Catalog (/biz/)

Rules

Looking To Trade?

I'm going to leave this here and we'll see what happens.

Buy, sell, trade, or advertise whatever. >>>/bazaar/

Will this get me into legal trouble, /biz/?

So, if I go to a bank and withdraw more than $10k in cash, I have to file a report.

…alright, say I go ahead and sign the paperwork to withdraw it in cash. What's the big deal? What can the govt do to me now?

Also, is there a car dealer who would be willing to transact in gold?

bitcoin = 200USD

I don't see it can go any lower, well that wasn't that bad I think. I see bit coin is a medium of exchange but not a store value.

what do you think?

Moving & Home Ownership

'Merican here.

Where should I move, /biz/?

This may not be quite the right board to ask this question, but I am in dire need of an answer. Currently paying way more rent than I should on a mediocre to sub-par 4 bd + 2 & 1/2 br split-level. This home was originally bought by the landlord's mother for a few hundred thousand, and it sure ain't worth that much anymore.

I once rented a 1-story, 4 bd & 2 br home for less than $1,500/mo. It may have been a shoebox, but it was comfy as fuck and the deal was unbeatable. I regret ever having left that house.

Can /biz/ suggest a suburban area with rentals similar to the comfy home described above? There sure aren't any left in the 'burbs where I'm from. I == absolutely == refuse to live in an apartment or townhouse. Done both before; hated them more than life itself.

Did you guys see what happened to cannabis today? Is the green rush becoming a reality?

Uranium

Are you guys playing uranium? how's it going?

I've got $500 in CCJ. Wishing I had some money to throw at Nex Gen

Know where I can find good translators and interpretors?

Japan seems to not speak a lick of English and I can't do /biz/ without a Japanese speaking dude.

My mother just won $36,000.00 from a court settlement case she had. She was supposed to get a lot more from the insurance but unfortunately the guy who crashed into her died, and the insurance company decided to tender the full limits.

My mother being a woman, doesn't know what to invest her money in.

What sort of business would be good to invest in here in the Southern Nevada region?

How many of you plebs are wageslaves?

Has oil hit bottom?

With Obongo announcing his gun control executive action, is it worth it to invest in firearm manufacturers?

Hello /biz/ I don't really use this board I only have ever really gone on halfchan /biz/ in the past out of interest but I wanted to ask you lot a question.

I want to get into bussniess, I can produce projects at ease since I have good connections but my knowledge in bussniess is lacking, know where I can go to learn like good book suggestions or videos on economics or something?

I could ask around Google but asking autistic channers is funnier, thanks in advance.

/biz/ Telegram Chat

I created a Telegram group for /biz/fags

Here's the link to join:

https://telegram.me/joinchat/CLri3wbG62CFLxXCUHIptA

Financial Privacy

Say my goal is financial privacy. The more hard-core I can get it the better. If I can pay utilities without them even knowing my real name, great. If my investments require a subpoena to be linked to me, great. To this end, here are some questions:

- Say I make a LLC with me as sole owner, and register a car underneath the LLC. If a cop did a run on the plates, they would not get me, but instead find the LLC, right?

- Say I make a LLC with me as sole owner, and I set up a $10k bank account under the LLC. Then, sometime down the road, I run into trouble with the law and my personal bank account is frozen. Do I still have access to the LLC's bank account?

- How can I set up a ghost address?

- Is there any way to forward mail to an address without needing to show someone my ID?

- Say I am a dual citizen of the U.S. and Italy. I have passports from both countries. I travel to Italy using my U.S. passport, and I open an Italian bank accounts transfering funds from my U.S. bank to the Italian one using my U.S. passport so that it follows FATCA filing requirements. I then walk across the street to another Italian bank and use my Italian passport to start an account, transfer the funds from the U.S. passport connected bank to the Italian-passport one. Now I take a train to Switzerland using my Italian passport, and I make a classic private Swiss bank account under my Italian passport and bank. I go back to Italy, close the Italian account, and then head back home using my U.S. passport. Are the funds in the Swiss account essentially private?

I bought VTSAX when it was at 53. I feel stupid.

/secret/: a secret society for success

Salutations. I want to create a secret society for success.

As we all know, life is all about connections and experiences. The right experiences can take someone from a basement dwelling perma-virgin to Elon Musk. The lifestyles and social environmemt afforded to the lower classes, regardless of how much potential they may have, breeds failure and mediocrity, with few exception.

It's no coincidence that so many of life's greats went to the same few schools. The self-made man is a myth, not to deride actual ingeniuty and hard-work, but your lot in life has more to do with the family you were born to and the connections you make rather than your own exceptionalism. A pair of identical twins, one adopted by ivy educated parents and the other by a lower-middle class family, will have vastly different experiences in life. Indeed, one could be said to have been blessed with good pedigree, while the other is born into a cycle of ignorance, strife and servility.

