"No you don't have to be super-rich.  But... the companies do not have to sell you shares, and as others mention the government actively restricts and regulates the advertising and sales of shares, so how do you invest?  The easiest way to obtain a stake is to work at a pre-IPO company, preferably at a high level (e.g. Director/VP of under water basket weaving, or whatever).    You might be offered shares or options as part of a compensation package.  There are exemptions to the accredited investor rule for employees and a general exemption for a small number of unsolicited investors.  Also, the accredited investor rule is enforced against companies, not investors, and the trend is for investors to self-certify. The ""crime"" being defined is not investing in things the government thinks are too risky for you.  Instead, the ""crime"" being defined is offering shares to the public in a small business that is probably going to fail and might even be a scam from the beginning.   To invest your money in pre-IPO shares is on average a losing adventure, and it is easy to become irrationally optimistic.  The problem with these shares is that you can't sell them, and may not be able to sell them immediately when the company does have an IPO on NASDAQ or another market.  Even the executive options can have lock up clauses and it may be that only the founders and a few early investors make money."


You don't need to keep receipts for most things, and if you are not going to itemize your deductions (which as a college student, you probably won't), you need even fewer.  Things that you should always keep: If you are itemizing your deductions, you want to keep receipts for anything that you can itemize.  Some common things are: Another thing that you should do, but few people do, is keep track of your online purchases, since many states require you to pay sales tax on those purchases.  Of course, the state has no way of knowing what you buy online, so it is all done on the honor system.


"VNQ only holds ~16% residential REITs. The rest are industrial, office, retail (e.g. shopping malls), specialized (hotels perhaps?) etc.  Thus, VNQ isn't as correlated towards housing as you might have assumed just based on it being about ""real estate."" Second of all, if by ""housing"" you mean that actual houses have gone up appreciably, then you ought to realize that residential REITs seldom hold actual houses. The residential units held tend primarily to be rental apartments. There is a relationship in prices, but not direct."


Well as a 3.2 GPA student who ended up landing a trading job I think your statement is pretty narrow-minded. The good thing about trading is that they care about much more than your GPA. I was smart, and a fast learner but I just didn't care for school as much.


NASDAQ provides a very good IPO calendar as well for US listings.


Pay the 401(k) loan back as soon as possible.  To be clear, the money from your 401(k) loan is no longer invested and working for you. It doesn't make sense to pull money out of your 401(k) investments and then invest it in something else. If you want to invest for retirement, pay back the loan and invest that money inside your 401(k).  If you leave your job, the 401(k) loan needs to be paid back in full, or else taxes and penalties will apply. If you have put the funds in an IRA, they won't be available to you should you need to pay back the loan early.  Instead of making a monthly payment to the 401(k) loan, pay off the loan and then make a monthly investment to an IRA.


I would imagine that it goes beyond purpose and also addresses the demographic as a poor credit risk. Those seeking a post secondary education are a poor credit risk.  They are at the beginning of their careers so tend to have low income, a short credit history, and a very short time of managing money on their own.  Also many don't know how to work.  This later fact, to me, is a great predictor of financial success. Reading into the financial data surrounding student loans, it pretty easy to see that this demographic makes poor money decisions.  I live near a state university.  A large percentage of students drive late model luxury cars, frequent expensive bars and restaurants, and wear pretty nice clothes.  They also graduate with, on average 60K in student loans.  Keep in mind a 4 year degree could be had for about 30K and could be paid for working a part time job.  And that, to me, is the wisdom in bank's decision.  Sure they will loan you all the money you want with a government guarantee.  However, once that disappears they will not you money for unnecessary purposes.


The faster it dies, the fewer morons will be scammed by this pay-day-loan scam. But it's worse than a payday loan scam, because Uber drivers are stealing money from their future selves, *and paying 25% of it to Uber - and they have to work to do it.*


">it will likely be a list of telecoms industry wishes that the FCC will use its power to push through local government  So the whole article is lame biased garbage projecting what things ""will likely be"" based on nothing but sky is falling nonsense.  How dare the FCC ask actual companies how companies and cities can work to together! 'Companies are der enemy!'"


First off, you **must** get windows. Seriously. Get out of MacLand, it sucks anyways.  1. I'd recommend at least 4GB, preferably 8GB RAM.   2. No.   Also, get a dedicated graphics card and a decent processor IF you are going to be doing any sort of programming or monte carlo work. Otherwise, run-of-the-mill stuff should be fine.


No, no he's not.  If he had said *Liberal Arts* is for suckers, he'd have a point.    Your best bet at remaining in the middle class and being in a position to help your kids remain in the middle class is a college education in a field that will be useful to the economy in the long term.  Certain specific trades can be a proper substitute in an income sense, however there are long-term consequences like chronic exposure to toxins and physical degeneration that cannot be avoided in most trades.


Oh come on, these businessmen are just being held for questioning. Is this method extra-judicial? Yes. But it's far from disappearance. You can still talk to your family, attend board meetings via phone, and sign legal documents.


It appears that hashes starting with 00000 are password already 'reversed' (I don't know the correct word for it).  So if you want to test if your password is in the file, you'll have to look for your original hash and 00000restofyouroriginalhash  Example for 'linkedin':  * 7728240c80b6bfd450849405e8500d6d207783b6 is not present * 0000040c80b6bfd450849405e8500d6d207783b6 is present  Python script to do it quickly if you are interested :      from hashlib import sha1     def check_pass(plaintext, offset=5):         hashed = sha1(plaintext).hexdigest()         return (hashed, '0' * offset + hashed[offset:])


"There are firms that let you do this. I believe that Saxo Bank is one such firm (note that I'm not endorsing the company at all, and have no experience with it) Keep in mind that the reason that these currencies are ""exotic"" is because the markets for trading are small. Small markets are generally really bad for retail/non-professional investors.  (Also note: I'm not trying to insult Brazil or Thailand, which are major economies. In this context, I'm specifically concerned with currency trading volume.)"


"I'm assuming the question is about how to compare two ETFs that track the same index. I'd look at (for ETFs -- ignoring index funds): So, for example you might compare SPY vs IVV: SPY has about 100x the volume. Sure, IVV has 2M shares trading, so it is liquid ""enough"". But the bigger volume on SPY might matter to you if you use options: open interest is as much as 1000x more on SPY. Even if you have no interest in options, the spreads on SPY are probably going to be slightly smaller. They both have 0.09% expense ratios. When I looked on 2010-9-6, SPY was trading at a slight discount, IVV was at a slight premium. Looking for any sort of trend is left as an exercise to the reader... Grab the prospectus for each to examine the rules they set for fund makeup. Both come from well-known issuers and have a decent history. (Rather than crazy Uncle Ed's pawn shop, or the Central Bank of Stilumunistan.) So unless you find something in the SPY prospectus that makes you queasy, the higher volume and equal expense ratios would seem to suggest it over IVV. The fact that it is at a (tiny) discount right now is a (tiny) bonus."


It's a scam because MLM schemes are the closest thing you find to a Ponzi scheme you will fine that is still legal. Selling the stuff is never the way to make money. You make the real money by getting others to join because you get a signing bonus and a percentage of their sales, and a percentage of the sales the people they sign up.   So you only make money by getting as many people trying to sell the thing you are trying to sell which makes it impossible to sell because there are now lots of people trying to see the thing you are selling.   So yes, there are risks to all business but MLM is like playing Russian roulette with 6 bullets in the gun and hoping it jams realising that a revolver almost never jams.  But that is just my ill-informed opinion.


"In 2014 the IRS announced that it published guidance in Notice 2014-21. In that notice, the answer to the first question describes the general tax treatment of virtual currency: For federal tax purposes, virtual currency is treated as property. General tax principles applicable to property transactions apply to transactions using virtual currency. As it's property like any other, capital gains if and when you sell are taxed. But there's nothing illegal or nefarious about it, and while you might get some odd questions if a large deposit ends up in your bank account, as long as you answer them there really isn't a problem. If you don't have documentation of how much you paid for it, if it's a trivial amount compared to what it's worth now you can just declare $0 as your basis. I would suggest you try to have documentation that you've held it at least one year so that it's a long-term capital gain, but you can just mark the purchase date as ""Various"" on your tax form. I've done this (for a much smaller amount of bitcoins, alas) and haven't run into any trouble. While there are some good reasons to sell slowly, as others are saying, I want to play devil's advocate for a minute and give you a reason to sell quickly: A decision to hold is equivalent to a decision to buy. That is, if a million dollars randomly ended up in your bank account for no reason, you probably wouldn't choose to go put it all into bitcoin, and then slowly sell it. Yet that's more-or-less an equivalent financial situation to holding on to the bitcoin and slowly selling it. While there are certainly tax advantages to selling over the course of many years, bitcoin is one of the most volatile commodities out there, and one has no idea what will happen over the next few weeks, let alone the next few years. It may go to tens of thousands of dollars a coin, or it may go to basically zero. If I had a million dollars in my pocket, bitcoin isn't how I'd choose to store it all. Just something to think about; obviously you need to make the best choice for you for yourself."


You could setup a Ally account to use solely for this. There is no minimum, no opening balance requirement, and you can do up to 6 transfers a month for free.  This would partition your money from other accounts, while giving you the flexibility to move it to other accounts with ease.


Unsecured loan is any loan that you don't provide an asset as a collateral for. Auto loans are usually secured - by the auto. If you don't pay off the car, it will be repossessed. Credit cards are a good example, personal/business loans are also usually unsecured, and you've pretty much covered it. Majority of loans, especially for large amounts, are usually given for a specific purpose (usually purchase of a large asset) and are secured.


