/biz/ - Business & Finance

>>12181630
death cross confirmed. support will be tested around 22400 and 22200. although if its a true recession, sub 20000 could be a possibility but that will be the penultimate floor if the world doesn't shit the bed

>>12181653
>penultimate floor
brainlet detected

>>12181630
KEK! you didn't sell your 401k off in the summer? OH NON NO NO NO NO NO
>Trusting boomer markets
Fucking kek. Sell everything into Bitcoin.

>>12181630
You don't have a private money manager? What does a 401k even do? Just dca in for the rest of your life untill you retire? You should give your money to a professional money manager instead of dumping it with wall street and hedge fund managers

>>12181780
>pay fees to this one person who can't beat the market, rather than paying fees to this other person that can't be the market
good plan

>>12181780
>unironically trusting a jew

>>12181839
money managers don't try and beat the market. They manage your money so you don't get fucked. The goal is not to double your money or some shit, but to retain purchasing power and slowly grow your account so that you can retire with peace of mind.

>>12181780
>give your money to a professional
A managed account means exactly. I also trade with a personal Merrill Lynch account, but I never touch my 401K.

>>12181900
Money managers are often experienced traders that make a living of the market. It's not some jew scheme, it's litterly the best option for average joe.

>>12181916
>>12181941
You must be a money manager. You either realized the whole thing is a sham or you are desperate for work.

>>12181941
KEK! No they aren't. A very small number are. Most are incompetent retards who graduated with a finance degree and have never traded their own portfolio in their lives. They just get their certificates and give people unfounded advice, without having any skin in the game. Then they collect their fees that are detached from portfolio performance.

>>12181982
>>12181991
Okay sure, w/e it's all a jew scheme. Have it your way.

>>12182010
>Has no argument
>Reverts to sarcasm
Very mature. And BTFO.

>>12182010
It is a jew scheme.

>>12182010
Seething

OH NO NO NO NO

It's been like 10 years since the last real crash. Crashes happen on average like every 10 years. It was just a matter of time.

>>12181630
>my managed 401K account is getting ass fucked right now.
good, wagecucks and stockfags deserve to get rekt biblically

>>12181630
what does this mean for a neet?

>>12182028
Okay I'll tell you this. Sure there are a lot of scammers, they're everywhere. But if you're not a complete idiot you can find a good money manager that is genuine and will consistently year after year bring you good results.

https://www.youtube.com/watch?v=h_3TdntZF4s

LOOK AT HIS

Oh, no.

>>12182115
Jeans and blazer look is such douche

Guys are we really heading for a crisis? I'm scared

Thanks Democrats!

>>12181759

Ya right dude, you think joe yuppie is going to keep the bitcoin that he bought on coinbase 6 months to a year ago? Especially when he's watching his 401k tank along with the bitcoin and he has a family? Get fucking real soiboi.

>>12182148
Yeah? I mean who cares. It's just ones and zeros.

>>12181630
Buy Crypto

I want to brigade r/personalfinance with posts about how the stock market is a scam and you should be buying things that are more stable like crypto.

down 1%? so what?

What did you expect? It was 100% clear that near the end of the year or January 2019 the market would go down. The tech stocks are so overvalued right now. Even know I would say the tech stocks will have to adjust. I switched to silver for some time bought at 14.06$ and made about 2% in 2 months. Silver won't drop below 14$ because its normal- maybe even a bit under- valued.

I think if you want to stop your loses its still ok to buy silver even though you will lose a bit but its better than to lose a lot.

Maybe invest into some companies that have already taken measures against a crisis. Bayer for example fires 12.000 employees. This is of course not 100% to protect them self from a crisis. They still have the Monstato Case going which will take at least a good amount of money. Its even hard for me to predict if its good to buy now or wait if it goes down even more. If you invest in Bayer you can get 25 50% over the next 3-4 years if the Monsato Case goes good.

I hate that Biz is all about Crypto I hope their will be a Crypto Board in the future. It would nice to talk more about other topics.

>>12181630
short the s&p or buy into a gold fund

>>12181630

THANKS ALOT TRUMP

This is just a reaction to the rate hike, you dumdums.

