Cash is very effective at getting a discount when buying from individuals (craigslist, garage sales, estate sales, flea markets, etc.).   I'll make an offer, then thumb through the cash while they consider it.   There eyes will dart back and forth between my eyes and the cash as they decide whether to take my offer. Car dealers do seem to be very unique.   The dealer I bought at recently said that 70% of their deals were cash purchases, JoeTaxpayer's dealer said 1% were cash purchases.   I've had good luck negotiating with cash for well-loved cars (under $10K) from both individuals or used dealers. I'm also looking for carpet for my house and the first vendor I went to offered at 5% discount if I paid up front (no financing).


The issue is production volume.   No other manufacturer had the foresight to build a gigafactory.   Therefore no other manufacturer can source enough batteries for hundreds of thousands of cars per year.   Tesla will ruler the EV market for years - until legacy makers catch up in terms of battery sources.


"This is totally a scam. I didn't read the whole thing. Didn't need to after I read ""abandoned sum of 22.5 million"" which implied part of it was yours to take after you do something for them.. Logically speaking.. No stranger would disclose this to you."


Since the question asked for options, rather than advice, I’ll offer a few.  And you can ignore the gratuitous advice that may sneak in. There are countries that will happily give you citizenship for a fee.  And others where an investment of far less than your million will get you well on your way.  Having citizenship and a passport from another country can be handy if your current one is or becomes unpopular or unstable. From data at numbeo.com, I estimate that my lifestyle would cost me $3300 (US) in Geneva, Switzerland, and that everywhere else on the planet would be less.  I haven’t been to Geneva, but I have spent only $2500 (average) per month in eleven countries over three years, and could have been comfortable on far less.  $2500/month will go through 1.2 million in only forty years, but if you use it to generate income, and are less wasteful than me, ... With the first few dollars you get, you might take steps to hedge the possibility of not actually getting it all.  Appeals can take a long time, and if the defendant runs out of money or figures out how to hide, the size of the judgment is irrelevant. Believe strongly enough in something to donate money for/to it? I’ll leave the investment options to others.


Doterra oil products in the Doterra shop come from the compounds in flowers and plants, seeds, bark, stems and roots. They do not include fatty lipids or acids like you would find in vegetable or animal oils, instead they are clean and extremely absorbent through the skin.


Assuming here that you're talking about deducting your tuition as a below the line deduction as a business expense or similar, then it depends. Per 1.162-5, if the education: Then it qualifies as a legitimate business expense and is deductible.  If not - if you're going to school for a different career, such as someone employed as a waiter but going to school to get a degree in nursing, or someone employed as a teacher getting a law degree - then it's not; you'd have to qualify under one of the other (simpler, but lesser) credits. Read more on this topic at Tax topic 513. Note that the other most commonly applicable deduction - the above the line Tuition and Fees deduction - expired in 2016 and is not applicable (yet?) in 2017, and further would not require most of what you describe as it only counts tuition and fees paid directly to the institution and required as a condition of attendance, so books, parking, etc. don't count.


I would not go down to zero cash on hand. I would keep $1,000 on hand and pay off most of the credit card balance.  Then I would pay off the last $1,000 on the credit card followed by building my emergency savings back up.


> Which is why you'll essentially never find anybody running less than $10m, and usually more than that.  1) You have to get started somewhere.  2) If you're already trading your own account, why not spend 5k or so to start a hedge fund and earn additional money managing other people's money too?  3) It seems to me you are only looking at normal hedge funds and not considering the thousands of micro sized hedge funds which largely go un-reported on.  Even those do indeed typically start with 500k-5 mil, but to suggest that I can't start one with 100-150k is simply nonsense.  I did, and anyone else can too if they go through the proper paperwork (management LLC, fund LP, memorandum of offering written up, etc), and get the proper NASD licensing.  BTW, now that I think about it more, I think mine was 150k, not 100k.  Never-the-less, it was certainly one of the smallest ever.


"The Amazon one ""Budding Prospects"" has light years more potential then this terrible show. If it was a strain of weed, it was be  call Annoyed Sleeper. I tried to watch, was annoyed and turned it off n went to bed"


"As cryptocurrencies are rather new compared to most assets, there hasn't been a lot of specific guidance for a lot of situation, but in 2014 the IRS announced that it published guidance in Notice 2014-21. I'm not aware of further guidance that has been published beyond that, though it wouldn't surprise me if treatments changed over time. In that notice, the answer to the first question describes the general treatment: For federal tax purposes, virtual currency is treated as property. General tax principles applicable to property transactions apply to transactions using virtual currency. Your specific questions (about what constitutes a ""business"", and when you're considered to be ""selling"" the cryptoproperty) are likely to be considered on a case by case basis by the IRS. As the amounts involved here are so small (relatively speaking), my recommendation would be to read through what the IRS has published carefully, make reasonable assumptions about what scenarios that are described are closest to what you're doing, and document doing so clearly as part of your tax preparations. And when in doubt, erring on the side of whichever option incurs more tax is unlikely to be objected to by them. Of course, I'm not a lawyer or tax advisor, I'm a stranger on the Internet, so for ""real"" advice you should contact somebody qualified. I doubt you'd be faulted too much for not doing so given the amounts involved. You could also attempt contacting a local IRS office or calling them with your specific questions, and they may be able to provide more specific guidance tailored to you, though doing so may not save you from an auditor deciding something differently if they were to examine your return later. There are also phone numbers to contact specific people listed at the end of Notice 2014-21; you could try calling them as well."


There aren't really any viable competitors though. Standard oil also had competitors, but they would do the same undercutting that Amazon does to drive those competitors out. There is eventually going to have to be some federal regulation come down on Amazon if they keep up at this rate.   You mark my words, ye scurvy dogs.


"Marketing; if the hungry man is your target market and your taco product can't reach him because he's unaware of the taco product.  Sales; if the hungry man took one look at you and your taco and ""No, thanks... There's probably something wrong with it.""  or learn to be a better chef if he took a bite and puked. You probably made him hungrier by making him chuke..."


As I see it the two main considerations are:  Total amount of money received, for which the key variable is life expectancy. 41000 * 0.8 = 32800, so at £86 / week she would only be better off with the lump sum if she expected to live for less than ~7.3 years. Obviously none of us have a crystal ball, but you could make some assessment based on her current health, risk factors etc. to see whether that seemed feasible. Also you do have to bear in mind that the value of £86 in 7 years' time will be less than it is now - but I guess the £86 would be inflation adjusted? Her need for income (versus capital). If she takes a lump sum and invests it in a house, that is great but doesn't provide any income at all. If she has sufficient income from other sources (and forecasts this other income to continue until her death) then the lump sum might be more attractive, but if not then she would need to be sure that she wasn't tying up the money unnecessarily. Another option here would be using the lump sum to buy an annuity, and it might be wroth exploring this, but I doubt whether the rates would be good enough to beat the £86 / week she is being offered as an alternative. Another (lesser?) consideration is her future entitlement to state-funded care if needed in her later years. If you have assets above a certain amount you are expected to fund your own care, in which case having an expensive house might actually be more of a liability than a help.


Previously, Google had a delayed update for their stock prices (15 minutes I believe). That change enabled users of Google Finance to see updates to stock prices in real-time.


I would never, ever recommend that to a startup business like what's being discussed here. You're talking about a larger, regional business that's doing at least $200,000 a year in revenue, if not significantly more, for a $15,000 site to be effective. Or an e-commerce store.  But, yeah. Your price is right for that sort of thing.


The billion dollar jackpot is a sunk cost, a loss for prior bettors. If you had $250M and could buy every ticket combination, you'd be betting that not more than 4 other tickets will win on the next drawing. Even if 5 won, you'd have all the second place, third place, etc tickets, and would probably break even at worst.  Forget this extreme case. If I gave you a game where you had a chance to bet $100,000 for a 1 in 9 chance to win a million dollars, would you do it? Clearly, the odds are in your favor, right? But, for this kind of money, you'd probably pass.  There's a point where the market itself seems to reflect a set of probable outcomes and can be reduced to gambling. I've written about using options to do this very thing, yet, even in my writing, I call it gambling. I'm careful not to confuse the two (investing and gambling, that is.)


"The last 300 years of civilization have been amazingly atypical. We have experienced industrial revolution after industrial revolution.  Economic revolutions that would have changed the world in 1000 AD show up as noise.  Coal, Canal, Rail, Trade, Electricity, Refrigeration, Oil, Gas, Nuclear, Assembly Line, Vacuum Tube, Mass Education, Transistor, Integrated Circuit, Nano-tech, Antibiotics, Slaying of absolute Poverty, Democratic, Feminism, Superhighway, Automobile, Airplane, and on and on and on. A cascade of miracles and world-shaking events that have intertwined and together generated a many century long economic singularity that has upended the entire world and generated today's world. The question you should ask, is tomorrow going to be like today?  And the answer is yes; in weather, and in economics, the most likely bet bet is always ""things keep on going like they have in the short term"".  But next week?  Next month?  That is often not much like today. There is reason to believe that the yield on the above revolutions will continue to propel the economy forward, and that there are multiple promising new revolutions on the horizon. But barring that kind of world-shaking revolution, you are not going to maintain a 5% real return on investment over another centuries for the stock market.  The value of investments has to go up by a factor of over 100 in order for that to happen, and the US stock market is already close to 20 trillion dollars. For it to have a market cap of 2 quadrillion dollars the world economy will have to be much larger than it is today.  And to be that much larger, the world would have to be a much stranger place that values very different things. We are currently roughly a K-type 0.72 civilization.  A simple linear expansion of our power of 100x brings us up to K-type 0.92, which is going to cook the planet from waste heat (not from CO2, but just from the waste heat of the energy it uses!) Efficiency can mitigate this, but only to a degree.  100x more efficient technology is going to less believable than a beanstalk and space colonies. If you believe that the stock market is going to continue to grow at 5%/year for the next century, start investing in really out-there technologies.  Gene editing, virtual and augmented reality, space beanstalks and private lift, miraculously cheap energy storage, etc.  Because simply refining the technology of today won't get us there. Modern industrial civilization has been a miracle factory.  That is what pulled off that growth rate.  If the miracles stop coming, so does the growth. There is a road to it.  It would involve clean energy, mass personal automation and friendly (not smarter than human) AI, and the entire world lifted up to the standard of living of the top 3% of the USA on average.  But it is far from guaranteed."


