About Edward

Edward has been a member since July 16th 2010, and has created 1280 posts from scratch.

Edward's Bio

Hi, My name is Edward Forsythe, I have a passion for helping people achieve enough passive income through investing in the right vehicles to secure their financial future. I will be sharing with you several financial facts to help you make better decisions investment.

Edward's Websites

This Author's Website is http://prophetmaxprofits.com

Edward's Recent Articles

Your Questions About Investment Returns 2011

Mary asks…

When do you include option contract cost basis in tax return?

Let say I have 1 long contract I used $100 dollars for it in July 2011. The contract expires in Jan 2013. The contract still on my portfolio, I never touch.

Should I put the option contract $100 cost basis in 2011 tax return or put in 2013 tax return? wait til the contract expire?

Edward answers:

Publication 550 (2011), Investment Income and Expenses

www.irs.gov/publications/p550/ch04.html

Chapter 4. Sales and Trades of Investment Property

http://www.irs.gov/publications/p550/ch04.html

Good Luck to you.
Hope that you find the above enclosed information useful. 09/22/2012

Jenny asks…

Vodacom shares returns?

Did anyone invest in that vodacom shares about 5 years ago? And did you get any returns and how much? Thanks in advance

Edward answers:

1. In May 2011, Vodacom paid a year-end dividend of 280 cents, bringing its total dividend for the year to 460 cents.

Http://www.iol.co.za/business/companies/vodacom-shares-jump-on-dividend-1.1069474

2. In November 2010, Vodacom paid its shareholders a dividend of R2,7bn, or R1,80/share, an increase of 63,6% on a year ago, as a result of strong growth in cash generated from operations.

Http://www.balancingact-africa.com/news/en/issue-no-530/money/dividend-bonanza-for/en

3. Other news items are as(please read the website for full details):

Cash for growth and dividends
4 May 08:59 GMT
… more than R500-million. Telecoms giant Vodacom, with cash reserves of R1-billion … shareholders in the form of dividends”. Multimedia multinational Naspers said … is mainly used to pay dividends.” Investment holding company Remgro …

Dividend tax drags Vodacom earnings down
3 May 11:02 GMT
… (STC) that is paid on dividends. At its last reporting period … of dividends. The operator paid out R3.8 billion in dividends after … dividend, and 280c at year-end. In a trading statement released yesterday, Vodacom … because of STC on higher dividends, the movement in net deferred …

Vodacom expects higher FY earnings
3 May 10:03 GMT
JSE-listed Vodacom expects 10% growth in earnings … tax on companies on higher dividends and the movement in net … the year ended March 2011. Vodacom would release its results for …

Vodacom forecasts higher profits
2 May 16:23 GMT
South African mobile operator Vodacom said on Wednesday it expects … , hit by tax on higher dividends paid and depreciation from higher … year’s 656 cents. Vodacom shares closed trading 0.56 …

http://investing.einnews.com/news/vodacom-dividend

.

Charles asks…

does a 13 year old who earns $5000 in 2011 need to file a tax return?

Edward answers:

Neither Anthony nor Cara know jack.

HOW did you earn this money? Is it from a job where you got a W-2? Or is it “Self employed” income? Or is it “unearned income” from investments? The answer will determine whether you need to file a return.

1) A W-2 job. You would have had FICA (social security and medicare) withheld. You cannot claim a refund on that. IF you had income tax withheld, then you would need to file a return in order to geet your refund. A dependent cannot claim the personal exemption (a deduction) but can claim the standard deduction. It was $5800 for 2011.

2) Did you have a “business” where you earned the money? Then you would have to file the return with a Schedule C (self-employed income) and a Schedule SE (self-employed tax). The SE tax is basically FICA (social security and medicare). FICA has an employee “contribution” and an employer “contribution”; so as self employed, you are both employee and employer. On $5000 you will owe SE Tax.

3) Unearned Income. If your income only came from interest and dividends from investments, your standard deduction is limited to $950. So either you have to file a return or your parents would claim your income on their return. This is known as “Kiddy Tax”.

Of course, the IRS doesn’t make anything easy, so if your income is any mix of W-2, self-employed income and unearned income, you have to use a worksheet to determine your actual deduction and whether you will owe any tax.
_____________________________________
@Cara
“How is a 13 year d legally working to begin with”
A chld, regardless of age, may legally work in the parent’s business.

Mandy asks…

Question regarding gain on investments and consolidations.?

Hi, I have a question regarding gain on investments and consolidations.

