"The Financial Consumer Agency of Canada (FCAC) has a page specifically about working with a financial planner or advisor. It's a good starting point if you are thinking about getting a financial professional to help you plan and manage your investments. In the ""Where To Look"" section on that page, FCAC refers to a handful of industry associations. I'll specifically highlight the Financial Planning Standards Council's ""Find a planner"" page, which can help you locate a Certified Financial Planner (CFP). Choose financial advice carefully.  Prefer certified professionals who charge a set fee for service over advisors who work on commission to push investment products.  Commission-based advice is seldom unbiased. MoneySense magazine published a listing last year for where to find a fee-only financial planner, calling it ""The most comprehensive listing of Canadian fee-only financial planners on the web"" — but do note the caveat (near the bottom of the page) that the individuals & firms have not been screened.  Do your own due diligence and check references."


It's worth pointing out that a bulk of the bond market is institutional investors (read: large corporations and countries). For individuals, it's very easy to just put your cash in a checking account.  Checking accounts are insured and non-volatile.  But what happens when you're GE or Apple or Panama?   You can't just flop a couple billion dollars in to a Chase checking account and call it a day.  Although, you still need a safe place to store money that won't be terribly volatile.  GE can buy a billion dollars of treasury bonds.  Many companies need tremendous amounts of collateral on hand, amounts far in excess of the capacity of a checking account; those funds are stored in treasuries of some sort. Separately, a treasury bond is not a substitute investment for an S&P index fund.  For individuals they are two totally different investments with totally different characteristics.  The only reason an individual investor should compare the return of the S&P against the readily available yield of treasuries is to ensure the expected return of an equity investment can sufficiently pay for the additional risk.


He's compensating for the underboarding of Menards and Home Depot (and every other lumber supplier in North America).  Overdelivering is his modus operandi. He's advertising as the Pope's nutsack, but clearly he's overshot and thrown in a little asshole too.


I have a hard time swallowing this opinion from somebody who actually thinks startups can or should get into a contract with anybody stipulating continuing employment.  Nobody does that.  If that was done, any VC worth their salt would insist that it be undone before they got involved.  As for the rest of her article, I don't care for the venom but underneath theres a lot of stuff that's mostly true.  VCs have a set of motivations that you have to understand to be successful with them.  Those motivations are often at cross purposes with cofounders and almost certainly at cross purposes for general employees.  The problems start when startup folks don't understand the motivations.    Yes, you have to check your wallet and your fingers too whenever you deal with VCs but if you don't think that's the case with almost every deal you make, you are delusional.


Oh ok I see what you are getting at with the misdirection angle. I was wondering if there was a deeper meaning. Like making it more expensive for other nation to borrow money would help in some way for the US to unload it’s garbage?


The typical deal is you can put 10% of your gross pay into the ESPP. The purchase will occur on the last deposit date, usually a 6 month period, at a 15% discount to the market price.  So, the math is something like this: Your return if sold the day it's purchased is not 15%, it's 100/85 or 17.6%. Minor nitpick on my part, I suppose.  Also the return is not a 6 month return, as the weekly or bi-weekly deductions are the average between the oldest (6 mo) and the most recent (uh, zero time, maybe a week.) This is closer to 3 months. The annualized rate is actually pretty meaningless since you don't have 4 opportunities to achieve this return, it's important only if the cash flow hit causes you to borrow to support the ESPP purchases. The risk is whether the stock drops the 15% before you can execute the sell to take advantage of the gain.  Of course the return is gross, you need to net for taxes.  Edit to respond to comment below - When I said meaningless, I meant that you can't take the 17.6%, annualize it to 91.2% per year and think your $1000 will compound to $1912. It's as meaningless as when an investor gets a 10% gain on a stock in one day, and (with 250 trading days per year) decides his $1000 will be worth $2 quadrillion dollars after a year. The 17.6% is significant in that it's available twice per year, for a true 38% return over a year, but if borrowing to help the cash flow, that rate is really over 3 months.


That tends to be the case with a lot of things I am seeing. Any changes seem to create short term recession with projections of long-term growth.  I would normally see that as a problem, because the reaction to the recession could effect the outcome post recession, but the LFPR trending downward is not a good sign for the economy as a whole. Eventually that portion would leave most markets, or welfare would have to increase, on the current trajectory.   I think encouraging non-income producing assets for wealth generation is a flawed system, personally. Whether I am right or wrong, I do not know. I think the Government, and subsequently the fed, should encourage income-producing assets for the wealth affect, or in the very least, not something as crucial as housing to the health of the consumer base.


Delaware llc incorporation  When someone want to do some business, but the person want to have some extremely flexible business so that he can able to start up with low cost and with affordable franchise text they Delaware llc incorporation is a very good choice for doing so. It mainly help to customize the corporation and can also help to choose that option which user want to have.


Mutual funds don't have intraday prices. They have net asset values which are calculated periodically (daily or weekly or any other period depending on the fund).


"Budgeting is the key.  Saying that you need to eat out less and cook more is good, but ultimately difficult for some people, because it is very difficult to measure. How much eating out is too much? Instead, help him set up a monthly budget. Luckily, he's already got some built-in motivation: He's got a saving goal (trip) with a deadline. When you set up the budget, start here, figuring out how much per month he needs to save to meet his goal.  After you've put the saving goal and the fixed monthly bills into the budget, address what he has left. Put a small amount of money into a ""fast food"" category, and a larger amount into a ""grocery"" category. If he spends everything in his fast food budget and still has the desire to go out, he'll need to raid his grocery budget. And if that is depleted, he'll need to raid his vacation budget. By doing this, it will be made very clear to him that he must choose between going out and taking the trip.  In my opinion, using budgeting software makes the whole budgeting process easier. See this answer and this answer for more detailed recommendations on using software for budgeting."


There's nothing stopping most of these people from renting or delaying moving out from their parents.   If you're broke but keep shopping at expensive grocers instead of minimizing your consumption so that you're able to eat the next day in case you get fired then it's your fault as well for not planning for it financially.   People over extended themselves and they need to start accepting part of the responsibility. Sometimes the only way to win the game is to not play.  See I can use shitty analogies too when I feel like it.


"This is the best tl;dr I could make, [original](https://www.nytimes.com/2017/07/27/business/dealbook/libor-fca-banks-andrew-bailey.html) reduced by 82%. (I'm a bot) ***** > The one-year Libor, which represents the rate of interest on a loan between banks to be paid back within a year, is the most commonly used index for mortgages in the United States, according to the Consumer Financial Protection Bureau.  > &quot;And while we have given our full support to encouraging panel banks to continue to contribute and maintaining Libor over recent years, we do not think markets can rely on Libor continuing to be available indefinitely.""  > Mr. Bailey said that the regulator had agreed with the panel banks to sustain Libor through 2021 to smooth a transition to new rates.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6r14fz/libor_brought_scandal_greatest_financial_scandal/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~180937 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*: **Libor**^#1 **rate**^#2 **bank**^#3 **over**^#4 **Financial**^#5"


One thing to keep in mind when calculating P/E on an index is that the E (earnings) can be very close to zero.  For example, if you had a stock trading at $100 and the earnings per share was $.01, this would result in a P/E of 10,000, which would dominate the P/E you calculate for the index.  Of course negative earnings also skew results. One way to get around this would be to calculate the average price of the index and the earnings per share of the index separately, and then divide the average price of the index by the average earnings per share of the index. Different sources calculate these numbers in different ways.  Some throw out negative P/Es (or earnings per share) and some don't.  Some calculate the price and earnings per share separate and some don't, etc... You'll need to understand how they are calculating the number in order to compare it to PEs of individual companies.


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Even for those sites that do offer yields (i.e. not Kiva), there are much better ways to make money.  If you're not interested in it from a humanitarian standpoint then I would suggest you stay away from microlending.  Otherwise: Kiva is awesome.  I've lent through it for a couple years now and never lost any money, and they're helping a lot of people.


Running a sandwich shop and, say, a software consulting service are quite different things.  I had two employees at one point, following the kind of thinking in the article.  But I found what that meant was that I had to spend more time being a manager and salesperson and much less time doing the work I enjoyed.  To make it viable I would have had to scale up to the point where I had at least one salesperson and maybe a manager, which would have required more income-producing staff to support them.  Instead, I scaled back to just myself, and have been very happy with that decision.  The article also underestimates what can be made in consulting or IT contracting.  Rates well above $100/hr are common for people with expertise (as opposed to commodity providers), and billing at least 40 hours a week is not usually a problem.  It's certainly true that a one-man operation is much more likely to put a ceiling on your earnings, but (a) that ceiling can be a lot higher than the article suggests, and (b) depending on the business, breaking that ceiling and earning much more is certainly possible in some businesses, for example where you have the opportunity to sell your work in product form rather than hourly.


Big mouthed dickhead writing big mouthed childish rant.  Uber's a fucking running business, with operations in more than a 100 countries with huge penetration locally in all of them.  It's going to take more than its founder and a couple of investors quitting to take it down.  It's a system that is in place. Only if the investor money dries up, which I doubt it will in the next 10 years, it will only grow, and maybe it will become better with sexist/incompetent top level executives leaving the company.


