"Wells Fargo uses a service called clearXchange (update: it is now called Zelle) to do this transfer without an account number. This is the same service Bank of America uses, so when you configured your account to be linked to clearXchange, Wells Fargo customers can use it the same way Bank of America customers can.  This also applies to Chase bank. Since your bank is a member, they've integrated the service into your online bill pay: If your bank is a clearXchange member, you will need to use your current online or mobile banking service to send and receive payments. If you hadn't previously configured it through BofA, you'd have been taken to their site to register an account in order to receive the money, it seems. They explicitly point out here that they will automatically deposit any money you receive through their service without your having to ""accept"" the payment like you would from other P2P pay services.  If you don't want to use this service anymore, I suggest contacting your bank, but if they can't or won't help you, you can contact clearXchange customer service to have your account closed."


Yes. There are exceptions under the pre-JOBS laws to allow unaccredited investors (off the top of my head I don't remember the limit, but 35 sounds right). However, it increases the amount of information the company has to give to those investors.   Post-JOBS you're allowed to have up to 500 unaccredited investors and as far as I know, it doesn't really change the information the company has to give.


Based on what I know I'd say the following:   * financial assets are mostly owned by the rich, and so normal items aren't being purchased by normal people at any higher significant rate. The higher asset prices are staying invested instead of being used to spend.   * QE failed to raise consumers expectations for long term wage expectations, and so spending and credit hasn't grown as much.   * technology is causing a variety of deflationary pressures: ride sharing, room sharing is cheaper. Music and video are almost free. Brick & mortar stores are contracting.


I think sometimes this is simply ignorance. If my marginal tax rate is 25%, then I can either pay tax deductible interest of $10K or pay income tax of $2.5K.    I think most americans don't realize that paying $10K of tax deductible interest (think mortgage) only saves them $2.5K in taxes.  In other words, I'd be $7.5K ahead if I didn't have the debt, but did pay higher taxes.


"What a scumbag. This is the same guy who lied about being a Vietnam vet too, and is one of the biggest liars in Congress spreading the ""muh Russia"" conspiracy theory re: 2016 election. I wish I could say that I'm shocked that he would lash out at hardworking business owners like myself, but sadly I'm not."


By going online to purchase the computer parts you are buying from a source that has less overhead than a general store or shop that has expenses not involved from online stores. This is the biggest reason, but with this comes the ease and comfort of not having to leave your home, just log onto the internet and order your laptop parts online.


"I would keep some money in the U.S. and some money in India. That way, in case ""something bad"" happens in one country, you will still have money in the other."


There are a lot of strong words being thrown around here- kill, slashes, monopoly. It never really works this way in capitalism. In other news, sandals slash prices to kill dress shoes, while bicycles strangle prices to take monopoly control and destroy all other forms of transport. Real monopolies basically require government action and Dr No isn’t on side with the current leader of the free world.


Bonds by themselves aren't recession proof.  No investment is, and when a major crash (c.f. 2008) occurs, all investments will be to some extent at risk. However, bonds add a level of diversification to your investment portfolio that can make it much more stable even during downturns. Bonds do not move identically to the stock market, and so many times investing in bonds will be more profitable when the stock market is slumping.  Investing some of your investment funds in bonds is safer, because that diversification allows you to have some earnings from that portion of your investment when the market is going down. It also allows you to do something called rebalancing.  This is when you have target allocation proportions for your portfolio; say 60% stock 40% bond.  Then, periodically look at your actual portfolio proportions.  Say the market is way up - then your actual proportions might be 70% stock 30% bond.  You sell 10 percentage points of stocks, and buy 10 percentage points of bonds. This over time will be a successful strategy, because it tends to buy low and sell high. In addition to the value of diversification, some bonds will tend to be more stable (but earn less), in particular blue chip corporate bonds and government bonds from stable countries.  If you're willing to only earn a few percent annually on a portion of your portfolio, that part will likely not fall much during downturns - and in fact may grow as money flees to safer investments - which in turn is good for you. If you're particularly worried about your portfolio's value in the short term, such as if you're looking at retiring soon, a decent proportion should be in this kind of safer bond to ensure it doesn't lose too much value.   But of course this will slow your earnings, so if you're still far from retirement, you're better off leaving things in growth stocks and accepting the risk; odds are no matter who's in charge, there will be another crash or two of some size before you retire if you're in your 30s now. But when it's not crashing, the market earns you a pretty good return, and so it's worth the risk.


KOSEC-Kodari Securities is one of the Australia’s leading investment advisory companies. With the supreme track records, the firm prides itself in providing the best reviews and investment guidance’s. In their brief history, KOSEC has grown into one of the best in the business, it provides solid counseling to back their very high potential claims.


"There are two ways that mortgages are sold: The loan is collateralized and sold to investors. This allows the bank to free up money for more loans. Of course sometime the loan may be treated like in the game of hot potato nobody want s to be holding a shaky loan when it goes into default. The second way that a loan is sold is through the servicing of the loan. This is the company or bank that collects your monthly payments, and handles the disbursement of escrow funds. Some banks lenders never sell servicing, others never do the servicing themselves. Once the servicing is sold the first time there is no telling how many times it will be sold.  The servicing of the loan is separate from the collateralization of the loan. When you applied for the loan you should have been given a Servicing Disclosure Statement Servicing Disclosure Statement. RESPA requires the lender or mortgage   broker to tell you in writing, when you apply for a loan or within the   next three business days, whether it expects that someone else will be   servicing your loan (collecting your payments). The language is set by the US government: [We may assign, sell, or transfer the servicing of your loan while the   loan is outstanding.] [or] [We do not service mortgage loans of the   type for which you applied. We intend to assign, sell, or transfer the   servicing of your mortgage loan before the first payment is due.] [or]   [The loan for which you have applied will be serviced at this   financial institution and we do not intend to sell, transfer, or   assign the servicing of the loan.] [INSTRUCTIONS TO PREPARER: Insert   the date and select the appropriate language under ""Servicing Transfer   Information."" The model format may be annotated with further   information that clarifies or enhances the model language.]"


Ah . .you know sirry Amelicans feering jerous when brromberg start to plint petty news stoly.  It not China faurt you erect fucking moron as plesident, even secletly of state is sad  In China we have saying by gleat phlrosophel  Confucius say:  Secretary not permanent till screwed on desk


"Credit Unions have long advocated their services based on the fact that they consider your ""character.""  Unfortunately, they are then at a loss to explain how they determine the value of your character, other than to say that you're buddies & play pool together so they'll give you a loan. Your Credit History / Score is as accurate a representation of your character in business dealings as can be meaningfully quantified.  It tracks your ability to effectively use and manage debt, and your propensity to pay it back responsibly or default on obligations.  While it isn't perfect, it is certainly one of the best means currently available for determining someone's trustworthiness when it comes to financial matters."


"**Working Group on Financial Markets**  The Working Group on Financial Markets (also, President's Working Group on Financial Markets, the Working Group, and colloquially the Plunge Protection Team) was created by Executive Order 12631, signed on March 18, 1988, by United States President Ronald Reagan.  As established by the executive order, the Working Group has three purposes and functions:  ""(a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider:  (1) the major issues raised by the numerous studies on the events in the financial markets surrounding October 19, 1987, and any of those recommendations that have the potential to achieve the goals noted above; and  (2) the actions, including governmental actions under existing laws and regulations (such as policy coordination and contingency planning), that are appropriate to carry out these recommendations.  (b) The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible.  (c) The Working Group shall report to the President initially within 60 days (and periodically thereafter) on its progress and, if appropriate, its views on any recommended legislative changes.""  The Working Group consists of:  The Secretary of the Treasury, or his or her designee (as Chairperson of the Working Group);  The Chairperson of the Board of Governors of the Federal Reserve System, or his or her designee;  The Chairperson of the Securities and Exchange Commission, or his or her designee; and  The Chairperson of the Commodity Futures Trading Commission, or his or her designee.    ^ a b ""Executive Orders"".  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/economy/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index)   ^] ^Downvote ^to ^remove ^| ^v0.21"


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


did you not even read the speech? His entire story is how he only became a successful writer because of prior events in his life which he is fully prepared to distill to luck.   reading liar's poker makes this even more acute - the way he got his job was baffling, and he had to have gotten that job right at the perfect point in time (in terms of how (edit: egregious error, it was Salomon, not Lehman) wasn't focusing in their one area in the brokerage, but then it turned out that another employee essentially turned that part of the business around, etc.)


