Datasets:

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9554

According to the (NIDA), There are a few basic factors such as trouble at home, mental health issues, friends or family members who abuse drugs and alcohol. Drug addiction is very bad for body and mind. We provide the best Drug and alcohol addiction recovery in the world. If you have a family member who is addicted to some type of substance we hope, you will be the best treatment at our center.

9560

Despite QE, monetary expansion in the US has gone down for the last 10 years. I am not quite sure what you are asking. Yes banks have trillions at the Fed because of the central bank “money printing,” but none of that is leaking into the economy. Are you referring to central banks around the world purchasing US treasuries? Are you asking what assets are closely connected to treasuries that you can avoid?

9561

How can banks be expected to make good decisions when they are not responsible for creating their own reserve? Do you think that the banking system could run without FDIC? And why? And what is your opinion on local banking vs. big corp banking?

9568

That may become complicated depending on the State laws. In some States (California for example), LLCs are taxed on gross receipts, so you'll be paying taxes on paying money to yourself. In other States this would be a no-op since the LLC is disregarded. So you need to check your State law. I assume the LLC is not taxed as a corporation since that would be really stupid of course, but if it is then it adds the complexity of the Federal taxes on top as well (corporate entity will pay taxes on your rent, and you'll pay taxes on your dividends to get the money back). The best option would be to take that property out of the LLC (since there's no point in it anyway, if you're the tenant).

9573

John E. Russi, CPA, PA accountants, advisors and consultants, is a full service independent public accounting firm. We offer our clients accounting, advisory and consulting services in a timely and responsive manner at reasonable rates. Company Name: John E. Russi, CPA, PA Address: 7575,Dr Phillips Blvd Suite 320 Orlando, FL 32819 US Phone: (407) 345-1191 Website: http://www.russicpa.com/

9579

Good in theory, worse than our current system in practice. You can keep your drug from being created by anyone else on the planet by never filing a patent, all of which are public. Say goodbye to cheap genetics and day Hello to a larger monopoly.

9597

If you can still work, I think a very good course of action would be to invest the majority of the money in low-cost index funds for many years. The reason is that you are young and have plenty of time to build a sizable retirement fund. How you go about this course of action depends on your comfort level with managing your money, taxes, retirement accounts, etc. At a minimum, open an investment account at any of the major firms (Schwab, Fidelity, for example). They will provide you with a free financial advisor. Ideally s/he would recommend something like: Open a retirement account and invest as much as you can tax-free or tax-deferred. Since you already received the money tax-free, a Roth IRA seems like a no-brainer. Pick some low-fee equity funds, like an S&P 500 Index fund, for a large chunk of the money. Avoid individual stocks if you aren't comfortable with them. Alternatively, get a recommendation for a fixed-fee financial planner that can help you plan for your future. Above all, don't spend beyond your means! You have an opportunity to fund a very nice future for yourself, especially if you are able to work while you are still so young!

9632

> Your never done building your culture. It's not some sort of top ten list. It has to be maintained against entropy and natural employee churn Yes but that doesn't mean the person who built it is also the best person to maintain/enforce it. Bye Felicia.

9640

I haven't heard of a company allowing you to convert an after-tax 401k to a Roth 401k, though an after-tax 401k to a Roth IRA conversion is common and has basically the same upside. You'll have a taxable event on your gains until the point of the conversion, but that's a small price to pay to make sure all future gains are tax free. I agree, there really is no downside.

9649

The Euro is currently at 1.24. It's been lower than that before. Why do you think there is still so much money behind it? I'm not trying to push back, but do you know something that the market doesn't in terms of a collapse? Also, if you are so positive, are you heavily shorting the euro? I by no means am convinced that the euro was a good idea. But I am convinced that they will do whatever they can to keep it alive.

9656

Simple rule for UK student loans. Never repay early. (http://www.moneysavingexpert.com/students/student-loans-repay) They are not real debt: only payable over threshold and wiped after 30 years (ish). They do not appear as debt with Credit Agencies. If you have other debt, it is almost certainly at a higher rate or worse terms and should be paid off first If you don't have debt, then you can put the cash to better use: whether saving, mortgage deposit or avoiding worse debt in the future.

9664

Yes. if it wasn't rigged before, it certainly is now. High frequency trading and the ability to buy priority access to the exchange are the one two blows that killed it. Honestly, the exchanges themselves should be network neutral. It's an absolute crime that they aren't, it just takes money from normal people.

9672

"You're talking about money in a savings account, and avoiding the risks posed by an ongoing crisis, and avoiding risk. If you are risk-averse, and likely to need your money in the short term, you should not put your money in the stock market, even in ""safe"" stocks like P&G/Coca-Cola/etc. Even these safe stocks are at risk of wild price swings in the short- to intermediate-term, especially in the event of international crises such as major European debt defaults and the like. These stocks are suitable for long-term growth objectives, but they are not as a replacement for a savings account. Coca-Cola lost a third of its value between 2007 and 2009. (It's recovered, and is currently doing better than ever.) P&G went from $74/share to $46/share. (It's partially recovered and back at $63). On the other hand, these stocks may indeed be suitable as long-term investments to protect you against local currency inflation. And yes, they even pay dividends. If you're after this investment, a good option is probably a sector-specific exchange-traded fund, such as a consumer-staples ETF. It will likely be more diversified and safer than anything you could come up with using a list of individual stocks. You can also investigate recommendations that show up when you search for a ""defensive ETF"". If you do not wish to buy the ETF directly, you can also look at listings of the ETF's holdings. Read the prospectus for an idea of the risks associated with these funds. You can buy these funds with any brokerage that gives you access to US stock exchanges."

9674

No studies are cited about the education of corporate management. I bet you'd find a lot of those MBA's have undergrad degrees in engineering and science. The company presidents where I worked were all former scientists or engineers with MBA's, including two astronauts. Other aerospace companies were the same. The more technical the business, the more I bet this is true.

