/biz/ - Business & Finance

>>12538922

That by itself wouldn't be that bad. It's what is described by performance indicators like Sharpe that'll kill him in the long run: For getting said return he is risking way too much drawdown aka equity. That does not end well for every future states of how the world might be. You would actually be able to prove this by backtesting and monte carlo simulation.

>>12527832

My passion is investing and I am not bad with this. I always made money for myself and my family, I do have a PhD and I am still considered 'young'. My problem is twofold: 1. In my country 'finance' is the opposite of anything having to do with trading, investing, actively managing capital. We are a nation of cowards, super conservatives when it comes to money. 2. I am considered something of a career changer (coming from pure academics) and, again, in my country this is not see in any way benevolent. In USA this is quite normal: If you're, more or less, capable and you do deliver, no one fucking cares for your background. I am oversimplifying here, I do know this, but it's about the nuances.

>>12502650

I am drunk...but I am here. Let me get my shit together....a moment plz.

>>12497758

From time to time, I try, but it's hard. Giving some effort, wanting to discuss proper investment topics, trading, entrepreneurial shit and so on...it's not very rewarding if the children here spam the board continuously with basically dog shit.

>>12469050

I feel you, I feel you, man. I'm on the verge of giving it up. I'm at the border of 400 applications....I have a PhD and I have job experience in the banking industry. I had a conversation with a VP (or whatever his rank was) from KPMG the other day: They would kinda....sorta....be interested in me, but, nah...they wouldn't go above 65k € a year.

Bump for interest + cannot add anything more brilliant than the following:

- (with way too much effort) prepared auctions (pics, descriptions, etc.) for old tabletop games, fantasy literature, scientific books, pc hardware and so on to sell it via ebay. Goes on since about 1.5 months. Turnover? Oh well, let's see: around 250 Euros (that's net profit).

- in a period of sheer insanity I listed some 750 books (including descriptions and pictures for each single item) to sell via an used books venue. Turnover since listing around 1 month ago? Again, around 250 Euros net.

Is it creative, smart or lucrative considering the work I put into it? Shit, no!

>>12163827

This exactly is the problem, so he basically tells the truth. It is very hard to find items cheap enough to do what he describes without loosing money in the end. It is, of course, possible in isolated cases. The real problem - and here is when we move from 'very hard' to 'working-business-idea-level-next-to-impossible* - is finding (an) item(s) where you can r-e-p-e-a-t-e-d-l-y make money this way, which implies: buying cheap, selling cheap+1-over-break-even.

That's a working business model for you. And no one here should be surprised that these don't come easy or cheap.

>>11543655
eye laffed

>>11503492

A classic. Really, this is so typical american style motivational bullshit, I cannot even hold my shit together with this sort of bogus. This is advise like 'be urself', 'hang in there, bro!', 'just keep fighting' and the like.

How on earth does an academic have valuable industry relationships? The guy probably knows ppl, yeah, academics mind you! But this is not the thing he wants to go back into, right?

I am in the same situation like the op: I do have a PHD, yep, but a worse even than he has: Mine is in logics as in 'philosophy'.

Now, do I know ppl? At least not ppl who have ties into any branches where my degree could be of any use.