/biz/ - Business & Finance

how do I get into investment banking if I'm a loser?

I have a bachelors in Economics and currently work in mortgage accounting.. would like to gtfo

>>12149481
>woks in private equity
>wears sketchers
fucking kek

>>12149481
lmao if this is how your lounge looks then i want absolutely nothing to do with "investment professionals". if your tv is that small why not just buy an ipad ffs

>>12149481
I LOST ALL MY MONEY WALLSTREET AND BOG RAPED ME WHAT DO I DO WITH THE MONEY

>>12149492

Investment banking isn’t hard to get in if you aren’t trying for BB. Try networking, call up friends/existing networks.

>>12149510
Nobody wears a suit while flying for 10+ hours kid

>>12149526
Have you not flown business before? Kids these days

>>12149554

Try putting it into a bank until you build up a buffer, and then into a 401k to max your employer March and then into a IRA too offset your income tax.

Buy a index fund and forget about it, do other things with your life

>>12149663
how does it feel to know you work in a dying industry?

All you do is rip off rich boomers who can't into finance, right?

>>12149746

Not really, private equity is booming. Public equities is dying because of indexation but PE is here to stay because of the complexity of transactions, accounting and governance of private businesses.

>>12149698
>Buy a index fund and forget about it, do other things with your life
is there literally any single individual left working in the finance industry who doesn't just parrot this exact line?

>>12149761

No, I don’t deal with dumb retail money. Most of our money is large pension funds and sovereign wealth funds. I am not a financial advisor, I manage probably 20-50 million of investments a year and sit on company boards.

Big day on Wednesday, huh? What are your thoughts?

>>12149792

I don’t tell that to people in the industry, we have lots of special knowledge and insights. I give it as generic advice to people outside of the industry who think they are the next warren Buffett or George soros. Not everyone can be Michael Jordan. If you havnt started reading 10-Ks when you are in high school you are so far behind the curve that it makes no sense to dedicate time to the space

>>12149492
Like this guy mentioned networking>>12149663
You can try speaking to people on LinkedIn.
You'd be surprised at how willing people are to talk and help out strangers

OP, will your firm be sending a rep to any of the pre- BAKKT Bitcoin conferences in January?
Do you personally know anyone who just bought in today?

It's no coincidence the NYSE drained into FANG+ portfolios. 3Billion USD equivalent was pushed from the exchange into Crypto in less than an hour, right at 8AM Eastern. Thoughts?
You get in while you can, just in case?
What was your board's issued statement on the current FED rate hike negotiations? The trilions about to be printed for the new spending bill?
What states do you own property in/ want to- and why?

Also for some reason, 60% of investment analysts i’ve met are autistic INTJ scorpios for some reason. I don’t know why it is that way, but it seems to hold true

>>12149481

ALL IN ON BITCOIN RIGHT NOW

ESTIMATE MY RETURN OVER THE NEXT 5 YEARS

>>12149481
i went long on amd, how fucked am i ?

OP im way overinvested in BTC and scared to death. should I sell everything now while im still slightly in the green? already lost a small fortune on shitcoins. plz halp

>>12149846
This is what martin shrekli basically said.
He went through analysis and reckons you should put in a minimum of 100hours into researching a company and said it's best to put in 1000s of hours.
Seeing him do analysis in is lessons was so off putting realising the amount of time and effort you have to put into shit.
So looking at everything it seems index is my best bet.
What's your biggest loss or investment mistake you made? Want to kinda understand how even someone who knows quite a bit about the market can get fucked.
I.e. you don't see many economists with an abundance of wealth ironically

>>12149481
When are you being indicted for fraud?

>>12149846
you're so fucking retarded that it hurts to read what you just wrote. you don't need to be george soros level to beat an index fund. for one you could do exactly what the index fund does and save on management fees

>>12149882

Dunno anything about crypto, I only evaluate real companies. I also pay no attention to capital flows, I evaluate business fundamentals only. I have modeled thousands of different companies, looking at their earning power, working capital cycle, cash flows. I look at industrial concentration, supply chain shifts, shifts in consumer preferences, etc

>>12149772
>Not really, private equity is booming. Public equities is dying because of indexation but PE is here to stay because of the complexity of transactions, accounting and governance of private businesses.
What do you mean by this? You saying the public equity market is dying because traders are losing their purpose to index's? I don't understand

>>12149481

We in recession?

Cuz it really looks like we in recession.

>>12149942
There is a group of whales that said they're planning to crash bitcoin down to 1000. Then they'll pick it up. There was a thread about it last week. There is some evidence of it and it's not that far fetched

>>12149969

good luck replicating vanguard to save 10 bps you retard

>>12149984
Active management in public markets is dying

>>12150001
Recessions are impossible to predict but it just looks like a normal correction to me. There is usually on average 2-3 corrections of 10% per year. So, it looks normal to me still.

