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I’m an econ major
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Mar 30, 2018 17:17
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normal contact posted:I’m an econ major  Went all in on crypto or a more mainstream form of gambling?
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Mar 30, 2018 17:24
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Xenocides posted:
Short term ETN and not for the faint of heart, though it (had) a big Reddit following because during the long bull market stretch it eventually turned in to something like printing money....until the opposite happened. This story is worse: https://www.marketwatch.com/story/xiv-trader-ive-lost-4-million-3-years-of-work-and-other-peoples-money-2018-02-06 Lost 4m in one day, 1.5m of which was friend/family cash (though I suspect not their basis).
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Mar 30, 2018 17:38
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Xenocides posted:
XIV, a financial instrument that was probably too complicated for most of the people trading it on Reddit to understand. It kept going UP for 7 years and then became worthless over the course of a week. https://www.marketwatch.com/story/xiv-trader-ive-lost-4-million-3-years-of-work-and-other-peoples-money-2018-02-06
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Mar 30, 2018 17:38
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Saeku posted:XIV, a financial instrument that was probably too complicated for most of the people trading it on Reddit to understand. So crypto but not crypto?
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Mar 30, 2018 17:39
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22 Eargesplitten posted:So crypto but not crypto? Think Crypto-nut mindset applied to a very complicated financial instrument. I.e. the worst of both worlds.
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Mar 30, 2018 17:41
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normal contact posted:I’m an econ major Also lol at "I can do good financial analysis". Whatever you say buddy...
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Mar 30, 2018 17:50
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One financial analysis, please!
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Mar 30, 2018 17:57
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Devonaut posted:One financial analysis, please! Analysis complete: dude's going to have to sell a kidney.
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Mar 30, 2018 18:04
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I have analysed the financials, and my conclusion is that you should put everything on XIV, then borrow another 1.5m and put that on XIV as well, and also short the loving VIX why not
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Mar 30, 2018 18:11
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Enchanted Hat posted:I have analysed the financials, and my conclusion is that you should put everything on XIV, then borrow another 1.5m and put that on XIV as well, and also short the loving VIX why not That last part is called risk management.
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Mar 30, 2018 18:27
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Sounds like he had a financial anal lysis instead.
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Mar 30, 2018 18:39
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therobit posted:Sounds like he had a financial anal lysis instead. I’ve always wanted to use that line, but never thought it would be understood! A cell lyses when an osmotic gradient causes osmosis to pull in more water than a cell’s walls can contain/the cell can pump out, resulting in the cell tearing as the internal pressure increases. This is part of why salt water fish can’t handle fresh water, because their cells are adapted to water will not enter their cells as readily.
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Mar 30, 2018 19:28
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I've been reviewing resumes for an accounting role at my company this morning. I am in love with the statement, "I know Excel, I can do good financial analysis, I can do accounting or bookkeeping." https://local.theonion.com/company-immediately-calls-job-applicant-upon-seeing-b-1819574706
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Mar 30, 2018 19:29
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19 o'clock posted:I've been reviewing resumes for an accounting role at my company this morning. I am in love with the statement, "I know Excel, I can do good financial analysis, I can do accounting or bookkeeping." IDGI. "Completely normal applicant sends completely normal resume to literal entry-level job opening in their field, THE TEMERITY!!!!"?
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Mar 30, 2018 19:36
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19 o'clock posted:I've been reviewing resumes for an accounting role at my company this morning. I am in love with the statement, "I know Excel, I can do good financial analysis, I can do accounting or bookkeeping." This is a good post.
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Mar 30, 2018 19:39
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hailthefish posted:IDGI. Comm majors get a lot of poo poo for having a worthless degree. https://youtu.be/_4OuAAM4v_Y I'm majoring in Communication Studies. 
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Mar 30, 2018 19:48
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crazypeltast52 posted:I’ve always wanted to use that line, but never thought it would be understood! Look bud it's 2018 there is at least one person on any given website who knows the thing you know, nothing is obscure anymore
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Mar 30, 2018 19:51
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It just feels like for what he needs (a lot of money quickly) that he may be overestimating his skill set. Sorry if I came off as snarky.
