/biz/ - Business & Finance

>>1895983
To be fair, credentialed and qualified professionals barely know what they're doing. No one has the crystal ball.

>>1895983
BUY XMG FAGGOT

>>1895983
>went full wagecuck
>spent all free time studying for CFA exams year after year
>at some point life loses meaning
>goals become worthless
reality sinks in an-

>>1896026
>I can't read because of autism
That's you. That's you to a T.

>>1895997
A CFP knows way more than some mindless permavirgin with no background in business or finance at all.

Please, do you really think a moron like yourself knows more than a guy like me? Come on. Don't embarrass yourselves.

>>1896026
What you see on /biz/ is the Post-Robinhood boom. Before Robinhood, no one on this place talked about "TO THE MOON" or "BUY AMD"

Things that were discussed actually had some meaning and insight and not just haste.

>be workin at a bank
>IT-Admin and regulatory reporting
>have thousands of € in vidya and technology stocks
>some derivatives and gold
>get curious and wonder what /biz/ says about the above
>see a bunch of kids spewing memes and only trading a few bucks in bitcoins

this is a sad place

>>1896035
You seem quite agressive. No need to get angry when somebody tells you your degree is 100% worthless when it comes to making money thru investments

Finance, like any other business degree is a wagecuck diploma. No better or worse, it servers cucking purpose just fine. It's not a bad degree by any means.

I think the place can change if educated posters like you post more. What I think happened was a scramble and it brought a lot of newbies like me out.

Largely I think the noobs are willing to learn if you share.

>>1896035
I'm not a schitzophrenic, so you can address me in the singular form of the pronoun. Secondly, what's your net worth?

I'm actuary making 70k per year at my job but like 80k per month trading ETH.

>hurr nobody has any idea what they're doing
It's called buying and holding cause I'm going to the moon baby.

>>1895983

I would qualify as educated but I feel I have a different perspective to offer this topic other than my background.

I've been around since the genesis of /biz/. I remember /biz/-esque topics were popular on /pol/ before this board was created. At first it was great, a lot of great input came from posters. But slowly over time it became flooded with memers and trolls.

I still peep in every once in a while. However, if you want quality posts with genuine input , /biz/ is sadly no longer the place. Even reddit has business & finance boards with higher quality posts than /biz/.

>>1896045
>Worthless

Says the kid on 4chan with nothing to show for himself.

>>1896055
Wow, you faggots on 4chins sure love the work cuck, don't you? I guess that's because 99.99% of you encourage the practice.

>>1896075
You can't even spell so you don't get shit.

>>1896097
>I'm actuary making
Make a fucking English book and learn how to speak it as if you were a native.

>>1896099
Which is why Reddit is and always will be the place where legitimate celebrities go to to associate with their fans. 4chan is just a cesspool of the underachieving sad and depressed minds of the Internet.

>>1895983
This place is /r/wallstreetbets except without the 5 people that know what they're doing. There are some decent places to discuss this shit on reddit though.

>>1895983
>>1896043
>>1896064
>>1896099
>>1896129


and you all still come here despite the whining

>>1896143
Sorry, I must have gotten lost while looking for /pol/

>>1896129
Haha let me get this straight, you get on here to tell people they are dumb and about how stupid they are for coming to 4chan to fuck around on biz? Then make a argument that this place sucks because reddit and celebrities. Just accept that finance is dumb and will be taken ruined by technology in the future.

im a trader at a medium sized hedge fund. mainly interest rate futures(US treasuries and eurodollars). but i only go on /biz/ and 4chan about once every 3 months. used to spend a lot of time here in 2006-2008 when i was at university and its fun to come back once in a while. ive pretty much given up on trying to post any real stuff here since i usually just end up getting shit on by people that are dreamers and obsessed with get rich quick schemes that don't involve putting in work and using your brain.

>>1896158
Yeah because I can see a shit ton of robots and artificial intelligence on the trading floor.

Let me guess, you're some IT grad? Or an Indian "engineer"? Spare me, peasant.

>>1896163
They don't know hard work unless it came and fucked their girlfriend in front of them. Guys like you and I who actually are putting in the hard work and learning how to make waves while these little punks make splashes.

Economics maj with Math minor, my extra electives were Finance classes. I can do cash flows, npvs, stock evaluation (self learn't really complicated will have to see an example online before I try that again). The market looks like shit, bullish and overvalued, if you have the crystal ball, pray tell what you see.

