Small Questions Thread

[Anonymous No.819620]

Most questions in this board don't deserve their own thread. Post them here. I'm not a financial genius, just a last year engineering student, but I can help with basic questions (>70% of the board).
Get answers and help me break my karma collector, /biz/.

[Anonymous No.819643]

I'll start by answering the most common questions on /biz/.

>Hey, /bizz/, I have $47.53, how do I turn it into $10k?
In order to 'turn' a ridiculously low amount into a ridiculously big amount you would need to wait a long time. Why do people comment on pocket change when asking about how to get large sums of money? I have no clue.

>hi biz, how do i maek money?
There is a very exotic, but sure fire, way of earning income. Get a job.

>alright guys lets talk binary option I know what it is I did my research but how can I get off the ground and actually go do it?
>>819414

If you had done any research you would know by now that binary options are no different from playing roulette. If you still want to gamble, do so, but don't try to disguise it as 'investing'. It soils its name and will make it harder to recover from your addiction.

>Something, something, Bitcoin, something, something, dark side, something, complete.
If you are buying a highly volatile currency, you must be expecting a proportionally higher return. Given the volatility of Bitcoin, people buying and holding must be expecting a huuuuge return on investment. They're betting Bitcoin will soar like a motherfucker. Why would you make such a risky bet? Again, go to the casino to scratch your money burning itch, calm down and make sensible investments when you are through with it.

>Which stock should I buy?
Why would you buy a single stock type? Buy and index fund with low TER that has ~1k companies' shares from all over the world. Can't beat that diversification.

><unspeakably stupid questions, remarks and flawed reasoning>
Looking at people like:
>>817163

[Anonymous No.819648]

>>819643
It gets worse.


>Is it a good idea to quit my job and start day trading? I hate my job and trading has gotten addictive.
>>818626
Should you quit your job to devote all your time to your money consuming gambling addiction? No. But, hey, what do I know? I'm just a regular guy without compulsions or a history of abuse!

Throw your questions in. Get answers from myself or any other poster with some insight.

[Anonymous No.819657]

I have knowledge of Web design and SEO, I would like to build a site for monetization. Everyone says 'find a niche'

What the fuck do you actually do with said niche? Am I supposed to build an e-commerce site? Am I supposed to make a blog about said niche and get adsense money? How can I turn my Web and SEO skills into a solo passive income? I'm confident in my ability to rank sites on Google, I don't know how to monetize that by myself. I'm tired of doing SEO for clients.

[Anonymous No.819669]

>>819657
do all of that. seriously do it all at the same time.

>find niche
>could be anything even something like cat litter
>set up a blog
>set up amazon affiliate account
>write comparisons and reviews
>sell cat litter through affiliate links
>set up adsense
>drive traffic
>lease advertising
>approach cat litter makers with you site rankings and data and negotiate getting paid to write review and sell their product over the others
>find a copacker or manufacturer of cat litter and create your own brand

you are now king of cat litter.

then you

[Anonymous No.819685]

>>819669
Sounds like it better be a niche you care about...

[Anonymous No.820129]

Retard here, I've always been a little confused about the role of the stock market.

A stock is a piece of ownership, or equity, to a company. This equity can pay out dividends to it's shareholders.

My question is how does the value of the company in the stock market benefit the company? Other than the initial action of selling more stock, isn't the exchanging of stock between third parties?

[Anonymous No.820160]

can a company go into bankruptcy completely out of the blue with no prior warning so that the stock loses all of its value? or is it going to be a slow decline before it happens where you can sell the stock for say 50% of its original value? i mean, surprising news can come out about an acquisition or a deal or something that suddenly makes the value change significantly, but can a bankruptcy be one of those news?

[Anonymous No.820168]

also do you think the value of this stock follows the bubble pattern? should i expect it to come crashing down sooner or later?

[Anonymous No.820182]

>>820160
>>820168
OP here. I can't offer advice on individual stocks. You can spend your life worrying about individual stocks, or you can index.

The biggest holding on my index fund is apple, which is ~2%. If tomorrow Apple disappears from the face of the Earth and its stock suddenly ebbs to ~0.00, I would lose overnight that 2% of my portfolio.

Now I ask you. Is it worth trying your luck with stock picking and worrying about this or that company? Passive investing stops being passive when you spend your days worrying and troubling yourself with the kind of questions you ask.

Questions that have no good answer, as nobody can predict the future. Of course, plenty of financial witch doctors will tell you otherwise.

[Anonymous No.820200]

>>820182
well i'm not sold on index funds, especially with the fees and the leeching effect those have over time. as you can see in the graph this stock is quite a bit more interesting than the index... for me, investing doesn't have to be passive. i don't mind checking my stocks every day (in fact i think it's a bit boring when nothing happens) and sometimes i day trade and make an easy couple hundred bucks over the day. yes i'm aware that this is risky but there's a reward to go along with it. different strokes for different folks i guess.

[Anonymous No.820203]

>>820200
You can avoid that by picking a very low TER index fund. It's impossible for a retail investor to replicate an index fund without incurring in higher costs. Hell, I use a discount broker and to buy ~1k different shares I would have to drop a sizeable amount in brokerage fees.

>i don't mind checking my stocks every day
Neither do I. I made a custom app for that and I track my portfolio in real time through Conky. Can't argue with that point.

>in fact i think it's a bit boring when nothing happens
I would advise you to decouple your investment and entertainment needs. It can lead to unwise or exceedingly risky policies, such as day trading. It's not sustainable in the long run. However, if you opt for it, I wish you all the luck, as it's all that matters there.

[Anonymous No.820212]

I recommend reading the following list. Is a long enumeration of mental pitfalls that make us give ourselves the shaft on a daily basis.

https://en.wikipedia.org/wiki/List_of_cognitive_biases

[Anonymous No.820243]

I'm new to finance, I just got a credit card at age 19. I've spent $60 dollars with it and I want to pay it back using wells fargo online. I've got the money in my checking account, I just don't really know how to pay it back.

I know paying back credit gets you more credit and the better credit you have the better financially you are, so I'm attempting to build credit, but I really have no idea what I'm doing.

[Anonymous No.820251]

Is there any point in trying to wait for the dips of index funds. VTI is at a yearlong high. It's got to dip sometime, right? Or am I just being stupid.

[Anonymous No.820308]

>>820243
> better credit you have the better financially you are
That's a terrible merit figure for financial soundness. I never owned a credit card, and never will. Does that say something about my financial status? A good indicator of financial well being is your net worth grow rate.

On the other hand, I cannot offer you any advice on how to pay back your credit. I can only advise you to pay it fully each month and try credit card churning (because you're from the US, right?) to take advantage of the system.

>>820251
No, you're not being silly. It's a very common and sensible question. If our return on investment depends of the share purchase price and the current price, why indeed not wait until a big crash to happen?

Here's the catch. We have no idea when the next will come, how strong will it be, and we suck at timing the bottom.

We could wait for it, but if the crash comes late enough, it might bottom at a price higher than the current one. Then, we would have missed all the dividends for nothing.

It's tempting to buy shares at a discount during crashes, and I encourage everyone to do so*, but if you wait you are missing potential growth and dividends for sure.

To invest your money as soon as you get your hands on it is a good rule of thumb.

I waited to the Friday before the Greek referendum for maximum fear, now it's at 40.05 (from the back then 38.46), but that was a gamble. Even if they voted 'no', they got a deal. If they hadn't it could have kept falling.

tl;dr
Don't wait! You'll miss the delicious dividends, and the next crash could be decades away!

[Anonymous No.820309]

>>820308
I'm op, btw. Sorry for the seven proxies.

[Anonymous No.820375]

>>820203
Can you further explain the benefits of picking "a very low ter index fund"?

[Anonymous No.820380]

How soon should I start an llc. I've gotten into a business that's pretty niche and was able to take $800 and and about two months of time and make $25k. The problem is I have an opportunity to to it once again but this flip will be for closer to $2 million. It's just me right now but if the second deal goes through I'll need help. When should I worry about getting llc

[Anonymous No.820404]

>>820380
Can't help with that. It's totally outside my area of expertise.

>>820375
With pleasure.
You can't control market returns, but you can control, at some extent, costs. If you keep the costs low your return on investment will be higher. When choosing an index fund, once you've picked the index to be tracked (S&P500, NASDAQ, Russell 2000, etc), go for the one with the lowest Total Expense Ratio (TER). The lower the costs, the less you'll be charged from your return and the higher your gains.

[Anonymous No.820405]

>>820375
I just realised that you were not only asking about the 'very low TER' part.

The benefits of index funds is that offer great diversification and low cost (as opposed to actively managed funds, that, btw, consistently underperform index funds in the long run).

Diversification is important. There's nothing sadder than see a company flop and people screaming in despair because >10% of their portfolio was in that single company. You can do that, but there are better options and when X company flops, you'll have no one to blame but yourself.

Hope it helps.

[Anonymous No.820407]

>>820404
Seem to know a lot about this sort of stuff, do you have a personal book recommendation to build a general knowledge of this stuff? Its rather daunting to sort through the thousands and thousands of stock books figuring out which is horse shit and which isnt.

[Anonymous No.820412]

>>820405
Ye thats what I am realizing at this point, active day trading and all that seems like it could be fun as a side thing. But with my real money it seems diversification and index funds are the best and safest ways to go.

[Anonymous No.820428]

>>820407
>>820412
I understand your reluctance. There's way too much noise out there, so it's hard to understand even simple concepts.

Some resources I recommend:

Books
The little book of Common Sense Investing, by John C. Bogle (the father of index investing).
It mercilessly bashes actively managed index funds. If you're still unconvinced about index funds, read it. It's not that long and very insightful. It proves that actively managed funds are horse shit.
>Still too long.
Then watch "How to win the loser's game". It's a brutal parade of Nobel Economy laureates (and John Bogle himself) that obliterate the actively managed funds myth.

If you want a book that covers all aspects of investing, go for 'The Bogleheads guide to investing'. There's a summary at the end. Read that first to get a gist of the general philosophy.

If you don't want books and want to do your research online, Bogleheads have a wiki.
http://www.bogleheads.org/wiki/Getting_started

Other websites I suggest visiting are:
http://mrmoneymustache.com/
http://jlcollinsnh.com/
Their advice is in line with what I've said.

I might be biased, but reality seems to support my claim that index funds are better than anything out there, despite the buttcoin fags say.

>But anon, index funds were created on 1976, almost 40 years ago... Why then other investment options exist if index funds are so superior?

Fair question. Why does Windows, organised religion and actively managed funds do still exist despite existing cheaper and better alternatives to all of them? Mainly, organisations pushing their products into a clueless majority and the fact that people generally like to be deluded.

Enjoy your stay. I hope I was helpful to you in some way.

