semantics plays such a sad role in human perception. i.e., whenever someone inquires about my occupation/profession. here, i have noticed two schools of response. easiest is the obvious, 'i'm a daytrader/swingtrader', however, the listener then usually blows me off, shows no interest, and moves on to the weather, etc... much more fun is to reply, 'i am employed in the financial sector', immediately perking the listener's ears, allowing the conversation to continue until i change the subject... to contro: like flyfisher, i also have a couple sheepskins hanging on the wall, they make my mother happy. the education is what you make of it. for me, i always figured, 'why study w/o getting credit?' so i studied what i wanted, leveraging the perks and tools available through my student status. walking across the stage was the cherry on top, and while everyone loves the cherry, it's the three scoops of ice cream that makes the banana split, lol!
so why go back for more? your choice to continue institutional study totally contradict your post. you type one thing, and do another. why not drop out, and put your money to work now???
I guess you didn't read my entire post. It's simply a plan C. If trading doesn't work for me, I have a fall back option. I can't put my money to work now, because I have little money. I need a degree to find a job that pays a livable wage in order to earn enough money to trade comfortably. Working a shitty $8/hr job while learning to trade is an exercise in futility. However, one also shouldn't expect college to help make you a better trader.
I have been involved in a variety of real estate development projects and all sorts of business interests ..... I occasionally over the years have taken on business consulting projects in various niche areas and when I am contacted I initially send a resume to corp's that I have never done business consulting for and that I may have been referred to, for a co that doesn't know me 100% so they can have a better understanding of my skills, who I am, what I have done.
My accounting education has helped me with the ability to analyze financial statements accurately and to see what was actually going on with the co prior to entering a trade. My economics education has helped me to foresee directional shifts in the economy which has led to market reversals thereby enabling me to capitalize on the information by correctly entering trades. My economics knowledge helped me to identify The housing bubble/collapse and economic downturn before others and to profit from that knowledge. A wide variety of skills have come into play for me in trading, investing, and building my wealth through trading and other business interests.
This is complete garbage. Before Sarbanes-Oxley, your accounting background couldn't really get to the heart of the matter. Plus, there were many Enron-like scenarios out there. Maybe it let you understand FCF and some garbage DcF's, but that likely only gives you a little more confidence. false at best. economics background didn't let you see inside the subprime meltdown. fine, you will say it did, but TIMING is what was important. Most monkeys said get out at 2006 and there was still another huge move up left. econ. will never let you see how to play a bubble, only that a bubble exists. meaningless. if your background was so valuable, why did so many managers lose money last year?? i'm sure they had a good academic record.
LOL....yeah right. So having knowledge and skills in finance, accounting, economics doesn't help someone to be a better trader/investor. LOL
In hindsight, sure you can say a company has no cash; therefore, a PE multiple of 923743928743 means you should short it. But then it goes from 300 to 400 and you are broke. then it goes to zero, without you. Education is extremely important, but I'm not sure how practical it is with trading. How about this....Give us one stock you like, state your reasons based on your finance background, and we will see what happens. Or pick 10 stocks, who cares. Try to minimize systemic risk all you want. diversification is pretty bad as well. CAPM models, horrible. lol. ok, not horrible.
Education isn't practical? LOL you are clueless and doing a disservice to this young person the OP. Education in Finance, Accounting, Economics, Taxation, Markets, Financial Instruments doesn't contribute to successful trading and investing? My Masters in Taxation alone has enabled me to save and protect $$$$$ of my gains and capital from trading and investing for myself and those I have consulted for. To the OP. Be smart and cover your bases, Pursue higher education in ANY area and knowledge and don't let the high school/college drop outs sitting around in their underwear struggling to make it as traders tell you differently. You can benefit from any higher education whether it is in Accounting, finance or even history or Literature. Go to a community college and acquire an education. The little things actually add up and amount to gains you will find in various areas of your life. Good Luck. God bless.