Reminds me of last winter when two girls knocked on our door to shovel snow. I asked how much. They said $20. I pay $50-75 since I have a huge driveway (circular on one side and a regular driveway on to another street. I asked if they were sure because that is a lot of driveway. They say yes. I say, you got a deal and I'll give you $30 and you only have to do one of the driveways.  Look down 20 minutes later and they found out how hard it was and called their dad and he was stuck doing most of it. Very shitty job and they walked all over the snow on the other driveway making it even harder to shovel. Laughed a lot but had to pay a professional to clean up their mess.


The actual policy will vary based on the specific bank.  But, if I were in your shoes I'd include RMDs in my stated income for credit card purposes.


As you see these types of hacks escalate year after year with more and more consequences, at what point does the public realize that collecting immense volumes of personal data in a giant honeypot centralized repository is a bad idea?  There is a fundamental difference systemic risk and compartmentalized risk. Compare the technology of bitcoin/blockchains and it becomes obvious quickly that the future of digital security exists in decentralized wide open platforms. Bitcoin gains its security by *allowing* access to everyone, databases such as this Equifax one gain their security by *denying* access to everyone.   The traditional approach to IT security is the creation of a bubble boy, buried deep within the private intranet, nestled in tight within it's private VLAN. The swarming AIDS of the internet buzzing around the corporate firewall, just waiting for even a tiny micro-crack to open the flood gates of hell and implode the death star.   143 million Americans now at risk of identity theft even never had a choice.


Well to enlighten you a little STUPID people can figure out how to pass a drug, just like drug addicted loosers. So who would pick if you had to choose to hire an employee who was a raging emotional moron with a low IQ or just someone who was a weed smoker? Whats the risk of refusing to learn there could be a better way of doing things?


You're not wrong, but Uber has worse base pay, so it doesn't matter.  After I found out that they dropped the detroit mileage rate for drivers to well below the standard reimbursement for employees using a car (expected to cover fuel and wear and tear @$.56/mi), I realized how insane the race to the bottom was. They have since brought it back up, but it makes clear the generally horrible business practices and total lack of appreciation uber has for its drivers.


Business, complex economic operations concerning those functions that govern the production, distribution, and sale of goods and services for the benefit of the buyer and the profit of the seller. The economic transformation ushered in by the Industrial Revolution brought with it new and constantly changing ways of conducting business, and the creation of new forms of business organization that themselves have subsequently evolved to a greater or lesser degree. The main forms of business organization are described below.


If you had an agreement with your friend such that you could bring back a substantially similar car, you could sell the car and return a different one to him.  The nature of shares of stock is that, within the specified class, they are the same.  It's a fungible commodity like one pound of sand or a dollar bill.  The owner doesn't care which share is returned as long as a share is returned.   I'm sure there's a paragraph in your brokerage account terms of service eluding to the possibility of your shares being included in short sale transactions.


Oh there is a mark up, store brand items typically have better margins than the name brands. The quality is usually a hair lower compared to the name brand, but basically the same. Canned Green beans for example, might have a slightly more brownish tint and might not be as perfectly uniform in size. They still taste the same and you're probably not going to even notice the small difference.


Having a cushion / emergency fund will hopefully keep you from having to build up any more debt once your cards are paid off.  I would increase your payments on the 2% cards to a point where you feel comfortable in how much of a cushion you have.  Keep your payments steady on the 0% card. Be careful and watching your statements each month, often having a credit problem in another account (electric bill, cable bill, etc) will allow credit card companies to jack up your rates unexpected.  If that does happen, you've still got an emergency fund to pay them down quickly in the future.


"You should come to Europe and learn the realities of those countries, not believe the narrative of the USA progressives. The nordic european countries started the XX century quite de-centralize and free market based. Over time they became more social-democrat and ended up suffering a systemic crisis during the 80's. Since then they have been de-regulating and de-centralizing and they have recovered. For example, in Sweden 30% of the roads are private or most of them have a system of voucheurs for education.  Norway is an exception since they have petrol and can get away with stuff ""normal"" economies can not."


"We used an internal billing system where we have Project numbers, overheads, and proposal numbers. Projects may or may not have a client backing them, Overheads are strictly that, overhead costs.  In the chargeback system we utilize (written by yours truly) we devised an SLO (Service Level Offering) which is the default, PC and Default software such as Office, Adobe Reader, Windows etc... and the hardware itself plus depreciation. This, when analyzed with total Business Unit working manhours, can devise an hourly rate that we apply to all Projects/Overheads/Proposals through time booked to these account through the Timecard system. A rate of 3.00 per manhour worked is applied accross the business Unit.  Additional costs are divied by percentage based on Timecards. If Employee A charges 50% time to Project 1, 40% to Project 2 and 10% to project C, then those percentages will be applied to divy out the additional IT costs to the various projects, and thus making these items billable back to the client. This lowers our Overhead costs, transfers cost from Cost Centre to Profit Centre and lowers our GMAF.  As for external to IT, it often prevents shit from getting done. ""Hey man, can you help me for a second?"" ""RAAAAAAWWW GIMME CHARGE NUMBER!!!!!!!!"" and creates internal animosity between project managers."


Thank you for your reply. I have the same questions as OP.  And have scheduled for next year to dive in the CFA lecture, out of curiosity. Question does the literature change every year or is last year's or even before also a good basis to learn?


"I have worked for a number of assholes and the bottom line was this: there was no room for error. There was no ""he/she will understand that I'm human and just made a mistake."" Couple that with brilliant product ideas and you get brilliant products. But rest assured it sucked if you weren't one of the best at what you did."


"I don't know about the technicalities of retirement accounts, but I would advise you to please please please do not use retirement money to buy a home. The reason for not ever wanting to spend your retirement is.. when can you make it up?  When you retire, you are by definition no longer earning money, so all your expenses can only come from the money you have saved.  If you are willing to borrow from your retirement, it is not hard to imagine you are willing are willing to get a new car, or a new barbecue, or a new fishing boat before you repay yourself. So the question to ask yourself is, ""can I deal with renting for a few years knowing that I can retire comfortably, or am I willing to risk retirement to have a house now."" Part of the will power it takes to pay yourself first is not taking from your own savings.  You cannot count on anybody but yourself to take care of you when you are old. It is just opinion, but risking a comfortable retirement for a home now is not a risk anybody should take."


I disagree.  When you start giving that person money to invest, you are made very much aware that there is no guarantee that your investment will see a return or that you will ever see it again.  As long as the person managing your funds didn't do anything illegal to lose your money, then he was just doing his job as **both** the investor and he agreed upon.


I have used Quicken for over 10 years.  It has always provided the information I needed and I have always received good support from Intuit.


Well, that's the whole point of this issue, and why there's a debate.   And concerning the Cotsco analogy, whether retail and manufacturing can be the same entity or not, and whether as a retailer you can push only your own brands, is also up for debate.  It's called regulation, it's meant to prevent monopolies and cartels from forming, among other things. We've seen this happen elsewhere too (transportation, electricity, water, healthcare, etc...). Businesses *do not* have the right to do whatever they want.   I also think what has not been mentionend is that internet provision is effectively a cartel in the US, with different ISPs holding monopolies in different parts of the country, which has been allowed to continue.   Anyways, I'm not in the US, so I'm not affected by this (where I live has confirmed net neutrality and anti-monopoly legislation is important, and anyways there's ISP competition so this bullshit cannot be applied unless they work together) but I think if this goes through the US internet will end up even more like the US cable industry, to the detriment of users. I'm also worried about the knock on effects this will have with the rest of the World.


Equifax has a Single Use offering for $20 for their own score or $30 for the three big guy's reports.  I am a fan of Credit Karma which offers a free service that reflects the FICO score as good as any you'd pay for. Since each reporting agency can vary slightly, Credit Karma will have a score that's in the same range. And it's pretty much real time.


Don't do it!  The penalty and repayment requirements of the 401K will likely be more of a headache than the student loan payments.  Just pay off the student loans the normal way, or in larger chunks, if you can.  Student loans often have lower interest rates than other loans.   Think of your 401k as your long term savings.  Don't rob your long-term self to pay the student loans.


One big deciding factor will be what standard of living you want to maintain once you move out.  Your parents have had years to get raises, accumulate savings, and establish the standard of living you are used to.   Regardless of how much you save up now, you'll still have to be living at or below your means once you move out, that means that all the expenses you currently have covered by your parents have to come out of something you are currently spending elsewhere.  If they can come out of whatever extra money you have now, then great.  If not, you'll have to re-align your budget to align with your income. In my experience, seeing my friends and I move out, this was the biggest issue.  Those who settled into a new standard of living until their wages went up did fine (even the few who moved out at 18 with no savings).  Those who couldn't drop the extra expenses, and wanted to continue living at their parent's standard of living either never left home, ended up moving back, or ended up massively in debt.  We're only just hitting 30 now, so it didn't take long for things to settle out.


Dental implants are designed to artificially replace a tooth root using a small titanium post that is surgically inserted into the jaw. There is no need to be concerned, as we will ensure you are comfortable and relaxed during this procedure to insert single or multiple dental implants as required.


I'm currently using ecns to trade odd lot taxables. However, this is a market that some days produces big returns and some days the faucet is barely dripping. The constant uncertainly and having to go to work everyday to hunt is awesome but at the same time rather questionable in the long run. Any suggestions? I'm also looking to raise my current take home.


Whilst it is true that they do not have a conference call every time a rating is produced, the parameters of a natural oligopoly do indicate that there are negative effects of deviating too much from the other members of an oligopoly.   There are instances of rating agencies (Moody's) giving lower ratings to punish the issuer for going elsewhere (Re Hannover), but usually a slightly lower rating may be acceptable and is usually corrected to be in line with the competitor shortly afterwards. The power, arguably, is with the issuer in this sense because they can take their business to the 3rd member (Fitch) if the rating is too low from one of the Big Two. The preservation of the 'Big Two', for so long, is arguably testament to the S&P and Moody's understanding of these parameters  If the answer is not micromanaging, what do you think it is out of interest?


