Archived threads in /biz/ - Business & Finance - 540. page
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So about a year and a half ago I bought about 70$ worth of stock related to marijuana, thinking that with the legalization in CO, at least some of them might increase in value. Now they've depreciated to less than 10 dollars! What the hell happened to marijuana stock. I've checked on quite a few other companies related to the plant, and they've all plunged.
I ask you guys why? What is going on here, and do you think i'll ever see them increase in value again?
>>1100148
did you think the value of marijuana would really go up after legalization???
its just a plant. Over the next 5 years I would expect the spot price of a pound of marijuana to go down dramatically. you may one day recoup your losses if the marijuana industry becomes big enough, which is totally possible given that it was a 1bn dollar industry in colorado, but who knows how long that would take.
Everyone else thought they'd appreciate with legalization too.
The only thing that got high were the owners and govt income.
DUDE
How much education does a self-owned company actually need?
I mean, obviously you need to have your knowledge in economics, but what else?
I'm thinking about starting my own Snus Company as I live in Sweden where it's very, very popular and loved. Have allways dreamt making my own Snus and selling it. I think that the key to selling Snus is all about a catchy Snus-Title and a good taste, but mostly the Snus-Title.. I'm thinking of something like "Torped" (Torpedo in Swedish).
Any advice on how to get started? What's the minimum...
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>>1099805
>Torped
Haha fyfan Martin. Du kommer bli så jävla rik xdd
>>1099809
Några förslag på bra namn?
Have not decided yet, will eventually settle for a good title if I ever get it started.
>>1099821
"Fhürer, mäktigare än General."
Köp knäskydd och läppbalsam Martin.
Is RIGHT NOW the ideal buying opportunity? Has the global stock market correction been completed?
Please respond
>>1098844
bull trap
>>1098844
The market jumped on the news of the Russians and Saudis meeting for an oil discussion.
>>1098847
What do you think gold's doing? It seems pretty inflated right now too. Sell for a modest profit or hold for sick gainz?
Someone explain to me how we are not headed towards a major, MAJOR depression with an impending currency crisis.
I am under the impression, per our graph here, that we have increased the monetary base by 400% due to QE.
What has kept the markets from responding to such a massive devaluation?
Looking for honest discussion.
Although it's wrong, you should then logically expect values to appreciate by 400%, the devaluation is only reflected in term of other currency but that being said QE is happening in eu and china so idk
>>1098440
There will be another recession in 3-8 years that will just be another good opportunity for young/inexperienced people to shift to a higher class. It happens every decade, and the reason it will never be "MAJOR!!!" is that there are plenty of people to exploit, both at home and around the world, to keep everything moving forward. On the other hand people think that a power outage for a few days or unusually bad traffic are tragedies, so you'll still be able to entertain yourself with "MAJOR"...
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>>1098459
3-8 years...
You're crazy. The recession is already here. It will be a long recession given the nature of the recession. We might be out of it by 2020 if govt. doesn't fuck shit up worse.
This one is going to be many multiples worse than the Fin. Crisis for people who are unprepared.
So /biz/
What should an economics/math student be doing while still in college in order to not get fucked over upon graduation? I've started looking into internships, but don't have plans for student organizations or anything like that. What kinds of experiences are employers looking for?
>>1098060
Internship above all
Do NOT let yourself graduate without one.
>>1098060
Start working asshole. There are a million others just like you. Get yourself an edge. Get yourself an internship.
>>1098065
This, experience is way more valuable than a degree these days. Internships are more important than actually going to class these days. Listen to this anon.
Is it really hard to make 30% profit 25 times?
Starting with 1000$ if you make a profit of 30% 25 times you will have 700,000. From than on you can scale down and aim for 0.05% per year. Making about 35000. Even if you lose the 1000$ you can start again from scratch. I really think this is the only way to actually make something out of trading. Whether it's stocks, futures or forex. Any other way takes too much time and it's practically useless with 1000. Other than learning.
0/10
>>1097918
>Is it really hard to make 30% profit 25 times?
yes
>>1097918
No, it's very easy.
Why, do you think, are the people on /biz/ so rich?
Literally everyone here has at least 2-3 millions.
All they kept doing was what you said in your post.
This thread was created to prevent anons from spamming new threads, for technology questions they have.
If you are that person, post your simple/small/stupid questions here
Don't bump. This is a slow board, and will continue to be. Wait for an answer or google it.
If you see other anons posting questions outside this thread, ignore or redirect them here
Use >>>/biz/sqt as a link to find the sqt thread
Naturally, I'll go first. Out of Mint, nYNAB and mvelopes, which is the best to...
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So I current have a Credit Card with $1121 being used and my credit limit is $1100 so I am over. I have an installment loan in which I owe $2770 to which I pay $200 a month but would like to pay it off sooner. I have a 401(k) Retirement Account with about $5000 in it so far (I am 22). I am able to take out a $1500 loan from my 401(k). I am thinking of doing this and paying off the Credit Debt and possibly pay off Installment Loan sooner but I wanted the advise of the general public before I go on with this.
Is that bra too small for those tits?
>>1095225
You are withholding too much every check for your 401k.
Change the withholding % and borrow the 1500 to pay it back then pay the 1500 back next month
Hey /biz/, I have an opportunity where I could be making about 50,000$ a month, any anons know of any chemical chemical companies in your country? Doesn't matter where. Thanks.
P.s. I'm not intrested in ethereum desu
>>1100170
Tell us more
http://www.forbes.com/global2000/list/#industry:Diversified%20Chemicals
>>1100173
Company A needs a list of chemicals at a set price, I need companies who I can contact and nagotiate a price lower than that of company A's asking price, so I make a profit. Tell me if you want the chemical list, if it will help.
