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Archived threads in /biz/ - Business & Finance - 7173. page

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>"free" market
>insider trading is illegal
10 posts and 1 images submitted.
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>tell coworker your fears or concerns
>insider trading, 20 years
THE BOMBS BURSTTIIIING IN AIIR
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>>1291798
It actually isn't anymore. Read the recent news how the rules changed and the gov can't prosecute anymore.
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>>1291804
Direct source motherfucker.

Something that baffles me is that people spend so much time getting wealthy, and continue to just accumulate wealth until they die with it all.

I'm 27 and currently worth a little under 4m.

Last week I met a girl in a parking lot who I offered $2000 to come back to my place and do whatever I told her to do. Was one of the best experiences of my life.

My goal is to budget my money so I die with absolutely nothing left to my name, and enjoy a fucking fantastic life.

Why do wealthy people not do this more? They have the fucking world at their finger tips, yet they just spend their days being greedy cunts, trying to accumulate more and more until they die.
19 posts and 1 images submitted.
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bro just start a porn site.

>be wealthy
>pay bitches to fuck you
>post vids
>generate a small return on expense

but anyways, i agree with you. i want money for the freedom it means to me. i want to travel and learn languages, subjects, and instruments in my spare time. not doing too much of that being a wageslave. working on escaping the rat race but it's slow.
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Everyone looks down on the poor in heaven and hell. You better die rich or you'll spend eternity being a bitch.
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>>1291761
Good luck man, I hope you make it!

Hello. How is the best way to buy Bitcoins in Latin America? I don't have any trusted sellers in my country. How should I buy Trumpcoins after getting them? First time doing this... Thanks Anons!
15 posts and 1 images submitted.
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>>1291650
what country are you in?
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>>1291665
I can't say.... but can I buy BC by making a transfer to the US for example? I want to make it as anonymous as possible.
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Well from the sounds of it legality is an issue, I understand as my father was involved with the Colombian cartels and i know how much money they work with. Would you happen to be working with that much money? upwards of millions?

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Robinhood General Thread - /rgt/

GEVO test flight edition

Visit the website first - www.robinhood.com

Candlestick charting guideline:
> http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks

FAQs
> How is it free?
They invest your unsettled funds after a trade.
It's also pretty basic software.

> When is it coming to my country?
Probably never. They only have plans on an Australian beta ( https://robinhood.com/au/).

> It's been X days, why isn't my account isn't verified yet?
If it takes more than 3 days, try emailing their support. They are very good.

> Is this the right place to pump and dump and/or shill a worthless stock?
No, please go to Stocktwits, Plebbit, or one of our many chat groups.

> What's a good penny stock to invest in?
Don't buy penny stocks you cum guzzling mouth breathing retard.

> I hit sell when the stock was X.XX, but it actually sold at a lower price, am I being jewed?
No, that would actually be illegal. Robinhood graphs are just shit and only show you an average, not-really-realtime price. To get Bid/Ask prices and important things like candlestick graphs, you should use a more robust platform.

> Where can I get better charting or bid/ask?
thinkorswim is bretty gud if you want to go open a second account with real broker.
Otherwise you should be using Yahoo/Google finance or even Stocktwits for your graphing in addition to Robinhood.
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CERU ma nigga
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Who else /GEVOmoonyacht/?
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Always wanted to ask, how do you guys fund this whole thing in general? You all using your life savings, or do you have a specific amount of money you set aside for stocks.
I got 10,000 and im trying to find a place on how much money i'm comfortable on using.

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I am new to everything business related. But my fathers poor decisions are drowning my family in debt. Can you guys be honest is it a good time for me to invest in bitcoins or am I too late? I just need to get my family out of debt I know this is not the easiest way but just looking to make some pocket money before really investing.
20 posts and 4 images submitted.
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Self Bump. Also can you guys suggest any way to make some money? I live in europe. Low risk low reward or high risk high reward. Thank you guys.
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>>1291438
Hey don't tell anyone I showed you kid but if you wanna get rich like a /biz/iness man just follow the guide.
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>>1291438
>before really investing

I am no stock fag but some Anon can correct me if I am wrong, but if I understand correctly you will need a large sum of money if you want to make big bucks investing.

