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Archived threads in /biz/ - Business & Finance - 6157. page

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I'm currently speaking to two recruiters about joining the military, one Naval Officer Recruiter and one Marine Officer Selection Officer

I'm really into the idea of building a ridiculous resume (degree in finance, minor in comp sci currently) before I head off to law school, on top of enjoying the idea of going officer for 5~ years of my life.

Now, normally this decision would be a no-brainer and I'd go for the Marines due to the weight that the branch has over the others, but I was recommended to speak to a naval recruiter for something that has equally drawn my fascination -
Become a JO (jr officer) on a Submarine.

I qualify for the program with my score on the ASVAB (and on the other hand qualify for interesting Marine officer positions like intelligence), and the Naval recruiter is suggesting that I'd be good at it if I can stick to heavy, heavy studies during my year of training.
Which one would YOU choose if you were in my position?

(My thoughts in the next post)

>inb4 die mil
>pic unrelated, just draws attention with the gut check hatred
16 posts and 5 images submitted.
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>>1739410
Now, this is how I have everything broken down:

PROS OF SUB
>Cons of SUB
I would be able to have several years worth of nuclear/engineering certifications by the military.
>due to the continuing education nature of submariners, I would be in for a minimum of around 7~ years
Working on a nuclear submarine as an officer is a POWERFUL fucking resume builder
>life is miserable on submarines while deployed underwater for potentially months at a time at sea/under the surface
>the daily schedule is hell, practically no sleep and 24/7 work and study while deployed
Its a cool story
>promotions only occur from continuing education


MARINE PROS
>Marine Cons
Marines carry a more masculine sense of respect, which is a valuable tool in the law world (planning on law school as my final plan for life after service)
>Marines are also seen as brutish jar heads despite looking like a leader
My tolerance for stress and other people will be at all time highs after Marine service
>High potential to be promoted, minimum of two guaranteed promotions in my first 4 years
Wider network of 'friends' and connections, vastly more marines than submariners after all
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>>1739410
If you can stomach the sub work and lifestyle, that wins hands down. Most employers would hire you from genuine curiosity if you ended up switching from "nuclear engineer" to lawyer
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>>1739410
Basically you're a huge fag for wanting to go straight into being an officer. Either way you'll be an intolerable human if you don't die. Learn some some humility, Elliott. Pick the path that will teach you that and hopefully die

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How do I become financially well off (or at least have a decent job) if my family has no contacts to an industry? I'm doomed right?

Current residency is Germany.
16 posts and 2 images submitted.
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Make money
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>>1739396
ty kys now
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>>1739381
Make lots of money.

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>make a $300 profit (30% return) on a $1000 investment
>someone would have made a $30,000 profit on a $100,000 investment on the same stock

Just end me now...
12 posts and 2 images submitted.
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>>1739353
get a loan. pawn your shit. ask for money to your family.

if you are confident you can do it. just do it.
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>>1739353
Double that $1300 in one month to $2600. Do it 7 months in a row, doubling all your investments, then you'll have $166,000.


But you probably just got lucky, enjoy the wage-slavery.
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>>1739353
this works at any level of investing
accept this and the capital gains that go with it. Just keep in mind you don't know how much risk they put in for that 100,000 investment. Did he put everything in, thus risking his entire savings? Is that only 5% of his portfolio?

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When is PTN going to finally be bought out? I'm sick of bagholding this shit.
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Why would anyone even want this drugs
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>>1739328

old people who want to fuck
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>>1739539

except they don't want to fuck

It's like a catch 22, except instead of getting out you can't get in.

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Bruh.
>"excellent" performance review, which they tell me is rare
>promotion
>0% raise
>4% bonus

Their justification is that because I got a raise from their voluntary compliance with FLSA a couple months ago that I don't get one now

So here I am, a top performer still making minimum.

Looks like I'm headed to Wells Fargo in the near future.

How'd you all do?
16 posts and 1 images submitted.
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fortune 50 company
5/5 rating (about 1 in 40 ppl get it)
bonus: $40k
long term incentives (stock that vests after 2 years); $30k
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>>1739324
Oh ok. I'll just go kill myself now
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>>1739469
i've paid my dues for 15 years at the company.

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guys i have a question to make

my father just spent a few money on swisscoin,which is supposed to a cryptcurrency

he invested some money into swisscoin because he believes that he will make back some money (just like with bitcoins)

but i have heard around the internet that swisscoin is not actually a crypt currency,but it is it's own thing

can you guys confirm ? did my father just got cucked ?
6 posts and 1 images submitted.
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>>1739302

Yes, it's a scam
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>>1739348
good,now how do i tell my father the difference between swissscoin and an actualt cryptcurrency ?
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It's an MLM type deal isn't it?

