Question: How much financial information should a buyer give an estate agent?

"My guess is they are fishing for business for their in-house finance person. In the UK, all the estate agency chains (and many of the smaller outfits) have financial advice firms they are affiliated with, often to the extent that a desk in each branch will be for 'the finance guy' (it's usually a guy). The moment you show any sign of not quite having the finances for a place you like, they will offer you a consultation with the finance guy, who ""will be able to get you a deal"". On commission, of course. What you need to say with regards to financing is (delete as applicable) ""I am a cash buyer"" / ""I have an Agreement In Principle"". And that's it. They do not 'need' to know any more, and they are under obligation to pass your offer on to the vendor."

Please expanded on your reasoning and which side you are defending (pro-DACA or anti-DACA). Allowing it to remain is a slight to legal immigrants and should have gone through Congress in the first place. That being said, to remove those here presently is far to costly of an idea to entertain, both monetarily and politically. Therefore a middle road is the route that must be taken... and that requires active, and most importantly constructive, discussion. My first comment is purposely broad for this reason. Please detail a better solution that works for all parties.

>OK, great, where do I apply for my refund?  An odd question, but I'll answer it if you really don't know.  Tax credits will only likely be a refund if you pay too much tax during the year, otherwise they will be reductions in your yearly tax bill.  In most countries, tax credits are awarded when paying taxes.  Assuming you are from the United States, that would likely be in April on your individual income tax form.  Tax credits can be earned for doing anything the government deems desirable or worthy of exception.  Examples include buying a first house, having children, starting or running a business, paying tuition, adopting a child,  caring for an elderly or disabled person, earning money overseas, paying certain types of medical insurance, and being married in addition to purchasing a zero emission or low emission vehicle.

If you've got the money to pay off your credit cards, do it. Today, if possible. There is no need to pay another penny of interest to them.  They may or may not cancel your cards. That is up to them. We can't know what will trigger an individual bank to cancel your card. The answers you got on your other question offer some speculation on why some banks might cancel, but this is not something banks reveal. Anything you do on your own to try to keep the cards open is just a guess, and may or may not succeed.  But ask yourself: why do you want to keep these cards?  Is it for the convenience of the card? I agree that credit cards (paid in full monthly) are convenient, but when they start costing you money, they aren't worth it anymore, in my opinion. Debit cards have most of the same conveniences of credit cards, and are free.  If it is for emergencies, I recommend instead building up an emergency cash fund. That way, if an emergency arises, you won't be forced to borrow money at high credit card interest rates.  If the reason you want to hang on to the credit card is so you can spend more than you have, then you will find yourself in the same situation again. If I were you, I would pay off the cards ASAP. If the banks cancel your cards, just switch to a debit card and be thankful that you are no longer continuously leaking money to the banks.

"Bank of America has been selling off their local branches to smaller banks in recent years.  Here are a few news stories related to this: Along with the branch buildings, the local customers' savings and checking accounts are sold to the new bank.  It is interesting that you were told that your savings account is being sold, but that your checking account will remain with BofA.  I guess it depends on the terms of the particular sale. Here are your options, as I see it: Let the savings account move to the new bank, and see what the new terms are like.  You might actually like the new bank.  If you don't, you can shop around and close your account at the new bank after it has been created. Close your account now, before the move.  If you have a different bank you'd like to move to, there is no need to wait. Since your checking account is apparently staying with BofA, you could move all your money from your savings account to your checking account, closing your savings account.  Then after ""mid August"" when the local branch switches to the new bank and everyone else's savings account has moved, you can call up BofA and tell them you want to move some of the money from your checking account into a new savings account. If you really have your heart set on staying with BofA, option 3 looks like a good, easy choice. To address your other concerns: Bank of America is a big credit card company, so I doubt that your credit card is being sold off.  Your credit card account should stay as-is.  Even if your savings account and checking account are at a different bank, there is no need to switch credit cards. Your savings and checking accounts have nothing to do with your credit report or score, so there is no concern there.  If you end up wanting to switch to a new credit card with a different bank, there are minor hits to your credit score involved with applying for a new card and closing your current card, but if I were you I would not worry about your credit score in this.  Switch credit cards if you want a change, and keep your credit card if you don't."

It would depend on the market you are in, state/city. 15k isn't a lot to get started on anything really serious. As for kicking the guy out? Wouldn't that take money away from your father from rent? If you know anything about PC repair, you can go get your A+ cert and setup shop in your home, and leave the money coming in for rent. Build up a client base and when you start growing, rent your own space or then kick the guy out. Crawl, before you walk. It seems you want to start out running.   Overall, I would just say look at your local market, and figure out what they are in need of, then go from there. That is the safest way you could possibly use the money.   If you know anything about cars, you can go to auctions, and ads in the paper, buy cars, fix them or put them up for sale. Ideally you could buy about 3 or 4 cars with that money, then make about 1k on each by reselling. Depending on your area after 3 cars in x amount of time, you may have to get a dealers license.

"Create an account called, say, ""Paycheck"".  When you get paid, create an entry with your gross income as a deposit.  For each deduction in your paycheck, create a minus (or expense) entry.  After doing that, what will be left in the Paycheck account will be your net income.  Simply transfer this amount to the real account your paycheck goes into (your checking account, probably). Almost all the time, the value of your Paycheck account will be 0.  It will be nonzero only for a moment every two weeks (or however often you get paid). I don't know if this is the standard way of doing it (in the professional accounting world).  It's a way I developed on my own and it works well, I think.  I think it's better than just adding a deposit entry in your checking account for your net income as it lets you keep track of all your deductions. (I use Quicken for the Mac.  Before they added a Paycheck feature, I used this method.  Then they removed the Paycheck feature from the latest version of Quicken for the Mac and I now use this method again.)"

"Let's pretend that the author of that article is not selling anything and is trying to help you succeed in life.  I have nothing against sales, but that author is throwing out a lot of nonsense to sell his stuff and is creating a state of urgency so that people adopt this mindset.  It's clever and it obviously works. From a pure time perspective, most people won't make enough money to run their own business and be as profitable as if they worked for a company.  This is a reality that few want to acknowledge.  If you invested in yourself and your career with the same discipline and urgency as an entrepreneur, most people would be better off at a company when you consider the benefits and the fact that employees have a full 7.5% of social security paid by their employer (entrepreneurs see the full 15% while employees don't).  Why do I start here, because this author isn't telling you that the more people take his advice, the more their earnings will regress to the mean or below.  In fact, most of my entrepreneur friends have to go back to work when their reality fails after they burn through their savings. 401ks are not a perfect system, but there are more 401k millionaires now than ever before this, and people who give the author's advice are always looking to avoid doing what they need to do - save for retirement.  Most people I know sadly realize this in their 50s, when it's too late, and start trying to ""catch up.""  I don't blame the author for this, as he knows his article will appeal to younger people who don't have the wisdom to see that his advice hasn't been great for most.  The reality is that for most people 401ks will provide tax advantaged savings that you can use when you're older; taxes will eat at your earnings, so these accounts really help. Finally, look at the article again especially the part you quote.  He says inflation will carve out what you save, yet inflation is less than 2%.  Where is he getting this from?  In the past decade, we've seen numerous deflationary spirals and the market overall has come back from the fall in 2009.  Again, this isn't ""good enough"" for this author, so buy his stuff to learn how to succeed!  There have been numerous decades (50s,70s) that were much worse for investors than this past one."


Question: Is capturing a loss a unique opportunity?

I agree, one should not let the tax tail wag the investing dog.  The only question should be whether he'd buy the stock at today's price. If he wishes to own it long term, he keeps it. To take the loss this year, he'd have to sell soon, and can't buy it back for 30 days. If, for whatever reason, the stock comes back a bit, he's going to buy in higher.  To be clear, the story changes for ETFs or mutual funds. You can buy a fund to replace one you're selling, capture the loss, and easily not run afoul of wash sale rules.

In places like the midwest city where I live, this is false, the cost of living is low.  I pay 340 a month, have a yard, kitchen, own bathroom, jam room, bedroom, own shower, great neighborhood downtown etc.  When I started out, I made minimum wage and lived with roommates in the same nice neighborhood.   This is just false.

