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594097 | How are these zoning laws enforced and drawn up? Who ensures they are properly followed? Who handles penalties when they are not followed? Who handles disputes when right-of-way issues come up? How is all this done while still maintaining the rights of those who actually live on the land and may not have massive bank accounts? How are all these people, doing things that actively get in the way of a business doing what it wants and is ultimately seen by those that just want to build something as a feckless bureaucracy, get paid? |
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594106 | No it wouldn't. You'd have to change the law to make **both** settlements and damages non-deductible. In another comment on this thread I wrote about what's deductible and what's not. The **fine** paid to the government is not deductible. The **damages** or **restitution** paid to another party are. Since a settlement is essentially damages and/or restitution paid to someone who's not the US Government, then it's deductible. I haven't read the case law, but I'm sure that the argument is that since they got money that they shouldn't have in the first place, then they shouldn't have to pay taxes on it. Otherwise, what's to stop the IRS from making them pay taxes on phantom income all over the place? The fine paid to the Govt is the punishment, and I'm sure that the prosecutors aren't complete morons and do take the tax consequences into consideration. |
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594114 | >it will be supplanted by another ride-sharing company. Uber is essentially a transnational minicab company at its heart, it isn't really a ride-sharing anything, someone doing ride sharing well could absolutely eat significantly into uber's space, but probably not supplant it (And Uber is doing a whole slew of things now too..). |
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594122 | If for every buyer, there's a seller, doesn't that also mean that there were $25B in outflows in the same time period? Yes for every buyer there is a seller. The inflows are not being talked in that respect. about there being $25B in inflows to US equity markets since the election...what does that mean? Lets say the index was at X. After a month the index is at X+100. So lets say there are only 10 companies listed. So if the Index has moved X to X+100, then share price S1 has moved to S1+d1. So if you sum all such shares/trades that have increased in value, you will get what in inflow. In the same period there could be some shares that have lost value. i.e. the price or another share was S2 and has moved to S2-d2. The sum of all such shares/trades that have decreased in value, you will get outflow. The terms are Gross outflow, Gross inflow. In Net terms for a period, it can only be Inflow or outflow; depending on the difference between inflow and outflow. The stats are done day to day and aggregated for the time period required. So generally if the index has increased, it means there is more inflow and less outflow. At times this analysis is also done on segments, FI's inflow is more compared to outflow or compared to inflow of NBFI or Institutional investors or Foreign participants etc. |
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594157 | There's no need to move it to a different currency, but if your bank is in Portugal, Ireland, Italy, Spain or Greece, you might consider moving it to a different Eurozone country. Finland, Austria, Germany or the Netherlands seem safest at present. There's a small risk of a forcible Eurozone exit followed by redenomination of bank deposits into a new currency that will immediately collapse. |
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594159 | I did a historical analysis a few years back of all well-known candlestick patterns against my database of 5 years worth of 1-minute resolution data of all FTSE100 shares. There wasn't a single pattern that showed even a 1% gain with 60% reliability. Unfortunately I don't have spread data other than for a handful of days where I recorded live prices rather than minutely summaries, but my suspicion is that most of the time you wouldn't even earn back the spread on such a trade. |
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594172 | "Comment from the article: ""In effect, Google acquired the talent it needed, got the IPR it wanted, and did not have to purchase the whole company and bring in the baggage it did not want. What an Amazing deal for Google. I have no idea where this leaves HTC, though."" Could not agree more. Not sure how HTC is winning in this aspect. I guess we will have to wait and see." |
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594175 | No, I don't mix business and personal affairs. |
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594182 | Have you considered doing some small freelance programming jobs? One site I like for this type of thing is eLance.com, but I am sure there are others. Heck, you are soon going to be up all night anyway, why not earn some cash during those hours the rest of us foolishly waste on sleep? |
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594187 | Excellent question for a six year old! Actually, a good question for a 20 year old! One explanation is a bit more complicated. Your son thinks that after the Christmas season the company is worth more. For example, they might have turned $10 million of goods into $20 million of cash, which increases their assets by $10 million and is surely a good thing. However, that's not the whole picture: Before the Christmas season, we have a company with $10 million of goods and the Christmas season just ahead, while afterwards we have a company with $20 million cash and nine months of slow sales ahead. Let's say your son gets $10 pocket money every Sunday at 11am. Five minutes to 11 he has one dollar in his pocket. Five minutes past 11 he has 11 dollars in his pocket. Is he richer now? Not really, because every minute he gets a bit closer to his pocket money, and five past eleven he is again almost a week away from the next pocket money On the other hand... on Monday, he loses his wallet with $10 inside - he is now $10 poorer. Or his neighbour unexpectedly offers him to wash his car for $10 and he does it - he is now $10 richer. So if the company got robbed in August with all stock gone, no insurance, but time to buy new stock for the season, they lose $10 million, the company is worth $10 million less, and the share price drops. If they get robbed just before Christmas sales start, they don't make the $20 million sales, so they are $10 million poorer, but they are $20 million behind where they should be - the company is worth $20 millions less, and the share price drops twice as much. On the other hand, if there is a totally unexpected craze for a new toy going on from April to June (and then it drops down), and they make $10 million unexpectedly, they are worth $10 million more. Expected $10 million profit = no increase in share price. Unexpected $10 million profit - increase in share price. Now the second, totally different explanation. The share price is not based on the value of the company, but on what people are willing to pay. Say it's November and I own 100 shares worth $10. If everyone knew they are worth $20 in January, I would hold on to my shares and not sell them for $10! It would be very hard to convince me to sell them for $19! If you could predict that the shares will be worth $20 in January, then they would be worth $20 now. The shareprice will not go up or down if something good or bad happens that everyone expects. It only goes up or down if something happens unexpectedly. |
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594206 | Just browsed their website. Not a single name of anybody involved. Their application process isn't safe(No https usage while transferring private information). And considering they contacted you rather than you contacting them, I will be very wary about how they got my details. And they are located in Indonesia. And a simple google takes me to a BOILER SCAM thread. So all in all you have been scammed. Try asking for your money back, but may not be that helpful. Next time before giving your money to somebody, do some due diligence. These type of scams aren't new and are very common. |
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594218 | In the US, illegal. Giving free investment advice (opinions) is really hard to get arrested for. Might lose you a friend, but nothing that would get cross-wise with the Securities and Exchange Commission. That said, I would never put those opinions in writing. |
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594226 | Edit: This is paywalled so I pasted it here. LONDON—The synthetic CDO, a villain of the global financial crisis, is back. A decade ago, investors’ bad bets on collateralized debt obligations helped fuel the crisis. Billed as safe, they turned out to be anything but. Now, more investors are returning to CDOs—and so are concerns that excess is seeping into the aging bull market. In the U.S., the CDO market sunk steadily in the years after the financial crisis but has been fairly flat since 2014. In Europe, the total size of market is now rising again—up 5.6% annually in the first quarter of the year and 14.4% in the last quarter of 2016, according to the Securities Industry and Financial Markets Association. Collateralized debt obligations package a bunch of assets, such as mortgage or corporate loans, into a security that is chopped up into pieces and sold to investors. The assets inside a synthetic CDO aren’t physical debt securities but rather derivatives, which in turn reference other investments such as loans or corporate debt. During the financial crisis, synthetic CDOs became a symbol of the financial excesses of the era. Labelled an “atomic bomb” in the movie “The Big Short,” they ultimately were the vehicle that spread the risks from the mortgage market throughout the financial system. Synthetic CDOs crammed with exposure to subprime mortgages—or even other CDOs—are long gone. The ones that remain contain credit-default swaps referencing a range of European and U.S. companies, effectively allowing investors to bet whether corporate defaults will pick up. Desperate for something that pays