I have a friend who spent 10 years implementing regulations on high-level internal bank systems before the last crash. Turned out everyone above the system level just did what they wanted anyway. Real big decisions simply bypassed the system and here we are..


But don't worry, we're getting rid of those pesky financial regulations and your ability to sue us. This way we can apologize, fire some scapegoat, and we won't have to face any real consequences. Got to make sure we keep in the black and continue to create American jobs, right? ;)


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For your purposes, I would recommend using direct investment in a no-load mutual fund.  I mostly use Vanguard and would recommend them.  They just about invented index funds, usually have the lowest (internal) expenses for index and many other funds, if you take electronic instead of paper statements there is no maintenance fee, have no transaction commission, can do periodic automatic investment from a bank account etc.  A typical index fund there would require an initial $3000 investment and would have a minimum of $100 for each additional investment.  If you can't come up with an initial sum of that size, you might be able to find a broker with a lower minimum and suitable free ETFs trades as others have suggested.


It seems possible if the Euro is partially/entirely unwound that policies could be enacted to prohibit exactly this behavior, otherwise what will stop outflow to the stronger countries on a massive scale? (Thus amplifying the resulting decade-long clusterfuck)  We've never had this situation in Europe before, and already for Greece and Spain there are suggestions to instigate withdrawal controls. It doesn't seem far fetched to imagine retroactive controls placed on private deposits in newly-foreign-currency banks.  If I were concerned about the Euro's collapse I'd be more inclined to move assets out of the eurozone entirely


This might be useful http://ec.europa.eu/taxation_customs/individuals/cash-controls_en As far as I am aware there should be no issues with anything below 10000. But anything after that you have to declare.


"Don't get all high headed now. The filth you've been spewing today shows that you don't do you own ""cross checking/thinking"". But the fact that you think you do really is telling. Again, you and your buddies at /r/the_Donald are the armpit of humanity.   Again, never said anything about liking Bernie. Again, you are projecting.   And finally, again, your view of the world is just straight up based on fabrication. Learn something about other people, so that you actually can talk about things that you understand, or shut your fucking idiot mouth. You are not helping matters with your ignorance.  You're entitled to your opinion, but when your opinion is that you can say any old stupid thing that pops into your head, you really need to learn to shut the hell up. You're wrong about everything you've said. One day you may realize that. Probably not, but there's always hope."


"Just tired of the bullshit postings stating ""Make $$$ NOW if you know Java or C# and have government clearance!!!!!!!!!!!!!!!!!!!!!!!!!!!'  LinkedIn is on par with craigslist - just different presentation.  Some company that wanted to hire me decided to make me a LinkedIn profile.  I told them to fuck off - intrusive assholes."


I feel like this would be less controversial if we used a different term.  Its like an RF mirror.  I don't know exactly how this tech works, but the gist of it is the implant reflects RF singles in a specific way so that it can work like a key.  I would love to have this in place of my drivers license, credit card, etc.  It would be so convenient.  To open doors at work, doesn't really save me any hassle, because i can just put an RFID card in my wallet.  It'd need to be broader in scope for me to have any interest in it.   I think much of the outrage here is people not understanding the tech.  This isn't a Dr Krieger mind control chip.


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Advantage of filing online (at least with TurboTax) is that they keep a record of your prior year taxes on their servers.  Also, you could fill some stuff out at work, and then go home and continue where you left off.  You also wouldn't have to mess with installing software. File online.


Group RESPs are a bit like a true mutual insurance company. You all pay into the fund, and then, depending on the number of kids that are in school that particular year, you get paid a certain amount. Advantages could be that if you end up with one or two years of only your kid in school and nobody else's in that age bracket, you get more money. Disadvantage for the same-reverse reason also could be true. Another advantage of regular programs, unlike pooled, is that if you do not use all the money, then some/all of the remaining funds may be transferable to an RRSP. Personally I would not invest in one, unless it was more like a specific investment-club that I knew everybody.


"I actually had a similar situation when I tried to buy my house. I paid off all my loans and was proud of my ""debt free"" status. I had no car note, no student loans... absolutely no debt, but I did have a bank-issued credit card. (USAA, not Chase, but I assume the same may apply).   When I tried to get a home loan they told me I had ""absolutely no information on my credit report."" AKA I had no credit. The mortgage lender had no idea what was going on, nor did I or anybody else. It took a lot of research before I realized that the credit bureaus use a formula for the credit rating that involves a lot of things, but if you haven't had a current line of credit reported to the agency in over a year (maybe it was longer, I didn't have anything for 3 years) you aren't going to have a credit score.   Because I was ""debt free"" I was also credit report free and eventually the credit bureaus had nothing to go on, and my score disappeared. The bank-issued credit card was on my credit report, but they didn't report monthly balances so the bureaus couldn't use it to determine if I was paying off the card or if I even had a balance on it. It was essentially not doing my credit any favors, despite what I had thought. In short, based on the fact that you have no debt in her name, and you have taken on all debt in your own name, its very plausible that she has no credit rating anymore. It won't take long to get it back. Once you have ANYTHING on your credit that's actually reported the formula can kick back in and look at credit history as well as current credit and she'll be fine."


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Agree. Ony shit thing is they outsourced CS to India or some asian country. Being they make stupid money why the heck not make the country that created you a place where you have all services. Sadly the cost of companies always having VCs that have no heart for people but just for coin. Like a bread of little fingers :)


Taxes do not translate into income for the poor maybe under certain circumstances, but that's not true at all in general. Transfer payments, healthcare, education... those are areas where increased tax dollars correlate with increased income for the poor.   It certainly wouldn't be effective if those tax dollars went to the military, but it would undeniably increase income if it were distributed as transfer payments.


"There's a significant difference between ""discount"" and ""surcharge"". For starters - legal difference. If you have a list price of $X - that's the price you're committed to sell regardless of the payment method. So it doesn't matter if I pay with cash or credit - I'll pay $X. However, it costs you more when I pay with credit - so you want to pass that cost on me. You charge me surcharge - an addition to the price. In some States in the US and in some other countries - that is against the law. You cannot add on top of the listed price any amount regardless of the payment method. However, you can say that the list price is $X, which includes the assumed credit card surcharge of $Y. And then you give discount of $Y to anyone not paying with credit card. The list price is still $X, regardless of the payment method. You don't have to give the discount, the discount is your cost of doing business. But that would be legal in some places (not all!) that forbid credit card surcharge. So the main difference from legal perspective is that you're not allowed to add to the list price, but you're allowed to discount from it. Regarding taxes - exemption/deduction is not a penalty for negative. Exemption/deduction is an implementation of a social policy. For example, it is for the public benefit for everyone to own a house. So the Congress comes up with a deduction of mortgage interest. However, you're not penalized if you don't own a house by paying higher taxes. Your tax rate doesn't change. You just don't get to deduct something that you might be able to deduct had you owned a house with a mortgage. This is, again - a discount of a list price, not a surcharge. You're not penalized if you don't have a house or don't have a mortgage, but if you do - you get a break. The author you're quoting claims that bottom line would be the same as if you considered the absence of a deduction as a penalty. But that's not true, because even if you do have a mortgage you may not be able to deduct it because your income is too high, the mortgage is for too much, or your mortgage is not on the primary residence. So mere existence of the mortgage doesn't directly correlate to the existence of the deduction. Similarly with credit card surcharges - you may get a cash discount, but you may get the similar amount of money back even if you use a credit card. Not as a cash discount but rather as rewards, cash-backs or points. However, if there's no cash discount, you won't be getting these if you're paying cash. So again - you're not penalized for having a credit card by not getting a discount, because you may still get it in a different way - and if you don't, you still may end up not getting it. So the quote is a rather simplistic and negative view and more of an opinion than stating a fact."


Consumerist posted a list of how long to keep bills.


The biggest challenge as a young person maxing out a 401k in my opinion is the challenge of saving for a house, and (if necessary) paying off student loans. You have to consider - are you OK renting for the next 3, 5, 10 years? Or do you eventually want to buy a place? how much will that cost vs your current expenses?  That being said, I didn't max out but had over 8-10% of 401k contribution in the same situation you're in right now and I don't regret it.  Rereading your question, I see you are considering investing in a Roth IRA. Especially at your current age, assuming your wages will go UP, investing to the company match with the 401K and then maxing out a Roth IRA would be my recommendation. THEN continue maxing out the 401k (if you wish).  P.S. I highly recommend doing two things if you go down this path:


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Not just jobs, entire companies were created. It opened up a whole new market. Then, with the iPhone coming out - competitors came out with their versions (Android, which distribution came out around 2007), which did the same thing except in a different market I'd like to attribute to Apple's iPhone.


Since most developed countries view a low but positive inflation rate as ideal, it is very likely that we will end up with positive inflation.  However, modern societies such as Japan have experienced extraordinarily long periods of deflation.  In their case, however, it is mostly due to a political unwillingness to impose the costs on savers, as savers are politically in control. As to your point about things being so much cheaper in our grandparents' days, this is actually completely untrue for the vast majority of goods when measured in real terms (e.g., relative to the median workers' wages).  Today a decent bicycle can be bought with the average worker's earnings over a few days, whereas our grandparents would have had to work over a month.  A modern radio can be bought for perhaps an hours' worth of work ($10 on amazon.com), but our grandparents may have had to spend months working to buy their first radio.  There is no reason for this trend not to continue. Point is, inflation is not such a bad thing so long as wage growth keeps up or exceeds it.


