In your scenario, I would do the following: If, in the short term, something should happen, you can always tap into a line of credit or even a cash advance on the credit card.  But, you should in no way be paying $70 a month in interest.   Assume you want to pay off the Credit card over 12 payments, you would need to pay about 450 a month, which costs 400 in interest.  At the end of the year, you have $5000 in savings, and $0 debt. The alternative, is to pay off the credit card right now, and put that $450 into savings, you would have $5400 in savings, and $0 debt. I'm usually the last to recommend a $0 safety net, but I make an exception in the case of retirable credit card debt.   In the worst case, you are no worse off than you are now, in the best case, you're up about $400 at the end of the year.


"Holy shit, you are such a fucking fool and you still don't get it. You dense motherfucker.  People are PRESCRIBED this medication, you fucking idiot.  I'm done with you. Don't address me again.   edit: also, you REALLY have no idea what you're talking about since you say you got ""soft poop"" - hey dumbass, opiates constipate people.  Fucking moron"


> But achieving that growth is difficult as China and other countries have pursued aggressive export strategies and **the U.S. has lost manufacturing skills and suppliers after shifting production overseas**.  (Emphasis mine)  And they're doing the exact same thing in almost every possible field: legal and accounting services, [medical services](http://www.outsource2india.com/services/healthcare.asp) and, of course, the outsourcing poster child- software.  Even hardware development is moving overseas.  That's one high-paying and specialized field.  The US (and other western countries) are training their competition and weakening their future strength in some very important areas.


The Government doesn't borrow money. It in fact simply prints it. The bond market is used for an advanced way of controlling the demand for this printed money. Think about it logically. Take 2011 for example. The Govt spent $1.7 trillion more than it took in. This is real money that get's credited in to people's bank accounts to purchase real goods and services. Now who purchases the majority of treasuries? The Primary Dealers. What are the Primary Dealers? They are banks. Where do banks get their money? From us.  So now put two and two together. When the Govt spends $1.7 trillion and credits our bank accounts, the banking system has $1.7 trillion more. Then that money flows in to pension funds, gets spent in to corporation who then send that money to China for cheap products... and eventually the money spent purchases up Govt securities for investments. We had to physically give China 1 trillion dollars for them to be able to purchase 1 trillion dollars in securities. So it makes sense if you think about how the math works in the real world.


I recently paid-off $40k in student loan debt. One of the motivations for me to accelerate my payments was that over time, as my income increased, the amount of student loan interest I could write-off on taxes started to phase-out.


gef05 hit it on the head -- the books get frozen when mergers/spinoffs happen. I worked as an IT guy at a company whose mission was operating call centers -- and they didn't bother paying the phone bill! Why? the terms were already agreed upon, and the powers that be were waiting for final legal sign-off. Try to figure out who the leaders are going to be after the spinoff, and start politicking them.


"Maybe things are different in California. I live in Michigan and have bought several house (over the course of many years) in Ohio and Michigan, and I have never hired a lawyer. Yes, there are all sorts of contracts to sign, but these are all standard contracts. I'm sure people contracting for a $50 million office building have lawyers and haggle over contract terms, but for the typical home buyer, the realtor shoves the contract in front of  you and you sign it. Your choices are basically take it or leave it. If you don't like it, you're going to find that all the realtors in the state use pretty much the same standard contract. Very Late Update The paragraph you quote says ""these MAY include ..."". There are circumstances where you would want to hire a lawyer to review or negotiate documents related to a loan. But I don't think that's the normal case."


"At any rate, you have your mind made up and did from the get-go, so next time don't pretend you're asking in the spirit of learning or seeing a difference, and just say that you're espousing libertarian ""the free market will take care of everything!"" ideas. At least be upfront about it so people know not to waste their time.  Have a good day."


>(thus credit does cost a bit more)  A ton more. An incredible amount more. You are basically going from secured creditors who can recover assets like rent, improvements, or the real estate to unsecured creditors who can recover nothing. The cost of financing would be prohibitive. Congrats, you've grinded the economy to a halt.


T shirts have become rage and are very commonly worn by all age groups of people. They can be worn in several occasions such as sports wear, party wear, and casual wear and so on. These days, the T shirts are coming with lovely slogans which are not only meaningful but also fun to read.


"Anything under 0.20% is ""really good, leave it alone."" However, since you have access to their institutional funds, it isn't unreasonable to come up with your own desired asset allocation and save another half of the fees.  If you're happy with the Target Retirement date fund, just stick with it, but if you've got a particular AA you want to maintain, go for that with the cheaper underlying funds."


">Your line of reasoning is why you should have a timeline on a prediction. It's been, what, 12 years now of near constant assertions that huge inflation is just right around the corner. How long should we wait for it?  Just long enough so that when it happens, you can claim that ""Shit! No one could have predicted THAT.""  >to keep the inflation, which there is absolutely no sign of whatsoever  Wow.  The blindness.  It HAS to be willful."


I'm of the opinion that speculating is for young people like you, because they can afford to lose it all. Avoiding losses becomes necessary once you have to sustain a family, and manage a somewhat large retirement funds. Even if you lose all your money when speculating, you'll probably be better off later, because you make less costly mistakes once you have larger amounts of money.


If you are going to the frenzy of individual stock picking, like almost everyone initially, I suggest you to write your plan to paper. Like, I want an orthogonal set of assets and limit single investments to 10%. If with such limitations the percentage of brokerage fees rise to unbearable large, you should not invest that way in the first hand.  You may find better to invest in already diversified fund, to skip stupid fees. There are screeners like in morningstar that allow you to see overlapping items in funds but in stocks it becomes trickier and much errorsome. I know you are going to the stock market frenzy, even if you are saying to want to be long-term or contrarian investor, most investors are convex, i.e. they follow their peers, despite it would better to be a concave investor (but as we know it can be hard).  If the last part confused you, fire up a spreadsheet and do a balance. It is a very motivating activity, really. You will immediately notice things important to you, not just to providers such as morningstar, but alert it may take some time. And Bogleheads become to your rescue, ready spreadsheets here.


"Why would you just look at salary and not total comp for a first year? It's pretty misleading to say ""$60k to work 100 hours a week"" when you do in fact get paid well above that.  Also, in my 2 years of consulting, I've never come anywhere close to 100 hour work weeks. It usually fluctuates between 45-60 hours. Not to mention Fridays are usually pretty casual/relaxed days since you're working from home or in your home office doing random firm activities/networking."


You are right; Rollover is a process, and not an account type; the result is a Traditional IRA. There is no such thing as a 'Rollover IRA Account'. Rolling a 401(k) over to a Traditional IRA makes sense if a) you have to, because you leave the employer the 401(k) is with; b) because you Traditional IRA is cheaper or more flexible or in other ways 'better' for you, or c) if your next step is a backdoor rollover to a Roth IRA. Most of the time, it doesn't make sense, because employer 401(k) are often better and cheaper. Of course, for the investment company where you roll it too, it makes a lot of sense, because they get your money, so they recommend it. But that's only good for them, not for you. Of course you can roll into an existing account, if you want to roll. Making a new account has no advantage. I cannot imagine any IRA custodian wouldn't take rollovers; they would shoot themselves in the foot by that. What can happen - and you should consider this - that your IRA only accepts cash, and does not allow to transfer the shares you have in the 401(k). That means you have to sell and then re-buy, and you might lose a lot in fees there.


"There is no guarantee improvements will raise the appraised value.  You also don't want your property tax appraisal to go up if you can avoid it. Since you are talking on the order of $10k I'll assume you're only a few thousand dollars more from getting to 20%. That said, any schemes you might come up with like refinancing or second line of credit will probably cost more in fees than they are worth, unless you can get a much nicer interest rate. Figure out how long you plan to stay there, Evaluate your options (do nothing, principal reduction, refinance for 30, 15, or even an ARM) and figure out your bottom line by comparing everything in a spreadsheet One more thing: if you do pay a substantial amount of extra principal, you can ask the lender to ""rebalance"" which will correct the minimum monthly payment to your remaining term. This will likely incur a fee, but could be helpful in an emergency"


Bedford, TX is known as The Center because it quite literally sits at the heart of the Dallas/Fort Worth Metroplex. It is a typical Texan neighborhood that was designed with families in mind– close to schools, hospitals, and churches as well as amusement and leisure centers.


The problem with predicting with accuracy what a stock price will do in any given situation is that there are two main factors that affect a stocks price. The first factor is based somewhat in math as it takes into account numbers such as supply and demand, earnings per share, expected earnings, book value, debt ratio and a wide variety of other numbers. You can compile all those numbers into a variety of formulas and come up with a rational estimate of what the stock should sell for. This is all well and good and if the market were entirely rational it would rarely make news because it would be predictable and boring. This is where our second factor throws a wrench in the works.  The second factor affecting stock price is emotional. There are many examples of people's emotions affecting stock price but if you would like a good example look up the price fluctuations of Apple  (AAPL) after their last couple earnings reports. Numerically their company looks good, their earnings were healthy, their EPS is below average yet their price fell following the report. Why is that?  There really isn't a rational reason for it, it is driven by the emotions behind unmet expectations. In a more general sense sometimes price goes down and people get scared and sell causing further decline, sometimes people get excited and see it as opportunity to buy in and the price stabilizes. It is much more difficult to anticipate the reaction the market will have to people's emotional whims which is why predicting stock price with accuracy is near impossible.  As a thought along the same line ask yourself this question; if the stock market were entirely rational and price could be predicted with accuracy why is there such a wide range of available strike prices available in the options market?  It seems that if stock price could be predicted with anything remotely reassembling accuracy the options market need a much smaller selection of available strike prices.