Wal-Mart employees aren't unionized.  I have no issue with private unions, but in this case, there are plenty of people that will do the job for minimum wage. The Wal-Mart employees really just don't have much of a leg to stand on and I'm okay with that.   If they want better pay and better benefits then they should acquire skills that are valued by society.


[Original Source](https://xkcd.com/386/)  [Mobile](https://m.xkcd.com/386/)  **Title:** Duty Calls  **Title-text:** What do you want me to do?  LEAVE?  Then they'll keep being wrong\!  [Comic Explanation](https://www.explainxkcd.com/wiki/index.php/386#Explanation)  **Stats:** This comic has been referenced 4361 times, representing 2.6770% of referenced xkcds.  --- ^[xkcd.com](https://www.xkcd.com) ^| ^[xkcd sub](https://www.reddit.com/r/xkcd/) ^| ^[Problems/Bugs?](https://www.reddit.com/r/xkcd_transcriber/) ^| ^[Statistics](http://xkcdref.info/statistics/) ^| ^[Stop Replying](https://reddit.com/message/compose/?to=xkcd_transcriber&subject=ignore%20me&message=ignore%20me) ^| ^[Delete](https://reddit.com/message/compose/?to=xkcd_transcriber&subject=delete&message=delete%20t1_dk5xtt7)


"This is the best tl;dr I could make, [original](https://www.reuters.com/article/us-usa-policy-development/u-s-is-a-danger-to-the-world-warns-top-economist-idUSKCN1C41XD) reduced by 81%. (I'm a bot) ***** > BARCELONA - A global push to end poverty and hunger, and combat climate change by 2030 is at risk from American &quot;Militarism&quot;, powerful business interests and the actions of President Donald Trump, said leading U.S. economist and U.N. special adviser Jeffrey Sachs.  > &quot;More and more I see that while the kind of technical solutions I work on are very important ... the real obstacles that we are fighting every day are the political obstacles, the headwinds of powerful interests, bad ways of doing things,&quot; he added.  > Sachs, who has helped some 100 countries shape their policies, said he had expected to focus on international development issues &quot;Because the U.S. would more or less take care of itself&quot; - but that no longer applies to his home nation.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/73l97c/us_is_a_danger_to_the_world_warns_top_economist/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~219995 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*: **U.S.**^#1 **Sachs**^#2 **More**^#3 **United**^#4 **going**^#5"


This is exactly how I started, starting a simulation account on the CBOE website just to see what situation was profitable because it was all greek to me. Actually after learning the greeks, I realize that site was worse and eventually read some books and got better tools. The screenshot you have is telling you the strikes, but unfortunately they are showing you the technical name of the contract on the exchanges. For example, just like you type in AAPL to buy shares of AAPL stock, you can type in VIX1616K16E to get that one particular contract, expiration and strike. So lets break it down just by inferring, because this is what I just did with that picture: You know the current price of VIX, $17.06 Calls expiring November 16th, 2016:  What is changing? SYMBOL / YEAR / EXPIRATION DAY / STRIKE / OPTION-STYLE (?) So knowing that in the money options will be more expensive, and near the money options will be slightly cheaper, and out the money will be even cheaper, you can see what is going on, per expiration.


Minneapolis,  St Louis. .....I would agree that Taco Bell is better than Qdoba. ....but that's because health wise it is worse than Qdoba.....Qdoba is good if you find one with a great manager that knows you have to change out the trays often. They are the original ones as far as queso goes.....last time I ate there they had this great bacon queso that was so good...but you have to be very high on weed to enjoy any of these fake mexican restaurants. When I'm sober, I can only stomach real mexican.


Stop with all the stupid big words. You sound really pretentious. Just learn your 3 statements from accounting coach and learn statement analysis from streetofwalls.  If you're interested into valuation, streetofwalls is a good primer for DCF/public comps/M&A comps/scenario analysis (LBO), but if you want to literally build out the model, Joshua Rosenbaum's investment banking valuation book is great. Everyone in banking I know used it to learn valuation


"There are no risk-free high-liquidity instruments that pay a significant amount of interest.  There are some money-market accounts around that pay 1%-2%, but they often have minimum balance or transaction limits.   Even if you could get 3%, on a $4K balance that would be $120 per year, or $10 per month.  You can do much better than that by just going to $tarbucks two less times per month (or whatever you can cut from your expenses) and putting that into the savings account. Or work a few extra hours and increase your income. I appreciate the desire to ""maximize"" the return on your money, but in reality increasing income and reducing expenses have a much greater impact until you build up significant savings and are able to absorb more risk.  Emergency funds should be highly liquid and risk-free, so traditional investments aren't appropriate vehicles for them."


I know I can not trade futures realistically (I never claimed I could). All I wanted was some exposure to commodities.  If I could just trade many of these things in an ETF like GLD or XLV, I would have done that.   On the topic of margin, I appreciate your explaining that to me. I admit readily that I could never invest in futures straight, but I would like to get into commodities and other types of investments. I have tried to look for value in the market, but I have not found many things I would put my money in. I have gone as far as to look through OTC ADRs to find some foreign value, and I found nothing. I just want to be able to trade in any market, and I would consider shorting, but I don't like to be too risky. I want to go long on positions, and it seemed like commodities may be a good speculation to LOOK INTO. Taking rough rice as an example, there are millions (if not billions) of people who eat rice to survive. People will always need oil to fuel their cars. People will always need electricity. So I guess what I am trying to do is look into things that allow me to profit, regardless of where equities are going. The only thing I want to do is trade the options of the futures, not the actual futures themselves. I hope I did not confuse you. If I can earn even $20 from buying an option at a lower price and selling higher, it would allow me to have a greater breadth of tools to use when the market may be overvalued.


"The \^ symbol means exponentiation.   You're multiplying by 216 instead.  So rephrasing that in Excel functions (without just using ""=FV(0.004308,216,-175)""), you'd have ""=((POWER(1.004308,216)-1)/0.004308)*175"".  Note that I originally mentioned the difference between .004308 and 0.0517/12 because it makes roughly a $2.56 difference in the answer."


"This is the best tl;dr I could make, [original](https://www.nytimes.com/2017/09/30/business/energy-environment/coal-alternative-energy-jobs.html) reduced by 87%. (I'm a bot) ***** > Still, the Goldwind technicians say working so high up is one of the job&#039;s best features.  > In front of the trailer, Chancey Coffelt, 33, Goldwind&#039;s regional safety manager, was showing the climbing group how to put on harnesses - a network of heavy metal clips and rings attached to straps that thread over the shoulders, across the chest and around each thigh.  > As with the other men, Mr. Morgan&#039;s work experience made him an attractive candidate for Goldwind.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/73j7mx/whats_up_in_coal_country_alternativeenergy_jobs/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~219848 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*: **Goldwind**^#1 **work**^#2 **wind**^#3 **climb**^#4 **safety**^#5"


"[Wrong](http://www.cnbc.com/id/44516166/Are_Hedge_Fund_Fees_Justified)  ""hedge fund managers were asked to justify their standard two percent management, and twenty percent performance fees."" 9/14/2011  [Wrong #2](http://www.bloomberg.com/news/2011-09-07/wealthy-investors-keep-paying-hedge-fund-fees-even-with-anemic-returns.html) 9/6/2011  ""Wealthy investors who put money in hedge funds face high fees, usually a 2 percent management fee and a 20 percent performance fee"""


Why Stocks go up and Down by William H Pike is a great source if you are looking to interpret statements for stock analysis. This book really starts from the beginning and clearly explains with a running example of a fake company.


Hi everyone, i am Chloe Raymond am so glade coming back to this great forum to testify about the help i received from Chester Brian. I was in desperate need of a loan in other to be free from debt and financial bondage that was place on me by my ex husband. It was really bad that i have to seek for help from Friends,family and even my bank but on one could assist me because my credit score was really bad. So i was browsing with my computer and saw some testimonies from people Chester Brian assisted with a loan, then i decided to contact him on his email brianloancompany@yahoo.com, then i received a mail from them and i did all that was asked from me. To my greatest surprise they transferred to my account the loan i requested and now i am so happy  clearing my debt and have also started a business with the remaining amount to take care of myself and family. If you need a loan do contact the best loan lender of all time Chester Brian on his email: BRIANLOANCOMPANY@YAHOO.COM or Call/Text +1(803) 373-2162


"Certain phrases are blacklisted, I am not 100% about tithing but it might be they don't want any flak about people claiming that Wells Fargo is the one tithing (with a religious connotation) Either that or a super conservative ban on ""tit"", but I would guess the former more likely."


> Soooo those bombings and stabbings happening on a daily basis are irrational fear because it didn't happen to you right?  Those bombings and stabbings are an irrational fear because it is incredibly improbable.  The Grenfell fire alone will likely kill more people than terrorism in the UK for the past 20 years combined, (79 dead and climbing vs 89 deaths to terror since 2000).  Terrorism is a more complex problem than a demagogue shouting BAN ALL MUSLIMS! If that's not utilizing fear, I don't know what is (especially since white terror attacks are conveniently ignored by Trump).


