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12712

"John Robbins is an idiot. Hamed Hoshyarsar has no idea what he's doing. >""Hey, I'm going to throw money I can't afford to lose into something I know nothing about."" Someone needs to take their money before they hurt themselves with it."

12729

No, you can't claim personal expenses as business expenses. What is the alternative to paying someone to do your chores? Letting the chores go undone. How does it affect your business if your household chores go undone? It doesn't; it only affects your personal life--that's why they are personal expenses.

12740

Technically, the difference between dividends and growth ought to be that dividends can be reinvested in stocks other than the one that paid them, which is a definite advantage if you actually have a strategy. Dividend -paying stocks used to be preferred for exactly that reason, back in the days when fewer people were directly playing in the market and more knew what they were doing. Unfortunately, getting a periodic dividend from a stock whose price is relatively steady isn't as exciting a game as watching your stock's value bounce around and (hopefully) creep upward on a second-by-second basis. Those who are thinking in gambling terms rather than investment terms -- or who think they can beat the pros at high frequency trading, comment withheld -- want the latter, and have been putting a lot of pressure on companies to operate in the latter mode. That doesn't make it better -- certainly not for the longer-term investors -- just more fashionable. And fashion often means getting stuck with something impractical because everyone else is doing it. On this, I second Scrooge: Humbug!

12746

Among the other fine answers, you might also consider that owning a vehicle outright will free you from the requirement to carry insurance on the vehicle (you must still carry insurance on yourself in most states).

12749

Is he? Specifically relating to his comment on tech / programming firms; good ones hire you for your problem solving abilities, your networking skills, or so-forth. They don't want to hire a tool for one specific problem if they can hire one that fits many. This mentality fits many other trades. Why hire a tradesman for your company who has 5 - 10 years of experience of roofing and only roofing, when you can hire one with 3 years experience of roofing, plus 6 years in various other areas? What happens when you don't have a roofing job for 2 months, and the specialist roofer needs training or instruction? This isn't distilling personality and reward out of the workforce, it's gathering assets that are useful in an ever-changing environment.

12757

"Absolutely no conditions. The central bank just uses the money as if it were real money, which is technically becomes. They just simply buy financial products. It's as if I had a printing press in my basement. I would just print the cash, then walk into a store and buy some products. Anyone with half a brain can obviously see that this is not a solution, but a temporary band-aid with devastating consequences. I believe there are three types of people involved here. People who don't understand what's going on (most people), people who understand it and are OK with the obvious fraud, inflation, and wealth re-distribution which benefits the 1%, or people who are against it and actively seek to abolish central banks. We're the ones the media calls ""crazy"". You'd be surprised at how many people understand it and still advocate it. If you'd like to read a book about this topic and the other horrible practices of today's major central banks, read ""[End the Fed](http://www.amazon.com/End-Fed-Ron-Paul/dp/0446549193)"" by Ron Paul."

12779

Depending on the structure of you're portfolio, it could be that your portfolio is delta neutral to take advantage of diminishing time value on options, short straddles/strangles would be an example.

12781

"The most important thing to look at is the FDIC insurance. Savings accounts are covered. Money markets - not necessarily. Online savings accounts provide rates of ~1%. Look at American Express, Ally, Capitol One, ING Direct, E*Trade, etc. The ""pledge"" basically brings EverBank into the same list, as they all have similar rates. Being top 5% of competitive accounts is not that hard, because there are thousands of banks around, you know. 0.76 is not the highest rate available. American Express currently give 1% on their savings account. Re moving the money a lot - depends on the amounts, but when the rates were higher, I moved around a lot. Now, it just doesn't worth the trouble, although I would move for 0.25%."

12782

Your question may have another clue. You are bullish regarding the real estate market. Is that for your city, your state, your nation or for the whole world? Unless you can identify particular properties or neighborhoods that are expected to be better than the average return for your expected bull market in real estate, you will be taking a huge risk. It would be the same as believing that stocks are about to enter a bull market, but then wanting to put 50% of your wealth on one stock. The YTD for the DOW is ~+7%, yet 13 of the 30 have not reached the average increase including 4 that are down more than 7%. Being bullish about the real estate segment still gives you plenty of opportunities to invest. You can invest directly in the REIT or you can invest in the companies that will grow because of the bullish conditions. If your opinion changes in a few years it is hard to short a single property.

12787

There is no law requiring someone to return a refused check. You need to clarify whether this payment is to establish a retainer, or to pay for services rendered. Either way you should stop payment on the check and send them a certified letter explaining that you are stopping payment on the check because they refused it. If the payment is to establish a retainer, then the issue is simple: the lawyer requires $10,000 as a retainer before you can engage them and until then you have no relationship with them. If that is the amount they want, then less than that is not accepted. If the payment is for services rendered already and you owe them money, then it is a completely different situation. Refusing partial payment means they are getting ready to sue you. In a collection suit, the larger the amount is, the better. Normally, someone owed money will only refuse a partial payment if they anticipate having to sue the debtor and they want to maximize their leverage in case of a court judgement in their favor. A creditor has the right to refuse a partial payment.

12809

I guess 15 years of practicing law, successfully I might add, in the realm of torts (including dozens upon dozens of negligence actions a year, just about all of which were covered by insurance) has been a mirage. Thank you dtank88 for setting me straight. Goodbye.

12819

"Attitudes like what? Is it suddenly a bad idea to recognize when things are challenging? I don't think it says anywhere in that article that these people are fat by no fault of their own. I agree that the tone of the article has a sort of resignation to it... but there's nothing explicit in there that says ""they have no choice but to be fat"""

12822

avoid corporation tax There aren't many avenues to save on corporation tax legally. The best option you can try is paying into a generous pension for yourself, which will save some corporation tax. Buying a house You can claim deduction for the mortgage payments, but profits on selling the house will require paying capital gains tax on the profit. You can rent it out, this will be decided between your mortgage provider and your company, but the rent will go towards as income. Buying a car Not worth it. You will have to pay Class 1A NI contribution for benefits in kind. Any sane accountant will ask you to buy the car yourself and expense the mileage. Any income generated from the cash you have is taxable. Even the interest being paid on your money is taxable.

12865

"Nestle owns more than 8000 brands worldwide. Remember that ""chinese"" Melanene in baby formula scandal? What you didn't hear is that was a Nestle company. If you want to avoid Nestle water you need to avoid Perrigrino, Nestea, Perrier, Poland Springs and Vittel. There are basically 10 companies that control the worlds packaged food supply."

12870

Wine is often invested, as is whisky and some other spirits And fortified wines that have particular vintages, such as port. You need to be particular about which ones to invest in though. Top vintages of wine and port can rocket in value, to make the big profits you need to buy the new vintage before everyone realises it is going to be a top year and sell it some years later when it is approaching its peak. This is obviously quite tricky to do. It is fairly common to buy a share in a particular batch of whisky (proper Scottish single malt), then after 12-18 years when it is matured you can take your share in bottles or cash.

12879

"You can see how much of a percentage the S&P 500 is of the GDP over the past 10 years in this handy graph: https://fred.stlouisfed.org/graph/?g=oCZ When the stock market was doing poorly (2009) it was only 0.06% of GDP. When it's doing well (now) it's 0.12% of the GDP. It's also not useful to directly compare percentages like you're doing. Just because one averages 6% growth and one averages 3% growth, that doesn't mean that the 6% one will take over. It doesn't take much of a correction to wipe out decades of S&P vs GDP growth. You might also be interested in knowing that this ratio is similar to the ""Buffet Indicator"", how Warren Buffet decides if stocks are overvalued as a whole: https://www.advisorperspectives.com/dshort/updates/2017/04/04/market-cap-to-gdp-an-updated-look-at-the-buffett-valuation-indicator"

12885

If you bought 5 shares @ $20 each that would cost you $100 plus brokerage. Even if your brokerage was only $10 in and out, your shares would have to go up 20% just for you to break even. You don't make a profit until you sell, so just for you to break even your shares need to go up to $24 per share. Because your share holding would be so small the brokerage, even the cheapest around, would end up being a large percentage cost of any overall profits. If instead you had bought 500 shares at $20, being $1000, the $20 brokerage (in and out) only represents 2% instead of 20%. This is called economies of scale.

