Ripped off may be too strong as it implies intent - I'm hopeful it's just bad logic or terminology.   I would say better agreements would be: Borrowing money from family/friends is always risky.  If you and your parents are comfortable with the situation and can reliably keep records of how much is owed at any given time (and how much of the $500/mo is interest) then the loan might be a good option.  If not, and your parents don't need the income stream from the loan, then I would recommend the second option since it's much cleaner. In any case, make sure everything is in writing and the proper legal procedures are followed (just as if you had borrowed the money from a bank). That means either filing a mortgage with the county for option 1 or having both parties on the deed, and having the ownership percentages in writing.


Shareholders of Monsanto  will get the money from Bayer. Shareholders are independent people or entities. Think of Monsanto  as a thing that shareholders had. This thing is now being purchased by Bayer


"> Why is his age such a big deal?  Sure! Experience and studies are meaningless.   > if he is competent enough and if he will guide the company effectively.  I agree with you!  Because you said ""if"" in the beginning.  You can assume with at least 98% certainty that he was not chosen to be the CFO because he's the most competent or very competent.  To be competent, you need to prove your competency based on your accomplishments in the past.  So with at least 97% certainty, he was chosen because he's the son of..."


LOL this shit writes itself.  The link you put for the HDMI cable doesn't work right now, nor does navigating to the item from a search.  Anyway...  [~$3.33/cable](https://www.amazon.com/Twisted-Veins-3ACHB6-Speed-Cables/dp/B014EV0G3G/ref=sr_1_4?ie=UTF8&qid=1506317145&sr=8-4&keywords=6%27+hdmi)  [~$2/cable](https://www.amazon.com/SMALLElectric-iPhone-Lightning-Charge-Charging/dp/B01HRO395Y/ref=sr_1_4?ie=UTF8&qid=1506317011&sr=8-4&keywords=3%27+lightning)  The other guy was certainly exaggerating, but considering Amazon is eating the cost of the delivery, Best Buy isn't exactly offering competitive pricing.  On top of that, this thread is a heaping pile of anecdotes about shitty customer service.  EDIT: Link started working as soon as I posted.


"Nah, Samsung wasn't going to hire him. They were just going to fire the guy in charge of Touchwiz. It's a good thing they didn't since Apple would've sued them for infringing on their patent for ""Method and apparatus for firing an executive"" ."


>it just seems to be something that's seen a lot of mainstream attention lately.   Snake oil, in its various forms, isn't new a new phenomenon. It can be quite profitable though, if you know how to ride the wave.


Transaction fees are part of the income for banks, and as we know they are profit making corporations just like any other Company. The differene is that instead of buying and packing and Selling groceries, they buy and package and sell Money. Within the rules and the market they will try to maximize their profit, exactly like Apple or GM or Walmart and so on. Sweden and Holland are part of the European union and the leaders of the union has defined (by law) that certain types of transactions should be done without fees. In order to transfer Money from your Swedish account to the Dutch account you do what is called a SEPA transaction, which should be done in one day without cost to you as a customer. Reference: https://en.wikipedia.org/wiki/Single_Euro_Payments_Area Gunnar


"Making extra principal payments will reduce the term of your loan. I wouldn't sign up for a biweekly schedule, just do it yourself so you have more flexibility. A simple spreadsheet will allow you to play ""What if?"" and make it clear that extra principal payments are most effective early in the term of the loan. My wife and I paid off our home in less than 10 years with this approach. Some will say that the opportunity costs of not using that money for something else outweighs the gains. I would say that not having a mortgage has a positive impact on your cash flow and your assets (you own the home), which combine to create more opportunity, not less. That being said, It should be obvious that paying off higher interest debt first is the priority, (Paying off a zero percent interest car loan early is just foolish)"


The companies give jack shit about what the taxpayers have to pay. They only lower their own expenses. Without collective bargaining power, and forcing competing companies to have the same expenses, the employees will quite simply be screwed. Systems setup by the government on the other hand supply both.  Also, what about those without earned income... What do people deserve if they do not (currently or ever) contribute to the economy?  In part it depends on what kind of society one wants to live in, I guess, and whether the people are willing to keep the government functioning for the common good.


Not everyone must absolutely have the cheapest price.  I'll pay more if I can walk into Best Buy and have a nice experience.  If the employees are helpful and trained to be professional.  If they offer white glove service that will beat me home from the store.  If they offer included extended warranty support.  Etc.  I'd pay more.  Gladly.  I won't pay more for a warehouse experience where I'm treated like a head of cattle.


I'm pretty sure that banking has provided a safety net for criminal (predator) types. To take risks and do business in a way that would not be possible otherwise. Now we have grossly innefficient business, in the SOLE interest of predators (claiming to be providers). My carrot may travel 1500 miles (or more) to get to me, when carrots are grown within a mile of me. It's commercial communism. FORCING products and servives on us involuntarily. WASTING resources in the interests of the few. DEATH to these miscreants is my opinion. If it were up to me, there would be no global anything.


Normally, that is the address of the person that __wrote the check = the person who is paying the money (= your address if you write the check). In this example, it is '...2063 Main Street...' You mail the check to the recipient, the person who gets the money. His name is supposed to be in the line PAY TO THE ORDER OF, but it does normally not contain any address, just a name; in this example the recipient is 'Sample Company'. The check does not carry the recipient's address anywhere; only the envelope has it. If you are sending someone money, you will have to ask them where to send it to.  Some checks have the bank's name printed on the top right, but that has no influence; it is basically an advertisement ('Your bank Name'):


Ah ok. Sounds like you guys need to have a heart to heart. I'd consider setting up a contract with regards to execute a buy-out at a given date. It may require some compromise on both of your guys' side.  Good luck and Happy Cake day!


The only problem that I see is that by not giving the 20% right away, you might need to pay PMI for a few months. In addition, in the case of conventional loans, I heard that banks will not remove the PMI after reaching 80% LTV without doing an appraisal. In order to be removed automatically, you need to reach 78% LTV.  Finally, I think you can get a better interest by giving 20% down, and you can get a conventional loan instead of a FHA loan, which offers the option to avoid the PMI altogether (on FHA, you have two PMIs: one upfront and one monthly, and the monthly one is for the life of the loan if you give less than 10%).


The whole model is likely to change.  I believe (as others do) that individual car ownership will wane, leaving large commercially operated fleets of on-demand modules.  It will be like insuring an airline - the whole company is insured...not individual pilots.


">You understand the purpose of insurance, right? It's ok to tax the rich but not ok for them to cash in on insurance?  You understand that no employees pay for this ""insurance"" right? The rich employees don't pay for this benefit, the employers do.   That being said, this is not something that is an easy question to answer. One one hand if someone is out of a job then the black and white answer is ""yes"" they are absolutely allowed to use these benefits. The other hand if this person has the ability not to utilize these benefits because they were able to create a savings(either by investments or simply saving) then why would they need to use it? I think that using this specific benefit should be a last resort, Not one to use because you don't want to use any of your money. Not that im saying this happened but again, if someone is making this kind of money, one would think they should have the wherewithal to have an emergency savings fund for this exact situation.   There is nothing inherently illegal about this, however it is, IMO, morally questionable."


"Let me ELI5 it for you.  It's *illegal* for foreign governments to contribute to or otherwise attempt to affect our elections.  Why?  This is done to prevent undue foreign influence inside our government.  You don't want foreigners, who don't care about America, to be ""pulling strings.""  This law is really old and is considered a big deal to keep the elections clean.  It's also *illegal* for a US citizen to help a foreign government to influence our election.  So you can't collude to help them do the illegal thing.  So taking a meeting with Russian government officials in a attempt to get opposition research on a candidate is thus *illegal* because it's helping the foreign power affect our election.  Don Jr released emails where he admitted to doing this.  That make sense?  Also think about it on a practical level.  Were the Russian going to give the intel to Don Jr for free?  What deal was going to be struck for this compromising info?  Nobody knows, but you have to assume it's something of value."


Other than the capitalist owner/slave wage deal the Libertarians (US political party Austrian-market wingnuts, not social libertarians in general) so zealously defend.  Face it, nobody who has a boss is free and no system in which bosses may exist is one to aspire to. This is the core of libertarian philosophy. To declare that libertarian logic doesn't include full freedom in the workplace is to declare that liberty doesn't apply to the worker.  If you're a submissive or a dominant, fine, no problem with you as a person. Just keep your fetish to your bedroom, not our workplace nor our neighborhood nor our planet.


Maximizing income could mean a lot of things.  What you really want is to maximize wealth.  Doesn't matter if it comes from your bond appreciating in value or as dividends. In order to maximize your wealth (that's today's wealth), you need to make decisions based on the net present value of these bonds. The market is fairly priced, especially for a tight market like government bonds.  That means if your bond falls in price, it has fallen by precisely the amount necessary so that an investor would be indifferent between purchasing it now, at its current price, and purchasing a new bond with a higher dividend.  The bonds with higher dividends will simply have a higher price, so more of the money comes as dividends than as price appreciation (at maturity it will sell for face value).  In other words, the animals are out of the barn and you have lost (or made) money already.  Changing from one bond to another will not change your wealth one way or the other. The only potential effect of changing bonds will be changing the risk of your portfolio.  If you buy a bond that matures later or has a lower dividend than your current bond, you will be adding additional interest rate risk to your portfolio.  That risk should be compensated, so you will have a higher expected return as well.  But regardless of your choice you will not be made wealthier or less wealthy by changing from one bond to another. Should you buy bonds that will earn you the most possible?  Sure, if you are below your risk tolerance.  Even among default free bonds, the longer the maturity and the lower the dividend, the greater the effect of future changes in interest rates on your bond.  That makes them riskier, but also makes them earn more money on average. TL;DR: In terms of your wealth, which is what matters, it doesn't matter whether you hold your bond or buy a new one.