I'm referring to yachts in my link.  Most of the yachts listed in my link are significantly more valuable than the yacht in the article. Also, just because a $70mm yacht is listed for $40mm, doesn't decrease its running costs by a similar amount.  Also, the borrower listed in the article is no longer a billionaire, not by a long shot so my point still stands even at the number you mention.


"This is probably skewed, because most people see their credit-cards as ""emergency savings"".  But the real problem happens that once you have an emergency, it turns into two.  1) *Emergency*  2) Maxed out credit-card emergency."


"The guideline for the size of an emergency fund is just a guideline.  I've usually heard it expressed as ""3 to 6 months,"" but everyone has a different idea of exactly how big it should be. The purpose of the fund is to give you enough cash to be able to pay for unexpected expenses that have come up that you have not budgeted for without you having to borrow money to pay for them. To figure out how big this fund should be, we look at the worst case scenario.  Suppose that you lost your job tomorrow.  What would you do? Cut your expenses.  You'd probably be much more careful how you spend money. Secure health insurance.  This would be done by either continuing your employer's policy with COBRA, or by purchasing your own insurance, likely through the Obamacare/ACA market.  Keep in mind that most likely your employer is paying for a portion of your insurance now, so this expense will go up quite a bit no matter which option you choose. Look for another job.  You'd probably begin your search for a new job immediately. The size of your emergency fund determines how long you will be able to go without income before you need to start a new job. Regarding cutting your expenses, it is up to you how much you would cut.  There are things that are easy to cut temporarily (or permanently), such as restaurants, entertainment expenses, vacations, etc.  You would probably stop retirement investing until you have income again.  The more you cut, the longer your emergency fund would last.  Things you don't want to cut are necessities, like housing, groceries, utilities, transportation, etc.  I would also include health insurance in this list.  Certainly, if you have a pre-existing condition, you do not want to let your health insurance coverage lapse. Your employability is also a factor.  If you believe that you would have an easy time finding similar employment to what you have now, your emergency fund might not need to be quite as big as someone who believes they would have a harder time finding another job."


Just watch these videos and you will definitely have a basic overall understanding of finance/econ:  > [Overview of Finance by Ackman](https://www.youtube.com/watch?v=WEDIj9JBTC8)  > [How the Economic Machine Works by Ray Dalio](https://www.youtube.com/watch?v=PHe0bXAIuk0)  A lot of universities have entire courses they put online. For example, Yale's open course on Financial Markets is excellent:   > [Yale Econ 252](http://oyc.yale.edu/economics/econ-252-11)  > [Youtube mirror](https://www.youtube.com/playlist?list=PL8FB14A2200B87185&feature=plcp)


Get a Mac, then partition part of the drive for Windows. This is the best of both worlds, honestly. Windows has yet to come close to the intuitive and fluid interface that is OSX. Excel for OSX is terrible (poor macro/VBA support, formulas produce different outcomes, etc) so you'll want to use Windows.


Thanks for your reply. I understand what all of the functions are, however, what I want to know is what I will be doing in Layman's terms. I guess I would just like to know what a day-in-the-life of what I would be doing will be. I would also like to know what I should expect during the phone interview I am having on Monday.   Thanks for your help on the matter


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"Your bank uses ClearXchange, not you. It is not a website where you open an account, like many others, but an inter-bank transfer system based on email addresses, kind of like free wire transfers between everyone. You don't have to set anything up, just accept the payment, and the money appears in your account (assuming the client used the email address your bank has on file for you). However, if you still don't want it, you can just ignore it. There is a timeout when his transaction gets auto-cancelled, and he gets his money back. Here is an example text from the 'fine print' (my highlighting): ""[...]We will continue our attempts by sending a second notice of a transfer to the recipient, and providing the recipient a period of nine (9) succeeding Business Days to register in the Service, or the person-to-person payment service of clearXchange, Zelle or a Network Bank. At the end of this period, if the recipient still has not registered, the transfer request will be Cancelled. The sender may cancel the transfer at any time during this ten (10) day period if the recipient is not registered at the time of cancellation.[...]"" (https://chaseonline.chase.com/Public/Misc/LAContent.aspx?agreementKey=chasenet_la)"


The idea is that paying your employees more confers benefits that are worth the cost. Paying employees more than they produce for you is (almost) always not a good idea. However, if paying higher wages has advantages, those advantages persist or are enhanced by other companies not paying higher wages.


"I can think of the following situations in which one could see a trade occur between the visible best bid & offer: 1) on a public exchange, people have posted hidden limit orders with either bid prices above the best visible bid or offers below the best visible offer, and incoming orders have executed against this hidden liquidity[1]; 2) some orders may have been matched in dark pools which offer ""mid-point matching"" where buy and sell orders are matched using the mid-point of the best available publicly posted bid and offer as the reference price, and which executed trades are then reported to the public markets; or 3) some internalising broker has traded off exchange directly with a client and is now reporting the trade to the public as is often required. Now how exactly any of the above situations indicates that a ""trend is about to come to an end"", I do not know. [1] Exchanges often match orders on a price/visibility/time basis, whereby the orders are prioritised by price (better prices get to trade first), then by visibility (visible orders get to trade first) then by time (first come, first serve)."


According to Wikipedia, import duties on goods range from 5-22% on everything but cars (30-100%) and a handful of other goods (no import duties). Since almost everything must be imported, you will still be paying the taxman, just on the consumption side.


The only way to avoid paying the corporation tax is buying a house for say $100,000 and then letting it burn down by accident. So your money is gone without anything to show for it, your profits are gone, and you pay no corporation tax.  You pay corporation tax on profits. Profits that you invest are still profits.


On paper the whole 6 months living costs sounds (and is) great, but in real life there are a lot of things that you need to consider. For example, my first car was constantly falling apart and was an SUV that got 16MPG. I have to travel for work (about 300 miles per week) so getting a sedan that averages close to 40MPG saves me more in gas and maintenance than the monthly payment for the new car costs. When our apartment lease was up, the new monthly rent would have been $1685 per month, we got a 30 year mortgage with a monthly payment of $1372. So buying a house actually let us put aside more each month. We have just under 3 months of living expenses set aside (1 month in liquid assets, 2 months in a brokerage account) and I worry about it. I wish we had a better buffer, but in our case the house and car made more sense as an early investment compared to just squirreling away all our savings. Also, do you have any debt? Paying off debt (student loans, credit card debt, etc.) should often take top priority. Have some rainy day funds, of course, but pay down debts, and then create a personal financial plan for what works best in your situation. That would be my suggestion.


I know in the instance that if my MAGI exceeds a certain point, I can   not contribute the maximum to the Roth IRA; a traditional IRA and   subsequent backdoor is the way to go. My understanding is that if you ever want to do a backdoor Roth, you don't want deductible funds in a Traditional account, because you can't choose to convert only the taxable funds. From the bogleheads wiki: If you have any other (non-Roth) IRAs, the taxable portion of any   conversion you make is prorated over all your IRAs; you cannot convert   just the non-deductible amount. In order to benefit from the   backdoor, you must either convert your other IRAs as well (which may   not be a good idea, as you are usually in a high tax bracket if you   need to use the backdoor), or else transfer your deductible IRA   contributions to an employer plan such as a 401(k) (which may cost you   if the 401(k) has poor investment options).


Quite a few stock broker in India offer to trade in US markets via tie-up brokers in US. As an Indian citizen, there are limits as to how much FX you can buy, generally very large, should be an issue. The profits will be taxed in US as well as India [you can claim relief under DTAA]


"Most people don't understand the fact that most of the extra ""Ticketmaster fees"" go directly to the venue/promoters of the event. Instead of charging $80/ticket, they are able to advertise $50/ticket with $25 service fee, $5 shipping fee, and $3 convenience fee. Ticketmaster gets a small slice of the overall pie and allows their brand to take a hit for it.   I don't see Amazon entering the game changing much about that unless they find ways to systematically bring down scalpers."


There's no such service. The Israeli Credit Cards law is such that it will be very easy to defraud credit card issuers if such service was available. Check with the postal company if they allow doing it through their bank account, although their online service was horrible last time I checked. This is obviously country-dependent as laws differ from place to place.


I would not expect any problems. Your interest will have tax deducted at 20% which I don't think you would be entitled to reclaim because you don't get a personal allowance if you aren't resident in the UK, and unless you have a huge amount of UK earnings you would not be legally liable to any higher rates of tax so there would be no issues there. If you were liable to more tax you would be obliged to inform the Inland Revenue.


How much Federal Capital Gains, NYS Income tax and local tax should I expect to pay? You're going to net about 2.4 millions of dollars. Federal long term capital gains tax is 20% (plus 3.8% medicare), NYS is 8.82%. Does it make sense to investigate the tax benefits of financing the sale for the buyer? Yes. Have your tax adviser check the options for you (financing, instalment, etc), especially if you have no other US-sourced income. Tax treaties are also something your tax adviser should be looking at. Be sure your tax adviser is properly licensed in New York as either EA, CPA or Attorney. Don't do anything without a proper tax advice.


