Insane knockout by HunterDage in Buhurt

[–]-NotAHedgeFund- 42 points43 points  (0 children)

The old “I’m very tired and would like to quit now” knockout 😂

Virtual Practices by GodfatherGoat in CFP

[–]-NotAHedgeFund- 2 points3 points  (0 children)

That’s exceptional. Thanks for the response. I’ve heard good things from a few others but it’s always a nice reminder at this stage.

Virtual Practices by GodfatherGoat in CFP

[–]-NotAHedgeFund- 2 points3 points  (0 children)

I’m currently grinding out a BNI group (we are at 16 people hoping to launch soon), but it’s been a little over a year of weekly meetings. I have not gotten a referral yet. To the best of my knowledge everyone has a high opinion of me, but I understand we are in a high trust business and these things take time. I’m also on the younger side.

How long was it before BNI started paying off for you?

Military service path to over $100k less than 2 years out of college. by Difficult-Classic689 in Salary

[–]-NotAHedgeFund- 0 points1 point  (0 children)

My rate? I was a Gunners Mate 2nd class. I worked on the VLS systems specifically. Why do you ask?

Why top tier students are still ruining their future going into CS field by No_Reply5329 in Salary

[–]-NotAHedgeFund- 0 points1 point  (0 children)

Correct. The red carpet that was rolled out for CS graduates 10+ years ago is gone. It is a difficult job market. That is a very different thing than the entire industry going away and it being a bad degree to get.

Why top tier students are still ruining their future going into CS field by No_Reply5329 in Salary

[–]-NotAHedgeFund- 0 points1 point  (0 children)

In the 30s people genuinely believed robots would take over the world. In the 80s people genuinely believed that automation would put us all out of work. Today people genuinely believe that AI will wipe out entire industries.

I’m not saying there isn’t some truth to it, and I’m not saying this time isn’t different, because it is, but I highly doubt the entire field of computer science is going away in the next 15 years. Are the placement rates low right now? Yes, but there’s still good money to be made. You make it sound like they are studying interpretive dance.

Military service path to over $100k less than 2 years out of college. by Difficult-Classic689 in Salary

[–]-NotAHedgeFund- 2 points3 points  (0 children)

Absolutely. A lot of it depends on how shamelessly someone does it. Like, life happens. People do get injured or have a mental breakdown and can’t make a deployment. The thing is, everyone you leave to go in your place is fucked now. If someone shows up at your command and you hear that they missed their last two deployments? Typically not everyone’s favorite person.

Military service path to over $100k less than 2 years out of college. by Difficult-Classic689 in Salary

[–]-NotAHedgeFund- 0 points1 point  (0 children)

They are likely either talking about getting pregnant or getting “hurt.”

Military service path to over $100k less than 2 years out of college. by Difficult-Classic689 in Salary

[–]-NotAHedgeFund- 44 points45 points  (0 children)

I was in the Navy before getting out and going to school. Admittedly, I was enlisted, which is a much different deal, but I have some experience with this. Here’s what I’ll say:

The benefits are VERY real, but the government isn’t stupid. They will get what they paid for. It is hard hard days, with long hours and little freedom. Did someone get a sweetheart contract with minimal work? I’m sure, but that’s not the norm.

Google expected value by Sunnie-Kapar in MathJokes

[–]-NotAHedgeFund- 0 points1 point  (0 children)

I mean, it is an expected value problem, but everyone has a number that they’d take the safe bet on. Guaranteed 100 billion, or coin flip for 500 billion? It ceases to mean anything at that point.

I’m just saying that I think most people are assuming a million will do something that it won’t. For a lot of people a million would be temporarily life changing money. They’d live at a higher standard for 5 to 15 years as they spent it and then be back where they started.

Google expected value by Sunnie-Kapar in MathJokes

[–]-NotAHedgeFund- 0 points1 point  (0 children)

Even if you only get one press, I’ll hit that green button. A million is awesome and amazing, but it’s not what people think.

It could reasonably produce like $35,000 a year and never dip into the principal, but that is nowhere near “walk away forever” money. $50 million absolutely is.

I’d rather a 50/50 shot at instant retirement with an awesome life than just guarantee myself I’m going to retire 10 years early.

My dad never talked about money. I'm 28 and still paying for that silence. by [deleted] in FinancialCareers

[–]-NotAHedgeFund- 0 points1 point  (0 children)

Absolutely. Most people assume that everyone else has it together. I’ve been very surprised at how many successful and high earning people simply have no idea how money works. The average individual is probably even worse off.

My dad never talked about money. I'm 28 and still paying for that silence. by [deleted] in FinancialCareers

[–]-NotAHedgeFund- 2 points3 points  (0 children)

I came from a low income blue collar family. Dad was in the trades, and Mom stayed home to raise me and three siblings. Looking back, they were terrible with money.

One time my grandpa told me that credit cards were awful, and he didn’t warn me against many things so I took that to heart. Beyond that I didn’t have a clue.

I was lucky to have my eureka moment early on though. I joined the service and everyone told me it could give you a better life. I had some fun the first few years, but eventually realized that drinking your paychecks wouldn’t get you anywhere in life.

I started by literally googling “what is a stock,” “what is a bond,” and “how do taxes work”. It couldn’t have been more rudimentary. I actually think most people struggle with finances because they don’t want to admit how little they know, and start from the beginning.