12895

> A huge corporation would have had an arbitration clause so that there couldn't be a class action. Depends on where the class action is pressed. Many states have statutes that prevent arbitration agreements from being binding. CA for example.

12899

Full disclosure: I’m an intern for EquityZen, so I’m familiar with this space but can speak with the most accuracy about EquityZen. Observations about other players in the space are my own. The employee liquidity landscape is evolving. EquityZen and Equidate help shareholders (employees, ex-employees, etc.) in private companies get liquidity for shares they already own. ESOFund and 137 Ventures help with option financing, and provide loans (and exotic structures on loans) to cover costs of exercising options and any associated tax hit. EquityZen is a private company marketplace that led the second wave of VC-backed secondary markets starting early 2013. The mission is to help achieve liquidity for employees and other private company shareholder, but in a company-approved way. EquityZen transacts with share transfers and also a proprietary derivative structure which transfers economics of a company's shares without changing voting and information rights. This structure typically makes the transfer process cheaper and faster as less paperwork is involved. Accredited investors find the process appealing because they get access to companies they usually cannot with small check sizes. To address the questions in Dzt's post: 1). EquityZen doesn't take a 'loan shark' approach meaning they don't front shareholders money so that they can purchase their stock. With EquityZen, you’re either selling your shares or selling all the economic risk—upside and downside—in exchange for today’s value. 2). EquityZen only allows company approved deals on the platform. As a result, companies are more friendly towards the process and they tend to allow these deals to take place. Non-company approved deals pose risks for buyers and sellers and are ultimately unsustainable. As a buyer, without company blessing, you’re taking on significant counterparty risk from the seller (will they make good on their promise to deliver shares in the future?) or the risk that the transfer is impermissible under relevant restrictions and your purchase is invalid. As a seller, you’re running the risk of violating your equity agreements, which can have severe penalties, like forfeiture of your stock. Your shares are also much less marketable when you’re looking to transact without the company’s knowledge or approval. 3). Terms don't change depending an a shareholder's situation. EquityZen is a professional company and values all of the shareholders that use the platform. It’s a marketplace so the market sets the price. In other situations, you may be at the mercy of just one large buyer. This can happen when you’re facing a big tax bill on exercise but don’t have the cash (because you have the stock). 4). EquityZen doesn't offer loans so this is a non issue. 5). Not EquityZen! EquityZen creates a clean break from the economics. It’s not uncommon for the loan structures to use an interest component as well as some other complications, like upside participation and and also a liquidation preference. EquityZen strives for a simple structure where you’re not on the hook for the downside and you’ve transferred all the upside as well.

12906

"If you are a resident of New Zealand for tax purposes, you will be taxed in New Zealand on all of your ""worldwide income"". This is income derived from New Zealand as well as income derived from all other countries Source: http://www.ird.govt.nz/international/nzwithos/income/overseas-income-index.html Another link that will be of use is this: https://www.ato.gov.au/individuals/international-tax-for-individuals/work-out-your-tax-residency/ This is Australia's rules on if you qualify as a resident for tax purposes. I am not an accountant or a lawyer but my reading of this is you actually have to reside in Australia to be considered a resident - whether or not you have a bank account there doesn't appear to play into it. Additionally, Australia and NZ have a ""double taxation agreement"", explained here: http://www.ird.govt.nz/yoursituation-nonres/double-tax/ So this should prevent you from being taxed in both places."

12917

"That's the way the markets work in THEORY. In actual fact, markets are subject to ""real world"" pressures. That is, there are so many things going on in the market that the end of the ""Lined In"" lock up is just one of many. To produce the result you describe, traders would have to hold cash in reserve for this so-called ""contingency"" to buy at the end of the lock-up. In most cases, they wouldn't want to because of everything else that is going on. To use a real world analogy, would you want to wait until the last possible moment before going to the bathroom? Or would you go now while you had the chance? That's what the decision about ""holding cash in reserve for a contingency"" is like."

12924

Is it true you have to file papers with the government in the US to withdraw large sums of cash at your local bank branch? It's true that a currency transaction report (CTR) gets filed with FinCEN (Financial Crimes Enforcement Network) when you make a cash transaction in excess of $10,000. Banks have systems that do this automatically, so you don't have to really do anything other than provide some tax info if not already on file with the bank. The teller can flag your CTR if they think the transaction is suspicious, but there shouldn't be a delay on the withdrawal unless the bank has to make arrangements to have enough cash on hand. Some people don't like the idea of CTR's being filed and therefore make multiple smaller withdrawals, but that can be considered illegal structuring, and can result in confiscated money.

12926

yeah it sounds good but it includes a flaw that free marketeers wish was true but isnt. That this wouldnt have happened had they been allowed to fail. It is anthropomorphising corps. When mega businesses fail,it's not like the ceo, executives and traders have to open up their wallets. Look at what happen with leaman or bears, everyone who was working in those banks now work for the other banks, still making the big bucks. a shit ton of smaller banks were allowed to fail, why wasnt their behavior tempered by knowing they wouldnt have been bailed out? we should have bailed them out, all of our retirements where tied up in this bullshit and most of us didnt have shit to do with anything. But the problem is we should have owned them afterwards like we did the S&ls, we should have unseat the boards and wiped out shareholder value and restructured the banks back into healthy entities and resell back on the open market. It still wouldnt change anything, just like laws dont stop car thieves. But it would have been the right thing to do.

12940

This is a frequent problem for anyone with a large amount of deductions, whether it is student loan interest, home mortgage interest, charitable contributions, or anything else. As an employee getting your tax withheld from your check, your options to reduce the amount withheld are limited. The HR department has no control over how much they withhold; the amount is calculated using a standard formula based on the number of exemptions you tell them. The number of exemptions you claim on your W-4 form does not have to match reality. If you currently have 1 exemption claimed, ask them what the withholding would be if you claimed 4 exemptions. If that's not enough, go higher. As long as you are not withholding so little that you have a large tax bill at the end of the year, you are fine. Of course, when you do your taxes, you need to have the correct number of exemptions claimed on your 1040, but this number does not need to match your W-4.

12957

I'll go ahead and assume the lack of insightful comments in this thread means everyone else is having just as much trouble forming an opinion on this as I. Which one is the bad guy here: Cook (and others) for meeting with Trump, or Zuckerberg, for *not* meeting with Trump? Who the fuck knows.

12959

Today, if your SEO specialist isn’t providing you with holistic lateral solutions defined below, then you aren’t getting much value. Competing online has taken on a whole different turn and if you aren’t doing what is required you won’t stand a chance to stay in the game for long.

12961

"It's also worth thinking about minor ""emergencies"" when the location of your cash may be more important than the amount. I keep a baggie of change and small bills in my glovebox for meters and tolls. I keep a ten dollar bill in my armband when I go out for a jog or bike. Those little stashes have saved me more than once. Zombie apocalypse money? I just have a couple hundred at home."

12987

Unfortunately, if your taxes are too complicated for the 1040EZ form, then your tax situation is effectively unique and you need to try both options and see for yourself which one is better. If you do your taxes yourself, you may be more likely to do a more thorough job in digging everything up. You might even find that you can deduct some things that you hadn't thought of before. On the other hand, whenever I've gone to a tax professional, it's always been pretty much an all-or-nothing proposal. You sit down with them and hand them your records, they ask a couple simple questions, and they either give you your completed tax return on-the-spot or they have you come back in a week for a brief review of the final numbers. If they don't prepare your return on-the-spot, you can usually send additional items later on if you think of something that you forgot the first time around, but for the most part it's still a one-time shot. That said, I'm beginning to think the difference in monetary cost of completing even a mildly complex tax return is going to be insignificant, and the main factors to consider are the value of your own time and how much of the tax code you want to learn (because, in my experience, the software always refers to additional IRS forms or codes that are not automated in the software). In theory, your tax return should be the same regardless of whether you have a tax professional do your taxes or, if you do them yourself, which software you use. Given the same inputs, you should get about the same outputs. Even though that theory doesn't always hold exactly true, all the options should get you in the same ballpark--close enough that it doesn't make much difference in the grand scheme of things, unless your tax return is done incorrectly (e.g., you choose the wrong filing status or forget to take a major deduction). Suppose you're married and you or your spouse is a partner in an LLC. Maybe a tax professional wants to charge you $500 for your tax return (this will vary based on your circumstances). You could alternatively buy the tax software for $40-$300 and spend 20+ hours navigating through the interviews and reviewing tax codes for the decisions and worksheets that are not automated in the software. Depending on how much time you personally have to spend on the tax return, one option might be better than the other. Maybe you have to pay your in-house accounting person to use the tax software, or you have to pay an employee to cover for you while you use the software. Keep in mind that the tax professional and the tax software are probably deductible, whereas your time may not be. In the end, even if you save money up front, it might be a wash on the following year's tax return, especially after you consider the uncompensated time that you could have spent with your family, on your business.

