It's a serious problem for traditional cinema: while I personally really enjoyed some recent films less critically-acclaimed like Ghost in the Shell's remake and more widely well-received films like It and Blade Runner 2049, the industry is clearly in a slump numbers-wise.  With Netflix, Amazon, Hulu, YouTube, and of course torrenting - it is harder to get as many people to the cinemas consistently.   It's a bit sad - at the surface, it would seem that if a series of really quality, however imperfect fall blockbuster films like It and and 2049 cannot sufficiently act as a defibrillator for the industry, it's not the type/quality of movies that are the only problem.   We're still getting plenty of action movies, superhero movies, Disney family movies, war movies, classic remakes, and romcoms...but people are choosing to go less.    For the foreseeable future - this is the new normal.  Fewer people are guying to movie theatres and the ones that do will go less often.  Cinema and Film companies are going to need to work within a model where a film opens to less people and will still be able to make money on the back-end with digital/online release.  I think there will always be a niche for people who want to see a movie when it's new on the big screen - so in the long run, I think the more premium cinemas like Alamo Drafthouse with the more premium experience with stylish contemporary theaters with comfortable seats, food, alcohol, etc will still get people in the door.  AMC and Regal will need to adapt to this model too and in some major cities, already are trying - AMC might be having slightly more success at this so far, but we'll see.  The industry will probably need to begin to operate more like a niche premium product in order to survive.


I don't know about anyone else, but I see this going as well as the self-service checkout counters at the grocery store. This isn't a tactic to speed up our experience - its a tactic to enhance the bottom line of an already dehumanizing and money-centric travel industry.


A premium car rental agency will sell a car which is working very well and quite far from the verge of breaking apart. They don't want to take the risk that one of their premium customers paying premium rates receives a worn-looking car which runs less than absolutely perfect (or even breaks down). They need to keep up their premium reputation. These premium agency also have a major marketing impact for the car industry. That's probably the main reason why they receive such massive discounts (see thelem's post). Obviously, the Mercedes Benz AMG Edition rental car will have a lasting impression on the driver (and the people not renting it, but seeing the boastful ads of the car rental company). So both the car industry and the rental company want this lasting impression to be a perfect one. A holiday car rental agency may have much lower standards. They often don't have recurring customers. They don't rent premium cars to premium customers but cheap cars to cheap customers.They don't receive the discounts the premium agencies receive. And they will milk their car to the max. You will notice that they windows fall out of the car when you bang the door shut. You will find that opening the door will be more difficult than breaking into the car. The seats may be stained - at least in the spots where some of the upholsters is still present. On the plus side, if you are lucky, the heating still works. On the minus side, you might not be able to turn it off. Water might leak into the car when it's raining, but that's not much of a problem as it will drain out through the holes in the bottom. No fear that water might rush in through these holes when driving though a puddle - the engine will not start during humid weather, so that's a non-issue. In any case, car rental customer might have mistreated the car. The engine has most probably not been run in. However, this appears to be less than an issue with modern car than it has been in the past. And very very few rental car drivers think that they really have to absolutely emulate Michael Schumacher just because they drive a car which is not their own. And anyway, that is a risk you take with about any used car.


I thought the same. Money as a transferable item is against future items, and debt is a transferable item against future money, which is also seen as a much farther into the future item.  Money = tomorrows item. Debt = tomorrows money = (tomorrows item)(time +1); or longer if we agree to pay it off over 20 years  Interestingly I have seen a writeup on why gold is the material of choice.   If someone can find this it would be great but I will try write from memory, Google is not helping. The story is something like this:  Essentially when trading a material for jewellery we had difficulty finding what material to use. Obviously it must be something hardy and tough, but not common. Metals are the obvious choice, although crystalline structures like gems and opals are useful. The reason for metals are that they can easily and repeatably be shaped into a form that will be aesthetically pleasing and hold its shape.   But which specific metal is to be chosen; obviously it must be chemically stable, so potassium magnesium and those metal like elements are removed from contention. It must be rare so items like lead, iron and copper are too common, although not worthless.  The most stable, malleable and rare materials are Platinum, Silver and Gold.   Platinum requires too high a melting point to be suitable; the requirements to smelt and handle it as a material are too high. Not to deny the value but the common use it prohibitive.   Silver is easier to handle, but tends to tarnish. Continuous upkeep is required and this becomes a detraction of its full value.  Finally Gold, rare, low melting point, resistant to tarnishing and oxidation, rare, malleable and pretty. A sweet spot of all materials.


"If you're ""living off the land"" and make no money, then you don't have to file.  Though you might be able to actually make money through credits and the like if you do file. If you've lost more than you've made, then you'll probably need to file since someone will have needed to report that they paid you (W-2 or 1099-MISC).  If the IRS receives a form saying that you made X and you don't file, they aren't going to just take your word for it that you lost more than you made, right?  That, and if you want a refund, you'll almost certainly need to file to get it."


"Wireless capabilities see Nikola tesla every type of communication outside of the walkie talkie really was created without the government. So the fact that i was born here against my own free will automatically gives the government the right to seize the fruits of my labor? This is where this bullshit statist logic falls apart because the only rebuttal you have is ""well just leave then!"" Which is fucking stupid and in pretty sure I already gave you 1 way but I'll say it again cuz it's clear you're incapable of following along, federal sales tax. With federal sales tax there are no deductions or coercion. Also the more money individuals have in their pocket  (disposable income) the more likely they are to spend and grow the economy. That's why you see countries like Sweden with insane tax rates seeing limited growth and in a lot of cases on the verge of an economic collapse. So if people have more disposable income causing them to have more purchasing power a federal sales tax would probably do better than an income tax and the people would receive something tangible instead of just losing 25% of their pay check. Btw don't ever say my income tax pays for roads because they don't that's what a gas tax is for. A majority of our infrastructure is paid for with revenue from other taxes not income. Income taxes pay mostly into military budget and social programs ie social security"


I agree with a lot of what you said, and I know a great many esteemed economists are trying to point the big finger of blame at the rating agencies who could have and should have scrutinized what they were evaluating as opposed to capitulating because of cash. However, you did not mention leveraging. Leveraging, when left unchecked becomes very dangerous. Although you have an opportunity to make far more than the initial investment would supply without the added leverage, any loss becomes exponentially more devastating, and quickly your loss from this one transaction is more than your initial investment. Not to mention when everyone finds out, and nobody wants to buy the bullshit funds you were peddling, and you can't repay the person who gave you leverage.......then kabbboooom


Fomblin oil is great to use in rotary vacuum pumps. This particular fluid makes for excellent base oils for high temperature and high performance. Indeed Fomblin can infuse exceptionally long service life with its incredible lubricant properties and increase the efficiency level of the vacuum pump with absolute ease.


No, you cannot. If you withdraw everything from all your Roth IRA's and end up with less than the total basis - you can deduct the difference on your schedule A (at the time of the last withdrawal) as an itemized deduction (as misc. deductions with 2% AGI cap). Regular IRA's are pre-tax, you cannot deduct anything from them.


There are a couple of cases where I'd argue in favor of the 401k: Employer matching - If the employer matches your contributions, then it makes sense to get these additional investments which if you are in a low bracket may exist as highly-compensated employees may want those in the lower brackets to contribute as much as they can. Investment options - If the employer has enough assets in the plan, there could be access to institutional versions of those funds.  For example, compare Vanguard Institutional Index Instl Pl (VIIIX) with Vanguard 500 Index Inv (VFINX), where the expense ratio in the former is just .02% while the latter is .17%.  Granted this is a minor difference in expenses, there is something to be said for how much a .15% drag year over year could add up.


In some country's even retail competitors set up a cartel like scheme and they pressure the fuck out of farmer and producers to drop prices, and obey to their promotion's.  It's like they give them the volume to expand, and now that you are in a whole other level of production cut down prices or you'll be left with perishable goods with a limited shelf life, and no one to buy them.


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"I would strongly consider renting; as homes are often viewed by people as ""investments"" but in reality they are costs, just like renting. The time-frame for return is so long, the interest rate structure in terms of your mortgage payments; if you buy, you must be prepared to and willing to stay at minimum 7-10 years; because anything can happen. Hot markets turn cold. Or stale, and just the closing costs will cause it be less advantageous to renting.  Before buying a property, ask yourself does it meet these 5 criteria:  IDEAL I - Income; the property will provide positive cash flow through renters.  D - Depreciation; tax savings.  E - Equity; building equity in the property- the best way is through interest only loans. There is NO reason to pay any principle on any property purchase. You do 5 year interest only loans; keep your payments low; and build equity over time as the property price rises. Look how much ""principle"" you actually pay down over the first 7 years on a 30 year mortgage. Virtually Nil.  A - Appreciation - The property will over time go up in value. Period. There is no need to pay any principle. Your Equity will come from this... time.  L - Leverage; As the property becomes more valuable; you will have equity stake, enabling you to get higher credit lines, lines of equity credit, to purchase more properties that are IDEA.  When you are RICH, MARRIED, and getting ready for a FAMILY, then buy your home and build it.  Until then, rent, it will keep your options open. It will keep your costs low. It will protect you from market downturns as leases are typically only 1 year at most. You will have freedom. You will not have to deal with repairs. A new Water Heater, AC unit, the list goes on and on. Focus on making money, and when you want to buy your first house. Buy a duplex; rent it out to two tenants, and make sure it's IDEAL."


