Major for stock trade?

massdebater
massdebater

I am a noob when it comes to the financial world, so please help me.
I am really interested in stock markets and I need to decide what I am going to study soon.
I was going to study economy at a german (elite) uni, but a friend who is studying there told me that I would have to study mathematics or IT to work at the stock market.

What should I do? Do I really have to change majors?

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online.wsj.com/public/resources/documents/info-Degrees_that_Pay_you_Back-sort.html

Flameblow
Flameblow

Bump

CodeBuns
CodeBuns

No, you can learn this shit on your own.

StrangeWizard
StrangeWizard

Your mate is right. If you want to explain the stock market the whole day u have to study economics. If you realy want to make money and TRADE in the market you are a rich man with IT+financialskills combined.

whereismyname
whereismyname

quit giving your money to the kike schools and use it to start your portfolio.

everything you learn there you can learn on your own for free.

if you can't do that then school wont help.

Nojokur
Nojokur

Study anything finance/economy/math related and do CFA certification.

Emberburn
Emberburn

quit giving your money to the kike schools
Uni here is free (although I believe it is retarded, but as an individual I am gonna take advantage of this economic illiteracy in my country)

use it to start your portfolio
isnt daytrading dead?
Not interested in IT or mathematics. What EXACTLY could I do with economy/finance in this day and age?

LuckyDusty
LuckyDusty

isn't day trading dead?
A portfolio is a list of stocks you own. If you want to trade stocks (daily or no) you need to own them. The collection of stocks that currently belong to you is your portfolio.

DeathDog
DeathDog

this

Buying stocks isn't even that complex. Just learn about chard indicators, how to read the fundamentals of a company, and be familiar with what industries are doing well and which are not.

Soft_member
Soft_member

"dear internet, i am stupid and dont have any innate talents or curiosities so i was wondering how i can learn to get people to pay me money for no reason?.. In other words how do i get free money?'

viagrandad
viagrandad

boom!!!
but yeah easy on the juden mate! we are all part jew oderwise we wouldnt be here!

Evilember
Evilember

I recommend you grow out of the childish mentality that you're in.

You're not going to become some big swinging dick trader like it the movies. Sorry to burst your bubble but that stuff is fake.

You are one of millions who fall for it and it is incredibly disturbing.

MPmaster
MPmaster

german (elite) uni
Doesn't exist. They are all heavily underfunded and mediocre at best

BunnyJinx
BunnyJinx

german (elite) uni
Now I'm curious OP. What uni?

5mileys
5mileys

not with that attitude you won't

Evilember
Evilember

Not OP, but I'm interested in building a portfolio and investing. Are GM and 3M still safe investments for the short-term and if so, how much of each should I buy into? Also, how would one go about investing personally? I mean without a stock broker.

TurtleCat
TurtleCat

I thought they were free though?

BlogWobbles
BlogWobbles

If you want to work for prop trading firm, hedge fund, or investment bank (as a trader, wealth manager etc) you are going to need a proven record. If not, you are going to need quantitative abiltiies at either an elite school or 3.75 GPA so that they know they can teach you how to trade invest what not and you can also do quantitative stuff for the firm.

You can teach an engineer, mathematician, physicist, statistician about finance, but, you can't teach a finance kid about math.

Source: Family member is now a trader, originally an accountant with a strong record for frequent trading (few days), his strategy is to trade news (where i assume his accounting background comes in to play)

VisualMaster
VisualMaster

What is that compony in the background with the yellow logo?

Nude_Bikergirl
Nude_Bikergirl

(guy you replied to here. Posted with my phone earlier)
They are, and that's the problem. You get what you pay for.
Why do you think our universities are so low on the world rankings? They are state funded and not allowed to take tuition fees, which leads to all of them being equally poor and destroys all competition between them.

Since this isn't enough they are regulated by the government and can't really decide who gets in. If there are more applicants than places they decide who gets the place purely on their High School average grade. No interviews, no personal statements, no extra qualifications. Literally nothing but the number on your high school diploma. Here's a simplified example of a hypothetical mathematics course with only 1 place
Student 1 has an A in math and a D in literature
Student 2 has a C in math and an A in literature
Student 2 would get in because in average is higher and the university won't do jack shit about it.

Those 2 reasons combined completely destroy the will for universities to compete for students. It's basically the same problems socialism/communism faces with businesses.

Germany can not have elite unis because it's a socialist education system. Any employer will prefer most US/GB degrees over a German "Universit├Ąt von bumfucknowhere" one.
The worst thing about it are the students protesting the tuition fees (you can't even call it tuition fees. It was only about 200$/year in the past) on the basis of "Poor people are entitled to a degree too!". In both the US and Great Britain you can take government loans to cover your tuition fees. And as long as you don't study some inane shit like Gender studies it pays off in the end and everyone wins. Meanwhile in Socialist Germany we pay higher taxes and the government decides how much each university """needs""".

girlDog
girlDog

Open a Robinhood acct. (check the thread) don't listen to the Stormfag/pol/tards go to fucking school , learn investing , you will have a certain% advantage over the uneducated that will pay. How do you think the Jew boogie man these guys envy got Rich..............Enter non-stop merchant shitposting NOW

cum2soon
cum2soon

Open a Robinhood acct
How do you think the Jew boogie man these guys envy got Rich
he thinks the Jews don't own Robin Hood

SomethingNew
SomethingNew

Still, and my friend also told me today that most banks are giving up stock trade and only do MINTs (i dont even know what that is). So is wall street and stock exchange in general dead?
The movie pic was just for fun...but how are you supposed to know what I am able to achieve?
Lmu munich

lostmypassword
lostmypassword

If you didn't had any interest in this shit before and all this year, why do you want to study this shit?

