Going through this forum with so many grad students I feel downright old at 40 :)
I am passionate about investing but consider myself a novice. Lately, I've been getting into developing automated systems for forex. My current career is not finance related and my income is decent ~$300k/yr. My graduate degree was in database marketing and I am very quant focused. (i.e. predictive multi-variate modeling and segmentation vs. mass brand advertising).
I'm looking for something that will give me more flexibility to balance family and work. Perhaps ability to work from home or from Taiwan (family there).
In researching ideas on how to possibly merge my passion for investing/finance with flexible type jobs, I stumbled upon prop shops. This is all new to me and I'm not sure where to begin.
So my questions are:
- Is there a possibility for someone that has not been in finance or investment banking to enter the field at my age/stage? (I do feel my quantitive background is somewhat relevant)
- Is it feasible to generate a comparable income at a prop shop?
- It seems that some prop shops use firm money and some are a blend. I could probably use $100k of my own funds.
- Am I even on the right path? Should I just stick with personal investing?
I've been looking at Avatar Securities & Broad Street Trading because they have offices in my city and they seem legit.
Any advice would be appreciated. Just exploring at the moment.