That's where most Channers, indeed most humans, find themselves. Personally, I'm not content with being an insignificant pawn in the one life afforded to me. My personal goal is to make it to a prestigious university [ivy/oxbridge] within 5 years, I want to have that experience in my life before I'm 25, and I believe I won't put that education or life experience to waste for the advancement of the human race.

That's why I'm saving up most of my paychecks for college, but I'm not surrounded by any good influences or people who could help me out, and with how much I'm making I'd have to save up for a decade. That's why I'd rather create my own system, for people like me who want a complete and total break from the monotony and retardation of working class life.

The catch is we're going to need generous benefactors who want to contribute to our cause to get this off the ground. With time people who have benefited from the society will become the benefactors. Our credo is that we're all committed to self improvement and success. Joining as a non-benefactor means you're signing up to become a life-long member. If you ever fall short of the credo, we'll try and support you as long as you are still committed to the credo.

This is not a cult, this is not a religious or political society, it is a secret society dedicated to helping one another to achieve success and provide the best achievable human experience to members, and some sort of return on investment for benefactors. If this society is even mildly successful we'll be generating enough wealth to feed back into the system.

I know this is all very out there, but Cambridge university began as a handful of aspiring but impoverished wannabe scholars a few wealthy benefactors. If the intentions are noble enough and the right people get on board, you can create greatness.

This is a thread I'm opening for discussion. The actual secret society I want to start will be a fair deal more secret. Currently I'm more interested in finding a benefactor/patron [or"""sugar daddy""""] to contribute financially to my advancement. I'm workig my ass off for peanuts right now, but with a little luck I can meet someone with more money than they know what to do with who finds my ideas fascinating.

Many of the greatest men in history relied on generous patronage; Chopin, Michelangelo, Spinoza, even Karl Marx.

Recovery

What are ways to recover from failed business ventures /biz/?

I started up a company, and an absolute worst case happened, customer didn't buy our product, I ran myself into some debt (about 5k) and now have a year of no income so I can't get any sort of loan or consolidation, and so far the job hunt has not shown results

Not knowing whats going to be around the corner next week and having no stability is psychologically eating me alive

Do you have any wise words /biz/?

Hey guys check out thebizness.co it it a fairly new forum about investing entrepreneurship and stock market

COLLEGE GENERAL

Is college just a meme? Even STEM degrees? Is ANYTHING worth the time or money?

>future CS major here who gets free community college right now

>thanks fafsa

But really, is even STEM not worth it now? IS engineering the only degree worth getting, or is that just another meme?

Advice

If anyone is willing to share important lessons that have contributed to their experience it would be much appreciated. I ask because I have recently begun a major in finance thus, I am young and ignorant.

Predictions to how the market will react to Scalia's death when it opens Tuesday?

The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the presumed Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America. IndyMac Bank was also a large bank that was changed into a bridge bank by the FDIC, after its failure, until the funds can be disposed of. In addition, the investment bank Lehman Brothers has filed for Chapter 11 bankruptcy protection.

Japans most famous economist debunks TPP

I translated this video of japans most famous economist Takaaki Mitsuhashi for you:

You in the anglosphere may know this guy as "the politician who cosplayed gendou from evangelion". In Japan, he's the most famous economist and has ties to many right-wing organisations in Japan.

>he follows the S&P 500 Index without following the US Dollar Index

Is there any point in investing in altcoins?

1. WIll they ever actually make money?

2.What are the best coins to invest in in order to make said money?

3. What length of time do you expect before sizeable amounts are made?

4. Will altcoins ever separate themselves from Bitcoin?

I am looking into neucoin and peercoin, but so long as they are tied to bitcoin I'm a little concerned that they may in fact decrease in value.

All opinions are valued.

Sup /biz. I'm a 25 year old guy who is currently working and going to school at the same time.

I'm saving up to start my own ATM business and figure it will cost me about 4,000 dollars (liberal estimate) so I'd like to have about 8 grand stashed away before I decide to get started.

Problem is I can only work 3 days a week because the other 4 I am at school all day. Some days my shift is only 3 hours long and I am not satisfied with the amount of money I am making. I have about 1500 in my bank account currently and I still have another full year of school left. I really don't want to wait another year or potentially more to reach my goal and start my business, nor do I want to ask for money from other people.

I guess my question is what is a good way to make some passive income? I've been thinking of starting a blog but any money I would make through Google would be peanuts and almost defeat the purpose.

What's an easy job to get that's not dick sucking? I know or at least I think I know how to invest money, but I don't have the funds. I'm pretty much a 20 year old kid in college living with his parents.

Problem is that I'm in Canada and looking at the loonie right now, I'm getting increasingly worried(fucking 0.69 CAD=1 USD exchange rate and the trend is strong). Especially now that we got le current year man who's probably going to be our Canadian Obama and fuck shit up.