"Answers: 1. Is this a good idea? Is it really risky? What are the pros and cons? Yes, it is a bad idea. I think, with all the talk about employer matches and tax rates at retirement vs. now, that you miss the forest for the trees. It's the taxes on those retirement investments over the course of 40 years that really matter. Example: Imagine $833 per month ($10k per year) invested in XYZ fund, for 40 years (when you retire). The fund happens to make 10% per year over that time, and you're taxed at 28%. How much would you have at retirement? 2. Is it a bad idea to hold both long term savings and retirement in     the same investment vehicle, especially one pegged to the US stock     market? Yes. Keep your retirement separate, and untouchable. It's supposed to be there for when you're old and unable to work. Co-mingling it with other funds will induce you to spend it (""I really need it for that house! I can always pay more into it later!""). It also can create a false sense of security (""look at how much I've got! I got that new car covered...""). So, send 10% into whatever retirement account you've got, and forget about it. Save for other goals separately.  3. Is buying SPY a ""set it and forget it"" sort of deal, or would I need     to rebalance, selling some of SPY and reinvesting in a safer vehicle     like bonds over time? For a retirement account, yes, you would. That's the advantage of target date retirement funds like the one in your 401k. They handle that, and you don't have to worry about it. Think about it: do you know how to ""age"" your account, and what to age it into, and by how much every year? No offense, but your next question is what an ETF is! 4. I don't know ANYTHING about ETFs. Things to consider/know/read? Start here: http://www.investopedia.com/terms/e/etf.asp 5. My company plan is ""retirement goal"" focused, which, according to     Fidelity, means that the asset allocation becomes more conservative     over time and switches to an ""income fund"" after the retirement     target date (2050). Would I need to rebalance over time if holding     SPY? Answered in #3. 6. I'm pretty sure that contributing pretax to 401k is a good idea     because I won't be in the 28% tax bracket when I retire. How are the     benefits of investing in SPY outweigh paying taxes up front, or do     they not? Partially answered in #1. Note that it's that 4 decades of tax-free growth that's the big dog for winning your retirement. Company matches (if you get one) are just a bonus, and the fact that contributions are tax free is a cherry on top. 7. Please comment on anything else you think I am missing I think what you're missing is that winning at personal finance is easy, and winning at personal finance is hard"

Yes, it is possible, and many companies do it for legitimate reasons.  For example renewing subscriptions or one-click ordering. The only way to completely stop it would be to cancel the card.  More realistically, check your bill whenever it arrives, and report any unauthorized transactions to the card issuer.

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I'm an old-school Cyberpunk and Shadowrun fan, so I start thinking in those terms, but for now, I'd settle for eyes that can see better than 20/20 and ears that can hear better than normal if I want to buy them.  I have an eye disorder and what I have to go through to get 20/30 vision is fairly difficult for me, but I'm not bad enough that the doctors want to try any more-permanent solution, so I'm stuck with what I've got. If I could pay $20,000 and have a set of 20/15 eyeballs installed that never get old, I'd start saving up for them today.

Will there be a scenario in which I want to sell, but nobody wants to buy from me and I'm stuck at the brokerage website? Similarly, if nobody wants to sell their stocks, I will not be able to buy at all? Yes, that is entirely possible.

IKEA put lots of money and effort into their stores and the layout, making you walk a certain way and to buy as much as possible. Their stores are highly successful and if the website experience was easy, then users wouldn't go into the store.   They actively make it harder to make web purchases than most other places. They charge a shitload for shipping, dont have all the availabilities and really make it a pain in the ass to order online.


Question: Dividend vs Growth Stocks for young investors

"The key is to look at total return, that is dividend yields plus capital growth. Some stocks have yields of 5%-7%, and no growth. In that case, you get the dividends, and not a whole lot more. These are called dividend stocks. Other stocks pay no dividends. But if they can grow at 15%-20% a year or more, you're fine.These are called growth stocks. The safest way is to get a ""balanced"" combination of dividends and growth, say a yield of 3% growing at 8%-10% a year, for a total return of 11%-13%. meaning that you get the best of both worlds.These are called dividend growth stocks."

hmmm. I think it's because in both cases, you must pay for it up front, before the positions are closed out. You own nothing except the right to buy the stock re: the call, and the obligation to buy the stock re: the short.  You buy a call, but must borrow the stock, for which you must put some margin collateral and there is a cost to borrow. You pay for that, of course.  I wouldn't call it lending though.

It may not be an ideal option, but you could use an HSA as a tax-sheltered investment vehicle.   The contribution limit is only $3,350 for an individual and $6,650 for a family in 2015 (plus $1K if you're 55+), so you're only making up a small portion of the 401(k) limit.  Also, you (and a family member to get the higher contribution limit) have to be covered by a qualifying high-deductible health insurance plan (HDHP) to be eligible to make HSA contributions.  As such, it may not be the best option if you regularly incur significant medical expenses.  And in many cases, the investment fees in an HSA are higher than you would find in a 401(k) or IRA. The investment choices can be limited, so it is important to research the options before selecting a provider. All that being said, the contributions and growth are both tax-deferred (tax-free if you use it for healthcare). Then at age 65 or Medicare eligibility you can withdraw the funds without penalty and pay only income tax, even if they are not used toward healthcare expenses.

"But how much does efficiency in internet shopping and warehouse shipping to homes translate to retail stores.  Also a lot of the reason that Whole Foods's competitors are able to beat them on price is [because they use unscrupulous suppliers who are organic in name only.](https://www.washingtonpost.com/business/economy/why-your-organic-milk-may-not-be-organic/2017/05/01/708ce5bc-ed76-11e6-9662-6eedf1627882_story.html)  If you're buying ""organic"" food from Wal-Mart, Albertson's, etc. you're frequently being played for a fool."

The big picture is terrible. It is beyond repair. If the FED wants to stand in front of the coming train, then goodbye to the FED. As Bernanke prints more money, credit will deflate even faster! Who would want to lend money to the US government and the US consumer who has already displayed inability to pay. Consumers consume, go into debt and go bankrupt. Only producers prosper. That is not us. Government intervention into free markets to save obsolete industries is delaying the recovery. Instead of getting further into debt, we need to re-align our economy to focus on what works. Our problem was debt to begin with and we are doing more of the same to fix the problem. It won't work. Kondratieff Winter has started!

Besides, driving there and back contributes to climate change, which is already contributing to even more starvation in Bangladesh, where starvation is something that the people there haven't been able to deal well with for quite a few decades already.  If somebody really wants a crappy burger the least they could do is ride a bicycle or walk there and back.

Zimbabwe was a fine place to live when it was Rhodesia. Zambia, which is welcoming back a number of Whites, is doing better now as well, where the same cannot be as well said for Zimbabwe.       Material resources are not the source of most country's wealth anyway, or we would not see countries like Hong Kong, Singapore, Liechtenstein, Luxembourg, or Switzerland develop. And yet, we do. The common thread between them is simple: freedom and intelligence - things Africa lacks and cannot hope to create unless what most would call a tragedy were to occur.      I wouldn't kid yourself, really. Many countries have had exceptionally long histories with many a chance to develop and yet they have not done so well as those with brighter populations. Many have had very short histories, with little chance to develop and yet they have done exceptionally. As stated above, there are common threads and that's what Faber is clearly referencing, not some mixed-blessing of resources or somesuch.    Don't be foolish. There are no other sufficient explanations after properly interrogating the issue.

This doesn't make much sense. What costs are you referring to? And aren't they using roads, airports etc that federal money goes into? Do you think payroll taxes paid through employees should be the major consideration on payment of taxes for corporations? Also, do you think European criticism of Amazon for avoiding paying taxes is off-base?


Question: Is www.onetwotrade.com a scam?

"OneTwoTrade is a binary option seller, and they are officially licensed by the Malta Gaming Authority. They are not in any way licensed or regulated as an investment, because they don't do actual investing. Is your money safe? If you mean will they take your money and run off with it, then no they probably won't just take your deposit and refuse to return any money to you for nothing - that would be a terrible way to make money for the long-term. If you mean ""will I lose my money?"" - oh yeah, you probably will! Binary options - outside of special sophisticate financial applications - are for people who think day trading has too little risk, or who would prefer online poker with a thin veneer of ""it's an investment!""  In the words of Forbes, Don't Gamble On Binary Options:  If people want to gamble, that’s their choice. But let’s not confuse   that with investing. Binary options are a crapshoot, pure and simple. These kinds of businesses run like a casino - there's a built-in house advantage, you are playing odds (which are against you), and the fundamental product is trying to bet on short-term volatility in financial markets. This is often ridiculously short-terms, measured in minutes. It's often  called ""all or nothing options"", because if you bet wrong you lose almost everything - they give you a little bit of the money you bet back (so you will bet again, preferably with more of your own money). If you bet correctly you get a pay-out, just like in craps or roulette. If you are looking to gamble online, this is one method to do it. But this isn't investing, you are as mathematically likely to lose your money and/or become addicted as any other form of money-based gambling, and absolutely treat it the same way you would a casino: decide how much money you are willing to spend on the adventure before you start, and expect you'll likely not get much or any of that money back. However, I will moralize on this point - I really hate being lied to. Casinos, sports betting, and poker all generally have the common decency to call it what it is - a game where you are playing/betting. These sorts of ""investment"" providers are woefully dishonest: they say it's an exciting financial market, a new type of investment, investors are moving to this to secure their futures, etc. It's utterly deceptive and vile, and it's all about as up-front and honest as penny auction websites. If you are going to gamble, I'd urge you to do it with people who have the decency to to call it gambling and not lie to you and ask for a ""minimum investment""."

It's working well by one metric: covering the uninsured. However, Obamacare doesn't do enough to control costs. Wait a few years for double-digit premium increases due to the continuing spiral of costs and it's not going to be working so well. IMHO

I'm not sure I'd say the assets they had were worthless. One of the big controversies was whether it was a solvency crisis (bad assets) or a liquidity crisis (fine assets, but if everyone sells illiquid assets there's a fire sale problem).   The US and Buffett bet it was a liquidity crisis, and they were proven right.

I personally use mint.com and find the alerting feature to be handy.  The reports and ledger are nice for a web page and attractive, but I use Quicken for really keeping track of my money and budget.  Mint.com just doesn't offer the depth I want; but a lack of depth is a feature for some people. The one thing I do is to check my accounts online every couple of days (not just via mint's interface).  I am still protected from fraud if someone steals my money regardless of the vector of attack.  So mint's fault or not, I have to keep on top of my outgoing and incoming transactions with frequency so I can stop problems before they get too deep. summary:  the security is important, but being secure or not doesn't absolve me of being aware of all the transactions on my account.  I will still be protected by consumer laws (as much protection as that is) but I can't expect mint to fix any problems it might cause.