"> I will need to see sources, but actually they are claiming that it is on every stock, bond or derivative.   Let me know when you find a source for this claim.   > That is clearly not the same as ""I didn't ask to be born""  True, however only if you are taking action to change the condition that you are railing against. Just saying ""I didn't ask for to be born into this"" just rings hollow in my ears. Voting is definitely more productive. Running for office to push the ideas would do even more. Heading out to open land to make your society in your image would definitely prove your point, as long as it works.   > I love how you assume that it takes a government to have a stable civilization.  I don't assume, we only have some 10,000 years of recorded history to provide some backup for the statement. And not saying that this form of government is perfect, we just have plenty of evidence that no government is less so.   > The only infrastructure I truly need to trade stock now is my computer (made by a private business), my electricity (provided to me by another private business), and my internet connection.  That is not true. Lets go beyond the invention of internet. It exists, and it provides us with the ability to trade stock, so lets pretend that it always existed so, and ignore the billions of investment in infrastructure and R&D it took to get her (on commercial as well as governments part). So, the inference that you made is all you need to trade is your computer, electricity, and the internet... all provided by commercial entities. No need for government.   Yes, and no. How long do you think that electricity would keep pumping if there was no one to regulate how much each district gets to pull? If there was no one to enforce pricing and payment? After all, if the electricity company cuts power to a house, and they just run out to the junction box and hot wire their own connection - who stops them? If there is no government, that how do we keep people paying? And when the electricity company decides that they  are going to artificially jack up prices (Enron style), who keep them based in reality? Do we just wait for a violent uprising?   > However, ""statistics"" can't help us in this case.   True. Do you have any examples of innovation in highly unregulated markets? I still haven't seen or heard of what the ""ideal"" market would look like, just lots of rhetoric about the problems with this one.   > There are a lot of examples like the f-35 fighter jet that cost American Taxpayers nearly $1.5 trillion.  That would be a corporation that won the right to build the next evolution of the fighter jet by under bidding the cost, and having all kinds of cost overruns. Not to mention scope creep from the customer - i.e. Yes, we want it to do everything we asked for in the RFP, but we also want it to cook coffee doing Mach 5. Keep in mind, that the F-35 was a partership between government and commercial, so not a very good example about how ""government is bad at stuff"" because commercial is also involved (granted also not a good example of how government is good at stuff - there is definitely lots of examples of pork in government).   And as for the $6.5 trillion, if I remember correctly it wasn't that it disappeared, it was that it wasn't recorded correctly. Much of that money is not actual money, it was double, triple, quadruple counted because the accounting error wasn't caught early. And there were thousands of people involved in this situation. But again, an example of how government isn't good at everything.   Course, I could always point to a topic near and dear to your heart, and talk about how a [single person caused a $16B selloff](http://www.cnbc.com/id/36999483). To put that in perspective, that is $16B caused by one person - much bigger than $25,000 per person. Or how a [single tweet erased $130B](http://business.time.com/2013/04/24/how-does-one-fake-tweet-cause-a-stock-market-crash/) in a days time. The markets are not exactly perfect either. Of course you could always say it is an example about how government is imperfect at regulating either - and we would both be right.   The ungoverned civil society is not a new topic, or approach. I just don't think I have seen any examples of one that succeeded. Mankind always seem to coalesce into some form of structure when presented with ungoverned chaos. What that structure looks like is not always good, and not always bad. I think how ours has formed is pretty good, although I do agree it could be better."


It’s funny, though, that, although those boomers got their jobs 40 years ago with just a bit of education (often not even a high-school diploma), nowadays, you need a master’s degree to get them…  And we know how much education is grossly overpriced nowadays, almost as if it was intended to keep the rabble out of good jobs.


Money is fungible. The same dollars that went to subsidize health care for those employees could have been used to build about 1500 miles of new interstate highway, or 1000 schools.  This is nothing more than a decrease in walmart's tax rate.


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Depends upon the debt cost. Assuming it is consumer debt or credit card debt, it is better to pay that off first, it is the best investment you can make. Let's say it is credit card debt. If you pay 18% interst and have for example a $1,000 amount. If you pay it off you save $180 in interest ($1,000 times 18%). You would have to earn 18% on 1,000 to generate $180  if it was in aninvestment. Here is a link discussing ways of reducing debt Once you have debt paid off you have the cashflow to begin building wealth. The key is in the cashflow.


You have 3 companies now that you work with. I would start there. Ask one of them to show you what would happen if you bought the other two policies from them.  This may not be something that they will show via the quotes generated on the web page. So you would be better off talking to a person who can generate a quote with that additional information. Make sure that you are comparing exact matches for the limits and options for the policies. Once you have done that with the first then do the same for the other two. I would have to dig into my policy bills for life insurance, but I do know that the bills for the home and auto insurance do show exactly how much I am saving by having multiple polices.


Under what section do I declare my profits when I pay tax? You have to declare this as income from other source and pay tax as per tax brackets. I'm from India and have been trading in binary options for a while now Trading in India on binary options is illegal. If you are using Forex from India for trading, this is not allowed as per Foreign Exchange Management Act.


"ConfirmedCynic, I also appreciate your opinion on this.    You're right, families need to be more tight with each other and support more. There are plenty of families living together just to make ends meet. And it really sucks that college grads have to go live at home because they can't get a job with their degree or making shit for money.   I don't know what you mean by ""serf"" (sorry for the ignorance) but I get the point.  Anyone can build up a cash fund of some sort even if you make little money.  It's all about priorities and willingness to work your ass off for what you want.    Like I told the person above who commented, if you'd like to connect on social media and learn more about this topic, let me know and I'll give you my details.  Have an awesome day!   William"


"In answering your question as it's written: I don't think you're really ""missing"" something. Different banks offer different rates. Online banks, or eBanking solutions, such as CapitalOne, Ally, Barclays, etc., typically offer higher interest rates on basic savings accounts.  There are differences between Money Market accounts and Standard Savings accounts, but primarily it comes down to how you can access your cash. This may vary based on bank, but Ally has a decent blurb about it: Regular savings accounts are easy to open and, when you choose an   online bank like Ally Bank, you tend to get interest rates that are   more competitive than brick-and-mortar counterparts, according to   Bankrate.com. Additionally, as a member of the FDIC, Ally Bank gives   you peace of mind knowing that the money in your Ally Bank Online   Savings Account is insured to the maximum allowed by the law.  Money market accounts are easy to open, too. And again, online banks may   offer better rates than traditional banks. Generally, you have a bit   more flexibility of access with a money market account than you do   with a savings account. You can access funds in your Ally Bank Money   Market Account through electronic fund transfers, checks, debit cards   and ATM withdrawals. With savings accounts, your access is limited to   electronic funds transfers or telephone withdrawals (and in-person   withdrawals at traditional banks). Both types of accounts are subject   to federal transaction limits. Here's a bit more information about a Money Market Account and why the rate might be a little bit higher (from thesimpledollar.com): A money market deposit account is a bit different. The restrictions on   what a bank can do with that money are somewhat looser – they can   often invest that money in things such as treasury notes, certificates   of deposit, municipal bonds, and so on in addition to the tight   restrictions of a normal savings accounts. In other words, the bank   can take your money and invest it in other investments that are very   safe. Now outside of your question, if you have $100K that you want to earn interest on, I'd suggest looking at options with higher rates of return rather than a basic savings account which will top out around 1% or so. What you do with that money is dependent on how quickly you need access to it, and there are a lot of Q&A's on this site that cover suggestions."


I think it's only a choice of terminology.  Typically with a money market account has check-writing privileges whereas a savings account does not. In terms of rates, this blog has a good list of high interest yield savings accounts. http://www.hustlermoneyblog.com/best-bank-rates/ Disclosure: I am not affiliated with this blog.  I just think it is a good resource to compare the rates across different banks.


Congrats! :) And yes, I have never personally seen a rich person criticize RDPD - they know the book is solid, and plus they're too busy enjoying their success. On the other hand, someone who failed now has plenty of free time and an incentive to point fingers at others. Little do they know that if they spent less time complaining and criticizing and more time trying to succeed over and over and over, eventually they too would become too successful to waste their time blaming others. :-)


When you want the transaction to be concluded in the current year vs an expiration in the next year.


Well you can fudge the figures all you like, the fact is the Fed grew its book from US $800 billion to US [$4.5 Trillion](http://www.econdataus.com/fedbal.png)  This money has remained tied up between the Banks and the Fed and none of it has come to increase liquidity in the real economy. There has been no growth in wages, jobs, purchasing power.  This 4.5 trillion is funny money that has benefited the few on paper and had no impact on the real economy or addressed structural and systemic issues in the financial system. It has simply been used to show the banks as solvent and capitally adequate against an unlimited credit line from the Fed and the Fed is getting ready to pump all that bad shit back into the economy.  People don't have money . .thats why there is no inflation


Indeed the IRS publication references the 3-6 year time span. And no limit for fraud.  But. I get a notice that some stock I owned 10 years ago has a settlement pending, and the records of this stock purchase and sale would potentially get me back some money.  I get my Social Security statement (the one they stopped sending, but this was before then) and I see the 1995 income shows zero.  Both of these were easily resolved with my returns going all the way back, and my brokerage statement as well. For the brokerage, I recently started downloading all statements as PDFs, and storing a copy away from home. Less concerned about the bank statements as I've never had an issue where I'd need them.


