/biz/ - Business & Finance

I think we'll die because smg isn't quite obnoxious enough. It's still pretty obnoxious though.

Yeah, it's like one of those "the car in front of you is doing 10 below limit, which is infuriating but now you can't even overtake properly" situations.

CRBP shill not a fan. NOK shills not a fan

>>27179996
OP you are doing great work. Thank you.

>>27180345
Personally I just overtake them regardless, it's fine to break the limit to perform a quick, safe overtake.

>>27180437
Yeah. I mean more of the "mountain road" situation where you cannot safely overtake.

Yesterday quite a few anons suggested that we could see a small bounce on Monday. What do you guys think is going to happen?

Comfy friends that hold GME what’re your thoughts on the upcoming week and overall media hype/“movement” boiling?

Something is brewing.... But idk what to do about it . Joe rogan is talking about the SM . How it is just a casino ran by elite hedge funds. . .

>>27180651
I think we will recover, this is just a temporary correction and not the big crash. Fundamentally, nothing has changed, they are still printing money printers.

>>27180651
If the market does actually survive the GME stock settlement thing, everything will be ack to normal by Wednesday.

Although I think half of the QQQ valuation loss was not even because of GME but because of earnings week. Most companies were so hyped and pumped up just before earnings that even when they posted an 1.5x over estimates, they still dropped like 2%.

>>27180786
That just sounds like regular Joe Rogan shit to me.

>>27180690
What irks me so FUCKING much is the movement part of it. We are not "in" something together. We are not a tribe that does things together. We are not a force that can be steered towards "a good cause".
The most egregious examples are from 9fag tier sites where "Dood, now that we SHOWED THEM that we can win if we work together, let's work together on climate change!". Like, fuck you.

If I like the idea of something, I do it. If a shitton of other people like it, they do it too. It's the idea that has momentum, not the group. And you by definition cannot steer an idea.

I cannot wait for all the newfags to leave. The catalogue hasn't been this unbearable in a long time. It's gone from the occasional nigerian rugpull with obvious inorganic shilling to straight up retards spamming unabashed pump and dumps. There will be millions of bagholders born from this cycle.

Ahahahahahahaha, if you don’t get how to go for money with crypto volume on crypto just forget your account and fuck off from this /biz/ thread

cmon, I am too experted to believe in this trash, that’s why I will hold my base on uniswap and use Cascade for top rewards with passive income

>>27181173
The only thing I looked for was the /smg/ thread in the catalog. Isn't literally every crypto thread a pajeet PnD anyway on a normal day?

At least now we have some more topical threads and /biz/ was actually a stock board for a few days instead of a crypto containment zone with a small sub-board.

>>27181208
Ugh.

>>27181173
Look to the spring fren. We may be rid of both the r*dditors and Pajeet shills!

>>27181473
>>27181173
Ah no I've thought about this a bit more and they'll just switch to flooding the board to shill the national poocoin. $POO or something. Literal shitcoin.

>>27181473
That'd be pretty great. Although at least half of the pajeets are actually chinks pretending to be pajeets. And there's no way the CCP will make fleecing westerners illegal.

>>27181208
>>27181473
>>27181473
ill miss them </3

https://www.youtube.com/watch?v=pIz2K3ArrWk

reddit will unironically stay and smg might need a new board.

>>27180852
>I think we will recover, this is just a temporary correction and not the big crash.
I agree with that perspective. I've been seeing a lot of people closing their positions and holding cash, which to me seems a little extreme for a relatively minor correction.
>Fundamentally, nothing has changed, they are still printing money printers.
How long do you think they can keep it up? Surely there's a price to pay for all of this eventually, right?

>>27180869
>Most companies were so hyped and pumped up just before earnings that even when they posted an 1.5x over estimates, they still dropped like 2%.
This was very disappointing to me, but that makes sense. Essentially, their earnings were already priced in, correct?

>>27181467
There's occasionally something worth buying/investing into that isn't a straight up rugpull. I've doubled my money on GRT and its still steadily climbing.
>>27181473
Can't wait for them to all fuck off and whatever their national coin becomes I can easily filter instead of having to filter a new rugpull every week.

>>27181896
>How long do you think they can keep it up? Surely there's a price to pay for all of this eventually, right?
Good question, has QE ever been deployed on this level before in the states? JPOW was talking the other week about wanting to increase inflation, has the amount of USD they've printed not had the desired effect already? I don't really know. I agree with Gregory's view that the first signs of the crash we'll see will be a spike in the 10 year yield. I like to think of the nuclear debt he refers to as those money printers printing more money printers, that print more money printers. Well, fission, but the image in my head is funnier. I think we have a good couple of boom years coming up, people have been stuck in their house and are eager to go out and spend money, make up for lost time.