IANAL, I am married to someone in your situation. As a US citizen age 26 who has not had any contact with the IRS, you should most definitely be worried... As a US citizen, you are (and always have been) required to file a US tax return and pay any tax on all income, no matter where earned, and no matter where you reside.  There are often (but not always) agreements between governments to reduce double taxation.  The US rule as to whether a particular type of income is taxable will prevail. As a US citizen with financial accounts (chequing, saving, investment, etc.) above a minimum balance, abroad, you are required to report information, including the amounts in the account, to the US government annually (Look up FBAR).  Failure to file these forms carries harsh penalties. A recent law (FATCA) requires foreign financial institutions to report information on their US citizen clients to the US, irrespective of any local banking privacy laws.  It's possible that your application triggered these reporting requirements. You will not be allowed to renounce your US citizenship until you have paid all past US taxes and penalties. Good new:  you are eligible in ten years or so to run for President. Don't believe any of this, or that nothing has been missed; you must consult with a local tax expert specializing in US/UK tax laws.

"Asset management typically refers to the ""product""  group e.g. Mutual fund, etf, etc., like invesco offering qqq or some emerging market mutual fund.  Capital management is more vague and can refer to a wide range of financial products and services including asset management and stuff like ptfl planning, wealth advisory etc.  That said they are both used interchangeably and not like anyone would correct you if you used one vs the other..."

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"It includes whatever you want to do with your investment.  At least initially, it's not so much a matter of calculating numbers as of introspective soul-searching.  Identifying your investment objectives means asking yourself, ""Why do I want to invest?""  Then you gradually ask yourself more and more specific questions to narrow down your goals.  (For instance, if your answer is something very general like ""To make money"", then you may start to ask yourself, ""How much money do I want?"", ""What will I want to use that money for?"", ""When will I want to use that money?"", etc.)  Of course, not all objectives are realistic, so identifying objectives can also involve whittling down plans that are too grandiose. One thing that can be helpful is to first identify your financial objectives: that is, money you want to be able to have, and things you want to do with that money.  Investment (in the sense of purchasing investment vehicles likes stocks or bonds) is only one way of achieving financial goals; other ways include working for a paycheck, starting your own business, etc.  Once you identify your financial goals, you have a number of options for how to get that money, and you should consider how well suited each strategy is for each goal. For instance, for a financial goal like paying relatively small short-term expenses (e.g., your electric bill), investing would probably not be the first choice for how to do that, because: a) there may be easier ways to achieve that goal (e.g., ask for a raise, eat out less); and b) the kinds of investment that could achieve that goal may not be the best use of your money (e.g., because they have lower returns)."


Question: How could a company survive just on operations cash flow, i.e. no earnings?

It is true that operation profit comes from gross profit however it is possible for a company to have negative net profit yet have postive cash flow , it has to do with the accounting practice A possible example is that a company has extremely high depreciation expense of fixed asset hence net profit will be negative but cash flow will be positive. Assuming the fixed asset has been fully paid for in earlier years

Those are some of the least useful regulations. Kills legitimate market making function in less liquid transactions.  The whole of the regulatory framework should have been leverage, capital and liquidity testing for too big to fail banks. The rest of the rules are overkill and compliance jobs bills. Unless your a compliance professional working in these fields you won't even notice.

You'll almost never be able to patent an app idea. When it comes to software you almost always just have to accept that others are going to be able to copy your idea, so to protect your business you have to do it either a) First, and well enough to lock in a first mover advantage or b) Better than others can  You haven't said if you're a coder or not, but generally if you can develop a MVP version of it before going to Kickstarter, that's much, much better. Almost no one is going to back a Kickstarter that just has an app idea.  After that, learn as much as you can about online marketing. Don't assume that just because you have a good idea the app will take off. Getting users is hard, very hard.

irresponsible jerk? go fuck yourself.    I did nothing illegal, unethical, immoral, or irresponsible. I racked up a large amount of debt (as the banks intended) and when I got into a position I couldn't pay any longer I tried to negotiate.  I spent hours on the phone, days all in all. the banks response (six different banks) we don't give a fuck. so I took that attitude and ran with it.  it's only business.  in addition I profited by a few thousand dollars suing a collection agency/lawyer group that got a judgement against me using forged documents. JUdgment was removed, my lawyer got 7 grand, I got three, and the debt was erased.  win, win, win, and did I say fuck you? fuck you.

And now it has come out about another breach in March.  They hired an outside firm to come in and do damage control.  Are we really to believe that the CFO had no knowledge of this before he sold his shares?  Seriously spending that kind of money (at least six figures per month) on an outside security consulting firm wouldn't require sign-off from the CFO?

Greek bank deposits are backed by the Greek government and by the European Central Bank. So in order to lose money under the insurance limits of 100k euros the ECB would need to fail in which case deposit insurance would be the least of most peoples worries. On the other hand I have no idea how easy or hard it is to get to money from a failed bank in Greece. In the US FDIC insurance will usually have your money available in a couple of days. If there isn't a compelling reason to keep the money in a Greek bank I wouldn't do it.

"I've had this problem (but not this bad), so this is what worked for me:  1)Remove all of your saved credit card information from any shopping site. Convenience is a huge enabler.   2)Physically track your spending on non-essentials. Keep a little journal of it. I found that actually writing it out and the total made me take note of it more.  3) I joined a saving/investing app that I contribute towards a Roth IRA and a savings account. Sometimes when that ""extra"" money in my checking account is burning a hole in my pocket, I'll contribute that extra money. It still feels nice and it's going towards good things.   4) Develop a hobby that doesn't overly tax your wallet. This might go towards making you feel better and thus make you less prone to retail therapy.  As for getting yourself out of credit card debt, can you sell off the meaningless material things you've been buying and put that money to paying down your debt?"

I think you raise a very good point here.   It is a very well-known fact that the US is not a leader in automated manufacturing. Europe has traditionally been the place that consumes the majority of the automated manufacturing equipment that, in turn, comes out of Japan.   Japan specializes in the manufacture of automated manufacturing equipment and has since the US ceded this market to them in the 1950s offering the Japanese access to the technology created at General Motors called ladder logic and programmable logic controllers. These technologies were created from scratch on the shop floor at General Motors at a time when there was a saying that what is good for General Motors is good for the America.  This was back before semiconductor transistors were affordable. Those early manufacturing robots actually used arrays of electromechanical relays and ladder logic which is still used till this days in the robots that come out of Japan is still based on metaphorical relays although they are now virtual constructs.   The Japanese ran with the tech and now many people believe that the Japanese invented it. Certainly they refined it over the years but the early work was handed to them in part as an effort to win them over from their potential allegiance with the Soviets. Japan was always a much larger lynch-pin than either Korea or Vietnam where the actual military battles went down. What was really scary to America was losing Japan and the transfer of robotics technology to the Japanese was part of the arrangement to keep them cozy with the US military empire.   But the largest customer was not within Japan. The actual sales of equipment went to the Europeans. That's where automated manufacturing is currently at its peak. However, things have been rapidly changing and for over a decade the fastest rising automation market has been China.   Currently Foxconn or HongHai the large contract manufacturer famous for their Apple contracts is in the process of building an automation base in the middle of Taiwan.   If you want jobs in automated manufacturing technology you should be studying Chinese as well as microcontrollers.


Question: Will ADR owner enjoy same benefit as common shares holders

The essential difference b/n ADR and a common share is that ADR do not have Voting rights. Common share has.  There are some ADR that would in certain conditions get converted to common stock, but by and large most ADR's would remain ADR's without any voting rights. If you are an individual investor, this difference should not matter as rarely one would hold such a large number of shares to vote on General meeting on various issues. The other difference is that since many countries have regulations on who can buy common shares, for example in India an Non Resident cannot directly buy any share, hence he would buy ADR. Thus ADR would be priced more in the respective market if there is demand. For example Infosys Technologies, an India Company has ADR on NYSE. This is more expensive around 1.5 times the price of the common share available in India (at current exchange rate). Thus if you are able to invest with equal ease in HK (have broker / trading account etc), consider the taxation of the gains in HK as well the tax treatment in US for overseas gains then its recommended that you go for Common Stock in HK. Else it would make sense to buy in US.

