Most biotech companies do not have a product they are selling.   They have a set of possible drugs that they are developing.     If any of these drugs get proven to be better than the current drugs they can be sold at a great profit. Therefore as soon as a biotech company proves a drug candidate is likely to pass large scale trials the company is often taken over by a large pharmaceutical company and is therefore no longer listed on the stock market. So mostly profit comes after the company stops being listed, therefore the profit will be negative for most biotech companies that are publicly traded.


You're saying that you're thinking of keeping 35% in cash? If you expect the market to plummet in the next few months and then head up again, this would be a smart strategy. Hold on to a bunch of cash, then when the market hits bottom buy, then as it goes back up collect your profits. In practice, the long-term trend of the market has been up for as long as there has been a stock market. Bear markets tend to be relatively short, usually just a few months or at most a year or two before the market gets back to where it was. If you are smart enough to predict when there will be a decline and how long it will last, you're smarter than 99% of the professionals, never mind the amateurs. Personally, I keep only trivial amounts of cash. Let's see, right now about 2% of my assets. If you're more active in managing your retirement accounts -- if you really watch the market on a monthly basis or more frequently and adjust your assets according -- it would make sense to keep a larger cash reserve and use it when the market goes down. But for the average person, I think it would be a big mistake to keep anywhere near 35% of your assets in cash. In the long run, you'll probably lose out on a lot of potential growth.


Moody's is now Mergent Online. It's no longer being printed, and must be accessed digitally. In order to browse the database, check with your local public library or university to see if you can get access. (A University will probably require you to visit for access).  Another good tool is Value Line Reports. They are printed information sheets on public companies that are updated regularly, and are convenient for browsing and for comparing securities. Again, check your local libraries.  A lot of the public information you may be looking for can be found on Yahoo Finance, for free, from home. Yahoo finance, will give financial information, ratios, news, filings, analysis, all in one place.


> Every single tiny company that's trying to hire you as a young coder will dangle the possibility of a massive upside later on  And as a freelancer or employee, it's **your** responsibility to get that 'massive upside' in writing.  If you don't, you only have yourself to blame. Nobody is going to hold your hand for you.


I get my credit scores from all three bureaus for free - no gimmick.  I use a combination of banks that offer this service to get my scores.  I wrote about this sometime back in my blog. For credit report, the only place to go is AnnualCreditReport.com.  I space it out so that I get one every 4 months since there is a once a year restriction per bureau.


He also fostered a management/workplace culture which now has exposed Uber to considerable liability (all the harassment, sexism, Greyball, IP theft/Waymo lawsuit, not vetting drivers properly, targeting journalists, etc).  All of this happened under his watch. And all of this did not suddenly happen within the last few weeks. All of the above is the result of a deeply rooted toxic culture. He had to go.


"This isn't so much a legal issue, the prohibition on giving discounts was written into the merchant agreements that most of the major credit card companies enforced on businesses that accepted their credit cards. That is, until the recent Financial Reform Bill (2010) passed Congress. It changes everything. (The logic on this is a little convoluted, so read carefully) Credit card companies can no longer prohibit merchants from requiring a minimum purchase amount to use a credit card. Meaning: That if merchants want to, they can now stop taking credit cards for a $4 latte. Credit card companies can no longer prohibit merchants from giving discounts for cash. Here is an article with a lot more detail: Financial Reform Bill Good News for Credit Card Holders Here is a link to the actual bill details and content: HR 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act Here is the relevant part: This subsection is supposed to take affect ""at the end of the 12-month period beginning on the date of the enactment of the Consumer Financial Protection Act of 2010."" In other words, July 21st, 2011."


Yes you need to pay Capital Gains tax in India. Further transfer of money out of India from Ordinary account requires some formalities / paperwork. A CA should be able to guide you.


One simplest way is to to do Forex trading. You can do this by buying Foreign Currency Futures when you feel Rupee is going down or by selling those Futures when you feel Rupee will go up.


Some non yourh have to work those jobs while the youth are in school. So they would have to hire at least a few older people. Just like me because of high school i can only work around 30 hours a week but full time would be an extra 10 hours.


It seems very risky have all of your net worth in this one home. If I were to buy the house, I'm not sure I would put that much down, consider 20% and keep cash on hand, in retirement assets, etc. I would look at how much a mortgage, plus interest, taxes, insurance, etc. would cost with 50% down and with 20% down and see how that impacts your cash flow. Renting may make more sense, it's hard to tell without more specifics (NYTimes Rent/Buy calculator is a nice tool), but regardless, I would not want to have so much net worth tied into one asset and so would opt for less money down if I were to buy. Focus on rebuilding some retirement assets.


"Exercising an option early if you can't sell the underlying stock being purchased is generally not advisable. You're basically locking in the worst price you can possibly pay, plus you're losing the time value on your money (which is, admittedly fairly low right now, but still). Let's say you have a strike price of $50.  I get that you believe the stock to be worth more than $50.  Let's assume that that's probably, but not certainly right. Whether it's worth $51, $151, or $5,100 when your options are going to expire, you still get the profit of $1, $101, or $5,050 if you wait until expiration and exercise then.  By exercising now, you're giving up two things: The interest on the money you pay to exercise from now until expiration. The guarantee that you can't lose anything.    If you buy it now, you get all the upside above your strike, but have all the downside below it. If you buy it later (at expiration), you still have all the upside above your strike, but no downside - in the (assumed to be unlikely) event that it's worth less than the strike you can simply do nothing, instead of having something you bought at the strike that's worth less now and taking that loss.  By exercising early, you take on that loss risk, and give up the interest (or ""carry"" on the money you spend to exercise) for no additional updside. It's possible that there are tax benefits, as other posters mention, but the odds that ""starting the clock"" for LTCG is worth as much as the ""optionality"", or loss protection, plus the ""carry"", or interest that you're giving up is fairly unlikely."


One way to analyze the opportunity cost of using a 401K loan would be to calculate your net worth after using a 401K loan.  If your net worth increases then the 401K loan would be advisable.  Note that the calculations provided below do not take into account tax considerations. A net worth calculation is where you add all your assets and then subtract all your liabilities.  The resulting number is your net worth. First, calculate the net worth of not taking the loan and simply paying the credit card interest.  This means you only pay the interest on the credit card.  In addition to the parameters identified in your question, two additional parameters will need to be considered: Cash and the market rate of return on the 401K. Scenario 1 (only pay credit card interest): After 12 months all you have paid is the interest on the credit card.  The 401K balance is untouched so it will hopefully grow.  The balance on the credit card remains at the end of 12 months. Scenario 2 (use 401K loan to pay credit card balance): You borrow $5,000 from your 401K to pay the credit card balance.  You will have to pay $5,000 plus the 401K interest rate back into your 401K account. Use the following equation to determine when Scenario 2 increases your net worth more than scenario 1: Thus, if your credit card interest rate is greater than the rate you can earn on your 401K then use the 401K loan to pay off the credit card balance. Another scenario that should be considered: borrow money from somewhere else to pay off the credit card balance. Scenario 3 (external loan to pay credit card balance): You borrow $5,000 from somewhere besides your 401K to pay off the credit card balance. The following is used to determine if you should use an external loan over the 401K loan: This means you should use an external loan if you can obtain an interest rate less than the rate of return you can earn on your 401K.  The same methodology can be used to compare Scenario 3 to Scenario 1.


Instituting such a rule will not increase the amount of research papers and academic articles posted, it will only remove some posts from the sub.  I don't think this sub has enough activity for such a rule to actually change much.


"If there's indeed no reason to trust GS, i.e. those are just guides   then the question is: Why do investors seem to care? Because there's a reason to trust. You're just reading the bottom line - the target price range. More involved investors read the whole report, including the description of the current situation, the premises for the analysis, the expectations on the firm's performance and what these expectations are based on, the analysis of how the various scenarios might affect the valuation, and the evaluation of chances of these scenarios to occur. You don't have to trust everything and expect it to be 100% correct, analysts are not prophets. But you do have an option of reading their reports and critically analyzing their conclusions. What you suspect GS of doing (""I tend to believe those guys just want themselves a cheap buy price a few days before Q2 earnings release"") is a criminal offence."


Ah, Swedish cars.  My old 240 had some of the most ridiculous electrical problems ever.  It ate headlights and taillights like they were going out of style, and when one did go out, instead of lighting up the 'headlight' indicator, it would just light EVERY indicator up in the row (making it look like the car was about to explode).   That being said, that thing went through hell and back.  RIP.


It was interesting to read the data regarding student loans, and the type of impact it has had to borrowers. The Fed did not necessarily signal the economy is in trouble, but a great deal of households don't have adequate savings to sustain against a moderate financial shock.


"I am reminded of a dozen year old dialog. I asked my 6 year old, ""If we call a tail a leg, how many legs does a dog have?"" She replied, ""Four, you can call it anything you want, but the dog still has four legs.""  Early on in my marriage, my wife was heading out to the mall, and remarked that she was ""going to invest in a new pair of shoes."" I explained to her that while I was happy she would have new shoes to wear, words have meaning, and unless she was going to buy the ruby red slippers Dorothy wore in the Wizard of Oz, or Elvis' Blue Suede Shoes, her's were not expected to rise in value and weren't an investment. Some discussion followed, and we agreed even the treadmill, which is now 20 years old, was not an 'investment' despite the fact that it saved us more than its cost in a combined 40 years of gym memberships we did not buy.  In the end, no one who is financially savvy calls a lottery ticket an investment, and few who buy them acknowledge that it's simply throwing money away."