>>1896163
75% of this board is either Robinhood, @memecoins, Rothschild conspiracy, or kms how jobs.
25% of the serious threads are net worth dick comparisons and gold speculation, with the occasional intelligible college ex college asking for pathway insights.

I did a make biz great again by trading tit fr tat partial portfolio reveals, by the 6th post I had a Robinhood pic with caption: "To the moon, fuckers"

In the biggest stagnation in the world since 2000s nobody is saying shit about this on /biz. I actually miss those old junk posts asking how do I start my business. Those were actually thought provoking, and bit more intelligible than Dave trying to convert 500 bucks in to gold when apocalyptic credit crunch on a gold thread

>>1896230
2 users are creating 95% of all shitcoin threads. The mods seem to like it.

>>1895983
BA and MS in CS. I have a lot of side projects to monetize, even have one as a Delaware s corp.

I'm also interested in Finance. Reading about value investing because it's the only thing that actually makes sense. Learning the Quantopian platform simultaneously. Doing problems off modeloff to learn the basic equations.

So yea, very interested in business and finance. This crypto stuff is trash.

>>1896128
>schitzo instead of schizo
Fair enough, chuclefuck. That being said, you're still probably nothing but an excel monkey for the bigwigs who actually run the business you work at. In that environment, your only metric for success is your overall net worth. Why wouldn't you be willing to post that on a Russian election hacking forum if it wasn't dismally small? Cowboy up, cunt.

>>1896197
And yet you're here criticizing me. How lovely.

>>1896243
Why are you taking advantage of Delaware's corporate laws? Because you cannot afford to do it elsewhere? I know all about that. I live here.

>>1896243
Take a look at investing.com, get familiarized with how quarterly reports roll in and when. If you are smart enough about it you can easily roll with the wave for 3-4%.

>>1896265
I also have a tech background. I plan to get myself another degree after this one. I'm just really fucking bored at the moment and Finance seemed to be pretty lucrative. After all, I studied the shit as a teenager and as an adult. It's not that difficult. And for those who think finance is, you're braindead.

>>1896265
Also it's not about your net worth, child. I've seen people that have had net worth in the hundreds of millions yet you wouldn't have a fucking clue.

>>1896282
You know, I re-read the OP and I have a question: do you even have a degree?

This is important.

>>1896300
And why would that be important? I'm studying for my Bachelor's. I just fucking turned 25. I've been dealing with business and finance since I was 14 fucking years old so if you want to doubt my knowledge of the business/finance world, you can go ahead and do so but know that I was born into it. My family has been in finance and business for over 30+ years.

>>1896097
>like 80k per month trading ETH.

>It's called buying and holding cause I'm going to the moon baby.

So are you trading or holding it then?

>>1896276
Was replying to >>1896035, was trying to say don't be an ass about it. Sorry, had a rough workweek, our finance major sales is full of himself and a complete asshat in that he knows everything when he advises. Especially when I have to hedge his portfolio with some truly heinous shit in order for him to sell it at his outrageous portfolio growth expectations and for us to make a profit.

>>Not an excuse. But I might be drunk right now :P

>>1896309
>it's another "I'm still taking my bachelor's in my mid 20's and I know more than you" episode
Thanks for the laughs

>>1896333
Checked but I actually do. When your family has been doing it for over 30 years (I know you're about 17 years old), you tend to learn shit.

And as for >>1896325, unless you have an MBA which you don't, you will never make more than a CFA/CFP. There's a reason they show the commercial of the DJ pretending to be an advisor and not the economics major. Stay poor.

>>1896325
Hey big shot, do you work at ANY of the Big 4's?

>>1895983
I bought AMD after meme analyzing and made a lot of money and now I have tripled my money in eth so go fuck yourself cunt

>>1896333
I'm currently interned at a midsize investment firm. I can say for pretty sure, the average Joe does not know what the fuck we are doing. This coming someone who's family are of engineers and doctors with masters, PhDs. Oh, and I'm 22 whereas my uncle who invested for over the years I've been alive, doesn't know half the shit I do. The man has a Physic PhD.

>>1896360
And by meme analyzing I mean seeing enough threads to google it and realize people weren't fucking around

>>1896360
Lol cool. Just know they're spying on you.

>>1896368
It doesn't stop the gains

>>1895983
what school do you go to senpai?

>>1896385
A school in New England. That's all I will say.

