An employer also needs somebody to show up on time, be reliable and can take written instruction.  A college degree also means that they can find different classrooms throughout the day, listen for 50 minutes and DO THAT FOR YEARS.  Nearly anybody can do something for 5 minutes.  I've employed people and those two are most difficult to suss out in less than 90 days.


"Because it takes 3 business days for the actual transfer of stock to occur after you buy or sell to the next owner, your cash is tied up until that happens. This is called the settlement period. Therefore, brokers offer ""margin"", which is a form of credit, or loan, to allow you to keep trading while the settlement period occurs, and in other situations unrelated to the presented question. To do this you need a ""margin account"", you currently have a ""cash account"". The caveat of having a retail margin account (distinct from a professional margin account) is that there is a limited amount of same-day trades you can make if you have less than $25,000 in the account. This is called the Pattern Day Trader (PDT) rule. You don't need $25k to day trade, you will just wish you had it, as it is easy to get your account frozen or downgraded to a cash account. The way around THAT is to have multiple margin accounts at different brokerages. This will greatly increase the number of same day trades you can make. Many brokers that offer a ""solution"" to PDT to people that don't have 25k to invest, are offering professional trading accounts, which have additional fees for data, which is free for retail trading accounts. This problem has nothing to do with:  So be careful of the advice you get on the internet. It is mostly white noise. Feel free to verify"


My card keeps a separate 'cash advance' limit, that's lower than the regular rate. I believe balance transfers also trigger that limit and (much higher) interest rate.


In a business you need to improve the morale, zeal, team spirit and productivity of the employees. Motivation keeps workers focused, perform better and driven towards attaining the goals, resulting into a flourishing business. Motivational speaker helps you to handle such issues in a very pleasant manner.


It's one of those things like the Economist that most people in business feel you should probably at least skim, but no one really does because who has time for that?    If I really wanted to get at least one subscription though, it would be to the Economist.  It's a lot more practical than HBR, and unless you're in a position to really affect change in your organization, HBR is going to be little more than thought exercises.  And even if you can't get through the massive amount of information each week, reading just the politics/business this week sections, the leaders, maybe the briefing and the sections of the world you're interested in can be done in one sitting and would be enough to keep you more or less on top of the really important global issues.


"The short answer is no, it's probably not ok. The longer answer is, it might be, if you are very disciplined.  You need to make sure that you have enough money to pay off the card after a year, and that you pay the card on time, every month, without exception.  There may also be balance transfer or other fees that only make it worth while if the interest rate or balance on the other loan is high. The problem is most of these offers will raise your rates to very high levels (think 20% or more) if you are even one day late with one payment.  Some of them also will back charge you interest starting from day one, although I have only seen this on store credit ""one year, same as cash"" type offers.   In the end you need to balance the possible payoff against how much it will cost you if you do it wrong.  Remember, the banks are not in the business of lending out free money.  They wouldn't do this unless enough people didn't pay it back in one year for them to make a profit."


>In the economic sense, investments really has nothing to do with capital or business investments then does it?   Congratulations, you just figured out why monetarists and Keynesians are wrong.  What actually matters is the quality of the investments that the money is making. An excess of currency won't create growth if the currency is invested in a derivative contract, since this is a zero-growth investment. A shortfall in currency won't always kill the economy, if rational investments are made (2nd half of the 19th century in the United States).  On the other hand, [infrastructure](https://www.fhwa.dot.gov/policy/otps/060320a/forum.cfm) generally offers a much higher return on invested capital than the private market. So you see China's economy growing quickly for several decades due to investing in the right class of assets.  This is the same thing the United States did to become an economic superpower:  https://www.quora.com/What-is-the-American-school-of-economics  https://en.wikipedia.org/wiki/American_School_(economics)  https://en.wikipedia.org/wiki/American_System_(economic_plan)


While my kids are definitely into video games and such, they are also still very much into toys. If Toys R Us has what we're looking for, we'll go get it there. However, that is usually not the case and we end up ordering it online. Additionally, the price difference on a lot of toys is usually significant enough that we'll lean towards an online purchase over in store. I get why it's more expensive and I try to buy local but I'm also not made of money.


What Jaydles said. I think of each strategy in terms of Capital at Risk (CaR). It's a good thing to know when considering any position. And then conveniently, the return is always profit / CaR. With covered calls it's pretty easy. Pay $1000 for stock, receive $80 in premium, net CaR is $920.  If you own the stock and write calls many times (that expire worthless, or you that you buy back), there are two measurements to consider. First, treat every covered call as a buy-write. Even if you already own the stock, disregard the real cost basis, and calculate from the moment you write the call, using the stock price at that time. The second measure is more complicated, but involves using something like the XIRR function in a spreadsheet. This tracks the series as a whole, even accounting for times where there is no written call outstanding. For the written put, even though your broker may only require 30% collateral in a margin account, mentally treat them as cash-secured. Strike less premium is your true CaR. If the stock goes to zero by expiration, that's what you're on the hook for. You could just compute based on the 30% collateral required, but in my view that confuses cash/collateral needs with true risk. Note: a written put is exactly identical to a covered call at the same strike. If you tend to favor puts over CCs, ask yourself why. Just like a loaded gun, leverage isn't inherently bad, but you sure want to know when you're using it.


The fertility is a matter of couple when you think about pregnancy, affecting both members alike. Healthy living habits, healthy and balanced eating, stress and regular activity based on sexual intercourse around fertile days can help achieve the desired pregnancy. getting pregnant is not always an easy task. Many women come to turn this goal into an obsession, which hinders their pregnancy. Some become desperate by going to clinics where they practice fertility treatments , while others prefer to try some methods and home remedies to get pregnant.


The initial story sounds normal. Happens every day. Checksums cannot prevent this, since it is a typo by the sender. The sender typed in a wrong account number. That account number happened to exist (so the sender wouldn't get any immediate error message), your account. But, that innocent story can also be used as part of a money laundering plan. Namely, to give the money a legitimate source. Also can be used in a scheme to frame you for something. The question of how the person got your phone number raises suspicion. The bluffs to avoid the normal paperwork, and then disappearing, make it incriminating. No doubt. Take this to the police. The question arises: even if the plan (whatever it was) failed, why didn't he do the paperwork and get the money back? The answer is that that would leave a trail to possibly be picked up in a future investigation.


Yes, yes and yes.    R has tools for web scraping, charts, stats, Quantmod is great of course, there's economics packages, etc...    R can basically do any task that involves gathering and interpreting data, I have scripts that gather my info from all the other sources I use (Yahoo, Google, lesEchos, Money18, Quandl, exchange websites, etc...).


Term life insurance for a healthy 30 year old is a heck of a lot cheaper than for a 40 year old who's starting to break down (and who needs the coverage since he's got a spouse and kids). So, get a long term policy now while it's cheap.


Depending on who you have the loan through and how they figure the interest charges (whether daily, monthly, bi-monthly, etc. normally monthly I would assume), your interest is probably figured either daily or once a month.   Let's assume that it is figured daily, otherwise it wouldn't make sense to make bi-weekly payments.   At 4% Annual Interest on a $150,000 home loan the interested added each day is about $16.44, but it doesn't stop there because it is compounding interest daily so the next day it becomes 4% of 150,0016.44 (which is negligibly larger amount) and they will tack on another $16.44. So what will happen is that the amount of interest you owe grows rather quickly, especially if you miss a monthly payment.  Everyone knows that the faster you pay something off the less interest you pay, but not everyone knows the formula for compounding interest.  a quick Google search rendered this site with a simple explanation Compound Interest Formula  unfortunately this formula doesn't take into account the payments being made. The big thing with making your payments bi-weekly rather than a bigger payment once a month is that you pay off some of that principle right away and it won't collect interest for 14 more days. if the interest is only calculated once a month, make your full payment before the interest is calculated, the same goes for your credit cards.


Exactly the point I'm trying to make though. Everyone's downvoting this guy for making valid points about why HE is choosing not to buy Tesla. Sure if someone disagreed because they, like you said, preferred an optimistic long term analysis of Tesla because of a number of things like Elons track record or Tesla growth and position etc. then they shouldn't have *downvoted* him so it wasn't seen just because they disagreed. They should have argued their reasons why Tesla valuation makes sense.   Instead, peoples are stifling real discussion that helps everyone learn and participate. I am apart of these subreddits to learn more about business and also the world of finance and I think we can all agree that valid discussion about different strategies or preference and their success is one of the best ways to learn. I don't come view the comments of these posts for one viewpoint throughout the whole thread.   Anyway, I think I made my point. Thanks


It's not about moving the market or liquidity the non current months have reduced liquidity, checking today.  ES_F June today the most recent 5 min bar has 809 volume. while the september has 10616 volume on the same bar.  2. Commision p/l should be subtracted as actual actual.  I'm not necessarily worried about moving the market or liquidity im more or less worried about slippage. As some good strategies can decay very fast due to it.


