/biz/ - Business & Finance

>>55213177
Nothing is worse than being a wagecuck in some shitty apartment where u hear nearly everything and place smells like shit/weed

>>55213188
Friend, even if I continue doing what im doing now i will only have $16,000 in the bank at the end of the year and $2,000 in some random 401k i had open a year ago

its absolutely doomed

>>55213177
>>55213198
you need to take risks if you want to get out of your shitty position, what risks you take is upon you to decide.

>>55213198
Maybe we'll get lucky and the entire economy will implode before the end of the year.

>>55213210
yeah, I do need to take some kind of risk

>>55213177
look you either wageslave, become an ''entrepreneur'' ie a whore on youtube, or start daytrading or inherit money thru rich parents or welfare

open a free account on tradingview and paper-trade for 6months the sp500 future. just 2 points means you earn 200usd.day with 2 lots, it's doable just by putting moving averages 20, 50, 200 and some rsi or stochastics and start trading 1hr before the newyork open.... Open an account to a cheap broker like ninjatrader or optimus future, margin for 1 lot for sp500 is 500usd. The problem is that people want more than 200usd/day and they start fucking up.

actually tradingview says you need their paid plan to paper trade the futures, so just use the cdf ''us500'' from oanda or peperstone as an equivalent for the demo account

you have to take trading seriously and you have to kill your greed and yo have to take partial profit all the time and you have to do 6months of demo and 6 months on micro-lots to gain lots of experience. That's the secret to trading.

>>55213198
If you are not smart, then you'll have to work hard. If you are climbing the uneducated ladder, then do this:
>work hard. Kiss ass.
1. Get promoted to be a supervisor (you probably only get paid $1 more)
>2 years later
2a. Ask your company that you want to be trained to be a store manager.
2b. Go apply to another company for a similar position that has a clear pathway for you to be a manager like Chick-fil-A or Costco.

>>55213177
Man I was the same, I’d just recommend dcaing into eth btc, don’t care about the rest and you’ll get out of it eventually.

here is the typical tutorial for trading with EMA
https://youtu.be/EfA4o5EnvuY

for oscillators it is just the usual divergences.

>>55213177
I save 10k a month and still feel like shit

$1k a month is nothing to be upset about. You're depressed and unfulfilled for other reasons

If you're renting live in your car, stop being a bitch son

>>55213177
Saving a thousand dollars a month is pretty good. You could pay down an apartment for those moneys

>>55213177
life can be worse, I still have to put up with my alcoholic roomie and see how most of the time he spent the rent money on anything that makes his head spin, thanks to him I'm using REBATE as an escape plan

>>55213177
Suck here granny clit.

>>55213488
If you're an able-bodied man, you can survive living in a car with a gym membership for a few years

>>55213198
I’m in similar shoes but a few years past your point.

Saving 2000 a month

HYSA has 25k
Brokerage has 40k
Retirement has 50k
Checking has 4-5k

Zero debt

I see such slow progress but it’s there. I am stuck because of cheap rent and buying a house would make me paycheck to paycheck. So I continue to save and hope compound interest does something

>>55215405
I couldn’t pass the driving test THOUGH.

>>55213257
wageslave here, shud I make acc on IB and start daytrading using small sums?

>>55213177
>$6,000 in the bank, saving $1000 a month

Sounds like your net worth is growing by 16.6% a month, and you're on track for your wealth to increase by 300% over the next year (assuming you don't put it in an ETF or stocks that grow it even further.)
What exactly is the issue here?

>>55215459
>>55213257
Day trading is hard/grinding work with little reward because it doesn’t scale that well. You’re likely going to lose more money than you’re comfortable with. Even if you make a lot of money on a trade here or there, you have to use a different strategy for entering/exiting if you want to make larger trades. That’s why all the “best traders” end up selling a course/selling access to their groups. You make a lot more guaranteed income doing that than you ever would have doing trading alone. In the end if you sell a course to 500 suckers, what difference does it make if it actually works or not

>>55216254
OP is humble bragging a lil bit , just a lil bit.

>>55213198
Hey, friend, I am in the exact same spot. I can only save 20k a yr max. That's half my income pretax luckily I have a fuel efficient car that's paid off fully.

Here's a secret: swear off credit, take no interest bearing loans, ever.

>>55213461
True, this.

>>55216254
He fell for the meme that everyone on /biz/ is a 6 foot gigachad with $2M in the bank and anything less is poorfag.
$1000 isn't enough to break out of wageslavery but almost none do that because by design its almost impossible. Plenty of people think they will retire by 30 or 35 yet I know exactly 0 people who managed to do that .

