| Money Talk|| re: The Wall Street Admissions Test (WSAT) - Chris Farley on 4/13/14 at 7:30 pm|
What in the world does that have to do with this thread? He's looking for a hedge fund job.
Doc- I meant to take this last year right after the CFA, but never got around to it as I moved to NYC a week later and spent the next month working or boozing like a sailor. I'm taking L2 in June and migh...
| Money Talk|| re: Lot advice - Chris Farley on 4/13/14 at 4:38 pm|
Sounds like you'll need a double wide...
| O-T Lounge|| re: How Much Money To Consider Yourself Rich - Chris Farley on 4/13/14 at 4:35 pm|
Here's a funny story about him. He lives in 15 Central Park West, which is the cream of the crop when it comes to NYC luxury buildings. N...
| O-T Lounge|| re: How Much Money To Consider Yourself Rich - Chris Farley on 4/13/14 at 11:34 am|
Who was the HF manager?...
| O-T Lounge|| re: Candy Crush Saga raking in over $800,000 per day - Chris Farley on 4/12/14 at 7:30 am|
You'd have lost money....
| O-T Lounge|| re: Candy Crush Saga raking in over $800,000 per day - Chris Farley on 4/11/14 at 10:15 pm|
[quote]Companies stock went public and had an ipo priced at over $20 a share based almost entirely off that game. [/quote]
The price per share is irrelevant, the number to know is that it valued at $7.1B. I wish I could short the piss out of this, it will turn out just like Zynga. ...
| O-T Lounge|| re: WSJ - Amazon is about to announce their own smartphone - Chris Farley on 4/11/14 at 8:33 pm|
[quote]Yea I think he misunderstood what you were saying. Amazon could turn a huge profit if they wanted to. However, like you mentioned, they chose to reinvest 99% of their profits into growth and development. [/quote]
That's how the majority of growing tech companies work. Apple didn't start pa...
| O-T Lounge|| re: WSJ - Amazon is about to announce their own smartphone - Chris Farley on 4/11/14 at 7:17 pm|
[quote]at least cheaper than the newest Galaxy or iPhone, since Amazon doesn't care about making profits.[/quote]
Is my sarcasm meter broken? They're a publicly traded company, they care about profits. ...
| Money Talk|| re: What is the Money Board's opinion on high frequency trading? - Chris Farley on 4/2/14 at 10:56 pm|
These firms are using available resources to obtain public data milliseconds before others and profit on it. I'm not sure that you can call it front running or not, and it's definitely not insider trading. Like most arbitrage opportunities, the market has caught up and HFT firms are executing less t...
| Money Talk|| re: What is the Money Board's opinion on high frequency trading? - Chris Farley on 4/2/14 at 9:42 pm|
Working in the trading technology space I've heard a lot about this the last few days. I think there is a lot on confusion surrounded exactly what HFT is and where they fall into the system as a whole. In reality, they are very small. The industry only made ~$1B last year, peanuts when you compare t...
| Money Talk|| re: How much do you save each month? - Chris Farley on 3/31/14 at 11:05 pm|
25- maxed 401k and Roth last year. Put about 500/mo into savings account. Would like to keep more cash on hand but NYC rent and taxes hurt....
| O-T Lounge|| re: dumb marathon question - Chris Farley on 3/30/14 at 8:22 am|
Anyone that has a chance of winning is given priority starting status. You won't see any Ethiopians 100 people deep at the start line. ...
| O-T Lounge|| re: Spinoff: Would you water ski through Seal Island's gauntlet for $25 mil.? - Chris Farley on 3/28/14 at 9:59 pm|
Would do it for $10M and on a slalom...
| O-T Lounge|| re: Anyone On The OT Ever Been Attacked By a Wild Animal - Chris Farley on 3/24/14 at 8:49 pm|
Woke up with a hog in my bed once...
| Money Talk|| re: How much house can I afford? - Chris Farley on 3/24/14 at 7:26 pm|
[quote]I make SIGNIFICANTLY more than that and I paid $65,000 for mine. I understand that may not be possible in Houston though. [/quote]
200k might be high for a single income of 55k, but you can't buy a decent house in any big city for much less. Shit, I couldn't even buy a parking spot for 65...
| Money Talk|| re: How much house can I afford? - Chris Farley on 3/24/14 at 7:16 pm|
Have any savings? I would say rent, especially if you haven't lived there before. It'll give you some time to better research the good areas and be sure you want to stay there for the long haul. You can buy once you're engaged/married and have 2 incomes to help with the down payment and mortgage. ...