12988

Edit: lazy math The answer to this question depends on two things: How bad will it be if you cannot repay this loan in the way you expected? - How likely are you to actually get into a PhD program with a stipend? Is there a possibility that you will not get a stipend? What is the penalty for failure to repay? Will you have to support yourself after university? How much money could you expect to earn if you found a job after your undergraduate degree? How much could taking this loan improve your finances/life? - Could you get your degree at anther institution without going into debt? Would your career be better if you went to Ecole Polytechnique? I would take the loan if:

12990

Middle class taxes are about as low as they have ever been. They are certaily much lower than most of the industrialized world. >So proportionally the middle classes end up paying the most tax and gets the least for it. No, the rich pay the largest percentage of the tax dollars and they pay more per dollar earned than the middle class. You can check this easily from IRS tax statistics. A person paying a million in taxes a year doesn't use the roads 50 times as much as someone paying 20,000 a year either, and most other services scale similarly. So I'd say the middle class actually gets more use out of their tax dollars than the rich.

13013

There are a number of mutual funds which claim to be 'ethical'. Note that your definition of 'ethical' may not match theirs. This should be made clear in the prospectus of whichever mutual fund you are looking at. You will likely pay for the privilege of investing this way, in higher expenses on the mutual fund. If I may suggest another option, you may want to consider investing in low-fee mutual funds or ETFs and donating some of the profit to offset the moral issues you see.

13018

I hear this story all the time. Before they were afraid to let someone science on their face. They thought they might get a little science in their eyes, or it might taste too salty. Then one day, they finally let someone science all over their faces, and they loved it!

13032

> And just out of curiosity what do you do to unwind? Run, go to the gym, come on the computer, go out with friends, watch a movie, etc... You don't need a drug to unwind, if you need a drug, see a psychologist. > You don't drink or use tobacco or anything of the like? I drink like once a month socially. I have an issue with daily users who complain they can't get a job or don't want to take responsibility for their actions. > But judging other people for wanting a beer or a cigarette or a joint is no way to go through life Why not if they cost me and everyone else money and cause tons of other problems. They cost insurance rates to go higher, they cause accidents, they kill people, the smoke drifts in my face, etc... If they weren't losers and were actually responsible, it would be a different situation. A big difference I see between alcohol and weed is that there are actually restrictions on when, where, and how you can have alcohol.

13034

Why would I ever choose to open a savings account? This is slightly broad and opinion based. If the interest rates are same and other aspects are same [or same to you ... for example savings account allows say 6 debits per month and you only need 4, then its same]. Unless one compares the specifics one can't decide. A checking account may have fees, at times waived if there is direct deposit set-up. It maybe more easy to get phone banking or other aspects. Quite a few items were initially possible with only checking account, get a check book, get a debit card [not just ATM card], etc. These days there are multiple flavours of products that bank is lunching which blur out the lines, hence traditional comparison will not do justice.

13035

Wow, First off bravo, never have I seen such blind devotion to a cause outside of religion. Second, Capitalism will only lead to one path, the rich get richer the poor get poorer. There is no other outcome. If you think that because he is a republican he can just create jobs? No there has not been a good/decent republican president for decades. Unless you are the 1% then, fuck you for only thinking of yourself.

13037

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13046

In theory, in a perfect world, what you state is almost true. Apart from transaction fees, if you assume that the market is perfectly efficient (ie: public information is immediately reflected in a perfect reflection of future share value, in all share prices when the information becomes available), then in theory any transaction you would choose to take is opposed by a reasonable person who is not taking advantage of you, just moving their position around. This would make any and all transactions completely reasonable from a cost-benefit perspective. ie: if the future value of all dividends to be paid by Apple [ie: the value of holding a share in Apple] exactly matches Apple's share price of $1,000, then buying a share for $1,000 is an even trade. Selling a share for $1,000 is also an even trade. Now in a perfectly efficient market, which we have assumed, then there is no edge to valuing a company using your own methods. If you take Apple's financial statements / press releases / reported information, and if you apply modern financial theory to evaluate the future dividends from Apple, you should get the same $1,000 share price that the market has already arrived at. So in this example, why wouldn't you just throw darts at a printout of the S&P 500 and invest in whatever it lands on? Because, even if the 'perfectly efficient market' agrees on the true value of something, different investments have different characteristics. As an example, consider a simple comparison of corporate bonds: Corporations make bond offerings to the public, allowing individual investors to effectively lend money to the corporation, for a future benefit. For simplicity, assume a bond with a 'face value' (the amount to be repaid to the investor on maturity) of $1,000 has these 3 defining characteristics: (1) The price [What the investor pays to acquire it]; (2) Interest payments [how much, if any, the corporation will pay to the investor before maturity, and when those payments will be made]; and (3) a bond rating [which is a third party assessment of how risky the bond is, based on the 'health' of the corporation]. Now if the bond rating agency is perfect in its risk assessment, and if the price of all bond's is fair, then why does it matter who you loan your money to? It matters because different people want different things out of their investments. If you are waiting to make a down payment on a house next year, then you don't want risk - you want to be certain that you will get your cash back, even if it means lower returns. So, even though a high-risk bond may be perfectly priced, it should only be bought by someone willing to bear that risk. If you are retired, and you need your bonds to pay you interest regularly as your sole source of income, then of course a zero-coupon bond [one that pays no interest] is not helpful to you. If you are young, and have a long time to invest, then you may want risk, because you have time to overcome losses and you want to get the most return possible. In addition, taxes are not universal between all investors. Some people benefit from things that would be tax-heavy to their neighbors. For example in Canada, there is a 'dividend tax credit' which reduces the taxes owing on dividends received by a corporation. This credit exists to prevent 'double-taxation', because otherwise the corporation would pay its ~30% of tax, and then a wealthy investor would pay another ~45% of tax. Due to the mechanics of how the credit is calculated, however, someone who makes less money, gets an even lower tax bill than they normally would. This means that someone making under the top tax bracket in Canada, has a tax benefit by receiving dividends. This means that while 2 stocks may be both fairly priced, if one pays dividends and the other doesn't [ie: if the other company instead reinvests more heavily in future projects, creating even more value for shareholders down the road], then someone in the bottom tax brackets may want the dividend paying stock more than the other. In conclusion: Picking investments yourself does require some knowledge to prevent yourself from making a 'bad buy'; this is because the market is not perfectly efficient. As well, specific market mechanics make some trades more costly than they should be in theory; consider for example transaction fees and tax mechanics. Finally, even if you assume that all of the above is irrelevant as a theoretical idea, different investors still have different needs. Just because $1,000,000 is the 'fair' price for a factory in your home town, doesn't mean you might as well convert your retirement savings to buy it as your sole asset.

13071

Agreed that the CEO is lame and only in it for himself in the meantime. But regardless what Lampert does, he has lost billions on Sears already just over time and his recent actions will just recoup a small fraction of it. There is no way he's going to make back his investment. What I don't see how in this economy that most of those locations would be rentable to boutiques that pay more when all it's doing is throwing more retail space onto a market deluged with retail space. Some locations maybe, but many are old and away from the action in the meantime. For instance, many of the closed Kmarts, part of Sears, at least five near me are either still empty after 3-5 years or occupied by something that definitely doesn't pay the same rent, like indoor storage units or indoor paintball arenas and whatnot.

