Archived threads in /biz/ - Business & Finance - 48. page
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Can you coiners help me find a source for all i need to know about how to buy and sell crypto's, what to look for in a crypto etc? thanks!
Buy ethereum
Oh look, the idiots are back.
>>1370804
enlighten me. everyone here is so quick to call each other names but no one wants to make posts of substance and real arguments its pissing me off
Anyone here trading options? How is it going?
also anyone has any opinion on Nassim Taleb and his books regarding randomness and antifragility ?
pic somehow option related
bump :(
>>1370736
I want to do it but it sounds scary lol
Yes I like them both but his strategy only works if you have 1bn+ and are fine going 1-2 years just losing money every day.
Good or bad idea?
do STEM, business or finance
>>1370644
Depends. Sometimes I wonder if masses of students will commit suicide in protest over their loans which the government can't pay back.
Then your fucked.
What a qt.
What are the best /biz/ books on stock trading, day trading, swing trading and such?
>>1370638
pls repond.
>>1370665
what was the question again?
>>1370638
http://lmgtfy.com/?q=What+are+the+best+%2Fbiz%2F+books+on+stock+trading%2C+day+trading%2C+swing+trading
>>Economics Degree
>>Masters in Finance
or
>>Graduate with an Economics and a Finance Degree
>>1370626
Give us some information on your work history/current job if you have one.
Are you able to get a job relatively easy?
Then tell us your goals and we will tell you our uninformed opinion about what is best for your life that we have no idea about
>>1370633
>>About to start college
>>Have contacts in the finance industry that can help me get internships with relative ease
>>Not much job experience
I just wanted to know which one would look better on a future resume
>>1370648
i'd say do finance but keep in mind that there's a at least 50% chance you will end up not wanting to do finance ever again after your first job experience there.
What is quickest way to make money for a NEET?
Buy kneepads and sell them to other NEETs that need to suck dick to make money
>>1370620
Welfare
Insurance Fraud
Those are about it.
>you must have 5 years experience for (job description an undergrad can do)
They can't keep getting away with this.
Yesterday it was the police, tomorrow it will be the gatekeepers to entry level jobs.
>>1370621
topkek
>>1370615
bear in mind a years experience can be anything
I went for a job with two years required customer service / marketing department.
My experience was one year on the board of a student association and a two years of maybe working once or twice a month at university events.
They just want someone who has done something with their time.
Why the fuck are minimum wage jobs so hard to get?
>Will be college freshmen next year
>Thought I'd save up some money
>Started applying to jobs in mid may
>Have applied to 40, majority in person
>Got good references, previous job experience, am clean cut
- I worked at a restaurant for 2 days before they decided they weren't hiring
- Did a shift at another restaurant and they said I 'did...
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>>1370563
>- I worked at a restaurant for 2 days before they decided they weren't hiring
You were let go
>- Did a shift at another restaurant and they said I 'did great' but they never got back to me
You did not make the cut
>- Just worked at a burger place for 2 weeks, area manager let me go because 'they've been slow', although said it had nothing to do with my work.
You were let go
tl:dr...
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>>1370572
>you generally have a bad aroma/personality after people get to know you.
at least with this most recent place it def wasn't that, the person that made the decision was a higher up manager who I'd never seen or talked to before
>>1370582
people talk
>Buy the worst small apartment complex in town
>Slap a fresh coat of paint on it and clean up one of the units so it looks OK in a few photos
>Get investors via crowdfunding
>Get them to massively overpay
>Charge exorbitant property management fees
>Sell the property once you've bled the funds dry
The only problem is that if it works you can't do it again
>>1370560
>Sell the property
The company is used to work for just kept the properties as part of their portfolio. Walked in and bought a failing property, sent our team(in house renovation crew, got paid a fraction of the cost of a real crew and were criminally unqualified) in to slap a new coat of paint on it, then added it to their list of "luxury apartments",
>>1370622
Last thing I want to do is run a dump of a rental property.
>>1370719
Sure, I understand that. Don't even know why I chimed in really, the shitheads I was working for were on a completely different scale.
goldman sachs is a fucking fagfarm full of inferior little pat bateman wannabes who suck at math...
that is all
>>1370531
i thought they died
proof?
>>1370531
I don't see how you hate from outside the club, you can't even get in.
Anyone else had it with these fucks? Now they're asking for proof of ID so I have to show them my fucking passport to be able to buy some BTC? This is getting ridiculous.
Are there any alternatives to buying BTC with fiat?
Back to Mexico Paco
>>1370488
best site for buying btc, instant delivery upon transaction completion
you're just a moron
I can't even login, gets stuck in an endless loop
Hey there, /biz/.
Last night, I went ahead and decided to do some calculations. I looked at the odds provided by Sportsbetting on the upcoming MLB games (those played today, the 8th), and then looked at FiveThirtyEight's predictions for those games.
