"I have some experience with this.  I have had fraudulent charges appear on my credit card statement and had to change my card number several times, despite (I believe) no carelessness on my part.  Every time that this has happened, I have never lost a penny due to fraud on my credit card.  The bank has ultimately removed the fraudulent charges in every instance. Given this, you'd think the consumer doesn't need to worry about this at all.  But it seems like credit card companies beg to differ. Yes, because although I have never lost a penny to fraud, the bank (or the merchant) loses money every time it happens.  The $0 liability protects you; the card security measures protect the bank. But... why should a consumer ever bother worrying about these in the first place, when he knows he legally can't be held responsible for fraudulent charges? What exactly is this new ""peace of mind"" that he supposedly gets by (say) using features like virtual account numbers that he doesn't already have? Although you shouldn't end up out any money when this happens, it is an inconvenience.  The bank will cancel your card and issue you a new number.  It may take a few days for you to receive your new card.  If you have another card to use, this isn't a big deal.  If you are out of state the day before you need to check out of a hotel and return a rental car with no backup credit card (as I have been), it is a big deal.  (In my case, I had to have the credit card company talk to the hotel to give them the new card number, and they were able to overnight me a new credit card so I could get home.  I now make sure I carry a backup credit card.) Should a consumer put any effort into worrying about this at all? (Why?) In my opinion, it makes sense to be careful what you do with your credit card number, if only to avoid the inconvenience.  Don't type your credit card number into an e-mail message, for example, and only use it on websites that you trust.  That having been said, it is not worth it to be paranoid about it, either.  No matter how careful you are, eventually you will probably use it at a store that gets hacked, or your card will get skimmed somewhere, and you'll need to get a new credit card number. The best way to protect yourself is to make sure that you go over your credit card statement each month and look for any fraudulent charges that the bank didn't catch."


In your entire question, the only time you mention that this is an investment inside an IRA is when you say Every quarter, six months, whatever Id have to rebalance my IRA while Vanguard would do this for the fund of funds without me needing to. Within an IRA, there are no tax implications to the rebalancing. But if this investment were not inside an IRA, then the rebalancing done by you will have tax implications. In particular, any gains realized when you sell shares in one fund and buy shares in another fund during the rebalancing process are subject to income tax. Similarly, losses also might be realized (and will affect your taxes). However, if you are invested in a fund of funds, there are no capital gains (or capital losses) when re-balancing is done; you have gains or losses only when you sell shares of the fund of funds for a price different than the price you paid for them.


The US (in fact the global) banking industry is subject to Anti-Money Laundering & Counter-Terrorism funding laws, slowing down funds transfer eliminates a great deal of fraud.


"It'll all about the marketing. If you don't get a ""real"" greeting card for that important birthday or anniversary or whatever, the recipient may thing you're being cheap for using a card you printed out yourself. So you pay $6 for a card because you feel like you have to. Hallmark advertises with those sappy TV commercials for a very good reason. The margins on the product are sky-high, and they spend a good chunk of that money on marketing the product. Perfume is the same way: super cheap to make, low barrier to entry, and the popular ones command a high price."


I think I get your question, but your wording is throwing a lot of us off. If what you want is a clean, effective and efficient interface over port 80, then USAA.com has done some great usability work. Additionally, they have really done some pioneering work with web services and mobile applications. On top of that, they have excellent document archiving. I can navigate their site more quickly than any of the other I've used.


"First, pay off the highest interest first.  If you have 80%, pay it first.   Paying off a card/loan with a lower rate, but a lower payment or a lower balance can help your mental capacity by having fewer things to pay.  But, this should be a decision where things are similar, such as 20-25%, not 20-80%.   What about any actual loans?  Any loans with a fixed payment and a fixed amount?   If you must continue to use CC while paying them off, use the one with the lowest interest rate.   Call all of your debtors and ask for reduction in interest rate.   This is not the option to take first...  This is a strategic possibility and will cause credit score issues... If you are considering bankruptcy or not paying back some, then you have even more negotiation power.  Consider calling them all and telling them that you only have a little bit of money and would like to negotiate a settlement with them.  ""I have only a limited amount of money, and lots of debt.  I will pay back whomever gives me the best deal.""  See what they say.  They may not negotiate until you stop paying them for a few months...  It is not uncommon to get them to reduce interest (even to 0%) and/or take a reduction in the amount due - up to 25 cents on the dollar.  To do this, you might need to pay the amount all at once, so look into loans from sources like retirement, home equity, life insurance, family...   Also, cut out all expenses.  Cut them hard; cut until it hurts.  Cut out the cell phone (get a pre-paid plan and/or budget $10-20/month), cut out all things like alcohol, tobacco, firearms, lottery, tattoos, cable tv, steak, eating out. Some people would suggest that you consider pets and finding them a new home.  No games, no trips, no movies, no new clothes...  Cut out soft drinks, candy, and junk food.   Take precautions to stay healthy - don't wear shoes in the house, brush your teeth, take a multi vitamin, get exercise, eat healthy (this is not expensive, organic stuff, just regular groceries).   Consider other ways to save, like moving in with family or friends.  Having family or friends live with you and pay rent.  Analyze costs like daycare vs. job income.  Apply for assistance - there are lots of levels, and some don't rely on others, such as daycare.   Consider making more money - new job, 2nd job, overtime, new career.   Consider commute - walk, bike, take the bus.  Work 4/10's.  Telework.   Make a list of every expense and prioritize them.  Only keep things which are really necessary.   Good Luck."


"The economy refers to the macro view of economics and associated policy. Macro economic policy's target objective should be full employment.  With regard to wages, full employment leads to an increase in the ""frictional"" subset of unemployment. This type of unemployment is essentially unemployment by choice because of the confidence that jobs are available. When employees become scarce, wages rise.  Arbitrarily raising the minimum wage does nothing but increase inflation."


Agreed. It's the perfect intersection of criminal bankers who like bail out money, liberals who like to print money to even out income inequalities and phony conservatives who believe in crony capitalism. The triumvirate that brought you Detroit soon to come to a town near you.


"From your explanation the Sole Trader option is more appropriate and certainly easier to manage.  There are many differences but the pertinent and most important ones are as follows. The main difference in your case would be tax and administration.  As a sole trader you would need to do a tax return once a year and if you earned less than £11.5k you wouldn't have to pay any UK tax, assuming you have no other income and are a ""standard"" tax payer.  The current tax allowance is £11.5k although this can change. Submitting your own tax return is relatively straighforward although you may want to consult an accountant.  It is generally easier to run as sole trader versus a Limited Company, ie less paperwork and beaureaucracy. If you go down the Limited Company route, the company would be liable to pay Corporation Tax on any profits and this process is more complicated and you would probably need an accountant to do that for you, which is likely to cost a few hundred pounds every year.  You can do it yourself but the process is not as simple as doing your own income tax return. Also as a sole trader you can do what you like with any income, you can spend it and treat it as your own wages.  You can't do that if you set up a Limited Company as the income is ""owned"" by the company and so you would need to in effect pay yourself a wage from the company.  In other words it's more complex than if you are a sole trader. The main advantage to a Limited Company is that it is easier to sell the business if you want to at a later date.  There is nothing stopping you setting up a Limited Company later on, after beign a sole trader if you want to.  They can also be more tax-efficient but this would not be relevant to your case if you are earning relatively small sums, if your income increases then you may want to reconsider. You can see more information here:  https://www.duport.co.uk/company-formation/sole-trader-vs-limited-company.php (I have been both a sole trader and also set up my own Limited Company)"


> I dont get it. The steele dossier, the countless accusations by members of congress that their own colleagues are on the take, the grand jury. There are many clues...Why does this make moderates so angry?  Because gossip is not proof.


"What would you suggest if I already told them that I would start Monday? (Yeah my fuck up).  Im thinking: ""hey boss, im having a really hard time finding a safe place to live with my current salary. I'd really feel more comfortable with [x] amount.""  I just really wish I thought this through before telling them that."


When I purchased my house I struggled with this same idea.  I felt sick to my stomach signing a contract stating how much money I now owe a bank.  However, the lawyer I was using put it in terms that eased the nausea a little (I still hate owing that much money - but it's a little more palatable).   His words, paraphrased: At the end of the day, you have to have a place to stay.  Your mortgage payment is replacing your rent except in this case, you're paying yourself instead of someone else.  You lose a little flexibility in being able to up and move with relative ease.  However, you've lived in apartments, you know that rent almost only goes up.  Your mortgage will not.   He wrote out some numbers and basically showed that everything evened out except mortgage payments will give you property as opposed to paying for someone else's property. To answer your question though - others have already stated - you'll get a better return in the stock market (usually).  But unless you're really really bad at real estate evaluation - you should make some money off your house when you decide to sell.


Basically the banks (Countrywide was the worst about this) failed to uphold lending standards when they were giving out mortgages because it wasn't in their self-interest-- after the banks would give someone a mortgage the banks would make their fees off the mortgage and then bundle these mortgages into securities. The banks then had these sub-prime mortgages that are now bundled together as securities, then Moody's/S&P and other ratings agencies gave them AAA ratings despite nearly everyone in the industry knowing they were time-bombs waiting to go off. Goldman Sachs and everyone else knew what was going on, but they didn't want to get stuck holding the bag, per se, so they committed fraud by knowingly misleading their clients to buy these securities.  The problem isn't that we need more regulations-- it's that the regulations we have aren't even being enforced. Obama has prosecuted 1/3 as many financial crimes at Bush/Clinton/Reagan.