This question is indeed rather complicated. Let's simplify it a little bit. Paying down your mortgage makes sense if your expected return in the rest of your portfolio is less than the cost of the mortgage. In many cases, people may also decide to pay down their mortgage because they are risk-averse and do not like carrying debt. There's no tax benefit to doing so, though; Canada doesn't generally allow you to write off mortgage interest, unlike the U.S. As to keeping money in the corporation or not, I'm not going to address that. I don't have a firm enough understanding of corporate taxation. Canadian Couch Potato advises treating all of your investment assets as one large portfolio. That is what you are trying to do here. However, let's consider a different approach. If you do not have enough money to max out your RRSP or TFSA, you may choose to keep your TFSA for an emergency fund, where the money is kept highly liquid. Keep your cash in an interest-bearing TFSA, or perhaps invest it in the money market, inside your TFSA. Then, use your RRSP for the rest of your investment money, split according to your investment goals. This is not the most tax-efficient approach, but it is nice and simple. But you are looking for the most tax-efficient approach. So, let's assume you have enough to more than max out your TFSA and RRSP contributions, and all of your investments are going toward your retirement, which is at least a decade away. Because you are not taxed on your investment income from RRSPs (until you withdraw the money) or TFSA, it makes sense to hold the least tax-efficient investments there. Tax-advantaged investments such as Canadian equities should be held in your investment accounts outside of TFSA and RRSPs. Again, the Canadian Couch Potato has a great article on where to put your investment assets. That article covers interest, dividends, foreign dividends, and capital gains, as well as RRSPs, RESPs, and TFSAs. That article recommends holding Canadian equities in a taxable account, REITs in a tax-sheltered account (TFSA or RRSP), bonds, GICs, and money-market funds in a tax-sheltered account (as these count as interest). The article goes into rather more detail than this, and is worth checking out. It mentions the 15% withholding tax on US-listed ETFs, for example. In addition to that website, I recommend the following three books: The above three resources strongly advocate passive indexed investments, which I like but not everyone agrees with. All three specifically discuss tax implications, which is why I include them here.


You seem to be deviating from your original point?  Energy is built into consumer products, for the most part the transportation portion to market of it is negligible, the plastics cost is virtually nothing today, so I'm not sure the point you're driving at.  Your first point seemed to be that reducing energy costs would be a direct benefit to the average civilian, which despite the fact that consumerism is somewhat rampant in the USA it's pretty clear that if people cannot afford to buy consumer items they pull back and focus only on the necessities.  So I'm not sure what your point is?  Or how you arrived to it?  Or if you're just trying to support your original statement rather than accepting that maybe it was in error?    You stated that cheaper energy will help to solve income inequality.  You've given some reasons, but I don't think any of them really support your statement.  Income inequality will not be solved by consumers being able to buy cheaper goods, you cannot infinitely reduce the price of goods until it matches the poorest's wages, that doesn't solve the problem but rather just pronounces it further.  The goods are now cheaper for the super-rich, who are now considered wealthier.


"The difference is in the interrelation between the varied investments you make. Hedging is about specifically offsetting a possible loss in an investment by making another related investment that will increase in value for the same reasons that the original investment would lose value. Gold, for instance, is often regarded as the ultimate hedge. Its value is typically inversely correlated to the rest of the market as a whole, because its status as a material, durable store of value makes it a preferred ""safe haven"" to move money into in times of economic downturn, when stock prices, bond yields and similar investments are losing value. That specific behavior makes investing in gold alongside stocks and bonds a ""hedge""; the increase in value of gold as stock prices and bond yields fall limits losses in those other areas. Investment of cash in gold is also specifically a hedge against currency inflation; paper money, account balances, and even debt instruments like bonds and CDs can lose real value over time in a ""hot"" economy where there's more money than things to buy with it. By keeping a store of value in something other than currency, the price of that good will rise as the currencies used to buy it decrease in real value, maintaining your level of real wealth. Other hedges are more localized. One might, for example, trade oil futures as a hedge on a position in transportation stocks; when oil prices rise, trucking and airline companies suffer in the short term as their margins get squeezed due to fuel costs. Currency futures are another popular hedge; a company in international business will often trade options on the currencies of the companies it does business in, to limit the ""jitters"" seen in the FOREX spot market caused by speculation and other transient changes in market demand. Diversification, by contrast, is about choosing multiple unrelated investments, the idea being to limit losses due to a localized change in the market. Companies' stocks gain and lose value every day, and those companies can also go out of business without bringing the entire economy to its knees. By spreading your wealth among investments in multiple industries and companies of various sizes and global locations, you insulate yourself against the risk that any one of them will fail.  If, tomorrow, Kroger grocery stores went bankrupt and shuttered all its stores, people in the regions it serves might be inconvenienced, but the market as a whole will move on. You, however, would have lost everything if you'd bet your retirement on that one stock. Nobody does that in the real world; instead, you put some of your money in Kroger, some in Microsoft, some in Home Depot, some in ALCOA, some in PG&E, etc etc. By investing in stocks that would be more or less unaffected by a downturn in another, if Kroger went bankrupt tomorrow you would still have, say, 95% of your investment next egg still alive, well and continuing to pay you dividends. The flip side is that if tomorrow, Kroger announced an exclusive deal with the Girl Scouts to sell their cookies, making them the only place in the country you can get them, you would miss out on the full possible amount of gains you'd get from the price spike if you had bet everything on Kroger.  Hindsight's always 20/20; I could have spent some beer money to buy Bitcoins when they were changing hands for pennies apiece, and I'd be a multi-millionaire right now. You can't think that way when investing, because it's ""survivor bias""; you see the successes topping the index charts, not the failures. You could just as easily have invested in any of the hundreds of Internet startups that don't last a year."


begin having them take community college courses while they are still in high school - this should be a better use of time than AP courses. if they continue and get an associates degree the credits should be transferrable anywhere take the associates degree to a state school and have them finish just their two years (4 semesters) at the state school. that should be an non-stressful and affordable approach that will give them a time/age-based advantage over their peers. so instead of playing with financial aid and retirement plan rules, this sort of goal can help you save, without creating inconsequential and unnecessary expectations for yourself or your family


I agree with everything you're saying, except:  >If your business model can't stand on its own and needs someone to ban another business model your business model is outdated or bad.  It's not their business model.  It's the uneven application of regulations.  Uber is well known for skirting the laws.  If they got all the inspections required, met all laws and regulations, etc. then likely pricing would be a lot closer between the two products.


The dynamics of land value tax are oppressive. It's up to the owner if they want to make the maximum money from land. The tax is telling you what you must do with the land. It also sets the authorities up as infallible. Banks get earning potential wrong all the time. There is also the assumption that if you have land that you have wealth. That's not true. Many peoples land or house is their wealth. Money they can only access if they make themselves homeless. or move to a cheaper neighbourhood, and then we're back to gentrification and ethnically cleansing the poor from high value areas.


"Free Cash Flow (FCF) is not a metric/data point which represents any ACTUAL cash flow of a company. FCF is a data point which communicates how much cash a company has after Operating cash requirements and cash expenditures ""required"" to grow and maintain the existing business. FCF can be used to pay dividends, buy back stock, purchase companies, et cetera.  None of which are REQUIRED to run the business."


The problem is that the person made sweeping generalizations based on demeaning stereotypes with absolutely no data to support them other than his inherently sexist hypothetical. You parroted his hypothetical again without providing any support beyond your own biased assumption thereby demonstrating your own prejudice.


>All of the most successful people I know work more than they need to  Interesting.  The most successful people I know work less because they created passive income streams.    Who is more successful? The guy who works 70 hours per week for 100k or the guy who writes a few financial blog posts a week and brings in 100k?


You're still confused. The first guy in the thread said  > All sounds nice for consumers, but you're not mentioning the biggest drawback- the tight stranglehold on supply the taxi industry keeps.  You then said  > That stranglehold is because of the small margins in the business.  Then I said  > So medallions are limited (in some cities) because margins are small? That doesn't make much sense.  Then you said  > Other way around.  So, your claim is that the taxi industry keeps a tight strangehold on supply because there are small margins in the business. Then, you say that margins are small because medallions are limited. That is a circular argument.


Advantages of buying: With every mortgage payment you build equity, while with rent, once you sign the check the money is gone. Eventually you will own the house and can live there for free. You can redecorate or remodel to your own liking, rather than being stuck with what the landlord decides is attractive, cost-effective, etc. Here in the U.S. there are tax breaks for homeowners. I'm not sure if that's true in U.K. Advantages of renting: If you decide to move, you may be stuck paying out a lease, but the financial penalty is small. With a house, you may find it difficult to sell. You may be stuck accepting a big loss or having to pay a mortgage on the empty house while you are also paying for your new place. When there are maintenance issues, you call the landlord and it's up to him to fix it. You don't have to come up with the money to pay for repairs. You usually have less maintenance work to do: with a house you have to mow the lawn, clear snow from the driveway, etc. With a rental, usually the landlord does that for you. (Not always, depends on type of rental, but.) You can often buy a house for less than it would cost to rent an equivalent property, but this can be misleading. When you buy, you have to pay property taxes and pay for maintenance; when you rent, these things are included in the rent. How expensive a house you can afford to buy is not a question that can be answered objectively. Banks have formulas that limit how much they will loan you, but in my experience that's always been a rather high upper bound, much more than I would actually be comfortable borrowing. The biggest issue really is, How important is it to you to have a nice house? If your life-long dream is to have a big, luxurious, expensive house, then maybe it's worth it to you to pour every spare penny you have into the mortgage. Other people might prefer to spend less on their house so that they have spare cash for a nice car, concert tickets, video games, cocaine, whatever. Bear in mind that if you get a mortgage that you can just barely afford, what do you do if something goes wrong and you can't afford it any more? What if you lose your job and have to take a lower-paying job? What if some disaster strikes and you have some other huge expense? Etc. On the flip side, the burden of a mortgage usually goes down over time. Most people find that their incomes go up over time, between inflation and growing experience. But the amount of a mortgage is fixed, or if it varies it varies with interest rates, probably bouncing up and down rather than going steadily up like inflation. So it's likely -- not at all certain, but likely -- that if you can just barely afford the payment now, that in 5 or 10 years it won't be as big a burden.


