>>1023285
Invest 10 million into a diversified account that gets a 5 percent return per year / pays dividends and live off of that. Use 5 million to invest in businesses / real estate. Use the other 5 to buy house cover expenses for a long time.

>>1023285
try r9k for all your daydreaming posts.

Buy houses to rent out, hire a guy to manage the renting operation so I never need to worry about it or deal with any of the people living there or making sure that the house is up to snuff, retire for life.

Easy.

>>1023277
don't.

>>1023280
Why not?

>>1023282
Open an account and invest on your own. Plenty of free info out there. Paying someone to manage your money is a net loss, they can't get you a better return.

>>1023190

They gained all the servicing and originating fees. The government purchases nearly all residential mortgages it's a moral hazard and a win win for banks.

>>1023190
do some sub prime lending yourself and you'll see.
go on lending club and check out the sub prime borrowers.

higher failure rates sure but also a much higher tolerance for failure rates.

$1000 at average rate of 16% apr vs
$1000 at average rate of 7% apr

at 25$ per loan thats 40 loans

year end 1070 vs 1160 no failures
1043 1 failure vs 1044 4 failures
1016.5 2 fails vs 1015 5 fails
989.75 3 fails vs 986 6 fails

total failure rates of 2.5 and 10, 5 and 12.5,...
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>>1023190
And if you were the bank, you just securitized it and sold it off to some other sucker, hoping that some city's pension fund got holding the bag when the shit hit the fan.

The incompetence part came when the banks themselves failed to realize that their hedges against the risk of being the bagholder were effectively contingent on everybody's hedges working. If the bank on the other side of the trade fails, your bank was fucked too.

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only autist can remember everything but rent 12 * 405€, groceries maybe 12 * 170€, alcohol 1000€

based finnish govt gave me all the money for those

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>>1023093
$970 for groceries? The fuck? Even foodstamps gives you $200 per month. That's more than your groceries and restaurants combined.

Your problem is your motherfucking car. Move closer to work or get a job you can take public transit to work. You spent $8500 on just auto crap. A fucking bus ticket is $50 per month.

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I just did the major categories, for giggles.

Taxes $274,000
Charity $202,000
Home Repair & Remodel $24,900
Utilities $5,100
Business Expenses $4,700
Groceries $4,600
Insurance $4,300
Auto $4,300
Household & Gifts $3,000
Dining $1,650
Medical $750
Motorcycle $550
Running $510

Who fucking knows man.

Try the internet.

>>1023069
wikipedia.org

go to sites like wall street oasis and other prep sites. They have loads of manuals that will debrief you and other prep materials. There will also be loads of kids in your position chatting abt the same thing.

>>1022969
you really think dog is gonna make it?

>>1022969
you know sanders is gonna win it right?

Put your life savings on Jeb Bush

Bovada works in US.

>>1022961
Oh, but you will be "investigated" if you drop more than $250, which could mean they'll just stop the bet due to you being from the US

>>1022954
Go buy a bunch of 22lr ammunition. Cash in when Hilldog gets elected.

>>1022926

$20 million*** incentive injection

You'd be a madman not to sell sell sell.

>>1022931

Please explain your rationalisations. And thanks for replying

>>1022882
Not fucked at all.

Just learn a trade, apprentices get $40/hr starting and after you finish your apprenticeship you make $100k starting minimum.

>>1022887
Motherfucking kek

any real advice?

>>1022887

okay brah

>>1022867
The real question is why would you but a company that manages $15 MM in revenues but is willing to sell you the entire company for only $2MM.

>>1022874

The owner is old and just wants to retire + we have a good relationship with him.

Pretty much what this dude said, 19 year old college student here with literally no business knowledge, don't even know what the fuck a memorandum is but I can tell you that 15 MM profit is BS.

My mother always told me, if it's too good to be true, it probably is. Listening to this would of saved me alot of hard lessons in life.

I'm just saying, this sounds kind of fishy. No matter how good of a relationship you got, get legit papers, research everything, know what you're getting into, because this just sounds really fish unless this dude loves...
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Also what do you guys think a good undergrad path would be, I was thinking economics.

>>1022865
At your age college isn't worth it.

>>1022878
Why? I am not going to continue working the heavy lifting I do and completely destroy my body. I've already wrecked my shoulder, it's only @ matter of time before the rest falls apart.

All of the quants I know have PhDs. I'd not heard of "quant" being used outside of that echelon.

>>1022806
It's rare, but definitely happens. Many sell side firms (GS, MS, Citi definitely) and some buy side firms like PDT, AQR, and Jane Street hire undergrads as quant researchers.

>>1022803
What are your hours?
How much of your time is spent testing versus creating a new algo?
What was your undergrad in?
How tight is the leash they have you on?

>>1022792
>Revolution in KSA over some Shi'ite.
lol no.

>>1022798

Maybe "revolution" isn't the right term since it implies something that originates from within.

But SA has been asking for it for years, and I think this time they may have gone too far.

>>1022799
I don't think there will be Amy repercussions. Saudi Arabia is already fighting two proxy wars against Iran in Yemen and Syria. How much worse can relations get? If anything this act could be seen as an olive branch to the KSA's internal Wahabbist religious leaders who consider Shia Muslims to be apostates.

>>1022775
Neither. Take 5-7k and open a margin account with a reputable broker. Take a third of that and put it monthly dividend stocks trading between 10 and 20. This will help you build capital and these are pretty much always a fund of some sort so you'll be getting market exposure anyway. Don't do anything else until you really learn the market. Learn to read a chart, learn to read financials, learn to screen. Start a watch list of things you know about, things you're interested in, things others are talking about. Don't buy shit. Watch what they do based on news, catalysts, earnings calls etc. Learn how the market fluctuates based on this criteria and also on human emotion. Learn the types of orders. Learn what kind of volatility is implicit in what kind of volume. Learn that volatility is everything. Learn that the trend is your friend. Just learn and never stop.

Once you feel comfortable THEN get your beak wet and only do it in small amounts to start with. Like never more than a third of your capital. You can go bigger when you're smarter. I'm telling you this because everyone gets burned early and you will too. Better to know what you're doing so that it doesn't hurt too bad.

>>1022839

listen to this guy.

i got burned my first month trading by being too naive and arrogant at the same time. also, don't fool around with penny stocks.

>>1022839
>>1022850
this is great information. i'll be very cautious going into it. no penny stocks, and I've got a broker in mind that my parents have used for decades.

I like the idea of taking a third and putting it into dividend stocks, so I can learn to read the charts, and watch the trends. I need to do more research about volatility and where human emotion plays a role.

I know it's a foregone conclusion I'll get burned. I just wonder...
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>>1022689
Become a drug mule.

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Hijack some nukes and hold the world hostage.

/r/wallstreetbets