The SWIFT format has multiple place holders. The Beneficiary Bank and Account can be specified using Local Sort Codes [ABA number in this example]. However you would still need to specify the Correspondent Bank and its BIC.


I don't think there is a definite single answer for this. I think it largely depends on where you are on your financial journey. In the ideal world you'd have everything in bucket 2 built into your budget and be putting a little bit aside every paycheck to cover each of those things when they do come up but that takes a fair bit of discipline to do and experience (and data) to estimate reasonably. When you are just starting out in actually setting and keeping a budget or digging yourself out of CC debt/living paycheck to paycheck the odds are you aren't going to have the experience or disciple necessary to actually budget for those things in bucket 2 and even if you did the better option might well be to pay off that high interest debt you already have rather than saving up for an eventual expense. How ever as you start to improve your situation and pay off that debt, develop the disciple to set and follow a budget that is when you should start adding more of those things into your budget. How you track them doesn't really matter. A separate account at your bank. A total for a category in your budgeting software. An XLS file or even paper (ick). Ultimately it isn't about how you plan for and track things but more about actually doing that. So my question to the OP is where are you? If you already have a budget and do a good job of following it but don't have those items in it then consider that the next step in your financial journey.


What do I get for a point? Deutsche Bahn has a similar system, albeit with somewhat smaller numbers. It boils down to a 1% discount, and after checking the numbers I stopped caring.  Germans are all over these points though. Living the stereotype I guess.


"This is the best tl;dr I could make, [original](http://en.econreporter.com/en/2017/06/effects-unconventional-exchange-rate-monetary-policy-explained-joseph-gagnon/) reduced by 97%. (I'm a bot) ***** > In this interview, we discussed one of his latest research paper &quot;Unconventional Monetary and Exchange Rate Policies&quot; and the new book he coauthored with C. Fred Bergsten, &quot;Currency Conflict and Trade Policy: A New Strategy for the United States&quot;.  > The latest paper that you are talking about &quot;Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies&quot; which is in the Open Economy Review, and also a working paper in the IMF and Federal Reserve.  > Some countries let the central bank take the lead. Other countries let the finance ministry takes the lead. In exchange rate policies, you see quite a lot of differences also.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6f2f1w/the_effects_of_unconventional_exchange_rate_and/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~135699 tl;drs so far."") | [Theory](http://np.reddit.com/r/autotldr/comments/31bfht/theory_autotldr_concept/) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Policy**^#1 **country**^#2 **think**^#3 **Currency**^#4 **Exchange**^#5"


"The debt ceiling doesn't give the president permission to spend more money.  The debt ceiling gives the treasury permission to pay our bills.  Also, they shut down the government once, and tried to shut it down 2-3 times over the course of Obama's presidency.  So to say that everything was ""smooth"" is either forgetting what happened or choosing to ignore it."


"I would not classify utilities (including electric) as additional fees.  In many cases you interact directly with the utility (not the landlord) and pay for what you use.  There are exceptions like when renting a room. The renter's insurance also is not part of the landlord's profit, it is simply there to protect you.  In the case of loss, the landlord cannot insure your property. You have to provide your own insurance.  Its pretty low costs, typically less than 20 per month. The application fee is typical.   The move in fee is something that could be negotiated away and sounds pretty sketchy.   You can always ""let your fingers do the walking"" and find out the fees before you look at the place."


"Hi, accounting major here!  A lot of people mentioned both tax advantages and ""cheap"" money (money you can borrow at a low interest rate).  Another reason businesses do this is to reward investors. Generally people with stock in a company want to see some of its operations financed with debt, instead of all of it financed from investors' money or profit. This way the company can grow more and still pay better dividends to its investors. However, you don't want too much debt either. It's a balance, and a way to see how much debt vs equity a company has is called a leverage ratio (leverage=debt). Hope this helps!"


You have to be kidding.  The derivatives market alone is in the hundreds of trillions and that's just a low ball guess.  The Zero Interest Money Machine has been running full throttle for 8 years now.  You know it's bad when they list the Billionaires and there are all these guys from South America who haven't figured out how to hide their money or care more about the status while all the North American and European Billionaires are disappearing or appear to be losing money (they just figured out how to hide more of it).


They'll refund your money (though maybe with a small service charge).  I'm sure they regularly deal with new car sales gone wrong.


"All the other answers here are correct, but I'll add one more perspective. I am a business architect at one of the world's largest retail banks. Every day I experience the frustration of trying to get large-scale corporate IT to do anything, so I feel that your question is just one facet of the wider question: ""why are banks so old and busted?"" While it's true that the cost of online, redundant, performant, secure data storage is significantly higher than you anticipate in the question, it should still be well within the capacity of a large enterprise. The true cost is the cost of change. Nothing at a bank is a green field development. Everything is a bolt-on to existing systems. Any change brings the risk that existing functionality will be affected, therefore vast schemes of regression testing (largely manually executed) spring up around even the most trivial developments. Costs scale exponentially with the number of platforms affected (often utterly distinct, decades-old, incompatible platforms that have arisen out of historical mergers and acquisitions). Only statutory, revenue-generating and critical maintenance change is approved. Any form of cost-cutting that increases risk is quickly extinguished. This is because when things go wrong, IT get blamed by their business colleagues. This is because the business colleagues in turn get blamed by the regulators, the media, the customers, and the public at large. Who doesn't cuss their bank when the ATM is unavailable? The bank's IT organization develops a kind of management sclerosis, risk averse in the extreme. Banks can't ship a beta version and patch it later. This ultra-low-innovation approach is a direct result of market and regulatory forces. If you were happy with a bank account that played fast and loose with your money the way Facebook plays with your data, then banking would be much cheaper, much more innovative, and much riskier. To get back to your specific question, some banks actually do offer a much longer back catalog of transactions for download (usually only a few key fields of each transaction though), and the ones that don't most likely don't see it as a revenue generating selling point, and it therefore falls above their innovation appetite."


"That characterisation of arbitrage-free pricing sounds a bit like the ""relative vs. fundamental"" approaches to asset pricing that Cochrane outlines (in his text, *Asset Pricing*). Rebonato also makes this distinction with regard to term structure models in *Volatility and Correlation*.   On one extreme you have CAPM-style models in which asset prices are completely determined by investors' risk preferences; on the other extreme, you would have something like a SABR-Libor Market Model where you take everything up to and including the volatility surface as given.   What's interesting to me is the way in which these different classes of models get used in various parts of the financial industry. So, buy side firms tend to rely a lot more on equilibrium-style models, since they ultimately care about things like how the equity risk premium or the bond risk premium affect asset prices. In contrast, derivatives quants working at a big sell-side bank who are pricing exotics don't care about what the ""fundamental"" value of their underlying assets is; they just take that as given and price the exotic accordingly."


To be fair, JPM was forced to take government money during there bailout even though they didn't need or want it. It was forced to take the money in order to hide which banks were really under water. I believe JPM was also one of the first banks to repay the bailout loan because they genuinely didn't want it


"Yes this is possible in the most liquid securities, but currently it would take several days to get filled in one contract at that amount There are also position size limits (set by the OCC and other Self Regulatory Organizations) that attempt to prevent people from cornering a market through the options market. (getting loads of contacts without effecting the price of the underlying asset, exercising those contracts and suddenly owning a huge stake of the asset and nobody saw it coming - although this is still VERY VERY possible) So for your example of an option of $1.00 per contract, then the position size limits would have prevented 100 million of those being opened (by one person/account that is). Realistically, you would spread out your orders amongst several options strike prices and expiration dates. Stock Indexes are some very liquid examples, so for the Standard & Poors you can open options contracts on the SPY ETF, as well as the S&P 500 futures, as well as many other S&P 500 products that only trade options and do not have the ability to be traded as the underlying shares. And there is also the saying ""liquidity begets liquidity"", meaning that because you are making the market more liquid, other large market participants will also see the liquidity and want to participate, where they previously thought it was too illiquid and impossible to close a large position quickly"


While I respect your opinion, I'm not so sure myself. There needs to be a concrete reason for these people to stop handling our personal security so flippantly. Putting the company out of business for complete negligence on their part sends a signal out.  This incident, combined with increasing incidents of companies pressing criminal charges against white hat hackers, just tells me that this is willful negligence, and we should not allow it. Were it simply a mistake, sure, maybe we let them continue operating, but they knowingly put our security at risk.   Fuck these guys. Someone else will step up, and fill the void they leave, hopefully with a bit more integrity. You know, the way the American system is meant to work.