better than basic government bonds, insurance companies, asset managers and high-net worth investors are scooping up investments like synthetic CDOs, bankers say, which had largely become the preserve of hedge funds after 2008. Investment banks, which create and sell CDOs, are happy to oblige. Placid markets have made trading revenue weak this year, and such structured products are an increasingly important business line. Synthetic CDOs got “bad press,” says Renaud Champion, head of credit strategies at Paris-based hedge fund La Française Investment Solutions. But “that market has never ceased to fully function,” he added. These days, Mr. Champion still trades synthetic CDOs, receiving a stream of income for effectively insuring against a sharp rise in European corporate defaults. Many investors, though, still view the products as unnecessarily complex and are concerned they may be hard to offload when markets get choppy—as they did in the last crisis. From the DepthsThe amount outstanding of European collateralized debt obligations has been growing again after years of shrinking. “We don’t see that demand from our clients and we wouldn’t recommend it,” said Markus Stadlmann, chief investment officer at Lloyds Private Banking, citing concerns over the products’ lack of transparency and lack of liquidity, meaning it could be hard to offload a position when needed. The return of synthetic CDOs could present other risks. Even if banks are currently less willing to loan money to help clients juice returns, credit default swaps can be very leveraged, potentially allowing investors to make outsize bets. Structured products accounted for nearly all the $2.6 billion year-on-year growth in trading-division revenue at the top 12 global investment banks in the first quarter, according to Amrit Shahani, research director at financial consultancy Coalition. “There has been an uptick in interest in any kind of yield-enhancement structure,” said Kokou Agbo-Bloua, a managing director in Société Générale SA’s investment bank. The fastest growth this year has come in credit—the epicenter of the 2007-08 crisis. The top global 12 investment banks had around $1.5 billion in revenue in structured credit in the first quarter, according to Coalition, more than doubling since the first quarter of 2016. Structured equities are largest overall, a business dominated by sales of derivatives linked to moves in stock prices, with revenue of $5 billion in the first quarter. “The low-yield environment hurts,” said Lionel Pernias, a credit-fund manager at AXA Investment Managers. “So there are a lot of asset owners looking at structured credit.” These days, the typical synthetic CDO involves a portfolio of credit-default swaps on a range of companies. The portfolio is sliced into tranches, and investors receive payouts based on the performance of the swaps. Those investors owning lower tranches tend to get paid more but are subject to higher losses if the swaps sour. Structured GrowthBank revenues from structured products such as collateralized debt obligations are rising faster than conventionaltrading of stocks, bonds and currencies. For instance, an investor can sell insurance against a pick-up in defaults in the lowest—or “equity”—tranche of the iTraxx Europe index, a widely traded CDS benchmark that tracks European investment-grade companies. In return, the investor will receive regular payments, but those will shrink with every company default and stop altogether once 3% of the portfolio has been wiped out through defaults. During the financial crisis, synthetic CDOs based on standardized indexes like iTraxx Europe suffered losses as traders expected defaults to pick up. Investors who held on, though, have since done “great,” says Mr. Champion. Investors who agreed to insure against a rise in defaults for 10 years on the equity tranche of the iTraxx Europe index in March 2008 have made roughly 10% a year, according to an analysis of data from IHS Markit . That’s despite defaults from two companies in the index: Italian lender Monte dei Paschi di Siena and Portugal Telecom International Finance BV. In contrast, investors who sold insurance on tailored CDOs packed with riskier credits—such as Icelandic banks or monoline insurers—would have been on the hook for losses. Synthetic CDOs have evolved since the crisis, bankers say. For instance, most are shorter-dated, running up to around two to three years rather than seven to 10 years. Some banks will only slice and dice standardized CDS indexes that trade frequently in the market rather than craft tailored baskets of credits. There are also fewer banks involved in arranging these trades. Those active include BNP Paribas SA, Citigroup Inc., Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Société Générale. Postcrisis regulations have forced banks to set aside more capital against these transactions and use less leverage. That has encouraged banks to parcel out the risk to clients rather than keeping it on their own books. “There is a lot more regulation and scrutiny and a lot less leverage,” said Mr. Agbo-Bloua. Mr. Champion says he only trades tranches based on standardized CDS indexes, which he says are easier to buy and sell than more tailored products. Currently, he sees value in selling default protection on super-senior tranches. Mr. Champion said he has to lay down only around $1 million in upfront margin costs on a $100 million trade of this kind. “The cost of leverage in the derivatives space is very low,” he said. Any expectations of default rates picking up could inflict losses on synthetic CDOs, though at the moment analysts forecast they should decline. Still, the memory of how the market behaved in the immediate aftermath of the financial crisis is likely to keep many investors on the sidelines. “If you’re the person responsible for buying the synthetic CDO that suddenly goes wrong, your career risk is bigger than if you’d bought a plain vanilla bond that goes wrong. It has a bad name,” said Ulf Erlandsson, a portfolio manager at start-up hedge fund Glacier Impact, who until recently oversaw credit for one of Sweden’s public pension funds. |
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594233 | You started with the unsupported statement; I would think you need to justify your position first before attacking theirs. Edit: thanks for updating parent comment. Those are more opinion pieces though, facts to backup how obomacare and Dodd Frank harmed the middle class would make a stronger argument. Edit edit and for those down voting you mistake my position, I'm trying to encourage productive discourse. I think both parties are dirty liars. |
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594248 | I'm a bot, *bleep*, *bloop*. Someone has linked to this thread from another place on reddit: - [/r/talkbusiness] [The Best-Performing CEOs in the World 2017](https://np.reddit.com/r/talkbusiness/comments/78a2i1/the_bestperforming_ceos_in_the_world_2017/) [](#footer)*^(If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads.) ^\([Info](/r/TotesMessenger) ^/ ^[Contact](/message/compose?to=/r/TotesMessenger))* [](#bot) |
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594252 | "I haven't seen anything specifically about how PayPal operates, but my guess is that they maintain relationships with banks in many countries via affiliates, and they settle the money transfers internally within the PayPal system. You basically have two types of bank transfers (there are others as well that I'm not getting into): I think PayPal is a hybrid -- they send and receive money using drafts to keep costs down, and manage the international stuff by operating a proprietary network. So if you send money from Indonesia to the US, you pay ""PayPal Indonesia"", who then tells ""PayPal USA"" to issue funds to your recipient. So they are cheaper than a wire, faster than a check, but limited in terms of transaction size and some other factors." |
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594253 | Or maybe it's because Ivy League grads end up in positions of power, allowing them to get involved in such scandals. 3 groups? That doesn't sound like many data points. Also sounds like a significantly low percentage of all the Ivy Leaguers on Wall Street |
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594256 | There are a few issues: 1. Googlers', FB's et al (Brin&Page, Zuck, Sandberg) image as world saviors (pledging money, cancelling death etc...), while they finance hedenostic idleness. 2. These are public companies, so I guess this decadence is funded by public money. So there is a huge issue - especially when scores of people go unemployed. |
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594257 | "My original plan was to wait for the next economic downturn and invest in index funds. These funds have historically yielded 6-7% annually when entered at any given time, but maybe around 8-9% annually when entered during a recession. These numbers have been adjusted for inflation. Questions or comments on this strategy? Educate yourself as index funds are merely a strategy that could be applied to various asset classes such as US Large-cap value stocks, Emerging Market stocks, Real Estate Investment Trusts, US Health Care stocks, Short-term bonds, and many other possibilities. Could you be more specific about which funds you meant as there is some great work by Fama and French on the returns of various asset classes over time. What about a Roth IRA? Mutual fund? Roth IRA is a type of account and not an investment in itself, so while I think it is a good idea to have Roth IRA, I would highly advise researching the ins and outs of this before assuming you can invest in one. You do realize that index funds are just a special type of mutual fund, right? It is also worth noting that there are a few kinds of mutual funds: Open-end, exchange-traded and closed-end. Which kind did you mean? What should I do with my money until the market hits another recession? Economies have recessions, markets have ups and downs. I'd highly consider forming a real strategy rather than think, ""Oh let's toss it into an index fund until I need the money,"" as that seems like a recipe for disaster. Figure out what long-term financial goals do you have in mind, how OK are you with risk as if the market goes down for more than a few years straight, are you OK with seeing those savings be cut in half or worse?" |
