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1,000 |
9
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Careers for a math major?
| null |
22 comments
|
2014-07-27
|
I'm in my final year of my degree and have recently become interested in finance. I don't have any finance background, however I will have taken a few relevant courses such as: stochastic processes, financial mathematics, stats, theory of interest and others. With this in mind I've been considering applying to grad programs in mathematical finance. What are typical jobs of someone with a masters in mathematical finance? Is it a useful degree to get, or am I better off trying to break into the financial sector with just a math degree?
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2023-07-27
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1,001 |
5
|
Big4 "consultant" looking to make a lateral career move
| null |
15 comments
|
2014-07-27
|
I'm currently one year out of college working in the Sillicon Valley in one of the "Advisory" practices for a Big4 accounting firm and I'm looking to make a lateral move out of my current job. I was a finance major at a non-target school and I previously interned in a small shop firm as an equity research intern. I've also passed the level 1 exam for the CFA.My problem is as follows:I hate my job and it has nothing to do with the finance classes I enjoyed in college. -my college GPA was a not so stellar 3.3I'm worried my Big4 job has marked me as a leper for any future financial services industry position.I'm worried about being pigeonholed in a big4 for the rest of my life and I'm desperately looking for any advice on getting out of here. I follow the markets everyday and all it does is remind me how much I hate my current job.Should I get my MBA? Stay for a few years and get a CPA? Finish my CFA? I'm looking for any kind of brutally honest advice.Any help would be greatly appreciated.
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2023-07-27
|
1,002 |
Vote
|
I got 132 IQ on the international IQ test. It's probably the most accurate online test. How high is your IQ?
|
https://alb.reddit.com/cr?za=17oDOVPo-QWUPZTxStBELK8eEgkkmmf5aVs9GbyuL_1TzHq4-5FgqftPubu7mm0UZzXpahPqeXAbRnKK7vZ1w8-FYSz_u29F9CWmh-w8Xse8WyaHbx0c3M0ZQ8AzXVRUzzV2HSJeIbC0tquZQtDGrn3MbEzqrckCNIeWjy3sXODskcxUBJigMFSMDY3i3S8ho9hTfcqVSqE14q_tYE1Lpdw8aAHgxreIiRdMpySImnk_N2P5LjxVd4z7Oo4oua36rvG6rTcx0rOB1oWUx2c38R26rNz98E1STYR6d_Ae79DUdfJL-Ne6v-PxgCobFfJm7v9HdQvDKuHb8OknTJc5FBUYWh6lEm__Hz1BSU-JDIHX5eyDsATWrdD0j7Mdg7_Fah0MP-sC&zp=LDv-CoY9MfePObVyN5gDwppPF0IrDplvuJqSJiyvjAlsMhNNUuW2oqHC7v2jKhrPu6lH1T641b8foItdDl14mps6rU_9S2YdZ5vK2rEVyfyUIvfHKW7YENiPSrYM7FsASOp9qDWXrc9NoCsYrOi_ZHqq_1vL8Q6YHidYxxUfvkONaSqIC1Yw
|
0
| null | null |
2023-07-27
|
1,003 |
10
|
When someone says "the equity got wiped out in bankruptcy," what does that mean?
| null |
3
|
2014-07-27
|
Does that mean the common stockholders shares cease to exist? Or can it also mean as part of Chapter 11 proceedings lets say they issue more shares in a restructured version of the company and the existing common shareholders get diluted?
What is more common?
|
2023-07-27
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1,004 |
16
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A Company Caught Between a Hostile Bid and a Side Deal
|
http://dealbook.nytimes.com/2014/10/31/a-company-caught-between-a-hostile-bid-and-a-side-deal/?emc=edit_dlbkpm_20141031&nl=business&nlid=69790154&_r=0
|
1
|
2014-07-27
| null |
2023-07-27
|
1,005 |
47
|
Where do you get your financial news?
| null |
54
|
2014-07-27
|
I tend to use realclearmarkets because it draws from so many different sources, but I'm curious about where everyone else gets there news.
|
2023-07-27
|
1,006 |
3
|
The Consequences of Saying No to a Hostile Takeover Bid
|
http://dealbook.nytimes.com/2014/10/28/the-consequences-of-saying-no-to-a-hostile-takeover-bid/?_php=true&_type=blogs&emc=edit_dlbkpm_20141028&nl=business&nlid=69790154&_r=0
|
0
|
2014-07-27
| null |
2023-07-27
|
1,007 |
12
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11 Reasons Why Getting An MBA Beats Getting A CFA [Business Insider]
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http://www.businessinsider.com/mba-better-than-a-cfa-2014-10
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37
|
2014-07-27
| null |
2023-07-27
|
1,008 |
8
|
Who's in Fixed Income! I have some questions for those who work in this field
| null |
43
|
2014-07-27
|
Finance major here with a few semesters left and have taken a keen interest in fixed income specifically. Im curious as to if those who work in this field find it enjoyable and challenging on a day to day basis? I'm interested in asset/portfolio management, securities, and trading. What is your work environment like? Is it a hard industry to break into? Did you take any internships at the company you work for before you got the job? If this is something I decide to seriously pursue, how can I give myself and advantage or more credentials in the business? CFA?
Thanks!
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2023-07-27
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1,009 |
11
|
As an increasingly depressed college senior, I'd like your advice.
| null |
71
|
2014-07-27
|
So just some brief info:
Graduating in the spring with a double major in Finance & Accounting (non-target, state school, southeast/midwest)
3.3 Finance GPA
3.2 Accounting GPA
3.0 Overall
Wealth Management/Equity Research Internship
President of school investment club
VP of Entrepreneurship club
Experience with DCF Modeling, Bloomberg, database lookup functions
All GPAs are likely to increase, especially the major GPAs, before I graduate (my GPA is low primarily due to a health condition which has been taken care of but the damage has been done). I'm growing increasingly concerned with my prospects upon graduation. Public Accounting firms thought I was too interested in Finance by my club/internship experiences (sometimes they even flat out said it during the interview) and the only finance positions our university has listed through our career site are sales-oriented (I picked up accounting to avoid that fate).
Honestly, what kind of chance do I have at finding a financial analyst-style position? I realize the ambiguity in that job title but I ultimately want something that pays well (i do have loans), does not require me to sell a product or try to persuade potential clients, and will challenge me to constantly learn and apply what I know. My university's network is horrid and I'm already in the employment office several times a week.
TL/DR: College grad in spring, wants a non-sales job, concerned with job prospects
1st Update: Guys I just want to thank you all for your advice. It's been a rough week (3 rejections on Monday to start the week off) and I just needed my perspective to be brought back to earth. You guys are wonderful and I appreciate all forms of advice, no matter how dry/realistic; I know the market a bit better than most college grads but clearly stress is blinding my view at the moment.
2nd Update: I think you guys are getting hung up on the idea that I don't want to do sales because I don't want interaction. I don't want to do sales because I don't think it's an admirable profession.
3rd Update: I guess I should clarify this because I feel like there's been some miscommunication. When I say I don't want to work in sales, I'm talking about selling life insurance for a company like Northwest Mutual. I'd kill for a S&T job with a BB firm. I think we can all agree those roles are worlds apart from each other.
Final Update: Thanks again to everyone that provided meaningful feedback that I can use moving forward. I always welcome criticism so long as it's constructive and I can take something from it. Sorry if I seemed down; obviously I would never admit that I'm upset in front of someone from a prospective company. I appreciate the several "cheer up" comments, they are additionally appreciated. Best of luck to everyone that helped and have a good weekend!
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2023-07-27
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1,010 |
74
|
Redditors in the Finance industry (Analysts, Sales and Trading, and Investment Banking) What is something someone who wants to get into your field should do everyday to get them ahead of the game?
| null |
95
|
2014-07-27
|
Things like what to read, news stations to watch, terms to familiarize yourself with, etc
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2023-07-27
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1,011 |
20
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What's it actually like being a stock broker or an investment banker ?
| null |
49 comments
|
2014-07-27
|
Just looking to learn. EDIT: I'd like to know what an average day is like.
