I have a buddy that used to run one of those companies that buys gold like the ones you see on TV. Here's the deal... 1) If the jewelry isn't total junk, get it appraised. Making raw materials into jewelry obviously increases the value since you can't buy jewelry for the price of raw gold. In many cases it will be worth more as jewelry, but not always. Depends on the piece. 2) Those companies generally rely on the fact that people selling jewelry to a gold dealer are in a hurry to get cash and are very negotiable on what they will take for it. Depending on how predatory they are, you will probably get between 50 and 75% of the market rate. They make a living on the spread and people's need for quick cash. They usually resell it immediately to a 3rd party that actually melts it down and resells it.  So the short answer to your question is no, you won't get close to market value with these companies. You would do better if you didn't have to go through the middle man, but then those final buyers aren't generally the ones who have set up shop to deal with the general public.


On the off chance that your indebted person is unwilling to pay and you know they have the methods, it's a great opportunity to utilize your neighborhood sheriff. You have three alternatives to gather: a bank exact, wage garnishment, or a land lien.  It sounds like you'll have to contact your nearby police/sheriff's specialty and they can additionally enable you to out and get you your cash.


One big factor that no one has mentioned yet is whether you believe in a deflationary or inflationary future. Right now, we are leaning towards a deflationary environment so it makes sense to pay off more of the debt. (If you make just one extra payment a year, you will have paid off your house 7 years early). However, should this change (depending on government and central bank policy) you may be better off putting down the very minimum.  In a year or three from now, you should have a clearer picture. In the meanwhile, here is a recent Business Week article discussing both sides of the argument. http://www.businessweek.com/magazine/content/10_28/b4186004424615.htm


100% this. I have two BW3's in the area. One closed down and reopened in a new plaza. The one that closed was absolutely horrendous. Incorrect orders, raw wings, hair in food, etc. The other one was/is really good. I think the one that closed had to move due to it's poor reputation. Everyone would go out of the way to go to the one on the other side of town.   Also, I went to one in St. Clairsville OH. Fucking horrible. Gross, worst service, and I got a raw chicken sandwich. All the manager could tell me was he would throw it back on the grill... Are you serious?


Yes, but how does that compare to those with multiple houses?  I build homes in the Seattle area for a living and one lifestyle who own several rentals... One thing them do is use equity for their 4 homes to purchase another.. Writing off the the interest paid on the loan(s)...  I'm not saying it's a deduction normal people don't use... I'm just saying that it strikes me as a deduction that the wealthiest  landlords use more with better results...


COBRA provides you the option to continue your coverage as you had during your employment, after you leave your job. It is optional, you need to actively elect it. Once you elect, coverage starts from the day your employment coverage ends. So to answer your questions: Yes, it is legal. You elected this yourself, no-one forced you. You cannot get your money back. You did have coverage in June-July-August, since your COBRA election provided coverage from the date you left your job. As to cancellation, from the DOL FAQ: Q12: Can continuation coverage be terminated early for any reason? A group health plan may terminate coverage earlier than the end of the   maximum period for any of the following reasons: If continuation coverage is terminated early, the plan must provide   the qualified beneficiary with an early termination notice. The notice   must be given as soon as practicable after the decision is made, and   it must describe the date coverage will terminate, the reason for   termination, and any rights the qualified beneficiary may have under   the plan or applicable law to elect alternative group or individual   coverage. If you decide to terminate your COBRA coverage early, you generally   won't be able to get a Marketplace plan outside of the open enrollment   period. For more information on alternatives to COBRA coverage, see   question 4 above.


Yes, for sure. I always like to be called out on incorrect opinions. I've written business blogs for 5-6 years now - on topics ranging from investing to industry to wellness - and it's really helpful to get feedback on my thinking. While I consider myself pretty knowledgeable, there are other very smart people out in the world who can sometimes adjust my thinking.


"Having just come back from China, two things regarding its continued growth on this topic stuck out to me:  1) The need and want for high quality American Made goods - the Chinese acknowledge they are the kings at manufacturing things en masse, and that the Americans are the kings at making things that can last for life.  2) China is slowly starting to push manufacturing off to African countries as they continue to rise.  Given that, it should be noted that once you leave a large city like Beijing or Shanghai and see the ""real China"" you can see how the country is artificially propped up by the government. Everything from real estate to its tech giants. A recession is looming there and could hit it hard.    One quick edit: As Americans, we are often force fed this notion that the Chinese hate us, and all of this other nonsense. It is actually quite the opposite. While there is a fair level of blind kool-aid drinking and communist party following, the Chinese people actually love American citizens and very much want what we have. The Chinese word for United States is Měiguó, which means beautiful country."


If you can find data to support that conclusion then great, but the trend for 99% of countries has been the opposite.   http://www.pewglobal.org/2017/06/26/u-s-image-suffers-as-publics-around-world-question-trumps-leadership/  The Chinese government likes Trump because he’s a useful idiot.  He is tarnishing America’s reputation and allowing China to eclipse the U.S. at a faster rate on the global stage.  If they like him it’s, because he benefits them, not because he’s a good president.  That being said, they don’t like what he has done with North Korea recently.  They don’t like what he has said about Taiwan.  They don’t like his criticisms on trade.


head of his department probably does it in for him but 80 hours is still incredibly insane. I know neurosurgeons who dont work that much after residency. fuck, Ive lived with multiple surgeons thru out life in their residency process and it wasnt that bad every week.


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Stocks, Bonds, Bills, and Lottery Tickets notes the work of Fama and French who researched the idea of a small-cap premium along with a value premium that may be useful to note in terms of what has outperformed if one looks from 1926 to present. Slice and dice would also be another article about an approach that over weights the small-cap and value sides of things if you want another resource here.


"Writing options means ""selling"" options and ""put"" options are contracts to sell a defined security (the underlying), at a specific date (expiration date) and at a specific price (strike price). So, writing put options simply mean selling to others contracts to sell. Your profit is limited to the premium but your loss may be unlimited in a falling market."


What you have exampled is essentially the Amazon paradox.  Why would someone shop only in one place?  Convenience, ease, familiarity, one credit card storage, etc.  I have ordered an item from Amazon because of the ease and it has been shipped to me in a Wal Mart box.  People do this all the time and is basically why there are marketplace sellers on Amazon.


True, but these bitcoin/disruption posts seems like more bitcoin nuts holed away in studio apartments writing in there blogs about a future economic doomsday collapse while trying to earn a living gaming Amazon.com or selling advertising on youtube.


Ehm, the 2008 crisis was effectively a debt crisis. Debt levels are  higher now than in 2008 and default rates are on the rise. Furthermore the ability for monetary policy to absorb has been spent. What helped in 2008 was the high savings rate of China. Now even china is in a debt bubble.  Stocks are beyond expensive in a historical context, and the reason is, with money so cheap where else do you stand to get some return? This crash is coming... not sure when as market timing is impossible, but i would advise you to take a big crisis into account in your planning...,


"There are a few things that trader Joes sells that can't be beat by any other chain:  They sell fine cheeses at prices far below what I've seen at normal grocery stores.  Their wine/beer selection is huge and often sold at an incredibly good price. Their liquor is good too, their white label ""Joe's"" brand liquors are usually really good and taste like double what you paid.  Their produce is not great, but noy bad. Their snacks are awesome and oftentimes exclusive to trader Joes. I also think their coffee can't be beat."


"This answer is based on my understanding of the US banking system.  We have check cashing businesses here too, which are just like what you describe, except for the spelling :-) Let's consider what ""cash it for free at the bank"" really means, and why it might not be an option for everyone.  One key issue is ""which bank?"" As an example, suppose that I have an account at ABC Bank.  I take out my checkbook for that account and write you a check for $500.  (Terminology: In this case, I am the drawer or maker of the check, ABC Bank is the drawee bank, and you, user54609, are the payee.  Disclaimer: ""You"" here is meant as a generic pronoun and I do not mean to insinuate that anything here actually applies to you personally.) There are two common things you might do with the check: If you have an account at some bank, say XYZ Bank, you might take the check to XYZ Bank and deposit it in your account.  (You might be able to do this through an ATM, mobile app, or by mail, instead of in person.)  XYZ Bank does not have a way to verify with certainty that the check is valid (e.g. they don't know what my signature looks like, nor whether I actually have $500 in my account at ABC), so they send it to ABC Bank, which verifies the check and transfers $500 to XYZ.  (This is usually done through a central clearinghouse, such as the Federal Reserve in the US, and in some cases an image of the check may be sent electronically, instead of the physical check.)  This process takes some time, so XYZ may not make the $500 available to you right away - there may be a hold period before you can withdraw that $500 from your account. You could take the check to ABC Bank, in person.  They will verify on the spot that the check is valid and that you are in fact user54609.  If everything looks good, they will hand you $500 in cash (perhaps subtracting a fee of a few dollars). Now we can see some possible problems with each of these approaches. For 1: Maybe you don't have a bank account at all.  There are many possible reasons: You don't have enough money to meet the minimum balance that a bank account would require. You used to have an account, but you overdrew or otherwise misused an account, so the bank closed it.  They then entered you in a registry such as ChexSystems which ensures that other banks know about this, and so no other bank will open a new account for you. You immigrated to the country illegally and cannot get the documents (driver's license, social security number, etc) that a bank normally requires to open an account. You simply don't like the idea of keeping your money in a bank. Maybe you do have an account at XYZ Bank, but it's in another town.  You need the cash today, so you can't use mail or a mobile app, and third-party ATMs usually don't accept deposits. Maybe you need to spend the money today, and XYZ Bank would place a hold. For 2: ABC Bank may not have a branch you can conveniently visit.  Maybe the nearest one is a long way away, in another city or across the country.  Or maybe ABC is an online bank with no physical branches at all.  Maybe it's in the same city, but you don't have transportation to get you there.  Or maybe it's simply less convenient than the check-cashing business on the corner. Maybe it is after usual banking hours, or a weekend, and ABC Bank is closed, but you need cash now. In any of these situations, ""cash it at the bank"" might not be a viable option, and so you might reasonably turn to a check cashing business instead.  As you say, you will pay a much higher fee there, but maybe it is worth it to you, or you just don't have any choice. Another possibility, of course, is that you are poorly educated about the banking system, and you don't really understand that 1 and 2 are options, or how to go about them.  But there's this storefront on the corner that says ""Check Cashing"", so this seems like a low-stress, uncomplicated way to exchange this piece of paper for money.   As such, there certainly are people who legitimately might want to cash a valid check at a check-cashing business.   Check cashing business do of course take some risk of fraud, since they can't necessarily verify the check.  There are sometimes steps they can take to minimize this risk.  Sometimes they can call ABC Bank and check that I have sufficient money in my account.  Maybe they'll only accept certain kinds of checks, such as payroll checks from well-known companies for which you can produce a matching pay stub.  And they can demand identification from you (perhaps allowing more flexible options than a bank), which helps ensure that you are the payee, and would make you easier to track down if you did commit fraud.   But they will probably lose some money this way, so they will have to make their fees high enough to cover those losses."