If I were to get a paycheque I'd just transform it straight into silver or bitcoin.

Anyways, easy jobs?

Thoughts on getting a CPA? I'm an Econ student at a top 20 university with not-so-stellar grades (3.2GPA). I like accounting and finance and I'd like a longer term career goal to be a Financial Planner and Analyst. Is a CPA a good way to start? Am I too late/early to start it?

I wanna be a NEET. Like no one ever was...

Let's start this with a little story: There was a young anon who derped through the internet every day, as one does. His laptop was crap so rather than play games with graphics, he tried his hand in simple ones of the browser variety. Now this particular game had certain perks which were intriguing, if a bit broken, but this anon was cheap and didn't want to spend his own earned money. Mind you, this was before anon was particularly intent on becoming a NEET. You know, before he became especially jaded by work or having lost another job?

So anon looked into methods on how to make money online and found PTC or paid to click. Steadily and slowly it went for anon, but by the time he earned enough for the perk he wanted, he was bored with the game yet thought the concept of making money online wasn't without merit. The game's perk was severely overpriced after all, and so it went that he had a new path for years to come.

He researched like sites and joined a number, both upstanding and seedy. In time, he was left with simply the upstanding or the cream of the crop as he'd like to think. The one problem was that to this day, he sucked at encouraging referrals to join him through his referral links. For a NEET like him, it did not matter for a time. Even by himself, his choice of sites allowed for earning that was quick by industry standards.

A simple goal he had for his main site. The first site he joined which had been online and paying many like him for over 7 years now. The one which earned him the most profit per day and more passively than any of his others. Someday he would build it up until he'd make around $450 a month from referrals he'd gain from the system of those members who had not signed up under others and were thus freely floating for anyone to take.

$450, then he'd move to some third world country where his then passive earnings would allow him to have his NEET life. "Internet and Paypal is all I need and I could live anywhere" is what he'd often say. For a time, everything was calm and fine and no one really bothered him. He was also unfocused and would sometimes spend his earnings on things rather than grow his account. Handheld consoles, games, a couple new laptops and whatever else he liked to have, he acquired easily enough. He was patient and with his in system gained referrals, as long as they made enough to maintain themselves, whatever he made himself was extra, aside from what they also made as extra and he used that excess to grow his main account if not to buy what he wanted.

He still played those simple browser games. They reminded him of his early forays into the internet in the early 00's where he was quite enamored with downloading games from the 80's and 90's. That's another story, this one has to do with him meeting a girl who happened to be in one such third world country as he had plans to go to. He wasn't normally one to socialize with anyone. The embodiment of introversion, which perhaps contributed to his habitually leaving games upon becoming bored with them and looking for the next thrill. Even in that game where the two met, he was generously giving his belongings to new players and preparing to set off for new shores, but her words of gratitude, which wasn't out of the ordinary, to be honest, prompted a response from him. He didn't initiate conversations with anyone, but he wasn't impolite by any means. He offered her the usual welcome and then she continued speaking to which he'd continue speaking and so on.

He had become fond of her, as a derp of an anon does, and one morning, he saw her conversation with another, in a public comment section, and concluded that that certain other anon had "confessed" to her. He panicked and immediately confessed to her too, hoping to share the "couple" status between them… They were both rejected, which actually pleased our anon for days later, after they've continued speaking more, she finally accepted.

I feel this is running long, as is my failing as an introvert. Think and think, but I'd like to believe I don't fail to act. Not much longer now, please bear with me.

MONEY MONEY MONEY

Question. Let's say I go to Japan/Canada/whatever, and I turn a lot of my USD money to their currency, and then keep it 20-30-40 years or however long. If their currencies change the design later, will they deny usage of my old currency because it has "the old design?"

Justine Musk on How To Become a Billionaire

>>Will I become a billionaire if I am determined to be one and put in the necessary work required?

>No.

>One of the many qualities that separate self-made billionaires from the rest of us is their ability to ask the right questions.

>This is not the right question.

>(Which is not to say it's a bad question. It just won't get that deep part of your mind working to help you – mulling things over when you think you're thinking about something else – sending up flares of insight.)

>You're determined. So what? You haven't been racing naked through shark-infested waters yet. Will you be just as determined when you wash up on some deserted island, disoriented and bloody and ragged and beaten and staring into the horizon with no sign of rescue?

>We live in a culture that celebrates determination and hard work, but understand: these are the qualities that keep you in the game after most everybody else has left, or until somebody bigger and stronger picks you up and hurls you back out to sea. Determination and hard work are necessary, yes, but they are the minimum requirements. As in: the bare minimum.

>A lot of people work extremely hard and through no fault of their own – bad luck, the wrong environment, unfortunate circumstances – struggle to survive.

