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Archived threads in /biz/ - Business & Finance - 6604. page

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Should I buy Deutschbank shares and short them as their value goes to zero? What is the best way to make money off their inevitable collapse?
12 posts and 1 images submitted.
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Buy them when they are super low and hope they dont go tits up and then hold for 3-4 years
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>>1541746
Is there any evidence to suggest they won't go under?
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>>1541754
No, they are fucked unless they get bailed out

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>he doesn't believe in Free Trade
How does it feel to be back in the 18th century?

Mercantilism died long ago yet people still spout the same stupid lines based upon protectionism and economic isolationism.
>muh infant industry
>muh exported jobs
>muh nationalism

Read a modern economics book you creeps. You'd realize that Free Trade allows everyone to gain. This is not a zero sum game. Your kind of thinking is how America got the Smoot-Hawley tariff (over some Swiss watches) passed back in the 1930s and fucked up the economy in more ways than people realized would happen. Countries that trade have incentives to avoid war. That brings us to the relative peace between nations we have today.

Go ahead. Build that stupid wall. Tax those evil corporate pigs. Destroy and counterract everything that brought the entire world to the wealth that we have today.
13 posts and 1 images submitted.
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>>1541657
Let it go mate.

There's no use trying to explain basic economics to a bunch of keyensian neck beards.

The psychological aberration of most people is so great that they could never imagine an economy without government intervention.
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Typical Millennial thinking. You probably watched a Youtube video and now you're trying out your new material before embarrassing yourself in front of others with your cringe-worthy myopic rants.

Trade restrictions are an exercise of government authority, and therefore must reflect and appropriate balance of government interests. Yes, those interests include maintaining good relations with foreign countries and providing cheaper goods to its citizens.

But those government interests also include encouraging nascent businesses, protecting domestic employment levels, and, on a broader level, promoting the interests of its own citizens over the interests of foreign nations. We don't elect governments to be economic calculating robots; we elect them to serve on our individual and collective behalf.

As with most topics, the right answer here isn't black or white. No nation should default to either open trade or closed borders as their default position. That's not how your strike the right balance between competing, legitimate interests.

The only people who say that free trade is the only right choice are the people too stupid to appreciate the circumstances where it's not. Same is true for those who advocate closed borders, for the record.

OP, you're a perfect example of the single worst danger to modern societies: people just barely intelligent enough to form a thought, but far too stupid to reach an intelligent opinion.
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>>1541695
0/10

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I'm in Canada and I am trying to decide between the two. What do you guys think is better solely for earning much more money?

I think the CFA is better because that knowledge can be used to further your own investments, whereas Accounting is only useable for clients who have more money.

Thoughts?

Also can I become a CFA in Canada? Is it a world wide thing?
17 posts and 1 images submitted.
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>>1541613
CFA and CPA are both about the same amount of work I've read. CFA charterholders are for people with real jobs in finance. CPAs are for Pajeets and Asians who need money right after undergrad to avoid getting deported or having to work in their parents' dry cleaners.
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>>1541638
Btw you might want some work experience and/or an MBA before going for CFA, and yes it's international.
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>>1541638
This is wrong.

The CPA takes 300-400 study hours.

Each section of the CFA (there are 3) takes 300-400 hours. The average time studied for the CFA is roughly 1,000 hours.

People typically get their CPA within the first few years of graduating as it opens up the field of public accounting (the shittiest field but it makes the most money).

Adversely, the average age that people attain their CFA is 29. This suggests that most graduates either get experience or go to grad school (or both) before obtaining their CFA.

You also need to consider, these certifications are for completely different career paths. Sure, they will compliment each other, but it doesn't make a lot of sense to spend time getting a CFA if you want to do tax. CFA is more prestigious and will probably make you more money. CPA is a safe bet and there isn't really the possibility that you'll waste time (unless you don't study and fail repeatedly like a retard).

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Is going into real estate the easiest way to get rich?
20 posts and 1 images submitted.
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commercial real esate is amazing if you know what your doing.

stay away from single family properties those are shit tier.
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>>1541602
Well some of us dont have millions lying around in their bank accounts, we all gotta start somewhere
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>>1541607
Do some research. The great thing about real esate is creative financing. You don't need millions at all.

