Tile guy here. Quick question:
I got a customer who I did $1000 of work for. As we wrapped up the guy said he'd put a check in the mail, his wife had the checkbook. In all my time as a contractor I've never been screwed so I didn't really give a fuck.
He mailed me a check for $900, which I cashed. I called the guy to let him know it was $100 short. He said, "my mistake, I'll put another check in the mail". Well months went by, another call, another call, etc...
It's now been 90 days, 3 notices, and still no $100. It's only $100 and I really DGAF. But it's the principle of it damnit!
So I sent him an email today that basically said he still owed me $100 and I was gonna lien his house if he does not pay (a bluff). Well his wife sends me a 3 paragraph email that they don't owe me anything, my math is off, that I broke the law by threatening a lien, she was gonna contact her lawyer and leave me negative reviews online.
So. Wat do?
Shouldnt of accepted the cheque they sent and then demanded full payment.
Cosult a lawyer and be prepaired to spend tripple to make an example of them or get the fuck over it and learn from your mistake.
>>1705929
Makes sense. I think if I had done that, they would have fucked me even worse.
If it helps I have an email where the guy states he still owes me the $100.
I'd honestly just egg their car and house or something and move on with my life.
What is Keynesian economics?
>>1705404
https://www.youtube.com/watch?v=d0nERTFo-Sk
Its worth the 7 minute watch.
>>1705947
You can fuck off with that
>>1705404
I'm not a Keynesian, but here's a good summary: http://www.imf.org/external/pubs/ft/fandd/2014/09/basics.htm
Take out all of the shitty Austrian memes, for instance here: >>1705947 and get a nonbiased understanding.
In its most simple definition, Keynesian economics believes that it is the job of the state to prevent recessions through fiscal and monetary stimulus, but mostly the former (monetary stimulus is more a characteristic of monetarism- the system championed by Milton Friedman). Keynesians say that the state can afford to do deficit spending and, in a certain manner, it can. Think of the US government's debt a bit like a Trump building project. Trump may have gone bankrupt before in the past, but investors will throw money at his projects because of the Trump name. The same is true, essentially, for US government debt under Keynesian thinking.
Most Austrians will counter Keynesian thinking by saying 'Well if the state has to spend a dollar, then it has to come out of the private sector"- an investor has to buy a bond that he could've spent on something else, or it will have to be taxed, which they also could've spent.
Keynesians would counter by saying, first off, the private sector may not always want to invest. An apartment complex may not be built during a recession because the company building it is unsure of whether there is sufficient demand. If the government builds it, then jobs get created and eventually you get people in the apartment.
Second, on top of this, there is something called the Keynes multiplier. What it says, basically, is that for each dollar the government spends, more money than that is put into the economy. So if the government builds the apartment, then people move in and shops can develop around and you can have consumer spending in those shops. The shops may be built by the private sector as a response to the demand created in the area by people moving to the apartment.
What are those high-end finance jobs like?
What kind of high-end finance job?
If you're referring to investment banking - mostly miserable. You're well paid but you will be working 6 days a week 7 am until 10 pm every day without being given the time to take leave (unless you really fight for it) until you become more senior.
>>1705409
How much do you think is median salary?
>>1705461
Median salary at bulge bracket investment banks i'd guess is around ~$120-150k. Keep in mind that bankers generally only gain around half of their compensation from their salary and the median all in compensation is probably around 200k.
The starting compensation straight out of college is around 100-130k all-in depending on who you're working for e.g. GS generally pay at a discount to market, BAML typically pays at a premium.
Do any of you rent? Why would you do that, when buying a home is effectively free because you get all your money back when you sell?
>>1705158
>Do any of you rent? Why would you do that, when buying a home is effectively free because you get all your money back when you sell?
it's free if you are lucky and you can sell well, and had no maintenance costs in the meantime and paid for it out of your own pocket not bought it on loan. if if if...