>>1896390
what tier are we talking? Because you'd have to be pretty dumb to come on 4chan and brag if you're not top 10

>>1896360
That's merely speculation and you know it. Before the Oil bust in 2014, I turned $500 into $3100 (2009-2012), I didn't know shit about hedging risk in portfolios, stock valuations. Just read some stuff, kept an eye on OPEC (since I heard about glut only in 2011), and saw the generally post 2008 bullish momentum would guarantee energy stock momentum.

>>1896338
Nigga, having mom or pop own a business and being around the store doesn't mean shit. Until you're doing inventory, paying for the insurance/rent/overhead/business license/payroll/webmaster, managing employees, dealing with character assassination from competition, etc, then you can step up to me. I don't give two fucks about you riding your family's coattails when you should have gotten your bachelor's done 3 years ago. Sort yourself out.

>>1896409
Try Citigroup, pal. If you've worked at a better company than that or a BIGGER company than that, you let me know.

>>1896409
>step to you

Nigga, I'd knock you the fuck out. Talking like a fuckboy gets you no where.

>>1896406
Prove it.

>>1896396
I fucking said that's all I will say. Not giving you any more than that. It's in New England. If you're too retarded to READ, that's your problem. Not mine.

>>1896421
If they were in the loan department, especially have anything to do with the build up of sub prime bull shit......

>>1896425
lmao he's graduating from some Providence Upstairs Business School and he's shit talking on /biz/

Can i self teach myserlf math with the hi level books on amazon. biz yold me college is a scam im 18

>>1896428
Maybe they were. Do something about it, faggot. I'm glad idiots lost their houses. Blame the brokers that told their clients what they couldn't really afford. Blame the assholes who got the ARM's and lost their houses because when the balloon payment came. Blame the underwriters. Fucking moron.

>>1896433
Rhode Island? You're hilarious.

>>1896416
>working for the Red Star
Not even fucking once. In fact, now I get why you're so bootyblasted with the crypto market.
>>1896421
>a bank teller thinks he'll knock anyone out
o im laffin

>>1896035
and yet you still lose to index in the long run lol

fuck off with your meme expertise

>>1896452
Who said that I worked for them? My family worked for a subsidiary of Citigroup. Retired from them. Learn your shit, boy.

>>1896453
I don't lose shit. Can you fucking read? I'm a student. I'm not working for some big time company yet. But my point still stands. None of you know ANY FUCKING THING about BUSINESS or FINANCE. You may know how to hit buttons on a phone and invest in some memestock but that's it.

None of you have worked for any substantial company, none of you have ever worked in real estate, none of you have seen shit on the front lines of business or finance. You talk a big fucking game but when you get to the table, your poker face is pretty terrible and you always fold like the retards you are.

>>1896446
If you're going to Harvard, Sloan, Yale or Tuck congrats. If not lmao

>>1896456
Let me rephrase that.
>the son of a bank teller thinks he'll be knocking anyone out
o im laffin

>>1896464
>IF YOU'RE NOT GOING TO SOME EXPENSIVE ASS IVY THAT I SAW WHEN I WAS TALKING TO MY GUIDANCE COUNSELOR THEN U CAN FUCK OFF LMAO

>>1896469
Keep thinking it was Citibank. Only fucking morons and dropouts work there.

>>1896043
Your compliance let's you buy single names?

>>1896462
i'm talking about you as in
>A CFP knows way more than some mindless permavirgin with no background in business or finance at all.

ya'll are literally just glorified con artists who pretend they can predict the future

i repeat: lol

>None of you know ANY FUCKING THING about BUSINESS or FINANCE
i'm a graduate student in a very related field tho and work for a "substantial company"

i'm just telling you your (to-be) profession is a bullshit one

>>1896474
They do make more. With an MBA in finance, I'd make way more than your podunk ass makes. If you deny that, then you are a fool.

>>1896479
i never talked about the amounts you or anyone else on this board makes

i'm talking about the professional integrity of the financial professionals who, according to research, keep losing to stock indexes in the long run

are you handicapped or illiterate?

>>1896491
Oh you thought I gave a fuck about morals. Oh holy fuck, you're pathetic. Yeah I gave that up years ago when I went for my RE license.

>>1896472
enjoy your 40k salary my guy

>>1896491
>morals = professional integrity
goddammit lol so you are handicapped then

put down the HBR and read a book

>>1896507
I can make that in my sleep

>>1896508
Stay assblasted

>>1896498
here you go, apparently i'm a bit handicapped too
>>1896498

>>1896510
So can prostitutes

>>1896474

he's right, even my proffs are telling everyone to get their CPA and learn to code/statistics.

