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Archived threads in /biz/ - Business & Finance - 6646. page

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STOP. NOW.
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>>1507460
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>>1507460
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>>1507462
>>1507468
THIS NEEDS TO STOP

/biz/ has more potential

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Are you ready for the worst day of the year for the stock market?
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>>1507430
Hell yeah bruh.

Got 500,000 shares of tvix
3.1 million shares of srty
shorted 8.9 million shares of aapl
shorted 2.4 million shares of nflx
bought 5 tons of gold

Come at me /biz/
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>>1507430
kek, i love these threads
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Watch out /biz/, at 2AM on Sunday ALL markets will crash to NEGATIVE 600 MILLION. BUY KEKCOIN NOW IT IS YOUR ONLY HOPE.

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Can an employer dismiss you from a 12 month contract after 2 weeks?
Because that's what's happened to me.
They didn't have a real good reason, they just said they're going to" reassess" the position to see if they actually need it. But I think it was just a different way to say I wasn't good enough.
I feel like it's not fair though, I didn't do anything at all wrong, there was no conflict or anything, I just feel like I didn't get a chance.
Can I do anything??? I'm in Australia btw
8 posts and 1 images submitted.
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>>1507418
It probably says in the contract that they or either party can terminate it with a certain amount of notice or no notice.
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Which industry do you work in?

When I am staff heavy I terminate the contract or reduct it's commitment by using the "as the business requires" clause under the award, or Union agreement.

Salary is terminated by removing the position and recreating it by reallocating the tasks under a new title and adding or subtracting some responsibilities.

Fair work has no issues with these methods.

But, in fairness if you are intact an asset to the company you have every right to ask for clarification.

Be prepared for the "value" question though. How do you provide value to the company and your position, both monetarily and intrinsically.
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>>1507446
*in fact

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Confusing as fuck?
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Same thing with s&p 500
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>>1507400
Those are the different exchanges they're sold on.
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>>1507440
But they all have different prices

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We are a small tech startup that has been running for about 18 months. We only have 4 people who are directors and shareholders, each with a 25% stake. We have worked on our project for a long time and are close to releasing it and earning money. One of our members has a drug problem and is a dropkick dickhead. Due to these problems and a bunch of other shit we have decided that we need to remove a him from the company entirely. Does anyone have tips and ideas about how we should go about this?
17 posts and 5 images submitted.
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Fucking shoot him, you pussy
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>>1507311
Buy him out. He could use the money for his drugs.
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>>1507311
What does your start up do? Why services do you offer? I could answer your question better with that info, plus I'm just curious

Hey /biz/, today I talked to a very intelligent gentleman. He was an older gentleman who had approached me at my job and just started bullshitting with me. Anyways, he was in his 70s, had 5 houses, boats, a plane, and could buy any car he wanted. At first I took his story with skepticism, but he had proof with him.

Eventually we had got onto the topic of money, saving, banks, and retirement. Now, I've never once thought of investing in my entire life, doing anything other than putting money into my bank account. From what he explained though, I'm being a complete idiot. I'm only 22, I've got some credit card debt and a card to pay off so the thought of investing anything anywhere never crossed my mind.

He told me three things that he did to be successful:

1. Invest in stocks the pay dividends
2. Real Estate - renting property
3. Roth IRA

He claims he was making 12% returns on average on his stocks, and when he was in a group of 15 guys it was more like 20% and sometimes even 50% on his investments.

He said he would make money renting houses and then even more money when he would sell them later.

Finally, he claimed he was making 15-19% returns in his IRA account.


All of these things really peaked my interests.

So /biz/, I know nothing about anything at all. What are some good materials to pick up and read to learn about these topics? Right now I work about 50-60 hours/week + Uber during a lot of my free time, and I want to start hitting up the gym again, so I feel like my time is very limited. So I'm wondering if anyone has advice to be able to fit learning about these topics into my schedule and eventually get started.