>How can you *leverage* your time and your work?

>Shift your focus away from what you want (a billion dollars) and get deeply, intensely curious about what the world wants and needs. Ask yourself what you have the potential to offer that is so unique and compelling and helpful that no computer could replace you, no one could outsource you, no one could steal your product and make it better and then club you into oblivion (not literally). Then develop that potential. Choose one thing and become a master of it. Choose a second thing and become a master of that. When you become a master of two worlds (say, engineering and business), you can bring them together in a way that will a) introduce hot ideas to each other, so they can have idea sex and make idea babies that no one has seen before and b) create a competitive advantage because you can move between worlds, speak both languages, connect the tribes, mash the elements to spark fresh creative insight until you wake up with the epiphany that changes your life.

>The world doesn't throw a billion dollars at a person because the person wants it or works so hard they feel they deserve it. (The world does not care what you want or deserve.) The world gives you money in exchange for something it perceives to be of equal or greater value: something that transforms an aspect of the culture, reworks a familiar story or introduces a new one, alters the way people think about the category and make use of it in daily life. There is no roadmap, no blueprint for this; a lot of people will give you a lot of advice, and most of it will be bad, and a lot of it will be good and sound but you'll have to figure out how it doesn't apply to you because you're coming from an unexpected angle. And you'll be doing it alone, until you develop the charisma and credibility to attract the talent you need to come with you.

>Have courage. (You will need it.)

>And good luck. (You'll need that too.)

https://archive.is/nYKus

I will try to explain to you what is going on and what you reading in newspapers might be sensationalized but it is definitely not far fetched propaganda. Bankruptcy is declared when a person or entity cannot pay its debts and sometimes that entity can be a country. To be fair, Saudi Arabia is not going bankrupt because it currently doesn't have any debts but its blowing a big hole in its bank and running on steroids towards financial ruin. I have broken down my answer to explain the politics and economy of Saudi Arabia, the current oil market and how the Saudis fell into a hole they dug for others.

ECONOMY

Saudi Arabia's economy is an oil based economy and heavily dependent on oil exports. Despite spending billions of dollars to diversify the economy, no meaningful results have been achieved and the there is virtually no other industry apart from petroleum industry. Oil accounts for its 90% export earnings and 90% revenue for budget. Riding on the high crude oil prices from 2000-2013 the Saudi foreign reserves swelled from a few billion in 2000 to a peak of $740 billion in 2013. Basically the whole economy and existence of Saudi regime is dependent on oil. If oil was not discovered in Saudi Arabia they only thing Saudi Arabia would be exporting in 2015 would be dates, camels and maybe sand.

Another forums like /biz/

sup guys im new to /biz/ and i know than i should lurk moar, but 4chan /biz/ is shit and with the new problem i prefer stay here, i want to know more subreddits about finance but i dont know what are the best, can you help me /biz/?

Been browsing through my actively traded stock recently and saw this shit.

>market cap $300 mil

>$50 mil in assets and $40 mil debt

>paying 30x for a bunch of warehouses because they are owned by jeff bezos

>P/E TTM is 930 (!!!)

>P/E for last 5 years is 485

>posted $241 mil net loss in 2014

>price history literally looks like the "stages of bubble" chart

>doesn't even pay a dividend

What the fuck? Why do people buy this company?

ISIS And Petroleum Company Stocks

Does anyone have any idea how these middle east wars could affect the price petroleum stocks? Things such as exxon mobile, chevron, british petroleum, and etc.

Today crude oil went up because the Saudis agreed to be more cooperative with how they did things.

But how will these wars affect the petroleum company stocks?

/biz/ documentaries

https://www.youtube.com/watch?v=bFJ-hcst8Pg

Capital loss tax deductions

So I was casually browsing Wikipedia and stumbled on this:

>https://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States#Deferring_and.2For_reducing

>For individuals, if losses exceed gains in a year, the losses can be claimed as a tax deduction against ordinary income, up to $3,000 per year ($1,500 in the case of a married individual filing separately). Any additional net capital loss of the individual can be "carried over" into the next year and "netted out" against gains for that year.

Suppose you are just above a tax bracket. For example if you are making 40k from your job, your tax rate is 25%. You pay 10k in tax and get 30k after tax income.

If you invest in a stock, and it breaks even, you get 30k again. If the stock goes up, you'll lose some profit to tax, but still make more than 30k. If the stock goes down (doesn't really matter how much assuming you have "enough" of the stock, you need more for smaller decreases), you can sell enough of it until you have a 3k loss - this pushes you down into 37k taxable income which has a 15% rate, so now you owe 5.55k in tax and your income after tax is 31.45k - you still win even though the stock fell. In fact, if the stock falls, IRS is basically giving you a free $1,450.

