"Have you been rejected from a rental for a specific reason (leading to this question)?  Landlords are in the business of exchanging space for regular payments with no drama.  Anything they ask in an application should be something to minimize the risk of drama.   The ""happy path"" optimistic goal is that you pay your rent by the due date every month.  If your income is not sufficient for this, demonstrating you have assets and would be able to pay for the full term of the lease is part of the decision to enter into the lease with you.   In the non-happy-path, say you fall off the face of the earth before ending the lease.  The landlord could be owed several months of rent, and could pursue a legal judgment on your assets.  With a court order, they can make the bank pay out what is owed; having bank information reduces the landlord's cost and research efforts in the event the story has degenerated to this point (in the jargon of landlording, this means the tenant is ""collectable"").  While of course you could have zeroed out your accounts or moved money to a bank you didn't tell the landlord in the meantime, if you are not the bad actor in this story, you probably wouldn't have.   If you get any kind of ""spidey-sense"" about a landlord or property at all there is probably a better rental situation in your city.  You also want to minimize drama.  If the landlord is operating like a business, they're not in this to perform identity theft.  If the landlord is sloppy, or has sloppy office workers, that would be different.   In the event sharing your asset information truly bothers you, and the money is for rental expense anyway, you could offer to negotiate a 1 year prepaid rental (of course knock another 5%-10% off for time value of money and lower risk to landlord) if you're sure you wouldn't want to leave early."


Inform the company that you didn't receive the payment. Only they can trace the payment via their bank.


your plan to implement business VoIP phones in your office can look very easy, but the fact is miles away from this. Therefore, in this post, you’ll get a brief glossary of some major terms that we will have to use on a daily basis.


"Today sure, but that market is similar to day trading in it's volatility. It's great for individuals to make some money in the short term but it's not a good product to build a company around. Especially since the corporate giants already own the entire marketplace.  And you need to take seriously that they have a 50/50 success/fail rate. Facebook is succeeding, Twitter is failing. That's not an indication of stability.  Anyway you need to understand the technology and the consumer marketplace to really know what you're talking about and I suspect you don't. No offense intended. I've been using the internet since before computers were ""cool"" and I do know what I'm talking about."


Get the good inspection team by Assured Building Inspections, it is a necessary process to everyone house owner before buying the house. Our excellent team recognizes the building's lacks and resolve that problem. We are specialising the most issues in Pre Purchase Property Inspections – building & pest inspections. Our impartial reviews provide our customers with the confidence and peace of thoughts they want to do nicely informed, well taken into consideration decisions about any belongings building issues. We  associate the most building inspection team for the better result, it is certainly one of Australia's main Fully Licensed and Insured building and wood pest inspection businesses offering expert constructing consultancy offerings, specialising in pre-purchase  inspections.


You would probably be best off checking through your loan documents to see if anything is listed in it in regards to tearing down the existing house. Likely it is not allowed. Thinking about it logically, the house is collateral for the mortgage, and you are wanting to destroy the collateral. I would expect the bank would not be pleased. Semi related question (answers have some good info) -  Construction loan for new house replacing existing mortgaged house?


"keeps telling me that she'll be in a difficult position if I quit.  ""And she promised me that she will put me in contact with different people if I do well (she used to work in IBD)""  Let me translate.  Your boss doesn't care about you and will do or say anything necessary to keep you.  Sorry that's a bit blunt, but this is what management does.  If you leave and pursue IBD, they will respect that and help you whether you stay or not...unless they don't give a shit.  You need to do what's best for you.  You can very easily say ""I don't think this is the best place for me to learn X, I need to go to Y company to achieve this.  It took me Z weeks to learn this""   Of course this doesn't apply if you've known this person for years beforehand, but I'm 95% sure this is what you need to be aware of. Management sucks when you aren't in their ""club,"" (which it sounds like you're not) it's a part of life."


> Why are you bringing in Hillary or Obama?   Because if you are against Trump, you must(!) be for Hillary or the DNC or both.  > My argument was that Mitch McConnell and congress killed it.  Even if it's true, it's what Trump wanted, what he would have done, what he has done, and the GOP did it, for him.   All this, despite the wishes of the DNC, Obama and Hillary. Am I right? yes or no?   > How can I ... take President Trump seriously  Because it seems that you are not opposed to anything that Trump does.  Ok!!!!! Tell me of something that Trump did that you do agree to or do not like. Let's go this route!


this sounds like a course question lol. There are plenty of ways, don't think too deep into it as a question. e-mail, bulletin boards, physical mail, cloud computing/storage and the internet in general has changed the way documents are distributed and obtained.


You said the hold would last a week. That's your answer. No you can't spend it again until the hold clears.


You could look into refinancing with a bank or credit union.  But to weed out options quickly, use a service like LendingTree, which can vet multiple options for you a whole lot more quickly than you could probably do yourself.  (I don't work for, or get any benefit from LendingTree.)  Whatever you do, try to do all the applying within a short span of time, as to not negatively affect your credit score (read here) by creating extraneous inquiries.   Then again, if your credit sucks, you might not qualify for a re-fi.  If you are turned down, make your payments on time for six months or so, and try again.


I don't see how Paypal can stop you from transferring USD funds from your paypal account to a USD account held with a bank. Just tell them to do the transfer to your account. The issue could be around USD onshore / offshore regulation. Is the US government preventing EU citizens from taking USD income offshore? If that's the case then you need a correspondent bank. So in other words, like using your friend. But what you can do is ask your bank who is their correspondent bank in the US, and whether they have the license required to transfer USD funds offshore. So you shift the regulation issues to your bank, and then you have to accept your bank's exchange rate - which is going to be better than paypal, who charges too much for FX transactions.


Technically you should take the quarterly dividend yield as a fraction, add one, take the cube root, and subtract one (and then multiple by the stock price, if you want a dollar amount per share rather than a rate).  This is to account for the fact that you could have re-invested the monthly dividends and earned dividends on that reinvestment. However, the difference between this and just dividing by three is going to be negligible over the range of dividend rates that are realistically paid out by ordinary stocks.


I think the point is that the rest of the public is basically subsidizing their payroll.  Wal-mart could afford to pay workers what the workers make up for in food stamps, but they don't.   What sources of income you have is less important than the total balance, so as long as it's enough to get by it keeps people from taking to the streets and demanding more.


I would also consider the following factors: How stable is your income?  Are you in an industry that could vanish in the near future?  How long would it take you to replace this income?  If you are at risk, then you need to consider that your lenders do not care how fast you've paid down your debt.  All the care about is that you make next month's payment.  You need to have liquid reserves available to weather any storm. (current wisdom is 3-6 months expenses).  It may be prudent to put this money in GICs or T-bills.  There may be an early withdrawal penalty, but at least you won't lose your house. (obviously, this isn't as important when you can actually retire all debt) What's your debt level?  If it's more than 3x income, then reducing that number might be the most prudent. On another note, what is your expected retirement income?  IRAs defer the tax to a later year. BUT, if you expect a great pension, it is feasible that you might be in a higher tax bracket on retirement (when you withdraw the funds) than you are now -- A situation that makes Indexed Retirement planning counterproductive. (Rich people don't buy IRAs)


If you can afford to max out an HSA and cover out of pocket expenses without withdrawing from it, it makes sense to do so.  It might sound initially risky to tie too much money to healthcare expenses, perhaps you'll enjoy exceptional health and not need those funds. However, the annual contribution limit ($3,350/year for an individual) is low enough that it's unlikely you'd overfund your HSA, but even if you didn't need it all for healthcare, after 65 you can withdraw HSA funds without the 20% withdrawal penalty that you're hit with if under 65, so best case it's tax-free, worst-case it's like an IRA.  From a tax perspective, your contributions are a tax-deduction like a traditional IRA, there's no tax on the gains, and you withdraw it tax-free as well, so long as you have healthcare expenses. The tricky bit is you can get reimbursed for your expenses at any time. If you pay out of pocket now, in 20 years you can get a reimbursement from your HSA: From HSA Bank's FAQ Can I use my tax-free HSA savings to pay for — or reimburse myself for   — IRS-qualified medical expenses from a previous year?    Yes, as long as   the IRS-qualified medical expenses were incurred after your HSA was   established, you can pay them or reimburse yourself with HSA funds at   any time. Just be sure to keep sufficient records to show that these   expenses were not previously paid for by another source or taken as an   itemized deduction in any prior tax year.


Much like everyone else in 2011 I almost invested $100 in bitcoin and was almost going to go all in as I had $1000 cash on hand. Not sure if I would've sat on it as my bank account is a rollercoaster. Kinda cool that that mindest almost netted me 400,000-4,000,000 USD.    Edit: I'm now in my early twenties lol would have been cool


"A lot bothers me about this article - numbers and claims that don't seem right...  http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbbl_a.htm - 10% increase in US oil production over 5 years... Not a ""dramatic"" increase in production.  Peace in the middle east? Err, yeah... Slowdown in growth in China? Sure - only 8.1% GDP growth in Q12012, that doesn't mean demand will suddenly decline, just that it won't go up quite as quickly (http://money.cnn.com/2012/04/12/news/economy/china-gdp/index.htm)  Lots of other little things as well, but the summary is that I don't think we'll be seeing $2 gas anytime soon."