[Anonymous No.820447]

>>820428
See that was really my block to getting into stocks, sorting through everything but it seems with all the info you gave me i can finally sort through it all. And I will def read "how to win a losers game" because to me that's half my confusion, so reading about a bunch people talk about why its bad will give me some insight. A lot of people I meet now days, they think there has to be something wrong with the tried and tested ways of actually making bank. They need that "instant recipe for money" so they will immediately discount any viable long game effort as tom foolery. I understand the long game, and i understand the need for diversification. By the looks of it i will definitely be doing index funds with money i might be making soon. But I will still have to put some time into reading all that info. Much thanks!

[Anonymous No.820448]

What's a good resource to learn the very basics of stocks? Like terminology, what all the pretty colored lines and dots mean, and how to look at charts and quarters and tell whether their positive or not?

[Anonymous No.820450]

>>820447
I'm glad to hear that. Totally agree with you in that. People are just looking for easy and quick money. Since that doesn't exist, they keep looking forever and forgo the actually good strategies.

One more thing. "How to win the loser's game" is a documentary, not a book. It's only 80 minutes. Best of luck! Hopefully, you won't need any.
http://www.youtube.com/watch?v=SwkjqGd8NC4

[Anonymous No.820452]

>>820448
Try investopedia. It's so huge that you surely will find something.
e.g.
http://www.investopedia.com/university/

[Anonymous No.820738]

>>820129
If the company issues out new stock, they will want its price to be as high as possible to make as much money.

But the primary reason is because of the board members of the company. Board members are huge stake holders in companies so as the value of stock increases, so does their wealth. Board members choose who the CEO is and if the CEO doesn't increase their wealth, they get fired. So increasing the value of stock is usually the primary goal of CEOs, even more important than turning a profit (but these 2 goal go hand-in-hand most of the time)

[Anonymous No.820773]

>>820738
So essentially, it's a form of currency whose value is determined by public opinion of the company it's representing?

[Anonymous No.820797]

>>819620
Please show me some math hacks for multiplying, subtracting and percentages in your head quickly.

[Anonymous No.820807]

>>820797
Percentages just mean you divide by 100 afterward. All quickmath tricks are applicable.

[Anonymous No.820814]

>>820773
That's a stupid way to put it, but at the most basic form yes that's what it is. Whatever people are willing to pay for it.

[Anonymous No.820815]

>>820807
can you give an example

1) 33 is what percent of 37?

2) It went from 56 to 45, which is a ____ percent decrease

3) So we have to decrease our costs by 33% from $8 million per year


what are the quick math hacks you use in your head to solve these problems

[Anonymous No.820828]

>>820815
1) you approximate, so it would be around 85%
2) approximate retard
3) approximate again... wtf is wrong with you

2.5*3 is easy but not close enough so you add .15*3 which is 0.45 so you're at 7.95 add another 0.01*3 and you get 7.98

That is my thought process and it took me like 3 seconds

2.66 million

[Anonymous No.820834]

>>819620
I'm a complete noob. Suggest me some basic books, or an online finance/investing 101 site? Seriously, even most of the very basic terminology floors me.

[Anonymous No.820844]

>>820828
but what are the steps you take to do that math in your head? Show me the steps

I worked at a hedge fund with a bunch of Ivy League kids who were doing this math in their head accurately. I had no idea how they were doing it so quickly (and they weren't approximating)

[Anonymous No.820848]

>>820844
Well you do the approximation and then keep doing it until you get close enough. If I kept going you just keep adding 1's because the correct answer is just 2.6666666666666

I told you the steps. You start with simple numbers and then work closer and closer.

It's a combination of practice and inherent intelligence. Ultimately it's a useless skill beyond saving yourself a few seconds of time inputting it into a calculator. Unless you're doing calculations like trading stocks that need to be done within seconds it will be of no use to anyone whatsoever.

[Anonymous No.820862]

>>820834
I see you already answered both those questions. Ignore me.

[Anonymous No.820877]

>>819620
Serious question. I know the secret to getting rich is to make more than you spend, and I see a lot of people talking about the 'make more' part of that equation. I'm good at living within my means, but I'm not sure how to go about increasing my income, any resources y'all would recommend in that regard?

I'm 28 year old wageslave with an engineering degree, a house in Lombok, and a smallish portfolio, in case it matters.

[iHaz !MILLiOnz/Q No.820878]

>>820160
>can a company go into bankruptcy completely out of the blue with no prior warning so that the stock loses all of its value?
Yes.

While it is often the case that a public company's financial troubles are evident in the trending price of the stock (along with many other indicators), there is no guarantee that shareholders will get any warning or indication of an impending bankruptcy filing. In fact, in the case of Chapter 11 reorganizations (the most common filing for public companies), the company will make diligent efforts to keep an impending filing secret from the public, so that it has time to prepare and hopefully negotiate a smooth transition into the restructuring process.

In addition, many factors can affect the timing of a bankruptcy filing that may make it impossible for any warning to be seen. First, a bankruptcy filing may be involuntary, i.e., one initiated by creditors. While rare among large public companies, it can happen.

Second, the company may seek bankruptcy as an emergency measure in response to external events. Things like an unfavorable court ruling, adverse regulatory action, and imminent litigation threats may cause a company to pull the trigger as a defensive measure.

Is this fair? Well, your opinion may be different, but the law says a shareholder has no right to advance warning of a company's major actions. This is particularly true in the case of a bankruptcy, because an insolvent company likely does not even owe fiduciary duties to its shareholders

>tl;dr ... see first line

[Anonymous No.820879]

>>820815
If you want quick math tricks the best is to convert your fractions like 33/37 to denominators you know already, e.g. 33/37=99/111~10/11 which you can then reason must be close to but above .9. Similarly for your 56 and 45, just double these numbers to get a ball park, so 112 to 90 is about a 20% decrease. For your third one, you know 33% of 9 is 3, so 33% of 8 will be a bit below, but you shouldn't need to estimate here, you know 8 = 3*(2+2/3) so 8/3=(2+2/3).

[Anonymous No.820880]

>>820815

1) 33 / 37 = .89
89%

2) 45 / 56 = .80
1.00 - .80 = .20
20%

3)8m * 33 (%) = 264
264 / 100 = 2.64m

Just know your algebra and you can use whatever quickmath to fit, or just approximate like what >>820828 said.

[Anonymous No.820882]

>>820815
1) There are ten 3.7s in 37. So count forward or back in jumps of 3.7, which is 10% of the total. Luckily for us 33 is pretty much one jump away (37-3.7= 33.3), so that's 90%. Now we need to subtract 0.3, which is approximately a hundredth of 37 (i.e. a single percent). So, let's estimate 33 is 89% of 37.

Check: the actual answer is 89.19%. Close enough.

2) I'd use the same kind of logic. The figure reduced by 11. 10% would be 5.6. So a drop of 11 corresponds to *slightly* less than 20%, which would be 11.2. The 0.2 represents less than a single percent of the original amount so let's ignore it and say it's a 20% decrease.

Check: it's a 19.6% decrease.

3) Nice, 33% is basically a third. A third of 8 is two and two thirds. Subtract that from 8 and we have five and a third, or $5.33m.

Check: it's actually $5.36m. Good enough for me.

Then again, everybody has a calculator on their phone these days. If you need precision, don't estimate, use whatever tools you have to hand.

[Anonymous No.820900]

I bought the Netflix stock on July 1st.
I didn't receive the stock split. I thought I would've. All I heard was "stock split" happening on July 14th and I jumped right in.
What can I do? I placed 3 thousand dollars.

[Anonymous No.820907]

>>819620
What kind of returns would be considered acceptable when you're very young and don't have very much capital? I'm a second year university student and have a bit of money (~5k) to invest, but even with what's considered an "excellent" industry return of 10%, that's still only $500. Don't get me wrong I understand compounding interest and making contributions to it as time goes on, but all these "medium risk" returns of 5-10% seem small unless you have hundreds of thousands to invest.

[Anonymous No.820909]

>>820900
stock split affects nothing unless people are influenced by the decision and sell their shares or buy more

example: $100 divided by 20 shares is still one hundred dollars if if it was 10 shares

[Anonymous No.820918]

>>820909
I bought 4 shares for around 3000 dollars.
I still have 4 shares. but in my account it says -2500 dollars or something.
I didn't receive the stocks and my money loss from thin air.

[Anonymous No.820924]

>>820918
call your broker dumbass

[Anonymous No.820925]

>>820909
>>820918
Okay. Holy shit just called them. They told me "they haven't recieved the stocks yet but it'll be updated into the account this week."
Thank Goddness. I almost died.
I am a newbie trader here. Jesus Christ almost died.

[Anonymous No.820929]

>>820925
you don't have to tell me you're a noob trader if you're buying NFLX

[Anonymous No.820932]

>>820929
well, It got went up 17 points today.
That seems like a pretty good trade.

[Anonymous No.820950]

>>820932
yep gambling on earnings is always a great trade

[Anonymous No.820953]

Most of /biz/ seem to be interested in stocks or get rich quick schemes, I'm not. I'm trying to hustle, throw me some small business ideas and a little explanation.

[Anonymous No.820960]

>>820953
suck a million dicks for 1 dollar and you'll be a millionaire

[Anonymous No.820967]

>>820950
>yep gambling on earnings is always a great trade
Isn't that the point of all stocks?

[Anonymous No.820975]

>>820950
gambling on earnings with options is the only way to beat the market

[Anonymous No.820982]

>>820975
>>820967
if you're up 3% in 12months you have beaten the market...

[Anonymous No.820986]

>>820773
There's a true growth underlying, but there's also speculation that masks the 'actual' value of the share. Happens with every stock, but as a whole, it cancels out in the end.

>>820834
>>820862
Glad you found those useful.

>>820877
Could you ask for a raise? Or look for a better paying job. With an engineering degree you should have the upper hand.
Also, you can explore alternative ways of earning money, which is a very broad subject (from getting stuff moving neighbors leave in the street to betting against a friend's foolishness).

If you think you're good at living below your means, check other frugality info sources (Mr.MM, ER extreme, the frugal threads on biz itself, etc). You can always improve your game.

>>820967
>gambling
>the point of all stocks
No. Investing and gambling are two different things. If you can't grasp this, see this post.
>>820203
>>820428

>>820975
>gambling on earnings with options is the only way to beat the market
Everybody is so obsessed with get rich quick schemes that miss the point entirely. You don't need to beat the market to get rich. Luckily, because it takes someone like Buffet to consistently beat the market over the long run.

The moment you stop thinking about 'beating the market' or getting ridiculously high and unreal returns, you are ready to start investing with a bit of common sense, which is the best guarantee.

>>820932
One day's movements mean nothing. What it matters is the long term. Your 'noobishness' was showing in the fact that you bought a 'flavour of the month' stock. Retail investors picking stocks usually go for the companies whose name recognise easily and think (without real understanding of the company) that it will do well.

I hope I've been useful.

[Anonymous No.821045]

>>820878
interesting. thanks.

[Anonymous No.821048]

How does one market a self published book successfully? I'm selling my writer soul to make smut so I don't starve and I want to make sure I'm doin it right.

[Anonymous No.821176]

>>820982
nope. S&P 500 for instance has gone up 7.38% over the last 12 months. 3% is really lame, you should only be happy with that if you have essentially 0% risk.