Is this actually legal to do?

Growing money instead of staling it

Hey biz/

I have like $2000 spare just sitting around.

The $1000 are in physical silver and the rest is in the bank.

I realized that I want to grow my money, instead of just making it sit down and basically do nothing.

since r>g, I'd like to invest the $2k to at least maybe get some growth off of it by buying reliable stocks.

The problem is, I have no idea of any reliable index/mutual funds I can invest my money on.

I would buy individual shares, but thats fucking stupid of me since I dont know much shit about that.

I need some advice.

tl;dr

I want to make my money grow. Any good one to invest in?

Sometimes I wonder if 8ch can manipulate the market…but we're too small :,(

Where are some good places to find business related discussion like stocks, trading, entrepreneurship ? Other than here, I found:

4 chan /biz/

99 chan /money/

and a few subreddits

Anything else fam?

Stock Analysis

I have been posting stock tips on my website http://mstocks.weebly.com and on twitter https://twitter.com/h_marlin for a while now and I was wondering if you knew of anyone looking for a “stock picker”. If not I was hoping that you could pass my website and twitter handle along to people “in the know”. Below are some examples of some of my picks.

Symbol April 8, 2014 Closing Price August 26, 2014 Closing Price

ARII $64.34 $82.82

Symbol April 8, 2014 Closing Price June 16, 2014 Closing Price

BCEI $43.79 $60.52

Symbol April 8, 2014 Closing Price March 16, 2015 Closing Price

CBRL $94.83 $155.21

Symbol April 8, 2014 Closing Price April 2, 2015 Closing Price

FLT $112.25 $153.01

Symbol April 8, 2014 Closing Price March 2, 2015 Closing Price

MHK $ 130.62 $186.17

Symbol April 8, 2014 Closing Price Jul 24, 2014 Closing Price

OAS $42.88 $ 57.42

Please contact me at BM-2cSrkBHudHN38xMKwJdusnUtwaYJBxypgK@bitmessage.ch

Idea Extraction to Start a Business

/biz/, is the telephone the most powerful tool for getting started in business? With the advent of technology in the 21st century, we have an infinite number of ways with connecting to other people with the MAGIC of the internet.

However, the phone still holds a special place for connecting people. I am looking to start my own business but have been at a loss lately as to what I could even do, or how to help people. Conventional "internet wisdom" would direct budding entrepreneurs to make a shitty information product like an eBook or Website, then spam the shit out of it until it turns a profit. However, I seriously doubt if that has any potential to either make a serious profit or legitimately fill any need.

Upon further investigation I have discovered a product development strategy that involves starting a business with zero capital. Use of a phone is the key factor for success. That strategy is:

1. Pick an industry and compile a list of contacts

2. Call contacts and ask about their business, figuring out what their biggest problems and challenges are.

3. Develop a solution that solves their biggest problems and challenges, especially one that saves them time/money

4. Pre-sell that solution by offering a discount to early adopters

5. Use pre-sale revenue to fund development

6. Use the leftover profits after development to market your new product and develop improvements

7. Congratulations, you have a new business

Discuss /biz/, has anyone had success doing this before? I actually tried this approach with an industry I've worked in before (K-12 education) and got a couple of contacts on the phone. Most interestingly is that I made it to stage 4, but wasn't able to pre-sell because there is too much fucking red tape in school district purchasing to make it viable. So, I am now looking at other industries. I'd like to know what industries you think this model could be successful in.

>implying you will ever be able to retire

I'm sure you guys have seen this article before: http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

I just want to bitch about what a load of bullshit it is.

He calls 50% a reasonable savings rate that will let you retire after 16 years, so I'll go with this figure. Let's do some reality checks:

If you make federal min. wage, this means living on $580 a month (!!!). Yeah, good luck, unless you live in a tent under the local overpass. But okay, that's minimum wage, right? Of course it's not enough.

Well, let's say you make the median income. This is 43k per household in US as of 2013, before tax. For the same year, the income tax is 15% if you are head of household. So after tax you get 37k. Now you must save a "reasonable" 50% of this, which means you must survive 1500 a month. On this 1500 a month, a whole household must survive. Let's say you were "smart" and didn't have kids, didn't have live-in girlfriend and will never marry. 1500 a month, for a single person, doesn't sound too bad, huh?

Well, I live on about that much currently. About half goes to paying rent (and I'm sharing my house, otherwise I'd be spending 2/3s on rent). Most of the rest goes to food. I don't have a car and have to beg friends to give me a ride to the mall. I have to scrape and scrunch to take a once-a-year vacation to a neighboring state. I commute on a shitty cheap bike that's literally falling apart because that's all I can afford. I can't visit my parents more often than yearly because of how expensive plane tickets are.