It will be interesting to see if they can rebound or if this will be a slow and steady dissent into retail oblivion. I think it will help them with the fact that so many other retailers are closing their brick and mortar stores.


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"For Brian Nowak an Analyst at Morgan Stanley who just downgraded SNAP.  >""SNAP's ad product is not evolving/improving as quickly as we expected and Instagram competition is increasing,"" Nowak said in a note to investors.  I wonder why a highly respected stock market analyst would confuse Snapchat with Instagram?"


Everything lies in In the end. How many days/weeks/months/years can you wait for your money back?


VaR does not capture overall risk, it allows you to say a statement, based on our model, K% of the time, losses will not exceed X.  The problem is,   1. How accurate is the statement out of sample?  2. What is the marginal value of this number? Are the choices I make better or worse?  3. Even with a 99.999% confidence level what is the cost to the organization if a decision is made when the model is wrong?  Personally when running multiple strategies, you always need to factor in model risk in your asset allocation/trading, i.e. either shut down or reduce exposure when assumptions are violated or run something else, for example when correlations between strategies increases, it is logical to downsize exposure to those strategies as the risk factor to equity has increased.  1. in the grand context of a bank/financial institution, if the VaR is wrong we can bankrupt or negative, so we may want to diversify revenue streams by avoiding that risk, for example correlations increase across asset classes.  2. Sizing is a key problem for banks, as the question is does model error across various platforms (FI, EQ, FICC, Transactions etc), happen at the same time?


Bonds are extremely illiquid and have traditionally traded in bulk.  This has changed in recent years, but bonds used to be traded all by humans not too long ago. Currently, price data is all proprietary.  Prices are reported to the usual data terminals such as Bloomberg, Reuters, etc, but brokers may also have price gathering tools and of course their own internal trade history. Bonds are so illiquid that comparable bonds are usually referenced for a bond's price history.  This can be done because non-junk bonds are typically well-rated and consistent across ratings.


"tl;dr Roth earnings are not necessarily ""tax deferred"", but they might be. This is a great question because IMHO, the use of the wording ""tax deferred"" is slightly misleading when talking about a Roth IRA (and Roth 401k too). The phrase ""tax deferred"" actually means you save tax now and you pay tax later, i.e. you ""defer"" the tax. As you pointed out, this is the normal terminology used for describing a Traditional IRA/401k. Earnings on a Roth IRA are tax free (not deferred), but only if your distributions are qualified. For the most part distributions are considered qualified if you wait until you are 59.5 years old before taking the money out, but there are some exceptions. If you choose to distribute more than your contributions, meaning you are now taking out earnings, the earnings are tax free only if your distribution is qualified. For example, if you take out the earnings before you are 59.5 (and no other exceptions apply), then you would pay tax on the earnings and also a 10% penalty. So, perhaps a better way to say it is that earnings in a Roth IRA are ""conditionally tax deferred""."


You're retarded, have no idea what you're talking about, and demonstrate the precise type of boostering, fanboy ignorance typical of the people who will sign up for this bullshit before they have even a clue what it actually is.  Familiarize yourself with this.  It's nine years old, already. http://www.wtec.org/ConvergingTechnologies/Report/NBIC_report.pdf


The moment that you start to rent your car to strangers you are talking about using your car as a business. Will it be financially advantageous? If you can convince somebody to rent your vehicle for more than your required monthly payments then it might be. Of course you have to determine what would be the true cost of ownership for you. It could include your auto loan, and insurance, but you would be saving on the garage costs. Of course if you don't have it rented 100% of the time you will still have some costs. Your insurance company will need to know about your plan. They charge based on the risk. If you aren't honest about the situation they won't cover you if something goes wrong. The local government may want to know. They charge different car registration fees for businesses. If there are business taxes they will want that.  Taxes. you are running a business so everybody from the federal governemnt to the local government may want a cut. Plus you will have to depreciate the value of the item. Turning the item from a personal use item to a business item can have tax issues. If you don't own it 100% the lender may also have concerns about making sure their collateral survives. Is it safe? and from the comments to the question :  Should I do a contract or something that would protect me? Nope. it isn't safe unless you do have a contract. Of course that contract will have to be drawn up by a lawyer to make sure it protects you from theft, negligence, breach of contract.... You will have to be able to not just charge rent, but be able to repossess the car if they don't return it on time. You will have to be able to evaluate if the renter is trustworthy, or you may find your car is in far worse shape if you can even get it back.


You need to be clear about who gets your money: If you pay the existing owner $25K and (s)he gives you half the business, then you now own half of a $50K business an the original owner has an extra $25K in spending cash.  The value of the business has not changed. If you contribute $25 to the company, new equity shares are created.  Shares should be priced correctly, meaning you now own $25K worth of shares in a company worth $75k, so you should have 1/3 of the outstanding shares (counting both old and new shares).  If you get more or less than this, then the transaction has happened in an unfair way. If this is a public company, that would most likely be illegal and the SEC may throw you in jail.  If it was a private company and your friend created enough shares that you own half the company, then (s)he has given you a gift. If you are contributing to the company at a fair price, you would need to contribute $50K in order to end up with half the equity of the new and now more valuable firm. In that case the firm would be worth $100K after your contribution. Bottom line, this is a common and not complex transaction and should end up with a completely fair outcome.  Any unfair situation you can imagine is probably based on false assumptions or a situation where a non-arms-length transaction is transferring wealth contrary to normal rules and procedures.


The bigger problem isn't the people making career posts. It's that this subreddit has grown too big to have the intelligent conversation it once did. This subreddit has gone from being mostly finance professionals to now including the types you see in /r/economy and other idiots that are only tangentially interested in finance. I'm not sure what you can do about this, it's probably too late.


Core Pest Solutions goes way beyond the services of any other pest control company I have used in the past. They are truly dedicated to providing an excellent, fast service and seeing that my ants were eradicated. I would recommend them to anyone.


"As the other answer said, the person who owns the lent stock does not benefit directly.  They may benefit indirectly in that brokers can use the short lending profits to reduce their fees or in that they have the option to short other stocks at the same terms.   Follow-up question: what prevents the broker lending the shares for a very short time (less than a day), pocketing the interest and returning the lenders their shares without much change in share price (because borrowing period was very short). What prevents them from doing that many times a day ? Lack of market.   Short selling for short periods of time isn't so common as to allow for ""many"" times a day.  Some day traders may do it occasionally, but I don't know that it would be a reliable business model to supply them.  If there are enough people interested in shorting the stock, they will probably want to hold onto it long enough for the anticipated movement to happen.   There are transaction costs here.  Both fees for trading at all and the extra charges for short sale borrowing and interest.  Most stocks do not move down by large enough amounts ""many"" times a day.  Their fluctuations are smaller.  If the stock doesn't move enough to cover the transaction fees, then that seller lost money overall.  Over time, sellers like that will stop trading, as they will lose all their money.   All that said, there are no legal blocks to loaning the stock out many times, just practical ones.  If a stock was varying wildly for some bizarre reason, it could happen."


$600 a month is high, but may be the best you can do. When I moved from UK to Canada my first insurance quote was $3000 a year, but that was 20 years ago and I was older than 27. The rates go down substantially after you have had a local license for a few years. Best tips for minimising this:


Thanks for the news articles. Perhaps you could weigh in on this [study by the National Institute of Health](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1253709/) that looked at the NHS study you keep bringing up? Specifically  >Glyphosate exposure was not associated with cancer incidence overall or with most of the cancer subtypes we studied. There was a suggested association with multiple myeloma [cancer of the plasma cells] incidence that should be followed up as more cases occur in the AHS.  Shouldn't this also be taken into account when talking about if Round-up causes cancer? The science seems far from settled at this point.  Everything you've linked concerns non-hodgkin lymphoma. I understand why Monsanto would ignore the data that does indicate a problem and focus on this singular, just now being reviewed study. Why are you?


We dont need the dollar....   we have coke pepsi McDonald's kfc burgar king  pizza hut dominos microsoft apple google snapchat ebay amazon uber cisco oracle intel exxon mobile boeing walmart.  We also have MIT stanford harvard Princeton and another 100+ universities.    We have so much here.  Way more than any other country.  The biggest companies, the smartest people, and much more.  Im not concerned


If you are assigned a US Social Security number, you can apply for credit while you are here.  Making small purchases and paying them off will help with your length of credit history, which is a part of FICO, but inactivity will eventually lead to those accounts being closed.   Additionally, many revolving credit companies will charge you annual fees to keep your accounts open, and will require you to maintain a US address, and most want a residential address, not a mail-drop or PO Box. TL;DR: you can do it, but it will likely require an investment of both in time and money that won't make it worth it. Footnote:  If you plan on opening US banking or investment accounts, there are regulations that make it difficult for foreign nationals to maintain accounts due to IRS categorization of US Taxpayers vs Foreign Nationals.  Unless you have a lot to invest or deposit, most firms won't want to bother with Foreign taxpayer certification (see w8ben).


Another minor reason not to rollover would be to avoid the pro-rata taxes when doing a backdoor Roth IRA contribution.


I stopped going to Applebee’s the same reason I stopped going to Chili’s and Red Robin.  The stupid tablets they added.  They all added tablets to the table which meant the waiters vanished.  I go out to eat to be served, and have a nice experience, not to tap out my own order and tap out my own payment info on some grimey shitty tablet that others have been smearing their fingers on all day long, and then wait forever for drink refills because they have no reason to check on you regularly.  At that rate I could go do the same thing at mcdonalds for half the price.


