"The only people who benefit from ""Kleenex's consumption"" are Kimberley-Clark's owners, workers/management, and the people that consume their products.  A being called ""kleenex"" doesn't exist to reap the rewards.    If you are truly in support of ""money going to the people who work for a living"" then you should be 100% in support of removing corporate taxes, and simply taxing wealth.  This is because corporate taxes cut equally among the owners, and every middle-class citizen is going to have a 401k or IRA.  On top of corporate taxes hitting the middle-class, if the good that the corporation is selling is relatively inelastic, and a lot of goods are, then a portion of the costs of corporate taxes get passed onto the consumer anyway."


"In your example, you said if someone calls for a 75% decline in the market next year, and instead it happens in 3 years, it's still a good call in your book. This is what I, and I believe mjvcaj, disagree with.   Without a time frame, or an incorrect time frame, you're essentially just making a blanket statement and hoping for the best. Otherwise anyone can ""predict"" what's going to happen, as long as you're vague about the details."


They are four quarterly estimated tax payments.   The IRS requires that you pay your taxes throughout the year (withholding in a W-2 job).  You'll need to estimate how much taxes you think you might be owing and then pay roughly 1/4 at each of the 4 deadlines. From the IRS: How To Figure Estimated Tax To figure your estimated tax, you must   figure your expected AGI, taxable   income, taxes, deductions, and credits   for the year. When figuring your 2011 estimated tax,   it may be helpful to use your income,   deductions, and credits for 2010 as a   starting point. Use your 2010 federal   tax return as a guide. You can use   Form 1040-ES to figure your estimated   tax. Nonresident aliens use Form   1040-ES (NR) to figure estimated tax. You must make adjustments both for   changes in your own situation and for   recent changes in the tax law. For   2011, there are several changes in the   law. Some of these changes are   discussed under What's New for 2011   beginning on page 2. For information   about these and other changes in the   law, visit the IRS website at IRS.gov. The instructions for Form 1040-ES   include a worksheet to help you figure   your estimated tax. Keep the worksheet   for your records. You may find some value from hiring a CPA to help you setup your estimated tax payments and amounts.


if your end game is corporate, a PhD might be a bit overkill (source: phd holder who works in banking). if you want to be very technical (coding, analytics, quant finance), then the PhD might make sense. if that isn’t you and you don’t want academia, don’t do it. the phd is a really long haul.   MFin gives you a stronger theoretical framework than an MBA, however for recruitment, MBAs tend to fare better and more easily getting into finance. the CFA in theory could fill in the finance gaps missing in the MBA.  at any rate, if you’re dedicated and persevere, you’ll get wherever you want to be in due time with any of these choices.


Just to be clear, I've been in the industry, specifically in government and regulatory affairs, seven years.  In the US, there is generation, transmission, distribution, merchant function/retail function, and government impositions (fees, taxes, environmental regulations, etc), *just like presented in the image.*   In my experience, attributing approximately 50% to T&D and 50% to everything else is pretty accurate (in fact, T&D costs are often higher than all the others). I'm sure our overall rates are lower (depending on location -- Hawaii's rates are astronomical), but I don't think these percentages are that off.


Not only are they high volume but also most finish materials are very basic. For example lighting fixtures, most builders put ceiling fans in all bedrooms ($75) where Rausch coleman uses a flush mount ($15) in the spare bedrooms.  Same with flooring they use a vinyl plank where most builders use wood. This can be $1sqft or more cheaper. Cabinets, carpet, tile, countertops, faucets, all they same. These are all cosmetics and you can save a ton of money while building by doing this and still build a quality home. Rausch Coleman builds a quality home at an affordable price by keeping the cosmetics basic.


"I am guessing you are being downvoted by people who wish they had two devices.  The reason being:  When your personal phone is your work phone, you are always on call.  Quite frankly, that sucks.  Give me two separate phones any day.  If people need to contact you during the work day, they call your work line.  If people from work need to contact you after work, too bad, that shitty work smartphone ""ran out of power"" around 5pm ;-)"


Law Office of Daniel J. Caplis Each year, millions of people get injured to the point where they need medical treatment. According to the Centers for Disease Control (CDC), an estimated 31 million people will suffer an injury in a given year. Of those, two million will need to be hospitalized, and 162,000 will die from their injuries.


Several years ago a study found that US healthcare was so bad that a very large number of people died unnecessarily who would not have died if they were in one of the more advanced countries.  [New Study: U.S. Ranks Last Among High-Income Nations on Preventable Deaths, Lagging Behind as Others Improve More Rapidly](http://www.commonwealthfund.org/News/News-Releases/2011/Sep/US-Ranks-Last-on-Preventable-Deaths.aspx)


"That depends on on the Global Macro you're applying for; your best bet is to look at their investment policy/strategy on their website. If that's not available, it's actually a good interview question (i.e. a question for you to ask the interviewer). To be clear, what I think is a good question for you to ask is ""so what's your investment strategy?"" It shows that the candidate isn't presuming anything and that s/he knows that there's an adherence to an underlying discipline.  In my opinion, don't pitch anything. If it was me; even if I did know their investment approach, I wouldn't pitch an idea in an interview, unless asked.  If they do ask you for your opinion, tell them your idea (assuming that you know their investment approach and what your pitching adheres to it). Interviewers sometimes ask such questions to gauge whether you have a ""finger on the pulse of the market"".  So in summary:  1. Find out their investment strategy. 2. If it's not online, then ask what it is in the interview. 3. Show that you understand the strategy. 4. Don't pitch an idea unless asked; if asked, show how your idea adheres to the underlying strategy."


It's absolutely going to come eventually. But making a $15 minimum will make it happen right away, and there will be a cascade effect because everyone down the line will want a raise as well, and companies will figure out how to get rid of those people as well.


If you're audited routinely you probably have an accountant to get this straight. It's not something that I would be too worried about as it is purely journal-entry issue, there's no problem with the actual money. Mistakes happen. I'd suggest converting the currency, taking loss/gain on the conversion as a capital loss/gain, and credit the correct currency to the correct account. If GnuCash causes problems - just record it in the EUR equivalent, putting in notes the actual SGD value. Note that I'm not an accountant and this is not a professional advice.


This was excellent.  VCs buy amazing ideas and people all the time for so little.  It was good to see someone who knows what their idea and execution are worth and stick to their guns.  I see small businesses sell for 2x revenue all the time and then flip on IPO for 10-20x earnings after some growth.  When you have a good team and process, let it ride.


"There are websites out there that let people apply for micro-loans, and let other people fund those loans, and get a percent of the interest back as the loans are paid off. I have heard of people with spare cash ""investing"" in these sites. However, I don't think there is a guarantee of return of your money, and I have heard mixed reviews by people, so I will not link to any such sites here."


This is not your problem and you should not try to fix it. If your employer paid money into someone else's account instead of yours they should ask their bank to reverse it and should pay you your wages while they are waiting for this to be done. No bank will let you do anything about money paid by someone else into an account that is not yours, or give you details of someone else's account.


"This is not intended as legal advice, and only covers general knowledge I have on the subject of wills as a result of handling my own finances.   Each state of the USA has its own laws on wills and trusts.  You can find these online.  For example, in Kentucky I found state laws here:  http://www.lrc.ky.gov/krs/titles.htm and Title XXXIV is about wills and trusts.  I would recommend reading this, and then talking to a lawyer if it is not crystal clear.   Generally, if a lawyer does not draft your will, then either (1) you have no will, or (2) you use a form or computer program to make a will, that must then be properly witnessed before it is valid.  If you don't have it witnessed properly, then you have no will.  In some states you can have a holographic will, which means a will in your own handwriting.  That's when you have that 3am heart attack, and you get out a pad of paper and write ""I rescind all former wills hereby bequeathing everything to my mistress Samantha, and as to the rest of you go rot in hell. "" One issue with these is that they have to get to court somehow, and someone has to verify the handwriting, and there are often state laws about excluding a current spouse, so you can guess for yourself whether that one might disappear in the fireplace when another family member finds it next to the body or if a court would give it validity. And there can be logic or grammar problems with do it yourself wills, made in your own handwriting, without experience or good references on how to write things out.  Lawyers who have done a bunch of these know what is clear and makes sense.  (1) In Tennessee, where I live, an intestate's property, someone who died with no will, is divided according to the law.  The law looks to find a spouse or relatives to divide the property, before considering giving it to the state.  That might be fine for some people.  It happened once in my family, and was resolved in court with minimal red tape.  But it really depends on the person.  Someone in the middle of an unfinalized divorce, for instance, probably needs a will help to sort out who gets what.   (2) A form will is valid in Tennessee if it is witnessed properly.  That means two witnesses, who sign in yours' and each others' presence.  In theory they can be called to testify that the signature is valid.  In practice, I don't know if this happens as I am not a lawyer. I have found it difficult to find witnesses who will sign a form will, and it is disconcerting to have to ask friends or coworkers for this sort of favor as most people learn never to sign anything without reading it.  But a lawyer often has secretaries that do it...  There is a procedure and a treaty for international wills, which I know about from living overseas. To streamline things, you can get the witnesses to each sign an affidavit after they signed the will.  The affidavit is sworn written testimony of what happened, that they saw the person sign their will and sign in each others' presence, when, where, no duress, etc.  If done correctly, this can be sufficient to prove the will without calling on witnesses.  There is another option (3) you arrange your affairs so that most of your funds are disbursed by banks or brokers holding your accounts.  Option (3) is really cheap, most stock brokers and banks will create a Transfer-On-Death notice on your account for free.  The problem with this is that you also need to write out a letter that explains to your heirs how to get this money, and you need to make sure that they will get the letter if you are dead.  Also, you can't deal with physical goods or appoint a guardian for children this way.  The advantage of a lawyer is that you know the document is correct and according to local law and custom, and also the lawyer might provide additional services like storing the will in his safe.  You can get personalized help that you can not get with a form or computer program."