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Mar 30, 2018 19:53
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BigDave posted:Comm majors get a lot of poo poo for having a worthless degree. Ehh in my very narrow experience as a writing consultant, my comm. friends who want to get into the game are overall weaker at writing, grammar, and adapting to new formats than my English lit friends. I suspect this is because having to write about dead boring poets at the college level when you loving hate writing about dead boring poets teaches you to produce a satisfying deliverable despite your intense hatred for the topic at hand. Extremely relevant training when you're asked to say, produce marketing copy for a loving bounce house company (this is not a cry for help I swear) or have to deal with a picky client/challenging project That said merit will always vary based on the individual rather than the degree they snagged, especially with the countless resources online that let you teach yourself any marketable skill so I don't wanna hear any excuses! But yeah that post was funny because of how optimistic the "candidate" is about his entirely run of the mill qualifications
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Mar 30, 2018 20:00
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BigDave posted:Comm majors get a lot of poo poo for having a worthless degree. You can always look down on the political science majors.
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Mar 30, 2018 20:00
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Xenocides posted:You can always look down on the political science majors. PoliSci majors: "I'm gonna be a lawyer, then run for the Senate!"  Sure you are pal, sure you are.
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Mar 30, 2018 20:10
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Also my communications friends who showed absolutely zero follow through with anything related to writing projects or jobs did go on to find cozy positions in other fields A College Degree is A College Degree, etc. If you think the job market is tough, try going without a BA or BS...I don't like the rhetoric that hurf durf college is a bad investment because it encourages people who don't know better to lock themselves into lower wages for the rest of their lives (yes I know this doesn't apply to your rich cousin who didn't even finish high school, just going off of the dept of labor stats for average earnings based on level of education) KingSlime fucked around with this message at 20:18 on Mar 30, 2018 |
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Mar 30, 2018 20:16
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BigDave posted:PoliSci majors: "I'm gonna be a lawyer, then run for the Senate!" My 152 LSAT's gonna open doors and then you'll see
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Mar 30, 2018 21:02
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olylifter posted:My 152 LSAT's gonna open doors and then you'll see Side note: what's an actually good score for LSAT?
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Mar 30, 2018 21:27
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KingSlime posted:A College Degree is A College Degree, etc. If you think the job market is tough, try going without a BA or BS...I don't like the rhetoric that hurf durf college is a bad investment because it encourages people who don't know better to lock themselves into lower wages for the rest of their lives (yes I know this doesn't apply to your rich cousin who didn't even finish high school, just going off of the dept of labor stats for average earnings based on level of education) An unfocused person going into nursing/computer-touching/etc degrees can shrug and get a mediocre(compared to people who know exactly what they want and have the drive to get it) job in the field after they graduate. An unfocused person getting an English/whatever degree has no defined field their degree is for, which means they can't sleepwalk into a mediocre job like that - they'll waste more time figuring out what kinds of jobs they should even apply for, what those types of employers are looking for, etc. Even then they're still better off than if they'd hosed around doing nothing(or doing low-skill work) for those four years, since most jobs worth a poo poo want you to have a degree.
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Mar 30, 2018 21:39
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totalnewbie posted:Side note: what's an actually good score for LSAT? 180 is the highest you can get, so 170-ish is upper tier. Median score is 150, so that would be a equivalent of a 18 on the ACT, or 900 on the SAT.
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Mar 30, 2018 21:51
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totalnewbie posted:Side note: what's an actually good score for LSAT? Not having taken it in the first place.
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Mar 30, 2018 21:56
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FrozenVent posted:Not having taken it in the first place. Law school grad here, can confirm.
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Mar 30, 2018 22:46
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Ohthehugemanatee posted:Don't give our for profit college administrators any ideas. Back in the early 2000s, a friend of mine from high school decided to take classes at a for profit technology school to be a Helpdesk Analyst or whatever it was called to basically be a certified entry level hell desk person. He took out a loan for a decent amount of money to do it, then proceeded to tell us about how cool it was that their teacher let them just play Doom in class. Unsurprisingly, he never landed a job with his "degree". He made some bad with money decisions but also some sad with money ones too.
