16 year old Hedge Fund Manager
I'm gonna start off by talking about myself a little bit. I'm 16 years old and I'm a junior in a high school in the suburbs surrounding NYC (Long Island). I come from a working class family where we get by, but things can get pretty tight at times. I really have a strong interest in finance, and it's not just the money, I really find economics and finance very interesting,
I even have a virtual trading account and I'm beating all of the indexes significantly this year! I know a lot about the markets as well, because I follow them religiously and read about investing and business as much as I can; my friends even make fun of me because of how much I know about business and investing.
I have really good grades right now and I hope I can get into a good College like NYU or even Wharton. Alright, I know that long term I would like to start and manage a hedge fund, but I don't know exactly what I should do after college. Should I get a job in IBD or maybe trading? Which one will help me with my long term goal of becoming a HF manager? Also what is compensation like for S&T? I hear that it's like $80k before bonus, but just how high can your bonus be? I like prop trading, but I doubt that's gonna be around long with all this crap the Obama Administration is implementing like Dodd Frank and the Volcker Rule. When it comes to work/life balance or hours, I really don't care at all as long as I'm making good money and learning a lot. I'd rather sacrifice my time while I'm young and I can handle it, so that I can enjoy the finer things in life in the future.
My plan for a while was this:
-Go to college and major in Finance, Math, Economics
-Hopefully land a job at one of the big banks, Goldman or UBS either as a trader or banker (still not sure which one!)
-Slave away for 2-3 years and then get an MBA
-Keep working at a bank or move to a HF. After doing this for another 5-7 years I would like to start my own HF when I'm in my low to mid 30s
-Then get crazy returns and grab a spot on the Forbes 400!
Ok, the last one might be pushing it a little bit, but hey, you never know!
I know that none of this will be easy and I will have to work really hard, but I'm willing to do whatever it takes because this has been my dream for a while now and I can't see myself doing anything else.






Awaiting for the shit show to
Awaiting for the shit show to commence.
“...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.”
- Schopenhauer
I can't do this anymore. I
I can't do this anymore. I just can't.
I hate victims who respect their executioners
Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital
It's great that you're
It's great that you're putting so much thought into your professional aspirations but please, for your own sake, enjoy the last summer of your life. Go talk to some girls or something. Go to the beach, I don't know. Oh, the things I would do to go back to high school... You won't appreciate it till it's over.
Just saying...
(No subject)
Here's the thing. If you can't spot the sucker in the first half hour at the table, you are the sucker.
coolstory, bro. tell it
coolstory, bro. tell it again.
seabird: Awaiting for the
Awaiting for the shit show to commence.
but seriously? Learn to
but seriously? Learn to program
Here's the thing. If you can't spot the sucker in the first half hour at the table, you are the sucker.
God of Wine: coolstory, bro.
coolstory, bro. tell it again.
I'm gonna start off by talking about myself a little bit. I'm 16 years old and I'm a junior in a high school in the suburbs surrounding NYC (Long Island). I come from a working class family where we get by, but things can get pretty tight at times. I really have a strong interest in finance, and it's not just the money, I really find economics and finance very interesting, I even have a virtual trading account and I'm beating all of the indexes significantly this year! I know a lot about the markets as well, because I follow them religiously and read about investing and business as much as I can; my friends even make fun of me because of how much I know about business and investing.
I have really good grades right now and I hope I can get into a good College like NYU or even Wharton. Alright, I know that long term I would like to start and manage a hedge fund, but I don't know exactly what I should do after college. Should I get a job in IBD or maybe trading? Which one will help me with my long term goal of becoming a HF manager? Also what is compensation like for S&T? I hear that it's like $80k before bonus, but just how high can your bonus be? I like prop trading, but I doubt that's gonna be around long with all this crap the Obama Administration is implementing like Dodd Frank and the Volcker Rule. When it comes to work/life balance or hours, I really don't care at all as long as I'm making good money and learning a lot. I'd rather sacrifice my time while I'm young and I can handle it, so that I can enjoy the finer things in life in the future.
My plan for a while was this:
-Go to college and major in Finance, Math, Economics
-Hopefully land a job at one of the big banks, Goldman or UBS either as a trader or banker (still not sure which one!)
-Slave away for 2-3 years and then get an MBA
-Keep working at a bank or move to a HF. After doing this for another 5-7 years I would like to start my own HF when I'm in my low to mid 30s
-Then get crazy returns and grab a spot on the Forbes 400!
Ok, the last one might be pushing it a little bit, but hey, you never know!
I know that none of this will be easy and I will have to work really hard, but I'm willing to do whatever it takes because this has been my dream for a while now and I can't see myself doing anything else.
i'll bore you when you become
i'll bore you when you become successful
bullbythehorns: but
but seriously? Learn to program
This. If I could go back and give my 16-year-old self some advice, much of my career-related counsel would be "Look - go after finance if you want, but make sure you can program."
swagon: God of
coolstory, bro. tell it again.
I'm gonna start off by talking about myself a little bit. I'm 16 years old...
