/finance/ - Finance

Nobody on here is a financial advisor


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Welcome to /finance/, a board dedicated to all subjects financial and economical, both theoretical and practical! 

The rules:
>0. Take it easy!
Not exactly a rule that can be enforced, but it should be included somewhere.
>1. Obey the global rules!
They exist for our common well-being. 
>2. Don't be a nigger!
That is, try to put some effort into your posts, use proper grammar and spelling, and articulate some actual thoughts. This place is not a chatroom.
>3. Stay on topic!
By staying on topic I mean staying on the topic of the board. Discussions naturally wander all over the place, therefore it is perfectly fine to start a thread about taxation and then discuss government bonds, as both of those topics are quite financial in nature. But if you want share your essay about why Atlas Fugged is the best book ever, then you should use the designated offtopic thread; otherwise don't be surprised if your post gets moved there.
>4. Use the catalogue!
Don't be afraid to start a new thread (as long as it has to do something with the topics of the board), but at least look through the catalogue to see if there is already one that covers whatever you want to post about. There is no point in every anon starting his own ˝How do I stop being a poorfag?˝ thread when one mega-thread would serve all of us better. As such, if you make a new thread that brings nothing new to the table, then it might be moved to the appropriate already existing thread.
>5. No spamming!
Should be quite obvious, but I also consider advertising events and imageboards to be a form of spam. For the latter you are free to use the designated offtopic thread. 
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For the time being I have moved those schizo-tier posts to the poorfag thread, but if the posting does not improve I will resort to deleting those posts. Rule Nº 2 is not to be taken lightly.

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A thread for all stock market/forex/other security exchanges related discussion. Feel free to post suggestions, intriguing articles/findings, unfounded market predictions, gains/losses, or just shitpost on each others' portfolios to your hearts' content. Don't worry about being a beginner at trading and posting since I have yet to even create my first brokerage account. We can learn together.

Potentially Useful Resources That I've nicked from /smg/, pls no bulli
<Risk management: 
https://pastebin.com/sqJUcbjp

<Educational sites: 
https://www.investopedia.com/
https://www.khanacademy.org/economics-finance-domain

<Live Bloomberg stream: 
https://www.livenewsnow.com/american/bloomberg-television-business.html

<Brokers: 
https://pastebin.com/F1yujtVq
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The company I'm working for published a stellar quarterly record, and now the price of its stock skyrocketed! In practice it means the 25 stock I bough around 6 months ago are now worth around as much as I bough them for. Still, that's not enough to break equal because I'd have to pay some taxes if I sold them. I also want to hold them long term, so it's not that news worthy, but it's good to see that at this rate I won't have any unrealized losses by the end of the year.

Except if we factor in inflation. Then I'm fucked no matter what.
>>204
>The principal activity of Stellantis is the design, development, manufacture and sale of automobiles bearing its 16 brands of Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram and Vauxhall.
Dang, I had no idea so many car brands were under the same company.
Replies: >>208
>>207
Car manufacturing is a joke, there are only a very few big players, and all of them own hosts of companies that all do their own things, except when they work together and either use parts manufactured by an other member of the group, or manufacture the exact same car with a different brand name. I  hope electric cars will develop like PCs, and you will be able to buy all the components separately and put them together on your own, if that's what your thing.
Some kind of mass sell off has begun on natural gas futures for Americans. It's not really a mass sell off as much as people getting antsy about high prices when Freeport is coming back online, gas reserves are full, and predictions of a warmer than usual winter. Last time this happened all it took was some cold air to pass through the US northeast and prices reversed. Maybe history will repeat or maybe I will lose a few dollars.

Question to all of you. Do you use automatic buying/selling (limit sell and limit buy) to help automate your trading when away from the internet? It seems like a good idea to let a machine follow your trading instructions instead of having to check prices daily/hourly/etc.
Replies: >>210
>>209
I'm not trading enough to do that, but if I was serious about it I'd set limits for securities where I am pretty sure what I want from them, and still use manual trading for some more risky business just to keep myself on the edge. In other words, I imagine that automating transactions related to a market you have no idea about could bite you in the ass, but once you know the inns-and-outs I don't see why not.

