"Sorry in advance, but this will be long.  Also, it sounds like your friend is a tool. I hope this ""friend"" is not also your financial advisor... they would be encouraging you to make a very poor investment decision. They also don't know how to do financial math.  For what it's worth, I am not wrong. I have correctly answered a set of changing questions as you have asked them... Your friend is answering based on a third, completely different investment model, which you proposed in the edit to your last post. If that's what you meant all along, then you should have been more clear in the questions you were asking.  Please let me layout the following: How the previous questions//investment proposals were built How to analyze this current proposal What your other option is Why the other option is best in a 'real world' market The First Question My understanding of the initial proposal was to take out a $10,000 loan, invest the proceeds, and expect to not have any money of your own tied up in this. Because that OP did not specify that this is an interest-only loan (you still haven't in any of your questions), the bank will require you to make payments back to them each month that include principal and interest.  Your ""friend"" is talking about the total interest paid being the only cost of a loan. While that is (almost) true, regardless of what your friend says, significantly more cash is involved in making sure that all the payments are made on time---unless you set up an interest-only loan. But with the set up laid out in this post, and with the assumptions I specified there, the principal payments must be included because the borrower has to pay back the bank and isn't not tying up any of their own money.  In that case, my initial analysis is correct--your breakeven is in the low teens for an annual required return.  The Second Proposal Your second proposal... before any edits... refined things a little bit, to try to capture the any possible returns by not selling something. As I indicated there, (with what was an exaggerating assumption), the lack of clarity makes for an outlandish required return.  The Second Proposal...with edits, or the one proposed above I will get to the one proposed above in a second, but first let me highlight a few problems with your friend's analysis.  Simple interest: the only place (in the US at least) that will lend with simple interest is student loans. Any loan that you actually take out will be compound interest.  Not an interest only loan: your ""friend"" is not calculating interest correctly. Since this isn't an interest-only loan, the principal balance will reduce every time you make a payment, by ~$320-$340 each month. This substantially reduces the total interest paid, to $272.79 over the total 24 months.  ""Returns"": I don't know what country, or what business your friend works in, but ""returns"" are a very ambiguous concept. Investopedia defines returns as gains or losses. (I wish I could inhabit the lala land that your friend lives in when returns are always positive). TheFreeDictionary.com defines a return for finance as ""The change in the value of a portfolio over an evaluation period, including any distributions made from the portfolio during that period.""  When you have not made it clear that any other money is being used in this investment plan (as was the case in scheme #1 and scheme #2a,) the loan still has to be paid. So, clearly the principal must be included in the return calculations.  How to evaluate this proposed investment scheme Key dimensions: Loan ($8,000 ... 24 months ... 0.27% monthly rate... monthly compounding... no loan origination fees) Monthly payment (PMT in Excel yields $344.70). Investment capital (starting = $8,000) Monthly Return (Investment yields... we hope it's positive!)  Your monthly contribution from your salary Taxes = 10%. Transaction Fees = $20  Go and lookup how to build an amortization table for a loan in Excel. Your life will be infinitely better for it.  Now, you get this loan set up and invested into something... (it costs $20 to buy the assets).  So you've got $7980 chugging away earning interest. I calculate that your break even, with you paying in $344.70 of your own money each month is 1.81% annually, or 3.42% over the 24 month life of this scheme. That is using monthly compound interest for the payments, because that's what the real world would use, and using monthly compounding of the investments' returns.  Your total interest expense would be $272.79.  This seems feasible. But let's talk about what your other option is, given that you're ready to spend $344.70 each month on an investment.  Your other option  I understand the appeal of getting $8,000... right away... to invest in something. But the risk behind this is that if the market goes down (and markets do) you're stuck paying a fixed amount for your loan that is now worth less money.  Your other option is to take your $344.70, and invest it step-by-step. (You would want to skip a month or two buying assets in the market, so that you can lessen transaction costs). This has two advantages: (1) you save yourself $272 in interest. (2) When the market goes down, you still win.  With this strategy, you still win when the market goes down because of what is commonly called ""dollar cost averaging"". When the market is up, your investments are also up. When the market goes down, your previous investments decrease in value but you can invest new money at the lower rates.  Why the step-by-step, invest your own money strategy is better At low rates (when you're looking for your break-even), the step-by-step model outperforms the loan. At higher rates of return (~4% + per year), you get the benefit of having the borrowed money earning more gains.  In fact, for every continuous (meaning set... not changing month-to-month) interest rate that you can dream up that is greater than about 4% per year, the borrowed money earns more.  At 10% per year, the borrowed money will earn about $500 more over the 2 years than your step by step investment would.  BUT I recognize that you might feel like the market will always go up. That's what everyone thinks. And that's alright.  But have one really bad month, or a couple of just-not-great-months, and your fixed 'loan' portfolio will underperform. Have a few really bad months, and your portfolio could be substantially reduced in value... but you would still be paying the same amount for it each month.  And if that happened (say your assets declined -3% in 3 of the 24 months...) You'd be losing money relative to the step-by-step portfolio."


"We change it every so often to reduce fraud. This is idiocy. They receive regular payments. They are asking the people who pay them to regularly change where their money is being sent. This increases their exposure to fraud dramatically as each time the account is changed, there is a risk it will be changed to an account they do not control. This is a huge red flag. Confirm that this is authentic and, if so, insist that they sign an agreement accepting all liability for the risks this crazy policy causes, otherwise, you should refuse to go through the effort of confirming new accounts and risking typing or communication errors on a regular basis. This is definitely a ""what were they thinking?!"" kind of thing. If it's not fake entirely. (This answer assumes that you were given a correct explanation, that they change it regularly believing that will reduce fraud.)"


Didn't a recent UW study show exactly the opposite? And another from UC Berkeley found the unemployment rate was lower because of the law?  I mean, the seattle area has a 3.3% unemployment rate and restaurants employment, which was supposed to be hardest hit, is up.


You will need to register as self-employed aka sole trader (that's the whole point: pay taxes on income that you're not getting as wages from an employer, who would arrange PAYE/NI contributions), or set up a limited company (in the last case you would have the option of either getting paid as wages or as dividends — which one is better is a complex issue which varies from year to year). You'll find lots of advice on the HMRC website.


One point I don't see above: Consumer's Union (the nonprofit which publishes Consumer Reports) has a service where, for a small fee, they'll send you information about how much the car and each option cost the dealer, how much the dealer is getting back in incentive money from the manufacturer,  and some advice about which features are worthwhile, which aren't, and which you should purchase somewhere other than the dealer.  Armed with that info, you can discuss the price on an equal footing, negotiating the dealer's necessary profit rather than hiding it behind bogus pricing schemes. Last time I bought a new car, I got this data, walked into the dealer with it visible on my clipboard, offered them $500 over their cost, and basically had the purchase nailed down immediately.  It helped that I as willing to accept last year's model and a non-preferred color; that helped him clear inventory and encouraged him to accept the offer. ($500 for 10 minutes' work selling to me, or more after an hour of playing games with someone else plus waiting for that person to walk in the door  -- a good salesman will recognize that I'm offering them a good deal. These days I might need to adjust that fair-profit number up a bit; this was about 20 years ago on an $8000 car... but I'm sure CU's paperwork suggests a current starting number.) It isn't quite shelf pricing. But at least it means any haggling is based on near-equal knowledge, so it's much closer to being a fair game.


"Yeah don't get me wrong, Fry's is great for their selection and their prices, but god forbid you need to get something from the back haha. I don't think they've spent a single cent for building upkeep at any location aside from ""keep water from leaking in"" since 1990, but if that means cheaper stuff for me, I guess I don't really care."


This is not just a Santander issue - 95% of ATMs globally run on XP (secondary source: http://www.theverge.com/2014/1/20/5326772/windows-xp-powers-95-percent-of-atms-worldwide). This is because of what has already been mentioned - the benefit does not outweigh the cost/inconvenience.  However, in the wake of the recent WannaCry ransomware attack, there are well-founded security concerns with relying on an unsupported operating system in such a widespread manner.


"Would love to see it happen but unfortunately agree with you. There is already demand for a non-cable ISP but telecoms have dug in for the long fight and are actively fighting these out of existence.  Combine this with the fact that new media still needs to get it's content from somewhere and a ton of this content is owned by cable providers. They were willing to experiment with these new media sources when they were a tiny slice of the pie but now that new media is gaining mass market appeal, they want to massively overcharge for content to either a) drive the companies out of business or b) continue reaping their insane profits. The telecoms essentially have a monopoly and are using that to prolong the existence of dying businesses..  I see this playing out in one of several ways.  1. The government wises up and either breaks up the monopolies or allows internet to become available through other means (as a public utility or allowing these ""mom and pop"" ISP's to exist). Don't know about the rest of the world but it will be a while before this happens in the US.  2. New media providers find way to distribute and market independent content and rid themselves of at least one factor holding them back. Unfortunately most people don't seem to be interested in independent content. I would suspect this is largely due to these companies owning the vertical and telling you what you should watch as well.  3. These companies die a long slow and painful death at the hands of piracy at which point a sane and legal way of getting content is free to exist without being squashed out of existence."