13072

"Once again, do you have any specific reason why you think bitcoin wont succeed? ""you guys"" never have any real arguments as for why bitcoin will fail, and if you look at the facts, bitcoins are worth more now than they have ever been. You can believe whatever you want, but the market has spoken"

13083

The risk is that everything could go wrong in any phase at any time or they could run out of cash and go bankrupt waiting for results. Then there is the FDA that might take forever in approving their drug, or not approve it at all. Human trials could go horribly wrong. The company may be incompetent in bringing a product to market (after FDA rubberstamping), there might not be a market for their particular METHOD of treatment (is it a pill, or is it a torture device you have to strap yourself into for 5 hours a day). And maybe they are never able to make a profit with all the debt they have taken to stay afloat.

13118

"You do realize this pipeline crosses almost every major river in the south east and east coast right? I'm detecting a lot of hyperbole from you. As far as DAPL and its ""actual value"" businesses don't go and build new pipelines for fun. It's expensive and time consuming. There has to be a return on investment."

13129

Hopefully this doesn't come across as me being a jackass (I'm really not trying to be), but... Is this just your assumption, or do you have a source for that statement? I'm actually interested -- would love to read something more in-depth. All I could find is [this](http://iphone.appleinsider.com/articles/17/01/20/report-claims-apple-music-pays-more-to-record-labels-in-royalties-per-stream-than-spotify), which actually indicates the opposite is true.

13139

"In my experience when a salesperson says a particular deal is only good if you purchase right now, 100% of the time it is not true. Of course I can't guarantee that is universally the case, but if you leave and come back 5 minutes later, or tomorrow, or next week, it's extremely likely that they'll still take your money for the original price. (In fact, sometimes after you leave you get a call with even a lower price than the ""excellent offer""...) Most of the time when you are presented with high pressure sales accompanied by a ""this price is only good right now"" pitch, it ends up being because they don't want you to go search the competition and read reviews. In this case you have already done that and deemed the item to be worthwhile. Perhaps a better tactic for the salesperson would have been to try to convince you that others are interested in the item and if you wait it might be sold to someone else at that excellent price. Sales is an art, and it requires the salesperson to size you up and try to figure out your vulnerability and exploit it. This particular salesperson obviously misjudged you and/or you don't have an easily exploitable vulnerability. I wouldn't let the shortcomings of the salesperson get in the way of your purchase. If you are worried about the scenario of someone else snatching up the item, consider offering a deposit to hold the item for a certain amount of time while you ""reflect"" and/or ""arrange for the funds""."

13141

Dan Caplis Attorney Dan Caplis is an excellent and well-respected trial attorney who has practiced law since 1983. He is the founding partner of the Law Offices of Daniel J. Caplis. In the more than 30 years he has practiced law, Dan Caplis has helped his clients seek the maximum compensation for their grievances. In fact, it was a three-week medical malpractice case involving birth injuries to a set of triplets where he served as the lead trial attorney that led Dan Caplis to pursue personal injury law. He wanted to help good people whose lives had been destroyed due to the fault of others.

13149

The parent company is likely to own other assets, which can be badly performing. Spinoffs are typically the better performers. There are also other factors, for example certain big funds cannot invest in sectors like tobacco or defense and for conglomerates it makes sense to spin those assets off to attract a wider investor audience.

13153

"Marketing, namely advertising (Facebook, Google ads, maybe magazines, etc.) Despite all the nice words about ""healthy, green, and socially responsible"", the business of this company (and many, many similar ones) is not ""providing information"". It's affiliate marketing - getting people to click through to retail sites and buy stuff, on which the company earns commissions (often they also get paid for registrations). In a very real sense, their product is customers. They sell paying customers to the retail sites, and before that, they basically have to buy ""raw customers"" through advertising. The times when you could rely on getting enough people to visit your website for free are largely over - there is too much competition for peoples' attention. They can only be profitable if they can get the raw customers cheap enough, and can convert enough of them to paying customers. And this is really how it's talked about internally, in what is by now a highly organized industry: key performance measures are CPC (how much does it cost to get someone to come to your website), conversion rate (what percentage of visitors register) and ARPU (average revenue per user)."

13161

"It's an interesting opinion piece. There seems to be little evidence that he provides to justify his claim. His key points were: ""While the president promised Guam's governor that tourism would go up ""tenfold"" because of media attention from his Twitter tirades about North Korea, the numbers tell a different tale. The war of words cost Guam's tourism industry $9.5 million last month. It appears vacationers would prefer to avoid possibly atomic attractions."" He has a point, but a lot of North Korea's rhetoric and launching of missiles have little to do with Trump. North Korea tested missiles before and that usually has an affect on neighboring areas a little. That situation, and indeed the entire North Korean can affect the US, and the world economy. That is a wait and see. This is his second point: ""This uncertainty creates costs. Consider the costs generated by demonizing the Muslim community alone. Muslim individuals, institutions, and governments control approximately $11.5 trillion in wealth. They continually consider whether to buy or sell American assets. To put it in terms that this administration might understand – these investors may now balk at buying luxury real estate that they might not be able to visit."" This is all conjecture and I am sure some tourism is down because of what Trump has said. There might be some Muslim's who wont invest in this. So far there seems to have been little actual affect other than change of plans from Tourists. I don't see any long lasting affects though. Remember North Korea is negatively affecting all of Asia at this point. Furthermore Europe's growing anti Muslim sentiment and increasing number of terrorist attacks is going to dissuade some Muslim investors there as well. They might have little option other than the US. Economists have projected decent economic growth. While Trump's rhetoric is not helping, and honestly wish he would stop, I don't believe him talking on twitter is enough for the US to enter a recession. It would take ending NAFTA or some other major economic disaster. The natural disasters will probably have more of a negative affect than Trump. There are many factors that play in the US economy in general. The president can play a big part, but it would take a lot for his actions to enter a recession."

13183

Might be good if you want to be a Business analysis. But from everything I have heard about a comp sci major it is almost useless for actually learning stuff Edit: Seriously. Both of my friends are programmers and go on and on about how everyone who comes out of college with a comp sci major doesn't know shit about programming. They just know concepts. They are useless when it comes to actual work. Im not saying it's the worst thing but take some programming classes or just learning a language would put you light years beyond what a minor could do.

13186

>Despite sustained job growth and lower levels of employment, most Americans do not think the economy has improved This is such bullshit and I'm tired of hearing it. The unemployment numbers are fixed. Everyone knows this yet the media loves to pretend it's not the case. It's becoming propaganda at this point.

13187

As for point c if you believe that it is a requirement for companies to pay above welfare levels then campaign for that to become law. Companies are required to act in shareholder interests which is what they do. Your point a is about sales/profitability, unless you believe that employees working happier/better will have no effect on either. Also note that sales/profitability is generally measured as [productivity](http://en.wikipedia.org/wiki/Productivity). If employees were more productive then Walmart would actually need fewer of them to maintain the same sales/profits. Do you seriously believe Walmart management is so stupid that they haven't worked out how to improve productivity? It is also worth reading about what it is like to work at Walmart: [one](http://boingboing.net/2009/02/01/life-at-walmart.html) [two](http://jobs.aol.com/articles/2011/01/27/what-its-like-to-work-at-walmart/) [three](http://ask.metafilter.com/62133/Whats-it-like-to-work-at-WalMart) I agree with you about trickle down economics, but I don't see why Walmart is somehow required to make it work, or any other companies for that matter. Solve it at the political level.

13195

It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own self-interest. Why would I pay more for something when I have the opportunity to buy them for cheaper? Do you avoid wearing most clothing brands and stick with American Apparel and similar brands because they provide minimum wage jobs in the USA vs. China?

13202

Your question is a bit confusing, you may wish to edit it to clarify the meaning. If we broke up or he stops paying, can I take the car back again? No. Just as if you sold me or the guy down the street your car you cannot just simply take it back. Being someone's boyfriend does not grant special privileges to you or him. Don't do this if you have not done so. If you have try and get it undone. It is unlikely that this is allowable as the bank will not simply allow you to transfer ownership if you have a loan. In the future, use cash (not loans) to buy your cars.