That's a huge misinterpretation of the theory and jumps to an incorrect conclusion.  Likely small town shopping malls that have been beat by Wal-Mart and Amazon. Same average amount of people shopping in person, but for different things at different proces


"In the US, ""business class"" doesn't normally exist.  Major carriers have Economy or First.  And I bet you can count on one hand the number of employers who will spring for a domestic first ticket for rank-and-file employees."


Remember that due to inflation you are paying back the loan with cheaper dollars in the future.  If there are no gimmicks in the loan like early payment penalties, or must pay by a certain date or that the credit was for a store that sold the products at a higher price than you could get elsewhere then you are not just getting free money they are paying you to take the money.


HP needs to knuckle down and focus on core principles if they want to survive. Time was they were synonymous with printing, they need to get back to that. Stop making disposable inkjets that are cheaper to replace than purchase ink for. Start making bulletproof hardware with 100,000 duty cycles like the old HP Laserjet 4s that many companies still run because the new stuff is shite.


"It's probably only due to a bunch of ""well can't we just over design it, market it slick, and sell the same crap our competitor does with a higher price and margin? I mean it works for Apple, right?"""


This may not help with the overall grocery issue, but I find that there are items that I can do without the name brand version of.  A handy rule-of-thumb is to start with the least-expensive brand and work your way up, until you find one that your family likes.  For instance, I've learned I can do without French's mustard in favour of no-name, but there's no way I can live without Kraft peanut butter.


"According to the article, the IRS issued a ""stop-work Order"" for the contract with Equifax while it undertakes an investigation. I have to assume that the contract laid out termination provisions, so it's likely that the IRS is making sure that they don't do anything which appears to be a breach of contract and gives fuel to Equifax to sue (frustrating, I know).  What I really like is the statement released by Equifax following the decision by the IRS: “We remain confident that we are the best party to perform the services required in this contract.""   How delusional do you have to be to make a bold statement like that after what happened?"


> and actively hacking an election  I thought the jury was still out on that and the main focus was still about media manipulation and leaks intended to impact the election, not manipulating results or registration (some hackers seem to have accessed voter registration databases though..).  Did I miss something? There is so much noise at the moment it's sometimes hard to spot.


"And that is exactly where the problem lies, you yourself admit you work like a horse, that you constantly are trying to improve yourself. Do you think you are the only one? Don't you think a million others are doing the same things? This is exactly where the problem arises, its a race to the bottom. Oh just learn to code, just learn another language, blablablah. That will hardly make you more competitive if a million other people are doing the same thing. Honestly, you cannot expect a million people to go through higher education again, you can't expect millions to improve their skills in a world where there are more people than jobs, in a world where everyday automation makes another chunk of the population permanently unemployable.  And yes, never forget the token rich person. One random person managed to escape poverty? Ok, let's ignore all the data showing that social mobility is virtually non-existent in todays society, the system most work, if one out of 4 billion people in poverty managed to escape.  Why is it such a radical idea that in a world where there are more people than jobs, in a world where food roots away, medicine keeps waiting on the shelves and many ""gentrified"" houses are empty while right next to them there are homeless people, that in such a world, a person is entitled to some food, shelter and medical aid?"


Don't worry about it, it looks like many articles written by non-native speakers.  Practice makes perfect and it looks like you are heading in the correct direction.  Most of the mistakes are little things like missing articles.  One thing I noticed is that you could work on is articles.  For instance the first sentence should be The Russian Government.  Good luck!


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This is so messed up. One would think that those who choose to farm organically would choose to do so morally. Yet, big business has bastardized the organic conversation. This is why small local organic farms and ranches are still, and will always be the more moral and confident choice for sustainably oriented consumers.


Revenue does not equal income.  Income is, more or less, synonymous with profit. It is the amount of money earned after expenses.  A corporation is taxed on its revenue after its deductible expenses have been removed, the same as a person is.  It's kind of double taxation, but it's kind of the same argument as saying that payroll taxes in addition to income taxes are double taxation.  Also of note: taxes on dividends are lower than normal taxes because of this double taxation.


">""Engineers cant even reliably get a robot to recognize an object like a chair.""  My first thought in response to your statement was that you were wrong, but then I started thinking about the very wide variety of what we consider to be a chair and I realized that thats actually quite true, especially if you include modernist or upholstered chairs in the set of chairs .    However, I think thats a bad example, because not being able to do that particular task reliably and rapidly for another five years or so without spending a huge amount of money isn't going to save any particular jobs that I know of. Because we're not at the stage yet where we need to solve those particular kinds of problems.   The kinds of machine vision problems that are impacting jobs are much more mundane and much easier to solve.  For example, distinguishing between kinds of fruit, produce, etc. in a grocery, or determining visually if fruit is ripe, etc, in various agricultural applications."


As someone with a friend who received a cease and desist from Lego over a niche lego related product very similar to what is described, I seriously doubt that Lego has changed their notoriously litigous stance.  In fact, they've tried to sue people who made products compatible with lego before and failed in court.  This article is probably just spinning an awareness that they don't have a legal leg to stand on into a benevolent attitude.


Berkshire Hathaway's earnings for the last reported quarter were $6.395 billion, which works out to $822 in profit per second, 24 hours a day, seven days a week. This is directly the result of about 50 years of carefully applying the value investing philosophy.


I was in a similar situation years back and I refused to pay the bill. My point of view was that I provided the hospital with all information needed to submit the claim in a timely matter and that I should not be held responsible for their failure to do so. In the end they waived the charges. So while technically I might have been responsible for paying the charges, in reality I think they decided it wasn't worth the hassle of making me (I would have fought it all the way up to the top). Not sure that I would recommend this approach though :)


"The first thing you have to do is to decided what area in finance you want to get into. For example, investment banking and quant are very different jobs. Learning all the CFA material is useful, so you might as well take the exams too while you are at it. You may be able to get into financial IT or some type of financial programming job. That is one step closer to your goal because at least you will be at a finance company and you can network with people that are in the field.  Also, if you want to go into the buy side like I did, I recommend you invest your own money and manage your own portfolio. That way you would have some intimate familiarity with some companies/strategies. You can't get this from a textbook. There is something a little wrong with someone who wants to manage other people's money when he doesn't manage his own. That is a tough sell.  You can't be too picky about where you get in. Getting in the door is the most important. I got a lot of quant interviews because I was an engineer. Those interviews consist of a lot of math and brain teaser type questions. For fundamental analyst positions, they will typically want to figure out how you think about businesses/companies.  You can typically steer the interview any way you want, which is why I think it is important that you invest your own money. If you say ""the largest position I hold is in XYZ company"", you can be 99% certain that they will be asking about that investment for the next 15 minutes (at least). That is your opportunity to show how you can add value.  Most companies prefer students for entry level, because why hire a guy who is already working in another field when you can get someone fresh? I stood out in the interviews because I could say ""I put $50k into this position because..."". It's not the only way to do it, but I can only provide you with my anedoctal experience."


If I were a fan of Tim Hortons, I'd be concerned that BK's ownership (namely the private equity firm 3G which has a 51 per cent stake) runs Timmy's like it ran BK. A succession of private equity firms have sucked every penny of capital they could out of BK, enriching themselves and gutting BK in the process.  [Fortune Magazine](http://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CB8QFjAA&url=http%3A%2F%2Ffortune.com%2F2012%2F04%2F13%2Fburger-king-is-too-big-to-fix%2F&ei=hsj6U8D9MI7noATZkYLYBA&usg=AFQjCNG1accTGUmKkrd2puXwOwh2wC742w&sig2=z7oJ7iLyTacDwO7wjMlN0g&bvm=bv.73612305,d.cGU) describes what they did:  >Our view is that the overriding motivation of several owners throughout the years, and now 3G Capital, has been to starve the brand of capital in order to pay parent shareholders nice and quickly... By our reckoning, the last two private equity firms that have taken ownership of the company have deprived it of $1 billion or more in capital that could have been used to improve the company’s relative standing versus its competitors, many of whom Burger King now struggles to keep up with.  [Bloomberg Businessweek](http://www.businessweek.com/stories/2006-04-09/burger-king-wheres-the-beef) describes how they did it:  >... this past February [2006], Burger King borrowed an additional $350 million so its owners could pay themselves and its two partners a special $367 million dividend.  The private equity owners weren't content to raid BK's bank account for everything in it. They borrowed hundreds of millions of additional dollars, piling debt onto a struggling burger chain just to give that money to themselves.  Burger King is a shitty, uncompetitive burger chain with an outdated menu, dilapidated stores, and invisible marketing.  Tim Hortons may be just the next victim for these private equity vampires to suck dry after wringing out all the capital and debt they could out of BK.


If you go through the web pages of some online brokers, you will find out that some of them allow you to manage friends/relatives accounts from your account as a trusteer. That should really solve your underlying problem, you will need only one login, etc. (Example: https://www.interactivebrokers.com/ff/en/main.php) If I understand it right it will even allow you to make one trade splitting the cost and returns among the other accounts, but you would have to verify that. Anyways, that will save you a lot of trouble and your broker can probably help you with the legal necessities.


