Question: Investing in a growth stock periodically

I would encourage you to read The Warren Buffett Way.  Its a short read and available from most libraries as an audio book.  It should address most of the ignorance that your post displays.   Short term prices, offered in the market, do not necessarily reflect the future value of a company.  In the short term the market is a popularity contest, in the long run prices increases based on the performance of the company.  How much free cash flow (and related metrics) does the company generate.  You seem way overly concerned with short term price fluctuations and as such you are more speculating. Expecting a 10 bagger in 2-3 years is unrealistic.  Has it happened, sure, but it is a rare thing.  Most would be happy to have a 2 bagger in that time frame. If I was in your shoes I'd buy the stock, and watch it.  Provided management meet my expectations and made good business decisions I would hold it and add to my position as I was able and the market was willing to sell me the company at a good price.   It is good to look at index funds as a diversification.   Assuming everything goes perfectly, in 2-3 years, you would have an extra 1K dollars.  Big deal.  How much money could you earn during that time period?  Simply by working at a fairly humble job you should be able to earn between 60K and 90K during that time.  If you stuck 10% of that income into a savings account you would be far better off (6K to 9K) then if this stock actually does double.  Hopefully that gets you thinking. Staring out is about earning and saving/investing.  Start building funds that can compound.  Very early on, the rate of return (provided it is not negative) is very unimportant.  The key is to get money to compound!

"If he's not used to cooking, recipes might not be enough. Maybe he needs cooking lessons. I used to think if you could read, you could cook -- but I grew up ""helping"" my mom in the kitchen and in the process learning what all the instructions in cookbooks meant. But it also might just be force of habit, in which case about all you could do would be to go over and cook for (or with) him. Maybe if you helped him get into a good habit, he would be more likely to continue with it. Otherwise, I don't see that there's much of anything you can do. If he isn't motivated to change his habits to save for his trip, you can't make him be."

I would like to post a followup after almost a quarter. littleadv's advice was very good, and in retrospect exactly what I should have done to begin with. Qualifying for a secured credit card is no issue for people with blank credit history, or perhaps for anyone without any negative entries in their credit history. Perhaps, cash secured loans are only useful for those who really have so bad a credit history that they do not qualify for any other secured credit, but I am not sure. Right now, I have four cash secured credit cards and planning to maintain a 20% utilization ratio across all of them. Perhaps I should update this answer in 1.5 years!

Are you serious?   Voting for more social services for poor people hurts those with money by either raising their tax burden and/or reducing government expenditures that would have otherwise directly benefited them.   By giving blacks the vote, the white population's votes by definition carry less weight. Thus they've hurt their own ability to influence government.  I hope you can see the list goes on.

"Yes, and the reason for that is because things that are above the market (eg regulators, politicians et al) manipulate it constantly.  I think personally the market is still a price discovery mechanism, the rules of the game have just changed. I.e. risk now has taken on additional dimensions, so a lot of conventional theories of asset pricing can effectively be chucked out the window.   Whether we ever see the return to a more ""econ""-driven reality in market expectations (and by that extent therefore asset pricing) is anyone's guess, for now bye-bye to the established light-touch framework of decades past, hello to interventionist randomness."

The Vanguard Emerging Market Bond Index has a SEC yield of 4.62%, an expense ratio of 0.34%, a purchase fee of 0.75%, and an average duration of 6.7 years.  The Vanguard Emerging Market Bond Index only invests in US Dollar denominated securities, so it is not exposed to currency risk.  The US Intermediate Term Bond Index Fund has a SEC yield of 2.59%, an expense ratio of 0.1% and an average duration of 6.5 years.  So after expenses, the emerging market bond fund gives you 1.04% of extra yield (more in subsequent years as the purchase fee is only paid once).   Here are the results of a study by Vanguard: Based on our findings, we believe that most investors should consider   adding [currency risked] hedged foreign bonds to their existing diversified portfolios. I think a globally diversified bond portfolio results in a portfolio that's more diversified.

Not just that.   I occasionally drive through a rough part of town and see the dumbest people just walking in the street.   There is a sidewalk,  but let's walk in the busy road instead.   I'm going to get video of it,  it's insane.   Nobody uses the cross walk,  just dart out in traffic.   This has convinced me that there may be a significant correlation between intelligence and socioeconomic classes.  It's not education,  it's common sense shit they seem to be lacking.     It's really bad in the area I'm talking about.   There are sidewalks and cross walks and they are both blatantly ignored by way too many people in the neighborhood I am speaking of.   You have to see it to believe it,  people are dangerously retarded.   In order to not walk 20 feet further to get to a crosswalk and to a bus stop,  many people just opt to step out into traffic.   I came to this thread just because this is something me and my gf discuss each time we are in this section of town. It's like watching a live version of *Frogger* every 100 yards.

No, you can not claim any sort of tax benefit. The main problem is that your parent is not living with you, though even if they were, they would also have to be dependent on you. I cannot find a good definition of 'dependant', but from what I can find, they must have only a trivial amount of income and must rely on you for at least 50% of their living expenses. Useful links include: Note that your parent may (but probably won't) be required to pay taxes on the money you submit to them. I have no experience whatsoever with Indian tax law, just pointing this out as a possibility.


Question: Did my salesman damage my credit? What can I do?

This shows the impact of the inquiries. It's from Credit Karma, and reflects my inquiries over the past two years. In my case, I refinanced 2 properties and the hit is after this fact, so my score at 766 is lower than when approved. You can go to Credit Karma and see how your score was impacted. If in fact the first inquiry did this, you have cause for action. In court, you get more attention by having sufficient specific data to support your claim, including your exact damages.

If you enjoy driving 5 minutes out of the way to get gas (or mowing the lawn or whatever), then it is perfectly rational to do it.  If not, the value of your time is how much you would value (not necessarily how much you would get paid) doing something else. MrChrister is right, the concept behind the comic is opportunity cost.  In a nutshell, if driving an extra 5 minutes for gas is complete drudgery to you and you would only do it to save money, may as well get a part-time job at minimum wage instead.  If you would rather, say, go watch TV instead of getting that part-time job, then you value TV-watching at greater than the minimum wage, and it is still irrational to drive 5 minutes for the gas. Basically, the answer to your question is to figure out what else you could be doing that offers similar overall pleasure/pain to the task at hand and see how much you would get paid to do that instead.  It doesn't matter that you are on a fixed salary.

A lender will look at three things when giving a loan: Income. Do you make enough money each month to afford the payments. They will subtract from your income any other loans, credit card debt, student loan debt, mortgage. They will also figure in your housing costs. Your Collateral. For a mortgage the collateral is the house, for a car loan it is the car. They will only give you a loan to a specific percentage of the value of the collateral. Your money in the bank isn't collateral, but it can serve as a down payment on the loan.  Your Credit score. This is a measure of how well you handle credit. The longer the history the better. Using credit wisely is better than not using the credit you have.  If you don't have a credit card, get one. Start with your current bank. You have a history with them. If they won't help you join a credit union. Another source of car loans is the auto dealer. Though their rates can be high. Make sure that the purchase price doesn't require a monthly payment too high for your income. Good rules of thumb for monthly payments are 25% for housing and 10% for all other loans combined. Even a person with perfect credit can't get a loan for more than the bank thinks they can afford. Note: Don't drain all your savings, you will need it to pay for the unexpected expenses in life. You might think you have enough cash to pay off the student loan or to make a big down payment, but you don't want to stretch yourself too thin.

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"Assuming a price is set on an free market there are particular difficulties to pricing. A free market is one where the price is entirely determined by the willingness of people to buy and sell at a particular price point. What you perceive as price, is actually the ""tick"", i.e. the quote of the last transaction. The first and most serious major obstacle to pricing is a variation of the prisoners dilemma, a psychological phenomenon. For instance, bitcoin might be worth 4$ now, but you believe it will be worth 5$ in 3 days. Will you buy bitcoin? If acting only on your conviction, yes. But what if you consider what other people will do? Will others believe bitcoin will be worth 5$ in 3 days? Will they act on their conviction? Will the others believe that others believe that it wil be worth 5$ in 3 days, and will the others believe that the others who believe will act on their conviction? Will the others believe that others believe of still others who believe that they will act on their conviction? It goes on like this ad-infinitum. The actual behavior of any individual on the market is essentially chaotic and unpredictable (for the reason stated above and others). This is related to a phenomenon you call market efficiency. An efficient market always reflects the optimal price-point at any given time. If that is so, then you cannot win on this market, because at the time you would have to realize a competitive edge, everybody else has already acted on that information. Markets are not 100% efficient of course. But modern electronic markets can be very, very efficient (as say compared to stock markets fro 100 years ago, where you could get a competitive edge just by having access to a fast courier). What makes matters rather more difficult for price forecasting is that not only are humans engaging in the market, machines are as well. The machines may not be terribly good at what they do, but they are terribly fast. The machines that work well (i.e. don't loose much) will survive, and the ones that don't will die in short order. Since speed is one of the major benefits of the machines over humans, they tend to make markets even more efficient. Another phenomenon to price forecasting is that of information and entropy. Suppose you found a reliable method to predict a market at a given time. You act on this information and indeed you make a profit. The profit you will be able to achieve will diminish over time until it reaches zero or reverts. The reason for this is that you acted on private information, which you leaked out by engaging in a trade. The more successful you are in exploiting your forecast, the better you train every other market participant to react to their losses. Since for every trade you make successfully, there has to be somebody who lost. People or machines who lose on markets usually exit those markets in some fashion. So even if the other participants are not adjusting their behavior, your success is weeding out those with the wrong behavior. Yet another difficulty in pricing forecasts are black-swan events. Since information can have a huge impact on pricing, the sudden appearance of new information can throw a conservative forecast completely off the rails and incur huge losses (or huge unexpected benefits). You cannot quantify black-swan events in any shape or form. It is my belief that you cannot predict efficient and well working markets. You might be able to predict some very sub-optimal markets, but usually, hedge-funds are always on the hunt for inefficient markets to exploit, so by simple decree of market economics, the inefficient markets tend to be a perpetually dying species."