I dont use it yet, but i am building a custom app to run our event staffing business (none of the off the ahelf stuff makes us happy), and we want the option to be able to blast a text to our people when needed, and also to allow them to opt into sms notifications. So i will be building that in.   since you asked for feedback, at 3 cents a text you will get no business. That is 4-5 times the going rate of providers like twillio and aws. The only way you add value is if you offer a small free tier (say 200 sms/month for free) or if you make it super easy for the customer. What i mean by that is, to use twillio or aws requures some development chops - ie, you have to connect to their api. Well, tons of business owners do t even know what that is, so if your service allows some non technical retail owner to collect a list of numbers, dump it into a simple box online (and save for later use) and then format a msg and click send, all from a clean browser experience, that would add value. But i also say that having done zero market research, who knows, such a service may exist already.  Anyways, curious what you thought someone would pay 3 cents a msg for?  Also, if you haven't yet, you should be looking at all of Amazons cloud offerings. If you are building anything technical, look at their Lambda product. It allows super cheap, serverless functions; basically you write the app, call it, and only pay for the time it runs. On demand, highly scalable, and you dont have to maintain a pricey server that might sit idle for houra at a time.


Okay thanks, let's hope it's a relatively painless process to correct my mistake!   Really odd that my 401(k)s are traditional, I was so sure they weren't.  Maybe it's better then to open up a traditional IRA alongside the Roth, use that for rollovers, and just kick a few bucks into the Roth on occasion?


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"It is the presupposition that makes this a rather ridiculous question. Makes me curious, would this be a civil or criminal crime? If you are convinced that this presupposition of illegality is a thing, talk to a lawyer. Yes, there may be consequences of doing any variety of actions while you owe the IRS, and while you do not owe the IRS. As an unincorporated business the IRS does not stop you from gaining an additional source of income to pay them with.  Perhaps lenders might not help you with capital. As an incorporated business no state is going to ask you if you ""owe back taxes"" before they allow you to pay them to register your business in their state. This isn't legal advice, I'm just assuming there is no legal advice to give based on your presupposition, to your original question, I'm going to go with no."


"Not even sure what this is in reference to - I asked him what he specifically had questions about as ""pointers?"" is in and of itself as vague as it gets.  Regardless, if you had bothered to read the remainder of the chain, you would have noticed he replied (again, sans specific questions) and then I provided additional context.  What's it like being an internet tough guy? Kind of funny seeing someone make comments like this while also being so involved in something like reddit secret santa."


Being a professional auditor and accountant, deduction against expenses are claimed in the year in which expenses has been incurred. It has no relationship with when it is paid. For example, we may buy on credit does not mean that they will be allowed in the period in which it is paid. This is against the fundamental accounting principles.


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It isn't Santander that's running XP, exactly, but that particular NCR machine.  Hasn't been upgraded because, presumably, they don't want to pay for the software.  That is, the actual ATM software running on top of Windows + drivers for the hardware.  I don't actually know what a full package costs, but I'm sure it's not cheap.  Modern ATMs--all the ones by major manufacturers, anyway--run some version of Windows.  For large ATMs like you'd see at drive ups in banks, there's a regular desktop-style PC inside.  Smaller ones often run CE on various flavors of all-in-one boards.  Source:  Bank equipment tech who fixes ATMs almost every day


"This stupid argument again? Testimonies explicitly explain how he was able to pass the blood tests. Don't you see how futile it is to argue that he has never doped just because he passed the blood tests when it is known that he can easily pass them? I'm not saying the lack of positive blood tests classifies as proof of guilt, but it certainly cannot be used to prove his innocence. Let's say you commit a crime and the police comb through the scene of the crime and find none of your fingerprints. Wouldn't it be stupid of you to argue ""You have not found any of my fingerprints at the scene of the crime, therefore I must be innocent!""? You could easily have worn gloves. Likewise it was easy for Armstrong to pass the blood tests even if he was doping, therefore the fact that he passed isn't proof of his innocence."


A childhood friend just had his sentencing hearing the other day after pleading to robbing 2 banks 5 times over the span of 11 months.  He only cleared $34k and now he's going away for 7.5 years, best case scenario.


"Even though this is really a psychology question, I'll try to give you an answer. You do nothing but stay away.  What's going on is too small to matter. Bernie Madoff took investor's money and scammed them for $15B. That's B, billion, 9 zeros (Yes, I realize the UK Billion has 12, these are US Billion). Harry Markopolos was on to him, and presented his evidence to the government, but ""No one would listen."" In quotes because that's the title of the book he published on his experience. Even Barron's had an article suggesting that Madoff's returns were impossible. Eventually, it came to light. In my own experience, there was a mortgage acceleration product called ""Money Merge Account."" It claimed to help you pay off your mortgage in a fraction of the time ""with no change to your budget."" For two years or so, I was obsessed with exposing this scam, and wrote articles, nearly every week discussing every aspect of this product. Funny how even though mortgages are math that's pretty easy to explain, few sellers wanted to talk about the math. Using the same logic that you don't need to understand how a car works as long as you know how to drive. There were some people that would write to tell me I saved them the $3500 cost of that product, but mostly I argued with sellers who dismissed every word I wrote as if the math were incomprehensible to anyone but the software guys who wrote it. In the end, I had compiled a PDF with over 60 pages of my writing on the topic, and decided to call it quits. The product was recycled and now is sold as ""Worth Unlimited,"" but the software is the same.  This is all a tangent to your problem. It simply offers the fact that the big scam, Bernie, continued for a long time, and people who were otherwise intelligent, fell for his promises, and didn't want to believe otherwise. The mortgage software had many bloggers writing. Searching on the web found a lot of discussion, very easy to find.  People will believe what they wish. Tell an Atheist that God exists, or a believer that He doesn't, and your words will fall on deaf ears. Unfortunately, this is no different."


I don't see this as an issue with obamacare, but an issue with employers that have profits-above-all mentality.   Healthcare as a means of compensation was invented back to attract talent in the 30s when salary and wage were frozen during the depression. Now employer tied healthcare has outlived its usefulness and become an impediment to people who want to find better employment but can't afford to lose medical coverage.   While obamacare is no single player, i think it's a step in the right direction. not to mention that single player was a political DoA that no congressman who hopes to be reelected for another term would support. It's disheartening but healthcare form to the likes of single payer will be unsettling for many powerful, wealthy industries that would fight it with tooth and nail.


It is a good events here to get the full entertainment with our team building who gives you a target such as solving  puzzles inside the escape rooms . There are more activity here for your special fun. The Escape Rooms Palm Beach is so amazing place  in USA, Florida.  It is so excellent place for the couple and many individuals comes here to get real entertainment that would help the teammates. We corporate events west palm beach with a team building.


Let's say I have a large company with a sub-unit which accounts for 40% of their revenues. The company is traded at a foreign stock exchange, but have the sub-unit that is located domestically. The beta of the company can be easily found online or calculated manually. How do I determine the beta of a sub-unit of a multinational company?


IMHO these people need to understand finance.  I think Dave Ramsey is the best for this kind of situation.  They need their butts kicked.  What kind of parent spends money on playing cards when they have a child and not a place of their own?  Answer:  Parents that needs to grow up.   Most of all they probably have an income problem.  I would assume that the husband stays at home because he does not earn enough to justify quality child care.  Okay how about he cares for a few other kids and turns watching one kid into an income stream?  Duh? Giving them money will only hurt them in the long run.  They are holding onto childhood, avoiding becoming adults.  No amount of money you can give them will dig them out of their rut, in fact it may only prolong it.   MTG is an intellectual game.  If he spent half as much brain power on earning a living, the could probably be well off, and earn enough to have a tidy budget for gaming.   Sorry Yamikuronue, but I disagree with your first comment.


I work as a fb ad freelancer, so many people buy from fb. What makes fb ironic is that nobody logs in and says 'ah time to buy some shoes'. But with good content and a nice funnel, lots of brands are selling.


According to the government website, the answer appears to be no in terms of personal income. However you may want to anyway to start creating RRSP contribution room as well as possibly qualify for GST/HST credit. If your business is registered you are going to be required to file a tax return for it (and if it is a sole proprietorship then you would be required to file a T1 regardless). When all is said and done, it seems that it's probably better to file rather than not file; even if you pay no income tax at least you are sure you won't receive a nasty letter from Revenue Canada in the future :)


First I would be very careful using a short ETF.  There could be some serious tracking error, especially if its levered.  Second, when it comes to forex you are in the world of PIPS and high leverage.  You would need to have significant capital to be able to hold out the swings as banks do their interventions.  Plenty of people have been short waiting, and waiting, and waiting, unless you think you know something the market doesn't this seems like a pretty high risk strategy.  I'd suggest buying options instead, but they will be expensive given the volatility.