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594280 | Retained earnings is different from partner capital accounts. You can draw the money however the partners agree. Unless money is specifically transferred to the capital funds, earnings will not show up there. |
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594303 | Options, both puts and calls, are typically written/sold at different strike prices. For example, even though the stock of XYZ is currently trading at $12.50, there could be put options for prices ranging from $0.50 to $30.00, just as an example. There are several factors that go into determining the strike prices at which people are willing to write options. The writer/seller of an option is the person on the other side of the trade that has the opposite opinion of you. If you are interested in purchasing a put on a stock to hedge your downside, that means the writer/seller of the put is betting that you are wrong and that the stock price will rise instead. |
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594305 | I am a trader for a large financial services firm. Years ago, I got my CFA charter because I didn't have a finance background (I studied computer science). I learned a bit about all aspects of finance and my trading profits definitely improved. I also like principles and ethics associated with being a charter holder. However, I already had a very good job and didn't *need* the credential. I would recommend you stick with it! It is a testament to yourself when you successfully complete tough tasks. |
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594308 | "People who choose ""good enough"" (satisficers) tend to be happier than people who choose ""the best"" (maximizers), see link. So decide you want to be a satisficer for most decisions, and then work at it: deliberately limit the amount of time you spend on a small decision, and celebrate a non-optimal decision. Decide to be good to yourself, and say it out loud. Practice the skill." |
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594320 | "> and very doubtful once normalized for socioeconomics that race is at all a factor. Very doubtful? Once you account for socioeconomic status in violent crime, you find that blacks commit way more violent crime. For example, there are twice as many white people under the poverty line in America than there are poor black people. And yet, [you get these results](https://infogram.com/us-crime-in-black-and-white-1gzxop49q0okmwy). So that's one instance where ""controlling for socioeconomic"" status doesn't matter. Culture has more of an impact than you think. My friend works in an insurance industry where the target market is poor people. He no longer advertises heavily in black communities, after tracking his stats for years, as inevitably over 50% of his black clients do not pay their bills unless you literally swing by their house to collect the check whenever they forget to pay. Meanwhile, white people with the same amount of wealth stay on the books over 90% of the time after signing up. How do you explain that? This study indicates that not everybody should be getting degrees. And certainly not joke degrees that leave people unemployable/in debt." |
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594322 | Once you click on the link, you will now see a button on the page. Go ahead and click this button. Here we will be able to select our hosting plan. We will see three different options. We will see a base, plus, and a top rate option. If you have more than one website, you can choose either the Plus Plan or the Prime Plan. Go ahead and press the Select button when you find the plan you want. We are now brought to a domain page, where we can choose the domain name we want completely free of charge. If you already have a domain name, you will see that you can enter it on the right side. When you get a new domain name type, what you want to see when it is available. Be sure to choose a domain extension that you like like .com, .net, .org, etc … Now select the next button. We are now in creating your account page and here we will enter our information. Below we see package information and contact plan. Here we can select the term for our hosting package. So we can choose 12 months, 24 months and 36 months. You’ll see the longer you go your hosting plan for yours to get a discount and it will actually be cheaper. You see the setup fee is completely free and the domain name is free. |
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594345 | Saudi isn't going to listen to China. Albeit China is an important trading partner for Saudi, it doesn't have anywhere near the leverage America has. Actually, Japan has a better relationship with Saudi Arabia than the latter does with China. Saudi riyal is pegged to the dollar and so it remains as strong as it possibly can. The USD is simply the most stable currency, the petrodollar is an exaggerated reason as to why it is. US imports are almost the same as the China in terms of percentage but the US sells lots of weapons to Saudi Arabia. China doesn't have the amount of investment into Saudi Arabia like US companies do. China and the yuan are not substitutes to the US and usd. |
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594346 | Fair statement but two points: 1) slow change in politics is one of the primary intentions of the design of our system from the beginning. 2) these reference points are all over the map. Pairing economic trends with wars makes things seem more drastic than they are. We all knew from the beginning volker and other regulations weren't going to change shit. The reality is that the market is back to all time highs. We're up something like ~12% already this year alone. Beyond that I don't agree with using the market as a proxy specifically for the reason that, while the market is crushing it, us average joes don't feel that. The more important metric would be incomes and net worth of the middle class. Which, according to Buffet is at all time historical highs, though I'm not sure I agree with that either. |
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594348 | Do you mean, like for instance to steal their money? There is a way to wrestle control away from the 0.1%, but it will seem perfectly counter-intuitive to you. that would be to get the federal government out of the economy. Cut regulations, eliminate subsidies, shrink the federal government. The rich and powerful stay rich and powerful by harnessing the power of the Federal government |
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594367 | That would be the ultimate in insider trading. They made a stock transaction knowing in advance what was going to happen to the share price. They could easily expect to face jail time, plus the CEO would still face lawsuits from the board of directors, the stockholders and the employees. |
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594375 | So, given this number, you need to work at least 25 years in that scenario to break even. Contingencies such as losing your job, being unemployed, or working for lower salary are excluded of course. I'm also highly dubious that everyone with college degree reaches such a differential. 90% of the people will not reach 300-400K more in their lifetime. |
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594378 | This is a shameless, karma whoring repost. It's incredibly misleading as Blockbuster was investing in streaming technology at the time but just did not believe that purchasing Netflix was the right decision. This is been posted on TIL 1 million times before. |
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594414 | "Here's an excerpt from VISA's Card Acceptance Guidelines for Visa Merchants (PDF) The merchant name is the single most important factor in cardholder recognition of transactions. Therefore, it is critical that the merchant name, while reflecting the merchant’s “Doing Business As” (DBA) name, also be clearly identifiable to the cardholder. This can minimize copy requests resulting from unrecognizable merchant descriptors. Merchant applications typically list the merchant name as the merchant DBA. This may differ from the legal name (which can represent the corporate owner or parent company), and may differ from the owner’s name which, for sole proprietorships, may reflect the business owner. I think that the key statement above is ""Therefore, it is critical that the merchant name [...] be clearly identifiable to the cardholder."" Since this merchant was not clearly identifiable to the cardholder, they are in breach of a critical point in these guidelines. This is from VISA, but I would assume that all other major credit cards would have similar guidelines for their merchants. However keep in mind that these are ""guidelines"", and not (necessarily) rules." |
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594425 | PepsiCo is being ostracized and sued for making a drink that is no different than soda. Where is the uproar about their making soda? Corporations have a right to make whatever product they believe will sell and its up to the consumer to educate themselves on whether they want to purchase. |
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594437 | Dear Friend, thank you for watching my video! Bad Baby Learn Colors with Lollipop Candy Nursery Rhymes Finger Family Song by Eva TV Steal Chips Johny Johny Yes Papa Song Learn Colors with Bad Baby Nursery Rhymes https://www.youtube.com/watch?v=Evl4odr8xho Five Little Babies Jumping on the Bed Song Nursery Rhymes Songs for Kids https://www.youtube.com/watch?v=hIAMkUdZ1QA #Learn Colors #Colours #forKids #forChildren #NurseryRhymes #FingerFamily #BadBaby #BadKid #LollipopCandy#SongsforChildren #EvaTV |
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594442 | "In the UK, one quirky option in this area (OK, admittedly it's not a passive) is the ""Battle Against Cancer Investment Trust"" (BACIT). Launched in 2012, it's basically a fund-of-funds where the funds held charge zero management charges or performance fees to the trust, but the trust then donates 1% of NAV to charity each year (half to cancer research, investors decide the other half)." |
