Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Moglyzoke Moogleman
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Keystone
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Second the dont' bother with Masters of Accountancy - just get what you need to be eligible to sit the CPA once you have that no one cares - I finished my requirements off with table tennis and golf classes lol.
Also back to the think about where the decisions set you up for 5+ years from now and without knowing your circumstances I'm a huge advocate for heading into accounting. I basically played poker for a living for ~10years and then ended up going back to school for accounting, and within the first 6 years of graduating my salary has grown 2.5x starting already. It very much turned me around from someone with no real retirement or long term financial plans 10 years ago into someone that's set up for success with a clear path ahead of me now.
If you want to discuss more/specifics feel free to PM me.
Also back to the think about where the decisions set you up for 5+ years from now and without knowing your circumstances I'm a huge advocate for heading into accounting. I basically played poker for a living for ~10years and then ended up going back to school for accounting, and within the first 6 years of graduating my salary has grown 2.5x starting already. It very much turned me around from someone with no real retirement or long term financial plans 10 years ago into someone that's set up for success with a clear path ahead of me now.
If you want to discuss more/specifics feel free to PM me.
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Blazin
Creative Title
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WGU another viable option
Western Governors University – Online College
Western Governors University is an online university where you can earn an affordable, accredited, career-focused college degree at an accelerated pace.
www.wgu.edu
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Sanrith Descartes
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Here is the link. They waived my GRE since I already had another Master's degree. As with all things its negotiable. It was a solid program. For the cost it was stellar.
MBA Online | UT Permian Basin Online
OverviewCoursesRequirementsFacultyDeadlines Faculty Bios
online.utpb.edu
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Sanrith Descartes
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My wife is a CPA/MBA and went out on her own about two years ago doing bookkeeping/accounting (and tax during the season only). 70k year one and 90k year two. Even though she took a pay cut to start working for yourself is priceless and she is looking for another 25% increase this year. The world will always need accountants.
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Sanrith Descartes
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Depends on the state I believe. Some require 30 credits of graduate accounting classes. Some require less, most require 1000 hours of audit experience. Or or just go take the CPA in Delaware or Maryland (forget which) and it has basically no requirements whatsoever.
Asshat wormie
2023 Asshat Award Winner
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I was thinking more about business and basic accounting classes required. I only know about NY requirements but I assume other states are similar.
Depends on the state I believe. Some require 30 credits of graduate accounting classes. Some require less, most require 1000 hours of audit experience. Or or just go take the CPA in Delaware or Maryland (forget which) and it has basically no requirements whatsoever.
Sanrith Descartes
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A Master of Tax might not be a bad idea for those who like tax, or Masters of Forensic Accounting. But a plain Jane Master of Accounting is meh if you have the BBA.
Asshat wormie
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Yes.
I have a friend who I tried talking out of doing a masters in accountancy. She has a bachelors in accounting. She didnt listen. Bless her heart.
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Sanrith Descartes
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I kicked around the idea of grabbing a Masters of Tax and then figured I could just get my Enrolled Agent status and do everything my wife can do except audit (which she doesnt do anymore).
Big Phoenix
Pronouns: zie/zhem/zer
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Intel CEO earned 1,711 times more than average company worker in 2021
Compared to Gelsinger, former CEO Bob Swan had earned 217 times more than the average Intel employee in 2020. Gelsinger earned $178.6 million in 2021 with stock awards making up nearly 79% of his total compensation, which was about 698% higher than Swan's 2020 pay. Executive pay has been...
I gotta admit its understandable why the sheep hate this shit.
Even more annoying when you realize the feds are about to throw a huge pile of money at the retards at Intel;
Senate edges US chip world closer to $50b subsidies
Now for lawmakers to wrangle over the fine print
Sanrith Descartes
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I am always perplexed by the CEO pay hate. The CEO compensation is decided by the board. The board is selected by the owners. This means the owners set the CEO pay. And it's the owners who should set the pay. While I don't agree with crazy CEO pay and always vote my shares (not that my votes matter), it's no one's business besides the shareholders. Non-shareholders and politicians ranting about it can blow me. Especially politicians.
Intel CEO earned 1,711 times more than average company worker in 2021
Compared to Gelsinger, former CEO Bob Swan had earned 217 times more than the average Intel employee in 2020. Gelsinger earned $178.6 million in 2021 with stock awards making up nearly 79% of his total compensation, which was about 698% higher than Swan's 2020 pay. Executive pay has been...finance.yahoo.com
I gotta admit its understandable why the sheep hate this shit.
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Even more annoying when you realize the feds are about to throw a huge pile of money at the retards at Intel;
Senate edges US chip world closer to $50b subsidies
Now for lawmakers to wrangle over the fine printwww.theregister.com
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Kiroy
Marine Biologist
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Even Cramer keeps all his personal wealth in indexes.
How TV Finance Expert Jim Cramer Invests His Own Money
Long-time stock market investor Jim Cramer explains why he decided to change his strategy and if you should do the same.www.aarp.org
View attachment 405873
My rule starting in 2022 was acknowledge my deep seeded retardation so 50% goes into total market and 25% into s&p indexes and these are no never ever sell. 20% can go into indexes that are a little more sector targeted depending (energy for example, up 30% since I bought in) and I can trim on booms and shift a little every year. The last 5% I can buy whatever (but still gonna be conservative, like i've got it in some goog, f and hd right now).
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It's actually just a game theory problem. No board wants to pay their CEO below the average for a company with a similar book value, EBITDA, etc. So they all shoot above the average, thinking that will incentive better performance in the future, or reward good performance if the last few years were good, etc. So if everyone is trying to pay above average, the average keeps creeping up.
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Sanrith Descartes
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Big Phoenix
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From a business/financial perspective sure, if shareholders wanna be dumb and dilute their shares by handsomely rewarding the csuite who cares their choice.
The thing I find ever more annoying imo is these people are becoming more and more political running their mouths using their position as CEO of globohomo whatever as if theyre a voice of authority on the latest hot button issue, they use their companies to push the latest issue(see Disney or prosports) all while in a lot of cases screwing over the tax payers enjoying idiotic subsidies and in worst cases being failures like Marissa Meyer or Intel's last CEO, ousted because he was too busy fucking subordinates instead of running his company.
Not enough Lisa Sus.
Sanrith Descartes
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Yeah in this I am in full agreement. Shit your mouth and make me money. Globohomo don't make me more money.
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Borzak
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Not even a drop in the bucket. I'm sure someone there knows exactly how much favorability gain they get per penny of gas price drop. Or per barrel of oil released from the reserves.
www.seattletimes.com
Biden planning to tap oil reserve to control gas prices
President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve in a bid to control energy prices.
www.seattletimes.com