">It's the lion's share of the annual expenditures in the health sector and up there  Dude - no. Healthcare is [almost 4 trillion dollars a year](https://www.forbes.com/sites/danmunro/2014/02/02/annual-u-s-healthcare-spending-hits-3-8-trillion/#1ec0a80276a9) in the US. None of the links you posted show that the majority of that cost is due to regulation. Even if we *did* spend billions and billions on drug research - that's still a minor piece of the whole pie.  >If you don't have a problem with it then contribute the share of your income you see fit voluntarily. But who entitled you to decide for others that they have to do the same  I advocate UH because it would save us money. *All of us*. Even folks like you who don't envision being old or sick. Even rich people who are able to pay ridiculously high premiums without feeling it. Because it brings the total cost of healthcare down as a segment of the economy. Care for which we currently pay [twice as much as other developed nations](http://www.commonwealthfund.org/publications/issue-briefs/2015/oct/us-health-care-from-a-global-perspective). This isn't about handouts. This is about saving American money *and* doing the right thing.   >But I'd prefer the US to cut subsidies to 0, replace them with nothing and finally lower taxes. Which will eventually leave a lot more people with enough money to easily get private insurance. Just without the administrative effort and without forcing people to partake.  A simple example to show why this is purely wishful thinking. In the US - a heart stint (which is a big deal when you need one) is 50K. In the UK - it's 17K. In Spain - it's 12K. The median savings for American families is 5K. That means prices in the US need to come down 90% in order for people to be able to afford life saving surgeries.   Do you really, honestly, believe that cutting taxes and allowing mom and pop surgery centers or correspondence course MD schools will bring prices down that much? If so, do you *really* think we'll have favorable health outcomes that way?   Because remember - money isn't the only objective here. Healthy Americans is the desired outcome of this process.   >exploiting a minority against their will is the right thing to do.  The world is more nuanced than that. And this is in general why I think the left tends to look down on the right alot. Very black and white. Very is or isn't. No reasonable person thinks that asking the wealthy or businesses to help pay to *maintain the house they live in with us* is the same thing as slavery or even ""exploitation"".   And do you really think they're paying their fair share now? Romney paid 15% in taxes man. Trump, likely, hasn't paid taxes in years. Apple paid 0%. The list goes on and on. They've built a tax system so complex that *the only people paying* are you and me. And they're so slick with this shit that people like you come out here and defend them while they fuck the both of us. Shit blows my mind.   >You can try to seek refuge behind sources, but you can't refute the moral argument with those.  I've sourced every argument I've made clearly. That's not seeking refuge that's having an informed opinion.   For the latter, you claim taxation is theft.   If that's the case, then I claim it's OK to steal to heal sick people."

If you have no need for the money. Donate it. Spend the next few years determining what charities make sense and then when the wills are settled, then make those donations. You should get advice how how to best do that, there can be some limitations and complications. Sometimes the source of the money/property makes it more complicated. The form of the inheritance can also make a difference.  You could even setup a charitable trust to spread the donations out over year or decade. You could even make it so that you can live off the interest until you die, and then the rest goes to the charity. Note: just because they have no other children, there is no guarantee that you will receive the money/property. They, at any time, could write a will and cut you out of some, most , or all of the wealth.

"According to page 56 of the 2015 IRS Publication 550 on Investment Income and Expenses: Wash sales. Your holding period for substantially identical stock or securities you acquire in a wash sale includes the period you held the old stock or securities. It looks like the rule applies to stocks and other securities, including options. It seems like the key is ""substantially identical"". For your brokerage / trading platform to handle these periods correctly for reporting to IRS, it seems best to trade the same security instead of trying to use something substantially identical."


Question: Are stock investments less favorable for the smaller investor?

You have got it wrong. The profit or loss for smaller investor or big investor is same in percentage terms.

hello pointbox,  i enjoy getting in front of someone that does know what they are talking about, so i have a question for you...  could you give to us a textbook example of what a high frequency trade looks like?

If Trump does well, which I am 90% sure he will, then I will vote for him again.  Unless (!!!!), the DNC fight and fix the corruption in it and a descent Democratic candidate is chosen. I give less than 10% chance for this to happen (DNC fixing itself).   Hence, even if the DNC fix itself and we have a candidate like Kamala Harris (crazy far-left), I will not vote Democrats.  **I would have voted for Democrat O'Mally in the last elections if was nominated. But Hillary rigged it against him and Bernie.**

"In the US there is only one stock market (ignoring penny stocks) and handfuls of different exchanges behind it.  NYSE and NASDAQ are two different exchanges, but all the products you can buy on one can also be bought on the other; i.e. they are all the same market.  So a US equities broker cannot possibly restrict access to any ""markets"" in the US because there is only one. (Interestingly, it is commonplace for US equity brokers to cheat their customers by using only exchanges where they -- the brokers -- get the best deals, even if it means your order is not executed as quickly or cheaply as possible.  This is called payment for order flow and unfortunately will probably take an Act of Congress to stop.) Some very large brokers will have trading access to popular equity markets in other countries (Toronto Stock Exchange, Mexico Stock Exchange, London Stock Exchange) and can support your trades there.  However, at many brokers or in less popular foreign markets this is usually not the case; to trade in the average foreign country you typically must open an account with a broker in that country."

A rule of thumb I like to follow when purchasing things from CL listed well below value is this.. Assess the level of affluence of the seller. People living in poor neighborhoods are much more likely to try and hide things that would deter buyers as they are more likely to need the money. I find that when I go to a big house with 4 cars in the driveway the seller is more likely to be honest because she likely doesn't need the money from the sale.  Edit: I seem to have angered the PC police with this answer. This is based on facts and statistics, not my opinion. I have no bias against poor people.

haha ya, were a pretty great country. Our cell phone bills are ridiculous though. Highest in the world in fact, not to mention the province I am from, we're the highest in the country. So i pretty much pay more for my cell phone than anyone in the world!

She should call 211. This is exactly how they help. The 2-1-1 service is run by the United Way, a nonprofit organization. The 2-1-1 service strives to be a clearinghouse for services within a local area.

Over the last 100 years this has happened twice. It cant be considered an outlier. Especially considering the misery is far from over, euro crisis, looming pension crisis, food crisis, etc. There are a lot of things far from resolved. An event that happens once every 50 years is hardly an outlier just unlikely.


Question: Is there a way to tell how many stocks have been shorted?

Generally the number of shares of a U.S. exchange-listed stock which have been shorted are tracked by the exchange and reported monthly.  This number is usually known as the open short interest.  You may also see a short interest ratio, which is the short interest divided by the average daily volume for the stock. The short interest is available on some general stock data sites, such as Yahoo Finance (under Key Statistics) and dailyfinance.com (also on a Key Statistics subpage for the stock).

If it turns out that you do want to help pay the tax bill (after answering all the questions above), I say cash out those funds. You are apparently very young with a long work life ahead (lucky you). Step aside from the actual money part of it for a moment. What does your Mom want? What do you really want to do about this? Is it from love that you want to help but are afraid it's a bad financial decision? Or is it from a feeling of duty and you deep down don't really want to spend your savings on Mom's tax bill. - If you really do want to help and you have the wherewithall to do so, then do it. Otherwise don't. You can recover financially. - I myself have had my retirement savings go to nearly zero 3 times. The first time I recovered pretty easily. The second time, not so easily. I'm just starting on the recovery path for the 3rd time at age 58 and I highly doubt I ever will recover this time. I didn't cash out on purpose but the stock market was not friendly. - My main point is to figure out truly what you want.

"I've never heard of a loan product like that. Yes, if they keep the funds in an account, it is no risk to the bank, but they would essentially need to go through the loan process twice for the same loan: when you pick a house, they need to reevaluate everything, along with appraising and approving the house.  Even if you did find a bank that would do this for you, there are a few problems with this scheme. You would be paying interest before you have a need for this money, negating the savings you might achieve if the interest rates go up. In addition, your ""balance"" will go down as ""payments"" are deducted from your loan, and when you finally find a home to buy, you might not have enough for the house you want. You'll need to borrow more than you need, which will further negate any possible savings.  It is impossible to know how fast rates will climb. If I were you, I would stick to saving for your down payment, and just get the best rate you can when you are ready to buy.  Another potential idea for you is to lock an interest rate. When you apply for a mortgage, the interest rate is often locked for as much as 60 days, to protect the borrower in the event that the rates go up. You could ask the bank if you can pay a fee to lock the rate even longer. I don't know if that is possible or not. And, of course, the fee would eat into your potential savings."

