/biz/ - Business & Finance

>>18822935
Why did you blow 1/3rd of your savings on overpriced stocks during the beginning of a global financial crisis?

>>18822967
1. FOMO
2. Cheapies™
3. Young, dumb, and full of cum
4. I'm a hopeful fool who actually has a crumb of faith that the system will bounce back after Corona-chan finally dies in the coming months

>>18823020
buy more bitcoin

kek in 10 years those 60 bucks of btc will be worth more than your entire poorfolio

>>18823042
>>18823052
Are there actually signs it's going to bubble again or are you just memeing?

>>18823020
Your whole portfolio will do -70% in the coming months.
Gn fomoing into stonks right before the Depression and missing the halving.

>>18823098
Mmm, I really just don't think so.
I know this board embraces the "its happening!" mentality but I genuinely think things are going to bounce back mid summer. obviously not to what they were before corona, but back into a modest bullish market at the very least. You have to remember the depression was caused in part to due government apathy towards market trends and increasing economic isolationism. We don't really have that right now.
I mean, look at the measures the government is taking right now. Trump, a Republican, the party of "fiscal conservatism" is literally handing out checks to people in order to prevent economic downturn. I just down think a depression will be allowed to happen. Trump would sooner go full commie and seize the means of production than let the economy collapse. His reelection depends on it.

No one else wants to post, rate, and hate, huh?

>>18823243
Kek, that delusion. Screencapped, you will be forever an example of the peak normie ignorance.

>>18822935
Very solid but sell the other non oil related stocks and reinvest into CPE/OAS/QEP (both will moon by next week).

>>18823977
Also don't invest in individual airline stocks yet but target DFEN/TPOR first, much greater earning potential

>>18823243
>>18822935
Kek retard, what type of retarded 21 yo grad student are you? Sounds like you aren't even in grad school yet and also sounds like you're in some meme program that finishes in 3 years unless you're going to a Yuro school, which doesn't seem like it

So what are you studying retard?

How fucking stupid are you?

Obviously you did not went if for the gamble but to make some decent "risk free" interest. Buying individual stocks is just retarded in that case. Why not just get the S&P500 or the MSCI World?
If you are in for the long term, stocks are really not that complicated.

It triggers me so hard when kids get free cash and don't even make their research on what to do with it.

>>18824019
law

>>18824217
OH NO NO NO

don't call yourself a grad student retard. Law isn't grad school.

>>18824359
Let me guess, you worked extra super duper hard on your masters thesis in ancient Sumerian dinnerware and want to feel extra super special when you tell people you have a post-grad degree, right?

>>18823243

>You have to remember the depression was caused in part to due government apathy towards market trends and increasing economic isolationism. We don't really have that right now.

This isn't true. This is the false Keynesian narrative. There is a reason why it was only Austrians who predicted the 2008 collapse. You are going to lose everything because you follow the mainstream economic model that infinite debt and zero-percent interest rates are sustainable.

There was a depression after the Spanish Flu, the little depression of 1920, but it came and went away so quickly that the government didn't have time to pass stimulus measures. It was the stimulus measures that hindered the economic recovery and _sustained_ the Great Depression. Look into this.

https://www.lewrockwell.com/2009/06/hans-f-sennholz/the-great-depression/

>>18824476
No, I go to med school fren. No need to be mean. Isn't a good look for a retard like your lawyer rat ass is.

>>18824557
this feels like ancap cope

>>18824562
I mean, if we're going by Wikipedia's definition med school isn't grad school either
https://en.wikipedia.org/wiki/Graduate_school
> A distinction is typically made between graduate schools (where courses of study vary in the degree to which they provide training for a particular profession) and professional schools, which offer specialized advanced degrees in professional fields such as medicine, nursing, business, engineering, speech-language pathology, or law.

>>18824611
I never claimed I went to grad school retard. You did. Professional schools aren't grad schools.

You're legitimately retarded and obviously aren't going to a T14 law school, so you might as well be as worthless as a Sumerian scholar.

>>18824573

Get your money out of the stock market and buy gold now, or buy the GDX and GDXJ gold-mining stocks. Otherwise you are going to lose everything. You've been warned. My responsibility is done.

>>18824661
Okay, buddy. Have fun wiping asses and catching Corona.

