After reading this I just had to ask my friend who works at worldco about it. It turns out that they do indeed have a 401k plan for traders. They go by some member class system..the higher up you go, the more benefits you get with the company. They also supposedly grant company options to their traders based on performance....essentially offering part ownership. Also, 99%-100% is not uncommon for high volume traders at the firm, as they are mostly generating incredible revenue on commissions.
generalizations about the ivy league or anything for that matter due to one person as your sample size is ridiculous and shows no class. sincerely, jc
Well....they took me, and so maybe there is some justification to making fun of the IL.....hell, I am the only trader here that doesn't make money all the time, my math is bad (go back a few pages), and I can't hardly spel at awl!
exactly rs7. You got accepted and you seem nice and down to earth. not everyone is like treycool. hehe jc
What I find so humorous about all these self indulgent posters who constantly feel the need to mention they are Ivy League graduates is that if they had ever spent time at some of the better state universities, they would find a good number of equally intelligent and ambitious students...A good number of students are accepted at Ivy League schools but choose not to enroll for financial reasons...Heck, last I checked my alma mater is charging $35,000 per year...In the throes of the worst recession in the past 20 years, I would imagine alot of highly qualified students are opting for state schools were tuitions are more in line with the reality of affordability...
vulture, i agree and can name some friends who go to community school that are just as intelligent as my fellow alums.