MoneysavingExpert has a regularly updated page about the best cards to use outside the UK.  At the moment Halifax has a good credit card but you will pay interest on the cash withdrawal. I have a FairFX pre-paid card but that requires a UK address for the card delivery (at least) and can be topped up online from a UK bank account.


First, look at the local housing market, and the price to rent ratios. If you are comfortable that a house can be had for near to the cost of renting, and are not still dropping is price, then focus on the down-payment. I don't imagine housing prices to start picking up any time soon, so you don't be too rushed. If you feel like you have a longer time to save before you want to buy, I would focus as much money as I can into a retirement account while still saving for a down payment. Since you are young, you really want your retirement accounts working for you as soon as possible. You should not be investing in 3% stable funds, but the stock market index funds. Retirement is for 40 years in the future. Using funds for a down-payment from a retirement account should be a last resort. Remember this money is to provide you security later in life, not to get you into a house. When you take out money and put it into a house, it will not be appreciating nearly as fast. It is easy to say you will save later, but the money you save early in life will make up 50% or more of your funds when you retire. That is why it is critical to save for retirement as soon as possible.


Figure you need as much cash in the bank to pay all of your bills for the amount of time it would take you to find a new job if yours went away.   Also .. congratulations on your situation .. good work.


>London Black Cabs are acknowledged globally as the best on earth. Other than the huge cost, I have always had a very positive experience in them. So you are correct, it is not in every city on earth.  London Black Cabs are still pretty awful, they are expensive and not particularly innovative. Minicabs throughout the UK are far better in my view, you can book them in advance, pay online, use an app to see where they are and who is coming, or get a call/text etc.. In short, minicabs tend to be cheaper and generally offer more efficient service. They are also regulated far less strictly, I could go and start driving a minicab fairly easily, no so much for black cabs.  >I have been to 40% of countries in the world, and travel extensively for business and vacations. Taxis are almost universally awful. I have had negative experiences on every continent.  Compare them to the uber equivalent though, taxis in Hong Kong are ubiquitous and cheap, but they aren't particularly pleasant, Uber somehow manages to be worse.  Uber in Berlin was at best on a par with a normal Cab, in Glasgow it was more expensive..  In short uber feels like another minicab firm, the local standard seems more relevant because there isn't a consistent 'Uber' standard..  >As a man, I have felt threatened on occasions and realized that no one knows I am in this taxi, I can only imagine what women go through.  I haven't (possibly the Philippines once or twice..) but I don't really feel significantly safer in an Uber..  >I am no fan of how Uber is run, but the concept is here to stay. Taxis will never be able to compete with the traceability and accountability. Whether it is Uber or a competitor, that is what the world will use.  But cab companies already do, I can see who my driver is, what the registration is with my local cab company, moreover I can call the cab company, schedule a pick up for two weeks time for a trip to the airport and know what I'm paying.   In short, there is nothing that makes uber particularly special, they are essentially a minicab company with a technological edge that has already been, or is being eroded.  >The hijacked the term ride sharing, however the generally accepted definition today is an Uber type service.  Uber is trying to hijack it because it suits them to try and distance themselves from the vehicle for hire definition that means they have to comply with licensing, vehicle and employment regulation.  Moreover, it's a real shame shame because there is value, both economic, social and environmental in actual ride sharing, it's part of the 'sharing economy' that is actually realisable.   >Typically the only people who defend taxis, either very rarely take them, or are drivers themselves.  Well, I don't drive a taxi and use them regularly enough, but I'll happily defend some of my local firms because they are pretty decent. I do however understand why people in areas with poorly regulated taxi services might see uber as a positive in that it will disrupt an unnatural and often inefficient monopoly.


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"There really isn't any good ways that I'm aware of. (The exception is in New York or California, where hospitals must post prices.) The law sets price floors on many procedures by setting Medicare and Medicaid reimbursement rates. As a result, the ""list price"" for a given procedure is dramatically inflated, and various health insurers negotiate rates somewhere in the middle. I'd recommend talking to the business offices or financial counselors at medical groups that you do business with. Ask about ""self pay discounts"" or other programs appropriate for folks in your position."


Our elegant custom wire jewelry can be made into any word, so you aren't simply limited to names. Personalized name Jewelry makes a touching and thoughtful gift- for others or for yourself! Wire jewelry is designed to be passed down for generations to come, each piece is crafted by hand in San Diego, CA  While names are our most popular personalized gift which is handmade name necklace, there is a growing trend to have us create unique custom gifts that you won't find anywhere else. These are just some of the few concepts we've made into unforgettable keepsake jewelry. We can make custom jewelry from a picture or your imagination.  All handcrafted by Adriana Fine Jewelry are custom made in gold filled wire and sterling silver wire, silver custom bracelet, wire neck choker, personalized mothers jewelry, personalized anklet with birth stone, choker, neck wire.


"Actually, banks do issue their own money, it's just not embodied as a piece of paper, it's called checkbook money and in the US, it's backed by 3$ per every 100$ promised, that's the magic of ""fractional reserve banking."""


"This is the best tl;dr I could make, [original](https://ourworldindata.org/how-much-will-it-cost-to-mitigate-climate-change/) reduced by 95%. (I'm a bot) ***** > An important question then arises: how do we achieve this, and how much will it cost to keep warming below the two degree target?  > How do we estimate the economic cost of mitigating climate change? The most common way of measuring-and visualizing-the options and costs of reducing our greenhouse gas emissions is to use the so-called &#039;abatement cost curve&#039;.  > Our average annual cost is calculated as a balance of how much money we need to invest, and how much we get in return based on efficiency gains and reduced running costs relative to our current technologies.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6ejanw/how_much_will_it_cost_to_mitigate_climate_change/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~133492 tl;drs so far."") | [Theory](http://np.reddit.com/r/autotldr/comments/31bfht/theory_autotldr_concept/) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **cost**^#1 **abatement**^#2 **potential**^#3 **option**^#4 **technology**^#5"


Asset protection is broad subject. In your examples it is certainly possible to have accounts that exist undisclosed from a spouse and legally inaccessible by said spouse. In the US, balances in 401k retirement accounts are exempt from forfeitures in bankruptcy. The only trick to secret stashes is that it involves you having any wealth in the first place, that you don't need to access. It is more worth it, for most people, to use all of their access to wealth to get out of debt, earn claims to property, and save for retirement. This takes up all of their earnings, making hidden wealth of any significant portion to be an impractical pipe dream. But with trust laws, corporate laws, and marriage property laws being different in practically every jurisdiction, there is plenty of flexibility to construct the form of your secret wealth.  Cryptocurrency makes it much easier, at the expense of net asset value volatility.


"I agree with some of the points of the other answers but why not avoid all the guesswork? I highly recommend you not charge him now. Wait until the end of the year when you have much more information about both of your companies and then you can run the numbers both ways and decide if it would benefit you (collectively). If either of your businesses runs on a cash basis and you decide to invoice, just make sure the check is deposited before Dec 31. Update: If you want to do this for 2016, at least your husband's business would have to be using an accrual basis (since it's too late to take the deduction on a cash basis). Simply run the numbers both ways and see if it helps you. If it doesn't help enough to warrant it for 2016 you could rerun the numbers near the end of 2017 to see if it helps then. Diclaimer: I think it's OK to do this type of manipulation for the scenario you described since you have done (or are doing) the work and you are charging a reasonable fee, but realize that you shouldn't manipulate the amount of the invoice, or fabricate invoices. For example, you shouldn't ever think about such things as: ""If I invoice $50K instead of $3K, will that help us?"""


This depends in part on who officially owns the account. Federally, 529 plan contributions are not tax-deductible, regardless of ownership.  Anyone can contribute to a 529 plan, though; the earnings of the 529 plan are tax-deferred and are tax-free if they are used for qualified educational expenses. In the state of New York, the account owner is entitled to deduct up to 10,000 (Married filing jointly) from their state taxes; however, that's limited to the account owner only.  If they're not in the state of New York, they may be able to have similar benefits from their home state; check their rules. You may have multiple accounts for one child, though, so if you and they both want to contribute for your child, that's perfectly fine. The limits are at the taxpayer level, so you can deduct $10k for all contributions to all children's accounts in sum (5k per kid if you have 2, and want to contribute equally, for example), but they can do the same. Gift tax is the other relevant thing to consider.  You can contribute $14k per year without either paying gift tax or adding it to the lifetime maximum (which is currently $1.5MM, but could change at any time either up or down).  You can also make a one-time contribution of 70k (5 years' worth) and have that amount exempt as if it were contributed over five years. For more information on all of this, see the New York 529 Page for more details.


Not sure if this is possible... It is possible! It is called a balance transfer card and most of the major credit card companies offer them. It is possible to save a significant amount on interest during the grace period. However... Is this a viable option? Not really. Any card will charge you an upfront fee of 3% to 5% of the balance you are transferring. This really only buys you some time in case you are about to fall behind on payments. For many people it's just a way to shuffle around debt, digging themselves a little deeper into consumer debt with each transfer.


"It would be incredibly unusual for the same institution to offer checking and savings accounts with exactly the same features/benefits (including interest, etc). The reason is that (in the USA, anyways) the Fed makes banks keep a certain percentage of their total assets (called the reserve requirement) ""in house."" Checking account deposits cannot be re-loaned 100%--some of the money you put in your checking account must be held by the bank in its vaults. Savings accounts are not limited in this way. So logic dictates that if depositing into one type of account is better for the bank than the other (ie, they can use more of the money to make money), they will reward people for using the one that is more beneficial to their bottom line. I'm recalling this from college finance 101, so I may be slightly mis-remembering things, but I'm 99.99% sure that this is the primary reason you see checking accounts with lower interest rates--banks would prefer you to use savings accounts, and set up incentives so that you will. Sorry, I know this doesn't really answer your question, but I think it may help you understand your options a little better (I hope!)"


