Mervis Diamond is voted as Best place to buy a Diamond.  They offers a 100% lifetime trade up policy on all loose diamonds. Because Mervis is true diamond importer they feature a massive selection of diamonds often at prices far below retail. As a third generation family business Mervis Diamond Importers conducts business the old fashioned way with honesty and integrity.


Intellectually and logically, it shouldn't bother me for a second to charge something for a buck.  It's a losing proposition for the merchant, but their immediate business costs should be of little concern to me.  (They're making a choice to sell that item to me at that price and by accepting that means of payment, right?)  but the more I charge as opposed to paying cash, the more cash back I get. In my old-ish age, I've gotten a little softer and will pay cash more often for smaller amounts because I understand the business costs, but it's not a matter of caring what other people think. Accepting credit cards, or not, is a business decision.  It's usually a good one.  But with that decision come the rules, which up until about a year ago, meant that merchants couldn't set a minimum charge amount.  Now that's not the case; merchant account providers can no longer demand that their merchant clients accept all charges, though they are allowed to set a minimum amount that is no lower than $10.00. In the end, it's a matter of how much you're willing to pay in order to influence people's thinking of you, because the business/financial benefits of doing one or the other are pretty clear.


"Your scenario depicts 2 ""in the money"" options, not ""at the money"". The former is when the share price is higher than the option strike, the second is when share price is right at strike. I agree this is a highly unlikely scenario, because everyone pricing options knows what everyone else in that stock is doing. Much about an option has everything to do with the remaining time to expiration. Depending on how much more the buyer believes the stock will go up before hitting the expiration date, that could make a big difference in which option they would buy. I agree with the others that if you're seeing this as ""real world"" then there must be something going on behind the scenes that someone else knows and you don't. I would tread with caution in such a situation and do my homework before making any move.   The other big factor that makes your question harder to answer more concisely is that you didn't tell us what the expiration dates on the options are. This makes a difference in how you evaluate them. We could probably be much more helpful to you if you could give us that information."


They previously had a 42-year-old guy as CFO so evidently they think this '29 years old kiddo' could do this job. It's mostly cost cutting anyway. Since the deal closed in 2015 KraftHeinz has eliminated 10,000 jobs or 25% of its workforce. older workers were the ones who were more affected.   3G also promoted a 33-year-old 'kiddo' to become CEO of Burger King three years ago.  Promotion based nepotism may be more common in family owned companies like News Corp (which doesn't have to care too much what minority shareholders say). But 3G is a private equity and their sole job is to maximize IRR. If the KraftHeinz investment is going badly Im sure the LPs will force 3G to replace the management.


It really depends on the amount of money - I currently have to pay my mortgage in the UK from the US until my house there is sold and my wife sends money from her (US) Paypal account to my UK Paypal account. As personal payments these don't attract the sort of fees you see for ebay payments et al. Compared to the fee-o-rama that a wire transfer turns into (I tried once from BofA to HSBC UK), it is noticeably cheaper for the amount of money we're sending. That said, a lot of the currency transfer services have support for monthly payments and you might get a decent exchange rate and fewer (or no) fees that way.


"Without knowing the details of your financial situation, I can only offer general advice.  It might be worth having a financial counselor look at your finances and offer some custom advice.  You might be able to find someone that will do this for free by asking at your local church. I would advise you not to try to get another loan, and certainly not to start charging things to a credit card.  You are correct when you called it a ""nightmare.""  You are currently struggling with your finances, and getting further into debt will not help.  It would only be a very short-term fix and have long-lasting consequences.   What you need to do is look at the income that you have and prioritize your spending.  For example, your list of basic needs includes: If you have other things that you are spending money on, such as medical debt or other old debt that you are trying to pay off, those are not as important as funding your basic needs above. If there is anything you can do to reduce the cost of the basic needs, do it.  For example, finding a cheaper place to live or a place closer to your job might save you money.  Perhaps accepting nutrition assistance from a local food bank or the Salvation Army is an option for you. Now, about your car: Your transportation to your job is very much one of your basic needs, as it will enable you to pay for your other needs.  If you can use public transportation until you can get a working car again, or you can find someone that will give you a ride, that will solve this problem.  If not, you'll need to get a working car. You definitely don't want to take out another loan for a car, as you are already having trouble paying the first loan.  I'm guessing that it will be less expensive to get the engine repaired than it will be to buy a new car at this point.  But that is just a guess.  You'll need to find out how much it will cost to fix the car, and see if you can swing it by perhaps eliminating expenses that aren't necessary, even for a short time.  For example, if you are paying installments on medical debt, you might have to skip a payment to fix your car.  It's not ideal, but if you are short on cash, it is a better option than losing your job or taking out even more debt for your car. Alternatively, buying another, functional car, if it costs less than fixing your current car, is an option.  If you don't have the money to pay your current car loan payments, you'll lose your current car. Just to be clear, many of these options will mess up your credit score.  However, borrowing more, in an attempt to save your credit score, will probably only put off the inevitable, as it will make paying everything off that much harder.  If you don't have enough income to pay your debts, you might be better off to just take the credit score ding, get back on your feet, and then work to eliminate the debt once you've got your basic needs covered. Sorry to hear about your situation.  Again, this advice is just general, and might not all apply to your financial details.  I recommend talking to the pastor of a local church and see if they have someone that can sit down with you and discuss your options."


You don't say what the time remaining on the current mortgage is, nor the expense of the refi.  There are a number of traps when doing the math. Say you have 10 years left on a 6% mortgage, $200K balance. I offer you a 4% 30 year. No cost at all. A good-intentioned person would do some math as follows: Please look at this carefully. 6% vs 4%. But you're out of pocket far more on the 4% loan. ?? Which is better? The problem is that the comparison isn't apples to apples. What did I do? I took the remaining term and new rate. You see, so long as there are no prepayment penalties, this is the math to calculate the savings. Here, about $195/mo. That $195/mo is how you judge if the cost is worth it or the break-even time. $2000? Well, 10 months, then you are ahead.  If you disclose the time remaining, I am happy to edit the answer to reflect your numbers, I'm just sharing the correct process for analysis.  Disclosure - I recently did my last (?) refi to a 15yr fixed 3.5%. The bank let the HELOC stay. It's 2.5%, and rarely used.


Aside from the fact that probably nobody is ever going to come and ask for that proof unless your amounts get five digits (or you're unlucky), if you never before reimbursed yourself, your old tax declarations would clearly show that. You can't prove a negative, so the only potential is that you had reimbursements before, and an audit might ask you to prove that the new ones are not duplicates of those. In this case, if you have other receipts / proof for all those other reimbursements, they are obviously not duplicates.


Technically, it's only when you need to pass money through. However consider that the length the account has been open builds history with the financial institution, so I'd open ASAP. Longer history with the bank can help with getting approved for things like business credit lines, business cards, and other perks, though if you're not making money with that business, seek out a bank that does not charge money to have a business account open with them.


If the company's ownership is structured similarly to a typical start-up then an 1% employee ownership in a company which sells for 1 million will yield far less than 10k due to various liquidation preferences of the investors, different share classes, etc.  It's pretty hard to get a specific number because it depends a lot on the details of earlier fundraising and stock grants.    That said, unless the company is circling the drain and the sale was just to avoid BK, the share price you get should be higher unless the share class structure and acquisition deal are completely unfair.


You could of course request payment in EUR or USD, maybe keep a PayPal account and just leave the funds in PayPal unless you need to withdraw the money in local currency? Either currency would be fine because the problem you are trying to overcome is the instability in the ruble. EUR and USD both accomplish that. If you can get local clients to pay in EUR or USD (again, PayPal seems like an easy way to accomplish that) you avoid the ruble, but at the risk that your services become more expensive to local clients because they have to convert a weaker currency to a stronger one. You should also solicit some international clients! You are obviously perfectly fluent in English and that's a significant advantage. And they'll be happy to pay in dollars and euros.


This depends on a combination of factors: What are you charged (call it margin interest) to hold the position? How does this reduce your buying power and what are the opportunity costs? What are the transaction costs alternative ways to close the position? What are your risks (exposure while legging out) for alternative ways to close? Finally, where is the asset closing relative to the strike? Generally, If asset price is below the put strike then the call expires worthless and you need to exercise the put. If asset is above the call strike then put expires worthless and you'll likely get assigned.  Given this framework:  If margin interest is eating up your profit faster than you're earning theta (a convenient way to represent the time value) then you have some urgency and you need to exit that position before expiry. I would not exit the stock until the call is covered. Keep minimal risk at all times. If you are limited by the position's impact on your buying power and probable value of available opportunities is greater than the time decay you're earning then once again, you have some urgency about closing instead of unwinding at expiry. Same as above. Cover that call, before you ditch your hedge in the long stock. Playing the tradeoff game of expiration/exercise cost against open market transactions is tough. You need sub-penny commissions on stock (and I would say a lot of leverage) and most importantly you need options charges much lower than IB to make that kind of trading work. IB is the cheapest in the retail brokerage game, but those commissions aren't even close to what the traders are getting who are more than likely on the other side of your options trades.


I agree with you but I will say that $25,000 would be an adequate down payment on a new home in many parts of the country so while it's not the equivalent of a mortgage it still delays home buying for graduates which is evident in the housing market weakness.


