Message from Tanner - SC in MacGuyver - Skills & Academics #noncrypto-investing


2018-01-19 23:11:09 UTC  

lehman brothers used to be known as the catholic investment bank

2018-01-19 23:15:25 UTC  

Wells Fargo looks safe

2018-01-20 00:09:07 UTC  

@Zyzz are you sure you aren’t talking about Merrill Lynch

2018-01-20 00:09:38 UTC  

@Rogue#0890 join a credit union that’s part of the co-op network

2018-01-20 00:09:44 UTC  

@Rogue#0890

2018-01-20 01:56:35 UTC  

@Deleted User I could be mistaken but I do believe it was Lehman

2018-01-20 02:33:25 UTC  

I do all of my banking online with Fidelity Investments.

2018-01-20 02:33:39 UTC  

Their debit card waives all ATM fees

2018-01-20 02:34:14 UTC  

And I use AmEx BlueBird if I ever need to do cash deposit (rarely)

2018-01-20 02:36:00 UTC  

Fidelity was founded by Edward Johnson and still maintained by the family.

2018-01-20 05:37:46 UTC  
2018-01-20 18:31:24 UTC  

@Deleted User Could you explain the pros and cons of a Credit Union over a bank?

2018-01-21 00:28:00 UTC  

As a member of a credit union, you are a part owner in the institution and it is not for profit. Better rates as well and it still has deposit insurance. https://www.moneycrashers.com/why-credit-unions-are-better-than-banks/. @John O -#7072

2018-01-21 01:49:37 UTC  

I've never not used credit unions

2018-01-21 02:02:41 UTC  

Those are the basics. For everyone else, essentially you get better rates and customer service because off the non profit coop structure

2018-01-21 21:02:29 UTC  

Any suggestions for making some extra money on the side in college apart from a basic entry-level job? At the moment I'm doing the max credit hours for my university plus a job at a library making minimum wage, but I'm curious if there's any other options to remedy the stereotypical "broke college student" issue.

2018-01-21 21:30:42 UTC  

@Marseille I'm hesitant to suggest manual labor to a woman, but stuff like cutting grass is pretty easy, and especially rn when it's not hot out, not very exhausting

2018-01-21 21:47:31 UTC  

@Marseille apply to call center jobs online, there might be one in your area. I got a job during last semester at a call center making $17 an hour. If you get it, drop the low paying student job. Call centers love college students because they’re ok with short term assignments, are educated, can speak well and follow a flow chart, and don’t have to pay them benefits.

2018-01-21 21:52:05 UTC  

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.

2018-01-21 21:55:58 UTC  

Source: Engineering degree in 2010, MBA graduate last month

2018-01-21 22:02:04 UTC  

@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.

2018-01-21 22:12:29 UTC  

@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.

2018-01-21 22:12:33 UTC  

Thank you guys.

2018-01-21 22:42:14 UTC  

Tfw an apprentice and my school is my job

2018-01-21 22:42:36 UTC  

@Deleted User How's that going?

2018-01-21 22:54:12 UTC  

Good

2018-01-21 22:55:18 UTC  

If you ever need help, let me know. I still have a ton of notes.

2018-01-21 22:56:02 UTC  

Thanks brother 👌🏻

2018-01-21 22:56:21 UTC  

My classes don't start till August to be fair

2018-01-22 19:25:16 UTC  

@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)

2018-01-22 20:20:56 UTC  

@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

2018-01-22 20:29:55 UTC  

@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

2018-01-22 20:30:45 UTC  

@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

2018-01-22 20:32:22 UTC  

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

2018-01-22 20:40:19 UTC  
2018-01-22 20:45:59 UTC  

@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

2018-01-22 20:56:17 UTC  

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

2018-01-22 21:05:04 UTC  

@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

2018-01-22 21:06:43 UTC  

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

2018-01-23 22:29:50 UTC  

@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?