I found the following on a stock to mutual conversion for insurance firms for Ohio. Pulling from that link,  Any domestic stock life insurance corporation, incorporated under a general law, may become a mutual life insurance corporation, and to that end may carry out a plan for the acquisition of shares of its capital stock, provided such plan: (A) Has been adopted by a vote of a majority of the directors of such corporation; (B) Has been approved by a vote of stockholders representing a majority of the capital stock then outstanding at a meeting of stockholders called for the purpose; (C) Has been approved by a majority of the policyholders voting at a meeting of policyholders called for the purpose, each of whom is insured in a sum of at least one thousand dollars and whose insurance shall then be in force and shall have been in force for at least one year prior to such meeting.  and Any stockholder who has assented to the plan or who has been concluded by the vote of the assenting stockholders, and any stockholder who has objected and made demand in writing for the fair cash value of his shares subsequent to which an agreement has been reached fixing such fair cash value, but who fails to surrender his certificates for cancellation upon payment of the amount to which he is entitled, may be ordered to do so by a decree of the court of common pleas for the county in which the principal office of such corporation is located after notice and hearing in an action instituted by the corporation for that purpose, and such decree may provide that, upon the failure of the stockholder to surrender such certificates for cancellation, the decree shall stand in lieu of such surrender and cancellation.  Since they successfully became a mutual insurance company, I would guess that those stocks were acquired back by the company, and are leftover from the conversion. They would not represent an ownership in the company, but might have value to a collector.


Thanks for including a summary for lurkers in your comment. I didn't realize how quickly I was responding, and I did not know you edited. I appreciate you not letting me look ridiculous to browsers.  To change course a little bit, I'd like to talk to the idea that if successful people deserve success, unsuccessful people must deserve their lot also.  Outside of money, the biggest thing I think we will leave to our kids is what we have learned about money, nutrition, health, and social interaction. Nothing we know is secret knowledge, but at the same time these are fields that are not taught to competence in school, and plenty of hucksters advertise nonsense that make it difficult to quickly learn what makes sense.   If you're a 25 year old guy making 35-40k, and you eat at subway because it is endorsed by the American heart association and you assume it's healthy, and you spend 30% of your pre tax income on a house because your mortgage broker said that's normal and your financial advisor said houses are assets, and you buy what you like on credit cards and pay monthly minimums, and you take out an auto lease or a 6 year loan on a purchase to keep payments low, and you diversify what little you have left into mutual funds and bonds, you are doing two things - you are acting like a totally responsible young adult according to societal norms and people who are supposed to give you advice, and you are totally fucking yourself. You are burdening yourself with debt, you aren't investing in yourself, you're neutering your money's ability to help you live a life you actually want to live, and you are shackling yourself to monthly payments that limit your ability to make choices about what you want and how you want to live.   Is that your fault? You followed common wisdom and your trusted advisors. Unless you happen to see a different way, or someone comes along and tells you otherwise, you may never know what opportunities you could've had. I'll even concede that having the opportunity to think differently may be luck.  But here is where I have a point of contention. What if you've concluded generational wealth is simply luck by the time you have someone try to show you differently? You may dismiss your opportunity as bullshit, and remained trapped in the standard American day to day wage/debt slavery. This is why I hate these semantics so much - I think they rob people of their opportunities.


Since you both are members of the LLC - it is not a single-member LLC, thus you have to file the tax return on behalf of the LLC (I'm guessing you didn't elect corporate treatment, so you would be filing 1065, which is the default). You need to file form 4868 on behalf of yourselves as individuals, and form 7004 on behalf of the LLC as the partnership. Since the LLC is disregarded (unless you explicitly chose it not to be, which seems not to be the case) the taxes will in fact flow to your individual return(s), but the LLC will have to file the informational return on form 1065 and distribute K-1 forms to each of you. So you wouldn't pay additional estimated taxes with the extension, as you don't pay any taxes with the form 1065 itself. If you need a help understanding all that and filling the forms - do talk to a professional (EA or CPA licensed in your state). Also, reconsider not sending any payment. I suggest sending $1 with the extension form even if you expect a refund.


Don't misunderstand me.  I'm not saying it's a bad tool.  I'd personally use it, not exclusively or taken as gospel, but I'd use it.   >  I am not comfortable moving to the big city just yet  This is what I'm saying.  There are other factors if you're using glass door to validate feelings of being underpaid.     By the way, if this is what you want then make the leap now. It'll never get easier.  The longer you stay in an area the more roots you put down and the more your current company will take you for granted.   > Anyway, Glassdoor does effect smaller businesses that have no benefits, and just a non-standardized work cultures.   I'm not sure I'd agree with that. If a business isn't competative then there is likely a reason.  Either they can't be or they don't feel like they need to be.  Prospective employees that weren't hand-picked wouldn't change that.  Former employees can be drowned out with astroturfing.  It's much cheaper and easier.


It is a shame that really insightful article is wrapped up in a paranoid wrapper.  It is all accurate, IMO and is basically the worldview I use when I trade markets.  Except I don't get all fixated on gold.  I see gold as just one tool out of many for exploiting the exploiters.


Right. When you have an influx of people willing to work for lower wages, it depresses wages.   Scandinavia has the political will and the geographic location such that there is not a large influx of labor from poor countries coming in to work at higher wages than they are used to but lower wages than the locals are used to.   Having an ethnically homogenous population makes it politically easy to have tight immigration and border controls. Being in Northern Europe makes it easy to not have a ton of migrant workers from third world countries right next door.  This isn't rocket science.


Look for an internship, probably in San Fran there are a lot of opportunities. I'd suggest going through Glassdoor, LinkedIn and other job sites. Perhaps during the year you can flip burgers as its a more student flexible job, and supplement the extra by working as a software engineer during the summers. If you need resume tips feel free to PM. Goodluck!


You can. Almost anybody (barring medical issues) can, the drudgery will be intense and utterly soul sucking.   Sure fire formula: Spend very little, save everything and put down down payments on rental houses.  It will eventually get you millions even if everything goes very wrong after 30 years.  It should work out into the millions somewhere between 15-25 years.


One of the things to consider is that most Vanguard funds are very tax efficient, that is they don't throw off much in the way of cap gains or taxable dividends while they grow. So if you do it right you won't have to pay much in the way of taxes on your investments even if they are in taxable accounts until retirement when at the very least you will have a lot more flexibility in managing your money and very likely be in a lower tax bracket. Roth is better if you are planning other types of investments, but if you are planning to hold an efficient Vanguard fund the difference isn't that bit.


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For an investment to appreciate in value, one of two things needs to happen: 1) Demand for that particular item needs to increase. 2) The supply of that item needs to decrease. Houses are good because everyone needs a place to live, but there is a finite amount of land.  No matter how much you invest in Manhatten real estate, Manhatten ain't growin'.  The trick there is to find an area that people are going to want to live in when you're ready to sell.  Specific vintages of wines and spirits are another good example, because it's literally impossible to create more of that vintage. Cars, and most consumer goods, usually don't appreciate because they don't last long enough.  Most cars are resold within three to five years after the initial purchase.  This is also why jewelry is a good investment; properly cared for, it can last centuries without wearing out. So, look for something durable that has a limited supply.


its not against the rules anymore, ever since uber lost one of its many lawsuits, i think it was deemed to be in violation of certain state laws. With that said, it was a concession to drivers especially after uber cut rates to bare bones and drivers weren't making any money at all. really, tips just subsidize drivers lost income from rate cuts that uber used to kill competition over the years, drivers arent making anywhere near what they made using uber in 13/14/15 and the promises of increased ridership never panned out, not to mention the disasters that were uber pool, uber driverless (compounded by a rate cut at the same time making it look like an intimidation tactic to drivers), etc.  I drove for both only until i got the bonuses, job sucks, still find glitter in my car (its been 2 fucking years), and my cynicism was reaffirmed by the experience, I wouldn't mind if uber died and left lyft to pick at its decaying corpse. Hell, I wouldnt mind if Travis kal-whatever got hit by an ex uberdriver and left for buzzards to pick at his decaying corpse, guys a douche.


"In the United States, regulation of broker dealer credit is dictated by Regulation T, that for a non-margin account, 100% of a trade must be funded. FINRA has supplemented that regulation with an anti-""free rider"" rule, Rule 4210(f)(9), which reads No member shall permit a customer (other than a broker-dealer or a “designated     account”) to make a practice, directly or indirectly, of effecting transactions in a cash     account where the cost of securities purchased is met by the sale of the same securities.     No member shall permit a customer to make a practice of selling securities with them in a     cash account which are to be received against payment from another broker-dealer where     such securities were purchased and are not yet paid for. A member transferring an     account which is subject to a Regulation T 90-day freeze to another member firm shall     inform the receiving member of such 90-day freeze. It is only funds from uncleared sold equities that are prohibited from being used to purchase securities. This means that an equity in one's account that is settled can be sold and can be purchased only with settled funds.  Once the amount required to purchase is in excess of the amount of settled funds, no more purchases can be made, so an equity sold by an account with settled funds can be repurchased immediately with the settled funds so long as the settled funds can fund the purchase. Margin A closed position is not considered a ""long"" or ""short"" since it is an account with one loan of security and one asset of security and one cash loan and one cash liability with the excess or deficit equity equal to any profit or loss, respectively, thus unexposed to the market, only to the creditworthiness of the clearing & settling chain. Only open positions are considered ""longs"" or ""shorts"", a ""long"" being a possession of a security, and a ""short"" being a liability, because they are exposed to the market. Since unsettled funds are not considered ""longs"" or ""shorts"", they are not encumbered by previous trades, thus only the Reg T rules apply to new and current positions. Cash vs Margin A cash account cannot purchase with unsettled funds.  A margin account can.  This means that a margin account could theoretically do an infinite amount of trades using unsettled funds.  A cash account's daily purchases are restricted to the amount of settled funds, so once those are exhausted, no more purchases can be made. The opposite is true for cash accounts as well.  Unsettled securities cannot be sold either. In summation, unsettled assets can not be traded in a cash account."