There are a few things you should keep in mind when getting another vehicle: DON'T use dealership financing. Get an idea of the price range you're looking for, and go to your local bank or find a local credit union and get a pre-approval for a loan amount (that will also let you know what kind of interest rates you'll get). Your credit score is high enough that you shouldn't have any problems securing a decent APR. Check your financing institution's rules on financing beyond the vehicle's value. The CU that refinanced my car noted that between 100% and 120% of the vehicle's value means an additional 2% APR for the life of the loan. Value between 120% and 130% incurred an additional 3% APR. Your goal here is to have the total amount of the loan less than or equal to the value of the car through the sale / trade-in of your current vehicle, and paying off whatever's left out of pocket (either as a down-payment, or simply paying off the existing loan).  If you can't manage that, then you're looking at immediately being upside-down on the new vehicle, with a potential APR penalty.

You don't need to recharacterize. If you are married and your spouse is covered under a work retirement plan and you are not  the AGI limit in 2013 for folks that are married and filing jointly is $178,000 before the phase out begins. That was raised to $181,000 for 2014. A quick call to the broker/bank where your IRA is should confirm this.

We are sure that you want to know how much you will earn daily. Mostly it depends on your citizenship. US, UK and Canada members can earn about 50-60$ daily just for participating in surveys and offers. Representatives of other countries up to 5-7$, if they want to increase income it highly recommended to them mostly pay attention to passive income opportunities - our referral program. I like Cashle a lot better because you can get paid right away and the offers usually approve within the first day you complete them. Minimum for pay out is 1$ (!).

Algorithmic trading essentially banks on the fact that a price will fluctuate in tiny amounts over short periods of time, meaning the volatility is high in that given time frame. As the time frame increases the efficiency of algorithmic trading decreases and proper investment strategies such as due diligence, stock screening, and technical analysis become the more efficient methods.  Algorithms become less effective as the time frame increases due to the smoothing effect of volatility over time. Writing an algorithm that could predict future long-term prices would be an impossible feat because as the time frame is scaled up there are far less price fluctuations and trends (volatility smooths out) and so there is little to no benchmark for the formulas.  An algorithm simply wouldn't make sense for a long-term position. A computer can't predict, say, the next quarter, an ousted CEO, a buyout, or anything else that could effect the price of the security, never mind the psychology behind it all. Vice versa, researching a company's fundamentals just to bank on a 0.25% daily swing would not be efficient. Tax advantages or not, it is the most efficient methods that are preferred for a given time-scale of trading.

"Market orders do not get priority over limit orders.  Time is the only factor that matters in price/time order matching when the order price is the same. For example, suppose the current best available offer for AAPL is $100.01 and the best available bid is $100.00.  Now a limit buy for $100.01 and a market buy arrive at around the same instant.  The matching engine can only receive one order at a time, no matter how close together they arrive. Let's say that by chance the limit buy arrives first.  The engine will check if there's a matching sell at $100.01 and indeed there is and a trade occurs.  This all happens in an instant before the matching engine ever sees the market buy.  Then it moves on to the market buy and processes it accordingly. On the other hand, let's say that by chance the market buy arrives first.  The engine will match it with the best available sell (at $100.01) and a trade occurs.  This all happens in an instant before the matching engine ever sees the limit buy.  Then it moves on to the limit buy and processes it accordingly. So there's never a comparison between the two orders or their ""priorities"" because they never exist in the system at the same time.  The first one to arrive is processed first; the second one to arrive is processed second."


Question: Where to start with finding good companies to invest?

"There obviously is not such a list of companies, because if there were the whole world would immediately invest in them. Their price would rise like a rocket and they would not be undervalued anymore. Some people think company A should be worth x per share, some people think it should be worth y. If the share price is currently higher than what someone thinks it should be, they sell it, and if it is lower than they think it should be they buy it. The grand effect of this all is that the current market price of the share is more or less the average of what all investors together think it should currently be worth. If you buy a single stock, hoping that it's undervalued and will rise, you may be right but you may equally well be wrong. It's smarter to diversify over lots of stocks to reduce the impact of this risk, it evens out.  There are ""analysts"" who try to make a guess of which stocks will do better, and they give paid advice or you can invest in their funds -- but they invariably do worse than the average of the market as a whole, over the long term. So the best advice for amateurs is to invest in index funds that cover a huge range of companies and try to keep their costs very low."

"are you implying that employees with families, a desire for personal time, any degree of physical/mental ailment, are ""bad employees"". good AND bad employees are a risk when they are treated poorly with complete disregard.  by enslaving the standard worker to a non-livable wage in which they cannot even afford to take time off you are virtually ensuring that no corresponding value can be added to the system except by those who are well off.   I responded to another post in this thread asking what the minimum wage should cover. and i ask the same to you. what do you believe that index should be. by your logic, even slavery can be considered the index."

One answer in four days tells you this is a niche, else there should be many replies by now.  The bible is McMillan on Options Note - I link to the 1996 edition which starts at 39 cents, the latest revision will set you back $30 used. The word bible says it all, it offers a great course in options, everything you need to know. You don't get a special account for option trading. You just apply to your regular broker, so depending what you wish to do, the amount starts at   You sell calls against stock you own in your IRA. You see, selling covered calls always runs the risk of having your stock called away, and you'd have a gain, I'd hope. By doing this within the IRA, you avoid that.  Options can be, but are not always, speculative. Covered calls just change the shape of your return curve. i.e. you lower your cost by the option premium, but create a fixed maximum gain. I've created covered calls on the purchase of a stock or after holding a while depending on the stock. Here's the one I have now: MU 1000 shares bought at $8700, sold the $7.50 call (jan12) for $3000.  Now, this means my cost is $5700, but I have to let it go for $7500, a 32% return if called. (This was bought in mid 2010, BTW.) On the flip side, a drop of up to 35% over the time will still keep me at break even. The call seemed overpriced when I sold it. Stock is still at $7.20, so I'm close to maximum gain. This whole deal was less risky than just owning one risky stock. I just wrote a post on this trade Micron Covered Call, using today's numbers for those actually looking to understand this as new position. (The article was updated after the expiration. The trade resulted in a 42% profit after 491 days of holding the position, with the stock called away.) On the other hand, buying calls, lots of them, during the tech bubble was the best and worst thing I did. One set of trades' value increased by a factor of 50, and in a few weeks blew up on me, ended at 'only' triple. I left the bubble much better off than I went in, but the peak was beautiful, I'd give my little toe to have stayed right there. From 99Q2 to 00Q2, net worth was up by 3X our gross salary. Half of that (i.e. 1.5X) was gone after the crash. For many, they left the bubble far far worse than before it started. I purposely set things up so no more than a certain amount was at risk at any given time, knowing a burst would come, just not when. If nothing else, it was a learning experience.   You sell calls against stock you own in your IRA. You see, selling covered calls always runs the risk of having your stock called away, and you'd have a gain, I'd hope. By doing this within the IRA, you avoid that.  Options can be, but are not always, speculative. Covered calls just change the shape of your return curve. i.e. you lower your cost by the option premium, but create a fixed maximum gain. I've created covered calls on the purchase of a stock or after holding a while depending on the stock. Here's the one I have now: MU 1000 shares bought at $8700, sold the $7.50 call (jan12) for $3000.  Now, this means my cost is $5700, but I have to let it go for $7500, a 32% return if called. (This was bought in mid 2010, BTW.) On the flip side, a drop of up to 35% over the time will still keep me at break even. The call seemed overpriced when I sold it. Stock is still at $7.20, so I'm close to maximum gain. This whole deal was less risky than just owning one risky stock. I just wrote a post on this trade Micron Covered Call, using today's numbers for those actually looking to understand this as new position. (The article was updated after the expiration. The trade resulted in a 42% profit after 491 days of holding the position, with the stock called away.) On the other hand, buying calls, lots of them, during the tech bubble was the best and worst thing I did. One set of trades' value increased by a factor of 50, and in a few weeks blew up on me, ended at 'only' triple. I left the bubble much better off than I went in, but the peak was beautiful, I'd give my little toe to have stayed right there. From 99Q2 to 00Q2, net worth was up by 3X our gross salary. Half of that (i.e. 1.5X) was gone after the crash. For many, they left the bubble far far worse than before it started. I purposely set things up so no more than a certain amount was at risk at any given time, knowing a burst would come, just not when. If nothing else, it was a learning experience.

Typically, a direct debit is set up by the company who will be receiving the money, not by you or your bank. So you need to contact your credit card company, and ask them to set up the direct debit.

I worked for a firm where the trainer ruined the sales team and was eventually fired. Dude was an ex Tony Robbins con man that used Tony's name to come in and be a cheerleader. I'm sure some are good but do your research.

> I'm not sure what the point here is.  The point is that the US just abandoned taking responsibility for it's part in climate change to save some jobs that are a small part of the overall economy.  > However, for the individual who has pride in his or her work as e.g a coal miner, and who made a decent living, won't be better off working for Arby's.  True, but the existing Arby's employees will be worse off, as will all the workers in other industries, as will all the inhabitants of Pacific island nations, as will just about everyone else in the world.  But thank god a small group has job satisfaction.

