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Archived threads in /biz/ - Business & Finance - 254. page
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File: corporate greed.png (89 KB, 478x462) Image search: [iqdb] [SauceNao] [Google]
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Well capitalists? I'm waiting for an answer.
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>>1431593
Because of inflation
>>
>>1431593
It'd have more to do with the Fed, but people get killed trying to dismantle it.
>>
>>1431593
You're right. Let's make minimum wage $56 per hour. The more the merrier. Prices are going to rise anyway.

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Don't forget to WERK WERK WERK WERK citizen! We'll be broadcasting that message in supermarkets, on the radio, at sporting events, and in adverts!
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>>
>>1435730
He earned it by making the right choices. Deciding to be born as Duke of Westminister was smart.
>>
This is just motivation to create my own family fortune.
>>
>>1435730

Lmao nigga still ugly af money won't change that

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314 replies and 51 images submitted. Click here to view.
>>
Make Crypto Great Again!
>>
try /r9k/
>>
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>>1434315
You were too quick lad!

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Why did Capitalism go wrong after 1970?
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>>1433279
The current income is "good enough" for the common person so business has the upper hand in bargaining wages. Technological advances increase productivity exponentially when compared to income, so people don't even know they are getting cucked hard. Businesses have become better at keeping profits to themselves. Less people employed mean people can't afford stuff so there is increased competition to undercut, making the increase in productivity negligible. Money is being tied up in housing and shares....
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>>
>>1433279
Prove it went wrong?

my families' networth has been steadily growing
>>
>>1433302
Most of what you said makes sense, but I would also argue that most of it can be traced back to automation of jobs.

As for the "good enough incomes" argument: it is certainly an explanation for the social apathy about macroeconomics, since they still have enough to feed and house themselves.

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ITT: Trump's tax plan.

So I ran the numbers today after seeing Trump's tax plan. It looks like someone making around $50k a year will pay about 1.8% less federal income tax a year. Any tax cut is a good thing, but how is this significant to the average tax payer?

Very high earners get the best deal, a 6.6% cut from the current rate for income over ~$410k. You don't need to calculate the entire federal income tax cut for someone making $500k to see that they're getting a significantly higher tax cut as a percentage than the average middle income...
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>>1432326
the idea is that if you cut the rate but reduce the exemptions more commerce will happen. our entire economy is unfortunately based on consumerism(NOT capitalism) so it should help, but i doubt it will drop the deficit. not that it really matters
>>
Funny how conservatives always bitch about DEBT when it comes to improving government programs, but when it comes to tax cuts deficits don't matter.

Give me a fucking break. You jerk off over income tax rates but have ZERO EVIDENCE that tax cuts make an economy better. We have had decades of tax cuts and look where we are today. A fucking limp boner low-energy economy. Obviously tax rates are just not low enough, we need to double down like we have been since the 1980s.

How can you even defend increasing the rates for people who earn less than $10k, while...
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>>1432326
Why shouldn't someone making more money get a larger tax break? They are paying a significant amount more both as a total amount and as a percentage after all.

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$VRX fail 2.0 edition?
http://www.strawpoll.me/10966554

Previous Thread: >>1434957

Unofficial /biz/ chat
https://discord.gg/014fDbZ8P7TPWMIEr

Stickerbitch's diary of disaster and memescalendar:
https://calendar.google.com/calendar/embed?src=moonmissioncontrol%40gmail.com

--FAQs for Robinhood--
Visit the website first - www.robinhood.com
If you're not into robinhood - http://www.stockbrokers.com/offers
> How is it free?
They...
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>>
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NVDA earnings hype.

>inb4 7-10% gainz
>>
>tfw you dont have Robinhood in your country
>>
>>1437382
take a look at DeGiro!
Also, what do you guys think about $AMRS? Thinking of getting a small position and see what's gonna happen.

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Well /biz/ I have pretty much accepted that I will never be successful in life, no matter how many times I uninstall Steam I always keep coming back and even if I managed to quit I would just get addicted to something else like I have been doing for the past 4 years then come right back to Steam.

What jobs should I be on the lookout for with pretty much a bare minimum HS education? Will I have to finish school later on to make sure I don't end up homeless?
How fucked am I?
78 replies and 5 images submitted. Click here to view.
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>>1430460
What is Steam?
>>
>>1430470
It's pretty much synonymous with Video games.
>>
>>1430472
This tells me nothing.