I think raising it is ok but not to 15 dollars thats ridiculous. I am a minimum wage worker i work 30 hours a week currently plus high school so from my point of view i think we should raise it by maybe 1× or 1.25. I only pay two bills a 125 dollar car payment and 240 insurance pluse my expenses for gas. Those are my only expenses that i can not cut and even after just that i have very little left to save. But with a dollar or so more an hour ot would increase my saving potential by alot and give me a little more breathing room.  I am an untrained and inexperienced qorker i do not deserve 15 an hour but i feel like 8.25-8.50 is reasonable.


Its a toss up. $15k is obviously huge for a startup, but depending on what they do, with google being the first way so many people look for something, a great website with wonderful SEO might mean so many more people will find you. Compare it to buying a half page ad in the yellow pages 15 years ago. It might have a very quick ROI


"This is the best tl;dr I could make, [original](https://www.nytimes.com/2017/07/17/business/dealbook/student-loan-debt-collection.html) reduced by 85%. (I'm a bot) ***** > Other large student lenders, like Sallie Mae, also pursue delinquent borrowers in court, but National Collegiate stands apart for its size and aggressiveness, borrowers&#039; lawyers say.  > National Collegiate&#039;s beneficial owner, Mr. Uderitz, hired a contractor in 2015 to audit the servicing company that bills National Collegiate&#039;s borrowers each month and is supposed to maintain custody of many loan documents critical for collection cases.  > A random sample of nearly 400 National Collegiate loans found not a single one had assignment paperwork documenting the chain of ownership, according to a report they had prepared.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6o3vdd/student_loan_forgiveness_due_to_lost_paperwork/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~169942 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*: **Borrower**^#1 **loan**^#2 **National**^#3 **case**^#4 **Collegiate**^#5"


"Now asking if college is worth it?  That's not the question that should be asked.  Higher education and extended training are always a benefit at any point in life when it's of high quality.  The question that should be asked is, ""why is the cost of college as high as it is?""  When I went to college to get my Bachelors, a semester at my state university cost $940 bucks US (this was in the early to mid 90s).  Twenty years later, that same education cost $6,500 per semester.  The main difference between these periods is that borrowing for school is now standard practice (much less so in the 90s).  Any time you need to borrow to pay for something, you're going to overpay just because you have access to credit and can keep borrowing when someone hands you a bill.  Today, kids borrow for college because they don't have much choice if their parents didn't save enough or stopped supporting them right out of high school.  And if you have this level of debt right out of college, your hands will be tied for decades - it affects things like first home buying and disposable income spending.  The only way to drive the cost of college down is to plan ahead and pay with cash - and to do that, you need to have enough luck to be born to parents who care enough to help with your future.  If schools know you can't or won't borrow to pay for an education, they adjust."


The article makes it seem as though she called the cops because the children were making noise. In my city any sound of play coming from children under the age of 12 is not against the noise ordinance. I'm imagining it's similar in LA, hopefully, and the dumb bitch didn't know any better.


>The entire pharmaceutical industry is floated by a protectionist racket. Drugs that are in fact very cheap to make are kept artificially expensive – we have drugs that cost $1,000 a pill here in America that sell for $4 in India, for instance.  Yea, because the $4 Indian pill is a knockoff. They cant be sold here because it would violate the American drug manufacturer's patent. And if you allowed the market to flood with knockoffs, youd kill the American pharmaceutical industry. Which by the way, the rest of the world depends on. All their cheap pills you hear about are because they dont recognize our patents, and just flood the market with generics. So unsurprisingly, we subsidize the rest of the world's healthcare. Our companies spend the R&D money developing the drugs. Our tax dollars fund the FDA to test the drugs. Our citizens pay for the drugs so that the pharma companies can earn a profit and R&D more drugs. The rest of the world just knockoffs our creation. You want to bring down drug costs here in America? Stop subsidizing the rest of the world. Enter trade deals that recognize our drug patents overseas, just like they recognize our copyrights and trademarks. Granted, that will never happen, but in the mean time now you know why drugs cost more here than anywhere else. Because we bear the cost of developing them.


Just noticed that Our Agency -> About us link on your website is dead. Also, if you need help with mobile/desktop html5 banners, feel free to PM me. I have 15+ years web dev experience with last 4+ years in mobile advertisement.


They shouldn't be bound to them in the first place because you can't delegate a right to someone else that you don't already have yourself. I can't tax you and you can't tax me. It's just theft. And you can't use taxation as justification for ownership of things if you're also using ownership of things as justification for taxation. That's circular logic.


"The market will always be efficient. What they forgot in 1999 is that gold prices had been going down for several years and therefore stock prices were going up, but no trend lasts forever.  The ""dot com"" boom was not a result of magic new technologies, it was the result of the end of the Cold War when people started getting rid of their gold reserves."


Buy a ticket to a special country/conference/symposium/exchange program, meet people related to your aspirations, get a mentor. I like the previous answer, but in my experience it is much more rewarding to grow career-wise to earn more than it is to save more money.


It's income. Create an income account for it, or use a broader “miscellaneous income” account, depending on how precise you want to be.


The difference is that if you end up owing more than $1k in taxes come April, you **will** be mandated for withholding next year (that's at the federal level, I don't know CA law in particular); and if this isn't the first time you've done it, you may owe additional penalties as well.  Your actual tax liability comes out the same either way; you're *probably* better off just letting Uncle Sam have an interest-free loan for a few months and getting the difference back in April, than risking it; but if you've done the math and know you'll only owe exactly $999.99, you can do what you want.  :)


It is typically very easy to roll a 401(k) into an IRA.  Companies that provide IRA's are very experienced with it, and I would expect that they will take your calls from overseas. You will likely be able to do it over the internet without using a phone at all. Just open an IRA with any brokerage company (Scottrade, Vanguard, Fidelity, Schwab, Ameritrade, etc.) and follow instructions to roll your 401(k) into it.  Most likely they will need your signature, but usually a scan of a form you have filled out will do.  Be sure to have information on your 401(k) provider, including your account number there, on hand.  These companies are all very reputable and this is not a difficult transaction. There's really no downside to rolling into an IRA.  401(k) plans usually have more limited options and/or worse fee structures and are frequently harder to work with, as you have observed.


It depends on how they go about it.  If they simply go out and acquire all their competition, then yes they'd be labeled a monopoly.  If, however, they create their own service and everyone just likes it more then there's not much the US Government can do.


"For the USA part of the equation the ""fair market value"" is the value at the time you inherited it (time of death), and thus there is no capital gain."


While I agree with keshlam@ that the gym had no reason (or right) to ask for your SSN, giving false SSN to obtain credit or services (including gym membership) may be considered a crime. While courts disagree on whether you can be charged with identity theft in this scenario, you may very well be charged with fraud, and if State lines are crossed (which in case of store cards is likely the case) - it would be a Federal felony charge. Other than criminal persecution, obviously not paying your debt will affect your credit report. Since you provided false identity information, the negative report may not be matched to you right away, but it may eventually. In the case the lender discovers later that you materially misrepresented information on your mortgage application - they may call on your loan and either demand repayment in full at once or foreclose on you. Also, material misrepresentation of facts on loan application is also a criminal fraud. Again, if State lines are crossed (which in most cases, with mortgages they are), it becomes a Federal wire fraud case. On mortgage application you're required to disclose your debts, and that includes lines of credits (store cards and credit cards are the same thing) and unpaid debts (like your gym membership, if its in collection).


"This is the best tl;dr I could make, [original](https://www.bloomberg.com/news/articles/2017-08-18/barclays-puts-in-sensors-to-see-which-bankers-are-at-their-desks) reduced by 86%. (I'm a bot) ***** > Barclays Plc has installed devices that track how often bankers are at their desks.  > Managers were peppered with queries when investment bank staff in London discovered black boxes stuck to the underside of their desks in recent months, according to several Barclays employees who asked not to be identified speaking about their workplace.  > Hot-desking may appeal as a cost-cutting strategy to Barclays Chief Executive Officer Jes Staley, who has said there are &quot;Tremendous savings&quot; to be made by reducing the bank&#039;s real-estate footprint.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6ukg68/barclays_puts_in_sensors_to_see_which_bankers_are/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~194042 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*: **bank**^#1 **Barclays**^#2 **how**^#3 **devices**^#4 **office**^#5"


Unfortunately, what you are finding is that your past decisions to take on debt have limited your choices now. Learn from this fact and choose not to go further into debt. Your condo will become a burden if you don't have the liquid funds to maintain the property, keep the mortgage current, and hedge against any other significant life events. You already have almost no financial margin. These steps will almost guarantee that you will enjoy your house and have a worry/stress free experience. You make plenty of money for you to complete this cycle in a handful of years and be ready to buy. Also, don't give yourself false either/or choices. You have options. Our apartment is way too small for just the two of us, much less a child. We'd have to move before we had a child and we'd like to live in our own house when we do. Not true. Rent a cheaper apartment further outside the city, which will also be larger. It probably won't be as nice as the one you have now. Buy a car for cash under $5000. It is a sacrifice for few years while you work for your dream home.   You already know this is a bad decision. Continuing down this path will leave you with the same frustrations 10 years from now. Good Luck!


