/biz/ - Business & Finance

>>28776569
>not selling when it hit around 350-400 bucks.
pathetic

that is a look of JUST

>>28776569
HAHAHHAHAAHHAHAHAHHA

WOOPS

>just HODL, bro

love how its immoral to sell shares to "normal people," but its fine to just hand out $20k, unsecured personal loans. The dude could have just gone to casino and put the $20k on red. That's fine. Buying a stock though, thats a scam!

>>28776569

>>28776667
While he should have done that exchanges screwed them over by halting new buys. It was in the middle of literally going parabolic when purchase restrictions were put in place

>>28776569
HAHAHAHAHAHAHAHAHA
SUFFER
AT LEAST YOU DEFEATED THE EVIL DRUMPF

>>28776763
It won't be unsecured, that said that's still the line they'll take. The problem isn't that some guy can put himself into debt for decades it's that they can try to use that money to make more.

>>28776569
how can someone show their face after being so retarded

>>28776837
why do you faggots always reply this as if it matters newniggers ?
You think if it went to 1K it would have been different ? People would have still been left holding bags while others sold, just at a different value
It was ALWAYS going to end up as a PnD

>retarded art major believes everything he reads online
>doesn't understand but hey the magic box told me to go all in
>shocked and dismayed when he loses money

Clearly we need to overhaul the system to protect these people.

>taking loans to gamble

>>28776569
Good. Should have stacked PM I stead

>>28776569
Poor people are poor because they are dumb and lazy, poor people deserve to be poor, when a poor person becomes even poorer because he is a dumb poor person then I laugh and spit in his face because he is poor and dumb. Fuck poor people and fuck niggers.

>>28776843
I made big bucks thanks to reddittards and also voted Biden, get fucked

>>28776906
This
>people don't know what's going on or anything about stocks
>Listen to people screaming HODL

>>28776885

you're right, from the article:

>Mr. Vergara, a 25-year-old security guard ... stashed his savings mostly in diversified index funds, which are now valued at about $50,000. ... He didn’t want to touch his index-fund investments, so instead he got a personal loan with an 11.19% interest rate from a credit union

>>28776837
i mean yes but i still made money off GME. not as much as i would have if the jews didnt rig it but still 3x'd it. if you bought in at 3 digits you were retarded to get in so late in the first place

>>28776569
that's fucked man..

>>28776906
Redditors still don't understand that someone, an actual entity, has to buy their bags when they sell stocks

>>28776569
rekt

looool what an absolute moron

>>28776569
>imagine listening to reddit
he got what he deserved

>>28776569

>>28776843
>>28776965
Imagine thinking that it matters what senile kike is in office, American politics are bread and circus and you both fell for it. Low iq nigger tier humans.

>>28776691
JUST

why is there no solidarity among us here at biz and wagies? he just wanted.. to make it. why the mockery?

>>28777195
ok that was so good that it was ridiculous

>>28776569
>a litteral mongoloid

>>28777355
because he took out a massive loan expecting to get rich overnight deluded by a reddit echo chamber. he's nothing like bizrealis

bags? holding
hairline? balding
teeth? stained
blue balls? undrained
bank balance? red
gme? dead

>>28777195
wtf

>>28777355
How long have you been on biz? This place is filled to the brim with jeet PnDs and pick wojaks everywhere you look. Just because it comes from Reddit and isn’t shilled by the needful doesn’t mean it isn’t a PnD.

This faggot looks exactly like some smug liberal queer I use to know in high school. The type of faggot who couldn't get a GF despite all his attempts to come off as a "respectful" ladies man. I hope it's the same guy, haha eat a dick Eduardo.

>>28777355
As another poster pointed out, its like taking out a loan, going to a casino and then betting on red.
He was just retarded, and retards deserve to be laughed at

>>28776906
People who buy the top inherently deserve what they get. People who got kiked didn't deserve it

>>28776569
"iNVESTOR"

>>28777591
God I hated Eduardo too. Fuck you Eduardo. Get justed

>>28776909
>protect
cleanse

>>28777195
My gran can pull of shit like this, no idea how she does it.