To start, I hope you are aware that the properties' basis gets stepped up to market value on inheritance.  The new basis is the start for the depreciation that must be applied each year after being placed in service as rental units. This is not optional. Upon selling the units, depreciation is recaptured whether it's taken each year or not. There is no rule of thumb for such matters. Some owners would simply collect the rent, keep a reserve for expenses or empty units, and pocket the difference. Others would refinance to take cash out and leverage to buy more property. The banker is not your friend, by the way. He is a salesman looking to get his cut. The market has had a good recent run, doubling from its lows. Right now, I'm not rushing to prepay my 3.5% mortgage sooner than it's due, nor am I looking to pull out $500K to throw into the market.  Your proposal may very well work if the market sees a return higher than the mortgage rate. On the flip side I'm compelled to ask - if the market drops 40% right after you buy in, will you lose sleep?  And a fellow poster (@littleadv) is whispering to me - ask a pro if the tax on a rental mortgage is still deductible when used for other purposes, e.g. a stock purchase unrelated to the properties.   Last, there are those who suggest that if you want to keep investing in real estate, leverage is fine as long as the numbers work. From the scenario you described, you plan to leverage into an already pretty high (in terms of PE10) and simply magnifying your risk.


> Correct - I believe in freedom.  Clearly, the freedom to succeed if you can add productivity and the freedom to fail if you can't.  Follow-up question: In your system what should happen to the people who can not be productive either by handicap or a lack of skills?


The entire world came together and agreed America should be fined for its over indulgences or success, pay for the bulk of the costs, give all the power and control over to a foreign leader most likely one from an impoverished country. Allow China and India to decimate their environment while reaping all the benefits of manufacturing without an environmental restrictions. Allow foreign companies such as American companies to get obscene tax benefits by relocating to China or India, replacing American workers with foreign locals. Of course the world wants this- as do liberals. Liberals saddled with guilt hating free enterprise and constantly being  in search for a new cause to make them feel good about them selves. Moral superiority. Climate change fits the bill. Sound fair ?


This is potentially a real risk to Google. The odds of such a huge success it decreases Google's profits are tiny (I think). But there is a real risk that the increase in Google's profits going forward are materially affected by a well done competitor to Adsense.  If Amazon took away 10% of what Google's Adsense business 4 years from now would have been that is likely material to Google's earning. Not huge but real.  Even losing the ads on Amazon's web site is likely noticeable (though not a huge deal I would guess to Google - though to most companies it would be a huge lose).  There is even the potential Google has to reduce their profitability on AdSense to compete - giving web sites a better cut of revenue.  That said I think Amazon has plenty of challenges to making it an effective competitor to Google. But they have a chance. And there is even a small chance (very small I think) that Amazon could create a competitor that actually results in noticeably (say over 15%) declining revenue to Google via Adsense. Likely even in this case Google continues to grow profit as a company overall.  Google revenue from ads from their own websites are the most important earnings and likely to continue to be so. Also new business (non web-ad-income) is growing and I think will continue to do so (this is likely an area some might find more questionable).


"You ended up quitting, right? In that case, you had no reason not to go into your bosses office and say, ""You just hired Bill at X salary, when I've been at the company longer, do the same job, and only make Y. Either give me a raise to X or above, or I quit, take my experience and knowledge of your business with me, and you have to hire someone new to do my old job and pay them X anyway."""


Simply thinking about how to deal with the phenomena of people going to stores, trying the product, and then going online to buy it. Another post stated that people just go to malls to do this, but given how badly malls have suffered we might find ourselves in a scenario where malls just go away completely- and what then?


Utilization is near real-time. What that means is that what is reported is what is taken in terms of debt-to-income (DTI) ratios. When a mortgage broker pulls your credit, they will pull the latest balances with the minimum payments. This is what is taken to determine DTI along with your gross monthly income. If you do not pay your account in full before the statement date, then you more than likely will have to wait an additional statement cycle before it reports to the credit bureaus. Therefore, your utilization is dynamic and the history of your utilization month-to-month is not recorded forever. Only the current balance. What is maintained and reported is your payment history. So you want to never be late if you want to be approved anytime soon for a mortgage. A lower DTI will not help your interest rate. As long as you stay away from the maximum DTI for the mortgage vehicle you are attempting to be approved for (VA, FHA, Conventional, etc), then your DTI should not be a concern. If you are borderline at the time of underwriting, you can take the opportunity and pay off the balances. The mortgage company can then do what is called a credit supplement which entails contacting those lenders where you have proven you have a zero balance and manually input the zero balance cards, that have not yet reported to the bureaus, in your final application to the mortgage company for underwriting approval.


"Yes, you can deduct up to your Adjusted Gross Income (AGI) or your contribution limit, whichever is lower. Note that this reduces your taxable income, not your taxes.  This is self-employment income, which is included as compensation for IRA purposes.   You still have to pay self-employment taxes (Social Security and Medicare) though.  You pay those before calculating AGI.  So this won't entirely shield your 1099 income from taxes, just from income taxes.   Note that if you have both W-2 and 1099-MISC income, you don't get to pick which gets ""shielded"" from taxes.  It all gets mixed together in the same bucket.  There may be additional limitations if you are covered by a retirement plan at work."


"I'd say that it's more like 75% to 80%.  Here's why:  the amount of time required to find a new job (should you lose your current one) is at an all time high (something like a year and a half if you factor in the ""discouraged workers"").  So, your emergency fund, if it is going to plan for truly disastrous scenarios such as job loss, needs to be able to handle monthly expenses for a year and a half.  I would also throw in a re-education component to that as well, because you're more than likely going to need to retrain (if for no other reason than to tell prospective employers that you voluntarily took some time off to go back to school, so they don't shit can your resume before they even let you interview)."


"First, the limit this year is $16,500, $22,000 for age 50 or older. Next, does the company give you any match? If so, how much? Some will match your deposits dollar for dollar up to a certain percent of your pay. If you make $50k and deposit say 6%, that's $3k matched by company, for example. This deposit/match is the first priority.  Next, you should understand the expenses in the account. A bad 401(k) with high cost quickly negates any tax deferral benefit. The 401(k) options also may be limited, what are the choices of investments?  Is your income high enough that you can save $21,500? One thought is to save enough to drop back out of the 25% bracket, and go Roth after that. This is a good balance for most. By the way, Fairmark is a great site to see what bracket you are in. If your return is simple, you can just find your standard deduction and exemption numbers and get to your taxable income very simply. The debate of of Roth vs Pretax (for both IRA and 401(k) accounts) can get pretty complex, but I found the majority of earners falling into the ""live in the 15% bracket, tops"" range."


"> Why are self checkout lanes always available? Because people don't want the do extra work  no, it's because they are horrible  e.g. the damned voice squawking shit like ""please remove your item from the bag"".  Fuck You, voice.  or try finding your vegetable or herb on their screen.  or it weighing your apples @ 40 pounds.  it simply does not work consistently"


"Welp, considering he did drop the TPP and exited the Paris agreement those particular ""bullshit"" lines were proven quite true.  The courts and congress have held up his immigration policies or those would have been implemented as well so again, not lines.  And the cutting of funding for UN and other global political organization is also very real as well so I'm not 100% sure what your are getting at here with this.  As far as me being ""had"" I am again not quite sure what you are getting at as I specifically said they could turn out to be campaign promises or, as you so eloquently put it ""bullshit lines"".  So far, to the extent these things are wholly in his power he has actually done quite well towards attempting to implement or pushing for implementation of most of his policies he espoused during the campaign.  Although, I will certainly agree with you that US politics is largely filled with bullshit lines designed to appeal to right or left wing bases while both parties continue to ignore them or flat out contradict them while in office.    Unfortunately, this all has very little to do with whether or not we should be surprised by Zuckerberg attending a tech meeting.  Which again, was my original point."