Situation:
If a parent entity acquires a subsidiary, say in 2010, for $10,000. In 2011, the investment in the subsidiary has increased to $15,000.

On the parent’s book you would:
Dr Investment in subsidiary 5000
Cr Revaluation Reserve 5000

The below questions are what I am confused with in regards to consolidation:

-How does the subsidiary account for the increase in the investment?

-What happens to the subsidiaries 2011 books due to the revaluation surplus?

-How do you account for the revaluation upon consolidation? would you reverse the revaluation surplus transaction, i.e:
Dr Gain on sale of shares 5000
Cr Revaluation surpls 5000

Edward answers:

Doesn’t sound like consolidation at all. There are 3 ways of accounting for an investment:
1) Fair value (0-20% control over the subsidiary)
2) Equity Method (0-50% control over the subsidiary)
3) Consolidation (50%+ control over the subsidiary)

Note: The idea of “control” can involve other factors besides monetary investment. If the sub’s board of directors is composed of the the same people as the board of directors of the parent company, even if the parent company only own 20% of the sub’s equity, the parent still /effectively/ have control over the company, and should consolidate.

Sounds like you’re trying to do the journal entries for fair value investment gain.
Dr Fair Value Mark-up 5000
Cr Valuation reserve 5000

Dr Investment in subsidiary 5000
Cr Gain on investment 5000

Gains on investment held at fair value flow directly through the income under the fair value method. Under the equity Method, you recognize income when the subsidiary has net income, so that the value of your investment on your books is tied to the subsidiary’s equity, and decrease investment when you get a dividend (because it’s a return of capital, like paying back principal on a loan).

In consolidation accounting:

The subsidiary doesn’t do anything to account for the “increase in investment”. That would be a fair value valuation, and the subsidiary primarily does their accounting on a cost basis as always (except for certain items like investments which are accounted for at fair value). The sub doesn’t change anything in it’s accounting just because the parent is going to use consolidation accounting.

The revaluation surplus doesn’t appear on the subsidiary’s books.

Consolidations are done in a separate set of books. Essentially, both companies operate separately. Then, when it’s time to produce financial statements on a consolidated basis, the accountants try to determine, “Well, what if they HAD merged into a single company when we made that investment?” This is done with the separate set of books which track all the cumulative changes ever since the date that consolidation accounting was triggered. They then take all those changes to find the hypothetical journal entries needed to show the parent company consolidated with the subsidiary.

Some examples of items those journal entries need to accomplish in the consolidation process:
1) Intercompany assets/liabilities need to be eliminated so you’re back to being seen as a consolidated entity instead of 2 separate entities.
2) Step-up in basis for assets needs to be applied (If the sub has 10k of equipment, and the parent buys the sub and pays 15k for the equipment, then the parent’s cost basis in that equipment is 15k, meaning you need to add a 5k step-up to the sub’s 10k basis to get to the parent’s basis)
3) Depreciation on the increased FMV
4) Eliminate subsidiary equity so only parent equity is left.
5) Apply goodwill if any.
6) etc. Etc.

Consolidation accounting is much more complex than the entry you’re looking at above. You’ll encounter these topics in your Advanced Accounting class. It’s not particularly difficult, just a lot to remember.

Lisa asks…

how much returns given in 2001-2012 by nifty?

Hi i just want to know how much % returns given by Indian equity market in last 12 years from other investment tools such as banks. mutual funds & other ?

Edward answers:

2002 to 2007 at an average of 15 to 17 %.
2007 to 2009 at an average of (-) 22%.
2009 to 2011 at an average of (+) 5 to (-) 5%

Very rough estimate

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Your Questions About Investing For Income

Donna asks…

Receiving Income?

I am 18yrs old, and i don’t want a job, because i believe you can receive income without working for someone, but yourself. I want to start learning about the stock market, but i would like to get some of your ideas on what should i do to receive income at this age. I thought about selling some products, but i would like to know some unique ideas that will make me money.

Edward answers:

1. Find a primary business to make money
A primary business is a company that can build you a solid lifelong residual income. It’s a company whose products you would buy, even if there was no business opportunity involved.

Choosing a good primary business is very important to your success online. Think about it: if you join some shady money making business, you could make some money in the short term. However, you could also lose your money in an instant if the owners disappear into the night and take your money.

2. Find a proven marketing and money making system that promotes your primary business
Commit to working the system for at least 12 months. The reason for this commitment is that it takes time to succeed.

So many people fail because they quit! Don’t be that person who joins for a week or a month and then quits because they don’t see the results they expected. If you keep hopping around to the next best thing, you’ll keep losing money! Focus on your system and keep in mind that it takes time and money to make money online.