>>28777591
Eduardo is a gigantic faggot that deserves to be poor

>>28776569
same group of people who buy doge

>>28777719
If you get into a PnD and are too retarded to try to sell close to the top, you do deserve having lost all your money

>>28777823
Eduardo really was the cancer that killed high school for me.

>>28776569
and it was his own fault
- (((WSJ)))

>>28778437
Yes it was

>>28776667
I guarantee these low IQ (ie redditors) morons actually thought they are destroying walstreet from their couches.

As one redditor put it (likely one of you guys)
>this whole GME is an expensive lesson in group dynamics

>>28778437
If they were not meant to be shorn, they would not be sheep.

Doing a poor job guarding his securities.

>>28776569
Now imagine if he bought Chainlink or Bitcoin instead.

>>28777195
Imagine the calculations that go in the brain when you do stuff like this. It's insane.

If you read the article the dude had $50k in a mutual fund and took out the loan to avoid having to sell the mutual fund and realize gain. Probably planned to ride GME for a few days then cash out. Since he lost he'll just sell the mutual fund to pay the loan. Not really a sob story, but they had to make it a click bait headline.

>>28776569
In other news, a bank gave a 25 year old security guard 20k to buy shares of a failing company

>>28778316
It peaked over $500 briefly you retard, how is 320 close to the top?

>>28778644
He'd still buy High sell Low

>>28776667
That faggot probably bought at $350.

>>28779095
For personal loans they don't ask for the reason afaik

>>28779095
Bailouts for me bootstraps for thee

>>28776569
>wagie makes bad choices
>left bagholding
>somehow this is news...
Jews working overtime

>>28776763
All investing is personal, so this is just media hype to get clickbait revenue. Normies put in more back at enron and that was immoral of the company, this time they want to blame the internet as being immoral pnd discord groups.

>that one kid who put his 100k student loan on gme and made a tiktok of himself crying when it dumped
Kek

>>28777195
Impressive

>>28777355
go back

>>28777195
I love watching these sports. The only thing I watch at winter Olympics is curling

>>28779720
How do you even get a 100k student loan?

>>28776667
This has been one of the added benefits of crypto for me, I fucked around with a few hundred bucks on shitcoins when I started, they pumped, I held with greed, then they dump and I made nothing. It's a lesson most of us learn and I'm grateful it was in this shithole instead of what that tard did. Imagine taking out a loan to gamble, Jesus Christ

>>28777355
he made the biggest mistake you can make as an "investor," literally one of the first thing you learn about when you get into any market is to not buy into pump and dumps unless you're part of wave 0 or wave 1 of the pump and dump. if everyone in the world is talking about the price of something you're probably already too late in buying in, and if you do, you gotta get out quick. gamestop stock is a retarded buy because its a dying company, anyone who did basic research would see that. so getting it as a short term buy worked out fine for some but its not a mid-long term buy.

>>28779720
imagine paying a fucking penny towards this

>>28776904
Probably got some money from the (((Wall Street Journal))) for his story.
It’s a good way to dissuade people from daring to take a swipe at Wall Street.

>>28781510
>I was a retard, give me 500,000 dollars
what goes through these people's minds?

>Felt bad because I lost 3 bucks in the penny stock last week
>See this
>Feel much better
Thanks OP, at least here in /biz/ I can learn about what mistakes are to be avoided.

>>28776569
>the fucking internet told me it was true!
Jesus Christ you really have to wonder if these people actually have some kind of debilitating mental illness

>>28779720
lmao to the guy whose life savings was $300.

>>28776569
The guy in the photo isn’t the security guard, but another guy that lost a ton of money.

>>28782639
haha fucking Newton lmaoo

>>28777195
This is actually entertaining to watch unlike slomo steroid niggerball sport #40078

>>28777195
i don't even know that sport but that's impressive

>>28777195

Hot fucking damn

>>28776569
Incredible. He can take a 20k loan for that, but I can’t take a 5k loan to build a gaming PC. Peak clown world

>>28776569
No wonder jews call them cattles

>>28777316
Unironically this
>having debate about free speech laws
>boomer in law: “well now that joes in office it’s all going to hell”
>later someone comments “it’s not even America anymore”
>boomer in law: “well yeah now that trumps out”
The most frustrating part is that people keep trying to identify me based on the Trump/Biden false dichotomy. As a people we are so completely fucked. Brainwashed cattle

