/biz/ - Business & Finance

You work in PE but what investments are 'can't miss' right now? Assume I have six figures ready to deploy

no one cares and no one is impressed

>I am currently working in PE in NYC
Please kys but take out as many coworkers as you can on the way thx

I'm a lonely STEM PhD living in the UWS, will you give me a quant job?

What are your choice investments for right now?

Why would you sell link before summer? kek must not be an insider

>>18745243
When does this dead cat bounce in equities reverse and test coronabottoms again?

>>18745243
What kind of advice do you expect to give anon? How neets can get in on private equity deals? I honestly don't know a question I want to ask you other than that. kek

>>18745243
i think we know about as much as the state of the market so i'll ask this:

how break into private equity from brokerage?

i got series 7, 63, 65, workin on cfa, work with discretionary accounts helping FAs manage their assets. where go? wat do?

>1 post by this ID

Thread is off to a bad start

>>18745243

LINK, PNK, OR TRB SIR

>>18745268
Last time I checked this board is anonymous. Just trying to give back. Are you a no linker?

>>18745418
Only 20k. Was a student when it was cheap.

But okay, give us some advice.

>>18745266
I invest mostly in index funds. Sector-wise though, apart from AI / big data (obvious), I would recommend looking at public relations, single family real estate, and senior care.

PR - every corp large or small these days needs to have a good public appearance and this is easier to outsource than do in-house (well)

SFR - tons of tailwinds

Senior Care - this industry is already starting to take off, but it will really explode in the next 5/10/20 years. Anything senior care service-related is what I think is really interesting. Things outside the healthcare aspect of seniors.

>>18745292
It's not a large enough fund where we hire quants. If I was looking for a quant role I'd look at Elliot Investments. Paul Singer is a total loon but you would learn a lot there

>>18745296
Still have around 1K. What price would you sell at?

>>18745304
I'd say 14-21 days a

>>18745243
Why did you sell half of your stack today?

>>18745304
Got cut off. I would say 14-21 days after we really see re-openings take effect. This thing is far from over. That said, you might not like the FED but never bet against it. Ride the wave. Maybe SPXL or SPXS depending on your gut

>>18745444
Digits of widsom. It always fascinates me how many private equity guys say fuck it, index. It's eye opening really. Thanks for the info, I'll look into the other ones

Have to ask, any clients into crypto?

>>18745311
Sometimes on /biz/ there are people looking for career guidance or what to do in school to set themselves up for something on Wall St. Wanted to at least open the door

>>18745444
The boomers bleeding everyone dry until their bitter ends sounds like a safe bet

>>18745401
LINK. I was considering HEX too because why not, but it might be a worse option than USO in reality

>>18745243
Is mathematics a good major?

>>18745478
I cross-dollar avg'd in so I figured I would do the same thing on the way out and at least lock in some gains

>>18745494
No. Which is surprising really. Maybe 1 or 2 but people don't talk about it much. There is a prevailing attitude that it's voodoo and a lot of people turn their nose at the mention of it so people keep it to themselves if they are

>>18745498
100%. BX and others made a killing doing SFR after 2008/9 and someone is bound to do it again this time after home prices correct

>>18745444
thoughts on new york mortgage trust.....thinking ofngoing all in

>>18745508
It depends on what your definition of "good" is. If you are interested in it, then yes. If you're asking in the context of getting a banking job after school, I would say only do it if you can maintain a >3.4 GPA while doing it. Truth is a lot of people care about that stuff when interviewing and it will be an uphill climb if it's lower. That said, still possible though.

Your college major is so much more than your job after school though. Do what interests you and the jobs will follow.

>>18745559
No idea. Something that might be relevant though:

A friend of mine told me that the way REITs are set up, they are only really worth investing in through IRA accounts. Something to do with taxes. So if you're really going to go all in, i would take a look at that aspect.

>>18745565
My choices at current college are math or physics, but im thinking ill transfer to engineering or business I've spent the last 8 years of my life in the military so I don't really know what I want to do, self employment is definitely the end goal. How I get there is the question haha thanks.