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2023-07-27
|
1,012 |
Vote
|
Hi, Reddit! This is Master Sergeant Kris Tomes, signing off! Thanks for joining my AMA. I hope you learned more about the U.S. Air Force Special Warfare, our missions and all the incredible opportunities you can explore. If you missed it, catch up on everything here.
|
https://alb.reddit.com/cr?za=GdhxjZ7PhkBKUBFiYtRwfniM-hjHvevmVyFmZ1qlwVWdaXyDCz5iypnXhNmstbKccvCJkmAadu1gJzplxtBobVnmOIHlbz91Yx1tpgMBaiOLpK3jkXzdZkCmXxPL5dnjbP0EEVMl8mr7tZejifXpkOThsSvZdHML-l7i7yi46-gsYj8JW72w3K3fTPPVa1ozKhw63Cknt3qkfwiAXUSVZT6kGenK1SM8Ed-RPssAWyu5w5qgjsOb5mnINwBEjJnmXuIJR2UF0oi--MXLjOPi0CnMLde5q-e075344VivmA9e59aHovM__JNcH57NlRYpEabeOLPLMGKx1v7TCab32wCBiHNKfCytOIr07dilRUlOGDDEt-w3w8KUb_hj4D2yzg&zp=kBENkhE8lPjmDoEqmp6glTCFBs6oZpJjNfemo4mCgwafXKdF9K8qSWCoiIMI6w02tqLGKpRDBIws5gru1tZQO4UiKi30J0sWT2Lk8qa7_pMm2DkiEgDp7vzP4MUtlTi60UmH-utxPjwJGnY7Tj3VGgh4RUzZUpPAtF_0CW85Nk2lcgARCJiGTBcDgvh0xgVO1uBWLJDvp1BzuQAeWu_b23--sRtlmhaf0TjRHGBQ6LpsjNb5cPt8ybRV5HCOV6Y3iWJJ9fP0gnXthvdWWVfLX5Qld5ePARtQw45mc-y750SLDaTU-21UMZ6-LHTMKb0-1NOSGxmrWd9Aa3sveA
|
0 comments
| null | null |
2023-07-27
|
1,013 |
72
|
Coursera Financial Markets by Robert Shiller second class starting October 20, 2014
|
https://www.coursera.org/course/financialmarkets
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5 comments
|
2014-07-27
| null |
2023-07-27
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1,014 |
0
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Finance companies hiring engineers
| null |
11 comments
|
2014-07-27
|
I have heard that some financial institutions such as Citi and Bloomberg and other financial institutions hire engineers from time to time. I am a Mechanical Engineer graduating in 2015 and I wanted to know more about why financial institutions hire engineers and what are realistically my chances of being hired by a financial institution.
|
2023-07-27
|
1,015 |
16
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[Finance ELI5] Can someone explain how corporate bonds function?
| null |
29 comments
|
2014-07-27
|
I've recently been discussing this topic with a friend of mine, and the whole time I thought we were talking about treasury bonds. Apparently it was about corporate bonds, which i have no understanding of how they are bought, sold, or held.Thank you for any advice in advance r/finance!(edit 10/7 5:55PM) wow, a huge thanks to all of you, especially those that provided some reading for me to do. hopefully I can get my hand in the cookie jar soon enough!
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2023-07-27
|
1,016 |
4
|
How does one become a hedge fund manager?
| null |
11 comments
|
2014-07-27
| null |
2023-07-27
|
1,017 |
59
|
Best academic book on Financial Markets (and investments)?
| null |
30 comments
|
2014-07-27
|
I'm a second year finance student and a while back I asked r/finance what is the best academic book on corporate finance. I got a lot of helpful suggestions and I ended up buying the Brealy, Myers and Allen one.This time around I'd like to ask for suggestions on academic books concerning the flip side of the financial world: Financial Markets. I'd be interested in a book that covers investments pretty thoroughly too so that's why I threw that in the title.So any suggestions on what's the must have academic book/s on Financial Markets?
|
2023-07-27
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1,018 |
8
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Anyone here work in global macro or have experience/knowledge of the field?
| null |
35 comments
|
2014-07-27
|
I'm an Econ graduate student with a passion for finance, financial markets, asset pricing, etc. Would love to learn more if anyone here is experienced. Interned at a company this past summer and the most intriguing group was global tactical asset allocation. Any suggestions of reading materials on the subject and good entry level positions to transition into global macro would be greatly appreciated.
|
2023-07-27
|
1,019 |
3
|
Cash Flow based on EBITDA
| null |
11 comments
|
2014-07-27
|
i need help, i am doing this assignment for a school and the teacher is asking to calculate Cash flow based on EBITDA.I am a little confused isn't EBITDA another way of calculating cash flow?If this question makes sense to you please let me know :)Thank you
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2023-07-27
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1,020 |
21
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Is life better as a buy-side analyst?
| null |
14 comments
|
2014-07-27
|
On the sell-side you're always, well, selling. Constantly convincing clients of the value of your work and, well, of yourself.What about on the buy side? Do you need to constantly convince clients of your raison d'etre? Can you just sit back, enjoy the analytical puzzles the markets throw your way, and model accordingly? Or do you also need to sell yourself all the time?
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2023-07-27
|
1,021 |
Vote
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Verliebt, verkatert, hyped oder entspannt. Das Radio SRF Virus ist live mit dir, für alle deine Moods. Mit unseren fünf Hosts mit fünfmal mehr Charakter. Jetzt reinhören und mitreden.
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https://alb.reddit.com/cr?za=o1W4vozuDSU4jBBwFkgT_ECRojDz8Do2hQhtxG6n6U30aYYOFUpoMKYVoygGTwJzBphrmEoIXs-ow9L2_RWVdtDejBplH7Pa8bdvFoKp-TgJZaxvodJZxSzHgngL8kh_xYImaWmlqRcDO_PqBd0N1xD6Vv2xlDA7P2Rm3S5K8qV9qAQnUELtJswH4YnwqQLZJoGiwZW5AMeY5x3BkYhxTl9OYKU8LubVWfgUf1CpEUv07lYNkW4qxtLjUUZtINI6hGOLewXA7yqE1ECF1IWVmazhPbek73Dso7X9615AFFfAAdMQVGvu-te6Mg3ABcLc4pxwslbOXwj_0zoxuqsPmvDYn444ZL_FZZtmQC-Ux6WllhRtUOqKVdDSqP8cTCLZMg&zp=JBIwooYMR508rw12VdC7MuoFPUyLbeh9eJgWsmvM2ziGK6XiDPErM-bW3WDPdTn7uGXpjJl2Z7A8wN3WsYDaFHwfEN4LvCDHRTlx5Aw0eJs84iu2PgQ3THkssgMax8l9d1uHleO8G8kJui-cC85kigdFSbssm20DpbiGfHO9vdL09LsvTGgwq_BuM2xW2flu3stbJsF2qe_bFdCQ3qDABQZtS7POCweF0uuJT0_DK0f4xQm8TEfEc3NQ9T1To0d59cYzTihWdQ
|
0 comments
| null | null |
2023-07-27
|
1,022 |
7
|
AMA Request: Anyone who's ever worked at Pimco
| null |
15 comments
|
2014-07-27
|
Even just for a little while. C'mon, you're anonymous here.
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2023-07-27
|
1,023 |
4
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Is it even possible for me to break into Investment Banking (Canada)?
| null |
10 comments
|
2014-07-27
|
I'm currently attending my final year at a college in Canada. It's far from target (Seneca College) and I wanted to know if there is any chance at all for me to get into IB in Canada. My program is mainly accounting and I've had some work experience in that field and I have to say it's dull as hell and I can't stand it...However I've always had a passion for the financial world, I love to read up on the markets and BNN is literally always on at my house... Anyway what the hell can I do to get into ib? Is it hopeless??
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2023-07-27
|
1,024 |
35
|
If you had a mind map of things you could learn in Finance, how would you do it/organize it?
| null |
23 comments
|
2014-07-27
|
Would you separate it into functions like IB, AM, WM, Corporate, Accounting etc. or by just techniques like Valuation, Accounting or by some other metric? Would you include even things like Financial News as a separate category? Or soft skills?Just curious on your thoughts (second year analyst here).
|
2023-07-27
|
1,025 |
0
|
What are some of the best companies to be intern at?
| null |
14 comments
|
2014-07-27
| null |
2023-07-27
|
1,026 |
25
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The real Olive Garden scandal: Why greedy hedge funders suddenly care so much about breadsticks
|
http://www.salon.com/2014/09/17/the_real_olive_garden_scandal_why_greedy_hedge_funders_suddenly_care_so_much_about_breadsticks/
|
40 comments
|
2014-07-27
| null |
2023-07-27
|
1,027 |
2
|
Strange question: How many of you guys smoke weed?
| null |
12 comments
|
2014-07-27
|
I'm a year into the business, and my current company does not drug test so after quitting for a few months, I started back at it again and have been smoking almost every day at night. I wanted to ask this question in this sub specifically, as this pertains to my career.Just curious as to how many people here smoke, or if you guys have friends/colleagues within the industry that partake. In addition, what is the general consensus about this topic in the industry (not investing into the pot business, I am only curious as to who actually uses it)?
