/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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Hello from your new neighbors at >>>/comfy/ . Pleased to meet you, /finance/ .  :)

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This fucker cost me a billion dollars. I could have bought bitcoin 12 years ago instead i listened to this scheming jew to buy shiny protons. Gold is fucking shit and supressed to fuck. Fuck all gold and silver meme faggots
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I buy metals precisely because they're suppressed (particularly silver). But I stopped buying after the war started last month and prices jumped. Gonna have to wait until the next cheapies to buy moar.
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The western and eastern metal markets have decoupled. Shanghai now sets the prices, and the west has to follow reluctantly, or their gold and silver will be sold to the chinese (arbitrage opportunity).

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Let me tell you from the start. I am with crypto since I was in class 7. And its been already 8-9 years, I haven't hold anything yet. But day by day, crypto become the most favourite things of mine.

I passed my J.S.C ( Junior School Certificate ), S.S.C ( Secondary School Certificate & H.S.C ( High School Certificate ) with a grade point (GPA) of 5.00 (A+). The journey was great. But problem start when my father died after the time of S.S.C. After the H.S.C I learned about graphics design, and started freelancing to earn money. But at this point in my life not being able to get any orders. I try telegram marketplaces, facebook and linkdin also to search for clients. Though I got some orders but now its being so difficult for me. I searched for part time job then. I also got one, anyhow, it was going. But its been 3 months I lost my job. I am in 3rd year right now. Just one more year left to complete my graduation.

I don't know what to say or how to say as I am really ashamed of it. I need almost $2k in this semester but for me its being really impossible to manage this amount. I really doesn't had any option left without post on the board. At least please an anon response to me. I strictly hate begging but, I don't know will you help me or not. But if you could help that would helps me to complete my graduation.

My mother always wanted me to see as a police officer but without completing the graduation its impossible for me.

Its not like that I don't earn well or beg from people, its not like that. But this time, I am empty. Sometimes life is kind of hard to struggle, that time we need a helping hand very badly.

I really don't want to lose my educational career. Badly want to complete my graduation. Please consider a bit, your little bit consider will save my entire education career.

If needed i can also send you my face record video evidence or also my live location or even any documents like my government issued identity card so that you don't think I am lying for free money. Anyway you may help me out Anon?

> If someone can help me out, send me an email to anon33001@gmail.com
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What does anon think about cryptocurrencies?
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$WYNN is making me a fortune rn, pumped up to 80M marketcap, now dipped to 60M. I genuinely think this may be the $PEPE of the SOL chain
Halving soon. Can you feel the tension in the air?
In other news, monero is being delisted from binance.
I don't really know anything about crypto (I only buy silver & gold coins) but this might be of interest to americans:
From what I've read previously, the american FedNow infrastructure has already been going through stress testing since last year.
CBDCs are game over.
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Kim Dotcom knows what's up.
I already asked myself some questions about wtf is going on back in 2015, when the mass immigration started into Europe. I came to that conclusion (the goal is to destabilize the society) but I couldn't understand WHY. Now finally in the past few years, after watching Catherine Austin Fitts interview on planetlockdownfilm.com, I finally got it, when she explained that the dollar system is finished and they've known that for a  long time already. Her videos are worth watching if you haven't seen them yet.
What I'm doing (to answer Dotcom's question): I've been trading all fiat in my investment and bank accounts into physical silver & gold coins, plus  stacking a lot of canned food (I have over a year's worth). I know they'll to everything to push adpotion of the CBDC, but I'm betting that it will eventually fail. However, those who didn't manage to salvage their savings into some form of hard assets will be wiped out as a result of all the crashes, bank failures, currency devalutations, cyberattacks, and general chaos.

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Tommy Tuberville is selling.
A congressman on a LOT of congressional bodies. If you were to make trades like he did, the only person who's made more correct calls on stonks is Pelosi.
>Why does it matter?
Of his trades published last week, all but two of them were selling off mass amounts of stock. Those two buys were bets against the stocks. There was no rhyme or reason like a specific stock or industry, he's just mass-selling.
I am not a financial advisor.
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What are the financial implications of this?
Replies: >>333 >>334
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Crash is coming.
Replies: >>334
Either people getting ready to dump their money into another country (unlikely given the state of most of the turd world countries right now), or they're selling stocks in order to buy tangible assets while taking the financial hit for doing so. E.G. >>333

If you have debts I suggest making minimum payments on them and saving your money in physical cash so when a banking crisis hits you can offer to pay a premium (hard cash payout of a fraction of your debt) to have your debts expunged from the records since creditors will jump on even $2k payout for your $20k debt when they have no money. If you don't have debts, I suggest pulling out physical cash so that you can offer to buy essentials during the interim between banking collapse and economic collapse. Your plastic may or may not work, and offering hard cash will get you a discount to stock up on goods when nobody can purchase.
Either way the cash is just an intermediary between start of the collapse and full collapse. Depending on what happens it might not be so bad, but chances are it's gonna be bad.
>The fed needs lower interest rates to encourage investing
>Fed is avoiding cutting interest rates because it will hurt big bidness
Ahahahahahahaha... Hah...
Kill me.
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These guys are selling too!