Everyone complaining about fraud and jail time have no idea what they are talking about. Fraud in a financial sense is very difficult to prove. It is also very expensive to litigate. Furthermore, there is little evidence there was any actual fraud. Rather a number of things just went wrong. At the time, you had the Chairman of the Federal Reserve Ben Bernanke and the Treasury Secretary Henry Paulson both going on TV saying subprime wasn't an issue and even if it was it wouldn't affect the wider mortgage market. The regulators knew what was going on and did nothing at the time because none of the economic models anyone used showed we would go into recession.


"I think the answer to this is just ""no.""  It's not commonly available to have the option to obtain a mortgage at a fixed amount and fixed rate, especially over a timeframe like the 5 yrs you mentioned in your question.  There would be several practical problems with such a thing, including but not limited to: As was noted in a comment to your question, it is common to be able to ""lock"" a rate over a period of days to weeks.  This isn't the same as what you asked though, because it's much shorter term and it's typically tied to having an offer accepted on a specific house."


Put it in the bank and earn the meager interest rate.  By far your most important investment is finishing your education and as such this money might be needed to do so. If you don't need the money during your education you will undoubtedly need it for a new apartment/furnishings/moving expenses.


"If you are looking for numerical metrics I think the following are popular: Price/Earnings (P/E) - You mentioned this very popular one in your question.  There are different P/E ratios - forward (essentially an estimate of future earnings by management), trailing, etc..  I think of the P/E as a quick way to grade a company's income statement (i.e: How much does the stock cost verusus the amount of earnings being generated on a per share basis?). Some caution must be taken when looking at the P/E ratio.  Earnings can be ""massaged"" by the company.  Revenue can be moved between quarters, assets can be depreciated at different rates, residual value of assets can be adjusted, etc..  Knowing this, the P/E ratio alone doesn't help me determine whether or not a stock is cheap. In general, I think an affordable stock is one whose P/E is under 15. Price/Book - I look at the Price/Book as a quick way to grade a company's balance sheet.  The book value of a company is the amount of cash that would be left if everything the company owned was sold and all debts paid (i.e. the company's net worth).  The cash is then divided amoung the outstanding shares and the Price/Book can be computed.  If a company had a price/book under 1.0 then theoretically you could purchase the stock, the company could be liquidated, and you would end up with more money then what you paid for the stock. This ratio attempts to answer: ""How much does the stock cost based on the net worth of the company?"" Again, this ratio can be ""massaged"" by the company.  Asset values have to be estimated based on current market values (think about trying to determine how much a company's building is worth) unless, of course, mark-to-market is suspended.  This involves some estimating.  Again, I don't use this value alone in determing whether or not a stock is cheap. I consider a price/book value under 10 a good number.   Cash - I look at growth in the cash balance of a company as a way to grade a company's cash flow statement.  Is the cash account growing or not? As they say, ""Cash is King"".  This is one measurement that can not be ""massaged"" which is why I like it.  The P/E and Price/Book can be ""tuned"" but in the end the company cannot hide a shrinking cash balance. Return Ratios - Return on Equity is a measure of the amount of earnings being generated for a given amount of equity (ROE = earnings/(assets - liabilities)).  This attempts to measure how effective the company is at generating earnings with a given amount of equity.  There is also Return on Assets which measures earnings returns based on the company's assets. I tend to think an ROE over 15% is a good number. These measurements rely on a company accurately reporting its financial condition.  Remember, in the US companies are allowed to falsify accounting reports if approved by the government so be careful.  There are others who simply don't follow the rules and report whatever numbers they like without penalty. There are many others.  These are just a few of the more popular ones.  There are many other considerations to take into account as other posters have pointed out."


This is taxed as ordinary income. See the IRC Sec 988(a)(1). The exclusion you're talking about (the $200) is in the IRC Sec 988(e)(2), but you'll have to read the Treasury Regulations on this section to see if and how it can apply to you. Since you do this regularly and for profit (i.e.: not a personal transaction), I'd argue that it doesn't apply.


Just looking at CONED, [here is gas](https://www.coned.com/_external/cerates/documents/average_monthly_gas_bills.pdf) and [here is electric](https://www.coned.com/-/media/files/coned/documents/accountandbilling/about-your-bill-rates/average_monthly_electric_bills.pdf).   You'll have to forgive me -- when it comes to NY, I'm more familiar with gas and with residential rates, so what I said doesn't hold true across the board for electric commercial customers.   For residential electric, starting in 2009, delivery started outpacing commodity charges; by 2015 (not sure why they haven't posted 2016 data yet), $29 worth of electricity cost you $49 in delivery charges. For residential gas, the flip occurred in 2010 and was much more significant -- in 2016, a customer whose bill is just over $100 paid $75 for delivery and $25 for the actual gas (part of that is that gas prices are low, part of it is that delivery costs have gone up nearly 50%).   Each utility is different, so the [gas info is here](http://www3.dps.ny.gov/W/PSCWeb.nsf/All/85297E80413DBEDB852581A6006261BE?OpenDocument) and the [electric info is here](http://www3.dps.ny.gov/W/PSCWeb.nsf/ArticlesByTitle/0B9E6D4CE48E09EE852578570055E27B?OpenDocument) if you're interested.   I'm not sure about primers -- I haven't really looked for them -- but I know that many companies and brokers do have some materials on their websites.  For electricity in particular, I'm much more familiar with Texas than New York, but a lot of the principles are the same: look at your bills and make sure you understand all the charges and what your usage/demand is (especially over the course of a year), look up the [utility tariff](http://www3.dps.ny.gov/W/PSCWeb.nsf/ArticlesByTitle/1ABA5E2E4E08F72585257687006F3AB1?OpenDocument), and make sure everything lines up.  I harp on demand charges (a charge based on your peak energy usage during any set interval of time -- 15 minutes in TX, not sure about NY) because that's where commercial customers can get stuck paying really high charges.


"> This is an idea that was actually put into place more than a 100 years ago, in 1896 and even before, when the first electric cars were introduced and they even built ""service stations"" for them so you can swap the batteries. [read it here]  > Even electric cars made by Tesla are nothing new.  > And recently, a company called ""Better Place"", in Israel, produced modern electric cars with automated and robotic service stations that will swap the batteries for them. Read about ""Better Place"".  > Bottom line: nothing new here for more than 100 years."


"The question is, how do I exit? I can't really sell the puts because there isn't   enough open interest in them now that they are so far out of the money. I have about $150K of funds outside of this position that I could use, but I'm   confused by the rules of exercising a put. Do I have to start shorting the stock? You certainly don't want to give your broker any instructions to short the stock! Shorting the stock at this point would actually be increasing your bet that the stock is going to go down more. Worse, a short position in the stock also puts you in a situation of unlimited risk on the stock's upside – a risk you avoided in the first place by using puts. The puts limited your potential loss to only your cost for the options. There is a scenario where a short position could come into play indirectly, if you aren't careful.  If your broker were to permit you to exercise your puts without you having first bought enough underlying shares, then yes, you would end up with a short position in the stock. I say ""permit you"" because most brokers don't allow clients to take on short positions unless they've applied and been approved for short positions in their account. In any case, since you are interested in closing out your position and taking your profit, exercising only and thus ending up with a resulting open short position in the underlying is not the right approach. It's not really a correct intermediate step, either. Rather, you have two typical ways out: Sell the puts.  @quantycuenta has pointed out in his answer that you should be able to sell for no less than the intrinsic value, although you may be leaving a small amount of time value on the table if you aren't careful.  My suggestion is to consider using limit orders and test various prices approaching the intrinsic value of the put.  Don't use market orders where you'll take any price offered, or you might be sorry. If you have multiple put contracts, you don't need to sell them all at once. With the kind of profit you're talking about, don't sweat paying a few extra transactions worth of commission. Exercise the puts.  Remember that at the other end of your long put position is one (or more) trader who wrote (created) the put contract in the first place. This trader is obligated to buy your stock from you at the contract price should you choose to exercise your option.  But, in order for you to fulfill your end of the contract when you choose to exercise, you're obligated to deliver the underlying shares in exchange for receiving the option strike price. So, you would first need to buy underlying shares sufficient to exercise at least one of the contracts.  Again, you don't need to do this all at once.  @PeterGum's answer has described an approach. (Note that you'll lose any remaining time value in the option if you choose to exercise.) Finally, I'll suggest that you ought to discuss the timing and apportioning of closing out your position with a qualified tax professional. There are tax implications and, being near the end of the year, there may be an opportunity* to shift some/all of the income into the following tax year to minimize and defer tax due. * Be careful if your options are near expiry!  Options typically expire on the 3rd Friday of the month."


That's not why they are mad. From the article:  'However, Oliver found court documents stating Alpha later asked its bankruptcy trustee if the coal company could save $3 million by cutting health and life insurance benefits of around 1,200 non-union retirees — so that the company could then pay $11.9 million in bonuses to fifteen top executives, including Crutchfield.'


The solution is clear: You need to find a second job and work on the weekends and use that to pay off your debt.  You're only 25, you need to scrimp every ounce of your extra energy and pay off your debts by age 30.  You can do it by working a second job, and by working harder at your current job and getting promotions and raises.