What asset allocation is right for you (at the most basic the percentage if stocks vs bonds; at the advanced level, percentage of growth vs value, international vs domestic etc) is a function of your age, retirement goals, income stability and employment prospects until retirement.  Roth IRA is orthogonal to this.  Now, once you have your allocation worked out there are tactical tax advantage decisions available: interest income, REIT and MLP dividends are taxed at income and not capital gains rate, so the tactical decision is to put these investments in tax advantage accounts like Roth and 401ks.  Conversely, should you decide to buy and hold growth stocks there are tactical advantages to keeping them in a taxable account: you get tax deferment until the year you choose to sell (barring a takeover), you get the lower lt cap gains rate, and you can employ tax loss harvesting.


This whole situation is mental. From the crooked Executives selling stock to the bizarre security check method they set up and I just saw thing saying their chief security officer received their education in like music appreciation or something.


Thank you so much for this! Like you said, I think I have a unique story and went to CC for both financial reasons and I had some personal issues that got in the way that I had to take care of. I guess my biggest fear is the whole resume issue, I put down my CC and my major (I have a 4.0 in all my econ/accounting/business classes that transferred) and cumulative GPA, but people have told me to not list my CC GPA, although then I have nowhere to list a GPA and it omits a lot of important information and part of my story. I listed my intended coursework at UCLA and my major/minor.   I have made a list of some alumni that are MDs and VPs in the LA area, and I've been looking on LinkedIn for some recently graduated students, but I don't know how much of a help the recent grads will be.


Mutual funds are funds composed of financial assets and the funds of investors, and are managed by a firm, usually a large wealth management firm. They are generally accessible to anyone.  Hedge funds are private investment funds with limited access, and are subject to fewer regulations. They are usually legally set up as their own firm.


"Yes when I place an order with my broker they send it out to the exchange. - For individual investors, what are some cons and pros of trading on    the exchanges directly versus indirectly via brokers? I may be mistaken(I highly doubt it), but from my understanding you cannot trade directly through an exchange as a retail investor. BATS allows membership but it is only for  Your firm must be a registered broker-dealer, registered with a Self Regulatory Organization (SRO) and connected with a clearing firm. No apple (aapl) is listed on the NASDAQ so trades go through the NASDAQ for aapl. Caterpillar Inc (CAT) is listed on the NYSE so trades go through the NYSE.  The exchange you trade on is dependent on the security, if it is listed on the NYSE then you trade on the NYSE. As a regular investor you will be going through a broker. When looking to purchase a security it is more important to know about the company and less important to know what exchange it is listed on. Since there are rules a company must comply with for it to be listed on certain exchanges, it does make a difference but that is more the case when speaking about a stock listed Over the Counter(OTC) or NYSE. It is not important when asking NYSE or NASDAQ? Selecting a broker is something that's dependent on your needs. You should ask your self, ""whats important to me?"", ""Do I want apps(IE: iPhone, android)?"" ""Do I need fancy trading tools?"". Generally all the brokers you listed will most likely do the trick for you. Some review sites: Brokerage Review  Online Broker Review 2012 Barron's 2012 Online Broker Review"


Except 12/hr isn't what they get paid so even that's off. It's like 7.50 an hour in most places. And the point is that nothing like this exists, let alone is cost effective, nor will it barring big breakthrough for at least a decade and quite easily more.


> That there are more jobs today isn't a convincing argument.  You yourself said that automation means there is a net loss in jobs.  If that were true, there would be less jobs now than in 1900.  But the opposite is true.  Products are more efficiently reaching the consumer.  This means more people are buying more things.  This means producers have to hire more people or buy more raw materials.  Lets go with a real classic example.  Lets say that you and myself make sewing needles.  We both do it by hand, because in this example we are at the dawn of the industrial revolution, making a needle at a time.  Now lets say I figure out a way to make a machine that makes 100 needles in the time it took me to make 1, and because less of my time is going into each needle I can sell them cheaper.  I am now able to reach more stores than before to sell my sewing needles.  I have to hire some more people to make deliveries because I can only do so much by myself.  Now I also grow to the point of having to buy another machine because my business is booming.  People love my sewing needles.  But I can't man 2 machines, so I hire in another person.  Now I have more people making deliveries, and I no longer deliver myself because I am better at making needles than delivering them.  The guys supplying me with the metal to make the needles also had to hire some people to keep up with my demand.  And the people mining the metal for my needles also had to hire another miner.  This may sound like a made up story, but this sort of thing was going on at this time.    The argument that automation kills jobs has been around since before the industrial revolution.  * How much would your cell phone be if we were still using horse and cart to deliver goods?  * Would your mother/sister/girlfriend/wife/Yourself (if you are a girl) be able to have a full time job if they did not have a washing machine, iron, vacuum cleaner, other appliances?  * What kind of selection in the grocery store would you have if the tractor was never used?


Given that you are starting with a relatively small amount, you want a decent interest rate, and you want flexibility, I would consider fixed deposit laddering strategy. Let's say you have ₹15,000 to start with. Split this in to three components: Purchase all of the above at the same time. 30 days later, you will have the first FD mature. If you need this money, you use it. If you don't need it, purchase another 90-day fixed deposit. If you keep going this way, you will have a deposit mature every 30 days and can choose to use it or renew the fixed deposit. This strategy has some disadvantages to consider: As for interest rates, the length of the fixed deposit in positively related to the interest rate. If you want higher interest rates, elect for longer fixed deposit cycles.For instance, when you become more confident about your financial situation, replace the 30, 60, 90 day cycle with a 6, 12, 18 month cycle The cost of maintaining the short term deposit renewals and new purchases. If your bank does not allow such transactions through on line banking, you might spend more time than you like at a bank or on the phone with the bank You want a monthly dividend but this might not be the case with fixed deposits. It depends on your bank but I believe most Indian banks pay interest every three months


More likely I miswrote.  Yes, we're talking about capital gains.  But who, outside of the moneyed elite, have enough capital gains to incur substantial taxes?  Many don't and never will despite how hard they work or how productive they are.  Also, doesn't taxing income more than capital gains discourage production?  I always hear how high capital gains tax discourages investment and growth.


"As far as I can tell, that question wasn't raised by the article; the article's actual title was, ""Here’s how top tech companies will rally to support net neutrality next week"".   I'm not sure why the OP changed it to something that the article itself doesn't really discuss."


"LOL. Its gotten harder for those who dont want to change with the times. Tools like sentdex and PsychSignal provide a solid argument against the headline of the article. Its not harder, the methods have just changed. Most people dont understand the methods and thus: ""its gotten harder.""  Harder is entirely relative, for people like me, its gotten easier...  [This algorithm looks for a high volume of bullish tweets about penny stocks and returns 95% in a year.](https://www.quantopian.com/posts/psychsignal-machine-learning-and-penny-stocks-95-percent-in-a-year)    [This algorithm trades my favorite tech stocks using tweets to determine when to buy. 140% 2016-mid 2017.](https://www.quantopian.com/posts/psychsignal-machine-learning-models-and-tech-stocks)   I will say that in those algorithms, I throw out more than half the data. To be more correct, I assume half the data is bullshit (people mindlessly reposting, morons talking about shit they dont understand, etc.)   People, in general, are idiots. The moment you accept this, social media analysis becomes rather easy.   In my first 3 weeks of trading ever I was up 60% because of Bio Med stocks (i lost it all due to greed, I now always pull out early (lol) as opposed to too late). I didn't know ANYTHING about the bio med market - I let stock twits do all the work (in general, Twitter is actually more correct than stocktwits, which is rather ironic). Once I started trading with algorithms, I automated this process.  Have real analysts been squashed by the short segments they get on TV? sure. but if you are really getting your info from TV, as opposed to just reading it in 1/10th of the time it takes to watch a TV program, thats your fault. These days I feel its best to do the research yourself, read about it online somewhere, or use the high volume of data available with algorithmic trading."


There's two reasons. One is that you have a longer time horizon, other answers cover that. The second is that for someone who is younger, most of their capital is human capital in terms of their future work output (and earnings). If you're 25 and your $20,000 portfolio gets wiped out, that's only a small amount of your total earnings. You still have 45 years in which to earn money (and invest it). If you're 65 and your $1,000,000 portfolio gets wiped out, you're in much bigger trouble. Note that this means that in certain circumstances, a younger investor would want to be more conservative. If you're 25, but got a million dollar settlement for an injury which means you can't work anymore, you want to be more conservative than your average 25-year-old. If you're 65, and just sold a business for which you get $1,000,000 in two years, you can be more aggressive with your currently invest-able portfolio.


I'm not sure why people are down voting you. There is no question the math and stats will be more intensive than what I used as an undergrad, but most of the programs I have talked to haven't suggested taking calc 3. But then again the programs i'm applying for aren't quant focused ones, defiantly not as quant heavy as a MS in comp finance would be.   Just curious, if your already at a BB how come you decided to go back for the MS and not an MBA?


There is no such thing as a startup loan. You take personal loans, and borrow money from friends and family. That's it.  No one else is stupid enough to fund your insane scheme. And if they are, they want 60% of the company for a pittance.