"Not to mention there's no such thing as an ""Economics Nobel Prize"", but to the credit of the OP the term was correctly put in quotations.  The prize (propaganda coup) is the Rikksbank Prize in memory of Alfred Nobel, and Nobel himself opposed the concept of a prize in economics. The much more recently created prize was devised only in 1969 by central bankers as a way to promote economists who primarily share and promote the ideology of central banking. They co-opted the Nobel name and bribed the Nobel committee with a lump sum they couldn't turn down, and the rest is history."

Well, premium is the least of my worries. I would rather worry about that than have to worry about a margin call. I hate debt, and so this is the draw for me. I will check on that. I have a few books on options and derivatives, and I find it quite fascinating! I would really like a specific book on future options, but I will take a look through the books I have. Thanks!


Question: Can I do periodic rollovers from my low-perfoming 401k to an IRA?

"There are certain allowable reasons to withdraw money from a 401K.  The desire to free your money from a ""bad"" plan is not one of them.   A rollover is a special type of withdrawal that is only available after one leaves their current employer.  So as long as you stay with your current company, you cannot rollover.  [Exception: if you are over age  59.5] One option is to talk to HR, see if they can get a expansion of offerings.  You might have some suggestions for mutual funds that you would like to see.  The smaller the company the more likely you will have success here.  That being said, there is some research to support having few choices.  Too many choices intimidates people. It's quite popular to have ""target funds""  That is funds that target a certain retirement year.  Being that I will be 50 in 2016, I should invest in either a 2030 or 2035 fund.  These are a collection of funds that rebalances the investment as they age.  The closer one gets to retirement the more goes into bonds and less into stocks.   However, I think such rebalancing is not as smart as the experts say.  IMHO is almost always better off heavily invested in equity funds.  So this becomes a second option.  Invest in a Target fund that is meant for younger people.  In my case I would put into a 2060 or even 2065 target. As JoeTaxpayer pointed out, even in a plan that has high fees and poor choices one is often better off contributing up to the match.  Then one would go outside and contribute to an individual ROTH or IRA (income restrictions may apply), then back into the 401K until the desired amount is invested.   You could always move on to a different employer and ask some really good questions about their 401K.  Which leads me back to talking with HR.  With the current technology shortage, making a few tweaks to the 401K, is a very cheap way to make their employees happy. If you can score a 1099 contracting gig, you can do a SEP which allows up to a whopping 53K per year.  No match but with typically higher pay, sometimes overtime, and a high contribution limit you can easily make up for it."

Sure - I honestly don't mind membership sites, and there are a bunch of sites that I do maintain active memberships to like the New Yorker, it's all about quality. I just have to keep an eye on my subscription credit card so I can make sure I'm not getting billed for a service that I've long since forgotten about.

"From the Times A Reader Q.&A. on G.M.’s Bankruptcy Q. I own G.M. preferred shares. Should I be looking to sell them, or   hold on? I bought them at $25 a share when they were issued in late   2001. — Karen, Manhattan A. When a company files for bankruptcy, its various stock and   bondholders essentially get in line. The first investors to be repaid   are secured debt holders, then senior bond investors, followed by   subordinated debt holders. Preferred shareholders are next, and   lastly, holders of common stock. In a bankruptcy, preferred shares are usually worthless, much like   shares of common stock. But in the case of G.M., there may be some   good — or at least somewhat better — news. Most of G.M.’s preferred   shares are actually senior notes or “quarterly interest bonds,” which   means you will be treated as a bondholder, according to Marilyn Cohen,   president of Envision Capital Management. So you will be able to   exchange your preferreds for G.M. stock (bondholders will receive 10   percent of the new company’s stock). It’s not the best deal, but it   beats the empty bag true preferred shareholders would have been left   holding. Of course this is just one example, and you were hoping to get some larger picture. The article stated ""In a bankruptcy, preferred shares are usually worthless, much like shares of common stock"" which at least is a bit closer to that, if you accept usually as a statistic."

Successful covered calls are short term capital gains. The amount of time you have owned the underlying security is irrelevant. The gain occurred in the option period which will be an amount of days less than needed for a long term capital gain classification. Failed Covered calls can be either as the date you acquired the stock you are forced to sell determines their classification.

"I'm curious to know if you or any of your relatives have ever been declared as being mentally ill or having a psychological disorder.   Worst case scenario, let's say it is a ""con operation."" In that case, that just makes all of the psychologists(and other people who aided them) look smart and the general public(which I already agree with) look stupid.   If most of psychology is all BS, then that just makes everyone else stupid for spending all of their money to get ""treated."" And, really if we are that stupid (stupid enough to believe such a huge lie) I would then agree with the (25% of americans suffer from mental illness) statement because you have to be pretty stupid to be told such a huge lie and not figure it out.   Another thing: if it is so easy to tell that psychology is a scam, then why is there (in general) cross-field(scholars from physics, biology, history, language, medicine, etc) acceptance of psychology as a science?"

"It's what modern advertising is based on. They're not selling you a product. They're selling you a ""new you."" Modern advertising is based on the erroneous assumption that by buying the product your personality and lifestyle will improve and the customer believes he/she is entitled to the lifestyle they see people in the commercial enjoying by buying the product, at least subconsciously they think that. It's not logical but look at how many commercials barely feature the product or its benefits at all but instead focus on the customers of the product looking cool and popular and successful.  Having the logo of the brand of clothing that you bought, prominently displayed on the clothing lets everyone else know how you see yourself and what lifestyle you want for yourself. That's why so many people are eager to pay to advertise a corporation's brand."

At Affordable RV storage customer get more saving then just money. They save time when they use the amenities at the vehicle storage facility. Even when using this boat storage you getting the best rates anywhere. RV parking is easy and user freindly for all customers. This RV storage is far more superior then all other competitors.

Look at the basic cost of the lease.  Option 1: keep the car for three years. Pay for repairs during that time then sell it for $7,000. Option 2: Sell the current car for $10,000. Lease a new car for three years. Assume no need for repairs during those three years. At the end of the three years return the car in return for $0. Cost of option 1 is $3000 plus repairs.  Cost of Option 2 is 36 months x monthly lease cost. The first $83 of the monthly lease cost is to cover the $3000 fixed cost of option 1. The rest of the monthly lease cost is to cover the cost of repairs. Also remember that some leases have a initial down payment due at signing, and penalties for condition, and excess mileage. The lease company may also require a higher level of insurance for the lease to cover their investment if you have an accident.  Plus If you fall in love with a different car two year from now, or your needs change you are locked in until the end of the lease period.


Question: What makes an actual share valuable? [duplicate]

"What benefit do I get from buying a share The value of any financial asset is its ability to generate cash in the future, and thus the ""value"" of a share is heavily influenced by the dividends it pays and the equity value.  The equity value can be calculated different ways. Two common ways are to just take ""book"" value, meaning assets - liabilities, or you can look at the projected free cash flows of the company discounted back to the present time. Voting rights don't typically influence a share price except in hostile takeover scenarios (meaning someone buys up a lot of shares to have more influence in company decisions)"

"You don't know what the term 'ad hominem' means. I am claiming you are ignorant based on your clear misrepresentation of factual evidence, which is an observation, not an ad hominem. You are just throwing out an insult not based on any actual evidence, which is an ad hominem. At least learn your pejorative terminology if you're going to try to adult.   As for ""bad life decisions"", again, you are flaunting ignorance by ignoring the fact that poverty is massively chronic in America right now. Four in ten Americans have an income below the 1968 minimum wage. You can try to call them names and demean them all you want, but the higher paying jobs just aren't there for everyone, which is why we must seriously increase the minimum wage so that the necessities of life can be attained."

"> So the fact that i was born here against my own free will automatically gives the government the right to seize the fruits of my labor?  Yes, in the same way that being born to parents living in a clean house means you are going to make your bed, pick up your clothes, and mow the lawn...   > ""well just leave then!""   Well, yes. It is either that, or change the laws.   > Which is fucking stupid and in pretty sure I already gave you 1 way but I'll say it again cuz it's clear you're incapable of following along  For someone who is so sure that they have ""*THE* answer"" you sure are defensive. It is quite possible that I have had a discussion over the SAME topic over the last 5 days with a *bunch* of people because so many people got butt hurt that I enjoy paying my taxes, and feel it is a patriotic duty because of all the good it does.   > federal sales tax  So federal sales tax is your big secret? I would actually be fine with it, as long as it took into account those that are currently not paying income tax due to poverty or disability.  > That's why you see countries like Sweden with insane tax rates seeing limited growth and in a lot of cases on the verge of an economic collapse.   I have lived in Europe for a number of years. I was in Germany last year, I will be in Spain next week. If you think that strong tax policy makes a country economically weak, then you have not actually lived in any of these countries, have you?   Sweden is currently ranked 11th in the world for [GDP per capita](https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita). Matter of fact, the only country in the top ten of that list that don't have a strong tax policy is Qatar - and that is only because of ridiculous oil money. Would like to see where they sit in two years.   Sweden last year had an [economic growth rate of 4.1%](http://www.imf.org/en/News/Articles/2016/11/14/111716Sweden-Great-Economic-Performance-but-Mind-the-Debt). More than 3 times what the growth rate in the US was, at [1.6% for 2016](http://www.cbsnews.com/news/u-s-economic-growth-slowed-in-2016-to-1-9/). It was ranked [#34 in the world for economic growth](https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_growth_rate), just under your Bahamas with their no income tax, no estate or wealth tax, but well above the US at 47. The IMF matter of fact said their economy was ""in good health and growing robustly""... So, not sure where you are getting your facts from, but may want to think again. I would recommend that you actually go visit a couple of these ""tax hellholes"" and see for yourself how ""crushed"" by their taxes these poor victims of government ""theft"" are..."

