- Joined
- 10/19/08
- Messages
- 2
- Points
- 11
Hi All,
I'm a 37 year old man who is considering getting into FE after years of being a software developer (on the Windows side of things, but that's irrelevant).
What I want to know is your thoughts about this: It seems most trading strategies depend on having highly leveraged trading strategies (e.g. at about $30-$40 borrowed for every dollar of internal funds invested.)
Now that this leverage will disappear, does Financial Engineering have the payoff that it will have had over the last few years? Or is the goal of becoming well-to-do by being a 'quant' as silly as becoming well-to-do by becoming a lawyer from a non-Ivy league school is in 2008 (very bad chances (see "Hard Case: Job Market Wanes for U.S. Lawyers") ?
My assumption, of course, is that most trading strategies generating outsized returns depend on leverage. Are there other trading strategies that deliver out-sized profits that do not?
--Jon
I'm a 37 year old man who is considering getting into FE after years of being a software developer (on the Windows side of things, but that's irrelevant).
What I want to know is your thoughts about this: It seems most trading strategies depend on having highly leveraged trading strategies (e.g. at about $30-$40 borrowed for every dollar of internal funds invested.)
Now that this leverage will disappear, does Financial Engineering have the payoff that it will have had over the last few years? Or is the goal of becoming well-to-do by being a 'quant' as silly as becoming well-to-do by becoming a lawyer from a non-Ivy league school is in 2008 (very bad chances (see "Hard Case: Job Market Wanes for U.S. Lawyers") ?
My assumption, of course, is that most trading strategies generating outsized returns depend on leverage. Are there other trading strategies that deliver out-sized profits that do not?
--Jon