Are you allowed to have two personal current accounts with a debit card attached to each one? Yes, you may have as many current accounts you want, but you should ask why should I have more than one. It is cumbersome and time consuming to keep track of ongoing incoming credits and outgoing debits. Open to bank fraud too, if you aren't careful. If yes, can a sole trader in the UK use the second personal account for business transactions? Yes, but no payments to the business. At the end of the year you file you P11D, even if you have a business bank account. You would need to justify the expenses by keeping the bills and stuff. As it will be a personal account, you have to little more careful, not to mix personal and business expenses.  If you are allowed to use a second personal account for business transactions, then why would someone choose to open a business bank account, where you have to pay? What are the benefits? First of all no company will pay into you personal account, for any transactions, they need to pay you. They will only pay to an account registered with the business, with whom they are dealing with. Benefits are you have your business expenses sorted out in one account and personal expenses in other. Pure business expenses comes out of the business account, rather than from your personal purse, keeps the accounts smooth. No need to sort out expenses at the end of each quarter or at the end of each month.


As others have pointed out your bond funds should have short durations, preferably not more than about 2 years. If you are in a bond fund for the long haul meaning you do not have to draw on your bond fund a short time after interest rates have gone up, it is not a big issue. The fund's holdings will eventually turn over into higher interest bearing paper. If bonds do go down, you might want to add more to the fund(s) (see my comment on age-specific asset allocation below). Keep in mind that some stocks are interest sensitive, for example utility stocks which are used as an income source and their dividends compete with rates on CDs which are much safer. Right now CD rates are very low. This could change. It's possible that we may be in an unusually sensitive interest rate period that might have large effects on the stock market, yet to be determined. The reason is that rates have been so low for such a long time that folks that normally would have obtained income streams from bonds have turned to dividend bearing stocks. Some believe that recent market rises are due to such people seeking dividends to enhance cash inflows. If, and emphasis on if, this is true, we could see a sharp drop in the market as sell offs occur as those who want cash streams move from stocks to ultra safe, government insured CDs. Only time will tell if this is going to play out. If retirement for you is 15+ years in the future and the market goes down (bonds or equities), good stuff - it's a buying opportunity in whatever category has dropped. Most important is to keep an eye on your asset allocation and make sure it is appropriate to your age. You did not state the percentages in each category, so further discussion is impossible on that topic. With more than 15 years to go, I personally would be heavily weighted on the equity side, mostly mid-cap and some small equity funds or ETFs in both domestic and international markets. As you age, shuffle some equities into fixed income (bonds, CDs and the like). Work up an asset allocation plan - start thinking about it now. Don't wait.


> Too bad most people earning under $250k a year can't do that.  For what it is worth, a top 1% income starts at about $190,000 per year. Funny that we consider even people in the top 1% to be lower class.


Selling one fund and buying another will incur capital gains tax on the sale for the amount of the gain. I'm not aware of any sort of exemption available due to you moving out of the country. However, long-term capital gains for low-tax-bracket taxpayers is 0%. As long as your total income including the gains fits within the 15% regular tax bracket, you don't pay any long-term capital gains. Options for you that I see to avoid taxes are: Note that even if you do sell it all, it's only the amount of gains that would take your income over the 15% normal tax bracket that would be taxed at the long-term rate of 15%, which may not end up being that much of a tax hit. It may be worth calculating just how bad it would be based on your actual income. Also note that all I'm saying here is for US federal income taxes. The state you most recently lived in may still charge taxes if you're still considered a resident there in some fashion, and I don't know if your new home's government may try to take a cut as well.


To determine the value of one's life, instead of rating happiness from 1 to 10 every day in pink ink in a secret diary, use the concept of mercantile exchange to determine the value of your existence. First, offer your time for some initial price ($10) to some investors (Bob). Then, create an order book where anyone can make a bid or ask for your time. For example, Bob creates a sell order for 10 min of your time for $20. Mary creates a buy order for 10 min of your time for $20--Bob sells 10 min of your time to Mary for $20. Based on the supply and demand for your time, you could determine the value of your existence. Obviously, your time would no longer be yours, but it's interesting to consider nontheless and precisely equivalent to the process that determines stock price. (Ignoring the minutiae of order books and IPOs.)


For an individual its not automatic. One needs to ask the Bank, return the check.   For Corporate Customer depending on how big the relationship is, many a times this is given as a service and there is an automatic return


One idea that I read among some of the many, many personal finance blogs out there is to create a niche website with good content and generate some ad revenue. The example the author gave was a website he'd made with some lessons to learn basic Spanish. Something as specific as that has a reasonable chance of becoming popular even if you never post new content (since you were looking for passive). The ad income won't be great, but it's likely to stay > 0 for a significant while.


My understanding of Muslim finance is that you may not lend money at interest, including investing in in things that pay interest. However you may still make investments: it just has to be in places where you get a share of profit, rather than a fixed rate of return. You would be better asking the Muslim community specifically for more details. The benefits of compound interest apply, more or less, to other non-fixed-interest investments. If you invest $1000 in a business and get a 10% rate of return, you have $1100 to invest in your next venture, which means it will be more profitable and so on. That's why the growth happens, not specifically because it is interest. Stocks do not pay interest, and the 'magic' applies to them too. The fact that you might lose as well as win complicates things, but doesn't change the principle.


Thank you very much for your reply.   I'll look more into the CFA but I have a question - does it require an undergrad degree in finance/accounting to become licensed if you pass? Obviously that's an area that I need to do more research but a great place to start based on your suggestions.   If I take it in December I'll be 5 months from my masters. In that case it makes more sense to complete the masters because quitting that close to the end really throws a lot away. I know counseling isn't specific to the field, but people skills seem to be the cornerstone of every career.   Thank you again for taking the time to respond. I feel like a small fish in a big pond. The earning potential is shiny, but I'm more interested in a career that is not as emotionally taxing and that tailors to my skill set, critical thinking, and love for evaluating/speculating/problem-solving.


But it still has additional complications, kid. https://www.michigan.gov/documents/lara/MERC_Guide_2014-_rev_final_6-9-14_458557_7.pdf  And I'm sure all of those foreign auto companies choosing not to build in Michigan are also out of their depth.  Edit - And while right to work was passed 2012 it takes a while for that to weaken unions significantly. Going to a state where before their loss labor was trying to add a constitutional amendment protecting the right to collective bargaining is just asking for additional trouble down the road. https://www.theatlantic.com/business/archive/2012/12/right-to-work-wont-doom-michigans-unions-it-might-even-save-them/266160/


"My answer is Microsoft Excel.  Google ""VBA for dummies"" (seriously) and find out if your brokerage offers an 'API'.  With a brief understanding of coding you can get a spreadsheet that is live connected to your brokers data stream.  Say you have a spreadsheet with the 1990 value of each in the first two columns (cells a1 and b1).  Maybe this formula could be the third column, it'll tell you how much to buy or sell to rebalance them.   then to iterate the rebalance, set both a2 and b2 to =C1 and drag the formula through row 25, one row for each year.  It'll probably be a little more work than that, but you get the idea."


"While it's not true that you have to use leverage to participate in Forex, the alternative makes it impractical for most people to be able to do so.  You need to be able to put a lot of money into it in order to not trade on leverage. The fact is, most accounts for ""normal"" people require leverage because the size of the typical contract is more than the average person can afford to risk (or usually more than the average person has). Leverage, however, in the Forex market is not like Leverage in the stock or commodities market (well, they're the same thing in theory, but they are executed differently).  In Forex, the broker is the one lending you the money in nearly all cases, and they will cash out your position when your account balance is exhausted.  Thus, there is no risk for them (barring fraud or other illegal issues).  Technically, I don't believe they guarantee that you will not accrue a debt, but I've never heard of anyone having their position cashed out and then owed more money.  They've very good about making sure you can only spend money you've deposited. To put this another way, if you have $1,000 in your account and you are leveraged to 100,000.  Once your trade drops to $1000 in losses your position is automatically cashed out.  There is no risk to the broker, and no risk to you (other than your $1000)... So trading without leverage has little value, while traiding with leverage has lots of potential gain and no downsides (other than a faster rate of loss, but if you're worried about that, just trade smaller lots.)"


"The first red flag of your ""facts"": One of the article's sources is an Atlantic article with the title, ""Entrepreneurship: The Ultimate White Privilege?"". The article rants on and on about politically correct SJW nonsense.  Red flag 2: The Andrew J. Oswald ""What Makes an Entrepreneur?"" study that is cited to prove access to capital is a helping factor (Your daddy money argument) is from 1998. A hell of a lot has changed since then. Forbes reported a 32% jump (up to 70%) of self-made millionaires from 1982 to 2012.  Red flag 3: The article was trash, mainly used as a tool to attack ""white privileged males"". The article only said, ""Hey, look a study!"" and didn't mention any data. The only actual mention of data in the article is ""more than 80% of funding for new businesses comes from personal savings and friends and family."" Well, yeah. That's where most businesses look for their first small investment.  Actual facts:  [60% of billionaires are self-made](https://www.entrepreneur.com/article/269593)  [70%+ percent of millionaires are self-made](http://www.thomasjstanley.com/2014/05/america-where-millionaires-are-self-made/)  Btw, thanks for the laugh. Didn't know anyone took Qz serious!"


