/biz/ - Business & Finance

>>17913343

28 NEETing off dad while studying for grad school. Have 6k saved will be 8k with Trump bucks and maybe more working for family business. Gonna wait for the bottom and then make $$$ fcaing up.

I have 12k britbux saved up.
This is enough to carry me for 1 year if I'm frugal.

to be honest i really don’t know. i’m a poorfag with a shit warehouse job, $400 bank account, $1k in crypto, and a wife that can’t work. if shit really hits the fan i just don’t know how much lower i can get

>>17913343
Been buying metal, guns, ammo, food, tp, and land for the last 5 years. no stocks. Pretty comfy right now.

>>17913343
First post on /biz/, the tears here are fucking hilarious. Unemployed for a few years for medical reasons (they don't increase corona risk) and being supported by dad who is in large-scale computer security.

Also holding a good emount of ETH from a few years ago, worst case scenario I can sell it even at these low prices and be good for months without playing it safe. Don't remember shit about trading from back when I tried for a while with ETH lol.

>>17913662
its going to be hard to use the guns with out the stocks tho. guess i better kill my self.
p.s. bottom will hit june20th

>>17913662
Good calls. If only I wasn't greedy and sold my crypto in 2018. Fuck. So much opportunity and time wasted.

>>17913343
Stacking silver when I can. I have ultimate job security since I work as electrical engineer for a power company and unless the grid shuts down I will always have a job.

about to enter law school
corona-chan will kill off a bunch of old boomer partners leaving more job openings for me

32. LOST 50% OF MY LIFETIME OF NETWORTH. NO POINT IN LIVING NOW. WILL HAVE TO WAGE SLAVE FOR 10 YEARS JUST TO GET BACK TO WHERE I WAS LAST MONTH.

>>17913343
Lost 18k due to leveraged long today.

>>17913848
what were you invested in and why no hedge with PMs?

>>17913848

How stupid were you to go long during coronavirus?

>26 NEET
>$6k in bank, buddies owe me another $2k
>set to receive sizable inheritence from grandpa who's on his deathbed
>searching for IT jobs, guaranteed assisted living job from aunt's company if I can't find anything in the next 6 months
Honestly the collapse has just slowed my job search down a ton and given me an excuse to not leave the house. Mostly been studying up on AWS to see if that can land me anything.

Cashed out my IRA two weeks ago before the panic started and the market tanked. Feeling pretty smug desu.

>>17913903
>>17913899
I never sold still havent. but I had large positions in 2x and 3x index etfs. These are down 50-90% now.
I only had 3% in PMs

>>17913647
Why can't your wife work is she fat?

>work for 100% liquidity financial institution
>continuing to work from home office
>incrementally buying equities all the way down

Feeling pretty comfy OP thanks for asking

>>17913343
45k ausbux with 5k split 50/50 physical gold and silver. I contacted my bullion vender and they're going to call me hopefully today to guarantee my 10k split order.

I save 300 ausbux per week so it's stupid for me not to put it in a long term investment my savings will devalue.

>>17913343
im fucked

Car payments are my only debt. Currently unemployed but sitting with 20k in my account.

Curious to see what tech jobs will still be hiring after this blood bath.

>>17914146
Been looking for tech jobs this week, the only ones I'm seeing are involved in the medical/insurance industries but holy SHIT are they hiring

Ok boys ready to get rich. I need some one to start up a rpo call it. (3peo-m) 3d printed emergency oxygen mask. Ok Now I need a 3d printing company that wants to step up. I need a us suppler for material. I need marketing campaigns. I need a board lets get this rolling.
[phi] out. We have 3 days to procure execute.
You fucks going to just sit there and wait to die.
Its time Its time now GO

>>17913994
La Mao

>>17913343
If I cut all non-essential bills, I'll have enough savings for about 6+ months of rent.

>>17914230
Have $$$ will invest for board seat and director title

>>17914377
First to set up legal get first dibs on seat I will reconcile back stage I am [phi] to whom am I to refer to you.

>>17913647

Poorfags are stupid because they marry women that are more poor and lazy than them.

Literally every woman can work, even if it's only as a hairdresser.