"This is my two cents (pun intended).  It was too long for a comment, so I tried to make it more of an answer.  I am no expert with investments or Islam: Anything on a server exists 'physically'.  It exists on a hard drive, tape drive, and/or a combination thereof.  It is stored as data, which on a hard drive are small particles that are electrically charged, where each bit is represented by that electric charge.  That data exists physically.  It also depends on your definition of physically.  This data is stored on a hard drive, which I deem physical, though is transferred via electric pulses often via fiber cable.  Don't fall for marketing words like cloud.  Data must be stored somewhere, and is often redundant and backed up. To me, money is just paper with an amount attached to it.  It tells me nothing about its value in a market.  A $1 bill was worth a lot more 3 decades ago (you could buy more goods because it had a higher value) than it is today.  Money is simply an indication of the value of a good you traded at the time you traded.  At a simplistic level, you could accomplish the same thing with a friend, saying ""If you buy lunch today, I'll buy lunch next time"".  There was no exchange in money between me and you, but there was an exchange in the value of the lunch, if that makes sense.  The same thing could have been accomplished by me and you exchanging half the lunch costs in physical money (or credit/debit card or check). Any type of investment can be considered gambling.  Though you do get some sort of proof that the investment exists somewhere  Investments may go up or down in value at any given time.  Perhaps with enough research you can make educated investments, but that just makes it a smaller gamble.  Nothing is guaranteed.  Currency investment is akin to stock market investment, in that it may go up or down in value, in comparison to other currencies; though it doesn't make you an owner of the money's issuer, generally, it's similar.  I find if you keep all your money in U.S. dollars without considering other nations, that's a sort of ignorant way of gambling, you're betting your money will lose value less slowly than if you had it elsewhere or in multiple places. Back on track to your question: [A]m I really buying that currency?  You are trading a currency.  You are giving one currency and exchanging it for another.  I guess you could consider that buying, since you can consider trading currency for a piece of software as buying something. Or is the situation more like playing with the live rates? It depends on your perception of playing with the live rates.  Investments to me are long-term commitments with reputable research attached to it that I intend to keep, through highs and lows, unless something triggers me to change my investment elsewhere.  If by playing you mean risk, as described above, you will have a level of risk.  If by playing you mean not taking it seriously, then do thorough research before investing and don't be trading every few seconds for minor returns, trying to make major returns out of minor returns (my opinion), or doing anything based on a whim. Was that money created out of thin air? I suggest you do more research before starting to trade currency into how markets and trading works.  Simplistically, think of a market as a closed system with other markets, such as UK market, French market, etc.  Each can interact with each other.  The U.S. [or any market] has a set number of dollars in the pool.  $100 for example's sake.  Each $1 has a certain value associated with it.  If for some reason, the country decides to create more paper that is green, says $1, and stamps presidents on them (money), and adds 15 $1 to the pool (making it $115), each one of these dollars' value goes down.  This can also happen with goods.  This, along with the trading of goods between markets, peoples' attachment of value to goods of the market, and peoples' perception of the market, is what fluctates currency trading, in simple terms.  So essentially, no, money is not made out of thin air.  Money is a medium for value  though values are always changing and money is a static amount. You are attempting to trade values and own the medium that has the most value, if that makes sense.  Values of goods are constantly changing. This is a learning process for me as well so I hope this helps answers your questions you seem to have.  As stated above, I'm no expert; I'm actually quite new to this, so I probably missed a few things here and there."

"If by ""investment"" you mean something that pays you money that you can spend, then no. But if you view ""investment"" as something that improves your balance sheet / net worth by reducing debt and reducing how much money you're throwing away in interest each month, then the answer is definitely yes, paying down debt is a good investment to improve your overall financial condition. However, your home mortgage might not be the first place to start looking for pay-downs to save money.  Credit cards typically have much higher interest rates than mortgages, so you would save more money by working on eliminating your credit card debt first. I believe Suze Orman said something like: If you found an investment that paid you 25% interest, would you take it?  Of course you would!  Paying down high interest debt reduces the amount of interest you have to pay next month.  Your same amount of income will be able to go farther, do more because you'll be paying less in interest. Pay off your credit card debt first (and keep it off), then pay down your mortgage. A few hundred dollars in extra principal paid in the first few years of a 30 year mortgage can remove years of interest payments from the mortgage term. Whether you plan to keep your home for decades or you plan to move in 10 years, having less debt puts you in a stronger financial position."

In the United States, post-dating a check, on its own, has no valid use. It can be cashed at any time at the discretion of the bank. You would need to send a notice of postdating to your bank describing the check. This doesn't prevent the recipient of cashing the check, but it does prevent your bank from charging your account until the date you specify NOTE: This may be considered a form of stop payment, and you may be subject to the fees noted by your institution.  Source: [Uniform Commercial Code - Article 4A § 4-401] (c) A bank may charge against the account of a customer a check that is otherwise properly payable from the account, even though payment was made before the date of the check, unless the customer has given notice to the bank of the postdating describing the check with reasonable certainty. [...] If a bank charges against the account of a customer a check before the date stated in the notice of postdating, the bank is liable for damages for the loss resulting from its act. The loss may include damages for dishonor of subsequent items under Section 4-402.

Pretty sure that's a theory for one.  Two just because you are paying someone $20 that doesn't mean they will be as productive as 3 at $12.  To put it one way, that is like saying someone in California (where minimum wage will hit $15 soon and that lots making $20 as well) will be more productive than someone in say Ohio with a lower minimum wage.  I know the topic isn't about minimum wage, but its the best way I could describe my point.

"I definitely can recommend you a site called babypips. Their beginner course section is great to get a good overview what you ""could"" do in FOREX trading. For starting out I definitely recommend a dummy account! (NEVER use real money in the beginning!)"

True Financial is your lender of choice for online auto title loans in California. Car Title Loans can be arrange with minimal fuss, low hassle and low documentation. There are number of easy ways for you to finance through us and lead the way in making fast, cost effective title loans to help you. Best of all you get to keep your car to enjoy as you usually do.

Great question. Surprisingly, stock returns and GDP growth are mostly unrelated. In fact, they are slightly inversely correlated when you look across countries. Consider a firm that earns $100 on average per year with zero growth. If investors apply a 10% discount rate to this firm, the company will have a market value of $100/10% = $1,000. If it continues to earn $100 per year, it will produce 10% returns despite zero growth in earnings. You can see that realized returns are largely a function of the return investors demand for putting their money in risky assets.  I say mostly unrelated because an increase in GDP growth may increase our firms earnings (though the relationship to earnings per share is muddied by new share issuances, buybacks, M&A, etc.). But you can see from the above example that returns can vastly exceed growth in perpetuity.


Question: How to invest 10k dollars, at the age of 23?

"An investment in knowledge always pays the best interest, as Ben Franklin said. However, this is not a question I can answer for you, as it depends on the opportunities that are specifically available to you as an individual. Sometimes opportunities will knock on your door and you can take advantage, other times you have to create that door to allow opportunities to knock. Maybe you have a friend that is opening a side business, maybe there is a class you can get into at a trivial cost. What I suggest is to start investing just to get into the habit of it, not so much for the returns. Before you do, however, any financial advisor will advise you to begin with a emergency fund, worth about 3-6 months of your expenses for that time. I wanted to hit the ground running and start investing in stocks, but first things first I guess. ""Millionaire Next Door"" will help you get into a saving mindset, ""I will teach you to be rich"" is ok, plenty of other books. My advice is keep doing what you're doing, learn to start saving, and once you have obtained an emergency fund of the amount of your choosing, start looking to invest in Index Funds or ETFs through any platform that has LOW FEES!! I use Betterment, but Vanguard is good too, as they allow you to get your feet wet and it's passive. Hope this helps."

If you need to send out a pitch deck to angels and VC's, look up Angel Vision Investors. This is a fast and easy way to get your pitchdeck into the inboxes of thousand of qualified investors today; ultimately leading to getting you the funding you want.

It is said that behind every successful man is a great woman. This saying applies in the world of fashion, too, albeit with a few tweaks to it: behind every successful designer or fashion brand is a dependable fashion publicist from a trusted PR agency.

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"Your Spidey senses are good. A good friend would not put you in such a position. It's simple, to skirt some issue (we'll get to that in a second) you are being asked to lie. All for a 15% return on your $$$$. <<< How much is that?  You can easily lend him the money, and have a better paper trail. But the bank is not going to like that, and requires this money from friends or family to be a gift. I've heard mortgage guys at the bank say ""It's just a formality, we need this paperwork to sell the loan to the investors."" These bankers belong in jail, or at least fired and barred from the industry. They broke the economy in 2008, and should be stopped from doing it again."

Tradable is a much broader term than marketable.  For example, some programmers/developers sell their services online, hence programming is a tradable service.  However, it is not a security nor is it marketable since it cannot readily be converted to cash.  All marketable securities are, by definition, tradable.

"/endthread   But honestly, we should have a link to something like this in the sidebar, since quite a few people visit this subreddit for ""what are my chances / how do I break in"" advice. A lot of your response applies to others as well (and honestly it's kind of annoying seeing redundant threads about career advice).   Either that, or we direct everyone to /r/financialcareers."

There are many other good answers here, but I just wanted to note that it could be dangerous to rely on the changes in alimony and child support that you've mentioned. You have no way of predicting if your ex will lose her job or take the kids back more of the time. If you already have a house and mortgage and all of a sudden alimony and child support go up again, you could be in big trouble. Congrats on everything getting better, it sounds like you're dealing well with a crappy situation. Good luck!


Question: Is it safe to accept money in the mail?

On your end of the deal, the biggest risk is probably counterfeiting. That said, I'd think that most of the downside would be for the buyer since they would have no way to prove that they paid you.  Perhaps a better alternative is to send the items COD (Collect On Delivery aka Cash on Delivery). The USPS and some other carriers offer this service, which can be an effective way to remotely negotiate a cash sale. I double checked the USPS site and they do accept cash for COD deliveries: Recipient may pay by cash or check (or money order) made out to   sender. (Sender may not specify payment method.) You might want to double check this if you go with USPS or FedX.

I agree with you. I'm a millennial. I'm not some old dude sitting in a chair writing on Reddit without first hand knowledge. I took out six figures of college debt, but spent a long time calculating my expected ROI.  Years after working I lived in relative poverty to pay of my loans and finally have done so.   I totally believe in many forms of loan forgiveness, but a blanket forgiveness I cannot support.