The market is efficient, but it is not perfectly efficient. There are entities out there that consistently, legitimately, and significantly outperform the market because of asymmetric information (not necessarily insider trading) and their competitive advantage (access to data and proprietary, highly sophisticated models)*. I say this despite most hedge funds performing worse than their respective benchmarks. For most people (even very smart people) it makes a lot of sense to invest in index funds with a reasonable asset allocation (based on desired volatility, tax situation, rebalancing methods etc.).   * The usual example that is cited is RT's  Medallion Fund because it has enjoyed quite dramatic returns. Other groups that have been successful include Citadel and Soros Fund Management.


given that japan is just about out of savings (due to their policy of QE and stealing wealth from everyone else and giving it to zombie banks for the last 15 years, creating loses in median income, rises energy and food costs and leading to a generation of people whom a signifigant propotion of them will never be employable because there are no jobs because the economy is not growing), pretty soon there is going to come a time when the massively overburdened japanese citizenry cannot afford to buy any more govt debt. when that happens they'll have to get foreign buyers. foreign buyers will laugh at them, and japan's debt market will implode.


This bit of marketing, like the zero-percent introductory rates some banks offer, is intended to make you more willing to carry a balance, and they're hoping you'll continue that bad habit after the rate goes back up. If you don't think you'll be tempted by the lower rate, yhere's no reason not to accept (unless there's something in the fine print that changes your agreement in other ways; read carefully). But as you say, there's no reason to accept ir either. I'd ignore it.


"Collateralized & Secured are interchangeable terms. Note the following two quotes from wikipedia (links below): ""A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan."" http://en.wikipedia.org/wiki/Secured_loan ""In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan."" http://en.wikipedia.org/wiki/Collateral_%28finance%29 This website also uses the terms interchangeably: http://www.wisegeek.org/what-is-a-collateral-loan.htm Loan & Line of Credit are not interchangeable terms.  In a loan, you receive a one time disbursement & repay it over a fixed amortization schedule. (Think home mortgage) In a line of credit, you can pay back & re-borrow from your credit line as often as you need. (Think credit card or Home Equity Line of Credit)"


Born in Hong Kong and worked for a Hong Kong bank but still can't speak Mandarin as a middle aged man? Lol, no one to blame but yourself. If you're in a country and they give you a job, and a nice cozy banking one at that, take the time to learn the fucking language.


"Says who? Or is this just something you *think* makes sense, because on first glance it does. Many studies show privatizing basic government functions like waste removal, prisons etc. to contractors ends up costing the government more.  Recent study that shows that its more expensive: http://www.nytimes.com/2011/09/13/us/13contractor.html  Specifically on government military private contractors, via this link, bottom of the page: http://www.pbs.org/wgbh/pages/frontline/shows/warriors/contractors/ceff.html  Steven Schooner  Professor, The George Washington University Law School; expert on government contracting  ""I don't think there's any question that no one knows whether it's cheaper or not. One of the best studies we've seen on whether outsourcing saves money is the RAND study, which is now a few years old. And what the RAND study says is there's the potential for immense cost-saving in outsourcing. But it hasn't been proven yet.  There's a number of episodic studies since, but there has not been a compelling case made that government outsourcing, particularly this type of outsourcing, saves money.""  Full interview: http://www.pbs.org/wgbh/pages/frontline/shows/warriors/interviews/schooner.html  He makes your point however that the savings is thought to come from savings in paying someone before and keeping them on payroll when we're not in a military activity that requires their services. No pension after, no payroll before. Thus the increase in compensation is a lot higher. However it doesn't mean its conclusive to show that it *does*save money."


"> However, ""bubble"" implies an undeserved/irrational increase.  I say that because of the artificially low supply enforced by property owners.  SF is notorious for this.  It's not self regulating when the market cannot respond to demand because of government/city council interference."


We aim to keep 6 months of expenses. The rationale is that its enough time to recover from most serious illnesses (that you can recover from) or a redundancy or pay for a large unexpected problem not covered by the insurance (e.g. the boiler dying). It also gives us enough time to reorganise finances if needed. For example we could get out of contracts (like mobile phones, sky TV), sell the car, and maybe even find a cheaper house if needed in that time. It will take a good chunk of time to build up that amount and it's worth considering how many commitments you have (kids, wife, mortgage, car...) as the fewer you have the less you need. If you have fewer commitments you can be comfortable with much less contingency. When I lived in rented accomodation and didn't run a car or have many possessions, I just maintained enough cash to cover my bills for about 6 weeks, this would give me enough time to find another job, and if I didn't get one I could always crash round a friend's house.


I'm surprised that [Theranos](https://www.vanityfair.com/news/2017/05/theranos-board-response-deposition-court-documents) isn't at or near the top. It went from $9 billion valuation to more or less worthless, all based on technological claims that never lived up to their claims, and with an all-star Board of Advisors. It's pretty much the definition of a hype bubble with an epic collapse. I suppose it's not as immediate a catastrophic failure as some of the ones on the list, but the size of the failure and collapse dwarfs most of them.


Net worth in local currency.


"Assuming the numbers work out roughly the same (and you can frankly whip up a spreadsheet to prove that out), a defined benefit scheme that pays out an amount equal to an annuitized return from a 401(k) is better.  The reason is not monetary - it is that the same return is being had at less risk. Put another way, if your defined benefit was guaranteed to be $100/month, and your 401(k) had a contribution that eventually gets to a lump sum that, if annuitized for the same life expectancy gave you $100/month, the DB is better because there is less chance that you won't see the money. Or, put even simpler, which is more likely? That New York goes Bankrupt and is relieved of all pension obligations, or, the stock market underperforms expectations.  Neither can be ruled out, but assuming even the same benefit, lower risk is better. Now, the complication in your scenario is that your new job pays better.  As such, it is possible that you might be able to accumulate more savings in your 401(k) than you might in the DB scheme.  Then again, even with the opportunity to do so, there is no guarantee that you will.  As such, even modelling it out really isn't going to dismiss the key variables. As such, can I suggest a different approach?  Which job is going to make you happier now?  Part of that may be money, part of that may be what you are actually doing.  But you should focus on that question. The marginal consideration of retirement is really moot - in theory, an IRA contribution can be made that would equalize your 401(k), negating it from the equation.  Grant you, there is very slightly different tax treatment, and the phaseout limits differ, but at the salary ranges you are looking at, you could, in theory, make decisions that would have the same retirement outcome in any event. The real question is then not, ""What is the effect in 20 years?"" but rather, which makes you happier now?"


Adding on to all the fine answers, you can consider selling a covered call. You will have to own a minimum of 100 shares. It will offer a bit of protection, but limit your upside. If your confident long term, but expect a broader market pull back then a covered call might give you that small protection your looking for.


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">One presidential election is not going to break a business in such a cut-and-dry fashion.  Maybe it's the straw that broke the camel's back. I hate when people use the argument ""Oh, this one thing won't or will do whatever,"" because it implies that camels have infinitely strong backs."


I thought that was strange too.  BoA is infested with criminals.  They wouldn't know a sustainable business model if it bit them in the ass, and they are losing all of their customers because of it.  As they fall, everyone at the top is going to suck from the company everything that they think they are entitled to, and the expense is going to fall on the shareholders.  Maybe he was predicting a pity purchase, or a bailout, but there is no way that he thought that this was a good long term move.  Very uncharacteristic.


> But the amatuer quality products have caught up to the point where it can start competing.  This is a very common misconception. Owning a pro camera does not make you a professional photographer in the same way that owning a pipe wrench does not make you a plumber or owning a pencil doesn't make you an artist. It's not the tool, it's the person holding it.


Well this is weird (although not unexpected). Only major piece of legislation passed so far is sanctions on Russia where Congress went around the president. Now this where Congress goes around the president. I see a pattern developing and I like the pattern. (Also, it must infuriate Emporer Orange and that makes me smile)


>This is your government at work; instead of funding treatment programs.  Legalize it, then you can TAX it (and -- to some extent -- control distribution via licensing), instead of pissing away taxes trying to stop it (which just never works... and actually makes trafficking in the shit MORE profitable).


