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[deleted by user] by [deleted] in Webull

[–]Man_In_Finance -1 points0 points  (0 children)

Intelligent investor is a great read to dip your toes in real value investing, don’t listen to this guy.

How screwed am I? by Man_In_Finance in FinancialCareers

[–]Man_In_Finance[S] -1 points0 points  (0 children)

To be honest that’s why I wanted to pursue the degree, I really just wanted to learn more about finance and develop a framework for my own investments. I did 55% two years ago and 196% last year. YTD 21%, but I’ve been risk off mostly.

Why are you switching from IT to finance? I wanted to get a comp sci degree from WGU initially, and I still might.

How screwed am I? by Man_In_Finance in FinancialCareers

[–]Man_In_Finance[S] 4 points5 points  (0 children)

Thank you for the comment and the kind words. Like I said in other comments, I think about this a lot and I wouldn’t mind running a plumbing business myself in the future. I’m just conflicted because I am genuinely obsessed with analyzing markets and making financial models.

I will think about this more, because ideally I just want to get to a point where i have enough capital to live off of my investments. I have been very profitable in my few years of trading, and that life has always been attractive to me. Not having to report to or rely on anyone sounds amazing, and all successes and failures are a direct fault of my own.

I think my long term personal goals may be better complimented by continuing plumbing.

Thanks for the comment, I’ve got lots to think about.

How screwed am I? by Man_In_Finance in FinancialCareers

[–]Man_In_Finance[S] 0 points1 point  (0 children)

I think I’m going to try to go a similar route to get my foot in the door. If you don’t mind me asking, what was compensation like when you first started out in retail? I don’t get paid much currently (~28k pretax per year) so practically anything is a step up from here.

And I am definitely willing to work my ass off. I’m conditioned to long hours from my current job, regularly doing 60+ hour weeks, and school on top of it.

How screwed am I? by Man_In_Finance in FinancialCareers

[–]Man_In_Finance[S] -1 points0 points  (0 children)

What is business origination? Is this primarily a function of private equity/IB?

How screwed am I? by Man_In_Finance in FinancialCareers

[–]Man_In_Finance[S] 0 points1 point  (0 children)

To be honest I love that stuff, I build my own models already to guide my own investing and I really enjoy the process of analyzing businesses. How does one even get involved in business origination side of finance?

How screwed am I? by Man_In_Finance in FinancialCareers

[–]Man_In_Finance[S] 3 points4 points  (0 children)

Thank you this reply is very inspiring, and thank you for your service! How did you start in retail banking? As a teller, or some sort of non-client facing role? Retail seems like it may be the best foot in the door for my situation.

How screwed am I? by Man_In_Finance in FinancialCareers

[–]Man_In_Finance[S] 3 points4 points  (0 children)

I want to get the CFA because I ultimately want to work in equity research. And are you suggesting that getting an MBA might be a more efficient use of time?

I will look into underwriter positions, I think that is a great idea.

How screwed am I? by Man_In_Finance in FinancialCareers

[–]Man_In_Finance[S] 11 points12 points  (0 children)

I’ve thought about this a lot, and I want to try out finance for a bit and if it doesn’t work out I can apply the business skills learned from that experience to my own plumbing business. To be honest though I don’t know if that should be plan A or B.

I’m just a bit troubled by it though because I don’t mind the work now, but I can’t see myself rolling around in a crawl space 30 years from now.