The State of Veeky Forums

whereismyname
whereismyname

Does anyone on Veeky Forums here actually study anything besides meme stocks on Robinhood or BTC?

I mean an actual discipline like finance. I am a finance major with a concentration in financial planning and I've never seen a more disorganized place where no one essentially knows what they're either

A: talking about
or B: what they're doing.

If you're in a good paying job, kudos to you. But if you are one of those Tai Lopez wannabe's that sits in their parents basements collecting NEETbux and then goes onto Robinhood everyday to blow their entire NEET check on penny stocks, you seriously have to change your ways, people.

Booteefool
Booteefool

To be fair, credentialed and qualified professionals barely know what they're doing. No one has the crystal ball.

Spamalot
Spamalot

BUY XMG FAGGOT

hairygrape
hairygrape

went full wagecuck
spent all free time studying for CFA exams year after year
at some point life loses meaning
goals become worthless
reality sinks in an-

Methnerd
Methnerd

I can't read because of autism
That's you. That's you to a T.

PackManBrainlure
PackManBrainlure

A CFP knows way more than some mindless permavirgin with no background in business or finance at all.

Please, do you really think a moron like yourself knows more than a guy like me? Come on. Don't embarrass yourselves.

Emberfire
Emberfire

What you see on Veeky Forums is the Post-Robinhood boom. Before Robinhood, no one on this place talked about "TO THE MOON" or "BUY AMD"

Things that were discussed actually had some meaning and insight and not just haste.

Evilember
Evilember

be workin at a bank
IT-Admin and regulatory reporting
have thousands of € in vidya and technology stocks
some derivatives and gold
get curious and wonder what Veeky Forums says about the above
see a bunch of kids spewing memes and only trading a few bucks in bitcoins

this is a sad place

Flameblow
Flameblow

You seem quite agressive. No need to get angry when somebody tells you your degree is 100% worthless when it comes to making money thru investments

StonedTime
StonedTime

Finance, like any other business degree is a wagecuck diploma. No better or worse, it servers cucking purpose just fine. It's not a bad degree by any means.

FastChef
FastChef

I think the place can change if educated posters like you post more. What I think happened was a scramble and it brought a lot of newbies like me out.

Largely I think the noobs are willing to learn if you share.

whereismyname
whereismyname

I'm not a schitzophrenic, so you can address me in the singular form of the pronoun. Secondly, what's your net worth?

Soft_member
Soft_member

I'm actuary making 70k per year at my job but like 80k per month trading ETH.

hurr nobody has any idea what they're doing
It's called buying and holding cause I'm going to the moon baby.

Evil_kitten
Evil_kitten

I would qualify as educated but I feel I have a different perspective to offer this topic other than my background.

I've been around since the genesis of Veeky Forums. I remember Veeky Forums-esque topics were popular on /pol/ before this board was created. At first it was great, a lot of great input came from posters. But slowly over time it became flooded with memers and trolls.

I still peep in every once in a while. However, if you want quality posts with genuine input , Veeky Forums is sadly no longer the place. Even reddit has business & finance boards with higher quality posts than Veeky Forums.

Carnalpleasure
Carnalpleasure

Worthless

Says the kid on Veeky Forums with nothing to show for himself.

Wow, you faggots on 4chins sure love the work cuck, don't you? I guess that's because 99.99% of you encourage the practice.

You can't even spell so you don't get shit.

I'm actuary making
Make a fucking English book and learn how to speak it as if you were a native.

Sharpcharm
Sharpcharm

Which is why Reddit is and always will be the place where legitimate celebrities go to to associate with their fans. Veeky Forums is just a cesspool of the underachieving sad and depressed minds of the Internet.

TalkBomber
TalkBomber

This place is /r/wallstreetbets except without the 5 people that know what they're doing. There are some decent places to discuss this shit on reddit though.

TurtleCat
TurtleCat

and you all still come here despite the whining

VisualMaster
VisualMaster

Sorry, I must have gotten lost while looking for /pol/

PurpleCharger
PurpleCharger

Haha let me get this straight, you get on here to tell people they are dumb and about how stupid they are for coming to Veeky Forums to fuck around on biz? Then make a argument that this place sucks because reddit and celebrities. Just accept that finance is dumb and will be taken ruined by technology in the future.