[Anonymous No.821186]

>>821176
http://money.cnn.com/data/markets/sandp/

check out the thing that says year to date retard

kill yourself

[Anonymous No.821190]

>>821186

[Anonymous No.821268]

>>821176
It's 8.49%, which is perfectly acceptable for an annual rate.

[Anonymous No.821275]

>>821268
different websites say different things for whatever reason, but either way 3% in 12 months isn't enough to beat the market.

[Anonymous No.821282]

/biz/, is there any reason why i shouldn't invest in two mutual funds, namely a safe index and something highly aggressive, to satisfy my gambling itch?

[Anonymous No.821306]

>>821275
>the beating the market meme
Ok...

>>821282
>and something highly aggressive, to satisfy my gambling itch
Casinos were built to satisfy people's gambling itch and to bring wealth to the owners. My advice is: keep your addictions, compulsions and emotional impulses out of your investing life.

Actively managed funds are shit. Watch this documentary. You don't need to listen to me, but you should listen to Economy Nobel laureates.
https://www.youtube.com/watch?v=SwkjqGd8NC4

[Anonymous No.821307]

>>821306
>Ok...
you know what it means. i was just correcting >>820982

[Anonymous No.821308]

>>821307
also if you're satisfied with only getting a 3% annual return while taking on the risks of owning stocks then you're a dumb cuck

[Anonymous No.821320]

>>821308
Never said that. But using the benchmark for successful investing on 'beating the market' is dumb.

I'd rather say "a 3% annual return for stocks is laughable". You have to be careful with your word choice here, as we could confuse and mislead a lot of people.

[Anonymous No.821327]

Speculating, what would be the long-term value of a bitcoin, say 1, 10, and 100 years from now?

[Anonymous No.821334]

>>821327

[Anonymous No.821336]

>>821327
Impossible to tell. Last year people said bitcpin would top out at 2k and didn't know what was coming in the form of Mt. Gox.

[Anonymous No.821337]

>>821327
Why do you worry about the value of anything 100 years from now? We'll be all dead.

[Anonymous No.821343]

>>821327

[Anonymous No.821347]

I've had an idea for a business. Basically it would be central Melbourne accommodation that fills the void between a backpackers hostel and an actual hotel, basically I want to copy a business I stayed at while travelling overseas.
The only trouble is I have no knowledge of the accommodation business or business in general. I currently work on board a ship on a five week on, five week off roster earning between $120-$150k AUD per year and I have around $150k in savings.
I have no knowledge, a fair bit of my own time and an idea, where do I go from here?

[Anonymous No.821352]

>>821347
I would contact someone with actual experience in the accommodation business. The best might be to work there for some time, but being already employed, that could be tricky. Since you're replicating an idea you could contact that business as a potential customer with inquiries, though you might not be able to get much insight that way.

>>821327
>>821334
>>821337
>>821343
What I'm trying to say is: Why pick an extremely volatile asset as a long term investment vehicle? I know all the cool kids are buying bitcoin and driving their electric bills through the roof with mining, but money is money and people who know its value shouldn't be gambling it on risky assets whose value nobody has figured out quite yet.

[Anonymous No.821356]

http://bitcoinfund.eu/index
For people interested in bitcoin.

[Anonymous No.821357]

I'm looking to start a business that will cost about 50K to get off the ground. I have 25K. I can borrow the rest from family but I'm not sure if I should cut them in for a percentage of the biz or just pay them back on a schedule once I start turning a profit. There is zero risk to them as I have over 400K in an IRA but I'd rather not touch that money for obvious reasons. So if they want a percentage how much do I cut them in for? If they're ok with getting paid back over time what ROI should I offer?

[Anonymous No.821361]

If new accounting grads have about a 3% rate of unemployment, does that mean I have a 97% chance of getting a job? If it says average starting is 40-50k depending on the area, so is that reasonable to expect?

[Anonymous No.821363]

>>821347
What do you do on the ship and how did you get the job? That seems like a pretty sweet gig.

[Anonymous No.821376]

>>821363
Since you called it a sweet gig I'm going to assume you're a fellow Aussie.
I'm an Integrated Rating which is an Australian position, everywhere else in the world my job is normally called AB which stands for Able Seaman (I'm not sure why it's AB and not AS) or simply Deckhand. Basically I'm a general labourer on a ship but what you actually do day to day varies enormously depending on what sort of vessel you work on.
It is a great gig but extremely hard to get your foot in the door, especially now in Australia as times are tight in the offshore sector so no one is hiring. Probably the best way to get in is to work on a fishing vessel, see if you can join the Maritime Union of Australia and apply, apply, apply for sponsorship with shipping companies to put you through the training course.
If you have a trade you'd be better served to try and get into marine engineering, contact the Australian Maritime College or a maritime Tafe for details, if you're qualified with a trade you won't have to spend years studying.
Alternatively if you wanted to be an Officer you could again contact the AMC or a maritime Tafe.
If I had my time again I would've studied marine engineering at the AMC as IRs and Officers are fairly well limited to maritime unlike Engineers who have more land-based opportunities.
One downside to maritime work in Australia is that governments are constantly being lobbied by shipping and oil&gas companies to de-regulate the industry allowing ships to be manned with foreign crew who are for all intents and purposes slaves. Combine this with marine work being a really specific skill set in an increasingly broad world and you have start to raise questions about your future security (which is partly why I posted >>821347).
All that said though I truly do love working at sea, after awhile being a seafarer becomes a defining aspect of your character and you can't help but be proud of it.

[Anonymous No.821768]

A question aloud.

What do you find most difficult when it comes to economy, finance, personal finance, markets, etc?

[Anonymous No.821774]

>>821376
>specific skill set
>want to use poor, uneducated, cheap labour to do exactly what you're doing

It's not a specific skill set, you're hired muscle and anyone can do it. Get off your pedestal, Get skilled so you don't get obsolete

[Anonymous No.821778]

>>821376

AB - Able Bodied (seaman) they are wheelsman.

OS - Ordinary Seaman (Deckhand)

I'm a Canadian Seafarer.

[Anonymous No.821780]

Anyone with Wells Fargo here? When you deposit a check in one of their ATM's, they give you $200 of it and the rest of it is posted the next business day. Is it the same way with their mobile deposit? I don't want to fuck up.

[Anonymous No.821890]

>>820428
Can you lose by putting money into an index fund and keeping it there long term? It seems pretty easy to me, and I'm wondering why everyone doesn't do this.

[Anonymous No.821924]

>>821780
I have no idea about the answer to the question, but how bad-off are you that you need access to your funds immediately and cant wait a day?

[Anonymous No.822007]

>>821890
That's a good question. I used to think the same, but the answer is quite obvious if you think for a while.

Take a look at religion. There isn't any proof or clue that a God may exist, and much less a benign one. Yet, people choose to believe that over the rational, most probable and sensible thing. Why is that? It's optimism bias (Valence effect).

Look at the bitcoin holders. It's the riskiest asset you can buy right now, the most volatile, yet there's people that believe, blindly that it will rise to its peak levels. That's faith; to believe without proof.

Index funds are the way to go. If someone tries to push an actively managed mutual fund to you with promises of consistently beating the market laugh at them. There's no such thing. And will never be.

Arithmetic is not debatable.

If you want to reinforce your trust in index funds I suggest you to read 'The little book of common sense investing', by Bogle. It goes over it from all the different angles, analysing previous data, but without being daunting for a rookie.

Best of luck. OP out.

[Anonymous No.822016]

>>821890
>>822007
A very long post, but it didn't address your question.

>Can you lose by putting money into an index fund and keeping it there long term?

The whole index would need to disappear completely. Can you imagine, for instance, the S&P500 disappearing? The 500 biggest companies of the US disappearing?

The fact is that companies go in and out of indices as their market cap fluctuates. Apple wasn't always the biggest. The good thing about indexing is that if a company tanks, it falls from the index and it's replaced by another. By their own definition, an index fund can't 'disappear' unless all companies do so (apocalypse, or something short of it).

On the other hand, people that bought cherry picked stocks can be stuck with shares from a company that was hot at some point (the flavour of the month now is Netflix) and later descended into irrelevance.

I honestly wish everything in life was as simple as investing. I feel truly angry about not being taught this stuff in school.

Read the aforementioned book. It will dissipate all your doubts about indexing and you will be able to filter all the noise from the financial media and poor investing advice so common in places like this.

Best of luck!

[Anonymous No.822074]

>>820986
>One day's movements mean nothing. What it matters is the long term. Your 'noobishness' was showing in the fact that you bought a 'flavour of the month' stock. Retail investors picking stocks usually go for the companies whose name recognise easily and think (without real understanding of the company) that it will do well.
How is Netflix not a good long term investment? The only thing the company is going to do is expand to more audiences. The big players who actually affect the stocks invest on those.

[Anonymous No.822098]

>>822007
>>822016
Thanks! I really appreciate it. By the way, I believe in God lol

[Anonymous No.822100]

How does buying shares work exactly? Not in the sense of buying them but "proof", I live in Australia if it makes any difference it might be different in the US.

Do you get sent a letter of ownership? Is it all recorded on my brokers database? What about the actual company I've invested in? Whats stopping me from losing it due to admin fuck ups or a server fucking up?

[Anonymous No.822111]

>>822100

https://en.wikipedia.org/wiki/Clearing_House_Electronic_Subregister_System

[Anonymous No.822122]

>>822007
>actively managed mutual... consistently beating the market
>There's no such thing
>will never be.

bullshit, unless by consistently you mean a period a lot bigger than a couple years

[Anonymous No.822127]

>>819620
Is accounting still a good major? Or will I hate my life? About to be 26 and going back to school.

[Anonymous No.822303]

>>822074
>How is the hot stock right now not a long term investment?
Think about IBM. They were like Apple while back. Microsoft was also a large company; now they have less than half the market cap of Apple.

What I try to say is, cherry picking stocks is a bad idea. Is Netflix an obviously good investment? If yes, everybody will buy Netflix and drive the share price higher, thus being inflated vs another company that earns you a similar return but is far less popular.

That's why picking individual stocks is tricky: over the long term, anything can happen.

>>822098
I'm truly glad you found those useful. Sorry about the example! I just couldn't find a clearer way to put it. It's perfectly fine to believe in God as long as you stay away from bad investments. Godspeed, anon!

>>822100
I can't tell. But trips here
>>822111
answers it, I think.

>>822122
>unless by consistently you mean a period a lot bigger than a couple years
http://dictionary.reference.com/browse/consistently

Yes, anon. Even a broken clock is right twice a day, but when purchasing actively managed mutual funds you're paying a monster TER, precisely because they tell you that can beat the market for a long time. Something that is more a matter of luck than skill.

Did I mention how hard is to prove that a fund manager is actually skilled and not just lucky? You need 20 years of data to have some statistic certainty that the fund manager is actually skilled.

