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Archived threads in /biz/ - Business & Finance - 132. page
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/BIZ/ PSA:

There are users going around to every thread urging you to buy potcoin. This is part of that faggoty crypto trading group they sometimes advertise here.

They are small players and needed your help to pump the coin. Rest assured their plan is to dump while you are all still buying.

>source
I'm in the group


You're welcome.
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>>1551787
all of /biz/ is in the group, dumbass.

scammers trying to scam themselves and then wondering why nobody bought it.
>>
>>1551788
lol not all of /biz/ is in the group bro. maybe you're thinking of a different group.
>>
>>1551787
hey cunt. I'm the one and only person telling people to buy POTcoin on here, and i'm not part of any gay little discord group.

you are out of the loop and completely deluded.

POTCOIN is going to go up a tremendous amount higher, anyone buying potcoin in october 2016 will likely NEVER make a loss!

do the world a favour and kill yourself.

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https://youtu.be/0gYkqsxi2gc

Nocoiners btfo
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>>1551617
NO COINERS ALWAYS ON SUICIDE WATCH
>>
>>1551719
buy POTCOIN
>>
nocoiners, when will they learn?

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I work as an estimator in a commercial construction company in Sydney.

I pretty much have the power to influence who's quotes are used during estimation and then chosen during the project.

Is it illegal for me to give contractors insider knowledge of how high he can price a quote for and still be excepted and used?

Example. I have been getting a pretty good relationship with an electrician who I speak to on a daily basis for many works getting quotes.

He is always a good $5,000-$10,000 under the next lowest quote.

I was to propose to him...
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>>1551588
I'll also add we tend to have a lot of regulars who are smaller contractors where any couple thousand they earn makes a big difference to them.

An additional $2-3 grand 2 times a month would be a nice bonus for them and myself.
>>
You'll absolutely get fired if you're found out, but it's construction... everybody does it.
>>
The second you make money from it you will be fired. No one cares if you let your mates know because you want them to have the work. If you gain from it financially you are done.

How would you make $50 a day online with absolutely no startup capital?

For my specific situation I have to take care of my parents full time (to the point I can't leave the house) and they have no savings and social security just isn't enough. An extra $1500 a month would help out a lot but I'm not too sure how to to go about that.

Also trolley problem
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Babysit somebody's kids.
>>
Sell Runescape gold
Used to make a fair bit of money off of it.
>>
>>1551560
Fuck bro.
exactly like my story. Times get tough.. and I feel your pain. Keep at it though the harder the struggle the more you deserve it when you make it

Don't you guys find it a little funny how everyone on this board seems to be obsessed with Daytrading, Forex, pennystocks, swing trading, commodities, cryptocurrencies and such "get rich quick and easy" schemes?


And don't you find a little funny how the only ACTUALLY rich people on this board invest in the Index and go for the slow and steady?

Don't you find that a little funny?

Don't you think maybe they know what they're talking about? You know? Maybe $URRE and all those Marijuana stocks are exactly the same as all...
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>>1551455
>only invest in index funds, all money is in blue chips
>>
>>1551463
what
>>
>>1551455
Im at 22% YOY without the meme trading bullshit. Value investing 'penny dreadfuls'.

8% is simple for a risk averse numpty. you can simplify that return by just giving it to the bank, they'll work it harder than you can. real reward comes from real work.

Penny stocks are dead simple, especially on the ASX. Anything under 4cents is where the action is. I personally play under 2cents. a few pip movement is a few hundred bucks.

Value of market cap must be lower than value of IP or assets...
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Anyone here an economics student? I'm minoring in it, and next semester I have to take one of
>intermediate micro
>intermediate macro
>econometrics
Which one of these will fuck my shit up the least? I've done calc 1 and business stats so I wouldn't be completely outclassed with any of them. At least it's only my minor so I only have to take 1 out of the 3.
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Economics is sociology with money. None of it is real.
>>
>>1551435
Same boat as you, studying first economics/finance and mech engineering (Australia lets us do this)

I find macro more enjoyable, but micro is easier. I haven't studied econometrics yet but I've heard it's just math. If you found calc 1 easy I'd do econometrics, if you found macro hard I'd take micro, but if you did alright at intro macro I'd do intermediate because it's more interesting.

>>1551449
This is true. Make...
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>>1551435
Econometrics is the most scientific.

