Wall Street here. I work in high finance as a portfolio manager. Ask questions bros, will answer. Post of my office is Closeted trump supporters
Shiet I'm mostly a /fit/izen don't need the trip
>>73867349
>cheap vodka
>no cocaine
disbelief
>>73867349
Not even sure what you are trying to convey?
Are you drunk right now?
>>73867402
>>73867421
Not drunk, on vacation this week (well forced leave because I have to be out of the office for 10 days every year)
Haven't done coke in a month. I'm xanax and oxy crew tonight
>>73867349
how many millions do you keep away from your government each year?
Well let me start it off right. Esentially it's all a con. Goldman sachs for example just recently started letting anyone who is not UHNW (ultra high net worth) open accounts because their strategy used to be fed to goldman goldman to fed and being ahead of fixed income (bonds) and interest rates. This worked until it didn't (now). In 200i, European banks had a very high ratio in leveraged positions which was typical and worked till it didn't (shit hit the fan, many obligations never got paid)
>>73867349
>wall street
i thought you all would've wanted hillary to win
>>73867564
There are so many fucked up loopholes. I know everything gets written off. Hell, there's a service team for the financial advisors that sign up clients for e delivery which eliminates paper mail, so quarterly and monthly statements, shareholder communication, tax documents, confirms and notices- saving over $10 a client per year, which comes to millions a year. This still gets written off as a business expense
>>73867652
Nah, most of my managers are self made guys who hate the system even though they've made millions in it. We're just as fed up with the regulation and would rather see it crash and burn. Naseem talib wrote a good op ed in Wsj explaining that the establishment doesn't get that what Americans really want is for the establishment to burn
Imagine this: you're a fund manager with 1 billion in a 20 billion dollar company. You short that company (bet it will go down) and pull your position on a down day, slowly but surely momentum will ramp up as well and you made a ton of money by fucking that company over- especially if this occurs compounded with negative news like poor quarterly earning. Koch Brothers are right- our system is a slave to corporate earnings and not actual productivity or viability. Banks like deutsch bank cut thousands of jobs to buyback stock to make themselves look pretty only to prolong the inevitable- in which time the bosses can pull their positions out and fuck everyone else
>>73867850
>>73867850
>We're just as fed up with the regulation and would rather see it crash and burn.
Would it?
How accurate was the movie 'Inside Job' in talking about the GFC?
Also, do you / coworkers ever feel guilty for fucking people over or is it all just 'nothing personal, its just business'
>>73867349
how many greeks can you name, and what do they do?
What is a portfolio manager?
Also, if I wanted to understand money, where should I start? A book on economy perhaps?
>>73867349
What's the lowest price you take for selling out your own grandmother?
>>73867349
Do the Jews really run wall street (jewish goldman sachs)?
>>73869498
Basically when you have a managed portfolio of holdings, be they stocks bonds reits mlps whatever the fuck you want, someone has to manage what goes into it. Then some shills (advisors) convince clients to get into a managed product and I'll put them into one of 5 segments predetermined by their "risk and objectives "
>>73869622
Good place to learn? Learn what a 401k is and a Roth is and the taxable implications. Learn what an ETF. The best possible way to learn EVERYTHING there is to know is to study for the CFA.
>>73869654
Yes and no. A lot of jews yes but they don't really run it all. All the banks compete. Goldman isn't what it used to be. JP Morgan is sitting pretty and UBS has the arguably the best balance sheet. I'd say there are a disproportionate amount of jews at the tip top though but tons of white anglos, germans, and guineas interspersed
>>73868224
Never saw the movie. Global financial crisis was very complex but from my understanding the movie focuses on a segment of hedge funds that realized the fuck up and bet against it? Part of the reason shit hit the fan was because people bundled bad mortgages with good mortgages and sold them in tranches. Higher tranches earn less but get paid out first. In theory, this works to mitigate risk and sounds wonderful on paper but then when you have assets coming in being triple leveraged for other shit and suddenly those shit loans fail and you can meet obligations, poof goes the veneer
I don't think anyone realized how in over their own heads they were or how it would implode
>>73867349
Will the stock market crash again like 2008?
Is the dollar going to collapse and the chinese yuan take it's place?
Will bail ins really happen and fuck savers?
>>73868224
Also, I'm not fucking anyone over. I basically grill fund managers and stock relation teams about their balance sheets and management and have them try to sell me on why we should put a part of our managed portfolio in their bullshit. The advisors who convince their clients to use the portfolio are the ones doing the fucking if it's inappropriate. In my view, evaluation has made it all inappropriate and bullshit because it's not about what the client wants anymore on the retail level- it's about asking you predetermined compliance questions and sticking you in a segmented portfolio based on some bullshit time line for you, how much risk you want, your objectives, and your liquidity and then making sure the return is "within expected bounds". Now if you're institutional (rich as fuck) you can play for real and do some fun strategies that let you jew the system
>>73867349
Hi. :3
Do you like qts?
>>73867850
What? Why would high earners want their money machine to be destroyed?
>>73867349
What do you do for fun? How old is too old to start in this business?
>>73870384
>>73870384
Worst case technical scenario for s&p is 1600, but we are due for a major drawback. U.s. stocks have only been going up due to capital flight from euro zone and emerging markets and corporate buy backs on a scale pre tech bubble and pre housing bubble- signs are all there. In terms of debt to equity it all looks good but interest rates are going to be the catalyst this time. Bail ins are being seriously considered and personally I am extremely concerned. Can't comment on currency, not my area of expertise outside of shit you can easily read out wsj or Bloomberg and I can regurgitate but it's all speculation anywau
>>73870580
they all hate eachother and their jobs, you never seen office space ? they wanna see it burn
>>73870621
Ummm. Hello???
>>73870467
>>73870621
My crash prediction is end of August.