That was precisely my point. 99% of the people who ignore their parents' advice are just learning the hard way. 1% are not just smarter than their parents, but so much smarter that their parents' life-lessons are inapplicable. (unfortunately, the 99% tend to think they are part of the 1%, and the 1% tend to take their parent's advice).


There are certain standards that modern checks need to meet. These aren't required by law, but banks today generally insist on them. If you are able to meet these standards and print your own checks at home, you are allowed to do so. One way this is commonly done is with purchased check blanks and check printing software. Office supply stores sell check blanks that fit into standard computer printers. This check paper includes the necessary security features of checks, and using the check printing software, you can print your personal information, including your name & address, your bank's name and address, and your account numbers. The account numbers on the bottom of the checks are called the MICR code, which stands for Magnetic Ink Character Recognition. Normally, these numbers were printed with special magnetic ink, which was used in automated check reading machines. Checks that you purchase from your bank still use magnetic ink; however, modern check readers are optical, and don't require magnetic ink. So you should be able to print checks with your printer using standard ink/toner, and not have a problem. Without purpose-specific check printing software, you could still buy blank check paper from the store, and with a little trial-and-error you could print using Excel.  The biggest challenge with doing this would be printing the MICR code: you would probably need to install an MICR font on your computer and play around with the size and location until you get it where you want it.  Doing a little Googling, I see that there are some check printing Excel templates out there, but I haven't tried any of these, and it is unclear to me whether they actually print the MICR, or whether they assume that you have blank checks with the MICR account number and check numbers already printed. Without purchasing blank check paper, you won't have any of the security features, such as microprinting, watermarks, erasure protection, anti-photocopying background, etc.  As you mentioned, if you are depositing checks via mobile phone app, as some banks now allow, none of these security features are doing any good.  The problem, however, is that you are not writing checks for yourself; you are writing checks to other people, and you have no way of knowing whether or not their banks are going to give them trouble with your checks.  There is enough check fraud out there that lots of bank tellers are very cautious.  I recommend sticking with check paper that has the security features because, if nothing else, it will make your check look more like a real check.


In order to short a stock, you have to borrow the number of shares that you're shorting from someone else who holds the shares, so that you can deliver the shares you're shorting if it becomes necessary to do so (usually; there's also naked short selling, where you don't have to do this, but it's banned in a number of jurisdictions including the US). If a stock has poor liquidity, or is in high demand for shorting, then it may well be impossible to find anyone from whom it can be borrowed, which is what has happened in this instance.


This idea does not make sense for most mutual funds. The net asset value, or NAV, is the current market value of a fund's holdings, minus the fund's liabilities, that is usually expressed as a per-share amount. For most funds, the NAV is determined daily, after the close of trading on some specified financial exchange, but some funds update their NAV multiple times during the trading day. http://en.wikipedia.org/wiki/Mutual_fund I am not certain, but I believe that OppenheimerFunds does not report intraday prices.  I would call them up and ask.


Stocks in the Weimar hyperinflation are discussed in When Money Dies. I don't own a copy of the book but here is a link to a blog post about it. Speculation on the stock exchange has spread to all ranks of the   population and shares rise like air balloons to limitless heights Basically, the stock market did very well (i.e. the US dollar value of stocks increased quite a lot. Of course, the price of everything increased if measured in marks.) Quote from the article: Bottom line: In marks, stocks had an amazing run. Even in USD they had   a nice runup. It makes sense that the stock market would skyrocket because (a) if  money has no value, then people will want to replace money with tangible things like goods, and since a stock represents a share in the factories and things which a company owns, it makes sense that you would want them and (b) if money has no value anyway, why not gamble with it? I would be interested to hear what happened in other hyperinflations.


"Comission is a must when doing sales. That is the best (and only good) incentive to sell more. How much you want to give all depends on margins, the salary level that is accepted in your state/country and what sellers you have (young or old).  Salary costs at 30 - 35% of total order value is normal including salary tax and all tax oriented costs around that employee.   There are 2 ways of doing it. Only high commission and fixed salary + lower commission. Even if you use fixed salary + commission you can have ""restrictions"" so they have to sell above a certain level to get that commission. That means that you don't take any risks.   An example of a salary model that I found was popular. (The numbers are just made up according to what is normal to have in Sweden). It's a step-model. If you sell for:  Step 1: 0 - $3000 you get high commission 20% of everything you sell  Step 2: $3000 - $4000 you get fixed salary of $1000 + 10% commission  Step 3: $4000 - $6000 you get fixed salary of $1700 + 15% commission  And so on.  Your weakest points are when going to a higher step. You have to change the steps so it works with your salary statistics so you have most people under a step to motivate them to go to the next instead of having them exactly above one step. As you can see, with a step model, you just put a disquise on the commission model but make it more attractive. What the seller think is that they have a fixed salary. If a seller is happy, he/she is selling a lot.    I have also had a criteria saying that if you can keep youself at 1 step for more than 3 months you will start there each month. Then it's up to the team leader to warn if that seller IS good or just LUCKY."


I think his conclusions apply only to sole proprietorships that provide cheap, commoditized services.  My story is a little different.  I've been a sole proprietor, writing software and providing services related to that software, for 15 years.  Over that time, I closed two IP sales to large competitors.  One of those was an 8-figure deal.  I never provided commodity services, saved as much of my consulting income as possible, toughed out the fallow periods, invested years of unpaid time inventing new ideas and writing new software, treated my customers very well, and always negotiated hard for value.


This subreddit has become pathetic. There are currently three comments in this thread (excluding this one). The two that are factually correct are both down voted to a score below zero, while an ignorant comment has 5 up votes. If we want to turn this into a ignorant circle jerk where we all sit around calling banks evil then I suggest we move it to another subreddit.   This article is pathetic. The writer thinks that JPM has a balance sheet that is over 4x the size of the US economy. Here is a newsflash: there is no conspiracy they with the banking sector. Banks want to make money, just like every other business. That doesn't mean that they have the government in their pocket.


"Of course, but how do I ensure that my factory workers aren't stoned on the job? I drug test. This then removes some of my liability for accidents. ""He drug tested fine, the rules say no drugs, he injured himself due to his negligence, not mine, why should I pay for his bad drug-induced forklift handling skills that ran himself over?"""


Again, dude, with this projecting shit. Now you're creating me in your mind as some country bumpkin redneck that also shops at hot topic? Is that the kind of person you usually get your ass handed to you by? I am honestly worried about you. You're probably, what, mid 30s? Shitty job, failed restaurant, meaningless MBA. You need to find a way to not be a failure eventually.


This is the interesting elephant in the room for the Ali IPO. A large component of Ali's revenue is derived from providing customers with access to manufacturers - these manufacturers derive their revenue from selling counterfeit products, internationally.   To allow Ali to go public, effectively legitimises their business activities and leaves you with an organisation that could be comparable to piratebay but for physicals that is considered far more official/legit (read: dangerous)..   Still, it doesn't seem to troubling for America's banking industry and thus - I'll be picking up a fair share of stock when this does happen (probably just for the short-term though, hey).


The volume required to significantly move the price of a security depends completely on the orderbook for that particular security. There are a variety of different reasons and time periods that a security can be halted, this will depend a bit on which exchange you're dealing with. This link might help with the halt aspect of your question: https://en.wikipedia.org/wiki/Trading_halt


"But, wait! There's more!     [Exhibit A](http://www.reddit.com/r/dogecoin/comments/1z8khe/i_am_a_film_producer_looking_to_fund_an_indie/) >I am a film producer looking to fund an indie grand slam with doge, any takers?  >Yes, I was a student at the very prestigious fsu school of film where thousands apply and 30 get in. I've worked on over 15 shorts and was asked to co-produce this with an agent who was a classmate of mine. This is the real deal. We have a trailer but will not show it unless we know your what we call a ""qualified"" investor. This means you can afford to invest in the film and you're not mortgaging your house to do it.     [Exhibit B](http://www.reddit.com/r/finance/comments/21voeu/looking_for_bond_tradersbroker_in_south_fl_with/) >We are a broker/dealer in south FL looking for traders/brokers of debt securities (preferably muni's) Email resumes to: Tyagman@gmail.com  >Because I'm not giving out my firms email unless I get a legit resume you prick. We've been around for 20 yrs. and claiming your a market marker in your user name just makes you more of a prick; prick.     [Exhibit C](https://gust.com/companies/oddlotbonds) > We are a bond trading broker/dealer located in Aventura, FL. Our ability to specialize in the niche sector we do business in has allowed us to produce very agressive returns annually for over 15 years. We are looking to expand and make this a mid-sized firm and restructure into a fund. We currently do business with high net worth individuals and all top 20 investment banks, retail brokerage firms and liquidity houses.     [Exhibit D](http://www.reddit.com/r/finance/comments/2eh4sw/i_work_at_a_boutique_bd/) >I'm a risk on us debt trader but because I also went to a top film school they want me to get creative and come up with a few ideas of how they can be more innovative and spread they're tentacles.     **--- UBS Comment Due Diligence Quant**"


"It is a binary options market licensed by the ""gaming authority"" of Malta. One of the most liberal ""pay to play"" jurisdictions in the European Union. It sells access to tighter regulatory regimes. This is distinctly a gambling website, not licensed or protected by securities regulations. But that aside, even if they were able to masquerade more as a financial service, none of that dictates whether you will lose your money. Therefore try to find reviews from people that already use the site. This is not investing, a distinction I am able to make because no product they offer has positive expected value. Cash settled binary options do sound like a lot of fun though! And maybe you can make successful predictions in the allotted time period of the option. The things I would expect are issues withdrawing your funds, or unexplained fees."


