GENERAL ADVICE - Investing is a lot like gambling. Never invest money that you can't afford to lose. - Bookmark Investopedia and look up every financial term you read that you don't understand. It will make you smarter and more robust https://www.investopedia(Please use archive.today)/ - Stick with stocks (equities) until you're more experienced. There's lots of other investment vehicles (bonds, GICs, forex) but keep things simple to start. - Options trading and shorting stocks is a great way to fuck yourself over if you have no idea what you're doing. Stick with "buy and hold" or the "buy low sell high" approach for now. - Avoid FOMO (fear of missing out). Other opportunities will come. Act rationally and without emotion, you're not a woman. Look at all the available information, then make good decisions. HOT OPINIONS - If you want to just park money, buy into an ETF (exchange-traded fund) or index fund like SPY (SPDR S&P 500 ETF). An ETF tracks the performance of a collection of equities without actually owning the stock (eg you get no voting/ownership rights ... not sure about dividends), but is safer and more diversified than hand-picking stocks. An index fund tracks a stock ticker index like the S&P500, so as the tide rises, it lifts all boats (including yours) - I would advice against using Robinhood. It is easy to get into, but that is also its flaw - it lacks many features a more robust brokerage has. For example, in the 2 years they were caught using plaintext passwords due to a hack, and they failed to disclose the exchange routing information - they claim to have no transaction fees, but users were actually paying a higher price because of nondisclosure of exchange routing, with them pocketing the difference.

>>7492 Wasn't there a couple of books that you recommended reading as well?

>>7552 Not sure, another anon posted those and shilled this thread. I'm just posting what I know from the ~7 months of trading and self education I picked up. I only have about $5,000 invested and managed to have some successful trades, though I've been waiting several months for one bad one to even out so I can trade actively again. That's another thing, don't panic sell. I jumped in after a rally at 6$ and it immediately folded to $3, and Ive been sitting on my hands ever since. The particular stock (CIDM) hit as low as $0.50, but I put more money into it as it went down, allowing me to buy more shares and reduce average cost down to $1.55. Now, it's almost broke even, but since I didn't lose my head, I was able to navigate through it. Arguably I could have panic sold at 3$ and rebought it all at $0.50, but if I could have predicted that, I wouldve been much richer

ht tps://boards.4channel(Please use archive.today)/biz/thread/26785206 ht tps://boards.4channel(Please use archive.today)/biz/thread/26790621 . BUY PSLV... also I think /b/ is a better place for this thread.

>>232 It is all just jewish gambling. I will fight to destroy it completely. Not to be a part of it. >muh enjoy being poor Guns take the lives of the rich as well. Money won't protect any of you from someone pissed off at the whole system like me.

>>232 Read Deep Value and Acquirer's Multiple, both by Carlisle. It's a value strategy for the modern age, and while contrarian is relatively safe as long as you actually follow your own system for a number of years. I'd post pdfs if I had them.

>>7561 >guns take the rich as well The rich live in gated communities with private security and never go to violent areas. Are you stupid?

Saw one Anon recommending these books in regards to investing, so figured that I'd drop them here: <The Little Book of Common Sense Investing: John C. Bogle <The Essays of Warren Buffett: Warren E. Buffett, Lawrence A. Cunningham >Macroeconomics Principles, Problems, and Policies: McGraw-Hill Companies (MOBI is baiscally another epub format): https://anonfiles(Please use archive.today)/17D84fEdpa/Macroeconomics_principles_problems_and_policies_by_McGraw-Hill_Companies.Brue_Stanley_L.Flynn_Sean_MasakiMcConnell_Campbell_R_z-lib(Please use archive.today)_mobi

Do we have a /biz/ board? Or is there one on the webring? I'm taking investing a bit more seriously now.

>>7676 PLW has a /biz/ thread on /animu/ and not sure what is more active aside from cuckchan. There is /biz/ here and also /cash/ but pretty barren.

Questions about investing in currencies: Given the recent events happening with the stock market, I was wondering about the viability in investing in currencies outside of the U.S. dollar. First of all, I know abut cryptocurrencies, but I'm cautious about which ones to invest in because doge is nothing more that a literal meme, and I don't believe in Bitcoin because I see it as a speculators currency that is going to crash (hard) much to "everyone's surprise". Now I remember that there were a couple of legitimate cryptos that people were recommending, but I forget the name of them, so I was wondering if anyone remembers which of the crpytocurrencies people were recommending as being actually sustainable. Second question is in regards to foreign currencies. I may do some independent research on this myself, but I was wonder if people know about some foreign currencies that are worth investing in because of the country having a sustainable economy.

