves they have from depositors and whether they have people lined up to take profitable loans from them. I wrote this answer for the benefit of CQM, I'd vote to close this question if I had 49 more reputation points, since it's not really about personal finance.


This will be interesting. I think it would be fascinating if a notable subset of the population starts getting their groceries via amazon drone delivery.  Jeff Bezos may remind me of Lex Luthor but damn if I don't love amazon as a service.


We have it in the UK, it’s amazing. My wife (on ticketmaster) and I (on amazon) both tried to buy tickets for Ed Sheran - needless to say, it took 30 seconds for me to buy on Amazon, and my wife was still in the Ticketmaster queue 3 hours later.


>My issue understanding this is I've been told that banks actually don't hold 10% of the cash and lend the other 90% but instead hold the full 100% in cash and lend 900%. Is this accurate? That's the money multiplier effect being poorly described.  Okay, then it makes total sense as long as that description is not accurate/ poorly described.  That description is what just *effectively* happens, spread out between all the banks, assuming that everything legally possible is loaned out?  Another way of saying it would be a bank can loan $9 out for every $10 deposited to it.  It *cannot* loan out $90 for every $10 deposited.


I cant speak for years ago, it coukd be that amazon took those articles to heart and changed its policies. Whatever the case, Amazon is one of the top employers in my area, and for good reason. The only thing i cant say anything aboit is career advancement, but even that is decades ahead of the competition. Free textbooks, company pays a portion of tuition, and automatic time off to attend school if you want it. The only condition is to stay actively enrolled with good grades, and be in one of a few specific fields of study (the idea is that amazon is investing in a skilled employee that it needs)


I think the article is looking at this from the wrong direction. It's not that Google is building anything but that retailers are looking to move away from Amazon and Google is one of the best alternatives.  Brick and Mortars have relatively been subsidizing Amazon's 'intrusion' into their space by using Amazon's services. It's why we're seeing Walmart saying that they won't work with companies that use Amazon's AWS and Target looking to Google/MS/Oracle as an AWS replacement. Why give Amazon money if they're going to use that money to directly compete with you?  As far as Amazon being a monopoly, they aren't. They're just very good at vertically integrating their services to be very comprehensive.


Because people who work with practical skills work for their own means, and not for corporations.  The banks are HEAVILY invested in Corporations.  The banks are also HEAVILY invested in debt.  Our entire system is orchestrated by the banks. They want a workforce that is highly specialized and in debt- this ensures that they are entirely dependent on Corporate jobs for money to pay debts and on big agro for their food....  It's all a trap.   Any one want to blow off the Corporations and go live/work directly for our own needs on a homestead/commune farm?


Here are some significant factors affect the company stock price performance: Usually, profitability is known to the public through the financial statements; it won't be 100% accurate and people would also trade the stock with the price not matching to the true value of the firm. Still there are dozens of other various reasons exist. People are just not behaving as rational as what the textbook describes when they are trading and investing.


"Historically they were conceived as a way to cut losses when the market turned against you. You would tell your broker something like ""buy me 100 shares of Anaconda and stop me if it goes below $110"" You can read references to this in old books like Reminiscences of a Stock Operator, the ABC of Options pricing, or the Day Trader's Bible."


"I'll chime in here with the ""don't do it crowd."" I think it's fraught with ugly possibilities. However, you may, for various reasons, decide to say, ""to hell with it, we'll make it work."" If that is the case, treat it like a business transaction and not an emotional transaction. Work up a binding contract with your attorney for how the two of you will handle issues such as: Of absolutely critical importance is the bail-out clause: how will you handle it when one person says, ""Sayonara.""  None of this ensures a smooth road - god knows I wouldn't do it - but it could help protect your sanity and some of your investment down the road. Good luck."


Online banks are the future. As long as you don't need a clerk to talk to (and why would you need?) there's nothing you can't do with an online bank that you can with a brick and mortar robbers. I use E*Trade trading account as a checking account (it allows writing paper checks, debit card transactions, ACH in/out, free ATM, etc). If you don't need paper checks that often you can use ING or something similar. You can always go to a local credit union, but those will wave the fee in exchange for direct deposit or high balance, and that you can also get from the large banks as well, so no much difference there. Oh where where did Washington Mutual go....


Subway just got in trouble for this I thought.  And I've seen plenty of chicken nugget boxes that advertise 100% white meat chicken on the front and the ingredients include hydrolyzed soy protein and cellulose.  And then there's all the fish mislabeling.


"Whatever the percentage divisions are, I'm a big fan of keeping things in separate accounts.  This works especially well for fixed bills.  It is essentially a bank account version of the envelope method.  If I take out everything from your paycheck I know is reserved (including reserving savings), for me it is a lot easier to not even miss the money when I'm going towards ""fun"" expenditures - which come from the checking account."


This is also true. Part of the strategy was to no longer battle for better prices than ups with large retailers. UPS and FedEx end up undercutting each other so much that they lose money on large accounts. UPS is so much bigger that they can manage that better. FedEx is much smaller so it doesn't make sense to battle on price. Also see my comment below about shifting IT costs. They moved it to FedEx services. Bill the other fedex companies for IT services and then operate FedEx services at loss. There is a lot of money moving around in big corporations like this to avoid taxes.


Several states have compensation programs for victims of violence, and it's been around for decades.   I got compensation through a Los Angeles program 35 years ago.   Someone made a YSK post for the sake of anyone who was a victim of the Las Vegas shooting.   Poor folks are covered through Medicaid, seniors and handicapped folks through Medicare.


