/biz/ - Business & Finance

>>977256
Why?

>>977261
>$0

>>977256
Are you me?

>>977256

Nice try, IRS

>>977281
Do you have shares in XOM and VOO?
>inb4 no

h-heh

>>977312
VOO yes, waiting to buy XOM.

>>977326
I have a sell order in for VOO to buy more XOM.
I'd rather have the more dividends now.

With oil I don't believe anyone can predict where oil is going, but the cycle of oil doesn't seem to be ending anytime soon. Just read an article about low gas prices causing more SUV sales.

>>977315
h-h-heheh

rate? 19 years old

>>977347
Nihaha

>>977426

Looking good, especially for a 19 year old. Why SPY and VTS though?

>>977426

Also, are you considering getting any real estate funds (e.g DJRE) or more exposure to emerging markets (e.g VGE)? I notice our portfolios are both missing them.

>>977426
Buy some currency-unhedged S&P and FTSE etf's

>>977315
What a horrible design.
This thing is made for people lose money, that's for sure.

Ayy

>>977460
Not him but probs want more exposure to SP500 while maintaining broader exposure with VTS

>>977281
Are you me?

>>977634

I see your the same poster from a few weeks back.

Again, congrats, good job being born out of the right vagina. Not as many people can be as lucky as you.

But I'm sure you will rustle a few poorfag posters jimmies. Good shitposting, you spoiled inheritance faggot

>>977659
>Good shitposting, you spoiled inheritance faggot
B--b--b--but I didn't inherit my wealth.

Oh well, don't let the truth get in the way of a good meme.

>>977659
>Good shitposting, you spoiled inheritance faggot
B--b--b--but I didn't inherit my wealth.

Oh well, don't let the truth get in the way of a good meme

>>977664

Hey iHaz, I missed your wealth threads, can you show me like something, I need some motivation, been in bed for 6 hours and I just wanna die

>>977664

Someone in there mid 20's doesnt accumulate wealth like that just by investing. Maybe with compound interest and over years, MAYBE 40's or 50's

Obviously you are an inheritance babby, if not please explain how you accumulated 12 million dollars

>>977677
>Someone in there mid 20's
iHaz is a lawyer in his 40s or 50s.

>>977679

So he owns his own law firm or what

If I had 12 million dollars to invest I would become a billionaire sheesh

>>977634
Holdings?

>>977672
>can you show me like something, I need some motivation
Something like this? All index and tax-managed funds. Easy money.

>>977681
>If I had 12 million dollars to invest I would become a billionaire sheesh
I'm sure you would, Warren.

>>977682
>Holdings?
Another day, perhaps, I'll repost the detailed holdings. In summary, it's about 45 different funds, ETFs, and MLPs. Mostly index and passive funds, but also some actively managed.

>>977688

What stocks are those, I'm curious

I still don't believe thats yours

>>977688

Very cool thanks! I invest my money into games, I buy and sell items to players, I invested like $100 yesterday and got 75% more this morning, and I still have the potential to make 225%, using the same $100 investment

Is vanguard a good place to get a mutual fund? The minimum to open a mutual fund at vanguard is 3,000 that's half my savings ;_;

>>977688
>In summary, it's about 45 different funds, ETFs, and MLPs.
I never understood why you don't just buy a few total market funds. The "3 fund portfolio" will cover everything your 45 funds own (unless you made the mistake of owning foreign bonds in which case 4 funds would do the trick) with far less hassle/paperwork/costs and much easier maintenance.

Why own 45 funds over a standard 3 or 4 fund total market portfolio?

>tfw haven't started investing yet

>>977767

It's never too late to start anon. I started a year ago, invested and saved 35k already

>>977556

>>977851

What age?

To add to that sentiment, the best time to plant a tree was 30 years ago. The second best time is today.

/pol/ keeps talking about an imminent and massive stock market crash. Convince me not to listen to them and to start investing instead.