Speech is free. In and of itself it does not justify an investigation. Evidence does, and by all verifiable accounts there is no evidence of wrongdoing...otherwise they wouldn't need Meuhler to fish for it in completely irrelevant Trump family financial records from years before the election.  Here's some more data:  http://nypost.com/2017/08/15/new-report-claims-dnc-hack-was-an-inside-job-not-russia/  What does your imagination tell you this Russian collusion that supposedly took place looked like?


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"There is no numerical convention in finance that I have ever seen.  If you look at statements or reports that measure growth when the starting value is negative or zero, you typically see ""n/a"" or ""-"" or ""*"" as the result.  Any numerical result would be meaningless.  Suppose you used 100% and another company had a legitimate 150% gain - where would the 100% change rank? What do my manager and investors expect to see? As a financial analyst - I would not want to see 100%.  I would instead rather see something that indicates that the % change is meaningless.   As an example, here's the WSJ documentation on change in Net Income: Net Income percent change is the change from the same period from a year ago. Percent change is not provided if either the latest period or the year-ago period contains a net loss.  Thinking about it in another context: Yesterday you and your friend had no apples. Today you have 1 and your friend has 20.  What percentage increase did you both have? Did you both have a 100% increase? How can you indicate that your friend had a larger ""increase""? In that case (and in finance), the context needs to turn from a percentage increase to an absolute increase.  A percentage increase is that scenario is meaningless."


"Your wages are an expense to your employer and are therefore 100% tax deductible in the business income.  The company should not be paying tax on that, so your double-tax scenario, as described, isn't really correct. [The phrase ""double taxation"" with respect to US corporations usually comes into play with dividends.  In that case, however, it's the shareholders (owners) that pay double.  The answer to ""why?"" in that case can only be ""because it's the law.""]"


Yes, you are. When someone is bankrupt their assets are being sold to satisfy the creditors. Your note is an asset, and will be sold. You'll be making payments to the entity that buys it.


The hell are you talking about? Yahoo doesn't own Alibaba. They owned a stake in the company they got in 2005, long before Mayer had anything to do with the company. Mayer sold off $7B of this stake in 2012, and kept ~$1.3B of that to finance more idiotic acquisitions where she'd overspend and then lay off all the staff and shut down the products she bought.


"A ""covered put"" of the form of being short, and buying at the strike price if the ""put ... is put"" (excercise), is off the table simply because you can't do shorts in the retirement account. Even if you feel you ""win"" the argument that you're hedged by being short, any broker can say, ""we simply forbid shorts"" and that's that. A ""covered put"" of the form of posting the cash, and spending it to buy at the strike price if the ""put ... is put"" (excercise), might be forbidden by brokerages because, frankly, how do you account for the ""dedicated"" cash? Is it locked down like margin is, or escrow, or what? I don't know offhand how I would address that in my very own firm. Thus, any broker could say, ""we forbid it"" and that's that. The other answers are very interesting in conjunction with this. JoeTaxpayer says, very paraphrased, 'just cuz it's legal doesn't mean we have to offer it.' Jaydles says (again, completely paraphrasing), 'complex stuff for a safe little retirement savings account;' 'difficult to administer' (as I said, how do you account for it); and 'tradition' So maybe look at Scott, per Thorn's answer, LOL. It appears that you can shop around on this issue."


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Summarized article: With declining sales over the last 6 years, Sears is now testing new store designs in Chicago, New York, Los Angeles and Dallas locations.   The revamping initiative is part of new Merchandising Chief Ron Boire's efforts to recapture customers lost to Wal-Mart and Target.   The store redesign will include placing best selling products, such as the Kardashian family clothing line, prominently near the entrance to the mall and cashier stations will be smaller and located throughout. Stores will also be less packed with merchandise so products will be easier for customers to find.    Additionally, Sears' website and social media sites will be revamped to make them more personalized with local ads as well as offer a customer loyalty program.  *For more summarized news, subscribe to the [/r/SkimThat](http://www.reddit.com/r/SkimThat) subreddit*


"I would suggest you forget everything you learned in economics. The only applicable knowledge is Accounting 101.  Step 1: An accrual basis financial statement. There is no step 2 if you don't do this. Most small business do everything cash basis. Simpler, cheaper but useless for analysis. You would get better answers from the local fortune teller than a cash basis statement.   Make one change from the general rules. If you have debt or are paying interest for inventory include that in your cost of sales. This is actually proper but the rule is little known and often ignored. Interest on debt up to the amount of inventory is a cost of inventory.  Step 2: Gross profit. If you seem to be working hard and still losing money it may be because you are selling products for less than they cost you. In this case the more you sell the more you lose. So suggestions like advertising or doing anything to increase sales are actually destructive.  Step 3 Price products at the level necessary to turn a profit at current sales and overhead. 'When we have enough sales we will make a profit"" is the philosophy of a start up business. It is toxic for a going concern.  Step 4 If sales are unsustainable at the price that produces a profit have the courage to sell or close the business. I have seen people waste their lives on futile endeavors just because they can't make that tough decision.  Finally Step 0: Ignore all other suggestions but this. They are well meaning but ill informed. To reiterate, growing sales while losing money on every transaction is a huge mistake. Trends, books, charts and graphs, analytics and market research are the tools of con-men and fortune tellers. Business is arithmetic and nothing more or less.  FYI if I don't get at least one upvote, this is the last time I am giving my valuable professional advice away for free on reddit. Folks will have to rely on the suggestions of their fellow college kids."


This world is not run by the best and the brightest.  It is run by the people who can get the best and the brightest to do what they want them to.  Humans are almost as easily manipulated as code, and not only far more lucrative, much more able to affect change in the world.


"Though it seems unintuitive, you should rationally ignore the past performance of this stock (including the fact that it's at its 52-week high) and focus exclusively on factors that you believe should affect it moving forward.  If you think it's going to go up even further,  more than the return on your other options for where to put the money, keep the stock.  If you think it's peaked and will be going down, now's a good time to sell. To put it another way: if you didn't already have this stock, would you buy it today? Your choice is just about the same: you can choose between a sum of cash equal to the present market value of the shares, OR the shares.   Which do you think is worth more? You also mentioned that you only have 10 stocks in the portfolio.  Some are probably a larger percentage than others, and this distribution may be different than what you want in your portfolio.  It may be time to do some rebalancing, which could involve selling some shares where your position is too large (as a % of your portfolio) and using the proceeds toward one or more categories you're not as invested in as you would like to be.  This might be a good opportunity to increase the diversity in your portfolio. If part of your reward and motivation for trading is emotional, not purely financial, you could sell now, mark it as a ""win,"" and move on to another opportunity.  Trading based on emotions is not likely to optimize your future balance, but not everybody is into trading or money for money's sake.  What's going to help you sleep better at night and help boost your quality of life?  If holding the stock will make you stress and regret a missed opportunity if it goes down, and selling it will make you feel happy and confident even if it still goes up more (e.g. you interpret that as further confirming that you made a good pick in the first place), you might decide that the risk of suboptimal financial returns (from emotion-based trading) is acceptable.  As CQM points out, you could also set a trailing sell order to activate only when the stock is a certain percentage or dollar amount below whatever it peaks at between the time you set the order and the time it fires/expires; the activation price will rise with the stock and hold as it falls."


Without providing direct investment advice, I can tell you that bond most assuredly are not recession-proof.  All investments have risk, and each recession will impact asset-classes slightly differently. Before getting started, BONDS are LOANS.  You are loaning money.  Don't ever think of them as anything but that. Bonds/Loans have two chief risks: default risk and inflation risk.   Default risk is the most obvious risk. This is when the person to whom you are loaning, does not pay back.  In a recession, this can easily happen if the debtor is a company, and the company goes bankrupt in the recessionary environment. Inflation risk is a more subtle risk, and occurs when the (fixed) interest rate on your loan yields less than the inflation rate.  This causes the 'real' value of your investment to depreciate over time.   The second risk is most pronounced when the bonds that you own are government bonds, and the recession causes the government to be unable to pay back its debts.  In these circumstances, the government may print more money to pay back its creditors, generating inflation.


Most patterns can be used on various time frames. For example you could use candle stick reversal patterns on monthly charts, weekly charts, daily charts or intra-day charts like one hour, or even one minute charts. Obviously if you are looking for longer term positions you would be looking at daily, weekly or monthly charts and if you are looking for shorter term positions you would be looking at intra-day to daily charts.  You can also use a combination of time frames - for example, if you are trying to enter a trade over a long-term uptrend you could use a weekly chart to determine if the stock is currently uptrending and then use a daily chart to time your entry into the trade. Most patterns in general don't really determine how long you will be in the trade but instead usually can provide an entry trigger, a stop loss location and possibly a profit target.  So in general a pattern which is being used to enter into longer term trades on weekly charts can also be used to enter shorter term trades on intra-day charts.