"This is the best tl;dr I could make, [original](https://www.theatlantic.com/magazine/archive/2017/09/are-index-funds-evil/534183/) reduced by 94%. (I'm a bot) ***** > Best of all for their investors, index funds have consistently beaten the performance of stock-pickers and actively managed funds, whose higher fees may support the Manhattan lifestyle of many bankers, but turn out not to deliver much to customers.  > One journal article argues that large index funds are violating antitrust law; another recommends a limit on index funds owning stock in more than one company in an industry.  > Azar emphasized to me that common ownership is less problematic if index funds own only a small share of a company&#039;s stock, or if the company has other very large shareholders who don&#039;t also own shares in the company&#039;s competitors.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6tb4aa/are_index_funds_bad_for_the_economy/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~189518 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*: **Common**^#1 **company**^#2 **funds**^#3 **Ownership**^#4 **index**^#5"


Black Cabs arent allowed to do this. If they do, say you cant pay. They can call the police, but the police will tell them that they should have said the machine was broken when you got in the cab. It will still cost you £20,000,000 though.


Use a remitting service such as Ria Money Transfer. Almost all these services allow you to transfer upto $2999 at a time. So, you would be able to transfer the entire amount of $4500 within 2 business days(There is a monthly limit too, but it will definitely be more than $4500). There are no fees to use these services, but they do scrape off a bit on the currency rate. As of today you are getting 624 GBP for $1000 whereas the market rate is $641.95. You still save roughly $17 and 4 transactions, which adds up to more than $100. Here is a link to Ria's website. Other services, include Xoom, Western Union, Money Dart and Money Gram.


Along with the above reasons, the fact that DHA are under investigation by the Federal Police, should be a red flag to any potential investor. The Federal Police aren't called in over parking fines.  The rules that are in place for effective and appropriate management appear to have been compromised. I would like to see DHA's marketing people explain why the Department of Finance called in the Feds. To clarify further, with any investment, the potential investor must satisfy beyond any doubt whether there's a problem with an individual or with the way the organisation is managed as a whole. Look at the Big Four banks. To complete the research I suggest wait until DHA release an appropriate public statement (hopefully a sensible one that is honest- but don't hold your breath). I can see parallels with the recent scandal with HSU. When management is being led away in handcuffs it may be too late to change your mind.


"is this going to turn into one of those oh-so-common cases where you demand an example, and then when I actually give you an example, you will just say ""lol that doesn't count for such and such reasons, give me another"" and we end up in an endless loop where you keep just moving the goalposts?  medieval Iceland. There was no government, just various local chiefs. people could voluntarily choose to join under a chief if they wanted, who would provide them with legal protection in return for whatever form of payment/service. legal disputes within a chieftain's ""clan"" were solved privately, as were disputes between rival clans. There was effectively no government. This lasted for a few hundred years, eventually a Norwegian king basically garnered support and eventually took over.  it wasn't perfect anarcho-capitalism, but it was certainly a society without a government, and it did relatively well."


Marriott is an international company that has developments abroad which can act as a buffer for volatility.  People aren’t going to stop traveling, they just won’t come here and Marriott can take advantage of that with their properties abroad, but there are plenty of other companies that can’t.   You may not buy it because you’re too busy sucking Trumps dick, but you’re missing one other important fact.  Guess which countries we get the most tourists from... I’ll give you a hint one of them eat lots of tacos and the other likes maple syrup. We get almost half of our tourism from Mexico and Canada.  Mexico accounts for a full quarter of our tourism.    http://tinet.ita.doc.gov/view/m-2016-I-001/table1.asp  The argument isn’t about the economy overall.  It’s about the tourism sector.  Trump is lucky that Obama set him up with a strong economy, but he still manages to threaten it.  And he’s really threatening the tourism sector of our economy.    I’m not going to hold your hand while you suck Trumps dick.  You’re going to have to pull your head out of your ass yourself.  If you want to remain skeptical it’s your right.  You can remain ignorant all you want.  After all, Trump rose to power on people’s skepticism of experts.  If that’s the road you want to follow good for you but do the rest of the country a favor and go fuck off to some deserted island where you can shoot yourself in the foot without hurting the rest of us.  This shit isn’t hard to understand.  You just can’t admit that your hero is actively fucking this country over.  Like I said, do your fellow countrymen a favor and fuck off.  The country would be much better off if all you Trump supporting idiots removed yourself from politics and stopped trying to intervene in issues you don’t understand.


There's a company in my town that is notorious for refusing to hire people over 35.  They prefer to hire 20-somethings, work them them to exhaustion, and then dump them by the side of the road, career-wise, with the 20-something clutching a good reference letter in their hand if they're lucky.  I would love to work 3 days a week.  In truth, as a Veteran with chronic pain I sleep so lousy, and I'm so poorly integrated socially, that work is the primary place where I interact with people, so I keep on with it because the alternative is me sitting at home listening to my neighbour's dog howling the song of the damned for hours, or hearing their blaring telly as they drink themselves into a stupor and then leave the damned thing on all night after they eventually pass out.  I really thought retirement age would be better, but I closed on this place and I'm stuck here for a while.


That explains the ridiculously shit customer experience I've had (I'm not originally from Aus). Energex sent 3 technicians 3 separate times to connect the power to my unit but I still had no power, and claimed I was lying....only for me to find out 6 weeks later they had hooked power to the wrong (empty) apartment!   But it doesn't matter. We still have to pay them since they're the only distributor here in QLD :(


After doing this many times, my preferred method is: The reason being that the US banks will use every chance possible to take your money in fees. Usually the German bank website will tell you what the current exchange rate. You were correct in selecting Transfer in $ and got the exchange rate. In my experience if you transfer in Euros, the US bank at the other end, will take about 3-5%, because they can. Selecting OUR means that you only have the fee taken out by the Source bank. By doing shared, it looks like both banks took their full fee. If you chose OUR, I'm fairly certain you just would have paid the 1.50 and the 20. Chase would not have taken the 15.


An LLC is a very flexible company when it comes to taxation.  You have three basic tax options: There are other good reasons to create an LLC (mainly to protect your personal assets) so even if you decide that you don't want to deal with the complications of an S-Corp LLC, you should still consider creating a sole proprietorship LLC.


The one thing I would like to add to Ben's answer is that you will be lucky to get out of this with no proceeds.   So that 30-40K paid for the timeshare maybe a total loss. If this purchase was financed with the timeshare used as collateral you may need to pay it off prior to being released. One tactic I heard used is to offer the sales team, that sold you the timeshare, a bonus for selling yours instead of one out of inventory.  Assuming their commission is typically 25% of the sales price, you might consider offering them 40% or some higher figure.  Doing it this way, you will have all the slick marketing on your side probably generating the highest amount of revenue possible. Timeshares are really bad deals.  If you know this you can score some cheap vacations by attending their seminars and continuing to say no.  The wife and I recently got back from a nice trip to Aruba mostly paid for with airline points, and a 2 hour timeshare tour.


Or you know, going from 28k to 50k because I got my degree was 100% worth the 66k of debt I took out to fund myself. Spending 100k overall to get my wife and me through school bumped our pay by 40k a year.   In honesty, even a lot of risk-averse people look at school and think it's a great plan because, by and large, in-demand degrees pay for themselves quickly when the economy isn't in a recession.   edit: to further clarify, a lot of our debt was used for daycare and paying our mortgage and bills while we did school. The tuition itself was almost entirely paid for through grants and scholarships. It wasn't like playing the lottery, it was a methodical and logical approach to handling our finances that led us both to agree that quitting work for a couple years was worthwhile, and we had the credit and FICO score to pull it off.


Disallowed losses due to the wash sale rule are added to the basis of the repurchased shares.  In your example, on day two you paid $0.70 per share. Then the disallowed $0.30 loss from the previous day gets added to the basis, making your total basis $1.00 per share. When you sell at the end of the day for $1.00 per share, your net gain/loss is zero. Furthermore, you can recapture disallowed losses by selling the last lot of ABC, completely divesting yourself of all holdings in ABC for at least 31 days. Even if that last lot was a loss, when taking into account the increased basis from previously disallowed wash sale losses, you can claim the loss fully on this last, non-wash sale.


You can buy stocks in the IRA, similarly to your regular investment account. Generally, when you open an account with a retail provider like TDAmeritrade, all the options available for you on that account are allowable. Keep in mind that you cannot just deposit money to IRA. There's a limit on how much you can deposit a year ($5500 as of 2015, $6500 for those 50 or older), and there's also a limit on top of that - the amount you deposit into an IRA cannot be more than your total earned income (i.e. income from work). In addition, there are limits on how much of your contribution you can deduct (depending on your income and whether you/your spouse have an employer-sponsored retirement plan).


The numbers aside (I'd not assume 12%/yr) there is no limit to the balance. There are 401(k) accounts that have great matching and profit sharing deposits putting the per year limit closer to $45k, combine that with company stock in, say, Apple which has risen 60 fold this past decade, and balances in the tens of millions are possible.


