Recent content by jrsteine

  1. J

    job choice help! Goldman Sachs or Trading Firm???

    I know, I'm trying to play the devil's advocate. Personally speaking, though, I absolutely love trading and investing - both the quantitative and qualitative components. If you feel trading/investing is your "calling," then working for the options firm would certainly be rewarding. I get the...
  2. J

    job choice help! Goldman Sachs or Trading Firm???

    I was in your shoes 5 years ago after graduating from a top tier law school. Firms know you're broke, and flash a lot of money, take you to expensive dinners, pay for the best hotels, and show you how life would look if you joined their firm. It was tempting - especially with student loan debt...
  3. J

    How do prop firms tend to handle taxation?

    FYI: I tried to organize my own LLC as a "member" of my prop firm's LLC. The firm told me they will only pay an individual - not an LLC or corporation. Therefore, I cannot receive any of the tax benefits associated with these entities (such as a 401K pension or SEP IRA). I'm sure there was a...
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