You're correct. The VIX price is calculated based on the price of all of SPX options which are expiring (IIRC 2) weeks after the expiration of that VIX contract. It's an index measuring implied vol not realized vol.  VIX futures/options are calculated slightly differently than the VIX index.


I would think that the real teeth here would be the IRS, should they look into it (and they should).  Splitting paychecks to avoid overtime also reduces taxes paid, which is large scale tax fraud, which generally leads to a sentence in gently-caress-my-bum-Federal-Penitentiary.


This sort of thinking is one of the problems with economics. It's way too simplistic, and unrepresentative of how a company works. No company increases the price of a product because they hired a more expensive employee, unless said employee is dead weight.   It might be a process engineer, that right now costs the company a bit more, but 12 months down the line will improve production efficiency by at least the value of his salary. And if they improve it more, by say 200% of their salary? Product price stays the same, he gets a pat on his back from the boss, and the company increases it's profits.   And what usually happens when you nickel-and-dime your employees? They lose engagement and interest, or worst, they hire a shit employee for a shit salary and get little to no benefit from hiring.


I don't see how anything you said contradicted anything I said. Those countries are still highly social-democratic, no? They are hardly as deregulated as the US, their governments provide things like universal health care, free or near-free post-secondary education, and they have regulations providing more vacation and other time off, they follow the precautionary principle wrt pollution, and so on. None of these things are being eliminated or in danger of such.


"Monopolies don't always charge more than a competitive market, this is true, but it's still anti-competitive to have a monopoly, regardless if the consumer ""benefits"" from a lower price.  I think it's important to breed competition, even in the rare cases where consumers might benefit from a lower price (In the long run, innovation would be stifled and consumers could be worse off).  I just wanted to add that comment to the discussion. I don't think it applies to this scenario, because Amazon and Whole Foods make up a whopping 3% of the retail grocery market."


Unissued capital is only a token restriction. When a company is incorporated a maximum number of shares is specified in the legal documentation. Most companies will make this an extremely large number so they never face that limitation.  See here. You wouldn't necessarily expect the stock price to change. The reason a company issues new stock is as a way to raise capital. Although new stock is issued, the cash raised by the sale becomes an Asset on the company's balance sheet.  There's a good worked example in this Wikipedia article. Following a rights issue the Liabilities of the company will increase to account for the increase in owner's equity, but the Assets will also increase by the same amount with the cash received. Whether the stock price changes will depend upon what price the stock is issued at and on the market's opinions about the company's growth potential now it has new capital to invest.  If the new stock is issued at the same price as the current market price, there's no particular reason to expect the share price to change. Again Wikipedia has more detail. When new stock is issued it is usually offered to existing shareholders first, in proportion to their current holding.  If the shareholder decides to purchase the new stock in full then their position won't be diluted.  If they opt not to buy the new stock, they will now own a smaller percentage of the company as their stocks will make up a smaller part of the now larger number of shares.


"I don't know what angle you're trying to push or why, but are you also saying that Kenichi Ueda of the IMF and Beatrice Weder Di Mauro of the University of Mainz are similarly lacking the understanding of financial concepts when they published a [paper](http://www.imf.org/external/pubs/ft/wp/2012/wp12128.pdf) ""Quantifying Structural Subsidy Values for Systemically Important Financial Institutions""?  Are you suggesting a similar ""entire shaker of salt"" when they ""estimate[d] the structural subsidy values by exploiting expectations of state support embedded in credit ratings and by using long-run average value of rating bonus""?  Should we really be so skeptical when they conclude:  >Section III has provided estimates of the value of the subsidy to SIFIs in terms of the overall ratings. Using the range of our estimates, we can summarize that a one-unit increase in government support for banks in advanced economies has an impact equivalent to 0.55 to 0.9 notches on the overall long-term credit rating at the end-2007. And, this effect increased to 0.8 to 1.23 notches by the end-2009 (Summary Table 8). At the end-2009, the effect of the government support is almost identical between the group of advanced countries and developing countries. Before the crisis, governments in advanced economies played a smaller role in boosting banks’ long-term ratings. These results are robust to a number of sample selection tests, such as testing for differential effects across developing and advanced countries, for both listed and non-listed banks, and also correcting for bank parental support and alternative estimations of an individual bank’s strength.  I ask because this article is founded on that study - linked to by Bloomberg which is then linked to in OP's Huffpo article.  While you can certainly claim that Mark Gongloff ""shows a basic lack of understanding"" of whatever, why don't you put some skin in the game and demonstrate how he somehow misses the entire point of that study, or better yet really wow us by de-bunking that study."


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Anyone in the financial sector understands how tightly correlated federal policy changes and actions affect us.  Trillions of dollars are at risk depending on the ebb and flow of congressional mandate. I don't see a problem with having political fact or founded opinions discussed logically inasmuch as they aren't coupled with the taint of some of the garbage on ZH or other rags.    I like the rules as stated, the downvote button serves a purpose and (at least in our little community) serves it well.


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dafuq did I just read.  I think this would be better explained with an excel chart because I have no idea what you just wrote.   Can you please use real numbers in a possible hypothetical case study.  I'm absolutely terrible at thinking theoretically.


"Donations, particularly those in the context of you providing a free service (software, libraries, etc.) are a notable grey area in tax code. Simply naming a button ""Donate"" doesn't necessarily classify the money transfer as a ""gift"". The IRS can decide that it's money you're being paid to continue your excellent work/service, making it taxable income (unless you're a registered non-profit organization). In the instance of Patreon, and many other crowd-funding services, you're providing a certain level of ""service"" for each tier of donations (such as early access or something, I'm not sure what you're offering), which means they're receiving consideration for their donations, which most likely makes it fall into taxable income (again, unless you're a registered non-profit organization). State tax law is even more convoluted, and you should consult your tax professional for clarification on your specific situation."


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"I think this phrase originates from when it was common to have an assumable mortgage.  In that case, you would ""take over payments"" and the loan would become yours.   From Investopedia: Assumable Mortgage: A type of   financing arrangement in which the   outstanding mortgage and its terms can   be transferred from the current owner   to a buyer. By assuming the previous   owner's remaining debt, the buyer can   avoid having to obtain his or her own   mortgage."


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The hard work of working class men and women is what has made modern industry and business possible.  Unions are legal so forming one isn't going against the rule of law, and if they weren't we would of never have gotten the things we enjoy today as workers like the 8 hour day and the ban on child labor. People are not willing to be relegated to the status of serfs and will retaliate, within the legal system if they can but if they can't desperate people have been known to resort to incredible measures.


">Title leads one to believe that one complaint call cost a company four million bucks.  Actually the title is ambiguous; it merely implies that the complain call was *worth* $4 million.  You chose to *infer* that the end result was a ""cost"" rather than a ""gain""."


">I'm curious to know if you or any of your relatives have ever been declared as being mentally ill or having a psychological disorder.   There ARE (but only a handful) some valid ""mental illnesses"" -- but by and large the DSM is filled with little more than ""social scams"".  And as far as anecdotes, I have known quite a few people who have been ""diagnosed"" with a wide variety of so called ""disorders"" -- most of them are quite happy to accept the label, as it can then be used as a justification for their behavior and/or for claiming benefits and malingering. (No one ever said that psychology wasn't a ""useful"" fraud -- a lot of people believe and think it to be quite ""useful"" -- just as a lot of other people think astrology is.)  >If most of psychology is all BS, then that just makes everyone else stupid for spending all of their money to get ""treated."" And, really if we are that stupid (stupid enough to believe such a huge lie) I would then agree with the (25% of americans suffer from mental illness) statement because you have to be pretty stupid to be told such a huge lie and not figure it out.   And... whoever claimed that the majority of the human population were anything *but* easily duped idiots?  I certainly never have.  >Another thing: if it is so easy to tell that psychology is a scam, then why is there (in general) cross-field(scholars from physics, biology, history, language, medicine, etc) acceptance of psychology as a science?   Chiefly because the majority of people in those other sciences (even the hard sciences) are rather dumb and easily duped themselves (most are mediocrities who have only ""rote"" knowledge of their own fields) -- and just as with religions, psychology/psychiatry offers a eclectic mixture of theoretical bases that they accept or reject on an ad hoc anecdotal basis, mostly without even any superficial investigation much less anything more thorough. (And in the cases where someone HAS investigated the claims/theories, the are often very easily debunked -- Cf John Ioannidis' work.)  Add in that many drugs & substances (which pre-existed psychology & psychiatry) ARE in fact effective in changing thoughts and behaviors (duh! that's like saying water is ""wet"") -- and which have become the main ""tool"" (and then via a pragmatic extrapolation used to create a ""causal"" theoretical basis -- the whole ""brain chemical imbalance"" malarkey -- even though there is no objective evidence to validate the theory {beyond the affect of the drugs which cannot be independent evidence, since that would be tautological -- like saying the reason water is ""wet"" is because of it's ""wetness properties""})."


I've noticed NPR take this turn over the last year.  The Kochs are a big ad revenue source for them,  and they've been astroturfing stories on everything right-leaning from interviewing Bannon apologists with no rebuttal to fawning over Koch brothers attempts to produce propaganda.


