vania-janet/multiturn-rag-retrieval-data huggingface dataset:
Each actor involved is responsible for and party to—in varying degrees—the events that transpired. Mortgage brokers (individuals) • First line of contact between an originator and a borrower • Out to get theirs; greedy • Disregard for borrowers, only want to originate as many mortgages as possible • Engaged in controversial practices – confusing, pressuring, lying to borrowers in order to secure a mortgage • Took advantage of 2/28 mortgages in order to collect new origination fees • Offered piggyback mortgages requiring no money down Mortgage originators (organisations) • Began lending to subprime borrowers during the 1990s – done through brokers to whom they paid a commission • Largely supplanted loans made by the FHA through traditional lenders • Many originators acquired by large investment banks • Cashed in on and espoused the “American dream” of home ownership • Different interest rates charged to borrowers • Use of statistical software and credit scores to evaluate borrowers • Popularised 2/28 mortgages • Allowed borrowers to take out mortgages with little or no documentation • Rapidly increased $ amount of mortgages issued • In charge of servicing mortgages issued – making reasonable efforts to collect principal and interest, able to foreclose on properties when delinquent • Profited from massive fees (late and other) added when loans were delinquent • First firms to suffer from the increase in foreclosures Investment banks • Often acquired mortgage originators to gain yet another revenue stream • Responsible for creating CDO entities, often registered in tax havens • CDOs took on large positions in MBSs and created subordinate obligations, also CDOs • CDO entities held assets of other CDOs, creating a complex interwoven situation • CDOs were also involved with positions in other securities • IB-controlled hedge funds often hedged risks through buying highly-rated MBSs • CDOs holding long-term debt were funded through the short-term commercial paper market – high ratings secured through IB lines of credit • Also pioneered SIVs – relied on highly-rated CP market; lines of credit combined with investor equity allowed IBs to keep SIVs off B/S • IBs heavily invested in MBSs/CDOs began to run into liquidity problems • Required capital investment to remain operational – often found abroad (e.g. Abu Dhabi, Chinese, Singaporean governments) • Largely responsible for the monetary policy pursued by the Fed during 2007/
You can borrow money from the insurer using your IUL cash value as collateral. Often, a check can be cut within 48 hours. This eliminates the time a normal lender takes in making the loan decision. Or, you can surrender the policy and take the cash value (paying taxes on your gains). The first keeps the policy in force while you pay back the loan if you desire. The second cancels the policy so that you can take your own accumulated money out. Utilizing an IUL in this manner can (but not always) lower your Expected Family Contribution (EFC) with colleges so that you could qualify for higher student aid. If your income puts you in the middle class, you would be wise to note this in particular. Having control over your EFC is major benefit. (If you'll read the link above, you notice the UGMA isn't necessarily the best idea as schools look to the student to give a higher percentage of their own assets than the parent.) Ultimately, while the IUL is a little known method for saving for college (and some will argue what they may) it would benefit you to speak with an insurance professional about this option. Ask if the insurer has access to the SAGE Rewards program (https://secure.tuitionrewards.com/). The program is a free benefit if you purchase a cash value contract like an Indexed Universal Life policy and activates IF the agency participates. The child earns tuition credits for every birthday of your child (not retroactive) and for having the policy. If you do an annual review, you earn more tuition credits. I have established these for clients and some have sent their child to college with more than 44k in college funding (split out over four years). The point system is 1 credit = 1 tuition dollar. Quite unlike air miles! For those of you reading this that have similar concerns, please consult an with an agent (or feel free to contact me) to get up to date advice on how to structure these. They are simple and efficient and have significant upside for college funding.
For the same reason that you take out low interest loans on big purchases like a car even if you have cash. Plus, tax advantages as another comment said. Netflix is also a growth stock and is using that debt to create real value.
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I don't know exactly what your point is and why you're talking about loans. My point was that it's a huge assumption to say its a waste without any data as to which majors its a waste for, which jobs benefit most from school prestige, etc.
The benefit of a dividend reinvestment program is you, generally, don't pay transaction costs or commissions and you don't have to remember to do it.  Whether or not you may be able to eek out a little more by managing this yourself is a crapshoot and the equivalent of timing the market.   If you're so good at timing the market you shouldn't even be holding the stock, you should be buying and selling as the price fluctuates.