>>28776763
what's evil with giving loans retard

>>28781128
>It's a lesson most of us learn
but the lesson can also be in reverse
for me I have rarely lost gains because of holding too long, but I have lost millions because of selling after a 2-3x and then the coins did 200x

>>28777355
Because he's a retard NPC

>>28778832
No calculations, just a ton of practice to get the feel for shit like that

>>28776965
>didn't vote for Zognald
Based

>believes Biden will fix things
Anon, you know they all answer to the lobbyists right?
The only difference between Bidenstein and Trumpberg is Iran War lead by Trump which thankfully didn't happen since Biden won, and right wing retards lost their pressure relief valve (trump winning) so expect a chimpout

>>28776691
No that is the look of
"ahah I will get away with this because the government is responsible for my own fuck ups"

>>28776569
glad to know I only lost a couple hundred on that shit show

>>28784386
>chimpout
These consoomers are too fat, timid and comfortable to stage a revolt. And when they do start chimping, they immediately fell for federal psyops like the naive midwits they are.

>>28776569
Look at this amerimutt face. Looks like an hybrid between a spic, an african, an asian and an european.

>>28776908
this

>wagies think they can escape the cagie

Kek I bought in the Friday before it dumped at like 3:20pm and then sold the premarket Monday morning at $20 profit
Not my smartest move, but feels good not to be delusional

>>28777651
This retarded whore threw 6 figures at gme, and the worst part is she'll just make that back in a year due to lockdown starved simps
i hate whores

>>28784924
Oh ya, I forgot about (((stop the steal))).
Its funny watching the Trumptards get led by the pied piper to Washington only to get arrested and the redditards try to take on walstreet only to go broke

>>28781128
>Imagine taking out a loan to gamble, Jesus Christ
I took out a loan of $10k over a year ago and put it all in a single crypto
The stack I currently have of that same crypto is now worth over $100k, and based on my research will be valued at way more in the next few years
Putting loan money into crypto/stocks is always a risk, but that risk is significantly reduced when you pick the right thing after doing research on it to see its future potential and whether it's a serious/innovative project, and to see if it's low enough in price for a safe entry point (to maximize potential profit)
>>28784176
>I have rarely lost gains because of holding too long, but I have lost millions because of selling after a 2-3x and then the coins did 200x
One of the biggest crypto lessons I've ever learned over the years is this:
Once you have any stack of crypto tokens in your possession, there are only two things you should ever do with those tokens from that point on:
Either sell some/all of them when the time is right and the desired amount of profit is there....
....or beyond that, hold those same tokens for as long as possible, even the rest of your fucking life if necessary
Otherwise....NEVER SELL/GET RID OF YOUR CRYPTO TOKENS. EVER. I don't care how few of them you have, or how shitty/scammy the tokens are. I don't care if it's fucking Bitconnect tokens that you held on for too long after the scam was exposed, you keep that shit in a wallet somewhere (if possible, don't even know if any Bitconnect wallets still exist in any form) and make sure you're able to access them again in 20 years or more
I once had over 5 million dogecoins like 5 years ago that I got for a couple hundred dollars....then after its price barely moved for a few weeks I sold all of them for some token that barely 2x'ed
Had I held up to today, I could have bought a decent house with that money. Point is, you never know if the shittiest of coins will do a random 100x out of nowhere for some reason

>>28783465
>it's not a sport. Look at his physique. He doesn't look like he was born tall at all.

>>28776569
This article was written to make retail traders look bad. The simple fact of the matter is WE OWN THE MARKETS NOW. Hedge funders BTFO.

>>28786076
>Putting loan money into crypto/stocks is always a risk, but that risk is significantly reduced when you pick the right thing after doing research on it to see its future potential and whether it's a serious/innovative project, and to see if it's low enough in price for a safe entry point (to maximize potential profit)
Honestly I don't see it being that different than someone who carries a balance on his mortgage while investing. If he really felt like carrying a loan to invest was that risky, he'd use all available funds to pay off the mortgage first. Obviously people don't do that. Where it gets risky is when you don't have the income to cover your potential losses.