"See my comment below about the official exchange rate. There is no ""official"" exchange rate to apply as far as I'm aware.   However the bank is already applying the same exchange rate you can   find in the forex markets. They are simply applying a spread (meaning   they will add some amount to the exchange rate whichever way you are   exchanging currency). You will almost certainly not find a bank that   doesn't apply a spread. Of course, their spread might be large, so   that's why it is good to compare rates. By the way, 5 GBP/month seems   reasonable for a foreign currency (or any) acct. The transaction fees   might be cheaper in a different ""package"" so check. You should consider trying PayPal. Their spread is quite small - and publicly disclosed - and their per-transaction fees are very low. Of course, this is not a bank account. But you can easily connect it to your bank account and transfer the money between accounts quickly. They also offer free foreign currency accounts that you can basically open and close in a click. Transfers are instantaneous. I am based in Germany but I haven't had a problem with clients from various English-speaking countries using PayPal. They actually seem to prefer it in many instances."


Vacuum pumps are used in many industries throughout the world. At BHO VAC, we offer exceptionally lightweight and quality Vacuum pumps which could prove to be extremely durable, efficient and can deliver maximum performance. We assure of flawless repair and maintenance.


That's a simplified, layman's argument that you have minunderstood. Inflation has nothing to do with prices of goods, but rather the purchasing power of the money itself. It sounds like the same thing, but the subtle difference is crucial to understanding monetary policy.   Look at the counterexample: in places with super high inflation, like Venezuela, people spend their entire paycheck the minute they get it, because it's value is declining.    If you don't know that gasoline is an inelastic product, I really can't help you without devoting significant amounts of time to helping you understand a subject that is frequently counterintuitive and hard to understand. You should probably take an economics class. It's fascinating stuff.   Suffice to say, literally everyone who studies this stuff agrees that a small amount of controlled inflation is beneficial to keeping money moving rapidly around the economy, spurring growth and activity in production of goods and services. High inflation is very bad. Hyperinflation is worse. Deflation is the worst, though it sounds great to people who don't know what they are talking about.   Econ 101. Take it. Love it.


"> Plus, there are already so many other options. Chevy Bolt, BMW i3, Focus Electric, Hyundai IONIQ, Soul EV, Mitsubishi i-MiEV, Nissan Leaf, VW e-Golf to name a few.  Only one of those vehicles have a range above 150mi.   How environmentally unfriendly do you think making batteries is? Versus environmentally unfriendly oil production? Also, do you factor in the fact that batteries, though not environmentally ""perfect"", can be recharged with renewable methods like solar power? Oil production is ongoing."


"You answered your own question ""whether someone buys is a different thing"". You can ask any price that you want. (Or given an electronic brokerage, you can enter the highest value that the system was designed to accept.) The market (demand) will determine whether anyone will buy at the price you are asking. A better strategy if you want to make an unreasonable amount of money is to put in a buy order at an unreasonably low price and hope a glitch causes a flash crash and allows you to purchase at that price. There may be rules that unravel your purchase after the fact, but it has a better chance of succeeding than trying to sell at an unreasonably high price."


"If I understand right, you're asking whether it's better to withdraw a currency that is more valuable or less valuable, in currency units, than your home country's currency.  That is, using your examples, you're asking whether it's better to withdraw euros when the euro is worth more than the Pakistani rupee, or when the euro is worth less. The answer is that it doesn't matter.  What matters is whether the euro is worth more Pakistani rupees than it will be worth later.  For instance, suppose that the exchange rate today is such that you can buy 115 PKR for 1 EUR, or equivalently, you can buy 1 EUR for 115 PKR.  (Realistically the rates would be different due to conversion fees, but I'll keep it this way for simplicitly.)  If tomorrow the exchange rate changes so that you need 120 PKR to buy 1 EUR, then you have to spend more rupees to buy a euro, so this is bad for you; it would have been better to buy earlier (when it was only 115 PKR for a euro).  If on the other hand the exchange rate shfits the other way, so that you only need 110 PKR to buy a euro, then this benefits you. because you are spending less than you would have if you had bought earlier.  So, in these terms, you want to change rupees into euros when one euro is worth fewer rupees (and you want to change euros into rupees when one euro is worth more rupees). It doesn't matter how many PKR you spend for a Euro in raw numbers.  All that matters is, are you spending more for that one Euro than you would have spent had you bought earlier or later?  Indeed, for your specific example, it is unlikely that one Pakistanee rupee will be worth more than one Euro in the foreseeable future; as far as I can see, the Euro has never been worth less than about 50 rupees. In practice, of course, it's hard to know whether the current rate is ""good"".  You can't easily know how currency rates will change in the future.  If you are just visiting for a short period of time, it probably doesn't make sense to worry about the exchange rates.  Just take out as much money as you need when you need it.  You're just as likely to lose money as to save money if you try to game the exchange rates.  If you're staying in a place for a longer period of time, it might be worth pulling a bit extra out at a time when the rate is especially favorable, but you're still unlikely to see major savings in the long run."


If you are looking for a professional firm to represent you in an honest, legal, comprehensive, and timely fashion, where customer service and support is second to none, then you owe it yourself to have us here at Legacy Legal Services handle your credit issues.


"It's only a ""loss"" if you believe the purpose of indexes is to represent the basket of underlying companies with the highest returns.  But that's simply not true.  An index is just a rules-based way to track/measure a thing.  That thing could be the largest US companies, all the companies in a specific sector, all of the companies in the world, a commodity or basket of commodities... Pretty much anything.  Somebody just has to write down the explanation of what an index tracks, then create ETFs to track the index.  By being a ""passive investor"" you are still making active investing decisions to some degree, in that you need to decide which indexes to passively invest in.  If people are not going to attempt to understand the companies they invest in because they're almost certainly better off indexing (which is fine), then the responsibility must fall on someone to make decisions about what are the best rules for the indexes.  For most of the history of capital markets, good corporate governance has been enforced by shareholders.  If management did something bad, shareholders could vote to replace the Board of Directors and in general they had tools to hold management accountable.  Only in recent years, founders of companies like Google, Facebook, Snap, etc., have attempted to subvert this relationship (public shareholders give a company money, and in return the company must answer to the shareholders) and essentially take money for nothing.  So far (it's still a pretty short experiment) this has worked as long as the share price is going up, but what happens when it doesn't?  What happens when these companies screw up and stop performing well, and there's nothing shareholders can do about it?  Investors who intentionally own individual shares will have little to no leverage to demand change, and passive investors would be stuck with some of their money in these companies with terrible governance - and the precedent would only make dual-class and non-voting shares more attractive for future IPOs, making the problem more prevalent.  If you think it is in your best interest to own the entire S&P 500, *plus* Snap, then just do that.  For every dollar you invest into SPDR or something similar, allocate something like $0.01 into Snap.  It's that simple.  But don't make this out to be a story about how S&P is anti-free markets or doing a disservice to investors.  That's ridiculous.  If most Americans are just going to blindly put their retirement savings into index funds without bothering to understand them (again, which is fine) then somebody needs to make sure the companies in said indexes are good companies.  Historically, a company with zero corporate governance and entrenched management =/= a ""good company"".  S&P realized this and decided to set a good precedent for US equity markets rather than a very bad precedent.  You wanna buy shares with no voting rights?  Go for it.  But that should be your decision, not a default inclusion in major indexes."


Yes to all three. However,


Look, listen, I'm talking about **fraudsters**, people intentionally manufacturing fake payroll checks, not the companies themselves doing it. You're missing the point!  Making a check that looks legit is not hard, especially if the check itself is legit and the information on it is bogus.  There is a lot of exposure when you hand out a check to someone, corporate or otherwise. You need to carefully reconcile them against what the amount was supposed to be. If you ever lose any checks you have to get those numbers cancelled immediately. It's an enormous hassle.


The man is a master at branding. He may not have been able to launch so many products had he not been born into money, but plenty of people born into wealth do not develop even one skill of that sort.   That being said, clearly he's worse than terrible at everything else though.


"Definition: Fundamental analysis involves analyzing financial statements and health, management and competitive advantages, and competitors and markets. Books are a great way to learn fundamental analysis but can be time consuming for something that really isn't very difficult. So the internet might be a better way to get started. When using fundamental analysis all you are doing is trying to figure out how much a company is worth. The vocabulary and huge range of acronyms can be intimidating but really its a fairly simple task. You can use (investopedia) for definitions and simple examples when you do not fully understand something. IE: (PEG) You can search for definitions using the search bar on the top right (google also is a good source to look for additional definitions). I recommend starting out by doing an independent analysis on a well known name such as Proctor & Gamble or Mcdonald's. Then you can compare your analysis to a professionals and see how they stack up. Books and Resources: Getting Started in Fundamental Analysis Fundamental Analysis For Dummies Fundamental analysis Wiki What Is Fundamental Analysis? - Video tut from Investopedia Fundamental Analysis: Introduction Step by Step example of fundamental analysis - It's a pretty in depth forum post. Side Notes: Personally when I first began using fundamental analysis I found it difficult to understand why something is considered undervalued or overvalued. I couldn't figure out who was the ""authority"" on saying this. Well in short the ""authority"" basically is the market. You can say you believe XYZ is undervalued but you are only proven correct if the market agrees with you over long period of time. Some key facts you should know: Many times a stock can be ""broken"" for many reasons. The price can go far beyond what would be considered a ""normal valuation"" (this is considered a bubble, e.g. the tech bubble of 1999-2000). It can also go far below a ""normal valuation"". In most cases these types of valuations are short lived and in the end a stock should return to ""normal valuation"" or at least this is the theory behind fundamental analysis."


