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Is there a possibility of online commodities like Bitcoin or Litecoin being suitable standards for money or for being the exchange-standard for money, seeing as they can balance each other through market stability, much like Gold did with Silver or the dollar in the past? They also have a very high liquidity preference under Keynesian economics because of the low output and carrying costs.
Yes/no?
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>>1774868
Well which one do you think is feasible within ten years? Money? Or the exchange-standard?
Twenty?
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i don't know
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>>1774888
Ethereum
Anonymous
Tax Cuts and Deficit Spending 2017-02-04 02:54:47 Post No.1774818
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Tax Cuts and Deficit Spending 2017-02-04 02:54:47 Post No.1774818
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Tax Cuts and Deficit Spending
Anonymous
2017-02-04 02:54:47
Post No. 1774818
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Does it work?
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It profits the private sector in the short term, but in the long term it makes the economy less stable.
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H Y P E R I N F L A T I O N
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depends on how much bro beans
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BUSINESS IDEA:
What if we made a /biz/ group and collaborated to give terrible, negative reviews on a decided upon business and then contacted them extorting them for payment to remove the negative reviews, and additional payment for positive reviews?
I think this could constantly work if we tried it on small businesses.
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isnt extortion illegal. im a good boy
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>>1774800
A guy in a suit would knock on your door and give you a warning.
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>>1774800
Better idea:
Start a network of people working in the world of finance to generate rumors and "tips" with the purpose of sinking businesses or launching them into success.
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So which % of money should I use for basic stuff (food, housing, education, etc), which % for non-basic stuff like clothes, entertaintment, etc and which % should I save/invest.
Also Im just a normal 20 yo guy that studies medicine (Im from Europe so I dont have to pay for education).
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>>1774706
Forgot to say that since Im just a normal guy I dont know shit about how to invest my money.
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Depends on your GDP
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your first goal will always be saving 10% net income. upwards of 40-50% saving will allow you to retire comfortably in a reasonable fashion. anything above that allows you to pre-retire in your 40s-50s, assuming you dont plan on living above your current means
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Hello. First time here.
I'm going to university soon for 4 years. The uni I'm going to expressly tells students not to get any jobs (except for holiday ones) because they want us to focus on our studies.
Is there any way to supplement my termtime student stipend without getting an hourly job? Like, freelance work or something? I'm a mathematician, I dont know if that qualifies me for anything...?
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Your university is fucking retarded.
You'd be retarded not to work at least part time. You'll have a lot of down time, especially during your last two years.
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>>1774607
its a very good university i think. they say the policy is needed because otherwise nobody will be able to keep up with the workload.
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What school tells students not to work?
Hi,
Who can give me a class or some stuff (not wikipedia stuff) about Austrian Economics?
Why Austrian Economics should (not) be taken seriously?
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Almost no math whatsoever. Just like Marxism.
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I don't really support Austrian Economics but here's a short list.
The Road to Serfdom by F. A. Hayek
The Common Market the case against - Enoch Powell
Bernie Sanders is Wrong - Tom Woods
"Karl Marx and the close of his system" - Eugen Bohm Bawerk
Socialism + Human Action - Ludwig von Mises
Jörg Guido Hülsmann: Mises: The Last Knight of Liberalism
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>>1774515
Economics in general is bullshit and backward looking.
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What could I do with my £5k savings so i could have some extra money on the side that would reward me short term?
I have a diversified skillset, I can learn to wo work on anything easily.
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>>1774438
open a forex account and trade
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>>1774445
Doesn't that require 24/7 attention to it?
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>buy cheap mdma
>sell at higher price
profit
here ya go mate
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Hey /biz, I just want you to know that time here isn't all wasted. I found out about Pasalcoin when it was still cu mineable, mined a little over 10,000 coins, then sold them all when it got listed on Poloniex and made about $10,000.
So, lurk here and keep your eyes open. Opportunity is out there if you keep at it.
Cheers!
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Why did you decide to mine this shitcoin out of 9999999 others?
seems like you had luck
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>>1774393
Not really, I mined it too ; it was so heavily shilled on /biz/ with Zcash and everything else in september that I figured "why not, costs me nothing"
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>>1774393
Yeah my biggest regret is not mining zcash as well. I mined it because it was the only coin that I came across at the time that could be CPU mined. Actually i'm pretty sure most shitcoins are difficult to mine or are just PoS at this point, so there really weren't a lot to choose from.
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>Option 1: I get a job, but it will most likely be a shitty dead end one because of my 0 connections and no work experience. I will have to wake up half dead at 6 am in the morning every day, miserable and depressed, work 15 hours for barely minimum wage while watching chad fug stacies, run marathons for charity (which he hosts), all the while just doing 5 hours of real work which tbf will be enough to make him CEO one day. I will also have to pay 70% of my salary in rent, 20% in travel expenses, and the rest in whatevers left to prevent me from killing myself.