>>7677 >/animu/ biz thread It's autistic to have such a rampantly off-topic thread and it only exists because there's no active dedicated /biz/ board on the webring. >/biz/ is loli feet pics Total shame, frankly. >/cash/ exists I have little to contribute, but would be willing to post there if there's some activity to respond to. It's better to have activity on dedicated boards than in specific threads on boards with different topics. >>7800 Betting on regular currency is mostly betting for (or against) a country's economy performing well and its currency becoming stronger or weaker than alternatives. Investing in crypto is a thing, but you need to be careful how you do it. Some platforms let you buy it just for the sake of holding it as an asset. Robinhood and I think PayPal are two examples I am aware of. You can buy it but not send it to a random wallet. You're just holding it to sell back at a new price. If you want to have it on hand as currency you'll need to set up your own wallet and then purchase (or mine) some. BitCoin is pretty much virtual bullion now. You buy it and hope it gets big, then try to sell before the price tanks. It happens in phases. There's too many fees associated with using it as currency and there's no privacy. Monero has privacy built into it, but isn't worth as much. Ethereum has some other gimmicks about fulfilling contracts which I'm not clear on, but it's doing fairly well for an altcoin. I wouldn't bother with doge, which is a meme. Attempts to pump money into it are likely hedge funds trying to divert cash into a worthless investment to distract redditors. Keep in mind all currency transactions, including many Crypto ones, have fees associated with exchanging them. These make it difficult to turn a profit via investing. If you have to pay 10% each way to convert, you need to make a 20% gain just to break even, and that kind of return takes a lot of time. If a country's economy totally falters, expect their currency to rampantly inflate and your investment to disappear.

>>7800 >>7801 You could try to speculate on currencies like anon said, but I'll leave that to the speculators. Here's the technical advancements of a few coins and how they differ from bitcoin. Bitcoin Bitcoin was the first, but it's got serious technical problems that can't be fixed. At the same time, it's "too big to fail", if faith in bitcoin falls, all the rest of the cryptos will too, regardless of technical improvements. Monero One of the technical problems with bitcoin is that bitcoins are not fungible, that is, a bitcoin can be tracked. You could, for example, have a list of "stolen/illegitamite" bitcoins, and force honest merchants not to accept these bitcoins. Monero fixes this problem by making it impossible to track which coins are sent to whom in a block, this makes it impossible to maintain any sort of list, all Monero is created equal. Technically, you could do the same kind of thing with the bank note number of USD, but of course nobody does 'cuz that would be real inconvenient. Some people suggest that with cryptocurrencies it would be more convenient and so we make our crypto fungible. Dash Another of the technical problems with bitcoin is that it was structured so that a new block is mined about every 10 minutes, this means, on average, it'll take 10 minutes for a transaction to "go through". But wait, there's more! You don't just want to see your transaction go though, you want to wait for 2 or 3 blocks to be built on top of it so you're fairly confident no one else is working on a different but still legitimate version of the block chain. Imagine going to the grocery and trying to pay with Bitcoin, it will take you 30 to 40 minutes to check out. I'll also nitpick >>7801 post, the "fee" associated with crypto transactions dosen't go to a bank, it's a bounty you put out to encourage miners to put your transaction in the next block. Dash "fixes" this problem by making the time to mine a new block about 15 seconds. There's really no technical achievement here, it's just a faster, less popular bitcoin. Etherium "Bro, what if we put programs "Smart contracts" on the blockchain, and then paid other people to run the programs with crypto, attached to the program?". Kinda a neat idea, but until someone really finds a good use for it, it's a novelty. I'll also mention that Etherium is supposed to be switching to a Proof of Stake system, we'll see how popular the fork is though. Proof of Stake A way to build a blockchain, not a cryptocurrency onto itself. instead of guessing numbers to build the next block and get rewarded with the fees + a set amount of the coin, a miner validator is chosen randomly(ish) to create the next block, there are no fees involved and instead the validator and everyone who checks their work receives a flat commission for creating the bock or attesting to it's correctness.. Being offline when you're asked to create a block or disagreeing with other people validating the correctness of a block looses you crypto. My personal favorite at the moment is Stellar Cryptocurrency tied to other assets, these could be other cryptocurrencies like Bitcoin, non-crypto currencies like USD or Pesos, physical commodities like Gold or Silver, or any other asset. It's totally not a cryptocurrency though, it breaks the "trustless" rule that all other cryptos have, instead you trust a set of asset brokers that you can buy or sell derivatives from, think of it more as a decentralized group of stock brokers than a cryptocurrency.