Perhaps you have heard of 'The Paris Accord'. No? Shame. The entire rest of the world signed on to it. So, yay 'murica and all but the rest of the world is dropping dollars on that big time.   Norway banned oil heating in all homes and businesses. 100,000 homes and business have 2 years to scrap their oil heating systems. 2 years! Germany completely banned the sale of internal combustion engines by 2030, India 2031, Norway, 2025, china wants 60% of the whole fleet to be electric in cities by 2030. Canada is raising their carbon taxes even higher, BC alone is set to $40mil on public car chargers this year and that is just the public money.   The rest of the world is moving and America is being left behind. 10 gigafactory sized battery plants are currently under construction and battery prices have been dropping by 30% per kwh per year every year. Power storage is expected to be the next semiconductor race for costs.  Like smartphones, this is the next tech boom and reading what is going on the industry right now is staggering. They are ramping up battery production like no time seen in recent history.  Oil prices are as much a function of speculation into the future as right now. The entire industry is slashing investment because they know that in a few short years it will become a shrink industry and that is not good for the bottom line. Saudi Arabia and most oil countries with 'cheap easy oil' are now vested in pumping as much oil as they can in the next decade. Leaders have quoted as saying 'what we don't pump in the next 10-15 years will never be pumped'.  The race is now on to pump cheap oil fast because these guys have driven tesla P85D's and they know what's up. Prices will continue to stay low because they want to crush the competition and be the last to sell oil. Holding on to their vast reserves is now bad for business where as before it was waiting for higher prices when you close the tap.


To be honest, wall street survivor is good but when it comes to learning the stock markets from Europe, Beat wall street is the game to be playing. You can try it out for your self here on http://beatwallstreet.equitygameonline.com/ It is easy to use and there are monthly prizes available to winners, such as Ipads, Iphones and students who play it the game can win internships at top investment banks and brokers


You would find each chef, food maker and restaurant being a master of own where they bring Michelin-starred chefs from all over the world to produce a kind of food that makes locals, visitors and traveler forget the money they spent on Dubai Travel Packages.


And besides a personal attack, to the points I made, do you have anything to say?  My usual conclusion when I get a personal attack with no substance is that the other side has no counter claims and no clue what they are talking about.


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Here is a simple answer: Most merchants do not charge customers, but you can.


Sorry for the late reply. Nonetheless the Dow has the same pros as any other index but what sticks out to me is that all of the stocks are extremely popular with private investors. In my experience it helps to compare stock development of competitors in terms of popularity.


You clearly are not paying attention to what Walmart is doing and how smart they are doing it. They have an insane amount of stores and network far beyond Amazon for shipping/receiving and a far more dedicated customer base. They are also diving into areas that make middle class Americans love the fuck out of them. There stock price is where it should be unlike Amazons insanely inflated price. The best part is they are doing it even more intelligently than Amazon who is putting far to many hands in the cookie Jar. Their spending power and market cap can easily match Amazon if not exceed it. They are also not trying to squash out the middle man they are building UP the middle man. Also, if you think Walmart has no manufacturing you need to educate your self heavily on what they are doing here in the states.  EDIT:I'll clarify...I in now way like Amazon or Walmart as a company past financial gains. I think they are both cunts of company's that could and should treat their employees better and I wish they would.


"To add to Jason's answer; a further mechanism is that of monopoly rents which you mention in your question.  Movie theatres are often in shopping complexes (which themselves may offer a particular cinema exclusivity), or physically remote from each other, making price comparison more difficult.  Different companies may not offer the same movies (similar to the way phone companies offer difficult-to-compare contract pricing). Once you've paid for your movie ticket, if you're suddenly thirsty or peckish, the theatre is the only place selling snacks.  Many theatres (including film theatres) discourage (or refuse) patrons from consuming products purchased elsewhere on site. A sense of ""capture"" is reinforced with ticket collection at the entrance or some form of barrier (inside vs outside the cordon). A theatre can thus capture their patrons and then leverage that access in order to discriminate amongst the higher-paying consumers mentioned by Jason."


"BestInvest is a UK site looking at that URL, base on the ""co.uk"" ending. Yahoo! Finance that you use is a US-based site unless you add something else to the URL. UK & Ireland Yahoo! Finance is different from where you were as there is something to be said for where are you looking. If I was looking for a quarter dollar there are Canadian and American coins that meet this so there is something to be said for a higher level of categorization being done. ""EUN.L"" would likely denote the ""London"" exchange as tickers are exchange-specific you do realize, right?"


Sure, having great customer support is good... but so is having great products, great prices, etc.  At the end of the day a company still needs to figure out how to balance time & money spent across engineering, support, marketing, sales, manufacturing...  Frankly, having the CEO do windows support for customers is rarely going to be a winning strategy.


Your friend would have only been liable for a tax penalty if he withdrew more 529 money than he reported for qualified expenses.   That said, if he took the distribution in his name, it triggers a 1099-Q report to the IRS in his name rather than his beneficiaries.  This will likely be flagged by the IRS, since it looks like he withdrew the money, but didn't pay taxes and penalties on it, not the beneficiary.  In other words, qualified education expenses only apply to the beneficiary, not the plan owner/contributor.  In this case, the IRS would request additional documentation to show that the expenses were indeed qualified.   To avoid this hassle, it's easiest to make sure the distribution is payed directly to the beneficiary rather than yourself.  Once he or she has the check, then have them sign the check over to you or transfer it into your account.  Otherwise you trigger an IRS 1099-Q in your name rather than your beneficiary.


"There are three aspects of what to value gold over. It doesn't easily chemically react with anything, so it stays pure over a long period of time (vs, say a bar of iron or a bar of butter).  So it's valuable so far as it doesn't rot. It is shiny, and there is the historical allure of having a bag of shiny, jingly gold coins. Other people will give you other items of perceived value in exchange for it. I believe it was Warren Buffett who stated his opinion on gold - paraphrased such: ""You pay people to dig it out of the ground, you pay people to purify it and pour into forms, you pay people to verify the number of nine's purity in it, you pay people to build a secure building to store it in, and you pay people to stand around and guard it.  Where is the value in that?"""


While I think that electric cars are the future I also think it will not be Telsa making the money. Once all the big players with their massive production capacity are fully in the market, I think Tesla will be blown away.   Edit: Typo 2nd edit: I am short Tesla


"> Do you know why it's so popular? I thought other trucks are pretty good too.   Well, for starters because FORD (the company) is considered a more solid brand/firm -- the two chief competitors (Chevy/GMC & Chrysler/Dodge) are considered by some (many actually) to have ""soiled"" themselves in the financial crash of 2008-2009.    I know many previously ""loyal"" GM fans who swore after it became ""Government Motors"" that they would never buy another GM... and the vast majority of them switched over to Ford.  And Chrysler -- having gone through various owners -- is likewise looked at somewhat dubiously by many.  You have to keep in mind that business owners are (generally) not just thinking of a singular vehicle purchase, but of a series of such purchases (often over years and decades), as well as the supply of parts, the availability & consistency of service & support (whether internal in company ""shops"" or at dealers) and so on... anything & everything that brings those things into the ""question mark"" territory, tends to reduce confidence, and thus shift the focus onto other brands that seem to be more ""stable"".  >You're right that they get burned out quickly, although I'd think there'd be a longevity version of trucks by now.   That would be part of the reputation of the F series, and especially the F150... it is widely considered to be one of the BEST (longest lasting, least problematic) vehicles made.  >aren't toyota trucks very long living?  Yes and yet no.  The history/reputation has been a bit more ""spotty"" than with Ford.  The same is true of Dodge, GMC and the other brands.  Certainly there will be people who think/believe/state otherwise -- I myself own a Dodge that I am generally VERY happy with, and I know others who have Chevy/GMC and other brands and are likewise quite happy with them -- but over the years, Ford has undisputably built up a solid reputation with it's truck line."


"There is no zero risk option! There is no safe parking zone for turbulent times! There is no such thing as a zero-risk investment.  You would do well to get this out of your head now.  Cash, though it will retain its principle over time, will always be subject to inflation risk (assuming a positive-inflation environment which, historically in the US anyway, has always been the case since the Great Depression). But I couldn't find a ""Pure Cash - No investment option"" - what I mean by this is an option where my money is kept idle without investing in any kind of financial instrument (stocks, bonds, other MFs, currencies, forex etc etc whatever).  Getting back to the real crux of your question, several other answers have already highlighted that you're looking for a money market fund.  These will likely be as close to cash as you will get in a retirement account for the reasons listed in @KentA's answer. Investing in short-term notes would also be another relatively low-risk alternative to a money market fund.  Again, this is low-risk, not no-risk. I wanted such kinda option because things may turn bad and I may want nothing invested in the stock markets/bond markets. I was thinking that if the market turns bear then I would move everything to cash Unless you have a the innate ability to perfectly time the market, you are better off keeping your investments where they are and riding out the bear market.  Cash does not generate dividends - most funds in a retirement account do.  Sure, you may have a paper loss of principle in a bear market, but this will go away once the market turns bull again.  Assuming you have a fairly long time before you retire, this should not concern you in the slightest. Again, I want to stress that market timing does not work.  Even the professionals, who get paid the big bucks to do this, on average, get it right as often as they get it wrong.  If you had this ability, you would not be asking financial questions on Stack Exchange, I can tell you that. I would recommend you read The Four Pillars of Investing, by William Bernstein.  He has a very no-nonsense approach to investing and retirement that would serve you (or anybody) well in turbulent financial markets.  His discussion on risk is especially applicable to your situation."


