Archived threads in /biz/ - Business & Finance - 737. page
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Arch Coal Inc (ACI)- declared a chapter 11 banktrupcy today. Says on wikipedia it produces 15% of the US coal (second largest coal producer in the US). Peabody energy is the biggest coal producer in the US, and it has a shitty balance sheet. Will it have a big effect on the US (or the world for that matter) electricity prices, since half the worlds electricity is produced with coal and coal producers are starting to get fucked real bad?
Picture related: coal price chart
>and coal producers are starting to get fucked bad
>starting to
Hohoho
I've been following the coal industry for 5 years now. It's literally "how long till this company bankrupts: the game"
I still remember trading patriot coal, man, what days those were. When BTU was trading at like 20 times its current price. Good days. It was truly a perfect storm of bad timing for coal; no other industry has faced getting fucked so hard every single way since I can remember.
I recently stopped...
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China is still sitting on a trillion million billion tons of its own coal despite its massive imports. Australia and Indonesia continue to supply coal to whoever wants it in Asia, the powder River basin in USA continues to export the quality coal that quality people want (through companies like peabody) and it's not like it's gonna stop anytime soon. Even if BTU files a chapter 11, they or somebody somewhere will be mining the PRB whenever someone wants it. Countries are essentially getting shitloads of cheap (but smoggy) energy right now, even if your electricity...
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Yes, that means more coal company bankruptcies are likely to happen.
However, with the coming of a big liquid natural gas export scene (supposedly), with increases in renewable and or nuclear energy technology (hopefully), coal is, at best, staying put and profiting enough to survive one day. There isn't much room for growth in the coal industry in the foreseeable future unless clean coal technology somehow becomes feasible (they've been trying for years and nothing works) and/or natural gas prices skyrocket for god knows why. Some REAL SHIT would have to happen...
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>mfw 50 hour weeks
>mfw little to no extra cash
>mfw shift work
>mfw physically exhausted every day
Is there any hope for my bank account? E3 with 400 bucks to his name.
>>1037160
Should of joind the Army, chairfag. I'm an E3 that "works" less than 30 hours a week and have 3 hours for personal PT everyday. Got $30k in Vanguard, AS in IT, and car paid off.
>>1037160
>e3
Sell the mustang back to dealer
ok /biz/ quick question to any of you that went to school in the us
would it be worth not doing my course assignments if they're only worth 20% of my grade?
i'm low on cash at the moment and don't want to spend >100 dollars on a book for a single class.
does this make sense or am i retarded?
the latter
>>1037140
Try to pirate the books or borrow one. Try the campus library. If you're really desparate then go to the campus book store and just read the books and do the assignments there. Or take pictures of the pages you need. Hope this helps.
Anyone here with a Shopify store?
How is it?
>>1037129
why is that album always posted on /mu/
>>1037129
your moms with my dickify i want
>>1037137
>>1037131
ffs moot just close this board, it's fucking useless!
>Powerball Jackpot: 830 million USD
>Price per Ticket: 2 USD
>Odds of Winning: 1/292 million
>Odds to Payout Ratio: 584 million/830 million= Less than 1
I am well aware of the fact that taxes would make the odds to payout ratio greater than 1, making this a shitty investment, but should I watch the lottery to see if the post-tax payout eventually becomes greater than 584 million?
1. Would take years to fill out and buy every combination of tickets.
2. If someone else wins you'd lose half the money then you lost at least 200 mil
>>1038136
This, plus you don't have 584 million.
>>1037098
But it's 830 million AFTER taxes, so the payout ratio is less than 1.
> s&p down 0.80%
Will it break?
So here is the deal senpais.
>no debt except mortgage
>250/paycheck bi weekly savings rate
>3 mo savings in bank
If I put this 250 bi weekly extra money towards my mortgage it's paid off in 7years.
That's 45k total. My return on this investment is my monthly costs go down 550/month.
What other things could I be doing with this money to get a better return?
Always pay off your mortgage first. It's like free money if you consider the interests you don't have to pay for finishing it early.
I love econ, no doubt in that. But lately being a pilot getting more and more desirable for me. What it takes to be a pilot for a middle-class, econ student in US or EU?
Abandon hope and kill yourself
>>1036915
Make either Economics or being a pilot a hobby and study the other option.
>>1036915
sure, just save up $200k and use it to get a $20k/year job!
What skills will help anyone make a significantly higher salary as an employee?
>>1036906
S. d.
You know its true. Why do you want to be an employee anyhow? This is /biz fgt.
being born into a rich, connected family.