"This is the best tl;dr I could make, [original](https://www.cnbc.com/2017/09/22/feds-williams-sees-a-calm-market-reaction-to-reducing-its-huge-balance-sheet.html) reduced by 81%. (I'm a bot) ***** > Williams said the Fed could indeed increase rates again this year and three more times next year, but the exact timing was not important, with a gradual increase in interest rates now under way.  > Provided the U.S. economy continues to progress and inflation was on track to reach the Fed&#039;s 2 percent goal, &quot;I would ascribe to a gradual pace of rate increases, which assuming all that&#039;s happening, could have another rate increase this year and three next year,&quot; Williams said.  > Eventually, the Fed would reach a &quot;New normal&quot; of a Fed Funds rate of 2.5 percent, Williams said.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/71wsak/feds_williams_sees_a_calm_market_reaction_to/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~215089 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*: **Fed**^#1 **rate**^#2 **Williams**^#3 **year**^#4 **next**^#5"


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"Abine has a product for iOS and Android (and desktop), now called called Blur, that provides credit card masking (alias credit card numbers), along with other privacy services. It's subscription-based. I've used it successfully for a number of transactions over the past year or so. To the merchant, you supply any name, Abine's address, and the specific masked credit card number and code. You can create any number of masked cards with different credit amounts, and the charges show up on your real card statement as ""Abine, Inc.""."


As an undergrad with little experience it's hard for me to say exactly what I want to do. I am very interested in Asset and Wealth management, as well as hedge and mutual funds. I think it is hard to know exactly what I want to do in the field, because of my lack of experience.


"I have to seriously disagree with this. Automated news analysis may have not worked for you for a variety of reasons (most likely all related to infrastructure/software inexperience), but it works and some shops and funds have made fortunes just doing news based automated trading.  I have personal experience working in a Chicago shop which went through a few off the shelf solutions, like [Ravenpack](http://ravenpack.com/services/rpna_dj.htm) before rolling a custom news analytics platform which integrated with quantitative strategies to move a lot of volume.  The whole premise of your post just seems very off to me. ""The problem that arises is that it is nearly impossible to make money off of automating trades."" -- an entire segment of the industry would like to have a word with you."


This is more of an economics question than personal finance. That said, I already started writing an answer before I noticed, so here are a few points. I'll leave it open for others to expand the list. Advantages Disadvantages Advantages Disadvantages The flip-side to the argument that more users means more stability is that the impact of a strong economy (on the value of the currency) is diluted somewhat by all the other users. Indeed, if adopted by another country with similar or greater GDP, that economy could end up becoming the primary driver of the currency's value.  It may be harder to control counterfeiting. Perhaps not in the issuing country itself, but in foreign countries that do not adopt new bills as quickly.


"Math says invest in the Market (But paying off your mortgage early is a valid option if you are very risk averse.) You are going to get a better return by investing in the stock market.  In the US in 2015/2016, mortgages are 3%-4%, and give you a tax break.  The rate of return on the stock market is ~10%, (closer to 6% after you subtract out inflation, taxes, fees, etc.) Since 10 > 3, (or 6% > 4%, to use the pessimistic numbers)  investing in the market is the better deal. But... The market has risk, and your mortgage does not.  If you are very risk averse paying off the mortgage may make sense. As an example:  Family A has a single ""breadwinner"", who works a low skilled job. Family B has 2 working spouses, both in high skill white collar positions.   These two families are going to have wildly different risk tolerances.  It may make sense for family A to ""invest"" its extra money in paying off the mortgage, after they have tackled high interest debt, built an emergency fund, maxed the 401k, etc. Personally I would not: in the US you cannot recoup pre-payments if you lose your job.  If I was very risk averse, I would keep my extra money as cash, so I could pay my mortgage after I lost my job.  It is never going to make sense for family B to pay the mortgage early.  At that point, any decision to pre-pay is going to be based on emotion and not logic."


Many of the major indices retreated   today because of this news. Why? How   do the rising budget deficits and debt   relate to the stock markets? The major reason for the market retreating is the uncertainty regarding the US Dollar. If the US credit rating drops that will have an inflationary effect on the currency (as it will push up the cost of US Treasuries and reduce confidence in the USD). If this continues the loss of USD confidence could bring an end to the USD as the world's reserve currency which could also create inflation (as world banks could reduce their USD reserves). This can make US assets appear overvalued. Why is there such a large emphasis on   the S&P rating? S&P is a large trusted rating agency so the market will respond to their analysis much like how a bank would respond to any change in your rating by Transunion (Consumer Credit Bureau) Does this have any major implications   for the US stock markets today, in the   short term and in July? If you are a day-trader I'm sure it does. There will be minor fluctuations in the market as soon as news comes out (either of its extension or any expected delays in passing that extension). What happens when the debt ceiling is   reached? Since the US is in a deficit spending situation it needs to borrow more to satisfy its existing obligations (in short it pays its debt with more debt). As a result, if the debt ceiling isn't raised then eventually the US will be unable to pay its existing obligations. We would be in a default situation which could have devastating affects on the value of the USD. How hard the hit will depend on how long the default situation lasts (the longer we go without an increased ceiling after the exhaustion point the more we default on). In reality, Congress will approve a raise, but they will drag it out to the last possible minute. They want to appear as if they are against it, but they understand the catastrophic effects of not doing so.


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Osx interface is not intuitive. Closing stuff doesn't even close it... also installing applications makes no sense. Dual booting is pointless if he is going to use excel most of the time is he really going to reboot when he doesn't want to work. Also why pay the premium for Mac if you are not gonna make use of it already half the time.


Here are the advantages to the HDHP/HSA option over the PPO option, some of which you've already mentioned: Lower premiums, saving $240 annually. Your employer is contributing $1500 to your HSA.  As you mentioned, this covers your deductible if you need it, and if you don't, the $1500 is yours to keep inside your HSA. The ability to contribute more to your HSA.  You will be able to contribute additional funds to your HSA and take a tax deduction. Besides the medical expenses applied to your deductible, HSA funds can be spent on medical expenses that are not covered by your insurance, such as dental, vision, chiropractic, etc.  Anything left in your HSA at age 65 can be withdrawn just like with a traditional IRA, with tax due (but no penalty) on anything not spent on medical expenses. With the information that you've provided about your two options, I can't think of any scenario where you'd be better off with the PPO.  However, you definitely want to look at all the rest of the details to ensure that it is indeed the same coverage between the two options.  If you find differences, I wrote an answer on another question that walks you through comparing insurance options under different scenarios.


I don't really see it as worth it at any level because of the risk. If you take $10,000,000 using the ratios you gave making 2% return. That is a profit of $200,000. Definitely not worth it, but lets go to 20% profit that is $2,000,000. To me the risk involved at beint 10 million in debt isn't worth it to make $2,000,000 quickly it would be pretty easy doing something wrong to wipe out everything.


> No thanks EU, I think China, Canada, Japan, South Korea, these are our trade partners. Go wither in your own vine.  The EU is our #1 trading partner:  https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_the_United_States  Japan and Korea combined don't make 1/3 of our business with the EU. We do more with the EU than we do China or Canada. We *need* the EU.


"Most financial ""advisors"" are actually financial-product salesmen.  Their job is to sweet-talk you into parting with as much money as possible - either in management fees, or in commissions (kickbacks) on high-fee investment products** (which come from fees charged to you, inside the investment.)  This is a scrappy, cutthroat business for the salesmen themselves.  Realistically that is how they feed their family, and I empathize, but I can't afford to buy their product.  I wish they would sell something else. These people prey on people's financial lack of knowledge.  For instance, you put too much importance on ""returns"".  Why?  because the salesman told you that's important.  It's not.  The market goes up and down, that's normal.  The question is how much of your investment is being consumed by fees.  How do you tell that (and generally if you're invested well)?  You compare your money's performance to an index that's relevant to you.  You've heard of  the S&P 500, that's an index, relevant to US investors.  Take 2015. The S&P 500 was $2058.20 on January 2, 2015.  It was $2043.94 on December 31, 2015.  So it was flat;  it dropped 0.7%. If your US investments dropped 0.7%, you broke even.  If you made less, that was lost to the expenses within the investment, or the investment performing worse than the S&P 500 index.  I lost 0.8% in 2015, the extra 0.1% being expenses of the investment. Try 2013: S&P 500 was $1402.43 on December 28, 2012 and $1841.10 on Dec. 27, 2013. That's 31.2% growth.  That's amazing, but it also means 31.2% is holding even with the market.  If your salesman proudly announced that you made 18%... problem! All this to say: when you say the investments performed ""poorly"", don't go by absolute numbers. Find a suitable index and compare to the index.  A lot of markets were down in 2015-16, and that is not your investment's fault.  You want to know if were down compared to your index.   Because that reflects either a lousy funds manager, or high fees.   This may leave you wondering ""where can I invest that is safe and has sensible fees?  I don't know your market, but here we have ""discount brokers"" which allow self-selection of investments, charge no custodial fees, and simply charge by the trade (commonly $10).  Many mutual funds and ETFs are ""index funds"" with very low annual fees, 0.20% (1 in 500) or even less.    How do you pick investments? Look at any of numerous books, starting with John Bogle's classic ""Common Sense on Mutual Funds"" book which is the seminal work on the value of keeping fees low.  If you need the cool, confident professional to hand-hold you through the process, a fee-only advisor is a true financial advisor who actually acts in your best interest.  They honestly recommend what's best for you. But beware: many commission-driven salespeople pretend to be fee-only advisors.  The good advisor will be happy to advise investment types, and let you pick the brand (Fidelity vs Vanguard) and buy it in your own discount brokerage account with a password you don't share. Frankly, finance is not that hard.  But it's made hard by impossibly complex products that don't need to exist, and are designed to confuse people to conceal hidden fees.  Avoid those products.  You just don't need them.  Now, you really need to take a harder look at what this investment is. Like I say, they make these things unnecessarily complex specifically to make them confusing, and I am confused.  Although it doesn't seem like much of a question to me.  1.5% a quarter is 6% a year or 60% in 10 years (to ignore compounding). If the market grows 6% a year on average so growth just pays the fees, they will consume 60% of the $220,000, or $132,000.  As far as the $60,000, for that kind of money it's definitely worth talking to a good lawyer because it sounds like they misrepresented something to get your friend to sign up in the first place.  Put some legal pressure on them, that $60k penalty might get a lot smaller.   ** For instance they'll recommend JAMCX, which has a 5.25% buy-in fee (front-end load) and a 1.23% per year fee (expense ratio). Compare to VIMSX with zero load and a 0.20% fee.  That front-end load is kicked back to your broker as commission, so he literally can't recommend VIMSX - there's no commission! His company would, and should, fire him for doing so."


