Give advice to a young buck...

Get a job. Get some stake money while living at home. Learn to trade on demo. Then try trading, if it doesn't work out, at least you have a resume and experience to live a decent life. Why waste away the degree you already got?
 
wutangfinancial says diversify your Bonds bitches.


Quote from wutangfinancial:

I'm 22, graduating next year from a good University, majoring in economics.

I don't have the GPA/skillset for institutional S&T, but I love the market. I spend inordinate amounts of time designing portfolios, working as an analyst for the investment club, and I am starting as a part time prop trader (mostly for fun/experience).

What would you recommend in terms of a career path given my interests? How would I go about turning my passion for equities trading into a feasible career?
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I get the feeling that in Canada financial adviser is reserved for people in their 30s and up. You also need a designation.

btw: I don't believe McGill is good for its economics department. Not that it matters I go to York.
 
yeah, I'm not a fan of the econ department here.

anyhow, I don't have a trust fund or anything, but I have a large extended family with plenty of money to lend if I have a valid business pan. I wonder if I could become an asset manager through managing their wealth?
 
Quote from wutangfinancial:

yeah, I'm not a fan of the econ department here.

anyhow, I don't have a trust fund or anything, but I have a large extended family with plenty of money to lend if I have a valid business pan. I wonder if I could become an asset manager through managing their wealth?
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One word. Don't.

Trade your own money, fine.

Convince rich investors that you're the next Soros and trade their money, fine.

But not family money.

It's not worth it.
 
Change your handle from wutang to puntang fist off... :D :D :D

Then get your butt on a plane and see Europe and Asia the answer to all your questions will be answered away from your current head space.
 
What if invested their money in index funds and took a 1% management fee?

Quote from NYOBScalper:

One word. Don't.

Trade your own money, fine.

Convince rich investors that you're the next Soros and trade their money, fine.

But not family money.

It's not worth it.
More...
 
Quote from wutangfinancial:

What if invested their money in index funds and took a 1% management fee?
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Then the guy is being a scumbag and taking 1% of his family's money instead of just providing him with the advice of which index funds to invest in. It is what it is but in my view that's scheming family and that's the lowest scumbag thing a human being can possibly do.
 
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