/biz/ - Business & Finance

>>20729968
Come on guys. I just need a little help getting started

>>20729968
Here's the most important advice you'll ever get on biz: Look at what everyone on biz is doing and do the exact opposite. 70% of the threads here are pajeet scams and the rest are retards buying into said scams. If the trend is everyone on biz is buying, sell and vice-versa. Call me back when you're a millionaire.

>>20730227
That's definitely a good start. I've already seen many threads of guys going broke. I'm sure some were just jokes, but I know people irl that do stocks and go totally bankrupt. And I didn't really have any interest in buying bitcoin or link or any other shit like that. Mostly just wanted to invest in normal companies and not quick startups looking to make a buck.

bump

>>20729968

Buy physical gold and silver, along with the GDX, GDXJ, SIL, SILJ mining indices on the stock market. The whole system is collapsing, and you need to get out of the dollar now. https://i.warosu.org/biz/thread/19669109 >>20675348 >>20597543 >>20603169

>>20730314
I mean, if you see something, even in crypto, that you understand and can rationalize as a good technology whose token's price will pump, go for it. Especially in the current bull run, I've made 7x to 10x on some coins. Just be careful to always use your own rationalization about why it will go up or down. Not the number of threads/shills in here.

>>20729968
Since you are new and i guess you want to play it pretty safe, you should just buy some top index fund or some "Safe" stocks. It wont make you super rich but your money will grow and it wont be a gamble.

>>20729968
>I don't know anything about finances besides going to work, taking home my check at the end of the week and spending it. Although, I'm not a complete retard with my money.
oh nonono

>nd I didn't really have any interest in buying bitcoin or link or any other shit like that
NGMI!!!

>>20730370
And also stay away from crypto if you dont want to sell your soul. There is huge money to be made and lost there. But stocks is more "safe"

>>20730351
Honestly man I'm not really interested in the whole buying precious metals bit. I've got many trades to my name and I know in an all out collapse, I can absolutely survive and thrive. My skillrange includes but is not limited to industrial equipment maintenance and repair including engines and hydraulic systems, plumbing of any sorts, welding and general iron working, hunting and any other food gathering activity, carpentry, guns etc etc. In a shit hits the fan scenario, I'll be more than capable of making a living, surviving and thriving. I also don't believe gold will be worth that much. Places like that fort in america, that underground vault in britain, the fuckin cnn headquarters are all filled to the brim with more gold than you could ever think to do with. In a shtf scenario, the people that own these places will still remain rich as fuck or if they are killed, this gold will be taken in large quantities and ruining it's value. I would rather have actual skills and services to sell than gold and silver

>>20730387
>ngmi
I've already made it big man. I just want to make more and see no reason why I should exclude investing from ways to increase my wealth

>>20730314
>And I didn't really have any interest in buying bitcoin or link or any other shit like that. Mostly just wanted to invest in normal companies and not quick startups looking to make a buck.

Ok, you do you OP. I just want you to know that I turned $5000 into $250,000 with crypto. Already cashed out $75k for student loans and im letting the rest ride.
But you enjoy your safe gains.

>>20730370
>>20730399
Yea I intend to play it kind of safe. I'm not completely terrified of the idea of losing a few hundred, but I'd rather not. I've been watching the market for a while now. Really wish I had invested in amd before they released there ryzen processors. I'd have a small fortune by now

>>20730572
Yea I know you can make big big money on crypto but its just not a game I want to play in. I've heard of people buying like a hundred bucks worth of it many years ago and are now millionaires. I kind of have a feeling that cryptos are going to be oversaturated soon and won't be worth much by the time I get to it, but I don't know enough to really say.

>>20730572
>Already cashed out $75k for student loans
accidentally brushed over this. bro I honestly don't want your advice if you blew 75k on the biggest scam in history

>>20730666
The reason people are still bullish on crypto is because the entire usecase and future outlook has changed. While before people thought it would be used as a currency or replacement for fiat, now people are looking more towards smart contracts and DeFi. So another bullrun is possible, which is why its smart to have a crypto nest egg in the right places. I know you're not interested but I figure you should know this if you're gonna spend time on /biz/.

>>20729968
>I'm a newfag
>only been lurking for a few hours
>cuz
This has to be bait. If not, we buy and sell crypto here retard. If you want advice on options trading, /smg/ is where you need to lurk. Go through the educational links and watch the khan academy videos on finance. If you need another r*dditnigger to show you how to use spreads and how to actually do options trading watch these playlists:
https://www.youtube.com/watch?v=s0J8drGAJS4&list=PLOweupE79XXiBaeH_xBpkUcYUsrAaKQen&index=2&t=0s
https://www.youtube.com/watch?v=1pib5XCpXP8&list=PLOweupE79XXjHe9Q8yYEhZDU4cUmDvOnp&index=2&t=0s
You're probably going to lose all your money anyway though.

>>20730695
Post your salary and age.
Mine is $95k, and im 22 years old. On track for another 5% raise this September.

Do you know how I know you're an old boomer in a non technical position? Because you don't understand blockchain at all.

All you have to do is put as much money as you won’t need for rent into these and forget about them for s few years.
RSR
ALGO
LINK
PNK

If you are a wage slave playing around and investing in companies is as waste of time because they won’t make you any money for 15 years. Also, you’re starting out with small stakes that will not grow. Even if you have a good year and make 30% in the stock market, what’s 30% of $500? You’re going to break you balls to make $150 over a year at best? Nobody makes that much anyway.

Just buy those cryptos and forget about them. Nothing else will moon.

>>20730719
I said I'm not interested but honestly I don't mind throwing a little bit of money to the wind and seeing which way it blows.
>>20730728
thanks for the links bro.
>>20730763
I guess that's fair enough. Like I said, Im not opposed to throwing about a bit of money.
>>20730759
Where do you live because that's an important factor as well. I make 85k a year with no debt and a fully paid off house in a small town in north dakota. The difference between making 95k in a big city and a small town is huge

>>20730759
Also networking is far more important than having a degree.

Don't wanna start a new thread.
But how do you go about starting a product based business.
I finally have a good idea for a product, but no idea where to start.
Do I have to firstly make a prototype and then go about a patent for it or?

Go all in on XRP, it will do at least 100x

>>20729968
use fundamental and technical analysis to find undervalued stocks. buy those stocks and wait until they go up, then sell.

>>20731115
I think you actually would be better off making a new thread for this. This thread hasn't really gotten a lot of bumps. Yours might do better. The first step is you actually have to have a working product and "blue prints" on how to make the product and how it works and shit like that. Then you hire a patent attorney to work out all of the legal mumbo jumbo that no ordinary person can be fucked going through and he'll guide you from there

>>20731175
Thank you Anon.
Ill get working on the actual product then and then patent etc.

>>20729968
Read and watch everything ray dalio has put out.

>>20730572
How did you make those gains? I’m trying to pay off my debt as well. Flipping shit coins? I’m up about 1k from doing that but it seems high risk

>>20731685
>I’m trying to pay off my debt as well
another mouth breather bites the dust

>all the faggots itt talking shit because I wasn't interested in crypto
>many threads popping up left and right after retards pissed away their money on link
get fucked

>>20729968
Don't buy link. You're late to the party. People just want you to buy their bags.

>>20730666
you just have to find the gems will be used in the future

>>20731842
>asks for advice on a crypto board
>gets advice to buy some crypto
>tells everyone to get fucked

You’re a fucking faggot I hope you stay a wagecuck,and lose all of your money on shitty robinhood

>>20731925
seethe more linky

>>20730524
ngmi

>>20732082
Have you made it?

>>20729968
bump