"No, you cannot. ISO are given to you in your capacity as an employee (that's why it is ""qualified""), while your IRA is not an employee. You cannot transfer property to the IRA, so you cannot transfer them to the IRA once you paid for them as well. This is different from non-qualified stock options (discussed in this question), which I believe technically can be granted to IRA. But as Joe suggests in his answer there - there may be self-dealing issues and you better talk to a licensed tax adviser (EA/CPA licensed in your State) if this is something you're considering to do."


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S-Corp income is passed through to owners and is taxed on their 1040 as ordinary income. If you take a wage (pay FICA) and then take additional distributions these are not subject to FICA.  A lot of business owners will buy up supplies/ necessary expenses right before the end of the tax year to lower their tax liability.


"Not to mention that what they were doing was ""the right way to do it"" for many decades. It was simply seen as the norm that you would have a job, take part of your savings, and put that into a 401k, because it was the only way to really provide for a safe future.  So...that's what we did. Oops.  The other big difference between Gen X and the surrounding generations, in regards to retirement, is Social Security. The Baby Boomers will have Social Security for most of the rest of their lives; it's funded, and it won't be a problem. Millenials have mostly come of age knowing that's a joke. Gen X, on the other hand, grew up and worked at least part of their lives under the assumption that Social Security, while having problems, would at least provide some help. However, with the way the economy and government is going, it's very possible that won't be a guarantee without major adjustments (decreased payout, increased retirement age, etc), so they're going to be taking it there as well.  That's not even to get started on the mortgage situation. For a lot of us X'ers, we bought homes near or at the top of the bubble, again, because everyone was telling our generation that we were foolish for renting; ""Why, with the tax incentives in place and the way housing prices have been rising the last 20 years, you're just throwing your money away by renting!"" So again, the Baby Boomers enjoyed 20-30 years of rising home prices, giving them a chance to build up a lot of equity and refinance at lower and lower rates; the millenials, again, were shielded simply by not being at the point in their lives where it would be a problem. Once again, it's Gen X that was just trying to do what they had observed as working their entire life.  I think Generation X will rise out of everything that has happened much wiser. Most of us have been through enough at this point that I think we're beginning to become very untrusting of ""the way things are"", and that will have heavy ramifications as the reigns of power fall from the Boomers to the X'ers.  May you live in interesting times..."


"I have an Asus T100. It's the same basic idea (10"", full Win 8.1, detachable keyboard) but less powerful and the build quality isn't quite as nice. However it comes with an Office license, the keyboard dock (which I like better than the Surface options), is completely fanless, and only $300-$400.  You're right about the idea of the Surface Pro being a winner.  I have zero interest in purchasing a regular laptop again after using this. It also gets much more use than any tablet that I ever tried and gave up on, both iPads and Android. I've got tablet and complete desktop functionality on one device. I love it."


If Paywalls were without ads, I would pay.  They want me to pay for contents, and, on top of that, I have to fight ads?   I can only understand PayWalls if they claim their ONLY income is from what you pay for the contents.  In the past, people paid to get their favorite papers. Yes, papers had ads, but totally not obstructive.


I think it's a stupid and unfair practice too. But the above justification is the one that comes closest to making sense. It's not meant to test whether you abuse drugs, it's meant to test your judgment and motivation. If you can't stop smoking pot while looking for a job, either you don't really want the job, or you lack the ability to make intelligent decisions. Either one indicates you're probably not a good job candidate.   Also, if it *does* catch someone with cocaine or other drugs in their system, then it's likely they have a real drug problem, since the candidate usually has at least a few days' notice that they will be tested, and they apparently found it difficult to stop for even that long.


"Most companies get taken over eventually. More to the point, ANY company with a public float over 50 percent that's large and viable enough to fall on people's radar screens will get taken over if its stock price is ""too low"" relative to its long term prospects.  It is the possibility of a takeover, as much as anything else, that bolsters the stock prices of many companies, particularly those that don't pay dividends. In essence, the takeover price is just one large liquidating ""dividend."""


"A well diversified retirement portfolio is going to have some component in cash or near-liquid investments. So I tend to put it all in one place knowing that I can draw on it (at least from the ROTH account) in the event of an emergency.  Obviously, you don't want to do this very often, but hopefully emergencies don't happen often either. You also have to attenuate your idea of an emergency so that it doesn't mean ""I didn't get a bonus check this year and can't afford gifts for the kids as nice as last year!"""


Any such amount has to be reported by Skrill and the Bank to RBI. As long as your earnings are legitimate and you are paying the taxes you shouldn't be worried. If its for services rendered, you would have a contract and / or invoice ... ie some paper work. It is important to keep the paper work in order.


Here would be the general steps to my mind for creating such a plan: Write out the final desired outcome. Is it $x in y years to fund your retirement? Is it $a in b years to put as a house down payment? This is the first step in defining how much money you want at what point in time. Consider what is your risk tolerance and how much time do you plan on spending in this plan. Is it rebalancing once a quarter and that's it or do you plan on doing monthly research and making tweaks all the time? This is slightly different from the first where one has to be mindful of how much volatility would one handle and what time commitment does one have for an investing strategy. Also, how much money would you be adding to the investments on what kind of time table would also be worth noting here. Construct the asset allocation based on the previous two steps along with historical returns averaged out to be a first draft of what you are buying in general. Is it US stocks? Is it a short-term bond fund? There are more than a few choices here that may make sense and it is worth considering based on the first couple of responses that determine what this will look like. Retirement in 40 years may be quite different than a house down payment in 2 years for example. Determine what brokerages or fund companies would offer such funds along with what types of accounts you'd want to have as in some countries there may be tax-advantaged accounts that may be useful to use here. This is where you're almost ready to start by doing the homework of figuring out how will things work. This may vary depending on one's jurisdiction. Get the applications from whatever institutions you'll be using and run with the desired asset allocation across various funds and accounts. Note that in the first few steps there were points of being aware of how much would you have, how aggressive are you investing and so forth. This is where you actually send in the money and get things rolling. Run with the plan and make tweaks as needed to achieve result, hopefully desired or better.


i don't get it, if there is such a demand for these fucking cars, find a way to make more of them so we can hire more people and make more stuff in the US.....my friend had to wait a year and half to get his...


"Reddit has what is informally called the ""1 in 10"" rule. That is, it's generally considered OK to submit your own material or material you are promoting as 1 in every 10 submissions. Accounts that only submit for commercial reasons are likely to get labeled spam and possibly deleted.  More definitions of what is considered spam on Reddit can be found [here](http://www.reddit.com/help/faq#Whatconstitutesspam)."


">the market will start to target  You think of the market as a predator, there's your problem. ""The Market"" is not some mythological beast hunting for countries.  If Greece doesn't honor its commitments it doesn't mean Portugal or Spain will be unable to enact austerity measures themselves to pay their own debts."


Instead of SSN, foreign person should get a ITIN from the IRS. Instead of W9 a foreigner should fill W8-BEN. Foreigner might also be required to file 1040NR/NR-EZ tax report, and depending on tax treaties also be liable for US taxes.


Athens can't spend most of the bailout money it gets on helping its people. Most of the money it gets is required to go right back to international lenders, like the IMF, that have loaned the nation money. If you see a problem in this approach, then you clearly have what it takes to be head of an international finance organization. Christine Lagarde has been the IMF's managing director for 15 months and apparently just noticed it.


Sounds like a poorly written piece at best... The way you make money with a mortgage, if you're careful and/or lucky and/or patient, is to use that loan to make leveraged investments. If the return on the investments is higher than the interest on the loan, you win. Of course if the investments don't do well you can lose money on this deal... but at current interest rates it isn't that hard to make a profit on this arrangement, especially if you can get the tax deductability helping you.


"'Buy and Hold' Is Still a Winner: An investor who used index funds and stayed the course could have earned satisfactory returns even during the first decade of the 21st century. by By Burton G. Malkiel in The Wall Street Journal on November 18, 2010: ""The other useful technique is ""rebalancing,"" keeping the portfolio asset allocation consistent with the investor's risk tolerance. For example, suppose an investor was most comfortable choosing an initial allocation of 60% equities, 40% bonds. As stock and bond prices change, these proportions will change as well. Rebalancing involves selling some of the asset class whose share is above the desired allocation and putting the money into the other asset class. From 1996 through 1999, annually rebalancing such a portfolio improved its return by 1 and 1/3 percentage points per year versus a strategy of making no changes."" Mr. Malkiel is a professor of economics at Princeton University. This op-ed was adapted from the upcoming 10th edition of his book ""A Random Walk Down Wall Street,"" out in December by W.W. Norton. http://online.wsj.com/article/SB10001424052748703848204575608623469465624.html"


