>parents mortgage a $300k house in NYC for 15 years
>finally paid off loan a few weeks ago
>the house is now estimated at 1.2 mill
>parents barely speak English so they want me to take care of everything
What would be the best course of action here?
Should I sell the house and buy another one in Staten Island? Houses there are going for 600-700k and its way bigger than the one we own now.
Or should we continue renting out this house?since the value has been going up every year
>>1492765
Once a house is payed off....you shouldnt care what it is worth.
Do you love where you live? Then stay.
Do you want to move out? Then sell.
You might want to keep it and pass it on to future generations.....shit is only going up especially in jew york.
What you should do is really dependant on what you want at this point. Grow the net worth? Be secure? Get some passive income?
What's the objective?
Take out a $3 million fire insurance policy. Also take out a $10 million life insurance policy on yourself and mill yourself by burning down the house.
Judging by this forum, in 5-10 years the crypto markets will be much bigger than they are now and will take significant share from traditional markets.
Literally holding $1000- $2000 of any cryptocurrency or a selection of crypto currencies will make you a millionaire in 10 years time.
>>1492714
>Vitalik
Ethereum will get rekt by regulators
>what a great idea! now anyone can sell illegal securities
this will be banned
>>1492724
Crypto is literally inpossible to regulate.
There are already functioning decentralised exchanges, if the government tries to regulate the centralised ones people will just start using the decentralised ones.
Torrenting and media piracy has been illegal for a while now and it's still going on.
Welcome to the future
>decentralized exchanges
Any decentralized exchange involving fiat requires centralized money transfer services which can be regulated
Why the fuck are Baby Boomers so bad with money?
I gave my aunt $1000 two months ago, so she could have electricity and buy groceries for my little cousins. I visit her yesterday and find a fucking new television in their living room.
My own parents were flabbergasted that I had more than $10,000 in my checking account.
Kek.
I gave my uncle some money about a month ago and he used it to repaint the interior of his room.
answer is probbably the safety of living they experienced during their 20-50s.
dont be mad at them.
be mad at them when the state wants your money because your parents saved nothing for retirement.
poor people are often poor for a reason and lack money management skills
you should have gotten the account number for her electricity and then used your bank's billpay, and given her gift cards for the grocery store (almost all grocery stores prohibit using their store gift cards to buy other giftcards, so that would limit the person to buying shit from the grocery store).
'Think big' - Donald Trump
And yet he just owns some golf courses, apartment buildings and hotels. Hasn't invented anything, hasn't created anything fundamentally new, hasn't made a scientific discovery or solved a major national or international problem, hasn't cured ageing or reversed Alzheimer's.
Sad!
>>1492536
Not being poor anymore
The ability tp spend money and not worry
My dream of starting a eco farm and outcompeting conventional farming on quality and cost (or at least become self-sufficient with products to sell at markets on top)
The numerous vacations, festivals and concerts I can choose to go to/on without worrying about financials
>>1492545
being a hippie cuck is not compatible with /biz/
Post yours, rate/hate others'
>inb4 "MUH DATA MINING"
>>1492468
Canadian scores are a bit different. I think max is 900.
Im 745
>>1492492
So do Americans. OP is a faggot.
>>1492468
>using Experian
Completely useless service considering the fact that every company use their own independent credit score check system
MSTX/Biotech thread
>what is MSTX?
Mast Therapeutics Inc.
>why should I care?
They're due to release phase 3 data for the results of their drug, ANX-188 - Vepoloxamer, sometime this month. Vepoloxamer is used to treat sickle cell disease (specifically the extremely painful fits that last days) and has been granted orphan drug status.
>MSTX corporate overview
https://www.sec.gov/Archives/edgar/data/1160308/000156459015007971/mstx-ex991_6.htm
>MSTX joins sickle cell coalition shortly before study results
http://finance.yahoo.com/news/mast-therapeutics-joins-sickle-cell-120000844.html
>MSTX has Vepoloxamer patented in several countries
http://www.prnewswire.com/news-releases/mast-therapeutics-announces-issuance-of-composition-of-matter-patent-covering-vepoloxamer-300308192.html
>decent article on MSTX and this drug's history
https://www.thestreet.com/story/13567997/3/mast-sickle-cell-drug-seeks-to-defy-long-odds-like-leicester-city.html
>>1492410
From where do you get this info?
