Archived threads in /biz/ - Business & Finance - 287. page
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Why cant i :
>find $1m in funds (assume its possible pls)
>leverage my account to a 100:1 ratio
>i now have 100mil in trading possible
>trade using either small amounts of it at a time or invest all of it
Even if i make a measly 1% a week, its a lot?
Even if i can only get a leverage of 10:1 its still a lot of money
Am i missing something that i dont understand?
Assuming i can make a positive trade and find the starting cash.
>implying anyone's gonna let you throw 99 million dollars in the shitter
You have to pay interest on money that you borrow, that eats into your returns. It's doubtful you could find someone willing to lend you 100m for a rate of less than 1% when your plan is stick it in a money market account or something.
Also, you're not going to average 1% a week. No way. If you averaged 1% a week that would be almost 70% return over a year. Nothing will ever return that much on a consistent basis.
>>1261787
>Am i missing something that i dont understand?
Plenty.
First, ask yourself why everyone else isn't doing this?
Unless you believe this hasn't been thought of already, you're making the assumption you're just that much smarter than the rest of us.
It's summerfag time!
> be me
> wagecuck making $70k/yr @ appx. 40hr/wk job with no student loan debt thanks to community college having been cheap
> #foreveralone in an apartment invisible to women, so not spending money there
> cash surplus
> deciding to learn about investing in cuckcoins in all of this spare time
Where do I start? I know fuck all about economics, so I've already started with...
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>>1261712
> Is there a mandatory book(s) for learning about trading cryptos?
Hahahahahaha. Oh you.
>>1261712
>btfo assfucked because it's all a scam
not all scam some are but you can even trade them and turn profit.
what you have to understand about cryptos is basically they are a gray area not regulated and certainly you have no safetynet.
you can lose everything you put into them overnight.
and also same as with metals if you won' thave it in your hand (wallet) you don't own it. if you have a crypto balance somewhere it doesn't mean jack shit you can lose it...
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>>1261722
The other option I was thinking was since I just rent and live in a studio apartment (it's all I need since I'm not getting married or having kids, just too cynical about modern western women/laws), maybe I should take my cash and good credit and get into running apartment buildings, living in one of the units.
I know that's work, but I'm able-bodied and not a fat fuck, so I don't mind doing physical work to maintain.
What put me off was mostly the doom and gloom I hear everywhere...
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So now that trump is leading the polls. Is /biz/ planning on shorting any of these no good multi nationals trump will be going after with regard to importation tariffs etc. I expect a few would make good shorts. Prices should drop leading up to the election shouldn't they?
What are your picks?
>>1261643
>non-american
>knows trump has not unveil his economic&financial plan yet
Specifically American companies that have outsourced manufacturing.
It feels like everyone is still in denial about the possibility.
>>1261643
I highly doubt there will be much correlation between what Trump does after he wins, and what he said or promised before that.
He's in the race to win it, and he'll do or say whatever suits that interest.
Still hope he wins though
investment banks pre and post 2008
has anything really changed? is investment banking now any different?
companies like goldman sachs, anything to prevent them from fucking people over again? they paid 5.6b or something for their involvement in the mortgage shit.
nobody wants to share their insight?
Of course nothing notable has changed.
I don't want to sound egdy but I'm slowly converting my savings into Ethereum.
Interest on my savings account is 0.6% now, and the government still pretends like it is 4% so the capital tax I have to pay each year is bullshit.
>>1261616
>don't want to sound egdy but I'm slowly converting my savings into Ethereum.
Ahahahahahahaha. Holy shit.
Why is every millenial friend of mine planning on mortgaging an apartment and renting it hoping it will rise enough to net them a nice profit? Is real estate that safe?
>>1261466
Because rent is insanely high and they think that they too can get rich without any actual effort.
>>1261466
what city are they buying in?
Because millennials are idiots.
Selling things in the UK is practically impossible because you get slapped with 20% VAT on top of whatever you want to import from China. Most times this really reduces any sort of profitable margins and doesn't make it worthwhile anymore. Is the only way to get around this to import more?