Some big choyna MLM crypto scheme just got in trouble but they did make a billion I believe before getting shut down. Didn't get in trouble though.

Just tell him to get in and out if he's some adamant on "investing," into it.

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Can anyone do a bro a favor?
Need to buy bitcoin instantly but already hit my card limit
Can anyone send some bitcoin to my address , and I'll venmo you cash or something
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>>1739260
What could possibly go wrong?

If anyone falls for this, they deserve it.
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>>1739260
I know it sounds ridiculous but it's worth a shot
If anything, I'd venmo the money first
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>>1739260
Also coinbase, the site I use, is annoying as fuck, only reason I have a limit is because their ID verifying system is garbage (even they've acknowledged it). That's why I came here

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For trading the general idea is that being good at it is a game of knowing markets and knowing math with a whole lot of experience accumulating over time to serve as the cement. Markets represent the knowledge of trading instruments, different styles of analysis, risk management, emotional control, and the more holistic although still sometimes quantitative aspect of tradings. Math is obviously the math. I consider myself pretty good at math (I've never run into a concept I couldn't learn given enough time) but the field of math is enormous and I have never used anything above maybe absolute basic calculus in my trading operations and even then more as a way of conceptualizing ideas than actually differentiating or integrating. In fact, I think I use statistics more than anything. Nevertheless, I have some free time to develop myself a bit further and was wondering is it really worth pressing much further past calc or would my time be better spent delving into something like programming or touching up on stats? With what I know right now, I do around 20%+ per year with an average drawdown size ~5%, but I want to push myself further.
8 posts and 1 images submitted.
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>>1739251
>game of knowing markets and knowing math
nobody can know the market it's pretty much random because there are too many inputs that are random.

math will help you sure, but it's really elementary math you need. calculating compound interest (or costs) is the omega of all /biz/ calculations.
>>
if u look into a lot of interviews with sucessful traders/investors (penny stock short term up to buffet) they dont know any math

and on the flipside the math heavy quants just automate basic TA and fundamental concepts so they dont add anything to the trading side

not sure what im getting at but theyre all idiots, dont worry about maxing out on math
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If you were smart you would pay some nerd to do your math for you

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Can you make money off them? How difficult/risky is it? Where to buy them
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lmao did you just watch the wolf of wall street or something?
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>>1739152
It's just like lottery tickets.

>Can you make money off them?
Sure, there are people who have won.

>How difficult/risky is it?
Not either. Simple as buying, only risk is losing what you paid for the ticket.

>Where to buy them
Any gas station or convenience store (tickets). Brokerage (penny stocks).
>>
You can, but learning how to do it provides you with a sub-optimal skillset that won't generalize as well to real trading arenas like futures, currencies, options, etc. The goal is to eventually get to a level that you are swinging big positions with godlike risk management. That's really the whole game of trading...getting good enough to trade big without ever being at risk of blowing up your account or allowing your emotions to end you. There's a whole bunch of little details in there and matters of specific strategies, but mechanically that's the idea: size right and control losses. Penny stocks are sort of their own subset of trading where you take on a lot of the downsides that giant traders face with very little to none of their benefits. If speculation in general is gambling, penny stocks are something else entirely. You can succeed in it and maybe it fits your personality perfectly, but if you could trade penny stocks, I would bet you could probably eventually trade any of the more mainstream stuff and if you get good at trading those (and trading in general), you'll be on your way to god mode. Treat them like a novelty at best and don't make them a big part of your overall operations and ideally not at all.

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Asking for a friend.
36 posts and 2 images submitted.
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Get off 4chan
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>>1739106
don't fall for the STEM meme
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>>1739106
buy btc

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>tfw you'll never be a retired smooth undefeated millionaire boxer making smart investments

https://www.youtube.com/watch?v=5OBocj9xt_A

>he literally has more in his neck than you'll ever earn in your lifetime of wagecucking

https://www.youtube.com/watch?v=3i1LHW0YNRg

How do you even cope?
17 posts and 1 images submitted.
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>>1739102
I box for Mayweather promotions, so not too bad
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>>1739471
>roleplaying
>current year
why
>>
I'm not jealous of rich black guys, I just want to know how he made it and absorb some of his virtues. That's the American way.

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how does credit score work? i noticed when i owned my card 500$ my score went up 3 points. now that i paid it off in one shot my score went down 3 points. so i have to stay in a certain debt to keep my score high?
12 posts and 2 images submitted.
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>>1739053

The credit score is to show that you can have debt, and manage it correctly over time.

It's processed monthly. When you paid your entire amount down it calculates as no debts on record.

Creditors don't want to see that you have an account, and have never borrowed. At least that is what it looks like to them.