"I'm sure this was just one of the first steps. Let's be honest, many times Finance guys aren't exactly the best speakers, and who is right out of college?   I'm certain there was a part of the interview that required him to use his ""unmatched technicals skills"" that came from an Intro course. Maybe this is where he shined.   Either that, or Goldman saw the opportunity to mold this motivated young man into whatever they needed."


If it's always the same person, you could open a joint account.  Then fees are avoided altogether.  How fast the funds are available depends on what you deposit.  Cash is immediate.


Delta hedging is not the same as being delta neutral, what you just described is being delta neutral. There exist reasons for a retail trader to be conscious of delta when choosing an option.


That all depends.  When you fire someone, did you actually make the department operate more efficiently, is the department just increasing their backlog of work/delivering worse service, are they having to authorize more overtime hours for the remaining employees, or are they hiring contract labor to make up the difference?  Are you going to have to pay out severance packages or defend wrongful termination lawsuits?  Generally, unless the layoffs are done via a long and slow workforce reduction process, the savings can't be booked in any sort of a meaningful manner.


"> I don't get why our free market economy relies on constant and continuous growth in producing goods/services. Doesn't this contradict the entire point of economics in that there are scarce resources ?  Hmm, it's a good question.  I think my answer would be that economics doesn't require continuous growth, politics does.  Ideas that politicians sell us like ""pull yourself up by your bootstraps"", social security, and supply-side economics need continuous growth to work."


Quick, move to the state where the ticket was bought.  Set up a resident and then claim the prize.  Then, move back home, if you want. IMO But both states will still try to make a claim for the tax money, if you give them a reason to try.   They have nothing else to do, but look for revenue.


"If you're referring to times when they pay nothing (or receive a refund) at the end of the year, it's because they're paying taxes throughout the year. At the end of the year, the accountants find that they paid exactly what they needed to (or more), so they don't have to pay anything (or get money back) on their yearly forms.  I don't think there's a US corporation paying ""almost zero tax"" in the US."


I don't need to believe Trump to know that it is true.  How many missile defense systems does Europe currently operate within Europe?  How many European countries have US military bases?    Of course, the US isn't doing this out of the kindness of our hearts.  We have something to gain from it as well.  My overall point was to put into perspective that Europe's strong social safety net is not all the result of European values.  It's also a luxury that comes from not having to spend a ton of money on it's own defense.


I'd start by doing a ton of research, talking to anyone you know who's in the business, making a business plan, hiring someone to consult on said plan and make sure it's feasible and potentially taking on a partner to help you with the logistics. Tons of entrepreneurs have created successful businesses without any sort of prior knowledge, but they worked their butts off in order to get it started.


Self employment is. Freelancing is the same thing as owning a shop on mainstreet.  Many small businesses are operated by a single person.  It occurs to me now there are probably people who differentiate between business ownership and freelancing because they want to diminish the achievements of freelancers. Those people are wrong and should be looked out for.  What are your motives? /u/spitinthecola


Using a virtual credit card doesn't stop them from reporting it.  Virtual credit cards are about avoiding fraud, not about avoiding responsibility for money you owe.


Have you decided to own a boat? Congratulations, you are making a steady step toward the accomplishment of your dreams.  Now you can take your boat and ride on the top wave of the ocean, no more daydreaming about having a boat to get fun in the life.


Many things I buy from Amazon I could get cheaper from Walmart but I pay more from Amazon just so I don't have to go to Walmart. It isn't the company itself that keeps me away, its the people that frequent the establishment and the lines.  Funny you should mention the locker. I remember when they first started rolling this out and until just now, I had no idea I actually have 2 in my area.


I generally agree with the sentiment in many other answers that $27K is more I would personally spend on a car if I were in your position. Having said that, the following assumes you are already intent on buying that car.  Even if you change your mind, I think the general ideas still apply.


It's awful. Avoid it at all costs, because [they have proven to be insecure.](http://www.zdnet.com/article/000webhost-hacked-13-million-customers-exposed/)   They were saving passwords in plain text for crying out loud. If a company with millions of customers doesn't even take the step of safely storing customer data, I wouldn't trust them with anything regardless of what they promised after the breach.


I'm suddenly excited that I still remember my six digit number.   Bad news: password is long forgotten after AIM became the thing. Email to recover it is in another long forgotten AOL email with password that requires a call to AOL to reset.   I think the dream is dead.


Sorry to call you out on this, but your numbers are definitely off. If someone takes you seriously you'll be misleading them and I'd like to avoid that. Maybe you had this conversation with your friends many years ago when salaries were lower?  The big consulting firms all have set base salary and signing bonus for all entry level positions in the US. Everyone in the starting class out of undergrand has the same starting salary (across all geographic regions). Depending on the firm and your performance, you then receive a year end bonus (or no bonus at all). For MBB, you can expect close to a 6 figure salary in your first year. With an MBA, you're closer to $200k with bonus.  Source: I work for a top consulting firm, but here are some hard figures: http://managementconsulted.com/consulting-jobs/2012-management-consulting-salaries-undergraduate-post-mba/#


"> He's a marketer & speaker -- he learns just enough of the buzzwords & jargon to make it SOUND as if he knows what is going on... but -- like many other similar people -- he really doesn't have a frigging clue.  I think you would need to know the man pretty well before you could make that judgement. A lot of people that knew him better than you do seem to have reached a different conclusion.  ""Understanding technology"" really isn't that a high a bar. It doesn't take much to get there.  > Sony was working on ""color TV's"" yes... but not anything related to what became the ""Trinitron"" -- that history is well documented (both in the patents that they licensed, and the people/teams & subsequent patents that they filed, as well as in various narrative histories from the people involved).  Sony, along with everyone else, was working on different colour TV displays pretty much since the late 1940's. Sure, the final Trinitron design wasn't in place until the late 60's, but even Sculley with all his exaggerations doesn't describe his design or the patent that was issued just before he applied as the final Trinitron design, but rather a predecessor.  > Jobs was bullshitter -- a very charismatic one no doubt -- but a bullshitter nonetheless.  Sure, but he definitely understood the application of technology.  > ROTFLMAO... Riiiight... that's why he promotes himself as a ""technology visionary"" speaker:  >>In the Age of Smartphones, Smart Pads and Smart TVs, John Sculley is the Quintessential Smart Entrepreneur - A Compelling Public Speaker on Innovation in Global Business and Technology  That's someone else describing him, and at best that person is describing him as someone who really knows innovation (which is NOT the same as technology). Honestly, the first part (I'm trying to imagine how he could be the quintessential of *any* kind of entrepreneur) is more off than the last part (which you could even imagine applying to a historian/anthropologist who had studied innovation in business & tech)."


The ETF supply management policy is arcane.  ETFs are not allowed to directly arbitrage their holdings against the market.  Other firms must handle redemptions & deposits.  This makes ETFs slightly costlier than the assets held. For ETFs with liquid holdings, its price will rarely vary relative to the holdings, slippage of the ETF's holdings management notwithstanding.  This is because the firms responsible for depositing & redeeming will arbitrage their equivalent holdings of the ETF assets' prices with the ETF price. For ETFs with illiquid holdings, such as emerging markets, the ETF can vary between trades of the holdings.  This will present sometimes large variations between the last price of the ETF vs the last prices of its holdings. If an ETF is shunned, its supply of holdings will simply drop and vice versa.


Scanning receipts is easy and any decent scanner will do a good job for you. The difficult part is the software that 'extracts' the data. Today there is no software that can do this really well because there is just too great a range of receipts (e.g. handwritten receipts, receipts in foreign languages, etc.). For this reason services like Shoeboxed (in the US) and Receipt Bank (in Europe) are very popular. (Added disclosure: Michael Wood's profile web site link indicates he is associated with Receipt Bank.)


Interest rates will be 0% and somehow the economy will magically pick up!        That's seriously the plan. I think there will be class revolts as the status quo continues with continued fairly heavy inflation in food. The U.S. media will pretend it has something to do with people wanting freedom from tyranny or whatever.        edit: My point is all economies are eventually doomed under the current system.


The problem you'll have is that premium income is a vague term so you have to figure out what they mean by a) premium and b) income. Gross or net of reinsurance and acquisition  costs? Written or earned basis?  Combined ratios are also a pig, very commonly they are loss ratio + expense ratio --- but of course loss ratio is losses incurred / premium earned while expense ratio is expenses paid / premium written so it's a self-inconsistent measure. And then there's investment income, and then there's reserve releases...


Water is de meest waardevolle stof die op onze aarde aanwezig is. Aangezien ons lichaam uit 70% water bestaat, kan een kleine tekort aan ernstige gezondheidsproblemen voor ons leiden. Daarom is het heel belangrijk dat we fris en schoon water drinken.


What is cheap? A stock may fall from $20 per share to $10 per share, but it may have gone from making a $100M profit last year to a $100M loss this year. So now at $10 per share it may still be considered expensive. You need to be very careful when to consider that a stock is cheap or not, you'll have to look at more than just the share price.


Why are we talking about coal miners like they are little children? Clean energy jobs exist and are growing, coal is on the way out. If they want a job in clean energy they can get up and get one. If they want to pine about the good old days of coal where a high school drop-out could make good money for life in the mines, well, they can do that too.


Facebook is non dividend paying. It's up over 300%. Berkshire is non dividend paying.  The only thing it's stopping is that stock from gaining 10% more because more stock isn't being bought with those sweet sweet payments. And that stock price doesn't create jobs, and neither did lowering taxes on stocks. You know what creates jobs? That money being taxed and put back into the economy.


Depends very much on where you live. Seasonal credits dovetail nicely with hydro generation, which usually peaks in winter and fades in summer, so solar net metering helps fill a gap that would otherwise be fossil fueled. Nevertheless, utilities in hydropowered conservative states like Arizona and Idaho have succeeded in hobbling grid-tied solar by blocking state mandates on credits for seasonal surpluses.


