/biz/ - Business & Finance

>>19637684
>10

imaging trading your childhood

they will get burned and never trade again. not sure if i wanted my child to teach this important lesson

>>19637755
imagine having this dark of a childhood and your dad is some creepy money obsessed faggot. also this clearly never happened

Is there nothing that flags a bank account as belonging to a minor? I would think there would be protections against this sort of thing.

If I bought AMZN when I was 10, I'd be a millionaire today. Based kids?

>>19637684
Don't you have to provide proof of identity to open a trading account?

This is exactly like crypto in late 2017, its crazy
Youve got bankrupt companies who 2x in price

And stuff like this
https://twitter.com/stoolpresidente/status/1270446611953573894

>>19637684
half of his squad is on biz, can confirm

>>19637901
And if you bought any of the other stocks they'd be worthless today

>>19637955
true but trump needs the stock market doing well for re-election

>>19637684
What an absolute fucking farce

>>19637991
Trump will be re-elected because he's one of the most based presidents in the US history

>>19637973

You're joking, right? You could have bought nothing but random blue chips and still made a fuckhuge stack of cash

>>19637901
>if I bought yahoo when I was 10, I‘D be a millionaire and lost it all by now

>>19637853
Protect from what? Jesus, fuck you.

>>19637991
2 cities have abolished police and fallen to anarchy. 200 corpses every night. The whole country is burned and looted.
>BUT MUH STONK MARKET

There will be no election, retard. It's over for America.

>>19638026
What has he done besides pass more gun laws? Kushner is the real president btw

>>19638157
Camden NJ abolished it's corrupt police department and made a new one. Violent crime dropped 50% since.

P.S. Trump will pass this little gem
https://www.cnn.com/2020/06/09/politics/tim-scott-legislation-draft/index.html

P.P.S. I meant Kushner

>>19637901
>implying they won't be an impulsive faggot and blow it in their teens and early twenties

>>19638032

Implying that "trading" on Robinhood means buy and holding a stack of blue chips.

>>19638181
>Kushner is the real president btw
This right here

Serious question, do children have to pay taxes?

>>19638157
Source? Or are you full of shit again, like always...

>>19637684

“Look for the S&P 500 to turn positive for the year with a boost from the Fed in the week ahead”

That’s sentiment at the moment and probably the most frustrating aspect of a mania. The most reckless look the most right and the most reasonable the fools for not chasing or trying to fade.

...

Like Druckenmiller I’ve been surprised at the vertical nature of this move, but unlike him I don’t attribute it to the reopening optimism, I attribute it only to one thing: A stock mania created by an overzealous Fed that is trying to save the economy, but in process has created the largest asset bubble of our time, and with that they put in the conditions in place that markets could be faced with another crash. I may well be wrong on this, but the circus like atmosphere in context of historic valuations, optimism and giddiness along with bears crying are exactly the type of conditions that have ended bear market rallies in previous periods of history. To think it’s different this time is to count on it being different this time. Well, in one aspect it already is different this time: The first stock mania inside of a recession. Not discounted far below at all time highs, but rather sitting on top of the largest disconnect between the economy and the stock market ever. Inside of a recession no less.

Sven Heinrich

https://northmantrader.com/2020/06/08/crash-2/

>>19637684
>when I was ten my father taught me how to buy the top. He bought the bitcoin top himself back in december 2017, his father bought the top of the dot com bubble and my great grandfather entered the stock market in october 1987, I'm a fourth generation gay retard

>>19637684

Sven Heinrich:

“Look for the S&P 500 to turn positive for the year with a boost from the Fed in the week ahead”

That’s sentiment at the moment and probably the most frustrating aspect of a mania. The most reckless look the most right and the most reasonable the fools for not chasing or trying to fade.

...

Like Druckenmiller I’ve been surprised at the vertical nature of this move, but unlike him I don’t attribute it to the reopening optimism, I attribute it only to one thing: A stock mania created by an overzealous Fed that is trying to save the economy, but in process has created the largest asset bubble of our time, and with that they put in the conditions in place that markets could be faced with another crash. I may well be wrong on this, but the circus like atmosphere in context of historic valuations, optimism and giddiness along with bears crying are exactly the type of conditions that have ended bear market rallies in previous periods of history. To think it’s different this time is to count on it being different this time. Well, in one aspect it already is different this time: The first stock mania inside of a recession. Not discounted far below at all time highs, but rather sitting on top of the largest disconnect between the economy and the stock market ever. Inside of a recession no less.

https://northmantrader.com/2020/06/08/crash-2/

>>19638230
I'm talking about Minneapolis and Seattle. 2 districts of Seattle have officially seceded and are not part of US anymore. They are guarded by armed communists.

The zoomers will bring btc to 50k then the boomers to 100k

Btc might do some real damage if we dump on boomers.

