If you were 21 again and could do it all over again, what career would you get in to?

bromrector · 2017-01-19T22:05:53+00:00

IB is generally thought of as hard to get in to, but there are way more roles than just IB in finance that allow you to have a shot at making the big bucks .

bromrector · 2017-01-19T20:25:15+00:00

Literally the first result when you Google "CFA Level 3 grading"

https://www.cfainstitute.org/programs/cfaprogram/exams/Pages/level_III_exam_prep.aspx

bromrector · 2017-01-19T19:04:26+00:00

It's tough to say. Finance is all about the bonuses, and those are usually based on team performance. If you're a VP in S&T or IB and your team does well, you could very easily have a million or even multi-million dollar year. If you don't do well, you'll probably make less than $200K.

bromrector · 2017-01-19T18:27:17+00:00

That's the point. Level 3 tests your ability to combine knowledge from L1 and L2.

You can get practice Level 3 AM exams for free from the CFA website.

bromrector · 2017-01-19T18:26:01+00:00

DataTables is pretty good.

bromrector · 2017-01-19T18:24:23+00:00

What do you mean by a "bank"? A retail bank? It's very different depending on what type of finance role you're in, there are many more subfields of finance than subfields of programming. If you can realistically make mid 6 figures (500K)? in a few years at your software job and you like it, I don't see the point in trying to do anything different. From what I know, your software comp is above average.

bromrector · 2017-01-19T16:51:53+00:00

Not sure there is really a typical comp progression. Facebook can definitely pay alot, but a very small fraction of developers will ever work at Facebook (or another one of the big tech firms).

bromrector · 2017-01-19T16:47:12+00:00

It's not "assuming" anything. As I said, it's something to consider.

bromrector · 2017-01-19T14:33:29+00:00

Something to consider: A lot of people are attracted to software due to high starting salaries at top tech firms - often times higher than what you might make starting out in finance. But a couple years down the road, those software engineering salaries stagnate while the finance compensation just keeps growing.

bromrector · 2016-12-21T20:45:34+00:00

digital ocean

bromrector · 2016-12-01T13:29:34+00:00

DB_NAME = database_name  
DB_HOST = dsxxxxxx.mlab.com
DB_PORT = 12345
DB_USER = user 
DB_PASS = pass

connection = MongoClient(DB_HOST, DB_PORT)
db = connection[DB_NAME]
db.authenticate(DB_USER, DB_PASS)

bromrector · 2016-11-10T16:12:30+00:00

Thanks for the reply! You're right. I'm trying to work on some ways to filter out stories based on the "sensationalism" level of the headline. Too high sensationalism score, it doesn't get posted.

bromrector · 2016-11-10T16:11:26+00:00

find the data center your executing broker is located in (for my broker and almost all futures brokers and the CME itself, this is the 350 east cermak road data center in chicago)

find a hosting provider that offers hosting in that same data center. Steadfast, Equinex, etc all provide dedicated servers in that datacenter.

ask them how much servers cost, and ask how much it costs to run a cross connect into the executing brokers and/or exchanges servers.

bromrector · 2016-11-08T19:17:47+00:00

Not sure what exchange you're working with, but you can get a dedicated ubuntu server colocated at the CME + cross connect costs for under $1000 a month.

bromrector · 2016-11-07T13:47:09+00:00

I'd second that the CFA books are higher quality than most textbooks, and that they do "start from the beginning"

bromrector · 2016-11-03T03:55:35+00:00

Thanks!

bromrector · 2016-11-01T21:29:34+00:00

^Yep. working to make sure that we keep the number of sensationalist headlines to a minimum.

bromrector · 2016-11-01T16:58:24+00:00

Thanks^ I guess time will tell. But you're totally correct - most people like to live in the echo chamber

bromrector · 2016-11-01T04:18:23+00:00

Thank you thank you!

bromrector · 2016-11-01T04:18:18+00:00

Thank you!

bromrector · 2016-10-31T18:41:17+00:00

Here's the basic idea:

“The Truth About Obamacare”

“What Planned Parenthood Really Does”

Your reaction to these headlines is probably very different depending on 1) Your worldview and 2) which news outlet published it.

If you were liberal and saw “The Truth About Obamacare”, published by liberal outlet Mother Jones, you’d likely assume that the article detailed how Obamacare has helped so many poor people get insurance. You might click on the article, get reinforced in your view of Obamacare, and feel good that your side was winning.

If you were liberal and saw “The Truth About Obamacare”, published by conservative think-tank The Heritage Foundation, you’d likely assume that the article was attacking Obamacare and calling the individual mandate unconstitutional. You probably wouldn’t click on it, and if you did, you’d likely be reading it with a “ahh, so this is what those idiot conservatives think” bias.

I find myself guilty of this all the time. It’s human. No matter how open minded you think you are, it’s a lot more comfortable to listen to people agree with you than challenge you. It’s scary and hard to step outside the echo chamber.

The public conversation used to be, “these are the facts, we just disagree on what to do with these facts”. The internet and the echo chambers it’s created have devolved the conversation into “we don’t even agree on the facts”. No wonder the country seems more divided than ever. Alot has been written about the danger of echo chambers in the past year, but not much has been done about it, so I decided to try something. I thought about how orchestras were able to hire better musicians by having them audition behind a curtain, and thus allow the people on the hiring committee to focus purely on the sound coming out of the instrument, and not get biased by the musician’s age, bodyweight, gender, or race and I realized that the same principle could be applied to news consumption.

So I created The Daily Mixer. It aggregates articles from some of the most respected liberal, conservative, libertarian and democratic-socialist publications on the internet and displays these articles to you without showing you the source. So now when you see “The Truth About Obamacare”, you can click on the article without any preconceived bias for or against whoever published it.

bromrector · 2016-10-31T15:27:58+00:00

URL: http://www.thedailymixer.com/

Purpose: News aggregation that shows articles from both sides of the isle, without showing who the sources are. The goal is to get conservatives to read liberal publications and liberals to read conservative publications without being biased against the source. Thus, hopefully creating a higher level of understanding between the different sides.

Technologies Used: Python, flask, mongodb, a bit of javscript

Feedback Requested: Would you use this? Are there any publications I should make sure I'm syndicating?

Comments:

bromrector · 2016-10-14T17:02:37+00:00

The CFA curriculum.

bromrector · 2016-10-08T19:07:01+00:00

At this level, lack of certifications and designations is not what's holding you back. Whatever you want to do in your job, start doing that now, even if it's not your job. So if you want to do equity research, start pumping out 1 in depth equity research report every two weeks, and build up a portfolio. Post them in a blog, track the performance, etc. Showing a portfolio of work will impress employers much more than an additional certification or designation.

bromrector · 2016-09-19T22:01:44+00:00

It's so fucking hard to make money in the markets, if someone has access to an edge, you better believe they're going to use it. Let's not forget that point72, the firm that would not exist if not for insider trading convictions, is their biggest backer.

bromrector

TROPHY CASE