>>1036906
Sucking dick.
Having a lot of connection
Being tech savvy
I have an oppertunity /biz/ and I need ypur expert advice.
So I prefer to not mention my location or career situation, but right now I have a community of about 15,000 people from America that are here in this Euro country with me. We have a facebook page to sell things on, and the page sends constant notifications of whats for sale to everybody in the group.
A couple weeks ago I advertised a Vape for about the same price I bought it for and within 20 minutes I was meeting with a guy and sold it. I was amazed at how easy it was sold.
Now i'm wondering,...
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You guys are smart. help pls
>>1036885
Lenses for smartphones, it's only just started getting big, get a 100 of them from alibaba or w/e sell with an easy 600% marge. Fucbois will catch the bait, promise
>>1036942
holyyyy shizzz
okay so, this alibaba site has shit for so cheap. Any others like it? Whats the catch? How does it work?
Sorry for being so new...
What's 50000 GBP worth in London? Assuming thats per year obviously.
I got a job offer and I know London is expensive, shit and full of shitskins but I still might accept it. Or should I?
only if you can live rent free nearby, i.e. own an apartment or house in london.
>>1036874
I'm pretty /comfy/ on £30k in London senpai.
West London is a nice area. I'm here atm. Just avoid Tower Hamlets and such and you'll be fine.
Also, just get a spare room, not a full flat. I basically get a 2 bed flat to myself for under £600 per month because my landlord is never in. I only pay for the room. All bills included. Good deal imo. Save about 1k per month.
Also, what could/were you earning outside of London? Where is the job?
>>1036874
>and I know London is expensive, shit and full of shitskins
I can already tell you're not going to like it, don't take it.
Pic unrelated.
So I know I'm a total noob and still have a loooot to learn. But please if someone could clarify some of my confusion.
So basically the world is currently going through another stock market crash? Like in 2008?
Remember how in wolf of wall street jordan got unlucky as fuck his first day as an actual broker, cause of black monday? Black monday was another huge stock market crash right.. that actually temporarily shut down L.F Rothschild.
Here is where I am confused, (I think in the movie it was said also) when people say "the...
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Anyone who says "the stock market is down X points" has no idea what they're talking about
2016 is projected to be a bear market but there is no way of predicting that with 100% accuracy
>>1036834
The jargon of saying "the stockmarket is down" is the national stock market of the country that is down for example if the stockmarket in Belgium was down 4 points it means that on average all the listed shares of Belgian companies on the BEL 20 (NASDAQ) which has a total of let's say 100 points at the begining of the year is down to 96 points. These 96 points consist of X number of enterprises who can either go up or down.
Let's take an extreme example there are 5 companies
A
B
C
D
E
F
Lets...
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>>1036845
Ah ok. Thanks. I'm still confused though, if the stockmarket in Belgium was down X amount of points.. wouldn't that include the average of ALL the belgian stocks? You said BEL 20, isn't that just the top 20 belgian stocks? Like, what if other Belgian stocks that are not included in BEL 20 are doing good.
BEL 20 is like the S&P 500 correct? Does every country have a top basket stock?
Also how can the S&P 500 contain stocks from more than one American stock exchange, does that...
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Hello /biz/
I try to make it short
Iam a 25 year old german mechanic/welder with almost ten years of experience under my belt (3,5 years of apprenticeship)
I made many instalations of instriual machines in many countries.
Now I look for a new experience, I havent been to the states yet but i always dreamed about working there.
I have a save job with good payment here and could work almost everywere here
My english isnt the best but I always came along with non german workers.
So my question is, do I have a chance to work in the states? How...
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>>1036827
Yes you do.
>>1036827
More than likely you will be able to find a job with that experience.
Enjoy the imperial system.
How does /biz/ think the American market will do today/tonight?
>>1036809
Netflix n chill
>>1036815
Ha.
last week's 6 percent drop was rare. and what's fun, after a drop like that there is no example in history the market hasnt bounced back. start of the week usually goes in the last's week negative momentum but it will swing the opposite direction with a force
It occurs to me that my basic goals are "retirement" goals. What I want is an inflation-proof private income.
If I'm investing conservatively, what returns can I reasonably expect, in terms of dividends and interest?
I'm thinking 5%, of which three fifths are re-invested.
So €100 capital would give me €2 spending money per annum, the value of which would rise to match or beat normal inflation levels.
(Naturally the real figures will have a few more zeroes.)
The optimist in me wants to get a 6% return and have half of that for spending...
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If you dollar cost average into VOO you can get 8% pa returns with no work.