3. Fully setup your money making system
With a fully setup system, you get the maximum monetary rewards from promoting your system to others. This involves joining at the highest levels for any programs that the system promotes. A fully setup system makes the most efficient use of your time and effort. For example, for the same amount of effort and time, you could a) promote a system and earn $7, or
b) promote the same system and earn $107 + residual income if you are fully setup

Which one would you choose? It makes sense to be fully setup. There’s no need to “test the waters” and see how it works. With that kind of attitude and thinking, your results will be mediocre. You’ve got to jump in with both feet to maximize the money you make online.

4. Promote the system using the techniques they teach you
Proven systems will have advertising techniques that work. Follow in the footsteps on successful people if you want success. Think about it: let’s say a person makes $27,000 per month and took path A to get there. If you wanted to get to $27,000 per month, which path would you take? A – the travelled path or B – a path you carve yourself?

You don’t need to carve your own path. You don’t need to do your own thing to promote the system online.

5. Invest in yourself
“Income rarely exceeds personal development”

You can’t go wrong when you invest in yourself and develop yourself personally. If you want to make a lot of money online, you’ll have to constantly learn and improve yourself through education. You can learn through reading books, listening to audios, attending training calls, and watching videos. The world is constantly changing, and if you don’t learn and grow, you’ll actually decline. You can’t stay the same!

6. Do income producing activities daily
The key is to do these activities daily, so that you are consistent. You may not see the rewards immediately, but if you do it consistently and don’t quit, you will get to where you want to be. Even 10 minutes a day adds up over the course of a year! Of course, if you want to get there faster, then put in more time each day. The people who make a lot of money online are simply doing more income producing activities than others.

Lizzie asks…

Coming into some money and want to invest, plan, gain income.?

We experienced an insurance loss and are coming into around 100K. We own a property on the waterfront as well, (just land) 100-150k aprox worth in middle market.
I don’t just want to burn through this money. I would like to invest it into stocks that pay enough dividends to live on, if that is possible.
I’m only 33, I do not want to own another home. I am happy renting an apartment or living on my boat. We don’t have kids and do not plan to ever venture in that direction.
I researched some financial planners but they seem like a party for old folks with great wealth and I just have this measly 100k.
What should I do?
How can I turn this into income?

Edward answers:

You have a large sum of money, but i would recommend investing it conservatively and let it grow some more. You should maybe look to add to it in the next 10 – 15 years, and then truly retire wealthy.

Your first option, should be to open a retirement account. This is always a good investment, regardless
of who you are.

If you have fully funded your retirement account and would like other options, you should consider a DRIP Plan.

They are seldom recommended by brokers due to the low rate of commissions received. However, these
reinvestment plans can be very powerful long-term investments. Studies have shown that DRIP’s are one of
the best strategies on Wall Street.

They are inexpensive and easy to start. New investors to the stock market should definitely consider a DRIP Plan.

Companies like Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and many other Blue Chip
Stocks can be purchased through your DRIP Plan, with as little as 1 share in most cases.

These long-term plans are great for beginners as well as veterans. Check them out.

Best of Luck

David asks…

Claim down payment on income tax?

Hi there

I would like to know if you can claim down payment on your income tax in Ontario. Say someone invests $50,000 in some type of real estate will that person be taxed for that $50,000?

Edward answers:

If you invested $50,000 to purchase real estate, it depends whether you bought the real estate on a capital or income account. Generally, real estate is purchased on a capital account. Therefore, you would not be able to deduct the investment against any income earned from the property. When you sell the property, you will have a capital gain (or loss), with 50% of the gain being included in income.

However, if the real estate will be part of your business inventory, you will be able to deduct the cost.

The same applies for the tax consequences of the other party.

Sharon asks…

Investment Income – Not Income?

Is Investment a Income or Not an Income ??? Please Explain
Is Investment a Income or Not an Income ???

Edward answers:

An investment might produce an income. If you were to invest in bonds, they pay interest. That is an income. If you were to invest in a dividend paying stock. That dividend is income. Some stocks do not pay dividends. There is no income when investing in those. An investment in a rental property produces income.

Some investments are made to produce capital gains. Those are not income.

Daniel asks…

Advice on how to invest with an income of 120,000?