Oh it definitely makes sense on a state level and from my experience working taxes I would say it is much more prevalent to the extent I would have to bet every Fortune 1000 company does it.  You can completely eliminate State Income Tax in many states (although states are rapidly closing the loopholes) which at corporate tax rates for most states between 6 and 8% this turns into a lot of money.


Residential Construction at 362x, by the way. I'm going to hazard a guess here - Say XYZ corp trades at $100, and it's showing a normal earnings of $10 the last few years. Its industry falls on hard times, and while it makes enough to keep its doors open, profits fall to $1. The company itself is still sound, but the small earnings result in a high P/E. By the way, its book value is $110, and they have huge cash on the books along with real estate.  I offer these details to show why the price doesn't drop like a rock.  Now, biotech may be in a period of low reported earnings but with future results expected to justify the price. On one hand it may be an anomaly, with earnings due to rise, or it may be a bit of a bubble. An analyst for this sector should be able to comment if I'm on the right track.


You should learn about it. Its a great program. Doctors in their residency or fellowship are on a J1 Visa. The J1 visa says they must leave the US and go home for two years before returning to the U.S. So to say foreign doctors affecting supply is not accurate. Its actually a crazy harsh rule that protects American doctors and artificially keeps Americans wages higher, because you know, the foreign doctor has to go home even if they are the best in your class. So your point about immigrants keeping wages low may be true in other cases like Tech. The problem occurs when the American doctors want to serve in metro areas with good homes, good private schools for their kids, communities, and hipster restaurants and art museums. So even though the American doctors are protected, even though Ameri an graduates wages are artifically higher because half their class was sent back to india, most of the US wont get an American born doctor even if they wanted one.  So if you're a state like Iowa, or Nebraska, or the Dekotas, and you have no major attractions to lure doctors, no art musems, no operas houses, and major shortages of doctors in your area the federal gov't gives each state 30 waivers. So if you're a hospital a couple miles outside of des moines, Iowa, it doesn't make sense to send a perfectly well trained cardiologist home  to India when you need one now. Otherwise your 20,000 people don't have a heart doctor. A program to protect American workers from foreign workers actually leads foreign workers to protect americn lives. In addition, your point about wages is wrong. Rural areas across the US pay the most because they are the most desperate. The supply of doctors wanting to practice in LA, Chicago,New York is very high, so the compensation is actually low. Its the rural doctors in small town America making in the 90th percentile. Many of them reject the great money on offer because who wants go practice in a town in the middle of nevada. The numbers are produced by MGMA. Your point about medical schools not increasing class sizes in correct. That is a problem. However, that is not without consequence. We have seen Nurse Practitioners scope of medicine begin to creep into family doctors scope to med schools refuse to increase class sizes. So because their is such a shortage, practices and clinics now are hiring NP's which affects supply and hurts wages of primary care doctors. So foreign doctors are not causing wages to go down. Infact, if you were an American family doctor your main worry is American nurse practitioners. MGMA provides all the data on this for you to enjoy lol in summary, i get it. I own a business. Supply and demand is everything. But with medicine its complicated. Small town Alabama needs a doctor too. Sunjab, whos actually a world class neurosurgeon that could be working at the Mayo Clinic chooses to practice in small town Alabama just to stay here. That small town gets a doctor! Sunjab doesnt have to go home. Foreigners are not always the enemy of capitalism. Sometimes they keep it alive. Pay attention next time you are in a small town. That foreign doctor is probably awesome!


The best advice I can give you is to ignore gold right now. You really don't and can't have all the information you would need to support an argument for shorting gold.  How much fiat cash have the central banks injected into the word economy? Billions? Trillions? Tens of Trillions? Maybe not much at all as the banks repay overnight?   Anyway.. Without going on a full on rant why would you touch gold on a short? I can understand speculating on long position based on all the news out there but I'd hesitate to be a contraian in this market.  Just find a nice little company that makes money, has a good product and a pretty little balance sheet. It will take longer to research but fuck if I'm betting on a huge drop in gold any time soon.  What reasons do you have to believe gold is headed for any significant slide?


Earnings per share are not directly correlated to share price. NV Energy, the company you cited as an example, is an electric utility. The growth patterns and characteristics of utilities are well-defined, so generally speaking the value of the stock is driven by the quality of the company's cash flow. A utility with a good history of dividend increases, a dividend that is appropriate given the company's fiscal condition, (ie. A dividend that is not more than 80% of earnings) and a good outlook will be priced competitively. For other types of companies cash flow or even profits do not matter -- the prospects of future earnings matter. If a growth stock (say Netflix as an example) misses its growth projections for a quarter, the stock value will be punished.


Invest in an etf called SPXS and hope for a market correction in the next month. Or if you know a lot about markets and trends, select from this list of leveraged etfs available from Direxion.


There are certainly bumps along the way. But any combination of these methods can produce positive results. I have been chasing each of these for my whole career, some with more success than others. But i'm still chipping away at it.


"Worksheets/ Documentation: (From my experience filing my business deductions through several tax preparers.) Keep all your calculations, but only submit the calculations and worksheets requested by the tax form. Most travel deductions are just a category total. If the IRS wants more info, it will ask for it. Information from the book Home Business Tax Deductions (from Nolo) (2012): Traveling with kids: In chapter 9 (""Leaving Town: Business Travel""), in the section ""Taking People With You"", it specifically discusses your situation. Paraphrasing, it says that you can deduct the amount any eligible expenses would have cost you if you were traveling without your kids. So, you can deduct the cost the smaller hotel room that you and your wife would have normally rented if you were alone.  How your side trips affect your business deductions: According to the book, since you spent 50% or more of your time on business activities while traveling in the U.S.: Deducting meals shared with your kids: You can deduct meals as either entertainment or travel expenses.  I would recommend you buy one of Nolo's books on deductions, as it goes into much more detail than I do here."


What it means is that the stock has already moved down. Options and other derivatives follow the price of the underlying they are not a precursor to what the underlying is going to do. In other words, the price of a derivative is derived from the underlying.


Well i'm not saying it will be terrible, i could have said this wrong but it might be terrible. Dollar is not the international currency just in oil but mostly everything. Different countries uses dollar to trade, this is one of the core reasons of US economy being the strongest. US should not be tolerant about this sort of stuff since if this trend continuous it could be disastrous.


"If you really like problem solving, have you looked into consulting? Management consulting companies love hiring engineering/science/math majors because of the skill set. [If you are potentially interested in the more ""pure"" finance careers, i.e. banking/trading, the previous advice is sufficient]"


Solar water heaters are definitely worth the money (if you live in sunny states like South-South-West or Hawaii, at least). In some countries (like Greece, Cyprus and Israel, to name a few) most people use hot water from the solar heaters almost exclusively. I pay $30-$40 a month to PG&E for the privilege. Unfortunately, in the US these heaters are much more expensive than they are in the more advanced European countries, so all the savings go to drain because of the vast price difference ($300 for a gas heater vs $2000 for a solar heater).


I am 22 and was asking the same questions at age 18. I first started by getting a small credit card and paying it off before the end of each month. I use this credit card for groceries/gas small expenses. Then when I built up my credit more I then began to look for loans for expensive cars. The first being around 22k, the second around 41k. You may want to look at buying a much cheaper car. I would suggest that you look into starting a small credit card and get into a habit of paying it off every month and paying off your loans.  I would suggest saving as much money as possible to buy a car, the less amount of money you need to borrow the better. Having good credit is great, but nobody turns down people who wish to buy with cash.


"It's been said before, but to repeat succinctly, a company's current share price is no more or less than what ""the market"" thinks that share is worth, as measured by the price at which the shares are being bought and sold. As such, a lot of things can affect that price, some of them material, others ethereal. A common reason to own stock is to share the profits of the company; by owning 1 share out of 1 million shares outstanding, you are entitled to 1/1000000 of that company's quarterly profits (if any). These are paid out as dividends. Two key measurements are based on these dividend payments; the first is ""earnings per share"", which is the company's stated quarterly profits, divided by outstanding shares, with the second being the ""price-earnings ratio"" which is the current price of the stock divided by its EPS. Your expected ""yield"" on this stock is more or less the inverse of this number; if a company has a P/E ratio of 20, then all things being equal, if you invest $100 in this stock you can expect a return of $5, or 5% (1/20). As such, changes in the expected earnings per share can cause the share price to rise or fall to maintain a P/E ratio that the pool of buyers are willing to tolerate. News that a company might miss its profit expectations, due to a decrease in consumer demand, an increase in raw materials costs, labor, financing, or any of a multitude of things that industry analysts watch, can cause the stock price to drop sharply as people look for better investments with higher yields. However, a large P/E ratio is not necessarily a bad thing, especially for a large stable company. That stability means the company is better able to weather economic problems, and thus it is a lower risk. Now, not all companies issue dividends. Apple is probably the most well-known example. The company simply retains all its earnings to reinvest in itself. This is typically the strategy of a smaller start-up; whether they're making good money or not, they typically want to keep what they make so they can keep growing, and the shareholders are usually fine with that. Why? Well, because there's more than one way to value a company, and more than one way to look at a stock. Owning one share of a stock can be seen quite literally as owning a share of that company. The share can then be valued as a fraction of the company's total assets.  Sounds simple, but it isn't, because not every asset the company owns has a line in the financial statements. A company's brand name, for instance, has no tangible value, and yet it is probably the most valuable single thing Apple owns. Similarly, intellectual property doesn't have a ""book value"" on a company's balance sheet, but again, these are huge contributors to the success and profitability of a company like Apple; the company is viewed as a center of innovation, and if it were not doing any innovating, it would very quickly be seen as a middleman for some other company's ideas and products. A company can't sustain that position for long even if it's raking in the money in the meantime. Overall, the value of a company is generally a combination of these two things; by owning a portion of stock, you own a piece of the company's assets, and also claim a piece of their profits. A large company with a lot of material assets and very little debt can be highly valued based solely on the sum of its parts, even if profits are lagging. Conversely, a company more or less operating out of a storage unit can have a patent on the cure for cancer, and be shoveling money into their coffers with bulldozers."