So my advice for your financial situation depends on your aims. Are you aiming to: -   Completely clear your debt -   Clear one card to free up more monthly income.  -   Clear some debt to allow further controlled spending -   Clear one card and focus on just using one, having 2nd as emergency. There are other things you may wish to do but you said to pay off some / all of 2 credit card bills. If you want to contact me I can plan this more precisely. Some seem the same but other factors can come into play as well. Differing rates of interest make the options clearer. My first advice would be to call the card companies and see if you can get better rates first. SCENARIO (some figures made up for visual) Credit Card Debts    8,000       8,000 Monthly payment       100           100 APR %                              10             10 Ignoring APR this will be 80 months to repay (otherwise 140 months using my example amounts above) £28,000 repaid over 11 years 8 months.  Your Suggestion As per your suggestion originally, paying off cards equally will allow smaller debt on both cards. Credit Card Debt      3,000      3,000 Monthly payment       100          100 APR %                              10            10 With a 0% APR this would be paid off in 2 years 6 months. Cards are available to get free balance transfers, need to look into this. With the 10% APR this would take 3 years 1 month. £10,000 lump and £7,400 repaid over 3 years 1 month (saving £10,600 and 8 years 7 months) AIM: To clear debt completely. My advice here is to use the £10,000 lump sum to pay off one credit card, the remaining £2,000 can then come off the other card. This will free up your outgoings (was 2 x £100) by £100. But then use this £100 to pay off the card, this will result in the following: Credit Card Debt      6,000 Monthly payment       200 APR %                              10 With a 0% APR this would be paid off in 2 years 6 months. Cards are available to get free balance transfers, need to look into this. With 10% APR this would take roughly 3 years 1 month. £10,000 lump and £7,400 repaid over 3 years 1 month (saving £10,600 and 8 years 7 months).   This option is the same as above, but you have the options on the odd tight month to reduce payments to £100.   This also will allow the 2nd card to be used interest free for an emergency purchase (to be paid off without any interest charge)   If rates are different, pay of the one with the higher APR AIM: Clear one card to free up more monthly income.  AIM: Clear one card and focus on just using one, having 2nd as emergency. Same as above, but don’t increase to £200, leave monthly payment at £100. Credit Card Debt      6,000 Monthly payment       100 APR %                              10 With a 0% APR this would be paid off in 5 years. With the 10% APR this would take 88 months (7 years 4 months) £10,000 lump and £8,800 repaid over 7 years and 4 months (saving £9,200 and 4 years 4 months).   This also allows for some extra spending (even racking back up the debt – although not advised) AIM: Clear some debt to allow further controlled spending As above apart from this will allow you to spend to get back up to full £16,000 debt. NOTE My figures are theoretical, paying off £500 (£250x2) a month instead of the £100 (10%APR) would take: Lump sum 10,000, remaining 6,000 – 14 months (£17,000 paid) Lump sum 5,000, remaining 2 x 5,500 – 26 months (£18,000 paid) Lump Sum 0, remaining 2 x 8,000 – 40 months (£20,000 paid) Now I have finished waffling, I hope you have an idea on what you are aiming to achieve and a better idea of what to do when you receive the income  Stephen.


"While I would be very leery of making any Investments in Greece, and if I lived there might want to strongly consider a larger than average investment in 'international' funds (such as an index fund on the US, UK, or German exchanges) Having debt in Greece might not be such a bad thing... if only it was denominated in local currency. The big issue is that right now, you'd be taking out a loan on property in greece, that would be denominated in Euros.  If worse comes to worse, and Greece is kicked out of the EU and forced to go back to the drachma, then you might be in a situation where the bank says ""this loan is in Euros, we want payment in the same"" and if the drachma is plummeting vs the Euro, you could find your earning power (presuming you were then paid in drachma) greatly diminished.. And since you'd be selling the house for drachma, you might be way under-water in terms of the value of the house (due to currency exchange) vs what you owed. Now, if Greece were currently on the drachma, and you were talking about a mortgage in the same, I'd say go for it.  Since what tends to happen when a government has way overspent is they just print more money rather than default.. that tends to lead to inflation, and a falling currency value vs other countries.  None of which is bad for someone with a debt which would be rapidly shrinking due to the effect of inflation. but right now, safer to rent."


"Would I only have to pay regular taxes plus the excess contribution   tax on any contributions? Yes, you'll pay regular taxes plus the excess contribution taxes on the contributions until you withdraw. So what would be your gain in doing this? The whole point in HSA is to use pre-tax money for medical expenses, and you're not only going to use post-tax money - you'll pay extra tax for doing that (6% for each year the contribution remains in the account). Are you trying to get the ""employer match"" in this way? Maybe just ask for a raise instead? Would this cause problems for my employer in any way? Not sure, but it might. Is it possible to simply receive funds in my HSA even though I am not   eligible, and then transfer them to his HSA to avoid any penalties? No, HSA is a personal account. You can pay for dependents, but you can't move money between the accounts. You can roll over to your own account. See the IRS publication 969 for more details."


Your short-term time frame makes buying used the best option, but it seems you already are aware of that.  Look into a certified pre-owned model if you are concerned about lemons. You will usually get some sort of warranty.  However, be aware that any car can be a headache with repairs.  I would not recommend a lease because basically you are still paying for the depreciation on the car plus interest. Generally, this is the most expensive way to drive a car. You may find the numbers look good for a lease but beware of the 'gotchas' in the terms that can put you way over budget (over mileage, wear and tear, etc.).  My best recommendation is to buy gently used with cash. This gives you the most flexibility and best resale value. If you finance a late-model vehicle, be aware that depreciation can leave you upside-down on your loan. That would put you in the position of having to shell out cash just to get rid of the car.


Selective reporting. There is a lot of negative press about opioids but the benefits outweigh the death risks by a ton and nobody ever mentions those. Opioids saves countless amount of lives and brings people out of misery from excruciating pain; marijuana should not be the drug of choice for pain like that, it isn't strong enough.  We are utilizing opioids pre-surgery, post-surgery, chronic conditions. What are you going to do, have patient take a hit after they get out of a surgery? It's not even going to make a dent in alleviating the pain as soon as stat dose of fentanyl post surgery fades away; you're going to need oxycodone for that pain. Marijuana is not as effective as opioids for severe acute pain (or even chronic).   Marijuana should be legal, I agree, but that shit is overhyped in the medical world.


"I see this argument often. You're misdirecting the argument of ""socialism vs. capitalism"" with ""uncontrolled capitalism vs. socialism""  You can have regulated capitalism that looks at labor & safety while also not distributing the work output evenly, despite uneven work input."


You can ask the buyer to lower the price by the amount you are approved for and negation transferring the amount to him via a escrow..


I strongly recommend that you talk to an accountant right away because you could save some money by making a tax payment by January 15, 2014. You will receive Forms 1099-MISC from the various entities with whom you are doing business as a contractor detailing how much money they paid you. A copy will go to the IRS also. You file a Schedule C with your Form 1040 in which you detail how much you received on the 1099-MISC forms as well as any other income that your contracting business received (e.g. amounts less than $600 for which a 1099-MISc does not need to be issued, or tips, say, if you are a taxi-driver running your own cab), and you can deduct various expenses that you incurred in generating this income, including tools, books, (or gasoline!) etc that you bought for doing the job. You will need to file a Schedule SE that will compute how much you owe in Social Security and Medicare taxes on the net income on Schedule C. You will pay at twice the rate that employees pay because you get to pay not only the employee's share but also the employer's share. At least, you will not have to pay income tax on the employer's share. Your net income on Schedule C will transfer onto Form 1040 where you will compute how much income tax you owe, and then add on the Social Security tax etc to compute a final amount of tax to be paid. You will have to pay a penalty for not making tax payments every quarter during 2013, plus  interest on the tax paid late.  Send the IRS a check for the total. If you talk to an accountant right away, he/she will likely be able to come up with a rough estimate of what you might owe, and sending in that amount by January 15 will save some money. The accountant can also help you set up for the 2014 tax year during which you could make quarterly payments of estimated tax for 2014 and avoid the penalties and interest referred to above.


? Share price reflects the residual value of the company to the shareholders and therefore the value they assume it can create for its customers.  Now, if you have a better understanding of that value than the millions of investors that own and trade its share, that's a different story.


"The concept of emergency fund is a matter of opinion. I can tell you the consensus is that one should have 6-9 months worth of expenses kept as liquid cash. This is meant to cover literally all bills that you might encounter during that time.  That's a lot of money. There are levels of savings that are shy of this but still responsible. Not enough to cover too much in case of job loss, but enough to cover the busted transmission, the broken water heater, etc. this is still more than many people have saved up, but it's a worthy goal.  The doctor visit is probably the lowest level. Even without insurance, the clinic visit should be under $200, and this shouldn't cause you to have to carry that amount beyond the time the bill comes in.  The point that shouldn't be ignored is that if you owe money at 18% on a credit card, the emergency fund is costing you money, and is a bit misguided. I'd send every cent I could to the highest rate card and not have more than a few hundred $$ liquid until the cards were at zero.  Last - $5K, $10K in the emergency account is great, unless you are foregoing matched 401(k) dollars to do it. All just my opinion. Others here whom I respect might disagree with parts of my answer, and they'd be right.   Edit - Regarding the 'consensus 6-9 months' I suggest -  From Investopedia - ""...using the conservative recommendation to sock away eight months’   worth of living expenses...."" The article strongly support my range for the fact that it both cites consensus, yet disagrees with it.  From Money Under 30 The more difficult you rank your ability to find a new job, the more   we suggest you save — up to a year’s worth of expenses if you think   your income would be very difficult to replace. From Bank of America   I have no issue with those comfortable with less. A dual income couple who is saving 30% of their income may very well survive one person losing a job with no need to tap savings, and any 'emergency' expense can come from next month's income. That couple may just need this month's bills in their checking account."


