/biz/ - Business & Finance

How much do you have?

What are your knowledge and expertise?

>>495625
as for money I can say that I have have 5grand and can have up to 15grand by the time I finish unversity
no real knowledge or expertise
dad fucked up in the stock market- got hit with the crash and we're doing alright but it still hurt- I just want to be safe and generate something
I figured /biz/ was the place to seek help or advice for an novice looking to start

>>495631
OK, $5000 is decent to start with stocks and funds.

If you wish to invest in stocks, read "The Intelligent Investor" by Ben Graham (that's a classic book). Stocks can earn much, but you have to be good at it, and there's always some risk.

The simpler, safest way to invest is the three fund portfolio method (i.e. investing in three specific index funds, Vanguard ones for example). Google "three fund portfolio" and you'll have more details.

Then the most important thing is discipline - saving every month without exception, living below your means, avoiding panic sells, etc.

You can become a millionaire in less than 15 or 20 years, without any kind of effort, with this method.

>>495621
Also, if you have no expertise in a given field, you should not think about starting a company in said field.

>>495646
Thanks for the help
I'll be sure to read it- and google it
>>495649
Yeah, I can see how that's pretty foolish

is /biz/ always this quiet or is everyone busy making money?

>>495659
/biz/ is one of the slowest boards of 4chan.

We're probably 80% desperate NEETs and 20% real investors and businessmen, with one or two guys having more than $10,000,000.

>>495669
woah
didn't know
well still I appreciate the advice/help
nice to know some people know what they're doing

>>495646
When you say be good at it
you mean research, and be savy with your money dont make undue risks and the like?
Is it simply practice and reading that will get you to that point?

Read The Richest Man in Babylon. Basic shit for amassing shekels.

Buy into icecream now. sell them in summer?

Am I doing right?

>>495788
please

>>495788
metaphorically, yes.

literally? no.


>>495621
I don't get the comic pls explain.

>>495899
He was going to ask veronica on a date
but since he saw her with another guy
he figured why not treat his freind to a night out instead of this girl
a real bro

>>495621
Try your hardest to acquire assets and you should be fine.

>>495621
Get a nice paying job and invest everything in mutual funds , before investing you should look for an emergency fund . Start early , get those compund interests rolling .

it's going to sound dumb
but is there a "safe" relatively quick way to generate money- say (in) about 5years?[or less if possible]
not this 20+ years

>>495983
get a job

>>495986
I have one
a part time one
I make a decent amount ~10grand per year
I was hoping to use that money and generate more faster- stocks seems to be the only way but I am looking for others as well

>>495988
10 grand is nowhere near decent

>>495991
I'm in uni and I can afford my education, public transportation and books

I think I'm doing alright

>>495988
>10 grand a year
>decent

>>495669
>/biz/ is one of the slowest boards of 4chan.
bull fucking shit.

>>495902
>he figured why not treat his freind to a night out instead of this girl
yeah i get that but I dont get the last panel. what's with stealing the plates, is he a jew?

>>495999
for a student! it's closer to 15 but tax on it brings it down to 13
look I'm simply looking for a bit of help and advice
at least I have a job and have no debt-I'm not loaded like my mates whose parents pay for them for everything

>>496001
>stealing plates
he's taking one to use in the buffet...

>>495729
Yes, be savvy, have some discipline, know what you're doing (Ben Graham will help) and you'll do better than many retail "investors".
Now, if you have a good eye, it can be even more profitable.

>>496001
Even /lit/ is faster than /biz/.