Off to attend a financial advice workshop hosted by Robert Kiyosaki in the coming weeks. Does /biz/ Think it's good advice for a newcomer to the world of Entrepreneurship and investing or am I about to get a great long stump speech I should take with a grain of salt
How do you see the long term pricing of Oil? Do you think that oil is going to continuously drop. From what I've gathered by looking at the pricing over the last few months is that it seems to fluctuate quiet a lot. Are there any major events that I might not be aware of?
>>1042201 I'd like to see anybody actually explain in concrete terms the bull case for oil.
Because there isn't one. The North American supply is locked in, ready to be extracted by whomever is left after the bond collapses and dividend cuts and whatever bankruptcies have to happen, but the supply doesn't change because of any of that, the oil doesn't care who fracks it up.
Plus, the industry now knows it's own and all it's competitors per-rig cost to operate because the rigs, which... Comment too long. Click here to view the full text.
There is a power game being played by the US, China, Russia, Saudi, and Iran. They're manipulating oil prices to defeat their enemies. The US is actually doing worse than they're reporting. China is being raped by low oil prices, ballooning debt and devaluing Yuan. Russia needs the oil budget, but somehow they're still kicking. They may have a secret funding operations that no one knows about. Saudi Arabia is taking out loans to meet their day to day government operations, and now they're in talking of privatizing their state-owned oil assets because they... Comment too long. Click here to view the full text.
>>1042187 You keep using the word inflated like you know what it means. People are buying these homes at their market value. It's basic supply and demand. If you get outpriced out of a major city like toronto or san fransisco because rich succesful people are moveing in then either step up your game or gtfo. If you can't afford an 800k mortgage then why are you complaning? That's the universe telling you that you're too poor to live here.
Is a mortgage classed as "debt"? I mean of course it is, but if my investments are paying more than the interest oon my mortgage I shouldn't be worrying about paying any more than the monthly payment should I?
>>1042154 "Finance" is pretty vague. Even accounting falls under finance, but accounting will BTFO by automation.
Finance in general is pretty safe since this is the last place where people want to make compromises. Of course some people will advertise going full roboting even on portfolio management (http://www.investopedia.com/articles/investing/110514/how-financial-advisors-can-adjust-roboadvisors.asp) but they will turn out not to be very good, since they can only perform well when people know what they... Comment too long. Click here to view the full text.
no. everything involving finance is VERY heavily threatened by automation.
- think how much faster computers can peform complex calculations fetching data from various sources - think how much more logical and non-emotional computers can make critical decisions - no need for outer-body components or robot-parts to perform actual actions (all digital)
Most people I have seen with these degrees work their ass off. In school they study hard as fuck to get the best grades. They network their ass off everywhere. They join relevant clubs. They intern every chance they get. They search far and wide for the best jobs. At work, they start early and stay late. They make sure their work is on point and accurate. They take care of themselves (eat, drink, and exercise).
You need to understand that a degree does not confer any benefit. It's... Comment too long. Click here to view the full text.
>>1042095 >pay a college grad what a grade 9 dropout shovel-wielder would have earned 40 fucking years ago (in real terms of course) >surprised you can only attract bottom of the barrel trash You get what you pay for you retarded fuckbag.
>>1042083 Old person with semi-lengthy professional history here. I find it mildly useful to keep in touch with people I've worked with, or met at professional events, but with whom I'm not necessarily particularly friendly. Not everyone's card makes it into my various contact lists. I don't have many personal friends on LinkedIn, and I am not Facebook friends with professional colleagues, so they're useful separate networks.
hey /biz/, I'm 20 years old and I just opened my first roth IRA. I plan to make the full contribution every year since I have a high paying job (for a college student) and little financial obligations.
question is, how should I invest it? a guy at the bank called me and told me to invest it in mutual funds, but he sounded kinda slimy so I want a second opinion from you guys.
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