Somewhat bad example there, those monopolies have a high cost of entry. You can open an online store for next to nothing, if you need more eyeballs then pay for advertising or setup a store on an existing platform like Amazon/eBay/Facebook/Etsy.

Both modi and rajan have said that they are on the same page.  Some of the concerns you're expressing about India not being the same as us is exactly what he's addressing in a general macro manner. Monetary policy can only do so much and over use will hurt more than help, so fiscal policy is needed to fit the actual economic environment of the country. He stood up against the greater banking and economic consensus in 2005 when everyone derided him as a luddite. But you have to realize that USD is the common reserve currency of the world so the fed makes the rule and everyone has to react accordingly.

Sell half. If it's as volatile as you say, sell it all and buy on another dip. No one can really offer targeted advice based on the amount of information you have provided.

Our second to last addition was due to buying out a smaller business. We do call locally owned and small scale businesses often but they surprising have a contract set up with a different company or aren't looking to sell right away.

"C'mon, Bill - you're better than this.  Aside from the fact that he accumulated his personal wealth through ruthless profiteering and tax shelters, it's just a flat out bad idea.  It was an even worse idea when some neckbeard actor and commie guitarist started pushing it.  All this tax will do is hamper the ability to do business (i.e., market liquidity), and end up being shouldered by small banks and in the end, the consumer.  Big banks will find their ways around this, no problem, but the boutique capital firms will surely struggle.    This isn't just a ""oh, we'll institute this micro-tax and everyone is happy!"" - they want to tax the underlying value of assets on each trade.  This creates a direct impact to free-market trading which I don't believe they've accounted for (which is shocking, really).  It's a tax on the top and bottomline, and a general tax on the actual execution point of an entire industry.  It's a half-baked idea that shouldn't have gotten as far as it did."

"The answer to the question, can I exercise the option right away? depends on the exercise style of the particular option contract you are talking about. If it's an American-style exercise, you can exercise at any moment until the expiration date. If it's an European-style exercise, you can only exercise at the expiration date. According to the CME Group website on the FOPs on Gold futures, it's an American-style exercise (always make sure to double check this - especially in the Options on Futures world, there are quite a few that are European style): http://www.cmegroup.com/trading/metals/precious/gold_contractSpecs_options.html?optionProductId=192#optionProductId=192 So, if you wanted to, the answer is: yes, you can exercise those contracts before expiration. But a very important question you should ask is: should you? Option prices are composed of 2 parts: intrinsic value, and extrinsic value. Intrinsic value is defined as by how much the option is in the money. That is, for Calls, it's how much the strike is below the current underlying price; and for Puts, it's how much the strike is above the current underlying price. Extrinsic value is whatever amount you have to add to the intrinsic value, to get the actual price the option is trading at the market. Note that there's no negative intrinsic value. It's either a positive number, or 0. When the intrinsic value is 0, all the value of the option is extrinsic value. The reason why options have extrinsic value is because they give the buyer a right, and the seller, an obligation. Ie, the seller is assuming risk. Traders are only willing to assume obligations/risks, and give others a right, if they get paid for that. The amount they get paid for that is the extrinsic value. In the scenario you described, underlying price is 1347, call strike is 1350. Whatever amount you have paid for that option is extrinsic value (because the strike of the call is above the underlying price, so intrinsic = 0, intrinsic + extrinsic = value of the option, by definition). Now, in your scenario, gold prices went up to 1355. Now your call option is ""in the money"", that is, the strike of your call option is below the gold price. That necessarily means that your call option has intrinsic value. You can easily calculate how much: it has exactly $5 intrinsic value (1355 - 1350, undelrying price - strike). But that contract still has some ""risk"" associated to it for the seller: so it necessarily still have some extrinsic value as well. So, the option that you bought for, let's say, $2.30, could now be worth something like $6.90 ($5 + a hypothetical $1.90 in extrinsic value). In your question, you mentioned exercising the option and then making a profit there. Well, if you do that, you exercise your options, get some gold futures immediately paying $1350 for them (your strike), and then you can sell them in the market for $1355. So, you make $5 there (multiplied by the contract multiplier). BUT your profit is not $5. Here's why: remember that you had to buy that option? You paid some money for that. In this hypothetical example, you payed $2.30 to buy the option. So you actually made only $5 - $2.30 = $2.70 profit! On the other hand, you could just have sold the option: you'd then make money by selling something that you bought for $2.30 that's now worth $6.90. This will give you a higher profit! In this case, if those numbers were real, you'd make $6.90 - $2.30 = $4.60 profit, waaaay more than $2.70 profit! Here's the interesting part: did you notice exactly how much more profit you'd have by selling the option back to the market, instead of exercising it and selling the gold contracts? Exactly $1.90. Do you remember this number? That's the extrinsic value, and it's not a coincidence. By exercising an option, you immediately give up all the extrinsic value it has. You are going to convert all the extrinsic value into $0. So that's why it's not optimal to exercise the contract. Also, many brokers usually charge you much more commissions and fees to exercise an option than to buy/sell options, so there's that as well! Always remember: when you exercise an option contract, you immediately give up all the extrinsic value it has. So it's never optimal to do an early exercise of option contracts and individual, retail investors. (institutional investors doing HFT might be able to spot price discrepancies and make money doing arbitrage; but retail investors don't have the low commissions and the technology required to make money out of that!) Might also be interesting to think about the other side of this: have you noticed how, in the example above, the option started with $2.30 of extrinsic value, and then it had less, $1.90 only? That's really how options work: as the market changes, extrinsic value changes, and as time goes by, extrinsic value usually decreases. Other factors might increase it (like, more fear in the market usually bring the option prices up), but the passage of time alone will decrease it. So options that you buy will naturally decrease some value over time. The closer you are to expiration, the faster it's going to lose value, which kind of makes intuitive sense. For instance, compare an option with 90 days to expiration (DTE) to another with 10 DTE. One day later, the first option still has 89 DTE (almost the same as 90 DTE), but the other has 9 DTE - it relatively much closer to the expiration than the day before. So it will decay faster. Option buyers can protect their investment from time decay by buying longer dated options, which decay slower! edit: just thought about adding one final thought here. Probabilities. The strategy that you describe in your question is basically going long an OTM call. This is an extremely bullish position, with low probability of making money. Basically, for you to make money, you need two things: you need to be right on direction, and you need to be right on time. In this example, you need the underlying to go up - by a considerable amount! And you need this to happen quickly, before the passage of time will remove too much of the extrinsic value of your call (and, obviously, before the call expires). Benefit of the strategy is, in the highly unlikely event of an extreme, unanticipated move of the underlying to the upside, you can make a lot of money. So, it's a low probability, limited risk, unlimited profit, extremely bullish strategy."


Question: Can a stock exchange company actually go bust?

A stock exchange is a marketplace where people can bring their goods [shares] to be traded. There are certain rules. Stock Exchange does not own any shares of the companies that are trading in.  The list of who owns with stock is with the registrar of each company. The electronic shares are held by a Financial Institution [Securities Depository]. So even if the exchange itself goes down, you still hold the same shares as you had before it went down. One would now have to find ways to trade these shares ... possibly via other stock exchange. This leaves the question of inflight transactions, which again would be recorded and available. Think of it similar to eBay. What happens when eBay goes bankrupt? Nothing much, all the seller still have their goods with them. All the buyers who had purchased good before have it when them ... so the question remains on inflight goods where the buyer has paid the seller and not yet received shipments ...

What the fuck is up with these comments? Are you all uneducated middle Americans?   College is 100% worth it. Kids just need to have more knowledge about loans in general. And how college is an investment in yourself, so choose to study something of value.

The special rights for corporations come automatically when US companies become a multinational. And that binds the US, just like it did, for example, Slovakia, [blocking their right to have affordable health care](http://www.italaw.com/sites/default/files/case-documents/italaw3206.pdf), because an insurance company had silently, invisibly finagled a SUPERIOR right to massive compensation, basically free money.

You need to talk to the 401(k) administrator, or HR, for the exact details. Typically, you can only borrow 50% of your balance, and can pay it back up to a ten year term. Some plans have different rules, this is just a common offering.  The larger issue is whether the loan prevents you from making further deposits till repaid. This would cost you not just the growth in the account, but the matched deposits for those years. That would be a deal killer for me. If that were the case, I'd drop my deposits to only get the match, and save for a real deposit without the loan.