Figured I'd ask this in the /biz/ thread since business and economics are heavily reliant upon each other. I'm listening to one of the economic reform ideas proposed by Richard Cook (Worked in the FMS division of the Treasury Department from Reagan to Bush Jr.), and a couple of questions immediately sprouted: https://invidious.tube/watch?v=6cBafaTItck First, is what the guy is proposing best summarized as a "universal basic income"? Second, is that proposal already being enacted in the form of the COVID relief checks that the Feds are giving to the public, and it's done nothing but destroy the economy? Third, if it's NOT a UBI, and is, instead, just a one-time check to "get the economy going" won't it either fail like Lincoln's greenbacks (They never gained any traction and hyper-inflated due to gold already being so widely used in circulation) or not change a single thing like what happened in Russia (After the USSR collapsed, the new government didn't know how to restart the economy with a currency that was valueless, so they went ahead with making a new currency, giving everyone in the country the same amount money, then let nature take it's course, and the result is all the money entered and left the same pockets that did or didn't have the wealth before the collapse)?

Have a couple questions about wallets. First of all, what's the real difference between the web, mobile, and desktop clients? I assume, that the desktop clients are the most "secure" by default, but just asking because I'm curious. Second, after going to the website of the cryptos that I'm interested in, here are the wallets that I'm looking at: >Bitcoin Core: https://bitcoin(Please use archive.today)/en/wallets/desktop/windows/bitcoincore/ >Monero GUI Wallet: https://www.getmonero(Please use archive.today)/downloads/ >Guarda Wallet (Litecoin, Ethereum): https://guarda(Please use archive.today)/ I was wondering is anyone has any experience with these or if there's a better wallet out there for these currencies.

I think I found a purpose behind the shitcoins. They're the lowest value of poker chips. For those who don't know, white chips are $1, red are $5, and blue are $10. Comparing these to cryptos, your blue chips would be Bitcoin and Etherium. Your red chips are "lesser" powerful ones like Dash and Lite. And, your white chips would be the shitcoins like Doge and Shib. Now, with white chips, they don't really exists for those who want to make any real money gambling. They just exist for people who are looking to play around with gambling and either lose their small amount of pocket change or come out with an extra $10 they didn't have prior. I was wondering if it's possible to use the shitcoins for a similar purpose. NOT as any currency with real value, but as a means to drop $5 exchanging around money between currencies to get a feel for the trading, how it works, how to send/receive crypto, how to convert it, and so on. As far as I know, there isn't really any application or "game" that exists that simulates how trading/exchanging in the crypto market actually functions. So, I was wondering if these shitcoins would be a good primer for what comes later.

>>7561 Take it easy punisher Max, you’ll pop a vein.

>>7492 >You're not a woman Nigger there are great woman traders out there. No need to alienate fellow /pol/acks by being needlesly rude.

>>7561 This edgy fucktard is onto something All systems of wealth are dependent on the existence of law and order. When there is no government to monopolize violence your ability to amass wealth through less tangible means plummets. Assuming everyone here is more worried about being self-sustaining and having true wealth unbound by the regulations and laws that keep societies free from banditry rather than getting more bing bing wahoo point on the scoreboard of fortune-500, wealth in its essence is: 1. Land: Owning a part of the earth is how you store wealth. Gold is considered to be a store of value but this is only possible when there is someone trustworthy to trade with that you can agree on a currency with. Land can't be "stolen" per se, unless you are forced out of it. So to not get forced out if you need to also have 2. Life: By having ownership over life you are able to generate more value: food, tools, shelter. Manpower in particular will also allow you to fortify your stored wealth in the form of land. This can either mean having many sons or making an agreement with other men to protect one another's land in case of infringement. Having livestock will allow you to more efficiently produce the aforementioned value, this livestock will also be a kind of currency that can be traded with trustworthy partners for land or manpower. While you're playing with shitcoins and stocks always keep in the back of your mind that until you invest in land and life, you're not wealthy. Consider if the casino will allow you to cash out before you get too deep into /biz/ness.