Between half a year and a year should be enough to improve your interest rates drastically on car loan refinance. Make sure that your new credit card has already been reported to the agencies, and that the credit/debt ratio is lower than 30% on your revolving (credit card) accounts. That also means that you shouldn't carry too much balance, even if the APR is 0%.


You report it as an expense against the 1099 income when you do your taxes. You will only be taxed on the amount after the lawyers fees (but if it cost you more in lawyers fees than you recover in damages, the loss is not deductible). Be sure to keep documentation of the lawyers bill and the contract. Compensatory damages are generally not taxable at all. You can see here for more information on that.


It's hard to answer without knowing all of the details (i.e. what was your salary for each of the options), but I think you probably made a good choice. 1099: Would have required you to pay self-employment tax, but also would have allowed you to deduct business expenses. W2 with benefits: Likely would have been beneficial if you needed healthcare (since group plans can be cheaper than individual plans, and healthcare payments aren't taxed), but if you don't use the healthcare, that would have been a waste. W2, no benefits: Assuming your salary here falls between the 1099 and the W2 with benefits, it seems like a good compromise for your situation.


Investing $100k into physical gold (bars or coins) is the most prudent option; given the state of economic turmoil worldwide.  Take a look at the long term charts; they're pretty self explanatory.   Gold has an upward trend for 100+ years.  http://www.goldbuyguide.com/price/ A more high risk/high reward investment would be to buy $100k of physical silver.  Silver has a similar track record and inherent benefits of gold.  Yet, with a combination of factors that could make it even more bull than gold (ie- better liquidity, industrial demand).   Beyond that, you may want to look at other commodities such as oil and agriculture.  The point is, this is troubled times for worldwide economies.  Times like this you want to invest in REAL things like commodities or companies that are actually producing essential materials.


"No it isn't.  Time is fixed.  On each of those days, the sale ends ""today.""  But tomorrow *becomes* today, and today becomes yesterday.  So, if the sale ended today, then tomorrow the ad would be completely false, because the sale, in fact, ended yesterday.    Come on man, don't be one of those ""time is linear"" people.    Another example.  My IT shop has been saying for 3 years that a certain project will be completed in 6 months.  The problem is that in 6 months, it will *still* be 6 months!  The point in time on the horizon may be fixed, but the horizon itself is NOT.  If you see a point on the horizon, then walk toward it, when you arrive at that point, did you reach the horizon?  NO!!  The horizon is still as far away as it was before."


Thank you all very much for your answers. Another question is, which is a better option, CFA Curriculum or Schweser Notes considering that right now my goal is not to cram for the exam, but to familiarize myself with finance?


You say A #1 priority, that implies multiple #1 priorities. Long term or medium term my goal is to pay off the mortgage. But short term paying off the mortgage isn't a concern. Some people are comfortable with a mortgage during retirement, others aren't. When I was younger the mortgage concern was not being overextended. I didn't want to be in a situation that dictated my financial decisions because I needed to make a big house payment. Being overextended is no longer a concern for me. Now I am looking in more detail about how my retirement will actually play out. How to handle my actual retirement income sources. For me, not having a mortgage simplifies my planning.


You can't force a horse to eat carrots. You have to make him hungry...  It's good that you're ready to start saving. The hardest part about building wealth is that most people live in denial. They think a bigger hat is wealth. That said, you need to get your husband excited about the idea of saving. If you're capable of sparking a little passion in him for saving then you'll see your wealth grow almost over night.  So, how do you make someone excited about something as boring as saving? Great question. If you find a way, write a book. Honestly, I think it's different for everyone. For me it was like someone turned on a light. I was blind but then I saw. If he is a reader then I would suggest the following books in this order. If he makes it through those and has any argument at all against saving then write a book about him haha.  Now I want to be clear, the other two answers above mine were also spot on. If you can't get him passionate about it then you need to take the initiative and start doing it yourself. I can't stress enough though that you both need to be engaged in order to do it quickly and efficiently.  Good luck!


Yeah, it's going to happen a lot faster than that.  Today we're starting to see the 2nd generation of modern electric cars becoming available at $35K price and 200+ mile range.  It was only 7 years ago that the first generation started becoming available.  If progress continues at the pace it has up to now, then by 2025 we might see the 3rd gen EVs appearing and I expect they'll have 300+ range starting around $25K.  EV infrastructure is easy peasy to install.  All you have to do is pick an electrician out of the phone book.  Apartments, parking garages, and hotels will all have to start installing level 1 and level 2 chargers, if they want customers.


Had a professor in college for one the business classes. He would teach inmates finance. One class he had a student that was in for some sort of fraud/money laundering. The professor was not sure how much the student had taken but he did ask if it was wroth it. The inmate said yes, explained how long his sentence is/was (it was less then 10 years) and that they only found part of the money.


Oh, no, I'm being downvoted because there's a user in /r/Seattle who gets online every couple of days and uses several sockpuppets to downvote my history. It has nothing to do with this post, look at my history - a page in I'm solidly at -5, because he goes back day after day.  Edit: Also, note Sinofsky wasn't just senior. He led Windows 7!


Creating a corporation is not necessarily less taxes. In fact, you'll face the problem of double taxation, and since you must pay yourself a reasonable salary, if your corporation doesn't earn much to give you as dividend after the salary, and/or your tax bracket is low, you'll in fact may end up paying more taxes. Also there's a lot of bureaucracy involved in managing a corporation. Liability on the other hand is important, and what's more important - is asset separation and limiting the liability to the corporation assets, keeping your personal assets safe. To achieve that, you don't have to create a corporation, but you can create a Limited Liability Company (LLC). LLC are disregarded entities for tax purposes (i.e.: you won't have to pay taxes twice, only once as a sole proprietor/partner), but provide the liability limitation and asset separation. LLC's are much less formal, and require much less paperwork reducing the risk of corporate veil piercing because of non-compliance. I myself decided to manage my investments through LLC's for that very reason (asset separation).


"I don't think The Onion was ""fake news"", fake news was when you'd have people just making up inflammatory shit to get clicks from the extremes (mostly extreme right) - bat boy, obama's a muslim, they're going door to door for your guns as we speak, etc."


Don't get all the hype about Tesla. They can't make a profit and they can't deliver their products on time and yet everyone has such high hopes for Musk and his vision. What am I missing?   Edit: Thank you for the replies. This is leading to some great discussion. (Although have to agree with some comments below that getting downvoted for raising reasonable business questions in a biz sub is frustrating.)   Adding a few things that still trouble me- Tesla burned through $1.2 billion in cash in the second quarter, almost double the $622 million it went through in the first quarter AND $2 billion spending is forecast for the second half of the year. Negative cash flow aside, a lot of the hype is focused on the Model 3. But how about cannibalization of Model S and X from Model 3?  There seems to be a somewhat fanatical following of Tesla and Musk but I do wonder if other carmakers that are ramping up their electric vehicles and self-driving R&D and have their finances in order isn't a safer bet.


My experience is that grumbling and being bitter is a self fulfilling prophecy.  If you can't accept the arrangement you entered into and are going to grumble and be bitter, you are less likely to do anything real about changing that situation, and just continue to grumble and be bitter.


"An alternative to a savings account is a money market account.  Not a bank ""Money Market"" account which pays effectively the same silly rate as a savings account, but an actual Money Market investment account.  You can even write checks against some Money Market investment accounts. I have several accounts worth about 13,000 each.  Originally, my ""emergency fund"" was in a CD ladder.  I started experimenting with two different Money market investment accounts recently.  Here's my latest results: August returns on various accounts worth about $13k:  - Discover Bank CD:  $13.22  - Discover Bank CD:  $13.27  - Discover Bank CD:  $13.20  - Discover Savings:  $13.18  - Credit Union ""Money Market"" Savings account:  $1.80  - Fidelity Money Market Account (SPAXX):  $7.35  - Vanguard Money market Account (VMFXX):  $10.86 The actual account values are approximate.  The Fidelity Money Market Account holds the least value, and the Credit Union account by far the most. The result of the experiment is that as the CDs mature, I'll be moving out of Discover Bank into the Vanguard Money Market account. You can put your money into more traditional equities mutual fund.  The danger with them is the stock market may drop big the day before you want to make your withdrawl... and then you don't have the down payment for your house anymore.  But a well chosen mutual fund will yield better. There are 3 ways a mutual fund increase in value: Here's how three of my mutual funds did in the past month...  adjusted as if the accounts had started off to be worth about $13,000: Those must vary wildly month-to-month. By the way, if you look up the ticker symbols, VASGX is a Vanguard ""Fund of Funds"" -- it invests not 100% in the stock market, but 80% in the stock market and 20% in bonds.  VSMGX is a 60/40 split.  Interesting that VASGX grew less than VSMGX...but that assumes my spreadsheet is correct.  Most of my mutual funds pay dividends and capital gains once or twice a year.  I don't think any pay in August."


Sprint has a great brand, but needs cash to roll out their LTE network faster.  Wimax was an unfortunate requirement of their spectrum allocation wherein if they did not use it, they lost it. So Wimax should really never have existed for Sprint, but they had to do it.  So I think based on what Softbank has done in other markets this is a good thing. It looks like at the very least it'll put another $3 billion directly into the US LTE roll out-- which means a faster than previously announced rollout (which in terms of markets was pretty good despite the overall lacking of availability).  I hope New Sprint pulls it together and gives Verizon & AT&T a run for their money. They werent going to last too long otherwise.