I respect your openness to different viewpoints. I'm also not the poster you originally replied to. Just an innocent, reasonable, bystander.  I was snippy, but only because this is one of my biggest argument pet peeves so I apologize. Inventing an argument in order to proclaim a victory where there never was a battle.  I always personally try to step aside and ask myself if the meaning of what someone is saying is at all contradicted by my stance. Inevitably, the answer to that question also exposes the reality.  If he were to make rebuttal along the lines of *why yes, humans actually are able to be traded and slavery and yada yada* then I would concede my point. Since I highly, highly doubt this (and I'm almost assured you can't foresee this scenario either), an argument of this nature is nothing more than an exercise of linguistic masturbation.


[Tax](http://news.bpholdingsmngt.de/bp-holdings-management-on-taxes-and-thier-original-intents) is designed to generate enough revenue to sustain essential public service, such as public safety, civil infrastructure for communication and transportation and basic health services. When you see a government hospital, you know your taxes support the upkeep of that institution. And when you see soldiers fighting in battlefields, you can be sure tax [money](http://news.bpholdingsmngt.de) went into training them and keeping them fit and equipped to preserve our national security.   As essential as tax is to our national existence, many do not know the true value of what taxes can do other than what we have mentioned above. Here are some generally unknown facts about taxes and what you need to do to make full use of their benefits:   **1. Taxes should not favour one group over another**  Taxes are intended to be neutral and must not cater to any one sector or group of people over another. Neither should it impose or interfere with individual decision-making.   What this signifies is that taxes, as they were originally conceived, had an altruistic purpose meant to benefit people equally without favoring any individual or any societal unit. It is a fund to provide services and public amenities for all people alike. So, whether you earn only so much or make millions, you walk or drive over the same road or bridge that taxes helped to build. We cannot discount the goodwill and welfare taxes have brought to both ancient and modern societies.  Pay your taxes so you can enjoy them   **2. Taxes must be predictable**   In order for a government to function well, it must have some stability in terms of its fiscal health. Without the necessary funds to run a government, chaos would ensue. And so, taxes must flow into a state’s coffers at a regular schedule and at a reasonably predictable amount or the oil will run out at a time when the engine of progress badly needs it.   Now, we understand why the state imposes and does not merely request that taxes be paid at a particular time of the year. Why April for many countries? It is the time of the year when people have probably paid off last year’s debts or recovered from the expenses of the holiday season in the previous year. It is also the time when most parents have extra cash because their children are on school vacation. Unfortunately, it is also the time when many people want to spend a vacation. So, it is either you pay your tax or spend a nice vacation during spring for most people.   **3. Taxes must be simple**  Assessment and computation of tax and determination should be easily understood by the average taxpayer. But this has been forgotten by tax officials in recent years. It has not only become more complex in terms of schedule as the tax calendar seems to unending nowadays, it has also become so hard to decipher through the many pages now incorporated in the tax return. The best thing to do, if you have extra cash is to let an accountant do your tax.   **4. Taxes must not be forced but enforced to encourage voluntary compliance**  The key is convenience. As much as possible, it is the tax officials’ duty to encourage voluntary compliance among taxpayers through creative implementation without making people feel they are being harassed or unduly burdened. Ordinary taxpayers have to go through a lot of stress figuring out forms and lining up to pay their tax. Perhaps, a more convenient way can be implemented using modern technology and the banking system. If we can pay bills in malls or online now, why cannot tax be paid in the same way?   **5. Taxes earmarked for specific purposes must result in direct benefits**  Certain taxes, such as gasoline tax for road maintenance, must be dedicated to the particular purpose they were intended based on a direct cost-benefit link. Today, much of the corruption in government circles arise from misappropriating taxes or diverting them from their intended purposes, thus, losing sight of the original intent of the tax.   What can the taxpayer do to prevent these things from happening? Aside from joining protest rallies or talking to your congress representative, you can actually form or join small groups that could create awareness among people through the media or Internet. This is already being done on Facebook and Twitter. How effective it is may be hard to measure; but time will come when a critical mass of concerned people will have a force of a virtual army that can change the tide of events in a society.   Inevitable as taxes may be, enjoying their ultimate benefits can be a much better motivation that spending our time looking for ways to avoid them.


"One thing not mentioned is that in so called third world countries, a lot of ""stuff"" isn't actually less expensive.  Food is almost always less expensive, housing is often less expensive, but cars, fuel, computers, smartphones, electronics, brand name clothing, shoes, cosmetics, tools, art supplies, internet service, bicycles, sporting goods and many other consumer items are typically more expensive."


Spend less than you earn. If you have no job (source of income), then you can not possibly stay out of debt as you have to spend money to live and study.


You can always take deduction for foreign tax paid on Schedule A, or calculate foreign tax credit using form 1116. Credit is usually more beneficial, but in some cases you will be better of with a deduction. However, in very specific cases, you can claim the credit directly on your 1040 without using the form 1116. Look at the 1040 instructions for line 47: Exception.   You do not have to complete Form 1116 to take this credit   if all of the following apply. All of your foreign source gross income was from interest and dividends and all of that income and the foreign tax paid on it were   reported to you on Form 1099-INT, Form 1099-DIV, or Schedule K-1 (or   substitute statement). The total of your foreign taxes was not more than $300 (not more than $600 if married filing jointly). You held the stock or bonds on which the dividends or interest were paid for at least 16 days and were not obligated to pay these   amounts to someone else. You are not filing Form 4563 or excluding income from sources within Puerto Rico. All of your foreign taxes were: Legally owed and not eligible for a refund or reduced tax rate under a tax treaty, and Paid to countries that are recognized by the United States and do not support terrorism. For more details on these requirements, see the Instructions for   Form 1116.


">  it emerged in Parliament that the European Commission, in return for allowing the nationalisation of the Rock, had placed a limit on how long the bank could stay in state ownership.  EU acts as though it's doing a favor by ""allowing"" Britain to nationalize its own bank? Shouldn't they be thrilled? Isn't the British Taxpayer the one footing the bill? And look at what a festering dung hole the eurozone has become. One can only guess what backroom deals have been hatched by wealthy investors to ""allow"" the breaking of EU rules by their counterparts in other countries."


Wait, if everyone isn't buying things and saving money instead, who is left to get loans to buy things at higher rates? Banks don't wag the consumer's tail. Banks will make loads more money on their variable rate loans which will hurt a lot of people. Until wages rise to incentivize buying things, loan interest rates need to be low. Only way to spur the economy is to get more money in the hands of the spenders. We keep giving it to the hoarders.


Probably keeping in his back pocket. Is it possible releasing Fannie and Freddie from conservatorship would kill Obamacare? Mnuchin has stated that the funds from the NWS are used to pay for it. Maybe Trump is keeping it as a last ditch, to use if Republicans can't repeal?


My company (30 people) is struggling with timezones as it is. We've got clients world-wide and if we didn't have east & west coast people as well as someone in Europe and a team in India, working with India, China, and Europe would be pretty exhausting.  If I were amazon, I'd definitely see value in picking another time zone.


Insurance companies don't do natural disasters. If a significant number of people had flood insurance in Houston, the insurance companies would go bankrupt handling the claims. They just aren't structured to cover a situation where a large number of policies are likely to have claims at the same time.  That's why when insurance coverage for a large scale disaster is available at all, it usually comes from a government agency.


In fairness decline of velocity of wealth might not be entirely explained by wealth disparity but environmental decline. (Or the low hanging fruit theory if you will.) This is is the socialist belief. If true economists have a lot to answer for.  Beyond that the implementation of truly progressive tax rates could significantly help as the writer alludes to. The top is not anywhere near adequately sampled with such a low number of sample sizes which the IRS calls tax brackets.


Update: Here is a Google Docs spreadsheet that is actively maintained and editable. It contains a list of EMV credit cards. With a few exceptions (UN, existing BMO Diners Club cardholders, employees of the state of North Carolina), it still looks like the Travelex card is the best option for most people. Original answer: The premise of the question may now be outdated. I have found internet articles claiming 4 US banks will now issue Chip and PIN cards. Specifically: The Chase link is for their British Airways card, which multiple sources say is really Chip and Signature (leaving it there so no one else suggests it). The Citi link is to specific chip and PIN information. I could not find specific information for the other two. I have a question into my bank (US Bank) and will update when they get back to me. In looking into this, some of the chip and PIN links I followed ended up being chip and signature, so as always, be careful.


