/sci/ - Science & Math

Gold

Hire a mod to b& ops who make thread like this on /sci/.

>>3363941
Honestly, beeswax is a better purchase than gold right now. rofl!

>>3363937
LOL YOU IDIOT!

Don't ever buy a commodity at the inflated price. omfg.

Split between stocks and a mutual fund. I don't need the money right now.

>>3363941

who said he wasnt going to do one of those "WE BUY GOLD" fly by night deals that pay crackheads $100 for stolen jewelry?

its something ive also considered but idk what type of oversight is in that industry if any

A broad market index fund with a low expense ratio.

Boglehead reporting in.

buy RENMINBI

wait 5 years

1000% profit

pay off debt. so I can save instead of repay at bad interest.

>>3363958
>idk what type of oversight is in that industry if any

Considering that some nigger here was selling bronze plaques from the cemetery to recyclers across town, I'd say little.

candy. tastes good.

>>3363972
this is the wisest option. stop all extraneous spending.

>>3363933
>hire a volunteer to banned posters who make string like this on /sci/

>>3363985
There are some circumstances in which it's actually useful. I have an offset mortgage from when they were a good idea that I have everything except £1000 against. I'm paying £30 interest a year and I have £80,000 at my disposal whenever I need it.

>>3363927
Ask the same question to someone you trust and that knows what he is talking about. You don't want to take investment advice from random people.

Put it in a bank. Investment always carries a risk, and I don't deal in risky stuff.

Buy the books I can't find available to download or buy some hardware. Got no wish to be rich, I'd rather spend it on knowledge/engineering fun.

My a new pc for my uni work.

Take driving lessons and buy a cheap car.

Buy purified water for the chakras and chakra salts to enhance your psychic abilities

>>3364184
why did I laugh at this

oil. sell before crash. oil. sell before crash. oil. sell before crash. gold.

world economy: fucked.
me: king of england.

I'm in first year of engineering school , and I'm really interested in mathematical finance , probablities and statistics , can you recommend any books ? courses ? video lectures ? or even documentary films on the subject ... thanks

$5000 worth of bismuth

>>3364251

>>3363941
>>3363944
seconded.

I think it's a good time to buy real estate, REIT's are a good investment. Many good stocks are still cheap. I own some oil futures, but I'm not sure now is the best time to buy.

Half into a decent deal that some bank can give me.

A quarter into a few stocks that look safe.

Five hundred into bitcoins. After six months, sell enough to get the five hundred back, or all of them if the market already collapsed. If they seem to going up, leave the rest in for another six months, and see how it goes. It's almost certainly a pyramid scheme artfully obfuscated, and definitely a bubble either way, but careful investing could pay off. Best case? In a year you get back ten times what you put in. Worst case? You lose everything. Likely outcome? Outperforms markets.

Five hundred into freelance pharmaceutics. What? Fuck the police, man.

Two-fifty on cigars and whiskey for a couple weeks of low intensity partying.

nothing.

5 grand is what I earn every three days whether I do anything or not. It won't buy me a vacation with my family, but it'll keep me in steak and lobster and whiskey and cigarettes for the month. there's no reason I can think of to invest such a small sum, it's better spent on inane luxuries.

>>3364357
>implying you earn over half a million dollars a year
Pics or you're going by a non-average three days, in which case I can say I earn £1,516,000 every week.

>>3364366
I've posted pics before, people claimed I found the documents in the trash. however whatever.

here's one of my monthly paychecks, ask if you want to see more. haven't got this one yet for may, but I think I copied the previous months back to the first of the year.

most of my pay comes in via direct deposit, and I'm not likely to post my bank statement here.

>>3364403
Can I have some for three consecutive months?

>>3364421
I just got one in the mail, give me a second to scan... it's a couple grand smaller.

then I'll post prior months.

>>3364403

What do you do?

is it that hard to believe someone earns 500k/year?

>>3364449
hard to believe that they post on /sci/.

>>3364458
We've seen CERN scientists on /sci/ and 4chan isn't exactly obscure.

>>3364436

>>3364468
We've also seen /sci/ on CERN monitors, I can't find the picture though :/
4chan, even /sci/, is widely regarded as the most double plus ungood science board there is.

>>3364478
Yeah that was on the stream. Anyway, 4chan gets tons and tons of visitors. Many of us are in college or graduated. Do you really think that none of us will land a solid job? I mean come on, when I finish medicine and my bro finishes pharma in a few years we won't suddenly stop going to sci..

90% in a spread of selected stocks in companies that are profitable and are likely to keep growing at a steady rate. 10% in high-risk stocks in for instnace mineral prospecting. Most important is that you make the decision yourself and don't blindly buy into the hype.

>>3364475
as you can see the amt varies on this job, but this is only one of the jobs I do. One of the bigger ones, but by itself not much. I expect to make ~1/4 million off this work alone though, as you can see the amounts are increasing.

>>3364490
So what kind of job is it? Research position, thinktank?

>>3364482
I have yet to come across a science job that pays over half a million a year. The wealthiest I know are oil prospectors/petroleum engineers on contract who only make half that.
>>3364490
methinks you were exaggerating, given these are once every two months, but still you're earning a lot. I'm guessing you're in mining/oil?