Jimmy sinh ra trong một gia đình đều làm giáo viên, quan điểm kiếm ra những đồng tiền chân chính được hình thành từ nền giáo dục của gia đình. Nghèo cho SẠCH … rách cho THƠM => chính là thông điệp mà Jimmy truyền tải tới các ace đang hoạt động trong nghề Tư vấn Đầu tư.  Nhớ lại thời kỳ đầu tham gia nghề tư vấn, phải tới tháng 3 năm 2010 thì Jimmy mới có thu nhập từ việc cung cấp chiến lược đầu tư và tiền thưởng khi gỡ lệnh thành công cho Nhà đầu tư. Tuy những đồng tiền đó không ổn định nhưng đã thúc đẩy cho Jimmy niềm hạnh phúc khi đến với thị trường đầu tư Vàng Tài Khoản.


"Wow,  I cannot believe this is a question.  Of course reading the 10Ks and 10Qs from the SEC are incredibly beneficial.  Especially if you are a follower of the investing gurus such as Warren Buffett, Peter Lynch, Shelby Davis.  Personally I only read the 10K's I copy the pertinent numbers over to my spreadsheets so I can compare multiple companies that I am invested in.  I'm sure there are easier ways to obtain the data.  I'm a particular user of the discounted free cash flow methodology and buying/selling in thirds. I feel like management that says what they are going to do and does it (over a period of years) is something that cannot be underestimated in investing.  yes, there are slipups, but those tend to be well documented in the 10Qs.  I totally disagree in the efficient market stuff.  I tend to love using methodologies like Hewitt Heisermans "" It's Earnings that Count"" you cannot do his power-staircase without digging into the 10Qs.  by using his methodology I have several 5 baggers over the last 5 years and I'm confident that I'll have more.  I think it is an interesting factoid as well that the books most recommended for investing in stocks on Amazon all advocate reading and getting information from 10Ks.   The other book to read is Peter Lynch's one-up-wall-street.  The fact is money manager's hands are tied when it comes to investing, especially in small companies and learning over the last 6 years how to invest on my own has given me that much more of my investing money back rather than paying it to some money manager doing more trades than they should to get commision fees."


If you buy a car using a loan, the dealer gets benefited by the financing institution by the way of referring fee paid to the dealer by the institution, and that too if the dealer has helped in financing the purchase. Otherwise for the dealer it doesn't matter if one pays in full or through financing. The dealer is paid in full in either cases. Hence the dealer may slightly get disappointed that you are not taking a loan.


I'd imagine you want to keep the utility bills around to dispute any historical billing errors or anomalies for perhaps 6 months to a year. Beyond that, you always have the financial records of making the payments -- namely, your bank statements. So what benefit is there in keeping the paper receipts for utility payments around for longer than that? I say shred them, with extreme prejudice -- while wearing black Chuck Norris style.


You cannot. Even if your children actually have that money - your fiduciary duty is to them, not to yourself. You cannot gift away money they own for your own purposes. They have to want to gift it away, since it belongs to them. I doubt they do, or they should. Since you have to have their best interests in mind - you shouldn't allow them gift away such amounts even if they're willing to. Doing otherwise will be a criminal act on your behalf (embezzlement/breach of fiduciary duty). Do talk to an attorney of course, since I'm not. But that is my understanding of things. If your kids don't actually have the money, then they can obviously not gift it, so claiming that they did would be a tax fraud.


"This.  People that aren't making much think ""Wow - $100k is so much money. If I made that much I'd never have to worry about money again."" Then they start making that much and realize it doesn't stretch nearly as far as they think it will. Biggest problem, of course, is taxes take an ever bigger bite."


"It comes down to the resolution you want to have on your personal finances.  A package like GNUCash allows you to easily answer questions like ""Exactly how much do I spend on interest per month/year/decade.""  Same with pretty much any other expense, liability or asset you have whether it be taxes, utilities, your home equity or your net worth.  The other tools you mention are nice, and certainly convenient, but they tend to lump things together in broad strokes and omit many categories altogether (taxes).  Ultimately by having such a fine grained accounting tool, you can target small or large things to better budget your money.   Another thing a package like GNUCash provides is a single, private place to consolidate all of your finances.  This is nice for things like net worth and asset accounts that you might not want to give a company access to. Finally, GNUcash in particular helps normal people think like accountants.  Rather than lump everything into 'income' and 'expenses', once you start using GNUCash you'll start thinking in terms of equity, liabilities, net-worth and assets in addition to income and expenses.  This gives me a much more accurate view of my finances and helps me better target areas for improvement.  In short, it helps me to see the broader picture which helps me to keep my eye on the prize - which of course is to not have to worry about money at all."


The formula you need is:    M = (r * PV) / (1 - ((1+r)^(-n)))    M = monthly payment ($350)  r = interest per period (7.56% / 12) = 0.63%  n = number of periods (36 months)  PV = present value, or here, your max loan amount given M    Therefore:  $350 = (0.63% * PV) / (1 - ((1+0.63%)^(-36)))   The denominator on the right ends up equal to ~ 0.2025 when you do the math in your calculator. Carry that over to the by multiplying both sides of the equation by 0.2025    This results in $70.82 = 0.63% * PV    Divide $70.82 by 0.63% to get PV = $11,242 (roughly).    Hope this helps explain it algebraically!!


"(I answered a similar question before.) Essentially, you shouldn't trust a site you find on the Internet merely because it looks professional and real.  Before signing up with any new service provider you found online, you should verify the authenticity of both the organization itself and their web site address. Even if the name displayed by a web site represents a legitimate brokerage firm, any site you happen to come across on the Internet could be an elaborate spoof of a real company, intended to capture your personal details (or worse). First, to check if a brokerage firm is in fact registered to trade securities – in the United States – you can consult FINRA's BrokerCheck online service.  This might be the first of many checks you should undertake ... after you convince yourself that FINRA is legitimate.  A meta-problem ;-) Then, if you want to know if the web site address is authentic, one way is to contact that broker offline using the contact information found from a trusted source, such as the FINRA BrokerCheck details.  Unfortunately, those details do not currently appear to contain the broker's web site URL.  (Else, that could be useful.) Another thing to look at is the site's login or sign-up page, for a valid SSL certificate that is both issued to the correct legal name of the brokerage firm as well as has been signed by a well-known certificate authority (e.g. VeriSign). For a financial services firm of any kind, you should look for and expect to see an Extended Validation Certificate.  Any other kind of certificate might only assert that the certificate was issued to the domain-name owner, and not necessarily to an organization with the registered legal name.  (Yes, anybody can register a domain with a similar name and then acquire a basic SSL certificate for that domain.) FWIW, Scottrade and ShareBuilder are both legitimate brokers (I was aware already of each, but I also just checked in the FINRA tool), and the URLs currently linked to by the question are legitimate web site addresses for each.  Also, you can see their EV certificates in action on secured pages here and here. As to whether your investments with those brokers would be ""safe"" in the event of the broker failing (e.g. goes bankrupt), you'll want to know that they are members of the Securities Investor Protection Corporation (Wikipedia).  (Of course, this kind of protection doesn't protect you if your investments simply go down in value.) But do your own due diligence – always."


As long as they don't hold your package and drive around with it when it's early I'll be happy.  I know it's a first world problem but my phone sat in a hot truck for 2 days and drove around rural Minnesota because it got to the local sorting stating 2 days ahead of schedule.


"The companies with the highest level of costumers that are able to stay under the limit for fuel will be able to draw the larger Revenue/Expense ratio (or what Obama calls it Profit to Earnings Ratio).  This will make it easy for medium size companies to make the most money.  Larger companies will still make money but will be ""pushed down"" because they have to pay that extra tax because they will reach the Cap of the Cap & Trade policy.  This doesn't mean Companies with the lowest emissions will have to lowest prices. The larger companies will still have the decent prices. A company may have horrible engines but they don't fly so much they will not   hit the cap in the cap & Trade so they wont have to pay that extra tax the larger companies do.  So a company may start and grow very fast but once they get big enough they will start slowing down because of the government.  Edit: last 2 paragraphs"


Yes, but unless they had prior legal experience they would still have to hire a lawyer to help them out. And even when they won, it is not certain that they would recover any money. The licensing fee amount was chosen to be low enough to make it not worth the potential risk of getting into a lawsuit.


The whole point about outsourcing things is that the people who are most efficient at doing something end up doing that thing.  It's an ongoing improvement process, but we're getting products at lower cost AND getting back our customer service as a result of outsourcing.


Under Income Tax Act, tax liability depends on residency as defined under section 6 of the Income Tax Act, and not on citizenship. If you are resident in India, then your global income is taxable. As it appears from your question, you are not resident of India (182 days stay in India in a FY), as such you will have absolutely no tax liability for whatever income you earn outside India.


> Good CEOs need to have a good grasp on accounting, finance, marketing, strategy, human resources and problem solving.  President Trump has been a CEO of a big company most of his life.  Do you think he has a good grasp on accounting, finance, marketing, strategy, human resources, and problem solving?


