[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 64 KB, 587x537, 1612512037414.jpg [View same] [iqdb] [saucenao] [google]
28467823 No.28467823 [Reply] [Original]

So do you really need a fancy degree in economics to get into stocks or is it just something that nerds say to keep you from making money in it?

>> No.28468542

>>28467823
how many economists are billionaires?

>> No.28470061

>>28467823
Who knows dumbfuck? Clearly you don't.

>> No.28470400

>>28470061
Helpful and informative

>> No.28470566

Most economics are circle jerks on playing capitalism differently
And the truth is well said, how many of them are billionaires? Globally it’s just under 1000 billionaires we have to eat.

I just ask you. Think about the absurd vastness of a million. In seconds, in years, in people.
Now think of it 1000 times over for each billion that is out there.

Aint ever been wars but class wars.

Chads work in sales and talk to make six figures, nerds do economics/stocks and leave their fate to chance

>> No.28470713
File: 14 KB, 621x414, 1602218532873.jpg [View same] [iqdb] [saucenao] [google]
28470713

>>28467823
People who take econ degrees end up writing bullshit like MMT and think its real. They're clearly not the smartest group and surely not smart enough to tell people to stay away from the stock or really any market.

>> No.28470724

High school math is enough.

>> No.28470806

>>28467823
Economics is about choice, not related to money or finance

>> No.28470932

>>28468542
None.

Economics is basically a theologian degree for business. You basically spout and apply dogma to business problems. And pretend that you can model an environment with 1000000000000000000000000000000000000000000000000x10^inf variables.

>> No.28471912

>>28467823
Economists know jack shit about stocks, you're thinking of finance. Learn to calculate Sharpe ratios which are a way of measuring risk versus reward. Fill your portfolio with various assets from various asset classes at various levels of volatility. If you don't have a lot of money you should prefer higher risk assets with low minimum capital required like cryptos, so that you stand a chance of making it big and being able to afford more expensive assets like real estate. If you already have debt, pay that off first before getting heavily involved. If possible, try to time market cycles and figure out when it's time to accumulate. Don't buy in while everything's pumping unless you really must start investing right away. When it comes to assets with lower Sharpe ratios like Stocks, fundamental analysis is very important. You have to be fairly confident that your chosen asset will appreciate based on what you know about the industry it's in and it's finances. This is where a degree would be helpful since you'd know about business accounting and would know what documents to find and how to analyse them. These skills can be learnt by reading, watching videos and taking online courses.

The reason /biz/ likes crypto so much is because the Sharpe ratio is higher than stocks, they are much higher volatility and the market is not dominated by multi-billion dollar hedge funds with mathematics professors, child prodigies and wrinkly traders hyper optimising. The sector is like it's own economy and it's growing much faster than any real world economy could. You can basically use the sorts of rudimentary techniques that traders used to use to great effect.

>> No.28472050
File: 122 KB, 1780x583, soswrs.png [View same] [iqdb] [saucenao] [google]
28472050

>>28467823
>So do you really need a fancy degree in economics to get into stocks
Idk man I 3xd my money in two weeks off a random thread that slid off the board furing peak GME times
I've been grinding crypto for almost 2 years and this is my first foray into the market after getting a 3x on GME
Seems pretty fucking easy to me desu

>> No.28472148

>>28471912
good shit anon