The mutual fund will price at day's end, while the ETF trades during the day, like a stock. If you decide at 10am, that some event will occur during the day that will send the market up, the ETF is preferable. Aside from that, the expenses are identical, a low .14%. No real difference especially in a Roth.


Things aren't really bad. 2008 was really bad. You're reading too much sensational shit. Consumer confidence is on the rise and QE is not a bad thing. If we hadn't acted as we did we would still be fighting the recession like the EU and Japan still are.


Depending what your timeframe preferences are, here are a couple of options: Stock indexes: as per Fool's investing guide, historically this had the highest return / risk ratio. On a 5-year horizont, with no extra work, this seems the best option. Premium bonds, similar to most cash ISAs currently available, have a rather rubbish ROI ATM (~3-5% AER at max) Invest it into yourself, in the form of personal development, classes & courses, or starting a business. Disadvantage: this also will carry an opportunity cost in the form of your time. On a longer timeline, however, if this improves your market value only by 1%, that pays extreme dividends over the rest of your carrier. With a single grand at hand, I'd definitely recommend going for option 3 -considering yourself as an investing vehicle, and ask yourself: how can you best improve stakeholder value?  You'd be surprised at the kind of results a single grand can make.


**Advocacy group**  Advocacy groups (also known as pressure groups, lobby groups, campaign groups, interest groups, or special interest groups) use various forms of advocacy in order to influence public opinion and/or policy. They have played and continue to play an important part in the development of political and social systems. Groups vary considerably in size, influence, and motive; some have wide-ranging long term social purposes, while others are focused on and are a response to an immediate issue or concern.  Motives for action may be based on a shared political, religious, moral, health or commercial position.  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/economy/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot) ^| [^Donate](https://www.reddit.com/r/WikiTextBot/wiki/donate)   ^] ^Downvote ^to ^remove ^| ^v0.28


In the UK if you come into the possession of the information in a way that isn't available to the general public that's insider trading. It even states this in section 7, and uses the example of if you observe something like a burning factory as a member of the public, that's not insider information as anyone could have seen it.   If you attended a meeting or somehow got hold of private information not yet made public, then it would be considered insider information.   Its possible the OP got this information through public observation but considering the nature of the information it's highly unlikely


"I have heard that I can give 10k as a gift in cash for my aunt to take   on the plane. Please don't, for her own safety. Don't know when was the last you've been to Russia, but that's not a place to walk around with $10K in cash in your pocket. For the rest, the 20k, I am not sure what is the best course of   action. Would something like Western Union, Paypal or Bank Wire Transfer be the best course of action?  Wire transfer would be the safest option. Would there be tax implications for me as well? Depends on where you are tax resident and where you are a citizen. Some countries have ""gift tax"", but most don't. If you're a US tax resident, then you're subject to US gift tax rules. Your gifts are taxable if they exceed $14K per year per person. So your $30K to your mom is taxable. But your $10K to your mom, $10K to your dad and $10K to your aunt is not. You cannot however control what they do with it."


Theres loads of information on the costs of regulation to smaller businesses and larger corporations and the adverse affects its had on their ability to either go public or stay private. We learned boat loads about it this past year in my undergraduate course so I'm sure you could find quite a bit.


As a 24 year old, single,your needs for insurance are minimal. Why you might consider it are for these reasons. You are young, so it will be cheaper than buying say at 34. Insurance is always on sale. Two, there is no guarantee that your health will always be good, you may have to pay additional premiums later or even be refused coverage. Ask me, I pay 70% more than others my age for the same coverage.  Three, insurance ownership with equity values can grow tax free as you accumulate the monies. Consider it like a bond portfolio offering guaranteed returns on portions of the growth, and a long term return of 5.5% or slighly more. Four, stating sooner versus later means more cash buildup. Just like being in a pension will generate more cash for you by age 65, than if you had started at age 34. Insurance is only one tool in getting a good start. It is not a panacea.


I recommend that you first try to use your card at a store in your home country, just to make sure that the point-of-sale features are enabled.  After you've verified that, you need to contact your bank and ask them if the card will work in both ATMs and in stores in the U.S.  They may need to enable it to work in another country.  If you are going to be living in the U.S. for a while, you should consider opening an American bank account after you get there. If you don't want a credit card, you should be able to get a debit card here.


"Look at the previous owner and the maintenance records they have for the car. Someone who has regularly serviced the car (and I mean more than just an oil change, preferably maintenance history from a reputable garage or main dealer[1]) and hasn't skimped on it. Also, keep in mind that the newer the car, the more electronic components they have that can go expensively wrong, especially if you fall prey to a garage whose method for debugging electronics is to throw components at the car for a grand a pop. I tend to look for the following (but I am a bit ""special"" when it comes to buying vehicles): And don't forget the golden rules of car buying: [1] Unfortunately that might not be one and the same place"


Personally the main disadvantages are perpetuation of the credit referencing system, which is massively abused and woefully under regulated, and encouraging people to think that it's ok to buy things you don't have the money to buy (either save up or question price/necessity).


The dollar is the reserve currency of choice because the full faith and credit of the US is big, liquid, and stable compared to any currently-available alternative.   The Euro and Yuan are big enough to displace the dollar (and maybe the Yen), but any fears about the dollar being subject to fickle whims of politics and policy are significantly worse with those options.


Let's say I have a large company with a sub-unit which accounts for 40% of their revenues. The company is traded at a foreign stock exchange, but have the sub-unit that is located domestically. The beta of the company can be easily found online or calculated manually. How do I determine the beta of a sub-unit of a multinational company?


Steve Keen says otherwise, he says Banks CAN create a Quadrillion dollars, as long as there are willing borrowers.  :  http://www.youtube.com/watch?v=zc_fpGfyqGE.  http://www.youtube.com/watch?v=4sSfPkIUHPk&feature=share  why does m2 seem like exponential?  how can fractional reserve do something like that?  unpossible.   seems like only an explosive growth in either productivity or profits through slave labor globalization or speculative derivatives can do something like that.


Here's a start at a high level: I have a few friends who have made a killing on GLD, and write options to make money off of the investment without incurring the capital gains penalties for selling. That's a little out of my comfort zone though.


"especially considering it has a mortgage on it (technically a home   equity loan on my primary residence). I'm not following. Does it have a mortgage on it, or your primary residence (a different property) was used as a security for the loan? If it is HELOC from a different property - then it is really your business what to do with it. You can spend it all on casinos in Vegas for all that the bank cares. Is this a complicated transaction? Any gotchas I should be aware of   before embarking on it? Obviously you should talk to an attorney and a tax adviser. But here's my two cents: Don't fall for the ""incorporate in Nevada/Delaware/Wyoming/Some other lie"" trap. You must register in the State where you live, and in the State where the property is. Incorporating in any other State will just add complexity and costs, and will not save you anything whatsoever. 2.1 State Taxes - some States tax LLCs. For example, in California you'll pay at least $800 a year just for the right of doing business. If you live in California or the property is in California - you will pay this if you decide to set up an LLC. 2.2 Income taxes - make sure to not elect to tax your LLC as a corporation. The default for LLC is ""disregarded"" status and it will be taxed for income tax purposes as your person. I.e.: IRS doesn't care and doesn't know about it (and most States, as well). If you actively select to tax it as a corporation (there's such an option) - it will cost you very dearly. So don't, and if someone suggest such a thing to you - run away from that person as fast as you can. Mortgages - it is very hard to get a mortgage when the property is under the LLC. If you already have a mortgage on that property (the property is the one securing the loan) - it may get called once you transfer it into LLC, since from bank's perspective that would be transferring ownership. Local taxes - transferring into LLC may trigger a new tax assessment. If you just bought the property - that will probably not matter much. If it appreciated - you may get hit with higher property taxes. There are also many little things - once you're a LLC and not individual you'll have to open a business bank account, will probably need a new insurance policy, etc etc. These don't add much to costs and are more of an occasional nuisance."


I'm a freelance programmer, reverse-engineer, and network engineer. I do quarterly 1099 filings using a cheap local accounting firm. I did them on my own at first; not that hard.. You deduct from sum the percentage for that earning-tier issued by the IRS.. $500.00 for writing algorithms on a timer? Yikes.. I did topcoder once but it didn't pay much then it was only good for portfolio.. No way I would race to do algorithms for third-world-rate capital..


>You need an outside party ref - govt. to set the rules and regulations.  Except that in your analogy, the rule book is written by the wealthier team, and the ref is paid for by the wealthier team, and for some damn reason, the wealthier team always wins. But there's a ref!!!


I'm a die-hard Tesla fan who doesn't yet own a model 3. I fully expect to pay at least $45 for the model 3 I would want. I'm not sure expectations have been tempered yet. How many people will be expecting all the bells and whistles for $35k minus the rebates? Even for just this next car release in a few weeks, their actual demand and production ability are volatile.


The difference is, outside of a small period in the 70s, this is the first time that events are converging that will very likely make it true. Short of the emergence of an industry that can economically support us for the next 20-30 years (which is essentially one part of what saved us during the 70s, with the computer revolution), the options that exist for Social Security are:  1. Increase benefits age. 2. Decrease payouts (either by nominally decreasing them, or de facto decreasing them by not keeping pace with inflation). 3. Print the money to pay back the IOUs that are the foundation of Social Security today (resulting in massively inflated money supply and lower purchasing power of the payouts).  So while it might be true that this was discussed, because of the massive size of the system and the economic might of the United States, there was never really a threat of it actively impacting a generation until now.  That aside, the Social Security argument was only one arm of the discussion. The Gen X generation, if the economy doesn't recover, is going to be the first generation to have to figure out what retirement means when your entire generation is lacking resources to support itself (compared against the WWI generation (savings, not possible now with inflation), the Greatest Generation (pensions, which are gone), and the Baby Boomers (401k and remnants of Social Security system)).


