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Becoming a Stock Investor with Business Degree? |
Should i major in Business with Accounting or something else in the field? Accounting makes sense since it revolves around money and Stocks are no doubt made of numbers and money. I dont know if I will get a mba but thats for later......And if you know, what is the mean salary for investors in San Francisco? Thanks. Accounting will help you understand financial statements. Accounting is the language of financial statements, and therefore to be able to understand the past performance of a Company, having a working knowledge of accounting is definitely useful. Keep in mind that one of Warren Buffett's primary investing rules is that he doesn't invest in a Company if he doesn't understand their financial statements. So yes, having a working knowledge of accounting is important. You also will want to take some finance classes as these will teach you about investing and valuations (understanding present values and Beta's, etc...). I don't know about the mean salary. Probably depends on what type of investing you're talking about doing (CFP vs. Stock Broker, vs. Investment Banker, Day Trader, etc...) uh I make most of my income from trading stocks daily and all I have is a high school diploma. If you learn stocks well enough you dont have to work for anyone but yourself and dont need any degree. You would probably want to major in Finance. If you just want to open a retail trading account and trade in the markets, you're wasting time and money getting a degree. Thats like becoming a CPA to do your taxes. You will learn a lot about it. But, you're going to learn about a lot of things that you wont ever use and wont have access to as a retail investor. So, if you're going to get a degree to be a trader become an analyst or an institutional trader. And if you want to get a degree, either finance and accounting, or finance with a heavy emphasis in financial accounting would be the best. Most people with a finance degree probably wish they had more accounting. Math and statistics are very important also. If you want to go into finance commercially San Francisco is a good place to do it. Its one of the financial centers of the country.. If you just want to open a retail account focus on books on valuation, risk, technical and fundamental analysis. And how to analyze financial statements. Your education will help you but not desired for trading. An accounting degree is just fine. But I imagine that there are many successful investors with all kinds of degrees. What ever you decide to study however, be sure you take a couple of statistics courses. They will come in very handy in understanding the probability of an investment going south on you. Many investors have no concept. You don't need any degrees to become a stock investor. I think you mean a stock broker, someone who buys and sells stocks on behalf of an investor. But yea, an MBA would certainly look good on a resume. |
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