There are banks that will do 5-year fixed. Alternatively, if you pay off a 15-year mortgage as if it were a five-year fixed, with the extra money going to pay down principal, the cost isn't very different and you have more safety buffer. Talk to banks about options, or find a mortgage broker who'd be willing to research this for you. Just to point out an alternative: refinancing at lower rate but without shortening the duration would lower your payments; investing the difference, even quite conservatively, is likely to produce more income than the loan would be costing you at today's rates. This is arguably the safest leveraged investment you'll ever have the opportunity to make. (I compromised: I cut my term from 20 years to 15ish, lowered the interest rate to 3.5ish, and am continuing to let the loaned money sit in my investments and grow.)


Few months of loose fiscal policy? It has actually been 4 years and we are on QE3. The FED have been and still are increasing the money supply. (Which is textbook monetary policy during a recession). However, when there is more of something, it is worth less. Inflation and a weaker dollar are coming no matter who is president. That is his only argument.


"Use the budget to drive down spending so you can save (for retirement, for college, for expenses) and so you can pay off your mortgage early.  Some, (Dave Ramsey, for example) advocate for an ""Envelope system""...  If your budget says 100 a month for restaurants, then at the beginning of the month, you put 100 into that envelope.  Once you've spent that much on restaurants that month, you're done for the month.  On the other hand, if you don't spend the 100, then you have two choices:  either you can adjust the budget downward and put the money somewhere else (like your Mortgage) or you can build up cash in that account so you can afford a really expensive restaurant in a few months."


> Price range compared to the Model 3?  Benz: Starting at: $39,900*MSRP   vs   Tesla: while starting at only $35,000 before incentives.     > gigafactorywise  Not sure on what Benz is planning. I haven't looked at how they plan on handling the manufacturing side in any detail.  > The bigger question is when they will realize that they can't maintain just selling cars to the end user.  No one has a firm handle on that yet. Its all vapor still. Anyone that claims otherwise is bullshitting you. There are a LOT of complications yet unanswered.


"This is all well and good, but sometimes you just run into an intractable manager.  There are plenty of managers out there who are both cheap and are generally resistant to budging on negotiations.  In those cases, your ""4th best negotiation tip"" is to have a best alternative to the job in your pocket."


It does raise a valid point : being a doctor is a mater of studying , and can be done by anyone wiling to put in the effort , much like any profession or craft.  And there are many medschools globally that take in people who weren't qualified enough to study medicine in their own country, yet after graduation from said medschools they go back to work in their home country like any other doctor who studied there . so really , since being a doctor is a matter of learning and experience , rather than innate talent , are doctors overpaid ?


Here's my approach: As for Google Docs, I think that its safe enough for most people. If you in a profession that was subject to heavy regulatory scrutiny, of if you are cheating on your taxes, I would probably not use a cloud provider. Many providers will provide documents to government agencies without a subpoena or notice to you.


in this world i dont know why people believe everything they read and take statistics like if GOD himself wrote them through time we have been lying constantly about many things just to benefit a few


The problem with robots is that you have to pay for all of their capabilities upfront and if you want new capabilities then you have to upgrade them with another load of capital. With humans you can get an entry model and pay in installments. Capabilities are insanely flexible and upgradeable through education and training.


"The Investment Management Certificate (IMC) is the base level certification for Asset Management. Should be relatively easy to pass and might get you a leg up on other candidates.  Something that demonstrates competence in VBA would also be beneficial.  However if you want to get ahead in the City, I would suggest you focus on human psychology rather than qualifications. A book such as ""How to Win Friends and Influence People"" is going to be more beneficial than another piece of paper."


Back to kids at school, I absolutely am willing to accept reality that some will never be anything but a waste of resources and a negative to society.  Let them drop out or kick them out as soon as their behavior shows a pattern that harms other student's ability to learn.


For your girlfriend (congrats to you both on the coming new baby!), full-time mothers often become work-at-home moms using skills that they may have utilized in the outside-the-home workforce before they made the decision to stay home.   Etsy can be a place where some do this, but there are many articles out there pointing out that it also doesn't work for many people.  I tried to earn some side money there and didn't make a dime.  For those with a niche product, though, it can really work. A book on working at home as a mother (from a Christian perspective with specifically religious overtones, so not the right book for someone who would not appreciate that aspect) is Hired @ Home.  There are secular resources, such as the website Work From Home.  From everything I've ever heard in researching the topic of becoming a WAHM (work at home mother), it's a challenging but rewarding lifestyle.  Note that according to one WAHM I know, only contract work is reliable enough to be depended on for family obligations (this is true of any part time work).  Freelancing will have so many ups and downs that you can't bank on it to, say, pay the mortgage unless you really get going. Ramit Sethi of I Will Teach You To Be Rich focuses a lot on Earning More Money with ideas that might benefit both of you.  His angle is that of working on top of an existing job, so it may specifically help you think of how to take your programming skills (or a hobby you have besides programming) and translate them into a career.


Since you seem determined to consider this, I'd like to break down for you why I believe it is an incredibly risky proposition: 1) In general, picking individual stocks is risky. Individual stocks are by their nature not diversified assets, and a single company-wide calamity (a la Volkswagen emissions, etc.) can create huge distress to your investments. The way to mitigate this risk is of course to diversify (invest in other types of assets, such as other stocks, index funds, bonds, etc.). However, you must accept that this first step does have risks.  2) Picking stocks on the basis of financial information (called 'fundamental analysis') requires a very large amount of research and time dedication. It is one of the two main schools of thought in equity investing (as opposed to 'technical analysis', which pulls information directly from stock markets, such as price volatility). This is something that professional investors do for a living - and that means that they have an edge you do not have, unless you dedicate similar resources to this task. That information imbalance between you and professional traders creates additional risk where you make determinations 'against the grain'.  3) Any specific piece of public information (and this is public information, regardless of how esoteric it is) may be considered to be already 'factored into' public stock prices. I am a believer in market efficiency first and foremost. That means I believe that anything publically known related to a corporation ['OPEC just lowered their oil production! Exxon will be able to increase their prices!'] has already been considered by the professional traders currently buying and selling in the market. For your 'new' information to be valuable, it would need to have the ability to forecast earnings in a way not already considered by others. 4) I doubt you will be able to find the true nature of the commercial impact of a particular event, simply by knowing ship locations. So what if you know Alcoa is shipping Aluminium to Cuba - is this one of 5 shipments already known to the public? Is this replacement supplies that are covering a loss due to damaged goods previously sent? Is the boat only 1/3 full? Where this information gets valuable, is when it gets to the level of corporate espionage. Yes, if you had ship manifests showing tons of aluminum being sold, and if this was a massive 'secret' shipment about to be announced at the next shareholders' meeting, you could (illegally) profit from that information. 5) The more massive the company, the less important any single transaction is. That means the super freighters you may see transporting raw commodities could have dozens of such ships out at any given time, not to mention news of new mine openings and closures, price changes, volume reports, etc. etc. So the most valuable information would be smaller companies, where a single shipment might cover a month of revenue - but such a small company is (a) less likely to be public [meaning you couldn't buy shares in the company and profit off of the information]; and (b) less likely to be found by you in the giant sea of ship information. In summary, while you may have found some information that provides insight into a company's operations, you have not shown that this information is significant and also unknown to the market. Not to mention the risks associated with picking individual stocks in the first place. In this case, it is my opinion that you are taking on additional risk not adequately compensated by additional reward.


"An employee costs the company in four ways: Salary, taxes, benefits, and capital. Salary: The obvious one, what they pay you. Taxes: There are several taxes that an employer has to pay for the privilege of hiring someone, including social security taxes (which goes to your retirement), unemployment insurance tax (your unemployment benefits if they lay you off), and workers compensation tax (pays if you are injured on the job). (There may be other taxes that I'm not thinking of, but in any case those are the main ones.) Benefits: In the U.S. employers often pay for medical insurance, sometimes for dental, life, and disability. There's usually some sort of retirement plan. They expect to give you some number of vacation days, holidays, and sick days where they pay you even though you're not working. Companies sometimes offer other benefits, like discounts on buying company products, membership in health clubs, etc. Capital: Often the company has to provide you with some sort of equipment, like a computer; furniture, like a chair and desk; etc. As far as the company is concerned, all of the above are part of the cost of having you as an employee. If they would pay a domestic employee $60,000 in salary and $20,000 in taxes, then assuming the same benefits and capital investment, if a foreign employee would cost them $0 in taxes they should logically be willing to pay $80,000. Any big company will have accountants who figure out the total cost of a new employee in excruciating detail, and they will likely be totally rational about this. A smaller company might think, ""well, taxes don't really count ..."" This is irrational but people are not always rational. I don't know what benefits they are offering you, if any, and what equipment they will provide you with, if any.  I also don't know what taxes, if any, a U.S. company has to pay when hiring a remote employee in a foreign country. If anybody on here knows the answer to that, please chime in. Balanced against that, the company likely sees disadvantages to hiring a foreign remote employee, too. Communication will be more difficult, which may result in inefficiency. My previous employer used some contractors in India and while there were certainly advantages, the language and time zone issues caused difficulties. There are almost certainly some international bureaucratic inconveniences they will have to deal with. Etc. So while you should certainly calculate what it would cost them to have a domestic employee doing the same job, that's not necessarily the end of the story. And ultimately it all comes down to negotiations. Even if the company knows that by the time they add in taxes and benefits and whatever, a domestic employee will cost them $100,000 a year, if they are absolutely convinced that they should be able to hire an Austrian for $60,000 a year, that might be the best offer you will get. You can point out the cost savings, and maybe they will concede the point and maybe not."