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2023-07-27
|
1,028 |
30
|
Blackstone's Hilton Deal: Best Leveraged Buyout Ever
|
http://www.businessweek.com/articles/2014-09-11/blackstones-hilton-deal-best-leveraged-buyout-ever
|
2 comments
|
2014-07-27
| null |
2023-07-27
|
1,029 |
29
|
Be Nice to Underlings, Jefferies Bankers Are Told
|
http://dealbook.nytimes.com/2014/09/08/be-nice-to-underlings-jefferies-bankers-are-told/?_php=true&_type=blogs&_r=0
|
25 comments
|
2014-07-27
| null |
2023-07-27
|
1,030 |
Vote
|
At Vanguard, you invest in what’s important to you. So we do, too. That’s the Value of Ownership.
|
https://alb.reddit.com/cr?za=1U0sZwpXndbHf2-cdCUkxlQD26s-x3QPVG251CxXLrQOZJGWbRKMs34OWTEvZqk6BFuIQ-QkDgIHwWMrbspZrUZgcEEuAK65z54jSidQRbzfoMN1fHOogR4_m3aFVU49tyenVbIgyeS6SxFbe9gKWuvb8wNgmEqm9ItOfaigi2zM2xk58W4qjSij_rVXVPuCe0BEQs0XZtwkNYmV7n1Cff7k9admxPMmTtPClAXep46ORb9jBPjpX8Hwg8RDoi8M9nxY-KgnPMJur3KSj32MLAk_rxS8QsxVAMhRYx_GI8wjynetUByvS2vFY1T2A6kpeiERgQCr0LKCKcGYHEPJxmfXXmz0kCJJ5KvlbK1URIxygmUhTUuf0FEH9wRD1s0mYw&zp=US17MPBT4mKE12f2hrxTIyeEFwgASdLed4f3gRM9T8wz__hT1xeuK_ocujNryJqsiRdcdF9OgTk8c4-ymOxzYROGxeZKr3dZFGyRdu5LTEgMObvA2JyqGI_Ax3Aoz73NMu69nzIhQsJ83ZaL8T0vWg9_HE9WM_gRVH8Fvxy_gDi5LsGPgUoEc76IlK1vfW7t04ryyVfQZGfV1YipxatCjSUjMAIpFeDeEd3MdHofX18G90uixFu_GIlICr3fS2iccOWfMIXt40dTqPBXPihLCdLas7gKr-PeIFxD0kz2eXApIS5mYZjTS9T-v28Srjj4_jTNe-ejogzQhsIAoiHzFQs-eGelg10d3vsUCXSuFQMmAqqm9ud6KGR90ALnXekvZQ
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0
| null | null |
2023-07-27
|
1,031 |
5
|
Is there a Subreddit for Finance homework help
| null |
11
|
2014-07-27
|
Just wondering if there is a specific subreddit for posting questions about finance that are directly academic related and not "life" related
|
2023-07-27
|
1,032 |
56
|
Coursera course, An Introduction to Financial Accounting, begins today
|
https://www.coursera.org/course/accounting
|
9
|
2014-07-27
| null |
2023-07-27
|
1,033 |
2
|
Using Black-Scholes directly to buy or sell options
| null |
21
|
2014-07-27
|
I know Black-Scholes has its problems and shouldn't be used to price options without a careful analysis, but I'd like to know what would be the result if it were used directly to buy or sell options if they seem under or overpriced.
Of course even this simple strategy has many variations, but I tried to look for an article that backtests something like it and I could not find anything interesting.
Has anyone here read anything about it?
|
2023-07-27
|
1,034 |
162
|
A Day in the Life of a Financial Advisor
|
http://www.youtube.com/attribution_link?a=7iniy9ShDLs&u=%2Fwatch%3Fv%3D2tfB-SSYL1A%26feature%3Dshare
|
64
|
2014-07-27
| null |
2023-07-27
|
1,035 |
70
|
What is the craziest or most interesting finance fact you know?
| null |
116
|
2014-07-27
|
One that when you read it, it sounds unreal.
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2023-07-27
|
1,036 |
0
|
Why are Banks not considered [a form of] Ponzi Schemes?
| null |
26
|
2014-07-27
|
Similar question on stack exchange BTW Http://money.stackexchange.com/questions/5400/why-is-the-fractional-reserve-banking-not-a-ponzi-scheme
Update I would like to update this post to forewarn any newbs or other people with honest questions about financing principle's in general.
I came here to "ask" a question that very few of us in the United States fully comprehend, finance, ponzi schemes, etc. Let's just play a mental excercise for a moment. 30% of the US are college graduates
Source: http://en.wikipedia.org/wiki/Educational_attainment_in_the_United_States ~25%
So... maybe 25% of the US population is "educated" enough to answer this question... but wait, there's more.
Out of that 25%, maybe only half of those (being generous here) have a business major to answer such a question.
So that pushes the # down to say 12.5%.
And out of that 12.5%, maybe some of those people DID TAKE THOSE CLASSES and still don't have a full grasp on the concepts involved.
Well... be careful if you post your question here. Your ignorance will not be met with kindness. Instead, your lack of knowledge can be met with hostility.
Cases in point:
If you honestly think that verik's summary is insufficient, you cannot critically think about your opinions.
You need to take an accounting course. Badly...
Yeah. So this is a common trend apparently. People are outright rude about the knowledge they have that other's don't and are willing to shame others to a point even if the original questioner has stated "how am I wrong about my viewpoints/understanding of ponzi schemes/fractional reserve banking."
so yeah. Careful out there. People can be... Less than polite... to those seeking to expand their knowledge.
I do take part in the blame. I mainly was wondering if such a setup, "was possible" vs whether it was a "ponzi scheme".
Original post
I guess I should ask...
Why can't I use "banks" to create my own form of "legalized" risk reduced ponzi scheme?
Yeah, red flags all over the place for this post, but still...I was thinking about it.
Basically. I go around, and I promise people a rate of return, and actually provide it by being allowed to "lend the money out" (x10 over) due to the fractional reserve system.
So I return the 110 (100% + 10%). The rest of my initial "capitol" which is $1000 due to the fractional reserve system (x10 of your initial deposit), I lend out; or instead... just buy govt securities that have a guaranteed rate of return.
Why would something like that not work; or, how am I wrong about my viewpoints/understanding of ponzi schemes/fractional reserve banking.
I mean... If I can spend:
100$
and lend it out
So I promise my investor's 10%.
So I owe $110.
But... due to the FRACTIONAL RESERVE SYSTEM.
I can "lend out" up to x10 my initial investment. HERE'S THE KICKER, MY FREE CAPITAL: I can use up to x10 of the 100$, so that's 1,000$!
So... if my investment is
$100.
And I need to pay back $10.
Can't I do something "simple" with the remaining 900$ of capital I have to work with (through lending is it? Does buying govt securities count as "lending"?) to guarantee a tremendous rate of return on my initial $100?
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2023-07-27
|
1,037 |
11
|
Studying for Series 7. Any tips?
| null |
14
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2014-07-27
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Hey r/finance,
I have 6 weeks to study and pass my Series 7 exam (I have 1 shot). I took off this past week from work and have been reading the STC book non-stop. I just finished the options chapters and I'm winding down to the final stretch. I'm signed up for a 4-day STC class next week, and the rest of my time will be spent on practice exams.
