/biz/ - Business & Finance

bump

Savings account.

>>465682
already in a savings account. $5 a month of interest

Obviously, index fund

What's up with macro economics?
Simple concept that no one seems to know how to apply, ie the situation in.Argentina. What stands to happen according to (obvious, and not so obvious) possible outcomes? Where are the opportunities to turn a profit?

Is this more a question of general econ or country-specific variables? How would even go about finding out about the latter?

>>465690
fuck the fairy dust stock market

>>465665
>from parents for school. what should i be doing with it?
Paying for your tuition and living expenses, idiot.

Buy two apartments in Russia. Rent one, live in the other one. Learn Russian, fuck Russian beauties. That's my goal for life.

>>465721
P.S. I'm Russian by the way, so no need to learn Russian. Just passive income and underage girls.

>>465727
My gf's russian. Is it weird that you guys don't have a word for "fun?"

>>465665

Buy a Diploma. Move to a different city.

Work as said "Field". Have more money saved for assets. (Crypto / stocks etc)

OP here. i have thought about buying a small business. like a flower shop or dry cleaners. bizbuysell.com has so many for sale. How hard to get financing?

>>465779

>tfw russian gf

bump

not trying to deal with the rat race bros. how do i capitalize this opportunity. how to make this money grow other than running some business and being there 9-5. although school is boring so i might buy a small business and say fuck it

i also understand how hard it is to accumulate the money i have in one account. takes years and years unless you balling to save this much which means i should fucking do something and capitalize

>>465779
how many times a day does she talk to her mother?

what personal details did she share with her mother about your relationship?

the sex is great isn't it?

>>466159
keep it in cash for 3 years

economy and markets going down in a bad way in a few months. just like 2007, now is the time for cash and holding it . incur no new debt

I've been bullish for 5 years but I'm ready for the end of this bull market by early 2015.

obamas chickens coming home to roost

>>466976
Dont do this. Markets are stable at the moment. Macro is pretty good, especially in the US. Nowadays everybody wants to turn a correction into a full blown panic. I am pretty sure that the S&P will hit 2,300-2,500. Valuation arent between 15-16 times earnings. I wouldnt pull thw trigger until we get close to 18 or 19. Given that there wont be any major catastrophe in the meantime.

>>465665
Op, my name is Tim Sykes. Pay $9001 dollars to me and provided you have six million hours, I will teach you how to short penny stocks.

>>466998
keep it in cash

if some version of this doesn't happen before the new year, then I'm wrong

here it is: s&p down for about 6-7 weeks from whatever happens this week and next. then up into Feb./march to new highs. the last move up can take more time but not strong possibility
that's how bull markets end

>>467013
fuck off tim

>>465686
>. $5 a month of interest
that's fucking criminal.

>>465665
>>$65,000
>>what should i be doing with it?

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>>467347
yeah the interest is THAT low. not much i can do. i think the best move to make when things are unclear is to make no decision.

>>466976
>>466998
a portion was in stock. i sold it and got the fuck out of merrill lynch as quick as possible. i was way too nervous. its no joke when you could lose 10% or more of all the money you have in minutes. im currently researching small businesses to run. i think it is safer than all other options.

>>467543

>Small business
>Safer

I seriously can't stop laughing.

>>467342
What the fuck did you just fucking say about me, you little pump & dumper? I'll have you know I turned my bar mitzvah money into a fully audited pre-tax income of $1,000,000, and I collapsed my own hedge fund, and I have 2 million students. I am trained in pump & dump inspection and i'm the top penny stock trader in the entire vicinity of miami beach. You are nothing to me but just another CYNK. I will short you out with precision, the likes of which you've never seen before, mark my fucking words. You think you can get away with shilling that penny stock over the internet? Think again fucker. As we speak, I'm contacting Tim Gritani for another CNBC shill session, and as we speak, I'm making more money of Profitly than ever before, so prepare for the dump, faggot. The dump which wipes out the pathetic little thing you call your portfolio, you're fucking bust, kid. I can trade anywhere, anytime and I can short on over seven-hundred brokerages, and that's just with my Mac. Not only am I extensively trained in pennystocking, but I have access to the entire seeking-alpha website and I will use it to its full extent to make your longs hit their stop losses. You little shit, if only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn’t, you didn’t, and now you’re paying back your margin loans, you goddamn idiot. I will shit fury all over you and you will drown in it. You’re fucking dead, kiddo.

What are some little things i can do with low capital to make money?

Im already learning to make android/iOS apps, and websites, what other kind of things are there?

>>467991
learn how to do one thing really well, then do it over and over.

I like this industry and how much it pays and how many different ways to participate. look up cpa industry for advertising.

everybody needs and wants traffic for their websites. cpa and traffic is a money machine that doesn't end.

learn how to drive traffic and learn the cpa industry. cpa is cost per action

it takes work to learn but it pays ridiculously well.

>>465665
don't do anything with your money yet, learn how to handle money first.
>book - Richest Man in Babylon

Some said its good, some said its sucks. It's a nice read for me, even for the first 25 pages. You can google for the pdf.

