I worked at Wells Fargo Home Mortgage right before all the ARM loan stuff hit the news. Everyone on the board was constantly talking about increasing their portfolios.  One of the main ways they aimed to do this was by creating new loan products aimed at non-traditional borrowers (read: people who didn't meet the requirements for their traditional loan products). We had quarterly company-wide meetings to inform us about this kind of thing and it never really seemed like a great plan to me. Two years later, and the banks started failing.


"The ""random walk"" that you describe reflects the nature of the information flow about the value of a stock.  If the flow is just little bits of relatively unimportant information (including information about the broader market and the investor pool), you will get small and seemingly random moves, which may look like a meander.  If an important bit of information comes out, like a merger, you will see a large and immediate move, which may not look as random. However, the idea that small moves are a meander of search and discovery and large moves are immediate agreements is incorrect.  Both small moves and large moves are instantaneous agreements about the value of a stock in the form of a demand/supply equilibrium.  As a rule, neither is predictable from the point of view of a single investor, but they are not actually random.  They look different from each other only because of the size of the movement, not because of an underlying difference in how the consensus price is reached."


"VaR is statistical, so you can set the confidence interval to 5%, 1%, 0.01%, etc. VaR is the same thing as standard deviation applied over a specific time frame, its just a matter how you come up with it. For example the 95% VaR is something like 1.65 standard deviations of the returns. as you increase the number of std dev (Z score), you're confidence interval widens and you capture more of the outliers. if you set it to 99.99%, you can envision the return distributions for all but the .01%. choose between the 2? VaR is more practical on a day to day, but shortfall is better for extreme events, like 2008 when lehman collapsed or the russian debt crisis when yields blew out.  VaR has a lot of caveats about it, in that it considers everything ""under normal market conditions"". reality is, under normal market conditions, you're less concerned about risk. you want to know expectations when things go really wrong. VaR is best used as part of a risk management package, in conjunction with stress tests, duration/ DV01, liquidity analysis, etc, but its sort of leaves a lot of holes as a standalone. from a reporting and regulatory standpoint, VaR is generally accepted, and many firms reporting one day VaR in their financials (JPM, Goldman).  tracking error tends to be company specific. from what i've seen, its mostly funds who have to manage to a benchmark, like a pension or FoF with a specific mandate, so they can't have too much deviation from that. you'll see this with beta too, but its the same idea.   capital adequacy is slightly different from market risk. your PB or whoever will asses your portfolio holdings and apply a haircut to them based on risk and liquidity. for example you'll get close to 100% margin credit for stocks, but only a fraction of that applied to your account for a CDO^2 since liquidity is non-existent."


Heck, my father could only buy certain models of hard drives from select manufacturers when he was working for the DOD. They knew that many foreign made devices had firmware that would automatically skim the files and send them off to the old country. I'd be surprised if foreign software didn't do the same thing also.


CHN is a Closed-End Fund. CHN actually pays out three types of distributions: In the case of CHN, they appear to be paying yearly.  The most recent dividend, with exdate of 18 Dec 2014, consisted of $3.4669 of Long-term capital gains and $0.2982 cash dividend. Prior to that, the dividend with exdate of 19 Dec 2013 consisted of $2.8753 long-term capital gains and $0.4387 cash dividend. For a standard dividend yield you typically would not expect short-term and long-term capital events to be included in a yield calculation, as these events really only occur in relation to a fund rebalancing (changing its investments) and are not really due to the actual performance of the fund in any way.  Most free sites that provide dividend information do not make a distinction on the dividend type. Data source: Premium Data Full Disclosure: I am a co-owner of Premium Data/Norgate.


"According to communication expert and author of Small Message, Big Impact: The Elevator Speech Effect, Terri Sjodin defines an elevator speech this way:  >""An elevator speech is a brief presentation that introduces a product, service, philosophy, or an idea. The name suggests the notion that the message should be delivered in the time span of an elevator ride, up to about three minutes. Its general purpose is to intrigue and inspire the listener to want to hear more of the presenter's complete proposition in the near future."""


I would just buy a low-cost diversified equity ETF. VTI is pretty solid. Also, JW are you working or in school? If you are working you should consider opening an IRA or Roth IRA. Also if your employer has a 401k or other retirement plan you can contribute to I would advise doing so.


My wife wanted to return all the unused hurricane supplies we bought before it hit here in southeast Florida. We only lost power for 24 hours so we had a lot of stuff unused. I told her I considered that shady and told her not to do it, we would use it over the coming year. When you encourage the abuse of return policies you can't fault stores for tightening up their rules.


I know in the UK at least, 99% of the time even legitimate collectors don't work directly for the charity.  They work for independent for-profit companies.  The companies collect a large comission (around £50-£70) for every direct debit signup. The guy that knocks on your door will see very little of it.  Have a look at this: http://blogs.mirror.co.uk/investigations/2005/08/just-6-for-eight-days-work-for.html The bags you get through your door for clothing donations are run on a similar basis - the clothes and profit go to a private company, which makes a donation to the charity out of their profits.  Sometimes as little as 0.1% of your donation will go the charity. Always go direct to your chosen charity.


basically the selling (for banks) means you will exchange PHP to MYR buying simply MYR to PHP the bank will buy your MYR in exchange to PHP. and you will sell your MYR to PHP. I think it has something to do with processing fee..


If you are using a US broker, you are protected by SIPC up to $500,000. SIPC also oversees the liquidation of the broker itself, either by appointing a trustee, or by directly contacting clients. If they are able to transfer accounts to a healthy broker before bankruptcy, they will do so, but if not, you will need to file a claim with them.


Enriched fragments are the few extra lines of text / graphics that include some search results. They are designed to give users a better idea of the content that contains the search result, as well as their relevance to your query. The schema tag, also known as enriched fragments or structured data, is a way to sort and identify important information on your site. Search engines favor additional HTML markup because it facilitates the identification of this key information.


Can you advice what I should take care about, or just continue to maximize equity? As others have said, you definitely need to learn about risk management and position sizing, but I also think you should consider:


Well it's a well-known fact, sonny-jim, that there's a secret society of the 5 wealthiest people in the world, known as The Pentavirate, who run everything in the world including the newspapers, and meet tri-annually in a secret country mansion in Colorado known as The Meadows. (So who's in this Pentavirate?) The Queen, the Gettys, the Rothschilds, the Vatican...and Colonel Sanders before he went tits up! Ooh I hated the Colonel, with his wee beady eyes and that smug look on his face! Ohh you're gonna buy my chicken! Ooh! (Dad, how can you hate the Colonel?) Because he puts an addictive chemical in his chicken that makes you crave it fortnightly, smart ass!


What do you like to do? If I retired today, at age 27, I'd spend my time still working more or less. I would just be pickier about what I worked on. Do you like to woodwork? Fish? Restore old cars? Program? Anything that is productive. Idk, just telling you what I would be doing.


Yes, for a credit card, payments in excess of the minimum will go toward principal. This is not always the case with a mortgage, where prepayments of extra principal need to be explicitly stated.


What about electrician, plumber, welder, construction with on the job training to work specialized equipment, mechanics that specialize on certain brands of vehicles, HVAC specialists, and so on? By the way, the apprentice of the year a few years ago for welding in my Hubby's union was a woman looking to move up to engineering after the training paid by the union was complete. There are also the office jobs that train people for the specialized requirements as they go like bookkeeping. Too many don't look in the right places and are not willing to put in the extra hours and work for the paid as you work training these jobs provide for entry level applicants.


"This is the best tl;dr I could make, [original](http://www.nber.org/digest/jul17/w23392.shtml) reduced by 83%. (I'm a bot) ***** > The use of lead in gasoline, paint, and other products has been sharply restricted since the 1970s as part of a national effort to reduce the incidence of neurological and other medical problems associated with lead ingestion, particularly by children.  > The regulatory bans on lead use have resulted in decreased childhood exposure to lead, and some scholars argue that the drop in crime rates in recent decades is partly explained by declining lead exposure.  > Because lead exposure is often associated with other challenging childhood circumstances, the links between lead exposure in children and later criminal behavior patterns has remained subject to debate.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6my4gm/lead_exposure_linked_to_school_problems_and_crime/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~165806 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **lead**^#1 **exposure**^#2 **children**^#3 **rate**^#4 **juvenile**^#5"


That's a really good idea, though in most cases like this the template letter is sufficient: Someone with legal expertise drafts a template letter with the proviso that this letter will probably have the desired effect under a specific set of circumstances. If this set of circumstances apply to you, then you can print this letter out and send it...  Legally, a properly worded denial by an individual is no different than the same denial written by a lawyer, so unless someone has actually began litigation there's rarely a necessity to seek legal advice. And in most cases firing off a denial (or a fuck-off letter) is more legally advantageous than silence, so it might not even be worth it...


