Archived threads in /biz/ - Business & Finance - 864. page
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Hey /biz/,
I need to pick a specialization for my commerce degree.
Marketing,
Organizational Behavior & Human Resources,
or
Operations & Logistics
What do?
>Least useful and easiest
Organizational Behavior and Human Resources
>Most useful and lucrative
Operations & Logistics
Marketing is somewhere in between
>>985250
Thank you!
I was under the impression that OBHR was a strong field to go into. Why is it so undervalued?
>>985261
>I was under the impression that OBHR was a strong field to go into.
It's not. You'll probably be able to find a job in HR, but it won't be a very good job. Think about the type of people who go into HR: they generally can't do math and aren't really good at anything. Most HR departments have a reputation of being incompetent, and for good reason.
Marketing at least requires a little bit of math and creativity.
Operations & Logistics heavily...
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I do not understand unemployed people who just sit at home and do fuckall.
If you already can't get a job with a fixed salary, why not look into side stuff that can make you some cash?
Instead of "Hurr durr, can't find a job, better rack up my credit card debt, Murrcan dream is dead"
I've done everything from re-uploading porn to get a % of premium account sales to trading virtual game skins.
There are SO many avenues you can take to making money with little to no risk.
I made 20k in 2 years in high school in my spare...
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>>985013
I made $1600 bucks / month on unemployment for 2 years and just sat on my ass. You just don't know how gratifying "not working" really is until it happens.
>>985013
how did you make that much money in high school without a job
>>985037
Pay per sale, pay per download, shitty websites, all kinds of shit. I'd just sit at home and try out various shit I'd see on forums and some stuff worked some stuff didn't.
20k in 2 years is nothing. Less than 30 dollars a day.
![describe-your-ideal-boss[1].jpg](https://i.imgur.com/fXxJcMT.jpg "describe-your-ideal-boss[1].jpg")
ill cut to the chase: my boss is a huge degen and owes me cllose to 7k by now (gambling debts) and 1) it seems like he does not want to pay; 2) he wants to increase stakes and continue gambling. i applied for this job (my first real job), because i lacked financial security in the past ten years and now im in the same situation again. now i certainly want my money, but how do i go about it without risking my job? and how can i convince him that i no longer want to gamble with him?
>>984782
What do you do for your line of work?
>>984782
You're fucked OP.
Get a new job. Then request payment.
When he tells you to fuckoff, sue him.
>>984786
This. Fuck him up.
Hello /biz/
I've been thinking about opening up a Board Game Cafe/Lounge in my city for a while and just wanted some input on what you think. I like in a city of just under 300K people and around 600K in the metro area.
I have a restaurant management background but i'm worried about getting in too deep as I am only 23 and still have copious amounts of college loan debt. That being said, this kind of estabilishment that I am interested in opening hits a niche that isn't found in my city yet, and the closest similar style of business is about 1.5...
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>>984694
it could be a smash hit if you serve irish coffee
>>984694
it's a mistake. people are gonna go there, consume nothing, take up space, cost you rent, and bring you nothing.
what's your actual business model?
you can do this type of shit once you've "made it" as a hobby maybe.
>>984694
The game cafes that opened in ym city made massive profits. I know because they were some of my friends. Do it, but in a few years. Consolidate some debt first before investing
This guy says there's no excuse in 2015 for passive investing because of the tools the average man has at his disposal.
I know I'll sound like an idiot here, but isn't capturing 99.9% of average returns by passively tracking, an acceptable result?
It doesn't make sense that most people with non-finance day jobs would beat the market, they would be beating people who watch stock prices 12 hours a day.
https://www.youtube.com/watch?v=uGntbreUnc4
>>984338
If you invest your savings in an index fund and match the market average then you will be doing better than 99.9% of active day traders so yes it does make sense unless you're willing to put in a massive amount of effort and time in the hopes of consistently beating the market which you have a very small chance of. So for the average joe or someone who doesn't want to dedicate their life to figuring out how to trade it makes a lot of sense to stick your funds in an index fund instead of having and portfolio...
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https://www.tastytrade.com/tt/shows/you-gotta-be-kidding-me/episodes/biggest-misconceptions-around-passive-investing-11-13-2015
>>984752
r u chinese?
So I have been looking online for a while for a nice, simple guide but even I can tell that half of the shit that I can read is complete bullshit. Are there any good books or something that I can read to learn about stocks? Literally have no clue how any of this shit works.
The Intelligent Investor by Graham.
We really need a sticky.
buy high, sell low
>>984280
jew memes and intelligence don't mix, stay poor
So I had a thought. Is it worth buying shares of a failing company with the intent of losing money just to stay within a lower tax bracket? Obviously you have to be at a specific amount to be able to do this.
If you're in a country with progressive taxation, then no that's absolutely retarded.