Yes and no. This really should be taught at junior school level in a capitalist country but that is a different argument. A company is influenced by its shareholders but not in the way you are hoping. This is the only area where a Company must behave democratically with one share one vote. If you own one share in a company (specifically a voting share), then you are entitled to attend an AGM where you will have a vote on issues presented by the board. You might have an opportunity to make a statement or ask a question at the AGM, but I wouldn't rely on it. You will not be able to influence the companies behavior beyond that unless you control enough shares to influence the board. Notice I said 'control' not 'own'. If you get other shareholders to agree to vote with you, then you effectively control their shares. Shareholders are there to get a return on their investment, so you must convince them that they will get a better return by agreeing with you then by following the board (that they put there!). Convince them that (for example) a trespass lawsuit will rob the company of more value then the profit to be made and they might agree to not trespass. Morals, ethics, justice etc., are human attributes and since most shareholders are other corporations not humans, they have no place in your arguments with one exception; Goodwill is a value that appears on a balance sheet and you might be able to use emotional arguments to show that there is a risk of a loss of goodwill from the proposed actions. You can make your argument stronger by generating media pressure on customers and suppliers of the company to make critical public comments.


**Athenian democracy**  Athenian democracy developed around the fifth century BC in the Greek city-state (known as a polis) of Athens, comprising the city of Athens and the surrounding territory of Attica, and is the first known democracy in the world. Other Greek cities set up democracies, most following the Athenian model, but none are as well documented as Athens'.  It was a system of direct democracy, in which participating citizens voted directly on legislation and executive bills. Participation was not open to all residents: to vote one had to be an adult, male citizen i.e.  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/economy/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot) ^| [^Donate](https://www.reddit.com/r/WikiTextBot/wiki/donate)   ^] ^Downvote ^to ^remove ^| ^v0.28


tl;dr: Call them. I'd be very surprised if you have a problem. I used to have have a policy with Geico, and would pay for my car insurance 6 months at a time. About 2 months into my last period, I purchased a house. Unfortunately, Geico didn't offer homeowners insurance in my state, so I ended switching to another company that offered a better auto+home combined policy.  Since I had already paid for 6 months of coverage, I figured I'd just be stuck being double-covered for 4 months. So, I didn't bother doing anything until the end of the 6 months and called them to cancel the auto-renewal thinking what I've already paid was a sunk cost. The asked me why I was canceling and I explained the situation and they backdated the cancellation to when I got my policy with the other company and Geico issued me a refund for the time there was overlap.  Considering that they did that for a leaving customer, I'd expect them to be able to cancel the policy on a new car of a current paying customer with no issues.


Lipper publishes data on the flow of funds in / out of stock and bond funds: http://www.lipperusfundflows.com Robert Shiller works on stock market confidence indices that are published by Yale: http://som.yale.edu/faculty-research/our-centers-initiatives/international-center-finance/data/stock-market-confidence


Bank of America is the worst. Once I had a joint account with another individual that I had funded out of my account to make payroll.   When I found out that he had screwed two other people by stealing the payroll money I decided to disburse it myself and transferred it back to my corporate account on which I was the only signer.  He went back to the bank and effected a withdrawal from my account to the tune of tens of thousands of dollars, put the money in the joint account and removed me as a signer.   The bank wouldn't give me my money back and I never collected from him.  Another time I tried to close my sons' accounts which were in inactive status.  Every day for a week they told me they could not close the account until it was active, but they were working on making it active.  Chase could do this in a minute.  I finally went to a branch and loudly informed the manager that maybe the bank was insolvent and that I should call the FDIC to see why they won't release my money.  He wanted to take me into his office.  I told him loudly, I know all about DDAs, Savings and CDs, I have run deposit operations for a major bank and wrote software to process them.  Just put a hold on the account, write me two cashiers check and offset them with a suspense voucher.  You do know how to write a suspense voucher don't you? It's just a general ledger entry to a suspense account.  Well he was so embarassed he would do anything to get me out of the branch and gave me the cashier's checks.  Fuck B of A.


"First, keep in mind that there are generally 2 ways to buy a corporation's shares: You can buy a share directly from the corporation. This does not happen often; it usually happens at the Initial Public Offering [the first time the company becomes ""public"" where anyone with access to the stock exchange can become a part-owner], plus maybe a few more times during the corporations existence. In this case, the corporation is offering new ownership in exchange for a price set the corporation (or a broker hired by the corporation).  The price used for a public offering is the highest amount that the company believes it can get - this is a very complicated field, and involves many different methods of evaluating what the company should be worth. If the company sets the price too low, then they have missed out on possible value which would be earned by the previous, private shareholders (they would have gotten the same share % of a corporation which would now have more cash to spend, because of increased money paid by new shareholders). If the company sets the price too high, then the share subscription might only be partially filled, so there might not be enough cash to do what the company wanted. You can buy a share from another shareholder. This is more common - when you see the company's share price on the stock exchange, it is this type of transaction - buying out other current shareholders. The price here is simply set based on what current owners are willing to sell at. The ""Bid Price"" listed by an exchange is the current highest bid that a purchaser is offering for a single share. The ""Ask Price"" is the current lowest offer that a seller is offering to sell a single share they currently own. When the bid price = the ask price, a share transaction happens, and the most recent stock price changes."


"saying that someone is ""the CEO of their product"" (and the variants: for sales: ""the CEO of their territory"", for any one else: ""the CEO of their valuestream"") is idiotic and wrong.  It's a simple-minded nonsense perpetuated by unimaginative line managers.  It's downright insulting when directed at individual contributors."


The Fed has lost its grip on reality and is just freewheeling with no link to the real economy . . .just printing money and building up and cooking books just makes the banks look good . .for a bit . .but then reality  starts to come back as real people start to ask real questions  Where did all those trillions of dollars go?


You can't do what you would like to do, unless your business has another, unrelated investor or is willing to invest an equal amount of funds + .01 into a corporation which will employ you.  You will then need to set up a self-directed IRA. Additionally, you will need a trustee to account for all the disbursements from your IRA.


The specifications of Art parquet Surface Laminate Flooring SIZE: 805*401*12 CLASS: AC2-AC4   BASEBOARD: BROWN/GREEN HDF CERTIFICATE: ISO9001, ISO14001, CE, SGS Surface treatment: Shaped U: High-gloss, mirror, scraping, wood                                    General News: High-gloss                                    Waterproof (EVA padding silence) Advantages: 1. higher quality laminate flooring reaching European standards making samples,                         2.  free of charge for your color                         3. new product of innovation


I believe that the same message could be sent without shutting the company and putting thousands of people on unemployment and hurting shareholders. Dissolving the company would only hurt everyone except the people responsible who almost certainly have golden parachutes in their employment contracts.  How about penalizing them by assessing an extra cyber-breach tax on their revenues? Or seizing stock options and assets of the top level execs and only releasing portions after X many months without a security breach? Or use the fines to fund an initiative that companies need to be bonded against data loss with the rates set by security experts doing audits on the companies?  There are plenty of ways to improve the situation without putting them out of business. At the very worst, the company should be put up for sale to be taken over by a holding company that can manage the process of bolstering their security instead of just liquidating assets which would only hurt the innocent bystanders in the incident.


I believe @Dilip addressed your question alread, I am going to focus on your second question: What are the criteria one should use for estimating the worth of the   situation? The criteria are:  I hope this helps.


http://www.mint.com attaches to all your accounts and lists all your transactions.  I love it.


No one has said this specifically yet, but you're more likely to avoid the kinds of problems that concern you by choosing makes and models of vehicle that are known to be reliable.  Honda is well-known for the reliability of their cars, so definitely consider them. @MrChrister mentioned Consumer Reports--they are an excellent resource for buying new and/or used cars. @Natashska made a great point about dealers vs. private sellers.  To that point I'll add the following:


A derivative in finance is simply any asset whose value is based on the value of another asset or based on the value of a group of assets. A derivative contract is a type of contract (usually a 'standardized contract') with specific payout instruction based on the price changes of a different asset. The basic idea is that it becomes easier to make a claim to an asset or property (and profit from this claim), without needing to physically transfer it (or even the title to said asset), and use much less capital to do so (reduce risk). They become problematic when multiple people may have claims to the real asset, or when the value of the derivatives changes very quickly or are hard to calculate. There are also liquidity problems the further you get from the real asset. This is not a problem for all kinds of derivatives contracts. And you must recognize that derivatives are used colloquially in a way that has nothing to do with reality to cause fear in people/investors that are not financially savvy. Many derivatives also have dubious or no economic purposes such that regulators don't allow them to be traded since they can't see how it is different from gambling. This is seen in financial markets that are less liberalized or cultures with puritanical backgrounds. Typically the trick is to convince regulators that the derivative or financial product helps with reducing risk and hedging and it will get approved. I've mentioned some terminology, but this depends specifically on what kind of derivatives contract you become interested in. Swaps, Credit Default Swaps, Futures, Options, Options on Futures, Leveraged Exchange Traded Funds, Inverse Leveraged Exchange Traded Funds, warrants, and more all have their own terminology. How to trade them in a simulation? It all depends on which financial product you really become interested in.


www.earnings.com is helpful thinkorswim's thinkDesktop platform has a lot of earnings information tied with flags on their charts they are free.


"As others have commented, this is almost certainly a Ponzi scheme. What will happen is that they will report to you that you are earning fantastic returns.  This will encourage you to pour more money into the scheme in the belief that you are making huge profits. The problems will start to occur when you ask for your money.  You won't receive any money and by the time you realise you have been scammed, the site operators will have vanish with all of the ""suckers"" money."