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594443 | "I am leaning more towards the belief that Amazon registered for the patent to keep other competitors from using such a system. I mean, the article even states: ""The Washington Post is owned by Jeff Bezos."" You'd have to be an imbecile to allow a newspaper organization that you own to post an article that is defaming your latest patent. As sick of a human being Jeff may be, he's a billionaire for one reason: brilliance. He intended to have this information released to competitors. Nonetheless, this is a very ominous and scary technological innovation. The rapid, unrestricted pace of technology is beginning to frighten me." |
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594449 | >I believe he was recommended by one of the investors. Reddest of flags. >the person who invested the most (I believe they own 40%) has his wife doing the taxes and paperwork I stand corrected. >I think it was my friend who knew this manager and hired him due to a past relationship they had. That's a little better, but still not great. >For more insight, my friend actually owns another 2 bars that are quite successful, but it seems he's completely not invested in this one despite owning 30%. I'd talk to that friend, and keep nipping on his heels about it, rather than us. We're too far removed to get a good view of the situation. |
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594458 | "carly was a symptom, not necessarily a cause. how could the board have let in such an employee hostile leader? remember ""the hp way"" book they distributed to every employee? it was terribly written, but i think dave knew what was on the horizon." |
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594461 | The RRSP is like our 401(k), right? money goes in pre-tax? I'd go with that. Over time, you stand a near certain chance to get a better return than your mortgage rate. |
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594475 | "This is a very important question and you will find arguments from both sides, in part because it is still understudied. Ben Golub, Economics Ph.D., from Stanford answers ""Is high-frequency trading good for the economy?"" on Quoram quite well. This is an important but understudied question. There are few published academic studies on it, though several groups are working on the subject. You may be interested in the following papers: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1569067 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1361184 These document some of the phenomena that arise in high frequency trading, from a theoretical and an empirical perspective. However, a full equilibrium analysis of the unique features of high frequency trading is still missing, and until it is done, all our answers will be kind of tentative. Nevertheless, there are some obvious things one can say. Currently, high frequency traders are competing to locate physically closer and closer to exchanges, because milliseconds matter. Thus, large amounts of money are being spent to beat other market makers by tiny fractions of a second. Once many firms make these investments, the market looks like it did before in terms of competition and prices, but is a tiny bit faster. This investment is unlikely to be socially efficient: that is, the users of the market don't actually benefit from the fact that their trades are executed half a millisecond faster -- certainly not enough to cover all the investment that went into making that happen. Some people who study the issue believe that high frequency trading (HFT) actually exacerbates market volatility; some plots to this effect are found in the second paper linked above. There is certainly no widely accepted theory that says faster trading technology necessarily increases efficiency, and it is easy to think of algorithms that can make money (at least in the short run) but hurt most other investors, as well as the informational value of the market. One caution is that some of the complaining about HFT comes from those who lose when HFT gets better -- old-style market makers. They certainly have an incentive to make HFT out to be very bad. So some complaints about the predatory nature of HFT should be taken with a grain of salt. There is no strong economic consensus about the value of this activity. For what it's worth, my personal impression is that this is more bad than good. I'll post an update here as more definitive research comes out. You can also find a debate on High-frequency trading from the Economist which gives both sides of the argument. In conclusion: Regardless of how you feel about HFT it seems like it's here to stay and won't be leaving in the foreseeable future. So the debate will rage on... Additional resource you may finding interesting: Europe Begins Push To Ban HFT High Frequency Trading Discussion On CNBC Should High Frequency Trading (HFT) be banned ?" |
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594478 | This doesn't really make sense, as the small cap indices have a similar rate of growth as the s&p 500. The global scale has some relevance, but exports are included in GDP as well, so it's not the full story. A better answer, as is noted in comments lower down, is that the S&P does not **grow** at 6%. It *returns* 6% per year. The dividend yield of the s&p is a bit over 2%. Dividends are not growth, they are simply income; they may also grow themselves, but rarely by 6% per year (in real terms). Additional income that's not paid out in dividends probably amounts to another 1-2%. Growth is the final 1-3%, which makes it roughly match GDP. |
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594483 | Because of the way checks are processed, you can't write a check for $100 million or more: http://www.bankingquestions.com/checksyoureceived/q_limitfunds.html The field used for 'amount' has 10 digits, so anything at/above 10^10 cents (which would require 11 digits) can't be processed, at least not by normal means. |
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594500 | "Well, according to the chicken-littles out there, it was supposed to crash at the end of July with the introduction of FACTA's Global Intermediary Identification Numbers. Pay close attention to the future treasury auctions and the FedResInk's transition from market ""involvement"" to ""commitment""." |
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594502 | I've been stuck in that situation for 10+ years. Now with rent being so high even with roommates it still is crazy, you really need to keep pushing to make more money if you stagnate like I have you'll regret it. |
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594508 | Bienvenue sur le site du Groupe Vectory Vectory est synonyme depuis 1993, de prestations de conseil en entreprise. Grâce à notre savoir-faire acquis tout au long de ces années, nous sommes en mesure doffrir à nos clients un service de conseil et de gestion dentreprise de premier plan. Notre objectif est de répondre aux besoins de nos clients et porteurs de projet qui sont le centre de toute notre attention, afin de pouvoir leur proposer des solutions daccompagnement financier performantes et efficaces sur le long terme. Chaque jour nous nous efforçons de répondre aux attentes des entrepreneurs et des porteurs de projet que ce soit à notre siège de Lausanne ou dans lun de nos établissements dans toute lEurope. Grâce à notre site, vous pourrez consulter nos deux différentes et principales activités qui sont le conseil en entreprise, et le capital-risque. Bienvenue chez Vectory. |
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594529 | 1) You parents will have to pay tax on the gain as it wasn't their primary home. You don’t pay Capital Gains Tax when you sell (or ‘dispose of’) your home if all of the following apply: As I look at it, it is your parents are the ones who own the property and they will have to pay on £60000. But as you say you pay part of the mortgage, I would go to a tax advisor/accountant to confirm if they will only pay on the £15000. I couldn't find any guidance on that matter on gov.uk 2) Inheritance tax will not be levied on it as it is below £325000, but tax will be levied on £325000, less £3000 annual gift allowance. Two articles for further information - GOV.UK's Tax when you sell your home Money.co.UK's Gifting money to your children: FAQs |
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594531 | "I am co-owner of a business, and we incorporated federally. (Mostly to limit liability.) There is some excellent information above, and most of my wisdom I got from a trusted lawyer and accountant (find experts you trust in these two areas, they will prove invaluable in so many areas.) The one point I would add is that if you decide to incorporate, you can do so federally or provincially. We were all set to go provincially, when our lawyer asked ""Is there any chance you might move the business? Any chance you might want to do work in other provinces? What about next year? Five years?"" If you are going through the expenses to set up a corporation, consider doing so federally, the extra costs were insignificant, but someday you might be glad you don't have to start from scratch. In this day and age, many people end up moving out of province for work, family concerns, etc." |
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594544 | "You don't understand our current system at all if you think people aren't making decisions for you. This is a false narrative pushed by insurance companies trying to get us back to the system that got us here. We spend the most & get the overall worst outcomes of any industrialized nation. ACA's failures were bullshit put in by the GOP & collusion by insurance companies and Republican governors. It wasn't perfect, but it would have been a helluva lot closer if the GOP hadn't lied and colluded through the process. Their 217 amendments were mostly garbage add-ons. I actually read it. Our military would be a ""failure"" if its funding was constantly threatened & fucked with and colluded against by government & private companies. Source: I wrote the 20 year health plan for the Republican Governor of the State of Florida ten or so years ago and have lobbied & built facilities and other projects in healthcare before I left to work in startups." |
