Hey /biz/, I got a question about phantom shares.
So, a company I used to work for gave me 500 phantom shares as a bonus one Christmas. About 6 months later, the company got bought out and I got laid off. They sent out an email saying that the company that bought them out would be paying them a lump sum payment every month for the next three years, plus royalties every quarter for the next four years. They also said that once all the debts of the company I worked for were paid off, distributions to employees in the phantom share plan would begin. They estimated that even with no royalties being paid to the company, they would have the debt paid off after about 18 months.
Well, it's been over 18 months now, and I hadn't heard anything since I got laid off, so I decided to call up the company that bought us out and figure out what's happening with the phantom share plan. After talking with someone there, I learned that the company that bought us out hasn't been making a profit off the products we made, so they stopped sending payments to the company I worked for. Now, maybe he meant the royalties and not the lump sum payment, but all I know is that it's been about 20 months since I got laid off and that's the only news I've heard from anyone since then.
So my question is: can they actually do that? I mean, they bought the company out, they have to at least pay the lump sum, don't they? My old company gave me an email address to send to in case I moved, and I emailed them about a year ago when I did, but I haven't heard anything out of that either. Not even a confirmation that they got my change of address. Would there be anyone I could get in contact with to figure out exactly what's going on? Am I just screwed?
Has anyone else ever been in a similar situation?
>>1098718
you could try filing a lawsuit
This is why phantom shares are basically a joke.
Anyway, do you have any paperwork showing this phantom share plan? Any emails backing up what you are saying?
I would talk to a lawyer.
How much money are we talking here anyway?
So i've recently started a new job and have started looking at investing, however, I've learned something that has me worried.
As we all know, Canada is in the midst of a massive housing bubble. Furthermore, a few years ago, bank 'bail-in' laws were enacted. Now, we have the CDIC which will insures your deposits up to $100,000.
However, as they point out here,
http://www.cdic.ca/en/about-di/what-we-cover/Pages/default.aspx
investments such as stocks, bonds, mutual funds, etc are NOT covered.
So basically, if I invest and the housing bubble pops, all my investments will be pillaged by the banks.
What are the chances of this happening? Should I just stay in cash (and/or gold and cryptomemes)? Could I invest and just try to liquidate all my holdings into cash if I felt a crash coming?
Any advice /biz/?
>>1098622
Put all your shit on Deutsche Bank and expect 'em to grow under the German flag and EU Bank safe
>>1098622
I've considered investing and/or buying a house and looking at the markets it looks like a recession and massive bubble pops are going to be no later than 2018.
I can move anywhere I want after I finish up college this year. It's about time for me to start thinking about places to move. I only have a few standards
>in the US
>not in total bumfuck nowhere but I wouldn't mind smaller cities/suburbs
>reasonably survivable climate for a college graduate looking for a fresh start
Any advice /biz/?
What career are you looking for? Job is typically the motivating factor for people to live in a particular place.
why aren't you buying American oil companies? their stocks got fcked by January, but incoming oil freeze.
That one guy talking about Linn Energy, it's up by a lot.
>>1098585
>oil freeze
It doesn't mean cut. Oil prices will hopefully fall more.
>>1098597
it could but it doesn't for very long, oil isn't renewable.
It's pretty much 50:50 whether Britain will leave the EU.
If it does, is there any way I can make money by shorting the currency?
Will the Euro experience just as much, if not more, instability as well? If so, should I buy Swiss Francs or something?
What about if Britain votes to stay? The pound has depreciated against the Euro over the last few months from £1 = 1.4 eur to £1 = 1.25 eur.
What are your plans, if any?
If you haven't noticed gbp has already dipped, but so has eur/usd
Does not matter what you do, usd will be strong and everything else will be complete shit soon enough
>It's pretty much 50:50 whether Britain will leave the EU.
No, it's not. It will be the "Scottish Referendum" replay again. I don't see the UK leaving the EU.
Have you employed any of this guys methods in pennystocking and have they worked positively for you? Or does he just possess advanced jewry?
Literally 90% of his students lose money
>>1098504
I've actually made a huge effort not to use other peoples methods. What worked for them isn't always going to work for you.
That's a real nice background though.
