/biz/ - Business & Finance

You guys have withdrawn cash to keep in your house, right?

You arent keeping all of you money in the bank when the panic happens, right?

>>15951624
>>15951657
I used to refill an ATM in a strip club for a buddy of mine. Pretty sketch desu but he paid me well.

>>15951685
How does this work? Why wouldnt the end buyer just buy them when they are released? Do these products sell out?

I am thinking about picking at garage sales, specifically vintage sports team apparel in my city and reselling it...

>>4476803
>I am a ferrari, a super car. Im expensive but high performing

first of all, kys.

second of all, it isnt black or white. I live pretty damn comfortably on a $75k/year salary and am still shelling away money to the point where if my salary never increased and i continued saving the way I am, i will have roughly $1.65MM when im 60 years old. As my salary increases I can easily estimate I will be a millionaire by my mid 40s.

I have thought about this many 'a time. If you win the $600MM Powerball and take the cash payment up front ($400MM), realistically after tax you can expect $270MM:

>immediately set meetings with Estate Attorney, Tax Attorney, CPA, and CFP.
>draw up trusts to provide immediate family $5MM each
>Absolutely splurge on a few super cars and homes in a few cities I love (~$15MM)
>Put $100MM in a high yielding money market. Most brokerage companies will negotiate 1+% at that amount
>Put $50MM in a managed municiple bond strategy.
>Play around with $1MM in stock market for funzies
>remaining amount spread between banks for max FDIC coverage, maybe buy some physical gold and have physical cash in safe.

Red pill me on Marijuana stocks

I just got a phat bonus and opened an individual account to throw $300 at speculative stock. If I lose it, oh well. My plan is to buy 500-1000 shares of multiple cannabis companies and hope one or two blow up a few years down the road...

ur thoughts?

Talk me off the ledge, /biz/...

I bought UVXY (2x VIX short term futures) at roughly $20 per share when it was (at the time) at its all time low. Its now down to about $9.

Its not a huge investment, but I am down about $1100. Should I cut my loss or hang on for dear life and hopefully make it to a market pullback?

>>257010
If a company only matches your 401(k), whats the best way to go about putting money into a Roth?

Get the match, then roll it over every year into a Roth? Obviously you will pay tax when rolling over into a roth i assume, but its the only way to get that employee match i think

Is this for real? Can you really be this rich and live this lifestyle by playing poker?

Surely he has money from something else, or has made some killer investments.

http://www.buzzfeed.com/mrloganrhoades/this-millionaire-playboy-is-the-most-interesting-man-on-inst?bffb