Limit orders are generally safer than market orders. Market orders take whatever most-favorable price is being offered. This can be especially dangerous in highly volatile stocks which have a significant spread between the bid and ask. That being said, you want to be very careful that you enter the price you intend into a limit order. It is better to be a bit slower at entering your orders than it is to make a terrible mistake like the one you mention in your question.


Try and bring with you a folder full of evidence about your skills and accomplishments, many of the top blue chip companies do what's called evidence-based interviewing and it means you provide evidence to back up your assertions about how great you are. So for example, the interviewer asks how you get on with your colleagues and you provide an email thanking you for being a great team player, or they ask you about research and you show them a piece of research you did. Of course this is harder when you go for your first job, but bring what you can. As an alternative and/or alongside this you can use stories (as someone else said) as a kind of evidence if you don't have any physical evidence. Your story should show systematically how you handled a situation to get a good outcome.  If they are a very conservative company they will want you to show that although you can kind of think outside the box, you are not prone to emotional reactions or knee-jerk responses and everything you do is carefully thought out and wouldn't bring them into disrepute if it got covered on the front page of a newspaper.  Good luck.


BlackHatGold is a forum for most webmasters and internet marketing experts know and follow all the latest Search Engine Optimization (SEO) techniques on the internet at BHG. Some of the topics discussed on BHG include but are not restricted to: If you want to know about black hat SEO, visit the blackhatseo forum.


I'm pretty sure employees were instructed to give loans to people who they knew would not be able to pay it back. [This](http://thinkprogress.org/economy/2011/12/01/379332/former-banker-subprime-pushed/) (about chase rather than BoA but still relevant) is just from a quick search but the key phrase is predatory lending. So they give out all these loans they knew were at risk and then packaged them up in investments that looked good from the outside but were rotten within. So from what I gather they basically double fucked both people who shouldn't have taken a loan, and then people who invested in whatever investment packages they were selling.   Now you know more about the technicalities of all this than I do, so let me ask. What is it that they *did* do that was unscrupulous?


Being from the UK, I'd not heard of a Roth IRA, but it sounds very similar to our own ISA (Individual Savings Account).  Having just looked it up, I couldn't believe the annual limit was so low: $5500!  Still, you have to work within your jurisdiction's legal framework (or agitate for change?). I would definitely agree with Ben Miller's answer: you need different savings buckets for the different savings objectives you'll have throughout the different periods of your life.  I, for instance, am now a parent of two young children.  I am fortunate to be able to provide for them on multiple levels: I hope that's of some help.


Yahoo provides dividend data from their Historical Prices section, and selecting Dividends Only, along with the dates you wish to return data for. Here is an example of BHP's dividends dating back to 1998. Further, you can download directly to *.csv format if you wish: http://real-chart.finance.yahoo.com/table.csv?s=BHP.AX&a=00&b=29&c=1988&d=06&e=6&f=2015&g=v&ignore=.csv


I worked for a major shoe retailer's e-commerce division.  Our return rate on shoes was nearly 70%. Shoe manufacturers do not size consistently, at almost any price point. Customers had no idea what their size was and would often order a size up and a size down, 3 pairs of shoes, and return all three.  They were unable to measure their feet, because there are really no standard measurements for feet.  We thought about a 3D scanner from feet, but customers would have to come into the store for that, then we'd have to scan every shoe.  Shoes can be high margin, but they are extremely expensive to sell online. There really is no silver bullet here - Foot Locker has nice stores and a great selection. They are cash positive and EBITDA profitable.  If AMZN cuts into any body's shoe business, my guess would be Walmart, Target, or TJMaxx.   IMO the biggest threat to Footlocker is just general death of the mall...but whatever model replaces malls could just as well have a FL.   I think the market has dramatically overreacted - this isn't sears. It's a profitable business that's missed earnings a couple quarters. I bought in and I am long.


Vacuum pumps are the most credible part of any vacuum system and for safe and efficient operation, the right vacuum traps and filters should be installed on the inlet and outlet of the vacuum pump. Proper maintenance of filters and traps can improve the life of the vacuum pump and minimize harmful emissions into the environment.


If he replaced 'our world' with 'I' the quote would make more sense. There are definitely many people who are still driven by logic and reasoning but they just don't need to spew it out their assholes all over social media to make a safe space.


Ok, let me break it down for you. If you post a comment saying something was terrible you better have factual evidence. Hence why that fool got the comment he did because he failed to back up his argument? Savvy?


"100% debt free is an objective. Being there is good, but as long as you have a plan to get there, are sticking to it and it's moving you towards it at a reasonable rate (e.g. ""I will be debt free by the end of 2011.""), you should be in good shape. It's when you don't ever expect to be debt free that you have a problem. Going into debt is one question and a very situation dependent one. Getting back out is another and a very easy one: pay off all debts as a fast as you reasonably can, starting with the highest interest ones. OTOH this doesn't imply that you should forgo every optional expense (including things like savings and entertainment) to pay off debts, that would be unreasonable, but just that paying down debts should always be considered when thinking about what to do with money."


I believe that your son will need to get a new loan for the car in his name only and use the proceeds of that loan to pay off the one you co-signed on.  The only way that will happen is if he can find a lender willing to loan him the money based on his credit only. From the current lender's perspective, if your son isn't a good credit risk, then why would they let someone out of the loan who might be able to pay if your son defaults?  If he is a good credit risk, then they, or someone else, should be willing to lend to him without you as co-signer. Also, as Dilip Sarwate mentioned, you might have to do something with the title, depending on whose name it is in.


There's no law that prohibits a US citizen or US LPR from holding an account abroad, at least in a country that's not subject to some sort of embargo, so I don't see how it could affect your wife's chances of getting US citizenship when she's eligible. As mentioned by other posters, you'll have to file FBAR if the money you have in all your accounts abroad exceeds $10k at any point of the year and if the account pays any interest, you'll have to tell the IRS about the interest paid and (if applicable) taxes you paid on the interest income abroad.


"So what is preventing people from racking up as much credit card debt as possible in cash advances or consumer goods or whatnot, and then walking away from it?  Then rinse and repeat once the debt is ""gone forever""?  It seems too good to be true - either there's something missing there, or people would be getting tens of thousands of dollars for free every half decade..."


Yes - it's called the rate of inflation. The rate of return over the rate of inflation is called the real rate of return.   So if a currency experiences a 2% rate of inflation, and your investment makes a 3% rate of return, your real rate of return is only 1%. One problem is that inflation is always backwards-looking, while investment returns are always forward-looking. There are ways to calculate an expected rate of inflation from foreign exchange futures and other market instruments, though. That said, when comparing investments, typically all investments are in the same currency, so the effect of inflation is the same, and inflation makes  no difference in a comparative analysis.  When comparing investments in different currencies, then the rate of inflation may become important.


> I didn't imply anything except what I said. It's not time now, it was time a long time ago.  Then you are explicitly saying it is to late. Which means the implication deduced earlier was correct. So, shut up.


The typical process is to look at the savings and see how many months it will take to break even on the closing costs. Since you've stated there are no costs, even 1/8% drop in rates is going to save you money. A savings of over 1.5% even on a sub 100K loan is nothing to ignore. You first year interest savings will exceed $1200. How many hours does it take you to earn that much money? (this is a rhetorical question, if that wasn't obvious)


Agreed.  But this isn't the fault of business.  You could argue that entrepreneurs are failing to some extent in figuring out how to take advantage of an overly-abundant but still somewhat valuable resource (low skilled labor).  However, with complex work rules, and laws that make it illegal to offer workers wages commensurate to their skill level, I think it the problem of unemployment is can be more correctly blamed on government.  Lack of education/skill translates to lower wages.  Having an artificial cut-off, making it illegal to hire low-skilled workers makes increased unemployment of low skilled workers inevitable.


That's a loaded question.  Economists can't even agree on an answer from a purely economic point of view.  I will say this...  I think that many people who are advocating radical cutbacks in spending (Republicans and Tea Partiers) are deluding themselves in two important ways:  1) That it's possible to balance the budget without raising revenues.  I don't think very many economists agree with this premise.  Even Paul Ryan's plan to balance the budget, should one take a hard look at the number, clearly show how impossible it is.  There would either have to be tax hikes **OR** we slash the military to a fraction of its size now **AND** leave no money for pretty much anything else (like roads, highways, air traffic control, food safety inspections, education, farm subsidies, oil subsidies, etc.).  2) More importantly, I think there is an implicit and fundamental belief among right-wingers that the world will somehow stop what it's doing while the US balances its budget.  The belief goes that, once we are fiscally healthy, we will remain a superpower and ruling the world like we have for 100 years.  This is fundamentally wrong.  I think most people, even Tea Partiers, fail to appreciate how fundamentally important America's debt has been to our history.  We have essentially borrowed our way into power.  Should the right win the day and put in place radical cuts in spending, America's economic, political, diplomatic, cultural, and military influence around the world will be among to go.  The dollar will nosedive and so will our standards of living.  Our GDP will not be able to support a a political economy that can maintain superpower status.  Now, I do not mean to say that I do not agree with the right.  From a purely economic point of view, they may very well be right.  I'm not even sure there is an option.  In fact, a part of me is ready to accept America becoming what France and the UK are now, still having relatively good standards of living but nowhere near the height of their historical powers.  Maybe the world will be better for it.  I just don't think Tea Partiers appreciate the ultimate result of what they want to see happen.


