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Archived threads in /biz/ - Business & Finance - 6358. page

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At what age did you start your 401k/ira?
Where I work one side is a luxury assisted living home, and the other side a nursing home for govn assistance fags. These poor folk are fucking miserable. They're literally waiting to die. While we're having happy hour, they're either lying in bed or strolling around looking for people, literally anyone, to talk to. These people hardly have $20 to their name. I see this shit everyday. We're serving new York strip and they're eating orphan grade gruel. Almost all of the poor fags are obese and lost a foot to the diabetes. I urge you to go see these people. You'll run to the bank to start an IRA.
Food for thought.
6 posts and 1 images submitted.
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This sounds really familiar, to the point that I believe it to be pasta
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>>1653986
I made a simalar thread about 6 months ago.
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>>1653976
I'm really sorry you work at a nursing home, anon.

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Hey guys,

I just got a job as a Financial Data Analyst. I'm in school F/T and going to be aiming for a Master's degree in Machine Learning (or maybe an MBA). I want to get a job as a Quant because I really like math and programming and working for a well-funded department has always been a dream of mine. I'm at kind of an Ivy League school, it's one of the top public schools in the nation, but ofc I know that if I want to do anything "too big" I kind of need one of the big four and lots of daddy's money.

But I'd like to work for a good company like Jane Street or Goldman Sachs regardless. Does anyone here have any work experience as a quant and want to tell me how you landed your job? What kind of degree do you have? I'm trying to network, but most of my friends only have good jobs with programming companies- (IBM, Google, Microsoft) so that networking kind of didn't work. I guess I could aim for working at google, but I've idealized high level investment positions so much since all the depictions of the investment sector look full of rich people who just use drugs and fuck all day (which I know is exaggerated but they wouldn't build that stereotype for no reason.)
8 posts and 1 images submitted.
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>>1653927
Jane Street would be insanely cool.
I'm about to graduate undergrad with cs and I applied to a few quant firms. I made it to some interview rounds but they were looking for people with more experience/masters
So you sound like you're on the right track getting the masters. Hell, look at Berkeley's FE program. Also start working on your own. Start playing around with your own algo strats.

There are a lot of smaller firms in chicago that do quant work so look there. It'd be easier to get your foot in the door with them. Do well there and then start applying to places like jane street after you've kicked ass for 2 years or so.
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>>1653957

I did live in Chicago for a short while, now I'm in Northern California (mostly trying to git gud at programming.) Chicago was where I got my Econ degree and I did KIND OF work with the mercantile exchange, but that internship really sucked because they didn't want to pay me.
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>>1653927
>I'm at kind of an Ivy League school, it's one of the top public schools in the nation,
Why does people at sub-par schools always say they are at a public ivy or a "kinda ivy" when it's just not. The Ivy League is a defined set of schools. It's not a ranking or anything. Stop saying shit about how you are almost an Ivy. Just say you go to a good school, there are plenty of them.

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What the most lucrative way to use a Computer Science degree?

>inb4 retail
10 posts and 2 images submitted.
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>>1653801

by being yourself and not a tool
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>>1653801
Buy kneepads, fellate, repeat
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>>1653801

Solo operated company that sells a piece of infinite dollar software to every person on earth, infinity times.

Oh, you really wanted "most practical way to make X amount of money after Y time with a CS degree",

>X = 100 dollars
Work 3 hours as a fulltime employee, or code up a micro-solution for a service.

>X = 1000 dollars
Work 30 hours, make something J people will pay K for in L time where 1000 = J*K / L

>X = 10000
Work for about 8 weeks full time, or do JKL=10,000, or join a startup where someone is attempting a JKL

X=100k
Work between one and two years full time, or JKL, or join a startup

X=1M

Work between 10 and 15 years without investment, assuming raises and less time enabled by compound interest, JKL, join a startup that is quite successful JKLing and is bought out or IPOs and cash out your shares

X=10M

Work 50-60 years with interest or JKL or join a startup that makes more money than god, IPOs, sell shares.

X = 100M

JKL like a god and sell out while maintaining a majority stake

X = 1b

Invent a new paradigm in which to JKL that has not successfully been breached at the world scale you intend to have and stay CEO while slowly selling off your share

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So, how much longer will Walmart, Target, Kohl's, and all the other brick-and-mortar stores last?

Walmart in particular.
7 posts and 3 images submitted.
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so it was your aim to select the most disturbing horrific image to get the concept of "end" across?
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>>1653779
Yes.

That, and I couldn't be bothered looking for pictures of vultures waiting for something to die. Have a dairy industry pic for your trouble.
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>>1653791
>google images
>vultures waiting
Target is here to stay forever

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What happened to the yuan just now? Just fell enormously compared to most other currencies.
19 posts and 5 images submitted.
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If you use chinese search engines it still gives you the old, stable values.

Fishy...
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>>1653745
China is running out of reserves to slow the free fall of the yuan. They've basically be holding up its value for the last year or so through market intervention and capital controls alone.
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>>1653783
What implications does this have? Could the yuan completely plummet causing a financial crisis at least in china?