"This is the best tl;dr I could make, [original](https://qz.com/1029925/if-youre-renting-a-city-apartment-without-a-car-16-of-your-rent-pays-for-parking-you-dont-need/) reduced by 76%. (I'm a bot) ***** > Since the 1940s, many US cities introduced minimum parking rules: for every new unit of housing, developers must also build a certain number of parking spaces.  > Parking should be thought of as an equity issue, argues researchers Gregory Pierce and C.J. Gabbe in the journal Housing Policy Debate, Why? The average price of building a garage parking space is passed on to people whether they own a car or not, and distort the true demand for urban parking.  > &quot;The lack of rental housing without bundled parking imposes a steep cost on carless renters-commonly the lowest income households-who may be paying for parking that they do not need or want,&quot; write the authors.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6o5ro3/if_youre_renting_a_city_apartment_without_a_car/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~170156 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*: **Parking**^#1 **housing**^#2 **price**^#3 **car**^#4 **new**^#5"

It was originally sponsored on 5/11 by Marco Rubio along with 4 other Republicans and 4 Democrats. It passed through both houses with relative ease. Lets not make this out to be some tough piece of legislation Trump had to fight for. This is something he signed on his way out the door to another golf trip.   And lets not forget the president is cutting disability pay for 225,000 veterans who are retirement age. This cuts what these veterans live on to about $1100 per month and saves a mere $3.2 billion while discretionary spending in the department has increased over $4 billion.   But go on and cheer the Secretary's ability to hire and fire people easier.

Based on your description of what you were given, then you should not need to contact DMV/DOT However if you are not comfortable with that answer then contact/visit the dealer, you can ask them how long it normally takes, and do you pick up the real plates at the dealer, DMV, or will they be mailed to you. Also call them if the temporary plates will run out in a few days, to make sure everything is good to go. One other note. If the dealer is in one state, and you live in another they can give you temporary plate for their state but may not be able to file for the real plates in your state. Once everything is finalized go online to DMV and make sure that the car registration is OK. A few years ago the dealer gave me real plates, they gave me a registration good for two years. But the info sent to DMV was corrupted: the VIN was in the system, but the description was wrong and the plates were listed as none. This was only noticed when I tried to re-register the car two years later. In fact according to DMV the plates on the car were listed as never issued. If I had ever been pulled over it would have taken hours to resolve.

Did you know that bill-pay is a third party system? The way they run it encourages multiple overdrafts, Just last week I had 150$ in fees. Not to mention they recently had a class action they lost in which they were fucking over service members with home loans. I've been with them since 2002, they're just as shady as every other institute that charges you money to use your money.

You need a source of delisted historical data.  Such data is typically only available from paid sources. According to my records 20 Feb 2006 was not a trading day - it was Preisdent's Day and the US exchanges were closed. The prior trading date to this was 17 Feb 2006 where the stock had the following data: Open: 14.40 High 14.46 Low 14.16 Close 14.32 Volume 1339800 (consolidated volume) Source: Symbol NVE-201312 within Premium Data US delisted stocks historical data set available from http://www.premiumdata.net/products/premiumdata/ushistorical.php Disclosure: I am a co-owner of Norgate / Premium Data.


Question: How do I handle taxes on a very large “gift” from my employers?

"You're right about your suspicions. I'm not a professional (I suggest you talk to a real one, a one with CPA, EA or Attorney credentials and license in your State), but I would be very cautious in this case. The IRS will look at all the facts and circumstances to make a claim, but my guess would be that the initial claim would be for this to be taxable income for your husband. He'd have to prove it to be otherwise. It does seem to be related to his performance, and I doubt that had they not known him through his employment, they'd give him such a gift. I may be wrong. So may be an IRS Revenue Officer. But I'd bet he'd think the same. Did they give ""gifts"" like that to anyone else? If they did - was it to other employees or they gave similar gifts to all their friends and family? Did those who gave your husband a gift file a gift tax return? Had they paid the gift tax? Were they principles in the partnership or they were limited partners (i.e.: not the ones with authority to make any decision)? Was your husband instrumental in making their extraordinary profit, or his job was not related to the profits these people made? These questions are inquiring about the facts and circumstances of the transaction. Based on what he can find out, and other potential information, your husband will have to decide whether he can reasonably claim that it was a gift. Beware: unreasonable claims lead to equally unreasonable penalties and charges. IRS and your State will definitely want to know more about this transaction, its not an amount to slide under the radar. This is not a matter where you can rely on a free opinions written by amateurs who don't know the whole story. You (or, rather, your husband) are highly encouraged to hire a paid professional - a CPA, EA (enrolled agent) or tax attorney with enough experience in fighting gift vs income characterization issues against the IRS (and the State, don't forget your State). An experienced professional may be able to identify something in the facts and the circumstances of the situation that would lead to reducing the tax bill or shifting it to the partners, but it is not something you do on your own."

The backbone of any Barrier gate, whether automatic or not, is the electric gate motor, the electric device which actually enables the barrier gate to open and close without having to manually push the gate. All types of electric gates and barriers make use of a motor of some kind.

Its based on demand and supply and what Bank think the future rates would be. Today Banks in India have a liquidity crunch as the Repo Rates by Reserve Bank of India [Central Bank] are high. Bank want to encourage more people to deposit money and hence are offering higher rates. Banks also believe that once the Inflation is under control, the Central Bank would ease the repo rates. This is likely to happen in a years time. Hence Banks one year down want to lower the Fixed Deposit rates. So essentially they would be at loss if they give higher rates for longer periods. So they are offering the highest rates for a period of year which motivates more people to invest for a year, even if they want to stay invested for long.

No it's not expensive sets - they are rare and there are tons of cheaper ones. I think technically it's cheaper than historically.  No it's not mine craft - that has been around for years already and they obvs actually make money off it.  I personally think it's saturation - 5 years of double digit growth and it's a durable product - people have already bought a ton of lego and expanding distribution will eventually run out of steam

Well, premium is the least of my worries. I would rather worry about that than have to worry about a margin call. I hate debt, and so this is the draw for me. I will check on that. I have a few books on options and derivatives, and I find it quite fascinating! I would really like a specific book on future options, but I will take a look through the books I have. Thanks!

"Sorry, I figured maybe if we could a man on the moon, we develop an app lets you know the trade in value for an item on Amazon. Fuck off with you sarcastic ""wow"" remark, nothing insightful, nothing helpful just you masturbating your own ego with a three letter word, you must feel so proud."

They also eliminate the risk associated with that loan, and get the money back to find a loan to someone else, possibly at a higher rate. It really is just about financially neutral for them.

I view it as a “zero sum game” from the perspective of the customer. Don’t tell me that my meal is $25 when EVERYONE KNOWS that it’s actually, $25 + $5 tip = $30. Just make the menu price $30 and pay people properly. It’s the exact same cost for a customer. Then, if a tip is left, it is truly a tip for the worker(s) and not the majority of their earnings.   And before anyone chimes in to tell me that servers like to tax-dodge on their unreported earnings... Yeah, so would we all. In the same way that we’d never pay a Doctor, Accountant, Soldier, or Teacher a fraction of their pay and then hope that the people they serve were in a good mood to give them a little something extra, neither should we do this to tipped workers.


Question: Who can I get to help me roll my 401(k) into an IRA when I live overseas?

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

people implicity agree to sell stocks when a company does bad But, remember, when you sell the stock of a company that, in your estimation, 'did bad', someone else had to buy; otherwise, there is no sale. The someone else who bought your shares evidently disagrees with your assessment. Did you sell because the company didn't earn a profit at all? Did it not earn a profit because it's in a dead-end business that is slowly but inevitably declining to zero? Something like Sears Holdings? Or did it not make a profit because it is in an emerging market that will possibly someday become hugely profitable? Something like Tesla, Inc.? Did you sell because the company made a profit, but it was lower than expected? Did they make a lower-than-expected profit because of lower sales? Why were the sales lower? Is the industry declining? Was the snow too heavy to send the construction crews out? Did the company make a big investment to build a new plant that will, in a few years, yield even higher sales and profits? What are the profits year-over-year? Increasing? Declining? Usually, investors are willing to pay a premium, that is more than expected, for a stock in a company with robust growth.  As you can see, the mere fact that a company reported a profit is only one of many factors that determine the price of the shares in the market.

"One thing I'd quibble on. There is mainstream exposure. You are probably correct that everyone isn't buying records.   But from late 90's, non-existent to the availability now is a huge change. still not as common as groceries, or coffee.   The awareness of vinyl's return is fairly mainstream. Like when society as a whole co-opts a phrase / word, like ""bling"" or etc. That doesn't mean grandma is ""street"" now."

