"You can have as many IRA accounts as you want (whether Roth or Traditional), so you can have a Roth IRA with American Funds and another Roth IRA with Vanguard if you like. One disadvantage of  having too many IRA accounts with small balances in each is that most custodians  (including Vanguard) charge an annual fee for maintaining IRA accounts with small balances but waive the fee if the balance is large. So it is best to keep your Roth IRA in just one or two funds with just one or two custodians until such time as investment returns plus additional contributions made over the years makes the balances large enough to diversify further. Remember also that you cannot contribute the maximum to each IRA; the sum total of all your IRA contributions (doesn't matter whether to Roth or to Traditional IRAs) for any year must satisfy the limit for that year. You can move money from one IRA of yours to another IRA (of the same type) of yours without any tax issues to worry about. Such movements (called rollovers or transfers) are  not contributions and do not count towards the annual contribution limit. The easiest way to do move money from one IRA account to another IRA account is by a trustee-to-trustee transfer where the money goes directly from one custodian (American Funds in this case) to the other custodian (Vanguard in this case). The easiest way of accomplishing this is to call Vanguard or go online on their website, tell them that you are wanting to  establish a Roth IRA with them, and that you want to fund it by transferring money held in a Roth IRA with American Funds. Give Vanguard the account  number of your existing American Funds IRA, tell them how much  you want to transfer over -- $1000 or $20,000 or the entire balance as the case may be -- and tell Vanguard to go get the money.  In a few days' time, the money will appear in your new Vanguard Roth IRA and the American Funds Roth IRA will have a smaller balance, possibly a zero balance, or might even be closed if you told Vanguard to collect the entire balance.  DO NOT approach American Funds and tell them that you want to transfer money to a new Roth IRA with Vanguard: they will bitch and moan and drag their heels about doing so because  they are unhappy to lose your business, and will probably screw up the transfer. Talk to Vanguard only. They are eager to get their hands on your IRA money and will gladly take care of the whole thing for you at no charge to you. DO NOT cash in any stock shares, or mutual fund shares, or whatever is in your Roth IRA in preparation for ""cashing out of the old account"". There is a method where you take a ""rollover distribution"" from your American Funds Roth IRA and then deposit the money into your new Vanguard Roth IRA within 60 days, but I recommend most strongly against using this because too many people manage to screw it up. It is 60 days, not two months; the clock starts from the day American Funds cuts your check, not when you get the check, and it is stopped when the money gets deposited into your new account, not the day you mailed the check to Vanguard or the day that Vanguard received it,  and so on. In short, DO NOT try this at home:  stick to a trustee-to-trustee transfer and avoid the hassles."


To be fair, customers didn't really have much of a choice in all of this.  The stores looked like you'd expect a week after an impeding apocalypses had been announced; the shelves were almost completely empty, for weeks.    Can you really call it a boycott when there is nothing to actually buy?  I think the employees deserve the credit here.


I think the measurements are made at 55mph.   However, it's more complicated than that. 220 miles is an average range.  You might get 280 miles in summer, and 170 in winter.   Going 75 will take a few more miles off the range compared to 55, but not all that much difference.


Your son can gift you unlimited amount of money. It does not fall under income tax. It falls under gift tax. As per gift tax there is no tax for you. Any interest you earn on this is taxable to you. Your son transferred into savings account... if your son is NRI he can't hold savings account. Ask him to open a NRE account and convert savings account to NRO account.


"And I honestly would geniunely wish you congrats for finding such a job.  Your value as a worker varies drastically by company, sector and location. Different companies will have very different market value data.  For what it's worth, I lose candidates to counter offers like this from competitors all the time. We aren't an evil company simply because we can't pay you what our competitors can. My original point about applying for ""that damn job"" is to encourage those hesitant about applying to jobs that seem outside of their skill reach."


"**Fact: Tillerson denied he ever said ""Moron""- fake news again from MSM.**  So, Trump is playing chess with MSM and makes a joke saying if Tillerson said that, we'll have to compare IQ.  And as expected: fake-new MSM ""complain"" about this and enough fake-news believers fall for all of this, like the OP."


What is the best way to learn SQL for use in finance, namely FP&A? I've watched videos on YouTube but most of them focus on syntax. I do know that SQL is used in some type of DBMS like IBM / Oracle / Microsoft Excel. So, when job applications list SQL experience (like for FP&A Analyst positions), what DBMS are they referring to? Oracle? Microsoft Excel? Does it matter? If I learn the syntax, is that enough?   I have searched for resources but again, they seem to be focusing on the syntax.  https://www.reddit.com/r/SQL/wiki/index   Can someone who works in FP&A please explain or recommend a MOOC or other sources that will show me how to use SQL just like you do on the job?    Thanks.


"Chris, this is an arbitrage question with a twist: you cannot treat the location you want to live objectively. For example, why not SoCal instead of Texas? Yes, SoCal's expensive but what if you account for the weather? This question is very interesting for me personally: something I am going to focus on myself, soon, as well. To the question at hand: it's very hard to get a close estimate of the price from a single source, say, a website. The cost of a house is always negotiable and there's no sticker price, and there begins your problems. However, there are some publicly available information which websites aggregate, see: http://www.city-data.com/ Also, some heuristics might help: Rent is at-least as expensive as the monthly mortgage, (property) taxes, HOA fees, etc. Smart people have told me this, and this also makes sense to me as the landlord is in this business to make some money after all. However, there are also other hidden costs of home ownership that I am not aware of in details (and which I craftily sidestepped in my ""etc"" above) that could put a rental to be ""cheaper"". One example that comes to mind is you as a tenant get to complain if the washer-dryer misbehaves and demand the landlord get you a new one (see how you wouldn't make a sound were you to own it however) Such a website to gauge rentals: http://www.rentometer.com/ Houses cost more where the median income is more. Again, you cannot be objective about this because smart people like to live around smart people (and pay for the privilege). Turn again to http://www.city-data.com/ to get this information Better weather is more expensive than not so good weather. In the article you linked, notice the ratio of homes in California. Yes, I know of people who sold off their family ranches in Vancouver and Seattle to buy homes in Orange Country. In short, there is a lot of information you would have to gather from multiple sources, and even then never be sure that you did your best! This also includes arbitrage, as you would like to ""come out ahead"" and while you are doing your research (and paying your rent), you want to invest your ""savings"" in instruments where you earn more than what you would have saved in a mortgage, etc. I would very much like to be refuted on every point and my answer be edited and ""made better"" as I need the same answers as you do :-D Feel free to comment, edit your question etc and I will act on feedback and help both of us (and future readers) out!"


I'm pretty sure, especially if he works for a bank, he wouldn't be allowed to give you that kind of thing. I know at Citi, where I work, you can't but we have a reputation of being real anal about this stuff. Makes sense if you know everything that goes on :)


When I have had background/credit checks, I have had to fill out a form first.  You may be able to attach your proof that the debts are paid to your form.    I had a friend that bombed his background check because his birth certificate and passport didn't have matching names (two variations on the same name, but it spooked the securitiy company).  He had a chance to contest the finding and was still hired.


> Mr. Anthony quit last February, upset that Express had given him an annual raise of just 25 cents an hour. He now works at a Zara apparel store on Fifth Avenue, which, he said, gives him 30 hours a week and does more to accommodate his scheduling needs.  So, instead of bitching and moaning, he went and found a better job.  What a radical concept.  If you allow yourself to be used, you only have yourself to blame.


Work on your own site is certainly not relevant here, that's just a part of your trade, not a service you provided to yourself. The business received the benefit of that work, not you. Suppose your business sold televisions. If you took a TV from stock for your own lounge, that would be included in this box because you have effectively paid yourself with a TV rather than cash. If you take a TV from stock to use as a demo model, that's part of your trade and not goods you have taken out of the business for your own use. For services provided to your dad it's less clear. As Skaty said, it depends whether it's your business providing the service, or you personally. If you gave your dad a free TV then it would be clear that you have effectively paid yourself with another TV and then given it to your dad as a gift. With services it's less clear whether you're receiving services from the business for free. You might consider how it would be treated by your employer if you weren't self-employed. If you were just applying your skills to help your dad in your free time, your employer wouldn't care. If you used your employer's equipment or facilities, or hosted his site on a server that your employer pays for, your employer would be more likely to discipline you for effectively stealing services from them, as they would if you took a TV from their warehouse for him.


I agree with you and I think it's more of a regulation thing. Hotels pay immense taxes and are subject to inspections. I don't think the issue is with people renting out their homes but with people buying homes to rent them out without being regulated or paying the same fees a hotel would when they're essentially running a hotel business. That being said, I think AirBnB is much better than staying in hotels and I don't wish nor think it'll go away anytime soon and I've never personally had a bad experience when staying in one.


If the charity accepts stock, you can avoid the tax on the long term cap gain when you donate it. e.g. I donate $10,000 in value of Apple. I write off $10,000 on my taxes, and benefit with a $2500 refund. If I sold it, I'd have nearly a $1500 tax bill (bought long enough ago, the basis is sub $100).  Any trading along the way, and it's on you. Gains long or short are taxed on you. It's only the final donation that matters here.  Edit - to address Anthony's comment on other answer - I sell my Apple, with a near $10,000 gain (it's really just $9900) and I am taxed $1500. Now I have $8500 cash I donate and get $2125 back in a tax refund. By donating the stock I am ahead nearly $375, and the charity, $1500.