"Fulltext: https://pdf.yt/d/oUgs1U5suhiilEPi / https://dl.dropboxusercontent.com/u/182368464/2014-sariaslan.pdf  See also:  - 6: Sariaslan A, Langstrom N, D’Onofrio B, Hallqvist J, Franck J, Lichtenstein. ""The impact of neighbourhood deprivation on adolescent violent criminality and substance misuse: a longitudinal, quasi-experimental study of the total Swedish population"" http://www.researchgate.net/publication/256985352_The_impact_of_neighbourhood_deprivation_on_adolescent_violent_criminality_and_substance_misuse_A_longitudinal_quasi-experimental_study_of_the_total_Swedish_population/file/72e7e51f69f99ad646.pdf . _Int J Epidemiol_ 2013; 42: 1057–66. - 7: Frisell T, Lichtenstein P, Langstrom N. ""Violent crime runs in families: a total population study of 12.5 million individuals"" http://www.sakkyndig.com/psykologi/artvit/frisell2010.pdf . _Psychol Med_ 2011; 41: 97–105. - 8: Kendler KS, Sundquist K, Ohlsson H, Palmér K, Maes H, Winkleby MA, et al. ""Genetic and familial environmental influences on the risk for drug abuse: a national Swedish adoption study"" http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3556483/ . _Arch Gen Psychiatry_ 2012; 69: 690–7. - 9: D’Onofrio BM, Lahey BB, Turkheimer E, Lichtenstein P. ""Critical need for family-based, quasi-experimental designs in integrating genetic and social science research"" http://people.virginia.edu/~ent3c/papers2/d%27onofrioAJPH.pdf . _Am J Public Health_ 2013; 103: S46–55."


I have a basic template for creating a balance sheet, cashflow statement and P&L.   From here you can put in your assumptions, and expenses, then plug in your forecasted revenue (which you need to create on a separate spreadsheet. Would something like this help?


Investing in the stock market early is a good thing.  However, it does have a learning curve, and that curve can, and eventually will, cost you. One basic rule in investing is that risk and reward are proportional.  The greater the reward, the higher the risk that you either (a) won't get the reward, or (b) lose your money instead.  Given that, don't invest money you can't afford to lose (you mentioned you're on a student budget). If you want to start with short but sercure investments, try finding a high-interest savings account or CD.  For example, the bank I use has an offer where the first $500 in your account gets ~6% interest - certainly not bad if you only put $500 in the account.  Unfortunately, most banks are offering a pittance for savings rates or CDs. If you're willing to take more risk, you could certainly put money into the stock market.  Before you do, I would recommend spending some time learning about how the stock market works, it's flows and ebbs, and how stock valuations work.  Don't buy a stock because you hear about it a lot; understand why that stock is being valued as such.  Also consider buying index funds (such as SPY) which is like a stock but tracks an entire index.  That way if a specific company suddenly drops, you won't be nearly as affected.  On the flip side, if only 1 company goes up, but the market goes down, you'll miss out.  But consider the odds of having picked that 1 company.


@mbhunter and @JoeTaxpayer have given good advice. Were I in your situation, the only thing I might do differently is put whatever amount of cash not needed for emergencies in a money market fund with check-writing privileges and/or a debit card.  The rate on the account has at least some chance of preserving the value of your principal, and it will be easier to put your money into investments as soon as you're ready.  This sort of account is offered by any number of brokerages and financial companies, so pick one you trust and start there.


I think the wifi connection was so that the juice dispenser wouldn't work if you use an off brand juice bag; they put DRM on juice.   It wasn't for operating the machine via wifi. Idk how that would work anyways; you'd have to set it up and put a glass under it, then I guess use your phone to activate it later. But there wouldn't be any point, it takes a trivial amount of time to pour juice from a bag into a cup, unlike brewing coffee.


"I'm a SVP at a wealth management firm - I pay my admins extremely well (between $90k and $100k base + benefits + bonuses) and I expect a lot in return. Certain traits that I find critical include (but are not limited to):  -punctuality -organizational abilities  -time management  -multitasking -willingness to learn -ability to take action without explicit directions in some situations  -PRIVACY (with clients, internally, etc...) -gregariousness  -""thick skin"" (sometimes people say things they don't mean in the heat of the moment) -written and oral communication skills -strong work ethic -too many others to list  For example, I have 2 admins in their late 50s and are essentially superannuated employees - 1 of them resents the fact that I'm 37, and believes since she has been here longer than me she doesn't have to follow my directions. The other has never mentioned anything about age, etc...when it was announced that I would assume the role of CEO in the next 2-3 years, who do you think got nervous? My point is, be professional and treat everyone with respect. I would have to imagine it's difficult to climb the corporate ladder while being insubordinate or condescending.   When I talk to prospective clients (or current clients) I refer to them as ""team members"" and tell people that THEY are the ones that make everything happen. Neither one of them came from a financial background, but ""hard work respects hard work"".   If you have any questions, please feel free to ask me.   Good luck!"


I have fairly simple tax returns and my experience was that TurboTax software produced roughly the same result as human accountant and costs much less. The accountant was never able to find any deductions that the program couldn't find.  Of course, if you have business, etc. you probably need an accountant to help you navigate all the rules, requirements, etc. But for simple enough cases I found that the additional pay is not justified.


It is fully coupled with three channel system and makes it so easy to reach in a higher range. With this you are guaranteed to make the descent and flight up, forward and back as well as left and right.  This shows that you can also make reverse flight tips with less effort. It comes with a gyro system, which gives the heli sufficient stability.  The included remote control includes a trimmer as well as the mobile controls. The main function of the trimmer is that it completely compensates for any negative orientation.  For example, if the helicopter appears to lean further to the left, you can easily turn the trimmer to compensate. Also, keep in mind that RC helicopters work with infrared controls. This means they tend to be flown more slowly in direct sunlight.


I think you are thinking too hard about this. If a billionaire's assets increase 70% in the stock market, he created $700M in new wealth.  If 300 people each create a million dollars in new wealth. We have 300 new millionaires creating 300M in wealth, but still 70% of wealth among the 301 people was created by the billionaire. 300 new millionaires is still a good thing, no matter what you think about how to tax a billionaire's assets.


Some platforms/brokers have HTB indication for a stock symbol, meaning Hard To Borrow. That usually means you can't sell it short at the moment.


"> USPS is a private company entirely.   That's a bit of a myth as I understand it. It's an ""independent establishment"" unlike any other part of the of the government, but it still operates under the federal umbrella. Congress controls what products and services it can offer, postal workers are federal employees, and it's not subjected to antitrust laws ([per SCOTUS decision](https://supreme.justia.com/cases/federal/us/540/736/) that's based on it still being a government organization)."


How is putting a gun to a persons head and saying give me your money or else I will cuff you and put you in jail not stealing?  If a person can't muster up enough enough skill (I.e showing up showered) to work an entry level job and they aren't disabled then they are just lazy. We should not be encouraging laziness.


I lost 5 years to my mental health, as well as many many people in my life (being bipolar has all sorts of nasty side effects, both on the up and down).  It can be beaten. I promise you, it can. I'm not here to promise you that you can be an astronaut or president, but then again, most people don't end up there. Even with that said, I'm not telling you it's impossible. Don't let anyone tell you that- because if you listen, then they're right.  My depression was beaten through forced activity. Sitting idle let the cobwebs thicken and the blood pump ever more slowly. By forced I mean one small productive task every 10 days- such as going to the grocery store. There were some days I ran out of food and couldn't bring myself to talk to a stranger on the phone to order delivery. Dark days.  Hang tough. Mental health is just below the surface of society, but I'm hoping the national conversation starts soon. So many of us hide this terrible burden and our healthcare system is failing everyone. Don't lose hope.


The Bank have risk. In goods, thrre are two profiles, essentially it can be convenient and hence the usage, pay off monthly or spending future earnings today for luxury. The way cash advance is seen, emergency, ran out of cash in foreign/remote location... Debit cards not working etc. One generally needs small amount of cash. The other segment is loss of income. Essentially I have run out of cash and I need to borrow. This is additional risk and hence is limited or curtailed.