Some small change is nice but if you want to "really" start investing you will need a large amount of capital.

IMO it would be easier to take out a fucking business charity loan or any loan and start a small business if you had the time.

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I have an interview in a few days at an engineering company, but the location they told me to meet is a brewery. Should I take the informal setting to mean that it's casual and I don't need to suit up?
9 posts and 2 images submitted.
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try to make a joke about not knowing whether or not you should try and blend with the common folk or dress for business.
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>>1291340
unless you're not in contact with them. if not, i'd go for a button up with slacks and oxfords at least. sort of in between.
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Just wear a shirt and tie like every other respectable member of society asking for employment. Once you know the rules, things can change

I wouldn't wear a jacket to a brewery especially in the summer

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wat do
32 posts and 2 images submitted.
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Buy trumpcoins
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VOO
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>>1291309
share some of that $$$ make some one happy :) Does not have to be a lot to put a smile on someones face.

What steps are taken to go from speculation to investing?
8 posts and 2 images submitted.
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>>1291238
I hear it's difficult.
Unless you're like, Barren Buffet, or something.
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Who's the girl?
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>>1291913
Nevermind, Alice Johnson I think.

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How fucked am I /biz/?

>getting degree in 1.5 years, major in accounting
>want to become CPA
>all the workshop events I've been too say the firms want someone with experience and is outgoing
>only work experience I have is landscaping, pressure washing and soulless retail
>have 0 volunteer experience
>don't have anything interesting about me

Is it going to be impossible to find a firm to take me under their wing?
13 posts and 2 images submitted.
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Accountants are in demand, so you're not fucked. It's a shit job though, is it really worh it to puruse?
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>>1291081
I really enjoy accounting so I have no problem pursuing it.
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>>1291081
How is it shit?
I'm currently majoring in it but im a freshman so it doesn't matter and I want to switch to MIS as you work usually more than the 40 hr workweek (44-50) which isn't bad, but much better than accounting during high season where you literally only are able to sleep and work which sounds like hell

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I've got an amount of money in IRAs and I don't want to wait until I'm half-dead at age 59.5 to withdraw it without penalty.

I'd like to setup an account in an offshore tax haven and move the money there, then dodge the law when they come looking for me.

a) Does my financial institution assess early withdrawal penalties on behalf of the IRS?

b) Would anything prevent me from transferring sums over a certain amount to a foreign bank?
13 posts and 1 images submitted.
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>>1290883
Jesus fuck, just minimise what you put in an IRA and keep the money for yourself. Fucking clown.
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>>1290883
You don't own your IRA, your plan administrator does. You own a beneficial interest in the account. If you ask for it to be transferred to anywhere other than another qualified administrator, then your current administrator is going to code it as a distribution. This automatically triggers the IRS penalties unless you can prove than an exception applies.

So no, your plan has ZERO chance of working.

Also, I never understand why you idiots think your money is locked up in an IRA. Ten seconds of Googling would lead you to a SEPP plan. But you're too stupid to look.
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>>1290898
Because, summerfag, the SEPP rule applies to the 10% early distribution penalty only, and does not affect the treatment of distributions as income. In particular, Roth IRA distributions taken under the SEPP rule will be taxed as income a second time.

You'd know that if you read the wikipedia article.

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>no internship
Am I fucked? Is it too late? I graduate next year with finance degree.
8 posts and 1 images submitted.
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>>1290881
Yes. I hope you didn't take out loans
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>>1290881
Get an internship in your last year.

Hope you have good grades and can network with professors to land you a spot.
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>>1291073
>network
If I suck someone's dick I will have a higher chance of getting a job?