>>28776569
after big market dips i go on wsb, sort by the loss flair and just start masturbating. love watching retards lose money.

Imagine if he just put that 20k into GRT when it was 50 cents.

>>28777195
he knew he had it as soon as he let it go

>>28783905
Interest rates are usury you filthy kike

>>28786448
he could have put it in literally anything but the reddit memestocks and made money

>>28783905
Interest, inshallah

>>28784386
>expect a chimpout
You new or something? They'll either a)call one another glowies for thinking of doing anything b) willingly hand over their guns to "own tha libtards" (le epic boat accident) c) Qanon d)do what anglos do best ruin white countries.
Pick and mix for a better flavour of failure.

>>28776569
So, he is a greedy idiot. Am I suppose to be sad about this? The fucking company is worth $2 and you bought it for $300. What do you want from me? When is Tesla going to crash?? Fuck!

>>28776569
lmao I took a 20k loan out of my 401k in 2018 and used it to buy 60k LINK, which is now worth $2M. Get gud.

>>28776569
You know what, this faggot probably already has a go fund me, and is going to end up being a millionaire off of donations. Total bullshit.

>10k
>'lost big'

>>28784660
But that's not a hedgie.

>>28784386
So you’re saying I should buy shares of Raytheon ahead of the inevitable new wave of “Muslim Extremeism.”

>>28776569
>sees gme spiking
>quickly gets loan
>hurry up loan come through
>gme at $350
>yes finally my loan
>buy $20,000 worth of gme
>gme immediately dumps to $60

>>28776569
>A fucking moron was fucking stupid and did some dumb ass shit, and now he's even poorer

Wow that sucka

>>28783792
he had a job, and judging by the fact he had other investments, probably had good credit to get approved
the fact that you think you need 5k to build a gaming pc pretty much is irrefutable proof you are trashcan at money. what, you want 3 3080s so you can play cyberglitch 2077 for 2 days like the other mustard race retards? lmao

>>28780088
In med school my tuition was 40k/year and I could get 60k in subsidized loans plus 50k in unsubsidized without really any question. There are also people that unironically take bank loans for college too because they hate themselves.

>>28779095
Im self employed and cant get any personal loans. They mostly target wagies with those loans because they know the wagie will be wagieing for life anyways so theyll get their money back most likely.

>>28776569
Should have invested in Band Protocol

>>28787833
i AGREE WITH U, THAT GUY UR REPLYING TO IS A FAGGOT

>>28780088
Mostly graduate school, especially if it's in medicine. Unless they come from money dentists, doctors and veterinarians all graduate with a few hundred thousand in loans.

>>28777195
masterful display

>>28787332
Its more like;
>If you don't date trans you're a nazi
>If you don't believe what we tell you you're a Nazi
>If you criticize Israel at all you're a Nazi
Call out a guy who happens to be Jewish you're a Nazi
>Want a meritocracy: Nazi
>Hate walstreet: Nazi
>hate nigger culture and weimerica: Nazi
>not a pedophile or beastiality: Nazi

You see where things are headed

>>28784340
That feel is a refined calculation in the brain, we just don't think of it as an actual calculation because we're organic.

>>28776569
you don't need psyops when people who are well off willingly bankrupt themselves for no reason. Based.

>>28777195
That was outrageous

>>28786771
lolololol really though

>>28777195
That's amazing and I don't even know the rules.

>hedgies lose bigly
>Reddit loses even more bigly
Absolute win

Does noone know how to use a Trailng Sell Order? I mean it's not that fucking difficult to put a 10-15% stop loss when its on a meteoric rise just in case.

>>28776569
>security guard at 25
What went wrong bros?

>>28776774
Hahahaha holy hell! Saving this one.

>>28788141
that's just sad as hell

>>28788298
shill me on band pls

>>28777355
>solidarity among us
cancer that's killing 4channel

>>28780081
curling is underrated

>>28776906
this, prisoner's dilemma. the "fuck you melvin" aspect was cute but the house always wins

>>28777355
wasted get

>>28776569
OHNONONONONO

>>28776667
i bought at 220, sold at 280 and got the fuck out.

>>28776569
Have there been any suicides yet over GME?