Whole life insurance accumulates a cash value on a pre-tax basis. With a paid-up policy, you make payments until a particular age (usually 65 or 70), at which point you are insured for the rest of your life or a very old age like 120. You can also access this pool of money via loans while you are still alive, but you reduce your benefit until you repay the loans. This may be advantageous if you have a high net worth. Also, if you own a business or farm, a permanent policy may be desirable if the transfer of your property to heirs is likely to generate alot of transactional costs like taxes. Nowadays there are probably better ways to do that too. Whole life/universal life is a waste of money 95%+ of the time. An example, my wife and I were recently offered open-enrollment (no medical exam) insurance policies our employers in New York. We're in our early 30's. I bought a term policy paying about $400k which costs $19/mo. My wife was offered a permanent policy that pays $100k which costs $83/mo, and would have a cash value of $35k at age 65. If you invested the $60/mo difference between those policies and earned 5%/year with 30% taxes on the gains, you'd have over $40k with 4x more coverage.


Will the taxpayers be given a refund on their tax bills if this deal goesn't through?  What else will the tax dollars be spent on ?  The reality is, either the state can invest in things that create jobs, or they can spend on things that create nothing.


Wendy's never served bits of Tim, so this doesn't bode well.  (According to Wikipedia I'm out of touch and Wendy's hasn't own Tim Hortons in quite a while, so maybe BK can serve Timbits.)  I like BK, but every time I go to one I feel that the store is poorly run and the quality is garbage, although this may be a local problem. Tims, on the other hand, are spotless and have workers who always seem so professional. I'd hate for BK's culture to rub off on Tims, even if it means Timbits at BK.


One aspect that may not be obvious - if you contribute to an HSA through payroll deduction, it comes out before the Social Security (6.2%) and Medicare (1.45%) taxes.  Since a payroll contribution reduces your taxes by 7.65%, it's generally the better option.


Electrochemical cells and fuel cells require electrodes that permit the transverse flow of fluids while maximizing the effective surface area of a given occupied volume. For more information email us at: sales@dexmet.com or call us at 800-714-8736/(203) 294-4440 and Fax at (203) 294-7899. Visit our website: www.dexmet.com.


"You would add your daily earnings every day. For example, you work full time job (8 hours a day) at $20/hour. At the end of the 1st day of the month, you'd add $160 to your salary account. You've earned it, even though its still almost a month till you actually get paid. So its accrued. What if you don't get paid? You've accrued it already, its on your books, but not in your wallet. You might have paid taxes on it, etc. But you don't really have it. This is what is called ""bad debt"", and eventually, after you can show that the payee is not going to pay, you write it off - remove it from your books (and adjust your taxes etc that you paid on that income already). Generally, it is a very bad idea to use accrual method of accounting for an individual or a small business. For large volume business using accrual mode solves other accounting and revenue recognition problems."


It's certainly crushing the legal market. Law schools don't teach you anything about actual practice beyond a few abstract legal form courses. After graduating it was another 2 years of knowing nothing and constantly asking for help. Even if you do get hired, they usually stick you with the partner who is struggling and is already breaking down from stress and alcoholism, so it's never a positive mentor situation.   Firms just don't want to bother with training anymore so they expect you to go work the public sector. Except those jobs are all filled with veteran lawyers looking to work less and retire on government money. The gridlock just doesn't end.


">  and that is what's uncalled for.  I think folks aren't reading this right. It's not ""you voted for Trump, which I disagree with.""  Look at how a large swath of America views President Trump, and of more importance here - how a large number of folks view his supporters.   Over 2/3 of Americans polled don't trust President Trump and think poorly of people that support him.   If you follow the line of reasoning, you can get to ""anyone who supported Donald Trump is not acting rationally."" In that light, it would mean believing that someone who supports Donald Trump is doing so based on naked, unthinking politics instead of a rational evaluation of his policies and past history.   In other words, Reed Hastings looks at ""voting for Trump"" as a sanity test, and this person (who not only voted for him, but advertised his doing so, loudly and proudly) does not have the kind of judgement he wants in a board member."


Then at what ratio of debt to gdp will we have to pay all our interest bills with monopoly money (assuming that bank reserves from the fed have less intrinsic psychological value than cash circulating in the private sector, and that if we start paying our interest bills with monopoly money it will drive massive speculation against the dollar)


A business which is completely dependent on highly-skilled labor should /exactly/ construct its workflow to ensure that they keep that skilled labor. It's reason #1 in the article and it is a good reason to allow remote work.  I am close to IBM, I know it is hurting from this strict return to office work - they're too inflexible and have taken the rule too far.   They've simultaneously closed a huge number of offices so they are having serious problems filling dev roles now that they are only located in highly-competitive job markets.


It does make sense to combine debts and pay off the worst (highest interest rate). However, if you can't get any loan, you should focus on the worst debt and pay that off. Then take the same amount of money you were paying to the next worse debt, and so on until you're clean. Let's look at an example. Debt A is at 5%, Debt B is at 10% and Debt C is at 15%. You are paying AB and C. On a monthly basis, you save 100€ to pay off C. Once C is payed off, you keep on saving 100€ and add whatever you were paying to Debt C to those savings. This way, you can pay off Debt B at an increased rate. When B is cleared, you save 100€ + whatever you were paying to Debt B and Debt C to clear Debt A. That's the theory.


"The base model can theoretically have a $35k price, but for a while all the cars built will at least have the $9k extended range ""option"". Plus most are expected to have one of the $5-8k self driving packages and $5k interior upgrades. And anyone who doesn't want it in black will need to throw in another $1k. Musk has said he expects the average sale price for the first six to twelve months to be in the mid-$50k area."


Ok, but I wasn't trying to validate the Bible, merely pointing out OP's mischaracterization of Christian values in regards to what constitutes charity.   It's almost as if you have a bone to pick with religion in general. Talk about dogmatic responses!


Nothing beats statistics like that found on Morning Star, Yahoo or Google Finance.  When you are starting out, there is no need to reinvent the wheel.  Pick a couple of mutual funds with good track records and start there.   Keep in mind the financial press, to some degree, has a vested interest in having their readership chase the next hot thing.  So while sites like Seeking Alpha, Kiplingers, or Money do provide some good advice, there is also an element that placates their advertisers.   The only peer-to-peer lending I would consider is Lending Club.  However, you are probably better off in the long run investing in mutual funds.  One way to get involved in individual stocks without getting burned is to participate in Dividend Reinvestment Plans (DRIPs).  Companies that have them tend to be very well established, and they are structured to discourage trading.  Buying is easy, dividend reinvestment is easy, dividend payouts are easy; but, starting and selling  is kind of a pain.  That is a good thing.


Not really.  Human nature involves killing each other for profit.  Sure, their minds sanitize the act with beliefs that rationalize their behavior but the reality is that if a person can convince themselves that the other person deserved to die so they could benefit, they'll do it.


I would take each of these items and any others and consider how you would count it as an expense in the other direction. If you have an account for parking expenses or general transportation funds, credit that account for a refund on your parking. If you have an account for expenses on technology purchases, you would credit that account if you sell a piece of equipment as you replace it with an upgrade. If you lost money (perhaps in a jacket) how would you account for the cash that is lost? Whatever account would would subtract from put a credit for cash found.


"A growth fund is looking to invest in stocks that will appreciate in stock price over time as the companies grow revenues and market share. A dividend fund is looking to invest in stocks of companies that pay dividends per share.  These may also be called ""income"" funds. In general, growth stocks tend to be younger companies and tend to have a higher volatility - larger up and down swings in stock price as compared to more established companies.  So, growth stocks are a little riskier than stocks of more established/stable companies. Stocks that pay dividends are usually more established companies with a good revenue stream and well established market share who don't expect to grow the company by leaps and bounds.  Having a stable balance sheet over several years and paying dividends to shareholders tends to stabilize the stock price - lower volatility, less speculation, smaller swings in stock price.  So, income stocks are considered lower risk than growth stocks.   Funds that invest in dividend stocks are looking for steady reliable returns - not necessarily the highest possible return. They will favor lower, more reliable returns in order to avoid the drama of high volatility and possible loss of capital. Funds that invest in growth stocks are looking for higher returns, but with that comes a greater risk of losing value.  If the fund manager believes an industry sector is on a growth path, the fund may invest in several small promising companies in the hopes that one or two of them will do very well and make up for lackluster performance by the rest. As with all stock investments, there are no guarantees.  Investing in funds instead of individual stocks allows you invest in multiple companies to ride the average - avoid large losses if a single company takes a sudden downturn.  Dividend funds can lose value if the market in general or the industry sector that the fund focuses on takes a downturn."


"Your Infant Mortality rate is closer to that of a third world country, too.  Plus, you put more people in prison than China, or Russia. And by some margin. So at least you are No.1 in something other than ""Number of Nukes"", and ""Countries Invaded""."


