It's kind of like a fat guy bellyflopping into a pool from the high diving board; the wave travels out, reflects off the side of the pool and comes back to you a little later.  GFC I causes increased government spending to bail out banks/stop economies going into reverse. It also causes a tightening of the credit markets as fake paper goes bad. So the deficit can't be cheaply covered where financiers (who's fraud caused GFC I) don't see an easy return. So we get GFC II as sovereign entities go bad; caused by GFC I and those self same fraudulent bankers.  Who still aren't in jail, and are still paying themselves bonuses.


I have been in this situation and I essentially went for the truthful answer.  I first explained that co-signing for a loan wasn't just vouching for the person, which I certainly would do, but it was putting my name on the loan and making me the person they loan company would go after if a payment was ever missed. Then I explained that even within married couples, money can be a major source of strife and fights, it would be even worse for someone not quite as close like a family member or friend. Essentially I wouldn't want to risk my relationship with a good friend or family member over some financial matter.


What a stupid article. Does he think time stands still if Uber grows? Nobody will ever be able to offer rides at a reasonable cost?   Does he think that money will keep pouring into Uber forever, allowing them to do what? Lose money on a service?


I do not think banks have an obligation to report any deposits to the IRS, however, they probably have an obligation to report deposits exceeding certain threshold amounts to FinCEN. At least that's how it works in Canada, and we're known to model our Big Brother-style activities after our neighbour to the South.


">However, unfortunately, teaching is provided by the government mostly, they pay terrible salaries for teachers and the government would like to cut costs.   >So my guess is that there will be a push for less teachers, or ""on-line"" teacher conference-call, and other crap, but they will definitely teach for technology to replace teachers.  I think the solution to education lies somewhere in between human interaction and automation. It's a complex problem which need a thorough analysis to figure out the way forward. Our education system is definitely broken and perhaps automation is could be the answer."


they did crash because supply caught up to demand.  > because the only reason people were buying them is because they would go up in value  that is the explanation for why price shot up so quick.  > Sounds exactly like Bitcoin in my opinion  There's genuine utility in cryptocurrency.  Bitcoin is the anchor to all of them.  Btw, there is significant cost to mining bitcoin  > How many people do you know using Bitcoin as a currency?  You can pay bills with it.  A lot better than gold in that regard.  >  It isn't backed by a government or military  historically always a terrible thing for every currency.  The freedom from political whim based valuation is a plus.  > When it crashes and criminals are the only ones using it, then what is it worth?  Criminals would be better off using cash or Monero (a crypto with better privacy safeguards).  But criminal can be a bit subjective.  Bitcoin for instance is the best vehicle for transporting money protecting from thieves whether or not they are government employees.  >  Maybe $100 a coin? $10? Who knows, it sure as hell isn't $5,000 a coin though.  I think we'll see $5000 again, before $3000 or $1000.


"I think it would be worth it for you to look into something called a ""Self-directed IRA"" before you make any decisions. Sometimes the costs can be a little higher, but you may find the flexibility worth it. Basically, instead of being limited to a small set of mutual funds from which to choose, having the money in a self-directed IRA would let you branch out into real estate, gold, or other vehicles that aren't part of the usual 401K landscape. And count me as another vote for not taking the cash. MrChrister is right, there are plenty of other ways to pay that off without the penalty."


Yes you can, provided if buyers are available.  Normally high liquidty stocks can be sold at market prices a little higher or lower.


My wife and I do this. We have one account for income and one for expenditures (and around 7 others for dedicated savings.) Doing this we are forcing ourselves to keep track of all expenditures as we have to manually transfer funds from one to the other, we try to do this periodically (every Wednesday) and then keep the expenditures within what is actually on the account. It is a really good way to keep track of everything. Bear in mind that our bank provides a fast handy smartphone app where we both can check our account as well as transfer funds in less than 10 seconds. (Fingerprint authentication, instant funds transfer as well as zero fees for transfers.) Right now we have a credit card each attached to the expenditures account, but earlier we only had a debit card each and no credit cards. Meaning that when the weekly funds ran out we where simply not able to pay. We did this to mimic living only on cash and when the cash runs out you simply have to stop buying stuff. And at the same time we could accrue quite a bit of savings. I would definitely recommend this if you have problems with over expenditures.


Buy low and sell high.  Right now stocks are cheap (or at least cheapish).  If you wait for better forecasts, the price will be higher.  They might go down still farther, but no one knows for sure when that will happen, or where the bottom is -- despite what the talking heads on TV say.  Remember that what you really care about is sell price minus purchase price (plus dividends, but I'll ignore that).  What happens between the time you buy and the time you sell is irrelevant financially, but can be important psychologically. If it was me, and you are sure you won't need the money for at least 10 years, or better still 15-20, I would buy some index funds.  Pick something that you are comfortable with (some are more aggressive/risky than others), and then only look at it a few times a year, if that much.  Only do this as long as you are sure that you won't sell if the market drops further. That is a guaranteed way to lose money. This is what I've been doing for my retirement funds for 15 years, and its worked well so far.


That's because the brands haven't been announced, even internally yet. Keep in mind that P&G is a global company and many of the brands that will be cut from the portfolio are regional ones you've likely never heard of.  Additionally, many of the brands will likely be sold to other companies rather than just dropped altogether so you won't lose your favorite products.  Edit: [WSJ has made predictions of the brands that P&G will drop from their portfolio.](http://graphicsweb.wsj.com/documents/doc-cloud-embedder/#1239394-brandlist20140801)


I didn't have a a problem with BWW last time I went with a bunch of people. However that's was a while ago, their locations are sparse and inconvenient, and every pizza place serves wings. I don't remember their prices but I do know that attacking their target audience is a bad move.


I understand how it works very well - as Europes financial centre. I understand that without UKs EU membership those days are gone. I understand that rents in Frankfurt are skyrocketing because banks are fleeing a sinking ship. Without financial passporting rights to the worlds second largest economy London as a financial centre is finished. New York does well because it's part of Americas economy, Hong Kong does well because it's part of China's economy.


That's not true. What drags down the profitability of public transportation networks are human resources, in particular retirement funds.   High speed networks are more modern and operate with less people per passenger.km and thus are much more profitable, even with high initial investments.


I'm pretty sure my dog is better at catching balls than I am, also dogs don't think that the alignment of the stars during their birth had any affect on how happy they are.   I read a book called *The Drunkard's Walk* and in it they talk about a experiment where humans and rats were shown a deck of cards that was 2/3 red and 1/3 black. When humans were asked to guess the cards, they guessed black 1/3 of the time, and red 2/3 of the time, while rats picked red every time. Humans were right about 60% of the time, rats were right 2/3 (66.7%) of the time. Rat brains are more correct than human brains.


"I think that ""better"" is up to a discussion, but the difference is that while in trust you can control the money after your death in some way - giving it directly to children means you have no such control. I.e.: in trust you can stipulate that the children will be able to spend the money under certain terms or in certain ways (for example - for college, only after getting married, no more than 10% of the value a year, etc), giving their names as the beneficiaries means that they get the money and can do with it whatever they please. BTW: ""Minor"" has nothing to do with it. They don't have to be minors, or your children at all."


Yes, I think you will be able to withdraw from your 401(k) without penalty. Normally, you need to be age 59½ before you can withdraw without incurring a 10% penalty.  However, an exception to this rule is described in an IRS 401(k) Resource Guide: Exceptions. The 10% tax will not apply if distributions before age 59½ are made in any of the following circumstances: What this means is that if you leave the company that you have the 401(k) with in the calendar year that you turn 55 (or later), you can take early distributions from the 401(k) without penalty.  This year is the year that you turn 55, so it appears that you are eligible for early distributions under this rule.


"NN doesn't have to do with what your describing.  But let's follow your thought scenario: Why should ISPs be allowed to charge twice for the same service? The ""free delivery"" you listed isn't free. I as a consumer already pay for it. And I choose who gets my traffic. Why should ISPs be allowed to then also charge companies? Why should they be allowed to choose whose content I want to have use the service I pay for? If you don't like Amazon don't pay Amazon with your traffic. Or Google. They ""rely"" on your desire to use them via the service you pay for."


Depends on the type of documents, if they are just sales flyers you can email/post on website etc.  IF they are medial records or some other sensitive information you need to have something with access controls encryption and logging/auditing capabilities... Some places use sharepoint or just have a shared drive where the docs are stored.


Law Office of Daniel J. Caplis Daniel J. Caplis is the founding partner of the Law Office of Daniel J. Caplis, and he has been practicing law for more than 30 years. In his first year out of law school, Daniel J. Caplis served as the lead trial attorney in a medical malpractice case that involved horrible birth injuries to a set of triplets. After the case, Daniel J. Caplis knew he wanted to spend the rest of his career defending those whose lives were changed forever because of the carelessness of others.


Cripes, did anybody think to proofread it in all that time? It has random spaces in the middle of every other word. From the executive summary it looks like a fairly optimistic overview of transhumanist goals (which I've been aware of and supported for years now, thanks kindly) without anything that should cause you to flip a shit as you have here.   There's nothing inherent to human enhancement or future technology that suggests less privacy or liberty for individuals - in fact a lot of human snooping, minding, and emergency decision-making can be replaced by automated systems with memories kept short by law. If all you're concerned about is the potential abuses by tyrannical governments then you're never going to welcome any technological change in the future and you probably find yourself at odds with most of the advances from the 20th century. Tyrannical governments can ruin and abuse *anything.* Any ex-Soviet will tell you they can be just as nosy and suppressive with pen and paper as with computers and nanomabots. The control problem you seek to address is tyranny, not technology.  I'm skimming through this bloody massive document and not seeing anything so horrible that unfamiliarity warrants accusations of mental deficiency. It looks like five hundred pages of breathless futurism with plentiful concern for privacy. Point me toward the bug up your ass or I'm just going to write this off as luddite fearmongering.