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Think of this thread as a trashcan that might or might not contain something useful.
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Silver market is very volatile, so use that to your advantage. Buy only when prices are low. Currenly the bid/ask prices are $23.52/$23.62 and that's not low enough for me to consider buying (the last time I bought was in August). You can examine the historical price graphs (for example, on kitco.com) of this year and last year to see where the dips were and get a general idea of price fluctuations. I also bought the dip in March of this year, and last fall.
If you're buying from online dealers, you can sometimes get free shipping if you buy above a certain amount (varies between dealers).
Look for deals and specials too. They sometimes have sales. Like for example, one dealer I buy from put their 2023 somalian elephant coins on sale not long ago, because they were trying to move the old stock (to replace them with new 2024 coins). I've seen another dealer do something similar with krugerrands last November. Anyway there's often some kind of deal or sale, if you search around enough. And if you can find such deals when silver spot prices are low, then you'll do well.
List of notable dealers here (make sure to compare prices):
The WEF wants to take away your coffee.
Smug is down. Trash is up, but possibly without files. What is everyone up to?
I was thinking about silver but then having a look is giving me strange kinda vibes. The market rate says 18 an oz but then I see people willing to pay +25 an oz for it, so that it looks as though either the market rate is being manipulated or there are numismatic premiums and taxes that are bumping the willingness of these collectors up.

Then I see Britannic dud silver, the kind that was 0.500 grade for historic reasons because of the war time shortages and things and I see some for very cheap. I wonder then can't I just buy the quite debased alloy and treat it as half it's marked weight? Is it too easy to buy fake ones if the alloy contains that much temper in it? Should I overlook historic coins because they are hard to trade in?

I will ask a gold and silver merchant at some point but the eternal anglo in me makes me want to take bits of our history and start a collection for it.
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Yes, the silver market is very manipulated. There are hundreds of paper contracts being traded for every troy ounce of silver that actually exists in COMEX. The prices of physical silver will remain low (and thus a bargain) so long as they can keep up this game, which relies mainly on their ability to print unlimited amounts of fiat currency Federal Reserve notes. We're reaching the end stages of this game, since other  countries (BRICS) have already abandonned the petrodollar and are trading oil in other currencies.
But besides that, there are also taxes on physical silver in many countries. England is particularly bad about this, to the point where a lot of people just buy gold instead. In the US and EU it's not nearly as bad.
Numismatic fakes are something to watch out for, but it's pretty easy to test them with just a magnet, calipers, and precision scale. That's enough to tell silver coins from other metals. More advanced fakes that are actually made with 90% silver alloy probably exist for high-value numismatics like Morgan dollars with key dates, but you don't have to care about that if you're simply buying coins for their silver content.
However, 50% is pretty low-grade silver, and you shouldn't buy those unless you're getting them for a very low price (well below spot). If you're actually paying close to spot price or higher, don't settle for less than 80% silver. The lower grades are harder to re
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Talk about your financial journey: where your interest in finances began, how you've been learning, what milestones you've conquered.
Replies: >>317
>>313 (OP) 
I am currently studying a securities/funds online course so I can get a job with a bank.
As an autist, I am better with numbers than witb people.

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How much money do you need to retire?  What portfolio should that retirement fund consist of.

Is it actually even possible to retire anymore, given how shitty the future is likely going to be?
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>>301 (OP) 
The answer is that it depends. 
>where you retire
>expenses expected through the year 
>what age you will retire
>if there's any socialist programs to pad out income in retirement 
>if you need to support 3DPD or family
As for investments, what you need also depends. What you want your money invested in to build a retirement fund is (generally) different than what you want to be invested in when you are living off of it. The further away from retirement, if you have steady income, the riskier you can be.
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>where you retire
Spic heritage living inna woods (i.e. "rural area") in the U.S. atm.  Currently have a house out in the middle of nowhere, but if financially viable, will relocate.
>expenses expected through the year 
Statistically speaking, I know at some point I'm going to take a huge monetary hit from having cancer.  I'm fine atm, I just know that statistically pretty much everyone eventually gets it.
Play games, p. much.
>what age you will retire
I like the idea of FIRE, but...
>if there's any socialist programs to pad out income in retirement 
I don't trust that this is going to be around when I retire, or if I do, I'm convinced the coffers are going to be so broke and raided or inflated away as to be useless.
>if you need to support 3DPD or family
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I suggest you read The Great Taking before thinking of investing in stonks and other related securities. At this point, if you don't physically hold it, you don't own it.
Define retirement. If you mean live comfortably on your stocks/bonds it's not possible unless you are preparing to retire in the next 10 years if you live in a first-world country. If you mean "only have to do housework like gardening and side-hustles" then it's less about money and more about revenues. 