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AKA Stock trading for the crippling gambling addict.
>wat
Short-term securities speculation is how those fags on WSB multiply their wealth tenfold in a matter of days and destroy it all in a matter of minutes.
Instead of putting money little by little in long term investments with strong fundamentals and slow but reliable upwards growth, you and I here are going to blow money on highly leveraged trades guaranteed to explode in your face when you're not looking
>will this make me rich
No, you'll probably lose all your money.
>how
The main tool of the retail trading speculator is taking advantage of leverage through option contracts to make the most out of exploiting inefficiencies in the market. Small changes in an underlying stock can result in huge swings in the value of an options contract. You can read more about option contract here:
<  https://www.fidelity.com/learning-center/investment-products/options/options-learning-path
Or just watch Benjamin on YT, he's a WSBfag shitposter but he knows what he's talking about.

With the Fed's rising interest rates, the pound dropping like a sack of bricks in Brit market, rising energy prices in Euro
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I remember one of the Hayate movies had the idiot character involved in a highly leverage trade that lost her millions. I think she paid off the debt with an equally leveraged trade. Anyways, every dip is an opportunity for success and failure at the same time.
I'm thinking of buying out-of-the-money calls on VIXY, please talk me out of it, anon.
>is trading at only $17 despite market uncertainty
>historically has reached highs as far as $160 during similar bear markets (e.g. 2018)
>big number makes my penis feel big
There's also UVXY, which is a 1.5x leveraged version of VIXY, going for only $13.
Something about this feels stupid, IV is already at levels higher than they were during that 2018 crash, surely this can't work, and I hope some smart 'non can tell me why. **I'm still going to do it anyways.
>fucked up spoiler
Looking closer at .VIX and VIXY I'm even more confused. The .VIX was at 19.85 in early 2018, back when VIXY spiked to $160, but the .VIX is at 31.75, and VIXY is still trading low, even relative to other periods of high .VIX this same year. I'd wager it probably has to do with VIXY trading futures on .VIX rather than the .VIX directly, but why isn't have no idea why or what I'm doing.
Still, if understanding is right, these calls are dramatically underpriced, I'm looking at an [$18 10/28 Call] on UVXY that only needs a (by historical standards) small spike to start printing money, and it's only going for $75. I'm probably misunderstanding or ignoring something obvious that'll bite my ass later, but fuck, man, it beats buying scratch tickets.
Maybe predicting the timing of the catalyst for a .VIX spike is the biggest factor keeping prices on these options low? Again I'm hoping someone smarter than me on options is here and can call me out as a retard.
Replies: >>198
Christ I shouldn't write long posts at midnight, I wrote that like a ESL retard.
>>190
I'm not knowledgable at all about this but its interesting to read about. Good luck.

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A thread where we can discuss all kind of monetary shenanigans, from the Latin Monetary Union to the Bretton Woods system and the €uro.
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Turkey and Russia are about to make some deals where the Turks pay in Roubles.
The britbongs did a Margaret Thatcher and the pound dropped again.
Replies: >>185
>>182
What did they do exactly? I know that they are in the process of replacing all the paper banknotes with polymer ones, and then soon they will replace those with the ones that have the head of the new honcho, but I assume you are not speaking about either of these.
Replies: >>186
>>185
The Truss Admin. cut taxes on the wealthy in the middle of record high inflation, leading to even more inflation as spending increased, citing what basically amounts to "it'll trickle down". I don't know anything about britbong politics, but even her own party seems to hate the idea
Replies: >>187
>>186
So that's what's up. I've seen headlines criticizing "tax cuts" to the point that the IMF is publicly telling them it's a terrible idea, but I had no idea what had gotten everyone so worked up about it, given that I thought I'd also seen a bunch of other countries cut taxes without any fuss as a way to ease cost of living.
But now I read that these particular tax cuts come in the form of eliminating the highest income tax bracket and removing a cap on bonuses for bankers.

