Domain: wsj.com
Stories and comments across the archive that link to wsj.com.
Comments · 3,663
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Boards Need To Be Torn Down
http://www.wsj.com/articles/ce...
There needs to be new rules regarding boards of directors. For one thing, serving on multiple boards needs to stop. These people tend to be captive to CEOs anyway, and get their positions for that reason. That's how we got to a situation where the top-paid CEOs are not the top performing CEOs. Make a law that you can only serve on one board at a time.
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Re:Bullshit
There's a great Salon article
Now that I find hard to believe. All magazines have their "heroes and villains" however Salon hates white people first and men second, with the ever popular punching bag of white males as the top of the villain hierarchy. Not unlike a melodrama where the boo and hiss whenever the "bad guy" comes on screen. Salon is the magazine for people who at best are passive aggressive against white people and at worst just about ready for white only concentration camps. Along the same lines, at best passive aggressive against men and at worst ready to lock them all up. I have no doubt that the $.78 is a myth. However you need to find a better source. Here's a couple to help out: http://time.com/3222543/5-femi... http://www.wsj.com/articles/th... http://www.washingtonexaminer.... Google "gender pay gap myth" and you can find dozens more. Heck, I'd love to see a study that included the child support that the average woman gets as most seem to. That subsidy ought to put them over the top since it's tax free.
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Re:Spoofing
No it isn't how HFT make money. HFT have the same restrictions about spoofing, they make their money by simply being in a position to react to changes in the market much faster (think Milliseconds) than the rest of the market.
Milliseconds? Where are you? 1995? In a millisecond light travels 186 miles. Those high frequency traders rely on their trading systems being co-located in the same data center as the exchange systems (for which the exchange gets big bucks in rent). Every foot of distance adds a nanosecond to the trading time delay. They could save considerable money siting their trading computers half a mile away, but that would add 2.5 microseconds to the trade add knock them out of the running entirely. Those guys are playing against other high speed traders and the advantage they are seeking is measured in nanoseconds.
Since the exchanges make the rules (legal restrictions are far more lax) they are in the game of authorizing cheating, and collecting a cut of the take.
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Re:Fiduciary sense?
You mean like this
Ivanpah Solar Plant May Be Forced to Shut Down
http://www.wsj.com/articles/iv...
if you don't subscribe
https://archive.is/nbsNDPower from the two Ivanpah units that serve PG&E last year fetched about $200 a megawatt-hour on average during summer months, and about $135 a megawatt-hour on average the rest of the year, according to sales data from the Federal Energy Regulatory Commission.
That compares to an average price of $57 a megawatt-hour for solar power sold under contracts signed in 2015, according to Bloomberg New Energy Finance. Power from natural-gas plants went for $35 a megawatt-hour on average in California’s wholesale market last year, according to a Wall Street Journal analysis of data compiled by the Energy Department. -
Re:Slashdot continues to spiral towards bankruptcy
97% Horseshit - http://on.wsj.com/1PrLojc
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Re:So soon after the arrest of the Paris suspectPerhaps there's some middle ground between black helicopters and, say, a staged and filmed arrest.
This guy was talking and the press was reporting his cooperation.
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Re:Seems an inefficient way to fix poverty and roa
I sort of agree.
Honestly, we already pay gasoline taxes that are supposed to go to the building and maintenance of roads.
Only, the wall street journal (paywalled) says that states are instead using that stable, guaranteed income to pay for other things like debt.
40% of federal fuel taxes [1] go to things other than roads as well.I'm all for top earners paying more taxes, as we honestly don't need a nobility with more money than small countries, but I'm not sure that income makes sense to put into roads.
I'd rather fuel taxes actually went to road building and maintenance like it's supposed to...
Having increased high earner income tax fund social and work programs aimed at poverty does make sense though. If politicians would actually do it and not funnel it elsewhere.
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Re:No Deductions
I suppose if you reduce the entire US Economy to a Keg Party, you might be right. Alas, it's not.