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594560 | Couldn't you sneak by those questions with an undergrad in finance? I heard Level 1 is a lot of stuff you learn in undergrad (except ethics, I heard that section usually nabs people). I'm glad you grill those people though. I have a friend/former classmate who signed up for the test mainly just so he could put that he was a candidate on his resume and get a good job. He ended up scoring a pretty decent job too, not sure how much of it was owed to the CFA candidacy. Trying to take the CFA this December to help with attaining a job after the spring semester if I can get a CFA scholarship. |
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594561 | Unless trump supporters went and decided they can now get a job now that obama isn't in office, that's exactly what I'm saying. Everyone was hiring before trump got in office, everyone still is. I'll put money on the fact more doctors and teachers being hired have nothing to do with trump taking office. |
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594585 | > Though I'd counter that if your goal is to manipulate economic exchanges between individuals with the intention of guiding the economy at large to a specific desired outcome, I think that capitalism is not the economic system for you :P You are very mistaken. Capitalism is all about incentives. Don't confuse capitalism with anarchism. The government is very important in capitalism as establishing the rules of the market and playing the referee role. |
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594595 | The issue is that the lender used two peoples income, debts, and credit history to loan both of you money to purchase a house. The only way to get a person off the loan, is to get a new loan via refinancing. The new loan will then be based on the income, debt, and credit history of one person. There is no paperwork you can sign, or the ex-spouse can sign, that will force the original lender to remove somebody from the loan. There is one way that a exchange of money between the two of you could work: The ex-spouse will have to sign paperwork to prove that it is not a loan that you will have to payback. I picked the number 20K for a reason. If the amount of the payment is above 14K they will have to document for the IRS that this is a gift, and the amount above 14K will be counted as part of their estate when they die. If the amount of the payment is less than 14K they don't even have to tell the IRS. If the ex-souse has remarried or you have remarried the multiple payments can be constructed to exceed the 14K limit. |
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594609 | I'm extremely suspicious of the assertion that tenure is a good proxy for quality of teaching. I'd like to see some sort of backing to that claim. Also, I'm not so sure that performance measurement of students is all that difficult--after all, thousands of secondary institutions do it every year and generally do a pretty good job. There are certain basic skills that primary school-aged children need to have, and we have reasonably good metrics to determine if they have them. Gaming the system only occurs with improper alignment of incentives, which is clearly a difficult challenge but not one that I think is insurmountable. |
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594614 | Though I have never had construction loan, for a regular loan this clause only covers the period between when you submit the forms, and when you close on the loan. Normally the construction loan is converted into a regular mortgage after the home is completed. The lender wants to make sure that you don't do anything that will make it impossible for the loans to close. They are concerned about new or enlarged loans. They also care about spending the down payment money on something else. When I was selling my condo, the purchaser bought a new car the week before closing. That made closing very interesting. |
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594615 | Decades ago, huge quantities of gold was being pulled from this town, making it one of the richest place in California. But earlier this month, a different incident of obtaining gold nuggets earned the ire of locals. Two men wearing suspicious clothing and carrying a crowbar apparently went in the Siskiyou Count courthouse through the men’s restroom window. The courthouse is home for the display of California’s most revered collection of gold. The robbers appeared to have made a hole in the bulletproof glass at 1.00 am through which they have grabbed a million-dollar-worth in gold nuggets. Their stash included a rare 28-ounce specimen from 1913, called ‘the shoe’. They might have escaped several hours before the heist was discovered at seven in the morning. The robbers got away with 351 ounces out of a 624-ounce set that has a value of USD 3 million for the quality of the specimen. Residents are undeniably angry for what happened, saying that it would have been more forgivable to rob a bank than stealing a piece of their heritage which cannot be replaced. Yreka, with a population of only around 7000, is one of the several California mining communities which has proudly kept their golden heritage for public display. This is despite of the USD 1,750/ounce price of gold in the market. In fact, 2 years ago, the county faced a fiscal crisis but they have not even considered selling off their gold collection that was amassed over time and donated by locals. County sheriff declared the theft as stealing a piece of their region’s history and pledged a USD 15,000 reward for information that may lead to the suspects’ prosecution. The two robbers are described as men in early 20′s wearing black shirts, shoes and blue jeans. The theft became a subject of suspicion around town mainly because an alarm set on top of the case did not go off. The second alarm, on the sliding glass, is still functioning but it was not moved by the robbers anyway. Townspeople are inclined to believe there has been a terrible inside job. Gold seems to be the soul of the region. In 1851, a mule packer first discovered the presence of local gold and since then, mines like King Solomon, Golden Eagle and Black Bear have thrived. Most of the communities that belong to Mother Lode are understandably proud of their heritage so they want to display their collections for people to see. However, doing that comes with loads of risks that they have to be aware of. The county treasurer said that they can use the insurance claim in upgrading the museum but this act does not seem enough to console the residents. |
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594639 | did you not even read the speech? His entire story is how he only became a successful writer because of prior events in his life which he is fully prepared to distill to luck. reading liar's poker makes this even more acute - the way he got his job was baffling, and he had to have gotten that job right at the perfect point in time (in terms of how (edit: egregious error, it was Salomon, not Lehman) wasn't focusing in their one area in the brokerage, but then it turned out that another employee essentially turned that part of the business around, etc.) |
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594641 | "IT appears the company you're talking about did not report as you expected them to, which is not unusual for OTC companies because, as Milo stated, they are not well-managed. That being said, reports on EDGAR are available as soon as they're posted. I'm not aware of any lag between when the company uploads their report and it is available on the EDGAR site. Looking at the profile of the company you're referring to, I'm curious why you'd be so interested in a company with huge negative earnings, a near-zero share price, and an obviously spotty history of reporting its numbers. In order to make any money with this stock, you'd have to buy a huge number of shares, which could be difficult to unload. Further, the fees you're going to pay to make your trades are very likely to outstrip your return, so you'd be upside down on it. This company has pretty negative financials, and in a world of cheap oil, alternative energy (and the companies that deal in it) are out of vogue, so they're not likely to see a turnaround anytime soon. They're spending money on R & D at a rate almost 17 times earnings, and the losses are deepening, while revenues are not improving all that much. These guys are bleeding to death, and there's little prospect of a financial transfusion on the horizon. This is, as they say, a ""dog with fleas"", so your best bet is to find something else to put your money into. I hope this helps. Good luck!" |
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594652 | The only way you will incur underpayment penalties is if you withhold less than 90% of the current year's tax liability or 100% of last years tax liability (whichever is smaller). So as long as your total tax liability last year (not what you paid at filing, but what you paid for the whole year) was more than $1,234, you should not have any penalty. What you pay (or get back) when you file will be your total tax liability less what was withheld. For example, you had $1,234 withheld from your pay for taxes. If after deduction and other factors, your tax liability is $1,345, you will owe $111 when you file. On the other hand, if your tax liability is only $1,000, you'll get a refund of $234 when you file, since you've had more withheld that what you owe. Since your income was only for part of the year, and tax tables assume that you make that much for the whole year, I would suspect that you over-withheld during your internship, which would offset the lack of withholding on the other $6,000 in income. |
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594653 | "I've done this before for startup companies where I didn't want the mailing address to really obviously be my apartment or home address. Just for appearances. What you should be Googling are terms like ""private mailbox center."" If I recall correctly, I used to do this with Mail Boxes Etc before they were bought by UPS. This seems to be the equivalent offering these days: https://www.theupsstore.com/mailboxes I haven't looked at a dummy office for receiving mail -- I imagine that is a bit more expensive. Unless people are delivering things in person I think that would be overkill -- the Fedex guy doesn't care if his package delivery is to a UPS mailbox center." |