Bingo.  Unless you're on the labour side of producing kiosks.   Should be very few of them.  I don't understand mentality.  People look at a teachers dispute and make a claim that they don't deserve more money for the work they do.     Yet we can all point the finger at each other and judge who deserves what.   What we should be doing is saying: why not me too?    I once worked on this marketing campaign where I had to hold up a protest sign to draw attention to people doing some flyer giveaway.   It's amazing how many people shit on me.      There is a rather angry block of people who will hate you for holding up a picket sign no matter what.   They don't think.


"A thorough ignorance of history, and economic principles, and substituted in its place an indoctrination into socialistic dogma.  Ignorance of the fact that in America the poverty levels were steadily decreasing ... until the ""welfare"" system was created.  Ignorance of the fact that similar systems (previously called ""poor laws"") had been tried, and roundly failed in the past, etc.  But left-wing drones don't really comprehend reality, and much like computers, the GIGO principle applies."


"When the VC is asking what your Pre-Money Valuation is, he's asking what percentage of shares his $200,000 will buy. If you say your company is worth $800K, then after he puts the money in, it will be worth $1M, and he will own 20% of all shares – you'll still own the remainder. So when the VC is asking for a valuation, what he really wants to know is how much of your company he's going to own after he funds you.  Determining your pre-money valuation, then, is a question of negotiation: how much money will you need, how likely are you to require more money later (and thus dilute the VC's shares, or give up more of your own shares), how likely is your business to survive, and how much money will it make if it does survive? It isn't about the actual value of your business right now, as much as it is ""how much work has gone into this, and how successful can it be?"" The value is going to be a bit higher than you expect, because the work is already done and you can get to market faster than someone else who hasn't started yet. VCs are often looking for long shots – they'll invest in 10 companies, and expect 7 to fail, 2 to be barely-profitable, and the last one to make hilarious amounts of money. A VC doesn't necessarily want 51% of your company (you'll probably lose motivation if you're not in charge), but they'll want as much as they can get otherwise."


Moving your office to St. Louis? A move, be it local or interstate move, is always stressful because you need to shift an entire office to another place. Planning and co-ordination are necessary steps in such cases and the best way to organize things is to hire professional movers.


Reading IRS Regulations section 15a.453-1(c) more closely, I see that this was a contingent payment sale with a stated maximum selling price. Therefore, at the time of filing prior years, there was no way of knowing the final contingent payment would not be reached and thus the prior years were filed correctly and should not be amended. Those regulations go on to give an example of a sale with a stated maximum selling price where the maximum was not reached due to contingency and states that in such cases: When the maximum [payment] amount is subsequently reduced, the gross profit ratio will be recomputed with respect to payments received in or after the taxable year in which an event requiring reduction occurs. However, in this case, that would result in a negative gross profit ratio on line 19 of form 6252 which Turbo Tax reports should be a non-negative number.  Looking further in the regulations, I found an example which relates to bankruptcy and a resulting loss in a subsequent year: For 1992 A will report a loss of $5 million attributable to the sale, taken at the time determined to be appropriate under the rules generally applicable to worthless debts. Therefore, I used a gross profit ratio of zero on line 19 and entered a separate stock sale not reported on a 1099-B as a worthless stock on Form 8949 as a capital loss based upon the remaining basis in the stock sold in an installment sale.  I also included an explanatory statement with my return to the IRS stating: In 2008, I entered into an installment sale of stock. The sale was a contingent payment sale with a stated maximum selling price. The sales price did not reach the agreed upon maximum sales price due to some contingencies not being met. According to the IRS   Regulations section 15a.453-1(c) my basis in the stock remains at $500 in 2012 after the final payment. Rather than using a negative gross profit ratio on line 19 of form 6252, I'm using a zero ratio and treating the remaining basis as a schedule-D loss similar to worthless stock since the sale is now complete and my remaining basis is no longer recoverable.


"Without factoring in cost of living that's a pretty ignorant statement. 100k a year in SF really isn't that much. Similar situation in NYC. Most other places in the country that statement might be true but when your average 1200 sq ft 3 bedroom house costs north of 800,000. 100,000 a year stops feeling like a ""fuckton"""


Fair enough. The economy isn't doing so well, and employment is struggling. Still, by no stretch of the imagination do real jobs with benefits not exist anymore. Yes, unemployment and part-time status combined sum to tens of millions of people, but that number is still smaller than the number of people with full-time employment status.  I feel for anybody who doesn't have a good job situation, but things will get better eventually.


EU and North America long term strategy is to tell Russia that it doesn't get to do whatever the hell it feels like (I.e. taking crimea).  EU and North America long term strategy is to lower EU dependence on Russian gas, and possibly fond a way to increase imports of Canadian or US gas.   Now, I'm not saying this whole thing isn't stupid. In many ways it is. Indeed Ukraine should have stuck with Russia (they are not in the position to join EU). However, due to circumstances it happened.   I fully agree that it will hurt everyone, but it's going to (and has) hit Russia much harder than many Russians care to admit.


"**The 25% is an utterly meaningless statistic absent the age-demographic breakdown.**  One would easily expect the 18 to ~30 year age group to have little in the way of savings (and the 18 to 30 year age group is > 20% of the population by itself).  This is (like the ""upper X% have more net worth than the lower YY%"") yet another one of these idiotic/inane/misleading abuses of aggregate statistics.  Also, this really isn't ""news"" in that it isn't anything *new* -- for the majority of Americans ""savings"" pretty much disappeared a couple of decades ago."


If you leave without having met all the obligations in the contract they could sue you for the money. The size of the company may mean that they are experienced in collecting their debts. The insurance they made you pay for, may pay them back if they meet all the requirements in the policy. That means that you will have to read the terms of the policy to see if the insurance company will come after you for the losses. It is likely that your skipping out early while owing money will be attached to your credit history without your SSN.


There is (almost) always money involved somewhere, but it doesn't have to come from you.  It can be investors, credit cards, or even seller-financing (I've done all 3). Examples: If you can find partners with the money to make the deals happen, then your job is to put the deal together.  Find the properties, negotiate the price, even get the property under contract (all without any obligation or cost on your part... yes it absolutely can be done).  Then your partners will fund the deal if it's good enough and their terms are met, etc. In some areas you can put a property on a credit card.  If you find a house say for $25,000 that will rent for $300/month, and you can put it on a credit card (especially at zero percent for a year or something similar), then you can generate cashflow as a landlord without putting up any cash of your own on the purchase.  Of course there are many risks associated with landlording and i could tell you horror stories... but we're not addressing that here. You can negotiate a sale with an owner who agrees to finance the entire purchase for you.  I once purchased 3 properties at once this way from a seller who financed the entire sale, all closing costs, everything, this way.  Of course they needed a lot of repair and such so I had to fund that another way, but at least the purchase itself cost me no money out of pocket. So these infomercials/courses are not inherently scams in the sense that what they are teaching is (usually... I'm sure there are exceptions) true.  However they generally give you enough information to get into trouble, and not out.  But that's what true learning is... it's getting into trouble and finding a way out that doesn't kill you.  =)  That's called experience, and you can't buy that for any price.


> I'd be happy to look at any entry-level SW engineering resumes for feedback.  See, you're already doing this wrong.  All your prime candidates already have their resumes out there.  It's call github.  The fact that you're looking for entry level programmers make this even easier as you can limit your code review to people with time limited commit histories.  And, if you're a programmer and you're feeding people like this resumes, you're also doing it wrong.  Oh, BTW, you're going to need to either have a good relocation plan or offer 100% remote work.


"Not at all impossible. What you need is Fundamental Analysis and Relationship with your investment. If you are just buying shares - not sure you can have those. I will provide examples from my personal experience:  My mother has barely high school education. When she saw house and land prices in Bulgaria, she thought it's impossibly cheap. We lived on rent in Israel, our horrible apartment was worth $1M and it was horrible. We could never imagine buying it because we were middle class at best. My mother insisted that we all sell whatever we have and buy land and houses in Bulgaria. One house, for example, went from $20k to EUR150k between 2001 and 2007. But we knew Bulgaria, we knew how to buy, we knew lawyers, we knew builders.  The company I currently work for. When I joined, share prices were around 240 (2006). They are now (2015) at 1500. I didn't buy because I was repaying mortgage (at 5%). I am very sorry I didn't. Everybody knew 240 is not a real share price for our company - an established (+30 years) software company with piles of cash. We were not a hot startup, outsiders didn't invest. Many developers and finance people WHO WORK IN THE COMPANY made a fortune. Again: relationship, knowledge!  I bought a house in the UK in 2012 - everyone knew house prices were about to go up. I was lucky I had a friend who was a surveyor, he told me: ""buy now or lose money"". I bought a little house for 200k, it is now worth 260k. Not double, but pretty good money!  My point is: take your investment personally. Don't just dump money into something. Once you are an insider, your risk will be almost mitigated and you could buy where you see an opportunity and sell when you feel you are near the maximal real worth of your investment. It's not hard to analyse, it's hard to make a commitment."


Heck yeah. I actively dislike Taco Bell, but I still can't help stopping in to try whatever their new whatever-it-is or grab a bag full of food for $4.  It's like those new limited Lays chip flavors. I know I'm not going to like cappuccino flavored potato chips. Who would enjoy coffee and milk chips? No one. Did I try them? Yep. Did I like them? Nope. Will I buy the next crazy flavor? Of course.