"> (1) You put MBA behind your name? Lol who the fuck does that.   Literally every person on their resume.  There's this thing called LinkedIn too... you should check it out.  Go see for yourself.   > (3) Generally they work for 3-5 years and then go back for their MBA. Some go part time while working full-time (which is what I did).  Yeah, like I said, this USED to be the trend probably when you went through school.  Things are changing and employers are looking for more education even for entry level jobs.   > (4) You claimed that there are no jobs without an MBA now - I proved your very wrong in 3 minutes - these are shitty companies either.   No, you didn't.  I never claimed that.  Plus, you proved there are entry level jobs that don't require it.  My point / advice isn't so he's marketable for a 1st job, it's so that he can get a promotion faster than the competition, or at all.  Every job that's a finance manager requires an MBA or has it as highly preferable.   You're taking a hugely ""dickish"" tone here guy, and I never said shit to you about your lack of understanding of the business world - WTF is with the tone?  It seems like you've got a chip on your shoulder, and all I'm trying to do is tell this kid he'd be better prepared getting an MBA right away.  You think this is a win/lose sort of thing... but let me ask you this - tell me WHY he shouldn't get one right away.  If you actually want to WIN this, then prove that.  Go!"


"This is the best tl;dr I could make, [original](http://www.reuters.com/article/us-usa-fed-debt-idUSKCN1AV1PY) reduced by 62%. (I'm a bot) ***** > NEW YORK - Americans&#039; debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies jumped.  > Total U.S. household debt was $12.84 trillion in the three months to June, up $552 billion from a year ago, according to a Federal Reserve Bank of New York report published on Tuesday.  > Student loan debt was $1.34 trillion, up $85 billion, while auto loan debt came in at $1.19 trillion, up $55 billion.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6tvdvk/americans_debt_level_notches_a_new_record_high/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~191392 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*: **debt**^#1 **credit**^#2 **trillion**^#3 **billion**^#4 **card**^#5"


"There are some banks that offer ""pot"" accounts like this (off the top of my head I think Intelligent Finance does, although they call them ""jars"").  The other option for charity specifically would be a CAF account:  https://www.cafonline.org/my-personal-giving/plan-your-giving/individual-charity-account.aspx"


"Wow, since I commented the down voters came for you.  Sorry about that.    For the record, I've been through the founding and funding of companies a number of times.  Only once as a cofounder, other times as a hired gun.  My perspective is that you need to go into VC funding with an understanding of what the VC's motivations are and where they are in their funding cycle.  In practical terms, that means that when presented with a 50% chance to get on base or a 2% chance of hitting a home run, they'll take the 2% chance every time.  The base hit is only marginally less expensive for them than complete failure.  Couple that with a few other factors and the set of companies that should take VC money is exceedingly small.  The problems come when companies that are marginal take money.  That's when things go to pot.  Valuations are bad because the company needs the money.  The ""Go Big or Go Home"" syndrome sets in.  VCs do flyby micromanagement, etc.  In the end, money is spent, when necessitates more being raise, which dilutes everybody.  Then is becomes a slog with no return for the average employee.  One tip:  If you every work for a company that takes a round in convertible debt, get out as fast as you can.  There's nothing there.  What the VCs are doing it trying to keep the company afloat until there's a (low value) sale.  Being convertible debt puts them in a better position for liquidation preference and there's still a small chance they may find a sucker who will pay top dollar.    It's a reasonable and helpful thing for them to do but it means the rank and file (probably including cofounders) are getting squat."


Unfortunately, the thieves don't have to be all that sophisticated to make the money unrecoverable.  What they typically do is open a phony bank account in the name of the victim.  They receive the refund into the fraudulent account, and they immediately withdraw it.  By the time anyone notices that the refund was fraudulent, the thief is long gone, and there is no money in the account to reclaim. It's not just the IRS who gets ripped off this way, by the way.  Thieves use a similar technique to cash stolen credit cards.  The thief will open a phony merchant account and a phony bank account in the victim's name.  They will run the stolen cards on the merchant account and deposit the proceeds in the phony account.  They are able to withdraw the funds before the fraudulent charges are noticed and reversed, and the processing company that the merchant account was opened with ends up eating the loss (or passing it along to their legitimate customers in the form of higher rates). Preventing this kind of fraud has costs.  There are monetary costs associated with putting antifraud measures in place, and there are costs to the customers in the form of having to wait longer for their financial transactions to go through.  Basically, everyone involved (the banks, the IRS, etc.) has to balance the losses against with the costs of preventing them.  When fraud is rare, it's cheaper for them to eat the loss than to prevent it.   If fraud starts to become more common you will see the institutions involved put into place additional checks to prevent improper transfers.  Tax return fraud has become common enough that the IRS has instituted prevention measures such as requiring information from previous year tax returns in order to receive your refund.  If that doesn't curb the problem, then they will probably add more measures, and perhaps they will slow down the payment process.  However, they probably won't ever get the fraud losses down to zero because that would mean both angering taxpayers by delaying refunds and spending more money on fraud prevention than they save in avoided losses.


What I meant by leverage was not borrowing money in order to buy more. What I am getting at is the purchasing power your dollar has in relation to the number of dollars you have (which may mean using leverage, but not per se).


"I would undoubtedly sell the investments if they are positive, maybe even a little negative.  That's what non-retirement investments are for, building wealth to spend, give, etc. Flipping things may put it in perspective.  Would you borrow money or liquidate your emergency fund in order to invest in mutual funds? If you can completely ignore risk then this MAY make sense. Let's say if you could borrow money at 3.75% and had a ""guaranteed"" investment return of 7.5% and a ""guaranteed"" source of income (job). But mutual funds (stocks, bonds) aren't even guaranteed to make money and they most definitely can lose and lose big. Also, I hope your job isn't in any way tied to the oil industry. On the other hand, if you take a loan and fall on hard times you can liquidate your mutual funds to get out of the bind, but you are at the mercy of the market and the worth of your investments at that point.  So it may come down to whether you want to choose when to spend your investments, when they are up or at some future date when they may be worth much less (or much more)."


Losing weight requires that you change your eating habits, exercise more, and live a generally healthy lifestyle. A particular weight loss vitamins program can help you lose the initial pounds you need to shed, and give you advice on how to keep them off, but the rest is up to you. Going straight back to your old habits is not going to help you stay in shape, or stay healthy.


Gwarsh goofy . .what are you talking about now, who is buying US treasuries or what is the National Debt, either way in your fucked up money printing economy where you cant even pay off your student loans or cover your insurance, what to talk of house loans and fancy financial instruments, that were based on those, which went into default and the Fed bought up, that required the Fed to give the banks an unlimited credit line as a back stop.  You see shit head . .all those trillions and trillions of dollars of bad loans and bank bailouts now sits on the Feds balance sheet as $4.5 trillion, leveraged many many many many . . . many  . many times so the banks look like they are capitally adequate on paper.  Thats what it means when you nationalize public debt  Understand shit wit?  Incidentally thats what the Fed is trying to unwind and some fucking moron like you will buy and then go bankrupt and ask for a bailout and get more debt from the Fed.  Its a good thing your generation grew up sucking Chinese toys, the lead in the paint did its job well, otherwise you might have actually learnt something  . .. .Gwarsh!!!


After I completed my level 2 last year I did get a promotion to equity analyst.  If you currently do not work within the field get in now, doesn't really matter so much as to what you do but you need some experience and connections.  Good luck on level 2, it is much more difficult than level 1.


I did just what you suggest. The card company honored the charge, they told me the temporary number was solely for the purpose of assigning a number to one vendor/business. So even though I set a low limit, the number was still active and the card company paid the request. Small price to pay, but it didn't go as I wished.    For this purpose, I've used Visa/Mastercard gift cards. They are often on sale for face value and no additional fees.


"If it were me, I would convert it to cash and keep it in a liquid account. The assumption that silver will increase in value is misguided. From 1985 to 2002, it was flat. It's gone up and been far more volatile since then, and there has been significant declines which could eat at the stability of an emergency fund. Precious metals are speculation, not investing. They do not create wealth. Investing is typically considered too volatile for an emergency fund, more so keeping the money in metals. Making it more difficult to get to, like keeping it in a separate account might also fight against frivolous or accidental spending. Also there tends to be high transaction costs when liquidating metals. I found the best way is to use eBay. After some further comments and clarification here I suspect you are dealing with something else. Namely, the ""white picket fence"". Again, this is supposition, but perhaps she envisions the two of you married and hosting a dinner party using the passed down silver. This could be a strong emotional bond, and as such it could trump the logical arguments. Keeping it as an emergency fund: foolish. You helping her keep it because you are planning a life together: smart."


"Dollar cost averaging is a fancy name someone came up with to say ""Invest all of the time"". I would not bother with spreading out purchases. If the market is too expensive right now ...so what? The items you sell will bring top dollar. The fund you buy will cost top dollar. It all evens out.  You could sell your assets and just sit on cash, but that would require knowing when the next market drop is coming..which no one knows. Also, it never really is cash; it goes into a money market fund which is not guaranteed. I would rather own companies(VSTAX) and collect the dividend."


