Hey /biz/, was wondering if you can give me some advice.
I signed a contract with my university. I thought I was going to get more money through channels, but turned out a bit short. By the end of this semester, I'll be at a five grand deficit for my college expenses, which is basically my housing bill. I applied there with financial hardship as through their contract: (http://www.housing.wisc.edu/documents/residence-halls-contract-15-16.pdf). However, they have denied me even though I have legitimately expressed being unable to pay for it (I have a job, can't...
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>>1052020
Free bump because fuck colleges, especially residence halls
>>1052088
Thanks friend, and thank you for leaving your dubs checked on your way out.
Guys I work for General Motors as a data analyst. How fucked am I in the coming recession?
>>1051768
Strong probability you'll lose your job along with a fuck ton if other people.
>>1051768
It's not a fucking recession.
You all are dumb as fck.
>>1051768
Just remember how well that 0% effective tax rate worked out for you, the employee -when they fire your ass to maintain stakeholder confidence :^).
Do you feel 'lifted' yet?
I want to do freelance It work. Basically fixing computers and stuff. I have no testimonials or any certifications but I'll have an associates in IT in a few months. I was thinking I could get some high quality business cards and a website and I'd be all set, but I'm not sure. Any thoughts?
>fixing computers and stuff
pajeet my son its not 1994 any more
>>1051487
What do you recommend then? I have good computer skills and want to put them to use,
>>1051490
Fixing computers? Not sure... Software development would probably be better for freelancing.
I don't have the money to open a margin account and short
/biz/, can a poorcuck like me still get rich from the crash?
You can still buy inverse ETFs.
So what is the best way to profit from the impending default of Venezuela? Out of the oil based economies in the OPEC it will be the first to go.
>>1050994
How, exactly, can a state default?
>>1051025
Same as a company, they aren't able to pay their debts.
>>1051029
A company defaults because their creditors declare it so, and the authority (state) acknowledges it. States themselves have no such authority above them.
What kind of business could you start to benefit from government programs?
>>1050416
Look up grants you're eligible for in your state/country. Starting a company because there's a grant the government offers in the industry is a bad idea though
>>1050422
Not what I meant bruh.
You know how governments spend money taking care of poor people? Who do you think gets that money? Well it's probably going to be business because who else has stuff to sell them?
How do you be one such business?
>>1050416
Low income housing
hey guys, i'm a 19 year old college student and i've come up with a REALLY good idea for an invention. I'm not going to tell you what it is, but i need to know what to do. how do i get a patent? should i start a business? what would you do if you were in my situation?
>>1050145
That is a long and expensive process. Google can answer this for you. Will need a patent attorney. And those fuckers aren't cheap.
http://www.nolo.com/legal-encyclopedia/getting-patent-yourself-29493.html
>>1050145
Tell me it, goy
Your university can probably help you get a patent. They will take a percentage from any profits you make from it though.
>tfw when went long on US crude oil and waiting for it to rise (unrealised loss currently ~$1200)
>tfw when shorted Bitcoin and waiting for it to plummet (clawed back to almost even)
When will I see some blue text, /biz?
>>1049339
How did you short bitcoin?
I didn't know you could short cryptocurrencies.
>>1049346
Bitfinex has 3:1 margin trading, OKCoin has futures and I think margin trading as well.
>>1049346
poloniex also lets you short a number of alt coins
Why didn't you buy ethereum, /biz/?
Idk maybe they hate money.
>>1047657
what is ethereum?
i'm looking on the site, but i don't necassarily understand, and why would it be worth investing into?
Going to major in Maths. Is a minor in finance worth anything?
Investing is just guessing, right? This guy's hedgefund went from like 100 million dollars to 8 billion and back to 300 million and then 600 million. Surely a guy as smart as him knows that he's guessing?
>>1052145
>Investing is just guessing, right?
investing =//= trading. Trading is gambling. Investing is not.
C'mon man. You should know this stuff already.
>>1052149
I don't know if there's a holding time limit cut off before trading becomes investing but I don't care. And I nkow that Investment bank traders are market makers.
I made this topic because I watched videos where he gives his opinion on macro and big picture stuff. Obviously he's smart but is he just mistaken in trying to convert his smartness in to reliable investment / trading decisions?
>>1052149
Trading isn't necessary gambling. Think of trading like poker. Only the guys that are right like 52%+ of the time will make anything, the house will always take a cut.
I have a sole propiertorship in California and had a few questions. Firstly, how hard would it be to change the name of my business? Would it be easier to file a whole new business and just change the name on the bank account?
Secondly, how hard would it be to convert a Sole Prop to an S-Corp or LLC? Would that also require another filing?
what do people want these days
>>1052085
To be culturally enriched
>>1052085
ethereum. and lots of it
>>1052139
What's up with this new ethereum meme? Is ethereum the new pandacoin?
investment in the green recycling here:
goo.-gl/tN9iQi (without -) 20€ bonus, serious site, pays on bank transfer paypal and bitcoin
MODS
>>1052060
mods
Habbening memer checking in.
I realize that from a finance perspective there isn't necessarily cause for panic quite yet.
But habbeners tend to view things from an economics angle rather than finance. And theres a lot of economic reason to believe that we are tetering on the edge of a crash.
The finance world can adjust to cheap oil. The real world economies that stock exchanges exist in probably cannot.
One of the only booming industries in the US was oil, but the US industry isn't likely to be profitable under $30. Since saudi production is $9/bbl, the US Industry will mostly likely liquidate. But where is that capital going? What's the next bull market? Biotech, maybe. We'll see if that pans out in the next couple days, but I have doubts. Green energy could probably boom if oil wasn't so cheap.
The reason we are in this predicamint is because the Federal Reserve's monetary policy encourages these booms and busts. The fed has kept rates absurdly low for years. The only way they could stop free fall in 2008 was to cause an unnatural amount of speculation. This gives the illusion of growth. Cheap money eats into savings to fuel bubbles. You can only do this for so long. Eventually there are no savings left. Thats the situation we are in right now. We've burned through all of our savings on boom & bust markets. The jig is up and now we have to face the reality that resources in our economy have been atrociously allocated for decades.
Not as fucked as europe though. The US and Asia can probably weather this. They'll come out beaten and scared, but they'll make it. IMO Europe is going to really suffer to its core in the coming years. The continent could emerge fundementally different.
Cool story bro. Did u buy ethereum yet?
>>1052045
Nope should I? BTC will probably surge if QE4 happens. More so if the Euro goes belly up. But really any currency that isn't being devalued by desparate governments is going to look pretty damn attractive