Please, everyone, watch this documentary.
It's the best use someone interested in finance can find to 80 minutes. It's so full of Nobel Laureates that you will ask yourselves afterwards why were you asking advice on 4chan when such resources exist.

https://www.youtube.com/watch?v=SwkjqGd8NC4

>>822127
I would try and contact accounting graduates from your area. Ask around, even to your family. There's chances that one of your acquaintances knows at least one. Then ask him/her questions or invite him/her to coffee and ask away.

[Anonymous No.822444]

Shooting for a hopeful early retirement in next 10 or so years. I like post-tax Roth, because I assume that taxes will only rise and people on the dole will increase. What I don't like about those IRA's is the retirement age and early withdrawal penalty.

Wondering peoples' opinions...I was thinking of just doing some Vanguard ETFs (VNQ, VAW, VYM, BLV) and taking the hit on capital gains...but I kind of think capital gains tax will also go up.

[Anonymous No.822448]

>>822444
While I can't answer your question myself, I bet you can find it here. If not, ask straight away.
http://forum.mrmoneymustache.com/
https://money.stackexchange.com/

The first one is full of early retirees, so they can advise you well.

[Anonymous No.822451]

And a question of my own.

I intend to sell some clutter online. It's not craiglist, but similar. For items which price is hard to assess (e.g. a book from an unknown author) is it better to put an estimated price tag or to simply 'hear offers' as they come? I have no previous experience selling stuff.

[Anonymous No.822725]

>>821361
Your chances are exactly what you make it to be. If you don't put yourself out there, your chances are 0%. Don't expect anything.

[Anonymous No.822746]

Is eCommerce a good option? Also is using Shopify to get started viable or should I look for other ways to get a shop of the ground?

[Anonymous No.822767]

What are the downsides to index funds?

[Anonymous No.822781]

18 years old, know nothing about stocks except stock is a piece of ownership in a company. Market goes from like 9:30AM EST - 4:00PM EST in USA. This is a small strategy I wanted to try with $1,500 in a TD Americunt account:
>Go to "new 52 week low" in NASDAQ
>Look through companies, check which are most promising, recent releases in press, etc.
>Look at recent events, see which might affect said companies
>See who the fuck Jim Cramer is talking about, generally don't listen to him because when he says buy everyone buys, driving up the price, if he says sell, everyone does, and so on and so forth
>keep an eye on the show because if someone says "This stock is going up!" and I happen to have that stock, I would sell as soon as it goes up high enough
>Sell when I get around 7-8% return

So am I about to take 1500 and shove it up my gaping ass or shove it up wall streets ass and pull out, lets say, 100-300 in profit?

[Anonymous No.822799]

>>822781
7% of 1500 is only $105

when you take into account broker costs you are making less than $100

why bother

[Anonymous No.822827]

>>822799
Yeah figured. Thanks.

[Anonymous No.822845]

What happens if you short a stock and the company goes bankrupt?

[Anonymous No.822847]

I finally bought into the Vanguard meme and bought 5k in various funds (VTI, VXUS, others).

How fucked am I?

[Anonymous No.822848]

>>821268
Do you guys use google finance to buy/sell shares/stocks or whatever?

[Anonymous No.822931]

>>821361
Statistics only say that 97% of them are employed.
What
>>822725
said. Whether you are in the 97 or the 3 is entirely up to you. Still, it's a good indicator.

>>822767
That don't contribute to the salaries of the bloated financial sector's workers.

i.e. There are no downsides. It's just investing like it ought to be.

Just make sure to pick one with low TER. Some have hefty price tags, simply because retards will buy anything.

>>822781
>>822799
This. Don't bother. There's no way to predict that shit and you could have done something useful during the time you've been watching a screen.

>>822847
You are in the right track. Remember to buy AND hold. The second part is as important as the first one. Whenever comes a crash, the stock market is on sale, so buy more. You might think that you need to sell. That's what stupid people do: "buying high and selling low".
It's not a meme, just the most sensible and efficient way to invest. Congratulations on your choice. Most people fall for the bitcoin meme or let money erode in the bank.

Market crash = Shares are in sale
https://twitter.com/mrmoneymustache/status/617092842603720704

>>822848
No, it's just for monitoring as far as I know. You need a brokerage account to do that.

[Anonymous No.822955]

>>822848
fuck no

[Anonymous No.822994]

>>819620

How to Win the Loser's Game was a really eye opening lesson for me. Thanks OP.

[Anonymous No.823016]

>>822848
>>822955
I misinterpreted your question, perhaps.

You can also use Yahoo finance. It gives you the bid and ask prices. I don't know of other free alternatives to check it.

>>822994
I'm glad to hear that. I'm out. I'm going to try to stay away from 4chan for as long as I can. I hope I was helpful to some of you and that I've contributed to your financial well being and general future happiness.

Best of luck to everyone. Stay indexed.

[Anonymous No.823019]

>>822444
>I was thinking of just doing some Vanguard ETFs (VNQ, VAW, VYM, BLV) and taking the hit on capital gains
First, why would you be buying a bunch a sector funds unless you plan to construct a total slice-and-dice portfolio (in which case you're talking about needing 30-40 funds total). There's no evidence that strategic over-weighting to sector funds has an effect on performance.

Second, as to your concerns about using a Roth, remember that you can withdraw your contributions (but not your gains) penalty-free and tax-free. And if for some reason you need early access to the earnings, you can always start a SEPP program.

[Anonymous No.823026]

>>822845
>What happens if you short a stock and the company goes bankrupt?
I assume you're asking about how to close a short position in this situation. Understand that filing bankruptcy does not automatically mean that trading will cease. The exchange will likely change the stock symbol (appending a "Q") but if the company is stock operating (e.g., Chapter 11) then the stock may still trade. Indeed, it is not unheard of that the price will RISE upon a bankruptcy filing. Anyway, you may still be able to purchase securities to close your position.

Also, a de-listed stock may still trade on pink sheets etc. So the shares you need to close may still be out there.

Lastly, if trading is actually suspended and/or the stock is cancelled, you'll never need to close the position at all. When the cancellation propagates through the system, your broker should close the position automatically.

[Anonymous No.823061]

Is an MBA worthless, /biz/?

[Anonymous No.823073]

>>823061
Depends on your field. A lot of management positions require it.

[Anonymous No.823107]

>>822074
>The only thing the company is going to do is expand to more audiences

And what happens when they run out of people to expand to?

Something you losers have to learn is ratios. Look at price/earning and price/book. Netflix earns 44 cents a share. If you buy it at current market price, you are paying $114.77 for less than 50 cents of profit.

Sure its growth prospects are promising and its shareholders are getting rich, but does paying that high of a price really make sense?

That is another angle you have to consider. Sure Netflix might keep going up and shareholders will be laughing at the index fund guys, but lots of companies like Netflix have taken dramatic falls and its shareholders have lost a ton of money.

[Anonymous No.823230]

>>822451
set a price and be ready to sell for that price if someone is interested. people might try to haggle but that's your choice if you want to set a slightly higher initial price and allow for haggling or if the price is firm (especially if a lot of people are interested in your stuff then you don't need to haggle).

>>822767
http://www.marketwatch.com/story/the-downsides-to-indexed-investing-2013-06-19

[Anonymous No.823247]

>>823230
>http://www.marketwatch.com/story/the-downsides-to-indexed-investing-2013-06-19
Hell fucking nope.

The author cites the following downsides to index funds:

1. That some active managers outperform before accounting for fees. That's great, but the fact remains that fund managers DO charge fees. And doing your own research also costs time & money. There's no such thing a costless stock-picking, unless you're throwing darts.

2. That index funds leave you with only average returns. Actually, the Dalbar studies show that year after year after year index funds beat the average investor by 2-8%, averaging around 4-6%. Its a common mistake to the think the "market returns" are the average. They're not, thanks to fees, expenses, and market timing.

3. That you can't adjust your asset allocation. Putting aside the fact that you can adjust your asset allocation by changing your index funds, there's no evidence that changing or rebalancing your asset allocation improves performance. People rebalance to adjust risk, not performance.

4. That you can't adjust your exposure based on valuation. Putting aside the fact that you can adjust your exposure by adjusting your fund holdings, this is classic market timing and a proven failed strategy.

5. That its hard to chose the right indexes. No its not. The 4-Fund portfolio covers every market you need and every capitalization and asset category you need. Add a REIT fund if you like. Picking 4 or 5 funds isn't hard.

6. That index investors aren't taking the time to find better performing strategies. Not only is this a broad and mostly-incorrect generalization, it completely ignores the fact that index funds have been proven to be the best long-term strategy. That it's also one of the easiest is a fortuitous coincidence, and not a downside at all.

Lastly, note that the article was written by a "journalist" who is described as a "chemical engineer and amateur financial adviser."

Don't post this shit.

[Anonymous No.823249]

/biz/nessman,

I make 58k as a software developer in Ohio after one year of experience. Am I being underpaid?

[Anonymous No.823283]

>>823247
stay pleb

[Anonymous No.823284]

>>823249
58k seems reasonable, ohio isn't exactly california.

[Anonymous No.823290]

>>823019
Hey thanks for the feedback man. I was looking at VNQ (REIT) and VAW (Materials) as a potential inflation hedge (or funds that might do a little better if things go down - long run shit) and the others as just conservative. I'm 37 and at this point thinking I'd prefer a smaller return with more stability. Always glass half empty here. :-| Any ideas appreciated, was just thinking some of those were more conservative than voo.

Also, thanks for the info on SEPP.

Basically, thinking of a good place to put $ for next 10-15 years.

[Anonymous No.823296]

>>823290
Buy silver. It's so artificially low right now. In 10 years I'll bet you make 3x

[Anonymous No.823330]

>>823283
>stay pleb

1. Point out 6 specific flaws in an article.
2. Explain shortcomings of every one.
3. Highlight author's lack of credentials
4. Get called "pleb"

Son, I'm the fucking aristocrat here. You can fuck off to >>>b if all you can do is shitpost.

[Anonymous No.823334]

>>823330
1. ok kid
2. see above
3. nice ad hominem
4. fascinating story bro

[Anonymous No.823336]

>>823334
dude kill yourself if you think active managed are better lmao

[Anonymous No.823339]

>>823336
i never said that. paying for someone to manage your money, either active or passive, is pleb tier. what, do you need someone to wipe your ass for you as well?

[Anonymous No.823350]

>>823290
>I was looking at VNQ (REIT) and VAW (Materials) as a potential inflation hedge (or funds that might do a little better if things go down - long run shit) and the others as just conservative.
Well, I won't pretend to have done extensive research, but a quick glance at some charts leads me to conclude that all three are fairly correlated (at least recently). Maybe I see a little less volatility in VNQ, but it still dropped like a stone in 2008 just like the equity indexes.

I don't fault your logic or your goals. I just wouldn't use those funds as the core of my portfolio.

And don't get me wrong, I like Vanguard's REIT fund. I own it and I recommend it. If I was constructing a portfolio from scratch, it would be the fifth fund I added (after US Total Market, US Total Bond , Total International, and International Bond).

Good luck with your plan.