The Investopedia Series 7 options explanation was extremely helpful in really understanding all the moving parts of options. Does anyone have any other, preferably free, resources I should check out that could help on bonds, or any other key concepts necessary to pass the 7? (Emphasis on free)
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2023-07-27
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1,038 |
16
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The Toothbrush Test for Tech M&A
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http://dealbook.nytimes.com/2014/08/17/in-silicon-valley-mergers-must-meet-the-toothbrush-test/?module=BlogPost-Title&version=Blog%20Main&contentCollection=Mergers%20&%20Acquisitions&action=Click&pgtype=Blogs®ion=Body
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6
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2014-07-27
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2023-07-27
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1,039 |
16
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A review of Fantex, the exchange that lets you buy a stake in Sports players
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http://ftalphaville.ft.com/2014/08/17/1925452/fantex-puts-points-on-the-board/
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0 comments
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2014-07-27
| null |
2023-07-27
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1,040 |
Vote
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Verliebt, verkatert, hyped oder entspannt. Das Radio SRF Virus ist live mit dir, für alle deine Moods. Mit unseren fünf Hosts mit fünfmal mehr Charakter. Jetzt reinhören und mitreden.
|
https://alb.reddit.com/cr?za=ec-x157-y4th0mOdYvhE9N-551vn5N_3C_l-67IkXLz-Q6YBKjqfwl6fq9JdnTo3KbRPxFoykbHQmyHPa4nq4GJBdvf0CCbVQC2Zrf_le6xX33nBI5kTPLNKG47ZC9UowwZa1hc_s0a-MK6MbD9pPKaNk1ncx2uTlVNjqQhcE_nW8UkIMYYli11xQ9OgpNYyDzVliGYcxsfFkgA1p3avRZd8BTWlWmwTLmaLHa25rfTibDJY75rKJfYX9jWT2rq284OyWgqpH0iEjJK06IE6iuuGPXSWQBZRJ8NB-48BVou-bO5G68UqP3ixZ13pFu2YU0S19xe_UNlnrFdSWLANvYkPoO03uZcglntQ5nZ749GQzRBaCT13vBpsjSk82FwJ6g&zp=O5w_JAOmuQ_1c5LLUxM23aZ11z3KFLiriF8f5A5EaffSwOkTn_q7AqhRe1umJYhiWB5-ONa_qhLwb5bO7H78WyHJNYewsuWoaHfOn-6rJmNJ3zyAcQrjTdyQsNnCSwtrYFQjSP-YdOaHLSBVDUqy7ME1sZw7Cpqv-HyYyKb7oXPoXsTg12d0dhxIve70WFEl2L1fPMnabcYkWz2CwT2etC00Zcu1QTHCwCoFuW1GKqU9PMMEDsT37ZIkin3sz2M4oaMkhqBvwg
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0 comments
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2023-07-27
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1,041 |
60
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Is work-life balance really that bad in finance?
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94 comments
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2014-07-27
|
Hello all,I have an accounting undergrad and will be pursuing my MS in Finance this next year. Afterwards, although I am not entirely sure where I want to work yet, I am looking forward to an intellectually stimulating and lucrative career.However...There is a lot, and I mean A LOT of negativity on the internet about the work-life balance in finance. A quick Google search turns up a number of financial professionals who have written about the horrors of regular 70-80+ hour work weeks, overly demanding bosses, and general unhappiness with their career paths.Now, don't get me wrong, I know finance is tough and I am prepared to work hard. But still, at some point in my life I want a family and time to pursue hobbies. I simply refuse to let work consume my life.So, I suppose the question I am posing to those of you in the professional world is how do you make work-life balance work? Are finance jobs with 40-50 hour work weeks that uncommon?Thank you ahead of time for your responses.tl;dr: I will be entering the financial world soon, and there is a lot of negativity on the internet about work-life balance for these jobs. Is it really that bad?EDIT: Thank you all for your informative responses. I really appreciate your willingness to provide me some insight into your careers.
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2023-07-27
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1,042 |
36
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How did you break into the finance sector?
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28 comments
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2014-07-27
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As the title says, how did you break into finance? Networking? Brains? Luck? Alma mater? Actually having a finance degree?As an recent Economics grad, I'm finding it very tough to get into the field. I had one internship at Morgan Stanley during my Senior year. Other opportunities were limited based in my experience to qualify for other internships.I'm leaning toward becoming a Financial Analyst & to help prepare myself, I was thinking of taking excel classes an enrolling in a finance certificate course. My network has been tapped out, many of my parents' friends just tell me to "Never give up, all you have to do is keep applying and talking to people in your network." "You're a smart kid, I know you'll be successful in our world!"I've considered getting my MBA, but don't think it is worth it considering my lack of industry experience and the opportunity cost of being out of the workforce I haven't even entered.Any advice is highly appreciated.
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2023-07-27
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1,043 |
12
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People working on Wall Street how did you get there, and do you have any tips for people who want to pursue a career in finance. (Me)
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18 comments
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2014-07-27
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I would appreciate any advice :) I am currently a sophomore in university studying financial economics
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2023-07-27
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1,044 |
53
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Brad Katsuyama: 'Flash Boys' and the Speed of Lies
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http://www.bloombergview.com/articles/2014-08-03/flash-boys-and-the-speed-of-lies
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31 comments
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2014-07-27
| null |
2023-07-27
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1,045 |
12
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Kaplan Series 7 practice tests vs. the real thing
| null |
15 comments
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2014-07-27
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How do the two compare in terms of difficulty?I am kind of freaking out right now. I was doing well (~80%) on all of the individual sections, but I'm only getting about 73% on the weighted practice exams.Edit: Thanks for the encouragement everyone. I went to bed instead of cramming and got an 83%.
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2023-07-27
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1,046 |
127
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Honest day-in-the-life of a sell-side trader. Also AMA.
| null |
137 comments
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2014-07-27
|
THE SHORT VERSION7:00am - Arrive to work.7:00am - 4:30pm - Try to make as much money for the bank as possible.4:30pm - Leave workTHE LONG VERSION6:10AM - iPhone alarm rings. I check my work email for an overnight commission report to check my revenue total from yesterday and my YTD commission number. I get out of bed.6:15AM - Shave, wash my hair, eat cereal, eat a piece of fruit, get dressed.6:40AM - Leave from home.7:00AM - Arrive to work and head to our morning meeting. I will typically provide a short re-cap of the developments in my market. There are other speakers as well. New York, Montreal and London are tuned in via video conference. Few people are really engaged or paying attention.8AM - Drink one small coffee. Start reading market news, commentary; look at US futures markets, overseas markets and what the bond market is doing to try and get a sense of market tone.8:30Am - Start working on my morning "runs" - a list of various stocks and prices where I am willing to buy and sell/short out of my liability/prop inventory account. Send that list to all my clients via email along with some daily market commentary.9:00AM - Start chit-chatting with a few clients on phone and IM because this job is all about relationships. Monitor changes in the market pre-open. Make sure all my client orders and algos are set up properly for the open.9:30AM - Market open. Trades start trickling in to my trade management system - some for client, some for inventory.10:00AM - I read emails from my backoffice desk telling me certain trades from yesterday are failing to settle with clients. I follow up with the clients to figure out where the discrepancy is (client usually typed in the wrong price, or wrong quantity or forgot to tell their custodian).10:30 AM - Get asked by the intern what I want to eat for lunch. I pick something and give him $10. I thank him every time because I feel bad for him.11:00 AM - I scour the market for mis-priced securities. I buy cheap and sell expensive. Call clients. Leverage trust and relationships to obtain information - what are they trying to buy, what are they trying to sell? Do I want to be the counter party to their trade? Does it make sense - Is it cheap or expensive? Trade some stock.12:00 AM - Lunch arrives. I thank the intern again. Eat lunch at my desk. I can never leave my desk.12:30 - 4pm - Same thing as @ 11AM. Negotiate prices with clients and trade blocks. Read reddit for a bit. Look at some cars for sale on autotrader. Trade more stock. Plan a lunch meeting or drinks after work with a client next week and make reservations.4:00PM - Market close. I organize the days trades into various accounts and make sure all my inventory and client trades are pushed to the right accounts. Send out emails and IM to clients advising them on quantity, price, stock symbol and commission and sometimes CC my backoffice. Client tries to pressure me into paying us 3 cents per share instead of the usual 4. I give in.4:10PM - On my calculator I do some rough calculation to get an idea of the revenue from client commissions that day. On good days I feel neutral, on bad days I feel worhless because I have been conditioned to feel like that by the culture here.4:15PM - I get a call from my backoffice guy advising me how much my inventory is up or down (daily mark-to-market). I send an email to management so they can see it if they care to.4:30pm - I leave work5:00pm - Arrive home. Go to sleep for one hour because I am completely drained mentally.EDIT1: rephrased a few words for clarity.