"Ordinarily a stock split increases all shareholders' share counts, so that there is no change in anybody's voting power.  For example, if you owned 1% of the company before the split, after the split you now have twice as many shares, but there are now twice as many shares outstanding, so you still own 1% of the company.  Also, stock splits are not ordinarily ""triggered"".  Usually they happen when the board decides that for one reason or another it's desirable to increase the number of shares in circulation, which causes the price of each share to decrease proportionally.   I'm not familiar with the show, and in particular I don't know what the action is that the character being addressed is thinking of taking, but it sounds like they are describing something akin to a ""poison pill"".  In these arrangements, the ""pill"" is triggered by some predefined condition, say a party acquiring shares in excess of a defined threshold.  What typically happens is that shareholders other than the ones who triggered the pill get a chance to buy shares at a substantial discount, thereby diluting the shares of the party that triggered it.  Because the other shareholders have to buy their additional shares, albeit at a discount, and because it applies only to certain shares, it's not really a split, but it's close enough that the writers of the show may have felt it was worth using the term that is more familiar to the public."


Yahoo didn't know what it wanted to become, and as a turnaround CEO, if she had one job, it was to figure out what Yahoo wanted to become, establish that vision, and catalyze Yahoo's employees, investors and users around that mission. Mayer didn't even make a nominal effort to do this, she was preoccupied with details. Rearranging deck chairs. Possibly she's a good manager, but she's not much of a leader.


"> In the future, if nearly every job is taken by a very advanced robot, which are even capable of maintaining themselves, humans would not just be left behind. The economy needs consumers. Instead, we would live in a world of infinite entrepreneurship, in which the means of production are nearly free for anyone, and people prosper by their ambition and drive. Everyone would own their own robots that do work on their behalf. The amount of resources available to all would be incredible, and people would be free to do things they actually want to do. The contrary of course, is a socialist ""utopia""; a world of everyone being dependent on the government to provide them their basic income. Instead, we're looking at a free world in which every person is a capitalist in control of their own robots. >   Upfront investment cost to create a contemporary business is challenging today, and this is before a firm anticipation of the cost of labour declining in developed nations.   The lack of value for one's own labour will impede investment in new capital machines; using one's employed labour to generate start up capital is key to your projection (short of inheritance) and if this market fails to empower consumers with capital demand will suffer.  Secondly, I don't see every individual, or a majority of individuals endowed with the capacities to live in an economy of small businesses.    In fact imagining that world sort of economy seems inconceivable to me.    Dividends from certain automated industries might become an economic necessity, and this structure wouldn't necessarily disrupt private enterprise; but it may if that private enterprise were to evolve into something which gains overwhelming market power or monopoly."


To make it simple, just use gold as the main benchmark. Gold price never moves, FIAT currencies move around the price of gold.  So, when comparing US$ and Australian dollars to the gold, you know which currency is moving up and which down.


I use two measures to define investment risk: What's the longest period of time over which this investment has had negative returns? What's the worst-case fall in the value of this investment (peak to trough)? I find that the former works best for long-term investments, like retirement. As a concrete example, I have most of my retirement money in equity, since the Sensex has had zero returns over as long as a decade. Since my investment time-frame is longer, equity is risk-free, by this measure. For short-term investments, like money put aside to buy a car next year, the second measure works better. For this purpose, I might choose a debt fund that isn't the safest, and has had a worst-case 8% loss over the past decade. I can afford that loss, putting in more money from my pocket to buy the car, if needed. So, I might choose this fund for this purpose, taking a slight risk to earn higher return. In any case, how much money I need for a car can only be a rough guess, so having 8% less than originally planned may turn out to be enough. Or it may turn out that the entire amount originally planned for is insufficient, in which case a further 8% shortfall may not be a big deal. These two measures I've defined are simple to explain and understand, unlike academic stuff like beta, standard deviation, information ratio or other mumbo-jumbo. And they are simple to apply to a practical problem, as I've illustrated with the two examples above. On the other hand, if someone tells me that the standard deviation of a mutual fund is 15%, I'll have no idea what that means, or how to apply that to my financial situation. All this suffers from the problem of being limited to historical data, and the future may not be like the past. But that affects any risk statistic, and you can't do better unless you have a time machine.


"The current mortgaged owner would typically not have the right to sell any portion of the house without approval from the bank. The bank doesn't ""own"" the house through the mortgage, but they do have a series of rights that, in some cases, look similar to ownership.  Remember that a mortgage is just a loan that uses a house as collateral, to reduce the risk to the lender in the event of default. If it was just a personal loan, without collateral, then there would be a much higher risk of default (and therefore the interest rate would be closer to 20% than 2%). But because the loan was taken with collateral, that collateral can't be sold without the bank's permission. If the bank allowed this to happen, then one risk would be exactly as you say - that the mortgagee stops paying the bank, and the bank no longer is able to recover the full value of the loan on selling the remaining 50% of the house owed as collateral."


Well, you're wrong. Not paying taxes is actually a *very* American sentiment.  I do it because I have to. I don't enjoy it, and it certainly doesn't feel honorable. 95% of my taxes go to a combination of:  -Things I hate (Military, Welfare, Social Security, surveillance)  -Things I will *never* get to use (Welfare, Social Security, MedicAid)  -Things I don't want and didn't ask for (regulatory agencies, Unemployment, militarized police)  The other 5% or some other fucking miniscule quantity goes to things I want and use, but would probably still be more efficiently provided by someone else.


As mbhunter said, extra payments of principal don't affect your taxes (except to the extent that you'll pay less interest, because the amount you owe interest on - the total balance/principal - is smaller).  If you want to reduce your taxes, you might pay into an IRA instead.


Quite the opposite. Horton's will now have access to markets they previously never operated in and while the boards will be managed separately for the moment there is much speculation that Burger King/Tim Horton's will become a Canadian company in the near term because of the tax advantages.   If that happens, and I think it will, you can almost look at it like Tim Horton's just bought Burger King.


My view is that hedge funds and high-frequency traders tend to create this correlation because they're making directional bets on individual stocks, grouped as a whole, and then share these ideas with so many other funds (who, in turn, do the same thing).  I think Beta and inflated share prices are related to this effect, but are not the cause of this effect.


I'm not going to discuss speed here, because speed is just a characteristic of bandwidth for purposes of this discussion.    Bandwidth is not at all unlimited.  I'm not going to act in a pedantic fashion with you, but the idea of bandwidth almost literally dominates the data delivery model.  From the telcos, to the wireless providers, to the fixed infrastructure providers it is literally the dependent variable upon which the rest of their business is based.  It is absolutely limited, and it's valuable.  And - most importantly - *it's privately owned.*    Yet you want to take it from its owners (those owners are the shareholders of these companies, among which you are likely) and simply give away their most valuable competitive advantage because...  ...you support the right of any Tom, Dick or Harry and their business to push their information to you for free?


"Om te beginnen, wil **Southbourne Tax Group** u te onthouden van dit specifieke citaat door Colin Wright, ""schuld is zowel anker en pijn. Het ons weegt en zwaartekracht pijnlijk maakt."" Zou dit een goede aanvulling op uw vastberadenheid op niet toe te voegen meer schulden.  Het Southbourne team begonnen hun onderzoek over het onderwerp door het hebben van goede gesprekken met een paar financiële coaches om te weten van hun eigen uitleg van het weggaan van schuld en hun suggesties aan mensen. Elk van die deskundigen heeft goede eigenschappen en is betrouwbaar op hun vakgebied. Verrassend, sommigen van hen al dieptepunt financiële, echter hun gewijzigde financiële levensstijl en de inzet terug brengt hun persoonlijke financiën op het juiste spoor.  De financiële coaches aan **[Southbourne groep](http://www.thesouthbournegroup.com/)** zei dat ze willen mensen inspireren en hen helpen uit schuld te krijgen door het delen van hun eigen verhalen en financiële worstelt. Opgesomd in de volgende bevat de samenvatting van het team vergaarde gegevens uit eigen onderzoek en hun discussie met die deskundigen.  **Zeer verantwoordelijk**  Altijd in controle over uw persoonlijke financiën om te voorkomen dat schulden. Als u momenteel een goede financiële situatie en dat is goed, geen schulden hebt maar niet voorbijgaan aan het feit dat ""dingen niet gaan zoals gepland soms"". U weet het misschien niet, maar u bent al hard op uw financiën vallen doordat er geen controle op uw uitgaven. Een budget en met alle middelen gevolgd door een sterk gedisciplineerd mentaliteit.  Leven verandert kunnen vangen u off-guard waar je niet klaar aan te passen aan deze wijzigingen. Bijvoorbeeld, werd uw partner verliezen zijn of haar baan of uw full-time werk een deeltijds werk. Met dergelijke wijzigingen, moet u ook uw financiële levensstijl aanpassen. Wees niet een zorgeloze spender en gebruikt nog steeds uw geld, zoals u deed voordat dergelijke gebeurtenissen plaatsvinden.  Als u momenteel enorme financiële problemen hebt, niet toegeven aan de gedachte van het betalen van uw oude schulden door nieuwe want het zal alleen een cyclus die geen einde heeft. Niet hard op uw financiën vallen en verantwoording af te leggen voor elke cent die u besteedt.  **Zoeken die financiële vrijheid**  Uw definitie van financiële vrijheid zou anders dan anderen, maar simpel gezegd, Scott Young zei dat het over ""genoeg geld te verdienen en het opbouwen van de geestelijke discipline om te voorkomen dat geld dat u controle"".  Maak je niet zelf geloven in valse excuses zoals heb je de kans om de loterij te winnen en dan u al uw schulden betalen kunt. Verstrikt te raken in uw financiën vereist een sterker op te lossen om eruit te komen. Wees niet wanhopig maar in plaats daarvan een manier vinden om uw probleem en geloven dat er altijd een oplossing voor u klaar.  **Southbourne Tax Group** stelt iedere lezer dat u moet plan en een begroting om te controleren uw uitgaven en goed kan overnemen van uw persoonlijke financiën.  **Vergeet niet je emotionele leven**  Niet maak geld het centrum van alles. Inderdaad, je moet om uit de buurt van schulden door te werken hard en wint meer inkomen, maar op hetzelfde moment, vergeet niet je moet vormen van kameraadschap met anderen en meer prachtige herinneringen maken met uw gezin, omdat die dingen u gevoel levend maken.  **Zeg ""Nee"" tegen het idee van meer schulden**  Je bent hier omdat u krijgen uit de buurt van schulden wilde, niet te verontschuldigen meer toe te voegen. Bouw die de denkrichting van een sterker en gedisciplineerde zodat je altijd ""Nee"" schulden sinds zeggen kunt er altijd is verleidelijk kunnen meer schulden oplopen.  **Southbourne groep** zal ter afsluiting van dit artikel, laat dit citaat van Benjamin Franklin aan u als een herinnering dat het toevoegen van meer aan uw schulden niet een goede zaak is, en dus het zegt, ""ga liever naar bed zonder diner dan stijgen in de schuld."""