This isn't totally wrong- there are hedge funds that are long 150% of AUM and short 50%. However, Rentech has said that holding a position for 8 seconds is long for them, so that's not what they're doing. I'd assume the 4X leverage most just refers to option positions that have delta 4 on average. They also may be borrowing money, which they can probably do extremely cheaply since they have a 35 year track record showing they're essentially risk-free.


>If I have a 200-300 mile range EV, then the only time I ever have to worry about the inconvenience of charging up is on a cross country trip.  For the other 50 weeks of the year, I don't require the convenience of a gas station, other than to buy beer.   As long as you plan ahead... a lot of people like the feeling of security they get knowing they can pop into a nearby gas station on a whim & get max range in a few minutes. Until they can do this with EVs, it will be a significant disadvantage in their eyes over gas-powered.


If #2 is how it really worked I would approve.  In the real world, entities who have the money to purchase access have systems which are in a position to execute strategies which shave pennies of of people who want to make real trades. I want to sell for $61.15 and someone wants to buy for $61.10 and the HFT traders force both hands and make their money on that nickel in between us.


FYI: David Knopf is a graduate of Princeton with a BA in Econ. His parents are rich. Like totally fucking rich. You might do better. If your parents make less than $140k, tuition at Princeton is zero. Of course your chance of getting into Princeton, unless you are a legacy admission, or ace the SAT, is about zero. Better bone up on Algebra if you want to ace the SAT. And yes, you ARE a math person. Everyone is. It's just that nobody ever taught you right.  Forget about the CCNA or CCNP, that stuff will be obsolete before you would finish learning it. And even if you did, some H-1 visa immigrant will do the job for a quarter of what it would cost you to make a living.  I completely sympathize with your situation. I'm not going to pour out my life story, but I always thought I'd be a multimillionaire by the time I was 30. Instead, I have made choices that took a troublesome path, including depression and poverty. Even today I am suffering from choices I made (or avoided making) decades ago. BUT I am suffering only by OTHER people's standards. I don't regret the choices I made. I turned down fast money I could have made by exploiting people, it would have only cost me my soul. I have been exploited by other people, and it taught me the value of dealing with people who have ethics like my own. So ultimately, you have to admit to yourself, you are exactly where you need to be. You are struggling because what you want to do is hard. I am an artist too, and that is just about the hardest thing to do on this earth. If it was easy, anyone could do it. So don't despair, get busy. I remember when I lived in a slum, barely subsisting, but I had a sunny window and a table, I spent $2 on a cheap brush and a tube of black watercolor, and a $2 tablet of cheap watercolor paper. And I sat at that sunny table and made art that made me happy. Nobody but me has ever seen it. And for all the changes I have gone through in decades since, I would give almost anything to be living in abject poverty, sitting at that sunny window with that cheap paintbrush in hand again. [So I'll just leave you with this odd comic by Carol Lay, it's one of my all time favorites.](http://i.imgur.com/4XsDbnE.gif)


Your comment regarding your existing finances is very relevant and helpful. You need to understand that generally in personal finance circles, when a strong earning 22 year-old is looking for a loan it's usually a gross spending problem.   Their car costs $1,000 /month and their bar tabs are adding up so the only logical thing to do is get a loan.  Most 22-year-olds don't have a mortgage soaking up their income, or a newborn.   With all of this in mind I essentially agree with DStanley and, personally, and many people here would probably disagree, I'd stop the 401(K) contribution and use that money to pay the debt.  You're still very young from a retirement standpoint, let the current balance ride and forego the match until the debt is paid.  I think this is more about being debt free at 22 quickly than it's about how much marginal money could be saved via 401(k) or personal loan or this strategy or that strategy.  I think at your age, you'll benefit greatly from simply being debt free. There are other very good answers on this site and other places regarding the pitfalls of a 401(k) loan.  The most serious of which is that you have an extremely limited time to pay the entire loan upon leaving the company.  Failure to repay in that situation incurs tax liability and penalties.   From my quick math, assuming your contribution is 8% of $70,000 /year, you're contributing something in the neighborhood of $460/month to your 401(k).  If you stopped contributing you'd probably take home a high $300 number net of taxes.  It'll take around 20 months to pay the loan off using this contribution money without considering your existing payments, in total you're probably looking at closer to 15 months.  You'll give up something in the neighborhood of $3,500 in match funds over the repayment time.   But again, you're 22, you'll resume your contributions at 24; still WAY ahead of most people from a retirement savings standpoint.  I don't think my first retirement dollar was contributed until I was about 29.  Sure, retirement savings is important, but if you've already started at age 22 you're probably going to end up way ahead of most either way.  When you're 60 you're probably not going to bemoan giving up a few grand of employer match in your 20s. That's what I would do. Edit: I actually like stannius's suggestion in the comments below.  IF there's enough vested in your plan that is also available for withdrawal that you could just scoop $6,500 out of your 401(k) net of the 10% penalty and federal and state taxes (which would be on the full amount) to pay the debt, I'd consider that instead of stopping the prospective contributions.  That way you could continue your contributions and receive the match contributions on a prospective basis.  I doubt this is a legitimate option because it's very common for employers to restrict or forbid withdrawal of employee and/or employer contributions made during your employment, but it would be worth looking in to.


Well from that perspective nothing is legal.  The legal team we had were not stupid.  They put it right in the job description that they had to be Christians because there is a solid history of similar cases that the employers have won.  This is the only way in which the company would have been this brazen.  They put a big bulls eye on themselves by doing this and no one has sued because other lawyers also know the case history.  Unfortunately I do not know the case history as I'm not a lawyer.


yeah no worries, it's tough right, because uber provides an incredibly valuable service, but i'm amazed at how they're able to get away with not vetting their drivers, but at the same time that sort of lack of regulation is what allowed them to expand so rapidly and provide a (usually good) service. Austin TX banned uber and drunk driving rates went up - (https://fee.org/articles/without-uber-or-lyft-austin-experiences-skyrocketing-dui-rates/)  Clearly this needs to be worked out, and it's been pretty clear that the management at uber has been incapable of making mature decisions in a lot of areas, but it's also a positive disrupter because it allows a lot of people who are between jobs or out of work to be able to continue to bring in an income without being beholden to the cab companies that hold the medallions and charge the drivers for use of the cars and licensing.  I don't know the answer, I think that by providing the matchmaking service there is a level of accountability that is required for uber's vetting of drivers that hasn't yet been reached, but at the same time I think that the primary burden of liability should fall on the drivers themselves unless there's a reorganization and the drivers become employees instead of contractors.


It can be. The problem is that the poor performers either are good at playing the game, or are yes-men to the idea of all of the layers of bureaucracy. Some corporations have high levels of backstabbing and the backstabbers don't like it when you risk messing up their cushy desk jobs that pay $20+/hr


Yep, IMO level 1 is vastly underrated.  At 8 amps, I can charge at about 3mph.  At 12 amps it's about 4.5mph.  If I can plug my car at work into a plain old 15 amp outlet for 8 hours, I'll add between 24 and 36 miles of range to my battery.  For most people, that's more than their one way drive into work.  So if I leave my house with a full charge, I'll leave work with a full charge too.  The primary advantage is that it doesn't cost much to install a couple dozen electrical outlets in a parking lot.  BYO charge cable.  I travel frequently, and I would love to see more outlets in hotel parking lots and parking garages.


Personally, I have entry and exit signal generating functions, which also have sizing, stop and target functions...  E.g. based on some entry you have an optimal bet, take profit and stop loss.  Algorithmic execution is generally used for large orders to prevent walking the book.


The issue is online stores driving prices down and that drives down revenue and more importantly profit.  The most effective way to cut costs is to cut wages and that leaves uneducated and under-qualified employees at a retail establishment.   The business model simply cannot be sustained.   Walmart has it right.  Leave everything to the consumer to decide and neglect to give them assistance.  Until a sales associate earns more than their wage in profit, they are losing the company money (assuming their only job is to sell).  Electronics sales has very little profit outside of the extra items such as cables, cases, protection plans, etc. So they really have to be a professional sales associate to be valuable.  Professionals cost money and become the managers (or more) which brings us back to the uneducated and under-qualified associates that walk the floors.


Cute conspiratorial story.  A cabal of evil grocery store owners set up a sprawling and risky supply chain overseas so they can pay more for their products for the express purpose of paying their employees market wages for their labor?  Grocery store workers are not underpaid.  If they were, they could walk across the street and make more money at a competitor.  So if the profit margins are fat on the supplier side, somehow competition would come in there either?  You can't have it both ways.  The vast majority of food products sold in grocery stores in North America are grown, manufactured and sold right here in North America.  There's no way to explain it away - the grocery store market is viciously competitive and profit margins are slim.


Are you serious?   Voting for more social services for poor people hurts those with money by either raising their tax burden and/or reducing government expenditures that would have otherwise directly benefited them.   By giving blacks the vote, the white population's votes by definition carry less weight. Thus they've hurt their own ability to influence government.  I hope you can see the list goes on.