If your gripe is with government fund allocation, that's a completely different conversation we can have. But don't come in here defending corporations for shitty business practices and poor treatment of employees. I'm much less concerned with what the government does with the money, than I am with the fact that a system of checks and balances exists to try and prevent corporations from acting like a bunch of cunts.


"He got an applause break at the republican convention for saying ""I am gay, and I am a republican.""  I cannot imagine, in the year of Berniemania, an applause break for saying ""I support lower corporate tax rates, and I am a democrat"" at the democratic convention.  Though I guess stranger things have happened."


"Good. Wendy's deserves it. They've upped their game substantially since the ""chili incident"" and the deliciousness/quality:price ratio cannot be beat! I do not work for Wendy's, just eat a ton of their baked potatoes and jr. bacon chz burgers."


If you received shares as part of a bonus you needed to pay income tax on the dollar valuse of those shares at the time you received them. This income tax is based on the dollar value of the bonus and has nothing to do with the shares. If you have since sold these shares you will need to report any capital gain or loss you made from their dollar value when you received them. If you made a gain you would need to pay capital gains tax on the profits (if you held them for more than a year you would get a discount on the capital gains tax you have to pay). If you made a loss you can use that capital loss to reduce any other capital gains in that income year, reduce any other income up to $3000 per year, or carry any additional capital loss forward to future income years to reduce any gains or income (up to $3000 per year) you do have in the future.


"Darling, I was an adjunct professor in a university.   With ""no child left behind"", people who can barely read finish high school and I, as a professor in the university, was told I cannot fail anyone of them in my classes.  High school requirements and even Bachelor degrees became a joke and totally worthless degrees.  And the more people get ""bachelor degree"" the less benefit and value those degrees will have.  **Not long time ago, to be a teller in Bank, you did not need to finish high school. Just be good with basic math and organized. Today, you need a bachelor degree. Why? Why not? Too many people with worthless degrees, so why not require it as part of the job?**"


I wouldn't celebrate just yet. While Fox News has declined in ad pricing, it's still far higher than MSNBC.  Channel | Program | 30-second spot Price ---|---|--- Fox News | Tucker | $12,200 Fox News | Hannity | $8,500 MSNBC | Maddow | $4,600 MSNBC | O'Donnell | $3,700 MSNBC | Chris Hayes | $3,300  Source: https://www.huffingtonpost.com/entry/foxnews-revenues-down-17_us_59f2ab68e4b03cd20b80aa61


Couple quick ?s to help understand your situation a bit better. Are you currently in school and if so grad or undergrad? Undergrad opens up a whole different world of formal recruiting than you would get otherwise. It sounds like you already graduated, if so, how many years out are you? Further out, the much harder it's going to be without going back to get an MBA or MSF. Your other option is being in the top 1-5% of your career, but like has been said, you still can't get into financial consulting. IT do companies like PWC, BoozAllen, Capgemini, Cognizant and Accenture would be better.   If you're more than 5 years out of undergrad without an MBA, it is going to be EXTREMELY difficult I break in, no less with the firms you mentioned. McKinsey is a lot like Goldman, in some cases the acceptance  rate from recruiting can be more difficult than Harvard. You're going up against extremely intelligent, hard working individuals who are trained in strategy consulting through degrees. Be prepared for this and no matter what you're doing, networking is going to be key to getting in so start now. People you meet at these companies can help you more with that.   Also, what in particular excites you about consulting? Also, what kind of consulting (ie biz dev, strategy, financial, IT, due diligence, govt, etc.). You need to understand that before doing a search. There are major differences between each of them.   Not trying to he a debbie downer, just a realist. If say, for example, I did a basic programming course and really enjoyed it, I wouldn't immediately apply to Google, and Google would expect me to be formally trained by more than just reading programming books. It's not much different with very high end consulting and easily just as competitive as getting into a Google. I hope this helps.   Hopefully with a reply I can help a little more! Not saying it can't be done, just difficult depending on where you are in your career path.


This is from Google Finance right now.


Rescuing the private banks has made very little difference. None of the countries in real trouble have large banking sectors. The majority of the problems has stemmed from the totally ridiculous public spending. Greece has a hilarious history of over spending. For example, their civil servants used to be paid for 14 months of the year. They also have comedy tax collection. According to there tax office there is only 324 swimming pools in the entire place..... a quick count on satellite reveals 1000s.  Some data is here: http://www.nytimes.com/2010/05/02/world/europe/02evasion.html?pagewanted=all&_r=0  In reality many nations werent ready for the euro in the first place.   But to be clear, blaming the banks is like blaming a snowball for the sinking of the titanic. The numbers aren't even in the same league.


"What I would do, in this order: Get your taxes in order. Don't worry about fancy tricks to screw the tax man over; you've already admitted that you're literally making more money than you know what to do with, and a lot of that is supported, one way or another, by infrastructure that's supported by tax money.  Besides, your first priority is to establish basic security for yourself and your family.  Making sure you won't be subjected to stressful audits is an important part of that! Pay off any and all outstanding debts you may have.  This establishes a certain baseline standard of living for you: no matter what unexpected tragedies may come up, at least you won't have to deal with them while also keeping the wolves at bay at the same time! Max out a checking account. I believe the FDIC maximum insured value is $250,000.  Fill 'er up, get a debit card, and just sit on it.  This is a rainy day fund, highly liquid and immediately usable in case you lose your income. Put at least half of it into an IRA or other safe investments.  Bonds and reliable dividend-paying stocks are strongly preferred: having money is good but having income is much better, especially in retirement! Quality of life.  Splurge a little.  (Emphasis on a little!)  Look around your life. There are a few things that it would be nice if you just had, but you've never gotten around to getting.  Pick up a few of them, but don't go overboard.  Spending too much too quickly is a good way to end up with no money and no idea what happened to it.  Also, note that this isn't just for you; family members deserve some love too! Charitable giving.  If you have more money than you know what to do with, there are plenty of people out there who know exactly what to do--try to go on living and build a basic life for themselves--but have no money with which to do so.  Do your research.  Scam charities abound, as do more-or-less legitimate ones who actually do help those in need, but also end up sucking up a surprisingly high percentage of donations for ""administrative costs"".  Try and avoid these and send your money where it will actually do some good in the world. Reinvest in yourself.  You're running a business.  Make sure you have the best tools and training you can afford, now that you can afford more!"


"A financial planner can help with investments, insurance, estate planning, budgeting, retirement planning, saving for college, tax planning/prep, and other money topics. One way to get a sense is to look at this Certified Financial Planner topic list. Another idea is to look at this book (my favorite I've read) which covers roughly a similar topic list in a concise form: http://www.amazon.com/Smart-Simple-Financial-Strategies-People/dp/0743269942 It could not hurt at all to read that before deciding to visit a planner, so you have baseline knowledge. By the way, look for the CFP certification which is a generalist certification. A CFP might also have a deeper cert in certain topics or connect you with someone who does. For example: You really want a generalist (CFP) who may have an additional credential as well. The idea is to holistically look at what you're trying to accomplish and all finance-related areas. Especially because there may be tradeoffs. The CFP would then refer you to or work with lawyers, accountants, etc. Importantly, some advisors are fiduciaries (must act in your interests) and some are not. In particular many stockbrokers are neither qualified planners (no CFP or equivalent) nor are they fiduciaries. Stay away. There are several models for paying a financial planner, including: There's an organization called NAPFA (napfa.org) for fiduciary non-commission-based planners. Membership there is a good thing to look for since it's a third party that defines what fee-only means and requires the no-commissions/fiduciary standard. Finally, the alternative I ended up choosing was to just take the CFP course myself. You can do it online via correspondence course, it costs about the same as 1 year of professional advice. I also took the exam, just to be sure I learned the stuff. This is the ""extreme DIY"" approach but it is cheaper over time and you know you are not going to defraud yourself. You still might do things that are counterproductive and not in your interests, but you know that already probably ;-) Anyway I think it's equivalent to about a quarter's worth of work at a decent college, or so. There are about 6 textbooks to dig through. You won't be an experienced expert at the end, but you'll know a lot. To get an actual CFP cert, you need 3 years experience on top of the courses and the exam - I haven't done that, just the book learning. Someone who puts ""CFP"" after their name will have the 3 years on top of the training. Some editorial: many planners emphasize investing, and many people looking for planners (or books on finance) emphasize investing. This is a big mistake, in my view. Investing is more or less a commodity and you just need someone who won't screw it up, overcharge, and/or lose your money on something idiotic or inappropriate. Some people are in plain-bad and inappropriate investments, don't get me wrong. But once you fix that and just get into anything decent, your biggest planning concerns are probably elsewhere. On investments, I'd look for a planner to just get you out of overpriced annuities and expensive mutual funds you may have been sold (anything you were sold by a salesperson is probably crap). And look for them to help you decide how much to invest, and how much in stocks vs. bonds. Those are the most important investment decisions."


