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Archived threads in /biz/ - Business & Finance - 7388. page

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why are houses so overpriced?
20 posts and 2 images submitted.
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>>1157010
They aren't, you are just poor.
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>>1157010
Banks bought all of them from desperate dying old people who needed pill money. Now they can charge whatever because they own all of them.
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>>1157018
>not overpriced

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http://www.businessinsider.com/high-salary-jobs-will-be-automated-2016-3
Welcome to the rice fields motherfucker.
Machines will be automating everyone's jobs at a faster rate than before. Eventually everyone will be out of work.
>transportation industry could easily get BTFO by automated drivers
>automated cleaning machines can assist janitorial labour and cut down the force
>law firms have been shrinking due to most of the research aspect of law being automated
>Goldman Sachs has been investing in software that will put it's employees out of a job
So what are you doing to prepare your country for the higher amounts of automation that will occour in this decade? Will you be voting for basic income?
You wouldn't want to be homeless, right?
59 posts and 5 images submitted.
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Muh automation maymay: clickbait edition
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>>1156857
Muh libertarian cope: damage control edition.
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Doomsayers have been touting this since the industrial revolution

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is there any future left for cryptocurrency? with the 11x algorithm and all.
What are your thoughts on anti ASIC algos?
do you think a profit can be made?
24 posts and 5 images submitted.
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What needs to be built in is anti shilling, anti pump&dump algos.

Then it might have a future.
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>>1156544
have you heard of pepecoin?
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>>1156544
When it does happen, it will be called LegitCoin, and it will revolutionize everything.

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Inhertiancefag here. How do I find motivation to make something of myself?
49 posts and 5 images submitted.
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Go ahead. Don't. Enjoy your empty life devoid of meaning that you numb yourself to with drugs and whores.
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>>1155890
sounds pretty good to me. throw in some shrooms and four or five good friends and you've nailed the secret to happiness
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>>1155882
Eventually, you'll be so bored that you will either end your life or make something of yourself. Godspeed, anon!

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Told you about RADS yesterday and I'll say it again today; the RADS train is leaving the station.

Get some while they're still dirt cheap. Huge volume every day for past weeks (around $100k every day) and a total mktcap of around a million.
70 posts and 4 images submitted.
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Show proofs.
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>>1155285

The coin has literally gone up 43% since I posted that
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>>1155114
i'm already at ~50% gains when i bought after your post yesterday. too bad i only put noob dosh in

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Thoughts on this guy /biz/?

I am torn. One one hand:
>He gives full retard advice on finance to plebs.
>thinks credit cards and debt are the devil
>Will bad mouth any kind of investment that cant be understood by third graders

On the other hand:
>Helps retarded people get out of debt
>you will never go into debt following his plans
>explains things very simply and always promotes the most safe and conservative option.
40 posts and 4 images submitted.
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I feel like he is opposite of pay day loans

Pay day loans are almost always a terrible idea, but need to exist for specific people and circumstances. SHOULD BE AVOIDED IF RETARDED.


He gives advice that is almost always inefficient, but broadly it wont hurt you. SHOULD ONLY BE FOLLOWED IF RETARDED.
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>>1154907
What's some of his retarded advice?
Also credit cards and debt are the devil.
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>>1154935

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Who's ready for a 10% jump at opening for DWTI tomorrow? Loaded up on Friday. The oil rally is over, time to load up on the inverse.
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>>1153690
GL, OP. I BELIEVE IN U.
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>>1153692

thx, i put all of my money i had left into it on friday. there is simply no possible way oil prices can go up on monday after fridays (start of the) correction.
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isnt OPEC supposed to be making an announcement in the next day about production targets? That could fuck up shorts if they restrict production.

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He's back. The bankruptcies will now begin.
------

"Papa now takes the help at Silver Run Acquisition, which is a "blank check" company, or SPAC -- a special-purpose acquisition corporation. What that means is that Silver Run has raised cash for the specific purposes of making yet-to-be-identified acquisitions.

Getting an IPO done this year is impressive. Year to date, there have been five IPOs in 2016 at this point, versus 22 last year.Getting an IPO done in the energy sector is considerably more impressive.

That speaks to the respect Papa commands -- as does the fact that Silver Run raised $450 million, which was $50 million more than it planned on raising."
31 posts and 5 images submitted.
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he's the enron guy?
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>>1153392
Jeff Skilling spun him off. That was before Jeff went to jail.