John - sure, your points are well taken. $500K in cash is preferable to $500K invested in a way I wouldn't choose at the moment.  A friendly warning - inheritances often come in the form of an IRA account. This comes with its own issues, and an IRA shouldn't be confused with the assets it contains. Selling the assets inside is fine, you can reinvest in what you wish, but selling and pulling the money out can result in an horrific tax bill. I was recently interviewed on the radio (and available as a Podcast) discussing Inherited IRA Tax Tips, and it's worth educating yourself as the topic is quite convoluted.  (And thanks, John, for a question that permitted me to sneak this in. I owe you a beverage)


I don't believe this.  Really, if you have the drive and motivation in this country, you really can do anything you want.  Sure, the mold says that you need a 4.0 gpa from Harvard and an MBA from Wharton... but that doesn't mean that its for everyone.  Employers value determination more than anything, so if you really want a job, you *will* find a way to get it; most of the time, the only thing holding us back is ourselves.  Sounds corny as shit i know, but its true.   If you bang on every door, network with every hiring manager, you will get a job.  and if for some reason they turn you down, you can still start your own business.  **tl;dr  no.**


If one has established a liquid emergency fund of 3 to 6 months income as suggested in several places here as well as being recommended by many financial planners then a savings account is a great place to keep that money. All things being equal between the savings and checking account the limited transfers should be a non issue since ideally you won't be using that money and if you need to in an emergency you could move a whole months worth of expenses to checking in one transfer.  The savings account gives you a place to keep the emergency fund segregated from your normal funds. Out of sight, out of mind as it were. A savings account also gives you a place to stash funds intended for short term goals away from normal use funds. One such example I can use is that I am purchasing several plane tickets for various family members to come visit for Christmas. I have those funds set aside in a savings account so they don't interfere with my budgeting of my normal living expenses. While these are just examples and your situation may vary they are both examples of where a savings account would be useful even if it is identical to a checking account.  Edit:  using other types of accounts can also accomplish the same thing. Since we are using the assumption that the checking and savings accounts are identical the benefit of using a savings account is that it is usually inherently linked to the associated checking account without any additional effort on the part of the account holder. Any other account type would require additional effort, however minor, on the part of the account holder to link them in such a way that would make transfers between accounts as easy as possible.


"OK, but it speaks to a mindset I encountered in the army, namely, ""Do as I say, not as I do.""  If you publicly espouse a particular world view, corporate model, etc., you should *live* it.  The hypocrisy of Mackey is that he says to do A / B / C, but he doesn't do it himself.  I understand that it's considered acceptable in some quarters to be out of touch with common decency if you're a high earner, but I don't let people off the hook that easily.  If you want to lead, then by god do it by example."


A counter-point is that a new middle class is trying to establish itself in China.  As with Japan and South Korea before, a rising middle class will themselves demand safe, well made consumer products (and the wages to pay for them).


"Most electric vehicles effectively run on coal.  When I make my fortune and get my *LUDICROUS MODE* Tesla, my plate will be ""BRN COAL"".  Saw an article on this site recently that claimed the production of Tesla's batteries far exceeded the emissions of a regular car."


The reason it's not automatic is that Questrade doesn't want to force you to convert in margin accounts at the time of buying the stock. What if you bought a US stock today and the exchange rate happened to be very unfavorable (due to whatever), wouldn't you rather wait a few days to exchange the funds rather than lose on conversion right away? In my opinion, Questrade is doing you a favor by letting you convert at your own convenience.


"Usually insiders are in a better position than you to understand their business, but that doesn't mean they will know the future with perfect accuracy. Sometimes they are wrong, sometimes life events force them to liquidate an otherwise promising investment, sometimes their minds change. So while it is indeed valuable information, as everything in fundamental analysis it must be taken with a grain of salt. Automatic Sell I think these refer to how the sell occurred. Often the employees don't get actual shares but options or warrants that can be converted to shares. Or there may be special predetermined arrangements regarding when and how the shares may be traded. Since the decision to sell here has nothing to do with the prospects of the business, but has to do with the personal situation of the employee, it's not quite the same as outright selling due to market concerns. Some people, for instance, are not interested in holding stock. Part of their compensation is given in stock, so they immediately sell the stock to avoid the headache of watching an investment. This obviously doesn't indicate that they expect the company will go south. I think automatic sell refers to these sorts of situations, but your broker should provide a more detailed definition. Disposition (Non Open Market) These days people trade through a broker, but there's nothing stopping you from taking the physical shares and giving them to someone in exchange for say a stack of cash. With a broker, you only ""sell"" without considering who is buying. The broker then finds buyers for you according to their own system. If selling without a broker you can also be choosy with who is buying, and it's not like anybody can just call up the CEO and ask to buy some stock, so it's a non-open market. Ultimately though it's still the insider selling. Just on a different exchange. So I would treat this as any insider sell - if they are selling, they may be expecting the stock to become less valuable. indirect ownership I think this refers to owning an entity that in turn owns the asset. For instance CEO of XYZ owns stock in ACME, but ACME holds shares of XYZ. This is a somewhat complicated situation, it comes down to whether you think they sold ACME because of the exposure to XYZ or because of some other risk that applies only to ACME and not XYZ. Generally speaking, I don't think you would find a rule like ""if insider transactions of so and so kinds > X then buy"" that provides guaranteed success. If such a rule was possible it would have been exploited already by the professionals. The more sensible option is to consider all data available to you and try to make a holistic evaluation. All of these insider activities can be bullish or bearish depending on many other factors."


Go to http://finance.google.com, search for the stock you want. When you are seeing the stock information, in the top left corner there's a link that says 'Historical prices'. Click on it. then select the date range, click update (don't forget this) and 'Download to spreadsheet' (on the right, below the chart). For example, this link takes you to the historical data for MSFT for the last 10 years. http://finance.yahoo.com has something similar, like this. In this case the link to download a CSV is at the bottom of the table.


You're looking at a used car, which is good, but I think you can still be much wiser with the type of car you're looking to purchase. Maybe I'm such a fuddy-duddy because I didn't own a car until I was 25, but let's break this down with a small comparison: If you drive 1,000 miles per month with gas at $4/gallon -- which is absurdly conservative, I think -- for five years, then you're looking at an extra $60/month for just gas, and probably twice the payment, compared with a perfectly reliable but more fuel-efficient car from the same year.  (Disclosure:  I own a 2004 Corolla and love it.  I got mine in 2007 for under $10k, and I paid cash.) $300/month or so is a good chunk of change, no?  I'd do even more, and pay that loan off (which will almost certainly be less than $500/month) faster by throwing $500/month at it.  You'll save hundreds of dollars in interest. Edit based on your additions: There's one thing that you don't see yet that I have.  It's only because you're in your early 20s and I'm pushing 40. It is far easier to sock money away when you're single and don't have a family to take care of. (I'm assuming you're not married yet and that you don't have kids.  Hopefully it's not a poor assumption.) I would be saving like crazy now if I were in your position.  You have a great job for fresh out of college.  My first job started ten years ago after grad school at the same salary you're making.  Man, it was so easy to save money back then.  Now that I'm married with a daughter, a lot of that cushion goes away.  I wouldn't trade it for the world, but that's the price of being head of household. If you have any intentions of not being a hermit for the rest of your life (and I hope you do) then you'd be wise to save as much as you can now.


"I look at price charts pretty much all day every day. You can analyze technical patterns and make guesses about the future but it's just not the way it works.  Not being able to point to ""chinese money"" in a candlestick chart is a ridiculous litmus test. When they eventually pass extremely draconian laws about using bitcoins we'll see."


Not really. You just pay the other side of payroll taxes your employer typically pays. That's 7.65% more on your net. Not that much, all things considered.  Plus, on part time Uber driving, the depreciation deduction on a car should exceed true depreciation costs. Putting 10K more miles on a car each year does not result in that much extra depreciation.  2010 Honda Civic DX Sedan 4D with 100K miles is worth $4,500 in Good condition, according to KBB.  With 130K miles, it's worth $3,900.  That's a difference of $600, or $0.02 per mile.  You'll have more oil changes, brake replacements, gas, and other operating costs. But depreciation is small potatoes compared to the $0.535 in deductions per mile.  Edit: If you would own a car regardless of whether or not you drive for Uber, Uber isn't a bad deal. It's a bad deal if you have to buy a car just to drive for Uber. It's all about the marginal cost of a mile.


"Credit Cards typically charge interest on money you borrow from them.  They work in one of two ways. Most cards will not charge you any interest if you pay the balance in full each month.  You typically have around 25 days (the ""grace period"") to pay that off.  If that's the case, then you will use your credit card without any cost to yourself. However, if you do not pay it in full by that point, then you will owe 19.9% interest on the balance, typically from the day you charged the payment (so, retroactively).  You'll also immediately begin owing interest on anything else you charge - typically, even if you do then pay the next month the entire balance on time.  It's typically a ""daily"" rate, which means that the annual rate (APR) is divided into its daily rate (think the APR divided by 365 - though it's a bit different than that, since it's the rate which would be 19.9% annualized when you realize interest is paid on interest).   Say in your case it's 0.05% daily - that means, each day, 0.05% is added to your balance due.  If you charged $1000 on day one and never made a payment (but never had to - ignore penalties here), you'd owe $1199 at the end of the year, paying $199 interest (19.9*1000). Note that your interest is calculated on the daily balance, not on your actual credit limit - if you only charge $100, you'd owe $19.90 interest, not $199. Also note that this simplifies what they're actually doing.  They often use things like ""average daily balance"" calculations and such to work out actual interest charged; they tend to be similar to what I'm describing, but usually favor the bank a bit (or, are simpler to calculate). Finally: some credit cards do not have a grace period.  In the US, most do, but not all; in other countries it may be less common.  Some simply charge you interest from day one. As far as ""Standard Purchases"", that means buying services or goods.  Using your credit card for cash advances (i.e., receiving cash from an ATM), using those checks they mail you, or for cash-like purchases (for example, at a casino), are often under a different scheme; they may have the same rate, or a different rate.  They likely incur interest from the moment cash is produced (no grace period), and they may involve additional fees.  Never use cash advances unless you absolutely cannot avoid it."


