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With all due respect, how the fuck did this guy made 1 billion dollars in 1 day betting against the Governor and Company of the Bank of England? Can someone explain this to me?
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Arbitrage. Lots of firms made profits that day at the BOE's expense. His was just the one best positioned to take advantage of it.
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>>1668620
Because he shorted about $10bn worth of pounds. That's a 10% ROI over the entire period he held those positions.
It's not like he made those one billion dollars out of thin air. I don't get how /biz/ doesn't understand this concept, if you have a shitload of money, it's relatively easy to make a smaller shitload of money.
If you don't have a shitload of money, this isn't relevant to you at all!
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Soros lost a shit ton of money on dumb shorts and gambles multiple occasions as well.
He got lucky, or rather he made a very bold decision based on a calculated risk and massively leveraged it and actually won. He isn't Warren Buffet with investing in water companies and shit. Soros is a high rolling gambler that knows how to play the house.
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Alright /biz/ I need you to level with me.
I'm a college freshman getting into stocks. I sold my first couple stocks a couple days ago. I started with 25 dollars and made a little more then double back. Well Christmas is coming up boys. Where should I put my money next?
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>>1668618
You need to make a decision whether you want to be a degenerate speculator or a disciplined investor.
If the latter you need a system of evaluating stocks based on their actual merits in a quantitative way; Yes this means spending your spare time digging through annual reports.
The idea is to find a system of evaluating a stocks price independently from... looking at it's price or market cap.
Once you do that, you can just buy the stock when it falls below your valuation, and sell it when it rises too far above it. This is probably the best way to make money known to man.
Speculating might see 100% profits every week or something ridiculous; but it always ends in tears or a large amount of money that your strategy doesn't scale well into (and therefore you lose and go into a depression).
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>>1668923
nah, I ride memes all day and i'm up 2 mil since last tuesday
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>>1668923
Where is the best place to get annual reports? I emailed adidas and, 2 other companies and they haven't responded.
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realistically, as an accountant (qualified) from bank of america where can i go?
want to move into investment, how can i do this?
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>>1668619
huh?
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>>1668624
I meant to post a thumbs down emoji
Anonymous
completely new to finances 2016-12-14 12:11:53 Post No.1668595
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completely new to finances 2016-12-14 12:11:53 Post No.1668595
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completely new to finances
Anonymous
2016-12-14 12:11:53
Post No. 1668595
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I'm a student with only $2500 in my savings. I have no clue what to invest in, how to even start doing anything with forex, and how i can even afford crypto. I heard you guys are pretty good with this. what should i do with my money?
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buy bitcoin.
hold it.
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pay your debts & save at least enough cash to afford 6 months of living expenses before you consider putting your money in anything
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>>1668596
isn't bitcoin really high right now though?
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Would I be wasting my time applying to a job in another state/region?
I graduate with degree in finance in May and I have no internships. Only experience I have is shitty retail and warehouse crap.
They will expect me to pay for a plane ticket just for an interview? How does this work?
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Yes by definition greater access to the labor market will give you better results. Really only depends how established you are in your home location, you need to factor in family visits and all that stuff.
>They will expect me to pay for a plane ticket just for an interview? How does this work?
Yes, of course they will not pay for your plane ticket unless you're some sort of genius who they really want to employ, and I'm not getting that vibe.
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>>1668530
I have a fetish for braids, and God damn
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Unless you have a top tier GPA, with no internships you are fucked
t. good not great grades finance graduate
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Red pill me in Uber
How much are you realistically making part time after repairs and fuel?
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realistically you're a cabbie-cuck for nu-males and yuppie millenial iphones
don't forget to let them know "where to get a good cup of coffee around here" (free trade organic beans preferred)
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>>1668524
Uber only makes sense part time, i.e. you already have an eligible car that won't be used unless you Uber. If you start keeping a car specifically for Uber you will hardly make anything at all.
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>>1668533
Thats actually what i plan. Im thinking of getting a used vehicle for part time Uber.
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What's the best method to make money on the internet?
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>>1668479
fraud
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I noticed getting traffic or getting (You)'s is easy if you slap a pair of tits on it.
But how do you use that to make money?
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>>1668500
Pose as a slutty girl and ask for money
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Hustle General is for the discussion of any and all ideas for making money regardless of how feasible or crackpotted they are. Just share any random way of making money that comes to mind and other anons rate and comment on them. Nothing is too big or small here. What'simportant is that we start a discussion.
Maybe you'll find someone you actually want to work with.
お金を得る
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I'll start off I guess. One thing that i've thought about alot is making novelty vending machines that accept crypto and cards in addition to cash and sell incidental things like head phones, usb cables, sd cards, socks, and mouth wash in addition to the normal candy bars and soda. Like a little automated bodega.
Probably the real goal withthe idea though is to one day try making a vending machine that really is just an automted store, that sells everything from shower gell to prepackaged sandwiches and coffee, and even connecting the vending machines together on a network so that people can buy things from a mobile app before they get there and pick it up quickly, as well as the app also allowing people to find a machine that sells what they actually want to buy. Furthermore the app would keep track of queeries in a given area to find out what machines should be stocked with.
