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Money Talk
re: The Wall Street Admissions Test (WSAT) - Chris Farley
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...


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Money Talk
re: Lot advice - Chris Farley
Sounds like you'll need a double wide...


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O-T Lounge
re: How Much Money To Consider Yourself Rich - Chris Farley
[link=(http://www.businessinsider.in/Dan-Loeb-Got-In-A-Fight-With-The-Moms-In-His-Building-Over-Swimming-Pool-Temperature/articleshow/32794511.cms)]LINK[/link] 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...


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O-T Lounge
re: How Much Money To Consider Yourself Rich - Chris Farley
Who was the HF manager?...


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O-T Lounge
re: Candy Crush Saga raking in over $800,000 per day - Chris Farley
You'd have lost money....


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O-T Lounge
re: Candy Crush Saga raking in over $800,000 per day - Chris Farley
[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. ...


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O-T Lounge
re: WSJ - Amazon is about to announce their own smartphone - Chris Farley
[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...


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O-T Lounge
re: WSJ - Amazon is about to announce their own smartphone - Chris Farley
[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. ...


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Money Talk
re: What is the Money Board's opinion on high frequency trading? - Chris Farley
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...


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Money Talk
re: What is the Money Board's opinion on high frequency trading? - Chris Farley
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...


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Money Talk
re: How much do you save each month? - Chris Farley
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....


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O-T Lounge
re: dumb marathon question - Chris Farley
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. ...


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O-T Lounge
re: Spinoff: Would you water ski through Seal Island's gauntlet for $25 mil.? - Chris Farley
Would do it for $10M and on a slalom...


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O-T Lounge
re: Anyone On The OT Ever Been Attacked By a Wild Animal - Chris Farley
Woke up with a hog in my bed once...


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Money Talk
re: How much house can I afford? - Chris Farley
[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...


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Money Talk
re: How much house can I afford? - Chris Farley
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. ...


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Money Talk
re: 0.6% return so far on 401k and Roth . Will it get any better ? I need to see10% - Chris Farley
Every year won't be like 2013, chap. ...


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O-T Lounge
re: What is the best city to live in after graduation? - Chris Farley
[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...


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O-T Lounge
re: Fat Loss vs Penis Size (Random Hypothetical) - Chris Farley
I'll take 150lbs of fat please. Girls would frick any dude with a 16 inch dong, even if was 300lbs. ...


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Money Talk
re: Ways to increase credit score - Chris Farley
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...


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O-T Lounge
re: Worst Company 2014 Brackets -- Who will win? - Chris Farley
I'd vote Delta, too bad they already lost. ...


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O-T Lounge
re: What do you consider "Upper Middle Class"? - Chris Farley
[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. ...


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O-T Lounge
re: What do you consider "Upper Middle Class"? - Chris Farley
That was at least their intention, wouldn't be suprised though if it were closer to the opposite. ...


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O-T Lounge
re: What do you consider "Upper Middle Class"? - Chris Farley
[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...


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O-T Lounge
re: What do you consider "Upper Middle Class"? - Chris Farley
[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...


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O-T Lounge
re: What do you consider "Upper Middle Class"? - Chris Farley
[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?...


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O-T Lounge
re: What do you consider "Upper Middle Class"? - Chris Farley
[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...


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O-T Lounge
re: What do you consider "Upper Middle Class"? - Chris Farley
[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...


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O-T Lounge
re: What do you consider "Upper Middle Class"? - Chris Farley
[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...


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O-T Lounge
re: What do you consider "Upper Middle Class"? - Chris Farley
[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?...


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