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What is known:
>At least $10k student loans and $20k pell grants (possibly combined total of $30k) will be "forgiven" for anyone making $125k or less or $250k or less while married
>An application will be required for those who aren't registered in the IRS' database (file taxes regularly)
>Nothing for those who got through college responsibly or paid off their loans responsibly during the pandemic
>This is clearly a midterm elections bribe
>Doesn't apply to private loans
>This will eliminate roughly $1.35 trillion in loans owed to the government
>Or roughly $103 billion in funding every year
>Biden Admin just expanded the IRS by 80k agents
>Housing prices are skyrocketing now that people will be able to afford a mortgage
Obviously this is gonna fuck over the economy Great Depression style to anyone with an inkling of intuition about how inflation works, but can an anon with more experience explain the processes better for those who have an intuitive/Austrian understanding of economics?
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>>157
The hardest thing based on your description is going to be getting the first job, since that's pretty much the only time your grades (GPA) have any influence on hiring (you don't need to put it on a resume, but a 3.5 or higher will look good). If you're still in school, finding a summer internship is the best bet, and then going around any job fairs (some universities have a career center where you can book practice interviews, have someone review your resume and application letters, etc.).

From my understanding of programming (and if someone knows more, jump in here) is that it's not just enough to know it; you also need to start building a portfolio, throwing yourself at people, and perhaps picking up certificates. Some people can find coding boot camps and the like, but a lot of those are scams, and I have no idea how to vet the good vs. bad ones. Still, I've known a few people to come out ahead with them. Of course, just having the skills is still useful. And the same goes for just having a bachelor's degree - it gives you options. An old roommate of mine (philosophy major, for perspective here) started in some consulting job at around $52k, made a good impression on a coworker there, taught himself some code, and about a year later got invited by that guy to a new job at some tech start-up for $90k.

If you do decide to go for a masters, and not brave the immediate job hunt in search of that job, 
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Replies: >>164
Bribery or not, the American student loan system is predatory and needs to be castrated. The economy is fucked regardless and the absurdly high taxes americans are expected to pay are more than enough to keep the government afloat.
Maybe if they spent less money on Israili gibs or literally burning it in the desert they wouldn't need to fuck over young adults and patients.
>>158
>is that it's not just enough to know it; you also need to start building a portfolio, throwing yourself at people, and perhaps picking up certificates
In my experience, this is incredibly true. I'm certain all of my jobs in embedded development was due to my portfolio of independent projects with only a helping hand of my degree to get in the door. My classes never taught me much of embedded design, pcb design or much practical programming. All of those things I had to learn on my own. My employees were impressed I could even hold a soldering iron since it's not really taught anywhere. My GPA was also a little rough. Learning seemingly unrelated skills also helps. I never knew that fumbling around with a personal website to learn the basics of HTML and CSS, or messing with an old computer to make a home server would help in embedded, but it does. Learning programming has been a great skill for me, and I highly recommend picking it up, even if it's just to automate something boring in your life, like organizing data, moving files around, or have something like Excel not suck so much.
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>>164
>My employees were impressed I could even hold a soldering iron
Lol, that's something even I can do, and I'm not doing embedded shit.
>>164
A soldering iron is a big hot pen. Its very obvious how to hold. But this is another example of the value of a skill being overlooked in HR. Is there even a way of putting such skills on your resume to get the actual hiring people (future bosses) to notice without getting mad at HR? Similarly when it comes to salary negotiations, HR does not give a shit about this and in my experience will attempt to undervalue you. The best thing I ever did was twist HRs arm to get more out of them and even then I still feel undervalued.

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Title says it all. I have about 10k in assets.
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Whats current rate of things. Like uh
Design services.
I'll give $100 if you fuck off forever
Replies: >>173
>>172
6 digit, loser.
Replies: >>174
>>173
suck my nuts
start drawing space marines and cool sentai rangers that are worth 6 digits you fucking retard
Replies: >>175
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>>174 you dont even know what s 6 digit space marine ya dum cunt not even hypothethically or theorethically

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Think of this thread as a trashcan that might or might not contain something useful.
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Wish I didn't put half of my savings into crypto. Oh well, I hope 5 years from now it's gonna get better or something.
Replies: >>142
>>141
Why did you not sell when it was high?
Replies: >>143
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>>142
Because I'm a retard who bought at near ATH.