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Good places for a decent full grey suit (blazer, ties, oxford shirt, shoes)? Budget is $3000

>inb4 go to /fa/
/fa/ is full of homosexual neets

>inb4 so is /biz/
fuck off canada
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men's warehouse for max frugality
>>
Depends entirely on where you live. A fully-canvassed off-the-rack goes for $1k up. You likely won't be getting a bespoke or MTM + shoes + shirts for only $3k.
>>
>>1551353
If you are spending 3k on a suit right out of college, I would prepare for unemployment. People don't hire kids dressed better than they are. Go back to school and take Humility 101.

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Biz, Help me out.

I have a pretty decent job I am happy with, but the rest of my life sucks dog shit.

I am in my mid-30s single with no friends and terrible social skills.

With the massive amounts of time I have after work, I would like to get a part-time job that will help me out socially, and perhaps talk with co-workers like I used to back in HS. I am ultimately trying to use the extra time I have so I don't become a lonely alcoholic.

I was thinking about sales, but most are in retail, and I don't think that would benefit me too much...
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>>1551269
put it all in cryptocurrencies and retire early
>>
>>1551269
It's too late for you. People your age are to busy on their own bullshit to have you in their life. People younger than you will see you as the creepy old man. You need to get a hobby like biking to meet people at this point.

t. creepy old man
>>
Dude, get a retail job.

Im 36, changed career recently and moved into retail.

Stay away from fast food!

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So i have 14k in the bank (Canadian)

Should i go to college for business - finance
or keep saving to try and purchase a subway
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Also i'm 19
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>>1551246
You're going to need a lot more of that for a Subway m8
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>>1551246
purchase a subway.

you'll be an actual business owner by the time some finance faggot in college finishes his degree and is 80k in debt.

you can just watch youtube lectures or take MOOC's and learn more than they do.

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Hi, i have been trading stocks for a while as a hobby, yes i can afford to lose what I trade. I have recently diversified my portfolio into trading crypto. What im noticing is Huge fluctuations on a daily basis..

Is the cryptosphere basically a faster version of the stock market?
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>>1551224
Stocks are backed, crypto is useless except for meme tier speculation trading.
>>
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>>1551228
>>
The core dilemma is as follows:

>Many first adopters do so out of a speculative desire fueled by fluctuation
>Increased use results in wild price fluctuation
>Wild price fluctuation drives away businesses who don't care to speculate
>Without the participation of lots of business crypto remains unstable

Essentially you have a crate containing a crowbar. It can only be opened with the crowbar inside of it.

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Where is Deutsche Bank heading?
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>>1551157
higher. just higher.

will be at $15 USD by the end of next week
>>
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Next stop: toilet town.
Disclaimer:
> I only read zerohedge and crypto forums
> I watched the big short
> I watch Peter schiff and am sceptical of the fed

Memes aside where can I read pro fed opinions that aren't retarded. I want to be meta edgy in this board. Where's pro fiat, pro QE theories?
>>
>>1551157
Uranus.

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When did you realise that even 6 hours of sleep is a sign that you'll never make it? Obama has people to do everything for him as well. I'd say that since you have to do your own chores then you shouldn't sleep more than 4 hours a night if you want to make it.
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>>1551114
That's a list of only 12 people lol.

http://www.huffingtonpost.com/2014/04/28/successful-people-who-sle_n_5201290.html

For example Jeff Bezos sleeps a full 8 hours a night.

It's more about what you do when awake that matters. If you only sleep 2 hours a night but spend the other 22 bullshitting, you're not going anywhere.
>>
Someone needs to start pointing out that just because you list sources at the bottom of an infographic, doesn't mean anything if the sources just straight out pulled it out of their asses.
>>
>>1551114

Life is meaningless. Just came here to say that.

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Has anyone ever tried getting an MBA with no work experience? Does it actually help you get a amazing job? Did you ever get weird stories of needing to lie about your past or some kind of embarrassing thing where you were laughed at for not having many good work studies?

I am 22 and just about to study the GMAT but kind of hesitant and wanting to ask the audience.
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>>1551108
get a fucking internship at least dude
>>
I did.

huge mistake.
>>
>>1551108
>MBA with no work experience

Defeats the whole purpose of getting it in the first place

/sci/ is full of people who graduated with STEM degrees (chem, physics, math) and couldn't get jobs, so they immediately went into an MBA, and the end result is just more debt and they still can't get no job.

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Who else /arbitrage/ here? Those shitty cryptocurrency markets constantly have free money lying around
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>>1550990
Sometimes potcoin is a little cheaper on bittrex conpared to poloniex
>>
>>1550995
How bout them fees tho? Still an opportunity there after calculating in those?
>>
>>1551007
Maybe. I can see the opportunity but it is extremely fleeting. Maybe a bot could do it.