> Baltimore - 50 Years Of Liberal Welfare State Policies  Okay.  > Baltimore has a corrupt, reckless, out of control police department enabled by a crooked and incompetent Baltimore politicians.  So your argument is that Baltimore has a cancerous police department and Democrat controlled city government has not fixed the problem so Democrat social policies are to blame.  Did I miss something?  > Dirving Through Detroit At Night – What 50 Years of Democrat Rule Looks Like  Unless you are going to argue that Democrat policies are responsible for the Chrysler and GM going into Chapter 11 bankruptcy, I think you know this is pointing the finger in the wrong direction.


You're creating more liabilities for yourself in the future, although yes this could definitely be a profitable move for you. However, some small mistakes you made, from what I can see using the tools at Hargreaves Lansdown. The first, is that the government relief would only be 20%, not 60%. The second is that the tax relief goes directly into the SIPP, it's not something you get given back to you in cash. In order for this to be worthwhile, you need to be sure that you can make a post-tax gain of more than 3.4% on this money per year - which should be very feasible. It sounds like you have enough security that you could afford to take this risk.


The f150 has been the top selling vehicle in the United States for geeze, I don't know maybe 20 years? The country runs on F150s. Basically every carpenter, mason' electrician, air conditioning guy, roofer, machinist, construction worker, pipeline inspector, municipal parks employee, horse trainer, and so on, and so on... Every one of these people drive an F150 everyday for work.  then there are a whole bunch of people that drive F150s for fun. They use them to pull their boats, their camper trailers, their motorcycles,...


I am sure when that happens, a lot of local Californians will be happy.  And, I am surprised how people are OK with letting foreign investors come in and manipulate the local economy.  Well....I guess the ones who see their home values double/triple are probably happy about it.


"I'd say your tenant is out $750, not you. How you handle it is totally personal preference.  If you want to be the super-nice landlord and eat the loss this one time, then you might gain some karma and hopefully they'll be awesome tenants for the remainder of their stay. Are they the kind of tenants you want to be nice to because they deserve it?  You (and she) have no way to prove she ever actually tried to pay you. Sound like she is learning a $750 lesson. ""Don't leave cash in a mailbox, and always get a receipt for rent paid."" Your insurance company would likely not pay out as it'd be below a typical deductible and you can't really prove the money ever existed. You'd be better off just taking the loss.  Think about it this way: How would you expect a bank or utility company to respond to this situation? ""Yeah, I left my mortgage as a cash-filled envelope on your doorstep. You didn't get it? I told you I'd do it!"" Guess who's paying double mortgage and a late fee?  You're not stuck with option 1, you're choosing to do it. She could refuse and fight you on it, which might not be worth the headache and potential small-claims court. But you're entitled to receive the rent and she is obligated to pay it. And ""paying it"" means making sure you actually receive it."


If you have been putting savings away for the longer term and have some extra funds which you would like to take some extra risk on - then I say work yourself out a strategy/plan, get yourself educated and go for it. If it is individual shares you are interested then work out if you prefer to use fundamental analysis, technical analysis or some of both. You can use fundamental analysis to help determine which shares to buy, and then use technical analysis to help determine when to get into and out of a position. You say you are prepared to lose $10,000 in order to try to get higher returns. I don't know what percentage this $10,000 is of the capital you intend to use in this kind of investments/trading, but lets assume it is 10% - so your total starting capital would be $100,000. The idea now would be to learn about money management, position sizing and risk management. There are plenty of good books on these subjects. If you set a maximum loss for each position you open of 1% of your capital - i.e $1,000, then you would have to get 10 straight losses in a row to get to your 10% total loss. You do this by setting stop losses on your positions. I'll use an example to explain: Say you are looking at a stock priced at $20 and you get a signal to buy it at that price. You now need to determine a stop price which if the stock goes down to, you can say well I may have been wrong on this occasion, the stock price has gone against me so I need to get out now (I put automatic stop loss conditional orders with my broker). You may determine the stop price based on previous support levels, using a percentage of your buy price or another indicator or method. I tend to use the percentage of buy price - lets say you use 10% - so your stop price would be at $18 (10% below your buy price of $20). So now you can work out your position size (the number of shares to buy). Your maximum loss on the position is $2 per share or 10% of your position in this stock, but it should also be only 1% of your total capital - being 1% of $100,000 = $1,000. You simply divide $1,000 by $2 to get 500 shares to buy.  You then do this with the rest of your positions - with a $100,000 starting capital using a 1% maximum loss per position and a stop loss of 10% you will end up with a maximum of 10 positions. If you use a larger maximum loss per position your position sizes would increase and you would have less positions to open (I would not go higher than 2% maximum loss per position). If you use a larger stop loss percentage then your position sizes would decrease and you would have more positions to open. The larger the stop loss the longer you will potentially be in a position and the smaller the stop loss generally the less time you will be in a position. Also as your total capital increases so will your 1% of total capital, just as it would decrease if your total capital decreases. Using this method you can aim for higher risk/ higher return investments and reduce and manage your risk to a desired level. One other thing to consider, don't let tax determine when you sell an investment. If you are keeping a stock just so you will pay less tax if kept for over 12 months - then you are in real danger of increasing your risk considerably. I would rather pay 50% tax on a 30% return than 25% tax on a 15% return.


Mint.com is a web app with an iPhone (and Android) app. Also, You Need A Budget appears to support all three.


No, it doesn't.  That would be true if somehow incomes were conserved, but they aren't.  What's much more likely is that income growth becomes muted in the first world with the vast majority of income growth happening in developing economies.  So, it doesn't require losing income, but it will mean constrained income growth in developed countries.


> After the NYT drummed up war in Iraq I've been done with that paper. They failed when we needed them the most.  This should really be the #1 comment on this thread. When it comes to important topics like international affairs, they're more of a propaganda rag than a source of serious journalism or analysis. I haven't taken them seriously since 2003, and what I do come across from them now and again on reddit is usually very biased (pro-American government).


Isn’t getting a massage when you are tired, the best thing ever? Massaging is greatly relaxing and is also used to help people get cured of their pain. Attain Health and Fitness is the best place for hypnotherapy in mandurah wa. Our professionals are the best in the business.


Also a good point. I think that happens, but given the amount of work available here (bay area) it would still be easier to find another job after layoffs. Also considering the increase in average CEO /executive age in the last 40 years, and the increasing retirement age -higher leveled inside promotions are becoming less frequent. But as to the original comment, years ago he did the cost benefit analysis and chose to stay - seems as valid for me to be doing the same (albeit different conclusion).


More possible considerations: Comparability with other properties.  Maybe properties that rent for $972 have more amenities than this one (parking, laundry, yard, etc) or are in better repair.  Or maybe the $972 property is a block closer to campus and thus commands 30% higher rent (that can happen).  Condition of property.  You know nothing about this until you see it.  It could be in such bad shape that you can't legally rent it until you spend a lot of money fixing it.  Or it may just be run down or outdated: still inhabitable but not as attractive to renters, leading to lower rent and/or longer vacancy periods.  Do you accept that, or spend a lot of money to renovate? Collecting the rent.  Tenants don't necessarily always pay their rent on time, or at all.  If a tenant quits paying, you incur significant expenses to evict them and then find a new tenant, and all the while, you collect no rent. There could be a tenant in place paying a much lower rent.  Rent control or a long lease may prevent you from raising it.  If you are able to raise it, and the tenant doesn't want to pay, see above. Maintenance and more maintenance.  College students could be hard on the property; one good kegger could easily cause more damage than their security deposits will cover. Being near a university doesn't guarantee you an easy time renting it.  It suggests the demand is high, but maybe the supply is even higher.  Renting to college students has additional issues.  They are less likely to have incomes large enough to satisfy you that they can pay the rent.  Are you willing to deal with cosigners?  If a student quits paying, are you willing to try to collect from their cosigning parents in another state?  And you'll probably have many tenants (roommates) living in the house.  They will come and go separately and unexpectedly, complicating your leasing arrangements.  And you may well get drawn in to disputes between them.