"It's generally not possible to open a business account in the UK remotely.  It's even difficult (near impossible) for a non-resident (even if a citizen) to open a business or personal bank account while visiting the UK. A recent report says that it may be possible to open an account via Barclays Offshore in the Isle of Man.  This requires a large deposit, and probably lots of paperwork and fees (most offshore locations have stricter ""know your customer"" rules than major countries). Note that while the Isle of Man is inside the UK banking system (for sort codes, account numbers), it is a separate territory that doesn't have the same deposit guarantees as the UK. There is no legal reason why a UK company has to bank within the UK banking system, although many companies paying the company would expect it or require it, and an account in anything other than sterling would complicate the accounts. It could have an account in your home country.   It's not even a legal requirement that the company has an account in its own name at all.  Some people use a (separate) personal account for this purpose.  There are plenty of reasons why this is a bad idea (for example it's unclear who/what owns the money in the account, and can give the appearance of director's loans), but it's a work-around.  Most inbound electronic payments only require a sort code and account number, the account owner name is not checked. The UK does have a much simpler and cheaper company registry than most European countries, but the near-impossibility of opening a bank account for a business in the UK as a non-resident has made it an unsuitable place to register a small international company."


"The first consideration for the banking part of your portfolio is safety. In the United States that is FDIC protection, or the equivalent for a Credit Union. The second consideration is does it have the level of service you need. For this I mean the location of branches, ATMs, or its online services meet your needs for speed, accuracy, and ability to access or move the money as you need. The rest are then balanced on the extras. For your situation those extras include the ability to make free trades. For other it might be a discount on their mortgage. For others it is free checking.  In your current situation if the first two things are met, and you are using those extra benefits then don't change. For me the free trades wouldn't be a benefit, so any major degradation in the safety and service would cause me to leave. Keep in mind that free services exist to entice you to make a deposit: which they can then make money by lending it out; or they offer a free service to entice you to use a service they can charge you to use. All Free services come with a cost. I earned a completely paltry $3.33 YTD over the last 9 months on my   savings at my bank presumably in exchange for these ""free"" trades. Without knowing how much you had deposited in your savings account there is no way to know how much you could have made at the bank across the street. But with the low rates of the last decade there is not big money to be made off the emergency savings of a typical american family."


You probably won't get a mortgage. UDSA has a 41% ratio of monthly debt to monthly income limit, and a score of 660 or better. A 250,000 mortgage at current rates for 30 year mortgage is about $1560/mo. (included in this figure is the 1% mortgage insurance premium, the .4% annual fee, the current rate for a 660 credit rating, the 2% points fee added at the front of the mortgage, typical closing cost added to transaction, and the .5% fee for over-mortgage insurance for the first 3 years since your mortgage will be higher than the value of the house due to these additional fees) Credit card payments = $120 ($60 times 2) Car payments = $542 ($271 for your car, $271 for the car you will be getting) Student loan = $50/month Child Support = $500/month Total = $2772/month Your income per month is 82000/12 = $6833/month $2772/$6833 = 40.6%...  This is awfully close to the limit, so they likely would also look at your ability to save.  Not seeing savings in the above example, I assume it is low.  USDA site One mortgage help site breaks down some of the requirements into layman's language. Not knowing your exact location (county/state) and how many children you have, it is hard to be sure whether you make too much to qualify.  This link shows the income limits by number of people in the house and the county/state.  There are few places in which you could be living that would qualify you to any of their programs unless you have a several children. As others have posted, I suggest you get your debt down.


California is very aggressive about enforcing LLC franchise taxes.  The only correction I'd make to Kekito's answer is that the fee is $800 minimum or some percentage of the LLC's total business volume in the state.  What's killer about it is that the tax is dependent not on what your LLC's profit is, but what its revenues are!  Here's a good link explaining how the tax is calculated: California LLC Franchise Tax Rates Be very careful about making sure you comply with every dot in the California codes or else you really won't like what happens.  It's one of the reasons so many companies avoid locating operations in California if at all possible. I hope this helps. Good luck!


Not really in corporate finance, but I can see this being use to academics if it's good. As you mention, professionals usually have access to Bloomberg terminals and other data tools which kind of obsolete a third party project. Academics, on the other hand, are often lacking access to those kinds of resources.


New Mortgage Rules - Special report!  Please read in full and share this with your friends and family today!  You will now qualify for significantly less: -A family with $65,000 in income and no dept with 5% down could previously buy a home for about $525,000 -Now they can only spend about $410,000  READ FULL ARTICLE HERE: http://ownyourlife.ca/mortgages-marketing/new-mortgage-rules-special-report.html


This isn't news really.  Perhaps an honest admission from an executive is a step forward, sure, but we all knew the banks were doing this.  It's one of those things where the sound of an honest admission is nice, but we're not more informed as a result.


the biggest issue with a pure physical dividend is the cost of transfer. Cash or stock dividends are decentralized **and** easy to transfer ownership, hence the majority of value can be transferred to the shareholder.   If you were to deliver wine to every shareholder, you would have to deduct the cost of transport from the value of the wine dividend, otherwise it becomes value-reductive to shareholders and they'd be better off keeping the dividend as stock value.


If treaties are involved for something other than exempting student wages on campus, you shouldn't do it yourself but talk to a licensed US tax adviser (EA/CPA licensed in your state) who's well-versed in the specific treaty. Double taxation provisions generally mean that you can credit the foreign tax paid to your US tax liability, but in the US you can do that regardless of treaties (some countries don't allow that). Also, if you're a US tax resident (or even worse - a US citizen), the royalties related treaty provision might not even apply to you at all (see the savings clause). FICA taxes are generally not part of the income tax treaties but totalization agreements (social security-related taxes, not income taxes). Most countries who have income tax treaties with the US - don't have social security totalization agreements. Bottom line - talk to a licensed professional.


What the fuck is he doing?  We released held up funds in exchange for this deal.  You can't just get that back from Iran.  If we revoke the deal, they just get to keep the cash, and not hold their end of the bargain.    How is this completely incompetent turd still sitting in the Oval Office?


Looks like you have three options: Outside of this you might need to look for a different type of account. Hope that helps.


It just amazes me that they haven't already. I know people who work at big banks that do nothing but run spreadsheets and analyze the balance boxes all day. The only reason they haven't been automated yet is because their tech guys produce more value working on trading algorithms.


"If the stock market dropped 30%-40% next month, providing you with a rare opportunity to buy stocks at a deep discount, wouldn't you want to have some of your assets in investments other than stocks? If you don't otherwise have piles of new cash to throw into the market when it significantly tanks, then having some of your portfolio invested elsewhere will enable you to back up the proverbial truck and load up on more stocks while they are on sale. I'm not advocating active market timing. Rather, the way that long-term investors capitalize on such opportunities is by choosing a portfolio asset allocation that includes some percentage of safer assets (e.g. cash, short term bonds, etc.), permitting the investor to rebalance the portfolio periodically back to target allocations (e.g. 80% stocks, 20% bonds.) When rebalancing would have you buy stocks, it's usually because they are on sale. Similarly, when rebalancing would have you sell stocks, it's usually because they are overpriced. So, don't consider ""safer investments"" strictly as a way to reduce your risk. Rather, they can give you the means to take advantage of market drops, rather than just riding it out when you are already 100% invested in stocks. I could say a lot more about diversification and risk reduction, but there are plenty of other great questions on the site that you can look through instead."


"This is the best tl;dr I could make, [original](http://money.cnn.com/2017/09/06/investing/wells-fargo-trump-deregulation/index.html) reduced by 87%. (I'm a bot) ***** > Now, instead of talking about hearings on bank deregulation, Congressional Republicans are under pressure to hold another round of hearings on Wells Fargo.  > Still, Waters promised to introduce legislation to &quot;Break up banks like Wells Fargo that repeatedly engage in consumer abuses, so that they can never harm consumers again.""  > Without naming Wells Fargo specifically, Federal Reserve chief Janet Yellen spoke recently about pushing back on financial deregulation by reminding the audience the global financial crisis began just a decade ago.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6ygzv5/wells_fargo_scandals_are_sabotaging_trumps/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~205375 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Wells**^#1 **Fargo**^#2 **bank**^#3 **Financial**^#4 **scandal**^#5"


Legal tender laws and capital gains tax mean that other commodities are at an unfair legal disadvantage to local fiat currency.  In other words, governments are using taxes and regulations to manipulate the market and create artificial demand for the currency their central bank has a monopoly on the creation of.


Yea but it costs a lot to import cars and parts from overseas   The U.S. is still a massive manufacturer, we manufacture almost as much as China here. In fact China only passed us a few years ago in some measures, and we still lead in others


Actually, in Germany people still go and buy books in stores.  Small stores, too.  They have nice and educated people there.  It's a pleasure going there, and you get the book there next day when you are in town again anyway.  The best kind of old fashioned I have met yet.