But staying with the analogy, some would suggest you stop spending the money collected for beer on stupid party hats and actually spend it on fucking beer. Others would suggest that you pay for the beer you drink. Yet others would say there's enough beer and that BTW, stop buying that premium shit.
The bottom line is that these people want the government to spend even more money than the $3 trillion it collects in taxes and the $1 trillion it borrows because that fall in line with their political agenda.
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Re:"the source, who declined to be named"
If Uber's interest in self-driving vehicles is so tangential, why are they investing so heavily in them? http://www.wsj.com/articles/is-uber-a-friend-or-foe-of-carnegie-mellon-in-robotics-1433084582
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Re:I saw this coming
powered by Google's self driving software.
Powered by their own software:
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Everyone saw this coming
Who didn't see this coming? Did people honestly think their business plan was to hire random people to drive their own cars? Right now that's the cheapest way to collect data. A year ago they went in and poached Carnegie Mellon's Robotics department (Those guys behind the Red Humvees in the DARPA autonomous vehicle project).
Taking vacation in Florida I can't wait for a self driving future over the current crop of aging drivers. Grandma doesn't need to own, maintain or anything a car. She just uses the Amazon Echo-ish device to order a car to take her to the store and home.
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Re:Stay out of high noise areas maybe?
I think the question of nuking Japan is open and shut in favour of the nuking. A conventional invasion of Japan would have been a horrific bloodbath with millions of deaths. The nuke saved lives on both sides... even with all the Japanese killed, it would have been worse with conventional war.
The first nuke was an oh-shit-what-the-hell-is-that event and the second one was proof that it wasn't some freak occurrence but something that America could do over and over. Two were the minimum required. Between them they finally convinced Japan that surrender was its best option.
And by the way before the nukes were dropped, leaflets were dropped telling people to get out of the target cities. (It would have been suicide to identify the specific targets of the bombs, so other cities were listed as well.) Sure the leaflets were propaganda but they also were as much of a humane warning as it was possible to give.
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Slowdown? Wha Slowdown?!
For those of you who don't read The Wall Street Journal in the morning, companies are hiring in San Francisco.
More companies in San Francisco plan to add new jobs in the next six months than in the last half year, according to a new report, bucking concerns about a tech slowdown and its impact on the region's economy.
http://blogs.wsj.com/digits/2016/03/17/what-slowdown-san-francisco-execs-plan-more-new-hiring/
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Re:Huh?
Given that they went in and poached Carnegie Mellon's entire robotics department, that's exactly what they're doing.
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Re:Can't be allowed to be black boxes
> The government couldn't get someone like Al Capone for mob activity or running illegal alcohol. They had to be creative in how they got at him.
Which is also BS. We want to convict you on something, so we will go through the lawbooks until we find something to convict you of.
Also, don't forget "ignorance of the law is no excuse."
"Show me the man, and I'll show you the crime"
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Re:Why is it an overstep
But, the Great Recession occurred after Bush's time in office [...]
The Great Recession ended five months into Obama's first term in June 2009, when his administration was still getting started and supporting George W.'s policies. The Great Recession got started in 2007, not on January 20, 2009 as some people believe.
[...] so you could blame Obama with the same reasoning you are using to blame Bush [...]
I give Obama credit for a seven-year-old Wall Street bull market.
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Re:Why is it an overstep
On the couch eating popcorn and giant amounts of Coca-cola, watching Trump eat your country by the fringes?
Donald Trump doesn't have the numbers to win the election, especially if he's getting less than 50% of the Republican votes. Something that Karl Rove pointed out in an Wall Street Journal op-ed this morning.
http://www.wsj.com/articles/the-polls-trump-hasnt-won-1457566355
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Re:She lived longer than most poor voters...
No, you "f'ing moron", the reported deficit is NOT the change in the debt every year. The reported deficit is for the ON-BUDGET items only, not all items. For example, the 2014 budget deficit was reported as $483 billion. Yet if you look at the debt added, it was nearly $1.1 trillion.