>>17913343
at this rate looks like I'm getting a free check from Uncle Sam and might not have to pay rent or any of my bills for a while, based?

>>17914716
Hyperinflation will kill it. You guys want to survive get your mind into supply and demand you need to start supping now.

>>17913343
29 yo $85k income Unmarried
I don't care because I'm working from home with my parents and sister. I'm more bored than anything. We got shittons of food from Costco and we're looking at possible ETFs to buy when they get low enough. It's like I'm on vacation.

Sucks that my 401K, Roth IRA, and stock account are all being capsized by coronavirus but I have 15k liquid sitting in my savings account.

26, comfy tech job working from home

Have 3k left in debts ans paying it off like usual

Letting automated crypto buys run so my dca is decreasing.

401k got BTFO but have less than 10k in that so not too worried.

10k private, 25k on business account and around 25k invested in crypto (link, btc, vidt etc.)

The funny thing is I was smoking sooo much weed in the beginning of the year, that I decided to save all the shit I got and get rid of my car and stuff so I dont have to work 2020 at all.

guess i can just continue that lifestyle but this time with a good conscience and pretty comfy

>>17913343
I've been stockpiling cash for the past 10 years waiting for the next market crash. I'm fucking ready.

>>17913343
I have 3.1 K USD saved up. Please tell me what to invest in, and how much. I have no idea what to do with it or how this shit works

>>17915667
airbus

>>17915585
How much cash Anon? Do you have it in a savings account or your local credit union?

>>17913343
401k showing -26% rate of return. Only way I could take any of it out was paying John HanCOCK 5.75% to borrow my own money. At this point I'd give it all up if it meant the western financial systems went completely tits up.

>>17913343
I honestly don't know. I'm working from home for an insurance company and have about 4k in the bank. I just don't want to be laid off...

>>17913662
based 180 IQ long-view ammo hoarder

>>17915961
>working from home
>for an insurance company
>don't want to be laid off...

>>17913343
I’ve lost 50k in 3 weeks.
I have good cash flow and some savings.
I’ll be fine.
Feels bad man

>>17913817
Fucking good. That's how the boomer's job market was back in the day. They only got fast promotions and easy jobs because old people died at age 60.

Now the current boomers die later, don't want to retire, or can't retire because they have nothing. Less openings at the top means less promotions, which is why America kept saying that the future of jobs is the "service industry". What fucking retarded shit is that. McDonalds already replaced people with giant iPads and Walmart/Target replaced cashiers with self-checkout.

>>17913343
Might get laid off and collect unemployment check for a few weeks so buying less vidya, but I already have fighting games I want to get good at so just gonna play those until company starts me up again

>>17916064
Yeah, that's what I figured. I'm ready to kill myself.

>>17913647
>i just don’t know how much lower i can get
about $400

28, 5k in an account I just liquidated. Rent for 600 bucks in NYC, and no obligations to take care of. GF is in New Jersey and under lockdown.

Found a shady chinese shell company to hire me to translate their shit into english, while I work from home in the meanwhile. They pay monthly in cash. I think i'll be alright for now.

23, last year of econ. third wordler with some money I been saving since two years ago to throw at my favorite alt at the crypto bottom

>>17913343
lost 50% of my wealth during the past 2 weeks. Half of 10 years of saving. Too afraid to tell my wife about it, things aren't doing great between us lately and she'll probably ask the divorce. And since i'm a yuropoor she'll get the 50% left guaranteed.
Can't afford to lose everything in a single month so i'll keep lying while leveraging like a mad man to either get my money back, or lose it all and kms.

30 here living with parents atm
I did 8 years in the ARNG, got out in 2016, worked some shit jobs, then decided to use my GI bill and go back to school.
I graduate with an Associates in Cyber Crime Technology in May. I'm hoping to get some kind of SOC analyst job or some other kind of cyber security position since the field appears to be hot right now, but we'll see. If worse comes to worse I'll try to go back in the military.
I've got only 3k in the bank right now but no debt.

>>17916403
Don't kill yourself, brother. Take your 4k an invest in an AR15 and lots of ammo and make the transition from insurance to wasteland raider.

