/biz/ - Business & Finance

>>18723875
That girl isn't very AL DENTE, son.

>>18723875
Are you me? My plan is to buy 70% ETH and 30% BTC, but I missed the insane drop to $4k like a retard, so I'm waiting for now.

>>18723899
So you're waiting for a dip in a market?
I wasn't sure if I should lock some of it up in a term deposit or buy boomer stock.

>>18723940
Yeah personally I'm waiting for BTC and ETH to dip.
I'm feeling unbelievably JUST'd right now considering I could have bought 70 ETH and 0.7 BTC with $15000 AUD and I didn't. So I'm waiting for a second crash, which I think could happen.

Day trade STEEM for 400 to 500 sats every few hours. Especially if you don't know what you're doing so I can take your money.

>>18724000
Any suggestions on learning material so people dont take my money?

>>18723875
smelly smelly smelly

>0.3%

are you with commbank?

>>18723979
I was thinking of designating a portion of what I have to invest in crypto, etc and eth are obvious options but I see alot of talk about link on here, half calling it a scam, half swearing by it? should I lurk moar or can somebody give me the TLDR

>>18724053
anz. this is what I mean, I've only just started paying attention to finances and turns out I enjoy it, I just mindlessly saved the 15k but yeah want to use it abit better than just getting 0.30%

>>18724028
the goddamn internet that you're on right now

>>18724071
its amazing how cracking 10k in savings evolves you from chimp to human

>>18723889
she does look kinda squishy

>>18724682
ha this, is investopedia a worthwhile learning tool?

>>18723875
You said it lad. Options are the way to go.
you'd better not be completely retarded

>>18723875
put most of it in some etfs & lics with dividend reinvesting and YOLO some on crypto
if you're feeling extra degenerate learn about options and gamble away

>>18723889
that's a man

>>18724774
>>18723875
>>18724836


do not trade anything but cash shares unless you have this qualification:

https://www.kaplanprofessional.edu.au/courses/asx/accredited-derivatives-adviser-level-2-ada2/

If you can't do this exam without studying - ask yourself: Why teh FUCK am I trading highly volatile derivatives when I can't even complete the basic exam mandated by the Australian government to be allowed to talk about these derivatives with clients, that is routinely completed by dickhead financial advisers every day?

LIC's and ETFs are NOT index funds. ETFs are often highly leveraged or complicated trading instruments

>>18724728
you really need to get lucky on some lower cap shitcoins to build from the 10-15k mark, I personally think RLC and GAS are good bets for a 1k bag each, but its just a crapshoot at the end of the day

>>18724905

$15,000 AUD is 750 hours of labour on minimum wage in Australia

Consider that you must have spent at least 6 months, possibly a year saving this money.

Now consider that you could turn 6-12 months of your hard work and time into $0.00 simply by being a degenerate piece of shit gambler "yolo'ing" on wall street bets and options

Really cool and trendy until 5 years later when you've lived a cycle of degenerate gambling on leveraged derivatives and penny stocks while salving away at a minimum wage job, gaining no useful skills or assets

>>18724054
Let me tell you a story...

>>18723875
buy the imminent dip on a few mint/NM 93-99 magic the gathering cards and hold them until they explode in a few decades
the 90's is already 20 years ago
>>18723889
you are rarted

>>18723875
yo faggot, put a few k into this one. thank me later.

glad I checked back on this thead, onya guys. So far my take away has been, have a crack at the derivatives adviser accreditation and expand my knowledge on ETFs?

What's that smell like?

>>18725519
Rotten fish and human shit.

>>18725484

significantly increase your knowledge on ETFs

A lot of people think "hmm buy the oil etf" = buying long exposure to oil (i.e. USO etf in the US, and OOO etf in the ASX)

Fact is, that is NOT how these work, and these assets hold a mixed basket of assets such as currency hedges, US oil derivatives

Do you know what the 1m, 2m, 3m, 4m, 5m, and 6m oil futures are?

Do you know what puts and calls are and how they work being written over those futures?

Do you know what the oil futures curve is?

Do you know what it means to roll a future? Do you know what the expression "Front month" means?

Do you know what an ETF mandate is?

Do you know what a spread is, how spread works, how ETFs charge spread on ETF units, how liquidity works on ETFs?

Did you know that the CME banned the USO ETF from buying more than 15,000 oil contracts per month? (15,000,000 barrles)?