And apparently they have started investigating, and the organization that certified the farm as fair trade etc. has also started investigating. What more should Victoria's Secret do? I think this is a good story, since it shows that their CSR system has worked.  Buy more Victoria's Secret panties, I say.


The best rub on those (beyond the fact they attract children - and let's be honest, most adults - to finger-smear snot and germs all over them) is the fact that after you haven't seen your waiter / waitress more than maybe once during your stay, they (the tablets) prompt you for a FUCKING TIP.


Many, many good answers here, but I like this one:  One month's worth of expenses for each full percentage of unemployment.  Therefore, it would normally float between, say five months and ten months.  When the economy's hoppin' -- you have less to worry about.  When times are tough -- beef up that fund.


I'm not surprised after shopping there.  The items don't feel like they are of any higher quality than say Adidas or Nike, and they feel really overpriced.    I didn't think the styles were great in terms of looks, and the clothes didn't seem to fit well for me(wider and loose).  If it wasn't for a gift card and a 40 off 100 code, I would never have bought anything.


Your plan isn't bad, but it probably isn't worth the cost for the small amount of credit building it will achieve. If you do decide to continue with it though, you'll save in interest if you make the big payment now rather than in 6 months. In other words, you can take the minimum payment, multiply it by 5, subtract that amount from the total you owe and pay the difference immediately. This way you'll still get the 6 months of reporting to the credit bureaus, but you'll pay less interest since you'll have less principle each month. I would recommend applying for the credit card right now. I believe you'll probably get approved now. If you do, then pay off the car loan without thinking about it. (If you don't get approved, think about it, then probably still pay it off.) Regarding the full coverage insurance, even after the loan is paid off and you aren't required to have it, you may still want to keep it. Even if you're the best driver on earth, if someone hits you and doesn't have insurance, or they have insurance and drive off, or a deer runs in front of you, etc, you'll lose your car and won't be reimbursed. Also, as Russell pointed out in the comments below, without collision coverage your insurance company has no incentive to work on your behalf when someone else hits you, so even if it's not your fault you may still not get reimbursed. So, I wouldn't pass on the full coverage unless your car isn't worth very much or you can stomach losing it if something happens. Good luck, and congrats on being able to pay for a car in full at 19 years old.


Using any simulator will never be exactly the same as real trading.  One reason is that a simulator will always execute your trades at the exact price you want, but that may not always happen in real life. For example, if you place a limit order to buy 1000 shares of a stock at 10.50, and the price drops down to exactly 10.50, then the simulator will execute your trade and you will have 1000 shares at 10.50.  But in real life, the price of the stock may drop to 10.50, but other people may have buy orders ahead of you.  If the price of the stock drops to 10.50 but then starts going up again, you may not get all the shares that you wanted (or you may not even get any shares at all) due to the fact that people were ahead of you. In real trading there is also slippage, which you don't see in a simulator.  For example, if you have a stop order to sell 1000 shares of a stock if it drops to 7.50, then the simulator will sell all 1000 shares at 7.50 if the price drops to 7.50.  But in real trading, if the price drops to 7.50, then you may not be able to sell all 1000 shares at 7.50 if there's not enough liquidity or the market is moving very fast.  You may end up selling 100 shares at 7.50, 100 shares at 7.49, 100 shares at 7.48, 50 shares at 7.47, 50 shares at 7.46, 200 shares at 7.45, and 400 shares at 7.44. Another thing is that you don't experience the emotional aspect of trading with a simulator.  If you buy a stock in a simulator and it goes down, it's not real money, so you may be more willing to hold it and wait for it to come back up.  But if you are trading real money and the stock goes down, you may not be so willing to hold if it goes down.  You may be more apt to sell the stock for a small loss before the loss gets too big.


well, maybe consider that english isn’t my first language and a message from a former customer in any form pointing out why ones competitor is make huge leaps should make them think.    edit: I just read it again, it was also auto corrected into a bunch of garbage. thanks for pointing that out captain grammar nazi.


I heard from someone that since my friends are moving money to my account, I'm liable to be taxed by the IRS  Not completely true. If there are large deposits in your account, you may be asked for clarification from IRS. If there is a reasonable justification; in your case the agreement that you are sharing the apartment, the lease deed has all the 3 names, there is explicit mention in lease about how funds are transferred. Note at times the audit maybe in future for quite a bit of past. Hence you would need to keep the record for quite some time. Alternative arrangements like opening a joint account and making payments from that account may make it easier from record keeping point of view.


The issue only arises when the investments grow in size.  A small amount won't trigger the higher tax rates. If the amount is large enough, then consider using either: Insurance products that are 'segregated', or RRSPs in your own name after your business pays you wages, or Gifting to other family members.


I elected to use an income-based repayment plan, which reduced most payments to $0 so I can focus on them one at a time.


That's an important number when considering rent vs home ownership. If you own a home, you are much less likely to move for a better job, because of all the material and emotional investment into the house. So that 50% of salary difference (about $2000 a month if we take average salary of $48k), should be added to the monthly mortgage bill when comparing it to the rent.


As far as I know there is no legal or tax implication to you gifting money to your partner for her to save in a H2B ISA, or for any other purpose. You are also wrong when you say that you cannot withdraw money from the accounts - you can.  Of course you probably won't want to because withdrawing money for any other purpose means losing the government bonus, but if you really needed to you could. An H2B ISA counts as a cash ISA so you are free to use the balance of your allowance in a S&S ISA, and presumably an Innovative Finance ISA (official name for the P2P ISA) when they become available.


"When Laurence Olivier took the role of Douglas Macarthur in the Unification Church's filming of Inchon, he told the press, ""People ask me why I'm playing in this picture. The answer is simple: Money, dear boy."" Banking systems are typically decades old and subject to innumerable legal and technical restrictions. Moving money more quickly from one client's account to another would definitely be in the clients' interest, but"


well, our disagreement is regarding my use of the word confiscate  I feel government took my hard earned tax dollars to fund their agenda of EV promotion.  I don't want government picking winners/losers and I don't agree with **my money** wasted/destroyed on crony capitalism


Generally when items go to collection you will receive a letter in the mail not an email. You can try to dispute the charge with the credit companies (TransUnion, Equifax, and Experian) showing that the charge came after you left the country. Like the answer above me said, disputing it may cause the 7 year clock to restart which leaves it on your account longer. It may just be simpler to try to improve your credit score instead. You can check your credit score as often as you want using Credit Karma online or on your phone.


Finance and accounting go together like peanut butter and jelly. Having said that, you really should (read: need [to]) determine what part of finance you're interested in, because that's the only way to give you an informed answer as to whether you should pursue a CPA / CFA / MBA.  With all of that in mind, your post -- in my opinion -- really comes across as you sounding like you don't want to put in the work to pass the CPA. If that's the case, finance is *really* not the field you want to be in.  Lastly, experience is not a substitute for having your CPA license, but rather a compliment.


I am just an undergrad, but I will try to answer as best I can.  As mentioned in the other thread you posted, you should study for, and take, the CFA level one exam in December. This will give you some perspective as opposed to simply reading some articles online which talk about the day to day duties and earning potential, which I assume is where your real interest comes from. It's easy to be interested when you love a subject. It's not hard to be interested when your big paycheck on Friday depends on it. It's very hard to be interested when your first paycheck is two years away.  Yes, an MBA is marketable. Yes they have higher earning potential than a school counselor, **in a vacuum**. It really depends on you. The degree does not make the career and I know a few MBAs with sad careers.  I would do the CFA first and learn as much as you can about the industry, including meeting with people in various roles and asking as many questions as you can, before committing to anything, especially a costly MBA. You are 26, you have time. Not a lot of time, since I believe there is a definite preference for young, malleable, recruits, but some time. Consider it one big research project.


For most people there is zero difference between tagging and folders, except in GMail the same email can be in multiple folders. I don't even bother mentioning it any more.  The real bonus of Gmail over Hotmail is the spam filter is better.


"While you'd need to pay tax if you realized a capital gain on the sale of your car, you generally can't deduct any loss arising from the sale of ""personal use property"". Cars are personal use property. Refer to Canada Revenue Agency – Personal-use property losses.  Quote: [...] if you have a capital loss, you usually cannot deduct that   loss when you calculate your income for the year. In addition, you   cannot use the loss to decrease capital gains on other personal-use   property. This is because if a property depreciates through personal   use, the resulting loss on its disposition is a personal expense. There are some exceptions. Read up at the source links."


You could take on more work. Pizza delivery, lawn work, babysitting, housecleaning, etc. None of those are much fun, but all are better than opening a credit card bill.


"Whether or not I'm an alleged ""right winger"" doesn't change the fact that you resort to petty insults, and then feel no shame when called out on it. That just goes to show what kind of person you really are."


"It is and certainly will continue to drive up real estate (and, more generally, housing) prices in large cities. However, ""bubble"" implies an undeserved/irrational increase. I would argue that it is not; people (especially, but not only, millennials) do want live in large, vibrant cities where high-paying jobs exist. And indeed this rise in housing prices drives employers to raise wages. At first glance, this would suggest a vicious cycle, but I believe it is self-regulating. The real danger is economic-geographic stratification; only the richest, highest-skilled will be able to afford living in cities."


