Archived threads in /biz/ - Business & Finance - 6820. page

>>1436142
I at least owe them enough to respond to stale copypasta. If I know one thing, I know that much.

>>1436142
I borrowed some motor oil the last time I stopped by.
I guess I owe them that.

>>1436147
STOP

brilliant

no one has done this before for every subject in the world

>>1436143
>waaah the market is saturated
>waaaaah everything has been done
>waaaaaaaaah it's impossible to earn money doing anything

>>1436154

but its true.

>>1436121
I have an idea. Maybe you shouldnt have sex with your students.

>>1436121
I can't imagine where you're going with this line of thought, and I suggest you don't even try to explain.

>>1436131
People get in trouble for it all the time, I don't want to get falsely accused

>>1436074
Just do the minimum for full match since it's free money. Since you might need money for other things you shouldn't worry about building it up so fast.

>>1436074
Depending on the interest rate on your student loans, that may affect your decision to put a certain amount of money toward paying off the debt or putting it into a 401K. Another factor is what your salary is and how much money you need to live.

Assuming you make far than enough to cover your living expenses and side aside cash for emergencies (health, broken car, etc.), this is what I would recommend:

1. For certain, put 3% of your salary into the 401K because the company will match it dollar for dollar. This is a 100% return immediately.

2. If the interest on the student loans are greater than 6%, pay those off as quickly as possible before putting any additional money towards your 401K. In the current environment, most people and institutional investors would be hard-pressed to get a better than 6% return.

3. If, after putting in 3% of your pay for the 401K and paying whatever it is for your student debt, you still have money, put another 5% of you salary into the 401K, which according to you is matched 50 cents on the dollar. Some people might suggest contributing this additional 5% before paying down the student debt because of the immediate 50% return from the employer match but I would recommend against it. Student debt can never be discharged and any sort or mix-up or a late or missed payment could cause you to incur usurious fees. It's best to get rid of the student debt as soon as possible. Furthermore, expected returns over the next 7 or so years for stock markets are abysmal. While no one knows for certain that returns will be low, reliable statistical studies indicate that they will be poor.

Finally, since you know very little about investing, try to pick a low-fee, diversified index fund. You'll have to read the prospectuses to get that information and it's boring as heck. However, understand that it is your money and you need to understand how your money is going to be invested and how much you'll be charged in fees.

>>1437041

Note: Ideally, a diversified fund should be one that has investments in all sort of industries across a lot of countries. Investing in the S&P 500 is pretty good diversification but you're entirely concentrated on investing in the U.S., whose stock market relative to other markets is rather overpriced.

If you're curious, compare the holdings of the Vanguard 500 Index Fund (VOO) against the Vanguard Total World Stock Fund (VT). You can get this information from the quarterly updates for the funds at Vanguard's web site.

Finally, don't trade around especially if you don't understand this stuff very well. You have to sit on your hands in periods of high volatility if you expect to make good returns. If you trade around, you're likely to sell at bottoms and then buy back in near tops. Only the most skilled people should consider trading around and even for those people, a core portion of their assets should always be invested.

>>1436055
was it in IB? was it in a HF? IB looks for internships in IB, HF looks for internships in HF. so if it was more of an accounting firm, it surely doesn't hurt your resume. but not as much as you'd think.

try to use that experience to get an internship next summer in a field that you're actually aiming for.

>>1436055

buy monero

>>1436140
This. My firm doesn't give a flying fuck where you interned unless it was here or one of the other big guys.

>>1436031

FTC

>>1436032
I go to their website and file a complaint, right? Never done this before.

>>1436031
Whom. It's "whom," anon. You'll want to appear professional. You're dealing with the crooks among crooks here.

What do you work as?

File: Exkash Bitcoin Debit Card.png (241KB, 500x314px) Image search: [Google]

241KB, 500x314px

put it into e-currency and get a bitcoin debit cards 2 of them keep one in your wallet and one put away somewhere.

>>1436255
You really have to ask? He's obviously an English teacher.

>>1435787
sounds illegal

>>1435787
Because no-one will lend you money without collateral, dickhead.

>>1435787
>set up a limited liability company (literally free in my country)

impossible

Arcades have been dead in the US since the late 1990s. Initial startup costs are astronomical. The market is nostalgic millennials. Without a liquor license you won't make any money at all. Maintenance costs for gaming machines are horrible. Sanitation practices for gaming consoles will be awful. Some people abuse controllers. You will have members who literally will not leave the area. Why would I pay 40 dollars a month to use someone else's semen-encrusted gaming gear when I can pay 200 dollars for a permanent console and my own games that will last longer and that I won't have to wait for other people to finish with?

>>1435773
What about a 24/7 access water park?

>>1435763

I wouldn't say suburbs, more like urban ghetto area. Little niglets eat that shit up and parents will think its like the Boys and Girls club for them.

i give money to bums sometimes, if that counts

>>1435739

Unless i get a tax slip, no.

I give money to my university foundation
I give money to the Sierra Club, National Park Association, and am a member of the Sons of Confederate Veterans and American Legion.

>>1435715
Did pretty much what you're thinking of doing. Wife did most of the articles of incorporation and stuff like that (she had a decent amount of experience doing such things). Best advice I can give on the "business" side of things is to consistently use quickbooks. It's been great for handling the bid all the way to the invoice. So I'd say get some quick books training and research what legal entity you want to be (s-corp, llc, sole proprietorship). Feel free to ask any one questions.

>>1435731
>Best advice I can give on the "business" side of things is to consistently use quickbooks.
Ill definetly look into that, thank you very much

> what legal entity you want to be (s-corp, llc, sole proprietorship)
Most man and a van type operations would be a sole proprietorship, right?

What type of work do you do?
Where do you make most of your money?
How do you find most of your work?

>>1435731
Thanks heaps for the reply

They are separate.
A LLC is basically a partnership that has elected to be treated with Limited Liability as permitted by state law.
A corporation is an entity created by shareholders to perform some business.

A LLC has members
A corporation has shareholders.

>>1435708
That clears that part up... Im also wondering if the LLC can chose how it wants to be taxed , it can still be taxed like a corporation yes? Seems very confusing and blurred to me.

>>1435712
A LLC is taxed as a partnership, with all income passing through to its members to be taxed at the individual level.
A corporation is taxed as a corporation with income taxed at the corporate level, unless it elects S Corp status, in which case, all income is taxed at the personal level as passed through income.

Build wall

>>1435621
so hows life in murrica?

>>1435640
Bretty goober

>trolling /biz/

Is great!

It's like they WANT to give shit away...

>get package
>call amazon
>i didnt get my package
>got $150 back

pretty sweet desu senpai

>>1435570
I don't know about 'murica but where i'm from the grad job opens in first semester and close by the start of second semester. so if you graduate at the end of semester 1 then your chances of getting a graduate job are cut pretty harshly.

>>1435570
You don't get to meet the 10-30% of people who fail out of school their first semester

>>1435570

Sometimes certain classes are only offered during the fall