13209

You're technically 'allowed' to do other investments with your Roth, but you get taken to the cleaners by the financial 'services' community who wants to take a slice. Non-securities investments from a Roth typically require a 'custodian' or other intermediary to handle your investment, e.g. buying silver coins and paying someone else to hold them. Buy these with cash and hold them yourself, assuming you trust yourself more than some stranger.

13215

"No, you do not need an OCI card to continue to have an NRE or NRO account. You are now classified as a PIO -- Person of Indian Origin -- (and you don't need to have a PIO card issued by the Government of India to prove it) and are entitled to use NRE and NRO accounts just as you were when you were a NRI (NonResident Indian). But, you should inform the banks where you have NRE and NRO accounts that you have changed citizenship, and they may need to go through their KYC (Know Your Customer) process with you all over again. If you don't get an OCI Card, you will need to have an Indian visa stamped into your new US passport to visit India, and please do remember to send your Indian passport to the nearest Indian Consulate for cancellation. Keep the surrender certificate and cancelled passport in your safe deposit box forever; your grandchildren will need it to get visas to visit India. (My granddaughter just did). If you do get an OCI Card, you will need to have an OCI stamp put into your new US passport, and when you renew your US passport, you will need to get the new one stamped too (and pay the fee for that, of course). You cannot enter India with just an OCI Card and a US passport without the OCI stamp in it; that stamp is vital. If you move from one residential address in the US to another, you will need to get a new OCI Card issued because, unlike the US ""green card"", the OCI card has your residential address on it. Once again, a fee is involved. All these processes take many weeks because the whole paperwork has to go to the Ministry of External Affairs in New Delhi, and meanwhile, your passport is not available to you for a trip to Europe or Japan or Taiwan or China if you need to go there on business (or for pleasure)."

13217

"In addition to the other answers it's also noteworthy that the stock exchanges themselves adjust the price quotes via their ex-div mechanism. All limit orders present in the book when the stock goes ex-div will be adjusted by the dividend. Which means you can't even get ""accidentally"" filled in the very unlikely case that everyone forgot to adjust their quotes."

13220

I don't buy a Blackberry because it's archaic. Same reason I don't buy a Nokia. Phones are 90% image and 10% functionality for some stupid reason. It's always been that way ever since the first car phones came out. Blackberry definitely fell out of touch with the market. It's all big touch screens, sharper pixels, and inane apps now. I don't think anybody really uses their phone for, you know, phoning.

13228

Now sweetums . .its the Fed that buys US treasuries to keep the Yield down . . .wait but how can that be? How can the Fed be the biggest holder of US treasuries . . .that would be like sucking your own dick . . .but hey . .its good for the economy Its a good thing we have bred fucking Morons or the dollar might go into hyper inflation if Americans knew how to add

13240

Because they receive compensation (generally interest + dividends) for loaning out the shares. I own an asset X. Somebody else wants to borrow asset X for some time period. I agree to loan them asset X in return for some form of compensation (generally a rate of interest plus, in this specific case, any dividend payments). The reasons why I own asset X, and why they want to borrow asset X are irrelevant to the transaction. The only relevant points are the amount of compensation and the risk that they might default on the loan. This applies equally well to shares as to money or any other kind of loan-able asset.

13246

The customer has the choice of picking their coveted essay author for the culmination of scholarly papers, essays and research projects. Our custom written work services concentrate on delivering the best outcomes for understudies through improving their essay mba assignment writing service with a specific end goal to accomplish speedier instructive process.

13260

Options reflect expectations about the underlying asset, and options are commonly priced using the Black-Scholes model: N(d1) and N(d2) are probability functions, S is the spot (current) price of the asset, K is the strike price, r is the risk free rate, and T-t represents time to maturity. Without getting into the mathematics, it suffices to say that higher volatility or expectation of volatility increases the perceived riskiness of the asset, so call options are priced lower and put options are priced higher. Think about it intuitively. If the stock is more likely to go downwards, then there's an increased chance that the call option expires worthless, so call options must be priced lower to accommodate the relative change in expected value of the option. Puts are priced similarly, but they move inversely with respect to call option prices due to Put-Call parity. So if call option prices are falling, then put option prices are rising (Note, however, that call prices falling does not cause put prices to rise. The inverse relationship exists because of changes in the underlying factors and how pricing works.) So the option action signifies that the market believes the stock is headed lower (in the given time frame). That does not mean it will go lower, and option traders assume risk whenever they take a particular position. Bottom line: gotta do your own homework! Best of luck.

13275

I've changed jobs several times and I chose to rollover my 401k from the previous employer into an IRA instead of the new employer's 401k plan. The biggest reason not to rollover the 401k into the new employer's 401k plan was due to the limited investments offered by 401k plans. I found it better to roll the 401k into an IRA where I can invest in any stock or fund.

13299

"First: do you understand why it dropped? Was it overvalued before, or is this an overreaction to some piece of news about them, or about their industry, or...? Arguably, if you can't answer that, you aren't paying enough attention to have been betting on that individual stock. Assuming you do understand why this price swing occurred -- or if you're convinced you know better than the folks who sold at that price -- do you believe the stock will recover a significant part of its value any time soon, or at least show a nice rate of growth from where it is now? If so, you might want to hold onto it, risking further losses against the chance of recovering part or all of what is -- at this moment -- only a loss on paper. Basically: if, having just seen it drop, you'd still consider buying it at the new price you should ""buy it from yourself"" and go on from here. That way at least you aren't doing exactly what you hope to avoid, buying high and selling low. Heck, if you really believe in the stock, you could see this as a buying opportunity... On the other hand, if you do not believe you would buy it now at its new price, and if you see an alternative which will grow more rapidly, you should take your losses and move your money to that other stock. Or split the difference if you aren't sure which is better but can figure out approximately how unsure you are. The question is how you move on from here, more than how you got here. What happened happened. What do you think will happen next, and how much are you willing to bet on it? On the gripping hand: This is part of how the market operates. Risk and potential reward tend to be pretty closely tied to each other. You can reduce risk by diversifying across multiple investments so no one company/sector/market can hurt you too badly --- and almost anyone sane will tell you that you should diversify -- but that means giving up some of the chance for big winnings too. You probably want to be cautious with most of your money and go for the longer odds only with a small portion that you can afford to lose on. If this is really stressing you out, you may not want to play with individual stocks. Mutual funds have some volatility too, but they're inherently diversified to a greater or lesser extent. They will rarely delight you, but they won't usually slap you this way either."

13304

">You are starting from false premises built on politically driven economic theories. The reality does not square with anything that you just wrote. I like to see the historical evidence (statistical, not anecdotal) for that. I'll provide a good starting point for you: [list of recessions in the United States](http://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States). A quote ""The National Bureau of Economic Research dates recessions on a monthly basis back to 1854; according to their chronology, from 1854 to 1919, there were 16 cycles. The average recession lasted 22 months, and the average expansion 27. From 1919 to 1945, there were six cycles; recessions lasted an average 18 months and expansions for 35. From 1945 to 2001, and 10 cycles, recessions lasted an average 10 months and expansions an average of 57 months. **This has prompted some economists to declare that the business cycle has become less severe. Factors that may have contributed to this moderation include the creation of a central bank and lender of last resort, like the Federal Reserve System in 1913**, the establishment of deposit insurance in the form of the Federal Deposit Insurance Corporation in 1933, increased regulation of the banking sector, the adoption of interventionist Keynesian economics, and the increase in automatic stabilizers in the form of government programs (unemployment insurance, social security, and later Medicare and Medicaid). "" In fact, the US at the time wanted to get away from the destructive boom and bust cycles that were destroying the economy, so went to Europe to find out how come they had significantly less disruptive cycles, and learned that the notion of a central bank was very useful to smooth out cycles. Also read about [The Great Moderation](http://en.wikipedia.org/wiki/Great_Moderation). One of the causes is listed as ""Greater central bank independence, in which the Fed balanced money supply more closely with demand"". How do you propose that the money supply in an economy should be *matched* with economic growth and contractions? Letting be independent is a proven recipe for more harm than *trying* to match them. All sourced with ample data. Now you can try and argue that the Fed is not necessary, but then you'll have to explain the vast difference in boom/bust cycles seen in virtually every economy that has adopted an independent central bank that has followed reasonble monetary policy. That means covering hundreds of examples. Good luck. This is not driven by economic theories. This is historical fact. Ignoring it and similar evidence from hundreds of years over dozens of countries and economies is ignorant. >Fiat money and fractional reserve banking guarantee monetary collapse More non-fiat economies crashed than fiat economies. Like pretty much every historical economy up to modern times. The majority of economies that have not crashed are fiat, so it seems you have not actually tried listing all the various economies and counted them. >The idea that economics is hard science is ridiculous. No one claimed that. You're arguing against a strawman and repeating whatever phrases you think go here. >In a smallish closed or partially closed system, formulas and equations can determine probable outcomes, in the infinitely complex economy of the modern world, the very idea that you can predict anything beyond general directions is absurd No one claimed that either. However the entire universe is a pretty complex system, and plenty of long term predictions are probably very accurate. >And the general directions are not understandable without considering the human motivations that drive each of the billions of sentient actors involved. Also irrelevant, since no one is claiming we need that."