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594655 | "Forex. I will employ my skill for ""suspension of disbelief"" and answer with no visceral reaction to Bitcoin itself. The Euro is not an 'investment.' It's a currency. People trade currencies in order to capture relative movements between pairs of currencies. Unlike stocks, that have an underlying business and potential for growth (or failure, of course) a currency trade is a zero sum game, two people on opposite sides of a bet. Bitcoin has no underlying asset either, no stock, no commodity. It trades, de facto, like a currency, and for purposes of objective classification, it would be considered a currency, and held similar to any Forex position." |
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594667 | "In the United States, if someone refers to the ""interest rate"", especially if heard on news or talk radio in particular, they are almost always referring to the federal funds rate, a rate set forth and maintained by the United States Federal Reserve (the ""fed"" for short). If the fed opts to raise or lower this rate, it subsequently effects all interest rates, whether by being directly connected in a chain of loans or by market demand through the efficiency of financial markets in the case of bond auctions. The FOMC meets eight times each year to determine the target for the federal funds rate. The federal funds rate effects all interest rates because it is the originating rate of interest on all loans in the chain of loans. Because of this significance as a benchmark for all interest rates, it is the rate most commonly referred to as ""interest rate"" when used alone. That is why other rates are specified by what they actually are; e.g., mortgage rates; 10 year & 30 year (for 10 year treasury and 30 year treasury bond yields respectively); savings rate, auto rate, credit card rate, CD rate—all rates of interest effected by the originating loan that is the federal funds rate. This is true in the United States but will vary for other countries. In general though, it will almost always refer to the originating rate for all loans in a given country, institution, etc. Note that bonds have yields that are based on market demand that is, in turn, based on the federal funds rate. It is because of the efficiency of financial markets that the demand, and thus the yields, are correlated to the federal funds rate." |
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594674 | ...never used to word couldn't. Even doesn't work in my sentence. It is missing something, but not *even*. Probably should have used active voice and put it like: Neither our countries' female tween populace had immunity unfortunately. |
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594677 | Seems to have a major draw for people anyway. Though to be honest, even though I've probably been to the US 15 to 20 times, never been to NYC yet. Though might in the next 18 months, dear friend / ex has been talking about it, so thinking of taking him there. |
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594686 | A few weeks ago, I was thinking about this exact thing (except swap Euros for Canadian Dollars). The good news is that there are options. Option 1: yes, buy Indian fixed deposits Interest rates are high right now- you can get up to 9% p.a. It boils down to your sentiment about the Indian rupee going forward. For instance, let's say you purchase a deposit for amount x at 9% p.a., you can have it double to almost 2x in 10 years. Three things can happen in 10 years: Are you optimistic about Indian governance and economy going forward? If you are, go for it! I certainly am. Option 2: heard of FCNR? Look in to FCNR deposits. I don't know about Europe, but in Canada, the best rate for a 1 year deposit is approximately 1.5%. However, through Foreign Currency Non-Resident (FCNR) deposits, you can get up to 4% or 5%. The other benefit is that you don't have to convert currency to INR which results in conversion savings. However, only major currencies can be used to open such accounts. |
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594694 | It is certainly appropriate to do so. Why, though, would anyone think it is appropriate to do so by addressing the topic on a company message board? His concern isn't trivial, but his method of addressing it was tactless. Perhaps he underestimated the gravity of the topic at this specific time. With Google embroiled in a federal investigation regarding diversity, an open post to coworkers was a poor choice. |
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594697 | The way to think about this is: what would happen to the family if stay-at-home Mom were to die. You obviously can't do anything about the loss, grief and trauma, but think about the financial implications. Assuming that Dad continues to work, and that the child is young, you are going to have to find someone to take care of him/her. If you have relatives willing to step in, that may be fine. but if not you will have to pay for daycare - an expense you don't now have. That's going to get less as the child goes to school, but not go away until he/she is old enough to look after themselves. Bringing up a child, as well as working a full time job, is pretty demanding. You may find that you don't have as much time for cleaning the house, cooking or other chores. Having a sum of money which can be used to hire help or pay for a few meals out can be very useful in these cases. Here is an article which places a value on the work done by a stay-at-home Mom. You might not need to pay for all of those services, but it gives you an idea of what the extra expenses might be. Think about what extra money you might need to spend, and arrange for life insurance to cover it. |
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594716 | You have not mentioned the dates when you left India. If you leave before Oct 2 then the income is taxable, else it is not. Taxability is not depended on whether you transfer the funds to India or NOT. It is dependent on whether you are NRI for tax purposes for the given financial year. Refer to this question for more details Will it be taxable if I transfer money from UK account to India account? |
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594724 | You are all now wards of the Mighty State of Israel, you are in debt to us and so are your children and your children's children. .and so on . .that is why we included so many Begats in your Bible, so you know the drill when this day came. There are no Aliens only us who control your Fed and your Treasury and the Orange Puppet who delivered you to us. Now bow to your new and ancient masters . .GOY!!! |
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594733 | If you like the idea of using votes to decide which deals are hot, you gotta give FatWallet.com a try. |
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594755 | Risk in finance is defined as standard deviation of returns. This is a measure of size of your returns, both negative and positive. Since the mean return is positive (at least for the stock market and fixed income), if you double the standard deviation your mean return also doubles along with it. In this way you are compensated by the market for taking on more risk. |
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594763 | Their biggest problem is that their main industry is shipping. Anything they could do to their currency wouldn't help the shipping industry at all. They can't even raise taxes, they aren't the only convenience flag in the world and ships are obviously very easy to move out. The only industry they have that could get any benefit from a devaluation would be tourism, but that would be mostly negated by moving out of the euro. |
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594768 | Oh look YET ANOTHER POST ABOUT THIS. There have been probably around a half dozen posts about this start up that I have seen and I don't see everything that gets posted on Reddit. This particular article is about a month old and has been submitted [eight other times](http://www.reddit.com/submit?url=http%3A%2F%2Fwww.businessinsider.com%2Fthis-28-year-old-is-making-sure-credit-cards-wont-exist-in-the-next-few-years-2011-11). There are numerous other sources that have been linked too. This isn't going to kill credit cards. It isn't moving $350 million it is projected to reach that point. The amount of posts about Dwolla is at the level of spam. |
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594784 | If you're a US citizen/resident - you pay taxes on your worldwide income regardless of where you live. The logic is that Americans generally don't agree to the view that there's more than one country in the world. If you're non-US person, not physically present in the US, and provide contract work for a US employer - you generally don't pay taxes in the US. The logic is that the US doesn't actually have any jurisdiction over that money, you didn't earn it in the US. That said, your employer might withheld tax and remit it to the IRS, and you'll have to chase them for refund. If you receive income from the US rental property or dividends from a US company - you pay income tax to the US on that income, and then bargain with your home tax authority on refunds of the difference between what you paid in the US and what you should have paid at home. You can also file non-resident tax return in the US to claim what you have paid in excess. The logic is that the money sourced in the US should be taxed in the US. You earned that money in the US. There are additional rules to more specific situation, and there are also bilateral treaties between countries (including a US-Canadian treaty) that supersede national laws. Bottom line, not only that each country has its own laws, there are also different laws for different situations, and if some of the international treaties apply to you - it further complicates the situation. If something is not clear - get a professional advice form a tax accountant licensed in the relevant jurisdictions (in your case - any of the US states, and the Canadian province where you live). |