WP7 was indeed a totally new OS. There is nothing it has in common with the desktop Win7. In Win8 they're trying to merge desktop and mobile, but WP8 will still be an entirely new interface for most users.   > You want you OS to feel familiar and comfy, not different on every device.   From a consumer's point of view, that's perfectly true. One of the biggest frustrations with Android is the lack of updates. However, from the manufacturer's point of view a platform-wide homogenous experience is a bad thing. How can a Samsung differentiate itself from an HTC if not for the UX? Hardware quality does play a role but it isn't as in-your-face and easily sellable as the UX. This is one reason why manufacturers other than Nokia aren't pushing WP7 as aggressively as they push Android.  MSFT is betting the company on the Win8/WP8/Metro combination, and I agree that this combination can be lethal to competitors. But the only way they can do it is by going vertical and manufacturing their own devices.


Wages were not what did Circuit City in that is a very bold assumption. I would say the saturation of the electronics market and the failing (at the time) carmax was the beginning of the end. Not to mention the failed Canada expansion project.


"I think that ""better"" is up to a discussion, but the difference is that while in trust you can control the money after your death in some way - giving it directly to children means you have no such control. I.e.: in trust you can stipulate that the children will be able to spend the money under certain terms or in certain ways (for example - for college, only after getting married, no more than 10% of the value a year, etc), giving their names as the beneficiaries means that they get the money and can do with it whatever they please. BTW: ""Minor"" has nothing to do with it. They don't have to be minors, or your children at all."


Shit happens, even to the most senior in their field. It was not intentional nor malicious, so, no problem for the client. Don't make it a bigger deal than it really is and don't beat yourself up. We're all human.


If it's not the classic scam described in Daniel Anderson's answer, then it's probably money laundering. In that case, the woman would actually wire you money, which you have to wire to someone else she names. This is done to enter illegally gained money into the regular money circulation, hiding the trail. If this is the case, you would have to do many transfers, and the woman might actually pay you for performing this service. And then, one day, when the FBI/police busts some people and follows the illegal money trail they'll end up at your dad. Or rather, at you, because the account is in your name. And then you'll have a lot of explaining to do and a lot of time in jail to think about what a bad idea this was. See this question for an example of this. This answer also touches on the subject. Close the account, and run away from this. No good will come of it. It's very simple: if someone you don't know (or sometimes, you do know) contacts you and offers you easy money, they are getting something out of it at your expense. Period. It might be a scam where they somehow end up with the money, or you might be doing something illegal for them, but it always benefits them, not you. As a final thought, you also write: I had to get the bank account in my name because my dad has bad notices on his records for falling for fraud traps ... What makes you think this time it will be different? Think carefully, because the bank account is in your name! So when the shit hits the fan, it's you who's in trouble.


An index fund is inherently diversified across its index -- no one stock will either make or break the results. In that case it's a matter of picking the index(es) you want to put the money into. ETFs do permit smaller initial purchases, which would let you do a reasonable mix of sectors. (That seems to be the one advantage of ETFs over traditional funds...?)


"There is no simple rule like ""you can/can't spend more/less than $X per person."" Instead there is a reasonableness test. There is such a thing as an audit of just your travel and entertainment expenses - I know because I've had one for my Ontario corporation. I've deducted company Christmas parties, and going-away dinners for departing employees, without incident. (You know, I presume, about only deducting half of certain expenses?) If the reason for the entertainment is to acquire or keep either employees or clients, there shouldn't be a problem.  Things are slightly trickier with very small companies. Microsoft can send an entire team to Hawaii, with their families, as a reward at the end of a tough project, and deduct it. You probably can't send yourself as a similar reward. If your party is strictly for your neighbours, personal friends, and close family, with no clients, potential clients, employees, potential employees, suppliers, or potential suppliers in attendance, then no, don't deduct it. If you imagine yourself telling an auditor why you threw the party and why the business funded it, you'll know whether it's ok to do it or not."


"First, I would recommend getting rid of this ridiculous debt, or remember this day and this answer, ""you will be living this way for many years to come and maybe worse, no/not enough retirement"".  Hold off on any retirement savings right now so that the money can be used to crush this debt. Without knowing all of your specifics (health insurance deductions, etc.) and without any retirement contribution, given $190,000 you should probably be taking home around $12,000 per month total.  Assuming a $2,000 mortgage payment (30 year term), that is $10,000 left per month.  If you were serious about paying this off, you could easily live off of $3,000 per month (probably less) and have $7,000 left to throw at the student loan debt.  This assumes that you haven't financed automobiles, especially expensive ones or have other significant debt payments. That's around 3 years until the entire $300,000 is paid! I have personally used and endorse the snowball method (pay off smallest to largest regardless of interest rate), though I did adjust it slightly to pay off some debts first that had a very high monthly payment so that I would then have this large payment to throw at the next debt. After the debt is gone, you now have the extra $7,000 per month (probably more if you get raises, bonuses etc.) to enjoy and start saving for retirement and kid's college.  You may have 20-25 years to save for retirement; at $4,000 per month that's $1 million in just savings, not including the growth (with moderate growth this could easily double or more).  You'll also have about 14 years to save for college for this one kid; at $1,500 per month that's $250,000 (not including investment growth). This is probably overkill for one kid, so adjust accordingly. Then there's at least $1,500 per month left to pay off the mortgage in less than half the time of the original term! So in this scenario, conservatively you might have: Obviously I don't know your financials or circumstances, so build a good budget and play with the numbers.  If you sacrifice for a short time you'll be way better off, trust me from experience. As a side note:  Assuming the loan debt is 50/50 you and your husband, you made a good investment and he made a poor one.  Unless he is a public defender or charity attorney, why is he making $60,000 when you are both attorneys and both have huge student loan debt?  If it were me, I would consider a job change.  At least until the debt was cleaned up.  If he can make $100,000 to $130,000 or more, then your debt may be gone in under 2 years!  Then he can go back to the charity gig."


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I think moreso that advertisers want to be the one that stands out, and as soon as one cranks up the volume they all feel they have to follow suit.  I don't know if studies say a louder commercial gets more attention.


Sure, they put millions into developing it, but how much value would you assign information passed between two parties if no money changed hands afterwards? How would you concretely define the transaction in court? Especially since the substance of the information itself is completely unverified!  > That is uncertain.  All of these allegations are uncertain! There's no evidence, (edit) no (\edit) concrete foundation to any of it. He spent 20 minutes in a room with a Russian.  > He did demonstrate an intent to get that thing  What he demonstrated was the desire of any campaign employee, to gather opposition research.  What concrete value does a piece of information have, however potentially damaging, if it goes unused?  Between the gathering of the information and its use, there is an approval process that must be undergone to determine whether the information should be used passed. What evidence do you have that information was passed, that it cleared Trumps desk, and was used?   For that matter, what evidence exists that Don Jr isn't telling the truth about what was discussed? That the lawyer did want to speak only about adoption law? She was an assistant DA for crying out loud. High government secrets are simply not within her scope.  The media has had a continuous stream of consciousness about Trump from the start. First he's a robber barron, then he's a baffoon, then he's a racist, next he's a tyrant, then he's a spy, now he's a racist again. Their story's changed so many times it's impossible to keep proper track.


Anecdotal evidence, but my company is trying to fill four electronic assembly positions in North East Ohio. We are literally in the backyard of Delphi and GM. We are paying 18-25 dollars an hour with only minimal experience required, full benefits, full time with overtime available.  We cannot fill them, plenty of interviews, plenty of people we make contingent offers to, but they all no show or fail the pee test. Its insanity.


"Most of what other ppl are suggesting can be be filed under ""be a good employee"" which it sounds like you already kind of are as a waitress which is why he asked you to interview with him.  Things that are maybe more specific to the finance world that can help you out would be more helpful for you. A huge thing I've seen that assistants can do that can be very helpful is to help their boss catch things they may otherwise be too busy to catch themselves. If you can save your boss an hour or two and get him the information he needs to make a more informed decision yourself you will find yourself an invaluable member of the team.  Maybe you can suggest the following plan in the interview:  - See if you can figure out what types of investments they make and what they specialize in (PM me if you want don't want to share the company name here and I can maybe help you figure that part out) - Set up Google Alerts for anything and everything that might be of interest to the firm. Maybe he invests in certain industry verticals and needs to follow all the trends in that industry very closely. Maybe he handles a specific customer and needs to know anything that might affect their positions in the market. You won't really know any of these details before you get the job but asking the right questions in the interview can show that you are taking an initiative. - Spend an hour or two in the morning (before markets open preferably) preparing a ""Things to Watch"" memo based on his meetings for the day, funds/companies he might be investing in, or general macrofinance trends that he will need to watch out for potentially. This should include things like earnings calls coming up, news announcements, changes in important market indicators, or new reports from market movers (like [Bridgewater's Daily Observations](https://www.bridgewater.com/research-library/daily-observations/)). The goal is to make it so he doesn't have to spend too much time researching these things himself but obviously if he wants to he will have to read up on it himself - you should just give him the ""big picture thesis"" of what's going on and he can take it from there. - Talk a lot about optimization. My personal goal for myself is to take everything I spend any amount of time on and automate it by one order of magnitude. If something takes me 2 days to do, it should only take me 2 hours. If something takes me 2 hours, it should only take me 2 minutes. That way my work gets easier over time and lets me focus on new things that I haven't figured out yet. If you talk about that in the interview I'm sure he'd love to have you help him make his life easier!"