Yeah those are similar numbers to the largest cities in the US.  You can buy a house in or near a mid-sized US city for 100K but it would be a very basic house in good not great neighborhood.  After the downturn, I bought 2 houses as investments.  One I bought for 31,000 USD and after renovations I had 85,000 in it.  Sold it for 115,000.  The other I bought for  $91,000.  I still have that one.  It rents for $1200/mo and is currently worth maybe $140,000 (3 Bedrooms, 1 full bath, 1 half bath, 1400 sq ft).  It is a very safe area but Cincinnati city schools.  FYI Cincinnati has a STEM academy that is one of the top public schools in the country but you have to test into that specific school.    Those prices just blow me away.  I make a very good living plus the investment income and I don't think I could even sort of make the payment on 1.4 million for a shack.  Everyone can't be a trust fund baby or a Google millionaire.  FYI(2) I joined a Bay Area internet startup back in the day and in the end it got bought up by an ERP company.  My stock that I hoped to make millions on got me a $45,000 payday (so a lot better than nothing but in no way buying me a house in the Bay Area)

Besides the reason in @rhaskett's answer, it is important to consider that paying off a 30-year mortgage as if it was a 15-year is much more inconvenient than just paying the regular payments of a 15-year mortgage.  When you pay extra on your mortgage, some lenders do not know what to do with the extra payment, and need to be told explicitly that the extra needs to be applied toward the principal.  You might need to do this every month with every payment.  In addition, some lenders won't allow you to set up an automatic payment for more than the mortgage payment, so you might need to explicitly submit your payment with instructions for the lender each month, and then follow up each month to make sure that your payment was credited properly.  Some lenders are better about this type of thing than others, and you won't really know how much of a hassle it will be with your lender until you start making payments. If you intend to pay it off in 15 years, then just get the 15-year mortgage.

"No. Credit card companies will typically not care about your individual credit card account. Instead they look either at a ""package"" of card accounts opened at roughly the same time, or of ""slices"" of cardholder accounts by credit rating. If an entire package's or slice's balance drops significantly, they'll take a look, and will adjust rates accordingly (often they may actually decrease rates as an incentive to increase you use of the card). Because credit card debt is unstructured debt, the bank cannot impose an ""early payment penalty"" of any kind (there's no schedule for paying it off, so there's no way to prove that they're missing out on $X in interest because you paid early). Generally, banks don't like CC debt anyway; it's very risky debt, and they often end up writing large balances off for pennies on the dollar. So, when you pay down your balance by a significant amount, the banks breathe a sigh of relief. The real money, the stable money, is in the usage fees; every time you swipe your card, the business who accepted it owes the credit card company 3% of your purchase, and sometimes more."

The values of 12, 26 and 9 are the typical industry standard setting used with the MACD, however other values can be substituted depending on your trading style and goals. The 26d EMA is considered the long moving average when in this case it is compared to the shorter 12d EMA. If you used a 5d EMA and a 10d EMA then the 10d EMA would be considered the long MA. It is based on what you are comparing it with. Apart from providing signals for a reversal in trend, MACD can also be used as an early indication to a possible end to a trend. What you look out for is divergence between the price and the MACD. See chart below of an example:  Here I have used 10d & 3d EMAs and 1 for the signal (as I did not want the signal to show up). I am simply using the MACD as a momentum indicator - which work by providing higher highs in the MACD with higher highs in price. This shows that the momentum in the trend is good so the trend should continue. However the last high in price is not met with a higher high in the MACD. The green lines demonstrate bearish divergence between price and the MACD, which is an indication that the momentum of the trend is slowing down. This could provide forewarning that the trend may be about to end and to take caution - i.e. not a good time to be buying this stock or if you already own it you may want to tighten up your stop loss.

The only real competition I see in the US market is in the pre-paid service providers.  But they are just piggybacking off the networks of the larger carriers.  To have an actual functioning market they would have to be some legal framework that requires all carriers to share their networks at some reasonable fee rate and then put value added on top of that.  That is pretty much how the POTS worked.  We recognized that as a nation it is plainly ridiculous to compete on who can hang the most wires.  We lost that lesson and now we're letting carriers compete almost purely on who can erect the most towers.  AT&T and Verizon are essentially the same company offering the same service.  The entire basis of their competition is who can get the most right of way access to install the most towers.  it's crazy.


Question: Is it legal to receive/send “gifts” of Non-Trivial Amounts to a “friend”?

"Am I right to say that no tax needs to be given for the annual ~$130k   USD, since they are considered as annual gift tax exclusion? Not only that you're wrong, but it also looks like a tax fraud, not just mere avoidance. You'll have hard time proving to any judge or jury that the gifts are ""in good faith"". By the way, $5 a month is below minimum wage."

Like most software it's about what you put in to them. We use ProSeries software which is like TurboTax but $4500 with no questions.   I would do your taxes on online and then have a professional do them. You then can ask any questions you may have to better understanding of what's going on. Only take copies of your documents because some unprofessional places will try to keep them.  Do this each time something big changes in your life, you have a baby, buy a house or start a business.  May cost more but could save you thousands in the long run.  I have been doing taxes professionally for 7 years.

"Ally Bank $0 - from their website (emphasis mine): To receive a wire transfer from a non-U.S. bank: Incoming wire transfers from a non-US bank are processed by our   designated receiving bank, JP Morgan Chase Bank, N.A. You'll need to provide the following information to the person or   business sending the wire transfer to you: Receiving Bank: JP Morgan   Chase Bank, N.A. ABA/Routing Number: 021000021 Address: 1 Chase   Manhattan PLZ, New York, NY 10005 SWIFT Code or Bank Identification   Code: CHASUS33 Beneficiary Account Number: 802904391 Beneficiary Name:   List 'Ally Bank' since the wire is being processed by JP Morgan Chase   Bank, N.A. Further Credit: Your Ally Bank Account Number and your name   as it appears on your Ally Bank account. Note: We won't charge you to receive a wire transfer into your Ally   account. https://www.ally.com/help/search.html?term=SWIFT&console=false&context=Help&domain=www.ally.com&section=Help+%26+FAQs Alliant Credit Union $0 - from their website (emphasis mine): Direct international wire transfers  International wire transfers are   handled through our correspondent bank for processing. International   wires can take up to 10 business days to be credited to the receiving   institution. Funds should be wired to: Northern Trust ABA# 071000152 ""Note: US   Banks do not use SWIFT codes. This ABA # is used in place of SWIFT   codes for US Banks."" 50 South La Salle Street, Chicago, IL 60603 For further credit: Alliant Credit Union Account Number 35101804 11545   W. Touhy Avenue, Chicago, IL 60666 For final credit: Member’s name and complete address (No P.O. Box)   Member’s 14-digit account number Destination of funds (checking,   savings or loan number)  Incoming wire transfers: Wire transfers received Monday - Friday,   7:00am - 3:00pm, CT, will be credited to your account the same day.   Wire transfers received after 3:00pm, CT, Monday - Friday and on the   weekend will be credited the next business day. Fees:   We do not charge a fee to receive incoming wire funds. However, the financial institution wiring the funds may charge for this   service. http://www.alliantcreditunion.org/help/receiving-a-wire-transfer-to-your-alliant-account"

"A drop in credit score of 300 is pretty significant, right?  You describe the cause of this as ""unfortunate circumstances"".  Lets say you observe a mother giving a small child a ball to play with in the median of a busy interstate.  Once the inevitable happens, would you also describe that as ""unfortunate circumstances""?  Because really it is the same thing. You overextended yourself and did not consider risk in the decision to borrow money.  This may sound harsh, but you have proven that you cannot handle credit.  So your solution is to borrow more?  That makes no sense. The best thing you can do for your credit score is to reduce, then eliminate all debt."

“... Have you seen fucking L.A” and  “... Arkansas”. Sure, that’s how it is. I guess the analysis from OP’s link is a future where the world keeps developing. Taking the bus in Sicily when I first went there 25 years ago, was virtually impossible. It came when the driver felt like it, and it went to to/from a very limited amount of locations. Today it’s not a problem at all from early morning to early evening. I guess that in a few years, it will change even more. For the better.

The only ridiculous thing in the article is the statement that taxes to try to keep down inequality won't do any good because companies will hire less.   What bullshit. Taxes on the wealthy doesn't need to come from the companies alone, it should also come from closing ridiculous loopholes that only favour the rich, and a more progressive income tax system that includes all earnings, be them through wages or through capital gains.   I really don't understand why $100,000 in wages should be treated differently tax-wise than $100,000 in capital gains...

Disclaimer: I don't work in the finance industry, and simply took a few classes in corporate finance and management during my undergrad.  It depends on what type of investing you're talking about. If you're talking about building a portfolio of securities, then CAPM is the basis for most valuation models. Generally, CAPM will have you discount based on your best available risk-free rate (usually t-bills or some other fixed income source with a reliable backer). Even after your valuation, the basic theory of risk management for an investment portfolio is still to maintain a diverse basket of poorly correlated products.  If you're talking about corporate finance where a firm is considering an investment such as a new project, then a determining a WACC and using it as a discount rate for your cash flow is a basic strategy.   This is a basic strategy, but there are better ones depending on the specifics of the investment. This is where evaluating exposures is important. To hedge counterparty risk, you might discount by the estimated probability of non-payment or buy trade insurance. To hedge currency risk, you might buy forwards, options, or look into a money market hedge. To hedge political risks like repatriation or changes in tax laws or regulation you might buy political risk insurance. To hedge exposure to a particular commodity price, you can trade futures.

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Question: How can I investigate historical effect of Rebalancing on Return and Standard Deviation?