"I think the other answers raise good points.  But to your question, ""How do I find an honest financial adviser"" ask your friends and family.  See who they talk to and confide in.  Go meet that person, understand what they do and how they view things and if you gel, great.  Honesty and strong ethics exist in individuals regardless of laws. What is it you're trying to accomplish?  You just have some money you want to put aside?  You want to save for something?  You want to start a budget or savings plan?  Your first step may be talking to a tax person, not an investment adviser.  Sometimes the most significant returns are generated when you simply retain more of your earnings and tax people know how to accomplish that.  You're just graduating university, you're just going to get your first job.  You don't need to hunt for the right heavy hitter 30% gains generating financial adviser.  You need to establish your financial foundation.  Crawl, walk, then run. There are some basics (that transcend international borders).  If you don't know much about investing, most (if not all) retirement and individual brokerage type accounts will give you access to some kind of market index fund.  You don't need to multinationally diversify in to high fee funds because ""emerging markets are screaming right now.""  Typically, over a few years the fees you pay in the more exotic asset classes will eat up the gains you've made compared to a very low fee market index fund. You can open free accounts at a number of financial institutions.  These free accounts at these banks all have a list of zero commission zero load funds, all have something resembling an index fund.  You can open your account for free, deposit your money for free, and buy shares in an index fund for free."


This arrangement might be a bit of a pain, but what about Visa gift card(s)? The transfer of money just doesn't happen if the money isn't already on the card. See here.


Looks like the result got decided recently, with a little uncertainty about exactly how much is the total allowed claims: http://www.wilmingtontrust.com/gmbondholders/plan_disclosure.html http://www.wilmingtontrust.com/gmbondholders/pdf/GUC_Trust_Agreement.pdf They give the following example: Accordingly, pursuant to Section 5.3 of the GUC Trust Agreement, a holder of a Disputed Claim in the Amount of $2,000,000 that was Allowed in the amount of $1,000,000 (A) as of the end of the first calendar quarter would receive: Corresponding to the Distribution to the Holders of Initial Allowed Claims: Corresponding to the First Quarter Distribution to Holders of Units: Total:


Gas engines and oil power generation show no promise for greater efficiencies..  Extraction costs for oil are growing.  Solar has has grown much more efficient and has more room for growths in efficiency.  Recent research into batteries  also shows great promise for increases in energy storage efficiency.   Should we continue to subsidize the past or invest in the future?


I'm sure that's an argument O'Reilly and the others used just before they were shitcanned.  But the claims and lawsuits caused the company to lose a LOT more than just direct the legal costs, especially in lost ad revenue and brand damage.


I did this about 8 years ago with a buddy in Chicago for the reasons specified in the original post.  As other posters have suggested, we discussed  a lot of the same questions listed above, figured out the possible scenarios, and then had a lawyer draw up a contract.  We bought a 3 bedroom house, and rented out the 3rd bedroom.  Overall, it was a great experience.  We both built equity while having a renter pay a third of the mortgage.  Plus the property tax and interest on the loan were tax deductible.  Compared with renting an apartment, it made us  a lot more money.  In the end, we sold the house, and split the profits.  Assuming you have the personalities to make it work, I say go for it.


If you've been in your house for a few years (and have built some equity up) and the market is active in your area, online is probably fine. The local banks will be better if it's not obvious to someone in Bangor, ME that your neighborhood in San Diego is worth substantially more than the crappy area 2 miles away. I've had 3 mortgages, one from a regional bank, one from a broker-sourced national mortgage company and another from a local bank. The bigger banks had better statements and were easier to do stuff with online. The smaller bank has been a better overall value, because the closing costs were low and they waived some customary fees.  In my case, the national mortgage company had a better APR, but my time horizon for staying in the house made the smaller bank (which had a competitive APR, about a half point higher than the lowest advertised) a better value due to much lower up-front costs.


The Russian ETFs may be broad, but a quick glance at ERUS and RBL's sector breakdown shows they're 45% and 47% energy sector, and their top holding is Gazprom comprising 9% and 14% of each ETF respectively, with plenty more oil and gas companies in their top 10 too.  A harder question would be how to invest in Russia and avoid oil I think (and even then, the economy is thoroughly bound up in it). To rework a meme... In Soviet Russia, oil invest YOU!


You must read E-Myth by Michael Gerber.  I've had a business for 13 years.  I read this book 4 years ago and it changed everything.   It's about building systems within your business that allow it to eventually run on its own, which brings it that much more value.    Everyone always also recommends, The Millionaire Next Door (It's a great book, but can be tedious).  It essentially takes a statistical look at real millionaires and their lifestyles, and shows that making a lot of money and living modestly leads to true wealth, as opposed to successfull people who make a lot of money but have too many large liabilities (excessively expensive cars and houses ect..) so their net worth is less than a million.  It's not about having tons of money, it's about living modestly.  The last one is 7 habits of highly effective people. I haven't gotten to that one yet.   Edit.  More general advice: Pay taxes on your money as it comes in.  Don't wait until the end of the year and get a huge tax bill.  Also, have an endgame goal or vision to start with, so you can always have a guide to where you're going. For Instance: do you want to always run and operate your business or do you hope to build it and then sell? Or do you want to be a hands off owner eventually and have someone else manage it?  The better shaped your endgame vision is, the easier it will be to get there.  Be stingy, especially at first, you need cash.  Dont go buying a brand new Mac laptop and an office space you don't need.  Eventually you'll learn when you need to spend money and when to be stingy.


"yes because we all know the little guy always wins when she on the right side of the law.  even the government loses cases to the rich like OJ Simpson.  who ever has the resources is gonna win.  with the legal system in the USA in shambles I do not see justice happening.  innocent people die on deathrow, officers in NYC are ""sprinkling and planting"" drugs on suspects...the system just does not work."


