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7403

This will have no effect on your credit score. Even though your credit card account number is changing, it is still the same account, so your history of payments and age of accounts will remain unchanged.

7404

"Do you know if you were approached by a carrier or a tower vendor? Edit/addendum: As someone in the telecommunications industry, I will say that you should NOT lease to a vendor who will sublease the space to the phone companies for a profit. Depending on the availability of space, the population of the area, and the value of the location, and the amount and size of hardware to be installed, the rental pricing can vary wildly. A cell site on a choice tall building in Chicago, NYC, Boston, LA, etc., can go for over $25000 per year (more in the case of rental of inside equipment room). On the other hand, renting space on a church steeple in the middle of a low population rural town, with the equipment installed in a gated paddock at ground level, may only net around $1500 per month. A ""small cell"" site, which is actually small enough to put on a lamp post or utility pole, can go for around $250-750 per month. A turf contractor/tower vendor actually leasing a chunk of land to build a structure whose space will be leased out to telecoms should be expected to pay between $2500 and 8000 per month depending on the value of your site. This value is determined by land form details like elevation, nearby tall forests (can the tower ""see"" over the tree line), terrain contours, and need (local population/tourist/traveler numbers). Carriers prefer to lease from vendors rather than building their own structures, but roof top sites are a different story. Carriers are generally more than happy to work with you to lease a portion of your tall building's roof. FYI... If they offer to compensate you for the electrical requirements if they cannot get their own meter in, don't worry. A cell site uses less than 1000 watts, which translates to about $.10-15 per hour in most locations."

7411

"Perhaps it's the terminology ""fee"" that makes it a little confusing. I'm not sure whether it's due legislation or if it's tradition but banks and money changers in my country don't charge ""fees"". Instead they advertise separate prices for buying and selling money. For example they'd normally advertise: USD, we buy: 4.50, we sell: 4.65. It's a business. Just like selling cars or lemonade selling money only makes sense if you sell it at a higher price than what you bought it for. Regardless of what you call it it's the profit margin for the seller."

7423

"If you sell an asset for more than you paid for it, the excess amount realized is called a capital gain and is generally considered a form of income for tax purposes. Generally, one pays income tax on realized capital gains, unless the sale is exempt—such as the sale of one's principal residence. Capital gains tax can also be avoided or deferred by holding assets in a tax-advantaged investment account like a TFSA or RRSP. When taxable, the effective income tax rate on capital gains income is half the normal rate due to the capital gains inclusion rate. Capital gains income is generally not considered to be employment, ""earned"", or ""working"" income. However, individuals who, say, trade stocks frequently and earn a substantial portion of their income that way may have their gains considered employment income and subject to regular income tax instead of the better rate. I suggest you contact Service Canada and ask them about the impact of a one-time sale of personal property that would result in a realized capital gain. While you would owe income tax on the capital gain, it might not have any impact on your disability benefits, because it would not be earned or employment income. You should also check with your private insurer; they may also consider the sale a capital gain and not employment income, however, only they would be able to tell you for sure whether it would have any possible effect on your benefits."

7428

> How do I guarantee that people are held liable for damages and/or trying to steal the stuff? Would a credit card number be sufficient? This might belong more in /r/entrepreneur or /r/business, however... you could do a few things: 1. The renter's agreement can (and imo should) include language that obligates the renter to pay for damaged goods and/or stipulates a fixed charge for non-return. 2. As part of the terms to rent, you can demand a credit card hold as part of the renter's agreement. 3. You can insure your rented goods, either in addition to the above or as an alternative (note: because the goods will be changing hands multiple times throughout its life, there is a higher chance of insurance claims. This fact will likely mean higher insurance payments).

7432

Possibly not relevant to the original asker, but in the UK another advantage of using a credit card is that when making a purchase over £100 and paying by credit card you get additional protection on the purchase which you wouldn't get when paying by debit card. E.g. if you buy something costing £100 and the company goes bust before it's delivered, you can claim the money back from the credit card company. Whereas if you paid by debit card, you would potentially lose out. This protection is a legal requirement under Section 75 of the Consumer Credit Act 1974.

7507

"I lived in Europe for 18 years. I had better care there than in the US for what I paid. Also, under the current system, taxpayers pay more to the government for healthcare than in other countries which have universal healthcare. Additionally, those 46% who don't pay taxes either have shit jobs or can afford a good accountant. A janitor or other ""low skill, low level"" worker isn't going to pay taxes because he's not making enough. Recent college graduates cannot afford a all around healthcare insurance because they don't have the money. You live in an economic society where every class level is inter-dependent. Paying them shit and telling them the society as a whole shouldn't help them is very selfish and short term sighted."

7513

"Try it on a Kindle or eBook reader. I used to think this way about eBooks. Was too much of a purist. I'd had experience reading from iPads and computers. It's seriously a huge difference. The Kindle doesn't strain, it's light, can fit in (larger) pockets, and is incredibly handy. The battery life lets it stay on for days at a time as well. Battery isn't a huge issue unless you plan to be stranded on an island sometime soon. The library thing I suppose is an aesthetic thing. You could always just look through your book list on a Kindle as well. That way you save some room in your house? But I suppose some people just ""want"" a library to have - I can empathize."

7540

Easier to copy paste than type this out. Credit: www.financeformulas.net Note that the present value would be the initial loan amount, which is likely the sale price you noted minus a down payment. The loan payment formula is used to calculate the payments on a loan. The formula used to calculate loan payments is exactly the same as the formula used to calculate payments on an ordinary annuity. A loan, by definition, is an annuity, in that it consists of a series of future periodic payments. The PV, or present value, portion of the loan payment formula uses the original loan amount. The original loan amount is essentially the present value of the future payments on the loan, much like the present value of an annuity. It is important to keep the rate per period and number of periods consistent with one another in the formula. If the loan payments are made monthly, then the rate per period needs to be adjusted to the monthly rate and the number of periods would be the number of months on the loan. If payments are quarterly, the terms of the loan payment formula would be adjusted accordingly. I like to let loan calculators do the heavy lifting for me. This particular calculator lets you choose a weekly pay back scheme. http://www.calculator.net/loan-calculator.html

7560

They offset pay a week. So this year GE employees get paid for 51 weeks. They still get paid for that week, when they stop working, but it just made that one quarter look good by reducing wages by one week. GE digital is mostly rebranding existing projects. They spent more on commercials than actual development. They won't hire/pay actual software people because they're too expensive. So try to have hardware manufacturing people develop software products. They are constantly gaming the vouchering. Like... To am absolutely insane degree. All to make the numbers work out just so. Some powerful executives are clearly obsessed. It doesn't help deliver products customers want on time with a profit. It just makes things look good while workers struggle to follow the random rules. Jeese. There's tons I'm not remembering. GE has been doing the cut costs to pay dividends for years. For a company that depends on long lead time technological industry, cutting costs to make your numbers isn't a long term solution.

7561

The role of the market maker is to make sure there is a bid and ask on a particular stock. That's it. The market maker ensures that there is a price at which you can buy and a price at which you can sell immediately, but these are not necessarily the best prices. The majority of trades do not involve market makers and occur between two third parties. Whoever said a market order trades with the market maker is thinking of the way stock markets were years ago, not the way they are now. Market orders are supposed to execute immediately and at one time trading with the market makers was the method for executing immediately. If you issue a market order today, it executes with the best available limit order(s) on the other wide of the trade. This may or may not involve a party that identifies as a market maker.