>Option 2: I continue being a NEET and get to wake up anytime I want, eat anything I like, and play video games, watch movies/anime all day long; with the only downside being having to endure my parents shout at me for being a failure in life every once in a while.
You tell me which is the most logical option to choose from here
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>>1774238
Loser mentality. You're going to go with option two anyway you slice it, so fuck off and stop spreading your bullshit to others.
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>option 3: get comfy night-shift job paying $15/hr, continue living at home, invest half your wages, and go to school part-time in the day.
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>>1774273
This is just like option 1 though
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Finance questions:
I just moved to a new city because I graduated and I got hired at a pretty awesome job
I am currently making 50k a year and I do not have any type of student loans
Since I moved to the city I have nothing in my apartment except a bed.
I was planning on buying a couch and a nice T.V
If I put both the T.V and couch on my credit card and it takes me a month + 2 weeks to pay off the entire debt.. will that hurt my credit?
I know I should pay it all off before the end of the month but I feel like if I pay 80% of it off within the month and the additional 20% within the next 2 weeks... I should be ok, right?
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>>1774211
just get a 1 year 0% apr card. spending money on credit always drops your credit score.
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>>1774261
It actually helps your credit card score if you pay it off that fast
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>>1774211
Why would you not just wait 2 months to buy those things
Money (ID: !!rPWIwzqJ5rV)
Legitimate Financial Advice 2017-02-03 09:06:01 Post No.1774179
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Legitimate Financial Advice 2017-02-03 09:06:01 Post No.1774179
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Legitimate Financial Advice
Money (ID: !!rPWIwzqJ5rV)
2017-02-03 09:06:01
Post No. 1774179
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>25 year old Finance undergrad/masters grad
>work for undisclosed bank in lower-wealth management
>essentially work with accountants to help middle class families get their finances in order
>often family-planning style work, answering questions on how to invest for a child's college fund, paying off debt while still building up retirement, etc...
So I thought I would actually contribute here in my own thread. Going to make these once a day (assuming the thread is autosaged or off the board)
Ask any questions related to beginner/intermediate finance, investing, debt management, financial planning, etc. and I'll try to et you a detailed answer by the end of the day.
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Vanguard makes you obsolete.
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how much do you make? do you see many math majors in finance?
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>>1774179
So the basic advice I always hear is
>pay debts before investing, in order of interest rate
>have enough liquid assets for a few months of bad luck
>look at tax advantages
>index funds
What's your take on this? Whats your first few points of advice beyond that?
Anonymous
IMDB forums are shutting down. 2017-02-03 06:43:41 Post No.1773907
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IMDB forums are shutting down. 2017-02-03 06:43:41 Post No.1773907
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IMDB forums are shutting down.
Anonymous
2017-02-03 06:43:41
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Is this an enormous opportunity for anyone who combines the IMDB API with a forum functionality?
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>>1773907
No they're not.
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>>1773932
http://www.imdb.com/board/announcement
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>>1773944
wow what the fuck? Why is there no big news about this? They're throwing away almost 20 years of history, even if it's just people complaining all the time. This actually bothers me.
Cash in on this man, no one wants to fucking transition from a forum to Facebook/Twitter those platforms are not sufficient for actual discussion. Create the next IMDb message board.
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>When you realize that your process can be tweaked to crank out 25 barrels of refinery compatible crude oil equivalent bio-fuel per day as mere byproduct per production facility
I'll see you guys on the moon.
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>>1773816
what are you talking about
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>>1774464
I have figured out how to combine hydroponic cash crop production, bio-fuel production, and solar energy production in one cash cow of a facility.
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>>1774470
So a hydroponics farm, with an algae lake and solar panel roofing?
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How do you leverage the situation of having to go to an okay-tier-school?
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>>1773722
Back to flipping burgers, bitch.
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>>1773722
Because unless you go to Harvard or Yale or whatever it don't matter
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>>1773722
It depends on what field you are in.
Otherwise, get a job with whatever company in your field to gain credentials, then start applying to higher level jobs afterwards. Or utilize your alumni network.
I went to an okay state school and ended up getting a job at a company because the owner and I shared the same alma mater and had a lot to talk about.
Hey /biz/, redpill me on why it's worth studying business (and finance) over medicine.
I am currently studying Business while having decent grades, but I'm kinda unhappy with it.
I feel like medicine, despite the lower salary, has much more to offer and I won't be unhappy forever with it. But I don't know whether the grass just "seems" to be greener on the other side.
Halp
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>>1773697
Medicine is too much commitment. You can work in the medical industry without being a doctor anyways. Look at Martin Shkreli for example.
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>>1773742
Thanks for your reply
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Going to school for business is like learning how to drive by reading a book. You're already retarded.