"Thanks for the great response.  The example with calculus is perfect! Group A is some students who will never ever get it, no matter how much you teach and train them.  As you know, group B is some students who excel in calculus just by reading the book with no need for a professor to explain or teach them. They probably exceed in understanding beyond the course objectives.  Group C, most, will be in the middle: struggle and with efforts of the professor (if the class is not more than 10-15 students) and their own efforts, they will eventually understand... some will get C, some will get B and few will get A.  Which group will succeed with their career if it requires calculus?  > The messed up part is that professors are never formally taught to teach.   True. I was an adjunct professor while studying for my master's. In the end of the semester, students had to evaluate their professors. I got the 2nd best results, after another part-time adjunct professor, and way above all tenured professors. Are you surprised? By the way, I was teaching introductory classes and I was working for the department I was teaching for as a research intern.  As for professors who don't know how to teach, this was not an issue in the past and was not needed in the past (i.e. it's because of past traditions).   In the past, the role of the professor was not so much to teach, in the sense and the way teachers teach today in elementary school: attend and dance around every student's special needs and go in a slow pace to accommodate make sure nobody is left behind.  The role of the professor in the past, being a real expert and full of knowledge far and beyond what is required, was to plan and sequence what has to be taught, in a pace that will meet the full agenda of the class. No concern is given for students who can't keep the pace. Also, the role was to challenge the students, test then and answer any question they may have. This includes debates over any topic related to the class material.  > I think the vast majority of work related skills that people develop are learned on the job  Absolutely true!!!! Or let's put it this way: **the best school was, is and will be ""a Master and an Apprentice"".** Which is somewhat still done in Germany, and is the only way Medical Students learn... because, no choice: the life of others is in their hands.   By the way, **Masters have zero patience** for apprentices who don't show a promise. Masters also have little talent in teaching but **Masters have long term 1000% patience** to show, again and again, correct again and again, demand, explain and challenge their apprentices.  ... to the point the Masters actually don't do much work, and, instead, just teach, in their own special way."


Revisionist history much? The law that forced pension obligations was sponsored in the senate by Susan Collins, who by voting record is one of the most pragmatic and moderate senators. It also passed the senate with unanimous consent, being hailed as common sense reform by many of the people who now rail against it.


"A ""balance transfer"" is paying one credit card with another.  You probably get offers in the mail to do this all of the time.  As other posters have noted, however, this usually comes with finance fees rather than the rewards that you get for normal purchases because it's written into your credit card agreement as a different class of transaction with different rules. I'm not sure if it's urban legend or true, but I have heard stories that suggest there were some ""loop holes"" in the earliest credit card reward plans that allowed for something like what you want.  I doubt that any plan ever allowed exactly what you've written, but I've heard stories about people buying gift cards from merchants and then using the gift cards to pay their bill.  This loop hole (if it ever existed) is closed now, but it would have allowed for essentially infinite generation of rewards at no cost to the cardholder.  The banks and credit card companies have a lot of years of experience at this sort of thing now, so the threshold for you finding something that works and conforms with the cardholder agreement is pretty small."


Fox News could lose 100% of it's ad revenue and would still exist as a state-run propaganda arm.  17% of one month's ad revenue is 17% of a dust mote when compared to the power and lucre they stand to gain serving an autocrat who rules over the world's wealthiest country and the world's most powerful military.


As an Indian resident you can open an Resident Foreign Currency Account, i.e. an USD account. This facility is provided by all major banks.  I am not sure if PayPal would transfer money to these accounts or would convert. The alternative is to give this account number along with other Bank details to the company in US and ask them to send money via remittance services.


Some people may be prosperous that live in a city, but there are few prosperous cities. Most cities in the US are hand to mouth on funding, many large and mid-sized cities are in or going to be in trouble over worker pensions/retirement funding. The infrastructure in most cities is in poor repair. The nearest one to me needs $1 billion+ to fix the water system, that doesn't include roads or bridges. The countryside is where resources are produced, be it food, timber, ore mining, etc.... that is where wealth is produced. A city with no resources is an empty city.


To be honest, all that they might be able to tell you is to keep saving.  Your income seems like it will vary week to week thanks to commission (and I'm still very curious how at 18 you found a job making $96,000 a year at minimum).  Right now because you have no savings, start stacking that up.   You're going to want an emergency fund on the side as well.   Even though now you may still live with parents, you still may run into issues where you'll need money on hand.  It's much better to dig into an emergency fund than get a loan.  Plus, when moving out, you won't be living paycheck to paycheck.  Best rule of thumb for this is to keep an emergency fund of roughly 3-6 months of expenses.  Right now because you're so young with so little money, there isn't a large reason to really open up an IRA or any sort of investment account.  Unless you're actually guaranteed $2,000 a week, then things are different.


There is nothing wrong with private greed. Even if your sole purpose is to make money, you still have to provide the means of services or products that the public wants to buy. You are still providing people with things they want/need. And if you're a corrupt business, capitalism wouldn't allow you to fare well, or at least for long. You couldn't not continue to provide society with goods and services in pure capitalism if your aim is simply to be a profiteer.  The problem is corporatism. When you merge private and government greed, you get problems. This quote from Keynes is just plain ignorant on his part.


If you invest in a 401(k), the shares in that plan are yours for as long as you live, or until you pull them out. So, if the employer is offering any sort of matching and those matched funds remain yours after you leave, then definitely contribute; that's an immediate return on your money. If the employer is NOT matching funds, then usually it is better to contribute to an IRA instead; you get the same income tax benefits from the deduction, without the headaches of going through your company (or the company from 3 jobs ago or whoever bought them) to get to your money. If I were in your position, the most I personally would do after I quit the company (which I'm assuming you'd be doing if you were going back to your country of origin) would be to have the 401k shares rolled over into a traditional IRA; that way I'd have more control over it from outside the country. Just keep the bank holding your IRA apprised of your movements around the world and how they can get ahold of you (it may be wise to grant a limited power of attorney to someone who will be staying in the U.S. if you don't want the bank mailing your statements all around the world), and the money can stay in an American account while you do whatever you have to outside it. As long as you don't take the money out in cash before you're 59 1/2 years old, you don't need to pay taxes or penalties on it. If you were to need it to cover unexpected expenses (perhaps relating to the aforementioned family emergency), then that decision can be made at that time. If you think that's even remotely likely, you may consider a Roth IRA. With a Roth, you pay the income taxes on your contributions, but the money is then yours; you can withdraw anything up to the total amount of your contributions without any additional taxes or penalties, and once you hit 59 and a half the interest also becomes available, also tax- and penalty- free. So if you had to leave the country and take a lot of cash with you, you could get out everything you actually put into a Roth with only minor if any transaction fees, and the interest will still be there compounding.


"You should definitely read through that contract front to back multiple times, making sure you understand every word. Voice your concern to the gym. Explain why you feel you're being cheated.   Best case: they waive the fee.   Worse case: you leave bad reviews all over social media, explaining the ""surprise fee"" practice, and *then* they waive the fee.  Very worst case: The gym refuses to waive the fee, you threaten legal action. They're probably going to waive the fee then. I don't forsee any circumstance where you actually have to take them to court.  I'd ask /r/legaladvice for sure."


"The textbook answer would be ""assets-liabilities+present discounted value of all future profit"".  A&L is usually simple (if a company has an extra $1m in cash, it's worth $1m more; if it has an extra $1m in debt, it's worth $1m less). If a company with ~0 assets and $50k in profit has a $1m valuation, then that implies that whoever makes that valuation (wants to buy at that price) really believes one of two things - either the future profit will be significantly larger than $50k (say, it's rapidly growing);  or the true worth of assets is much more - say, there's some IP/code/patents/people that have low book value but some other company would pay $1m just to get that. The point is that valuation is subjective since the key numbers in the calculations are not perfectly known by anyone who doesn't have a time machine, you can make estimates but the knowledge to make the estimates varies (some buyers/sellers have extra information), and they can be influenced by those buyers/sellers; e.g. for strategic acquisitions the value of company is significantly changed simply because someone claims they want to acquire it. And, $1m valuation for a company with $500m in profits isn't appropriate - it's appropriate only if the profits are expected to drop to zero within a couple years; a stagnant but stable company with $500m profits would be worth at least $5m and potentially much more."


Ok, so let's just think about the IQ curve for a minute. We know that over 50% of the population has lower than average IQ. We know that toward the lower end of the curve, people are really dumb. Some of these on the very low end have federal assistance due to their handicap. It is not politically correct to call them retards because they are a natural product of nature special ed instructors say.  So, let's play the banking game. Pull up a list of all of the customers activity and graph out the frequency of those who overdraft. Hey, would you look at that, there is a curve and some of these people are overdrawing a lot more than others. Most customers overdraft rarely or not at all, but there are a few who do it all the time. These are the retards and the banks prey on them. These are the same folks who get 50% interest pay-day loans.  Never-mind the fact that banks have been given money by FED. Never-mind that they can park their money overnight and earn great rates for free. Never mind that the US government, soon to be replicated by governments all over the world, has stolen tax dollars from the population at large and given it to these banks without a moment of hesitation because they are too big to fail.  No, the problem is that these retards cannot balance their checkbook, therefore, it is their own damn fault. And for those who prey on the weaker, the down-trodden, the mentally challenged. Good for them! If you're too stupid to balance your account, then you deserve to be raped by big banks and the governments who are in bed with them.   Now, get on the other side of the IQ curve you fucking retards!