Fuzzy_Logic
Fuzzy_Logic

im a trader at a medium sized hedge fund. mainly interest rate futures(US treasuries and eurodollars). but i only go on Veeky Forums and Veeky Forums about once every 3 months. used to spend a lot of time here in 2006-2008 when i was at university and its fun to come back once in a while. ive pretty much given up on trying to post any real stuff here since i usually just end up getting shit on by people that are dreamers and obsessed with get rich quick schemes that don't involve putting in work and using your brain.

Spazyfool
Spazyfool

Yeah because I can see a shit ton of robots and artificial intelligence on the trading floor.

Let me guess, you're some IT grad? Or an Indian "engineer"? Spare me, peasant.

Stark_Naked
Stark_Naked

They don't know hard work unless it came and fucked their girlfriend in front of them. Guys like you and I who actually are putting in the hard work and learning how to make waves while these little punks make splashes.

5mileys
5mileys

Economics maj with Math minor, my extra electives were Finance classes. I can do cash flows, npvs, stock evaluation (self learn't really complicated will have to see an example online before I try that again). The market looks like shit, bullish and overvalued, if you have the crystal ball, pray tell what you see.

SniperGod
SniperGod

75% of this board is either Robinhood, @memecoins, Rothschild conspiracy, or kms how jobs.
25% of the serious threads are net worth dick comparisons and gold speculation, with the occasional intelligible college ex college asking for pathway insights.

I did a make biz great again by trading tit fr tat partial portfolio reveals, by the 6th post I had a Robinhood pic with caption: "To the moon, fuckers"

In the biggest stagnation in the world since 2000s nobody is saying shit about this on /biz. I actually miss those old junk posts asking how do I start my business. Those were actually thought provoking, and bit more intelligible than Dave trying to convert 500 bucks in to gold when apocalyptic credit crunch on a gold thread

BlogWobbles
BlogWobbles

2 users are creating 95% of all shitcoin threads. The mods seem to like it.

ZeroReborn
ZeroReborn

BA and MS in CS. I have a lot of side projects to monetize, even have one as a Delaware s corp.

I'm also interested in Finance. Reading about value investing because it's the only thing that actually makes sense. Learning the Quantopian platform simultaneously. Doing problems off modeloff to learn the basic equations.

So yea, very interested in business and finance. This crypto stuff is trash.

Fried_Sushi
Fried_Sushi

schitzo instead of schizo
Fair enough, chuclefuck. That being said, you're still probably nothing but an excel monkey for the bigwigs who actually run the business you work at. In that environment, your only metric for success is your overall net worth. Why wouldn't you be willing to post that on a Russian election hacking forum if it wasn't dismally small? Cowboy up, cunt.

Sir_Gallonhead
Sir_Gallonhead

And yet you're here criticizing me. How lovely.

girlDog
girlDog

Why are you taking advantage of Delaware's corporate laws? Because you cannot afford to do it elsewhere? I know all about that. I live here.

5mileys
5mileys

Take a look at investing.com, get familiarized with how quarterly reports roll in and when. If you are smart enough about it you can easily roll with the wave for 3-4%.

takes2long
takes2long

I also have a tech background. I plan to get myself another degree after this one. I'm just really fucking bored at the moment and Finance seemed to be pretty lucrative. After all, I studied the shit as a teenager and as an adult. It's not that difficult. And for those who think finance is, you're braindead.

Inmate
Inmate

Also it's not about your net worth, child. I've seen people that have had net worth in the hundreds of millions yet you wouldn't have a fucking clue.

lostmypassword
lostmypassword

You know, I re-read the OP and I have a question: do you even have a degree?

This is important.

Methnerd
Methnerd

And why would that be important? I'm studying for my Bachelor's. I just fucking turned 25. I've been dealing with business and finance since I was 14 fucking years old so if you want to doubt my knowledge of the business/finance world, you can go ahead and do so but know that I was born into it. My family has been in finance and business for over 30+ years.

Firespawn
Firespawn

like 80k per month trading ETH.

It's called buying and holding cause I'm going to the moon baby.

So are you trading or holding it then?