[Anonymous No.823356]

>>823339
it's impossible to talk with you, please kill yourself

[Anonymous No.823370]

>>823356
ok kid, stay pleb

[Anonymous No.823372]

>>819620
What is a good starting salary for a Safeway store manager?

[Anonymous No.823373]

>>823350
>+87% after 10 years
SNORE!

at that rate you're barely even beating the inflation. imagine if you had averaged +20%/year over 10 years? +40%/year? imagine if you had started your own business? stay pleb son.

[Anonymous No.823382]

Is it a pain in the ass to invest in other countryes stocks funds etc, or it is somthing common to do?
If I live in X country I have to look only at X country markets?

[Anonymous No.823478]

>>823230
>>823283
>>823334
>>823339
>>823373
Kill thyself. Go buy some Buttcoing. I've heard they're going to soar real soon. :^)

And remember that 10 year period includes the 2008 financial crisis, in case you forgot.

>>823382
You can buy a total stock market and invest worlwide. You only need access to the market where that index fund is listed. You can invest internationally with most brokers. It's very common; don't worry.

Investing only in one country, let alone the homeland, it's a terrible strategy, as it lacks diversification.

[Anonymous No.823487]

>>823478
>this butthurt
i'm just trying to help. i don't expect you to give up your delusions but hopefully i can keep some newbies here from getting sucked in by your shilling.

http://www.fool.com/investing/mutual-funds/2011/01/14/your-index-fund-is-making-a-bad-investment.aspx
http://www.fool.com/retirement/general/2010/02/09/3-reasons-to-move-beyond-index-funds.aspx

[Anonymous No.823500]

>>820129

tl;dr its all fairy dust until you cash in

[Anonymous No.823509]

I'm Australian and have about $150K in savings which I believe would be better off in an index fund, there's two things I'm unsure of:
What's the procedure for "selling" part of your index fund for when you'd like the cash? Do you log on to your funds site and just sell X amount for Y price? Do you make a call?
Secondly, I'm not comfortable having 100% of my savings in a single index, is it possible to divide it among several different index's? For example 33% ASX, 33% NYSC, 33% FTSE. Would there be a disadvantage in doing this?

[iHaz !MILLiOnz/Q No.823512]

>>823509
>What's the procedure for "selling" part of your index fund
The procedure is whatever is whatever your brokerage or fund family provides. Pretty safe to assume that any reputable place to buy funds or ETFs is going to have both online and telephone trading. Just look at the website of wherever you plan to buy your funds.

>is it possible to divide it among several different index's?
Of course. This is called diversification and its what most smart people do. The research shows this is the optimal way to make long-term investments.

A typical US index fund portfolio would ideally be made up of four core funds allocated along the following or similar lines:

US Total Stock Market Index 57.2%
International Stock Index 32.5%
US Total Bond Market 7.2%
International Bond Index 3.1%

Of course, the numbers can be tweaked according to your risk tolerance and goals. But the above percentages would be good for a typical investor with say 35+ years before retirement (i.e., a 25-30 year old).

I can't comment on your allocation options as I only make recommendations to US investors, but I'm sure you'll find suggestions out there. I do know that the bogleheads.org site has a lot of forum threads from Australian investors looking to craft smart index portfolios. I would start there, unless some Ausbro knows of a better site.

[Anonymous No.823514]

am I obligated to put my gpa/ wam on my resume?

I failed a few and ended up with a garbage wam barely over 60.
and are highschool results irrelevant? finished in the top 5% of the state (australia) but i doubt employers would care.

[Anonymous No.823525]

I know very little about trading, but I'm willing to dive in a give it a go. I've been using a simulator for a while now, and haven't done terribly.
A few ultra basic questions:
I've been using Yahoo finance to monitor/choose stocks to buy and sell, but find it a little tedious to use (in terms of accessing different graphs etc). Is there any better free alternative?
I'm looking at starting with around 3k and short term trading. Through the simulation, I'm up about 1.5k after a month (with about 1 or 2 sells a week). Is this standard, or have I just been lucky?
When finding a company, I usually look to those performing dismally, and cash in on a small rise, as well as buying familiar stocks performing well(ish). Is this a decent strategy? As well as this, I'm usually only holding 1 company at a time. I realise this is risky, but the outcome hasn't been terrible, and the low investment amount makes the risk acceptable.
And finally: How should i go about selecting a broker? I'm Australian, and was thinking of going through Commonwealth Bank (Commsec).
Any info/criticism would be great

[Anonymous No.823532]

>>823514
>am I obligated to put my gpa/ wam on my resume?
No. But some employers will ask, and they obviously won't consider your application any further if you refuse to tell them. And if you're applying for graduate positions, a lot of applications will require academic transcripts from the beginning anyway.

>and are highschool results irrelevant?
Once you've got a degree, no one will ever be interested in anything you did in high school ever again.

[Anonymous No.823552]

>>823350
Thanks for the insight man.

[Anonymous No.823563]

I would like to git gud and run an apartment or duplex. Where should I go to get more information?

[Anonymous No.823764]

What are some good forums for app devs?

[Anonymous No.823872]

have an income of about $130 a week, no expenses and a ton of free time, how do i go about making more money from that

[Anonymous No.823886]

>>823872
Invest in some good mouth spray and a good lip balm. This way, when sucking dicks for money, you can quite reasonably charge a higher fee per suck for the increase in quality.

If I were you I would really make it a niche and focus on quality blowjob. Use a slogan like "They say a blowjob is just a blowjob... well here at <insert name of your dicksucking company here> we believe in quality blowjobs and a blowjob from us is like a blowjob from heaven" or something along those lines. You could easily mark up your blowjobs by 20 or 30% compared to the market average by investing relatively small amounts of money into a few basics like the aforementioned breathmints and lip balms. This new revenue could eventually enable you to expand the operation and bring in more people, further increasing your earnings.

[Anonymous No.823890]

>>823886
nice meme, friend

[Anonymous No.823898]

>>823890
Thanks, I spent like 3 minutes thinking and writing all of that out.

Btw I think the
>hey /biz/ how do I turn $X into $XXXX kthxbye
meme is a bigger meme. So I believe you have outmeme'd me. In other words, nice meme right back atcha partner-in-memes :^))))))))))

[Anonymous No.823901]

>>823898
;^)

[Anonymous No.823908]

>>820160
Unless they are cooking their books, the balance sheet will tell you everything you need to know a good time before it happens.

Long term debt vs cash is a good start

[Anonymous No.823913]

>>820182

I hate when guys regurgitate Bogle books like this.

If you have picked good companies after analysing them, why do you need to check and analyse them constantly?

Fact is a good company (based on various measures) will grow long term period, what it does short term 3-10 years is anyones guess. What it does in 20 years is produce returns and thats all that matters.

[Anonymous No.823919]

>>820815

10% of 8 is mill is 800 000

1% of 8 mill is 80 000

800k times 3 is 2.4 mill

80k times 3 is 240000

2.4 mill plus 240k = 2.640 mill? Wth

[Anonymous No.823928]

>>820212

Ok damn I read all that - there's no way one could remember all of that - the question is, how to overcome the biases? Is there a book on this? How to train oneself to be mindful of these at all times?

[Anonymous No.824016]

Working for an insurance company, our department might get bought. Which could either be good or bad, depending.

Currently making 33k/yr
Have ~9k in checking + savings
Have ~3k in car loan
41k in student debt
Little to no CC debt (maybe like $200, use it mainly for rewards)
~17k 401k

Currently looking for other jobs but the positive is I live in an area with very low cost of living. But I'm thinking I should just dump the money and pay off my car, put that payment towards student loans while also trying to raise my income. Or should I put some dollarydoos in an IRA or something?

Also, let's say I were to take a new job. Would it be more beneficial to roll over the 401k or take a lump sum minus tax hat and put that back into debt?

[Anonymous No.824023]

>>819620
Does my idea make sense?

See other thread: >>823968

[Anonymous No.824025]

>>819620
I started my affiliate website on WordPress.com instead of .org not realizing the difference. I want adsense, so what's the easiest way to keep my layout and domain while switching over or should I wait till it's popular?

[Anonymous No.824031]

What are the /biz/-approved credit card processors for startups?

[Anonymous No.824052]

>>820243
Just go to your credit and click pay balance
It's not that hard

[Anonymous No.824172]

>>824016
>Would it be more beneficial to roll over the 401k or take a lump sum minus tax hat and put that back into debt?
Unless you were in dire straits, you should never bust open a 401k. The penalty plus the taxes is such a massive hit, that its hardly ever worthwhile.

On the other hand, money in a 401k or IRA grows faster than any other account, thanks to the tax advantages. Even if you don't add another dollar to your $17K account, it'll be worth close to $750,000 if you let it ride for 40 years. Compounding is a wonderful thing.

[Anonymous No.824206]

Is there any reason why I shouldn't borrow say, half, of what a lender would offer me and invest that in index funds along with my own savings? Assuming of course that the returns are greater than the interest. I don't see how it would be any different from people borrowing to buy an investment property, why don't more people do this?

[Anonymous No.824295]

>>824206
If it were true that you can easily outperform interest on a loan with risk-free investments, then why would anyone agree to make that loan? If they shared your assumptions, the lender would obviously just invest their own money in an index fund instead of giving it to you. There is a reason they don't.

[Anonymous No.824337]

>>824295
What? The lender would lend me money because they're a lender and I'm a customer paying interest, they have the indexes I've purchased as security and can make margin calls if the value of said indexes falls too much. People profit by borrowing from a lender to purchase a house which they later sell for a profit but you wouldn't say "why doesn't the lender just buy the house".
To clarify what I was asking:
I understand that taking out a margin loan on an investment (index funds in my case) effectively multiplies your profits and losses due to the extra cash. What I am curious about is why aren't more people doing this when you consider that index funds are historically more likely to bring in profit than loss.
Is it simply people being afraid of margin calls and being forced to sell at a loss? Or am I missing something here?

[Anonymous No.824346]

>>824337
>The lender would lend me money because they're a lender
The fact that someone makes loans does not mean they are obligated to loan money to whoever asks just 'because they're a lender'. Loans are investments; they obviously consider the risk and return just like you would with any other type of investment. They won't loan money unless that's an economically reasonable thing to do in the circumstances.
If there's something else they can do with their money which is guaranteed to produce higher returns with lower risk, there is nothing to stop them doing that instead. Or, of course, they can increase the price of their loan relative to the risk involved.

>People profit by borrowing from a lender to purchase a house which they later sell for a profit but you wouldn't say "why doesn't the lender just buy the house".
People also lose money by buying a house which they sell at a loss, or at a profit which doesn't cover their expenses (incluidng interest). It's a risk. It also requires time and effort.
You also won't find a lender (at least not a sensible one) who will loan you the entire value of a house, if that house is your only security. That seems to be what you're expecting them to do with your indexes.

[Anonymous No.824360]

>>824337
Because generally your interest rate is greater than your fees, can't write off the interest, and your profits are taxed.

