Hey /biz/. I'm 20 and I have about £3k savings. Although I have a basic understanding of finance, I have 0 experience of actual investing. What would be the most efficient use of my money considering that I have enough free time to learn how to invest etc.
>>729685 1 open Halifax Sharebuilder stocks and shares ISA 2 set up regular deposit of £300 per month 3 spend time each month researching a company or fund. at the beginning pick simple trackers and FTSE100 companies. no /biz/ day trading penny shares shit. 4 set up the regular investment in the ISA for that share or ETF or whatever 5 in 10 months you will have a neat little portfolio and if you did step 3 properly you should be getting a bit of capital growth or a small income from it. or if not then it should be... Comment too long. Click here to view the full text.
Is IT the the best bet? To get wealthy?(assuming that's your only skill) If you own nothing, except for 100k in savings. None of your family members own any assets, or don't control any resources in the world. In that scenario is IT your only way out of poverty? I mean something like creating the next big social network or app for mobile phones, or starting and running a IT company that servers other businesses will have much greater chance of success tham anything else at this point in time, right? Or can you tell me otherwise?
>>728241 Probably your best bet to get moderately wealthy. The salary cap is probably around $500k a year if you get into a very senior position, which is lower than in fields like consulting, banking, and law. Consulting and law tops out at around $1-3 million/year, and finance can be pretty much limitless but unless you're insanely smart and insanely lucky you're probably looking at around $1 million/year.
Keep in mind it's a very very competitive business, so yeah, unless you actually invent the next Facebook your most optimistic scenario is owning a software firm making shit for clients, which in itself is not at all easy task, too.
>>728241 Running your own IT is the best bet, working IT for anyone else is a low ceiling death trap unless you get into sys admin (your co-workers will be autists) or security.
You'll want to start by buying about $50 in tools (basic laptop repair kit, basic tablet/phone repair kit, sata to usb, flashdrive to boot puppy linux), and make online ads on any sites you can find.
You'll also want to make a website and e-mail address specifically for the setup, but don't drop any money into them yet. Make a gmail account and a wordpress website, once you get going and have decent experience you can drop $20/month into changing your gmail and wordpress into your own domain and your own @domain to be more professional. You should also consider using Google Voice for a forwarding phone number that only goes to voicemail, this way you can put a number on your site but never get bothered on your own line.
I know this because I'm doing it. Also don't operate in northern-central MA, I'll cut you for getting in on my turf.
/biz/coin was invented on 4chan's Business and Finance board, a message board where entrepreneurs and traders can meet to discuss strategy or speculate on prices. We had many crypto currencies introduced daily with many fancy features but they didn't stick around or weren't of any use. We decided that a new approach and execution was needed to create a viable math based currency we formed /biz/coin. /biz/coin doesn't have any features on it's own, what it does have is a dedicated community committed to providing new interesting services to help grow... Comment too long. Click here to view the full text.
You're placed as the CEO of a failing investment bank (such as Goldman Sachs except you're several thousands in debt), the stockholders arent happy. Currently the only source of funding you have is the limited high frequency trading happening at a few of your firms. Your client portfolio is essentially dead with failing companies along with your unhappy clients who pulled out of your bonds. What is your first move?
>>718050 Another seller I bought thousands of games from got in on this and was going to keep me posted if he could make money with it so I could buy the codes off of him like a middleman. Thing was though that people needed to have a specific OS in order to be able to use his codes. So of course he sold like 10 but nearly all came back wanting refunds.
Haven't talked with him in a while, might have to see if he's got new inventory he wants to offload on me.
>put up a steam code for sale - 5 days >auction option, video game category >listings get removed within 24 hours >call ebay and ask how can others do this yet I can't (they also have 99999 feedback from doing it) >they say I should just report them >report them, nothing happens
yeah I know there's a high scam rate on steam games / digital delivery, but I still don't... Comment too long. Click here to view the full text.
I'll take what i can get, but I don't wanna work retail again, unless i get to work exclusively in the back, because dealing with consumers sucked. I'd prefer some sort of office job. i want parttime work, since i'm still trying to finish school.
the independent/freelance stuff is mainly bullshit, i hardly ever have customers
Post your score(s). Obviously, don't post things directly linking you to the scores though.
I'm mainly wanting to compare mine with other people's to get an idea of where I stand. I'm considering getting another credit card and at the moment I'm thinking I should wait until my scores are higher.
>>591107 I have been lurking /biz/ a lot the past few months. Also been reading my facts and paying attention to the news. But what i cant figure out is how to start doing the initial investing. I don't want to go through banks/brokers if I can avoid it (to avoid losing my profits to fees). But this is where i'm uneducated in the matter. I just don't know how to start. Care to share?
My first tip would be to lurk /biz/ less. This place is a cesspool and no one really knows what they are doing. You need to get your hands on some books. Read, read, read. Especially the classic stuff like Graham, Lynch, Fisher, Buffett etc.
You will need to use a broker to buy securities unfortunately. Don't get too caught up in the details, a $10 fee to buy stocks that you will hold for 20 years is irrelevant.
1 point = $50 per contract. I'll start with 1 contract. I will need $5,000. My goal is to double our size from 1, 2, 4, 8, 16, etc until I'm trading 200 lot size. 200 is realistic, and can get filled easily, as there's usually 1-2K bids/offers on the doms at every price.
By trade day 100, I should have made $5,000 ($50 x 100 = $5,000), and now have $10,000 in equity, which means I can now trade 2 contracts.
Our next goal is 4 contracts, so we will need $20K. If you understand basic math,... Comment too long. Click here to view the full text.
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