7568

Depends on the logo and the company. Chrome bags I love, and they put their logo on the buckle and the the bag in a tasteful way. They are cyclist oriented and supportive of the community. One company that I love the products of that advertise too much is Rapha, but on some of their clothes the logo/name is actually buttoned on and is removable. If the design is going to take up most of my shirt, it is probably because it is for a band I support (friends' bands most likely). Hopefully that helps with your understanding.

7575

If given the option of up front or monthly, here are some scenarios where it would be beneficial to pay the lease up front instead of monthly (neither of which are affected by inflation): Barring the above scenarios or some reason you don't want to keep money around (such as if you have some sort of addiction causing you to spend money, or you have an imminent lawsuit which will take all of your money), you are better off paying monthly.

7587

I don't follow that at all, I don't think those are all complete sentences. And do you think there's only one tax bracket? But from your first sentence, it seems like you're saying that the government says it's reducing inequality when it actually isn't. So why are you upset about how they're reducing inequality?

7593

@Joe.E, I disagree with your logic. The IPO clearly didn't go well--not relative to other IPOs. Were it not for the stocks underwriters stepping in late in the trading day, Facebook would likely have closed below their opening price. This story and others indicate that institution investors were given negative information by an analyst for the underwriters that other investors didn't have. This inside knowledge is certainly contributing to the drop in the stock. It's fair to argue that many individual investors were suckered into buying the stock at the IPO price because of this incomplete disclosure. It wouldn't surprise if what's happens has a negative impact on future trading volume, and creates reluctance to invest in the firm--which would certainly be an additional negative outcome beyond the dropping stock price. Edit: Dilip mentioned a lawsuit. Here's a link to an article about it.

7597

So, in general, pay to the higher interest rate. Some contrived reasons you would want to pay your auto loan more could be:

7603

Personally, I think it's a bad practice, because ultimately using cards for such minuscule transactions raises costs for everyone, especially at merchants whose average transaction is small. How does carrying cash improve your personal security? If someone is going to mug you, they do not know in advance whether you have money or not.

7611

I'm normally a fan of trying to put all the relevant info in an answer when possible, but this one's tough to do in one page. Here's the best way, by far to learn the basics: The OIC (Options Industry Council) has a great, free website to teach investors at all levels about options. You can set up a learning path that will remember which lessons you've done, etc. And they're really, truly not trying to sell you anything; their purpose is to promote the understanding and use of options.

7619

"The author introduced himself as not being a financial analyst so that, apparently, absolved him of even considering the numbers. The HP presenters struck him as ""straight shooters"". I think he should have just wrote those two sentences and moved on to his next assignment."

7625

For now, park it in a mix of cash and short term bond funds like the Vanguard Short Term Investment Grade fund. The short term fund will help with the inflation issue. Make sure the cash positions are FDIC insured. Then either educate yourself about investing or start interviewing potential advisors. Look for referrals, and stay away from people peddling annuities or people who will not fully disclose how they get paid. Your goal should be to have a long-term plan within 6-12 months.

7632

You should ask a CPA or tax lawyer to what extent living in specific housing provided by the employer as a job requirement is exempt from taxation. You might find a nice surprise. Your tax professional can also help you to report the items properly if mis-reported. Much of this is in the article you cite in the question, but perhaps a look at some of the original sources is warranted and will show why some expert advice might be useful. I would argue that an RA who is required to police and counsel undergrads in a college dorm in exchange for a room or a flat is closer to a worker with quarters on a ship or at an oil well than a full professor who receives a rental home in a neighborhood near the university as a benefit. In the first case living at the provided premises is necessary to do the job, but in the second case it is merely a benefit of the job. The IRS Publication 15-B guidance on employer provided housing is not entirely clear, so you might want to get some additional advice: Lodging on Your Business Premises You can exclude the value of lodging you furnish to an employee from the employee's wages if it meets the following tests. It is furnished on your business premises. It is furnished for your convenience. The employee must accept it as a condition of employment. Different tests may apply to lodging furnished by educational institutions. See section 119(d) of the Internal Revenue Code for details. If you allow your employee to choose to receive additional pay instead of lodging, then the lodging, if chosen, isn’t excluded. The exclusion also doesn't apply to cash allowances for lodging. On your business premises. For this exclusion, your business premises is generally your employee's place of work. For example, if you're a household employer, then lodging furnished in your home to a household employee would be considered lodging furnished on your business premises. For special rules that apply to lodging furnished in a camp located in a foreign country, see section 119(c) of the Internal Revenue Code and its regulations. For your convenience. Whether or not you furnish lodging for your convenience as an employer depends on all the facts and circumstances. You furnish the lodging to your employee for your convenience if you do this for a substantial business reason other than to provide the employee with additional pay. This is true even if a law or an employment contract provides that the lodging is furnished as pay. However, a written statement that the lodging is furnished for your convenience isn't sufficient. Condition of employment. Lodging meets this test if you require your employees to accept the lodging because they need to live on your business premises to be able to properly perform their duties. Examples include employees who must be available at all times and employees who couldn't perform their required duties without being furnished the lodging. It doesn't matter whether you must furnish the lodging as pay under the terms of an employment contract or a law fixing the terms of employment. Example of qualifying lodging. You employ Sam at a construction project at a remote job site in Alaska. Due to the inaccessibility of facilities for the employees who are working at the job site to obtain lodging and the prevailing weather conditions, you furnish lodging to your employees at the construction site in order to carry on the construction project. You require that your employees accept the lodging as a condition of their employment. You may exclude the lodging that you provide from Sam's wages. Additionally, since sufficient eating facilities aren’t available near your place of employment, you may also exclude meals you provide to Sam from his wages, as discussed under Meals on Your Business Premises , later in this section. Example of nonqualifying lodging. A hospital gives Joan, an employee of the hospital, the choice of living at the hospital free of charge or living elsewhere and receiving a cash allowance in addition to her regular salary. If Joan chooses to live at the hospital, the hospital can't exclude the value of the lodging from her wages because she isn't required to live at the hospital to properly perform the duties of her employment. One question would be how the conflict with IRC 119(d) is resolved for someone who must live in the dorm to watch over the dorm and its undergrads. Here's 26USC119(d) from LII: (d) Lodging furnished by certain educational institutions to employees (1) In general In the case of an employee of an educational institution, gross income shall not include the value of qualified campus lodging furnished to such employee during the taxable year. (2) Exception in cases of inadequate rent Paragraph (1) shall not apply to the extent of the excess of— (A) the lesser of— (i) 5 percent of the appraised value of the qualified campus lodging, or (ii) the average of the rentals paid by individuals (other than employees or students of the educational institution) during such calendar year for lodging provided by the educational institution which is comparable to the qualified campus lodging provided to the employee, over (B) the rent paid by the employee for the qualified campus lodging during such calendar year. The appraised value under subparagraph (A)(i) shall be determined as of the close of the calendar year in which the taxable year begins, or, in the case of a rental period not greater than 1 year, at any time during the calendar year in which such period begins. (3) Qualified campus lodging For purposes of this subsection, the term “qualified campus lodging” means lodging to which subsection (a) does not apply and which is— (A) located on, or in the proximity of, a campus of the educational institution, and (B) furnished to the employee, his spouse, and any of his dependents by or on behalf of such institution for use as a residence. (4) Educational institution, etc. For purposes of this subsection— (A) In generalThe term “educational institution” means— (i) an institution described in section 170(b)(1)(A)(ii) (or an entity organized under State law and composed of public institutions so described), or (ii) an academic health center. (B) Academic health centerFor purposes of subparagraph (A), the term “academic health center” means an entity— (i) which is described in section 170(b)(1)(A)(iii), (ii) which receives (during the calendar year in which the taxable year of the taxpayer begins) payments under subsection (d)(5)(B) or (h) of section 1886 of the Social Security Act (relating to graduate medical education), and (iii) which has as one of its principal purposes or functions the providing and teaching of basic and clinical medical science and research with the entity’s own faculty.