>>17915585
That sounds kinda stupid
Had you invested 10 years ago you would be up now anyways

>>17913343
I produce dried soups. I will be a millionaire soon.

>>17917126
>but no debt.
That's the big deal, anon. I know so many people that make good money but they're leveraged so far they're mid six figures in the red.

>>17913685
parasite

>>17913343
student on scholarship so no debt, also no job so no trumpbuxx :(.
$618.73 to my name, soon to be entirely in LINK. I need $40,000 by late 2021 to buy the cybertruck

>>17917891
im also going to buy a few barrels of oil, you never know I could make a few bucks off that

>35 years old
>Has 401k that I never pay attention to, definitely wrecked
>Started casually investing in stocks/crytpo in October, using money I used to spend on Western influenced media and eating out, seeing actual progress
>Someone in China decides to eat a bat, gets sick, starts coofing
>Progress destroyed by almost 40%

At least it's still there, what little I had trying to play with initially, and not a bunch of useless movies and pozzed books I'll never read again. Still feel good

As long as I keep my job its a primo opportunity to accelerate my wealth building

>>17913343
>27
>Working remotely in Latin America while waiting to go to grad school
>50% off grad school tuition
>4k in credit card debt but got a few good gigs going, waiting for money from a house sale and shit is dirt cheap down here

Feels alright desu. I'm a bit nervous but don't reckon there's any point in going through a infestation haven at an airport to get back to the State right when coronachan is set to kick into overdrive. Aim is to have at least 5k saved for grad school and 7.5k in a retirement account by the summer (5 of which is already there from a previous job). The housing thing is nerve-wracking but it's set to close this week, so hopefully it'll be fine.

>>17913878
Damn bro, I lost 30% yesterday...

>>17913343
>welfare leech with no money at all
I feel like death will be an improvement at this point.

>>17913343
Live with financially stupid parents who are in full panic
Working a shitty but luckily very stable factory job. I might have no education but at least I'm not unemployed...

>>17913343
I had $100k in govt bonds

I just sent $50k of that to the share market

I might send the other $50k next week if it continues to nose dive

I'm hoping in 6-12 months my $100k turns into $150k

Then I'll put it back into bonds

>>17913343
no. fag.

Started investing end of last year. It's like I never worked a day in 2019, savings wiped out.
Still investing a little more every few days with the cash I have banked, though.

Pretty glad I didn't quit my job and go on that sabbatical I was planning...

>>17913973
>not selling 2x 3x etf during this crisis
you're a fucking retard anyway

>>17913343
>Work in a recession-proof business.
>Still working while waiterfags and retailfags have to stay home.
>Getting a free $2000 this year from daddy Trump.
Maximum comfy

31, $500k not including real estate and 401k that I never check. I'm going to be very disappointed if I don't manage to double this on cheap stocks after we hit the bottom.

>>17913848
Same.
I'm just going all into ARPA at this point. This is all I got.

>Mid Feb
>Get terminated from part time job
>Immediately sold all my stocks to ensure I had money for the new 6 months as I hunted for a (hopefully) full time job
>Get a nice little letter from the company that handles my account saying 'oh boy, what you're doing isn't smart buckaroo', I give zero fucks because its about minimizing my risk and simply preparing to pay for food/rent for the next few months
>Turns out I accidentally sold at nearly the optimal time
>What turned out to be the worst month of my life just saved the tiny amount of wealth I accrued
I mean, it was an accident brought on by work drama. Also getting employment probably just became 100 times harder, but man o man, not only do I have a serious chunk of money, but an excuse to not socialize with people while my boss who's job requires with them to meet with alot of people every day is over 60 is probably gonna croak from Corona.

I mean, if that's not a happy ending to a shitjob, idk what is.

>>17913343
Financially devastated, it will evolve to financially obliterated

This is one of my dad's retirement accounts.

he has a few more, just a little over 2 million total.

>>17913343
>down around 40kEUR from ATH
got plenty of cash for DCAing the dip

>>17917675
I've made my decision if it happens. I'm not really fond of living anyway.