"An old question... but the recent answer for me turned out to be Check (formerly Pageonce) https://check.me/ (NOTE: Check was recently purchased by Intuit and is now MintBills) The only thing Check doesn't do that PayTrust did was accept paper bills from payees that couldn't do eBill... but that's a rare problem anymore (for me anyways).  I went through each of my payees in PayTrust and added them into Check, it found almost all of them... I added my security info for their logins, and it was setup. The few that Check couldn't find, it asked me for the details and would contact them to try and get it setup... but in the meantime I just added them to my bank's billpay system with automatic payment rules (my mortgage company was the only one it couldn't find, and I know what my mortgage is every month so it's easy to setup a consistent rule) Check does so much more than PayTrust will ever do... Check has a MOBILE APP, and it is really the centerpiece of the whole system... you never really log into the website from your desktop (except to setup all the payees)... most of the time you just get alerts on your phone when a bill is due and you just click ""pay"" and choose a funding source, and bam you're done. It's been awesome so far... I highly recommend dumping PayTrust for it! FYI:  Check is clearly winning at this point, but some of the competition are  are http://manilla.com (not sure if you can pay your bills through them though) and DoxoPay ( https://www.doxo.com/posts/pay-your-bills-on-the-go-with-mobile-doxopay-new-android-app-and-an-updated-iphone-app/ )"


"1. The Great Pyramids, The Great Sphinx, El Giza, and Cairo photographed from the International Space Station by an astronaut orbiting 337.064 kilometers (209.442 miles or 182 nautical miles) above Egypt (latitude 30.6, longitude 31.3) on 24 January 2010 at 08:09:12 GMT: [800 x 533 pixels](http://chamorrobible.org/images/photos/gpw-20040823-NASA-ISS022-E-36022-Earth-from-space-El-Giza-Great-Pyramids-Cairo-Egypt-20100124.jpg), [2000 x 1332 pixels](http://chamorrobible.org/images/photos/gpw-20040823-NASA-ISS022-E-36022-Earth-from-space-El-Giza-Great-Pyramids-Cairo-Egypt-20100124-other.jpg), [3002 x 2000 pixels](http://chamorrobible.org/images/photos/gpw-20040823-NASA-ISS022-E-36022-Earth-from-space-El-Giza-Great-Pyramids-Cairo-Egypt-20100124-medium.jpg), [4502 x 3000 pixels](http://chamorrobible.org/images/photos/gpw-20040823-NASA-ISS022-E-36022-Earth-from-space-El-Giza-Great-Pyramids-Cairo-Egypt-20100124-large.jpg), [6048 x 4030 pixels](http://chamorrobible.org/images/photos/gpw-20040823-NASA-ISS022-E-36022-Earth-from-space-El-Giza-Great-Pyramids-Cairo-Egypt-20100124-huge.jpg)      Source + More Photos: #12 at http://chamorrobible.org/gpw/gpw-20040823.htm  2. ""The Vanishing Nile: A Great River Faces a Multitude of Threats"" by Richard Conniff, published on 6 April 2017: http://e360.yale.edu/features/vanishing-nile-a-great-river-faces-a-multitude-of-threats-egypt-dam   3. The Nile River photographed from the International Space Station (ISS) ""at night,"" says Roscosmos Cosmonaut Sergey Nikolayevich Ryazansky on 15 September 2017: https://pbs.twimg.com/media/DJy4YzDWsAAVpyE.jpg:large      Source: https://twitter.com/SergeyISS/status/908803985859072000   4. ""Existing only from the Nile, Egypt fears disaster from a dam"" by Maggie Michael, published on 2 October 2017: https://apnews.com/046e3b91cd394690a685761c3da6f2ed/Existing-only-from-the-Nile,-Egypt-fears-disaster-from-a-dam          Larger photos: https://www.seattletimes.com/nation-world/existing-only-from-the-nile-egypt-fears-disaster-from-a-dam"


I find the higher estimates a bit unbelievable. A big part of my job is liability valuation and small assumption changes can have a huge impact on results.  They may be right (future) dollar value wise but the proper way to think about this stuff is in present value terms.  This could actually be a really interesting study - you all just gave me a great idea for a potential masters thesis :)


"The short answer is that the exchange of the stock in exchange for the elimination of a debt is a taxable exchange, and gains or losses are possible for the stock investor as well as the bank.   The somewhat longer answer is best summarized as noting that banks don't usually accept stocks as collateral, mostly because stock values are volatile and most banks are not equipped to monitor the risk involved but it is very much part of the business of stock brokers.   In the USA, as a practical matter I only know of stock brokerages offering loans against stock as part of the standard services of a ""margin account"". You can get a margin account at any US stock broker. The stockholder can deposit their shares in the margin account and then borrow around 50% of the value, though that is a bit much to borrow and a lower amount would be safer from sudden demands for repayment in the form of margin calls. In a brokerage account I can not imagine a need to repay a margin loan if the stocks dividends plus capital appreciation rises in value faster than the margin loan rate creates interest charges...  Trouble begins as the stock value goes down.  When the value of the loan exceeds a certain percentage of the stock value, which can depend on the stock and the broker's policy but is also subject to federal rules like Regulation T, the broker can call in the loan and/or take initiative to sell the stock to repay the loan.   Notice that this may result in a capital gain or loss, depending on the investor's tax basis which is usually the original cost of the stock.  Of course, this sale affects the taxes of the investor irregardless of who gets the money."


https://www.reddit.com/r/nba/comments/76kfob/comment/dogaxph?st=J8UIVZS9&sh=dc05f8f9  Read the entire argument with me and that guy, he really thinks prices won’t increase if tipping is eliminated. He even says “it is impossible to guess” that prices would increase.  There are a ton of people in this thread who are oblivious to the obvious increase in price that would happen if tipping stopped, and most of those comments are heavily upvoted.


It has to do with return. I don't know if Canada has a matching feature on retirement accounts, but in the US many companies will match the first X% you put in. So for me, my first $5000 or so is matched 100%. I'll take that match over paying down any debt. Beyond that, of course it's a simple matter of rate of return. Why save in the bank at 2% when you owe at 10-18%?  One can make this as simple or convoluted as they like. My mortgage is a tax deduction so my 5% mortgage costs me 3.6%. I've continued to invest rather than pay the mortgage too early, as my retirement account is with pre-tax dollars. So $72 will put $100 in that account. Even in this last decade, bad as it was, I got more than 3.6% return.


Lmao dude I'm not going to give any specifics on Reddit, how dumb are you? But I work in infrastructure / P&U, currently working on a ~$2.5bn infra deal so can't complain. I really have nothing to prove to a college kid with a bruised ego that probably wont make it into IB and has a long career of insurance sales ahead of them. Best of luck :)


Estonia is one of the few countries where you can purchase silver tax-free. You may wish to hedge your risk by investing a percentage of your Estonian currency into this tangible asset. Silver can be stored securely at a place of your choosing rather than in a financial institution. Plus you can purchase a small amount with only minor transaction costs.


"So frustrating and it seems the higher you go up the org chart the worse the disrespect is.  I was doing some IT consulting for an Architecture and Engineering firm once.  While in a meeting with the COO and CFO, I suggested collecting information from the Engineering staff.  The CFO responded, ""Don't bother - engineers are great with numbers until you put dollar signs in front of them and then they turn into idiots.""  I was absolutely shocked that he would have so little respect for the technical professionals that generate the intellectual property of his business.  Meanwhile, he's signing every invoice I handed them without even reading them! I should have charged them more! ;-)I"


I am a bit unsure of why the interest rate is relevant.  Are you intending on borrowing the money to go to school?  If you cannot pay cash, then it is very likely a bad idea.  Many people are overcome by events when seeking higher education and such a loan on a such a salary could devastate you financially.   So I find the cost of the program as a total of 76.6K counting a loss in salary during the program and the first year grant.  That is a lot of money, do you intend to borrow that much?  Especially when you consider that your salary, after you graduate, will be about equal to where you are now.  For that reason I am leaning toward a no, even if you had the cash in hand to do so.   There is nothing to say that you will enjoy teaching.  Furthermore teaching in low income school is more challenging.   All that said, is there a way you can raise your income without going back to school?  Washington state can be a very expensive place to live and is one of the reason why I left.  I am a WWU alumni (Go Vikings!).  Could you cash flow a part time program instead? I would give this a sound no, YMMV.


You don't understand government financing at all.  Gov'ts earn revenue, aka, taxes.  They also spend money.  The different between the money they spend and they money they earn is the deficit.  If you run a deficit for a long period of time, you incur a very large national debt.  Now, you can finance (aka, pay for) a deficit by borrowing money.  This means you can sell bonds, and instead of pay off the debt each year, you just pay the interest.  If your spending balloons out of control, your the likely hood of you paying your debt decreases.  If you are very unlikely to payback your debt, people won't buy any more of your bonds, and you no longer have the income (from borrowing) to pay off your interest from other debt you owe, or what ever other obligations you own (think mortgage payments, or teachers salaries, etc).  Here's were Europe and USA differ: European nations can't just print money.  They can issue more debt, but they can't just create more euros.  IF you can print money, you can pay off your debt with money you literally created out of thin air (at the expense of your people, this is called inflation).  But this is a form of cheating, eventually people won't trust you, and won't buy your debt either.  So where do the banks come in?  if the government is SOUND and the banks are NOT, the government can backstop the banks.  This is what the US and UK did.  Greece, Spain, Ireland all had to back stop their banks also.  However, Greece, Spain, and Irelany ( and Italy, and Portugal) also have   1)  A lot of debt  2)  Structurally high deficits  3)  Extremely high borrowing costs (high interest rates...because people don't trust them...because...)  4)  Weak underlying economies  The fourth point gets you in real trouble.  if you have high entitlements, lots of poeple out of work, who the hell is paying taxes and what are they going to?  You have no revenue!  Remember, a govt works just like a household.  It is easy for a good household to support one member, but it is difficult for a member to support an irresponsible household.