"This is a speculative question and there's no ""correct"" answer, but there are definitely some highly likely outcomes. Let's assume that the United States defaults on it's debt. It can be guaranteed that it will lose its AAA rating. Although we don't know what it will drop to, we know it WILL be AA or lower.  A triple-A rating implies that the issuer will never default, so it can offer lower rates since there is a guarantee of safety there.People will demand a higher yield for the lower perceived security, so treasury yield will go up.  The US dollar, or at least forex rates, will almost certainly fall. Since US treasuries will no longer be a safe haven, the dollar will no longer be the safe currency it once was, and so the dollar will fall. The US stock market (and international markets) will also have a strong fall because so many institutions, financial or otherwise, invest in treasuries so when treasuries tumble and the US loses triple-A, investments will be hurt and the tendency is for investors to overreact so it is almost guaranteed that the market will drop sharply. Financial stocks and companies that invest in treasuries will be hurt the most. A notable exception is nations themselves. For example, China holds over $1 trillion in treasuries and a US default will hurt their value, but the Yuan will also appreciate with respect to the dollar. Thus, other nations will benefit and be hurt from a US default. Now many people expect a double-dip recession - worse than the 08/09 crisis - if the US defaults. I count myself a member of this crowd. Nonetheless, we cannot say with certainty whether or not there will be another recession or even a depression - we can only say that a recession is a strong possibility. So basically, let's pray that Washington gets its act together and raises the ceiling, or else we're in for bad times. And lastly, a funny quote :) I could end the deficit in 5 minutes.   You just pass a law that says that   anytime there is a deficit of more   than 3% of GDP all sitting members of   congress are ineligible for   reelection.   - Warren Buffett"


It's so that your total mortgage payment stays the same every month. Obviously, the interest due each month decreases over time, as part of the principal is paid off each month, and so if the proportion of interest and principal repayments were to stay the same then your first payment would be very large and your last payment would be almost nothing.


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"Environmental disaster, *intentional* environmental disaster and conspiracy to defeat regulatory compliance measures, overtly helping Iran and Mexican cartels circumvent sanctions...  vs...  Overly-aggressive marketing tactics.   I dunno man, I'm just having trouble putting these in the same category.  That last one looks an *awfully* lot like being guilt of ""succeeding while American""."


"Since the deduction balances out the future tax (presumably), I am   only paying tax on the gains, however over 20 years, those gains could   be greater than the original $4000 itself. (Doubling would only take   3.6% annual return over 20 years ) If I put it into a Roth IRA, I don't get a tax deduction, but I get to   withdraw the original $4000 and all the gains, tax free in about 20   years. It seems the Roth IRA is a better deal tax wise, but I would like to   hear if I am missing something. You are missing the time value of money. $4000 now does not have the same value to you as $4000 years in the future. In fact, the $4000 now has the same value as the money it grows into (principal + earnings) in the future. So a certain percentage of tax on the $4000 now has the same effect to you as the same percentage of tax on the $4000 + earnings in the future, no matter how much ""earnings"" is. It's simple math. If you start with the same amount of pre-tax money, and have the same flat percentage tax rate, then both Traditional and Roth will leave you with the same amount of money, regardless of how many times the gains are. Try it for yourself."


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Many real estate agents will assist with an apartment hunt, for a suitable fee. In a hot market that may be worth the money. Then again, my best finds were always through co-workers, after the first two.


> I do this for a living  I think that's become painfully obvious. Take this as a learning experience, pink slime is NOT acceptable, misleading labeling is NOT acceptable.  > They're designed to not be misleading.  They are marketing and are designed to lie and deceive the consumer. Those involved should be jailed for what they do (sounds like you) as an example of both fraudulent trading (since that is what it is), and corruption (since the only reason the law allows you, is because you bribed someone).  Take a long hard look at yourself.


"I worked for a plumbing/heating business in a management position for the past 3 years and I learned a few things:  You need a web presence STAT. Yellow page ads while effective at reaching older clients are EXPENSIVE and effective web marketing can be created at a fraction of the cost. Social media is an AMAZING tool use it.  Flat rate pricing. Quote your prices before you get the work and get a signature before you start. Make sure it is very very clear that you expect to be paid on completion.  Be known for cleanliness. Wealthy clients WILL spread your name around if you take the time and care to respect their property. Carpet runners, boot covers and cleaning supplies will pay off.  Pick a company name and get a PROFESSIONAL graphic designer to make your logo. Plaster it on all sides of your vehicle and you now have a mobile billboard.  Find something to specialize in.... for example boiler repair is a dying art. If you can be ""The boiler guy"" you will have lots of yearly maintenance work. Speaking of which offer yearly maintenance contracts as a way to get back into the house and develop a business relationship.  Get some sales training. You can be and effective salesman and still be honest it is just a matter of understanding the customer. Nexstar might be something worth looking into. But the membership fee is not cheap.  Setup some sort of inventory tracking system NOW. Have it in place so when he wants to grow it will be easy.   The company I worked for while not doing all of the things I mentioned here still managed to do 7 million a year in revenue. PM me if you want to know anything else."


If you are the only one who puts in a large market buy order, then it would definitely push the price up. How much up would depend on how many would be willing to sell at what price point. It would also be possible that your trade will not get executed as there are no sellers. The same would be true if you put in a large sell order, with no buyers. The price would go down or trade not get executed as there aren't enough buyers.


A public company should have a link for investor relations, which should help provide a trail of basis if this is a matter of company buyout, takeover, etc.  This gets you close, but if you don't have an exact date, it will just be close, not exact.  One clean way out of this, assuming the goal is to get rid of the stock and move on, is to donate the shares to charity. You will take the present value as a deduction, and be done. You can use a charitable gift fund such as those offered by Schwab or Fidelity, so if say, the shares are worth $20K, and you typically donate $5K per year, the fund lets you do this transaction at once, then send to the charities you wish over the next few years.