Hi all, first time posting. As someone who grew up in a tax haven next door to a largely socialist state, I'm curious as to what your thoughts are on this.
How right or left do you lean economically speaking?
How do you think your ideal would affect your individual quality of life and that of your countrymen?
How does it affect the development of your country?
I know this goes hand in hand with libertarian/authoritarian leanings but I'd ask that you focus on the economic results of this rather than the social.
Here's a cute photo of a cat a dog and a bird together.
>>1100181
That's lovely mate but it doesn't really answer my question(s)
>>1100167
Ideally you want minimal regulation for maximum efficiency. But that makes your country a shithole (CHINA THE LAND OF SMOG). So instead you can maximize your citizens comfort but slow development because you banned construction from 5pm to 10 am because it hurts people ears.
Best case is to keep regulations high and just export your dirty operations to other countries or states. (USA OR CALIFORNIA ).
OR EVEN BETTER keep you own country clean and sell completely unregulated garbage to others.
What where these guys told?
Bonus points for recent.
>And then they said "TO THE MOON"
"A 2-party system... 1990 and these people still think they have any control over what happens!"
>and then we said super PACs provide crucial funding for candiates to get their message out but have no influence Congress
Why didnt you buy the dip on bombardier when you had the chance? I have good reason to believe the canadian federal government will cut them a big cheque soon.
In short
>cheap as fuck
>canadian and quebec governments will never let it go out of business
>>1098556
i would rather invest in mexico than canada desu senpai
>>1098556
>I have good reason to believe the canadian federal government will cut them a big cheque soon.
Ok, why do you believe this?
>>1098611
Nvm, I know now
http://www.fool.ca/2016/02/16/is-bombardier-inc-a-buy-on-governance-change-rumours/
Interesting OP.
What are the pros and cons of paying employees with a % of the profits instead of a fixed income?
>>1097841
The cons is that you can't be a massive jew and just keep the profits to yourself.
There are no pros.
This can very cheap if it's a new company and you cannot afford a full salary such a position would command.
It's also a good incentive for employees to put a lot of hard work in.
Cons are that it is expensive once it matures.
>>1097846
Of course there are pros. They will work harder because they'll know why they are working for. Not to mention they'll be happier and respect you more...
This already made me 30K last time it went up. Currently ready to explode with minimal risk. Pic related ticker is TBEV.
You poor Autists are welcome.
shameless chick bump for profits
100$-100K confirmed
>>1099617
>with minimal risk
Do index funds distort the market?
Or WILL they distort the market with increased popularity?
>>1099511
No and no. While index funds do not require any active management by the investors, indices on a whole are still actively managed ie apple and the DOW most recently.
>>1099511
What kind of index funds are those?
>>1099511
People keep making this silly argument against index funds. It doesn't make sense. Index Funds don't distort anymore or any less than regular funds do.
I'm tired of seeing people posting that "mortgages are just the bank fucking you" and "owning property is letting the jews win" and all this shit.
Here's how to own a house and make more money with the bank's money than the bank is making.
Find a decent vacant lot for ~$50k. There are lots around if you look online in your area, it doesn't have to be huge but the more you can get over a half acre, the better.
Now the bank will fund you to build a house on that lot, it's called a builder's mortgage. They give you...
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Complete the house, and rent the basement out to either a couple or two separate people.
Price the rooms comparatively to what a dorm room costs at your nearest college/university if you're near one, and if you're not, make sure it's priced comparatively to other rented properties in your area. If shitty ass two bedroom apartments that are small in an apartment complex are being rented for $1000/mth, you can get more than that easily. You are offering a brand new, clean, never been lived in, LARGE two bedroom apartment.
Now, use their rent to pay your mortage off. Where I am, shitty fuckin dorm rooms are rented for around $600/mth. That makes renting the basement to two students EASY for $1200/mth, because it's the same price as a dorm but a hell of a lot nicer. We're close to a university, so that allows us to be a bit more choosy with who we want living there as well.
With the mortgage being $1150/mth and rent coming in at $1200/mth, any amount of money you are able to save is able to be chopped right off of your mortgage. My fiance and I budgeted ourselves around $1100/mth, so I know we are comfortable with giving that up. So we put that on top of the rent, and the mortgage gets paid of way faster.
By renting the basement out and also holding ourselves responsible for "paying" the mortgage ourselves as well, we are able to pay off a shitpile of the mortgage over the course of two years. The interest in the first year was around $6500, and we're aiming to pay off close to $28k. The second year we'll pay off a similar amount, but the interest will be less.
In two years time, we'll be able to sell a house that we initially paid $230k for, and have the mortgage paid down to ~$190k, for $300k.
That's $110k in our pockets, but we paid ~$55k into the mortgage on that. Now, we could have done that right off the hop (sold it), but the house value is still pretty much "brand new" after two years. Also, if you don't live in the house for at least a year (I think) you get taxed on all that. So you might as well live in the new house you just designed and built for a couple years.
So basically you start...
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Here's the numbers because I know people will try to say that it's bullshit. You need to make enough money in order to support an $1,100 mortgage payment, that's it. If you can make the mortgage payment, the bank is happy to give you the money and rape you on interest over many years.
Those of you paying rent probably pay close to that already.
My bank is CIBC so I used their mortgage calculator for reference.2.79% on a two year fixed rate
https://www.cibc.com/ca/mortgages/calculator/mortgage-payment.htm
>First year
$230,000...
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