9676

"First you must understand your Marginal Tax Rate (Tax Bracket) The exemptions you claim are like saying to your employer ""tax me on $4050 less, or more"" for each change up or down of 1 exemption. Say you look at the table (2016 tables at my main site) and see you are in the 15% bracket. And your refund is $2000. 2000/.15 is $13,333. So you want that $13K to not be taxed. Raising exemptions by 3 (3x4050 = 12,150) will get you close. $1822 closer to your goal. For what it's worth, you can read through the instructions for the W4, of course. But this answer skips through the details and gets you to your goal. One point to note, since the exemption is in whole numbers, and $4050 is it, you will get close, +/- $608 if in the 15% bracket, but to get dead on, you'd need a mid year adjustment. Not worth it. A refund of under $608 should be enough for a 15%er. ($1012 for a 25%er) If you ready want to nail the taxes to a closer accuracy, you can use the line requesting additional dollars be withheld. Most W4 discussions miss this point. The exact number withheld by your employer comes from an IRS document known as Circular E, but retrieved as Publication 15. It will help you confirm the validity of my dirty shortcut method. What I do recommend is that you use a quick online tax calculator to do a dry run of you return, early in the year. If you see your withholding is off in either direction, best to adjust as soon as possible. (The numbers here now reflect 2016's $4050 exemption, recent question on Money.SE have linked to this one, prompting me to update for 2016)"

9683

[Brute Force](http://en.wikipedia.org/wiki/Brute-force_attack) Sending random hits to a server over and over again. Three order books. One happens earlier, the other two simultaneously. Bid ABT 105.00x1000 **Cancelled** Bid APPL 105.00x1000 **Cancelled** Bid AET 105.00x1000 **Cancelled** Bid ACT 105.00x1000 **Filled** The aforementioned happens before all else. Act's current value is 100.01.* Ask Act 100.00x1000 **Limit order denied** Ask Act 109.00x1000 **Filled** The third order book is simply testing the waters to see what the guy making the ask is willing to pay. *As well as all the cancelled orders, for the illustration.

9714

Hahaha. Oh yes! Brown rats, the second most successful mammal on the planet and the most well adapted human vermin, are totally only in your burger kings as opposed to fucking everywhere. Fast food is plenty clean. Just about any large corporate food chain will get consistently good health inspection marks due to the cost savings of a strong central training policy. Also, rats don't get as big as rabbits. You may have been looking at an opossum.

9726

"FYI, USA is not the only country in the world. If you try to stop people from making money, they will go do it elsewhere. Other countries are more than willing and competent, to accept these HFT folk. Even if all countries stop HFT. There will be encrypted black markets for this on the internets. Google ""dark pools"". Regulators are light years behind the ingenuity shown by Wall Street to find inefficiencies in the market. Computers and quantitative finance are here to stay. You cannot ask people to trade using emotions like during the Great Depression Era."

9731

5 reasons why should you buy HP laptops 1. First of all it is one of the best laptop manufacturer company, who provide all types of laptops for their customers. 2. You can buy easily from any store, but online it might be afforded with genuine guarantee. 3. It is compatible it gives you latest HP LAPTOP processor up to core i7 within reasonable prices and latest operating system. 4. You can buy all types of laptops from our online store which is Dubai, UAE based company, we are online seller and deals in all types of products. 5. At our online store we sell you Hp laptops within at lowest range.

9735

"BINGO. Only thing wrong in your statement is that GenX is NOT (not even remotely) gaining control of anything... not yet. **The Boomers are still in FULL CONTROL -- and IMO will be hanging onto that control by tooth and nail.** They will let go as a generation only when we can pry their ""cold, dead hands"" away. The only things that (generally speaking) GenX'ers are in control of is the entities that they themselves have created (i.e. various internet companies, etc). I don't think GenX will gain any REAL power positions or control until probably well past 2020 -- and then more likely than not, it will end up being ""shared"" control with GenY (who simply outnumber GenX by a wide margin). GenX is like the ""middle kid"" in a family -- squeezed from both sides -- mistreated & abused by older siblings, and having to be responsible for and mentoring their younger siblings (but given little or no credit for much of anything). That's just the way the cookie crumbled. (Something similar happened to the [""Silent Generation""](http://en.wikipedia.org/wiki/Silent_Generation) {who, born in circa 1925-1945, were stuck betwixt & between the so called ""Greatest Generation"" and the Baby Boomers}. Said ""Silent Generation"" did a LOT of work and made a LOT of innovations (everything from being the ""grunts"" of WWII, to the Beatles, to the moon astronauts were Silents), but invariably the ""credit"" {and the ""power"" -- no ""Silent"" was EVER President of the US for example, despite several attempts} went to either the prior or the latter generations) -- so it's not like there isn't a precedent."

9737

100% scam. Run away. If you have already given the bank account, inform the bank and close the account. Else just close the new account opened. Do not contact the scammer or reply back.... Just ignore ... Don't read any of scammer email, they are very convincing in why it's right and why it's not a scam.

9748

One way to determine compensation is as a percentage per actual hour billed (and paid by client). Very common place to start is 33% for company overhead/administration (insurance, taxes, office expense, etc), 33% for sales commission/costs (roughly half as direct sales commission, half for marketing), 33% as gross 1099 pay compensation to the employee.

9753

The Australian Tax Office website shows Tax Rates for individuals based on the income earned in the Financial Year. Calculating what you'll be taxed For instance, it show that every dollar you earn up to $18,200, you are not taxed. Every dollar over that, up to $37k is taxed at 19 cents. And so on.. Example 1 So as an example, if your income for the year is $25,000 you will be taxed $1292. Working: Here's how it's look if you were doing it in a spreadsheet using the Tax Rates table on the ATO website as a guide: Example 2 If you income is $50,000, it'd look like this: Withholding Your employer is obligated to remove the taxable part from your wage each time your paid. They do that using the calculation above. If at the end of the financial year, the ATO determines that too much as been withheld (ie. you've claimed deductions that've reduce your taxable income to less than what your actual income is), that's when you may be eligible for a refund. If your employer didn't withhold enough or you had income from other sources that haven't been taxed already, then you may actually need to pay rather than expecting a refund. Your question If you earn $18,200 in the year and for some reason your employer did withhold tax from your pay, say $2,000, then yes, you'll get all that $2,000 back as a refund since the Tax Rate for income up to $18,200 is $0.00. If you earned $18,201 and your employer withheld $2000, you'd get $1999.81 back as a refund ($2000 - 19c). You have to pay 19c tax on that $1 over $18,200.

9766

A log scaler on income would help visualize the data a little better. The physician is just so out of line with the other wages that it makes every other job seem to pay roughly the same. Or a break in the scale to look at outliers. Or the data could be perfect and the zoom feature isn't working on mobile. TLDR: According to this chart I should be a physician.

9772

Has anyone on this thread experienced this firsthand? I am interested in talking with older tech workers who have encountered the kind of ageism, or the kind of college campus, hackathon atmosphere of a young tech company that caters more toward twenty-somethings than employees with families. I report for Marketplace and am covering the issue.

9786

Having a strong brand name is of paramount importance in recruitment if you are to be at the top of your game. But which companies are embracing the business of branding? And those that aren’t using branded advertising, why not?

9793

We have realized from our experience that rent to own is a scam. They want your money either way. We are at the buying part, and finding it difficult to find a lender to give us full money the seller is asking us for the the house. The house we have isn't valued at the same it was two years ago and now we are going to lose the house because we don't have the other $40 thousand they lied about at purchase price. We will not do this again but coming from bankruptcies in the past is hard as well.