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> Blockbuster should have done some sort of rental package where you could return their mailers to the the store and get a couple of in store rentals for 10 bucks a month or something  This is pretty much exactly what they did


"You ask a question, ""Is there any real purpose in purchasing bonds?"" and then appear to go off on a rant. Before the question is closed by members here, let me offer this:  This chart reflects the 10 year bond rate. From 1960-2004 (give or take) the coupon rate was over 4%. Asset allocation suggests a mix of stocks and bonds seeking to avoid the risk of having ""all of one's eggs in one basket."" To that end, the simplest approach is a stock/bond mix. Over time, a 70/30 mix provides nearly 95% of the long tern return, but with a much lower volatility.  I'm not going to suggest that a 2% 10 year bond is an exciting investment, but bonds may have a place in one's portfolio. I'm not going to debate each and every point you attempted, but #5 is especially questionable. If you feel this is true, you should short bonds. Or you should at least 99% of the time. Do you have data to back up this statement?"


According to the United Nations things that people need to live are classified as human rights. Food, water, basic communication etc, all listed as human rights. Those things you listed are (I believe) from the American constitution(?) and are protected 'rights' but they are not human rights.   For more information you can visit the [Universal Declaration of Human Rights](http://www.un.org/en/universal-declaration-human-rights/) pay listed by the united nations. These are things that most countries on the planet agree all people need.


"Alright, I will go through bullet point by bullet point and try to best figure out what you will be doing in layman's terms. Please bear in mind that I do not work for a hedge fund, but rather a much larger entity, so a lot of the work you will be doing is pre-populated:  >Roles = In this role, the individual will be the main point of contact for the client on all things related to understanding their trading profit & loss and how their valuations have been sourced. In addition, the Product Controller will work with internal partner areas to ensure all required processes have been performed to verify the valuation accuracy of the client’s portfolio.  From my understanding you will act as the middle man between the client and the analyst. As such here is how a real interaction may go: Client X calls, you answer - ""Hello, iDade's office, how can I assist you?"" Client X asks, ""Hey iDadeMarshall I was curious what my capital gains were on my FB purchase?"" iDade: ""Ok, let me pull up your account, just a moment. It seems as though your current capital are $30,000 (*LOL*) on your FB purchase.""  Client X: ""Hmm, well do I have any significant loses that I may be able to sell off to off-set the tax on the capital gains?"" iDade: ""Why yes you do, it seems AAPL has taken a mighty tumble, would you like to sell a position to assist you in offsetting?"" Client X: ""Why that would be great. Thanks for your help."" The conversation could go on, and that is a pretty deep conversation for the level you are going in, but I have had conversations like these before. The second part of the bullet just means that you will be checking and rechecking the grunt work of the analyst, and in some places actually performing the grunt work. The work will most likely be along the lines of finding returns for different time periods. Popular desired time periods are inception, ytd, qtd, 1yr, 2yr, etc. Remember all of these time periods are not good stand alone; they must be compared to a relevant benchmark. For instance, you would not want to compare the Barclays Intermediate Ag to an equity portfolio. The most common benchmark for an equity portfolio is going to be the S&P 500, but you have to look at where the portfolio is focused. If it is a SCV you may want to look more towards something like the IJS (iShares S&P SmallCap 600 Value Index). In the end always remember that any number you come up with is always relative to a benchmark. A plain return number is useless.  >Knowledge/Skills = Knowledge of cash and derivative products across various markets • Knowledge of pricing and valuation • Knowledge of profit and loss reporting and related attribution analysis  Pretty much they just want to make sure that if a client asks about a forward/future contract as well as any swap/option that you understand what they are. This bullet points screams “I KNOW WHAT I AM DOING EVEN THOUGH NOBODY KNOWS WHAT IS GOING ON IN THE ECONOMY.” Be up on your current events have a personal conjecture about what you feel is going to happen moving forward, but do not convey it. If you know that the unemployment was the main driver behind today’s poor market then you will be good for the day, because that will suffice for any call in that relates to “why is the market down?” One of my favorite quotes about the current economy is as follows: “Anyone around here, who isn't confused about what’s going on, doesn't understand."" As scary as it is, that is the honest truth. Nobody knows what is about to happen and if anyone tells you they do, they are lying and you need to run away, quickly. I am assuming you know how to calculate profit and loss – I don’t really know of a *special* way to twist the numbers around.  >Major Duties = Managing the daily P&L process for one or more client trading desks o Daily review of Quality Control checks o Working with trading desk(s) on P&L differences/inquiries o Working with offshore Product Control Team (India) on QC process o Delivering a final daily (and month-end) P&L statement to the client • Understanding and explaining the key drivers behind the P&L movements • Preparing/Managing monthly (or more frequently as required) price verification process and associated reporting • Updating and maintaining pricing policy for each financial type that is included in the consultant’s P&L reporting • Ad/hoc projects to meet and enhance client deliverables  All this means is that you will be sending out the due diligence to the client and you will ensure you are using the proper closing price and include any deposits/withdrawals during the month into your calculation. The main point is knowing the reasons the price moved throughout the day/month. KEEP UP on current events and make sure that you understand a vast knowledge of economic data.  For what your day-to-day activity may be, I can walk you through it. Let’s say you get in at 8am. You will get in at 8, read economic data/recent news articles until about 10; from there you will update client A-F P/L worksheet until about noon. You will eat a quick lunch until about 1230 and continue on the grind of E-M until about 4. From 4-5 you will reread what happened at the end of the day and an overall economic activity report for the day. You may stay until 8 or 9 (if you are in a banking hub/NYC), but a lot of the older guys will leave at this time. This is your time to shine. Stay as late as you can and pump out as much work as you can.  As for your interview, they may ask you what will be a good play for the next 6 months to a year – you should respond with common themes in the market. The most common theme is the dividend growth play. A ton of people are not predicting large amount of growth for the next 5-10 years, I believe I read something earlier that JPM lowered their growth forecasts by about 30% recently, so dividends IS the play. Dividend payers are generally well established companies (blue chip) that have a strong foothold in their respective industry/sector. There are a ton of funds sprouting out everywhere to follow this trend (you could throw out a few funds for brownie points, I’ll give you some – MADVX and VDIGX are pretty common). I hope this helps and let me know if anything wasn’t clear (wrote it pretty quickly). I am off to have a drink or two or three, I’ll check this in the morning though."


The price is moving higher so by the time you enter your order and press buy, a new buyer has already come in at that time and taken out the lowest ask price. So you end up chasing the market as the prices keep moving higher. The solution: if you really want to be sure that you buy it and don't want to keep chasing the market higher and higher, you should put in a market order instead of a limit order. With a market order you may pay a few cents higher than the last traded price but you will be sure to have your order filled. If you keep placing limit orders you may miss out altogether, especially if the price keeps moving higher and higher. In a fast moving market a market order is always best if your aim is to be certain to buy the stock.


I asked this question in this weeks question thread.  But I'll ask it here too.    If the buy side here is an etf and has an expense ratio of x, does the rebate offset the expense or is accounted some other way? Another way, Is the rebate profit for the fund manager or the fund? Does it get disclosed somehow?


Two big things: In many ways, the early internet people were correct -- in 2011 we are much more productive as a society than we were in 1991. (Which comes with downsides, such as high unemployment) The bubble was a result of over-estimating those improvements and under-estimating the time required to yield those productivity gains.


Horrible plan.  You are asking for a massive family feud over money. Don't mix extended family and money. You need to be able to make unemotional decisions about your finances and debt and you likely won't be able to make hard decisions that may be required if they would negatively impact your family. You don't want your brain and heart to fight. You will wind up losing your relationships with family, money, or most likely both.


Jurisdictions will vary but I can imagine calculation methods for child support where the raise could become significant in the present with long future ramifications as well, even if the job is temporary or the parent wanted to step away from working full-time to attend school. The timing of the raise might coincide with disclosure of income to an ex-spouse or to the court related and it might be preferable to postpone the increase. Of course the court would probably frown on declining the raise for only these reasons. If it found out it might impute the higher income anyway. And I'm not suggesting that people dodge responsibility for their kids. We've all seen those cases where child support is not particularly equitable between the two parties and/or the kids do not necessarily benefit by the transfer of money. I wouldn't blame a parent for thoughtfully and unselfishly considering this type of second-order effect and consulting an attorney as with so many other financial implications of divorce. Regardless of personal moral objections it's certainly an answer to the question in technical terms that somebody somewhere has taken into account.


"I would hold off on making that threat (closing your account). First, because as others have said, it's not likely to help. And second, assuming you're willing to make good on that threat, you should only play that card as a final absolute last resort, because if it fails, and you close your account, there is little to nothing else you can try to get what you want. First, talk one-on-one with a personal banker at your local BA branch. You might be surprised at how helpful they can be. Next, try talking to customer service on the phone. After that, you might try sending a letter to corporate HQ. A lot depends on the particular ""feature"" you are talking about and why they removed it. It could be that 1) the bank finds the feature is just too costly provide for free, 2) there may be a technical reason why they can no longer provide it, 3) it could be as simple as that few to none of their customers (excluding you) are actually using the feature, or 4) it could be that due to changing regulation, or market forces, no bank is offering that feature anymore. Also, while they may not care specifically about your business, the local branch has an incentive to not drive customers away if it can be reasonably avoided."


