Short $UPST to bankruptcy: me a $300k salary FAANG employee with STEM degree at top 10 school, $100k savings, no debt looking to get $30k loan to trade stocks -- only got approved $22.5k loan at 27.5% APR and $2.5k origination cost -- worst product ever!!! (to compare WFC offered me $30k at 14% APR)
I'm in WIRE for copper exposure. They sale copper wiring for various industries. Also in WCC/ATKR as they will the electrification of thing. We will need to update the grid infrastructure to handle the charging of all the vehicles. Do not have a position, but keeping an eye on STEM for battery storage.
Um no. There is a very large difference between getting a STEM degree and owning a 1800 sf house in a single family zoned suburb with a two car garage vs dropping out of school, taking occasional retail jobs, maxing out your credit cards, and sharing an apartment with some stoner you met at Electric Daisy Carnival
There's a difference. Zuckerberg built his mythos around being a college dropout who learned to code on his own. His image matches reality. Musk has been lying about his physics degree since the very beginning and talks at length about his education at Stanford and UPenn. It's not just the fact that he doesn't have a STEM degree, it's the fact that he built his persona on a lie. Zuck may suck, but he at least built his mythos more closely around the truth (omitting all of the money he started out with, of course).
Anyone STEM graduate with dozen idle braincells can open up a material science textbook and apply the concepts. Learning doesn't end with a diploma, the fact that you think that says more about you than you seem to think you know about Elon.
He literally never actually got a STEM degree. During the discovery phase of the Twitter lawsuit they got written statements from UPenn and Stanford. UPenn only found an economics degree and a mysterious 'blank' degree that looked suspicious, and Stanford said they had no degrees or anything on file. He was never an engineer, never a physicist. Literally just a business/economics guy who built the Iron Man mythos whole cloth. https://archive.ph/gzGpF
As most people are saying, ENPH is a great company but the valuation is pretty absurd. They make reliable, easy to use products that save a significant amount of install time, which is important because electricians (especially good ones) are very hard to find and keep around. They also have in house monitoring portals that come with their equipment so that is great. STEM is an interesting company. I own a lot of STEM stock, but have trimmed my holdings after their recent earnings result. I have owned varying amounts of it since it was a SPAC and obviously should have sold when it was around $50. When it dropped under 8, i bought a lot more. They have absolutely absurd revenue growth, in the triple digits. It was around 250% y/y after Q2 and something like 141% after the most recent quarter. Their projections for y/y growth in Q4 are around 200%. Based on revenue, they used to have an absurd valuation, but they executed while the share price plummeted and I think it is pretty fair right now. The disappointing thing about the most recent quarter, and why I sold a good chunk of my shares, is that their gross margin went down ob both GAP and non-GAP metrics. That is extremely important for them to get to being cash flow positive and eventually turning a profit. Right now, they pay out more SBC than their gross profit - so that is not great. I think their software is likely the best in the industry, but I do not think it is as hard to replicate as it could be. Basically a few smart industry folks and a few programmers could do it if they had some time. It depends heavily on the location, utility, rate schedule, etc. that the customer is on for behind the meter projects and the independent system operator (ISO) for front of the meter and utility scale projects. The main thing that I see as a huge value for them is that their software contracts are 10-20 years, so over time their revenue mix will improve dramatically, they can get better deals from their battery suppliers, and exist profitably in an industry that will likely be 100 times its current size in 10-15 years. I haven't done much research on Fluence, but they have negative gross margins at the moment and do larger projects, so the software will likely be a smaller portion of their total revenue. Energy Vault is not a good idea to invest in. Pumped hydro, which has been around for ages, is difficult to do and much easier than what they are trying to accomplish.