Cleaning the dirty clothes on your own and then ironing them out is quite a tough and time consuming task even if you have the washing machine to ease the process. It is still a whole lot trouble to do on your own since if nothing else then at least you have to give time for machine washing; as a result you can’t plan outings.


I don't believe most do it on purpose. Its a function of two things.  1) Markets are relatively efficient, so generating profits off of publicly available information is rare.  2) Analysts cannot ethically nor legally make  recommendation based on material non-public information.  That leaves them with using public information and building out s model to estimate earnings and therefore share price as best as possible. The problem is that estimating earnings is notoriously difficult. Every model is subject to garbage-in-garbage-out. All analysts start with some of the same basic assumptions and then tweak them based on their best guess. Take enough analysts and you've now replicated roughly what all investors are doing in the marketplace, meaning as a whole analysts won't be more accurate than the market.  The only way to generate above market returns is for you to consistently pick the analyst with the right recommendation. If only it were so easy...  Furthermore, analysts tend to make similar recommendations due to biases. Their initial model may have said 'buy' for GE, but they realize no other analysts have a buy rating on the stock. They're more likely to go back and revise their guesses to something more inline with their peers - its less risky to be with the crowd!  TL;DR  Security selection is hard and outperformance without MNP is unlikely over the long term.  I am no longer in the industry. After 2.5yrs as an analyst and going through the CFA curriculum I've learned that there are VERY few opportunities for out performance, especially so on a risk adjusted basis.


You admire people who inherited large sums of money, hasn't even beaten inflation with it, and has a record of starting projects with investor money then declaring bankruptcy? You should probably realign your priorities. Anyone could be worth as much as Donald Trump with the same headstart.


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As an employee of an (apparently) different one, us consultants earn more revenue than the auditors.  Also, there is nothing flavour of the week about consulting... 3 of the Big4 are desperately trying to regain the consulting arms they sold off in the 2000s because of the perceived conflicts of interest after the Enron collapse.


She is very wrong.  If the IRA is a traditional, i.e. A pretax IRA (not a Roth), all withdrawals are subject to tax at one's marginal rate. Read that to mean that a large sum can easily push her into higher brackets than normal. If it stayed with her, she'd take smaller withdrawals and be able to throttle her tax impact.  Once she takes it all out, and gifts it to you, no gift tax is due, but there's form 709, where it's declared, and counts against her $5.5M lifetime estate exemption.  There are a few things in the world of finance that offend me as much as lawyer malpractice, going into an area they are ignorant of.


You're not an engineer, are you?  It is an exchange, work for pay. The whole idea of 'joint community' went out the window with outsourcing, arbitrary layoffs because the boss thought he should sack 10%, and worst of all - HR, treating people as line replaceable units  Engineers were never particularly bought into the touchy feely crap, and they are certainly empirically minded enough to reflect the above reality back - zero loyalty on both sides.


The collapse of the US economic system is one of the many things I am preparing for. To answer the how, me personally I am doing some investing in gold and silver. However I am investing more in the tools, goods and gear that will help me be independent of the system around me. In short nothing will change for me if the US dollar goes belly up. A book I recommend is Possum Living (http://www.possumliving.net/). Other than that I am investing in trade goods such as liquor, cigarettes, medical supplies.


The funny thing is that mom & pop type establishments usually prefer cash due to the merchant charges they have to pay to the credit card companies. Some of these are percentage-based & others are fixed like a per-transaction charge. In the long run, accepting 10k USD wouldn't be enough. They would lose more than that in people who don't have a card on them vs accepting both cash and cards.


Let's be real, at this point in time it was pretty well known that these 3 banks weren't going to be allowed to fail no matter what (Goldman Sachs failing lol) . And Buffet is privy to a lot more information than your average investor. Let's not act like he was some heroic figure. Good investment, sure.


$15 - $5 = $10 How did you possibly buy a put for less than the intrinsic value of the option, at $8.25 So we can infer that you would have had to get this put when the stock price was AT LEAST $6.75, but given the 3 months of theta left, it was likely above $7 The value of the put if the price of the underlying asset (the stock ABC) meandered between $5 - $7 would be somewhere between $10 - $8 at expiration. So you don't really stand to lose much in this scenario, and can make a decent gain in this scenario. I mean decent if you were trading stocks and were trying to beat the S&P or keep up with Warren Buffett, but a pretty poor gain since you are trading options! If the stock moves above $7 this is where the put starts to substantially lose value.


"IMHO It is definitively not too early to start learning and thinking about personal finances and also about investing.  If you like to try stock market games, make sure to use one that includes a realistic fee structure simulation as well - otherwise there'll be a very unpleasant awakening when switching to reality... I'd like to stress the need for low fees with the brokerage account! Sit down and calculate how much fees different brokers take for a ""portfolio"" of say, 1 ETF, 1 bond, 1 share of about $500 or $1000 each (e.g. order fee, annual fee, fee for paying out interest/dividend).   In my experience, it is good if you can manage to make the first small investing steps before starting your career. Real jobs tend to need lots of time (particularly at the beginning), so time to learn investing is extremely scarce right at the time when you for the first time in your life earn money that could/should be invested. I'm talking of very slowly starting with a single purchase of say an ETF, a single bond next time you have saved up a suitable amount of toy money, then maybe a single share (and essentially not doing anything with them in order to avoid further fees). While such a ""portfolio"" is terrible with respect to diversification and relative fees*, this gives you the possibility to learn the procedures, to see how the fees cut in, what to do wrt taxes etc. This is why I speak about toy money and why I consider this money an investment in education. * An order fee of, say, $10 on a $500 position are terrible 4% (2 x $10) for buying + selling - depending on your local taxes, that would be several years of dividend yield for say some arbitrary Dow Jones ETF. Nevertheless, purchase + sale together are less than 3 cinema tickets."


> Note: Middle class is defined as falling between the 30th and 80th income percentiles.  Where the hell did this definition come from?  I've always heard it defined as the middle 50%, excluding the bottom 25% and top 25%.  They seem to be using a definition shifted 5% above that which seems odd.


Money Manager Ex PROS: CONS


What about giving back as a form of advertizing? Like the Adopt a Highway program (which will put up a sign saying that your company has adopted that part of the highway) or donating some of your items to be sold as a fund raiser and have your tags on them.  I feel like this is both a way to give back and a way to promote myself...  Is that wrong?


1 lot is 100 shares on London stock exchange


Logistics. There's no way our current system can keep up with the expected of growth of online sales . At some point you'll need a local warehouse to door network or an Uber like system that can move from major shipping points to the consumer directly. It'd be like an on call warehouse direct to consumer eco system without the need for massive sorting centers like the one that UPS has in Louisville KY.  Amazon has it with Amazon Now but that's proprietary if someone were to create an independent entity it would be Gold.


"No hope for you, my friend. Your life is over. Smile. Not true at all. If there's anything America is all about it's redemption and starting over. In fact, starting over is our middle name: United Starting Over States of America. Ulysses Grant failed once as a farmer and twice as a businessman before he became, well, U.S. Grant, major hero and president. He also graduated near the bottom of his class at West Point -- as did Sen. John McCain from the Naval Academy. John F. Kennedy had basically a C+ average in high school and his daddy weaseled JFK's way into Harvard, and he didn't turn out too badly. Other than the assassination, I mean.   The idea that your grades or your former life have much to do with your later life seems logical. But it's also not very accurate. Grades predict very little. Many people who screwed up pretty badly, later became very successful.   So, stop even worrying about past grades or your silly DUI. If I were applying, in fact, I'd write my essay about redemption, mentioning the DUI as a life turning point and noting that you no longer drink because of it. Unlike some other college students, ahem ahem ahem. They may be relieved to hear from an older student who has reformed his life, a type of student colleges very much like as opposed to little 18 year old children who get drunk all the time of which they have quite enough, thank you very much.   I'd also attack the bad grades from a few years ago problem by enrolling in a local college in some way (perhaps they have an extension program or maybe you have a junior college nearby). Take a group of solidly academic courses (perhaps including business course) and do very well in them. I'd take two or three at a time, giving you time to focus on them deeply. Do what you need to do to do well -- talk to the professor early in the course about the course themes and goals (and so they know who you are), work well ahead of time on all papers and edit, edit, edit them. Study like crazy for every test. Use available review books. Get a tutor if you need one, preferably someone at the college who has taken the class. Talk to others who have taken the class before you for their advice. Also talk to the professor about how best to review for each test -- meet with them a week before the test to ""go over"" your questions. A good approach is for you to say that you think ""such and such"" are the main themes so you'll be studying them for the test. Few professors can risk correcting you if those are not the main themes. This can be immensely helpful to you in getting your focused on what you need to study (meaning what they plan to ask about on the test). As a former teacher, I always corrected students who misunderstood major course themes or were focusing on trivia rather than larger issues and problems. This also sends the message that you are a hard worker, likely giving you some benefit of the doubt (""89? Oh, heck, give him an A-"").   With a few tough courses with good grades behind you, you have a much stronger record to apply with. And this shows you are serious since you went out of your way to take these courses.   Broader your view of ""top tier"" schools as many schools that are not in the Top Ten silliness will offer programs that are just as good. Then research your ""top tier"" schools to find out what kind of student they're looking for. Do they want someone who has done something different? Someone who took some time off (like you!) to travel and work? Emphasize this in your application. Emphasize your extra effort to take courses, your job, your maturity and experience. Colleges love that. Whatever kind of application essay you write, make it about your life and how it's shaped you, your outlook and your efforts. And make sure it's carefully edited -- not mistakes, no bad grammar, no spelling mistakes, etc. Perfect. Get and English teacher or someone you trust to advise you on it.   No, of course you are not wasting your time. Just make every reasonable effort to make schools want to accept you, and every reasonable effort to prepare well for more college. That is, after all, all you can really do. Then whatever happens work hard and do your best."