7645

> they've cut back on so many expenses it's just not what it used to be My guess is the changes were incremental. Individually each cut back probably didn't seem like a big deal to corporate at the time. But it keeps adding up and create a vicious cycle -- the more cuts they make the crappier their food tastes and they make less money and therefore have to make more cuts.

7661

As the population is growing the diseases are also growing on mass levels. There are many vital reasons cold be responsible for occurrence of ailments and disease. Most of them are Viruses which come from pollution, drain and inter nation viral effected diseases, to be named as swine flu and bird flu. Virus is small particles that can infect the cells of a biological organism.

7668

If you are living at home as an adult, then you should be paying your fair share and contributing to the household expenses. You said your parents have loans to pay for that was part of your expenses to go to college. As an adult, you should be paying your parents back for the loans they took out on your behalf. You are a responsible person, it sounds like. Therefore, you need to finish restoring your parent's financial position first before moving out or transfer the loans that are actually yours back to you. Your college education and financial duties are your responsibility. Basically, if you are an adult you should move into your own place in a responsible way or stay at home while contributing to your parent's financial household status in a mutually beneficial way of shared responsibility. Remember, healthy adults take care of their lives and share in paying for the expenses required to live.

7712

Here is a simple example of how daily leverage fails, when applied over periods longer than a day. It is specifically adjusted to be more extreme than the actual market so you can see the effects more readily. You buy a daily leveraged fund and the index is at 1000. Suddenly the market goes crazy, and goes up to 2000 - a 100% gain! Because you have a 2x ETF, you will find your return to be somewhere near 200% (if the ETF did its job). Then tomorrow it goes back to normal and falls back down to 1000. This is a fall of 50%. If your ETF did its job, you should find your loss is somewhere near twice that: 100%. You have wiped out all your money. Forever. You lose. :) The stock market does not, in practice, make jumps that huge in a single day. But it does go up and down, not just up, and if you're doing a daily leveraged ETF, your money will be gradually eroded. It doesn't matter whether it's 2x leveraged or 8x leveraged or inverse (-1x) or anything else. Do the math, get some historical data, run some simulations. You're right that it is possible to beat the market using a 2x ETF, in the short run. But the longer you hold the stock, the more ups and downs you experience along the way, and the more opportunity your money has to decay. If you really want to double your exposure to the market over the intermediate term, borrow the money yourself. This is why they invented the margin account: Your broker will essentially give you a loan using your existing portfolio as collateral. You can then invest the borrowed money, increasing your exposure even more. Alternatively, if you have existing assets like, say, a house, you can take out a mortgage on it and invest the proceeds. (This isn't necessarily a good idea, but it's not really worse than a margin account; investing with borrowed money is investing with borrowed money, and you might get a better interest rate. Actually, a lot of rich people who could pay off their mortgages don't, and invest the money instead, and keep the tax deduction for mortgage interest. But I digress.) Remember that assets shrink; liabilities (loans) never shrink. If you really want to double your return over the long term, invest twice as much money.

7733

Options that are not worth exercising just expire. Options that are worth exercising are typically exercised automatically as they expire, resulting in a transfer of stock between the entity that issued the option and the entity that holds it. OCC options automatically exercise when they expire if the value of the option exceeds the transaction cost for the stock transfer (1/4 point to 3/4 point depending).

7743

"So, yes, you may be having the inevitable epiphany where you realize that options can synthetically replicate the same risk profile of owning stock outright. Allowing you to manipulate risk and circumvent margin requirement differences amongst asset classes. Naked short puts are analogous to a covered call, but may have different (lesser) margin requirements. This allows you to increase your risk, and the broker has to account for that. The broker's clientele might not understand all the risks associated with that much leverage and so may simply consider it risky ""for your protection"""

7748

"For your first question, the general guidelines I've seen recommended are as follows: As to your second question, portfolio management is something you should familiarize yourself with. If you trust it to other people, don't be surprised when they make ""mistakes"". Remember, they get paid regardless of whether you make money. Consider how much any degree of risk will affect you. When starting out, your contributions make up most of the growth of your accounts; now is the time when you can most afford to take higher risk for higher payouts (still limiting your risk as much as possible, of course). A 10% loss on a portfolio of $50k can be replaced with a good year's contributions. Once your portfolio has grown to a much larger sum, it will be time to dial back the risk and focus on preserving your capital. When choosing investments, always treat your porfolio as a whole - including non-retirement assets (other investment accounts, savings, even your house). Don't put too many eggs from every account into the same basket, or you'll find that 30% of your porfolio is a single investment. Also consider that some investments have different tax consequences, and you can leverage the properties of each account to offset that."

7755

The outsourcing was mainly to secure buy contracts from national airlines in subcontracted countries. Give Mitsubishi a few contracts and see JAL and ANA buy a bunch of the new planes. Japanese people get told again and again, through the broadcast networks that act as propaganda machines, that Japanese engineering and craftsmanship was necessary in the building of the plane. Everybody wins! It was mostly the salespeople telling the engineers how to make the plane.

7765

Let me tell you about a country called South Korea that was totally devastated after the Korean War, but even though almost everybody was living in poverty after the war, parents made every effort to educate their children, and now South Korea is the 12th largest country by GDP. It isn't the lack of money that is the problem. It is the lack of parents who care and in many cases, it is just the lack of parents. Disproportionately, kids in juvenile detention centers are missing at least one parent from their home or lack parents who care. No amount of money or nanny state legislature will make a significant dent in this problem or this problem would have been solved long ago. Unless we go full blown North Korean style brain washing authoritarianism, the problem, responsibility and solution lies with the people.

7766

Who cares? If your card gets stolen, most cards provide you with 100% liability protection. Just sign the thing!

7774

Well, you could replace it with.. itself! Microsoft Money Plus Sunset versions The Microsoft Money Plus Sunset versions are replacements for expired versions of Microsoft Money Essentials, Deluxe, Premium, and Home and Business. They allow existing customers to use MoneyPlus to continue accessing their data. Changes to the new versions include file conversions from older versions of Money, no required activation, no online services and no assisted support. Microsoft Money Plus Sunset is available now. Download at: http://www.microsoft.com/money/sunset.mspx

7778

Online shopping trend is a form e-commerce where consumers or retailer buy/sell products on internet in few time and more conveniently. This is the technique which gives flexibility to buy or sell products on internet without visiting so far shops and this technique spreading day by day.