See, here you have created a “blanket narrative” that is your explanation of what is going on, that provides no details of the actual process, which means resolving the issue is impossible.  Then you toss an Link and claim it represents every other part of the system.  This is labeling in the extreme, and obfuscates the issue, while trying to get me to accept your narrative.  So I have to dig past your veil to the real information every time.  And I’m not understanding your point on that link.  The EPA is having their budget cut, and Trump proposed to cut it in half, and so the EPA will be laying off tons of employees, and will also have a harder time getting their air standards guidance out in a reasonable time.  Who is the attacker on special interested her?  Trump?  He’s the only specifically mentioned voice on the cuts., and who are the special interest groups going after them?  I don’t see what retaliation is occurring here.


The Bible of fundamental analysis was written by Graham and Dodd, and is titled Security Analysis. If you don't know the name Benjamin Graham, Warren Buffet was his student and attribute his own success to Graham.  If Security Analysis is a bit too intense for you, Graham also wrote The Intelligent Investor which is probably a better starting point.


"Not normally, for a limited liability company anyway. In extreme circumstances a court may ""lift the veil"" of incorporation and treat shareholders as if they were partners. If you are an office bearer or a director that is found to have breached duties/responsibiities then that is another matter. Dim views can be taken of shonky arrangents for companies formed for activites not of a bona fide business nature too."


There has been a lot discussion on Iceland as the model response to a financial crisis over at [Market-Ticker](http://market-ticker.org/)/[Tickerforum](http://tickerforum.org/).  Just search the search box for Iceland.  What would be even more constructive would be to do a three-way comparison between the US handling of the Savings & Loan crisis in the 80s, Iceland's handling of the current crisis, and the US handling of the current crisis.  [William/Bill Black](http://en.wikipedia.org/wiki/William_K._Black) has had a lot to say on that lately, search Reddit or Google Plus for his name for starters, there are some videos floating around of him doing talks at OWS-LA, among other places.  I'm almost certain that US handling of the S&L crisis was very similar to Iceland's, and resulted in short-term pain but long-term stability and return to growth.  Whereas the current US response is going to result in long-term pain for everyone except the perps.


You have decided to get a break from work and enjoy a nice holiday by yourself or with your family. Unless it is a fitness retreat you're going to, there's a serious danger of sacrificing your exercise program, which can in turn scratch off any progress you have made. If you do not want to erase a month's' worth of exercise progress, it’s best to stay on top of your game. It is not that hard to prevent any such difficulty by planning for work out during your holiday.


While in the UK and travelling to Europe, I heard of the FairFX euro card from the website Money Supermarket (affiliate link which waives the sign-up fee). The link also includes many other alternative prepaid euro cards which may be better suited for your uses.  The FairFX card is available in both GBP and EUR, and both products come with chip and pin. They also charge relatively little as compared to most bank cards (no currency conversion on use, $2~ withdrawal charges from ATM).  I generally had a good experience with this card, and was able to purchase items both in person as well as online using it.


So what you're saying is if government didn't steal everyone's money to buy something then we woukdn't have it at all? Have you ever been outside your house? And I don't know where the hell you live but I have to pay for my own internet, had to pay to get the lines put in too.


So looking for something in my history to attack. Your arguments must be strong! So strong! I am intimidated by your towering superiority. LOL. Getting personal are we? What happened to the superior intellect? The problem with morons like you is they think everyone else is a moron too, and being a self aware moron somehow gives them insight. But at the end of the day, nope, just a moron.


TBH I been with Wells Fargo since I was 17. It was my very first account and I still use it till this day. It's one of my only checking account. I never had a single problems with them. No fees or anything.  It just sucks to hear a lot of people are having problems with WF.  I guess I am lucky one who never had a problem with them.


Having a flimsy, 9 digit number with no validation that you didn't opt out of yet, did you? Because you can, just ask the Aumish. If you think a national ID would be the start of the government knowing everything you do, you're sorely mistaken. The TSA already knows where you've flown. The IRS knows where you live and have lived. Oh, and your iPhone/ Android knows everywhere you've ever been since you first bought it, which is readily available via subpoena. Whatever it is, your privacy was just violated far worse because of the lack of proper, nationally recognized, ID.


I was never trying to prove that negative returns are good. They are devastating for HF, much more than for long only houses (in a downmarket).   My issue is people on Reddit comparing HF performance to S&P. The article talks about the comparison as well.


Not really. You can have two bonds that have identical duration but vastly different convexity.   Pensions and insurance portfolio managers are most common buyers as they're trying to deal with liability matching and high convexity allows them to create a barbell around their projected liabilities.


"You should probably have a tax professional help you with that (generally advisable when doing corporation returns, even if its a small S corp with a single shareholder). Some of it may be deductible, depending on the tax-exemption status of the recipients. Some may be deductible as business expenses. To address Chris's comment: Generally you can deduct as a business on your 1120S anything that is necessary and ordinary for your business. Charitable deductions flow through to your personal 1040, so Colin's reference to pub 526 is the right place to look at (if it was a C-corp, it might be different).  Advertisement costs is a necessary and ordinary expense for any business, but you need to look at the essence of the transaction. Did you expect the sponsorship to provide you any new clients? Did you anticipate additional exposure to the potential customers? Was the investment (80 hours of your work) similar to the costs of paid advertisement for the same audience? If so - it is probably a business expense. While you can't deduct the time on its own, you can deduct the salary you paid yourself for working on this, materials, attributed depreciation, etc. If you can't justify it as advertisement, then its a donation, and then you cannot deduct it (because you did receive something in return). It might not be allowed as a business expense, and you might be required to consider it as ""personal use"", i.e.: salary."


There are various indexes on the stock market that track the currencies.  Though it is different than Forex (probably less leverage), you may be able to get the effects you're looking for.  I don't have a lot of knowledge in this area, but looked some into FXE, to trade the Euro debt crisis.  Here's an article on Forex, putting FXE down (obviously a biased view, but perhaps will give you a starting point for comparison, should you want to trade something specific, like the current euro/dollar situation).


Different bonds (and securitized mortgages are bonds) that have similar average lives tend to have similar yields (or at least trade at predictable yield spreads from one another). So, why does a 30 year mortgage not trade in lock-step with 30-year Treasuries? First a little introduction: Mortgages are pooled together into bundles and securitized by the Federal Agencies: Fannie Mae, Freddie Mac, and Ginnie Mae. Investors make assumptions about the prepayments expected for the mortgages in those pools. As explained below: those assumptions show that mortgages tend to have an average life similar to 10-year Treasury Notes.  100% PSA, a so-called average rate of prepayment, means that the prepayment increases linearly from 0% to 6% over the first 30 months of the mortgage. After the first 30 months, mortgages are assumed to prepay at 6% per year. This assumption comes from the fact that people are relatively unlikely to prepay their mortgage in the first 2 1/2 years of the mortgage's life. See the graph below.  The faster the repayments the shorter the average life of the mortgage. With 150% PSA a mortgage has an average life of nine years. On average your investment will be returned within 9 years. Some of it will be returned earlier, and some of it later. This return of interest and principal is shown in the graph below:  The typical investor in a mortgage receives 100% of this investment back within approximately 10 years, therefore mortgages trade in step with 10 year Treasury Notes. Average life is defined here: The length of time the principal of a debt issue is expected to be   outstanding. Average life is an average period before a debt is repaid   through amortization or sinking fund payments. To calculate the   average life, multiply the date of each payment (expressed as a   fraction of years or months) by the percentage of total principal that   has been paid by that date, summing the results and dividing by the   total issue size.


You can*, if the market is open, in a normal trading phase (no auction phase), works, and there is an existing bid or offer on the product you want to trade, at the time the market learns of your order. Keep in mind there are 2 prices: bid and offer. If the current bid and current offer were the same, it would immediately result in a trade, and thus the bid and offer are no longer the same. Market Makers are paid / given lower fees in order to maintain buy and sell prices (called quotes) at most times. These conditions are usually all true, but commonly fail for these reasons: Most markets have an order type of market order that says buy/sell at any price. There are still sanity checks put in place on the price, with the exact rules for valid prices depending on the stock, so unless it's a penny stock you won't suddenly pay ten times a stock's value. *The amount you can buy sell is limited by the quantity that exists on the bid and offer. If there is a bid or offer, the quantity is always at least 1.


For local retailers you will need to visit the store. For national retail chains you will need to get in contact with their purchasing departments. Either way, have a solid product with a good presentation. A lot of cold calls and sales presentations are ahead of you so master your elevator pitch as well as your 10-15 minute presentation. Best of luck to you!


Ci sono molte forme di energia rinnovabile. La maggior parte di queste energie rinnovabili dipende in un modo o nell'altro dalla luce solare. Il vento e la potenza idroelettrica sono il risultato diretto del riscaldamento differenziale della superficie terrestre che porta all'aria in movimento (vento) e formazione di precipitazioni quando l'aria viene sollevata. Energia Rinnovabile solare è la conversione diretta della luce solare utilizzando pannelli o collettori. L'energia di biomassa è immagazzinato nella luce solare contenuta nelle piante.


It depends on what your investment goals are.  Are you investing for the short-term or the long-term?  What was your reason for investing in these stocks in the first place?  Timing short-term fluctuations in the market is very difficult, so if that's your goal, I wouldn't count on being able to sell and buy back in at exactly the right time.  Rather, I think you should think about what your investment rationale was in the first place, and whether or not that rationale still holds.  If it does, then hold on to the stocks.  If it doesn't, then sell.