Thank you so much, that means a lot to hear. My uncle I am close with is the CEO of an investment banking company and I have some ambition to try and get into that field.  I just know it is so competitive. But I am also interested in other fields such as financial planning or asset management. But I don't even know yet, I haven't even started my degree and I'm not looking at going back to school until next fall. I'll get in where I fit in I guess.


According to the link below, it does appear that you must take an RMD, or Required Minimum Distribution, from your IRA at age 70½, or face a 50% penalty of the RMD AMOUNT that has NOT been taken, which is going to be much less than 50% of your entire account balance.  Why specifically this happens would be opinion based on my interpretation of the reasoning behind those that enacted the law. I can tell you penalties like this are used to encourage behavior - you can't just leave your money in a tax-free account forever. The IRA is meant to help you build your savings for retirement, and at age 70½ you should be ready for retirement.  This means you must begin withdrawing the money - but that doesn't mean you have to spend it.  In the link below, there are outlines on what you can do to satisfy the required minimum distribution. As it specifies, you can take one lump sum, or spread it out over multiple payments, and there's a calculator to identify what your RMD will be. http://www.schwab.com/public/schwab/investing/retirement_and_planning/understanding_iras/withdrawals_and_distributions/age_70_and_a_half_and_over As noted in the linked page, you DO NOT have to take an RMD on a Roth IRA. If this is important to you, you may want to consider Rolling Over your current IRA to a Roth.


Disallowed losses are created when you buy a stock */- 30 days of a sale at a loss.  When you sell and have no shares left, the loss is taken. You can't have no shares and leftover disallowed loss.


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While I get your point as a joke, I think we need to allow non-highway vehicles on our non-highway roads.  I'd rather not have Kei truck even attempting to get on the highway, but it'd be damn handy to be able to roll down to the local Home Depot.


There may be a net gain in jobs with things like techs, developers, things of that nature, but those are all skilled jobs or at least require a degree of training beyond entry-level, and time will really tell if that is the case one way or the other. The most vulnerable among us are going to be disproportionately impacted by automation, and they will end up the losers at least in the near-term for sure.


they may be willing to issue mortgages with smaller deposits, but may take longer to make a decision That cannot be farther from the truth. If you are getting a mortgage on a smaller deposit, you will be paying a higher interest rate. Time to take a decision depends very much on your credit situation, earnings, spending and the amount of loan you want to avail of. advantages and disadvantages compared to banks today Nothing specifically that is obvious. You deposits are guaranteed by FSCS, which is primarily everybody's biggest concern. One thing I did observe was they generally have saving accounts which pay better than the big banks, but that is for one to compare and find out.  In ownership structure you own a part of the building society because you are a member by having an account(bank/mortgage) with them. Not the case with a big bank though unless you own any shares. You can make a case for the difference of the big bank's multiple business as compared to a building society.


It is simply an average of what each analyst covering that stock are recommending, and since they usually only recommend Hold or Buy (rarely Sell), the value will float between Hold and Buy. Not very useful IMHO.


"One way to start with stocks is by playing the fake stock market.  Investigate what trading fees would be with a broker, then ""invest"" a certain amount of money - note it on paper or in a spreadsheet.  Follow your stocks, make decisions on selling and buying, and see where you would be after a year or so.  That way you can get an idea, even if not exactly precise, on what your returns would be if you really invested the money."


"This is the best tl;dr I could make, [original](https://www.theguardian.com/inequality/2017/jun/14/tax-evaders-exposed-why-super-rich-are-even-richer-than-we-thought) reduced by 91%. (I'm a bot) ***** > For all their merits, tax data raise an obvious issue: by their very nature, they entirely miss tax evasion.  > The key data source used in rich countries to study tax evasion is random tax audits - but these audits do not capture tax evasion by the very wealthy, because few of them are audited, and because random audits fail to detect sophisticated forms of evasion involving shell companies and hidden accounts.  > Progress has already started in this area, as a number of tax havens have agreed to automatically exchange bank information with foreign countries&#039; tax authorities - a major evolution since the time of the HSBC leak.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6h9zhu/why_the_superrich_are_even_richer_than_we_thought/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~144316 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*: **tax**^#1 **wealth**^#2 **Bank**^#3 **HSBC**^#4 **more**^#5"


The primary advantage of an IRA or 401k is you get taxed effectively one time on the money (when you contribute for Roth, or when you withdraw for Traditional), whereas you get taxed effectively multiple times on some of the money in a taxable account (on all the money when you contribute, plus on the earnings part when you withdraw). Of course, you have to be able to withdraw without penalty for it to be optimally advantageous. And you said you want to retire decades early, so that is probably not retirement age. However, withdrawing early does not necessarily mean you have a penalty. For example: you can withdraw contributions to a Roth IRA at any time without tax or penalty; Roth 401k can be rolled over into Roth IRA; other types of accounts can be converted to Roth IRA and the principal of the conversion can be withdrawn after 5 years without penalty.


Yes because I don't really need my savings at all, also screw me for trying to think ahead and investing in my 401(k).  Government programs made social security into a worthless ponzi scheme, is it time to destroy 401(k) system now?


"LOL!!! Once elderly can live off social security alone, we can then talk about ""Universal basic income"".  Just a reminder: Social Security was originally tax free and reasonable. Today, it's taxed, it varies depending on the age you claim it, it's gone if you have too much income, does not increase according to inflation, and this year they removed the ""claim and suspend"" option.  P/S: by the time I retire, I doubt I will get anything form SS... so I don't even count on SS when saving for retirement."


Saving for school is [fundamentally] no different than saving for any other major purchase: in addition to some of the great answers already provided, here are a couple other thoughts: Just to have the [simplified] numbers handy: If you can increase that to $2000/yr, after 18 years: One final thought - I would personally avoid the 529 plans because if your child decides to not go to school (eg goes in the Coast Guard, decides to be a farmer, enters the Peace Corps, etc), you're penalized on withdrawal, whereas with any other savings/investment methodology, you won't have those penalties.


Investopedia has one and so does marketwatch    I've always used marketwatch, and I have a few current competitions going on if you want me to send the link    They recently remodeled the website so it works on mobile and not as well on desktop    Don't know anything about the investopedia one though


Screen Signs help businesses establish a strong market presence with our personalised sales, signage solutions, quality printing services and promotional products range. Getting your business logo imprinted on any promotional item goes a long way in spreading your brand image across the globe.


Yeah, well, you should have seen what John Law was doing across the channel with the Mississippi Company.  It could be argued that Mr. Law was the singular force that ended up causing the French Revolution.   Heady times... heady times for all.


Prosper is the best solution that comes to mind when you need a loan fast. One of the best parts of Prosper is that you can choose the terms of your loan.  Basically, you choose how much you need (from $2,000 to $25,000), the highest payments you're comfortable paying, and the term of your loan... the interest rate is calculated based on what you choose.  Investors bid on your loan listing (driving your interest rate down), and in as little as 24 hours up to a month, you'll have the funds wired to your account. http://www.prosper.com/loans/


> Our corporations pay some of the lowest taxes in the world, with some of the larger ones actually paying none.  No, they don't. The top marginal rate for income taxes is 38%. Meanwhile, in the Republic of Ireland, rates vary from 12.5 - 25% depending on the exact source of the income. So, no, 'our' corporations do not pay the lowest taxes in the world. As far as them paying 'none', that stems from one of two things: one, corporations that pay out all their money in salaries and therefore have no retained earnings (hence, all their money is taxed at the individual level, and workers get socked at a full 35%), and two, corporations that create a price-transfer agreement with a foreign corporation so that income is shifted to a low-tax region where they end up paying nothing to Uncle Sam. That money will still be taxed if they ever try to bring it home and distribute it ... but as long as it stays overseas then no one can touch it because, technically, it hasn't been earned as income yet. That's how companies avoid greedy bastards trying to take their money -- because contrary to your opinion, you're not actually entitled to any of their money, or anyone else's money either. It's not 'your' money, or 'our' money, its 'their' money -- and they have an effective method to make sure it stays that way.  > Btw, if wanting decent opportunity to take care of me and mine is greed, then yes, I'm greedy.   You can already do that -- it's called getting a fucking job and living within your means. You don't **DESERVE** anything in life -- you have to earn it. No one is obligated to just **GIVE** you things just because you want them. Ultimately, this whole 'lets sock it to the rich' attitude doesn't actually take any money out of their pockets ... the only people harmed are workers who can't take advantage of the methods they use to shift income overseas. In short: you're not simply wrong, you're criminally ignorant.