>>19638378
Take your meds schizo

"12 year old son asked mum to open Robinhood account to buy the dip": 50:55 https://www.youtube.com/watch?v=yfVIZN8VrEQ

Anyone have a source on this meme of robinhood users are keeping the market afloat

>>19638421
It's even being livestreamed. CHAZ aka Capitol Hill Anarchist Zone is going strong for 3 days. There are plan to take whole city by the end of the week.

>>19638252
How do. Nobody tells trump what to do. Especially not a son in law. Family DEFINITELY not telling trump what to do he makes sure they get put in their places. He makes sure they know he’s alpha of Trumps

Also my gfs sister told her she is thinking about getting into the stock market because of some british arab girl who is a daytrader and is showing off her wealth on social media

We can't be far from the top
Exit all markets

>>19638426
Why aren't these little bastards buying crypto? Who manipulated them?

>>19638370
This guy is a fear mongering fuck. You listen to him and peter schuff and you’ll stay poor. Just flow with the momentum and give zero fucks about being right or wrong just whatever makes you money.

>>19638495
Some clickbait article.

>>19638557
Good thing cucks wont let Trump declare Antifa a terrorist organization but made sure to declare those big bad white supremacists one!

>>19638605

Either yields go up and the market crashes in nominal terms, or YCC is implemented and it crashes in real terms. There is no alternative at this point. Anybody gambling on this market instead of getting into gold right now is a reckless fool.

>>19638589
It is really frustrating seeing all this stupid money flowing into the stock market instead of the crypto market, especially because they could move the market so much more than fucking stonks

>>19638569
Kushner is much more intelligent than Trump and is 100% manipulating him behind the scenes. We'll find out in several years no doubt.

>>19637803
Better to lose your lunch money that your retirement

>>19637901
theyre all doing meme shit like options or random shitstocks though

>>19637684
wtf

>>19638634
you are wasting your time talking to him. HEs chasing paper wealth and doesn't get everyone will be wiping their as with it when it over

So what happens if these 10 year olds go all in on some shitty option but it pays off and they make 50k then turn that 50k into 500k but then lose it all a year later. Does the IRS fuck the kid or the father?

>>19637684
You must be a fucking retard to believe this bullshit. How much money a fucking 10yo have, implying they even have a God damn card or whatever you need to gamble on that app

>>19638634

hahaha stupid doomer

>>19637901
they're not investing, they're buying digital scratchoff tickets ie options on robinhood. They'll get burned at an impressionable age and never trust stonks again. Honestly a net positive as they'll probably become silver and bitcoin stackers.

>>19637853
>no kids allowed in my economy
Where does it end? No stocks? No gold? You want kids to not be able to buy food? The whole point of america is that a dollar is a dollar, whether you are an 87 year old nigerian, or a 6 year old caucasian. Nannystate BS is orwellian tier cringe.

>>19639150
it doesn't really matter how much money they have, nobody's really claiming that a 10 year old is moving the markets. The point is the faddishness of it. If anything, the less money the kid has the more dire the situation is, as it means he actually thinks he can turn $5 into $5000 or or some other life changing quantity of money. It's precisely this sentiment that is spreading among poors that they, too, can 'wisely' invest $10 and retire in a month that is indicative of how far sentiment has detached from reality.

>>19638589
Robinhood is incredibly easy to trade on. Crypto is much more complicated in comparison. The learning curve keeps most people away and the 2017 BTC fiasco. Once crypto becomes like paypal or Venmo, then I'll see it taking off.

>>19639400
These 10 year olds are why Hertz tripled after BK announcement. These kids are making money

>>19638557

I didn't expect a collapse of the US in the 2020 catastrophe bingo at the beginning of this year, what the hell actually, like Europe didn't teach them anything about commies

>>19638378
No one is worried about a bunch of trannies that have put up some barricades. This whole ordeal will be forgotten within two weeks max.

Then there will be some other happening. My prediction is that it is going to be June 21. Screen shot this.

>>19638615
>cucks won't let Trump
>cucks tell trump what he can and can't do
No it's Kushner

>>19637684
This is obviously fake and if true he would probs lose all his money, but honestly I wish I had started when I was that age. Is it ever too early to learn about finances?

>>19637684
This is right up there with "My four year old came up to me and asked... 'Mother, why is Donald Trump exacerbating systemic racism in America...?'"

>>19638230
Lmao somebody needs to stop watching CNN. They literally rehired over 100 of the same cops immediately and it'snot even a big city. Camden is still a shithole. I drive through it to work. They just do the same shit they do in Philadelphia. Niggers are literally not charged for crimes unless it's a red handed murder case.