>>977767

It's never too late

Mistakes have been made this year (which is about how long I've been investing). Funny enough a month or two ago it was even worse and I was like 1,500 down.

The CSAL is because WIN did a spin off into a REIT and continued to plunge. I was under the mistaken impression their sky high dividends were sustainable (they weren't).

Started in January

Started back in June. My grandma gave me 10K to fuck with.

I suck at investing

>>977909

22

Have all my money tied up in AMRN

Still a 3k profit.

>>978012
for: >>978007

>>977981
>Going to University of Guelph
>TDmemehouse
>WINDOWS 10

3 strikes and you're out senpai. smfh.

>>978019
I graduated last year, at least I don't bank with Scotia or BMO and Windows 10 is better than 8 which came preloaded on this shitty computer.

>>977958
Why would you listen to a bunch of paranoid basement dwellers who are disconnected from reality? What have they ever been right about?

>>977634
You obviously just used inspect element to change the numbers.

>>977958
>>978027
They basically say this every other week.

>>978024
>I graduated last year

What major? Guelph kind of very shit school, it's like York-tier.

And windows 10 spies on you

How do you get into this shit? it seems incredibly daunting

>>978034
Pleb tier major, I won't lie. It really wasn't that bad a school. Its mid-tier I think. Shit-tier is schools like Lakehead, Laurentien and UOIT. I picked Guelph because it seemed laid back and had a cool vibe not because I lacked other choices. I did meet a few people that only got into Guelph that were pretty stupid though.

I really don't care if they do. I don't really have time to use the computer anymore since I've graduated except on rare occasions. I work two jobs and I mostly do everything on my phone.

>>977256
Just stared

>>978048
What major bro, cmon.

And Guelph is pretty unremarkable school...
Top tier overall: Waterloo, UofT, McGill, Queens, UBC

Good at only some programs tier: Laurier(business), SFU, UWO, York(Schulich), UOIT

Unremarkable tier: Guelph, Laurentian, Brock, Trent, Laurier

SHIT WHY ARE U EVEN IN UNI-tier: Lakehead(more like dickhead), Ryerson, some random meme schools in Nunavut or whatever, York, and everything else

>>978049

>>978039
It's easy but there's a learning curve if you're a true beginner. Start here

https://www.bogleheads.org/wiki/Getting_started

Hoping to be a millionaire in 4 years. Saving up 70% of my income. Fuck having a social life.

>>978114
Is that Berkshire Hathaway class A I see?

>>978114
>commas and periods are switched when counting Euros vs BurgerBucks

that took me a second to comprehend.

tfw I havent even started investing yet

>>977958

/pol/ needs to come up with a new "happening" every day because the previous one never happened. when they are eventually right it will be because they have gone through literally every fucking possibility and one of them finally stuck.

I only have 5k at the moment, can I still get into this stuff and expect to make some money over time? Only 5k because I'm crippled and have my family take care of me all the time. I don't expect to make a shitload, I feel like I'm wasting my life lying in bed and I feel bad for dragging my family down with me.

>>978616

Leave it in an ETF for 30 years

$10k in x3 commodity ETFs and have 10,000 $.20 shares in NBG praying for a pop lel

How do I get a Vanguard account if I'm living in Latvia?

>>977256

>>977744

This desu. Diversification is amazing, but 45 funds must have some needless overlap and extra brokerage.

Since this is a broker thread, anyone have experience with Interactive Brokers that can answer some questions?

>>978645

Apply on their European site? Find a brokerage that lets you buy US/FTSE/(index with vanguard ETFs) stocks, then buy Vanguard ETFs?

>>978689
They don't support Latvia.

>>977256
kek another diversifying fag making $20 a week. Find a biotech penny stock with a decent lineup of pipelines and actual consistent revenue growth and decent rep with mgt. Wasting time with this retail investor pleb mutual fund nonsense has never made anyone lots of money. Low beta, highly volatile, and optimize for extreme price variance trends in your favour. Mutual funds are shit, never seen a rich man made out of diversifying under 100k.