So like any market, the housing market will *on average* trend upward. But the extreme prices we're seeing in Toronto or San Francisco are not part of the normal market growth. There's a lot of factors that can affect housing outside of just increased demand. Here's a few of the big ones.  1) Low-Interest Rates: Since (2008? I think) interests rates have been really low, meaning mortgages are really low. If you can borrow money at 4% and the inflation rate is 8%, you've borrowed expensive dollars and are paying back in cheap dollars.  2)NIMBY (Not in my back yard): If you have enough land to build 10 houses or one 100 apartment building, what do you build? Theoretically the apartment building, but in reality, the people that already paid for their million dollar house, don't want a giant apartment complex bringing down the value of the neighborhood and ruining their views. So they pass laws preventing new and bigger buildings, meaning higher prices for the homes that already exist. And as a bonus, it's easier on the city to have 10 people who make a million dollars a year than a 100 people who make 100,000 a year.  Foreign investment: So there's a lot of places where people have money, but because of corruption or shaky economies, it's not safe to hold it there. So you buy properties in the U.S. or Canada because you know no one's going to seize it and it's (generally) not going to lose value. So you end up with foreign dollars competing with the local markets for housing, driving the price up.


I believe that the form you will need to fill out for the company is the IRS' W-8ECI form.  My US-based Fortune 50 company pays my rent in Germany, and had my landlord fill one out so that they would not need to do any withholding for the payments. From this IRS site on withholding income for payments to Foreign Individuals:  Withholding exemption.   In most cases, you do not need to withhold   tax on income if you receive a Form W-8ECI on which a foreign payee   represents that: The foreign payee is the beneficial owner of the   income, The income is effectively connected with the conduct of a trade or   business in the United States, and The income is includible in the payee's gross income. Good luck!


Car dealers as well as boat dealers, RV dealers, maybe farm vehicle dealers and other asset types make deals with banks and finance companies to they can make loans to buyers. They may be paying the interest to the finance companies so they can offer a 0% loan to the retail customer for all or part of the loan term.  Neither the finance company nor the dealer wants to make such loans to people who are likely to default. Such customers will not be offered this kind of financing. But remember too that these loans are secured by the asset - the car - which is also insured. But the dealer or the finance company holds that asset as collateral that they can seize to repay the loan. So the finance company gets paid off and the dealer keeps the profit he made selling the car. So these loans are designed to ensure the dealer nor the finance company looses much. These are called asset finance loans because there is always an asset (the car) to use as collateral.


In the few places I worked in my younger years, the establishment lost the value of the counterfeit note when they attempted to pay it in at the bank - they simply won't honour the note. I remember working a New Years Eve one night and we had taken a few hundred pounds in fake twenty pound notes.  The staff were given a strong telling off, because these note were effectively useless and it was up to the staff to check that the notes were genuine.


How about doing some calculations and show him how much he is paying for things he is buying on credit.Mix in some big and small purchases to show how silly it is on both. Some examples: What really made the debt issue hit home for me (no pun intended) was when I bought my first house and read the truth in lending disclosure statements to find that a $70K house (those were the days) was going to cost me over $200K by the time I had paid off a 30 year note.


"I reread my comment and I've yet to understand what you're referencing when you state I've insulted someone.  I made the comment ""unless you're an idiot and tell on yourself"".  At no point did I say that the person I was responding too was an idiot or that any person in particular was as well.  Sorry if you've upset yourself but I did not intend to insult anyone by my comment."


You're right about FICA (I forgot it is calculated on gross income and not Adjusted Gross Income). State tax rate in that bracket still should be nominal or zero depending on the state. Sales tax... things cost what they cost.  > Regardless, 70% of minimum wage isn't enough to cover a car, a child, a good vacation, a serious health care problem, an aging parent, or a modest retirement.  Social safety nets are impossible to address via a minimum wage. You could make the minimum wage $30/hr and some people will still become bankrupt by our ridiculous healthcare system. Why not lobby for single-payer healthcare and a universal basic income like $1000/mo/adult and $500/mo/child?


You are correct. It's using accounting to accomplish different goals. First, relevant costs should be considered when making the decision to buy internally rather than externally. Second, by adding the possibility for a cost centre to turn a profit, even if it is only an accounting trick, means that interest are better aligned (profit motive and all). Third, you are right that on the consolidated/group level there is no real profit. It can give a better picture of actual economic performance though.


Honestly, I'm not going to argue with some of the insane bullshit some companies pull - but if you've ever needed medication in ANY form, a pharma likely created (even for yeast infections). Frankly, thanks to these companies and decades of blockbusters - they're starting to address the real niche diseases out there (plus, how else will they make money - patents are running out). To pull a blanket statement like that is well, misinformed. The world isn't black and white. As much as you might lambaste the industry, there are a LOT of good willed people here that are seriously trying to eradicate horrible, horrible diseases.


">""This process is terrible, I hate it, it has a damaging effect on the market, and we could easily prevent it from happening. But I choose to keep it because of a hardline adherence to ideology.""  Not exactly and nothing of the sort.  I think it unfair because it gives a leg up to those with access but then, such is life. I also think it unfair that kids in the middle class have access to tutors, kids of the rich have access to elite private schools, those with money have access to better medical care and so on.  However, as someone may well ask and do so rightfully - ""So what?""  To use cycling as an example - Use of HFT is the equivalent of having access to better training, better gear and better opportunities. You don't ban those just because the poorer countries can't have access to those. The practice of placing orders and immediately canceling them is the equivalent of pulling a Lance Armstrong, better handled by the association than by the government using taxpayer money."


I think this article explains it pretty well: Contributions to a SEP are limited to   20% of your business  income (which is   business income minus half of your   self-employment tax), up to a maximum   of $45,000. With a solo 401(k), on the   other hand, you can contribute up to   $15,500 plus 20% of your business   income (defined the same way as   above), with a maximum contribution of   $45,000 in 2007. You can make an extra   $5,000 catch-up contribution if you're   50 or older


Sorry about the link.  I guess it didn't upload with the post like I thought it did.  I've since edited it and added it. I think it makes some really good points.  Could it be that your client decided that they just couldn't afford you, and that was just the excuse they were giving? (I'm not saying they had good reason).  Nothing turns me off quicker than someone offering me a discount, especially if I'm not already a customer!  I just wish that worked on my wife...lol      I admit that it isn't easy to constantly come up with good content on a regular basis that offers something worthwhile that people regularly become engaged in.  In today's world people consume content very quickly and then are left wanting more.  Keeping it fresh is no easy task, but the way most seem to go about it is just spinning wheels and wasting time.


I think it is, unless you have another protection. For example, I have a legal plan sponsored by my employer that amongst other things, covers representation in case of audits for personal taxes. If, however, you don't have any other legal plan to cover this, I'd suggest getting the TurboTax audit protection. Hiring a professional to represent you in case of an audit will cost several hundreds of dollars per hour. Of course chances are slim, but that's the nature of insurance.


re red-lining: I've never had Uber refuse to pick me up or take me anywhere. Cabs in both NYC and DC have refused service based on my destination (and good luck finding a cab in my part of NE unless they're dropping off at the hotel a few blocks away), though.


Competition, or actually lack of competition, mostly due to a demand curve that has minimal change due to price. You would buy the equivalent, cheaper option if it was available, but the store has little interest in offering multiple, competing options that would drive their same store revenue down. And the competing stores (Grocery, Department, Drug, Card) have similar overhead costs (floor space, lights, personnel). Most carry the cards for incremental revenue, and observe little advantage to lower price for a card (customers seldom buy more cards due to a lower price). Thus they mark the price to what (most) customers are willing to pay. You may choose to shop the various stores and find the one that has a (slightly) better pricing for cards, and then stop at that store when you want to buy a card. But many cards are sold as an incremental purchase as part of a larger shopping trip (convenience), as the customer combines trips (reduce the time spent shopping, albeit not reducing the money spent).


Good God. Who the hell said anything about Hillary or Democrats? Trump being an idiot and doing a bad job has nothing to do with political leanings. I haven't said anything about my politics. You Trump people are incredible. Lose your argument, immediately start another completely unrelated one.   Being able to ruin an economy says nothing about the ability to create a booming stock market. That's crazy talk.


"In the U.S., virtually all salaries are expressed as ""gross salaries"", which are before the taxes that the individual must pay on their income. The numbers shown in the links are almost certainly gross salary figures. However, the ""gross salary"" is not the entire ""total compensation"" number, which is the total value of all compensation and benefits that the employee receives for his work. Total compensation includes not only salary and bonuses, but the cost or value of any employer-paid healthcare, retirement, company car, expense account, stock options, and other valuable goods or services. That's still not the total amount of money the company has to pay to have you; there are employer-paid payroll taxes totaling 6.2% of your gross salary, plus practical costs like the cost of your computer, cubicle or office furniture, and the portion of utility costs that keep you well-lit, clean and comfortable. This complete number is called ""total employee cost"", and the general rule of thumb is that it's double your gross cash compensation (salary + bonuses). Lastly, $100k in California isn't worth as much, in real terms, as $100k in other parts of the U.S. The cost of living in California, especially in Silicon Valley where the majority of the people who make six figures by being C++ programmers are located, is ridiculously expensive. There are other tech hubs in the U.S., like DFW, Austin TX, Atlanta GA, St Louis MO, Raleigh NC, etc where people earn less, but also spend less to live and so can use more of their salary in a ""discretionary"" manner."