13318

I am an instructor who teaches Financial Modeling courses to investment bankers in NYC. Looking at the model, I do not see anything wrong with it. There are just too many assumptions. I would rather use the Multiple Value for the Terminal Value calculation, but, it will not make any significant differences. Some more thoughts : a) The author has used text book method for valuation, but, everyone improvises the text book method, hence, subjective evaluations. b) Oil and Gas valuation is quite a deep subject and every time we create models, industry experts come and big time change the inputs. We have no indication that the model is tested by industry experts (O&G Operations experts) c) For matured companies like ARAMCO, I would prefer the DCF model as used and then parb (adjust) using comparables. I do not see that it has been done in the model. d) In some cases, investment experts would rather use 3 stage DCF model (5 years, next 10 years, next 20 years or so). It makes the model pretty complex, but, provides more accuracy. e) The revenue taken in the calculation is flat, instead, he should have taken the data from past 10 years and modeled the fluctuations. f) One of the biggest challenges we have faced in this sector is the accounting method full cost of successful effort. High CAPEX only occurs in one of the methods and depending on the company's maturity level, people may use different methods. More on this method in this link -http://www.investopedia.com/articles/fundamental-analysis/08/oil-gas.asp I am at wits to understand how the value will be more than 1 Trillion dollars in any case.

13325

I can't imagine any scenario under which this wouldn't be a scam, and frankly I'm a bit surprised to be talking about it once again. Any time someone you don't know and who doesn't know you wants to give you money for no good reason and asks you to provide personal information and bank info, there should be enough alarms going off for a five-alarm fire. Worse still this guy wants you to send half the money back to him. One simple question: WHY??? For what reason would they want you to send anything back? Why not just send you the money he wants you to have and keep the rest for himself? For heaven's sake, don't fall for this. Stay away from the whole mess and save yourself a bunch of grief.

13346

You won't know what the exchange rate will be when you convert AUD back to USD when you eventually want to spend your money unless you hedge. the movement in fx rates could easily outweigh any benefit received from higher interest. As far as i am aware the way the hedge is constructed you will lose any benefit from foreign interest. That being said, the 'Carry Trade' is big business. There are plenty of people that borrow yen to invest in AUD.

13357

If your goal is to simply save money on shaving supplies, there are easier ways to do so. If you are buying the latest Gillette multi-blade razor cartridge, then yes, you are spending a lot of money on razor blades. Consider switching to an old-fashioned double-edge safety razor. Pick up a nice razor for $20 - $50 (I like my Merkur HD), then buy the blades for cheap. I buy a 2 year supply of double-edge blades for less than $20. If you really want to turn in your man card and get your facial hair permanently removed, then it is really easy to calculate the payback time. Just figure out what you are spending in razor blades, get a quote for lasering your face off, and compare. If you are paying $10 a year for blades like I am, the payback time is going to be long. One more thought: remember, permanent means permanent. This is comparable to a tattoo, except tattoos are easier to reverse. Others have noted that the procedure isn't really permanent. What I understand from reading (I don't have firsthand experience) is that it is temporary in the sense that you will eventually need to start shaving again, but permanent in the sense that you will never be able to grow a proper beard again, if you wish. Basically, it is the worst of both worlds: it won't accomplish your goal of not having to shave anymore, but will make permanent changes to your face. The fact that you will need to shave again, even if only occasionally, affects your payback time calculation.

13376

Believe it or not, what they're asking you is not as unusual as you might think. Our company sells a tremendous amount of expensive merchandise over the Internet, and whenever there's something odd or suspicious about the transaction, we may ask the customer to provide a picture of the card simply to prove they have physical possession of it. This is more reassurance to us (to the extent that's possible) that the customer isn't using a stolen card number to order stuff. It doesn't help too much, but if the charge is disputed, at least we have something to show we made reasonable efforts to verify the ownership of the card. I think it's pretty thin, but that's what my employer does.

13388

We provide all types of gold, silver and diamond jewelry in the world through the web.Our products are some of the most glorious and contemporaneous pieces of jewelry. We have best-personalized jewelry and necklace categories such as name necklaces, Gold heart necklace, personalized gold necklace and much more. For any information about the necklaces, you can visit our website. There, are you will get more than 4000 jewelry with different and unique design.

13396

Well, judging by the guys at my local BK's they're using the microwave way more than they should be. I mean, it's one thing to quote policy, it's another when I watch the dude take my burger out of the tray and pop it in the nuker like it's nothing.

13398

A CPA or Enrolled Agent can be helpful, especially if you have a complicated situation such as owning your own business. The people at a lot of tax-prep places don't have many qualifications (they are not accountants or enrolled agents or certified financial planners or anything else). They are just trained to enter stuff into the computer. In that case, you can measure their value according to how much you prefer talking to typing. But don't expect them to get it right if your taxes involve any judgment calls or tricky stuff. I think a good strategy is to try TurboTax (or whatever program) and if you get stuck on any of the questions, find a pro to help.

13465

"LOL!!!! You want nucelar weapons at the hands of ""Palestinians"" or even Muslims/Arabs. Sure. Hamas, the terrorist organization, will be great with nuclear weopons. (Did you forget to take some pills today?) All Arabs countries, all(!) of them, are not worried that Israel have nucelar weopons. Actually, they are glad about it because Israel will take of Iran for them."

13483

"A lower price is likely to be slightly more attractive to sellers than paying an equivalent amount in closing costs. The seller is going to be paying the realtor(s) commission on the higher ""sale"" price and will net slightly less money. It is common in my experience to ask for closing costs. The generic answer for your questions about how it is spent depends on the bank and type of loan. In general you will not be able to walk away with the cash if closing costs are less than the concession but they can be applied to funding escrow and points transfer fees etc.. There is the potential to lose the concession if there aren't sufficient closing costs. I am fairly certain that there isn't any tax differences between the two in the US."

13495

I do. Women got to pin pictures of their dream things to ooo and ahhh with over the internet. It mimics the way they communicate in real life. If they could somehow figure out how to do e-mimosa's it would be unstoppable.

13496

An Indian citizen who is not a resident of India (an NRI) or a Person of Indian Origin (a PIO) is not permitted to sell or gift immovable property in India (real property for US readers) to another NRI or PIO; the property must be sold or gifted to a resident of India. So, assuming that the property in question is in India, you cannot sell it to your NRI friend.

13511

Remember that prices refer to discrete events in the market - trades - it is easily possible that the highest price for a trade in the next period is lower than the highest price in the current one as someone in the current period may be willing to pay more in this period than anyone in the next. The ending price of a period is also determined this way; it is the last price that someone was willing to pay in this period not the first price that someone will pay in the next period. Why? because the last price in this period is not in the next period by definition! edit: added something on illiquid stocks Illiquid stocks may have intraday gaps in the sequence of candlesticks where no trading occurred. Below is one such chart for 1pm plc.(OPM.L) a UK based leasing company (thanks to Yahoo finance for this):

13513

Start with Options, Futures and Other Derivatives by John Hull.