Doesn't surprise me :-  * a ton of reality TV , much of it low quality and booring .  * a dearth of quality creativity - not much decent new series etc. .  * a lot of sequels and remakes - not much originals .  * a lot of poor quality news and poor quality journalism .  * a lot of people pushing personal , political and commercial agendas . A general lack of professionalism and objectivity .   * an overall lack of quality . Basically the choice is between a few channels of crap and a ton of channels of crap .  Most of the time I'm reading the Internet rather than watching the TV .


Theft of what? ive never taken a penny of your money. My suggestion, if implemented would save tax money and t would esppecially save people the thousands of dollars they often must pay for private insurance that gets worse and worse.  Tell me, do you also want to privatize the post office?


"?  I hear the exact opposite -- that Zynga is basically a slave farm which works their employees to death.  No, really.  I asked a gathering at my company ""What's the worst place to work at in the Valley"" and Zynga came up.  This was, like, last month."


"That sounds about right. However, and this is just a quibble, it's not 90m notional of swap, or at least I've not heard it expressed quite that way for a total return instrument... generally I hear the word exposure, in this case the # of ""shares"" purchased at a specific index level. So 90mm exposure in S&P 500 at today's closing price is: 90,000,000 / 2411.8 = a swap on 37, 317 shares.  If you want to maintain the 90mm exposure month to month, you will structure the instrument with a ""variable notional"". At each reset, the swap's # of shares will vary inversely with the index level to maintain the 90mm exposure.  You rightly point out that the financing is based on the 90mm figure.  As a final note, the dealer may also guarantee some profit by quoting a spread between the swap's initial index levels, depending on whether the portfolio wants to go long or short the index."


Thank you so much for this valuable info.  Really love reddit for these personal answers, I wish I could talk to you all on the phone :D   I'll spell out my situation a little more clearly, maybe you'll be able to direct me the right way.  Graduated with an average GPA, business admin. I want to continue this path towards finance and I've been told by a few people the best thing to do is get an i banking job, then figure out what I really want to do in life (this way I have a solid resume).    Been trying to leverage my puny network and I've been unsuccessful in getting a job, though I've paid for many lunches :\ Basically, I want to show I am smart and capable because the last thing employers have to go on is my gpa.  Could there be a better solution?


>According to a Journal Sentinel article, financial incentives for Foxconn are expected to well-exceed $1 billion via a combination of local, state and federal incentives. According to their calculations, if the deal cost $1 billion and the company created 10,000 jobs, the government would spend $100,000 per job.  i wish the jobs were for real.  aren't these kind of jobs vulnerable to automation in the very short term future?


Good answer, I'm painfully aware of how much money that is for how long, but I think we're getting the runaround here. We're going to find a way to reduce that rate and increase our down payment. It's the only way I see of getting myself into a house


Presumably, the inverse of the advantages? You are guaranteed the interest rate that is written on your mortgage commitment as long as the first draw happens before the rate hold expiry date (typically 120 days from application date). In most cases, it takes at least 6 months or more to build a home from the ground up. That means that you are taking a chance at what the interest rates and qualifying criteria will be several months down the road. You can normally only lock in 120 days prior to possession with a 'Completion Mortgage'. Lenders are constantly changing their guidelines and rates are predicted to increase over the coming months. That means you are much better to obtain draw mortgage financing to avoid any of these uncertainties. You will know that you have your financing in place right away before construction even starts. This is a huge peace of mind so you can relax and get ready for the big move. So thus, if interest rates are lower 6 months or a year from now, that'd be the disadvantage -- a longer lock-in period.


I'm not a lawyer and someone more knowledgeable than I will probably respond to this inquiry.  I worked with nonprofits for years however.  My suggestion would be that the Board would have a resolution allowing the Director to approve any contract below a certain dollar amount.


Well, yes.  They aren't jailbreaking peoples phones in China either.  This is about providing a platform for people to download software that can add an extra layer of security.  They didn't remove anything from their phone's innate capabilities nor did they invade people using the phones privacy.  They just removed a banned item from the store.  If they break open someone's phone at the behest of the Chinese government, then I think there is cause for backlash.


If you're planning to walk away from the house - don't invest any more money in it. Just be aware of the consequences. It may be worth considering a short sale if both the lenders will agree to erase the debt. If you're going to keep the house, then the fact that you're underwater now is irrelevant, and you should do your best to reduce the burden by paying off the higher rate loan. But, I personally think that accumulating enough cash to make you comfortable in case of a job loss for several months is a higher priority.


You can definitely affect the price - putting in a buy increases the demand for the stock, causing a permanent price move.  Also if you hammer the market trying to execute too quickly you can hit offers that are out of the money and move the price temporarily before it stabilizes to its new equilibrium.   True, as an individual investor your trades will be negligible in size and the effect will be nonexistent. But if you are a hedge fund putting in a buy for 5% of dtv,  you can have a price impact. not 50%, but at least a handful of bps.


I used to be a trader at a desk that sold delta-one derivatives on listed indices (think swaps, ETFs). There is a LOT to do:   buy/ sell stocks according to redemptions or new orders; manage the currency exposure; indices rebalance their composition everyday based on stock corporate actions, dividends and index reviews - you need to be aware of each and everyone and rebalance your portfolio to account for it; manage your inventory to get the best repo rates possible; trade single stock swaps with foreign counterparties to get access to better tax rates on dividends; when you have a big order where certain stock orders may not get filled - you have to create a strategy for managing that risk; sometimes you hedge your positions using futures that expire every three months in which case you need to figure out the best times to roll your expiring futures; i could go on and on.  Basically, since the profit margins are so low, the market so competitive for such vanilla products, and the volumes so high, you have to really make your processes super efficient and error-proof. Trust me, there is a lot to be done!


You submitted a claim for damage to the deck. The insurance company notified the mortgage company. Now the mortgage company wants to make sure that the collateral for the loan is still in good condition. They want you to make the repairs that you insisted needed to be done. They may even require you to use a licensed contractor before releasing the funds. Once you own the house without a mortgage, then you can decide for yourself if minor repairs need to be done.


"And you think they do this out of the goodness of their hearts, or because it maximizes their appeal to a niche audience with lots of disposable income and higher proportional spending on luxury food and drink items? Do you honestly believe that anything in a Whole Foods isn't proven to be helpful in selling products? Look at how fervently you jumped forth to inform me of how polluted that other meat is- do you ever wonder if maybe that passion is appealed to and marketer towards by businesses, and as such, there exists a profit incentive to make ""organic, pure"" foods as attractive as possible to consumers?    To claim Whole Foods is somehow less consumerist than any other retail chain is absurd. It is the most modern contrivance possible- a result of years of manipulation of public opinion through advertising about the *quality* of your food, based around fearmongering about unknown chemicals and ethical questions about livestock care."


The money that you have under your control (e.g. in bank accounts, savings accounts, taxable investments, etc) is your money and there is no tax of any kind (either in India or in US) that needs to be paid when the money is transferred to India. As Dheer's answer says, you need to transfer all these monies within 7 years as per Indian tax law. For your 401(k) account, assuming that all the money is tax-deferred (i.e. you contributed to a regular 401(k) and not a Roth 401(k)), you will have separated from service as far as US tax law is concerned. So, check if it is at all possible to roll over the money into a similar scheme in India, specifically the Employees Provident Fund. Wikipedia says The schemes covers both Indian and international workers (for countries with which bilateral agreements have been signed; 14 such social security agreements are active). and so a rollover might be possible. If not, you could withdraw small amounts each year and avoid US income tax (but not the 10% excise tax), but how long you can continue holding 401(k) assets after return to India and whether that is long enough to drain the 401(k) are things that you need to find out.


You can't write exempt because according to the instructions on the W-4 I claim exemption from withholding for 2015, and I certify that I meet   both of the following conditions for exemption. You don't meet the second condition. But you can increase the number of allowance to reduce the amount of taxes. Just make sure you put enough money aside into a savings account so that you can pay the taxes in the spring.


>All tax is income tax, as if you haven't got the income, you can't pay it.    This is a pretty apt simplification. I find that most land value tax advocates are either trying to engineer the demographics of property ownership or spiteful against people who own more than they themselves do.


In Singapore, this is sufficiently common that the Singapore IRS has a page on their website dedicated to informing employers of how to properly pay this under Responsibilites of an Employer.   Specifically, tax paid by employer is taxable income for the employee (as it's really the employee's responsibility), so they must pay tax for that tax.  A tax-on-tax is computed for the tax paid, which also would be owed by the employer if they were paying the full tax rate for the employee. As a clarification, this is not the employer being truly responsible for the employee's income; this is the employer compensating the employee further to offset their taxable income.  This is effectively a fringe benefit, although it may be particularly useful in countries where either tax evasion is common (and thus an employer must compete with employers willing to pay under the table) or where employers are competing with others in nearby countries with lower tax rates.  It is not the same thing as the employer making your income nontaxable, though, and has implications for your tax filing. Significantly, it is likely that if you have additional income beyond income from that employer, it is likely to be taxed at your highest tax rate, as the employer will likely calculate the tax due based on their income being the only income you have in that year. *Edit based on emphasis in question: I'm not from Singapore nor am I a lawyer, but based on my reading of the IRAS website, it looks like you do not have to file if you have no other source of income, because they have a No-Filing Service which takes income information from your employer automatically and generates a tax bill, which presumably would be fully paid in your case.  This only aplies if you have no other sources of income, however; you still have to file if you have other sources of income since your employer would not know about them. If you are eligible for this service, you should get a letter informing you as such.  They also have a tool to check your filing status on their website.


