501–510 of 744 posts
I am not very well versed with direct stock investing. The risks are just too great for me.
* Act as a standby for dish pits at the local restaurants - filling in only when someone doesn't show since I don't want to take what could be a lifeline job for someone AND having a standby like me means they can keep their job instead of just being a no-show * Write articles for other people - usually on topics I really don't have a lot of knowledge or feeling about to start. * Mow lawns - I'm allergic to grass. Bu…
> Labor - the harder the better how/where do you find such work ?
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How do you get clients for this kind of work and about how much do you charge? This sounds pretty laid back and potentially lucrative
That my friend is the secret sauce. My first job out of school was for a staffing company that pimped me out to perform similar projects. Word of mouth mostly, it's very lucrative if you have domain knowledge and can sit for long periods of time. It's not Mechanical Turk style cleansing and I have to take personal responsibility for every row as they mostly just suck up my cleansed data and roll with it, which you ca…
It can be tedious sometimes but boy it did pay well. I stopped as I decided to get back into the workforce instead of going solo.
In addition to regular index fund investing I trade options sometimes. Been doing it for about 6 months now and I'm up about 90%. I am a lot more conservative than most options gamblers but it's still pretty risky. I put all my gains into high earnings stocks (currently buying STX and LYB) and at this point since I've almost doubled my principal, I could lose basically all my money currently allocated to options and…
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Do you live in the US? In my state (wa) you need to be licensed as a dealership to do this legally and I hear this is the case in all the other states too.
I find it surprising that the US is seen as strongly free market when things like this crop up all over the place. Here's a video of someone failing to get pricing in advance for a medical procedure and an article about how many simple tasks need licences. The fact that a lot of areas only have 1 broadband provider blows my mind. https://www.youtube.com/watch?v=Tct38KwROdw https://www.economist.com/leaders/2018/02/17…
I did a coffee kiosk once. It went well, but required a large amount of energy and focus. We did a little twist on the business model. Starbucks sells nice places to sit down. We sold drugs. The model, from logo design to promotions, was designed to create a habit loop where people would get their morning coffee from us. It was so profitable that I seriously considered making it my full time career, expanding cafes a…
Did you consider paying more than minimum wage? I wonder if a higher wage would enable you to expand your talent pool to folks who would enjoy slinging coffee a couple days a week on the side to improve their situation while actually finding it fulfilling work. The math does seem fixed, there is only so much time in the day and the inputs have fixed costs, but if you can get it all well tuned to the point where effor…
We weren't competing with other cafes. We were competing with cigarettes. We aimed to be daily, unlike Starbucks.
Our key metric was quantity: 1. The more purchases they make, the more the lock themselves into the habit loop. 2. More quantity means we could negotiate cheaper prices for beans, cups, marketing, etc. 3. The main factor for quality was bean freshness. If a bag is opened for more than an hour, it rapidly loses 70% of its flavor. The faster we go through a 1kg bag of beans, the higher the quality of the next cup. 4. By selling 100-200 cups a day, our baristas skill up far better than those selling 30 cups a day.
Unfortunately, this process requires little skill other than the team being charismatic and pulling in more loyal customers. The race to the bottom is part of the business model. With food & beverage, you start at 20% profit margin and save money by controlling the supply chain (roasting, etc).
The system let us create a better product than the competition, but we couldn't really charge more because the target market just didn't have the money.
I licensed my house as a winery, and run a hard cider company with my girlfriend. We sell to some stores in our area, and do our local Farmer's Market during the summer. It's been very satisfying making and selling a physical product. The profitability part isn't quite there yet. But we're working on that.
In addition to regular index fund investing I trade options sometimes. Been doing it for about 6 months now and I'm up about 90%. I am a lot more conservative than most options gamblers but it's still pretty risky. I put all my gains into high earnings stocks (currently buying STX and LYB) and at this point since I've almost doubled my principal, I could lose basically all my money currently allocated to options and…
This is great. Any good resources to learn informed investing?
I read some finance textbook when I was just starting out, I think it was "introduction to derivatives and risk management". That helped too. It's a good, gentle introduction to derivatives and you can skip most of it unless you want to work for an investment bank.
I think the best way to learn is to just watch stocks overtime, and read up on the news relevant to them. That's really why I play with options, it keeps me plugged into following the movements of a bunch of different stocks, so I learn a lot about what makes them behave in certain ways. Definitely stay away from paid classes on investing or trading, those are almost all scams - if a "successful trader" has to teach paid classes they're not actually successful. And re: my strategy of trying to identify short term movements that make something under/over-valued and hoping it will correct, just realize that sometimes the market can stay irrational longer than you can remain solvent, and sometimes you just need to take the loss and get out.
One more thing I forgot. When I refer to "news" I mean real news. A lot of financial news websites are complete bot-written vacuous garbage. Real news is things like deals happening or falling through, large orders, interest rates, lawsuits, recalls, earnings, trade deals, etc.
emergency doctor
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site is called hacker news. guess the number of females here.
With such a warm welcome, I'm shocked more "females" don't post herel
I am doing IT and programming at the same time, I don't see a single girl doing IT or programming at the companies I work with (SMBs) doing anything close to hackernews material things other than graphic design or social marketing.