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/biz/ - Business & Finance

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152929 No.152929[DELETED]  [Reply] [Original]

You! Yes, YOU!
You now have 25k in your bank account.
You are not in any debt. You are single and healthy individual.
BUT, you can't stand working. You despise work more than an average person.
What do you do to fix this?

>> No.152932

>>152929
>What do you do to fix this?
Trade stock market.

Do it right, you can make 1% per day, which means 250 per day. That's well enough money to feed yourself and pay bills.

>> No.152936

>>152932
Forget the stock market.. PLAY THE OPTIONS/FUTURE market.

High risk, High reward.

Boom. Dynomite.

>> No.152939

>>152929
I quit being such a bitch and find a more laid back job. Or play some illegal shit. Not having a job because I don't like it is fucking foolish.

>> No.152943

>>152932
You mean day trading?

>> No.152949

I work towards FIRE. Because even though I understand and accept risk(in the market for my investments), I don't trust my abilities to trade.

>> No.152944

>>152929
This thread again.

I remember when biz was good. The normalfags are taking over.

>> No.152955

>>152929
Build a shitcoin miner
Then buy more with wathever I get
Keep mining until it becomes unprofitable, then sell the parts to gamers

Then it's time to invest in something real

>> No.152953

>>152949
what is FIRE?

>> No.152994

Sorry buddy 25k isn't much. You're still going to have to work

>> No.152998

That's exactly my situation though.

I solved it by going to grad school.

>> No.153012

>>152929
Strange, I'm in exactly this situation.

The short answer is, you work anyway, until you have enough to actually survive on passive income. There's no way to live on $25k that wouldn't qualify as "work."

Alternate answer: move back in with your parents and offer to do small jobs around the house to cover room and board. Spend no money at all aside from what you can earn on side projects.

>> No.153051

>>153012
>>152994
>>152939

>Working
What a foolish activity to waste one's life on.

>> No.153068

>>152932
>you can make 1% per day
>over 300% return per year

Uh... What? Maybe if you're a corporate and government insider. Nobody can make 1% per day and keep doing it.

>> No.153078

>>153051
I'm not going to lie it's possible to get by with really smart investments. But it's simply too risky for me and I'm not going to convince myself that I can retire by playing only the stock market with 25k to start out with

>> No.153163

>>152944
>I remember when biz was good.
Lel been up for like a week and a half and already has oldfags.

>> No.153176

>>152936
Scams? No.

>>152943
More like week trading.

>>153068
If I had more capital to buy and sell, I could. At the moment, the amount of gains I make are outweighed by transaction fees. I can generally predict up to 0.5% shifts in shares, it's not THAT hard.

The stock market is pretty easy to understand if you do a little research on the statistical methods, and a little more into how businesses are run and what external factors effects businesses. If you're in STEM and doing well in STEM (+3GPA, no impossible American 4.x bullshit), chances are you have the intelligence to play the stock market.

>> No.153187

buy bitcoins

>> No.153220

>>152929
You'd have to do some pretty risky (all or nothing) day trading to make enough money to sustain yourself on a mere $25k. And an extra zero to the end of that and you're literally set.

>> No.153235

>>153068
futures bro

>> No.153234

>>153176
How much capital do you have, and how long have you been trading?

At 1% per day, hell even 0.5% per day, if you had started in 2010 with $1000 you'd have over $20 grand by now. That's with a fucking thousand. If you had any reasonable starting capital like OP, $25k, you'd have more than $5 million dollars today.

That's impossible. You can't make that.

>> No.153240

>>153220
>day trading
Or, instead of wasting your time and dealing with the high stress levels all year just to hope to double your return...take your $25k to the casino, put it all on red, and walk out with $50k.

Or you walk out with nothing. Same odds as you losing your shit in the stock market day trading anyway.

>> No.153243

>>153234
>How much capital do you have, and how long have you been trading?
5000, about a month, in so far, I've made exactly one non-profitable trade out of 10 total trades.

>if you had started in 2010 with $1000 you'd have over $20 grand by now
I'm working on it.

If I have any insight that you couldn't learn from a few investing websites and blogs, you guys will most definitely be the first to hear about it.

>That's impossible. You can't make that.
Come to think of it, 1% is pretty unrealistic, but it is my personal best for a trade after only a day.