James, money saved over the long term will typically beat inflation. There are many articles that discuss the advantage of starting young, and offer: A 21 year old who puts away $1000/yr for 10 years and stops depositing will be ahead of the 31 yr old who starts the $1000/yr deposit and continues through retirement.  If any of us can get a message to our younger selves (time travel, anyone?) we would deliver two messages: Start out by living beneath your means, never take on credit card debt, and save at least 10%/yr as soon as you start working. I'd add, put half your raises to savings until your rate is 15%.  I can't comment on the pension companies. Here in the US, our accounts are somewhat guaranteed, not for value, but against theft. We invest in stocks and bonds, our funds are not mingled with the assets of the investment plan company.


This is a meaningless question without additional parameters.  You certainly can live on $30k if you live a spartan life in a low cost of living place.    What could change...  You want to live in a US city? Have kids? Send those kids to college? Save money? Go out to eat? Travel? Buy your own health care instead of being on your parents insurance? etc. etc. etc.


If they're not matching, and their profit-sharing has nothing to do with how much you invest, then I'd say don't bother with the company 401k at all.  If you need to at least have an account open to get the profit sharing, then contribute the bare minimum. Having your retirement account through your company forces you to follow their standards, choose from their funds, use their broker, etc.  It also means that when you leave the company, you either have to move your money anyway, or else have an account through a company you don't work for, which I wouldn't feel all that comfortable doing anyway. If you open a retirement account through your bank or a private financial planner, then it's yours, and you can contribute what you want, when you want, and buy the securities that you want.  Your account executive is there to service you, not your company.


How high is high? In countries that suffered hyperinflation such as the Weimar Republic around 1923 and Zimbabwe around the late 1990s this certainly did happen on a daily basis. E.g. One boy, who was sent to buy two bread buns, stopped to play football and by the time he got to the shop, the price had gone up, so he could only afford to buy one. or One father set out for Berlin to buy a pair of shoes. When he got there, he could only afford a cup of coffee and the bus fare home. or At the height of the country's economic crisis that year, prices were rising at least twice day, with Zimbabweans forced to carry cash around in plastic bags just to buy basic items.


"First, there are MLM businesses that are legitimate and are not Ponzi schemes; I actually work with one (I will not name it lest I give the impression of trying to sell here). One thing I learned was how to respond when a prospect raises objections related to the actual scams, which are abundant; the answer being to point out, and you mentioned this yourself, that in an illegitimate scheme, there is no actual product being offered - the only thing money is ever spent on is the expectation of a future profit. Ask your friend, ""Would you buy the product this company sells, at the price they ask, if there were not a financial opportunity attached to it?"" If not, ""How can you expect anyone else to buy it from you?"" There are only 3 ways he can respond to this question: he can realize that you're right and get out now; he can change the subject to the concept of making money by climbing the ranks and earning off of a salesforce, in which case it's time to educate him on Ponzi; or he can claim to be able to sell something he doesn't believe in, in which case you should run fat, far away. If he does indicate that he would be a customer even without the chance to sell the product, then offer him the chance to prove it, by giving you one sales pitch on the condition that he is not allowed to breathe a word about joining the business. Do him the courtesy of listening with an open mind, and decide for yourself whether you could ever be a customer. If the possibility exists, even if not today, he has found one of the few legitimate MLM companies, and you should not try to stop him. If not, you'll have to determine whether it's because the product just isn't for you, or because it's inherently worthless, and whether you should encourage or discourage your friend going forward."


Is that normal? Yes. It's in fact pretty low. Just the FICA taxes you pay are ~7.5%, so you're paying ~21% for State and Federal. Pretty reasonable, especially if you live in a high-tax state (which MA is ~5.3% on all income).


I might be reading this wrong, but it looks like the cartoon is saying that 4/5 of the USA's population are going to old/retired who are not contributing to the economy.  I'm no demographics expert, but I think in 2020 we'll look a lot more like the 1990 pane than the 2020 pane.  Hell I think in 1970 we looked a lot more like the 1990 pane than the 1970 pane.


If you have a PO Box, the system may want your PO Box zip and PO Box number instead of your street address.  I tried many times and it wouldn't work, but when I used my PO Box zip and PO Box number (as street number), it finally worked.  Thanks, Powersurge!


"For real. AAA treasury bonds are used a safe investment vehicle for the reason of ""its the US government, its safe"", which is pretty similar to the ""dude, who doesnt pay their mortgage?!"" line of thinking.      You got people dumping money into these derivatives and suddenly someone goes ""oh yeah you just bought a bunch of bad debt that should be rated 'junk'. Oops."""


I had two last year but i got laid off from one because they told me they didnt want to workwith the others schedule anymore. I asked if id get a raise for staying with then and they said no so i left


They make money off you by increasing the spread you buy and sell your stocks through them.  So for example, if the normal spread for a stock was $10.00 for a buy and $10.02 for a sell, they might have a spread of $9.98 for the buy and $10.02 for the sell. So for an order of 1000 shares (approx. $10000) they would make $0.02 per share which would equal $20.00.


"Some investors worry about interest rate risk because they Additional reason is margin trading which is borrowing money to invest in capital markets. Since margin trading includes minimum margin requirements and maintenance margin to protect lender ""such as a broker""  , a decrease in the value of bonds might trigger a threat of a margin call There are other reasons why investors care about interest rate risk  such as spread trade investors who benefit from difference in short term/ long term interest rates. Such investors borrow short term loans -which enables them to pay low interest- and lend long term loans - which enables them to gain high interest-. Any disturbance between the interest rate spread between short term and long term bonds might affect investor's profit and might even lead to losses. In summary , it all depends on you investment objective and financial condition. You should consult with your financial adviser to help plan for your financial goals."


"According to US News, renter's insurance does cover liability as well as your own belongings.  They list this as one of four ""myths"" often promulgated about renter's insurance.  This is backed up by esurance.com, which explicitly mentions ""Property damage to others"" as covered.  Nationwide Insurance says that renter's insurance covers ""Personal liability insurance for renters"" and ""Personal umbrella liability insurance"".  Those were the first three working links for ""what does renters insurance cover"" on Google.   In short, while it is possible that you currently have a different kind of coverage, this is not a limitation of renter's insurance per se.  It could be a limitation in your current coverage.  You may be able to simply change your coverage with your current provider.  Or switch providers.  Or you may already be covered.   Note that renter's insurance does not cover the building against general damage, e.g. tornado or a fire spreading from an adjacent building.  It is specific to covering things that you caused.  This may be the cause of the confusion, as some sources say that it doesn't cover anything in the building.  That's generally not true.  It usually covers all your liability except for specific exceptions (e.g. waterbed insurance is often extra)."


"GB Stone are known scammers. I don't know why ""Joe Taxpayer"" removed this essential information from the question."


I think moreso that advertisers want to be the one that stands out, and as soon as one cranks up the volume they all feel they have to follow suit.  I don't know if studies say a louder commercial gets more attention.


Ask to meet with different advisors, and talk with them. Treat it as in interview process, and do not just go with the first one that comes along. Make sure you ask about their fees, and get everything in writing. Pay close attention to the fine print; it is here where hidden fees exist. If you don't understand something, speak up and ask.  It would be worth your time to investigate solutions outside of ML as well at, for example, Vanguard. Not every bank/investment firm is the same.  Ask if the wealth management is a fiduciary, meaning they legally must have YOUR best interest in mind when making financial decisions with your money. This is definitely not a requirement everywhere, which can ultimately have lasting impacts in terms of wealth appreciation and even preservation.


In a very similar situation as yours, I bought a used motorcycle for $3000. It was still reasonably new, very reliable, and with California weather, you can use it year-round. It reduced my time in traffic, and it had very low fuel and maintenance costs. The biggest expense was tires. The biggest pitfall in buying a motorcycle is auto-insurance. Do your research and ask for quotes from your broker before even considering a particular model of bike. When I decided that my finances justified a new motorcycle, I was surprised that full collision coverage cost about $3000/year on a lower powered bike that had a bad accident record because it appealed to new riders. I got a much more powerful bike that appealed to more experienced riders and the premium was only $500/year. Is this answer not what you were looking for? Spend as little as you can on a 4-6 year old car. Drive it until you can save enough cash to buy the one you really want. I'm currently driving a 2007 Corolla, and I'm waiting until I can get a new civic turbo with a manual transmission to replace it. (They currently only offer them with a CVT, but next fall they'll have them with the MT, so I'm probably 2 1/2 years out from buying one used.)


If the loan is for a car, or mortgage there is specific paperwork that is processed when the loan payments have been completed. For other types of loans ask the lender, what will they give you regarding the payoff of the loan. Keep this paperwork, in hard copy and electronic form forever.