I imagine the F-35 is the front runner, followed by the Eurofighter. The cooperation with the US military in South Korea and the history with US defense contractors will definitely weigh in compared to the Eurofighter.   The benefit of a stealth fighter is definitely beneficial in the Korean peninsula. South Korea and the US remember vividly how hard it was to control the Air Space over Korea with the North Korean's better jet technology for the beginning parts of the Korean War. The SK want that advantage, especially if China eventually sells North Korea the J-20.
But if you seek equal benefit, you will have to pay 515 a month more than she does. This sort of thing is basically the model marriage uses, a pure 50/50 partnership, or ""communal property"". And note that one of you will either be paying more than the other, will be benefiting more than the other - no matter what you do! It's impossible to balance both costs and benefits, because your income and expenses are not the same going in. If you go this way you'll need to choose what is most important - splitting the expenses/income equally, or benefiting financially equally. So I say again, ultimately you have to choose based upon your individual and shared values, and also on just what sort of relationship and layers of commitment you want to have together. You could start slow with option 1, then progress to sharing more - that's what I'd recommend, because I like the idea of developing things one layer at a time rather than jumping in head-first (like I have personally done in the past, haha!). Once bitten twice shy, I might just be more risk-averse or careful than you desire to be, but that's a personal choice. I personally believe the relationship can be far more valuable than any investment, but at the same time I'll take $1 over a relationship that has turned sour any day of the week. This is why I suggest the more gradual, careful approach - to let your love bloom and grow deeper one layer at a time, without the complexities of fully shared finances or investment partnership. Relationships are hard enough, so this is why I favor trying to protect them aggressively from unnecessary complexity. Some favor the ""sink or swim"" model of seeking out trials and challenges, while I favor the ""relationship as tender, growing sapling"" model. I hope seeing these options laid out more is helpful to you, and good luck to you, your relationship, and - lastly - to your investments!"
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I think increasing funding to public colleges are an -okay- thing to do.  Certainly it is better than the current system which guarantees student loans to benefit the bankers.  So, we're talking about two different kinds of subsidies: one directly for schools and one for bankers.  While ideally, I'd like to see no government involvement whatsoever, I can compromise as long as bankers are bearing the full risk of their student loans.  The student loan system is what is bubbling up tuition prices, very similar to what happened in housing.
Three major advantages that I can think of (and some of these have been pointed out in comments):
What the comments above say is true, but one more thing is there. FD rates are directly proportional to loan rates. However, banks make money because loan rates will always be higher than FD rates.
If thats how you feel (its how I feel )  then the last thing you want bankers doing is accepting deposits from people who think their money is not being risked, then making loans with it (fractional reserve banking).  And fdic is not an answer to that fundamental problem.
I'm an engineer winding down to an early retirement thanks to saving and managing money well.  &gt;why you feel differently?  Because unions negotiate to keep raises coming even when the economy craps out. Public employee unions are the worst. Full benefits after retirement, etc., and double dipping. Unions have worn out their usefulness except to exploit capital (or taxpayers). The Boeing case is a pathetic example of the NLRB killing American business.  The EEOC is generally a group of whack jobs. Look up EEOC and Jehovah's Witnesses. Their are so many cases where they side with the Jehovah's because they can't work on Saturdays. One case that comes to mind is 5 roommates working at a golf course and after they joined, they said they couldn't work Saturday's (when everyone is playing golf and they need to be there). The EEOC gets abusive more than it helps.
I mean, when the federal government can pull your bank charter and the FDIC can revoke your government insurance, it's not worth the benefit just to support some small town pot grower. It's likely to be this way until the federal government legalizes it or gives outright approval to the banks.
You would need to check with Bank as it varies from Bank to Bank.  You can break the FD's. Generally you don't loose the interest you have earned for 1 years, however the rate of interest will be reduced. i.e. if the rate was 7% for 1 year FD and 8% for 2 years FD, when you break after a year you will get only 7%. Generally this can happen in few hours but definitely in 2 days. You can get a Loan against FD's. Generally the rate of interest is 2% higher than FD rate. There is also initial processing fee, etc. Check with the Bank, it may take few days to set things up.