RavySnake
RavySnake

Was replying to , was trying to say don't be an ass about it. Sorry, had a rough workweek, our finance major sales is full of himself and a complete asshat in that he knows everything when he advises. Especially when I have to hedge his portfolio with some truly heinous shit in order for him to sell it at his outrageous portfolio growth expectations and for us to make a profit.

Not an excuse. But I might be drunk right now :P

VisualMaster
VisualMaster

it's another "I'm still taking my bachelor's in my mid 20's and I know more than you" episode
Thanks for the laughs

BinaryMan
BinaryMan

Checked but I actually do. When your family has been doing it for over 30 years (I know you're about 17 years old), you tend to learn shit.

And as for , unless you have an MBA which you don't, you will never make more than a CFA/CFP. There's a reason they show the commercial of the DJ pretending to be an advisor and not the economics major. Stay poor.

Stark_Naked
Stark_Naked

Hey big shot, do you work at ANY of the Big 4's?

Raving_Cute
Raving_Cute

I bought AMD after meme analyzing and made a lot of money and now I have tripled my money in eth so go fuck yourself cunt

Nude_Bikergirl
Nude_Bikergirl

I'm currently interned at a midsize investment firm. I can say for pretty sure, the average Joe does not know what the fuck we are doing. This coming someone who's family are of engineers and doctors with masters, PhDs. Oh, and I'm 22 whereas my uncle who invested for over the years I've been alive, doesn't know half the shit I do. The man has a Physic PhD.

Booteefool
Booteefool

And by meme analyzing I mean seeing enough threads to google it and realize people weren't fucking around

Sir_Gallonhead
Sir_Gallonhead

Lol cool. Just know they're spying on you.

farquit
farquit

It doesn't stop the gains

askme
askme

what school do you go to senpai?

idontknow
idontknow

A school in New England. That's all I will say.

Playboyize
Playboyize

what tier are we talking? Because you'd have to be pretty dumb to come on Veeky Forums and brag if you're not top 10

Snarelure
Snarelure

That's merely speculation and you know it. Before the Oil bust in 2014, I turned $500 into $3100 (2009-2012), I didn't know shit about hedging risk in portfolios, stock valuations. Just read some stuff, kept an eye on OPEC (since I heard about glut only in 2011), and saw the generally post 2008 bullish momentum would guarantee energy stock momentum.

Emberburn
Emberburn

Nigga, having mom or pop own a business and being around the store doesn't mean shit. Until you're doing inventory, paying for the insurance/rent/overhead/business license/payroll/webmaster, managing employees, dealing with character assassination from competition, etc, then you can step up to me. I don't give two fucks about you riding your family's coattails when you should have gotten your bachelor's done 3 years ago. Sort yourself out.

SniperWish
SniperWish

Try Citigroup, pal. If you've worked at a better company than that or a BIGGER company than that, you let me know.

LuckyDusty
LuckyDusty

step to you

Nigga, I'd knock you the fuck out. Talking like a fuckboy gets you no where.

VisualMaster
VisualMaster

Prove it.

I fucking said that's all I will say. Not giving you any more than that. It's in New England. If you're too retarded to READ, that's your problem. Not mine.

TechHater
TechHater

If they were in the loan department, especially have anything to do with the build up of sub prime bull shit......

JunkTop
JunkTop

lmao he's graduating from some Providence Upstairs Business School and he's shit talking on Veeky Forums

GoogleCat
GoogleCat

Can i self teach myserlf math with the hi level books on amazon. biz yold me college is a scam im 18

Nojokur
Nojokur

Maybe they were. Do something about it, faggot. I'm glad idiots lost their houses. Blame the brokers that told their clients what they couldn't really afford. Blame the assholes who got the ARM's and lost their houses because when the balloon payment came. Blame the underwriters. Fucking moron.

Spazyfool
Spazyfool

Rhode Island? You're hilarious.

Raving_Cute
Raving_Cute

working for the Red Star
Not even fucking once. In fact, now I get why you're so bootyblasted with the crypto market.
a bank teller thinks he'll knock anyone out
o im laffin

Nude_Bikergirl
Nude_Bikergirl

and yet you still lose to index in the long run lol

fuck off with your meme expertise

Crazy_Nice
Crazy_Nice

Who said that I worked for them? My family worked for a subsidiary of Citigroup. Retired from them. Learn your shit, boy.

