Archived threads in /biz/ - Business & Finance - 7740. page

Its impossible for a human on his own to beat the institutions.


The stock market is merely the transfer of wealth from individual investors to institutions.

Far better to buy something like cryptocurrency

>>1021688
>Far better to buy something like cryptocurrency
hhahahah you had me up till here

>>1021688

>Its impossible for a human on his own to beat the institutions

Yet I'm up 15-24% in 5 months off of growth stocks?

While the broader market has done 7% for the year?

Stop regurgitating nonsense.

I'm failing college pretty bad right now.

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>>1021597
you can do better anon I believe in you

im assuming people who made it by themselves didn't need college

everyone else relies on a teacher to baby mentor them to success

>>1021513 (OP)
As long as you're not an idiot and are a good programmer, there are a ton of programming jobs out there.
I wish I could learn how to code, shit is so dope. I've taken a couple of classes but it just doesn't stick, so instead I started a business where I'm the boss of a bunch of programmers.

You're literally me.

>>1021596
no. there may be similarities but i am absolutely sure we are different people.

not many betting addicts on biz ha ??

>>1021467
bump

me

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>>1021464
>Trading

Have fun losing money.

If you want to actually invest, read this.

>>1021465
I have no idea what trading stocks even means. I'm very new to this. Thanks for the recommendation, I'll be sure to take a look at that book

You don't need to read a book to trade. Just do your own research on industries and companies you already understand. You might be able to make abnormal returns some of the time.

As for what you should read and do, first post nails it.

If you try to use the market to get rich quick, you will get fucked. All books on "trading" tips are a scam.

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>>1021369

Returns for 2015.

Interested: pls explain via greentext

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>>1021385

> Sign up for a Lending Club account
> Transfer funds from your bank account
> Pick out loans people are asking for based on a variety of criteria and the reason they need a loan
> Criteria include FICO, income, current debt, previous defaults
> Loans have variable interest rate from 5% - 28% based on risk factors
> Majority of loans are debt consolidation
> Minimum investment in a single loan is $25
> Once a loan has enough willing funders it starts and you receive payments monthly.
> You can set up reinvestment criteria as well if you don't want to manually pick out loans.

Also if you sign up with this link I get $50, but I'm mostly interested in opinions on it over getting referrals.

https://www.lendingclub.com/landing/invest.action?reg_referrer=Member_1071116&progId=29376472

>>1021304

Why not just sell it for cash then use the invest the cash?

Are you literally retarded?

>>1021304
Im a former car dealer, and it may vary state by state but I think what you would do is IF your concerned with making sure uncle sam get's his part you can list the value of items you traded for as the cash price sold for and you will be set

>>1021304
You can only avoid taxes on the swap if you sell for like kind property (I.e. a car for another car). Otherwise uncle Sam will get what's coming to him.

>>1021289
five years experience in X

>>1021289
Fluency in a second language immediately sets you apart.

>>1021309
If you're seeking work in America that is.

>>1021254
Not at all, but you're committing to a lifetime of dealing with your predecessors' shit code and collaborating with yang who can barely speak English

Are you white? Are you not autistic? If yes to both questions, stay in comp sci but concentrate on networking. Stats is kind of a nebulous hard to market as a skill in the undergrad level. Learn econometrics if you want to do an applicable stats-based skill. In general you want to learn hard skills such as accounting or coding.

outsorucing is only good for little jobs,no risk until companies fully adjust their workflow with outsourcing

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>I'm OK with this

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>>1021144

>>1021144
living in a third world country and being in the top 0.7% feels pretty good

>>1021108
But everyone should own a home

and college is a good idea for a lot of people

what is college bubble? degrees being overvalued and not realizing its actual skill that matters?

>>1021108
>Everyone should eat fruits
>OMG FRUITS BUBBLE SHORT ALL FRUIT RELATED COMPANIES

You're fucking retarded, there is no such thing as college bubble. Also everyone SHOULD own a home, it's personal finance 101 (read biz fundamentals: the richest man in babylon "make thy home a profitable investment").

There might be too much graduates in one domain or another, there might be a shortage in people qualified for manual labor such as plumbers and so on. But in this system you will never see companies hiring people just for the sake of hiring, a minimum number of degrees are required (being associate/BS/MS/Phd/MBA etc).

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>>1021071
Started playing on Xmas eve

>Remember that if you made a profit, you beat the market.

If you believe this you're a fucking retard.

>>1021071
>Remember that if you made a profit, you beat the market.

You mean how the S&P500 lost out this year? That's not counting the dividend payments anon. If you held 100 shares of S&P500 from the start of 2015 to the end, you made money.

Don't be an idiot. Leverage any connection you have to get what you want.

One man choosing not to use a family connection is not going to solve the issue of nepotism, and all you're doing is hurting yourself. for your own sense of pride. If pride is a big deal for you, though, then go for it.

>>1021049
what field? what amount of nepotism?

In general everyone takes what they can get, but if you feel you would rather do it on your own then go for it

>>1021057

This.

I wish I had some nepotism I could bank on. When I got out of college my father's connections weren't worth shit. I'm currently doing manual labor.

My buddy on the other hand, his parents own a travel management company. He works like 30hrs a week, does fuck all, and gets $45k a year.

As the old saying goes, don't look a gift horse in the mouth.

I'm not sure whether to bet against high grade coffee. I'm definitely inclined to bet against oil. Still making picks....

2015:

Sold off my double leveraged oil bull shares at a loss of 1.8k

Still holding a platinum etf that is down about 30%

>>1020921
So how would you go about making a long term play for energy? I'm talking 10+ years, oil prices cannot stay this low for much more than a few years because these are below cost prices. I was thinking of watching a few oil companies and getting in at a good price but I'm worried about the amount of debt a lot of them are in and whether they will be able to stick around through a long period of low prices.

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>nose job
>business administration and marketing
Oh god, you're one of those people. Please remove yourself from this planet before you do any more harm.

>>1020887
>Oh god, you're one of those people
Please elaborate. I'm curious.

>>1020880
No just tell them you're vain and spoiled so you didn't need to work