For some of you kids from the Class of 2019 who didn’t graduate during the tail end of an economic crisis and found a job almost immediately, here’s some advice: Do your damned best to kick ass and keep your job. Recession from this virus bullshit is going to come, and those who survive recessions best are those who have managed to keep their jobs.
It’s easy to be distracted by the markets and dream about being able to earn enough money from options trading to retire at age 23, but that isn’t happening for 99% of us. There’s a lot of survivorship bias here – only those with outrageous gains and losses are really posting here for the lolz.
I graduated in 2013 and it took me a month to find a job. It paid $35,000 to start. I almost got fired once from another shitty job because I was lazy and unfocused and the job sucked. I make $81,000 now. My sister graduated in 2015 and it took her six months to get her first job. Now she’s in advisory at PwC after working really hard and proving her worth at her first job, which only paid $40,000.
It’s easy to goof off at work and be constantly on Reddit and your favorite brokerage website dicking around and not being productive, but you should first and foremost be kicking ass at your job first. That said, no matter how hard you work, you might still end being laid off due to circumstances outside of your control and the company you work for. But don’t be the fat that gets cut off because you were found to be dicking around trading options on company time or unable to keep up with your deliverables.
Kick ass at what you do. Coding, financial modeling, consulting, accounting, engineering, science, etc. Keep buying puts. Keep your heads up. It’s going to be a wild ride.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.