Hello, i’m 22 and im lucky enough to start a job in real estate, my salary will be about 120,000 a year. I live in nc (cost of living is relatively low) and its just me so i will have thousands extra but i dont want to spend the extra money on junk i want to save and invest…since i have a little more to work with than the average joe and still young, what would be the best way for me to make my money work for me? I kind of have a dream of becoming a millionaire some day, i already have a high paying job, i just need to know the next step
Yes im talking 120000 US a year sorry i failed to mention the type of currency above

Edward answers:

A salaried job in real estate at $120,000a year is a super job. My advise, invest in real estate, that’s where most of my net worth derives from. The two big advantages are that you get:

1) tremendous leverage with a 75% mortgage loan, which allows your equity to grow at 4 times the appreciation rate of the underlying real property, due to the use of OPM.

2) at this time you still can get a depreciation deduction on your taxes (and that’s off the top of your highest tax bracket), which is strictly a bookkeeping/tax accounting function and has nothing to do with how your property performs

Lucky fellow. Good luck and your millionaires dream is not that far off.

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Your Questions About Day Trading Options

Steven asks…

how to trade in future & forward & option trading in india stock market?

Edward answers:

Naturally, Day-Trading – but make sure you have enough knowledge or gain some experience working with brokarage firm as we have plenty here. You even cultivate an habit of reading current trend of the market. Since Indian Stock Market is unpredictable as we witnessed the 2nd week of May 2006 with first 3 days of trading gained 160.18 points and the next 2 days it lost -311.73. So you need some education. All-the-Best

Jenny asks…

I am interested in getting into Day Trading, please tell me how to go about getting started?

Edward answers:

Day Trading is not as difficult as many people want you to think. In order to succeed with Day Trading you MUST know the three “secrets”. Actually, they are not really “secret”, but since many traders don’t seem to know them I call them secrets.

So let’s talk about these secrets. The Secrets to Trading Success are universal. They apply to every market, whether you are trading stocks, futures, option or forex. And they apply to every timeframe, that’s why they are so powerful. And they are so simple that you will wonder why you wasted so much time and money on all the other “stuff”, on complicated formulas, indicators and systems.

So here they are: The Three Secrets to Trading Success

* “Secret 1”: Trading in the right direction
Buy when the market is going up and
Sell when the market is going down. That’s how money is made.

* “Secret 2”: Always know when to exit
Know when to exit with a profit,
and know when to exit with a loss.

* “Secret 3”: Trade the right market
The right market to trade is a trending market.
As you know, money is made in trends, whether up or down, so you dramatically increase your chances of making money with trading if you trade a trending market.

Sounds too simple?

Well, there are a few things you need to learn:

* You need to learn how to determine whether the market is going up or down.
* You need to learn when to exit a trade; when to take a profit and when to bail if the market is not moving in your favor
* And you need to learn how to find the right market

And you need to know how to avoid the seven mistakes that traders make and that cause them to lose a lot of money.

Oups… This is getting too long. Keep reading here:

http://www.rockwelltrading.com

(Scroll down to “The Three Secrets to Trading Success”)

Betty asks…

Day trading. Is it profitable?

My partner just recently started a full time position as a day trader, something which I know nothing about. His previous occupation was a full time online poker player. While he was able to sustain a decent living, he felt it was time to move on to a profession where he could earn serious cash (also, I suggested that a more stable income may come in handy for future mortgages, and kiddies).

I guess my question is- is day trading a profitable, long-term, occupation? As a previous poker player, who’s had to rely on logic, expected values, math, and so forth; will his skill sets give him a leg up? At 27, is this an ideal career option?

Edward answers:

Day Trading is much more than gambling, in fact holding for the long term is real gambling, you have a paper profit that may or may not be there when you are ready to sell. A good day trader is well informed, a studier of the markets, understands risk and that he hasn’t made money when something has gone up, but when he has closed out the trade. Every Day Trader should read “REMINISCENCES OF A STOCK OPERATOR”. He should also learn Technical analysis. This is the indicator to help find stocks that may have breakouts. He must also follow the news on several companies. It is not easy, but can be lucrative.

Mark asks…

How to Day Trade Online? Help?

I am new to all this so I need some help. So, how do I day trade online? What are the firsts steps in learning how to day trade? Is there any courses I can take to help me day trade? Please help me because I just got out of high school and I want to day trade so I can raise money for college. Like I said before I’m just a beginner I have no experience in day trading whatsoever.

Edward answers:

Yes, it is true that day trading is very risky and requires a substantial financial backing. Simply put, only trade with money you can afford to lose.

Now there are many types of day trading. Forex may seem the most acceptable / affordable, but in the long run, you’ll probably find the market to be too wild. Also, you trade against your broker (he’s not your friend when trading Forex!). So it’s a matter of you vs. The world.