7796

"Okay, so... > Lifting* the offer (hit bids, lift offers). And I suppose that's a stategy, albeit a somewhat simple one. Passive routing strategies differ from firm to firm and algo to algo. What is your customer going to think if you bid up a new price level only for the stock to rally completely away from it? I mean if you have an open order for more than 10 times the amount currently offered with a limit above the offer, and you havent gotten filled on the bid, what can you do but lift the offer and try to be first at the next price level up? At least you would have gotten some at the price they quoted, or are they fill or kill? > ""Bidding it up to attract sellers"" sounds an awful lot like spoofing, just a heads up. Sure though, if you want to tighten a spread or create new levels with aggressive passive liquidity, that is a strategy. The same caveats as I mentioned above apply. Just to be clear, 'aggressively adding passive liquidity' is the more apt way to put it - I'm talking about when you actually want to get filled on those bids but you're having trouble finding sellers. Could you give me an example of what you might consider passive or aggressive, just for scale - would a mkt impact of .10% raise any eyebrows? How do you gauge fair value or does that matter less to you than just accumulating/selling what you can for what you were asked to? > Anyway, if market impact isn't an issue for the customer, sure, take liquidity until you're filled. Don't forget about getting good size done in the opening and closing auctions (MOO/MOC). If you're too passive you risk the market moving away from you and pissing off the customer. If you're too aggressive you risk moving the market too much and pissing off the customer. So then is the question more 'how motivated is the buyer or seller?' I'm glad you bring up the MOO/MOC, are there certain securities that don't have much of a market in those auctions? Trying to suss out how a large firm can hold a position in some of the less popular names with next to no liquidity and little in the way of dark pool, auction, block sales, etc."

7814

"If you are a ""small"" investor (namely, not an accredited investor), then the transaction costs (commissions) for purchasing the stocks while attempting to duplicate DJIA will defeat any benefit. My personal preference is to purchase mutual funds rather than ETFs."

7818

Yeah, I get the logic of what you are saying, because his comments are really ambiguous, but his argument is pointing the other way. So what he ACTUALLY means by driving capital overseas is that other countries are seeing greater economic growth overall, and therefore better investment returns (that's why capital is fleeing), but it's because US growth is badly constrained. It's constrained because the Republican stranglehold on Congress is preventing government investment that will support greater corporate growth. I wish he would say it more clearly, but from the context of his comments here (and elsewhere), this is what he means. He is not reversing his former views, but amplifying them.

7831

I'd suggest waiting until a bit after you are married. To Eagle1's point, even $23,000 is not a huge sum of money. You didn't make any mention of a desire to buy a home, but if that becomes part of the plan, I'd want every cent of liquidity I can get. I wrote Student Loans and Your First Mortgage to explain why your buying power for the house is lowered by paying that loan. In your case, $5000 is 20% of $25000. For a good 20% down purchase, I'd want those funds available. You also don't mention retirement accounts. Depending on the home purchase timing, I'd start to think about putting aside at least the $5500 per year IRA/Roth IRA maximum.

7835

My theory, if you must be in debit, own it at the least expense possible. The interest you will pay by the end, combined with the future value of money. Example: The Future value of $3000 at an effective interest rate of 5% after 3 years =$3472.88 Present value of $3000 at 5% over 3 years =$2591.51 you will need more money in the future to pay for the same item

7845

"These days almost all risky assets move together, so the most difficult criterion to match from your 4 will be ""not strongly correlated to the U.S. economy."" However, depending on how you define ""strongly,"" you may want to consider the following: Be careful, you are sort of asking for the impossible here, so these will all be caveat emptor type assets. EDIT: A recent WSJ article talks about what some professional investors are doing to find uncorrelated bets. Alfredo Viegas, an emerging-markets strategist for boutique brokerage Knight Capital Group, is encouraging clients to bet against Israeli bonds. His theory: Investors are so focused on Europe that they are misjudging risks in the Middle East, such as a flare-up in relations between Israel and Iran, or greater conflict in Egypt and Syria. Once they wake up to those risks, Israeli bonds are likely to tumble, Mr. Viegas reasons. In the meantime, the investment isn't likely to be pushed one way or another by the European crisis, he says."

7882

Well kind of hard to give an answer without seeing the underlying syllabus, but judging by the title of the majors here's what the career paths *might* be. Personal Financial Planning generally leads to a career in financial planning wherein clients come to you and explain to you their future goals and you have to devise an investment plan which adheres to their assets and liabilities structure. I'm getting a sense that the major is a precursor to the CFP certification; so check out the CFP Board's website. Finance Major is *probably* the major which leads to a career in investment banking or investment management (wherein you'll probably deal with institutional clients rather than individuals). It's worth noting that the two majors probably share courses.

7904

I see a lot of comments on reddit from people about how they just bought a house. A lot of people still have a post 2008 bust mindset about the world, ideas such as house values always rise, an education is always worth it, always max out your 401k, etc.

7915

7925

"That is a great distinction you bring up: Has the Don filed for personal BK or Corp bk? In April of 2011, The Wall Street journal [asked him](http://blogs.wsj.cccom/washwire/2011/04/11/trump-will-probably-run-as-independent-if-he-doesnt-win-gop-nomination/): Should someone who filed for bankruptcy multiple times be running national finances at a time when we have a big debt problem? His Answer? ""I've never filed for bankruptcy."" ...um... to say the LEAST this is semantics, I would classify it as an outright lie. I say that because he slaps the name on EVERYTHING, he is the President, CEO, Chairman of the Board - he is responsible (until things go south) then the investors and debtors are left with an empty shell. Here are some examples: * Trump Plaza Hotel bankruptcy – On Nov 2, 1992, Trump's Plaza Hotel was forced to file Chapter 11 bankruptcy protection after being unable to make its debt payments. Under the plan, Trump agreed to give up a 49% stake in this luxury hotel to Citibank and five other lenders. * Trump Shuttle closure – The Trump Shuttle became no more when it merged with Shuttle Inc, operating as USAir Shuttle in 1992. * Donald Trump personal bankruptcy – By 1994, Trump slashed a large portion of his $900 million personal debt and washed away $3.5 billion in his portfolio's business debt. * Trump Hotels & Casino Resorts' bankruptcy – On November 21, 2004 Trump's company filed for bankruptcy. Trump said the filing was ""really just a technical thing"" as the best way to implement a restructuring plan. * Donald Trump personal bankruptcy (again) – Once again, Trump filed for personal bankruptcy protection and restructured his debt in 2004. * Taj Mahal bankruptcy – On November 22, 2006 Donald J. Trump’s casino empire filed for bankruptcy protection after months of negotiations with bondholders over restructuring a crushing debt. * GoTrump.com – Donald Trump's online travel search engine was launched in 2006. Just a year later it folded. * Trump 29 Casino – Now known as Spotlight 29 Casino because Donald Trump's ownership/management involvement ended in 2006). * Donald Trump Ocean Resort Baja – This Mexican resort was never built and investor's deposits (up to $500,000.00) have not been returned. Trump claims these buyers are “lucky” because they would have lost more money in a tanking market had the projects been actually built. * Trump Towers Tampa – Trump is being sued right now in Tampa, Florida for taking deposits on a 52-story condo tower that he never built. None of the buyers got their $45,000 deposits back. And in an ironic twist, initial sales of this condo were so successful that all deposits were returned to charge a higher price. * Trump International Hotel and Tower Chicago – Trump built the second tallest building in Chicago… he also defaulted on a $40 million loan. Rather than having to pay the bank loan, Trump demanded the same bank should pay him $3 billion for ""undermining the project and damaging his reputation."" * Trump Magazine – Trump's private-labeled publication (which was aimed at affluent readers in major US markets) suffered from sagging ad sales. It folded on May 19, 2009. This was Trump's third failed attempt at offering a magazine bearing his name. * Trump International Hotel & Tower New Orleans – If constructed, this Trump Tower would become the tallest building in the city of New Orleans and the state of Louisiana at 70 stories high. But the project was put on hold in February of 2009. * Trump Entertainment Resort Holdings bankruptcy – On February 17, 2009 casino operator Trump Entertainment Resorts Inc filed for Chapter 11 bankruptcy protection (with a debt ratio of $50 million in assets to his $500 million in debt). * Donald Trump SoHo Hotel Condominium – Donald Trump was sued for fraud over his New York SoHo condo offering in 2010. The lawsuit by 15 plaintiffs alleged that during the first 18 months of marketing, Trump advertised that the building was ""30, 40, 50, 60 percent or more sold"" when in fact just 16% of the units were sold. * Trump Ocean Resort Baja Mexico – Instead of a 525-unit luxury vacation home complex with pools and tennis courts, this project is shaping up to be a legal battle with a big hole in the ground. Dozens of angry buyers sued Trump for failing to complete the project. Trump claims he only lent his name to the project (and it was the developers who allowed the project to fail). * Trump International Hotel & Tower Fort Lauderdale – Construction was to be completed by the end of 2009 featuring 298 hotel condominium units. Having defaulted on a $139 million loan, Donald Trump announced in November of 2010 he was no longer affiliated with the project. * Trump International Hotel & Tower Las Vegas – Through the end of February 2010, the 1,282-unit condominium hotel had only closed on 302 units. That equates to a 23.6% vacancy rate. It was forced into renting out the building as apartments. * Trump International Hotel & Tower in Dubai – This 62-story mixed-used building on the Palm Jumeirah’s Golden Mile was first announced in 2005. Construction was never started and the $2.9 billion project had been canceled and replaced with a shopping mall. So, back to your distinction - has he filed for personal BK? No. Has he filed for personal BK protection while he reorganized debt - YES. Does he manipulate the Corporate BK laws by playing a Corp shell game and filing for BK protection - Yes. Is it smart business? Or a scam? TL:DR - Magnets Bitch! *Edit for formatting"