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Mar 30, 2018 23:40
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Strap in boys, I've got a bad one. This poor guy wracked up a bunch of credit card debt because he didn't close some joint credit cards he had with his now exgirlfriend. She went on a spending spree, but since she was an authorized user of the card there's nothing to really be done about it since he never removed her. Can't file a fraud claim because it was her card on his account and she signed everything. Guy is just gonna have to take her to small claims court. That's not the bad with money part, that's just the sad part (I mean it is, but not with this as well). This guy rents a car at $1100 a month to drive Uber. His car broke down, he can't afford to fix it because he has tens of thousands of credit card debt he has to sue his ex over (all his cards are over the limit), and he can't get a new credit card to just toss the parts on because right now he's using more than 100% of his available credit and has missed a few payments by more than a month so has like a 400 credit score. He's barely making enough to pay rent and eat after the rental car is paid for and is nowhere near being able to make the minimum payments on his credit cards. I'm assuming he used to have good credit because he has decent limits on his cards (he's got one with us with a $24k limit). I tried to explain to him that this isn't going to work and he's going to keep getting worse and worse in debt and that he has to change something because I can't just "stop" charging him interest to let him catch up. There's more to it, but honestly the guy is good guy and is just dealing with some poo poo. Isn't listening to reason though because he refuses to quit Uber because then he'll be "unemployed."
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Mar 30, 2018 23:59
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Shame you're not allowed to give him advice, because he seems like he needs a WFH job. Pizza Hut has a gig economy WFH pizza order taking call center type thing now. At least then he wouldn't have to spend $1100 a month on renting a car.
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Mar 31, 2018 00:22
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Volmarias posted:their teacher let them just play Doom in class What do you expect when you are in class to learn about working hell desk
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Mar 31, 2018 00:42
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A class on which liquors give you the most alcohol per dollar.
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Mar 31, 2018 01:18
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Reminded of how some of my co-workers (all middle-aged women besides myself) in administration were talking about the difficulties of finding a job when they have to compete with younger people with degrees. My reply, lol, don't loving worry, nobody's hiring all those kids with degrees when they can get someone with years of experience who can walk into the job and already know what to do, because nobody wants to train anyone anymore.
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Mar 31, 2018 11:20
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22 Eargesplitten posted:Shame you're not allowed to give him advice, because he seems like he needs a WFH job. Pizza Hut has a gig economy WFH pizza order taking call center type thing now. At least then he wouldn't have to spend $1100 a month on renting a car. I can give little bits of advice, but I try to stay the hell out of people's poo poo because it can turn into "my bank told me that you were ripping me off!!!!!" real quick. I joke around with my friends that a lot of my job is listening to people vent about stuff, so I'm basically just a bartender in expensive shoes.
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Mar 31, 2018 13:33
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22 Eargesplitten posted:Shame you're not allowed to give him advice, because he seems like he needs a WFH job. Pizza Hut has a gig economy WFH pizza order taking call center type thing now. At least then he wouldn't have to spend $1100 a month on renting a car. I’m guessing a WFH call gig job would actually be “working” and people who drive for uber don’t like to actually “work”. Uber has no boss that tells you what time to be there, how to dress, you don’t have to shave or even shower and you can talk on the phone the entire ride. Ive had some uber drivers that are doing it to supplement another job, I’ve had a few that are probably immigrants that have difficulty landing another job, but I’ve had a lot that make me think they don’t want a real job and want to just drive around all day with no responsibilities.
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Mar 31, 2018 14:30
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Cacafuego posted:I’m guessing a WFH call gig job would actually be “working” and people who drive for uber don’t like to actually “work”. And has been gone over obsessively in this thread, Uber is all about deferring costs. If all you look at is the next month, Uber isn't a bad deal. It's not a great one, but it isn't bad either. Easy work, ready cash, crippling obligations and expenses further on down the road. Ironically, Uber the company is run in much the same way. Whether it's long term revenue trends or how many LIDAR cameras you need on an autonomous vehicle. If it works today, why worry about tomorrow.
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Mar 31, 2018 14:57
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Solice Kirsk posted:I can give little bits of advice, but I try to stay the hell out of people's poo poo because it can turn into "my bank told me that you were ripping me off!!!!!" real quick. I joke around with my friends that a lot of my job is listening to people vent about stuff, so I'm basically just a bartender in expensive shoes. You’d be surprised how expensive good restaurant industry shoes are
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Mar 31, 2018 16:50
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Senor Dog posted:You’d be surprised how expensive good restaurant industry shoes are Most people would be surprised at how much money bartenders and waiters make at high end restaurants as well. Pulling in six figures after tips isn't out of the ordinary for them.
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Mar 31, 2018 17:15
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