Am I right?
>>73867742
How many semites do you work with?
>>73870521
Because the system killed jesse livermoore. Markets were wilder and there was still more legitimate investment going on.
>>73870467
Yes I do. I used to be a neckbeard posting do you like mudkipz in high school staircases to /fit/ frat bro in college. My qt German gf just broke up with me and despite all the attention I'm getting from other girls, I feel alone and heartbroken and disinterested
>>73870521
Disdain for the government doesn't always correlate with earnings. We have seen our bonuses and earnings slashed to shit through regulation and many of us would rather be nationalists for America rather than see this globalist nightmare (which has also caused us to make less as Americans )
>>73870580
I'd say after 25-28 you're pretty much a dinosaur and it's not worth exploring. I like hiking, mountain climbing, being around animals (well swimming with bull sharks in Baja recently). I lift, take Spanish and German classes, and spending time with the family. Grew out of the coke and parties phase, focus on my health and being a decent person now.
>>73870888
I'm a very cute and submissive girl~
I'll do anything you want! :3
>>73867349
is there a broker to buy chinese bonds?
>>73867349
is bitcoin a good investment against dollar? does it work like gold/silver against dollar?
>>73870776
Who knows man. Market timing is dumb. It's going to happen soon, most likely Q3 or Q4. Central bankers seem to think they have perfected their little game of manipulation and can keep it going but we'll see. Corporate buyback blackout has started and China numbers are rolling out and some of the biggest talking heads are saying they make no sense and scream manupulation. BOJ policy backfired big time. U.s. consumer consumption has slowed down a lot. A storms a brewing. If you have any assets invested, go to cash and buy s&p500 ETF when everything has crashed and burned.
Why are people of your ilk cozying up to Shillary instead then?
>>73868573
They don't pay denbts that's for sure.
>>73867349
What order are you going to do on the day of the British referendum?
>>73871007
bitcoin is in bad shape. the development team is falling apart, and some rothchild owned hedge fund bought out where the team worked. there's competition with ethereum. there's too much regulation with bitlicenses.
>>73870074
>tons of white anglos, germans, and guineas interspersed
Masons. They're basically Jews anyway.
>>73867349
What do you think of Bernie Sanders?
>>73871150
oy veeey
>>73870954
No clue, not to familiar with retail brokerage options outside of domestic and ADR shit (American depository receipts- foreign stocks listed in America)
>>73871007
Does not work like gold and silver. Gold and silver are inversely correlated to equities. Bitcoin is oshitniggerwatrudoing tier because of how it flucuates Don't really have a good understanding of it as an investment. I do like the idea of crypto currency though.
>>73867349
whats ur thoughts on lsd m8
>>73870686
You sure you quoted the right person?
>>73870888
>'d say after 25-28 you're pretty much a dinosaur and it's not worth exploring.
>tfw 27 in 3 months
Hahaha, fuck. Oh well. Pa started a business in his early 40s so I'll jut have to clean up my act and find something to do.
> I like hiking, mountain climbing, being around animals (well swimming with bull sharks in Baja recently). I lift, take Spanish and German classes, and spending time with the family.
Nice.
>>73867349
Are you enjoying your work?
I'm thinking of going full jew and studying finance
How are your hours?
What would you short right now?
Have you ever shorted a stock because they hired a nigger/woman CEO?
>>73867349
what kind of music do you like?
how many prostitutes have you shaged?
what kind of apartment do you have?
do you agree that fiat money is fraud?
do you agree that corporations don't exist? being merely legal fictions that no one has ever met
https://en.wikipedia.org/wiki/Legal_fiction#Corporate_personhood
what can be done about White GeNOcide?
how much time do you spend on /pol/?
>>73871105
Ignorance. Most of the people I work with are not at the level I am. They believe what they read on the news. Which leads me to the next reply...
>>73871273
He's a moron. But anyone that thinks we have been living in a free market is disillusioned. Globalisms end game is "socialism" or collectivism or whatever the fuck you want to call it where monopolies are run by the people at the top and the people are lead like sheep. If trump isn't a plant and holds true to his word, he truly is what this world needs. Barbarians inside the gates (globalist cabal) yet we are led astray by every distraction you can think of. Liberals being pushed to accept refugees from countries Wesley Clark admitted we would invade to open up European borders so they can import a cheap labor force with high birth rates leading to high consumerism while controlling the abundant resources in their old lands and if they terrorize europe, using the state to further coddle the masses. It's all so insidious
>>73871634
What do you think about Hillary Clinton?
>>73871439
It has shaped the way I view the world and truly made me a better person but I don't partake anymore
>>73871473
Hey man, you can still do it. I would recommend looking into professional cerifications though like the CIMA or CFA if you're 27- will give you credo and help you break in at a better spot than the 22 year old fresh out and with daddy's silver spoon
>>73871479
Used to be shit. Still shit but I get paid a lot and live a nice life.
>>73871740
how come you don't do lsd anymore
What car do you drive?
>>73871538
>>>73867349 (OP)
>what kind of music do you like?
Gym music is usually trance, house, or rap. I also listen to a fair bit of American folk, rock, and classical music. Used to play violin so classical music became a thing for me back in the day.
>how many prostitutes have you shaged?
Quite a few. Quit doing that though.
>what kind of apartment do you have?
I live under my means but still a pretty nice spot overlooking union square with a doorman and all that jazz. Still 5k a month, which is insane considering I used to dig quarters out of my couch to buy chicken pot pies in college and worked 2 jobs to pay for college (including as a bouncer, being sober while everyone partied heavy feels bro)
>do you agree that fiat money is fraud?
As someone who studied economics and is an advocate of Austrian economics, you know my answer.