>>27181896
> their earnings were already priced in
Basically. Overhyped even.

>>27181904
Dunno, the effort it takes to filter out the good crypto from PnD shit seems way too much for me. It's much easier to find good stock picks in these threads. Or maybe I'm just not proficient enough in crypto shit, but I don't want to be.

Hey guys. Sorry to have to bring this hyped memestock up but I am afraid I'm tripping here. What happened to BB? Maybe some of us who have been around for longer than a week can help me trace the history of the BB shilling? I thought it was born on /biz/ a couple months ago. It seems like some faggots on leddit still trying to shill it but, whenever I go and look for BB it seems like it gets less and less. At some point people on /smg/ before the hype got unbearable said, that BB is just a distraction because there's no short squeeze going to happen. So I'm really wondering right now. I should've just sold $20+ but I was afraid that I couldn't time the top. Feels bad. I don't want to hold no bags. I don't want to have to keep hodling this shit for couple more years. I fucking missed the top, haven't I?
>inb4 BB is a real company

>>27182914
go away, newfags not welcome

>>27183149
You have excellent taste in Apus fren.

>>27183149
meh

>>27183149
I just really don't know who to talk to about this anymore. /smg/ sucks so much these days.

>>27181896
Inflation will start hitting when we open up, they're already priming the NPCs with fake news about the price spikes we'll see being "only temporary scouts honor goy!"

Get into leveraged longs and/or commodities, silver (PSLV or miners, not kiked SLV) actually looks like a play, not only would it rise with inflation, but it's gaining meme reaction traction among plebbit and other such smoothbrains

>>27180869
>Most companies were so hyped and pumped up just before earnings that even when they posted an 1.5x over estimates, they still dropped like 2%.
Really happy that MSFT at least pumped after earnings.

>>27183640
>these days
I can tell by the way you type you literally found /biz/ this week and are just another retard who came here from wsb. Fuck off back to wsb and leave us alone, we're not going to spoonfeed literal retards who fell for media hype and memes.
>>27183381
Thanks, I save every interesting one I come across.

>>27182914
BB was always a hype meme pick, it's a shitty company. It was propped up on the "it's not a phone company anymore silly, it's an infosec/EV company, so it deserves an 1000 P/E", when in reality the only thing they did is sold half of themselves.
Same management, same technology, same clientelle. Bankrupt in 10 years, or at least very heavily downsized and only kept to support QNX for the few last cars that still uses it.

I sold all of my major stock holdings last week to mitigate the risk throughout this current/upcoming market turmoil after near doubling my $ since last march, to which I found was the peak after witnessing the shakedown this past week. It already prevented thousands in loss on risker investments. I've been speaking with my family and friends frequently, we all see the needle finally meeting the bubble. I'm prepared to go back in and dollar cost average on the way down into stable ETFs and industrial staples. I bought in some precious metal physical funds for my IRAs and smaller monthly calls on volatility trackers to counter any small losses/inflation.

Do you think we saw the peak? P/E ratios too out of whack? I could see at least a 20% market contraction taking place over the next year or two.

>>27183640
I'll help ya. The CFO sold all his shares a week or two prior. Does that look like a healthy sign to you? You shouldn't just buy memes, you should look into a company and think about it's longer term future.

>>27183681
The Silver meme is going to make me rich. I loaded up on Friday, and seeing that it targets boomers very effectively (as opposed to the GME-exhausted millenials and zoomers) make me hopeful that this will be a successful 2-3x PnD. Timing the top will be extremely tricky tho.

>>27184027
Don't do this anon, you can't time a downturn. Sell when major stocks see weeks of negatives. It won't happen overnight. Buying non-cyclicals sounds like a good-enough play, but be prepared for money leaving the stock market itself altogether, and _everything_ will drop.

Remember Peter Lynch's eternal quote: "People lost a lot of money in recessions, but way more people lost way more money trying to predict the recession".

>>27183843
Best thing to come out of Finland since... er.. I dunno.

>>27183843
Rude and false. Please kys

>>27183912
Thanks

>>27184031
Thank you. I got in before it was heavily shilled on /smg/. My average is around 7 dollars. I did some DD and thought infosec and EV tech market looks promising. Probably it was a retarded pick but now I'm just wondering. Maybe get out now? Feels bad

>>27181884
>reddit will unironically stay and smg might need a new board.
Sadly this is most likely true

Any of you investing long term in any interesting ETFs?

>>27184475
Not really. You just have to say nigger and dilate enough times and they will get annoyed and go the fuck back to their echo chambers.

