Archived threads in /biz/ - Business & Finance - 7814. page

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Just going to throw this out there right now: Trading education is a bunch of shillery and nonsense. I was foolish enough to purchase Investors Underground Bootcamp - Complete Pile of useless horseshit. Just stay away from them.

That grimy jew Meir Barak on Youtube is a shill for the Colmex CFD bucket shop. His videos are using a simulated account - He's been called out on it before.

Cameron Fous, Tim Sykes, Inthemoneystocks - All shills. Don't be foolish enough to buy into any of their nonsense. Never subscribe to a "trading chat room". In my experience all of these shills are pikers at heart who have no clue what they're doing and just trade sim accounts (if at all).

In the end best education comes from doing and reading (all reading materials can be found somewhere online for free).

>>964098
>Just going to throw this out there right now: Trading education is a bunch of shillery and nonsense.

Not all of it. You're not looking in the right place. Goldman Sachs makes all their new investment bankers take a trading course. It's no secret. It's very basic as all good things are. A lot of it is based on "curve analysis" (The "curve" defines the market.....) and a lot of it is based on 100 year old strategies from the commodity pits of old. Like Rentech, GS has embraced mega data and mega analysis and spends hundreds of millions of dollars a year on determining trading strategies. FICC traders outside of the banks hate to spend money on anything but bling and coke off hookers' titties. That's why so many of them go broke. Example: all the dumbass US domestic oil and gas companies who missed the probabilities of the oil price collapse of late.

>>964056
>>>/pol/

>Least useful and easiest
Organizational Behavior and Human Resources

>Most useful and lucrative
Operations & Logistics

Marketing is somewhere in between

>>985250
Thank you!
I was under the impression that OBHR was a strong field to go into. Why is it so undervalued?

>>985261
>I was under the impression that OBHR was a strong field to go into.
It's not. You'll probably be able to find a job in HR, but it won't be a very good job. Think about the type of people who go into HR: they generally can't do math and aren't really good at anything. Most HR departments have a reputation of being incompetent, and for good reason.

Marketing at least requires a little bit of math and creativity.

Operations & Logistics heavily involves math and statistics, skills that are highly valued in the workplace.

>>985013
I made $1600 bucks / month on unemployment for 2 years and just sat on my ass. You just don't know how gratifying "not working" really is until it happens.

>>985013
how did you make that much money in high school without a job

>>985037
Pay per sale, pay per download, shitty websites, all kinds of shit. I'd just sit at home and try out various shit I'd see on forums and some stuff worked some stuff didn't.

20k in 2 years is nothing. Less than 30 dollars a day.

>>984782
What do you do for your line of work?

>>984782
You're fucked OP.

Get a new job. Then request payment.

When he tells you to fuckoff, sue him.

>>984786
This. Fuck him up.

>>984694
it could be a smash hit if you serve irish coffee

>>984694

it's a mistake. people are gonna go there, consume nothing, take up space, cost you rent, and bring you nothing.

what's your actual business model?

you can do this type of shit once you've "made it" as a hobby maybe.

>>984694
The game cafes that opened in ym city made massive profits. I know because they were some of my friends. Do it, but in a few years. Consolidate some debt first before investing

>>984338
If you invest your savings in an index fund and match the market average then you will be doing better than 99.9% of active day traders so yes it does make sense unless you're willing to put in a massive amount of effort and time in the hopes of consistently beating the market which you have a very small chance of. So for the average joe or someone who doesn't want to dedicate their life to figuring out how to trade it makes a lot of sense to stick your funds in an index fund instead of having and portfolio manager that doesn't know what they're doing achieve subpar returns and take out fees.

https://www.tastytrade.com/tt/shows/you-gotta-be-kidding-me/episodes/biggest-misconceptions-around-passive-investing-11-13-2015

>>984752
r u chinese?

The Intelligent Investor by Graham.

We really need a sticky.

buy high, sell low

>>984280
jew memes and intelligence don't mix, stay poor

If you're in a country with progressive taxation, then no that's absolutely retarded.

Why not just buy bitcoin or donate the money or something?

>>984203
Why though, the way I see it you could borderline right under a higher tax bracket. Even though the income is lower, the actual tax amount would be lower by quite a bit.

>>984167
Why do you think the crash is imminent?

Bro do you read the news or live under a rock. Fed rates might increase or have already, as well as a normal economic growth prediction for this year.

>>984167

If you want to go full paranoid-mode, you could take the money to a credit union. Most of them will give you a (very) preferred interest rate, since they very rarely see that kind of money.

You won't get the best ROI, but your money would be safe, and the interest would still easily be enough to live on.

>>984086
>I just turned 27 last week and I currently have $47K in mutual funds. I'm trying to avoid being screwed like most millennials my generation.

You are way above the curve though. Almost $50k in meme funds after only graduating 3 years ago? That's great.

>>984086
how are you able to max out your 401k each year?
>17.5k for 401k
>5.5k Roth IRA
what do you do to earn so much money?

>>984091
I am currently an accountant at a large corporation with a $70K salary. My parents own a rental property close to my office and I help them manage and rent it out. In return I don't have to pay rent. I currently save about 25% of my pretax income to max out my 401K ($18,000) and make a one time contribution each year for my Roth IRA ($5,500) after receiving my annual bonus.

>>983939
>Ruby
>useful

learn ruby on rails(even that is a fucking meme) or don't bother l m f a o

>>983942
are they not the same?
sorry, literally just started using code academy earlier this morning

>>983946
codecadamy is a meme. get a real book and start reading ma boy

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>>983938
Shameless Self bump and I know I used the wrong form of "there".

In my opinion you would keep stop profits for shorter term trades you don't want to in an out a stock because you keep seeing it as hot

Just trade options and bet on volatility. If you expect a big movement in a stock but don't know which direction, then use a Straddle. I've been doing this on demo ThinkOrSwim for the past couple years while at work trading Straddles on oil futures 2-3 months out. Have made 81% return in these 2 years.

>>983862
>literally QE rocket to the rising sun

I just don't get Japan.

>>983862
Bump.

>>983862
bumping for interest but I haven't studied much Japanese economic policy.All I know is that some CEO from Morgan Stanely gave a lecture at my school and talked about how as a society they are so much better at saving money... Also they have some of the safest bonds in the world, and 0% interest. which is redic imo

Are you paying fees for your demo account? Like per trade? Are you taking taxes into account?

But yes, in a nutshell, it is that easy.

Been reading about this and it sounds interesting.

>>983760
if you know what you're doing and you're not greedy, it sure is. there will still be the fees and such so it won't quite be 1k, but you'll still be making plenty.

Be willing to walk away.

Be a good listener

>>983561
literally this