Greetings /biz/
>be mid-30's
>engineer at same place for 11yrs
>~110k/yr - can walk across the street and get a new job at any time.
> own a condo that I rent out
> rent a downtown apartment
> own a 10yr old car that is falling apart.
> ~7k in credit card debt
> just got $7k in federal tax return
>have a mere $2k in checking account.
>have $16k in savings account that I never touch.
>$240k in Roth Ira
>no wife, no gf(obvious) and no kids.
I got a $7k refund and that herpes-like credit card burden of $7k. I plan to pay it off immediately.
I will be *debt-free*
I'm looking at buying a $33k car (new).
Talk me out of it.
I know that feeling at a smaller scale. Just accept that like a business, it makes sense to have a constant level of debt that you can continuously roll over, especially if you can get good terms. For instance, when I get 0% interest or 0% balance transfer credit card offers, I'll use those to make purchases, then pay them off before the interest kicks in.
>>1104852
>10yr old car that is falling apart.
Why? What are you doing to this car that it falls apart after only 10 years? Either it was a piece of shit when you bought it, or you've abused the fuck out of it.
dude never buy a new car the depreciation is ridiculous in the beginning. If you buy a certified used one of the same model from last year you'll save 5-6 grand minimum
>these shoes right here were hand made by a poorfag 6 year old child in forced indentured labor by a Fortune 500 company
Is this justified /biz/?
How was force used?
Yeah I mean it does suck but otherwise there would be no factory there and he just wouldn't have a job, not really solving anything.
>>1100992
http://www.nytimes.com/1997/06/22/weekinreview/in-principle-a-case-for-more-sweatshops.html
You're right, we need to bring those jobs back here instead of allowing other countries to take them.
Has anyone been keeping up with this show?
Thoughts? DISCUSSION THREAD.
>>1106540
This show is great. I'm digging how they contrast Lewis with Giamatti in that Lewis is the loving family man and Giamatti is the sexual deviant. Other shows usually try to make morality so cut and dry where the billionaires are portrayed as evil businessmen and the prosecutors are usually the saviors of the people. I like how this show doesn't do that but gives a more balanced viewpoint that lack of business ethics does not always mean moral corruption.
>>1106540
shitty try2hard dialogue.
Are there any recent shows that are similar? The world of finance for instance? Bonus points for some level of corruption.
I love "/biz/" related tv and movies but a lot of them are lousy.
>have economic system that fetishises GDP growth by any means necessary
>threaten the indigenous population with imported uneducated mudslimes and africans if they refuse to breed and deliver GDP growth
>refuse to give healthcare as a right to your citizens (USA only)
>print shitloads of money if people refuse to consume enough
>erode people's saving with negative interest rates if they refuse to consume enough
Where were you when you realised the inhumanity of it all? It's disturbing as fuck how mechanically the last two points are reported in the media. The morality IS NOT DISCUSSED. Nobody ever says, "Hol' up familia, what sort of shitty economic system relies on people buying increasing amounts of Big Macs and Mars bars each year or else it commits suicide?"
>inb4 muh rising tide
3000 years ago you didn't have national governments that monopolised and polluted the land and bred shitloads of third worlders who have no options other than working at shitty Foxconn jobs and assembling iphones. HUMANS are BRED to do this shit these days.
What can we do about it?
>>1106134
>my perception is your reality!!!
Fuck off you're not even right go suck Ron pauls dick you faggot
What's ur solution?
>inb4 "just change the world bro, if we all believe we can do it"
hey /biz/, I want to be rich like really bad please help me what should I do if I want to learn business and finance and or something like technology and engineering and one day be a billionaire and change the world in the process? Please help me /biz/, I really really want to be rich.....
>>1106087
Do you own a pair of knee pads?
>>1106097
no why what does that have to do with getting rich...
please help me /biz/.... I really really want to get rich and do something great in the process.... teach me all you can and help me with all the advice about business and finance and how money works....
bump
please help me /biz/, I really really want to learn business and finance and understand markets and do something with engineering or business or whatever technology and get rich, HELP ME /BIZ/.... PLEASEEE HELP ME I WANT TO BE RICH SOOOO BAD
I'm thinking about starting an eCommerce site on Tor network. Thoughts? Should I not do it? If I do, I want it to be completely open, like eBay without rules. I'm a Web Developer and I have the resources. Should I do it?
>>1105874
So a darknet market? Risky as hell.
>>1105874
Your ip has been logged by posting here. Now you can't do it, sorry. This is literally the exact way DPR got hemmed up.
>>1105883
Why? I could just do it and leave it. Would I be responsible for the content of it is posted by others? Is 4chan responsible for the content on it?
Question.
Historically, the average return on US small stocks (bottom 10%) has been almost 20% per year, as opposed to the value-weighted return of the whole market, which is about 12% per year.
Logically enough, the standard deviation of the former is twice that of the latter, but on a long-term scale (20+ years) that shouldn't matter.
Pic related.
Why doesn't everyone invest in small stocks? Are there index funds specifically for these kind of stocks. What am I missing?
I'm pretty sure that graph is ignoring the comapnies that went bankrupt at some point after 1926.
>>1105425
I don't think so. That's from a university course, not from some random website. Why would they ignore bankruptcies?