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2023-07-27
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1,047 |
2
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HSBC: the bank that likes to say no to Muslim accounts
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http://www.theguardian.com/commentisfree/2014/jul/30/hsbc-bank-no-muslim-accounts-finsbury-park-mosque
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13 comments
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2014-07-27
| null |
2023-07-27
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1,048 |
34
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Books on Corporate raiding and hostile takeovers
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18 comments
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2014-07-27
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So recently I'be been reading a lot about Carl Ichan and am planning on writing a paper on him for an English class, but the main problem I've run into is although I understand what he did I'm having a hard time figuring how how he gathered the capital to try and buy out some of the companies he did, especially RJR Nabisco when he started out as a broker. On the technical side of things I'm wondering how he managed to take companies and make them fail and end up with money at the end of the day. Are there any books that could enlighten me?
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2023-07-27
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1,049 |
Vote
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Hi, Reddit! This is Master Sergeant Kris Tomes, signing off! Thanks for joining my AMA. I hope you learned more about the U.S. Air Force Special Warfare, our missions and all the incredible opportunities you can explore. If you missed it, catch up on everything here.
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https://alb.reddit.com/cr?za=PMpt_hMSjmRefAfA1C9v0PbR7DIQrSNEvurubob9At-FKUPJHBmDEIfhNppZa5NNFXSILJLoa3PpS83gTCtGsga9gHLIXq7xGFvTiJVk8Atb8PLhQvGax4-sKaYn2vV5m8N8QUbYbn13S4uoLG1JwT9MMzqHxYfALKDa_v-rpIt9PMWDgF29uaUS4n8WPBNf5HycVD5LjMxMcjiXNT_tHUZyKjMiNYVMg6yiqvRuMsp8BBuEcbqw-6n-E6LsCPIsM6QHqNXUXuT1MmpzM4wLXMsLp728vv9Ch5hkrguapy9Tcjh5IV-yuai3_RV76Y6KlCTLI4j51W-3LddrF7HCa4QU1Y4pRh_AmxfRRN7rZcxgn4Z-I1o5L0wFLDbrTYPKfw&zp=cv97duY40Si3ohrZeQvNPirqd0s9fquir24VFQ1PGOgqxHHWFo0ao1RKl9F6C5VRHT4-ESRzmWdZM-dRko6J6r8DwLUi0rHwJiSvce71BHksZ2XwGZlyvK4jZD6-85kEmo36ztz-BTIc1tycHwKzS47bHzX4ELawx82-xntvS-sv5bLUZ-coVuqLf6nceVGZiFKR776gMsJAfPOJwA-_MxAzkqwhobFSTJLyOKJ_5SfRdAG5DbDBbNqtwPAgkuQ0CdcW-n1NbOhoGbrbqtHIAO1m02N8Iq4fMK6fAvjsHmiw2U0t_Hd4kAFT7qQUad-3Eq_zpT3iMY1bKg_BbQ
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0 comments
| null | null |
2023-07-27
|
1,050 |
4
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Would anyone recommend reading Beating The Street by Peter Lynch?
| null |
7 comments
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2014-07-27
|
I'm trying to grasp a thorough and fundamental understanding of some basic investing concepts. I work in finance currently, was an econ undergrad, and recently took level 1 of the CFA -- none of which has provided me much insight into investing, honestly.Is this a good read? Any other suggestions?
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2023-07-27
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1,051 |
63
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People Hate Bankers Because People Are Ignorant
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http://www.bloombergview.com/articles/2014-07-16/people-hate-bankers-because-people-are-ignorant
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155 comments
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2014-07-27
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2023-07-27
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1,052 |
24
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Any successful full time traders (futures, forex, options) here care to share their experience?
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49 comments
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2014-07-27
|
Hi I just found this sub reddit looks pretty informational here with plenty of people working in the financial industry. I'm a 26 years old part time forex/options trader at the moment, I want to make a decision on whether I should look for firms(prop shops or hedgefunds) to join or go full time trading for myself. I was wondering anyone here with trading experience like to share their success or failure stories? Should I be looking for firms to join or build up my own capital to trade for a living.
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2023-07-27
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1,053 |
8
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Best Academic Books on Corporate Finance?
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14 comments
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2014-07-27
|
Hey readers of r/finance!I'm an undergrad studying Finance at University. I'm really interested in Corporate Finance, more so than financial markets and I'm probably going to eventually center my thesis around some application of CF.So my question is, what is THE academic book on CF? I'm looking for a really informative and well written "bible" in the same way that say, Marketing Managment is the "bible" for people studying Marketing. I'd like a book that I can pick up in 5-10 years time and it will still be highly relevant and informative.Any suggestions? If so, what did you like about the book and why did you think it was good?Cheers!
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2023-07-27
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1,054 |
0
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Calculator for Finance and Engineering
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14 comments
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2014-07-27
|
Hi everyone, I am after a calculator that will suit me for doing both engineering papers and finance papers. The main two calculators I have had my eye on are the TI BA 2 Plus Pro and the HP 10B2 Plus.I would like to know if anyone is currently using these for both finance and engineering subjects and whether or not there is another calculator out there that might fit the profile of what I need.
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2023-07-27
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1,055 |
106
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Best online financial modeling course?
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32 comments
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2014-07-27
|
I recently graduated with a BA in finance and am looking to take an online financial modeling course to further my understanding of Excel models and other valuation programs. I am also hoping that this helps make me more attractive to potential employers. I took a couple courses in school that involved modeling, but I feel that there is much more to learn.A quick Google search showed me courses by eduCBA through Udemy, Wallstreetprep.com, and breakingintowallstreet.com. Has anyone taken any of these, and if so has it been beneficial? Also, are there any other courses that may be better and/or cheaper?Edit: Thank you for all the replies! You have all been very helpful!
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2023-07-27
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1,056 |
2
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Hull's "Options, futures and other derivatives"
| null |
6 comments
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2014-07-27
|
I'm beginning my studies in finance in two months. I was thinking of buying the previously mentioned book, but I was just wondering what's new in the 9th edition? I'm tempted to buy the 8th edition for a fraction of the price as long as it's mostly the same and then read the new parts in the library. Any other recommendations?
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2023-07-27
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1,057 |
24
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Those who graduate college with a degree in finance, could you please outline what exactly you learned?
| null |
55 comments
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2014-07-27
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I am a lurker at r/personalfinance and r/finance and the more I read the more I realize how little I know. I'm a college student who has no technical skill with computers/engineering/science, and I don't want to waste my money on a degree like English or Gender Studies (no offense intended, fact of the matter is these are not very high-income, high employment majors). What can I expect to learn with a finance major?
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2023-07-27
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1,058 |
Vote
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I got 132 IQ on the international IQ test. It's probably the most accurate online test. How high is your IQ?
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https://alb.reddit.com/cr?za=FpwOxC4ZNszf9iSBmTNU4AfoI-w7WpDVaYFDyRMCsL4FqWBmPcTG8cXZaBD0VNGM87FkwwqZn2SmEgyMcBtyQOF4ng9j2Et40JlKhMVgjaBJy6Bk_RgMWmvaJcE06wVnLDJePyOnGxoeNp8PZpwwTVOYsNiPCcJ80EXq4ZNHMqwFHlHqlwX2Y7HjPOpT63WPhQZ5qQqIVIo0MsHt_D3j_LdS92Zu7nNE24oD67KIkoQna30o2fGyX7oBrVrAdfw0GEroo2vEB3DY30EQzXCpxhJ1ML3GkpIC1D532OA8wPinSTGE0Ps37fg775rSuPuLobOkbEocH-LiCgmVNtP4Mq1iFiUdHK9LFkdFK6IzcOfGnDo0j8BkeCpQiSomaKuSHFwRP-aL&zp=qH8biBcTIR_Hrm7mmZYXkQfJKPQ3-n9shYWRBV4B-j8CfNVrfD8P4fUjJ0_yvb6z6p2NqeXy8OJAxUmroyB51OLt4oN3Z2ACRb5XfAGn-vmiIiHapopA_kRiEnlgVN_Sa1CT0JTvsuXo5zlsDNAHcuUZOKyoI_BlbWV-OYMuJXGTikcJB1ow
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0
| null | null |
2023-07-27
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1,059 |
7
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What is the difference between NAV and AUM for leveraged, long, short fund?
