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Archived threads in /biz/ - Business & Finance - 5995. page

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Establishment politics, particularly neoliberalism, seems to be in a state of disarray. First Brexit, then Trump... the popularity of far-left politicians like Sanders and Corbyn, and the rise of the far-right in Europe... it's definitely feasible that the EU could collapse within a few years, and that the neoliberal order will be sent reeling.

What does this mean for investors? Will currently-held stocks collapse in value? Is there any way to profit from the current political uncertainty?
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>>1817081
Yes. Get as much cryptocurrency as possible
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>>1817081
>it's definitely feasible that the EU could collapse within a few years
If by collapse, you mean break up, then barriers to trade will increase, and profits will decrease due to taxes and tariffs.
If by collapse, you mean collapse, then we might see relatively safe companies fail. Use the Soviet Union as an example of collapse.

>What does this mean for investors? Will currently-held stocks collapse in value? Is there any way to profit from the current political uncertainty?
If the Soviet Union is any indication, many companies will be liquidated, with management and insiders taking as much as possible and smaller investors stuck holding the bag. In that scenario, there probably won't be any legal recourse.

The West needs immigration to keep its fertility rates (and population growth) up. Business formation is down, and technological innovation has slowed (in my opinion). The government is increasingly bulky and useless. All the analogies of dying civilizations are there. The elites can maintain the status quo for a few decades, maybe more if Trump and Brexit coincide with a crash.

The question is timing. Through Balkanization, some areas may be decent for centuries. The Byzantine Empire survived for centuries after Western Rome collapsed. Nothing will happen in the next ten or twenty years, but beyond that it's anyone's guess.

I think China has a future if their people revolt against the government and force reforms, and the middle class is growing enough for such a revolt to be possible.
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>>1817311
Why are people so concerned about ensuring continuous population growth? If people are having fewer babies, what's the problem? I'm guessing it will harm big businesses somehow, seeing as they all seem very keen on these open-door immigration policies.

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>company announces they are replacing entire department with Pajeets
>Severance package is contingent upon current employees assisting in training of the new employees

I thought Trump was going to stop this shit
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>>1816967
Try to get Trumps attention. (Tweet him) He loves to get involved in this type is shit. Unless its only like 10 people.
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>>1816975
>implying Trump actually gives a shit
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>>1816967
Seriously consider this >>1816975
Worst case scenario, you just shed light on USA workers being put aside for pajeets and cause some indignation.
Best case scenario, Trump takes notice and goes apeshit on twitter with your soon to be former employer and they rethink their actions, also, they get burned and labeled as "anti american" or osme shit.
Both ways you at least get to laugh.

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How can I pay with play money?
I'm thinking like getting free food, free clothes, free prostitutes etc.
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You give them the fake money and hope they don't notice. What the fuck kind of question is this
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>>1816909
You get good fakes and then you exchange them for services. Maybe mix it in with real money.

What the fuck else answer would there be for how to use counterfeit currency?
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>>1816912
>>1816913
I am hoping for some advice on how to up the odds that someone believes it's real money. Like, making sure they only look at it briefly or put it into their pockets without inspecting it.

I am also hoping for some advice on what to do if I get caught. For example I fuck a hooker, give her a worthless 200 Euro bill, but she looks at the backside, realizes it's fake and calls her buddies. Or a cashier calls the police.

How do I get a job and stop being a NEET?

My mom keeps bugging me to get a job. I don't know what to do. I'm okay with any job, should I just apply to all the fastfood places near me?
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make money online.

Do some research and find out how to make interwebs money
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>>1816849
All of it seems like scams though, do you mean like affilitate marketing and drop shipping and cryptocurrency pump and dumps?

Seems pretty uncertain and not that great money desu
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>>1816831
Go to your local Union hall and get into an apprenticeship program. Most places will cover most of the cost of any classroom program and as an apprentice you will immediately get to work while getting paid for it. Once you become a journeyman in your trade after a couple years you'll be making sweet middle class money with the satisfaction of making things with your own two hands and the physical benefits that come along with it. And you'll have plenty of free time to post stupid threads on here

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Redpill me on IRAs

I've seen a lot of Anons say that it's extremely low-risk, relatively high returns, and overall a practical long term investment.