"So it seems like a lot of people here aren't exactly sure about why this works and its financial implications.   So what you are referring to is in Finance something called Funds Transfer Pricing or FTP (often referred to as just Transfer Pricing). Like anything else, FTP has its place. Most companies; however, don't use it properly. FTP, theoretically, has one primary purpose (although it's developed a second): to properly allocate opportunity costs across divisions.  Let's say Company A produces widgets. They sell these widgets for $200 at a TOTAL COST of $150 and book profits of $50. Now to produce the widget Division 1 makes a computer chip at a cost of $50 that it then ""sells"" to Division 2 for $60. Division 1 then books a profit of $10. Division 2 then makes some plastic stuff and assembles the device. This is labor intensive so Division 2's costs are $100. Company A sells the completed device for $150. Division 2 subsequently books profits of $40, and appears much more profitable than Division 1, on the surface.  The problem arises when Division 1 could sell the chip to the open market for $125. Now it costs them $50 to produce, and they could make a theoretical profit of $75. This is MORE than the company makes AS A WHOLE on the entire device. By having Division 2 pay effectively ""fair market price"" for that chip, you realize that Division 2 is really operating at a loss (the *opportunity cost* of not selling the chip to market is greater than producing the completed device). Company A would be better off getting rid of Division 2 and solely focusing on Division 1. In a good FTP system, Division 2 would pay the fair market price of $125. If done properly, management would  hopefully realize it should divest Division 2.  That's the ***fundamental premise*** behind FTP. In actuality things get much more complicated because of economics, the company itself, branding, IT, operations, management, PPE, labor laws, etc. Thats why most companies screw it up. All that other stuff falls under whats called cost allocation accounting. It gets VERY complex and entire masters courses are dedicated to it (different methods, etc.)   The other thing you can do with FTP is get crazy tax breaks due to various tax laws. The simplified explanation is that divisions pay taxes on profits to the government ***that division*** is located in (this works on the state level, too btw.). GE does a lot of this and it's a big part of why they pay almost no-taxes. Again, it gets more complicated when you involve audits as there's some grey area legally.   For simplicity, assume tax rates are 40% in the US and 10% in India. So let's say GE makes an airplane engine in the US but ""finishes"" manufacturing in India. These specific engines costs $5,000,000 for the US division to make, up to a certain point.  The US division can then sell the engine at a break even to India. So India ""pays"" $5,000,000 for the engine. The US division then books no profit. India finishes the manufacturing with additional costs of $1,000,000. The India division then sells the engine to the open market for $9,000,000 . Therefore, the India division books a profit of $3,000,000 and pays taxes of $300,000. Now GE as a whole makes a profit of $3,000,000 less taxes of $300,000 = net profit of $2,700,00.  Further, let's say the fair market value of the engine, as is, when the US sells to India is $7,000,000. That would mean US ***should*** book profits of $2,000,000 and India ***should*** book profits of $1,000,000. Total taxes by GE are now $800,000 (US) + $100,000 (India) = $900,000. However, what's important is that NET PROFIT is now $2,100,000. ***GE just saved $600,000 in taxes by doing this***. The beauty of this is, divisions are supposed to charge fair market value for products FTP'd internationally; however, it's REALLY hard for the IRS to say what the value of an unfinished product really is (heck, you could be offering bulk discounts, etc.)...  The fact is, often, US divisions have skilled labor that is difficult to replicate elsewhere. They just show US divisions operating at losses to make the company as a whole better. The problem, again, arises when top management don't fully appreciate or understand the reasoning behind this stuff. They end up making cuts to US labor because it's ""unprofitable"" without thinking about the entire story.   I know this is very long winded but hope it helps!  ***tldr; companies FTP to recognizes profitability and opportunity costs of divisions as well as use it for overseas tax breaks.***  Side note: Politically speaking, people who know how this works are pissed off about it in the U.S. (don't worry though, most politicians on both sides don't have a clue). We have high corporate tax rates relative to other countries and IRS loopholes allow this kind of thing (lobbying $$). It's also why, economically, you can't just raise ***corporate*** tax rates to increase domestic tax reciepts as more companies will just implement this process (it's complicated to do properly). Also, please don't say 50 years ago tax rates were higher and raising taxes increased receipts. The fact is most companies couldn't even FATHOM doing this 50 years ago, no less even 20.  edit: some clarification in wording"


"Many individual states, counties, and cities have their own income taxes, payroll taxes, sales taxes, property taxes, etc., you will need to consult your state and local government websites for information about additional taxes that apply based on your locale. Wages, Salaries, Tips, Cash bonuses and other taxable employee pay, Strike benefits, Long-term disability, Earnings from self employment Earned income is subject to payroll taxes such as: Earned income is also subject to income taxes which are progressively higher depending on the amount earned minus tax credits, exemptions, and/or deductions depending on how you file. There are 7 tax rates that get progressively larger as your income rises but only applies to the income in each bracket. 10% for the first 18,650 (2017) through 39.6% for any income above 470,700. The full list of rates is in the above linked article about payroll taxes. Earned income is required for contributions to an IRA. You cannot contribute more to an IRA than you have earned in a given year. Interest, Ordinary Dividends, Short-term Capital Gains, Retirement income (pensions, distributions from tax deferred accounts, social security), Unemployment benefits, Worker's Compensation, Alimony/Child support, Income earned while in prison, Non-taxable military pay, most rental income, and S-Corp passthrough income Ordinary income is taxed the same as earned income with the exception that social security taxes do not apply. This is the ""pure taxable income"" referred to in the other linked question. Dividends paid by US Corporations and qualified foreign corporations to stock-holders (that are held for a certain period of time before the dividend is paid) are taxed at the Long-term Capital Gains rate explained below. Ordinary dividends like the interest earned in your bank account are included with ordinary income.  Stocks, Bonds, Real estate, Carried interest -- Held for more than a year Income from assets that increase in value while being held for over a year. Long term capital gains justified by the idea that they encourage people to hold stock and make long term investments rather than buying and then quickly reselling for a short-term profit.  The lower tax rates also reflect the fact that many of these assets are already taxed as they are appreciating in value. Real-estate is usually taxed through local property taxes. Equity in US corporations realized by rising stock prices and dividends that are returned to stock holders reflect earnings from a corporation that are already taxed at the 35% Corporate tax rate. Taxing Capital gains as ordinary income would be a second tax on those same profits. Another problem with Long-term capital gains tax is that a big portion of the gains for assets held for multiple decades are not real gains. Inflation increases the price of assets held for longer periods, but you are still taxed on the full gain even if it would be a loss when inflation is calculated. Capital gains are also taxed differently depending on your income level. If you are in the 10% or 15% brackets then Long-term capital gains are assessed at 0%. If you are in the 25%, 28%, 33%, or 35% brackets, they are assessed at 15%. Only those in the 39.6% bracket pay 20%. Capital assets sold at a profit held for less than a year Income from buying and selling any assets such as real-estate, stock, bonds, etc., that you hold for less than a year before selling. After adding up all gains and losses during the year, the net gain is taxed as ordinary income. Collectibles held for more than a year are not considered capital assets and are still taxed at ordinary income rates."


If it makes your finances easier, why not? My wife and I had his/hers/our since before we were married. I also have an account to handle transactions for my rental property, and one extra for PayPal use. I was paranoid to give out a checking account number with authorization for a third party to debit it, so that account has a couple hundred dollars, maximum. All this is just to explain that your finances should be arranged to simplify your life and make you comfortable.


Though I did answer the linked question, I thought to quote parts of this article. Source: The RRSP advantage, by David Hodges, February 6th 2015 [John] Storjohann ['the 58-year-old Calgary project manager'] is keenly aware of the two main advantages of RRSPs: the tax refund when you make a contribution, and the tax-deferred growth until you make withdrawals in retirement. These make RRSPs ideal for those who expect to be in a lower tax bracket when they stop working—which will be the case for most Canadians. For those in the highest tax bracket today, the RRSP is a no-brainer. That’s why Storjohann’s always surprised when he meets people pulling in good incomes who think TFSAs stack up better than RRSPs. “People just don’t understand how these accounts work.” This is the most common objection to RRSPs: people simply hate the idea of paying taxes on the withdrawals. Money taken out of a TFSA, by contrast, is tax-free, which sounds far more appealing. But that logic ignores the fact that you receive a tax refund when you put money in an RRSP, while TFSA contributions are made with after-tax dollars. So for the Fosters and other Canadians weighing this decision, it comes down to whether it’s better to pay tax now or later. And that’s not an easy question to answer. Both Hamilton and Kirzner say that anyone earning more than $50,000 is usually better off prioritizing RRSPs over TFSAs. While both accounts allow your investments to grow tax-free, the tax refund makes the RRSP more attractive for high-income earners. ... That, in a nutshell, is what makes RRSPs better than TFSAs for higher earners: Not only are you taxed on your money years later, but because you’re in a lower bracket when you retire, you’ll pay less tax too.  When your income is between $35,000 and $50,000, the long-term tax differences between RRSPs and TFSAs become negligible, says Malcolm Hamilton. In that salary range, “just being able to put money aside in either an RRSP or a TFSA is great.” But RRSPs can still be a better choice for reasons that don’t involve tax deferral or refunds. In his new book, Wealthing Like Rabbits, author Robert Brown makes the case for favouring RRSPs over TFSAs most of the time because the former usually means less temptation to access your retirement savings early. Footnote: This 2012 CBC.ca article intelligibly explains RRSPs, free of jargon.


I'd love to help you, but without knowing the kind of reporting you do, that's going to be kind of hard.  Plus it is a bit of a conflict of interest ;)  Of course, if you want to take me on as a C-level exec, I could probably handle that.


What needs to happen is rights need to expire if they go unused 10 years. That would allow Disney and other large firms to continue on mostly unimpeded, since it would allow them to renew their more popular material fairly easy, but it would allow most copyrights to expire within a reasonable time frame.


"As everyone else has said, we're producing gasoline, not crude oil.  But since you asked, even if we did produce enough crude for our needs, we would still import if someone else can produce it more cheaply, or if our resources would be better spent elsewhere.  The classic example from economics class is a dentist hiring someone to mow his lawn.  Sure, the dentist is a healthy guy, he could mow his own grass for free.  But that would take him an hour, and he could be using that hour to be a dentist, instead.  And an hour of dentistry is worth a lot more than an hour of mowing the lawn.  This is called ""comparative advantage"" - for trade, it doesn't matter how productive you are in absolute terms, just that you can do one thing better than another."


A lot can happen to a stock's price in 1 hour and especially 30 days.  Not allowing investors to back out of if they desire would be a bad idea.  These HFT firms operate on milliseconds.  Requiring investors to hold for even just 1-5 seconds would be a major blow to the industry.