> JPMorgan CEO Jamie Dimon Sells $125 Million of Stock <Jamie Dimon sold $125 million of JPMorgan stock through a plan, while his wife Judith Kent sold $25 million of stock. https://archive.is/i0HKV <JPMorgan Chase (JPM.N) CEO Jamie Dimon has sold about $150 million of his shares in the bank, a SEC filing showed on Thursday, marking the first time the head of the largest US lender has sold shares since taking charge in 2005. https://archive.is/BWZVf I take it we're going to be in a world of hurt this year (If not the next).

So I take it that the stock market is taking a dive because the tariffs actually stuck around and are being implemented?

It exists: https://8chan.se/biz/ but no one is posting.

>>22803 I guess all the posters from the generals don't know yet! (one tweet until a flood of users arrives)

>>22833 posting is locked currently.

There is this thread: >>232

>>22797 what retard wants to moderate biz 24/7?

>>232 >the lockdown/pandemic/seizure-of-power/whateveryouwanttocallit has shown how fragile everything is I don't think it showed that at all. The shutdowns were government mandated and wholly unnecessary. That doesn't show fragility. It shows the people in charge don't know what they're doing and the populace just lets them make bad decisions.

The usa can't win the trade war, they started it by shooting themselves in the head.

>>22797 the trade war was even against their allies and partners, they let the Chinks win this one, also trumps is against trade, but do not dare to touch his lovely billionaires

>>22797 Crypto is a scam.

>>23937 controlled by Chinks farming, if the submarine cable blow up, good bye to your money in crypto by a hard fork.

>>23732 pretty much. china prepared for decades for any opportunity to take the role of global hegemon from the US, and the US decided to try and fight them with zero preparation, giving them just the opportunity they had waited for how the fuck do they expect to win a trade war against China when they started it for the very reason that China is completely economically dominating them?

>>22797 >we can't let chinks win a trade war >let them Anon they already won

>>23937 it may be subjective, but I disagree! it does what it was invented for. (I see, that some situations could cause problems - missing network connections or electricity and so on ...)

>>22803 Why the .se extension? Is that this the same site?

>>22797 Merged

where /bant/ /smg/?

Have you guys heard about "Goldbacks" at all? I'm asking because I just left a coin convention today, and found some of the venders there selling these things. One of them handed out a "half-back" for free, and I spent $17 getting two different versions of the 1GB denomination. The "sales pitch" for them is that these things are 24 karot strips of gold (With the different denominations tied to their size, and their increased amount of gold in said strip contributing to said increase in size and hence denominational value) that are suppose to be used as an alternative method of payment. This entire project comes to us from a company based out of Utah who have allied with other precious metal dealers such as Alpine Gold. Apparently it's already accepted widely in Utah, and Florida just passed a law back in July that eliminates the tax on precious metal transactions altogether and further solidfying this as a possible concept. You can find their website here: https://archive.today/https://www.goldback.com/ From what I understand of it, the idea "seems" sound. However the reservations I have with the implementation is (1) cash is not as widely used as much as it really should be which hampers the concept of an alternate method of making payments being a physical currency that you have to hold in your hot little fists (Though still I would back this idea anyday to absolutely anything having to do with cryptocurrencies where the value is nothing except data on a computer) and (2) there's the monopolistic problem that only one company is making these things (And thereby meaning that they have the sole control over the market viability and future of the Goldbacks). Outside of an outright de-dollarization, I don't see anything really addressing my first complaint, which would mostly relegate these to primarily existing as collector's items. However the second complaint I could see being lessened if there was at least another company or two in the market making these (As it would both back the legitmacy of the concept as more companies are making them, and require them to keep each other in check to prevent the in-the-future market for these from collapsing), if for no other reason that I can finally have an "official" currency using anime pictures (The current images they have are nice and pretty, but I feel like there is just little variety). But those are my thoughts. What are you're guy's takes on the concept?

>>46767 >What are you're guy's takes on the concept? I hate the fact that they used a negress on one of them, so I have zero respect for the concept based on that alone.

