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Archived threads in /biz/ - Business & Finance - 7208. page

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Alright boys this might be the trade of a lifetime

Deutsche Bank
>Currently running a -$7 billion yearly deficit
>Getting hammered by SEC for failing to report loses after 2008 crash
>hammered by SEC for 37 employees insider trading and making deals that gave them 10s of millions in profits
>hammered by SEC for involvement in shifty russian businesses
>appellate courts just approved or either 16 or 17 new cases against the world largest banks
>Deutsche is over leveraged at 40x what they are worth in their financial derivatives exposure
>deutsche claim that they cover the nearly 74 trillion dollar gap in equity through CoCos (total fucking bullshit)
>credit rating dropped twice this year
>currently at a credit rating of just 2 above junk level where investment is no longer safe at the firm
>lost ~40-50% value in stock since the start of the year
>German government and Deutsche claim that everything is fine at Deutsche bank- *the red flag that everything is wrong at deutsche*
>Top executives fleeing the firm all over the world

So its pretty fucking obvious that Deutsche is fucking ruined and may possibly go bankrupt. So what happens after that?
Where does that 75 trillion in financial derivatives go? Who owns them? What are they valuing?

After the Euro crisis a couple years ago and the collapse of Greece, Spain, Italy, Ireland etc. all these countries badly needed to remove their shit tier credit so they could borrow more money so the country didnt fucking default. Now who is the retard who took the credit swaps on Greece, Italy, Spain, and Ireland's terrible debt? Deutsche Bank. These fuckers bought literally trillions of dollars in credit swaps to clean up nation's horrendous credit and debt troubles. Their entire fucking business plan is based off the unbelievably stupid idea that these countries will somehow pay back all these dog shit loans over time as if their entire national finances will change overnight.
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Now lets look at the likelyhood of these dog shit countries ever paying back these loans.

Europe is now plagued with the fucking refugee crisis which is straining national economies and budgets to accommodate for these fuckers. Where do most of these refugees come into europe through? Greece, Italy, and Spain. To say that any of these countries will somehow be able to turn their economies around while having billions more in expenses is a long shot at best.

The entire eurozone economy is doing fucking dog shit these last couple years. These retards actually managed to have negative GDP growth last year. The amount of regulations and quotas enforced by the EU bureaucracy is like a pair of fucking cement shoes on businesses in the EU.

The likelihood of more terrorist attacks within the EU also means bad news for the continent because people lose faith in europe's stability and political instability causes the depreciation of the Euro. The entire EU economy is based on the artificially high Euro currency so they can play on the global market. Most countries in europe have roughly 10-15 times less buying power than the US because of their dog shit currency. Everything in the EU is being propped up by the artificially high euro.

Britain exiting the EU is also looking like an increasingly likely outcome from their referendum which would fucking shatter the Euro so badly it would destroy continental europe.

Deutsche Bank is also the largest FOREX trader in the world, so keep in mind what that will do if they go bust.

So Deutsche is likely to collapse and their 40x over leveraged credit swap derivatives are fucking worthless and the loans might very well end up defaulting, but who owns these derivatives?
Other fucking banks.


Barclays, BNP, JPMorgan, Goldman Sachs, Citigroup, and multiple Chinese banks. Thats just what i could find and i guarantee that those arent the only ones.
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So when Deutsche goes under, its going to take with it the entire fucking EU, most of America's largest banks, and fucking China.

Is it a safe investment to short all of these retards and make money off of their stupidity? There could be millions in profits made off shorting these banks. Gold could also be a really strong option if the Euro collapses.

What do you guys think we should do to prepare for the coming shitstorm?
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Any ETA till shit will go down? 12 months?