>do you agree that corporations don't exist? being merely legal fictions that no one has ever met
>https://en.wikipedia.org/wiki/Legal_fiction#Corporate_personhood
I think treating corporations as people is absurd but new rules in banking have changed that. Under the Volcker rule ceo cfo can be liable and face prison time for improper oversight. I think this should be extended to all corporations even though my colleagues would hate me for saying this
>what can be done about White GeNOcide?
Idk man. What can be done about all genocide in general? The globalists are destroying all cultures. There's a reason those Hindus worshipping trump today said he's humanities last hope (or what he seems to represent) it's not a white thing to me- it's traditional family values, cultures, a sense of belonging and religions that are being destroyed
>how much time do you spend on /pol/?
Maybe an hour or two on the weekend. A lot this week because I've been sitting on a beach doing nothing but working out, reading, and trying not to think about my ex while being surrounded by beautiful women. Love sucks.
>>73867349
are index funds overrated?
is diversification for normies?
do pros buy common stock or preferred?
are 401ks and iras for suckers?
is housing going to keep getting expensive?
>>73872182
Didn't the Austrians predict hyperinflation would happen by now?
Or are banks just hoarding money?
>>73871740
>Hey man, you can still do it. I would recommend looking into professional cerifications though like the CIMA or CFA if you're 27- will give you credo and help you break in at a better spot than the 22 year old fresh out and with daddy's silver spoon
Hmm. These can be made outside of an university context? And hey, thanks.
At worst this will allow me to delude myself a little longer, at best I found something new to do.
Thank you.
>>73871839
LSD is the kind of drug you can easily be "done" with. It tells you a couple things, then you move on.
>>73871839
I don't know, no more easy access, would never touch that 2c shit (did once, that metal taste, oh God). I felt like I learned a lot from it when I did it alone a few times. The last time I did it was with my brother and my best friends and we drank a bottle of red wine each in union square, ended up in Staten Island because we wanted to ride a ferry, tried to buy Crack and ended up smoking and eating 20 mg of Xanax between the 4 of us (we thought it would be smart to crush up Xanax onto a bowl). If I ever do it again it will be alone because my friends and brother are absolute degenerate maniacs
>>73871901
No car. NYC life. I want a carerra when I move to the burbs some day, hopefully get a nice little dog, a garden in which I can plant some ginger lilys and various willow trees, and maybe a nice wife or something.
>high finance
>drinks cheap vodka
sure thing faggot
>>73867349 (OP)
>>73871073
How bad is this crash going to be? What can we do as peasants to insulate ourselves from the inevitable meltdown? Also is it possible the crash could be of epic scale as never before seen?
>>73872371
Yep. There are some pre reqs to them, cfa you need either a 4 year degree or 2 years of industry experience to be a charter holder but it will probably take you at least 3 years to obtain anyway. If you want to get in, do it man. Also learn financial modelling courses. Wallstreetprep.com has a nice little course that will teach you everything you need to know for basics of hedge funds (dcf analysis balance sheets) or private equity/ investment banking (leveraged buyouts, m&a)
>>73872568
Alright. I'll see what I can do.
>Wallstreetprep
Nice.
>>73872431
if you ever want good acid go to the darknets
>>73872351
They are hoarding like crazy. Go look at JP Morgan and ubs' 8k (quarterly). European banks also increased reserve requirements.
If i start shitting blood does that mean i should stop drinking? if yes, how do i stop alcohol withdrawals from killing me
How long do you think i shouldn't shave to grow a beard? and is 300k too much for a 5.1 acre property?
>>73867349
Being a 30 year old neet who lives with his parents, this post makes me want to kill myself. What is it like to be successful? Do you travel around the world?
>>73867349
How is the Brexit referendum going to affect GBPUSD
Can you translate japanese to english? and english to japanese?
>>73872299
>>>73867349 (OP)
>are index funds overrated?
No, they have their value. Make sure you also look at heat maps /morning star because...
>is diversification for normies?
...in the last few years small cap growth outperformed everything else. Diversification is good but when done properly. Most people are better off buying Russell 2000 and sp500 in a crash and selling when "markets never been better!!!1!!!!"
People with money will hedge bets with puts and calls and have nice income producing investments like reits that spit off 7% no matter what from rental income
>do pros buy common stock or preferred?
Depends on what they want to achieve and where they would like to be as a creditor if the company defaults
>are 401ks and iras for suckers?
Nah, Roth Ira is better if you anticipate you'll still be making a ton in retirement but deferring taxes now is good if you make a ton now and think you won't in retirement. Considering social security will be fucked 401 and iras are even more important now. Most insurance is bullshit. Never take money from your 401k/ira before 59 1/2. Pledge the assets and get a credit line on it instead of getting taxed 10% penalty and ordinary income taxes
>is housing going to keep getting expensive?
Where?
>>73867850
I fucking hate Talib. He's an arrogant boring writer.
>>73867349
>closeted
Fucking faggots
>>73872182
classical is nice, rap is shit though. pleb
union square looks comfy, what do you make of the great circle alignment of Baltimore, Washington DC, New York, Baalbeck - Lebanon, Strone Henge, Mexico City, the national capital of Mexico; Mobile, Alabama; Atlanta, Georgia; London, the national capital of England; Lille, France, Stuttgart and Munich in southern Germany; Zagreb, the national capital of Croatia; Belgrade, the national capital of Serbia; Sofia, the national capital of Bulgaria; Beirut, the national capital of Lebanon; Damascus, the national capital of Syria; and Riyadh, the national capital of Saudi Arabia
probably accidental right?
http://home.hiwaay.net/~jalison/afterword.html
> I think this should be extended to all corporations
even the police forces, the courts and the country itself?