If you know you have picked a bad stock, the sooner you sell the better. There is a tendency to hold a bad stock in the hope that it will pick up again. Most of us fall into this trap. The best way one needs to look at things are;


"Yes, the ""effective"" and ""market"" rates are interchangeable. The present value formula will help make it possible to determine the effective interest rate. Since the bond's par value, duration, and par interest rate is known, the coupon payment can be extracted. Now, knowing the price the bond sold in the market, the duration, and the coupon payment, the effective market interest rate can be extracted.  This involves solving large polynomials. A less accurate way of determining the interest rate is using a yield shorthand. To extract the market interest rate with good precision and acceptable accuracy, the annual coupon derived can be divided by the market price of the bond."


The company gets it worth from how well it performs. For example if you buy company A for $50 a share and it beats its   expected earnings, its price will raise and lets say after a year or   two it can be worth around $70 or maybe more.This is where you can   sell it and make more money than dividends.


There are a few reasons, dependent on the location of the company.  The first, as you mentioned is that it means that the employee is invested in the companies success - in theory this should motivate the employee to work hard in order to increase the value of their holdings. Sometimes these have a vestment period which requires that they hold the stock for a certain amount of time before they are able to sell, and that they continue working at the company for a certain amount of time. The second, is that unlike cash, providing stocks doesn't come out of the companies liquid cash. While it is still an expense and does devalue the shares of other shareholders, it doesn't effect the daily working capital which is important to maintain to ensure business continuity. And the third, and this is for the employee, is tax reasons. In particular for substantial amounts. Of course this is dependent on jurisdiction but you can often achieve lower tax rates on receiving shares vs a cash equivalent sum, as you can draw out the money over time lowering your tax obligation each year, or other methods which aren't possible to look into now. Hope this helps.


New family home sales were at a seasonally adjusted annual rate of 369,000 for the month of May.  This is somewhat higher than April and about 20% above May of 2011. However, this is lower -- in some case much lower -- than anytime from about 1962 to 2008.  So, the good news is that new home sales are trending up slightly.  The bad news is that they fell from ~1.4 million units in 2005, so we're down about 75% from those overheated days.


"**Working Group on Financial Markets**  The Working Group on Financial Markets (also, President's Working Group on Financial Markets, the Working Group, and colloquially the Plunge Protection Team) was created by Executive Order 12631, signed on March 18, 1988, by United States President Ronald Reagan.  As established by the executive order, the Working Group has three purposes and functions:  ""(a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider:  (1) the major issues raised by the numerous studies on the events in the financial markets surrounding October 19, 1987, and any of those recommendations that have the potential to achieve the goals noted above; and  (2) the actions, including governmental actions under existing laws and regulations (such as policy coordination and contingency planning), that are appropriate to carry out these recommendations.  (b) The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible.  (c) The Working Group shall report to the President initially within 60 days (and periodically thereafter) on its progress and, if appropriate, its views on any recommended legislative changes.""  The Working Group consists of:  The Secretary of the Treasury, or his or her designee (as Chairperson of the Working Group);  The Chairperson of the Board of Governors of the Federal Reserve System, or his or her designee;  The Chairperson of the Securities and Exchange Commission, or his or her designee; and  The Chairperson of the Commodity Futures Trading Commission, or his or her designee.    ^ a b ""Executive Orders"".  ***  ^[ [^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)   ^] ^Downvote ^to ^remove ^| ^v0.21"


"The enemy of my enemy is my enemy? If white supremacists oppose an agenda based on identity politics (which prioritizes diversity above all else), just as Trump does, does that not mean that they have a ""friend"" in Trump? Not to sound rude, but have you even tried thinking about the situation?"


Does the Insurance value differ from state to state (for example I've a car in Hawaii and there is another car in Illinois with same model, make and same features), does the Insurance vary for both? Yes, quotes will vary based on where you live for various reasons, (propensity for accidents, value of cars, etc.), and state laws regarding required car insurance can vary. How is the insurance quote calculated? It's likely a proprietary formula that the insurance company will not disclose. If they did, they could be giving away a competitive advantage. However, like all insurance, the goal is to determine the probability of the insured having an accident, and the projected cost of such an accident.  That will be based on actuarial tables for each of the risk factors you mention.


"They are a screwed up company.  They constantly mess up our billing.  It takes me calling every other month to fix it.  Their auto billing is also messed up.    Their tech support is also screwed up.  The amount of times I have spent an hour on the phone with them to find out ""there is an outage in your area"" is pretty funny.  I even lead off with that question and it never is until the 1 hour mark."


>I don't think we're going to see a world where there's no menial labor for a very long time.  I don't think it'll be in my lifetime, but I don't think it's too far off in the grand scheme of things. Self-driving vehicles and cashier-less stores/quick serve restaurants are well within the realm of possibility in several decades, and those are two of the largest employment industries in the US.  It's worth starting to talk about, because it's going to take a *massive* shift in ideology (that is, we might have to start thinking seriously about universal basic income omg the horror) in order to not blow up.


It's incredibly foolish because it fails to use the investments as collateral to secure the loan. So instead of paying 5% or less for a loan secured by liquid assets, you'll be paying 10% or more for an unsecured loan. I do leveraged investments all the time and make a reasonable amount of money doing it (at high risk, I concede). I always use the investment to secure the loan and, as a result, pay a very low interest rate (since the lender can sell of my investments if I fail to repay the loan, reducing their risk dramatically). An unsecured loan would cost several times more.


"Shariah compliant investments attempt to achieve your ""ethical investing"" ideals. Many countries around the world have a long list of shariah compliant investments and lots of journalists will go great lengths to reveal when a company is not really shariah compliant. Standard & Poors (S&P), an American financial services company, hosts a Shariah compliant index too, but on the Toronto Stock Exchange in Canada due to the Islamaphobia rampant in the United States. But of course, international companies are indifferent to any single country's social problems, and in your new pastime as an international speculator you will get the same luxury too and exemption from the political spectrum. S&P/TSX 60 information can be found here: http://web.tmxmoney.com/tmx_indices.php?section=tsx&index=%5ETXSI Business sectors prohibited from the Shariah index include: Gambling, Pornography, Tobacco, amongst others. In the United States, the concept has been renamed ""B-Corporation"" (a play on the federal term C-Corporation and S-Corporation), and has garnered enough of a movement that several states have created these as entities people can actually register them with the state, but these are not recognized as ""B-Corporations"" to the federal government. Shariah compliant investments will be easier to find worldwide, due to the popularity of the associated religion."


> Also the institutional investor only has the advantage of leverage  And, you know, capital, better data, better technical knowledge, and better just about everything else. It's the same reason why the average investor is better off buying a blue-chip stock while a buy-side guy buys more complex financial products.


Assuming you are Indian Citizen / Resident for Tax purposes. Your friend in US Citizen / Resident for tax purposes. As you are borrowing these funds and returning, this would NOT be treated as Gift but as Loan. Ensure that you have the right documentation in place. There is no tax when you receive the funds/loan or rebate when you pay back the loan. From India FEMA (Foreign Exchange Management Act) point of view, if you take loan from friends, you cannot by default repatriate funds. You have to take special permission to repatriate the funds out of India.


For a time period as short as a matter of months, commercial paper or bonds about to mature are the highest returning investments, as defined by Benjamin Graham:  An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative. There are no well-known methods that can be applied to cryptocurrencies or forex for such short time periods to promise safety of principal. The problem is that with $1,500, it will be impossible to buy any worthy credit directly and hold to maturity; besides, the need for liquidity eats up the return, risk-adjusted.  The only alternative is a bond ETF which has a high probability of getting crushed as interest rates continue to rise, so that fails the above criteria. The only alternative for investment now is a short term deposit with a bank. For speculation, anything goes... The best strategy is to take the money and continue to build up a financial structure: saving for risk-adjusted and time-discounted future annual cash flows.  After the average unemployment cycle is funded, approximately six or so years, then long-term investments should be accumulated, internationally diversified equities.


I just used the formula in below link and did some math.  I have that book too but haven't looked at it yet really.  Lots of maths to have fun with.  Let me know if this is correct or needs fixing. Source: http://wiki.fool.com/How_to_Calculate_Beta_From_Volatility_%26_Correlation


Well that is not entirely accurate, but the sentiment is true. If Jeff himself liquidated the stock it would cause concern because he is the driving force at Amazon. But whether or not the stock price is driven up or down is more about where demand meets supply rather than simply supply.   For example, almost every time a company buys out a public corporation they pay a premium for the exact opposite effect you're talking about, though it's the same logic. If you are wanted to sell 40% of a company you owned you would likely do it this way.   If Jeff announced he  was retiring and had good leadership set into place after him and THEN created a buyout of his 40% he would likely get 30-50% more than the stock is currently worth. So there are a lot of factors.


It's important to consider your Investor Profile when deciding the right kind of vehicle for your finances. You are a young guy, with a considerable earned income and no dependents (sorry, this was not clear from the question.) This means that you are able to take a lot of risks that people who also have a family to think about, might not. == high risk tolerance You should definitely not put your money in a Wealth Management fund or Mutual Fund or any other 'hands-off' vehicle. These typically have worse returns than the FTSE itself. Their popularity is due to an amazing marketing job and the fact that people in general want to believe there is an easy way to grow their money. Probably the best vehicle for your money is property, so the first thing you should do with the money is hire a competent accountant and solicitor.