Btw, the numbers I gave are arithmetic averages, geometric averages differ by less because of the greater volatility in small stocks. The difference there is 12.8% vs 9.9% which is still a lot.
>>1105425
Survival bias. It's quite difficult to track failed companies the earlier you get. You have several competing stock exchanges then, especially for the small companies who often weren't listed on the big exchanges, and the data isn't as reliable.
Having said that, I am a small cap investor and I believe with a common sense approach, ruling out risky companies and focussing on ones with excellent - not just great but exellent - fundamentals, you can do pretty well.
Small caps are more likely to be valued cheaply by the market. Or more. It's just more inefficient in valuing small companies, so you always see gems come and go.
Anyone else lose bitcoin because of this bullshit?
Cryptsy, a huge bitcoin exchage, said it was attacked by some sort of trojan and lost a bunch of coins.
I lost like 0.03BTC but it's still a piss off. Anyone know anything about this?
>>1104702
You lost $15? You baller you.
>>1104719
The point is that this a huge exchange that closed all trading and withdrawals. I'm sure someone lost a significant amount
When will people learn to stop storing their stuff at online exchanges?
>80 % of millennials say their goal in life is to get rich and famous.
What has happened that produce this millennial narcissism?
>>1104181
>What has happened that produce this millennial narcissism?
People like the one in your pic.
US pop culture glorifies being rich and famous regardless of whatever moral values (Or lack thereof) you have.
People like Kanye West, Justin Bieber or Miley Cyrus are not only shitty artists, but also shitty human beings and role models. Milennial society is often full of narcissism because that's the sort of value that's taught to them by celebrities.
Celebrity culture as a whole is cancer, because it teaches you that it doesn't matter whenever you're morally bankrupt, follow shitty ideologies or an asshole, as long as you still have plenty of money and drugs.
>>1104181
I only want to be rich, desu, senpai.
When you're famous people start taking pictures of you 24 hours a day.
http://www.news.com.au/finance/business/banking/banks-are-loaning-too-much-to-people-who-cant-pay-it-back/news-story/57af9a6edf85528f5fa38beddd7bb2e3
Just finished watching to story that 60 Minutes ran about the Australian housing market. According to experts the market is due for a major correction.
>>1103897
Why do markets undergo 'corrections'?
>>1103897
fug
Ausfag here, how do I capitalise on this?
>>1103909
Sell everything and everyone in your life (be creative, there have to be some asians nearby who will take people for money) and move to Germany; they're taking all refugees right now.
Redpill me /biz/. If the globalist shills want universal basic income then it must be bad. So why is it bad?
My guess is that the circulation of money / economic growth depends on banks making loans to worthwhile businesses, many of them small ones. Now that technology stagnates (or businesses stagnate for whatever reason), less loans are made, and there is less growth and consumption, which is unacceptable to megacrops and government bureaucrats who want GDP growth at all costs. So now the globalists just want to redistribute money to every citizen, 90 % of them dumb plebs, so more money can be spent on Coca Cola, iPads, Big Macs, and all that dumb shit that doesn't really matter (compared to a loan to some guy who wants to start a new business, which is actually worthwhile in the long run).
>Flood country with illegals
>Institute a basic income
>Liberals cheer it on
>Massively increased taxes
>Middle class completely erodes
>>1098667
I wanted to keep mass migration as something to be disregarded in this discussion but I agree
>>1098669
Well that is how it's going to happen.
Good luck doing it in the US.
You'll never be able to roll back enough of the other welfare programs to make it feasible.
A large number of boomers and professional welfare recipients won't take kindly to having their welfare lowered to the BI levels.
Andy Hall lost 35% reportedly on Astenbeck's oil trades. People chimed in that maybe Andy isn't the "oil God" everyone likes to say he is.
Analyst sees the negative comments about Andy on Seeking Alpha and loses his shit.
Calls Andy a "God". Calls critics of Andy "checkers players in a chess game" and says Andy will deliver "pain" to people on the other side of his trades.
In oil trading you go from "hero to zero" pretty fast. A pilot who crashes a plane into the ground might have been a great pilot in the past but everyone will only remember the crash as time goes on.
http://seekingalpha.com/article/3913256-crude-oil-naive-kick-guru
>>1106576
these guys are big time gamblers - unlike a HFT shop or even a trend follower their trades are for longer holding periods and are basically big directional punts
he probably is good but you never really get a decent enough sample size - he's also likely very lucky
>>1106580
This, a million times.
You know who we areā¦
>>1106342
You are an edgy man child pretending to be part of a group of edgy man children.
>>1106342
>>1106342
Men from the united nations with question mark heads!
What do you guys want?
Who Startups here?
Let's get a glimpse of your soon to be million dollar idea.
>aka "Tell me your brilliant entrepreneurial ideas so I can try and capitalize off of them before you do" thread.
>>1106293
let me start off this thread by giving you the keys to my house and car
Social network for civil war reenactors
I haz dumb I need to leran abuot stock market and economy. Wat Do?
>>1106280
Seriously though I have a feel for how it works I just dont know the ins and outs. I fear the details are going to kill me wonce I invest
investopeediah.com.mx