Bricejm

5 ms·

1.
by Bricejm 10mo ago
Google also has $100 billion in profit each year from it's core business to wait out OpenAI.
2.
by Bricejm 7y ago
It would be helpful. After losing my hair, the sun became the enemy. Easy to forget to bring a hat.
3.
by Bricejm 8y ago
Prometheus definitely stood out. If they can do what they advertise, states could start implementing carbon taxes per gallon on the current gasoline to make the 'CO2 neutral' gas the same price or less.
4.
by Bricejm 8y ago
Agreed. I worked at Sears in college (~15 years ago) loading dock/warehouse. It was a great job at the time. Good pay, plenty of hours, and generally good managers. The downfall of Sears had very little to do with wages, but Amazon
5.
by Bricejm 8y ago
Would it make sense to combine California's ability to produce solar and need for water? Build solar plants that run during the day that power desalination plants that fill reservoirs in the western mountainous area which then release
6.
by Bricejm 8y ago
A fine isn't going to hurt Wells, especially when it's about two weeks worth of profit. If you want to teach a bank a lesson, you have to hit their business model. If after a fraud is uncovered regulators instituted restrictions
7.
by Bricejm 9y ago
When I was working as an accountant, computers were depreciated with a three year life. It's important to understand that an assets useful life often exceeds it's depreciation schedule. If an asset is sold after it's fully
8.
by Bricejm 11y ago
Most was actually covered by a sales tax: http://www.greenbaypressgazette.com/story/money/2015/09/29/l...
9.
by Bricejm 11y ago
Not an issue of supply, just regulation. It's significantly more difficult to start a bank today than 5-10 years ago but not impossible. Provisions in Dodd-Frank actually insulate current banks while raising the standards to start a
10.
Emanuel hails a universal taxi app(chicagobusiness.com)
2 points by Bricejm 11y ago|0 comments
11.
The 40 Fintech Graduates from Y Combinator (YC)(netbanker.com)
3 points by Bricejm 12y ago|0 comments
12.
TrustEgg Partners With the NBCI to Open One Million New Savings Accounts(finance.yahoo.com)
15 points by Bricejm 12y ago|0 comments
13.
Andreessen skewers Buffett for doubting Bitcoin(sfgate.com)
1 points by Bricejm 12y ago|0 comments
14.
TrustEgg (YC W11) - Changing financial services(trustegg.com)
1 points by Bricejm 13y ago
15.
by Bricejm 14y ago
Founder/CEO - TrustEgg - We eliminate the minimums. To open a Vanguard 'Wellington Fund' account - you would need $3,000. Also when purchasing, or making a trade, you are usually going to pay a fee.
16.
by Bricejm 14y ago
Founder/CEO - TrustEgg - Most financial institutions are based out of a few select states, Nevada being one. Similar to every company being formed in Delaware.
17.
by Bricejm 14y ago
Founder/CEO TrustEgg - For most families the only option they have, or are using right now, are savings accounts which over time will lose to inflation. We offer a way for accounts to receive a market rate of return. As for pricing, an a
18.
by Bricejm 14y ago
Founder/CEO TrustEgg - The deposits are held at an established Trust Co. (Summit Trust Co. of Nevada)and if something were to happen to Summit or TrustEgg, the accounts would be transferred to another Trust Co. under the supervision of the
19.
by Bricejm 14y ago
Founder/CEO TrustEgg - We allow families an easy way to bring in friends and family to make contributions. Social savings for the child's future.
20.
by Bricejm 14y ago
TrustEgg Founder/CEO - You can set-up your own UTMA, but you would need to be the custodian. If you have a third party custodian (what we offer) then the price increases. We also have no minimums, which keeps many people from starting an
21.
by Bricejm 14y ago
TrustEgg Founder - If TrustEgg were to fail, the accounts would be transferred to a different Trust Co in coordination with the State Division of Financial institutions.
22.
by Bricejm 14y ago
I think the point is inflation increases the money supply, while debt remains the same. Individuals make more money with less buying power, but can pay off debt easier.
23.
by Bricejm 14y ago
Jeff - Founder/CEO - In the beginning we will only be able to accept deposits from a bank account. Taking on other assets would require more infrastructure and cost. We hope to expand and offer more trust products as we grow.
24.
by Bricejm 14y ago
Jeff - Founder/CEO - A TrustEgg account is a UTMA. TrustEgg is the custodian and we will provide the infrastructure for parents and other family members to make easy transfers into the account - both one time and recurring deposits.
25.
by Bricejm 14y ago
Jeff - Founder/CEO A UTMA can be used for non-education expenses without a penalty. Gains, to an extent, on the account can also be offset by the kiddie tax exemption. We will be providing the education and tools to explain this and make i
26.
by Bricejm 14y ago
Jeff - Founder/CEO It does reduce financial aid, but only 20% of the child's assets are included. TrustEgg assets also don't have to be used for education, while a 529 plan would assess a 10% penalty for non-education withdrawals. Having
27.
by Bricejm 14y ago
Jeff - CEO/Founder - The tax advantage is for the income earned on the investment. The kiddie tax exemption eliminates the the first $950 of unearned income. As long as deposits are less than $13,000 per parent/grandparent each year there
28.
by Bricejm 14y ago
Jeff - CEO/FounderThe first $950 of investment income for a child is tax free.
29.
by Bricejm 14y ago
Jeff - Founder/CEO - A UTMA is in the child's name, so 20% of the assets are considered for financial aid. http://www.axa-equitable.com/plan/education/can-UGMA-UTMA-ac...
30.
by Bricejm 14y ago
Jeff Founder/CEO The government seeded the accounts, but it prompted families of all income levels to begin saving. http://www.guardian.co.uk/money/2010/may/25/child-trust-fund...

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