Yes it is. The government already controls the banks. The fed sets reserve amounts. It is about 20% but they can make it 99% if they wanted. A bank that doesn't meet its reserves loses its charter and is seized. I believe it is Office of Thrift Supervision or something. The president appoints the Fed chairman and congress oversees the Fed. The Fed gives 90%+ profits to the Treasury.


You cannot. Even if your children actually have that money - your fiduciary duty is to them, not to yourself. You cannot gift away money they own for your own purposes. They have to want to gift it away, since it belongs to them. I doubt they do, or they should. Since you have to have their best interests in mind - you shouldn't allow them gift away such amounts even if they're willing to. Doing otherwise will be a criminal act on your behalf (embezzlement/breach of fiduciary duty). Do talk to an attorney of course, since I'm not. But that is my understanding of things. If your kids don't actually have the money, then they can obviously not gift it, so claiming that they did would be a tax fraud.


Not sure if this is possible... It is possible! It is called a balance transfer card and most of the major credit card companies offer them. It is possible to save a significant amount on interest during the grace period. However... Is this a viable option? Not really. Any card will charge you an upfront fee of 3% to 5% of the balance you are transferring. This really only buys you some time in case you are about to fall behind on payments. For many people it's just a way to shuffle around debt, digging themselves a little deeper into consumer debt with each transfer.


Valid point that if you only have cliche phrases you're going to be useless, and some of these are pure idiocy, but that doesn't mean that managers should go out of their way to avoid using any cliche ever. Sometimes they're the correct phrase or idea for a particular situation.


EU and North America long term strategy is to tell Russia that it doesn't get to do whatever the hell it feels like (I.e. taking crimea).  EU and North America long term strategy is to lower EU dependence on Russian gas, and possibly fond a way to increase imports of Canadian or US gas.   Now, I'm not saying this whole thing isn't stupid. In many ways it is. Indeed Ukraine should have stuck with Russia (they are not in the position to join EU). However, due to circumstances it happened.   I fully agree that it will hurt everyone, but it's going to (and has) hit Russia much harder than many Russians care to admit.


Before starting with investing, you should make sure you are saving enough.  Living in a welfare country (France) does not exempt you from potentially needing to save large amounts of money. You state that you do not need much of an emergency day fund, but this is not true.  Being dismissed unjustly from your job is not the only way to become unemployed and not all roads lead to unemployment pay.  Being fired for cause or leaving your job voluntarily are two work related causes that will leave you without an income source.  Unexpected major expenses are another reason you might need to dip into your emergency fund. If your emergency fund is in order, the next thing to investigate is your pension and saving for retirement.  In a country with a strong pension system, you need to check how comfortable you are with its sustainability (Greece anyone?) and also whether it will adequately meet your needs.  If not, there are no 401ks or IRAs in France, but there is a relatively new personal supplementary pension plan (PERP) that you might investigate contributing to. If you're comfortable with your emergency fund and your retirement savings, then preparing for buying a house is likely your next savings goal.  A quick search shows that to get a mortgage to buy a house in France, banks will commonly require a downpayment of 20% plus various closing costs.  See for example here.  This is 40,000+ euro for a 200k euro house, which will take you several years at the rate of 500 euro / month.  France has special plans (Plan d’Epargne Logement) with tax-exempt interest for saving up for a house that you might want to investigate. In your other question, you also ask about buying a cheap car.  As you get older and possibly start a family, having a car will likely become more of a necessity.  This is another goal you can save for rather than having to take a loan out when you buy one.


I've been stuck in that situation for 10+ years.  Now with rent being so high even with roommates it still is crazy, you really need to keep pushing to make more money if you stagnate like I have you'll regret it.


My opinion is to hold off. I don't see housing market rising anytime soon, possibly even going lower, so you don't have to worry about getting in before it rises. Pay off the credit card debt, maybe even earlier if possible, then that flexibility will be there, the divorce proceedings may have an end in sight, and therefore you'll know more about any outcomes from that. The economy is still shaky, the flexibility of renting may come in real handy.


Overall I think your idea is sound. The key here is to  choose that 401k provider wisely and have a specific asset allocation plan (like Joe mentioned) Summary of this approach: Pluses:  Minuses: I'd consider Vanguard for simple, no frills investing. If you're looking to get into choosing stocks, check out the Motley Fool.


Per Md. REAL PROPERTY Code Ann. § 8-203: (d)      (1)      (i)      The landlord shall maintain all security   deposits in federally insured financial institutions, as defined in §   1-101 of the Financial Institutions Article, which do business in the   State. (ii)      Security deposit accounts shall be maintained in branches of the financial institutions which are located   within the State and the accounts shall be devoted exclusively to   security deposits and bear interest. (iii)      A security deposit shall be deposited in an account within 30 days after the landlord receives it. (iv)      The aggregate amount of the accounts shall be sufficient in amount to equal all security deposits for which the   landlord is liable. (2)      (i)      In lieu of the accounts described in paragraph (1) of this subsection, the landlord may hold the security   deposits in insured certificates of deposit at branches of federally   insured financial institutions, as defined in § 1-101 of the Financial   Institutions Article, located in the State or in securities issued by   the federal government or the State of Maryland. (ii)      In the aggregate certificates of deposit or securities shall be sufficient in amount to equal all security   deposits for which the landlord is liable. As such, one or more accounts at your preference; it's up to the bank how to treat the account, so it may be a personal account or it may be a 'commercial' account depending on how they treat it (but it must be separate from your personal funds).  A CD is perhaps the easiest way to go, as it's not a separate account exactly but it's easily separable from your own funds (and has better interest).  You should also note (further down on that page) that you must pay 3% interest, once per six months; so try to get an account that pays as close as possible to that.  You likely won't get 3% right now even in a CD, so consider this as an expense (and you'll probably find many people won't take security deposits in many situations as a result).


"It is important to distinguish between cause and effect as well as the supply (saving) versus demand (borrowing) side of money to understand the relationship between interest rates, bond yields, and inflation. What is mean by ""interest rates"" is usually based on the officially published rates determined by the central bank and is referenced to the overnight lending rate for meeting reserve requirements.  In practice, what the means is, (for example) in the United States the Federal Reserve will have periodic meetings to determine whether to leave this rate alone or to raise or lower the rate.  The new rate is generally determined by their assessment of current and forecast national and global economic conditions and factors in the votes of the various Regional Federal Reserve Presidents.  If the Fed anticipates economic weakness they will tend to lower and keep rates lower, while when the economy seems to be overheated the tendency will be to raise rates. Bond yields are also based on the expectation of future economic conditions, but as determined by market participants.  At times the market will actually ""lead"" the Fed in bidding bond prices up or down, while at other times it will react after the Fed does.  However, ignoring the varying time lag the two generally will track each other because they are really the same thing.  The only difference is the participants which are collectively determining what the rates/yields are. The inverse relationship between interest rates and inflation is the main reason for fluctuating rates in the first place.  The Fed will tend to raise rates to try to slow inflation, and lower rates when it feels inflation is too low and economic growth should be stimulated.  Likewise, when the economy is doing poorly there is both little inflationary pressure (driving interest rates down both in terms of what savers can accept to keep ahead of inflation and at) and depressed levels of borrowing (reduced demand for money, driving down rates to try to balance supply and demand), and the opposite is true when the economy is booming. Bond yields are thus positively correlated to inflation because during periods of high inflation savers won't want to invest in bonds that don't provide them with an acceptable inflation adjusted yield.  But high interest rates tend to have the effect or reining in inflation because it gets more costly for borrowers and thus puts a damper on new economic activity. So to summarize,"


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>*It's a reminder that you can't suspend the laws of economics. You can't print money to pay for things without creating inflation. And you can't stop that inflation just by saying you want it to. But not only will this magical thinking fail, it will also create new and even worse problems like shortages.*  >*Capitalism is the worst economic system except for all the others.*  Cross-post from /r/MAConservative


> Buffet could easily take the lead here by starting a company solely dedicated to paying off people's mortgages using his own money.  If he is right that would only fix a few symptoms of the problem and only for a short time.  The corrupt system would quickly overwhelm his actions.


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They are already indirectly paying these expenses.  They should be built into your rates. The amount per job or per hour needs to cover what would have been your salary, plus the what would have been sick, vacation, holidays, health insurance, life insurance, disability, education, overhead for office expenses, cost of accountants...and all taxes. In many companies the general rule of thumb is that they need to charge a customer 2x the employees salary to cover all this plus make a profit. If this is a side job some of these benefits will come from your main job. Some self employed get some of these benefits from their spouse.  The company has said we give you money for the work you perform, but you need to cover everything else including paying all taxes. Depending on where you live you might have to send money in more often then once a year. They are also telling you that they will be reporting the money they give you to the government so they can claim it as a business expense. So you better make sure you report it as income.


Yes, I know this sort of breaks our no-politics rule but this stuff transcends politics really, this is the basic idea of the internet they're trying to take away from us here, and this will deeply deeply affect internet businesses (which, aren't most big businesses internet businesses at this point?), so when fight for the future contacted us I just had to make an announcement.


You are correct. She cannot claim the initial loss of $1,000 on her taxes, she can only report the $500 profit. However, the IRS does allow her to add the $1,000 loss to the basis cost of her replacement shares. e.g.