>>1261405
Welcome to the shopkeeper's eternal struggle. Inventory management, hope something sells, rinse and repeat ad infinitum.
>>1261405
you need to import to a country with low vat and then buy the stuff there since it's an eu country you pay the vat there.
for example i buy silver from estonia as it is vat free there and since i live in an eu country i don't pay any vat on silver.
>>1261405
an other option is to order from alibaba or something and simply ignore the regulation you get free shipping and the items will be labeled to not cause suspicion. to certain value threshold you are vat free and tax exempt for imports.
and basically lot of webshops use this loophole. they order in stuff and they sell it for 10 times more. huge profit margin.
on the other hand huge risk you can't be sure what you get until you got i heard some horror stories how orders get mixed up. chinese really don't...
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Hey biz! I have up to 600000 usd that I want to invest into a property In a European capital. The idea is to rent it and live comfortably in asia and then maybe sell it in 10-15 years for profit. If you had half a mill to invest, where would you buy?
>>1261400
Considering you aren't bound to a location I'd invest in a city that's still growing. Not necessarily a capital. Plus I'd prefer to buy two properties for that money instead of one to spread the risks.
I'd also invest in a place that I could easily reach to take care of matters. That said, you posted a picture of Amsterdam. Here in the Netherlands you do have businesses that can rent your apartment out for you.
>>1261407
Do you know what are the taxes on renting in Amsterdam? Are the laws pro landlord or pro tenant? Thanks for the reply btw. The more I do my research the more I am leaning towards Amsterdam. Any good neighborhoods you can recommend?
>>1261400
City of London. Prices will only rise in the financial capital of the world. Just make sure to buy the property in a good neighbourhood.
So at some point I'm expecting a VR company to come out with a smartphone app that allows users to watch different events around the world through a VR headset.
You pay a small fee and then you can watch concerts, comedians or sports games through a 360 degree camera, the user would be allowed to change the view at will.
If you consider how popular relatively shitty concepts snapchat and periscope have become I can imagine this going to go on to be a big deal. If you factor in the fact that the porn industry will probably get involved in VR headsets etc, I...
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HTC, if you're able to invest on chinese market.
They make the valve headset. I'm pretty sure Valve will sell tickets to see major e-sports events in VR soon; then the sky's the limit.
VR adoption isn't going to be mainstream for another decade. Niche adoption for high-end PC users maybe, but even then it's at risk of completely destroying itself since the userbase will be so limited due to such small adoption, that content creators won't see viability in pursuing it.
It's the same reasons video game developers went for building WoW clones for a decade plus, instead of pushing the limits. When you live in an economically-declining/depressed Western world, the gameplan for business is to cater to the majority and their shrinking...
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>>1261624
I think it will be quicker than that. You can get a decent headset for £40 now.
I am creating a niche social media/network site
I created a beta version of the site last year in around 60-70 hours using Wordpress and I was wondering is Wordpress the best way to create a site today? It's going to be more than just a social network so I need something more than Dolphn. I had to get hella programs for Wordpress to be the way I liked and worked for users wanting to sign up, but in fine if I don't have to do much (any preferably) coding.
>>1261300
>is Wordpress the best way to create a site today
No?
If you mean for a lone-wolf who barely knows any code then sure I guess.
>>1261304
It's actually a group of about 4 people workin on this project and I know html, Java, Python obviously and a little bit of C (not much) but I don't have the time with work, it's more of a side project
I use Wordpress for my site with my self made theme. But I merely want to present information.
If you want a more interactive site then using Wordpress is possible, but coding it yourself will give you a lot more control over it. I've found Wordpress to be highly restrictive.
I think most business owners didnt know how to code before starting an online business. They just started doing it using the book-on-lap method.
I am a complete idiot so help me understand how to turn 10,000-50,000$AUD into a million.
>>1261286
1. Invest all of it in index funds and wait 10 years
2. Invest all of it into a high interest savings account and wait 40 years (increase amount deposited to decrease time needed to acccrue capital)
3. Just earn more money. 50K is good, but not enough to start your 1 mill journey. Just keep trekking and you'll get there.