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>>1668454
I've considered side hustling in Adult Games and monetizing it via Patreon ever since reading about how that Breeding Season dev team was making like $200,000 a month split between three people. I'll probably grab a partner (Artist) and we'll chase some big bucks with even bigger titties.
>>1668488
This idea makes very little sense for a 'Side Hustle' or even as a business plan. Firstly you are making something that probably has no demand (vendy machines that take crypto) and competing against ANY/ALL already established storefronts instead of finding a niche to exploit. A better version would be to make an app that could just help you find vendy machines or places to buy snacks. At least then you wouldn't have HUUUUGE upfront cost of inventing and building these types of vendy machines.
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>>1668454
>A better version would be to make an app that could just help you find vendy machines or places to buy snacks.
That actually does sound way more direct and to the point, and also sensible.
This financials bubble is gonna pop any day but how the fuck do I profit if not into short selling?
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>>1668453
If you think the prices will go down, go short.
I don't share your opinion, btw.
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Buy put options
I think Goldman Sachs will keep up, though
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>>1668453
THROW YOUR LIFE SAVINGS INTO JNUG!!!
Im still averaging down from mid 25s.
Came up with an interesting idea for a business today.
Convert an old double-decker bus into multiple small living units (student accomodation style) and rent them out to people with really low rents like £100/month.
Would any of you be interested in living in an old converted bus on the cheap?
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Where park it?
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>>1668435
Depends on the denizens really.
If they're working/student types, near a major bus route would be ideal.
If it's a bunch of NEETs then anywhere will do.
Would be best to park near some free wifi to improve quality of life.
In any case I'm sure a deal could be made with some landowner.
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I'm trying to decide if I should quit working while I'm in school and say fuck it and get a student loan. I fucking hate washing dishes but I'm completely in love with the possibility of graduating without owing anyone a dime.
For those of you who went that route, if you could start over would you do it again? Any regrets or success stories?
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>>1668428
I worked every single semester i was in uni, full time. I graduated debt free. Just put in the work so you dont have to take out loans, and if you hate your job, then just find another one you enjoy more.
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>>1668428
I'm a freshman and I'm already 20k+ in debt. I regret everything already. Keep going anon. It may suck for now but after you graduate and get a job you'll be way ahead of the majority of your peers.
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>>1668428
I quit shcool and went straight to work
Only thing I regret is all my mates went to uni and it looks fucking easy
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I have a deep, visceral hatred for this bank. Soooo fuck 'em
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Grow up faggot
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top of the world
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>>1668387
You are retarded
I used to come here in college when I had no idea what I wanted to do in life besides not be a wagecuck.
What is so great about being rich guys? What's your literal end-goal besides a bunch of cryptocurrency to justify your superiority complex?
>finished college and got a graduate job living at home with parents saving every dollar besides a bit for board
>saved up 75K AUD in 2 years
>bought pic related for $55K
>met awesome chick
>lived on yacht for 2 years saving every penny together, free electricity from solar, generator and engine, free water from docks, free fish in the ocean. Literally spending 100 dollars a week on food and mooring costs combined.
>sailed Aus east coast, NZ and south pacific for 3 years with money saved
>come back with money left over
>sell the boat for profit
>been back now for 2 years renting and working again, saving money but nowhere near as much living on the water
how do people become wage cucks when it's literally so easy? I can forecast to work another 5 years, buy an investment property and a boat and sail my entire life comfortably with a house south of Sydney with someone else paying me for rent.
inb4 people have kids and all women are money whores
nope, a lot are but definitely not all, and fuck kids
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>>1668361
"Fuck kids" lol. Jk anon I got my shit cut and my wife is better with money than me.
Was a dumb lad and got behind.
Finally learning investing.
Have fun landlording. It sucks all the dicks. Grats on living the good life. I will be there soon.
Freedom. A few acres. Descent home for the wife. Then a hedge tree row and a fucking 10 acres lot full of junk shit to tinker with.
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>>1668361
My dad is rich and mean to me so the only way I can properly get back at him is to make more money than he does.
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>>1668374
my dad is an awesome bloke, instead of looking outward why don't you attempt to try to justify your end goal?
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Looking for advice on a collectible figures business.
Image related( Part of the drafting process)
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>>1668315
Is that a Jeoffrey Lanister angel
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>>1668315
U do custom shit?
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Follow this advice if you want to be a fucking cuck while kids on youtube make 5 figures a month with shitty videos and other means of online revenue with little effort while you commutecuck for life.
Also internet money making or death general.
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>>1668233
>with little effort
YouTube was almost a full time job when I used to do it.
You sound like you think its easy to monetize anything on the internet but it takes just as much work as anyone running a brick and mortar business.
Stop being stupid and just finish high school.
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>>1668233
>Also internet money making or death general.
when's your funeral planned?
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>>1668233
https://www.youtube.com/watch?v=R7WhQv77PW8
I love it how retards will tell you that youtube is a hard job.
Interesting in an internet money making thread, always fun to read about people's success.
I've been personally thinking about making League of Legends or Minecraft videos, the playerbase is incredibly big and the teenagers spend so much time watching videos.
Shit man, all you have to do is find a way to make teenagers click your vids and you're good to go 10k a month easy.