Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Why are tech layoffs persisting despite industry success?
There's a few reasons, but the big reason is investors not seeing growth wanted other ways to improve profit margins. Arguably many companies were also over-staffed due to various moonshot projects, many of which were rolled back.
There’s a few reasons, but the big reason is investors not seeing growth wanted other ways to improve profit margins. Arguably many companies were also over-staffed due to various moonshot projects, many of which were rolled back.
See lessWhy buy a house if you don’t plan to pay it off?
When you sell the house, the money you get is used to pay off the rest of the loan. So if you buy a house for $400,000, pay off $100,000 and sell it again for $400,000, then you get $100,000(minus some closing costs) and you can use that towards another house. More importantly, houses tend to apprecRead more
When you sell the house, the money you get is used to pay off the rest of the loan. So if you buy a house for $400,000, pay off $100,000 and sell it again for $400,000, then you get $100,000(minus some closing costs) and you can use that towards another house. More importantly, houses tend to appreciate in value, so you might actually be selling the house for $500,000, in which case you get $200,000.
Compared to renting, where the money you pay just goes into someone else’s pocket, it’s usually a pretty good deal.
See lessWhat does buying/selling a house in same market mean? ELI5
If you sell your house when the market is down, you’re getting a bad deal. But if you buy a house when the market is down, you’re getting a good deal. So if you sell your house and buy another house at the same time, it balances out.
If you sell your house when the market is down, you’re getting a bad deal. But if you buy a house when the market is down, you’re getting a good deal. So if you sell your house and buy another house at the same time, it balances out.
See lessELI5: What Defines a “Good” Economy and Who Decides?
An economy is so complex, it's hard to say... and in almost any case, there will be those people/jobs/regions doing well and others not doing well. But in general, there are some key economic stats that are looked at: - GDP (gross domestic product) is the combined value of everything produced. We waRead more
An economy is so complex, it’s hard to say… and in almost any case, there will be those people/jobs/regions doing well and others not doing well. But in general, there are some key economic stats that are looked at:
– GDP (gross domestic product) is the combined value of everything produced. We want to see year-over-year growth in this. Two quarters of negative GDP growth means a recession.
– Unemployment rate is percentage of people working or looking for work who are employed. 5% unemployment is considered “full employment” as there are always people entering workforce, quitting jobs, etc. Currently, unemployment is around 4% meaning it’s hard for employers to find and hire enough workers.
– Stock market indexes like Dow Jones Industrial Average, NASDAQ, S&P500.
– Inflation rate. We want to see a little inflation, around 2%. Much higher and that can be bad.
See lessWhat happens when you file for bankruptcy? Eli5 terms
You work with an attorney to put together a list of what you own, how much you make at work, what your current expenses are like rent, or mortgage, utilities etc., what you owe and to who. You present this in a meeting with a bankruptcy trustee who interviews you and evaluates your situation. If youRead more
You work with an attorney to put together a list of what you own, how much you make at work, what your current expenses are like rent, or mortgage, utilities etc., what you owe and to who. You present this in a meeting with a bankruptcy trustee who interviews you and evaluates your situation. If you have any “liquid assets” ones that could be turned into cash the trustee can have those auctioned off to help pay your debts. Your creditors and collection agents are sent a notice that you have filed and they have to stop calling you. They contact the bankruptcy court to verify the debt. Your bank records are examined. If you paid any really large debts or sent money to uncle joe within the last 90 days the trustee can get those funds back to help pay creditors. The trustee can “discharge” (wipe away) unsecured debt like credit cards, medical debt, SOME utility bills… basically anything that’s not secured with an asset like a house or car, or isn’t child support or student loans. If you have extra cars or vehicles, more than you need to get to work, those may be sold off to pay creditors. If you owe significant back taxes, the trustee may set up a “plan” which involves garnishing your wages (up to 50% of your take home pay IIRC) for the next 3 to 5 years, where your employer pays a good chunk of each pay check to the bankruptcy court for distribution to your creditors. During this period your credit is crap b/c nobody can chase you down to collect an unpaid bill so you will not be able to open credit cards of any kind. Bills that have been discharged (wiped away) by the trustee become uncollectable. if any debt collector calls you, you tell them your bankruptcy case number and they will not call back. Now most people can keep their home and a car so they have a place to live and can get to work, but your life of over-spending and luxury are pretty much gone. After you emerge from bankruptcy (assuming you kept working, and finished the plan) you get a discharge notice. If you apply for a loan you will have to give the details and discharge notice to the lender. (They will see it on your credit report but keep your discharge notice in case they want proof you finished). Your credit score slowly returns to normal or at least better than it was when you were struggling to pay your debts before bankruptcy , and if you have half a brain you will be way more careful about budgeting and borrowing and stay out of debt b/c you can only file for bankruptcy every few years depending on the chapter (7,13 ..) and potentially other factors. Oh, and your lawyer gets paid out of the garnishment, that’s part of the plan, too, and lawyers aren’t cheap. Bankruptcies should be a last resort and they are not pleasant, but they can help you get on your feet again.