"You're missing the point here. The goal of ratings firms is **not** to accurately price debt. That's the market's job. The goal of ratings companies is to evaluate the ability of the company to service their debt instrument, much like how the goal of a public accounting firm is to assure that a company's financial statements follow GAAP.  The article implicitly makes the assertion that Aaa rated securities have pretty low default rates; it's mainly only the area of CDO backed securities that there's a large disconnect between the rating and default risk. While this does raise questions about the worthiness of these ratings and the way they went about modeling and rationalizing them, it hardly suggests that they are ""wrong over 50% of the time.""  As a side note, why not make it against the law for mutual funds to have rules that allow them to only hold Aaa rated securities? These funds that demand high credit ratings are only contributing to the conflict of interest by essentially ""asking for it."""


Well said.  To put it shortly I think both can be a viable source of some side income when proper risk management is in place.  It is likely not going to work when you are trading/betting with money that is important to you.  Paper trade/bet until you find a viable strategy.  Then use proper bankroll management and some expendable income to pick up some extra bucks on the side.  Sports betting is nice because the initial investment is much lower than day trading.


"No.  If the share price drops to $0, it's likely that the company is in bankruptcy. Usually, debt holders (especially holders of senior debt) are paid first, and you're entitled to whatever the bankruptcy proceedings decide to give holders of equity after the debt holders are paid off. More often than not, equity holders probably won't get much. To give an example, corporate bankruptcy usually involves one of two options: liquidation or reorganization. In the US, these are called Chapter 7 and Chapter 11 bankruptcy, respectively. Canada and the United Kingdom also have similar procedures for corporations, although in the UK, reorganization is often referred to as administration. Many countries have similar procedures in place. I'll use the US as an example because it's what I'm most familiar with. In Chapter 7 bankruptcy, the company is liquidated to pay its debts. Investopedia's article about bankruptcy states: During Chapter 7 bankruptcy, investors are considered especially low on the ladder. Usually, the stock of a company undergoing Chapter 7 proceedings is usually worthless, and investors lose the money they invested. If you hold a bond, you might receive a fraction of its face value. What you receive depends on the amount of assets available for distribution and where your investment ranks on the priority list on the first page. In Chapter 11 bankruptcy, the company is turned over to a trustee that guides it through a reorganization. The Investopedia article quotes the SEC to describe what happens to stockholders when this happens: ""During Chapter 11 bankruptcy, bondholders stop receiving interest and principal payments, and stockholders stop receiving dividends. If you are a bondholder, you may receive new stock in exchange for your bonds, new bonds or a combination of stock and bonds. If you are a stockholder, the trustee may ask you to send back your stock in exchange for shares in the reorganized company. The new shares may be fewer in number and worth less. The reorganization plan spells out your rights as an investor and what you can expect to receive, if anything, from the company."" The exact details will depend on the reorganization plan that's worked out, local laws, court agreements, etc.. For example, in the case of General Motor's bankruptcy, stockholders in the company before reorganization were left with worthless shares and were not granted shares in the new company."


"Malcolm Gladwell wrote a 2006 article called ""The Risk Pool"" documenting exactly that. Businesses did not want that power in their workers' hands, despite it being more efficient and better for their bottom line.  The unions went along with it because they thought eventually the costs would force them to come around.  They did not, instead places crushed by their benefit obligations like GM got bailed out and/or went into bankruptcy."


No it is not safe to take out a new mortgage - loan or anything credit related or any investment - in greece. Growing political risk, bonds have junk credit rating.  You will be underwater on your mortgage the day you apply for it. And you better believe that the buyers will be dry once you realize that it doesn't make sense to keep paying the mortgage. If you want to have some assets, there are more liquid things you can own, in your case: paper gold. Just rent.


The first thing you need to know is that getting a new social security number will not erase your credit history. In fact, using a name change or a social security number change to get out of debt is considered fraud in most jurisdictions and you can be arrested for it. As soon as you are issued a new social security number, your old number and new number are linked in the government and credit bureau files. Everything that was on your old credit report will appear on your new credit report. The second big thing to know is if you suspect that your social security number has been used fraudulently in regards to credit, stop reading this right now, immediately call one of the three major credit bureaus (Experian, TransUnion, or Equifax), and place what's called an initial fraud alert. You only need to call one of the three. The one you call will notify the other two. This places a flag on your credit file at all three bureaus which says that your identity may have been stolen and any financial institution which is processing an application for credit should immediately contact you at the phone number you provide. The alert is good for 90 days and you can renew it as many times as you wish. I suggest using TransUnion as your one call because I've called them when my identity was stolen, and they're automated system is very well designed. Now that that is out of the way... you said that they have your email address, but it is very unusual for people to be contacted by email for a debt. In fact, I would automatically disregard any emails about debts. Every legitimate financial institution I've ever come across will either call you or send mail to your last known address. Regarding what's being reported on your credit report, you need to type a letter to each credit bureau which is reporting the information telling them who you are and that you are disputing this information on your report. Mail it to the bureaus by certified mail with return receipt. Under United States law they are required to verify the information on your report, if you dispute it, and remove the information if they are unable to verify it. In many cases, it's too much of a hassle and the bureaus just remove the information. The other thing I'll leave you with is that you said you've only had credit in the past six months. Six months is not enough time to build an adequate credit profile. You really need to be strategic about your credit score. Every time you apply for credit, it drags the score just a little bit lower. Your question wasn't really about building credit, so I'll spare you the novel on that, but I would encourage you to seek out one of the many resources which are readily available online. I am not an attorney. This is not legal advice. You should consult with an attorney who is licensed to practice law in your particular jurisdiction.


Here's my opinion.  Families are going to have to hang together more. Since employment is so unstable, they need a way to get through the bumps. Several adults (plus children) living like a clan can do this, and family ties help with the social problems. We already are seeing adult children staying at home now.  Families need to build up capital too. In this new world, anyone who doesn't have some capital (i.e. a piece of the pie) is going to be an utter serf. If you're a serf, it's going to be extremely hard to build it up, most everything will go to just survival. Dividend or rent paying capital gives some independence. Families should prioritize working together to have some, even if it means sacrificing entertainment, eating out, etc.


If you are in poverty then I can understand. But every single middle class family who doesn't have savings deliberately made that choice. Hell, even their example is of some woman who decided that a huge house she no longer can afford (and most likely never could) was more important than starting a savings account.


This question is impossible answer for all markets but there are 2 more possibilities in my experience:


The same as when you are buying a car. If a dealer quotes 10k and you quote 8k. 8k is the buy price and 10k is the sell price.  Somebody might quote 8.5k and another dealer might quote 9.5k. The the new price that you see on your screen is 8.5k(Best buy price) and 9.5k(Best sell price). When the buyer and seller agree to an amount, the car(In your case stock) is traded.


There is no issue whatsoever, getting a mortgage this way as an unmarried couple. This is very similar to what I did while my wife and I were engaged. We we're on the title as joint tenants. I would expect them to have her as a signee to the mortgage.  She won't be able to claim 50% ownership and make things hard on the lender. The title will be contingent on the mortgage being paid. What will be harder is if you guys decide to split. It's not at all uncommon for unmarried couples to buy a house together. Find a broker and get their advice.


I really wanted to like SoundCloud.  I tried to like it, and for a while I did like it, was considering to upgrade to the paid platform. Then I discovered the Google audio cast simply did nto work on many musical tracks, for no apparent reason. Sometimes they would work one day, and not the next. That is fine, I figured it was some kind of retarded DRM on the platform given over to the creators. I'm fine with that, but the way the bug works is it doesn't just skip the track blocked on Google chrome audio cast, it just gets stuck.   Fuck it, I switched to Google play audio, via YouTube red. No stupid chrome cast drama, which BTW... could easily be circumvented by connecting an audio cable or using Bluetooth remote audio, it's just more convenient to use chrome cast.


Not entirely practicle advise. What about healthcare and all those other essential needs?  When it comes down to it if the economy is rockin and rollin like back in the mid-1990's people can easily jump boat to another company.  But in todays more sluggish enviroment that option is not their for most workers.  I think the honest fact is no good solutions are apparent.  You give some ideas but if saving money was that easy for most people then ... well you know ... why would anyone complain, right?


Putting the money in a bank savings account is a reasonably safe investment. Anything other than that will come with additional risk of various kinds. (That's right; not even a bank account is completely free of risk. Neither is withdrawing cash and storing it somewhere yourself.) And I don't know which country you are from, but you will certainly have access to your country's government bonds and the likes. You may also have access to mutual funds which invest in other countries' government bonds (bond or money-market funds). The question you need to ask yourself really is twofold. One, for how long do you intend to keep the money invested? (Shorter term investing should involve lower risk.) Two, what amount of risk (specifically, price volatility) are you willing to accept? The answers to those questions will determine which asset class(es) are appropriate in your particular case. Beyond that, you need to make a personal call: which asset class(es) do you believe are likely to do better or less bad than others? Low risk usually comes at the price of a lower return. Higher return usually involves taking more risk (specifically price volatility in the investment vehicle) but more risk does not necessarily guarantee a higher return - you may also lose a large fraction of or even the entire capital amount. In extreme cases (leveraged investments) you might even lose more than the capital amount. Gold may be a component of a well-diversified portfolio but I certainly would not recommend putting all of one's money in it. (The same goes for any asset class; a portfolio composed exclusively of stocks is no more well-diversified than a portfolio composed exclusively of precious metals, or government bonds.) For some specifics about investing in precious metals, you may want to see Pros & cons of investing in gold vs. platinum?.