>The globalists are destroying all cultures
there will still be africans in africa, and asians in asia, it is only Whites that will be mixed out of existence
>traditional family values, cultures, a sense of belonging and religions that are being destroyed
only in White countries, they are fine in the middle east and asia
>Maybe an hour or two on the weekend
fucking lightweight, step it up
>>73868047
Yeah but corporate earnings are based on productivity. You can only get so cute with accounting and other tricks....and only for a limited amount of time.
Eventually if your running your growth on parlor tricks your going to be crushed.
should I clean my kitchen now(it's 10:47am) or shitpost for a bit longer? I have a visitor in about 4 hours
>>73870240
Yeah but trading paper is like playing hot potato. Wall st has always looked for a weak client to dumb their garbage on. This time it was the US Gov.
What are your thoughts on Milken?
>>73872967
my uncle raves about black swan, which sounds like a fairly interesting concept, but what the fuck is he gonna do a full book on explaining that sometimes everything changes?
>>73872436
Just for your edification, that picture was from my first job in finance. It was a chop shop that paid me 15 dollars and hour and I had to work a second job to afford to get to work. I used to be on the verge of tears daily because of how broke I was and my dad lost all he had in 2008. I used to drink shit vodka at my desk all the time and I keep a pint of that brand in my desk to remind me.
>>73872473
>>>73867349 (OP) (OP)
>>>73871073 (You)
>How bad is this crash going to be? What can we do as peasants to insulate ourselves from the inevitable meltdown? Also is it possible the crash could be of epic scale as never before seen?
Dunno man. I don't think anyone knows the scale of these thinks. Maybe we'll have a world war maybe we'll go out with a wimper...washed away, like tears in the rain. Anyone who says they know is lying or illuminati lol
>>73872754
>How long do you think i shouldn't shave to grow a beard? and is 300k too much for a 5.1 acre property?
Depends on you, what's the time value of that money and your trade offs? I haven't shaved in 3 weeks, looking grizzly. My brother said Rogaine worked to bring in a beard for him but I'm hairy as fuck.
>>73872708
>If i start shitting blood does that mean i should stop drinking? if yes, how do i stop alcohol withdrawals from killing me
Taper off and use benzos. Alcohol withdrawal can actually kill you. Delerium tremens it's Called? I had to be but on clonazepam to taper off because I used to drink when I was broke and in the dumps
>>73867349
salary?
how much do you steal?
Too many jews in Wall Street?
>>73870443
Its all assets under management and products. The actually ROI in those products is pretty garbage. It sounds like you just sit in a bureaucratic middle-man type position.
>>73873301
>It was a chop shop
whats this?
>>73870621
How fucked up is it for your industry that bernie sanders wants to slap a 50% speculation tax on you guys and then use that money to send millennials to mediocre colleges to earn degrees in gender studies?
Ever had any gay encounters?
>>73873122
>>>73868047
>Yeah but corporate earnings are based on productivity. You can only get so cute with accounting and other tricks....and only for a limited amount of time.
>Eventually if your running your growth on parlor tricks your going to be crushed.
That's exactly what the Koch brothers mean. Hell look at how some companies report subscriptions- recognizing all before it comes in. Sheisty jew tricks to make it look all comfy for the dumb dumbs
>>73873086
>>>73872182 (You)
>classical is nice, rap is shit though. pleb
B-but it gets me so pumped up
>union square looks comfy, what do you make of the great circle alignment of Baltimore, ...Sofia, the national capital of Bulgaria; Beirut, the national capital of Lebanon; Damascus, the national capital of Syria; and Riyadh, the national capital of Saudi Arabia
>probably accidental right?
Complete coincidence
>http://home.hiwaay.net/~jalison/afterword.html
>> I think this should be extended to all corporations
>even the police forces, the courts and the country itself?
My personal views are /pol/ tier. Lynch them all race war/ war on the normies now.
>>The globalists are destroying all cultures
>there will still be africans in africa, and asians in asia, it is only Whites that will be mixed out of existence
I like hiding at work and not having to see the horror that is reality. In my world almost everyone is conservative and traditional
>>73872763
>>>73867349 (OP)
>Being a 30 year old neet who lives with his parents, this post makes me want to kill myself. What is it like to be successful? Do you travel around the world?
If you read my other posts, I've alluded to how bad my life sucked. I overcame social anxiety, lack of discipline, the tunnel vision of no hope no motivation...it feels good man, it truly does; I truly hope other Bros here can make it. I travel...it's nice to see other places
why does my commit charge show 14/15 when my physical ram shows 3gb free?
>>73867512
still doesn't explain why you're drinking cheap vodka if you're rich. i wouldn't drink that shit if you paid me and i'm poor as fuck
>>73873293
The point of the book. And I read it. Is basically to state that he is indifferent to what the market is going to do next. That he is more interested in...
Lets say he thinks the market has a 30% chance of dropping....But IF it drops he thinks it could drop by 20% in a short period of time.
It a philosophy of not whats going to happen next per say but HOW its going to happen.
He usually employs some type of options strategy to bet on the probability of that 20% drop so that he is hedged against the likelihood it will not happen.
>>73873387
If that's how you want to see it sure. It pretty much goes equity research to investment management or hedge fund and the end game is portfolio manager. I've made it to my end game short of owning my own hedge fund or something.
>>73873645
I was molested as a child if that counts
>>73873974
I don't like vodka in general. Just a token reminder of a different time in my life. I'm an oban guy
>>73873450
A shoddy brokerage house where they help young ambitious idiots get into the industry while using them as workhorses to drum up business one way or another.
>>73873868
I lived in NYC as a trader for 8 years. We should hang.
A /pol/ bro who knows the markets. Basically right up my alley.
What do you do about that smathering of shitheads always hanging out in the park.
Niggers, ex-occupiers, etc. I fucking hate that spot.
No upper east/west or Bk?
>>73874269
do you like initial D?
are naked puts followed by covered calls a good strategy?