"> The Washington Examiner   > Freedom Works  OK bud. I'm sure these are entirely non-biased pieces of first-class journalism. Especially with titles like that.  > President Obama has been spending a lot of time with the 1 percent lately, trying to get them to pony up to keep Democrats from losing control of Congress in November.  The horror that someone would *spend time* with rich people. That fucking monster. Let's just elect one of them instead. WTF is even the accusation here?  > On Wednesday, Obama was in Cambridge, Mass., for a ""roundtable discussion"" with about 25 supporters who paid $32,400 each for the opportunity, followed by a Democratic National Committee fundraiser in Boston where the tickets started at $5,000 a pop.  And? Doesn't demand justify price? If people bought tickets, then obviously those people thought that was a fair price. Is this not the free market at work that capitalists should like? Is that not the same as doubling Mara Lago membership rates after the election? Should the tickets to this discussion have been $5 just because or something? If I want to meet one-on-one with Mr. Trump, I'm going to have that opportunity without ponying up serious cash? Puh-lease.  > The Democrats like to complain about the ""evil"" Koch brothers, one of whom, David, recently donated $35 million to the Smithsonian's National Museum of Natural History to build a new hall for its collection of dinosaurs. That's the largest single donation ever to the publicly-administered museum and nearly twice the $18 million both brothers have spent on federal elections since 1989.  wtf is this non-sequitur about the Smithsonian? Is Journalism at the Washington Examiner just throwing in random bullshit?  > On the list of top political donors compiled by OpenSecrets.org, the Koch brothers rank only 59th. Meanwhile, the top 10 list is dominated by unions and corporations which benefit from handouts and special favors from government (which really means you, the taxpayer) and give overwhelmingly to the party that keeps them coming, the Democrats.  Yeah, no shit this election cycle when the GOP nominated a reality TV star. In the last election cycle, according to OpenSecrets, that was not the case. The majority of campaign donations by corporations went to Republicans. So instead of ""crony capitalism"", the Washington Examiner should look at the real cause, the embarrassment to the Republican party."


I'm not disputing whether IB is good to start. I'm disputing that anything going through them is 'low latency.' 50-100ms is a lifetime against high frequency traders. Also, if you're co-locating w/ them and using a direct feed and still getting that latency you're getting ripped off. It should take 100ms *for a message to travel between Chicago and NY*, let alone between your computer and the exchange one at the same colo.


"She didn't know that having sex can lead to kids? I mean, you'd think she might have at least pieced it together after the first one.  At what point do people's bad decisions stop being society's burden to bear?  If I decide to take on insurmountable debt because I don't know any better, should everyone else be forced to pick up the tab?  That may sound heartless, but it's not. A $15/hr minimum wage would ruin our economy and cause a lot more suffering and homelessness.  Just because we want to help people (and I do feel bad for her), if we put policies in place that will ruin everyone, we don't get off the hook just by blaming it on other factors or because ""we didn't see it coming"".   In a way, making bad policy decisions that will fuck up our entire country is kind of a large scale version of what Fran and many others have done to their own life."


"Agency is restricted by real life geographic and financial opportunities. Credit and finance is a very important consideration, which influences ability to obtain current and future opportunities. If you grow up in a good desert, for instance, you'll likely have poorer health and very likely poorer education and development. If you have to scrape by and save and are able to go to college or obtain am opportunity for funding for higher education, you have to balance your day to day costs which peers with better financing opportunities will not struggle with. You may encounter narrower networking opportunity from your name, class, relations, and probably fashion, style, cultural norms.  This ""free agency,"" is free only within the structural confines of your geographic and financial place.   https://www.theatlantic.com/notes/2015/11/are-food-deserts-to-blame-for-americas-poor-eating-habits-contd/415944/  http://www.nber.org/digest/sep03/w9873.html   https://www.google.com/amp/s/www.brookings.edu/blog/social-mobility-memos/2016/02/19/a-college-degree-is-worth-less-if-you-are-raised-poor/amp/   https://www.theatlantic.com/business/archive/2017/06/the-hoarding-of-the-american-dream/530481/   https://www.google.com/amp/www.newyorker.com/business/currency/the-high-cost-for-the-poor-of-using-a-bank/amp"


I don't think Nokia is in *that* bad a position. They're poised for a comeback with Windows Phone 8.   If Nokia really gets in trouble, Microsoft is likely to prop them up or buy them outright so that the investment in WP8 isn't sunk. MSFT have indicated willingness to enter the non gaming or peripheral hardware market with the new Surface after HP failed to deliver on Slates.   Mobile Phones are just a logical next step. (They've partnered with Orange in France already - so are counting on Nokia to see that through)  It's not the handset market that's in trouble, it's the mobile provider market that is in trouble - people are moving to prepaid/PAYG and not upgrading every 2-3 years, this flows on to the handset market but doesn't signify trouble per se.   The smartphone market is a three way race, Microsoft (Nokia), Apple (Apple) and Google (Samsung + HTC, who aren't out of the game just yet in my opinion)  HTC have awesome low end phones and are a serious contender against 'dumb' phones when you include markets with low or no operator subsidies.   There's also emerging markets/developing countries where smartphones aren't even a consideration - there is a sizable overlooked market for dirt cheap phones that can just call and text, people who can't even get to power to charge their mobiles more than once a week. They're not as profitable, but if nobody else is servicing those markets there is plenty to be made simply in volume. It might not be profitable for 10, 20 companies to service those markets.. But one or two could do it and ignore smartphones completely. Although Vodafone already produces its own through Chinese suppliers, so it might be a market consumed by vertical integration instead.


In general, you would have to be the age of majority (generally, 18) to take out a loan. Additionally, your credit rating must be sufficient for the bank or loan company to be comfortable loaning you money.


>Im suggesting if they break the law they go to jail, just like every one else  Actually above you were complaining about the monetary penalties, and said nothing about criminal penalties. Which is it? Hundreds of millions of dollars is hardly light fines.  As to going to jail, it depends on the law. Speeding breaks the law, yet it is not often a jailable offense. If *individuals* broke laws that result in jail time, they will likely be prosecuted and sent to jail. [The Justice Department and New York County Attorney General’s Office, which together have handled the high-profile cases that Mazur criticized, said they will always bring criminal charges where evidence permits.](http://blogs.reuters.com/financial-regulatory-forum/2012/06/20/record-setting-bank-forfeiture-at-ing-ignites-debate-over-lack-of-banker-prosecutions/)


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Great answers. Here's my two cents: First, don't forget to look at the overall picture, not just the dividend. Study the company's income statement, balance sheet and cash flow statement for the last few years. Make sure they have good earnings potential, and are not carrying too much debt. I know it's dull, but it's better to miss an opportunity than to buy a turkey and watch the dividends and the share price tank. I went through this with BAC (Bank of America) a couple of years ago. They had a 38-year history of rising dividends when I bought them, and the yield was about 8%. Then the banking crisis happened and the dividend went from $2.56/share to $0.04, and the price fell from $40 to $5. (I stuck with it, continuing to buy at lower and lower prices, and eventually sold them all at $12 and managed to break even, but it was not a pleasant experience) Do your homework. :) Still, one of the most reliable ways to judge a company's dividend-paying ability is to look at its dividend history. Once a company has started paying a dividend there is a strong expectation from shareholders that these payments will continue, and the company's management will try very hard to maintain them. (Though sometimes this doesn't work out, e.g. BAC) You should see an uninterrupted stream of non-decreasing payments over a period of at least 5 years (this timeframe is just a rule of thumb). Well-established, profitable companies also tend to increase their dividends over time, which has the added benefit of pushing up their share price. So you're getting increasing dividends and capital gains. Next, look at the company's payout ratio over time, and the actual cost of the dividend. Can the projected earnings cover the dividend cost without going above the payout ratio? If not, then the dividend is likely to get reduced. In the case of CIM, the dividend history is short and erratic. The earnings are also all over the place, so it's hard to predict what will happen next year. The company is up to its eyeballs debt (current ratio is .2), and its earnings have dropped by 20% in the last quarter. They have lost money in two of the last three years, even though earning have jumped dramatically. This is a very young company, and in my opinion it is too early for them to be paying dividends. A very speculative stock, and you are more likely to make money from capital gains than dividends. AAE is a different story. They are profitable, and have a long dividend history, although the dividend was cut in half recently. This may be a good to buy them hoping the dividend comes back once the economy recovers. However, they are trading at over 40 times earnings, which seems expensive, considering their low profit margins. Before investing your money, invest in your education. :) Get some books on interpretation of financial staments, and learn how to read the numbers. It's sort of like looking at the codes in The Matrix, and seeing the blonde in the red dress (or whatever it was). Good luck!


A 50% company match on your 401(k) is a huge amount of free money. You'd have to absolutely crush the professional money managers to justify turning it down. If you can do that, you should quit your job and do it full-time.


> Only jerks use Safari  What sort of tiny, crazy world do you live in where you can condemn someone entirely for their choice of browser - particularly when you're talking about a fairly decent browser that's also the default for millions of computers?  Get a sense of perspective, FFS!  (Oh, and my browser (Chrome) and all mainstream browsers will report if they're being run on a Mac, so your comment also has nothing to do with the article...)


What a Novel(l) idea! Perhaps you can do it Mono a Mono with a Gnome!


This is great, thank you. Can you think of any cases where expected return is greater than interest payments (like in #2) but the best choice would still be raise money through equity issuing? My intuition tells me this may be possible for an expensive company.


"I work in wealth management now - so it deviates from what you are looking to do long term, but what about getting your series 7 or 65?   I'm 37 now, and before I started my own firm I got my 7/63 and worked for a big custodian to ""cut my teeth"" - which quite honestly was a glorified sales position, however it was invaluable for learning to ""speak the language"" for lack of a better term.   I don't have a CFA (which I know is very challenging), but I am a CFP and ChFC (also not easy) and have a MS in statistics and MBA in finance.   If you have any questions or wanted to do a mock interview I'd be glad to help."