>>46767 >1/2000th troy oz gold sounds retarded, just buy actual bullion

>>47056 The bulion that's currently retailing for $4k an ounce? And that is SO valuable that you cannot actually do anything with it except hide it in a hole.

>>47059 Yes. You don't have to buy a full ounce and you can buy silver instead of gold if you're poor.

>>47060 >You don't have to buy a full ounce Oh, so buy a tenth of an ounce of gold for $400? >and you can buy silver instead of gold if you're poor The silver that jumped last month from $35 to $50 an ounce? And when the government begins regulating silver due to it being "more precious than gold" as it's a vital material used in developing "green technologies", and start breaking doors to collect it like they did with gold under FDR? Also, why not you buy both? As anyone who stakes their entire future solely on one asset is an idiot in the first place.

>>47063 >The silver that jumped last month from $35 to $50 an ounce? I have no regrets. How are your goldbacks doing?

>>47059 >And that is SO valuable that you cannot actually do anything with it except hide it in a hole. I'm unemployed and just sold a gold eagle for $4200, that buys me a few months survival. Hope I find a job soon but I have a lot more PMs if needed.

>>47400 >Any idea why silver is shooting up to $70? The value of silver is not going up. The value of the US Dollar is going down.

>>47433 >How are your goldbacks doing? When I made that post, a 1GB was worth $8.15. Now it's worth $8.95. So it's appreciated by about 10%. But that's also the case with gold, as that has appreciated by 8% in that same time, and the price of the Goldback is tied to the price of gold. But like I said, it's worth it to buy both. However now, especially with the price jumping to $70, the option for the average person is now reduced buying fraction amounts, when not buying junk silver. >>47435 >The value of the US Dollar is going down. Oh, that reminds me. Here's a copypasta of a post that I made last month about a problem that I don't see anyone really addressing. I made this after I bought a couple of items using Goldbacks: <Bought a few items with a couple of these yesterday, and found another problem with it gaining any validity. It stems from the fact that people are still tying the value to items to a certain number of dollars. Like I could get three of 1GB Goldbacks back when they amount 1GB was worth $7, watch as it's value raises to $9, and then walk into a store that accepts Goldbacks and walk out with $8 more in items than I could when I initially bought them. <This is sort of confusing so let me explain. Let's say you're a person with a couple of chickens, and those chickens have produced 1 dozen eggs (Or 1DE). You sell that carton of a dozen eggs (Worth 1DE) for a price that you have pegged at $10. And let's say that something like the Goldback comes along, which you accept as payment. And in this scenario, the 1GB is also currently valued at $10. Now, something happens that causes the price of the Goldback to go up from $10 to $20. This screws you over because now you're receiving a 1/2GB instead of 1GB since you pegged the price of your eggs (1DE) to $10 despite the fact that the value of the eggs (Worth 1DE) hasn't changed. All that has changed is the value of the dollar, and you were too "slow" to pay attention. <And I feel like this is one SIGNIFICANT factor I don't think people have actually taken a step back and realized. There's this local game store I go to that has had dozens of games sitting on it's shelf for years on end and have been valued at $10 since before Corona-chan. If the guy actually priced his items accordingly to inflation, he should be relabeling those games as NOW being worth $13 (Now extend that to the entire store). But how do you think this is going to effect his business? He's already complaining about how he isn't making enough money and just trying to ride thinks out until his lease expires, so what's going to happen if he reprices his game to account for inflation? If you weren't already going to be buying Fantavision for $10, how about now when it's $15? But like I said, this is part of the problem, because he's tying to the value of the games in his story to his trust in the dollar's value. <So if anything is going to come along to replace or being an alternative to a local currency, whether it be Goldbacks or cyrpto or something else, one of the things that needs to happen is that people need to start assigning alternate valuations to items that is disconnected from the local currency's value. In addition, there's also the problem of trying to explain this concept to the idiots who think that this prices "just" go up simply because people are "evil" and "greedy". A couple other things I want to mention. First, this post was not focussed on other problems that prevent an alternate currency becoming viable, such as how precious metals and crypto are taxed or how you cannot pay your taxes with precious metals or crypto. Second, and I think something more important, is that you should be doing this with more than just precious metals and alternate currencies. Video games are my big example, and one of the things I've been doing lately is taking games that I have beaten, didn't like, or somehow ended up with an additional copy of and have been trading them in to the game store in order to get other games. I've also been doing this with books, but that's a little screwd up because stores will only allow for the trade-in credit to account for half of your purchase instead of the full amount. I've tried to do the same with DVDs and PC games, but no one wants those.