MPmaster
MPmaster

I don't lose shit. Can you fucking read? I'm a student. I'm not working for some big time company yet. But my point still stands. None of you know ANY FUCKING THING about BUSINESS or FINANCE. You may know how to hit buttons on a phone and invest in some memestock but that's it.

None of you have worked for any substantial company, none of you have ever worked in real estate, none of you have seen shit on the front lines of business or finance. You talk a big fucking game but when you get to the table, your poker face is pretty terrible and you always fold like the retards you are.

Spamalot
Spamalot

If you're going to Harvard, Sloan, Yale or Tuck congrats. If not lmao

viagrandad
viagrandad

Let me rephrase that.
the son of a bank teller thinks he'll be knocking anyone out
o im laffin

SomethingNew
SomethingNew

IF YOU'RE NOT GOING TO SOME EXPENSIVE ASS IVY THAT I SAW WHEN I WAS TALKING TO MY GUIDANCE COUNSELOR THEN U CAN FUCK OFF LMAO

Keep thinking it was Citibank. Only fucking morons and dropouts work there.

5mileys
5mileys

Your compliance let's you buy single names?

cum2soon
cum2soon

i'm talking about you as in
A CFP knows way more than some mindless permavirgin with no background in business or finance at all.

ya'll are literally just glorified con artists who pretend they can predict the future

i repeat: lol

None of you know ANY FUCKING THING about BUSINESS or FINANCE
i'm a graduate student in a very related field tho and work for a "substantial company"

i'm just telling you your (to-be) profession is a bullshit one

massdebater
massdebater

They do make more. With an MBA in finance, I'd make way more than your podunk ass makes. If you deny that, then you are a fool.

Techpill
Techpill

i never talked about the amounts you or anyone else on this board makes

i'm talking about the professional integrity of the financial professionals who, according to research, keep losing to stock indexes in the long run

are you handicapped or illiterate?

Snarelure
Snarelure

Oh you thought I gave a fuck about morals. Oh holy fuck, you're pathetic. Yeah I gave that up years ago when I went for my RE license.

TalkBomber
TalkBomber

enjoy your 40k salary my guy

SniperWish
SniperWish

morals = professional integrity
goddammit lol so you are handicapped then

put down the HBR and read a book

WebTool
WebTool

I can make that in my sleep

LuckyDusty
LuckyDusty

Stay assblasted

StonedTime
StonedTime

here you go, apparently i'm a bit handicapped too

VisualMaster
VisualMaster

So can prostitutes

TechHater
TechHater

he's right, even my proffs are telling everyone to get their CPA and learn to code/statistics.

If you're doing your CFA you're going to be in for a harsh awakening

eGremlin
eGremlin

They have a lot of case law / precedence that helps define the business law there. Basically, investors know what they're getting into. If you're going to do a startup, everyone wants a Delaware C corp. Since I'm still small time, I have an S corp to get pass through tax shit like an LLC, but easy conversion to a C corp if I ever want that sweet venture capital.

AwesomeTucker
AwesomeTucker

Aww, but your mother is such a nice lady. I met her before when I was looking for bitches on backpage.

CodeBuns
CodeBuns

I know that. I'm a resident of DE

Aaaaaaaand they'll all be outsourced.

BunnyJinx
BunnyJinx

Just look at this thread to understand why they're called wagie ragies

Fuzzy_Logic
Fuzzy_Logic

You'll never make it in finance with low quality bantz like that.

New_Cliche
New_Cliche

referring to a term used by /r9k/ fags

Pathetic

Stupidasole
Stupidasole

Why are you taking advantage of Delaware's corporate laws?

Then why the fuck did you ask? Are you the aspie from yesterday who was arguing about houses? Why are you arguing with everyone and being a shit?

whereismyname
whereismyname

Then you don't know finance, my dude.

Nojokur
Nojokur

thinking some retarded trader monkey on a bloomberg terminal wont be the first to go

Dreamworx
Dreamworx

Lmao you think I lurk this shithole 24/7? Nah. Too busy blowing money, loser. Trying to figure out what Rolex model I want to purchase.

