/biz/ - Business & Finance

>>27667579
You and I are in the exact same place. CS major. 25. December grad with 33k lmao. Hopefully we make it

>>27667579
yo that prop money is a great idea, i just lost 60k in spy puts cause im a retard

>>27667949
That's pretty fantastic man, hoping here myself too, keep it up brother!

>>27668133
>>27668133
Had my good days and had my bad days trading the spy. Best was 10k in 4 hours and worst was -7k in 2 hours. Spy is something i started avoiding recently because i find it a lot harder to predict indexes/ETF's rather than individual stock performance. Still can be a bit of fun in small quantities but i limited myself to 1 contract at a time on spy and started getting into the ones that are in the money with longer expiry's.

>>27667579
construction laborer 2years full time. 29
none/no formal education
25kcash 70k investments

>>27668460
That's fantastic man, good ratio of cash/investments imo. I'm currently 28 in investments and 5 in cash. It's mostly to keep myself above 25k to continue the ability to day trade if i need to although my strategy isn't heavily reliant on it. Plan on doing about 1/3 in cash whenever i can.

>>27668444
I went in with 49k, was up to 90k and blew my account up thats now sitting at 4k

I still have 2.3 mil in chainlink but can't touch it. Basically broke again because that was my spending money.

>>27669064
Damn how come you cant touch it?

>>27667579
>Stocks
>Liquid
>Holding more cash than is needed for an emergency
You only need enough cash to pay 2 months of rent and buy a plane ticket to anywhere on Earth. The rest is wasted to inflation.

>>27670128
because by principle I know it's my golden ticket and I justify it by not wanting to pay taxes yet

>>27667579
Electrical engineer, been working for 8 years. I have 240k in liquid assets.

Final semester finance student
24
~65k in stocks because of business and options

>>27670667
oh btw forgot to mention age

I'm 23

made 1.2 mil from chainlink, first bought in at .32 cents. Inherited 550k from a rich uncle that was adopted into our family that died unexpectedly.

My whole life I never expected to inherit anything, and that only changed a year ago when this based boomer took our lesbian aunt out of the will and replaced her with me. He died from what they claimed was coronavirus, dude was stuck on his floor for 3 days and couldn't call for help. They did a wellness check and got him to the hospital but was too far gone, doesn't sound like corona to me personally.

So I was just as lost as confused as you guys were and it's crazy because in 2017 I only had about 15k to my name that I had saved up from waiting tables and selling cars with a few random lucky option plays on earnings.

33, Unemployed, 51k in stocks, 8k cash, 27k in debt.

24
Accountant
10k cash 73k investments

24 year old warehouse worker. 30k in stocks and another 30k just sitting in my bank account.

>>27667579

Buy $CLF under 18

https://stocktwits.com/symbol/CLF

BlackRock upped stake to 15% and ArcelorMittal owns 17%... Together both these superb companies own 1/3rd of Cliffs

>Price Targets: $30 PT Short Term.. $50 PT if Biden does Infrastructure..

We called $CCIV to 30, $PLTR to 40 and $WKHS to 40

$CLF is next in line

- /r/vitards & #SteelGang

>Credit Suisse remains Neutral on Cleveland-Cliffs (NYSE:CLF) on valuation but acknowledges strong medium-term free cash flow yield.
>KeyCorp upgrades forward earnings estimates to $3.25 for CLF.. meaning $32.50 is a PE ratio of 10 in an industry where standard is 17
>B. Riley lifted their target price on Cleveland-Cliffs from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, January 12th.
>BNP Paribas upgraded Cleveland-Cliffs from a "neutral" rating to an "outperform" rating and set a $22.30 price

31m working in a shitty but high paying tier 1 help desk role with no degree. 212k liquid net worth, most of that is in index funds. For debt, I have like 3k left on my student loans but I pay the minimum payment every month (did trade school for IT lol).

>>27667579
28. 150k. NEET.

25
72k net worth (35k cash cuz I'm saving to buy property)
IS degree/Software engineer

>30
>$20k cash/stocks
>$60k crypto
>$120k in 401k
>own no LINK bc retarded

Am I gonna make it

>>27672761
Congrats. You're young open an IRA and max it out. Buy some boomer dividend stocks and reinvest. Put 75% of the rest in BTC & ETH. Play with the rest. Adopt me.

>>27667579
Wow what a fucking basedboy having to use prop money.

29 with 16k liquid net worth. Also have 30k equity in my house. Feels kinda bad but I live in a nice flyover city where everything is cheap and it's comfy.

24 yrs old, ~280k net.

>210k in eth (bought at an average price of $10)
>30k in other cryptos (DOT, BTC, DOGE)
>30k liquid in bank
>5k stocks
>5k PM's

0 in any retirement funds, and own about $5k of illiquid assets

Thinking of buying a plot of land to raise some animals for ~$35k

I'm trying to diversify away from crypto, any suggestions?

>>27679113
Open an IRA and max out the $6k/yr. Compound interest is your friend when you're young

>>27679344
;( I'm not in america

>>27667579
26 and probably about 8k in liquid assets, net worth of probably $15-16k which is not where I want to be at all. HODLing ETH/ADA/ALGO and got my fingers in a few other pies rn. Really trying to figure out how to squeeze some gains out of a few good uniswap trades since shit has just been going bananas on there lately

>>27672761
Sorry to hear he went out like that... I used to live with my mother in a place with tons of old people and the amount of times things like that happened is insane. An elderly person falls getting out of the bathtub and can't move or get to a phone all windows and doors closed can't make loud enough sound. Lieing on the ground in their own piss and shit. It is an awful way to go. They usually aren't dead when they get help but I have noticed they often die shortly after... Pyschological in a bit I imagine. Once youv been through that you want to go.

>>27680340
I expect a big correction after all the newfags experience their first rekt moment. Literally do the opposite of what newfags do. Scoop up after.

>>27680442
i know so many newfags right now that got rekt on dogecoin that keep coming back for more beatings. i think a lot of them genuinely won't learn until they're broke and I'd like for them to pump my bags

21, just finished college this semester and started at a decent job

have just over 10k and growing given my current paycheck/budget

29
68k cash
390k crypto
86k in da 401k

I need to get my cash into stocks/crypto though, the crypto doesn't feel real yet so I feel like most my wealth is in cash

21, Got around 25k liquid worth. 20k in cash and 5k in investments. I'm feeling like I got way too much money sitting around though, and I'd like to get it working

How does crypto investing work? Do you bet that a certain coin will go up massively and buy it? I feel like crypto is too normie to get on but I honestly know fuckall about it

>>27683808
Bro I feel you, I had a lot of cash too and felt about it.

If you wanna slowly get into crypto and play it safe at first, open up a HYSA with blockfi or celsius and buy a "stablecoin", and just get 8% yearly returns on your money. Stablecoins are coins that are paired with the US or other currency, so it does not fluctuate like other cryptos.

After that, if you decide to buy actual crypto, it's a lot easier to trade your stablecoin to any other coins.

>>27683910

I'll try that, 8% per year seems really good compared to ETF returns recently.

I've actuallt started mining dogecoin in my offtime. Is it worth setting my gpu to mine something like eth? I've heard it's the most valuable rn

>>27667579
50
worked at mcdonalds in the 90s for a year
less than $1 in bank, mid six figures in crypto

>>27667579
That is the gayest picture I've ever seen.

29, neet, haven't been outside for a year. 10k in crypto, it's all I have.