Do you know what "taking delivery" is?

Do you know the difference between USOIL and BRENT/WTI oil?

Do you know common problems and behaviours of institutional credit markets?

Do you know what the bond market is, how to calculate the value of bonds, where bonds are traded, and who uses bonds?

If you don't know the answers to all these questions you should seriously reconsider YEEting YOUR hard earned money onto shit you don't understand.

>>18725691

https://stockhead.com.au/the-secret-broker/the-secret-broker-the-sweet-the-sour-and-the-bland-aspects-of-trading-in-black-gold-futures/

check your knowledge too. Because even ASX orientated online news sources like the motley fool and stockhead are totally wrong

>One WTI is worth (in cash) the equivalent of 1,000 barrels of oil, which by my calculation is about 3,700 litres and to give you a feel for size, one of those fuel delivery trucks you see around town can hold 40,000 litres — or about 10 WTI contracts — when fully loaded.

WRONG. One WTI is the equivalent of 1,000 barrels of oil, which is about 16,000 LITRES not 3700. Those trucks hold 35,000 litres. 10 WTI would be 45.50 trucks

How can you trust a person this fucking retarded to write about the oil market let alone anything else? Obviously "35 years in the oil market" is complete and utter bullshit

how the fuck do these people even have jobs? who reads this shit before its published? They mixed up the US imperial gallon (3.7 litres) with the US Oil Barrel (159.995 litres)

>>18725519
al dente

>>18725691
Thankyou! quality post anon! I'm certainly not yeeting into anything. I've only just started looking into finances in general. In total I have about 20,000 so I figure, halve that into 2x 10,000, put one into a term deposit of some sort, then half of 10 into a few medium risk mid-long term and the other 5k I might try doing some day trading? does that sound reasonable?

>>18725830

I'm not giving you financial advice in any capacity. I have worked in the derivatives industry a while though

Here are a few key things to think about though:

1. If someone is willing to sell you something in a market (shares, futures, houses, tinned fish) it means one key thing:

That you the buyer think the future value of this item is more than it is today, and that they the seller think the future value of this item is worth less than it is today, or is less than something better. It is a matter of opportunity cost for both parties.

So if someone is saying "brooo buy EOS" as above - consider this - who the fuck is selling it to you right now? Not him maybe, but whoever is dumping these shares think that EOS is fucked. And you're buying into that? Why? Consider the perspective of your counterparties.

2. If you lose 10%, make 10%, lose 10%, make 10%, repeat - you will actually lose money. If you lose 25% of your capital, you will need a 33% profit to get it back

$10,000 - 25% = $7500.
7500 * 133% = 10,000

You see?

So if you take $20k and turn it into $15,000 with bad investments, you're going to need to get a 33% return to get that 25% of losses back.

Conversely, if you make a 33% gain and turn $10,000 into $13,300, you only need a 25% loss to get back to zero

3. nobody here is necessarily a genius or "Smart". They just have a lot more specialist and niche knowledge. Anyone can learn this after a long period of time - but nobody will. because they're not there on the spot

>>18726035
Really appreciate the insight, I think thats why I'm posting here because I value the insight of people here because as you say, its very niche and I'll get differing opinions. I've noticed alot of the material online is either biased or I might not be getting the whole story, just the parts that have worked for the person writing or explaining in a video. I'm just trying to cover all basis.

I think for the moment, I'll put it away in something short term and guaranteed, perhaps keep playing on this simulator I'm using and keep asking questions in /SMG/

Any suggestions on some short term courses? just need something I can start and stop as work demands.

>>18726178
cont: would keeping maybe 15 hundred and getting to know robin hood be sensible? I've heard alot about it but not sure if I'd just loose money? am I able to just buy some safe stuff like google, apple, amazon etc and then buy more once I'm comfortable with my research and risk methods?

>>18725213
Any reason why?

>>18723889
>girl

>>18726202

If you want to trade robinhood or some bullshit, try $500 maximum and yeet it. See how your stomach feels like you just drank battery acid when you lose $100.00 of real money , and pay attention to how you can lose $100 in literally 23 seconds.

Now imagine if that was your entire $20k and you just lost $4000

Google, Apple, Amazon, Faecbook, and Netflix currently make up a ridiculously high amoutn of the sp500 index. They are not safe investments at all

Again, none of this is financial advice

>>18726202
Listen to >>18726233
He's giving you and expensive lesson, for free. Much like a Jannie
Also - go all in on LINK

>>18726233
>>18726260
I don't necessarily want to, I'm very open to suggestions, should I just go to my bank or find a local broker?