>>28782639
upgraded version

>>28776569
Whoever that guy in the picture is has excellent art and ccould make between 1-5k a month from drawing furry porn easily. With about 1k for living and putting the rest in random memes he can make it to mid six figures in a couple of years.
It's really depressing to see people with real skills who fail to monetize them properly and complaining about their financials.

>>28793421

what a retard

>>28778607

>>28783208
>>28793421
>"The Jews did this to me."
>proceeds to execute hundreds of (((counterfeiters))) without mercy.
Based Newton.

>>28777651
people unironically donated money to her to help make up the loss already

>>28782639
>>28783208
>be Newton
>famous for “what goes up must come down”
>get burned on a pump n dump
Pottery

>>28786676
>>28786840
isn't it a persons choice if they want to enter into usury or not? nobody held a gun to his head and told him to get a loan

I have the unfortunate displeasure of having to deal with security guards as part of my job
And they are all dumb as fuck

>>28777195
>0:21
>JUST.

>>28776667
my normie friend legitimately believed GME was going to hit $100000
"it's a blank check"

>>28776569
Where is he from? What shit hole country allows banks to lends 20K to a security guard?

>>28776569
>j-just hodl bro
>$1,000 by next Friday bro
thanks for holding my bag bitch haha

>>28777195
>JUST shirt
beautiful

>>28796130
I'd hodl those bags

>>28796246
based

>>28776569
how the FUCK a 25 years old WITH A JOB doesn't have 20k in his name, and has to take a loan instead??

>>28776774
>at least, its all revealed.

>>28797529
perhaps he was in school, in debt, other shit going on man.
remember the statistic if you have NO debt and have $1000 in cash/liquid you are richer than ~90% of the US or something?

>>28777110
>11.19% interest rate from a credit union
damn.
now he need to sell his index funds.

>>28783889
>>28777316
>>28776965
Nice coping you mutt retards. This pathetic attempt at saying "both sides are da same" is genuine coping that you lost your only populist president. If Trump was part of the system, why did the media lose all its credibility just to bring him down? Why did they commit electoral fraud and stole the election in front of your eyes? Why is the GOP trying to purge him? Why did Trump start no wars? First time in decades. Because he was a genuine populist. This is just an attempt to cope to deal with the fact that the system is actively doing things to you and making excuses for your inaction by saying "well they are da same"

>>28778437
it was anon.
>>28779720
KEK
i lost to corrupt hedgies.

>>28777195
Wtf

>>28781510
good.
retards keep giving money to OTHER retards.

>>28784386
>zogald
>think joepedo is better
https://www.youtube.com/watch?v=dbn4i7_CFIM

>>28776569
based, i love it when nonwhites lose all their money

>>28797743
you ever HEARD of scapegoat?
who got damaged the most?
trump? or white people?? who is called a TERRORIST? trump?
joe is the same shit as trump, and BOTH such kosher cock
https://www.youtube.com/watch?v=dbn4i7_CFIM

That cold NPC stare.

>>28784386
>war was avoided thankfully since Biden won

>>28777195
holy fuck thats impressive
but is this even winning? I'm unsure of tge rules, but iirc the ball closest to the target wins, and him pushing out the target made it actually closer to the rightmost ball, unlucky af

>>28776569
He's not the security guard. WSJ is retarded lmfao

>mfw i met this guy at a convention

>>28797701
he HAD 50k in invested though.
but now with this loan that was 11 percent interest, he have to liquidate or go into higher debt.

>>28776667
yup. they were ultimately just as greedy as the kikes they were trying to fight and got dumped on appropriately

>>28782651
He maybe on to something tho. Low market cap gofundme for redemption of a soul.

>>28777195
DAMN!

>>28777195
bruh

>>28776569
Not even that much money. Take the rest, learn, and get it back.

>>28788843
My head hurts...

>>28798720
20k loan on 11 percent anon.

Why didn't they just uninstall their apps so they couldn't be charged?

>>28776667
Most were not expecting the massive market manipulation to lock the goyim out and start naked selling when the hedgies started to lose.
No idea why, you can clearly look up them and the brokers have the same owners.

this is why stock exchanges limited buying/selling shares

because of retards like him

These are the types of retards who will be buying our crypto bags in the euphoria stage. Everybody say thank you based retards