Archived threads in /biz/ - Business & Finance - 6780. page

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Has started programs to help***

So here's the deal...

The student loan rate is generally 7%. Which is fucking terrible. You can refinance at something like 3%. The problem is that the company you refinance with is private. And they can and will fuck your shit up the moment you miss a payment. Where as with the government they give you a lot of breaks, like IBR for example. Also the govt will let you drop all communication for a year before they even start the debt phone calls.

Really, neither is a good scenario, but I'd rather deal with the government than a private debt collector.

You can refinance through most banks, and get a sigifcantly lower interest rate. This can save you a significant amount of money in the long run, but you'll be expected to make your minimum payments under threat of significant credit repercussions if you were to mess up.

If you use Obama's income based repayment plan, you can significantly lower your overall monthly payments for the time being, but the interest rate will remain the same or might even go up depending on whether or not the loan was fixed. Ultimately you'll have more left over monthly disposable income, but can end up paying more money in the long run.

Best plan: Use income based repayment for the time being until you can secure a stable salary and comfortably afford what would normally be your standard payments. Refinance once you reach this point, and take advantage of lower interest.

>>1449911
If you aren't going to an elite target school in the North East and you're over the age of 19 then it's already too late

>>1449925

meme or serious?

>>1449927
no, he's a faggot.

seems like it has major potential even if it doesn't Moon I think it will have some nice ups.

Why cant we be the ones selling cheap stocks to people to get rich like the Wolf guy?

I want to be rich now

>>1449831
I use interactive brokers

theyre pretty great

>>1449843
but be aware you should pay for real-time market data
its worth it if youre going to be actively trading at all

>>1449843
Are the claims of it being cheap as fuck true?

how so, HFT is reactive rather than proactive.

HFT extracts money from the system without creating any actual value.

more liquidity, more trades, better spots, stronger brokerages and insurance.

I fail to see your point. sure you can't arb like you used to but that was more destructive than hft methinks.

link doesn't work yabitch.

>>1449718

https://discord.gg/YGh9w

Thanks for the free bump

>>1449559
Alaska. The timezone might be rough but they literally pay you to be there, virtually no taxes, and the community is tight.

>>1449561
I need good internet to keep my business going, and I've heard Alaska has shit internet.


I'm gonna be honest with you, I want to move to a place with no black or brown people, but not break the bank doing it.

>>1449569
New Hampshire

Won't matter faggot because if I'm accumulating that much capital day trading behind 6 monitors I will continue to stay behind those 6 monitors.

>Mansion or highrise condo?
Mansion
>Urban, Suburban, or innawoods?
Innawoods, particularly actual woods.
>Would you buy somewhere already remodeled, or try to do it yourself?
Do it myself.

Specifically here is what I want:

>A large, stately home built over a large wine and cheese cellar
>About 5 acres dedicated to a vinyard
>25 acres with mostly mulberry trees and a few oak trees
>A building to use for vinting etc
>Bee hives

We'd run it as a plantation, mostly having hired workers work it sometimes, but so that my kids can learn the value of hard work.

>>1449568
Classy, real classy.

I'd ask /k/ first.

>>1449342
in my state you take this BS straight to the State Police or the comptroller of public safety (that is who the sheriffs answer to, directly below the governor.)

Who cares, pawn shops are crooks.

People looking for overqualified workers to work for underpaid position.

>>1449341
Kek

>>1449336
I work at EY, what service line are you interviewing for? If its a staff (entry) position, behavioral questions mostly. Provide more info OP.

>>1449336
classic OP, abandoning his thread, oh what a card!

homework requests go on >>>/wsr/

Idiots who know nothing about politics or economics think it's a bad thing.

Then politicians (who know its not a bad thing) use it as a talking point to get the idiots' votes.

Now that I think about it this isn't really a repercussion as much as it is an annoyance.

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>>1448829
>huge debt
>not a bad thing

Are you working in a bank by chance?

Seriously though, it is a real problem as the way things are going it only takes one country to fail its debt payment obligations and the follow on effect of their default will set the rest off.

You have to factor in the government itself too; they offer us services, in return we pay taxes. Its the social contract. If the cost we pay is too much higher than the services we receive and people either riot, or move elsewhere, taking their cash with them.

Rogoff and Reinhardt's book "This Time Is Different" put forward a widely accepted theory that once the ratio of debt to GDP exceeds a certain level, growth is impossible. There is argument over how much that is, but its 70-99% .

The 2007/8 crisis revealed that many nations in the EU zone were illiquid as their spending exceeded their income.
The bailouts happened because not bailing out the banks would have been far worse as the debts would have to be recalled, from those who couldn't pay (as noted above).

Thus the taxpayer footed the bill. And it created a LOT of resentment. (Consequently why we are likely seeing a resurgence in alt-right and third party candidates across the developed world)

Its a serious issue, as to solve it there are only 2 options:
Pay it, or don't pay it.

Not paying it creates the debt spiral and social contracts are broken and nations will literally fall.

Paying it requires the current generation to get taxed 100% their entire lives and have their kids pay of the interest - Interest rates being at the physical lowest point ever right now, which will NOT last forever.

Thats untenable. So basically, the world governments are playing pass the parcel to avoid the political bomb that is a massive financial crisis that really is as bad as the Great Depression.

Niggers being morons and thinking debt isn't an issue are as dumb as fuckers who think the housing market will only ever go up.

>Fuck relationships. Fuck caring about people.
Feeling edgy and cynical does not mean you actually have the discipline and grit of a successful person.

Stop deluding yourself that you've became some kind of ubermensh with your silly "realization".

>>1448540
This.

You can't edge your way into success. Realize that hobbies friendships and relationships take the edge off and allow us to work 12 hours nonstop each day closer to success.

>>1448533
You cringey faggot

>>1448265
if your longterm is 10+ years, nah this isn't a bad time for it. S&P is very high, but that's what people said in 2000 and if they held until now, they'd have made ~300% in 16 years.

>>1448303
no one on this board has that sort of patience.

>>1448265
I'm waiting until after the election. I think no matter who gets elected, the market will dip in the first quarter.

>>1448240
Macquarie and Ganfeng downramping the WA lithium sector, merger dilluted the shares outstanding by issuing shares to GMM holders yesterday.

I sold some stocks to buy into GXY this week. I just hope it will get wired before thursday. fuck this is a golden opportunity.

>>1448242
>I sold some stocks to buy into GXY this week. I just hope it will get wired before thursday. fuck this is a golden opportunity.

I offloaded most of my GXY holdings at the start of the month and last bit at the start of this week.

Really tempted to jump back in tomorrow or Friday.

I'm interested in playing the sharemarket.

How successful are you both?

if neither of you mind my asking.

>>1447998
gold desu senpai.

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>>1447998
Ozark Trail Tumblers

>>1447998
Wait for spaceX IPO and buy that shit
Gold is meme unless something big crashes, also buy gold under 1k
Invent in eastern Europe
I'm into land. Return here is 4.5% of the current market price as a rent and the price grew about 5 times in 10 years due to eutogibs.