Archived threads in /biz/ - Business & Finance - 208. page
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>Fast food chains, trucking companies, farms and factories across the country switch to robots and automation technology, cutting back 90% of their workforce in the process
>20 Million Jobs lost
>Public outrage ensues
What do?
How do we avoid this situation without passing up the benefits of automation?
ubi or mass extermination/ww3 are pretty much the only options
>>1298906
So a continuation of the last 600 years but with robots instead of machines.
>>1298918
Yes, kind of, but I think that with the current world population and the capabilities of automation, the impact will be much faster and more devastating.
In the past it has simply taken less people to do the same job because they make the work easier and implementation has been very slow and usually in only one or two fields at a time, now we have the ability to erase many jobs across a variety of fields.
I mean there are only so many jobs that are immune to automation, most of those either require a...
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I'm pretty new to investing, still learning about stocks and shares, etc. But I am interested in opening an index tracker fund. The issue is I don't have that much money, probably the most I could put in initially would be around £2000 ($2850) and I will then be putting in around £200 ($285) a month but probably increasing in future.
All of the index trackers I have seen require at least £100,000 to start with. Are there any which don't have a set sign up amount or have a lower amount? If not, what are some savings schemes that pay compound interest...
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You can use robinhood if you are in the us and buy Vanguard funds.
If you are from another country you can check drivewealth, since it only charges 2.99 per trade.
>>1298901
>drivewealth
Thanks mate, no I am not in the US so I would have to go down this route, but isn't there anyway I can do it without opening a dollar based trading account? Surely there must be some UK based options?
>>1298909
If you are younger than 23 you almost have the required minimum for Interactive Brokers, which I believe would allow you to trade in the London Stock Exchange (and almost every market).
https://www.interactivebrokers.com/en/index.php?f=4969
>Ethereum would be worth $100 a coin right now if this autist had named it something catchy like "bitcoin" and not something that sounded like startrek gibberish
This fucking rat ruined Ethereum. No normie will ever talk about Ethereum, it sounds fucking retarded.
I like the name. I hate ethereum shills, and I'll never buy, but I like the name.
It being designed as another shitty p&p ruined it
If you have to buy bitcoins before you can buy your coin, then your coin is a pump and dump
Bitcoin is the one and only crypto. The rest are just there to scam people
The only reason shitcoins like Litecoin and Eth are not zero is because too many bagholders bought in at the top and their ego won't let them realize a loss, so they pray to an autistic Russian.
Can't wait to see Trump crash in another month or so.
>muh technology
>>1298646
Hehe nice ID.
I agree that no matter what else it may or may not have going for it, eth is a shitty pump and dump scam, and therefore will never be taken seriously. You can thank the 'crypto community' for that.
Also, OPs pic. I mean, really. He looks like a little tweaker kid and he probably is. He'll continue to cash out his share to fiat, you can bet on that.
What's your endgame, /biz/?
I will always be unhappy and hungry for more and constantly insecure
So in the mean time why not get rich and shredded? :)
I'm there, meng. Recently tried to retire, got bored and restless, so am back to work.
I'm a high frequency trader for a major prop firm. Ask me anything.
Pic related: It's me and my bitch.
absolutely 0 images that are the same on the internet I swear
>>1298544
Your bitch looks like Edward Snowden
>>1298550
you got me. my forearms aren't nearly as hairy. I swear my boss has an old Island mousepad kicking around though.
What is the best thing to do with $7000 I've earned working? I'm 18 and in college full time.
GICs make me lol, I'm thinking of just seeing an investment adviser at my bank (RBC) and having him handle it for me. I don't want to go into the meeting blinded though.
![[art of the deal intensifies].jpg](https://i.imgur.com/AgSt6PP.jpg "[art of the deal intensifies].jpg")
1. pump it all into trump coins
2. watch it go to the moon within a year
3. 7000 x 25 (from 4 cents to 1.00 per coin) = 175,000
4. pump it all into penny stocks
5. glorious capitalism kicks in
6. they go to the moon
7. sell sell sell
8. repeat steps 4-7
9. enjoy infinite monies
>>1298448
Yeah or I could maybe not do that.
>>1298450
>he doesn't want easy money
Look, I'll be straight here. I want to buy like $60 of shares of a stock. I have a custodial account with Edward Jones my father set up for me in, like, 2005. It has like $62 of market value. I have zero other stock or finance experience.
I want to buy $60 of shares of this specific stock. Can I do that through Edward Jones online? Am I going to have to call the place? Or should I just open up an account with TradeKing or something and purchase it through them, and make a miniscule trade like twice a year to avoid their inactivity fee? I just want to buy a small amount of this one stock basically for fun, honestly.
I'm a dependent on my father's tax return, and I'm currently working under the table for a friend's business. Will I just list "Savings" or something as my source of income?
I know, I'm a complete idiot about this shit. Just help me out, man.
i, uh... dunno.
>>1298426
Dude...
You got bigger fish to fry then buying $60 worth of stock dog. Take that $60 and buy some clothes for interviews. Get a fuxing better/additional job.