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Does good business advice even exist? I feel like it's all intentionally misleading because the people seeking advice are potential competitors.
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The more complex a real estate deal, the more it tends to suck from what I've seen. So I guess keep it simple?
>>
What specific business advice are you asking about?

If you're referring to typical /biz/ advice about shitcoins, weed stocks, penny stocks, forex, daytrading, Robinhood, drop shipping, food trucks, arbitrage, and precious metals, then yes, it's absolutely horrible advice, but it's not being give to intentionally deceive you. The people giving it are just retarded.
>>
>>1550997
Nothing in particular.
I just figure that those who are the most successful in a market are able the give the best advice but are also the most likely to mislead.

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>Be me, 27 yo
>Living in shithole country
>Very small salary
>About to finish my career as a translator. I can translate EN-SP
>Having a gf living in Europe now that I want to visit and live with her next year
>I need at least $1500 for flight ticket
>I already tried making money from fiverr, freelancer, upwork, and other similar sites.
>Can...
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>>1550948
sent ;)
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>>1550948
sent what?
>>
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> I can translate EN-SP
I am opposite. I can translate SP-EN-PT but not PT or EN to SP.
Try posting on yout Feicebuk account that you can translate and start by offering free translations for public sites so other people can see your work. By the way, where are you from my friend?

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Why is being a M.D. so comfy?

>can't get outsourced
>people know what you do and respect you for it
>literally among the fundamentally knowledge there is
>educated and sociable colleges

Not falling for the STEM meme feels good
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>wanting to deal with the general public
nah i'm good
>>
>>1550936
>pretends to be MD
>pretends to be educated
>can't spell "colleagues."
>>
>>1550936
>Falling for the job meme
Start a clinic and get some people working for you faggot. There's a ceiling on your income, get some worker ants to bring you back the money independent of your time.

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I don't want to find a brilliant new idea.

I don't want to create a new product that isn't in the market.

I don't want to invent an amazing "something".

I just want to open my shop, my gas station, my cafe, my restaurant, my factory, my manifacturer... and keep getting bigger.

Almost every single thread or article mentions "Finding a brilliant new idea!" or "The great new product!" when they mention entrepreneurship.

I just want to be my own boss, invest money in shop, work hard, get things...
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>>1550902
People keep recommending a book I've got called Personal MBA.

I would encourage you to innovate though. Think of the richest businesses and think about whether innovation has helped them get where they are.
>>
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>>1550902
I created a discord server with some other guys that more or less is about this general idea of startups and running a business.

Anyone else is welcome to drop by and have a look around as well.

https://discord.gg/URdCTzV
>>
>>1551557
>richest businesses
>innovation
I duno, it's a global pond now so big fish just get eaten by bigger fish. If you're a guppy...OP should start a business teaching people how to start a business maybe, be a guppy breeder.

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anon, is accounting becoming a meme? should i switch to statistics? i like maths and i'm pretty good at it. what really interests me is economy, but the university i attend teaches shit tier keynesian scum, and i currently cannot afford going to a private one. i'm currently on my second year so it's not like i wasted a huge chunk of my life.......i'm just starting to feel this accounting shit is worthless. should i just drop this shit and learn to forex/crypto trade?
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>>1550881
shameless self bump :(
>>
>>1550881
Short answer: yes if you are good. Anyone who is mentally capable of being an actuary and is not being one is a total idiot.
>>
>>1550881
Accounting is a lot better than "business" as a degree to enter general business, but the actual profession is becoming saturated.

Statistics or anything math related is always good.

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Would a "conservative" internet be a viable business venture? Not looking to implement it myself, just curious if it's feasible.

Basic idea is to create alternatives to the high traffic internet sites (twotter, facebook, et al) that promote themselves as an alternative to the "biased leftist" equivalents.

It wouldn't even matter if these sites are objectively left-wing or biased or whatever, all that matters is pushing the perspective that they are.

It worked with Fox News, what's stopping someone from doing this on the internet?
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>>1550878
it might work but there's a couple obstacles.

1. most conservatives are old and don't internet.
2. most conservatives are old and will be dead soon.
3. the current conservatism is based on denying reality, a strategy that doesn't work for long.
4. the current conservatives have been denying reality for over 20 years now, that strategy is closer to its end than its beginning.

other than that, go for it.
>>
>>1550895
Liberal kike confirmed
>>
>>1550901
yeah, you have a point.

conservatives are also stupid, and stupid people don't have a lot of money to spend. Low education, usually poor.

thanks for bringing that up.