Protip: You'll need more than a revolving credit line to establish any real credit.
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>>1739053
How do you transition from full time worker to full time student?
>>
>>1739053
"Credit Score" is basically a measure of goypoints with the banks.

If you hold no balance, you're a bad goy and won't make the banks any money. Banks hate people like you.

Holding a balance shows that you're willing to play the goy games, thus you get rewarded with a higher goyscore. If you miss a payment, you become a bad goy and get a penalty to your goyscore.

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I can't take wagecucking and making money on the internet is about luck.

I already asked /r9k/ and they are useless

How do I get rich with no wagecucking, no commutecucking and no dick sucking involved.
8 posts and 1 images submitted.
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>>1739030
read a book on it if you want to learn. people here will not help those who dont want to learn and they will only tell you the criminal way of making money.
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>>1739033
I've read a couple of books. What I learned is the people making money are the ones selling the books.

Honestly I don't see any other way but making money online. Everything else is dogshit, but making money requires you to be a meme so you can sell people your crap.
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>>1739044
Making money online is harder than wagecucking. By a lot.

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This thread is for a discussion of economics. Politics belongs on >>>/pol/

Q: What are the chances of London losing its status as a global financial hub as a result of a Hard Brexit? What are the further economic implications of the recent moves towards a hard Brexit?

https://www.theguardian.com/politics/blog/live/2017/jan/17/theresa-may-brexit-speech-pound-steadies-ahead-of-theresa-mays-brexit-speech-politics-live

http://www.investopedia.com/news/britain-lose-access-eu-single-market/

http://www.cnbc.com/2017/01/17/we-need-clarity-on-brexit-lloyds-chairman.html

http://www.cnbc.com/2017/01/16/uk-pm-may-to-say-britain-is-leaving-eus-single-market-customs-union-report.html

http://www.cnbc.com/2017/01/17/analysts-raise-further-doubts-over-mays-plans-for-a-post-brexit-britain.html

http://www.cnbc.com/2017/01/16/uk-can-keep-its-ties-with-the-eu-but-it-needs-to-compromise-german-minister.html

http://www.cnbc.com/2017/01/13/germanys-wolfgang-schaeuble-urges-ecb-to-start-unwinding-stimulus-this-year.html

http://www.cnbc.com/2017/01/12/italys-ubi-plans-400-million-euros-share-issue-to-buy-three-rescued-banks.html

http://www.cnbc.com/2017/01/12/britains-finance-industry-drops-demands-for-passporting-after-brexit.html

Disclaimer: Discussion in this thread is not limited to this subject. All econ-related questions or discussion topics are welcome.
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>>1738898
People have started weighing in (http://www.bbc.com/news/business-38654446), it seems like there's going to be some positives according to the business community.
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>>1738898
It's going to be tremendous. If the EU cooperates we get everything we want and can open up to the world.

If they are arses we can cut corporation tax aggressively and bring businesses to the UK en-masse.
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>>1739213
That's what it seems like to me. I think the banks were just bluffing about leaving England if they didn't get access to the single market because of the resulting instability, despite the clear positives things like a lower corporate income tax pose for them. Even if the banks left, wouldn't the City retain relevance given the non-equity related trading that takes place?

It's kind of cute watching Europeans act like Frankfurt would become the new global financial center. The EU was just debating a financial transactions tax, while England wants to reduce the corporate income tax to like ~15%. Ffs, I'm pretty sure Chicago has more relevance to the global financial system than Frankfurt.

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I need some advice from those of you who keep and sell inventory.

Would it be wise to buy around five Nintendo Switches around July and peddle off them in December? I tried getting a 3DS this December and they were all sold out, so I'd assume it would be even extra bad with the Switch. How much money would I be looking to make from this?
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>>1738725
If you can get your preorders it's usually guaranteed profit-- if they actually sell out. If they don't and you're stuck with a few units, they can always be returned.

How much depends on the supply. Nintendo is probably going to churn out a billion of these pieces of shit, and their demand is fairly low because no one cares about Nintendo any more. The last time they made anything worth a damn was the 3DS.

That's why every homeless motherfucker in the country camps out the week before to snatch up pre-releases. Scalpers gonna scalp.

The best money is selling to foreigners. Overseas customers will pay a bundle for a US unit if their launch date is still months off...
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>>1738866
>The best money is selling to foreigners.
Foreigners like to steal so be careful dealing with them.
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>>1738725
If you had done this with the original Wii you could have made decent money. With this latest paperweight, sorry I mean white elephant, beg your pardon I mean console, we're not guaranteed either the high demand or scarcity of the Wii launch.

You may be able to speculate longer term by buying now and holding it in mint condition for 10+ years or however long it takes to get ironic retro appeal. People are speculating silly money on stuff like the Star Wars Lego kits at the moment.

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