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Archived threads in /biz/ - Business & Finance - 6583. page

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FML. This seriously went up 5X since you started hyping last week. Why didn't I invest? That would've changed my life. wtf wtf wtf. I just keep watching it go higher and higher. Who the hell is even buying this trash.
17 posts and 2 images submitted.
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>>1554656
I know bro. I bought in at 500 and sold at 1000 cause I thought no way this shitcoin is gonna go much higher. Shit happens though. So many times people on here hype a coin and it goes nowhere so don't regret not listening to /biz/. Broken clock twice a day blah blah blah.
>>
>>1554663

RIC Is next meme magic coin
>>
>>1554666

> next meme magic
> video actually says it's meme magic

top kek

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What would be the best way to profit from a Trump™ presidency? Short the MXN Peso, or is there a better way?
11 posts and 1 images submitted.
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Short the DOW, S&P500, or any other American stocks.
>>
Moot question, OP.

>>1554664
lol
>>
>>1554664

Could work, IMO more risky than shorting the Peso however as the Federal Reserve would quickly unleash stimulus to stop the U.S stock market from falling.

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>tfw Marijuana stock bagholder
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>"I respect the 2nd amendment, but I will force guns to be banned, such as the Smith And Wesson AR-15, and do full background checks"

That's it. It's over. I can already hear SWHC mooning, I can hear it... Father... I hear the Rocket engines.. the years of work to get here...


Don't
Let.
Go.

basedlazard brah was right

I went in 940 shares.
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>>1554597

Are you that same whinny faggot that bought on the pullback and lost pennies?

Be patient , you stupid fuck.

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No matter what you think about Donald Trump, or whether or not you think TrumpCoin is a scam, TC spiked 30% after Trump won the last debate.

When he wipes the floor with Hillary during this debate, the coin will spike even higher. It doesn't matter what you think of this project, because the coin will objectively spike tonight like it did last time. Even /biz/ wouldn't leave those kinds of easy gains on the table.

Now would be the perfect time to get in and hold until the election. Even if you don't want to do that, you could make a quick and easy profit tonight following the debate.

MAGA
11 posts and 2 images submitted.
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Trump is going to lose the election. I wish he wouldnt but even a complete moron can see that at this point.
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>>1554596

This also he lost the first debate op
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>>1554596
>>1554600

If he lost the first debate, why did the coin spike 30%? There's your unbiased poll right there.

CTR is really permeating all corners of this website, full damage control

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Are objects of value a good investment, for example a watch? Can you list some of them?
pic unrelated
12 posts and 2 images submitted.
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Kneepads
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>>1554444
the only way i consider an item of value as a good investment is if you got it for dirt cheap or for free

i.e., your father was an avid collector of x memorabilia. he dies, and said memorabilia gets passed onto you

not only has it gained value from the time your father owned it, but it also collects value from whatever time YOU owned it

never go out of your way to buy items of value, as it cuts your profit margin greatly and takes an extremely long time before the ROI becomes anything substantial

t. person who has made money off items of value
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>>1554444
also, you asked for a list

literally anything of any brand name whatsoever
geneva
dukes of hazzard
star wars
etc.
as long as it a) isnt junk (gamestop promotional posters), and b) is something of value to collectors (people who grew up with the item, focus your demographics)

UK Anons, how has brexit affected your portfolio?
Where do you see the £ in 6 month / 2 years time?
6 posts and 1 images submitted.
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Slowly going to parity with Euro.
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Actually I've had two of my most profitable weeks in the last few weeks.

While the markets like stability, it's the volatility that provides opportunity. One of those weird contradictory situations.
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>>1554431

I see this also to be honest, probably even below the euro if Soros has his way

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Ideas to become rich with only 1000€ go
18 posts and 3 images submitted.
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Sell kneepads and kneepad accessories
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>>1554410
Buy potcoin and invest in HEMP.
>>
Buy kneepads and kneepad accessories.

Is the American middle class really dead?

Or is that a meme?
11 posts and 1 images submitted.
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No, it's just in the process of shrinking. It will continue to shrink until you have only the rich and the poor.
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>>1554297
Kind of.
>>
It's true. The gov't is partially to blame, but it's also a natural cycle. When you take certain industries/people exploiting the system, and combine that with a higher cost of living and dwindling need for workers, you get a hemorrhaging middle class.

my folks were able to move out immediately after high school and college and secure decent paying jobs w/ benefits rather effortlessly.

some of my buddies still live at home. half of them have jobs that don't even have schedules or vacation time.

Pretty much every sector of the economy that is growing quickly outside of tech is low skilled labor.

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Should you become an accountant if you're okay at Math, Calculus, Chemistry, suck at Algebra and still have a lot to learn about Economics & Finance ?

Let's say you want to become an accountant, because you want to earn a lot of money, don't mind working long hours and want a good pension.
7 posts and 1 images submitted.
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Hahahahahahahahaha accounting. Unless you know someone in the industry, enjoy working for free for two years just for people to want to hire you at 14-15 bucks an hour. Oversaturated as fuck.
>>
How on Earth is accounting not going to be completely automated within a few short years?
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>>1554105
i'm a former NEET who is now an accountant at a big4

it's mostly people skills that you need, not intelligence. i don't think i'll get promoted this year because i'm autistic

>tfw wasted time as a NEET and now taking orders from people younger than you

>>1554108
>working for free
what do you mean by this

pay and hours depend on location and industry you're in

>>1554111
>creating an automated system that integrates with banks, customers and suppliers is difficult
>there is judgement an decision making involved

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EXIT POT COIN NOW! Bollinger bands coming together, huge selloff incoming. Don't be the last one to sell. You've been warned.