"Do not reinvent the wheel! Historical data about stock market returns and standard deviations suffer from number of issues such as past-filling and mostly survivorship bias -- that the current answers do not consider at all. I suggest to read the paper ""A Century of Global Stock Markets"" by Philippe Jorion (UC Irvine) and William Goetzmann (Yale), here. William Bernstein comments the results here, notice that rebalancing is sometimes a good option but not always, his non-obvious finding where the low SD did not favour from rebalancing:  Look at the final page of the paper,  ""geometric returns -- represent returns to a buy-and-hold strategy"" and the ""arithmetic averages -- give equal weight to each observation interval."", where you can find your asked ""historical effect of Rebalancing on Return and Standard Deviation"". The paper nicely summarizes the results to this table:  The results in the table are from the interval 1921-1996, it is not that long-time but even longer term data has its own drawbacks. The starting year 1921 is interesting choice because it is around the times of social-economical changes and depressing moments, historical context can be realized from books such as Grapes Of Wrath (short summary here, although fiction to some extent, it has some resonance to the history). The authors have had to ignore some years because of different reasons such as political unrest and wars.  Instead of delving into marketed spam as suggested by one reply, I would look into this search here. Look at the number of references and the related papers to judge their value.  P.s. I encourage people to attack my open question here, hope we can solve it!"

Does allowing family to stay at the rental jeopardize my depreciation?  No, accumulated depreciation that hasn't been deducted reduces your basis in the event of sale. That doesn't go anywhere. Accumulating more may not be allowed though. If the property is no longer rental (i.e.: personal use, your family member lives there for free), you cannot claim expenses or depreciation on it. If you still rent it out to your family member, but not at the fair market value, then you can only claim expenses up to the rental income. I.e.: you can only depreciate up to the extent the depreciation (after all the expenses) not being over the income generated. You cannot generate losses in such case, even if disallowed. If you rent to your family member at the market rate (make sure it is properly documented), then the family relationship really doesn't matter. You continue accumulating expenses as usual.

"That article, like almost any article written by a non-expert and quoting only ""research"" from lobbying groups, hugely misses the point. The vast majority of orders that end up being cancelled are cancelled as a standard part of exchanges' official market-maker programs. Each exchange wants you and me to know that it has liquidity -- that when we go to buy or sell some stock, there will be someone waiting on the other side of the trade.  So the exchange pays (via lowered fees or even rebates) hundreds of registered market makers to constantly have orders resting in each product's order book within a few ticks of the current NBBO or the last trade price.  That way, if everyone else should suddenly disappear from the market, you and I will still be able to trade our shares for a price somewhat close to the last trade price. But market makers who are simply acting in this ""backstop"" role don't actually want to have their orders filled, because those orders will almost always lose them money. So as prices rise and fall (as much as tens of times per second), the market makers need to cancel their resting orders (so they don't get filled) and add new ones at new prices (so they meet their obligations to the exchange).  And because the number of orders resting in any given product's order book is vastly larger than the number of actual trades that take place in any given time period, naturally the number of cancellations is also going to hugely outweigh the number of actual trades.  As much as 97% to 3% (or even more). But that's completely fine! You and I don't have to care about any of that.  We almost never need the market makers to be there to trade with us.  They're only there as a backstop.  There's almost always plenty of organic liquidity for us to trade against.  Only in the rare case where liquidity completely dries up do we really care that the registered market makers are there.  And in those cases (ideally) the market makers can't cancel their orders (depending on how well the exchange has set up its market maker program). So, to answer your question, the effect of standard order cancellation on a stock is essentially none.  If you were to visualize the resting orders in a product's book as prices moved up and down, you would essentially see a Gaussian distribution with mean at the last trade price, and it would move up and down with the price.  That ""movement"" is accomplished by cancellations followed by new orders. P.S. As always, keep in mind that your and my orders almost never actually make it to a real stock exchange anymore.  Nowadays they are almost always sent to brokers' and big banks' internal dark pools.  And in there you and I have no idea what shenanigans are going on.  As just one example, dark pools allow their operators and (for a fee) other institutional participants access to a feature called last look that allows them to cancel their resting order as late as after your order has been matched against it! :( Regarding the question in your comment ... If Alice is sending only bona fide orders (that is, only placing an order at time T if, given all the information she has at time T, she truly wants and intends for it to be filled) then her cancellation at a later time actually adds to the effectiveness of and public perception of the market as a tool for price discovery (which is its ultimate purpose). [In the following example imagine that there are no such things as trading fees or commissions or taxes.] Let's say Alice offers to buy AAPL at $99.99 when the rest of the market is trading it for $100.00.  By doing so she is casting her vote that the ""fair value"" of a share of AAPL is between $99.99 and $100.00. After all, if she thought the fair value of a share of AAPL was higher --  say, between $100.00 and $100.01 -- then she should be willing to pay $100.00 (because that's below fair value) and she should expect that other people in the market will not soon decide to sell to her at $99.99. If some time later Alice does decide that the fair value of AAPL is between $100.00 and $100.01 then she should definitely cancel her order at $99.99, for exactly the reason discussed above.  She probably won't get filled at $99.99, and by sitting there stubbornly she's missing out (potentially forever) on the possibility to make a profit. Through the simple act of cancelling her $99.99 order, Alice is once again casting a vote that she no longer thinks that's AAPL's fair value.  She is (very slightly) altering the collective opinion of the entire market as to what a share of AAPL is worth.  And if her cancellation then frees her up to place another order closer to her perceived fair value (say, at $100.00), then that's another vote for her honest optinion about AAPL's price. Since the whole goal of the market is to get a bunch of particpants to figure out the fair value of some financial instrument (or commodity, or smart phone, or advertising time, etc.), cancellations of honest votes from the past in order to replace them with new, better-informed honest votes in the present can only be a good thing for the market's effectiveness and perceived effectiveness. It's only when participants start sending non-honest votes (non bona fide orders) that things start to go off the rails.  That's what @DumbCoder was referring to in his comment on your original question."

"If you buy a call, that's because you expect that the stock will go up. If it does not go up, then forget about buying more calls as your initial idea seems to be wrong. And I don't think that buying a put to make up for the loss will work either, the only thing that is sure is that you will pay another premium (on a stock that could stay where it is). Even if you are 100% sure that the stock will go up again, don't do anything, as John Maynard Keynes stated: ""Markets can remain irrational longer than you can remain solvent"". My idea is: wait until the expiration date. The good things about options is that you won't lose more than the premium that you paid for it and that until it reaches its maturity you can still make money if the market turns around. More generally, when you are purely speculating, adding to a position when it goes against you is called ""averaging down"". I sincerely discourage you to do that : If the stocks goes in the wrong direction, that means that your   initial idea was wrong in the first place (or you were not right at   the right moment). In my opinion, adding up to a wrong idea is not the   right thing to do. When you are losing, just take your loss and don't   add up to your position based on your emotions. On the other hand, adding to your position more when the stock goes in   your direction is called ""pyramiding"" and is, in my opinion, a better   way of doing things (you bought, you were right, let's buy more). But   at some point you will have to take your profits. There are plenty of other stocks on which you can try to invest and the market will still be here tomorrow, there will be other opportunities to make profits. Rushing things by constantly trying to have a position is not a good idea. Not doing anything is also a strategy."

Where did I say we treat all crimes equivalently?  Didn't.  But I sure as hell will say fraud is fraud and it doesn't matter if you steal pennies a bunch of times to make a million or you steal it all at once.       The crimes ARE accurately measured in the article.  The $3.7 trillion is not a 'wrong' number nor is it a lie.

"I don't know about that, how would anyone ever get loans? Of course I might just be limited to ""in the box"" thinking of the idea that we even need loans to facilitate the economy. I think maybe 90% reserves 10% lending or some other mix other than right now its currently law (in the US) that banks hold only 10% of the money in accounts as reserve while they can lend out 90%. I don't think it was ever intended to keep eroding like it has to the point where its 1:9 savings:loaned ."

Legitimate, yes.  However, cosidering the fact that Chinese working conditions are often far from ideal to begin with, that even though the salaries are increasing considerably, the majority  of people would never pay extra for fair trade. Organic , big city people with higher living standards, yes quite possibly considering the food safety issues. Majority, no way, too expensive.  Any business idea based on fair trade in China is nothing but wishful thinking in my humble opinion.

This depends. Quite a few stock exchanges / country report total capitalisation in terms of free float. I.E total shares that can be traded, ignoring the promoters shares. The market cap reported by company takes all shares.


Question: Pension or Property: Should I invest in more properties, or in a pension?

Diversification is one aspect to this question, and Dr Fred touches on its relationship to risk.  Another aspect is leverage: So it again comes down to your appetite for risk.  A further factor is that if you are successfully renting out your property, someone else is effectively buying that asset for you, or at least paying the interest on the mortgage. Just bear in mind that if you get into a situation where you have 10 properties and the rent on them all falls at the same time as the property market crashes (sound familiar?) then you can be left on the hook for a lot of interest payments and your assets may not cover your liabilities.

With 10% return over three years, depositing $900 each month, in three years $34,039.30.  Re. downvote. I guess this is too brief and without explanation, but I was rushing.  If you want further explanation of how this is calculated check the link already posted by JoeTaxpayer, and have a look at the formula for continuously compounded return.  Also, try out the numbers in the simplified example below yourself.  E.g.  Addendum mhoran_psprep has pointed out that I didn't read the OP's post closely enough.  With rolling investments the total return will be:  Where n is the month number i.e. 36, 37, etc.