9807

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9813

Using the advice of @user102008 , I read-through the booklet of State2, and it said the following: ... so I'm not going to include my State1 W-2s.

9814

"Ever wonder why certain businesses won't accept certain credit cards? (The sign above the register saying ""Sorry, we don't accept AmericanExpress""). It's because they don't want to pay that credit card company's transaction fees. One of the roles of the credit card company is to facilitate the transaction process between the customer (you) and the store. And now that using credit cards over cash or check is so ingrained in our culture, it creates extra work for the customer to make purchases at an establishment that is cash-only. Credit card companies know this, and so do businesses. So businesses will partner with credit card companies so that customers can use their cards. This way, everything is handled electronically (this can also benefit the business, since there's added security as they're not dealing with cash directly, and they don't have to manually count as much cash later). However a business may only budget a certain amount of their profits they want taken by credit card transactions. So if a company's fees are too high (say AmericanExpress, for example) and they are banking on you already having a Visa card, the company isn't going to go out of its way to provide the AmericanExpress option for you. If it were free for the business to use a credit card company's service at their stores, then they would all just provide the option for every card! So the credit card company making money is all contingent on you spending your money by using their credit card. You use the card, and the store pays the company for the transaction."

9819

>a set fraction of the mean income, distributed to everyone whether or not they have other income. Seems fair to me. I would also re-tool tax brackets so instead of being based on income, they'd be based on money eared relative to the national mean. That way the brackets are naturally dynamic.

9830

The answer to your question is very simple: The preauth and the shipment of the goods have no connection within the credit card system. It is possible to process a payment that does not cancel a preauthorization. This is needed for the case where you place two orders and the one you placed second ships first. A preauth can remain active for some time unless it is captured or cancelled. So in your case a preauth was placed and remained active. That you were shipped and billed for some goods had no effect on the preauth because one side or the other failed to attach them.

9832

A rising tide lifts all ships Most (but not all) stocks trend along with the general market. Some trend right along with the market (and have a beta at, or very near, one) some follow the Market, but are less sensitive (having a beta of less than one). Some are hypersensitive (and would have a beta of greater than one). Beta defined So most of the day to day movement of a stock is because the general market is moving (in the same direction). Of course, exceptional news about the company would cause its price to move independent of the general market. But more often than not the price of a stock moves just because the rest of the market is moving.

9843

I believe the following statement by JAGAnalyst is incorrect: In your wife's case, if you have an HSA and she has traditional health benefits with an FSA, this is not considered a problem since she can only use the FSA money for expenses incurred by members of your family on her plan. Unless your FSA funds can only be used for your spouse's expenses and not yours (very few employer FSA plan documents state this), then the IRS will assume that the FSA funds are available to all family members, thus making you ineligible to contribute to an HSA. According to the link cited above above by JAGAnalyst regarding Eligible Expenses: You can use your account funds for numerous health care-related products and services — for yourself, your spouse, and your qualifying child or relative.

9845

Your tax bracket is determined by your total taxable income in a given year, where money drawn from a traditional-style deferred-tax 401k or IRA is taxable income. (Money drawn from a Roth account was taxed before deposit and is not taxed when withdrawn after the relevant date.) Your recent salary history has no effect on this, except salary in the same year -- and there is no advantage to be gained by taking a deliberate pay cut for its own sake.

9849

"Its called propaganda. This is a freaking bot that keeps posting anti-trump threads. Take a look, the ""user"" has over 7,000 karma and 0 comment karma. They don't even try! It has posted over 500 different threads in the 2 months it has been active, without making a single comment. Take a look at what all the threads are about, I'm sure you will be shocked. its probably a bot for /u/postnationalism"

9861

I am assuming that you are talking about rolling a 401k over to an IRA since if you were rolling over to another 401k you probably would not have a choice as to where it would be. Ameriprise will generally have lower fees than JPMorgan. (Probably why your husband's mutual fund is with Ameriprise.) Additionally having both accounts with Ameriprise will better allow them to assist you with your long term financial planning. For these two reasons I would recommend rolling your account over to Ameriprise. No, I do not work for Ameriprise

9876

One reason a company might choose to pay a dividend is because of the desire of influential stockholders to receive the dividend. In the case of Ford, for example, there are 70 million shares of Class B stock which receive the same dividend per share as do the common stock holders. Even though there are 3.8 billion shares of common stock, the Class B owners (which are Ford family) hold 40% of the voting power and so their desires are given much weight. The Class B owners prefer regular dividends because if enough were to sell their Class B shares, all Class B shares (as a block) would have their voting power drop from 40% to 30%, and with further sales all special voting would be lost and each Class B share would be equivalent to a common share in voting power. Hence the Class B owners, both for themselves and for all of the family members holding Class B, avoid selling shares and prefer receiving dividends.

9883

I highly doubt Walmart will be killed off by Whole Foods-Amazon. Sure you can buy tons of organic food at Wal mart and prices there might get squeezed but is Whole Foods brick and mortar stores also going to start carrying motor oil, tires, and cheap ass Hanes white shirts? I know Amazon carries those but it's still online.

9906

"I'm loving this thread, by the way. The answer to your question is yes: the PDE method and the martingale method lead to the same result. I think this is intuitive, since they address the same things (drift, probability, etc). Heath & Schweizer (2000) have a nice paper in the Journal of Applied Probability that shows the (fairly general) circumstances under which the two methods will always have the same result. It's titled ""Martingales versus PDEs in Finance: An Equivalence Result with Examples"". My argument is that Black-Scholes is really an equilibrium model, not an arbitrage-free model. Despite that, I'm claiming that it is possible to use BS (and any other equilibrium model) in a no-arbitrage manner by incorporating information from other securities, but that this doesn't make the underlying model and its assumptions a no-arbitrage model. I think, basically, what I'm trying to say is that I don't think market completeness is really the issue, but rather that the issue is the difference between the model and reality. Equilibrium models make a statement about what reality *should* be, given some parameters that you're supposed to know with certainty (all bets are off if you have to estimate them). Arbitrage-free models explicitly use external, observed prices, *but do not explain why we observe those prices*. In this context (and using these definitions), I'd say Black-Scholes is clearly an equilibrium model, albeit one built from some arguments that involve arbitrage."

9921

Practice exams are best for 2 weeks before the test date, then hitting your weak topics a bit. Any studying in the last couple of days didn't help much for me at least. Qbank is great for L1 but diminishing returns as the levels go on in my experience.