Or how about we stop allowing employers to pay starvation wages through government intervention? How about we spend more money at picking up people left behind so their decisions don't forever shape their lives. We can do that. The money spent would pay dividends in our society.


> but their getting paid for any of that is another story  If you do things that other people value, you will never have a problem getting paid. The only time you can't get paid is if other people don't assign value to your labors. Basically, always be useful.


[Cash In Hand Loans] (http://www.cashinhandloans.co.uk) are extremely short-term loans that diverge among for a months. These loans are very useful for people who are in terrible require of cash at a very small notice before the after that payday. The payday loans no papers do have different positives like fast approval, no paperwork. Cash in hand loans arrange the appropriate loans deals for the all borrowers who are residing in U K.


The examples of debt in the article are about the ones who bought at around $100,000 years ago and then borrowed against the medallion as its value soared towards a million. This is like pretty much every bubble. Banks didn't place that level of debt on the owners, they foolishly loaned money to owners based on inflated values. Now both the banks and the owners are suffering the consequences of those bad loans as the values plummet.


"There isn't a single rate that works in both directions.  There are two rates, one for each direction.  So if $1 = 64.23 INR, you may find that 100 INR = $1.55.   In fact, it's even worse than that.  The ""rates"" are just the average values at which transactions occur.  What happens in the real world is that someone (presumably your bank in this instance) offers to sell 100 INR for some amount, perhaps $1.56.  Other traders may either accept this price or refuse to trade.  If they refuse to trade, the bank may accept one of their offers, perhaps $1.55.   Anyway, the answer to your question is that whomever does the actual conversion keeps the ""difference"".  Of course, they may then lose that money if the value falls before they sell.  More confusingly, either your bank or your friend's bank could do the conversion itself.  Either or both could hold balances in various currencies so that they don't have to rely on the vagaries of the exchange market.  This is called a money market account, and banks let their customers invest in them.   It is a bit more likely to be your bank that gets the money than your friend's bank.  Your friend's bank doesn't actually need to know that your account is in USD.  They just transfer the amount in INR.  It's your bank that has to convert that into USD to deposit in your account."


"This type of account will sell you just enough rope to hang yourself.  Gold is at $1400 or so. Were you around when it first hit $800 in '79/'80? I was. No one was saying ""sell"" only forecasts of $2000. If you bought and held, you've still not broken even to inflation let alone simple market returns."


In finance, a lot say corporate tax is the original sin.  Corporate taxes make debt financing more attractive, so every company's debt ratio is much higher than it would be if there were no corporate tax, which makes them more vulnerable to shocks in cashflow and at higher risk of default in a downturn.  A slight downturn can snowball into a larger one because companies are so heavily debt financed they end up unable to service their debt, and end up in worse situations than if they were more equity financed. Subsequently, banks become much more important in the economy because everyone is more leveraged, and more company value is tied up in bank/debt balances.  Of course, the voting public doesn't generally want to lower the corporate tax rate; because the general population believes this is how they get their pound of flesh out of corporate america -- however that is rarely the case.


Estos conceptos que son muy importantes saber, especialmente cuando usted está vendiendo un hogar, son fijo y la propiedad floja. En general, se puede decir que la propiedad real es la parte que acompañará a la compra arrendador, mientras que los bienes muebles son propiedad de las personas que viven en la casa y tiene la intención de llevar a la siguiente vivienda. La legislatura ha sido flexible y estableció una definición de lo que es un inmueble y luego señaló que todas las demás propiedades son propiedades sueltas.


The basic gist of the article is: Millennials don't have an innate preference for cities over previous generations, their life plans (marriage, family, house in the burbs, nice shiny new cars) have just been delayed due to the economic recession. Um, duh.


Keeping the home clean and tidy becomes difficult for people as they age. There can be many reasons behind homework problem. Older people have the problem of stiff or painful joints or decrease vision which might create a problem in the household work. The professional caring services help resolve all such problems perfectly.


Mời tài trợ trang Vàng Vật Chất  Jimmy Group kính chào quý khách,  Vàng Vật Chất được cả thế giới công nhận và được xem như 1 loại tiền chung, chuẩn mực trong thanh toán quốc tế . Như vậy, ý nghĩa của trang Vàng Vật Chất là trang thông tin chuẩn mực của dân Tài Chính và được cả Thế Giới công nhận. Jimmy Group là đơn vị xây dựng và phát triển trang Vàng Vật Chất phải luôn thực hiện sứ mệnh phục vụ cộng đồng nguồn thông tin SẠCH trong đầu tư  Theo thống kê lượt truy cập trong 3 tháng gần nhất của Alexa thì trang Vàng Vật Chất đang tạm thuộc TOP 1,514,968 trên Thế Giới và 12,167 của Việt Nam. update 2012-10-17 Về lượt truy cập trung bình của trang Vàng Vật Chất hiện nay tạm thời là 412 lượt xem trang mỗi ngày và lượt truy cập rất ổn định từ đầu tháng 5-2012 cho tới nay. update 2012-10-17 Với nhiều thông tin bổ ích, trang Vàng Vật Chất đang được nhiều đọc giả thường xuyên theo dõi hàng ngày và trong tương lai sẽ càng có thêm nhiều đọc giả quan tâm tới thông tin trên trang Vàng Vật Chất.  Nhằm hỗ trợ quý khách trong việc quảng bá Thương Hiệu của doanh nghiệp trên một trang thông tin Tài Chính sạch như trang Vàng Vật Chất, chúng tôi hoan nghênh quý khách tham gia tài trợ trang theo các loại hình như sau: - Đăng link giới thiệu website của doanh nghiệp: 500,000 – 1,000,000 đồng/tháng - Đưa banner giới thiệu về doanh nghiệp: 1,000,000 – 3,000,000 đồng/tháng - Đưa bài viết giới thiệu về doanh nghiệp: 1,000,000 – 2,000,000 đồng/bài  Chúng tôi phát triển cùng với sự phát triển của doanh nghiệp của bạn !  – JG cam kết phục vụ cộng đồng nguồn thông tin SẠCH trong đầu tư Hotline: 0 1992 1111 99


The car dealership doesn't care where you get the cash; they care about it becoming their money immediately and with no risk or complications. Any loan or other arrangements you make to raise the cash is Your Problem, not theirs, unless you arrange the loan through them.


"That depends on where/how you're charging. A Model 3 with a 55kWh battery will take less time to charge than a 75kWh battery.   Supercharger charges at 120kW, so the charge times would be:   55kWh / 120kW = 0.4583 hours = 27.5 minutes  75kWh / 120kW = 0.625 hours = 37.5 minutes  The appeal of an EV though is charging at home. If a user has a NEMA 14-50 installed that does 220v @ 40amps maximum, it offers 8.8kW of charging. So:   55kWh / 8.8kW = 6.25 hours   75kWh / 8.8kW = 8.52 hours  Other options exist for charging at home, such as the High Power Wall Charger, could do 220v @ 72amps, or 15.840kW.   55kWh / 15.840kW = 3.472 hours   75kWh / 15.840kW = 4.735 hours  The ""time to charge"" issue is more relevant for road trips, since the the average driver does less than 200 miles per day, and their car spends more time at home potentially plugged into a charger than driving. I have a 75kW battery in my Tesla, and it's nice to know that I could drive it to ""empty"" and then charge back up fully once I get home. Better yet, it will charge completely to full in about the amount of time I should be sleeping at home.   The ""range anxiety"" is closely tied to the charging concerns, and with the Tesla Supercharger network doubling by year's end and continuing to grow (both Tesla's 480v charging network, as well as other plug-in options like Chargepoint, Blink, EV-GO, etc), charging is less of a gamble and more of just simple planning. Apps like ""PlugShare"" allow you to see crowd-sourced reports of EV plugs, what types they use, type of charging available, cost, availability, and more. You can plan your drive to use Superchargers on the road, and then plan your destination or evening stop in a place with charging capability. I think it's only a matter of time before destination chargers develop a valet system like what Tesla does at many Superchargers. Otherwise, by the end of 2017, you should never be too far from a Supercharger, an EV charging station, or even some kind individual who will ""lend you some juice"" to get you where you're going."


I applaud all forms of tax evasion.  Considering that taxation is nesesary for on-going war, it's highly immoral to pay your taxes.  It will only lead to death.  However, it sounds like they're paying lots of taxes.  46 + 11.7 = 57.7%  How is that a loophole?  Sounds like they're getting shellacked.


>They’re using it as a way to manage their money better. It’s a question not necessarily of spending less but of learning how to spend smarter.  And  >From a strictly financial perspective, layaway looks foolish. As critics point out, if you were to put the purchase on a credit card instead and pay off the amount in full by the time that the layaway period would have elapsed, you could well pay less in interest than the five-dollar service fee that most stores charge. Alternatively, if you don’t have a credit card, you could put the money you’re going to spend on the product into a savings account or under your mattress. That would save you the service fee and eliminate the risk that you’ll have to pay a cancellation fee if you end up not making all the layaway payments.  Basically this.  Layaways do not make financial sense.  You are better off putting the money into a bank account.  Why do people have such little financial control?