"This is the best tl;dr I could make, [original](http://www.washingtonexaminer.com/need-proof-that-tax-cuts-promote-economic-growth-look-to-the-states/article/2638023) reduced by 87%. (I'm a bot) ***** > A new report released this week by the Tax Foundation - along with assessment of states&#039; fiscal health, economic performance, and population changes - confirm that states with lower taxes and reasonable levels of government spending have stronger economies and are more attractive for businesses and individuals.  > The State Business Tax Climate Index is an annual ranking of state tax systems and how well they are structured to promote economic growth.  > Big-government, high-tax, reckless-spending states such as Vermont, California, New York, and New Jersey find themselves at or near the bottom of tax climate and fiscal health rankings, as well as the bottom in economic outlook.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/78j193/need_proof_that_tax_cuts_promote_economic_growth/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~234422 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*: **State**^#1 **tax**^#2 **new**^#3 **economic**^#4 **fiscal**^#5"

If we knew for sure that euros are only going to be more expensive in the future, then the answer would be easy: Buy them all at one time, so that we are getting them at the best price.  Of course, we can't assume that to be the case, they could get cheaper, so the answer gets more complicated. Focusing strictly on monetary considerations, there are two factors to examine: Using answers to this Travel Stack Exchange question as a reference, you see that the cost of currency conversion can be as low as 1%-2% if you make the transaction with a debit card, but can be as high as 15%.  So, buying 1000 euros a month would cost between 20 and 150 euros. Examining a two year chart of the Euro-Canadian Dollar exchange rate gives us an idea of how much the currency fluctuates. Over the past two years, a euro has cost has much as $1.54 CAD and as little as $1.26 CAD, a 22% spread. Looking at it on a month-to month basis, we see that monthly changes have been as high as .05 to .07 (4-5%).  As such, buying 1000 euros a month could cost 50 CAD more (or less) on a monthly basis due to variance in the exchange rate.   If we anticipate our overhead cost of currency conversion to be more than 5%, it doesn't make sense to do multiple transactions; the costs are likely to outweigh the benefits. If we can keep them under that amount, then multiple transactions are advantageous when the euro is cheaper. The problem is somewhat analagous to that of someone who wants to make an annual investment in a mutual fund and is unsure of whether to make the purchase all at once, or to divide it over multiple purchases. One can't know for sure which way the mutual fund price is going to move over the time period Dollar cost averaging, spreading the purchase over regular intervals, is the generally accepted solution to this problem.   As such, so long as we can keep the overhead cost of currency transactions low (<5%), doing transactions on a regular basis positions ourselves to take advantage of possible drops in the price of euros and reduces the risk of buying euros when they are most expensive.  If we can't keep the cost low, then currency fees would be greater than potential price drops and we would be better off doing a single transaction.

One of the many reasons why condominiums became popular in the Philippines as a modern family-home is because of its location, in which most of these types of [condo in Philippines](http://www.ayalalandpremier.com/One-serendra.php) are found outside Metro Manila, either in the outskirts or in some popular neighboring provinces surrounding the capital, such as in Tagaytay and Laguna. These types of condominiums are known as condominium complexes.

"Plenty of links around, under the ""monetization"" heading. However my understand came from a local app developer who's done a number of presentations. He's been tweaking and trying to find new ways to develop his now quite successful app, with the aim of earning enough that he doesn't have to work doing databases.  What he found was that ranking in app searches was dependent on downloads, and revenues (paid or ads) were dependent on total installs. Therefore if you go the paid app way, you don't get the downloads to get placement on search returns, so you don't get downloads - a negative spiral. In addition it's another barrier to get your potential user over. Thus you want free as the initial price.  You can try the freemium route - but it really depends on continued usage rate. If people are to buy it in-app, then then need to regularly use it (and it has to be designed this way). But if you do this, you can get regular ad revenue as well - it might not be much, but it adds up.  Hence his statement was to design to have high value ads built in to the way the app works, and allow people to also pay to get rid, or add new functionality."


Question: What is a 401(k) Loan Provision?

"Congratulations on the job offer!  That type of matching sounds good if you plan to stay at a company for more than a year. My experience has been that 401k matching can range from 2% up to 8% for your typical starting job, so a total of 6% is good. You would definitely want to contribute at least 5% to take advantage of the ""Free"" money. Loan provision could mean that loans from 401k are allowed. I did some research and found that not all company 401ks allow for you to take a loan out of your 401k. Typically this is bad practice since you are robbing your 401k of it's major advantage - tax free compound interest.  Source"

Thanks for the comment,  Yes and it seems to be getting worse now not better I'm afraid.  Stories spread like wildfire in the markets here when a store pulls the wool over someones eyes and makes a fist full of cash, this means more and more people want a slice of it. Be careful.

It's really not DRM, it was never intended to be. It was their one lowest price model, to offer something more affordable before the model 3 release. No other models are affected, and the expected market size was so small it was cheaper than designing one more lower capacity battery. Everyone knew what they were buying, and can upgrade to the next model up at any time. I don't see how this is possibly a bad thing, that model is already discontinued as well and this will never be a thing again. Remember the alternative is for those few owners to just have a 60kwh battery, and not be able to do this, this was not possible on any other models.

Ci sono molte forme di energia rinnovabile. La maggior parte di queste energie rinnovabili dipende in un modo o nell'altro dalla luce solare. Il vento e la potenza idroelettrica sono il risultato diretto del riscaldamento differenziale della superficie terrestre che porta all'aria in movimento (vento) e formazione di precipitazioni quando l'aria viene sollevata. Energia Rinnovabile solare è la conversione diretta della luce solare utilizzando pannelli o collettori. L'energia di biomassa è immagazzinato nella luce solare contenuta nelle piante.

It is obvious that Putin is not afraid of breaking any rules, he shows that he can be just like american presidents - do whatever he wants even if Russians and the world says NO. I don't think a war will start but who knows how far things can get.

The size of our government has been growing right alongside the inequality gap. I would say there is a connection, as the wealth of the many is funneled to the cronies of the few. Remember, a majority of our Representatives comprise the 1%, its no secret they help each other out.

The Robber Barrons are in power and once they sink their claws into our system (and they have had them sunk in for decades) it will be hard to get rid of them, but for our own future we have to try to remove them.

"Yes. Filling all the orders of just reservations will bring in over 2 billion in revenue. Spending 1.16 billion to make 2+ billion isn't bad business. It is the ""it takes money to make money"" rule of life.   EDIT: I re-ran the numbers (assuming every order is the base model) and its more like 2.1 billion."


Question: Setting up general ledger/tax reporting for a Real Estate Rental LLC in GnuCash

No, GnuCash doesn't specifically provide a partner cash basis report/function. However, GnuCash reports are fairly easy to write. If the data was readily available in your accounts it shouldn't be too hard to create a cash basis report. The account setup is so flexible, you might actually be able to create accounts for each partner, and, using standard dual-entry accounting, always debit and credit these accounts so the actual cash basis of each partner is shown and updated with every transaction. I used GnuCash for many years to manage my personal finances and those of my business (sole proprietorship). It really shines for data integrity (I never lost data), customer management (decent UI for managing multiple clients and business partners) and customer invoice generation (they look pretty). I found the user interface ugly and cumbersome. GnuCash doesn't integrate cleanly with banks in the US. It's possible to import data, but the process is very clunky and error-prone. Apparently you can make bank transactions right from GnuCash if you live in Europe. Another very important limitation of GnuCash to be aware of: only one user at a time. Period. If this is important to you, don't use GnuCash. To really use GnuCash effectively, you probably have to be an actual accountant. I studied dual-entry accounting a bit while using GnuCash. Dual-entry accounting in GnuCash is a pain in the butt. Accurately recording certain types of transactions (like stock buys/sells) requires fiddling with complicated split transactions. I agree with Mariette: hire a pro.

Well, I believe some would argue that the governing structures are somewhat different, as a king is basically the top of an aristocracy, and a representative government is supposedly invested by a popular mandate to act as stewards of the people.  It's a polite fiction governments maintain, these days.

Not too crazy about the article; skimmed it.  He could have boiled it down into:  tl;dr:  software does stuff i don't want to lol and i have a rich friend lolol.  software lol.  software? diversify and be passive lol.  software, k? k, bye.

You can create a PIN to file electronically at the link below: http://www.irs.gov/Individuals/Electronic-Filing-PIN-Request  Perhaps for the first issue, are all boxes and lines filled out correct? Did you correctly add your W2?

You could always maintain a limit order to sell at a price you're comfortable with.

I agree with you. B&M is not going anywhere. People like to see what they are buying. Thats why i never buy shirts online because they might be a bad quality. But to add to the Best Buy roast. When i went to buy my 3ds it took 20 minutes to get help i was planning on leaving.  When amazon announced the WF deal many, if not all, retailer's hearts skipped a beat.  When i got the bloomberg notification i had to read it 2-3 times to make sure i read it right.

Well, considering the US barely buys any Saudi oil...anywhere in the US is usually a good assumption.  Of course that completely ignores the global nature of oil prices and why you don't actually have to buy from them for them to benefit from the demand in the US.

You're absolutely correct. If you have maxed out your retirement investment vehicles and have some additional investments in a regular taxable account, you can certainly use that as an emergency source of funds without much downside. (You can borrow from many retirement account but there are downsides.) Sure, you risk selling at a loss when/if you need the money, but I'd rather take the risk and take advantage of the investment growth that I would miss if I kept my emergency fund in cash or money market. And you can choose how much risk you're willing to take on when you invest the money.


Question: Can my accounting for Tax Basis differ from my broker's

No. If you didn't specify LIFO on account or sell by specifying the shares you wish sold, then the brokers method applies.  From Publication 551 Identifying stock or bonds sold.   If you can adequately identify the   shares of stock or the bonds you sold, their basis is the cost or   other basis of the particular shares of stock or bonds. If you buy and   sell securities at various times in varying quantities and you cannot   adequately identify the shares you sell, the basis of the securities   you sell is the basis of the securities you acquired first. For more   information about identifying securities you sell, see Stocks and   Bonds under Basis of Investment Property in chapter 4 of Pub. 550. The trick is to identify the stock lot prior to sale.