With OP's capital, I could make at least (least) 50 a day. Still not bad money.

>> No.153248

>>153240
The house always wins in gambling, the investor always wins on the stockmarket.

The system wants you to invest because it means business can do better. The casinos want you to gamble, not necessarily because a third party will do better, but because they want your money. There in lies the difference between trading shares and gambling.

>> No.153258

>>152932

>making 1% per day

You absolutely cannot make 1% percent a day over the course of years.

>> No.153262

>>153248
>The house always wins in gambling, the investor always wins on the stockmarket.
I hope you don't actually believe this.

Even though my example was sarcasm, if you go put all your money on red in roulette, and the ball lands on red, you will walk out with double your money. There is no guarantee that you get a return there, just like there's no guarantee that you get a return in the stock market.

And what you're saying about the "system" wanting you to invest is somewhat true in terms of long term investing, but that guy was talking about day trading.

>> No.153265

>>153248
If you double your money on heads, and lose it all on tails, a 50.5% heads biased coin favors you, and a 49.5% heads biased coin favors the house, but it's still only a 1% difference.

Or if you go with the setup here http://en.wikipedia.org/wiki/St._Petersburg_paradox you "always win" theoretically but in reality you lose every time.

>> No.153273

>>153235

Go ahead bro. put your money where your mouth is and make that 1% per day. You are going to get your clock cleaned.

>> No.153278

>>153243
>With OP's capital, I could make at least (least) 50 a day. Still not bad money.
.5% per year I can believe. Might be a lowball estimate, but certainly realistic. That aside, I am curious how you learned your stuff (assuming you aren't lying on the internet).

>>153262
He shortened it, the saying is "The house always wins in the long run." That's just simple statistics though, the stock market is much more complex in that it actually involves mass psychology which is more complex than just statistics.

>> No.153309

>>153278
>That aside, I am curious how you learned your stuff (assuming you aren't lying on the internet).
Extensive research, as in, from the hours of 8 to about 1 I'd simply and purely research stocks, shares and the market. I've read a few books, browsed as many websites as possible, etc. I'm trying to make sure I can learn as much as I can early on, so my trades in the distant future are much less stressful.

>> No.153333

Move to somewhere extremely cheap to live, you can probably stretch that out a couple years if you're in the U.S.

Take 6 months to learn how to develop apps. Use the next 6 months to start releasing apps. Then you will have 6-12 months to gauge your profits and see if you need to get another job or can potentially live off of it.

>> No.153345

Bet 100 on roulette.

If you lose, bet 200.

If you lose again, bet 400.

You would have to lose such an impossible amount of times to use u p all of your 25k that it will LIKELY never happen.

>> No.153363

>>153345
You'd have to lose like 8 times, it's not really that far fetched if you have really shit luck.

>> No.153391

>>153278
>.5% per year
The hell? An amateur could do better than that, so long as he could control his urges. That's like savings account returns ffs.

>> No.153414

OP I was in the same boat then I got fired.

Gotta suck it up unfortunately.

>> No.153446

>>153391

You realize he would have 150k in one year if he did .5% a day.

I hope you are trolling intern.

>> No.153452

>>153446
Um. .5% per day is a bit different from .5% per year.

>> No.153459

>>153345
http://en.wikipedia.org/wiki/Martingale_(betting_system)

>> No.153464

>>153452

Oh sorry bro I dun goofed

>> No.153556

>>153068
If you focus on jyst making a small amount per day it is possible in a bullish market. Just hop on whatever is being bought or short sell something at open.

>> No.153571

>>153459
I remember when betting was around in runescape I turned 500k into 25 mil in a week using this strategy. I lost it all when I got bored and bet 75 mil on a dice duel.

>> No.153599
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153599

>>152929
>You now have 25k in your bank account.
>What do you do to fix this?
I call the cops because someone just stole all my money.

>> No.153610

>>153464
Yeah, I figured, considering your response. Honestly, I don't think even .5% per day's all THAT unrealistic.

>> No.153612

>>152929
Build a bunch of scrypt miners.

>> No.153615

>>153051
What if you enjoy your chosen profession, feel as though it is important, both personally and to the world in general, and have goals that you want to accomplish long term?