Nah. Problem is employers don't pay enough. People value their time and shouldn't have to be slavishly grateful for every scrap thrown at them.  These people aren't leading 'lucrative' lives. Go to West Virginia and see how lucratively everyone lives


"First, you are not exactly ""giving"" the brokerage $2000. That money is the margin requirement to protect them in the case the stock price rises. If you short 200 shares as in your example and they are holding $6000 from you then they are protected in the event of the stock price increasing to $30/share. Sometime before it gets there the brokerage will require you to deposit more money or they will cover your position by repurchasing the shares for your account. The way you make money on the short sale is if the stock price declines. It is a buy low sell high idea but in reverse. If you believe that prices are going to drop then you could sell now when it is high and buy back later when it is lower. In your example, you are selling 200 shares at $20 and later, buying those at $19. Thus, your profit is $200, not counting any interest or fees you have paid. It's a bit confusing because you are selling something you'll buy in the future. Selling short is usually considered quite risky as your gain is limited to the amount that you sold at initially (if I sell at $20/share the most I can make is if the stock declines to $0).  Your potential to lose is unlimited in theory. There is no limit to how high the stock could go in theory so I could end up buying it back at an infinitely high price. Neither of these extremes are likely but they do show the limits of your potential gain and loss.  I used $20/share for simplicity assuming you are shorting with a market order vs a limit order. If you are shorting it would be better for you to sell at 20 instead of 19 anyway. If someone says I would like to give you $20 for that item you are selling you aren't likely to tell them ""no, I'd really only like $19 for it"""


Could you please tell me how the election result undermines my point, that I live a very good life, thanks to social redistribution, which you initially questioned?  Further, Vienna voted completely contrary to the country as a whole. Being one of the cities with the most publicly financed projects for social redistribution (very big point: social housing in order to reduce rental costs).   Seems they are not as unhappy as the people living on the countryside, who fear the dangerous migrants (fun fact, most foreigners in Austria live in Vienna, those who voted least for the anti-migrant parties...)  Another fun fact - Vienna has been voted [8 years in a row for the city with the highest quality of life](https://www.forbes.com/sites/civicnation/2017/10/12/a-catamount-post-mortem-what-does-it-actually-take-to-engage-students/#14ba4c061f3b). A city with a social democrat/environmentalist government for years. Doesn't seem to be that bad huh?


I am like you with not acknowledging balances in my accounts, so I pay my credit card early and often.  Much more than once a month.  With my banks bill pay, I can send money to the credit card for free and at any time.   I pay it every two weeks (when I get paid), and I will put other extra payments on there if I bought a large item.  It helps me keep my balances based in reality in Quicken. For example, I saved the cash for my trip, put the trip on my credit card, then paid it all off the day after I got home.  I used the card because I didn't want to carry the cash, I wanted the rewards cash back, I wanted the automatic protection on the car rental, and I couldn't pay for a hotel with cash. There are many good reasons to use credit cards, but only if you can avoid carrying a balance.


I would definitely be putting in enough to get the most out of the match.  Only reasons I can think of not too would be: Other than that, not investing in the 401(k) is turning down free money. Edit based on feedback in comments. The only time I would advocate number 1 is if you are intensely committed to getting out of debt, were on a very tight budget and had eliminated all non-essential spending. In that situation only, I think the mental benefit of having that last debt paid off would be worth more than a few dollars in interest.


"This is the best tl;dr I could make, [original](http://ngdp-advisers.com/2017/09/14/thinking-constrained-phillips-box-get-nightmarish-solutions/) reduced by 75%. (I'm a bot) ***** > Grep Ip has an article: The Fed&#039;s Bad Options for Addressing Too-Low Inflation in which he argues that what looks like a dream economy could be a nightmare for the Fed&acute;s chairwoman.  > The reason being that, according to the Fed&acute;s Phillips Curve precepts to which the Fed subscribes, when unemployment is this low inflation should move up to the Fed&acute;s 2% target.  > Just as it reaped rising inflation by producing a rising NGDP growth trend, lowered inflation by producing a falling NGDP growth trend and kept inflation &quot;On trend&quot; by producing a stable NGDP growth trend, it can raise the level of the stable NGDP growth trend, which it stopped doing in 2010.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/70qy24/the_dangers_of_phillips_curve_thinking/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~211779 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*: **Inflation**^#1 **Fed**^#2 **growth**^#3 **trend**^#4 **recession**^#5"


"1. (a) ""The Economic Aspects of Human and Child Sacrifice"" by Peter Rwagara Atekyereza, Justin Ayebare, and Paul Bukuluki, published in 2014: #2c at https://www.reddit.com/r/worldpolitics/comments/5bpc5x/an_update_for_my_readers_by_peter_levenda/dbob0j2      (b) ""Miners' magic: artisanal mining, the albino fetish and murder in Tanzania"" by Deborah Fahy Bryceson, Jesper Bosse Jønsson, and Richard Sherrington, published in 2010: #9 at https://www.reddit.com/r/worldpolitics/comments/5bpc5x/an_update_for_my_readers_by_peter_levenda/dbwig0v      (c) ""Save our skins: Structural adjustment, morality and the occult in Tanzania"" by Todd Sanders, published in 2001: http://www.academia.edu/10412589      Source For #1 + Much More: https://www.reddit.com/r/worldpolitics/comments/5bpc5x/an_update_for_my_readers_by_peter_levenda/d9q9006   2. Human sacrifice, human mutilation, body parts, abductions, magic, occult, witchcraft, muti, muthi, Africa: #6 at https://www.reddit.com/r/Missing411/comments/41oph0/supernatural_abductions_in_japanese_folklore_by/d1tje65      Source + Much More: https://www.reddit.com/r/Missing411/comments/41oph0/supernatural_abductions_in_japanese_folklore_by/cz3we2z  3. ""The Rise of the Modern Charismatic Movement"" from the chapter ""Christian Magic and Diabolical Medicine"" in the book ""Raising the Devil: Satanism, New Religions, and the Media"" by Bill Ellis, published in 2000: #2b at https://www.reddit.com/r/worldpolitics/comments/5bpc5x/an_update_for_my_readers_by_peter_levenda/dbob0j2      Source: https://www.reddit.com/r/worldpolitics/comments/5bpc5x/an_update_for_my_readers_by_peter_levenda/d9q9006  4. Science, sorcery, occult rituals, magic, MKULTRA, United States of America (USA): #2 at https://www.reddit.com/r/worldpolitics/comments/5bpc5x/an_update_for_my_readers_by_peter_levenda/dfauxj7      Source: https://www.reddit.com/r/worldpolitics/comments/5bpc5x/an_update_for_my_readers_by_peter_levenda/d9q9006  5. ""The Believers: Cult Murders in Mexico"" by Guy Garcia, published on 29 June 1989 -- ""They thought their rituals of human sacrifice would make them invincible. In the end, a much stronger force prevailed."": https://www.reddit.com/r/worldpolitics/comments/5q3ylf/the_believers_cult_murders_in_mexico_by_guy/dcw2kbh  6. https://www.reddit.com/r/worldpolitics/comments/721cjo/before_trying_to_cow_north_korea_with_military/dnez5oo"


You’ve lost a tooth, or perhaps several. Chewing is difficult and smiling, well it’s too embarrassing. There is no question that the quality of your life has changed. Dental implants are the solution to renewing your smile, your chewing ability and quite frankly your quality of life.


Raffaele Tognacca, è possibile ottenere soluzioni complete e avanzate. Abbiamo havebeen questo business per i lunghi anni passati e impegnati due servono vari organisasjoner appartengono due il settore energetico o Brasile Energia Rinnovabile. La nostra azienda uccidere un team di professionisti qualificati ed esperti. Tutti i nostri professionisti sono dedicati verso lavoro Sina e commesso due servire i clienti con servizi inclusi.


Yeah, except I, as a tax payer who earns much less, pay for the salaries of these type of people.  And my local taxes on my house and everything up go more than inflation or my salary increase % every year.  I'm a trained engineer who worked hard for his degree and I don't even get this cop's normal salary (which is half the $221k).  I imagine becoming a bridge policeman is less taxing mentally and less challenging overall.  This money to pay public officials doesn't come from thin air.


I like both. As a kid, the Bass pro catalogs were just as worn out as the Playboy magazines. Now that I can buy online, it is even better. I can't keep myself from going into a Bass pro every chance I get, and they're prices have almost eliminated the smaller shops which don't really have a place  in the retail market anymore, expect for conveincece with their other services like equipment repairs, taxidermy, fresh bait, local guides, and equipment rentals.


Taxes and exemptions & credits from tax exist is to encourage behavior that the government wants to promote. National and international corporate taxation is this case encourages putting capital under a mattress. By setting up a system encouraging hoarding of capital, the national and international taxing regimes fail us.


The U.S. Minimum wage purchasing power peaked in 1968 with $8.68 (in 2016 dollars)...   Why are people advocating almost double? From what it sounds like...   Nobody has ever been able to rent a 2 bedroom apartment for minimum wage... Anywhere in the United States... EVER...


I'd get rid of the debt with the stock money.  Stocks are at a high for the year.  Get out while the getting's good and get your financial house in order.


"I second DJClayworth's suggestion to wait and save a larger down-payment.  I'll also add: It looks like you neglected to consider CMHC insurance in your calculation.  When you buy your first home with less than 20% down, the bank will require you to insure the mortgage. CMHC insurance protects the bank if you default – it does not protect you.  But such insurance does make a bank feel better about lending money to people it otherwise wouldn't take a chance on. The kicker is you would be responsible for paying the CMHC insurance that's protecting the bank.  The premium is usually added on to the amount borrowed, since a buyer requiring CMHC insurance doesn't, by definition, have enough money up front.  The standard CMHC premium for a mortgage with 5% down, or as they would say a ""95% Loan-to-Value ratio"" is 2.75%.  Refer to CMHC's table of premiums here. So, if you had a down-payment of $17,000 to borrow a remaining $323,000 from the bank to buy a $340,000 property, the money you owe the bank would be $331,883 due to the added 2.75% CMHC insurance premium. This added $8883, plus interest, obviously makes the case for buying less compelling.  Then, are there other closing costs that haven't been fully considered? One more thing I ought to mention: Have you considered saving a larger down-payment by using an RRSP?  There's a significant advantage doing it that way: You can save pre-tax dollars for your down-payment. When it comes time to buy, you'd take advantage of the Home Buyer's Plan (HBP) and get a tax-free loan of your own money from your RRSP. You'd have 15 years to put the money back into your RRSP. Last, after saving a larger downpayment, if you're lucky you may find houses not as expensive when you're ready to buy.  I acknowledge this is a speculative statement, and there's a chance houses may actually be more expensive, but there is mounting evidence and opinion that real estate is currently over-valued in Canada.  Read here, here, and here."