"From the article:  Tesla reported earlier in October that it produced just 220 Model 3s in the third quarter, well below Wall Street expectations of 1,260 according to FactSet.   Tesla attributed the miss to ""production bottlenecks"" and told investors that ""there are no fundamental issues with the Model 3 production or supply chain,"" in a statement."


Smart. Add in daily necessities like toothpaste, disposable razors and toilet paper and you've got Walmart and Costco by the balls.   Most people are spending their money on consumables and are much more conservative these days. If I were them I'd stick to food and the daily needs and not even bother with clothing and furniture and such. Keep it simple I think. In and out.


"I would split the savings as you may need some of it quickly for an emergency. At least 1/2 should be very liquid, such as cash or MMA/Checking.  From there, look at longer term CDs, from 30 day to 180 day, depending upon your situation.  Don't be surprised if by the time you've saved the money up, your desire for the car will have waned.  How many years will it take to save up enough?  2? 5? 10?  You may want to review your current work position instead, so you'll make more and hopefully save more towards what you do want. Important: Be prepared for the speed bumps of life. My landlord sold the house I was renting out from under me, as I was on a month-to-month contract.  I had to have a full second deposit at the ready to put down when renting elsewhere, as well as the moving expenses. Luckily, I had done what my tax attorney had said, which is ""Create a cushion of liquid assets which can cover at least three months of your entire outgoing expenses.""   The Mormon philosophy is to carry at least one year's worth of supplies (food, water, materials) at all times in your home, for any contingency. Not Mormon, not religious, but willing to listen to others' opinions. As always, YMMV.  Your Mileage May Vary."


Alright you seem like a pleasant guy. I'm going to continue here the conversation here if you don't mind. Referencing back to what you said about Kodak, one of my business professors was in middle management with them in the 90's. He cited the monolithic culture and adherence to chemical photo processing as the main reasons for their downfall. They refused to embrace the future DESPITE having developed digital camera technology ahead of the rest of the curve. In fact, they suppressed it, for fear of sowing the seeds of their own demise. Why Kodak has closed up shop has nothing to do with China and everything to do with themselves.   The few places that still do chemical photo processing are countable and shrinking. It seems your anger is misplaced.


">JK. I have a job in engineering.  I was writing sarcastically as well (I didn't really think YOU were a barista).  But doubtless there ARE many PhD barista's out there (and, regardless of whether there doctoral degrees is *really* in ""underwater basket weaving"" or some other nonsensical inanity is pretty irrelevant and nonspecific, Lord knows there are plenty of worthless degrees being bought with dear effort {and huge debt-loads}, I know several people who were just so ""suckered"" by the academic scam).  >Interesting article on the machinery. I can't count how many times I've had my coffee burned by those blasted humans.  Well, as I have advised several young people, just about every fad/fashion ""service"" job out there CAN (and inevitably will) be either automated, or is such a low-paying job that it isn't *worth* automating.   Instead I tell them to do their best to apprentice, train, or get schooling in some trade or profession that CANNOT be easily outsourced (plumbing, electrical work, etc); or which cannot easily be automated (dealing with mechanical things that require ""brain-power"" to diagnose, perfect, etc).  The other option of course -- is getting into some aspect of the ""death & dying"" industry -- nursing homes, rehab hospitals, and of course funerals and such are going to be ""booming"" as the Baby Boomers age & begin dying in the coming decade to three decades (and along a *very* predictable statistical/actuarial curve, give or take a year or two at most {probably take, as it appears Boomers are actually statistically LESS healthy than previous ""silent generation"" retirees})."


> K-12 teachers never make six figure sums.  In the U.S. that seems true. I found [this from 2012](http://money.usnews.com/careers/best-jobs/high-school-teacher/salary) that puts the median high-school teacher's salary at $55,050, with the top ten percent making about $85k.  (By the way, this [OECD chart from 2013](http://educationbythenumbers.org/content/us-teachers-6th-highest-paid-world_982/) shows that the U.S. ranks 6th in the world in pay for primary-school teachers. I was surprised when I found this out.)  > Professors in universities sometimes do, but for every professor that makes a lot of money there are probably dozens of untenured faculty who are barely making enough to feed themselves and put gas in their cars.  You may be interested in [this chart from 2011](http://chronicle.com/article/Average-Faculty-Salaries-by/126586/) that gives salaries for professors, associate professors, assistant professors, new assistant professors, and instructors--all broken down by field. The data are only for four-year colleges and universities, though; that excludes community colleges, but I'm not sure whether it includes business schools, medical schools, or other graduate institutions. Not surprisingly, law and engineering are the most lucrative fields.  > The real reason the big corporate interests want to privatize US education is to use all those jobs as bargaining chips in globalization.  Interesting. Can you explain how this is intended to work? And if it would make sense for American corporations to do this, would it make sense for corporations from other countries to do it too? Are they doing it? I don't know anything about GATS or TiSA.  Edit: grammar


"What if there were no mortgage, and you gave the friend the house? They are getting the house' value. In your case the discount from market value is their instant profit. We often think of our house in terms of the equity we have, plus the mortgage. Equity therefore is what's left after the mortgage is paid off, if you sell the house. In your question, you are, in effect, ""giving all equity to your friend.  Where else would you imagine it goes?"


Savings accounts with 8% APY? Unheard of these days. You're lucky if you find one at 1%. You should use checking and savings accounts only to hold an emergency fund (6 to 12 months of living expenses), or money that you will need in 2 years or so. The rest, invest in stocks and bonds.


Stumbled upon this question, I've found the updated dates for 2016 and 2017 in a more permanent location. https://www.nyse.com/markets/hours-calendars


I read this sub a lot. Some articles are good others are trash. The comments are a mixed bunch. Some people really have insight, others have a screw lose. I don't know if that's because it's /r/economy or just reddit. Either way it is weird that no one is posting in this weekly thread.


While littleadv's answer is true for many exchanges (in particular the stock market, it's called FIFO matching) you should also know that some markets trade pro rata.  That is, for a match at some price level everyone at that level gets a chunk of the deal proportional to their input (i.e. order size). E.g. match for quantity X at a price level and passive side orders y1, y2; the order y1 would get y1 / (y1 + y2) of X and y2 would get y2 / (y1 + y2)  (for X = min(X, y1 + y2)).


Yes your basic math is correct. If your tax bracket never changes, then either type of retirement account will end up in the same place. Assuming that there are no income restrictions that will limit your ability to contribute to the type of account you want. Now your job is to guess what your tax bracket will be each and every year for the next 3 or 4 decades. Events that will influence your bracket: getting married; having children; buying a house; selling a house; paying for college; the cost of medical care; moving to a state with a different state tax structure. Of course that assumes that you don't get a big bonus one year or that congress changes the tax brackets. That is why many people have both types of retirement accounts: Roth and non-Roth.


"I thought the other answers had some good aspect but also some things that might not be completely correct, so I'll take a shot. As noted by others, there are three different types of entities in your question:  The ETF SPY, the index SPX, and options contracts. First, let's deal with the options contracts.  You can buy options on the ETF SPY or marked to the index SPX.  Either way, options are about the price of the ETF / index at some future date, so the local min and max of the ""underlying"" symbol generally will not coincide with the min and max of the options.  Of course, the closer the expiration date on the option, the more closely the option price tracks its underlying directly.  Beyond the difference in how they are priced, the options market has different liquidity, and so it may not be able to track quick moves in the underlying. (Although there's a reasonably robust market for option on SPY and SPX specifically.) Second, let's ask what forces really make SPY and SPX move together as much as they do.  It's one thing to say ""SPY is tied to SPX,"" but how?  There are several answers to this, but I'll argue that the most important factor is that there's a notion of ""authorized participants"" who are players in the market who can ""create"" shares of SPY at will.  They do this by accumulating stock in the constituent companies and turning them into the market maker.  There's also the corresponding notion of ""redemption"" by which an authorized participant will turn in a share of SPY to get stock in the constituent companies. (See http://www.spdrsmobile.com/content/how-etfs-are-created-and-redeemed and http://www.etf.com/etf-education-center/7540-what-is-the-etf-creationredemption-mechanism.html) Meanwhile, SPX is just computed from the prices of the constituent companies, so it's got no market forces directly on it.  It just reflects what the prices of the companies in the index are doing. (Of course those companies are subject to market forces.) Key point: Creation / redemption is the real driver for keeping the price aligned.  If it gets too far out of line, then it creates an arbitrage opportunity for an authorized participant.  If the price of SPY gets ""too high"" compared to SPX (and therefore the constituent stocks), an authorized participant can simultaneously sell short SPY shares and buy the constituent companies' stocks.  They can then use the redemption process to close their position at no risk.  And vice versa if SPY gets ""too low."" Now that we understand why they move together, why don't they move together perfectly.  To some extent information about fees, slight differences in composition between SPY and SPX over time, etc. do play.  The bigger reasons are probably that (a) there are not a lot of authorized participants, (b) there are a relatively large number of companies represented in SPY, so there's some actual cost and risk involved in trying to quickly buy/sell the full set to capture the theoretical arbitrage that I described, and (c) redemption / creation units only come in pretty big blocks, which complicates the issues under point b. You asked about dividends, so let me comment briefly on that too.  The dividend on SPY is (more or less) passing on the dividends from the constituent companies. (I think - not completely sure - that the market maker deducts its fees from this cash, so it's not a direct pass through.)  But each company pays on its own schedule and SPY does not make a payment every time, so it's holding a corresponding amount of cash between its dividend payments.  This is factored into the price through the creation / redemption process.  I don't know how big of a factor it is though."