Your question contains two different concepts: fractional reserve banking and debt-based money.  When thinking of these two things I think it is important to analyze these items separately before trying to understand how the whole system works. Fractional Reserve Banking As others have pointed out fractional reserve banking is not a ponzi scheme.  It can be fraudulent, however.  If a bank tells all its depositors that they can withdrawal their money at any time (i.e. on demand) and the bank then proceeds to loan out some portion of the depositors' money then the bank has committed fraud since there is no way they could honor the depositors' requests for their money if many of them came for their money at one time.  This is true regardless of what type of money is deposited - dollars, gold, etc..  This is how most modern banks operate. Debt-based money Historically, the Fed would introduce new money by buying US Treasuries.  This means Federal Reserve Notes (FRN) are backed by US Treasuries.  I agree that this seems strange.  Does this mean if I take my FRNs to the Fed I could redeem them for US Treasuries?  But US Treasuries are promises to pay FRNs in the future.  This makes my head hurt.  Reminds me of the definition for recursion: see recursion. Here is an experiment.  What if we wanted to recreate FRNs today and none existed?  The US government would offer a note to pay 100 FRNs in one year and pay 5% interest on the note.  The Fed would print up its first 100 FRNs to buy the note from the US government.  The US government would spend the FRNs.  The first 100 FRNs have now entered into circulation.  At the end of the note's term the Fed should have 105 FRNs since the government agreed to pay 5% interest on the note.  But how is the US government going to pay the interest and principal on the note when only 100 FRNs exist?  I think this is the central point to your question.   I can come up with only two answers: 1) the Fed must purchase some assets that are not debt based 2) the US government must continue to issue debt that is purchased by newly printed FRNs in order to pay back older debt and interest.  This is a ponzi scheme. The record debt levels seem to indicate the ponzi scheme option was chosen.


The dividend tax credit is not applicable to foreign dividend income, so you would be taxed fully on every dollar of that income. When you sell a stock, there will be a capital gain or capital loss depending on if it gained or lost value, after accounting for the Adjusted Cost Base. You only pay income tax on half of the amount earned through capital gains, and if you have losses, you can use them to offset other investments that had capital gains (or carry forward to offset gains in the future).  The dividends from US stocks are subject to a 15% withholding tax that gets paid to the IRS automatically when the dividends are issued. If the stocks are held in an RRSP, they are exempt from the withholding tax. If held in a non-registered account, you can be reimbursed for the tax by claiming the foreign tax credit that you linked to. If held in a TFSA or RESP, the withholding tax cannot be recovered. Also, if you are not directly holding the stocks, and instead buy a mutual fund or ETF that directly holds the stocks, then the RRSP exemption no longer applies, but the foreign tax credit is still claimable for a non-registered account. If the mutual fund or ETF does not directly hold stocks, and instead holds one or more ETFs, there is no way to recover the withholding tax in any type of account.


"I think a lot of this goes to the short-sightedness of the government that was in place at the time of the first default. They caused it, and their attempt at cleaning things up just kicked the can down the road. If they would have added in a ""class action"" clause that most bonds now have, what they settled with a majority would apply to all bond-holders.   What they did was the opposite: added in a clause in which the low-water mark was set by the deal that was least favourable for them. It was probably a misguided attempt at assuaging the markets with the consequences we now see..."


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Also - the more credit facilities you have, the risikier you get. Say Company A lends you $8.000 for a down-payment - let's say you then go out and max out your other 100k facilities - you now have debt of 108k. What guarantee does the Company A have of repayment? Fewer credit facilities = better chance of getting a new loan.


"Realistically, fair is whatever you all mutually agree upon. Some people can do means based splits, some people can't. My recommendation is to split things evenly, based on actual used space or usage. Do you have a 2BR with similarly sized rooms? Break it up by room, so in this case your GF and you pay 50% and the other person pays 50%. Maybe there's a garage or one BR is bigger. I've seen splits not 50-50 based on these factors. You may consider paying a third all around for rent but I would try to avoid solutions that are not usage based. If you don't and try for a ""means"" based split, best case scenario is nothing really is different. But the worst case scenario is setting yourself up to be taken advantage of - because you are effectively subsidizing other people, this often changes relationships. Not always, but often. Frankly, the best option here is to find a place that is more affordable for everyone. Trying to make it so that your GF and roommate are not going to be in a difficult financial place by living with you, it resolves all the problems here."


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> Perhaps Western Europe should take responsibility for the shit they started in the first place when they proposed that trade pact with the Ukraine.  I saw one (1) Reuters article where they sort of admitted that they sort of messed up and that's the last thing I saw of it. I should have bookmarked that as articles covering that are as scarce as hen's teeth.


Hi LY,  It's really great you are doing this and I hope some of the suggestions help you.   When I was in wonderful Angkor Wat a few things struck me as very helpful   1. Make your Tuk Tuk recognizable and write you name somewhere, this way when I go out of a temple you will be easy to spot  2. You seem to speak English well this is an important aspect your customers will really appreciate  3. From what I've seen the methods for getting customers for your Tuk Tuk in Siem Reap is as follows: Get them when they get off the bus and drive them to the hotel, then try to tell them to invite you back the next day for taking them to Angkor Wat. I am sure this works but since everybody are doing it I imagine it's the hardest way for customer acquisition. You can distinguish yourself from the other drivers by:   a. Making sure you show the customers you have excellent English and you can share you knowledge with them   b. Sell western style, kind of less pushy, smile at a potential customer when they see you they will smile back. Talk to them in your normal voice volume this will make them come closer since they want to hear what a nice smiling guy like is saying.  Then explain their options for visiting the temples.    4. Make deals with hotels and hostels. People trust the receptionists at their hotel more than street Tuk Tuks. It is highly likely they will ask the reception for the best way to get to Angkor Wat and you should be the one they recommend. Try getting on as many lists as possible and high up that list as possible.   5. Having cold water, wet wipes and other commodities are nice ideas but I am not sure this will what get people IN your Tuk Tuk. It will only make them more satisfied once they are inside. It might be to hard and expensive to keep them ice cold but you can suggest travelers to stop at a kiosk where they can but some supplies before the trip. Or make a deal with a kiosk and before you exit Siem Reap stop there and give them a fresh water bottle from the fridge.  Most importantly don't spend money on stuff like mufflers and curtains before you are sure they are money makers. I am pretty sure 99% of customers will not notice they extended mufflers. They take fresh air for granted.    I hope you found this helpful and please feel free to message me.  Hope to see you soon!


Sounds like he's just had the theory playing in his head since someone told him they did that instead of just purchasing it and going in to payments.  Perhaps I need to sit down and calculate it for my clueless self.


If anyone offers you guaranteed better than average returns, run. They are either lying to you or to themselves. (Claiming that they will try to beat the market is more credible, but that becomes a matter of whether there is any reason to believe that they'll succeed.) If anyone sends you an unsolicited stock tip, run. They wouldn't be doing so if it wasn't an attempt to manipulate you or the market or both. Most likely its a pump-and-dump attempt.


Yeah that is definitely the venue. I worked for a concert promoter that used Ticketfly. Unless they've completely changed their fee structure over the past year and a half a $20 ticket would have roughly a $5 service fee. The only reason I could think of it being that high is it being a big venue and their facility fee being high


Phone conversations are useless if the company is uncooperative, you must take it into the written word so it can be documented.  Sent them certified letters and keep copies of everything you send and any written responses from the company.  This is how you will get actual action.


They could if they wanted. It's of course illegal to do if you didn't authorize it, and to process credit cards, they need to have a relationship with a credit card processing company, which is not so easy to fake - not any Joe could do that using a fake ID. Note that you are protected through your credit card company; if you tell them it's an unauthorized charge, they'll return it to you without discussion. It is then the vendor's duty to prove that it was authorized, and if he cannot, he'll pay extra fees to the processing company. Overall, the risk is very small; it shouldn't be your worry.


