My grandpa just passed away and I inherited $20k. I know nothing about money.
What's a smart way to invest it?
stocks, etf, indexes, crypto
$KNPD if you dont chose any of the above
>>1419750
>$KNPD
?
>>1419747
I'd buy bitcoin.
That feeling when you had cash on bitfinex that you were going to move into etc today
It said btc has been stolen but im preparing myself to see a zero balance on my USD.
pray for me brothers
The notices states that only bitcoin was affected. If you had USD/ETH/ETC/LTC then you should be ok.
godspeed bit-anon, i hope your wealth wasnt ravaged
>>1419772
How about a leveraged etc position hedged in etc?
>Computer Breaks
>Motherboard fried
>I'll just liquidate a bitcoin
>look at prices
>crying over losing like $60
>unironically worshipping lol in Orcish
>>1419588
how many bitcoins do you own?
>>1419662
Just 3 bitcoins, not that big a deal, but still sucks
What the fuck is COCO and why is noone talking about it?
It's pronounced "cuck-ooh"
Amazing investment opportunity
You should buy it
>>1419537
its late night talk show host Conan O'brien publicly traded company, Team COCO
>>1419537
I saw its huge pump but don't know the volume behind it.
YAY PROFITED OFF ETC
aaaaand it's gone.
Fuck is going on with the trump?
Announcements.
>>1419446
ETC hitting 0.0065 soon for sure
>>1419446
Chicken is still involved and not turning over all of the Fund.
In other words, the coin is going to die because of a single person. Trade it in for ETC if you have any.
I started botting for video game currency/items in one of the games I play. I average about $100/week with one computer doing this. I'm considering going into a full blown operation and build 3 more cheap computers with specs just enough to do what I need. After one month
my initial investment will be recovered.
My question is if I take payments via paypal on an account not associated to me, will the IRS be able to come for me?
I would like to invest my paypal earnings, what would you lot recommend?
after $2k in earnings, they will demand photo id and also wil report your earnings to IRS. well that was the case with IRish accounts
Considering how many times I've seen an anime girl picture, it has to be the same person.
From what I know about online selling, you are told that you should keep noted 5k and above in case of getting audited. Paypal also only sends information when you reach 20k in sales. But as a video game botter, I don't exactly know if that would apply.
>>1419340
No, I am a different anime girl poster. I am receiving payment as "gifts" from "friends"...they are guildmates afterall. (They buy hundreds a month)
Ugh cryptos and stocks are the same thing. You need a huge amount of money in order to land it big.
But I want a real income without wasting my time staring at the graphs every single minute for a change.
How do i do it? Kickstarter, Patreon, facebook/instagram advertising, youtube? my own website platform for selling stuff?
>>1419277
why the fuck would that information be given out for free? Why don't you delete this thread and do your own research.
>>1419288
I'll give you a really good idea if you give me one too.
>my own website platform for selling stuff
That sounds retarded when Amazon exists, which seems like one of the best ways to make money as a location independent entrepreneur (this is the term people use).
http://tropicalmba.com/amazongold
http://empireflippers.com/junglescout
People private label existing products, putting their own branding on it and making minor improvements before selling it through Amazon.
There's tons of way to make money online, all of which take a significant commitment of work. I used to do nothing but research this stuff.
I've researched content marketing quite a bit as well (social media, youtube, blogging, podcasting etc) and people typically use that as a way to drive awareness to their products, though you can also get an affiliate commission for driving traffic to someone else's products. If you send someone to amazon, you get a commission on whatever they buy for 24 hours.
Affiliate marketing is a pretty low-level way to make money online. It takes a long time until you can get any traction and a lot of work put in.
There are whole international communities of Americans and other westerners living abroad in places like southest asia while running a business online.
>>1419288
What the fuck are you even talking about? If it's not a scam, why would someone care about sharing it?
I'm a brit who has around £1500 per month to invest. I currently have about 10 individual stocks in a few good FTSE 100 companies and since January I'm 8% up, current value £8,730. Pic related
Since I don't want to continue being raped by commisions, I have opened up an ISA share account with the intention of investing in index ETFs. Since my goal is to live off dividends, I have invested in iShares UK Dividend ETF since 6% yield is pretty delicious, however I believe I may get better long term dosh off better growth funds. My question is, what index funds do I invest in?
>Should I invest in the US S&P 500?
>Do I just find the highest, average long term growth?
>How many index ETFs should I own?
>>1419271
>RDSA
>not RDSB
WHY!?!?!??
DO YOU NOT CARE ABOUT TAX BENEFITS?
>>1419271
>>Should I invest in the US S&P 500?
Ideally yes, but i think it costs too much to invest in the us due to account fees etc. You need to have big money for it to be worthwhile. Just stick to a ftse100 tracker desu
RIT Capital. Managed by Rothschild pretty tasty returns. Put it in on a DRIP (Dividends Reinvestment Plan) and watch the money stack up before you start squeezing your money for dividends.