Hopefully they're not as hideous as the Prius.   Good luck to Ford, the only company that hasn't taken billions from tax payers but still has to compete with government subsidized companies (which have constant recalls and failures) instead of being rewarded for their prudence.


"It's a good question, but it turns into a general 'how to invest' question.  You see, the cliche of ""invest the difference"" simply point to the ripoff the other two answers discuss. And it doesn't specify how to invest, only that this money should be put to work as long term investments.  The best answer is to find the asset allocation appropriate for your age and risk profile. It can be as simple as a low cost S&P ETF, or as complex at a dozen assets that include Stocks, both Domestic and Foreign, REITs, Commodities, etc. It's not as if the saved funds get segregated in a special account just for this purpose, although I suppose one can do this just as others have separate funds for retirement, emergency, vacation, college, etc."


I think Starbucks makes it difficult for Burger Places.  Years ago it was unheard of to spend 4 or 5 bucks on a drink.  Now Starbucks is taking fast food places out of the market unless they have something light, or that at least taste light. So a person can  feel comfortable eating at a Burger joint and still purchase Starbucks drink later in the day or vice versa.  Also, all the other fast food restaurants have been molasses like slow to breakfast. Fast food chains in the future need to carve the brand out of breakfast and prominent light tasting options. And they should be able to take some of Subways and Starbucks market share.


Oh, man, you are in for a life of disappointment if you think it's this easy. Ask your dad why he didn't think of this idea years ago. Owning and maintaining a business is quite difficult, and the business owners I know are stressed out and work hard just like everyone else. (Except with the added benefit that many people hate them and say that they've only been successful due to dishonesty.)  But, if you want to start, look at your profit and loss statement (you do calculate one, right?) and determine how much additional fixed cost you can afford. Look into local employment law with your lawyer and determine how much an employee would cost. Then figure out the duties you want them to do, and check local job postings to see if someone in your local labor market will meet those needs for the compensation you can give. If so, determine the value of those contributions. If the value is greater than the costs, go ahead and hire. Rinse and repeat.


My logic for prices was this: S&P500/indexes price is based on the overall market for S&P500, generally. So my thought was that it should be correlated to the price of the Vix because as market volatility occurred, the price of the Vix would go up and vice Versa when the market goes down. However, I just started running these analyses as a side project and am still learning the right measures to make better observations. So I'm all for any advice in that regard.


I would like to offer a different perspective here.  The standard fee for a credit card transaction is typically on the order of 30 cents + 2.5% of the amount (the actual numbers vary, but this is the ballpark). This makes small charges frequently unprofitable for small merchants. Because of this they will often have minimum purchase requirements for credit/debit card payments. The situation changes for large retailers (think Wal-mart, Target, Safeway, Home Depot). I cannot find a citation for this right now, but large retailers are able to negotiate volume discounts from credit card companies (a guy who used to work in finance at Home Depot told me this once). Their transaction fees are MUCH lower than 30 cents + 2.5%. But you get the same reward points on your credit card/debit card regardless of where you swipe it. So my personal philosophy is: large chain - swipe away without guilt for any amount. Small merchant - use cash unless it's hundreds of dollars (and then they may give you a cash discount in that case). And make sure to carry enough cash for such situations. When I was a student, that was about $20 (enough for coffee or lunch at a small place).


"Non-economist: ""This one irrational thing happened! How can you say market are rational?""  Economist: ""This one irrational thing happened. Perhaps markets are slightly less rational than previously thought. Or perhaps it's noise in the expected amount of irrationality. I wonder how my index funds are doing.""  Not saying markets are rational, but you need more than that. If you work in finance, weak efficiency is likely why your job is socially useful. Unless it isn't."


I'm curious as what you guys consider reputable sources?        NYT? WSJ? Financial Times? Your trust in the mainstream media blows my mind. The blogosphere is a million miles ahead of traditional media. And there's a little thing called [manufacturing consent](http://en.wikipedia.org/wiki/Manufacturing_Consent:_The_Political_Economy_of_the_Mass_Media) that makes MSM act like gov propaganda outlets.        Also, this article is amazing. They were bid rigging very blatantly when they knew they were being recorded.


"There is only one way to create ""stable"" income using options: write COVERED calls.   This means you must own some stocks which offer an active and liquid option market (FB would be good; T would be useless.) In other words, you need to own some ""unstable"" stocks, tickers that have sometimes scary volatility, and of course these are not great stocks for a retiree. But, let's assume you own 500 shares of FB, which you bought in June of 2015 for $75.    Today, you could have been paid $2,375 for selling five Mar18'16 $105 Calls. Your reasoning is:  So, the rule is: ONLY SELL COVERED CALLS AT A PRICE YOU WOULD BE HAPPY TO ACCEPT.    If you follow the rule, you'll generate more-or-less ""stable"" income. Do not venture off this narrow path into the rest of Option Land. There be dragons.     You can select strike prices that are far out of the money to minimize the chance of being exercised (and sweeten the deal by collecting an even higher price if the stock flies that high).    If you are thinking about doing this, study the subject thoroughly until you know the terminology backwards and forwards. (Don't worry about ""the greeks"" since market makers manipulate implied volatility so wildly that it overrides everything else.)"


The main reason to exercise the shares sooner rather than later is that you have to hold the shares for 1 year to gain access to the long-term capital gains rate when you sell your shares. You do not want short-term capital gains rates to apply to these shares when you sell them. If the company is unable to go public and sells privately, you may not have any choice but to sell your shares immediately. If the company goes public you will simply have to hold your shares for a year after you buy them before selling to get the lower tax rate.


Student homes are not like home loans. The housing bubble happened in large part because people didn't care about the size of the loan. They intended to flip their house in a couple years and sell it for a profit. You can't resell an education.   > Certainly it is better than the current system which guarantees student loans to benefit the bankers.  That doesn't exist any more. For the last couple of years only the government can offer government-backed student loans.


In Germany in our discounters very often we have such store-owned off-brand boxes which look quite bland, but the content is not rarely made in the same factory as the higher priced brand. It just looks like that to save on marketing costs.  Obviously it's not always like this but if you do some research you will find that sometimes cheaper knockoff brands even belong to the same parent company and/or are made at the same location as the premium product.


A Lease is an entirely different way of getting a car. In two situations it makes sense, in all other scenarios it generally doesn't make sense to lease. In the case of always wanting a new car every 2 or 3 years it can make sense to lease. Of course if you drive more the allowed miles you will pay extra at the end of the lease. If you can take the monthly lease as a business expense leasing makes sense. Otherwise you want to pay cash, or get financing. Does zero percent make sense? Sometimes. The only way to make sense of the numbers is to start with your bank, have them approve of the loan first. Then armed with the maximum loan amount they will give you and the rate and the length of the loan, then visit the dealer. You have to run the numbers for your situation. It depends on your income, your other expenses, your credit score, your bank, what deal the dealership is running, how much you have for a down payment. Here is an example. For a recent loan situation I saw: 36 months, 1.49% rate, 20K loan, total interest paid: ~$466. Armed with that information can the person get a better deal at the dealership? There was only one way to find out. In that case the credit union was better. The rebate was larger than the interest paid.


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Well, what I would do would be to read every journalist's article on the subject, every academic paper, and the appropriate chapters from the CFA curriculum. I'd write down everyone's name (authors and those mentioned) and then email call them for advice. I'd try to find out who those players are, what their specific philosophies are, and then find someone i thought was really smart, had an investment philosophy that I agreed with, wasn't a dick, and then I would call them.   By the way, Warren Buffett went to Columbia to learn specifically under Ben Graham. Prior to graduation, Buffett said he'd like to work at Graham Newman for free, such was the value of the education. Benjamin Graham told him (Warren), he wasn't worth that much.   You or I literally have nothing to offer these guys that they can't get somewhere else (smarts, hard work, etc) for better. I'd be humble, attentive, and humble (did I say that already). There's an intellectual honesty that comes with admitting you don't know anything (but are willing to learn) that is very much important.  That's what I would do. Did any of that help?


The curved lines (on my screen orange, yellow and pink) are simple moving averages.  The fuchsia and blue straight lines are automatically generated trend lines.  Those lines are attempting to show how a stock is trending by showing potential bounce points and are commonly used in technical analysis (TA).


"To be at a dinner next to a ""big shot at a giant Wall Street investment bank"" to me makes me think they weren't at Applebee's. This guy went to Princeton. This may be a huge generalization but that sounds like a privileged life. Luck would be Eddie Murphy begging on the street when 2 old farts make him a partner in the company. That's lucky as hell. This dude is ivy league and thus run in the circles of success plus he also delivers the goods as a writer. It turns out he's successful. To me it's not really *that* lucky it's more about the cultivation of opportunities and focus."


It's the same thing as employer-provided healthcare.  It's insane that we still put those burdens on employers and not society at large.    I'm in Canada, and I don't think the issue of maternity leave is nearly so hard on companies here and we also have public health care coverage.  Because we do not mandate paternity leave, there is some talk about women who just hang on to their jobs for 3-4 years while they have 2-3 children, always planning their pregnancies at the exact right time to maximize their maternity leave.  The best way to handle this seems to be mandating equal leave for both parents and removing the burden from employers by having it publicly funded.