It's actually quite simple. You're actually confusing two concept. Which are taking a short position and short selling itself. Basically when taking a short position is by believing that the stock is going to drop and you sell it. You can or not buy it back later depending on the believe it grows again or not. So basically you didn't make any profit with the drop in the price's value but you didn't lose money either.  Ok but what if you believe the market or specific company is going to drop and you want to profit on it while it's dropping. You can't do this by buying stock because you would be going long right? So back to the basics. To obtain any type of profit I need to buy low and sell high, right? This is natural for use in long positions. Well, now knowing that you can sell high at the current moment and buy low in the future what do you do? You can't sell what you don't have. So acquire it. Ask someone to lend it to you for some time and sell it. So selling high, check.  Now buying low? You promised the person you would return him his stock, as it's intangible he won't even notice it's a different unit, so you buy low and return the lender his stock. Thus you bought low and sold high, meaning having a profit. So technically short selling is a type of short position. If you have multiple portfolios and lend yourself (i.e. maintaining a long-term long position while making some money with a short term short-term strategy) you're actually short selling with your own stock. This happens often in hedge funds where multiple strategies are used and to optimise the transaction costs and borrowing fees, they have algorithms that clear (match) long and short coming in from different traders, algorithms, etc. Keep in mind that you while have a opportunities risk associated.  So basically, yes, you need to always 'borrow' a product to be able to short sell it. What can happen is that you lend yourself but this only makes sense if:


> Look what amazon did with their servers.   What did they do. I know they own the most computing power in the world, I'm just not sure what strategy from AWS would possibly be applied to shipping. Can you explain which strategy connected to AWS would apply to shipping? You say you can see them doing the same, what do you mean by doing the same? How is does that answer the person you were responding to?


Video linked by /u/Alex6373:  Title|Channel|Published|Duration|Likes|Total Views :----------:|:----------:|:----------:|:----------:|:----------:|:----------: [Что будет с биткоином 1 ноября? Какой курс биткоина?Разделение биткоина! Хардфорк!Что делать дальше?](https://youtu.be/nhXxz2rgwNI)|Финансовый Вектор|2017-10-08|0:03:13|2+ (100%)|3  > Друзья, в этом видео, вы узнаете ,что будет с биткоином  1...  ---  [^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=do2lte4\%0A\%0AReason\%3A\%20\%2A\%2Aplease+help+us+improve\%2A\%2A) ^| ^v2.0.0


"USPS is being raped by two things. Competition is not one of them. 1: They are not allowed to set their own prices. 2: They were mandated to prepay pensions for many years by W.   They would have had a $3 Billion profit, if they did not have to prepay all their pensions, which, coincidentally, none of their ""competition"" has to do."


I would take each of these items and any others and consider how you would count it as an expense in the other direction. If you have an account for parking expenses or general transportation funds, credit that account for a refund on your parking. If you have an account for expenses on technology purchases, you would credit that account if you sell a piece of equipment as you replace it with an upgrade. If you lost money (perhaps in a jacket) how would you account for the cash that is lost? Whatever account would would subtract from put a credit for cash found.


If it is Texas company, you can try doing a taxable entity search on the Texas Comptroller website.


"It's too much work.  Same with insurance.  ""Shopping for insurance is a hassle""  Why the fuck is this the normal, hopefully not but people I talk to, attitude?  If people can fuck with you and make a lot of money they will.  People just don't care and it's very strange.  Then again it doesn't affect me.  These scammers aren't getting a dollar out of me."


I would imagine that a wire transfer would be the best way to transfer large amounts of money without the risk of carrying cash or dealing with plastic.


"Your broker likely didn't close your position out because it is a covered position. Why interfere with a trade that has no risk to it, from their perspective? There's no risk for the broker since your account holds the shares available for delivery (definition of covered), for if and when the options you wrote (sold) are exercised. And buyers of those options will eventually exercise the options (by expiration) if they remain in-the-money. There's only a chance that an option buyer exercises prematurely, and usually they don't because there's often time value left in the option. That the option buyer has an (ahem) ""option"" to exercise is a very key point.  You wrote: ""I fully expected my position to be automatically liquidated by whoever bought my call"". That's a false assumption about the way options actually work.  I suggest some study of the option exercise FAQs here: Perhaps if your position were uncovered – i.e. you wrote the call without owning the stock (don't try this at home, kids!) – and you also had insufficient margin to cover such a short position, then the broker might have justifiably liquidated your position. Whereas, in a covered call situation, there's really no reason for them to want to interfere – and I would consider that interference, as opposed to helpful.  The situation you've described is neither risky for them, nor out of the ordinary.  It is (and should be) completely up to you to decide how to close out the position. Anyway, your choices generally are:"


"The biggest reason why one might want to leave 401k money invested in an ex-employer's plan is that the plan offers some superior investment opportunities that are not available elsewhere, e.g. some mutual funds that are not open to individual investors such as S&P index funds for institutional investors (these have expense ratios even smaller than the already low expense ratios of good S&P index funds) or ""hot"" funds that are (usually temporarily) closed to new investors, etc. The biggest reason to roll over 401k money from an ex-employer's plan to the 401k plan of a new employer is essentially the same: the new employer's plan offers superior investment opportunities that are not available elsewhere. Of course, the new employer's  401k plan must accept such roll overs. I do not believe that it is a requirement that a 401k plan must accept rollovers, but rather an option that a plan can be set up to allow  for or not.  Another reason to roll over 401k money from one plan to another  (rather than into an IRA) is to keep it safe from creditors. If you are  sued and found liable for damages in a court proceeding, the plaintiff can come after IRA assets but not after 401k money.  Also, you can take a loan from the 401k money (subject to various rules about how much can be borrowed, payment requirements etc) which you cannot from an IRA. That being said, the benefits of keeping 401k money as 401k money must be weighed against the usually higher administrative costs and usually poorer and more limited choices of investment opportunities  available in most 401k plans as Muro has said already."


"Similar, but actually quite different.  A negative income tax on the first $20,000/year has a couple of problems this scheme doesn't:  1) Administration costs and legal complexity.  Are we ""prebating"" or ""rebating"" the stipend?  How is someone supposed to get along if they lose their job unexpectedly in a rebate-based system, can they get their income-tax withholdings back up to $20,000/year?  How does the government register changes in income to know when to write someone a check?  2) With a negative tax up to a certain *fixed* level, there's effectively a changing level of subsidy depending how much of the per-capita income is the break-even tax level.  If the per-capita income is $45,000/year (our current GDP per capita), then the subsidy level is almost 50%, and if it goes up to $60,000/year (our current mean household income), the subsidy level is then 33%.  The system I described and steepk (IIRC) invented fixes the subsidy percentage in relation to the mean reported income (effectively fixing a *relative class level* as minimum) rather than a particular monetary amount (whose relative buying power versus inflation or other incomes can fluctuate wildly).  We pick a subsidy level, say 1/3 (33.33333%).  We then impose a flat income tax of that level plus a little bit more for administration costs (say, 35%).  At the end of the year, everyone is taxed at that flat level, and the government scrapes its administration costs off the top and now has a big pot with 1/3 of everyone's income in it.  This is divided into one portion for each taxpayer, and those portions into monthly or biweekly pieces.  These pieces are sent out regularly as checks to the taxpayer, and *these checks are not taxed as income*.  That last bit is what makes this so nice: it turns the tax progressive, in fact more progressive than our current system.  After taxes and *after stipend*, only the rich will pay an *effective* tax rate asymptotically close to the real 35%.  Most people without incomes many, many times the size of their stipends will be looking at an effective tax rate of less than 15%, including the tax-paying middle class and the professional upper-middle class who currently bitch so much about our tax rates being so confiscatory (which they *are*, for the abysmal level of social services we receive).  Now, to get back to the big benefits of fixing the subsidy percentage.  This means that the subsidy grows with mean income, effectively functioning as easy to run, fair, and direct wealth redistribution without the difficulty of trying to create efficient, productive WPA-style jobs or imposing market-distorting subsidies.  It also means that we can allow things like automation to improve the productivity of our economy because *everyone* gets a share: if automating a certain job is truly more efficient than having a worker do it, the capitalist's income-gain from automation will push up the mean income, and therefore the basic income, further than the worker's lesser income and the capitalist's lesser profit would have."


Latest, worldwide is focus on secure energy underscores the need for re-evaluating all power alternatives, mainly the ones that are clean and renewable. because despite the fact that the worldwide economy is popping out of a current recession, oil prices are climbing and the call for alternative renewable assets is constantly developing. Indeed, the alternative energy marketplace is one of the few markets that have visible substantial increase at some stage in the recent recession of the ultimate two years. Brazil Renewable Energy resources are assets of strength that are continuously replenished. One thing is clear; the need for more efficient use of energy with the integration of renewable strength sources is present.


"It is unusual to need a consultant to open a bank account for you, and I would also be concerned that perhaps the consultant could take the money and do nothing, or continue to demand various sums of money for ""expenses"" like permits, licenses, identity check, etc.  until you give up.    Some of the more accepted ways to open a bank account are: A: Call up an established bank and follow their instructions to open a personal account . Make sure you are calling on a real bank, one that has been around a while. Hints: has permanent locations, in the local phone book, and has shares traded on a national stock exchange.  Call the bank directly, don't use a number given to you by a 3rd party consultant, as it may be a trick... Discuss on the phone and find out if you can open an account by mail or if you need to visit in person.  B: Create a company or branch office in the foreign country, assuming this is for business or investing.   and open an account by appointing someone (like a lawyer or accountant or similar professional) in the foreign country to represent the company to open an account in person.  If you are a US citizen, you will want to ask your CPA/accountant/tax lawyer about the TD F 90-22.1 Foreign Account Bank Report form, and the FATCA Foreign Account Tax Compliance Act. There can be very large fines for not making the required reports.   The requirements to open a bank account have become more strict in many countries, so don't be surprised if they will not open an account for a foreigner with no local address, if that is your situation."