7926

This is interesting. The application I'm putting together is more along the lines of automating the research process for a financial professional using a personal algorithm of his. The end goal is to provide him an alert to email when a new report is filed and if his criteria are met based on that report and past reports. Thanks anyway.

7928

I doubt it. If you have a good track record with your car loan, that will count for a lot more than the fact that you don't have it anymore. When you look for a house, your debt load will be lower without the car loan, which may help you get the mortgage you want. Just keep paying your credit card bills on time and your credit rating will improve month by month.

7944

"I added ""Shared money in account"" (SMIA) as sub-account of my bank checking (CA) account and moved current difference to that account so total of CA was not changed but now private and shared money is separated. My cases would be handled the following The only downside I see is that now my balance in CA transaction log do not match exactly with bank so reconciliation will be slightly harder."

7951

~~Most checks don't.~~ Edit: I've definitely seen checks cashed way beyond 90-120 days. I don't have extensive knowledge of the rules though. Regardless, it's not like Floyd magically loses is pay if he doesn't cash the check in time.

7969

If you don't want to pay much attention to your investments, target date funds -- assuming you find one (like Vanguard's) with no management fees beyond those acquired from the underlying funds -- are usually a great choice: when the target date is far off, they invest almost entirely (usually 90% or so) in (mutual funds that in turn consist of many) stocks, with the remainder in bonds; as the date gets closer, the mix is automatically shifted to more bonds and less stocks (i.e. less risk, but less potential return too).

7981

"Hey, I hear ya on this situation. I also graduated from a good school (Finance/Comp Sci) with a mediocre GPA and had difficulty securing a full time position in finance. My best advice is to network the shit out of alumni you can connect to through LinkedIn or your schools alumni network homepage. People are MUCH more open to talking than you would typically think. Like your friends said, getting into IBD as an analyst is ideal as it gives you a great line on your resume, shows you worked hard, and has amazing training. Now comes the really shitty part of this conversation, if you've already graduated college, it's next to impossible to get into a bulge bracket as an analyst. Your best bet in this case would be to try to get into a mid-cap or boutique IB and work your way from there. Again though, networking means 100x more than anything else. Now the good news, investment research is very different from investment banking. Yes, equity research is within an investment bank (sell-side and buy-side), but it is very different from investment banking (see Chinese Walls). It's easier to make the transition into research without formal recruiting than it is to get into IB directly. Couple things to keep in mind, KNOW THE DIFFERENCE BETWEEN SELL-SIDE AN BUY-SIDE. I'm not talking about just one buys stuff the other tries to get you to buy it. I'm talking about conflicts of interest on the sell-side, personalities, types of research, what your role entails, org structure, etc. SELL-SIDE IS EXTREMELY DIFFERENT THAN BUY-SIDE!! Buy-side is MUCH less flexible than sell-side in recruiting, also. Do you currently own stocks, trade, track stocks all day long, etc.? If the answer is no to any of those, buy-side is really really hard. They want people who live and breath investing, markets, news, companies, because that's what they do. Also, training is effectively non-existent on the buy-side due to the size of the shops (some can have $10b with 10 people including admins). Now lets talk sell-side. This is where I'd recommend you put your resources if you're really passionate about it. They tend to hire people without experience more often into entry-level jobs (b/c most are larger investment banks that use research to promote underwriting/investment business). Also, you need to have a pitch, but not as extensive as on the buy-side (those 1-2 pagers I talked about). The best advice I can offer is to hop on a Bloomberg/TR/CapIQ terminal if you can and just start finding email addresses of sell-side analysts (they publish them in their reports), and start writing the analysts directly expressing your interest in the business and your desire to talk with them. Be frank about where you are in your career, but show a true passion for research, and that you are ""hungry."" Attach your resume and keep the email short, a few sentences with maybe some bullets about how you could help that company. Spend the time to personalize it to that person. Follow up with a phone call in 1-2 weeks. They will appreciate the candidness and you'll find them to be very receptive. Even if these analysts don't have a job available right there, if they like you, they will pass you on to someone who might. This is how networking works, that guy might not have a job, but someone is always hiring, and its a tight knit community. The other option is to work for any finance firm in some role for 3-5 years then go back to get an MBA. With an MBA from a top school you can basically transition into anything. PM me if you ever want to talk over IM. I'd be happy to chat."

7989

"This is the best tl;dr I could make, [original](https://www.quantamagazine.org/in-game-theory-no-clear-path-to-equilibrium-20170718/) reduced by 95%. (I'm a bot) ***** > His crucial, yet utterly simple, idea was that any competitive game has a notion of equilibrium: a collection of strategies, one for each player, such that no player can win more by unilaterally switching to a different strategy. > How do players get to equilibrium in the first place? In contrast with, say, a ball rolling downhill and coming to rest in a valley, there is no obvious force guiding game players toward a Nash equilibrium. > The new result says that economists can't assume that game players will get to a Nash equilibrium, unless they can justify what is special about the particular game in question. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6oz36i/sounds_like_ouroboros_pos_is_right_on_the_money/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~173468 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*: **play**^#1 **equilibrium**^#2 **game**^#3 **Nash**^#4 **each**^#5"

7998

ETFs are legally separate from their issuer, so the money invested should (the lines can get blurry in a massive crisis) be inaccessible to any bankruptcy claims. The funds assets (its shares in S&P500 companies) are held by a custodian who also keeps these assets separate from their own book. That said, if no other institution takes over the SPY funds the custodian will probably liquidate the fund and distribute the proceeds to the ETF holders, this is likely a less than ideal situation for the holders as the S&P500 would probably not be at its highest levels if State Street is going bankrupt (not to mention the potential taxation).