>>12181630
Trump policies starting to bd felt. Good luck.

WHOOOOOO! SO FUCKING HYPED FOR THE NEXT GREAT DEPRESSION!

>>12181900
Bitcoin-fund-manager dot com

>stock market crashing
>btc crashing

boy you guys are fucked huh

>>12181991
Fucking this. If I ever thought I could trust a money manager to properly cover their positions with options trading and hedges, I would, but I don’t think I’ve ever seen one offer anything except asking how much risk I want to take on, which I can fucking do that myself. My problem is I’m a small fish, so trying to buy derivatives that don’t have ridiculous premium (or even identifying whether the premium is ok or not) is beyond what I want to spend my day doing. I should be able to pay some guy to snag a protective put at a good price. Instead, I have to worry whether the jackass is going to use my money on a riskless bet on his end. Either it pays off and he snags a cut or it doesn’t and “woops, well, not my money.” Anyone who knows what they’re doing can trade their own money, and what do they need to bother with this fiduciary business for? Anyone who doesn’t isnt someone I want to trust my money with.

Who else is pumped for a depression? I mean my depression has bottomed so it can only go up when the world is in chaos, correct?

>>12182157
Retarded tweeting tariff man who legitimately thinks a large wall across the border is feasible and will solve immigration is president because brainlets fell for his nonsense.
Brainlets still trying to cope with their Fuckup with
>I-it’s the dems fault
Fuck you for not seeing this coming you morons, imagine being so stupid you actually thought having a retard as president would somehow be a good thing.

>>12181729
i speak the truth twerp

>>12182831
Those actively wishing for SHTF/ Great Depression scenarios will be eating thier words in the bread lines.

>>12181630

Fed needs to destroy currency to avoid inflation and raising rates isn't enough.

Deleting the balance in their trade accounts at the end of the week after they steal your life's savings is how they do it. Retard.

>>12181630
Can’t wait for it to bottom out, I’ll be buying like crazy

>>12182301

Crypto keeps goyim distracted and makes theft of FIAT dollar easy for deflation. Goyim must pay.

>that cozy feel half your 401k is in a short fund and the other half is cash waiting to be injected at 21,000.

>>12181941
>best option for average joe
You must be brain damaged if you think that. Have fun being poor

>>12183905
why

We can not predict when the next recession will come.

If the US economy deteriorates, the Fed may lower interest rates and implement QE. Trump will do various things, though many of them may worsen the economy. He will try to increase infrastructure spending, and reduce taxes.

The lie that the global economy must fall into another great depression shirank consumption and damaged stock markets. And the Great Recession materialized.Such a lie wosens the economy.

I think the growth rate of the US economy will fall in 2019. But if it grows more than 1%,corporate profits will increase. Stock prices should reflect corporate profits.

Trump grew the US economy by incrasing the national debt. If a man continues to increase spending by borrowing money, he will go bankrupt. But the US can print money. As long as the US dollar is an important international currency, the US does not go bankrupt.

>>12183444
Based and nice trips

>>12181900
Checked.

>>12181991
This is true. I have a buddy that does this working at a bank and he knows fucking nothing. He just sweet talks old boomers into giving him their money but it's all bullshit. He often asks me for investing advice kek

>>12183444
>who legitimately thinks a large wall across the border is feasible and will solve immigration

border walls are a highly cost effective form of illegal immigration mitigation. there is tons of precedent, both in antiquity and contemporarily, that proves that.

>>12181653
Most of the stocks responsible for lifting the Dow doubled or tripled in the last 18 months. That is pure delusion territory. The bottom is a LOT lower than 20k.

>>12184560
Yes it’s super cost effective to build and maintain a fucking 1,500 mile wall that constantly breaks and fails due to weather instead of having automated satellites with cameras detecting people or literally any other sane solution to the problem. But no trumplets are too mentally challenged to understand anything other than
> WALLRRLL WARRE BERLD A WARLLLLLL TO KEEP EM OUT WALLLLLLRRR
they mostly come in tunnels, or fucking planes, or cars, or boats. Idk holy fuck there’s a lot of ways around a wall. Maybe a ladder? I wish we could euthanize you idiots

>>12181653
FEAR will begin setting in once it breaks 20k. FED may step in at anywhere from 12-16k.