>>1705158
You're ignoring-
property taxes
maintenance and repairs
possible depreciation due to many factors
natural or man-made disasters
the ability to move on short notice for say a job opportunity
There are lots of reasons to buy or rent, it's not as black and white as you make it.
>>1705158
Because I cant get a mortgage and dont have $10,000+ in cash to buy a fixer-upper.
Also, I dont want to be homeless
Hello friends. I'm starting a financial services business. I'm considering opening a company in Seychelles, that is owned by a company in Belize. Has anyone here ever done that? Any advice?
I know I don't need to have a physical address in Belize, nor travel there to start my company, but what about Seychelles?
Pic related. Seychelles flag with anime.
>not basing your company out of Nevada
kys
So youre asking neets for some company investing advice? Neet consultancy aint exactly free you know. We have coin markets to manipulate
>>1705004
Do you have a license? What sort of financial company?
http://www.abc.net.au/news/rural/rural-news/2017-01-03/galaxy-resources-waves-off-first-lithium-shipment/8159118
>About 10,000 tonnes of lithium concentrate left Esperance Port on January 2 aboard NY Trader 1 bound for Lianyungang Port in China.
>The first shipment was valued at $US6 million, with Galaxy planning production of 160,000 tonnes this year.
B A S E D
A
S
E
D
>>1704855
So that's what like 156m worth of profit in potential product to be shipped?
>>1704855
god I wish I hadn't sold
>>1704855
What are some strategies you use to avoid paying taxes, /pol/?
>>1704546
dying
>>1704546
I don't have income to avoid paying income tax
>>1704546
tfw the IRS comes to /pol/ to learn how people might fuck them over this year
Anyone here have a successful blog? My plan is to start a blog and do 10 posts per week. How many posts / how much time did it take you to start making money? is $10,000 a reasonable goal after a year / 500 blog posts?
Bump
I'm also interested since I could have earned money with an old blog. I'm now interested into making a new one that will be a gold mine but I am still unsure about it
>>1704456
I've been meaning to start one soon so I'll just throw a couple of pointers that I've written down from people who have been running a successful blog for a while. First off, quality > quantity. No set amount of posts is going to make you any cash if you're writing uninformed drivel. You need to write clear, informative, educated articles but still not bore your readers by swarming them with facts and numbers. Preferably, write about stuff you're knowledgeable and confident about so you spare yourself the hours upon hours of research you'll need to do.
Find your own niche; writing about video games and movies might be fun and easy but it's too common, everyone's a game/movie critic nowadays so carving out a name for yourself there could prove very difficult
>>1704456
Yes. I own a blog that gets about ~30k uniques per month. Make about $500-600 USD per month. Have about 30 posts up. Niche is Apple hardware, software and general how-to style tech tips.
How good is the tranny /biz/?
How much money would it cost to look like the dude on the right?
Do they make more than real girls?
When I was working graveyard shift as a security guard at a motel I'd have to clear out rooms that trannies set up to meet johns every night. Trannies are big in the hispanic community I guess. Whatever they make its enough to fund their operations because they were all post op.
>Do they make more than real girls?
doing what? prostitution? no i dont think so
>>1704385
Ewww what's the point? Pre op is better as long as she's passable
Redpill me on monero
fork happens in two days, be prepared to sell before the fork. look at march 14th 2016 on the ETHBTC polo chart. thats when homestead fork happened. the same will happen with monero. buy the dip.
>>1702625
Already sold. You're talking about RingCT, yes?
>>1702625
Wtf is a fork
WTF? Bitcoin breaks $1,000 level, highest in more than 3 years. yet i never seen anyone /g/ talk about it.
what happened to all those people who made a fortune from this?
i had a few bitcoins a long time ago when it blew up, sold when it was around 400
something rubs me the wrong way about them... seems like a ponzi scheme. Kinda bugs me to see they broke 1000 on jan 1 because I had this sudden urge to invest my xmas bonus into bitcoin but decided it was too gambly
of course, it was too gambly but i would have won :(
>>1701955
>something rubs me the wrong way about them... seems like a ponzi scheme, he said as Bitcoin has been stable at over 600USD for years now
You are so fucking dumb dude
This thread is for the sharing of investment ideas and discussions about value investing.