31 USC § 714 - AUDIT OF FINANCIAL INSTITUTIONS EXAMINATION COUNCIL, FEDERAL RESERVE BOARD, FEDERAL RESERVE BANKS, FEDERAL DEPOSIT INSURANCE CORPORATION, AND OFFICE OF COMPTROLLER OF THE CURRENCY ... snip   **Audits of the Board and Federal reserve banks may not include**  (1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;  (2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;  (3) transactions made under the direction of the Federal Open Market Committee; or   (4) a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.   (c) (1) Except as provided in this subsection, an officer or employee of the Government Accountability Office may not disclose information identifying an open bank, an open bank holding company, or a customer of an open or closed bank or bank holding company. The Comptroller General may disclose information related to the affairs of a closed bank or closed bank holding company identifying a customer of the closed bank or closed bank holding company only if the Comptroller General believes the customer had a controlling influence in the management of the closed bank or closed bank holding company or was related to or affiliated with a person or group having a controlling influence.   (2) An officer or employee of the Office may discuss a customer, bank, or bank holding company with an official of an agency and may report an apparent criminal violation to an appropriate law enforcement authority of the United States Government or a State.   (3) Except as provided under paragraph (4), an officer or employee of the Government Accountability Office may not disclose to any person outside the Government Accountability Office information obtained in audits or examinations conducted under subsection (e) and maintained as confidential by the Board or the Federal reserve banks.   (4) This subsection shall not— (A) authorize an officer or employee of an agency to withhold information from any committee or subcommittee of jurisdiction of Congress, or any member of such committee or subcommittee; or (B) limit any disclosure by the Government Accountability Office to any committee or subcommittee of jurisdiction of Congress, or any member of such committee or subcommittee. ... http://www.law.cornell.edu/uscode/text/31/714   The people here who are under an illusion the federal reserve has any sort of beneficial attributes are deluded, where in reality it is banking on your countries increasing debt and impoverishing you and the nation your fathers conquered with a veil of legitimacy and a tattoo of tyranny since it's inception.


"Agreed. The idea that one goes into ""retirement"", or is expected to, at a certain age, is a little confusing to me.  Since when did it become not-the-norm to work until you had enough money saved up, and then stop working. While I take full advantage of retirement tax vehicles, the idea of a dedicated retirement fund, retirement benefits, pension payouts, etc... is a relic of the 1960s."


You take it to a bank or Foregn Exchange agent and exchange it for your rupees (I assume this is your national currency). They will exchange it at the current exchange rate and some may charge you fee for doing it.


"I agree. This article doesn't even consider the fact that we may be adding different types of jobs, and ones in different industries than those that were lost during the recession.   Instead, it seems to assume that all jobs are uniform and that when the economy adds jobs after a recession that they are replacing the old jobs that we lost. That is simply not so. Nothing is that simple.  There aren't just ""jobs"" and ""CEO jobs."" The economy is more complex than that.  We lost a lot of high-paying jobs in the recession that just won't ever come back--especially jobs at financial institutions that were dependent on mortgage backed securities, a part of that industry that has since shrunk permanently. Losing those jobs were necessary and good for the economy. The fact that the jobs we are adding now happen to be at a lower wage are basically happenstance as I see it.  I'm just happy that we're adding jobs. The inequality thing will always be an issue and I hope it gets better, but this article is pretty elementary when it comes to economic truth."


"I like stuff like this for perspective but I found the article lacking in mechanics as to how to unlearn, how to apply it, etc. I may have missed it though. This reminds me of my CEO challenging everyone at every level to ""innovate"". Need more of the ""how"" behind these kinds of objectives. It's great to shed preconceptions, think outside the box, etc but that's been managerial buzz speak for years, and yet we still find ourselves within the box. Focusing on how to get out of it seems like a worthy cause."


The title question suggests an answer - Balance.  There are countless stories of misers who saved their money but led miserable lives.  Keep in mind, you are looking at debt while still earning an income lower than you'll see after you get your PHD. Don't add more debt while working towards the PHD, but don't think that this is the time to aggressively pay it off, either.  I'd look at it this way - when you get a full time job, money itself will be cheaper, it will cost you fewer hours to earn the same number of Euros. When I was in college, the US minimum wage was just over $3/hr, but I had an engineering degree and back then, a starting salary of over $20/hr. While still in school, my time was precious, and the $10,000 I borrowed (for spending money) was 3300 hours that I didn't need to work, but it was paid back with just 500 work-hours.  Your question also goes to the future, a home purchase. There are 2 approaches. First pay off the student loan, then save for the down payment. For many anti-debt people, this is ideal. But, if your goal is to be in the house sooner, save now for the down payment and only pay the minimum on the loan. Once you are in the house, you can decide to pay the student loan faster, but 1.5%? I'd just pay the mortgage faster.  I don't know the cost of housing where you will choose to live, but in general, I'd suggest finding the house that you can afford on a 15 year mortgage, but take out a 30. This will give you flexibility in your budget. Life happens, and it's tough to plan for every possible outcome. I'd prefer to have room in the budget for the first years in the house, and for potential marriage and the kids that may follow. It's far easier to pay extra on loans than to get lower payments when you realize the budget is too tight.  Happy to update/edit to address any comments you may have.


I believe that capital gains do affect AGI, but if she sells $40k of stock, then the AGI doesn't go up by $40k, it only goes up by the gains (gross proceeds of the sale minus cost basis). So if she paid $30k for that stock, then the AGI goes up by $10k not $40k.


Online advertising with our vikasmarg.com portal will benefit you immensely. Both sellers and buyers can get better business options by posting your advertisements in our site. As our site houses several categories including house clearance services, fashion, entertainment related information such as movie theatres, restaurant finders, pubs and night clubs, outdoor advertising agencies; you will have high chances of doing best deals in the business.


Part of 'consideration', I imagine, would be the obligation of either party to follow through on an agreement, not only fair market value. Look at the thought experiment from the opposite perspective.  If you did not pay him $150 (maybe just $50 or even $0), would you be breaking a contractual obligation to him?  If he left after 2 hours because he forgot about a family event and did not finish your move, would he be breaking a contractual obligation to you even if you gave him $150? It seems it can be considered a gift (Update: in all cases) There was no agreement of what either party viewed as full consideration in a mutual exchange.   To put it another way: From your examples, there is no evidence that the performance of either party hinged on receiving mutual consideration from the other.  More Updates from comments: Patterns Matter Similarly to how the IRS may determine W2 employee vs independent contractor, patterns do matter.  If your friend has a pattern of helping people move in exchange for tens of thousands of dollars in gifts every year, the IRS would view that in a different light. A waitress/waiter has a pattern of accepting 'gifts' of tips in exchange for good service as a part of their established job duties. If you gifted your friend with $150/week when they watched your kids every Monday-Wednesday, that would be different. You are establishing a pattern, and I would suggest you may be establishing mutual consideration. In that case, consult a professional if you are worried. Amounts Matter This is why the gift tax exemption was created. The IRS does not care about the amounts in question here. It is too much of a burden to track and account for transactions that are this questionable and this small.  You gift your friend with a $20k car? Now you need to pay attention. Consult your CPA. You gift your friend $1k for helping build your new deck? The IRS does not care. Intent Matters Even in the first case, it is not necessarily true that your friend considers $150 to be mutual consideration for his services. Would he open a business where he offers that rate to the general public? I doubt it. He intends to gift you services out of his own free will, not because there will be an equitable exchange of value.  The intent of both parties is to give a gift. There is no evidence that would suggest otherwise to the IRS, it seems, even if they cared in the first place.


Ethereum is a currency. You cannot invest in a currency. Currency doesn't have intrinsic value. It is only a medium for exchange. If you were stuck on an island and all you had was Ethereum you'd be SOL. Had you spent the Ethereum and bought a boat and took that to the island the boat would be an investment. The boat has value, it can get you off the island - whereas the Ethereum cannot.   Also, Ethereum is trash. BTC4L.


"I was simply saying, contrary to your ""only a fool"" comment, the fact that White Supremacist groups publicly praise Trump makes it pretty easy for the common person who doesn't really follow politics to make the connection. Doesn't take a ""fool"" at all.  You pretty much also just confirmed what I said by stating there are commonalities between their platforms. So I'm not sure what you're arguing against here.  And if you're trying not to be rude in this thread, you should try harder."


I would rather have a SE turned into a finance career than someone who just went straight into finance. SE tells me that you love science. Most finance people are idiots who is in it solely for the money. Trust me, there is alot of them.


"I've recommended this book a few times on this site, and I'm going to do it again. Get a Financial Life: Personal Finance in Your Twenties and Thirties by Beth Kobliner  Most of the personal finance advice books and blogs I have found focus too much on investing, or are more about ""lifestyle"" than finances, and left me unimpressed.  I like this book because it covers most of the major personal finance topics (budgets, rainy-day fund, insurance, retirement, and non-retirement investment).  I have not found another book that covers the topics as concisely as this one. It is no-nonsense, very light reading.  Even if you are not a book person, you can finish it in a weekend.  It is really geared for the young person starting their career. Not the most current book (pre real-estate boom), but the advice is still sound. Keep in mind that is is starting point, not the ultimate answer to all financial questions."