Trading stocks is expensive – brokers require at least $25,000. That’s a year of college for you at a decent school.

Futures trading is the best option as it’s regulated here in the U.S. And requires $3,000 to $5,000 to establish an account with a broker. But keep in mind, if you’re not of age, you’ll have a difficult time establishing an account. Futures trading, like the E-Mini S&P, offers a decent amount of day-to-day volatility. Other traders and your broker are not really your enemy in this market. I recommend downloading NinjaTrader and getting familiar with the vocabulary and practice in simulation mode. If it seems like something you want to get into later on in life, I recommend taking a day trading course from Day Trade to Win (daytradetowin.com), as they teach open price action (not a hidden system or indicators).

Best of luck whatever you decide, but be careful!

Paul asks…

Options trading questions?

Good day all, could someone answer some questions regarding options trading. I’ve traded and still trade shares, but would like to learn more on trading options. Anyhow my first question is that if I’m BULLISH on a stock do I purchase put or call options. Also how do I guarantee profits with options, example using them to hedge against my current portfolio.. Any help is appreciated.

Edward answers:

When you buy a call option you buy the right, but not the obligation, to buy the underlying security at a fixed price prior to the expiration date of the option. Since the price you would pay if you exercise the option is fixed, the price of the option usually goes up if the price of the underlying security goes up. For example, if I own a call option on 100 shares of a stock with a strike price of $50, I can buy 100 shares of the stock for $5,000. If the stock is trading at $70 per share, I know the option is worth at least $20 per share ($2,000 per contract of 100 shares) because I know at that moment I could buy the 100 shares for $5,000 them immediately sell them for $7,000. If the stock was trading at $80 per share I know I could buy 100 shares for $5,000 and immediately sell them for $8,000, giving me a larger profit because the price per share is higher. Hence call options are bullish.

When you buy a put option you buy the right, but not the obligation, to sell the underlying security at a fixed price prior to the expiration date of the option. Since that is the opposite of a call option, put options are bearish.

<<>>

You certainly would not want to buy put options. You might want to buy call options, but you might not.

If you are bullish and you think implied volatility is too low, you want to buy a call option.

If you are bullish and you think implied volatility is too high, you would be better off selling a cash secured put option or buying the stock and selling a covered call.

If you are bullish and you think implied volatility is about right, or you don’t know what the hell implied volatility is, you should forget about any options trade and simply buy the stock.

<<>>

You don’t.

You are able to reduce potential losses. If you have an unrealized profit on an existing position you may be able reduce potential losses to less than your unrealized profit, which will guarantee your existing position can realize a profit in the future, but you can not guarantee a profit larger than the profit you would realize if you simply closed the existing position immediately.

<<>>

Example 1.

You bought 100 shares of a stock for $55 per share. The stock is now trading at $65 per share so you now have an unrealized profit of $10 per share. If you buy a put option that expires in three months with a strike price of $60 per share for $2 per share, you now have the right to sell the stock for $60 per share for the next three months. So even if the stock price drops to $1 per share, you can sell your shares for a net price of $58 per share ($60 less the $2 you paid for the option) giving you a profit of $3 per share. Of course, if the stock price stays above $60 per share the put option you bought for $2 per share will become worthless. If you keep repeating this process every three months and the stock price never drops, you will lose $2 per share every three months.

Example 2

Some people like avoid the problem of losing the money you pay for put options by also selling call options. The combination of long the underlying, long put options and short call options has a number of dfferent names. It is usually called a collar, but I have also seen it called a fence, a cylinder, a tunnel, a range forward and a split-price conversion.

If you mae the trades in example 1, but also sold a call option with a $70 strike price for $2 per share, you would be guaranteed at least a $5 per share profit if the stock price fell. Of course, there is also a drawback associated with selling the call, specifically that you are limiting your potential profit. Even if the stock price went to $200 per share, you would have to sell your shares for $70 per share.

When you learn more about options you will understand that a collar is equivalent to a simpe bullish vertical spread.

——

One big mistake a lot of new option traders make is that they think if the price of the underlying goes up the price of call options will always go up, and that if the price of the underlying goes down the price of put options will always go up.

Option prices depend upon more than the price of the underlying security. You would be well served by learning what factors (which are collectively called “the greeks”) have an impact on option prices.

—–

The free courses at

http://www.cboe.com/LearnCenter/Default.aspx

can give you a good introduction to options,

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Your Questions About A Company Purchased A New Truck

Helen asks…

Can the car dealer not be held responsible for hail damage after a purchase if they won’t deliver the car?