Typical costs to buy might include: One piece of advice if you've never bought, fixing problems with a house always seems to cost more than the discount in price due to the problems. Say the house needs a 15K new kitchen it seems like it will be just 7K cheaper than a house with a good kitchen, that kind of thing. Careful with the fixer uppers.  Costs to sell include: Doing your own cleaning, repairs, moving, etc. can save a lot.  You can also choose to work without an agent but I don't know how wise it is, especially for a first time buyer. In my town there are some agents that are buyers only, never seller's agents, which helps keep them unconflicted.  Agent commissions may be lower in some areas or negotiable anywhere. Real estate transfer taxes may be owed by buyer or seller depending on location: http://en.wikipedia.org/wiki/Real_estate_transfer_tax


Terrible analogy. It's a gross oversimplification and any attempt to respond within it's parameters won't make sense.   Boeing wants to reduce costs in order to remain competitive and because it's a public company. Boeing's union workers are overcompensated. They want to move states in order to reduce labor costs. Washington State paid out to keep them around.


As you are 14, you cannot legally buy premium bonds yourself. Your parents could buy them and hold them for you, mind you. That said, I'm not a fan of premium bonds. They are a rather weird combination of a savings account and a lottery. Most likely, you'll receive far less than the standard interest rate you'd get from a savings account. Sure, they may pay off, but they probably won't. What I would suggest, given that you expect to need the money in five years, is simply place it in a savings account. Shop around for the best interest rate you can find. This article lists interest rates, though you'll want to confirm that it is up to date. There are other investment options. You could invest in a mutual fund which tracks the stock market or the bond market, for example. On average, that'll give you a higher rate of return. But there's more risk, and as you want the money in five years, I'd be uncomfortable recommending that at this time. If you were looking at investing for 25 years, that'd be a no-brainer. But it's a bit risky for 5 years. Your investment may go down, and that's not something I'd have been happy with when I was 14. There may be some other options specific to the UK which I don't know about. If so, hopefully someone else will chime in.


"To answer your question briefly: net income is affected by many things inside and outside of management control, and must be supplemented by other elements to gain a clear picture of a company's health. To answer your question in-depth, we must look at the history of financial reporting: Initially, accounting was primarily cash-based. That is, a business records a sale when a customer pays them cash, and records expenses when cash goes out the door. This was not a perfectly accurate system, as cashflow might be quite erratic even if sales are stable (collection times may differ, etc.). To combat problems with cash-based accounting, financial reporting moved to an accrual-based system. An accrual is the recording of an item before it has fully completed in a cash transaction. For example, when you ship goods to a customer and they owe you money, you record the revenue - then you record the future collection of cash as a balance sheet item, rather than an income statement item. Another example: if your landlord charges you rent on December 31st for the past year, then in each month leading up to December, you accrue the expense on the income statement, even though you haven't paid the landlord yet. Accrual-based accounting leaves room for accounting manipulation. Enron is a prime example; among other things, they were accruing revenue for sales that had not occurred. This 'accelerated' their income, by having it recorded years before cash was ever collectible. There are specific guidelines that restrict doing things like this, but management will still attempt to accelerate net income as much as possible under accounting guidelines. Public companies have their financial statements audited by unrelated accounting firms - theoretically, they exist to catch material misstatements in the financial statements. Finally, some items impacting profit do not show up in net income - they show up in ""Other Comprehensive Income"" (OCI). OCI is meant to show items that occurred in the year, but were outside of management control. For example, changes in the value of foreign subsidiaries, due to fluctuations in currency exchange rates. Or changes in the value of company pension plan, which are impacted by the stock market. However, while OCI is meant to pick up all non-management-caused items, it is a grey area and may not be 100% representative of this idea. So in theory, net income is meant to represent items within management control. However, given the grey area in accounting interpretation, net income may be 'accelerated', and it also may include some items that occurred by some 'random business fluke' outside of company control. Finally, consider that financial statements are prepared months after the last year-end. So a company may show great profit for 2015 when statements come out in March, but perhaps Jan-March results are terrible. In conclusion, net income is an attempt at giving what you want: an accurate representation of the health of a company in terms of what is under management control. However it may be inaccurate due to various factors, from malfeasance to incompetence.  That's why other financial measures exist - as another way to answer the same question about a company's health, to see if those answers agree. ex: Say net income is $10M this year, but was only $6M last year - great, it went up by $4M! But now assume that Accounts Receivable shows $7M owed to the company at Dec 31, when last year there was only $1M owed to the company. That might imply that there are problems collecting on that additional revenue (perhaps revenue was recorded prematurely, or perhaps they sold to customers who went bankrupt).  Unfortunately there is no single number that you can use to see the whole company - different metrics must be used in conjunction to get a clear picture."


Air Conditioners are very important in our life as it not only provides us cool air but also the fresh air that free from dust and pollution. So, before employing a repairing person, confirm that they are authorized, guaranteed and convey the required information and experience to benefit your Air Conditioner.


I think the question relates to the discussion here: http://clarkhoward.com/liveweb/shownotes/2010/10/05/19449/ It was always the case that merchants could discount purchases made with cash.  What wasn't allowed is allowing the merchant to charge extra for credit card transactions (presumably to cover the fees the merchants pay).  These fees usually carry a flat fee per transaction, plus around 2% of the purchase price.  What also wasn't allowed was them to refuse any credit transactions.  People could charge a pack of gum, even if the fees put that transaction in the red. What's allowed according to this new development is different levels of discounting for different credit cards. Somewhat related to this discussion is another development that happened this summer: merchants now have the ability to refuse credit card transactions of less than $10. Here's my feeling on all of this.  I think we'll see merchants imposing minimum credit transaction amounts before we see them monkeying at the 1-2% level on pricing for different types of credit cards.  My feeling is that they'd be wise not to change anything, even though they can.  Refusing transactions (or charging more for others) is going to come as a unpleasant shock to enough people that they may take their business elsewhere.


You are an internship. I worked at Citibank in highschool as a junior financial advisor and I sat for 8 hours on Saturday cold-calling clients with +$150,000 sitting in the bank.   I did this for 5 months until I got fed up with it, but the point is your an intern, don't expect the stars.


I'm on the other end of the spectrum. I'll never buy an e-book, I don't like reading off a screen.  But that's only part of the issue. You can't trade e-books, you can't put e-books in your library, and you can't buy used e-books. If you don't have a charger and you run out of battery, you're screwed.  My biggest thing is I can't put them on bookshelves...I have a mini library starting and I really enjoy having physical books around I can pick and choose from whenever I feel like reading.  For me, the only e-books worth considering are textbooks. I keep 5 textbooks on my iPad and it lightens my load considerably. I can bring them all to my classes and not have to lug around 20 lbs of books. But the difference with textbooks and books I read for fun are that I don't keep my textbooks around when I'm done with them.


There are, of course, many possible financial emergencies. They range from large medical expenses to losing your job to being sued to major home or car repairs to who-knows-what. I suppose some people are in a position where the chances that they will face any sort of financial emergency are remote. If you live in a country with national health insurance and there is near-zero chance that you will have any need to go outside this system, you are living with your parents and they are equipped to handle any home repairs, you ride the bus or subway and don't own a car so that's not an issue, etc etc, maybe there just isn't any likely scenario where you'd suddenly need cash. I can think of all sorts of scenarios that might affect me. I'm trying to put my kids through college, so if I lost my job, even if unemployment benefits were adequate to live on, they wouldn't pay for college. I have terrible health insurance so big medical bills could cost me a lot. I have an old car so it could break down any time and need expensive repairs, or even have to be replaced. I might suddenly be charged with a crime that I didn't commit and need a lawyer to defend me. Etc. So in a very real sense, everyone's situation is different. On the other hand, no matter how carefully you think it out, it's always possible that you will get bitten by something that you didn't think of. By definition, you can't make a list of unforeseen problems that might affect you! So no matter how safe you think you are, it's always good to have some emergency fund, just in case. How much is very hard to say.


"Why does it have to be a central authority?  We collect taxes on local, state, and federal levels.   My question is that we, in the USA are (in my opinion) to fixated on the taxes that rich people might pay and that if we ""anger them"" with higher taxes, they will run away.  Where is the concern for the welfare of the working man and his family?"


"Bitcoin Well, the market cap is still way too low to transfer ""huge"" amounts of money, but that's hopefully a temporary problem. See also Bitcoin Stackexchange for further questions."


AMD is doing more than just laying off staff. Their earnings report also includes sales of real estate and other turn around strategies that could be reflected in the stock coming up on hope from investors. At the same time, consider how much of an up is a definite sign of positive news and how much may just be random noise as even a broken clock will be right twice a day. Often there will be more than just an announcement of x% of staff being laid off. There will be plans to improve future profits and this is what shareholders would want to know. What is the management doing to move the company forward to better profits down the road.


If the work is done in India, then the income arising out of it, is taxable when received by you, and not when it come into India ...