>>47400 Just about to hit $80

>>47400 >>47460 I think I found one of the reasons why silver is spiking: >Trump’s 401(k) changes could dramatically impact your retirement account in 2026. Here's what you need to know archive.ph/pPTQ3 <In August, an executive order signed by President Donald Trump (1) opened the door for certain “alternative assets” like private credit, private equity and cryptocurrencies to be included in 401(k)s, expanding what Americans can hold in their 401(k)s and other tax-advantaged retirement accounts. <... <Traditionally, some alternative assets — such as private equity and hedge funds — were restricted to "accredited investors” who either had a net worth of more than $1 million (excluding their primary residence) or annual income exceeding $200,000, according to the U.S. Securities and Exchange Commission (2). <However, the alternative asset landscape has changed over the years, and retail investors are showing growing interest in these investments. A survey by market research firm Opinium found that 21% of retail investors have considered alternative assets, and another 5% plan to invest in them (3). <... <For instance, gold is often viewed as an alternative asset that can offer your portfolio greater stability if stocks are shaky. The precious yellow metal is also on a historic bull run, with the spot price hitting a high of about $4,300 per ounce in October (4). >Trump’s new 401(k) rules could shake up your 2026 retirement savings — are you ready? archive.ph/hbSG9 <Alternative assets in 401(k): A recent US executive order now permits alternative assets like private credit, equity, and crypto in 401(k)s, offering diversification beyond traditional stocks and bonds. While proponents highlight broader investor access, experts caution about complex risks and limited liquidity. Financial advisors suggest a cautious allocation, typically 5-10%, to navigate these new opportunities. This is pure speculation on my part, but it seems like Trump's plan to "save" the economy is getting everyone invested in everything and anything instead of having them rely ENTIRELY upon stocks and bonds. So unlike in '08 when all it took was the housing bubble to collapse and took everything with it, the economy is going to be far more diversified in where their wealth is located, which will soften any "major" shake-ups that occur (Like, I don't know, the AI bubble popping, or a PLA Invasion of Taiwan).

>>47063 >Oh, so buy a tenth of an ounce of gold for $400? Yeah I just looked it up and 1/10 ounce in goldback form is ~$950. Retarded. And the gold is stuck inside worthless toilet paper, which probably makes it difficult to melt down. You go ahead and buy your goldbacks, while I get the same gold weight for half the price.

>>47490 >which probably makes it difficult to melt down There's dozens videos of people burning these if for no other reason than to verify the claim that there is gold in those "bills". However the question is why would you do so? These are suppose to be used for transactional purposes. After it's already verified that these are gold, why would you need or want to melt them down? >Yeah I just looked it up and 1/10 ounce in goldback form is ~$950 Dude, where are you ordering from that where they're charging $950 for 100 GB when the 1GB note has yet to reach $9? Because just clicking on the first two sites listed in their "trusted suppliers" list: archive.ph/gzEkZ A 100 GB is being sold at below the current exhcange rate value ($8.66 for 1 GB, so $866 for a 100 GB): archive.ph/90Xct From as slim as a $6 dicount: archive.ph/in0K7 All the way up to a $32 discount: archive.ph/bdRtT <But you're still paying above spot. Yeah, and the guys running the program have been upfront about that matter, that a Goldback is about twice the spot value of the gold within the bill: odysee.com/@WatchmanPrivacy:1/Goldbacks:1 <But that's still above spot. Why even buy them at that point instead of pure gold? Counterfeit measures (Because the Chinks have been flooding the market with fake gold and silver for the past few years), ease of carrying them around (Because it is like a banknote), and the fact that businesses are already exchanging these things for goods and services (Over 3k in the U.S. according to their newsletter, with the network expanding to the U.K. and Canada: archive.ph/VSjPZ ). If you don't see the value in that, then just keep doing what you're doing.

>>47499 >Paying $866 for 1/10 ounce of gold My mistake, that's a way better deal. Enjoy your goldbacks bro.

>>47460 And finally did!