"Hope you're being downvoted for the second sentence... because ya know that strange yet fashionable resignation and BTMFD, bull market just started, never going down, etc. learned behavior ""sentiment"". First sentence is fact based on what you hear in the news alone ;)"


Yes, you did. To give an example of the contract terms that allow this, the [Capital One credit card agreement](https://www.capitalone.com/media/doc/credit-cards/Credit-Card-Agreement-for-Consumer-Cards-in-Capital-One-N.A.pdf) states:  > Credit Reports >  > We may report information about your Account to credit bureaus and others. Late payments, missed payments, or other defaults on your Account may be reflected in your credit report. Information we provide may appear on your and the Authorized Users’ credit reports. > > If you believe that we have reported inaccurate information about your Account to a credit bureau or other consumer reporting agency, notify us in writing at PO Box 30281, Salt Lake City, UT 84130-0281. When you write, tell us the specific information that you believe is incorrect and why you believe it is incorrect. > > We may obtain and use credit, income and other information about you from credit bureaus and others as the law allows.


If you're a Canadian resident then yes, it is taxable to you. The islands don't have income taxes on income earned there, but your country does. If you lose your Canadian residency and move to live in these islands, then the answer may change.


I am curious what will happen when the Baby Boomers, with all their choice vacation homes that they got or inherited when houses were significantly less expensive, all begin to die off and move to assisted living.  There is an bubble there I don't see discussed.


What makes you think that new jobs will be created as fast as old ones are made obsolete?   Also, doesn't it seem like we've reached some kind of inflection point in automation in the last decade, and now automation is replacing 'menial' jobs faster and faster and even replacing some experts now?


> He has a special class of shares that grants him 37 percent voting power even though his equity stake is much lower, and public shareholders will have less than 2 percent of votes.  Fuck off with your phoney stock.


I expect it goes back long before Eisenhower.  I expect it goes back long before Washington.  I expect it goes back long before Julius Caesar.   That shouldn't mean I can express my disgust at it.  I'm weary of politics, and a company that wants my money doesn't need to pander to any ideology they think I hold.  More specific to this particular story, I don't particularly care how my employees vote.  I pay them for the value they bring to our company; what they do with THEIR money is up to them.


Hey Sheehan, I believe Schwab provides this info.  None of the online free portfolio managers I know of gives you this info.  The now defunct MS Money used to have this. The best thing to do is to use a spreadsheet.  Or you could use the one I use.  http://www.moneycone.com/did-you-beat-the-market-mr-investor/ . (disclaimer: that's my blog)


Most startup community would say don't even bother to secure it unless yours is never done before. If you really done a lot of research and no one has done it before. Maybe you're one of the lucky few in the world with some new idea. Some investors get turned off when you make them sign NDA, especially if you're a first time entrepreneur. But chances are you're probably not.   Instead focus on validating the idea and get market traction.


Split screen to run multiple apps but not all apps work. By far the best feature is the phone won't turn off the screen when your reading long articles or reddit. The hover feature is also sweet. If you want to see more then the first line of an email or text you can hold your finger close to the screen and it will show you a few more sentences. This also works for websites that have mouse over features. That's just a few!


Linkedin blows. With how tough the job market is all it really is is another barrier to entry that puts your butthole on display 24/7 that HR people can crawl through to predetermine your employment. I'm sure it has benefits but it's ultimately just a facebook clone.


They didn't double profits by simplifying the menu.  They completely slashed all their expenses (forcing corporate employees to work double while training their replacements for half the price, etc)  3G is known for this.  Hence the 33 year old CEO, they take everyone senior work them until they quit and replace them with kids who make almost nothing.


You can either write it off or pursue it. If you write it off I wouldn't do business with the client again, until they bring their balance owed to you back to zero.  If you pursue it, try to reach out to the client and find out why they are not paying what they owe you and try to work out a deal with them if they seem negotiable. If they aren't negotiable then you could take the issue to court, but you'll only be proving a point by then.


[You seem to be a little out of the loop](https://theculturetrip.com/europe/germany/articles/the-10-german-fashion-designers-you-should-know/). Germany has never seized to be a big fashion player, they harbored people like Hugo Boss, Karl Lagerfeld, Wolfgan Joop, Jill Sander, Escada, etc.   When the French fashion company Chanel has a German head designer and creative director I fail to see how Germany would not be a big player.


John Marshall Roberts is a bestselling author, a social scientist, and the CEO of Worldview Learning. He has crafted his career around converting corporations and communicating with cynics. In his opinion, empathy is the single-most important skill in business today.  Through strategic communications and values-based messaging, Roberts has made it his mission to help leaders develop the empathy skills required to inspire common vision.  For the last several years, he has used his knowledge of systems theory and developmental psychology to enable socially conscious marketers, business leaders, and activists to win over objectors and inspire radical collaboration.  More and more, savvy business leaders are following his example...


IANAL.  In the UK, you (as a Director) would have obligations to minimise any tax liabilities under these two clauses:  http://www.legislation.gov.uk/ukpga/2006/46/section/172  http://www.legislation.gov.uk/ukpga/2006/46/section/174  Although I can't see the CPS bringing any cases of criminal charge against over-payment of taxes. It wouldn't be unrealistic to have a scenario where shareholders of a failed enterprise sued a Director who was negligent in minimising tax liabilities.  That said, I think the Starbucks strategy is flagrantly breaching the intent of the law, if not the letter.


Introduce him to the concept of Inflation Risk, and demonstrate that being too conservative with your investments might be a very risky strategy as well.


Corporations are removed from the options markets.  They can neither permit nor forbid others from trading them, local laws notwithstanding. No national options market is as prolific as the US's.  In fact, most countries don't even have options trading.  Some won't even allow options but rather option-like derivatives. Finance in Canada is much more tightly regulated than the US.  This primer on Canadian option eligibility shows how much. While US eligibility is also stringent, the quotas are far less restrictive, so a highly liquid small company can also be included where it would be excluded in Canada for failing the top 25% rule.


Robert Shiller published US Stock Market data from 1871.  Ken French also has historical data on his website.  Damodaran has a bunch of historical data, here is some historical S&P data.


Take your business elsewhere, where the products and services are priced at a level you agree to pay.  This does two things.  First, you end a bad business relationship.  Why bad?  Because you're not happy with the deal.  Second, it sends an unambiguous signal to the losing bank that you were unhappy with their service.  If they offer an exit survey, complete it, and be sure to tell them what made you unhappy with their service. In a free market economy, if consumers all take their business where the terms are favorable, supply and demand would force the banks to compete for consumers' business.


"This is the best tl;dr I could make, [original](https://www.japantimes.co.jp/opinion/2017/10/30/commentary/world-commentary/china-versus-washington-consensus/) reduced by 92%. (I'm a bot) ***** > Through the &quot;Made in China 2025&quot; program, China&#039;s leaders are seeking to use state-defined objectives to drive Chinese industry toward higher technology and value-added.  > The tools available to China to manage such a slowdown within a &quot;Hybrid socialist market economy,&quot; and thus to maintain strong medium-term growth, should not be underestimated.  > If China had more comprehensively embraced the policy prescriptions implied by the Washington Consensus over the last ten or 20 years, its economic growth would have been considerably slower.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/79u9zi/china_versus_the_washington_consensus/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~238111 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **China**^#1 **growth**^#2 **economic**^#3 **market**^#4 **economy**^#5"


Sometimes when I'm reading articles like this, I have to assume the writer must be 14 years old and have zero memory other than the recent past.  In the late 1990s, early 2000s windows had complete fan boys. Its only very recently that this has shifted.


">Dick's warned analysts and investors about an ""irrational"" pricing environment in the sporting goods space.     False, it's perfectly rational. When given a choice between a retail store like Dick's, which cannot dynamically change their costs or their prices very quickly, and Amazon, which can, people are choosing Amazon since that's the better option for consumers. The pricing environment is rational too, they just can't compete."


The answer for this question varies from person to person. However most cards give lousy rewards percentage-wise. Take a look at where your money is being spent each month (say with a tool like mint.com), and seek out a card that rewards you in categories where you already spend a lot of money.  Many people here have suggested cards with high gas rebates, and that's great if you drive more than anything else. However, the important thing is to pick what benefits you most.