"I would say it actually applies to more readily to things like eating dinner than moral acts. The rationalization part need not be a justification, it may simply be the narrative your mind creates to give the illusion of agency to the actions you perform.  What I was getting at originally though is that most people rationalize emotional decisions after the fact. The mark of a higher moral being is one whose rational morals are informed by but ultimately supersede its  emotional instincts.   Your counterexample of ""Deserved"" is telling. There are two distinct lines of thought in justice: punitive and preventative. Punitive focuses on retribution, while preventative focuses on isolation or elimination of an individual from a situation where it can do further harm.   I think most punitive measures are at heart an emotional response to a situation or an entity, while preventative (usually) is informed by emotion but ultimately rational. This is another division in the potential reasons why someone might cheat a large faceless organization: on the emotional side one might live in a dramatically unequal society in which such organizations often blatantly act in a manner which is contrary to all social conditioning we receive from a very young age. Despite this, they thrive. This observation might lead to resentment and a sensation that such organizations deserve to be punished for their deeds, and a persons deeds might be justified because of this, at least in their heads.  Alternatively, one might think that the continued existence of such organizations and the systems which make them successful is a force for human misery, and therefore work to lessen their impact and/or ultimately destroy them.   I think it is interesting that most people would find the punitive/retributive motive for behavior to be childish, destructive, and immoral in these terms. Despite this they will happily apply it to individual humans who misbehave. It is puzzling and frustrating to me that people, in moments of anger and grief when these observations are MOST important, will not see this even when it is presented to them plainly. I chalk it up to the dominance of emotion over reason."


"Yes, the annual contribution ""limits"" are effectively higher for Roth accounts than for the corresponding Traditional account, if that is what you are referring to, since the ""nominal"" limit is the same, but for Roth it's after-tax money, while for Traditional it's pre-tax money, which is equivalent to a lesser amount of after-tax money."


They make a killing. In Queensland, a state of Australia, they only have one Distributor, Energex, so there is no competition. All power comes from them. As such, the prices are ridiculously high since retailers can't afford to sell it any cheaper than what they bought it for. This company Energex has employees that casually take 3 hour lunch breaks and still earn over 100k a year and they are not even execs. Meanwhile the consumers in that state are going broke from the energy prices.


Hmm... I don't understand how big of an impact that would have in the long run. In the short-run, I can see it being an issue due to price-inflation.   But long-term, wouldn't the market adjust accordingly? If the prices are raised beyond the individual households' disposable income, people will simply find alternative products.   I guess it would be a terrible thing if they controlled something that is necessary to us. But if that happens, I imagine a revolution will start.   What incentives do the large companies have in doing this?


Have you been involved in any iot or technology company. Even as a customer. Think of how well iot works in fridges and your home (Nest) and then think of having that technology implanted into your body.   Think about charging cables on your phone. Is there one kind? No. No one can agree on the standard. If you are ok with 1 chip, why not 3? Why not 5? Do some of them track your location? Maybe?


After doing some investigating, my employers contract with the credit card company has a clause that basically specifies that despite my name being on the credit card, and bills being sent to me, all liability is on the company. Additionally, the employer reserves the right to garnish wages in the event of a balance on the card. So it looks like it won't affect my credit score. I appreciate all of the advice.


This is normal with the dealer's financing.  To add more details to littleadv's answer, what happens is when you get the financing through the dealer, at first, they will try to do the loan on your behalf with local banks in your area. This is why you see several hard inquiries; one from each back. If none of these banks wants to take the loan, then dealer's financing entity will take the loan. This was my exact experience with Hyundai. In addition, don't get surprise if you start receiving letters saying that your loan was rejected. The dealer will send the loan requests simultaneously, and some of the banks might deny the loan. This also happened to me, and I have been owning my car for around a year. Still, make sure that the letters matches with the credit inquiries.


From my 2003 Colorado experience here:  Earnest money shows that your offer is legit and is held until escrow as you recall correctly.  I assumed you meant escrow money, because I cannot think of any other non-refundable deposit you'd put on a home.  Perhaps for a new home or a manufactured home?


You want to bend over and take it up the ass by a bunch of tyrants you go ahead, but true patriots know that the fight to preserve our constitutional rights never ends. It certainly doesn't end on a Friday afternoon because some troll shows up and tells you it ended last week.  They are **_inalienable_** rights. That means you or anyone else cannot take them away, and they cannot be signed away. Period.  Our grandparents fought and died for this protection and you would simply throw it away without a fight. Shame on you.  All of you dissidents should spend some time to really learn what the constitution grants you, and then spend the rest of your days helping defend it against those who would try to nickle and dime it to death. You're either with us or you're against us.


"IMHO It is definitively not too early to start learning and thinking about personal finances and also about investing.  If you like to try stock market games, make sure to use one that includes a realistic fee structure simulation as well - otherwise there'll be a very unpleasant awakening when switching to reality... I'd like to stress the need for low fees with the brokerage account! Sit down and calculate how much fees different brokers take for a ""portfolio"" of say, 1 ETF, 1 bond, 1 share of about $500 or $1000 each (e.g. order fee, annual fee, fee for paying out interest/dividend).   In my experience, it is good if you can manage to make the first small investing steps before starting your career. Real jobs tend to need lots of time (particularly at the beginning), so time to learn investing is extremely scarce right at the time when you for the first time in your life earn money that could/should be invested. I'm talking of very slowly starting with a single purchase of say an ETF, a single bond next time you have saved up a suitable amount of toy money, then maybe a single share (and essentially not doing anything with them in order to avoid further fees). While such a ""portfolio"" is terrible with respect to diversification and relative fees*, this gives you the possibility to learn the procedures, to see how the fees cut in, what to do wrt taxes etc. This is why I speak about toy money and why I consider this money an investment in education. * An order fee of, say, $10 on a $500 position are terrible 4% (2 x $10) for buying + selling - depending on your local taxes, that would be several years of dividend yield for say some arbitrary Dow Jones ETF. Nevertheless, purchase + sale together are less than 3 cinema tickets."


I would say you are wrong. I think you're underestimating a good warehouse worker. There is a skill set involved, and many do not have it. Sadly, many people don't know any better than to arrive high, drunk, hung over, late, or not at all on a regular, for starters. Most warehouse workers don't just lift heavy things anymore. In fact, probably the majority never lift anything heavy at all. They run power equipment. Big, expensive, dangerous power equipment that does most of the lifting. Again, not everyone can handle that. One power equipment accident can end up costing the company tens of thousands of dollars.   Aside from that, the people performing those jobs are hardly the only employees present. Someone has to check in the trucks, audit the receivers, distribute the work of sorting, coreograph the loading and distribution of product out to the stores, maintain the computer systems, and a thousand other small tasks on a daily basis. I can assure you these positions require a whole lot more skills than the average loom worker in the 1800s was required.  Really, I find it scary how much you are devaluing these people. The fact most well-paying warehouses constantly go a few hands short is testiment to the fact good people are not actually a dime a dozen.  Edit a word.  Ninja Edit:  Another thing about this is that you seem to want to believe people had a choice in not developing whatever killer skillset it is you think makes you better than them. The reality is many very intelligent people cannot afford college. They don't have parents willing to give them a dime or a leg up, or their parents simply do not have the dime or the leg up to give them even if they wanted to. They're smart, but had to work during high school to support a portion of their own expenses, and that hurt their grades a bit. Or they were young, idiotic, and had little guidance because their parents were constantly away working their arses off for a pitance to survive on, so they goofed off in high school more than they ought resulting in an inability to qualify for scholarships. Suddenly, they're grown. They have to provide housing, food, and whatever for themselves, so they get crap jobs thinking they'll find a way to parlay that into skills or education when the reality is most employers just want to suck as much out of the employee for the least possible contribution. Any general manager of a large facility will tell you bragging rights on the golf course are to he who spends the least for the most work done. The majority of low skill low pay workers would gladly go back to college if only they could. Even if they can somehow scrape together the cash required - now over $8k a year for tuition, a crappy dorm and a food ticket at state colleges in my state, and books will run you $500 a semester for many majors - there is the issue of time. After working a grueling hopefully full-time job, they'd need to find it in them to stay awake during class and to complete assignments. On top of that, there is the question of timing. Especially in low skill jobs, it is usually required that the employee be available at company pleasure. Try finding a school in your area which has the classes you need times you can attend. Good luck with that. But wait! There are government subsidies! Yeah, good luck with that as well. If you've been working any half-decent job and apply, and are under 25 and your parents also make half-decent wages, you will be lucky to be offered loans. They aren't even low interest loans anymore. Also, god forbid your parents have a little emergency nest egg saved up from years of hard labor in the salt mines. Or - horrors - own a small, crappy, cookie-cutter, not-aging-well tract home free and clear. That'll cost you big in financial assistance from the goverment.


The Level 2 data is simply showing the depth of the market. If I am trading shares with my broker I have the option of viewing only the top 10 bid/ask prices in the depth or all of the data (which sometimes can be a very long list). With another broker I get the top ten bid and ask prices and how many orders are available for each price level, or I have the option of listing each order separately for each price level (in order of when the order was placed). I get the same kind of data if trading options. I do not know about futures because I don't trade them. Simply this data may be important to a trader because it may give an indication of whether there are more buyers or sellers in the market, which in turn may (but not always) give an indication of which way the market may be moving. As an example the price depth below shows WBC before market open with sellers outweighing the buyers in both numbers and volume.  This gives an indication that prices may drop when the market opens. Of course there could be some good news coming out prior to market open or just after, causing a flood of buyers into the market and sellers to cancel their orders. This would change everything around with more buyers than sellers and indicate that prices may now be going up. The market depth is an important aspect to look at before putting an order in, as it can give an indication of which way the market is moving, especially in a very liquid security or market.


