Archived threads in /biz/ - Business & Finance - 6055. page

>>1788491
Ignorance =/= stupidity. That said, I have no fucking clue.

Did you choose any investments for your Roth?

>>1788514
I don't think so.

Right now there is a pie chart on my page that is 100% Short-term reserves. I'm guessing there should be some stocks and bonds in that pie chart, but I don't know man.

lol gl u gotta know the right plp

>>1788500
Even when buying straight from the owner, leaving banks and everyone out of it?

If the money is in an untaxed fund like an IRA or solo 401k, there's no problem. Hell, you can even get a mortgage on it if you can find a bank that does non-recourse loans.

This is what I may do soon.

>>1788442
What I am going to say seems meme worthy, but if you play the ups and downs and labor situation and are ready to move and put in real work, it's worth it.

>obtain EMT and work for ambulance company or fire district in reserve or volunteer position
>complete a bachelor's in Paramedicine/EMS or a Fire Engineering degree
>(there are a handful of these programs nationwide)
>Test for West Coast Fire Departments (in Union and labor strong states and locals)
>go to academy, get through probie year and first few ranks.

Never gonna be rich, but 10 years in at age 28 I work 75 days a year (I use my vacation but could work 100 days a year and cash in at end of yeae) and make $84,000 a year with God tier benefits
>0 deductible, 0 out of pocket, no annual limit cadillac health plan
>pension
>matching financial products 457s
>discounted services

Also that $60 an hour overtime if I fart at work, usually make additional $30,000 a year if I'm not travelling.

Currently nation wide there are fucking hundreds of fire jobs available and it's only going to get better. Kids these days are fat, have criminal records and poor work ethic, they literally cannot find qualified candidates.

Makes for a good bachelor lifestyle if you know how to live within your means.

>>1788496

I'm the OP. Very jelly of you anon. I would drop my current job and become a firefighter anyday Undortunatrly it would require going back to school for years where I live.

Firefighters have always made a good living in a lot of states. Most people sadly (luckily?) don't realize this.

Police officers in major cities outside the South and in East Coast cities make bank too. Your average Chicago cop makes over 90K a year and a comfy pension at age 55.

>>1788442
I don't think most Ivy League schools even offer finance or accounting, most employers only care about certifications for those

>>1789074
why not

>>1789078
Because people will fuck you over all the time and ebay doesnt do anything about it. I know people who actually lost money selling stuff on ebay because people complain and want their money back and of course you have to pay for shipping and all that and then maybe you get your item back in one piece, if not its your problem. Do not even bother,

>>1789086
The trick is to sell shit that's cheap (e.g posters, stickers) so if someone does complain, which is 1 in every 50 customers, you only lose maximum $10 in stuff.

Bump. anons.

I might put $5000 into FB and $5000 into Google.

>>1788375
let us know how that works.

i wouldnt suggest it because of my reasons obviously, which is 1. stock market should crash anytime soon now 2 fb and google are going down and bad stocks imo

>>1788736

What do you suggest?

File: image.jpg (540KB, 1500x1200px) Image search: [Google]

540KB, 1500x1200px

Has*

China is a horrible place. Learn the language of a country you would actually like to work in given the chance.

Pic request of anon who regrets learning mandrin

>>1788135

The US Treasury sells them direct online now.

>CAPTCHA: Jewson Carnice

>>1788141
>online

What if I want to give it to my nephew who just turned 1?

>>1788147
they probably still send you the actual bond, you can buy a lawnmower online, now that I told you that are you gonna >online
What if I wanted to mow my lawn?

>>1788109
DRYS and don't look back.

>>1788109
Get a 401(k)

buy PIP on the next dip

Put it all in pepecash

Put 2500 on Take Two stock - GTA,NBA,WWE are strong and keep poses the company value.

>>1788068
1) delete amazon and netflix
2) get a credit card and pay off shit with that money
3) get rid of ur car
4) don't day trade just use robinhood and cash in on quarter results

>>1788065
NVDA PLS

File: 1473028940868.jpg (533KB, 1000x1062px) Image search: [Google]

533KB, 1000x1062px

>>1788069
You'll be dining on the Moon

GOLD'S FINALLY RESTING ABOVE $1200 AGAIN FUCK YOU YELLEN

If someone had a scam like this - why the fuck would they tell anyone about it? Sorta defeats the purpose of having a scam that's very profitable and impossible to get caught at...

>>1788035
suck dicks but you didn't suck with full pressure.

>>1788035
Banking.