Typical consumerist bullshit.  Post some chat transcript with some flunky as proof of how evil corporation is.  Yes, I'm sure Comcast won't sell you the box.  But consumerist should be seeking interviews from upper management about this issue.  Flunky order-taker is probably just not in the mood to deal with some asshole who wants to buy a box.    Next week Consumerist is going to post about how Burger King will not make a Big Mac, and present video of someone placing the order at a drive-through as proof of how horrible Burger King is


Quicken has tools for this, but they have some quirks so i hesitate to actually recommend it on that basis.


Deserved. There's not nearly enough accountability in the finance industry these days. No one went to prison for anything related to the 2008 housing/mortgage crisis; also read in the Chicago Tribune today that somebody got off with just *fines* for billions of dollars of tax fraud. It's ridiculous.


"The original question was aimed at early payment on a student loan at 6%. Let's look at some numbers.  Note, the actual numbers were much lower, I've increased the debt to a level that's more typical, as well as more likely to keep the borrower worried, and ""up at night.""  On a $50K loan, we see 2 potential payoffs. A 6 year accelerated payoff which requires $273.54 extra per month, and the original payoff, with a payment of $555.10. Next, I show the 6 year balance on the original loan terms, $23,636.44 which we would need to exceed in the 401(k) to consider we made the right choice.  The last section reflects the 401(k) balance with different rates of return. I purposely offer a wide range of returns. Even if we had another 'lost decade' averaging -1%/yr, the 401(k) balance is more than 50% higher than the current loan debt. At a more reasonable 6% average, it's double. (Note: The $273.54 deposit should really be adjusted, adding 33% if one is in the 25% bracket, or 17.6% if 15% bracket. That opens the can of worms at withdrawal. But let me add, I coerced my sister to deposit to the match, while married and a 25%er. Divorced, and disabled, her withdrawals are penalty free, and $10K is tax free due to STD deduction and exemption.) Note: The chart and text above have been edited at the request of a member comment.  What about an 18% credit card? Glad you asked -  The same $50K debt. It's tough to imagine a worse situation. You budgeted and can afford $901, because that's the number for a 10 year payoff. Your spouse says she can grab a extra shift and add $239/mo to the plan, because that' the number to get to a 6 year payoff.  The balance after 6 years if we stick to the 10 year plan? $30,669.82. The 401(k) balances at varying rates of return again appear above. A bit less dramatic, as that 18% is tough, but even at a negative return the 401(k) is still ahead. You are welcome to run the numbers, adjust deposits for your tax rate and same for withdrawals. You'll see -1% is still about break-even.  To be fair, there are a number of variables, debt owed, original time for loan to be paid, rate of loan, rate of return assumed on the 401(k), amount of potential extra payment, and the 2 tax rates, going in, coming out. Combine a horrific loan rate (the 18%) with a longer payback (15+ years) and you can contrive a scenario where, in fact, even the matched funds have trouble keeping up. I'm not judging, but I believe it's fair to say that if one can't find a budget that allows them to pay their 18% debt over a 10 year period, they need more help that we can offer here. I'm only offering the math that shows the power of the matched deposit.   From a comment below, the one warning I'd offer is regarding vesting. The matched funds may not be yours immediately. Companies are allowed to have a vesting schedule which means your right to this money may be tiered, at say, 20%/year from year 2-6, for example. It's a good idea to check how your plan handles this. On further reflection, the comments of David Wallace need to be understood. At zero return, the matched money will lag the 18% payment after 4 years. The reason my chart doesn't reflect that is the match from the deposits younger than 4 years is still making up for that potential loss. I'd maintain my advice, to grab the match regardless, as there are other factors involved, the more likely return of ~8%, the tax differential should one lose their job, and the hope that one would get their act together and pay the debt off faster."


I'm fine with this. I'm fine with any job being replaced with a robot, if it's possible and better than a person. McDonalds employees, stock broker, cotton picker, whatever.   Jobs get replaced by robots constantly, and that's not the problem. When a company increases their profits by replacing a person with automation, they need to pay more taxes back into the system so that there is a social framework to support the population as more and more jobs get replaced. Eventually just about any job could be automated, so we need to figure out what we do when that happens. It can't just be fuck that guy who used to do that job.


"I have done similar software work. You do not need an LLC to write off business expenses. The income and expenses go on Schedule C of your tax return. It is easy to write off even small expenses such as travel - if you keep records. The income should be reported to you on a 1099 form, filled out by your client, not yourself.  For a financial advisor you should find one you can visit with personally and who operates as a ""fee-only"" advisor. That means they will not try to sell you something that they get a commission on. You might pay a few $hundred per visit. There are taxes that you have to pay (around 15%) due to self-employment income. These taxes are due 4 times a year and paid with an ""estimated tax"" form. See the IRS web site, and in particular schedule SE. Get yourself educated about this fast and make the estimated tax payments on time so you won't run into penalties at the end of the year."


The reason you're being down voted is that inflation is nearly the lowest it's ever been.  Also for manufacturing, dozens of studies show that automation is causing most of the job loss. Our gross yields actually keep growing thanks to productivity gains.


"ooooo, you think your work means you should get a lead for it? wow, aren't you presumptuous. it's sad how you think there's some rule out there that says ""hard work => opportunity will come""  seriously, how can you be so deluded? civilization is built on the backs of hard working people where most never get any good opportunities. you think your hard work caused your opportunities? maybe you should learn that correlation doesn't imply causality.   and yes, i think many people would say luck had something to do with you getting your lead. what the fuck makes you think that you deserve a lead just because you worked hard. millions of people work damn harder than and they never get anywhere.   goddamn, your arrogance is just so mind boggling. saying that there's no such thing as luck is saying that chance is never a factor. your stupidity here is just too obvious to argue about."


What options do I have? Realistically?  Get a regular full time job.  Work at it for a year or so and then see about buying a house. That said, I recently purchased a decent home.  I am self-employed and my income is highly erratic.  Due to how my clients pay me, my business might go a couple months with absolutely no deposits.   However, I've been at this for quite a few years.  So, even though my business income is erratic, I pay myself regularly once a month.  In order to close the deal with the mortgage company I had to provide 5 years worth of statements on my business AND my personal bank accounts.  Also I had about a 30% down payment.   This gave the bank enough info to realize that I could absolutely make the payments and we closed the deal. I'd say that if you have little to no actual financial history, don't have a solid personal income and don't have much of a down payment then you probably have no business buying a house at this point.  The first time something goes wrong (water heater, ac, etc) you'll be in a world of trouble.


"Not to discourage you, but I would say that photography could be fairly low hanging fruit. Certainly not with the ease of paper-pushing jobs, but I feel that things like how to setup the frame to appeal to human emotion could be done statistically. The movement of the camera itself is a solved problem.  To take it even further, we are getting better at converting the real world into 3D models. I can imagine a camera in the not so distant future that just ""scans"" the scene into a 3D representation. From there, a computer could add a myriad of effects like lighting and depth of field dynamically, again based on those models of what appeals to people.  With that said, you've probably got a good number of years ahead of you. I'm just not sure it will always be sought after."


Ok just the first paragraph then. Whatcha got?  Wait til 2018 and dont be shocked when there is alot of losses for those against Trump. Maybe then it'll hit you that the dying legacy media that hates Trump and LOL gave him a 1% chance of winning on election night, and who normalizes hate and violence against Trump and his supporters, are on the wrong side of history.  Trumps fan base is huge. People are afraid of being attacked or thought less of because they might agree with him. Its a disgusting thing the media has done.


The key question is whether this number includes taxes and insurance. When you get a mortgage in the U.S., the bank wants to be sure that you are paying your property taxes and that you have homeowners insurance. The mortgage is guaranteed by a lien on the house -- if you don't pay, the bank can take your house -- and the bank doesn't want to find out that your house burned down and you didn't bother to get insurance so now they have nothing. So for most mortgages, the bank collects money from the borrower for the taxes and insurance, and then they pay these things. This can also be convenient for the borrower as you are then paying a fixed amount every month rather than being hit with sizeable tax and insurance bills two or three times a year. So to run the numbers: As others point out, mortgage rates in the US today are running 3% to 4%. I just found something that said the average rate today is 3.6%. At that rate, your actual mortgage payment should be about $1,364. Say $1,400 as we're taking approximate numbers. So if the $2,000 per month does NOT include taxes and insurance, it's a bad deal. If it does, then not so bad. You don't say where you live. But in my home town, property taxes on a $300,000 house would be about $4,500 per year. Insurance is probably another $1000 a year. And if you have to get PMI, add another 1/2% to 3/4%, or $1500 to $2250 per year. Add those up and divide by 12 and you get about $600. Note my numbers here are all highly approximate, will vary widely depending on where the house is, so this is just a general ballpark. $1400 + $600 = $2000, just what you were quoted. So if the number is PITI -- principle, interest, taxes, and insurance -- it's about what I'd expect.


thank you so much dannyLameJokes I was talking to a friend and he said I should also learn Java. Do you think it will be of any help in future? btw I am aiming at getting into corporate finance.