I just described its function. Tell me what they do other than what I described, and also tell me how much of drug companies' budgets are consumed in this process (preferably the unecessary parts of the process), especially compared to the rest of the drug spending and inordinate profits.  Drug companies run ads, they have sales reps (pharma girls), they have tort cases (not a symptom of regulation), they have research, they have HUGE employee and CEO salaries and bonuses, they have distribution costs. Trust me when I say that regulation isn't the driving force here.


Well kind of hard to give an answer without seeing the underlying syllabus, but judging by the title of the majors here's what the career paths *might* be.  Personal Financial Planning generally leads to a career in financial planning wherein clients come to you and explain to you their future goals and you have to devise an investment plan which adheres to their assets and liabilities structure. I'm getting a sense that the major is a precursor to the CFP certification; so check out the CFP Board's website.  Finance Major is *probably* the major which leads to a career in investment banking or investment management (wherein you'll probably deal with institutional clients rather than individuals).  It's worth noting that the two majors probably share courses.


Apparently Amazon's legal team that is battling to prevent online retailers from getting taxed was not consulted as to whether an idea like this would look *really* bad for their case. It's brilliant, but a wee bit diabolical. Brick and mortar retailers really have no recourse against something like this.


The profits from one good job could pay for whatever type of alarm system needed to minimize the risk of theft. Failing to brand the truck would be the equivalent loss of multiple tool thefts per year. No need to cower in fear; advertising works. And it's not impossible to prevent vehicle break-in theft.


It's important to consider your Investor Profile when deciding the right kind of vehicle for your finances. You are a young guy, with a considerable earned income and no dependents (sorry, this was not clear from the question.) This means that you are able to take a lot of risks that people who also have a family to think about, might not. == high risk tolerance You should definitely not put your money in a Wealth Management fund or Mutual Fund or any other 'hands-off' vehicle. These typically have worse returns than the FTSE itself. Their popularity is due to an amazing marketing job and the fact that people in general want to believe there is an easy way to grow their money. Probably the best vehicle for your money is property, so the first thing you should do with the money is hire a competent accountant and solicitor.


Conversly, then you should not enjoy the benefits privided by being in a union then right?  That seems simple enough, but that's not how it works.   Unions by law have the duty of fair representaion, so even if you are not a member, you still are awarded all the benefits and protections of the contract.   So, it's not that simple, because how do you balance that if not for fair share?  The union still has to pay to protect you, but you don't have to pay for any of the work they do.  So then, if you can get all the benefits of being in the union and not pay a dime for it, why would you?  Seems logical right, it's a good deal, we all want to save money.   Well as everyone stops paying and the union can't afford to operate as it did, like any organization, it restructures and lays off staff.  Now the union no longer has the resources to offer you good representation, which causes the dues paying members to be frustrated and to drop out and or ditch the union entirely.  Now no one in your workplace has a voice, a contract, or any protections.   That may turn out to be great,  but you know, the company wants to save money too..   The company is also no longer obligated to offer you the same wages or benefits that your coworkers negotiated.  So now the company is free to cut wages, benefits and workforce to improve thier bottom line or executive bonuses.


You get to drink water?  Where I grew up it got to 140 in the winter, and we had to drink our own sweat, or our coworkers, if we were lucky!  And that was only during our one break per week!   :)


"I grew up when eBay started long before Amazon. For the past 20 years, eBay has been a total ""no-option"" service. The amount of fraud has been out of control for two decades.    If you can't afford something, just don't buy that item. Buy something lesser. Going on eBay for something cheap will burn you every time. This has been common sense for twenty years. It's garbage and it profits off bad transactions. Just drop it altogether as a service and align your wants to your means."


I'll respect the mod's suggestion. I'd answer with a warning. The concept of 401(k) pretax saving is to save at a high rate, while working, and withdraw at a lower rate. An annual expense pushing 1% or higher is likely to negate the benefit of the account over time.  If your employer offers the Roth 401(k), I'd suggest using that for your deposits, and only up to the match. Then invest outside the 401(k). In the 25% bracket, it's good to have a mix of both pre and post tax retirement money.


"Actually in Finland on some bank + debit/credit card + online retailer combinations you type in your card details as you normally do, but after clicking ""Buy"" you get directed to your own bank's website which asks you to authenticate yourself with online banking credentials. It also displays the amount of money and to which account it is being paid to. After authentication you get directed back to the retailer's website. Cannot say why banks in US haven't implemented this."


"So either scenario has about $10K upfront costs (either realtor/selling expenses or fixing up for rental). Furthermore, I'm sure that the buyers would want you to fix all these things anyway, or reduce the price accordingly, but let's ignore this. Let's also ignore the remaining mortgage, since it looks like you can comfortably pay it off. Assuming 10% property management and 10% average vacancy (check your market), and rental price at $1000 - you end up with these numbers: I took very conservative estimates both on the rent (lower than you expect) and the maintenance expense (although on average over the years ,since you need to have some reserves, this is probably quite reasonable). You end up with 2.7% ROI, which is not a lot for a rental. The rule of thumb your wife mentioned (1% of cash equity) is indeed usually for ROI of leveraged rental purchase. However, if rental prices in your area are rising, as it sounds like they are, you may end up there quite soon anyway. The downside is that the money is locked in. If you're confident in your ability to rent and are not loosing the tax benefit of selling since it sounds like you've not appreciated, you may take out some cash through a cash-out refi. To keep cash-flow near-0, you need to cash out so that the payments would be at or less than the $3200/year (i.e.: $266/month). That would make about $50K at 30/yr fixed 5% loan. What's best is up to you to decide, of course. Check whether ""you can always sell"" holds for you. I.e.: how stable is the market, what happens if one or two large employers disappear, etc."


Carnegie Mellon University (CMU) and the University of Pittsburgh (Pitt) have different end of term dates but by less than a month.  Both have summer sessions, but most students do not stay over the summer.  You can rent over the summer, but prices fall by a lot.  Thirty to forty thousand students leave over the summer between the two.  Only ten to twenty thousand remain throughout the year and not all of those are in Oakland (the neighborhood in Pittsburgh where the universities are located).  So many of the landlords in Oakland have the same problem.  Your competitors will cut their rates to try to get some rent for the summer months.   This also means that you have to handle eight, nine, and three month leases rather than year long and certainly not multiyear leases.  You're right that you don't have to buy the latest appliances or the best finishes, but you still have to replace broken windows and doors.  Also, the appliances and plumbing need to mostly work.  The furnace needs to produce heat and distribute it.  If there is mold or mildew, you will have to take care of it.  You can't rely on the students doing so.  So you have to thoroughly clean the premises between tenants.   Students may leave over winter break.  If there are problems, the pipes may freeze and burst, etc.  Since they're not there, they won't let you know when things break.   Students drop out during the term and move out.  You probably won't be able to replace them when that happens.  If you have three people in two bedrooms, two of them may be in a romantic relationship.  Romantic relationships among twenty-year olds end frequently.  Your three people drops back to two.  Your recourse in that case is to evict the remaining tenants and sue for breach of contract.  But if you do that, you may not replace the tenants until a new term starts.  Better might be to sue the one who left and accept the lower rent from the other two.  But you likely won't get the entire rent amount for the remainder of the lease.  Suing an impoverished student is not the road to riches.   Pittsburgh is expected to have a 6.1% increase in house prices which almost all of it is going to be pure profit. I don't know specifically about Pittsburgh, but in the national market, housing prices are about where they were in 2004.  Prices were flat to increasing from 2004 to 2007 and then fell sharply from 2007 to 2009, were flat to decreasing from 2009 to 2012, and have increased the last few years.  Price to rent ratios are as high now as in 2003 and higher than they were the twenty years before that.  Maybe prices do increase.  Or maybe we hit a new 20% decrease.  I would not rely on this for profit.  It's great if you get it, but unreliable.   I wouldn't rely on estimates for middle class homes to apply to what are essentially slum apartments.  A 6% average may be a 15% increase in one place and a 3% decrease in another.  The nice homes with the new appliances and the fancy finishes may get the 15% increase.  The rundown houses in a block where students party past 2 AM may get no increase.   Both the city of Pittsburgh and the county of Allegheny charge property taxes.  Schools and libraries charge separate taxes.  The city provides a worksheet that estimates $2860 in taxes on a $125,000 property.  It doesn't sound like you would be eligible for homestead or senior tax relief.  Realtors should be able to tell you the current assessment and taxes on the properties that they are selling you.   You should be able to call a local insurance agent to find out what kinds of insurance are available to landlords.  There is also renter's insurance which is paid by the tenant.  Some landlords require that tenants show proof of insurance before renting.  Not sure how common that is in student housing.


Several things to do: Change your bank. $2 for a check? Why?? When shopping for a new bank: ask for a free checking account. College students can get free checking in almost any bank. At least the first box of checks will be free, which will give you enough checks for the next several years (I'm still not half done with the box I got from WaMu 5 years ago). Check out your neighborhood credit union. Most of them have free checking and free checks for students as well. If still no luck - check online check printing services, they'll send you a box for less than $25, that's for sure. Walmart for example (1 box - $7). Also, you can use banks' bill-pay service for any check you write, if you know the address of the person, the amount and the sum a couple of days ahead of time. That should cover rent, and probably most of your other checks.