"Yelp is a plague upon this earth, especially for small business owners.   I'd say it's symbolic of a flawed, cancerous line of reasoning that is somehow making its way even into the health care system as well as other sectors of business. That is: survey feedback.  Don't get me wrong; consumer/customer feedback is important. But, one has to take into account that usually only people with poor experiences tend to voice loudly, so results become skewed on the spectrums of consumers. Furthermore, many reviews are simply insane -- i.e. biased experiences due to a bad day, another customer, or something else entirely unrelated or unreasonable to their experience. Don't even get me started on peoples' bias towards Asian restaurants that aren't galvanized into PF Chang's style service.   Why the fuck do people go to MBA programs if they're going to put so much stock into such ""ratings"". It creates needless stress while providing a poor lens for understanding things. At best, it's a tool not a religion. At least, I presume people running the business end of hospitals are MBAs.  The customer is always right is only true insofar as how you treat them at the time of service. Secondly, reviewers aren't always right."


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You can criticize this all day long but at least take into account state benefits for being a parent and the fact that more children is an opportunity for more support later in life. Some families seemingly don't have a choice and some are trying to take advantage of the system and play the victim card. It's not merely a simple breeding habit


Despite being passed 10 years ago, Dodd Frank is not fully implemented yet.  I like to make that point when people tell me we can't get by without it.  We're getting by without all of it right now at this moment as we speak.


Deposits are contributions. You deposit say, $5000, and over time you have $6000.  The $5000 can be withdrawn any time with no issue. It's tracked via form 8606.  With this in mind, I wrote an article The Roth Emergency Fund, suggesting that since one can withdraw deposits with no issue, the Roth can be used to hold emergency money.


that's just it, though - they are splitting up the 1%! and in most cases, especially vanguard, they are splitting up far less.  ETFs don't have 12b-1 fees. explaining why you're experiencing different returns for ETFs will almost certainly involve something other than their expense. again, this is especially true for vanguard. they have the cheapest ETFs around (though i think schwab beats them on a few now).  i can only guess at the full compensation structure. betterment likely earns money on cash reserves and  securities hypothecation (i guess?). they also charge a small fee from what i understand. finance is very slim these days.  i guess i'm wondering what your ultimate question is. if it's the inter corporate compensation structure, above is my best guess. if it's about performance, then we need to compare the ETFs you are looking at. if it's about the fees on funds, i think we covered that!  as an advisor, it's my experience that very specific inquiries about fees have a deeper concern. people hear a lot about being overcharged so cost is a very standard place for clients to initially look when trying to compare performance of portfolios or securities.


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I meant bitcoin. The issuer is the designer of the currency, which I have stated multiple times, has structural issues. The exchanges are the banks, which have been shown to be susceptible to hacking. Bitcoin is also a fiat currency, just like every other currency, just one with no faith or guarantees behind it and no one to hold accountable when things go sideways. No thanks.


Your response give me hope for you, attitude is one of the things you can change! It may sound strange, but to love others you need to love yourself first.  Sometimes that means accepting who you are today and dedicating yourself to small changes that make life better! Start by finding good role models for caring people and try to be more like them.


"Note that it isn't always clear that ""turning it all into an annuity"" is the right answer. Annuities are essentially insurance policies -- you're paying them a share of your income to guarantee a specific payout. If you outlive the actuarial tables, that may be a win. If the market crashes, that may be a win. But I'm increasingly hearing the advice that staying in investments (albeit in a very conservative position) may pay better longer. There are tools which will do monte-carlo modelling based on what the market has done in the past. You give them  your estimate of how much in today's dollars would be needed to ""maintain your lifestyle"", and they'll tell you how much savings you need -- and what form you might want to keep those savings in -- to have good odds of being able to live entirely off the earnings and never touch the capital My employer makes such a tool available to us, and in fact Quicken has a simpler version built into it; it's nice that the two agree."


Ok thanks for this. I am curious, how would they know its facebook that is directing these increased sales. If it's TV or radio, you can tell by increased revenues from increased spots. But for a facebook ad or a google ad, unless this is the only form of marketing, how are you sure (unless again you can ask, did you hear from us by google or fb) its from one of these websites. My thinking was for a physical product when i made this comment.


>if they got paid for the household chores and family care they provide, it would add an additional $10 trillion to the global economy.  This wouldn't add anything to the global economy; the value is already there.  It would just artificially inflate gdp/gwp measures from them paying themselves instead of being a representation of value created through trade.  If I invoiced myself for my household chores, and then had my first bank ACH my other bank account for the invoice; I haven't created anything in value that's not already there.


>*The seasonally-adjusted price index for meats, poultry, fish, and eggs also hit an all-time high in July, according to BLS.*  >*In January 1967, when the BLS started tracking this measure, the index for meats, poultry, fish, and eggs was 38.1. As of last July, it was 236.147. By this January, it hit 240.006. By June, it hit 253.318. And, in July, it climbed to a record 254.174.*  >*“The food index rose 0.4 percent in July, its fifth increase at least that large in the last 6 months,” states the BLS. “The index for meats, poultry, fish, and eggs has increased 7.6 percent over the [last 12 months] and the index for dairy and related products has risen 4.3 percent.”*  Cross-post from /r/MAConservative


I am currently a non-voluntary member of four different retirement plans in two different countries. There are a few aspects to this (Caveat: this may be different for each country and change over time) I would consider the following strategy


Without knowing your credit situation or your full budget it's a little difficult, but i'd go with the snowball method for now: It may seem like not a big deal to have this kind of debt but you really should be looking at it as if your walking around with your hair on fire.  It's a HUGE emergency. Debt, especially looming CC debt with high rates, can make things worse (think water on grease fire) really quickly so the faster you get rid of it the better.  Good luck!


"Most personal liability umbrella policy issuers will not sell you a policy unless you have the maximum possible coverage on the underlying policies.  Underlying policies include You have to have each one of the above that applies to you and have all their liability line items completely maxed out before you qualify for umbrella. Note: The above was my experience with State Farm in Illinois and also what was told to me by a ""high-priced"" personal liability lawyer, but may not apply to all states or all situations."


Streaming ESPN does not have good revenue potential. I remember a report that they would need to charge $30+/month to replace the revenue cable subs provide. It might plug a hole, but ESPNs revenues are still the only thing that matters for Disney.


"This article has a section titled ""Do you need an umbrella policy to cover your personal liability risks?"" that says: If you have young children, for example, you might need a policy   because they have lots of friends. These little tikes might get into   some mischief and hurt themselves at your home. If so, you’re at risk   of being sued. Do you have people over often? Do you drive like a maniac or a   Parisian? Do you have firearms on your premises? Do you have gardeners   and housekeepers on the grounds? All these are reasons why you might   want to own an umbrella policy. Although many people in the US are homeowners, parents, drivers, etc., not everyone falls into these categories. For some people, as low as the premiums for such a policy might be,  the expected cost outweighs the expected benefit. The cost of a lawsuit may be extremely high, but someone may feel that the chance of a lawsuit being filed against them is low enough to be safely ignored and not worth insuring against. I'm probably not a great example, but I'll use my own situation anyway. Even though a liability policy probably wouldn't cost me too much, I'm almost certain that I wouldn't derive any benefit from it. I live alone without children (or firearms, pet tigers, gardeners, etc.) in a 520 sq. ft. apartment, so the probability that something bad would happen to someone on the small bit of property that I rent and that they would file a sizable lawsuit against me is small enough that I choose to ignore it."


"So I see that you replied again despite ""I am done with you!"". Thanks. We will resolve this debate one day.  > When you say something is ""maybe"" it is factual but when I say something is ""maybe"" it's fiction. I had assumed something else.  You really try very hard to not understand simple things... and it seems that you succeed in that.  Again: my ""maybe"" is about how Trump will reduce drug prices as he said and says he would. Your ""maybe""(s) are about how Trump does not want and will not reduce drug prices despite him saying he would. So you have a ""maybe"" facts that Trump will not reduce drug prices, while I have a maybe on how he would do it.   Any additional questions, objections, or ""misunderstanding"" on your side in regards to this subject?   > I did give you a ""possibility"" which is a ""maybe"" so that means I am wrong and global warming is no risk at all. Yes, what you say is starting to make sense.  If there are clear proofs that Global Warming (very slight rise in temperature) is or will cause ""instability"" or ""expenses"", then I can't argue back.  So all you can come up with are ""possibilities"" and more ""maybe""(s) to tell us about ""instabilities"" and ""expenses"". And you think this will convince anyone, except members of the Church of Climatology?   For God sake, I even asks for specifics and you did not (and cannot) name any! Will we have wars? Will we have diseases and plagues? Will we have hunger?   Of course not! Wars will not start because it's slightly more hot. Disease will not spread because it's a bit more hot. Hunger will not occur because warmer weather and more rain is just even more food.  What on earth are you talking about? What are the terrible things that will happen if it's a bit hotter?   Are you going to be Al Gore, again, who in his An Inconvenient Truth truth movie in 2006 predicted there will be no more glaciers and other catastrophes? Well, An Inconvenient Truth the Sequel will come out and, sorry, we have glaciers and nothing(!) from the first movie became true. Nothing!!!! I loved how he said in the first movie ""Stronger storms will kill and destroy"". The last few years had less storms than ever.  >> How could a person like you, who seek truth, vote for democrats?  > It can only be because I have serious mental health problems. There is no other explanation.  Yes, I believe you.  Blind belief in a religion (far left Liberalism and/or Climatology) make any person blind to truth, logic, facts and even moderate views.  >> ...you are trying to convince me that Russia knew he [Trump] would win [the GOP debate against 13 others] and colluded with him between July until the elections November to make him win?  > That is totally it! I am so impressed that even though I never mentioned Russia at all you were able to see through my facade an pinpoint my actual goal in this discussion.  Yes, you did not mention ""Russians!"" but, you see? I easily figure out people like you.  You actually also believe that ""Russians!"" are responsible for Trump in addition to all the terrible things you believe about Trump.   But, the DNC and Hillary, oh no, they are fine (despite Hillary selling and getting commision for selling 20% of USA Uranium to Russia, making $500,000 for a speech to Russian bankers, etc).  **So, I will not stop and demand, if you can, to tell me about one ACTION by Trump you oppose to.**  **Also, tell me why I it would be better if voted Hillary/DNC? What would they do better for us that Trump does not do?**"