[Anonymous No.824373]

>>824346
>You also won't find a lender (at least not a sensible one) who will loan you the entire value of a house, if that house is your only security. That seems to be what you're expecting them to do with your indexes.

That is not what I am expecting them to do, as I mentioned in >>824206 I have savings, around $150K AUD, a lender would look at what I earn, what I have saved and any assets/liabilities I have and come up with an amount they'd be willing to lend me to invest with or alternatively might decide I'm too high risk and refuse to lend to me. This is called a margin loan and a quick google search will show that all the big four Aussie banks offer them.
I wouldn't be borrowing the entire value of the indexes as I have my savings as a deposit, just like you would on a home loan.

Again what I'm asking for is possible hidden risks with using a margin loan for indexes. I am aware of the risk posed by margin calls and forced sells, are there other risks I'm missing?

>>824360
This is more helpful, would you be able to expand on that? Surely I'd have to pay tax on the profit regardless? Are the fees you mentioned the fees charged by the company I have the indexes with, vanguard for instance?

[Anonymous No.824377]

What is the wisest choice to make regarding the purchasing of a used vehicle between 1k and 5k.

I would obviously like to purchase a car that stays close to its original purchase price when I sell it in a year or two.

The main question is, what is the best medium for finding this ideal vehicle. Craigslist is filled with scumbags.

[Anonymous No.824385]

>>824377
/o/ has a handy cheap car guide for USA and one for Australia.
I'd post them myself but I'm at work on my phone.

[Anonymous No.824404]

>>824377
Find a dude who has a license to buy at auction, and have him sell it to you personally. Try to find a "friend of a friend" who will do this for a couple hundred for his trouble, and you'll save a couple thousand.

This only works if you can pay cash up front, of course.

[Anonymous No.824825]

Best UK stock trading site?

[Anonymous No.825045]

>>823525
You need to analyse your performance over the last 20 years to know if you're skilled or just lucky. I'm assuming you're simply lucky, since >90% of people who do that are in that group. So, why bother? You're playing with fire when you could play it safe. Don't destroy your capital for the illusion of consistent greater returns.

>>823764
I was going to answer your question. Then I read
>>823886

>>823872
Get a job. Any job. Mow lawns, clean windows, ask around for jobs, prep your resume and apply to every job that moves.

>>823928
I'm surprised someone else read it. I don't think it's something to keep in mind in detail. Perhaps the general idea is more useful: our mind can (and will) play tricks on us every day of our lives.

I don't think one can realistically keep all these biases in mind on a daily basis, but it can be a superb checklist to run before making important decisions (e.g. proposing to someone, switching to a different job, accepting a proposal, etc).

>>824016
>>824172
But keep in mind your debt interest. If it's higher than the market average, makes sense to slash your debt asap.

>>824023
I don't know if I catch your drift. But you mean to use that 'interest free' card to buy assets and get interest from them? If so, isn't that infeasible? Which kind of asset were you planning on buying? Stocks? The brokerage fees due to buying and selling each month would most likely destroy your gains, if any at all. Remember that the market has an upward trend, but in any given month, anything can happen. Please, clarify further if I did not understand you well enough.

>>824377
http://forum.mrmoneymustache.com/ask-a-mustachian/has-there-been-a-more-recent-discussion-on-%27cars-for-smart-people%27/

[Anonymous No.825058]

I'm currently in between jobs (I'm never unemployed for more than 2 weeks- a month) and I'm kind of getting sick of bitch work. What is a good general business with low-ish entry barriers? I have no special skills but I'm sure there's room in the marketplace for some kind of middle man.

[Anonymous No.825061]

Is joining a political party worth it for the sole purpose of networking?
I have no problem taking every possible political stance, i just want to make some bizniz

Opinions/experiences?

[Anonymous No.825095]

>>825045
>I was going to answer your question. Then I read >>823886

kek what's the matter, can't handle the banter?
>implying you could answer my question anyways

[Anonymous No.825146]

Buying biotech funds for bubbly fun.

Why aren't you riding the wave? We're going to the moon!

[Anonymous No.825153]

so lets say i get a credit card and only use it for gas. i spend like $50 on gas (all make believe) at the end of the month i just pay $50 and my credit score goes up?

[Anonymous No.825226]

Newfag here
I did some trading with plus500 and made some profit. I mostly traded with index funds ( germany 30).
My questions is
> which broker is better than fucking plus500 and which broker would you recommend me for index trades
closing a trade took "too long" (a few seconds), which caused to make less profit, they had too high fees and withdraws took too much time ( 3-4 days, even with paypal)
>which broker would you recommend for forex trading
>how/where can I read/learn about some basics trading and how I can get into it
any kind of answers are welcome

[Anonymous No.825371]

>>825061
do you know what a political party is.....

[Anonymous No.825699]

>>825371
it's a place where police go to party?

[Anonymous No.825709]

>>825371
Sure. Why do you ask?
A lot of rich folks are members of the party im looking to join, so i thought itd be a good idea

[Anonymous No.825716]

>>825709
>>825061
Dick sucker

[Anonymous No.825729]

Whats the best way to allocate 50k assuming no car, no rent and uni student?

[Anonymous No.825750]

>>824025
Also want to know. I think people offer this as a service. Going from .com to self hosted.

No idea how much it costs probably depends

[Anonymous No.825775]

Can someone please explain to me how exactly Market Segmentation leads to increased sales?

I was shopping for deodorant the other day and noticed no less than 5 Old Spice deodorant cans all with slightly different branding, when I tried spraying them they all smelled basically the exact same. Do they seriously expect to sell more deodorant by varying the marketing slightly? Will people really buy more than one deodorant can at the same time?

[Anonymous No.826081]

>>825775
That's not how it works.
Different branding is aimed to different customers, even if it's the same product and only changes the brand. Check the L'Oreal Group. They have so many fucking brands it's crazy.

[Anonymous No.826130]

>>823928

I took a behavioral finance course in uni and we reviewed the cognitive biases most investors run into. The review concluded with the idea that you can't really eliminate all bias, so you should instead be mindful of your potential biases and try to avoid falling prey to them

[Anonymous No.826190]

If actively managed funds are scams, explain Berkshire Hathaway

[Anonymous No.826200]

I have created a python program which extrapolates data of all S&P500, NASDAQ and AMEX companies (about 7200 in total). At the moment, I have it examining for correlations in adjusted closing prices for the past 5 years. I can examine for any correlation, from volume, opening, high-low, capital, anything.

What should I be looking for?

[Anonymous No.826275]

>>826200
First of all, I would recomend testing for autocorrelations but not on prices but daily, weeky and monthly returns. There is a very low autocorrelation for daily and weekly returns, this supports the so called efficent market hypothesis. Long run trends are better documented so you could try and look at this literature.

[Anonymous No.826277]

>>826190
BRK isn't an actively managed fund, or a fund of any type. Its an investment company that focuses on capital acquisitions and strategic combinations, neither of which is possible for an actively managed fund. While BRK does also engage in some traditional investment activity, its a tiny portion of their revenues. Take a look at the their most recent 10-K and see how small Investment Gains are compared to their other income sources.

Also, please try not to be such a drama queen. No one called actively managed fund "scams" and no one said that its impossible to beat the markets. Its just statistically highly improbable. The existence of a one or few outliers doesn't disprove the fact that its a bad bet overall.

In other words, just because lottery winners exist doesn't mean that playing the lottery is smart thing to do. Don't be so gullible.

[Anonymous No.826311]

Among all the /biz/'s aproved books, which ones would you recommend to read first? Im starting with The intelligent investor. Thank you.

[Anonymous No.826315]

>>826200
Gib code plz

[Anonymous No.826377]

If I choose to put GPA on my resume how do I calculate it if I'm taking my Masters? Do I combine it with my GPA from my bachelor's or do I just put two separate ones.

[Anonymous No.826391]

>>819620
1. What is the probability of having a sustainable middle-class income in a first world country by running a one-man enterprise?
2. If you are employed in country A, but country B offers the same job but with higher income on average, should you change job or country?
3. Is it better to be ok at a very difficult job, or really good at an easy job in terms of income?
4. Do economists still assume that humans act as rational agents when making purchases?

[Anonymous No.826397]

>>826377
The bachelor GPA always counts.

[Anonymous No.826434]

What is the most /biz/ haircut so that you don't look like a chump cuck to your clients?

Honestly I've just been cutting my own hair of varying length buzzcuts. I just don't want to fuck it up doing a more difficult cut, and spending money on a proper hairdresser gets costly when you cut your hair every week or two.

[Anonymous No.826474]

>>826434
pls reply

[Anonymous No.826530]

>>826434
>>826474
Don't ever cut you hair or shave, bro. It saves you tons of money and you give off that "don't give a fuck cause I know something you don't" vibe

[Anonymous No.826547]

Complete Newfag here:

If I have 5k that I'd like to invest in index funds, what broker do I use to set up a portfolio?

What steps do I need to take to do so?

[Anonymous No.828163]

>>821306
>"the city of london, the center of the financial world"

[Anonymous No.828275]

>>823370
>kid
Seem a little edgy there buddy, something you wanna talk about? Are the other highschool boys bullying you again so you lash out on a South African Rape prevention propaganda board?

[Anonymous No.828381]

Can you learn enough accounting and income tax law to pass a university unit in roughly 5 days?
>I was sick and it totally screwed me

[Anonymous No.828651]

Mexican here, since our economy is shit and the dollar keeps getting stronger, should i convert my mexican pesos to dollars and make some profit while saving?
PS sorry for the engrish

[Anonymous No.828718]

is it possible to make decent/livable money by working entirely from home/for yourself AND not having a degree?

[Anonymous No.828751]

>>828718
if you have to ask, then no.

[Anonymous No.828859]

>>821352
>>821327

>driving their electric bills through the roof with mining

Mining just doesn't offer the same return as simply buying and averaging in when it dips/crashes.

I agree with not putting half of one's life savings into it though. It's fantastic to trade, but if you are in for the long term it's a very speculative, binary trade. Imo it's either gonna be AT LEAST a 20-30 bagger in the next 4-5 years or it's gonna fail and an alt will take over from here.

[Anonymous No.829042]

>>820877
tfw the most nice view is the bottom one

[Anonymous No.829098]

>>828381
Pls reply

Also if you have an otherwise excellent grades but a fail or two on them would it be possible to get vacation work or intern at a big 4 firm or somewhere else that is good?

[Anonymous No.829136]

>invest on index funds
>live an entire life miserable looking how all the sons of rich people enjoy life while you live below your means
>wait till you have 80 years old
>congratulations you have 10 years to enjoy your money now
I don't want to be old and rich, I want to be rich in 10 years or 15 yers at max!
There has to be other strategy.
Respond to this OP

[Anonymous No.829431]

>>829136
don't buy mainstream stocks - where's the growth going to come from if everyone else already have those stocks? buy stocks that are kinda "under the radar" (but not ridiculously obscure like penny stocks) and whose business ideas and fundamentals you can understand.

an index fund may be low risk but with a low risk comes a low reward.

if your annual return is 5% then after 15 years you will have doubled your money.

if your annual return is 20% then after 15 years you will have 15.4 times your initial investment.

if your annual return is 40% then after 15 years you will have 155.6 times your initial investment.