Using those predictions and odds, I calculated the Kelly criterion for all of them and found five games which gave a criterion to bet on the favoured team:
>Blue Jays/Tigers (63% chance of Jays win, 50/81 odds, bet 3.06% of money on Jays)
>Red Sox/Rays (54% chance of Sox win, 25/27 odds, bet 4.32% of money on Sox)
>Indians/Yankees (65% chance of Indians win, 100/177 odds, bet 3.05% of money on Indians)
>Rockies/Phillies (58% chance of Rockies win, 4/5 odds, bet 5.5% of money on Rockies)
>Giants/Diamondbacks (61% chance of Giants win, 25/38 odds, bet 1.72% of money on Giants)
I then started calculating the odds of various outcomes and determined that the probability of a profitable outcome (there were 13 possible outcomes which were profitable, out of 32 total possible outcomes) was 55.1%.
As of writing this (1am EST, July 9), three of the five games turned out as predicted (Jays, Sox, and Indians won), one turned out otherwise (Rockies lost), and the final one is turning out favourably (Giants lead 5-2 at the bottom of the 7th). At this point, it doesn't matter what happens, as the Rockies and Giants losing is one of the possible profitable outcomes, albeit a small profit. (Theoretically using a pool of $100, betting the above percentages would have resulted in $17.65 being bet, and Rockies and Giants losses would result in a 2.15% profit. If the Giants win, however, then the profit is 18.3%.)
As you can see, this kind of mathematical betting turned out to work well. Tonight, I will be doing something similar, for tomorrow's games.
I'll be waiting until the Giants game is over to finish up calculations, but so far I found 3 games. Even though the Dodgers game is ongoing, for them to meet the Kelly criterion, their chance of winning, as per FiveThirtyEight, would have to be at least 69%, and I don't see that happening.
>>1370489
With the Giants win, those bets would have made an 18.3% profit.
For tomorrow, the following seem like mathematically good bets:
>1.53% of money on Orioles (57% chance of win, 100/129 odds)
>4.54% of money on Red Sox (63% chance of win, 50/79 odds)
>3.48% of money on Indians (62% chance of win, 50/77 odds)
>3.28% of money on Giants (61% chance of win, 25/37 odds)
Out of 16 possible outcomes, 7 are profitable. They add up to a 61.64% chance of profitability.
(The outcomes which are profitable and are not all teams winning or all teams but one winning are the Red Sox and the Indians winning while the others lose along with the Red Sox and the Giants winning while the others lose.)
The expected outcome is a 2.34% profit. However, understand that this is merely an average of all of the statistical outcomes based on their probabilities, assuming FiveThirtyEight's probabilities are accurate.
The two most probable outcomes are all teams winning (13.58% chance, 66.4% profit) and all teams but the Orioles winning (10.25% chance, 45.4% profit).
Bet responsibly and with your own discretion, /biz/.
538's ranking system is not accurate enough to beat vegas, nor is it intended to be. The results you got were just random chance, you don't actually have any edge betting this way.
What is a better major, Marketing or management? Are any of these majors good at all? Or am I gonna waste my time and money?
>>1370450
>Or am I gonna waste my time and money?
This. College is a scam. Do not go unless you want to be a wage slave the rest of your life.
>>1370450
Both are ultra-trashy. Want to learn marketing? Start by being affiliate. Want to learn management? Work your way up from shelf-stocker in a supermarket. These techniques allow you to earn while you learn, instead of wasting your time and costing you 5-6 figures.
>>1370463
That's why I'm considering management so i can focus on enterpurnership and start my own business eventually. I think the classes will be helpful with that
Follow this logic chain.
Money is loaned into existence/created when the fed loans money to the govt and it's subsidiary banks from the "fed window"
if a quadrillion is loaned into the system, but 1.1 quadrillion is expected back where does the .1 quadrillion come from?
Must more money be loaned into the system every year for the system to even be solvent?
Explain this to me /biz/
Nice job, you just passed high school economics
>>1370449
so the gov't will technically never be "out of debt". The debt will continue to grow... it's now 18 trillion but in 50 years it will be 180 trillion?
Where does it end? never? just borrow forever? This is what I genuinely don't understand
yep it's all a racket. IRL Hydra wins.
Why would anyone invest in regular index funds when they could invest in leveraged etfs that cover inexes?
i mean historically index funds have by far the best returns with little to no risk so why not multiply your earning by 2 or 3?
sure theres a little extra risk but it seems well worth it to me.
>>1370436
Post some so we can see how well they have performed the last 5 years. Also I could be mistaken but I don't think EFTs X2 or X3 are meant to be held for long...
>>1370469
https://www.google.ie/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#safe=strict&q=SPXL
>>1370475
Seems reasonably good but a 10-20% drop in the market would probably eat up all those gains in few months. Would allocate 15% of my portfolio to it but only after a significant market drop.