Are you implying that Amazon is a better investment than GE because Amazon's P/E is 175 while GE's is only 27?  Or that GE is a better investment than Apple because Apple's P/E is just 13.  There are a lot of other ratios to consider than P/E.  I personally view high P/E numbers as a red flag.  One way to think of a P/E ratio is the number of years it's expected for the company to earn its market cap.  (Share price divided by annual earnings per share)  It will take Amazon 175 years to earn $353 billion. If I was going to buy a dry cleaners, I would not pay the owner 175 years of earnings to take control of it, I'd never see my investment back. To your point.  There is so much future growth seemingly built in to today's stock market that even when a company posts higher than expected earnings, the company's stock may take a hit because maybe future prospects are a little less bright than everyone thought yesterday. The point of fundamental analysis is that you want to look at a company's management style and financial strategies.  How is it paying its debt?  How is it accumulating the debt?  How is it's return on assets?  How is the return on assets trending?  This way when you look at a few companies in the same market segment you may have a better shot at picking the winner over time.  The company that piles on new debt for every new project is likely to continue that path in to oblivion, regardless of the P/E ratio. (or some other equally less forward thinking management practice that you uncover in your fundamental analysis efforts). And I'll add... No amount of historical good decision making from a company's management can prepare for a total market downturn, or lack of investor confidence in general.  The market is the market; sometimes it's up irrationally, sometimes it's down irrationally.


> I'm saying that instead of some of these companies spending 70% of their earnings on stock buybacks they should reinvest that money into their employees and **pay out larger dividends to shareholders**.  Wait...what? What do you think the difference between dividends and buybacks is? Buybacks and dividends are just different ways of distributing cash to shareholders. The main difference is that with a buyback, shareholders can choose whether to cash out or hold.


Why dont we ask bithumb, coinbase, mtgox, moolah, cryptsy.  The blockchain doesnt make you more secure externally if your security is still shit. And its entirely different uses.  An internal chain would be used to secure internal documents so they could not be altered, it offers no added security to stop read access over, say a properly secured internal database. The only advantage is that obce something is added, it cannot be removed.


I fail to see how that changes the point. And no I'm not suggesting that an economics education is (completely) worthless but it's meant to be used as a framework for good public policy. Increasingly it has not served that goal very well but has done an excellent job of increasing wealth disparity.


Italy has some real problems including a debt it can't pay without higher taxes or new sources of revenue.  Looks like they are going to force the pension funds to buy their debt.  I bet more governments follow their example and grab their people's assets.    I remember when the democrats controlled the congress they held committee hearings on replacing 401k savings with a federal pension program.  If they had done it, then it would have been worth $3.5 trillion in new money to the politicians. The people would have gotten another ponzi scheme like social security.


There's a good chance the location will be a Canadian city where wages are lower, education is excellent and international visas are not an issue.  Toronto or Montreal would be high on the list.  Vancouver, already home to many Amazonites, is likely to close to the mothership to qualify.


https://www.afge.org/about-us/  > As a labor union, AFGE is in a unique position because it is not currently afforded the same full scope collective bargaining rights as workers in the private sector. For this reason in addition to negotiating working conditions at the bargaining table, AFGE coordinates a full-scale legislative and political action program to monitor issues that impact the government work force. When Congress debates funding of vital government programs administered to the public by government workers or tackles employee health care issues, AFGE is on the scene representing its members.


So, the past few years have not been kind to high profile female CEO's. I have a feeling whatever happens with Yahoo and Marissa Mayer is going to be interesting to watch.  Anyone know of any female Tech CEO's that are doing awesome right now?


That looks like a portfolio designed to protect against inflation, given the big international presence, the REIT presence and TIPS bonds. Not a bad strategy, but there are a few things that I'd want to look at closely before pulling the trigger.


So do I. I am wondering if there's a pretty huge paycut by getting your benefits early. In any case, the company might reallllly want to do this, so they can hire new blood and pivot more quickly to react to some of their global competition.


Found the girl who's never flown from the east coast to the west coast, gone right to a convention center to set up for a tradeshow, then gone to a hotel for a 5 minute shower before meeting clients for dinner and up at 6am for the show.  I've done it coach and I've done it business class, and I gotta say, business class, having just that extra bit of legroom to not get cramped.. it was easier to sleep and it translated to more energy and ability to get things done.


While it is true that if the Federal reserve bank makes a change in their rate there is not an immediate change in the other rates that impact consumers; there is some linkage between the federal rate, and the costs of banks and other lenders regarding borrowing money. Of course the cost of borrowing money does impact the costs for businesses looking to expand, which does impact their ability to hire more workers and expand capacity. A change in business expansion does impact employment and unemployment... Then changes in employment can cause a change in raises, which can cause changes in prices which is inflation... Plus the lenders that lend to business see the flow of new loans change as the employment outlook change.  If the costs of doing business for the bank changes or the flow of loans change, they do adjust the rates they pay depositors and the rates they charge borrowers... How long it will take to change the cost of an auto loan? No way to tell.  Keep in mind that in complex systems, change can be delayed, and won't move in lock step. For example the price of gas\s doesn't always move the same way a price of a barrel of oil does.


It is not necessary that the mutual fund pays out the dividend. The money would be used to buy more shares of the same stock or of some other stock depending on overall policy goal of the fund and current allocation of funds. This would increase the NAV of the mutual fund and hence its indirectly comes to you once you sell the mutual fund.  The dividend would not be taxable as its not directly paid out.


IMHO these people need to understand finance.  I think Dave Ramsey is the best for this kind of situation.  They need their butts kicked.  What kind of parent spends money on playing cards when they have a child and not a place of their own?  Answer:  Parents that needs to grow up.   Most of all they probably have an income problem.  I would assume that the husband stays at home because he does not earn enough to justify quality child care.  Okay how about he cares for a few other kids and turns watching one kid into an income stream?  Duh? Giving them money will only hurt them in the long run.  They are holding onto childhood, avoiding becoming adults.  No amount of money you can give them will dig them out of their rut, in fact it may only prolong it.   MTG is an intellectual game.  If he spent half as much brain power on earning a living, the could probably be well off, and earn enough to have a tidy budget for gaming.   Sorry Yamikuronue, but I disagree with your first comment.


Yeah his card doesn't explain much, but I'm guessing he'll explain everything at the interview. Im more so interested in if there was anything that could be known universally amongst financial jobs that would be beneficial to know. I'm extremely organized and my interpersonal skills I think are what got me the opportunity in the first place, but I'm jw if there are any key financial terms/ processes that would help me go above and beyond.


I'm genuinely curious how you think a government policy that perpetuates a massive underclass of minorities permanently shut out of the labor force isn't racist.  Isn't that the definition of racism?  Minimum wage laws, in effect, surgically target minorities for job losses and keeps them in perpetual poverty.  These laws are heinous acts of economic violence.  On top of that, the left not only supports them but cheers their expansion.  It's absolutely incredible how hypocritical it is.


"The ""must be postmarked"" language might be just from the old bank itself, not from the IRS.  The language I see in Publication 969 only says ""You can make contributions to your HSA for 2014 until April 15, 2015."" In this case, it is understandable that the credit union you have the new account with does not want to accept the contribution for tax year 2014.  You didn't have an account with them in 2014.  You didn't even send out the paperwork to them to open the account until last week, and they didn't open your account until this week, after the deadline. It is unfortunate, but I don't think you'll be able to force them to do anything differently here.  It is just too late. I do know how that feels.  I had a somewhat similar circumstance with my HSA, the first year I had the account.  I contributed money to the HSA using my credit union's website, transferring money from my checking account into my HSA, as I was told to do.  In January and February of the following year, I made more contributions this way, thinking that I was making them for the previous tax year.  However, they never got coded correctly by the credit union, and I later found out that the credit union counted those as contributions for the current year.  As a result, I was essentially denied the full contribution limit for that year, and had a bit of a paperwork nightmare.  Now, if I have to make a prior year contribution, I only make it in person, and they have a form they have me fill out each time I do."


"It is not a ""riskless"" transaction, as you put it. Whenever you own shares in a company that is acquiring or being acquired, you should read the details behind the deal. Don't make assumptions just based on what the press has written or what the talking heads are saying. There are always conditions on a deal, and there's always the possibility (however remote) that something could happen to torpedo it. I found the details of the tender offer you're referring to. Quote: Terms of the Transaction [...] The transaction is subject to certain closing conditions, including   the valid tender of sufficient shares, which, when added to shares   owned by Men’s Wearhouse and its affiliates, constitute a majority of   the total number of common shares outstanding on a fully-diluted   basis. Any shares not tendered in the offer will be acquired in a   second step merger at the same cash price as in the tender offer. [...] Financing and Approvals [...] The transaction, which is expected to close by the third quarter of   2014, is subject to satisfaction of customary closing conditions,   including expiration or termination of the applicable waiting period   under the Hart-Scott-Rodino Antitrust Act.  Both Men’s Wearhouse and   Jos. A. Bank are working cooperatively with the Federal Trade   Commission to obtain approval of the transaction as soon as possible. [...] Essentially, there remains a small chance that one of these ""subject to..."" conditions fails and the merger is off. The chance of failure is likely perceived as small because the market price is trading close to the deal price. When the deal vs. market price gap is wider, the market would be less sure about the deal taking place. Note that when you tender your shares, you have not directly sold them when they are taken out of your account. Rather, your shares are being set aside, deposited elsewhere so you can no longer trade them, and later, should the conditions be satisfied, then you will be paid for your shares the deal price. But, should the deal fall apart, you are likely to get your shares deposited back into your account, and by that time their market value may have dropped because the price had been supported by the high likelihood of the transaction being completed. I speculated once on what I thought was a ""sure deal"": a large and popular Canadian company that was going to be taken private in a leveraged buyout by some large institutional investors with the support of major banks. Then the Global Financial Crisis happened and the banks were let off the hook by a solvency opinion. Read the details here, and here. What looked like a sure thing wasn't. The shares fell considerably when the deal fell apart, and took about four years to get back to the deal price."


