/biz/ - Business & Finance

Has anyone here ever made any profitable stock or other asset class picks?

Every piece of advice I've acted on from 4chan has lost me money, from the gold miners last year to alt coins to MTG to US weed stocks.

Jesus, are any of you actually solvent?

>>1599106
>It lets the US have more important jobs in software development, teaching, medicine, etc.

And what does the other 80% of the work force do? Huh? Faggot?

The other 80% need meaningful employment and not McJobs, so they could afford the shit you import from China in the first place.

If you have no income or no disposable cash than no matter how cheap your Chinese shit is, it's not going to sell.

It's funny that pro-Globalism tards don't have a single fucking leg to stand on.

What's the best way to negotiate a higher allowance from your mum?

somethin aint right

Interest rates are historically very low because the governments have tried to "lubricate" the economy with cheap money to stimulate things following the 2008/2009 credit crunch.

This means rates are inevitably going to go up, to historically average rates of around 7-8%. This means if you take a mortgage now you're taking on an escalating loan with no guarantee that the property will realize capital appreciation.

The situation is critical in Canada with Toronto and Vancouver housing markets behaving so irrationally, you have people borrowing from their parents to put 5% deposits down on 800k mortgages at artificially low interest rates when the real economy has shrunk and wages have increased no more than 2%..

Hyper bubble territory.