You can't make your bank do a charge back. This function is to assist with straight up fraud, not a customer service mistake. (Think spoofed or stolen card or if a vendor intentionally acted fraudulently.) While you may believe what they did is fraud, your bank will require that you provide the vendor with the opportunity to rectify the situation themselves. Trying to call back and giving up after a long hold time won't meet their standards. If banks started letting anyone unhappy with a vendor start doing charge backs, they would be doing nothing else all day. The issues you're describing has not reached the threshold for the bank to authorize a charge back.  Comcast has local and regional offices, and you could go in person to speak with someone. Maybe there isn't one near you. There are non-peak hours which wait times will be less. You'll just have to grin and bear it if you truly want the money back. Then, take your business elsewhere and post bad reviews online. Always keep in mind that when you eventually speak with someone, they will not be the person that messed up, and you should be overly nice and polite to them. I promise it will yield far better results than being surly and demanding. Another way to get Comcast's attention would be to file a complaint with the BBB. It might take longer, but I've had this work with big companies, usually with good results. Again, be nice to whomever contacts you. In reference to your recent duplicate question: Mastercard won't be able to help at all. They play no part in the transaction at all.

There are quite a few advantages to credit cards in the uk. But don't borrow on them past the grace period. Set up a direct debit to pay amount in full.

Do you work with low-skilled employees? Specifically, do you ever have to manage them? I am going to make the assumption that you do not based on the comments you are making. It is impossible to say ALL of anything is a certain way. I'm not suggesting that at all. I'm going to specifically talk about averages. It seems like you've never been around the average.  The average minimum wage employee doesn't have a high school education. It is fairly safe to say that they continuously are not developing skills that provide value both to themselves and others. If a person refuses to provide more for society, should society fill the gap?  You suggest that people who are poor didn't get there because of their own right. Are people who are self-made millionaires (on average) good with finances? Why would that be? If yes, why do you assume those that are successful are so because of their own merit but cannot be blamed for failure?  Seattle is a nice place. My exterior painter is doing a job there right now. It's a 3 month job. He is painting 1,000 apartments. He took 7 guys with him that he pays around $1,750 a week plus room and board. He had to take 7 guys with him because he can't find workers up in Washington. Can you imagine that? People in Seattle have not developed the skill of exterior painting. That's the reality of your job market. Even further, companies do have massive incentives to move to cheaper locations. The starting salary of large corporations varies wildly based on cost of living. Goldman Sachs will offer nearly $100k a year starting to work in the NYC branch compared to $65-70k in Houston.

"The most common use of non-deductible Traditional IRA contributions these days, as JoeTaxpayer mentioned, is as an intermediate step in a ""backdoor Roth IRA contribution"" -- contribute to a Traditional IRA and then immediately convert it to a Roth IRA, which, if you had no previous pre-tax money in Traditional or other IRAs, is a tax-free process that achieves the same result as a regular Roth IRA contribution except that there are no income limits. (This is something you should consider since you are unable to directly contribute to a Roth IRA due to income limits.) Also, I want to note that your comparison is only true assuming you are holding tax-efficient assets, ones where you get taxed once at the end when you take it out. If you are holding tax-inefficient assets, like an interest-bearing CD or bond or a stock that regularly produces dividends, in a taxable account you would be taxed many times on that earnings, and that would be much worse than with the non-deductible Traditional IRA, where you would only be taxed once at the end when you take it out."

Seems like this was a tough situation, but Dave Brandon has not had success recently. Dominoes straight up apologized for what their product became with him leading, he got ousted from UM Athletics because the ticket prices crashed and students were revolting, and now this. Doesn't look like a good few years for him from where I'm sitting.

"The easiest way to find a buyer should be to ask the company to connect you to some of their other shareholders. I imagine they are much more likely to take those shares off you than a random investor on the street. Otherwise, well, talk to people. At a golf club, maybe? :) Valuation is not going to be very straightforward. Basically you'll get whatever someone is willing to pay. That's what FMV means when there's no real ""market"". Realistically, the price is mainly going to be based on divididend history and the company's assets, discounted for risk and liquidity (you're currently feeling the reason for the latter discount)."


Question: Tax on insurance payment due to car deemed as total loss?

DJClayworth's response is generally correct. You wouldn't have to pay taxes on insurance benefits, since those are in fact bringing you whole to what you've lost. However, in some cases you do need to consider taxes. Specifically, if the insurance payout is higher than your cost basis in the lost property. While you may think that this never happens (why would the insurance company pay more than what it cost you?), it in fact quite frequently does. Specific example would be a car used in your business. If you used your car as part of your business and deducted car depreciation on your tax return - your cost basis was reduced by the depreciation. Getting a full car cost payout form insurance would in fact constitute taxable income to you for the difference between your cost basis (adjusted for the depreciation) and the payout. Another example would be collectibles. Say you bought a car 20 years ago at $5000, you maintained it well during the years (assume you spend another $5000 on repairs), and it is now insured at FMV of $50000. But, alas, it got destroyed by a mountain lion who climbed over the fence and pushed it over a cliff. You got a $50000 payout from your insurance company (because you insured it for full FMV coverage, as a collectible should be insured), of which $40000 will be taxable to you. There may be more specific cases where insurance payouts are (partially) taxable. However, as a general rule, they're not, as long as they're at or below your cost basis level.

Standard Deviation is a mathematical term that is useful in many areas. It can be considered a measure of how tight the data points are to the average. If there is consistency in the measurement system, then a point that is two standard from the average can be considered an outlier. It doesn't even need to be time based. We can say that a child born weighing less than X pounds is more than 2 standard deviations below the average.  Using it to look at a price or an index value doesn't make a lot of sense because many expect there to be long term growth. For example you would never say that you will buy a new jacket for your child when they are two standard deviations above their average height. You can say you will buy or sell a financial instrument when the P/E ratio is 2 standard deviations from some average. It could be the average of the long term history, or the index, or the sector. You could do the same thing for earnings per share or many other business of financial statistics. A standard deviation calculated from a time series assumes that the measurement will normally stay withing some bounds. And that straying from those bounds is a sign of the right time to buy or sell.

Does your friend have a preference? Why does he have that preference? Is his reasoning sound or can you make better suggestions.  That's all that matters in a Mac v. PC debate.  I'm assuming your friend is going into an undergraduate program. In which case he most likely won't touch any finance courses until his third year and even then they won't require macros or VBAs.  Companies that he interns at will provide computers (usually) and when he graduates he'll be shopping for another computer anyways.

Well, first off, if your children are NZ citizens, they can borrow money at 0% interest for tertiary education and I don't see any benefit to not taking free money. A saving account is your money, and will accrue a little bit of interest and you will pay tax on that. A family trust (I hope this is what you mean by trust fund) is a separate financial entity that can be set up to own assets for the benefit of multiple people. For example, if you have a rental property or business and you want the income divided between your children, rather than coming to you, or if you have a bach you want to keep in the family after you die.

I have just established a limited company (three directors spread around the UK) and I am in the process of setting up a business account. We will be able to arrange everything over the phone and each of us will have to appear in one of the branches with original documents: passport, bank statement. We are EU citizens and have UK bank accounts for over 5 years. That would probably be a problem for you. But still, you can try to call around and see if you can find a company to help you. You can also setup an account on one of the online currency exchange websites and then provide your customers with the website's bank account details with appropriate reference. You would have to check the legal side of this solution.

When you're selling something through a provider, like Craig's List or newspapers, the only thing that may limit your choices is the provider. They may refuse your post if it's against their rules or the law. But luckily they usually don't limit or enforce certain payment choices.  These private business providers have the right to do so if they want. You don't need to be their customer. They may state their terms for using the service and even refuse service (before any payment is made).  The fun part is that you may do so as well. Just remember to state your terms in your post so the prospective buyers are aware of them. I've found it best to put payment and delivery terms in separate lines so that they are easily noticeable, for example: Nice victorian handbasket with gold embroidery, only used once. Signed by the original author. Comes with a certificate of authenticity. No delivery, only cash payments.

Below are some of the differences between FedWire credit transfers and ACH credit transfers in the US. FedWire Same day clearing, which means the sender's account is debited and your account is credited on the same day Irrevocable.  Once a FedWire is sent, the originator/sender cannot send a reversing transaction.  This is a huge advantage of using FedWires because it mitigates risk of reversals. Cost.  FedWire typically cost more to send and to receive ACH Credit (aka Direct Deposit) Allows for Reversals.  Sender/originator does have the ability to perform reversals or correcting entries. Batch Processing  ACH entries are group together into batches and processed by Financial Institutions and the ACH Operators in batch mode. You can find additional information regarding ACH at http://www.achrulesonline.org/ and FedWire at http://www.frbservices.org/serviceofferings/fedwire/fedwire_funds_service.html

"I wasn't linking her performance to her gender, I don't think any of these CEO's are failing because they have a menstrual cycle, they are just making poor decisions.  It is impossible to ignore gender when we are constantly hearing about the ""Tech Gap"" and the puff stories about being a female CEO in a male dominated industry. It is entirely relevant."