/biz/ - Business and Finance

If this is all hypothetical with a guaranteed successful outcome, the rockstar life is the better choice.

>>1974

This is why I left 4chan, I get cussed out for these kind of queations

>>1977

I was hoping to find some quality /biz/ threads here. So far it all looks like bitcoin pseudo-investing.

>>1978

The board needs contributors. The cryptocurrency traders were more readily to do so.

>>1979

I'm happy to contribute, but I don't want my effort to be diluted in a sea awash of white noise.

>>1978

>>1979

>>1980

what would you choose?

https://www.youtube.com/watch?v=-UTSqg4sqlU

or

https://www.youtube.com/watch?v=VAWjsVoDpm0

>>1982

Everyone wants to be a rockstar. Free drugs, free booze. Groupies blowing ya from dawn to dusk.

It's not very much time consuming. It might take a week to write one song, so it might take 3 months to make a whole album. Then you go on tour for about 9 months a year for 4 years. Then you have a couple of years off before you start over with the next album.

The problem is that you really don't make much money. It's all comped to the musicians by the record label. You might have in the low seven figures to invest if you want more money.

>>1988

whats the modern equivalen to stratton oakmont?

>>1988

i thought bands can make at least 10,000 dollars on tour?

>>1989

IDK but wouldn't invest with them anyways. Look at Lehman Brothers, Bear Stearns, AIG, Arthur Andersen, Enron, etc.

>>1988

That's not much in the bucket of global annual GDP approaching $50 trillion.

>>1992

If you want to be an investment banker, you've got to network within the big firms. Have an internship, be friends with an intern, know an actual investment banker in the firm, mommy or daddy is friends with the CxO, etc. They don't hire people who aren't vetted through some networking connection. They keep their money within their influence. That's why you go to school, to network with the sons and daughters of the board members and CxO's of investment firms. You also need some kind of proclivity to absorb information and apply that to investments. They don't want you to lose investors' money, but then again, if you lose a client $100 million, you don't pay that back.

As for music, there are millions of songs made every year. Some of them follow a formula like for most of the club and dance music (trap, hip-hop, EDM, trance). That's the cookie cutter music that you can pick up anywhere. There is also a huge influx of songs that don't follow a formula and are composed or at least written by musicians. These songs might follow trends (similar instruments, similar key) or might not. That being said: you either make music that follows the formula, follows current trends, or not. If you follow the formula, it's the easiest. If you pick the right trend, it's easy. If you pick the wrong trend, or go against the current, it's going to be hard. In order to get into the record labels, you must have an agent to send your music to the labels. Record labels won't listen to music from someone without a known agent.

>>1997

Depends on what you mean by successful.

Are you talking about huge arenas? Or consistent gigs?

I am not tapped into the current music scene, so I don't know off-hand with experience or research if the nu-metal or alternative rock genres are ebbing or growing, but consumer entertainment industries are focused more on marketing cues and factors and less on the product.

Just because a genre isn't the current trend doesn't mean that bands in that genre are set to mire in obscurity. A good label will invest properly in a good band regardless of genre or style. They will hire marketing firms to research the market to find common income levels, likelihood of debt (there are other factors) and use risk analysis to forecast if these demographics point to a good potential ROI.

If the risk-to-ROI ratio is acceptable, then they will continue with the marketing research but also begin marketing campaigns. This includes sending out singles to radio stations, DJ's, clubs, magazines, websites, and any where else they can make aware the market consumer of the band. They will ask similar bands preparing tours if they can open. They might book small gigs on the side if they do open, or they might do a small tour of major cities.

Personally, if you are in a local band, the perks are still pretty nice (floozies, booze, drugs, not desk surfing a 9-5, get to travel), but the work you put in compared to the pay is out of balance (once you pay for gasoline, food, housing there isn't much left to invest).

Bands make it big by having an agent that is well connected to the big labels. That's it. Everything else is manufactured on the labels' dime. That's why the label takes a huge cut from album and ticket sales, merchandise, etc.

Getting to music as a lifestyle is a mistake. You're going to end up chasing something that doesn't exist. It's all fabricated - an illusion. Being successful just depends on how much you get pushed by the record labels, on how much they decide to promote you. It's an incestuous business and unless you have connections already it's going to be a huge uphill battle.

But you say 'Wait - I don't want to be a pop star, I want to be a rock star!'. Well, then you have to prepare yourself to be on the road 300 days out of the year constantly going back and forth to different shithole dive bars while surviving on fast food and alcohol and drugs playing the same 10 songs every other night wishing for death to come sooner rather than later.

On top of that a huge problem with music as it currently stands is that most of the industry is completely bluepilled - you're going to end up writing songs and singing about depressing topics all your life and this will take a toll on you for sure.

Honestly to me the pinnacle of music was back in the classical style and any other type of music and especially the types that are popular today are just a waste of time and probably inherently degenerate - the Beatles and the british invasion set off the whole culture of love that we are still picking up the pieces of today, a complete mess. That just isn't the right path in life; it's not a good thing to head towards or to strive for.

Your next idea - to become Gordon Gekko or whatever, it's probably better but I still sense some strange leanings in that idea - like your whole reality is shaped by either Hollywood Movies or Pop Music - like your brain is currently only informed by entertainment and mass media and not by reality.

Is this you? Does that describe you?

My advice is to try and find a more realistic outlook on life and recalibrating.

>>2001

and be a cuck like you?

