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Archived threads in /biz/ - Business & Finance - 7557. page

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Why are rich people (mil+) such dickheads?
44 posts and 3 images submitted.
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Because confirmation bias, evidently.

Why are all pot smokers dirty hippies who wear rainbow beanies?
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>>1076906
Because they're not.

You, in all likelihood have met little to no "rich people". The only ones you've seen are the ones on TV or on the internet - those ones are generally egotistical and assholes because they're playing a certain character OR because that's the type of person it attracts.

You've probably comes across tons of very "rich" people everyday, they just dress normally and act normally. That guy training at the gym quietly in normal-looking clothes? He could be a millionaire, so could any of them.

It's not like they'll be wearing a rolex and driving a Lamborghini, that's just showoffs.
>>
>specifying mil+.
>Implying $1 million qualifies as rich in the US now.
Maybe if you live in Iowa. Half the houses around here are over that.

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>Post your highest level of education.
>Post your income.

Bachelor of Science in Business Administration.
$39k/year
83 posts and 4 images submitted.
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>>1079608
BS Construction engineering
$80k
Dem tiddies
>>
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Bachelor of new media
Other 2 year degrees in programming, game design, and animation.

Job = McDonald's Fry Cook
Salary = $16,500 a year
>>
Fuck off with your data mining threads

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where were you when linkedin was kill?
85 posts and 7 images submitted.
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>>1079163
WTF, why did it happen?
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Yeah yeah yeah, same as Tableau. I still think it'll level off to like 150 by May. LinkedIn is more valuable than typical .com meme shit so I don't think this is a canary in the coalmine.
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>>1079167
They released quarterly earnings and their forecast for next quarter is pure garbage.

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>muh 95% fail
The average civy invests and gets btfo

The 5% that actually git gud beat the s&p500

The meme that daytrading is shit was started by autistic accoutants that feel bad for choosing the more boring career
106 posts and 10 images submitted.
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>no replies
Thats what I thought
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>>1074950
>>1074980
Why would we reply to this?

It's retarded. Yes a small percentage make some money, but why play such a risky game when you can "set it and forget it" instead of actively fucking around with the stuff to AT BEST earn marginally higher than the market.

High risk, low reward.
>>
>>1074950
Your literally proving that day trading is shit by saying "muh 5% get gud".

Also too much work to barely beat the market, then pay outrageous taxes.

Go long on solid companies and make real bank with cap gain taxes.

Hello I live in Canada and the recession is getting bad, I have a part-time job and I am always behind. I have tried applying but no one is looking. I am looking for some way to make money online /biz/ what can you tell me.

Pic not related
12 posts and 1 images submitted.
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>>1080483
not online, but save money: sucking dicks for 0.90 $ each. since all other faggots in here suck them for a dollar each you should have no problem finding clients
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camwhoring.
>>
Pic very related. You can cam

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Misunderstood genius? Or overrated hack?
14 posts and 3 images submitted.
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>>1079919
Jeff, quit posting about yourself. Go take a glacier hike in Patagonia or something. Not everyone in a blouse is wired. A genius would not have been caught.
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>>1079926
Jeff gets released in Feb 2019

Any idea what happened to his assets/fortune?
>>
>>1079919
>tfw alternative universe where enron / blockbuster rule video on demand and netflix doesn't exist

He fucked up the thing that would actually have made money, and instead made a whole lot of bad business investments and tied to cover it up with shitty accounting. Hack.

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Is it even possible to make money playing poker?

I've played it for a while with play mememoney but it was kind of yolo where I'd just all in often since who cares about imaginary money.

If I deposit $20 every two weeks and play super low stakes could I make any extra spending money or will I get raped by sharks and just lose it all?
22 posts and 4 images submitted.
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Anyone /poker/ here?
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Well cucks? Anyone poker or what
>>
Hello fags

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>MFW private equity, specifically, venture capital markets just crashed
>MFW it's now had a domino effect on public markets as VC's cash out watching 25% - 30% of their private companies hit 0 - as no one wants to buy them.

My face when I lost my job and my parents said I could stay with them again until I found a new one, back to the NEET lifestyle but with an education and job experience. Lets get comfy.

It's literally happening.
8 posts and 1 images submitted.
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http://fortune.com/2015/11/12/fidelity-marks-down-tech-unicorns/

It was pretty cool how Fidelity was open about it. There's still some VC backed companies that are fulfilling their valuations, but that's probably 5% of this list.
>>
>>1080775
It's looking like a blood bath and Wall St is trying to cover it up with "poor performance, premature product cancellation and difficulty scaling globally" which is a cop out.

There is no way a missed forecast, can justify such a large fall in the stock right. It's crazy.
>>
>>1080778

I think the organization's outlooks are relatively weak, too. It was interesting seeing Tableau getting raped so hard with a forecast of 1,000 new employees in 2016. Tableau actually sells something that's beneficial compared to these other organizations that have a point solution.

It's about to get real rough in the tech world. Real fucking rough.