My memory served me correctly. I remember this because it was on my Series 7, so that link is misleading if you are studying for the 7. Here is the exception:  > Transactions to Which the Rule is Not Applicable (Proposed FINRA Rule 2121(d)) Consistent with the initial proposal, FINRA Rule 2121(d) provides that FINRA Rule 2121 is not applicable to: (1) **the sale of securities where a prospectus** or offering circular must be delivered and the securities are sold at the specific public offering price, based on NASD IM-2440-1(d); and (2) a transaction in a non-investment grade debt security with a QIB that meets the conditions set forth in proposed FINRA Rule 2122(b)(9), which is described below.  If you're studying for the 7, you will know that every mutual fund sale requires the delivery of a prospectus.


This is the point of the article. Somehow a company which is so successful has, for tax purposes, such a razor thin margin. So their taxation clearly isn't in keeping with its actual ability to pay, passing along the burden to other businesses and individuals.


"I have a short list of charities that I support, so it's relatively easy for me to say ""I'm sorry, all my donations go to _."" I do all my donations online, as well, so keeping receipts is very easy."


Ah, I did some more research and apparently Rental Income is considered Passive Income, and as such the IRS does not allow a net loss to exist, but you can carry the loss over into the next year. https://www.irs.gov/taxtopics/tc425.html Generally, losses from passive activities that exceed the income from passive activities are disallowed for the current year. You can carry forward disallowed passive losses to the next taxable year. A similar rule applies to credits from passive activities. So in the event in a loss on my rental business activity, I simply pay no tax on it, and deduct the remainder in income in 2017 from taxes. I don't make any changes to my Consulting income at all.


Two measurements, one at the beginning of the term one at the end. Fixed effects regression.  Reward teachers based on how much they improved weak students and kept strong students smart. Bam.  Of course it's not nearly that easy, but it isn't as big a problem as you're making it seem.


I found additional evidence on TDAmeritrade's website that helps confirm that the 3/17/11 prices Jason found are the ones to use since all three were traded on that day.  Although GM+A had prices and trading as early as 2/28/11, GM+B's price and trading shows up no earlier than 3/14/11, but there was no trading indicated for GM+A on 3/14 so 3/14 can't be used.  The two warrants were not traded every day after they came out. The next date that I found when all three, GM, GM+A and GM+B had trades was 4/11/11.  I found Google and Yahoo Finance unable to produce the historical prices for the warrants that far back.  Unfortunately, you need to be a TDA accountholder in order to access TDA's historical price information for stocks.


"It's true. This statement on my about page is toooootally ambiguous:   ""Freckle Time Tracking, subscription web-based time tracker for freelancers & small teams""  What is it? TRAINING MATERIALS? Whom for!? ZOMG NO INFORMATION DOES NOT COMPUTE ERROR ERROR *sizzle*."


I must say that this is a question that you should hire a professional tax adviser (EA/CPA licensed in your State) to answer. It is way above our amateurs' pay-grade. That said, I'll tell you what I personally think on the issue. I'm not a licensed tax adviser, and nothing that I write here can be used in any way as a justification for any action. Read the full disclaimer in my profile. I believe you're right to treat those as assets. You bought them as an investment, and you intend to sell them for profit. Here the good news for you end. As we decided to define the domains as an asset, we need to decide what type of asset it is. I believe you're holding a Sec. 197 asset. This is because domain is essentially akin to franchise and trademark, and as such falls under the Sec. 197 definition. That means that your amortization period is 15 years. Your expenses related to these domains should also be amortized, on the same schedule. When you sell a domain, you can deduct the portion that you have not yet deducted from the amortization schedule from your proceeds. Keep in mind passive loss limitations, since losses from assets held as investment cannot offset Schedule C income.


No joke, I once saw a guy on 29th st in Manhattan between 5th and Madison (right in front of that really old little church) next to his big Poland Spring truck, filling up the blue water cooler bottles with a fucking hose.  I thought about snapping a pic and going viral, but I figured it was unlikely that this guy would intentionally be risking his job to save Nestle a few cents, and he probably got told to do it.


I agree. Amazon hires more retail employees and factory workers than the others so the Glassdoor comparison isn't as valid.  But if I'm looking for work and I get an offer at Amazon and at Facebook, all other things being equal, all the evidence points to Facebook being a better choice. Amazon will need to pay more to attract employees.


I would say the most challenging fact for this assertion is that HFT firms operate with extremely limited capital bases. For a stock with say 10m shares ADV, even a very large and successful HFT strategy might use a position limit of no more than 5000 shares.  That is to say if you sum up and net the buys and sells for a stock across the day the HFT firm will never exceed 10,000 shares (2x position limits assuming it completely flipped) on a stock that trades 10,000,000 shares on a given day. The high volumes are attained through high turnover, the strategy might trade up to 500,000 shares (or 5% of the volume) attaining a 50x turnover.  But that brings me back to the original point. In the market microstructure literature market impact generally has been found to scale linearly or even sub-linearly for net volume executed.   If I alternate between thousands of 1 lot buy and sell orders, it would be very difficult for me to move the market because the market impact of every one of my buy orders roughly cancels the market impact of my almost exactly equal number of sell orders.   There might be a higher-order mechanism at work, but I'm genuinely curious what you think it might be. How could strategies that attain such small net positions have such out-sized impact on market direction?


There are two main ways you can make money through shares: through dividends and through capital gains. If the company is performing well and increasing profits year after year, its Net Worth will increase, and if the company continues to beat expectations, then over the long term the share price will follow and increase as well. On the other hand, if the company performs poorly, has a lot of debt and is losing money, it may well stop paying dividends. There will be more demand for stocks that perform well than those that perform badly, thus driving the share price of these stocks up even if they don't pay out dividends. There are many market participants that will use different information to make their decisions to buy or sell a particular stock. Some will be long term buy and hold, others will be day traders, and there is everything in between. Some will use fundamentals to make their decisions, others will use charts and technicals, some will use a combination, and others will use completely different information and methods. These different market participants will create demand at various times, thus driving the share price of good companies up over time. The annual returns from dividends are often between 1% and 6%, and, in some cases, up to 10%. However, annual returns from capital gains can be 20%, 50%, 100% or more. That is the main reason why people still buy stocks that pay no dividends. It is my reason for buying them too.


>That stranglehold is because of the small margins in the business.   >The medallion owners love it because they're sitting on upwards of $500k asset in some cities.  Um... The medallions are selling for hundreds of thousands of dollars. That's proof right there that the business is extremely profitable. If the business wasn't profitable then the medallions would be worthless


No it wont. Almost everything that can be automated already has. Things that havent been automated  that involve any human level of decision making wont be automated for a very long time. Engineers cant even reliably get a robot to recognize an object like a chair.


"This is the best tl;dr I could make, [original](https://minneapolisfed.org/publications/the-region/interview-with-lawrence-katz) reduced by 99%. (I'm a bot) ***** > It&#039;s very much linked up to the Minneapolis Fed work on inclusive growth and working regionally.  > That&#039;s something we&#039;re trying to work out with Minneapolis too.  > There&#039;s an amazing group of scholars within the Federal Reserve System, and having one place that both publicizes and integrates all the work being done on the wide range of issues related to inequality, labor markets and housing markets that link up with the financial system is very important.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/72tcp3/interview_with_lawrence_katz_harvard_economist_on/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~217563 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*: **work**^#1 **more**^#2 **labor**^#3 **much**^#4 **firm**^#5"


"Oracle is the most prevalent software in the Banking and financial system, if not  in the front end then on the back end. Oracle has made so much profit for the financial sector that they ended up acquiring SUN systems and now bundle their own hardware along with their software and databases.  There is perhaps not a single bank in the world that does not use oracle in some form or another, be it AML, MIS, ERP or Core banking.  It remains a mystery to me how the Heads of Banking and the Fed can sit in front of the senate banking committee and when asked "" What is your exposure?""  Their response was ""I don't know!!!""  Bankers are dumb by their very nature and cultivated to look the other way, but even for them and their corrupt single digit IQ, I think Oracle must really suck as a database if they could not run a simple sum query.  Conclusion : Oracle colluded in the 2007 financial crisis and sucks as a database and financial system"


nasty stuff = if used properly, it works (usually)  at the same time, uhm.... how can you expect ANY effective herbicide to work selectively without some selective impact on humanity? Hell, general effective herbicides (agent orange) tend to be detrimental to all life in sufficient dosages (also kill the plants you want to protect)... and ineffective herbicides (in most cases) still cause problems (vinegar a common alternative).  Granted I don't mind vinegar - then again, no ulcers or other gastric issues so far.


Ace Blacktop the premier Asphalt Driveway Paving company in MN. The Low Cost Leader with Free Asphalt Paving estimates.Ace has worked on everything from residential driveways, and parking lots, to some of the largest road projects in the state.  In Ace's 45 years in business they have laid over 15,000 residential driveways.Our Driveway systems are designed to make things simple, easy to maintain and cost effective.