I'm confused. Were those among the emails Don Jr provided freely and openly to the public, or were those among the 33000 emails that Clinton erased with no DOJ review? Or was that email data contained within the phones and computers Debbie Wasserman Schultz, Awan, and Clintons staff smashed with hammers before they could go through DOJ review?  Its awfully difficult to keep all these emails straight y'know. Could you lend me a hand by telling me where the emails you speak of came from?


Is it true that my father and I get better exchange rate if he uses citibank than his local bank and my local bank? No. The rates vary from Bank to Bank and some days some bank may give a better rate and there is no Golden rule that One Bank will always give better rate. For the amount specified, your father needs to walk into his Bank, preferably the branch that deals with Forex or the Main Branch in the city. A better rate would be given. So any leading Bank like HDFC, ICICI, SBI, SBH, Axis will be similar. Please note a CA certificate is required to make such remittance outside of India.  having my father send me money in USD in India and I get USD here. In that case, my father would have to pay exchange fees Yes this is the only option. You have to convert INR to USD in India. having my father send me money in INR in India and I exchange INR to USD in the US. In this case, exchange fees would be on me INR cannot be sent to US electronically. It will automatically get converted to USD. There is no bank in US that holds an INR account for you to convert amount into USD.


The question regarding your snapshot is fine, but the real question is what are you doing to improve your situation?  As John offered, one bit of guidance suggests you have a full year's gross earnings as a saving target. In my opinion, that's on the low side, and 2X should be the goal by 35.  I suggest you look back, and see if you can account for every dollar for the prior 6-12 months. This exercise isn't for the purpose of criticizing your restaurant spending, or cost of clothes, but to just bring it to light. Often, there's some low hanging fruit in this type of budgeting exercise, spending that you didn't realize was so high.  I'd also look carefully at your debt. What rate is the mortgage and the student loans? By understanding the loans' rates, terms, and tax status (e.g. whether any is a deduction) you can best choose the way to pay it off. If the rates are low enough you might consider funding your 401(k) accounts a bit more and slow down the loan payments.  It seems that in your 30's you have a negative net worth, but your true asset is your education and future earning potential.  From a high level view, you make $180K. Taking $50K off the top (which after taxes gives you $30K) to pay your student loan, you are still earning $130K, putting you at or near top 10% of families in this country. This should be enough to afford that mortgage, and still live a nice life.  In the end there are three paths, earn more (why does hubby earn half what you do, in the same field?), spend less, or reallocate current budget by changing how you are handling that debt.


"> Haha, aside from the fact that consensually choosing which career path you would like to go down is not at all akin to slavery and severely diminishes what actual slaves went (and in some places still go) through, even if your premise was right, your supposition is still wrong.  When you only other choice is OR DIE, it's pretty much slavery. Getting to choose your master, oh I'm sorry, ""career path"" is just mincing words.  You have no choice but to work for somebody to sustain yourself. You can't leave society and go your own way; All land is owned in some form or another and to do so  is illegal. ergo, you have no real choices and you are beholden to a system with the *illusion* of freedom.  But you are anything but free.  Look up the term wage slavery.  Honestly, old time slaves may have actually had it better than what we have today. At least the master was obligated to take care of his slaves and provide food, shelter, and medical care as his slaves were his investment in labor.  Today, the slaves have to fend for themselves. They need to purchase housing, education (modern day slaves have to secure their own training before they can become adequate servants), and healthcare.  The masters sure have it good these days, they don't even have to put forth any of the effort their predecessors did.  And the best part? They can just dump them whenever they see fit. Let the servants worry about their own upkeep! After all, there is always a nice surplus of fresh up and coming laborers!  >People on the corner begging for money make a pretty decent amount of money with no employer. Certainly more than I make.  *citation Needed*"


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There are costs, yes, but it doesn't mean childless couples will automatically become $900K wealthier.  What's more likely is they will spend about the same amount of money to fill a certain void in their souls.


Real Estate is all local. In the United States, I can show you houses so high the rent on them is less than 1/3% of their value per month, eg. $1M House renting for less than $3500. I can also find 3 unit buildings (for say $200K) that rent for $3000/mo total rents. I might want to live in that house, but buy the triplex to rent out. You need to find what makes sense, and not buy out of impulse.  A house to live in and a house to invest have two different sets of criteria. They may overlap, but if the strict Price/Rent were universal, there would be no variation. If you clarify your goal, the answers will be far more valuable.


Generically, interest rates being charged are driven in large part by the central bank's rate and competition tends to keep similar loans priced fairly close to each other. Interest rates being paid are driven by what's needed to get folks to lend you their money (deposit in bank, purchase bonds) so it's again related. There certainly isn't very direct coupling, but in general interest rates of all sorts do tend to swing (very) roughly in the same direction at (very) roughly the same time... so the concept that interest rates of all types are rising or falling at any given moment is a simplification but not wholly unreasonable. If you want to know which interest rates a particular person is citing to back up their claim you really need to ask them.


"In the US tax system, you cannot ""write-off"" capital assets. You have to depreciate them, with very specific exceptions. So while you may be purchasing $4500 of equipment, your deduction may be significantly less. For example, computers are depreciated over the period of 5 years, so if you bought a $1000 computer - you write off $200/year until it is completely depreciated, not $1000 at once. There are exceptions however, for example - IRC Sec. 179 is one of them. But you should talk to a tax adviser (EA/CPA licensed in your State) about whether it is applicable to the specific expense you want to ""write off"" and to what extent. Also, keep in mind that State laws may not conform to the Federal IRC. While you may be able to use Sec. 179 or other exceptions and deduct your expenses on your Federal return, you may end up with a whole different set of deductions on your State return. And last but not least: equipment that you depreciated or otherwise ""wrote off"" that is later sold - is income to you, since depreciation/deduction reduces basis. Ah, and keep in mind - the IRS frowns upon Schedule C business that consistently show losses. If you have losses for more than 3 in the last 5 years - your business may be classified as ""hobby"", and deductions may be disallowed. But the bottom line is that yes, it is possible to end up with 0 tax liability with business income offset by business deductions. However, not for prolonged periods of time (not for years consistently, but first year may fly). Again - you should talk to a licensed tax adviser (EA/CPA licensed in your State). It is well worth the money. Do not rely on answers on free Internet forums as a tax advice - it is not."