">So a minimum wage increase of 10% will lead to a decrease in employment of somewhere between 0.5% and 2%.  This study claims a 30% minimum wage hike caused a decrease of employment of about 0.7%, which is less then your ""broad concensus"". And this is the best argument for that effect, and other studies found less effect?"


Cosigning on a loan. More broadly any exchange of value between family members or friends. Despite good intentions, these often go awry.


"Ah, I thought Boise was in the path, but it's too far south.  Most of the ""out of the way"" places that are in totality are should be treating this like a natural disaster dry run.    No real harm to life or property (in theory), but all the logistics of  dealing with 2-10x more people than you normally have."


what intelligence? so now i can't do what you're doing without you being a bitch about it? what, you don't like it when someone completely misses the point of what you're saying because they'd rather jerk themselves off while pretending to be on point?


"Here's a [quick video](https://www.youtube.com/watch?v=jTYkdEU_B4o) of police and courts in a private market.  If you're intrigued, I'll link you to a longer, more detailed explanation.  Also there are two short essays called ""Chaos Theory"" than you can get for free on Mises.org that explains this plus national defense without government or taxes."


Volumes are used to predict momentum of movement, not the direction of it. Large trading volumes generally tend to create a price breakout in either positive or negative direction. Especially in relatively illiquid stocks (like small caps), sudden volume surges can create sharp price fluctuations.


"You are doing Great! But you might want to read a couple of books and do some studying on budgeting and personal finance - education yourself now and you will avoid pain in the future. I learned a lot from reading Dave Ramsey's Total Money Makeover, and I have found some great advice from the simple budgeting guidelines on LearnVest. Budget in these three categories with these percentages, You may find that your ""essentials"" lower than 50%, because you are sharing room and utilities. You want to put as much into ""financial"" as you can for the first 1-2 years, to reduce (or eliminate) your student loan debt. Many folks will recommend you save six months (salary/expenses) for emergencies and unexpected situations. But understand that you are in debt now, and you have a unique opportunity to pay off your debt before your living expenses creep up (as they so often do). Since you are a contractor, put aside 2 months expenses (twice what I would normally advise), and then attack paying off your debts with passion. Since you have a mix of student loans, focus on paying them off by picking one at a time, paying the minimum against the others while you pay off the one you picked, then proceed to the next. Dave Ramsey advises a Debt Snowball, paying the smallest one first (psychological advantage, early wins), while others advise paying the highest interest off first. Since you have over $2400/month available to pay down debt, you could plan on reducing your student loan debt substantially in a year.  But avoid accumulating other debt along the way. Save for larger purchases. Your bedroom purchase may have been premature, but you needed some basics. But check your contract. Since many 0% furniture loan deals retroactively charge interest if you don't pay them off in full - you might want to make regular payments, and pay the debt off a month early (avoid any 'gotcha's). You might want to open a retirement account - many folks recommend a Roth account for folks your age - it is after tax, but you don't pay tax when you withdraw money. Roth is better when you have lots of deductions (think mortgage, kids). But some retirement account would be great to get started. Open a credit union account (if you can), that will make getting a credit card or personal loan (installment) easier. You want to build a credit file, but you don't want credit card debt (seems contradictory), so opening 2 credit cards over the next year will help your credit. You want a good credit mix (student loans, revolving, installment, and mortgage - wait on that one)."


> He generally is; but he doesn't have to be.  A bee can live outside of the hive.  If I destroy the hive, the bee survives.  > severely limited and constrained us.  Fantasy.    Name me one accomplishment that man, on his own, can do that would surpass what man, together, have done.


Are you willing to risk the possibility of investing to prepare for these things and losing money or simply getting meager returns if those crises don't happen? Just invest in a well diversified portfolio both geographically and across multiple sectors and you should be fine.


"We can also all sit back and bitch about how there are no jobs!  No one is willing to pay for services anymore because everything is  ""free""on the internet.  You have billions of dollars flowing to startups with <100 employees.  Monetizing the internet outside of advertising would be a boon to the economy and jobs....people just can't see it.  If everyone paid for things, you know like pre-internet...we would probably have better quality stuff.  For example, News has suffered...laying off all the real journalists. Google would be forced to actually compete with companies vs. Giving everything away free.  That creates employment opportunities for other startups to compete in a fair environment vs. Trying to acquire millions of users on no revenue."


Hi I am assuming you are doing this in the US?  I run a social media / content marketing agency in the UK,  Some of our very first clients were real estate agents, the idea we had was to market properties through Facebook using interior and exterior video shots to commercial music,  This took off with some estate agents and not so much with others,  My biggest piece of advice find a chain and start there that way you will get a hell of a lot of recognition by the smaller firms,  You need to find a realistic price point for your clients that is measurable on the ROI and ultimately pays for your lifestyle. I started at £200 which is $257 dollars - arguably very underpriced but it gave me the opportunity to work with a cluster of people,  I even went to the extreme of offering free work so I could get work for the portfolio!  In terms of who to contact and how to find them.. enter Linkedin.com your new best friend - connect with real estate developers, buyers, owners you name it then informally introduce yourself and ask when they are free for a coffee. Post an article about why video and drone footage is the next big thing for real estate, don't be afraid to ask for the business at the end of the day you are providing cold hard value.  I've always tried to get retainer deals with clients in the real estate sector but to achieve this you have to talk to the big boys and not independent firms. I could be wrong though I haven't done business with a lot of people in the states so definitely something to keep in mind.  A good lot of this business idea is trial and error but I agree with it 100% just go and do basically,  Hope this helps - I am happy to show you some of my work if you want to shoot me over a private message!


I agree with your strategy of using a conservative estimate to overpay taxes and get a refund next year. As a self-employed individual you are responsible for paying self-employment tax (which means paying Social Security and Medicare tax for yourself as both: employee and an employer.) Current Social Security Rate is 6.2% and Medicare is 1.45%, so your Self-employment tax is 15.3% (7.65%X2) Assuming you are single, your effective tax rate will be over 10% (portion of your income under $ 9,075), but less than 15% ($9,075-$36,900), so to adopt a conservative approach, let's use the 15% number.  Given Self-employment and Federal Income tax rate estimates, very conservative approach, your estimated tax can be 30% (Self-employment tax plus income tax) Should you expect much higher compensation, you might move to the 25% tax bracket and adjust this amount to 40%.


Traditional and Roth 401k share a contribution limit of $16.5k. This means you could actually contribute to both if you wished to (say, if you weren't 100% on how taxes will change come retirement time), but the combined contributions for the year cannot exceed that limit.


Tell me about it. Looking for housing here when you're not one of those lucky millionaires sucks big time. For $2000 a month you can get a 950 square foot condo with two bedrooms and two bathrooms. What a deal!


"> The bottom line is that everyone would not mind to enter a PIN to get the transaction through, but a stupid ego trip of the credit card companies who don't want to be ""like ATMs"". That's it.  I mind. If a crook standing behind me in line seems me enter my pin he might then try to mug me for my card outside the store.  If he sees me sign my name he's less likely to do that. This is obvious.  > That's true... if the amount is over $25. Did you notice it? Actually, at Costco is over $50.  That is a relatively new policy a specific few merchants.  > so I just put couple of lines...  That's got less to do with the screen being unable to comprehend your signature, it could d that if they wanted it to, and the fact that many people have terrible signatures. Look at doctors for example."


"Interest rates are at a record low and the government is printing money. You can get a fixed rate loan at a rate equal to inflation in a healthy economy. Unless you know that you are moving in < 5 years, why would you expose yourself to interest rate risk when rates are about as close to zero as they can be? If your thought with respect to mitigating interest rate risk is: ""What's the big deal, I'll just refinance!"", think again, because in a market where rates are climbing, you may not be able to affordably refinance at the LTV that you'll have in 5-7 years.  From 1974-1991, 30 year mortgages never fell below 9%, and were over 12% from 1979 to 1985. Think about what those kinds of rates -- which reduce a new homeowner's buying power by over 40%, would do to your homes value."


I've lived in a few shared houses in my time. One house had one unemployed guy, two students, and two of us earning very little. We had individual rental agreements with the landlord, so if one of us missed a few payments they'd be liable for eviction without affecting the others. To be honest I've not heard of this arrangement elsewhere. Every other rental agreement I had we signed a joint contract. I've had to pay housemates bills a couple of times to avoid a judgement against us and it was a pain getting my money back and strained our friendship. I'm still owed a few hundred that I'll never see again. In general if you can't trust your housemates to pay their bills you're probably better off looking for somewhere else to live.


Thank you, I was thinking the same way. A lot of women who are in a relationship and with children want to contribute financially, feel like they are accomplishing something and be successful (in the career sense) but still have their main role as house/child care. These schemes prey and focus on this and how easy it is to do from home/in your own time. It is something that a lot of people wish were true and get sucked in by.