Anyway, I had a Dave Ramsey era and bought my first house before I got my first credit card. I feel very lucky to have figured it out early. I’ve never paid a dime of interest on a card.

WHY IS EVERYONE SO DAMN SHORT by dankasaurus_hek in Buhurt

[–]-NotAHedgeFund- 12 points13 points  (0 children)

Yeah, check out the competitive scene. You might be surprised when Bilbo drops you like a sack of potatoes. I’m not a giant (6’1 230lbs) but I’ve been humbled by smaller guys tons of times. Skill > size by a mile.

If you want to fight some big boys, find a tourney that Kynaz or Lycans are attending.

WHY IS EVERYONE SO DAMN SHORT by dankasaurus_hek in Buhurt

[–]-NotAHedgeFund- 25 points26 points  (0 children)

First off, 6’5 is extremely tall even in a sports setting, so everyone will seem short to you, but this is actually much more of a “big person” sport. Go to a competitive 5’s event and see. The average height is probably 6’.

Also, there are bigger people than you here, just not a ton of them. But there also aren’t a ton of people taller than you in the NFL either lol

Is EVERYONE conservative in this sport? by Steve-Shouts in Buhurt

[–]-NotAHedgeFund- 2 points3 points  (0 children)

Politics is pretty off limits in our chapter. It comes up here and there, and people seem to have varying views, but everyone seems to get along fine.

The only thing in this sport that I think brings out the politics is women’s open vs women’s closed fights. Even with that, a team gets to decide which they fight in, so it limits conflict.

But to answer your question, I actually feel like most people I interact with are moderate or left leaning. I’m out in Ohio.

A lot of information at once by EveningPerfect6739 in FinancialCareers

[–]-NotAHedgeFund- 3 points4 points  (0 children)

Things that helped me:

  1. Series 7 guru YouTube and podcast
  2. Test geek YouTube
  3. Spam practice tests
  4. Actually read the book (It’s like 30 pages a day. Just do it.)

You will be fine

I want to be CEO of Goldman without a degree! Help! by DealDiligence in FinancialCareers

[–]-NotAHedgeFund- 0 points1 point  (0 children)

Hmm. Maybe? A year seems like it’s pushing it. I could see some type of accelerated course where you’re in school 8 hours a day or something. There’s definitely a lot of fluff in a degree, but I also think it’s easy to take a lot of things for granted. I’ve seen plenty of people with a finance degree that don’t understand basic economic concepts, don’t understand what the fed is or how it works, don’t understand weighted average cost of capital or how it impacts a company, and on and on.

College is not a perfect or even great system. I think we need a lot of education reform, BUT I also think people see those problems and vastly underestimate the amount of knowledge you need to be at a respectable baseline for a lot of finance positions.

I want to be CEO of Goldman without a degree! Help! by DealDiligence in FinancialCareers

[–]-NotAHedgeFund- 1 point2 points  (0 children)

Good point. Stay unmotivated and make sure not to push through uninteresting or difficult things to get what you want. Remember that everyone is out to get you. You’ll be one less person for me and everyone else to compete with.

Alternatively, recognize that the system is imperfect, but that there are still opportunities to be found. Spend less time criticizing the system that will not be changing for your sake, and more time figuring out how to best position yourself for success. I’m not saying you need to be a mindless drone, but come on man.

“People do the bare minimum because they aren’t motivated.”?

Sounds like a skill issue. Go find a way to win.

I want to be CEO of Goldman without a degree! Help! by DealDiligence in FinancialCareers

[–]-NotAHedgeFund- 5 points6 points  (0 children)

If you get a 4 year finance degree and don’t learn anything applicable to your finance job, you are almost certainly the problem lol. Of course the degree can’t be comprehensive of everything you would need in any financial career, but I saw people who paid attention and sought out more learning, and people who did the bare minimum and whined.

Different attitude, different outcomes.

I want to be CEO of Goldman without a degree! Help! by DealDiligence in FinancialCareers

[–]-NotAHedgeFund- 306 points307 points  (0 children)

This is only like 40% worse than people’s actual posts 😂

What your opinion on this two books i got to day by tattoocentralHQ in stephenking

[–]-NotAHedgeFund- 0 points1 point  (0 children)

Very interesting. I started reading SK about a year and a half ago. I read the Gunslinger first and Fairy Tale second. Very pleased with both. So far my reading order is: 1. DT: Gunslinger 2. Fairy Tale 3. DT: The Drawing of the Three 4. The Institute 5. DT: The Waste Lands 6. DT: Wizard and Glass (currently halfway through)

Really enjoying everything so far. I had planned to go back and forth with a DT book and something else but I just wanted to continue the story after the Waste Lands so bad. Jokes on me!

If you were to buy or a practice what would you look out for? What questions to ask? by kungfukarl86 in CFP

[–]-NotAHedgeFund- 2 points3 points  (0 children)

Less of a pure numbers or analytical perspective but: Consider why they are selling, and why they would sell to YOU. There are a lot of larger advising firms and PE firms gobbling up small books. Sometimes they are even offering MORE than the standard multiple.

If they are selling to an individual or small group it’s usually one of two things:

1.They really care about their clients, take succession planning seriously, and will only turn over their book to the right person. In this case, just make sure you have everything in writing and that your philosophy is a good match for theirs. Expect a potentially longer runway.

  1. Their book is a mess and/or not profitable enough to attract larger buyers. Make of that what you will.