Thanks guys
29 posts and 2 images submitted.
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>>1507296
Since your post is well written, my advice is:

1. Listen to audio book when you're driving around uber or at work

2. Learn about long term investment

3. DO IT.

It's overly simple but the action part is the hardest for most people.
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Look up on youtube, rich dad poor dad audio part 1. You will know how to get started.
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>>1507296
>+ Uber during a lot of my free time
Can you please tell me more about this? I am thinking about doing it, but I have read that some people get paid less than minimum wage (in Australia) after they factor in all the costs, such as fuel, maintenance, insurance etc. As a trade, I will tell you what I know (which is not much).

Yes I've read investing in stocks that pay dividends is a good idea for basic investors, unless you know enough about the company and its future direction to know its stock will go up a lot. Buying and selling stocks very often will just result in very high broker fees. Better to let your money sit tight for a while and collect dividends. If you are worried about the risks in stocks, you could invest in an index fund or mutual fund. There are varying funds with varying levels of risk. Rent from real estate is a no-brainer, but don't sell an asset that is bringing in a profit unless you have to or you find a better deal (and everytime you sell there are fees etc, just like with stocks).

So yeah that uber thing... my town only has 120,000 people but they are advertising for uber drivers. I heard most people use the service on weekends, which would be good. But how much does it pay? How does it work?

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Have about 2k to invest. Should i open an account with Vanguard, or buy VOO? Pic very unrelated.
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I would buy a pack of beer with 2k
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Do you have an emergency fund? Any tax-advantaged accounts?
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>>1507318
This is side money reserved solely for this purpose.

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I setup my investing account with my dads bank, and I have a stock I want to buy that I've been watching since 2014.

Now do I just log in and buy le stock? What do I haz to do other than press trade?

What do I do when I want to sell?

I honestly only want to spend like $100 or so, the stock is <$1 each.

How do I report my income which i guess is capital gains? The money will come out of a TFSA account, I'm a Canadafag

There is also ways to avoid paying taxes on the stock if you keep it over some time right? Anyone know about this?
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>>1507258

>100 bucks
> taxes
>effort
>writing all this over 100 bucks
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>want to invest
>with $100

get out of here with that bullshit
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>>1507275

I'm authorized to spend whatever. I deem fit, but this is literally my first time faggot

I need to get a feel for how it works and how the website works

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Hey /biz/
I recently turned 18 and I'm still in my senior year in high school. My question is what should I do to prepare myself for the future? I've always wanted to be a businessman but that sounds like an extremely vague term. Specifically what should I research? What are my options? How much should I save up before I go into any sort of trading? I'm planning to pursue this on the side, until I hit college. Thanks for your help.
10 posts and 3 images submitted.
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>>1507231
Get a job and start saving. When you graduate, blow it on escorts and weed. Join the marine Corp, kill some muzzies then come back home for free college.
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>>1507231
If you have this many questions, you should NOT be enrolling in college. Get a full time job, save some money, and make long-term life decisions after you have some real world experience (which you will NOT find at college).

You will thank me when you turn 24 and realize that all your friends that went to college are massively in debt, and your real world job experience outweighs their women's studies degree.
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>>1507231
>What are my options?
you can generate a revenue stream or asset and then build a business around that. Trading would fall into that category if you somehow consistently make money at it.

businessmen in general buy a product or service from a supplier and sell it to an end user.

of the two, products and services, services are by far the more lucrative. Of the various end users you may sell to, businesses and governments are by far the more lucrative.

so you will find most businessmen sell services to businesses and governments.

some businessmen sell services to the public.

some sell products to businesses and governments.

some sell products to the public.

these are listed in descending order from most profitable to least. Selling goods to the public is the least profitable business to be in, and the only one most people can imagine.

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Hello darkness my old friend
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>$48.50
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Bought NVAX at 1.45


Will I make up my losses on monday? I think all of them are in a position to go green monday but I'm only 50/50 on NVAX doing that.
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Are you retarded? With that amount of money you should just invest in companies that have steady growth and a good track record. The risk/ reward ratio is just fukin dumb.