"More silly ""experiments""  For the 100000th time:  Giving free money to any subset of the population will increase wealth relative to the portion of the population that didn't receive free money. Ergo, the experiment will appear to work for that subset.  Likewise, giving free money to the *entire* population does not increase wealth relative to any other group in the population and will therefore not work.  What have we learned? The uncomfortable and utterly obvious truth: That wealth is forever and always a measure of inequality and not a metric. The number is irrelevant.   Down vote if this fact contradicts your philosophy and/or makes you feel bad. Or if you think basic income is a new idea,"


"When trying to understand accounting, it's always helpful to reference the balance sheet identity, thus , and debits and credits must balance. In this case, one would So that ""Cash"" is subtracted (credited) from assets, and ""Loans to family members"" is added (debited) to assets. The income identity is treated differently as So, unless if the ""Cash"" and ""Loans to family members"" did not start imbalanced, there was no revenue or expense.  A revenue will be any interest paid.  The expenses will be any costs related to loaning the money such as drafting a contract or any amount defaulted. Assets are not liabilities A liability on the balance sheet is a liability owed by the entity measured, such as a person or a company. The family members in this case are the borrowers, so they are the ones who must increase their liability accounts like so: The lender to family members would not increase liabilities in this case because the lender is not borrowing from the borrower. Debits, credits, and the balance sheet Debits & credits must be equal, or an identity is violated. Debits add to assets and subtract from liabilities (and equity) while credits subtract from assets and add to liabilities (and equity). If a lender were to try to simultaneously subtract cash from assets and add loans to liabilities to book a loan, the operation would look like this This would cause an immediate imbalance because there are no offsetting debits, but more importantly, crediting Loans to family members as a liability would actually mean that the lender owes Loans to family members."


You could easily move to Nashville TN. Enough jobs, low cost of living and high median wages. But no you insist on living in all of these trendy places and complain life is so hard and expensive.   You americans really don't understand how fucking entitled you are. If you have ever endured poverty you'd understand what I'm talking about. But you insist that a life without traveling and smartphones is miserable.   You americans are nothing but a bunch of privileged pigs. The sooner the likes like you die off the better. America should be in the hands of those willing to work and look for opportunities, not for those waiting to get them handed.


I'm trying to organize my financial papers as well.  I have a Fujitsu ScanSnap and it's tearing through my papers like a hot knife through butter (i.e. awesome). Here's how I'm addressing organizing the paper. I'm organizing mine a little bit organically.  Here are the main parts: So anyway, all that to say that it's not necessary to organize the files to the hilt.  If you want to, that's fine too, but it's a tradeoff:  up-front organization for possibly some time savings later.  The search function available is decreasing the advantage of organizing your files carefully.  If throwing all of your files in a digital pile makes your skin crawl, then I won't force you otherwise, but I'm not worried about it for the time being. What you're doing with the other tracking sounds fine to me.  Others may have different insights there.


I found out about Louis from the internet, I previously had only watched his stand-up on the internet, and then I bought one show for 5$.  I also used to watch Derrick comedy (online only) and would buy a similar download from Donald Glover if he offered one.  This model is EXACTLY what people need, since it will lead to a hell of a lot more middle-class artists selling directly to small portions of the public with very little over-head.


That's an interesting observation. Do you have any examples?   I wonder if this topic has been research: is it better to spend cash up-front to kill a threat than to concede some market share and earn less for longer in the future? Surely, the target company knows they are a strategic asset, and won't sell themselves cheap.


"To expand a bit on @MSalters's answer ... When I read your question title I assumed that by ""retirement funds"" you meant target-date funds that are close to their target dates (say, the 2015 target fund).  When I saw that you were referring to all target-date funds, it occurred to me that examining how such funds modify their portfolios over time would actually help answer your question. If you look at a near-term target fund you can see that a smaller percent is invested internationally, the same way a smaller percent is invested in stocks.  It's because of risk.  Since it's more likely that you will need some of the money soon, and since you'll be cashing out said money in US Dollars, it's risky to have too much invested in foreign currencies.  If you need money that's currently invested in a foreign currency and that currency happens to be doing poorly against USD at the moment, then you'll lose money simply because you need it now. This is the same rationale that goes into target-date funds' moving from stocks to bonds over time.  Since the value of a stock portfolio has a lot more natural volatility than the value of a bond portfolio, if you're heavily invested in stocks when you need to withdraw money, there's a higher probability that you'll need to cash out just when stocks happen to be doing relatively poorly.  Being invested more in bonds around when you'll need your money is less risky. Similarly, being more invested in US dollars than in foreign currencies around when you'll need your money is also less risky."


"This paper by a Columbia business school professor says: The standard 60%/40% strategy outperforms a 100% bond or 100% stock strategy over the 1926-1940 period (Figure 5) and over the 1990-2011 period (Figure 6). This is based on actual market data from those periods.  You can see the figures in the PDF.  These are periods of 14 and 21 years, which is perhaps shorter than the amount of time money would sit in your IRA, but still a fairly long time.  The author goes on with a lot of additional discussion and claims that ""under certain conditions, rebalancing will always outperform a buy-and-hold portfolio given sufficient time"". Of course, there are also many periods over which a given asset mix would underperform, so there are no guarantees here.  I read your question as asking ""is there any data suggesting that rebalancing a diversified portfolio can outperform an all-in-one-asset-class portfolio"".  There is some such data.  However, if you're asking which investing strategy you should actually choose, you'd want to look at a lot of data on both sides.  You're unlikely to find data that ""proves"" anything conclusively either way. It should also be noted that the rebalancing advantage described here (and in your question) is not specific to bonds.  For instance, in theory, rebalancing between US and international stocks could show a similar advantage over an all-US or all-non-US portfolio. The paper contains a lot of additional discussion about rebalancing.  It seems that your question is really about whether rebalancing a diverse portfolio is better than going all-in with one asset class, and this question is touched on throughout the paper.  The author mentions that diversification and rebalancing strategies should be chosen not solely for their effect on mathematically-calculated returns, but for their match with your psychological makeup and tolerance for risk."


It's tricky to calculate what us Europeans pay equivalent to US 'gas' (petrol) prices.   I currently pay about €72 for ~42litres of petrol.   Heard on the radio that we pay the equivalent of ~$9/US gallon for petrol.   Why haven't the Germans gone all electric with their Mercs and Beemers? With the prices we pay it would make even more sense over this side of the pond. It's strange to wait for Tesla to mass-produce the electric car.  Shorter average distances too mean shorter commutes, so the range issue of batteries is also more favourable to European geography.


I agree with your post 100%  on this question: > What is it that allows some people to break out of rigid patterns of thought, i.e. routines?  It seems to be simply the belief that one, first off, should and second that they actually have the ability too. I believe a lot of that probably comes from culture/environment.   This is why left leaning people sometimes annoy me. With all of their good intentions and aspirations of social justice, they don't realize how much they are fucking over and disempowering young black kids by telling them that the system is stacked against them.


"Oh, I've gotten the ""massive upside"" in writing - you get 10,000 shares of this thing! Just sign here! But then it turns out that they can water those shares down whenever they want, or of course they're worth nothing when the thing tanks. The fact that it's a pretty sophisticated game is not always obvious, especially to those who are new to it."


Securities change in prices. You can buy ten 10'000 share of a stock for $1 each one day on release and sell it for $40 each if you're lucky in the future for a gross profit of 40*10000 = 400'0000


You will have no problem doing this for one home and living in it for one or two years.  There's a recent court case with around six homes bought and sold by the same person in that time frame.  That's what you've probably heard about.  There's no hard and fast rule about when it becomes a business but here are some highlights from that court case. Among the criteria developed by the case law, the following are of   note: Constantin v. The Queen, 2014 TCC 327 (CanLII)


Is the balance (in dollars, say) automatically converted to rupees when I try to: You can't transact on this account like you do on savings account. So there is NO ATM/Debit Card/Net Banking. You have to walk-in to the Branch and withdraw in local currency or in travel cards as required. Am I correct in understanding that a resident foreign currency account cannot have deposits made into it in rupees, say if someone wants to transfer money to me using IMPS? Deposits are restricted. See RBI circular


">but don't leave out the democrats as your article does  I really think that saying the Democrats are somehow ""equally"" to blame would be ignoring [research](http://www.people-press.org/2011/12/15/frustration-with-congress-could-hurt-republican-incumbents/) that suggests that the public assigns a greater responsiility to Republicans than Democrats. I have heard *no* meaningful discussions about problems facing us from Republicans.   But I have heard how Obama is at fault for everything wrong in this world, while telling us that we need to repeal every drop of Obamacare and financial reform (as if there was never an economics crisis or major problems with health care). All that congress is able to do these days is pander to a two year election cycle."


Probably because large chains can absorb the loss from fraud better than small stores do.  Thus, small stores want to ensure that the person holding the card is the same as the name on the card.


Of course it has a goal - if it didn't have a goal and a structure we would call it anarchy.  The goal of capitalism is to answer the economic question, namely how to determine what is to be produced and who is to owns the factors of production. Same as communism.


A mutual fund that purchases bonds is a bond fund.     Bond funds are considered to be less risk than a traditional stock mutual fund.   The cost of this less risk is that they have earned (on average) less than mutual funds investing in stocks. Sometimes, bonds have different tax consequences than stocks.