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/fa/ didn't appreciate me making a thread on business casual, professional menswear because they're too busy camping out Supreme stores for the latest meme streetwear. They weren't so happy when I told them they weren't going to be 19 forever, so I figured it would be better to start a thread here. How do you dress for success /biz/?
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>>1266775
I would fuck you and I'm not even gay
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>>1266805
That's very sweet but i got this from google images
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>>1266808
post feet

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How to become rich? Since there are over 5000 millionares.
Whats their strategy?
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Fear of mediocrity
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>>1265759
>over 5000 millionaires
There's a hell of a lot more than that m8, $1m really isn't a lot of money
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>>1265786
How to get it then??

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We've done great work so far. Remember the plan.
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>>1265161
elaborate
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>>1265293

Shorting a worthless coin all the way to the ground, we've been playing the wrong sides all along, it's time to become the sellers.
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343.. Yes excellent

Hey /biz/.

I have a little bit of cash saved-up and want to invest some of it. I am thinking about $3,000-$4,000.

I had done some research and was thinking of using TradeKing. What does /biz/ think of tradeking or similar stock brokers? I may go with stocks or mutual funds, but I am going to do more research first.
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I've used tradeking. Low commissions and the app is decent. The site has been known to crash at times which can really screw you over when needing to place an order.
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>>1275789
Are there others you would recommend besides tradeking? The low commission is one of the draws for me.

I don't plan on doing high-volume trading, but downtime is a little concerning in case I ever need to make a quick trade.
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>>1275833
Go for Interactive Brokers.
Low commission, very good reliability and they got listed pretty much anything.

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Hey /biz just curious what trading platforms do you use and what are the fees?
Trying to look for alternative to Australian Banks as they all have like $20 or 1.5% fee for every transaction.

Any advice will be appreciated
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im in tears guys
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>>1275774
I use commsec.
$19.95 for transaction.
ehhhh
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>>1275802
I'm with Westpac
They are literally the same
Maybe the big 4 banks are price fixing

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Ok /biz/ someone help me out.

Believe it or not I actually won the lottery not too long ago and received £2500 in cash money. It's sitting on my back account right now. Problem is, I know myself, if I don't take care this money is gonna be gone before long...
So I've been reading a bit, asking people, and it seems like investing into buying assets is the hip thing to do.

Now, I understand the concept behind assets as a whole, but I have no idea where to actually start even looking for one. What are my options? What should I know or what should I read? Is £2500 even enough to start thinking about that kind of stuff? Some give me a clue... I don't wanna be broke again.
Hell any advice on how to properly save money would be appreciated.
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It all depends what your after, do you want to double your money or do you want to invest it and just be happy with a couple pounds in dividends?
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How old are you? Do you have a brokerage account? Read about indexes and how to assess stocks for long term growth. I'm assuming you're not planning on spending time on a daily basis shorting so you're going to want to look for long term growth in any stock you buy. If you legitimately don't want to lose this money you shouldn't touch it until you are VERY confident in your knowledge. Until then I'd recommend putting the money into something like the Vanguard Index Fund. It's a relatively low risk way to start using that money to make more money.
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>>1275722
like anon is trying to say
your situation will greatly depend on what you want to do with the funds.

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How to have the jew view on money? I need to reach jew levels of frugality and money saving. How do you guys do it?
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>>1275685
At 10% yearly return, $10 today becomes $11 next year, which becomes $12.10 in two years, $13.21 in three, $14.53 in four, and nearly $16 in five years. So every $10 you have now is actually worth $16 in five years. Now ask yourself. Is that Chipotle burrito worth 16 5-years-from-now dollars?
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>>1275685
Easy, be Jewish.
/Thread
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>>1275690
Without converting to judaism, I don't care about the six gorillian

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What's the most lucrative degrees? I've been debating between Computer science and engineering, but even then I wouldn't know what branch to go to. I don't might starting with a low wage cap, I'm just interested to know if there's actually a demand and not impossible to enter the market.
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>>1275613
Women's Studies
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>>1275613
I'm qualified as a tradesperson.

I don't do that type of work any more, but I earn 250-300k per year and have done for years.
Had my own business for the past 3 of those years.