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Just opened an account with NFCU but I'm totally ignorant about matters regarding finance except for the most rudimentary things...what's the big deal with credit unions? Do they just cut you good deals on loans and interest accrual on accounts? Also, does being a member help me build my credit up faster?
6 posts and 1 images submitted.
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>>1080715
they basically aren't beholden to shareholder interests. it's supposed to be a "union" ie those who have accounts are members, but i wouldn't say they're not out to get money. they usually just have better rates, low/no fees, etc

navy fed's pretty good as a whole. had them for decades
>>
>>1080756
Close buddy from my squadron had been with them for over a decade, and despite his rock solid history, they refused to give him a loan during a difficult financial time to help him out.

I walked away from them and haven't looked back.
>>
When I was in high school I asked some lady that came in to talk about banks about credit unions.

the best answer she had was that banks usually have larger resources. I've looked up and down for the downside of credit unions and I really can't find one.

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Hi /biz/, tell me what event was life-changing in the way that it got you way richer. Could you reproduce it. Are you happier now?
17 posts and 6 images submitted.
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>>1080537
>Hi /biz/, tell me what event was life-changing in the way that it got you way richer

When I got a job.
>>
Started working

Started keeping a budget and stopped spending all money on shit at the gas station tier shit

Got rid of expensive vices.
>>
So there's no trick to get rich fast without working?

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I'm wondering what /biz/ is thinking about becoming a male dentist.
Any pros, cons. Really interested in your opinions.
>pic related
36 posts and 5 images submitted.
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and instabump
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>>1080505

What enjoyment will you be getting from it that offsets having to deal with people's disgusting mouths and being bit by children all day?
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>>1080508
their smile after all procedures?

I think the best enjoyment is realizing u made somebody really happy.

And $$$?

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How many hours a day do the superior specimen on this board sleep?

8h Peasant reporting...

I simply don't have enough time work full time and study/read/improve as much as I want... I feel too sluggish, how do I become hyper/energetic all the time?

Hoping the 80h/week analysts will chip in...
9 posts and 1 images submitted.
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>I feel too sluggish, how do I become hyper/energetic all the time?

You don't. You have to optimize what you already do and/or acquire discipline.
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rack disciprine
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>>1080401
>acquire discipline
Is this a thing? I'm not cucked by genetics?

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Why should American companies, who use American resources and infrastructure, who pander to and profit off of American citizens who in turn pay them American dollars, be allowed to funnel their profits to offshore bank accounts to dodge American taxes?
9 posts and 1 images submitted.
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>>1080374
Because that's the free market, bitch
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>>1080378
wewlad great argument
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>>1080374
I studied tax law. And I firmly believe the American government can stop that practise by passing a single bill. In fact, all governments who complain about international tax schemes can fix their problem in a week.

But they don't want to. They are afraid the business might leave their country. So instead of fixing the problem themselves, they intimidate smaller countries, or so called tax havens, to adjust their laws. They want small countries to scare their business away so the big ones don't have to.

At the same time, the UK and the United States, who both complain about tax havens, have their own little tax haven states and Islands. But those aren't a big deal of course.

The reason why companies often pay so few taxes in the so called tax havens often isn't even a problem caused by the tax havens themselves. It's the incompatibility of two tax systems that gets abused. A lot of businesses settle in the Netherlands for example, while local business in the Netherlands pay fairly high taxes. But in the Netherlands a mother and daughter companies are seen as one, so you can easily transfer profits between the two. So people put daughter companies in all kinds of countries and funnel money between them through their mother company. Does that mean the Netherlands is a tax haven? They don't even profit from it, so not really. But getting rid of the system would mess up their entire tax system.

But if the USA passes a law that would be incompatible with funnelling profits away then the problem would be solved instantly. Or if you focus on paying taxes at the cash register instead of at the top. You really don't have to bully small countries for it, but that's easier to sell to the public. "We can't do anything about it, it's all their fault."

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I'm taking a beginner's finance course in college and my lecturer is a yank who can't explain anything worth shit. I try to follow the lecture but most of what he says is explained using dumb business lingo that's too advanced for the course so I don't understand much.

Where can I go to learn it properly? Tried Khan Academy, he doesn't have anything but the bare-bones basics
13 posts and 1 images submitted.
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https://www.coursera.org/learn/wharton-finance

Just don't pay for their stupid assessments and certificate.
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>>1080268
thanks senpai
>>
If you don't understand you stop the lecture and ask you autist dingus

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Alright, so I know some of you guys are zero hedge posters and readers. My question to you all is this: if you all think the dollar is gonna die and all that shit and "stack le gold", why the fuck do you all get so butthurt about a cashless society? If you think gold is gonna save you and all paper cash is worthless, why do I constantly see contradictions of " FUCK THEM THEY WON'T TAKE AWAY MY CASH" and then suddenly "FUCK THEM THEY WON'T TAKE MY GOLD!" And vice versa. Been going on for years now.

Please explain.
18 posts and 2 images submitted.
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>>1080202
The internet is many people with diverse opinions. Not just one person.

You seem to be under that false apprehension.
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>>1080202
DUDE SHEMITAH LMAO
THE JEWS GOT YOU XD
>>
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>>1080202
They don't want their property taken, or converted to something that is easily taken.

Money used to be gold then Roosevelt took the gold and let people keep the paper promissory notes and called that money. That's kinda (is) like theft, so they don't want a repeat of that.

Having said that, I don't hold the position you said in the OP. I am not, however, totally autistic and have access to an internet search engine.

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