"The settlement date for any trade is the date on which the seller gets the buyer's money and the buyer gets the seller's product.  In US equities markets the settlement date is (almost universally) three trading days after the trade date.  This settlement period gives the exchanges, the clearing houses, and the brokers time to figure out how many shares and how many dollars need to actually be moved around in order to give everyone what they're owed (and then to actually do all that moving around). So, ""settling"" a short trade is the same thing as settling any other trade.  It has nothing to do with ""closing"" (or covering) the seller's short position. Q: Is this referring to when a short is initiated, or closed? A: Initiated.  If you initiate a short position by selling borrowed shares on day 1, then settlement occurs on day 4.  (Regardless of whether your short position is still open or has been closed.) Q: All open shorts which are still open by the settlement date have to be reported by the due date. A: Not exactly.  The requirement is that all short positions evaluated based on their settlement dates (rather than their trade dates) still open on the deadline have to be reported by the due date. You sell short 100 AAPL on day 1.  You then cover that short by buying 100 AAPL on day 2. As far as the clearing houses and brokers are concerned, however, you don't even get into the short position until your sell settles at the end of day 4, and you finally get out of your short position (in their eyes) when your buy settles at the end of day 5. So imagine the following scenarios: The NASDAQ deadline happens to be the end of day 2.  Since your (FINRA member) broker has been told to report based on settlement date, it would report no open position for you in AAPL even though you executed a trade to sell on day 1. The NASDAQ deadline happens to be the end of day 3.  Your sell still has not settled, so there's still no open position to report for you. The NASDAQ deadline happens to be the end of day 4.  Your sell has settled but your buy has not, so the broker reports a 100 share open short position for you. The NASDAQ deadline happens to be the end of day 5.  Your sell and buy have both settled, so the broker once again has no open position to report for you. So, the point is that when dealing with settlement dates you just pretend the world is 3 days behind where it actually is."


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which is why I said EVs aren't as clean as they're made out to be. however, you can use land that has solar panels on it and it doesn't become radioactive, thus you don't have to build big cooling storage facilities to store them, where they have no use.   edit: to my knowledge you can recycle solar panels. can't recycle used fuel rods.


This is fine, but I'd probably spend a moment introducing WACC and it's estimation. It's also useful to link up the enterprise value to share price, so just also mentioning the debt subtraction to get equity value and division by shares for price.  Keep in mind you're usually given like a minute to answer this, so you can afford to be a bit more detailed in some parts.


The markets are a construction intended to serve people.  These programs do not allow participation from either the general public or enlightened members of r/Economics, nor is there any scenario by which they distribute capital so as to enhance the functioning of the real economy which is about provision of goods and services to people.


I hope so. I remember when chain Mexican restaurants started serving gigantic embarrassingly huge portions back in the 80s - couldn't believe it and no one could ever eat all that food. Even then I thought it was wasteful, extravagant and stupid. Who knew that it would also leads to dramatic increases of diabetes and death?


"The dividend reinvestment won't change whether the dividends themselves are qualified or not for US income tax purposes.  It's still the holding period on the stock that matters.  If you bought stock in different lots, then you could have a situation where some of the dividends paid are qualified and some are not, but: For completeness, it's worth noting that some dividends cannot be ""qualified"" no matter how long you hold them, but if you've got an investment in a common corporate stock (vs. something more ""exotic""), then what's above should apply."


I disagree.  It's clear that the only issue, is that almost all governments run programs in an inept and incompetent way, or, those programs are not financially sustainable.  Let's take the simple case of Social Security for retirement: not only that you can't live off the benefits paid, the program will go bankrupt because more people take out of it than pay into it.  No AI or automated Economy can help you here.  The only solution: most people, who are very responsible people, should save on their own for their retirement. This is done by certain portion of their income in life that must go into a personally controlled retirement accounts.  The rest of people:  - The true disabled who can't work and earn: they will be provided for off taxes.  - The irresponsible unemployable, will get a miserable bare minimum stipend off taxes paid by others.  And all this will force the government to make sure everyone is employed and paid well.  Take the government out of the retirement business.


You don't. When you sell them - your cost basis would be the price of the stock at which you sold the stocks to cover the taxes, and the difference is your regular capital gain.


For any company to move their HQ just to avoid taxes is not only unpatriotic but a slap in the face of all Americans.  We are the worlds largest consumer market and we have done our share of bailouts to not only the banks, autos and airlines.  And now we have companies running away with their billions in profits and millionaire CEOs.


"The diner on my old block was god awful. Ate there once and the food was terrible. Burger was frozen. Fries were ""air fried"". And it was about twice what Shake Shack charges. I eventually learned that they mostly keep the place open to use as a filming location."


"You can make estimated tax payments on Form 1040-ES.  Most people who make such payments need to do it quarterly because the typical reasons for making estimated payments is something like self-employment income that a person will get throughout the year.  If you have a one-time event like a single, large sale of stock, however, there's nothing wrong with doing it just one quarter out of the year. When it comes time to file your taxes, part of the calculate is whether you were timely quarter-by-quarter not just for the entire year, so if you do have a big ""one-time"" event mid-year, don't wait until the end of the year to file an estimated payment.  Of course, if the event is at the end of the year, then you can make it a 4th quarter estimated payment."


Thanks for the advice. Don't worry about the mobile part, I know everyone does pretty much everything on their phone so I've been trying to make it as mobile friendly as possible. Also, what is your business, and what were the names you came up with.


If the $300 due on a credit card is due at the end of the month and you make 2 payments of $150 during the month, the first half way through the month and the second at the end of the month, then yes you will save on interest. Note, if this is a Credit Card with an interest free period and you are paying the total amount due before the due date, then it will not save you anything by paying part of it earlier. Interest on Credit Card is calculated daily, so if you pay $150 half way through the month then you will pay 2.5% x $150 / 365 days x 15 days = $0.15 less in interest than if you paid the full $300 at the end of the month. The higher the interest rate and the more you pay early the higher the savings will be.


Credit agency sovereign ratings take into account the amount of external support the government is likely to get during a time of stress.  The whole EU just came to Spain's rescue, but who would come to India's rescue so as to be sufficient to prevent default?  See, the fact that Spain was able to get a bailout is most of the reason Spain's credit rating is higher than India's.


Saudiaramcoshill, I judge the risks of fossil fuels stocks by the fact that the entire global scientific community and every government on Earth have agreed that these threats to humanity must be outlawed within decades, meaning that we can burn only a fraction of the coal, oil and gas that these companies book as assets.


While I am sure there are some jobs at Walmart that don't require skills or an advanced degree, there aren't many that require a complete lack of intelligence and initiative. Maybe door greeters.   Certainly, there aren't any jobs in the supply chain that would allow for complete lack of intelligence, etc. We are talking about people who operate large, expensive, dangerous power equipment in the warehouses, while also using computer and math skills to compute the amounts received in / packed to ship out, and entering all that into the system, etc. These are not no-brain jobs. At least not if you want to do them correctly and safely. Warehouse jobs aren't minimum wage positions because of the general level of intelligence required to do them well and safely.


"I don't even know where to begin, you're truly all over the place. The number of upvotes on your post has absolutely zero relevance to the fact that you believe Trump has caused this minuscule reduction in the deficit. You literally said it yourself. You posted an article and stated ""let's discuss"" and then when it was discussed, your argument was completely refuted in a heartbeat. Why didn't you respond to /xmantipper 's post? He laid out a rational argument to refute your opinion, however you unfortunately didn't have the facts or understanding on the subject to back your opinion. So instead, you stayed away from that comment/argument because it didn't reflect your biased way of thinking. This is the basis of which the shrinking pro-Trump base now stand. They project their opinions, then cherry-pick the feedback that helps them feel good about their opinions while refusing to respond to any arguments that have factual information & merit.  I'm going to give you some advise. /Economy isn't a good place for you to learn about the basics of economics. And I know you do not know the bare basics, because anyone with any clue about how modern economics works knows that a President cannot enact true economic growth or can significantly reduce a national budget deficit in 8 months while not introducing & passing one piece of meaningful legislature or enacting any piece of their economic agenda. (Which both sides of the aisle are fully aware & accept that Trump hasn't been able to accomplish yet)  Now this is going to put you in a tough spot. The S&P under Obama was up 30% after his first 8 months in office. By your rational, Obama grew the overall wealth of the top 500 companies in the U.S. by 30% before he was able to enact any legislature. But no, Obama couldn't have done that, because he only introduced destructive economic legislature from the get-go. Therefore, the President must have no control over economic success or failure within their first year of the Presidency, before they can make use of their economic agenda. However, that would go against your entire argument you set forward in this post. Puts you in a bit of a pretzel.   Sorry for the long response. It's just tough seeing someone make repeated, simple, basic, economic mistakes in the /economics subreddit. Feel free to PM me if you're looking for some good books to get you started!"


