That's ca a two year salary of a software dev in Romania and 4.5 of an average salary in Bucharest, isn't it?[...]
The amount that I quoted ($1000 / month) also has some thought behind it, first being that I can afford it And if I have them then they shouldn't be a problem to other guys living in EU or US (leave aside this: https://www.cnbc.com/2018/01/18/few-ame ... gency.html ). I also quoted a 3 years investment, so there's a stop loss on the money spent. Overall, that would be $36000 on my side, I'll neither bankrupt by losing them nor get rich if I keep saving them. For me it makes sense to try to invest them into something of mugh higher potential, and given my experience, that's options trading.
I like some parts of your idea. Especially the working together part. I believe there are easier ways to do this though, e.g. hire university students/graduates or any people with serious technical/analytical credentials who can spare some time (let's say 20 hours per week, but more is fine too) without getting employment status with fixed salary. Maybe to get experience/internship and obviously if the team makes money they get a cut of the profits and eventually can become partner. I can set this up with say, 35-50k upfront investment in a low-cost town such as Bucharest or even better Cluj maybe with relations to a backer with "unlimited" intraday capital with API to ~zero transactions costs. No options though. Obviously you will have to mentor the team members in the beginning as they are not experienced quants.Average pre-tax monthly salary in Romania: $1000. Taxes are about 40% so take home is about $600.
Average pre-tax yearly salary for a software dev in Romania, according to PayScale: about $26000 / year. For a junior with 2-3 years of experience, to my knowledge, it's more like the sum I quoted ($36000). But those $36000 if I'd be paying them, would be saved from a pre-tax amount of $60000. And if I'd be paying a guy here *on salary* (there are other methods too), they'd be taxed again, so the take-home amount would be around $20000, the state would effectively engulf 2 / 3rds of the original amount.
But for the business I described here and at this stage, I've no use for a code monkey. And besides the few finance/capital market companies here who only employ, ahem, programmers, in 10 years of looking sporadically at local job boards, I've never, I repeat: NEVER saw a quant job. For all I know I may be the only quant in the country, certainly the only options-specialized quant, and that only by accident. The domain just doesn't exist here.
It was the night of the Big Wind. But you are too young for that nonsense.It will be declassified in 2030.Uuu... very interesting. What Great Schism?
Sent.mbunea, would you mind sending me a private message? I'd like to run something by you (but can't send you a message as I am a new user).
You're not the first board who I witnessed getting divided, the schism seems like an inevitable asymptotic law of politics. Usually the same parishioners populate BOTH the resulting orthodox and the catholic boards. Not the high priests though (unless incognito), they can't stand each otherIt was the night of the Big Wind. But you are too young for that nonsense.It will be declassified in 2030.Uuu... very interesting. What Great Schism?