Who wants to enter the money game ?

[Stockjunkie]

Following the thread on if is is possible or not for a mature fairly well qualified person to enter the financial industry , I am curious as to who of you are seriously at this stage considering trying to get in ?

I aim this not at the usual suspects ie) Oxbridge / Ivy 1st class degree Grads , or highly specialised PHDs or people whho are merely switching insittutions .

I am talking mainly about the run of the grads and mature people coming from different industries/ backgrounds.

So let's here from you and hopefully we can all learn something useful.

 

[Stockjunkie]

No one wants to join the industry ? I find this incredible , no need o be shy , just a conversation .

 

[Trader333]

No one wants to join the industry ? I find this incredible , no need o be shy , just a conversation .

This is probably not the best place to ask. In my view most people who visit T2W are individual traders who have no interest in joining the industry in an official capacity.


Paul

 

[Stockjunkie]

Or is that an excuse because nobody wants them ?

 

[Trader333]

Or is that an excuse because nobody wants them ?

Highly unlikely in my view as I know a lot of traders and none of them have even attempted to get into the industry myself included.


Paul

 

[Stockjunkie]

That would be a very silly idea .

Are you seriously saying that you would refuse a position as an in-house trader , with salary and a cut of wins ?

Come one , you would be biting the old hand off .

 

[Trader333]

This has become a pointless discussion because you are judging everyone based on your own standards. There are many reasons why people wouldnt want what you are suggesting including not being answerable to anyone, working when it suits the individual from anywhere they like to only having to work 2 hours a day. It is about quality of life and many of the in house traders complain about the lack of it and pressure they are under. I know which I would prefer and nothing will tempt me to become an in house trader as opposed to trading from home.


Paul

 

[turtle trader]

This has become a pointless discussion

I suspect the point of the discussion is closely related to the fact that SJ claims on his website to be able to help aspiring traders to start a career in the FS industry!

 

[Stockjunkie]

This has become a pointless discussion because you are judging everyone based on your own standards. There are many reasons why people wouldnt want what you are suggesting including not being answerable to anyone, working when it suits the individual from anywhere they like to only having to work 2 hours a day. It is about quality of life and many of the in house traders complain about the lack of it and pressure they are under. I know which I would prefer and nothing will tempt me to become an in house trader as opposed to trading from home.


Paul

That may or may not be the case .

But I don't see how aomeone can say definitively say that they would never be an in house trader when they 1) haven't been one and 2) never been offered the position.

And unless you have carte blanche to answer for every other person , I don't how that would apply across the board.

 

[Stockjunkie]

I suspect the point of the discussion is closely related to the fact that SJ claims on his website to be able to help aspiring traders to start a career in the FS industry!

Is the fact that thousands join the FI in one from or another not relevant to a trading BB ??

That makes the subject a legit topic , whatever else may be .

But if you don't want to talk , then fine , end of discussion - happy ?

 

[Trader333]

But if you don't want to talk , then fine , end of discussion - happy ?

Agreed

 

[turtle trader]

But if you don't want to talk , then fine , end of discussion - happy ?

Delighted.

 

[Anonymous]

a position as an in-house trader , with salary and a cut of wins ?

Hard to say who would be interested. But if someone can make consistent profits, and is more worried about how to keep what he has earned, more worried about minimizing tax liabilities, a salary doesn't seem to be a workable inducement.

 

[Stockjunkie]

I live in Malaysia , and I lived 7 years in SG .

I know Sgers like the back of my hand and I know that many of them would kill their own grannies if JPM came in with a package for them .

How much a tax a liability with your gov's FT policy , it's as low as 20-25% of gross , since there is no CPF.

weighed against a trader's pack from say JPM , your average Johnathan Tans would be chomping your hand off faster than you could say " welcome " .

 

[Anonymous]

There are about 1000 or 2000 millionaires in SG. Almost everyone knows everyone. Almost everyone gets invited to their neighbours' wedding. There are the rich (or appear rich) who get driven around in big cars, live on money they don't own, and there are Towkays who do business in singlets and sandals.

And there is something many don't know: no corruption allowed, no pulling strings allowed etc. Try bribing any official and the briber will not survive very long.

7 years in SG? If you let the french know the secret service headquarters is located at the SG zoo they will bug all the monkeys.

 

[SOCRATES]

And the website makes very interesting reading too.

 

[RUDEBOY]

Stockfunkie. Just spit it out. There are people in Africa who do not speak English, starving to death with ten kids and living under blankets that could come across better than you. What do you want, matey?

 

[Spam Man]

Keep in mind that this is the guy who somewhat amusingly thinks that lottery winners have an edge. He may not be the sharpest tool in the box.

 

[RUDEBOY]

Right! Well it all makes sense now?

 

[Anonymous]

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