>>27184587
I'm deep in ARKG because I have a foot in the development of crispr tech

>>27184587
Can't get ETF's as I'm Bri'ish, but I have most of my portfolio in the Ballie Gifford American fund.

>>27184925
If you're on IB, you can loophole this and just buy and excercise calls.

>>27184587
Depends what you consider interesting.
ARK funds, of course.
Semiconductors (S.MH), clean energy (ICLN) and China (CXSE).

>>27184027
>Asset prices falling
'no'

>>27183843
Btw I don't see you contributing to a comfy /smg/ experience here. The quality of your posts is rather low. Why don't you go back to your fucking crypto boards and continue to shill some shitcoins to likeminded frog posters, kys faggot

>>27185036
Thanks, didn't know this. I have been planning to move over for a while.
>>27185173
Don't push it fren. That is majorly not comfy.

>>27184819
unfortunately this is what we must do to purge the reddit niggerfaggots. Just say in every thread till they leave

>>27185173
I don't feed niggers who can't even do a basic google search any breadcrumbs. The sooner you leave, the better.

>>27185121
Just how vertical can they make the line go.

>>27185173
>>27185396
Now this is the unfriendliness I'm talking about. This is what I'm here for and this is what shakes idiot redditors off this board.
Although it's a bit tame for my taste yet.

>>27184422
>>27185173
mad newfag mad xD
go back

>>27185396
What are you even talking about?

>>27179996
Has anyone had results listing finds on ebay bought from car boot sales?

>>27185791
>>27185396
I gave him the benefit of the doubt and now I feel bad.

>>27185804
>xD

>>27185076
I'm curious, would you consider SM.H as a better hold over something like SOXL in regards to the semiconductor sector?

>>27185804
ironic shitposting is still shitposting tho

do I just capitulate to /pmg/ and buy a 1kg Silverbar? They're about €1k

>>27186160
just buy NAK

and NOK too actually

>>27185076
Have some regular stock like TSM already so I wanted to go for something different, interesting to see ICLN, a friend is in already and he made some nice gains so far.
CXSE looks good, I'll look it up a bit more, thanks.

>>27186160
If you're ready to spend that much, sure. I think coins are better because they're easier to liquidate.

>>27185804
>>27185396
This is some bullshit seriously. I keep seeing some faggots like you in these /cmg/s acting like "oldfags". I'm trying to discuss something here. The only thing you're contributing is the promotion of some pathetic idea of yourselves.
>1 post by this ID

>>27186160
I think that's a pretty cool thing to just have, not sure I'd ever want to sell it.

>>27186160
It's extremely speculative at this point. Fuck my country for not exempting silver bars from VAT.

>>27186495
And this is extremely retarded for several reasons.

>>27186882
What the fuck did you just fucking say about me, you little bitch? I’ll have you know I graduated top of my class in Harvard Business School, and I’ve been involved in numerous leveraged buyouts, and I have over 300 million invested in my Cayman Islands bank account alone. I am trained in portfolio management and I’m the top short seller in the entire US market. You are nothing to me but just another piggy bank. I will wipe the value of your assets the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of accountants across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your Roth IRA. You’re fucking over, kid. I can be anywhere, anytime, and I can make you broke in over seven hundred ways, and that’s just if I stick to stocks. Not only am I extensively trained in equity markets, but I have access to the entire arsenal of the Securities and Exchange Commission and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn’t, you didn’t, and now you’re paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You’re fucking done, kiddo. theres many of us.

>>27185121
>asset prices falling
Of course not, inflation is a bitch, but stock over-valuation yes. This is why I'm moving into precious metals.

>>27186569
>>27186723
Maybe I'll buy ten 100g ones kek

>>27186882
>VAT
yeah I have to pay 25% vat on buying physical silver. But I'll probably buy one 100g bar just to keep around. Might check into Physical Gold EFTs

>>27186495
>NAK
I'm not so sure about this

Hi guys. I hope you are all well. I am very sad. But when I'm making money it's easier to not think about her.

>>27187241
Where would you keep it? Arguably you probably want to start thinking about putting a safe in.

im getting murdered in the rest of the market. not been a comfy 10 days, down alot

>>27187399
she's not worth shit

>>27185990
SOXL is leveraged, so it's an apple to oranges comparison.
The more appropriate comparison would be SOXX, and the two are very close in term of performance, TER, etc. Personally, I prefer S.MH because it determines its holdings by market cap - hence TSM is the largest holding, instead of INTC.
But I don't think there is going to be a meaningful difference in terms of returns in the long run.