Mostly true. Very few plans allow for in-service withdrawal options. In most cases plans that do, only allow pure after tax sources to be withdrawn prior to age 59.5. The other case would be if you had rolled money from another k plan into your current plan. In almost all plans that money is always accessible.  Otherwise you generally will have to wait to request a distribution until you turn 59.5 years of age.


"I think equity research on the buy side is still chugging along, but on the sell-side it's dying.    Regulation FD damaged sell-side pretty bad.  I'm not saying reg FD is bad; I think it's good that everyone plays on the same playing field.  But it definitely took its toll.  Then you have higher and higher soft-dollar disclosure standards which makes it more and more difficult to get paid.  Add to that that second market volumes have fallen for something like eight years in a row and there's a shrinking pie.    And now, the SEC is going after ""expert networks"" hardcore and it has legit research providers scared to produce anything of value for fear of falling afoul of insider trading complaints."


??  Edit: that's what I thought. Unless there is some specific tax code that I don't know about, there's no way to pass through money to the next year. But if someone on Reddit is saying something and quoting a tax law, I'd at least like to see it.


You are missing a few variables from your calculation, particularly implied volatility.  Even so it does not look like it would be too great a predictor even if incorporated.  You should focus on calculating the option price at a different point in time (with a different underlying price) instead of using a total position value as that can be done afterwards. I programmed and use the standard Black-Scholes model to calculate expected returns.   There are many tools online to help you without doing the programming or calculations yourself.


The idea is correct; the details are a little off. You need to apply it to the actual cash flow the bond would create. The best advice I can give you is to draw a time-line diagram. Then you would see that you receive £35 in 6 months, £35 in 12 months, £35 in 18 months, and £1035 in 24 months.  Use  the method you've presented in your question and the interest rate you've calculated, 3% per 6 months, to discount each payment the specified amount, and you're done. PS:  If there were more coupons, say a 20 year quarterly bond, it would speed things up to use the Present Value of an Annuity formula to discount all the coupons in one step...


The whole internet is becoming pathetic.  You can't go anywhere without having to fend off Alex-Jones watching, ammo-hording, conspiracy-mongering gold-bugs.  It's unbelievably pervasive.  People who had no interest in word goings-on are jumping into economic debate.  Unfortunately, they're mostly mis-informed.  I'll tell you what it *does* mean though:  there is a generation of kids who have a united belief (**bankers are evil! down with corporations!**) and they're angry.  Rational or not, at some point they'll begin to impose their will on the political system.  We will have a generational clash, especially if economic conditions worsen. Bank on it.


"The forms get updated every year, and the software providers need to get approved by the IRS every year. ""Form is not yet finalized"" means that this year form hasn't been approved yet. IRS starts accepting returns on January 31st anyway, nothing to be worried about. Why are you nearing a deadline? The deadline for 1120 (corporate tax return) is 2 and 1/2 months after your corp year end, which if you're a calendar year corp is March 15th. If your year end is in November/December - you can use the prior year forms, those are finalized."


Yes, but at the root of it is the consumer. Complaining that these trusted sources are not adhering to principles of journalistic integrity while they are desperately trying to survive, thrive and adapt to a completely shifting paradigm where competition is lowering the bar and the same consumers are unwilling to step up and reward journalistic integrity - this is what happens. Essentially we get what we pay for.   We can lay blame on the media organizations as much as we care to, but the reality is we’ve reached a point where most people like to be given talking points and sound bites that vindicate their point of view rather than actually try to obtain facts and form their own opinions. The truth is rarely accessibly in the bite-size pieces our society today craves.  Trust in the media is at an all time low for no other reason than we allowed it to happen and rewarded the media for going down that path. We’ve created a system that does not reward what we say we want from media, rather rewards the actions that show we want the complete opposite.   If I may inquire, how many people reading this pay any premium for good journalism? I will be the first to sadly admit I do not.  Obviously this means I am also part of the problem despite making an effort to look at news from all sides - I am just a guilty as most to reinforcing the same system that has destroyed journalistic integrity.


It's funny. I look at your recent posts and come back with, this guy is defending the white supremacists way to much.  This makes me think you are a white supremacists. No one in their right mind would go to that effort. Why are you? Honest question.


You continue with this form. The fact that the trade in value is less than market value doesn't mean that you don't have taxable income from the sale. Since you depreciated the car before selling it, you need to compare the trade in value not to the market value, but to your cost basis, which may be lower.


Depends from your general overall situation, but for what we know i would say: Definetely get rid of the high interest loan (10%) since average stocks return is not as high. Not sell shares for the car loan, the market is not so high (the s&p500 is just above the 200dd moing average). But if you have extra savings you should emduce this debt, since average savings rate is lower than 4% Keep the student loan for the moment.


>But the Model 3 will be priced around $35,000  It's a stretch to call this a mass-market car. The Model 3 is still in the price range of a low-end Lexus. But hopefully this will be produced with enough volume to be able to push for a Model 4 in the $20,000 range that is really reachable by more consumers.


Be your professional self no matter what. Because weeks/months afterward your true self will come out. If this so-called 'conservative' company representative does not feel you were an optimal fit so be it. Employers, are like women, they're plenty of 'fish' in the sea. And there's nothing worse then not being yourself 8 hours a day 5 days a week. Got it?