In addition to @mhoran_psprep answer, and inspired by @wayne's comment.  If the bank won't let you block automatic transfers between accounts, drop the bank like a hot potato They've utterly failed basic account security principles, and shouldn't be trusted with anyone's money. It's not the bank's money, and you're the only one that can authorize any kind of transfer out.  I limit possible losses through debit and credit cards very simply. I keep only a small amount on each (~$500), and manually transfer more on an as needed basis. Because there is no automatic transfers to these cards, I can't lose everything in the checking account, even temporarily.


There would be a catastrophic collapse in the financial industry.   Not exaggerating. Every bank is a company that's technically held by another company, a bank holding company. Every investment firm typically has anywhere from dozens to thousands of separate little companies (depending on the size of the overall firm) that it uses to manage money and risk.  There's ways to try and solve agency problems and moral hazard problems in corporate governance, but disallowing corporations from creating wholly owned subsidiaries is not the way to do it.


Exactly.  Stock is a liquid asset and is almost like cash.     By that reasoning, a Democratic Governor could threaten to permanently close down Trump properties due to labour, health and safety, and food safety laws and that is all OK because it does matter until the property is actually sold off when the lost is actualised.    Trump came into office as supposedly pro-business but this is third world style abuse.   Trump does not give one damn about protecting consumers from a supposed monopoly.   This is purely a political move.


If you looking to change the way you dress up in summers, then go for linen vests for men’s. These are the best alternative that you can try in summers. Breathable fiber that keeps you cool & prevent sweat from damaging your looks all day long.


If you are confused by how to choose a blogging platform, Silvrback can help you find the right one. With so many options to choose from it is natural to be a little confused.  With the right guidelines and criteria you can easily choose the right platform from a plethora of options.


Forgot the /s  Not only do we have the same government, but also have large ALEC financial supporters right here in our state. We also have about 3 billion more debt, public jobs such as police and teachers fleeing the state, scrapped road maintenance, etc. etc.


He's made a point for *his* line of work, not mine. My dad started my company and turned it into a one man, 40 hour a week, six figure operation before I took over. The only reason I want to hire is that I see an opportunity for expansion. I'll still work just as much.


HTS Direct Limited is the company that you should go to if you’re looking for top-quality lifting and moving equipment. HTS Direct Limited has been widely known because of their commitment to delivering exceptional products and services to all their clients. If you are interested to know more about this company and their offerings, log on to their website - www.htsdirect.com.


try over in /r/personalfinance  Economics is about understanding the economy and how it works. Investing is about taking your money and putting it somewhere useful. They're related; but what you want probably isn't economy-wide advice, but specific individual options.  FYI, they'll recommend you get into some index fund to start; one that just tracks a big index like the Dow Jones, Nasdaq, or S&P 500. These help diversify your risk and tend to offer good returns. But, a lot depends on what your personal situation entails, so head on over there and read their FAQ.


"It makes little sense from that perspective.  The owners are the ""very large"" consumers of public goods such as National defense, not the legal entity that the owners make in order to create wealth.    And you can't tax dividends any more than any other capital gains made within the corporation, otherwise the corporation would be stupid to ever disperse dividends instead of buying back shares.     Tax the rich their due share on the profits they made after investing, or just set up a progressive consumption tax that taxes the rich for what they spend.  I don't care.  Just don't over-tax people for doing things you actually want them to do, like re-invest."


"My answer is that when confronted with the obvious, the most common human reaction is to seek reasons for it, because things have to be right. They have to have a reason. We don't like it when things suck.  So when finding out that you are being ripped off every day of your life, your reaction is ""There must be a logical reason that perfectly explain why this is. After all, the world is fair, governments are working in our best interest and if they do it this way, they must have a very good reason for it."" Sorry, but that not the case. You have the facts. You are just not looking at them. Economics, as a subject, is the proper management of resources and production. Now, forget the fancy theories, the elaborate nonsense about stocks and bonds and currencies and pay attention to the actual situation. On our planet, most people earn $2,000 per year. Clean water is not available for a very sizable percent of the world's population. Admittedly, 90% of the world's wealth is concentrated in the hands of the most wealthy 10%. A Chinese engineer earns a fraction of what a similarly qualified engineer earns in the States. Most people, even in rich countries, have a negative net value. They have mortgages that run for a third of their lifetimes, credit card debts, loans... do the balance. Most people are broke. Does this strike you as the logical result of a fair and balanced economic system?  Does this look like a random happenstance?  The dominant theory is ""It just happened, it's nobody's fault and nobody designed it that way and to think otherwise is very bad because it makes you a conspiracy theorist, and conspiracy theorists are nuts. You are not nuts are you?"" Look at the facts already in your possession. It didn't just happen.  The system is rigged. When a suit typing a few numbers in a computer can make more money in 5 minutes than an average Joe can make in 100 lifetimes of honest, productive work, you don't have a fair economic system, you have a scam machine.  When you look at a system as broken as the one we have, you shouldn't be asking yourself ""what makes this system right?"" What you should be asking yourself is more along the lines of ""Why is it broken? Who benefits? Why did congress turn its monetary policy over to the Federal reserve (a group of unelected and unaccountable individuals with strong ties in the banking industry) and does not even bother to conduct audits to know how your money is actually managed? This brilliant movie, Money as debt, points to a number of outrageous bugs in our economic system. Now, you can dream up reasons why the system should be the way it is and why it is an acceptable system. Or you can look at the fact and realize that there is NO JUSTIFICATION for an economic system that perform as badly as it does.  Back to basics. Money is supposed to represent production. It's in every basic textbook on the subject of economics. So, what should money creation be based on? Debt? No. Gold? No. Randomly printed by the government when they feel like it? No (although this could actually be better than the 2 previous suggestions) Money is supposed to represent production. Index money on production and you have a sound system. Why isn't it done that way? Why do you think that is?"


"There are no dividends from S-Corp. There are distributions. Big difference. S-Corps fill form 1120S and schedule K-1 per shareholder. In the schedule all the income of your S-Corp will be assigned to various categories that you will later copy to your personal tax return as your personal income. It is not dividend income. The reason people prefer to take distributions from their S-Corps instead of salary is because you don't pay SE taxes on the distributions. That is also the reason why the IRS forces you to pay yourself a reasonable salary. But the tax rate on the income, all of it, is your regular income tax rate, unless the S-Corp income is categorized in a preferred category. The fact that its an S-Corp income doesn't, by itself, allow any preferential treatment. If you're learning the stuff as you go - you should probably get in touch with a tax professional to advise you. All the S-Corp income must be distributed. Its not a matter of ""avoiding paying the tax"", its the matter of ""you must do it"". Not a choice. My answer was not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer (circ 230 disclaimer)."


"GreenMatt - this is a good question, and a question I have asked about whether to invest in a Roth IRA, or a traditional IRA. This is my take on the picture, I'm not sure about your tax situation and how much you'd have to pay for each conversion you did, whether you have extra money to pay those taxes, etc. In my opinion I don't think it would be a good idea to use your 401(k) principal to pay taxes, but to have the extra money to pay these when rolling over so you don't lose any interest, especially since you're near the ""end"" of your ""snowball"" effect with interest in your retirement account. Here is a resource to consider. Also, another thing to consider that I don't really see much of on here is inflation. If you're going to be in the same tax bracket as you are now, and if whatever you're contributing to your 401(k) or traditional IRA is NOT bumping you down in the 15% bracket, then I would suggest doing a ROTH IRA. I say this because to me, when I retire, I would have rather paid my taxes throughout the years (I'm 23 and in 25% marginal tax bracket) in a ROTH IRA and pay nothing when I'm withdrawing in 30 years, factors people forget to consider are that the Cost of Living is going to be MUCH MUCH higher for me down the road, and the cost of sending a child to school is going to be much higher as well. Since your child is young, consider this site for the cost of a college education for your child. This is comparing the average cost of education for someone attending college in 2015 versus 2033 (a child born IN 2015). While this seems drastic, and there could be a lot of different things that happen by that time, it's a decent illustration. While the website provided certainly isn't validated by the DoE, I have read multiple articles about this, and they are all very similar. Again, other things could happen between now and your child's college career, but if college becomes ""free"" we're paying for it, and if it's not free and raises at historical rates you're paying for it. I also don't really want to comment on what is going to happen with taxes over the years, I'm not sure where you live (I'm in the U.S.), but IMO I believe they either A) won't change or B) will raise slightly. As far as SS goes, I think it's fair and definitely more than reasonable to not expect SS in retirement. I'm definitely not counting on it."


Not at all. Some products were good value compared to previous historic prices. I bought an echo for £79.99 (usually £149.99) and an echo dot as a gift for someone £34.99 (usually £50).  Then there were other products like coffee machines, microwaves, drills and some of those products had more than 50% discount.  If you were after a particular product and it happened to be on sale then you could have made a huge saving; far more than a competitor was offering.