9938

The best source of financial statements would be from the company in question. On corporate websites of public listed companies, you can find such financial statements uploaded in the Investor's Relations section of their website. If their company does not have an online presence, another alternative would be to go to the website of the exchange the company is trading in (e.g. NYSE or NASDAQ) for financial data.

9950

There is no correct answer. It all depends on you. If you have a fund dedicated to a purpose (house, car, daycare, vacation, etc), in my opinion you are best served by keeping it dedicated to that function in most cases. Say that you find a home that you want to by in two years. If you have good credit and appropriate debt/income ratios, your car payment will not pose a problem to getting that home. But not having enough money for a down payment will.

9957

"Buy this book. It is a short, simple crash course on personal finance, geared at someone in their 20s just starting out their career. You can easily finish it in a weekend. The book is a little dated at this point (pre housing bubble), but it is still valid. I personally feel it is the best intro to personal finance out there. 99% of the financial advice you read online will be a variation of what is already in this book. If you do what the book says, you should be in a solid position financially. You won't be an investment guru or anything, but you will at least have the fundamentals. There are various ""protips"" for personal finance that go beyond the book, but I would advise against paying too much attention to them until you have the basics down."

9960

I'd like to know what the property taxes on something like that would be. In either event - there are 6,000'^2 houses in my neighorhood for more than $5M - having a 1,000,000'^2 house for a year would be *awesome*. One floor for paintball, one for a greenhouse, etc.

9963

B2C had a lot to do with this. The original vision of the US government for solar production was massive, Nevada and California installations, while a huge amount of installation today is sold directly to consumers who want to save on their energy bill or be environmentally conscious.

9970

I have a line of credit that I have attached to my checking account in case of an overdraft. Since I haven't over drafted my checking account in 4 years, I typically borrow the minimum $5 from the line of credit and then pay it back the next day. This usually costs me a couple of cents and I have to do it twice a year, but it keeps the account active and they don't close it down.

9978

"Recently I did some experiments with EUR/USD cross and, according to my findings it turned out that the maximum volatility occurs in the range 9-12AM (EST). Each currency pair has its own ""top volatility"" time window, so it really depends on what you want to trade."

9984

If you are looking for quality floors for your garage then just get in touch with a leading company. Such companies offer epoxy garage floors that have a number of benefits including easy to clean, stain resistance, durability and safety.

9999

Hi /u/hmatt330/, I just analyzed your comment history and found that you are a super positive commenter! Congratulations! [view results](http://ruadick.com/user/hmatt330/) - Ranked #1592 of 164263 - I took the liberty of commenting here because you are an extreme outlier in the Reddit commenter community. Thanks for your contribution to this Reddit comment sentiment analyzation project. You can learn the ranking of any reddit user by mentioning my username along with the username of the Redditor you wish to analyze in a comment. Example: /u/opfeels/ /u/someusernamehere/

10006

Firstly, good on you for thinking about it before you commit to it. Next. Chelonian provides lots of detail. Read that answer. Consider the cost of going. Use your local community college. Use a state school. Get a job as an intern or another entry level position, with an employer that will reimburse you for education. Consider the military in the United State. Consider not going. That last one sounds rough, but do you have a very clear idea in your mind what you want to do for a living? I would suggest that at today's costs, figuring out what you want to do should be done before you commit to school.

10011

"If you force people to pay into the system more, then you can spend more and still claim the deficit is decreasing. If you increase government spending without increasing government revenue, then the deficit increases. If you increase government spending while also increasing government revenue, then the deficit doesn't increase. But that doesn't mean shit. Government revenue is mainly taxes. And the middle class pays most of them. Hence, ""the middle class carry more"" line above."

10017

You should not look at volume in isolation but look at it together with other indicators and/or the release of news (good or bad). When there is lower than average volume this could be an indication that the stock is in a bit of a holding pattern, possibly waiting for some company or economic news to come out (especially when accompanied by small changes in price). It could also mean that trading in a certain direction is drying up and the trend is about to end (this could be accompanied with a large move in price). When there is higher than average volume (2 to 3 times more or higher), this could be due to the release of company results, company or economic news, or the start or end of a trend (especially if accompanied by a gap). A large increase in volume accompanied by a large fall in price (usually a gap down) may also be an indication the stock has gone ex-dividend. There could be a range of reasons for variations in volume to the average volume. That is why you need to look at other indicators, company reporting and news, and economic news in combination with the volume changes to get a grasp of what is really happening.

10060

Really? You think this is all on the developers having their head in their ass? Do just a little bit of research and you will see why developers are building expensive homes. Since I know you won't research a damn thing, I'll share it with you- Permits, licenses, taxes, fees are absurd. Many of these are assigned and voted on by the local government. If developers were able to make a profit on homes less than 225k, they'd be building them faster and more frequently than you masterbate.

10082

AUD is not a great choice as it has nowhere to go against USD but down. Take a look at the 5 year graph http://au.finance.yahoo.com/q/bc?s=AUDUSD=X&t=5y&l=on&z=l&q=l&c= Most in Australia predict that it will eventually hover around 0.8, at which point you would have lost almost 20% of your savings. Another thing is that savings interest is taxed in Australia, so take that rate with a grain of salt. For a typical household that would be a 30% tax, at which point it is just in line with inflation, so real term growth is nil.

10089

Congratulations on deciding to save for retirement. Since you cite Dave Ramsey as the source of your 15% number, what does he have to say about where to invest the money? If you want to have instantaneous penalty-free access to your retirement money, all you need to do is set up one or more ordinary accounts that you think of as your retirement money. Just be careful not to put the money into CDs since Federal law requires a penalty of three months interest if you cash in the CD before its maturity date (penalty!) or put the money into those pesky mutual funds that charge a redemption fee (penalty!) if you take the money out within x months of investing it where x can be anywhere from 3 to 24 or more. In Federal tax law (and in most state tax laws as well) a retirement account has special privileges accorded to it in that the interest, dividends, capital gains, etc earned on the money in your retirement account are not taxed in the year earned (as they would be in a non-retirement account), but the tax is either deferred till you withdraw money from the account (Traditional IRAs, 401ks etc) or is waived completely (Roth IRAs, Roth 401ks etc). In return for this special treatment, penalties are imposed (in addition to tax) if you withdraw money from your retirement account before age 59.5 which presumably is on the distant horizon for you. (There are some exceptions (including first-time home buying and extraordinary medical expenses) to this rule that I won't bother going into). But You are not required to invest your retirement money into such a specially privileged retirement account. It is perfectly legal to keep your retirement money in an ordinary savings account if you wish, and pay taxes on the interest each year. You can invest your retirement money into municipal bonds whose interest is free of Federal tax (and usually free of state tax as well if the municipality is located in your state of residence) if you like. You can keep your retirement money in a sock under your mattress if you like, or buy a collectible item (e.g. a painting) with it (this is not permitted in an IRA), etc. In short, if you are concerned about the penalties imposed by retirement accounts on early withdrawals, forgo the benefits of these accounts and put your retirement money elsewhere where there is no penalty for instant access. If you use a money management program such as Mint or Quicken, all you need to do is name one or more accounts or a portfolio as MyRetirementMoney and voila, it is done. But those accounts/portfolios don't have to be retirement accounts in the sense of tax law; they can be anything at all.