What standards do you set for performance? My wife has three students with parents in jail, and one that started the year not speaking English. Due to budget cuts, less extreme special Ed. Students are joining regular classrooms. My wife has one student who can't add single digits in 2nd grade due to learning disabilities. Im not saying seniority based is right, because god knows there are bad apples everywhere, but you start to skirt teaching to the test. Again (NCLB).


Your assets are marked to market. If you buy at X, and the market is bidding at 99.9% * X then you've already lost 0.1%. This is a market value oriented way of looking at costs. You could always value your assets with mark to model, and maybe you do, but no one else will.  Just because you think the stock is worth 2*X doesn't mean the rest of the world agrees, evidenced by the bid.  You surely won't get any margin loans based upon mark to model.  Your bankers won't be convinced of the valuation of your assets based upon mark to model. By strictly a market value oriented way of valuing assets, there is a bid/ask cost. more clarification Relative to littleadv, this is actually a good exposition between the differences between cash and accrual accounting. littleadv is focusing completely on the cash cost of the asset at the time of transaction and saying that there is no bid/ask cost.  Through the lens of cash accounting, that is 100% correct. However, if one uses accrual accounting marking assets to market (as we all do with marketable assets like stocks, bonds, options, etc), there may be a bid/ask cost.  At the time of transaction, the bids used to trade (one's own) are exhausted.  According to exchange rules that are now practically uniform: the highest bid is given priority, and if two bids are bidding the exact same highest price then the oldest bid is given priority; therefore the oldest highest bid has been exhausted and removed at trade. At the time of transaction, the value of the asset cannot be one's own bid but the highest oldest bid leftover.  If that highest oldest bid is lower than the price paid (even with liquid stocks this is usually the case) then one has accrued a bid/ask cost.


Based on your question, I am going to assume your criterion are: Based on these, I believe you'd be interested in a different savings account, a CD, or money market account. Savings account can get you up to 1.3% and money market accounts can get up to 1.5%.  CDs can get you a little more, but they're a little trickier. For example, a 5 year CD could get up to 2%. However, now you're money is locked away for the next few years, so this is not a good option if this money is your emergency fund or you want to use it soon. Also, if interest rates increase then your money market and savings accounts' interest rates will increase but your CD's interest rate misses out. Conversely, if interest rates drop, you're still locked into a higher rate.


I think there are two options: You invest for very close friends, who trust you completely. In this case, I don't see why you need legal formalities. Just take their money, invest, and return the profits (or losses) to them. They'll know that you invest it as well as you can (rather than spend it on your dream vacation), simply because they trust you. And in case they never get to see most of their money back - they'll know that you've tried your best, and won't be upset with you. You invest for people who trust you, but not 100%. In this case, don't take their money. If you lose (and in Forex, you most likely will) then you'll lose not only money, but also your friends. Even if the legal documents would prove that you were honset, and that they knew what they're getting into, they'll still be mad at you.


"Good. It's created a redneck capitalist conundrum. They either realize that they pay shit wages and need to up their hourly to attract ""lazy millennial 'Muricans,"" or they realize that all of those hardworking immigrants are the only ones they can exploit for profitable operations.   But, I don't expect it to necessarily make sense to them. I've heard many ""dey took errrr jerbs!"" and NAFTA/TPP/trade in general is Satan from more than a few mouth breathers that I've watched shuffle into a Walmart looking for dirt cheap products. They didn't get it then as Walmart carpet bombed their towns/states/country of decent paying jobs in manufacturing and mom and pop retail; why would now be different?"


I think part of the confusion is due to the age of the term and how money has changed over time relative to being backed by precious metals vs using central banks etc. Historically: Because historically the coin itself was precious metal, if a change occurred between the 'face value' of the coin and value of the precious metal itself, the holder of the coin was less affected since they have the precious metal already in hand. They could always trade it based on the metal value instead of the face value. OTOH if you buy a note worth an the current price of ounce of gold, and the price of gold goes up, and then the holder wants to redeem the note, they end up with less than an ounce of gold. In the more modern age  The main concern is the cost to borrow funds to put money into circulation, or the gain when it goes out of circulation.  The big difference between the two is that bills tend stay in circulation until they wear out, have to be bought back and replaced.  Coins on the other hand last longer, but have a tendency to drop out of circulation due to collectors (especially with 'collectible series' coins that the mint seems to love to issue lately).  This means that bills issued tend to stay in circulation, while only a percentage of coins stays in circulation.  So the net effect on the money supply is different for the two, and since modern 'seigniorage' is all about the cost to put money in circulation, it is different in the case of coins where some percentage will not remain circulating.


"A credit Union makes loans exactly the same ways a bank does. A portion of the money deposited in  checking, savings, money market, Certificate of Deposit, or IRA is then used to make loans for cars, boats, school, mortgages, 2nd mortgages, lines of credit... The government dictates the percentage of each type of deposit that must be held in reserve for non-loan transactions. The Credit Union members are the share holders of the ""company"". There are no investors in the ""company"" because the goal is not to make money. In general the entire package is better because there is no pressure to increase profits.  Fees are generally lower because they are there to discourage bad behavior, not as a way to make a profit off of the bad behavior.  Dividends/interest are treated the same way as bank interest. The IRS forms are the same, and it is reported the same way. Some of bizarre rules they have to follow: maximum number of transactions between accounts, membership rules, are there because banks want to make it harder to be a member of a credit union."


To complement farnsy's answer, I want to warn people against market prediction scams. If they give uniformly distributed buy/sell predictions to 256 people, one of them will get eight correct predictions in a row. They are trading a few cents of Amazon server time for 3% of your capital.


Not sure why people are suggesting CFP or CFA to someone who hasn't graduated with a BS yet.   With that said, CFA had a claritas (fundamentals course) with like 20-20 page chapters going over basic finance and investment info. Pretty sure you can still get those pdfs for free. Investopedia is also great for general concepts for banking and investments.   CFA is very expensive and I wouldn't touch it until you've taken general business classes and really built up your foundation.


>observe their contractual obligations.    If not having to pay you is part of the deal, then it's not a good deal. Clearly companies have no reason to not just keep that money, and they keep it every chance they get. Why wouldn't they?


The real problem is that there are a dozen neighborhood bars within walking distance of me that follow a similar format, at a similar price, but have decent food. BWW is in a crowded niche and offering a substandard and generic product compared to the local options.


Close your card, now. Let your credit card provider / bank know about the situation. Never, ever ever, give out your password. Not to a friend, not to your bank and not even to your cat.


Only in terms of inflation Because of inflation, €300 would be worth less in December 2011 than it was in January 2010.  Thus, it's to your benefit to pay in monthly installments rather than up-front. Now to calculate the difference in monthly payments of 300 euro using the above webpage what should I do? You'd need to calculate 23 different values: But this is a pointless exercise, since you'd have signed a 24 month lease at a fixed price.  Hence, my original comment.


the total principal is also dropping - you mean you're paying it down, right? All else the same, if you found a house whose payments are less than rent, and planned to stay long term, buying can make sense. But let's not forget the other costs and risks. How badly do you want to be a homeowner? Adding image from another post here:  This shows that housing prices have fallen below the long term trend line and equilibrium level.


Money's got me damn stressed, it's hard not be salty at timec, I'm sorry.   When I was young, I loved the sweetness of candies and pastries. Now my favorite foos are all things like pretzels, tortilla chips. Feels like a loss of innocence /meta


Remember that if you make charges as the starting of your billing cycle, then you are receiving a free ~60-day loan. For those that are able to receive high interest rates on their, this means a greater opportunity to earn on their money. For example: Your billing statement ends on Jan 5th. On Jan 6th, you max out your credit card. Your billing statement ends on Feb 5th. Depending on your credit card, your grace period can be anywhere from 20 to 30 days. If your bill is due Mar 7th, you just gave yourself a free 60 day loan. If you have multiple credit cards with different due dates and long grace periods, you can rotate which cards you max out to optimize the money you keep in savings.


You can't cash the check silly.  How can you go off on a rant when you can't even tell the difference between a real check and a promotional tool.  If you don't want to call in an get info throw it away....simple.  This thread made me laugh.  Thanks for that.  Good day.


"This is the best tl;dr I could make, [original](https://www.mercatus.org/publications/declining-male-labor-force-participation-jobs) reduced by 85%. (I'm a bot) ***** > In particular, some are concerned about the increase in the number of prime-age men who are neither working nor looking for work-men who are out of the labor force, or inactive.  > While many observers assume that increasing inactivity rates reflect more men &quot;Dropping out&quot; of the labor force out of frustration with the job market, relatively few prime-age inactive men fit the picture.  > Few inactive men say they want a job in a typical week, and most of the increase in inactivity has involved men who do not want a job.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/73qnp0/whats_behind_declining_male_labor_force/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~220414 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*: **men**^#1 **job**^#2 **inactive**^#3 **inactivity**^#4 **percent**^#5"


I guess you could figure it out based on your total income, and the total number of hours it takes to generate that income if you want to do it simply. Count you job, side work, soda can deposits, and saving earned directly by effort (coupons and deal shopping) But the real answer to the question is understanding Opportunity Cost and what you could be doing instead.  The problem with opportunity cost is the value system that judges the worth of the other opportunities is a deeply intrinsic factor that cannot be judged by anybody else.