The real benefit of the 529 is the tax free growth, similar to a Roth IRA. 18-22 years of growth can add up, the investment doubling or tripling. In your situation, it's a year or two of growth. Interest rates are low, and I'd not recommend having this money investe in the market for just a year or two. With sub 1% interest rates in savings, it's up to you whether the effort is worth the money you'll save on your taxes.


"Nice try Amazon.  Logic is faulty here, ""The lower the price, the more books people will buy, and the more books people buy, the more they’ll read."" is false because it just means people will have more money when buying from an online retailer or megastore like Walmart.  It doesn't mean they will read more and quite possibly can read less due to the lag time of shipping.  I don't go to independent bookstore, I have a library that I fund through property taxes and it's already paid for.  I don't read anymore than I do because I don't have all the time in the world to read."


"This will happen automatically when you open an interest-bearing account with a bank.   You didn't think that banks just kept all that cash in a vault somewhere, did you?  That's not the way modern banking works.   Today (and for a long, long time) banks will keep only a small fraction of their deposits on hand (called the ""reserve"") to fund daily withdrawals and other operations.  The rest they routinely lend out to other customers, which is how they pay for their operations (someone has to pay all those tellers, branch managers, loan officers) and pay interest on your deposits, as well as a profit for their owners (it's not a charity service).  The fees charged for loan origination, as well as the difference between the loan interest rate and the deposit rate, make up the profit.   Banks rarely hold their own loans.  Instead, they will sell the loans in portfolios to investors, sometimes retaining servicing rights (they continue to collect the payments and pass them on) and sometimes not (the payments are now due to someone else).  This allows them to make more loans.   Banks may sometimes not have enough capital on hand.  In this case, they can make inter-bank loans to meet their short-term needs.  In some cases, they'll take those loans from a government central bank.  In the US, this is ""The Fed"", or the Federal Reserve Bank.   In the US, back around the late 1920's, and again in the 1980's some banks experienced a ""run"", or a situation where people lost confidence in the bank and wanted to withdraw their money.  This caused the bank to have insufficient funds to support the withdrawals, so not everyone got their money.  People panicked, and others wanted to take their money out, which caused the situation to snowball.  This is how many banks failed.  (In the '80s, it was savings-and-loans that failed - still a kind of ""bank"".)  Today, we have the FDIC (Federal Deposit Insurance Corporation) to protect depositors.  In the crashes in the early 2000's, many banks closed up one night and opened the next in a conservatorship, and then were literally doing business as a new bank without depositors (necessarily) even knowing.  This protected the consumers.  The bank (as a company) and its owners were not protected."


"I find those ""government checks"" arguments to be more appealing in theory than in reality.   Ultimately, it comes down to deciding who gets what... and who gets to be the decider.   Capitalism is far from perfect, but it decides who gets what through the individual, decentralized choices of everyone. Again, it's not perfect by any means, but it is dispersed - and everyone makes decisions for themselves, not for other people.   Government action decides who gets what through a highly indirect process of electing politicians, and decisions are made by a small group of people, who are under, practically speaking,  very little oversight or control. A few people make decisions for everyone else.   Government action is, despite all our desire and efforts to avoid this, necessarily subject to the same disparities in influence/control as the market ... It may come in different forms, and the consequences may manifest differently (often less readily apparent), but there is no avoiding the ""a few people have a lot more control than everyone else"" problem.   Governments are more prone to corruption because they trade the intangible currency of ""power"" in addition to money.   No matter how you go about doing so, it's always easier to counteract a private actor than a government (given roughly equivalent levels of influence, obviously).    I understand the desire for intervention, but I think we have a scary tendency to place far too much weight on good intentions, and far too little weight on consequences.   It's so easy to think things through in your head (I do often) and come up with a plan that could obviously work exactly as intended for everyone's benefit. In doing so, we forget that people aren't pawns to be guided through life for someone else's vision (or pursuit of utopia or anything else) . ... they have lives, desires, interests, plans of their own, and theirs are just as valid as yours or mine.   The reality is that you and I are probably far more similar than either of us would guess. But there are still huge differences - what we value, what we want to do next year, whether we want that promotion or want to get laid off so we can finally start our dream business, whether we want money for family vacations or medical bills.... so many differences that I couldn't ever fairly and accurately represent your interests without you actually telling me what they are.   That's just the 2 of us. There are 300 million people in the US - we can't comprehend even really knowing a thousand well enough to genuinely speak on their behalf.   In theory, big plans make everything better. In practice, they run into the reality that humans truly aren't pawns, and controlling 300 million people and predicting their responses/actions is way more difficult than it seems. Big plans often end up with real people - people who are just as deserving of opportunities and rights as everyone else - getting really hurt because some guy he doesn't know (and who doesn't know him) had an idea and the power to enforce it on everyone.   I'm not saying that all government interference is bad, of course, and I'm not saying it shouldn't happen.    Government interventions that are straightforward wealth transfers are probably less harmful to people ... like a tax on the rich to give hefty tax refunds to the poor, is more direct and less prone to causing unintentional harm then things like wage manipulations."


If you're a bit into the loan, then they're probably hoping that you'll take longer to pay off the loan. Is there a fee for refinancing the loan?  If so, be sure to take that into account. A smart way to approach it (assuming that the fees are low or zero) would be to continue making the same payment you had been before the refinance.  Then you'll end your loan ahead of schedule.  (This assumes that there's no prepayment penalty.)


The article clearly states the tax dodging isn't more than an ancillary benefit. Who knows.  I do know Big Tobacco split their co's in half between domestic (US) and international operations due to the incredibly burdensome regulatory environment. It was holding back growth plans. There may be some of that here.  Or maybe BK doesn't want to file for bankruptcy for the umpteenth time this decade. This is a way to spread the debt around and stabilize.


Uber clearly has massive issue internally so far as culture; while it's not as large of a problem as the obvious economic and labor issues of having a non-automated fleet, it's giving up a wicked stink that is causing talented employees to flee. That is a very difficult spiral to get out of.  I'm not sure what TK leaving does to stem that, but obviously I'm sure the decision is partly, if not mostly due to the tragedy involving his family. On that front, I wish him peace but on everything else, he's been behind the wheel (heh) of what appears to be a pretty toxic company, both in terms of culture and the balance sheet.


"This is the best tl;dr I could make, [original](http://www.financeapprise.com/neel-kashkari-opposed-feds-decision-raising-interest-rates/) reduced by 65%. (I'm a bot) ***** > Minneapolis Federal Reserve Chairman Neel Kashkari voiced opposition to the central bank&#039;s decision to raise interest rates this week due to the latest weaker data on inflation.  > &quot;If we base our inflation prospects on this real data, we should not raise interest rates this week&quot;, said Neel Kashkari, who has voted this year at the Federal Open Market Committee.  > &quot;In the 1970s, this belief led the Fed to keep interest rates too low, resulting in very high inflation. Today, this same belief can cause the Commission to repeatedly predict accelerating inflation, which is why we raise interest rates too fast and we continue to fail to reach our inflation target&quot;, added he.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6i0ks3/neel_kashkari_opposed_feds_decision_on_raising/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~147307 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*: **inflation**^#1 **interest**^#2 **rates**^#3 **Chairman**^#4 **raise**^#5"


"Though @mehassee mentioned it in a comment, I would like to emphasize the point that the financial planner (CFP) you talked to said that he was a fiduciary.  A fiduciary has an obligation to act in your best interests.  According to uslegal.com, ""When one person does agree to act for another in a fiduciary relationship, the law forbids the fiduciary from acting in any manner adverse or contrary to the interests of the client, or from acting for his own benefit in relation to the subject matter"".  So, any of these Stack Exchange community members may or may not have your best interest at heart, but the financial advisor you talked to is obligated to. You have to decide for yourself, is it worth 1% of your investment to have someone legally obligated to have your best financial interest in mind, versus, for example, someone who might steer you to an overpriced insurance product in the guise of an investment, just so they can make a buck off of you?  Or versus wandering the internet trying to make sense of conflicting advice?  In my opinion, a fiduciary (registered CFP) is probably the best person to answer your questions."


I think you have already outlined for yourself most of the pros and cons of each method of giving. It sounds to me like you have some desire to control how the money is spent, or at least reserve the right not to give it to a child who will waste it (according to your definition).  If you set up an UTMA/UGMA account, or just give the money directly each year as a birthday gift, you are surrendering control of the money. It's a gift and is no longer yours to direct.  If you set up a 529, you at least restrict the money to a particular, useful purpose. Moreover, if you retain ownership of the 529, you can take the money back, albeit with a tax penalty to yourself.  If you do hold a 529 in your name, but for a child's benefit, there are a couple of things to consider with respect to future financial aid (this is from recent experience--my in-laws have 529s for our children, both of whom are currently in college). A 529 not owned by the student or the student's parent is not reported as an asset (of the child or the parent) on the Free Application for Federal Student Aid (FAFSA). However, once such a 529 is used to pay college expenses, the amount of those payments does get reported on the following year's FAFSA, and counts as untaxed income for the purposes of figuring the Expected Family Contribution (EFC). Untaxed income is assessed towards the EFC at 50%. In contrast, parental assets are assessed at around 7%, if I recall correctly, and student assets at around 35%. Student-owned 529s are assessed at the rate of parental assets, which is an advantage. If the amount you will set aside is less than the cost of one year of college, you can avoid the disadvantage of the untaxed income assessment by just using the entire 529 for the final year of school, since there will be no FAFSA for the following year. It occurs to me that there is one other way you can give to them that you did not mention, and may make you more comfortable in terms of encouraging some positive behavior. Namely, save the money in a self-owned account, then, when they are old enough to get a job that provides a W-2 showing declared, earned income, you can use the savings to fund a Traditional or Roth IRA for them, up to the limit allowed each year, until the money you set aside is exhausted. The Roth is a better long-term savings vehicle, but the Traditional would carry bigger penalties for early withdrawal and would therefore be less tempting to draw on.