>What is value investing?
Value investing involves buying stocks that trade at below their intrinsic value. When the stock market finds out, the prices rises and a gain is realised for the value investor. Value investing is used by such legendary investors as Warren Buffett and Peter Lynch.
Recommended reading
>Security Analysis by Benjamin Graham
https://torontoinvestclub.files.wordpress.com/2014/07/security-analysis-benjamin-graham.pdf
>The Intelligent Investor by Bejamin Graham
http://webcontent.harpercollins.com/text/excerpts/pdf/0060583282.pdf
This thread could join/replace /sfig/
>>1696641
Biz has split into RHG, ASX, etc and no longer looks at core investment principles.
Make Biz Great Again.
Iconix Brand Group Inc - NASDQ: ICON
Price: 9.34
Market Cap: 527.78M
P/E: N.A.
Iconix is a brand management company that licenses brands to retailers and manufacturers, mainly in apparel and clothing. Iconix buys the IPs of name brands and earns royalty on the gross sales. This makes it an asset light, cash generative model. It's brands are highly diversified across shoes, male/female wear and internationally.
>why is this a bargain stock?
Net income past 5 years
2011 - 126.11M
2012 - 109.41M
2013 - 128.05M
2014 - 103.72M
2015 - (189.3M)
In 2015 Iconix recorded a massive negative income of 189 million. Iconix dropped from $15 to $7 and rose back to $9 now. But if you dig up the financial statement, the loss did not actually happen. What happened was it took a massive $400M write off of its assets (brand names) which is deducted from the income. That year it actually earned a record $211M. The market eventually slowly got hold of this but right now it's trading at an incredible P/E of ~5 average earnings of past five years and 2.5 for last 12 months.
>Where is the margin of safety?
Iconix has a steady earnings record of ~110M. It's management has proven competent, generating ROI of ~10% and ROE of ~20%. It's also trading at an extremely low multiplier mentioned above. This combined with its business model of royalties providing a steady income that isn't affected by business shocks and ~60% margins, means the income could decline by 60% before trading at the low P/E of 10, which is low compared to the S&P trading at P/E 24.
Another riskier margin of safety is the book value. It is current trading at 0.73 P/BV. However, this is 80% intangible assets of estimated value of IPs. If the underlying business of brands does go under, the assets will be worth nothing too. However, this is unlikely to happen given the diversification of brands. And people will always need new clothes and shoes.
>tl;dr
Panic sold induced low p/e stock.
>>1701636
/sfig/ is a bunch of speculators trying to predict market movements. /vig/ is for investors going long on good fundementals at low prices.
Although shorts, hedging, distressed bonds and arbritrage are welcome if combined with intelligent analysis.
Stocks to watch 2017 edition, i'll start:
AMZN
AMZN is over valued and soon to split. Please explain why anyone should watch it
>>1701470
>AMZN is over valued and soon to split. Please explain why anyone should watch it
seem like pretty good reasons to me
but muh drones
what would /biz/ tell their 15 year old selves?
>>1700913
6 years ago I was a complete piece of shit in every possible way. I doubt I would listen to anything Ive got to say, so nothing.
>>1700913
Stop cutting class, study mathematics.
get a fuckin job
you dumb faggot get any full time job, you drop out of highschool anyway and live with your parents, you could have 100 grand saved up by now retard
Can we have a tax thread?
The season of tax ballers is around the corner. What was the highest amount you ever got "back!"
My are usually always low, a couple of hundred of dollar. I know that's a good thing, but why does it seem like everyone I know get a couple of grand back?
>>1708266
Holy shit typos. Sorry about that..
I got like 3k in uni once
>>1708266
>ITT eternal poorfags think a large tax return is a good thing