8000

If you have any non-mortgage debt – e.g. a credit card, a line of credit, a student loan, or a car loan – then I would pay that down first. The interest being paid on that kind of borrowed money likely exceeds what you could expect to earn in reasonable investments. If you don't have any non-mortgage debt, and your mortgage is large (e.g. thinking about it keeps you up at night, sometimes :-) then go for the the extra mortgage payment. Also go for the mortgage if you're paying at a relatively high interest rate compared to what you could expect from investments. If your mortgage is small (e.g. it's going to be paid off in a few years) and at a relatively low interest rate, then I would choose the RRSP or TFSA. Unless you're in the top income tax bracket, I would favor the TFSA over RRSP – TFSAs were only introduced this year and any balance there already is likely tiny compared to the RRSP. For retirement, I'm aiming to have equal amounts of RRSP and TFSA money. One option you haven't mentioned is an RESP. If you have children under the age of 18, your bonus could also be used to make next year's RESP contribution and qualify for the 20% matching Canada Education Savings Grant (CESG) from the government.

8003

Knowing the log return is useful - the log return can help you to work out the annual return over the period it was estimated - and this should be comparable between stocks. One should just be careful with the calculation so that allowance for dividends is made sensibly.

8012

It is worth noting first that interest and short-term dividends/capital gains are all taxed at the same rate. So all the investments below I mention (even savings accounts) will be taxed at the same rate. Also, even short-term capital losses can often be harvested to reduce your tax rate in many countries. While it is worth paying attention to the taxes when investing in the short term the more important factor is how much risk that you can take or want to take with the money. Most equity portfolios like the S&P index give a much higher risk that there will be much less in the account when you need to buy. You generally have a higher expected return with equity but as you mention that return is very random over such a short period. Over such a short variable period many people will invest in short term bond-index funds or just keep the fund in a high-yielding savings account. With the savings account your money is guaranteed. Short term bond funds will have generally higher yields but a small chance you may lose money in the short term. Some people can trade short-term bond indices for free with their broker but if you can't be sure to include the trading costs when thinking about which investment to use as with how low yields are currently the fees may eat up any advantage you gain.

8018

I will answer this question broadly for various jurisdictions, and also specifically for the US, given the OP's tax home: Generally, for any tax jurisdiction If your tax system relies on periodic prepayments through the year, and a final top-up/refund at the end of the year (ie: basically every country), you have 3 theoretical goals with how much you pre-pay: Specifically, for the U.S. All information gathered from here: https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes. In short, depending on your circumstance, you may need to pay quarterly estimated tax payments to avoid penalties on April 15th. Even if you won't be penalized, you, may benefit from doing so anyway (to force yourself to save the money necessary by April 15th). I have translated the general goals above, into US-specific advice:

8020

Compared to a regular after tax savings account, there are several downsides of HsA: 1) many many fees by the bank - account opening fee, monthly maintenance fee, etc, up to $70/year 2) early withdrawal fee of now 20% of all the withdrawn monies. If you are in the 35% tax bracket, this will cost you %55 ---- they take more than half of your money if you make a mistake and must withdraw early for non-med purposes. There is no such downsides with regular savings accounts that are after tax. For more, see http://www.myvirtualschool.com/video/830/Attention:-Five-Secret-HSA-Account-Traps

8027

Not really. There are rules against subsidizing markets that inflict injury on like industries among WTO nations. Bombardier is violating that rule by getting subsidies for commercial airliners. Boeing gets government loans for Department Of Defense contracts, but not for commercial jets. Canada has a bad habit of side stepping NAFTA and WTO guidelines and they're upset someone is finally calling them on it. If Canada wants to subsidize markets that fellow WTO nations do not participate in, fine. They have that opportunity. Bombardier was not that.

8028

Yeah, there's no story of some kid from Canada uploading a video to YouTube for free and becoming an instant millionaire success. Oh, [wait](http://en.wikipedia.org/wiki/Justin_Bieber). All that aside, you do have a somewhat valid point. Most new artists aren't going to make $1 million in a week releasing their standup. But the old model still needs to change and the greed in the entertainment industry needs to be quashed. They used to provide a good/ok service, but they've failed to innovate.

8048

I can't even remember the last time I tried buying a shoe at Foot Locker and they actually had my size. No, I don't want you to place an online order for me that I can do myself when I get home.

8057

Actually, most insurance policies DON'T have a cash value if you don't make a claim. The reason that some life insurance policies do this is that they are really tax sheltered investments posing as insurance. With that in mind, the root of your question is really whether insurance premiums are wasted if you never make a claim. It really makes no difference if you are talking about EI, Auto, or Homeowner's insurance. My answer to that is no. What you are paying for when you buy insurance is financial risk avoidance. Look at it this way, you don't buy EI as an investment where you hope to get a return on your investment. You are buying the right to be protected against catastrophic financial difficulty associated with losing your job. Whether you claim it or not you did receive that protection. This is what drives me so crazy when I hear people talk about how an insurance company is ripping you off because you paid more in premiums than they paid out in benefits. Of course you did! If most people didn't pay in more than the company paid out there would be no financial interest for someone to form an insurance company.

8060

Sounds about right. From [Give Well](http://www.givewell.org/how-we-work/our-criteria/cost-effectiveness): > As of November 2016, the median estimate of our top charities' cost-effectiveness ranged from ~$900 to ~$7,000 per equivalent life saved (a metric we use to compare interventions with different outcomes, such as income improvements and averting a death) .

8063

Not sure if your question is on topic, but the investment is only $9 because that is maximum amount of money the merchant ever needed to start up the business. He put in $9, started turning a profit, and never looked back.

8082

I am touched that you think I can start a civil war on reddit.  You are a presumptuous fool and completely missed the point.  I did not blame my employers for this country's oppressive monetary system.  They did not design it, and they also struggle under it.  Your incapacity for empathy of people who were not born lucky and have to struggle to make ends meet and live every day with financial worries is the asshole attitude of the rich fuckers of whom I speak.  I am sure you enjoyed masturbating over your hallucinations about who you think I am.  You must be one of privileged brats who has never applied for a job and has no idea what it takes to start or succeed in business if you think it is so easy.  Or maybe you have stockholm syndrome and learned to enjoy taking it in the ass.

8088

Only having 1200 dollars sounds extremely dangerous and in my opinion is not a sound situation to intentionally put yourself into. You have what, 11k total? That is roughly a rainy day fund, depending on your expenses and clarity of cash flow. I think you should keep that money in the bank as your new baseline. At least 10k of it. Don't touch that money unless you need to pay for an unexpected expense. Now, you have $0 to work with, but a safe-ish cushion. Then, and only then, should any extra money be used for either paying down the loan or tax advantaged accounts. A retirement account is probably the right long term financial choice. However, if it were me and I were (back) in that kind of situation, I would pay off the loan first, primarily for personal satisfaction, then start maxing retirement contributions.

8100

Exactly. Target has one of the most sophisticated IT/Inventory Management systems in the retail industry. They definitely knew about this and chose to allow it. The fact that they renewed the deal, after it expired, with the same terms is further proof that they were OK with this behavior.

8119

Right because there aren't any electric cars in existence other than the Tesla. Last time I checked there are at least 3 of them out there priced for normal consumption. Either way your argument was already iterated in my comment if you had bothered to read it.

8126

Navy Federal Credit Union recently added this feature. It is free for members making a deposit to their personal checking account, though you have to be a member for at least 90 days to be eligible. I have an all-in-one printer with flatbed scanner and availed myself of the service a couple of days ago. There wasn't any additional software involved as everything was done through the web browser, as shown the scan deposit demo. The only problem I had was figuring out how to align the check for it to be scanned completely (had to place the check in the middle of the scanner, aligned lengthwise; that was more of a hassle to figure out that one would suppose). That was it. I immediately received an e-mail confirmation that my deposit had been approved and processed. While Navy Federal's scan deposit FAQ is specific to them, of course, it is pretty comprehensive and gives one an idea of the general restrictions applied to the service.