Your first home can be up to £450,000 today. But that figure is unlikely to stay the same over 40 years. The government would need to raise it in line with inflation otherwise in 40 years you won't be able to buy quite so much with it. If inflation averages 2% over your 40 year investment period say, £450,000 would buy you roughly what £200,000 would today. Higher rates of inflation will reduce your purchasing power even faster. You pay stamp duty on a house. For a house worth £450,000 that would be around £12,500. There are also estate agent's fees (typically 1-2% of the purchase price, although you might be able to do better) and legal fees. If you sell quickly you'd only be able to access the balance of the money less all those taxes and fees. That's quite a bit of your bonus lost so why did you tie your money up in a LISA for all those years instead of investing in the stock market directly? One other thing to note is that you buy a LISA from your post tax income. You pay into a pension using your pre-tax income so if you're investing for your retirement then a pension will start with a 20% bonus if you're a lower rate taxpayer and a whopping 40% bonus if you're a higher rate taxpayer. If you're a higher rate taxpayer a pension is much better value.


What does cheap mean? Compared to what?  A standard international wire transfer cost about 40 $. Is that 'cheap' for you?  Alternatively, a mailed paper check takes 5-7 days mailing plus 7-10 days processing, but is free, that's as cheap as it gets.


"Point of order: ""What goes up must come down"" refers to gravity of terrestrial objects below escape velocity and should not be generalized beyond its intent.  It's not true that stocks MUST come down just because they have gone up.  For example, we would not expecting the price of oil to come down to 1999 levels, right?  Prices, including those of stocks, are not necessarily cyclical. Anyway, short selling isn't necessarily a bad idea.  In some sense, it is insurance if you have a lot of assets (like maybe your human capital) that will take a dive when the market goes down.  Short selling would have lost a lot of money in your case as the stock market between 2011 (when you wrote the question) and 2014 (when I wrote this answer) performed very well.  On average the long side stock market should make money over long periods of time as compensation for risk and the short side should lose money, so it's not a good way to make money if you don't have an informational advantage.  Like all insurance, it protects you against certain calamities, but on average it costs you money."


You should read the provisions in your offer and any counteroffer that was signed before paying the earnest money, but generally if the appraisal comes in low, the price has to be adjusted. If you can't get a mortgage (because the appraisal is too low) the next guy usually can't either. Unfortunately without more information (the documents that were signed and the locale, to know which laws might be applicable) I can't tell you with certainty that you'll get your earnest money back.


I agree, and this is as someone who has a hobby project idea that he might someday want to build as a product and sell.  I just don't think I would ever follow the conventional start-up model.  It stakes too much on too little.  It's better to construct a sustainable small business with a product line and revenue model, and also keep most of the ownership yourself, rather than get suckered into gajillion-dollar start-up offices, big-deal conventions and conferences, big-deal ownership of your company by VCs, big-deal coroporate folks suddenly walking around like they own the place... for a product that will end up relying on advertising for revenue or costing $10.


">> President Trump killed the TPP? Yes, or no?  > No, the TPP was declared politically dead before President Trump was elected.  Yeh, sure! Hillary was so against TPP, like Obama was.  So the answer is ""Yes!"" here.  > President Trump is killing and NAFTA and actively against it? Yes, or no?  > No, although candidate Trump was strongly against the trade deal President Trump has decided to ""renegotiate"" it.   Darling, if you are renegotiating a bad trade agreement called NAFTA, then it will not be NAFTA anymore. Am I right? Yes or No?  So the answer is ""Yes!"" here.  >>President Trump reduced immigration? Yes or no?  > No, at least not yet although he has proposed legislation to do so.  Trump killed and is killing illegal immigration. Trump was never against legal immigration. Neither do I. Don't spin it.  So the answer is ""Yes!"" here.  >> President Trump reduced and kill many regulations? Yes or no?  > Yes on this one but...  So, ""Yes!"" here.   And Obama was president for 8 years, so you start with Obama misguided regulations (not all of them, but many of them).  >> President Trump invests in infrastructure? Yes, or no?  > No, while President Trump has promised $1 trillion in infrastructure spending  As you know, the President of the USA is not an absolute king. So Trump is for infrastructure, the wall with Mexico and re-doing ObamaCare. Any ideas why those did not happen yet? (hint: something to do with corrupt politicians in congress and senate, ALL(!) of them are democrats and few GOP losers).  So the answer is ""Yes!"" here.  >> Presider Trump pull out from Wars, e.g. the CIA program to ""support the rebels in Syria""? Yes or no?  > No, although you are right Tr  Make up your mind. Either it's ""no"" or I am not right.  Arming the Kurds, who never had their own country, and are pro-west, is actually anti-War. Kurdistan will put Iran, Iraq, Syria and Turkey in their place, like Israel does it to their neighbors. One of the worst crimes of modern age, worst than Jews not having their homeland of Israel, is the Kurd not having their country.  Arming the Saudis and many other anti-West countries, and paying ransoms to Iran / Iran ""deal"" by Obama is pro-War."


I understand that Baby Boomer retirement is a factor, but when you stated 'there are more jobs than ever', it doesn't really support the idea that we don't have an unemployment crisis looming.  In other words, the fact that there are more payroll positions doesn't play into the effectiveness of the US's employment strategy (if it even has one). After all, it's trivial to show that the number of part-time positions is booming while full-time positions are contracting. Surely you don't think that every part-time job has the same economic benefit as a full-time job?  Even without a burger-making robot, we have a problem with enough work being available for our populace. If/when food prep automatons hit the big time, we're going to collectively flush out the part-timers that are the only section of the workforce that actually has been increasing in positions. What then?   I keep hearing people make comparisons to previous manufacturing or technological revolutions/evolutions, like buggy whips going away as automobiles came online. But those comparisons are fundamentally flawed as they didn't involve REPLACING the human, they involved augmenting humans with better and better tech. We still needed the human.  Now we face a major evolutionary hump, where we are replacing the humans hands and BRAINS with machinery. We simply don't need the human any more, they just get in the way.  It's a fundamentally different proposition than we have faced before.


