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ryde posted:Silverbugs tend to believe that silver is undervalued compared to gold. Don't they believe this because of the Silver Thursday debacle?
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Feb 15, 2018 03:26
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Elephanthead posted:I would like to see someone carry off a 600 lb chunk of silver. As a bonus you could even chain your motorcycle to it.
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Feb 15, 2018 03:46
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BigDave posted:Don't they believe this because of the Silver Thursday debacle? They believe there's market manipulation in play regarding silver prices. Goldbugs & Silverbugs are usually well-meaning folks, but there's a lot of uh, conspiracy theorists in the mix.
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Feb 15, 2018 03:48
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You’d sell the whole thing for $75K to some other criminal and be done with it.
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Feb 15, 2018 03:51
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hailthefish posted:As a bonus you could even chain your motorcycle to it. Woah there, let’s roll that wheelbarrow of silver rock back to the crappy construction thread! It’s not even concrete!
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Feb 15, 2018 03:56
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the talent deficit posted:i lost almost all of my friends and had most of my familial relationships strained when a startup i was an early employee at raised money at a crazy number. everyone just assumed i was secretly sitting on like 20 mil, at least. at the time my options were worth around $170k but i wasn't fully vested and they weren't liquid at all. i ended up clearing just over $20k when they finally exited. maybe all those friends and most of my family were actually just lovely all along, but never underestimate how money can gently caress everything up I've never been at a start-up, but when someone explained to me how all the ways you can be offered stock that's not actually stock and is practically worthless-- holy poo poo.
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Feb 15, 2018 04:11
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Ads for silver bugs think it’s like 15x undervalued. The thing is, silver wouldn’t leap from $15/ounce to $200/ounce without some serious poo poo going on in the world. Like yay, you just make a lot of money. Nay, the world economy is collapsing because if loving silver is now $200/ounce, then gas is now $8 a gallon and you probably can’t afford the catheters you need that are advertised on the same channel the silver coins are hawked on. The idea that anything is underpriced is kind of silly. If silver really was going to jump like that Warren Buffet would be clad in an all-silver jumpsuit shining like a glorious vision.
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Feb 15, 2018 04:16
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Blinkman987 posted:I've never been at a start-up, but when someone explained to me how all the ways you can be offered stock that's not actually stock and is practically worthless-- holy poo poo. there are twoish startuplands one for stanford, berkeley, mit, cmu, and harvard kids, who have good vc's who are basically honest because they can be because they're flinging around lunch money (<5 million to them, lol) to kids for 5% and legitimately wish them well and stuff and then the other one clinkle guy, for example, raised 500k at a time from his dad's friends despite being bona fide from stanford because all the vaguely niceish vc's were like, "lol, this guy's scum"
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Feb 15, 2018 04:22
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BattleMoose posted:Its actually super weird the type of coins the Perth Mint sells. I like how like half of these are targeted at the Chinese. Know your market I guess.  And then they were like "well what are white austrailians into?" "Uhhh pop culture and koalas? "
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Feb 15, 2018 04:48
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The Butcher posted:I like how like half of these are targeted at the Chinese. Is there a home renovation reality TV competition commemorative silver coin for the Australian market?
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Feb 15, 2018 05:16
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 My truck equity really demolished my budget!
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Feb 15, 2018 07:02
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The Butcher posted:I like how like half of these are targeted at the Chinese. Complaining, pretending to have fashionable illnesses (EG: celiacs) that they don't, binge drinking and being OUTRAGED (TM) about minor civics. Source: I am a white Australian. Sic Semper Goon fucked around with this message at 08:30 on Feb 15, 2018 |
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Feb 15, 2018 08:25
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The Butcher posted:I like how like half of these are targeted at the Chinese. Pretty much, yeah. I think they're also targeting nerds. To be honest, I'm kinda tempted, some of those look neat. Something to go with my lapis lazuli dice set. With all the Disney stuff they have, I'm rather disappointed there's no Scrooge McDuck themed coins that I can find. Ghost Leviathan fucked around with this message at 09:47 on Feb 15, 2018 |
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Feb 15, 2018 09:44
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Blinkman987 posted:I've never been at a start-up, but when someone explained to me how all the ways you can be offered stock that's not actually stock and is practically worthless-- holy poo poo. Yeah in my experience the options take ages to vest, you have to exercise them while you're still at the company or they are void, and you can't exercise the options in a blackout period or have material information which seems to be pretty much all the time. And of course the shares have to have gone up in value significantly to make it worthwhile. Not very GWM. e: this is quite a big startup. knox_harrington fucked around with this message at 11:52 on Feb 15, 2018 |
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Feb 15, 2018 11:50
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Apparently the young couple who sold everything to buy a boat that sunk has raised $15,000. 50% return on their investment is GWM.