My mom purchased a truck from Dodge. They told her it wouldnt’ be ready for her to pick up for a week. During that time there was a bad storm and the truck was hail damaged. They will not take responsibility for the damage and are telling her to go to her insurance. Is this legal for them to do? Since it was on their lot and they wouldnt’ deliver it aren’t they responsible for the damage? What are her possibilities for recourse? Thanks for any intelligent and insightful answers.

Edward answers:

It was her truck when the hail damage occurred, her insurance should cover it. If her insurance company finds the dealer was negligent or otherwise liable, they’ll pursue reimbursement from the dealer.

Mandy asks…

Where do I find instructions on how to install a remote start system for a 94 Ford Ranger Truck?

I want to install a remote start system for my 94 Ford Ranger, and I’m looking for detailed instructions on how to do that. The company where I purchased my equipment is called Vehicle Power Accessories. I checked their website, but they don’t have instructions. Where could I find instructions?

Edward answers:

I’m suprised the instructions didn’t come with the kit. I would send it back and get one off of ebay. I got my for 48.00 with shipping and detailed instructions. It took me 1.5 hours to get it installed. Thats with 2 sandwiches, 4 beers and with 3 yes dear conversations.

Steven asks…

I bought a truck that had a salvage title and it wasnt tilted that way?

i purchased a truck from a dealership. It was wrecked and totalled last week. The insurance company is telling me ithas a salvage title. I was unaware of this. The title i received and the bank was didnt have salvage on it. Is this forgery on the dealership?

Edward answers:

I used to buy cars cheap like that and have them retitled in other states. Probably not it depends. You need to do some research. Most cars are rebuilt and sent to an auction. If it has a salvage title well its ok but the dealer should have made you aware. There are ways to go about getting the original title back in play. But you need receipts for everything that was rebuilt. Also it wont be worth as much.

Maria asks…

Depreciation question for accounting; how do I get the answer?

Philips Corporation purchased a truck that cost $26,000. The company expected to drive the truck 100,000 miles. The truck had an estimated salvage value of $2,000. If the truck is driven 36,000 miles in the current accounting period, which of the following amounts should be recognized as depreciation expense?

Edward answers:

26k – 2k first,

then you apply the units depreciation method

24k * 36k/100k miles

Dr Dep Expense 8640
Cr Accum Dep 8640

Hope this helps :)

Thomas asks…

What insurance company offers the cheapest rates for a 20 y/o?

I just recently purchased a truck. I am an out of state college student. My family live in Georgia and I live in Minnesota. I have been researching and pretty much every company is offering the same quote, which is around $120/ month. This is absolutely ridiculous. There’s no way that I can afford it.

I want to know if anyone has been in this situation and were quoted a much lower price and can you please state which insurance company you have used. (I received a quote from Geico, Esurance, and State Farm.)

Another thing, I haven’t registered the vehicle yet. When I was in Georgia, I bought my mom’s car but left the registration in her name. Therefore my insurance rate was about $45 a month. I am considering to have the car registered in her name for this car as well. I think that’s my only option..

Edward answers:

It will be the one that you find after you get several quotes.
If you can’t afford the rate they are asking, then don’t drive.
Registration is a yearly, one payment fee, not monthly. How can it be $45.00 per month?
If you put the car in Mom’s name and you drive it regularly, you may find yourself with no coverage at all. You may also find yourself in a jail cell with a cell mate named “Bubba”. What you are proposing is called “Insurance fraud”

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Your Questions About What Kept The Peace In Europe

Mandy asks…

Would you Turks be willing to give up the land you have in Europe in exchange to have Cyprus all to yourself?

Since Cyprus is practically located in the MIddle East anyway like the rest of Turkey is, might as well let Turkey have Cyprus in exchange for the land Turkey has in Europe so all of Turkey can be completely located in the Middle East. What do you think about this deal? Would you Turks accept it and why or why not?

Edward answers:

Well we don’t need the Island, all we need a Justice .. Justice for all. That’s why Turkish Army wasn’t occupied whole of Island at 74.

Other hand I agree with “vasiliki” she tell the truth about Island. Cyprus belong to Cypriots ( and sorry but we aren’t die or something for Island .. Cypriots can keep it for own good ) .. Best thing we can hope a “deal” and a united island for common good.

After a deal between north and south Cypriots .. In my opinion that day isn’t far away, hope they agree soon.

.. And dear Aug. Please be creative , u had capacity I’m sure u can find some better idea then this .. Crap .. Some ones really good but I shout said that; this Cyprus Question really suX.