>should I clean my kitchen now?
damn, I should just do it
>>73874013
I might give it another shot then
>>73874414
https://www.youtube.com/watch?v=Gah8FnYSypk
>>73873235
>should I clean my kitchen now(it's 10:47am) or shitpost for a bit longer? I have a visitor in about 4 hours
Find some vicodin, masturbate until it goes limp, wonder what you're doing with your life, don't clean, ignore the doorbells, and drink Magners because you're probably in the UK (forgot to check flag)
>>73873369
>>>73867349 (OP)
>salary?
>how much do you steal?
Base is 190
Bonus is over 400 last year. The last thing i stole was a copy of guns germs and steel from some nyu bitch I fucked. She doesn't need to be reading that propaganda
>>73873516
>>>73870621 (You)
>How fucked up is it for your industry that bernie sanders wants to slap a 50% speculation tax on you guys and then use that money to send millennials to mediocre colleges to earn degrees in gender studies?
Please just kill me now
Is there anything doable to stop high finance destroying the world and the people ?
Is it better to be a hot shot investment bank trader, salesperson, investment banker, or portfolio manager (whether at a bank or asset manager)?
Is your job interesting and do you enjoy it? Are your earnings / promotions based on performance or only social skills?
How do people have meaningful hobbies when they work many hours a week? When I worked 9-5.30 on weekdays, plus went to the gym four times a week, I had barely any free time except weekends.
How do people get their own hedge funds? Where does the capital come from at first?
>>73874366
I would be down. I fucking hate it but then again I'm only there to sleep and I can't see those nig nogs from the 18th flood, I'm looking into moving to upper east soon. Union square is nice for the meatpacking to union square factor for pulling bitches. What do you do now?
>>73874527
What are your thoughts on all these tech unicorns?
Paper billionaires etc...
Is it a asset bubble?
>>73874527
what's your degree?
>>73874640
If you go far east like 1st ave or further you could get a good deal and be set when the 2nd ave subway opens.
Im in advertising now. I fucking hate it. Kill me.
Im out in the hamptons for the summer. Steve cohen's hedge fund is like 5 minutes from my place. I wanna lurk there so bad
>>73874572
>Is there anything doable to stop high finance destroying the world and the people ?
Gas the kikes race war now end usary
>>73874601
>Is it better to be a hot shot investment bank trader, salesperson, investment banker, or portfolio manager (whether at a bank or asset manager)?
Depends on what you like and what you're good at. All will make you money. Investment banking doesn't pay like it used to nor does trading. Financial advisors kill it if they can get established. Portfolio management is also fresh and also kill it depending on who you work for. Internal wholesalers kill it as externals (minimum 500k nyc area)
>Is your job interesting and do you enjoy it? Are your earnings / promotions based on performance or only social skills?
I do truly enjoy it. I love the research combined with social aspect. As someone who used to be a socially inept sperglord, it feels nice to do mental gymnastics with bro idiots who got into the industry. My earnings depend on performance.
>How do people have meaningful hobbies when they work many hours a week? When I worked 9-5.30 on weekdays, plus went to the gym four times a week, I had barely any free time except weekends.
I go to gym 5 am, work by 7. I don't know, I'm always on adderall.
>How do people get their own hedge funds? Where does the capital come from at first?
Knowing a bunch of rich assholes who trust you and can introduce you to other rich assholes. A buddy of mine is inheriting 150mm and wants to start a private equity shop with me some day...who knows.
Oh yeah, and how much easier is it to get women when you're well off?
>>73867349
>wall street here
>high finance
Off yourself my man. I'm surprised people who say things this cringy manage to land Wall Street jobs.
>>73874697
>>>73874527 (You)
>What are your thoughts on all these tech unicorns?
>Paper billionaires etc...
>Is it a asset bubble?
One waiting to burst. Next big crunch and it's going to all hell in my opinion
>>73874772
>>>73874527 (You)
>what's your degree?
Financial Economics (econ with accounting and finance classes) with a cfa and cmt on my own time after.
My wife's son is voting Bernie Sanders, you should be ashamed
>>73874921
>Oh yeah, and how much easier is it to get women when you're well off?
Good women? Difficult. Dumb whores who troll the meatpacking district looking for a dude in a suit wanting to do bumps off your cock? Easy.
>>73874940
>>>73867349 (OP)
>>wall street here
>>high finance
>Off yourself my man. I'm surprised people who say things this cringy manage to land Wall Street jobs.
It's just a fucking job, not a golden grail "my man". High finance is how you would describe it, it's not financial planning or retail banking.
>>73875241
how old are you senpai
Is bloomberg terminal overrated? Does it have secret research?
>>73874940
Egyptian Homosexual detected.
>>73874903
I'm looking at my boys place on 69th and 3rdish? He moved to Phillipines with his Filipino mom after his white dad died and they said I can move in and pay rent. Trying to work that out. I've got a few friends in advertising, also a brutal grind. Let's make this meet up happen.
>>73867349
I read in a book I should have a portfolio of 20% bond index, then 35% american index fund and 35% Canadian index fund. The remainder would be in either real estate. Following a buy and hold strategy would this be a good investment plan to help save for retirement (along with getting a tax free savings account of course)
Also, I heard that ETF's where in general bad investments since they have higher fees than regular index funds? If this is true why do people recommend them?
>>73874527
>Find some vicodin, masturbate until it goes limp, wonder what you're doing with your life, don't clean, ignore the doorbells, and drink Magners because you're probably in the UK (forgot to check flag)
truly you are wise beyond your years
mmm magnum, so tempting
>>73875294
A lot of times its just for show. But it does allow you to pull up tons of charts and financial info you can't really get elsewhere.