Hits to your credit rating for canceling one of the newer cards will be a small hit for a few months.  You do have some options.  I also believe that a person with good credit should have multiple cards: I like having a cash back card for the majority of our transactions. Unfortunately that card isn't accepted everywhere, so I have two other cards with broad market coverage to make sure we always have an option if the vendor doesn't take the main card.  Also having multiple cards makes sure that if there is an issue with one card you are never caught without a card. One time the main card was rejected by a gas station because my wife just used the same account to buy gas across town. When we got home their was a fraud alert message on our phone.


"Another consideration is that you are going to wind up with money in the ""regular"" 401(k) no matter which one you contribute to.  The employer match can't go into the Roth 401(k). So all employer matching funds go in with pre-tax dollars and will be deposited in a normal 401(k) account. Edit from JoeTaxpayer - 2013 brought with it the Roth 401(k) conversion the ability to convert from the traditional pretax side of your 401(k) account to the Roth side."


As deep as the next guy's i suppose. Just to be clear, i want to take most of the money away from the elite and use it to fund education, healthcare, and opportunities. End the drug war. Ya know, things that make logical sense.


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


IMO anti-trust needs to protect both consumers and competitions. Without protecting competitions it will hurt consumers in the long run.       Monopolies are glaring in the tech world and some tech companies unfairly used their information flow in addition to monopoly power to crash/buyout their competitions or to cockblock their competitors from acquisitions.


The easiest options appear to be to open an account with one of the large multinational banks like Citi. They have options such as opening two separate checking accounts, one in each currency, and Citi in particular has an international account that appears to make mutli-currency personal banking easier. All of the options have minimum balance requirements or fees for conversion, but if you need quick access this seems to be the best bet. Even if this is a one-time event and you don't need the account, a bank like Citi may be able to help you cash the check and get access to the funds quicker than a national or local bank. http://www.citibank.com/ipb-global/homepage/newsite/content/english/multi_cap_bank_depo.htm Alternatively if you know anyone with a US bank account you can deposit it with them and take the cash withdrawal from their account, assuming they agree, the check isn't too large, etc.


Sorry man, for most finance jobs you are to old for an entry level positions. Firms would much rather give it to a guy fresh out of college (and there are plenty of them) then a 27 year old with no relevant experience.  That being said, there are some areas in finance that are less strict about this, so if you are willing to start at the bottom with a bunch of 22 year olds you have a chance.


> “If the [Black-Scholes] formula is applied to extended time periods….it can produce absurd results.”  > -Warren Buffett, 2008 Letter to Berkshire Hathaway Shareholders  I will give your question more thought, and come back with a quantitative solution. It may be most fruitful to apply a backward-induction options pricing model with detailed scenario-based discounted cash flow valuation models supported by pro forma financial statement and investment analysis.    Nonetheless, my initial reaction is inline with Warren Buffett's belief that in the long-run an assumption of the Black-Scholes options pricing model is invalid (see [here](http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.613.1657&rep=rep1&type=pdf) and [here](http://www.elon.edu/docs/e-web/academics/business/economics/faculty/kurt/OptionValuationBuffetCritique_123113.pdf)). The perceived invalid assumption is that the distribution of expected future stock prices is *not* log-normal in the long-run. This non-log-normal view is especially true for a single company stock.   This invalid assumption results in over-valuation of options prices from Black-Scholes - which makes it much better to sell long-term options than to buy them if market participants are using Black-Scholes pricing models.  Again, without having done the math yet, my gut tells me if the option seller is using Black-Sholes pricing for long-dated options, you would be best to avoid buying them as the prices will be inflated compared to an economic reality fair price.


There are a number of ways someone acquires assets without buying it. People could have inherited assets. They could have been gifted assets. They might have won assets in a lawsuit (unlikely to be a mall, but not impossible). They could have married into the assets. So there's other ways of acquiring assets without purchasing them.


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On the other hand when you hire the laundry service, you can steer clear of all such type of hassles and can focus on other imperative tasks that need more attention while staying assured that you will get your dirty clothes washed and ironed perfectly by the professionals.


Commissioned sales is dead. It might have worked when consumers were beholden to retailers for product knowledge and pricing, but now everyone can pull out their phone and understand the product, its competition, and know the lowest price in minutes.


"There are basically two ways to get value out of an appreciating asset such as a home: (a) Sell it and take the profit. In the case of a home, you presumably still have to live somewhere, so unless you buy a cheaper home to replace it, this doesn't get you anywhere. If you can get another house that is just as nice and in just as nice a location -- whatever you consider ""nice"" to be -- than this sounds like a winning option. If it means moving to a less desirable home, then you are getting the cash but losing the nice home. You'll have to decide if it's worth it. (b) Use it as collateral for a loan. In this case, that means a second mortgage, home equity loan, or a home equity line of credit. But this can be dangerous. House prices are very volatile these days. If the value of the house falls, you could be stuck with debts greater than your assets. In my humble opinion, you should be very careful about doing this. Borrowing against your house to send the kids to college or pay for your spouse's life-saving operation may be reasonable. Borrowing against your house to go on a fancy vacation is almost surely a bad idea. The vacation will be over within a couple of weeks, but you could be paying off the debt for decades."


You could also switch to CreditKarma to file taxes, it's 100% free and just launched. I'm not affiliated with them, just bringing up an alternative.


"Well, perhaps ""have a dedicated tax advisor"" is an answer then. I   wouldn't have thought of this, as it's not specifically about   taxation, is it? Or more broadly ""consult with a dedicated   professional for the situation in detail""... Yes, that is the only real answer you can get. Anything else will vary between highly localized to entirely incorrect. Pensions are rarely defined benefit anymore, and not many countries still keep state-sponsored defined benefit pension plans. For most, what's left is Social Security system, which is in no way a pension. This is an insurance, and is paid as tax which is rarely refundable (but you won't always have to pay it if you're a foreigner in the country). Usually, Social Security benefits are only available to citizens and (/or, in some rare cases) residents of that country. So it is unlikely (although possible) that you'll benefit from social security payments of more than one country. Some countries have totalization treaties that make your social security payments in one count in the other. If you're in a country that has such an agreement with the Netherlands - you're lucky. Your personal pension savings are basically tax-deferred investment accounts. But tax deferral in one country doesn't necessarily work in another. In the US you have 401k or IRA accounts, but in your own country they may very well be taxable. So you gain the tax deferral in the US, but if your own country taxes them - you lost the benefit, and you will still have to abide by the US tax rules when taking the money out. If you don't plan properly you can easily be hit by double taxation in such cases. Bottom line, you need to plan your pension savings on your own, privately, with a good and solid tax advice (and pension planning advice) that would be relevant to all the countries that you are tax resident at at any given time (you can easily be resident for tax purposes in more than one country). These advisers have to take into account the laws of the countries involved, the tax treaties between themselves and between them and the country of your citizenship,  and the future countries you're planning on visiting or getting old at. Its complicated, and most likely you won't be able to predict everything, especially because the laws and treaties tend to change over time."


I talk about this subject on my blog on investing, I share everything that has worked for me personally and that makes sense. I would say the ideal investment would be to continue the entrepreneur route.  Just make sure you have a clear plan and exit strategy. For me it's all about passion, I love blogging about personal experiences with life, money, and anything that affects our lives.  Find something that you would talk about whether you were paid or not and create a business off of it. You'll never work a day in your life because you love it.


The issue is should you get one large policy or several smaller policies. Multiple polices have flexibility becasue if the need goes away you can drop the policy. The problem with multiple small policies is that there is overhead that you pay for multiple times. Assume that you want 100K coverage and are age x. That policy will cost you a certain amount based on a base amount plus a percentage of the coverage. The percentage is based on age, sex, smoking, health. If you double the coverage the price doesn't double becasue the base amount is constant. This base amount covers the cost of setting up your policy and maintaining the records and billing.  Keep in mind that the coverage you are asking about is not the mortgage insurance the lender makes you purchase when you have a small down payment. You are asking about a policy to cover your debts and still provide money for survivors. Go with your current agent company and ask them to run the numbers: new additional policy, increasing amount of current policy. Go with what meets your needs. Buying a house is one of those life events where you should review your insurance and retirement needs, and adjust accordingly.


That is a decision you need to make, but some of the pros and cons you could consider to help your decision making include: Pros: If bought at the right time in the property cycle and in a good growth area, it can help you grow your net worth much quicker than having money in the bank earning near zero interest. You would be replacing rent payments with mortgage payments and if your mortage payments are less than your current rent you will have additional money to pay for any expenses on the property and have a similar cashflow as you do now. You will be able to deduct your interest payments on the mortgage against your income if you are in the USA, thus reducing the tax you pay. You will have the security of your own house and not have to worry about moving if the landlord wants you out after your lease expires. Cons: If bought in a bad area and at the top of the property cycle you may never make any capital gains on the property and in fact may lose money on it long term. If the mortgage payments are more than your current rent you may be paying more especially at the start of your mortgage. If you buy a house you are generally stuck in one spot, it will be harder to move to different areas or states as it can cost a lot of money and time to sell and buy elsewhere, if renting you can generally just give notice and find a new place to rent. Property maintenance costs and taxes could be a drain on your finances, especially if the mortgage repayments are more than your current rent. If your mortgage payments and property expenses are way more than your current rent, it may reduce what you could be investing in other areas to help increase your net worth.