Another option is the Ruffer Total Return Fund. Both excellent funds with strong diversification and good managers for a very reasonable price. Both listed ETF's get involved.
Raising the minimum wage would be as follows:
>minimum wage is raised
>companies costs' increase
This can lead to a higher price level and (in a severe case) recession, so:
>in order to avoid a higher price level, governments can subsidize companies
>governments can subsidize companies with money derived from taxation or debt
debt is bad (especially for the United States). taxation, however:
>tax the richer in order to increase minimum wage
socialist fairy tale, right? Except:
>taxing the richer causes them to spend less which negatively impacts the economy equally as much as fiscal policy benefits it
>furthermore, since the rich are those that invest in and create new projects to drive actual economic growth, that slows down
So I think that from a purely growth-oriented economics standpoint, raising the minimum wage is a poor idea.
However, sometimes it is not just important to think about the broader picture, but also the littler people - a price floor might not be efficient but for fucks sake, these are peoples' lives we're talking about. Nobody in a society should be paid a wage that can't feed them.
So /biz/, what do you think? Raise the wage?
>>1419241
Fucking no. Raise it and less people will be employed. Expendable resources will be cut like butter.
>>1419241
That wage can feed them. It is not supposed to be a long term wage, however, those with less ambition as us don't pursue their own betterment. Why is that the fault of the rich?
Raise it to 15/hr slowly, and invest in infrastructure. Sure, you geniuses won't become millionaires as easily, but the overall state of the economy would improve, and American culture wouldn't be such a piece of shit.
I am a rental investor with 5 units (25yo), averaging approx. $180 cash flow per door each month after capex and vacancy reserves are deducted. Two things:
First, feel free to ask me whatever about my rentals.
Second, for other rental owners out there, where are you getting your hard money lenders? Admittedly, I operate in a smallish area and there are not many hard lenders around, but I was hoping to see how out of area cash would be to raise. Any insights or expertise?
Sounds like a lot of work and risk for $900. Why are your margins so thin?
It's actually almost no work, they are all managed professionally. I would guess I spend 5 hours per month on them.
Additionally, they were purchased from wholesalers below market because of specific repairs that were needed, mostly smoke. They were purchased with very little down, since they appraised higher than the purchase price.
Approximately $10-15k has been put into each unit to bring actual value up to and even exceeding appraised, so equity has gone from maybe $20k in 2013 to $180k today between improvements and market fluctuation. My total invested dollars are under $80k, so the margin is there, just not in the cash flow.
If I dropped the management I would make another maybe $130 per door, but I don't live in the state and have no desire to move to do day to day stuff.
>>1419240
This. pls post a balance sheet
When will the Boba Bubbleâ„¢ burst?
Why the fuck are there so many bubble tea threads on 4chan all of a sudden
>>1419219
2 years ago?
>>1419226
It's the same faggot that is insecure and even if we tell him it's the best idea ever will not see through it.
do u use trailing stops per default? and how u would set a trailing stop for a blue chip? 5%, 10%
>>1419193
Never use a stop loss. just dont.
>>1419220
pls explain!
>>1419193
You use something called Chandelier stop, automatically trails your stop as a fixed percentage of the ATR.
If you want to use a hard take profit, you can target monthly/weekly high/low.
How do I make a decent living working outdoors, especially in nature?
>>1419152
Yukon gold.
Hunt down wild animals and wrestle them.
>>1419152
Kneepads and mouthwash
What's some /biz/ required reading?
There is a chart that I'm sure someone will post but it's 90% self help memes.
The Little Book of Common sense investing -Bogle (TLDR: buy index funds and don't try to time the market)
Fooled by Randomness -N.N. Taleb
Capitalism and Freedom - Milton Friedman
books are overrated.. just stick around for a while on /biz/ and you'll get all the market knowledge in the universe.. not even joking
Eth was strong ,stronger than anyother crypto besides Btc
When Btc went up Eth was not harmed, which was huge for the crypto world
Everything always tanked when btc went up
Eth even started to go up when btc went up
Now, Etc caused this thing were other alt coins went down when it went up
FOR THE FIRST TIME IN HISTORY
An alt coin ETC is causing the king BTC to go down ALOT
This is history, and dare i say Etc will be the new king
>>1419072
You're an idiot. BTC and ETC fluctuations are independent. ETC is taking its value off the market cap of ETH; BTC is dropping due to the Bitfinex hack.
https://www.bitfinex.com/
>>1419081
See you in the next few weeks crying
Never trust a shill. Vitalik did, and look what's happening now to ETH. It's being devoured by greedy, crooked shills. That's what ETC represents, and that's all it represents.