Use a compound interest calculator to project the difference with ETFs in the S&P 500 (or the asset mix of your choosing), and subtract the expected pension amount. If the difference is positive, or around around even, I would do it to avoid the risk of company failure.


It's a way to help normalize the meaning of the earnings report. Some companies like Google have a small number of publicly traded shares (322 Million). Others like Microsoft have much larger numbers of shares (8.3 Billion). The meaning depends on the stock. If it's a utility company that doesn't really grow, you don't want to see lots of changes -- the earnings per share should be stable. If it's a growth company, earnings should be growing quickly, and flat growth means that the stock is probably going down, especially if slow growth wasn't expected.


Spreadsheets need not be static, they can pull data from the web.  This article describes the method you seek.


>when he's already admitted that he has all the money he'll ever need  Sounds like he should sell or close the company.  >and what he's doing now is fear mongering his own employees so that he doesn't have to pay slightly higher taxes  See I can already shoot down your explanation, because it's not just higher taxes, its increased business tax liability, increased business insurance liability. All of which deincentivize not incentivize.  If you started out making 80% of a billion dollar gross profit, then 70% , then 60%, then 50%, then 40% and with proposed changes to liability you're now looking at 30% of a billion. How long would you continue? The guy is 70+ years. He probably continues because it is his passion. But at what point is the stress and return on his time and input not worth it? That's the topic. Not greed. Is it greedy that whether he made 80% or even only 10% of a billion? You may say yes, but as a decision maker he must constantly weigh whether or not it is worth it.   >He didn't get successful in a vacuum, he got successful in a system which helped fund his success because 42 years ago the people who were where he is today were taxed more so he could get where he is today. But his opinions aren't what I'm mad about, I'm mad because he is greedy and a bully and a liar and a hypocrite of almost incomprehensible proportions.   Obama said he didnt build it, but he'll damn well close or sell the company if he wants. Rhetoric is cute until thousands of employees are out of jobs because the owner didn't feel it was worth it to continue the business.


Finish off the student loans. If your absolute goal is saving as much as you possibly can for retirement, then you of course will be best off by maxing your IRA contribution every year. However, student loans are just another thing hanging over you, and nothing feels better than getting rid of a large debt. Pay them off, take yourself out to a nice dinner to celebrate, and tuck away what you have left over in your IRA. Paying off student loans is a great accomplishment - celebrate it!  The difference long-term will be negligible.


These are the basics in order: Max your employer contributions to your 401k if available Pay off any loans Contribute to an IRA  Perhaps max out your 401k Look into other investment options (refinance your mortgage, buy stocks) Those are the typical rules, special situations may need specials actions...


Index funds: Some of the funds listed by US SIF are index funds. ETFs: ETFdb has a list, though it's pretty short at the moment.


There is a basis for that if you consider the power of compounding. So, the sooner you re-invest the dividends the sooner the time will give you results (through compounding). There is also the case of the commissions, if they are paid with a percentage of the amount invested they automatically gain more from you. Just my 2cents, though the other answers are probably more complete.


With a long enough time horizon, no matter when you buy, equities almost always outperform cash and bonds. There's an article here with some info: http://www.fool.co.uk/investing-basics/how-when-and-where-to-invest/ Holding period where shares have beaten cash  There was a similar study done which showed if you picked any day in the last 100 years, no matter if the market was at a high or low, after 1 year your probability of being in profit was only 0.5, but after 10-20 years it was almost certainly 1.0.  Equities compound dividends too, and the best place to invest is in diversified stock indices such as the S&P500, FTSE100, DOW30 or indices/funds which pay dividends. The best way to capture returns is to dollar cost average (e.g. place a lump sum, then add $x every month), to re-invest dividends, and oh, to forget about it in an IRA or SIPP (Self invested pension) or other vehicle which discourages tampering with your investment.  Yes, values rise and fall but we humans are so short sighted, if we had bought the S&P in 2007 and sold in 2009 in fear, we would have missed out on the 25% gain (excluding dividends) from 2007-2014. That's about 3% a year gain even if you bought the 2007 high -beating cash or bonds even after the financial crisis. Now imagine had you dollar cost averaged the entire period from 2007-2014 where your gain would be. Your equity curve would have the same shape as the S&P (with its drastic dip in 2009) but an accelerated growth after. There are studies if you dig that demonstrate the above. From experience I can tell you timing the market is nigh impossible and most fund managers are unable to beat the indices. Far better to DCA and re-invest dividends and not care about market gyrations! ..


For security alarm installation, look no further than Robuck Security. We have a proud record of industry-leading alarm systems design. We can handle all kinds of needs whether simple or sophisticated. Call us now on 1300 076 282. We will look forward to serve you.


To start with gold has value because it is scarce, durable, attractive and can be made into jewellery. But that does not explain its current value. In the current economic climate, it is difficult for many investors to get a positive return on conventional investments such as equities or bonds. I theorise that, in such conditions, investors decide to park their money in gold simply because there are few other good options. This in itself drives the price of gold up, making it a better investment and causing a speculative boom. As you will see here, here, and here the gold price is negatively correlated with stock market indices.


Beware of surrender charges also Surrender Charges Many annuities   will impose a surrender charge if the annuity is cashed in before a   specific period of time. That period may run anywhere from 1 to 12   years. A typical surrender charge is one that starts at 7% in the   first year of the contract, and declines by 1% per year thereafter   until it reaches zero. The charge is made against the value of the   investment when the annuity is surrendered, and its purpose (other   than simply to make money for the insurance company) is to discourage   a short-term investment by the purchaser. For that reason, an annuity   should always be considered a long-term investment. In the typical   fixed annuity, though, this charge will not apply provided no more   than 10% of the investment is withdrawn per year. source: http://www.fool.com/retirement/annuities/annuities02.htm If you've held it for 10 years as you claim, you may not owe any or much in surrender charges, but you definitely want to know what the situation is before you make a move.


In the UK if you come into the possession of the information in a way that isn't available to the general public that's insider trading. It even states this in section 7, and uses the example of if you observe something like a burning factory as a member of the public, that's not insider information as anyone could have seen it.   If you attended a meeting or somehow got hold of private information not yet made public, then it would be considered insider information.   Its possible the OP got this information through public observation but considering the nature of the information it's highly unlikely


I found out about Louis from the internet, I previously had only watched his stand-up on the internet, and then I bought one show for 5$.  I also used to watch Derrick comedy (online only) and would buy a similar download from Donald Glover if he offered one.  This model is EXACTLY what people need, since it will lead to a hell of a lot more middle-class artists selling directly to small portions of the public with very little over-head.


A few years ago, I did something like this at a Wells Fargo; I realized I could put money into an IRA a few days before 4/15, and was able to walk in to the main branch and do the whole thing in under an hour.


You'd think I would remember this, having also bought a house in 2008, but I recall that earnest money was different from the nonrefundable deposit.  Earnest money was typically some small amount - $500 or something - that was put on the table when you made the offer.  After the offer was accepted, but before closing, the 1%-ish amount was put into escrow as part of the negiotiation process.  Maybe this is just a Massachusetts thing, though.


We are well equipped with controls and oversight.  What we lack is a great person on our floor to help handle our finance function.  We hope that qualified redditors from this subreddit will consider throwing their hats in the ring.


"To be honest, why haven't startups taken advantage of Uber's shitty image to launch ""ethical"" uber taxi services?  I love Uber's service, but i'd be ready to pay 50% extra on a ride if i know the drivers are paid right and the company holds a good vision."


"What Apple and Microsoft understands, but Sony doesn't, is that hardware is bullshit. Sony is, perhaps irrevocably, stuck in thinking they're a consumer electronics company, not giving a shit about their real job as a content discovery service. Microsoft knocked it out of the park with the XBox experience, while Sony somehow manages to make each iteration *worse.*  It's depressing to see so much potential go to waste -- Sony could have an *amazing* experience-driven platform, were they not so tear-inducingly inept at understanding how their market works. They have enough movies, games and music to completely crush their competition, and yet they let it rot on the underdeveloped, user-hostile PS3 platform. Have you ever gone ""just browsing"" on the Playstation Store, or, even worse, tried to quickly find that game you *know* is on there? You'll tear your hair out.  At some point, such horrible mismanagement of intellectual property has to be punished."


Calculation. To calculate the DJIA, the sum of the prices of all 30 stocks is divided by a divisor, the Dow Divisor. The divisor is adjusted in case of stock splits, spinoffs or similar structural changes, to ensure that such events do not in themselves alter the numerical value of the DJIA.


I mean if he signed a non-compete clause as a part of the contract, he's boned. I still think it's silly on Sony's part though because they fired him because the commercials didn't do anything for sales and he wasn't directly endorsing Nintendo nor does he have a contract with Nintendo. They're just really trying to throw off any momentum the WII U is about to gain because Sony knows it has the potential to kill the PS3 and they sure don't want to rush another console on to the market.


The shortage is artificial and is due to extremely high hiring thresholds by HR departments and people removing themselves from the pool.  Why work if you are paid you to stay home?  Granted it isn't much money but apparently it is sufficient to live on from the number of people who aren't looking any longer.