According to Publication 590, broker's commissions for stock transactions within an IRA cannot be paid in addition to the IRA contribution(s), but they are deductible as part of the contribution, or add to the basis if you are making a nondeductible contribution to a Traditional IRA. (Top of Page 10, and Page 12, column 1, in the 2012 edition of Pub 590). On the other hand, trustees'  administrative fees can be paid from outside the IRA if they are billed separately, and are even deductible as a Miscellaneous Deduction on Schedule A of your income tax return (subject to the 2% of AGI threshold).  A long time ago, when my IRA account balances were much smaller, I used to get a bill from my IRA custodian for a $20 annual administrative fee which I paid separately (but never got to deduct due to the 2% threshold). My custodian also allowed  the option of doing nothing in which case the $20 would be collected from (and thus reduce) the amount of money in my IRA.  Note that this does not apply to the expenses charged by the mutual funds that you might have in your IRA; these expenses are treated the same as brokerage commissions and must be paid from within the IRA.


Unfortunately, a Supreme Court case (Prima Paint Corp. v. Flood & Conklin Mfg. Co.) held that arbitration clauses are enforceable even when you are challenging the enforceability of the contract generally.  Shockingly, if you want to argue that an arbitration clause should not apply to you, you have to make your case to an arbitrator.


Zero economic profits will occur once the the rest of the industry acquires the same technology. If, as you say, the other firms cannot acquire the new tech but the technology is transferable, the other firms will go out of business and new ones will eventually enter the market which use the new technology. Once enough firms reenter the market, increasing the aggregate supply to equilibrium, economic profits will be 0.


Generally if there are enough details, they would match this up with your loan account and pass appropriate credit. The worst that can happen is;   In either case, watch your Loan account statement and it should show you the credit. If this does not then ask the company and they should be able to trace it and rectify. Under no scenario you would lose money.


I only wish I did business with WF so I could stop doing business with WF. He is only apologetic because they got caught. There is a history there, and I am sure he will be hiring the next lobbyist that will help him block or eliminate fair banking laws. But I don't trust any of these polished wall street/banking guys. I have no reason to.


"Are you in the US?  One thing you can do is prepay taxes at a rate of a 1.8% fee.  Much lower than paypal.  I would do this on what is ""left over"". Here are somethings that I would tend to do in your case: Those are some of the things I would be looking at. Do you care to share the details of your offer?"


So you dislike Unions?  Why were unions necessary in the first place?  Is that problem resolved, or will it crop up again if they go away?  My belief is that Unions (or rather, the problems they solved) are still necessary.  But their methods need oversight just as much as businesses need to be held accountable for how they treat their employees.  Government paying their employees well shouldn’t be an issue.  We should be paying all employees well.  But we are on a race to the bottom, when it comes to employee wages.  When we can outsource our work to other countries (by building American businesses their), and get rewarded for it, we have broadened the field our own employees have to compete against.  When those businesses pay pennies on the dollar that they have to pay here, our employees CAN’T compete.


Electrical engineer here, of my friends and colleagues their success in business has been directly correlated with the work they put into becomming skilled at what they do.  I will admit the super-success of becomming a billionaire depends on a great deal of luck in addition to all that hard work, but even the unlucky, hard working ones are living comfortable lives.


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We are the second most charitable country on the planet (source: world giving index), if Granny can't find support, she isn't really looking. The support is there for those genuinely in need. And, the money goes further because it doesn't have to pay bureaucrat salaries.


An option gives you the legal right to buy stock. However, you cannot exercise a stock option unless you have the ability to buy the stock. In the United States, securities not fully registered with the SEC for public sale cannot be purchased except by qualified investors.


As parents, observing the kid's activities is a treat to watch. It is the houseful movie that you watch in your homes and praise the actor, producer, director, who is indeed the same person - your kid. They surely love building games and they would surely love them more as they grow with them.


This could also be solved thanks to an idea Tesla had at the beginning of the Roadster era, but never went through it because they could never get it reliable enough. If you can build a transmission that can stand up to the high torque from no RPM that an electric motor provides, then that solves the problem. Obviously easier said than done, but it's not a fault with an electric motor itself, it's that they're all running on a 1 speed transmission


This was a really unusual deal because a fund owned by one of the owners of the company was buying much of the shares. Seems that maybe someone at the company realized that they could get an IPO for much less than 7% because the bank wasn't really doing much work or taking much risk for their cut. And that nobody figured to put contingencies for this in a contract because how often does it happen.  Edit: do people even read the articles for these things?  >>When you do an IPO where an existing shareholder (and company director) is buying half the deal, that's not quite the same as doing an IPO where the banks are just selling shares to investors that the banks dig up. And when that shareholder decides that he'd rather not buy, his escape is not so much refusing to pay for his shares as it is trying to get the deal pulled.  If VBL sues the banks, they can turn around and sue VBL saying that this is a backdoor way of getting out of their contract.


"As advised you need to budget, but there are a few simple things you can do to make it easier. Work out how much your fixed bills are every month, for example, council tax, gas and electric, mortgage and rent etc. On pay-day, move an amount of cash equal to this into another bank account when you get paid.  It's easier if this other account, let's call it a bills account, can pay the bills automatically via direct debits, you can then forget about it. Now your budget should tell you how much you spend on things that are more variable, food, fuel, travel etc.  Again on pay-day, move an amount of cash aside to cover this (plus a small buffer amount) into another account. Whatever is now left in your main account is yours to spend or save as you see fit.  You just need to make sure you are sticking to your budget and it's as easy as that.  If you cannot pay direct debits from the other accounts you just need to move the money over to cover them when they need paying. Most banks will let you set up extra accounts so you can mvoe the money easily using internet banking or by a monthly standing order.  If they won't let you have several ""current"" accounts you can use savings accounts but will need to manually move the money around as the bills are due.  If you get all your direct debits to debit on pay-day, that makes it even easier. If you are struggling for money then prioritise paying off debt first and prioritise the debt with the highest interest rate."


I doubt balsamic onion gastrique is a very scalable product.  But really, I'm confused about what's replacing dirt-cheap burgers for the low-income market. All of the products that are replacing them by this analysis are more expensive, which indicates they're probably capturing a different sector of the market. So the question is what are their former customers actually eating now, and has the low-income bracket fallen so low that not even dollar menus are affordable? Or is there some sort of cultural shift occurring in that demographic?


"> You mentioned the customer experience randomly in some parts, then threw in Wikileaks in others.  Only random if you don't understand what I'm saying. But I'll just give up instead of repeating again.  > Visa and Mastercard have relationships with banks and/or processors, who have relationships with merchants. […] Cardholders aren't Visa and MC's clients  I still don't understand. Why is the indirect relationship merchant->processor/bank->VISA so much stronger than cardholder->bank->VISA? Presumably VISA also tell banks not to allow *hardholders* to do illegal stuff with their cards?  >> The WikiLeaks blockade was clearly political. What makes you say otherwise? And this is political.  > So your argument is that anything political is the same as anything else political?  No, it's that the wikileaks thing was clearly political, and trying to say ""that's not relevant because it was a legal matter"" doesn't make sense since everything after ""because"" was wrong.  > As long as their reasons for doing so aren't discriminatory based on status in a protected class, they are (and should be) allowed to refuse service.  I'm not saying they're legally in the wrong."


"I've bought ISO stock over they years -- in NYSE traded companies.  Every time I've done so, they've done what's called ""sell-to-cover"".  And the gubmint treats the difference between FMV and purchase price as if it's part of your salary.  And for me, they've sold some stock extra to pay estimated taxes. So, if I got this right...  20,000 shares at $3 costs you 60,000 to buy them.  In my sell-to-cover at 5 scenario: did I get that right?  Keeping only 4,000 shares out of 20,000 doesn't feel right.  Maybe because I've always sold at a much ratio between strike price and FMV. Note I made some assumptions:  first is that the company will sell some of the stock to pay the taxes for you.  Second is your marginal tax rate.  Before you do anything check these. Is there some reason to exercise immediately?  I'd wait, personally."


"I would want a clause that says you can't endanger my portfolio, but that would never happen I guess. I've just started what I hope to be a long and successful career and I'm considering opting out of the company pension and managing it myself. Some economics people want to make this an ""every man for himself"" situation.   Right now I pay $400 per month into a pension, and at any point it may not exist. I don't think I'm alone in the idea that I can manage my own portfolio at least as well as that, and my own pension will stay with me no matter what, no matter how many companies I work for."


The benefit of the 401K and IRAs are that reallocating and re balancing are easy. They don't want you to move the funds every day, but you are not locked in to your current allocations. The fact that you mentioned in a comment that you also have a Roth IRA means that you should look at all retirements as a whole.  Look at what options you have in the 401K and also what options you have with the IRA. Then determine the overall allocation between bonds, stocks, international, REIT, etc. Then use the mix of funds  in the IRA and 401K to meet that goal. Asking if the 401K should be small and mid cap only can't be answered without knowing not just your risk tolerances but the total money in the 401K and IRA.  Pick an allocation, map the available funds to that allocation. Rebalance every year. But review the allocation in a few years or after a life event such as: change of job, getting married, having kids, or buying a house.


Advertisers understand that and that is why modern day ads do jackshit about representing the products. Their first goal is to make their name known, and second goal is to establish it as a cool/must-have brand. Do you think people buy Gucci for quality? Those who say yes are in denial.