Honesty only survives with a single man's capital. When the capital belongs to more than 1 person, the shareholders demand profits, not good vibes.  Every lost opportunity to extract a dollar is a dollar lost. That's what shareholders think, and that's why employees get paid like shit, no matter how well a company does.


"Hello! I am working on a project where I am trying to determine the profit made by a vendor if they hold our funds for 5 days in order to collect the interest on those funds during that period before paying a third party.  Currently I am doing ""Amount x(Fed Funds Rate/365)x5"" but my output seems too low. Any advice?"


"WOW.  So much for ""Do No Evil"" huh?  It's this stuff that has convinced me that everyone should be boycotting google, that we should not refer to ""alphabet"" by that name but instead just call it Google. That way we can prevent them from hiding from their crimes. They wanted to own ""search"" and when they couldn't have that they decided to try and purchase ""alphabet"" and we shouldn't let them have that either. Really who do they think they are?"


> seemed a step down from her old vice-president post at Primerica Inc. (PRI)  Wow, she's kidding right?   Being a vice president at Primerica is like being CEO at your 1 person realty office or being a door to door Avon lady CEO.


I think you should read the description of places you're going to rent first, to see who's hosting.  Families will usually say how many peoplec there are, and a lot will keep to themselves  If anything, you're too socially retarded to tell them you prefer privacy


"If you're looking to generate your own charts, you can get up-to-date TSP fund share prices in a Google Docs spreadsheet by ""scraping"" the data from the HTML of certain TSP webpages. You'll need to do this because the GoogleFinance function does not recognize ""private"" funds or collective trusts like those of the TSP. See this thread for tips: Bogleheads • View topic - GoogleFinance price quotes for TSP Funds"


The LLC can be formed within just 24 hrs from the time of submitting of the form. It mainly includes all the business presence packages which is very much important for doing Incorporating your business so that the business can able to setup and startup very easily and quickly. It also help in protecting the assests and other liabilities that are the part of the Delaware llc.


"It's one thing to piss off a few million ""regular"" people.   Piss off a couple thousand rich people and you're in real trouble.   Just imagine if there are any politician's details in that high income mix?  What if there's information that's on that CD that isn't in their financial disclosure?  ----  Side note:   People still use CDs?"


You've already done everything I would suggest: Contact the collections agency, being careful in what personal information you provide. Check all three of your credit reports, for any trace of incorrect information. At this point, since you've confirmed that the social security number that the collections agency has does not match yours, and you've confirmed that you have nothing in your credit report about this debt, I don't think you need to worry about it. Collections agencies employ a number of tactics to try to collect on bad debt.  The first dilemma they have is finding the debtor.  Sometimes this is easier than other times.  In this case, they obviously don't know where this person is, so they just started contacting people that have the same name as the debtor, hoping that they will get lucky.  Intimidation is a major collections agency tactic, so I'm sure the letter you got was strongly worded. Your phone call to them may or may not have convinced them that they have the wrong person.  (Believe it or not, people sometimes lie to collections agencies.)  So the biggest thing you may have to deal with is continued harassment by the agency.  If they think you are lying to them, you can expect more phone calls and more harassment. The FTC has a FAQ page about debt collection.  If you hear from them again, don't fall for any intimidation tactics that they might say to you.  Just tell them not to contact you again, and report them if they do.  They will eventually get the message and go away.


Wow, thanks for the advice. I really appreciate you taking the time to write all this out.  Also, thanks for the project idea. Often times I want to get better at something but I don't have an idea of what I want to do. That sounds perfect.


There is a positive not being mentioned above: the depreciation vs your regular earned income. Disclaimer: I am not a tax attorney or an accountant, nor do I play one on the internet. I am however a landlord. With that important caveat out of the way: Rental properties (and improvements to them) depreciate in value on a well-defined schedule. You can claim that depreciation as a phantom loss to lower the amount of your taxable regular income. If you make a substantial amount of the latter, it can be a huge boon in the first few years you own the property. You can claim the depreciation as if the property were new. So take the advice of a random stranger on the internet to your accountant/attorney and see how much it helps you.


For all practical purposes the words mean the same thing.  Shares are just stock in a particular company whereas stock can refer to shares over many companies. Investopedia has a good explaination. If you are a financial journalist you might want to make sure you are using the right term at the right time, but otherwise they are synonyms.


You got that from CNBC's interview with Daryl Issa, the only person who is claiming this to be the the truth, and interestingly enough, the congressman who most wants to privatize the post office, and also the only one who is holding up reform of this insane 2006 law.  It's great that you believe the one person who is pushing this the most as fact, but there's not much else to support that evidence other than Issa himself.   [Issa holding up reform]( http://www.prnewswire.com/news-releases/issa-blocks-fix-of-post-office-pension-prepay-time-bomb-says-robert-weiner-former-spokesman-for-us-house-govt-reform-comm-bipartisan-bill-has-229-sponsors-but-chairman-issa-pushes-privatization-159224595.html)  [Politifact rates it half true, because the pension law is true, but leaving out the fact that declining revenues in the future is also a problem, but again, the prefunded pension is rated TRUE]( http://www.politifact.com/truth-o-meter/statements/2011/sep/29/save-americas-postal-service/ad-save-americas-postal-service-claims-rule-congre/)  [Time](http://business.time.com/2013/02/07/how-healthcare-expenses-cost-us-saturday-postal-delivery/)  [NYT]( http://mobile.nytimes.com/2012/07/31/opinion/nocera-its-d-day-for-the-post-office.html?_r=0)  [PBS]( http://www.pbs.org/wnet/need-to-know/five-things/the-u-s-postal-service/11433/)


I could see it being upper-middle class for families that make $100k a year or a little more, but not individuals. An individual making $100k a year has a lot of extra money if they don't blow it on stupid crap.  That also probably depends on where you live. The Uber driver in the article lives in San Francisco. Cost of living is huge there, so I'd say that a family making $100k a year there is definitely middle class.


Delaware LLC requires that each business entity have and hold an enterprise Registered in the State of Delaware who can be both a character resident or enterprise entity this is legal to do business in the  Wilmington, Delaware. the Delaware LLC has offered the same asset protections and tax advantages that a corporation offers. Often the LLC is the simpler, more flexible choice for small businesses. This small amount of required information not only makes it easy to start an LLC in Delaware, but it also helps to keep your identity and personal information secure.


And at&t's deal with them looks more lucrative now, yet both stocks haven't seen the boost others have been having from positive financials above prediction.  One hypothesis is that people still just don't trust old school tv anymore since everything is moving to the web. What do you guys think?


"Although they may have some similar functions, CPAs and Enrolled Agents operate in two rather different areas of the accounting ""space."" CPAs deal with financial statements, usually of corporations. They're the people you want to go to if you are making an investment, or if you own your own business, and need statements of pretax profit and loss prepared. Although a few of them are competent in taxation, the one thing many of them are weak at is tax rules, and this is where enrolled agents come in. Enrolled agents are more concerned with personal tax liability. They can 1) calculate your income taxes, and 2) represent you in hearings with the IRS because they've taken courses with IRS agents, and are considered by them to be almost ""one of us."" Many enrolled agents are former IRS agents, actually. But they are less involved with corporate accounting, including things that might be of interest to stock holders. That's the CPA's province."


"Whiskey River is a sweet, Southern delight with an ""intoxicating"" blend of Tennessee whiskey and a touch of caramel so you don’t smell like a drunk. It’s as smooth as Tennessee whiskey, as sweet as strawberry wine, and as warm as a glass of brandy. This is a sweet southern scent blend of an intoxicating blend of Beard Oil Whiskey River and a touch of caramel. Products of envyzen are genuine with return and refund policy, Whiskey River is one of our amazing scents. This is a sweet southern scent blend of an intoxicating blend of Tennessee whiskey and a touch of caramel."


"No, an entrepreneur actually adds value, whereas stock ownership does not. Buying stocks is akin to gambling, except with different rules and an average positive return over time, whereas normal casino gambling always has a net negative result on average.  To put it shortly:  If it doesn't make a difference whether its you or John from across the corner doing the action, then its basically a speculation with ""investment"" as an alias. You're merely the purse.  If you are involved in the running of the project, taking decisions, organizing, putting your time and creativity in, then you're an entrepreneur.  In this case, its clear to see that different persons will have different results, so they matter as persons and not just as purses.  Note that if you buy enough stock to actually have a say in the running of the company, then you're crossing the threshold there."


"Yea but they might feel swindled and that you pulled a fast one on them, and not be as willing to give you good deals in the future.   Like, as a totally non mathematical example, they have a car for $50k. They lower the price to 40k with a financing that will bring total payment to 60k. Their break even on that car is let's say 45k. The financier cuts them a commission on expected profits, of maybe 7k? They made an expected 2k on the car. But if you pay it all off asap, they may lose that commission, be 5k in the hole on the sale, and pretty upset. Even more upset if they finance in house.   So when you go back to buy another car they'll say ""fuck this guy, we need to recoup past lost profits, don't go below 4K above break even.""   I'm not really 100% on how financing workings when it comes to cars but from my background in sales this is the bar I would set for a customer that made me take a loss by doing business with them if they tried to come back in the future.  This doesn't take into account how car dealerships don't own their inventory, finance all of their cars and actually ARE willing to take a loss on a car just to get it off the lot some times."


Actually, the logical conclusion is that, if airlines are unable to pay workers acceptable wages and remain profitable, they should be allowed to fail.   But that isn't acceptable because we need air travel.   Deregulating labour markets definitely isn't going to improve the plight of millions of workers. It might improve the plight of some shareholders though.