I don't mean to whine, all things considered my life, while being nothing to brag about, isn't terrible. But by this guy's logic, the "median household" would live at this income level for life. A young 20s dude can handle 1500/mo, but a 60 year old guy? What if I get cancer and have to pay for chemo?

And keep in mind that this is for the median. 50% of the households, not even individuals, make less than this, so for them it's even worse. Save 50% of your income and retire early? Lol, literally only possible if you're way at the top percentiles.

And where's this asshole getting these ridiculous ideas, anyhow? He says, "oh it's super easy, I did it myself without even trying lol". Well, here's the details: http://www.mrmoneymustache.com/2011/09/15/a-brief-history-of-the-stash-how-we-saved-from-zero-to-retirement-in-ten-years/

>comp. eng. degree

>got a job straight out of college

>that job paid 41k (in 1997!)

>no student loan because rich parents paid for college

>zero interest car loan because rich sister (16k for a 3 year old car, kek dem 90s)

>buys tons of expensive shit

>STILL manages to save 5k in one year despite that

>after 1 year, got a 35% raise to 58k (!!!)

>still paying $350/mo in rent

>after 3 years salary is now 77k

>riding the dotcom bubble for all its worth

>after 4 years (at 26 yo) manages to find a woman who is both wife material and has a 44k job

>both him and girlfriend continue to get raises

>le easy retirement lel

Well, fuck, buddy. Not only do you have one of the highest earning majors, not only did you happen to start your career during one of the biggest booms of this century, not only did you manage to easily find a wife-material girlfriend (forget retirement, just this at 26 is very good luck in this day and age lol), not only was your wife also raking it in, not only did you start out with a great salary and it just kept skyrocketing, not only did you find great roommates who weren't making your life miserable, not only did you have to pay ridiculously low rent, not only did you have a wealthy family that supported you through all the big expenses… Fuck, I'm gonna stop here because it gets depressing.

So basically, if you are very lucky and in the right place at the right time, you can retire early. Whoop dee fucking do, thanks internet blog man!

http://www.theguardian.com/business/2015/sep/28/swiss-watchdog-investigates-bank-collusion-in-precious-metals-market

What does this mean? Have people been paying inflated prices for precious metals?

Advice for an 18 y.o

Just started my second year of A-levels so I'm estimated to finish school at 19. Anyways, got £5000 of saved money.

I need advice on everything and anything relating to finance because I haven't looked into this too much just yet until now. I'm willing to read books on important stuff.

Need help in regards to buying a house in the future, renting a place in a couple years maybe until I buy a house etc.

I understand you're not here to lecture me on everything in the world of business and finance so I'm just asking for some pointers in the right direction and I will go from there.

just turned 18 niggers

what are some basic economic tips every american 18 year old should know for a safe financial life

>feel free to share some mistakes you've made

halp pls

I'm here to ask a very basic bitcoin question. I'm new to bitcoin… how much is 0.05624854 ฿ to GBP? Also, what Is 0.05624854 ฿? what unit of currency, does it amount to tens of pounds, hundreds?

is it in those satoshi things? if not, how many satoshi in 0.05624854 ฿?

I'm trying to understand it but I can't, no wonder its not catching on… its not straight forward enough.

stockflare

saw this ad, what do you guys think?

So I'm getting started in investing. Right now I don't have a lot of money. I have $1k in the bank and another $2k that I received for doing a special job. I planned to save all of this, but I figure inflation is going to kill it long term.

I want to get into investing in order to start saving for retirement. In the past, I have lived in the street and only now am I getting on my feet. I save $360 per month. I know it's a paltry sum, but I have to start somewhere.

However, looking into it, it seems that in response to the Chinese devaluation of currency, we might start to see a race to the botton. So the question is:

Do I buy now, or later? If the market is indeed about to undergo a correction, then it's better not to get into it now and wait until it bottoms out.

On the other hand, if the dollar goes through a devaluation like it did in the past fifteen years, then it might be more advantageous to simply get into it now, depending on the numbers (which I haven't gotten into yet.)

What does /biz/ think?

Apologies in advance if this is beyond retarded. I've only just started learning about money and how it might work.

penny stocks

Can anyone explain to me how penny stocks work and what they are? Just generally what you know about them, and help answer questions such as

>how do i into penny stocks

I know very little about stocks at this point

penny stocks general i suppose

How to use us.etrade.com when you are not living in U.S

Hail,

Some of you use us.etrade.com for buying stock or other shits?

I wondering if you have a trick to use it when you are not living in U.S

Silver

Business ideas

Suppose I acquire an amount of capital, about $1,100,000. I invest it. And I'm successful because I'm educated in economics, mathematics, and programming - and I also have a good sense of what's culturally useful and what's not. My investments are likely in electronics, construction materials, and automobiles. A varied sort. What's a good business or next-step to ensure I'm a multi-billionaire? I couldn't find a finance or business board on here so I chose /b/.