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594788 | One could wish that. If you speak to Chinese in China even they don't trust Chinese businessses and don't want Chinese goods. Hiring top European and American design and engineering firms for large projects doesn't help if the guy putting the base down decides not to follow the specifications or the subcontractor doing the concrete tries to save a few bucks and does a shoddy job. As far as coming up with new ideas? Do you know why so many Chinese firms and the government hack and steal information? Group think is a way of life and no one wants to stick out. |
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594800 | You can't prove any part of your last two paragraphs. Since this is the internet I'm inclined to not believe what you say (shocking). I can provide a million examples of how the private sector is doing a higher quality and cheaper job of all of the things that government does. Edit: I'm a college graduate living paycheck to paycheck, please don't advocate for higher taxes because trust me it won't help me or anyone you think it will help. (Because it never does) |
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594808 | They're both shitty. But you are ignorant if you think the DNC is not. Look no further than Hillary, making deals to make her and her family rich. She took donations from saudi arabia, morocco, qatar, kazakhstan and crooked businessmen from Russia |
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594832 | "This is the best tl;dr I could make, [original](http://bruegel.org/2017/10/an-irrational-choice-behavioural-economist-wins-nobel-prize/) reduced by 90%. (I'm a bot) ***** > Martin Sandbu in the FT lists some of Thaler's seminal contributions to behavioural economics, which reveal people's bounded rationality, willpower and self-interest. > What needs to change? Between those who argue that imperfect rationality changes everything and those suggesting that the assumption of rationality is still the best game out there, Krugman asserts that the answer depends on the field. > If the market for financial advice is an efficient market where individuals pay to counter their behavioural biases, then these behavioural biases are as severe as suggested by the high price that individuals are ready to pay. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/76q65t/bruegel_an_irrational_choice_behavioural/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~229264 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*: **rationality**^#1 **Bryan**^#2 **market**^#3 **Thaler**^#4 **irrationality**^#5" |
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594833 | No, you don't. Self made means you didn't inherit your money. This person did not inherit his position. He did not inherit his money. He is earning it. He has had some advantages, but that doesn't make him not self-made. If having an advantage means you're not self made, then when would the cutoff be? Would it be a certain level of wealth? But what about all those people in Africa/India/China? Surely no one born in the US faces that level of hardship, so then no one in America can be self made. Sorry, Oprah. Ok, so within the poorest of countries, there are still disparate levels of wealth. Surely Dinesh who was born to a destitute family in a rural part of India has it tougher than Vijay, who was born to a lower middle class family in Mumbai. Hm.. So to not have an advantage, we've now restricted ourselves to the absolute poorest people from the poorest countries. That is literally the only group of people who could be 'self made', because anything else would be subjective. |
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594886 | Yes, precisely.Thanks. Which explains why the socialization process for most of us is based on a deference to authority, the virtues of hard work, merit and playing by the rules, whether at school, or at play or at the dinner table or in the street. Some few among us are taught a different curriculum, one based on entitlement. |
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594896 | While I'd don't necessarily disagree with you, the example you use is a bad one, because there are problems of access to fresh produce (healthy food) in poor areas. So the fat poor people is not because they eat a lot so much as because of what they can afford to eat, both in terms of time spent and availability of other options. |
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594898 | Of course there is. Plenty of people in finance with average degrees. Front office may be difficult but there are plenty of middle office and back office roles that don't care as much about pedigree. On top of that finance is becoming one of the more reliable industries that are always hiring (at least until the next market crash) |
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594911 | "Read ""Rich Dad, Poor Dad"" and learn about Cashflow Quadrants, specifically the difference between being self employed and being a business owner. The short version is that when you're self employed, you just own your job, and your boss is a complete asshole. Owning a business is about leveraging the efforts and capital of others, essentially ""Playing the orchestra"" as your instrument. Edit: BTW, gorgeous work!!" |
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594932 | The New York City press and Mayor Michael Bloomberg have been treating us to an elaborate charade. It goes like this: the press complains that the cops have prevented it from covering Occupy Wall Street and the mayor claims that's not true. What a farce! The press had to be dragged kicking and screaming to cover the Occupy movement when it should have been the first to defend the protesters' First Amendment rights to assemble and dissent. Neither the mayor nor the press gave a damn about the protesters' rights, but now the press wants to get in front of the story and pretend its First Amendment rights were abridged. Mayor Bloomberg got filthy rich off the First Amendment, but he was the first to abridge it in the name of all sorts of bogus excuses, |
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594935 | "From some of your previous questions it seems like you trade quite often, so I am assuming you are not a ""Buy and Hold"" person. If that is the case, then have you got a written Trading Plan? Considering you don't know what to do after a 40% drop, I assume the answer to this is that you don't have a Trading Plan. Before you enter any trade you should have your exit point for that trade pre-determined, and this should be included in your Trading Plan. You should also include how you pick the shares you buy, do you use fundamental analysis, technical analysis, a combination of the two, a dart board or some kind of advisory service? Then finally and most importantly you should have your position sizing and risk management incorporated into your Plan. If you are doing all this, and had automatic stop loss orders placed when you entered your buy orders, then you would have been out of the stock well before your loss got to 40%. If you are looking to hang on and hoping for the stock to recover, remember with a 40% drop, the stock will now need to rise by 67% just for you to break even on the trade. Even if the stock did recover, how long would it take? There is the potential for opportunity loss waiting for this stock to recover, and that might take years. If the stock has fallen by 40% in a short time it is most likely that it will continue to fall in the short term, and if it falls to 50%, then the recovery would need to be 100% just for you to break even. Leave your emotions out of your trading as much as possible, have a written Trading Plan which incorporates your risk management. A good book to read on the psychology of the markets, position sizing and risk management is ""Trade your way to Financial Freedom"" by Van Tharp (I actually went to see him talk tonight in Sydney, all the way over from the USA)." |
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594938 | Firms don't have to pay too much after a wrongful death. The Fed actually put a price on a persons death. [Its $250,000](http://www.wrongfuldeath-law.com/CM/Resources/Wrongful-Death-FAQ.asp#types0) for emotional distress and any other non-economic loss they can prove. For a large energy company having [on average 30 wrongful deaths a year](http://www.msha.gov/mshainfo/factsheets/mshafct2.htm). It probably wont change any numbers on a balance sheet. |
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594940 | Thanks, Yeah I know. Here in Budapest we don't really have good meetups. I visited a few digital nomad meetups those are great but we have just 1-2/year. On September we are planning to move to Thailand for a few months. Hopefully we will have better options for networking there. |
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594948 | No, something doesn't seem right here. There would be virtually no time value to the option 10 minutes before market close on the expiration day. What option is it, and what is the expiration? EDIT: It appears you were looking only at the ASK price. It was $2.05. However, the BID price was only $1.35 and the last transaction was $1.40. So the true value is right about $1.35 to $1.40 at this second. This is a pitfall that tends to occur when you trade options with almost no volume. For instance, the open interest in that option is only 1 contract (assuming that is yours). So the Bid and the Ask can often be very far apart as they are only being generated by computer traders or the result of outdated, irrelevant human orders. |
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594959 | "I can think of one major income source you didn't mention, dividends. Rather than withdrawing from your pension pot, you can roll it over to a SIPP, invest it in quality dividend growth stocks, then (depending on your pension size) withdraw only the dividends to live on. The goal here is that you buy quality dividend growth stocks. This will mean you rarely have to sell your investments, and can weather the ups and downs of the market in relative comfort, while using the dividends as your income to live off of. The growth aspect comes into play when considering keeping up with inflation, or simply growing your income. In effect, companies grow the size of their dividend payments and you use that to beat the effects of inflation. Meanwhile, you do get the benefit of principle growth in the companies you've invested in. I don't know the history of the UK stock market, but the US market has averaged over 7% total return (including dividends) over the long term. A typical dividend payout is not much better than your annuity option though -- 3% to 4% is probably achievable. Although, looking at the list of UK Dividend Champion list (companies that have grown their dividend for 25 years continuous), some of them have higher yields than that right now. Though that might be a warning sign... BTW, given all the legal changes around buy-to-lets recently (increases stamp duty on purchase, reduction in mortgage interest deduction, increased paperwork burden due to ""right to rent"" laws, etc.) you want to check this carefully to make sure you're safe on forecasting your return." |