"You don't want to do that. DON'T LIE TO THE IRS!!! We live overseas as well and have researched this extensively. You cannot make $50k overseas and then say you only made $45k to put $5k into retirement.  I have heard from some accountants and tax attorneys who interpret the law as saying that the IRS considers Foreign Earned Income as NOT being compensation when computing IRA contribution limits, regardless of whether or not you exclude it. Publication 590-A What is Compensation (scroll down a little to the ""What Is Not Compensation"" section). Those professionals say that any amounts you CAN exclude, not just ones you actually do exclude. Then there are others that say the 'can' is not implied. So be careful trying to use any foreign-earned income to qualify for retirement contributions. I haven't ran across anyone yet who has gotten caught doing it and paid the price, but that doesn't mean they aren't out there. AN ALTERNATIVE IN CERTAIN CASES: There are two things you can do that we have found to have some sort of taxable income that is preferably not foreign so that you can contribute to a retirement account. We do this by using capital gains from investments as income. Since our AGI is always zero, we pay no short or long term capital gains taxes (as long as we keep short term capital gains lower than $45k)  Another way to contribute to a Roth IRA when you have no income is to do an IRA Rollover. Of course, you need money in a tax-deferred account to do this, but this is how it works: I always recommend those who have tax-deferred IRA's and no AGI due to the FEIE to roll over as much as they can every year to a Roth IRA. That really is tax free money. The only tax you'll pay on that money is sales tax when you SPEND IT!! =)"


Your insight front the meeting is interesting. It's a single data point but likely representative.  The hive clearly find your post self engrandizing and down votes ensue.   While I enjoy stories of companies self emulating, the successful pivots are my favorite


Can you give more detail on the problem? If you can model it with a one step binomial tree, then the price is favourable as long as the chance to multiply is P(S^1 = 10 S^0 ) > 0.1.  If you don't know the probabilities, then the usual go-to is to determine what probability space is that would lead to an expected profit (plus an error, and a cushion for risk aversion if the bet is sufficiently large).


"Condensed to the essence: if you can reliably get more income from investing the cost of the house than the mortgage is costing you, this is the safest leveraged investment you'll ever make. There's some risk, of course, but there is risk in any financial decision. Taking the mortgage also leaves you with far greater flexibility than if you become ""house- rich but cash-poor"". (Note that you probably shouldn't be buying at all if you may need geographic flexibility in the next five years or so; that's another part of the liquidity issue.) Also, it doesn't have to be either/or. I borrowed half and paid the rest in cash, though I could have taken either extreme, because that was the balance of certainty vs.risk that I was comfortable with. I also took a shorter mortgage than I might have, again trading off risk and return; I decided I would rather have the house paid off at about the same time that I retire."


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You can buy DIY will kits from office supply shopes like Staples or specialized publishers like Nolo or Quicken. The most important factor for you to consider will be the witness rules in your state to ensure the validity of your will later. Nolo has a lot of good information in this regard. Hopefully this is helpful :)


"The statement can be true, but isn't a general rule. Crashes and recessions are two different things. A crash is when the market rapidly revalues something when prices are out of equilibrium, whether it be stocks, a commodity or even a service.  When the internet was new, nobody knew how to design webpages, so web page designers were in huge demand and commanded insane price premiums. I literally had college classmates billing real companies $200+/hr for marginal web skills. Eventually, the market ""clued up"" and that industry collapsed overnight. Another example of a crash from the supply point of view was the discovery of silver in the western US during the 19th century -- these discoveries increased the supply of the commodity to the point that silver coin eroded in value and devastated small family farms, who mostly dealt in silver currency. Recessions are often linked to crashes, but you don't need a crash to have a recession. Basically, during a recession, trade and industrial activity drop. The economy operates in cycles, and the euphoria and over-optimistic projections of a growing or booming economy lead to periods of reduced growth where the economy essentially reorganizes itself. Capital is a (if not the) key element of the economic cycle -- it's a catalyst that makes things happen. Debt is one form of capital -- it's not good, not bad. Generally cheap capital (ie. low interest rates) bring economic growth. Why? If I can borrow at 4%, I can then perform some sort of economic activity (bake bread, make computers, assemble cars, etc) that will earn myself 6, 8 or 10% on the dollar. When interest rates go up, economic activity slows, because the higher cost of credit increases the risk of losing money on an investment. The downside of cheap capital is that risk taking gets too easy and you can run into situations like the $2M ranch houses in California. The downside of expensive/tight capital is that it gets harder for businesses to operate and economic activity slows down. The effects of either extreme cascade and snowball."


"I am not referring to grafting... grafting does not even modify genes in any way, all it does is make a single-use plant that has two different fruits growing on it.   I am referring to human-guided pollination and human-guided hybridization to encourage selective traits, something that botanists and farmers have been doing for thousands of years, long before genes were even known to exist.   Every single apple commercially sold is a result of human-guided evolution, there are no ""virgin varieties"" anymore and haven't been for hundreds of years. The same is true of bananas and cotton and many other cash crops.   The difference between human-guided evolution thousands of years ago is not safety - any single plant hybrid created by traditional means could just as easily be the ""apocalypse crop"" as one created with modern gene manipulation methods. In fact, modern gene manipulation methods are FAR SAFER as one can computer model the expected outcome of what is going to happen, instead of simply crossing your fingers and hoping for the best.      And part of participating in organic food production is a discontinuation of petrochemical fertilizer. Yes, we use vast amounts of petroleum product to fertilize farmland. If you want to reduce our reliance on fossil fuels, organic production is part of that.   Actually studies show that the incredibly reduced yields and efficiencies resulting from organic farming INCREASE the carbon footprint of organic crops, and that organic is actually the most environmentally un-friendly way to farm... so you're dead wrong. http://appliedmythology.blogspot.ca/2013/04/six-reasons-organic-is-not-most.html"


You may have to ask each tenant to provide copies of bank statements or copied of deposited checks indicating what was paid, to whom and when. Using a spreadsheet is a good idea. It doesn't have to be complicated. If everyone co-operates then this exercise might not be too much of a hassle. But if anyone is combative or unwilling to produce these records, I would recommend reminding them that their other choice is to take each other to court where these records would be required anyway - or face eviction if the landlord doesn't get paid.


Unless your investments are held within a special tax-free account, then every sale transaction is a taxable event, meaning a gain or loss (capital gain/loss or income gain/loss, depending on various circumstances) is calculated at that moment in time. Gains may also accrue on unrealized amounts at year-end, for specific items [in general in the US, gains do not accrue at year-end for most things]. Moving cash that you have received from selling investments, from your brokerage account to your checking account, has no impact from a tax perspective.


"During GM's Chapter 11 reorganization in 2009, a new company was formed, with new stock.  The old General Motors Corporation was renamed to ""Motors Liquidation Company,"" and the new company was named ""General Motors Company.""  The new company purchased some of the assets from the old company, and the old company was left to sell off the remaining assets and settle the debts. None of the stock transferred from the old company to the new one; if you were a GM stockholder of the old company and didn't sell, it is now worthless. When the new company formed, the stock was not traded publicly.  The company was primarily owned by the United States and Canadian governments; together, they owned 72.5%.  In 2010, GM had an IPO, and the US government sold most of their stake.  By the end of 2013, the US government sold the remaining stake; the government no longer has any ownership in GM. When we talk about voting rights for stockholders, we are mainly talking about voting for the members of the board of directors.  And yes, the government did indeed have a hand in selecting the board of the new company.  The Treasury Department selected 10 members of the board, and the Canadian government selected 1 member.  There were 19 board members total. (Source) Unlike some companies, there are not ""voting"" and ""non-voting"" classes of GM stock.  All the shares sold by the US government are voting shares. Additional Sources:"


It's three and four times what it was just a few years ago.  That spike has regularly been blamed on refining capacity.  There is a disconnect.  Also, you cannot compare with the rest of the world unless you're going to break down cost, taxes, etc.


Ebates is great for getting a little extra discount once you find what you are looking for.  You can usually get about 2%-4% off from places like Dell, Staples, Home Depot, etc. What I do is do my research/shopping first and then add the item to the cart, then head over to Ebates and click through back to the store I was just on, and then purchase the item.  Ebates will track the purchase and send you a check about once every 3 months.  It is not much and not reflected in the price immediately but still it is a savings of some sort.


I’ve explained a lot of shit to you, and you don’t want to understand it because it hurts your worldview.  I’ve given you a shitload of data to go off.  You can even look at pew world surveys and Trump approval globally.   http://www.pewglobal.org/2017/06/26/u-s-image-suffers-as-publics-around-world-question-trumps-leadership/  How do you think those opinions impact people choice of where they want to go for vacation.  I don’t want to go to Russia, North Korea or Venezuela, because of their political situation.  It’s a similar case for people who might’ve come here, but won’t because of things like the travel ban.    25% of our tourists come from Mexico alone every year.  Do you think they want to come to Trumpland?      You have to connect the dots.  I told you I’m not going to hold your hand.  I’ve done enough.  If you don’t understand this shit, then stop voting for people like Trump and remove yourself from our political situation because you’re clearly unqualified to make an educated decision


If I recall correctly, the pay schedule is such that you initially pay mostly interest.  As James Roth suggests, look at the terms of the loan, specifically the payment schedule.  It should detail how much is being applied to interest and how much to the actual balance.


Will I have to pay Income Tax/Capital Gain Tax in India for the full amount or 50% of the amount. Assuming you were the owner of the plot, you have to pay capital gains tax on the full amount. Current at 10% without indexation and 20% with indexation. Rest of amount will be used to purchase property in India. If you are re-investing the money into capital assets, you are not liable to pay Capital Gains for the amount invested. This is applicable only for first 2 houses. Consult a CA. What is the procedure to transferring the money to him. What declaration in have to give to the Bank (any Forms to fill) Under the liberalized remittance scheme you can transfer upto USD 1 Million per year. A CA certificate is required declaring the purpose and giving certificate that taxes are paid. Please contact your Bank or CA to guide further.


Simply NO, you can NOT be put in prison for unpaid debt in America!! However, if you commit a crime to earn wealth, you can be put in prison for that.