Well Twitter is only a drop in the bucket but the reason I'm saying this is because it's easy to say "300k jobs added" when the jobs are around min wage than it is to say 300k high paying STEM jobs added. It's all about how good it looks to investors and media. Big employment number == very good
Big fan of smart energy storage and I've been invested in STEM since its time as a SPAC and that was before it was considered a meme stock...I'm not entirely sure it should be considered a meme stock now. You could argue Apple is a meme stock too then because everyone says buy it and chill in this subreddit. I'm not in it for the memes. I believe in what the company has to offer and my investing strategy involves putting faith in what comes next. I'm holding for the long term now and will not buy or sell anymore. Comfortable with the share count I have, will take the time to diversify, and cannot wait to see where it goes in the next 5 years. I've wanted to jump into FLNC as well since it's STEM's contemporary, but its share price has been as volatile too, and I would rather only have one take my portfolio on a rollercoaster ride
Just understand that we are in extreme bear territory; you will most likely not get sound insight from the people lurking these subs nowadays simply because all the excitements in the space has dissipated. Everything that isn’t a FANNG/GAMMA stock will be immediately looked down upon and called “high risk” or “meme stock”. This is because people are afraid of companies with weaker fundamentals and many years before profitability given the macro environment. In reality, this would be the best time to invest in high growth stocks as long as they have solid balance sheets and a good management team because they are at such low multiples and are closer in share price to their intrinsic value. STEM and Fluence both license their AI software to different companies to help them mitigate electrical costs and reduce peak energy crunches. That is their primary moat. They pair this with 3rd party installations of solar panels and battery packs from the likes of Tesla. They do not create their own hardware at this point. Enphase to my knowledge is more of a hardware company than software. And while they may have to utilize software to ensure their hardware is working, they are by no means considered a Saas company. Their moat is primarily based on their Direct Current to Alternation Current (DC->AC) inverters. They are really the only game in town when it comes to these inverters. Anyways, that’s my two cents. As full disclosure, I am currently invested in STEM and have invested in Enphase in the past. Both I think are great companies with many years of future growth on the horizon.
STEM - I’m a big fan of smart energy storage. CHPT - The clear, emerging leader in EV charging and a better option to invest in than trying to pick which upstart EV company is going to be the next Tesla or which legacy maker will dethrone Tesla. And yes, Tesla has its charging stations too, but I think the world is big enough for both. ENVX - I stumbled across this one as I sought out battery plays and I got to say, despite its recent haircut, it could be a long term winner. ASTS - At this point, I don’t really have a choice, lol. I want it to succeed. Ultimate risk/reward play and a cool company. CNRG - Clean energy ETF that will be the biggest position in my portfolio overtime. I’m ultimately investing in what comes next.
Did you not read my original post? Chinese locked down. Tech wealth frozen. Other STEM wealth don't like Musk anymore. TLDR, those with a TON of purchasing power are checking out. I'm pretty connected to Tesla community buyers. At our private school, Teslas owners admit to now being embarrassed to own Teslas. Eyes are turning to other EV makers (including the luxury companies, like BMW).
Who do you think buys Teslas? The Chinese (locked down) and a ton of techies (now on pins and needles about industry status). The only other buyers (other high paid STEM grads) are disenfranchised by a shitty billionnaire they can't imagine wanting to ever work for. TLDR, TSLA's buyer base is a mess and I'm here with popcorn (short TSLA obviously).
Again the debt is meaningless when households are doing well. Doesn’t bother me one bit. Participation is obvious a lot of (women mainly) who stayed at home with their kids for two years don’t think it’s worth it to go back and for their families it works financially. The big thing the gov needs to do is increase the visas for skilled labor from overseas. We have a lot of dummies getting chad Wall Street jobs but not enough STEM degrees
I was early in STEM and I like the company in general but I wish I hadn’t invested initially. Their software is where they have good margins but so little of their revenue comes from that. Most of it comes from energy installations which is low margin.
Some unloved picks: ADSE battery buffered EV chargers growing 100%+ and at just 1.5 P/S. RDW the only profitable space SPAC and cheap. Already selling goods manufactured in space, which no one se is doing. OUST will likely become the Lidar industry leader after its merger with Velodyne. $165m of revenue next year and focused on industrials and robotics rather than autos like Luminar. Breaks even in 24/5 and trading at only $150m over combined cash, so EV is less than revenue. Some more high quality names: I reckon Planet will turn into a SaaS powerhouse in a few years and STEM is the best energy storage stock.
