Archived threads in /biz/ - Business & Finance - 381. page
Images are sometimes not shown due to bandwidth/network limitations. Refreshing the page usually helps.
I'm a student in London. Since I live in London, I get a generous stipend of a little over 1 grand a month.
I want to dine at the Ritz once a fortnight. Apparently prices for Afternoon Tea start at £52 per person, which sounds okay.
I save £300 a month at the moment, so losing ~£100 of that doesn't seem like a huge deal.
The main problem is that there is an initial big cost of buying the required clothes to be allowed entrance - that would be roughly £450 if I'm cheap.
So the cost for this desire of mine would be:
>£750 the first month
>£100-150 for every following month
Do you think this is acceptable, or am I irresponsibly dooming my future?
>>1212731
fuck off
>>1212731
For what purpose
>>1212744
the ritz is the worlds best hotel
who wouldnt want to eat there?
Discuss
>>1212632
it is and no one is questioning that, there is no debate to be had
a better question is: How do we profit when it collapses?
or do you believe those incompetent eurocrats along with 28 eu retards will figure out how to fix something which profits some countries at the expense of the rest without a civil war vis-a-vis united states in the 19th century?
>>1212758
i'm betting the usd will collapse faster
There's nothing to discuss anymore, we've seen the experiment fail terribly and I'm just glad that the UK held onto its own currency and didn't fall for the cuckery all the way.
With my 54k a year job, if I account for all my fixed expenses (rent, student loans, bills, etc - but not food or any personal expenses, entertainment, etc) I find that I will be able to save a little over a thousand a month.
I was sort of expecting to have more than $12,000 net a year if I starve myself. I was kind of hoping to go real lean for a couple years to have a down payment on a house, but this basically triples the length of time it will take to do that.
What am I doing wrong here? Besides being a wage slave, obviously.
Live off your parents and don't go out and you'll get there :)
>>1212574
I don't have that option. What else can I do?
>>1212559
how do people manage to make 54K a year and not know how to budget?
Are you fucking kidding me?
Spend less then you make. There I solved your problem. Fucking tard.
Does it bother or disturb anyone else to realize that a single idea for a good online, possible business can make you enough money to move out and live wherever you'd like and not have to go to university or work for someone else, essentially being free? I KNOW that this is the wish of most of who browse this board.
I've been thinking about this in a business sense for a year. I can't think of a single fucking thing.
I day traded crypto and made money, but it's not sustainable and I was just lucky.
I tried to start a company with like...
Comment too long. Click here to view the full text.
>>1212530
Ok, I just spent 10 seconds of my life to reading a whining shitpost by a teenager, just because of a redhead girl with tits.
fuck this, and fuck you kid for leading me on with tits and longtexts.
>>1212534
>kid
>teenager
>thread is titled Young Anons Only
>came in and bitched anyway
Good job.
>>1212530
>it just didn't work out because we had no payroll and people were fighting for the management positions and having dick measuring contests about who is useful and who isn't, and who deserves management positions, shares in our then not-even-fucking-existent company.
Here's a few tips on the above:
1. The person who provides the capital gets a substantial stake in calling the shots. Putting up money is surest, most obvious way of proving one's usefulness.
2....
Comment too long. Click here to view the full text.
How does one of the world's most expensive stock (Berkshire Hathaway) have so little transparency amongst management and have someone like pic related literally spout out generic investing memes like "buy low and sell high"?
I'll give you a hint.
It starts with a P.
>>1212414
>>1212417
http://finance.yahoo.com/news/buffett-disclosure-low-wall-street-analysts-what-it-s-like-to-cover-berkshire-hathaway-121251485.html
>>1212414
>it's a Ponzi scheme right guys?
Nah, brah, more like insider trading, which companies voluntarily engage in because if Buffet invests in them everyone else will too.
> Be 22
> $5000 in savings
> $17,000 a year
> American
Should I start a Roth IRA?
If so, what bank?
Can anyone calculate what $5000 initially with $4000 a year would be?
I like how I can take money out tax free if I fall on hard times, and a 401k is kinda pointless because the government doesn't take much from me.
Thoughts?
> Bump
Should I go for something else?
>>1211803
You don't need to bump a thread after 10 minutes. This board isn't super fast.
A Roth IRA is basically just a tax shelter for lower/middle class people.
Say, if you invested the 5k into something and made 100 dollars, normally you would have to pay taxes on that 100 dollars. With a Roth IRA, you don't have to.
If that's the kind of thing you're interested in, then sure.
>>1211829
Someone was trying to explain it to me, they said I can put my money in a Roth IRA, $5,500 a year, and a mutual fumd that invests in stocks will use it, getting me am average of 7% return per year. I can withdrawl from it at any time without fees, but I can't touch the money I made with it or I get a huge fee.
Am I wrong on any counts? Could I end up losing everything?
What completely legal /biz/iness did you hesitate/didn't start because of ethical concerns?
I live in a run down third world Asian country and I know that if I start a US style walk-in small loan business it would make millions. The way that they operate is by landing money at 2% daily compounded interest. It accumulates almost exponentially and eventually the person becomes a debt slave(unless they pay on time). I cant start it because I am certain that many people will commit suicide over that and its almost scam-tier.
Another thing that doesn't exist...
Comment too long. Click here to view the full text.
>2% compounding daily
Lol who the fuck would fall for that?
>>1211436
Broke third world asians in need of funds
>>1211436
Well, people actually first see the 2% figure and think that its a fair deal. Literally millions of people fell for that. To not be able find a friend who can land you 100 usd already puts you into sburgers category. here is a great expose by current year man himself John Oliver: https://www.youtube.com/watch?v=PDylgzybWAw
They are called payday loans and they have more points where you can get one in the US then the US has mcdonals and starbucks combined.