I always wonder why nobody has attempted to compete with the terminal. Its not beyond the means of a ton of companies who could actually write much slicker software.
>>73875226
>My wife's son is voting Bernie Sanders, you should be ashamed
Kek
>>73875269
>>>73875241 (You)
>how old are you senpai
Given I've thrown out my designations and title, under 30 but over 25.
>>73875294
>Is bloomberg terminal overrated? Does it have secret research?
Lol its pretty useful. Back when I was blacked out from using it as an equity research analyst I used to pay this girl in school to pull shit from there for me. That being said the price tag is some jew shit
>>73875388
I would but its kinda tough since this is an anon board ya know?
>>73875494
And factset is nice for real time updates especially when modelling. Lot cheaper too
Years ago.....Years ago........ummm.......uhhh.......Years ago
>>73875553
Good to see people making it. I bought into the entrepreneur meme, unfortunately.
Does Adderall really work? Does it do wonders for your productivity?
>>73875405
Etfs are a better passive investment compared to mutual funds which have high upfront or internal charges depending on share class (i.e. a vs c share) Etfs are good to track the market and better for someone younfer. When you're older you want a more proactive management so go with mutual funds. Also helps to be aware of general happenings and move to cash when you start entering down years and buy in when it's dirt cheap. Don't be a pussy and not reinvest when it goes down. Most people don't beat the market because they don't buy low sell high and let their emotions get in the way. How old are you? Fuck bonds in a retirement account if you're young. You have a good time horizon to be agressive as fuck. As a rule of thumb though financial advisors say some shit like 100-age is what you should be in equities but that's kind of the lazy nigger approach.
What got you hooked on oxy?
>>73875678
Do you employ a technical analysis strategy? Do you have an equation you use to measure a companies fundamentals?
How do you make your picks or do you basically sell side to clients?
>>73875608
>>>73875388 (You)
>I would but its kinda tough since this is an anon board ya know?
Yeah man, just good to know there's other /pol/ finance Bros out there
>>73875840
>>>73875553 (You)
>Good to see people making it. I bought into the entrepreneur meme, unfortunately.
>Does Adderall really work? Does it do wonders for your productivity?
Thanks man. Yeah keeps me being a good little goy with plenty of dopamine all day long
>>73875840
>entrepreneur meme, unfortunately
entrepreneurship isnt a meme sanjif mohammed abdul.
Productivity hacks are a meme however. Just get the fuck off of 4chan and do some work you shit fuck.
>>73875878
Yeah fuck bonds if you're young or like a retail investor.
But bonds to a trader can be fucking glorious.
>>73875903
Not hooked, just happen to do them once or twice a month. Railed a nice lil 10 with 1 mg of Xanax and I've been awake for about 27 hours now and I don't know why.
Do you get to read confidential stuff like that citigroup memo saying the world is a plutonomy or wikileaks stuff like the IMF intentionally crashing markets?
http://delong.typepad.com/plutonomy-1.pdf
>>73876227
I miss doing drugs and trading so much. Im jelly as a motherfucker right now.
>>73876064
Allow me to summarize my past:
>Civil Engineer, worst sector to be an entrepreneur with no cash
>Convince another CE, we try making an app for transportation, MVP fails
>Next year we add a developer and make an eye tracker, team implodes
>Next I arrange a team from 4chan for an international competition, the team implodes again but I salvage remaining members with students from my uni, team is inexperienced and we crumble
Now I'm at the verge of success but I don't know where to begin from. Sometimes I wonder if I make too much of a deal of myself but my teammates shower me with praises as a manager so I know I'm doing something right.
>>73875082
Ivy?
GPA?
Is the CFA just a meme qualification and should I pursue L2 and 3? I've passed level 1 and it was pretty fucking intense studying it while full time @ uni to say the least.
>>73875951
On top of the analysis we meet with the companies to let them pitch us, meet their management teams. I describe it as quasi buy side. The guy who taught me was real pro style, he was one of the only guys who saw enron back in the day- did the fundamentals then met the management team and was like "no fuck this, we're out" while the enron rally continued. A year and half later they blew up. I just got into my role this year because that guy left so my life's been a roller coaster of shit so far this year trying to learn all the stuff he was covering with the same brevity
>>73867349
Do you hire quantitative analysts? If yes, what do you look for? Could I score a job if I were fresh from uni with masters in EE and programming experience?
>>73876430
>>>73875082 (You)
>Ivy?
No
>GPA?
3.8/4
>Is the CFA just a meme qualification and should I pursue L2 and 3? I've passed level 1 and it was pretty fucking intense studying it while full time @ uni to say the least.
Not a meme. It's a fucking cult man. They have infiltrated the upper echelons and if you immerse yourself socially you will reap what you sow 100 fold
>>73876358
>>>73876227 (You)
>I miss doing drugs and trading so much. Im jelly as a motherfucker right now.
Haha I was recently with a couple of trader buddies in the city ripping rails till like 6 am after dorians or whatever that uppity shit hole on the ues is called. Traders are nuts
>>73876553
>>73876553
Hell yeah dude. Those a master's in engineering is an easy in most time especially into any Quant shit. Just make sure you know the job inside out and what their day to day looks like. Add or stalk people on linkedin, call main lines and ask to be connected, ask for minutes and pick their brains. Score the interview and tell them why your education was relevant in the context of the day to day and you'll be golden
what do you think about the wall
meth?
>>73876227
yo, pledge $500 to my patreon
>>73876828
opps wrong thread
>>73876791
Thank you very much
>>73867349
Ever thought about going solo / starting your own fund?
why/ why not?
>>73874918
>inheriting 150mm
15cm?