All potcoin shill hate is welcome ITT.
7 posts and 1 images submitted.
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>>1554027
This thread is a buy signal
>>
>>1554035
Absolutely. I posted this so I could buy cheap. Definitely buy all the sell orders right now.
>>
>>1554038

This thread is a sell signal

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Are banks even real?


Let's say I'm an average consumer who has two checking accounts, one at PNC Bank and one at Wells Fargo. I have $1000 in each account.
If I file an electronic transfer through PNC into the WF account, let's say of $500, PNC immediately deducts the $500 from the account. However, it takes four to six business days before that money will appear in the WF account, and even then it hangs as a "pending" credit for days afterward before the money is actually in the account.
Where is that money during the intermediatary downtime? Is PNC seriously just crediting itself with my money for awhile before handing over that amount to WF? If I wrote myself a check for the same amount the transaction would show up (pending approval of course) in both accounts immediately. Why can banks simply cause money to disappear for days at a time?


Let's take another example. Same scenario.
Let's say I walked into Wells Fargo, withdrew all $1000, and closed the account. I then walked up to a PNC ATM and deposited the grand.
PNC immediately credits the deposit to my account (not "pending," the money is physically in there), but WF treats it as a pending transaction for a length of time and doesn't close the account because of it. WF calls it a pending debit even though the money has physically moved to PNC's treasury, and WF still lists my account as nominally having $1000 inside it.
Because of this, don't I "technically" have $3000? Obviously I won't be able to access the ghost money, but if I have $2000 gross in PNC and $1000 gross in WF that means that I technically have $3000 in total assets.
Now obviously WF has physically lost $1000 in liquid cash and PNC has gained as much, but WF is still crediting me with having that $1000 even though I really don't.
Which means that this whole "pending transaction" shit is mostly BS, because that money can still very much be gone before the transaction gets "posted."

(1/2)
15 posts and 1 images submitted.
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(2/2)

If that's true, it means that the nominal balance of the account (in this case the WF one) is not actually tied to how much money is in the account. If THAT's true, and it seems like it is, what's actually giving legitimacy to bank accounts' values? Could banks not theoretically just arbitrarily increase or decrease the amount of "money" in an account? Would that not theoretically create "new" money, provided that the ghost money is spent electronically (and not debited from the bank as liquid cash)? I'm sure that would be illegal, but it seems kinda dangerous that private institutions are theoretically capable of acting as electronic mints.

Am I delusional?
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>>1553959
>>1553964

I'm assuming you don't know about fractional-reserve banking, OP.

In any case it's all BS anyway. The bank is effectively writing you an IOU, charging you for access to the wire system. I'd like to say they need your money to invest to make additional profit but they get zero-interest loans anyway and the government will bail them out when and if they fuck up. So don't overthink the issue, they don't really need your $500 anyway, they just like to jerk you around.

tl;dr find a credit union.
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>>1553972
Lol I'm in Canada and the credit unions are pure shit

Unironically more expensive, inconvenient, and just less feature-ful than one of the big 4

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How do fags make money with Bitcoin?
Always see and hear about Bitcoin, but how does one profit from this? Should I get in on it?
6 posts and 2 images submitted.
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no
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>>1553899
By purchasing gift cards and selling them to people for more BTC than the gift card is worth.
>>
buy bitcoin
hold bitcoin
sell bitcoin for more

boom

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My friend recently obtained a lot of money ($450,000) and wants to see it grow. Whats the best way to make money if you have significant liquidity? Real estate? Stocks?
20 posts and 2 images submitted.
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>>1553846
Buy a $450,000 pair of knee pads
>>
Congratulations on spelling 'real estate' correctly
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>>1553848
This.

Gotta spend money to make money, and you're friend sounds like he'd make a good return on his investment

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Okay /biz/, so say I'm interested in finance to a level of complete autism. I love valuing companies and excel is my only friend; however, my GPA and prospects on getting into an IB target school are both kill. I was plagued by a bad relationship and mental health problems (ADD, depression, OCD, etc) that caused me to under-perform.

Is there any way I can become an accredited investor and convince people to give me money to invest? I will be receiving an inheritance of around $150,000 soon, but receiving a slightly above average return on this amount probably wouldn't sway investors to trust in me.

Investing family money is out of the question. I know one of you are going to tell me to go back to college and become an accountant, but I'd rather kill myself.

I'm currently living within my means while working as a security guard at a sports complex in a predominantly white neighborhood. Most of my hours consist of doing nothing, so I just sit and read in the security truck. It's sort of like living the NEET's dream, except I read instead of playing vidyas.
13 posts and 1 images submitted.
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>>1553818
Go get a degree and start working in that field. If you really want to break into this field as a career you're probably not going to do it without a college degree.
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>>1553839
Does it matter about the college that I get a degree from? Like I said, my chances of getting into a target school are close to nil.
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>>1553842
It does matter somewhat. Maybe worry about getting into a decent non target school and then going to grad school at a target.

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Are credit unions a meme?
20 posts and 4 images submitted.
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>>1553815

No, to the extent you have to place liquid assets in an institution for regular expenses, it should absolutely be in a credit union instead of a bank. Fuck banks.
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>>1553907
This. Fuck banks.

We have one in town where a manager cried to my dad about never seeing any younger people there. Yeah, see, young people can't always keep $25K there to avoid fees, pay fees for a paltry selection of services, and be a regular visitor during work hours. Idiot. No wonder the government had to bail these morons out.
>>
USAA

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