Archived threads in /biz/ - Business & Finance - 699. page
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So I'm sure /biz/ has already heard about the referendum that will be held in Switzerland this year. If it succeeds the Swiss will apparently all get an unconditional basic income of 2500 Franks per month.
What economic impact would this have? Will all the free monies accelerate demand and hence bring economic growth?
Also, with people being able to spend more won't the prices just go up like crazy and hence deminish the effect of the free income?
I suspect Switzerland may be the only country that could maybe pull it off since they have heavy immigration laws - it will cut heavily into tax though so they will need to be pretty careful with it - pretty unlikely the government could pay out 2500 francs a month to every citizen because that's more than a lot of people earn working. No workers means no taxes amd essentially they will fuck the whole system. It is too early for a universal income yet.
>>1049751
Couldn't you just tax consumer goods, which will undoubtetly be in more demand, more heavily to even it out?
Which would lead us back to my question of rising prices and the effect of it being deminished in the first place.
>>1049748
>>What economic impact would this have?
positive, the only unknown is what it does to inflation
google "income elasticity of demand" , the new money will be spent mostly on luxuries , housing and neccesities wont see a boon (I only need one house / one car / one bag of carrots from the grocer)
The luxury needs boon dies off as people adjust spending to account for the new money but it wont all be credit card debt, plenty will start small businesses and...
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Is silver a good buy?
>>1049726
meh
>>1049726
>not adjusting for inflation
herp derp
>>1049726
Listen up you little dickbeaters: Never buy a commodity or equity that doesn't move at least the value of the square root of its price in a year.
Quit dreaming of spider tattoos on your tiny cock and think about investing only in equities that have the highest ROI in their sector. Re-deploy regularly.
Finally, buy strength and sell weakness. You know about "weakness" like when you drop your skinny jeans and whip your skeeter to tranny porn as you stroke your little "furry" buttplug.
Alright, first of all hey. I'm new to this board and just came on here to ask a few questions.
My situation: I'll be graduating school this year and then heading into uni. The only problem is, that I don't know what I want to study. I've been thinking about studying economics or finance. The thing is, economics in my country (Germany) is called BWL and many say its the thing people study who aren't really good at anything and want to make lots of money. But I'm actually interested in economy and everything with it, Im really into the stock...
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>economics
>the thing people study who aren't really good at anything and want to make lots of money
Well you got one thing right
>>1049644
I just went with engineering because my grandpa thought I'd be good at it. So far I like it so you could try it out.
>>1049644
Why not math with a minor in economics?
![happy-new-year-2009[1].jpg](https://i.imgur.com/dkPof18.jpg "happy-new-year-2009[1].jpg")
Assuming it was the year 2009. What companies should you have invested in order to be rich today?
Netflix would have gotten you a solid 1000% return by now
>>1049605
Amazon, netflix, google
>>1049605
bitcoin
I bought $270 worth of business leads from investor leads, but I have no needs for them. It's all accredited investors name+phone number, but I need emails.
It's investors from NY, TX, and FL. So it's 270 worth, trying to sell it for 180. Is anyone interested? All ran through the national no call list and guaranteed to be real. It also comes with 250 free ones, 1750 total.
>>1049587
My friend has 26,000 investor emails that are opt in, she specializes as broker, what is your email
>>1049621
adambarrin @ gmail . com
I'll be awaiting your email, appreciate it.
>>1049587
How do you get these?
I have a bachelors degree in Finance with a concentration in accounting.
Im thinking of going back to school to get my masters in accounting
Im thinking of going for my CPA
I looked up a website that offers sample questions for the CPA and I thought i could study up for it while im waiting to start school. and man, these are hard, i have almost no idea what they are talking about.
Do I just need more accounting experiance? Ive been away from school for a while.
How do you study for this thing??
This test seems like it would be a beast...
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It has almost a 60% failure rate.
I've passed BEC after failing it once.
Failed REG and going to take it again next month.
Then I'll have two more sections to go I hope to finish by the end of summer.
I'm using pirated Becker.
It is really hard dude. Comparable to the Bar or RN exams.
>>1049584
>It has almost a 60% failure rate.
/CFA/-fag here, you think in the wrong terms. It has 40% pass rate, and you aim for relative, rather than absolute, performance.
Plenty of Indians and Chinese that barely speak English to skew your performance.
>>1049564
How much time has passed since you got your bachelors? What tier school are you looking at to get your masters? Are you looking to do public (I am assuming) or private accounting? CPA exams are not that hard if you put the time into them. Of the accountants I know that passed the exams all put in about 100 hours per exam and did all of the Becker material. They passed all the exams the first time. Those that I know failed (some sections multiple times) put in a lot less effort. So the question is how much effort do...
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I'm excited about this film!