I don't understand how anyone could fall for this Keynesian economics meme. It's going to cause the biggest economic collapse the world has ever known.
Keynesian economics is basically just doubling down on a losing trade. Like when you buy blockbuster at $22 in 2004, and then it drops to $20 so you buy more, then $15 so you buy more, and $10, more.
Now it's fucking worth $0.
This is what I understand Keynesian economics to be on a global economic scale. What economy is going down? Better print more money get people to make bigger more desperate bets. What it's still going down faster?! Better print even MORE money and make even BIGGER bets. Surely when that money is invested correctly wel'l come back to break even.
Really that's all it is. it's a fucking martignale strategy with the global economy.
How the fuck has the world come to this? Where a handful of very smart people are essentially employing a very slow and large martingale strategy on the livelihoods of everyone?
>>1492389
1% of the population is "intelligent". most people who are intelligent want nothing to do with economics and are drawn to more challenging fields like science/math. this is how we fucked up. the smart people were so busy being smart, they forgot they were letting retards make their laws and economic policies. we are screwed. luckily our consequences will never really be what they should be. there will be a deus ex machina moment and these problems will go away after a few years-decades of tough times.
Well I mean the alternative to stimulus is to let an irrational market drag down all businesses in a spiral where even the most steadfast company can't stay afloat. You decide which one is more conducive to maintaining the creation of wealth.
Also don't forget the social and societal costs of having to wait out a depression.
Economics itself is a meme
>havn't been on /biz/ for a while
>check the catalog
>people still hyping crypos as investments
seriously guys, cropto is a trade medium
trading them is like buying thousands of US dollar bills and speculating on the exchange rate
but even more foolish, because there is litterally nothing backing these "currencies" exept from inflation
inflation that is fact, generated solely from other people buying them under the same delusion
it's just another manifestation of a ponzi scheme, you buy a worthless product, hype it as much as you humanly can, then try to sell it off to other idiots who do the same
your crypto could be based on marbles, shells, stock in fake companies, positions in a fake buisiness
it will end in tears when these people who tell you they are winning realize they have a million play monies that nobody will buy
and government crack down on them for false trader listings/barter violations/lack of risk holdings/P2P pyramid marketing
are people really STILL this stupid
>>1492352
why are you so upset about it?
Most people on biz aren't hyping them as long term investments, but short term holds over a few months at most. Bitcoin is different as that seems to have established the most legitimacy of all cryptos, so naturally some suggest long term holding.
Speculating in cryptos is a great way to make easy money. The simple fact is buying monero when all the dark net news came out helped me get 136 xmr at .0056 and I sold at .0214. I made around 400% doing nothing, trading these fake coins that you hate so much. Best part is if I bought when I first saw it a monero thread on /biz/ I would've made 1000% or even more.
you'd be stupid to ignore an opportunity to make easymoney, regardless of how much you disagree with it.
>>1492352
If you can sell something for ten times more than you bought it for why do you give a shit that it's backed by fairy dust?
>>1492352
t.Rothchild shill
Hey guys, I've recently gotten my MD and plan on specializing in Allergy/Immunology. The median salary varies but typically land around 180k. Its a good salary for a single man but I'm married and the wife and I plan on having a couple of kids soon.
So with 180k per year, how does that bode with a family of 4? I'm in the SoCal area but possibly considering moving to NorCal or even elsewhere across the state.
>>1492338
I raised 2 kids on $30k, you should be fine.
your housing costs a lot more than mine does, but other than that prices where I live are similar to yours.
>>1492338
People raise families with far less. If an MD can't manage a family of 4 what fucking hope does everyone else have?
You're an idiot. Either specify exactly what you consider to entail raising your kids such as private schools and a million dollar house or get out. This is not an ego boosting session.