Has the VIX always received this much attention? I feel like I never really saw articles on it until about 2 years ago, and the attention has especially ramped up post election. Granted, I'm young and may have just not been aware.  As the post alludes to, I think a big problem is people's interpretation of VIX being the market expectation of volatility. In a mathematical sense, that would only be valid if 1) the price of options perfectly reflects volatility, and 2) investors can rationally evaluate the future.   (1) is arguable as volatility is just the single free parameter in BS and captures all confounded factors in the price, including supply/demand mismatches. (2) is debatable just because it essentially assumes that the wisdom of crowds will be true on average. My prior on this is that they're correct that often, and that the VIX is probably a pretty poor predictor of future realized volatility. I'll check this last claim and edit.


"None of the previous answers (which are all good) mention margin accounts (loans from your broker).  You may also have heard them described as ""leverage"".  It may seem odd to mention this rather narrow form of debt here, but it's important because overuse of leverage has played a large part in pretty much every financial crisis you can think of (including the most recent one).  As the Investopedia definitions indicate, leverage magnifies gains, but also magnifies losses. I consider margin/leverage to be ""bad"" debt."


Former consultant with Booz Allen and Deloitte here, I'd say get some solid experience doing programming (especially in finance), get like 3 years experience in IT in finance and then do your MBA.  Thats a great setup for you to become a huge asset to any of the big consulting group.


Yes, Canada considers water a national resource and they do so because treating it as a commodity would remove most restrictions on its exportation. Even now while it's socialized, companies have successfully sued our government when they were blocked from mass-exporting our water to the US. They say water is the next big thing in light of global warming and decreased the availability of drinkable water worldwide so for real, I don't agree with your sentiment here:   > When you socialize your natural resources like this what did you expect?  https://esemag.com/water/canadian-water-security/


didn't pay the extra underpayment penalty on the grounds that it was   an honest mistake. You seem to think a penalty applies only when the IRS thinks you were trying to cheat the system.  That's not the case. A mistake (honest or otherwise) still can imply a penalty. While you can appeal just about anything, on any grounds you like, it's unlikely you will prevail.


"And what exactly do I profit from the short? I understand it is the difference in the value of the stock. So if my initial investment was $4000 (200 * $20) and I bought it at $3800 (200 * $19) I profit from the difference, which is $200. Do I also receive back the extra $2000 I gave the bank to perform the trade? Either this is extremely poorly worded or you misunderstand the mechanics of a short position.  When you open a short position, your are expecting that the stock will decline from here.  In a short position you are borrowing shares you don't own and selling them.  If the price goes down you get to buy the same shares back for less money and return them to the person you borrowed from.  Your profit is the delta between the original sell price and the new lower buy price (less commissions and fees/interest).  Opening and closing a short position is two trades, a sell then a buy.  Just like a long trade there is no maximum holding period. If you place your order to sell (short) 200 shares at $19, your initial investment is $3,800.   In order to open your $3,800 short position your broker may require your account to have at least $5,700 (according to the 1.5 ratio in your question).  It's not advisable to open a short position this close to the ratio requirement.  Most brokers require a buffer in your account in case the stock goes up, because in a short trade if the stock goes up you're losing money.  If the stock goes up such that you've exhausted your buffer you'll receive what's known as a ""margin call"" where your broker either requires you to wire in more money or sell part or all of your position at a loss to avoid further losses.  And remember, you may be charged interest on the value of the shares you're borrowing. When you hold a position long your maximum loss is the money you put in; a position can only fall to zero (though you may owe interest or other fees if you're trading on margin).  When you hold a position short your maximum loss is unlimited; there's no limit to how high the value of something can go.  There are less risky ways to make short trades by using put options, but you should ensure that you have a firm grasp on what's happening before you use real money. The timing of the trades and execution of the trades is no different than when you take a plain vanilla long position.  You place your order, either market or limit or whatever, and it executes when your trade criteria occurs."


Generally in International transfers there are 4 Banks involved. Customer's Bank [Customer who initiating the payment], also called Sender Bank. There is Sender's Correspondent Bank. Then there is Beneficiary Bank also called Receiver Bank [Bank where Beneficiary holds account]. There is Receiver's Correspondent Bank. So Person A-> A's Bank -> A's Correspondent bank -> B's Correspondent Bank -> B's Bank -> Person B. Depending on the currency, at times there is only one correspondent Bank. The Chain of Correspondent Bank is common knowledge and quite often if you don't provide all the details; your Bank or other Bank will fill in default details and processes the payments. However it all depends on which bank and whether they are inclined to do so. Some bank specifically insist to use a preferred correspondent bank so if you don't specify any they may return / reject it.


It sounds like your looking for something like an offshore bank (e.g. an anonymous Swiss bank account).  These don't really exist anymore. I think you should just open a small bank account in your home country (preferably one the reimburses your ATM fees, like Charles Schwab in the US).  If it's a small amount of money, the authorities probably won't care and they won't be able to give you large penalties anyways.


There's a concept called interest rate parity, which sort of says that you cannot profit on the difference in interest rates. This difference accounts for the predicted movement in exchange rates as well, along with the stability of the currencies.


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In reality, shareholders have very few rights other than the right to profits and the right to vote on a board.  In general, a proxy fight to replace the board is complicated and expensive, so unless the interested parties buy close to 50% of the shares it's unlikely to be successful.  Furthermore, a lot of the shares are held by insiders and institutions.    I suppose if a large group of shareholders got together and demanded this, the existing directors may listen and give in to avoid unhappy shareholders being a general annoyance.  That seems pretty unlikely unless the stake gets large.  There's a great episode of NPR Planet Money [board games](http://www.npr.org/sections/money/2017/07/19/538141248/episode-594-board-games) which talks about one man's struggle to get the company to take some action.


The contract is not with the guests. The guests will not be paying the $500 fee, the people paying for the wedding have a contract and they will be required to pay the fee.   That's reasonable to me. If an employee causes damage the employer can be liable; if I have guests at my home who cause damage I can be found liable. Why not wedding guests?


Do you know how SoFi's business model works? They're usually pretty conservative with their loans and refinancing. But I guess if they were looking to expand into riskier loans then it sounds like they've got some red tape that'd hold them back. Thank you for the explanation, much appreciated.


"I'm a recent Finance grad from a CSU (Dec. 2016) looking to apply for Finance positions like financial analysis or financial planning. I have no relevant experience unfortunately, but would love some feedback on my resume! thank you!   Please let me know if this resume format looks strange or unappealing to the eye.  I wanted to use ""MyPerfectResume"" because their professional template was exactly what I wanted, but I don't want to pay money for a template."


There used to be one on water street right by the Staten Island ferry, but it got wiped by Sandy and there are no plans to bring that back (the building may have even been demolished, or perhaps it's one right next to it)


The starving man has no means with which to attain food because he is incapable of contributing to society on the scale necessary to satiate himself, the same would be true whether he was cast out to antarctica with a million dollars in a suitcase or put out on a curbside with nothing. You are misconstruing concrete, established economic theory with your own flawed preconception of how the world should be.


Now this is a really interesting one, so a Canadian guy who's ex brother in law was in Guantanamo, gets married again and decides to take his pregnant wife on a Back packing trip to Afghanistan and gets kidnapped by the Taliban, who allow him and his wife to have 2 more children in captivity, because they don't know how white people fuck, all the while US intelligence is tracking them, but doing nothing till they cross the Pakistani border where they inform the Pakistani Army to free the hostages but do nothing all the while they traveled through Afghanistan, and the family is rescued, after a fire ight but refuses to board an American aircraft in fear of being arrested and Donald Liddle' Wick thinks he is being respected more.  Fucking Moron is an understatement


">The inherent selfishness of mankind needs to be confined by the state for the greater good if entities fail to adhere to decent human standards.  As an American, I've never been sure if this is a ""human thing"" or an American thing.  I'm inclined towards the latter, because I'm living in another country now where there's no actual law requiring people close their businesses early the eve of a public/religious holiday, *but everyone still does*.  Running errands at 2PM before a holiday (by the way, *every single Saturday* is such a holiday here) is actually difficult because of how many businesses close down and give people their time off.  I've resented not being able to get things done, but *dear God* it must be *wonderful* for people with families with whom to spend the holidays."


I'm attacking because you have put more time and energy into defending  whole foods than most people put into defending their families.  You aren't merely checking your inbox, you are specifically answering THIS THREAD, and doing so within a few minutes of the post being made.  That's a lot of dedication to a brand.  As far as you now saying that it's the difference between a horror movie or an arthouse movie, you don't act that way.  I've never felt the need to defend my media choices by camping on the inbox.  I've never been personally insulted that someone doesn't like my media choices, nor have I ever insulted other types of movies.    Honestly, other than shilling, there's no other explanation for exactly why you're taking this all so personally.  Or why you feel the need to answer every person who says something bad about WF.  Or why you can always more or less stay on a set of talking points no matter what.    So I'll shill as well /r/hailcorporate!


Why don't you go complain about SS? That is far more of a ponzi scheme than the Fed. And the difference is, the government HAS an actual way to generate income. Last I checked, ponzi schemes were developed because there was a severe lack of incoming cash flow.


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> Nearly 60 percent of its students are behind grade level in math. Nearly 50 percent trail in reading. A third do not graduate on time. And hundreds of children, from kindergartners to seniors, withdraw within months after they enroll.  Correct me if I am wrong, but isn't that about par for the course - if you are comparing to public schools? I've read in some bigger cities they are lucky to graduate 50% the kids that enter.