If you're doing your CFA you're going to be in for a harsh awakening

>>1896282
They have a lot of case law / precedence that helps define the business law there. Basically, investors know what they're getting into. If you're going to do a startup, everyone wants a Delaware C corp. Since I'm still small time, I have an S corp to get pass through tax shit like an LLC, but easy conversion to a C corp if I ever want that sweet venture capital.

>>1896517
Aww, but your mother is such a nice lady. I met her before when I was looking for bitches on backpage.

>>1896521
I know that. I'm a resident of DE

>>1896520
>>1896520
Aaaaaaaand they'll all be outsourced.

Just look at this thread to understand why they're called wagie ragies

>>1896523
You'll never make it in finance with low quality bantz like that.

>>1896528
>referring to a term used by /r9k/ fags

Pathetic

>>1896527
>Why are you taking advantage of Delaware's corporate laws?

Then why the fuck did you ask? Are you the aspie from yesterday who was arguing about houses? Why are you arguing with everyone and being a shit?

>>1896531
Then you don't know finance, my dude.

>>1896527
thinking some retarded trader monkey on a bloomberg terminal wont be the first to go

>>1896534
Lmao you think I lurk this shithole 24/7? Nah. Too busy blowing money, loser. Trying to figure out what Rolex model I want to purchase.

>>1896536
They'll all be replaced by Panjeet's and Patel's. Including you.

>>1896543
I'm the one managing the replacing senpai

>>1896540
>no financial discipline
>going to work till 65

Why are you arguing with everyone and being a shit?

>>1896553
65? Are you out of your goddamn mind?

>>1896559

Why are you arguing with everyone and being a shit?

>>1896425
E-Trade, Parents account since I didn't know shit in way of taxes and costs, can't access that history. Do remember I bought SLB around 54 at early 2010 sold at 64 then bought again at 70 and sold again 82 during summer of 2011. For CVX I held long since it looked less volatile from 68 in late 2009 and sold around May 2011 for 103. BP at 28 around the Oil Spill (summer 2010) held and sold May 2011 for somewhere around 44 May 2011. STO didn't gain shit, sold it after carrying losses 2 months in when I bought it late 2009. Had a few tech stocks such as ORCL which I traded frequently beginning late 2009 to summer of 2011. That made a chunk. AMD I was meme'd into it on this board, sold it almost as fast, the moment it hit 10 basis points during summer of 2010. Also bought CHK during years end 2010, my parents convinced me since they were a major refiner of shale oil, at around 25-7? and then sold, once it dipped at 33 the next year. There were quite a few others but they didn't really pan out such as my energy provider NRG which I bought at 26 late 2009 and it fell to a low of 19 and then recovered back to 24 at summer 2011, sat on that thing hoping market bullishness would rub off and I could recover my losses, pretty newbish of me. There were times I dabbled in MSFT and few other tech stocks, but I jumped off almost immediately since I really didn't know shit and would be better off investing the little money I had into better performing stocks such as CVX.

>>1896553
>>1896562
Most students who think they're hot shit but have never worked are like that. There's always a handful in every graduate intake, but they rarely last more than a year in the industry.

>>1896569
point stands that sales look for these kinds for some reason. Our sales department, even the sales interns look down on the whole risk analysis department, I don't know why.

>>1896585
That works for sales desks. Hire overconfident people, milk them for a year or two, then replace them before they get expensive. Sales generally requires the least knowledge of any desk, so having higher churn isn't that bad. I bet you see a high turnover of people there - i certainly do.

>>1896606
This is an investment I'm interned at. The whole company is like all of 30 people. The sales are generally expected to know what they are talking about, thus I dunno. They're not pleasant but they sell most of what we package.

>>1896612
They only have to convey information though, so they need to understand enough to explain it onwards, but not deeply. Not to the extend that trading need to understand it to risk manage it.

>>1896624
Well the portfolios he sells are already ris managed. We have high earners with high risk with low earnings with low risk and when we combine the two in right proportions we get a higher P/E than the lowest yet less risk than the highest risk

Anyhow got to go. Got a test to prepare

why doesnt /sci/ ever uses its autism into somehting useful lke the stock market

>>1896715
oh hi, that's me.

>>1895983
i've obsessively studied algo trading for years. i've gotten good enough to make a living and i hope to grow aggressively as i get better.

>>1896163
>>ive pretty much given up on trying to post any real stuff here since i usually just end up getting shit on by people that are dreamers and obsessed with get rich quick schemes that don't involve putting in work and using your brain.
this.