"To the best of my knowledge, in California there's no such thing as registering a place as a business. There's zoning (residential/commercial/mixed/etc), and there's ""a business registered at a place"". But there's no ""place registered as a business"". So you better clarify what it is that you think your landlord did. It may be that the place is used for short term rentals, in which case the landlord may have to have registered a business of short term rentals there, depending on the local municipal or county rules. Specifically regarding the deposit, however, there's a very clear treatment in the California law. The landlord must provide itemized receipt for the amounts out of the deposit that were used, and the prices should be reasonable and based on the actual charges by the actual vendors. If you didn't get such a receipt, or the amounts are bogus and unsubstantiated - you have protection under the CA law."


"The Business Dictionary has three definitions of ""turnover"".  When it comes to share dealing, the most likely one is the total value of shares traded on the stock exchange in a given period."


"Uhh, you don't have to read the comments if you are sooo worried about people like me ruining  reddit you dumbass. And yeah, I'm not so weak minded that I allow a exchange with a moron on the Internet to fill me with an anger that persists over a period of weeks. I had my fun shutting you down then you went and ruined it by spitting nonsense an concluding your poorly thought out statements with such zingers as, ""eye won teh web fight! Now I report you to mods for being jerk!""   So yeah, I'm not bent out of shape, mad, or upset. People I have never met don't have that power over me. However, I wish I could meet you to see if you are for real.   Oh and when you say, ""and neither is anyone else"" let me remind you that it's just you and me here champ. Both yelling at each other in a void (figuratively of course)"


An inherited Roth has no tax due at withdrawal. This doesn't change in the case of an inherited Roth received through a spouse as a result of a QDRO. So no tax for you.  To be clear, for an inherited Roth, there's an RMD each year (even though one may be under 59-1/2, e.g. a 5 yr old beneficiary will have an RMD) but there is no penalty for taking more than the RMD or cashing the full value.  Is there more to your question? Why are you taking on debt?


It's telling how all you get out of it is that the real problem is someone exaggerating how egregious a highly egregious level of fraud was.  As if the important thing here is that it was *only* an $800billion market over 2007-2008. If that's what you've deemed the thing most worthy of note you need a reality check.


In the theater, it's a person who can afford to buy expensive pop corn, cause he can buy the expensive movie ticket too... Also sitting at one place will make him feel hungry and buy something to eat... So maximum chances are that in the theater, that guy is your potential customer... Otherwise if the popcorn seller is somewhere outside the theater, they may charge you less. That's because of a different target audience... They would be targeting anyone who comes near the theater, who would not be willing to pay for expensive snacks or movie tickets... So very few customers around will be actually potential customers... To maximize their profits, they will keep the prices low and supply as much as they can... I know this is going against the normal Price Elasticity of Demand and Supply graph, but if the prices are low there will be high demand, so if the PED is more than 1, the supplier should supply as much as they can, to maximize profits... Its all based on the target audience... That's what I think should be the case of expensive popcorn in movie theaters...


"If i do this, I would assume I have an equal probability to make a profit or a loss. The ""random walk""/EMH theory that you are assuming is debatable. Among many arguments against EMH, one of the more relevant ones is that there are actually winning trading strategies (e.g. momentum models in trending markets) which invalidates EMH.  Can I also assume that probabilistically speaking, a trader cannot do worst than random? Say, if I had to guess the roll of a dice, my chance of being correct can't be less than 16.667%. It's only true if the market is truly an independent stochastic process. As mentioned above, there are empirical evidences suggesting that it's not.  is it right to say then that it's equally difficult to purposely make a loss then it is to purposely make a profit?  The ability to profit is more than just being able to make a right call on which direction the market will be going. Even beginners can have a >50% chance of getting on the right side of the trades. It's the position management that kills most of the PnL."


I think a business that pays as little as possible for quality results is successful. Business isn't out to make everyone's lives better, it's out to make a profit. Generally a better paid work force is a more productive work force, but expecting companies to care about people for any other reason than for their own economic benefit is naive.


"In your situation, you probably should not cash in your IRA and 401(k). A good mortgage lender will want to see that you have ""reserves"" -- money that you could fall back on if you hit a very rough patch.  Your current savings and retirement accounts might add up to a suitable reserve. You might want to do something like this instead: By the way, instead of cashing in a 401(k), it is usually better to: This method avoids large tax penalties, and encourages you to rebuild your 401(k).  Unfortunately, your large debt balances might prevent you from getting the PLOC.  But even in the worst case scenario (where you cannot use a PLOC to pay off a 401(k) balloon payment), it postpones the tax hit until after the balloon payment."


">First of all, close to 25% of humans(but I think this statistic is particular to Americans) suffer from Mental Illness(whether they (or their peers) acknowledge it or not).   Define ""Mental Illness"", I dare you to come up with anything solidly consistent that would apply to anything anywhere *near* 25% of the population.  Psychology is, and always was a way of classifying behaviors without any real scientific basis  -- generally as a form of ""social control"" (although it can also be ""social apologia/justification"") -- Cf Drapetomania, etc.  The problem with that ""25% of people"" (or whatever percentage someone pulled out of their arse) -- is that it is defined by the group of people who specifically benefit from enlarging their client base.  You may as well ask Realtors to define what percentage of people are ""in need of housing changes"" (upsizing, downsizing, buying, etc)."


Most people carry a diversity of stock, bond, and commodities in their portfolio.  The ratio and types of these investments should be based on your goals and risk tolerance.  I personally choose to manage mine through mutual funds which combine the three, but ETFs are also becoming popular. As for where you keep your portfolio, it depends on what you're investing for.  If you're investing for retirement you are definitely best to keep as much of your investment as possible in 401k or IRAs (preferably Roth IRAs).  Many advisers suggest contributing as much to your 401k as your company matches, then the rest to IRA, and if you over contribute for the IRA back to the 401k.  You may choose to skip the 401k if you are not comfortable with the choices your company offers in it (such as only investing in company stock). If you are investing for a point closer than retirement and you still want the risk (and reward potential) of stock I would suggest investing in low tax mutual funds, or eating the tax and investing in regular mutual funds.  If you are going to take money out before retirement the penalties of a 401k or IRA make it not worth doing. Technically a savings account isn't investing, but rather a place to store money.


In some circumstances losses from self-employment can be offset against total income and/or capital gains. If this applies to you may be able to claim back some of the tax taken by PAYE from your day job.  You can also to some extent carry the loss backwards into previous tax years or forward into the next one if you can't use it fully this year. HMRC have some information available on the current rules: When you can claim losses  You can claim: But You can’t claim:


See, they got it backwards, you spend the money and THEN you raise taxes to cover it.  It's the spending that stimulates the economy, not the increased tax base.   (ps, yes I know Japan has a national debt and has therefore already spent the money ;)


Has anyone here ever actually bought something with their voice? This seriously sounds like the dumbest use for technology I can think of. Is it really not worth it to at least see a picture of the item you want before getting it?


Eh, you hear this argument all the time, but it doesn't actually work out that way in the real world, though, because corporate pay structure is extremely malleable over time.   If a company makes $100M one year, it will pay the investors what they're expecting, the low-level employees what they're willing to tolerate (which is often the minimum wage), and then the upper management whatever is left (i.e. whatever the company can afford to attract the best management). By bumping up the minimum wage, the main effect is that it forces companies to change their pay structures (which are currently ridiculous - the U.S. CEO-to-avg-worker pay is around 200:1; Japan and Germany are around 15:1, IIRC).  Feel free to dig deeper into the numbers and the studies if you want further evidence, but even a cursory glance at our history (or the current situation in Australia) shows that the effects of a high minimum wage on both inflation and unemployment are largely overstated.


Typically, withdrawing cash from an ATM once abroad gives you the best exchange rate, but check if your bank imposes ATM withdrawal fees. This works well for all major currencies, such as GBP, Euro, Yen, AUD. I've also withdrawn Croatian kunas, Brazilian reais and Moroccan dirhams without any trouble. In Southeast Asia, it may be a different story. Thai ATMs, for example, reportedly impose a surcharge of about $5.


Is this right? The example is slightly off. Google would be running a cafeteria that can be subsidized. Employees pay an amount to buy food. Not every one spends the same amount or eats the same amount of food. If someone doesn't use cafeteria; he doesn't get more money. For example, suppose John Doe makes $100,000 a year taxed at a rate of 20%, for a take home pay of $80,000. He spends $10,000 on food. His employer Corporation decides to give him all of his food and deduct it as a business expense - costing them $10,000. But now they can pay John Doe an amount so his take home pay will be reduced by $10,000 - $87,500 The company is now spending $97500 employing John Doe, for a savings of $2500$. If a scheme is devised specifically to evade taxes; then it is invalid. In this case Bill may buy groceries worth only $5000. So keep track of which employee buys how much groceries in added cost of Google. Plus one can't really call it a business expense.


To expand a bit on what TripeHound said in the comment section, past performance is not indicative of future performance, which is why the best advice is to ignore if you already own the stock or not.  If the stock goes down, but you've done your research and think it will come back, then investing more isn't a bad idea. If the stock is doing well and it will continue to do well, then invest more. Treat investing more into a stock you already own as a new investment and do your research.  TL;DR of your question, it's a very case-by-case basis


ICANN will protect you from theft but it might take months to sort out. I think the best ur gonna get is a registrar that supports 2fa. Setup auto pay of course and make sure registrar emails are valid/monitored.   Why not just hand the domains yourself and charge them double.


Dow will not exist in 100 years. AI computer trading will remove all faith in the current system and companies will find new ways to raise equity capital that won't necessarily involve traditional exchanges. Even if exchanges are still strong the concept of the DOW is flimsy even today.  I love Warren but he is not tech sophisticated enough to understand the shitstorm that AI will bring to financial markets.