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Guys who earn a decent amount here, let's 100k+ yearly.. Has it helped you with women at all? Approaching and getting approached, finding a girlfriend and so on ..
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>>1427205
nope im still a big fuckin loser
>>
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>>1427206
same
although I just crossed the six-figure threshold last month, so m-maybe th-things will improve
>>
>>1427209
congrats bro

it doesnt

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What is the value of American citizenship? How valuable is American citizenship in comparison to other countries?
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>>
300% more valuable because it is the best place on earth. Countries that are not USA are third world
>>
>>1435632
Fixed costs are higher but variable costs are lower. I.e college will fuck you but taxes won't (as much)
>>
Considered how hard it is to get it and how it differs from another countries

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I've posted this on a few other boards, but surprisingly never tried it on /biz/

Ask the GM of a Walmart in the American south anything you'd like
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>>
How much do you make
>>
>>1433154
Nah
>>
Is WMT still trying to expand? What is your long-term plan?

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I'm going to make Elon Musk my bitch.

I know what he wants to do, I know he wants to help. But there are bunch of glaring problems I see and I can easily be way better than that cunt. For one, he doesn't make money. That is an economic disaster. He doesn't make money. You know who makes money? Warren Buffet. He purchases assets that produce more money. His company is sitting on 55 billion dollars of cash which will be reinvested. Solar City and Telsa are both $4 Billion in the hole, together $8 Billion in debt. Economically this transaction is referred to as a "favor". The favor is not stable, the only stable economical transaction is the "deal". Warren Buffet thinks 50 years in the future and Elon just wants to see his toys go.

Elon says he wants to reduce global warming by reducing our carbon emissions. The fatal flaw in this plan? Elon Musk can't see outside his own bubble. For example: the dude is a meat eater. If he put his money where his mouth is and applied his "first principles physics" to the world, he would see that more global-warming gases are produced by livestock than the ENTIRE transportation sector including all cars, trucks, ships & airplanes. Why is he not a vegetarian? Why is he not starting a company that would really combat the problem? Not to mention that his cars run on electricity, and 70% of the world's electricity is generated by fossil fuels. So after even after a 4 Billion dollar debt the company has still not reduced carbon emissions. Pathetic. And before you say SolarCity fixes that problem, I just might smack you in the mouth because SolarCity is the most unecomical idea I can fathom. SolarCity is incredibly misguided and if you need me to explain to you how bankrupt they will be if they carry out their plan I will.
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Worst part is that Elon thinks he's the shit, that he's this brilliant business leader making a bunch of money, buys $17M house, He thinks he's great with money and economics but he is SHIT man. I will beat him. Me and Elon Musk are mortal enemies. I want history to remember me more than him. I want to actually SOLVE our climate and energy problem, not just do a dance and pat ourselves on the back.


Step 0:
I have an Amazon business right now, but it's a takes-money-to-make-money situation, I make good profit margins but the cashflow is upfront...
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>>
Going to suck off some politicians to get those sweet government subsidies and tax breaks? No? Good luck.
>>
>>1430130
seek for help or try r9k

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Is trading a zero-sum game?

I understand it's up to the trader to take a loss and not the game itself, but in no scenario can there be a win/win transaction. So no wealth is created. How is this not zero-sum?

I'm not asking this because I'm salty about it, just curious.
112 replies and 10 images submitted. Click here to view.
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>>1428724
>I have $2
>you have a sandwich
>I would rather eat the sandwich you made than have my $2; so I will be stronger, happier, will be able to work better
>You would rather have my $2 than your sandwich; you'll be richer and will have obtained profit, and now you can spend $2 in something else that you want
>>
>>1428735
A product or service has been exchanged in your example and both parties are better off because of it, win/win.

Not to say there aren't bad deals in the market, sometimes your sandwich taste like shit.
>>
>>1428724

I don't think you understand the definition of zero sum

I don't see any difference between short selling and gambling .

They're both fucking retarded .
How am i wrong?

Also . Why the hell would banks do this, Their besmirching their own product, and brand name, potentially FOREVER by letting their AAA bonds fail like that.

How do you honestly trust the banks and american market after this?

It's gotta be the dumbest shit EVER .