See lessWhat are HELOCs and how do they work? Explained Simply
First, you have to understand what home equity is. Home equity is the "value of the home" minus "the amount you owe in mortgage." So if your home is valued at $500K and you have a $400K mortgage your home equity is 500-400 or $100K. If you home is valued at $500K and you've been paying your mortgageRead more
First, you have to understand what home equity is.
Home equity is the “value of the home” minus “the amount you owe in mortgage.”
So if your home is valued at $500K and you have a $400K mortgage your home equity is 500-400 or $100K.
If you home is valued at $500K and you’ve been paying your mortgage for years and only have $75K left to pay, then your home equity is 500-75 or $425K.
Got that? Okay, so now that you have equity in your home, you can use that equity as collateral. There’s two ways to do that:
A Home Equity Loan (also known as a “second mortgage”) is where you use the equity in your home as collateral to take out *another* mortage loan. Banks usually only provide a loan for a portion of the equity, so if you have, say, a $500K home with a $400K mortgage — meaning you have $100K in equity — you might be able to get a home equity loan for $50K. You take out the loan, the bank gives you a lump payment of $50K, and then you can use that cash for whatever you want … but you now still owe the $400K of your first mortgage and you now *also* have to pay back the $50K home equity loan.
A Home Equity Line of Credit (HELOC) is similar, but instead of a loan you can think of it like a credit card with your equity as collateral. (Almost literally. Sometimes a HELOC comes with a Visa card attached to the HELOC.) You have a credit limit determined by your equity (so, same example as above, your HELOC credit limit might be $50K), but instead of getting a chunk of $50K cash up front like you do with a loan, you can use that $50K line of credit like a credit card, and spend what you need when you need it. You’ll still have to pay it back, of course, but — just like if you have a credit card you don’t use, you don’t have a monthly credit card bill — if you don’t *use* the HELOC, then you don’t have anything to pay back.
Home equity loans are usually better if you need a big chunk of cash immediately for something like a home renovation or to pay a big medical bill.
A HELOC is useful to have as an “emergency back-up” of sorts. E.g. if you wreck your car and don’t have the cash on hand to buy a new one, you might use the HELOC to buy that sexy 2014 Kia Soul you were eyeing.
See lessAre drug smugglers indebted to cartels when caught by US Law Enforcement?
People are terrified of cartels, and it’s not because they forgive a lot of debts. That being said, in many cases the cartels were paid in full for the meth by the smugglers, so it’s the smugglers that assume the financial and legal risk when they try to bring it across the border.
People are terrified of cartels, and it’s not because they forgive a lot of debts. That being said, in many cases the cartels were paid in full for the meth by the smugglers, so it’s the smugglers that assume the financial and legal risk when they try to bring it across the border.
See lessHow do criminal organizations discreetly pay employees and purchase property without detection?
Washing money. They wash their money, that’s how they do it. They make their illegitimate money into legitimate money. Service businesses are great for that. You know that laundry mat that’s never busy? Well somehow that owner took in a ton of business from their machines, paid taxes on it, and nowRead more
Washing money.
They wash their money, that’s how they do it.
They make their illegitimate money into legitimate money. Service businesses are great for that.
You know that laundry mat that’s never busy? Well somehow that owner took in a ton of business from their machines, paid taxes on it, and now it’s legitimate money. They have people who do this and make the money look good.
There’s a million other ways to launder money, but a laundry mat can be one of them.
That catering business? Well they bought a ton of product (they actually didn’t buy anything) and took care of a huge party for someone. (The party never happened) and made tons of money from it.
See lessHow can student loan debt be “cancelled”? Understanding the process.