The basic theory is that if the price goes up, demand for the product will go down. The ancillary benefit is a public health one: less diabetes and health related issues from over consumption of sugars which leads to lower costs of health care for people who end up consuming less sugar and the overall population - this reduces insurance rates and so on and so forth. That is the theory.
It lowers the cost of capital.  Debt is generally a 'cheaper' form of financing, and in addition you have the benefit of interest being tax deductible.  Assume you have no capital to expand an existing business.  How do you fund it?  You could sell/issue some stock to outside investors for cash (or inject your personal cash into the business if you have it), or you can borrow the money.  General the borrowing is 'cheaper' as debt investors need a lower return than equity investors, because debt is less risky (has claims on the business assets before equity holders) than equity.
Even if you expect to work you might not be able to due to health reasons or economic factors that make it difficult to obtain employment, so it's good to have a safety-net. A pension scheme, especially if it's tax-advantaged or there's a company-match, can be a useful savings scheme.  So even if you're still working when you reach normal retirement age, it provides you with a handy pot of money you can use for travel, recreation, or whatever. As others have mentioned, the pension might benefit other family members such as a spouse or children. You might change your mind about working until you drop. With NHS cuts and austerity you might need the money to supplement whatever care benefits you're entitled to when you do fall ill in your old age.
Zoopla may not always accurately reflect the market price. Your best bet is to get a quote for local registered) letting agents. That way you know you are close to the real market value. Also, these quotes may come into handy if you have a mortgage on the property. Since most banks will require you to provide proof of rent figures you are projecting by sending in official quotes. Hope this helps..
"The idea that individuals control the housing prices through supply and demand is HILARIOUS! That's like saying prisoners control the quality of their food.  Somehow blaming banks and real estate agents is going to hurt you and make you a victim? That's not fear mongering at all, clearly everything was so very plainly laid out for every buyer in the entire US that all they had to do was sign a single piece of paper that was written in plain English and of course they were never told anything like ""just a formality"" or ""just paperwork"" and ALL of them were smart enough to read through the work anyway and of course the bank associates were nice enough to reject a loan if they thought the people didn't understand the terms properly and....(etc. etc. etc.)  TL;DR Good job shifting the blame, surely your well reasoned arguments with summarized backings will get people on your side!"
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"Usually... I think that's overstating the case.  You CAN get a bargain (especially if the place is in not-so-great condition), but not every foreclosure will be a good deal even if it is priced well below its most recently appraised value. As the buyer it's your responsibility to determine whether it's priced well or not, and to decide whether you're willing and able to repair its deficiencies after you buy it. The same's true when purchasing any house; foreclosures just make it more likely that there are problems and (hopefully) wind up being priced to allow for them. I don't know of a single website which lists all foreclosures. Some of the home listing websites do have a ""show me foreclosure listings"" filter, and I'm sure that the better tools available to real estate agents can select these. But if that's the direction you're interested in going, you should be looking at distressed properties generally, NOT just foreclosures; you may get a better deal, in the long run, by going for the one that has been mechanically maintained but is just plain ugly rather than the one with a pretty skin whose heating system hasn't been serviced for the last decade. Do your homework, shop around, don't fall in love with any one house... all the same rules apply at this end of the spectrum just as strongly as they do in the mid or upper ranges. Perhaps more so. Happy hunting!"
Have you considered investing in real estate? Property is cheap now and you have enough money for several properties. The income from tenants could be very helpful. If you find it's not for you, you can also sell your property and recover your initial investment, assuming house prices go up in the next few years.