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>leaving your A/C on when you're not home
15 posts and 1 images submitted.
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I do this because I don't pay for water or power
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>>1290727
Except you do. If your living off the government it comes back to you with higher taxes. If your a renter it comes back to you with higher rent.
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Depending on the situation it may be cheaper to leave the A/C on and maintain a steady temp.

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So anons, as a normal, nerdy internet kid who has had some success building online businesses, I spent a week back in my hometown a while back. I now live in a bigger city in my country, moved here although I didn't know anyone for the opportunities. So I met old friends at my hometown, right? We hung out, we talked we drank beer. Some of these guys I haven't seen in over 2 years. I've changed a lot (I dress a bit more fancy and grownup I guess). They also pointed out how I talk differently. I don't use slurs like 'fuck bitches' etc. It only became clear to me how plebeian my friends sounded, after hearing them.

Anyway the biggest point is... I've become quite successful. They all still work their shit jobs and their lifes have basically not changed at all, aside from them getting older. I have all these interests I was excited to talk about, that none of them cared for at all (cryptocurrencies, technology, stocks and the politics relevant to them). They talked about the same old plans they had ages ago, but it was so obvious to me they would never engage those plans and try to realize them. So I started trying to give advice (some of them accused me of actually being on welfare and putting up a facade trying to appear like something I'm not), tried to tell them about my own initial failures and what I learned from them... they became increasingly hostile and offended. Beer after beer I started becoming a bit quieter, reserved and introspective. By the end of the night... and this came as a shock to myself... I felt like they were a different type of people than I am. I felt like they were 'those guys' and I was 'one of the doers'. I feel a bit bad saying this but I felt superiority and pity. And I realized that moment as well that most advice would be wasted on them anyway.

tldr: anon got redpilled on low ambition, lazy sheeple. anon now feels lonely af.
24 posts and 1 images submitted.
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I only have one friend left. I transferred from community college Costco worker to Ivy League startup kid in two years. My own father doesn't really like the new me even. It's okay anon. Success is company enough
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>>1290687
This is typical.
Basically your peers have to be on the same level as otherwise you don't have the same things to talk about.
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>>1290687
>Some guy you haven't seen in 2 years comes to your place
>Tells you that you're living your life incorrectly
>Tells you that you should behave differently
>Is persistent about it

I'd be annoyed too. I'm sure they're not innocent, but, if I were a betting man, I'd say that you were being off putting. Why not ask them about what they like?

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>find a shitty stock trading algorithm that consistently loses money
>reprogram it to do the opposite of what the original said it should
>the program will now consistently gain money

Can someone explain why this doesn't work? Or does it and nobody thought of it yet?
8 posts and 2 images submitted.
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>>1290663
Why do you think making a program that consistently loses money would be any easier to make than one that consistently gains?
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You can't inverse an algorithm........
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>>1290666
Because making completely random trades will make you lose out in the long run.

In order to write a program which consistently gains requires some actual thought.

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I opened a business with my friend. It was supposed to be 50/50 and he had to put his grandfather on the business so that he could cosign some equipment loans.

Things went south, he offered to buy me out. I agreed, then he kept lowering his buyout until now, it's half what it was. I think my only leverage in this is I can sue him, but I don't have the money for legal fees.

Then I looked today, and he has removed me from the corporation. Without my consent. How can he even do that?
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>>1290585

you are kinda fucked. get a lawyer asap, don't waste time on /biz/. if you think you can't afford his fees, the truth is you can't afford not to.
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>>1290585
>removed me from the corporation
what do you mean? do you own 50% of the stock? do you have stock certificates or an official stock registry? is your company even worth anything?
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>>1290628
The company should be worth at least 150k, but that's just a rough estimate. It does 10,000 in gross revenue a month, but it isn't profitable yet. But if we were to sell, we'd profit. Me and my business partner went down to 25% each and his grandfather went up to 50% so he had the majority in the company for cosigning reasons. It's not like I want 25% of the business, I just want my 20k back. And he's only offering me 10

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