>>18745579
how does private equity work? is there money to be made?

t. tradie

>>18745534
I wonder if the lack of price action bored people.

>>18745592
Thanks for your service. I would use the military connections to your advantage there for sure when you are looking for jobs / doing your own thing. Either one of those majors will definitely get people's attention. During school I would try to figure out what aspect of Physics/Eng you're really interested in. That will spur you towards your own thing more than anything else

>>18745597
PE is basically buying a company and trying to sell it 5 years later for 3x the money. IMO there is money to be made at the top (megafunds like BX KKR CG who can really do whatever they want) or at the super low end of the middle market.

Upper MM investing is an extremely efficient market and I would be surprised if Coronavirus didn't cause a lot of consolidation / cull the low performers given everyone's portfolios are on fire right now

>>18745243

hi, i actually have a ton of questions and would greatly appreciate it if you could give me a throwaway email. I’m currently a sophomore (rising junior) and im running out of options. Thank you!

>>18745607
Definitely could have. I'm convinced it will come back so I'm holding out. Just good to have some in case the market cap soars. Don't want to be the one who missed the boat.

That said, I think a lot of people just don't understand it and only know what they see in sensationalist click-bait articles

>>18745243
Give back what? If you aren't 20-30x Link you're late. What could you possibly give back? I bet you don't even hold any Nervos.

>>18745654
Lol what is Nervos

>>18745645
I'm not quite tech savvy enough to know how to do the whole throw away email thing. Fire away though.

>>18745243
I'm currently a freshman accounting major going into my sophomore year at the University of Georgia. What do you recommend i do to make sure I secure a good job after graduation? Any clubs, activities, certificates, etc that may look good on resume?

>>18745243
What price would you consider rebuying link?

>>18745689
If you're interested in finance, I know two guys who came out of UGA and landed sweet jobs. I think they were involved in Corsair. No idea what that is though. Also UGA has a great alum network. I would form as many connections through that as possible. With Corona right now, everyone has a little more free time to talk to an ambitious college student

>>18745547
When do you think home prices correct? August? Do you think eth will break one thousand this year? What is links highest price this year? Can you please look up ACRL penny stock and tell me what you think of it

>>18745611
Thank you very much anon, ill keep on trucking then. This is the 3rd or 4th time of me hearing about military connections. What connections is everyone referring to?

>>18745506

Unironically thank you, OP

>>18745697
Idk. As much as I want to believe people who say it's the next ETH, I don't. So maybe it has a 2x or a 3x left in it, but maybe it doesn't. I'm expanding my portfolio away from LINK I think

>>18745474
>>18745481
I am a licensed (series 7, 66, 9, 10) MBA hedge fund manager and I can already tell OP is a fraud.

If you are a private equity why do you only hold 1k link (<4k$).
Also that is horrible advice to look at SFR at this time. The market is peaking and set to crash.
>food shortages inevitable due to supply chain being cut off.
>highest unemployment in recent history.
>doesnt understand the tax benefits of IRA regarding reits.
>>18745672
>doesn't understand throw away email.
Literal retard.

>>18745744
Link will be bigger than ETH.
But OP obviously does not know much so i would not believe anything he or she says.

>>18745749
So you’re saying I should hold my stinkies

>>18745749
Would you be willing to take time out of your day to answer my questions?

>>18745592
>>18745565

>>18745735
They should be correcting a few months after tenants can't pay rent and owners default on mortgages. But JPOW is bound to do some more insane things to bolster home prices, so who knows when it will really happen. August could be right. Maybe later though depending on if there is an outbreak 2.0 due to premature reopenings.

No idea about ETH. I hope LINK takes off.

ACRL is weird af but not in a bad way? Looks like it is essentially a long play on gold, which is always good. But they also offer advisory services to other microcap companies that want to go public? Seems like a strange combo. I would do some research on the management team. With a company that makes almost no sense on paper with those two biz units, I would need to feel comfortable with the leaders.