ABC should have gone after the FDA if they had a real problem.  So glad with the outcome here.. press should understand that they must put in work to seek the truth, and not simply go for clickbait headlines.


Many companies and careers there are no rungs. If you hire 20 roofers and 1 manager not all those 20 roofers will get to move up to management, it just can't happen. And being a good roofer does not make them a good manager, it is necessary to understand the job of the people you're managing but management is an entirely different skill set on it's own.


> Taskrabbit is available in London. There were a couple of other startups in the UK before taskrabbit launched but their websites seem to be dead now.   I know it is available, but that is not the same as adapting for a new market. London is not SF. I suspect the employee ruling on uber Wil come down on task rabbit/udesk too.


generally Forward P/E is computed as current price / forward earnings.  The rationale behind this is that buying the stock costs you the current price, and it gives you a claim on the future earnings.


Ray suggests FED should look to see improvement in the lower 60%, but I don't think Trump supporters would be satisfied with a 5% real wage growth. They are after the unnaturally high income that low-educated get from unionizing in factories. The disgruntled are here to stay no matter what FED does.


The OP invests a large amount of money each year (30-40k), and has significant amount already invested. Some in the United States that face this situation may want to look at using the bonus to fund two years worth of IRA or Roth IRA.  During the period between January 1st and tax day they can put money into a IRA or Roth IRA for the previous year, and for the current year. The two deposits might have to be made separately, because the tax year for each deposit must be specified. If the individual is married, they can also fund their spouses IRA or Roth IRA.  If this bonus is this large every year, the double deposit can only be done the first time, but if the windfall was unexpected getting the previous years deposit done before tax day could be useful.  The deposits for the current year could still be spread out over the next 12 months. EDIT: Having thought about the issue a little more I have realized there are other timing issues that need to be considered.


Prime Day is a poorly executed concept. You cannot put up items of which 90% are worthless and expect people to get excited.   Black Friday is not about clearing your inventory of garbage. It's about kick-starting the shopping season.   It's an entirely pointless exercise if you offer discounts on things no one wants.


"I searched for the phrase you quoted and received three results, none of which were meaningful. If what you say about this guy were true, it would be trivial to post some links.  I'm not sure how asking for citations is unpleasant. Did you telll teachers they were being ""unpleasant"" when they required a bibliography and/or works cited section in reports?"


Google's management is already acutely aware of hese forces and likely has better intel than any material publicly available. Apple is not in the ISP business and while people having faster internet would possibly benefit Apple to a mild extent this isn't a pressing issue for them.   Unfortunately the dominance of the cable oligopoly is upheld by political forces outside the influence of much of the private sector. I'm not too familiar with the American regulatory system but my guess is the DoJ wouldn't even look twice at this, let alone have any jurisdiction on the matter.   Sorry :(


> He shouldn't be allowed to work overtime. Bridge patrol should be mandated to be well rested and never overworked. They should work max 40 hrs a week. And they should be salaried and not hourly.  If you've got all these bright fuckin' ideas, why don't **you** go run the police department?


"Careful, this could be a scam.  But if not.... There is no feasible way to turn that into cash without a very good reason that will require your banker to know you, as a depositor, reasonably well.  And it sounds like you aren't banked at all. If this is your money, please pay attention - Class in America is defined by financial knowledge.  If you are unbanked and lower class, $2M is actually dangerous - read a book called ""Money for Nothing"" about what happens to lottery winners.  Honestly the tendency is for lower-class people to be possessed to keep making lower-class financial decisions, which directly lead them to be broke and bankrupt in months regardless of the size of the windfall. So making decisions differently is literally rehab... No exaggeration.  To change your thinking, you'll want to read Suze Orman, John Bogle and Napoleon Hill.  For an American who thinks about money the way the upper-middle-class does, $2M in the bank means the end of the 9-5 grind. He will still need to work, but will be able to be much more selective about choosing jobs which are fulfilling.  It brings him the utopia we were promised.   If you are currently unbanked, you will simply need to get banked to handle a check of this size.   Handling this much cash is literally impossible due to the RICO laws designed to stop drug dealing and money laundering.  Even if you split it into many small amounts, that itself is structuring which is a felony all its own.  So let's get banked.   A $2M check is a terrible entré into the banking world because it makes you smell like a criminal or scammer at first introduction.  I could deposit one no problem because I have 10 years of history with my bank.  But you, you'll need to convince the bank you're the real deal, and give them reason to trust you. Be prepared to that ""trust"" to include depositing some money... at the least, the bank will want to know you're good for the bad-check fees they suspect will follow. Go to a local bank or savings-and-loan that you trust, the smaller the better, and sit down with a banker.  Describe your situation honestly and have him open an account and deposit the check.  If your burned your ability to open checking accounts with a ChexSystems mark, you'll need to be more selective about banks and be honest about that to the banker.  And wait a month for that check to clear positively, believe me your banker will be watching that.   At that point, if you want great bunches of the money out quickly, it'll need to be in the form of a cheque or bank check.  Cash ain't gonna happen, nor should it.  The reason is, again, the RICO laws.   Of course, if you are a criminal or scam victim, none of the above applies, sorry."


"I disagree. My parents, boomers, and their parents, depression era, have all told me that ""social security is going bankrupt!"" has been a major political talking point right from the start. There has not yet been a generation who was in their 20s who hasn't gotten that messaging. There have always been what seemed like legitimate threats, but social security really is somewhat of a case of ""too big to fail,"" and provided the wingnut crowd doesn't get crowned ruling council of the country and gut it, there's simply no way SS will be allowed to go under. Not with what a massive political force AARP and 55+ special interest groups are in the US. They are more massive on our political landscape than most people realize.   But I digress. The idea that SS won't be around in 50 years is how it's always been."


I want to start investing money, as low risk as possible, but with a percentage growth of at least 4% over 10 - 15 years. ...I do have a mortgage, Then there's your answer.  You get a risk-free return of the interest rate on your mortgage (I'm assuming it's more than 4%).  Every bit you put toward your mortgage reduces the amount of interest you pay by the interest rate, helping you to pay it off faster.   Then, once your mortgage is paid off, you can look at other investments that fit your risk tolerance and return requirements. That said, make sure you have enough emergency savings to reduce cash flow interruptions, and make sure you don't have any other debts to pay. I'm not saying that everyone with a mortgage should pay it off before other investments.  You asked for a low-risk 4% investment, which paying your mortgage would accomplish.  If you want more return (and more risk) then other investments would be appropriate.  Other factors that might change your decision might be:


> I feel the same way about your arguments, but I still try to respond to the content of your arguments rather than my assumptions about them.  You're right, I went ad hominem. Apologies.  > Then I guess we have fundamentally different ideas about what is freedom and what is not. You seem to think that forcing someone to negotiate with a party, against their will, is not a violation of any of their rights.  We have the same goal, and that's to have a society that results the maximum quality of life for the most amount of people. However, being a pragmatist, this is where I usually fail to find common ground with the libertarian view point.  What should be a right and what should be restricted by law is totally subjective. So since any law can be seen as a violation of someone's rights, the argument that a law is wrong simply because it does so is invalid. To me a  demonstration that the benefits outweigh the costs is a more powerful argument, though it should probably be shown that there is a significant margin between the two, otherwise I'd have to air on the side of individual rights.  We don't have the right to advertise sugar pills as a cure for cancer, we don't have the right to drive our cars after 10 beers, we don't the right to sit on a park bench and start masturbating...we don't have these rights because the cost to our society is greater than the benefits (maybe these aren't the greatest examples but you get the idea).  So as for making an employer send a couple representatives to a bargaining table being a violation of their rights, yes it is, but this is such a small cost compared to the benefit of diminishing the chance of work stoppages that have a rippling effect on the economy and the resulting unrest created when people feel like they have no hope [(read the introduction to the NLRA)](https://www.nlrb.gov/national-labor-relations-act) I'd also argue that the NLRA protects more rights than it takes away - mainly the rights of free association and speech.  I could raise the issues of unions contributing to a more democratic and socially just society, but I'm guessing that'd fall on deaf ears. In general though, I think you give the idea of a union too much credit. Do you know how hard it is to get colleagues to start seeing one another as having shared interests? It ain't easy, that's for sure.  > The solution is to let the process of economic development run its course until child labor is not necessary.  You may very well be right about this, but a child working a mundane job instead of building their mind, diminishes the life of one not strong enough yet to determine their own course, is just so terribly wrong. So I just have a hard time accepting this, especially living in a world where there is such with such a huge wealth disparity.    > A union is not a self-interested party. A union represents self-interested parties, who are not directly affected by the destruction of their industry 30 years into the future, since they would have retired by then.  Unions are generally made up of the socially conscious type - no one gets into organizing for the money. I can't say for certain if this challenges your point, however I don't exactly see the difference between the unionist who is going to retire and the CEO is going to retire and the shareholders who can pull out when put their money elsewhere when it suits them.  > Many of the laws and union-backed agreements that ended up destroying many of America's industries took decades to have their full effect. It wasn't a case of a law being passed, and the next year, the industry going bankrupt.  Examples needed where the industries were actually bankrupted, not just moved overseas to increase profits because workers will settle for less.  > Why should employers pay out the most they can afford, and why should laws be passed to force employers to do so? The only reason people invest is to profit. If all profits had to be paid to employees, there would be no incentive to invest, and therefore no increase in capital/productivity.  I never said that employers should be paying out all they can afford, and you setting up this straw man only reiterates my point that these discussions with libertarian types all too often come down to this zero-sum game, where an increase in working conditions will trigger bankruptcy, which I think stems from a belief that supply-side economics is keeping standards the highest they can possibly be.  If a company has an operating income of $1 bil, what is giving a 5% pay raise to workers going to do, except make that operating income slightly less? I suppose it'd be better if that money were invested back into the company...but wait, aren't people a resource to invest in? And one that offers a high rate of return?  Take the the lock-out of ConEd workers in NYC for example: ConEd's profits were over 2 billion when their previous contract was signed, and a few years later when their contract expired the profits were still that high. What did ConEd do? They came to the table with an offer that slashed their benefits tremendously, and locked-out all the workers when the union rejected it.   How can the case be made that ConEd couldn't afford to give workers what they already had? Has their value all of a sudden dropped? I don't think so. This is just greed, and doesn't contribute to a healthy society.