Sony has been doing this for years and nobody complains. But I do see the point, it keeps companies like WalMart and Best Buy from destroying small businesses.  Ohio does the same thing with beer and cigarrette prices.


Agree. The key word is 'standards'. Every seller is going to encounter a crazy buyer once in a while and should be prepared for a ridiculous return now and then. On the whole, people buy things because they wanted to buy the thing, they aren't going to return it just because.  If the sellers want to cut down on returns, make sure there are good photos, accurate descriptions and quality control. If a buyer has been unreasonable, blacklist that person. I did that to a client 40 years ago. took forever to talk my boss into letting me do it, but it saved us thousands of dollars of year.


FFTs target people who make frequent, large transactions. It would primarily affect people like day traders, high frequency traders. If you're doing either of those things with your 401(k), I think you have other problems.  Oh, it'll also affect people transferring extremely large amounts of money (like billions), which again, if you have in your 401(k), you have other problems.


In the US, an opposite-sex spouse who is a citizen as well, can receive an unlimited inheritance with no tax due from the estate. IRAs and retirement accounts which were pretax accounts, are inherited by a spouse who can then either treat the accounts as her own, i.e. even co-mingle with current IRAs, or treat as inherited IRA, and begin RMDs. In which case tax is due to the extent the money wasn't already taxed. I see the edits above. No tax should have been due. Mom can gift the kids up to $14,000 per year per kid with no paperwork at all. And another $14K to the kid's spouses or grandchildren. Above this number, a form 709 is used to tap into the lifetime exclusion.  As it stands now, it's unclear why any tax would have been due in the first place.


In this type of strategy profit is made when the shares go down as your main position is the short trade of the common stock. The convertible instruments will tend to move in about the same direction as the underlying (what it can be converted to) but less violently as they are traded less (lower volatility and lower volume in the market on both sides), however, they are not being used to make a profit so much as to hedge against the stock going up. Since both the bonds and the preference shares are higher on the list to be repaid if the company declares bankruptcy and the bonds pay out a fixed amount of interest as well, both also help protect against problems that may occur with a long position in the common stock.  Essentially the plan with this strategy is to earn fixed income on the bonds whilst the stock price drops and then to sell both the bonds and buy the stock back on the market to cover the short position. If the prediction that the stock will fall is wrong then you are still earning fixed income on the debt and are able to convert it into stock at the higher price to cover the short sale eliminating, or reducing, the loss made on the short sale. Effectively the profit here is made on the spread between the price of the bond, accounting for the conversion price, and the price of the stock and that fixed income is less volatile (except usually in the junk market) than stock.


They have a $1.5 billion buyback in place. The company likely buying back shares here (at 18x declining free cash flow). More leverage for the company, now almost at 3x EBITDA. Don't worry, after they're done fucking the whole world it'll blow up and whoever gets stiffed on the debt will somehow wind up passing the cost onto taxpayers :)


You assume that you'll be working at a bulge bracket, who have structured programs and are used to hiring globally.  If you go work at a hedge fund, it could end up being a small shop who would rather not deal with any additional issues.  On my campus - many companies don't hire international just because there are so many qualified domestic applicants.  This is probably the most competitive and lucrative field out of any profession.


No, fractional reserve banking isn't a scam. A simple exercise: replace dollars with time. You're trading some time now for time in the future, plus a bit of extra time. This is only a problem if you promise your entire life away, which we've helpfully outlawed. Once you realize that wealth is the result of human labor, and that money is simply a unit of account for it, it becomes far easier to see how simplistic models don't match reality.


"> But yes, raising taxes will be necessary to fund what we need to fund, but I'd like to start with cutting government spending,  Want to cut government spending at the state level? Then you have to end the ""war on drugs"" and other excessibly punitive laws. But who has the political will to make that happen?"


The net amount of mail being sent doesn't matter, the marginal cost of each piece of mail does. The marginal cost has plummeted in recent years as cheaper sorting systems, higher stamp prices, and fewer letter-carriers have made it into a more efficient operation. This is (mostly) not about email.


"For any large company, there's a lot of activity, and if you sell at ""market"" your buy or sell will execute in seconds within a penny or two of the real-time ""market"" price.  I often sell at ""limit"" a few cents above market, and those sell within 20 minutes usually.  For much smaller companies, obviously you are beholden to a buyer also wanting that stock, but those are not on major exchanges.  You never see whose buy order you're selling into, that all happens behind the curtain so to speak."


Burger King is just the latest American company to attempt a so-called tax inversion -- where a bigger U.S. company buys a smaller foreign firm in a country with a lower tax rate, renounces its U.S. corporate citizenship and then reincorporates in the other nation. Politicians and pundits have said the moves amount to little more than unpatriotic ploys to avoid paying taxes.  http://www.huffingtonpost.com/2014/08/25/burger-king-boycott_n_5710695.html


My work as Shill paid off! The economy will now improve even more.  Sure! Anyone who support Trump's actions on the economy is a shill.  Hey! Maybe I am also a Nazi, because, as you know, Trump is a Nazi sympathizer.