Need_TLC
Need_TLC

They'll all be replaced by Panjeet's and Patel's. Including you.

Lunatick
Lunatick

I'm the one managing the replacing senpai

Boy_vs_Girl
Boy_vs_Girl

no financial discipline
going to work till 65

Why are you arguing with everyone and being a shit?

Evil_kitten
Evil_kitten

65? Are you out of your goddamn mind?

happy_sad
happy_sad

Why are you arguing with everyone and being a shit?

SomethingNew
SomethingNew

E-Trade, Parents account since I didn't know shit in way of taxes and costs, can't access that history. Do remember I bought SLB around 54 at early 2010 sold at 64 then bought again at 70 and sold again 82 during summer of 2011. For CVX I held long since it looked less volatile from 68 in late 2009 and sold around May 2011 for 103. BP at 28 around the Oil Spill (summer 2010) held and sold May 2011 for somewhere around 44 May 2011. STO didn't gain shit, sold it after carrying losses 2 months in when I bought it late 2009. Had a few tech stocks such as ORCL which I traded frequently beginning late 2009 to summer of 2011. That made a chunk. AMD I was meme'd into it on this board, sold it almost as fast, the moment it hit 10 basis points during summer of 2010. Also bought CHK during years end 2010, my parents convinced me since they were a major refiner of shale oil, at around 25-7? and then sold, once it dipped at 33 the next year. There were quite a few others but they didn't really pan out such as my energy provider NRG which I bought at 26 late 2009 and it fell to a low of 19 and then recovered back to 24 at summer 2011, sat on that thing hoping market bullishness would rub off and I could recover my losses, pretty newbish of me. There were times I dabbled in MSFT and few other tech stocks, but I jumped off almost immediately since I really didn't know shit and would be better off investing the little money I had into better performing stocks such as CVX.

askme
askme

Most students who think they're hot shit but have never worked are like that. There's always a handful in every graduate intake, but they rarely last more than a year in the industry.

Methnerd
Methnerd

point stands that sales look for these kinds for some reason. Our sales department, even the sales interns look down on the whole risk analysis department, I don't know why.

RumChicken
RumChicken

That works for sales desks. Hire overconfident people, milk them for a year or two, then replace them before they get expensive. Sales generally requires the least knowledge of any desk, so having higher churn isn't that bad. I bet you see a high turnover of people there - i certainly do.

TechHater
TechHater

This is an investment I'm interned at. The whole company is like all of 30 people. The sales are generally expected to know what they are talking about, thus I dunno. They're not pleasant but they sell most of what we package.

New_Cliche
New_Cliche

They only have to convey information though, so they need to understand enough to explain it onwards, but not deeply. Not to the extend that trading need to understand it to risk manage it.

Stark_Naked
Stark_Naked

Well the portfolios he sells are already ris managed. We have high earners with high risk with low earnings with low risk and when we combine the two in right proportions we get a higher P/E than the lowest yet less risk than the highest risk

Anyhow got to go. Got a test to prepare

Fuzzy_Logic
Fuzzy_Logic

why doesnt /sci/ ever uses its autism into somehting useful lke the stock market

askme
askme

oh hi, that's me.

i've obsessively studied algo trading for years. i've gotten good enough to make a living and i hope to grow aggressively as i get better.

ive pretty much given up on trying to post any real stuff here since i usually just end up getting shit on by people that are dreamers and obsessed with get rich quick schemes that don't involve putting in work and using your brain.
this.

Lunatick
Lunatick

none of you have ever worked in real estate

Why the fuck would that matter? LOL

FastChef
FastChef

sales
I never liked sales. I like telling others what the fuck to do.

5mileys
5mileys

37 posts
of this

sage

LuckyDusty
LuckyDusty

I'm studying for my Bachelor's.
My family has been in finance and business for over 30+ years.
so I know what I'm talking about because we have a mindlink where their knowledge and experience comes directly to my brain

StonedTime
StonedTime

I'm enjoying this shitposting a lot OP, you're totally right too. I'm getting fucking tired of Veeky Forums the last month, too much cryptocancer, buttcoin, and memestock. Think I will transfer too another finance forum soon.