>>73876401
What's that Edison line? You learned how not to do it. Keep going man. Being delusional is half the battle to keep your sanity sometimes
>>73876842
can you explain why you bash Trump and then make comics to jew money from his supporters? honest question kthanks
>>73867349
>2016
>Having a portfolio
>Not investing 100% of life savings solely in Bitcoin and copper bullion
Plebs
>>73876936
>Implying all of /pol/ are trump supporters
nigga half of us truly believes hes a plant. Just look how he flip flops his promises now that he's guaranteed the nom.
>>73876675
Dorians gets a little
fisher price "my first couple of years in NYC working in some shitty finance job."
They crowd is really post frat there.
I used to live across the street on 2nd for about a year. I have pretty fond memories. Used to rail at Dorians and get call girls when I got home. :)
>>73877008
Ok then, just making sure you're the kind of person you appear to be
>>73876796
>what do you think about the wall
It just got 10 feet higher
>>73876859
>>>73876791 (You)
>Thank you very much
Np man, leverage site like wallstreetoasis too once you understand the day to day to actually teach yourself some functions of the job so you can sound like you're interested. No one expects entry level to be pro. Just give a shit.
>>73876909
>>>73867349 (OP)
>Ever thought about going solo / starting your own fund?
>why/ why not?
Yes, not the right time. Waiting to make more money, waiting for market to tank so I can aggresively invest at a discount. I probably will do PE. To the guy who asked 150mm= cm. I meant 150 MM- so in line with your question once my friend inherits 150 million well try to do some private equity and run the gambit for a while. Hedge funds might be fucked if non deal road shows get banned and new regulations go through
>>73877119
i just dont want to be backstabbed. i'll support him again if the wall truly gets built.
I fucking hate being played like a fiddle.
>>73877008
I just filtered your entire country because of this post
and to think I would have donated a few dollars if you had been pro trump
byeeeeee, faggot
>>73876959
lel idk if you're serious but heres what I recommend to most people
80% etf
20% high risk investments. and yes bitcoin counts as high risk investment
bitcoin seems to be the new gold. people might buy in times of uncertainty for no reason other than people buy it in times of uncertainty. idk - we'll see in the next major down trend
>>73877269
>>73877119
He's a deal maker. Of course he flip flops. Everything is a negotiation with him.
He's going to have to come across the isle to snag voters.
Long as he builds that fucking wall and keeps our country demographically sane I'm in.
>>73877084
>>73877084
Haha I was with some Deerfield and Kent kids even though I'm from a little more humble beginnings and they live around the block. These kids are the kind of douchebags that lived in dorians prefinance but they're my douchebags
>>73877247
What are you favorite books about Wall st?
>>73877084
Also totally had call girls over to their apartment after. Haha
>>73877269
Whatever. Ben garrison is starting to doubt trump.
Half of /pol/ is doing the same.
Trump is starting to wobble hard. I'm not one of his fanatics.
But i'm still a /pol/ack.
>>73877495
I hate my life now. I need a time machine. Got in a long term relationship that ended all day. 5 years later she's gone and I'm none the wiser but got so far away from that lifestyle and got older.
>>73877495
Was thinking about driving in from the island tonight. I could totally rail at dorians
>>73877495
what is it with traders and bankers that want call girls , are non escorts inexistent in new york ?
>>73877579
thats the only solid reason to go for a escort
>>73877459
I'd say fuck books about wall street. Watch the wire. Life is the like that and so is wall street. You start in the pit, there are bigger dealers running the towers (bosses). Compliance is the enforcers keeping little niggers in check before the police do (finra, sec). Then you have the guys running the projects, the managing directors. Then you have the plug/supplier (the ceo, bosses whatever) and then you have the real bosses who never even need to come to your country- that's the bill ackmans of the world. And you start of as some little hopper who's probably going to quit or get burned out before he ever makes it out the pit.
Or you can listen to the any given sunday speech and claw out of the pit inch by inch. It's all a game. Read flash boys, liars poker, read a few books a out economics, learn to read a balance sheet, hit investopedia hard and realize it's all a game
>>73877345
I was just dicking around lol. It's kind of crazy the confidence some people but in Bitcoin and the dismay of some following the Mt Gox thing. Some Redditors legit lost much of life savings after the plunge because they put it all in that. It's come up quite a quite since then but you're def right as it's a volatile investment with a very questionable long term future.
>>73877711
You can spend a ton of time trying to convince a girl in NYC to come back to a strangers apt and fuck you, or you can just party all night, do whatever the fuck you want, and call up a pair of tits when you get home at 4AM.
I always liked call girls. Its easy. No bullshit. If money isn't an object then why not.
>>73877579
Yeah bro you're telling me. My girl just broke up with me and I'm in great shape, look good, hell I even feel good but I feel that void where I can't even enjoy my vacation and I'm not even ready to fuck other women. I just don't understand- I changed my dickhead way to get crushed regardless
>>73877769
how realisitic are movies like the wolf of wall street and the search for happyness.
>>73877927
And she'll be smoking hot and knows the deal. No brainer.
>>73878213
>>73878213
I'd say my life has been like the pursuit of happiness but I've definetly seen the other side ring true for others as well. I used to be so poor I used to steal cans of beans from path mark
>>73877769
Oh I know. I read liars poker, Flashboys, and a ton of other stuff.
Currently reading Predators ball. Its about Milken and drexel.
https://en.wikipedia.org/wiki/The_Predators%27_Ball
Milken was a force of nature. Appex jew kinda shit. Im Goy just like you though.
>>73877849
i remember the subreddit - it was literally a fucking cult.
I asked a question about mtgox reliability before it went to shit and they fucking railed on me. personal messages every fucking day with threats and all sorts.
I also asked whats stopping a more reputable company from setting up their own crypto and they went fucking ballistic on that too
imagine that though - putting your life savings into it - thinking you're now a multi millionaire, yet having no way to get your cash. I wonder how many suicides it caused.