[Anonymous No.829492]

>>829136
>I want to be rich in 10 years or 15 yers at max
It's not gonna happen. You're too stupid.
>>829431
Shut up moron.

[Anonymous No.829496]

>>829136
>I don't want to be old and rich, I want to be rich in 10 years or 15 yers at max!

Only way is either open a business or stock all your money.
You'll entire be broke as fuck or rich as fuck.

[Anonymous No.829501]

>>829492
if this is the quality of arguments on /biz/ i will not take your advice lmfao

[Anonymous No.829743]

>>829501
Go next door to Goldman Sachs then

[Anonymous No.829758]

What is the best book for someone that wants to learn java from scratch?
I have previous experience with webdev and python.

[Anonymous No.829765]

What are good APR rates for student loans?
Also should I get my loans through my credit union?

[Anonymous No.829772]

>>829136
The more people you impact the richer you get.
Think about that.

[Anonymous No.829825]

So it's a /biz/ fact now that ETF's are the place to go for poor middle-class scum.


It would be my first time investing in this particular ETF, a Eurozone tracker.

Is it a good idea investing now when he price has reached the 52-week high mark?
My brain says no, but I could, in theory, bypass this by dollar-cost-averaging.

[Anonymous No.829840]

>>828381
>>829098
>Can you learn enough accounting and income tax law to pass a university unit in roughly 5 days?
Only you know how long it would take you to learn something but if I had to guess I'd say no, probably not. Any Uni course that's remotely difficult requires more time and effort than that.

>I was sick and it totally screwed me
If you were too sick to open a textbook you should've dropped the class. I doubt you were that sick though.

>if you have an otherwise excellent grades but a fail or two on them would it be possible to get vacation work or intern...
yes

>...at a big 4 firm
no

[Anonymous No.829848]

>>>>829098
possibly. you must remember that you are competing with people who literally have amazing grades all around. it lowers your chances unless you have a connection within the company. Although most connections don't do much but just get you inside the door.

[Anonymous No.829851]

>>829431
Same anon here, so you suggest that I research a lot in a sector or different sectors to diversify and pick by myself individual stocks with good perspectives but not too mainstream and bild at least a part of my porftolio with "underground" stocks WHILE I invest pasibely in index funds?
That sound better than just invest everything on index funds, thanks
>>829772
>The more people you impact the richer you get.
In an opening a business kind of way, and impact them with my product through marketing and gradually impact more and more people?
kek please don't laugh at me if I didn't understand your frase

[Anonymous No.829852]

>>829825
it almost always drops after it reaches the 52 week high market. wait for a little drop and then invest. However, don't try and predict the drop as it's highly unlikely you'll be successful trying to do so. just, as you said, do the dollar cost averaging.

[Anonymous No.830096]

FXCM is going to reverse split their stock. 1-10.
What if I own only one stock? Will I have a stock worth a value of 10?

[Anonymous No.830322]

So OP you say that I have to be a wage slave who live below his means and invest on index funds?
How many years I have to be a wage slave, forever?
Is there any graph that show the average grow per year of different indexes?

[Anonymous No.830328]

>>829431
>if your annual return is 20% then after 15 years you will have 15.4 times your initial investment.

>if your annual return is 40% then after 15 years you will have 155.6 times your initial investment.
>your initial investment.
Initial investment means the first money that you invested?
And what happens if you invest a bit every month?
How is that supposed to grow?

[Anonymous No.830406]

>>829851
yes. you can still have some of your money in index funds to lower the risk.

>>830328
>Initial investment means the first money that you invested?
yes, the first money that you invested.

>And what happens if you invest a bit every month?
>How is that supposed to grow?
i think it would be easiest to calculate it using excel.

for an example of how to do it, if you expect a 10% annual return and invest $1000 every month:

after 1 year $1000 will be $1100 (= $1000 + 10% of $1000) which is $1000 * 1.1

after 1 month $1000 will be about $1008 ($1000 * 1.1^(1/12)). the 12th root (because there are 12 months in a year) of 1.1 is approximately 1.008

so if you invest $1000 every month for one year you will have after one year approximately:
$1000 * 1.008^12 + $1000 * 1.008^11 + $1000 * 1.008^10 + $1000 * 1.008^9 + $1000 * 1.008^8 + $1000 * 1.008^7 + $1000 * 1.008^6 + $1000 * 1.008^5 + $1000 * 1.008^4 + $1000 * 1.008^3 + $1000 * 1.008^2 + $1000 * 1.008^1
= ~$12643

[Anonymous No.830407]

>>830406
>you can still have some of your money in index funds to lower the risk.
*if you want. it's a personal choice.

[Anonymous No.830472]

I am wondering if it would be worth my time and effort to buy guitars and customize them and then advertise them on Craigslist. Now It would probably work at first if I did that locally, and built up on that. So the process of making the custom would be buying the parts from places (which I don't really know where off hand) and/or buying guitars with nice parts and stripping them and creating nicer guitars with said parts yada yada.. Things like that.

>Why guitars?

I've created my own guitars before and I've enjoyed it. I believe I am good at my craft. But I do wonder if it is worth doing. I believe there is money to be made, but noseblood money at first.

And I am aware that music is not a very profitable trade usually but I'm not looking to become bigger than Fender or Ibanez lol, although that would be nice. I'm an American in SoCal btw.

[Anonymous No.830491]

>>819620

+1 for the most passive aggressive header of any board

I kek'd

[Anonymous No.830530]

Is property still one of the best investments you can make? Should I work on clearing all debts prior to investment of any kind? Would you buy a house for yourself or buy a series of investment properties with a view to building your dream house when rich as fuck later? Really appreciating some of the replies in this thread so far. I'd given up on 4chan having any longer any useful info on any board months ago.

[Anonymous No.830551]

>>830530
>Is property still one of the best investments you can make?
Do people still live in houses?

[Anonymous No.830630]

Can ForEx data ever be skewed for bias? There can be no survivorship bias by the very nature of currency trading (please correct if I'm wrong). Ignoring data-snooping also

[Anonymous No.830752]

>>829852
What's a little drop?
1 on 100 dollars?

[Anonymous No.830820]

>>830630
Three words (sort of)
Tom Hayes LIBOR

Short answer yup.

[Anonymous No.830853]

>>830551
I mean purely in an investment sense compared to other investment types.

[Anonymous No.830911]

>>825729
Total Stock Market index fund. Or just US stocks if you feel overwhelmed by the world.

>>826311
The Bogleheads guide to investing for a general, extensive ride. The little book of common sense investing (both by Bogle) if you want a starter on index funds (the core of investing).

>>826547
Without telling us your country of residence, impossible to offer any relevant advice.

If US, then go directly to Vanguard.

>>828163
It is. London is the host to the most bloated industry in the world.

>>823370
>>828275
REKT
and keked at
>South African Rape prevention propaganda board

>>828651
Currency risk tends to even out in the end. You changing pesos to dollars ought to be made due to its stability vs the peso. i.e. Currencies fluctuate: don't bet that the dollar will rise forever.

>>829136
OP here. I'm truly glad to see that the thread is alive and full of questions.
Here's my answer: Mr. Money Moustache did it in 9 years. 9. Fucking. Years.
He has a wife, a son, a car, everything he fucking wants and hasn't ever touched any other investment that isn't index funds.

Start reading his blog instead of paying attention to clueless people like
>>829431

>>829758
Check this
http://www-01.ibm.com/employment/us/extremeblue/roadmap.html
But I would seriously ask on /g/'s /dpt/.
>>>/g/49220997

>>829772
Lump sum investing beats DCA more often than not, but DCA will give you more peace of mind. Make your choice, and good luck, anon.

>>830322
>>830328
I'm not saying you have to do anything. I'm just pointing the, arithmetically proven, best way so you don't waste your life chasing ghosts. If we lived twice we could afford it, but since it's not the case, we need to ace it on the first try. Filter out the noise. Use this to estimate how close you are to retirement. You can program it yourself with the formula (I will look for it. Different computers).
https://networthify.com/calculator/earlyretirement

[Anonymous No.830916]

>>830491
Much appreciated.

>>830530
> Really appreciating some of the replies in this thread so far. I'd given up on 4chan having any longer any useful info on any board months ago.
I'm delighted to read this. I felt the same, so I tried to make a difference.

That being said. I recommend reading this.
http://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/
tl;dr
Your house is not an investment. Buying rentals is, but you could also forget it and buy REITs.
http://www.mrmoneymustache.com/2011/08/15/become-a-lazy-landlord-with-reits/

>>830911
Had to split it because my answers are always walls of text.

[Anonymous No.831278]

>>830911
>>830916
Take a good hard look at the catalog and lose all hope.
For instance
>>823392

[Anonymous No.831440]

>>831278
Well, some people are simply impossible to help. No matter what you tell them, show them, you simply can't help them because their great willingness to be wrong and stay that way.

One can only aim to help those who want to be helped. That applies to every aspect of life. e.g. People that chooses to stay in abusive relationships.

[Anonymous No.831707]

>>831278
If these people think throwing it away is a good entertainment of good use for their money, it's fine by me.

Everybody deserves the consequences of the choices we make. These people aren't fooled by evil lottery vendors, they freely choose to live ignoring reality.

Glad to see some sensible answers among the 'you have to play to win' bullshit.

[Anonymous No.831778]

>>819620
How do you find information on a fund or stock..better yet, how do you project how it will turn out? I am thinking of starting trading with 100 a month in Oakmark or S&P 500

[Anonymous No.831802]

>>820815
33~32
37~36
32/36=8/9=.88, round to 90%

45~44
44/56=11/14~77%, should be higher because 45>44 so call 45/56 78%
so like a 22% decrease, round to 20%

[Anonymous No.831861]

>>831778
Yahoo finance, Google finance. On funds, read the prospectus. On individual companies stocks, read whatever they publish quarterly (don't know the name).

You can't forecast/project/predict the future. It's not possible unless you're a wizard, and hitting 28 without getting laid is too much to bear.

Best of luck. I'm fucking out.

[Anonymous No.831899]

>>823073
How about Medicine?
I'm other guy though.

[Khanate of the Golden Horde No.832163]

>>831861
Alright, I notice there are like 10 different oakmark funds, how do you find which companies are in each fund. Also what are stock trading software for if we have google?

[Anonymous No.832169]

Question about recruiting laws.
Say I go into a restaurant, and for whatever reason I think the server is a really sharp person who I would consider hiring for an unrelated position. Is it not legal to give them my card and say call me if you want a new job?

[Anonymous No.832387]

>>832163
Couldn't understand the second question, but for the first, you download the holdings list. From the fund page. In sites like morningstar they show you the top holdings of each fund (e.g. Apple 2.09%. Exxon 1.3%, etc).

Stock trading software... whatever online platform your broker provides you with. You shouldn't need anything fancy if you are a buy & hold investor. If you have already decided the tracker/index, and several companies track it, aim for the one with the lowest TER (Total Expense Ratio).