>>978713
Even Warren Buffett himself says that average guy who isn't WB should just buy index funds.

>>978726
No he says the average pleb that can't pick should buy index funds. He said himself in a harvard address once that diversifying is stupid if you don't have a lot of money. Keep buying funds and making 2% on avg a year kek.

>>978727
>implying you make more

kek, unless you work at Goldman Sachs, have Bloomberg terminal, over 10000 hours of experience dedicated to stock picking, you can shut the fuck up. Typical gambler fool.

>>978728

What he, WB, every other intelligent human being on the planet and I are saying is that IFs are overglorified savings accounts.

you're not investing, you don't have a portfolio.

>>978728
No guarantee even the gentlemen on Wall Street are significantly better at what they're doing aside from perhaps having less marginal overhead on their trades, except the folks plugged directly into the NYSE doing HFT.

>>978729
>>978713

gr8 b8 m8, r8 8/8

KMI is coming back! You'll see! You'll all see!

>>978713
>Low beta, highly volatile
OH LAWD.
Beta=volatility.

>>978728
lol another ivy league wannabe fag that sets unrealistic precedents and is tricked by his pleb professors. Whole finance industry is full of low IQ plebs, didn't even major in this and I think the math you people do is a joke. Non conventional stock picking>bloomberg ivy league brainwashed keks. Go be a boot licking analyst slave for sachs, guarantee you wont get any decent experience or knowledge from the higher up insiders that manipulate the retailers.

>>978735
Not necessarily you pleb. Correlated to market I mean, but price movements could be volatile and still not be related to underlying market movements. Std dev= volatility/risk you clown, at least within conventional investing teachings. That being said the risk has more to do with fundamentals in the long term. Market efficiency theory is bullshit peddled by butthurt pleb profs that can't make a buck on the market.

>>978739
>LAWD HAVE MERCAY!

>A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

beta = volatility. Indices are low vol, can't be low beta, high vol stocks.

>>978742
I never said to buy indexes, lol my whole rant is index investing is for plebs.

>>978745
Well, specific advice, what do you suggest then?

Just gamble with penny stocks? Really?

There is a very large amount of people who went bust that way. What makes your strategy better?

>>978748
It's not a gamble if you do your research and pick companies with consistent cash flow and revenue growth as well as a keen understanding of their pipeline technology and what it means for the market. Investing is never about gambling, you cover your risk by doing arduous research and setting firm stop loss rules. For biotech for example you'd need to understand uni level biology and finance. Basically insider knowledge into the products is paramount in the small cap game. Also understanding news catalysts for your company, and how to differentiate between white noise news and something of value. It's really not that difficult, although I personally avoid the otc. Anything too unregulated is dangerous. Stick with "penny" stocks in the 2-$5 range. Diversifying under 100k only limits profit potential, strict stop loss rules and bone crushing research prior to buying can be very profitable.

>>978737
Yeah but at least they're getting commission

>>978745
BETA IS BASED ON THE S&P 500 INDEX.

>>978749
But what about risk?

If it is so easy, why isn't everyone doing it?

And if it is so easy, wouldn't that already reflect on the price (efficient market hypothesis).

Unless your country is doing denationalisation and you can buy state company stocks for pennies (like many did in Russia, Eastern Europe, China), I don't think you are getting rich via it anytime soon.

What is your EDGE? What is your advantage over the market overall?

>>978754
Efficient market hypothesis is false. It's made by prof plebs that can't do well in investing because they're too focused on theory>practical analysis. My edge is unconventional forms of research. Getting to know management, gathering snippets of info that could be deemed questionable from them. Basically you gain an edge when you do the opposite of what most retailers are doing. The stuff they teach in financial econ courses is pseudoscience nonsense. Efficient market hypothesis is literally psyche babble crap. Humans are irrational and emotional, price does not reflect information, rather it reflects emotional post information reaction, which cannot be quantified in any way in the short term. This is why worthless companies like KBIO were pumped up by that kek Shkreli so successfully. Only brainwashed finance undergrads buy into EMH. Everyone does what everyone else does, their hoarding mentality is your profit opportunity, all you need to do is realize that 90% of them lose money, thus you mostly do the opposite of what they're doing to succeed.