You don't see a bridge blow up You don't see softwares blow up But you see funds blowing up left and right all the time... I'm slowly starting to hate the business majors and this is coming from someone who's doing finance major + cs minor (yes, I'm too regarded to go full STEM sadge...)
My portfolio is indexes/funds on S&P & total market index. Some dividends. Then my riskier plays are AMD & STEM a clean energy stock. I keep it simple. It’s riskier for some but I realize that & I’m okay with it. Long term my outlook hasn’t change.
There is a different between quality education and just adulation in general! I got educated from my family and library and buying quality literature! Many schools today are not good education machines, but indoctrination machines. For example there was an Arguments that more funding creates better schools and better education. Well last 50 years that has been proven inaccurate in Chicago and Detroit, schools didn'tget better! Good culture practices have just as pick of an impact. So your argument that I should be happy to donate because end result is more beneficial is invalid. STEM fields are the only beneficial to a society.
A lot of boomers are selling and mostly millennials are buying. A lot of millennials are selling their appreciated condos and buying single family homes now. I wouldn't be surprised if millennials are the top generation buying homes in Metro Vancouver right now. Especially true for millennial couples working in STEM.
Failed me for sure bro. I'm an FLK ASD and it was hell. I *still* hate my AP calc 2 teacher. She was a bitch from hell obsessed with making children feel responsible for not knowing things she hadn't taught them. Professional gaslighter with a superiority complex over a small set of concepts that many developed countries teach at grades 7 and 8. Absolutely crazy. Especially for STEM we are fucking the family dog, so to speak.
Germany has been in decline economically, demographically, politically, militarily, social, cultural etc. for many years now. Im a German that chose to live in Denmark instead. Germany has too many problems. The population is rapidly aging. Unchecked expensive immigration pressures the real estate markets and replaces germans with foreigners and displaces german culture. Infrastructure has been consistently degrading. Corruption on a constant rise, politicians on a constant decline with lower and lower qualifications with the current Minister of Economy having ZERO EXPERIENCE OR QUALIFACTIONS! Zero. No degree in economics no work experience in economics nothing.. nada! Not even a basic bachelors degree in business or anything. That is a consistent feature of german politicians, you\`d be hard pressed to find even ONE politician with a valuable degree. German politics are driven by arrogant populist self-righteous ideologism. The german version of it. Meaning they want germany to be the superior nation in handing out money to worthless projects and attempting to be superior SJWs etc. with the primary focus of politics being the politicians own careers and a constant expansion of the number of politicians and their "diets" (very high tax free wages) .None of it is about long term economic prosperity or sensible policies and wealth and welfare of the population. Speaking of which: education in germany is abysmal, the style of education is decades outdated and modern times have not arrived (or at least had not arrived back in 2016 when i started a STEM degree in germany and gave it up and went to denmark instead) .. we had no tables, we wrote everything on paper and the professor wrote everything on the blackboard with chalk. Sit, listen, write, in quick pace, no time to think or understand, on uncomfortable chairs shoulder to shoulder like cattle . Overcrowded underfunded education. Horrible internet infrastructure, shoddy mobile coverage. And too much violent crime around me, too many terror threats and knife attacks by immigrants as well as rape and a massive increase in robberies and theft. German media is too political as well. Its not a nice place to be its does not feel like a free country and it does not FEEL safe. But very important as well: Germany is bureaucratic. Very much so, in fact it chokes growth and businesses to death. The tax agencies are out for blood, they tear apart small and medium businesses with constant requests and investigations, making it hard for businesses to focus on making money, as a business you have to prove your inoccence not the other way around. And you are taxed to death unless you can PROVE that your expenses were as high as they were and that you earned less than the government claims. During covid promises were made to support businesses instead we got the opossite: massive bureaucratic requirements to get anything at all, limitations, waiting times so long that youd be bancrupt, pre requirements like needing to expend all your day-to-day cash reserves required for your business to stay operational (they required you to spend everything, which meant you had to basically suicide your business before you got help).. hence oh surprise surprise the budget allocated to "help" was not actually used. Businesses in Germany spend a lot of time on paper work. And often they need to deal with different rules in each "bundesstaat" (like the US states). There is brain drain from Germany to other succesfull countries like Switzerland, Australia, USA, scandinavia and start up flight, start ups prefer moving out of Germany. Germany has some strenghts but they are not utilitzed properly. Germany could be prosperous as heck but its like a very nice luxury car but with banged up shoddy tyres, mistreated in every way, old engine oil, clogged air filters, cracked windscreen, moldy seat and when you get inside there are more people than there are seats and half of them do not speak german and half of those that speak german use foul immigrant language, the sound system plays deutsch-rap (yuck) and it smells like weed beer and shisha.. and obviously someone dropped his Döner on the seats.