I hear what you're saying @mgibbons. It's just that how much they're paid shouldn't really be an issue. Poor customer service seems to be why they're about to get replaced by these turnstyles.   Be nice. Save your job. (Even in situations where entitled, snobbish people are arguing and giving you a hard time.) Yes, travelers can be more civil. Yes, gate attendants can be nicer. Yes, we all have to treat each other better.


Wrong sub. You're looking for /r/personalfinance   >will freezing just that credit report hurt them in any way?  No, but it will help prevent an identity thief from wrecking your credit.   >Can I still get a loan with only one of the three frozen?  Depends, but yes. You should freeze your credit at all 5 credit bureaus for personal financial protections.


The snide answer is because they can. The psychological answer is that it drives loyalty. Because you have spent money on the membership, you are more likely to go back several times in the year in order to get your money's worth. Once you are in the store, impulsiveness can have its way with you, as you leave the store with a cart full of items that you didn't know you needed until you saw their low price.


>The European economy was not utterly doomed before the Euro, therefore the fall of the Euro does not doom their economy.  UTTERLY DOOMED and DOOMED are two entirely different things.  The former is a quasi-permanent state of affairs (decades upon decades) the latter a temporary one (albeit possibly several years).


"Apple's share of the US smartphone market is 34%. It is consistently #1 or 2 in most markets, shy of Asia that has super competitive smartphone options.   Apple is also sitting on stacks, and stacks, and yet more stacks of cash.  Believe me, I love Tesla and hope to see them do well. At this point they are riddled with debt, yet to turn a profit, have a paltry market share and are leveraging all of this yet again with another round of debt funding. Their entire business model is built on government subsidies.  Sorry, Tesla hasn't proven a damn thing in terms of establishing them as an automotive power and they have a LONG way to go. Neat ideas, pretty good execution, but seriously enough with saying we should just ""make new metrics"" for a company because they continually under-perform."


"good vs ""bad"" debt in the context of that post. At least in the UK this can be a good tactic to reduce the cost of credit card debt. Some things to consider"


I have had it two way now: I got pre-approval from my credit union which just so happened to be one of the bigger vehicle lenders in the metro area.  What I found out was that the dealership (which was one of the bigger ones in the metro area) had a computer system that looked up my deal with the credit union. Basically, I signed some contracts and the CU and the dealership did whatever paperwork they needed to without me. I bought a used car and drove it off of the lot that night, and I didn't ever go back (for anything financial) Both my wife and her sister received blank checks that were valid up to a certain amount.  In the case of my sister in law, she signed the check, the dealership called to confirm funds and she drove off. In the case of my wife, she ended up negotiating a better deal with dealer finance, but I was assured she only had to sign the check, get it verified and drive the car home.


Google Finance gives you this information.


my nine year old will pretty much have a tantrum if told he has to eat there (usually only at the airport for breakfast). He was iffy on the whole concept until one day when i got him a pancake sausage muffin breakfast thingy... it sealed the deal. He wouldn't even go for the lego movie themed cups after that.


You don't need to submit a K-1 form to anyone, but you will need to transcribe various entries on the K-1 form that you will receive onto the appropriate lines on your tax return.  Broadly speaking, assets received as a bequest from someone are not taxable income to you but any money that was received by your grandmother's estate between the time of death and the time of distribution of the assets (e.g. interest, mutual fund distributions paid in cash, etc) might be passed on to you in full instead of the estate paying income tax on this income and sending you only the remainder. If so, this other money would be taxable income to you.  The good news is that if the estate trust distributions include stock, your basis for the stock is the value as of the date of death (nitpickers: I am aware that the estate is allowed to pick a different date for the valuation but I am trying to keep it simple here).  That is, if the stock has appreciated, your grandmother never paid capital gains on those unrealized capital gains, and you don't have to pay tax on those capital gains either; your basis is the appreciated value and if and when you sell the stock, you pay tax only on the gain, if any, between the day that Grandma passed away and the day you sell the stock.


"The bottom line is that you can decide whatever you want to do.  It is good of you to get everything in writing.  What happens if she decides to move to a different city?  What happens if she also wants to be bought out?  It should also include contingencies for your husband and yourself.  God forbid anything negative happens, but what happens if you two get divorced?  Does your husband want to be an agreement with your sister if you pass away? There does not seem to be any math to do in this case.  While she is paying the lion's share of the payment, she is also receiving the benefit of having a place to live.  It is unlikely that she can rent an equivalent place for anything close to 1400/month.  I would estimate it would be at least 1800/month to rent an equivalent property. So she put no money down, and she is paying below market ""rent"" to live somewhere.  Many people would be happy to have $400/month off and handle their own repairs (let alone you still kicking in half).   Now all that said, if you want to give her some equity based upon generosity or the desire to give her some dignity, then you are free to do so.  Perhaps 10%?"


I came to the comments feeling the same way, but a number of active sellers are saying this doesn't affect them that much. It may be a factor of threshing out casual sellers who generally provide a poor experience from professional sellers who are able to manage the policy change.   Mind you, that's a very broad brush - I'd love to have access to numbers and do some analysis on how sellers are really affected. It might be that very commercial sellers do okay, while casual (but professional & responsive) sellers are hurt. Or perhaps there are certain types of products that will be hurt worse than others.


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Many people, especially with lower income/skill/education, have poor money management skills to the point where they will not be able to ration their money for a full month. If the payment schedule is reduced to weekly or bi-weekly it becomes easier for such people to make non-discretionary payments.


"> In Germany most terror attacks are made by right-wing guys who want to save Germany from the muslim terrorists   That's absolutely not true. You know that! Please tell me about the recent right-wing ""terror attack"" against **civilians** in Germany! Also, how many terror attacks were done by Muslims at the same time against **civilians**? (I am not pro far-right wing people, but they are not the level of Muslims.)  **Hey! Did you just say hate speech about right-wing guys? Are they terrorists?**  > So the problems comes fron people saying things like you did: Muslims are terrorists. Taking a group as a whole and given them an attribute. If you say americans are fat idiots you say all of them   Repeating over and over that if someone says ""group X does such and such"" means that all members of the group do it will not work.   You just said: ""*most terror attacks are made by right-wing guys*"" and also ""*americans are fat idiots*""  I say ""terrorist attacks are carried out by Muslims"" (I did not say ""Muslims are terrorists"") and the Swedish old lady said ""Muslims shit in the street and burn cars"".  Only the ""*americans are fat idiots*"" implies that ALL Americans are fat and are also Idiots. Do you understand why? If not, I will explain further. **Do you think I think all Muslims are terrorists?**  > heres a link to the sweden Problem  No thanks! I don't needs stats from a Swedish source. Here are the stats from a [non-Swedish source](https://en.wikipedia.org/wiki/Crime_in_Sweden): Crime is up a lot. Why?  One quote: ""**In januray 2017, the the Löfven Cabinet denied the request from member parliament Staffan Danielsson to update the BRÅ statistics on crime with respect to national or immigration background of the perpetrator, as had previously been done in 1995, 2005 but the 2015 was overdue.**""  > Your Right about the nazis though. Ignoring isn't helping. Sadly I have other fights to fight ...  You have other more important fights? Like to fight ""haters"" of Muslims?   Anyway, my question was:  > **As you know, Nazis hate Jews despite Jews being one of the best and most contributing groups in society throughout history. Would you defend Jews being criticized by Nazis? If you do, do you realize what you just did?**"


You fully support the free market.   Good for you. I support the worker over the corporation. What the fuck is the point of having a job(s!) which don't support you? You can go on and on about market equilibrium or whatever. Flat out I support raising the minimum wage. I support ending corporate welfare. I think this country has the means to support anyone willing to work as hard as her to make sure she and her kids have the very basics.   Define value for me.... Not everyone worships money or the 'free' market. I get what sub were on. Maybe you're a super practical person. But try and imagine you have her life. No life is not fair, slavery wasn't fair but humans tried to put an end to that. If you think it's ok for this to be how it is, we have nothing to speak further about.   And to your hypothetical- no I cannot come up with a number, congratulations. Bet if you went over to personal finance, gave them a location for this hypothetical, they would come up with a smaller range of numbers than you think. Also the argument that a teenager doesn't need to be paid a living wage is ridiculous. It's the exact argument that's been used to under pay women.   Maybe empathizing on this scenario is beyond you.