"I hope I'm misunderstanding your plan... you want to invest in a way that will make SO MUCH that you pay back all of the loan payments with investment gains? Like the answer I gave on the preceding question, and like @littleadv's comment/mhoran's answers... don't do this. No good will come of it.  This strategy requires higher returns, but does not necessarily give you a better return.   But because you asked the question again, let me specify what you're missing... I do think that learning is a good thing. It boils down to two very significant problems that you haven't addressed:  (1) Where are you getting your monthly ""income"" from?  (2) Realistic vs. Daydreaming--How big do any gains have to be and does that exist in the real world in a way that you can capture?  In a nutshell, if my answer to the last question showed that it's crazy to invest and pay back out of your capital and income... since you're trying to keep your capital and only pay back with monthly gains, this one will require even higher and thus more unrealistic gains.  The model you're implying:  If that's what you mean with this model, (which I think you do), then here are my two very key questions again: How are you getting your monthly income? Financial investments (i.e. stocks or bonds) will have two components of value. One component of value is the stream of payments, such as a monthly dividend from stocks that pay those, or the interest payment from a bond. The other is the ability to resell a security to another investor, receiving back your capital.  So... you either have to find Bonds//Dividend stocks that pay >52% returns tax-free each year, and pay this loan off with the payments. (Or higher returns to cover taxes, but these kinds of investments do not exist for you.)  OR you can try to invest in something, pray that it goes up ≥4.323% per month and so that you can sell it, pay back your loan payment with the proceeds, and use the capital to buy your next investment... that will go up 4.323% per month, to turn and sell it again.  The pros that do model this type of speculation go into much more depth than you are capable of. They build models that incorporate probabilities for rates of return based on historical data. They have better information, and have specialized in calculating this all out. They even have access to better investment opportunities (like pre-IPO Twitter or private notes). You just won't find the opportunities to make this happen, each month, for 24 months. (Again, you won't find them. They do not exist for you in as an investor in securities) Realistic vs. Daydreaming So... clearly I hope that by now I have convinced you that these would be the required returns. They simply aren't available to you. If they were, you would still run into obstacles with converting 'book' returns into physical money that you could repay the loans with, and then continuing that growth.  And while I appreciate the notion that 'if I could just make the payments each month, I'd have $10,000 after 24 months!' I guarantee you that you'll be better off finding another way to target that same investment.  Along the lines of what mhoran said, if you aim for a basic 401K or other similar investment account and target it into the S&P500, you might see returns of anywhere from -25% to +25% over the next 24 months... but if things went like they tend to average for the S&P500, it's more like ~7% annually. Check out a ""savings target calculator"" like this one from Bankrate.com and put in the numbers... if you can save about $390 a month you'll be at $10K in 24 months. It's not as fun as the other, but you can actually expect to achieve that.  You will not find consistent >50% returns on your money annually."


"•Have you had any problems with bills not being paid? NO •If you had issues, were they addressed satisfactorily? Answer: A big issue that blindsided me:  With my bank, the funds come out of my account right away, but the actual payment is done through a third-party service. On my bank's online site it appears that the payment has been made, but that does not necessarily mean that the intended recipient has cashed it.  Looking online at my credit union's site is useless, because all I can tell is that the payment has been sent. The only way to verify payment is to contact the intended recipient.  Or I may telephone the online bill pay representative at my bank/credit union, who has access to the third party service. If I do nothing, after 90 days, the check is void, at which time the third party service notifies the bank/credit union and the funds will eventually end up back in my account.  I learned this today, after a third-party paper check to a health care provider was returned to me via mail by the recipient (because insurance had already paid and I did not owe them anything). The money was in the hands of the third-party service, not in my account, nor that of my credit union nor the recipient. At first my credit union told me that I would have to contact the third-party service myself and work it out. I said ""NO WAY"" and the credit union did get the money back into account the same day. This is a sweet deal for the third party, who has my money interest-free anywhere from a few days to three months. And risk-free as well, because the money goes directly from my account to the third party service."


If the company went bankrupt, the issued public shares that were outstanding at the time most likely were voided, in which case your shares are most definitely gone.  The company might have done a new stock issuance coming out of bankruptcy with a different symbol, and while it could be substantially the same company, it doesn't mean much for you.  It's unfortunate this may be the case, but it is one of the risks of investing.


"Great question. There are two ways to increase the amount of money you have: It's difficult to decrease your expenses past a certain point, and your question is focused on the first aspect anyway. But it's worth noting that controlling spending is a significant part of accumulating wealth. You need to make more money, and there's no trick to it. Ask for a raise, sure, that can't hurt. But also think about what you need to do to get a higher-paying job. There's a lot to think about: Does you current job have growth potential? Are you doing everything you can do to maximize that potential? If you're just phoning it in and collecting your paycheck, that's not going to make you much more money. But if you're working hard, learning new skills, and have an opportunity to grow into more responsibilities and more money, that's a good start. In my experience, the biggest paycheck increases have come from looking for new opportunities and switching jobs. (BTW, I'm not suggesting quitting your job. You need to always have the new job locked up before quitting the old job!) The wealthiest people I know are self-employed, and they worked hard to build up their companies. Do you work in an industry where you can build your skills to a point where you can go out on your own? Does entrepreneurship interest you? Either way, focus on your job, skills, and maximizing your income potential. Be your own advocate. Make sure your boss knows what a good job you're doing. If you need to start looking for other options, take your time and start looking. The often-quoted line, ""the harder I work, the luckier I get"" is appropriate."


Completely serious question, I've seen a lot of horror stories of people graduating with useless degrees and six digits of debt- I won't have debt, but I don't want to have a useless degree. Now, I'm not going to drop out or anything, but I want to know what my prospects are.


Capitalism != The Stock Market.    The market is just part of the economy.  Paul Singer could try making money the old fashioned way - by building a widget factory and selling widgets, or offering some other compelling service that customers want.    Plenty of capitalism to go around.


Data is the future, the more data you obtain, the more accurate your predictions. The more accurate your predictions, the more data you can obtain. Data is the fuel to business strategies and they have plenty of data they are currently organizing. There is a reason why they hire more top tier MBA students than any other company.


I'm wearing shorts I bought online. Levi's. Amazon offers free returns so I bought two sizes and picked what fit me best. I don't buy them all online but I do things like jeans from a specific brand where I know the sizing well. A lot of places offer free returns now. Otherwise I might take a gamble on a shirt fitting, or check out what blank it's printed on to see if I know it already. Just bought a shirt yesterday that I knew was printed on an American apparel 50/50 blank so I knew what size I need as I have ten shirts printed on that blank already.   Still need to go into a store for a lot of things though


As generic as he was really what the hell else are you gonna say? I mean it'd help you stick out if you said something different but you could also come off as fake as shit if you do. We all know you're here for the money and that's why you work these stupid hours almost killing yourself.


"It's like yelp has and has marketing value for some businesses.  Business isn't one size fits all.  If a customer asks ""What's your BBB rating"" then it has merit.  You don't' want to insult the customer and have to educate them especially if they're older.  That being said, being part of a Chamber or Rotary has value for some select businesses too but not all.  Some people put weight in JD Power ratings.  Those are worthless too but guess what, it's still a great marketing badge so it has value."


>when he's already admitted that he has all the money he'll ever need  Sounds like he should sell or close the company.  >and what he's doing now is fear mongering his own employees so that he doesn't have to pay slightly higher taxes  See I can already shoot down your explanation, because it's not just higher taxes, its increased business tax liability, increased business insurance liability. All of which deincentivize not incentivize.  If you started out making 80% of a billion dollar gross profit, then 70% , then 60%, then 50%, then 40% and with proposed changes to liability you're now looking at 30% of a billion. How long would you continue? The guy is 70+ years. He probably continues because it is his passion. But at what point is the stress and return on his time and input not worth it? That's the topic. Not greed. Is it greedy that whether he made 80% or even only 10% of a billion? You may say yes, but as a decision maker he must constantly weigh whether or not it is worth it.   >He didn't get successful in a vacuum, he got successful in a system which helped fund his success because 42 years ago the people who were where he is today were taxed more so he could get where he is today. But his opinions aren't what I'm mad about, I'm mad because he is greedy and a bully and a liar and a hypocrite of almost incomprehensible proportions.   Obama said he didnt build it, but he'll damn well close or sell the company if he wants. Rhetoric is cute until thousands of employees are out of jobs because the owner didn't feel it was worth it to continue the business.