The fact that something is a choice doesn't mean that it is insane and terrible for someone to choose the less healthy option. Processed foods are easier to find and cheaper to purchase. Some people have jobs that force them into patterns of behavior that are unhealthy. Judging every single person who makes a poor choice to be an entitled piece of shit, as you did in another post, is not reasonable or fair.


A routing number and account number are on the bottom of every check. If anybody who ever handled your checks or even saw your checks could just withdraw as much money as they wanted, the whole banking system would need to be reworked. In short, just having that info is not enough. Not legally.


In total: http://www.epa.gov/climatechange/images/ghgemissions/GlobalGHGEmissionsByCountry.png  Per capita: http://www.google.ca/imgres?imgurl=http%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2F4%2F4b%2FCO2_per_capita_per_country.png&imgrefurl=http%3A%2F%2Fen.wikipedia.org%2Fwiki%2FEnergy_policy_of_China&h=370&w=800&tbnid=BTPRW3LfUmv13M%3A&zoom=1&docid=dNtuofJYkSl4CM&ei=xIjiU-OIOsyHyAS_vILgCA&tbm=isch&ved=0CCgQMygLMAs&iact=rc&uact=3&dur=4685&page=1&start=0&ndsp=12  If you ask me per-capita is a better representation. The average north american fridge uses the same amount of energy in a year as 10 Ethiopians. Poor people face the decision of burning fossil fuels or dieing. We mainly do it much more liberally.


"This is the best tl;dr I could make, [original](https://www.fool.com/investing/2017/09/17/why-china-is-crushing-the-us-in-solar-energy.aspx) reduced by 85%. (I'm a bot) ***** > By any objective measure, China is crushing the U.S. in the business of solar energy.  > Canadian Solar, JinkoSolar, JA Solar, and Hanwha Q-Cells are among the largest solar module suppliers in the world and are publicly traded in the U.S. Trina Solar, LONGi, and GCL-Poly are also major manufacturers with operations in China, but they&#039;re private or not traded in the U.S. The public companies give an illustration of how they fund expansion.  > China has made the solar industry a priority and is giving government support to develop manufacturing and push for solar power plant installations.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/70u3x3/why_china_is_crushing_the_us_in_solar_energy/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~211963 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*: **solar**^#1 **China**^#2 **U.S.**^#3 **plant**^#4 **manufacturing**^#5"


"For 8 years the Left shouted, ""Bush's fault!""  Before he was even president, when he was just President-Elect we already saw, ""Trump's fault!"".  But when the economy is strengthening it's ""Obama's fiscal year."".  Dear Lord, you should be in the Olympics with the skill of mental gymnastics you must do everyday in order to maintain your Idenity Politics narrative. Lol"


Well, that's a loaded question.  You're assuming the goals that QE is attempting to accomplish are desirable.  I advocate the abolition of central banking.  I believe it causes more problems that it solves.  Booms and busts have actually happened more frequently after the creation of the Fed (in the US).  The QE scheme is designed to keep the central banking model afloat at the expense of the 99%.  I don't believe there needs to be an alternative, because I don't believe this type of manipulation should ever be done.  It invites obvious corruption, pushes legitimate problems down the road and creates an even bigger problem for future generations to deal with.


I am quite aware that corruption goes beyond cash.  I was merely pointing out that most tax incentives are not a literal, real-time transfer of money from the tax payers to the corporations.    I have had quite a few discussions with people about this and some folks think that their tax dollars are literally being transferred form their paycheck withholdings to a company's bank account and that is not exactly true.  It sounds like you understand the difference but some do not.


No one at my firm uses python, but we have both long-term algo-managed portfolios as well as very successful day trading strategies. I've worked a bit with both, so if you have any questions I'd be happy to try and answer them and if I can't I'll ask at work next week.


CS grad here currently getting my MBA. seriously don't do CS unless you love, and I mean LOVE programming. I did it and realized junior year that I hated it and was miserable. I stayed another year and got a minor in business which landed me a job in consulting. CS is hard man. Really, really hard and you get total shit interaction with people. If you have other questions I'd love to answer. On mobile now so I can't go into super detail.


The hair specialist offers the wide range of the Hair braiding and weaving styles and it is suitable for all ages. Search the online most popular salons that give you a better opportunity for fashionable African hair style. We have a large menu of the African style in braiding hair.  We have a good team that's expert for the hair braiding Bremerton.  African hair style is one of the most fashion. That man and girls like this fashion and also beautiful fashion. Hair braiding is challenging and fun to enjoy for some amount of time among friends. Hair braiding is fun; however, it does have some of the advantages and disadvantages based on the braiding you are going to choose.


Removing ss and Medicaid which is paid for already but borrowed from at the federal level, no there isn't 1tn in social spending. And the deficit is 440b? Pretty sure it's topping 600 right now. And yeah our Fortune 500 make 1tn after taxes.


Is this really an issue? There are already 3rd party places that will fix iPhones and such. It will void a warranty of course, but if it's under warranty, you'd want to likely go to the Apple stores anyway, no? And for other items, it is just not feasible to repair anyway.


Applebees is another word for shit IMO. It's demise is long overdue. My last visit was a few years ago to a Florida location and my meal wasn't bad, but no one wants to pay Applebees prices for unhealthy, GMO, high fat and sodium food that is unoriginal. You can go to a fast casual place or a local restaurant and pay less for a much better meal.


">Average hours per worker has increased versus 30-40 years ago. That and better technology means we are more productive than ever. Production is great. Maybe it's too great?  You really don't see the problem with this? More and more Americans (and other countries) are struggling and forced to work extra hours, if not two or three jobs, just to get by. The productivity and GPD (and cost of living) of the average worker has increased by an ENORMOUS amount, ***SO WHY HAVEN'T THEIR WAGES?!***  >If you slowed production, maybe you could prevent wealth from collecting in a few hands so quickly?  >Wouldn't that be a ""weaker economy"" rather than a ""stronger economy""?  No one's arguing that. Straw man. What people really want to see is policy reform to give labour better compensation.  >Here's the crux of your problem. America got incredibly wealthy from WW2. This is why 30-40 years ago, there was a rich middle class that was stronger than it is today. This was not ""the economy's"" success. This was luck (or strategy, depending upon how much government planned it out).  So where'd that wealth go? It just fucking disappeared, right? And the economy shrank? Fuck no. US GPD is [at ***record highs***](http://www.multpl.com/us-gdp-inflation-adjusted/table), but [***the compensation for labour has stagnated during those 30 years of prosperity.***](http://www.data360.org/dsg.aspx?Data_Set_Group_Id=773)"


"Europe was more advanced technologically, which was probably the main reason, if we want to go into reasons why that was so, we could really go down a rabbit hole on this one.  To be fair, they did try with the caliphates, granted that was not ""Africa"", but it was the ""closer"" portions of Africa with Spain and even France being invaded, and same goes for central/eastern Europe. the Ottomans were in Eastern Europe all the way until WWI, and I guess still technically occupy the Istanbul area. Isn't Albania also majority muslim? Also didn't the Kosovo conflict start as a Muslim genocide (I have no idea, just watched behind enemy lines, which is probably a reallllly crappy source of historical facts)"


Find out why it's doing the way it is before getting yourself into it. Two brothers I worked for a few years ago got talked by family into buying an alley in a similar situation. They took out around a million dollars in collateralized loans to try and rehabilitate the place, but it just never took off and the brothers almost lost everything they owned. They were in legal battles for years, and their main business suffered as a result.


But in the USA, you pay more for a better education. In Israel, the top schools cost the least because they are public.  The scholarship system.is basically charity to make up the difference that the government should be making up. It's similar to other conservative schemes in that way where the government doesn't provide for social needs and instead the masses rely on charity. Like with healthcare.


"You seem to be treating your Roth IRA as a sort of savings account for use in emergency situations.  I would use a savings account for savings as withdrawing money from an IRA will have penalties under various circumstances (more than contributions, Roth IRA less than 5 years old, more than $10k for a down payment). Also, you mention folding your IRA into your 401k so that it will ""grow faster"".  However, this will not have that effect.  Imagine you have $30k in an IRA and $100k in a 401k and you are averaging a return of 8% / year on each.  This will be identical to having a single 401k with $130k and an 8% / year return. This is not one of your questions, but employer matches are not counted in the 401k contribution limit.  If your 22% calculation of your salary includes the match to reach the max contribution, you can still contribute more."


> it seems like they pretty much sit in offices and crunch numbers, mostly figuring out how to structure deals, and whatnot.  That's mainly true for VP below. Investment decisions are made by more senior people that sit on investment committees. Not all PE firms focus on operational improvements but some hire industry experts (e.g. former CEOs) and then help smaller firms with their expertise but also access to cheaper financing. E.g. sometimes PE firms would buy some small firms and create a big company out of them.


I would lean towards taking the lump-sum too if that were my situation. However, the value of the sum offered is likely lower than the value of the pension plan would have paid out - otherwise how would it be any advantage to offer it?  So, uncertainty about receiving the benefits is reduced, but you're still likely taking a loss vs what was promised. It's better then the pension plan going completely insolvent and paying nothing, but no reason for celebration either.


The collapse is truly stunning, and was completely avoidable. The executives drove that company into the ground, completely ignoring the iPhone when it came out. They were full of hubris. They were the kings of Wall Street, they could do no wrong and wasted cash like you wouldn't believe. Meanwhile, inside the company, there was no communication, no vision and no execution. Sad, really.