"tl;dr Gordon Ramsay is a Navy SEAL.   Honestly stupid article, Gordon Ramsay is successful because he is a TV celebrity and he parlayed his celebrity and access to millions of viewers worldwide into press for a chain of restaurant. Celebrity endorsement is a business strategy as old as consumerism. Nothing to do with what this blowhard lists on his blog.   I mean these are just absolute gems of insight.  >""poor leadership is at the heart of every business problem"" > >""Passion is the fuel of excellence"" > >""Sugar-coating the truth is for suckers""  *slow clap* give this man an overpaid management consulting job pronto!"


I'm interested to see vegan cereal and pot brownies delivered to my house within an hour by drone from these guys. The acquisitions they are making have been very smart and it's cool to follow. I was confused when they bought Twitch, but now seeing how they integrated video game sales and allowed it to be a marketing channel has made a lot of sense to me


Hospitals (most, I believe) are not allowed to turn away a person with a condition that would qualify as a life threatening emergency. The people without insurance cannot be left for dead, and yet the hospitals have to find a way to pay for their care. I believe there is some ways to get compensation from Medicaid, but this won't fully cover the cost, and hospitals are forced to raise prices on those with insurance. These increased costs are reflected in the prices of health insurance. A single payer system would address that shortfall of our current system, and a another huge cost in our system, the rise in tests, treatments and expensive care for our elderly. Right now huge amounts of money are being spent to extend the lives of the elderly patients by incremental amounts.


Certainly the author was well prepared, what with his Art History degree and all, to work at a major investment bank. I think the point of the article is that luck *can be* considerably more important than preparedness.


tl;dr: Please please please do the conversion first. JoeTaxpayer's answer is correct, but I am of the opposite opinion. First, there's just about no reason to have post-tax dollars in a Traditional IRA.  You'll eventually have to pay tax on the earnings those dollars generate, so it's essentially the same as having that money in a regular taxable account.  Meanwhile, if you roll those dollars into a Roth IRA, you get to earn tax-free money on them for the rest of your life (and even after your death)! Second, even if you did have some reason for keeping those post-tax dollars where they are, the last thing you ever want to do is mix them with pre-tax dollars (from, say, your 401k).  As soon as you mix them, all the dollars become subject to pro-rata taxation (as Joe mentioned), so any future decision you were planning to make about what to do with just your post-tax dollars is moot -- you have given away your right to think separately about your pre- and post-tax dollars. As an example, let's say the accounts you want to combine look like this: In the future you decide you want to move $2,000 from the above account into a Roth.  Because you mixed the money, the IRS insists that your rollover consists of: So now you owe tax (and it's regular income tax, I believe, not even capital gains tax) on $1,500.  That was money that you socked away specifically to avoid taxes, and now you've gone and paid taxes on it!  Now, there are valid arguments for intentionally moving pre-tax dollars from a Traditional to a Roth like this, but the point is that you shouldn't even have to be having that argument -- you have post-tax dollars in your Traditional IRA that almost certainly belong in a Roth.  By mixing your 401k into your Traditional IRA, you can no longer do anything with just the post-tax dollars.  The IRS will forever insist that you do these pro-rated calculations. Say in the future you suddenly realize that a Roth is much better for your financial situation than a Traditional IRA.  (Or you might still prefer a Traditional IRA, but as explained in the next sentence it's not available to you.)  Unfortunately, because you're covered by a (new) 401k -- or maybe because you earn too much money to contribute pre-tax dollars to either a Traditional or Roth IRA -- you're out of luck.  You're simply not allowed to contribute to a Roth. Most people in this situation can make use of what's called a back-door Roth.  They contribute up to the maximum amount per year ($5,500 or whatever it is now) post-tax to a Traditional IRA and then immediately roll it over to their Roth.  You can still try this, but guess what?  Yep, because you're mixing these new post-tax dollars with pre-tax money in your Traditional IRA, every year your rollover will be tainted with that pre-tax money, diluting the whole point of the back-door Roth.  You'll be paying taxes on money you never wanted to pay taxes on, and you'll be leaving post-tax money behind in your traditional IRA. (If it sounds like I'm annoyed about this situation from personal experience, it's because I am. :) By doing the conversion first, you never mix pre- and post-tax money, and your money goes where you want it. Of course, assuming you eventually do roll over your 401(k) into a Traditional IRA, the Really Annoying Consequence above will still plague you, but at least you'll have cleanly converted that first post-tax amount.


It is double taxation. The same income is taxed twice.  But as to the core of your argument, starting from a baseline of zero I agree. But we aren't starting over .. there is 100+ years of income tax history and almost 250 years of state/local governments creating the services required for local residents.  It's been amazing how a lil bit of federal control has caused the conservative movement has forgotten they brought the 10th amendment to life with Seminole Tribe v. State of Florida.


"This is the best tl;dr I could make, [original](http://www.imf.org/en/Publications/WP/Issues/2017/09/29/Settling-the-Inflation-Targeting-Debate-Lights-from-a-Meta-Regression-Analysis-45253) reduced by 66%. (I'm a bot) ***** > The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.  > First, authors, editors and reviewers prefer results featuring beneficial effects of IT adoption on inflation volatility, real GDP growth and fiscal performances; second, they promote results with estimated coefficients that are significantly different from zero.  > After filtering out the publication biases, we still find meaningful effects of IT in reducing inflation and real GDP growth volatility, but no significant genuine effects on inflation volatility and the level of real GDP growth.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/73dvpv/imfsettling_the_inflation_targeting_debate_lights/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~219449 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*: **effects**^#1 **IMF**^#2 **paper**^#3 **Inflation**^#4 **publication**^#5"


"Maybe people should stop looking too very easy, very unskilled labor positions to support them.  There's no such thing as a ""livable wage"".  That's a myth.  If you don't have the skills to do anything more complex than be a cashier at McDonald's, it is not up to the company to pay you more.  It is up to you to improve your skills.    These jobs will be eliminated soon enough anyway."


I can only imagine that Netflix is spending this money recklessly and with very little eye for efficiency.  Many of the other entities in the article have decades of experience.  It ain't easy to manage that kind of growth in spending anyway, no matter who you are.


No. The information you are describing is technical data about a stock's market price and trading volume, only. There is nothing implied in that data about a company's financial fundamentals (earnings/profitability, outstanding shares, market capitalization, dividends, balance sheet assets and liabilities, etc.) All you can infer is positive or negative momentum in the trading of the stock. If you want to understand if a company is performing well, then you need fundamental data about the company such as you would get from a company's annual and quarterly reports.


"This is the best tl;dr I could make, [original](http://www.reuters.com/article/us-mexico-economy-inflation-idUSKCN1B401V) reduced by 67%. (I'm a bot) ***** > MEXICO CITY - Mexico will introduce a new inflation methodology in the second half of 2018 that will include measures from more cities and small towns as well as a greater range of products, the national statistics agency said on Wednesday.  > Some of the new products and services include pet grooming, soy milk and carpeting.  > The methodology reflects new patterns of consumption in both goods and points of sale, such as convenience stores, said INEGI President Julio Santaella.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6w6jd9/mexico_to_introduce_new_inflation_methodology_in/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~198939 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*: **new**^#1 **time**^#2 **INEGI**^#3 **include**^#4 **inflation**^#5"


SPY does not reinvest dividends.  From the SPY prospectus: No Dividend Reinvestment Service  No dividend reinvestment service is   provided by the Trust. Broker-dealers, at their own discretion, may   offer a dividend reinvestment service under which additional Units are   purchased in the secondary market at current market prices. SPY pays out quarterly the dividends it receives (after deducting fees and expenses).  This is typical of ETFs. The SPY prospectus goes on to say: Distributions in cash that are reinvested in additional Units through   a dividend reinvestment service, if offered by an investor’s   broker-dealer, will be taxable dividends to the same extent as if such   dividends had been received in cash.


All three credit bureaus allow you to file a dispute online. Some allow you to upload documentation at the same time, others will ask you to mail it to them. Send them the letter you got from your bank, they will then return to the collection company.  For $300.00 most likely they will not pursue it any further and the credit bureaus will delete the entry from your file. If the collection company want to make a case out of it they will have to view to cost of trying to get a Court Judgment against the value of the amount they are claiming. Almost certainly they will view at not cost effective and your credit rating will return to where it was prior to the negative impact


Hi /u/PhotomechanicalMead/, I just analyzed your comment history and found that you are a super positive commenter! Congratulations! [view results](http://ruadick.com/user/PhotomechanicalMead/) - Ranked #691 of 117159 - I took the liberty of commenting here because you are an extreme outlier in the Reddit commenter community. Thanks for your contribution to this Reddit comment sentiment analyzation project. You can learn the ranking of any reddit user by mentioning my username along with the username of the Redditor you wish to analyze in a comment. Example: /u/opfeels/ /u/someusernamehere/


"I think you are mistaken because they are consumer funded programs that ultimately get spent at entities that may or may not be corporations.  A lot of hospital networks are 'non-profit', but are still seeing record inflows.  These payments are not tax subsidies to stimulate a corporate activity (the 'truest' type of corporate welfare) or direct funding from the US government, per se.  Your argument is the equivalent of saying:  ""food stamps are nothing but a corporate subsidy for grocery stores"""


I don't understand what all the fuss is about leaving the accord. It's just another way to control our energy production and deter economic growth. Plus all those CEO's leaving just shows they weren't on Trump's advisory council in order to better America, but rather to promote their own needs.