>>27186532
>interesting to see ICLN, a friend is in already and he made some nice gains so far.
There's a variety of alternatives like TAN (only solar) or PBD. Especially the comparison with the latter is pretty difficult -- PBD is way less concentrated but also has a pretty significantly higher TER. I'm still not sure if ICLN was the correct choice desu.

>CXSE looks good, I'll look it up a bit more, thanks.
I think it's the best performing broad China ETF, excluding more specialized ones like CHIQ or KWEB.

>>27187435
In a drawer next to my 5SEK coins from 1972 lol

>>27187435
>>27187915
or if I end up buying more over time I could use my brothers gunsafe.

Is buying a house with some land and a spring a good investment? In my head it’s the only truly solid thing to dump money into since you don’t need to find someone else who wants to buy it from you for it to provide security but I had batshit insane prepper neighbors and I always need to double check when I start thinking like them because half the time they’d be right and the other half they’d make alex jones look like mr rogers

>>27188319
>>27187915
Never browsed /pmg/ so don't know what they'd recommend but it's just something I'd be cautious with as they could go missing easily.
>>27188420
Do you have your own place now? You're always going to need somewhere to live, and God's not making any more land. People always say the housing market is a bubble but I can't see it going anywhere but up, unless we have some kind of mass extinction event.

>>27188697
I rent now but finally got 60k put away for a down payment and both me and my wife have stable ok paying jobs (about 70k a year combined). I have some stocks but I didn’t invest most of it because I feel like there’s gotta be s correction after all the stuff this last few years and I didn’t want to get in right before it went down.

>>27187241
PSLV, run by billionaire silverchad Sprott, if you want an exchange traded fund that actually holds physical metal

>>27188910
I'd say go for it, interest rates are as low as they're going to get and they're going to stay that way for a while. We just bought a new house and got 1.1% for 5 years. Rent is just dead money.

>>27188951
It will also force COMEX deliveries and shortages just like buying buillons would.

>>27189289
Alright. One of the brokers of all people we talked to said it might be good to wait because “prices are gonna go down” but unless they go down 12k a year it’s just burned rent i guess.
Caught me off guard because all the other brokers were obviously very enthusiastic about moving quick for the reasons you mentioned. I don’g plan on flipping the house since I grew up in one home from birth to college so the idea of constantly selling for profit and moving every few years seems bizarre but everyone else in our families does it and thinks we’re weird for planning on buying and staying.

>>27189289
Don't forget that getting a mortgage is basically shorting the USD, which is a really good idea right about now.

>>27189617
I don't know about the market in the US but here in the UK I think the trend is largely upwards, got no reason to think it wouldn't be the same there. Even if it were to dip what does it matter if you're going to spend 30 years living there?

>>27189712
I honestly can't see interest rates being raised for 5-10 years. Would not surprise me if we come to the end of our 1.1% deal and lock in another sub 2% rate for 5 years.

>>27188951
>>27189523
I see. I'll probably look into something similar except in EU.
EU b& buying ETFs from USA and Canada in 2018.

WisdomTree Physical Silver ETC
seems alright I guess. 0.49% fee or whatever it's called.

>>27189795
There is a slight local bubble from people fleeing san francisco but now that the rain started and all the roads fell into the ocean and the internet is failing I think most of them are leaving. For a whike every habitable house was getting instantly bought for 10-20% above asking by outsiders who thought the entire ca coastline was like LA and didn’t understand what “temperate rainforest surrounded by mountains” meant

>>27190108
Yeah, I bought PHAG too. Their auditing looks legit, and it also sounds funny.

what's a good place to buy stocks and crypto now that Robinhood is infested?

>>27190571
There isn't a single platform for that right now. Maybe interactive broker? Not sure about them. But Fidelity and thinkorswim.

>>27190392
Put an order in for ~ €1000
we'll see come monday

where do you guys check current prices for commodities and metals etc?

>>27190571
I have never used a broker that offers commission free trades. Never have, never will, simple as.

>>27179996
zero

>>27186495
pebble project ?? ;~()

>>27190809
>>27190972
well how about just stocks then? I really wanna avoid the norm shit as much as I possibly can

>>27188951
Just looked at Sproutt. Very interesting.
Especially Gold & Silver (CER) seems interesting. And Platinum & Palladium (SPPP), though I'm not sure what these more unusual precious metals offer as opposed to Gold & Silver.

Finally smg proper is calming down, so no need for cmg for today.

Thanks for participating.

Hey friends, sorry for the trip I have to test it. Fuck CLF, look at the value of steel futures on 1/11/21 when they peaked and compared it to today if you wonder why the stock only falls.

>>27193510
It's punishment for tranny being so retarded