Check use is declining here too, but it still has some practical advantages over electronic means:


"Wow, this analysis really surprised me. Very complete and useful, but i think my teacher request was easier. He just said: ""Try to build a diversified portfolio. Then try to add a commodity (like silver or gold) and understand how the risk vary introducing an asset like this."" So, i'm basically making a stocks portfolio and i'm calculating its expected return and risk. (for example 40%FB, 10%JNJ, 20%GS, 10%F and 20%MCD) then i'm adding GLD (so now i have something like 20%FB, 10%JNJ, 10%GS, 10%F and 20%MCD 30%GLD) and i'm actually making an excel spreadsheet where i calculate all the: -Expected returns -St Deviation -Covariance  At the end i compare the returns and the risks on the 2 different portfolios."


Not sure how your companies bonus structure is setup but bonuses are typically based on performance. Commission drives sales people to sell more but once you get to a certain threshold you may find that a sales person is earning enough to quench their hunger for more so their drive may diminish somewhat. Bonuses help bridge that gap e.g. you get $NN bonus at the end of the year if you sell $YY by the end of the year. This helps ensure the company to reach it's financial goals so the people who make the products can still get paid.   EDIT: I don't agree that a company should make bonuses par for the course. If the company is not doing well, no-one should get bonuses.


So, what they are saying is that the currently happy crop of employees will all be gone in less than a year, to be replaced by morons who live to work, rather than work to live, and who can be relied upon to be miserable and do bad work in perpetuity.


why should I have any bias in favour of my local economy? The main reason is because your expenses are in the local currency.   If you are planning on spending most of your money on foreign travel, that's one thing.  But for most of us, the bulk of our expenses are incurred locally.  So it makes sense for us to invest in things where the investment return is local.   You might argue that you can always exchange foreign results into local currency, and that's true.  But then you have two risks.  One risk you'll have anywhere:  your investments may go down.  The other risk with a foreign investment is that the currency may lose value relative to your currency.  If that happens, even a good performing investment can go down in terms of what it can return to you.  That fund denominated in your currency is really doing these conversions behind the scenes.   Unless the bulk of your purchases are from imports and have prices that fluctuate with your currency, you will probably be better off in local investments.  As a rough rule of thumb, your country's import percentage is a good estimate of how much you should invest globally.  That looks to be about 20% for Australia.  So consider something like 50% local stocks, 20% local bonds, 15% foreign stocks, 5% foreign bonds, and 10% local cash.  That will insulate you a bit from a weak local currency while not leaving you out to dry with a strong local currency.   It's possible that your particular expenses might be more (or less) vulnerable to foreign price fluctuations than the typical.  But hopefully this gives you a starting point until you can come up with a way of estimating your personal vulnerability.


"Most people cannot use pgp/gpg and setting it up would, in order to do that correctly, require voice fingerprint verification. Don't. Just write a word doc and either encrypt it when saving using the ""save as"" function or encrypt it using zip and email that to them. Then call them and tell them the password. Done."


Putting your money in the same account as a parent could cause many problems, with very few benefits. One of you would have to claim the dividends and capital gains that the fund might earn during the year. That person might have to pay taxes on those earnings. You would have to find some way of figuring out how to split the costs, and somebody would have to reimburse the other. If one person wanted to sell, figuring out which shares to sell would be much more complex. If these are retirement accounts, which have maximum limits based on income, and the use of other retirement accounts, there is no way to co-mingle the funds. Even if it was possible to combine the funds, the reality is that two people decades apart have different investment goals, and risk tolerances, so the types of investments that a great for one, are very poor for the other. The only benefit is that an existing account would already have more than the minimum investment, so some investments would be easier to make. Also some investments have lower fees if you meet specific investment thresholds. If the fund increases in value by 10% in a year, it doesn't make a difference if the value at the start of the year was 10K or 100K. The rate is the same. The benefits are minor and few; the drawbacks are many; and some situations make it impossible to co-mingle the funds.


**Retail apocalypse**  The retail apocalypse refers to the closing of a large number of American retail stores beginning in 2016. Over 4,000 physical stores are affected as American consumers shift their purchasing habits due to various factors, including the rise of e-commerce. Major department stores such as J.C. Penney and Macy’s have announced hundreds of store closures, and well-known apparel brands such as J. Crew and Ralph Lauren are unprofitable. Of 1,200 shopping malls across the US, 50% are expected to close by 2023.  ***  ^[ [^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/business/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot)   ^] ^Downvote ^to ^remove ^| ^v0.27


I'm looking for ways to geared to save for retirement, not general investment. Many mutual fund companies offer a range of target retirement funds for different retirement dates (usually in increments of 5 years). These are funds of funds, that is, a Target 2040 Fund, say, will be invested in five or six different stock and bond mutual funds offered by the same company. Over the years and as the target date approaches closer, the investment mix will change from extra weight given to stock mutual funds towards extra weight being given to bond mutual funds. The disadvantage to these funds is that the Target Fund charges its own expense ratio over and above the expense ratios charged by the mutual funds it invests in: you could do the same investments yourself (or pick your own mix and weighting of various funds) and save the extra expense ratio. However, over the years, as the Target Fund changes its mix, withdrawing money from the stock mutual funds and investing the proceeds into bond mutual funds, you do not have to pay taxes on the profits generated by these transactions except insofar as some part of the profits become distributions from the Target Fund itself. If you were doing the same transactions outside the Target Fund, you would be liable for taxes on the profits when you withdrew money from a stock fund and  invested the proceeds into the bond fund.


Unless you're going to claim that humans lack free will, you can't reduce human action to deterministic processes that you can test in a particle accelerator.  You reference experiments, but there have been no experiments. If you really are a physicist, I find it seriously disconcerting that you'd so flippantly conflate experimental data with observational data. They are not the same thing.   If you happen to know any statisticians, it might be worth your while to have a refresher chat on this distinction with one of them.  To put is very simply: the tools of physics are inappropriate for an analysis of any phenomenon that involves human choices, and if you insist on an empirical approach when key variables (the internal state of the mind) are not measurable, you are wrong.


I can assure you after seeing both versions of Layer Barns (Free Range and Industrial) I wouldn't eat anything free range. The industrial setup has more square feet per bird. Poop gets dried and shipped out of pens quick and eggs roll down hill to a conveyer. The other version is people picking eggs out of bird shit all day.


I agree with the premise and vehemently disagree with the solution!  Why in the name of all that is holy would you think giving the power to a random group of wealthy people is going to end up in ANY WAY better?!  They will take that power, and grab every thing they can!  The solution is ridiculous and DOESN'T follow from the problem!  If you want a solution, you want REAL oversight!  You want people checking these decisions and verifying them that you and the people can trust!  We don't trust the market!  We don't trust big money!  You don't trust the government!  That's why I was looking for a solution that works for everyone!  Why, after all that work we went through, have you thrown it all away and gone back to this tripe?!


"Yes, Steve Jobs slllooowwwlly learned to become better as time went on. He was never great at anything except presentations.  Steve Wozniak was never bad to begin with. And he also could have learned how to be better in presentations.  Do you understand what I am trying to say here?  Bad leaders with ""charisma"" are given unlimited credit while good leaders are not given a chance because ""no charisma"".  What do you think of Elon Musk? Does he have charisma?"


No. You have to reimburse the current mortgage you have and negociate a new one for your new house. A mortgage is a loan from a financial institution that accepts to give you money if you pay it back the total amount adding interests. Interests are the price you pay to the financial institution for it to give you money for a while. In the mortgage you have an legal agreement with the financial institution on how to reimburse the total amount that is given to you for a while. Breaking that agreement is breaking the law. The fact of the matter is that when 30% of your mortgage is reimbursed, the financial institution own your house, legally, for real, at 70%: your live in the house own by the financial institution at 70%. It is the same exact logic for a car loan. The mortgage goes with a specific house at a legal address that you live in as a primary residence.


If you leave your job (or lose it) the loan is due on separation. You'll pay tax and a10% penalty.


> We're talking about low paying jobs.. and if there's more applicants than jobs than why are staffing companies HUGE right now?  Yeah I'm talking about low paying also. Staffing companies are huge because you can try before you buy. Understand? Your argument just fell apart. Just because there is correlation, it doesn't mean they are related. ***We have tons of illegals and even more unemployed people***   > . Because can't fill the jobs like they want. There's absolutely a ton of demand for low paying workers all around.  Lets see some proof because there is no shortage in most of the country unless you're talking about the ones on farms possibly. We have an extremely high unemployment rate.  >  Places can't keep or find people even to stay for a month.   Maybe thats because they are drug addicted losers or shitty workers. Ever thought of that? That doesn't mean there is a shortage of employees, there is a shortage of good ones  > Anyone that's ever applied knows these places also end up having tons of overtime because they don't have enough help  Wrong, zero evidence and its clearly wrong. No one wants to give these people benefits so they often don't even hire them as full time in any medium-large size company   > Your idea is to take all three of illegals , felons and potheads out of jobs yet somehow still filll these jobs that staffing companies have been trying to fill.  In LA, we have no shortage and it applies to tons of places. Throw the illegals out, they don't belong here.  Felons, someone can hire them, I won't.  Potheads, someone will hire them too, but I won't hire someone that comes to work high, lacks motivation, and is not happy. I want employees that want to work and want to grow. With those type of employees, not only do businesses grow and become more successful, but those employees can get promoted and do better in life. I want my employees to do well in life because to me, the good ones are family.