Flash Boys was kind of full of shit, though. And it was basically an ad for another guy trying to make it with his exchange.  Canada is actually heating up from an algo/HFT perspective. Does that affect you at all? I'm seeing a lot more of this type of activity and the lack of dark pools creates for an interesting environment.  I always look forward to RBC's coverage on the topic, given the general lack of info.


"how do I decide which model to purchase so that I get maximum amount of utility considering how much money I would have to pay?"" You should have a fixed budget for buying a TV, based on a small portion of your available cash, and not spend more."


There is no reason you must buy the bank's printed check. There are many places both physical stores and on line the offer check printing.  From what I've seen, the requirement is the use of a magnetic ink the bank's equipment can properly scan. I may not even be correct there if they've all gone fully optical. The checks you buy on line are a fraction of the cost the bank would charge you.  Edit - On searching, I find VistaPrint offers free checks. I've not ordered checks from them, but I suspect free orders require you pay shipping. I've used VistaPrint for business cards, promotional items, and holiday cards. I can say, I've been pleased with their quality.  Update - The free checks from VistaPrint are no longer available.


"I've had a mortgage changing hands with mid size companies for many years with no problems.  I've handled many complex financial and technical transactions with multiple parties with no problems over the course decades. Then, after my last refinance, my mortgage fell into the hands of JP Morgan Chase. The bank sent one letter to let me know of the transfer, and in the next week they sent my loan to collections for what I later found to be Chase's process error in the transfer.   For the next three months, I ended up in customer service hell as one Chase group threatened to foreclose on my house while another group told me to ignore the imminent foreclosure notices. One started to ""investigate"" the transfer while the collections group tried to make me pay my mortgage payment twice.  The mess only ended up being taken care of after I tracked down the old owner of my loan and had them refund the ""lost"" payment directly to me - normally they would have sent it to the company buying the loan, but could not get Chase to accept the payment. Then I paid Chase that exact same mortgage payment.    All the time the Chase internal investigations and collections department were completely incapable of a simple call to previous holder of the loan. A company handling millions of mortgage transactions is somehow incapable of handling a minor glitch in a mortgage transfer? It's either utter incompetence or total malice in picking up extra penalty fees or maybe an occasional forclosure if homeowners didn't say on top of the details. This is what we used our collective tax dollars to bail out."


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It isn’t that the starving man doesn’t have money, it is that he doesn’t have access to eggs!  He is on the same indifference curve due to finances as the wealthy man.  What has made you assume a difference of financial ability, when I already said there were none?  Were he in an area of abundant resources, which you seem to assume in your counter-arguments, then he would be willing to pay for lower quality, for the lower prices those lower quality are offered at, because he need not mention his plight.  I’m not that thinking the world as it should be.  I am thinking of human nature as we have observed, not financial nature.  Because humans create the financial systems.  The financial systems do not create human nature.  Financial systems DO influence human nature.


"I found an answer by Peter Selinger, in two articles, Tutorial on multiple currency accounting (June 2005, Jan 2011) and the accompanying Multiple currency accounting in GnuCash (June 2005, Feb 2007). Selinger embraces the currency neutrality I'm after. His method uses ""[a]n account that is denominated as a difference of multiple currencies... known as a currency trading account."" Currency trading accounts show the gain or loss based on exchange rates at any moment.  Apparently GnuCash 2.3.9 added support for multi-currency accounting. I haven't tried this myself. This feature is not enabled by default, and must be turned on explicity. To do so, check ""Use Trading Accounts"" under File -> Properties -> Accounts. This must be done on a per-file basis. Thanks to Mike Alexander, who implemented this feature in 2007, and worked for over 3 years to convince the GnuCash developers to include it. Older versions of GnuCash, such as 1.8.11, apparently had a feature called ""Currency Trading Accounts"", but they behaved differently than Selinger's method."


That stock appreciation came entirely from Alibaba's growth and had nothing to do with Mayer's moves.  Mayer spent billions on failed acquisitions of startups and never capitalized on any of them. Yahoo would have been better off shutting down the day she became CEO and becoming a holding company.


Moody's came out with an analysis today saying the requirement could be slightly good for for-profit hospitals (Bad-debt charges will decline. The expansion of healthcare coverage under the law will lessen for-profit hospital operators’ exposure to bad debts, which in turn will improve margins and cash flow. However, we expect that the growth rate of Medicare reimbursements will also slow down, offsetting the benefit of lower bad-debt expense and making the overall credit impact of the ruling neutral to slightly positive), negative for pharmaceutical cos. (Pharmaceutical companies will continue to pay for the full adoption of the Affordable Care Act in the form of higher rebates to the government for Medicaid drug costs, discounts to seniors covered under Medicare Part D drug plans and a new industry fee) and slightly negative for medical device firms (Beginning Jan. 1, 2013, US medical-device product sales will be subject to a 2.3% excise tax; the excise tax will be tax-deductible, resulting in an estimated effective tax rate of 1.5% on US device revenues).


In all honesty, the best solution I've come across is Microsoft's now defunct Money.


What keshlam said is correct. In bookkeeping terms, what you are doing is transferring value from some kind of cash account (which may in turn be backed by a loan) to an asset. Effectively, you are exchanging one asset for another. That asset you are exchanging to is the land that you are buying, which has some value, and which should end up on the asset side of your balance sheet. Unfortunately, particularly with fixed assets where no two ones are alike, such as land, it's often very hard to know the exact value unless and until you sell it. An appraiser can get you an estimate, but only sealing a deal with an actual buyer can get you an exact value, and at that point, the asset is no longer yours.


The real problem is people have a problem with people who try to improve themselves, eat healthy and object to obvious bullshit shill science that says holding a microwave emitter up to your skull is perfectly safe.   Yet somehow Apple recommends that you [don't hold their phone up to your head anyway.](http://www.idownloadblog.com/2011/03/07/dont-hold-your-iphone-too-close-to-your-head-apple-says-so/)


>Falls Church VA   Falls Church is an independent city. It has no county to levy taxes.  The FY2017 budget shows a 1% city and 4% restaurant tax. Then you've got 4.3% VA state tax, and 0.7% Northern Virginia regional tax.  Totaling 10%.


You are giving poor and uneducated people a lot more agency than they really have.    Our system could do a better job of supporting and educating disadvantaged communities, but such communities are much easier to exploit when they are poor and ignorant so that is how they remain.    Also teen pregnancy are at historical lows right now so to the degree the specific problem you highlight is a factor it should be less of a factor than at any point in the past few decades.      Source: http://www.newsmax.com/Health/Health-News/teen-pregnancy-rates-down/2017/06/22/id/797590/


If you're waiting for Apple to send you a 1099 for the 2008 tax season, well, you shouldn't be. App Store payments are not reported to the IRS and you will not be receiving a 1099 in the mail from anyone. App Store payments are treated as sales commissions rather than royalties, according to the iTunes Royalty department of Apple. You are responsible for reporting your earnings and filing your own payments for any sums you have earned from App Store.   – https://arstechnica.com/apple/2009/01/app-store-lessons-taxes-and-app-store-earnings The closest thing to sales commissions in WA state seems to be Service and Other Activities described at  http://dor.wa.gov/content/FileAndPayTaxes/BeforeIFile/Def_TxClassBandO.aspx#0004. When you dig a little deeper into the tax code, WAC 458-20-224 (Service and other business activities) includes: (4) Persons engaged in any business activity, other than or in addition to those for which a specific rate is provided in chapter 82.04 RCW, are taxable under the service and other business activities classification upon gross income from such business.   - http://apps.leg.wa.gov/wac/default.aspx?cite=458-20-224 I am not a lawyer or accountant, so caveat emptor.


This seems very suspicious, as if it were fraud, and not a legitimate collector.  Garnishing wages takes a court order. A court would require a bit more proof than a name. Names can easily be common, I know sets of first cousins named after the common grandparent, 4 pairs in my extended family, along with 2 triples. The court would certainly look for a social security number match. Your own credit history will show no activity in that state.  A legitimate debt collector would handle this very differently.


I wrote a simple monopoly simulation a few years back. The simulation handicapped one player for a set number of turns and then released the handicap eventually. Long story short, the initially handicapped player almost never recovered except when I handocapped the other players, bonussed the initially handicapped player and they had lucky turns. I ran this simulation tens of thousands of times.  The reality is that there is a strong deterministic element to social and economic structures from generation to generation which require exceptional policy interventions or extraordinary players/people to overcome.


What is not permitted in Islam is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. Originally, usury meant interest of any kind. A loan may be considered usurious because of excessive or abusive interest rates or other factors. But In case of financial markets, people borrow money to make money and both parties benefits, and no one is taking advantage of the other. I may be wrong in interpreting this way, God knows the best.


"Usually it makes sense to invest in individual companies when you're investing in a ""hot"" sector. Secular funds have their own risks that can be difficult to measure. First Solar is one of the premier PV players. The fund gives you a false sense of diversification. If you bought a mutual fund in 2000 in the computer space, you'd have pieces of HP, Dell, Apple, IBM, EMC, Cisco, Intel etc. Did the sector perform the same as the companies in it? Nooo. As for renewable energy, IMO that ship has sailed for the ""pure play"" renewable stocks. I'd look at undervalued companies with exposure to renewables that haven't been hyped up. (or included in a sector mutual fund) Examples for this area?  The problem with this sector is that the industry is dependent on government subsidies, and the state of government budgets make that a risky play. Proceed with caution!"