"Yes if and only if you properly use P/Y and C/Y.   For your familiarity, I recommend also trying it with I = 7.56% / 12, and P/Y and C/Y = 1.  I like to think of P/Y and C/Y as ""per period"" and prefer to divide the interest rate by the number of periods per year, but so long as you keep everything coherent in the solver, you will get the correct answer with both approaches."


>You are being extremely aggressive and I don't understand why, I've been pretty level headed.  Sorry, this topic is probably my biggest pet peeve in US tax policy, and I have a strong distaste for our government's tax treatment, greed and arrogance.  >If our rate is the highest, but we still collect less than the average, tell me how these large corporations are being effectively taxed at the highest rate in the developed world? What am I missing?  Okay, let's take two companies with equal profits. One company is an MLP and pays zero corporate taxes, one company pays 40% taxes on profits. The average effective tax rate will be 20%, and one company will end up paying around the highest rate in the world.  I will post my source again.  http://www.nytimes.com/interactive/2013/05/25/sunday-review/corporate-taxes.html  Anyway, I think we should be doing our best to incentivize corporate formation by lowering corporate taxes to zero and moving the incidence of taxation directly to capital.


He can fight it all he wants.  The only thing he's doing is sealing his companies fate.  It'll end up like Allen Edmonds, almost out of business and needing a new CEO.  Good riddance to his overpriced shoes, I'm sure those knockoffs he's afraid of will continue to be sold on Amazon.


"Presumably the existing house has some value. If you demolish the existing house, you are destroying that value. If the value of the new house is significantly more than the value of the old house, like if you're talking about replacing a small, run-down old house worth $50,000 with a big new mansion worth $10,000,000, then the value of the old house that is destroyed might just get lost in the rounding errors for all practical purposes. But otherwise, I don't see how you would do this without bringing cash to the table basically equal to what you still owe on the old house. Presumably the new house is worth more than the old, so the value of the property when you're done will be more than it was before. But will the value of the property be more than the old mortgage plus the new mortgage? Unless the old mortgage was almost paid off, or you bring a bunch of cash, the answer is almost certainly ""no"". Note that from the lienholder's point of view, you are not ""temporarily"" reducing the value of the property. You are permanently reducing it. The bank that makes the new loan will have a lien on the new house. I don't know what the law says about this, but you would have to either, (a) deliberately destroy property that someone else has a lien on while giving them no compensation, or (b) give two banks a lien on the same property. I wouldn't think either option would be legal.  Normally when people tear down a building to put up a new building, it's because the value of the old building is so low as to be negligible compared to the value of the new building. Either the old building is run-down and getting it into decent shape would cost more than tearing it down and putting up a new building, or at least there is some benefit -- real or perceived -- to the new building that makes this worth it."


Be aware that ATM withdrawals often generate hidden fees, which are not obviously declared. Many banks operate e.g. with a currency exchange fee, giving you an exchange rate some 1-2% lower than actually applicable. If you withdraw larger amounts, such a currency exchange fee easily adds up to what you would have paid for a wire transfer, where you would get a better exchange rate. Although it's probably much hassle for you to change banks, another option may be to find a bank which operates both in France and the US. Banks with different national branches often offer cheap and fast wire transfers between same-bank accounts in different countries. E.g. Citibank used to offer such services, but I am not sure if they still serve private customers in France.


Yes E[x] is expected value of x. E[x|y] = expected value of x, given y. c, k are some constants Let E[s_{n+1}|s_n=c] = c, but if  E[s_{n+1}|s_n,s_{n-1},...,s_{n-m}] ->some constant k as m->\infty (call this equation 1) then rebalancing makes sense. Notes:


Here is the FDA Notice - Impossible Foods chose not to go down the rest of the GRAS path.  I have no evidence that it is not safe, but there is also not much evidence that it is any more safe than say trans-fat for instance.  https://www.fda.gov/Food/IngredientsPackagingLabeling/GRAS/NoticeInventory/ucm489241.htm


I'd talk to a solicitor and see if you can structure the purchase in a way that breaks the property into three pieces. One would be the freehold of the whole building, one would be a long lease on the downstairs part (on which you would get a residential mortgage) and one would be a long lease on the upstairs flat (on which you would get a buy-to-let mortgage). Since there's essentially no price premium for freehold as opposed to long lease, you should be able to raise enough money from the two mortgages to fund the purchase.


"I'm an American so I don't claim to know anything about Scottish tax law. But just based on what you say above: First, think about how it would work if there were no taxes. If you make a payment against the mortgage, you save 5% in interest. If you put money into a retirement account, you make whatever the profits are on the investment. If that amount comes to more than 5%, then you are better of investing in the retirement account. If it's less than 5%, you are better off paying off the mortgage. As most investments pay significantly better than 5%, this is the superior strategy. On the other hand, apparently you are paying a variable-rate mortgage, but still, mortgage rates are relatively stable. Investment returns vary all over the place and can be negative. So if you are very cautious, that's a reason to pay off the mortgage rather than invest. The younger you are, the less of a concern this should be, as in the long term, investments pretty much always recover lost ground. If you were planning to retire next year I'd have very different advice than if you are planning to retire in 30 years. But sadly, you do have to pay taxes, and that needs to be factored in. So you say that you would have to pay 25% dividend tax on any money you used to pay the mortgage. But the effective tax rate on the retirement money is 15%. So in effect money put against the mortgage pays a 25% tax, and so effectively generates only 5% * .75 = 3.75%. But money invested in the retirement plan pays only 15% tax, and so if the investment returns 3.75% / .85 = 4.4% it would give the same effective return. So if you can invest in something that gives returns of at least 4.4% per year, you're better off putting into the retirement plan than paying off the mortgage. There may be other Scottish tax implications I don't know about. As to ""Substantially less paperwork"", I have no idea how much paperwork is involved in putting money into a retirement account in Scotland. Here in the U.S., you basically call a financial management company of one sort or another and say ""hey, I want to open a retirement account with your company"", and they'll prepare most of the forms for you and you just sign them. It could be done with half an hour of your time. Of course the more you research different investment options, etc, the more time it will take. ""More flexible e.g. if I want to retire early"" If there are restrictions on when you can withdraw money from a retirement account and receive that 25% freebie you mentioned, yes, this could be a factor. Again, I don't know Scottish tax law, there may be other considerations. Here in the U.S., there's a 10% tax penalty if you withdraw money from a retirement account before the legal retirement age. Realistically that's a minor issue, if you have money in there for several years the tax benefits will be more than 10%. But yeah, it would be stupid to put money in in December and then take it out the following January and have to pay the 10% penalty. ""Doesn't incur the risk that the government will change the pension rules between now and when I retire"" Maybe. But then laws might change in your favor, too. And as you indicated that your mortgage interest rate could change, there could be risk on that side too. That all comes down to what you think the risks are all around."


The article states their reasons pretty clearly, and indicates that some people won't qualify under the new requirements that would have previously, they're not courting people with bad credit, they're just looking beyond credit score at other factors. They aren't opening floodgates for anyone with a pulse to get a car loan, just shifting things a bit to cast a slightly wider net. This is not new in the world of secured debt, the FHA has methodology for establishing a non-traditional credit report based on things like rental history, utility payments, auto-insurance payments, a person can't be declined an FHA loan for lack for lack of traditional credit history. I look beyond credit score as a landlord, a tenant with poor credit but a stellar rental history is more appealing than someone with great credit but a bad rental history. Vehicles and housing are very important to people, so they are likely to prioritize them above credit card payments or hospital bills. Time will tell, but it seems like a solid move in my view, they can refine their model over time and likely find a solid customer base among those who wouldn't qualify on credit score alone.


Honestly, probably just banks and it's not that they deserve it, more that it's in the public interest. I dunno, I don't think is has to be a slippery slope. I think that's why we need higher penalties, to keep us out of this scenario in the first place.


That has little or nothing to do with it.  Workers don't matter enough to have policies actually crafted against them.  Rather, policies are crafted without a thought towards workers.  Once the robots get truly cheaper, in a Total-Cost-of-Ownership sense, workers will be replaced regardless of how well they do or do not supplicate themselves to their capital-holder masters.  Working for $6 vs $14 per hour is just a way to possibly delay the inevitable for a little bit longer.  $6 per hour in no way changes the inevitable outcome.


Definitely don't grocery shop when you're hungry.  Also, watch for sales, and then buy in bulk and freeze it.


"I look for buying a call option only at the money, but first understand the background above: Let's suppose X stock is being traded by $10.00 and it's January The call option is being traded by $0.20 with strike $11.00 for February. (I always look for 2% prize or more) I buy 100 stocks by $10.00 each and sell the option, earning $0.20 for each X stock. I will have to deliver my stocks by $11.00 (strike value agreed). No problem for me here, I took the prize plus the gain of $1.00. (continuing from item 3) I still can sell the option for the next month with strike equal or higher than that I bought. For instance, I can sell a call option of strike $10.00 and it might be worth to deliver stocks by $10.00 and take the prize. (continuing from item 3) Probably, it won't be possible to sell a call option with strike at the price that I paid for the stock, but that's not a problem. At the end of the option life (in February), the strike was $11.00 but the stock's price is $8.00. I got the $0.20 as prize and my stocks are free for trade again. I'll sell the call option for March with strike $9.00 (taking around 2% of prize). Well, I don't want to sell my stocks by $9.00 and make loss, right? But I'm selling the call option anyway. Then I wait till the price of the stock gets near the strike value (almost ATM) and I ""re-buy"" the option sold (Example: [StockX]C9 where C means month = March) and sell again the call option with higher strike to April (Example [StockX]D10, where D means month = April) PS.: At item 9 there should be no loss between the action of ""re-buy"" and sell to roll-out to the next month. When re-buying it with the stock's price near the strike, option value for March (C9) will be lower than when selling it to April (D10). This isn't any rule to be followed, this is just a conservative (I think they call it hedge) way to handle options and stocks. Few free to make money according to your goals and your style. The perfect rule is the one that meet your expectation, don't take the generalized rules too serious."