[Anonymous No.832407]

Im from europe, neet and have 10k to invest. I drive taxi during the summer and earn a bit of money but i have no job during the winter.
Whats an online job that i could do with some experience in computers, during the winter? Or where should i invest my 10k?

[Anonymous No.832455]

>>832169
That's perfectly fine.

[Anonymous No.832680]

>>819620
Can you get dividends from index funds? Let's say you put 1k into s and p 500

[Anonymous No.832689]

>>823872
A second job.

[Anonymous No.832690]

>>832680
Yes, of course you get dividends.

[Anonymous No.832707]

Quick question - why would a lender ever offer 0% finance? Where does the profit come from? The retailer?

[Anonymous No.832709]

>>832707
Assuming its not a promotional rate that increases later, then your lender is actually also your retailer/manufacturer.

For example, say Ford offers 0% financing on their cars. Why would they do that? Because they make a nice profit on your purchase of the car, even if they don't make anything on the loan.

[Anonymous No.832741]

>>832709
I bought gym equipment and am pretty sure the finance company is a third party one, as I was initially declined credit by the retailers suggested lender.

[Anonymous No.832749]

>>832741
If they are truly unrelated, then the finance company is getting a subsidy or kickback from the retailer or the manufacturer.

[Anonymous No.832757]

Has anyone here worked with Google Adwords?

My company is paying $400 a month to a 3rd party company for campaign monitoring, bid adjustment, performance review and competitive analysis.

Are these metrics not monitored by Google on the analytics? I don't understand why we are paying for this info. We rarely change our keywords. 5 grand a year seems like a lot to shell out for next to nothing.

[Anonymous No.832996]

>>832407
please help with suggestions or tips

[Anonymous No.833843]

>>832996
Seconding this, particularly how to invest 10k in europe.

[Anonymous No.833882]

>>823339
>paying 98 cents a month per 10,000 dollars is too expensive
that is your only argument is the fee and the concept that everything you do should be on your own? But to buy stock you need to message a stock broker and they charge fees as well.

There is no making money without reaching out to others and getting charged fees.

[Anonymous No.834050]

i am 20 and in law school
i repeated the first year (2 semesters) because i didnt pass exams and will probaly wont pass this year again
is it worth trying it a thrid time?

I really dont know what to do

[Anonymous No.834389]

>>833882
Dude, a lower TER beats a higher TER. It's just math. We already have to pay brokerage transaction fees and you say you don't mind enlarging that hole? You're either out of your mind or a shill.

>>832996
>>833843
Guys, really, read the thread. I know it's long but there's good advice in here.

Buy a total stock market index fund, and do so through a good, cheap broker.

This lady discusses some of them. Her blog, comments included, are a good source of information, but you should do your own research (Bogleheads forum, Mr.MM Forum, etc).
https://econowiser.wordpress.com/2014/01/15/new-index-investing-strategy-meesman-binck-and-maybe-interactive-brokers/

The index fund you buy is up to you (look for low TER. Costs also compound, you know?), but the broker choice might be limited by your country of residence.

It's a bit to do the research, but it's time well spent and there's a ton of information out there.

As long as you don't fall for the 'pay me to make you richer' meme and stay the course, you'll be fine.

>>832407
I have no idea about what you could you. Does it really have to be online? Sysadmin? Anything that can be done through ssh? There's a lot of stuff to be done if you remove the 'online only' restriction.

>>832680
>>832690
An index fund will surely have some company that distributes dividends. Some of them have the option to reinvest them directly. This is a good option if you want to avoid being taxed on those dividends, and reinvest directly.

If the fund is marked as 'distribution', it gives dividends. If it's marked as 'accumulation', it reinvests the dividends directly.

e.g.
Compare AMS:IWDA with AMS:IWRD in Google finance. The distribution one (IWRD) has a 'jump' down whenever there's a dividend distribution, while IWDA goes unaffected (accumulation).

See what works best for you.

[Anonymous No.834401]

>>834389
>This is a good option if you want to avoid being taxed on those dividends, and reinvest directly.
Aww, and you were trying so hard. You pay taxes on all dividends, whether reinvested or not.

[Anonymous No.834534]

>>819685

Not necessarily, but if you are advertising cat litter then it certainly helps to be passionate about cats. Maybe sprinkle the advertising with stuff like links to vegetarian recipes and no-kill animal shelters to make you look more human.

[Anonymous No.834721]

>look for second job
>see ad for mystery shoppers
>almost sign up
>they want my driver's license number

Is this a scam to steal identities? I didn't need to prove I have a license for my 'real' job and it's my first non-retail gig so I don't know how checking one's driving record is done.

[Anonymous No.835010]

Would the IRS get suspicious if you had no job but you had a apartment and pay the rent ?

[Anonymous No.835148]

What kind of limit orders do you place? Good till cancel, day, fill or kill?

[Anonymous No.835329]

>>834389
I only chose to go for online jobs, because a lot of jobs in computers tend to be unavailable, as in, they aren't hiring.
I'm from Slovenia, and it's difficult to get into the field without knowing someone who works already in it.

[Anonymous No.835347]

Why is everyone jew memeing instead of working?

[Anonymous No.835762]

Any landlords here? What is it like?

[Anonymous No.836030]

>>829840
I actually dropped two units and kept on with two units, I did the tax one a couple of days ago and have the accounting one tomorrow morning. Any last minute things to remember for the accounting? It is financial so I'm guessing as long as I can do journal entries, posting and such I'll be fine.
>I think I'll pass the tax I don't think my marks will be great

[Anonymous No.836043]

How do I build wealth?

[Anonymous No.836062]

>>834050
Why are you failing? Is it because you're shit at law? If so, quit and so something you're less shit at.

[Anonymous No.836169]

>>836062
my answers are usually right but its hard for me to explain/cause the answers. My answers are usually to short, thats my main problem

[Anonymous No.836208]

>>836169
I guess practice irac. It is law so it is open book right? If so maybe practice questions and bring in copied answers and detailed notes.

[Anonymous No.836250]

/tg/ here, I want to learn some of the science. Could /biz/ recommend me some literature on the subject of global economics?

[Anonymous No.836278]

Do you buy ETF index funds when they're low or high? US seems to be at a high and Canada and emerging markets at a low.

[Anonymous No.836313]

>>832741

Sounds like you're talking about financing via store credit cards. Those cards typically offer promotional 0% rates if you pay off your balance in time (6 months, typically), but charge you interest at a way higher rate and have pretty high late fees if you don't. Essentially, they make money by assuming a certain percentage of their customers will fuck up and pay late.

[Anonymous No.836483]

>>836278
I'm to dumb to answer that question so I just dump 100 bucks every month into it.
>dollar cost averaging

[Anonymous No.836528]

Somebody explain investment bonds to me. How do they work? Is it reasonable to compare their interest rates directly with interest -paying accounts?

[Anonymous No.836533]

>>836043
Make your income greater than your outgoings.

[Anonymous No.836574]

Right now working as a helpdesk/IT operator, have a wide knowledge in computers, a little programming ( C++, python, javascript, html, autoit, imacro, HLA) have experimented with many scripting tools and software but I am no expert in any of computer related fields, I just know a little of everything. Have tried to learn 3D modeling(3 years autodesk Maya), video editing(adobe aftereffects).
My question: what jobs could I do in IT field?
I have no university education, no real portfolio to show, nothing.
I don't have any specific interests, I love to try everything but nothing holds me to digest one thing to fullest.

[Anonymous No.836581]

Is raising the minimum wage a good idea?

[Anonymous No.836664]

>>834401
You pay the taxes on the capital gains of those shares whenever you sell them, but that's it. The world is bigger than the US, if you hadn't realised yet...

[Anonymous No.836666]

>>836581
Compare Costco and Walmart and drawn your own conclusions...

Or try the reverse: imagine that they lower the minimum wage. What changes?

[Anonymous No.836696]

High, I am a Chemical Engineering student in Europe halfway through my degree. How should I proceed in order to make good $$$?

[Anonymous No.836703]

Hi, I am a Chemical Engineering student in Europe, halfway through my degree. I live with my parents, uni is in my hometown. No job, 5k in savings from family. How should I proceed in order to make some good $$$?

[Anonymous No.837136]

>>836664
you don't even pay that with an investeringssparkonto, just ~0.2%/year of your account's value.

[Anonymous No.837236]

>>836703
Get job, save money if you can, better still invest it. At the very least use it to avoid debt.

[Anonymous No.837409]

Hey /biz/
Need some advice and would appreciate input.

I am going to enter my semester year of college majoring in finance. I want to get a job that can help me get my series 7, 66, 65 and others.

Most jobs I found so far to get my foot in the door are companies like mass mutual, mutual of Omaha, AxA, and many other firms that basically make you a contract worker/agent. Which means 100% commission and even paying for your own cert training.

Who doesn't do 100% commission and dieai make you pay for your training? Also a lot of them charge you to use their office and equipment.

Also I have a few years of sales experience and other work experience.

Thanks.

[Anonymous No.837414]

>>836664
Are you really citing some shit country tax laws and pretending you know something? No one cares about third-world investing.

[Anonymous No.837523]

>>837414
>butthurt

[Anonymous No.837527]

>>837523
Can't believe you're still monitoring this thread, kid. You've been insulted, ridiculed, mocked, and cucked more than I've ever seen on /biz/. You must be a real masochist.

[Anonymous No.837585]

>>837527
sure got me crying over here with that kindergarten-tier shit flinging

[Anonymous No.838113]

New to investing... whats the minimum I should invest at a time considering it costs me 7.95 per trade?

Is there a general rule of thumb? (IE keep commission at X% of the total trade)

Or is it something that varies based on the stock?

[Anonymous No.838281]

What's the difference between a fund that invests in physical gold and a fund that invest in gold-mining companies? They seem to follow the same trend.

[Anonymous No.838287]

>Most questions in this board don't deserve their own thread.

Shut the fuck up OP

[Anonymous No.838614]

Say I was a decent amateur writer, who excelled in fiction writing, but would deal with nonfiction. I could write about nearly anything, provided I have a topic for a backbone. I want to work from home, with preferably small articles/passages, is there hope for me? Not looking for mad dosh or anything, maybe something like 30$ a piece.

[Anonymous No.838760]

I live in Washington and I want a job on the east coast, I have a degree. How can I best find a job?

[Anonymous No.838813]

Which masters should i get?
MBA ( wash u stl)
MS finance ( wash u stl)
MS econ ( slu) and then work to my phd
MS applied financial econ


I am also doing the CFA ( passed lvl 1 in june) and thinkibg about taking the CBE exam from NABE


My employer will pay for half of my masters, i have 12k in cash saved .

[Anonymous No.839583]

>>838281
Please, an opinion.

[Anonymous No.839588]

>>819620
I've recently downloaded plus500 for stocks? Could you give me advice on investing,is it best to invest in crops or nat resources or tech companies? Also, help with certain terminology about shares that i've heard.