10090

This is your best answer so far. A detail left out is that derivatives are mostly known for the amount of leverage allowed, which is typically about 20-1, or 5% down. This is legal because it's generally assumed that someone is not going to buy or sell the underlying asset, that they will offset their long or short position long before the contract's delivery date. Your derivative broker(typically futures instead of forwards, because they're a standardized size, traded on an exchange and more liquid) will call you when you lose about half of your 5% to tell you to either transfer some money to cover your position or to ask you to exit your position at a loss. Fowards are traded through clearinghouses, not exchanges, and they can be for any underlying asset, for any delivery date, for any price, so long as parties agree on it. Just think of it as a contract.

10093

With Travelguysonline, you have adaptability when you reserve your next vacation trip, which enables you to work with your own funds. If you go to the next trip with your family, You will need a transportation for your trip, then we provide Car rental services at the cheapest price. Prepay for your rental and get a portion of the least expensive rates book ahead of time with no charge card required.—you basically pay at pickup

10098

To a certain extent, small cap companies will in general follow the same trends as large cap companies. The extent of this cointegration depends on numerous factors, but a prime reason is the presence of systemic risk, i.e. the risk to the entire market. In simple terms, sthis is the risk that your portfolio will approach asymptotically as you increase its diversification, and it's why hedging is also important. That being said, small cap businesses will, in general, likely do worse than large cap stocks, for several reasons. This was/is certainly the case in the Great Recession. Small cap businesses have, on average, higher betas, which is a measure of a company's risk compared to the overall market. This means that small cap companies, on average outperform large cap companies during boom times, but it also means that they suffer more on average during bear times. The debate over whether or not the standard beta is still useful for small cap companies continues, however. Some economists feel that small cap companies are better measured against the Russell 2000 or similar indexes instead of the S&P 500. Small cap companies may face problems accessing or maintaining access to lines of credit. During the Great Recession, major lenders decreased their lending to small businesses, which might make it harder for them to weather the storm. On a related point, small businesses might not have as large an asset base to use as collateral for loans in bad times. One notable large cap company that used its asset base to their advantage was Ford, which gave banks partial ownership of its factories during hard times. This a) gave Ford a good amount of cash with which to continue their short-term operations, and b) gave the banks a vested interest in keeping Ford's lines of credit open. Ford struggled, but it never faced the financial problems of GM and Chrysler. Despite political rhetoric about Main Street vs. Wall Street, small businesses don't receive as much government aid in times of crisis as some large cap companies do. For example, the Small Business Lending Fund, a brilliant but poorly implemented idea in 2010, allocated less than $30 billion to small businesses. (The actual amount loaned was considerably less). Compare that to the amounts loaned out under TARP. Discussions about corporate lobbying power aside, small businesses aren't as crucial to the overall stability of the financial system Small businesses don't always have the manpower to keep up with changes in regulation. When the Dodd-Frank Act passed, large banks (as an example), could hire more staff to understand it and adapt to it relatively easily; small banks, however, don't always have the resources to invest in such efforts. There are other reasons, some of which are industry-specific, but these are some of the basic ones. If you want visual confirmation that small cap businesses follow a similar trend, here is a graph of the Russell 2000 and S&P 500 indexes: Here is a similar graph for the Russell 2000 and the Dow Jones Industrial Average. If you wanted to confirm this technically and control for the numerous complicated factors (overlap between indexes, systemic risk, seasonal adjustment, etc.), just ask and I'll try to run some numbers on it when I have a chance. Keep in mind, too, that looking at a pretty picture is no substitute for rigorous financial econometrics. A basic start would be to look at the correlation between the indexes, which I calculate as 0.9133 and 0.9526, respectively. As you can see, they're pretty close. Once again, however, the reality is more complicated technically, and a sufficiently detailed analysis is beyond my capabilities. Just a quick side note. These graphs show the logarithm of the values of the indexes, which is a common statistical nuance that is used when comparing time series with radically different magnitudes but similar trends. S&P500 and Russell 2000 data came from Yahoo! Finance, and the Dow Jones Industrial Average data came from Federal Reserve Economic Data (FRED) Per usual, I try to provide code whenever possible, if I used it. Here is the Stata code I used to generate the graphs above. This code assumes the presence of russell2000.csv and sp500.csv, downloaded from Yahoo! Finance, and DJIA.csv, downloaded from FRED, in the current directory. Fidelity published an article on the subject that you might find interesting, and Seeking Alpha has several pieces related to small-cap vs. large-cap returns that might be worth a read too.

10103

"I don't know what the OP means when he says I want to invest in health insurance from now on so that I can use the policy after I retire. Generally, a health insurance policy covers costs incurred during the current calendar year (or specific period such as July 1 of one year through June 30 of the next year) and does not cover future periods. Indeed, many policies do not guarantee renewal when the current period ends (with exceptions for employer-provided coverage through COBRA in case employment ends). So investing in a health insurance policy meaning that you pay the premiums now, and the insurance company provides the policy in the distant future is something that is new to me. Besides, what will the policy include? If someone had bought such a policy many years ago, say, before CAT scans and MRI were developed, would the policy cover such new developments? Or the policy would cover only those procedures, tests, and medications that are available when the policy is written and the insurance premiums start to be paid? The long-term health of the insurance company is also of some concern. When something is offered to me with a lifetime guarantee, I skeptically ask, ""My lifetime or the device's life time or the company's lifetime?"""

10128

>Education is totally depending on the skills and mindset of the student. Many many students can be self taught and/or are motivated to learn. They don't need teachers. This is a good niche for automation. IMHO the best model would be to allow students to access resources in isolation then arrange a catch-up class with a facilitator to encourage discussion. That way the benefits of automation and human interaction are realized.

10147

Most construction is not done in 110 degree heat and there are plenty of immigrants making, what to them are good wages, but compared to prior construction wages, not great. Just because you haven't met them means little. And most people with the option to work for Apple as a programmer are not the people looking to be in construction. Same could be said of all the people looking for the jobs at Amazon warehouses this week.

10155

Amazon is not just in retail business anymore. They're in more logistics and internet infrastructure business. While it's true some customers will turn to walmart to save few dollars. Then customers will have to deal with slow delivery and bad website. Price is no longer a threat to Amazon.