>Labor isn't that interchangeable and markets are far from perfect.  Yes, it is if it's manual labor which is what these Walmart workers is. Labor can even be replaced by robots/technologies. As technologies advanced at current rate. Manual labors can and will cease to exist.  >What is the other option other than government help?  Education! Seriously, a god damn good education that isn't today's education system. No welfare from the govrt. A good education from our govrt. is 100x better than welfare.  >Let these people starve and live on the street because they can't afford anything else? That is a great way to ruin a society.  Look, No one cried when Car replaced Horse carriage. Just look at the entire Human history. A lot of job die when technology changed and each time a new technology rise. There are dozen of far better paying jobs that come with it. Can you imagine back in 1950 that someone can just do Vlog on YoutTube and make great living doing it. There are hundred of YouTube partners making a good living just making videos and post them on YouTube! Unless you're retarded, your brain will always worth way more than your strength. Human race is a creative race. We are born to think and to create. I believe our society and its people will be better off in a society where we are not bored at our jobs doing manual and repetitive tasks. From personal experiences, I got a co-worker who used to building house for a living. When we work together, he was a tech support and now he does SharePoint support. He told me when he was building house, he was hook on drug/weed/cocaine...etc. You named it and he had tried it beaus the pain from doing manual labors was unbearable that he rely on drugs to take pain away. He told me not one person who work in the house building wasn't hook on alcohol, weed or drug and working in tech support and writing script is great for him because he get to use his brain and no body pain from manual labor.   All this have to start with EDUCATION! Which sadly our govrt. suck balls at it!


"While that may be true,  it's a shame. Morality has to come before profit or the game is already lost. Profit without social progress is meaningless. The use of ""shareholder value"" as a justification for a lack of corporate ethics is disgusting. Our CEOs shouldn't have to be told that it's wrong to pray on their customers. It's fucked up.  It's a huge glaring flaw in society.  Have you listened to any of the interviews with Bernie Madoff or the Enron guys?  They don't feel like they did anything wrong. No shame at all.  Maybe it's because they're sociopaths,  but maybe it's because we're all still irrational animals obsessed with having more than the next guy,  even if we hurt everyone in the process /rant"


The only problem that I see is that by not giving the 20% right away, you might need to pay PMI for a few months. In addition, in the case of conventional loans, I heard that banks will not remove the PMI after reaching 80% LTV without doing an appraisal. In order to be removed automatically, you need to reach 78% LTV.  Finally, I think you can get a better interest by giving 20% down, and you can get a conventional loan instead of a FHA loan, which offers the option to avoid the PMI altogether (on FHA, you have two PMIs: one upfront and one monthly, and the monthly one is for the life of the loan if you give less than 10%).


"This is the best tl;dr I could make, [original](https://www.bloomberg.com/view/articles/2017-08-25/too-much-debt-is-making-us-sticks-in-the-mud) reduced by 91%. (I'm a bot) ***** > Instead, we get deeper recessions, as people out of work are left with no purchasing power at all, and the people in work sharply reduce their spending out of fear that they, too, may soon be broke and unemployed.  > One theory would explain the quandary in wages but not in real estate: People attach a lot of their personal identity to their paycheck, so while firing workers is traumatic, lowering everyone&#039;s wages spreads the trauma to your whole workforce, hurting morale and making operations less productive.  > In the first scenario, you will save 200 people three out of three times; in the second, you save 600 people one time, and zero people the other two times.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6w6jgk/too_much_debt_is_making_us_sticksinthemud/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~198942 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **people**^#1 **wage**^#2 **landlords**^#3 **time**^#4 **income**^#5"


"If I read your figures correctly, then the cost difference is negligible. ($1.84 difference) The main determining factor, I'd think, would be the coverage.  Do you get more, or less, coverage now than you would if you went together on the same plan?  You'd both be covered, but what is the cap? Plans, and employer contributions, change all the time.  How is business in both of your companies?  Are you likely to get cut? Are you able to get back into a plan at each of your employers if you quit the plan for a while?  These rules may be unpleasant surprises if, say, your wife cancels her plan, goes on yours, and you lose your job.  She may not be able to get back into her insurance immediately, or possibly not at all.  A spouse losing a job isn't a ""qualifying life event"" the way marriage, birth of a child, divorce, etc., is."


Its strange The U means You figure it out! What should be done is report all U levels when making an announcement! This gives an accurate total story of the state of employment without pandering to the left or right. We should not accept any comments/reports without asking for all levels. How can we form an opinion with tainted/censored/lying info.  Is this no different than saying housing starts are up yet don't get told we have foreclosures and unsold homes still in the market?


Because US bonds have had the prior impression of absolute invincibility and safety that has helped the dollar become the world's reserve currency and the United States borrow essentially at will. For the people that care what S&P says, the aura of invincibility is broken and it is conceivable, in SOME universe, for the US to default on its debt. This is of little practical importance on its own, but it's yet another signpost on the road to Chinese or European economic hegemony.


And who said high finance isn't criminal half the time? Did any one important go to jail for inflating the housing market and defrauding people in 2008? Of course not...  But back to your point about paying people a lot of money to save lives which is repeated ad nauseam. It isn't relevant because it assumes smart people only discover things to make a lot of money. Ya go tell that to academics who spend their lives in labs etc discovering things and building science from the ground up, I wonder how much they get paid vs. pharma execs.   And even if it proves true to some people I think most would agree that say doctors and drug inventors who actually save lives should be paid well but that's not the people we are dealing with here. We are dealing with financial vultures who just make money off of this because they can and nobody is there to regulate them.


You have to take legal tender to settle a debt. If your business model doesn't involve the customer incurring a debt that is then settled, you don't have to take cash. For example, in a restaurant where you pay after eating, you can insist on paying cash, because you're settling a debt. But in McDonald's they can refuse your cash at the counter, because you've not received your food yet and so no debt has been incurred.


Out of curiosity, where do you get your news? Had I been asked to explain the two crises, I have no doubt that I would fail horrifically. You seem to explain everything quite concisely. I assume part of it is innate intelligence, but it can't hurt to have a good news source either.


Most plans yes, but it depends on your specific plan's provisions. You want to get a Summary Plan Description for your specific plan. Speak with HR (assuming you have one, or whoever is in charge at your company) and request a Summary Plan Description (they are legally required to provide you with one if you ask, although there may be a small cost to you for printing). It will tell you in there when distributions may be made following severance of employment as it pertains to your specific plan. An excerpt from the doc submitted to the IRS for plan approval -  option g would be the choice that's available, and participant should watch out for.  This is the response (a small excerpt, the full doc ran 2 pages and had private information) -  It confirms the full document (the plan itself) was approved.


If you had a trading system, and by trading system I mean the criteria setup that you will take a trade on, then once a setup comes up at what price will you open the trade and at what price you will close the trade. As an example, if you want to buy once price breaks through resistance at $10.00 you might place your buy order at $10.05. So once you have a written trading system you could do backtesting on this system to get a percentage of win trades to loosing trades, your average win size to average lose size, then from this you could work out your expectancy for each trade that you follow your trading system on.


>Well, reserve requirements concern, as the name suggests, the reserves, e.g. a position on the balance sheet.  Yes, the book value of equity is not affected. However, when the market value experiences a steep decline, you find those that hold deposits begin moving them out of the bank. Investment fear and business fear tend to move together with financial institutions. That directly impacts the reserve requirements.  >but sharp price drops in fact can help you to raise equity, simply because your ratios improved (P/E, P/B, in fact any ratio that includes the price part) and the stock became cheaper  Not when there is bankruptcy or solvency issues that become present. Obviously an investor wants to buy low and sell high, but if there is a substantial risk of bankruptcy, the common stockholder will demand a premium unattainable by most non-growth firms (i.e. biotech, tech, etc.).  That is the issue with France. Liquidity issues stem from systemic risk, but those French banks also possess significant firm risk due to their exposure to sovereign debt. Once those banks mark all of their holdings to market, they will realize substantial losses. BNP recently recorded a nearly $1B write-down.


"**Noblesse oblige**  Noblesse oblige is a French phrase literally meaning ""nobility obligates"". It denotes the concept that nobility extends beyond mere entitlements and requires the person who holds such status to fulfill social responsibilities, particularly in leadership roles.  The Dictionnaire de l'Académie française defines it thus:    Whoever claims to be noble must conduct himself nobly.  (Figuratively) One must act in a fashion that conforms to one's position and with the reputation that one has earned.  ***  **Morning in America**  ""Prouder, Stronger, Better"", commonly referred to by the name ""Morning in America"", is a 1984 political campaign television commercial, known for its opening line, ""It's morning again in America."" The ad was part of the U.S. presidential campaign of Republican Party candidate Ronald Reagan. It featured a montage of images of Americans going to work, and a calm, optimistic narration that suggested that the improvements to the U.S. economy since the 1980 election were due to Reagan's policies. It asked voters why they would want to return to the pre-Reagan policies of Democrats like his opponent Walter Mondale, who had served as the Vice President under Reagan's immediate predecessor Jimmy Carter.  The phrase ""It's morning again in America"" is used both as a literal statement (people are shown going to work as they would in the morning), and as a metaphor for renewal.  ***  **French Revolution**  The French Revolution (French: Révolution française [ʁevɔlysjɔ̃ fʁɑ̃sɛːz]) was a period of far-reaching social and political upheaval in France that lasted from 1789 until 1799, and was partially carried forward by Napoleon during the later expansion of the French Empire. The Revolution overthrew the monarchy, established a republic, experienced violent periods of political turmoil, and finally culminated in a dictatorship under Napoleon that rapidly brought many of its principles to Western Europe and beyond. Inspired by liberal and radical ideas, the Revolution profoundly altered the course of modern history, triggering the global decline of absolute monarchies while replacing them with republics and liberal democracies. Through the Revolutionary Wars, it unleashed a wave of global conflicts that extended from the Caribbean to the Middle East.  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/economy/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot/)   ^] ^Downvote ^to ^remove ^| ^v0.22"


If you don't think you're necessarily going to stay in this area for five years, consider another option: renting. Five years is often quoted as the minimum length of time for buying (over renting), as the costs of the house purchase and the mortgage are significant - and if you're buying a new house every 5 years you're putting several thousand dollars of fees up front each time.  If you don't assume that house prices will increase (as they won't necessarily), then you can consider these costs - say, $5000-$6000 for a $500k house - an extra 1% or so of interest that first year.  If you are there 5 years, then you're paying 0.2% extra (more or less); that's reasonable, but if you're there only 2 years, you're adding 0.5% to your rate, which is pretty significant. You won't necessarily come out ahead here (versus renting). Renting for a year or two gives you enough time to find out if you do like the area, and if you do, you buy then - with more knowledge of the area and a chance to make a purchase at the right time for you. You pay off your loans, or at least a chunk of them, now, save some of the rest, and then rethink in a couple of years.  If you then don't qualify for a doctor's mortgage anymore, you just save up the rest of the 20% before making the purchase.