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Some Russian banks have been booted out of SWIFT, and all of them were forced to switch to the chink Unionpay card system. Is this the beginning of the world of finance being split in two?
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>>71
It looks like the map only cares about USA and China, and China while still were a communist country, it was always an outlier, so I can imagine countries actually traded more with USA than China. Also note that the Chinese economy only really took off 20-30 years ago, while USA were mostly stable during this timeframe (image from kikepedia, so take it too with a grain of salt). An USA vs USSR in the 80s and USA vs China now comparison probably would make more sense.
But on the other hand, Romania is like the whitest country on the map, while they were the most (along with Yugoslavia) fuck Moscow, we're doing things our own way country in the bloc, so who knows.
Replies: >>73
>>72
>It looks like the map only cares about USA and China
I see, I guess ˝A map that shows if a given country traded more with the USA or the PRC in a given year˝ does not have the same ring to it. 
>An USA vs USSR in the 80s and USA vs China now comparison probably would make more sense.
It seems to be one of those things that are hard to cram on a map, even if you use a fancy interactive one, because to do it properly you would have to include a chart or list that shows all trade partners by percentage for every country, and that is overwhelming enough so that you really could not see the forest from the trees.
wire service he had used for years to pay vendors in Ukraine had suddenly stopped working.

He contacted AmEx for an explanation. A representative told him that the company had suspended service in the country. “I understand Russia, but why Ukraine?” Mr. Nayandin, who is based in Fairfax County, Va., said he told the AmEx rep.

Like many American companies, AmEx suspended operations in Russia and Belarus after Western governments bombarded the two countries with sanctions. But AmEx went a step further by shutting down a service in war-torn Ukraine that businesses use to make cross-border payments.

“In light of the war in Ukraine and the changing sanctions environment, which has made it difficult to provide a reliable customer experience, we have suspended a wire transfer service, FXIP, which is used by a small number of companies to make vendor payments to recipients in Ukraine,” an AmEx spokesperson said in a statement.

AmEx’s better-known card business remains fully functional in Ukraine, the spokesperson said.

Sprawling sanctions meant to cripple Russia’s financial system sometimes trip people and businesses out of their reach, even in Ukraine, the country they were meant to help.

Financial firms often take an overzealous approach to interpreting penalties due to the harsh penalties for violations. The potential extension of sanctions to new targets may also make companies cautious about who they do business with.

“From a business perspective, if the deal size is small, why take the risk? said Robert Clifton Burns, senior counsel at the law firm Crowell & Moring LLP.
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Replies: >>80
>>79
I cannot find anything about how this FXIP thing works from a technical perspective, but what makes international wire-transfers somehow complicated is that the national banking systems are not directly connected (hence SWIFT and everything else discussed ITT). The usual solution is that a bank opens an account at a foreign bank, and use that as an ˝access point˝ to the banking system of that country. I suspect AmEx also has at least one bank account in every country where it's available, in order to deal with card payments, and this system piggybacks on that. So instead of using the normal method of sending funds from a bank account in one country to a foreign bank account, they credit the sender's money on the AmEx bank account in the sender's country, and then the once receiving the funds gets them from the AmEx bank account in his country. 

In short, it really has nothing to do with the technological side of things, instead they simply decided that they won't use their Ukrainian bank account to send money to individuals and businesses.
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a.k.a How should the rest of the world avoid perpetual economic stagnation Japan is experiencing for 30 years

From what I heard from the local commoners' news sites, it seems that the rising costs of everything coupled with high pay cuts in form of taxes and state-run insurances made most of the population to become misers, halting many kinds of trades. 
Most of the workforce in big cities have to cash out 30% of their salary to pay the two above which leave them with very little (<$150) disposable income every month, and the costs could run higher if they took loans.

However I don't think that alone explains why Japan ended up with a staggering level of public debt, nor explains why people are refusing to settle in countrysides where living costs are cheaper.
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>>86
So the common point between US and Japan is that they've experienced economic crisis due to housing bubbles. But how do you even prevent that if house price normally go up in most market? 
Not even the Chinese government with its strong hold on domestic market was willing to let Evergrande and house prices fall by itself.
Replies: >>88
>>87
Those three are quite different beasts. In Japan they deliberately kept giving out cheap mortgages like candy, in order to artificially pump up the price, thus creating the bubble. After all, if all buyers can get cheap loans, then sellers can also demand more money for the same property. After a while prices got to the point where they became genuinely unaffordable, so nobody wanted to buy properties, simply because they could not afford it. And if nobody wants to buy something, then it worths less, and suddenly you had lots and lots of Japs saddled with mortgages for properties that are worth a lot less than when they took out those loans. 