I like the market since I my childhood. When I was 11 I noticed shareprice from the news tv and compared it with the price of days before. I bough my first shares with 16 (dads name). Study something you would enjoy and don't waste your time.

New_Cliche
New_Cliche

MINT
Mathematik, Informatik, Naturwissenschaften und Technologie.
It's literally STEM.

Booteefool
Booteefool

fake
literally thousands of people are making millions in the stock market in the present day

Yeah so fake.

6 months ago I talked to a guy who put about $250k into Apple in 2006.

Lord_Tryzalot
Lord_Tryzalot

Either study FInance or Business Administration.

School is just the chalkboard though. The real test is you getting out there and working on your trading skills.

girlDog
girlDog

Dude! Computer Science and Math, Computer Science and Math, Computer Science and Math
Computer Science and Math, Computer Science and Math, Computer Science and Math
Computer Science and Math, Computer Science and Math, Computer Science and Math
I'm a graduate from a SUNY school with a Finance degree. It was a fucking joke! Everything was just barely scratching the surface when it comes to real financial markets. You are better off learning Majoring in Computer Science and also learning as much math as possible. Then learn about Finance and Trading on youtube videos and Books and Investopedia. I'm not fucking joking I really wish that is what I did Business school was a fucking joke.

takes2long
takes2long

Replying to my own post, also if you take computer science and down the line, you realize that people involved with trading financial assets are all a bunch of bloodthirsty assholes. The sky is the limit with how many other tech type jobs you can get into.

Carnalpleasure
Carnalpleasure

Commerzbank, senpai

Booteefool
Booteefool

SUNY

Well, there's your problem buddy.

Spamalot
Spamalot

B-b-but SUNY binghamton is a good school.
But i have posee.

tfw ironic twist of fate when i took the L scholarshipwise despite being a minority bc my parents weren't welfare tier.

5mileys
5mileys

you realize that people involved with trading financial assets are all a bunch of bloodthirsty assholes
I resent that.
Apologize before I crack your bones and eat them.

happy_sad
happy_sad

How old was your family member when he entered finance?
I started university late because I spent my teens and early twenties as a full time care-worker for my father until he died.

I'm currently doing a masters degree in mathematics at a university in the UK, it's not one of the MAJOR players but it's in the top 15.
I'm on track to graduate 1st class with honours, which is supposedly equivalent to 3.7 - 4.0 GPA.

My problem is that I'll be 30 when I graduate. Some of the alumni and people in the industry I've spoken to have said the high paying jobs like investment banking prefer 21 and 22 year olds. I'm wondering if it's the same in the states?
I look unusually young for my age and I'm extremely healthy and have no family responsibilities anymore but I'm worried I'll be considered too old to compete with the guys in their twenties.

lostmypassword
lostmypassword

tfw going to SUNY Binghamton
Am I going to make it? Do people who go to better public schools make fun of you?

kizzmybutt
kizzmybutt

mfw I planned on transferring to a SUNY school next year

CouchChiller
CouchChiller

Economics is a shit-tier degree.

DeathDog
DeathDog

Op here, I have just seen on the homepage of the uni that if you choose to study math, you can specialize in finance.
On the one hand I am scared that it is crazy difficult, but on the other hand I dont believe in the talent myth, only in learning.

TreeEater
TreeEater

Why do you want to do this? What's your motivation?

haveahappyday
haveahappyday

financial freedom, enable children I might have one day to not worry about money (education), purpose in life (fuck "do what you love", I believe in learning to love what you do)

I also dont see my purpose in anything else and I went to a german equivalent of a high school that had an emphasis on economy, so this all isnt completely new for me. Its not like I am just choosing to study this just because I feel like it.

Carnalpleasure
Carnalpleasure

Christ that's a terrible answer, you didn't give even one good reason.
Whatever you do don't say this shit in an interview.

It's okay if your only motivation is cash. But you can't actually say it because the majority of people who are solely motivated by a high salary will be bad at their job and burn out fast.
Employers know this.

Evilember
Evilember

it isnt just cash, I am actually very interested in this, but I cant say too much since I havent seen the inside of the industry

SniperWish
SniperWish

online.wsj.com/public/resources/documents/info-Degrees_that_Pay_you_Back-sort.html
Economics has the 5th highest avg mid career salary and for the top 10th percentile it's 1st. It's only a shit-tier degree if you're a shit tier student at a shit-tier uni

Spazyfool
Spazyfool

What is "this"?
WHAT are you interested in? Give some details.

haveahappyday
haveahappyday

If you want to work at a trading firm math is the way to go. Everyone is going into algo trading so math really is what they are looking for. Of coruse you will also need to look into doing the CFA after you graduate which will take you around 5 years to complete unless you are very lucky and pass all three tests your first time. If you just want a foot in the door and see what finance is like, a Finance or Economics degree is fine. It is very easy to get into an operations role. Maybe take a look at a stock loan operations or other operations jobs. They are not glamorous but it is a easy place to get into the bigger banks to start.

GoogleCat
GoogleCat

financial markets
actually considering math now
CFA
I read that you need 4yrs of work experience and to pass three exams, why 5 yrs?

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