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$340,000 Market Cap after a month and a half. .02 USD right now, fair ICO, hitting exchanges soon. Compiled completely on Pascal. Screenshot this. PASCAL Coin
13 posts and 1 images submitted.
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The market caps for these coins are essentially made up bullshit

Literally every single one of the dead shit coins just magically started with hundreds of thousands in market cap
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>>1541590
Pascal is a shit language. If this coil takes off people are really dumb
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I'd bet more on Lua than goddamn Pascal.

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Can you fucks explain to me how to buy and hold a bitcoin. Its quite clearly the future, but i have always dismissed its use once silkroad closed.
10 posts and 1 images submitted.
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>>1541442
Circle, coinbase, kraken. Google them.
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>>1541442
You can buy them from Coinbase.
If you can't figure out how to download and use a wallet on your own you are too technologically illiterate to use it anyway.
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>>1541477
Fuck you im an IT specialist that makes 89k yearly before bonus and I cant figure out how to buy these stupid fucking things

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/biz/ I'm doing it I'm ordering currency... trading currency!

I have no idea what I'm doing and these pips and pts and what nots, but I'll make it big.

I'll make this 1000 into 10k at... well shit this is going to take forever

Do you have to dedicate your heart and soul to small fractional percentage trades every minute to make it big?

Also investing in Rub won't Rub the NSA the wrong way right?
7 posts and 1 images submitted.
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>>1541431
You'll probably be broke before this thread dies.
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>>1541431
short usd/gbp long usd/gbp. either way you win literally 0 risk investing.
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>>1541431
>literally 0 risk investing
That's amazing.

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Why does nobody here understand basic economics? Do you all browse /pol/ or what?

It's amazing to see the idiocy of posters here who think
>trade is good for only foreigners
>keynsianism is still viable
>higher minimum wages will fix poverty
And the like

Seriously. What a joke.
12 posts and 1 images submitted.
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>>1541430


i don't get how you can say Keynesianism is still viable.

Either you never thought it was viable or you still do.

Its a school of though, it doesn't change viability.
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>>1541434
>Its a school of though, it doesn't change viability.
Schools of thought can be proven to be wrong. That's true in just about every science.
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>>1541452

ok, but if thousands of Economics PHDs are still arguing about it I don't think its been proven right or wrong yet.

Also, because Economics isn't a hard science, its possible that in some societies or countries Keynesiasm could be effective and in others it could be worthless depending on specific tastes and cultures.

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looking for thoughts....

So I work in Advertising for a newspaper and I have a meeting with a local sports promoter tomorrow to discuss exchanging tickets for advertising in our paper. The event is early next month.

I know his event isn't going to be televised (its a boxing event, about 1000 person venue). Anyways, Ive been bouncing the idea of offering to attempt to broker a broadcasting deal for him. For commission obviously.

So /biz/ I have literally no experience in this industry. What do you think the chances are of actually being able to secure a broadcasting deal, and how should I go about offering this to the promoter.

Any ideas would be helpful.
7 posts and 1 images submitted.
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In my head it seems so simple.

Ask him if I can try and sell the rights for a commission. I mean he has nothing to lose.

Then I just call a bunch of broadcasters offering the rights to broadcast the event for a good deal.

Am I missing something?
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>>1541429
...do you have the ear of any brodcasters? That is to say, do you know any of the commissioning editors closely enough that if he started cold calling he couldn't do the same?
What are you offering that he can't do himself?


How does it work with his current sponsors?

Sure you could bluff your way through it, but for fucksake RESEARCH RESEARCH RESEARCH if by blind chance he does agree to let you broker a deal, you better be able to make it happen.
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>>1541444

No the reality is I have no experience except all the cold calling Ive done for my current job.

And yes, their is no reason he can't do it himself, but his past events he never secured broadcasting deals as I assume matchmaking, and marketing the event is a shit ton of work in itself.

I know he also runs another business as well, which I assume keeps him busy.

But if by some chance he says "fuck it, if you can sell the rights Ill give you a cut" what are the chances of just cold calling networks and getting a deal done?

Ive done radio exchange deals for my newspaper by doing the same thing. Just cold calling and seeing what I can get. Is their any reason TV deals are different? And what do me or him have to lose?

The event is going to take place with or without a TV deal, so if I did secure one, wouldn't it just be icing?

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how to stop being afraid of trading?
i thought it was because i was scared of losing money so the simple fix was going SIM. but im too afraid to even trade a SIM account, what the fuck? it's like im more afraid of being wrong than anything else. im afraid of failing but what the hell can i do about it? the fear of failure is so great that i cant even place a $20 trade which is less than i make per hour at my shit manufacturing job.

how can some of you so easily throw your money around? i browse the robinhood general sometimes and you guys are just throwing money at the meme-est stocks ever like it's nothing. even when you guys lose you keep going.

teach me.