There is no perfect age. Factors that I consider important are, Perfect age for the long term care insurance is after you retire. When you are working, you do have insurance provided by your employer.  It also depends on your assets. If you have assets in excess of $250,000 then you will less likely get any government assistance.  In general, age between 60 and 65 would be perfect for the long term care insurance.


"Disclaimer: I am a law student, not a lawyer, and don't claim to have a legal opinion one way or another. My answer is intended to provide a few potentially relevant examples from case law in order to make the point that you should be cautious (and seek proper advice if you think that caution is warranted). Nor am I claiming that the facts in these cases are the same as yours; merely that they highlight the flexible approach that the courts take in such cases, and the fact that this area of law is complicated. I don't think it is sensible to just assume that there is no way that your girlfriend could acquire property rights as a rent paying tenant if arranged on an informal basis with no evidence of the intention of the arrangement. One of the answers mentions a bill which is intended to give non-married partners more rights than they have presently. But the existence of that bill doesn't prove the absence of any existing law, it merely suggests a possible legal position that might exist in the future. A worst-case assumption should also be made here, since you're considering the possibility of what can go wrong. So let's say for the sake of the argument that you have a horrible break up and your girlfriend is willing to be dishonest about what the intentions were regarding the flat (e.g. will claim that she understood the arrangement to be that she would acquire ownership rights in exchange for paying two thirds of the monthly mortgage repayment). Grant v Edwards [1986] Ch 638 - Defendant had property in the name of himself and his brother. Claimant paid nothing towards the purchase price or towards mortgage payments, but paid various outgoings and expenses. The court found a constructive trust in favor of the claimant, who received a 50% beneficial interest in the property. Abbot v Abbot [2007] UKPC 53, [2008] 1 FLR 1451 - Defendant's mother gifted land to a couple with the intention that it be used as a matrimonial home. However it was only put into the defendant's name. The mortgage was paid from a joint account. The claimant was awarded a 50% share. Thompson v Hurst [2012] EWCA Civ 1752, [2014] 1 FLR 238 - Defendant was a council tenant. Later, she formed a relationship with the claimant. They subsequently decided to buy the house from the council, but it was done in the defendant's name. The defendant had paid all the rent while a tenant, and all the mortgage payments while an owner, as well as all utility bills. The claimant sometimes contributed towards the council tax and varying amounts towards general household expenses (housekeeping, children, etc.). During some periods he paid nothing at all, and at other times he did work around the house. Claimant awarded 10% ownership. Aspden v Elvy [2012] EWHC 1387 (Ch), [2012] 2 FCR 435 - The defendant purchased a property in her sole name 10 years after the couple had separated. The claimant helped her convert the property into a house. He did much of the manual work himself, lent his machinery, and contributed financially to the costs. He was awarded a 25% share. Leeds Building Society v York [2015] EWCA Civ 72, [2015] HLR 26 (p 532) - Miss York and Mr York had a dysfunctional and abusive relationship and lived together from 1976 until his death in 2009. In 1983 Mr York bought a house with a mortgage. He paid the monthly mortgage repayments and other outgoings. At varous times Miss York contributed her earnings towards household expenses, but the judge held that this did ""not amount to much"" over the 33 year period, albeit it had helped Mr York being able to afford the purchase in the first place. She also cooked all the family meals and cared for the daughter. She was awarded a 25% share. Conclusion: Don't make assumptions, consider posting a question on https://law.stackexchange.com/ , consider legal advice, and consider having a formal contract in place which states the exact intentions of the parties. It is a general principle of these kinds of cases that the parties need to have intended for the person lacking legal title to acquire a beneficial interest, and proof to the contrary should make such a claim likely to fail.  Alternatively, decide that the risk is low and that it's not worth worrying about. But make a considered decision either way."


I'm no financial advisor, but I do have student loans and I do choose to pay them off as slowly as I can. I will explain my reasoning for doing so. (FWIW, these are all things that pertain to government student loans in the US, not necessarily private student loans, and not necessarily student loans from other countries) So that's my reasoning. $55 per month for the rest of my life adds up to a large amount of money over the course of my life, but the impact month-to-month is essentially nonexistent. That combined with the low interest and the super-low-pressure-sales-tactics means I just literally don't have any incentive to ever pay it all off. Like I said before, I'm just a guy who has student loans, and not even one who is particularly good with money, but as someone who does choose not to pay off my student loans any faster than I have to, this is why.


http://www.fdic.gov/deposit/deposits/index.html  FDIC currently insures up to $250,000.  (I would have put that as a comment to Jeffery but it says it was locked.) You don't want to put all your eggs in one basket.  If you shop around, and keep shopping all the time you can keep your accounts in a single place so long as that single place provides the best deal.  Don't have any loyalty to your banking institutions because they don't have any loyalty to you. Also, having lots of accounts means you are familiar with lots of institutions, so you are likely better at shopping around. Things I consider. For fewer institutions: For more institutions:


Looking at VAR for managing your risk is like looking at an abacus for your calculating needs - technically seems like its up for the job but totally useless in practice.    VAR is only useful in the context of allocating risk limits and MS is sending a message here that they're in the market for increasing their risk-taking.


"In all honesty, the path she described is just preference and relative to what ""get money"" means.  She made the comment she was a state school grad.  So lets look at her ""Fuck prestige, get money."" mentality.  * The big money in asset management and research is at the top hedgefunds (Two Sigma, Medallion/Renny, Fortress, Blackrock, Paulson, Soros Quantum, etc).    * These firms hire will only hire from tier 1 school grads or from those grads who have networked and proven experience background from a major player.    * Working for an unknown (relative to firms on the street) asset management or mutual fund firm will go completely ignored when they take applicants into consideration.  They hire based on background experience that is in proximity to the street and market making.  Bottom line is that to make the big money (aka analyst/asset mgr/trader @ top hedge fund) for non-tier 1 grads... it requires putting in your time making less starting out to prove your performance at a household name on the street."


First, don't borrow any more money.  You're probably bankrupt right now at that income level.  2k/month is poverty level income, especially in some of the higher cost of living areas of California.  At $2k per month of income, and $1300 of rent and utilities, you've only got 700 a month for food.  The student loans are probably in deferment while your husband is in school.  If so, keep them that way and deal with them when he lands a career track goal after grad school.   The car loan is more than you can afford.  Seriously consider selling the car to get rid of the note.  Then use the cash flow that was going to the car loan to pay off the 'other' debt.  A car is usually a luxury, but if it is necessary, be sure it is one that doesn't include a loan.   Budget all of your income (consider using YNAB or something like it).  Include a budget item to build an emergency fund.  Live within your means and look for ways to supplement your income.  With three of your own, you'd probably make an excellent baby sitter. As for the inheritance, find a low risk, liquid investment, such as 12 month CDs or savings bonds.  Something that you can liquidate without penalty if an emergency arises.  Save the money for if you get into a situation where there is no other way out.  Hopefully you can have your emergency fund built up so that you don't need to draw on the inheritance.   Set a date, grad school + landing + 90 days.  If you reach that date and haven't had to use the inheritance, and you have a good emergency fund, put the inheritance in a retirement fund and forget about it. Why retirement fund and not a college fund for the kids?  The best gift you can give them is to remain financially independent throughout your life.  If you get to the point where you are fully funding your tax advantaged retirement savings, and you are ready to start wealth-building, that is the time to take part of that cash flow and set it aside for college funds.


> That's just poor leadership. If I don't win, I'm just taking my ball home so no one can play.  What are you talking about? It's completely feasible that a business could be successful (or at least stable) under an *X*% tax rate, but would be unable to stay afloat with an *X*+5% tax rate. (Note: I'm not saying that the boss is accurate about his policy predictions, but if he is, there's nothing unreasonable about this.)


No. Share are equity in companies that usually have revenue streams and/or potential for creating them. That revenue can be used to pay out dividends to the shareholders or to grow the company and increase its value. Most companies get their revenue from their customers, and customers rarely give their money to a company without getting some good or service in exchange.


diamonds are intrinsically worthless -- and therefore have quite little resale value It may be true that De Beers has a near monopoly on diamond supply, but they are still a scarce resource, so their supply is still very limited.  They do have resale value - that's one reason why diamond jewelry is stolen so often. There's just not a huge secondary market for diamonds that I know of (unlike cars, for example).  You can sell diamond jewelry at pawn shops or online brokers, but you probably only get a fraction of their retail value. They are not intrinsically worthless.  They do have value in the industrial sector as powerful cutters, although synthetic diamonds are much more prevalent in this market.  Their value in industry is much lower than their worth as jewelry. Think about gold - it does not have a monopolic supplier but it still has a relatively very high value.


Wow, I don't believe it for a second, the admins are allergic to making money.  This is right up there with Instagram being a billion dollar company...some people are smoking some good shit.  These parts are relevant, the rest is wild speculation, Advance Publications might be trying to drum up some buyers for a sell. > By FORBES’ estimate Reddit is a paragon of thrift, spending just $7 million a year to support a 22-person payroll and 75 servers rented from Amazon’s cloud.  > Value Reddit strictly on the basis of its skimpy current revenue and its inability so far to turn a profit, and the site probably falls short of even $50 million. Digg ended up being sold in pieces for a reported total of $16 million.  Cost $7 mil a year to run, doesn't turn a profit, in an industry where new competition pops up daily...sounds like a winner to me.


Why not take the boycott directly to the companies that host their sites through GoDaddy? I use a Murdoch blocker in my browser to block all sites owned by Rupert Murdoch. I imagine something like this could be put together to block sites hosted by GoDaddy. A sudden sharp drop in traffic might help some companies to see the light. I'd even paypal five bucks to anyone who made this happen.