Brb risking 50 dollars for a 1.50 gain

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Which accounting software do you guys use for your business?
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>>1507177
QuickBooks and it's trash
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>>1507211
Yes. Same. I hate it so much. Fuck intuit.
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>>1507177
Deltek. anything else is garbage

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finance, business, engineering, or computer science? I'm unsure about what degree to get and would appreciate some advice. My main goal is to make as much money as possible, I'm also willing to work for myself if thats what it will take. Any advice?
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>>1507173
Get into sales. Every company needs somone to sell products, whether they are cars, ovens, stocks, tacos, whatever. If you want to make money, sell big, needed things like houses or cars, or companys or stocks or whatever.
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>>1507187
which degree is that? Also couldn't i end up in a dead end job?
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>>1507192
I mean that I could be stuck in mid to slightly higher range sales jobs until I retire or get lucky.

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I like how everyone just thinks they can put their money into a fund and get 6-7% every year. This board is a joke.
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Why don't you tell us your secrets then master

>Nightmare mode.
None of the following:
>Shitcoins
>Penny stocks
>Meme stocks (AMD)
>Options
>Forex
>MLM
>Food Trucks
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>>1507138
I split an $1200/month rent cost with 2 other (trustworthy) people. I work 40 hours a week and make $30,000 a year. Its not that hard, if your not fucking stupid.
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>>1507138
>I like how everyone just thinks they can put their money into a fund and get 6-7% every year. This board is a joke.
I know, right. 6-7%!

The actual 89-year average annual return for a diversified U.S. stock market fund is 10.1%

if you're going to shitpost, at least get your bait facts correct.

Hey /biz/ quick question, I know this thread doesn't belong here, but I think I would get a good answer from intelligent and all-knowing /biz/.
Do you think an average person could learn highschool level Mathematics and phyisics, all the curriculum, in a single year on his own?
I am in the last highschool year and just woke up to the reality that I wasted my life like a fucking retard with no discernment, or plan for the future.
how fucked am I?
13 posts and 1 images submitted.
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>>1507126
Go to a community college, retard.
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>>1507126
Just kill yourself.


We have enough lazy shitfucks mucking up the gene pool.
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>>1507126
>Do you think an average person could learn highschool level Mathematics and phyisics, all the curriculum, in a single year on his own?
Yes.

But the ideal situation would be to have the grades that proved you knew it.

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how can I help poor people?

should I study software engineering and economics?

I want to develop apps to help poor people.

Like a micro crowfunding mobile app so people can borrow money between them without banks intervention.
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Open a kneepad distribution center
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>>1507074
Ok, listen up:
We're going to make an app called "angels over Africa." See the app will allow poor Africans to create a profile with their picture and some basic info like what they want to do and, you know, some good deeds they've done recently.
>my name is Hyrimbe
>I'm 21 years old
>I want to open a popsicle stand but I need $32 to by parts for a refrigerator
>I helped an old lady milk her goat last night
>I haven't raped the neighbor girl in almost two weeks
Then you allow rich people to browse these profiles and donate or 'adopt' (i.e. sponsor) people they think are worthy.
>Look honey, Hyrimbe hasn't raped in almost a month!
>Let's give him cash for his business!

We'll do one for India and Pakistan and Brazil and Texas too.

It'll help poor ignorant wretches rise. It will give them a reason to stop raping and stealing and start doing good deeds they can put on their page. It will give rich people an outlet for their normal feelings of racism, classism, nationalism, elitism, guilt, and whatever else rich people feel.

Bonus, it's all tax deductible!
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>>1507074
Acquire investing capital
Learn language and custom's of target "poor people"
Find suitable industry in poor people area.
Engage in long term business using poor people as labor
Show them how civilized productive people act
Pay them a wage that gets them ahead in their area
Once the money is there the services will come
Fastforward 100 years, it's a sprawling metropolis named after you, statues of you everywhere.
People want to do better in poor countries, just look at the guy Nigeria elected.

Unless you mean in a wealthy country in which case it's impossible because they aren't really poor.

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