| Money Talk|| re: 0.6% return so far on 401k and Roth . Will it get any better ? I need to see10% - Chris Farley on 3/21/14 at 6:43 pm|
Every year won't be like 2013, chap. ...
| O-T Lounge|| re: What is the best city to live in after graduation? - Chris Farley on 3/20/14 at 9:07 pm|
[quote]Coming from LA, I wouldn't move to NYC unless you lined up an OT baller job at a big firm making $100k+ right out of school. Anything less and you're lower middle class. Not only that but you'll get taxed out the wazoo no matter what income you have in NYC. NYC actually has it's own income ta...
| O-T Lounge|| re: Fat Loss vs Penis Size (Random Hypothetical) - Chris Farley on 3/20/14 at 9:00 pm|
I'll take 150lbs of fat please. Girls would frick any dude with a 16 inch dong, even if was 300lbs. ...
| Money Talk|| re: Ways to increase credit score - Chris Farley on 3/20/14 at 8:30 pm|
Get a couple credit cards, pay for all of your normal expenses with them and pay it off monthly. Request a credit increase on each card every 6 months.
This is better than using a debit card for multiple reasons:
1. Helps your credit
2. If your card is stolen/hacked, you can take it up with th...
| O-T Lounge|| re: Worst Company 2014 Brackets -- Who will win? - Chris Farley on 3/19/14 at 10:43 pm|
I'd vote Delta, too bad they already lost. ...
| O-T Lounge|| re: What do you consider "Upper Middle Class"? - Chris Farley on 3/17/14 at 4:54 pm|
[quote]If this was directed at me, I'm not sure what to say [/quote]
Not one bit, just the general disconnects from real life that exist on the OT. ...
| O-T Lounge|| re: What do you consider "Upper Middle Class"? - Chris Farley on 3/17/14 at 4:26 pm|
That was at least their intention, wouldn't be suprised though if it were closer to the opposite. ...
| O-T Lounge|| re: What do you consider "Upper Middle Class"? - Chris Farley on 3/17/14 at 4:19 pm|
[quote]I don't consider them different concepts unless you're thinking social class[/quote]
This. The whole argument is really moot anyway. There are too many factors going into "class" to even accurately quantify it. This is just an entertaining thread to see another example of the ivory tower t...
| O-T Lounge|| re: What do you consider "Upper Middle Class"? - Chris Farley on 3/17/14 at 3:49 pm|
[quote]No shite but middle class is a subjective category (which is why we are discussing it) not a mathematical calculation. The lower class greatly outnumbers the higher classes.[/quote]
Well income disparity in the US is a whole different conversation. I was looking at it from a purely statisti...
| O-T Lounge|| re: What do you consider "Upper Middle Class"? - Chris Farley on 3/17/14 at 3:32 pm|
[quote]Why can't the median household number be considered lower middle class? That is exactly where I would put it.[/quote]
Median is the exact middle. How did you pass 3rd grade math?...
| O-T Lounge|| re: What do you consider "Upper Middle Class"? - Chris Farley on 3/17/14 at 3:30 pm|
[quote]I didn't think it would be fair to compare married two income families to single mothers. [/quote]
It's probably not, but that's also not how the world works. The single mother still has the pay the same tuition and still put the same dinner on the table for her kids so it really is compar...
| O-T Lounge|| re: What do you consider "Upper Middle Class"? - Chris Farley on 3/17/14 at 3:25 pm|
[quote]If you see other posts, I corrected myself and stated that 50k-75k is probably lower middle class. I guess my mindset is that two unskilled non educated workers could combine for 50k. I mean that's only basically ($12.50 an hour, $25,000 each person).[/quote]
And sadly, that is the media...
| O-T Lounge|| re: What do you consider "Upper Middle Class"? - Chris Farley on 3/17/14 at 3:21 pm|
[quote]Single person income is obviously different than family income. Also, the income percentile calculator that I looked at has married filers of 75k as the 50th percentile. Single filers at 51k would put you at the 86th percentile.[/quote]
Fair point, but only looking at married filers cuts o...
| O-T Lounge|| re: What do you consider "Upper Middle Class"? - Chris Farley on 3/17/14 at 3:11 pm|
[quote]Well, I guess I'd consider 50k-75k as lower middle class. I'm referring to gross income for households here. [/quote]
Right, so am I. 51k is national the median(50th percentile), so how do you consider that lower middle class?...