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9
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2014-07-27
| null |
2023-07-27
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1,060 |
74
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Morgan Stanley Gets 90,000 Summer-Program Applications
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http://www.bloomberg.com/news/2014-06-24/morgan-stanley-receives-90-000-applications-for-summer-program.html
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48
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2014-07-27
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2023-07-27
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1,061 |
46
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Finance majors: When somebody asks you why you are majoring in finance, what do you say?
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76
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2014-07-27
| null |
2023-07-27
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1,062 |
18
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Any opinion on "The Alchemy of Finance" by George Soros?
| null |
7
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2014-07-27
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Anyone read it or have an opinion on Soros' book? I'm just getting through it now but his most groundbreaking ideas IMO like the reflexivity theory, power of speculators to influence the "fundamentals" and credit cycle seem to be at least understood and accepted amongst sell-side and buy-side these days when producing research. Is there a suitable follow-up or other recommended reading you could suggest? Thanks!
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2023-07-27
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1,063 |
4
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Where can I get free financial or economic data?
| null |
6
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2014-07-27
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I want to practice my modeling skills with R and Excel, but I'm not sure where to get all the information. US Census data is pretty unorganized in my opinion. Let's say for example, I want wage by gender or treasury bill rates, where can I download that?
Also, are there exercises I can follow that will walk me through modeling? Thanks.
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2023-07-27
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1,064 |
16
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Can someone explain black wednesday (how Soros 'beat the BOE')?
| null |
16
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2014-07-27
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I've read various sources about the history and context, but could someone clear up the relationships between currencies, interest rates, and inflation? (or maybe provide a link to a source which does it justice)
I'm staring at the interest rate parity equation but can't seem to connect the dots...
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2023-07-27
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1,065 |
26
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What use is the Bloomberg Aptitude Test?
| null |
16
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2014-07-27
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So I took the BAT earlier in the year, and scored in the 97th percentile. I guess that's ok, but my question is does it actually mean anything to people who are hiring?
For instance is it something you'd mention on your CV when searching for a job?
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2023-07-27
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1,066 |
4
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Any tips a newbie should know about Equity Sales and Trading? (more details inside)
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25
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2014-07-27
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Just for starters I'm a college student who was given a slim chance at meeting a potential future employer.
I have a very very special opportunity to meet with an important person in the finance world - any advice that would make me more knowledgable would be extremely appreciated. I'm very interested in the field and currently about to start (and hopefully finish most of) the Vault Guide books on Sales and Trading and Banking. The person I'm meeting with is the head of Equity Sales and Trading
Any serious advice for the meeting process or just finance in general would be amazing. Thanks for taking the time to read this!
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2023-07-27
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1,067 |
0
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[serious] Best way to end several credit card debts
| null |
6 comments
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2014-07-27
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Hello RedditI have been using some personal credit cards to make my business float (I know it's a mistake) and my debt has grown quite a bit, up to 28k using 3 credit cards.Someone told me that I should pay the small debts first then the larger ones.Does anybody know another way or can make a suggestion?Thnx!
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2023-07-27
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1,068 |
Vote
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Verliebt, verkatert, hyped oder entspannt. Das Radio SRF Virus ist live mit dir, für alle deine Moods. Mit unseren fünf Hosts mit fünfmal mehr Charakter. Jetzt reinhören und mitreden.
|
https://alb.reddit.com/cr?za=nEBsXgRT6gvbyjAFsbEqfvICWsG-8s3FlrCQOqAheGAiCJQf4F4NO_tvGSLEHtMPMKLr0B6-AHPQjQOZ7-Z8AD83hhm9ZkIze1J2Z29LJR3GbhLVN40lIX6NC5ubZfJqwbBkhzvhzwWtz5RXH0UCf-_6Bfdp20VYKr43epKu_5gQG0XCaYYoUeWkz06diFyumkl1RQWura65wPTwHiV7iYJYpVG49POzb5aT2wmDoO7KkpixDWSvLSeCF4DpxAOyDMfSORVu_glf5oG-QFfa87C2cMU81wxPjMw7S99yBM5YmCJUw_0Xefj7NR1gp2h-iwbhqLY0S5SFC2fOdB08j3B-7mQsSGVb0_VfP8asAmGx2Jy790RyE4Gk3fGIJcjqNg&zp=j731T_D3asnMR6lNx2_pjb2p27S3ogcSA-z-hjYTe8lj_2GbTGFQpq1yhDcBolrD5elb1ZGLGF0pOBcFckhel7ewPpEV9qvMY09r_el70L-kpJNIu74wSu4bXYghwdvjuA7D-J3LSY9APc5Irt5HPqTANFwUBuwzPgXembAek_0rKPQina0hHgr1woZyKeZBovi5nwpMDnTqWULYAjMZEPT19v2EXy8rf1PTRltAewJ9DCF6Fn79WXcjRbeKH1x1U4UdBTyb6g
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0 comments
| null | null |
2023-07-27
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1,069 |
16
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I want to learn more applied public finance skills. Are there good free (or near free) resources that are available?
| null |
5 comments
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2014-07-27
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I'm a masters student in political science and I've taken a public finance and budgeting course, but I want a resource that will force me to get into the nitty gritty numbers and learn how to do real projections, budgeting, etc. Any help is truly appreciated.
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2023-07-27
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1,070 |
66
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ELI5: What caused the 2007-2008 financial crisis?
| null |
79 comments
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2014-07-27
| null |
2023-07-27
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1,071 |
6
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Update: SBLC investments are in fact a scam!
| null |
4 comments
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2014-07-27
|
I posted on here earlier today asking a question about how A SBLC can be used to gain capital for a project; after being approached to use that route to finance my film. After talking on the phone for about an hour and a half with the "consultant" I was feeling much more comfortable with the idea. I don't know what it was but the risk management part of my head was still exploding, so after some more research I found its definitely a SCAM. I found a lot more questions then answers but I did eventually find a blog post about it then later It occurred to me to check the FBI were I found this. Were they basically describe what the guy wanted to do on the 3rd and 4th articles from the bottom under the namesLetter of Credit Fraud and Prime Bank Note Fraud.
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2023-07-27
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1,072 |
111
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I'm a Sr. Financial Analyst at a Fortune 500 Company within the Aviation industry -- AMA
| null |
191 comments
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2014-07-27
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A while back, I commented on a thread asking for Finance people to describe a typical day. Since then, I've received numerous PMs asking for advice. I figured I would post an AMA here to gain more visibility and see if there are any lingering questions our there. Fire away!edit 1: It's 11:15pm PST and I'm going to bed. Will be back in the morning to answer questions if you've arrived late to the partyedit 2: Back and answering questions as of 8am PSTedit 3: The questions have died down, but feel free to shoot me a PM. Happy to answer!
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2023-07-27
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1,073 |
15
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CFA or Masters of Financial Mathematics
| null |
25 comments
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2014-07-27
|
I work in public accounting, and I am currently taking some math classes to prepare for a masters of financial mathematics program. I was wondering from anyone who has experience, what is more important in finding a job in quantitative finance. Most of the job postings I see for a Quantitative Analyst, Portfolio Analyst, etc. prefer to see candidates with a CFA. Some also mention a Masters in a quantitative field (like finance, math, etc).In my experience, in the world of accounting, we like to see CPAs. We don't really care about MBA, Masters of Accounting or Masters of Taxation so much, although it's nice. If I were to recommend a young accountant which path to take (CPA or Masters), I would recommend CPA.In the world of finance, what would you recommend? CFA or Masters.