You're absolutely right.  That is why I eat at local restaurants instead of fast food.  I get better food at a lower price.  The real problem with fast food is institutional.  Typically, you have a large public corporation with shareholders.  I do not like shareholders.  They usually want maximum returns, but they don't care about the business.  They don't have to work there and they do not make choices about the food or anything else.  They only care about money.  Further, most fast food chains are run by franchisees.  They care more about the product, but there's still a lot of profit motive and they don't have much, if any, control over corporate.  So you end up with competing interests driven by profits and, with that many people demanding money, the product suffers and prices go up.  I think this is a *terrible* model for delivering a quality product.  All the forces at play are trying to cheapen things and increase profit.  A small family-run restaurant doesn't have these problems.  They know they need to make a good product at a fair price or they go out of business.  Without all the grasping hands, that's an easier and less expensive thing to do.  Which is why the small local restaurants get my business.  They give me a better product at a lower price.  I don't think a company like McDonald's is capable of that unless they go private, throw out their shit food and focus on delivering quality at a fair price.  That's just not possible with a shareholder/franchise business model.  It is not efficient.


Turns out the verge isn't a good source. NYC bans rentals for short stays unless physical requirements are met within the building itself.   Again, not out right ban. You're a very dumb person.   Also, regulation has still crushed supply in NYC so my point, despite your whining and moving the goalposts to help yourself out, still remains.


Oversimplifying the market into very basic supply and demand doesn’t reflect the way real markets behave. Your example of apple pickers fails to take in to consideration supply from regions where labor costs are significantly lower. If apples grown in the US cost $15 a bag consumers would just buy imported apples that cost significantly less. The result could be US apple farmers are no longer able to compete in the market.


Trying to engage in arbitrage with the metal in nickels (which was actually worth more than a nickel already, last I checked) is cute but illegal, and would be more effective at an industrial scale anyway (I don't think you could make it cost-effective at an individual level). There are more effective inflation hedges than nickels and booze. Some of them even earn you interest. You could at least consider a more traditional commodities play - it's certainly a popular strategy these days. A lot of people shoot for gold, as it's a traditional hedge in a crisis, but there are concerns that particular market is overheated, so you might consider alternatives to that. Normal equities (i.e. the stock market) usually work out okay in an inflationary environment, and can earn you a return as they're doing so.... and it's not like commodities aren't volatile and subject to the whims of the world economy too. TIPs (inflation-indexed Treasury bonds) are another option with less risk, but also a weaker return (and still have interest rate risks involved, since those aren't directly tied to inflation either).


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">  they need to raise the tax on capital gains and other investment income  Good luck getting a republican house and senate to vote for this.  Change ""they need to"" to ""people need to"" because if you don't vote, like half the country, this won't change anytime soon."


"OK, there is no way in hell that  a stranger should have your contact details. there is no way in hell that a stranger should be able to determine your name from that account number unless you are previously known to them. Have they explained to your satisfaction how any previous relationship was established? It was correct to direct them back to their own bank or their branch manager if they bank with the CBA. There are procedures in place for this, and you are in the clear if the bank handles it. Even there is a previous relationship, and you are in their address book, think long and hard about their ""bona fides"". It may not have been a scam they may have had fat fingers and be genuinely out of pocket now. It is SOP that if you refuse to refund the money the banks will become less helpful. (EDIT - you have consented to retrun the money). EDIT  - IF you had not consented... Disclosure: I am a former CBA employee and a 20 year veteran of NetBank, and these are my own opinions."


"Liberals scream from the mountaintops how college should be ""free"" but never talk about why a college degree has outpaced inflation and costs so much to begin with... hmmm who runs the academic industry...oh ya, liberals.. why would they want to end the honeymoon they've been on for the last 20+ years."


"I will solely address your fear because from what I read you fear investing in something that could possibly go down in the future.  This is almost identical to market timing, so let's use the SPY as an example.  Look at the SPY on Yahoo Finance, specifically in 2011.  The market experienced a little bit of a pull back during the year, and some ""analysts"" claimed that it would fall below 600 (read this).  In fact, a co-worker of mine said that he feared buying the S&P 500 in 2011 (as well as in 2010), so he bought gold (compare the two from 2011 to now - to put it bluntly he experienced 50% less gain than I did). Did the S&P 500 ever fall below 600 in that timeframe, or according to the linked analyst (there were plenty of similar predictions then)?  No.  If you avoid doing something because you're afraid it could drop, technically, you should be just as afraid of it rising (Fear of Losing Everything, FOLE, vs. Fear of Missing Out, FOMO - both are real).  That's not to say invest out of fear, but that fear cuts both ways, and generally, we only look at it from one side. Retirement investing should be a boring, automated process where, ideally, we don't try and time the market (though some will try, and like in 2011, fail).  If you can't help your fear, you can always approach retirement investing with automated re-balancing where you hold some money in ""less risky"" forms and others in ""higher risk"" forms and automate a rebalance every month or quarter."


Although off road bikes are designed to be powerful and durable, their body parts also get damaged due to wear and tear. You should not forget to perform routine checks on them for making sure that your bike is in excellent condition. All bikes including dirt bikes need proper maintenance.


Boston has tons of space in the metropolitan area.  Boston is tiny in land size, but you have tons of good towns and areas within 15 miles of the city where you could put a huge campus.  You already have Raytheon scattered throughout the greater Boston area with multiple large campuses.  They could build from the ground up and also have loads of commercial real estate place they could rent as needed.


Alright so so far the info I got is the fact that the guy seems to be honests and is a guy who wants to own every snicker he can. He is offering me 650€ for me to pick them up with him. I am going there myself at 3.30pm on Saturday, I'll keep you updated :)


"> If a firm is soliciting capital, it's highly suspect,   Way too generalizing. It needs to be distinguished that ""if a mega fund"" is ""routinely soliciting"" capital it should be suspect.   Funds like Elliott opening up for a 24 hour capital raising once every 5-10 years because Singer thinks an opportunity will present itself to deploy capital in the next year or two is not suspect.   Likewise, PM's spinning off from megafunds and trying to raise their first billion AUM after their first seed is locked is not suspect."


If you're the type of moron that keeps several thousand dollars sitting in their checking account then you're either a 1st generation immigrant or just insanely bad with money. And still think going around insulting people is smart. Literally the worst.


The thing is that we never asked for these services. The banks and the merchants did. These companies build profiles **against** you to provide your credit info to any creditor who asks. Then they bill you so that they will not hand out your identity to criminals for a period of time. Great fucking system.


Yes, I'm still kind of puzzled as to how they just seemed to have the world's money supply just given to them to dole out as they pleased.  I owe a Rothschild, though. They actually had one, a Lord, on noon TV here. He was in town from England for a Toronto tea convention and gave a 5 minute lesson on the news on how to make the perfect cup of tea.  The key point was to keep the interior of the POT clean. Worked, the tea was, and still is, great, thanks Lord Rothschild!


What happens to a minor if the parents are missing, or incapacitated, or deceased should be planned now, and not end up a matter for the courts to decide.  You might need to sit down with a family lawyer as well as a fee based financial planner, to make sure you have addressed all the relevant details. These details would include where they would live, money, and what the money should be used for.


Hmm.. almost poetic.  As someone who has worked for startups and firms as an consultant, and is an investor I have a unique insight on both aspects, so I really enjoyed this rant. I don't know if I necessarily agree with what she says, but I think what it comes down to is the uniqueness for every given situation.  I've seen firms do a ~3 month project for 1.2million dollars. I've seen startups fail. I've seen startups not require investment money. If anything, no two situations have been alike actually.  From the investment aspect, roughly 1 in 10 companies that receive investments do not fail, so it is an extremely risky business. The author has no insight to this aspect which explains her rant.  From a coder standpoint, it is EXTREMELY frustrating being told a project has to be a certain way that will most likely guarantee its failure, or generally fuck it over, and it is being commanded from a high up 'investor' that never speaks to the software engineer directly.


I liked having HTC as an option but the last smartphone I bought from them failed after 5 months of use (screen completely failed to turn on unlike the rest of the phone) and they wouldn't even honor the warranty because I didn't buy it directly form a carrier. Shitty phones and shitty service is no surprise.


I appreciate the effort you put into this but the post is mostly nonsense and covers a very thin argument. I suggest you beef up your info bank first so you can come up with a more decent entry next time. ciao


Inequality feeds volatility.  Too much money in too few hands.  The money is hot.  It is either hoarded or wagers are placed on rent seeking investments.  Precious little is invested in plant or equipment.  Wages are too low.  We unlearned everything Keynes taught us from the Great Depression.  That's why the down cycles are stronger and the up cycles are weaker.  Low wages are why labor participation is falling.  Yes, Virginia there is a Santa Claus, but he can't help us from our determined efforts to sabotage our own economy.


I wouldn't say it's an 'Office' collaboration tool. When I (briefly) played around with it in an organisation it was mainly for internal social, think along the lines of a corporate Facebook with discussion threads, interest groups and general banter.  For a large organisation, it certainly has a place in helping breaking down department walls, encouraging employee discussion on interests/business issues in a a slightly more formal environment cf. Twitter/Facebook.


Get really good at Excel.  Make it a goal to have it become a specialty of yours.  Practice the basics, learn to create models, read books on it, watch videos etc.  As far as publications, just try and get to the usual suspects on a daily basis.  WSJ, Economist, CNN Money, Yahoo Finance, Seeking Alpha, etc.