"What can I do to help him out, but at the same time protect myself from any potential scams? Find out why he can't do this himself.  Whether your relative is being sincere or not, if he owns both accounts then he should be able to transfer money between them by himself.  If you can find a way to solve that issue without involving your bank account, so much the better. Don't settle for ""something about authorized payees and expired cards.""  Get details, write them down.  If possible, get documents.  Then go to a bank or financial adviser you can trust and run those details by them to see what they have to say.  Even if there's no scam, if what he's trying to do is illegal (even if he doesn't realize it himself) then you want to know before you get involved.  You say you're willing to deal with ""other issues"" separately, but keep in mind that, even if there's no external scam here, those ""other issues"" could include hefty fees, censures on your own account, or jail time. Ask yourself: Does it make sense that this relative has an account overseas?  I don't have any overseas accounts, because I don't do business in other countries.  Is your relative a dual-citizen?  Does he travel a lot?  What country is the overseas account in?  How long has he had this account?  What bank is it with?  Where the money is going is just as important as how it gets there (ie: through your account.)  Arguably more so. Keep in mind that many scammers tell their marks not to share what's going on with anyone else.  (Because doing so increases the odds of someone telling them to snap out of it.)  It's entirely possible he's being scammed himself and just not telling you the whole story because the 419er is telling him to keep it quiet.  (Check out that link for more details on common scams that your relative may be unwittingly part of, btw.) Get as many details as possible about what he's doing and why.  If he's communicating with anyone else regarding this transfer, find out who.  If there are emails, ask his permission to read them and watch for anything suspicious (ie: people who can't spell their own name consistently, constant pressure to act quickly, etc.)"


You increase the capital account by the additional contributions and retained earnings and decrease the capital account by the distributions of return of capital and/or losses. Distributing gains doesn't change the capital account. So in your case it would be: 1st year we lost money  Assuming you lost 20K, and the interests are even, it will look like this: 1st year we break even  Nothing changes - you break even, means the balance sheet doesn't change (in this example). 1st year we made money Assume you gained 20K and kept it: If you didn't retain the earnings, it would look the same as case 2 - no change. Note that this is only the financial accounting, tax accounting might look differently. For example, in the US Partnerships (or LLCs taxed as) are pass-through entities, on in case 3 while you retained the earnings, the partners will still be taxed.  I'm of course neither CPA nor a licensed tax adviser. I suggest you get a consultation with one. Only a CPA can provide a reliable accounting advice or sign official financial statements, reviews and audits. Only a EA, CPA or an Attorney specializing in tax law can provide a tax advice.


What's interesting is the fox article they are citing talks about the impact on home owners and business not the benefit to labor. ¯\\\_(ツ)\_/¯   >[Just how bad is it? According to the National Association of Home Builders, more than 56 percent of developers nationwide are reporting labor shortages. ](http://www.foxnews.com/us/2017/08/02/texas-home-builders-relying-on-immigrant-labor-feel-effects-immigrant-crackdown.html)


According to the instructions to the form - yes, you do need an ITIN. Line 6.   .... If you do not have an SSN and are not eligible to get one, you must   get an individual taxpayer identification number (ITIN). To apply for   an ITIN, file Form W-7 with the IRS. It usually takes 4-6 weeks to get   an ITIN.


To be fair, Inland Revenue has options here. They don't have to accept this transfer pricing scheme Starbucks has come up with to funnel their profits to, almost certainly, some overseas tax haven.  I work with the Treasury team at a large British multinational pharma company in Japan. There are constant disputes between Inland Revenue and the IRS and the Japanese NTA and the British, Japanese and U.S. companies over what is an appropriate or inappropriate level of royalty for patents and trademarks owned by the three and licensed back and forth.


It's not unusual/undesirable. If everyone prepaid their mortgage, banks would not like this, but we're in no danger of that :). Also, the amount you are pre-paying is not so significant as to make them pay special attention. In many cases when a borrower pre-pays, they will not continue to do so over the life of the loan since it's so easy to stop at any time, and the extra payments are voluntary. Depending on who originated the mortgate, it might be sold even more often than in your case. It's no longer commonplace for a bank to hold a mortgage to maturity, now that banks and other institutions have separated the origination of the loan from its servicing. It's likely that your mortgage was bundled with others through a process called securitization, and will be bought/sold based on the bank's need for liquitity or to balance out the maturity of its assets and liabilities (whether they need more cash now versus later), or based on the types of ways your bank has decided that it wants to make money versus farming out other types of business to others. What would substantially change the value of your mortgage to a bank is if it were performing (ie you are paying on time) but then became non-performing (ie you fall behind in your payments). It's also possible that if you have a very small mortgage or principal balance, that there is very little risk to the bank, and little difference between the present and future values of your loan, but banks don't typically make these types of transactions based on the characteristics of an individual loan.


I don't want to ruin your childhood, but, some companies are in the red with no sight of seeing black on their balance sheets in the future with whatever Kay-Bee toys business model was. Some business models just don't adapt to changes in the game, and have been too inefficient for too long. They run a business, not a charity.  EDIT: Not sure why I'm getting downvoted. We're not talking about a fantasy world where everyone will be employed and every business will succeed. That's just not realistic. If Kay-Bee toys was sold to Romney's Bain Capital means it was probably in shambles in the first place, and the employees would have lost their jobs anyway.


The question should be - do you need a debit card?  Other than American Express I have to tell my other credit card issuers to not make my cards dual debit/credit. Using a debit card card can be summed up easily - It creates a risk of fraud, errors, theft, over draft, and more while providing absolutely no benefit.   It was simply a marketing scheme for card companies to reduce risk that has lost favor, although they are still used.  That is why banks put it on credit cards by default if they can. (I am talking about logical people who can control not overspending because of debit vs. credit - as it is completely illogical that you would spend more based on what kind of card you have.)


"Already a lot of great answers, but since I ask myself this same question I thought I'd share my 2 cents.  As @user541852587 pointed out, behavior is of the essence here. If you're like most recent grads, this is probably the first time in your life you are getting serious about building wealth. Can you pay your loans down quickly and then have the discipline to invest just as much -- if not more -- than you were putting towards your loans? Most people are good at paying bills in full and on time, yet many struggle to ""pay themselves"" in full and on time.  As @Brandon pointed out, you can do both. I find this makes a great deal of practical sense. It helps form good behaviors, boosts confidence, and ""diversifies"" those dollars. I have been paying double payments on my student loans while at the same time maxing out my IRA, HSA, & 401k. I also have a rental property (but that's another can of worms). I'm getting on top and feeling confident in my finances, habits, etc. and my loans are going down. With each increase in pay, I intend to pay the loans down faster than I invest until they're paid off.  Again -- I like the idea of doing both."


When you want to pay a bill on line there are several ways to do it. You can give them your credit card details: Name on Card, zip code, credit card number, and 3 or 4 digit security code on the back. Most of the information is available on the card or via an easy Google search. If the crook has your card they can use it to buy something.  You can contact your bank's website and establish a one time or recurring transfer. You provide the information about the person/company. Your bank knows who you are because you used a secure system and your password. Their bank accepts the money because who would refuse money, they don't care who you are. You can provide the company with your bank info (bank number, your account number, and your name). If your bank limits their transactions via this method only to legitimate organizations, then your money will only be sent to legitimate organizations. But if the organization has no way of knowing who is on the other end of the phone or webpage, they may be withdrawing money from a bank account without the account owners permission.  In the example article a person found a charity that had lax security standards, they were recognized by the bank as a legitimate organization, so the bank transferred the money. The charity will point to the form and say they had permission from the owner, but in reality they didn't.  The subject of the article was correct, all the info required is on every check. It is just that most people are honest, and the few security hurdles that exist do stop most of the fraud.


This doesn't shock me.  I actually look forward to it.  I find that TV quality has taken a real nose dive in the last 10-15 years.  The Learning Channel is just pregnant teen midgets, the History Channel is now about truck driving hillbillies and aliens, and discovery is ... well I don't even know what it is anymore.  It seems those channels are changing to favor those who still like tv - and the people still watching tv enjoy teen pregnant truck driving midgets.


So, you agree that the government is actively colluding with klepto-capitalists to restructure the US into a series of all-dominating monopolies crushing consumer value and worker interests, but you don't think the gov officials doing that are in it for their own gain and not yours?  Bro, do me a favor, look up Hillary Clinton's net worth, and tell me how the fuck she did that on a gov salary. Look up Susan Rice's net worth. Look up just about any congressmans net worth and tell me how the fuck they did that.


It depends on the timing of the events. Sometimes the buying company announces their intention but the other company doesn't like the deal. It can go back and forth several times, before the deal is finalized. The specifics of the deal determine what happens to the stock: The deal will specify when the cutoff is. Some people want the cash, others want the shares.  Some will speculate once the initial offer is announced where the final offer (if there is one) will end up. This can cause a spike in volume, and the price could go up or down. Regarding this particular deal I did find the following: http://www.prnewswire.com/news-releases/expedia-to-acquire-orbitz-worldwide-for-12-per-share-in-cash-300035187.html Additional Information and Where to Find It Orbitz intends to file with the SEC a proxy statement as well as other   relevant documents in connection with the proposed transaction with   Expedia. The definitive proxy statement will be sent or given to the   stockholders of Orbitz and will contain important information about   the proposed transaction and related matters. SECURITY HOLDERS ARE   URGED TO READ THE PROXY STATEMENT CAREFULLY WHEN IT BECOMES AVAILABLE   AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY   AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL   CONTAIN IMPORTANT INFORMATION. The proxy statement and other relevant   materials (when they become available), and any other documents filed   by Expedia or Orbitz with the SEC, may be obtained free of charge at   the SEC's website, at www.sec.gov. In addition, security holders will   be able to obtain free copies of the proxy statement from Orbitz by   contacting Investor Relations by mail at ATTN: Corporate Secretary,   Orbitz Worldwide, Inc., 500 W. Madison Street, Suite 1000, Chicago,   Illinois 60661.


