Message from @ThisIsChris
Discord ID: 405106029626523649
Also, any money made right now will be insignificant in a few short years. Make sure the GPA is solid and that you’re networking regularly. Practice interviewing, polish resume, get good summer internships, get to know job recruiters from your target companies, attend multiple career fairs. Prep work now could get you a signing bonus or a salary offer that blows away all the part-time work you’re doing now.
Source: Engineering degree in 2010, MBA graduate last month
@Marseille I have to agree 120% with @Tanner - SC here. Economically any work you do now actually works against you in the long run. If you're not studying for better grades, "work" by networking, which can even be as simple as participating in college clubs relevant to your future career. The kids I knew who worked the least (often not at all) in college are now the ones making the most, because they were able to dedicate their college years into investing in themselves. I have a strong suggestion that is going to be controversial if I don't make a certain nuance clear: i strongly suggest taking out loans and using credit cards to finance your *personal consumption* as much as possible. The nuance is that I am not saying to take out money for tuition (though you may not have a choice in that), but your personal consumption as a single college student is going to pale in comparison to the paychecks you get from a well paying job after you graduate.
@ThisIsChris I've heard a lot of that from acquaintances. They're living really well and waiting to pay it off later, which obviously can be an issue if you're living far beyond your means, but the idea is there.
Thank you guys.
Tfw an apprentice and my school is my job
@Deleted User How's that going?
Good
If you ever need help, let me know. I still have a ton of notes.
Thanks brother 👌🏻
My classes don't start till August to be fair
@Deleted User @Zyzz I've been longing over NVDA, decided to buy some calls again, 230 strike with 2/9 expiry (right after earnings), I tried to offset the cost a bit by selling a 240 call expiring Friday. (That makes this my first diagonal calendar spread)
@ThisIsChris good luck to you. This market seems like it can’t go down. I hit my 10% threshold for SSO today and sold half my stake. Now letting the other half ride for now. I will reassess in May
@Zyzz nice job, I agree have to take some profits along the way. at the same time I'm trying to not sleep on the wayside while things go up, so I'm using options to rigidly define my p/l scenarios. But I don't want to be waiting years for an eventual crash before making bullish trades. Trying to tread carefully
@here I try to give a warning a week about risk in investing, instead this week I give you this video. https://www.youtube.com/watch?v=E1xqSZy9_4I
It's a guy who's job is to read market quotes as his normal day jobs, and he's reading the quotes out during the Flash Crash of May 6 2010
@ThisIsChris sheeit
@John O - yeah, that was crazy. anyone who didn't panic sell turned out fine though, the market recovered in a few minutes, it was basically attributed to algorithmic trade machines going into a negative feedback loop and causing each other to go down
That's one of the most frightening things, to realize how fragile everything is. My cousin was telling me about cyber security a few months ago, and I almost shit myself. This is another great example of no matter what you do, a huge portion of your fate is out of your control
@John O - omg so true, I interviewed at a cybersecurity firm once and they said all the computer exploits outthere are like a giant iceberg and the entire cybersecurity industry is just frantically trying to get visible peak above water and doesn't have the resources for everything below
There's some service (governmental I think) that whites reports on all exploits found and that company's whole job was trying to sift through to inform sysadmins which ones they were most at risk of
@here This should be really easy idk why I'm being so slow atm: What is the cash flow of a 15-year bond that pays coupon interest semiannually with coupon
rate 7.5% and par value $100,000?
I'm assuming I just calculate the cash flow for all 30 payment periods? I missed class the day this was discussed.
nvm
@ThisIsChris Thanks for the heads-up! I'm going to take a look. I'll let you know if I decide to piggyback it
@Deleted User Yeah I am curious what you think!
Wow, that stock has been on a tear the last two weeks.
I would have jumped on it if I had seen it yesterday.
With that huge gain today I think I've missed a lot of the opportunity.
What's surprising is that Intel's stock is basically unchanged from its earlier highs despite the tech-heads freaking out over Spectre and Meltdown
At the same time it's clearly more wind in nvidia's sails.
Yeah it's hard to judge when the NVDA train might stop. I mean, "now" is a valid answer, but earnings report is just 2 weeks away
@ThisIsChris knowing when it’ll stop is a tough game to win. SSO is currently up 1% since I sold half my stake. Of course I would have loved to make that extra money but I had no idea it would continue to go up. At some point you have to look at your current profit, be content with what you made, and sell a portion (or all of it)
As the saying goes “bears make money, bulls make money, but pigs get slaughtered”
@Zyzz yep, good thing to keep in mind. I just heard one of the signals I consider bearish: normies in my office talking about NFLX earnings. Reminds me of sitting on the subway last month and hearing normies talk about Bitcoin.
http://mondoweiss.net/2012/03/wall-street-firm-slammed-the-door-on-young-warren-buffett-for-religious-reasons/ this is an interesting article I'm not sure what to make of yet. It's written by a Jew, talking about bitter Jews controlling Wall Street, and the non-prejudiced non-Jews who eventually warmed some of their hearts.