"A Tweep friend asked me a similar question. In her case it was in the larger context of a marriage and house purchase. In reply I wrote a detail article Student Loans and Your First Mortgage.  The loan payment easily fit between the generally accepted qualifying debt ratios, 28% for house/36 for all debt. If the loan payment has no effect on the mortgage one qualifies for, that's one thing, but taking say $20K to pay it off will impact the house you can buy. For a 20% down purchase, this multiplies up to $100k less house. Or worse, a lower down payment percent then requiring PMI.  Clearly, I had a specific situation to address, which ultimately becomes part of the list for ""pay off student loan? Pro / Con""  Absent the scenario I offered, I'd line up debt, highest to lowest rate (tax adjusted of course) and hack away at it all. It's part of the big picture like any other debt, save for the cases where it can be cancelled.  Personal finance is exactly that, personal. Advisors (the good ones) make their money by looking carefully at the big picture and not offering a cookie-cutter approach."


There is a highly related question which is much easier to answer: what normally value-increasing news about a company would cause that company to fall in value in the public stock market? By answering that, we can answer your question by proxy. The answer to that question being: anything that makes investors believe that the company won't be able to maintain the level of profit. For example, let's say a company announces a 300% profit growth compared to the previous year. This should push the stock upwards; maybe not by 300%, but certainly by quite a bit. Let's also say that this company is in the business of designing, manufacturing and selling some highly useful gadget that lots of people want to buy. Now suppose that the company managed such an profit increase by one of: In scenario 1 (firing the engineering department), it is highly unlikely that the company will be able to come up with, manufacture and sell a Next Generation Gadget. Hence, while profit is up now, it is highly likely to go down in the months and years coming up. Because stock market investors are more interested in future profits than in past profits, this should push the value of the company down. In scenario 2 (selling off the machinery), the company may very well be able to come up with a Next Generation Gadget, and if they can manufacture it, they might very well be able to sell it. However, no matter how you slice it, the short-term costs for manufacturing either their current generation Gadget, or the Next Generation Gadget, are bound to go up because the company will either need to rent machinery, or buy new machinery. Neither is good for future profits, so the value of the company again should go down in response. In scenario 3 (their product getting a large boost), the company still has all the things that allowed them to come up with, produce and sell Gadgets. They also have every opportunity to come up with, manufacture and sell Next Generation Gadgets, which implies that future profits, while far from guaranteed, are likely. In this case, the probability remains high that the company can actually maintain a higher level of profit. Hence, the value of the company should rise. Now apply this to a slightly more realistic scenario, and you can see why the value of a company can fall even if the company announces, for example, record profits. Hence, you are looking for news which indicate a present and sustained raised ability to turn a profit. This is the type of news that should drive any stock up in price, all else being equal. Obviously, buyer beware, your mileage may vary, all else is never equal, nothing ever hits the average, you are fighting people who do this type of analysis for a living and have every tool known available to them, etc etc. But that's the general idea.


Correct.  But he was over simplifying the problem so I wanted to keep it simple myself.  There's a whole lot of moving parts in this problem.  And no one really knows the implications so I kept it to what is generally accepted.


>Jeremy Grantham, chief investment strategist of Boston-based Grantham, Mayo, Van Otterloo & Co., said margins will send stock markets tumbling when they eventually revert to their mean.   >“The implication for the stock market is ugly, because it means earnings are unsustainably high,” Grantham’s colleague Ben Inker, GMO’s director of asset allocation, said in a telephone interview.


Here are three key factors that you do not explicitly state: So while I cannot say exactly why the tax law is the way it is, I can infer that it encourages long-term investments rather than short-term, which would seem to be a good thing for society overall.  The fast that capital gains are taxed at all somewhat discourages cashing out investments (although I suspect it's more of a nuisance factor - the cash received is likely more on an incentive that the tax is a disincentive).


The loan is very likely to be syndicated, yes. I only state 7-10 because all of our loans to this point have been 7 year terms. And in many ways, this loan is just one of those loans, multiplied out in a modular sense.


The government could actually do either one to expand the money supply as necessary to keep up with rising productivity / an increased labor supply.  The question is merely political. In the case of the US, printing money involves convincing politicians to spend it.  While we currently run a deficit, there is a large lobby within the US who are incredibly anti-deficit, and are fighting against this for no good reason.  If the money supply were left in their hands, we would end up with a shrinking money supply and rapid deflation. On the other hand, the Fed can simply bypass the politicians, and control the money supply directly by issuing bonds.  It's easier for them, they don't have to explain it to voters (only to economists), and it gives them more direct control without any messy political considerations like which programs to expand or cut.


Where I am you pay annual taxes on a house, pay state and county transfer taxes when you buy/sell, and then have to pay capital gains the year you sell if it appreciated and you don't meet one of the exemptions. So I think your whole premise may be flawed.


You may withdraw penalty-free from a 401(k) if you separate from service at 55 or later. This may make the rolling to any IRA not a good idea. You can withdraw penalty free if you are disabled. You can withdraw penalty free if you take the withdrawal using a process called Section 72t which basically means a steady withdrawal for either 5 years or until age 59-1/2 whichever is second.  Aside from these exceptions, the concept is to be allowed to take withdrawals after 59-1/2, but you must start to take withdrawals starting at 70-1/2. These are called RMDs (required minimum distributions) and represent a small fraction of the account, 1/27.4 at 70, 1/18.7 at 80, 1/11.4 at 90.  Each year, you take a minimum of this fraction of the account value and pay the tax. If you had a million dollars, your first withdrawal would be $36,496, you'd be in the 15% marginal rate with this income.  In general, it's always a good idea to be aware of your marginal tax rate. For example, a married filing joint couple would be in the 15% bracket up to a taxable $74,900 in 2015. At withdrawal time, and as the year moves along, if they are on track to have a taxable $64,900 (for example), it would be wise to take the extra $10,000, either as a withdrawal to put aside for the next year, or as a Roth conversion. This way, as the RMDs increase, they have a reduced chance to push the couple to the next tax bracket.


"No one's worrying about ""GFC II."" A Greek default/exit would hurt banks, but not that much more than is already priced into the market. The capital most big banks have raised would be sufficient to deal with Greece contingency. The real damage would be to GDP figures."


This answer should be taken as a counterpoint to Thevin S's excellent answer. I have comprehensive insurance on my vehicle. That is, if I crashed it and wrote it off, my insurance would cover the replacement costs. Now, if this happened, I would be able to deal with the replacement costs myself, even without insurance. It would not significantly impact my lifestyle and would not put my emergency funds at risk, though obviously I wouldn't be happy about this. As the insurance company is planning on making money off of me, it's clearly not in my financial best interests to carry this insurance. Statistically speaking, it's a cost to me, and a profit for the insurance company. So why do I do it? Because I find it easy to pay a small amount of money every month for the peace of mind that, if I crash my car, I will not have to cover the large expense. I am (perhaps irrationally) risk averse. I'm happier paying a small amount of money in exchange for a guarantee that I will not have to pay a large amount of money. I mitigate a potentially larger cost, albeit with low likelihood, for the certainty of a smaller cost (my monthly insurance payments). This is separate from the mandatory PL/PD (public liability, public damage) insurance that I am required to cover. That insurance fits into Thevin's definition of a devastating event.


I would ignore the bank completely when they use gross income. Decide, based upon your current living situation, what your MAX limit on a monthly payment is.  Then from that determine the size and cost of the house you can buy. My husband and I decided on a $2000 monthly payment max, but also agreed $1500 was more reasonable.  When using those numbers in the calculators it is way less than when using gross income. When we used our gross pay the calculators all said we could afford double what we were looking for. Since they don't know what our take home pay is (after all the deductions including 401k, healthcare, etc), the estimates on gross income are way higher than what we can comfortably afford. Set a budget based on your current living situation and what you want your future to look like. Do you want to scrimp and coupon clip or would you rather live comfortably in a smaller home? Do the online calculators based on take home pay and on gross pay to get a sense of the range you could be looking at.


BestSoccerBalls are a leading soccer ball retailer,  Which provide the best offer of branded soccer balls and its accessories. If you want to Best cheap soccer balls, then you can visit our website and buy online cheap soccer balls. All branded company uses very high-quality stitching threads and make the ball glossy with qualitative materials. On our website, you can see one of the important soccer balls, which are used in famous tournaments like world cups.


With regards to buying timber bifold doors perth  for your home, there are really various contemplations that you should consider to guarantee that you are settling on the correct decision for your necessities. Neglecting to consider even one of these contemplations could bring about the buy of a door that is unsatisfactory for your home, causing a wide range of issues down the track. All in all, what are these contemplations?


It's been against their best interest to make a profit up to now. They invest everything they have into, in theory at least, making the product better and increasing user numbers. Only when the active user numbers are high enough do they try to make huge profits. Sounds like that time is starting now.


I don't know, I'm constantly surprised by the frequency with which individuals seem to be surprised by the consequences of their actions.  I've taken many shit jobs just to pay the bills and gain experience.  It takes foresight to get ahead.


