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Finance, Biz, Investment, Jobs Thread Bakanon 07/26/2021 (Mon) 06:23:15 No. 2105
"I don't know proper format" Edition In last thread - >World economy going to tank (when does it not?) >people losing and gaining money from Musk, Cryptos, Gamestop and Hedge funds >anons making nice and /c/omfy profits from years old, diverse small investments >newbies (really everyone) learning about suitable investments, reducing expenditures and taking risks, going from nocoins to nocoinsleft >anon's dad and sister are complete clueless on crypto and poor anon has to manage for them >BlackRock and the usuals are buying up real estate everywhere, presumably for the next 2008 housing crash >John McAfee got (((suicided))) >Anon made 500k with an initial of 25k Archive of last thread https://archive.is/3fna9 Post your daily money problem, thoughts on long term, short term investments and progress. Your day jobs or any market trends. Or just laugh at others losing money. Any one have a proper format for these threads?
>>2204 You don't have to work under any circumstances, you just have to have money. And if you need money, working is counter-productive because only the poor work. By working at all, you ensure you will always be poor.
>>2205 t. Diogenes
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I haven't checked my investments for over a month. It looks like I will stay red until the next bull run. When will the market crash?
I am on disability while working part time because of mental reasons so if I invest I could lose disability because I can't have more then $2,000 of Countable Resources.
>>2222 Nice numbers. A disability check. >I can't have more then $2,000 of Countable Resources. ???
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greens almost everywhere today, hope you purchased well
>Nighthawk 6 camera security system retails at my local Walmart and online for $469.97 >Cost to the store is $359.97 <On clearance for just $79.97 I'm taking a chance and buying it. I have the original receipt so I'll see if I can dump it at my local pawn store for like $200. Failing that, I can post on my local goybook buy+sell group for like $350 OBO - and failing that, I have an ebay account I can sell as-is for the same price. Even if I get talked down to under $200, I'm still comfortably looking at 2x my money with little risk. Shame that it only has 3-star reviews and apparently shits itself after 18 months or so. >>2224 Probably red tape that affects his permissible income or holdings. >>2222 Can you define "countable resource"? Is that stuff like dollars, or does it include collectables as well? For example, if you're savvy and into it, stuff like MTG sealed boxes take up a reasonably small amount of space, and it's considered a toy (rather than a collectable or investment - which it is), so you might be able to build wealth that way and skirt the people that audit it. To them, it's no different than buying an Xbox (though it will appreciate in value over time). Think about it! >>2234 >BTC at $32k >Nah its not below 30, fuck it >Up to $45k and cools off to $40+ Fugg. Oh well, my dad bought another 50 Cardano (ADA) that I'll be staking interest on. >>2215 A month is nothing in the grand scheme. A red month or a green month is market noise. You have to consider it in terms of a year or more - and on average, it'll slowly trickle up in price. You'll be fine, just park it longer and cost average down where appropriate (8-10% dips are a good time to do so)
>>2242 >>2222 >A “resource” for purposes of SSI eligibility is cash money, or some item that you can turn into cash money. Bank accounts, some life insurance, stocks, bonds, and property are all resources. After you have determined which resources you own, including deemed resources, figure out which resources are countable toward the SSI limit. Many items that are resources actually do not count toward the resource limit: one vehicle used as transportation, the house you live in, household goods, personal items, low-face-value life insurance policies, burial funds and plots, property used in a business, and any money set aside under the PASS program (to be addressed in a future article). A number of other resources also do not count. https://www.rubinlaw.com/blog/what-is-a-resource-what-is-countable-your-questions-about-ssi-eligibility-answered/ Yeah. Not a lawyer, and if you want professional advice, see a licensed professional, not an anonymous person on a Mongolian tapestry forum. But the verbiage used here sounds like "toys and games" would be considered a "personal item". Stocks, bonds, real estate etc and monitored by the SEC, secondary market collectables (eg TCGs, sealed VIDEOGAMES, etc) are not - so you might be okay with that. Legally, cryptocurrency might still be okay to hold, but there's a lot of legal stuff coming down the pipeline for that.
In terms of MTG prices, it looks like reserve list cards have softened after a few months of sharp growth; we may be nearing a bottom on that. Modern singles have been very popular and I sold two small lots in the last week alone, so I'm going to be listing more on ebay. Sealed prices have likewise softened; where I was up +26% on my boxes last month, I am only up 1.1% this month - a loss if I were to liquidate and account for taxes, shipping, and fees (ballpark is to take 15-20% off market value). In any case, this week I'm going to try and aggressively convert more singles into store credit or cash, so I can scoop up a few older boxes while I can. Got my eyes on a single box of pic related, they're going between $300-$500 each. I haven't checked ebay pricing, but those have had a dwindling supply, and I'm surprised my preferred vendor even has any left (most LGS stores have been focusing exclusively on modern cards)
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I was going to buy 20 shares of SHLX (dividend play) and 10 shares of PLTR tomorrow. In Palantir's case, it's one of those (((questionable organizations))) and given the connections the owner has, it's one of those infallable companies. So even if it IPO'd at $9, and is overvalued at $24, I still think it has room to grow over 5 years
>>2276 Is this Palantir related to the news of pic related? Gold and silver is always the safe asset, they might not be holding it for themselves though, more of a "valid transaction" like an actual, permanent payment to a company who knows fiat currency is useless. To be honest, is there value in buying gold now as opposed to otherwise? Seems of "see what others are doing and follow" kind of thing
>>2252 Do you sell them for somewhat regularly or its more of a "its an investment" kind of thing?