For larger items such as cars this is certainly possible; I've donated a car before (in Canada) and got a tax receipt that was probably worth more than I would have got from a dealer for the car. However with donations of this kind there are two obstacles: Two other options for you to consider. Most medium towns have used book shops which you can sell them to. If the used book shops don't want them then your books really aren't worth enough to be worrying about, in which case see option two: give the books to a charity or thrift shop and don't worry about the receipt. Sometimes a nice feeling is the best return you will get.


Yes, this is a scam. Tell your dad not to pay any money.  There will likely be a large deposit in his account, but if he withdraws the money from his account, the bank will come after him looking for the money when the transfer to his account is reversed.


To clarify something: FB did not inflate their share price, Morgan Stanley did.  Every company on the IPO wants a billion dollars a share, but thats not possible so they take what the market will give them, FB played their cards right. MS didn't disclose that their analysts (not auditors) changed their minds.  For fun stuff: read up on ETF arbitrage with HFT, this kinda stuff happens everyday on a micro scale.


Does it make sense to report withheld tax income as an additional   income? Is it required by the IRS? Is $T deductible? This is what is called imputed income. The ticket is an income for you, but the company doesn't want you to pay tax on it. But you have to. But they want to be nice to you and give you the ticket on their buck. But that's the law. So what have the accountants invented? Imputed income. The company raises your salary in the amount of taxes paid (+some, but that's negligible), in addition to the actual ticket. So it seems, to you, that you got the ticket for free. The IRS doesn't see the ticket, it just sees that you got a $T+$X bonus and paid $T taxes. The fact that the $X you got in form of a ticket doesn't matter to them. Re your edit - you cannot deduct anything, since you can only deduct unreimbursed expenses, whereas $X is not at all an expense for you (you didn't buy that ticket, the company did), and $T is taxes, which are not deductible (its not an expense). In other words, had C not have been nice, I would be in a better   position! No. Your net pay shouldn't be affected, technically, so from your perspective you just got a plane ticket for free. Had C not been nice, you would still not be able to deduct the whole cost of $X, because unreimbursed employee expenses have a 2% AGI threshold.


It depends on the terms. Student loans are often very low interest loans which allow you to spread your costs of education over a long time without incurring too much interest. They are often government subsidized.  On the other hand, you often get better mortgage rates if you can bring a down payment for the house. Therefore, it might be more beneficial for you to use money for a down payment than paying off the student load.


"My master's thesis was on using genetic algorithms and candle stick method.  If you are familiar, the AI was used to answer questions like ""what is a long day"", which is not formally defined in most candle stick texts.   So in theory unlimited potential for learning including teaching machines to learn.  Wall street pays pretty well for such developers, and if you are young and single man Manhattan is pretty sweet place to be. In practicality your formula for building wealth is the same as everyone else's:  get out of debt, build an emergency fund, and invest.  Initially invest in growth stock mutual funds through a 401K (assuming US)."


Ask your bank to write a letter asserting that you have $xxxxx on deposit with them, on their letterhead? Though realistically, the chance of your getting hit with identity theft In this situation, when you presumably know exactly who you're dealing with, are vanishingly small.


It is true that operation profit comes from gross profit however it is possible for a company to have negative net profit yet have postive cash flow , it has to do with the accounting practice A possible example is that a company has extremely high depreciation expense of fixed asset hence net profit will be negative but cash flow will be positive. Assuming the fixed asset has been fully paid for in earlier years


You're lending the money to your business by paying for it directly.  The company accounts must reflect a credit (the amount you lend to it) and a debit (what it then puts that loan towards).   It's fairly normal for a small(ish) owner-driven company to reflect a large loan-account for the owners.  For example, if you have a room at home dedicated for the business it is impractical to pay rent directly via the company.  The rental agreement is probably in your name, you pay the rent, and you reconcile it with the company later. You could even charge your company (taxable) interest on this loan. When you draw down the loan from the company you reverse this, debit your loan account and credit the company (paying off the debt). As far as tracking that expenditure, simply handle those third-party invoices in the normal way and file them for reference.


Assuming you have a good head on your shoulders, start looking into organizations with missions that align with what you believe in. After you've found a couple that are within driving distance, reach out and volunteer to serve on a Board or two.   There are tons of non-profit, and for-profit, entities that cannot afford to pay a salary, or generally even a stipend, to the Board members. These organizations need good people to work on the Board for free and who aren't seeking a Board position to merely enhance their resume.


1. CFA isn't very cheap either. Do look at colleges like FMS and DFS amongst others that are run by the government universities. They are prestigious with good placement track records and charge peanuts as fees. 2. Like I mentioned earlier, it's not easy to get a job even when you have completed your CFA-L3. Indian market is highly competitive, - there are literally thousands of MBAs joining the workforce every year. 3. Are you very clear on what area of finance you want to get into. Because CFA is mainly directed towards equity research and asset pricing. 4. My suggestion would be to try and get a job straight away. CFA is something you can do along with a job as well (atleast L1 a d L2) and u can fund the programme with your salary.


no one said all stocks, but i would say that most stocks are way over valued. The charts look pretty damn ugly and are pointing towards a major correction, i.e. DOW 10,000 should be broken with some support found in the low 9,000.


"Disclaimer: This should go without saying, but this answer is definitely an opinion. (I'm pretty sure my current accountant would agree with this answer, and I'm also pretty sure that one of my past accountants would disagree.) When I started my own small business over 10 years ago I asked this very same question for pretty much every purchase I made that would be used by both the business and me personally. I was young(er) and naive then and I just assumed everything was deductible until my accountant could prove otherwise. At some point you need to come up with some rules of thumb to help make sense of it, or else you'll drive yourself and your accountant bonkers. Here is one of the rules I like to use in this scenario: If you never would have made the purchase for personal use, and if you   must purchase it for business use, and if using   it for personal use does not increase the expense to the business, it   can be fully deducted by the business even if you sometimes use it personally too. Here are some example implementations of this rule: Note about partial expenses: I didn't mention partial deductions above because I don't feel it applies when the criteria of my ""rule of thumb"" is met. Note that the IRS states: Personal versus Business Expenses Generally, you cannot deduct personal, living, or family expenses. However, if you have an expense for something that is used partly for business and partly for personal purposes, divide the total cost between the business and personal parts. You can deduct the business part. At first read that makes it sound like some of my examples above would need to be split into partial calulations, however, I think the key distinction is that you would never have made the purchase for personal use, and that the cost to the business does not increase because of allowing personal use. Partial deductions come into play when you have a shared car, or office, or something where the business cost is increased due to shared use. In general, I try to avoid anything that would be a partial expense, though I do allow my business to reimburse me for mileage when I lend it my personal car for business use."


"Clinical Pharmacist here, not talking out of my ass at all.   ""Opioid crisis"", you sound like you're just relaying what you read on CNN and snapchat stories. People addicted to opioids are miniscule compared to the number of people that it's helped. Fact.  I see people everyday on Fentanyl and Oxycodone and Hydrocodones. Once you see and realize the type of pain they are in, you understand that this class of medication may be one of the most important ones out there."


You can look at TIPS (which have some inflation protection built in). Generally short term bonds are better than long if you expect rates to rise soon. Other ways that you can protect yourself are to choose higher yield corporate bonds instead of government bonds, or to use foreign bonds. There are plenty of bond funds like Templeton Global or ETFs that offer such features. Find one that will work for you.


I agree. The CFA is nice for students who have the time to take the exam, because it could be a year or two before the start working, so it is a reasonable resume padder (especially if your major is engineer, science, or math and you want to do finance).  If you are trying to do a career change, it is important to know the material, because if you don't, then you can't do the job even if someone gives it to you. But passing the test isn't as important as actually applying to the jobs and networking.  I switched from engineering to finance (buyside equity analyst). Originally I planned to take the CFA exams to help me with my transition. But their new rule required a valid passport, and it takes a while to get one, so I missed the deadline for last December's exam. That turned out to be a good thing because I just started networking, cold calling/emailing, applying to jobs, etc and I got my current job. If I had actually decided to take the CFA, I would have wasted all my time preparing for the exam instead of trying to get the job. Potential employers know if you are good or not after talking to you for 15 minutes. It has nothing to do with being able to memorize a set of formulas, some the last name of some economists and their theories, some oscure accounting differences between GAAP and IFRS, etc. For me it was the fact that I invest my own money and that I am able to explain my own investments very intelligently (aka it needs to be a lot better than what you see on /r/investing).  If you know nothing about finance, studying the CFA material and then taking the exam is a good thing. You are going to be studying the material anyways if you are serious about a career change, so might as well take the exam afterwards and get a resume padder. I did end up taking the level 1 this month because my new employer paid for it. I don't think it adds any value once your foot is already in the door, especially since it takes 5 years of experience to get the charter (after that amount of time, it's all about job experience).


There's the [Home Planner for IKEA](https://play.google.com/store/apps/details?id=com.planner5d.swedishhomedesign) app that has been around for a couple of years or so now. I had it but had to delete it from my phone since it was taking up space and hogged too much RAM on my old phone. It's pretty fun, though!