"This is the best tl;dr I could make, [original](https://www.technologyreview.com/s/544616/hot-and-violent/) reduced by 92%. (I'm a bot) ***** > &shy;Nicholas Stern, a former chief economist of the World Bank and advisor to the British government, predicted in his 2006 report &quot;Economics of Climate Change&quot; that &quot;Higher temperatures will increase the chance of triggering abrupt and large-scale changes that lead to regional disruption, migration and conflict.&quot; Over the last decade, many researchers have tried to document the connection.  > A few years later, Hsiang and his colleagues at Berkeley and Stanford analyzed the growing literature on climate and conflict and found a consistent result in 60 research papers: rising temperatures and changes in precipitation patterns increased the risk of conflicts.  > In an attempt to make economic forecasts more rigorous, Hsiang and his colleagues, who include climate scientists and social scientists, have looked at how temperature has affected labor productivity and agriculture in different countries over the years.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6tct10/hot_and_violent_researchers_have_begun_to/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~189614 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*: **climate**^#1 **change**^#2 **how**^#3 **Snyder**^#4 **temperature**^#5"


Yes, but how does this affect your profit margin? And do you think that companies/stores like Walmart would be able to offer the same beef for the same price, while keeping the same supply? I feel like these fertilizers would drastically improve output by speeding up growth or eliminating loss of crops/animals.


Not for the tax break, no; as others have said that still costs you money. However, with rates being low right now and brought a bit lower by the tax break, this is an opportunity for the safest form of leveraged investing you will ever find. If you invest that money, the returns on investment will probably be better than the mortgage rate, and that leaves you with a net profit. There is some risk if the market collapses, but it's less risk than any other form of borrowing to invest. That also leave you with more flexibility if you need cash in a hurry; you can draw down the investments rather than taking another loan. If the risk bothers you, you can do what I did and split the difference. I put 50% down and financed the rest. I sometimes regret not having pushed it harder, since it has worked out well for me ... but that was the level of risk I was comfortable with.


Then buy an indexed ETF or mutual fund that tracks the S&P 500 and leave your money there until you need it. If you can (there are restrictions for income, etc.), try and setup a retirement vehicle, such as a Roth IRA to get tax advantages.


"Under no circunstances will the bank keep the money for itself. Keeping the money is considered Unjust Enrichment: A general equitable principle that no person should be allowed to profit at another's expense without making restitution for the reasonable value of any property, services, or other benefits that have been unfairly received and retained. The banks will attempt to, in order: Wait for some time: Generally, a time frame of three to five years with no customer-initiated activity sends an account into dormancy. The amount of time that must lapse depends on the [US] state in which the bank account was opened. Attempt to contact the account holder: (...) the bank must try to notify the account holder. If the customer does not respond within a certain amount of time, the balance on the account will be turned over to the state. Turn over the money to the government: In a process what is called “escheating” an account, banks are required to turn over funds from the inactive account to the state treasury. Once the account is sent to the state, the funds are held as unclaimed property. At this point the account no longer exists so far the bank is concerned.  To reclaim your money, you will have to contact your state for the instructions on how to get your money back. You’ll need to complete and submit a claim form along with the necessary identification. If you happen to have unclaimed property held by the state, you can begin the retrieval process by visiting www.unclaimed.org. For a foreigner, it is not unreasonable that the bank would attempt to contact the diplomatic body of the country of origin in step 2, but that may be subject to bank policy. There is some paperwork the bank needs to do to ""escheat"" the account and properly transfer the money to the state."


I wouldn't doubt it. Apparently the oil pipeline to transfer oil from Iran to China through Pakistan has already been built, just needs to be activated, just needs the go ahead now.  As for US track record, yeah, they have very bad one and it's only getting worse. I suspect the GOP will blame a lot of this on Obama on their next run for presidency and then they will blunder even more. Coincidently as well, a lot of people will say Russian or any non-western sources of news are not reliable because it's propaganda yet they are the western medias not spewing their on propaganda?


I think it might come down to the contract itself. In many states in the US an employer cannot block you from practicing your trade to make a living. In many jurisdictions contract clauses that are designed to prevent you from working in your trade area are generally void and unenforceable however in cases like this only a trip in front of a judge will fix it.   What I find interesting about this, is that depending on the details, Sony might have a hard time finding another spokesman in the future. I would imagine most actors would steer clear of that spot in the future if this is how Sony is going to react when they try to get new work.


While on the surface it might not make sense to pay more than one dollar to get just one dollar back, the key thing is that a good company's earnings are recurring each year. So, you wouldn't just be paying for the $1 dollar of earnings per share this year, but for the entire future stream of earnings per share, every year, in perpetuity -- and the earnings may grow over time too (if it remains a good company.) Your stock is a claim on a portion of the company's future. The brighter and/or more certain that future, the more investors are willing to pay for each recurring dollar of earnings. And the P/E ratio tells you, in effect, how many years it might take for your investment to earn back what you paid – assuming earnings remain the same. But you would hope the earnings would grow, too. When a company's earnings are widely expected to grow, the P/E for the stock is often higher than average. Bear in mind you don't actually receive the company's earnings, since management often decides to reinvest all or a portion of it to grow the company. Yet, many companies do pay a portion of earnings out as dividends. Dividends are money in your pocket each year.


"It would take an unusual situation.   They exercise certain types of option, which come in as regular income rather than capital gains, and are holding the stock ""long"" (perhaps they are not allowed to sell because of an insider-trading freeze window; like right before earnings announcements).  And then the stock tanks.  Their company is acquired.   They get stock options in their unicorn at $1/share, which blows up to $1000/share right as HugeFirm buys it. Options are swapped dollar-for-dollar for HugeFirm stock (at $250/share) so 4 shares for 1.   I heard this happened a lot in the 1999-2000 boom/bust.   And the problem was, this type of stock-option had historically only been offered to $20-million salary CEOs and CFO's, who retained professional legal and financial counsel and knew how to deal with the pitfalls and traps of this type of option.  During the dot-com boom, it was also offered to rank-and-file $50k salary tech employees who didn't even know the difference between a 401K and a Roth.   And it exploded in their faces, making a big mess for everyone including the IRS -- now struggling to justify to Congressmen why they were collecting $400,000 in taxes on entirely phantom, never-realized income from a 24 year old tech guy earning $29k at a startup and eating ramen.  When that poor guy never had a chance of understanding the financial rocks and shoals, and even if he did, couldn't have done anything about it (since he wasn't a high executive involved in the decisions).  And even the company who gave him the package didn't intend to inflict this on him.  It was a mistake.  Even the IRS dislikes no-win situations.   Some laws got changed, some practices got changed, etc. etc., and the problem isn't what it used to be."


This is the first I've heard about manufacturing downturn. The article shows wages up in other sectors and the BSE is stronger than ever. Recent changes (currency + GST) are painful, but they seem necessary and beneficial in the long run. I'm still long.  Edit: GDP is down to 5.7% from 7.9% for the same quarter last year.


This is of course a perfectly normal thing to happen. People trade up to a bigger house every day. When you've found a bigger house you want to move to and a buyer for your existing one, you arrange 'closing dates' for both i.e. the date on which the sale actually happens. Usually you make them very close, either on the same day or with an overlap of a few weeks. You use the equity (i.e. the difference between the house value and the mortgage) in the old house as the down payment on the new house. You can't of course use the part of the old house that is mortgaged. If the day you buy the new and sell the old is the same, your banks and lawyers do everything for you on that day. If there is an overlap then you need something called 'bridge financing' to cover the period when you own two houses. Banks are used to doing this, and it's not really that expensive when you take into account all the other costs of moving house. Talk to them for details. As a side note, it is generally reckoned not to be worth buying a house if you only intended to live there one or two years. The costs involved in the process of buying, selling and moving usually outweigh any gains in house value. You may find yourself with a higher down payment if you rent for a year or two and save up a down payment for your 'bigger' house instead.


$8/hr is livable if both the parents work, $33,280/yr, that's a little more than 150% above the FPL for a family of 3 (assuming 1 kid). It's still ~125% if they are only able to work 30 hours a week ($24,960).  It's not livable for a single parent but the prevalence of broken households is an entirely different matter.


"?  You quoted an oft cited oft disproven false factoid. It's extremely biased. Like you seem to be.   Most of those ""self made"", notice those quotes, people came from money. Their business is ""self made"", with family money. Like the article implies."


"My Broker and probably many Brokers provide this information in a table format under ""Course of Sale"". It provides the time, price and volume of each trade on that day. You could also view this data on a chart in some charting programs. Just set the interval to ""Tick by Tick"" and look at the volume. ""Tick by Tick"" will basically place a mark for every trade that is taken and then the volume will tell you the size of that trade."


"When I was 23, the Toronto housing market was approaching a record high, and I thought, ""I must buy a place or I'll be locked out."" And I did. Bad decision. I should have waited and saved my money. For the record, I thought I would never recover, but I did. Patience grasshopper. In actual fact the U.K. housing market is probably approaching a low, and you have a job that is paying you well enough.  BUT the lesson I learned wasn't about buying at a high or a low, it was about the need never to let external factors rush your decision making. Your decisions have to make sense for your own unique situation. If you're living at home and you have domestic bliss, mum and dad aren't crimping your style (if you know what I mean), then, enjoy it.  Your credit balance sounds understandable. It's not fatal. But it's a budget killer.  Make adjustments (somehow/anyhow) so that you are paying it down month by month. Take it down to £0. You will feel amazing once you do it. After that, use the money that you were paying onto your credit card and start saving it. Whether you ultimately use the money for a house down-payment or your retirement, doesn't matter. Just get into the situation where you're saving."