"Off the top of my head, I don't know of any publicly-traded companies that routinely earmark distributions as return of capital, but theoretically, it's certainly applicable to any publicly-traded company. The Wikipedia article gives one situation in which a publicly-traded company may use return of capital: Public business may return capital as a means to increase the debt/equity ratio and increase their leverage (risk profile). Since return of capital is a distribution, it shrinks the firm's equity, thus increasing its leverage. Investopedia also has an article, Dividend Facts You May Not Know, that gives an example of when return of capital might be used: Sometimes, especially in the case of a special, large dividend, part of the dividend is actually declared by the company to be a return of capital. In this case, instead of being taxed at the time of distribution, the return of capital is used to reduce the basis of the stock, making for a larger capital gain down the road, assuming the selling price is higher than the basis. For instance, if you buy shares with a basis of $10 each and you get a $1 special dividend, 55 cents of which is return of capital, the taxable dividend is 45 cents, the new basis is $9.45 and you will pay capital gains tax on that 55 cents when you sell your shares sometime in the future. A company may choose to earmark some or all of its distribution as return of capital in order to provide shareholders with a more beneficial tax treatment. The IRS describes this different tax treatment: Distributions that qualify as a return of capital are not dividends. A return of capital is a return of some or all of your investment in the stock of the company. A return of capital reduces the basis of your stock. These distributions don't necessarily count as taxable income, except in some instances: Once the basis of your stock has been reduced to zero, any further non-dividend distribution is capital gain. The IRS also states: A distribution generally qualifies as a return of capital if the corporation making the distribution does not have any accumulated or current year earnings and profits. In this case, the firm is lowering its equity because it's paying distributions out of that equity instead of accumulated earnings/profits. A company may use return of capital to maintain a distribution even in times of financial difficulty.  In the context of closed-end funds, however, return of capital can be much more complicated and can affect the fund's performance and reputation in numerous ways. Also, JB King is correct in cautioning you that ""return of capital"" is not the same thing as ""return on capital*. The latter is a method for valuing a company and determining ""how efficient a company is where it comes to using its resources."" (to quote JB King's comment again)."


"Yes, so much for audit. We are audited yearly by one of big-4 and me being in IT Management was asked by the Auditors prove that ""the system will not allow to enter an order for a customer that does not exist."" ?!?!?!  As for finance, I was once asked to setup credit card processing of a new type of orders. Done and tested! I then asked them to tell me when they start accepting the new orders, because I need to setup a job to send the charges to the bank. They did not inform me and accepted orders for $100,000s. Suddenly, after a year they discovered that we do not get paid by the bank.   You would think that one of the basic jobs of accounting it to make sure Total Sales = Total Payments.   We had write off $100,000s because I can only charge customers for orders in the last 30 days, before their credit card authorizations expires."


Yes, but the fact is they probably don't have the cash to pay them right now. I know they just did a cash raise by offering existing shareholders rights to purchase more shares and then additionally issuing new shares. this is always a sign of a weak cash positions, although I'm not quite sure where their cash position is post-rights offering. One of the other issues was the US DOJ fined DB wayyyy more than they should have relative to what they fined US banks for the MBS crisis. Basically US Banks were fined fairly, but DB wasn't because they are foreign and the DOJ likes using foreign companies as piggy-banks...obviously this comes back to hurt the US as now Europeans are more than happy to fine US tech companies up the yin-yang. An eye for an eye...


If your broker lets you, you could just short GLD shares. The borrow cost is de minimis (it looks like it's basically zero at the moment), and there's no real upfront cost aside from the margin you'd have to post against the position. Don't forget to set a stop, though.   You can also look at buying lower-strike puts (the lower the strike, the cheaper the cost). Don't go selling calls - that's probably outside your risk profile.


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At the most basic level of financing a business -- you are trying to acquire capital as cheaply as you can to invest in your projects.  The measure for how expensive your capital is to acquire is Weighted Average Cost of Capital.    The formula for WACC:  Equity Ratio * Cost of Equity + Debt Ratio * Cost of Debt * (1 - Tax Rate) This is also your discount rate when you're making a DCF model.  Debt tends to be cheaper than equity when you don't already have any, and is also advantaged by tax rates since you don't pay taxes on interest.  In the real world, banks and lenders will ratchet up rates the more debt you acquire, or shut you out once you've taken on too much and your debt service coverage is too low for them.  In a classroom though, most teachers are too lazy to make a curvilinear formula for borrowing and will just state a rate for borrowing so you can load up on debt so long as you don't fall below being able to service your debt (cash flow to make your debt payments).  This will ultimately juice the returns on equity.  Realistically, you would find lenders would let you have ~20% equity in the business and ~80% debt without raising your teacher's eyebrow.  If you haven't taken accounting yet; be careful about the difference between cash and revenue in your analyses.  Revenue is recognition for work done; not cash in hand.  You can have all the revenue in the world but if no one's paid you for it yet, you can't pay anyone.


"I am at work now, so I will reply later.  **But this is especially for you, from today, [announcement from Trump](https://twitter.com/realDonaldTrump/status/897079051277537280?s=09): ""Now that Ken Frazier of Merck Pharma has resigned from President's Manufacturing Council,he will have more time to LOWER RIPOFF DRUG PRICES!""**"


"I figured that there must be some people in a corporate office somewhere who sign $100M loans for lunch. :)  The banks have that experience (but I'm not interested in asking them for a sample), and our consultants definitely have that experience, but I'm looking to evaluate the consultants with this exercise. If they provide the sample, then deliver to that sample, I'm still blind as to whether that sample is ""good"" as compared to something that the corporate world would use on the daily.  I'd take your advice for the $1M loan, but I can't help but think as the factors of 10 increase, the data required to properly negotiate also increases. I don't want to go in blind, and provide a proposal that looks like a high school project."


Barclays offers an iPath ETN (not quite an ETF), DJP, which tracks the total return of the Dow Jones-AIG Commodity Index.


Charles Schwab and HSBC offer security tokens.


The two things are materially different. Point number 1.  With a credit card, the bank (and card network) earn a fee every time you spend on your card.  You swipe a $100 dinner, the credit card company makes about $3.  You pay it back, they may not make any interest but they've made their $3.  Additionally, if you have a $1,000,000 credit limit, you've only actually borrowed $100; which brings me to point number 2.   Point number 2.  A credit limit of $X is not in any way the same as a loan for $X.  When you seek a personal loan, the lender hands you money in equal amount to your loan, less any origination fees that may apply.  Your loan for $8,000 results in $8,000 being wired to your account.  Your credit limit is only a loan when you actually charge something.  Until then its a simple (adjustable) risk limit set by the bank's underwriters. Point number 3.  Your credit report contains no income information.  It's up to the lender to determine what sort of risk they're willing to take.  Some personal lenders are just fine with stated income and employer contact information.  Some lenders want to see some pay-stubs.  Some lenders will lend $X on stated income but won't lend $X+1 without income verification.  Some will lend the money at a lower interest rate if you do prove your income and employment.  It's all lender specific.  Credit card issuers are clearly lax on the income verification piece of the equation because of points number 1 and 2. Point number 4.  If you're getting a loan for your required mortgage down-payment you are a much bigger repayment risk than you realize.


It won't be over this motion, and it probably won't happen today, or next week, or next month, or next year, but one day the dam will burst and blood will be shed.  With every passing day, the mass of people are being left with fewer and fewer options, and one day they will resort to the only option they have left.


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12b1's have fallen out of favor in recent years, and are typically capped at about 0.25%. they are also usually waived and factored into the fund OER these days, too, though it depends on who your broker is.  any revenue sharing shouldn't increase your fees. in my experience, there is more incentivizing for cross selling rather than revenue sharing, but in any case those would be fractions of your revenue allocated to different parties, and not additional fees.


We don't want jobs just so we can do work.   We want productive jobs so that we can consume the goods we produce.  Everyone in Soviet Russia had jobs, but they were all poor.  Just because you get an income does not mean that you are being productive.    It is not circular, because unproductive jobs destroy wealth despite having an income.   Sure, go ahead.


It's based on potential. Things like market share, market size, competitive analysis and growth opportunity.    Ex: being as big as reddit is + the fact they are a large player = how they could leverage this to drive even more value than they currently have in the future  Also everything is inflated right now and the value factors in how much someone might (over) pay to acquire them.


One thing to keep in mind is that with Roth accounts, there are different withdrawal considerations based on your contributions. For example, you can withdraw Roth IRA contributions whenever you want in the future.  However this really has nothing to do with your cost basis and purely to do with the contribution amount vs balance.


Because hes presenting a feel-good ideal like it is some sort of solution. You can't stop having a kid part way through or quit a mortgage like an addiction. No birth control is 100% effective. People aren't going to go live like a monk in a tent just because someone says they aren't valuable, they aren't going to just slowly let themselves starve to death and die out either. You can try it but as anyone would expect, people resort to crime and adapt to being poor and uneducated.