>> No.153630

buy gold

>> No.153635

Put it in my pokerstars account and sit back while my bots turn it into $250k.

>> No.155950

>>152953
Financially Independent/Retired Early

Basically >25x expenses saved up, and work becomes optional

>> No.155983
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155983

>>152929

jump under car

sue

never work again

>> No.156044

First I'm going to find out who the fuck took my money.

>> No.156049
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156049

Assume:
>be 25 years old
>hate working, want to retire now
>somehow have ONE MILLION DOLLARS in the bank
>willing to live a very simple, austere life
> you're fucked, pic related

Think even a million dollars is enough to live the dream and retire without working? Think again. Your million bucks won't even last through your 50's.

And this assumes annual spending of only $40K/year. Which has to cover housing, food, medical bills, clothes, car, utilities, taxes, travel, entertainment, etc. Any unexpected expenditures and you're fucked even worse.

tl;dr You need a lot more money to retire comfortably than you probably think.

>> No.156059

>>156049
That's if the mirrion is accruing no interest.

Investing the bulk will make it last much longer.

>> No.156075

>>155950
Amen brother

Preach on - FIRE guy here, only 3 more years to go!

>> No.156076

>>156049
That chart is total bullshit. I could live the next FORTY YEARS on a THIRD of a million dollars. Charts like this ALWAYS factor in a fuckton of non-necessary expenses that stupid Murricans think are requirements.

>> No.156086

SHORT PRAN

>> No.156091

>>156076
you mean you don't spend $40k per year after paying off both your mortgage and vehicle?

>> No.156090

>>156059
Actually it assumes a traditional stock/bond investment rate of return (5%) on the entire balance. Not investing would result in the money running out 14 years earlier.

>> No.156109

>>156076
I'm sure it's possible to live on less than $40k per year (less than $3500 per month), but would you want to? Does anyone really aspire to live in a shitty apartment, eating ramen noodles, and riding the bus to the public library because you can't afford anything nice? Is that how anyone want to live for 60+ years?

>> No.156140

>>156090

But 5% of 1 million bucks is $50k a year!!!

You could draw $40,000 a year forever. And your investment would go up $10k per year. By the time that guy was 56 he should have over 1.3 mil.

>> No.156164

>>156091
I rent, dummy. And why the hell would I have a mortgage? I don't buy shit I don't have the fucking money for like a retard Clapistani. I may live here, but I'm not required by law to act like it.

>> No.156170

>>156109
>less than $3500 per month
You stupid nigs can't live on LESS than $3500 a month?? Yeah, see this is exactly what I'm talking about. What the hell is wrong with you people?

>> No.156178
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156178

WHAT HAPPENED TO MY OTHER $180k?!

>> No.156182 [DELETED] 

>>156140
>But 5% of 1 million bucks is $50k a year!!!
>
>You could draw $40,000 a year forever.

What is inflation, and why does it think you'e an idiot?

>> No.156193

>>156140
>But 5% of 1 million bucks is $50k a year!!!
>
>You could draw $40,000 a year forever.

What is inflation, and why does it think you're an idiot?

>> No.156203

>single
>healthy
>doesn't like to work

You can't have all 3

>> No.156215

>>156182

No, U.

You said he's pulling out 40k per year. If he starts pulling more than 40k per year to deal with inflation it should be specified....

Cost of living still has to go up more than 20% to even start tapping into the base investment. And that's assuming you really need $3500 a month. Which in many areas of the USA is not true.

>> No.156223

>>153615
well sure, but that seems extremely fucking rare.

>> No.156228

>>156170
I'm sure we could, but why would someone want to if they're making dosh?

>> No.156246

>>156228
So, in other words, you're a wasteful, dumbnigger. That's why you ran out of money so fast.

>> No.156253

>>156170
I make about $4400 a month. I spend maybe $1500 of it. The rest goes into shit. So, if I wanted to be a poorfag amerifat I could find a job that makes that little but I'm not

>> No.156269

>>156246
But i have half a million saved.

>> No.156316

Fund a bank heist and pay some teenagers to orchestrate it.

>> No.156474

>>156215
If you don't know to include inflation in a retirement income calculation, then just give up now. Hopefully Walmart will still be hiring old fucks as greeters when you get to retirement age.