Yes, but should you be even trying to get a mortgage if you can't aford at least a 5% deposit? Prove you do want the house by doing without a new car for a few years...


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1) The easy way is to find a job and they will assign you an SSN.  2) Here's the hard way.  If you're Canadian, open a TD Boarderless account in the U.S.  Put a small investment into any investment that would generate some type of income, such as capital gain, dividends, interest and etc...  Then you will need to file a US tax return to declare your income if you receive U.S. tax slips (although you're likely below the min filing requirement) at year end.  To file a U.S. tax return, you may  need what's called an ITIN or individual tax id number.  With the ITIN, you can get credit from the US TD boarderless account (only).  Consider getting a prepaid US credit card with the TD account to futher build credit at that specific bank.  It's not much credit, but you do start with creating a history.


I'll point out that you don't actually have to pay your income taxes on time, just make sure to file on time.  You will be charged interest (currently 5% ann., compounded daily).  This is no big deal, I know plenty of people who do this. Note that if they pay you interest you have to report it on your taxes, but if you pay them it's not deductible.


"This functionality is widely available, not only on brokerage sites, but also financial management and even financial information sites.  For instance, two of the latter are Google Finance and Yahoo Finance.  If you are logged in, they let you create ""portfolios"" listing your stocks and, optionally, the size of your holdings in that stock (which you don't need if you are just ""watching"" a stock).  Then you can visit the site at any time and see the current valuations."


[Image](https://imgs.xkcd.com/comics/physicists.png)  [Mobile](https://m.xkcd.com/793/)  **Title:** Physicists  **Title-text:** If you need some help with the math, let me know, but that should be enough to get you started\! Huh? No, I don't need to read your thesis, I can imagine roughly what it says\.  [Comic Explanation](https://www.explainxkcd.com/wiki/index.php/793#Explanation)  **Stats:** This comic has been referenced 236 times, representing 0.1464% of referenced xkcds.  --- ^[xkcd.com](https://www.xkcd.com) ^| ^[xkcd sub](https://www.reddit.com/r/xkcd/) ^| ^[Problems/Bugs?](https://www.reddit.com/r/xkcd_transcriber/) ^| ^[Statistics](http://xkcdref.info/statistics/) ^| ^[Stop Replying](https://reddit.com/message/compose/?to=xkcd_transcriber&subject=ignore%20me&message=ignore%20me) ^| ^[Delete](https://reddit.com/message/compose/?to=xkcd_transcriber&subject=delete&message=delete%20t1_dja0gkv)


Nope, think what a nightmare that would be, a bunch of shares would be issued and then sold to tonnes of people, who might sell various partial numbers of them to others, who might buy them and others from 20 others all as part of one order though multiple fills... It would be nuts, and if one were to issue a certificate with the IDs of shares that were carried through such a process the likelihood is the fragmentation would be so great that 100K shares would have consist of almost as many fragments! Imagine a share certificate with 70K IDs/ranges? Yikes!


"As a former regional airline pilot, I don't know of any commerical airliners that takeoff automatically.  Although, it's something that I'm sure could be implemented pretty easily.  However, autoland is a feature used very frequently on many commercial aircraft.  As the top-voted comment said, ""not in your lifetime."""


"> We've been deficit spending for generations and we're trillions in the hole, and that's the psychological issue hanging over our heads.  Let's unpack that a bit. What does ""trillions in the hole"" actually mean for the *issuer* of the dollar? It means that the issuer at various points has to redeem its own interest-bearing dollars (treasuries) for its own non-interest bearing dollars (reserves/notes/coins). That's not a hole. That's moving a balance from the savings account to the checking account at the same bank.  You don't think of your savings account balance as the bank being ""in the hole"" for checking account balances. You implicitly understand that the bank simply marks down the number in one account and marks up the number in the other and you don't fret that the bank might ""run out"" of checking account balances.  Treasuries have this same relationship to reserves. Not similar, not analogous to but the same. Treasury securities are literally interest-bearing accounts at the federal reserve. Reserves are literally demand accounts at the federal reserve. When a treasury matures, a treasury securities account is marked down, a reserve account is marked up. When a treasury is issued, a treasury securities account is marked up and a reserve account is marked down.  What you're thinking of as trillions ""in the hole"" is just trillions in a savings account balance.  That's what it means to have ""debt"" in a currency that you are the *issuer* of and why foreign-denominated debt is fundamentally different.  >so we can design a system that will keep inflation low while we dump money into the economy  We already have that. There's no inflation monster under the bed. If there's an inflation problem it's that we're so paranoid about it we're not putting *enough* money into the economy and so inflicting unnecessary misery on ourselves.  > the issue in my mind with dumping money while the debt situation is such a concern, is that speculators could sh*t the bed and devalue our currency  There's nothing a speculator can do vs a sovereign currency that the issuing central bank can't offset. So if you are a sovereign and the issuing central bank is within and beneath your authority, you have the last word and there's no such thing as bond vigilantes.  In contrast, if you take on sovereign obligations denominated in currencies where the issuing central bank sits outside your authority as is the case when you borrow/peg to foreign currency or enter a monetary union like the euro, you become just another currency user. Here, your government actually is kinda like a household and can go broke *in that foreign currency*.  Consider how that perspective sheds light on the ""mystery"" of why some countries actually experience a debt crisis and others don't. Why contrary to all the scaremongering, someplace like Japan for example can have 200% debt:GDP *and* near zero interest rates *and* no sovereign debt crisis. It's because Japan issues the yen, *sets* the interest rate on the yen and can't run out of yen.  People who don't understand this are what gave the [widowmaker](http://www.businessinsider.com/hedge-funds-feeling-confident-about-the-widowmaker-trade-in-japan-2012-12) its name. :) Time after time they line up to place bets on japanese government bond crisis, they're always wrong and always will be."


"For starters, the risk-free rate has nothing to do with stocks.  It would be independent of anything.  It pays out the same return in all states of nature.  The definition of a risk-free asset is that regardless of how the universe turns out, including a meteor striking the Earth killing everyone but the recipient, then the payout would happen exactly as planned.  One could imagine a computer still being on, connected to a power supply and printing a check.  Most people use the 90-day t-bill as the risk-free rate.  A beta greater than one implies it is more volatile than the market, not that it moves more perfectly. The CAPM should not be used for this.  Cryptocurrencies should not be used with this model because they have valuation dynamics related to the new issue of coins.  In other words, they have non-market price movements as well as market price movements. In general, you should not use the CAPM because it doesn't work empirically.  It is famous, but it is also wrong.  A scientific hypothesis that is not supported by the data is a bad idea.  My strong recommendation is that you read ""The Intelligent Investor,"" by Benjamin Graham.  It was last published in 1972, and it is still being printed.  I believe Warren Buffett wrote the current forward for it.  Always go where the data supports you and never anywhere else, no matter how elegant. Finally, unless you are doing this like a trip to Vegas, for fun and willing to take the losses, I would avoid cryptocurrencies because you don't know what you are doing yet.  It is obvious from the posting.  I have multiple decades working in every type of financial institution and at every level, bottom to top.  I also have a doctorate, and I am an incredible researcher.  I am professionally qualified in three different disciplines. If you want to learn how to do this, start with the ""Intelligent Investor.""  Get a basic book on accounting and learn basic accounting.  Pick up economics textbooks at least through ""Intermediate"" for both microeconomics and macroeconomics.  Get William Bolstad's book ""Introduction to Bayesian Statistics.""  You will need them for reasons that go very far beyond this post.  Trust me; you want to master that book.  Find a statistician and ask them to teach it to you as a special topics course.  It will help you as both either a Marine officer or a Naval officer.  Then after that pick up a copy of ""Security Analysis.""  Either the 1943 copy (yes it is in print) by Benjamin Graham if you feel good about accounting, or the 1987 copy by Cottle under the Graham/Dodd imprimatur.  Then, if you are still interested in cryptocurrencies and they will be blasé by then, then pick up an economics textbook on money.  If I were you, I would learn about Yap money, commodity money, and prison money first, then you might understand why a cryptocurrency may not be an investment for you."


"Instead of using the actual index, use a mutual fund as a proxy for the index. Mutual funds will include dividend income, and usually report data on the value of a ""hypothetical $10,000 investment"" over the life of the fund. If you take those dollar values and normalize them, you should get what you want. There are so many different factors that feed into general trends that it will be difficult to draw conclusions from this sort of data. Things like news flow, earnings reporting periods, business cycles, geopolitical activity, etc all affect the various sectors of the economy differently."


Most readers probably know that an acronym is an invented word made up   of the initial letters or syllables of other words, like NASA or NATO.   Fewer probably know that an initialism is a type of acronym that   cannot be pronounced as a word, but must be read letter-by-letter,   like FBI or UCLA. A quote from Daily Writing Tips. CAGR is an initialism, and should not be pronounced.


The new generation is all busy in themselves and their work making it really hard for them to communicate with their family members or friends. The divorce rate is today’s generation is quite high and one of the major reasons of the same is two people not giving time to each other.