13524

It just states that the price doesn't justify the valuation which is not a factual statement. Also this is based on someones opinion of the companies P/E. The P/E was published and public information and idiots on both the buy and sell side jumped in. The article does not make a factual claim about Fraud (cooking the books), Francine McKenna speculates that management and auditors cooked the books.

13530

Ha I'll probably be down voted with this too but, I guess we have a bunch of selfish capitalists in here. Yes, in our current system that situation is luck. No doubt you and your father worked hard to get you where you are today, but there are others working just as hard that wont be as lucky. Your father had a fairly stable career, being an officer. What if you were born to a single mother? Maybe a family that was split apart when the father's job was outsourced? Maybe you were born into a bad neighborhood with crappy schools? How would your current plan have turned out? Yeah, investing isn't like a casino, but there is risk involved. I know about index funds, but as you know a lot of the market has to do with timing. Tell the poor guy who was 65 in 2008 and wanted to retired how that whole index fund investment worked out. Society create a situation for you where you could succeed. We, the tax payers, paid for your fathers career. Your schooling was partially made possible by the government. The government also supports the legal system so you can invest your capital in the first place, and the infrastructure for those companies to succeed. If you want to retire at 35 that's great, however if you are advocated for less taxes in order to do that you are robbing others of a chance to realize their own dreams.

13543

"First, PLEASE, I asked before and I think it's very important for you to think and answer this question: is there a chance that Susan is a great person as you claim she is, and this whole incident is due some incompetent idiot IT experts working for her? If you answer that question, correctly, you will understand everything about the whole story. >> Susan is no good? >She made a grave mistake. Can't speak to the totality of her career based on this one incident. One mistake? Do you really, really, think that one mistake, one, would lead to the biggest breach in world history? Do you know that the breach actually happened in May, continued until August, and reported in Sept? What about her ""great talent"" as shown in interview? Do you think with that ""talent"", she may have made more than one mistake in regards to security? It was even a mistake to get interviewed if you know you know nothing about security. Look, I know that you really really really want to believe Susan is a good person, but she's far far from this. >>Got her job in a corrupt way? > No public information sources I've seen support such an allegation. I have told you that in all her previous jobs, she was a vice president or ""Senior director of"", going back to HP. See it [here](https://www.boardroominsiders.com/executive-profiles/1006308/Equifax,-Inc./Susan-Mauldin). So, try to just think, without any bias: what are the chances that a Music major will have such a meteoric START and rise in the the corporate world in unrelated areas to her studies? C'mon! You never heard or experienced people getting positions or getting promoted not base on merit? >> her degrees show she was not born interested in security (except for fat pay checks)? > Her degree shows that in her youth she was more interested in music; her career history, on the other hand, demonstrates an interest in security. Alleging that her interest was solely based on pay is pure speculation. Her meteoric rise in the corporate level, which started in HP in Auditing, and not security, is showing her main interest is in fat pay checks and power. C'mon! You never heard or experienced greedy clueless managers that are only about getting paid and destroy anyone on the way to a higher pay? >>people with IT degrees are more a match, suitable and qualified for security jobs, especially when they have specific on-hand experience? > People with specific, recent experience (Susan had 14 years), are more qualified than people with an outdated IT degree. Between two people with identical experience, the IT degree might help tip the scales. Still, her role was administrative, not hands-on, so specific technical skill sets are less important than management skills for this role. Susan has no hands-on experience, talent or knowledge. Security is not a joke. Security is a professional extremely important requirement that cannot be managed or overseen by clowns. >>HR does not care about employees? > Good HR does. ... which is very rare. Advise to you: don't even try to assume that HR is on your side or other employees, until you actually see proof and examples for that. >>real experts have to fight HR and terrible management... and usually lose because of this whole corrupt setup? > Real security experts are not often also experts in HR and management, I see an unsubstantiated bias and claims against certain people. Are you sure that ""nerds"" like Bill Gates, Elon Mask and others have no chance to be good with HR or ""management""? > so aren't qualified to judge qualifications or actions of taken in those contexts as they are unlikely to have a clear view of the overall situation. Claiming that the HR and management setup is systemically corrupt is a specious claim. Yes, you do have claims... and probably your claims are shared by some Equifax top managers... **SUMMARY: do you know that, most likely, Equifax will file for bankruptcy? I am giving it 98% chance. Susan killed that company!** So you need to be more serious about this incident, what are the requirements for this job, and how corporation should handle certain areas and the people who should lead those areas."

13545

"Well, stay in ignorance then and ""trust"" the official sources and listen to the ""official story line"" all you want -- just don't call it ""science"" because it's not, it's *politics*. (I mean they would never LIE to you would they? Saddam MUST have had WMD somewhere... etc.) What you are neglecting is that most of those ""Official PhD sources"" are engaged in ""cover the asses"" of their own industries & professions. And there are plenty MD's and PhD's who have testified to the source problem -- plenty of well-documented KNOWN incidences of resistant strains long before antibiotics were used in animal feed -- the official orgs are just in a combination of poltical denial, CYA, and shift-the-blame mode. Do you seriously think that antibiotic resistant bacteria ([which pre-existed the use of antibiotics in animal feed](http://en.wikipedia.org/wiki/Antibiotic_resistance#Causes) -- and especially [MRSA (circa 1961)](http://en.wikipedia.org/wiki/Methicillin-resistant_Staphylococcus_aureus#History)) were somehow *caused* by using antibiotics in animal feed? What did the cows do, jump back a couple of decades with a cows-only time-machine and infect humans? I mean, get real already. The BS about people being infected with MRSA by cows is far beyond being dubious, it is simply historically false and virtually impossible (if anything it has to have been the other way around because MRSA was found in humans {hospitals} first... the same with VRSA and VRE -- they were all *iatrogenic* -- DOCTOR-bred)."

13573

"Thanks! I came across many books on credit risk in my google searches - what I'm really looking for is which one is the ""industry standard"" reading (does that make sense?). For example, in derivatives, everybody recommends John C. Hull's Options... book. Why of all the CRM books, do you recommend those three in particular?"

13582

tl;dr: Be patient, money is probably sitting somewhere, and it will eventually be credited back to your account. I had a similar problem about 10 years ago. I sent an international wire transfer, from my own bank account in Germany to my bank account in Central America. I had done this before, and there had been no issues, but in this case, even though all the information was correct, the bank rejected the wire because it was above $10K, and in that case, the bank needs written proof from the owner of the receiving account (me) , and so didn't know where the funds were coming from. I had to call the local Sparkasse bank in Germany, as well as an intermediary bank in London to sort it all out, and in total, had to wait about 3-4 weeks to get the money back in my Sparkasse bank account. At one point I thought I may never see that money back, especially since there was an intermediary bank to deal with, but it all worked out in the end.

13586

With the S&P 500's cyclically adjusted price to earnings ratio above 26 and inching closer to 30 everyday I would be inclined to disagree. Also price trends and technical indicators say nothing about over and undervaluation. If fact technical indicators are worthless in the real world.

13596

You have two different operations going on: They each have of a set of rules regarding amounts, timelines, taxes, and penalties. The excess money can't be recharacterized except during a specific window of time. I would see a tax professional to work through all the details.

13602

Save what you can. Due to compounding of interest, saving early is much more advantageous than saving the same amount later. Obviously you need money to live on, and you're entitled to spend some money on entertainment -- but set a budget on that and stick to that budget. Buying toys now deprives you of better toys later. You aren't saving for an uncertain future; you are saving for a certain future!

13621

"I read Rich Dad, Poor Dad and I must say, found a lot of value in it. And I like to think I have a very good understanding of finance - both personal and corporate. Econ major, have worked at several major brokerages dispensing financial advice for a living, including at my current employer. But I do remember, back in 2005, when I read Kiyosaki's book, signing up to be contacted by a ""Rich Dad Coach"" - or something like that. Basically, some guy at the Rich Dad company who would be a financial mentor or sorts. Long story short, the Rich Dad Coach asked for my credit score, which was high, and proceeded to recommend that I max out my credit to buy a house to flip in ""1-2 months."" Now, it's true that it could have worked. But was it good advice? Fucking hell no it wasn't. And I think he wanted 5k to coach me through the process. I could have made money doing it, even with paying him 5k, but SPECULATING by taking out personal lines of credit is not consistent with anything in the Rich Dad book. Showed me right there that while the book's advice may be good, that organization was just out to make a buck at the readers' expense."