Anyway I'm gonna sleep Bros. It was real. I hope you guys do well in whatever you endeavor. Hope I was able to impart some kind of advice that will help someone. Trader bro, have a good weekend man and do one for me if you make it in tonight. I'll be lurking.
>>73877711
you don't pay the girl to come, you pay her to leave afterwards
>>73878368
Beast. Great book. I like barbarians at the gates too. Sorry for the odd response I am very sleep deprived and mildly drugged up
>>73877933
I hear ya. Not me. I fucking got way out of shape this year. Its depressing honestly.
Girl I was dating was an actress. Career took off and the engagement ended. Looked really good for a while. We were going to awards shows and movie premiers.
I think she got all hung up on her success and kind did me bad.
But her career is kinda in a stand still again.
MFW I turn on TV and see her making out with another girl on a HBO show.
I've gotten made stale and just had a shitty year. It can be measured in my time on /POL/
>>73877711
>>73877711
After a long day of work, you get home late, you either -
A.) Have a wank.
B.) Go on a date (if you even have time)
C.) phone in a 10/10 call girl and go to sleep
hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
>>73878512
yeah thnx for the (you) feels good to read inspiring threads , have a good one
What could Trump do to combat globalism? Would tariffs suffice?
Also, do you make exceptions on tariffs when it comes to your Austrian economics thinking? Most libertarians disagree with tariffs, but they provide no realistic alternative solution to combat jobs outsourcing to slave-labor countries.
>>73878588
Later High finance bro
>>73878598
name-drop.. cmon...
>>73878598
It'll get better bro, it always does. Bigger and better things. Either you grow or you die, and I don't think you're ready to die.
>>73878619
>>73878693
Night/ morning bros.
I work as a staff accountant in NYC for a shitty little firm and I'm ready to bin myself
I want to get into trading stocks so bad but I don't know how and I probably don't have the skills
My rides on the train with the wsj and scottrader pulled up on my second monitor observing trades by the second are the only things that are keeping me alive
Any advice how I can pursue my dreams and make bank?
>>73878763
No dice. I don't hate her enough and nothing I say on this board can ever lead back to me.
I say a fuck ton of raycis shit.
gotta be extra careful.
>>73878489
The one thing I never got was trusting someone else with your BTC instead of using a personal wallet like Electrum. Though I could not be understanding the ins and outs of cyrpto currency since I only used it a few times and admittedly am not the best educated on the details.
>>73878867
Go to a firm. Some will even lend you capital and give you real leverage.
Not that retail brokerage shit.
If you preform well then honestly the sky is the limit.
But its a serious fucking job. It never ends. And it is full of stress. You better be ready to work like a motherfucker.
If you can't outsmart or out trade the guys in these little trading companies then pack it up as a trader because you aren't going anywhere.
Day trading is just a small portion of Wall st and most of it is automated now.
How is day trading a small portion of Wall Street. How small. What's the rest. What do think of the robinhood app
>>73880514
buy and hold, mutual funds, share buybacks, big banks
>>73880681
Buy and hold requires minimal skill or envolvment. A mutual fund is just made up of a bunch of buy and holds so pretty much the same. Share buy backs: uh you mean when companies by there own shares back when they are undervalued to increase their own value- yeah I'm sure that take no skill or effort. Big banks? I'm sure they are invested in buy and hold i.e. Investments. So basically you are telling me the majority of the market is made of of long term investments that a monkey or computer could do. Isn't day trading the only thing that takes skill. Derivatives etc
>>73881384
I was giving you my opinion on what the majority of wall street trading is
you do know that the biggest investors are pensions? followed by etfs/mutuals, they invest so much that taking or leaving a position must be done over weeks or even months, in order to not crater the stock or make it too expensive for them to buy
>>73881384
what's the korean stock exchange called?
>>73867402
Ya that's like a ten dollar bottle of vodka. I barely make 70 a year and I have better standards
Will the shockwave from this or next years crash be beneficial to russia or will it make the situation even worse?
>>73867349
Which presidential candidate do you believe has the best plan for the financial sector and regulation thereof? Taxation laws included
>>73882178
You will be alright, you have been already cut from the western banking and exports.
The economic crash might put Russia at the top the world, if Putin place his cards right.
>>73882900
>The economic crash might put Russia at the top the world
Nah. Russia can not into economics, so we will sink with you.
>>73883114
If you weren't complete retards you would. It's not like Putin can go to every Russian and tell them what to do.
With German, Jap and Korean companies sinking you could easily take over the Indian and eastern European cheap car markets. Opel, Kia and Honda will stop existing, the rest will be hit heavily.
Also European farmers rely on government handouts and will be fucked, you might take over the organic food imports.
there are many ways Russia could move into European markets and banking during the crash.
>>73883441
>might take over food imports
We most likely will , 90% chance
Agriculture has allways been quite good here , the only thing missing is a export market. Plus we dont have GMO's
>>73870521
Because if you can make money in this shit system, you can make even more money in a less corrupt environment. Do you think all the scum that has to be supported is cheap? Look at Trump, he is fed up too. We carry a lot of dead weigh and they are all very rich dead weights. A lot of people on Wall St are just sitting atop a racket. If you remove them, there is more money to go around. Nobody wants to support hereditary well connected losers anymore. They are too many of them.
>>73870621
If we were to correct, we would have rolled over already. This market, which is a majority of PMs are negative and the market is at the high is going higher, not lower.
Let me give an example. Soros buying into techs in March 2000. April the techs started to collapse. Another example, Buffett selling S&P puts in 2007 or 2008. Or Buffett buying building materials company when the housing correction already started. That's what happens at the tops. 90% of PMs predicting a crash means there is another leg up is coming, and all of you will be caught with your pants down, but it can't happen to you, though, because you are well informed, right?