Recent grad with a lot of loan debt, prospects of making $80-90k starting (pharmacist), only a few thousand in a 401k and the market. Crash is pretty great news for me assuming things stabilize once the virus dissipates, planning on throwing copious money into the market

>>17913343

Just started work as physicist at big name defense contractor. Really hoping to not have offer rescinded.

poor, low income job,
have around 5k in crypto 2k in gold

>>17913343
60k+ in cash and my mortgage costs 600 a month, have 30k in equity. looking good to buy if the world doesnt end... im in construction... how will it be effected?

30y/o, My job basically requires me to come in for work even during the apocalypse. Have 250K saved was getting ready to buy a house But going to hold off a little longer to see if prices come down.

This collapse of it comes to pass will not affect me financially, hoping shit stays Somewhat civil for safety’s sake.

>>17913343
I'm an aide of a government official, so the bux will keep coming until the next election, even if I'm sitting at home. If there is an election at all.

My holding are split between EUR, CHF, gold, silver, BTC, ETH, and LINK.
I'm sure in the worst case scenario I will be okay, in the best case scenario I will make it.

29, Decent job in IT for a major chemical company. We actually do a lot of work in cleaning and hygiene supplies so while we've taken a hit from the situation I think we're going to do all right.

30k cash, 20k 401k (Lost more than I'd like), 18k in company stock (Again, lost more than I'd like) and no debt. Looking to get a house in the next 2 years when the housing market (hopefully) takes a hit.

>>17916710
>lost 50% of my wealth during the past 2 weeks. Half of 10 years of saving.

70% last 2 and a half years here, 15 years of saving. Brought the peak of crypto (converted my BTC to LTC when LTC was darn near $340)

>38 years old
>Network Admin for a school in People's Republic Of New Jersey
>73k a year before (was below 50 until 3 or 4 years ago)
> Less than 43k after Uncle Sam and Comrad Murph
Living with parents still, can't take it or them anymore but you are looking at $1200+ a month in rent for a studio in even a sketchy area
>Still have to go in to work
>Not allowed to work remote, have to support everyone including administrators working remote
>Parents are supposed to stop by school to get help with kids chromebooks. Fucking in person
>School doesn't have masks

My job is going to fucking kill me

>>17918891
are you gonna buy in again when the market seems to be at it's lowest?

>>17921079
31k in bank
20k various stocks
35k crypto
42k IRA

>>17913647
>poor
>1k in crypto instead of actual stocks

>>17913343
Working at a defense contractor for good money, no word of layoffs yet. I have 7 rental properties in service right now and I am in the process of rehabbing one more. Unfortunate timing for me as it might be tough to fill the freshly rehabbed one at a decent rent. Another tenant came up short on rent this month but it was enough to cover my mortgage so I just accepted it and let them stay for now. No use going through an eviction and vacancy at a time like this.

I have 32k chainlink so obviously took a massive loss there. Wish I could buy more right now but I need to stay liquid in case I have to cover some of these mortgages out of pocket.

Interestingly my real estate agent said the market is even hotter right now... everybody still trying to by. With interest rates like this nothing has slowed down

-Work in a hospital as a nurse
-About $45k in savings account
-Live at home with parents so low monthly expenses (honestly might end up supporting them a bit)
-Only just started paying into retirement

A financial collapse will put me extremely far ahead of the rest of my peers once everything starts to settle out in half a year

>>17913343
I have no stocks, I have around $100 in the bank and I have a box of silver somewhere. about a 50/50 chance I come out of this wealthier than I came in

>>17913343
I'm down 80%

I’m afraid the government will try to confiscate my bitcoin

have like 270k cash, hope this is gonna last a while so people start having trouble paying their debts. then I will pick up a vacation property for cheap
then again I literally work in the oil service sector so I’m likely fucked too

fuck im so poor

>>17913343
I have 300k in savings, about to take out a mortgage on my first apartment.

I work in low-level IT and don't make much (50k annual) so I'm pretty fucking spooked about that purchase. Even though i still have a job that could easily change.