Do you understand why private companies pay for their employees to travel in business or first class?  It's because coach class sucks.  Coach class gets you there, weary from the trip.  It's like taking a bus in a lot of ways.  Lots of inconveniences, crammed together with a bunch of people who, if they didn't come in stinking, will be smelly by the time you're at your destination.  Are you on a tight timetable?  Do you need to catch a red-eye to be somewhere else, and attend a meeting later that morning or afternoon, without time to freshen up?  Your associates will be grateful you took a better seat.  Is it worth it to the taxpayer to have their employees sharp and ready to work after the trip?  I think so.  It's not foolish for the public sector to invest in their employees, if we want capable public servants.  The cheapest option merely shifts the costs onto the employee, who will return the favor by not being able to do their best work.


">Everyone wants a solution, so I will provide one. The US government should simply cancel the $230 trillion in derivative bets, declaring them null and void.  I proposed this ages ago. I don't really see how they can be anything else BUT ""null & void"" -- I cannot fathom any court actually being capable of enforcement of these ""side bets"" -- and there are plenty of legal provisions (statutory and case law as well as common law principles) that could/would likely cause them to be unenforceable (not to mention bankruptcy proceedings and the fact that ""gambling"" has long been considered a prohibited/controlled if not criminal activity, and with only specific provisional exceptions being enforceable).  They are really just self-delusional fictions piled upon fictions -- like children playing and saying ""I'll bet you a bazillion dollars"" and then paying it off with ""kited check IOU's"" -- utter nonsense (and some day it WILL end)."


It depends how much risk you're prepared to accept. The short-term risk-free rate of return at present is something in the vicinity of 0.1% (three month US treasuries are currently yielding 0.08%), so anything paying a higher rate on money that's accessible quickly will involve some degree of risk -- the higher the rate then the higher the risk.


Last week, Barack Obama went to Osawatomie, Kansas, to kick off a more populist phase in his 2012 re-election bid. “This is a make-or-break moment for the middle class,” declared the US president, who chose the same venue that Teddy Roosevelt used in 1910 to call for a new progressive era. “I believe that this country succeeds when everyone gets a fair shot.”  Saying everyone should get a “fair shot” always makes political sense – particularly at a time when US income inequality rivals that of Mark Twain’s “Gilded Age”. But it might have been a stretch for Mr Obama to suggest the American middle class is facing a unique “make-or-break” moment. In reality, the labour force has been polarising for most of the past generation in a trend that has sharply accelerated since 2000.  America used to be exceptional. Postwar, it maintained lower unemployment than the Europeans and a higher rate of jobs turnover, enabling it to get away with more meagre benefits; “a fair day’s work for a fair day’s pay” was within the grasp of most. That gave America a booming middle class that until recently was the most important engine of global demand.  No longer. Today, somewhat remarkably, US joblessness is higher than in much of Europe. And the US consumer is mired in high personal debt. As the jobs crisis deepens, so too does US political polarisation. Allegations of “class warfare” are a staple of Washington debate. In contrast to the 1960s, dominated by protests for peace and civil rights, today’s battles are economic. Yet there are few signs that either policymakers or economists are closer to finding answers. Nothing Mr Obama has been able to accomplish since 2008 – including staving off a second Great Depression and pushing through an overhaul of the healthcare system – appears to have resolved that underlying structural challenge. Indeed, the signs are that the problem is intensifying. In the words of David Autor, a leading labour economist at Harvard University, the labour force is suffering from a growing “missing middle”.  In short, the middle-skilled jobs that once formed the ballast of the world’s wealthiest middle class are disappearing. They are being supplanted by relatively low-skilled (and low-paid) jobs that cannot be replaced either by new technology or by offshoring – such as home nursing and landscape gardening. Jobs are also being created for the highly skilled, notably in science, engineering and management. For the remainder of the workforce, including college graduates, it is both increasingly hard to find a secure job and tougher for those who do find jobs to be paid in line with inflation. Most people know that median US income has declined sharply since the late 1990s. Fewer are aware that real incomes also fell sharply in the same period for those with degrees. Only those with postgraduate qualifications, particularly PhDs, saw net gains (for some spectacular).  The jobs crisis has many worrying manifestations, of which three are worth highlighting. Perhaps the most troublesome is the waning dynamism of the market. People used to describe the US labour market as Schumpeterian, after the Austrian neoclassical economist who depicted the cycle of “creative destruction”. Jobs might be lost rapidly in a downturn but were swiftly reallocated to more productive sectors when economic growth resumed. That is not now the case.


If your employer does not offer contribution matching, and you don't like the range of investment options provided by the company 401k, then you probably are better off investing in your own IRA instead.  In an IRA held at a bank or brokerage, you can invest in multiple stocks or funds and move money around within the IRA pretty freely in most cases. If your company is doing well and is actually sharing profit into the 401k, you might consider leaving your 5% contribution to the 401k where it is and put the other 5% you are planning to contribute into a new IRA of your own.  This straddles the risk of you losing money if your company 401k tanks (or profit sharing dries up) and your missing out on profit sharing if it continues to pay well.


Running a fiscal deficit means a government is spending more money than it is taking in as taxes, fees, penalties, fines, etc, with the extra money that is being spent being borrowed by selling bonds to willing buyers.  Interest paid to said buyers is another government expense in future years, and of course, the bonds must ultimately be redeemed and the buyers paid off.  The buyers of the bonds must have some confidence that they will get the interest they have been promised as well as be paid off ultimately.  As the government's indebtedness increases, buyers are likely to demand higher interest rates as inducements to buy the bonds. And so it goes...


One of the byproducts of free trade is that there is now a global labor market. So companies routinely review their operations and think strategically about where the company is going. Standard options are: Because the disincentives that once existed in the past are gone (the need for humans to do work, tariffs, regulation, poor infrastructure in the developing world), the available supply of labor is greater and demand lower -- thus wages are falling in real terms. Think in the simplest terms in an office environment.  In 1980 to make photocopies, you needed a Xerox machine that required a technician on site every couple of weeks to make adjustments, change toner, etc. There was probably a local rep you called to schedule break/fix serivce. Now technology has replaced that copy machine with a cheap multi-function device that requires no maintenance and any technical support is delivered by a person sitting in a Indian call center. So to answer your question, the incremental money from rising prices goes to a number a places. Alot of it goes to oil producers and other commodity producers. Much of it consists of indirect costs that fulfill other mandated services -- when you buy something, buried in that cost are things like health insurance, prescription drugs and school taxes.


Most ETFs are index funds, meaning you get built in diversification so that any one stock going down won't hurt the overall performance much. You can also get essentially the same index funds by directly purchasing them from the mutual fund company. To buy an ETF you need a brokerage account and have to pay a transaction fee. Buying only $1000 at a time the broker transaction fee will eat too much of your money. You want to keep such fees way down below 0.1%. Pay attention to transaction fees and fund expense ratios.  Or buy an equivalent index fund directly from the mutual fund company. This generally costs nothing in transaction fees if you have at least the minimum account value built up. If you buy every month or two you are dollar cost averaging, no matter what kind of account you are using. Keep doing that, even if the market values are going down. (Especially if the market values are going down!)  If you can keep doing this then forget about certificates of deposit. At current rates you cannot build wealth with CDs.


What the fuck are you talking about? They amended their S-1 filing with the SEC. The revenue outlook was a matter of public record. It's not their fault that no one actually reads the filings. The purpose of the filings is to make such information public. It's the fault of stupid investors and incompetent analysts and journalists for not reading the fucking disclosure documents. Do you really expect them to go out of their way to announce negative data? Because that's crazy. They will do the bare minimum required by law. Smart people that read the disclosure documents then discuss this info. Dumb money just buys the hype. This was not a disclosure failure. All the info was there to be used.


Income and Capital are taxed separately in the uk.  You probably can't get dividends paid  gross even in ISA's you pay the basic rate of tax on dividends only higher rate tax payers get tax benefit from dividends. What you could do is invest in splits (Spilt capital investment trusts ) in the share class where all the return comes as capital and use up some of your yearly CGT allowance that way.


"> I don't think you realize how ignorant people can be. Nor how uneducated as to what options they have or more importantly who will pay for those options since they are probably just as broke as they were before the kid.  Haha, I'm well aware of how ignorant people can be. I went to a very poor school with bad education where the teachers mostly spent much of their time just trying to corral the class rather than actually teach. The kids still knew that fucking could lead to babies, they just didn't care because they also knew (or at least believed) that they could get welfare. Based on the hostility of your response I'm gonna guess that you probably wont believe me and will assume this is some sort of ""alt-right"" propaganda, but that doesn't change reality. People can be very very dumb, but they aren't that dumb.  > This isn't that point.  Right, so where do you draw the line?  > Not really a fair comparison, but no I don't think we should let you starve. Idiot or otherwise.  Oh, sweet. Well, in that case, if you could send me some money, that would be awesome. I've made some bad decisions in my past and I'm nowhere near the quality of life that I should be. I actually make less the Fran from the article. Ethereum will work for sake of ease. Here's a wallet you can send it to: 0x52f4688802548121e1e404c26ef0e3d8a2667223  > Prove it, name an example country that is now a devastated wasteland for providing decent wages alone.  OK, how about the United States. Poor people get a bad education and then many of them can't get a job because it's too expensive to hire them, especially when there are more qualified people available. They could have the opportunity to go work for a company for very cheap as an unskilled helper where they could learn skills on the job that will help them in the future, but it's illegal to pay them less than the minimum wage, so we had to set up an internship exclusion that will allow people to work for free (in exchange for those valuable skills) and is overwhelmingly college students. Now a poor person not only has to excel enough to get into college but they most likely will have to take out crazy loans just to get a foot in the door.  ""But wait, America hasn't been devastated!"" Oh, yes it has. We just keep getting more credit cards to pay off the old ones without actually producing anything, so it doesn't seem like it yet (depending on how you feel about income inequality). Eventually those other countries will realize that they can make products for their own people and they don't actually need us, then you will see the quality of life go up in China (If they don't squander it all lining the pockets of political party members). Without a minimum wage, we would have never lost those jobs in the first place (I know automation is taking over, so manufacturing jobs aren't coming back anyways, but this is what has lead to our crazy trade deficit).  > What policies would those be? I'm waiting for that ruined country.  You're waiting, huh? Forgive me for not replying to your comment before you posted it.  > Real world example or I am going to continue to assume you live in a alt-right fantasy.  Ah, there it is. Because I don't think that government programs work as well as a free market system that has vastly improved the quality of life of the average person over the past couple hundred years, I must be alt-right. You realize that basically means white nationalist right? You're essentially calling me a nazi because you disagree with me on economic policy.   ...maybe you do realize that. Sorry, you've got me questioning myself on how ignorant people can be."