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2023-07-27
|
1,074 |
43
|
Looking to improve my financial modelling skills. I would love a critique of a sample DCF I made.
| null |
15 comments
|
2014-07-27
|
So I've really been trying to brush up my financial modelling skills. So I picked a company that I was glancing over that I thought was currently undervalued, Japan Tobacco, and threw together a really quick and dirty DCF model in excel. It only took a little over an hour, so that should already be a sign that it's not going to be the most accurate of things. I'll put the link to the dropbox of it at the bottom so you can look at and know what I'm going to be going on about.What I have right now is purely based on the information that I got from the income statement and balance sheet. I streamlined it so that, in a sense, I got a quick idea of what I was dealing with. Because I didn't go in depth reading the annual report or any other filings, I made some pretty basic assumptions regarding its growth of revenues, CapEx, Net Working Capital, and all that. Furthermore, I made some assumptions regarding the WACC and EBIT multiple. The latter of which I simply pulled from NYU Stern's list of multiples, and picked the average for tobacco companies.I've heard before that doing a DCF or any financial modelling and forecasting is more of an art than a science. I understand that, but as you can tell already, my model is based off of some heavy assumptions. What I'm looking for is a way to refine that from bare bones simplicity to something that is a bit more reliable.To get straight to the point, I ended up with a final value, per share, of close to 4000 yen. The company is currently trading at around 3400 yen. So based off of what I got, that sounds pretty good. And based off of some other analyst estimates, its not too far off their average. However, I know my method of getting there would be a bit different than the method that they employed. I am simply looking for some feedback: so, in a sense, I want to know what parts made sense, what parts were a bit off, and what parts were astronomically stupid.Link to Excel file: https://www.dropbox.com/s/ftli6a0nw1bidd5/Japan%20Tobacco%20DCF.xlsx
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2023-07-27
|
1,075 |
3
|
Interview with a Hedge Fund
| null |
11 comments
|
2014-07-27
|
A little background: I graduated from a non-target school in 2012, but with a Finance degree and 3.5+ GPA in their Honors Program. I had several front office internships with various investment firms, nothing big though. I had trouble finding a job after college, but finally landed a trading assistant role with a bulge bracket firm in their PWM department. I was there for a year, and it went well, but I was a temp and my contract expired. I then moved to the institutional side of a smaller IB, but I am in the back office and I hate it. I have an interview with a Hedge Fund coming up, but the position is for a junior Investor Relations Analyst, and is listed as an entry level position. I very much would like to get into Trading/Sales, and have done what I can to do so (front office internships, trading assistant role, sitting for Level 1 CFA this June), however I have heard that Hedge Funds are the place to be if you can get there. From your various perspectives, do you think it would be easier for me to sit tight and try to find a different position, more directly headed towards Trading/Sales such as a Trading Assistant again or a Assistant Trader/Junior Trader somewhere, or take this role with the Hedge Fund (if it's offered to me), and try to sneak into a Trading role from there? It is a small firm if that matters at all. Either way I will need a job relatively soon, as my contract with the current IB I am with expires end of June, but I have sufficient savings to weather a few months of unemployment if necessary. Any advice is appreciated, thanks
|
2023-07-27
|
1,076 |
2
|
Finding a job with no internship
| null |
10 comments
|
2014-07-27
|
So after constantly recruiting myself for the past 3 months, it looks like I'm not going to be able to get an internship for this summer and will have to resort to finding a crappy job in a restaurant or something.I'm going to keep looking, but I'll probably be graduating next year without any experience. How can I get a job with a low (3.0-3.1) GPA and no experience?My school is very highly ranked, so maybe the degree itself will help me, but it obviously didn't help me get an internship, so I can't see it doing anything to help me find a job. I'm really stressed out about this as it seems everyone else in my school got an internship. Some people who I never would have thought would have an internship before me, got something. I can't imagine going through this same experience again a year from now, spending all day every day on a computer applying for jobs worrying what I'm going to do.What should I do between now and a year from now when I graduate to get a job in finance without having any internship experience?EDIT: I exaggerated a little bit about the emails. For the past 2-3 weeks I've been sending out 20+ a day, but before that I was sending about 20 per week. Also, I went to some recruiting events in the fall, but they didn't get me anywhere, as I had a 2.6 GPA then. I brought my GPA up from a 2.6 to a 3.0 this year, and I'm looking to continue to bring it up during my senior year. Thanks for the advice everyone, and I welcome any more that you might have.
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2023-07-27
|
1,077 |
Vote
|
I got 132 IQ on the international IQ test. It's probably the most accurate online test. How high is your IQ?
|
https://alb.reddit.com/cr?za=jI-bomQyvlqkdupkGnIrojCDrlo7UVZhkuRo3BlUSBpFOyHpLlLZaEhnVIvyDRZleQM9P_TVdTQY9axJZZVRw1vGEu34vh8nfcKUYaWM-E-v4tZ3byX5wr8BFEbgxB_Sx_hdbr_mCiFgkMtR7SVHsyxhgU-JFUZJQuSWAnuad2_IRjvtOrhjJ7X2z5reiEg7y6hSuPMfg8FeoGxE9iucPLI8jT1uJfElc8ODo7_tVdPE-1Bq_pHss3LMAapBoxHc0QXTco62ar81GpVjSk3FS1_t2C-jdFf9MUyWOSY_scVmrHNZqc5v1HFgj5RVZI-nY4E0H7aujKLwpdb26yfOBA791oAZJZs6tUHYU-IdjHnYetGVbm8HcGxsePsCFq5ImYfN-KGh&zp=VB70xSnww6JXDpxkpMWNvhApk1vkbtgBGHQT0lCiNaIZ8qlAEqv7jNC5kDOO9iLbeKX8U_fb6iDy-izSL0IHlqe9frxF7-BQOy6L86tN49rI8sBhwvc1zMmXx4UDbaLVlmTAi14pa3ywnScBprEVN7DNCK9FjkAdO6wyXczsNwdFjXarAiU7
|
0 comments
| null | null |
2023-07-27
|
1,078 |
24
|
How does the forex market work?
| null |
9 comments
|
2014-07-27
|
I do not seem to understand how the forex market work in that how do the different entities interact with each other. IE:How does a retail currency exchange acquire the currencies?Where are the forex market located? EG: stocks are traded on the stock exchanges but where are the forex equivalent?Where do banks fit into the picture?Also I don't seem to understand is why forex platforms do not allow currency conversion when they access the same market.Thank you very much for the help.
|
2023-07-27
|
1,079 |
149
|
What are some useful tricks, shortcuts, and formulas in Excel that everyone should know?
| null |
114 comments
|
2014-07-27
|
I figured that since internships are starting soon for many college students, and I personally don't feel like I have a handle on Excel's full capabilities yet, this would be a useful question for the community. I would also be interested in useful functions on the Bloomberg Terminal or Morningstar Direct.
|
2023-07-27
|
1,080 |
32
|
What are some of the best twitter accounts to follow for financial news ?
| null |
31 comments
|
2014-07-27
|
Here is a list of most answers:@Wu_Tang_Finance@thestalwart@footnoted@mariahjsummers@abnormalreturns@ianbremmer@Jesse_Livermore@spbaines@marianacapital@dismalscientist @reformedbroker@justinwolfers,@tylercowen@dealbook@marketwatch@wealthmanagement@AdvisorHUBin@calculatedrisk@matt_levineThanks Guys
|
2023-07-27
|
1,081 |
1
|
Just hired as internal wholesaler
| null |
6 comments
|
2014-07-27
|
I am a new internal wholesaler at a major investment company and I start next week. Does anybody have any advice on the best way to learn/excel the fastest?I am a very motivated person and I understand a lot of the job will learning as I go.Any advice is much appreciated.
|
2023-07-27
|
1,082 |
26
|
MFinance vs MBA
| null |
37 comments
|
2014-07-27
|
I am currently doing my undergrad BBA program in Canada and I am interested in pursuing a career in finance. I plan to get my CFA and was considering doing an MBA vs a Master in Finance. What would you say are the main differences between these 2 programs, which is better? and what are the career options associated with each program?Thanks!
|
2023-07-27
|
1,083 |
79
|
[MOD PSA] This is not a homework/exam review sub.
| null |
21 comments
|
2014-07-27
|
Hello good finance people,A friendly reminder from your mod team to stop posting homework/essay/exam questions for answers from the r/finance sub. We are not the forum for such discussions, and any posts reflecting the above will be deleted.Please feel free to offer your opinions in the comments.
|
2023-07-27
|
1,084 |
63
|
Don't envy the analysts at Goldman Sachs
|
https://medium.com/p/773e62022881
|
94 comments
|
2014-07-27
| null |
2023-07-27
|
1,085 |
3
|
Current Ratio? What does that mean?
| null |
24 comments
|
2014-07-27
|
I've read that a company should have a current ratio of 2 or more.Does that just mean that they should have enough cash to cover 2 years worth of expenses?
