>>738890604 >Portfolio Manager, prop fund >27 >£300,000 basic, usually + £500,00-£600,00 bonus /pa >A-Level
Left school to work as needed cash, job as a large UK bank that starts with a B, started as fuckwit cashier, promotion to promotion, moved to brokering, then moved onto buy side, fucked off to a smaller firm, now an equity trader on the desk of a 300m prop fund.
>Meat service clerk >21 >$10.25 hourly > $980 banking no savings > education includes tech school for it and an unfinished bachelor's degree in information and technology I wrap expensive meat, prep gourmet items, and occasionally cut meats
>>738893556 >entirely BTC Im intrigued... 1) Why the fuck 2) How the fuck 3) Surely you're fucked on exchange rates/fluctuation 4) Where the fuck takes bitcoin 5) Why BTC over cash, other than hipster-points?
>waiter at a Korean restaurant >18 >$9.25/hr plus tips $50+ on good days >$3.28 checking, no savings, no 401k obviously >high school senior, I was held back in first grade because I "wasn't mature enough" to move on
I can barely understand my boss and people make fun of me because I'm white kid working at a Korean place but the food is amazing and they feed me every time I work so best job I've ever had
>>738895881 Best bet is to land a ground position in a brokerage, a banks better than a full fledged brokerage, get a client base thats willing to follow you, leverage that. Whether you stay sell side or move to buy side, is dependent on your abilities tbh.
Brokers make nice money, but its the scummy side of the market to anyone who isnt a broker.
Best odds for you is to do what I did, get into a bank with an IB arm, and work your balls off. Start low af, invest your own cash (pref with an account within the bank you work for). Learn how to trade properly, no CFD/derivative BS, its all about fundamentals. Make yourself money.
When you dont need a promotion, ask for a promotion. Lie, say you have offers from other banks. Theyll freak out & want in on what you got.
Theyll put you thru their training.
Now youre a cashier turned broker, £20k/pa to £100k/pa. GG
>>738897752 Tbh, bloomberg. Do not under any circumstances buy int the whole 'reading charts' shit. Theres no data there. Focus on fundamentals, earnings reports, economic reports, etc. And when you think you can 'pick stocks', great, dont yet. Learn how to hedge.
Hedge beta, hedge sector, & hedge market. Fancy BA? short LMT, take the beta (volatility) between the two, hedge it out.
Professional trading isnt about making a billion overnight, its about making 'some' with a tiny amount of risk.
>>738897752 A £10,000 acct should make 10% pa. ie £1,000 net. Introduce leverage at 4:1, that £10,000 is making £4,000/pa.... If the trader knows what the fuck hes doing. This is why most bank desks are a minimum of 5 chairs and $100m. more eyes to catch the fuck up should there be one.
Trade your own cash well, aim for 10-20% on CASH, no margin. repeat it. Now you can prove you've got a brain, over the mindless fucktards that broker.
Thats good enough. You'll get an in. Trust me.
Of course theres fuckers that cant trade, decide to 'read' charts, leverage thru their asshole, not pay for DMA & settle for CFDs, who lose the family home on a 100% single position, but fuck those morons. Dont be that moron anon, pls.
>Heavy Equipment Mechanic >28 >$135,532,18 last year >Checking - $15,491,01 Savings - $85,257.68 401K - roughly $90k >High school graduate Living alone, Not married, no kids. Best decision I've ever made. >Mfw
$450k in 401k ~$800k in equity on the house (less than a year's salary left in our mortgage) $0 in car payments $0 cable bill $0 tobacco/vape/weed/coke/pills bill Bring packed lunch to work Main focus is stability, trying to set it up so we could probably pay core bills working at Walmart.
>>738892442 You're probably the mother fucker who processes the information from these threads into nice neat intelligence files on all these retarded rich dumb retards who don't see the problem with answering a personal survey on an anonymous forum
>>738890604 I know better. Service writers barely break 45k/year if they're good, you probably have $9 in checking and $20 in savings. Your bachelor's degree is probably in something useless like Education and you drink yourself to sleep each night. Don't lie to people unless you make it a good lie.
>>738897322 Let's start from the beginning... how do I get a job at Barclays with only 3 shitty a levels? I'll fucking mop their toilets if I can work my way up eventually. I want the money you have anon. Never heard of anyone earning more than 50K around my area
>>738890604 >porch monkey >12k cash a year + another 12k in food stamps+ another unspecified amount for housing > deal drugs out the back door for extra cash in hand > 250k in savings stashed in safe in a hiding place > 50k cash on hand Why da fuck would I wanna work for, work is for chumps too stupid to game the system, and college is for fools.
>>738899990 Right. 1st, get a job with Barclays/Lloyds/HSBC (if yours a utter PoS), not mopping the fucking toilets. Cashier is good, liaison works too. Anything where you're customer facing, and trusted (granted to a degree).
THEN, do your job. That simple. But only for a year, never longer. Always be after a promotion/transfer. They'll always suggest transfer to call center shit. Dont do that,
>customer service for an engineering firm >25 >$32,500 >$654 in checking, $2800 savings >officially dropped out after 3 years of college, but skipped class so much I was basically present for one year net
>>738899990 after so long, again, never longer than a year (if you get stuck for more than a year, subtly mention you've got an offer for 50% more at HSBC.. seriously, fuck HSBC), keep pressing your higher up, if they cant provide you with ample upward mobility, which they cant, they'll talk to their boss. Now your name is in higher circles, which is great, because you've been the model fucking employee.
You'll then get a meeting, which'll feel a lot like you're getting sacked, for at least 90% of it anyway, and then you'll be asked, 'So where do you want to be'
>>738901737 You gave me hope at first but I don't think I could pull any of this off. Except maybe scraping a job as a cashier. How do you manipulate these people into believing you and taking you seriously when you ask for promotions?
Guess it was pretty stupid to ask how I can do it anyway, I literally work in a warehouse with old criminals and immigrants who barely speak English.
>>738899990 1st, dont be greedy, dont open with 'PRESIDENT OF THE BANK', never works. Subtly hint that you're interested in investments, and if everything's panned out so far, you'll be put on the phones (feels like a downgrade, and it is, but now you're in the right sector)
Now, you're in 'Barclays Stockbrokers' arm, or A J Bell if you're on pensions, and heres your chance to stand out from the amply fuckwits around you. And how would one stand out in a sea of backstabbing underhanded snakes? Tell the truth.
Do your research on the FTSE100, and be fucking honest when asked. YOu think company XYZ looks good, tell your clients, dont hold on to it for the 'big fish' that never comes. Chances are whoever you're brokering for, corporate wise, already knows. And you're the first fucker to be straight with them.
>>738902016 Even more so in the US, being the land of opportunity and all. I have friends over at JPM that have done similar to me, with the only difference being that state side its encouraged to better yourself/your position. But funnily enough, more cut-throat on the brokerage desks.
For example, over here the brokerage desk is banter driven, whilst in the states its quite hostile. Which I never understood.
Trade floors are MUCH better in the states. You guys still know how to trade, open outcry pits are the shit. We;re left with the fucked Metal Exchange..... Give me the CME any day
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