The use of an old address would make me suspect that your data was stolen from some database you had registered to long ago with the old address.  I would think that contacting your credit rating firm and the credit card company is urgent.


No, they do this to change behavior by providing a disincentive (the stick) - $2 fee - on something they want their customers to do less of. In this case, they want everyone to sign up for automatic billing via CC or bank transfer.  Their mistake was to not combine this with a positive incentive (the carrot) on the behavior they want more of. In this case, they should have promised a $2 monthly discount for the first year for customers who switch to automatic billing.


There's some differences between 2008 and now.  Bush, then Obama didn't want to go after the bankers too hard because they were trying every trick in the book in order to try and reinstil confidence in the stock market and US financial system in order to convince people to start lending money again and break the country out of a deflationary liquidity cycle.  Today, even if Sears going boom tumbled a bunch of other commercial real estate firms and retail stores, it wouldn't suddenly make the banks insolvent in the short run.


>Most unemployment insurance money goes right back into the economy anyway  The reason for that is because it's being given to poor people who need it for food and shelter and other things that are urgent.  If it goes to a millionaire this is not going to be the case.


this time float is a fabulous money maker for the banks.  someone owns that money during that time and creams whatever interest is earned during those few days, and guess who that is.  I think most of is is deliberate


">a startup has every intention of doing right.  Most self-identified ""startups"" I have known (as distinguished from actual profit-seeking ""small businesses"") have, as their primary intent, the long-term goal of *selling shares to investors*.   This is different from an actual *business* that sells products to customers. I'm sometimes a little skeptical."


I haven't worked with Xero before, but can't you just set it up as accounts payable? Put in an accounts payable for the contract. When the client makes a payment, the accounts payable goes down and the cash goes up.


I follow bitcoin more than you think.  I suspect I understand it better than you do.  So, back to our conversation.  Let's stipulate for a moment that you *can* track things in the fashion that you have suggested.  That then says to me that it would be relatively easy to ban bitcoin - you can just track down addresses, link them with people, and follow those addresses around.   This would stand in stark contrast to the repeated denials by the hodlers that bitcoin can't be regulated - it's too decentralized, anonymous, etc.  To many it has been held out as the perfect way to escape the state (i.e. a libertarian's wet dream).  What say you to this?  It's either very difficult to track and regulate, or it's very easy to track and regulate.


It depends on the way you have directed the order and the execution agreement you have signed with your broker. In case of DMA (direct market access) you would direct your order to the specific exchange - and that exchange would post your offer, assuming you did not tag it as hidden. However, if you just gave your order to the broker (be it via telephone, email or even online), they may not have to display your order to the market or chose which exchange to sell it on. It will also depend where the stock is listed. For most US listed and OTC stocks, regulation NMS applies where your order should have been executed against if it went to the exchanges. Check your account opening docs and agreements, particulary the execution agreement. In there it will tell you how your order should be treated. In case where the broker stipulates that you have DMA or that they will direct your order to Lit markets (public exchanges and not market making firms and dark-pools) then you may have a case - you would need to request information to whcih exchange your broker sent the order to. In case that you gave them discretion on routing of your order - read the fine print. The answer lies there. Regarding NBBO missing you quote as quantycuenta suggested above is also a possibility, however Reg NMS should take care of this. Do you have stock and date & time of your order?


The thing about the US and oil is that, we both produce and consume a lot of it. Yes the oil producing parts of the US economy benefit from a higher oil price and are hurt by a lower oil price, but the oil consuming sectors of the US economy benefit from a low oil price. So, it's hard to say definitively whether lower oil prices hurt or help the US as a whole. Although, I personally suspect that low oil prices benefit the USA economy more than they hurt it.


"Yeah most employers will say that their employment is ""at will"" and they can fire for anything but that's usually not true. If someone gets fired there has to be a reason. Those agreements that people are often required to sign when they start a job are not legally binding in any courtroom at all.  Employers will usually lie about it because they are breaking the law and they know it. The only situation where they could get away with not having a reason to terminate someone is if they do not replace that person, which is a lay off. Basically any other circumstance they had a reason and they are responsible for that reason."


There is a moral and legal obligation to file the earnings. Not doing so is tax fraud. You should keep a ledger or some record of your earnings, helpful guidelines here. Records are required by the CRA: According to the law, your responsibilities include: (source) You could get in trouble if one of your pupils report the expense at their tax filing, and the CRA finds no matching statement on your filing report. Tutoring are eligible for tax credit in case of disability: Tutoring services that are supplementary to the primary education of a person with a learning disability or an impairment in mental functions, and paid to a person in the business of providing these services to individuals who are not related to the person. A medical practitioner must certify in writing that these services are necessary. So if one of your pupils fall under that provision, you will get tax trouble sooner or later. Bottom line: start making records now, and report your earnings. Collect your tax as any lawful citizen is required to.


Thank you for the links on VBA and R.  I took several years of C++ programming in high school, so hopefully the concepts are similar.  Initially I really wanted to get in to the investment side, but there aren't very many entry level investment related analyst positions that get posted in the Seattle area.  If I only applied to the few investment related positions, I don't know if I would ever get a job, so I branched out to corporate finance as well out of necessity.


"Keep in mind, if the name is trademarked, you might have it taken away from you. If it's generic, there's a good chance the potential buyer would just move on and set up another domain name. Consider web names such as Stockpickr. The proper spelling is there, and remains unused, ""This domain may be for sale"" at the top of the page. I'm guessing they asked for too much money and the potential buyer just decided to move on. We are at the point where the new domain extensions (.space .name .guru and hundreds more) have watered down the potential value of many sets of words. I'm sure there are still good names, and yours might be as good as you think, but you might find resistance getting a deal that lasts beyond the sale date."


You're being too hard on yourself. You've managed to save quite a bit, which is more than most people ever do. You're in a wonderful position, actually -- you have savings and time! You don't mention how long you want/need to continue working, but I'll assume 20 years or so? You don't have to invest it all at once. Like Pete B says, index funds (just read what Mr. Buffett said in recent news: he'd tell his widow to invest in the S&P 500 Index and not Berkshire Hathaway!) should be a decent percentage. You can also pick a target fund from any of the major investment firms (fees are higher than an Index, but it will take care of any asset allocation decisions). Put some in each. Also look at retirement accounts to take advantage of tax-deferred or tax-free growth, but that's another question and country-specific. In any case, don't even blink when the market goes down. And it will go down. If you're still working, earning, and saving, it'll just be another opportunity to buy more at lower prices. As for the house, no reason you can't invest and save for a house. Invest some for the long term and set aside the rest for the house in 1-5 years. If you don't think you'll ever really buy the house, though, invest the majority of it for the long-term: I have a feeling from the tone of your question that you tend to put off the big financial decisions. So if you won't really buy the house, just admit it to yourself now!


The spring on the garage door will always break at some point of time. The garage doors are frequently used and with constant up and down the string are bound to suffer a metal fatigue and will break. The professional garage door repair service will easily replace the spring and your garage door will be back to work in no time.


First step is to see if you have any family members which can co-sign for you so you can get a credit card, then from there as you pay off the credit cards payments you can slowly build credit. However, since you don't have any previous credit history it'll be a slow process. I think that would be a good first step in the right direction. Alternatively, you can see if close relatives such as your parents can help pay for a financial advisor who can help you much better with issues like these


Here's an example (US, not Canada) that shows up to a 30% increase for first 6 months after a >30 day lapse, but the best data will come from actual quotes from insurers. If you can do without driving for 2 years it's almost certainly worth dropping coverage and a car for that duration and paying an increased insurance rate for a spell after the lapse. I'm not sure how it works in Canada, but when living with my parents they could not exclude me from their insurance once I was a licensed driver. The insurance company considered me to have access to all vehicles, so my presence increased insurance rates. If you live with your mother, you'll have to check with your insurer to see how that works.


PayPal pays with service tax, where ever you have exported you would have given the invoice, and the statement should be shown. I am also an exporter, I know the rules some times a CA might not be aware of PayPal. Just show your statement from PayPal and the deduction.


When discussing housing, food, education, healthcare, and personal safety why are you bringing the value of labor into it! We are all the same fallen apes trying to make it in this world. Try having some empathy and compassion.


"This is the best tl;dr I could make, [original](https://www.wsj.com/articles/in-defense-of-the-dismal-science-1503679118) reduced by 94%. (I'm a bot) ***** > In a recent essay, Ricardo Reis, an economist at the London School of Economics, argues that failing to foretell a financial crash is no more an indictment of economics than failing to predict when a patient will die is an indictment of medicine.  > Economists didn&#039;t predict the financial crisis, Prof. Reis notes, but they did help to arrest it by applying theory and experience: &quot;The economy did not die, and a Great Depression was avoided, in no small part due to the advances of economics over many decades.""  > Economists ask: Will it change employers&#039; demand for workers who earn the minimum wage? Or what they pay workers who earn just above the minimum? Or the prices they charge, or how much market share they lose to companies that don&#039;t face the higher minimum or how much they invest in automation? Does it reduce turnover and thus make workers more productive?   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6x2mby/in_defense_of_the_dismal_science_full_article/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~201507 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **economist**^#1 **economic**^#2 **work**^#3 **More**^#4 **economy**^#5"


My friend is the king of Nigeria with lots of gold. He would love to sign up for your program. He usually pays commission in direct gold deposits to your bank account. If you are interested I can have him contact you and he will reach you directly.