Simply staying out of debt is not a good way of getting a good credit score.  My aged aunt has never had a credit card, loan or mortgage, has always paid cash or cheque for everything, never failed to pay her utility bills on time.  Her credit score is lousy because she has never had any debts to pay off so there is no credit history data for her.  To the credit checking agencies she barely exists.  To get a good score (UK) then get a few debts and pay them off on time.


I feel crazy and unproductive and I think my time in service has a lot to do with it. I have no clue where to go, my previous experiences with the VA led nowhere. Do you know where  I can go other than the VA?


"People were highly suspicious of stuff like vaccines at first. But that's pretty much standard for the developed world now. If everybody does it, then it will be cheap (mass production). It will probably even be government provided like public education. We have some basic ""enchancements"" like contact lenses and glasses to fix our vision and dental work to fix our teeth. I'm sure many handicapped people would want enhanced arms or legs, whether it is an endoskeleton or engineered muscle or whatever, if it will allow them to walk and use their limbs.  And if you think about the amount of pills ordinary people take these days (cholesterol, blood pressure, blood sugar, sexual performance or birth control), we are already getting a lot of chemical enchancements. Life expectancy didn't go up about 20 years for no reason. All natural means having no teeth and dying in your 20s-30s."


I mean I have no criminal record, I don't do drugs, and I'm a stand up employee (no missed days, no write ups, outstanding on every review) but they did do a Credit check. I have a bankruptcy on my report from a couple years ago, but I'm not going to have a job dealing with money, so I'm not sure they'll even look at mine. Maybe it's just a universal thing?   Should I just tell me boss that I accepted an offer and to expect their call, however I'm NOT putting in a notice at this time?


Food Stores are communal places too. Its where i meet half my local town folk. Might be different in cities, but im not going online to shop for food. I also wanna check the quality of produce before i buy it.


"1. Medicare Part-D is not Trump fault, for, at least, the last 8 years. Trump wants the national health care system to work, cheaper and better. **But, still, you have to be against Trump despite him yet to do anything about this and not able to do anything because of Democrats and some betraying Republicans.**  2. Global Warming, is the exact same thing. Not Trump fault. The Paris Accords are not fair to the USA, so that's the end of them. Trump is not against anything that reduce pollution and emissions.  I see who I have to deal here with: you are true member and zealot of the Church of Climatology.  And you just did the work yourself to prove what I just said.  >>Do you have any idea what will happen in the world, 20-30 years from now, when we stop raising cows, pigs, goats and sheep?  > That would be great but that won't be enough to stop global warming. It is also may never come to pass so it is a bad idea to do nothing today expecting technology to fix our problem tomorrow.  So on one hand you say technology will not stop ""global warming"" and on the other hand you want to use technology to stop ""global warming"".  Make up your mind!  If global warming is man-made, then technology caused it and technology will solve it.  > President Trump should be implementing a plan and taking steps to minimize the damage in the future. Instead he is ignoring the problem and rolling back what few preparations Obama made.  You just made it up! Trump is against stopping pollution and emissions? Or, again, you just concentrate on the terrible Paris Accords rejected by Trump?"


"The policy you quoted suggests you deposit 6% minimum. That $6,000 will cost you $4,500 due to the tax effect, yet after the match, you'll have $9,000 in the account. Taxable on withdrawal, but a great boost to the account.  The question of where is less clear. There must be more than the 2 choices you mention. Most plans have 'too many' choices. This segues into my focus on expenses. A few years back, PBS Frontline aired a program titled The Retirement Gamble, in which fund expenses were discussed, with a focus on how an extra 1% in expenses will wipe out an extra 1/3 of your wealth in a 40 year period. Very simple to illustrate this - go to a calculator and enter .99 raised to the power of 40. .669 is the result. My 401(k) has an expense of .02% (that's 1/50 of 1%) .9998 raised to the same 40 gives .992, in other words, a cost of .8% over the full 40 years. My wife and I are just retired, and will have less in expenses for the rest of our lives than the average account cost for just 1 year.  In your situation, the knee-jerk reaction is to tell you to maximize the 401(k) deposit at the current (2016) $18,000. That might be appropriate, but I'd suggest you look at the expense of the S&P index (sometime called Large Cap Fund, but see the prospectus) and if it's costing much more than .75%/yr, I'd go with an IRA (Roth, if you can't deduct the traditional IRA). Much of the value of the 401(k) beyond the match is the tax differential, i.e. depositing while in the 25% bracket, but withdrawing the funds at retirement, hopefully at 15%. It doesn't take long for the extra expense and the ""holy cow, my 401(k) just turned decades of dividends and long term cap gains into ordinary income"" effect to take over. Understand this now, not 30 years hence.  Last - to answer your question, 'how much'? I often recommend what may seem a cliche ""continue to live like a student."" Half the country lives on $54K or less. There's certainly a wide gray area, but in general, a person starting out will choose one of 2 paths, living just at, or even above his means, or living way below, and saving, say, 30-40% off the top. Even 30% doesn't hit the extreme saver level. If you do this, you'll find that if/when you get married, buy a house, have kids, etc. you'll still be able to save a reasonable percent of your income toward retirement.  In response to your comment, what counts as retirement savings? There's a concept used as part of the budgeting process known as the envelope system. For those who have an income where there's little discretionary money left over each month, the method of putting money aside into small buckets is a great idea. In your case, say you take me up on the 30-40% challenge. 15% of it goes to a hard and fast retirement account. The rest, to savings, according to the general order of emergency fund, 6-12 months expenses, to cover a job loss, another fund for random expenses, such as new transmission (I've never needed one, but I hear they are expensive), and then the bucket towards house down payment. Keep in mind, I have no idea where you live or what a reasonable house would cost. Regardless, a 20-25% downpayment on even a $250K house is $60K. That will take some time to save up. If the housing in your area is more, bump it accordingly.  If the savings starts to grow beyond any short term needs, it gets invested towards the long term, and is treated as ""retirement"" money. There is no such thing as Saving too much. When I turned 50 and was let go from a 30 year job, I wasn't unhappy that I saved too much and could call it quits that day. Had I been saving just right, I'd have been 10 years shy of my target."


"> The company song was a complete shock to me and I found it to be one of the creepiest things ever devised.  Wow, that is creepy.  I'm really shocked that any company would actually do this.  It's like rubbing it in your face - ""We're going to further strip you of your dignity, and crush your soul, and there's nothing you can do about it!""  It's like being asked to attend HS pep-rallies well into adulthood.  Yuck."


So is it weird that I write my check to the name of the company on the power plant?  I cannot for the life of me see any of the middle men in my distribution channel.  Where I am, you usually get power right from the big energy company (Xcel in my case) or if you live out of town you can opt for the co-op (that buys from Xcel).  The co-op is in theory the better deal because they can negotiate larger volume pricing and all profit from the co-op goes to its members, but there aren't very many steps either way.  edit: after a bit of digging, my power provider is also a buyer, but most definitely the owner of a large nuclear plant near me.


"Basically, these guys break all your eggs then try to make an omelet.  Your lender(s) must really believe that you have no ability to pay before they'll settle, which generally entails not paying them until your creditworthiness is in the tank.  Bankruptcy laws exist for a reason.  If your credit is in the tank, you can't make your payments and you're shopping to settle your debts, it's not likely a bankruptcy would worsen your situation; in fact, quite the opposite.  But, people have hugely negative feelings toward bankruptcy and don't want to be called a ""deadbeat"", these services prey on those people."


Walmart is evolving their online because they have to, not because it's profitable. They are still trying to figure out a way to get you in the store because impulse purchases lead profits. Amazon has an incredibly long way to go before they are actually a threat to Walmart. Look at the profit numbers, Amazons profit is primarily AWS. Retail profit is driven by 3rd party.   If Walmart wants to crush Amazon retail, they can, but won't until it's absolutely neccessary. Walmart can already deliver goods in 30 minutes to 90% of the US, but right now it's more profitable to try and do everything possible to get you in store. If they open their logistics to 3rd party and clone FBA then that will be huge.


It's past midnight so we'll continue this tomorrow.   Just two things for now: 1 funny how you picked the highest estimate for the US and the lowest estimate for the UK  2 if anyone expresses wishful thinking it's you. None of the benefits you mentioned will happen. I live in a country with UH. You'll still have the same problems, except that you get a hefty tax increase on top and end up shoving 50-60% of your income down the state's throat in addition.