Two weeks ago I started investigating on what is the „best“ way to save it, inflation seems to eat a part of it away, regular bank accounts give you roughly zero interest here in the Eurozone, so even „putting it to the bank“ just leads to loss, a big „incentive“ for me to save money is, in order to have a safety cushion if I run into trouble, but an even greater „incentive“ is, that I was given the impression that you can actually grow your wealth by saving. (stock prices going up, dividends, interests etc. etc.)

So zero interest Bank accounts are ruled out for me.
Even long-term savings accounts in Germany give you only 0.3% interest rate, while inflation in 2016 has been 1.68%.

10 year bonds of Germany have 0.31% interest rate, shorter term bonds even tend to go into negative interest rates!
Even the „PIGS“ bond interest rates are at:
Spain 1.66%
Italy 2.18%
And thus close to the Inflation rate we face here.
Greece is at 7.94% (This seems like a highly risky bet.)

US treasury bonds are at 2.4%
How will trump affect this?
Those are denominated in $ not Euro!
I have no clue how the exchange rates will develop, how GDP growth will develop.
USA has a debt to gdp ratio >100% and rising, Eurozone a debt to gdp ratio <90% and falling.
GDP growth in 2016 have been similar, 2017 GDP growth of the Eurozone is set to outpace USA.
How stable is the $-Euro exchange rate?
Trump claims he wants to bring manufacturing bak and lower the US $ to Euro exchange rate!
This would mean I'd lose „bigly“ when I hold US treasury bonds and the US-$ drops.
Etc. pp. And I'm only beginning to understand how these things work, and I know that I'd probably need years of finance school education,

which I won't receive, and I know that the ones active in the field aren't interested in my financial well being „principal-agent“ Problem and „moral hazard“.

Now my problem is, that I feel like most financial advise I read on „internet news“ as well are bullshiting, either people trying to influence things for their own advantage, earning on fees, selling their books, or simply trolling.

Financial advisors at my bank I don't trust at all, my aunt is a banker herself, even she tried to screw me in the past to gain fees, the father of a costudent of me earns his living by financial advice/deception of medical doctors.. so I heard my fair share of stories on that.

I also understand that I'm not competent to predict stock prices or to pick stocks, even if that would be humanly possible in General, others know far more, and dividends aside this is a zero-sum game where the smarter/more qualified actors would gain wealth from those less able.

The trade in derivatives, commodities and currencys is dominated by automated trading done by software operating at fast devices close to the exchanges, and only the fastest of those make money off the others, and regular investors.


So that leaves to me assuming a perfectly unpredictable financial market, where I can at least earn roughly equal to world GDP growth by investing in an index fund that trys to closely match the global economy.
The overall fees are at least 5% of the final value in there at index funds I saw, in addition to a 26.375% tax on any capital market gains in Germany
Also the money I put in faces the currently ~1.7% inflation
As of 2016 the gross world product growth is 3.08%, so ~3% growth.

Assuming I invested my
1000 Euro + monthly 210 Euro at 3.08% interst and 1.7% inflation, and those 2016 values are similar tot he future that would be inflation adjusted 1.38% growth..
after 20 years:

>>1787944

This would give me 54047 Euro inflation adjusted output, at 51400 Euro saved
A mere cumulative real interest of 5.15% per 20 years.
In other words: „Save 244 months, and get 12 months worth of savings for free.“

This seems ridiculously small.


So what am I not seeing?

>>1787863
You're poor and made under 8,000 in a year, you don't gave to pay shit. Go with an accountant so the help you out.

>>1788027
this is essentially true, except you owe self-employment taxes on all 1099 earned income.

self employment taxes are about 15%, there is no personal deduction.

so OP if that's all you earned you'll likely owe about 15%.

>>1788050
to clarify, if you made less than $6,300 your tax rate is 15%.

if you made more than $6,300 your tax rate is 15% PLUS the regular rate. So typically your tax rate will be about 30% on self-employment income.

you'll notice your boss is probably screwing you by making you pay taxes that he technically owes. If he paid you by the hour you can probably turn him in to the IRS for tax evasion and not owe any taxes.

because if he paid you by the hour there's a good chance you're an employee, not a contractor, and you shouldn't have to pay any taxes.

>>1787859
What kind of service administrator? I'd say depending on how big they are. If they are a mom and pop company with less than 100 employees then do it, but don't be an autistic snobby bitch about it. If they are an actual company with actual employees, don't. It'll just piss someone off.

>>1787859
What was the grammatical 'error' Maybe you're just retarded in which case you shouldn't mention it

>>1787869
Spelled "English" with a lower case e.

>>1787822
first you go to r9k

Be a dick to your business partners.

Shaft everyone.

Take credit for others work.

>>1787838
The word you're looking for is "leadership."