"One problem with this plan is that the individual must have earned income to contribute to a Roth IRA. If you have an infant, unless she is the new Gerber baby or something like that, there is probably no legitimate way for her to earn income. If you own a business and have kids who are older, you can employ them to do work for you, but they must really do work and earn around the market rate for that work. Otherwise, it is unlikely that they will be able to earn enough to fund an IRA until they are teenagers. When they are old enough to work, you can ""match"" their earnings by contributing the same amount to a Roth IRA on their behalf, but this will not give you the amount of contributions and growth time that you were counting on."


It's a covered call.  When I want to create a covered call position, I don't need to wait before the stock transaction settles. I enter it as one trade, and they settle at different times.


I think it is time that the US stop doing Israels bidding, because the Israeli's now want more land to occupy. It is ridiculous that US forces are working side by side with ISIS and supporting them with money and material.  What is a more important question is if the US is working with the ISIS, then who is attacking Europe and US?


Given your needs, GNUcash will do swimmingly. I've used it for the past 3 years and while it's a gradual learning process, it's been able to resolve most stuff I've thrown at it. Schedule bills and deposits in the calendar view so I can keep an eye on cash flow.  GNUcash has scheduled payments and receipts and reconcilation, should you need them. I prefer to keep enough float to cover monthly expenses in accounts rather than monitor potential shortfalls.   Track all my stock and mutual fund investments across numerous accounts. It pulls stock, mutual and bond quotes from lots of places, domestic and foreign. It can also pull transaction data from your brokers, if they support that.  I manually enter all my transactions so I can keep control of them. I just reconcile what I entered into Quicken based on the statements sent to me. I do not use Quicken's bill pay There's a reconciliation mode, but I don't use it personally. The purpose of reconcilation is less about catching bank errors and more about agreeing on the truth so that you don't incur bank fees. When I was doing this by hand I found I had a terrible data entry error rate, but on the other hand, the bayesian importer likes to mark gasoline purchases from the local grocery store as groceries rather than gas. I categorize all my expenditures for help come tax time. GNUcash has accounts, and you can mark expense accounts as tax related. It also generates certain tax forms for you if you need that. Not sure what all you're categorizing that's helpful at tax time though. I use numerous reports including. Net Worth tracking, Cash not is retirement funds and total retirement savings. Tons of reports, and the newest version supports SQL backends if you prefer that vs their reports.


"Care to elaborate? It is my understanding that any asset can be rehypothecated at least in theory. By saying these car loans ""aren't"" rehypo'd, do you mean this is not the practice, or that there is a law/regulation prohibiting it?"


I dont think you understand teh main problem with HFT, they locate the machines next to the exchanges, and make money based on the latency between exchanges. This is not something anyone but them can do. And it is basically cheating the market.  You ever see the scam.. it was in mash, where [Frank Burns](http://www.funtrivia.com/en/subtopics/M*A*S*H----Out-of-Sight-Out-of-Mind-181978.html) got the radio signals early for the games, and would place bets on the games already knowing the outcome for when they were broadcast on official armed forces radio. That is what HFC is. They get the score of the game before you do, and then bet on the game.  and yes they place a lot of orders and cancel them, that isnt to slow other traders but to force more latency on the system, so they can know the scores even earlier.


This is dependent on the broker according to The Options Industry Council.  Your broker will specify what they would do upon expiry (or hours before last trade) if you did not indicate your preference. Most likely they will conduct a probabilistic simulation to see whether exercising the contracts may result in margin deficit even after selling the delivered shares under extreme circumstances. In most cases, brokers tend to liquidate the option for you (sell to close) before expiry.  I've seen people complain about certain brokers forcing liquidation at terrible bid-ask spreads even though the options are still days to expiry. It is better for you to close the position on your own beforehand. The best brokers would allow margin deficit and let you deposit the required amount of money afterward.  Please consult your broker's materials. If you can't find them, use live chat or email tickets.


I'm not really sure yet. I know I'm beginning my upper level finance courses (Corp. Finance & Investments this Autumn) so I am going to try and see what I like. Investments have always attracted me but I have to experience it before I can say what I would like. I'm really open to anything.  I know excel quite well (thought of getting Microsoft certified to put on resume) and stats have always been fun for me. I took 2 intro to accounting courses but have forgotten most of the material. Is there any part of accounting you recommend is valuable (auditing, financial acct, reporting & financial statements, etc.; maybe any course suggestions bc I know Ohio State Uni has multiple courses on different acct topics)?


Online auction is creating a great opportunity for sellers and buyers to benefit. Sellers have the opportunity to market their products and meet potential customers from any part of the world. There are different websites that offer these services of online auctions. Nowadays most people prefer online auctions as they can easily get high-quality goods at affordable prices. In this article, we will discuss top 10 most reputable online auction websites.


Ultimately, she sold the rights to her images.   Highly competitive businesses can't explain ad campaigns with stock-photo sellers because it's risking a breach of privacy on the companies media assets and upcoming campaigns.  Yes she may feel bad about it, even express her feeling sensationally, but ultimately she sold the rights and it could be worse. She could be on the front of a sex product package or something more direct and less suggestive in nature.   This would of course be different if she was using a variation on a Creative Commons licence where the company had to ask permission to use it and explain what the user was for.


"AIUI this is not terribly abnormal. There are authorisations (sometimes reffered to as ""pending charges"" or ""holds"") and actual charges. An authorisation reserves money but doesn't actually take it. Normally what happens when you pay by card is that the merchant gets an authorisation immediately. Then some time later the authorisation is converted into an actual charge when the merchant takes the money. Sometimes merchants are slow in taking the actual charge, either deliberately (some merchants won't charge your card until they actually supply the goods to reduce the chance of having to process a refund) or because of administrative snarlups somewhere. When this happens the authorisation can time out before the actual charge is taken. So you get the pattern you see, first the authorisation appears then it times out and dissapears and finally the actual charge shows up."


A basement unit would typically rent for less than similar space on a higher floor.  Taxwise, you should be claiming the income, and expenses via schedule E, as if it were legal. Keep in mind, Al Capone was convicted on tax evasion  not his other illegal activities. As long as you treat it as a legitimate business, a rental unit, you will be good with the IRS. The local building department will fine you if they find out.


The segment only briefly talked about the economic aspect of this.   I feel a lot of this has to do with the fact that tech companies are IP heavy as supposed to capital heavy. This makes them more flexible to enter new markets. It is somewhat unthinkable for a non-tech company to go into a market in a different vertical (e.g. Amazon going into movie making).   Also I much rather the government tackle cable/utilities monopoly first, as that market is already anti-consumer even on price. Tech is still pro-consumer on price, just anti-consumer on choice.


Assuming US/IRS: If you filed on time and paid what you believed was the correct amount, they might be kind and let it go. But don't assume they will. If you can't file on time, you are supposed to file estimated taxes before the deadline, and to make that payment large enough to cover what you are likely to owe them. If there is excess, you get it back when you file the actual forms. If there is a shortfall, you may be charged fees, essentially interest on the money you still owe them calculated from the submission due date. If you fail to file anything before the due date, then the fees/interest surcharge is calculated on the entire amount still due; effectively the same as if you had filled an estimated return erroneously claiming you owed nothing. Note that since the penalty scales with the amount still due, large errors do cost you more than small ones. And before anyone asks: no, the IRS doesn't pay interest if you submit the forms early and they owe you money. I've sometimes wondered whether they're missing a bet there, and if it would be worth rewarding people to file earlier in order to spread out the work a bit better, but until someone sells them on that idea...


First, If you buy $10K of a penny stock and try to sell it that afternoon, you probably won't get your money back. The bid/ask spread may cost you dearly.  On the shady side, if you are able to afford to trade enough shares to attract attention, the interest of those who believe the volume is an indication of some real event happening, you may pump it high enough to make some nice money, selling into the ensuing rise. This is a classic pump and dump (which often but not always, includes posts on message boards) and it is illegal. The same way this volume attracts traders, it can also attract the attention of the SEC.  This should be read as a narrative, not as advice. If anything, it's advice on what not to do.


"Paying the mortgage down is no different than investing in a long term taxable fixed instrument. In this economy, 4.7% isn't bad, but longer term, the stock market should return higher.  When you have the kid(s), is your wife planing to work? If not, I'd first suggest going pre-tax on the IRAs, and when she's not working, convert to Roth. I'd advise against starting the 529 accounts until your child(ren) is actually born.  As far as managed funds are concerned, I hear ""expenses."" Why not learn about lower cost funds, index mutual funds or ETFs? I'd not do too much different aside from this, until the kids are born."


FRED isn't recording people, it's recording households.  A household can hold any number of people.  When your person moves from a rental back in to their family's house, the number of separate households goes down to 9; and home ownership shoots up to 55.5% according to FRED.


If you do the financing, get a large down payment and make a short loan.  Do not expose yourself to risk with a 30 year note, and get some major money up front so the buyer has some skin in the game and will continue to make payments.


"PayPal offers a service called ""PayPal Business Payments"". Instead of charging a percentage, they charge a flat fee. For US-to-US payments, the fee is fifty cents per transaction. For Canada-to-Canada payments, the fee is five dollars per transaction. You need to use a third-party invoicing service and choose the ""PayPal Business Payments"" option. FreshBooks or Zoho Invoice might work."


Let's take your argument to its logical conclusion. Let's say there is a company that uses infrastructure of UK, Germany, France, US, Japan, Italy and Spain (because it's a global multinational). Corporate taxes in these countries are 19%, 29.65%, 33% (for large companies), 35%, 32.1%, 27.9% and 25%. Now according to your logic, each of these countries should tax the company's profits. Such a company in your world would pay more in taxes than it makes in profits (tax rate > 100%).