I'm going to preface this thread by saying I know nothing about investing and have limited knowledge when it comes to eSports.
Recently I've been getting into eSports, mostly League of Legends. I've seen enough to know that it's an addicting game, it's been around and growing for half a decade, and it has a dedicated fanbase. More importantly there seems to be a growing infrastructure not only around League, but around esports in general like CS:GO and Hearthstone. Streamers on Twitch get tens of thousands of views every night and shill different...
Comment too long. Click here to view the full text.
For those interested in a potential esports success story, this kid started an esports franchise, got venture capitalists and angel investors involved, dropped out of Northwestern and is now CEO of one of the biggest success stories in League history. His team killed it this year.
http://dailynorthwestern.com/2015/10/14/ae/student-drops-out-to-become-ceo-of-esports-franchise/
A dying fad imo but that's just like, my opinion man. I used to be real big into esports but now don't even give a fuck, same with my friends.
Sure certain marquee events like Evo and The International will continue to grow to crazy levels, but I don't think there's much of a market for new players in the scene.
>mostly league of legends
Kek
Anyway
1. Absolutely fucking not
2. Suck somebodies dick outside for some money.
Hey, so I am wanting to start up my own business.
Does anyone know a thing I can create and sell cheaply?
I don't wanna do that random internet stock trading, or selling someone else's work, I want passion in my work too.
I don't have alot of money, so I'd need something cheap, and space wise too.
I live in a small apartment, so I can't have a full on warehouse.
drugs
>>1210956
Yeah this.
Both legal and illegal drugs are pretty good investments if you can get the right one.
>>1210956
I am obviously not going to be a drug mule.
and even then, I am selling someone else's product.
>be me
>get interview at some tech firm
>HR asks me why I don't have an "online presence"
>accidently give a red pilled answer
>say its because I don't want to be distracted every few minutes by checking how many likes I get on my status
>get an automated email next day saying they rejected me
They thought you lied because everyone has a twitter or Facebook now.
try r9k
just make them but put very little info on them. do you even hide your power level ?
Daily reminder
>Bitcoin was a cleverly designed Ponzi-esque scheme (as soon as people quit buying into the scheme, it's over)
>Every newer coin has been a far more blatant Ponzi-esque scheme
>Eventually new coins will be such blatant pumps to anyone paying attention they won't be able to get off the ground
>nothing will EVER reach the hype of the Bitcoin scheme, not ETH, not Trump, not nothing
>Coin schemes have...
Comment too long. Click here to view the full text.
you're retarded
http://m.nasdaq.com/article/why-the-bitcoin-blockchain-is-the-biggest-thing-since-the-internet-cm608228
>>1210778
Oh man, he's got a blog post, and he's not afraid to use it!
>you can buy illegal stuff online now maaaaaaan, revolution
I'm sold, buting eth now
>>1210778
>hey guys, instead of using our credit cards like normal people, lets use bitcoin!
>why?
>it's anonymous!
>so?
>youre right, bitcoin is useless
explain why normies won't think this
Anyone day trade? Every time it gets brought up, someone comes along and says not to do it, but I've been trading for 3 weeks now and I find it pretty fun. Watching your stock tick up while you're at work makes work much more tolerable.
I figure I'll keep at it for another month or so, and if I'm regularly in the positive, I'll look into a margin account. And if that goes well, I'll look into borrowing some more money to trade with. I want to make sure the gains I've made so far weren't just a fluke.
>>1210278
i do it and i don't recommend it. i have a couple of systems that work well enough. but then i get to the point where it's just gambling and i get messed up
good thing i still have a day job
You got a look at it like a job and create rules for yourself.
For instance, you should define how much money you want to make a year.
For instance if you want to make 50k a year in gains, then you should try and realize a return of ~$200 dollars per trading session. This means taking 5-10% on your trades.
You also have to use stop losses and scratch trades that don't go anywhere quick, so you can allocate your capital elsewhere.
I've been doing this so far while at work (I have a ThomsonOne terminal) and I've been pretty successful...
Comment too long. Click here to view the full text.
>>1210603
What's your method?
Inspired by /fit/
Can we get a poor people hate thread?
>>1209823
does bernie to realize raising the minimum wage will just result in mass unemployment? i mean it's elementary economics surely he's not that retarded
>>1209824
Bernie
Economics. Pick one
lol these people are so dumb XDDD
Let's talk passive income /biz/
I currently have a few easy online methods, I'll break them down for you
Computer: eBesucher-roughly 5 cents a day, I run a surfbar tab that automatically looks through sites. Do it in a browser you don't normally use, minimise it, and forget!
Inbox Dollars-this site does not have a great rep, but if you set them as your default search engine you can make roughly 10 cents a week in addition to your 2 cents per email
Phone: Mobile Performance Meter-10 cents a day in some cities, 20 cents in others. You also get a monthly...
Comment too long. Click here to view the full text.
>>1209611
>$4.30 per week
Holy shit I make that in 3 minutes at my job.
>>1209629
Haha I know it's not much, I hold down a job as well. What I like about it is that I could basically sleep for a week and it'd still come in, so maybe if I can reinvest it and get a larger flow coming I could make some serious money
What about using phone for bitcoin apps?
Premine successfully dump.
>>1209062
holy fuck this nigger is so rich if he dumped. he is a genius.
>>1209062
"Me. I've sold about a quarter of my ETH. Meh, I am not going to apologize for sound financial planning."
I wonder what color his lambo will be XD
>>1209062
Who