There is no absolute answer to this as it depends on your particular situation, but some tips: As to investing versus saving, you need to do some of both: Be careful about stockpiling too much in bank accounts. Inflation will eat that money up over time to the tune of 3-4%/year. You are young and have a longer investment horizon for retirement, take advantage of that and accept a little more risk while you can.


Start by paying down any high interest debt you may have, like credit cards.  Reason being that they ultimately eat into any (positive) returns you may have from investing.  Another good reason is to build up some discipline.  You will need discipline to be a successful investor. Educate yourself about investing. The Motley Fool is probably still a good place to start.  I would also suggest getting into the habit of reading the Wall Street Journal or at the very least the business section of the New York Times.  You'll be overwhelmed with the terminology at first, but stick with it.  It is certainly worth it, if you want to be an investor.  The Investor's Business Daily is another good resource for information, though you will be lost in the deep end of the pool with that publication for sure.  (That is not a reason to avoid getting familiar with it.  Though at first, it may very well be overkill.) Save some money to open a brokerage account or even an IRA.  (You'll learn that there are some restrictions on what you can do in an IRA account.  Though they shouldn't necessarily be shunned as a result.  Money placed in an IRA is tax deductible, up to certain limits.) ????? Profit! Note: In case you are not familiar with the joke, steps 4 & 5 are supposed to be humorous.  Which provides a good time to bring up another point, if you are not having fun investing, then get out.  Put your money in something like an S&P 500 index fund and enjoy your life. There are a lot more things to say on this subject, though that could take up a book.  Come back with more questions as you learn about investing. Edit: I forgot to mention DRIPs and Investment Clubs.  Both ideas are suggested by The Motley Fool.


Are financial institutions less likely to lend me money because of my age Yes.  But they are especially unlikely to loan you money because you have little income.   or because they know I avoid interest by paying things off aggressively? This won't affect them.  But you might ask yourself how much credit history you have.  Credit history can include all of loans, credit cards, rent, utilities, etc.  You mention three loans.  But you don't mention rent or utilities.  You may simply not have much credit history, even if what you do have is good.   But again, the biggest thing that they will look at is your income history.  If you have a small income, then it doesn't matter what your payment history is.  They don't want to loan money to people who need money.  They want to loan money to people who don't need to borrow but are instead bringing a future purchase into the present.   The ideal recipient is someone who has a high income and spends it all every month.  Such a person is likely to borrow heavily but be able to keep up the payments.   Obsessing about your ability to borrow is probably the wrong approach.  Instead focus on how you can meet your goals without borrowing.  Eventually your ability to pay will catch up.  Then they'll offer you money.  Of course, you might not need it then.   Note that when I say little income, I'm talking about their perspective.  You may be fully on track and making decent money or even very good money for your age.  But they're looking for people who are mature in their careers and regularly bringing home large sums but who spend it faster than they can get it.


Don't steal from the 401k. If you take the money out, you'll pay 28% in taxes and 10% in penalties -- only getting $12,960 out. Before you do anything, consult an online refi calculator to make sure you'll be in the house beyond the break-even point. With the numbers you've given and some reasonable guesses I made, it looks like you'll break even within a year. If your new employer's plan allows for loans, roll it into the new plan. Based on what you say you're putting in, you should be able to take a loan out of about $15-20k, which would get you to your LTV goal. Before you do this, calculate: and make sure you will comfortably be able to handle all of the payments. Make sure you're aware of the loan terms on your 401k loan. Understand the penalties associated with failing to make timely payments. Finally, beware of sinking all of your liquid cash into this -- how will you handle an emergency that comes up soon after closing on the new loan before you have a chance to rebuild your emergency fund?


"I was just reading Consumer Reports' December 2009 issue.  The issue's focus is electronics, and there was a small section on extended warranties in the ""Best electronics"" article.  Here's what they said: Extended warranties still aren't   worth buying Seven in 10   respondents to our survey on buying   major electronics reported they were   pitched an extended warrranty.    However hard they're sold, extended   warranties are generally bad   investments.  Most electronics   products won't need a repair,   especially if you choose brands that   have fared better than others in the   reliability ratings we include in this   section.  In the unlikely event they   break, other Consumer Reports survey   data has shown,  the average repair   bill is often comparable with the cost   of a warranty. However, buying   a plan that includes accidental damage   might be worth considering for a   laptop or netbook that you'll use a   lot on the go.  And buying a computer   warranty that extends tech support,   too, might make sense if you or a gift   recipient could use a lot of   hand-holding. [...] Paying   with your credit card might   automatically double the   manufacturers' warranty and offer   other benefits at no extra cost   [...] Seven in 10   respondents to our survey on buying   major electronics reported they were   pitched an extended warrranty.    However hard they're sold, extended   warranties are generally bad   investments.  Most electronics   products won't need a repair,   especially if you choose brands that   have fared better than others in the   reliability ratings we include in this   section.  In the unlikely event they   break, other Consumer Reports survey   data has shown,  the average repair   bill is often comparable with the cost   of a warranty. However, buying   a plan that includes accidental damage   might be worth considering for a   laptop or netbook that you'll use a   lot on the go.  And buying a computer   warranty that extends tech support,   too, might make sense if you or a gift   recipient could use a lot of   hand-holding. [...] Paying   with your credit card might   automatically double the   manufacturers' warranty and offer   other benefits at no extra cost   [...] BTW, I like Consumer Reports and I am a long-time subscriber.  Check them out if you haven't before."


I'm no expert but I don't think it'll take to 2040 will have 54% of sales.. Once full EV's cost 25k there isn't any reason to buy a gasoline car, the gas savings alone will be cheaper let alone repairs, oil change, filters, and they're already at 35k.


As the offshore planning world turns, the limited liability company (“LLC”) is starting to appear with greater frequency as an alternative to the conventional offshore asset protection trust.  It is desirable because unlike the offshore trust, which requires an independent trustee, the LLC permits the client to remain in full control as the Manager of the entity.  While the typical offshore trust provides the highest form of asset protection, the asset protection afforded by the LLC is significant, and with retained control, provides a powerful combination.  Recently, St. Vincent and the Grenadines as well as Nevis, have sought to improve their legislation by offering superior LLC statutes.  Each is progressive and will be desirable for planners and clients alike.


That would have been a good idea.  They don't charge interest on a $0 balance, but if you payoff your account after the cycle date, there is a hidden balance and that balance will accrue interest. It is only a few cents a day.  I just don't think it is legal for them to refuse to provide you a payoff quote mid cycle. I'm almost certain. When I worked for Discover it was a key point in training to not give the wrong amount and to make sure to use the calculator in the system to quote a daily balance, how much it goes up per day, and how much they should send if they were mailing the payment, giving consideration for the time it takes to receive/process the payment.


First, if it is in any way a joint account, the debt usually goes to the surviving person. Assets in joint accounts usually have their own instructions on how to disperse the assets; for example, full joint bank accounts usually immediately go to the other name on the account and never become part of the estate. Non-cash assets will likely need to be converted to cash and a fair market valuation shown to the probate court, unless the debts can be paid without using them and they can be transferred to next of kin. If, after that, the deceased has any assets at all, there is usually (varies by state) a legally defined order in which debtor types must be paid. This is handled by probating the estate. There is a period during which you publish a death notice and then wait for debt claims and bills to arrive. Then pay as many as possible based on the priority, and inform the others the holder is deceased and the estate is empty. This sometimes needs to be approved by a judge if the assets are less than the debts. Then disperse remaining assets to next of kin. If there are no assets held by just the deceased, as you get bills you just send a certified copy of the death certificate, tell them there is no estate, then forget about them. A lawyer can really help in determining which need to be paid and to work through probate, which is not simple or cheap. But also note that you can negotiate and sometimes get them to accept less, if there are assets. When my mother died, the doctors treating her zeroed her accounts; the hospitals accepted a much reduced total, but the credit cards wanted 100%.


Yeah, the VAT adds more fairness between who gets the taxes, but is only offset by it being more complicated and needing more bureaucracy. I think it's an interesting idea. If I were a policy analyst I'd like to see what costs are vs. benefit.


It's not enough just to check if your order doesn't exceed 10% of the 20 day average volume. I'll quote from my last answer about NSCC illiquid charges: You may still be assessed a fee for trading OTC stocks even if your account doesn't meet the criteria because these restrictions are applied at the level of the clearing firm, not the individual client. This means that if other investors with your broker, or even at another broker that happens to use the same clearing firm, purchase more than 5 million shares in an individual OTC stock at the same time, all of your accounts may face fees, even though individually, you don't exceed the limits. The NSCC issues a charge to the clearing firm if in aggregate, their orders exceed the limits, and the clearing firm usually passes these charges on to the broker(s) that placed the orders. Your broker may or may not pass the charges through to you; they may simply charge you significantly higher commissions for trading OTC securities and use those to cover the charges.  Since checking how the volume of your orders compares to the average past volume, ask your broker about their policies on trading OTC stocks. They may tell you that you won't face illiquid charges because the higher cost of commissions covers these, or they may give you specifics on how to verify that your orders won't incur such charges. Only your broker can answer this with certainty.