> how come the business world still ignores him? And treat humans like machines?  The biggest reason is that you can't easily make a model unless you assume people are perfectly rational. So, although the assumption that people are rational is not perfect, it can still be useful for making business decisions. Businesses have to make decisions based on imperfect information every day. I don't think Thaler is ignored though.


Aahhahahah Bestbuy? Are you fucking kidding me? I went to three Bestbuys in two different states this month. Both had at least 150 or so cars in the parking lot and the place was fucking packed.  Yeah, I know it's cool for Reddit to hate Bestbuy, but don't blind yourself in to thinking Bestbuy has a failing business, because it doesn't.


Every now and then I fill a pocket with a handful of coins and spend it on a very small shop on my way home, i.e. a loaf of bread (£1.50), a pint of milk (50p) by using the self-check out (Tesco/Sainsbury's) which has a coin slot or even better the little bowl where you put coins down. I find this pretty straightforward. There's no point having a jar at home worth £50.


The issue has nothing whatsoever to do with hating on women you stupid bitch. Employers don't want to have to incur the cost and expectation of women leaving work for eight weeks. Get it through your stupid feminist head that when you demand laws for special benefits they end up biting you in the ass later on. You asked for this shit so shut the fuck up and take it.


"$400M is the gross ""check"" the company will receive as payment for the project. The contract will specify payment schedule. And it can range from a payment per milestone achieved to a pay in full on completion.  The profit will hopefully be positive, but it's not impossible for a bid to underestimate the full cost, resulting in no profit at all. In theory, if you knew the expected profit from the deal, you should be able to estimate the value it adds to the company's value."


Just for anyone who doesn’t read the link a few posts above, when OP says some people will do this and still be in poverty, he means 2% of people. 98% of people who do this get out of poverty, and 75% get into the middle class.


I agree with the other answers here.  You need to pay off your debts first, so that you can take the money you would have been spending on debt payments and make retirement contributions instead.  The longer they hang around, the more you pay in interest and the more they are a risk to you.  Imagine if you or your spouse were laid off, which is better scenario: having to pay for your necessities plus debts or your necessities alone?  Just focus on one goal at a time, and you will do well. And the best way for you and your new spouse is to have the same financial goals and a huge part of that agreeing on a budget each month and being flexible.  Don't use it to control your spouse, you each have a vote.  I have not used Vangaurd, but have heard good things about them.  I would do some research before investing with them or anyone else for that matter. What you want to find when it comes to investing is someone with the heart of a teacher, not a product peddler.  If you have someone who is pushing financial products, without explaining (A) how they work, and (B) how they fit your situation, then RUN AWAY and find someone else who will do those two things.


Chinese currency is not freely convertible. Its exchange rate is not determined by the market but rather by the Chinese government. Thus the counter-intuitive result. In essence, the Chinese government is subsidizing exports (which is reasonable since exports is what drives the Chinese economy).


"There are some assumptions which can be made in terms of the flexibility you have - I will start with the least flexible assumption and then move to more flexible assumptions. If you must put down a number 1, your go-to for this(""Change the start period to 1""), is pretty good, and it's used frequently for other divide-by-zero calculations like kda in a video game. The problem I have with '1' is that it doesn't allow you to handle various scales.  Some problems are dealt with in thousands, some in fractions, and some in hundreds of millions. Therefore, you should change the start period to the smallest significantly measurable number you could reasonably have. Here, that would take your example 0 and 896 and give you an increase of 89,500%. It's not a great result, but it's the best you can hope for if you have to put down a number,  and it allows you to keep some of the ""meaning in the change."" If you absolutely must put something This is the assumption that most answers have taken - you can put down a symbol, a number with a notation, empty space, etc, but there is going to be a label somewhere called 'Growth' that will exist. I generally agree with what I've seen, particularly the answers from Benjamin Cuninghma and Nath. For the sake of preservation - those answers can be summarized as putting 'N/A' or '-', possibly with a footnote and asterisk. If you can avoid the measurement entirely The root of your question is ""What do my manager and investors expect to see?"" I think it's valuable to dig even further to ""What do my manager and investors really want to know?"". They want to know the state of their investment. Growth is often a good measurement of that state, but in cases where you are starting from zero or negative, it just doesn't tell you the right information. In these situations, you should avoid % growth, and instead talk in absolute terms which mention the time frame or starting state. For example:"


I can't speak authoritavely about enforceability. I've done some work on arbitration clauses for a client and worked on a major litigation case where we were trying to invalidate some arbitration clauses and arguing duress (but we ended up settling before it went to court). I believe common some law concepts would work (they are contracts after all), but the FAA is usually read to preempt some typical defenses.  I also know in some jurisdictions the enforceability of an arbitration cause is put to arbitration itself, which is a barrier to getting some sort of collective action going and effectively cools a lot of litigation.  It may very well be that Uber's arbitration agreements are unenforceable, but there is a lot of rage on Reddit over Uber's use of arbitration clauses, and I only wanted to bring up the fact that companies use them all the time


It gives you a strong fundamental understanding of the operations of a business and can be leveraged into various areas within a business. It also gives you a wide range of opportunities from auditing, investment banking, consulting, and finance based on your drive and interests. It also has strong future job growth and good career progression.


The belief that you need elites to set rules for you, safety nets to protect you, men with guns to discipline you, and that its ok to use violent force to enforce your rules is self hatred at its very fundamental level.  YOU may need all those things, I do not.


According to the New York Attorney General's Tenants' Rights Guide: Landlords, regardless of the number of units in the building,   must treat the deposits as trust funds belonging to their tenants and they may not co-mingle deposits with their own money. Landlords of buildings with six or more apartments must   put all security deposits in New York bank accounts earning   interest at the prevailing rate. Each tenant must be informed   in writing of the bank’s name and address and the amount of   the deposit. So you have to keep it separate, you can't spend it, and if you own more than six units, you have to put it in a bank account.  (The guide goes on to explain that the interest should be paid to the tenant.)


"How will contribution limits rise?  Contribution limits are raised based on COLA. COLA (Cost of Living Adjustment) is a number based on CPI (Consumer Price Index) which is published by the Bureau of Labor Statistics. The IRS publishes these limits annually and a simple search term to find them each year is ""415 limits"" because section 415 lists how much the various qualified plans can set aside each year. CPI is a heavily managed and very political number. It is the number that is cited when the media talks about ""inflation."" Since it drives increases in salaries, deductions, Social Security and pension payments, there is very heavy pressure to keep the number smaller than it really is.  My next step was to calculate how long that money will last  One traditional rule-of-thumb is to withdraw 4% of your balance each year. Another alternative is to purchase annuities. While younger people think that annuities are horrible investments, they appeal to older people because they protect the annuitant from excessive risk of losing your capital. When you are 30, and another 2008 comes along wiping out half your savings, you have time to re-earn that money. When you are 60, and another 2008 comes along wiping out half your savings, you have very few years to recover that money. So an annuity pushes that risk onto insurance companies. If you think you will die in your 90s, then an annuity is going to be a good investment (the insurance company will be betting that you won't be living that long).  I have a simple spreadsheet that I use to calculate estimated projected balances and compare them to actual performance. Don't forget that when you reach 50, the amount you can contribute goes up due to ""catch up contributions.""   There are 2 views of the same tab in this picture. There are 3 growth rates: pessimistic, nominal and optimistic. You can change the numbers to suit your own projections of future growth. Other tabs on this spreadsheet include measurements of actual performance by my 401k and IRA accounts. At the end of the year, I replace the numbers in columns F, G & H with the actual end-of-year dollar amounts. This way, future estimates do not get too far unhinged from reality.  If you need more sophisticated planning, such as Monte Carlo analysis to attempt to cope with inflation, I recommend the book Engineering Your Retirement. The book is aimed at younger engineers, so there is a bit more math than the average person would want."


What you haven't mentioned is the purchase risk.  You say that she will buy but then say you will be on the loan. If you are on the loan, essentially you will be purchasing a rental property and renting to your mother.  So that is the analysis you need to consider. You need to be financially able to take on this purchase and be willing to be a landlord. The ten year timeline looks good on paper. This may not be realistic, especially with an aging parent.  What if after 4 years, she can't stay in that condo?  What renting buys is flexibility. If she needs money for any reason, it is not tied up in an asset and unavailable. She is able it move if necessary. If she won't need the money, she should buy in cash. That, by far, gives her the best deal.