"Grocery food is not subject to sales tax in Maryland, but some food is taxed depending on category or preparation. So you must have had a combination of grocery and taxable foods. One of the cheaper items you purchased was subject to a whopping penny of sales tax. http://taxes.marylandtaxes.com/Individual_Taxes/Taxpayer_Assistance/Individual_Tax_FAQs/Use_Tax_FAQs/q4.shtml In general, food sales are subject to Maryland's 6 percent sales and   use tax unless a person operating a substantial grocery or market   business sells the food for consumption off the premises and the food   is not a taxable prepared food. A grocery or market business is   considered to be ""substantial"" if the sales of grocery or market food   items total at least 10 percent of all food sales."


I understand why the villagers would use the apple notes, but your story doesn't really explain why the villagers would use the new notes.  In other words, why do the villagers think the new notes have any value at all?  Once the story covers that issue, I think it will be reasonably complete.  ^[edit: ^small ^typo]


I hate when the volume during a show is reasonable and the volume in the commercials hurts my ears. But, this has been tried before and it will not work.  We need television receivers with a smart volume feature that normalizes the volume continuously.


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"A huge amount of money in all financial markets is from institutional investors, such as mutual funds, government pension plans, sovereign wealth funds, etc.  For various reasons these funds do all of their trading at the end of the day.  They care primarily that their end-of-day balances are in line with their targets and are easy to audit and far less about ""timing the market"" for the best possible trades. So, if you're looking at a stock that is owned by many institutional investors -- such as a stock (like AAPL) that makes up a significant portion of an index that many funds track -- there will be a huge amount of activity at this time relative to stocks that are less popular among institutions. Even just in its introduction this paper (PDF) gives a fair overview of other reasons why there's a lot of trading at end-of-day in general. (In fact, because of all this closing activity and the reliance on end-of-day prices as signposts for financial calculations, the end-of-day has for decades been the single most fraud-ridden time of the trading day.  Electronic trading has done away with a lot of the straight-up thievery that floor traders and brokers used to get away with at the expense of the public, but it still exists.  See, for example, any explanation of the term banging the close, or the penalties against 6 banks just last month for manipulating the FX market at the close.)"


You can file a revised W-4 with your employer claiming more allowances than you do now. More allowances means less Federal tax and (if applicable and likely with a separate form) less state tax. This doesn't affect social security and Medicare with holding, though.  That being said, US taxes are on a pay-as-you-go system. If the IRS determines that you're claiming more allowances than you're eligible for and not paying the proper taxes throughout the year, they will hit you with an underpayment penalty fee, which would likely negate the benefits of keeping that money in the first place. This is why independent contractors and self-employed people pay quarterly or estimated taxes. Depending on the employer, they may require proof of the allowances for adjustment before they accept the revised W-4.


Gold is traded on the London stock exchange (LSE) and the New York stock exchange (NYSE) under various separate asset tickers, mainly denominated in sterling and US dollars respectively.  These stocks will reflect FX changes very quickly.  If you sold LSE gold and foreign exchanged your sterling to dollars to buy NYSE gold you would almost certainly lose on the spreads upon selling, FX'ing and re-buying. In short, the same asset doesn't exist in multiple currencies.  It may have the same International Securities Identification Number (ISIN), but it can trade with different Stock Exchange Daily Official List (SEDOL) identifiers, reflecting different currencies and/or exchanges, each carrying a different price at any one time.


"Government is not your nanny.  Here are the powers of the Federal Government as granted in the Constitution.  -To borrow money on the credit of the United States;  -To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;  -To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;  -To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;  -To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;  -To establish Post Offices and Post Roads;  -To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;  -To constitute Tribunals inferior to the supreme Court;  -To define and punish Piracies and Felonies committed on the high Seas, and Offenses against the Law of Nations;  -To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;  -To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;  -To provide and maintain a Navy;  Guess what it does not say? **To give free shit to people who never work.**  The US has spent **50 years and 22 Trillion** on the ""War on Poverty"" it has not budged the poverty rate. http://www.heritage.org/poverty-and-inequality/report/the-war-poverty-after-50-years  Giving people free shit does not work.   Like a rich kid that sits round the house smoking weed all day and playing video games. Cut em off and watch how productive they get. Hunger is a great motivator."


We have machines in several grocery store chains that will take your coins, sort them, and give you two ways to get your money back: I've seen these many places, but, of course, I cannot say for sure if there are any near you.


Man who are these retarded inventors and how can I get them to fund my site that makes no money? Seriously how many millions has Reddit raised over the years, I thought the point of investing was to make a return, but apparently reddit is so successful they can't make money themselves and need investors every other month. And they're for sure going to make their money back?


I'm a bot, *bleep*, *bloop*. Someone has linked to this thread from another place on reddit:  - [/r/brasilonreddit] [\[r\/economy\] No One Has Ever Made a Corruption Machine Like This One — Brazilian construction giant Odebrecht SA](https://np.reddit.com/r/BrasilOnReddit/comments/6gayar/reconomy_no_one_has_ever_made_a_corruption/)  [](#footer)*^(If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads.) ^\([Info](/r/TotesMessenger) ^/ ^[Contact](/message/compose?to=/r/TotesMessenger))*  [](#bot)


Yes, the US dollar is the standard for all global trade - IMF driven  And China has been going for that title for the past decade and this is a very smart and tactical way to do it  If this goes through, gold & oil might become really good place to be. The US has been in a supply run and kept the price of oil low.  Things are changing quick...


In fairness decline of velocity of wealth might not be entirely explained by wealth disparity but environmental decline. (Or the low hanging fruit theory if you will.) This is is the socialist belief. If true economists have a lot to answer for.  Beyond that the implementation of truly progressive tax rates could significantly help as the writer alludes to. The top is not anywhere near adequately sampled with such a low number of sample sizes which the IRS calls tax brackets.


Are you really talking about share price, or share value? Because what about stock splits? Market Cap stays the same, but the price per share is lowered. This is so that the stock is more liquid and accessible to a greater number of investors. This encourages people to invest in the stock though. I can't really think of any reasons why a company would want to lower their share value or discourage people from investing unless they are trying to reacquire shares. Returning value to the shareholders is the #1 priority of any publicly traded company.


Typically, the higher interest rates in local currency cover about the potential gain from the currency exchange rate change - if not, people would make money out of it. However, you only know this after the fact, so either way you are taking a risk. Depending on where the local economy goes, it is more secure to go with US$, or more risky. Your guess is as good as anyone. If you see a chance for a serious meltdown of the local economy, with 100+% inflation ratios and possibly new money, you are probably better off with US$. On the other hand, if the economy develops better than expected, you might have lost some percentage of gain. Generally, investing in a more stable currency gets you slightly less, but for less risk.


Quoted from money.howstuffworks.com: NASDAQ has come up with an auction approach called the opening cross. Here's how it works. In the morning, a computer program looks at all the orders that have come in overnight in each different stock. Based on those orders, the program picks a price level that would be the best opening price. However, it also looks to see if there's a trade imbalance. For example, if a company announced bad news after the market closed, there might be 10 times more sell orders than buy orders. NASDAQ then broadcasts the price and imbalance information to its network of dealers with the goal of offsetting the imbalance. It then lets dealers place orders. This all happens very quickly, in a time window of two minutes or so, right before the market opens. Dealers can place orders, and those orders are factored into the opening price. Further reading here: Opening Price calculation


"Uh OK. How about the breakdown of Standard Oil company, the Bretten Woods System, the Interstate Highway System? Which one of them is ""free-capitalism""?  I am not trying to be facetious. US has a mixed economy just like U.K., France, or China. It's just a different mix to suit different scenarios. Clamoring for absolute dogmas will only hurt your interest."


They can rebalance and often times at a random manager's discretion. ETF's are just funds, and funds all have their own conditions, read the prospectus, thats the only source of truth.


If your landlord is OK with you subletting your apartment - then that's all that the landlord has to do with that. It doesn't really matter if the landlord is a private person or a publicly trade corporation/fund. No relevance at all. As to your own reporting - you're receiving rent. That is income to you. You can deduct the portion of your expenses (including rent) attributable to the area you rent out. All this goes to your Schedule E. Any positive remainder becomes your taxable income. Any deduction must be substantiated (i.e.: you'll have to keep all the receipts for all the expenses you used for the deduction for as long as the tax year is open, which is at least the next 3 years after filing).