Where are my discord bro's hanging out?
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>>1550834
Dudebro's come out bro
>>
>>1550834
hello
>>
>>1550834
>Reply
aye

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>TFW got fired AGAIN
>TFW starting to run out of money because I used almost all of it to speculate on pennystocks
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>>1550824
what do you get fired for?

if it's a bunch of different reasons, what do you think the real reason is?
>>
>>1550827
>what do you think the real reason is?

racism
>>
>>1550824
try r9k

Nocoiners on shaky watch.
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>>1550777
Nice digits


Yes, GBP weakness is making BTC a good option.

I think we could see $800/btc easily by december due to these brexit shenanigans.
>>
>>1550841
wait for Deustche Bank to hit the fan
>>
Fuck.
Now it's a doubles thread.
Check'em.

ITT: Why can't you just do this?

>find a volatile stock at its most volatile moment (about to release a financial report or something)
>buy a bunch of call options with current stock price as strike price
>buy a bunch of put options with current price as strike price
>options should be fairly cheap since they are at current price
>as soon as the stock makes a major move, whenever up or down, you use your options

This...
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>>1550698
Isn't that basically just a reverse iron condor?
It's ultralow risk but also very low reward.
>>
Because options obviously have expected volatility priced into them. You're just betting that the price will change more than the market expects it to, and that in no way is guaranteed money.
>>
because you need vast amounts of capital and speed to profit

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Hey /Biz/, I know most of you are people trying to invest high school grad money or figure out how to get out from under your terrible professional past. However, this is a good place to start.

How do I stop being a wage slave piece of shit cuck? I'm a second year college student and I'm starting to realize that there are two types of people in this country. Consumers and producers. How do I transition to the producer role so that my life isn't controlled be fast food and iphones? I don't want to be on the slummy poor side of this country. Any suggestions?
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You produce something?

That's how you become a producer
>>
>>1550613
Save money, spend less, invest in index funds, and develop marketable skills.
Spend what's left after saving.
>>
>>1550615
wew quite the way to put it. So I feel like going straight for entrepreneurial efforts is kind of an uphill battle. Like just starting a cheese slice company from the ground up is ridiculous. >>1550616
Develop marketable skills? Elaborate. Does this mean get a degree in something business related (even though college is absolutely useless for learning for only for get a degree.) Other than that this was very helpful thanks m8.

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How profitable is it to buy property and rent out a billboard? I've noticed that there's lot's of extremely cheap plots of land for sale pretty much everywhere, but I don't know how much your average person/group would pay me to use it for advertizement.
Could someone enlighten me?
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Zoning laws can fuck you.
>>
Advertising is immoral, fuck off.
>>
>>1551037
so is being a pricklepuss :^)

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How do I fund my African paramilitary group /biz/
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>>1550572
I thought Isis already had funding
>>
>>1550572
Open up several KFC knock offs on the African continent.
Shabby chic is the key to unlock gains as the african feels good about himself feeding his mate at the chicken restaurant.
Chicken is so good.
>>
>>1550572
Dunno, but I'm in if you give me a greater rank than a footsoldier
Might even convince some migrants to turn back with me on my way there lol

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Including older ones. Had a God-tier list saved from some Anon, but I accidentally nuked it from my meme-folder.
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>>1550465

Bump for interest, here are some of off the top of my head:

Glengarry Glenross
Casino
The Wolf of Wallstreet
The Social Network
Mad Men (TV show)
The Big Short
>>
Wall Street (both of them)
Boiler Room
>>
Der Bulle von Tölz

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>be NEET for over 3 years, never earn a single cent
>inherit $50,000
keep working, cucks.
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>>1550451
Damn, that must be awesome!
same here
minus, you know, the inherit part
can't force myself to work in a 9-5 again
3 years being a NEET nervous wreck
this life must be a sick joke or some universal-level reality show laughing on our misery
>inb4 kys, try /r9k/
>>
>achieving nothing in life

Work is good for the soul.
>>
>>1550557
>Work is good for the soul.
I bet you believe in that life is fair and everyone gets what they deserve too
I'd love to be that naive

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Anyone going to mine or buy zcash when it comes out?


I am aware of the broken trust system they set up ( https://blog.okturtles.com/2016/03/the-zcash-catch/ ) and don't really believe the coin will be a long term success (monero already does what zcash is supposed to and was implemented by the relevant markets first), but all the silicon valley hype around it will assuredly provide an opportunity to make some money.

One interesting aspect about the coin is that its hashing algorithm is memory-hard, which should mean that you could mine it anywhere (cheap...
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I recently bought a contract with genesis-mining for about 2BTC.

It is currently valued at $87 a piece. I am not sure how succesful it will be though.
>>
When can we start mining? On 28th or before?
>>
>>1550505
no premine also slow start, reward starts at 0, check the specifications


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