>>1998

What about sales and trades, i'm adhd and from my research

investment banking -> long term projects

sales and trades -> high stress fast paced environments

>>1998

any advice on how to prepare for either industry?>>1998

thanksbro

>>2005

Well, no matter how adhd, you would have found that pay in sales and trades is by commission. How much the commission is, I don't know, but it doesn't matter if the stock goes up or down, just as long as you get a client to buy you get paid. Investment bankers get salary + bonuses (based on how much money they make for the firm).

When working brokerage accounts, you typically aren't buying millions of Dollars worth of stocks. These will be small investors. If you are good you might make it to the key accounts which could approach millions of Dollars.

As a stock, commodities, securities broker, you need the skills of a salesman with those of an engineer. You need to be able to read charts and extract trends, and you also need to sell your ability to read charts and trends to a client. The better you are with predicting trends, the more money you make for clients. The better you are at selling yourself, the better you are at getting new clients. Combining both allows you to have a steady growth of new clients along with a steady commission from current clients. Your pay at that point will be quadratic with time (y=x^2) instead of linear (y=x).

Investment bankers work with hundreds of millions to billions of Dollars in some cases. Typically these banks are providing loans to businesses to buy out other businesses (rarely to expand outside of mergers and acquisitions). Sometimes they put up money for market investment for internal revenue. There are also other investments, like putting up money for insurance companies.

>>2006

IMO, it is easier to get in as a broker. While it is a high-stressed job, it is more about your ability to make the sale than to make good buys (but it doesn't hurt to make good buys). As a broker you are close enough to the pulse of the market that you can invest (whatever you have available) and have the advantage over Joe Q. calling in the order or buying off E*Trade. I don't suggest anything illegal, but as a broker you would have greater access to information. All you need to get in is a decent resume with a notable school, some competent work experience that applies to the job, and the ability to hold a conversation during the interview process.

Investment banking is a very controlled environment. The people getting in to investment banking are either the children of current investment bankers, grandchildren, or have networked (became friends, socialized) with these people to get an entry in the door as _unpaid_ interns. However, once in, a person could earn 6 figures in salary and receive 7 figure bonuses. That's not unheard of. With investment banking you don't just stumble into it. You are pretty much groomed for it.

>>2006

If you want to get in to the music industry, don't worry about producing the best music ever. Just make some songs that are catchy by following the formulas or current trends.

Don't make each song the same. Record a couple that emphasize one trend, then record some more that emphasize another trend. These songs are like a resume of your musical talent, so spread them out to show off what you can do.

After you have some music recorded, look up the record labels for bands that have similar sounding music. If it's an "indie" trend, then find indie labels of bands that you like.

After you find these labels, look up agents who specialize in working with these labels. They have the best connects. Send your music to a few agents with all your information: name, address, phone number, email, twitter, facebook, instagram. Everything.

Don't send out to all the agents at once. Wait about 2 weeks for a response from one of them (rejection or interest). If you hear nothing, then send out some more. Keep that cycle going until one is willing to work with you. (The agents likely know each other as well…keep that in mind.)

At that point your agent will then start pushing your singles to his connects until one bites.

If you get here, then you got a record deal.

>>2003

>>2007

>>2010

I really didn't expect these responses. It seems that the average IQ of this board is far lower than I assumed.

I'll leave you to your mistakes then.

>>2011

Maybe expand on this.

The OP wanted to know which lifestyle is preferable: the investor life or the rockstar life.

This isn't a thread about music as an art. It's about music as a business for investing further into other businesses.

>>2008

still in highschool but do you think i could land in sales and trades with business managemnt degree?

>>2017

If you aren't too sure about which degree to get, look up some of the big trading firms and get a list of their board members, chief officers, and departmental management. Figure out what schools they went to and what degrees they have.

You can get this information from shareholder circulars, press releases, news reports, website bios. It's all over the place.

That will give you some ideas about where to put yourself. The degree doesn't get you in the door; it's only there to provide a set of tools (skills) to perform the job well enough until you are experienced at the job.

>>2020

You're welcome. Knowing where you're going puts you ahead in the game.

>>1979

Show me a better performer than bitcoin.

>>2001

>>2011

OP is blue-pilled and everyone else here is feeding him more of that.

>>1973

This is a troll thread. The chances of becoming an investment banker is slim. It's even slimmer chances becoming a well fed musician much less a rockstar. But if you had to choose one, choose the one with more chance of obtaining it and with more leverage.

Investment banker you stupid faggot. The puppets you hear on radio make pennies compared to hedge fund managers and they're at the mercy of their label.

I think you're still a child OP and you have some growing up to do like >>2001 said

> I still sense some strange leanings in that idea - like your whole reality is shaped by either Hollywood Movies or Pop Music - like your brain is currently only informed by entertainment and mass media and not by reality.

I would recommend killing yourself because you'd be doing your parents a favor. Imagine being the parents of a stoner loser who plays around with his guitar and still lives with them. But I won't. Nature deals with its mistakes at some point.

Anyways faggot, check out wallstreetplayboys.com for a look inside investment banking. on second thought kill yourself

>>2445

OP hasn't even been to this thread in 4 months.

my career began to develop rapidly after I gained an important and useful knowledge in the field of https://sdsclub.com/the-complete-guide-to-perceptron-algorithm-in-python/ Data Science. This gave me the opportunity to become one of the best specialists in my country and many investors and various international companies wanted to cooperate with me. I am sure that thanks to my unique knowledge I will become a rich and successful person. I do not want to stop there

The question of choosing in which area to build my career is now acute for me, since I managed to get a legal and musical education. Recently I found an article https://skillroads.com/blog/hyped-ai-and-machine-learning-jobs about the most popular jobs this year and now I'm even more confused. The soul wants to create and with the mind I understand that musicians do not earn much. Wash the choice is obvious, but I'm still thinking.