It's not about the degree, it is about where it takes you and the experience you can gain.
Or it you're planning on being a wage slave look at job vacancies and the salaries and choose the degree that best fits your goals.
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>>1275748
Dude, just fuck off with the tradeskills meme, owning your own business does NOT count as earning 240k a year its PROFIT from a successful business.

If trades all paid 300k why aren't people doing trades? You know and I know your workers you are probably paying peanuts.

I checked indeed just now okay, a Residential Plumber, salary 75-100k. Which, damn, all right thats pretty sweet actually.

Range on Electrician is pretty crazy, being quoted from 30k to 120k so fuck me, umm, lets call it 60k.

HVAC about 40k

Jesus Christ, Structural Iron Worker 120 an hour... okay I am feeling that.

Anyway none of this is close to 300 although its very respectable.

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Question: How does one out Jew the Jew?

Is such a feat even possible?

Are we all destined to be nothing more than fodder for the billionaires and millionaires of our country?
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/thread
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>>1275591

You can't /thread your own thread faggot.

That being said:

>/thread.
>>
>Not knowing that WASPs are everything you think of Jews as being
>Not knowing that Jews are just hard working, industrious people who go into lucrative professions working for the real masterminds

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>>1275564
https://www.sba.gov/tools/sba-learning-center/search/training?from_mobile=true
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Success is a mindset, ask for spiritual guidance via mediation
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>>1275590

> success is a mindset

My mindset changed a whole lot when I started making some real fuckin money.
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>>1275625
Tell us your secrets anon.

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ok /biz/ I have $100 to fuck around with (poorfaghere) what can I do?
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Pick up a high quality pair of knee pads and stock up on mouthwash.
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>>1275339
Put it all in Trumpcoins, turn it into $5000.
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Buy a 1/4 of weed, some candy, and a movie ticket.

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I recently had a test and want to know if i passed two questions for this test. here it goes...

>You need to sell some glasses (a product) on a market. select best method.
1. Flashmob
2. Contest
3. Product Placement
4. Social networks

> a company has 150.000 € of share capital divided into 1,500 shares. When the stock exchange close, said shares trade at 130 € each one. If the owner / largest shareholder owns 50% of capital, which is its potential monetary gain?
1. 15.000 €
2. 75.000 €
3. 22.500 €
4. None of the above
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I marked "Product Placement" and "None of the above" just for clarify
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I'd say 4 for the first one, but that could be wrong. 3 is definitely the answer for #2 though.
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>>1275333
maaaan dont say that

for #2 i marked 4 cause i thought ups and downs on the stock market doesnt have an impact on the wallet of company's owner for some reason... but yeah i fucked up this time :(

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Why is no one here talking about amd and its rising stock price?
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They did, nearly a month ago
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>>1275366
Can u summarize what was discussed
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>>1275651

"last chance"
"to the moon"
etc. Usual stuff. Same with VW, It's dipped not get on the rocket.

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>Be me
>Graduated high school two days ago
>Come from abusive family
>Going to college in Fall
>Signed lease on apartment with no money
>Relying on loans to pay for rent
>Confused on what to do
I got a decent academic scholarship, so most of my school expensive will be taken care of. What I'm wondering is if there is any way I can use student loans to pay for rent? I move in to my apartment August 19th, and I'm hopelessly terrified because I know it was a mistake to sign the lease on impulse.
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>>1275234
If your financial aid is more than the cost of your institution you'll receive a refund check for the difference typically
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>>1275234
go to fin aid office and ask about work-study programs, if that's not enough to cover it, then:
A) get a regular job (no time for classes tho, drop out)
B) Borrow (beware interest grows, and student loans stay with you forever [unless you work in underserved areas for cheap] can't even shake them off with bankruptcy)
C) beg the landlord to let you out now so he has time to find new tenant, and find a cheaper place to stay
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>>1275238
>>1275242
Thanks guys. I have a meeting with the people in my financial aid office on Tuesday. I hope this goes well.

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