If the share is listed on a stock exchange that creates liquidity and orderly sales with specialist market makers, such as the NYSE, there will always be a counterparty to trade with, though they will let the price rise or fall to meet other open interest.  On other exchanges, or in closely held or private equity scenarios, this is not necessarily the case (NASDAQ has market maker firms that maintain the bid-ask spread and can do the same thing with their own inventory as the specialists, but are not required to by the brokerage rules as the NYSE brokers are).  The NYSE has listing requirements of at least 1.1 million shares, so there will not be a case with only 100 shares on this exchange.


I do find it 'acceptable.' The majority of people having to work hard to put food on the table is the natural state of the world. Consolidation of wealth and power is only natural in any human system. I don't know if you noticed or not, but the quality of life around here for the common man in the most recent century is better than any in history.


Setting the goals earlier is an effective way to get success easily. As per Mitesh khatri, setting your target and working accordingly can be more successful rather moving randomly. Here in this post we will have a look on his yearly planning. Following this strategy will really work. Let's try it! https://www.miteshkhatri.com/my-goals-2016/


> Slow Wage Growth Could Be Thanks to ‘Sticky Wages’  > Of course, not all of the ‘stickiness’ in wages can be attributed to the normal functioning of the market.  It is always amusing to me when people think giving a name to an unknown is the same as explaining it.


Question: Why are the mortgage rates so high in northern Alabama? We tried to get prequalified for a $130,000 home and was told our monthly payments would be $890/month. With some simple math (i have no financial knowledge of the situation), that puts our ending payout at over twice what the home is worth, at over $320,000! Why?


"In the presence of a central bank, fractional reserve doesn't mean very much. In practice, the central bank bank supplies reserves, at some cost, in whatever quantity is demanded by the system. Reserves are just a cost of doing business for a bank, not something they'll run out of in any ""ponzi"" sense. I don't believe it's a case of people being duped.  I think sustainability is threatened not by fractional reserve and central banking but by the degree to which narrow banking has been mingled with more speculative finance."


"First of all, I have to recognize up front that my ""spending personality"" is frugal. I don't recreational shop, and I save a lot of my total income. Building a budget and sticking to it is difficult, especially for people who are closer to living paycheck to paycheck than I. Theoretically, it should be easy to stick to a budget by overestimating expenses, but for many people planning to spend more than necessary isn't a luxury available. That said, I have a system that works for me, maybe it can work for you. This system lets me see how much I have to spend, and close to optimally arranges assets. As you can see, this system relies on some pretty strong upfront planning and adherence to the plan. And what you might not realize is that you can deviate from the plan in two ways: by spending variations and by timing variations. Credit should really help with a lot of the timing variations; it takes a series of expenses and translates them into one lump payment every month.  As for spending variations, like spending 20 dollars for lunch when you only budgeted 5, it turns out this technique helps a lot. Some academic work suggests that spending with plastic is more likely to blow your budget than cash, unless you make detailed plans. But it sounds like your main problem is knowing whether you can afford to splurge. And the future minimum balance of your checking account can be your splurge number."


"I can't get over how many people explain these thngs like ""the boomers"" were some kind of conscious movement who collectively decided what and what not to do. ""They"" were people living life as dictated by the economic, political and sociological climate that they happened to be alive in. Speaking as a ""Millenial"", we need to stop trying to diagnose our own small slice of existence, stop whining about the incidental or circumstantial decisions that previous generations made that we can only possibly analyse with hindsight, and figure out if there's anything at all we can do to prevent the following generations from being completely fucked by our own inadvertent life choices."


"This page from the CRA website details the types of investments you can hold in a TFSA. You can hold individual shares, including ETFs, traded on any ""designated stock exchange"" in addition to the other types of investment you have listed.  Here is a list of designated stock exchanges provided by the Department of Finance.  As you can see, it includes pretty well every major stock exchange in the developed world. If your bank's TFSA only offers ""mutual funds, GICs and saving deposits"" then you need to open a TFSA with a different bank or a stock broking company with an execution only service that offers TFSA accounts.  Almost all of the big banks will do this.  I use Scotia iTrade, HSBC Invest Direct, and TD, though my TFSA's are all with HSBC currently.  You will simply provide them with details of your bank account in order to facilitate money transfers/TFSA contributions. Since purchasing foreign shares involves changing your Canadian dollars into a foreign currency, one thing to watch out for when purchasing foreign shares is the potential for high foreign exchange spreads.  They can be excessive in proportion to the investment being made.  My experience is that HSBC offers by far the best spreads on FX, but you need to exchange a minimum of $10,000 in order to obtain a decent spread (typically between 0.25% and 0.5%).  You may also wish to note that you can buy unhedged ETFs for the US and European markets on the Toronto exchange.  This means you are paying next to nothing on the spread, though you obviously are still carrying the currency risk.  For example, an unhedged S&P500 trades under the code ZSP (BMO unhedged) or XUS (iShares unhedged). In addition, it is important to consider that commissions for trades on foreign markets may be much higher than those on a Canadian exchange.  This is not always the case.  HSBC charge me a flat rate of $6.88 for both Toronto and New York trades, but for London they would charge up to 0.5% depending on the size of the trade.  Some foreign exchanges carry additional trading costs.  For example, London has a 0.5% stamp duty on purchases. EDIT One final thing worth mentioning is that, in my experience,  holding US securities means that you will be required to register with the US tax authorities and with those US exchanges upon which you are trading.  This just means fill out a number of different forms which will be provided by your stock broker. Exchange registrations can be done electronically, however US tax authority registration must be submitted in writing.  Dividends you receive will be net of US withholding taxes.  I am not aware of any capital gains reporting requirements to US authorities."


"Fascinating article that does a great job of explaining the significance of the decline in the labor force participation rate over time. Fewer ""able-bodied"" (don't know a better term for this) people working is an ominous signal on many fronts."


"This is the best tl;dr I could make, [original](https://www.bloomberg.com/news/articles/2017-06-19/oil-s-slide-stalls-as-investors-weigh-stockpiles-against-libya) reduced by 70%. (I'm a bot) ***** > The amount of oil stored in tankers reached a 2017 high of 111.9 million barrels earlier this month, according to Paris-based tracking company Kpler SAS. Oil has slipped below $45 a barrel as supplies in the U.S. remain plentiful and drillers continue to add rigs, raising concerns output cuts by the Organization of Petroleum Exporting Countries and allies including Russia won&#039;t succeed in draining bloated stockpiles.  > Crude stockpiles remain more than 100 million barrels above the five-year average, according to data from the EIA. American production has climbed to 9.33 million barrels a day through June 9, near the highest since August 2015.  > Libya is pumping about 900,000 barrels a day, according to a person with direct knowledge of the matter, who asked not to be identified for lack of authority to speak to the media.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6ietvj/oil_prices_are_tumbling_more_than_2_toward_43/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~148648 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*: **barrel**^#1 **percent**^#2 **August**^#3 **U.S.**^#4 **Oil**^#5"


Sherin Bual is a Certified Holistic Health Coach and Yoga Instructor in Houston. Contact SherinBual.com today. Sessions offered in person or via Skype remotely. She teaches you how to transform your life through yoga, breathing exercises, meditation techniques, and balanced nutrition.


"Trust me, the business model is pure Aldi and thus pure German. I mean that with respect, actually -- Germany has the lowest priced groceries in Western Europe thanks to Aldi and its competitors. Google ""Aldi business model"" and judge for yourself."


I assume you are talking about a publicly traded company listed on a major stock exchange and the buyer resides in the US. (Private companies and non-US locations can change the rules really a lot.) The short answer is no, because the company does not own the stock, various investors do. Each investor has to make an individual decision to sell or not sell. But there are complications. If an entity buys more than about 10% of the company they have to file a declaration with the SEC. The limit can be higher if they file an assertion that they are buying it solely for investment and are not seeking control of the company. If they are seeking control of the company then more paperwork must be filed and if they want to buy the whole company they may be required to make a tender offer where they offer to buy any and all shares at a specific price. If the company being bought is a financial institution, then the buyer may have to declare as a bank holding company and more regulations apply. The company can advise shareholders not to take the tender offer, but they cannot forbid it. So the short answer is, below 10% and for investment purposes only, it is cash and carry: Whoever has the cash gets to carry the stock away. Above that various regulations and declarations apply, but the company still does not have the power prevent the purchase in most circumstances.


Not at all. These CDOs on CMOs are all cash products. But you can have 100% loss in these deals, which would be unheard of in even a subprime CMO.   CDSs are derivatives anf have nothing in common with CDOs or CMOs. There aren't that many mortgage backed derivatives.