Damnit, Swagon. I just laughed in a room full of people.
swagon: God of
coolstory, bro. tell it again.
I'm gonna start off by talking about myself a little bit. I'm 16 years old and I'm a junior in a high school in the suburbs surrounding NYC (Long Island). I come from a working class family where we get by, but things can get pretty tight at times. I really have a strong interest in finance, and it's not just the money, I really find economics and finance very interesting, I even have a virtual trading account and I'm beating all of the indexes significantly this year! I know a lot about the markets as well, because I follow them religiously and read about investing and business as much as I can; my friends even make fun of me because of how much I know about business and investing.
I have really good grades right now and I hope I can get into a good College like NYU or even Wharton. Alright, I know that long term I would like to start and manage a hedge fund, but I don't know exactly what I should do after college. Should I get a job in IBD or maybe trading? Which one will help me with my long term goal of becoming a HF manager? Also what is compensation like for S&T? I hear that it's like $80k before bonus, but just how high can your bonus be? I like prop trading, but I doubt that's gonna be around long with all this crap the Obama Administration is implementing like Dodd Frank and the Volcker Rule. When it comes to work/life balance or hours, I really don't care at all as long as I'm making good money and learning a lot. I'd rather sacrifice my time while I'm young and I can handle it, so that I can enjoy the finer things in life in the future.
My plan for a while was this:
-Go to college and major in Finance, Math, Economics
-Hopefully land a job at one of the big banks, Goldman or UBS either as a trader or banker (still not sure which one!)
-Slave away for 2-3 years and then get an MBA
-Keep working at a bank or move to a HF. After doing this for another 5-7 years I would like to start my own HF when I'm in my low to mid 30s
-Then get crazy returns and grab a spot on the Forbes 400!
Ok, the last one might be pushing it a little bit, but hey, you never know!
I know that none of this will be easy and I will have to work really hard, but I'm willing to do whatever it takes because this has been my dream for a while now and I can't see myself doing anything else.
I don't know why but that killed me
1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...
Are you serious? Programing?
Are you serious? Programing? enlighten me
honestly, if you pump the
honestly, if you pump the brakes a bit things will come easier. if you plan your life out year by year and job by job, you'll just be depressed when there's a bump in the road or something like 2008 happens again. Ambition is great, but be flexible about your life. Instead of watching CNBC and Bloomberg, make bad decisions and enjoy your last few summers of freedom.
See my WSO blog
"The only thing that interferes with my learning is my education." Albert Einstein
OP: one step at a time. Get
OP: one step at a time. Get into a top school first. We can talk later. Get out, get a girlfriend and travel a bit more. Talk to more people. You will see many people make their living differently.
"I am the hero of the story. I don't need to be saved."
CornerOffice21: my friends
swagon: CornerOffice21: my
"The penalty of success is to be bored by the people who used to snub you."
-- Lady Nancy Astor
CornerOffice21: swagon: C
Patrick, did you just hire
"I am the hero of the story. I don't need to be saved."
swagon: CornerOffice21: my
ccrosb: CornerOffice21: s
"The penalty of success is to be bored by the people who used to snub you."
-- Lady Nancy Astor
“I work for Goldman
"I am the hero of the story. I don't need to be saved."
when you are accepted at a
I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.
CornerOffice21: ccrosb: C
We're all getting
I hate victims who respect their executioners
Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital
Op if you were legal I'd be
I eat success for breakfast...with skim milk
DeanPortman: Op if you were
"The penalty of success is to be bored by the people who used to snub you."
-- Lady Nancy Astor
Thought I was going to read
"Not to feel exasperated or
Work hard, play hard.
IlliniProgrammer: "Not to
"The penalty of success is to be bored by the people who used to snub you."
-- Lady Nancy Astor
My only goal at your age was
GBS
BlackHat: We're all getting
"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan
GoldmanBallSachs: My only
Aldrich IV: Thought I was
UBS is a great bank? What the
"History doesn't repeat itself, but it does rhyme."
(No subject)
"I am the hero of the story. I don't need to be saved."
Human: Funniest thing I
Relentless101: GoldmanBallS
"The penalty of success is to be bored by the people who used to snub you."
-- Lady Nancy Astor
Connor: BlackHat: We're all
"The penalty of success is to be bored by the people who used to snub you."
-- Lady Nancy Astor
CornerOffice21: I have a
Just saying...
CornerOffice21: Connor: B
"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan
Connor: CornerOffice21: C
"The penalty of success is to be bored by the people who used to snub you."
-- Lady Nancy Astor
http://youtu.be/rW-67dLgazg E
"The penalty of success is to be bored by the people who used to snub you."
-- Lady Nancy Astor
Isn't it your bedtime?
"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan
Connor: Isn't it your
"The penalty of success is to be bored by the people who used to snub you."
-- Lady Nancy Astor
I'm just giving you a hard
"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan
Your friends probably make
CornerOffice21: Connor: Isn
"I am the hero of the story. I don't need to be saved."
CornerOffice21: DeanPortman
I eat success for breakfast...with skim milk
Bro, at 16 just enjoy this
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