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"> Yes, you lied for 3 years  Never attribute to malice that which is adequately explained by stupidity.  Except in this case ""stupidity"" can be replaced with ""a really difficult problem"". That problem is counting.  I work on a web service that counts 30 day active users in the 100s of millions. At this scale counting unique users becomes VERY difficult. Mistakes happen... constantly. We have discovered 3 times in my 3 years in this team that users were being miscounted... by a LOT. It happens, the systems underlying all of our users across multiple platforms are a product of ageing software, unfit for their current task. There isn't enough commitment from management to allocate sufficient resources to actually fix the problem. Defining an active user sometimes isn't even obvious. Accounting for users across multiple platforms and multiple accounts while simultaneously adhering to certain legal and privacy agreements all quickly lead to a difficult task from something that seems simple to someone who has never tried to count at this scale.  Now I'm adding this context with a big asterisk:   \* If it's the primary number that you announce at each earnings call... then you'd better get the fucking count right."


Those are the expected yields; they are not guaranteed. This was actually the bread and butter of Graham Newman, mispriced bonds.  Graham's writings in the Buffett recommended edition of Securities Analysis are invaluable to bond valuation. The highest yielder now is a private subsidiary of Société Générale.  A lack of financial statements availability and the fact that this is the US derivatives markets subsidiary are probably the cause of the higher rates. The cost is about a million USD to buy them. The rest will be similar cases, but Graham's approach could find a diamond; however, bonds are big ticket items, so one should expect to pay many hundreds of thousands of USD per trade.


I am not aware of a single instrument that encapsulates what you are after; but the components do exist. At least in Canada, there are many Options traded on the Montreal Exchange that are based on Toronto ETFs.  All the standard TSX ETFs are represented, as well as some of the more exotic.  With a regular investment account approved for Options you should be able to do what you want. In a parallel vein, there are also double down and up ETFs.  One such example are the Horizons BetaPro series of ETFs.  They are designed to return double the market up or down on a daily basis and reset daily.  They do need to be watched closely, however. Good Luck


Cryptos will grow but they can still be taxed.  If the government ever legitimizes a crypto, it will have conditions like tying your ID to your wallet.  The IRS has already tried to muscle their way into the Coinbase books.  It hasn't happened yet, but I feel like it is only a matter of time.


It's never too early, but age 3 is when we started a piggy bank.  Age 4 is when we opened a bank account. When you go shopping with your children, discuss what items cost (such as bread, milk, books, etc.) Start teaching them that everything has a value...then relate it to how much they have saved.  Kids need to learn 3 basic things from their parents:  how to save/invest, how to spend wisely, how to share/donate


Agree completely. I too have worked non-union jobs my whole life, and I've worked with *plenty* of shitty people, I can count on one hand, maybe one finger, the number of people I've seen fired as well. It's pretty easy to coast, union or not.   > I believe that they are responsible for a majority of improvements to our working conditions and safety.  I believe the same.


There are cases in which some Lease agreements will allow you to exit them without charge, but you cannot simply vacate a location without paying. Cases that would allow you to leave the lease, if they are stated within the lease, are usually for reasons like: If you can prove that you have a job that is over a certain distance from the place you are currently residing in, there may be a clause that would allow you to break you lease, or simply the landlord may be more willing to allow you to go. If situations have changed, and conditions are now such that you cannot safely live in the place, you may be able to break the lease.  If you have a copy of your lease, look for these clauses or others near the end, that's where they appear in mine.  There are also other situations where if you give sufficient notice, and have been a long time tenant, breaking a lease may be only a small fee, certainly worth looking into rather than facing any legal recourse.


Because it shifts that future revenue to today.    They are hoping that this shift, which offsets the other tax cuts, will be offset in the future by increased tax revenue generated from the economic growth created by the tax cuts today.  Also, long term economic effects of tax breaks are largely unknown, as a result the CBO does not really account for them in there model. Due to this, they can't use the theoretical revenue increase to offset the reductions. The CBO projects out 10 years, so they are literally borrowing money from tomorrow to plug a hole that they can't fill today.


"Well the only 2 times I've been scammed were Chinese.  A smartphone scam on swappa and these smart LED bulbs on Indiegogo.  I'll never trust a store front once one of their sellers can get away with that.  With Swappa, items are publicly visible before they're verified and with Indiegogo they say you're investing in an ""idea.""  When the merchant says there is a tangible product and that it will be shipped, it's not an idea.  There is no reason for them to produce anything because the cost is so low to take legal action and there's at least 3 other parties involved in the sell."


Top Gear (~~or was it Grand Tour~~) did a [special on chinese cars](https://vimeo.com/40226173) a few years back. In ~2007, the first domestic chinese cars were worse than Model Ts, then they started stealing IP and by the early 2010s the cars were knockoffs of western brands. Perhaps, they've improved since that time, especially since intentional negligence in manufacturing will lead to a death penalty over there.


I'm assuming you're in the United States for this. I highly recommend getting a CPA to help you navigate the tax implications. Likely, you'll pay taxes as a sole proprietor, on top of any other income you made. Hopefully you kept good records because you'll be essentially paying for the profits, but you'll need to show the revenue and expenditures that you had. If you have any capital expenditures you may be able ton amortize them. But again, definitely hire a professional to help you, it will be well worth the cost.


"Here are the few scenarios that may be worth noting in terms of using different types of accounts: Traditional IRA. In this case, the monies would grow tax-deferred and all monies coming out will be taxed as ordinary income. Think of it as everything is in one big black box and the whole thing is coming out to be taxed. Roth IRA. In this case, you could withdraw the contributions anytime without penalty. (Source should one want it for further research.) Past 59.5, the withdrawals are tax-free in my understanding. Thus, one could access some monies earlier than retirement age if one considers all the contributions that are at least 5 years old. Taxable account. In this case, each year there will be distributions to pay taxes as well as anytime one sells shares as that will trigger capital gains. In this case, taxes are worth noting as depending on the index fund one may have various taxes to consider. For example, a bond index fund may have some interest that would be taxed that the IRA could shelter to some extent. While index funds can be a low-cost option, in some cases there may be capital gains each year to keep up with the index. For example, small-cap indices and value indices would have stocks that may ""outgrow"" the index by either becoming mid-cap or large-cap in the case of small-cap or the value stock's valuation rises enough that it becomes a growth stock that is pulled out of the index. This is why some people may prefer to use tax-advantaged accounts for those funds that may not be as tax-efficient. The Bogleheads have an article on various accounts that can also be useful as dg99's comment referenced. Disclosure: I'm not an accountant or work for the IRS."


"Essentially, your question is ""lump sum vs DCA"" and your tags reflect that. In the long run, lump sum, say a Jan 2 deposit each year, will beat DCA by about 1/2 the average annual market return. $12,000 will see a 10% return, vs, $1,000/month over the year seeing 6%. What hurts is when the market tanks in the first half of the year and you think DCA would have helped. This is a 'feeling' issue, not a math problem.  But. By the time you have $100K invested, the difference of DCA vs lump sum with new money fades, as new deposits are small compared to the funds invested.  By then, you need to know your target allocation and deposit to keep that allocation with new money."


> The alternative is to do nothing.  No.  Make green energy cost less via improvements to the product rather than tax schemes; energy storage with a greater density than petrochem, better designs for solar to reduce the per mgw cost, cover base load electricity generation with nuclear, etc.  If you make conventional energy artificially expensive to nudge people towards renewables then you open the door to politicians gaining power by promising to reduce energy costs to the consumer via removing those taxes you're advocating for.  If you make green energy cheaper than conventional, then people will switch on their own.


House rent allowance:7500 House Rent can be tax free to the extent [less of] Medical allowance : 800 Can be tax free, if you provide medical bills. Conveyance Allowance : 1250 Is tax free.  Apart from this, if you invest in any of the tax saving instruments, i.e. Specified Fixed Deposits, NSC, PPF, EPF, Tution Fees, ELSS, Home Loan Principal etc, you can get upto Rs 150,000 deductions. Additional Rs 50,000 if you invest into NPS. If you have a home loan, upto Rs 200,000 in interest can be deducted. So essentially if you invest rightly you need not pay any tax on the current salary, apart from the Rs 200 professional tax deducted.


"All investors have ultimately the same investment goal: maximize returns while limiting risk to an acceptable level. Of course we would love to maximize returns while minimizing risk, but in most cases if you want higher returns you must be willing to accept higher levels of risk. We must keep in mind that investors are humans, not computers. As such not everybody is willing to accept the same level of risk. Insurance is simply a way to ""buy down"" risk. Yes, it reduces our overall gains (most of the time), but so do bonds vs stocks (most of the time). And yet who among us doesn't have bonds in our portfolio? Insurance is yet another way to balance risk and return."


Because retirement account usually are tax effective vehicles - meaning you will pay less tax on any profits from your investments in a retirement account than you would outside. For example, in my country Australia, for someone on say $60,000 per annum, if you make $10,000 profits on your investments that year you will end up paying 34.5% tax (or $3,450) on that $10,000 profits. If you made the same profits in a retirement account (superannuation fund) you would have only paid 15% tax (or $1,500) on the $10,000 profit. That's less than half the tax. And if you are on a higher income the savings would be even greater. The reason why you can't take the money out of a retirement account is purely because the aim is to build up the funds for your retirement, and not take it out at any time you want. You are given the incentive to pay less tax on any investment profits in order for you to save and grow your funds so that you might have a more comfortable retirement (a time when you might not be able to work any more for your money).