>>18824686
but gold is bearish right now

>>18824562
Speaking as a miserable rat ass law student at a not T14, a law degree can be useful but only if you get hired on at Biglaw or if you avoid the traditional practice of law entirely. If I had to work in a hospital every day I’d kill myself but bitches do love a doctor.

>>18824717

I have no idea where you get this from. It just reached seven-year highs, and inflation hasn't even begun to set in yet, because people aren't spending the new currency into the economy. Even Bank of America is predicting $3000 gold. If you had bought the GDXJ at $22 you would have already doubled your money.

>>18824819
> It just reached seven-year highs,
why would I buy high?

>>18824775
I'll happily go do oil and gas law for some megacorp out West if it can get me out of this godforsaken hellhole that is the NYC metro area.

>>18824819
I have the same thought as well, but considering how suppressed everything is, my fear is that they will never allow the price of gold to rise.

>>18824964
Fren, you gotta get out of there. Man was not meant to live that way, flyover states are way more comfy than (((New York)))

>>18825111
I'm trying, tripsanon. Gotta get my JD first though.

>>18824897

Understand the fundamentals and you will perceive why. Listen to what Mike Maloney and Peter Schiff have to say. Hyperinflation is unstoppable now. As I've said, I've given you a fair warning, my responsibility to you is concluded. It isn't my duty to sell you gold.

>>18825006

We're already seeing negative interest-rates, and the amount of money-printing within the past month alone beggars the imagination. Mass unemployment. More of it yet to come. They can't stop gold now. The bubble is pricked, and the house of cards must collapse.

>>18825237
>Mike Maloney and Peter Schiff
Oh, okay, so this is ancap cope. Got it.

>>18822935
You seem to have gobbled up every piece of trash being shilled on /biz/ in the last month, and well, you can see the results of that.

GTFO of your oil and airline plays, the timeline for recovery on those is longer than you think. The rest you might be able to get back to breakeven on. Doesn't look like you had a big stack to lose, so take your relatively cheap object lesson on investing in things you don't understand, and don't fuck it up next time.

>>18825374
Why would I eat a loss? Why wouldn't I just hold until they recover? It's not like I need the money right now, I have food and housing secured through my school for the next 2 years at the very least.

>>18822967
>>18823098
>>18824063
>>18824557
>>18824819
>>18825374
It's become frighteningly obvious that no one on /biz/ is actually interesting in investing, they want to gamble, not invest. I doubt any one you actualy understands economics beyond "hurr line go up line go down".
>>18822935
Bluechip dividends are safe OP. If anything I'd see if the oil stocks pump next week then sell them off, they're a bit risky. Airlines are pretty safe because they always get welfare bucks from the government but you might not see a return for a few months. You're going to be waiting a while to see ANY returns, really. The Chinese Virus hit pretty hard and it's probably going to be a full 18 months before we fully recover.

i dont know op.

the only thing my poorfag ass invested to into this world was chainlink in 2017 i only invested a couple hundred bucks every other month over the past 2 years and now its worth pic related.

i have zero in my bank account.

i dont even have a robinhood or know how to buy stocks.

>>18822967
>>18823098
>>18824063
>>18824557
>>18824819
>>18825374
It's become frighteningly obvious that no one on /biz/ is actually interesting in investing, they want to gamble, not invest. I doubt any one you actualy understands economics beyond "hurr line go up line go down".
>>18822935
Bluechip dividends are safe OP. If anything I'd see if the oil stocks pump next week then sell them off, they're a bit risky. Airlines are pretty safe because they always get welfare bucks from the government but you might not see a return for a few months. You're going to be waiting a while to see ANY returns, really. The Chinese Virus hit pretty hard and it's probably going to be a full 18 months before we fully recover. If you're happy waiting for 2-3 years all the better.

>>18826160

You sell any? Taxes?

>>18826338
i have sold about 4k worth of link and cashed out into my bank account, didnt ever pay taxes on it or any of that shit. dont think they care since its only 4k

>>18826401
>doesn't think IRS cares
Lmao, boy oh boy, they will have some fun with you

Becoming uneasy. I need these to go back up next week. I thought to was a safe buy. And KOS is bullish. But I am not so sure anymore. Oh well it was only 2 grand if they both crash fuck it

Rate my portofolio, either i gonna make it or loose all

>>18826290
It's essential to stay in /smg/ and threads like it if you want to avoid third world pajeet discord faggot retards.

Taking a beating now but I have 10k in cash reserve if there's a second dip

I don't think there will be another dip