The federal government lent a whole bunch of low interest money to people to go to school through a variety of different programs all connected to FAFSA. The government owns the debt, so it can just say "What this debt? Nah, you dont have to pay it back, its all good bro."
The federal government lent a whole bunch of low interest money to people to go to school through a variety of different programs all connected to FAFSA.
The government owns the debt, so it can just say “What this debt? Nah, you dont have to pay it back, its all good bro.”
See lessNeed help understanding vesting period and its purpose?
“If you come work for us, we’ll give you 10,000 shares of our stock. BUT you have to wait as the shares are slowly delivered to you. If you leave before it’s done, you don’t get the leftovers.” That waiting time is your vesting period.
“If you come work for us, we’ll give you 10,000 shares of our stock. BUT you have to wait as the shares are slowly delivered to you. If you leave before it’s done, you don’t get the leftovers.”
That waiting time is your vesting period.
See lessLooking to understand Roth IRA? How does it function?
Regular IRA: * You get paid by your employer * Before taxes get taken out, you put $1000 in your IRA * It turns into $10000 over time * When you retire, you take out $2500 * The money you take out counts as taxable income Roth IRA: * You get paid by your employer * After taxes get taken out, you putRead more
Regular IRA:
* You get paid by your employer
* Before taxes get taken out, you put $1000 in your IRA
* It turns into $10000 over time
* When you retire, you take out $2500
* The money you take out counts as taxable income
Roth IRA:
* You get paid by your employer
See less* After taxes get taken out, you put $800 in your Roth IRA
* It turns into $8000 over time
* When you retire, you take out $2500
* The money you take out doesn’t count as taxable income
Can someone explain mortgage “resigning” like I’m 5? Difference between renewing & resigning?
They could be Canadian, in which case unlike American mortgages which allow you to lock your rate for the entire duration of the loan, Canadian mortgages are typically ARM style, where the rates are readjusted every 5 years
They could be Canadian, in which case unlike American mortgages which allow you to lock your rate for the entire duration of the loan, Canadian mortgages are typically ARM style, where the rates are readjusted every 5 years
See lessWhy do low budget stations use lower frequency for radio broadcasting?
The 88.1 - 91.9 frequency range is reserved for non-commercial radio stations in the US. These are usually low powered stations that are self funded, and the main entities willing to self fund such a station are religious in nature. The 92.X frequency band is available for commercial radio stationsRead more
The 88.1 – 91.9 frequency range is reserved for non-commercial radio stations in the US. These are usually low powered stations that are self funded, and the main entities willing to self fund such a station are religious in nature. The 92.X frequency band is available for commercial radio stations but can act as an overflow when there are too many non-commercial stations in an area to fit in the 88.1 – 91.9 band.
See lessHow do people in high inflation countries buy houses and cars with fluctuating prices?
One way to do it, has been to make the purchase in another currency, a very stable one, such as USD or Euros. In many counties experiencing monetary issues there is a significant grey market that arises for trade being done in other currencies for purchases. Sometimes this is just arising naturallyRead more
One way to do it, has been to make the purchase in another currency, a very stable one, such as USD or Euros. In many counties experiencing monetary issues there is a significant grey market that arises for trade being done in other currencies for purchases. Sometimes this is just arising naturally other times the govt may directly allow it or just accept that it’s how things are getting done.
See lessHow is the price of an object determined?
Supply and demand, my friend. If more people want it and fewer have it, price goes up. If not, down it goes. It's like trading cookies at lunchtime.
Supply and demand, my friend. If more people want it and fewer have it, price goes up. If not, down it goes. It’s like trading cookies at lunchtime.
See lessCan VC firms profit from startups that stay private and small but profitable? What’s the strategy when IPO or acquisition isn’t an option?
First they can pay dividends to their owners, one of which would be the VC company. This only lasts so long though. But most likely, they will find a way to sell their shares--some way to do it, whatever they need to do to get out. This may be to another investment firm, or private investor, or evenRead more
First they can pay dividends to their owners, one of which would be the VC company. This only lasts so long though.
But most likely, they will find a way to sell their shares–some way to do it, whatever they need to do to get out. This may be to another investment firm, or private investor, or even they may sell it back to the company itself, or perhaps other owners of the company want to acquire their shares for any reason. Maybe one owner has 40% of shares and the VC has 15%, thats a mighty juicy buy for someone become majority owner.
Sometimes VCs have triggers than can force the company to buy back their shares, but I don’t know how common that is.
See less