13631

The answer provide by @mbhunter is correct, however there are contexts, shorting in spot market and carrying the position over settlement usually does not entail payment of dividend to the broker, one of the reason being post ex-date the price of the share downward adjusts to the extent of the dividend, so practically if you have shorted at 100 and post ex-date (assuming a dividend of 2 and no movement of the stock price), the price would slide to 98, the party who longed the stock @ 100 now is sitting on a price of 98 and received a dividend of 2 which equates to 100. The above is also contextual to the law of the country governing the exchange and the security exchange board regulations.

13645

Aside from the fact that there are massive problems with taxes, liability, fiduciary responsibility, and (assuming you're accepting any sort of compensation at all) licensing. The mere fact that you're asking this question indicates that you're probably not suitably qualified to handle this for others. Why not have someone qualified handle this?

13656

The first thing I assess when looking at new credit cards is whether it has no annual fee, the second thing I look at is how long the interest free period is. I always pay my credit card off in full just before the due date. Any rewards program is a bonus. My main credit card is with CBA, I have a credit limit of $20K and pay no annual fee. I get a bonus point for every $ I spend on it, for which I exchange for store gift cards to help with my everyday spending. Approximately 3500 point would get me a $25 gift card. But my main reward with the card is the interest I save by keeping my own money in a Home Loan Offset account whilst I spend with the Bank's money. Then I pay the full amount off by the due date so I do not pay any interest on the credit card. I only use my credit cards for purchases I would usually make anyway and to pay bills, so my spending would be the same with or without a credit card. I can usually save over $500 each year off my Home Loan interest and get about $350 worth of gift cards each year. If I didn't have any Home Loans then I would keep my money in a high interest depost account so I would be increasing my interest payments each year. Sure you can probably get credit cards with more generous rewards programs, but how much are you paying each year in annual fees, and if you don't have an interest free period and you don't pay off all the amount due each month how much are you paying in interest on the card? This is what you need to way up when looking at rewards programs on offer. Nothing is for free, well almost nothing !

13657

In short: yes, as long as you have Internet access. See, for example this question or this one about opening a brokerage account from outside the US. Your sister could even open an account here in the US and provide you with access. However, I'm guessing you're not a registered or even formally trained financial advisor and if you make bets with her money that don't work out well, she could get pretty upset with you. You might consider doing research from Bangladesh on good financial advisors and picking one (or a few) to recommend she go see in the US. EDIT: OP hopes to be a financial advisor in the future. Given that comment, I'd recommend looking into becoming a Certified Financial Planner (unless CFA suits your goals; you indicated that process is already underway), as a step towards that goal. Information about the certification in the US is here, in India here, and in some other countries here.

13666

"This is the best tl;dr I could make, [original](http://www.latimes.com/local/lanow/la-me-prison-costs-20170604-htmlstory.html) reduced by 75%. (I'm a bot) ***** > The cost of imprisoning each of California's 130,000 inmates is expected to reach a record $75,560 in the next year. > Gov. Jerry Brown's spending plan for the fiscal year that starts July 1 includes a record $11.4 billion for the corrections department while also predicting that there will be 11,500 fewer inmates in four years because voters in November approved earlier releases for many inmates. > Since 2015, California's per-inmate costs have surged nearly $10,000, or about 13%. New York is a distant second in overall costs at about $69,000. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6sg0yg/til_that_housing_a_prisoner_in_california_now/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~186368 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **inmate**^#1 **cost**^#2 **prison**^#3 **California**^#4 **population**^#5"

13672

like any share, valuing facebook requires a projection of earnings and earnings growth to arrive at a present value for the right to share in these future earnings. there are economic arguments to be had for facebook to see either a negative or positive future long term net income growth. given the uncertainty we can establish a very rough baseline value by treating it as a perpetuity (zero growth) discounted at historical equity growth rate (8%) with some very simple math. An annual net income of 900 million discounted at 8 percent in perpetuity is worth 11.25 Billion. Now, take into account the fact that tech stocks trade at an inflated PE multiple of around 3 times that of a mature company in an established industry (PE x10-20 for average stocks and anywhere between x30-60+ for tech stocks), and I would expect the market cap for this perpetuity to be around 34 Billion. A market cap of 34 billion is a share value of around 15.5, which is the point where I would take up a long position with fair confidence. I do think that the share deserves a premium for potential income growth (despite the current and potential future revenue losses) simply due to the incredibly large user base and the potential to monetize this. Of course, it wasn't worth the 22 dollar premium that IPO buyers paid but its worth something. I think there is simply too much uncertainty for me to go long in the next 6 months unless it hits 15/share which may never happen. If the company can monetize mobile and show quarterly results in the next year I would consider a long position for anywhere from 15-20 a share.

13679

Less than 1/5th of the country. Narrowing down the demographics based on margins it was rural, uneducated, 45-64 year old white guys who weren't bothered by Trump sexually harassing women that really got him the vote [according to the exit polls.](http://www.foxnews.com/politics/elections/2016/exit-polls)

13680

The Trump tax plan is strongly modeled on the Kansas's Republican Governor's tax plan. Given that it was fairly radical in size (corporate tax rate to zero), and eventually it was repealed by the Republican Kansas legislature, I think folks should look at some of the research on [the great Kansas tax cut experiment](https://www.brookings.edu/blog/unpacked/2017/07/11/the-kansas-tax-cut-experiment/). PS: Trump's current tax plan is pretty different than the tax plan he campaigned on and talked about in his standard stump speech which was pretty populist and not shocking, i.e. a broad middle class tax cut vs. the current plan which is geared primarily to benefit the rich and corporations.

13698

Most commodities offer something of value inherent in itself. The bitcoin does not. If people don't trust or want to use bitcoin as a currency, bitcoin is useless. If people don't like or trust coffee beans anymore, you can still make a cup of coffee with them.

13709

I go to a brewpub if I want a good steak. And I can get beer that was brewed in house. If I want good wings or burger I go to a real bar. If I want good ribs I go to a BBQ place. They are only roughly 15% more expensive than Applebees and Fridays anymore and the quality far exceeds the price difference.

13712

>The Fair Labor Standards Act (FLSA) does not define full-time employment or part-time employment. This is a matter generally to be determined by the employer. Whether an employee is considered full-time or part-time does not change the application of the FLSA, nor does it affect application of the Service Contract Act or Davis-Bacon and Related Acts wage and fringe benefit requirements. http://www.dol.gov/dol/topic/workhours/full-time.htm#.UI4A4MXR4bI

13715

Would you buy this used car, in its current condition but with new tires, for the price of the tires? If so, buy the tires.

13718

There are two Questions: Financial institutions do not care about your nationality, only your ability to pay over time. For long term debt the lender will want assurances that the borrower has the ability and means to pay the debt over time. A legal resident in the US should have no more difficulty obtaining financing than a citizen under similar life circumstances. The Lender is also under legal obligation to confirm that the borrower is who they say they are, will have the ability to pay over time AND have no malicious intent in the purchase. Persons who do not have legal status in the US, AND who do not have the means to pay for property outright will have difficulty obtaining financing as they will have trouble establishing the requirements of the Lender. This is simple math, a lender will be reluctant to lend to any person who is more likely to have difficulty paying the obligation than another. In your case Your father would be an unlikely candidate for a mortgage because he cannot establish his legal status nor can he guarantee that he will have the legal right to earn a means to pay the loan back. This puts the lender at risk both of losing the money lent AND losing the right to repossess the property if the borrower doesn't pay. Despite all of the obstacles I have indicated above, it is still possible for your father to purchase property legally, but the risk and the cost go way up for him as a borrower. There may be sellers willing to finance property over time, but your father's status puts him at a disadvantage if the seller is not honest. There may be community coalitions which can help you work through the challenges of property ownership. Please see these related articles