>tfw the stocks you had your eyes on are all up
13 posts and 2 images submitted.
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>>1541417

Being afraid of making a trade is just due to not knowing why you are making that particular trade in the first place. If you don't know what you are doing and why you are doing it then fear is natural.

If you are confident about a trade, then there is absolutely no reason to be afraid of doing the trade.
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>>1541417
Why are you afraid to trade a simulated account? You can't lose money paper trading. You have a mental disorder
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>>1541417

i used to be like you OP

Once you lose a trade that costs you over $1000 whithin like 30 seconds then you quickly become desensitized to the market.

and once you no longer fear losing money then you start getting cocky and thinking smart, thats when you start making money.

also you just gotta buy the dip

Interested in long term holding and protecting some wealth from various financial crises, possible future problems with the USD (inflation, etc)
6 posts and 1 images submitted.
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Gold.
Gold is the best choice (and then copper, this shit is getting harder to extract)
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>>1541419
Someone told me gold is overinflated since about 2010 or so, that its in a bubble and if I buy gold, itll probably lose like 30-40% of its value when the bubble ends
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>>1541410
Why not go copper?

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Hey guys!

So I am supposed to invest 50.000€ for my parents.

I thought about it for 3 days now and currently I wanna buy this mix:

apple 10000€

alphabet 15000€

gilead 5000€

celldex 4000€

ibm 4000€

basf 2000€

Aphria 5000€

Canopy 5000€


Is it ok? complete trash? should I drop one of them?

ideas are aprreciated!
8 posts and 1 images submitted.
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>>1541259
other than the last two your choices are horrible
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>>1541263
dont wanna go on complete risk.

google seems to still go up, they have many projects going etc.. price target is 950$, so I guess it is ok.

Not looking for that 300% return.
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>>1541259
>supposed to invest 50.000€ for my parents
Your parents don't have internet access?
Otherwise, why the hell would they want you to do it?

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Can anyone help me clear a £900 overdraft and close my account with Bank of Scotland?
6 posts and 2 images submitted.
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>>1541249
why clear anything? just tell them to fuck themselves and don't answer their phone calls.
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>>1541249
What do you mean "clear" it? They might waive the overdraft FEE is you beg them but the 900 you spend is your own responsibility. That being said, you can just not pay it and it probably won't get sent to collections, since it wouldn't be worth it. Unless they wanna make an example of you. I owed ebay $150 and they never even dinged my credit score. You might not be as lucky.
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>>1541249
900 isnt too much, maybe they will ignore you

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Complete trading newbie here, but I'm intrigued and wanna give it a shot. Not going to invest too much to begin (very little actually). I want to get the hang of it first. What do you fags use to trade? How do I start?

Free BJ to the dude that helps me first
22 posts and 4 images submitted.
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>>1541224
if youre in the USA try the robinhood app. it has 0 commission.

check the robinhood general /rgt/
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>>1541267
Should've specified I'm a Leaf
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>>1541289
>Should've specified I'm a Leaf

What is a Leaf?

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What is the biggest loan I can get as a first year college student?

I'm not talking financial aid or anything, but cold hard cash(or money sent to my bank account).

I don't plan on using this money to pay off my student debt, in fact, I don't plan on anything, but I had a funny idea, that I would get a huge loan, spend it all on some cryptocurrency, and hope that the price picks up quick enough and high enough that I could pay off the loan, and my student debt as well.
If not, I would probably be just as screwed anyway, and it's not like they have debtors prison anyway, so what do I have to lose?

Yes, I know this is a really stupid idea, and I don't plan on doing it, but as I hypothetical, I think it would be pretty fucking funny.

So again, as a college student, what is the biggest loan I could get?
What if I lied, and said that I wasn't a college student, and that I needed a loan for my business, would that make any difference? Is there anything else that they consider when determining how big of a loan they can give you?

Would I even be able to get a loan from a bank, or would I be stuck with some "cash quick" sleazy type of deal?
I don't really know jack shit about finance, so that's why I ask.
7 posts and 1 images submitted.
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>>1541207
what kind of profits have you made off of cryptos so far?
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I don't think they would have given me anything when I was student unless my parents signed as gaurantors.
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>>1541207
without credit history or collateral you wont get shit

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