>Call Edward Jones and ask them this shit
>>1298538
Doesn't matter, I just want to fucking do it.
What does /biz/ think of Peter Schiff? Is a dollar collapse inevitable?
>>1298406
Yes. Yes it is. On an infinite timeline all currencies will collapse.
Schiff has been wrong for about 5 years now, and he may be wrong for another 20-30 years, however.
>>1298414
>he may be wrong for another 20-30 years
I don't know about that. He seems to have been calling the FED's moves these last 6 months pretty spot on.
He's the perfect example of le broken clock is right twice a day meme. He kept yelling collapse for a decade and it finally happened, even though it was for entirely different reasons than he said, and now he always points to that as if it means anything. He is a gold shill nothing more.
What does /biz/ think of investing in Bitcoin gambling sites?
Unlike the HashOcean Ponzi it actually has a sustainable business model, and ones like Satoshi Dice are reputable so chances of walking away with coins is low.
ROI is roughly 30% year from the research I've done. For people investing in bitcoins hoping they'll rise back to the moon, seems like the best way to put your coins to use in the mean time.
Why would a bitcoin gambling site accept investors? That's the dumbest thing I've ever heard. Successful models like that stay privately owned. Anything else is a scam
>>1298413
Investors put their bitcoins towards the sites bankroll, allowing them to take larger and larger bets while still staying solvent. They have a 2% edge (other sides have different edges). Satoshi site takes 50% of the profits and gives 50% back to investors.
>>1298400
satoshi dice is an attack on bitcoin it tries to overwhelm the network with small meaningless transactions, and there is an other bot that tries to make satoshi dice lose with double spend attacks which on the other hand taints the bitcoins and thus the network.
so no i would never use satoshi dice.
How do I get better at giving presentations?
I am literally terrible, I trip over my words and cannot engage, anyone else relate?
>>1298348
Use stupid tricks to engage the audience.
>"Everybody stand up"
>"Now shake your neighbor's hands"
>"See how easy it is to make connections?"
>"That ties into the buttplugs I'm selling because..."
It engages people and boosts your confidence when a large group does what you tell them
>>1298348
Join Toastmasters.
>>1298402
>Toastmasters
Is that actually worth it?
Hey so whats the deal? Ethereum can't seem to crack $15 even with all the DOA hype and Bitcoin can't crack $600 even with the halving hype. If they are struggling to hold on to their current price now, what happens when all the hype dies out? Sad days we live in for cryptotards.
>>1298299
>doesnt think that ethereum will at least be $20 in less than a month
Nice try, shill.
>>1298353
>shill
That's the pot calling the kettle a nigger. How the hell do you figure that eth will be $20 when it can't even break $15?
>>1298355
GET A LOAD OF THIS NIGGER! ETH WILL BE AT LEAST $20 BY THE END OF THE MONTH AND $75 BY THE END OF THE YEAR.
>was inspired after reading about Musk's work ethic
>go to library to study programming
>studied for 4 hours before deciding to begin the first day of the rest of my life tomorrow instead
Heh... This is my last day if relaxation guys...
>>1297934
Always be yourself, have faith in yourself don't look for a succesful personality and duplicate it
>code monkey work pays off
>same dog different fleas
>>1297934
the thing to remember with guys like Musk they had a much better opportunity then most start ups today. They didn't completely understand what the internet could be but we do so its going to be harder and more skill based. Good luck tho man hope you change the world.
>>1297934
See you tomorrow.
Is the Dollar going to collapse?
How?
Why?
What will the US Reserve currency be afterwards?
>>1296986
All fiat currency is eventually worthless.
Right now we're waiting on 2008 Recession: Part Deux. It will be worse than 08 was by far.
None of the fundamental problems that caused it have been addressed, only papered over. Banks and business that fail are not supposed to be saved. If the government had only let the system fail and work itself out rather than prop it up, we wouldn't be so fucked.
These bubbles will pop, and when they do, it will be ugly.
>>1296986
>What will the US Reserve currency be afterwards?
Bottle caps.
>>1296986
If you want your answer. Look into Roman's currency, as we're following in their foot steps exactly.
> gold currency
> fiet currency
> economic boom
> gold currency*
> end of Rome
*Our gold currency is China.
History repeats itself all day everyday.
Why are people still running down the biotech sector, /biz/?
Okay, a lot of the companies people invested in ten years ago have gone nowhere. But serious progress is now being made in developing new small molecule and genetic therapies for a wide range of indications, including in dermatology, oncology, gerontology and ophthalmology.
How much longer will the 'biotech bubble' meme go on for?
If you wait for final FDA approval for some of these extremely promising drugs in stage III and stage II clinical trials, you're going to miss the boat.
A few particular stocks I'm watching in this space:
ZYNE
ARRY
CALA
ACRS
RNN
Nobody interested in biotech? Really?
We're on the brink of the most rapid and profound advancement in medicine ever, and nobody here is interested in profiting from it?
>>1297485
You think these will be moon rockets within the next couple of weeks/months?
What makes a business man a business man?
>>1296596
Testicular fortitude
Risk aptitude
Mental latitude