My grandmother passed away earlier this year. When I got my car 3 years ago, I did not have good enough credit to do it on my own or have her as a co-signer. We had arranged so that my grandmother was buying the car and I was co-signing.  A similar situation was happening and I went to my bank and took out a re-finance loan prior to her passing. I explained to them that my grandmother was sick and on her death bed. They never once requested a power of attorney or required her signature. I am now the sole owner of the vehicle.


I don't think they have expressed their ideas [as clearly as I did](http://en.wikipedia.org/wiki/Reductio_ad_absurdum), no.  I managed, in a sentence, to make two points: 1) if people who make money in the stock market don't like when that gain is taxed, then logically someone who likes when that gain is taxed does not make money in the stock market, and 2) it is ridiculous for Bob to think he is entitled to 5 cows if John sells Jim ten thousand heads.


The whole point of buying puts is cheaper cost and lower downside risk. If you short the box, you are assuming he already holds gold holdings to short against. It's not the same as short selling where you borrow shares.  Either way, you are far more vulnerable to downside risk if you are short the stock (whether you borrowed or shorted already owned shares). If Gold suddenly has a 20% pop over the next year, which could be possible given the volatility and uncertainty in the marketplace, you have big trouble. Whereas, if you buy puts, you only lose your costs for the contracts. The amount that you miss by in your bet isn't going to factor into anything.


we're grateful that you took the time to read the newest post made by my friend matt perry nguyen in buildingbusinesscreditblog.com. we hope you can also post your comments and suggestions on this piece. in behalf of my friend and fellow poster a million thanks!


It's not that .01% who got their money through voluntary trade (ones we customers chose to give them) I'm worried about. [I'm worried about the .00017% of the population, the mostly lawyers who merely won popularity contests to control $Trillions of money they took from you and me without our explicit consent.](http://news.investors.com/ibd-editorials-perspective/122211-595681-occupy-congress.htm)


The main difference between an ETF and a Mutual Fund is Management. An ETF will track a specific index with NO manager input. A Mutual Fund has a manager that is trying to choose securities for its fund based on the mandate of the fund. Liquidity ETFs trade like a stock, so you can buy at 10am and sell at 11 if you wish. Mutual Funds (most) are valued at the end of each business day, so no intraday trading.  Also ETFs are similar to stocks in that you need a buyer/seller for the ETF that you want/have. Whereas a mutual fund's units are sold back to itself. I do not know of many if any liquity issues with an ETF, but you could be stuck holding it if you can not find a buyer (usually the market maker). Mutual Funds can be closed to trading, however it is rare. Tax treatment Both come down to the underlying holdings in the fund or ETF. However, more often in Mutual Funds you could be stuck paying someone else's taxes, not true with an ETF.  For example, you buy an Equity Mutual Fund 5 years ago, you sell the fund yourself today for little to no gain. I buy the fund a month ago and the fund manager sells a bunch of the stocks they bought for it 10 years ago for a hefty gain. I have a tax liability, you do not even though it is possible that neither of us have any gains in our pocket. It can even go one step further and 6 months from now I could be down money on paper and still have a tax liability. Expenses A Mutual Fund has an MER or Management Expense Ratio, you pay it no matter what. If the fund has a positive return of 12.5% in any given year and it has an MER of 2.5%, then you are up 10%. However if the fund loses 7.5% with the same MER, you are down 10%. An ETF has a much smaller management fee (typically 0.10-0.95%) but you will have trading costs associated with any trades. Risks involved in these as well as any investment are many and likely too long to go into here. However in general, if you have a Canadian Stock ETF it will have similar risks to a Canadian Equity Mutual Fund. I hope this helps.


"I'm surprised at the tone of the answers to this question! Trading with insider information is corruption and encourages fraud. As in many areas, there's an ethical line where behavior the gap between ""ok"" and ""illegal"" or unethical is thin. The classic local government insider information example is when the local councilman finds out that a highway exit is being constructed in an area that consists mostly of farmland. Knowing this, he buys out the farmers at what they think is a premium, and turns around for 10x profit a few months later. In that context, do you think that the councilman acting on that insider information is committing a crime or ethical lapse? Most people say yes.  Even in this case, the line is thin. If the same councilman has his finger on the pulse of growth patterns in the area, and realizes that the terrain makes a certain area a prime candiate for a highway and exit, buying up land would not be criminal -- but it would be risky as it creates a perception that he is abusing his position."


Have you looked at what is in that book value? Are the assets easily liquidated to get that value or could there be trouble getting the fair market value as some assets may not be as easy to sell as you may think. The Motley Fool a few weeks ago noted a book value of $10 per share. I could wonder what is behind that which could be mispriced as some things may have fallen in value that aren't in updated financials yet. Another point from that link: After suffering through the last few months of constant cries from   naysayers about the company’s impending bankruptcy, shareholders of   Penn West Petroleum Ltd. (TSX:PWT)(NYSE:PWE) can finally look toward   the future with a little optimism. Thus, I'd be inclined to double check what is on the company books.


Perhaps Ashlir is viewing it from the 1% angle and feels more entitled to handouts for creating minimum wage jobs in a mine or charter school that can declare bankruptcy after a couple years without any debt.


I have no desire to buy an truck or an suv. The American manufacturers seem to be leaning toward putting the emphasis on trucks and suv's. I may for the first time start looking at buying a car from a foreign manufacturer.


>>Ballmer made the case that without Nokia, Microsoft's struggling Windows Phone operating system and ecosystem would never be able to compete with Apple's iPhone and Google's Android  So let Nokia keep making them. Why buy them out?


Trump wants a solar wall... I told my wife he should build a solar wall the second I heard he wanted a wall....  Yes solar and wind are efficient. check out the UK. Lego factory and other examples of solar/wind/hydro in action. Why even argue against it? Like why??????


If the scratches are a bit deeper in that case, you can bring 100-grit sandpaper into use for limestone floor scratch removal.This sanding should be followed by one more sanding done by 300-grit sandpaper and once done, you can apply some mineral oil or colour enhancing sealer to make sure that the scratches can’t be seen at all.


The rent will be determined by: the rent being charged on similar houses near you. Your mortgage and other costs (very unfortunately!) have no bearing, at all, on the price you will get.


*It is true that people who are overweight, including myself, get that way because they eat too many calories relative to what their bodies need.*  This is highly controversial.  It is also possible that the Standard American Diet (SAD) is unsafe at any number of calories.  Quality may matter as much as quantity, and that is terrifying because we still don't have solid information about exactly what is best to eat, when, how, and why.


None of the above. The fair value is a term used to describe an analytical result of projecting the company's future dividends and profits into a present value.  Such estimates are published by the likes of Morningstar, S&P and Value Line.  It is quite common for a stock to trade well above or below such estimated fair values.


"I think this stuff was more valid when grace periods were longer. For example, back in the 90's, I had an MBNA card with a 35 day grace period. Many business travellers used Diner's Club charge cards because they featured a 60 day grace period. There are valid uses for this: As JoeTaxpayer stated, if you are benefiting from ""tricks"" like this, you probably have other problems that you probably ought to deal with."


"There are two ways you can ""cash in."" 1) Buy enough additional shares to bring your share total to 100, then exercise the put. 2) Sell the put in the open market for a profit."


"You are correct. There's no reason for it even though UAVs can do it. An auto pilot isn't going to land you in the East River with much success.  edit: You can kick the auto-pilot in at a pretty low altitude. Imagine accidentally activating the ""auto take off feature""? Yeesh! Plus, (as a former private pilot myself) the pilot is generally scanning the engine instruments for green while the throttles are pushed up."


Any way you look at it, this is a terrible idea. Cars lose value.  They are a disposable item that gets used up.  The more expensive the car, the more value they lose. If you spend $100,000 on a new car, in four years it will be worth less than $50,000.*  That is a lot of money to lose in four years. In addition to the loss of value, you will need to buy insurance, which, for a $100,000 car, is incredible. If your heart is set on this kind of car, you should definitely save up the cash and wait to buy the car.  Do not get a loan.  Here is why: Your plan has you saving $1,300 a month ($16,000 a year) for 6.5 years before you will be able to buy this car.  That is a lot of money for a long range goal.  If you faithfully save this money that long, and at the end of the 6.5 years you still want this car, it is your money to spend as you want.  You will have had a long time to reconsider your course of action, but you will have sacrificed for a long time, and you will have the money to lose.  However, you may find out a year into this process that you are spending too much money saving for this car, and reconsider. If, instead, you take out a loan for this car, then by the time you decide the car was too much of a stretch financially, it will be too late.  You will be upside down on the loan, and it will cost you thousands to sell the car. So go ahead and start saving.  If you haven't given up before you reach your goal, you may find that in 6.5 years when it is time to write that check, you will look back at the sacrifices you have made and decide that you don't want to simply blow that money on a car. Consider a different goal.  If you invest this $1300 a month and achieve 8% growth, you will be a millionaire in 23 years. * You don't need to take my word for it.  Look at the car you are interested in, go to kbb.com, select the 2012 version of the car, and look up the private sale value.  You'll most likely see a price that is about half of what a new one costs.


Unless they're the actual employers, the I-9 is none of their business. Your employer must verify your eligibility for employment on the first day of your employment, i.e.: when you find a job you'll have to fill I-9 anyway. The only reason I can think for them to do it is to verify that you're eligible for employment before they waste any time on searching for a job for you. I'm not sure if they're legally allowed to ask for your status, so maybe that's their way of working around that. I don't think they can require you to fill I-9, and in fact I'm not sure if its even legal for them to obtain that information without actually being your employers. IMHO, that is, consult with an attorney if you want a proper legal advice.


I have no idea about India, but in many countries there are companies that specialize in property management. This means they will take on the business of maintaining the properties, finding tenants, doing paperwork and background checks, collecting rents and evicting tenants if necessary. Obviously for this they require a fee, but essentially the owner gets to sit back and do nothing except collect a cheque every month. In my country some real estate agents are in this business as well, though for 20 apartments I would be looking for a specialized firm.


