Archived threads in /biz/ - Business & Finance - 380. page
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Ask an 8 year CPA with is own practice Anything.
I primarily offer advisory and tax consulting services, though have been doing forensic valuations for divorce cases (big money here from physicians who own their own practices).
What was the most fucked up financials have you seen?
>>1216511
>Fucked up in what sense?
A lot of businesses run with Negative Equity, meaning the bank owns more of them then they own (i.e. they are living on borrowed money).
Or do you mean financials where the client prepared their own books, and the financials were just completely fucked up incorrect?
>>1216466
>forensic valuations
Tell me more sempai. Do you think it's worth owning your own practice? With all the operating costs, insurance fees, liability
What music do rich people listen to?
Most pop music is rebellious friday night prole stuff. How does having money change ones musical tastes?
Bourdieu thought the bourgeois preferred restrained, calm music, but I don't know how this translates into the age of instant digital music.
Gangsta rap about making money.
Old school rap > pop
>>1216336
Whatever is on the radio while they are driving to clients.
I literally only listen to classical and occasionally Paul simon type musi
>oh yeah day trading is where the money is at
>learn technical analysis and price action and you'll easily earn 10k starting from just 1k
>oh and don't forget those stop losses, they help you reduce your losses!
>-$3458 loss
The day trading meme died with HFT.
>Loses $3458 from $1k
How?
>>1216000
Probably YOLO futures.
![gold_bullion[1].jpg](https://i.imgur.com/a56SIg9.jpg "gold_bullion[1].jpg")
I'm considering buying some silver bullion coins to resell later on next year since it looks like silver is going up slowly.
I know it will not increase as fast a stocks if it does, but is it a good idea?
its just a meme
>>1215945
i already bought some at $15
they already made the bonus before they arrived.
>>1215949
so here is my thinking:
1) silver mining is not profitable under $24
2) mines are not operating or outright closing
3) silver shortage on the markets
4) silver has to go up to $28 for a while for mines to reopen
5) probably will overshoot at one point i' guessing above $35 but this is unsure
6) industry needs silver and there is less of it for trade than gold (usually 12 times the amount of gold)
7) it is under-priced compared to gold like crazy
so yeah i think it's a good idea to buy some.
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>>1215654
I think traders have been overly pessimistic in selling off AAPL, and that if earnings are in line with expectations, the stock will go up, and if it reports even slightly better than expected the stock will go up a fair bit.
>>1215662
last year when apple reported Q3 earnings which was estimated 1.811 and was actually 1.85 some insiders sold off a bunch of shares which dropped the stock. Im not saying its going down to like $90 but a big sell off would be a drop of about $3 maybe $4. Im buying a spread so ill be able to profit whether it jumps or drops. Their iphone sales have gotten weaker which is why they introduced the iPhone SE. I think the iphone sales have dropped because almost everyone who wants an iphone already has one and most dont update...
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>>1215662
on an unrelated note i think it is stupid of them to enter the auto industry. Theyre doing so well in their market why try to put your hand in everything? Its going to cost them a fortune which they have but still i dont think its worth it with all the things that come along with being a car company
![slide-01[1].jpg](https://i.imgur.com/ax701Lb.jpg "slide-01[1].jpg")
Why do rich people like Golf? What other hobbies do rich people do?
Idk but im thinking about learning, so i can network if i ever need to. Tennis, country clubs, charities, derby?
Not rich but I enjoy the challenge and the excuse to spend a day away from my wife
>>1215610
Have you ever tried playing table tennis, or any other calm sport where you can just talk with whoever you're playing with?
That's basically what golf is all about, talking with people. It also required you to focus and have a clear mind (or at least try to) which can be relaxing to most people.
When should you invest in real estate?
Often you hear the term positive cash flow, which is good. It means you can pay for all the expenses of the building and still have money left over. Does this make a good investment?
No, matter of fact you should not even use this money. Any positive cash flow should be accumulated for maintenance or other expenses.
There is only one thing you should be doing with real estate...
Paying off the mortgage!
That is the most critical of any investment in real estate. Positive cash flow is good, but the investment is really in paying the place off with your incoming rent/lease money.
>>1215387
I'd disagree with this. Yes, debt free is the eventual end, but the cash flow should be used to acquire more properties and more debt first.
Now we need to do a little math.
How much can you invest every month?
This question and how much of a mortgage can you afford is very similar.
If I can put a $1000/month into the stock market, then for real estate to be worth it I really would want the same amount from my real estate investments. So I would want a $1000/month mortgage. Note: for simplicity state we are going to ignore interest and how much goes to principal for the moment.
$1000*12months*15yrs=$180,000
$180,000/0.8=$225,000
So in this case we are buying a $225,000 property with a...
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So, Steam games can be purchased through bitcoin now
Will it affect cryptocurrency? Adhesion will follow?
Place your bets
>>1215230
Kek
https://www.youtube.com/watch?v=Nvz4o10fGFI
>tfw kids will be making ad revenue off youtube/instagram getting paid in BTC and buying steam games before even being able to open a bank account
>tfw by the time they are 18 they will find laughable and archaic the need to open a bank account
This is insane
>19 years old, already have $120,000 from stocks, mostly penny.
Just buy cheap while it's rising.
Good example:
TLOG Stock (pharmaceuticals are skyrocketing right now)
Also cheap environmental/green stock is good this year. Water is a good choice too right now before summer.
>invest in TLOG
>post thread on /biz/ about TLOG to meme it up
?????
>Profit
>>1215042
Poor fag detected
>>1215045
no actually I invested in TLOG too so I approve of this thread it's just more obvious what you're doing than you think.
What would you invest in if you received a small inheritance of $1 million?
No crypto currency shit please.
>>1214975
Real estate
I dont really want millionaire lifestyle, having constant income without having to work is what I am trying to achieve
>No crypto currency shit please.
Do you want to be poor?
>Put it all in one stock that has dividends then sell covered calls every month for extra cash flow.
Is college worth it?
>>1214500
Are we between 1980-2000?
>>1214500
if you study something useful, study hard, attend class, do internships and network, yes, absolutely
if you study humanities, don't leave your room, and scrape by on grades, no.
You just need to have a solid plan of what to do after you get out. Don't go just to kill a few years or to find yourself.
>when the phone interviewer obviously has no interest in you and feels like they're just wasting their time by talking with you
>>1214139
Well, at least they stayed on the line. My interviewer actually hung up on me mid-interview.
>>1214144
kek
What happened?
>>1214139
They have to make it look like they are doing their job, when in fact they already have someone lined up.
Not invited: Keynesian economists
I'll start the thread off. Place your bets folks, when will the federal reserve collapse under its own weight?
within 2 years
>>1213870
You should take econ past 102 before speaking about macro economics as if you understand it wholly.
>>1213879
>needing to take a jewish propaganda class to understand that the federal reserve is a violent monopoly on the money supply and works to the detriment of the average citizen
What's good methods of keeping motivation up and a urge to keep on studying?
ALSO: WHAT DO YOU DO TO KEEP ON KEEPIN ON
>Had a 1 week break from study
>Need to get back to it but being lazy
do you feel like it's just not the time to study?
chop wood, carry water
woah...
>tfw fell for the Ethereum was a good investment meme
iktfb.
I'm literally rich now. I love this board
Y-you did buy when they were <$1 each... Didn't you anon? R-right?
>>1213259
Damn. Sorry to hear about that, bro. I bought bitcoin at $800 so I cant really judge.
Dont say you werent warned nigga