Still wouldn't short em , when I can get the same effect by buying after the collapse, but actually have tangible assets, and not worry about the...
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67 replies and 7 images submitted. Click here to view.
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Bullshit you can short something to hedge your portfolio so shut the fuck up and read a book
>>
>>1435337
And you think buying a """"dip"""" is any less risky? Shorting is betting against idiots who generally lose money, rather than competing with people to get in on a quick rise. As TVIX approaches infinity, their share value approaches 0. So shorting is always the better idea in that case. When it goes down, it goes down hard. When i goes up, it goes up sharp but usually corrects itself or goes down shortly after. I would rather go short than go long.
>>
>>1435349
naw, i'd rather hear you try to explain to me how that would ever be beneficial.

You either think the stock you bought is gonna go UP or DOWN

which is it ??

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GEVO cucks on suicide watch edition

Previous Thread: >>1433056


Unofficial /biz/ chat
https://discord.gg/014fDbZ8P7TPWMIEr

Stickerbitch's diary of disaster and memescalendar:
https://calendar.google.com/calendar/embed?src=moonmissioncontrol%40gmail.com

--FAQs for Robinhood--
Visit the website first - www.robinhood.com
If you're not into robinhood - http://www.stockbrokers.com/offers
> How is it free?
They invest your unsettled...
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339 replies and 77 images submitted. Click here to view.
>>
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>alcohol to fuel a jet
b..but how can this be profitable?
>>
>>1434957
Look at GEVO, buy the dip!
>>
Serious question, how many people here beat the market? Is it absolutely necessary to delve into all of the reports? Would you agree that most normies should stay away from the stock market/day trading and stick to index funds? And lastly, does robinhood make all the difference in profitable day trading for the little guy? Thank you for your time.

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Buy High, Never Sell Edition


>>1428651
>/RGT/ ROBINHOOD GENERAL


Unofficial /biz/ chat
https://discord.gg/014fDbZ8P7TPWMIEr

Stickerbitch's diary of disaster and memescalendar:
https://calendar.google.com/calendar/embed?src=moonmissioncontrol%40gmail.com

--FAQs for Robinhood--
Visit the website first - www.robinhood.com
If you're not into robinhood - http://www.stockbrokers.com/offers
> How...
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424 replies and 93 images submitted. Click here to view.
>>
>>1433056
that pic is freaking me out
>>
>>1433056
>android emulator not on mac
REEEEEEEEEEEEEEEEEEE
>>
My first week trading

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Anybody dabble with the street pharmacy industry?

Not talking about nickel and dime shit, I mean actual weight (kilo/coke,lbs/bud,liter/testosterone,sheet/lsd,etc.).

How does one build themselves to that point?
55 replies and 2 images submitted. Click here to view.
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>>1432145
Connections. That's all you need.
>>
>>1432154
What would be the best way to go about that? I've read a few stories of people maintaining clientele from c-level executives (pic semi related).

I'd prefer 10 moby dicks, than 100 nignogs.
>>
>>1432154
Not really customers more than anything I could get pounds of meth and coke on credit if I wanted but don't have the cliental

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>TFW parents are forcing me to pay rent now

How the fuck am I suppose to save and invest NOW?
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>>1430811
Get a job, work your way up a ladder you kike. On serious note, I wish you the best of luck.
>>
>>1430814
I had a job but I was enjoying investing 90% of my income a month, I was so happy i was on the right path to becoming financially independent
>>
>>1430815
> Financially independent
> living with you parents

Hahahahahahaha I can't stop laughing

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How much money do you need to invest to live off the returns/interest? Need enough for a basic NEET life (studio apartment, internet, groceries)
50 replies and 4 images submitted. Click here to view.
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>>1430182
Your return will be about 6-8% on a yearly basis, so calculate how much money you'd spend in a year.
>>
>>1430182
just get the government to give you the money for free you daft twat.
>>
>>1430184

about $1500/mo after taxes

>>1430185

I'm a white male. No government monies for me

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/TCG/ TELL YOUR WIFE AND YOUR WIFE'S SON EDITION!