">In regards to the government's size: I personally believe it is much too large.  Here I would agree, and yet disagree at the same time.  Wait... WTF do I mean by that?  Well, take for example your local county ""justice"" (courthouse) operation. Chances are the number of judges hearing cases has increased only SLIGHTLY from the number a century ago (at most they have probably doubled the number of judges). This despite the fact that the population has likely increased by fivefold or even tenfold, and the amount of statutes and regulations people being charged with violating has probably increased a hundredfold or more.  *End result: a justice system that relies upon rather blatant coercion (escalating the charges in order to force a ""plea"" deal and so to prevent the vast majority of cases from actually going to a trial, much less a ""trial by jury"" thus effectively turning the 6th amendment into a farcical hollow shell).*  What has increased in size and scope instead (and not only in relation to the population increase, but many, many times greater increase) ... the number of police, the number of ""jailers"", and probation/parole officers, etc.  Likewise, whereas when the country was founded each Congressman represented a fairly small number of constituents (IIRC initially one for every 30,000 people -- basically the equivalent of what today would be a ""mayor"" for a small to mid sized country town).  But NOW, most congressmen have far in excess of a MILLION constituents.  *End result: representation (and the ""accountability"" elections are supposed to enable) has, similar to the aforementioned ""justice"" system, become a farcical thing.* (Cf http://www.thirty-thousand.org/)  And again, what has happened in the place of an ""expansion of representation""?  The inordinate multiplication of (almost entirely) unaccountable ""bureaucrats""; echoes of the Declaration of Independence which states (in the list of complaints against the King of England), to wit: *""He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.""*  ---  *So it isn't really so much the simple measure of the SIZE of government, as it is* **the specific ways and places and (unconstitutional) roles** *into which the additional personnel have been added.*"


unless you had a distribution network and the customers to use it, IE: brick and motor stores in every city that can field orders and the volume to justify truck routes.  Here in Canada there is grocery deliveries via grocery gateway (filled by longo's, a grocery chain in the GTHA) and even Walmart is getting in on it. Granted it is only in the GTHA right now, but the model could work in towns that aren't tooooo sparse.


I remember when the whole 'Supersize Me' effect hit McDonalds hard but they reworked their menu, invested in refurbishing their chains and branched out to the McCafe range and other more diverse products.  Personally I dislike their food and never eat there but I think they have some smart business people in upper management which will get them through this slump.


I would open a taxable account with the same custodian that manages your Roth IRA (e.g., Vanguard, Fidelity, etc.). Then within the taxable account I would invest the extra money in low cost, broad market index funds that are tax efficient. Unlike in your 401(k) and Roth IRA, you will now have tax implications if your funds produce dividends or realize a capital gain. That is why tax-efficient funds are important to minimize this as much as possible.  The 3-fund portfolio is a popular choice for taxable accounts because of simplicity and the tax efficiency of broad market index funds that are part of the three fund portfolio. The 3-fund portfolio normally consists of Depending on your tax bracket you may want to consider municipal bonds in your taxable instead of taxable bonds if your tax bracket is 25% or higher.  Another option is to forgo bonds altogether in the taxable account and just hold bonds in retirement accounts while keeping tax efficient domestic and international tock funds in your taxable account. Then adjust the bond portion upward in your retirement accounts to account for the additional stocks in your taxable accounts. This will maintain the asset allocation that you've already chosen that is appropriate for your age and goals.


I can't comment about your tax liability in Greece. You will have to pay tax on interest in the UK. If you are earning massive amounts of interest, unlikely with the current interest policies from Merv, then you might be bumped up a tier. The receiving bank may ask for proof of the source of the funds, particularly if it is a fair chunk of change.


Look for discounts from a health insurance provider, price club, professional memberships or credit cards. That goes for a lot of things besides health memberships.  My wife is in a professional woman's association for networking at work.  A side benefit is an affiliate network they offer for discounts of lots of things, including gym memberships.


Ok maybe I should have went into further detail but I'm not interested in a single point estimate to compare the different options.  I want to look at the comparable NPVs for the two different options for a range of exit points (sell property / exit lease and sell equity shares). I want to graph the present values of each (y-axis being the PVs and x-axis being the exit date) and look at the 'cross-over' point where one option becomes better than the other (i'm taking into account all of the up front costs of the real estate purchase which will be a bit different in the first years).  i'm also looking to do the same for multiple real estate and equity scenarios, in all likelihood generate a distribution of cross-over points.  this is all theoretical, i'm not really going to take the results to heart. merely an exercise and i'm tangling with the discount rates at the moment.


Florida. Piece work. Gutters. Oh and the industry is in such demand you can company hop all day all over the country. It's not much just climbing a ladder all day in the sun in 110 heat index 100% humidity hardly able to move after work. Oh that's also if you don't mind basically working minimum wage for the first year until you get good. Yeah no medical but no one seems to care if you're a junkie or alcoholic. Or call out every day. Or show up late because you can't be fired because there is no one to replace you.


Laser hair removal BC most likely the best solutions offered right now to take away excess hair. It offers one of the only long term options and will give perfect results just one or two procedures. Even if you wax or deep shave, the hair will come back after a period of time..


"This is the best tl;dr I could make, [original](http://voxeu.org/article/price-manipulation-bitcoin-ecosystem) reduced by 94%. (I'm a bot) ***** > While Bitcoin shows great promise to disrupt existing payment systems through innovations in its technical design, the Bitcoin ecosystem1 has been the frequent target of attacks by financially motivated criminals.  > Why should we care about the Bitcoin manipulation that took place in 2013? After all, the Bitcoin ecosystem is not nearly as important as the New York Stock Exchange.  > Vasek, M, J Bonneau, R Castellucci, C Keith and T Moore, &quot;The Bitcoin brain drain: a short paper on the use and abuse of bitcoin brain wallets&quot;, in Financial Cryptography and Data Security, Lecture Notes in Computer Science.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6j208h/fair_warning_scientific_study_price_manipulation/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~150937 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*: **Bitcoin**^#1 **trade**^#2 **exchange**^#3 **currency**^#4 **cryptocurrency**^#5"


"Israel has a federal union (called ""Histadrut"") since its founding.  As an Israeli, I can assure you: a Federal Union will be as corrupt as local unions and as most politicians are. Power leads to corruption.  What we need are laws, and not departments, committees and groups to work ""for the worker and American citizens""."


"Long term capital gains are taxed at 15% this year, so the most you stand to save is $150. I wouldn't sell anything at a loss just to offset that, unless you planned on selling anyways.  A few reasons: The Long term capital gains rate will go up to 20% next year, so your losses will be ""worth more"" next year than this year. Short term capital gains rates will go up next year as well, so again, better off saving your losses for next year. You must use capital losses to offset capital gains if you have them, but if you don't have any capital gains, you can use capital losses to offset ordinary income (up to a limit - $3,000 a year IIRC).  So, if you just bite the bullet and pay the 15% on your gains this year, you could use your losses to offset your (likely higher rate) ordinary income next year. FYI, complete chart for capital gains tax rates is here. I also posted another answer about capital gains to this question a while back that might be useful."


its not about ruin, its about less and less incentive through decreased net profits.  Your business yields 50% net profits off the gross? Acceptable. Through increased liability it yields only 40%? Less incentive.  If I told you your paycheck would remain the same, but gas would go up 20% and you've got a 40 mile commute. Would you keep the same job? At what point do you leave that job? How close to 100% of your salary cost in gas would you continue working? What if 80% of your net income went to gas?


For your business and specific needs, you can take company public consultant assistance. Their experienced and polite professionals will closely work along with you throughout the process. The CEO of Mina Mar Group has been assisting publicly traded companies and also private companies. To serve our private business clients, we work along with the equity lenders.


> They suck at building cars  Let's not let emotion blind us to their capabilities. You might not like their cars (I don't), but the 1980's were a long time ago, and they make quality vehicles all over the world. The have the resources to write and/or acquire software, too.


You didn't answer my question. If you can't answer a yes or no question there is not point in engaging further.   Ill be happy to answer your question, why don't you afford me the same courtesy.   I do because there are biological differences, from intelligence to athleticism. Why is the NBA dominated by blacks? Why are there no 1st world majority black nations?  🤔🤔🤔


"Social security number should only be needed for things that involve tax withholding or tax payment. Your bank or investment broker, and your employer, need it so they can report your earnings. You need it when filing tax forms. Other than those, nobody should really be asking you for it.  The gym had absolutely no good reason to ask and won't have done anything with the number. I think we can ignore that one. The store cards are a bigger problem. Depending on exactly what was done with the data, you may have been messing up the credit record of whoever legitimately had that number... and if so you might be liable on fraud charges if they or the store figure out what happened and come after you. But that's unrelated to the fact that you have a legitimate SSN now. Basically, you really don't want to open this can of worms. And I hope you're posting from a disposable user ID and not using your real name... (As I noted in a comment, the other choice would be to contact the authorities (I'm not actually sure which bureau/department would be best), say ""I was young, foolish, and confused by America's process... do I need to do anything to correct this?"", and see what happens... but it might be wise to get a lawyer's advice on whether that's a good idea, a bad idea, or simply unnecessary.)"


lol yea, I know. You think he's going to keep investing in and running his only meaninful competitor in a space he just made a big move in? Because he got a shitty super minority stake? Get out of here


Starting a blog is a process that can be equally rewarding whether you are doing it for professional or personal reasons. No matter what your reasons for running a blog, your blog is your own. But if you want to get people to visit your site, it’s important to handle your blog in the best way possible. In the following article, you’ll read some helpful tips on how to start building a blog.


