Currently, Energy is the worst-performing sector and everything has pretty much lost its inflated value and contracted to their base one. If the deal for the oil production cuts is signed, the oil prices will obviously jump back to the $50-60 range (or even higher), which will bring back the sector's performance to green. And, as everyone knows, the oil prices are highly unlikely to drop below $25, and almost impossible below $20, since that would mean bankruptcy for almost any company in that sector (without the sector having enough flexibility or time to move away... Comment too long. Click here to view the full text.
>>1077438 Energy prices will continue to go lower. Look up certain Koch benchmark prices. Sour grades of oil are already trading at nearly $1.00 a barrel.
Also, to anyone on /biz/ who thinks that oil is fungible... Do some research because that model and example only made sense in a world of a few large oil fields.
So in conclusion I would go for short and medium positions in Government bonds and simply wait for the market to completely fall apart and then as my bonds mature I would start looking for potentially... Comment too long. Click here to view the full text.
>trade a minimum position, just enough so a loss would mean less than 2% of my capital >get enough profits so I can increase my position size without risking more than 2% >now my position will increase twice as faster >then three times faster >rinse and repeat
>>1077246 rather crude approach to risk management... that aside - how could this go wrong? Very easily if you've got no edge....
It doesn't matter how you structure your bets if there is no edge in the first place... you're basically playing roulette and playing roulette risking 2% of your stack each time can just as easily see you go bust
get a quantifiable edge, then forget about arbitrary wagers - look at half Kelly instead
What are the pros and cons of the following paths? Which one got the best shot of leaving the middle class?
>Get business degree, start up own company with people who know about their trade. >Get a STEM degree. Work in the industry and use high wage and experience to start own company. Study business in spare time self. >Get a STEM degree. Work in the industry and use high wage and experience to start own company. Study for MBA in spare time.
Pretty much this. Although, it depends on what you mean by middle class. If you want to be part of the 1% in the US, then good luck, it's not happening. However, if you want to be in the top 25% (in wages, let's say) and you consider that being out of the middle class. Then it can be achieved using any of the three ways that you mentioned, but it means working day in and day out until you make it.
Fucking get in here. Imageboards don't always do business discussion justice. If you want to talk to people in real time, get in here. Come talk about /biz/ and money or just shitpost in general chat. You have options.
Check out the Announcements channel for some advice to make money. Hopefully we can even start using this to network. Get in here or I'll fucking kill myself. https://discordapp.com/channels/143995764245266432/143995764245266432
I plan to move to 'Merica illegally (im white so dont hate pls) and i've got a few questions: Is it possible for illegal immigrant to work as a waiter/seller in the shop at semi-abandoned gas station/other shitty but easy jobs? Of course only after I improve my english. Or I'll have to work at construction until I die/get deported as some useless mexican? How hard is it to rent a house, buy a car and get medical care for an alien? BTW Can I survive as illegal immigrant in little towns or should I stick to big cities like others?
Would you hire someone to manage for you, if they seemed to not give a crap and it's totally one sided. But they're pretty good and know they can do it? It is just frustrating how apathetic she comes off. Finding a new one might be a pain, going through the search again... and also there is the thing , does charisma really matter or I'm just being a baby... like everyone you hire is going to piss you off in one way or another
>>1077122 Actually theyre terrible for this purpose, when you drill holes in them for the electric etc it ruins the integrity of that entire side of the container. They also don't heat correctly (OP'S picture was made by a freshman architect, the people on the top floors would be boiling in their own skin)
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