If some currencies are way easier to counterfeit than others, how easy would it be to print a ton of one that's the perfect mix of high value/low difficulty and exchange it for USD?

Question?

Hey, I have a question, sorry if it's a stupid one (this is my first time on /biz/, does /biz/ usually have stupid question threads?)

If I have a website (maybe for a webcomic, art dumps or for a personal blog), and I put a donate button on it (like a PayPal donate thing in 2nd pic or a Patreon button like 3rd pic) would the website be classed as "commercial"?

(maybe this should go on a law board or something but /law/ is empty)

I've made only one full contribution to my roth last year. I may lose my job and will probably need the money to help pay for school. Should I take it out now, or wait a little longer?

alright I am fucking pissed off

I just started a business. paid good amounts of money to promote it ($10k). people promote it.

1 sale. earn $20

personally emailed 20 people to test it for free, they dont even respond.

wtf is wrong with fucking people these days.

Skype Group

Would anybody be interested in a skype group where we shill stocks and pretend to be successful daytraders? Or just joke about typical /biz/ memes etc? Anybody?

it's climaxing

Fed's gonna meet this september. Pretty much everyone at this point knows they're paralyzed, interest rates haven't budged from 0.25% since the '08 crash. Is this it gents? What else could they possibly pull out their ass to keep the market from correcting?

Don't do what you love for a living.

Warren Buffett and George Soros are crony capitalists

I'll be really frank here: I think men like George Soros and Warren Buffett are the worst kind of capitalist: The wolf in sheep's clothing.

Their sole claim to fame is investment acumen. Neither man has ever actually created or run a business. They have made their fortunes entirely through the process of using money to make money. Soros' claim to fame is making a fortune on currency trades which were essentially a humongous transfer of wealth from the people to him. He wasn't even investing in companies, let alone shorting them. He was trading money.

In Buffett's defense, he is a productive trader who invests long-term and doesn't make money off of shorting stocks. He does, however, make money off of government intervention, essentially using his positions to gain from a transfer of wealth from taxpayers to his investment. He did so on his purchase of Goldman Sachs. He's now doing so with Bank of America.

In case you aren't aware, the credit markets have priced BofA out and shown a complete lack of confidence. They believe there's a strong possibility that BofA is under-capitalized and at risk of failure. One of the main points of contention is BofA's liability in regards to the robosigning scandal. Many in the investment community believe that BofA's estimate of its liability is grossly understated, and the NY Attorney General has been a thorn in the side of negotiations to settle the case because he has refused to absolve anyone of criminal liability on the matter.

So what happened last week? Buffett meets with President Obama on Tuesday to allegedly talk about jobs. On Wednesday, the Obama administration removes New York's AG from the settlement negotiations with the intent to forge ahead on a deal without him. On Thursday, it's announced that Buffett has given BofA $5 billion in a deal that can only be described as a win/win for Buffett. Even if they go out of business, he stands first in line to pick the carcass clean and recoup his investment with little or no loss.

If BofA is able to obtain a settlement with the other 49 states that falls in line with its expectations, their stock will likely rise and the credit markets will likely ease up on them, allowing them to live to die another day. It also happens to make an amazing return on investment for Buffett.

The interesting thing is Buffett claims he was "in the tub" on Wednesday and had a eureka moment wherein he decided to invest in BofA. Supposedly, within 24 hours he was able to accomplish the following:

Roll Call

ITT: We talk about our income and jobs.

I'll start.

$20/hour

Nursing Assistant

I'm a lazy bastard so I only work 40 hours a week.

I have an associates degree in science.

Still working on a bachelors.

Its ok though, since Im making more money than people i know who have a BA in stupid shit like Arts, Gender Studies, Psychology or Philosophy.

Early start

Im young, lets pretend I'm 18.

I want to know about stocks, trading, etc

>investing in general

Like i said I'm young, little money, but no debts/ expenses (slow, but steady income)

How do i get started with this sort of thing.

Clearly, my knowledge on the sort is abysmal.

>if you are going to be an idiot, don't even bother

Stock Options

Let's talk about options, does not need to be for stock specifically though.

I have been just trading stocks for a while now and am trying to get into this type of investment.

The goal being to trade some insight or experience on options of commodities or otherwise.

Good information link: http://www.theoptionsguide.com/

I personally am trying to figure out if you have both a put and a call bought, do you actually need the capital to purchase your call's stock and then you fill your put, or can you just have paid the premium for both? Can not seem to find a clear answer, some things point to one or the other.

Owning video games

New Bitcoin ripoff is free

Hey /biz/cuits

bitgold.com/r/CNYCg4

This link gives you $8.85 (0.25 grams) when you sign up. You can get it wired to your bank, get it in real gold, or (soon) in Bitcoin in 60 days The value of this currency could easily skyrocket. So, if you want to do some costless investing, just click my link.You shouldn't actually invest with your money in this thing.