>>55213461
Not OP but I’m in the same financial situation. What if I’m depressed because I want the money so I can wake up every day and just program / play guitar instead of having to break my back just for the potential of having a decent paying job that offers me enough work life balance to do other things (like hobby programming and music) on the side?

>>55213177
>I live with an insufferable old lady
Used to be me for around 10 years.
Finally having a place to myself is incredible.
Their misery radiates like nuclear waste and gets us psychologically sick.

>>55213177
>keeps cash in the bank
Put that money into altria, they just acquired vaping brand NJOY and should increase their dividend next payout. 8.5% dividend yield rn. Your problem is saving money and not making it work for you. Invest in a safe dividend aristocrat. I say keep 1000 in the bank put 5000 into altria, 5000/45(current share price) = 111 shares paying .94 every 3 months = 104.34 every 3 months. Trust me its going to feel super smug getting your first dividend check.

>>55213177
I have 10k$ and all i do is spend it on weed, fml

>>55213177
>Life is hell.
Only true when you're a wagefag.
But you can still do your expenses via CryptMi card to backup your little savings with the rewards there especially McDonald's shopping.

>went back to law school and have only acquired debt for the past 3 years

just gotta remember that its an invest in myself and it will pay off..

>>55213177
$CROOGE can fix this.

>>55213177
You've got enough money to take a gamble on something.

Buy a prawn boat, go to a storage container auction, or just put it down on a one way ticket to Africa so you can buy black market diamonds. If I were you I'd start an LLC then take out some business loans. Easy way to triple the money you have to gamble with, and worst case scenario you declare bankruptcy.

Because you'll never escape poverty by simply saving money. You can save at this rate for the next ten years and you'll have about 100k, that's barely enough to put a down payment on a house. Might as well go big and hope for the best.

>>55216254
I like this perspective

>>55218025
/biz/ is anonymous, and humans love to lie, I would always urge anyone who visits this board to consider the people they know in the real world, think about how much money they have, and I mean actual money, not the value of their house. 57% of Americans have less than $1000. /biz/ is not special, or specifically selecting for high net worth individuals, the only thing it does have is the ability to lie.

>>55213177
$1000 a month is quite enough to properly invest OP, I think you're sorta acting like a faggot.
DCA & hodl a bag you *actually* believe in and be patient, good luck.

>>55213177
Anon you can generate passive income with that money

Your not homeless like alot of military veterans SHUT THE FUCK UP MOTIVATE YOURSELF SEEK JESUS CHRIST

>>55213177
And what do you want from me? A pat on the back?

>>55213177
Life changing gains can be made by making consistently good trades

>>55213299
Pretty much this. I would highly recommend adding AVAX to your portfolio as well.

>>55213177
At least your shitcoin is not gonna be delisted from chinance kek (Yes I'm talking about POND)

>>55225280
>He fell for the absolute state of nigger pajeet shitcoin
Fucking kek

>>55225280
you couldn't be more pathetic kek

I do better than OP and I still want to off myself everyday.

>>55223045
For you to stop shilling your piece of shit in here

>>55225280
It was an evident vaporwave since the beginning anon wtf

>>55225280
can't believe those guys are still renewing contract with you guys lol

>>55213177

You're doing alright OP.

>>55213177
>I have $6,000 in the bank
the bank own you 6k. you have nothing....but continue....sorry for my interuption

>>55213177
Yeah I do understand, have 16k on the bank, getting back 2k from taxes, because I bought a house, but going to buy a shiny new car, so next month most likely have about 11k, but I have my house. It took my 10 years of hard work to save up 80k plus some money from my parents to finally be able to buy a house. For people saying OP is doing well, yes, but it's going to take him years to buy a house.

>>55217009
8.5 dividend is pretty much unsustainable. The amount of companies that have been able to issue a dividend that high for long periods of time is practically zero. In enough time you will watch there stock cut in half wiping out gains

>>55213177
So... you only worked 6 months and now you're complaining? I think you sound more insufferable than your mom desu

>>55213177
Whether this is pathetic depends on how old you are. If under 25 you’re fine, although I wouldn’t want to live with an old lady. If not then you need to reevaluate what you’re doing and take some risks as others have said, whether its investing or school/training to raise your earning potential.

I've felt what you felt. It helps to remember you'll be dead soon.

>>55223143
I don't know anon, not every user is good with trades and so, more means of income need to be exploited. For me its staking stablecoins on Convex and I'm also waiting for same on nfts like Cloudbreaker this year.

>>55213177
Sounds pretty comfy honestly. Someday you'll look back with good memories.

>>55213177
>insufferable old lady in her big house

i read this as insufferable big lady in her old house lol