CHUST VAIT

>>12181630
Calm down you clown, we still have a long way to go. This is just temporary, we'll be back up soon.

Just look at how crypto has turned out, cryptocurrencies has become totally worthless.

>>12183444
Where the fuck does this "walls dont work" meme come from? Do you have any fucking data?
Or did your programmers at CNN instruct you that "the (((experts))) all agree walls dont work"

>>12184679
If it actually didn't work, why would you give a fuck? Since when did you morons give a shit about the deficit lmao. 10B is a drop in the bucket, we're trillions in the hole.

>>12181630
Can confirm. Last 401k statement I got was a couple weeks ago and my ass got ate raw too. Statement came with a long ass lecture about paying huge penalty fees for cashing out my 401k now. That's both shitty and scary. Thinking about cashing out and getting a bigger wagecuck check before it's 2008 allover again.

>>12184679
>electronics and technology are cheaper and easier to upkeep than steel
>and we can't keep them all out so why bother at all
gas yourself shlomo

>>12181630
>managed 401K

that was your first mistake. financial advisors are parasites.

>>12185303
Fucking lol, it’s a wall you autist. Of course it will work in the sense that it’s a large physical object that nobody can go through. But it’s an insanely expensive project that most likely is impossible. There are much better ways that are actually possible

>>12185406
>5 billion
>insanely expensive
You have no understanding of the scales on which governments spend money. We sent 37 billion dollars to Israel for defense, we can put up some steel in the desert for a fraction of that

Posts from another thread:

well of course, they're pushing 25 bp per qtr under the auspices of inflation targeting when we JUST got unemployment at a desirable level. they should have waited a year or 6 qtrs before doing so, now they might cause a market liquidation (which desu was overdue). Under QE (obama) so much money was pumped into stocks and driven away from Tbonds and capital. The market you are seeing is correcting from financials but the question is will they invest in capital or liquidate and flee?

you also have to realize that trade imbalances are mitigated by financial investment. so as we do away with trade deficits, you can expect less foreign money flooding the stock market. So i'm not worried at all. I am concerned that agressive fed policy will crash direct investment and capitalization though. not allowing for the market to slowly adapt.

I don't think the raise in ffr is enough to bull the Treasury market.
but with jobs coming back I can see investors liquidating for capital investment. question is will it pan out?
if it does, then we need the bull market now as investments pour into capital, only to boom the market later. as the trade balance equalizes we'll see less foreign investment (which I think is good), but we'll see a relatively long period of instability and recapitalization. but when the dust settles we'll be better off. That is of course, if Trump lasts long enough. two more hikes would be 50 basis points. It depends on how they do it. If they do it in the first quarter it could be devastating, but so would fourth. and to be honest, the market responds to expectations, not reality. so as long as they think a hike is coming, they'll bail and flip out.

>>12185392
Too bad your retard president isn’t even smart enough to get 10b for a wall. What a cuck

oh no the sky is falling
kys
what you are witnessing is a movement of liquid assets, not a crash
calm your tits.

>>12185448
House literally just passed $5b for the wall an hour ago, go back to sleep

>>12185386
lol dont be a pussy i cashed out my 401k at the top and i will happily pay the measely $600 in penalties in exchange for the thousands of dollars of liquid cash back into my hands and not jewish ones

>>12185376
They care because they know it is effective. It would restrict his flow of fresh supply of squatamalan pool boys to fuck and cheap labor to extract value from.

im still 5k into MGM

I wasn't aware /biz/ just looked at the stock market and bitched. thought you might have some actual input here.

>>12185406
>insanely expensive
We just passed a 975 billion dollar defense bill
Illegal immigration produces greater costs than the wall
>Much better ways
We can use those too

>>12185505
>greater costs than the wall
about 10x per annum at least

Cheap money bull run is over

US Automakers will go bankrupt again next recession, screencap this

>>12185644
Based and collapsepilled