The put vs call assignment risk, is actually the reverse: in-the-money calls are more likely to be exercised early than puts. Exercising a call locks in profit for the option holder because they can buy the shares at below market price, and immediately sell them at the higher market price. If there are dividends due, the risk is even higher. By contrast, exercising an in-the-money put locks in a loss for the holder, so it's less common.


"To add to what other have stated, I recently just decided to purchase a home over renting some more, and I'll throw in some of my thoughts about my decision to buy. I closed a couple of weeks ago. Note that I live in Texas, and that I'm not knowledgeable in real estate other than what I learned from my experiences in the area when I am located. It depends on the market and location. You have to compare what renting will get you for the money vs what buying will get you. For me, buying seemed like a better deal overall when just comparing monthly payments. This is including insurance and taxes. You will need to stay at a house that you buy for at least 5-7 years. You first couple years of payments will go almost entirely towards interest. It takes a while to build up equity. If you can pay more towards a mortgage, do it. You need to have money in the bank already to close. The minimum down payment (at least in my area) is 3.5% for an FHA loan. If you put 20% down, you don't need to pay mortgage insurance, which is essentially throwing money away. You will also have add in closing costs. I ended up purchasing a new construction. My monthly payment went up from $1200 to $1600 (after taxes, insurance, etc.), but the house is bigger, newer, more energy efficient, much closer to my work, in a more expensive area, and in a market that is expected to go up in value. I had all of my closing costs (except for the deposit) taken care of by the lender and builder, so all of my closing costs I paid out of pocket went to the deposit (equity, or the ""bank""). If I decide to move and need to sell, then I will get a lot (losing some to selling costs and interest) of the money I have put in to the house back out of it when I do sell, and I have the option to put that money towards another house. To sum it all up, I'm not paying a difference in monthly costs because I bought a house. I had my closing costs taking care of and just had to pay the deposit, which goes to equity. I will have to do maintenance myself, but I don't mind fixing what I can fix, and I have a builder's warranties on most things in the house.  To really get a good idea of whether you should rent or buy, you need to talk to a Realtor and compare actual costs. It will be more expensive in the short term, but should save you money in the long term."


>[**Сointower ! 10 % в сутки от депозита! Высокодоходный хайп проект! Быстрый способ заработка денег! [4:40]**](http://youtu.be/O_GiAxqwWJU)  >>¦ Ссылка на регистрацию в проекте:  > [*^Финансовый ^Вектор*](https://www.youtube.com/channel/UCAOABF2yT1SjVqI7RK9aIUg) ^in ^People ^& ^Blogs  >*^1 ^views ^since ^Aug ^2017*  [^bot ^info](/r/youtubefactsbot/wiki/index)


Absolute scam.  Any time anyone asks you to open a bank account so they can send you money and then you have to send some portion of it back to them, it's a guarantee that it's a scam. What happens is that your dad will deposit the check and transfer it to this woman, then the check will bounce (or turn out to be fake altogether) and your dad will be on the hook for the money to the bank. These schemes are dependent on the fact that people want hope and believe in quick, easy money, and it works as long as the con artists are able to get the 'mark' (the person who deposits the check and sends them the money) to send the money before the check (always drawn on some obscure foreign bank) has a chance to clear. This is another variation of a long-running type of bank scam, and if you get involved, you'll regret it.  I hope you can keep your dad from getting involved, because it will create a financial mess and affect his credit as well. The basic premise of this scam is this:  In the interests of providing good customer service, most banks will make some or all of a deposit available right away, even though the check hasn't cleared.  The scammer has you withdraw the money (either a cashier's check, have you send a wire transfer, etc) immediately and send it to them. Eventually the check is returned because it is  The bank charges the check back against your account, often imposing pretty substantial penalties and fees, so you as the account holder are left without the money you sent the scammer and all of the fees. This is the easy version of events.  You could end up in legal trouble, depending on the nature of the scam and what they determine your involvement to be.  It will certainly badly affect your banking history (ChexSystems tracks how we all treat bank accounts, much like the credit agencies do with our credit), so you may have trouble opening bank accounts.  So there are many consequences to this to think about, and it's why you JUST SAY NO!! Don't walk away from this -- RUN!!!


"Robert Lutz recently came and gave a great talk to the Rotary club I belong to.  His views aligned very closely with my own.  He likened cars today to the horse at the end of the 19th century.  It was unheard of that horses may be replaced by cars (the automated horse).  Today, horses are a niche business; you can buy/sell/breed horses but they come from specialized dealers and are used in private areas.  Commercial fleets will be the first to be fully automated.  We're already very close there, and I see real mass adoption of commercial fleet automation within 5 years.    Individual adoption will follow after, starting on public limited-access highways.  Once the critical mass of 25% automation is reached, the federal government will step in and say ""Look, 75% of you are causing 99.9% of all accidents out there.""  They will set the timer on individually operated vehicles - probably something like a 10 year window.  All in all I'm with those who see complete automation within 20 years."


Linear Title has pulled together a powerful executive team of real estate and financial services professionals who, working in conjunction, contribute to the vision and drive that has made Linear Title a leading company in the title and closing industry.Linear Title President and CEO Nick Liuzza attended LSU, where he studied business and marketing. Before joining Linear Title, he successfully led two companies, thus gaining the experience he would later bring to his position at Linear Title, where his passion,


In many places there are legal requirements to do so, essentially made to prevent brokers from selling high-risk products as if they were deposits with guaranteed safety of your funds. There also may be prohibitions on offering high-risk/high-return products to beginner customers, e.g. requiring accredited investor status claiming that yes, you really know how this works and are informed of the involved risks or you're not allowed to invest in that product.  Making untrue claims of being not a beginner may limit your options if your broker does cheat you in some manner, as it gives them a solid argument that you confirmed that you understand how their pump-and-dump scheme works and are yourself responsible for losing your money to them.


Depends on how you supplement the major. I had people taking things like 'marketing' or 'business management' with their finance majors to get good marks, but they didn't get internships like I did because I was willing to take statistics, economics, risk management, accountancy etc... In general you want to have a strong math background, a good understanding of economics, and accountancy. Also if I could go back I would have done computer science at least at first year level to get a feel for coding and modeling.  Edit: I should clarify I don't have a permanent job, I'm just speaking from my experience of holiday internships with investment banks.


Dividend Stocks like any stock carry risk and go both up and down.  It is important to choose a stock based on the company's potential and performance.  And, if they pay a dividend it does help. -RobF


I know everything I need to know about you.   You are in favor of a tax system that doesn't apply to you.  You don't think on a macro level of the inherent effects it would have on the market,  people's 401k's, investments,  and property values.    You think short term. No thought on the viability or future health of investments.   They don't apply to you,  so why would you care?  You care because you are a self serving narcissist that deems it acceptable to raid other people's prosperous endeavors.  You have selfish interests in the guise of altruism.


The ones i've interacted with regard us as being better than normal people but not on par with Hasidic Jews. They do love getting us to pray and stuff though and are generally very welcoming when it comes to religious rituals.


Yes, I am currently an undergrad student majoring in Finance. I have a strong interest in Accounting and Economics (Macro).  I have learned earlier today that due to the fact that people now live longer, our government spending increases (Medicare, Medicaid, Social Security, etc). But unfortunately, the funding that it draws from does not increase at a similar rate so the funding for other major aspects such as R&D, Education, etc are being cut to offset the increase in government transfers.   Granted the Feds never spent much on education, why is it that the funding for R&D in terms of percentage is so minuscule? Would it not be in each government's best interest to funnel money towards education, infrastructure, research & development, etc? I'm sorry, when I learn one thing, about twenty billion other questions pop up (could be related or unrelated to what I had just learned)


Are you assuming that net metering will continue forever? Eventually that will have to stop and you'll only receive the market generation rate (the price before all the markups in the submission's graph) for power exported to the grid which is unlikely to net you much profit.


"While people will say, ""I'm going to sue you for all your worth!"", that's not how it really works. When someone brings a lawsuit, they are supposed to show how much harm you actually caused them. The court then awards them an amount equal to whatever the judge or jury are convinced was the actual harm. So in the case of a car accident, if someone can convince the court that you caused the accident and that he had $100,000 in medical bills, lost wages from work, and/or whatever other expenses, than the court will order you to pay $100,000. (A court can add on compensation for ""pain and suffering"", and it can add ""punitive damages"" if you were reckless and irresponsible, but that doesn't change the point here.) If you're a billionaire and this is less than you spend on lunch in a week, good for you, you pay it and you're done. If your only assets are the clothes you're wearing and your iPhone, and you don't have enough insurance to cover it, then you will be in debt for a long, long time. Saying, ""Sorry, I don't have that much money"" will not help. Your liability is not limited to what you can afford to pay. Many people say that in real life courts will order big companies that are responsible for an accident to pay more than it would order an ordinary person to pay because they figure that they can afford it. I don't know whether that's true. But even if the court goes easy on you because you're poor, you can still be ordered to pay a substantial amount of money. If the amount is totally beyond what you have -- if the court orders you to pay $1 million and you make $10,000 a year -- than the other person can't expect to ever get all their money. But you'll be paying for the rest of your life."


Sure it is quite easy depending on income.  If one receives a bonus that is high in relationship to their income, it is very easy to max out a 401K prior to when one intended.  The later in the year such a bonus occurs the more likely that one will max out prematurely.   If one only has a single employer in the year, the custodial company will not accept amounts above the max, so one need not worry about that case.  If there is more than one employer, a refund is typically issued with the appropriate tax withheld.   Assume that a person makes about 60K per year.  They intend to put 12k into their 401K, thus have their contribution set to 20%.  By the beginning of September, they have 8K into their retirement, but they also receive a bonus of 50K.  Their 401K contribution for that bonus will be 10K, and thus they have maxed out their individual contribution for the year. So they will not be able to contribute for the rest of the year, including the first paycheck in September.  They will miss out on any match that the company may supply.  While that sucks, it should be relieved by the bless of receiving such a large bonus.