I'm not sure about your first two options.  But given your situation, a variant of option three seems possible.   That way you don't have to throw away your appraisal, although it's possible that you'll need to get some kind of addendum related to the repairs.   You also don't have your liquid money tied up long term.  You just need to float it for a month or two while the repairs are being done.  The bank should be able to preapprove you for the loan.   Note that you might be better off without the loan.  You'll have to pay interest on the loan and there's extra red tape.   I'd just prefer not to tie up so much money in this property.   I don't understand this.  With a loan, you are even more tied up.  Anything you do, you have to work with the bank.  Sure, you have $80k more cash available with the loan, but it doesn't sound like you need it.  With the loan, the bank makes the profit.  If you buy in cash, you lose your interest from the cash, but you save paying the interest on the loan.  In general, the interest rate on the loan will be higher than the return on the cash equivalent.   A fourth option would be to pay the $15k up front as earnest money.  The seller does the repairs through your chosen contractor.  You pay the remaining $12.5k for the downpayment and buy the house with the loan.  This is a more complicated purchase contract though, so cash might be a better option.   You can easily evaluate the difficulty of the second option.  Call a different bank and ask.  If you explain the situation, they'll let you know if they can use the existing appraisal or not.  Also consider asking the appraiser if there are specific banks that will accept the appraisal.  That might be quicker than randomly choosing banks.   It may be that your current bank just isn't used to investment properties.  Requiring the previous owner to do repairs prior to sale is very common in residential properties.  It sounds like the loan officer is trying to use the rules for residential for your investment purchase.  A different bank may be more inclined to work with you for your actual purchase.


This reminds me of the guy that yells out at 3:48 in [this video](https://www.youtube.com/watch?v=Rls8H6MktrA). It's a pretty good video too. Worth watching if you agree with the general sentiment of this thread and have never heard an intelligent person offer a different perspective. Escape the bubble.


"So either scenario has about $10K upfront costs (either realtor/selling expenses or fixing up for rental). Furthermore, I'm sure that the buyers would want you to fix all these things anyway, or reduce the price accordingly, but let's ignore this. Let's also ignore the remaining mortgage, since it looks like you can comfortably pay it off. Assuming 10% property management and 10% average vacancy (check your market), and rental price at $1000 - you end up with these numbers: I took very conservative estimates both on the rent (lower than you expect) and the maintenance expense (although on average over the years ,since you need to have some reserves, this is probably quite reasonable). You end up with 2.7% ROI, which is not a lot for a rental. The rule of thumb your wife mentioned (1% of cash equity) is indeed usually for ROI of leveraged rental purchase. However, if rental prices in your area are rising, as it sounds like they are, you may end up there quite soon anyway. The downside is that the money is locked in. If you're confident in your ability to rent and are not loosing the tax benefit of selling since it sounds like you've not appreciated, you may take out some cash through a cash-out refi. To keep cash-flow near-0, you need to cash out so that the payments would be at or less than the $3200/year (i.e.: $266/month). That would make about $50K at 30/yr fixed 5% loan. What's best is up to you to decide, of course. Check whether ""you can always sell"" holds for you. I.e.: how stable is the market, what happens if one or two large employers disappear, etc."


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$9000 over 6 months is great, I'd use it for long term savings regardless of the 401(k) situation. There's nothing wrong with a mix of pre and post tax money for retirement. In fact, it's a great way to avoid paying too much tax should your 401(k) withdrawals in retirement push you into a higher bracket. Just invest this as you would your other long term money.


Making or losing income (via selling shares) is the taxable event, not moving the income you made to and from an account.  The only exception would be a special account such as an IRA, and then there would be rules specific to that account structure about when you can withdraw money and what the tax consequences are.


I don't think it'll have too much impact on the businesses, beyond needing to upgrade card terminals. There is a large impact on the consumer: banks consider all transactions authorized by the chip and PIN to have been made by the cardholder; there is much less fraud protection, and chip and PIN is not infallible (a few flaws have been found in it, and it makes it possible for a mugger to verify that you have given them the correct PIN for the card in a readily-available handheld device).


"When ""people say"", each person is referring to whatever he/she is looking at.  Interest rates tend to move roughly the same, but often there is a bias regarding long vs. short term.  In the US right now, short term interest rates are very low but there is a lot of chatter saying they will rise in the future.  The differential between long term rates and short term rates is high compared to historical norms, suggesting that the market believes this chatter.  You can also look at the differences in rates between different quality levels.  If the economy is improving, the difference in rate for lower rated debt vs. higher rated debt decreases as people think the chance of businesses failing is decreasing. Right now, any interest rate you look at is well below long term historical averages, so asserting that interest rates are low is quite safe."


If you introduce a new language and all the successful people start to use it, then you have changed the norms of an entire culture.   It used to be citizens and duty.   Now it is consumers and returns on investment.   Somehow MBA language and graduates are responsible for changing our entire perspective into valuing everything monetarily.


Similar thing in Korea. Since many people use public transportation, it makes more sense to buy grocery and other items, drop it off at the delivery station, then head home. Your stuff gets delivered to your house same day, and you don't have to worry about lugging the bags home.


I get teh flight to quality arguement aka best of the dirty shirts philosophy, but I am talking realistically. And of course a 3% 10yr is worth more on the seconday market now that rates are at 1.65%.  That doesn't mean you buy the 1.65%


I'd guess the broader U.S. economy will take it as a small blip. It will hurt oil, possibly the airlines, but we have large stockpiles of oil and the country has expanded renewables a lot lately.  That being said, I could see this as being devastating for Texas and Houston in particular for a very long time.


0% bonds are desirable for some individuals. It depends on your situation. 0% bonds are usually sold well below par value (eg a 100$ face value bond for 2020 might sell for 90$ today) Hence, your gains will be CAPITAL GAINS. A similar investment paying interest would be taxed as INCOME, and smaller portion of capital gains. In many countries (US, Canada) Capital gains are taxed at a more favourable rate then income. This is especially true when holding these investments in corporations.


"Again massive generalisations I haven't looked at the numbers at all, so could be way off, and it will be a local issue.   If overall housing demand > supply; little movement in price  If current supply = current demand; then the increase in supply should lower prices a little. I'd expect a lot of conversions to enable greater access to the housing market from first time buyers (which is generally where the growth comes from).   If current supply > current demand (rare, Detroit, some ""company towns"" where the company has left etc) ; prices should already be depressed, more supply pushes them lower still. If people can keep up with mortgage payments then all okay, if not repossessions. I doubt this option is large enough to carry much risk.    I'm fairly sure any bank has people far smarter, and far more qualified,  than me looking at macro trends with actual data, so whatever shocks are coming from the boomers dying off will be well managed."


"I think it's great that you want to contribute. Course Instructor You may want to take a look at becoming an instructor for a course like Dave Ramsey's Financial Peace University. These are commonly offered through churches and other community venues for a fee. This may be a good fit if you want to focus on basic financial literacy, setting up and sticking to a budget, and getting their financial ""house"" in order. It may not be a good fit if you don't want to teach an existing curriculum, or if you find the tenets of the course too unpalatable. A significant number of the people in Dave's audience are close to or in the middle of a financial meltdown, and so his advice includes controversial ideas such as avoiding credit altogether, often because that's how they got into their current mess. Counselor If you want to run your own show, I know of several people who have built their own practice that is run along the lines of a counselor charging hourly rates, and they work with couples who are having money problems. Building a reputation and a network of referring counselors and professionals is key here, and definitely seems like it would require a full-time commitment. I would avoid ""credit counseling"" and the like. Most of these organizations are focused on restructuring credit card debt, not spending signficant time on behavioral change. You don't need a series 7, 63, 65 etc. or even a CFA. I've previously acquired a number of these and can confirm that they are investment credentials that are intended to help you get a job and/or get more business as a broker or conventional financial planner, i.e. salesperson of securities. The licensure process is necessary to protect consumers from advice that serves the investment sales force but is bad for the consumer, and because you must be licensed to provide investment advice. There is a class of fee-only financial planners, but they primarily deal with complex issues that allow them to make money, and often give away basic personal finance advice for free in the form of articles, podcasts, etc.  Charity For part-time or free work, in my area there are also several charity organizations that help people do their taxes and provide basic budgeting and personal finance instruction, but this is very localized and may vary quite a bit depending on where you live. However, if there are none near you, you can always start one! Journalism If you have an interest in writing, there are also people who work as journalists and write columns, books, or newsletters, and it is much easier now to publish and build a network online, either on your own, through a blog or contributing to a website. Speaker at Community events There are also many opportunities to speak to a specific community such as a church or social organization. For example, where I live there are local organizations for Spanish speaking, Polish speaking, elderly, young professional, young mother and retiree groups for example, all of who might be interested in your advice on issues that specifically address their needs. Good luck!"


"An extra 7200 a year can buy me a lot of happiness. Hell 10k for one year would buy me a helluva lot of happiness. Not talking drugs, or a car or anything like that. It'd just be ""cool that's 600 a month I DON'T have to worry about"" and that covers a few bills."


recommend keeping some amount of money in cash as an emergency fund I see two keywords, with two interpretations here. Cash: Emergency: 1 + 1 is rarely a problem. Even if it takes a couple of days to sell reliable investments. 1 + 2 is a rather large problem. You need to leave town, today, because the town won't be there tomorrow. You're out of gas, and the phones are not working. The guy minding the local service station with an AR-15 can't process your Amex Centurion card and would prefer actual cash. I live in an area prone to earthquakes and cyclonic storms. The last large one didn't knock out anything major, but the cash machines emptied out rather quickly. We keep a month's income in cash in the house, and I have a spare tank of gas in storage*. As others have said, there is no single answer for everyone. But do consider what you take for granted and what happens when it goes away.  *Change it every 2 months - common gasoline is not chemically stable


For Facebook and such companies, their ability to earn billions only happens through an IPO because that business model doesn't generate revenue. Without some drastic change that no one has mentioned, Facebook cannot make a profit, much less multi-billion dollar yearly profits.   So you launch an IPO to rip off the suckers


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I have used TurboTax for years with no problems. I clicked on the TaxAct link in an ad and decided to see if there was much different. Using the free version of Taxact, and inputting the exact same information, my federal taxes came out with a $1500 difference while my state taxes (NJ) came out almost identically. I rechecked my inputs twice and could find no typos in either program. While I would make out better with the TaxAct program in my wallet, I find the detailed questioning and directions in TurboTax to be superior. Somehow I am thinking that TaxAct has missed something but I can't figure out what. And the only way to actually print out your forms with TaxAct is to get the paid version, so comparing the final forms side bybside isn't a free option.