>>1492338
ignore these poorfags. You cannot afford a house for 4 people in SoCal on only $180K. Is your wife mentally disabled or something? In what century do women stop working to shit out kids? I didn't think it was this one
Xvc - Vcash
Monero is slow and will be bloated
Vcash, has instant transaction and quick synch, so it can be used on many devices
Dark net Markets would be better off using Vcash
Once monero is proven bloaty Vcash will take its place
DNM are better off
>>1492288
I honestly don't know why Monero of all the dark cryptos is ascending right now.
Vcash is a Dash fork, why not just use the more widespread and established, and more liquid Dash? Don't forget no one gives a shit about instamine.
>>1492295
Vcash is built from scratch
>>1492288
https://bitcointalk.org/index.php?topic=1442193.msg16154198;topicseen
It's the year 1960, and you live in socialist Yugoslavia. Yugoslavia is a bit different from the USSR, because it's a market socialist economy: there is some central planning (like any market economy), but most business is left to decentralized, autonomous co-ops. There is also a black market, and there are no taxes.
What would you do to start a business? Would you try to get some friends together and apply for funding for a co-op? Would you contact some Westerners and try to start up a smuggling operation? What sort of product would you sell, and how would you prevent it from crashing or getting shut down?
I find a way to connect the quality and affordable shoes of the West with Yugoslavia.
I become a millionaire by selling luxury goods
Underrated thread.
>>1492076
try to smuggle and sell ANY western product
>goli otok
open own business
>get fucked by the workers, none of them works, all slack, get large benefits due to the idiocy of the socialist regime
the dictator was one retarded fuck, he managed to fuck up a country he hijacked, that had a lot of potential, into a communist shithole and later into war.
t. was there, done that, got arrested for selling jeans from Trieste in the 80's
does anyone have any experience getting off the call list for those fucking automated scam calls?
I fucked up and answered a spam call a couple years back and it put me in hell. Some hajeeb claiming he works for microsoft and my computer notified them that i have a virus and he wants to fix it for me.
since then I've been getting 2-3 calls a day. googling the number before i answer tells me they're automated call recordings trying to get your cc number etc. lots of htem are overseas scammers .
anyone know how to get off the list without changing my number? I'll lose a ton of business changing numbers
PS: keep in mind these are people in other countries spoofing their numbers and doing things completely illegally, the national do not call list doesn't do SHIT to stop these
>>1492002
bumping for interest... at home I am getting calls all day long, really annoying.
fucking bump, I registered a website with godaddy and now I get a call from pajeet every damn day, I fucked up and put my real number on the sign up, I changed it a few days after I realized I fucked up but I get my number is still in their databases
it's a different a number every time, shit sucks
i really dont get their tactics
you get someones number, fine. You start spamming them and trying to pitch your scam on them, fine.
But when youve had a successful contact with the person and the pitch failed misserably, much less when theyve called you out for being a bullshit hajeeb scammer, why do you keep his number in circulation?
At that point i've made it clear that i know what you're tyring to do and wont be falling for your bullshit, any further efforts spent on me from that point forward is wasted time and money
How much you would you need to be worth to comfortably buy a $60 million house. Don't say you wouldn't because you are
1 Billion USD
At least $600million
In other words, only 5 years of shilling cryptocurrencies on /biz/
>>1491777
>$60 million house
ITT Best and worst things about working in NYC
>>1491369
best> networking/opportunities
worst> rent/lonliness
maybe you should invent an app to help ppl in nyc network and get together at cheap yet hip venues.
>>1491369
Best - being near london.
Worst - being in England.
>>1491369
I work in NJ and live in Jersey. Definitely wouldn't want to live in the city, I need a place to go back to that's got peace and quiet.
pros
>big earning potential
>networking opportunities, including international
>top institutions
>finance center of the world
>it's cool the first year
cons
>everything is expensive. 14 dollar commute including subway. Bottled water is 2 dollars at a cuckreade
>smells like poo ass
>too many people everywhere, like all the time
> you're underground most of the time anyway
What's the biggest mistake you've made in trying to make money?
I bought $1500 worth of grain free dog food from a wholesaler, thinking I could flip it on eBay. I sold one bag and the customer demanded a refund.
Going to university
>>1490635
I spent a year of my life and $10,000 trying to make it at a prop firm.
>>1490635
Why did he demand a refund