Here's another way to think about.  Let's assume it is 2011 and we have a married couple who are 25 and make a combined salary of $50,000/yr net.  A suitable first house in their area is $300,000, six times their annual net salary.  Assuming they could scrimp so that 1/2 of take-home went toward saving for their home, they could save enough to buy the house using cash in 12 years, at the age of 37.  Onerous, but they could do it. But now let's allow salaries to increase by 3% a year and homes at 10%/yr, as in your question, and let's run things out for 20 years. Now a 25 year old couple at the same sort of jobs would be making $87,675/yr.  But the houses in that town would be worth not $300k but $1,834,772.  Instead of six times their salary, a house is now nearly 21 times their salary.  This means that if they saved 1/2 of take-home to save up for a house, they could afford to buy the house using cash when they were 67 years old. It gets worse quickly.  If you run it out for just ten more years, to 30 years, a couple would be able to buy the house -- at $4.8 million or 40x a year's salary -- in cash when they were 105 years old.  (Let's hope they ate brown rice). Mortgages can't save them, since even if they could put down ten years' worth of savings on the 2041 house (that'd be 14% down), they'd still carry a $4.1 million mortgage with a $118k annual net salary.


"> People generally do not like labor, especially if it is something they do not find fulfilling.   I agree... sort of. Of course people don't enjoy doing work they find unpleasant, but I think the idea that people do not like working as a rule is not as obvious as it seems. After all, that's more of a guess as it has never been tested in any meaningful way; humans throughout history have, for the most part, worked.   While I have an easy time agreeing that it's preferable for people to work on things they find fulfilling (or at least not unpleasant) than to work on things they hate, I'm not sold on the concept that people would actually prefer not working at all to working. I think productivity and purpose are critical components to the human experience, and work plays a big role in them - in other words, the idea of not working wouldn't necessarily match the reality of not working if we ever had a chance to properly explore it. On a side note, I think this is something absolutely worth experimenting with - you could run some decent experiments for less than $50m, which is really a small amount to explore such a universally relevant topic.   > Wage (chattel) slavery has never, nor will it ever be a positive attribute to any society.   This strikes me as a loaded statement - and, on the surface at least, not one I agree with. Please help me understand your thinking here.   How exactly do you define wage slavery?   If you define it as ""working in order to survive,"" would you consider maintaining a small working farm in order to feed your family, as was done by many throughout history, to be a form of wage slavery? How about hunting and gathering - not paid labor, clearly, but nonetheless difficult work that was done only because it was necessary for the worker to survive?   Is working for wages, which you can then exchange to buy food and such, different in kind from working to produce or capture food? Is working to afford enough food and shelter to survive different from working to afford more luxurious food or shelter?   I'm not being argumentative - I'm just trying to understand the implications of that statement. :)   As far as a reduction in hours worked, that isn't necessarily  disastrous. It may be, but it can also be mitigated - for instance, if fewer hours worked yield the same or higher income. This isn't as radical as it sounds; it could, for example, be viewed as value-based pricing of results as opposed to input.   That said, in practice I think significant job loss due to technology *would* be handled poorly and thus very messy (at least at first).   However, I don't think that the shift in job markets will be as sudden or severe as many claim it will be - I think that's a bit of sensationalist fear-mongering based more on predictions than evidence."


"I am talking about what ""ought to be"" in a legal sense here. Target is in the position with better information. When talking about negligence, it goes hand-in-hand. It's not just about whether you knew or not, but whether you ought to have known."


Do you simply get call options you can sell on an options exchange? No, you don't get call options that you can sell on an options exchange. Rather, you get rights that you can (generally) sell on the stock exchange. The right issue is in essence a call option – in that it behaves like one, but it is not considered a standardized option contract. is there a special exchange where such rights issues are traded? No. It will normally be done on the stock exchange.


"What's the value of the scholarship, and is it administered by itself or by the university?  If by itself, the financial return discussed above drives.  If by the university, they create the tuition, so it gets more interesting.   If this is something that is administered and backstopped by the university, then keep in mind that while it may be named the ""John Doe Memorial Scholarship"" with $30000 in it's account under the endowment, the university overall is likely to cut some number of students' tuition in financial aid packages anyway.  Let's say they substitute a generic tuition adjustment in past years with this happens-to-be-named ""John Doe Memorial Scholarship"" moving forward: the university can do this as long as they are not constrained in pricing power by laws and financial aid customs.  There's the finance answer, and there's the fact that a university can create a ""coupon"" indefinitely (Similar in concept to the price discrimination where Proctor and Gamble can launch a new flavor of Tide at a high price to maintain the market position, and flood marketing channels with coupons) Also the university might find it to be an inexpensive benefit to the faculty to create a ceremony around a valued, deceased professor; collecting funds from other professors or staff to partially pay for it at finance price or even a slight loss."


"It's not quite as bad as the comments indicate. Form 1040ES has been available since January (and IME has been similarly for all past years). It mostly uses the prior year (currently 2016) as the basis, but it does have the updated (2017) figures for items that are automatically adjusted for inflation: bracket points (and thus filing threshhold), standard deductions, Social Security cap, and maybe another one or two I missed.  The forms making up the actual return cannot be prepared very far in advance because, as commented, Congress frequently makes changes to tax law well after the year begins, and in some cases right up to Dec. 31. The IRS must start preparing forms and pubs -- and equally important, setting the specifications for software providers like Intuit (TurboTax) and H&RBlock -- several months ahead in order to not seriously delay filing season, and with it refunds, which nearly everyone in the country considers (at least publicly) to be worse than World War Three and the destruction of the Earth by rogue asteroids. I have 1040 series from the last 4 years still on my computer, and the download dates mostly range from late September to mid January. Although one outlier shows the range of possibility: 2013 form 1040 and Schedule A were tweaked in April 2014 because Congress passed a law allowing charitable contributions for Typhoon Haiyan to be deducted in the prior year. Substantive, but relatively minor, changes happen every year, including many that keep recurring like the special (pre-AGI) teacher supplies deduction (""will they or won't they?""), section 179 expensing (changes slightly almost every year), and formerly the IRA-direct-to-charity option (finally made permanent last year).  As commented, the current Congress and President were elected on a platform with tax reform as an important element, and they are talking even more intensely than before about doing it, although whether they will actually do anything this year is still uncertain. However, if major reform is done it will almost certainly apply to future years only, and likely only start after a lag of some months to a year. They know it causes chaos for businesses and households alike to upend without advance warning the assumptions built in to current budgets and plans -- and IME as a political matter something that is enacted now and effective fairly soon but not now is just as good (but I think that part is offtopic)."


I followed Economics by Michael Parkin for my college level course. It does not involve very complicated mathematics (beyond simple arithmetic and interpreting plots/charts). I found it very enjoyable.  Stocks, bonds, and other money market instruments are not covered under this subject usually. They are covered under finance. I normally recommend Hull to people but because you are not interested in mathematics I would recommend Stuart R Veale.


"Technically, this doesn't seem like a scam, but I don't think the system is beneficial.  They use a lot of half-truths to convince you that their product is right for you. Some of the arguments presented and my thoughts. Don't buy term and invest the rest because you can't predict how much you'll earn from the ""rest""   Also Don't invest in a 401k because you can't predict how much you'll earn They are correct that you won't know exactly how much you'll have due to stock market, but that doesn't mean the stock market is a bad place to put your money.  Investing in a 401k is risky because of the harsh 401k withdrawal rules  Yes, 401ks have withdrawal rules (can't typically start before 59.5, must start by 70.5) but those rules don't hamper my investing style in any way.    Most Term Life Insurance policies don't pay out  They are correct again, but their conclusions are wrong. Yes, most people don't die while you have a term insurance policy which is why Term life insurance is relatively cheap.   But they aren't arguing you don't need insurance, just that you need their insurance which is ""better"" You need the Guaranteed growth they offer  The chart used to illustrate their guaranteed growth includes non-guaranteed dividends.   They invest $10,000 per year for 36 years and end up with $1,000,000.   That's a 5% return!  I use 10% for my estimate of stock market performance, but let's say it's only 8%.   The same $10,000 per year results in over $2 Million dollars.  Using 10.5% (average return of the S&P 500 over it's lifetime) the result is a staggering $3.7 MILLION.   So if I'm looking at $3.7M vs. $1M, It costs me $2.7 Million dollars to give me the same coverage as my term life policy. That's one expensive Term Life Insurance policy. My personal favorite: Blindly following the advice of Wall Street and financial “gurus” such as Dave Ramsey and Suze Orman got you where you are. Are you happy with the state of your finances? Do you still believe their fairytale, “Buy Term (insurance) and Invest the Difference”?  Yes, I sure do believe that fairytale and I'm prospering quite well thank you. :) While I don't think this is a scam, it's outrageously expensive and not a good financial choice."