There's no catch. Banks need to acquire customers just like any other business. One common way to acquire new customers is by advertising on the radio, TV, print, etc. Another common way to acquire new customers is by offering incentives like the one you linked to. Basically, PNC is confident that they will make more than $100 in profit over the entire lifetime of a customer. This is a very reasonable assumption, considering that:


Yes this is a scam. Stay as far away as possible. Don't talk or send any messages. The more you talk, she would convince you that this is not a scam. Armed Forces have a very good way of taking care of their people. They don't need to do something like this.


I have this exact same issue.  Event the dollar amounts are close.  Here is how I am looking at the problem. Option 1:  Walk away.  Goodbye credit for 7+ years.  Luckily I can operate in cash with the extra $800 per month, but should I have a non medical emergency I might be SOL.  With a family I am not sure I am willing to risk it.  What if my car dies the month after I quit paying and the bank chooses to foreclose?  What if my wife or I lose our job and we have no credit to live? Option 2:  Short sale.  Good if I can let it happen.  I might or might not be on the hook for the balance depending on the state.  If I am on the hook, okay, suck but I could live.  If I am not on the hook, it is going to hurt my credit the same as foreclosure.  It isn't easy, you need an experienced real estate agent and a willing bank.   Option 3:  Keep paying.  I am going for this.  At the moment I can still afford the house even though it is at the expense of some luxuries in my live.  (Cable TV, driving to work, a new computer).  I am wagering the market fixes itself in the next several years.  Should the S hit the fan in most any manner, the mortgage is the first thing I stop paying. I don't know what other options I have.  I can't re-fi; too upside down.  I can't sell; the house isn't worth the mortgage (and I don't have the cash for the balance).  I can't walk away; the credit hit wouldn't be worth the monthly money gain. I have no emotions about the house.  I am in a real bad investment and getting out now seems like a good idea, but I am going to guess that having the house 10 years from now is better than not.  I don't care about the bank at all, nor do I feel I owe them the money because I took the loan.  They assumed risk loaning me the money in the first place.  The minute it gets worse for me than for the bank; I will stop paying. Summary Not much to do without a serious consequence.  I would suggest holding out for the very long term if you feel you can.  The best way to minimize the bad investment is to ride it out and pray it gets better.  I am thinking I am a landlord for the next 10 years.


An observation, the US airlines did not create or even support the bullshit security measures that are required to be followed by planes flying here.  They're victims of it as well and would be just fine not having to spend millions annually complying with that element of security theater.


> It is my impression that being a crazy maniac is not required to be an entrepreneur, but that is just my humble opinion.  Nope. That is absolutely required.  No joke.  Well, to be a *successful* entrepreneur it is.  Because there's always going to be someone hungrier and crazier nipping at your heels.  If you let up, you'll lose your edge.


A safe investment would be to get a 5-year CD from Ally Bank.  No minimum deposit and no monthly maintenance fees.  1.74% APY at the moment.  I would choose a 5-year CD since the early withdrawal penalty is only 60 days interest, which will be negligible for a $100 investment and increasing the term significantly increases your interest rate. Regarding other suggestions: Even if you find a way purchase stock commission free, it will probably cost a $5-$10 commission to sell, wiping out probably a year or two of gains.  Also, I-Bonds must be held for a year minimum, which is problematic. At the end of the day, it's probably not really worth your time to do any of these.  $2 a year or $5 a year, it's still fairly insignificant and your time is surely worth more than that.


Now I'm trying to decide whether to find a managed fund, or use Vanguard ETFs. With a new trading account I can keep at least the initial move free of transaction charges, but ongoing additions would cost me the standard fee. I may want to move half of those funds into a mortgage deposit in a year. (maybe?) Most ETFs, like the stock market, exhibit significant volatility and, over short periods of time, substantial down-side risk. In other words, there is a significant chance that the value of your investment will be worth substantially less in a year from now. The likelihood of this being the case in, say, 10 years from now is much lower, and vanishingly small for a diversified portfolio. If you aren't confident you'll at least have the option of keeping most of your money invested for over a year, consider that the stock market may not be right for you, at least not as an investment vehicle. Regarding the things you'd like to learn; as the commenter said - that's a huge topic and I think you need to clarify your questions.


eSalesData provides high quality, rapid response mailing lists that can be customized to suits your businesses needs and target audience. When it comes to an aerospace industry executives list, we offer marketers and sales teams a host of firmographics to help them narrow down their target audience.


This is still unknown. One theory is that the risk adjusted premium is at an equilibrium allowing the seller and buyer to receive the best risk-adjusted premium. Deep in the monies have lower premiums, so this spurns sellers.  Deep out the monies have lower probabilities of expiring in the money, so this spurns buyers. Risk adjusted, not at the monies cost more.


It's possible that a particular policy change would flip a company from profitable to unprofitable. It is even more likely that broader economic cycles put you out of business. Or a competitor gets a major business advantage. Or you make a bad management call.   Our government is set up to encourage moderate decisions through majority rule. The president has a lot of power for one man, but without congress he's got real limits. Even with congress, the filibuster means that the minority has some real teeth against extreme bills. This idiot is saying hey we weathered 4 years and grew under Obama including 2 of a democrat majority congress, and the worst recession in 80 years, but ANOTHER 4 years, well we just don't know.


"This is the best tl;dr I could make, [original](https://wol.iza.org/articles/should-divorce-be-easier-or-harder) reduced by 78%. (I'm a bot) ***** > Some countries have legalized divorce where it had previously been banned, and many have eased the conditions required for a divorce, such as allowing unilateral divorce.  > Even though unilateral divorce leads to a larger number of divorces in the short term, it probably leads to better-quality marriages in the long term.  > Because there is some evidence that unilateral divorce may harm children in the long term, easy divorce should be accompanied by other policies aimed at supporting children in vulnerable families.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6n51eq/should_divorce_be_easier_or_harder/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~166244 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **divorce**^#1 **unilateral**^#2 **lead**^#3 **lower**^#4 **child**^#5"


Given that both businesses probably have mostly aging housewives amongst their customers... sort of makes economic sense. Although for the aging-housewife segment a Hot Brazilian Dude With Big Penis Tree Service could world just as well.


Complexity has mentioned some good points. I'd also like to add on the downsides:  It's not that easy to get rid of a tenant!  Imagine if your tenant passed your background check with flying colors but then turned out to be the tenant from hell...  How would you resolve the situation?  If the thought of that kind of situation stresses you (it would stress me!), I would consider carefully whether you really want to be a landlord.


What are your goals in life?   If one of them is to appear wealthy then buying a high price import is a great place to start.  You certainly have the salary for it (congratulations BTW). If one of your goals is to build wealth, then why not buy a ~5000 to ~6000 car and have a goal to zero out that student loan by the end of the year?  You can still contribute to your 401k, and have a nice life style living on ~60K (sending 30 to the student loan). Edit: I graduated with a CS degree in '96 and have been working in the industry since '93.  When I started, demand was like it is now, rather insane.  It probably won't always be like that and I would prepare for some ups and downs in the industry. One of the things that encouraged me to lead a debt free lifestyle happened in 2008.  My employer cut salaries by 5%...no big deal they said.  Except they also cut support pay, bonuses, and 401K matching.  When the dust cleared my salary was cut 22%, and I was lucky as others were laid off.  If you are in debt a 22% pay cut hurts bad.


I totally understand where you come from and what you mean. And yes I would be partnered in this business since I would be the sole (there's only gonna be one) investor. The guy can't keep up demand and he doesn't wanna export is what my friend - his sister - told me so he's looking to find an investor. And I know it isn't free money since technically I would be investing and resorting the benefits of said investment. However, it would be tax-free afaik but even if it weren't I'd still be partnered with him and his business


It is fine to receive payments into Indian Savings Bank account. There are no restriction on deposits. There are only restrictions on number of withdrawls in a quarter.  A Current[a.k.a Checking] account makes it easier to manage. You haven't asked about tax, but I you may already know you would need to pay taxes irrespective of whether you got the money in Savings or Current account. Edit: Any individual can open a Current Account on individual's name. There is no restriction. There are multiple aspects to determine whether the activity you are doing is a service as defined by the Service Tax Rules. Please consult a CA to guide you. For less than 5K INR he would not only advice you but also do everything required to file taxes.


I think you would definitely need to distinguish between sites with different business models, some would want to bill by content downloaded, others by number of page visits,...). Time spent there doesn't seem like a good measurement with the current, request-based model of how the web works.


> You also have to think about tax on dividends from these stock options, which is only 15%, which is paltry to regular incometax rate that the rich pay on their salaries  dividends is just cash being removed from companies and being paid out directly to the stockholder  if dividends get taxed at a higher rate, every company would just use that same cash to buy back shares since that would be more tax efficient - the stockholder would receive compensation in higher stock prices which they could then sell instead of receiving a dividend. Thus, they would pay capital gains rate instead of your new dividend rate.  The dividend rate must be the same as capital gains rate for this reason. They are not free money since the stock price gets decreased when a dividend is paid out - the company gets poorer when they pay out the dividend.


When you've been running your business without a profit for *11 years* (e.g. Tesla Motors), I would not call it a success. But maybe you happen to be very generous and think they should have another 11 to prove themselves.


"Here's a hack for getting the ""free"" checking that requires direct deposit. Some effort to set up, but once everything is in place, it's all autopilot. (If your transfer into savings is higher than your transfer out of savings, you'll build up a nice little stash over time.) I don't know if there are deposit amounts or frequencies that you must have to qualify for the free account, if these are public or secret, or if this works everywhere. If anyone else has experience using this kind of hack, please leave a comment."