|
2023-07-27
|
1,086 |
11.3k
|
Geopolitics is your sandbox
|
https://alb.reddit.com/cr?za=TyEBrhyABbqSDkS43cp83zdGTgn6feRGXroz21MdzH0sJEts07bogEPJ14OB7RZzVFgy1DMDsXz8WIA0nqE4vDUzEx-af4PIM12J2pzf1VaX80YV8bjEWvxbh3xruhVq0yxSxERHMQdwehVL4aAm2wJTFPQpbF6l_BfB3e8UTO3Z0wWtEX8b5rXUow4h9A1HInV7PRWVexhc8fjK_gEM7sWZCVvW_tbXM2ycb9-8opaiBAAT7aeBPAF-j-dV3K6f3OAo31t5eQAEnvZxhjPZYPdJjJr44Y_v2jnegTCgDQ3evuJKw6neZIurReeKS7-DSplyJJ-bZQOxs1lEC65psfhDeuhum0wgCwOkNJDfgUu-oIN0qctlo0bLccNsty0hCDxR9g&zp=QrfDKrn9vwJ_fO8p2iJBNEuOjejUyBzVGTyPPlkVvKi2mOUh3ves77IM7TSOcqXPsr--dU0FLj1-Q74Ce_Q-hJFYmG80mnYppCtNVZ4LGKvXQXoJ6EJuKSMblB2FRrZMdAB0AZsN7ROvGHlhFCLb1tCEG_Djw4MRz_EpMevYXBByyn2EC1aJzgZLwmp3V_zjrmru2qt_WA
|
1.9k
| null | null |
2023-07-27
|
1,087 |
12
|
What will the Fed do with the cash it receives from the Treasury for matured bonds when QE is finished?
| null |
8
|
2014-07-27
|
It seems like one option would be to continue rolling over that cash into more bonds as it has been doing, which would keep their balance sheet the same size for as long as that goes on.
Another seems to be that they could just hold the cash, which would also keep their balance sheet the same size, but not have the same demand effect on bonds as the first option, meaning bond prices would likely fall and interest rates would rise. What other effects could happen in this scenario?
And what else could they do with the cash that would shrink their balance sheet, and what effects would that likely have?
|
2023-07-27
|
1,088 |
5
|
How do I legally invest money for my friends and family?
| null |
15
|
2014-07-27
|
I know that if it isn't a large sum of money that no one will care, but I am interested in learning the process of how to do it legally.
Are there any certifications needed, exams to be passed, etc.?
Are there any differences from what it takes to manage a large hedge fund (I have read that the cost to set one up can be up to $30,000) and a friends and family fund?
I would like to set up a friends and family fund as cheaply and legally as possible. Thanks in advance.
Edit: Series 7 needs sponsorship. Is this possible for someone without any connections to industry? Is series 65 something that needs to be passed instead?
|
2023-07-27
|
1,089 |
1
|
Closed ended vs open ended
| null |
6
|
2014-07-27
|
What is the difference between a closed ended and open ended fund?
|
2023-07-27
|
1,090 |
7
|
What are the best ways to learn about finance?
| null |
16
|
2014-07-27
|
Did you take a course (or several) online, at a university, read books, get an internship or muck around in financial statements until it clicked?
I'm a freshman in High School who loves the world of investment. I recently took the Bloomberg Aptitude Test and scored a 590 (95th percentile). I've read the Intelligent Investor but haven't delved into into any other pieces of literature. Is there anything you would recommend to me specifically? I'm also looking into an internship next summer. How likely do you think it is that I could get one at my age if I educated myself more?
|
2023-07-27
|
1,091 |
2
|
HBS Finance Simulation - M&A In Wine Country
| null |
5
|
2014-07-27
|
I'm just beginning to start on this simulation. Have any of you done it before? Any general tips or strategies that I should focus on?
|
2023-07-27
|
1,092 |
9
|
Have there been successful companies with junk bonds (in the past 10 yrs)?
| null |
17
|
2014-07-27
|
Hello,
I started reading about junk bonds and how Michael Milken is noted as the person to start them. My understanding is junk bonds offer high risk/high reward value, although they are rated poorly. Have there been any companies within the past 10 years which have successfully issued junk bonds to become financially well off and turn a profit? I've been searching on google...and maybe I haven't searched enough but I don't seem to find much information.
Thanks!
|
2023-07-27
|
1,093 |
26
|
High Frequency Trader's 'Quote Stuffing' is a Software Bug
|
http://www.chrisstucchio.com/blog/2014/quote_stuffing_is_a_software_bug.html
|
9
|
2014-07-27
| null |
2023-07-27
|
1,094 |
16
|
Why does the retail industry have such low valuation multiples?
| null |
13
|
2014-07-27
|
I'm finding very low multiples for retail companies. Some lower than one and not getting much higher than 2. Any insight?
|
2023-07-27
|
1,095 |
15
|
What's difference between working in M&A at an IB and elsewhere?
| null |
6 comments
|
2014-07-27
|
I used to think that M&A was the realm of the IB but this seems not too be the case. From what I can tell IB's are concerned with getting deals together and then other banks or advisory firms will handle the meat and potatoes of making the deal work (getting financing together, diligence etc.). Is this kind of the situation?I'm just asking as I have an interview coming up for an internship in an M&A department of a large consultancy and advisory firm. I would probably take the internship either way but just curious as I would much rather be on the technical side of things.
|
2023-07-27
|
1,096 |
196
|
Ready to ditch the fax machine and embrace the future of faxing? With eFax, you can send and receive faxes right from your computer, or smartphone.
|
https://alb.reddit.com/cr?za=zRydrj56QKQSQJTS3MBZn02WgneITCGiYzKdd__RohR9vhXcnJcSu1xqJ_zuop5A4qBgbVa4ryV7JwCWzGKezC3d1_4HX7t3Z_zjeudagBdg2gcASF5Q8gIMQlxrGCu1Za322Zfu0HpzEiqw5yzpxawOvZq1K-8a5t_czqYZW0OoyCO0gihctiaQqKabI-VOEYXUH8MI6szIwqJG3TWSGljjphDxIJ5sFTfexdpcMaJwsTMDIj8Zih9PSCy7_pTVHaE3OscE_6sL7rYEHySVJLuh9jCFPGEjGO86O_4YHkd9cBK9rhqqObn_h0ZwPqAAPmmOKc8DrNd6hK5vUYk5qHcA4DLodjNZgNh9ppMVyJZsjNW3hVumXH--TeNZ0ySQsvtp_0_ajQ&zp=FOuZu7Zs3huYka0q7Vg6dnqFUobiCH_8CuuRA_Bv-daMz4TE9nproVNP12i2FUzG8l9qh1V2KLsfYaDtQqJyVrNvJOoLJFd7FbB2fG-ebNDiYic2DRvRc4G5m9V2ip0qPp0i8F0yNyImArfZhLyc60NPE3cdhaXeSzPunKm3rD09nViWwBg0iFxCpnxopoweAQZVkzGow0HGD3sPUqeHZbWpkNdENVCsh2xj4OJwtlgkrldhs69BivU
|
0 comments
| null | null |
2023-07-27
|
1,097 |
13
|
What do you think about the future of the Euro? Will it last? Will some countries drop it; will some adopt it? Let me know your thoughts.
| null |
46 comments
|
2014-07-27
|
I am doing a research project on the future of the Euro and basically whether it will last or be abolished. I have a lot of sources, but I thought it would be interesting to see what Reddit thinks. So, what are your thoughts?
|
2023-07-27
|
1,098 |
34
|
MBA from a not top school worth it?
| null |
123 comments
|
2014-07-27
|
So I was suppose to have a job with a top 4 bank but the person who hired me got fired. With that it seems like my chances of getting the job I wanted with it. I'm sitting to take the cfa in December but also thinking about getting a MBA. My undergrad school is not a top tier school and I know I can get easy. One of the MBA rankers says they a are a top 15 on online MBA. Or should I only bother with an MBA from a top school similar to how law school is that a not top tier school is pointless?
|
2023-07-27
|
1,099 |
40
|
Series 7 Exam Prep
| null |
65 comments
|
2014-07-27
|
I just passed the Series 65 and was looking to take the 7 next. I used STC for the 65 and they were the worst test prep I've ever seen.Does anyone have any experience/recommendations/horror stories with any of the other Series 7 test prep companies?
|
2023-07-27
|
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