It's really not comparable.  I love Wegmans, but it's not the same thing.  Wegmans is a nice grocery store.  Whole Foods is not a place you go for most groceries - it's a place you go for fresh meats/fish/etc, especially when looking for more unique things, and especially if you're picky about what you're getting.  And even if you want to deny all that, Wegmans has a small footprint, so it is irrelevant in most areas.


Don't be too scared of investing in the market.  It has ups and downs, but over the long haul you make money in it.  You can't jump in and out, just consistently add money to investments that you 1) understand and 2) trust. When I say understand, what I mean is you can follow how the money is generated, either because a company sells products, a government promises to pay back the bond, or compounding interest makes sense.  You don't need to worry about the day to day details, but if you don't understand how the money is made, it isn't transparent enough and a danger could be afoot. Here are some basic rules I try (!) to follow The biggest trick is to invest what you can, and do so consistently.  You can build wealth by earning more and spending less.  I personally find spending less a lot easier, but earning more is pretty easy with some simple investment tools.


"Shady isn't quite the right word.  They know that most of their customers are going to quit soon after they begin -- as in ""before the end of January"" -- so they lock you in while you're motivated.  And of course they're going to make it difficult for you to quit. No choice but to read their contract, understand it completely, follow their rules, and meet their deadlines.  There's lots of freedom for them and lots of restrictions for you.  It's like this if you're not the one writing up the contract.   However ... do you have a YMCA around?  Our YMCA has an initiation fee, but beyond that it's month to month.  Most flexible gym membership I've heard of.  If you lapse for too long they'll make you pay another initiation fee to rejoin, but there's no penalty for canceling.  Not all Y's are like that, but check around to see."


There are essentially three ways to do this:


The elders are a privileged class subject to tribute payments by the tribe.  You absolutely motherfucking do see them going to war and torturing each other. The people in the exact regions you mentioned commit some of the worst attrocities.  http://www.independent.co.uk/news/world/africa/thousands-massacred-as-two-tribes-go-to-war-in-south-sudan-6286342.html  https://en.m.wikipedia.org/wiki/Scalping  https://en.m.wikipedia.org/wiki/Shrunken_head  http://www.dailymail.co.uk/news/article-2396760/How-Comanche-Indians-butchered-babies-roasted-enemies-alive.html  https://answers.yahoo.com/question/index?qid=20071105165505AAriydv


I don't really consider algorithms a form of intelligence, as they are generally static in their outputs. AI would change the algorithm or would design a new one.  But I really don't know enough about this stuff, and I need to read up on it.


The setup is a purchase of 200 shares at $40 with a cash deposit of $4000 and margin loan of $4000 which a year later grew to $4240. With a margin requirement of 30%, the loan can be 70% or a total stock value of $6057. 1) $30.29 2) -24.3% (The stock fell to $30.29 from $40) 3) -54.6% (Your $4000 fell to $1817)


My first reaction to this is that it'll strike generations differently.  I (25 years old) would be excited to have this done for the convenience.  My sister (30, married with a kid) said she would be scared of being tracked over the weekend or during off time, but would consider a bracelet form of the chip.  My dad and grandmother both simply said hell no.


"This is the best tl;dr I could make, [original](https://www.newstatesman.com/politics/economy/2017/10/how-world-s-greatest-financial-experiment-enriched-rich) reduced by 97%. (I'm a bot) ***** > In a little under a decade, central bank &quot;Kitchens&quot; in the US, Europe, the UK and Japan have inundated financial markets with more than $8trn using a system dubbed &quot;Quantitative easing&quot;.  > David Blanchflower, an economics professor, sat on the Bank of England&#039;s Monetary Policy Committee that introduced QE. &quot;In 2008, we had to get borrowing rates down to save the economy. But how much money do you create to get interest rates down by a quarter of a percentage point? Is it &pound;50bn or more? We had no idea of the amounts needed. It was a bit &#039;suck it and see&#039;,&quot; he told me.  > &quot;The problem,&quot; said Glenn Stevens in his final speech as Australia&#039;s central bank governor, &quot;Is that there is a limit to how much we can expect to achieve by relying on already indebted entities taking on more debt.""   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/755b2x/how_the_worlds_greatest_financial_experiment/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~224617 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*: **bank**^#1 **bond**^#2 **more**^#3 **Central**^#4 **money**^#5"


The following advice assumes that you have a significant amount already in the account in cash equivalents. If you are only talking a few hundred bucks or so, then just jump in at the next dip (like today's). If you have a larger amount to move into equities, the safest approach is to gradually move it into investments over some period of time at regular intervals regardless of what is going on in the market. This mitigates the risk of investing it all into an fund that is peaking at the exact moment you buy.  So, for example, you might invest 20% of the total amount each month for 5 months to gradually get into the market. The larger the amount you are investing, the more you probably want to spread it out, but don't spread it out much further than a year or you are losing opportunity cost by leaving your money in cash-type investments with likely a very poor rate of return. This strategy is called dollar-cost averaging if you want to research it more.


It would be better for you to sell yourself and pay capital gains tax than to transfer to your parents and pay the gift tax. Also, sham transfer (you transfer to your mother only so that she could sell and transfer back to you without you paying taxes) will be probably categorized as tax evasion, which is a criminal offense that could lead to your deportation. What the US should or should not claim you can take to your congressman, but the fact is that the US does claim tax on capital gains even if you bought the asset before becoming US tax resident, and that's the current law.


What the automation mostly does is make short-term trading that much more difficult. Day trading is a zero-sum game, so if they win more, everyone else wins less.  Long term trading (years to decades) is a positive-sum game; the market as a whole tends to move upward for fairly obvious reasons (at its basis it's still investing, which in turn is based on lending, and as long as folks make fairly rational decisions about how much return they demand for their investment and the companies are mostly producing profits there will be a share of the profit coming back to the investors as dividends or increased share value or both. Day-to-day churn in individual stocks gets averaged out by diversification and time, and by the assumption that if you've waited that long you can wait a bit longer if necessary for jitters to settle out. Time periods between those will partake of some mix of the two.


"I agree. Presidents (and Congress) have very little control over the economy. And the economy plays a much larger role in year-over-year deficit changes than does appropriations. People should stop talking about whose in office when such a thing happens and relate it to the event itself. OP should have ended the headline with ""a 70 percent decline from the height of the Great Recession"" instead of attributing to the current President."


"If you look at the visuals of the video it's fairly clear that Keynes is presented as a misguided party-boy and Hayek as a ""boring"" but sober dude. The actual conversations surrounding the different theories are a lot more complicated and a lot less clear-cut on who is right.   Personal belief: The reality is that different crises are caused by different things and so we have the different macroeconomic theories. A model that captured every single possibility would be impossible to work so we instead have several different simplifications of reality and try to see which one is most applicable currently. Unfortunately people tend to pick one theory and try to bash it into every problem that arises. The same way that armies fight the last war, economists fight the last recession."


There are many more issues at play here than just minimum wage. There is the fact the children aren't getting support from their father. There is the whole healthcare issue, which obviously needs addressing in the US. The is the issues with the education system that created someone with no discernible skills.   Minimum wage being inadequate is just one part of the problem.


"If you can't find anyone to lend you the shares, then you can't short. You can attempt to raise the interest rate at which you will borrow at, in order to entice others to lend you their shares. In practice, broadcasting this information is pretty convoluted. If there aren't any stocks for you to buy back, then you have to buy back at a higher price. As in, place a limit buy order higher and higher until someone decides to sell to you. This affects your profit. Regarding the public ledger: This functions different in different markets. United States stock markets have an evolving body of regulations to alleviate the exact concerns you detailed, but Canada's or Dubai's stock markets would have different provisions. You make the assumption that it is an efficient process, but it is not and it is indeed ripe for abuse. In US stocks, the public ledger has a 3 business day delay between showing change of ownership. Many times brokers and clearing firms and other market participants allow a customer to go short with fake shares, with the idea that they will find real shares within the 3 business day time period to cover the position. During the time period that there is no real shares hitting the market, this is called a ""naked short"". The only legal system that attempts to deter this practice is the ""fail to deliver"" (FTD) list. If someone fails to deliver, that means there is a short position active with fake shares for which no real shares have been borrowed against. Too many FTD's allow for a short selling restriction to be placed, meaning nobody else can be short, and existing short sellers may be forced to cover."


We don't know what his 10 O&G stocks are, if they're international companies, a war could move them in either direction. If they're North American, they could benefit from a positive price movement, but that also depends on the markets they sell into. A war doesn't guarantee all O&G equities will rise.


Its only a matter of time before Governments worldwide crack down on Bitcoin. Apart from using it for illicit purchases, money laundering or speculation based on its hard limited supply, what use does it have?   The transaction fees are much greater than other methods for small transactions, and its store of wealth is questionable given the vulnerability to hacking and volatility.


"I understand the answers addressing the question as asked. Yes, inheriting a 401(k) can be a convoluted process.  In general, it's best to transfer the account to an IRA after separation from the company to avoid the issues both of my esteemed colleagues have referenced.  Given the issue of ""allowed by not required"" the flexibility is greater once the account has been transferred to an IRA. With few exceptions, there's little reason to leave the account with the 401(k) after leaving that company.  (Note - I understand the original question as worded can mean the account holder passes while still working for the company. In that case, this wouldn't be an option.)"