Hey, this is Sasha. Thanks for joining me here for another investing or stock trading question by video. By the way, you can see all of these questions and answers in video format at my website tradersfly.com.
Today's question is all about a college degree, so the question is "What is the best college degree for trading stocks or being successful in the stock market?"
First, let's take a look at some common degrees that are available that you could get that are somewhat related to investing or trading. For Example, you might have a Finance Degree; there's also an Economics Degree you could do Business Administration, Computer Science, and Statistics, one of my favorites.
For you, the main question is "What is it that you want to do in the future because there's a lot of areas that you could get into when it comes to trading and investing?"
For example, "Would you want to work for a company and analyze reports?" in that question may be a finance degree would be beneficial or perhaps you want to evaluate economic conditions and discuss economic policies, in that case maybe an economics degree would be helpful than a finance degree.
Then you could also manage a financial business asking, other people, other investors to invest with you in that case maybe a business administration degree would even better. Or you could also create trading algorithms that trade for you automatically, in that case, a computer science degree would be a little better.
Looking at these things what if you're to listen to trade on your own make some additional money on the side and build your retirement. Well, in that case potentially statistics would be a little bit better. You have to then look at what is it that you want to do within trading, within investing and then apply the degree that's helpful or necessary.
You might be wondering then "What degree or what do I have my degree in?" and the simple answer to that is marketing. I got into marketing back when I was actually in high school studying to build my business. If you watch my story, I started doing logo design, graphic design, and websites and started that in my early teen years and grow that business up even through high school and then, even through college and then sold a lot of my business around my college years.
As I was growing things you know getting into college I thought okay maybe I should get a marketing degree so helps my business out and I can improve my business better. That's why I got a marketing degree, but as I was running and operating my business, I took the funds and things that I made and put it back into my investing and trading account. That's how I built up my investing mind, it was by taking money and funds from other areas and putting them back in into investing and trading.
That's basically what I did but do you need to have a marketing degree to go into trading or do you need a business administration degree or do you need a finance degree? No, you don't. It just depends what you're trying to do. You want to work for a large corporation and organization, then yeah maybe a finance degree or an economics degree would be helpful.
But if you want to make some money on the side if you're looking to make some additional income for your retirement or build up your account, then it might be just fine if you teach theater or dance. You could be an art student, and you could be into photography whatever it is that you want to do I've seen people come from all sorts of sources from being a book writer to being a dancer to being into computer science, electricians.
There's a lot of different people out there that trade and invest and you don't have to be one of those people that has a business degree or finance degree to get into trading or investing your money. It just comes down to what you are trying to do in the future
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