I guess if you want to swallow what the Government is peddling, be my guest. But in any rational, thinking mind - adding $1.1 trillion in debt does not equate to only a $483 billion deficit. Those two numbers are not equal. Go ahead, continue to be the "f'ing moron" and take what your Federal leadership tries to sell you...
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Re:finally some sanity!
I think it might be this link. I don't have my WSJ login at work to verify.
http://blogs.wsj.com/totalreturn/2014/09/03/wealth-adviser-serving-the-merely-affluent/
Here's an alternative story in the NY Times that defines the merely affluent as between $114,000 and $394,000, and the affluent as greater than $394,000.
http://opinionator.blogs.nytimes.com/2013/11/09/the-21st-century-silver-spoon/
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Re:What is the point of the Windows Store?Problem with platforms is, sometimes they explode or catch on fire. As someone famously said:
“There is a pertinent story about a man who was working on an oil platform in the North Sea. He woke up one night from a loud explosion, which suddenly set his entire oil platform on fire. In mere moments, he was surrounded by flames. Through the smoke and heat, he barely made his way out of the chaos to the platform’s edge. When he looked down over the edge, all he could see were the dark, cold, foreboding Atlantic waters.
As the fire approached him, the man had mere seconds to react. He could stand on the platform, and inevitably be consumed by the burning flames. Or, he could plunge 30 meters in to the freezing waters. The man was standing upon a “burning platform,” and he needed to make a choice.
He decided to jump. It was unexpected. In ordinary circumstances, the man would never consider plunging into icy waters. But these were not ordinary times – his platform was on fire. The man survived the fall and the waters. After he was rescued, he noted that a “burning platform” caused a radical change in his behaviour."
We too, are standing on a “burning platform,” and we must decide how we are going to change our behaviour."
[1]
Thank you, Mr Elop!
Why do people want to switch to the Unified Windows Platform again? This platform may not explode, software can be left unsupported, deprecated, or superseded. For similar examples from Microsoft, see Stacker/Doublespace, Zune, PlaysForSure, Windows CE, Windows Java (and/or J#), and the WinPhone 7 to 8 transition.
[1] Wall Street Journal paywall/limited access. -
Re:Quadcopter enthusiasts want quadcopters elimina
It's documented.
https://www.youtube.com/watch?...
http://www.pastemagazine.com/a...
Others.
http://graphics.wsj.com/faa-dr...It's just a matter of time before someone gets killed. We had to adjust the attitude of an individual near my airport about two years ago. He felt he had the right to fly his copter in the air pattern for the airport. Well he hasn't been back.
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Re: Then why get a console?
> It's like the difference between people that use PCs and Apples not-PCs.
> Simple folks go for the shiny walled-garden of Apple. People that do more than Facebook and cat videos get a PC.[[citation]]
Gee, why does Facebook have more Macs then Windows boxes??
* http://blogs.wsj.com/cio/2015/...In most companies, the number of computers running Windows vastly outnumbers those running the Mac operating system. At Facebook, though, that paradigm is flipped. The company has 16,000 Mac laptops and a much smaller number of Windows machines.
Quit trolling and stop being a Microsoft shill. People use Fazebook on Desktop and Mobile --- the OS is irrelevant: Android, iOS, Windows and OSX.
Considering only 47% of Fecesbook users use only mobile, that leaves 53% are using it on the desktop. It is highly improbable 100% of those 53% desktop users are using Winblows.
* http://expandedramblings.com/i...But keep talking out of your ass, and let's ignore the facts that:
1. Everything you can do on a Windows Box you can do on an MacBook Pro (aside from the odd proprietary app/game that is Windows specific.)
2. You *do* know you can run Linux on a MacBook Pro, right?
I do game dev on **all three**: Windows, OSX, and Linux. WRT dev tools Visual Studio and XCode are both slow and bloated. The nice thing about OSX is that I can compile with Clang **and** GCC which makes writing OSX / Linux code significantly easer then MSVC's broken C99 support.
After ~25 years of using Windows I'll say Windows blows compared to OSX. OSX sucks _too_, but I find it to be far more consistent. If I could pick only one OS, I'd take OSX with VMWare to run Windows 7 + Linux to get **all 3.**
Pro-Tip: If you want astroturf at least have more then _zero_ facts to back them up because otherwise all that does is make you look like an idiot compared to people who do _actual_ work across a multitude of platforms.