"Paying off a loan early isn't a bad thing.  Having a credit card for 6 months and then closing it is probably unneeded; pay it off and then keep it as an emergency card.   The key is debt:available credit ratio.  Look at this article for example which explains the different elements; the only one you're affecting here is the second, your debt load.  If you're not planning on asking for another loan in the next six months, none of this really matters - assuming you are paying it off for sure, in six months, your debt will be gone and your credit score recovered from any hit it takes (and if you get a $1500 credit card and only put $300 on it, it might actually improve your credit). But having an open $1500 credit card with a 0 balance will probably improve your credit rating, unless you have a really high amount of available credit.  It will improve your debt/credit ratio (ie, total $ you owe divided by total $ you could put on your CCs/revolving credit). This is all aside from the ""is it a good idea to borrow money for a 3 month vacation before starting working"", which the answer is ""Well, not exactly"".  That's not from a credit perspective, just from a living within your means perspective.  If you have a firm job that will easily pay off the vacation, it's probably not a bad thing, but definitely a certain number of people will take this and end up in 'spending bad habits' that last their life.  Be aware of that, and if you're just loaning yourself money from the future, make sure you understand the terms of that loan... and are certain you can pay it off."

ICSE The subjects that are offered are isolated into three gatherings. ICSE Home Tuition in Mumbai Gathering I incorporates Compulsory Subjects — English, History and Civics, and Geography, and Indian Language, Group II which incorporates any two from Mathematics, Science (Physics, Biology, Chemistry) as partitioned subjects, Environmental Science, Computer Science, Agricultural Science, Commercial Studies, Technical Drawing, A Modern Foreign Language, ICSE Home Tuition in Mumbai A Classical Language and Economics, and Group III has any one from Computer Applications, Economic Applications, Commercial Applications, Art, Performing Arts, Home Science, Cookery, Fashion Designing, Physical Education, Technical Drawing Applications, Yoga, and Environmental Applications. In subjects where there are more than one paper (e.g., Science), the imprints acquired in the subject are figured by taking the normal of the considerable number of papers in the subject. Applicants showing up for the examination need to think about six subjects, with one to three papers in each subject. ICSE Home Tuition in Mumbai For subject HC&G the paper 1 comprises of History and Civics and paper 2 comprises of Geography. ICSE Home Tuition in Mumbai Science comprises of three papers each for Physics, Chemistry, and Biology. This makes for a sum of eight to eleven papers, contingent upon the subjects. ICSC comes about are taken from best five of six subjects out of which English imprints is necessary. ICSE Home Tuition in Mumbai We are passionate about teaching. We ICSE Home Tuition in Mumbai Academy nurture our students to possess confidence and the necessary skills to get the success in exams. Why Choose OM Academy We IICSE Home Tuition in Mumbai completely believe in balance approach to excel in exams. Hence we provide the academic and non-academic courses to enhance the ability of the students to perform better in the real life challenges.

Wait just a second there...  > A sign advertised lots priced from the $300,000s to the $600,000s. Robinson told me that 27 of the Hideaways’ 58 sites have already been purchased, with the completed homes selling for as much as half a million dollars.  So, I have to buy a lot for $600,000 - then spend hundreds of thousands more building a house on that lot - and then you're telling me that the very best I can possibly do, is to then sell it for $500,000???

Well, he could negotiate with the bank to pay off the loan before the foreclosure takes effect. That would obviously cost him a large pile of cash but might remove the foreclosure, and possibly the late payments, from his record. But the real answer is that, having signed the note, he should have been making sure payments occurred so it never got close to foreclosure. That's what he promised the bank he would do. Having failed to do so, he really isn't in a position to complain when they tell other businesses that he didn't meet that promise.

I would base my decision off of regulatory climate and look primarily into eastern Europe to tackle the higher growth climate; let's say Estonia or Lithuania. Estonia ranks better in surveys tracking hours senior managers spend dealing with regulatory issues. Lithuania seems to have the edge in terms of just getting the business started, land purchased and enforcing contracts and cross border trade.   They probably have better demographics in terms of workforce.   Links: http://www.doingbusiness.org/rankings http://www.nationsencyclopedia.com/WorldStats/ESI-senior-management-time-regulation.html

"There are two issues here: arithmetic and psychology. Scenario 1: You are presently paying an extra $500 per month on your student loan, above the minimum payments. Your credit card company offers a $4000 cash advance at 0% for 8 months. So you take the cash advance, pay it toward the student loan, and then instead of paying the extra $500 per month toward the student loan you use that $500 for 8 months to repay the cash advance. Net result: You pay 0% interest on the loan, and save roughly 8 months times $4000 times the interest on the student loan divided by two. (I say ""divided by two"" because it's not the difference between $4000 and zero, but between $4000 and the $500 you would have been paying off each month.) Clearly you are better off. If you are NOT presently paying an extra $500 on the student loan -- or even if you are but it is a struggle to come up with the money -- then the question becomes, can you reasonably expect to be able to pay off the credit card before the grace period runs out? Interest rates on credit cards are normally much higher than interest rates on student loans. If you get the cash advance and then can't repay it, after 8 months you are paying a very steep interest rate, and anything you saved on the student loan will quickly be lost. What I mean by ""psychological"" is that you have to have the discipline to really repay the credit card within the grace period. If you're not very confidant that you can do that, this plan could go bad very quickly. Personally, I've thought about doing things like this many times -- cash advances against credit cards, home equity loans, etc, all give low-interest money that could be used to pay off a higher-interest debt. But it's easy to get into trouble doing things like this. It's easy to say to yourself, Well, I don't need to put ALL the money toward that other debt, I could keep a thousand or so to buy that big screen TV I really need. Or to fail to pay back the low-interest loan on schedule because other things keep coming up that you spend your money on instead, whether frivolous luxuries or true emergencies. And there's always the possibility that something will happen to mess up your finances, from a big car repair bill to losing your job. You don't want to paint yourself into a corner. Finally, maxing out your credit cards hurts your credit rating. The formulas are secret, but I understand that if you use more than half your available credit, that's a minus. How much it hurts you depends on lots of factors."

I'm pretty abnormal, because I actually strongly supported/support the War in Afghanistan, and am ambivalent towards the war in Iraq because I strongly value that Saddam was deposed.  That said, you are right.  It's crazy that these engagements are still continuing.  Nothing really changes that much.


Question: Does the common advice about diversification still hold in times of distress

The common advice you mentioned is just a guideline and has little to do with how your portfolio would look like when you construct it. In order to diversify you would be using correlations and some common sense. Recall the recent global financial crisis, ones of the first to crash were AAA-rated CDO's, stocks and so on. Because correlation is a statistical measure this can work fine when the economy is stable, but it doesn't account for real-life interrelations, especially when population is affected. Once consumers are affected this spans to the entire economy so that sectors that previously seemed unrelated have now been tied together by the fall in demand or reduced ability to pay-off. I always find it funny how US advisers tell you to hold 80% of US stocks and bonds, while UK ones tell you to stick to the UK securities. The same happens all over the world, I would assume. The safest portfolio is a Global Market portfolio, obviously I wouldn't be getting, say, Somalian bonds (if such exist at all), but there are plenty of markets to choose from. A chance of all of them crashing simultaneously is significantly lower. Why don't people include derivatives in their portfolios? Could be because these are mainly short-term, while most of the portfolios are being held for a significant amount of time thus capital and money markets are the key components. Derivatives are used to hedge these portfolios. As for the currencies - by having foreign stocks and bonds you are already exposed to FX risk so you, again, could be using it as a hedging instrument.

You should be saving as much money as you can afford in your 401k up to the maximum allowed. If you don't contribute at least 6%, then you are essentially throwing away the match money that your employer is offering. Start out with the target date fund. You can always change your investment option later once you learn more about investing, but get started saving right away and get that match!

"Zip code, as well as billing address, is used in conjunction with the Address Verification Service (AVS).  AVS is a web (or phone) service that actually verifies the address with the billing address on file with the issuing bank.  It does not use the credit card stripe.  You can see more information from various sources such as bank merchant help pages like Bank of America's. As far as what is stored on the stripe, it varies some by bank (as there are some ""optional"" areas).  The standards are discussed here. Fields include your account number, name, the expiration date, some card-specific stuff, and then the discretionary section.  I would not expect much in terms of address type information there. So - the answer to your question is that they can't really take much more than your name and CC #, unless you give it to them.  If you give a false zip code, you may have your purchase rejected.  They certainly do keep track of the credit card number, and I would suppose that is the most valuable piece to them; they can see you make purchases across time and know for a fact that it's the same exact person (since it's the same card). Additionally, zip codes for AVS from pay-at-the-pump are supposedly not generally used for marketing (see this article for example).  That is probably not true at at-the-register (in-person) collections, most of those aren't for AVS anyway.  Even California permits the pay-at-the-pump zip verification as long as it's only used for that (same article).  I would assume any information given, though, is collected for marketing purposes."

Disallowed losses due to the wash sale rule are added to the basis of the repurchased shares.  In your example, on day two you paid $0.70 per share. Then the disallowed $0.30 loss from the previous day gets added to the basis, making your total basis $1.00 per share. When you sell at the end of the day for $1.00 per share, your net gain/loss is zero. Furthermore, you can recapture disallowed losses by selling the last lot of ABC, completely divesting yourself of all holdings in ABC for at least 31 days. Even if that last lot was a loss, when taking into account the increased basis from previously disallowed wash sale losses, you can claim the loss fully on this last, non-wash sale.

I checked this myself and there is no monetary penalty for late filing. However, since I am late I have to do all publication over again which costs me extra $50.