Why not just buy bitcoin or donate the money or something?
>>984203
Why though, the way I see it you could borderline right under a higher tax bracket. Even though the income is lower, the actual tax amount would be lower by quite a bit.
Help me /biz/.
In a few days, after taxes and fees are paid, Im getting around 800000. Last month I had a meeting with a few financial planners before deciding on one. My main questions were about the looming crash. The one I went with told me they hadn't lost a single customer in the 2008 crash, but most of their clients are retirees who would probably die from the effort of finding a new planner.
I'm scared /biz/. The crash is imminent and I don't want to lose just as I'm getting into the game. Do I hold off til the market bottoms out, do...
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>>984167
Why do you think the crash is imminent?
Bro do you read the news or live under a rock. Fed rates might increase or have already, as well as a normal economic growth prediction for this year.
>>984167
If you want to go full paranoid-mode, you could take the money to a credit union. Most of them will give you a (very) preferred interest rate, since they very rarely see that kind of money.
You won't get the best ROI, but your money would be safe, and the interest would still easily be enough to live on.
How much do you save for retirement? I graduated late (24) and didn't start maxing out my 401K and Roth IRA each year until I was 26, because I was a dumb ass. I just turned 27 last week and I currently have $47K in mutual funds. I'm trying to avoid being screwed like most millennials my generation.
>>984086
>I just turned 27 last week and I currently have $47K in mutual funds. I'm trying to avoid being screwed like most millennials my generation.
You are way above the curve though. Almost $50k in meme funds after only graduating 3 years ago? That's great.
>>984086
how are you able to max out your 401k each year?
>17.5k for 401k
>5.5k Roth IRA
what do you do to earn so much money?
>>984091
I am currently an accountant at a large corporation with a $70K salary. My parents own a rental property close to my office and I help them manage and rent it out. In return I don't have to pay rent. I currently save about 25% of my pretax income to max out my 401K ($18,000) and make a one time contribution each year for my Roth IRA ($5,500) after receiving my annual bonus.
I finally did it /biz/. I decided to teach myself a new usable skill and learn how to code. feels good to work hard at attaining a new skill
Working through code academy right now, what are some other sources? I decided to start with Ruby (language?) but i'm not sure what language to go from there.
is it really that in demand, or is it just a meme? either way i'm gonna teach myself just to put it on a resume and future cover letters.
>>983939
>Ruby
>useful
learn ruby on rails(even that is a fucking meme) or don't bother l m f a o
>>983942
are they not the same?
sorry, literally just started using code academy earlier this morning
>>983946
codecadamy is a meme. get a real book and start reading ma boy
I am making a trading plan for trading stocks for the medium to a longer term (1 week minimum to 6~9 months for the longest trades)
Right now its just a rough draft with a few overall guidelines that I want to quantify and get more detailed with later but it looks something like this:
Overall I want to Trade companies that are "green" (at least appear so to the public and the information found online) and or environmentally sustainable
Use financial and business model analysis to choose which companies are good buys and which aren't.
Use...
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>>983938
Shameless Self bump and I know I used the wrong form of "there".
In my opinion you would keep stop profits for shorter term trades you don't want to in an out a stock because you keep seeing it as hot
Just trade options and bet on volatility. If you expect a big movement in a stock but don't know which direction, then use a Straddle. I've been doing this on demo ThinkOrSwim for the past couple years while at work trading Straddles on oil futures 2-3 months out. Have made 81% return in these 2 years.
Japanese "economics"
The Nikkei looks relatively cheap right now, but this scares me.
>>983862
>literally QE rocket to the rising sun
I just don't get Japan.
>>983862
Bump.
>>983862
bumping for interest but I haven't studied much Japanese economic policy.All I know is that some CEO from Morgan Stanely gave a lecture at my school and talked about how as a society they are so much better at saving money... Also they have some of the safest bonds in the world, and 0% interest. which is redic imo
Been using a demo account to day trade, my strategy consist of minimal risk using trends. When my stock is £250 up I put stop loss on at £180 so all my trades are successful. I turned £300 into 1k a day. Is it really this easy?
Are you paying fees for your demo account? Like per trade? Are you taking taxes into account?
But yes, in a nutshell, it is that easy.
Been reading about this and it sounds interesting.
>>983760
if you know what you're doing and you're not greedy, it sure is. there will still be the fees and such so it won't quite be 1k, but you'll still be making plenty.
What are the basics of the art of negotiation?
Be willing to walk away.
Be a good listener
>>983561
literally this
Is actuary a good career move?
Anyone here who is an actual actuary or trying to be one?
How hard is it to become one? And how hard is the job afterwards? Is there a lot of uncertainty or stress that can cause anxiety?
Also, is it better than accounting?
>>983506
bump?
>>983506
Is your mom's pussy a tight move?(yes it is)
>>983672
instructive