Also more insider trading shit, Pelosi is buying NVDA stocks, probably related to ARM buyout or other major event
How much should I tolerate losing before cutting my losses?
I only have one credit card because I'm paranoid about debt but I've been meaning to get a second one for some time now. Recently I've been seeing ads for cards that give BTC back on purchases and I figure that's a decent way to keep building a crypto wallet compared to rewards I never use. Is that a bad idea? Am I retarded?
>>2299 I don't think credit cards with bitcoin rewards are good incentive, or even safe. Few discounts here and there is good, but the bitcoin will be tied to your specific wallet and may not withdraw it unless for specific payments on approved merchants kind of thing. Be careful of these kind of schemes. >>2283 Your losses are what actually define your tolerance anon, and to be fair no one but you knows the answer
>>2299 Most of the cards out there that give crypto back function more like prepaid debit cards except you load them up with crypto instead of fiat. They're still worth it (especially if you already have some crypto), you need to find one that's reputable though.
anyone willing to give out some sound financial advice on crypto.
>>2549 Buy GME instead.
>>2549 The relatively stable big ones like btc eth or monero will be your long term holding coins, as in your wallet which you would use as a stash. speculate some potential shitcoin choices, make little profits from it, sell them and convert to eth.
What is LBRY credits and why do I have to buy them in order to upload on odysee?
>>2550 This. Buy GME.
>>2791 LBRY credits are LBRY and Odysee's "currency" that is used to pay content creators and users who help to host the network. I wasn't aware that you actually needed them to upload content, but I assume that there must be other ways to earn them.
>>2791 You have to buy them to basically rent the URL for your video while it exists. You get it back if you trash it. It's a cryptocurrency that functions less like Bitcoin than people think. Basically, a part of the mined things flows back to the devs, to give people rewards for certain actions, and a part is given to the miners who keep the network running. And people who have them can tip them, buy pay-per-view content with it, or sell them. People do actually tip and the rent is cheap, so it's not so bad.
I bought a bunch of SQQQ yesterday and it's rallying today. Is it gonna go down this month?
How do I start buying and trading cryptocurrency? After hearing people talk endlessly about making bank I'm willing to throw away a few hundred dollars on the chance of netting a profit but how does one go about that? Which wallet would be the best to use? Where should I trade my pogs online? Am I gonna have to put this shit on my taxes next year?
Should I invest in silver as an inflation hedge? I have a feeling that the increasing tensions between USA, China and Taiwan, along with their respective debts and recent crisis, will fuck up with the global economy soon, and I was thinking on buying a good bunch of silver (because it's cheaper than gold) as a "store of value" in case shit happens and my country's economy tanks. Also because I think silver coins look really cool.
>>2906 I would say as electronics chips and shit are going sky high and china just itching to blockade taiwan's sea routes, electronics are gonna skyrocket in prices. Your 5th gen intel dual core could become worth as nothing is available on market. Otherwise gold and silver as always
>>2906 If you're preparing for real bad inflation (read: Great Depression 2: Millenial Boogaloo), farmland is best. Fukuoka has low-work high-yield farming methods, as long as you don't live in arid areas. Even small, awkward fields which can't be worked with a tractor, which can be had for cheap, can yield enough to feed you and sell some extra. A bit more will feed your family as well. Not with a rich modern diet, mind. Basics. But if it really gets as bad as I fear, not being afraid of starvation will be a great bonus. If you have more, you could do what the billionaires are doing and buy up land, but then rent it back to a farmer in exchange for an inflation-secured sum that can optionally, be paid in food. Costs more because you need to buy a field that's viable for modern agriculture, but almost guarantees you food without work. Won't make you rich, but it's a constant source of income that has no maintenance cost and extremely little risk. If you still have money to dump, silver would be decent.
>>2909 Farming is not an option for me as I do not live in a suitable area for it (too cold, rocky and small), but I have a couple of pieces of land and houses that I inherited that I imagine could be useful in case of a crisis, assuming I don't fuck them up.
>>2910 >>2909 farmland is good, Seasonal crops with rotations yield best. But farming anywhere is good enough. Onions and potatoes are easy and they grow everywhere. So are various vegetables. You can use pots and shit and they'll grow big.
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>>2549 Its been almost 2 months since I got into crypto and so far I've put in 1,550 USD and I'm up to 2,300. I put in a few hundred into bitcoin when it was in the low 40k's and its at 61k, Fantom at 1.50 which has made me the most money since its sitting on $3.38 and Sol at around $200 but crashed in September and as been climbing back to its former price and is at $198. I still think crypto is gay and I could loose about close to $1,000 right now if the market goes to shit or if I get liquidated because of some bad trades like a retard. I would keep my eye out for Fantom since it has a lot of things going for it and had a massive pump this week because of the conference that's going on. Always buy the dip for Bitcoin when it bottoms out and Sol dips close to $150 pretty often and is a alright time to buy. Not financial advice **Don't know about the altcoins or which projects are pump and dumps. I'm thinking about $sushi since it went from $22 down to $10 and I'm looking into Fantom network of altcoins**
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is monero chan the only good coin chan or are there others? I only hold coin that has good memes tbh
q: is beer and pizza a bad item to invest in with my weekly earnings a: y/y pls respond soon

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