I'm having a difficult time understanding how Chevron is avoiding taxes through party related loans. From my understanding, Chevron is providing loans to its Australian subsidiary at interest rates higher than market benchmarks. Does this shift profits from Australia to the U.S. and how does it help Chevron avoid taxes even though the corporate tax rate is higher in the U.S. than in Australia? Wouln't they want to be taxed at the the lower tax rate in Australia than in the U.S.? The more description the better, thanks! Edit: I think I understand that Chevron is giving out large loans with high interest rates to its subsidiary in Australia and I think the Australian subsidiary is converting its revenues to pay back the loan thus looking like profit in the corporation's books in Delaware. How is the money to pay back interest being raised if not from revenue? And how is that revenue not being taxed?


"**Planned obsolescence**  Planned obsolescence, or built-in obsolescence, in industrial design and economics is a policy of planning or designing a product with an artificially limited useful life, so it will become obsolete (that is, unfashionable or no longer functional) after a certain period of time. The rationale behind the strategy is to generate long-term sales volume by reducing the time between repeat purchases (referred to as ""shortening the replacement cycle"").  Producers that pursue this strategy believe that the additional sales revenue it creates more than offsets the additional costs of research and development and opportunity costs of existing product line cannibalization. In a competitive industry, this is a risky strategy because when consumers catch on to this, they may decide to buy from competitors instead.  ***  **Artificial demand**  Artificial demand constitutes demand for something that, in the absence of exposure to the vehicle of creating demand, would not exist. It has controversial applications in microeconomics (pump and dump strategy) and advertising.  A demand is usually seen as artificial when it increases consumer utility very inefficiently; for example, a physician prescribing unnecessary surgeries would create artificial demand. Government spending with the primary purpose of providing jobs (rather than deliverying any other end product) has been labelled ""artificial demand"".  ***  **Artificial scarcity**  Artificial scarcity describes the scarcity of items even though either the technology and production, or sharing capacity exists to create a theoretically limitless abundance, as well as the use of laws to create scarcity where otherwise there wouldn't be. The most common causes are monopoly pricing structures, such as those enabled by laws that restrict competition or by high fixed costs in a particular marketplace. The inefficiency associated with artificial scarcity is formally known as a deadweight loss.  ***  **Perverse incentive**  A perverse incentive is an incentive that has an unintended and undesirable result which is contrary to the interests of the incentive makers. Perverse incentives are a type of negative unintended consequence or cobra effect.  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/business/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot)   ^] ^Downvote ^to ^remove ^| ^v0.27"


You would need to pay taxes in India on your salary. It is not relevant whether the funds are received as INR or GBP. The taxes would be as per normal tax brackets. Note that if your company is not deducting any taxes, you would need to keep paying Advance Taxes as per schedule, else there would be penalty. Depending on your contract with the UK Company, there are certain expenses you can claim. For example laptop / net connection / etc if these are not already reimbursed. Consult a CA and he would advise you more on any tax saving opportunity.


Genius?  Maybe if you have never traveled the [world](https://www.google.com/search?q=japanese+sink+over+toilet&client=opera&hs=EyV&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjI_PjghI_XAhXK-lQKHdmTCkgQ_AUICygC&biw=1920&bih=981).  This concept has been around forever.  While this is innovative in (slow traffic) homes, this doesn't work well on a urinal or in high traffic areas because now you have to provide soap per urinal and double the time at each urinal.


You typically need to specify that you want the GTC order to be working during the Extended hours session. I trade on TD Ameritrade's Thinkorswim platform, and you can select DAY, GTC, EXT or GTC_EXT. So in your case, you would select GTC_EXT.


Dude- my background is in banking specifically dealing with these scenarios. Take my advice-look for a balance transfer offer-credit card at 0%. Your cost of capital is your good credit, this is your leverage. Why pay 4.74% when you can pay 0%. Find a credit card company with a balance transfer option for 0%. Pay no interest, and own the car outright. Places to start; check the mail, or check your bank, or check local credit unions. Some credit unions are very relaxed for membership, and ask if they have zero percent balance transfers. Good Luck!


"I'll skip the ""authorizing...."" and go right to uses of new shares: Companies need stock as another liquid asset for a variety of purposes, and if not enough stock is available, then may be forced to the open market to acquire, either by exchanging cash or taking on debt to get the cash."


"Great post - awesome pictures, and I'd love to see some more photos from the markets near you.  Not too sure about the implication that ""you can make money if you know what you are doing with these counterfeit products..."""


Lots of places in the US do it.  Although the way that they usually phrase it is 'prices reflect a x.x% discount for cash' since most of the credit card companies have an agreement that says you cannot charge a surcharge if someone is using a credit card.  So they get around it by giving a discount for cash.   effect is the same, but it skirts the letter of the agreement


Fulfillment Services San Jose - We strive for accuracy, quality and quick turnaround time on all mail projects. With the ever changing Postal regulations, California Mailing is here to help you with your direct mail campaigns and insure that you receive all postage discounts available.


The Canadian bid is really good, I read parts of it.  It lays out why Canada is fundamentally better by having all the right things covered.  Basically the other areas are having to use tax breaks and incentives to make up for fundamentally bad business environments.  It opens with a letter from Justin Trudeau with “Dear Jeff”.


You generally need to use the prepaid debit card in the form it is received. Many don't allow you to remove the money from them at an ATM. If you can find out the prepaid debit card brand ahead of time, this would tell you whether or not it can be used at an ATM. For example, MoneyPass does allow ATM access for its prepaid debit cards. You could always try asking your employer to choose one that specifically allows for ATM access.  Source: https://www.nerdwallet.com/blog/banking/prepaid-debit-cards-what-you-should-know/


"Real estate is not a good investment.  In fact, it's easy to make a case for it being the worst possible investment imaginable: Imagine over a cup or coffee or a glass of wine we get to talking   about investments. Then maybe one of us, let’s say you, says: “Hey I’ve got an idea. We’re always talking about good investments.   What if we came up with the worst possible investment we can   construct? What might that look like?” Well, let’s see now (pulling out our lined yellow pad), let’s make a   list. To be really terrible: -- Why Your House Is A Terrible Investment There are plenty of good reasons to own a home, but the key word there is ""home"".  Owning housing as an investment property is a horrible idea, and anyone who does it, especially right now with as bubbly as the market is looking again, (or, better put, still, since the last bubble never did fully pop and clear out the underlying systemic instability,) is an idiot. And even after the current housing market bubble pops, it's likely to remain a bad idea for decades.  We're never getting the early 2000s back, for basic supply-and-demand reasons: with the Baby Boom generation retiring, aging and dying off, they're not likely to do much more home-buying, and no generation after them is as big as they are, which means a glut of oversupply and weak demand for the entirety of the foreseeable future."


"It's people like her that get upset that the Levi jeans in her hands are not marked down by the Lee jeans coupon and then gets into an argument with the cashier who eventually gets a manager involved to get an override because the ""customer's always right"". All while the other customers are waiting in line looking to the next closed register for a way out.  ""$300 for $30!"""


"As a former computer engineer turned Finance guy, I'll attest that Matlab (or even R) are immensely better analytic tools than Excel/VBA. Excel and VBA are ""good enough"" if all you're going to do is cookie-cutter DCF analysis (...lame), but if you want to do any advanced monte carlo simulations or something that requires more than a few dozen iterations, you're going to need a sturdy mathematical programming language. Excel is nothing but a kiddie toy compared to those. Additionally, everyone and their dog knows Excel and VBA, adding Matlab or R to your resume definitely boosts your appeal to employers.  I prefer Matlab, but R is free and open-source so it's much more widely available. They both have similar syntax."


For reporting to the IRS, every bank account has a primary tax ID number associated with it. When there are multiple joint owners, they  (the owners) usually pick a person at random to be the primary, unless there is a large amount of interest involved, in which case I would suggest consulting a tax attorney. As for the online banking, it depends on your institution's software. My institution allows every individual to have a separate ID; if this is important to you (and it would be to me), then look for another bank that offers it.


A gift between spouses has no tax implications.  If one spouse dies the inheritance tax is always zero no matter how much of the estate passes to the surviving spouse. Gift taxes are actually related to estate taxes, so a gift no matter how large never requires filing any tax forms or paying any taxes.


According to your post, you bought seven shares of VBR at $119.28 each on August 23rd.  You paid €711,35.  Now, on August 25th, VBR is worth $120.83.  So you have  But you want to know what you have in EUR, not USD.  So if I ask Google how much $845.81 is in EUR, it says €708,89.  That's even lower than what you're seeing.   It looks like USD has fallen in value relative to EUR.  So while the stock price has increased in dollar terms, it has fallen in euro terms.  As a result, the value that you would get in euros if you sold the stock has fallen from the price that you paid.   Another way of thinking about this is that your price per share was €101,72 and is now €101,33.  That's actually a small drop.   When you buy and sell in a different currency that you don't actually want, you add the currency risk to your normal risk.  Maybe that's what you want to do.  Or maybe you would be better off sticking to euro-denominated investments.   Usually you'd do dollar-denominated investments if some of your spending was in dollars.  Then if the dollar goes up relative to the euro, your investment goes up with it.  So you can cash out and make your purchases in dollars without adding extra money.   If you make all your purchases in euros, I would normally recommend that you stick to euro-denominated investments.  The underlying asset might be in the US, but your fund could still be in Europe and list in euros.   That's not to say that you can't buy dollar-denominated investments with euros.  Clearly you can.  It's just that it adds currency risk to the other risks of the investment.  Unless you deliberately want to bet that USD will rise relative to EUR, you might not want to do that.   Note that USD may rise over the weekend and put you back in the black.  For that matter, even if USD continues to fall relative to the EUR, the security might rise more than that.  I have no opinion on the value of VBR.  I don't actually know what that is, as it doesn't matter for the points I was making.  I'm not saying to sell it immediately.  I'm saying that you might prefer euro-denominated investments when you buy in the future.  Again, unless you are taking this particular risk deliberately.