>>18723875

>>18726260
why though? isnt that just a meme

>>18726233
unironically take your meds

>>18726277
>>18726288
I gotta respect those dubs
If you bought Link when it was being shilled in 2017-2018 it sure as hell was't a meme, anon.
FWIW - I would DCA into BTC & ETH if I didn't really know what I was doing.
Do plenty of research on what comes up on this shithole. Read every thread, every day for a month - so that you can start to tell the difference between a Pajeet and the very few worthwhile tips that you get here.
When it comes to investing in shitcoins - consider a few - then choose LINK
Take care and good luck

>>18723899
>>18723875
I was you 2 months ago. I put 10,000AUD of my 15,000 savings BTC at 4.8k.

USO seems to be the buy right now. It may drop lower but unless the USA has a USSR style collapse it's 100% going back up once the pandemic is over.

>>18726277

What do you want to trade?

It's like saying you want to put fuel in your vehicle. Do you want diesel? kerosene? petrol? liquid natural gas? How much?

brokers clear through banks, are slightly less stable, and usually cost more money, but have higher quality customer service and assistance

banks are expensive, slow, stable, and have absolutely horseshit customer service. But if you were trading with all your money at the broker Halifax (https://asic.gov.au/about-asic/news-centre/find-a-media-release/2020-releases/20-003mr-asic-further-suspends-the-afs-licence-of-halifax-investment-services/)) you might start thinking maybe Commsec was a better deal

alternatively, you might be trading at commsec and spend $2,400 in brokerage across 1 year ($20 a trade, 60 trades open and 60 trades closed), then realise InteractiveBrokers would have charged you $200 in brokerage for the same

-

Also consider AUD forex risk

If you buy $10,000 AUD of Amazon Options priced in USD on Robinhood, and your position stays at exactly 0% movement ($10,000 value retained), but AUD goes from 64 cents to 75 cents. Now your $10,000 position is down to $8,500 before the market even moved against you

>>18726328

i'll take my meds that I bought with money I didn't lose on robinhood. because unlike most Australian's I don't think the share market is a giant more chilli / big red machine out the back of my local RSL

>>18726402

you're a fucking idiot. What is USO? What does it hold? How does it correlate to the oil price?

https://www.bloomberg.com/news/articles/2020-04-24/us-oil-fund-says-cme-has-ordered-it-to-limit-futures-positions

Were you aware USOETF is facing investigation from the US regulators for changing its investment mandate?

Do you even know how futures contracts work? Do you know what will happen to USOETF if it gets stuck with a heap of oil at delivery in 3 weeks?

https://www.wsj.com/articles/the-fund-that-ate-the-oil-market-11587489608

If the USO-ETF owns more than 1/3rd of the oil market, it means retail mum and dad investors own 33% of all the oil futures in the US right now. Who is selling to them? How many people even understand these products?

Are middle class mums and dads going to take delivery of millions of barrels of oil? Most of these people probably don't even realise that oil isn't stored in barrels anymore

I've got alot more to learn anons, thank you very much. In the mean time, besides moving to a different bank to score their bonus interest is there anything I should consider doing with say 15k whilst I learn some more in general about investing/trading

>>18724053
I'd wait personally. I'm still expecting another drop right across the board. The whole economy is fake & gay (money printer go brrrr), stocks most of all - and right now cryptos still tend to drop when stocks do. Then go in on a minimum of 32 Eth & the rest in Btc (dyor to figure out the amounts). Link is still worth getting though at this price. Once you're in, there's a ton of way of getting decent returns, from staking Synthetix, to issuing DAI (from a MakerDAO CDP) & lending it out on Compound or Aave, all sorts of shit. And obviously, staking Eth (and Link) once that becomes available.

>>18726570

Every time you bet $2000 on some meme stock, imagine that you’re pledging to work your ass off for 100 hours in their offices. Would you work for someone for 100 hours for free? And it not, why would you give their balance sheet 100 hours of your life

We really need /asx/ generals to make a return. Doesnt take long for them to 404 though due to the high volume of shit threads that knock it off the catalog. Remember when they used to be up for over a week at a time?

>>18724943
I earn 15k (after tax) in 3 months and I'm on an average 75k salary...