>>18745785
>>18745508
Oops meant this one

>>18745778
Yes.
Research this (pic related)
May 13 th almost exactly 1 year to the day of main net being launched

>>18745741
It's def a strong network and I assume anyone in the military would always pick up the phone for another vet. Also, in finance there are a ton of initiatives to get more veterans into seats. There are special networking events and application processes specifically designated for American veterans

>>18745672

alright first question is: i currently come from a mid tier school, no connections and poor gpa because while i have a’s in all finance classes, this year i slacked off on others and thus have a poor overall gpa. While i can start being not lazy now, it won’t undo a year of bad grades. Is it too late for me to start networking and to hope of securing a job in nyc bb? (and hopefully going into PE after a couple years)

My second question is do you know anything about the corporate finance route? That’s my plan B, and I currently live in the SF bay area so I have access to internships around here.

Thank you!

>>18745795
Already happening.
Banks are already declining loans that would have been approved 3 months ago.
People out of work cannot pay credit cards, car loans, mortgages etc.

BTW this is ironically bullish for link and smart contracts

>>18745828

i forgot to add: I’m a rising junior who *might* take a gap year if I get a finance internship during the regular school year

>>18745816
Awesome, I will look into those as well.

>>18745749
Because I bought it when I was in school lol. I'm like 25 dude. And yeah I am not invested in REITs so I never looked up how the taxes work.

Last thing, there is no way SFRs are peaking. The inability for the majority of Americans to buy a home is going to drive stable tenants for decades. Also with a transient younger population, nobody wants to set down roots until later in life, like you since you probably went to school then 2-yr job then 2-yr job then a diff city for MBA, then another city.

>>18745795
JPOW & Federal government can only help with mortgage originations. They can’t do shit about millions of people just defaulting on their mortgages which is all but guaranteed in the coming months.

>>18745828
Become a CFA
CHARTERED FINANCIAL ANALYST
This will get you what you want, but you need to learn the material. You can take the chartership anywhere in the world and it will be rocognized.

>full disclosure on may 13th
Be prepared.

>>18745875
*Recognized
CFA institute.

>>18745875

thanks for the info! I looked into that though, and aren’t there requirements to take the CFA? ie. Must be senior or above in college.

>>18745828
Take all this with a grain of salt, but why not take the gap year after you graduate? If you get a return offer to a bank they may be ok with you doing that. Depends on the size of the bank (BB or MM) and the size of the group within it.

For the GPA, obviously that's not ideal, but it's all about how you spin it. To make sure you're given the chance to share your story, include your major GPA (finance 4.0 or whatever) and your overall GPA. Then people will know you can do the work and probably just fell asleep during pottery or philosophy or something and won't write you off for that. No matter what though, finish off strong and get your GPA as high as possible.

If by Corp Finance you mean Corp Dev (like M&A for larger companies / startups) I have a few friends that did it after banking. The salary is liveable and the hours are hard 9-5 depending on where you end up. It's really just a lifestyle choice

>>18745857
They peaked 3 months ago. The decline is already happening. For any finance person worth their salt they would never suggest looking at SFR at this moment.
Horrible advice. Easy way to lose money.
People cannot afford housing at the moment. So who will pay for the house?
Prices set to decline. This is also evident by the sudden increase of houses for sale currently saturating the market.
There is not too many solid investments other than link currently.
If you understand what link means to the world you will not miss this opportunity.

>>18745918

Thank you for the information!

While I think of another question, can you tell us about a memorable deal/trade you’ve done?

>>18745243
oh look another 'assblaster' larper

>>18745912
It is 3 exams that must be at least 1 year apart. You must be a college grade to take the first exam. By passing the first exam you will already qualify for a lot of jobs.

https://www.cfainstitute.org/

>>18745857
>sold link at single digits
i hope you enjoy working in PE because you likely will the rest of your life
> I'm like 25 dude
all opinions, experience, beliefs, thoughts, and subconscious renderings disregarded

>>18745951
Corona aside, the tenants would pay for the house. In order for any SFR investment to be viable you have to pick the market right (like inland southeastern real estate) and you'll be fine. Also, the houses on the market that are priced right are getting snapped up immediately by institutions.