"At times the issue seems to be one of  reading comprehension and general information processing. Regardless of length or depth, an email allows for both clarity of message and a persistent record to refresh from. Yet people default  to these hugely inefficient meetings.   Modern meetings also seem to suffer from an issue with mob rule. Very rarely do meeting ""coordinators"" do anything but kick off meetings, instead of acting as a whip/coordinator. Everyone puts more value on a faux-friendly workplace than an efficient one, so no one is willing to be the heavy that keeps the meeting focused and on schedule."


The real reason for America's success is mainly that the King of England actually gave people property rights in N. America to encourage people to settle here, which shockingly enough actually worked and encouraged people to move over here and invest in building a new life. It's not a coincidence that the people moving were religious minorities who had been persecuted. When we rebelled, preserving those property rights (along with establishing liberty/freedom) was of very high importance when the Constitution/Declaration of Independence was written. When people have legal recourse to protect their property they unsurprisingly try and produce more and better property.


Recommended? There's really no perfect answer. You need to know the motivations of the participants in the markets that you will be participating in. For instance, the stock market's purpose is to raise capital (make as much money as possible), whereas the commodities-futures market's purpose is to hedge against producing actual goods. The participants in both markets have different reactions to changes in price.


Why would somebody want an IRA if they have a 401K and a Roth 401K?


Yes. The bank is right. The funds need to be deposited in NRO account. Under the liberalised remittance scheme, you can transfer upto 1 million USD per year. There are prescribed forms that need to be signed by a CA (essentially stating taxes are paid). You can then move this out of India.


Good professional tax advice is expensive. If your situation is simple, then paying someone doesn't give you more than you could get from a simple software package.  In this case, doing your own taxes will save you money this year, and also help you next year, as your situation grows steadily more complex. If you don't do your own taxes when you're single with a part time job, you'll never do it when you have a family, a full time job, a side business, and many deductions. Learning how to do your taxes over time, as your 'tax life' becomes complex, is a valuable skill. If your situation is complex, you will need pay a lot to get it done correctly. Sometimes, that cost is worthwhile. At bare minimum, I would say 'attempt to do your taxes yourself, first'. This will force you to organize your files, making the administrative cost of doing your return lower (ie: you aren't paying your tax firm to sort your receipts, because you've already ordered them nicely with your own subtotals, everything perfectly stapled together). If your situation is complex, and you find a place to get it done cheaply (think H&R Block), you will not be getting value for service. I am not saying a low-end tax firm will necessarily get things wrong, but if you don't have a qualified professional (read: university educated and designated) doing your return, the complexities can be ignored. Low-end tax firms typically hire seasonal staff, train them for 1-2 weeks, and mostly just show them how to enter tax slips into the same software you could buy yourself. If you underpay for professional services, you will pay the price, metaphorically speaking. For your specific situation, I strongly recommend you have a professional service look at your returns, because you are a non-resident, meaning you likely need to file in your home country as well. Follow what they do with your return, and next year, see how much of it you can do yourself. Before you hire someone, get a fee quote, and shop around until you find someone you are comfortable with. $1k spent now could save you many headaches in the future.


Generally, if you have a loan, you have a credit score. But since you have never had a loan before, then it is likely that you do not have a credit score. You should not be worried if you aren't planning on applying for credit and/or loans. If you are wanting to purchase a house, car, or even just having a credit card, you should work on obtaining a secure loan so then you can establish history.  Most of the time you have to pay to view your credit score. By law, you can obtain a free copy of your credit report, which it sounds like you have at annualcreditreport.com, which only shows your payment history, but in order to view your credit score, you generally have to pay for it.


Since the bondholders have voted to reject the emergency manager's plan, which would have paid them pennies on the dollar, the city is now attempting to discharge its short-term and long-term debt. If they get what they want in court, it is likely these bonds will become worthless. Even if they are only able to restructure the debt, its likely that bondholders will need to accept large concessions. However, this may not be immediately reflected in bond prices as it's very possible that the market for these bonds will be very limited in terms of who they could sell them to. If you were to buy them now , that would be a bet on some outcome other than bankruptcy and the discharge of the city's long-term obligations. President Obama has already stated that he monitoring the situation, and it seems unlikely to me that after all of the support given to the auto industry in the last several years that the federal government will do nothing, if only to avert job losses. However, I think it's likely that state aid will be limited at best, as Michigan's economy has been struggling for a number of years. There aren't many large precedents to look at for guidance. One of the largest public entities to declare bankruptcy, Orange County, was a very different situation because this was due to malfeasance on the part of its investment manager, whereas Detroit's situation is a much larger structural problem with its declining economy and tax base. I think the key question will be whether the Federal Government will consider a Detroit bankruptcy to be a large enough embarassment/failure to take significant action.


I didn't mean that in a pedantic sense.  Facebook hasn't been a simple object belonging to a particular person for some time now.  I would say his influence must now be lessening, and other forces will determine  FB's destiny.


edit: nevermind.  i glanced and thought you meant total market mutual funds.    For fixed income - if you want to get a good analysis of the bond market/interest rates, i would suggest you read some of bill gross' letters off the pimco site - a lot of discussion about our current zero bound interest rates.    For equities - I have the view that if the economy is doing well, people are less inclined to focus on dividend yield...thereby lowering the relative multiples on dividend/fcf yielding stocks.  So total return fund may be trading slightly cheaper.


"Amazon already has their ""answer to slack"" in [Amazon Chime](https://chime.aws/) but its not nearly as polished or feature rich.   Teams is better than Chime but far worse than slack, as well.   On the one hand, you're absolutely right that slack is just fancy irc. On there other, your dead wrong about even the likes of MS or AZ being able to clone it in months, maybe years, let alone weeks. That also ignores all of the integrations that already exist for slack.   I'm sure some of the OSS versions are decent but I haven't had the opportunity to use them much, yet."


Summary:  MHRA of UK said Xu was bringing fake drugs into Europe. They had ICE from US help meet Xu in Thailand. Found out Xu's wife loved materlistic things like diamonds.  They used Xu's wife's love of diamonds to lure him to the US by offering whole sale price for diamonds. Xu went. They arrested him. Charged in US.  Xu had a European dealer, Gillespie, who was the one ferrying the goods to UK, and through a few things, found link and charged him. Gillespie claims it was all conspiracy to blame someone in Europe, he happen to be fall guy.


"Really this is no different from any kind of large lump sum and having a mortgage.  There are probably many questions and answers on this subject.  It really doesn't matter that the proceeds were the result of a sale, an inheritance would not change the answer. I think it is important to note that the proceeds will not eliminate the house 2 mortgage. A high level choice of investment one makes is between equity (such as stock) and debt investments (such as bonds and mortgages).  You are in a unique case of being able to invest in your own mortgage with no investment fee.  This may tip the scales in favor of paying down the mortgage.   It is difficult to answer in your specific case as we don't know the rest of your finances.  Do you have a sizable 401K that is heavily invested in stocks?  Do you have the need for a college fund?  Do you have an emergency fund?  Do you have a desire to own several homes generating income property? If it was me I'd do the following in order, skipping steps I may have already completed: I've heard that the bank may agree to a ""one time adjustment"" to lower the payments on Mortgage #2 because of paying a very large payment. Is this something that really happens? I really kind of hate this attitude.  Your goal is to get rid of the mortgage in a timely manner.  Doing such makes paying for kids college a snap, reduces the income one might need in retirement, basically eliminates the need for life insurance, and gives one a whole lot of money to have fun with."


"That's incredible! I'm a second-year college student taking Macro-Economics class, a lot of these technical things are all news to me.   Thank you for the wealth of information!   1) That's an interesting thought. Does that basically translate to ""less tax on poor/wealthy (since there are a lot more of them in numbers) to promote entrepreneurship?   2) Someone pointed that very thing out. Rich using money to grow their own wealth. But wouldn't that mean as a byproduct, jobs will be made? I probably made another dangerous assumption here.   3) I don't think I understand this one at all. What is compensation? Will you rephrase it for me?  4) I hear that ""effective,"" tax rate can be very misleading to the general public. (I learned how to calculate the average tax rate a few weeks ago and understood what the folks were talking about!) I did hear from my professor and the educational videos he had shown us that the capital  tax is one of the highest among the other OECD nations. My question for that would be, why can't we just close loop-holes instead of choosing to slash capital tax? I feel like the majority will be more than okay with closing the loopholes.  5) I think citizens of the country aligning with the county's companies without asking questions is a terrible, and a dangerous idea. (Asian Depression in the mid 90's really showcased it for me, since our family was practically evicted from Korea) Major conglomerates held all the power and the federal government was really just a puppet. I think it's in each company's best interest to further their own agenda, and that agenda usually means bad for the majority. Let me know if I'm way off base here but ""one person's spending is another's income."" So using that logic, the company can't make money unless I spend money. So we have a conflict of interest here, because as a consumer, I want to get the best deals, be thrifty. Company wants to charge me as much as they can, to maximize profits.   Thank you in advance for your time."


It varies. Depending on your brokerage, they may charge you per transaction, so the more transactions, the higher the cost. Though this (from what I've seen), is uncommon with many index funds. In terms of how aggressive you want to be with your investment varies on your comfort with risk, timeline of investment and many other factors beyond the scope of this question.  The biggest issue you may need to be aware of is if you are looking at mutual funds, they may have minimum investments. Depending on what that minimum investment is set to, you may not be able to split your $5500 into more than one fund.  A lot of this comes down to the specific funds in which your are anticipating investing, as well as the service you use to do so (Fidelity, Vanguard, etc). Ultimately, diversification can be a lot safer, but there are logistics to consider. Personally, I began with a target fund (a mutual fund with adjusted risk based on the estimated year of retirement) and add additional mutual funds, stocks and ETFs as time goes on.