10171

"To add to @keshlam's answer slightly a stock's price is made up of several components: the only one of these that is known even remotely accurately at any time is the book value on the day that the accounts are prepared. Even completed cashflows after the books have been prepared contain some slight unknowns as they may be reversed if stock is returned, for example, or reduced by unforeseen costs. Future cashflows are based on (amongst other things) how many sales you expect to make in the future for all time. Exercise for the reader: how many iPhone 22s will apple sell in 2029? Even known future cashflows have some risk attached to them; customers may not pay for goods, a supplier may go into liquidation and so need to change its invoicing strategy etc.. Estimating the risk on future cashflows is highly subjective and depends greatly on what the analyst expects the exact economic state of the world will be in the future. Investors have the choice of investing in a risk free instrument (this is usually taken as being modelled by the 10 year US treasury bond) that is guaranteed to give them a return. To invest in anything riskier than the risk free instrument they must be paid a premium over the risk free return that they would get from that. The risk premium is related to how likely they think it is that they will not receive a return higher than that rate. Calculation of that premium is highly subjective; if I know the management of the company well I will be inclined to think that the investment is far less risky (or perhaps riskier...) than someone who does not, for example. Since none of the factors that go into a share price are accurately measurable and many are subjective there is no ""right"" share price at any time, let alone at time of IPO. Each investor will estimate these values differently and so value the shares differently and their trading, based on their ever changing estimates, will move the share price to an indeterminable level. In comments to @keshlam's answer you ask if there is enough information to work out the share price if a company buys out the company before IPO. Dividing the price that this other company paid by the relative ownership structure of the firm would give you an idea of what that company thought that the company was worth at that moment in time and can be used as a surrogate for market price but it will not and cannot accurately represent the market price as other investors will value the firm differently by estimating the criteria above differently and so will move the share price based on their valuation."

10174

"Heh, that reminds me of the ""mutant"" disproof of God. God is theoretically perfect. If God is perfect, he has laser eyes. If man is made in God's image, he should also have laser eyes. Man does not have laser eyes. In conclusion, no perfect God. The logic is wonky, but the argument always makes me smile."

10180

"Depending on how you view the loan, it could either be considered an Asset or a Liability. Since you are not charging interest, it might seem more intuitive to create an ""Assets:Cash Loan"" account, and transfer money to & from it (when you receive payments) like you would with a bank account. Personally, I prefer to think of all loans as liabilities. Whether it's a debt which you owe someone, or a balance which someone else owes you, since it's an 'unsettled' amount I file it under ""Liabilities:Loan"". Either way, you record the initial balance as a debit from your bank, and then record payments as credits back to your primary account. The only way that income or expenses ever gets involved would be if you charged interest (income) or if you forgave some or all of the loan (expense) at some point in the future."

10191

Actually it was through my own research because I despised the guy until about a month before the election. Spent hours trying to prove he was a racist pouring over every word that ever entered his mind on Twitter. Turns out the media was completely full of it. What a relief that was. I actually thought we were going to have a racist homophobic nazi for a president.

10197

It depends on which of the big4. Some of them have more revenue and profit from consulting than from audit. Specifically, some of the big4 have failed at growing their consulting business to be competitive with the consulting arms of other firms and/or sold off their consulting groups and are in the process of rebuilding.

10217

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10219

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10228

Eh? So the free-lance web developer's argument is that using old technology makes your site slower and thus scares customers away. That's exactly what I would expect a freelance web developer to say to try and drum up business, but that's not usually the case at all. Older tech is generally faster than newer tech because it doesn't come pre-built on bloated frameworks. It's usually a static website without a complicated back-end or frontend. There are exceptions, but newer sites are chosen for ease of development, maintanability, and it's what the developers know. Speed is often lost, but it's made up by improvements in the hardware. **Edit**: Oh, I just took a look at your posting history. This is basically your blog spam.

10247

"Going through the list of economies that currently use the dollar, all of them list cents as a fractional unit. In Hong Kong and Taiwan, the 1/100 fractional unit is still called a cent, but it's no longer in circulation in coin form and only finds use in financial markets or electronic payments. In countries like Malaysia, the word ""sen"" is used as the translation of the word ""cent"", even though the word for the actual currency, ""ringgit"", isn't a translation of the word ""dollar"". A similar situation occurs in Panama. The local currency is called the balboa, and it's priced on par (1:1) with the US dollar. US banknotes are also accepted as legal tender, and Panamanians sometimes use the terms balboa/dollar interchangeably. The 1/100 subdivision of the balboa is the centésimo, which is merely a translation of cent. Like Malaysia, the fractional unit is called ""cent"" (or a translation) but the main unit isn't merely a translation of the word ""dollar."" On a historical note, the Spanish Dollar was subdivided into 8 reales in order to match the German thaler (the word that forms the basis for the English word ""dollar"")."

10258

">We need effective price controls on pharmaceuticals. Why are US made drugs cheaper in Europe? Because single payer/universal healthcare gives more leverage to the pharma buyer. Instead of raising the prices as much as the market will bear, the government can say ""this is what we are offering, or else you lose on millions of potential customers""."

10275

"In your words, you want to ""easily determine whether an item was purchased as part of our individual accounts, or our combined family account."" It's not clear exactly to me what kind of reporting you're trying to get. (I find a useful approach here to be to start with the output you're trying to get from a system, and then see how that maps to the input you want to give the system.) Here's some possibilities:"

10284

Source: I'm recently (2 years) out of college (Info Sciences + Technology degree) Disclaimer: Speaking from limited personal experience (see above) A lot of corporate recruiters like the prospect of hiring recent college grads of because of the location flexibility they have (typically own no real estate, are not married, and have no children). If you get a job with Amazon and relocate, take a year to settle your finances, then determine if purchasing a house is something you can manage. If you don't have a savings set aside for a reasonable down payment on a house, you'll get hit with a mortgage insurance payment each month =\, and that's not fun. Don't try to do too much at once, and make sure you have a full assessment of your finances before making any major purchases. I follow this general rule: Every few months, I fully re-assess our expenditures, and see what we can cut out or cut back on, put a bit into savings, and put the rest against outstanding student loans.

10290

You can't insure for more than the financial cost of the event that you're insuring against, but that can be more than the current market value of the item. If you'd need to buy a new one, then that's your financial loss. New-for-old cover is common for property insurance.

10294

If you're already in Australia you can just put your money in a savings account. The type of trade you're describing is called a carry trade, it makes money on the interest rate difference but gives you exposure to risk that the exchange rates change. You can, of course, leverage your money to get an even greater return at a higher risk. What you do is *borrow* USD, convert to AUD, and put in an Australian bank. In FX lingo this would be long AUDUSD.