I think we have to divide it up into the elements that are 'real' and those that are 'abstractions'. Certainly, it will take a long time for a turbine to 'recoup' the embodied energy of its manufacture, transport, installation, maintenance. After that, tho, it's paying its way. 'Free' energy. Property values are made up, and - while important - I don't think it's fair to include them.   As far as $-per-watt hour goes, renewables can't/don't/won't compete with fossil fuels. Digging up millions of years of compressed sunshine has served us well. Looking at the bigger picture, however, renewables start to make sense, and are the only way forward. Any models that require maintenance of 20th century levels of consumption are unrealistic.  The future will be slower, more expensive, and less convenient.


I don't completely have GIPS down, risk management still gets me on some questions, and alternative investments is fucking me a bit. Any of the IPS questions will be iffy because I'm not good at paying attention to detail in the prompts.  On the other hand, I memorized the micro and global attribution formulas so I'm hoping for a lot of questions on that shit.


The bucket concept. What ever works. Some people literally use envelopes, putting cash into each category for there upcoming bills. I prefer not to mix my long term investments. My daughter's college fund is in a series of separate accounts from our retirement money. I won't criticize your CFP's comments, because advice is individual, her approach probably works well for her clients. The important thing isn't the focus on the words, but the end result. Spend less than you earn, save for each of your goals.  I removed any IRA/US reference and comment on bucket concept.


Hopefully they try something bold like separate bike paths and no street parking.  Sidewalks reserved for ridesharing pickup and drop off or public transportation  It's possible to have an urban area without soul crushing traffic!  Someone just has to try to get rid of parking


"Financially speaking, you are absolutely right. But there are lots of conflicting messages out there that can't be boiled down to economics:  EX:   >""Why aren't you giving your grandmother children before she dies?""  >""I bought a house at 23. Why are you still renting?""  >""Who is going to take care of your parents when we they get old?""  >""If you don't have X by age Y, then there's something wrong with you""  Everyone had their own life, with their own circumstances. One person's formula for success might not work for others through no fault of their own. I have a very good friend who will never be successful in the eyes of her family until she is married with children. She works at Bank of China and makes a ton more than I do.   This is not to mention all of the industries promoting *their* product as the benchmark for achieving life goals. From real estate to jewellery, these industries can't survive off of the super wealthy alone, and they don't care what poor decisions customers make so long as it's poor decisions buying their products.   All I'm saying it's we shouldn't be blaming the deer for dying when the forest is covered in traps."


It depends on the broker, each one's rules may vary. Your broker should be able to answer this question for how they handle such a situation. The broker I used would execute and immediately sell the stock if the option was 25 cents in the money at expiration. If they simply executed and news broke over the weekend (option expiration is always on Friday), the client could wake up Monday to a bad margin call, or worse.


"This doesn't really make that much sense either. The amount of ""can't predict"" should be pretty consistent on a whole market basis. Even if stock markets aren't perfectly efficient, they're efficient enough that you can't predict that there will be less information risk in the future. Even with information risk, the stock market throughout history, trends one way, up. Not being invested is the surest way to miss that."


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"Why does the yield go up if the country is economically unstable? The yield will rise when instability increases because the risk of default increases.  If the case of Greece, the instability of government finances resulted in a 50% ""haircut"" for bond holders in 2011.  In other words, bond holders suffered a 50% write down in the nominal value of their bonds.  This means that holding these bonds until maturity will mean they will only receive half of the original nominal value of the bond, and that is assuming no further write downs occur. Why does selling a bond drive up the yield? Significant selling of bonds means that sellers are worried about future prospects.  Sellers will outnumber buyers, so sellers will have to reduce their offer price in order to attract new buyers. So if you think Greece is not going to default as it's highly likely a country would completely default, wouldn't it make sense to hold onto the bonds? If you think that it is highly unlikely that Greece will default and the prices and yields are attractive, then Greek bonds may look like an attractive investment. However, keep in mind the fate of bond holders in 2011.  They were attracted to Greek bonds by the price and yield, but they suffered a 50% haircut."


Those rankings in particular that you cite are compiled by Millward Brown and the methodology is explained like this:


that's part of what the endless proscriptions against usury -- the lending of money at interest -- in any of the ancient holy books you might choose to pick up are all about.   it's best to see those books at the accumulated trial-and-error of ancient societies collected in allegory and law, and they had endless experience with what money and credit can do to societies.


It really depends on your specific goals. Since you are considering trading FOREX, I assume you hate money.  It's more efficient to withdraw your money from the bank and light it on fire. Perhaps you like trading FOREX like some old ladies like to gamble away their social security checks.  Well then its impossible to answer your question as it is based upon personal preference.


No, it is never impossible to get credit so long as there are no price controls or quotas. In most of the United States, the impetus for housing is so strong that it's one sector of credit that has nearly no price regulation, price in this case being interest rates. Corporate banks will not touch you now because Dodd-Frank now makes them liable to you and investors if you default on the mortgage.  Also, Fannie & Freddie, who ultimately finance most mortgages in the US now require banks to buy back loans if they fail, so banks are only financing the most creditworthy. All is not lost because markets are like rivers if not fully dammed: they find a way through. In your case, you can get a fully-financed mortgage if you're willing to pay interest rates probably double what you could otherwise get in the market with good credit. If the foreclosure process is quick and benefits the lender more in your state, the interest rate will be even lower. Your creditors will most likely be individuals you find at mortgage investment clubs and religious institutions.  If you shop around, you'll be surprised at how low a rate you might get. Also, since the cost of your prospective home is so low, it's very easy for an investor flush with cash and few investments to take a flier on a mother committed to her children who only needs $50,000. The FHA has been vastly expanded, and since your individual credit is clean, there may be a chance to get financing through it, but be prepared for red tape.


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Good pull on the Kochs. I didn't know that. This is the year that permanently changed my view of the press. I'm starting to go back and reevaluate past events and see how much was propaganda. Excellent BBC series that started me really thinking: [Century of Self](https://www.youtube.com/watch?v=DnPmg0R1M04)


If you are investing, via whoever you want, wherever you want, and you're a US tax resident - you will be taxed. As with all the other questions, clearly your transfer of funds to your parents is not a real gift, and as such you will be keeping interest in the amounts. Income will be attributed to you, and taxes will also be charged to you. Having the money lie in your parents' accounts doesn't make the money or the income any less yours.


I am using the same logic as the two answers above. I got almost the same result ($46.60 instead of $46.59 per share) using the sold fractional share basis. However, the JCI Qualified Dividend (on the 1099-DIV, not the 1099-B) divided by the number of shares spun off yields a basis per share of only $40.97 That compares to $45.349 in answer two above. It seems that we should get the approximately same basis per share using the same arithmetic, and I do not know why we don't. For my tax files, I plan to use the Adient basis equal to the dividend from the 2016 1099-DIV of JCI (the PLC after the merger). My reasoning is that I cannot use an amount for the Adient basis that is greater than the dividend I paid taxes on. [In case this part of the question comes up again, you can get historical quotes at various websites such as https://finance.yahoo.com/quote, which does show $45.51 as the Adient closing price on 10/31/16.]


You still owe the money because there is a high probability that some other organization bough the account and assets of the failed creditor.  That means they will have bought your debt.  I have to assume there is language in your note that explains that they might sell your debt. But what should one do if they don't know who bought the entity?  You can't pay a non-existent entity, but if you don't have an address, how can you pay the new owner of the debt? First step, is to assume there will be a new owner.  A government, a company, an individual; somebody will buy that debt.  Read the news and see if you can't figure out what other entity owns your note.  You might have to contact them to enquire about where to send payment.  Keep records of any such contact. If you put in an honest effort, but just cannot figure out who owns your note, I'd suggest continuing to make regular on-time payments.  But put your payments into a new bank account that you open just for this purpose.  So when the new owner of the debt does come calling, you'll have reasonable proof you were attempting to pay.  You simply settle up from the special account.  Any reasonable company will just take the money, and if anybody gets unreasonable and you have to appear in court, you have a paper trail indicating your attempts to honour the debt. You'd have to consult a lawyer if nobody comes asking for the money.  There are probably statutes of limitation, but I wouldn't count on that ever happening.


You will be hit every time, once every buy order and once every sell order. Commissions to the broker are paid every time they do something for you. This is true regardless if it is a security in which you are already invested. It is true regardless if you make or lose money. It is just as sure as death and taxes.


I don't agree with others regarding paying off debt ASAP. You only have auto loan and auto loans are actually good for your credit score. With a mere $6k balance, it is not like you are going to have a problem paying off the loan. Not only that you will build your credit score and this will come in handy when you are purchasing a home.  With the Federal Reserve setting the interest rate at 0% until 2015, I can't understand why people would pay off anything ASAP. As long as you don't have revolving credit card balances, you are in the clear. I don't know your salary nor how big your porfolio is but I would save 5 months expense in cash and dump the rest in precious metals. Holding cash is the worst thing you could be doing (unless you predict a deflation).  You said you already have 40% in precious metals. You are already way ahead of other 95% of  Americans by protecting your purchasing power. Follow your gut. The stormg is coming and it's not going to get any better.


Wtf? There is no actual fucking patriarchy stopping women from making money. If a woman wants to get a job they can and if they want to pursue a degree they can also do that. Nothing stops them from doing that here in the United States. Plus, a lot of people get harassed. Not just women.