Amazon and the big guys are safe from being broken up.  They haven’t harmed consumers yet. Their prices are fair, at or below market rates, favorable terms like for shipping etc.  So yes they have or are creating a monopoly with out harm, the government won’t act. too big to fail is not a crime.  The Sherman act used to be about protecting competition, they have focused lately instead on protecting the consumer.  That is why you have what we have in the US Markets,   https://www.theatlantic.com/magazine/archive/2016/10/americas-monopoly-problem/497549/


Government subsidies could be provided if we could all agree what activities are of higher social worth, this is not an insurmountable obstacle.  For example, in Hong Kong and Singapore civil servants are paid vastly more than in the US. The reasons are that society wants to attract some of its best people to serve in these positions, and they want to insulate them from the temptation of corruption. In effect, these positions are considered to be of high social worth and society rewards them accordingly.   Also note that HK and Singapore have even freer capitalist market societies than the US (speaking of economic freedom here)...


I think that journalism is going to have to shift to a more scientific based reporting standard to regain credibility. Data driven reporting, with explained methodology for collection and vetting the data; adversarial review of methods and conclusions; greater emphasis on accuracy rather than speed of delivery. I would happily pay for that service. I think the days of good faith trust in journalism as an institution and best practices are gone.


I've had a small forex investment in the AUDUSD since Oct of 2010 at 50:1 leverage, and have more than doubled my investment on the swap alone.  Granted this is high risk with virtually every guarantee that it will fail *eventually*, but the AUD hasn't dropped at anytime during this trade enough to stop me out so far.  With a higher interest rate, there's a natural scarcity in the AUD, especially when compared to the USD.  Unless there's another crash like 2008, Asian trading with Aus significantly weakens, or the RBA screws the pooch, the AUD doesn't have many factors with a high probability for devastating impact on the currency.


The biggest problem is what happens when you make a withdrawal if an emergency occurs. If the money was a contribution from a past year, you will not be able to put those funds back into the fund until a later date. Assume the following scenario: The limits regarding maximum annual contribution and windows when you can contribute make this an inefficient way to operate the emergency fund/retirement fund.  Retirement and emergency funds are both important. Don't co-mingle them, it leads to double counting the money when you guesstimate where you are regarding your financial goals.


For the first few minutes, I thought it was just for that commercial they were making. Like, it was airing during a sitcom or something, and then they'd cut away to the shop and it would be normal.  But no. Terrible laugh track forever. On Netflix. WTF


Depends on how you look at it. If it's a flaw in the specific methodology needed to count Twitter users, and if that flaw caused duplicate counts of some segments (or failure to remove duplicate instances if you prefer that), it could cause consistent overstatement.  With that said, I'm sure they did it on purpose


Great, thank you very much! I guess I will just do my 7/66 first and then worry about the others (CFP or CFA) later if I really want to get them. I just wanted to make sure I wasn’t doing something I didn’t *really* need to do.


Any ETF has expenses, including fees, and those are taken out of the assets of the fund as spelled out in the prospectus.  Typically a fund has dividend income from its holdings, and it deducts the expenses from the that income, and only the net dividend is passed through to the ETF holder.   In the case of QQQ, it certainly will have dividend income as it approximates a large stock index.  The prospectus shows that it will adjust daily the reported Net Asset Value (NAV) to reflect accrued expenses, and the cash to pay them will come from the dividend cash.  (If the dividend does not cover the expenses, the NAV will decline away from the modeled index.) Note that the NAV is not the ETF price found on the exchange, but is the underlying value.  The price tends to track the NAV fairly closely, both because investors don't want to overpay for an ETF or get less than it is worth, and also because large institutions may buy or redeem a large block of shares (to profit) when the price is out of line.  This will bring the price closer to that of the underlying asset (e.g. the NASDAQ 100 for QQQ) which is reflected by the NAV.


There are fund of funds,e.g. life cycle funds or target retirement funds, that could cover a lot of these with an initial investment that one could invest into for a few years and then after building up a balance large enough, then it may make sense to switch to having more control.


"As a rule, if you will, recruiting is broken down into ""targets"", ""semi-targets"", and ""non-targets"".  A target school is one where almost all bulge bracket investment banks recruit heavily, semi-targets are where some recruit, and non-targets are where almost none recruit. This isn't an end-all-be-all, because many middle market and boutique banks recruit at a wide variety of schools, but use this as a guide essentially.  **Targets**: Harvard, Wharton, Princeton, MIT, Duke, NYU, Stanford, Columbia, Yale, Brown, Dartmouth, Cornell, Chicago, UC-Berkeley, and other top schools I might've left out (Amherst or other good liberal arts schools, I'm less familiar here)  **Semi-Targets**: Vanderbilt, UNC Chapel Hill, Duke, Notre Dame, Emory, Michigan, Indiana, Texas, etc. (think great state schools)  **Non-Targets**: You get the picture. Less recruiting here, but some might still get recruited at.   As far as programs go, Economics, Finance, Engineering, Physics-it could be a million things. What matters is that the degree is at least somewhat challenging and you show an interest in finance."


Nearly $1.0M sounds like a lot if you're installing furnaces or fixing cars, but how does the salary for the CEO of PBS compare to other broadcasters? [According to Wikipedia, the CEO of CBS made $69.9M in 2011.](http://en.wikipedia.org/wiki/Leslie_Moonves)  I think that a salary of 1.4% of a comparable peer would have made an interesting fact for this article, but nothing of the sort is provided.   The author clearly has a bias - Romney spin-doctoring. Not worth the read.


"hahaha. Will you just come out and say that you're rallying against the Jews? Why do you have to keep saying ""Globalists"" and naming as many ""___berg"" names as you can think of? This is fucking gold, and the fact that you're on the side of Pink Slime™ makes it even better.  >redditor for 27 days to post on The_Donald  Color me SHOCKED"


"> ...a marketing guy who as a teenager invented a color cathode ray tube design that almost beat Sony to a patent on the Trinitron display  Or so the entirely unsubstantiated urban myth claims.  Except it really doesn't hold any water at all... Sculley was born in 1939.   First of all there was a whole host of patents underlying Sony's Trinitron -- the early ones were applied for by Physicist E.O. Lawrence in circa 1960 (when Sculley would have been 21) -- and which Sony then bought from Lawrence in circa 1966 (Sculley aged 27), when Sony really began developing a practical version of what finally became the ""Trinitron"" display, which they then filed multiple other patents on starting in circa 1967 (by which time Sculley would have been 28+ and by which time he was already out of college -- Bachelor's AND an MBA -- and working for Pepsi). And moreover there is no way that Sculley would have known about Sony's patent application until after it was issued (which I believe was in circa 1970, by which time Sculley would have been 30+ years old).  -- BTW [Source for Sony history.](http://spectrum.ieee.org/tech-talk/semiconductors/devices/sony_pulls_plug_on_historic_tr)  And if you go with the OTHER version of this story -- that it wasn't a ""Trinitron"" but rather the ORIGINAL ""Color TV"" idea... well, then it becomes even LESS plausible... since [Baird first had a working CRT based electric/electronic Color television in 1939, patented a refined version in 1941, and public demonstrated it in the fall of 1944](http://en.wikipedia.org/wiki/John_Logie_Baird#cite_ref-26) (when Sculley would have been aged < 1 year, 2 years old, and 5 years old respectively).    And of course [the FCC was already reviewing prototypes of the CBS, RCA and CTI color TV systems in August of 1939](http://www.criticalpast.com/video/65675075009_color-television-broadcast_Columbia-Broadcasting-Systems_Color-Television-Monitor-Tube) (when Sculley would have been age 10).  So, about the only semi-plausible color-TV would be the models that were commercially introduced when Sculley *was* actually a teenager -- either the Westingouse H840CK15, or [the more well known RCA CT-100, both of which started *selling* (at retail stores) in the spring of 1954](http://i.kinja-img.com/gawker-media/image/upload/17m7kyhqjcm7ljpg.jpg) (the year when Sculley would have *just* turned 15 in April) -- but which BOTH had rather obviously been in development (and having patents filed) and preproduction planning for several years prior (according to RCA filing & licensing patents since 1946)... in other words, long before Sculley had reached an age that can plausibly be called a ""teenager"".  Pretty much like the rest of Sculley's claims regarding his ""technology ideas"" and inventions -- it's all retconned bullshit that was come up with during/after his time at Apple in order to make him look/sound like someone *other* than a ""carmel-colored sugar-water marketing guy"".  At best... he maybe had a ""crude idea"" for a ""color TV tube"" -- probably after reading some magazine article on how a plain CRT works -- and (maybe) there is even some kernal of truth to the fact that his dad (not a technical guy either) thought it had enough possible merit to warrant visiting a patent attorney... who probably (wisely) informed dear old dad to put his checkbook away... and then somehow junior got the idea (and maybe even started telling the tale) that he had ""been beaten to the patent office by XX days"" -- and of course now, as he got older he probably found out how implausible his story was... so he had to update/revise it, and he has since so thoroughly ""rewritten"" his own memory, that the claim would now be that not only was it a color TV idea... but it was a BETTER color TV... why it was the same as the ""Trinitron"". **Alas BULLSHITTING, even in such a blatant form... is not a crime; even suckering gullible people into repeating said bullshit... is also not a crime.**  >He also did a pretty good job foreseeing the mobile & Internet revolution (in hindsight it doesn't seem impressive  He didn't ""foresee"" anything -- he simply repeated (and attempted to claim credit for) things that had been in existence or development by a multitude of others while he was busy pushing carbonated pop."