Just signed up to them recently myself.  Still not sure if I want to delete my account now, or wait and see if they can get more western European documents on line.   Just haven't had time to find out who this Primera is, and if I need to worry about them selling my data.


I just wonder how they will handle the logistics and supply if demand goes through the roof because of lower prices. Sure, Amazon has a large distro network, but can they adapt it well enough to carry the WF inventory and ship to stores efficiently enough? I foresee a lot of out of stock merchandise.


"the ""advisory committee"" is comprised of 28 foxes and 2 hens, to determine the fate of the rest of the hens.  its implicitly obvious whose interests are being represented.  in addition, you are ignoring the profit motive as if it doesn't exist.  you are perhaps unaware how expensive and crappy US internet is compared to the rest of the first world.  is your *opinion* the same about the EPA under Scott Pruitt?  the very people the EPA is supposed to keep in check are now in charge of the EPA.  the FCC appears to be heading in the same direction"


This is really an extended comment on the last paragraph of @BenMiller's answer. When (the manager of) a mutual fund sells securities that the fund holds for a profit, or receives dividends (stock dividends, bond interest, etc.), the fund has the option of paying taxes on that money (at corporate rates) and distributing the rest to shareholders in the fund, or passing on the entire amount (categorized as dividends, qualified dividends, net short-term capital gains, and net long-term capital gains) to the shareholders who then pay taxes on the money that they receive at their own respective tax rates. (If the net gains are negative, i.e. losses, they are not passed on to the shareholders. See the last paragraph below).  A shareholder doesn't have to reinvest the distribution amount into the mutual fund: the option of receiving the money as cash always exists, as does the option of investing the distribution into a different mutual fund in the same family, e.g. invest the distributions from Vanguard's S&P 500 Index Fund into Vanguard's Total Bond Index Fund (and/or vice versa). This last can be done without needing a brokerage account, but doing it across fund families will require the money to transit through a brokerage account or a personal account. Such cross-transfers can be helpful in reducing the amounts of money being transferred in re-balancing asset allocations as is recommended be done once or twice a year. Those investing in load funds instead of no-load funds should keep in mind that several load funds waive the load for re-investment of distributions but some funds don't: the sales charge for the reinvestment is pure profit for the fund if the fund was purchased directly or passed on to the brokerage if the fund was purchased through a brokerage account. As Ben points out, a shareholder in a mutual fund must pay taxes (in the appropriate categories) on the distributions  from the fund even though no actual cash has been received because the entire distribution has been reinvested. It is worth keeping in mind that when the mutual fund declares a distribution (say $1.22 a share), the Net Asset Value per share drops by the same amount (assuming no change in the prices of the securities that the fund holds) and the new shares issued are at this lower price. That is, there is no change in the value of the investment: if you had $10,000 in the fund the day before the distribution was declared, you still have $10,000 after the distribution is declared but you own more shares in the fund than you had previously. (In actuality, the new shares appear in your account a couple of days later, not immediately when the distribution is declared).  In short, a distribution  from a mutual fund that is re-invested leads to no change in your net assets, but does increase your tax liability. Ditto for a distribution that is taken as cash or re-invested elsewhere. As a final remark, net capital losses inside a mutual fund are not distributed to shareholders but are retained within the fund to be written off against future capital gains. See also this previous answer  or this one.


Yup, 7 figure seller myself. That's why everything possible goes fba anyway. Ain't nobody got time to deal with customers anyway, who can compete on that, especially with Amazon. It's not that the customer is always right, it's just easier most of the time to treat them like they are and move on. If customer issues are a significant part of your business, or can cause that much damage, you shouldn't be in this business.


I am quite sure you can set up an office in your basement for a lot less than $15,000. Don't build any walls, install any flooring, or upgrade the ceiling. Just install more lights and plugs. Set up your desks, bookshelves and what not in whatever corner is furthest from noises like the laundry room or the furnace. The kids and the nanny get the main floor - just let the whole living room be a giant playroom, for example. This gives you the separation you need to work at home, but you can hear if something really needs your attention.  When the kids go off to school, you can refinish the basement into a playroom for kids who don't always need supervision, using the money you are no longer spending on the nanny to install carpeting, real walls, a drop ceiling and so on. Your office stuff can move up to the main floor or to a spare room upstairs if you had one but it wasn't usable during the baby years when upstairs generally has to be quiet. As the kids get older the basement can get tailored to what preteens and teens like. This is essentially what we did, and our square footages and child counts match yours almost precisely. We did eventually convert our garage to carpeted and finished space, and it spent time as an office with staff coming in each day, then some time as a teen playroom (think video games and loud music) after the business rented office space outside the house, but if you don't intend to hire staff for your business you don't need to do this part. We did the majority of the basement wiring ourselves and got an electrician to hook it into the panel and check our work. The budget would probably be less than 10% of the guess from your real estate agent.


"You can definitely do it. But: Refinancing would make more sense to you, you can refinance at no cost and get rates below 4%, so you'll be saving 1% a year, without paying anything extra. If you pay the fees you'll get even lower rates, but then you need to check whether its worth it. I've just refinanced to a 15 years fixed mortgage at no cost a couple of months ago, and got 3.875% rate (in California), so its definitely worth looking into, don't just dismiss it. This will limit your flexibility though, because paying 30yrs loan ""as if"" is much more flexible than committing on 15yes loan - you can always go back to your original payments if you want to spread it out a bit more. You can add a HELOC once you've accumulated some equity to back you up, that's what I did."


It is ALWAYS possible for a company's valuation in the market to be larger than the market it serves, and in fact it is not uncommon.  There's valid argument that Uber would be a good example of this, with a market cap of more than $60 billion.  Market cap is the total value of all shares outstanding.  Keep in mind that what a company's shares  trade for is less a reflection of its past (or, to some degree, even present) revenue activity and more of a speculative bet on what the company will do in the future.


What can you do?  Pay the loan or face the debt collectors. The finance company don't care who now keeps the car, or who drives it.  There's money outstanding on the loan, and your signature on the loan form. That's why co-signing a loan for someone else so often ends in tears.


"1) When it says ""an investment or mutual fund"", is a mutual fund not   an investment? If no, what is the definition of an investment? A mutual fund is indeed an investment. The article probably mentions  mutual funds separately from other investments because it is not uncommon for mutual funds to give you the option to automatically reinvest dividends and capital gains.    2) When it says ""In terms of stocks"", why does it only mention   distribution of dividends but not distribution of capital gains? Since distributions are received as cash deposits they can be used to buy more of the stock. Capital gains, on the other hand, occur when an asset increases in value. These gains are realized when the asset is sold. In the case of stocks, reinvestment of capital gains doesn't make much sense since buying more stock after selling it to realize capital gains results in you owning as much stock as you had before you realized the gains. 3) When it says ""In terms of mutual funds"", it says about ""the   reinvestment of distributions and dividends"". Does ""distributions"" not   include distributions of ""dividends""? why does it mention   ""distributions"" parallel to ""dividends""? Used in this setting, dividend and distribution are synonymous, which is highlighted by the way they are used in parallel. 4) Does reinvestment only apply to interest or dividends, but not to   capital gain? Reinvestment only applies to dividends in the case of stocks. Mutual funds must distribute capital gains to shareholders, making these distributions essentially cash dividends, usually as a special end of year distribution. If you've requested automatic reinvestment, the fund will buy more shares with these capital gain distributions as well."


"The question I think is not: ""What is a certain material worth in a coin"" but ""What is a certain material worth in a coin and how much does it cost to get it out of there"". Just because something contains a certain element doesn't mean that you can get to it cheaply. Also as George Marian said: I don't think that it is legal to melt coins. So if the time comes you would first have to find a company willing to process the coins etc. Also you should not only compare what it is worth now and at a later time but also what that money would be worth if you put it into a high yielding savings account or something like that."


Isn't Uber's insane valuation based on the promise that they will usher the autonomous vehicle era? Didn't Uber steal that tech (LADAR) from Google, which hopefully google will put Uber in the poor house if it goes to trial?  You can tell who I'm rooting for.


I'm not sure those are as directly correlated as you make it appear.  Wouldn't capacity refer to the ability of solar panels to store energy, while production refer to how much is actually generated? If true, then generation could have extreme variance based on where it is installed (i.e. how much access the panels have to sunlight). A person installing a solar panel in Minnesota will have drastically different power generation than a person installing that same panel in the middle of an Arizona desert, but wouldn't their capacity for storage be equal?


For bonds bought at par (the face value of the bond, like buying a CD for $1000) the payment it makes is the same as yield. You pay $1000 and get say, $40 per year or 4%. If you buy it for more or less than that $1000, say $900, there's some math (not for me, I use a finance calculator) to tell you your return taking the growth to maturity into account, i.e. the extra $100 you get when you get the full $1000 back. Obviously, for bonds, you care about whether the comp[any or municipality will pay you back at all, and then you care about how much you'll make when then do. In that order. For stocks, the picture is abit different as some companies give no dividend but reinvest all profits, think Berkshire Hathaway. On the other hand, many people believe that the dividend is important, and choose to buy stocks that start with a nice yield, a $30 stock with a $1/yr dividend is 3.3% yield. Sounds like not much, but over time you expect the company to grow, increase in value and increase its dividend. 10 years hence you may have a $40 stock and the dividend has risen to $1.33. Now it's 4.4% of the original investment, and you sit on that gain as well.