"403b plans are used by school districts, colleges and universities, nonprofit hospitals, charitable foundations and the like for their employees while 401k plans are used by most everybody else. I would suspect that a school district etc can use a 401k plan instead of a 403b plan if it chooses to do so, but the reverse direction is most likely forbidden: a (for-profit) company cannot use a 403b plan. One difference between a 403b plan and a 401k plan is that the employer can choose to offer, and the employee can choose to purchase, stock in the company inside the 401k plan. This option obviously is not available to charities etc. which don't issue stock. Your comment that the 403b plan invests solely in (variable) annuities suggests that the plan administrator is an insurance company  and that the employer is moving to more ""modern"" version that allows investments in mutual funds and the like. Forty years ago, my 403b plan was like that; the only investment choice was an annuity, but some time in the 1980s, the investment choices were broadened to include mutual funds (possibly because the 1986 Tax Reform Act changed the rules governing 403b plans).  So, are you sure that your employer is changing from a 403b plan to a 401k plan, or is it just a change of 403b plan administrator from the insurance company to another administrator who offers investment choices other than an annuity? Note, of course, that insurance companies have changed their options too. For example, TIAA (the Teachers' Insurance and Annuity Association) which was the 403b plan administrator for many schools and colleges became TIAA/CREF (College Retirement Equities Fund) where the CREF mutual funds actually were pretty good investments."


An oxymoron is something that contradicts itself. Inside trading is sharing information that isn't public. How the fuck do you think these hedge funds and investment banks can offer almost 50% returns during these times in our economy??? Oh yea it's called inside trading. Reason why it's an oxymoron is because trading information is considered ilegal yet that what everyone does on the market, rules are made to give off fear but past that it's all open roads and deep pockets.    And if you really don't believe that stock market isn't rigged then there is no reason for me to explain myself on that because it would be like taking to a wall. And I thank you for being one of those people that thinks it's not rigged because you help my portfolio look good from your dumb investments.


"This sound like a very bad idea. If you invest exclusively in silver, your investment is not diversified in any way. This is what I would call risky. Have a look at index funds and ETFs and build a diversified portfolio. It does not take much time, and you don't need to let it do by someone else. They are risky too, but I see ""silver only"" as much riskier. You reduce the risk by holding on to the funds for a long time."


I don't like paying the percentage on the supermarket coin counters, and don't feel like buying a coin counter so I have my own solution. I keep higher value coins for vending machines, parking meters etc, and lower value coins I put in charity boxes.


A couple of thoughts from someone who's kind of been there... Is the business viable at all? A lot of people do miss the jumping-off point where the should stop throwing good money after bad and just pull the plug on the business. If the business is not that viable, then selling it might not be an option. If the business is still viable (and I'd get advice from a good accountant on this) then I'd be tempted to try and pull through to until I'd get a good offer for the business. Don't just try to sell it for any price because times are bad if it's self-sustaining and hopefully makes a little profit. I does sound like their business is on the up again and if that's a trend and not a fluke, IMHO pouring more energy into (not money) would be the way to go. Don't make the mistake of buying high and selling low, so to speak. I'm also a little confused re their house - do they own it or do they still owe money on it? If they owe money on it, how are they making their payments? If they close the business, do they have enough income to make the payments still? Before they find another job, even if it's just a part-time job? As to paying off their debts or at least helping with paying them off, I'd only do that if I was in a financial position to gift them the money; anything else is going to wreak havoc with the family dynamics (including co-signing debt for them) and everybody will wish they didn't go there. Ask me how I know. Re debt consolidation, I don't think it's going to do much for them, apart from costing them more money for something they could do themselves. Bankruptcy - well, are they bankrupt or are they looking for the get-out-of-debt-free card? Sorry to be so blunt, but if they're so deep in the hole that they truly have no chance whatsoever to pay off their debt ever, then they're bankrupt. From what you're saying they're able to make the minimum payments they're not really what I'd consider bankrupt... Are your parents on a budget? As duffbeer703 said, depending on how much money the business is making they should be able to pay off the debt within a reasonable amount of time (which again doesn't make them bankrupt).


My understanding it that the signature requirement is at the retailer's discretion. If the merchant decides to require a signature it protects them against fraudulent charge-back claims, but increases their administrative costs. In some situations it just isn't practical for a retailer to require a signature. Consider for example mail-order or online purchases, which I've never had to sign a credit card slip for.


I'm curious what the number is when you factor in the stress and lost time doing things you would enjoy rather than laundry, cleaning and driving around. Considering the environmental and political status of the world, I see no reason to have children other than selfish ones.


>This problem could be fixed by having fewer MBAs leading companies, and more engineers and scientists.  This is funny. There's only 1 MBA on that list, but he also attended the School of Engineering at Duke University


Businesses have since quite a while ago utilized some type of a conventional chain of importance structure to work. This framework includes representatives answering to director's Business Business administrations who at that point have their own particular managers et cetera. Most representatives are acclimated to this structure. Given the quick pace and aggressive nature of the business world, organizations are exceedingly intrigued by advancements that will separate them.


I went to lunch at one a few years ago and it ended up being around $15 with tax and tip.  Lunch was mostly bread products.  Stuff I could have cooked at home for under $2.  Total ripoff.  Also, local mom and pop restaurants have $6-$8 lunch specials.  The food is ten times better and you can get out for $5 less.   There's a good reason why the BWW parking lot is usually empty.


But what about the following scenario which is my paraphrasing of a Nanex article (I'm hoping you can help clarify this for me).  1. I observe a 1,000 lot @$10 advertised for Sell on a lit exchange.  2. I try to lift the 1,000 by placing a limit order @10.  3. My order goes through some kind of order routing process. First, 3 orders get executed on a dark pool. Let's say I got a 50 lot filled (so available offer reduces to 950).  4. My order hits a lit exchange. I get a partial fill for 100 (offer shrinks to 850); but the offered size shrinks instead to 500. Or 0.  5. Now, in order to execute my trade, I will have to take a higher price than the original advertised liquidity.  My question (maybe you can answer this) is why did my original order size of 1,000 appear in smaller blocks? Is this because the order routing algorithm breaks up the size?  Or is it that market makers only post offers in small block sizes (e.g. 100) So even if the order book looked like:  100 @ 10  100 @ 10  100 @ 10  100 @ 10  100 @ 10  100 @ 10  All the way to 1,000 total -- as soon as the first 100 shares were lifted, the MM can immediately cancel the remainder of the advertised liquidity -- in practical terms making it impossible to execute large orders at an advertised price.


And the card companies not only don't seem to care, they actively try to prevent public knowledge of the issue. I think Mythbusters was going to do a show about it, and on of the companies told Discovery they'd pull their large ad campaign if the show was aired.


When Eddie Lampert took over, he boasted that people didn't care about crap like that if it meant lower prices. They spend something like 1/4 or 1/8 on store maintenance as everyone else does. So now only does that show, they still can't beat walmarts pricing.


CD laddering is funding a few CDs in succession. For instance: for 6 months, each month you open up a 6 month CD (rather than  opening up one big one). Doing this will give you monthly interest payments as each month a CD will reach maturity (after 6 months). At that time you can choose to roll over the principal in a new CD and keep the interest, reinvest all, etc etc etc. You still get the benefits (higher rates) that CDs offer, but with greater flexibility and more frequent interest payouts. The only downside that I'm aware off is that you may end up with a slightly lower overall interest rate.


If only SOMEONE would make a decent android with a blackberry-style keyboard, RIM could die a more honorable and fast death.  I'm still using an old BB and the only reason I'm holding off on buying the Blackberry Bold 9930 (the one with the half-height touchscreen) is because I'm afraid the company is about to go out of business.  The Blackberry Bold 9930 is what they should have released years ago instead of their parade of dumbassery that was the Storm, the Torch, the Playbook, and now a new BBOS 10 phone WITH NO FUCKING KEYBOARD!!!  Are they insane!?


The simplest way to handle this would be to buy money orders, make them out to the charities, and leave your name off them.  Money orders don't require you to put your name on them, just the name of whoever they're being paid to.  You can mail them with no return address as well if you're sure you have the charity's proper mailing address.   This way you can still feel good about giving and leave no trace of who you are for anyone to use for future marketing. I hope this helps. Good luck!


There is no accounting reason that it should be different, there are likely psychological reasons that it should be, however. Assuming that you live in a western country with good banking regulation, you likely have deposit insurance or a similar scheme.  Here in Canada we are covered up to $100,000 in a single account with various limitations.  At least my rainy-day account plus savings is nowhere near that, so I'm good to go. That said, however, having a large lump of money in an account you regularly use may tempt you more than you can stand.  That iPad, car, home improvement, etc., might be too easy to buy knowing you have relatively easy access to that money. So it really becomes a self-discipline question. Good Luck


Aaah, okay that makes much more sense now. Thank you for clarifying.  I completely see what you mean. And I second a lot of what you just said. You didn’t exactly answer my question but that’s okay — I very much enjoyed what you’ve said anyways and it was interesting to hear your opinion and thoughts on such a matter. Thanks :)