The only way for a mutual fund to default is if it inflated the NAV. I.e.: it reports that its investments worth more than they really are. Then, in case of a run on the fund, it may end up defaulting since it won't have the money to redeem shares at the NAV it published. When does it happen? When the fund is mismanaged or is a scam. This happened, for example, to the fund Madoff was managing. This is generally a sign of a Ponzi scheme or embezzlement. How can you ensure the funds you invest in are not affected by this? You'll have to read the fund reports, check the independent auditors' reports and check for clues. Generally, this is the job of the SEC - that's what they do as regulators. But for smaller funds, and private (i.e.: not public) investment companies, SEC may not be posing too much regulations.

"I am confused how you spin an ""infinite mileage warranty"" into something negative.  Even if they have found powertrain failures (to your point)... they are handling it and their customers about as well as anyone could.  Yes, it is good PR because that in-turn will increase sales / revenues / profits.  What company doesn't want to do that?  Perhaps you're in the anti-Tesla circle-jerk?"

Nissan warranties their battery for 100K / 8 years, so it will be interesting to see how they handle a possible problem. As electric cars become more widespread it will also be interesting to see if the second-life market for batteries for static storage comes to pass, a big rebate for your old battery with limited range, but still lots of storage could take out  a good chunk of the cost for new batteries.


Question: How to calculate a mutual fund's yield

If the expense ratio of the fund is 0.00% then yes.  However, if the fund has expenses of 1% then if the NAV of the fund is $10/share the expenses would cause you to see only $.002 a share and thus you'd have $.10 in total as the expenses first cut down the yield.

Magnifique Mosaic Lamps boule en mosaïque de verre craquelé Vert/Doré pour mettre une ambiance tamisée dans votre salle à manger ou dans votre pièce à vivre. En détail :       Type de produit : Mosaic Lamps table  Couleur : Vert - Doré - Métal laqué noir - Joint noir Matière : Abat-jour : globe en verre recouvert de mosaïque craquelée, jointoyée - Piètement : métal laqué Caractéristiques : 1 x 25W E14 Dimensions : Ø 15,5 cm x H 22,2 cm

There are quite a few details missing. What was your status in India when the property was purchased. How was the property funded? As your status now is PIO, assuming you have registered as PIO, and the purchase was funded from NRE account; You can credit the original purchase price into NRE account and repatriate. The capital appreciation has to be credited to NRO, tax paid and apply for repatriation. A certificate from qualified chartered accountant is required. Essentially it certifies you have paid tax and are compiling with FEMA (Foreign exchange management act) If you are not registered as PIO, you would need to apply to RBI (Reserve Bank of India, similar to fed) for permission to sell as this transaction falls under FEMA. You would in any case need a CA. A lawyer would also help. Assuming you were reporting this property in your US IRS returns ... You are liable for taxes in US.  India and US have some amount of DTAA( dual tax avoidance agreement)

Your response give me hope for you, attitude is one of the things you can change! It may sound strange, but to love others you need to love yourself first.  Sometimes that means accepting who you are today and dedicating yourself to small changes that make life better! Start by finding good role models for caring people and try to be more like them.

"You owe only $38,860 to pay off your loan now, possibly less.   From what you say about your loan, tell me if I got this right: 30 year loan $75,780 original loan amount 9% annual interest rate $609.74 monthly payment You have made 272 payments Payment number 273 is not due until late 2019, possibly early 2020 If I have correctly figured out what you have done, you have been making monthly payments early by pulling out payment coupons before they are due and sending them in with payment.  You are about 4 years ahead on your payments.   If I have this correct, if you called the bank and asked ""what is my payoff amount if I want to pay this loan off tomorrow"" they would answer something like $38,860.  When you pay a loan off early, you don't just owe the sum of the coupons still remaining.  In your case, you owe at least $16,000 less! Indeed, if there is some way to convert your 4 years of pre-payments into an early payment, you would owe even less than $38,860.  I don't know banking law well enough to know if that is possible.   You should stop pulling coupons out of your book and paying them early.  Any payments you make between now and when your next payment is actually due (late 2019 sometime?) you should tell the bank you want applied as an early payment.  This will bring your total owed amount down much faster than pulling coupons out of your book and making payments years early.   If there is someone in your family who understands banking pretty well, maybe they can help you sort this out.  I don't know who to refer you to for more personal help, but I really do think you have more than $16,000 to gain by changing how you are paying your mortgage.   Good luck!"

"I know of one practical difference between business checks (8"" check) and personal checks (6"" check) dealing with the paper check conversion rule to electronic debit.   The National ACH Association, created a rule that allows receivers of checks without an ""Auxiliary On-Us"" field, to convert your check into an electronic debit via the ACH network.  By default, 6"" checks (personal checks) do NOT have the AUX ON-US field, and are eligible to be converted to ACH debit. If you do not want your paper checks converted to ACH debits, then start using business checks with the AUX ON-US field populated.  You can use business checks for business or personal checking accounts. More information can be found below: http://www.deluxe.com/miscfiles/pdf/AuxOnUsField.pdf http://www.achrulesonline.org/"

You can write industry loss warrants. This is the closest thing I’ve found since I’ve been interested in this side of the ILS trade. Hedge funds and asset managers can do this. From what I understand it’s you selling the risk.   Want to start a fund? 🤔

"This post may be old anyhow here's my 2 cents. Real world...no. Compounding is overstated. I have 3 mutual funds, basically index funds, you can go look them up. vwinx, spmix, spfix in 11 years i've made a little over 12,000 on 50,000 invested.  That averages 5%. That's $1,200 a year about. Not exactly getting rich on the compounding ""myth?"". You do the math. I would guess because overly optimistic compounding  gains are based on a straight line gains. Real world...that aint gonna happen."


Question: How to invest in the Russian oil market?

The Russian ETFs may be broad, but a quick glance at ERUS and RBL's sector breakdown shows they're 45% and 47% energy sector, and their top holding is Gazprom comprising 9% and 14% of each ETF respectively, with plenty more oil and gas companies in their top 10 too.  A harder question would be how to invest in Russia and avoid oil I think (and even then, the economy is thoroughly bound up in it). To rework a meme... In Soviet Russia, oil invest YOU!

The problem is not just the minimum wage. It's that the minimum wage is not enough to live on, and yet it's simultaneously extremely difficult to earn more than minimum wage if you're trapped in the cycle of earning minimum wage and spending all your money and free time keeping your head above water.

... can someone explain to me why vanguard of all companies would be asking for this? If they're a company based on broad index funds, then whether or not exxon or Chevron or whoever else has climate change risk is irrelevant to that model, right?

"You don't need a law degree, but it is pretty negligent to ask the internet legal advice. But hey, I guess you know better than me man.  My statements were more to say ""I don't know how nebraska works so you can't assume what I say is true everywhere.""  Speaking of which >Nepotism laws only apply to public sector jobs.  Doesn't apply everywhere anyway. You shit on me for trying not speak in incorrect definitive yet you then go ahead and make a false statement unilaterally."

">Privatization and outsourcing of knowledge is much cheaper than in-house economies of scale... wait, what?  It's a short-term gain ... problem with short term things is that when you do them repeatedly year-after-year, you pile-up a long-term loss (which eventually comes home to roost).  >When this grand experiment is proven to not be the panacea of the business world's quest for cost reduction, we'll all look back and laugh at how silly these guys were.  You mean like the housing bubble, when *everyone* was getting rich ""flipping"" their homes back and forth between each other.  >It's like saying it's cheaper for a family of four to eat out three times a day, seven times a week (at restaurant that serves food with quality comparable to home cooking) than it is to cook at home. We all know home cooked meals are more cost effective unless you're eating the bottom of the barrel fast food, even then, externalities of health and well being make the savings questionable.  Well said."

Some other suggestions: Index-tracking mutual funds. These have the same exposure as ETFs, but may have different costs; for example, my investment manager (in the UK) charges a transaction fee on ETFs, but not funds, but caps platform fees on ETFs and not funds! Target date funds. If you are saving for a particular date (often retirement, but could also be buying a house, kids going to college, mid-life crisis motorbike purchase, a luxury cruise to see an eclipse, etc), these will automatically rebalance the investment from risk-tolerant (ie equities) to risk-averse (ie fixed income) as the date approaches. You can get reasonably low fees from Vanguard, and i imagine others. Income funds/ETFs, focusing on stocks which are expected to pay a good dividend. The idea is that a consistent dividend helps smooth out volatility in prices, giving you a more consistent return. Historically, that worked pretty well, but given fees and the current low yields, it might not be smart right now. That said Vanguard Equity Income costs 0.17%, and i think yields 2.73%, which isn't bad.

Wow. That's quite possibly the most ignorant thing I've ever read.   So that confirms that you don't know anyone who follows that religion. You know, you could learn a lot if you turned off Fox News for a few minutes and spoke to someone who looks or worships differently than you. The internet could be a great tool if you did something other than read about things that confirm your (incorrect) assumptions about other people.   For the entirety of our country, there have been people on the wrong side of history. People who were pro slavery, people who were pro segregation. You, my friend, are going to find out one day that you were the asshole spraying the fire hose. Pardon my bluntness, but you're a real piece of shit.

You're right, but you also probably know a lot about technology. You are in the minority when it comes to the average e-book user. Most people don't know how to do anything else on an e-book reader other than read e-books.