The steps that I could imagine following:
"&gt; Interests change. So do careers.   Of course. A janitor can become a landscaper, a teacher with teaching diplomas can end up as an accountant, an actor can become a great president of the USA (Ronald Reagan) and a business man can also become a great president of the USA (Trump!)  However, do you understand that Information Security is a highly specialized technical engineering field that requires tons of specific knowledge and understanding of technologies, protocols, cryptography, database, etc, etc, etc?  There's no way that Ronald Reagan, Trump or Susan can become a Chief Info Security officer, medical surgeon, rocket scientist, or even a Rabbi. Am I right?   These professions require many many years of specialized studies, residency/apprenticeship to get experience and dedication from the start to a life-long narrow and specialized field.  You don't need to be brilliant with specialized knowledge to be an accountant, actor, president of the USA, janitor or even a ""Vice president of sales"".  &gt; Undergrad is meaningless at that level and point in career.  This is not the point, and I said it already 18 times: I will hire a music major if they have the experience and knowledge needed for an unrelated job.  There's almost zero chances the Music major or Fashion major is the type to be an expert in security, so knowledgeable as to become the CHIEF Information Security Officer.  **And, again, based on the recent interview with Susan and her answers, anybody, even non-experts, can tell she has no clue about security.**  &gt;&gt; I also never agreed that she got the job due to connections:  &gt; So give me a possible way how Susan got her job.  Can you answer and guess the answer?  As for HR and contractors:  &gt;  Contractors give flexibility to staff up for projects and down again as conditions dictate, and are paid higher rates to compensate for the impermanence.  If contractors are more expensive than in-house employees, nobody will use contractors.  Trust me!!!! I also have to hire and work with contractors, in IT, where they really get paid well. They get ZERO benefits, ZERO bonuses, ZERO security, and many in-house employees in similar jobs, per-hour, get paid much more if you account their bonus, medical insurance, facilities, severance packages, training, etc, etc."
Simply, yes.  I graduated in 2010 and started in insurance.  Then went to real estate accounting.  I absolutely hated both insurance and accounting, so I decided to study and sit for Level 1 in 2011.  I passed and received an entry level investment analysis job a few month later.  I could not be happier.  I would not have received the job without passing.  Not only did it give me something to brag about in the interview, but almost every young person in the investment industry is attempting to pass these exams.  The tests are only going to get harder and the pass rates are only going to get lower.  I would try to pass these as soon as possible.  At my firm, resumes that don't show CFA charterholder or candidate get left behind.  I would imagine other firms are doing the same.  Don't expect companies to pay for it, and don't let the price deter you.  It will be worth it in the end.
To start, I hope you are aware that the properties' basis gets stepped up to market value on inheritance.  The new basis is the start for the depreciation that must be applied each year after being placed in service as rental units. This is not optional. Upon selling the units, depreciation is recaptured whether it's taken each year or not. There is no rule of thumb for such matters. Some owners would simply collect the rent, keep a reserve for expenses or empty units, and pocket the difference. Others would refinance to take cash out and leverage to buy more property. The banker is not your friend, by the way. He is a salesman looking to get his cut. The market has had a good recent run, doubling from its lows. Right now, I'm not rushing to prepay my 3.5% mortgage sooner than it's due, nor am I looking to pull out $500K to throw into the market.  Your proposal may very well work if the market sees a return higher than the mortgage rate. On the flip side I'm compelled to ask - if the market drops 40% right after you buy in, will you lose sleep?  And a fellow poster (@littleadv) is whispering to me - ask a pro if the tax on a rental mortgage is still deductible when used for other purposes, e.g. a stock purchase unrelated to the properties.   Last, there are those who suggest that if you want to keep investing in real estate, leverage is fine as long as the numbers work. From the scenario you described, you plan to leverage into an already pretty high (in terms of PE10) and simply magnifying your risk.
"Over-simplification of the problem.  To get a well paying job requires a degree these days.  Not everyone has the money to pay for college without a loan.  Does that mean they shouldn't be able to get a well paying job?  That isn't including production increasing and school prices increasing while wages stagnate, exacerbating the issue.  Real responsibility would include our responsibility to nurture and build a great nation, education, and value for EVERYONE, not just ourselves and those we decide ""deserve"" it."
Do you mean commercial real estate lending or corporate lending?  Sadly private equity is really difficult to get into without an investment banking background.  You will be competing with people who have investment banking backgrounds and also MBAs from top 5 schools.  I have friends at HBS, Wharton, etc and they all told me how difficult it is even for them.  It's not even guaranteed at that level.  Obviously, nothing is impossible but a huge challenge.