I think you'd be adding the transaction fee each time, so let's say it's 3% or minimum $10, your balance would be almost $580 by November.  Unless for some reason you have a permanent no balance transfer fee card or the two cards let you pay bills without charging a cash fee of some sort.


I'd say $1M is a reach and not guaranteed in any way. A friend that goes to a top target has said the upper end is about $100k including bonus first year in IB, and sticking in banking might get you to $500k after about 5 years. The pay advances a lot better than it does in engineering/tech.  Your major doesn't really matter as long as you have a solid GPA and can answer technicals.


"Canada would most likely not convert any time in the near future. The challenge for Canada converting to the US Dollar or the fictional ""Amero"" mentioned by JohnFX is that : Some of the benefits would be: The challenge right now for any government would be to sell the pros over the cons and from that viewpoint the cons would appear to have more negative impact to voters.  Considering that Canada currently has a minority government with no expected change to that status for some time the risk would be very high. For more details see Pros and Cons of Canadian Monetary Union and to see the Mexican impact see North American Currency Union It is interesting to note that currency union was first proposed in 1999 when the Canadian Dollar fluctuated between $0.64 to $0.69 US.  The Canadian Dollar is closer to par with the US Dollar currently (in fact it rose to $1.10 US in Nov. 2007).  Look-up historical rates at the Bank of Canada"


It is a sad day indeed, for one of our own has decided to leave us. Let's honor threepeckeredgoat with a stroll down memory lane. The following links will lead you to /u/threepeckeredgoat's MVP moments in /r/economy.       __Top Commments__  + [Legal immigrants are fine for the countr...](/r/economy/comments/6rktvf/fewer_immigrants_mean_more_jobs_not_so_economists/dl66gfa) + [https://ih1.redbubble.net/image.28242645...](/r/economy/comments/6vaasl/donald_trump_national_debt_has_decreased_by_12/dm02dyy) + [Actually I do know what it takes. I watc...](/r/economy/comments/6rktvf/fewer_immigrants_mean_more_jobs_not_so_economists/dl6klkv) + [Yeah wtf... this does not seem like an e...](/r/economy/comments/6vksjl/us_stocks_fall_after_trump_threatens_government/dm1s5xu) + [You are correct, our founding fathers we...](/r/economy/comments/6vaasl/donald_trump_national_debt_has_decreased_by_12/dm1rbrh)   If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads


The two biggest issues that impact your question I would say are diversification and fees. If you have $10,000 to invest and only invest it in two securities, then a 20% drop in one security can have you lose 10% of your initial investment which I would consider a very high risk scenario. If you have $10,000 to invest and invest it in 20 securities, then a 20% drop in one security would only cause you to lose 1% of your initial investment. So far this is looking better from a diversification point of view. But then the issue of fees comes in. If you paid $10 per trade to buy those 20 securities you already spent 2% of your initial investment in fees! Not to mention you will pay at least another $200 to get out of all those positions. No right answer - but those are the two factors I always try to balance.


Personally, I'm a big fan of second price auctions anyway. It seems that applying that structure to this market would drop the incentive to get any sort of last look or any of the other collusion coming from these bid rigging schemes. Also, it seems like this is buy side collusion which is really strange. Generally it's considered a good thing when the price of goods drops closer to the marginal cost. In general, any points that a municipality gets on the money above what they're paying on the bond issue is a good thing. The less the banks have to pay to borrow those funds in the short term, the less they can loan them out for.


They cannot refuse to accept coins and demand some other payment after providing a good or service.  Legal tender is legal tender for all debts.  But until they provide the good or service, they don't have to accept it.   In this case, you want the service of depositing money.  But by its nature, they have to accept the payment first.  In that situation, they can refuse it.  There is no law that banks have to accept your deposits.  If they don't want you as a customer, that's their problem.   Consider switching banks.  Historically this was easier and some banks may still do things the old way.  Call your local banks and ask.  Perhaps you'll find someone happy to do business with you, on your terms.   As already said, some coin rolling machines will pay you with gift certificates.  If you plan to buy a sufficient amount from the place that accepts the gift certificate, this can get that place to play the fee.  That may help you, although it is obviously a limited solution.  The goal is to make it so that you only make purchases that you would have anyway.  The seller obviously has a different goal.   It's possible to buy coin sorters.  Heck, you could buy one with a gift certificate from a public machine.  Cheap ones require extra work to get the coins rolled and may jam a lot.  More expensive ones do more of the work for you.  Note that a given sorter that works better may be cheaper than another that doesn't work as well.  Cheap is more of a qualitative judgment than a financial measure in this case.   If you carry a small amount of change with you, pretty much everywhere accepts small amounts of change for purchases.  So if you have been always paying with dollars and dumping the change in a jar, instead always give the correct change (coins).  They may still give you dollars in change, but at least you won't get new coins.  And you'll use some of your existing coins.  Of course, this doesn't scale well.   For small purchases, say $1.50, you can often pay the whole thing in change without argument.  Or if something is $18.50, you might give them $10, $5, two $1 bills, and the rest in change.   If you are buying something and can see that they have little change in one of the coin buckets, offer to swap some change for bills.  Sometimes places find that easier than breaking a roll.   With vending machines, use change instead of dollar bills.  Especially use exact change so as not to convert bills to change.  They usually don't take pennies, but they're great with nickels and above.   This won't allow you to use change as a way to force yourself to save.  But it will keep your change down to a manageable level going forward.  And you might be able to use up your existing store.  I'm assuming that this isn't a fifty year coin collection that you are just now starting to process.  But if you have six months of change, you should be able to use it up in a year or so.   I tend to do this.  So I rarely have more than a couple dollars in change.  No one ever tells me that they don't take change, because I don't give anyone a lot.  Maybe $.99 here but more likely $.43 there.  Sometimes I give them, e.g., $.07 so as to get $.25 in change rather than $.18.   It's a little more work at every transaction, but it saves the big clump of work of rolling the coins.  And you don't have to buy wrappers.


No rep from amazon has ever stroked my ego, so I don’t know what you mean.   And as far as “reps” go - people who help you with products beyond paint and decor rarely understand what they are selling - hence the “1 guy” they all depend on, vs the staff at a home store in Japan who all work in areas they know.   So.. what exclusives? Are you buying tractors or some shit? Forklifts full of A-C subfloor?   If you are buying enough to save “hundreds of dollars” at a time, I assume you are a contractor, and you a) should already know your shit, so reps are just there to prepare paperwork, and b) missing the point of what I am saying.   If I call a parts supply warehouse and ask them for a [661-8124](http://www.powerbookmedic.com/parts/661-8124/Logic-Board-35GHz-Core-i7-Quad-Core-4GB.html), I’m not going to ask them what model it goes in or how to install it. The rep’s competence could easily be replaced by Amazon.   If I have A broken Mac, I want to go to a store where they know how to fix it and give me advice, and in that manner Home Depot often falls flat.   So they will eventually get their hat handed to them - because eventually Amazon will beat them in distribution and they won’t have the volume to warrant a chain of stores to draw foot traffic.


"Are there any known protections against obvious typos in the stock systems themselves? Do you know of stock exchanges which flags or rejects obviously wrong buy or sell orders (e.g., selling something for 0.1% of its highest buy order, or buying something at 1000 times the current sell order)? Does the stock exchange ""community"" have some sort of ""rules of conduct"" for this? Yes and No. Most Stock Exchanges for certain set of stocks have circuit breakers that are more to restrict panic selling or artificial drop in prices. The kind of controls you are mentioning can't be put on individual trades; as stock exchanges are meant to guarantee / provide neutral ground for the price to be determined by demand / supply. There are quite a few companies that have quickly lost value and become worthless with a day or two. Hence it becomes difficult to determine if something is error by an individual or not. Once an order is submitted to the exchange, it can't afford the to and fro to verify ... as even few seconds make a different in volatile markets. The kind of errors reported are difficult for an individual to make as he would not own the kind of stocks and the stock broker will stop the trade from being placed."


How was Scunthorpe steelworks sold for £1?  I have £1, what is to stop me from buying a hyper distressed company like this for so cheaply? Why doesn't this happen more often? What are the advantages and disadvantages of the sale to the buyers and sellers?


I've never read such a bullshit article in my life. The alternative to garment manufacturing jobs in places like Bangladesh is subsistence agriculture, completely outside of the cash economy.  If Communist/SJW of the West want to do something for the global poor, they need to look at population control and family planning. An overpopulated country will mean high pressures on the cost of living, and increased supply of labour will mean lower wages.  This is exactly what China has done - control population, and let the free market dictate wages and conditions. Look at the result - the biggest uplift of a population from poverty in history, with wages still growing yearly.  By contrast, look at Africa. The entire continent is supported by foreign aid, and its a basketcase, with the population of the continent forecast to grow to 4b by the end of the century.