In Shina, the same kind of bubble happened, except that this time it wasn't a deliberate attempt by the central bank to crash the economy with no survivors. As one strelok explained it, the average Chinaman is simply not allowed to buy stocks or bonds or land or anything like that, and the only way to invest his savings is to buy a flat. This means that every Chinaman wants to buy flats no matter what, and that leads to prices rising until not Chinaman can afford a house, and this created the same kind of bubble as the one in Nippon, just for different reasons.

What happened in the US was entirely different. There are certain financial instruments called mortgage-backed securities. The way they work is that banks pool together the monthly payments from lots of mortg
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Chinese property developers accept farm produce for homes
https://archive.ph/FNjPx
>Several Chinese property developers have said they would accept food as payment for homes in recent months, as they attempt to attract buyers. The companies advertised deals to let people use produce - including peaches, water melons and garlic - as down payments on new homes. However, some of these unusual offers have now reportedly been pulled. Home sales in China have fallen for 11 months in a row, while this week a major developer defaulted on its debts. 
>Last week, a property company in the eastern city of Wuxi said it would allow peaches be used to offset as much as 188,888 Chinese yuan ($28,218; £23,289) in down payments for homes.
>Another developer in nearby Nanjing said it would accept as much as 5,000kg of watermelon from farmers. It valued the produce at 100,000 Chinese yuan - several times what it would cost at local markets. However, the promotion that was meant to run until next Friday has been suspended, the state-run Global Times newspaper reported. "We were told to delete all promotional posters on the social media platforms," the paper quoted a representative of the company as saying, without giving further details.
>I
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China crushes mass protest by bank depositors demanding their life savings back
https://archive.ph/sRJPr
> Chinese authorities on Sunday violently dispersed a peaceful protest by hundreds of depositors, who sought in vain to demand their life savings back from banks that have run into a deepening cash crisis. Since April, four rural banks in China's central Henan province have frozen millions of dollars worth of deposits, threatening the livelihoods of hundreds of thousands of customers in an economy already battered by draconian Covid lockdowns. Anguished depositors have staged several demonstrations in the city of Zhengzhou, the provincial capital of Henan, over the past two months, but their demands have invariably fallen on deaf ears. 
>On Sunday, more than 1,000 depositors from across China gathered outside the Zhengzhou branch of the country's central bank, the People's Bank of China, to launch their largest protest yet, more than half a dozen protesters told CNN.  The demonstration is among the largest China has seen since the pandemic, with domestic travel limited by various Covid restrictions on movement. Last month, Zhengzhou authorities even resorted to tampering with the country's digital Covid health-code system to restrict the movements of depositors and thwart their planned 
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Replies: >>120
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>>116
>This being China, it could be anything from a tiny local problem to the sign of a coming economic collapse, so I'd rather not make any grand conclusions. 
My opinion is unchanged, but maybe I'm starting to err on the side of the latter possibility.
https://archive.ph/znBdc

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Maybe some of you have seen it. Elon tweeted yesterday and the tweet was quickly deleted. Looking at the nft pointed out by Elon, it doesn't look very institutional (pridecatsnft).  Actually the price is very cheap. I have only one question in mind. Was it an accident or an alpha leak?  What are you thinking?
Replies: >>105
>>101 (OP) 
I think he wanted to shitpost like usual, but then he (or some sort of assistant or manager or whatever) thought that this might somehow or an other get him into trouble. Musk is a good investor, and by that I mean he is good at convincing others to throw money at various things, but he also seems to be a shitposter at heart. It's best to just ignore him, except if you really do have too much money.
Replies: >>108 >>109
>>105
>Musk is a good investor
Musk is a good conman.
Replies: >>109
>>105
>Musk is a good investor, and by that I mean he is good at convincing others to throw money at various things,
>>108
>Musk is a good conman.
Conmen are good investors, exactly because they are good conmen. The world is such a horrible place in no small part because we have too many people who only want to see numbers go up, and they will throw money at anything that promises a good enough return of investment.

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