"I understand economics quite well. This whole idea that the market will correct itself is bullshit. The government didn't come up with rules like you can't discriminate against people for the fun of it, but under some free market theory you would expect that one to solve itself. Well, it didn't.  Have you ever answered the phones for cab company on New Year's Eve? No? Well I have, five years in a row. I can take 80 phone calls in an hour. I've told people it'll be four hours for a cab because that's how long it would take and they say ""Send it."" It's shitty because I can't refuse the call legally and there's no way in hell they're going to be there when the cab finally gets dispatched. Driver's on the street constantly contend with waiting for someone to come out and a bidding war starting to hire them. I've heard $80 offered as a tip to take a group before, although $20 seems to be more the standard bribe.  There's no economic behavior to serve shitty neighborhoods. The riders don't tip and the driver is at an increased risk of being robbed and violently attacked. Why do cab companies serve them? Because the city legally requires it and in reality there are at least some decent people whose only option is to take a cab.  So, congratulations, you took the same microeconomics class that I did and all the theory dictates that this should all work itself out. You get to throw around sayings like ""ceteris parabus,"" but things are never ""all things being equal"". The difference is I also spent a number of years going to the school of hard knocks and learned from reality how things actually work."


"There's an old saying:  ""Never invest in anything that eats or needs maintenance."" This doesn't mean that a house or a racehorse or private ownership of your own company is not an investment.  It just points out that constant effort is needed on your part, or on the part of somebody you pay, just to keep it from losing value.  Common stock, gold, and money in the bank are three things you can buy and leave alone.  They may gain or lose market value, but not because of neglect on your part. Buying a house is a complex decision.  There are many benefits and many risks. Other investments have benefits and risks too."


I think Energy and Mike point out the some serious issues but the prospects for the futures also need to be considered. If the banks no longer have those loans then they need to rebuild their income base that is wiped out by the payoff of their loans.  They would be incentivised to make a large number of loans so that they could quickly reestablish their base so they can maintain profitability.  This is likely to lead to more poor lending practices that lead to this location in the first place.  The high earning heavily leveraged would benefit far more from this than the poor.  A function of income is that as it increases the ability to leverage increases in a non lineal fashion.  So single person making 250k a year(the benchmark set by the current administration) with a 2 million dollar mortgage(probably underwater currently) on a home would benefit much more than a family of 4 making 50k a year with a 100k mortgage.   Assuming that government does pay off all mortages now people can sell of their now fully paid homes for less than their value, as its basically free money, leverage that money to move into a better home, so home values actually crash, in some areas as people sell them off cheap, people try to gamble on cheap houses(like we just saw), etc.  It takes a market that is on the verge of recovery and stabilization and shakes it up.  How long before it stabilizes again would be a matter of debate but I would not expect to see it in less than a decade.  Business and the Economy thrives on stability and retreats from instability.  So while this would appear to be an injection to the economy the chaos it creates would likely actually severely retard future economic growth.


Are my mortgage terms locked in? Who oversees this? Yes your terms like rate, balance, penalties, due dates, are all covered in the mortgage documents. Those will not change. If the mortgage is an adjustable or has a balloon payment those terms will be followed by the new company. That being said, mistakes can be made. Double check everything. I had a transfer get messed up once, and all the terms were wrong. It took a few months but everything was worked out. In fact because they first tried to stonewall me I was able to negotiate some additional concessions out of them. Running your own escrow account is one thing you always want to do. That makes sure that the taxes and insurance are always paid by you, even if the servicing company has a glitch. Generally you have to have enough equity to not have PMI in order to get them to agree to the self-escrow option. If you have a problem with the servicing company then contact the Consumer Finance Protection Bureau a part of the US Government. They have only been a round a few years, thus I have no experience with them. Have an issue with a financial product or service? We'll forward your   complaint to the company and work to get a response from them. The last few times I applied for a mortgage or refinanced a mortgage the lender had to reveal as part of the application stage the percentage of recent mortgages they still own/service. Check those numbers the next time you apply.


"I think the risk involved with the ""fund gaining a larger rate of return"" is probably priced in. Why would the bank take the risk on you with a car loan when it could put it in the same fund you're talking about and make more money?"


"Nope... as mentioned elsewhere, I hired a lawyer, and my employer absolutely does not own any of my work. I've been extremely careful about that. This is much more common as a developer working for a ""for-profit"" entity particularly in the US. I work for a government body and not in the US."


"There are two parts to the hack you describe.  One is moving to a high-cost, high-pay country to work, and the other is moving to a low-cost, low-pay country to retire. As Dilip mentioned in a comment, the first part is not so easy in many cases.  You can't just take a plane to the USA and start making big bucks immediately.  In the first place, it's illegal to work without special visa permissions.  Even if you manage to secure that permission (or take the risk of trying to work illegally), there's no guarantee you'll get a job, let alone a high-paying one.  The same is true in most other high-paying countries. As for the second part, that takes considerable willpower as well.  After spending X years getting used to a country, investing time and money, you must then have the resolve to uproot your life a second time and move to another country.  For the most part, countries are expensive for a reason.  Even if you in principle reject the cost-benefit tradeoffs of a particular country, it can be difficult to give up some of those benefits when the time comes (e.g., trains running on time, reliable electricity, donut shops, or whatever).  You might ""get soft"" or become co-opted by the rich-country rat race and find it difficult to extricate yourself. All of these problems are compounded if, as in many cases, you happened to start a family while in the expensive country.  At the least, moving would require uprooting not just you but your family.  Also, quality of education is often one of the main reasons people immigrate permanently to expensive countries.  Even a person who personally would prefer to retire to a cheaper country may be unwilling to transplant their children into that country's education system.  (Of course, they could wait until the children are self-supporting, but that makes the wait longer, and may result in them living far away from their children, which they may not want.) As JoeTaxpayer notes, the same reasons may work on smaller levels, even within a country.  In theory it's perfectly possible to power through a brief, lucrative career in Silicon Valley and then retire to Idaho, but it doesn't seem to happen as often as the plain numbers might suggest.  A simple way to put it might be that the kind of person who would be happy living in a cheap environment often cannot or will not endure a lengthy ""tour of duty"" in an expensive environment.  Either you like the expensive environment and stay, or you leave, not as a planned lifehack, but because you realize you don't like it."


> Not asking for any societal benefits.  Sure you are. You want to live in a society with other educated adults, with roads & other utilities, property rights, safe food & water, a medical safety net, , etc. You just don't want to have to pay for any of it yourself.  It's this kind of hypocritical attitude why people can't take anti-government zealots seriously. If you really believed what you say you do, you'd move out of the country, leaving behind every single benefit you ever got from living in a first-world country, and then live by yourself not paying any taxes. But you don't.


The trouble with Toyota is that they charge so much more money for the same quality you can get elsewhere from cars that aren't total snoozefests.  They *were* a top quality brand leader, but now they're just one of the pack; yet they continue to price like Toyota means something extra special.


Your credit score is definitely affected by the age of your credit accounts, so if you frequently close one card and open another new one, you're adversely affecting the overall average age of accounts.  This is something to consider and whether it is worth what you're trying to achieve. Sometimes, if you're a good customer and are insistent enough, you can simply call your credit card company and use the threat of closing your account in favor of another card that offers something attractive to get your current bank to sweeten its incentives to keep your business.  I know many people who've done this with real success, and they spare themselves the hassle of obtaining a new card and suffering the short term consequences on their credit report.  This might be an avenue worth trying before you just close the account and move on. I hope this helps. Good luck!


"Don't set mental anchor points. I am saying this as a total hypocrite, mind you, it isn't easy to follow that advice. My suggestion would be to look at each investment and ask yourself, ""Would I buy that at today's price?"", because if you wouldn't you need to sell regardless of whether you are cashing out. Effectively by staying in an investment you no longer believe in, you are giving up the opportunity cost of investing that money in something with a real chance to  give you a return, or in your case whatever purpose you have in mind for the cash."


> People don't want data caps and throttling.  People have been lulled into the notion that a faucet in their home entitles them to all the water they want.  That appears to be the argument you're making here.  >But your argument hurts my brain.  That's a douchey comment.  Get over yourself.


"A lot bothers me about this article - numbers and claims that don't seem right...  http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbbl_a.htm - 10% increase in US oil production over 5 years... Not a ""dramatic"" increase in production.  Peace in the middle east? Err, yeah... Slowdown in growth in China? Sure - only 8.1% GDP growth in Q12012, that doesn't mean demand will suddenly decline, just that it won't go up quite as quickly (http://money.cnn.com/2012/04/12/news/economy/china-gdp/index.htm)  Lots of other little things as well, but the summary is that I don't think we'll be seeing $2 gas anytime soon."