Edit :

Dear Vasiliki .. Turkey had State Policies like many other countries who surround us.

Politicians will come and go, sometimes power pole can change the direction ; but state policy isn’t change.

It’s clearly static.

Our state politic so straight about cyprus, simply we won’t the Island.

That’s why Turkey keep focused for “a deal” at Cyprus, a united cyprus .. A peace island good for our interest ( also good for north + south piece of island and greece to )

But we won’t move our troops out of island until agreement done ( same reason .. State politic )

Maybe some people who living Turkey hate this statement but this doesn’t change our state politics. Becuase our aim so clear about Cyprus.

We stay there until agreement , for push the sides thu a fair deal.

Edit :

Vasiliki .. U can see same thumbs down under my message too :)

Looks like our people doesn’t like this statement but it’s true.

Cyrpus doesn’t blongs us ( Turks ) Yes .. Our force still there for kept the peace, but that’s all and we will leave the island after agreement between north and south.

.. Because international agreements + state’s policy .. We like it or not.

Let me give a example about “State’s Policy” .. I’m sure many people who living at Greece doesn’t see a Turkish Republic who part of EU, but Greece one of the our supporter about EU case .. Why?

I’m sure Greece had many reasons for it and I can’t discuss it for now .. Truth is This Is A State’s Policy for Greece, and a State’s Policy isn’t change .. Easily, like long term deals.

There is a word about this kind of situation in our culture, I would like to add it for my people.

“emir,demiri keser” .. This is the state’s policy.

Betty asks…

Is it illegal to move to Alaska and just build a cabin in the wilderness without any formal documentation?

There was this guy named Richard Proenneke, in the late 1960’s he moved to Alaska. He trekked into the wilderness miles away from civilization and built himself a log Cabin by hand. He lived there for 35 years in peace, alone, in the wilderness without having any interactions with civilization with the exception of a pilot who brought him supplies. I’ve been told that this is illegal by today’s laws and regulations in Alaska – and that you can be fined big time if they catch you doing it. Does anyone know if this is true?

Edward answers:

If the case you cite was on government land, it doesn’t quite add up – homesteading was open in specific areas not just any unsettled area. But if it was private property, it makes sense.

It is now illegal, but not because homesteading stopped long ago. Homesteading was a way to obtain government land of specifically offered tracts by “proving out” the land by building a dwelling and bringing in a crop.

Rather, “adverse possession” was a way to recognize the “ground-truth” of homestead-like behavior by people who’d lived on land that wasn’t theirs. The concept dates back to the middle ages in Europe. If they’d been there 5 years and never been asked to leave, they could take “adverse possession” of the land. Note that they couldn’t do this on state land. Nor Federal land.

In 2003 (see reference below) Senate Bill 93 was introduced to change the law. Much was made of “private property rights” and of giving private property owners the protection that government land had against “squatter’s rights”. Amazingly, politicians were arguing that inspecting your land once every 5 years was too much of a burden for property owners. Yet there was no body of evidence or cases that “squatter’s rights” were actually ever used much at all.

The other situations the old statues addressed nicely was when some common-use boundary (like a fence) is respected by all parties, it becomes the legal boundary. Or a whole subdivision, through a surveying error, is placed 2 feet off. Now, when discovered, everyone’s fence is in the wrong place and everyone may be out of compliance with set-back requirements. Previously, the old understanding could easily be made legal.

So, in your example, at that time, yes, occupying someone’s (private) land w/o being asked to leave for 5 years established the basis for adverse possession. Since 2003 that is no longer the case.

Editted to add: Oh, and could you be fined big time for doing it? In a wilderness area or state or national park? Yes. On unposted private land? No, it would be simple trepass. If the land was posting “keep out” or “private property” then it would be criminal trepass, you could file a complaint and maybe the DA would prosecute. In either case, you’d have a good basis for a civil lawsuit against a trespasser who cut down trees, built structures, etc. But you’d get a judgement or award, it wouldn’t be a fine paid to the government.

David asks…

What were the benefits of rebuilding Europe and Japan?

I need some help explaining the benefits of rebuilding Europe and Japan. Also, I need to talk about what specific changes were made in Japan and by whom. And what was the Marshall plan; what it did, why, and its impact on communism and Cold War and the European economies.

If you could please help me with this I’d be so greatful. thank you :)

Edward answers:

The marshall Plan is most likly the reason that:
– not all of europe became communistic (russia would easly have conquered the weak western european states after the war)
– america had (and has) strong allies
– There was no 3rd world – see what happened after the stupid peace treaties in WW I: They laid the basis for another war.
– The marshall also greatly helped the american economy was the rebuilding was done by american buisnesses (partly) and established trading relations and new markets for consumer goods.