>inb4 etherum
>>1261288
Is $90 to $100k enough?
>Violated Regulation T by selling a stock too soon
>Broker calls says that I can't do that and puts 90 freeze on account
>Tell him to go fuck himself
>Open new account with another broker
>>1261232
What's Regulation T?
What's a 90 freeze?
>>1261238
You can't sell stocks that you bought with unsettled funds until the original sale clears (3 trading days from sale date).
90 day*
>>1261241
Yeah that seems like a stupid rule. Especially if you got a tip on a quick spike and want to make some profit before the stock goes back down.
>Wake up this morning
>Remember weird dream involving elementary school crush I had
>24 years old now, haven't seen this girl in almost a decade ( moved during school)
>Google her name, curious how she wound up doing
>Linkedin profile "Oh cool good for her"
>See vaguely familiar names in the related people section, all other girls I remember from school
>Popular...
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>analyst
>Goldman Sachs
...
>advantage
Are you retarded op?
>>1261193
>even as a guy that doesn't really get you anywhere in the business world by itself.
try being ugly as fuck.
I mean its not as important as it is for women - like you cant just coast on looks but decent looks for a man is huge in business , add a dash of nepotism and you can be vp 2 years after starting
>>1261193
try r9k
/lit/ here,
Care to recommend some /biz/ literature? Is pic related any good?
>>1261178
Of you want a good piece of /biz/ literature in the same tradition as Hayek read "Economics in One Lesson" by Henry Hazlitt. It is the most straightforward and simple explanation of basic economic phenomena and debunking of common economic myths that exists. Some of the chapters are literally less than a page long. Keep in mind, it is a general primer that was meant for the common man. It has no math, and no footnotes or citations, just explanations in terms the man on the street can understand.
RTS...
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>>1261235
>Of you want a good piece of /biz/ literature in the same tradition as Hayek read "Economics in One Lesson" by Henry Hazlitt
Thanks, I've heard of this before. Maybe I should have mentioned this in the topic but I have an undergraduate degree in economics. I don't feel like I learned very much (read: anything) about the views of specific economists though because it was mostly a bunch of math. Thus, I wanted to read some books on the topic.
>>1261178
Nassim Taleb
Am i really going to make £17,000 british pounds out of a £300 investment with lisk?
Well?
>>1261333
Why? Because i didnt invest in your silly stocks?
You know anyone can create a company and issue shares right?
Its never ending and a total mugs game, at least cryptocurrencies have a limited supply. And are harder to create
I don't understand why they can't just let kids choose their career path at 14. That's how it used to be. There's such a thing as changing careers, it's entirely possible if you made the wrong choice at 25 and can switch. Not a huge deal.
I'm seeing people at 26 finally finishing school, never worked a real job in their life. Work should start at 14. High Schools should only be half of it. A lot of charter schools actually employ this sort of thing. Public shitschools never do.
I knew what I wanted to do at 14 but I was only able...
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>>1261127
At 16 I decided I wanted to have 4 careers in life, dealing with the entertainment industry and the tech industry
I am currently on career #3 - screenwriting while still working on career #2 - Web design
I have been fairly successful with music having 2 of my albums chart back to back. With that being said I feel like I am one of the only ones that knew what they wanted to do before I was 20.
>>1261136
This. I had several career paths I wanted to choose but of course I wasn't allowed to do so until I was well into adulthood. Parents and schools shunned me into doing anything other than homework grades and test scores. The little free time I had after school was my only outlet.
We were told to choose 1 thing and that was our lifetime career. THAT'S the problem. There is nothing wrong with choosing multiple career paths, either at the same time or in different stages of your life. Public education...
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Public schools can teach you all you need to know to be a productive adult, the problem is that you only get out of school what you put into it and we, as a society, have decided that everyone should be forced to go to school until 18 (although effectively 24 now), so people who don't put in shit get to slouch around until they are 18 (or 26) and then society suddenly starts expecting them to make their own way and it takes a lot of them by surprise.
The ones who just studied what they needed and moved on aren't typically caught as off guard.