The common advice you mentioned is just a guideline and has little to do with how your portfolio would look like when you construct it. In order to diversify you would be using correlations and some common sense. Recall the recent global financial crisis, ones of the first to crash were AAA-rated CDO's, stocks and so on. Because correlation is a statistical measure this can work fine when the economy is stable, but it doesn't account for real-life interrelations, especially when population is affected. Once consumers are affected this spans to the entire economy so that sectors that previously seemed unrelated have now been tied together by the fall in demand or reduced ability to pay-off. I always find it funny how US advisers tell you to hold 80% of US stocks and bonds, while UK ones tell you to stick to the UK securities. The same happens all over the world, I would assume. The safest portfolio is a Global Market portfolio, obviously I wouldn't be getting, say, Somalian bonds (if such exist at all), but there are plenty of markets to choose from. A chance of all of them crashing simultaneously is significantly lower. Why don't people include derivatives in their portfolios? Could be because these are mainly short-term, while most of the portfolios are being held for a significant amount of time thus capital and money markets are the key components. Derivatives are used to hedge these portfolios. As for the currencies - by having foreign stocks and bonds you are already exposed to FX risk so you, again, could be using it as a hedging instrument.


Its entirely possible that the [skyrocketing cost](https://www.indybay.org/uploads/2013/03/01/800_2013_world_lng_prices.jpg) of natural gas due to the TTIP export deal may drive a lot of people out of the cities out to the country.   Since that space is valuable and at some point, they will probably no longer be able to afford to occupy it.  What do you think of Ronald Coase's work?


>Yeah, you don't understand how this stuff works. The cost of changing banks is so high most people just grumble and eat it. It took a massive national campaign to switch to Credit Unions and still only 250K people did.   So you're saying free-market ideology is wrong?


"The ""hold"" is just placeholder that prevents you from overspending until the transaction is settled. The merchant isn't ""holding"" your money, your bank or card provider is protecting itself from you overdrawing. In general, it takes 1-3 days for a credit transaction to settle. With a credit card, this usually isn't an issue, unless you have a very low credit line or other unusual things going on. With pre-paid and debit cards, it is an issue, since your spending power is contingent upon you having an available balance. I'm a contrarian on this topic, but I don't see any compelling reason to use debit or stored value cards, other than preventing yourself from overspending. I've answered a few other questions in detail in this area, if you're interested."


The fact that you are choosing index fund means you are surely not one of those investors who can correctly judge dips. But buying on dips is still important. You can use a method called Dollar Value Averaging. It is better than Dollar Cost Averaging. Just make sure you apply a lower limit and an upper limit to be more predictable. Suppose you have 10000 to invest. Use limits like minimum 200 investment when index is high, maximum 600 investment when index is down and when index gives normal returns, invest 400. Do this for about 2 years. More than 2 years is not recommended. I myself use this method and benefit a lot.


> Also, who the hell is Phillip Greenspun?  Clearly you weren't a web geek back in the mid '90s ;-)  Philip Greenspun was a professor at MIT and photography enthusiast who built [photo.net](http://photo.net) (one of the first big database-backed web sites) by wiring together AOLServer, Oracle, and TCL. The pages were rendered through a combination of static HTML and database content pulled from Oracle. It included a bunch of excellent photography tutorials with dynamic Q&A sections at the footer of each page along with online discussion forums. No big deal today, but this was shit-hot technology back then. He started a company to commercialize the technology, cashed in for a couple of million, and now writes about [early retirement](http://philip.greenspun.com/materialism/early-retirement/).


#####&#009;  ######&#009;  ####&#009;  [**Falcon Heavy**](https://en.wikipedia.org/wiki/Falcon%20Heavy): [](#sfw)   ---  >  >__Falcon Heavy__ (FH), previously known as the __Falcon 9 Heavy__, is a [spaceflight](https://en.wikipedia.org/wiki/Spaceflight) [launch system](https://en.wikipedia.org/wiki/Launch_vehicle) being designed and manufactured by [SpaceX](https://en.wikipedia.org/wiki/SpaceX). The Falcon Heavy is a variant of the [Falcon 9 v1.1](https://en.wikipedia.org/wiki/Falcon_9_v1.1) launch vehicle and will consist of a standard Falcon 9 rocket core, with two additional Falcon 9 first stages as [strap-on boosters](https://en.wikipedia.org/wiki/Modular_rocket)  – this will increase the [low Earth orbit](https://en.wikipedia.org/wiki/Low_Earth_orbit) (LEO) payload to about 53 [tonnes](https://en.wikipedia.org/wiki/Tonne), compared to about 13 tonnes for a Falcon 9. The first launch is expected in 2015.   >====  >[**Image**](https://i.imgur.com/JZAOVJP.jpg) [^(i)](https://commons.wikimedia.org/wiki/File:SpaceX_breaks_ground_at_Vandenberg_Air_Force_Base.jpg)  ---  ^Interesting: [^SpaceX ^reusable ^launch ^system ^development ^program](https://en.wikipedia.org/wiki/SpaceX_reusable_launch_system_development_program) ^| [^SpaceX](https://en.wikipedia.org/wiki/SpaceX) ^| [^Falcon ^9](https://en.wikipedia.org/wiki/Falcon_9) ^| [^Falcon ^9 ^v1.1](https://en.wikipedia.org/wiki/Falcon_9_v1.1)   ^Parent ^commenter ^can [^toggle ^NSFW](http://www.np.reddit.com/message/compose?to=autowikibot&subject=AutoWikibot NSFW toggle&message=%2Btoggle-nsfw+cjwbhnv) ^or[](#or) [^delete](http://www.np.reddit.com/message/compose?to=autowikibot&subject=AutoWikibot Deletion&message=%2Bdelete+cjwbhnv)^. ^Will ^also ^delete ^on ^comment ^score ^of ^-1 ^or ^less. ^| [^(FAQs)](http://www.np.reddit.com/r/autowikibot/wiki/index) ^| [^Mods](http://www.np.reddit.com/r/autowikibot/comments/1x013o/for_moderators_switches_commands_and_css/) ^| [^Magic ^Words](http://www.np.reddit.com/r/autowikibot/comments/1ux484/ask_wikibot/)


I had this in the 90s, when it was called Sega Channel. It was a big cartridge that went in the Genesis and plugged into your cable. Several dozen games a month came into the thing and the switched on the first of the month. I stayed up thinking it would swap at midnight because then it would technically be the next month. I never really considered it probably didn't switch until the morning when some guy came into work and switched it. I crashed around 4 am reseting the thing ever 10 minutes or so.


"This.  This is what a world class newspaper is supposed to do.  You get a story fitting perfectly into the current narrative of evil banks.  You don't swallow it for the headline value, instead you do the dirty detail work and try to get facts about all allegations, and you write up precisely what you found.  And if it contradicts the current mainstream narrative, then fuck it, facts trump sentiment, you rip apart the claims.    This is the best news article I've read online in a long time, and it makes me feeling I should donate quite some money to the NYT for being there and delivering such quality information for free on the net.    [Disclaimer:  Poster is not, and will never be, working for GS.  They **are** evil, but the ""revelation"" book apparently is mostly bullshit.]"


"The first issue you'll find is that if you aren't going to immediately live in the house as a primary residence, this property counts as a ""second home"" or ""investment property"". You'll generally pay a higher interest rate, have a larger down payment, and qualify for less government-backed programs/incentives/subsidies than you would otherwise. The lending criteria on such properties is always more strict - and generally more costly - than an equivalent primary residence. Lenders won't really care that in 10 years you or your parents plan to move in - you can't be held to that, so they'll generally ignore that plan entirely. On a related note, you should be aware that insurance for the property will also generally cost more, but you'd need to get quotes to determine if that is at all significant in your situation. You'll need to talk with a few potential lenders, but from a first read it sounds like it would be best ""storied"" like so: you and your parents want to buy a 2nd home or vacation home, which you'll share the use of (vacations, etc, and being converted to a primary residence later). It'll need to be clear what plan to use the property for - if you intend to rent out the home in the interim years then instead make that clear and state it will be an investment home; if it is what you are planning it might make it easier, as expected rent for the property will be considered. Saying you want a mortgage for a home no one will live in for a decade probably isn't a good idea, as a general plan anyway. Either way, this can be called a ""joint mortgage"". When I was a loan officer we didn't use that term, but it's basically just a mortgage application with multiple people on it, all of whom are combined together to qualify for the loan. Everyone's income, debts, assets, and credit get included, which can work or one person's situation can cause the whole thing to collapse. From your description I think this could work for you, and one option is to set it up where only one of the parents is on the application if the other parent has problematic credit situation. Note that his possibility is often restricted by local law, so it may not be an option for you in your jurisdiction, but worth being aware of. An alternative is you just buy the property and the parents gift you the down payment, and you list them as beneficiaries in will/trust in case something happens to you before they retire, but I don't know if that would make any sense in your situation. This is a single applicant mortgage, and it means only you are considered as buying it, which sometimes is the only option depending on your parents current financial situation. It's usually something you try if the other option doesn't work, but it's a fallback plan. Some lenders will allow guarantors (co-signers in US parlance), but this will vary by lender and locale - often what they actually want is a joint mortgage, not really a guarantor/cosigner. Finally, you'll need to plan for what happens if things don't go as planned, regardless of what happens. What if your income changes, if either of your parents become deceased in advance of retirement, if they get a divorced from each other, or if either/both become ill or disabled and need assisted care? Planning for such unpleasant possibilities (even if they seem crazy and not going to happen in your mind right now) can save you all a tremendous amount of heart ache later on when the unexpected (including things I didn't mention) pops up."