Japan:
– The emperor was declared human and stoped being a devine being
– There were free elections – the emperor no longer rules absolutistic
– The same as in Europe in reguards to economy
– America had a important stronghold in the far east – keeping an eye on the communistic countries there.
– The japanese warrior culture was put to and end. (no more suicide attacks for the devine emperor).
– The americans destroyed most of the japanese cities (firebombs) killing up to 25 percent of the inhabitants and destroying up to 90 percent of all buildings – this was a shock for a pround nation that had not been defeated in a long time.

Donald asks…

From your study of history, what conditions do you think produce eras of peace?

What lesson do you think our politicians can learn from history about creating conditions in which peace will be sustained?

Edward answers:

Low population. The longest period of peace in Europe came after the Great Plague wiped out one-third of the population. The Hundred Years Wars stopped. Wages rose. Serfs left the land and became business proprietors, beginning the middle class.
Within a generation or two, population rates recovered, and the Hundred Years War began anew.
War makes one obvious, but seldom noticed assumption. People are expendable. We can do without “all of the other people,”and “those people” have little use or value.
Another condition that leads to war is an excess of males in the population. If there are too many men, crime rises and wars begin. It is simple; not enough women and resources to go around. It will be interesting to see what happens to China since the “one child” rule led many Chinese parents to kill female children, and keep trying for a male child, so they would have someone to take care of them when they are older. When these men reach adulthood, there will not be enough females to “go around,” and I suspect they will start killing each other for breeding rights, as animals do. If an idealistic difference surfaces at the same time, there may be a Civil War; or, China may make war on another country. The Chinese race will only reproduce itself through the amount of females and the number children they can bear in their lifetime.
Conversely, an excess of females has, in the past lead to excessive prostitution and a lowering of moral standards, such as the “Roaring 20’s” after WWI. After WWII, the lack of men lead to a tightening of “traditional standards, and women conformed to a world designed to benefit men, since there were less men and they were in a better bargaining position. Men had many affairs, and their wives looked the other way, since they probably couldn’t find a man to replace their husband. However, after the Vietnam War, women outnumbered men and made great strides toward equality. WIth more rights for women, a future excess of women may have different and unforseen consequesces.
War is nothing more than legal murder, rape and the theft of goods and real estate. It is a legal crime spree.

Sandy asks…

What are the positives and the negative effects of having a military bases in foreign countries?

such as the USA for example. I think having a base in South Korea and Japan is necessary but with parts of the world such as Europe and all over the countries that the USA bases in.

So what are the positives and the negative effects of having a military bases in foreign countries? like regarding cost, social safety nets, view of foreigners, etc.

Edward answers:

We maintain a presence in friendly, allied countries for the mutual benefit of protection and geopolitical support. Isolationism is a very bad practice when it comes to matters of the State. We need to provide support, economic influx and political influence to ensure our alliances and protective associations do not degrade.

Yes, budgetary funding is used to provide military presence around the world, but it is cheaper by far then to sit back behind our own borders and watch the world fall to despots and dictators. Our influence throughout the 20th century kept communism at bay in many locations, allowed small nations to stay free while fielding military forces too small to protect themselves, and extended educational and medical technologies and assistance around the globe.

Without bases in Asia, North Korea would not behave. China would be much more dominant than they already are and the Pan-Asian region would be rife with turmoil. Without bases in Europe, the wall would never have fallen, and Communism would have grown beyond the shadows of the Iron Curtain. We needed our forces around the world to ensure peace and will continue to require them to stand watch, as long as threats exist to freedom and life without terror.

And yes, there are cases where the local population might not agree with a US presence, but it is not common. US Forces are constantly trained and managed to “blend in” with the local cultures and customs. They are expected to bring a positive light upon the presence of US Forces in their country and in most cases this occurs. Is it difficult to serve overseas, away from home, family and regular things we grow accustomed to? Of course. It is an challenge, and requires some adjustments. While stationed in Italy I had to stay up very late or get up very, very early to watch NFL football, due to the time difference, but sharing in the Italian culture and expanding my view of the world made it worthwhile. Was it expensive? Sometimes, but no more than how we sometimes live in the US. It is what you make of it.

PresaCanario… WTF? 1,000 bases? Never in the history of the modern military have we had 1,000 overseas bases. I dare you – demand you prove what you say. Knucklehead.

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