Yes it is viable as long term!! BUT... The average yearly return for the Nasdaq-100 for the last 20 years is 15%!! If you subtract the financing cost for the CFD (my broker is 4%) it gives you about 11%. You can add 1% dividend yield to that. That's 12% return!! As you earn more you can compound in more contracts. Make sure you keep your buffer. Soon enough you can have a very large exposure. The market right now is in euphoria. But a Trump impeachment can be very dangerous thing.. Happy investing!!


"This article absolutely nailed it. There's a better saying: ""Money can't buy happiness, but it calms the nerves"". Some years ago I lost my job just as the economy tanked. I spent nearly 3 years on what could be best described as a 'subsistence' income. I had played the whole game of which utility got paid this month and ended up in a bit of debt. It was just hell and it still haunts me. I was so messed up after that, I didn't even like taking vacation time. Just hanging around my apartment brought back memories of being unemployed and having no where to go. To this day I won't turn down overtime or a chance to make some extra money."


There are 3 entities in a credit card transaction; Typically when you swipe for 100, the merchant only gets around 97.5. The 2.5 is divided amongst the 3 entities, roughly around 0.5 for the Merchant Bank, around 0.5 for the Card Network and a lions share to Issuing Bank of around 1.5 The reason Issuing Bank gets large share is because they take the risk and provide the credit to customer. Typically the Issuing Bank would pay the Merchant bank via the Card Network the money in couple of days. So the Merchant Bank is not out of funds. The Issuing Bank on the other hand would have given you a credit of say 10 to 50 days depending on when you made the transaction and when the payment is due. On an average 30 days of credit. So roughly the Acquiring Bank is lending money at the rate of 18%. It is from this money the Issuing Bank would give out rewards, which is typically less than 1%. Also in cases where say Merchant Bank and the Issuing Bank are same, Bank would make money on both the legs of transaction and hence launch co-branded cards with better rewards. The above numbers are illustrative and actual practices vary from Bank to Bank to card Network to Country Related question at How do credit card companies make profit?


This is sad, not just for Nokia but for Finland as a whole. The shares used to be a synonym for a Finnish tech stock tracker fund as they not only employed lots of Finns, but also used a lot of subcontractors. They can't all make Angry Birds....  With Elop there like the proverbial dead albatross around the neck of the Ancient Mariner, they must remain with Microsoft, however they must stop Microsoft from killing their platform. Microsoft's behaviour is unacceptable.  Nokia's hardware reputation remains good. Their dumb phones retain a market share with those who are challenged for access to recharge facilities and don't want to spend $500. Perhaps they can leverage their far-eastern manufacturing capabilities for not quite so dumb phones (they must climb the value chain a bit), but retaining the excellent battery life.  Even in the west, there is a ready market for second phones that you really can use outdoors. I love my Galaxy Nexus, but it is hard to use in bright sunlight, water messes up touch sensitivity and so on. I still have my old E71 for use on the go. Far from weatherproof, but you get the general idea.


20.8% of the market isn't anywhere close to a monopoly. I understand that it's over twice as much as their nearest competition, but there is still a lot of competition. Eh, but perhaps my definition of a monopoly is skewed by, you know, historical examples like Standard Oil and AT&T.


"You should absolutely have a contract between you and your client stipulating the quid-pro-quos of the arrangement. They get the product, you get the money. First off, this contract should specify what you must do, and what they must do, for the contract to be ""satisfied"". This isn't necessarily just product for money; your client may be under deadlines to approve the product in various stages of work in process. Depending on the product, the client may be required to provide starting materials (like existing logos/slogans for advertising/marketing graphics), information on or access to computer systems (for software or infrastructure consulting, or accounting auditing), etc. Second, if you provide a tangible product like graphics or software, the contract should clearly state that ""intellectual property transfers on satisfaction of contract""; they don't own what you have made until they have accepted it and paid you accordingly. If they try to stiff you by taking what you made them and using it before you've been paid, you can take them to the cleaner's for copyright violations. Third, you should structure a payment schedule; don't do too much for free. You can get the money in thirds, for instance; a third up front, a third at some defined halfway point and a third on final delivery and acceptance. Lastly, you should stipulate that the client is responsible for all expenses incurred by you as a result of their failure to pay as stipulated, up to and including attorney's fees. Definitely have a lawyer draft these agreements; contract law is a many-layered area of law with hundreds of years of case law and slightly different nuances in every state. A competent lawyer will know things that can and can't be stipulated in a contract, and if you try to do it alone you'll wish you hadn't when the contract's tossed out by a judge because of some technicality. If they refuse to pay, get the lawyer on the phone and file suit. A well-written contract drafted by a competent lawyer, which you have lived up to on your end, will give your client no loopholes to slip through. As far as recovering damages, it shouldn't matter whether he's in the U.S. or not; if he does business in the U.S. then he very probably has money in banks that have to listen to U.S. courts (or at least court orders)."


"I was the one who made the beating you to the punch comment.   That liquidity is worthless without an active market. That's the whole point of liquidity. An ability to sell back when needed. High volume means nothing when the fucking HFT buys all the stock and holds you hostage to his sell price.   The only thing raising the price of pineapples is high speed trading. They only buy OR sell **when they see a bid.** That is not a traditional market maker.  Please, tell me how that is wrong. That is not a rhetorical question.  edit: If a pineapple is listed at 6.00 let's say you decide to buy and throw it in your cart. A store employee overhears you saying ""I'd be willing to pay 6.02 for this"". The employee tells the cashier to raise the price to 6.02 right before you get to the register. This is HFT in a nutshell. It doesn't provide an active pineapple market because the pineapple was only being offered once a buyer was lined up."


That's what I was thinking right near the end. I didn't want him to essentially sell his business for $150,000, when he could easily walk away from there with $0 and get his investment from an outside source.   I still think it's risky to accept the royalties in exchange for full equity, but I'm glad he didn't give up any more than 30%!


I'll try.  First forget everything OP said (your point? yay!).  Gold has value because it is stamped with a value on the front (say, 10 denarius).  This coin can then be used to pay taxes to Rome.  The value of the coin is the stamp value, not the value of the underlying gold.  The seignorage is the difference in price between the underlying metal and the marked value.    Because the coin has a very valuable use (paying taxes) that the metal doesn't have, the government gets to keep the difference between value and coin price.  Paper dollars are just like gold coins with a higher seignorage value.


">> You are in an endless loops of ""maybe""(s)...  > No, my point was that your ""maybe"" puts you in an endless loop of ""maybe""s. Please try to keep up.  Check the ""maybe""(s): they are all yours!   I have no ""maybe"" on Trump and never had one. **I am SURE(!) he will fix the healthcare system and lower all prices and costs. Remember: I voted for him and I support him.**  >>But the paranoia and ""end of the world"" folks do not impress me.  > Me neither but that doesn't mean global warming is not going to bring a whole lot of expense and instability.  No expense and no ""instability"". You just said ""me neither"", you just said it(!), and, immediately, you try to bring paranoia, baseless fears and scare tactics.  What ""instability""? Wars will not happen because it's a bit hotter. Hunger will not happen - there's more rain now, and the world produce more food than it can eat, and can produce much more more food if we just bothered. No diseases because it's a bit hot.   What expenses? Less fuel to hit homes? Less need to water the fields?  What on earth are you talking about? How ""instability"" will happen because it's tiny bit hotter?  > You have no idea of the scale of the problem with weather and climate.  You are the one who have no idea. I studied the subject very well. Very well! It was far hotter in the world, and far colder in the world, and the world is just fine now, and back then.  >> You can't come with one ACTION by Trump you oppose, and you are still against him.  > Now you're moving the goalposts.   LOL!!!!!! LOL!!!!!!!  I asked you, again, and again, and again, and again, to give me one ACTION by Trump that you oppose. How on earth I ""move goalposts""?  (Probably I have more actions by Trump that I oppose than you).  > Okay, fine. Here are about a dozen categories of reasons I do not support President Trump.   > He is a liar. He is unpresidential. He is a narcissist. [etc]  Got it! He's a liar, so you won't believe anything he said, anything he does or anything I say about him. On the other hand, Hillary and the DNC are not liars. So you voted for them.  He's ""unpresidential"", but Hillary with her handling of e-mail(s), cheating on debate questions, rigging elections against Sanders, etc, is definitely a ""presidential"" material that you voted for her.   He is a ""narcissist"", but Hillary is not with her ""deplorables"" remarks, seeking presidency despite all the scandals and cheating,  her ""I should be 50 points ahead"", etc, etc. So you voted for Hillary.  **Darling, already since July the whole media, even Fox, are trying to show the Trump lied, unpresidential, etc. And so far? Anything?**  **YOU ARE, how can I say plainly, despite wanting a non-liar, presidential, etc president, you voted for Hillary and the DNC, who are the EPITOMY of liars, cheaters, narcissists, unreliable, criminals, untrustworthy. Do you see how your tribalism make you ridiculous?**  And meanwhile, Trump deliver what he promised, has yet to on a single investigation, while Hilary, Comey, Lynch, Holder, Podesta etc are all under investigations."


He didn't lock in a growth rate of 4%. He locked in a yield of 4%. That's the amount the bond pays in interest on his original investment each year. If he just spends that money the bond will continue to pay 4% each year, but there's no growth. In order to get growth he has to reinvest the interest as it comes in; if he puts it into bonds, the return on that new money, and hence the growth, depends on the prevailing interest rate at the time that the interest is paid. That interest rate can be higher or lower than the original 4%; there's no connection between the two.