>>3364505
yes, mining. and yes, I am a contractor.

>>3364440
I work in an applied science field.

>>3364490
What do you do?

>>3364505
Neurosurgery is an academic field with lots of science involved and good ones can make upwards to 500k

>>3364512
Good neurosurgeons wouldn't stay here through EK spam, lol.
>>3364509
I take back what I said about doubting you. Good show, sir.
so what are you mining for?

>>3364505
I don't scan every check I get. I often forget that my /sci/ friends want their documents. believe what you like though, it doesn't matter really, does it?

>>3364509
What did you study in school and what do you usually do during your contracting positions? Is it a difficult field to break into?

>>3364516
I can't say what we're mining, because it would immediately identify me.

>>3364516
I don't know any neurosurgeons but one of my professors is a lungsurgeon and I think he's on /sci/, he makes the types of jokes you'd find here
when he ranted about engineers I thought about it. Sure it's not certain but hey.

>>3364527
geology.

I churn out reports.

>>3364529
It's not oil, gold, coal or gypsum then :/
Thorium?

>>3364529
You're actually an engineer and 'mining for coal'?

>>3364527
it's easy enough to get into. I've given a lot of advice here before, but your best bet is to work a year or two in the field as an employee and spend a lot of time talking to the contractors you work with.

my pay is not average. I'm quite good at what I do.

>>3364458
There are a couple of hedge fund and proprietary trader guys that hang around /sci/, they probably make at least that.

>>3364540
I work in gold some, just not on the job I posted checks from.

I also work in copper, silver, moly, whatever. I just can't discuss that particular job in detail. But what I do is for mining in general, not any specific mine.

>>3364543
I was not aware of this. Now I feel poor for only having two homes.
>>3364546
ah, awesome. Are you specialised in finding stuff or telling people what to do?

>>3364557
telling people what to do.

most of what we want around here has already been found and mapped out decades ago.

>>3364567
Sounds like a good job.

If you don't mind me asking, how high up do you normally work? are you in charge of entire mines, or specific shafts (or however mines are sectioned)?
How much of the year do you work and do you have a family/partner?

>>3364579
I don't have any authority at any mine, I'm a hired advisor.

I work 10 hours a week on average, though in reality I'll work like 80 hours for a couple weeks straight to get a job done and then take a couple weeks to a month off. I could make more money working full time but I don't need to.

I have a wife and kids. I hang out here and a couple other boards when I'm not traveling, working or playing. I'm too old to be here, but 4chan is entertaining and /sci/ is occasionally brilliant.

>>3364618
>occasionally brilliant
Sorry it isn't at the moment :/
Your life sounds excellent, and I'm taken back by the fact there are actually successful people here. It's nice to know you can have a good job and still have a family, too.

>>3364632
a good job is one you don't have to do very often, doesn't matter what it pays beyond a certain point.

family is always more important than work.

>investing $5000
>expecting massive return
>better off spending it

>>3364707
5K into gold in 2006 would give you a return of about 36,000 now.

>>3364689
5k put into silver 15 years ago would now be something like 30k... though I doubt that'll happen again any time soon.

>>3364713
yep, the dollar went to crap, huh?

>>3363927
High dividend yielding equities that perform well during gloom and doom economies, i.e. holdings. There are a few safe choices above the 10% mark atm. Good shit.

>>3364733
Convert to GPB first, then :D

/o/ here i'd put it into my car

otherwise a computerized dobsonian telescope; Schmidt-Cassegrains are for hipsters

>>3364713
>>3364707
If you put 5k into sirius satellite radio stocks during the financial crisis in 2009, you would have >50k now, ie 45k richer

>>3364243
http://www.amazon.com/Quantitative-Risk-Management-Techniques-Princeton/dp/0691122555

But a little warning, since you're only a first year engineering student, I suggest you take a lot of probability and statistics. This book assumes you're familiar with graduate level probability.

>>3364468
>We've seen CERN scientists on /sci/ and 4chan isn't exactly obscure.

coolest thing I ever saw on /sci/ was a researcher breaking a press embargo for a qna on a major paper that made headlines a week later. sometimes this place rocks.

>>3365590
Dear god, what is this.
Seriously, do you have screencaps? that's huge.

>>3364243

"Paul Wilmott Introduces Quantitative Finance" is a nice introduction to the subject.

It's not heavy on the math, an engineering student should handle it with no problem.

INTO SCIENCE!!!

So, so far /sci/ has had multiple CERN employees here, a researcher for a major paper which was in the news a few weeks later. Hampture Mk I & II soon to be III (floating in the sky)
Apart from that, we have some intelligent discussion and thousands of troll threads inbetween.

invest on the drug in Limitless

>>3367835
Hampture Mk. III is another underwater, the spacehams project it the airbourne one.
We've also had some astoundingly good scifi written by posters, and a fuckhueg number of useful links.

ITT: /sci/ patriotism

>feelwithit.jpg

I do have $5000 to do whatever I want with, and I just leave it in my bank account. I don't want anything I can buy.

Bud. Becuase I like bud.

You can't do shit with $5K as far as investing.

About the only thing you could do is either get yourself a couple of pretty stable mutual funds