There's an unavoidable risk of defects in any complex factory-built piece of equipment, price and quality notwithstanding.  Which is also a great justification for an infinite mile drivetrain warranty.  The only reason other car companies don't offer such a thing is because consumers have never had any leverage to ask for it.  Tesla does it because they can.


I think the next big industry will be professional type certifications for more things. Just like you have to pass an exam to be a lawyer (the bar) you'll eventually be able to prove effectiveness and knowledge in a ton of tech and non tech fields without having to have a degree


First of all, look for a savings account with a decent interest rate. Online banks are good at offering those, and you can transfer your money back and forth from the checking account with a couple of business days' delay. ING Direct offers 1.1% APY right now - lame, but much better than nearly-nothing. If you'd like a little nicer rate of return you should also consider putting some of the money (the part you need least) in a short- or intermediate-term bond ETF or mutual fund. You can sell them quite readily, they pay more interest than a savings account, and because of the shorter maturities involved the interest rate risk is limited. (That's the one that makes your bonds less valuable now because the rates went up after you bought them.) I have some NYSE:BIV that's yielding 3.8% or so.


[This is a company's (TradingView.com) customer subscription levels.](https://i.imgur.com/1YIPzOn.gif)  Why do they charge a higher price when customers pay monthly? Monthly increases short term cash flow, right? Why do you think they make prices in such a way that it incentivizes customers to be billed every 2 years?


Go ahead and make the wages higher. You're not going to help these people, because the only reason they got hired was because they were a bargain. The first day Wal-Mart has to pay higher wages, they're going to start the process of letting go of most of their workers and rehiring.


"You mentioned three concepts: (1) trading (2) diversification (3) buy and hold.   Trading with any frequency is for people who want to manage their investments as a hobby or profession.  You do not seem to be in that category.  Diversification is a critical element of any investment strategy.  No matter what you do, you should be diversified.  All the way would be best (this means owning at least some of every asset out there).  The usual way to do this is to own a mutual or index fund.  Or several.  These funds own hundreds or thousands of stocks, so that buying the fund instantly diversifies you. Buy and hold is the only reasonable approach to a portfolio for someone who is not interested in spending a lot of time managing it.  There's no reason to think a buy-and-hold portfolio will underperform a typical traded portfolio, nor that the gains will come later.  It's the assets in the portfolio that determine how aggressive/risky it is, not the frequency with which it is traded. This isn't really a site for specific recommendations, but I'll provide a quick idea:  Buy a couple of index funds that cover the whole universe of investments.  Index funds have low expenses and are the cheapest/easiest way to diversify.  Buy a ""total stock market"" fund and a ""total bond fund"" in a ratio that you like.  If you want, also buy an ""international fund.""  If you want specific tickers and ratios, another forum would be better(or just ask your broker or 401(k) provider).  The bogleheads forum is one that I respect where people are very happy to give and debate specific recommendations. At the end of the day, responsibly managing your investment portfolio is not rocket science and shouldn't occupy a lot of time or worry.  Just choose a few funds with low expenses that cover all the assets you are really interested in, put your money in them in a reasonable-ish ratio (no one knows that the best ratio is) and then forget about it."


Interesting thought but I don't think it's going to play out like that. In city centers, you'll see a lot of automated cars, even mostly automated cars. But the suburbs and rural areas are still going to have plenty of gasoline vehicles with drivers for at least a few decades. There's too many interests propping up oil for them to just give up. EVs are and will continue to be more efficient but there's still capital costs involved. An old machine that's paid for will usually generate more profit than a financed new machine that's efficient.


It's ultimately limited by how much debt people are good for, which is limited by the worth of labor.  You are correct, that the fractional reserve system does not limit how much money can be created, and with just that an no requirement for new debt to be good debt, infinite money could be created.


"Yes and No.  Almost everybody wants to own their own business. And they would gladly piss away an investor's money trying to make it happen. It's not just FUNDS that are required. I'm sure we both know some people that should not start a business of their own, no matter how it's financed.  One of the big barriers to starting a business is regulation. We all want products that are safe to use and produced responsibly, but if the regulations are such that only a handful of the largest companies are capable of compliance, then those companies can be assured they will never have any credible competition. Regulation is a very careful balancing act.  But your question wasn't ""What stops new businesses new businesses from forming?"" You asked what creates more business owners.  A lot of that is actually cultural. To be a business owner you have to have a lot of specific personality traits that most people don't have. You have to be motivated to work hard, passionate about what you want to do, organized enough to approach it consistently, analytical enough to create a solid business plan that makes sense, and rational enough to know when to quit if it's not working. Finally (and this is a big one) you have to be able to **sell** that passion to investors, prospective customers and your first employees. The best widget in the world won't sell if it's being marketed by someone who doesn't know how to market things.  What we need to do is find a way to provide consulting and resources to people who are developing those skills."


To add to what you said, one critique of behavioral economics is that it only tears down, it doesn't build up. It is very adept at breaking down traditional economic arguments, but does a poor job replacing those prior arguments with predictive models.


Yes and i told you that bitcoin could also be perceived as valuable too, like seashells did in the past.   Personally, i think bitcoin has value because it is a giant money laundering scheme. All the big players are investing into it because they need to funnel their drug money.


True blue preferred shares are considered loose hybrids of credit and equity.  They are more senior than common equity in bankruptcy liquidation but pay out a dividend which is not mandatory. Financial institutions issue the bulk of genuine preferred shares because of their need for more flexibility than a bond but not so much that they can afford the cost to shareholders by diluting common equity. Since it is a credit-like security that receives none of the income from operations but merely pays out a potentially unpredictable yet fixed amount of income, it will perform much more like a bond, rising when interest rates fall and vice versa, and since interest rates do not move to the extent of common equity valuations, preferreds' price variances will correspond much more to bonds than common equities.  If the company stops paying the preferred dividend or looks to become in financial trouble, the price of the preferred share should be expected to fall. There are more modern preferred however.  It has now become popular to fund intermediate startups with convertible preferred shares.  Because these are derivatives based upon the common equity, they can be expected to be much more variant.


"This is the best tl;dr I could make, [original](https://about.bnef.com/blog/henbest-energy-2040-faster-shift-clean-dynamic-distributed/) reduced by 94%. (I'm a bot) ***** > Onshore wind costs fall fast, and offshore falls faster.  > Around $6 trillion of new investment in wind and solar power between now and 2040 will reshape the world&#039;s electricity markets as we move from a system where coal, gas and oil-fired power plants make up over 60% of capacity, to one where solar and wind are the two largest categories, and where fossil fuels make-up less than a third.  > In Germany, new onshore wind and solar already appear to be cost-competitive with new coal and gas; in China today, coal is the lowest-cost, new-build electricity generation, but in 2019, onshore wind gets cheaper, then PV follows two years later; in the U.S., cheap natural gas makes it the lowest-cost source of new electricity right now, but by 2022-23 PV and wind both begin to beat it; and in India, new solar PV starts to look cheaper than new coal, across the country, from 2020.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6kchsc/energy_to_2040_faster_shift_to_clean_dynamic/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~155602 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*: **wind**^#1 **New**^#2 **solar**^#3 **coal**^#4 **Gas**^#5"


It's not true that jobs have been shipped overseas. Most of the loss of labor intensive jobs has been due to improved automation. The growth of jobs outside the US has been to better support developing economies that have a demand for those goods. (And it's not efficient to build them here when the demand is in Asia or South America.) Production is generally up in US factories. It's just using less labor to do it.


PCI requires that any Point of Sale is receiving patches & security updates. XP has been end of life'd since 2014. Its close cousin, POSReady 2009, will be supported through April 2019. So if this XP system interacts in any way with cardholder data, it's almost certainly not PCI compliant unless Santander has some enterprise agreement to support XP past its end of life.  XP and 2009 don't support TLS 1.1 or TLS 1.2, which is going to be a big deal on July 1, 2018, when PCI mandates that TLS 1.0 is disallowed.


It's whatever you decide. Taking money out of an S-Corp via distribution isn't a taxable event. Practically speaking, yes, you should make sure you have enough money to afford the distribution after paying your expenses, lest you have to put money back a few days later in to pay the phone bill. You might not want to distribute every penny of profit the moment you book it, either -- keeping some money in the business checking account is probably a good idea. If you have consistent cash flow you could distribute monthly or quarterly profits 30 or 60 days in arrears, for example, and then still have cash on hand for operations. Your net profit is reflected on the Schedule K for inclusion on your personal tax return. As an S-Corp, the profit is passed through to the shareholders and is taxable whether or not you actually distributed the money. You owe taxes on the profit reported on the Schedule K, not the amounts distributed. You really should get a tax accountant. Long-term, you'll save money by having your books set up correctly from the start rather than have to go back and fix any mistakes. Go to a Chamber of Commerce meeting or ask a colleague, trusted vendor, or customer for a recommendation.