"It's very hard to measure the worth of an abstract concept like money, particularly over long periods of time. In the modern era we have things like the Consumer Price Index (CPI) in the United States, where the Bureau of Labor Statistics literally sends ""shoppers"" out to find prices of things and surveys people to find out what they buy. This results in a variety of ""indexes"" which variously get reported by media outlets as ""inflation"" (or ""deflation"" if the change in value goes the other way). There are also other measurements available like the MIT Billion Prices Project which attempt to make their own reading of the ""worth"" of currencies. Those kinds of things are about the only ways to measure a currency's change in ""value to itself"" because a currency is basically only worth what one can buy with it. While it isn't ""all the world's currencies combined"", there is a concept of the International Monetary Fund's ""Special Drawing Rights (SDR)"", which is a basket of five currencies used by world central banks to help ""back"" each other's currencies, and is (very) occasionally used as a unit of currency for international contracts. One might be able to compare the price of one currency to that of the SDR, or even to any other weighted average of world currencies that one wanted, but I don't think it's done nearly as often as comparing currencies to the basket of goods one can buy to find ""inflation"". Even though one might think what would be important to measure would be overall Money Supply Inflation, much more often people care more about measuring Price Inflation. (Occasionally people worry about Wage Inflation, but generally that's considered a result of high Price Inflation.) In order to try to keep this on topic as a ""personal finance"" thing rather than an ""economics"" thing, I guess the question is: Why do you want to know? If you have some assets in a particular currency, you probably care most about what you'll be able to buy with them in the future when you want or need to spend them. In that sense, it's inflation that you're likely caring about the most. If you're trying to figure out which currency to keep your assets in, it largely depends on what currency your future expenses are likely to be in, though I can imagine that one might want to move out of a particular currency if there's a lot of political instability that you're expecting to lead to high inflation in a currency for a time."


This is 100% accurate.  Most mega funds are successful for many reasons including value and growth.  The real reason that fund in particular crushes it has a lot to do with it's DRIP and the fact that the fund has a large influence on the market itself.


There are a few things that this question prompts -


"In no particular order:  - Plumbers are not the kind of trade where advertising to end-customers is very effective. People don't generally write down phone numbers and keep track of them on the basis that ""I'll probably need a plumber some day, and I might never have any way to way to learn their phone number unless I write this down right now.""  - References through other tradesmen are worth 10x as much as references through end-customers. Get a network of electricians and carpenters and HVAC guys referring to you, and vice-versa.   - Especially in the early stages, do whatever it takes to make it right with every customer. A lot of tradesmen offer sloppy low-ball estimates to get the business, and then get stuck explaining why the bill is 3x higher. Nobody is ever going to give you a positive review or referral in that situation.   - Forget about your hourly rate and focus on building the business, even if it means losing money on some jobs. Employees get paid by the hour, owners get paid based on satisfied customers. You will make some mistakes in the beginning. Plan to eat them. Eventually, you will make less mistakes, and will learn to price variability into the job.   - Don't work with impossible customers, but do whatever it takes to keep lucrative customers happy. A lot of tradesmen get this completely wrong. 20% of your customers will produce 80% of your profits, usually. Do whatever it takes to keep them happy, and avoid the customers who want 80% of your business but who produce 0% profit.   - Don't be a dick. Give good customers clear and fair estimates, and tell them where and how you are charging a markup. Don't pick a fight if the guy up the road is charging less, and don't give the customer shit for not knowing how to compare quotes. Show them the meaningful difference in your estimate, explain to them why it's not worth your time to match lowball quotes for junk work, and let them make the decision.   - Do every job right. This is something that pays off in the long-run, exponentially. If you can't do it right, don't take it. Make sure that everyone who has ever done business with you comes out happy and satisfied that you were the best option available.   - Having the lowest price might get you the most business in the first couple of years, but doing the best work will earn you the most profits and will help build a multi-million-dollar business in the decades to come."


Coincidentally, I am a libertarian who believes that basic education and preventative medicine should be the only items that can be provided by the government and should be free for all so you will not hear arguments from me on those two.  All the rest, we can take up on /r/politics   :)


He's made a profit on gold the same way you make money on any commodity, because demand (largely as an inflation hedge) has outpaced supply. It has nothing to do with using gold as a currency (which no one is doing.)  I'm not saying gold can't have value as money, but that's not where we're at right now. Dollars are accepted to settle transactions all over the world, and inflation is negligible. A lot of speculators buying gold that sits in vaults is not the same thing as a return to specie based currency.


"Their is no arbitrage opportunity with ""buying dividends."" You're buying a taxable event. This is a largely misunderstood topic. The stock always drops by the amount if the dividend on the ex date. The stock opens that day trading ""ex"" (excluding) the dividend. It then pays out later based in the shareholders on record.  There is a lot of talk about price movement and value here. That can happen but it's from trading not from the dividend per se. Yes sometimes you do see a stock pop the day prior to ex date because people are buying the stock for the dividend but the trading aspect of a stock is determined by supply and demand from people trading the stock.  The dividends are paid out from the owners equity section of the balance sheet. This is a return of equity to shareholders. The idea is to give owners of the company some of their investment back (from when they bought the stock) without having the owners sell the shares of the company. After all if it's a good company you want to keep holding it so it will appreciate.  Another similar way to think of it is like a bonds interest payment.  People sometimes forget when trading that these are actual companies meant to be invested in. Your buying an ownership in the company with your cash.  It really makes no difference to buy the dividend or not, all other things constant. Though market activity can add or lose value from trading as normal."


Also look not only into these sand companies, but the railroad companies offering logistics services for them.  In general, the Minnesota/Wisconsin mines have massive traffic and its putting a strain on the distribution, so it creates opportunities for some.  The shipping (often a service provided by these sand companies) can comprise over half the price of the sand.


"This is (almost) a question in financial engineering. First I will note that a discussion of ""the greeks"" is well presented at https://en.wikipedia.org/wiki/Greeks_(finance) These measures are first, second and higher order derivatives (or rate of change comparisons) for information that is generally instantaneous. (Bear with me.) For example the most popular, Delta, compares prices of an option or other derived asset to the underlying asset price. The reason we are able to do all this cool analysis is because the the value of the underlying and derived assets have a direct, instantaneous relationship on each other. Because beta is calculated over a large period of time, and because each time slice covered contributes equally to the aggregate, then the ""difference in Beta"" would really just be showing two pieces of information: Summarizing those two pieces of information into ""delta beta"" would not be useful to me. For further discussion, please see http://www.gummy-stuff.org/beta.htm specifically look at the huge difference in calculation of GE's beta using end-of-month returns versus calculation using day-before-end-of-month returns."


"Even without the $2 fee, I'm jumping ship and switching to Virgin Mobile. Here's my breakdown:  Verizon 400 minutes + 100 texts (IIRC), no data, $45 before fees  Virgin 300 minutes + unlimited 3G data & text: $35 with purchase of $200+ smartphone. (and virgin uses Sprint for 3G)  I'll be informing Verizon that their separate fee hike of $0.15 which, to my knowledge, is still in the works, is what's known legally as a ""material averse effect"" and allows me to opt out of the contract without paying a cancellation fee."


Previously, AirBnBs counted as hotels, which meant that you had to get a hotel license and other stuff that was too onerous for one guy with an apartment to bother with.  So it's not that they specifically banned AirBnB, it's just that the previous law regulated big hotels and small hotels the same way.  IIRC, AirBnB has run into similar legal issues in the states.


"**Liability insurance**  Liability insurance is a part of the general insurance system of risk financing to protect the purchaser (the ""insured"") from the risks of liabilities imposed by lawsuits and similar claims. It protects the insured in the event he or she is sued for claims that come within the coverage of the insurance policy. Originally, individual companies that faced a common peril formed a group and created a self-help fund out of which to pay compensation should any member incur loss (in other words, a mutual insurance arrangement). The modern system relies on dedicated carriers, usually for-profit, to offer protection against specified perils in consideration of a premium.  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/business/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot)   ^] ^Downvote ^to ^remove ^| ^v0.27"


FNBC Florida is the largest and most independent website of purchase and transfer of companies in Florida. Do you want to sell your business or buy a business? In FNBC Florida you will find a current list of companies for sale, as well as purchase requisitions for the same. Similarly, if you are looking for sell a business in florida in companies or mergers, you are on the right website. In many cases businesses or companies belonging to individual entrepreneurs end their life when the entrepreneur retires, because there are no heirs or those who exist are not interested in their continuity or cannot, for any reason, take over the same.


I'm starting to agree with you more, but every instinct in my body is telling me that giving Washington another blank check is a really bad idea. In my minds eye I can see senators lining up with pet pork projects for their home states and it makes me physically sick to my stomach


"Legally speaking, when you convert that bit-coin onto something else, the Israeli Tax Authority will look into the value of that something else, compare it to the original value of the previous something else you used to buy bit-coins (USD, in your example), and charge you capital gain taxes for the difference. According to the Israeli law you're supposed to pay taxes when selling (converting the bit-coin to something else), and since you're not using any formal bank or stock broker which will automatically deduct the taxes, you have to pay the taxes yourself. By not doing so you're committing a tax fraud. The real question you're asking is whether they'll come after you. Well, that depends on the amounts. They might. Pay attention: there's no statute of limitation for tax fraud in Israel. They may come after you in 50 years from now. Another thing to keep in mind: if you used bit-coins to buy something (services or products of any kind), you probably didn't pay the VAT (מע""מ) - which is another case of tax fraud on your behalf. PS: I'm not a lawyer or accountant, so get a professional advice, but I have been dealing with the Tax Authority in Israel, so I've got a pretty good idea of what the rules are."