What's your net worth?

Is that 150k all from your 2+ years in banking? That's a lot considering NY cost of living.

Well.. some are cap gains, some from day trading way back in college. I had also been fortunate enough to receive a full merit scholarship for college so I came out debt free. I also don't spend too much, no models and bottles for me etc.

that's quite good Rice. I like this thread. Especially because I feel people are really sensitive to discussing this topic in person. Why is this?

that's quite good Rice. I like this thread. Especially because I feel people are really sensitive to discussing this topic in person. Why is this?

3rd Year Trading Analyst 755K savings About 600K in cash, the rest in callable bonds

College student $1k in savings ~$1k in checking

I like to spend my money while I don't need it :-p

1st Year Associate (2nd year this month), age 25, mostly cash, around $160k saved. Bonuses have been shit to non-existent since I started work.

poor, but last semester of school and rent paid for

beat that

Genesis where do you work? Surely not a BB? Gotta make sure I stay the fuck away...haha.

-$150k... back in b-school and had significant exposure to highly opportunistic commercial real estate deals that are underwater.

Rice_seasoningJust curious how everyone's doing in the savings/cap growth game... Also interested to know how you're managing your money

I'll start. 3rd year Analyst, BB, about 150k net worth, 25 y/o Mostly in cash (sad, but no time to manage).. in a few mutual funds but that's it.

I actually thought I would be doing better by now but with taxes taking half of what I earn, and the cost of living in NY... not much left at the end of the day

Just to clarify, by net worth you mean the value of your assets and income?

Also is anyone here a homeowner? especially interested if you're an analyst

He means amount in your checking and savings account along with any money you have invested.

So basically when the chick who said she was 18 turns out to be 16, how much cash you can throw into a suitcase.

3rd yr associate (hopefully VP this year). $300k saved since starting out as 3rd yr analyst in 2007. again, no time to manage, all cash / equity trackers.

I've been working full time for 5 months, 23 y.o, networth = 20K...

20 months out of school. 70k in cash... need to figure out where to put it. Anyone have any suggestions? Can't trade on individual names for compliance reasons, looking for mutual funds/ETFs. Equity markets scare me.... feels like a big false sense of confidence leading to a correction.

Where are people putting their money these days, which mutual funds? Looking for a good HY Fixed Income fund if anyone has suggestions.

Guys, max out your 401K and create a Roth IRA account to trade in.

135k from inheritance (not including paid off school).

2 years at a government job where I saved 30 percent on 50k/yr - and dumped it all in EME Asia from 2008 -2010 in my 401k. So call it maybe 45k now (maybe 40k).

Remember kids; savings rate in this country is 3 percent. If you can beat that you're money ahead! Also it doesn't hurt having rich dead relatives.

College Student - about 25k student debt, car loan, 5k credit card debt, 500 dollars in bank account, ~15k in brokerage

.

Rice_seasoning, just curious - what have you been paying for rent in NYC?

Age 25 (26 in 1 month):

Assets: $222,923 Liabilities: $18,618 Net worth: $204,304

In 30 days when my development project is sold, net worth will be about $260,000.

Junior in college $(20,000) = Net Worth

$6,000 in the bank $1,800 accounts receivable $500 allowance for doubtful accounts $500 net property, plant & equipment

$17,300 loan from parents $10,500 subsidized loans from government

VP @ BB. Net worth: 520,000 and growing :) Graduated undergrad and and grad with no debt, thanks dad! lol

12K in few select stocks 5k in a 5% CD - before CD rates fell to the floor 5k in savings College Junior without debt, and workaholic!

hey ihavetoomuchmoney:

Hire me!

Sincerely,

Monkeysama

age 21 net worth: approx. $750,000 $500,000 in real estate $125,000 in stocks $125,000 in cash

mainly from inheritance

Never enough! I'm just sorting my taxes right now and it's killing my numbers :(

I broke 6-figures total worth (well liquid cash) last year during college with a business I setup which was great. Hopefully can get fairly close to the magic 1m fairrrrly soon though, start as banking analyst in AUG...