>>19639598
Roll for mass shooting

Can't wait for J-POW to play all these stupid print-bubble niggers

>>19639680

Not at all. Teach your kids to earn everything they get (with chores and responsibilities) and to save for the big things they want. That teaches them diligence, foresight, entrepreneurship and delayed gratification and they won't stop thinking that way.

Teaching them about investing is just the icing on the cake, what they can do with their excess income for future returns. My parents knew how to do the former but not the latter, I had to learn about investing myself and wish I knew better.

>>19638589
>>19638662

no. It's better they arent buying crypto yet. The jews obviously want them to buy the top of the stock market, while they start buying crypto. they dont want normies in on the ground floor of a new paradigm. how do you do that? Make them hate crypto by making stonks easy as fuck for them

>>19638378
>2 districts of Seattle have officially seceded and are not part of US anymore
Lmao no they have not, if the feds really believed they were actually STEALING American land for their commie bullshit they'd slaughter them all. If this shit is considered building a sovereign nation than homeless camps are sovereign nations too.

>>19638378

Implying that niggers can actually run a country as a crowd

There are two smart moves right now. Buying crypto, and saving money to buy stocks when the crash comes.

>>19637684
Imagine being a parent and posting lies about your children for attention
I could understand if it was a mother but his father?
Holy fuck western society is cucked

>>19639806
try something else, rolled a 9

>>19639806
sry missclick

>>19637684
trading = losing

I'm OK with this, it's fun having teenage/prepubescent fags lose their money

>>19638634

Gold is literally shooting up in a straight line right now after the Fed's announcement on rates. I warned about this inverse correlation between gold and real rates yesterday. >19621142

Gold is literally shooting up in a straight line right now after the Fed's announcement on rates. I warned about this inverse correlation between gold and real rates yesterday. >>19621142 Remember, when gold goes up, stocks are crashing in real terms.

>>19638048
Kek

>>19639820
>slaughter
Lol. The country is burning because they killed 1 nigger.
Can you imagine what happens if they kill just a few more? They can’t touch them. No one can. Not the Feds and not the CIA.

>>19642494

Imagine believing this.

>>19642527
See you in 2 weeks. Then see in 1 years when USA breaks up and stops existing

Dollar is crashing and stocks are flat. This could get nasty.

>>19642587

Please screencap this post. Save the picture on your desktop. Then in 1 year look at it and consider how fucking retarded you are lol.

This all one big nothingburger

>>19637839
>teach kid about money
>anon on 4chan seething about how his dad was a dis affectionate retard. You and your dad are pathetic faggots

>>19642683

letting a 10 year old kid gamble on robinhood is not teaching about money lol

>>19642618
Did. You are ignorant and brainwashed. That’s the reason you won’t make it. If you knew a bit about geopolitics, economy and social engineering it would be clear as day US is about to die, just like USSR died 30 years ago.

>>19642494
and to think only 25 years ago the federal gov burned down an entire compound with men women and children inside just because they thought they were allowed to resist a federal bureau over some bullshit charges

now literal commies are occupying cities
how low the mighty have fallen
the usa is going to see a great retreat to taiwan tier scenario at this rate

That kid doesn't understand shit about what he's doing and evidently neither does the dad. Future degenerate gambling addict in the making

>>19638032
>invest one month of allowance in 7th grade
>15 years later your investment has tripled to $87.91

holy fucking shit is that a sell signal

>>19637839
>>19637755
I wish I learned the basics of trading at that age instead of all the high schoool kikery

>>19637957
Based Vincentposter.

>>19637901
kids are like women, they have weak hands

it's actually good to have kids in the market because it means more money for the rest of us

>>19638157
You happeningfags need to get fucked

NOTHING
EVER
HAPPENS

Is this what bears have left? A lie?

if stocks crash again won't crypto crash with it?

Will this be used as the excuse like the dot com and housing bubble to blame the next crash on? I feel a narrative appearing

>>19643287
Look at the charts. In crisis where people have less money to invest it affects everything but compared to stocks Bitcoin does well. Whatever happens to specific markets in the world like the US Bitcoin will continue to be what it is.

>>19643336
"The great fuck-oh-fuck crash of 2020 was primarily caused by the effects of COVID-19, and was triggered by a rush of new investors into the market via new tools such as 'Robinhood'. Some fringe historians point to the federal reserve buying repos in the autumn of 2019 as a symptom of underlying issues, but only wild conspiracy theorists attest that federal monetary policy and quantitative easing would have caused such a financial disaster anyway."

t. McGraw Hill AP US History book c.2025

>>19643460

I hope we don't let them re-write history. Must not let it be forgotten that Ray Dalio, Peter Schiff, Ron Paul, Mike Maloney, David Brady, and many many others long ago predicted what is going on right now.

https://www.cnbc.com/video/2018/10/04/ron-paul-on-stocks-biggest-bubble-in-the-history-of-mankind-to-pop.html

https://www.ft.com/content/1c90b8d6-36f6-11ea-a6d3-9a26f8c3cba4

https://www.youtube.com/watch?v=NsbPDtSv8mw

https://www.youtube.com/watch?v=Lua9Ots5Pk8

>>19643460
So you feel it too?