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594964 | "Yes. Because you co-signed the loan, you are responsible for the loan just as much as she was. When you co-sign a loan, you are essentially saying ""I will pay this loan if the other person can't.""" |
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594988 | I think you're missing my point. I'm not saying automation isn't useful or beneficial to society. I feel it's disingenuous to argue there would be no net job loss. Companies won't invest capital unless there is the prospect of a return. Therefore, they won't build robots unless they are saving on labor. If they have to replace an equal number of unskilled laborers with skilled laborers at a higher cost in addition to the capital expenditure to purchase the robots, it doesn't make sense to purchase the robots. Companies adopt automation because it saves them money in the long run, mostly by replacing human workers and resulting in a net job loss. |
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594990 | If you're talking about TRUPS (Trust Preferred securities) these are all but banned for new issuance under Dodd-Frank and other regulations. Although some companies still have outstanding TRUPS most have either matured, defaulted or been refinanced into some other form of debt. Its not really an available form of capital raising anymore. |
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594993 | "You have entirely missed the point. Let us get race and class out of this. Lets switch to something perhaps a bit less controversial -- and say there is one teacher that is really good at working with teenagers, and another that... well, just *isn't* any good working with that age group. But the second teacher might work very well when working with *younger* children (and conversely the first teacher might be really poor at it). The same ""bare performance metric"" (ratio of change in student retention/understanding of subjects before/after a semester with said teacher) could be used to measure BOTH teachers in BOTH environments, without being concerned with the ""specific details"" of the environment. Same thing would would in cases of race/ethnicity, class, etc. And I am not talking about ""federal programs"" here (nor even statewide union-negotiated ""systems"") -- that is all just one version or another of central planning bullshit, and it WILL be gamed -- I'm talking about allowing LOCAL parents/schools/administrators to hire/fire based on MERIT and performance (as they perceive it, and however they want to judge it; it doesn't HAVE to be homogeneous)." |
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595002 | Sure! Anything that affects the balance of supply and demand could cause rent prices to fall. I'll betcha rent prices in Wilmington, Ohio collapsed when the biggest employer, DHL, shut down. An economic depression of any sort would cause people to substitute expensive rentals for cheaper ones, putting downward pressure on rents. It would also cause people to double up or move in with family, decreasing demand for rentals. Anything that makes buying a house cheaper will actually make rents lower, too, because more people will buy houses when houses get cheaper... those people are moving out of rentals, thus decreasing demand for rentals. |
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595016 | "This is the best tl;dr I could make, [original](https://www.bloomberg.com/news/articles/2017-08-03/singer-s-elliott-hedge-fund-returns-3-5-in-the-first-half) reduced by 88%. (I'm a bot) ***** > Billionaire Paul Singer is warning of a growing and menacing threat: passive investing. > "Passive investing is in danger of devouring capitalism," Singer wrote in his firm's second-quarter letter dated July 27. > "In a passive investing world, small shareholders have little-to-no voice and no realistic possibility of banding together, while the biggest shareholders have no skin in the game so long as the money manager does not underperform the index by five-hundredths of a percentage point, in which case the customer calls up the money manager and starts yelling," the letter said. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6rk6w1/paul_singer_says_passive_investing_is_devouring/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~183138 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*: **Singer**^#1 **let**^#2 **market**^#3 **fund**^#4 **passive**^#5" |
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595021 | Pamper yourself on a daily basis with the most elegant of our Tresaro Chenille robes—Featured at world famous five star hotels and spas, you will feel refreshed and elegant. Our famous Tresaro robe is made from 100% chenille micro-fiber fabric. The Tresaro bath robe features a full shawl collar with |
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595023 | A communications strategy is designed to help you and your organization communicate effectively and meet Communication business plan organizational objectives. Here we look at the key elements of a communications strategy as well as how press/PR plans, web strategies and marketing plans fit into your organization’s overall communications strategy. |
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595028 | "To address the issue in the title of your question: Many expenses strike at what for all practical purposes are random intervals. Roof starts leaking, car needs repair, etc, don't have a fixed cost every month. Medical expenses can certainly be more extreme than many other expenses, but their nature is the same. And so the way to budget for them is the same: You figure out what your average expenses are over a long period of time. Then you start putting away a little more than this amount every month. Keep putting away until you have a reserve larger than any expense you are likely to get hit with all at once. I have no idea what your particular expenses are, so let me use myself for an example. My medical bills last year were unusually large: about $6,000. I have lousy insurance and a couple of chronic conditions, so my bills are usually maybe $1,000 to $2,000 per year. So I plan on about $150 per month for medical bills. Most insurance policies have an ""out of pocket maximum"". This should be the most you'd ever have to lay out in a year. Mine is $13,000. (I told you my insurance sucks.) So I have an account that I have now built up to $13,000. Worst case, I wipe out that account. In any case, if my bills are that large, the doctors or hospital will normally agree to a payment plan. (I still owe a few hundred on my bills from last year and the hospital is letting me pay it off at $120 per month.) Your question brings up a lot of issues about difficulties of working with insurance and the U.S. medical system in general. I'm not sure if your intent was to get advice on the rest of it all. Simple -- not pleasant, but simple -- answer: If you're insurance is provided by your employer, you're pretty much stuck with the policy that the employer negotiates. I don't know how much you're contributing to premiums, usually the company pays the bulk of it. You could investigate getting a policy on your own, but odds are that any policy you could get for what you're contributing now would be way worse than what you can get through the company. You could always investigate, but I doubt you'll do better. You can talk to HR. If it's a big company, they may have some muscle with the insurance company and could help you out. Failing that, it becomes a political question of how the laws affecting medical care and insurance in the U.S. are set up, and while I have many ideas for how it could be improved, sadly I'm not in a position to do much about it, and I doubt you are either. Unless you have the resources to run for president." |
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595029 | This is an all too common problem and is not easy to resolve. Divorce agreements do not alter prior mortgage contracts. Most importantly, the bank is not required, and will not normally, remove the girlfriend from the mortgage even if she quitclaimed it to her Ex. If he has abandoned the property there is a good chance he will not make any more future payments. She should be prepared to make the payments if he doesn't or expect her credit to continue to deteriorate rapidly. She needs to contact her divorce attorney to review their mutual obligations. A court can issue orders to try to force the Ex to fulfill the divorce agreement. However, a court cannot impose a change to the mortgage obligations the borrowers made to the bank. Focus on this. It's far more important than adding her to a car loan or credit card. Sorry for the bad news. As for the car loan, it's best to leave her off the loan. You will get better terms without her as a joint owner. You can add her as an additional driver for insurance purposes. Adding her to your credit cards will help her credit but not a lot if the mortgage goes to default or foreclosure. |
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595042 | "One ""con"" I have not yet seen mentioned: retirement accounts are generally protected from creditors in a bankruptcy. There are limits and exceptions, Roth has a 1.2 million dollar limit and can be split by a divorce QDRO for instance. Link Since it seems you have no income this year, you may may be raiding your IRA for living expenses. If there is a chance you may declare bankruptcy in the next year or so, consider doing that first and raid the IRA for seed money after." |