-28 K...shitty, but it was -40K 6 months ago

-49K in student loans - paid for most of school myself. -1K credit card - this month's expenses, not something I roll over 17K cash 5K investments

I guess I'll play. Straight from Mint.com:

Credit cards: -$1,347.42 Student loans: -$30,850

Cash: $345.68 Investments: $1,867.37

Net worth : -$29,984.67

Ain't that special. Start working FO at BB in July...

Who else wants Patrick to post???

20yr old junior living with parents...

$40,000 - Cash value of life insurance policy (thanks dad) $16,000 - Portfolio

$56,000 net worth and decreasing

Tuition paid for through part-time work and daddy. debt free!

23 y.o. $9,000 CD's (leftover college funds) $1,200 401 (k) $1,300 checking $200 savings -$1,500 credit card

$10,200

No student loans (thanks granddad) Inheritance TBD

370k, 3rd Year Prop Trader

Paid off 80k of student loans from state school and being on my own since i was 17

Put 150 into S&P at 84.04 on the way down and another 80k at 104.64 after greek crisis. ~10k value of car. money is in other investments now though for the most part (varying investments -- large focus on international and commodity linked equities)

College Junior

9k CDs 3k savings No student loans or debt

12k net worth

2008? were u not paying attention? lol

haha i mean i was there, i just can't imagine having 150k as a junior analyst at the ready as soon as shit hit the fan.

1st year out of school. No debt.

App - $8mill (about 6mill in real estate and 2mill in equity and investments in private companies). Of Course this is all inheritance. Not going to manage it for a few more years.

Self made net worth - app $60,000 all in an investment account ( started day trading with internship money summer 09 and savings till then of about 15k)

savings account - 8k checking account - salary every 2 weeks.

more than I need or deserve... but still a lot less than I want.

@alreadyrich: not a good way to make friends

Advice request for an incoming analyst please!

As a starting analyst whats the max I can put into a 401k?

With the $ left over (if there is) should I be looking into a Roth IRA or some other type of safe mutual fund investment?

paul i think its 15.5 or 17k now i forgot which but if youre over a certain amt then you get diminishing returns on the deductible-ness of the IRA

6 mo out of school, $500 in debt (paying off a defaulted CC), 6k in 401k, 0 savings, checkings is 2 weeks salary.

consulting.

1st year analyst in NYC. ~$22K in a trading account in equities (contrary to popular belief, you can still trade individual names in IBD). A few hundred in checking account. Zero in a savings account or 401k.

Freshman Total fluctuates right around $42,500

$8000 in a trading account $12000 in Bonds- thanks Grandma $14000 in closed-end funds $8500 in savings and checking

I'd love to see it get to $50,000 by the time I'm done with Undergrad

I honestly don't believe in 401ks and IRAs. This sounds a little paranoid, but if you think about it it's basically true--they are simply ways for government to manipulate/socially engineer the population. As a soon-to-be full time entrepreneur, the rules are so favorable to small business owners that it'd be almost crazy not to take advantage of it, so I will. However, for everyone else, these retirement accounts basically take your cash--free or not, and most of it isn't--and turns it from a liquid to illiquid asset and ties you up in all kinds of red tape and bureaucracy the minute you want to do anything with it other than keep it in a fund that usually underperforms the market. I turned my IRA into a real estate IRA, which is cool, but there's more bureaucracy in it than you can shake a stick at.

I plan on working until I'm dead because retirement is the fastest way to a lazy mind and poor health (ever wonder why there are so many geriatric politicians who seem way younger than their age?).

i semi agree with vtech -- if you dont want to retire at 59.5 then it may be an issue. furthermore i cant contribute to a 401k cuz im K-1 and a member of my LLC but on the upside dont pay into the social security scheme. suckassssss. god bless gains on securities

My God a lot of you have inheritances/parents that paid for school... which is great. Sure would have made things easier the first few years + preparing (aka budgeting) for bschool. Hopefully I can do the same for next gen.

f*** all of you with inheritances