>>467742
please tell me how purchasing a small business such as a laundromat, c-store or flower shop with verifiable cash flow all in the 80k region is more dangerous then putting the money in the magical stock market, which entirely relies on quantitative easing and federal reserve bank support. sorry for the run on sentence. do you really just put your money into stocks and hope they go up. you do realize the stock market has little to nothing to do with actual fundamentals. like gordon gekko says "if you're not inside, you're outside pal."

>>467742
and what stocks would you buy? $100 dollar blue chip stocks that are overvalued just like the rest of the stock market. literally, yeah bro I'm going to buy like a couple hundred shares of exxon or something and hold it because its totally going to go to like 150 a share.

OP here and I would only buy into the stock market if it crashed again. everything is too expensive.

Drop out of college and save your money. Learn to invest and find a way to spend money on things that will make you more money.

Congratulations you're already twice as successful as the average college graduate.

>>468364

Investing in one business offers less diversification than investing broadly in stocks. Also it's a far more illiquid investment.

>>467013
>>467990
lol'd

>Just started investing
>$580 in E*Trade to get some practice
>Buy 7 stocks of Facebook
>Week later, I've made about $13.86
Great, except the trade fees total to $20.
Do I really have to pay $10 per trade? And where is the magority of that fee even going? To the broker or the website?

>>468415
>drop out of college
despite what assholes here say it's good to have a backup

>>468448
I do agree that owning a business is illiquid, but its basically guaranteed income. I'm just not sure I actually want to work at my own business 9-5, and devote my life to operating it.

The whole thing about the stock market is its so great when you (rarely) make money, but you also could lose half your money in a couple hours. The latter is not possible in a small business unless the apocalypse happens. I am trying to find the right business and be an absentee owner. I don't know how much financing is available though.

>>469671
I think about dropping out of college daily. It took a lot for me to even get to college. I was trying to join the USAF, but I pussied out.

Everyone loves talking about "investing." Few will actually explain what they mean beyond "stawks brah, stawks." Then you get the occasional "you need to start a diversified portfolio." Yeah bro I'm going to buy 30 different stocks/etfs/bonds etc.

>negative

Maybe that shit works if you have a million dollar portfolio where small movements net you like a couple thousand dollars. Plus there is capital gains tax. Not that many choices.

Investing in rental property barely nets you a couple hundred a month until the mortgage is paid off.

>>470172
>Pussied out
>Of the Chair Force

>>465665

Step 1. Accept that retail is too fucking stupid to beat the market, 70% of hedge fund managers smarter than you fail to beat the S&P 500.

Step 2. Index 60% into a S&P500 index, 25% into emerging markets index, 15% into a high yield bond index.

Step 3. Fuck off and learn as much as you can everyday

Step 4. Come back in 20 years.

Step 5. Profit with over 500K in compound interest and reinvested dividends.

This is the best advice you'll receive on here.

>>470343
If hedge funds are beating the S&P then they aren't doing their job of HEDGING. They're supposed to hedge their investments to mitigate risk so that they outperform the S&P in the event of a downturn. I don't know why nobody seems to understand this.

>>470375

b-b-b-b im smart and listen to what other people parrot!!!!!!

>>470343
About 50% of threads on /biz/ could be closed with this advice. This person knows what's up. The only thing I'd add is to keep adding to the funds once you get out of school and start working.

>BS job where I'm able to do whatever I want (ie internet) 30-35 hours a week
>Approximately $1,000 to invest/gamble with each month
>Only basic knowledge of finance/economics
>Have been using that free time to self-learn (pirated many textbooks)


What do? Index fund? Trade forex, stocks and bonds? Start a Roth IRA? It's looking like I will be at my current place of employment for a while.

>>470176
So you are against investing? What are you saying here?

>>470375
Because a hedge fund isn't about hedging against the market, it's about beating the market. There is a reason that hedge funds are under strict rules on who can invest in them. Those who can invest in hedge funds can afford to lose that money because it ends up being a tax dodge.

>>465686
Wrong savings account then. I get around $40/m on mine and only have $50,000 in there.

>>470415
What job is this?

>>467013
What's wrong about Sykes?

>>465665
Savings accounts!

Hahaha goyim. Enjoy that interest after inflation. Thanks for the cheap money!

>>470415
up

gib advice

>>470433
Where is your money because the only banks offering savings rates around .90% or 1.00% are shitty online ones. For example, GE capital is offering .90% for savings. Who the fuck is going to put money into the "GE Capital Bank?" My money is safe in a 100 yr old local bank that has no investment division. Basically they are a traditional bank that has 0 chance of folding. It is a family owned bank. Brick and mortar.

>>470343
The only advice you have is again "hurr durr, stawks." Fuck the stock market. It is beyond a joke. I could not honestly with a sound mind put my money into that imaginary game.

Do most people actually put there livelihood of wealth into the stock market and just hope it goes up? Oh, right we are "investing."

I have decided to actually put my money into real things, like owning a business. Collecting profit from actual business sales. Basically, I'm looking to actually take part in the real economy of transacting goods and services.

I just have to find the right business. Everyone here is clearly fucking clueless.

>>470750
>puts all his money in his business
>reinvests all money from business into the same business
>one day, business dies
>no assets anymore

Really smart move, bro.

>>470743
All of the major banks here in Canada offer a 1% savings account. We have specials at the bank I work at of 1.75% interest on one of our accounts currently, and it's regular 1.05%.