hmmm... guess this is the right thread to express my excitement! i am extremely excited to have accepted an offer to join a hedge fund in a top wall street investment bank. while it's probably okay to continue owning stocks, there are too many pages (actually, only about 4) of ownership rules and regulations to understand so for my first year working there i'm just not gonna bother owning any stocks. so i'll sell everything before starting middle of next year.
it becomes quite likely i'll be selling all of my NTDOY (along with everything else that i'm in the black) before end of the year, because of tax considerations. stocks i'm in the red i'll sell next year, also because of tax considerations. (as a phd student, my income this year is very small)
i have learned a great deal reading about people's arguments how nintendo will succeed; indeed, it is one of the examples i used during interviews. so i owe getting this job to many of you guys!
i'd also like to say a few things about the nature of my employed position, because very few people actually know this kind of jobs exist on wall street. i'll be a so-called "quant":
http://en.wikipedia.org/wiki/Quantitative_analyst
My position will have absolutely nothing to do with the typical analyst you read about in the news. For my role, mostly, I'll be creating and refining mathematical models and coming up with new algorithmic trading strategies. Some people describe a quant as a "glorified programmer", and essentially they're right. I won't be a "quantitative developer" (there are many types of quants too) since computer science isn't my background, but coding would still be a substantial part of the work.
I'll be happy to answer any questions you guys might have regarding how people in hedge funds think in the securities industry! After I actually start work (which is half a year away) I'm supposed to keep my month shut.
the Wii is an epidemic.
