$20K, trade it or go for a MS in Finance

Sorry I just saw the title of the thread.

The MSF is really useful if you want to get into the profession. The CMA is fine but most CMAs I know just have advanced knowledge of what top brokers know (different products, financial planning, bonds, stocks, etc..).

The MSF is more for people who want to price derivatives, develop models, learn the details behind the different products and pricing, get more detail all around in stocks, bonds, options, futures, swaps, credit derivatives and other complex products.

If you just want to trade then it might be more than you need lol.
 
Well when do you plan to start? Jan opening, you better hurry?

MSF is the way to do it. A CFA is no real education, just memorization for 3 big tests. It is a good add-on after the Masters if you feel you need more letters at the end of your name.

A good strong ed in the fiundamentals and a healthy return will get you the job quicker than a CFA. If you want to get on the cutting edge check out the CAIA.
 
Quote from optioncoach:

Sorry I just saw the title of the thread.

The MSF is really useful if you want to get into the profession. The CMA is fine but most CMAs I know just have advanced knowledge of what top brokers know (different products, financial planning, bonds, stocks, etc..).

The MSF is more for people who want to price derivatives, develop models, learn the details behind the different products and pricing, get more detail all around in stocks, bonds, options, futures, swaps, credit derivatives and other complex products.

If you just want to trade then it might be more than you need lol.
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From what I have seen the issue with pricing and model development these days is that they are hiring Phds in physics and math rather than MS's in finance -- that's anecdotal though.

Being only moderately quantitative myself, my thought was that you could go the analyst/portfolio manager route with the CFA rather than the harder core quant route where you end up competing with extremely numerate and even more highly educated folks. I guess we'd need more input from the original poster as to what area of finance he wants to focus in. At least we have eliminated the MBA from the equation as unsuitable for a trading education.
 
Quote from jack hershey:

So you have read posts here for four years and made under 200 posts.

Your current trading is as you describe.

You have an MS and that is often considered a professional degree. It also means that you have met friends in grad school and maybe keep in touch with them.

Throw the high probability book in the river. On your way back from the river buy a block of steno pads and some sharpies and hiliters and pens and pencils. Get two cases of paper and some ink cartridges, as well.

You know how to learn; you have degrees to prove it.

Sit down and write a fully annotated and supported business plan. What I mean is 12 main sections and full blown spread sheets and everything for th next five years, two years monthly and three years quarterly.

To get it up to about 400 pages before the end of January, you add appendicies that specifically note in 100 pages what you have done the last four years. Equally important document your learning and study plan (a 100 pages or so). The other large appendix is an expansion on three levels of the part of the business plan that describes just how the capital appreciation is acheived. This will be about 100 pages as well.

To do this set up about 10 three ring binders with print outs from the web on the topics and subjects put forth in each of the 100 pagers. Footnote every reference in each 100 pager as it refers to the three ring binder print outs.

Tell me at what point you reach millionaire.

Since that is the eventuality you are facing, then start behaving like a millionaire.

Get to work.
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for you this did not work out
 
Not many people understand this.



Quote from jack hershey:



Sit down and write a fully annotated and supported business plan. What I mean is 12 main sections and full blown spread sheets and everything for th next five years, two years monthly and three years quarterly.

To get it up to about 400 pages before the end of January, you add appendicies that specifically note in 100 pages what you have done the last four years. Equally important document your learning and study plan (a 100 pages or so). The other large appendix is an expansion on three levels of the part of the business plan that describes just how the capital appreciation is acheived. This will be about 100 pages as well.

To do this set up about 10 three ring binders with print outs from the web on the topics and subjects put forth in each of the 100 pagers. Footnote every reference in each 100 pager as it refers to the three ring binder print outs.

Tell me at what point you reach millionaire.

Since that is the eventuality you are facing, then start behaving like a millionaire.
More...
 
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