>>978749
>Basically insider knowledge into the products is paramount in the small cap game.

Yeah, of course insider info will give you the edge, but how the fuck does a normal person get that info? If it is publicly available on Google, the market knows it and it reflects in the price, does it not?

>>978758
>Efficient market hypothesis is false.

There are 3 variations of the hypothesis, the hard one (fully efficient) is false, but otherwise, the market is more or less semi-efficient. Which means that beating it is HARD and you have to have shit load of edge over competition.

>>978760
Talk to management and interpret their language. Smaller cap companies don't have as much oversight, they will often release insider snippets that are coded in legal jargon. The trick is to decode their jargon and to read body language. They will never risk their position by directly giving you insider info, but knowing how to read people is an excellent skill that translates well in this game.

>>978761
Not true. Market is totally irrational. Efficiency hypothesis is just like technical analysis. It seems to make sense until it doesn't. in the long run not consistent enough to be a useful model.

>>978758
> Getting to know management

Do you mean personally?

>Basically you gain an edge when you do the opposite of what most retailers are doing.

I live in Latvia, how the fuck do I do it?

> thus you mostly do the opposite of what they're doing to succeed.

Buy when blood in the streets, right? Doesn't always work though, as it is all relative and depends on tons of factors.

>>978767
Ok, how much money have you made with this approach, what did you study, when did you start?

>>978770
I was a neuroscience major. I made over 250k with my model. Again I emphasize "bone crushing" research. You need to know these companies inside out, to the point where if you read a news release (relevant to fundamentals) you alter the balance, income,cashflow statement in your head. Started 2 years ago. Learned finance+economics from brother's textbooks+mit open courseware+uni textbooks outside courses.

>>978778
TEACH ME BRAH

Could you use an apprentice?

>>978783
Step 1- never say brah Step 2- developing unique trading/investing strategy is necessary to beat the finance plebs at their own game, if I give out every nuance plebs will hoard and it'll become worthless.

>>978791
I will not share m8

promis

>>977269
>showing off their assets in the crudest way possible
white collar nigger detected

>>978732

cognitive dissonance

>tfw you only invest in biotech and big pharma

>>978647

>not showing the stocks you have your money in

What a nigger

>>978856
>tfw you only invest in entertainment

>>978778
>I made over 250k with my model.
Post proof.
Post proof.
Post proof.

Protip: this is the only way to make the lying tradefags go away.

>>978871
What is proof nowadays? I could easily 'Inspect Element' my earnings to make it look like I'm doing amazing and take a screenshot of it.

>>978879
ihaz posts pictures of his Vanguard statements all the time. Do the tradefags not have the intelligence to post photos?

>funny how the index investors can easily show you how much they make, but the tradefags go full retard when you ask them for proof

>yfw gonna be richer than iHaz in five years

:^)

>>978896
Oh, I'm new here, I don't even know 'Ihaz', but I do get your point; like you, I don't know who they're fooling by faking their incomes.

>>978200
Nope, B. I wish I had 172 shares of BRK-A. The A is just referring to the amount of margin I get on the stock. A gets the most margin while holdings classed I get nor margin.

>>978898
Which wallet is this?

>>979221
Looks like Coinbase

>>979170
Oh I should have been able to answer my own question. The number was 172. The German interface got me but that's no excuse. I'm glad you have sane picks and an actual investment base. I see too many people but $100 of their total networth into biotech penny stocks and bragging about a $40 gain.

>tfw have piles of cash but market is overextended and entering now is suicide.

i guess im the only one into solar?

>>978778

post degree with time stamp. until then you're a sad cunt pretending not to be a complete failure in life. but that's never gonna happen because you're definitely lying.

>>978898
>still buying bitcoin