Yes, it is possible. Several things to remember: Essentially, you're planning to shoot yourself in the foot, and while it is possible - it is not advised.


"Have the stock certificate in with a letter from the previous owner of the company from what I can tell in the letter these stocks were distributed from the owner himself stating ""after evaluation we have determined that your investment in this company is worth 10,000 shares at $1.00 a piece"" as well as I believe these shares were also acquired when the company was going through name changes or their company was bought"


"If you're single, the only solution I'm aware of, assuming you are truly getting a 1099-misc and not a W-2 (and don't have a W-2 option available, like TAing), is to save in a nondeductible account for now. Then, when you later do have a job, use that nondeductible account (in part) to fund your retirement accounts.  Particularly the first few years (if you're a ""young"" grad student in particular), you'll probably be low enough on the income side that you can fit this in - in particular if you've got a 401k or 403b plan at work; make your from-salary contributions there, and make deductible IRA or Roth IRA contributions from your in-school savings. If you're not single, or even if you are single but have a child, you have a few other options. Spouses who don't have earned income, but have a spouse who does, can set up a Spousal IRA.  You can then, combined, save up to your spouse's total earned income (or the usual per-person maximums).  So if you are married and your wife/husband works, you can essentially count his/her earned income towards your earned income. Second, if you have a child, consider setting up a 529 plan for them.  You're probably going to want to do this anyway, right?  You can even do this for a niece or nephew, if you're feeling generous."


If you know exactly what you want to do it's easier to avoid that kind of drudgery. Analysis, underwriting, private capital placement, even sales if you choose to focus on the wholesale side can all be lucrative and less mind numbing.


"Bring resume copies, a pen, and a leather case (if possible).     Hold it in your left hand, you'll be shaking hands with your right.   Keep a tissue in your right pocket to keep your hand dry.   Don't take off your suit jacket, even if asked. You will be sweaty.   Ask for water from the secretary or admin at the front desk. Keep this water with you in the interview. If you need time to think, nervous, or just don't know what to do with your hands, hold the cup or sip. (I love this advice I was given. It's weird how it changes you to have something to hold.)  Stand when people enter the room to shake your hand.   Ask questions!  Ask ""what does day 30 and day 90 look like?"".  I'm not sure the internship works, but I'm sure you want to know where you are in a month, and a quarter or so later.   Know your hometown or college's trivia. What it is known for. It's like clockwork that I've had the person come into the interview and say to me ""so you're from _____,  those ______'s are looking good this year"".   Just be prepared to say ""yup, I love going to the games , but don't follow as closely now"".  Or anything. That statement will happen.   Are you clean cut, able to hold a conversation, and inquisitive?  That's all they want to know. At this level, they just want to make sure you don't embarrass the person hiring you.    Good luck!"


Yes NRIs are allowed to open a DEMAT account in India from abroad.  Investments can be made under the Portfolio Investment NRI Scheme (PINS) either on repatriation or non-repatriation basis.  As per,the guidelines of the Reserve Bank of India it is  mandatory for NRIs to open a trading account with a designated institution authorized by the RBI.  They must avail either a Non-Resident Ordinary (NRO) or Non-Resident External (NRE) account to route the various investments.


Studying times will vary greatly, but personally I believe 200+ would be a safer bet, if you are going to invest the time you would hate to fall just short. A great resource for anything CFA related is   www.analystforum.com   Plenty of threads/stories on study techniques and hours studied etc.


You are both right and wrong.   A few key things   - I'm not charging the government body I work for, it's a free implementation  - I ensured I do all the work on my own time, not company time. I live somewhere where most government employees work multiple jobs, so this isn't uncommon. In fact, my government body actually does often hire contractors who are also employed.   - I don't live in the US, things are somewhat less different where I am.  - It is certainly not illegal, and I would even argue that it is even somewhat ethical. My work saved my employer (the tax payer) a significant amount of money, which is a net positive. The service is of high quality, and I did not break any employment agreements or laws in the process.   - I hired a lawyer to double check everything.


As an NRI, you can't hold a regular savings account. It should have been converted to NRO. Option 1: Open NRE account : Since I am relocating permanently this might not be good option for me as converting  This is the best Option as funds into NRE are not taxable in India. The provides a clean paper trail so that if there are any tax queries, you can answer them easily. You can open a Rupee NRE account, move the funds. On return move the funds into Normal Savings account and close the NRE account. This is not much of hassle. Option 2: Create NRO account: There would be taxes on the interest earned of the funds. But I am not sure of this, since I will have been moved to India permanently would I need to still pay taxes on the interest earned while I am in India? Any interest in NRO or normal savings account is taxable in India. There is no exemption.  Option 3: I can transfer my funds directly to my account in India but I believe I would have to pay tax on the the funds that I transfer and that would be double taxation. Which I think would be the worst option for me. Please correct me if I am wrong. This is incorrect. Any earnings outside of India when your status is NRI, is not taxable in India. Opening an NRE account provides proper paper trail of funds. As an NRI one cannot hold normal savings account. This should have been converted into an NRO account. Although there is no penalty prescribed, its violation of FEMA regulation. I also hope you were declaring any income in India, i.e. interest etc on savings and filing returns accordingly. Option 4: I can transfer the funds to my direct relatives account. I still believe there would be tax to be paid on the interest earned of the amount. You can transfer it to your parents / siblings / etc. This would come under gift tax purview and would not be taxable. They can then gift this back to you. However such transactions would appear to be evading regulations and may come under scrutiny. Interest on Savings account is taxable. So best is go with Option 1. No hassle. Else go with Option 3, but ensure that you have all the paperwork kept handy for next 7 years.


I work at an advisory firm. We just hired a new advisor that has a sleeve. It's not a problem because of dress shirts but our firms leadership did tell him to take down all of his tattoo pictures off Facebook.


Thought experiment. If in 20/40/60 years time machines (owned by companies) can generate nearly everything we need to feed, shelter & transport us what should people do?  Is that the beginning of nirvana for humans (where time is spent on doing things that have meaning for you) or a nightmare in which the value of the minority of people’s lives is super low given that they aren’t needed by company’s business cases?  How should our tax system & social security system then work?


Pub 527 my friend.  It gets depreciated. Table 1-1 on page 5.


First off, that isn't today's version of socialism or anything like it. Today's version of socialism is democratic socialism as seen in Scandinavia to great affect.   Secondly, you may not read 4chan or fox but that phrase is being repeated ad nauseam on both sites as a way to push the narrative away from the racist hate that happened. Which means you're doing exactly what they want and becoming their parrot.   Thirdly you're right. I shouldn't have downvoted you. You can have those back.  I'm pretty tired too.


"Why isn't the above the business model of a loan? It is the model of some types of loans. It's called a ""Line of credit"" (LOC). I have two them, one for my business, and one for me personally. (Why does this question exist:) Is it an 30-year loan or a 10-year loan? As you mentioned, the concept of term doesn't exist for these types of loans. As long as I pay the interest and don't go over the max of my credit limit, I could keep the money indefinitely. Due to this, lines of credit almost always have a variable interest rate. (In the US they are tied to the Prime rate.) (Why does this question exist:) If you pay extra, do you want the extra to go toward the interest or toward the principal? Again, this concept also doesn't exist with a LOC. There is a minimum payment that you must make each month, but there is nothing that prevents you from making the minimum payment and then immediately taking the exact payment you made back out again. Of course this increases the total you owe, and eventually you would hit your maximum credit limit and would no longer be able to take the full payment back out. Years ago I maxed out my business line and didn't have enough money to make the payment so my bank was nice enough to raise my limit for me (so I could take enough out to make the payment), but if I did that multiple times I'm sure they would have eventually said no. Fortunately my clients finally paid me and I paid off the line, but I still keep the LOC today even though I rarely use it. By the way, beyond traditional LOCs, they also exist in other forms, both secured and unsecured. A common secured product in the US is a 2nd lien holder to a home (the first being the mortgage), called a HELOC (Home Equity Line Of Credit). Many banks also offer unsecured LOCs on a checking account which they sometimes call ""overdraft protection"". Update: based on a comment to this answer, I now realize that the full question now becomes something similar to: Given that the Line of Credit loan model exists, why aren't all loans like this? or, refining it further: What advantages do other loan types have over the Line of Credit model, specifically finite term loans? A main advantage of a term loan over a line of credit is that the bank knows when they will get the money back. If every loan a bank made was a LOC product, and no one ever paid it back, then they'd eventually run out of money. That's obviously an oversimplification but the principle (pun intended) holds. To prevent this the bank would have to call due the loan, and doing this usually leaves customers angry. Years ago I had a business LOC with a bank that discontinued their business LOC product, and called every customer's loan due. I had a balance and they offered to convert it to a 5 year term loan, which I did, but I was so mad at them that I switched banks and paid off the term loan shortly after. Another advantage of a term loan is it forces the customer to be a little more responsible. Lines of credit can be dangerous for those that misuse it because if the amount owed is driven up due to bad behavior, there is nothing to force the bad behavior to stop. A perfect example of this can be found with governments. Some governments borrow money until their line of credit is used up, and then they just keep increasing their credit limit. There is no incentive for the officials in charge of the government to stop doing this because it isn't even their money. If those lines of credits were converted to term loans, the government would be forced to increase revenue and/or decrease expenses, which is the only way to get out of debt. Some other advantages of term loans over a LOC:"