Bootstrapping an Ultra Low Latency Trading Firm, Part 1

Post by somecoolguy » Mon, Aug 01, 2011, 2:59 PM UTC

Post by somecoolguy » Mon, Aug 01, 2011, 4:58 PM UTC

veyron wrote: post #22

somecoolguy wrote: post #21

What did you major in when you were in college? Finance?

math,cs,philosophy

Post by FireBeyond » Tue, Aug 02, 2011, 5:59 AM UTC

veyron wrote: post #16

FireBeyond wrote: post #5

From the article: "And if you are careful enough to save money (for example living at home saves about 3K a month when all is said and done) and not increase your expenses too much (no need to get a Porsche when a BMW or VW suffices), it’s not hard to save 200K by the time you turn 24." Uhh, sure? 200K at 24, in savings? So that's about 250K pre-tax. Say you graduate high school at 18, find a magical job that gives a…

Unfortunately I had no silver spoon :/ Due to family financial pressures, I had to graduate early. Fortunately I was taking enough credits to graduate a year early. I really didnt want to discuss numbers, but I realize that the comment seems a bit misguided if not put in perspective. I started out with salary 250K (not including signing and year-end bonus), but most of my salary excess went to helping out my parents,…