The answer would depend on the equities held. Some can weather inflation better than others (such as companies that have solid dividend growth) and even outpace inflation. Some industries are also safer against inflation than others, such as consumer staples and utilities since people usually have to purchase these regardless of how much $ they have. In looking over the data comparing S&P 500 returns, dividends, and inflation, the results are all over the map. In the 50's the total return was 19.3% with inflation at 2.2%. Then in the 70's returns were 5.8% with inflation at 7.4 percent, leading one to think that inflation diminished returns. But then in the 80's inflation was 5.1%, yet the return on the S&P was up to 17.3% Either way, aside from the 70's every other decade since 1950 has outpaced inflation (as long as you are including dividends; hence my first paragraph). S&P 500: Total and Inflation-Adjusted Historical Returns Also, the 7% average stock appreciation you mention is just that, an average. You are comparing a year-over-year number (7% inflation) with an aggregated one (stock performance over x number of years) and that is a misrepresentation and is not being weighted for the difference in what those numbers mean. Finally, there are thousands of things that have an effect on the stock market and stocks. Some are controllable and others are not. The idea that any one of them, such as inflation, has any sort of long-term, everlasting effect on prices that they cannot outmaneuver is improbable. This is where researching your stocks comes in...and if done prudently, who cares what the inflation rate is?


"I don't see EWQ6 in any of your links, so I can't say for certain, but when you buy an option contract on a future, the option will be for a specific future (and strike).  So the page you're looking at may be for options on E-mini S&P 500 futures in general, and when you actually purchase one through your broker, you pick a specific expiry (which will be based on the ""prompt"" future, meaning the next future that expires after the option) and strike. UPDATE: Based on this page mirror, the option EWQ7 is an option on the ESU7 (SEP 2017) future.  The next 3 monthly options use ESZ7 as the underlier, which confirms that they use the next prompt future as the underlier."


The 10 most dangerous jobs (number is Occupation Fatalities per 100,000):   Timber cutters 117.8   Fishers 71.1   Pilots and navigators 69.8   Structural metal workers 58.2   Drivers-sales workers 37.9   Roofers 37   Electrical power installers 32.5   Farm occupations 28   Construction laborers 27.7   Truck drivers 25   (This is according to the BLS for 2015.  They say Mining workers is 12.4)


You can complain to the Financial Ombudsman Service in Australia.  I've never used them in particular but generally organizations will respond much faster once you get the ombudsman involved. However, since you say they've now kept their promises, the ombudsman is unlikely to do much more than listen sympathetically.


Our Website : http://alldaycarrentals.com.au/ There are several points to consider when choosing a business contract hire car. The main one is which company you will deal with. There are many companies offering business contract Cairns Car Hire, so it is important to find the best one to deal with. Just check online and see what they have to offer. Having made picked your business contract hire car company, you will also need to consider the choice of lease. If you prefer regularly having the use of a new vehicle then the shorter leasing deal may be best for you. Then there is the question of your mileage.


This is assuming your student loans are Federal Stafford Loans Don't pay off your student loans as soon as possible. They're very low interest and paying them monthly will help your credit. What you will want to do is as soon as the grace period expires, call up whoever is handling your account and ask them to reduce the monthly since you're not making much. Then just pay the minimum amount, pay your living expenses, bank some of it, and if you have a month where you came out ahead consider putting the difference towards the student loan. Can also drop any tax return you get into the student loan debt. The whole pay off your student loans fast is important. When you have the extra put it towards it, but the extra. Its also much, much more important if you made the mistake of taking out Private Loans or have 50k, 80k, 120k in student loan debt. Since you only have a ~14k I'm going with it being a Stafford Loan. Reduce the monthly, pay on time, live within/below your means... and you'll be just fine.


Say for example a trade totals $10,000.  A flat tax of 0.2% would be $20.  This is not much for the Buy & Holder b/c he only makes a few trades a year, say 10 transactions a year.  So their tax is only about $200 per year. (heck we could even drop it to 0.1%).  But DayTraders will routinely do 10 trades a day, or over 3000 trades a year.  So using that same 10K trade above, that could hypothetically be 3000x20 = $60,000 per year in taxes.  Computer Traders will do hundreds of trades per day.  Say 30,000 trades per year.  So that is $600,000.  So you can see how iit hardly affects legitimate investors, while making the HF traders control themselves a bit.  This is what we want.  The exchanges charge the flat tax with the transaction like a Sales tax.  It avoids excess regulation (the SEC already monitors trades, or is supposed to), and it hurts the gamblers (HFTs), while not hindering the good guys (investors).


"Without divulging too many specifics.  Net income is 73k.  Total income is 136k.  Filed as an S-Corp.  Using Quickbooks to classify expenses etc.  I know its not much information but I don't know what to look out for, like ""whoa, net income is 73k, you gotta spend that!""  I have a CPA but isn't offering much in the terms of ""help"" and ""explanation"".  Thanks for your time!"


If you want to spend all of your money in the next few years, then a CD protects you from the risk of a bear market. however, if your time horizon is longer than 10 years, then the stock market is a better bet, since it is less effected by inflation risk. also, as you point out average stock returns are much higher, ignoring volatility.  On the whole, CD's appeal to people who would otherwise save their money in cash.  generally, it seems these people are simply afraid of stocks and bonds because those securities can lose nominal value as well as real value.  I suspect this is largely because these people don't understand inflation, nor the historical long-term index fund performance.


I'm going to give the succinct, plain language version of the answers:  1.    Your oldest active credit agreement is not very old You don't have much experience or history for me to base my analysis on -- how do I know I can trust you to pay back the money? 2.    You have no active credit card accounts Other people haven't trusted you with credit or you haven't trusted yourself with credit and there's no active good behavior of paying credit cards on time -- you want me to be the first one to go out on a limb and loan you money? How do I know I can trust you to pay back the money?


"GLD, IAU, and SGOL are three different ETF's that you can invest in if you want to invest in gold without physically owning gold. Purchasing an ETF is just like purchasing a stock, so you're fine on that front.  Another alternative is to buy shares of companies that mine gold. An example of a single company is Randgold Resources (GOLD), and an ETF of mining companies is GDX. There are also some more complex alternatives like Exchange traded notes and futures contracts, but I wouldn't classify those for the ""regular person.""  Hope it helps!"


I'm not in a MLM or anything but I'm a business owner and I'm wondering why people keep saying it's a scam because people lose money? Any opportunity has risk and the ratio of success to fail is pretty similar for normal businesses.   These seem like sales jobs with commission only/exotic compensation plans. It's normal that people fail at this. Are they not compensating people that meet their targets?  At any rate, I feel like the business itself isn't a scam, but a lot of the salespeople are scummy by not really explaining the odds. I also don't like the cult-like vibe I get from some people in those groups.


"The mortgage has a higher interest rate, how can it make sense to pay off the HELOC first?? As for the mutual fund, it comes down to what returns you are expecting.  If the after-tax return is higher than the mortgage rate then invest, otherwise ""invest"" in paying down the mortgage.  Note that paying down debt is usually the best investment you have."


The prices we pay for goods and services is set by our level of income because we have a huge choice of price levels from luxury to economy class and DIY. This was true of rent and mortgage payments before the real estate bubble. There is still some choice though from a tiny house or trailer to a mansion. None of these are one set demand decided by someone else as with land value tax. Many people like where they live and want to stay there. Those people create a cross generational community. Land and homes must be affordable and we should have as much freedom about what we do with our homes as possible.


No, he's right. Not only about the need to raise cash or capital via the equity markets, but the solvency and regulatory burden banks face.  If there is a run on bank stocks, they will struggle to meet their reserve requirement ratios. This is what has been happening with the French banks over the past several months.


"I would recommend to draw 25000 from annuity at 10% penalty. Its important to understand that you pay the interest on credit card debt per annum. You pay the penalty on withdrawal from low-yield annuity only once! Imagine that you don't pay your credit card debt for 3 years. It explodes from 25000 to 33116 (more than 8 thousands wasted!)! The average APR of your card debt is (minus for you) 9.82%. That is you pay your penalty each year! I didn't get exactly how your annuity works, but given 1% of ""guaranted"" effective interest, I wouldn't expect much above it. If you want some kind of mixed solution and gain some time, you could first pay off the card debts #2 and #3, then the APR goes down to (minus for you) 7.24, i.e. that of the card debt #1. However, even in this case you should draw money from annuity at penalty, if you can't pay it down in let's say 1.5 years."