It is better to have it than to not have it, but the valued added is very marginal. Also, you can't get the CFA charter without work experience in the finance field (I think 5 years) so people doing a career change cannot get the CFA charter. The most value actually comes from passing the CFA level 1. It is a big signal that you are interested (it is evidence of interest rather than just a statement of interest), because it is expected to take 300 hours of studying from someone with no financial experience to pass it (i.e. it's like taking ~3 finance courses in college).


Back in college my D&D group would go because they had half price appetizers after 10 PM. We'd each order one or two and share.  (It was also the only restaurant open after 10PM other than fast food.)


It depends on your bank's terms (which may in turn be influenced by laws and regulations), but most banks calculate interest on a per-day basis, so if you leave the money in the account for more than a day, it will generate interest. However, it will most likely be so little that you could make more money doing any kind of paid work in the time it took you to write this question...


I work in corporate credit specializing in financial fraud in Asia/CIS. Had one project where the team went full Wolf of Wall Street on the client's payroll. Lots of corruption. It's probably more widespread and open here compared to the US due to weaker legal system. It looks very professional for most, but once you get very close to people who make the decisions, you start seeing and hearing things.


So what was Choi's plan here? Did he intend to develop a real product and he strung along employees while trying (and failing) to find investors, or were the employees collateral damage in a wider scheme to defraud investors using a for-appearances-only start-up?


Many exchanges trade the same securities.  An order may be posted to a secondary exchange, but if the National Best Bid and Offer data provider malfunctions, only those with data feeds from that exchange will see it. Only the data provider for the primary exchange where a stock is listed provides the NBBO. Missing orders are very common with the NBBO data providers.  NASDAQ's order consolidator has had many failures over the past few years, and the data provider's top executive has recently resigned. Brokers have no control over this system.  A broker may be alerted to a malfunction by an accountholder, but a broker may only inform the relevant exchange and the relevant data provider.


At this time there is one advantage of having a 30 year loan right now over a 15 year loan.  The down side is you will be paying 1% higher interest rate. So the question is can you beat 1% on the money you save every month. So Lets say instead of going with 15 year mortgage I get a 30 and put the $200 monthly difference in lets say the DIA fund.  Will I make more on that money than the interest I am losing?  My answer is probably yes.  Plus lets factor in inflation.  If we have any high inflation for a few years in the middle of that 30 not only with the true value of what you owe go down but the interest you can make in the bank could be higher than the 4% you are paying for your 30 year loan.   Just a risk reward thing I think more people should consider.


"never carry a balance on a credit card. there is almost always a cheaper way to borrow money. the exception to that rule is when you are offered a 0% promotion on a credit card, but even then watch out for cash advance fees and how payments are applied (typically to promotional balances first). paying interest on daily spending is a bad idea. generally, the only time you should pay interest is on a home loan, car loan or education loan.  basically that's because those loans can either allow you to reduce an expense (e.g. apartment rent, taxi fair), or increase your income (by getting a better job). you can try to make an argument about the utility of a dollar, but all sophistry aside you are better off investing than borrowing under normal circumstances. that said, using a credit card (with no annual fee) can build credit for a future car or home loan. the biggest advantage of a credit card is cash back. if you have good credit you can get a credit card that offers at least 1% cash back on every purchase.  if you don't have good credit, using a credit card with no annual fee can be a good way to build credit until you can get approved for a 2% card (e.g. citi double cash). additionally, technically, you can get close to 10% cash back by chasing sign up bonuses. however, that requires applying for new cards frequently and keeping track of minimum spend etc. credit cards also protect you from fraud. if someone uses your debit card number, you can be short on cash until your bank fixes it.  but if someone uses your credit card number, you can simply dispute the charge when you get the bill. you don't have to worry about how to make rent after an unexpected 2k$ charge. side note: it is a common mis-conception that credit card issuers only make money from cardholder interest and fees. card issuers make a lot of revenue from ""interchange fees"" paid by merchants every time you use your card. some issuers (e.g. amex) make a majority of their revenue from merchants."


"I think anyone will agree that the ""optimal"" rate of taxation is the goal but what is optimal? It depends on your scoring metrics, the optimal solution to one problem might not be the optimal solution for another.   You bring up the Feds but that confounds the issue because now we have to talk about monetary policy, taxation is fiscal policy   In general lowering taxes increases capital investment regardless of the investment rate, the firm has more money they are going to spend it somewhere"


"Basically, in any financial system that features fractional reserve banking, the monetary supply expands during times of prosperity. Stable, low inflation of 2-4% keeps capital available while keeping the value of money stable. It also discourages hoarding of wealth. Banks aren't vaults. They take deposits and make an explicit promise to repay the depositor on demand. Since most depositors don't need to withdraw money regularly, the lend out the money you deposited and maintain a reserve sufficient to meet daily cash needs. When times are good, banks lend to people and businesses who need capital, who in turn do things that add value to the overall economy. When times are bad, people and businesses either cannot get capital or pay more for it, which reduces the number of times that money changes hands and has a negative impact on the wider economy. People who are trying to sell you commodities or who have a naive view of how the economy actually works decry the current monetary system and throw around scary words like ""fiat currency"" and ""inflation is theft"". What these people don't realize is that before the present system, where the value of money is based on promises to repay, the gold and silver backed systems also experienced inflation. With gold/silver based money, inflation was driven by discoveries of gold and silver deposits"


Almost any kind of tax will cause market distortions; if market distortions discourage activities which would have produced wealth, society will lose out not only on the money which was taken by the tax, but also on the wealth which could have been, but wasn't, produced. If those setting tax policy seek to maximize the amount of revenue that is made available for each dollar that the tax costs society, taxing money which is being used to produce more wealth will go against that goal.  Further, most of the things that companies do with their money to produce wealth end up generating taxable income for someone.  If a company deducts from its taxes the money it pays to an employee who then has to pay taxes on that money, the government ends up collecting about the same taxes as it would collect if the company didn't hire the employee (and thus didn't take the deduction). The effects of taxes on markets should be one of the most important factors considered when setting tax policy; if one tax would cost society $1.05 for every dollar raised, and another would cost society $5.00 for every dollar raised, a wise policy would favor the first over the second.  Unfortunately, politics often dominates over economic rationality.


If the portfolio itself is taxable, then yes; if you have two stocks and you're rebalancing them, without using new cash, you are forced to sell one stock to buy another. That sale is taxable, unless you're in some sort of tax deferred/deductible account, such as an IRA.   If you're talking about you being in a mutual fund and the fund itself rebalances, the same rules apply as above, though indirectly; you'll have capital gains realized and distributed to you, those gains will be taxed unless, again, your account is a retirement account.


I learned this from a business book on managing people, but I think it applies equally well here.  You can't put in what God left out of people. I know several people with this mentality about money and you simply have to make your sculpture out of the clay you have.  In this case, however, it seems that ship has sailed, considering it is your ex and you aren't on speaking terms. That would make it even harder, and it is debatable about whether it is your prerogative to even try. Just focus on the kids and make it clear to your wife that she needs to be providing the basics (food, shelter, heat, etc.) and don't escalate that unless it becomes a danger to the kids.  In a non-judgmental way (towards your wife) I'd use it as an opportunity to teach your kids about financial responsibility and the dangers of overspending and get-rich quick schemes. It sounds like they have an example in their lives of the consequences of two very different ways of managing one's finances.


"This is the best tl;dr I could make, [original](http://www.pbs.org/newshour/updates/decades-pushing-bachelors-degrees-u-s-needs-tradespeople/) reduced by 94%. (I'm a bot) ***** > In California&#039;s community colleges it&#039;s dropped to 28 percent from 31 percent since 2000, contributing to a shortage of trained workers with more than a high school diploma but less than a bachelor&#039;s degree.  > If a region needs respiratory therapists, for example, community colleges will be able to avoid some of the red tape that previously hampered their flexibility to train new therapists.  > Some on the industry side of the equation say that while colleges should have spent the past few decades building tighter bonds with local companies, those companies share the blame for vocational education&#039;s tattered reputation.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6x97ep/after_decades_of_pushing_bachelors_degrees_us/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~202084 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*: **college**^#1 **education**^#2 **work**^#3 **vocational**^#4 **school**^#5"


If it is a well known company that wants to give you a refund, I would not worry about giving them your credit card number.  However, I would never type my credit card number into an e-mail message. E-mail messages are very insecure, and can be read by many people along its way to the destination. They also can be archived in many places, meaning that your number will continue to be posted out there for someone to grab in the future.  If you need to give this company your credit card number, do it over the phone.  Having said that, ultimately you are not generally responsible for fraudulent charges if your card number is stolen and misused. I've had so many fraudulent charges, despite my being relatively careful with my number, that I don't really worry much anymore about losing my number. I just check my statement for false charges, and when they happen,  the bank cancels the charge and issues me a new number. It has happened to either my wife or I maybe 5 times over the last two years.


Oklahoma isn't my home state and I will move but to where hell if I know. Still got to get pass the can't afford to move part. And screw the Democrats they are just much to blame. All our politicians are bought and paid for. Going get worse before it gets better.


if Amazon can perfect same day delivery, then businesses will really be in trouble.  I frequently still go to walmart instead of ordering on Amazon because I want something that same day.  but if Amazon can deliver its products on the same day without charging a ton for shipping, then I might just order everything on there.  In the meantime, I will continue to shop at stores like walmart and walgreens.


