Say you are a high school senior..
Say you are a high school senior, deadset on banking. You have your whole life planned out. You would enter Richard Ivey, you would get an internship between your third and fourth year, you would get a banking analyst job and earn 130K/year. Then, after two years as an analyst, you would move to hedge funds and make even more money (but you don't have that planned out too well).
The market crashes and everyone is going crazy (like right now).
You have one more year of secondary school - do you tough it out and still enter university as a commerce student, hoping the markets have rebounded enough by then that you still get to achieve your life's dream? (crazy comp at a young age)
Or do you go through a different path? Hey, medicine doesn't look too bad right now...
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Total votes: 110
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don't plan your whole life
don't plan your whole life out. go to college as a commerce student (since it sounds like you like business generally, but if you dont then maybe avoid it), smoke a lot of weed (and maybe do a little coke), drink, get laid, and be happy.
some of the best laid plans go to hell...
yep sounds good
yep sounds good
Your life's dream is "crazy
Your life's dream is "crazy comp at a young age". Why not start planning your mid-life crisis instead?
the fact that this whole
the fact that this whole crisis has transpired should show you that making any predictions 4 years out is futile.
I wouldn't give up on anything and I wouldn't commit to anything. Take a wide array of stuff in college, find out more about what banking really entails, then make a 1-2 year career choice. I didn't know what banking/trading/etc was until I was a sophomore. Maybe you're one of those kids who does DCFs in his spare time and invests a good chunk of their parents money - more power to you, but that doesn't mean you shouldn't explore other things. That's what college is for.
Hedge your life, buy puts.
Hedge your life, buy puts. If you dont get into banking you will have a pile of money because the market crashed. If you get in the banking the market is good but your puts expired worthless. You make a lot of money in banking. Win-Win.
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