--
Microsoft's attitude of the control panel: Constantly fuck with it (almost) every version and re-name / re-arrange everything
Apple's attitude of System Preferences: Gets it right the first time and leave it alone. -
Re:The Angry Mob
The top 20%tile are paying 90% of the taxes,
Even if that's true, what it means is that the plebes aren't being paid enough to pay taxes. If the richest among us want us to pay more of the taxes, they can pay us more wages.
It's paywalled but you can read the headline and first few lines. http://www.wsj.com/articles/to... Top 20% pay 84% of all taxes and bottom 20% not only DON'T pay taxes but actually get PAID by the IRS. We've had socialist redistribution of wealth in the USA for many years.
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Re: What's the market?
I would love for you to back that up - after privatisation, British Airways increased the ticket price, still filled the aircraft (until post 9/11) and made a profit doing so.
From a WSJ article in 2003:
"It was a tough decision to make emotionally but the right decision from a business perspective," said Rod Eddington, chief executive of British Airways.
British Airways has never given figures on Concorde's profitability, but Mr. Eddington said it had been profitable until last year. During the past year, corporate travel on Concorde has declined "massively" as investment banks and other once-heavy users "have been writing Concorde out of their travel plans," he said.
I have never seen any evidence of subsidisation of Concorde post-privatisation.
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Re:Fatties
Why not? You can already pay more for leg room if you want to. It's just called first class. Also they already limit the weight of luggage that can be brought on or charge you extra for taking more luggage.
There have already been some airlines considering or implementing ticket prices based on weight since it adds to fuel costs, which are a moderate portion of the flight's expenses. Just give everyone a base rate of weight between their person or luggage and adjust the cost based on the actual total weight.
I don't really see the can of worms here. -
Re:useless, completely useless
Plumbing and welding jobs will go to illegal immigrants.
The illegal immigrants have gone home and probably won't come back. Many schools send students straight to college without ever offering a look at the skilled trades.
Most IT jobs will go offshore. The IT jobs that cannot be offshored will go to visa workers.
That will change in the next 20 years as baby boomers retire, the US workforce (tax base) shrinks, and immigrants stay home to enjoy a middle class lifestyle without leaving the country.
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Re:Torn
In a perfect world maybe, but you're not considering the real world where few lives will be saved, but the vulnerability will be abused constantly.
Especially since they immediately demanded to violate those rights 12 additional times in order to break the encryption of 12 more iPhones -- none of which had anything to do with the bogyman of the week, terrorism.
This has nothing to do with fighting terrorism or protecting Americans. The FBI decided us using our right to privacy was making their jobs annoyingly difficult, so our right to privacy, in this situation, simply has to go.
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Re: Torn
I appreciate someone who takes the big picture view and I wish more people were. That said, there are a few points I think are worth adding.
You can be compelled to provide a fingerprint under the current legal system in the US.
(I looked for a better legal reference, but this is a summary http://blogs.wsj.com/digits/20...)Technically what you know might be called a key, but it's clearer to refer to it as a password or passcode because it is a small piece of information used to decrypt a large key. The large key is a randomly generated string of characters that is held in memory by the phone after the passcode is entered. That real key is used to decrypt the information on the device directly, while the password or passcode is used to decrypt the key. That's important because backdoors are usually considered to be ways of sharing the key with someone rather than the password and because the key is not something most software, like phone software, makes visible to the user. When you change your password or passcode, the phone doesn't get re-encrypted which would take a long time, just the key gets re-encrypted.
It is also worth noting that the 5th amendment doesn't protect you from having to provide what you know to the government; it only protects you from self incrimination. You can be forced to testify against your desire in cases where your testimony doesn't incriminate you. This is an important distinction to make since it prevents people from testifying against friends or people who share your viewpoint when you haven't done anything wrong but might sympathize with them. (Citation: Matlock)
If Apple had the key, they could be compelled to share it with the government. If they don't then they can't. What Apple could create is software that the phone would load without needing a password which would make the process of guessing the passcode easier and not result in a loss of the keys due to incorrect guesses. That's why Apple is focusing on not wanting to create hacking software rather than saying they refuse to provide information they already have.