Any retirement plan based on stored money instead of on assets is going to end in failure.

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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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Replies: >>229 + 1 earlier
My very basic layman understanding is the Japanese government started printing money with the explicit purpose of directly investing it in the stock market. This created a simultaneous situation of mass inflation and businesses gaining huge amounts of capital to do with as they pleased. So they started spending money like it was going out of style (it basically was, due to the inflation).  BUT, the important caveat is that because this cash was going to industries that were exporting Japanese goods, the yen started to GAIN value on the international markets because everyone wanted yen so they could buy cheap quality Japanese goods. 
The reason it all collapsed is because currency exchanges caught on to what the Japanese government was doing and stopped wanting to buy the yen, and because the domestic speculative investments primarily in real estate started outpacing the amount of actual money people and businesses had on hand to actually pay for things. 

The reason it still hasn’t recovered is both social and economic. Economic because the government is still trying to pay off the massive debt they incurred from the speculative investments, and social because it soured a lot of Japanese on investment so now they grub their shekels like their life depends on it meaning it’s very hard to get seed capital in the country.
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I'm more familiar with this theory: >>86 But what you write might be true, the problem is that I only really followed it until the crash, and as far as I know it's not that the government prints cash directly, instead the central bank (remember, it's supposed to be a totally independent institution from the government, even though I highly doubt that this is actually true in any country, but I digress) just outright buys stocks on the stock market with money they print for this one purpose. They also keep interest low in order to encourage people to spend, because it means that loans are cheap but keeping your money in bonds and deposits will not give them enough profit to outpace inflation, so they too should buy stocks and property and consumer goods and whatnot. But as you wrote it just doesn't work, and (regardless of the actual reasons) the real problem is that they have been doing it for around 3 decades without even considering any alternatives, because the textbooks say that this is what they are supposed to do.
>>85 (OP) 
>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.
Japan is a country where a junior (in any aspect) must never advise or talk back to a senior, the majority of the population is computer illiterate, copyright fraud is rampant, taxation of private transportation is out the ass, but the majority of public transportation is privately owned. All of this results in a culture where even if your boss is going to bankrupt the company it's job loss to tell him that, legal slander to whistleblow, and there's so much red tape (both governmental and social) that starting a competing firm isn't possible since you will be blacklisted by your job's current clients if it gets off the ground.

>Why not move to the countryside?
It's inconvenient. Cars are seen as a luxury product in Japan, so you have to pay roughly a quarter of the car's price in taxes every year to keep it unless it's a farm vehicle or company vehicle that can be written off on taxes, and if you DO have a train or bus station, it's both an arm and a leg for tickets and you probably only have like two chances to catch a train/bus back home where it's still a 45 minute walk home. Sure you could bike to the city but that's lik
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Replies: >>300
Different problems, and Japan addressed it "well" today relative to their economy. For Americans the housing bubble is more from zoning laws and construction laws preventing expansion in areas where suburban neighborhoods want to be built cheaply. Construction unions also play a role in keeping out DIY as does renting culture of generational housing. For China it's the fact that the housing market is synonymous with the stock market because it's the only legal investment there  and you need 2-3+ houses to get a bitch.

Japan in contrast incentivizes rebuilding homes every 20-40 years instead of generational houses which in turn makes construction affordable, and their building code is basically the bare minimum to not cause an accident where a bunch of people die when it comes to DIY. This means that in many cases resource companies speak directly to clients instead of construction companies and lawyers.
So THAT'S why there's such a huge push to get rid of everyone's cars in the U.S..

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Refute this, you can't...
What's there to refute? The only question left is if I'll make out like a bandit or go broke.
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What are any of those numbers even going to mean when they switch to a CBDC? They're currently setting up the infrastructure for it.
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Those numbers don't show instability in the dollar value, anon. They show instability in workers. Nobody's working any more.
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>it’s a bubble!
Deutsche bank says next year should be a soft landing. Be ready to get your portfolios btfo.

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