Legally, do I have anything to worry about from having an incorrectly filed W-4? What you did wasn't criminal. When you submitted the form it was correct. Unfortunately as your situation changed you didn't adjust the form, that mistake does have consequences. Is there anything within my rights I can do to get the company to take   responsibility for their role in this situation, or is it basically my   fault? It is basically your fault. The company needs a w-4 for each employee. They will use that W-4 for every paycheck until the government changes the regulation, or your employment ends, or you submit a new form. Topic 753 - Form W-4 – Employee's Withholding Allowance Certificate If an employee qualifies, he or she can also use Form W-4 (PDF) to   tell you not to deduct any federal income tax from his or her wages.   To qualify for this exempt status, the employee must have had no tax   liability for the previous year and must expect to have no tax   liability for the current year. However, if the employee can be   claimed as a dependent on a parent's or another person's tax return,   additional limitations may apply; refer to the instructions for Form   W-4. A Form W-4 claiming exemption from withholding is valid for   only the calendar year in which it is filed with the employer. To   continue to be exempt from withholding in the next year, an employee   must give you a new Form W-4 claiming exempt status by February 15 of   that year. If the employee does not give you a new Form W-4,   withhold tax as if he or she is single, with no withholding   allowances. However, if you have an earlier Form W-4 (not claiming   exempt status) for this employee that is valid, withhold as you did   before. (I highlighted the key part) Because you were claiming exempt they should have required you to update that form each year. In your case that may not have applied because of the timing of the events. When do you submit a new form? Anytime your situation changes. Sometimes the change is done to adjust withholding to modify the amount of a refund. Other times failure to update the form can lead to bigger complication: when your marital status changes, or the number of dependents changes. In these situations you could have a significant amount of under-withheld, which could lead to a fine later on. As a side note this is even more true for the state version of a W-4. Having a whole years worth of income tax withholding done for the wrong state will at a minimum require you to file in multiple states, it could also result in a big surprise if the forgotten state has higher tax rate. Will my (now former) employee be responsible for paying their portion of the taxes that were not withheld during the 9 months I was   full-time, tax Exempt? For federal and state income taxes they are just a conduit. They take the money from your paycheck, and periodically send it to the IRS and the state capital. Unless you could show that the pay stubs said taxes were being withheld, but the w-2 said otherwise; they have no role in judging the appropriateness of your W-4 with one exception. Finally, and I am not too hopeful on this one, but is there anything I   can do to ease this tax burden? I understand that the IRS is owed no   matter what. You have one way it might workout. For many taxpayers who have a large increase in pay from one year to the next, they can take advantage of a safe-harbor in the tax law. If they had withheld as much money in 2015 as they paid in 2014, they have reached the safe-harbor. They avoid the penalty for under withholding. Note that 2014 number is not what you paid on tax day or what was refunded, but all your income taxes for the entire year. Because in your case your taxes for the year 2014 were ZERO, that might mean that you automatically reach the safe-harbor for 2015. That makes sense because one of the key requirements of claiming exempt is that you had no liability the year before. It won't save you from paying what you owe but it can help avoid a penalty. Lessons


My first job was an Applebee's.  Yes, Chef Mike was in the kitchen.  He cooked sides. Rice pilaf? Mike. Steamed vegetables? Mike.  Customer wanted their steak super well done? Grill the shit out of it and give it to Chef Mike. Warm dessert? Of course it was microwaved. You think we bake a chocolate cake every time you order a slice?  The vast majority of the food? Cooked just like any other restaurant. Grilled, fried, blah blah blah. And yes, we roasted the potatoes in an oven.


No, I didn't write anything about whether we should have invested in the interstates, just that comparing a public infrastructure project to private subsidy (a tax break has the same economic effect as a direct subsidy--more money circulating in the market, not tied up in government) is not an equal comparison. If you really want to push that button, I would argue that investment in public infrastructure is a better investment than giving tax breaks to corporations. Especially corporations like Foxconn, with a track record of not living up to promises like these.


>why does m2 seem like exponential? how can fractional reserve do something like that? unpossible.   You don't understand fractional reserve then. Please explain carefully exactly why fractional reserve cannot do that. Handwaving does not count. As I posted M2 tracks M1 by about a factor of 10, or do you dispute this? If so, why? If not, then you have to ask the question can M1 grow as fast as it has? It clearly has done so. And if it has, then banks have **not** added money beyond the money multiplier, since there is enough M1 to account for M2.  What about this do you not understand? All the data is there for you to check.   >Steve Keen says otherwise  He is wrong. A bank cannot lend money it does not have. I am willing to borrow a quadrillion dollars. Where is the bank that will lend it to me? See, you're wrong.


In 1984, Sears Roebuck bought the Greenwood Trust Company of Greenwood, Delaware and launched Discover Card (originally as a Sears card).  1984 NYT story You used to be able to pay Discover bills in person at Sears cashiers.  Sears soon spun it off.  In 2000 Greenwood Trust renamed itself Discover Bank.


that disposable income, include bill gates, jeff bezo and mark zuckeberg. take those few people away from the pile, The entire country really has no surplus income left. Hence why credit card and household debt are all back up.  The income inequality and wealth disparity in US has reach historical proportion. It's near street riot level.


Something else to consider, even if your friend is on the up and up and never misses a payment:  Until the house is paid off, any time you apply for credit banks will count the mortgage payment on your friends house against your ability to pay all your existing debts in addition to whatever new loan you're applying for.  If you're renting a home now, this will likely mean that you'll be unable to buy one until your friends house is paid off.


Silvrback is the top minimalistic blogging platform offering an efficient blog writing posting experience. With minimalistic features and easy to use platform, Silvrback offers distraction free working space. Features like choosing the right word editor, Google analytics, ads free, optimum security and others make Silvrback your go to blogging platform. Our blogging platform is also highly affordable.


It might, but it also might not. The Board of Directors gets to decide whether and how much dividends are paid to stockholders. So this will vary from company to company and may change over time. I suggest you ask the person making the offer. That said: It looks like they offered you OPTIONS, not Shares. An option is just the right to buy stock at a given price in the future. It is extremely unlikely that you would be entitled to any dividends since you don't have an ownership stake, just a potential to be a shareholder.


"As a rental, this is not an ideal set of numbers. You manage to show a $255 'gain' but $275 is from payment to principal. So, from the start, you're out $20/wk.  This ignores the $170K down payment, which has an opportunity cost, however you calculate it. You can assign the same rate as the mortgage, and it's nearly $10K/yr. Or the rate you feel your choice of stock market or alternate investment would rise. Either way, you can't ignore this money.  Your mortgage rate isn't fixed. A 1% rise and it would jump to $1663 ($842/week) Ideally, a rental property is cash positive without counting principal paydown or even the tax refund. It's a risky proposition to buy and count on everything going right. I didn't mean to scare you off with ""1%"" but you should research the costs of repair and maintenance. Last year my Heat/AC system needed replacement. US$10K. This year, it's time to paint, and replace rotting trim, $7000.  In the US we have property tax that can range from 1-2% of the house value. If you don't have this tax, that's great, just please confirm this."


There are 2 basic ways to have someone buy partial ownership of your company: OR If they buy shares that you already own, then their shares will have the same rights as yours (same voting rights, same dividend rights, etc.). If they buy shares newly created from the company, they could be either identical shares to what you already own, or they could be a new class of shares [you may need to adjust the articles of incorporation if you did not plan ahead with multiple share classes]. You really need to talk to a lawyer & tax accountant about this. There are a lot of questions you need to consider here. For example: do you want to use the money in the business, or would you rather have it personally? Are you concerned about losing some control of how the business is run? What are the short term and long-term tax consequences of each method? What does your new partner want in terms of their share class? The answers to these questions will be highly valuable, and likely worth much more than the fees you will need to pay. At the very least, you will likely need a lawyer and accountant anyway to ensure the filings & taxes are done correctly, so better to involve them now, rather than later. There are many other situations to consider here, and an online forum is not the best place to get advice that might put you in a sticky legal situation later on.


Technically, you could improve your odds in this hypothetical pre-apocolyptic economy by diversifying your digital and tangible precious-metal-commodity portfolio by going in with gold, silver, platinum, palladium, and others.   That being said I'm not sure if one can access tangible stores of all these metals...