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Feb 15, 2018 12:56
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Did they pay for wreck removal or destruction yet?
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Feb 15, 2018 13:19
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What makes you think they're gonna spend their last $15,000 on removing that dumb old boat from the waterway
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Feb 15, 2018 15:13
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BEHOLD: MY CAPE posted:What makes you think they're gonna spend their last $15,000 on removing that dumb old boat from the waterway Because the government said they had to
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Feb 15, 2018 15:27
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Blinkman987 posted:I've never been at a start-up, but when someone explained to me how all the ways you can be offered stock that's not actually stock and is practically worthless-- holy poo poo. The thing is unless you’re a founder, you should be treating it like beer money. Also, number of shares is not the most interesting number with options- percentage of outstanding shares is. Ultimately, ask yourself if what you’re learning working there and getting paid less than your market rate is worth it. LOL @ schmucks that accept “100000 shares in options” and a $35k/yr paycheck.
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Feb 15, 2018 15:52
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Photex posted:Because the government said they had to What makes you think these free spirited youngsters are going to do what the government tells them they are supposed to do with their last $15,000? They are gonna have to find that money in a bank account somewhere, and maybe even an address where they actually live to serve them with papers, and they have about oh, I say 6 weeks to decide to do that for that money is long gone spent on "life experiences"
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Feb 15, 2018 17:57
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BEHOLD: MY CAPE posted:What makes you think these free spirited youngsters are going to do what the government tells them they are supposed to do with their last $15,000? They are gonna have to find that money in a bank account somewhere, and maybe even an address where they actually live to serve them with papers, and they have about oh, I say 6 weeks to decide to do that for that money is long gone spent on "life experiences" They'll spend it all on another boat and the Coast Guard will never find them because they'll be dead.
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Feb 15, 2018 18:01
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knox_harrington posted:Yeah in my experience the options take ages to vest, you have to exercise them while you're still at the company or they are void, and you can't exercise the options in a blackout period or have material information which seems to be pretty much all the time. And of course the shares have to have gone up in value significantly to make it worthwhile. Not very GWM. BWM: Not reading the fine print carefully and realizing you have ISO options which have huge tax benefits if you're not in AMT land. You can exercise them into shares all you want after vest, but disposing of the shares if you are a public company does have very specific guidelines. Also BWM: Pretending they are worth something before they are worth something. Further BWM: Insisting on RSU's because "You know better than to take those ISO Options like suckers!" and getting non-qualified cap gains based on FMV at vesting.
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Feb 15, 2018 18:47
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My mom, a recent retiree and person with a long decorated history of losing money in MLM schemes, is now telling me that she's taking a Udemy course on making money from cryptocurrency. I loving give up. She is in this perpetual cycle of jumping in and out of MLM schemes, and part of the problem lies with the fact that all of her friends are susceptible to it. I've spent years trying to dissuade her from them, but then she just finds another to get suckered by once one of her friends "discovers" something new. 
melon cat fucked around with this message at 19:23 on Feb 15, 2018 |
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Feb 15, 2018 18:52
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melon cat posted:My mom, a recent retiree and person with a long decorated history of losing money in MLM schemes, is now telling me that she's taking a Udemy course on making money from cryptocurrency. Did she at least buy the course during on of their 10 dollar sales?
