Message from @Washington
Discord ID: 450848782113046558
Keeping an eye on this. Real potential. ^
Sonos IPO also looks promising.
Btw, if any of you are students, sign up for the Wall Street Journal. Worth it.
I’m graduating with a degree in finance next semester and we’re actually required to sub to the WSJ. Get asked questions about it by professors all the time.
Isn't there ways to get around the paywall?
@ophiuchus Oh wow. Hope they're at least paying for it.
I subbed to WSJ when I was a student, then unsubbed the same month after the constant anti-trump articles during the run-up to the presidential election.
Just don’t pay attention to their political pieces
@Jacob yeah if you archive the URL of the article you are trying to read then you can read it no problem
(((WSJ)))
It's ok
I study it at times.
Finance section is useful for work. Read up on "Off Duty" for conversation tidbits. It's a good way to gloss over a broad array of topics.
https://www.crunchbase.com/lists/recent-funding-rounds/f535c118-e157-443a-bb64-46bff7dfbe40/funding_rounds
Great way to check out new companies.
Over all, 76 percent of the companies that went public last year were unprofitable on a per-share basis in the year leading up to their initial offerings, according to data compiled by Jay Ritter, a professor at the University of Florida’s Warrington College of Business. That was the largest number since the peak of the dot-com boom in 2000, when 81 percent of newly public companies were unprofitable.
<https://mobile.nytimes.com/2018/05/16/technology/moviepass-economy-startups.html>
Is anyone here into advert buying? Like on youtube, instagram, facebook, etc?
anyone here experienced with generating passive income?
Which is essentially my question with ads
@NeoRealist Yeah, IG and Facebook. Used to work for an Ad Agency and do marketing for a RE brokerage, so that was a lot of my responsibilities.
pm please
Better question: Does anyone know how to get into and go about buying social media accounts for ad revenue?
@NeoRealist I'm curious, how does buying social media accounts translate into ad revenue?
Private companies pay you to put their ads on your page since the page you brought has a large following, thus more people who will see the ad and click on it if interested
Or, the social media platform just has a ticker for how many clicks the ad received, and through their conversion process, gives you a cut of the revenue they and the company are willing to provide to you
That's awesome!
@here I need help figuring out how much it costs to hire an employee compared to their "salary". Like if I hire someone for 100k salary, I also have to pay some taxes on my side like Social Security, Medicare, Unemployment. It seems like a lot to calculate and I imagine there has to be a reference table where I can look at the "sticker value" of an employee and see "the actual cost" that accounts at least for the taxes the employer has to pay that the employee doesn't see.
@Zyzz ^
was listening to some stuff around YouTube, was caught off guard by this guy 😅
I understand this is far too long for any of you to probably watch in a reasonable time frame, but basically he discusses the major conflict of interests between the markets and those who use them
Those of you who have a better understanding of the financial sector, would you tend to agree with his analysis of how essentially the 90/10 is perpetuated by the IB's/Brokers themselves because its nothing short of a racket?
I feel like I just took the financial red pill 😅
I'm interested in what this guy's end game is though.
Interesting discussion from /r/PersonalFinance:
50% of the boomers have less than $100K saved for retirement. 76% have less than $300K.
Source: <https://www.fool.com/retirement/2016/12/17/baby-boomers-average-savings-for-retirement.aspx>
"My wife uses this statistic to argue against putting more money away for retirement. Her reasoning is that very few Americans have saved anything. The government can't let tens of millions of elderly starve, so they'll tax the people who have saved to cover those who have not. She says it's better to live large now rather than be frugal and then have our savings go to someone else."
That's why I support keeping some savings outside of the traditional banking system.
The living large thing I definitely disagree with but if you just use traditional retirement options you're probably not going to be very happy when you're ready to retire. Personally my plan is to slowly transfer my wealth to my children before I die to make sure that I can teach them responsibility and also hopefully avoid as much taxes as possible. I want to die a poor man with a rich family.
@Tanner - SC i highly highly doubt they will ever tax net worth or savings. None of the financial elites will allow that to happen. no way in hell
There's no telling what they would do in a crisis. The elites will find a way to protect themselves. I'd honestly be most worried if you were relying on any sort of government pension or savings program but who knows what they would be willing to do to prevent food stamp riots.