I suggest you take a look at http://elenaives.com/attempts-president-bush-reform-fannie-mae-freddie-mac/  Bush did try to reform Fannie May and Freddie Mac, but was shot down. However, he did not have the political balls to do the right thing and use the bully pulpet to shame congress into acting.


> The 'uber' rich because they take chances that others aren't willing to.  Elon Musk is backing risky companies like Tesla, SpaceX, and Hyperloop.  But at the end of the day, how much do you think he personally risking? If everything failed do you think he would starve or be homeless?


Usually business development roles are entry-level sales roles. You'd typically be making hundreds of cold calls per week to set up meetings with more senior sales staff. It seems to be a big deviation from what your major is and the experience you're getting right now, IMHO. Anyone can land a BD role.


Here's my view, as a 38yr old NZer who grew up in Auckland: When you purchase a residential property, whether or not you intend to live in it, you're essentially counting on the possibility that one of the following will occur: This report by the NZ Royal Society (going by memory from a presentation I attended) predicts ongoing population growth in NZ, mainly driven by immigration, and mostly in Auckland. Building of new housing isn't keeping up with population growth, so my bet would be that the property values, especially in Auckland, are going to continue to climb.  Other factors that might influence your decision are things only you can know, such as where you might be likely to settle down, how much risk you're willing to take, how much capability you have to look after a rental property, and how much knowledge you have about the property market. Bear in mind that government schemes and world events may change the outlook for number of houses being built and immigration levels, both of which heavily affect property values. My personal view is that the government isn't doing nearly enough to provide affordable housing for our young adults in NZ. Not only that; the govt is essentially responsible for the problem in the first place, as zoning rules for local authorities artificially inflate land prices which prevent the building of affordable houses. Furthermore, foreign investment in rental properties is unregulated and unmeasured. Both these problems could be resolved with appropriate legislation, though central city prices are unlikely to be relieved as much as other areas simply because prices are also inflated due to the desirability to live centrally. The problem is a severe one, and high housing prices for even the smallest dwellings are going to make inequality, and the social problems that go with it, far worse. I'd like to see new cities or towns being planned and built from scratch, such as Pegasus and Canberra.


No where in my comment I presented my opinion as fact. $76 dollars a day is account only for the Popeyes chicken job, not the 2nd job. There's no way she spent  $348  on her sons living  away with a friend. She's living the Hughes in the getho  where prostitution, drugs, and crime are common place according to the article, so rental marion is paying the Hughes couldn't possibly be that high. A lot of the characters may not cook often , and they more likely to be frequent fast food customers. Fast food may appear cheap on the surface, but the numbers add up quickly to a large sun to frequent a buyer. Again, this is my opinion. Because she has children and living far below the poverty line, Her IRS tax refund should around $6000 or more, because this is what the refunds are for a few people I know very well in Florida. Once again, It may not the reality of the characters' finance.


"Mint.com does this quite well. The graph views of your budgets, investments, debts, and other aspects of your financial life can be shown in gestalt, or on a per-account basis (at least, it does for me). See the investment ""how it works"" page for more information.  ""Find out whether you're beating the market–or it's beating you. Compare your portfolio to market benchmarks, and instantly see your asset allocation across all your investment accounts: 401k, mutual funds, brokerage accounts, even IRAs."""


Depends on how you go about it. I'm in my mid 30s with 3 houses that are about $450,000 in the black. By the time I'm 50 they will be paid off (mostly by other people's rent) and I project I'll be sitting on about $1.7mil in assets with $40,000 annually in cash flow. Not a bad position to be in really.


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In the UK I believe the first £50,000 in each bank are secured by the government, so are very safe but one has to check what 'each bank' means as some are members of the same 'group'. See the FSCS


If you help find a suitable next tenant and help smooth out the transition, most landlord generally don't have an issue to terminate the lease early, and move the contract to the new tenant. Remember that the biggest concerns for landlords is that they don't want the place to be empty (leaving an apartment empty costs them money due to tax, strata, bills, etc as well as putting in jeopardy whatever future plans they might have made under the assumption of a stable income from the rent). You could also offer to pay for the listing agent and other switching fees (e.g. putting bills under the new tenant's name, etc). If you don't have an early termination clause the rental agreement, or sometimes even when you do, these things are often negotiable. If you can guarantee that your leave won't leave them with an empty apartment with no-one paying rentals, most reasonable landlords wouldn't have issue with terminating early.  Many rental agreements also have terms regarding early terminations. This usually involves paying a fee which amounts to a month or two of rent. This may vary.


If you're researching a publicly traded company in the USA, you can search the company filings with the SEC. Clicking 'Filings' should take you here.


"Morningstar's definition of cash includes ""cash equivalents (fixed-income securities with a maturity of one year or less)"". So I'm guessing 81% of its holdings are short-term enough to fall into this category."


I didn’t comment on whether it’s good or bad, just that they didn’t buy all those stores with the sole intention of shutting them down. They’re still using 1,400 stores to grow their network. And yes, it is true that they are reducing competition but again, I never commented one way or another on that.


There are multiple reasons why this may have happened: 1.) I couldn't tell in your question whether or not you had already paid off the loan before requesting the rollover. But if the loan was defaulted - then the $9k left in your account is not distributable, but is there to pay back the remaining balance on your loan. The $9k will be treated as income, and will be taxed - you will receive  a 1099-R detailing the taxes you'll owe. I don't know why this wasn't done when they did your rollover distribution. Typically it all happens at the same time - but it can vary depending on the administrator. 2.) Do you get some type of safe harbor discretionary match, or profit sharing contribution? If so - perhaps this contribution was made after your account was liquidated. So now there is residual money in your account and it is treated as a new distribution, which incurs a new $60 distribution fee. 3.) Stock - if some of your investments were in stock - these take a few extra days to liquidate. Typically a TPA/Recordkeeper would wait until ALL of the funds are liquidated before issuing the rollover. But some companies may be shady and do it separately - incurring an additional $60 distribution fee. If this was the case - I would go to your former employer's HR and tell them whats happening and to start looking for a new 401(k) administrator! I hope this helps :-) Good luck!


"This is the best tl;dr I could make, [original](https://www.cnbc.com/2017/10/18/richard-branson-says-he-met-trump-only-once-in-1990s-and-it-was-ugly.html) reduced by 71%. (I'm a bot) ***** > Billionaire Richard Branson told CNBC on Wednesday he met Donald Trump only once - in the 1990s, when the then-real estate tycoon was dealing with the bankruptcy of one of his companies.  > Branson, founder of the Virgin Group and a supporter of Hillary Clinton&#039;s failed presidential campaign, alleged that Trump spent the meeting talking about how to destroy people who refused to lend him money when one of his companies went bankrupt.  > Branson did not provide the exact date of the meeting or identify the Trump company that he said went bankrupt.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/777lob/branson_i_met_trump_in_the_1990s_and_all_he/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~230656 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Trump**^#1 **Branson**^#2 **company**^#3 **bankruptcy**^#4 **people**^#5"


They're still behind on Model 3 numbers. China would be about taking all the money they've hemoraged to get where they are here and duplicate it over there, so while it's possibly a wildly lucrative market, it won't be for quite some time and after a lot more spending. They just trimmed the fat on their workforce, which is probably a good move, but so many at once says that they needed to cut spending.   Once the 3 is cranking out faster and AP2.5 is getting updates, the stock will probably make a good run, but for now it's going to flounder about close to where it is.


There should be no problem getting a mortgage from a bank with 3 years in business. They are going to use the average of the last 2 years of taxable profits to determine your income though. I think the key words here are taxable profits and this is where the problem typically comes in for most self employed folks. Many times self employed people will have soft losses and deductions that make their income seem lower than it really is (or unreported income).  It has nothing to do with your business plan, or your relationship with the bank unless it is a small community bank or credit union.


"Be very careful with this.  When we tried this with furniture, they charged an ""administrative"" fee to setup the account.  I believe it was about $75.  So if you defer interest for one year on a $1000 purchase and pay a $75 administrative fee, it's 7.5% interest. Also, they don't always send you a bill when it's due, they just let you go over the date when you could have paid it without paying interest, and then you owe interest from the date of purchase.  These plans are slimy.  Be careful."


Stop loss orders are the exact opposite of what you should be doing if you are implementing a long term buy-and-hold strategy. The motivation of a buy-and-hold strategy is that in the long term, the market rises even despite the occasional crash or recession. Setting a stop loss simply increases the probability that you will sell for a low price in a temporary market downturn. Unless you are likely to need near-term liquidity (in which case you're not a long term investor), that makes no sense.


It depends on the bank - In some cases(mine included :) ) the bank allowed for this but Emma had to sign on a document waiving the rights for the house in case the bank needs to liquidate assets in to recover their mortgage in case of delays or non-payment of dues in time. This had to be signed after taking independent legal advice from a legal adviser.


I think you need to have the experience of over-consumption to realize that buying more stuff won't make you happy. And then when you see TV commercials and ads everywhere, you no longer will want the stuff.  When you do that, then you slow down and start to value spending time with the people important to you, doing stuff and going places with them. It's the experiences that count, and some of the most fun and memorable stuff you can do is free or cheap.


There is trading, and while it can be automated, someone has to define the rules for the automated system.  Why not call that person the manager?


I like the idea, but a lot of sites like this will be coming online soon so definitely find a designer if you want a lot of people to come to your site and come back. Just my two cents.   Good luck, hope you do well!