What many in politics want is for Apple to keep a copy of the actual keys for each phone they sell and turn those keys over to law enforcement. Apple doesn't want to keep the keys, let alone be required to build a system that shares them, but if Apple wins this case, you can expect that will be the next demand.
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Re:Theatre?
"Justice Department Seeks to Force Apple to Extract Data From About 12 Other iPhones" (Feb. 23, 2016)
"Apple embroiled in phone court fights beyond San Bernardino; cases don’t involve terrorism charges, sources say"
http://www.wsj.com/article_ema...
Also the service providers have a lot of details and so do all the other gov linked workers on gov issued platforms.
The end product been requested is a new backdoor operating system. Once the US federal gov gets this, so will Canada, Australia, the UK, NZ. Then third party "friends" of the US gov/mil in the EU, all their staff, contractors and gov workers. The keys to a generation of devices will be requested around the world and govs will use the new OS for any reason they want. So will ex and former staff, contractors who got cleared for the same work but then moved to the "private" sector working for anyone with cash.
Every phone of that generation will need a "Charlie is listening" sticker as any random gov or ex gov worker around the world will have the backdoor keys over time.
Once US smartphones get the court ordered access, so will every other US designed networked device. Spying on citizens will be designed into every US device legally and for anyone else with the cash to access. -
Re:Baidu is relentless
So who wrote the spider? Baidu or 3PLA?
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Re:Makes sense, but how would it be enforced?
A couple of sources describe this:
http://www.wsj.com/articles/SB...
http://www.thenatureofcities.c...
http://www.bloomberg.com/bw/ar...They're going to leave some of the farmers in place, but the goal is to have 60% or more of the population living in cities by 2020. Just like the US has less than 2% of the population doing agriculture, China seems like it wants to start down that road and build a consumer class. When you're able to do top-down stuff like this with zero debate, massive projects like this are possible.
I think it's a little different from the Cultural Revolution or similar movements, because you're not sending city dwellers and intellectuals "down to the countryside" with no training in how to farm. You're sending underserved, poor peasants to cities in the hope that they're going to get non-farming jobs and stoke domestic demand, or at least be easier to provide services to in an urban setting. So, at least this experiment will probably not end up with a massive famine.
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Except he already decided NOT to submit the bill
Ars might want to update its rewrite of the WSJ story. Burr isn't submitting the bill. http://www.wsj.com/articles/se...
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Re:Technology Paradox
I can have a pretty good life in San Antonio making 50 +
I make a good life in Silicon Valley on $50,000 per year. But some people consider me "poor" because I'm not competing with them for outward wealth. I read an article in the Wall Street Journal this morning that neighbors of a lottery jackpot winner are more likely to go bankrupt because they're going into debt to keep up outward appearances.
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Re:Less Obama
Stop comparing GDP to spending. The USA isn't a communist nation and therefore the GDP has no basis on government spending.
Go tell it to NATO. (Really, you can't do the conversion / math?)
Just Five of 28 NATO Members Meet Defense Spending Goal, Report Says
Only Poland this year joined the four other countries, out of 28 total NATO members, that are meeting the alliance’s goal of spending 2% of their gross domestic product on defense. The other four are the U.S., Great Britain, Greece and Estonia.
Defence Expenditures of NATO Countries (2008-2015)
One other thing - national defense is a Constitutional responsibility of the US Federal Government. And that other stuff
....?? Allowed, but not required. -
Re:So?
There are irate posters on both sides. Scientists, those that continue to review the evidence and not assume they are correct when an association has not satisfied all criteria for proof of causation, would note that California had 200 year long droughts when Heidelberg first started as a university, long before the industrial revolution or little ice age. Then the weather/climate would rapidly shift.