>>19637940
Yeah, its a gay twitter larp

>>19637755
Imagine not knowing you have to be 18 to have a Robinhood account. It also doesn't say his son is trading, just that his "squad" is - and nobody knows how old the "squad" is - considering it's Fortnight, it's entirely possible the Squad is 30-40 year olds playing with a 10 year old.

>>19637853
He doesn't say his kid has an account. Just his "squad". Robinhood asks for ID to open an account. It's a US based company, there's no way they can do anything stock related without valid ID.
https://robinhood.com/us/en/support/articles/how-to-send-in-documents/

>>19638557
In before the governor calls in the national guard to do the job the mayor and the police failed to.

Imagine thinking this would end any other way.

>>19638662
>YOU CAN'T SPEND TRUMPBUX ON STONKS, YOU HAVE TO BUY COINZ BECAUSE I'M OWED A LAMBO

>>19638157
>no election
GEOTUS wen

Imagine these kids holding chainlink at 10 years old until their 20's

>>19638662
The pain of the crypto drop from a few years ago is still felt. It has been over a decade since stocks did bad. A kid that was 8 during the 2008 crisis has lived his entire life of people getting rich from buying cheap stocks then and holding.

>>19639598
based and solareclipsepilled

>>19642587
>just two more weeks bro

>>19643583
could be this.. Or the kids are using other app or way to trade.. we never know.. but seriously what's the change of 10-13 kids are literally trading rn?

>>19642706
>t. communist who doesn't know

There's the popular meme that retail investors are making this "recovery" also I've noticed a people mentioning counterfeit money a lot now. This could all be used for a excuse to make a USD crypto since China may be using it now

>>19643879
It's not really a meme. Eg new robinhood user accounts skyrocketed in last weeks

>>19642826
You mean wait 80 years

>>19638662
NOOO BUY MY PORN WHORE MANAGED COIN OR THIS OTHER PAJEET COIN

>>19643782
Zero to none, you have to provide Robinhood with ID.

>>19643532
>>19643538
Its going to be like the publicly ladled out history of the great depression. A vague recounting that somehow some Snidely Whiplash motherfuckers used the power of greed to will the best stock market of all time into a crash. And that somehow Hoover was a fault because he didn't press his magic button to fix everything. And don't forget that FDR was solely responsible for fixing things, despite his policies causing a depression within a depression, and that WW2 was the US's way out.

Alternatively, we get fondly remembered as the only retards in history that didn't know PMs were real money. At least we'll be an object lesson in that case.

>>19639806
and then kangs come by and steal it all legally through taxes and illegally by jogging into your house

>>19642706
keep me posted

>>19644049
>Its going to be like the publicly ladled out history of the great depression.
Well, that's what you desperately want to think, because you're ignorant and so gakked on hopium, you think crypto/PM would be a safe harbor in a scenario like that. (Spoiler: it's not.)

who else is left to buy into the bear trap?

lmao if shoe shiners and zoomers buy...

>>19637684
>trading
Gambling

>>19644225

Gold nearly doubled during the Great Depression, and gold stocks made a fortune. Gold has also done extremely well in Japan, despite being a deflationary environment. (https://www.youtube.com/watch?v=w5ffEORwWkk.).) So you are completely wrong about that.

>>19644225
I'm trying to state that the way the textbooks talk about this coming crash is going to be similar to how they explain the 1929 crash. Keep up. What hope am I expressing here? We're all staring down the barrel of a bubble that should have popped a decade ago.

Or are you just lashing out because you don't want to believe bad things happen?

>>19642703
It literally is though. What were you going to teach her, be a wagie & slave for Mr Shecklestein until death, while saving your cash in a bank account for no interest so you lose everything to inflation? This dad is based.

>>19644228
> everyone is buying in
> that’s the definition of a bear trap

>>19638335
Kek'd and painfully close to chek'd

>>19642494
A rabble of niggers and anarchists are insignificant as long as the US federal government holds a monopoly on violence via the US Army.

>>19638157
>Corona taught doomers nothing

>>19637684
>playing Fortnite
>trading rather than investing or portfolio building
>10 years old
There's still time, get in front of that retardation and try to course correct before it's too late.

>>19638569
retard

>>19638335

>>19637684
The U.S. Economy is fucked. We have teenagers propping up the market.

>>19639405
are you high
stonks require you to submit a billion ID and documents just to be able to buy shit, and then you've got to report that for taxes every single year