"One occastion where ""will not be quoted ex"" is used is when a corporate action is occurring such as a spin-off.  In such a case, the rights to, and the spin-off itself may be quoted separately on the home country exchange.  However, if the company is based abroad, it may not be worth the expense for them to have an additional securities listing on the local (US) exchange. For example:  In November 2016, Yamana Gold (TSX: YRI, NYSE: AUY) announced it will have an initial public offering of a spin-off (Brio Gold, to be listed on TSX as BRIO).  Existing shareholders received a right to one share of the spin-off for every 16 shares they held of YRI (or AUY).  These rights were separately traded in advance of the IPO of the spin-off on TSX under ""YRI.RT"", but the prospectus they stated that the rights ""will not be quoted ex"" on NYSE, i.e. there was no separate listing on NYSE for these rights. The wording seems counter-intuitive, but I suspect that is the attorneys who were preparing the prospectus used those specific words as they may have a very specific meaning (e.g. from a statute or previous case)."


Wood, stainless steel, aluminium, concrete, and stone are some of the materials used to build balustrades. However, in this age of environment consciousness, modern construction technologies are turning to eco-friendly materials for the development of properties. As a result, glass balustrades are the most popular option that builders prefer to use, due to their many benefits.


"Wall Street is an abomination because you never let the people you put in charge of valuing everyone's contributions to the economy and overall assets, in charge of valuing their own contributions to the economy and overall assets.  Otherwise I just say ""My name is Jaime Dimon, and I'm worth $300 million Loddars because I tell everyone how much their work is worth, but now need some money from everyone else because my company lost so much money working out the value of everyone else's stuff, and we  obviously didn't just spend it on our own bonuses.""  This is no different from that town drunk promising a ship full of gold. The only real difference is that people believe him, and when the ship doesn't show up the government ends up stepping in and covering his debts, because... capitalism..."


"nuclear plants + nuclear fuel rod storage facilities together take up a lot of space.   also to go back to one of your earlier points, I tried looking up the comparison in mining between nuclear and solar panels, but couldn't find anything. however I think they are similar, not one being more or less than the other. the processes are not too dissimilar, you have to get what you're mining for then wash it down and purify it with chemicals. But if you saw the amount of land that was displaced to get one piece of uranium that wouldn't even make up an entire fuel rod you might not think solar had the heavier mining load. besides, solar generates electricity while the fuel rods have a set amount of energy, so solar will end up paying for itself rather than having to mine for more of a radioactive element once your fuel rods are spent.   not sure I explained that last part too well but solar starts at 0 and goes to ""infinity"" in terms of how much electricity is generated while nuclear fuel rods start at 100 and go down to 0. so I think solar is the better bet  edit: I also agree that energy is really hard to solve. every source has their drawbacks unfortunately. except cold fusion lol"


This is amazing. Pretty standard in the EU but as an Americanizing in London it took multiple Brit friends to get me to take a few days as my marriage ended. Ultimately helped me save a few deals I was working on that began to fall apart as I struggled.


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Consult a professional CA. For shares sold outside the Indian Stock Exchanges, these will be treated as normal Long Term Capital Gains if held more than one year. The rate would be 10% without Indexation and 20% with Indexation. If the stocks are held for less than 1 years, it will be short term gains and taxed according you to tax bracket.


There is a way to get a reasonable estimate of what you still owe, and then the way to get the exact value. When the loan started they should have given you amortization table that laid out each payment including the principal, interest and balance for each payment. If there are any other fees included in the payment those also should have been detailed. Determine how may payments you have maid: did you make the first payment on day one, or the start of the next month? Was the last payment the 24th, or the next one? The table will then tell you what you owe after your most recent payment. To get the exact value call the lender. The amount grows  between payment due to the interest that is accumulating. They will need to know when the payment will arrive so they can give you the correct value. To calculate how much you will save do the following calculation: payment = monthly payment for principal and interest paymentsmade =Number of payments made = 24 paymentsremaining = Number of payments remaining = 60 - paymentsmade = 60-24 = 36 instantpayoff = number from loan company  savings = (payment * paymentsremaining ) - instantpayoff


"Okay. Savings-in-a-nutshell. So, take at least year's worth of rent - $30k or so, maybe more for additional expenses. That's your core emergency fund for when you lose your job or total a few cars or something. Keep it in a good savings account, maybe a CD ladder - but the point is it's liquid, and you can get it when you need it in case of emergency. Replenish it immediately after using it. You may lose a little cash to inflation, but you need liquidity to protect you from risk. It is worth it. The rest is long-term savings, probably for retirement, or possibly for a down payment on a home. A blended set of stocks and bonds is appropriate, with stocks storing most of it. If saving for retirement, you may want to put the stocks in a tax-deferred account (if only for the reduced paperwork! egads, stocks generate so much!). Having some money (especially bonds) in something like a Roth IRA or a non-tax-advantaged account is also useful as a backup emergency fund, because you can withdraw it without penalties. Take the money out of stocks gradually when you are approaching the time when you use the money. If it's closer than five years, don't use stocks; your money should be mostly-bonds when you're about to use it. (And not 30-year bonds or anything like that either. Those are sensitive to interest rates in the short term. You should have bonds that mature approximately the same time you're going to use them. Keep an eye on that if you're using bond funds, which continually roll over.) That's basically how any savings goal should work. Retirement is a little special because it's sort of like 20 years' worth of savings goals (so you don't want all your savings in bonds at the beginning), and because you can get fancy tax-deferred accounts, but otherwise it's about the same thing. College savings? Likewise. There are tools available to help you with this. An asset allocation calculator can be found from a variety of sources, including most investment firms. You can use a target-date fund for something this if you'd like automation. There are also a couple things like, say, ""Vanguard LifeStrategy funds"" (from Vanguard) which target other savings goals. You may be able to understand the way these sorts of instruments function more easily than you could other investments. You could do a decent job for yourself by just opening up an account at Vanguard, using their online tool, and pouring your money into the stuff they recommend."


I am not sure what a Brazilian equivalent is but you could just do an  ADR. Keep in mind that when you are investing in a foreign company there are certain currency risks that you may need to consider.