>$8k in the bank
>$2k in crypto
>$7k in 401k
>$7k left on truck note (only 28k miles on it)
>$18k FAFSA loans
>$1250 rent on bougie apartment
>no credit card balances
>no mortgage
>work in Logistics industry which weathers economic hardship pretty well, at least at my level

I wish I had cash on hand to buy a house in the next year or so, but I can really only save $1,000 per month. Which I haven't been doing too well, clearly. And that's only possible since my recent pay raise of ~18%.

>>17913994
Busy maintaining household doing chores and preventing Jewish propaganda from infiltrating the children's minds.

40k in bitcoin (at 3.5k each), 40k in cash waiting on bodybags on the news

>>17921099
fuck yeah, if I get a job, at least 30% of whats left over is going to stocks

>>17913343
unemployed
wont affect me at all. because i had no money before it all went to shit. also have hunting skills and live near woods so not even worried about food shortages desu.

>>17913343
Engineer with 3 years of experience and patent on resume. 20,000 in savings and a year of food stock piled. Living with wife, no kids. Savings cover 10 months of expenses.

All in all I feel comfy because I've been prepping since China went on lockdown, I'm not to worried about job prospects but can weather the storm if I have to for a while.

Italian, 23, in the fucking middle of the virus spread.
Currently unemployed but maybe it'll change, currently seeking low-effort jobs like metalworks etc (i work on summer as a waiter, it is really good money but now my employer is on suicide watch), >9K euros in the bank.

Gonna start with the 600 neetbux the government is giving me to try to make at least an hundred or two. I want to buy a shitty farmhouse for cheap by the end of next summer (15K), currently seeking advice to make quick tiny bucks.

>>17922278
what in do you reckon? I'm thinking aerospace with my savings but I have been known to be retarded

>>17922224
hella based

>>17922507
Really depends on when the market ceases it's downward spiral/Corona effects/when I get a new job. If I know the federal government, by that time they will probably start rewarding contracts out to biotech firms for some vague anti-pandemic bill Trump will push through to seem hard on Diseases for the election, so possibly a healthy spread of that market.

Also I'm watching Disney with great anticipation. When it bottoms out, I might see about getting a longterm call on it simply because I expect Marvel to hoist them back in 2021 and Corona to be over by then

Financially fine and still have a secure job.
That doesn't mean I'm not worried about the recession we are going into.

>>17913343
>be neet for 10 years after dropping out of HS
>live comfily with mommy
>get first job last summer digging holes
>get laid off on new year because no more jobs
>keep living comfily with mommy but now 9k richer
>invest 9k and make 3k extra
>lose 1k in crash before cashing out
>waiting for bottom to go all in again, except now with all of mommys monny and hoping to double it to 200k
The plan is to buy a tiny, run down cabin on a small fertile plot of land without electricity or running water for ~50k that I can live miserably in ever after. I'll trade on my phone with my remaining 50k and charge it with those portable solar panels and make just enough money to buy food and pay the few bills I'll have. That or I'll kill myself at 30, probably. Place your bets.

>>17919867
Boeing dropped 18% just today, and there are only a couple companies that do what they do.

>>17920378
>im in construction... how will it be effected?
They're giving away money at 0% just to try to get people to do things like build houses, because they know if they don't incentivize it nobody is building shit.

All you youngfags need to read up on 2008-2012 and realize this is 10x that habbening.

>>17913343
Don't have to worry since I live in a shithole that is too busy dealing with a perpetual civil war to even think about anything that isn't shooting each other and I'm currently under the protection of the side with more control.

Son of a multimillionaire from hospitality. As you can imagine, everything’s up in the air. We’ll survive but won’t thrive even as we did through 08.

>>17921297
in what way?

>>17917699
what flavors?

>>17922396
>Currently unemployed but maybe it'll change
Yes
>Italian, 23, in the fucking middle of the virus spread
Sorry for your grandparents but in the midterm corona will be good for you

>>17913343
27K in Stock, down 15%
37K in cash, don't know what to do.

50K in emergency fund/ buying new house. Don't know if I should invest that instead.

What should I do?

>>17913343
I have about 2k in my bank account and 30k in student loan debt. I'm a temp at an office and will most likely be the first to go. If Salley Mae thinks they can jack up my debt to 100k when I default they can go fuck themselves. I'm faking my own death and leaving the country.