Hey all,  I have no idea what to do in order to calculate the wacc. It just doesn't make sense to me! And more so, understanding the circumstances in which it would be appropriate to use the company's wacc as the discount rate in the project.   The Australian company tax rate: 27.5%  Applicable date for risk free rates: 28/8/17  10 year rate for risk free: 2.615%  8 year risk free rate- 2.505%  Credit spread for corporate bond: 95bp  I just don;t understand what I am supposed to do!


Most places have property taxes so I'd be shocked if the UK didn't.  If people didn't have to pay income/VAT/sales taxes then they would be able to afford the higher property taxes.  It is probably true enough though that the government is likely to not raise as much revenue (though that isn't guaranteed: more efficient taxation collection combined with more objective/simple rules for business is likely to increase real economic growth).  As a person who thinks government has expanded well beyond what is good for society however, I see the shrinking of government as a good thing.


Just gotta weigh that against any perceived benefit. Regardless, I wouldn't personally use a static salt alone, because that would lower security dramatically if it was ever discovered. Creating a single rainbow table using a known static salt is much easier than 100 million with unique salts. It's a gamble whether they're dumping your database from an exploit that would give them access to that information.


Facebook is worth money because it exploits humanity's social instincts to generate ad revenue. No website has ever managed to sustain that for more than 10 years (across generations) and at some point it should be a fantastic short.


You want CFP or CFA who is also a fiduciary, meaning that by law they have to put your interests ahead of their own. Financial planners who are not fiduciaries can, and often do, recommend investment vehicles that earn them the most commission with little regard of your financial goals. If you already have $500,000 to invest and racking up $100,000 a month you probably qualify for most institutions private client programs. That means that the firm/advisor will look at your financial situation and come up with a custom-tailored investment plan for you which should also include tax planning. I would start with whatever financial institutions you already work with - Schwab, your bank etc. Set up a meeting and see what they have to offer. Make sure you interrogate them about their fees, their licenses/certifications and above all if they are a fiduciary.


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


I can't speak to New Zealand law, but under US law, it's not a gift, so there is no tax. But there are some practical considerations. How good a relationship do you have with the banks on each end of the transfer? Transfers in the neighborhood of USD$10,000 are automatically considered suspicious and the banks are required to take extra steps to ensure you are not laundering the proceeds of criminal activity, funding terrorism, evading taxes, etc. You will have to fill out quite a bit of paperwork.


> I'm saying that instead of some of these companies spending 70% of their earnings on stock buybacks they should reinvest that money into their employees and **pay out larger dividends to shareholders**.  Wait...what? What do you think the difference between dividends and buybacks is? Buybacks and dividends are just different ways of distributing cash to shareholders. The main difference is that with a buyback, shareholders can choose whether to cash out or hold.


"i think we are roughly in agreement, but i should stress:  > Can't blame capitalism for shitty politicians  shitty politicians are a natural result of capitalism out of control - the big owners call the shots. the politicians that take the bribes win elections bc the money buys exposure thru (once again private) media.   the politicians with any amount of ethics or servitude to their electorate will be starved of funds. they tend to lose. the evolution of the honorable politician to the corrupt one has been a consequence of obscene money. the sort of money that apple et al make. or the most insidious: the federal reserve, which is PRIVATELY owned by a cabal of the richest bankers. they get to print money to ""lend"" to the government at interest whenever the gov needs to issue bonds. they determine interest rates. their objective is to make more money for themselves. they are not there to provide a service to the people.   TL;DR you cannot get non-shitty politicians without controlling capitalism. adam smith warned us 250 years ago in his seminal wealth of nations that a business-dominated political system would allow a conspiracy of businesses and industry against consumers:  ""the interest of manufacturers and merchants .. in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public ... The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention."""


If you want to use that money and maybe don't have the time to wait a few years if things should go bad, than you will definitely want to hold a good bunch of your money in the currency you buy most stuff with (so in most cases the currency of the country you live in) even if it is more volatile.


You might want to talk with your financial planner about any or all of the following: as well as Some of these offer the guarantee of a minimal amount of interest, as well as the ability to take a loan out against the cash value, without lapsing the policy.  They may also offer certain tax advantages depending upon your jurisdiction and situation.


I'd say yes, and hope that my anecdotal evidence serves as proof. My IRA is not a margin account. It can't be.  I attempt to create a covered call, buying a stock at say $20, and selling a call for $4, for net $16 cost. The account only had $1610 at the time, and the trades go through just fine. Yes, I needed to enter as a limit order, at the same time, a single order with the $16 debit limit.  If this is not enough proof, I'd be curious - why not? The option proceeds must clear, of course, which it does.


Forgot the /s  Not only do we have the same government, but also have large ALEC financial supporters right here in our state. We also have about 3 billion more debt, public jobs such as police and teachers fleeing the state, scrapped road maintenance, etc. etc.


"The difference it makes is in the magnitude of risk difference people will need in order to overcome the amount they're paying to keep their money ""safe"".    For example, if someone charged me $100 to keep $10,000 of my money ""safe"", such that I felt very very confident in getting $9,900 back at the end of a year, I might go for that if the only alternatives are to move it somewhere where there's a good chance I get less than $9,900 back at the end of a year.  In short, I might feel I lose less by paying that -1% interest rate."


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Lets be honest. Credit bureaus are too integral to the financial system. Equifax wont see any consequences from any of this, and none of the executives responsible will be held accountable. The investors, executives, and government officials all know that this crisis will blow over after a few weeks and everybody will forget it happened. Hell, the mainstream media have barely even covered it, and everyone i talk to about it either doesnt care, doesnt understand the impact, or doesnt even know what Equifax is.


the taxi industry?  each city has it's own way of regulating taxis, car service, and limos (a lot of times they fall under different jurisdictions).  the regulatory bodies aren't really a cash crop for municipalities.  radio companies and fleet owners are separate a lot of times, and neither are really rolling in the dough (a fleet owner i know drives a 2004 camry and only recently was able to buy a house in his 60's).  the drivers usually lease from the owners, and bring home about $20,000 a year even if they take radio calls and drive like a maniac.  it's not some giant industry monopolized by bigwigs holding everyone back with their draconian style of operation.  it is easier to compare taxis and car service to other public services like buses and trains.


I think your reasons are good. Fundamentally accounting software is built to ensure you record your accounting data effectively with minimal mistakes and good auditing. But you still need to use the tool properly to get the benefit. One other advantage is that many accountants are familiar with, say QuickBooks, and can do your accounts more effectively if you use their preferred tool.


> Queue the increased prices at the grocery store  Nope, we will eat the rise in cost. Grocery stores are in an all war of attrition and the ones who don't keep prices low are going to lose all their customers.      Really the only thing going up in cost lately that saw a retail raise was Asparagus, but that was due to rain.


I had a situation like this also. A client deposited an IRA check to his local P.O. prior to collection p/up, thinking this meant it would be postmarked April 15. It may have been picked up, but wasn't postmarked until the next day, and my firm refused to consider it as timely. I do remember discussing it w/my Retirement Services Dept. Maybe they made an exception for me and my client, but maybe not. I don't remember. Good luck.


> … Sycamore lined up financing from **UBS Group AG, Bank of America Corp.’s Merrill Lynch, Deutsche Bank AG, Credit Suisse Group AG, Royal Bank of Canada, Jefferies Group LLC, Wells Fargo & Co. and Fifth Third Bank. Merrill Lynch and Deutsche Bank** …  > Staples, meanwhile, got financial advice on the deal from **Barclays Plc and Morgan Stanley** …   Any banks in the world missing?


The bank doesn't keep it. It will stay unclaimed until the unclaimed assets process in the state that the bank branch is in kicks in. At that point it it a state by state process, with each state being different. You will need to inquire to the state government about what the process is in that state. (This will probably be searchable online.)


"See comment on how ""self made"" bill gates is, and he's probably legitimately one of the more self made people to make that list. ""Self"" made people come from very wealthy families. If I give you a loan of a million bucks to make a company and financially support you for two years while you wait for the business to make money you're still ""self made"". Just view how they calculate it. It's horse shit"


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Having your own list and marketing to it is essential. What happens when any of those social platforms changes their TOS? You are totally dependent on another platform for your business. I wouldn't do that. Do social, sure, but have your own email list.


You are right that Facebook really doesn't get impacted as they got their $38. However it would make it slightly more difficult for Facebook to raise more money in future as large investors would be more cautious. This can keep the price lowers than it actually needs to be. Quite a few companies try to list the IPO at lower price so that it keeps going up and have more positive effect overall there by making it easier for future borrowings. See related question Why would a company care about the price of its own shares in the stock market?


"As a Brit, I try to avoid just saying ""no"" outright at work. Rather, I would question why they needed something if I didn't see the need for it (it may well be that I'm just not seeing something that they are, because they have more experience). I also try to phrase questions in a way that is respectful and doesn't back my superiors into a corner. Of course ultimately it just comes down to social skills which you'd use in daily life outside work anyway."