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www.trumpcoin.com <--- Brand New & Improved

HYPE VIDEO, SPREAD THIS SHIT!
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Buy some pic related here and share them around!
https://bitcointalk.org/index.php?topic=1558916.380

TrumpCoin tipbot is live! /u/mags tip
https://www.reddit.com/r/trumpcoin/comments/4w9h91/trumpcoin_tipbot_is_live_umagatip/

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325 replies and 56 images submitted. Click here to view.
>>
>>1428755
>>1428764
>>1428774
>>1428776
>>1428787
Where's this guy?
>>
>>1430160
Gone with everyone's Trumps.
>>
>>1430160
Video gained 8000 views already

So is the S & P 500 overvalued? If so by how much? Why is it overvalued? What should we expect in the future?
52 replies and 11 images submitted. Click here to view.
>>
>>1428770
>So is the S & P 500 overvalued?
no
If so by how much?
none
Why is it overvalued?
it isn't
What should we expect in the future?
for it to go up
>>
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>>1428770
:/ My chart of it doesnt look quite so magical and dramatic.
>>
>>1428770

Thing is. Human progress is exponential.

If the SP500 reflects that, then it should also be exponential.

Short of society collapsing due to robots, then it should always go up.

But robots are a thing now, so buyer beware.

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http://www.theglobeandmail.com/report-on-business/economy/jobs/canadas-july-employment-figures/article31286881/

Canada’s steep job losses another blow to struggling economy

Employers eliminated 71,400 full-time positions, the second consecutive month of full-time declines, but 40,200 part-time jobs were created. Meanwhile, the participation rate fell to its lowest level since late 1999, as more people either stopped actively searching for work or stopped working altogether.

Over the first seven months of the year, employers created 12,400 positions, representing...
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66 replies and 5 images submitted. Click here to view.
>>
>>1428389
Excellent. Time to hire cheap Canadian labor for my American business. You guys are the new India, right?
>>
>>1428393
>You guys are the new India, right?


Basically, a programmer here makes around 60k(assuming they can even find a job) when in silicon valley they could be making 150k
>>
How much to actually purchase a young, strong male frostback?

Education is not important as I'm slating him for manual labor.

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Has anyone here lied on their resume or references before? Have any stories or advice to tell?

I remember an enterprising group of anons banding together to create a fake business for this purpose a while back.
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>>
All the time

Do it, you wont regret it they never check shit
>>
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If I have a gap I just say I was working for a temp agency at a warehouse job or some shit to pay the bills, nobody bothers checking
>>
I remember hearing about a guy listing work experience from defunct/closed companies. I've never tried it, though.

Anyone here love the art of stock trading whether it's Options, Futures, ETF's or regular buying and selling? There's something about being so right, so fucking right above everyone else who doubted you when you win big on a stock call, it feels so good. It's such a thrill
7 replies and 2 images submitted. Click here to view.
>>
>>1433133
nah i just dollar cost average into the s&p500 every month and leave it at that

feels better knowing I put in 2 minutes per month to buy and I will come out ahead of 90% stock pickers in the long run who spend many hours doing bullshit analysis and looking at charts to find patterns that don't even exist
>>
>>1433136
>bullshit analysis and looking at charts to find patterns

Only day trader idiots do that , but you're not wrong
>>
>>1433133
but for most individual trades you're generally not 'right' but just lucky... trading is really about exploiting small edges... you finish in profit 'in the long run' if your trading activity is +EV but for individual trades (for an active trader) the outcome is mostly luck (albeit with a slight edge in your favour)

there are very few occasions where someone has a huge edge - your pic is relevant to this though... those occasions are where a lot of money can be made... but if you were...
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Where should I start investing my money? Any advice?
7 replies and 2 images submitted. Click here to view.
>>
>>1433097
trumpcoin
>>
>>1433106
Is this a meme, or does /biz/ actually believe in this tinfoil stuff?
>>
>>1433097

Buy ETC dip

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Just a quick question:

I applied for a $12,000 loan for medical purposes. The bank I applied with offered me a pretty low interest rate over 5 years but honestly I could pay it off in a year. Will they let me? They're asking something like $220ish a month but I have the income to pay up to a thousand a month. This is my first time ever getting a loan so I don't really know the logistics of it. Id rather not have debt for 5 years. Can I negotiate with them to see if they will offer me the option to pay it in a year if they won't let me pay it off early?

Thanks.
11 replies and 2 images submitted. Click here to view.
>>
Don't know if it helps but I live in Australia and the bank is NAB
>>
Can you earn more with the capital elsewhere than the interest would cost you?

