/biz/ - Business & Finance

Hey guys, so I work for a small financial services firm. We basically do consulting, sell insurance, and also broker investments into mutual funds.

I work here as a student, mostly helping in back-office, IT and book-keeping sort of tasks.

So the investment department here is new, it was brought in by this one guy who actually used to work as a trader at the DAX. (German stock exchange)

I was talking to this dude today, and he was spelling doom and gloom: Rising interest rates, defaults on government bonds, hyperinflation, currency-reform (EU-fag here), desperate governments enacting wealth tax and gold-bans, recent stock scare last two weeks was only preview, this will be much much worse than '08, and so on and so forth... all because banks have "manipulated the market and printed too much money", and people will start to speculate against this.

On the train-ride home, I saw some guy reading a magazine, and the headline said something about "big big crash, no later than 2020".

I don't care about the synchronicity of this happening on the same day, but I'm just wondering, do you guys notice the same sentiment among the people you know, especially people in finance?

Also, this dude wasn't some drunk guy at a bar saying "its all gonna crash dood", he actually traded at the exchange in Frankfurt, I can only imagine, big, big positions. He also talked about how fucked it was and how much money people lost in 2000 and 2008.

>>7347923
It's happening this time lad

7 trillion in volatility derivatives were wiped out in a single day

/thread

>>7229648
IXN iShares Global Tech Index ETF

down 2.8% in just two days.. and it's almost half of my portfolio... feels bad man :(

Is Link forming a cup and handle?

>Go to binance
>12hr chart
>zoom out
>MFW

I'm not TA but I think link is about to do it. It was FUD and always was.

Fucks sake /biz/ Raiblocks is on KuCoin and will be on Binance soon...should I cash out and go all in on it?

In my mind it will explode but I fear there will be a big dip.

ANYONE who posts or comments about LINK... IS A HOLDER?!?!

Did I just get JUST'd by a Bolivian murderer? Bezop.io is the next Amazon? R-right?

ICOs have to give back your money if they fail right? They can't just take it and leave. McAfee wouldn't just lie to me, right?

Guys?

WHY IS LINK PUMPING, WHY? TELL ME! PUMP GROUP? WHY? WHY? WHAT IS THIS
WHYYYYYYY I CAN'T ANALYZE THIS AAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHH

WHAT THE FUCK JUST HAPPENED TO XRB

IT WENT FROM $12.60 TO $1.27 IN A MINUTE

AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

With the recent fluctuations I've been thinking about trading tethers instead on bitfinex, but I've heard that bitfinex might not be safe, what do you think?

>>5267791
its still fighting but volume is decreasing. We are going down hard soon

AM I FUCKED? FOMO HIT ME HARD BROS. OMG OMG OMG OMG (not the ecr-20 token)

Does a fucking insider know something we dont regarding the SWIFT results? Or some partnership? What the actual fuck.

Wait, something just occurred to me. KUCOIN WHEN!?

>>4243756
We got another pump in NULS left before this blows up? Or should I take my gainz there and move into this now?

>>4211446
dude, you forgot the "G" on the end

Hey /biz/.

I'm a broke asshole trying to get my finances in order... So the question is: if I currently have the cash to make an early one-time payback of my student loans, should I do it, or should I keep the leverage?

My idea is obviously to save money on interest (4% p.a.) in the long run, and I'm doing what little I can do abide by the wise, old rule of thumb... avoid debt!

Some other people I've spoken to have told me that I should keep the cash... definitely keeping some, but I guess if I can earn a return on my cash greater than the cost of debt, I should keep all of it right? But I don't know how to earn a risk-free return greater than 4% on the tiny amount I plan to pay back (1k€ out of total cash savings of 3k).

What would you do, ie. what's your take on purposefully staying leveraged? Also, keep the crypto-meme comments within reason, because I'm young, broke, no family-support, and have student-tier income, so I can't afford to do any leveraged commodities-speculation/day-trading... though I guess it would be nice if I could..

.. and also thanks for dealing with a broke-ass goy like myself, I guess

>>2805121
I live with my mom and I help her with bills because she is genuinely bad with money. She has told me before if I leave she won't be able to afford to stay in this house. I feel like I'm being manipulated. She's an alcoholic. Also I can afford to live on my own, I make more money than her.

What do I do /biz/ :(

>>2419905
God. It's never been this hard before.

3PC8vG6QAiKWnk9YryfkQKbJgSYDzFhKyyM

EVERY EXCHANGE IS DOWN WTF IS GOING ON

So there is too much money pumped into Ripple for it not to go back up r-right?