You're kicking these neet asses in shitposting, and that takes some persistence when your opponent basically does nothing else than shitpost all day.

Also, neets make me sick.

BunnyJinx
BunnyJinx

it’s genetic

Fried_Sushi
Fried_Sushi

Please tell me this is true. I'm at a top 10 college and getting sick of these kids who only talk about how they're networking so hard to get into i-banking. I was told that if I didn't cold call at least a hundred people I wouldn't get a job, or that me GPA was trash, but then I apply online to tech companies and get offers better than the average analyst salary. Watching these idiots crash and burn would be a marvelous addition to my petty vengeance.

Ignoramus
Ignoramus

If you think they're dicks, there's a good chance that anyone who works with them will also think they're dicks. They also find it's a lot more hard work than they expected.

Bidwell
Bidwell

You should find the nearest model of pistol and shoot yourself.

Fried_Sushi
Fried_Sushi

Wanted to do IB so bad.
Got myself a 6m internship at an Elite Boutique.
Quit after 3 months of multiple and back to back 100 hours weeks with many allnighters. Worked all weekends and holidays except christmas (woo 3 days break). Worked till 2 am everyday, and 10 pm on saturday and sunday.

Fuck this. Got back to uni to finish my MSc in finance and then god knows what i'll do. Maybe i'll try consulting.

Crazy_Nice
Crazy_Nice

Forgot to say i was in M&A Industrial, at the best shop in my mainland Europe country. Countless exit opps after you get the associate promotion.

I was also very good and they told me i was pretty much assured an analyst position.

Fuck that, i prefer having a life.

likme
likme

That sounds like shit. I'm a developer and I work 8 hours a day, and that's not solid working. Sometimes you gotta think.

Emberburn
Emberburn

Please continue to describe just how awful it feels to be a naive, little cuckboi with a mediocre IQ and no future.

Feel free to return when you've made anything other than your mother cry.

TalkBomber
TalkBomber

checking out on the 6th post since op already overdid it. obviously larping is obvious. be a little more subtle next time.

TurtleCat
TurtleCat

I remember coming to this board a long time ago and not really really understanding the vocabulary and thinking I was hopeless to. After some studying and bringing my credit up from nothing, the bank gave me 25,000 now i'm looking around and the state Veeky Forums with the nEETS playing slot machines on the moon, and the fucking amount of money i've finally got to play the game with makes me want to puke. i get really nervous and i need people like you guys. Where to start?

StonedTime
StonedTime

rainy day fund, stabilize income. health insurance, dental. next.

TurtleCat
TurtleCat

if you want to day trade stocks, that's the legal-minimum required to be eligible to trade on margin and short-sell, so you'll want a little extra so that one bad trade doesn't push you under the 25k minimum and fuck your shit up (Margin call). another few thousand should be plenty to cover your risk if you're smart.

while you're saving up a little bit more capital, i strongly suggest taking like 20 months to practice trading daily and soak up financial news to learn the rhythms of the market. practice is the key to success. take notes, google stuff, read everything you can get your hands on. it takes years to get good at this stuff but after a while you'll feel confident enough to start doing it for living.

massdebater
massdebater

I'M GETTING A DOCTORATE IN PUMPNDUMP SCAMCOINS

PurpleCharger
PurpleCharger

Minimum for a margin account is $2000. The $25000 figure is for pattern day trading rules.

Just trading stocks by themselves is a little weak. It's like a 50:50 shot. You can improve your probabilities and reduce your cost basis by learning to use options. Then also move on to futures but they are a bit more nuanced.

It well worth the effort to learn more. Take a look at Tasty Trade. They provide tons of content and you will definitely learn valuable info from them.

Soft_member
Soft_member

Lmao you poorfags and wagecucks should buy dash
Easiest money guyz

Need_TLC
Need_TLC

Do binary options work or is it all a scam

TreeEater
TreeEater

Veeky Forums lives. Ty smartfags

JunkTop
JunkTop

Started a dick sucking business thanks to Veeky Forums. Now my weekly turnover is $100.

PurpleCharger
PurpleCharger

You sound retarded, people won't buy it