Small buck! business buy and flip ideas Ebay Craigslist China Us

facebook selling groups have exploded here where I live. People buy and sell everyday. no fees yet. But I did notice that facebook is allowing sending and receiving money on their website. Don't know anything else but that there is an money icon on there messaging tab when in PM messaging with others.

Me I find cheapest gag/crap/chinese penny auctions on ebay and when the items arrive I sell for a quick flip. I have found that like cute items sell. from iphone home button stickers to led's light (pic shown) I have zero graphics or web dev experience but since neet and low on cash I can't pass up the 400% profit on selling an item or three a day. Most of the work is really dealing with the customer and then meeting him/her real.

OPEN discussion goood or bad.

Makin money

30k in a year.

This may be small potatoes for most of you /biz/ types, but I want to raise 30k for diving school. I'm going into a 15/dollar an hour job with 40 a week. I don't have any other expenses than a 200 dollar a month Great Lakes payment.

This leaves me around 1600 a month to play with, after taxes.

What's the best way to reinvest my money in order to reach a goal of 30k in under a year to year and a half? Or at least, reach the point where I can take out loans.

Thank you for your time.

29 yo, 20k, no debts wat do?

hello money geniuses!

i'm from canada

i'm turning 29 in a week

i have $20,000 that i've saved in my life

i live and work illegally in the states

so what to do now?

the money is broken down as follows

$3500 in cash on hand

$3500 in TFSA

$12,000 in RRSP

$1500 in canadian chequing account

the RRSP money is not invested in any way, i never got around to sitting down with the investy people before i left canada

so it earns <$10 a month

currently i do work-trade on a property in exchange for free rent

and work at a shop on weekends, which has given me $3000 net profit in the last year

what i'd like to do is buy a small property to live on out here and mostly just hide out indefinitely

i live very frugally and am looking for ways to supplement the continuation of this lifestyle

any advice would be appreciated

i'm pretty good at hoarding money but not really good at doing anything with it afterwards

thanks!

Finding Niche Marketplaces

I have a previously rich friend who lost his fortune and asked me to help sell some of his weird shit. He's giving me a commission of each sale.

So my question is, how can I find good marketplaces or forums full of people looking for a certain kind of thing, wanting to buy them? I'd use ebay, but I don't want to give 10% of everything including shipping.

Some things he wants to sell:

>World War II Russian Shashkas

>Original poster-sized prints of work from early 1900s photographer, Edward Curtis

>bear rug and wolf rug

Just curious if anyone here has any experience with this. I'd use Google, but how can I be sure that a certain site I find is worth it?

ok so i came up with this get rich scheme.

lets say you get addicted to crack cocaine. that's pretty bad right? well not if you look at it as a chance to get rich.

you see, not many people have enough of a drive to make money. they mainly see stuff they want to buy, but when you're on crack, it's a matter of need not want. therefore, you will have more conviction to acquire more money, which means that you will become richer.

thoughts?

Pump n Dump

/ebay/ thread

How do I into selling shit from China?

>bought some shit from DHGate to sell (would've gone with alibaba but I don't have a business set up yet so I can't use their site)

>make listing and set price similar to the top sellers

>page only gets 4 views

>delete page and try to make ads similar to the top sellers

>page only gets 1 view

What the fuck am I doing wrong? I'm not new to eBay and have sold things on it before but when it comes to selling cheap shit like screen protectors, I just don't know how to get customers. Anyone with any experience?

How would one buy shares of a tech start up?

A lot of billionaires are predicting another recession by the end of 2015. I'm just a college kid wanting to get into stocks. Would it be good for me to purchase these stocks during the recession, hold onto them and wait for them to bounce back?

Hope it´s the right board. How much should I charge per word as a copywriter working on a website? I already worked for them but it was in the office and I got payed monthly and they like how I write, but I don´t have any qualification

The pay was shit so this time I would accept a job only if I get a honest salary

I´m in Germany btw

this looks like an awesome board

Dividends are going down

Anyone using Jet?

Yo nigga

AMD

Hillary Clinton

Til' April

Give the world better internet conection

question for /biz

Bitcoins

Startups General

Big Movers in the Market

Make money as a student.

Secret shopping

Debate thread

Recommended Financial/Investment/Business Podcasts

Crazy $3 Million Project

Brokers & Platforms

Craigslist

Dodd-Frank

dogecoin wow..

Stock Market General

So here's a theory

ebay

How to have fun while saving

Volunteer thread.

Starting small bussiness

How I'm doing /biz/?

Stock Drop DOWN 400+

Strategies for Selling Web Development

Passive Investing and Vanguard General