>>1049492
Whats the story?
>>1049492
I was too, but the ending was a huge disappointment. Another "evil bankers fucked us over and are generally bad people" -movie.
>>1049504
Good goyim!
A quarter shekel has been deposited into your Goldman Sachs Public Relations account.
Who's your money on, /biz/?
>>1049487
Why are we not taking bets with btc?
these markets are generally better at predicting election outcomes than pudits, but not as good as superforceasters in the IARPA project
>>1049498
I need a site for this to make money off Hilldog's victory
Can we get some people in here that know about Dividends and what stock tickers are the best for dividends?
I'm tired of losing money so i just want to put my money in a stock and get free $$$
>>1049433
>dividends
>free
just stop
Buy a Utilities ETF, Consumer Staples ETF, REIT ETF, and a Municipal Bond ETF.
Dividends are the most efficient in tax exempt funds
Majoring in music, emphasis in composition... how fucked am I?
>>1049024
exceptionally
>>1049024
Sasha Grey
>>1049024
Have you started taking classes yet? If so, do you feel like you're learning, and can apply your skills? That's really what's important for a music degree. Nobody will give you a job on your own, you have to have skills too.
>24
>taking federal student loans to pay for college
>fail a good many classes...
>find out they are much more cost effective if I attend full time
>don't quality for enough money this semester to take 4+ classes
>already 20,000$ in the hole and can only get at most 11k$ more, will need more classes than this can pay
Suggestions? I guess private loans are an option but those...
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>>1048831
Solution: quit fucking around and grow up and take something seriously for once in your goddamn life. You're pathetic.
>>1048831
America must be hell
>>1048854
Only if you're a NEETcuck
>Average Niggerian wage per year = 3.000USD
>Average Chinese wage per year = 6.000USD
>Average Colombian wage per year = 8.000USD
>cost of having 1k colombian factory workers = 8 Million dollars
>cost of having 1k niggerian factory workers = 3 Million dollars
Take into account niggeria is the second biggest black african economy behind south africa.
>Cost of average american...
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>>1048628
>Cost of average american factory worker = $45K a year
Really?
http://www.payscale.com/research/US/Job=Assembly_Line_Worker,_Factory/Hourly_Rate
I get about $25K per year.
While I'm not going to challenge the main point: I will point out that locating factories in China or Nigeria is going to greatly increase the overhead in other ways. The level of bribes you have to pay in highly corrupt third world nations seriously eats into profits. Additionally,...
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>>1048644
Don't forget how many Nigerians it takes to manufacture something compared to an American; wage costs vs labor costs. Then you've also got the infrastructure costs, political stability risks...
Also let's not forget training the worker. Good luck getting them to assemble something efficiently that they have never used in their life and didn't know existed until a week ago
Good luck when the Nigerian gov takes your factory or when that cheap labor steals your materials or cant even show up to work.
Like Mr Wonderful says.... "Money goes to where it feels safe" no one will ever say this but real non corrupt money attracts to the people with the most integrity and the ones that are morally superior. Lying, cheating, and stealing is never works in the long term and thats why no money goes to Africa, because you cannot trust those animals. People think giving money to them will help, ha a proper philosophical base is what is needed...
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So /biz/ I'm going into the military.
Assuming I spend as little as possible while I'm in for 5 years, which should be pretty easy to do with what I'll be provided, what should I do with the money I save while I'm in?
Pic not really related.
>>1048574
What's your expected income? What branch of the military will you be enlisting in?
Save up for the 20 years of therapy you'll need after you get out so you might have a miniscule chance of reintegrating with society and being a normal human again by the time you die.
That is, if it doesn't kill you before you get out and you simply fade into obscurity as nobody ever remembers you and you never manage to do anything or accomplish anything with your life.
It's a good thing that with just about every other job being replaced with automation that we still can convince people into self population control err... I mean putting boots on the ground!
>I enlisted 4 years air force meteorologist
>I saved 60k into stocks and retirement
>ate the free shit food, didnt waste money on dumb shit like 99% of my buddies. Still managed to travel to 23 countries
>used tuition assistance to do 75% of a degree at work
>transferes all that shit credit to a real university after i got out
>bought a house with VA loan
>got...
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Can a /biz/nessman explain to me how Bernie Sander's proposed 50¢ tax on stock transactions would affect the American economy? Specifically, how such a small amount would become significant enough to drive away investment.
>>1048240
It eliminates an entire industry.
No more high frequency trading. Which is good, because most of it is just bullshit anyways.
>>1048241
Can you give me the details?
How to attract Venture Capital? What kind of startups can get VC relatively easily?
>>1047952
Bump for interest..!!
Anyone?
is your plan to hype up something and shill it, thinking you can profit from it easily and be the mastermind?