"I agree with the basic purpose of an HOA. Unlike the poster above Jay, I do believe that people painting their houses purple will definitely affect the value of my house or property. I for one would not want to live next to someone who has a wild purple house, even though it is his right to do so. In saying that I know that there are very few people who would want to buy my house were it situated next to the ""purple house"". So in the sense of limiting known eyesores I agree with the purpose of HOA's. That being said, I do not agree with the fact that HOA's are not regulated and that its rules are formed by community members who may be very strict on what or what isn't allowed. If it were simple rules like not painting the house disturbing colors (we all know what they are) or not having junk cars  or loud music after a certain time (except on holidays or special calendar days like New Years etc."


There may be a 3-5% correction in the near future, but earnings are strong, the job market is strong, and this is all happening with little help from pro business legislation.  Don't see anything more than a business cycle anytime soon


I worked in auto finance years ago, what dealers tend to do in refinance the negative value of the customer current car to the new one.  So if a car is worth 30k they may finance it for 35k. Finance company will do as not to lose the dealer and customer is happy to get a new car.  I had one customer call on a car he financed for 85k, car brand new was worth 70k. Told me how he was looking to pay out the loan and go to the competition for better rates. Before offering anything I did a quick value check and no way was it worth it for us to reduce the rates.  Told him good luck and he needed to pay X amount, he asked me if I'm not going to offer a better deal, I told him no.  He blew up telling me the dealer told him to call 6 mouths later and the financial company would reduce the rates if he asked for a payout.  Customer also had a car that dropped its value like no tomorrow, so it book value was around 60k. So over the refinance limit.  6 mouths later get a call from collection, telling me just a heads up this guy's cars was sold at the auction as he couldn't make repayments for 30k.  Guy was also told by the dealer he could just hand the car back in but wasn't told he still needed to pay back the difference in the loan once he did.  My god some people had no clue.


So they basically tried to make their antiquated methods faster, rather than improve their methods.  Okay.  Not what I would have done.  And apparently they aren’t advertising their improvements well, either.  What I don’t see in that document is the percentage of people making less or more in all, so I can’t tell if large numbers of people on one side or another are skewing the average in a direction, nationally or in the government itself.  Those numbers would give us the whole picture, rather than a distorted picture.  Also, it seems the average wage is only $3.00 / hour higher, so that’s something.  Your “socialist Universal price” quip tells you are definitely seeing with distorted glasses.  Let it go for a little bit, not to change your mind, but to verify you are seeing as clearly as possible.  They keep the wages basically equal across the U.S. because they are a nation-wide entity that has to be internally self-consistent.


Being blinded by party or idealogical bias would prevent one from seeing the qualifications of someone who is otherwise qualified for a position.  Somehow he must have bluffed his way through a governorship, running a successful Olympics and building a successful business, right?


This is what all the guides and business advice places I've checked out seem to say. Limited company down the line possibly depending on whether I employ people or outsource that work to others or whatever (given the nature of the business).


As it stands equity contracts in startups are by default structured differently. The standard equity is shares or convertible notes.  Having equity that's structured in the way you propose is a bad idea for both sides. VC don't like equity that's not done with standard equity contracts. If the lawyer of the VC has to review your equity document and understand how the exact terms work that makes it more complicated to invest money into the startup. On your end it might not be fair because a company doesn't need to make any income to be successful. Various companies manage to reduce their tax burden to next to nothing by clever accounting that results in having no taxable income. Uber brought the uber.com domain name with 2% equity at the beginning, so there are certainly deals that get made with equity. There are also other kinds of deals where domain names don't get sold for a one-time payment but with regular payment for 8 years where the domain names goes back to the seller if the company folds or otherwise doesn't want to pay anyone.


You can use the ITR 1 and declare the income from freelancing as income from other sources. As part of freelancing, certain expenses can be deducted provided they are directly related to work and have proper records. Please consult a CA who can advice you on how to do this. The Actual income shown should be less of the expenses.


You can be a co-borrower on the property that your father owns. Some Banks require that you also be part owner of the property, some banks do not require this. You can take a home loan for a new property, normally Banks will ask you of all your current loans [auto/other home/personal/ etc] to determine the amount they will be ready to lend. Edit: The first loan I believe your father already has a property in his name ... your father can apply for Loan against property ... if he does not have sufficient income, then you can guarantee the loan [ie co-sign on the loan, some banks allow this ... however there is no tax benefit on this loan]  .   The second is the Home Loan for the balance amount that you would get it … Both the loans can be taken from the same Bank, there would be a overall cap as to the amount of loan a Bank would give depending on your income, further the finance for this house will only be to the extent of 80% of the value.


I think at the end of the day smart people tend to do well, and what they majored in while in college doesn't always have a significant bearing on their own success.   Also can you definitively say the 3 CEO's mentioned, without tech backgrounds, were successful *because* of their non technical degrees or *despite* their degree ?


probably forgetting some but off the top of my head:MIT, Caltech, Berkeley, UCLA, Duke, Stanford, Chicago, NYU, Northwestern, Michigan, Notre Dame, UVA, and top LACs like Amherst,Williams,etc.  At a target school you would see many of the following names come to your school for OCR or resume drops: Goldman Sachs, KKR, Blackstone, Morgan Stanley, JPM, D.E. Shaw, Jane Street, Blackrock, Two Sigma, Citadel


"Story printed literally as the only thing that can hold on value to the currency..   OK so I'm printing unlimited money to pay off my debt,  so hey debtor I can either give you this useless currency or I can't pay..   Japan is heading for default,  their currency is only holding value because people have ""Hope"", the only reason for hope is because this article ""says"" people don't know..  They know  .."


Since then I had gotten a job at a supermarket stocking shelves, but recently got fired because I kept zoning out at work This is not a good sign for day trading, where you spend all day monitoring investments.  If you start focusing on the interesting math problem and ignoring your portfolio, you can easily lose money.  Not so big a problem for missed buy opportunities, but this could be fatal for missed sale opportunities.  Realize that in day trading, if you miss the uptick, you can get caught in a stock that is now going down.   And I agree with those who say that you aren't capitalized well enough to get started.  You need significantly more capital so that you can buy a diversified portfolio (diversification is your limitation, not hedging).  Let's say that you make money on two out of three stocks on average.  What are the chances that you will lose money on three stocks in a row?  One in twenty-seven.  What if that happens on your first three stocks?   What if your odds at starting are really one in three to make money?  Then you'll lose money more than half the time on each of your first three stocks.  The odds don't favor you.   If you really think that finance would interest you, consider signing up for an internship at an investment management firm or hedge fund.  Rather than being the person who monitors stocks for changes, you would be the person doing mathematical analysis on stock information.  Focusing on the math problem over other things is then what you are supposed to be doing.  If you are good at that, you should be able to turn that into a permanent job.  If not, then go back to school somewhere.  You may not like your schooling options, but they may be better than your work options at this time.   Note that most internships will be easier to get if you imply that you are only taking a break from schooling.  Avoid outright lying, but saying things like needing to find the right fit should work.  You may even want to start applying to schools now.  Then you can truthfully say that you are involved in the application process.  Be open about your interest in the mathematics of finance.  Serious math minds can be difficult to find at those firms.   Given your finances, it is not practical to become a day trader.  If you want proof, pick a stock that is less than $100.  Found it?  Write down its current price and the date and time.  You just bought that stock.  Now sell it for a profit.  Ignore historical data.  Just monitor the current price.  Missed the uptick?  Too bad.  That's reality.  Once you've sold it, pick another stock that you can afford.  Don't forget to mark your price down for the trading commission.  A quick search suggests that $7 a trade is a cheap price.  Realize that you make two trades on each stock (buy and sell), so that's $14 that you need to make on every stock.  Keep doing that until you've run out of money.  Realize that that is what you are proposing to do.   If you can make enough money doing that to replace a minimum wage job, then we're all wrong.  Borrow a $100 from your mom and go to town.  But as others have said, it is far more realistic to do this with a starting stake of $100,000 where you can invest in multiple stocks at once and spread your $7 trading fee over a hundred shares.  Starting with $100, you are more likely to run out of money within ten stocks.


I was thinking that the value of the stock is the value of the stock...the actual number of shares really doesn't matter, but I'm not sure. You're correct.  Share price is meaningless.   Google is $700 per share, Apple is $100 per share, that doesn't say anything about either company and/or whether or not one is a better investment over the other. You should not evaluate an investment decision on price of a share.  Look at the books decide if the company is worth owning, then decide if it's worth owning at it's current price.


Just clarifying in case some people just skim and walk away thinking the author is bankrupt. Kiyosaki is involved in many business ventures. One of his companies filed for bankruptcy, which is a separate entity to himself. He himself did not lose any personal assets and is still very rich. Thanks for reading.


I think all business owners in the UAE should have their employees undergo such safety courses. It is important that safety in the workplace or site is prioritized and that all employees pay particular attention to this important aspect as well. First aid and fire safety should only be some of the safety training courses that employees should receive or undergo.