"Your honor, last Wednesday we observed this man paying some kids $12 for what he called The Works. He said he would give them $14 if they did the feet hands"" but the kids said no. Seemed awfully suspicious to us too."""


Your mother has a problem that is typical for a woman with children.  She is trying to help her children have a good life, by sacrificing to get them to a point where they can live comfortably on their own.  Though she has a difficult situation now, much of the problems come from a very few choices by her and her children, and her situation can be fixed. Let me point out a few of the reasons why she has come to this point: My mother is a single mom... she is turning 50 this summer... she has about $60k in school loans from the college I attended... she has payments of $500/month ($10k) to my sisters college... she lives on her own in a 2 bedroom apartment... Mother's current 'income statement', Income Essentials (total $3131, 71%, too high, goal $2200) Lifestyle (total $150, low, she should have $500-900 to live her life) Financial (total $1350, 31%) Some observations and suggestions: Even though the $1625 rents seems high, your mom might enjoy her apartment and consider part of her rent ($300) a lifestyle choice (spending money for time), and the higher rent may make sense.  But the rent is high for her income. Your mom should be spending more on food, and budget $200/month. Your mom should be saving money for investments and retirement.  She should be putting 10% into savings ($440), plus any IRA/401K pretax savings. Your sister should be paying for her own college.  She should take her own student loans, so that her mother can save for retirement.  And since she only has $10K left, an alternative would be that you could loan her the money, and she could repay you when she graduates (you have money, as you loaned your mother $8K). You should be repaying the $500/month on the $60K student loan your mother took to help you get through college.  You have benefited from the education, and the increased opportunity the college education has given you.  Now is the time to accept responsibility and pay your debts.  You could at least agree to split the expense with her, and were you paying even $300/month (leaving $200 for her), that would still fix her budget. Your mom should get a car that is paid for and reduce her transportation expenses, until the $350/month debt is resolved.  She should resolve to spend no more than $300/month for a car, and with $100/month for insurance be under 10% for her vehicle. Since your mother lives in the US (NJ) she could avoid the $350/month debt payment though BK.  But since there are other solutions she could exercise to resolve her problems, this is probably not needed. You mom could consider sharing her apartment to share expenses.  Paying $1625 for an apartment for one person seems extravagant.  She might enjoy sharing her apartment with a room-mate. That is about it.  Once her children take responsibility for their lives, your mom will have a manageable budget, and less stress in her life. Mother's revised 'income statement', Income Essentials (total $2721, 62%, high, need to reduce by $500) Lifestyle (total $450, 10%, low) Financial (total $990, 23%) While you and your sister have these changes, Summary of changes: Some rent is lifestyle, reduced car loan by $200, sister pays her college $500, you pay your college $300, mom saves 10% of her income.  Once your sister graduates and starts to repay you for your help with her college, you can take over paying the remainder of your loans, saving your mom an additional $200/month.


Impossible. There is no such thing as a business loan without proper collateral.  There are a couple of exceptions: Friends, and Family members.  But you want to be absolutely 100% sure your business plan can be executed successfully, and that your business plan is awesome.  You don't have a business plan? Then you're just going to be stealing money from your family and friends.


The benefit was to the employees, not necessarily the company. The employees did it because if one of their metrics that they're compensated and tracked on is how many new accounts have they opened (generally implying new customers they have drawn in to Wells Fargo) then just opening fake or 0 balance accounts was an easy way to hit these goals and keep your job.


Like an S&P 500 ETF?  So you're getting in some cash inflow each day, cash outflows each day.  And you have to buy and sell 500 different stocks, at the same time, in order for your total fund assets to match the S&P 500 index proportions, as much as possible.  At any given time, the prices you get from the purchase/sale of stock is probably going to be somewhat different than the theoretical amounts you are supposed to get to match, so it's quite a tangle.  This is my understanding of things.  Some funds are simpler - a Dow 30 fund only has 30 stocks to balance out.  Maybe that's easier, or maybe it's harder because one wonky trade makes a bigger difference?  I'm not sure this is how it really operates.  The closest I've gotten is a team that has submitted products for indexing, and attempted to develop funds from those indexes.  Turns out finding the $25-50 million of initial investments isn't as easy as anyone would think.


Fund performance at NAV (%) for latest quarter, YTD, and average annual total returns for 1, 3, 5, 10 years. P/E ratio (1 yr. forecast), P/B ratio, Beta, Sharpe ratio, Wtd. avg. market cap, fund assets.  I guess I would want to calculate all these things based off of the data that I would be working with. I will assume I am working with daily fund values per share over 10+ years.


Article is 1 paragraph long and does not answer the question in the headline. Just states the fact that Tesla bonds are higher yield.  I was hoping to be able to read speculation as to why bond investor's are valuing them this way.


You should not open a company unless and until you want to continue operating your company for the longer term. If it is only for a year so so, refrain from opening a company. I am an IT contractor and operate through a limited company. Believe me it isn't that difficult to operate through a limited company. If you are afraid of doing your books, get an accountant and he will do it for you. Should not cost you more than a £1000 - 1500 or so. Regarding what you can claim as an expense, it depends on how you can confirm that the expenses you incurred are for the company. Your accountant can help you out on that. If you claim false expenses and are caught, you have to forgo a lot to the HMRC.  Google is the best option, there are loads of sites which can help you on that.


Far and away the most valuable skill in investing, in my opinion, is emotional fortitude.  You need to have the emotional stability and confidence to trust your decision making and research to hold on down days.


"Another approach would be more personalized, which is to measure the risk of missing your goals, rather than measuring the risk of an investment in some abstract sense. Financial planners do this for example with Monte Carlo simulation software (see http://en.wikipedia.org/wiki/Monte_Carlo_method). They would put in a goal such as not running out of money before you die, with assumptions such as the longest you might live and how much you'll withdraw every year. You'd also assume an asset allocation. The Monte Carlo simulation then generates random market movements over the time period, considering historical behavior of your asset allocation, and each run of the simulation would either succeed (you are able to support yourself until death) or fail (you run out of money). The risk measure is the percentage of simulation runs that fail. You can do this to plan saving for retirement in addition to planning withdrawals; then your goal would be to have X amount of money in real after-inflation dollars, perhaps, and success is if you end up with it, and failure is if you don't. The great thing about this risk measure is that it's relevant and personal; ""10% chance of being impoverished at age 85,"" ""20% chance of having to work an extra decade because you don't have enough at 65,"" these kinds of answers. Which is a lot easier to act on than ""the variance is 10"" or ""the beta is 1.5"" - would you rather know your plan has a 90% chance of success, or know that you have a variance of 10? Both numbers are probably just guesses, but at least the ""chance of success"" measure is actionable and relevant. Some tangential thoughts FWIW:"


Yes, it's probably one of the best combinations for the current/future job market. A lot of the finance industry will (eventually) become more technological with areas like algorithmic trading and artificial intelligence, and CS is a good way to position yourself for this. Only if you're interested in it though, otherwise it's kind of pointless.


Since your comment on @JoeTaxpayer's answer says that you are still under the 2012 contribution limits if the extra money is left in your 401k account, I do not think  that there is any problem for you if the money is left in the 401k account. As I understand it, your salary is $X for 2012 of which you contribute some percentage per paycheck to your 401k account. Your contributions  would have totaled $Y for 2012 if the glitch of extra money being out into your 401k account had not occurred. In the absence of the glitch, your W-2 form would have reported $X as gross wages, $(X-Y) as taxable wages and $Y as 401k contributions. Since an additional $z has been put into your 401k account, but not deducted from your paycheck, your employer could do one of two things. The extra money could be withdrawn from your 401k account by your employer. If this is done, then your W-2 form will be as described above. The extra money is not withdrawn by your employer. Your W-2 form will still report $(X-Y) as taxable wages, but $(Y+z) as the 401k contribution and $(X+z) as gross wages. Since $(Y+z) is less than the maximum 2012 contribution, everything is fine. In your position, I would very much prefer the latter alternative over the former, not just because there is a larger contribution to the 401k account with no change in tax liability, but also because there is always the possibility that HR/Payroll will screw up the withdrawal of the excess contribution so that it appears as a premature withdrawal by the participant. In this case,  the participant not only has to pay income tax on $z but also a 10% excise tax for premature withdrawal, without actually  getting even a penny from that $z taken out, which will go right back into the employer's coffers.


An activity which can help improve your credit score and actually make you money is stoozing. It's a little complicated but can be beneficial to do. Using either a credit card which allows fee free money withdrawals from cashpoints or building up debt using your credit card gives you access to your credit amount. You then use a long term 0% balance transfer card to transfer the debt which you pay off at the minimum rate. It's 0% so no costs are associated except for the initial fee paid for the balance transfer amount. The money that would have been used to pay off the credit amount (or money withdrawn from a cashpoint) can then be deposited in a savings account so you are now earning interest on the credit balance. Continuing to make monthly minimum payments via direct debit will help improve your credit rating and the savings money will earn interest. (it is also available if you suddenly need to pay off the 0% card)