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Easy. Start with 2 millions and lose only one. Jokes aside, if you want a million USD, you should be asking yourself how you can produce products or services worth $5 millions. (expect the extra to be eaten up by taxes, marketing, sales, workforce...) If by investment you mean making risky bets on the stock market, you might have a better time going to Las Vegas. On the other hand, if by investment you mean finding something that will produce $$$ and getting involved, it's a different matter.


> the Fed left open the possibility it could wait until the fall.   Right... because the easiest way to demonstrate that the Fed isn't required to support treasury bond auctions is to stop buying/rolling debt over right when the next budget crisis happens.


The 66 is heavy on the memorization whereas the 7, requires smart test taking abilities. Common for people to not do as well on that one.  If I were you, I'd take notes on each chapter, take 10-15 practice tests from different providers.


It's really not. You have to realize that current rates are an outlier. The average on the 10yr since 1960 is 6.7%. Even on the 1yr it's still 5.7%. The average on the 30Yr from '77-present is 7.6%. You can use your own discretion about the length of time to consider for the average, but you don't just take the current rate as the risk free rate.


Must be so hard to be rich AND quit your job. Reminds me of my friend Steve who quit before he had another job lined up. He was unemployed for over a year and ended up moving back in with his parents...wait


It's not stopped. Crossing a moving average is considered a signal to buy or sell. Yahoo stock charts offer the ability to add moving averages to the charts, and you can observe all stocks cross the line regularly.   As a contrast to Victor's charts, you can see that Apple, over the last two years, has traded above and below the 50 day MA. A believer in technical analysis using MA will observe a buy signal in Dec '11 just under $400, with a sell in mid-$500s in May. Moving averages are a form of following the trend, and work well when either trend is strong. It's when the stock is too close to the line that's it's tough to call whether it's time to be in or out.


Number one sounds a bit like how are you going to help me.  Your primary focus should be how I am going to help you. One things that turns me off as an employer are questions about how much time you will have off, how much training will you get, etc.  No benefit related questions, you usually get an opportunity to talk to hr.  I'd recommend generalizing number 4, something along the lines of - is the company focusing on new (ideas, focus areas)? What ever is relevant for the position.


The location that you are purchasing from is not really relevant.  If you use either a Visa or MasterCard to make a payment in a foreign currency of any kind then your payment will automatically use Visa/MasterCard's FX platform. Whilst fees can vary between issuers, the fee is generally fixed at 2.5%. There are occasionally credit card issuers who have special deals to remove these fees, but they tend to come and go and availability will depend on your country of residence. The only real way to avoid the fee is to get access to a debit or credit card denominated in the currency you wish to use for your purchase.  This is often achievable for USD or EUR, but much harder for smaller currencies.  You would have to try contacting a bank in that country to see if they would open an account for you or attempting to purchase a pre-paid credit card online.


From a pure monetary point of view, paying 5% to earn 1%  doesn't make sense... Though there is also the question of retaining enough immediately available emergency funds, which may make the loan worth considering anyway. On the other hand, if you consider putting the funds into the stock market rather than a bank account, you have quite  decent odds of earning more than 5%. In that case, this becomes an opportunity for leveraged investment. I'm doing exactly that with my mortgage.


such analysis helps you keep track of the percentage of income that you invest You could apply 1:1:1 ratio. i.e spend 1/3, save 1/3 and invest 1/3. Hope that helps


"Holy crap, he's not talking about your kind of success. He's talking about the guy that gets into Yale in spite of meh academic performance in HS, because his daddy went there. Then, gets hired into a huge firm making gazillions, because he's socially connected to senior executives. And, after ""scratching and clawing"" his way to the top 0.05% of income earners, claims that it's because he worked so hard and is so deserving.  Here, this guy is a great example: http://en.wikipedia.org/wiki/Jamie_Dimon"


You're insistent on the concept that scientists cannot perfectly predict what future weather will be. However, we see the global climate trend. It ties in with the production of CO2 and other greenhouse gases. We know that greenhouse gases are called such because of their effects in trapping in heat. We are also aware of the output of natural greenhouse gas producers, such as volcanoes. By magnitudes larger is man-made greenhouse gas production. Man is the DRIVING force behind current climate change. You're not seeing the forest for the trees, no pun intended.


Many mutual funds include such mechanisms. However, the higher fees for those funds (when compared to simple index funds) may cancel out any improvement the hedging strategy offers.


"I don't know what you mean by ""claim for taxes,"" I think you mean pay taxes.   I'm not sure how corps function in Canada but in the US single owner limited liability entities typically pass the net income through to the owner to be included in their personal tax return.   So it seems all of this is more or less moot, because really you should probably already be including your income sourced from this project on your personal taxes and that's not really likely to change if you formed something more formal.  The formal business arrangements really exist to limit the liability of the business spilling over in to the owner's assets.  Or trouble in the owner's life spilling over to interrupt the business operation.  I don't know what kind of business this is, but it may make sense to set up one of the limited liability arrangements to ensure that business liability doesn't automatically mean personal liability. A sole proprietorship or in the US we have DBA (doing business as) paperwork will get you a separate tax id number, which may be beneficial if you ever have to provide a tax ID and don't want to use your individual ID; but this won't limit your liability the way incorporating does."


I first must commend you for finding the article considering it was 2004.  (Nice find!).  Also, I'm guessing you are going to be dead right with the feelings towards Facebook.  The success or failure will be pretty polarizing because I either see them having a $150 billion market cap at the end of 8 years or we will have conversation about Facebook as we do with Myspace.  Thanks again for posting the article!


Another good reason: if you have to replace a card due to damage, loss, or identity theft it's nice to have a backup you can use until the new card for your primary account arrives. I know folks who use a secondary card for online purchases specifically so they can kill it if necessary without impacting their other uses, online arguably being at more risk. If there's no yearly fee, and if you're already paying the bill in full every month, a second card/account is mostly harmless. If you have trouble restraining yourself with one card, a second could be dangerous.


Nope. Ford are moving production to eastern and southern europe (where wages and employee protection are low), trusting that the EU will continue and that they will be able import vehicles to one of their primary markets without actually making the vehicle here.  Its actually one of the inequities of 'free trade' - the freedom for large companies to shop their production facilities around the world and in doing so make employees and the rich OECD countries poorer.  Eventually it will have to come to a screaming halt.


Great work so far, and good question.  I think a lot of it depends on how risky your financial life is.   For example lets say that you are working a temp or contract job that ends in 3 months.  That is also the same month your savings and student loan will be equal.  I think most would agree that it would be foolish to empty out your savings in such a risky month.   Now same situation one month later.  The company you were working for takes you on as a full time employee.  I would go ahead and empty out my savings and make the student loan go away.   There could be other risks to consider like needing a different car, moving to a new place, potential medical bills, or a needing to travel.  Anything like that on the horizon I would hold off emptying out my savings.  However, once it is smooth sailing GO FOR IT! Being debt free is wonderful and it is a worthy goal.


Because the Netherlands is smaller than almost every state in the US. It is ~237 times smaller than the US. Logistics in the US are a nightmare. I looked at the size comparison compared to my state, I drive half the width of your country to work every morning. So round trip I drive the entire width of your country in one day just to get to work.


Many (if not all) of these companies have former I-bankers in their corp dev groups.  The author's platform is one of many that can connect buyers and sellers directly. At the end of the day, if you are a buyer, do you have the resources and competence to conduct proper due diligence? Quite possibly.  As a seller, do you have the ability to understand industry dynamics and the ability to maximize your valuation? Doubtful.  Buy side M&A has merit, but sell side M&A has proven to deliver value to the majority of clients.


Correct me if I'm wrong, but it looks like you're posting something that defines labor hours right now (and for a different purpose)...  Not for when said provisions of the Affordable Care Act are implemented.    Go easy on me, I'm having a vodka ditch tonight to cope in general.


My thoughts were right in line.   For example, remove the $38+ billion in animal agriculture subsidies and see how quickly ‘supply and demand’ at double the price shows that steak or milk  does not have enough demand to be marketed.


Typically, businesses always charge their 'home' currency, so if the shop is in Canada, you will pay Canadian Dollars. Normally you don't have any choices either. Your credit card company will convert it to your currency, using the current international currency exchange rate (pretty good), plus a potential fee between 0 and 5% - depending on your credit card (not so good). If it is a significant amount, or you plan to do that more than once, and if you have multiple credit cards, check first to see which one has the lowest international fee; 0% is not uncommon, but neither is 3 or 4%. If it's a 10$ thingy, it's probably not worth the time; but 4% of 1000 is already 40$... As of right now, the currency exchange rate is 1.33, so you would pay ~75 USD; plus the potential fee, 0$ - 4$. Understand that this exchange rate is floating continuously; it probably won't change much, but it will change.


"> The top 1% pay more than 50% of all taxes in the US.  [False](http://dailysignal.com/2015/04/15/how-much-do-the-top-1-percent-pay-of-all-taxes/), like all proponents of ""the rich pay plenty of taxes already"" crowd your stat only looks at income tax, the most progressive tax we have and the one the rich generally avoids by using capital gains."