8129

When you want to hire personal assistants, you must be sure that you are hiring in a trusted company or the person you talk to have been proven by a lot of people. You must be wise in choosing one because these people will handle some of your personal things and data.

8135

The charts suggest otherwise. Although most of the large gains were wiped out in 2008 and 2011, that doesn't include the substantial dividends you are likely to get with financials. They still returned a positive percentage and some outperformed benchmark indices over time. But hey, don't let your bias get in the way.

8151

">"" I think we can all agree people are not a commodity that is valued in dollars."" I don't agree with that statment. Ever read an economics textbook? There are three [factors of production](https://en.wikipedia.org/wiki/Factors_of_production) Land, Labor, and Capital. Labor (ie. people) are a commodity that are valued in dollars. The United States governement [values a human life](https://en.wikipedia.org/wiki/Value_of_life#United_States) at around +/- $10 million dollars. The claims that high minimum wages force people out of the labor force is supported by many famous economists. Milton Friedman (a noble prize winning economist) stated in regards to the [minimum wage](https://www.youtube.com/watch?v=ca8Z__o52sk) that ""People whose skills are not sufficient to justify that kind of a wage will be unemployed."""

8163

Republican voters need to stop thinking that the GOP supports small business. In fact they dont, they work agressively to margnialize small business because small businesses dont have the political clout that large multinationals do. What happens in this scenario? You the small busienss owner end up subdiziding the cost of big business in the form of higher taxes while big corporations get away scot free. Stop believing that the GOP wants to help small business when the GOP has supported every pro-monpolization and pro-consolidation law for the past 90 years. I sympathize with workers who do personal care, other kinds of jobs where they really are at the mercy of the market, where making smart decisions that negatively impact employees is often a choice between staying in business or not.

8177

There are several ways that the issuers profit from CFDs. If the broker has trades on both sides (buy and sell) they can net the volumes off against each other and profit off the spread whilst using the posted margins to cover p&l from both sides. Because settlement for most securities is not on the same day that the order is placed they can also buy the security with no intention of taking delivery and simply sell it off at the end of day to pass delivery on to someone else. Here again they profit from the spread and that their volumes give them really low commissions so their costs are much lower than the value of the spread. If they have to do this rather than netting the position out the spreads will be wider. Sometimes that may be forced to buy the security outright but that is rare and the spreads will be even wider so that they can make a decent profit.

8186

I'm looking for another one right now. Here's what I've found: Los Alamos National Bank (www.lanb.com) has tokens ($5?), but I think they only open accounts for New Mexico residents. I've had one for several years. USAA Savings Bank (usaa.com) has tokens ($5 or free, I don't remember). I'm pretty sure you do NOT need to be a USAA member to open an account. I've had one for a couple of years. Several banks (Frost Bank, American National Bank of Texas, Amegy Bank, and probably many, many more) offer them as part of their Treasury Management accounts, meant for big businesses and charged for accordingly. Happy State Bank (in, where else, Happy, Texas) has a web page saying they have them but their services charges were more than I wanted to pay. ClearSky Bank (an Internet bank started by Chesapeake Bank) claims on their web page to have them but I haven't verified that yet. Still looking...

8200

Capital is an Asset. Decreasing value of capital is the decreasing value of an asset. When you buy the forex asset * DR Forex Asset * CR Cash When you sell * DR Cash * CR Forex Asset The difference is now accounted for Here is how: Gains (and losses) are modifications to your financial position (Balance sheet). At the end of the period you take your financial performance (Profit and Loss) and put it into your balance sheet under equity. Meaning that afterwards your balance sheet is better or worse off (Because you made more money = more cash or lost it, whatever). You are wanting to make an income account to reflect the forex revaluation so at the end of the period it is reflected in profit then pushed into your balance sheet. Capital gains directly affect your balance sheet because they increase/decrease your cash and your asset in the journal entry itself (When you buy and sell it). If making money this way is actually how you make you make an income it is possible to make an account for it. If you do this you periodically revalue the asset and write off the changes to the revaluation account. You would do something like *DR Asset *CR Forex Revaluation account; depending on the method you take. Businesses mostly do this because if the capital gains are their line of business they will be taxed on it like it is income. For simplicity just account for it when you buy and sell the assets (Because you as an individual will only recognise a profit/loss when you enter and exit). Its easier to think about income and expenses are extensions of equity. Income increases your equity, expenses decrease it. This is how they relate to the accounting formula (Assets = Liabilities + Owners Equity)

8209

It was about a decade between splitting consulting off and the IPO, including 3 years of legal action to allow the consulting branch to become a fully independent entity, and the partners on each side were not exactly best friends during that time. Not exactly a quick money grab. (also please note that Andersen created a new consulting group *before* the IPO of what was then Andersen Consulting, and this was what lead directly to the lawsuit)

8237

Since nobody seems to have an answer here is the list I've came up so far: I'll keep adding to the list - also feel free to edit or comment if can add to the list.

8241

"notably spending money on PR and advertising to sell the narrative that the ""liberal/communist"" president is going to take guns away so ignorant and gullible retards go out to buy them ""before it's too late."". Every democratic president is an opportunity in the eyes of the gun lobby regardless of what the actual policy is"

8252

In some places government grants exist to provide safe places in communities. Angel Investors, SCORE, there are many types of ways to get it done. I will tell you that once you start a business you'll definitely have to drop the defeatist attitude. I heard from so many people that we would never make it, even family members, now we regularly have 50-100 people stop by on Friday or Saturday nights, we have all nighters every weekend, tournaments, and other gamer gatherings. The small businesses that succeed are the ones that don't stop because it seems impossible. Most LAN type places that remain open offer more than just games to play. Tech repair, PC's, tablets, phones, ect.

8260

Your out-of-context argument is the thing with no basis in reality. Other retailers do the very things I'm talking about, all while thriving. Costco is the example that readily springs to mind. Wal-Mart already pays below market wages anyway. You think there's some slightly more skilled body of workers just itching to work at Wal-Mart, if only Wal-Mart would pay more? There might be some people who could drift between Costco, Wal-Mart, Trader Joes.. what have you, but it's not like Wal-Mart workers are inherently worse. They are just treated worse. You ask why people 'choose' to work at Wal-Mart? Are you really that shortsighted? Why don't all mom and pop stores just 'choose' to lower their prices to compete with Wal-mart? Oh right, it's not feasible for them because they don't own their whole supply chain. People don't choose to work for Wal-Mart vs other places, it's because Wal-Mart literally shuts down entire small towns mainstreets. Nothing I'm talking about has anything to do with productivity, which really doesn't apply here. At the retail level, all workers are essentially the same. What, exactly, are they producing? They provide a service. You are conflating macroeconomic theory with real world business.

8261

"I would make this a comment but I am not allowed apparently. Unless your continent blows up, you'll never lost all your money. Google ""EUR USD"" if you want news stories or graphs on this topic. If you're rooting for your 10k USD (but not your neighbors), you want that graph to trend downward."

