Archived threads in /biz/ - Business & Finance - 5824. page

>>1876935
You have to define a few things first.

-How much money are you working with?
-How much are you willing to lose?
-What market? The S&P 500? All equities? July corn futures?
-Do you expect the market to crash today? Next month? This decade?
-How badly do you expect it to crash?

Because for shits and giggles you could pay like $50 in commissions and another $1000 to get 20,000 SPX puts at 1900 for the 22nd.

Then if the S&P 500 drops 500 points in two days, from 2,378 to 1,878, your 20,000 puts are suddenly worth a total of about $440,000.

In which case, I hope you did that trade in a tax advantaged account.

>>1877028
>then if the S&P drops 500 points in two days

And when was the last time the S&P dropped 5% in 48 hours? The market has chopped sideways in a boring manner for so fucking long that their would be riots in the streets if an index dropped anything more than 250 basis points in a single trading session.

>>1877058
21% drop lol

Point is, if OP thinks there's going to be a Black Monday tomorrow (plus change), he could do that. Just giving a stupid answer to a stupid question.

Yes but you cannot dodge taxes
Incorporate in Delaware

>>1876915
>Incorporate in Delaware
Could you explain, please?

>>1876918
Delaware is tax free everything.
>delaware resident

Tomorrow

The day after tomorrow

Two days after tomorrow

>>1876814
VTIAX.

Also, depends what other accounts you have in your portfolio, what their holdings are, what your risk tolerance is, and what your time horizon is.

>>1876828
>VTIAX
What makes you like that?

I have another $3500 in a Vanguard financials ETF (VFH) for my taxable account, I like risk, and I'm 25 so I won't retire until maybe 40 years from now.

>>1876925
>>1876368

My philosophy is that you can pick and choose stocks or sectors or markets, but unless something jumps out, the marginal extra return isn't worth as much as earning & saving more: >>1876549

O Y V E Y
Y

V
E
Y

goyim pls go

>implying you need a reason to have a lot of extra money
You just don't get it, do you?

>>1876788
Dating vapid young whores won't bring you hapiness.
The reason to have lots of money is to have lots of kids and give them all the best possible life you can

>>1876739
i don't get your problem

pivx and other cryptos are very active all day and there is an european community on /biz/

>>1876739
I have the same problem.
Some cryptos that I know can blow up any time of the day, I want to be able to set up an alarm that would wake me up.
For example Milo pumped while I was sleeping last night - not that I had any but I very well could have.

Now I found an app called Blockfolio and you can set up alerts it works great but it's just a shitty regular notification alert. I want something that can wake me up.

Any advice?

>>1876823
Pair it with a software alarm clock on your phone.

>>1876692
Don't have any UK specific background, but some good principles:

1. Think about why you're going to college. What's your gameplan? What major do you want? What job will that allow you to do?

2. Work during college is important, but don't let it weaken your post-college plan. Need higher grades/more study time to get into a graduate school? Need to take an unpaid internship to get industry experience? Those long term considerations should take priority.

3. Reduce expenses, because whatever you can't earn from work, you'll have to borrow. You're on the right track with renting a room. Consider pooling with roommates/coworkers, renting or buying a house together. Consider areas with a bit longer commute if they're cheaper to live in. See if there are any discounts for eating at work, since that'll help your food budget. Put together a spreadsheet of income and expenses: rent, food, your typical waiting income, possible student loans, and everything else.

4. As an Eastern European immigrant, yeah, the UK will probably be stingy with welfare. Still, take advantage of any things you can. That incldues both welfare and tax credits. Better you get welfarebux than Abdul.

Make a budget and stick to it.

>>1876780
1. My plan is to use college as a ladder to get to a university. College is basically essential for me because I wasn't able to finish the school year and pass my finals because of the fact that I had to move to Scotland with my father. In my class we had 3 "advanced" classes: math, physics and English everything on a much higher level than other profiles.

2. I'm thinking about something with physics. I liked the subject and I'm fairly good at it. So interships and good grades are a must.

3. I won't have problems with food. My one of my sisters thought me how to buy good quality food cheap and my other sister knows how to cook high protein and healthy food. Also I don't think that you have to pay for college in the UK if you're studying full time. Still the spreadsheet idea is great.

4. Maybe I could get some help from the government. I'm from a poor family, my mother died because of alcoholism and my father had to rise me. So I had some support from the the government till the end of my education there.

Thanks anon

>>1876679

Whale is an inappropriate term. The correct word for them is "asset dense faggot"

>>1876679
When BTC went down many moved to ETH.
This happened because of china's beat down on chinese exchanges and because of bitcoins internal instabilities and politics.
If bitcoin is split its possible ETH will become even biger and BTC holders will move to ETH.

File: fork_.png (209KB, 1200x1200px) Image search: [Google]

209KB, 1200x1200px

>>1876704
@VinnyLingham
Danger on the horizon. If Bitcoin forks, all bets are off and we can kiss $3k BTC in 2017 goodbye...

>>1876671
Growth stocks have outperformed dividends for awhile now grandpa.

>>1876676
Seriously, this post-2008 reach for yield is so fucked up.

Because I rather get 100% returns on penny's stocks

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>>1876647
SAVE THE QUEEN ATTEMPT? EVENTUALLY YOU GUYS WILL FLIP TO ETH LAND.

hodling PIVX to make some actual profit, but thanks and better start praying

>>1876647
sell sell sell

Stay salty.

>>1876556
remain saline.

>>1876556
> Nocoiners

Sage.

>>1876541
*XEM

>>1876541
I'm poor. Once I start getting monees I'll probably buy whatever /biz/ mentions. If you threw $1000 at every coin /biz/ shills, XMR and ETH alone would have put you in the black 10 times over.

is this another memecoin i can add to my filters?

It's better to just buy the coins outright and wait.

>>1876514
A lot of the more valuable coins don't use SHA256, and I can only imagine newer currencies that want to protect their distribution will continue to use newer algos or create their own to prevent BTC miners (who will be out of a job after the hard fork) from using their million dollar farms to snap up 100% of a currency.

>>1876543
I just did some quick math and you buy 10 S9s for 13K usd, you can produce 70$/day in PPC
Itll take around half a year to get your 13K back and from then on its all profit. Seems easy enough and more lucrative than investing in shitty coins and hoping they go up

>>1876504
http://www.financialwisdomforum.org/forum/viewtopic.php?t=113948
http://forums.redflagdeals.com/electronic-funds-transfer-deposit-canada-my-bank-account-1286520/

Those suggest the Canadian government is giving you a couple hundred every month. Any idea why?

Tax refund? Autismbux from a form you filled out, not knowing it'd be neetbux? Student loans?

You probably don't have to pay it back unless you're inadvertently committing tax or benefits fraud.

>>1876515
No neetbux and I've never held down a job for more than a month so I've never filled out taxes.
If I dont pay this money back im facing a fraud charge?

>>1876515
>>1876534
Also forgot to note that I haven't taken out any student loans. My guess is though that this is some sort of college fund that has been going on since my birth. But then why would this money be in my account and not my parents. I'm really paranoid bros

File: Vanguard.png (92KB, 1024x289px) Image search: [Google]

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VTSAX, VTIAX.

That's all you need because bonds are for pussies and time's better spent chasing tail than chasing returns.

>>1876443
VTIAX seems to have not grown at all in 10y

Am I missing something?

>>1876470
These things go in cycles. Some decades the US outperforms, other decades international equities outperform.

Not to mention those assets being overseas acts as a buffer against any domestic inflation or stagnation or whatever.