"Ok, I think what you're really asking is ""how can I benefit from a collapse in the price of gold?""  :-) And that's easy. (The hard part's making that kind of call with money on the line...) The ETF GLD is entirely physical gold sitting in a bank vault. In New York, I believe. You could simply sell it short.  Alternatively, you could buy a put option on it. Even more risky, you could sell a (naked) call option on it. i.e. you receive the option premium up front, and if it expires worthless you keep the money. Of course, if gold goes up, you're on the hook. (Don't do this.)   (the ""Don't do this"" was added by Chris W. Rea. I agree that selling naked options is best avoided, but I'm not going to tell you what to do. What I should have done was make clear that your potential losses are unlimited when selling naked calls. For example, if you sold a single GLD naked call, and gold went to shoot to $1,000,000/oz, you'd be on the hook for around $10,000,000. An unrealistic example, perhaps, but one that's worth pondering to grasp the risk you'd be exposing yourself to with selling naked calls. -- Patches) Alternative ETFs that work the same, holding physical gold, are IAU and SGOL. With those the gold is stored in London and Switzerland, respectively, if I remember right.  Gold peaked around $1900 and is now back down to the $1500s. So, is the run over, and it's all downhill from here? Or is it a simple retracement, gathering strength to push past $2000? I have no idea.  And I make no recommendations."


Definitely! BitCoin could also alleviate some of the concern that people might have about their identity/payment details being used to track their browsing habits.  If your payment method is anonymous, and you can register with a pseudonym, you can read all the twilight fan-fic you want!


Sounds like you are starting an investment club. What you need is an investment club partnership agreement. Have a look at this free document. EDIT Based on OP's comments, it appears that the OP will be acting as an adviser/manager of a private investment fund. If the fund is not open to the public, it may still be treated as a type of investment club, but different rules -- including possibly having to register with the SEC -- may apply (quoted from the first link): If the adviser is compensated for providing the advice regarding the club's investments, the adviser may need to register according to the Investment Advisers Act of 1940. Also, if one person selects investments for the club, that person may have to register as an investment adviser. In general, a person who has $25 million or more in assets under management is required to register with the SEC under the Investment Advisers Act of 1940. A person managing less than $25 million may be required to register under the securities laws of the state or states in which the adviser transacts business.


Doesn't mean you can't be morally opposed to the conditions of the animal treatment without it being due to Media sway.    And it also doesn't mean that just because the media hypes up a viewpoint that there aren't justified reasons to agree with that viewpoint.   How else do we hear about information from several states away? Not everyone has friends and family everywhere or who has gone to everything.


>Why not give extra tax breaks for the sale of stock purchased during a public offering (since that goes to helping the company) but not for secondhand (less necessary) trading  Because secondary trading determines how easy it is for companies to raise additional money and it also allows the company to manipulate private vs publicly held stakes in their company.  >Should we give big tax breaks to people who lend businesses money?  There's a difference between lending money and investing in a corporation. Furthermore the income tax code when it comes to lending money via bonds is a complete mess. Corporate bond coupons are taxed like regular income (although the principal return is, of course, tax free). Federal and munis are taxed differently. There is also the advantage that you do get a tax break in the event of default, so any additional risk you take on has some marginal tax benefits.


Ya I decided to keep Instagram as closer friends only. Keep it quite clean since my Facebook is already so out of control it's impossible to totally repair it. I mean have unfollowed hundreds of people but it's still a chore.


I need to see the policy you are referring to give a more accurate answer. However what could be happening, it’s again the way these instruments are structured; For example if the insurance premium is say 11,000 of which 1000 is toward expenses and Term insurance amount. The Balance 10,000 is invested in growth. The promise is that this will grow max of 9.5% and never below zero. IE say if we are talking only about a year, you can get anything between 10,000 to 10,950.  The S & P long-term average return is in the range of 12 -15% [i don't remember correctly] So the company by capping it at 9.5% is on average basis making a profit of 2.5% to 5.5%. IE in a good year say the S & P return is around 18%, the company has pocketed close to 9% more money;   On a bad year say the Index gave a -ve return of say 5% ... The Insurance company would take this loss out of the good years. If say when your policy at the S & P for that year has given poor returns, you would automatically get less returns.  Typically one enters into Life Insurance on a long term horizon and hence the long term averages should be used as a better reference, and going by that, one would make more money just by investing this in an Index directly. As you whether you want to invest in such a scheme, should be your judgment, in my opinion I prefer to stay away from things that are not transparent.


If flying business of first class allows your employee to be more productive, first class or business class is worth it. Small peas compared to the person losing a day’s work due to fatigue. The ticket is worth, what, an extra $1000? A day’s work for an executive is worth easily double that. And if you are flying multiple times a week on a regular basis, the extra comfort is well worth the cost.


I think it's just stratified. Most TV has always been lowest common denominator shit. Soap operas are only marginally better than reality TV. But now there are some channels that cater to only the lowest of the low.   Also, I think Jersey Shore type stuff is more about looking down at the stupid Guidos than anything else. You aren't supposed to view them as protagonists. You are supposed to look down at them for being so trashy.   The people who constantly trash the show Jesery Shore are basically doing the same thing viewers are. Getting entertainment by looking down at people for being trashy.


"The advantage of using a mortgage is that you pay for a house at TODAY's price, using TOMORROW's money. Your question suggests that you rightly observed that it was not a good idea around 2006 (the last peak in housing). That was when prices were at their maximum, and had nowhere to go but down. Some experts think that house prices STILL have further to go on the downside. Meanwhile, wages have been going nowhere during that time. This phenomenon seems to happen about every 40 years or so, the 1930s, the 1970s, and around 2010. At MOST other times, say the 1980s, houses are likely to go up for the ""foreseeable"" future. At those times, you want to buy the house at ""today's"" price, then pay for it in future dollars when you are earning more money. The irony is that what most people observe as teenagers is usually the wrong thing to do when they are, say, forty. In 2035, it will probably make sense to have a large mortgage in a bull housing market, which is the opposite of what you observed around 2010. So a better rule is to do at age 40 what made sense about the time you were born (in your case, perhaps the 1990s). Whereas the people born in the early 1970s that got ""caught"" recently, observed the bull market of the 1980s and 1990s in THEIR teens and twenties, rather than the bear market of the 1970s that took place about the time they were born."


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> Destabilize your direct and indirect rivals/enemies and support governments sympathetic to the us.  destabilizing Iran was for the benefit of a British oil company - who wanted their oil.  destabilizing Guatemala was for the benefit on an American fruit company - who wanted their bananas.  why buy, when you can install US-puppets and get it for free ? /s


There's really no general rule of thumb. There are a lot of factors that go into that decision.   It highly depends on the type of business, your financials and business strategy.   It's a double edged sword because retained earnings lose the potential to provide a higher return. While being cash poor can easily kill a company.  It sounds like you're experiencing significant growth. If there is high market potential and expansion prospects, a safe bet is to keep about 3 months of operating costs accessible while leveraging a bank loan to fund the growth.  That's the best answer I can provide without having any information.


Does the op feel criminals should not be punished ...and in fact, should they have their every whim catered to; ensuring maximum comfort, convenience, and entertainment?   If convicted criminals should spend time behind bars; who should pay for it. You? Me? or the criminal?


"I agree with JoeTaxpayer's answer.  The question you should be asking is not ""how do I spend more"" but ""how do I become happier"".  From what you say, it may be that you could increase your happiness simply by cutting back on these aggressive attempts to save a few bucks here and there. At the same time, if you do this, on some level your personality is probably not the type that would allow to simply ""forget it"".  I think many frugal people are somewhat as you describe: they don't like wasting money.  In such cases, often what matters is not so much the actual saving money as the feeling of saving money.  Therefore, I'd suggest that you take a look at which of the ""money-losing"" activities you mention are really worth it. The easiest ones to drop would be things like the home-improvement project, which even you acknowledge does not save you money.  If you like saving money, give yourself a pat on the back when you hire the contractor.  If you want, run the numbers so you can ""prove"" to yourself how much money you are saving by not doing the work. For some of the other things, it may be that spending time to save a small amount can ""gamify"" an everyday experience and make it more interesting.  For instance, comparing products to save a few bucks is not necessarily bad unless you actually don't like doing it.  If spending a few hours comparing two toaster ovens on Amazon or whatever makes you feel good, go for it; it's no worse than spending a few hours watching TV.  By acknowledging that you get something out of it --- the feeling of getting a bargain --- and savoring that, you can feel better about, and also potentially ""get it out of your system"" so that you won't feel the need to do it for every little thing.  We all have our little pet obsessions, and it's possible to acknowledge that they're irrational, while still accepting them as part of your personality, and finding a way to satisfy them in a controlled manner that doesn't stress you out too much."


You can reduce your capital gains taxes in two ways (USA), off the top of my head:


He would spend it into the economy that is accepting his dollars. As an example, the apple maker might borrow $100 with $10 interest for the deer shank, then later on get the $100 back from the deer hunter in trade for 150 apples, and then pay this $100 to the banker. Now the apple maker still needs $10 to pay off his loan. The banker says he'll trade his $10 in interest profit for 15 apples, now the apple maker can resolve his debt without further borrowing.  The difference between spending interest earnings and issuing a loan is that when the banker is spending, they are getting something for their own use, when they are issuing the loan, they aren't getting anything but the promise to repay that loan.