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Feb 15, 2018 19:02
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H110Hawk posted:ISOs Yep. I know some people that have become stuck working for companies they dislike because they have ISOs that have increased in value a ton while being completely illiquid. So they can't exercise them and they can't sell. Not the worst problem, but there are a million potential gotchas.
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Feb 15, 2018 19:13
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opposable thumbs.db posted:Yep. I know some people that have become stuck working for companies they dislike because they have ISOs that have increased in value a ton while being completely illiquid. So they can't exercise them and they can't sell. Not the worst problem, but there are a million potential gotchas. Being imprisoned in a job by stock options and/or the tax implications of stock options is exactly where startup employers would like you to be rather than at a competitor job you like better making more money.
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Feb 15, 2018 19:54
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melon cat posted:My mom, a recent retiree and person with a long decorated history of losing money in MLM schemes, is now telling me that she's taking a Udemy course on making money from cryptocurrency. Flip this around to GWM by being the first one to discover the new things then selling to her market?
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Feb 15, 2018 19:58
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Is it likely for a bank to stop paying interest on a savings account if I ask?redditor posted:I'm thinking about switching over to Alliant Credit Union, but when I open a savings account, I don't want to earn interest on the money in there (I'm Muslim and taking interest is Haram). Are banks known to be able to do this or am I gonna have to look for a savings account that generates no income or just open another checking and treat it as a savings? Not sure how I've never heard of this before, but how do Muslims save money or retire? Do financial institutions in Muslim countries pocket all of that interest money themselves? GWM move for them if so.
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Feb 15, 2018 20:15
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This is going to go well.
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Feb 15, 2018 20:16
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If they want savings without interest just open a checking account?
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Feb 15, 2018 20:19
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If returns are harem, why isn't crypto more popular in the middle east?
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Feb 15, 2018 20:21
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Teeter posted:Is it likely for a bank to stop paying interest on a savings account if I ask? There are “it’s not interest wink wink” accounts in Muslim majority countries. I’m not sure how they work, but they dance around it to make them halal while still being able to loan money.
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Feb 15, 2018 20:24
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Teeter posted:Is it likely for a bank to stop paying interest on a savings account if I ask? There's an entire niche market of loophole-exploiting Muslim-friendly financial products. Check this out: https://www.theatlantic.com/politics/archive/2014/06/the-city-that-offers-sharia-compliant-loans-to-muslim-business-owners/431079/ The long and the short of it is that a muslim-compliant loan buys the asset from whoever the real seller is, and resells it to the Muslim immediately for a markup (this is essentially the interest, paid entirely up front) and the Muslim makes equal payments at 0% interest. I guess for loans, it looks like you get a $40k loan, and the bank keeps $2k or $3k of it or whatever and you pay back 40 equal payments of $1k. You have paid no interest, technically.
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Feb 15, 2018 20:25
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I’m on mobile so I can’t find/link it, but Planet Money did a cool podcast about a smaller US bank making Muslim-friendly loans and mortgages.
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Feb 15, 2018 20:39
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Inescapable Duck posted:.
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Feb 15, 2018 20:50
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CannonFodder posted:I would pay plenty over the bullion price for a Scrooge McDuck silver dime. I'd be surprised if you can't get one of those directly from the Mouse at one of the gift shops.
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Feb 15, 2018 20:56
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Teeter posted:Is it likely for a bank to stop paying interest on a savings account if I ask? At the bank and brokerage I work for, a signed letter will do. We can even do it retroactively! .35% isn't really worth going to hell for, if you believe that way.
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Feb 15, 2018 21:18
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Schwab eh?
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Feb 15, 2018 21:45
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blackmet posted:At the bank and brokerage I work for, a signed letter will do. We can even do it retroactively! Haram is haram, mang.
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Feb 15, 2018 21:48
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Twerk from Home posted:There's an entire niche market of loophole-exploiting Muslim-friendly financial products. Check this out: https://www.theatlantic.com/politics/archive/2014/06/the-city-that-offers-sharia-compliant-loans-to-muslim-business-owners/431079/ You can also do VC (mudarabah), cost plus pricing (murabahah) and weirdo equity thingies (sukuk), and plain equity stuff in halal companies
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Feb 15, 2018 21:56
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