How do they work? What's the catch? How do I invest? Which IRAs have the best risk/reward ratio?
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I believe an IRA is just a container, not an investment. You can put a lot of things into an IRA and they all behave differently.
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>>1816717
you put in money and it is tax exempted.
risk is same as any other portfolio based on what you choose
you can withdraw early but you get penalized on anything you withdraw unless you are correct retirement age
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>redpill me on x

just kill yourself. why should i care about your future?

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I thought I would ask you guys

Why are department stores everywhere closing?

Sears, Macy's, JC Penneys. What the heck is going on?

Surely internet can't be replacing all retail. I dont like shopping by internet because I cant physically inspect what I am buying and have to rely on the chimpanzees the delivery companies hire to get it to me safely if at all.

I also read that malls are going to be more focused on 'entertainment', which I think is code for making them even dumber and 'equal'. So the great suburban retreat is ending I guess, and shoot outs at malls will be more common.

Iirc, malls came about because downtown business districts were becoming slummy. So I guess the slums are coming to the malls.

All very strange. Its only a matter of time before malls become subsidized 'community centers'. And then get the wrecking ball.

tl;dr- I guess everyone stays home from now on
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>>1816643
>Sears
Troubled finances for decades (at least since the mid 1980s)

>Macy's
Too many acquisitions in the 2000s

>JC Penneys
Don't know about this one.

>I dont like shopping by internet because I cant physically inspect what I am buying and have to rely on the chimpanzees the delivery companies hire to get it to me safely if at all.
Smart people think like this. However, the majority of America isn't that smart. So they'll buy cheap Chink shit from Amazon and shout like apes when a delivery "driver" wrecks their item.

>malls came about because downtown business districts were becoming slummy. So I guess the slums are coming to the malls.
TRUTH. Everything is moving back downtown.
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>>1816654

Thank you. I dont follow how anything could move downtown though. Maybe its different where you are. All the town and city cores I see are broken down wastelands of government offices interspersed with fast food and government housing with some attraction being propped up as local culture. Its almost feudal; the banks and government offices within blocks of the police station (the kings men), some cheap diners for them to eat, half of which close after lunch, then surrounded by housing projects and booze joints.

Then there are summer festivals suburbanites converge on, ostensibly to make them feel urban and to make the bank-spotted slums resemble something less apocalyptic. Usually there is some 'hometown pride' theme, after which everyone flees back to the burbs.
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>>1816654
When you buy things online from a big retailer you can return it for free. Prices are also usually much less. Online is better in a lot of ways

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Is bitcoin worth investing in ?
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>>1816637
yes
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>>1816652
Why? i heard a lot of people saying its not worth it anymore and the value is gonna go down soon.
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>>1816655
it's gonna moon up to 3k+ this year almost guaranteed. If you're still on the fence just buy half for now and see where it goes. Deal?

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I'm an actuary and part of my job requires me to memorize books of investment strategies, mostly option strategies, and hedging strategies.

However, I don't actually have any brokerage account of my own or anything yet.

If I decide to open some account with some brokerage firm, say TD Ameritrade, will knowing all these options strategies be helpful?

It's like a football player who has memorized a bunch of play strategies for different situations. I've had to take tests on them and everything so on paper I know how to theoretically respond if the market does something, but I want to know if this is practical or not.

Can I make a decent amount of money just trading in the options market? Obviously I understand the risk, but I just want to know if it makes sense for me to apply all the book knowledge I've had to learn on this.

(I'm going to practice with simulators and all that first, so I'm not going to dive right in.)
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I realize this board invests in little more than Bitcoin and Robinhood stocks but I still want to know.
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Theory helps you prepare, but practice will always hurt the first few tubes around (for your football analogy, the first tackle you get will ground you because your body will be in shock).

My advice, start low, with little sums of 250 to 1000$ (or whatever "low" is for you), to get the hand of it. Learn the unexpected bits that theory will have not prepared you for. After about a year, you can go in full retard.
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>>1816567
>If I decide to open some account with some brokerage firm, say TD Ameritrade, will knowing all these options strategies be helpful?

to a limited extent in that you have more 'options' with regards to how to profit from a particular view

though knowing some options strategies isn't necessarily going to give you any inherent advantage above simply knowing how to go long or short - you still need an edge and there is still no free lunch

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Does bitcoin gold parity actually mean anything?