Sold EOG for $400 million because Jeff needed cash fast. Then oil went from $30 to $150.

Jeff Skilling was supposed to be smart. Turns out Mr. Papa was the smart one.
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Backstory, please? This sounds interesting and potentially profitable

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Took loan out on my 401k on a job I might lose in the next couple of months.

Loan amount : 10k

Credit card Debt: 10k.

How stupid am I /biz/?
16 posts and 6 images submitted.
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>>1157528
>taking loans
its like you want to stay in the rat race
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>>1157535
my credit won't go to shit though, I pay off my credit card debt and shred them forever. If my job doesn't get outsourced I keep my job and repay my loan.
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>>1157538
why the fuck did you spend 20k of money that wasn't yours

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What is the /biz/ choice of drugs?

I know adderall and modafinil are popular here but what about just for fun?

Personally I've tried some Opiates(percocet mainly) and it's much better than weed desu. Way nicer and longer high and it's a lot cheaper relative to length of high.

What about you /biz/?
34 posts and 5 images submitted.
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Usually a modafinil man. Although customs has become a fucking bitch in my area.
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>>1157284
Stay away from drugs
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>>1157284
The best drug is the high I get from a successful penny stock, don't spend money on drugs, put it in the stock market.

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So I'm totally new to trading/investing,
I have about 100 bucks, and accounts at kracken, poloniex, and the robinhood app.

What do? any tips? should I be in the real markets, or take my money to BTC or ETH when the prices drop?
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>>1156765

You should educate yourself before you waste time and money on stupid shit.
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>>1156765
buy ethereum.
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>>1156818
Figured I'll wait for the price to go back down because it's a boom right now

Is daytrading essentially gambling?
17 posts and 2 images submitted.
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>>1156508
It _is_ gambling.
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Isn't it rigged to be impossible since you would need scripts/bots to sell and buy at the fastest speeds?
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For the most part, yes. every trade you make has a 50/50 shot to make or lose you money (unless there is some news event that has an obvious sentiment; like the fed's decision not to raise rates, this was obviously bullish). The only thing you can control is how much you make when you're right and how much you lose when you're wrong through stops and profit targets.

the aim of the game is to make more when you're right than what you lose when you're wrong.

good luck

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why even bother making money past 90k a year in the US.

> 28% federal tax
> 9% state tax (california)
> 2% + 2% medicare and social security

you're losing 40% of your income at that point.

every time i calculate the opportunity cost of getting my JD or MBA it just isn't worth it

im just going to ride or die my 80k starting salary as CS
38 posts and 6 images submitted.
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>>1156456
Huh? Because it's still more money. My friends who make 140k live far better than me at 75k, I'm barely median income considering my wife doesn't work. what is wrong with you?
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>>1156459
>wife doesn't work
you seem to be lost. this isn't a cuck board.
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>>1156456
Most companies don't pay anywhere near that much.

If you actually pay the full amount of tax then you deserve to lose your money.

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General thread where we post inventions/business ideas and others rate on a scale of their choice.

I'll go first.

>15 sec perfect toast toaster
>Create a fast toasting technology and sell to large toaster manufactures
>????
>profit
18 posts and 2 images submitted.
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>>1156214
Ideas are worthless, execution is everything.

You're too young to post here. Please go to a site more appropriate for your age. http://www.funnyjunk.com/
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>>1156214
How would it work?

I'm not giving away any of my pet ideas.
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>>1156218
Fuck you bub. Sounds like you're too old to post here.

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PEPECOIN GENERAL

Pepecoin is performing extremely well. Value has spiked and stabilized at a 100% increase in the past week. Bittrex will be adding pepecoin sometime this week. Useful features, mainstream interest, twitter interest, Vitalik (Ethereum dev) interest, whales accumulating, active devs and hasn't been out for very long.

BUY BEFORE BITTREX SENDS IT TO THE MOON

>Bitcointalk
https://bitcointalk.org/index.php?topic=1391598

>Trade
https://c-cex.com/?p=pepe-btc

>Coinmarketcap
https://coinmarketcap.com/currencies/pepecoin/#charts

>Ethereum dev (Vitalik) tweets
https://twitter.com/VitalikButerin (2nd tweet)
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Didn't Pepe coin fail before?
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>>1155847
why not call it "tende-coin" if you're doing stupid shit like this?
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>>1155853
One was made by a script kiddie, this one has support by ethereum devs

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