Definitely the wrong sub to ask this in, for two reasons:  a) That is going to be specific to the player base of the game and how they will react. Without understanding the value of the chests to the players it won't make much sense to respond.  b) /r/economy is mostly just a place to read posts by dipshits who don't know anything about the economy or the field of economics. Any actual economic information you may want in the future is best found at /r/economics.


Wells Fargo WFC +2.14% & Co. has fired four foreign-exchange bankers amid an investigation into that business by both the bank and regulators, according to people familiar with the matter and the bank.  The firings and investigation are the latest problem to hit Wells Fargo, which has been grappling for the past year with the fallout from its sales-practices scandal. This summer, the bank disclosed that a review of its businesses in the wake of that scandal had also revealed problems related to improperly charging customers for certain auto insurance and mortgage products.  The bank’s issues, though, had mostly been confined to the retail-banking business. The foreign-exchange investigation now shows there is also trouble in Wells Fargo’s investment-banking arm. The issues have emerged separate from a review of business practices in the wake of the sales-practices scandal, according to a person familiar with the matter.  A Wells Fargo spokeswoman confirmed the firings after inquiries from The Wall Street Journal.  Separately, the Office of the Comptroller of the Currency earlier this week sent a confidential report to Wells Fargo about the auto-insurance product issues. That said the bank may need to refund to customers more than the $80 million the bank had previously cited, according to a person familiar with that matter.  The foreign-exchange firings come just weeks after Wells Fargo chief Timothy Sloan was castigated during a Senate Banking committee hearing for the bank’s conduct and culture, such as how problems happened for many years and why more wasn’t done to stop them. Sen. Elizabeth Warren (D., Mass.) said more had to be done at the bank in light of recent problems that have emerged and she called for Mr. Sloan’s firing.  Mr. Sloan defended the bank and its handling of problems, pointing to a number of changes he has made over the past year in the operations of the retail-banking business.  It isn’t yet clear what issues drove the firings in Wells Fargo’s foreign-exchange business. But the bankers involved were fired for cause, according to a person familiar with the matter.  The terminations occurred as the bank is conducting an internal investigation and as federal regulators have been examining practices in the business, according to a person familiar with the matter.  Those fired, the people said, were Simon Fowles, recently head of foreign exchange trading; Bob Gotelli, recently head of foreign exchange sales; Jed Guenther, recently a regional head of foreign exchange; and Michael Schaufler, chief spot dealer.  The bankers didn’t immediately respond to requests for comment or declined to comment.  The prior head of the foreign exchange group, Sara Wardell-Smith, was moved to a different role at the bank, the people said. Ms. Wardell-Smith’s LinkedIn profile refers to a role beginning in October leading part of Wells Fargo’s financial institutions group. She had held several roles in the bank’s foreign-exchange group after joining Wells Fargo in 1995 and led the group for the past decade.  Ms. Wardell-Smith didn’t respond to requests for comment.  The bank spokeswoman said Ms. Wardell-Smith accepted a new position as Americas regional leader in Wells Fargo’s financial institutions group. She added that the bank’s foreign-exchange business “will continue to serve our clients under the leadership of Ben Bonner.”  Wells Fargo’s investment-banking, securities and markets division, known as Wells Fargo Securities, is a fraction of the size of its U.S. big-bank peers. Its U.S. investment-banking market share is just about 4% as of September, according to research firm Dealogic.  And Wells Fargo’s foreign-exchange desk doesn’t do as much business as other banks, industry participants have said. Wells Fargo doesn’t break out financial results or metrics for that group.  Unlike many other big banks, Wells Fargo’s foreign-exchange operations weren’t caught up in investigations into collusion between market participants to move foreign-currency rates for their own financial benefit. Those investigations led to more than $5 billion in combined penalties at U.S. and European banks and a guilty plea to criminal charges.   In regard to the retail-bank problems, the report sent to the bank by the OCC this week said Wells Fargo was too slow to identify and correct problems related to auto-insurance products known as collateral protection insurance, a person familiar with the matter said. The OCC report was first reported by the New York Times .  The OCC did acknowledge that the bank has ended the auto-insurance practices, changed management and restructured the group responsible for the sales.  An OCC spokesman declined to comment on ongoing supervisory matters.  Another Wells Fargo spokeswoman reiterated that the bank discontinued the product at issue.  “We will continue to work with regulators on the remediation and will make improvements to our auto lending business,” the spokeswoman said.


Bất cứ khi nào bạn muốn cải thiện điều kiện nhà với vật liệu chất lượng cao của thạch cao hoặc trang trí trần nhà. Điều này sẽ giúp bạn tiết kiệm được rất nhiều nỗ lực và số tiền bạn phải trả cho một chuyên gia để làm lợi cho bạn. Với những chương trình như vậy, bạn tin tưởng vào những kết quả nhanh chóng với một cú nhấp chuột máy tính. Cải tạo, cải tạo, sửa chữa phát triển, thi cong tran thach cao và các công trình khác. Để phân tích nhanh hơn, hãy đảm bảo bạn biết từ khóa và cụm từ tìm kiếm, ví dụ: Trần giả có thể được làm từ các chất khác nhau bao gồm Thạch cao, Khoáng chất Khoáng sản và Kim loại.


A day is a long time and the rate is not the same all day. Some sources will report a close price that averages the bid and ask. Some sources will report a volume-weighted average. Some will report the last transaction price. Some will report a time-weighted average. Some will average the highest and lowest prices for the interval. Different marketplaces will also have slightly different prices because different traders are present at each marketplace. Usually, the documentation will explain what method they use and you can choose the source whose method makes the most sense for your application.


"Home Improvements that improve the home's Energy Efficiency are currently eligible for federal tax credits. This includes renewable energy equipment (solar panels, etc.) and Nonbusiness Energy Property Tax Credit. The credit is 30% of the cost. From Intuit Turbo Tax: Energy Tax Credit: Equipment and materials can qualify for the Nonbusiness Energy   Property Credit only if they meet technical efficiency standards set   by the Department of Energy. The manufacturer can tell you whether a   particular item meets those standards. For this credit, the IRS   distinguishes between two kinds of upgrades. The first is ""qualified energy efficiency improvements,"" and it   includes the following:   •Home insulation   •Exterior doors   •Exterior windows and skylights   •Certain roofing materials The second category is ""residential energy property costs."" It   includes:   •Electric heat pumps   •Electric heat pump water heaters   •Central air conditioning systems   •Natural gas, propane or oil waterheaters   •Stoves that use biomass fuel   •Natural gas, propane or oil furnaces   •Natural gas, propane or oil hot water boilers   •Advanced circulating fans for natural gas, propane or oil furnaces"


Canada doesn't seem to have a gift tax. http://www.taxtips.ca/personaltax/giftsandinheritances.htm


I started a copy shop in 1996 and found my notebook from that period just the other day. I was OBSESSED with copyright issues and how Kinko's had closed 25% of their stores -- mostly in college towns where they do course packs. Turns out, if you're NOT a multi-million dollar national chain, the book publishers DON'T want anything to do with persecuting you.   You're overthinking it IMHO. Talk to an insurance agent and a lawyer and you should be fine.


> IMHO the best model would be to allow students to access resources in isolation then arrange a catch-up class with a facilitator to encourage discussion.   Yes, more or less.  Back to the original topic: in other areas, the use of robots must be restricted, or not allowed, or taxed, or must be always supervised by a human.  Examples:   1. No robot allowed: customer service (talking and handling customer requests and inquiries), medicine (a human doctor must see you), teaching in class.   2. Robot must be supervised: robotic soldiers in the army, robotic repair crews, robotic maintenance crews, robotic construction crews, etc.  3. Robot must be taxed: manufacturing, menial work  4. Restrictions: Robots can cook and serve in restaurants, but cannot handle the management of the restaurant.


Yep, there just is no free lunch.  So called high dividend stocks are usually from companies that have stable cash flows but relatively little or moderate growth potential. Utility companies come to mind, let's take telecommunications as an example.  Such stocks, usually, indeed are considered more conservative. In a bull market, they won't make high jumps, and in a bear market they shouldn't experience deep falls. I mean, just because the stock market fell by 10%, you're not going to stop using your phone. The stock might suffer a bit but the divided is still yielding you the same. However, fundamental data can have a significant impact. Let's say a recession hits the country of the telco. People might not get the newest iPhone and lock in to an expensive contract anymore, they might use cheaper forms of communication, they might stop paying bills, go bankrupt etc. This will have a severe impact on the company's cash flow and thus hit the stock in a double whammy: One, the dividend is gone. Two, the price will fall even further.  There are basically two scenarios after that. Either the recession is temporary and your stock became a regular growth stock that at some point might bounce back and re-establish at the previous levels. Or the economy has contracted permanently but regained stability in which case you will again have a stock with a high dividend yield but based on a lower price. In conclusion: High dividend stocks make sense in a portfolio. But never consider their income to be safe. Reduce your risk by diversifying.