Or is it just a symbolic milestone that will result in a bunch of press coverage? (which in turn is good for bitcoin price

Bitcoin gold parity is when the price of 1 bitcoin corresponds with the price of 1 ounce of gold.
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>>1816396
All the elite investment banking firms and super wealthy banking families will convene and officially declare Bitcoin the new reserve money. From here on out the petro dollar will be backed by Bitcoin futures contracts from anticipated mining. All the reserve banks currently holding gold will give it away for free. Everyone who adopted Bitcoin early will be the new power-elite.
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>>1816396
it's good publicity
i can see the titles already
"BITCOIN SURPASSES GOLD"
"BITCOIN REACHES GOLD PARITY"
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>>1816414
or
"BITCOIN AND GOLD AT PARITY"
"PARITY BETWEEN BITCOIN AND GOLD"
"BITCOIN PARITY WITH GOLD"

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ITT: Making money with Ponzi.
I almost doubled my 1,5 bitcoins with the Hash Ocean, the secret is getting the ride soon, a lot of people make +400% profits on hash ocean before they disapeared with people's money.

What are the Ponzi bitcoin schemes you know that really pays?
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>make
Made.
Fix'd.
>>
What do you think about Bitmagnet and Gladiacoin?
Both are still paying.
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You cowards won't even bet high.

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Any good /biz/ approved reading material?
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bump^
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>>1816212
Influence: The Psychology of Persuasion by Robert Cialdini is a great read if youre into sales tactics
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>>1816212
What exactly are you looking for?

So Good They Can't Ignore You - Cal Newport
Thinking, Fast and Slow - Daniel Kahneman
E-Myth Revisited - Michael Gerber
Zero to One - Peter Thiel and Blake Masters
Antifragile - Nassim Nicholas Taleb
How to Fail at Almost Everything and Still Win Big - Scott Adams

That's just a few I see in my bookshelf right now, with countless sticky notes in them.

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What's the best chance to go up 10x in cryptocurrencies?
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GNT
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>>1816153
ethereum
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>>1816153
PEPECASH

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If programming used to be the very high paying and high demand job in the late 90s and early 2000s, which new career field is the high demand and high paying job out of college for the 2020s?

Im talking 700 k starting salary range.
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meme stock trader
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>>1816106
There isn't anymore. That's why everyone is depressed or settling on more important things.

We've actually made to the point where every field is saturated
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Data analyst

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>tfw bought $1k worth of btc at $900
>bought trumpcoin
>lost all of my btc when tc crashed
>tfw could have made over $300 if i stuck with btc or cut my losses with tc
>fuck
what now? I still have one third of a btc left
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>>1816023
kill yourself
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>>1816034
no
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>>1816023
Thats pretty much me, just add
>sold TC for 250$
>bought lepen
it's like watching your money melt

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I'm in an unusual position.

I have extended family who are wealthy, with the base of their fortune coming from oil money and rolling through other investments. I should have inherited some measure of it, but my father's father married a non-Catholic and so they were cut out of part of the will... but not all of it.

Some time ago he was presented with documentation offering him a small annual stipend from an oil company pumping oil out of our land. He signed it because he is a fool, but the company has not been paying through the law firm that they contacted us through, and so I have confirmed two things:

1. I still have a claim to the oil and the oil money.
2. They are in breach of contract, discarding the foolish agreement that my father made. It was probably unconscionable to begin with, but now they are in breach.

I am at a juncture. I can do what it takes to go and get that money, and probably shake down my distant cousins in a civil settlement, but I make some serious enemies if I do this. How would you go about this?
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>>1815894
Well, fist off is it your dads shit or yours?

Cause if its not in your name you cant do shit.

If it is or your pops is fine sueing family i'd go after the company. First make sure your dumbass dad didnt sign rights over to cousin bob on accident or some shit. Oil is so bad right now you may own a new company.

What percentage are they paying btw? Or supposed to be.
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>>1816660

Dad's, but he's in his 60's and if I get the ball rolling legally he'd probably sign off on whatever just so I'll stop bugging him.

I need to figure out who is behind the company. If it's "cousin bob" as you put it, then I need to know that. If it's a front for an oil company that rolled everyone they could then cut a fair deal with everyone they couldn't then I need to know that too.

There is no percentage. It's literally in the hundreds. My father is a dumbass who was willing to accept giving away a significant chunk of inherited mineral rights for hundreds of dollars per year. He has no financial savvy at all. Everyone he knew told him to check it out before doing it.
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>>1815894
Shoot your father, spend the next year staging a big search for who done it, whip the entire nation into a media frenzy, sell T-shirts, announce yourself as the culprit, then reveal that it was all a dream.

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