>>12149481
Why hasn't Pakistan exterminated all street shitters yet

>>12149481
How much do you make?
How many hours are you at work?

>>12149481
How much did your earn this year faggot

>>12150106
MAD

>>12150183
200k~ not including carried interest
~50 hours/week

>>12150089
>So, it looks normal to me still.
Is this the basic sentiment in the /biz/?

I see you take a view on the company level but do you look at the country level of the jurisdiction?

>Active management in public markets is dying
Is it bots now or something? Or Fed 'management'?

What was your parents' NW when you were 18?

How do you take FED interest rate hikes into account when projecting the future of the markets

Am I too old to do this at 38?

>>12150219
Analyst at 200k? Ok...

>>12149979
thoughts on weed stocks? would be interesting to use those analysis skills to see which companies will go on to be the big ones and which die off

>>12150327
Even with CFA, without connections you are dead as duck. Investment as day job may not be as interesting as a side hustle.

>>12150089
>Active management in public markets is dying
Will this lead to stagnation or at least less speculation?

Noob here. Got my 7 and 63, phone jockey on ground level fortune 500. Have CFA lvl 1 in June 2019.

Come from chemistry so strong analytical background. Fuck hard science btw, I want a chance at real money.

Wat do?

>>12150626

Snow thot for your thoughts

>>12150089
>good luck replicating vanguard to save 10 bps you retard
the point is you can mention to these people that you don't have to be a genius (proof: you, you fucking retard) to comfortably make money for themselves, provided they study enough. Which again doesn't have to be george soros level returns to make a lot of money for your family. your job isn't intellectually hard to do, it's just you gotta do a lot of it, hence why they hire athletes and frat bros. basically bankers are just a bunch of expendable workhorses usable from one recession to the other. the trick is to get in right at the bottom, get the job, run your mental state to the ground for some years, and exit

you're so fucking retarded to think of yourself as an expert in anything related to returns

>>12149481
I am sitting down with 5 startups to evaluate if a group I represent should invest (amounts from $200,000 to $5mm).
What questions should I ask so that I look like I know what I'm doing?
I have a strong science background but know very little about the business side of tech and biotech startups.

>>12150243

Only take a industry view mostly. Market gets less efficient due to indexation being liquidity weighted so it becomes self reinforcing

>>12150311
Maybe half a million?

>>12150319
Wont be sustained for long as demographics and tech is deflationary long term

>>12150426
Too commoditized, no moat

>>12150626
Finish your CFA and network, cfa society is a good place

>>12150718
Ask about distribution. Selling is something is 10 times harder than making a good product

>>12151451
what specifically do you mean by network?
what if, hypothetically, i have autism?

>>12149956

Being too anal retentive on net nets. I’ve invested in a Chinese plastics manufacturer that spined out a 10% dividend for 20 years, sits on some valuable real estate, was owned by Michael burry at some point. It’s lost like 50% of its value in the 10 years i’ve held it. I still keep it in my portfolio as a lesson on value traps

>>12149481
Opinion on Xrapid?

>>12149481
how does it feel to eat your own cum?

>>12151509

Most securities analysts have high functioning autism. Like make friends with people with like minded interests. I ran the university investment club and most of us ended up in investment/consulting. So grab a beer and go sperg out about ARPU and margin expansion.

>>12151451
id never graduated but i like to learn new things.

im on my way to build a blackbox, already doing 1.8 Sharpe Ratio on live trading.

i will market the thing once it reach 2.3.

any advice?

>>12151582
>id never graduated but i like to learn new things.

>>12151594
literally fuck you dude, this is not my mother tongue.

>>12151604
Ahmed got angry lol

>>12151582

Don’t know too much about trading or quants

>>12151530
Value trap? Pretty sure I've read in place that high dividends are a red flag. Seems really silly you fell for that.
Like fords got some pretty good dividends but it's in such a situation now that I think a couple months ago wall Street was trying to force them to lower their dividends. Doesn't help that they keep losing value though. But it doesn't seem like a stable situation for them

>>12151700

Sometimes high dividend yields are a warning sign not because of the dividend paid out going up but the yield going down because share prices have collapsed. This company had a pretty healthy balance sheet and real estate assets 10x+ what was in the books. Ford and GM both have off balance sheet big pension issues. In any case, I made that investment when I was a sophomore in college.

>>12151451
Is going for an mba a good way to break into finance? I have polysci BA from a great school, but dropped out of law school because I hated it. I want to break into finance but have a hard time grasping the terms/finding a good starting point.