>>1896462
>none of you have ever worked in real estate

Why the fuck would that matter? LOL

>>1896585
>sales
I never liked sales. I like telling others what the fuck to do.

>>1896276
>>1896282
>>1896291
>>1896297
>>1896309
>37 posts
>of this

sage

>>1896309
>I'm studying for my Bachelor's.
>My family has been in finance and business for over 30+ years.
>so I know what I'm talking about because we have a mindlink where their knowledge and experience comes directly to my brain

I'm enjoying this shitposting a lot OP, you're totally right too. I'm getting fucking tired of /biz/ the last month, too much cryptocancer, buttcoin, and memestock. Think I will transfer too another finance forum soon.

You're kicking these neet asses in shitposting, and that takes some persistence when your opponent basically does nothing else than shitpost all day.

Also, neets make me sick.

>>1897249
it’s genetic

>>1896569
Please tell me this is true. I'm at a top 10 college and getting sick of these kids who only talk about how they're networking so hard to get into i-banking. I was told that if I didn't cold call at least a hundred people I wouldn't get a job, or that me GPA was trash, but then I apply online to tech companies and get offers better than the average analyst salary. Watching these idiots crash and burn would be a marvelous addition to my petty vengeance.

>>1897369
If you think they're dicks, there's a good chance that anyone who works with them will also think they're dicks. They also find it's a lot more hard work than they expected.

>>1896540
You should find the nearest model of pistol and shoot yourself.

Wanted to do IB so bad.
Got myself a 6m internship at an Elite Boutique.
Quit after 3 months of multiple and back to back 100 hours weeks with many allnighters. Worked all weekends and holidays except christmas (woo 3 days break). Worked till 2 am everyday, and 10 pm on saturday and sunday.

Fuck this. Got back to uni to finish my MSc in finance and then god knows what i'll do. Maybe i'll try consulting.

>>1897921
Forgot to say i was in M&A Industrial, at the best shop in my mainland Europe country. Countless exit opps after you get the associate promotion.

I was also very good and they told me i was pretty much assured an analyst position.

Fuck that, i prefer having a life.

>>1897928
That sounds like shit. I'm a developer and I work 8 hours a day, and that's not solid working. Sometimes you gotta think.

>>1896462
Please continue to describe just how awful it feels to be a naive, little cuckboi with a mediocre IQ and no future.

Feel free to return when you've made anything other than your mother cry.

>>1896035
checking out on the 6th post since op already overdid it. obviously larping is obvious. be a little more subtle next time.

>>1896163
>>1897029
I remember coming to this board a long time ago and not really really understanding the vocabulary and thinking I was hopeless to. After some studying and bringing my credit up from nothing, the bank gave me 25,000 now i'm looking around and the state /biz/ with the nEETS playing slot machines on the moon, and the fucking amount of money i've finally got to play the game with makes me want to puke. i get really nervous and i need people like you guys. Where to start?

>>1899363
rainy day fund, stabilize income. health insurance, dental. next.

>>1899363
if you want to day trade stocks, that's the legal-minimum required to be eligible to trade on margin and short-sell, so you'll want a little extra so that one bad trade doesn't push you under the 25k minimum and fuck your shit up (Margin call). another few thousand should be plenty to cover your risk if you're smart.

while you're saving up a little bit more capital, i strongly suggest taking like 20 months to practice trading daily and soak up financial news to learn the rhythms of the market. practice is the key to success. take notes, google stuff, read everything you can get your hands on. it takes years to get good at this stuff but after a while you'll feel confident enough to start doing it for living.

I'M GETTING A DOCTORATE IN PUMPNDUMP SCAMCOINS

>>1900651
Minimum for a margin account is $2000. The $25000 figure is for pattern day trading rules.

Just trading stocks by themselves is a little weak. It's like a 50:50 shot. You can improve your probabilities and reduce your cost basis by learning to use options. Then also move on to futures but they are a bit more nuanced.

It well worth the effort to learn more. Take a look at Tasty Trade. They provide tons of content and you will definitely learn valuable info from them.

Lmao you poorfags and wagecucks should buy dash
Easiest money guyz

Do binary options work or is it all a scam

>>1900651
>>1901034
/biz/ lives. Ty smartfags

>>1895983
Started a dick sucking business thanks to /biz/. Now my weekly turnover is $100.

>>1901065

You sound retarded, people won't buy it