10301

"I had to look up the word contentious real quick. Thank you for that, added it to my lexicon! That makes a lot of sense. Thus far, I was fortunate enough to only view videos from renowned economists and study from textbooks. I feel like this adds another layer to this entire field. Until now, all the problems I read in the books were fixed, and under the assumption of the ""perfect market."" I had almost forgotten that people react to incentives. (Advocate a certain stance because it's beneficial to you, not necessarily the majority) It's funny how learning little things affect so much of my perspective! Thank you."

10321

"I just want to point out that this can happen anywhere, teachers with tenure who get into big trouble ""retire early"". The whole country could do with a heaping helping of accountability. I've already seen unauthorized charges on my credit card, and I'm sure it'll continue for years to come."

10322

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10324

I work at a FOREX broker, and can tell you that what you want to do is NOT possible. If someone is telling you it is, they're lying. You could (in theory) make money from the SWAP (the interest you speak of is called SWAP) if you go both short and long on the same currency, but there are various reasons why this never works. Furthermore, I don't know of any brokers that are paying positive SWAP (the interest you speak of is called SWAP) on any currency right now.

10351

The company had been through many rounds of private financing prior to that. There was a particular round where Mercedes Benz invested a lot of money which Elon credits with saving the company. Elon says that the company would probably have survived but just taken longer to get to market, or done so at a slower ramp, without the government money. Of course, he may be saying that for whatever PR reasons, but he's been pretty open about when the company was on the brink of death before, so I tend to believe it. Keep in mind, they had already made money on the Roadster prior to the government loan (not a lot, but had they not been spending on Model S R&D it would have produced a profit - but the whole intent to begin with was to fund Model S R&D with the Roadster). Also, the government loan was a loan, and that loan was paid back. I don't see people criticizing Nissan, for example, for taking government loans, even though theirs was 10x the size of Tesla's and has not yet been paid back (by the way, I also am not criticizing Nissan for that, I'm just saying neither should be criticized). Tesla, in fact, got the least money of any company out of that particular loan program. Including Fisker, who got more money despite having a worse business plan.

10374

Exactly. Newer sets are both better and cheaper than in the past. The basic airport + airlplane set has doubled in pieces and slightly reduced in price, (when adjusted for inflation) since the 80'ies. The reason people think it's more expensive now is because now we are adults and paying for it ourselves. When we were kids our parents bought our LEGO and we had no concept of exactly how much money they were pouring into our toy collections.

10384

Gas prices mysteriously drop every Autumn, and many people claim it's because of politics. Usually, for the past major elections, some Republicans in some form were up for election or re-election. Oil companies and economists claim gas prices always drop in the Autumn due to lower demand, production cycle, etc. This is the first time in 16 years a Democrat president is up for re-election (one particularly hated by the right-wing), and the gas prices *mysteriously* are rising in the Autumn (drastically, I might add) rather than falling like they usually do. Coincidence?

10397

At the current share price we (i.e. U.S. taxpayers)[ have lost $16 billion in the bailout.](http://www.detroitnews.com/article/20120605/POLITICS01/206050364/Romney-vows-quick-U-S-exit-from-GM?odyssey=tab%7Ctopnews%7Ctext%7CFRONTPAGE) I wonder how long the government plans to be in the auto business - and how we plan to eventually unload the shares without affecting the share price too much. And yes, I realize I linked to an article about Romney, but there's some solid information a few paragraphs down.

10399

Where are they going to get money from? Their bonds are worthless because they have no viable way of ever paying back debt so why would anyone lend money to them. You, and Keynes think that you can fuel debt with more debt, but all this does is build a massive debt bubble that has to pop at some point. This is exactly what these nations did for years and now are beginning to realize that they can no longer issue debt.

10406

So basically they are trying to see two things. One is whether prices are correlated to each other for long periods of time as a preliminary study suggested (which would go against efficient markets hypothesis, since you could use that info to game the market) or if that result is illusory and the long term returns are close to a standard normal distribution which would follow the effiecient markets hypo. The second thing I don't follow as well, but they're trying to solve the first thing so that they can then look at why, when they look at returns at different time scales, (1minute, one hour, one week), the model which had been proposed for these returns is not supported by the data (the first thing). They say that the old model (Levy) says that the variability should not be the same at the different time scales, but the data suggests that it is. So they then propose a modification of the old Levy model, and say that it would also explain the strange first result they looked at. (that prices are correlated for longer periods). That probably doesn't make any sense, but you might have more luck by posting in /r/statistics.

10409

There is no limit on the output maximum in one year. The strength of the HSA is that if you don't spend all the money in the account, it rolls over to the next year. The benefit is that if a few years down the road you get a huge medical bill you are protected because you can pull it out of the HSA. The goal for me was to build up the account to a level that even if I had to may the maximum out of pocket for my insurance policy the money game from previous years deposits and current year deposits. Even you ever have the situation where the employer doesn't offer a high deductible plan the money for co-payments and medicines can still be pulled from the pre-existing HSA. If the government did limit you to withdraws not exceeding current year deposits the roll over feature would be worthless.

10429

Agreed about the Zune. I got the very first gen for free which is why I gave it a chance, but had it broken I would have gladly purchased another. I used that thing daily for years and the only reason it retired is because my smartphone took over. It's in a box in the closet and looks as new as the day that I got it even after heavy use. One of many Microsoft products that people made fun of without ever giving it a shot.

10436

> They still lead the industry in the move to driverless taxis, which is what their entire model is based on. The first company to really nail driverless is who will own that space. They aren't leading there in the tech, they just have a large customer network ready to plug a solution into. If a big company who can afford to spend $$$ to build their customer network gets to fully functional levels of driverless first, they are in trouble.

10440

I see a lot of answers calculcating with incomes that are much higher than yours, here is something for your situation: If you would keep your current income for the rest of your life, here is approximately how things would turn out after 40 years: All interest is calculated relative to the amount in your portfolio. Therefore, lets start with 1 dollar for 40 years: With your current income, 15% would be 82.5 dollar. At 12% this would over 40 years get you almost 1 million dollar. I would call a required return of more than 12% not 'likely'. The good news, is that your income will likely increase, and especially if this happens fast things will start to look up. The bad news is, that your current salary is quite low. So, it basically means that you need to make some big jumps in the next few years in order to make this scenario likely. If you can quickly move your salary towards ranges that are more common in the US, then 15% of your income can build up to a million before you retire. However, if you just follow gradual growth, you would need to get quite lucky to reach a million. Note that even if reaching a million appears unlikely, it is probably still a good idea to save!