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What's the downside to owning a nightclub?

>Make huge profits off of overpricing other companies' goods.(You dont have to make your own product)

>Its always bound to be packed because normies, if done tastefully(e.g not a shithole)

>Gives you supirior social standing as "The club owner"

Literally the only downside I can think of is the inital investment size.
19 posts and 2 images submitted.
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liquor license and competition, essentially.
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The downside is that it is a food/beverage industry which had bad stats for many reasons.

High overhead, employee theft, liability for intoxicated patrons, remodeling costs every few years to stay 'cool', the list goes on and on.
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>>1653741

>representatives from the mafia come and ask if they can place some dealers in the club to sell drugs
>you decline
>they break your legs
>you agree

I'll just leave this here. Don't miss this one.
14 posts and 3 images submitted.
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>>1653739

I'm in
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>>1653739
Is it about to pump?
Where can i buy it?
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>>1653755
Polo.

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Screencap this :) Vcash has hit all lows. BUY THE DIP CHAPS. Trust me on this.
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>>1653713

shitty logo

>calls me a chap
>asks me to trust him
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>>1653713
The dev left the project and he is affiliated with Paycoin.
>Scamcoin
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>>1653713
>can't even find their website

Yeah, no.

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Is there a /biz/ recommended reading list? Iv just discovered this board and I'm really enjoying it.

Thus, I would like to see some approved literature to help with my financial knowledge.

Pic unrelated. Thank you.
8 posts and 2 images submitted.
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>>1653678
Zero to one
The Lean Startup
The art of the Deal
Growth Hacker Marketing
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>>1653678

is your first name pajeet
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Anything from NN Taleb

can i make lotsa money by learning how to read candlesticks and analyze the weiner process?
6 posts and 1 images submitted.
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>>1653601
>weiner process

do you own kneepads?
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>>1653601

everything is just a gigantic abstraction just learn to recognize the patterns and have some flair now gtfo
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>>1653601
no.
go to las vegas if you want to gamble at least there is free beer in the casino.

Rate my resume
10 posts and 1 images submitted.
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I would rate it 1998/2000
Work on your spelling
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>>1653496
id hire you only if your asshole is shaved smooth
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>>1653865
For the position I think it's assumed. His feminine penis will go far in this industry.

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>Mfw knowing I'm in the encrypted messaging revolution
>Mfw it's changing privacy for dark net markets
>Mfw gaining traction to online sellers through encrypted mediums

Thanks XDN for changing the altcoin game. Feels good.
8 posts and 1 images submitted.
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How do I buy XDN? Is it only on polo?
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>>1653318

It's on Bittrex too
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start accumulating lads.. another 40% pump coming along the way

>actually wanting to work while there's people making 2k per instagram post/playing videogames in their underwear

kys cuck. Internet revenue or death
17 posts and 2 images submitted.
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gay shit
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>>1653092
Give me just one example of somebody who is making 2k per post.
And I'm not talking about already famous people like Kim K or Taylor Swift.
Nobody is making a living of Instagram, this complete bullshit. I know people with a huge followership and I know what they are getting paid for the product placement.
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>>1653135
And they get that product placement because of their followers. My friend has a shit ton of clothing companies pay him in product and cash to advertise their stuff on his instagram. It's just for side cash, but it's a decent amount for minimal work.

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Level with me, /biz/, could the United States win a trade war with China?
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>>1653027
The Chinese are too economically in bed with us to win (http://www.investmentu.com/article/detail/34733/why-china-wont-dump-us-debt) and either way, we could probably just curb our agriculture exports and watch things fall apart.

Just because only 2% of Americans work in agriculture doesn't mean that we don't export the most corn in the world. Plus, China is a powder keg, they wouldn't risk a trade war. As soon as people stop buying Chinese steel, they have to close factories and people lose jobs and when people lose jobs and can't do anything about it (since China is authoritarian), they get pissed.

China itself already has massive demographic problems to deal with.
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>>1653027

I should have added this in the OP but I personally think we maybe might have a chance in the long run but since China is an authoritarian government and the US is democratically elected we will lose since China just needs to wait at max 2 years for the next election and whichever party is in control dictating the trade war will be voted out of office since the US population really won't stand for increased prices of goods and other hardships resulting from the trade war.
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>>1653030
>we could probably just curb our agriculture exports and watch things fall apart

True, but China mines and produces ~80-90% of all rare earth elements which are critical in many electronics and heavy industry. They've threatened cutting supplies in the past and in an actual trade war they would no doubt do so.

I don't know, there's a lot of ways each of us could fuck the other up.

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>all I did was invest in random stocks and held onto them
>money steadily rises despite all kinds of economic shit
>Don't lift a finger
Why do people make investing sound hard?
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>>1653000
Scare competitors
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>>1653000
Because it takes way more balls to invest $100,000 than $100.

You don't have the balls.
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Wahoa! Everybody check out Mr. hotshot over here!

Don't spend all that crazy cash you earned in one place OP! ;)

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