Actually, you may even need to contact a professional mould removal service. Should you or a professional monitor discover that you have a mould issue; it is exhorted that you get your concern settled. This is completed by having the mould in your home or business structure removed.


Damn. I was just in AC last Oct for the three Phish shows. Place is a total dump, but Phish always tries it's best to help and bring in a ton of business. Phish, Dave Matthews, and Metallica have all had huge concerts there, but there doesn't seem to be much hope for the city. It's a shame because Boardwalk Hall is one of the best indoor venues I've seen a show in.


This is a big and complex topic, but it's one I think people get wrong a lot.  There's a lot of ways to treat a child's pocket money: Tell a kid that they're getting $10/week allowance.  Help them keep it safe, but don't give them access to it: Put it in a drawer in your office, or a piggie bank on a high shelf.  Encourage them to save up for a big purchase.  Help them decide what to spend it on.  When they find something they want, talk it over with them to make sure it's right for them. This seems like a good approach, because it encourages thrift, long term thinking, savings, and other important elements of real life.  But it's a TERRIBLE idea.  All it does is make the child think of it as if it wasn't really their money.  The child gets no benefits from this, and will certainly not learn anything about savings. Give the kid $10/week.  Full stop. This seems like a bad idea, because the kid is just going to waste it.  Which they will.  :)  That's the point!  There's NO way to learn except by experience. Try and shift control of discretionary spending to the child as and when appropriate.  Give them some money for clothes, or a present for their birthday, and let them spend it.  If they're going to be spending all day at some event, give them money for lunch.  And if they misspend it - tough!  No kid is going to starve in one day because the spend their lunch money at a video arcade, but they will learn a valuable lesson.  :) You have to be careful here of two mistakes.  First, only do this for truly discretionary spending.  If your kid needs clothes for school, then you better make sure they actually buy it.  Second, make sure that you don't end up filling in the gaps.  What you're teaching here is opportunity costs, and that won't work if your child gets to have his cake and eat it too.  (Or go to the movies and STILL get that new Xbox game.) Have them get a job.  And, it should go without saying, give them control of the money.  It's incredibly tempting to force them to save, be responsible, etc.  But all this does is force them to look responsible...for as long as their under your thumb.  Nothing will impart the lessons about why being responsible is important like being irresponsible.  And it's sure as hell better to learn that lesson with some paper route money when your 14 than with your rent money when your 24...


If you are searching for a country home or a new homes in    Renton WA just a few hours from Washington, 1000 First Street is a wise choice. Datta Homes is one of the top real estate agent, providing exceptional real estate service in Washington, based on the highest standard of ethics.


Kuala Lumpur 26 June 2014, Axiata Group Berhad (Axiata) continued to gain momentum in the industry, taking top honours again at the Frost & Sullivan’s 2014 Asia Pacific ICT Award.  Axiata won the Best Telecom Group of the Year, for the 6th consecutive year.  This prestigious award is granted to the operator with a presence in at least 4 Asia Pacific markets that has shown exemplary growth and performance in 2013 in Asia Pacific through its investments in the region. Axiata Group also took home three awards in total with XL Axiata winning the Most Innovative Telecom Service Provider of the Year and Dialog Axiata was voted Best Emerging Market Service Provider of the Year.      To qualify for the Telecom Group of the Year category companies were studied on their growth and performance in 2013 in Asia Pacific through its investments in the region. Companies were studied on their revenues, product/service innovation, capabilities, subscriber growth and strength of regional footprint as well as overall contribution to the industry. As the group transformed its business by aligning itself with changing consumer preferences and technological advancements, the panel of judges was convinced with Axiata’s all-round performance.     Dato’ Sri Jamaludin Ibrahim, President and Chief Executive Officer of Axiata said “We are greatly honoured by the awards especially given the caliber of other players in the category. I thank the judges and Frost & Sullivan for the recognition. The award reflects the great team that we have with us and is really a collective victory to be fully shared with all our employees across the group. It has been a tremendous five years for Axiata and this award is testament to that.”     Serene Chan, Senior Industry Analyst, Asia Pacific ICT Practice, Frost & Sullivan said, “During CY2013, Axiata Group successfully adapted to the changing needs of customers, and as a result observed the highest subscriber growth among all telecom groups in the Asia Pacific region. Group’s proportional subscribers grew by 22%, and proportional revenues grew by 5.6% at constant currency. It also showcased the highest operational profitability in the region by delivering EBITDA margin of 38.4%.     Most of its subsidiaries and associates improved their competitiveness and outshone their peers on most of the operational metrics. Robi, Dialog, Smart and Idea Cellular in particular showcased exemplary performance in their operating countries. The group continues to transform itself by aligning with changing consumer preferences and technological advancements, through several strategic initiatives and investments, and is continuously progressing towards its strategic vision to be the regional champion by 2015.”     “The awards are an acknowledgement of the continued success of our operating companies in the region as well as an acknowledgement of the Group’s progress towards its regional ambitions. I am very happy to see XL and Dialog being recognized and I would like to congratulate all XL and Dialog employees.  A special mention must be made in particular to Pak Hasnul Suhaimi and Dr Hans, for their very able leadership” Dato’ Sri Jamaludin Ibrahim concluded.     **ABOUT AXIATA**     Axiata is one of the largest Asian telecommunications companies. Axiata has controlling interests in mobile operators in Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia with significant strategic stakes in India and Singapore. In addition, the Malaysian grown holding company has stakes in non-mobile telecommunication operations in Thailand and Pakistan.     The Group’s mobile subsidiaries and associates operate under the brand name ‘Celcom’ in Malaysia, ‘XL’ in Indonesia, ‘Dialog’ in Sri Lanka, ‘Robi’ in Bangladesh, ‘Smart’ in Cambodia, ‘Idea’ in India and ‘M1’ in Singapore.     The Group, including its subsidiaries and associates, has over 250 million mobile subscribers in Asia. The Group revenue for 2013 was USD5.8 billion. The Group provides employment to over 20,000 people across Asia. Axiata’s vision is to be a regional champion by 2015 by piecing together the best throughout the region in connectivity, technology and talent, uniting them towards a single goal: Advancing Asia.     Axiata was awarded the Frost & Sullivan 2009, 2010, 2011, 2012 and 2013 Asia Pacific ICT Award for Best Telecom Group and the Telecom Asia Best Regional Mobile Group 2010 and 2011 for its operations in multiple Asian markets.     **For further information on Axiata visit:**    [http://www.ranker.com/list/the-jakarta-globe-xl-axiata-axis-capital-group-merger-plans/abbyditter](http://www.ranker.com/list/the-jakarta-globe-xl-axiata-axis-capital-group-merger-plans/abbyditter)


>We collectively agree that a dollar has a certain value. That's it. We believe in money. Welcome to the collective delusion of fiat currency.  You mean 12 richest families in charge of FED make you think it has value? Once you realize this, you'll soon understand how is US's everlasting involvement in (provoking) wars across the globe financed, where from, and most importantly why. Once other nations exclude US dollar as a valid currency (India, Russia and China have already), US dollar is going to be less and less valuable until it's worth nothing (as it actually is all along as it has no leverage). Maybe we better rebel against an inevitable doom of US economy now when you can actually use it to buy other commodities than wait to use them as firestarters 10-20 years down the road.


Economically it doesn't make much difference, but I like to control the account because I can adjust the amount I put aide each month based on the new tax rates that come out each spring. This allow me finer control. I also know that the bills have been paid, I had one lender years ago that failed to pay the property tax bill, I had to end the money in to the county, and then pend months fighting the lender to get the money back. Now I avoid escrow accounts.  The money being collected by the mortgage servicing company for property taxes and property insurance goes into a separate account. The company insists on handling the funds to make sure that these bills are paid on time, thus protecting their investment. The failure to pay the taxes leaves the property subject to forfeiture via tax lien.  The failure to pay property insurance leaves the house unprotected if there is a fire or other incident. You can avoid the use of an escrow  account if you have enough equity in the account. Some lenders ask for you to provide proof of payment each year if you are going to pay it yourself.  At the end of each year the servicing company will provide you with an accounting for interest on the loan, and the amount of money spent on taxes and insurance. Also expect that they will make adjustments to the monthly withholding based on estimated increases for taxes and insurance.  Depending on your financial situation the interest, taxes may be included on Schedule A. If you have a rental property the interest, taxes and insurance are considered expenses that you can write off. The biggest issue with escrow accounts is that the company can have a buffer built in to protect them from unexpected increases. Many people view the calculation of the buffer a confusing and feel that they are overpaying.  If you want to avoid the escrow account you should make sure that each month you put the money into a separate account so that when the property tax bill is due you can pay it on time. When savings accounts earned significant interest it was possible to make a little money in the deal, but that hasn't been true for the last few years.


"It means that at the end of each month, the APY, divided by 365 (366 for leap years) is multiplied by your account's ending balance on each day of that month, then those interest amounts are summed up and paid out. It's exactly equivalent to the ""Average Daily Balance"" method; at the end of each month, the balance of your account on each day is summed, divided by the number of days in the month, then that number is multiplied by the APY / 365 * (number of days in the month). If you write out all these terms and simplify, you'll find the two boil down to exactly the same calculation being performed in different order (possibly with differing potential for rounding error). The only difference between them is whether the daily interest percentage is distributed to each daily balance or applied to the sum, and whether there's an additional redundant pair of steps of dividing and then multiplying by the number of days in the month."