10476

As a 22 year old planning for your financial life, it is obvious to say that saving as much as you can to invest for the long run is the smartest thing to do from a financial point of view. In general, at this point, aged 22, you can take as much risk as you'll ever will. You're investing for the very long term (+30/+40 years). The downside of risk, the level of uncertainty on returns (positive or negative), is most significant on the short term (<5years). While the upside of risk, assuming you can expect higher returns the more risk you take, are most significant on the long term. In short: for you're financial life, it's smart to save as much as you can and invest these savings with a lot of risk. So, what is smart to invest in? The most important rule is to keep your investment costs as low as possible. Risk and returns are strongly related, however investment costs lower the returns, while you keep the risk. Be aware of the investment industry marketing fancy investment products. Most of them leave you with higher costs and lower returns. Research strongly suggests that an lowcost etf portfolio is our best choice. Personally, i disregard this new smart beta hype as a marketing effort from the financial industry. They charge more investment costs (that's a certain) and promise better returns because they are geniuses (hmmm...). No thanks. As suggested in other comments, I would go for an low cost (you shouldn't pay more than 0.2% per year) etf portfolio with a global diversification, with at least 90% in stocks. Actually that is what I've been doing for three years now (I'm 27 years old).

10479

ermm yah but back then robots weren't replacing humies... we can get our jobs completed with robots now, so where is the job creation? horse carriage extinction translated to automobile manufacturing jobs, how is that similar to what's happening now? there will for sure be high tech robot repair jobs... but certainly not enough to replace burger boys who just got out of san quentin.. while it's true completely new jobs will be created in the future, what is the likelihood that a robot will be able to tackle that new job? pretty good chance there's gonna be more and more robots for more diverse jobs! down with robots!

10483

Most people today (and maybe regardless of era) are irrational and don't properly valuate many of their purchases, nor are they emotionally equipped to do the math properly, including projection into the future and applying probabilities. This compounds. Imagine that each individual is bound to others by a rubber band and can stretch in a certain direction. The more your neighbors stretch, the more you are both motivated to stretch and able to stretch. These are crudely analogous to consumer wants as well as allowed consumer debt. The banks are also within this network of rubber bands and much of their balance sheet is based on how far they've stretched on the aggregate of all connected bands (counting others debts as their credit because it will presumably be repaid), and every so often enough people's feet slip that a lot of rubber bands snap back. This is a bubble bursting.

10488

Looks like you are one on the ones that was not bred for its intelligence. Look, GlodaSuckKoshrKnob, if you are going to make stupid assertions, find out why a Senior Pakistani Officer has always been stationed at Centcom HQ. North Korea has not been Annihilated and is very much in the process of becoming a bigger pain in your lilly white ass, just like Iran.

10500

You need to meet a woman (or man if you are in a state that allows same sex marriage) who has a carried forward loss or other loss that exceeds the $3K/yr they can take against their own income. If they had a loss of $200K some time ago, and are taking $3K/yr, they may still have $100K they can offset with you. Marriages have been based on less than this.

10521

Groups of three or four students will jointly decide on a Fortune 500 business in the United States and research this business and its practices in the United States. ( we chose Apple) Beyond a business concentration, focus on components of a concentration for your paper: i.e. benefits, accountability in accounting practices, direct to consumer marketing et al. Other members do research on HR, Marketing, accounting, and I have to research on finance.

10526

"[...] are all bonds priced in such a way so that they all return the same amount (on average), after accounting for risk? In other words, do risk premiums ONLY compensate for the amount investors might lose? No. GE might be able to issue a bond with lower yield than, say, a company from China with no previous records of its presence in the U.S. markets. A bond price not only contains the risk of default, but also encompasses the servicability of the bond by the issuer with a specific stream of income, location of main business, any specific terms and conditions in the prospectus, e.g.callable or not, insurances against default, etc. Else for the same payoff, why would you take a higher risk? The payoff of a higher risk (not only default, but term structure, e.g. 5 years or 10 years, coupon payments) bond is more, to compensate for the extra risk it entails for the bondholder. The yield of a high risk bond will always be higher than a bond with lower risk. If you travel back in time, to 2011-2012, you would see the yields on Greek bonds were in the range of 25-30%, to reflect the high risk of a Greek default. Some hedge funds made a killing by buying Greek bonds during the eurozone crisis. If you go through the Efficient frontier theory, your argument is a counter statement to it. Same with individual bonds, or a portfolio of bonds. You always want to be compensated for the risk you take. The higher the risk, the higher the compensation, and vice versa. When investors buy the bond at this price, they are essentially buying a ""risk free"" bond [...] Logically yes, but no it isn't, and you shouldn't make that assumption."

10531

"Buy term and invest the rest is something you will hear all the time, but actually cash value life insurance is a very misunderstood, useful financial product. Cash value life insurance makes sense if: If you you aren't maxing out your retirement accounts, just stick with term insurance, and save as much as you can for retirement. Otherwise, if you have at least 5 or 10k extra after you've funded retirement (for at least 7 years), one financial strategy is to buy a whole life policy from one of the big three mutual insurance firms. You buy a low face value policy, for example, say 50k face value; the goal is to build cash value in the policy. Overload the policy by buying additional paid up insurance in the first 7 years of the policy, using a paid-up addition rider of the policy. This policy will then grow its cash value at around 2% to 4% over the life of the policy....similar perhaps to the part of your portfolio that would would be in muni bonds; basically you are beating inflation by a small margin. Further, as you dump money into the policy, the death benefit grows. After 7 or 8 years, the cash value of the policy should equal the money you've put into it, and your death benefit will have grown substantially maybe somewhere around $250k in this example. You can access the cash value by taking a policy loan; you should only do this when it makes sense financially or in an emergency; but the important thing to realize is that your cash is there, if you need it. So now you have insurance, you have your cash reserves. Why should you do this? You save up your cash and have access to it, and you get the insurance for ""free"" while still getting a small return on your investment. You are diversifying your financial portfolio, pushing some of your money into conservative investments."

10549

"Very interesting. I'm actually glad you mentioned term structure models, because that's something I'm interested in. But I don't think the distinction you draw between ""equilibrium"" and ""arbitrage free"" models makes sense with Black-Scholes. My understanding was that the discrepancy between equilibrium and arbitrage-free term structure models arises because term structure models lack market completeness. In other words, when the market is incomplete (as it is with interest rates), you'll have a continuum of bond prices that are compatible with no arbitrage, and the exact price will depend on the market price for risk. However, in Black-Scholes, the market price for risk term basically falls out of the equation because of market completeness. Or in other words, since we have market completeness, there's a *unique* martingale measure that gives the price for the option. So when you have market completeness, there should be no difference between an equilibrium and a no-arbitrage model - they're one and the same."