Climate science is far from settled. Most of the peer-reviewed papers are cautious in their conclusions. Most of the journalists that misreport and misunderstand the conclusions in the abstracts resort to calling people religious terms like 'deniers.'
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Re:Great news!
I can't exchange BitCoin for a real house either.
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Re:Who were the peer reviewers?
If only we could get some decent peer review. Maybe it was different back then?
http://www.ncbi.nlm.nih.gov/pm...
http://www.economist.com/news/...
http://www.wsj.com/articles/ha...
http://retractionwatch.com/201...
http://www.columbia.edu/cu/21s...
https://www.theguardian.com/sc... -
Re:Boycott Hertz.
Hertz is already doing pretty bad. Uber and Lyft are a huge problem for the rental car companies. And Hertz in particular has accounting irregularities. They're going to have to redo the last 5 years of their financials.
Their only saving grace is that car rental has become an oligopoly. The Obama Administration allowed Avis to merge with Budget and Hertz to merge with Dollar/Thrifty. Avis also bought Zipcar. The other company in the 3-way oligopoly is Enterprise/National. Car rental pricing has been artificially high with less competition.
Uber and Lyft, and the entrance of some smaller competitors (because the car rental business has low barriers to entry -- really, how hard is it to rent cars?) are starting to bring rates down again.
Rather than simply boycotting Hertz, I suggest using a service like Hotwire. Wait until the day before you need to rent a car and then go to Hotwire. Rental companies can either rent you one of their cars for cheap or leave it sitting on their lot earning them nothing. If there are no good deals (because of high demand or because the local city has a high tax on car rentals) just use Uber or Lyft.
If your company has an exclusive deal with Avis or Hertz for business travelers, your company is overpaying, probably by a very large amount. Do some price comparisons with Hotwire and email them to the decision makers. That would be the worst thing for Hertz.
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Re:Migrants
When they leave here, the job stays here for someone else to take.
The Wall Street Journal had an article on how the illegal migrants disappeared after Arizona passed tough laws. Only 10% of the job openings were filled by American citizens or legal migrants. The remaining job openings went unfulfilled due to the labor shortage.
http://www.wsj.com/articles/the-thorny-economics-of-illegal-immigration-1454984443
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Re:Advisors?
I don't understand why the term financial advisor is used when they are just salesmen. What advice do they provide other than, "you should definitely buy our products", or maybe, "I would advise you against closing your account with us"?
There is more to it than that.
How to Choose a Financial Planner
Look for a financial adviser who is a certified financial planner (CFP). They're licensed and regulated, plus take mandatory classes on different aspects of financial planning. . . . Financial planners advise clients on how best to save, invest, and grow their money. They can help you tackle a specific financial goal—such as readying yourself to buy a house—or give you a macro view of your money and the interplay of your various assets. Some specialize in retirement or estate planning, while some others consult on a range of financial matters.
Don’t confuse planners with stockbrokers — the market mavens people call to trade stocks. Financial planners also differ from accountants who can help you lower your tax bill, insurance agents who might lure you in with complicated life insurance policies, or the person at your local Fidelity office urging you to buy mutual funds.
Anyone can hang out a shingle as a financial planner, but that doesn’t make that person an expert. They may tack on an alphabet soup of letters after their names, but CFP (short for certified financial planner) is the most significant credential. A CFP has passed a rigorous test administered by the Certified Financial Planner Board of Standards about the specifics of personal finance. CFPs must also commit to continuing education on financial matters and ethics classes to maintain their designation. The CFP credential is a good sign that a prospective planner will give sound financial advice. Still, even those who pass the exam may come up short on skills and credibility. As with all things pertaining to your money, be meticulous in choosing the right planner. . . .
A growing number of financial planners make money only when you pay them a fee for their counsel. These independent financial planners don’t get a cut from life insurers or fund companies. You might pay them a flat fee, such as $1,500, for a financial plan. Or you could pay an annual fee, often 1% of all the assets—investment, retirement, college-savings and other accounts—they’re minding for you. Others charge by the hour, like lawyers. . . . more
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Re:Advisors?