Are anons dumping their Eth?
i am still holding them long term (1+ years)
what are anons doing?
>>1098357
continuing with my method of not buying crypto due to the volatility.
>>1098357
I'm also hold.
I have a very simple rule.
Buy low, sell high.
If it is not high, I am not selling.
>>1098422
>If it is not high, I am not selling.
What if it's never high?
What I should do with my 197€ pension? My mom sustains me so I think I could invest in stocks or maybe a bussiness
>>1098226
Go buy 100 hot dogs and sell them in the street to hungry walkers
Now you have 400 instead of 197 of whatever shit currency that is
>>1098228
He's gotta buy something to keep them warm too. Nobody wants cold hotdogs.
Does anyone here work in insurance or know someone who does? I might be getting involved with it offhand for some intermediary work and wanted to hear some opinions about it.
>>1098219
Can you sell?
I always chat with my guy who works outta his home. Motherfucker brings home 12k a month but he's crooked
>>1098231
I'd start doing enrollments once I have the insurance license, and the company in particular sells insurance plans to other companies, but the unique thing is the insurance that is sold operates sort of like a FSA, where the insurance is question is paid for out of the payroll taxes. Essentially, overall tax paid out by the company is lowered, and the employees get extra benefits that they technically did not lose any money of their own to get because either way the money was either going into the taxes, or used up by these insurances plans pre tax.
Best Gun/Ammo companies to invest in?
When Shillery Clinton gets elected, all the crazy rednecks are gonna stock up. How do I cash in?
>>1098174
RGR and SWHC are both going down. Those 2 are good ones to keep an eye on though.
What are some /biz/ approved literature I can expand my knowledge on?
Already in the catalog
>>1093924
Delete you post OP
Does anyone here know of someone who's willing to consolidate stuff bought from online shops like Amazon/eBay/Etsy etc. Items get too expensive when shipped individually :( We are from the Philippines and we regularly buy stuff from U.S., our couriers are situated in Burbank and Daly City, we usually buy items so this may be a promising opportunity to someone willing.
>>1098026
You could try a remailer service. Basically it's a service you have things shipped to, and I'm sure they could be instructed to consolidate the packages for you.
https://www.shipito.com/ might be what you are looking for.
Please spare me the harsh judgement, but if you have a personal loan, is it possible to be approved for a second loan either at the same institution, or at another one?
If you want my situation, keep reading:
Long story short, I was a bad kid, racked up debt. I have gone 180 by getting a 6k loan for a car. Im now at the cusp of no debt, but i damaged the car bad. The car is my only means of survival. I figured the payment on the loan is so low i barely feel it. In fact i could take a second one for more, fix car, and probably with the rest knock off the last card or take a chunk out of the first loan. Does this seem like a reasonable plan? My only alternative is to jack the car repair on a card again, or borrow from the little savings and sell the car which is not worth much in its state
personal unsecured loans usually carry insanely high interest rates. id lean on your emergency fund and sell the car. buy a beater and start over
Hello /biz/,
Today I come here looking for some advices and/or tips
I am in college and my teacher offered us in this "project" called Bourstad. It's pretty much a simulator for investing in companies and buying actions following stockhouse's numbers. You start off with 200 000$ (not real money) and have 2 months to make as much money as possible.
I've never invested in companies before but I take big interest on it. But I am not sure if what I am doing I am doing it right. So this is what I've invested in do far:
>50k on goldcorp inc.
>50k royal bank
>25k dollarama
>25k bombardier B
>50k barrick gold
Did I make good choices investing on those?
What did I do wrong or right?
What should I look in a company to be able to invest on it?
Thanks in advance.
The top 3 people with most money at the end of the simulation get 1k CAD
Last bumb before going to sleep
what is a EIN?
is it easy to get one?
how does taxes work? i never had a job
when do i file it?
i when do i file taxes? how much does the gov take from my profits?
An EIN is like a SSN for a business
Super easy to get. Takes like 15 minutes. Click through and answer some basic questions like type of business and location
Depends on the type of business but taxes work like they always do. I'm assuming you're starting a sole proprietorship so you just claim the income on your regular 1040. Unless you're making mad dosh then you probably want an accountant.
Uncle Sam is going to want his piece but how much you pay depends on how much you make.