That said though, it's a valid point about people not being able to pay rent. If that continues, the whole house of cards falls apart. What areas do you like if not SFRs?

>>18745975

Holy shit you best believe I’m doing this then. Many thanks.

>>18745954
LINK for sure

can't really describe anything else in detail unfortunately

>>18745999
Lol

When will you sell your first LINK? Like at $9 you wouldn't take any gains?

>>18745243
What's the most relevant skill you should develop when switching from (sunshine) M&A to Private Equity?

>>18745547
Kek I meant the senior care

>>18745401
>>18745506

Yup that confirms it. This guy is a late fag. TRB and PNK will out gain LINK significantly. I already more than 10x'd on my LINK and I moved over 80% + of the profits into BTC/ETH/PNK/and TRB

>>18746034
Hands down being able to build LBOs from scratch in 90 mins. It will take some serious time on weekends depending on how much modeling you do in your group but it is 100% necessary and will help you on the other side too once you have the job.

Other than requisite skills, it varies firm to firm, but having the ability to hold conversations with people and form connections is huge. Being a number cruncher in banking will suffice but in PE you have to be a real FOH employee too

>>18746028
i wouldnt take gains until tripple digits. i can live knowing i missed out on 6figures because i was greedy but i cant live knowing i missed out on 7 figures because i was impatient

>>18746089
where to learn to model?

>>18745243
sergay betrayed us all, we were supposed to be all in this together

>>18745243

My last questions are:

are there any online resources you would recommend for learning valuation/building models?

also, are there any niche or underrated models which you think I should learn that most fresh bankers don’t know how to do?

>>18746089
Felt like this was the obvious answer but thanks for the confirmation anyways, OP! I'm currently at a German T3-4 mid-market shop looking to a make move into lower/mid-market PE soon. Unfortunately, we do much less LBO modeling than the big bois in BBs. How did you get into it, any courses you could recommend? Willing to spend a couple of bucks as well, if necessary.

>>18745243
This entire thread, OP's entire persona, all of his opinions...
were created so that he could FUD link

you mention senior care being hot in the future, I agree. Im a resident and people are getting fatter and older but with so many complications (PSA loose weight people) What is a good way to find publicly traded companies in that sector, or do i have to find an index fund?

>>18746191
>>18746200
>>18746152

I learned from templates that the older analysts had. If you reach out to friends they will either have some or know people who do. As far as paid resources go, we had Training The Street do our banking training although that wasn't LBO focused per se. If you are serious about learning to LBO I would try and arrange a 1-1 tutoring session with someone. They will likely charge a high-ish hourly rate, but they will also likely be able to explain things in the most sensible real-terms kind of ways.

Regarding niche / underrated models, my simple answer would be not really. If you are trying to impress out of the gates, just have incredible attention to detail and make sure you are thinking rather than just doing. That is a cliche answer, but if you can really manage that (it's hard given the amount of work volume thrown at you) it makes a big difference.

A non-obvious answer (hopefully): Prioritization. In banking everything is "important" and it has to get done and that's why you work a million hours. On the other side I found that the work you do is a lot harder because it requires more thought, which means you can't do it 24/7 because you'll just burn out. So you need to communicate with your teams well and understand what is actually important for your deals.

>>18746395
I wish I had some. I am still looking myself. Longing HC in general is a good start.

>>18746408
Thank you for this wholesome answer, OP! All the best for your future endeavors and a large spoon for the honey pot (carried interest)!

>tfw this was the first and probably last good thread on this cesspool of board since I started lurking

what do you think of hex sir and richard heart sir he has a big heart and a bigger vision

>>18745506
You have to go back Ranjesh