I never said it didn't have a visible effect on local economies, but the total from your posts barely clicks over 100k jobs. Advances in engineering have devastated the manual labor industry much more than any outsourcing could accomplish.


"> Are there any good reasons for apps to keep tracking you even if you're not using it ?  Uh yeah, so they can collect revenue by selling the data they collect.  Duh...   /s  Seriously though, its been in Apples best interest to encourage this type of monetization, because it incentivizes app developers to create apps and release them for ""free""."


If your employer matches a percentage of your contributions, then you should try to max out your plan. Once you have completed maxing out your 401k, you may want to open up an IRA for several reasons: will your 401k be enough to sustain your lifestyle in retirement? Your IRA allows you to save even more for retirement. you can invest in all sorts of stuff through your IRA that might not be available in your plan. you can withdraw the principal from your IRA, usually after five years. This serves as another form of savings. IRAs have some asset protection in the event of bankruptcy. A normal savings or investment account usually does not offer such protection.


Windows 8 may or may not be awesome, what matters is when people don't like it.  I've had to reinstall the CEO's laptop because he refused to use it.  He didn't like Windows 8 and didn't want to learn it.  I'd say at least 80-90% of the people that I know to have used it, hate it.  One of the execs has a Win8 laptop his kids refuse to use, they all fight over the other laptop instead.  (he also asked me to reinstall it)    That's anecdotal, but from what I've seen it's not getting the greatest reception.


Ya, that's it.  I come across a lot of trash every day, from lots of news sources (even reputable ones).    Knowing what's actually going on - left, right or otherwise - helps you pick out when the author of an article has:  * Taken things out of context * Drawn incorrect/unsubstantiated conclusions; * A general axe to grind.


I received a $2,000 bonus... Gross Income is income from whatever source derived, including (but not limited to) “compensation for services, including fees, commissions, fringe benefits, and similar items.”  Adjusted Gross Income is defined as gross income minus adjustments to income.  My question is, must I still report this money on my tax return and if so, how? Yes, and it would be on line 21 of your 1040 with supporting documentation. Are these legal fees deductible as an expense, and where would I list them? Yes, you would aggregate your deductible expenses and place these on your Schedule A. Instructions here. Good Luck. Edit: As Ben Miller pointed out in the comments, the deduction would be placed in either line 23 or 28 depending on the nature of the attorney (investment related or not).


I think that Bob has good reasons for his planned spending and should follow his plan, not the dubious advice from an account rep.


The company gives the best automotive dealership valuation services. Basically, our company aims the better services our client in the world  Please locate the automotive expert witness you are searching for by clicking on our company website link. The dealership valuation firm found on this page may consult on issues regarding automotive engineering, automotive technology, commercial vehicles, manufacturer warranties, and automotive dealer. The company consultants may provide reports concerning auto defects, automotive recalls, auto engines, automotive fires, automotive suspension, automotive electrical system.


I am not a lawyer but I do not see a legal problem here. However, if the puts in the Roth IRA are not purchased at fair market value that could be a problem. For example, if your traditional IRA sold puts to the Roth IRA below fair market value that would not be allowed. However, from your post, it appears that you will be buying the puts from a third party so that will not be an issue. There is something else that just cross my mind. Imagine that you own 100 shares of the XYZ stock in your traditional IRA and 100 shares of the XYZ stock outside of an IRA. Now, you buy a put on the XYZ stock inside your Roth IRA. Are the dividends on the XYZ stock still qualified? I do not know but my guess is the answer is no.


I use Amazon all the time but they are hardly a monopoly. I buy from other sites as much or more than I do Amazon. It's big and has great customer service but not always the best prices. They are far from being a monopoly and the chances of that happening are super simple. They'd have to run every single online store out of business and that's impossible.


Advice to myself: the benefits of being self-employed totally outweigh the risks!


Walmart is one of the biggest low wage employers. Let's say $1B of the $2.66B is spent on subsidizing Wal-Mart employees.  That's >$3 per US citizen, that we all pay and cannot put back into the economy how we wish. I don't even shop at wal mart and I'm forced to subsidize their employees. IMO, that is not fair. This just incentivizes walmart to hire more cheap government-subsidized employees, rewarding walmart's  on my back.  So let's do this: For every government dollar spent on helping low-wage employees subsist, we tax the employer the same dollar.  From this I bet we would see walmart building housing for their employees, maybe even cafeterias, to get them off section 8 / food stamps. That is more efficient than sending money to the IRS, it makes its way to HUD, then to some government employees who are overburdoned, then we pay out section 8 money to landlords. That's inefficient. I know of walmart employees who rely on $1400/month in section 8, so walmart's tax bill would increase substantially, costs would rise, but tax receipts that we all have to currently pay would decrease by the same amount. So overall costs stay them same, but the finances are more efficient and where they should be vs spread around.


"I don't think AirBnB should be regulated in that way. And look, there are far fewer problems with Airbnb than with hotels and motels. And without the need of government intrusion! Why? Because Airbnb's reputation model works far better than the ""government will make everyone okay"" model. I've stayed at a lot of hotels, and I would take ANY Airbnb I've stayed at over a hotel any day!   Airbnb is a perfect example of the free market working just fine. The government is ONLY wanting to get involved because of the hotel lobby. Hotels are a multi-billion dollar industry, and if anyone thinks that they are just going to bend over and take it from Airbnb they they're a fool. They are fighting back with the use of ""native ads"" like this. Along with support from politicians who will sell out to any industry associations willing to line their campaign coffers.   This is an industry fight. It's about old dying industries fighting the new economy, and entrepreneurs.   Its nasty, underhanded, and full of lies. Cracked just totally lost me with this ""fake news."""


"I think we'd need to look at actual numbers to see where you're running into trouble. I'm also a little confused by your use of the term ""unexpected expenses"". You seem to be using that to describe expenses that are quite regular, that occur every X months, and so are totally expected. But assuming this is just some clumsy wording ... Here's the thing: Start out by taking the amount of each expense, divided by the number of months between occurrences. This is the monthly cost of each expense. Add all these up. This is the amount that you should be setting aside every month for these expenses, once you get a ""base amount"" set up. So to take a simple example: Say you have to pay property taxes of $1200 twice a year. So that's $1200 every 6 months = $200 per month. Also say you have to pay a water bill once every 3 months that's typically $90. So $90 divided by 3 = $30. Assuming that was it, in the long term you'd need to put aside $230 per month to stay even. I say ""in the long term"" because when you're just starting, you need to put aside an amount sufficient that your balance won't fall below zero. The easiest way to do this is to just set up a chart where you start from zero and add (in this example) $230 each month, and then subtract the amount of the bills when they will hit. Do this for some reasonable time in the future, say one year. Find the biggest negative balance. If you can add this amount to get started, you'll be safe. If not, add this amount divided by the number of months from now until it occurs and make that a temporary addition to your deposits. Check if you now are safely always positive. If not, repeat the process for the next biggest negative. For example, let's say the property tax bills are April and October and the water bills are February, May, August, and November. Then your chart would look like this: The biggest negative is -370 in April. So you have to add $370 in the first 4 months, or $92.50 per month. Let's say $93. That would give: Now you stay at least barely above water for the whole year. You could extend the chart our further, but odds are the exact numbers will change next year and you'll have to recalculate anyway. The more irregular the expenses, the more you  will build up just before the big expense hits. But that's the whole point of saving for these, right? If a $1200 bill is coming next week and you don't have close to $1200 saved up in the account, where is the money coming from? If you have enough spare cash that you can just take the $1200 out of what you would have spent on lunch tomorrow, then you don't need this sort of account."


Video linked by /u/Alex6373:  Title|Channel|Published|Duration|Likes|Total Views :----------:|:----------:|:----------:|:----------:|:----------:|:----------: [Новые краны и майнинг! Разделение биткоина часть 2! Установка Биткоин кошелька! Список кранов сатоши](https://youtu.be/tf4uC9I-EoQ)|Вектор Криптовалют|2017-07-31|0:05:25|0+ (0%)|4  > ¦ Ссылка на регистрацию в проектах: | Miningbtc:...  ---  [^Info](https://np.reddit.com/r/youtubot/wiki/index) ^| [^/u/Alex6373 ^can ^delete](https://np.reddit.com/message/compose/?to=_youtubot_&subject=delete\%20comment&message=dkysba1\%0A\%0AReason\%3A\%20\%2A\%2Aplease+help+us+improve\%2A\%2A) ^| ^v1.1.3b


As far as I can tell, it works like this: (Note, I am assuming you were 18 on Jan 1 2009) Contribution limits: So by the end of 2012, you will have been allowed to contribute $20,000 of new money. You say you've contributed $10,000, so you still can contribute another $10,000 of new money this year (But let's assume you do not...). Now, your original $10,000 has grown to $25,000.  You can withdraw this without penalty.  Next year, you will be given an allotment of another $5000 of new money (bringing your total lifetime limit to $25,000 - $10,000 = $15,000 new money) PLUS, you will be allowed to re-contribute up to $25,000 of OLD money. Of course, the government doesn't make a distinction between old and new money, so the net effect is (assuming a 25k withdrawal): 2012 limit: $10 000 2013 limit: $40 000 less 2012 contributions. From http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/tfsa-celi/cntrbtn-eng.html: The TFSA contribution room is made up of: From this wording, it means the 25 k you withdraw will go to the 2013 contribution room (bullet 3).  If you don't re-contribute, it will roll over into the 2014 contribution room (Under bullet 2)   For correctness, I must add that I did not include any indexing of the annual amount.


You could go with either of: Choosing this you'd pretty much have minimized your risk by using the whole world asa market.