8266

You aren't in trouble yet, but you are certainly on a trajectory to be later. The longer you wait the more painful it will be because you won't have the benefit of time for your money to grow. You may think you will have more disposable income at some point later when things are paid off, but trust me you wont. When college tuition kicks in for that kid, you are going to LAUGH at those student loan amounts as paltry. The wording of your question was confusing because you say in one place that you have no savings, but in another you claim to be putting away around $5k/year. The important point is how much you have saved at this point and how much you are putting in going forward. Some rules of thumb from Fidelity: (Based on your scenario) Take a look at your retirement account. Are you on track for that? It doesn't sound like it. Can you get away with your current plan? Sure, lots of people do, but unless you die young, hit the jackpot in the stock market or lottery, you are probably going to have to live WELL below your current standard of living to make that happen.

8276

No. Your deposits should not have been accepted in the first place. No legit rollover opportunity exists. Related - Can excess 401K contributions returned with 1099-R be rolled over to a Traditional IRA?

8308

"It was Telecommunications. And always Philadelphia customers. Worst market ever, because we were a bottom level company that they had already got banned by Verizon and AT&T for lack of payment. ""You can't cut us off! my babies got the asthmas! And that means you cant cut our service off!"" ""...Well no, you can have a basic phone as long as you pay $14.95 technically, but your TV is cut, your internet is cut....and you still haven't paid a single dollar in six months!"" ""Ill call the BBB."" ""Do it, here is the number."""

8312

I don't know of a country in the developed world with legalized cocaine, I think it was at least decriminalized in Portugal, but I doubt they have a substantial cocaine problem to begin with. It would be a bold step to have cocaine become industrialized like alcohol in the US, and my concern is that it would be even more widely used in exchange for decreased cartel violence; which would be a wash at best. Marijuana decriminalization is another story, but I don't agree with legalization of cocaine, heroin, or methamphetamine.

8321

The time horizon applicable to the price target is always specified by the broker or bank which published the research report. You will find this information in the disclaimer, which is present on every research report. Usually it is 12 months, but some firms give 6 months price targets. However, you should never rely on the price target alone and always combine it with the following details (to name a few): Are the analyst's estimate above or below consensus estimates (or company guidance), did the analyst rise or lower its estimates. What is the rating on the stock (Buy, Sell, Hold...), when did he change his rating or price target. Does the firm do business with the company? (which may influence a bullish tone and optimistic price target).

8326

Do you have signature authority or interest in the account? Then yes. Interest in the account means that you wire $25K to your dad, but the money still belongs to you (I.e.: if you ask for it your dad will give it back to you).

8327

"We're both wrong. https://en.m.wikipedia.org/wiki/The_dismal_science > ""The dismal science"" is a derogatory alternative name for economics coined by the Victorian historian Thomas Carlyle in the 19th century. The term drew a contrast with the then-familiar use of the phrase ""gay science"" to refer to song and verse writing.[1]"

8341

I just found this old post. I worked in this field 4 years ago. The information is old. I assume the players are mostly the same. AIR in Boston and EQE in Oakland do the computer modeling for cat bonds and reinsurance. Hedge funds will often hire guys who have worked with the software. Swiss Re is the investment bank for cat bonds. The hedge funds that do cat bonds exclusively are pretty boutiquey. The exception is DE Shaw. Reinsurance is a pretty good entry into cat bonds. just some thoughts. get back to me if you have more questions.

8356

Although valuable details are available using the internet keywords offered, it is still important to seek advice from people who have had the surgery treatment about the opinions of experts. This way, you can gain knowledge from the personal encounters of others and know what can be expected. All of these things can help you choose the right Eye Doctor in Barrington IL.

8364

Thank you. I was going to post this. It should be the top comment. I think that Elizabeth Warren's ideas here are much more thoroughly researched, and present a much more comprehensive and compelling explanation than most of the uninformed opinions being spouted.

8391

In the region, my school was well regarded, but you could call it a target school for the firm. 2 of their more senior partners were alum, so they made it a priority to recruit from our school (the other big accounting firms didn't have that connection and only took a couple grads).

8399

This. I am as liberal as the next guy, but hearing this sub become a place to rave about political views is getting old. That is why I hardly ever post here. I am more interested in the direction of the economy than placing blame or giving credit.

8415

Do NOT use the same LLC. By default he would own 1/2 of the DBA so you would have to hire an attorney to section it off. Then you have to worry about him changing his mind later and suing you if the DBA is sucessful. Not to mention the EIN controls the cash and tax flow and the DBA would be using the same EIN so it gets really murky. Don't even consider it, just create a new LLC.

8444

Is this true though? I mean say if you increase taxes for the wealthy to 50% you'll end up with the state that certainly has significantly more money. But the trouble is the state hasn't been very good at spending it. Look at the kind of stuff they get up to with the cash they have now. They fight wars, build massive jails and involve themselves where it's none of their business. Do you really want them to have more money? I'd be less concerned if they proposed higher taxes for stuff like basic income but I don't see higher taxes just by themselves as really being helpful.

8464

People rave about Basecamp by 37signals. The impressive part is all the add-ins you can get for it. There are add-ins for invoicing, billing, accounting, and time tracking.

8468

I suspect the real problem is that the stagnation of middle-class salaries vs. Lego being something of a premium (though worth it!) toy. Add in that Millennials are waiting longer to form long-term relationships and the dropping birth rate (at least in the US)... The durability factor surely doesn't help - folks more likely to pass down their own kits instead of buying more, and I'm guessing there's a thriving lego market on eBay as well? Figure all the above together are the problem.

8470

Go to flightaware or flightradar24. You can track any airplane (a few exceptions) on an IFR flight plan, which a 747 will certainly be. If they were going for sneaky, smaller planes that don't get tracked would be ideal. Source: pilot

8480

It is highly unlikely that this would be approved by a mortgage underwriter. When the bank gives a loan with a security interest in a property (a lien), they are protected - if the borrower does not repay the loan, the property can be foreclosed on and sold, and the lender is made whole for the amount of the loan that was not repaid. When two parties are listed on the deed, then each owns an UNDIVIDED 50% share in the property. If only one party has pledged the property as surety against the loan, then in effect only 50% of the property is forecloseable. This means that the bank is unable to recoup its loss. For a (fictional, highly simplified) concrete example, suppose that the house is worth $100,000 and Adam and Zoe are listed on the deed, but Adam is the borrower for a $100,000 mortgage. Adam owes $100,000 and has an asset worth $50,000 (which he has pledged as security for the loan), while Zoe owes nothing and has an asset worth $50,000 (which is entirely unencumbered). If Adam does not pay the mortgage, the bank would only be able to foreclose on his $50,000 half of the property, leaving them exposed to great risk. There are other legal and financial reasons, but overall I think you'll find it very difficult to locate a lender who is willing to take that kind of risk. It's very complicated and there is absolutely no up-side. Also - speaking from experience (from which I was protected because of the bank's underwriting rules) and echoing the advice offered by others on this site: don't bother trying. Commingling assets without a contract (either implicit by marriage or explicit by, well a contract) is going to get you in trouble.

8496

They immediately make money by charging you the initial 2.39% fee. In the long term they make money because a surprisingly large number of customers don't pay the balance off, or otherwise violate the terms of the offer, so that the 18.95% rate applies. And sometimes, depending on card policies, they make money when the consumer makes new purchases on the card which accrue interest immediately at the 18.95% rate while payments only go to paying down the 0% rate balance.

8515

The weird thing is that Walmart and maybe Kohl's sales are becoming the economic conscience of America. If Kohl's does better because Walmart shoppers move up a notch -- cool. If Kohl's is doing bad, and Walmart's down, and especially if Walmart necessities of life items are doing poorly, we know things are going the wrong way.