>>12149481
bumping this larp because he didnt shill shitcoins

Help me get a foot in the door. Fin degree.

>>12151754

Unfortunately not anymore. Even top MBAs (Stanford/Wharton) have a hard time switching careers these days. Most of my friends who went ended right back in the same field. So consulting goes back to consulting post MBA, HF goes HF and PE goes PE. It ended up being a huge waste of time because your opportunity cost is probably 100k/year of salary plus tuition and 2 years of work experience, just to end up where you left off. The networking also isn’t helpful as you compete for jobs post grad and it isn’t until a decade later until they become helpful.

>>12151804
This is soul crushing to read honestly. Maybe I'll try to get a law degree. My job is killing brain cells right now.

>>12151803

Internships? I didn’t even bother going to class in college, I just spent all my time interning so I could network. I did everything possible to network, I took classes at university extension taught by retired C levels so I could meet people, I passed cfa level 1 as a junior and level 2 as a senior (they don’t really check) and went to cfa societies to meet money managers. As a result I had 3-4 offers despite graduating in 2009 in the depth of the GFC. A friend me mine was more extreme, he was working so much he didn’t graduate and was full time helping this start up raise money, he is now the ceo of that same 1,000 employee company

>>12151957

To expand on this, my friend interned at 2 investment banks, 1 at a VC and 1 at medtronics. He then used his connections during his internship to secure a 10 million round for the start-up (like 100 people) HC IT company. Basically he was running as their head of business development while as an intern.

Basically experience > all
And people who you work for can tell really really quickly just how capable you are.

What did you really want to be?
Also, why are you on biz? Those who've made it are supposed to move on, otherwise they haven't truly made it.

>>12151451
These are biotech and medical device companies with clear exit pathways eg getting acquired by existing large businesses or using known entities to produce or distribute eg BI
Any other suggestions?

>>12149526
The absolute state of this board.. Jesus christ.

>>12151804
I have access to large amounts of capital that are not my own. Some of the people for whom I invest have suggested an MBA. Worth it in that sense?

>>12149698
>401k
kys lmao

>>12152046

If that’s the case, product becomes more important. You need to spend time talking to potential acquirers to understand product viability. Talk talk about the IP strategy, whether they have copyrights, use trade secrets or patents

Is VWO a good way to own emerging markets?

>>12149481

you lose everything and only have 500 dollars to your name.

How/what do you invest in>?

>>12149481
Why don’t you like trading forex, anon?

>>12152615

Indexation doesn’t work well for EM, you’ll own a bunch of banks and miners

>>12150426
>Not posting the original, unedited version.

>>12152080

>unable to think for yourself
>mba
You’ll fit right in

>>12149481
do you understand you have never made any money in your life?

>>12149772
in theory wouldn't a larger chunk of money essentially being dumb money mindlessly thrown into indexes make the market more inefficient and thus easier for people who put in the effort to find undervalued companies?

>>12149481
How would I get in to private investing for corps and such? I do fine on my own, but obviously I'm shit for capital. I started working in the mailroom for a big public corp (im the only person there, so i see EVERY piece of mail that comes through. CEO to janitor, don't matter) and i realized that "professional investors and firms" just fuggin beg capital out the ass. Like, "You should invest in us so your employees can retire safely" shit like that.

I absolutely refuse to believe boomers actually read that shit and think it's a good idea. But then again, it's boomers we're talking about. The corp does get a lotta big checks every week or so from some of these funds though.

>>12152630
so is there an active EM fund you suggest?

>>12149481
Do you work for blackstone?

bumping for interest, but do you also need any licenses at all for private firms? would the sec cuck my ass if i didn't have a series 7 or somethin?

>>12152744

The flow matters. If the market stays irrational forever, you won’t get to profit from finding undervalued companies. Value only works if markets are efficient in the time horizon where it recorrects for the mispricing

>>12152849
I would suggest you start by learning to read and write

>>12152903
I like Brookfield

>>12153249
No

>>12153584
>Brookfield
I noted that from 83 to 01 they say barely any group though from 01 to now they've been seeing steady group what's the cause of this? What did they Change up?

>>12153584
Cool, thanks I'll look into it

>>12150219
200k before taxes? Who do you work for? Joe's and Julie's McMakingIt ? Hahahaha fuck off dude.

i'm a senior getting a finance and econ double major from an average college and i have a shitty gpa (2.8). what do? I just want to get a halfway decent job that uses my business degree so i can build up from there. I'm not dumb but i suck at school.

How to get rich in the stock market?

>>12149481
You are such a gross faggot I unironically cant wait til you get absolutely JUSTd these next 13 months. Have fun cuck and keep your advice

>>12154801
Everyone on /biz/ knows that you buy high and sell low.