"Transferring the money or keeping it in US does has no effect on taxes. Your residency status has. Assuming you are Resident Alien in US for tax purpose and have paid the taxes to IRS and you are ""Non-Resident"" Indian for tax purposes in India as you are more than 182 outside India. How would it effect my Tax in US and India If you are ""Non-Resident"" in India for tax purposes, there is no tax liability of this in India. I have transferred an amount of approx 15-20k$ to Indian Account (not NRE) By RBI regulation, if you are ""Non-Resident"" then you should get your savings account converted to ""NRO"". You may not may not choose to open an NRE account. To keep the paper work clear it helps that you open an NRE account in India. Any investment needed ? Where do i need to declare if any ? These are not relevant.  Note any income generated in India, i.e. interest in Savings account / FDs / Rent etc; taxes need to be paid in India and declared in US and taxes paid in US as well. There is some relief under DTAA. There are quite a few question on this site that will help you clarify what needs to be done."


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Her current competence or incompetence and how she got the job is perfectly relevant. Obviously, and should be looked into in depth.  What isn't relevant is her studies 25 years ago. A 25-year-old Masters in computer security would be just as irrelevant, as the industry has changed drastically since that time.


"I'm not sure you can get a refund. In the US, companies aren't required by law to offer one. You could contact GoDaddy's customer service and ask them, but I would guess that they'll agree with the contents of the legal agreement. Unless there is another part of the agreement that does allow you to get a refund (there might be, I haven't read it), you're probably out of luck. And yes, this is legitimate. It's a legal agreement, and by checking the box (if there was one), going through with the purchase, etc. you indicated that you read and agreed to the legal agreement, and therefore accepted that you wouldn't be offered a refund. GoDaddy isn't responsible if someone purchases something from them without reading the agreement before agreeing to it. Furthermore, the legal agreement isn't the only place where the refund policy is stated. GoDaddy's page, ""What is Domain Buy Service?"" says: Your purchase is non-refundable and non-transferable. This is a help page, not something you explicitly agree to (and therefore not legally binding), but as a lesson for the future, always read the description of what you're purchasing before you purchase it. For general reference: if for some reason you were the victim of fraud, e.g. a company offered a refund in their legal agreement but refused to give it you, and you paid with a credit card, you have more options because you could work with your credit card company to potentially get your money back. In this case, however, the agreement was clear, so this isn't an option."


"Do you know even one Muslim person? My money is on no.  You're probably the same guy who will scream bloody murder about the government trying to take your guns, but you completely forget about the ""freedom of religion"" guaranteed by that same document. Then you go around posting retarded bullshit like ""Islam should be illegal"".   Have a great day you racist douchebag. Try not to wander into traffic."


I would suggest to buy your own printer, and calculate the cost for a page including the wear to the printer. Then either deduce these printing expenses, or ask the charity to reimburse you. This is not much different than when you would go to a copyshop, those easily charge 10-30c per page, with your own printer you can probably get it around 5-10c per page, including paper, toner, drum, and amortization. The advantage is that when you do use the printer for other purposes, you wont get into any problems with who owns the printer or deductions.


The 3 options under consultation still looks pretty cheap. I know revolut give you 200 a month free (1.5% after that) but all debit transactions are still free.  So you should still be able to pay with the card without any charges.


It depends on the relationship you have with the person.  Let's say you're referring your client to him. What if he fails to provide the promised IT consultation service? It would bring in bad reputation to your business as well, right? First of all, you should keenly look into his portfolio and the reputation he has been holding in his work field. If he's a good profile that matches with your clients' project, I have no objection for partnering up with him.  Being the co-founder of a digital marketing agency, I have partnered up with the fellow agencies and it worked well in between both parties.  If you have more questions, feel free to ask.


So you don't have any trouble with FedGov dictating *national* labor and union-relation laws, and throwing out the differences between various states? Because *that's* the reason this administration is acting in this manner, it has very little to do with franchises; the end result is national dictatorship of wages, hours, and unions by the executive branch.  As the article says; if this policy is really what's necessary, why doesn't *Congress* implement it?


Yes, because most were holding it from 50-300 dollars cost pre-split, giving them a very healthy dividend yield today.  The question is upside if you buy today, not upside from 5 years ago.  I bought it at 300 too, but today other stocks are making me money...


Depends how you're doing the math.  The actual damage done so far is zero or near zero.  You're valuing potential damage.  If your concern is fixing the error then the damage wouldn't be monetary - it'd be credit repair in the case of a problem.


Basically, diversifying narrows the spread of possible results, raising  the center of the returns bell-curve by reducing the likelihood of extreme results at either the high or low end.  It's largely a matter of basic statistics. Bet double-or-nothing on a single coin flip, and those are the only possible results, and your odds of a disaster (losing most or all of the money) are 50%. Bet half of it on each of two coin flips, and your odds of losing are reduced to 25% at the cost of reducing your odds of winning to 25%, with 50% odds that you retain your money and can try the game again. Three coins divides the space further; the extremes are reduced to 12.5% each, with the middle being most likely. If that was all there was, this would be a zero-sum game and pure gambling. But the stock market is actually positive-sum, since companies are delivering part of their profits to their stockholder owners. This moves the center of the bell curve up a bit from break-even, historically to about +8%. This is why index funds produce a profit with very little active decision; they treat the variation as mostly random (which seems to work statistically) and just try to capture average results of a (hopefully) slightly above-average bucket of stocks and/or bonds. This approach is boring. It will never double your money overnight. On the other hand, it will never wipe you out overnight. If you have patience and are willing to let compound interest work for you, and trust that most market swings regress to the mean in the long run, it quietly builds your savings while not driving you crazy worrying about it. If all you are looking for is better return than the banks, and you have a reasonable amount of time before you need to pull the funds out, it's one of the more reliably predictable risk/reward trade-off points. You may want to refine this by biasing the mix of what you're holding. The simplest adjustment is how much you keep in each of several major investment categories. Large cap stocks, small cap stocks, bonds, and real estate (in the form of REITs) each have different baseline risk/return curves, and move in different ways in response to news, so maintaining a selected ratio between these buckets and adding the resulting curves together is one simple way to make fairly predictable adjustments to the width (and centerline) of the total bell curve. If you think you can do better than this, go for it. But index funds have been outperforming professionally managed funds (after the management fees are accounted for), and unless you are interested in spending a lot of time researching and playing with your money the odds of your doing much better aren't great unless you're willing to risk doing much worse. For me, boring is good. I want my savings to work for me rather than the other way around, and I don't consider the market at all interesting as a game. Others will feel differently.


"Basically, a 401(k) can have what is called a ""loan"", but is more properly a ""structured withdrawal and repayment agreement"". This allows you to access your nest egg to pay for unforeseen expenses, without having to actually cash it out and pay the 10% penalty plus taxes. You can get up to half of your current savings, with an absolute cap of $50k, minus the balance of any other loan outstanding. While there is a balance outstanding, you must make regular scheduled payments. The agreement does include an interest rate, but basically that interest money goes into your account. The downside of a 401(k) loan is the inflexibility; you must pay the scheduled amount, and you also have to keep the job for which you're paying into the 401(k); if you quit or are fired, the balance of the loan must usually be paid in 60 days, or else the financial institution will consider the unpaid balance a ""withdrawal"" and notify the IRS to that effect. Now, with a Roth account, it works a little differently. Basically, contributions to any Roth account (IRA or 401(k)) are post-tax. But, that means the money's now yours; there is no penalty or additional taxes levied on any amount you cash out. So, a loan basically just provides structure; you withdraw, then pay back under structured terms. But, if you need a little cash for a good reason, it's usually better just to cash out some of the principal of a Roth account and then be disciplined enough to pay back into it."


You do realize there is such a thing as equilibrum price which is what the market tend to however a single private individual can set any price on anything (that doesn't mean it sells though)  Believe it or not overproduction of electricity is a problem, power lines get clogged, when that happens they need to turn the costs down to negative so people consume it instead of it damaging infrastructure, hence negative cost, because at that moment people wish there were less solar panels, not more.  Also, my comments were basically a joke, I don't know how you didn't realize that lol


Okay, so you give the subsidy to the person buying the solar panel, who would then give that subsidy to the company selling the solar panel.  Isn't that effectively exactly the same as giving the subsidy directly to the company selling the solar panel?  Both would result in exactly the same cost for the consumer, and same profit for the company.


None of those are sources or studies.  Those are all opinion pieces.  Not a single one links to a study supporting the claims within.    Also you didn't bitch slap anyone, you just repeated unsupported claims.  I swear it's like you can't read.