This is the equation you need to answer.

You can pay the bank back as fast as you'd like.
>>
Why in the FUCK are you in need of a loan for medical expenses in Australia?

mfw I'm in the bottom 2 quadrants and working 2 build the top right, with an online service, and all the while the top left calls me "NEET"...

can someone explain this to me..
is it jealousy , bitterness , ignorance , or a bit of all 3 ?
15 replies and 6 images submitted. Click here to view.
>>
>>1432975
You know this guy is just a bullshit scammer, right?

This shit is fucking retarded, it's for idiots. In almost all cases you need to work in a field and have a job before you can start your business so you know the in's and out's. And being an investor requires money too, which you earn by working your job
>>
>>1432984

>In almost all cases you need to work in a field and have a job before you can start your business so you know the in's and out's

why are you assuming I have never had a job, or multiple jobs, and don't have passive income from investments?
>>
>>1432986
I'm saying the quadrant chart is idiotic

Yeah lemme just become an investor or start a big business without any capital

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Is it true that the "skills gap" is real and tradesmen are making good money?
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>>
Yes it is.
>>
>>1432952
Yes. Most Americans can't do anything other than like things on IG, retweet and pin things on Pintrest.


I employ automotive repairmen who make $70-90k/yr doing something not particularly complicated.
>>
>>1432952
Yep. Were living in economic collapse. We need people who can build society. Not crunch numbers.

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So I have 2 semesters left before I graduate with a Bachelors in finance.

The thing is I never got an internship. Will I have trouble getting a job around May of next year? I have basically only 14 months of work experience which is not relevant to my degree at Fedex in a warehouse.

Should I be trying to get summer internships for next year or is that a stupid idea considering I will be graduated by then.

Will talk to adviser at school about this but in the meantime would like other people's opinions on this.
7 replies and 1 images submitted. Click here to view.
>>
How the fuck haven't you acquired an internship yet?
1. Where are you in the world/usa(you better be near a big city)
2. are you on the dean's list?
3. what's your gpa
4. do you have family connections?
5. What kind of uni do you go to?
and 5. are you open to moving to a major city if you can't find a job in your area?

I work in finance, specifically as an actuary at an insurance firm.
>>
>>1432813
>Where are you in the world/usa(you better be near a big city
Massachusetts so I don't live in the middle of nowhere.
>are you on the dean's list?
no
>what's your gpa
3.2
>do you have family connections?
Pretty sure where my dad works they don't allow that type of shit to happen. At least in the same location.
>What kind of uni do...
Comment too long. Click here to view the full text.
>>
>>1432865
Do you have any siblings that work in the industry or may get an internship from pursuing the same degree area in college(especially a more prestigious one)?(Also, I don't know if you're a twin or anything, you'd be surprised at how many people get internships from siblings that have internships)

>I would move anywhere in the country. As long as I have a job.
Good, I hope you have the money for that though. Moving costs can range into the thousands.


Comment too long. Click here to view the full text.

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hello /biz/raelis i have an honest and sincere question meant for you guys.

what game has the best odds for some one to gamble in?

currently i've only lost about 70 bucks total on craps but probably 100 bucks amongst other table games.

is Craps the best choice? '

yes this is a real question, and yes i've played other games but craps seems to be the best.

also online casino sites for people who can't regularly gamble away from home?
9 replies and 4 images submitted. Click here to view.
>>
How the fuck did you manage to lose money on craps.
>>
>>1432611
not sure i start with only 40 bucks when i do play. lol

do you have some sort of method to make money?
>>
Probs blackjack. Best chance of a rookie gambler going in and winning money.

Just follow the situational rules in that blackjack grid.

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>born in America, Europe, Australia, Japan or South Korea
>isn't rich

How is it possible? You've born with everything that a person born in Latin America, Africa or Asia would want and you threw everything into trash. Why don't you consider suicide? Seriously.

I'm from Botswana, btw
12 replies and 3 images submitted. Click here to view.
>>
>in the trash

Fix'd.
>>
>Have $30
>Be "broke" in murrica
>In Mauritania they make $2 per day

Technically everyone with a few tens of dollars to their name is rich compared to the third world. So your point is valid, but not cogent.
>>
>>1432549

Because people are too blind to see STEM is basically a free money path.


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