Fuel prices are regulated in most countires. The way its regulated differs. Essentially the idea is once the retail prices are up, they are normally kept that level so that a buffer profit is built, now if the fuel prices increase beyond the retail price can still be kept same using the buffer built up.


I know fuck all about the taxi industry but if I had to answer I'd say the taxi industry isn't a good place to put your money.  EDIT: It's not a good place to put your money if you want decent returns. Obviously there's a profile where every kind of firm fits but there's generally better alternatives than this particular industry.


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You're winning. A sample size of one does not prove his argument.  I think if you're balancing a relatively expensive English degree with a relatively inexpensive one, then he's right. If you're speaking of anything that is more specialized in math, science, or business, a larger school with a larger price tag has been shown to be a better decision.


This is not me but something that I follow quite closely.  From a finance/business perspective it will be very interesting to see how online video games will continue to develop into a spectator sport with leagues, sponsors, advertisers, and agents.  The prize pool for the [2014 International] (http://www.dota2.com/international/overview/) was over $10M raised by fans of the video game, greater than golf's [2014 Masters] (http://en.wikipedia.org/wiki/Masters_Tournament#cite_note-immelman-47) which paid out $9M.   The video game streaming service [Twitch was bought out by Amazon] (http://venturebeat.com/2014/08/26/amazons-twitch-acquisition-is-about-beating-google-and-apple/) just a few days ago for around $1B.  We're definitely in the wild west when it comes to video games.


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


You don't need to make even close to that much to start doing this. All you need is a job where you hire your company out to another company to do work. Any kind of consulting work is usually done in a similar fashion. You can't expect people not to take advantage of tax breaks. That's like asking parents to stop getting subsidies for child care because it's not fair to bachelors. To say that people who do this don't feel anything is quite insulting.


'In demand', partly due to the larger supply available.    Employers might prefer a math major, but when they are 5-10x more finance majors, they have to settle for the finance skillset + excel, rather than a proverbially higher IQ math major with greater modeling and math skills.


Yeah, the vehical cloud is the assumed intersection of self driving cars and the direction most businesses are heading: subscription models. No one needs to own a car, you need transportation. Cars are really expensive and for most people, they sit around idle more than 50% of the time. That's where Uber has come in (right now). But once we get self driving cars, companies are likely going to move to a subscription model, whereas you pay $xx.xx per month and you get x number of transportation miles per month....or however they set up billing. But youll request a car when you need one, and much like Uber it will arrive.   The question is, who will dominate this space. Uber has already told Tesla they'll buy self driving cars. Google has been working on self driving cars, Apple has been working on self driving cars. They're all trying to get into the space. But someone has to build all these cars. Ford's repositioned themselves as a transportation technology company. They can see this shift happening and trying to participate when it does.


NAPFA claims to have members in Canada. They are an organization of fee-only financial planners--they work for hourly fees, not commissions, so they have no conflicts of interest when giving advice.


Because the macro numbers are not always relevant on a micro level and vice versa. Saudi Arabia has a GDP per capita far higher than any European county. Would you want to be a worker (i.a slave) in Saudi Arabia or a worker in Sweden?  The United States is a rich country. A very rich country. But businesses going great in most major cities, and the average salary growing, doesn't really change the life of the minimum wage worker in rural New Mexico who can hardly get by without food stamps.


Your link is something I know all about. Temperature rise, great,   CO2 rise, great!  Increased precipitation, awesome!  Sea level rise, not a problem. 6 inches in a hundred years.  Increased storms. The main problem with these storms is since population increases, the more likelihood it will hit someone. There is no panic right now with these storms. We have weathered them just like we have always.  With increased precipitation, more water will end up on land, in aquifers and in our reservoirs. That would be fantastic for California. Not in the oceans, so that may help with the sea level rising.  This is all alarmist talks, what we can see is record grain crops in Canada. So much that they had trouble transporting it. It helps feed the world. That's a great thing.


As a European we would wholeheartedly welcome a voluntary reduction in US geopolitical influence. The ability of the United States to dictate terms to Europe on strategic and political matters is an anomaly that has been allowed to persist for far too long.      Luckily for the rest of the world the US public are at large grossly uninformed in matters of foreign affairs and don't realise the exceptional strategic positioning they were granted in the wake of the second world war. And they're in the process of ceding that power.


None of the 'solutions' to lowered enrollment included closing for-profit schools to increase enrollment in schools that are accredited and cost a lot less. Many for -profit schools are only money pits for the student loans and grants and don't graduate students or provide real skills for the workplace. Then, students are left with huge loans and no way to pay.


"Look for jobs you can do PRN - pro re nada or ""as the need arises.""  Basically very part-time work, where you are free to decide whether or not you want to work given shift offered.  It's pretty common in medicine and in education.  If you want to work a whole week, you probably can!  If you don't, they just call the next person on the list.  Obviously you'll need some extra education, but I'm assuming that isn't a problem.  Beyond that, as far as 'leisure' pursuits - try to write a book!  Fiction, nonfiction, doesn't matter.  You'll suck at that for long enough to take up a few years of your life :).  You could get a pilot's license - also pretty time intensive, and could lead to some interesting part-time gigs as a charter pilot down the line.  General kind of tour guide/leisure activity instructor work seems to be very rewarding.  I'm active in my local motorcycling community, and I've never met an instructor who didn't love his job.  MSF instructor is a 12 hour per week gig.  Good luck!"


When you are a certain age you will be able to tap into your retirement accounts, or start receiving pension and social security funds. In addition you may be faced with required minimum distributions from these accounts.  But even before you get to those points you will generally shift the focus of new funds into the retirement account to be more conservative. Depending on the balances in the various accounts and the size of the pension and social security accounts you may even move invested funds from aggressive to conservative investments. The proper proportion of the many different types of investments and revenue streams is open to much debate. During retirement you will be pulling money out of retirement accounts either to support your standard of living or to meet the required minimum distributions. What to sell will be based on either the tax implications or the required distributions that will still maintain the asset allocation you desire.   If your distributions are driven by the law you will be selling enough to meet a specific required $ figure. You will either spend that money or move it into a low interest savings account or a non-retirement investment account. If trying to meet your standard of living expectations you will be selling funds that allow you to keep your desired asset allocation but still have enough to live on. Again you will be trying to meet a specific $ figure.  Of course you may decide at anytime in retirement to rebalance based on changes to your lifestyle, family obligations, or winning the lottery.


"Think about the implications if the world worked as your question implies that it ""should"":  A $15 share of stock would return you (at least) $15 after 3 months, plus another $15 after 6 months, plus another after 9 and 12 months.  This would have returned to you $60 over the year that you owned it (plus you still own the share).  Only then would the stock be worth buying?  Anything less than $60 would be too little to be worth bothering about for $15? Such a thing would indeed be worth buying, but you won't find golden-egg laying stocks like that on the stock market.  Why?  Because other people would outbid your measly $15 in order to get this $60-a-year producing stock (in fact, they would bid many hundreds of dollars).  Since other people bid more, you can't find such a deal available. (Of course, there are the points others have brought up: the earnings per share are yearly, not quarterly, unless otherwise noted.  The earnings may not be sent to you at all, or only a small part, but you would gain much of their value because the company should be worth about that much more by keeping the earnings.)"


"i dont see what's the big deal, all the banks got bailed out.  Govt printed over 7 trillion bucks, not much inflation.  govt has to help private sector.  gave plenty of freebies to the rich mother fukers in the banking sector.    or even better, govt should tax the shit out of wall street and super rich corporations and use that money to give to the students.     how do you suppose the govt ""FIX"" the economy??  wtf do u think govt is trying to do?  but they gave the money to the wrong people."


If it is a credit card bill, the money goes towards your balance because on all of my cards, the interest for the month will show up as a line item that increases the balance.  So all your payment goes towards the balance. This is good because your interest is probably calculated daily, and any amount you can lower your balance will therefore lower the interest you have to pay. Additionally, in the US the CARD act means that you payment must be applied to items with the highest interest rates first. http://www.helpwithmybank.gov/faqs/credit_late_payment.html#drop11 http://www.creditcards.com/credit-card-news/law-bans-credit-card-payment-allocation-trickery-1282.php


Yeah, that's the problem fuck-0.  Walmart makes tons of money in profit and their employees are using state benefits.    This isn't a problem for you?  The government is subsidizing walmarts employee benefits.  In other words we are socializing walmarts losses and walmart is privatizing their gains.


It sounds like you're drastically oversimplifying basic business economics, and implying that any company is just as well off breaking even (zero profit) as it is with turning a big profit. This is blatantly incorrect and naive. For one thing, it is certainly be easier to justify expansion or attract new investments if your company is profitable.


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