I don't understand why the term financial advisor is used when they are just salesmen. What advice do they provide other than, "you should definitely buy our products", or maybe, "I would advise you against closing your account with us"?
There is more to it than that.
How to Choose a Financial Planner
Look for a financial adviser who is a certified financial planner (CFP). They're licensed and regulated, plus take mandatory classes on different aspects of financial planning. . . . Financial planners advise clients on how best to save, invest, and grow their money. They can help you tackle a specific financial goal—such as readying yourself to buy a house—or give you a macro view of your money and the interplay of your various assets. Some specialize in retirement or estate planning, while some others consult on a range of financial matters.
Don’t confuse planners with stockbrokers — the market mavens people call to trade stocks. Financial planners also differ from accountants who can help you lower your tax bill, insurance agents who might lure you in with complicated life insurance policies, or the person at your local Fidelity office urging you to buy mutual funds.
Anyone can hang out a shingle as a financial planner, but that doesn’t make that person an expert. They may tack on an alphabet soup of letters after their names, but CFP (short for certified financial planner) is the most significant credential. A CFP has passed a rigorous test administered by the Certified Financial Planner Board of Standards about the specifics of personal finance. CFPs must also commit to continuing education on financial matters and ethics classes to maintain their designation. The CFP credential is a good sign that a prospective planner will give sound financial advice. Still, even those who pass the exam may come up short on skills and credibility. As with all things pertaining to your money, be meticulous in choosing the right planner. . . .
A growing number of financial planners make money only when you pay them a fee for their counsel. These independent financial planners don’t get a cut from life insurers or fund companies. You might pay them a flat fee, such as $1,500, for a financial plan. Or you could pay an annual fee, often 1% of all the assets—investment, retirement, college-savings and other accounts—they’re minding for you. Others charge by the hour, like lawyers. . . . more
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Good thinking!
That's a great idea. Not surprisingly your plan is shared by other brilliant folks, such as Venezuela's new economy czar Luis Salas. He has pointed out that "inflation does not exist." Specifically, the traditional Western economic model that claims printing money devalues currency is bogus and all price increases are merely the result of the parasitic businesses seeking excessive profits. Therefore government should do as you say and print whatever funds they require while diligently preventing greedy speculators from raising prices.
And it's a good thing, too. Prior do Luis Salas's incredible insights Venezuela's fortunes were looking pretty bleak. Doubtless his printing presses will be able to turn all of that around and the rest of the world will be thrilled to restock PDVAL's shelves in exchange for beautiful new bolivars. Why, only yesterday we learned that Luis is importing newly printed cash by the planeload to implement this strategy.
So thankfully your thinking has been adopted in the nick of time and saved Venezuela from collapse. Good work.
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Re:A hundred million?
I've tried watching it...and BOOOORING.
Just back and forth, hardly any scoring, no serious risk of someone getting a concussion or something broken....
Yeh the back and forth of soccer is pretty boring - except when compared against the 11 minutes of actual gameplay in your typical three hour American football match.
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Re:Twitter shouldn't be shutting anyone down..
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Re:C'mon headline writers - wake up!
Looks like Xerox is splitting from ACS:
http://blogs.wsj.com/moneybeat...
That was a gamble to try and get into business services.
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Re:Costs can be lowered
Pretty much what India said.
And then did.
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Re:Tinkering
The entire scientific publishing industry would disappear without your massive overload of papers too.
Nah... That's not a massive overload of papers, it's just that the author lists now take more space than the content.
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GDP Grew 6.9% in 2015
Yeah, China is in recession if words don't mean what they mean. http://www.wsj.com/articles/as...
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Re:Not very
Russia and China already has that capability to take down the entire US power grid.
What would a successful EMP attack look like? The EMP Commission, in 2008, estimated that within 12 months of a nationwide blackout, up to 90% of the U.S. population could possibly perish from starvation, disease and societal breakdown.
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Re:Located In Naples
Exactly. There seems to be more than a coincidence here http://www.wsj.com/articles/it... The choice of Naples is what strikes me.