I’m an advanced STEM teacher and teach the following courses regularly: - AP Calculus AB - AP Calculus BC - AP Statistics - Multivariable Calc with Linear Algebra (through our dual enrollment program) - AP Physics My students pass their exams just fine and get college credit to boot and my test scores are higher than the state and world averages year over year. 🤷♂️ Again, do you actually have something substantive to say or do you just cast aspersions to deflect from your non-argument?
I’m pretty sure that is going to depend on the profession…anything that is related to STEM…A) no employer in their right mind is going to take the time to teach the amount of science and math required to learn in college before a person could even begin to understand the position. B) I don’t see any reasonable consumer choosing someone without that education to perform the highly technical tasks required for any of those jobs if they were aware they had zero college education. Now outside of those fields I’d agree with you. But you really have to wonder what other kind of short cuts an employee with a fake degree might take and how that might effect your company if they get caught…. Actually, the more I think about it…”Shortcuts to Success” 😆 ironically, is the kind of irresponsible behavior by people that literally created the hellscape of an economy we have now. Juuust the type of person I want to argue support for haha
If daddy got laid off, and family lost the house the kid usually did not go to college. While it is possible to land a job in Big Tech without a top STEM degree, it is less likely. Id say a lot of those folks are post 2015 grads, when things picked up again.
Do not bother with anything China. I would say buy AMD and NVDA while they're cheap, but who knows if we're even at the bottom yet--or when semi's will have resurgent demand. I could shill you STEM (energy storage), it's basically a poor man's ENPH. But it was a de-SPAC deal so it's a volatile ride. Probably best off buying GOOG on this dip because of how diversified their business is.
U Stoopid Fook U don’t get abs doing sit ups I have abs and all I did was walk to get my body phat low so u can see em I ain’t do one fucken sit-up Don’t matter how u burn the calories As I would burn em off pounding your mum since u can’t pay her rent cause u have no money so she has to use that mum butt for chads like me who got a STEM degree and making bank or asshceeks mate
Get a job in STEM, anything that'll get you to 6 figures by the time you're 30ish (assuming your college or high school age) Max out your Roth IRA every year into a broad market index fund Max out your 401k every year, or at least up to the employee match into a broad market index fund Don't buy too big of a house, or too nice of a car, and don't ever EVER put anything on a credit card that isn't getting paid off the next month Assuming you follow all those steps, you'll have several million invested by the time you retire and have a shit load of play money between now and then to gamble or do coke or buy weekly puts on TSLA
College degrees used to mean higher pay over your lifetime. They may no longer mean that but it is dependent upon the major you choose and your debt isn't overwhelming. Don't major in psych unless you plan on grad school for psych. (I was a psychology major) I'd suggest you do something like business or find a STEM major you can live with.
The US doesn't 'lead' in semiconductors. It relies massively on foreign technology such as AMSL lithography machinery and imported brainpower. More than half the STEM faculty at some US universities are foreign born. China can just as easily attract Russian, Indian and Iranian talent as the US. China can also ban Chinese citizens from studying overseas or working with 'hostile' Western countries. eg One of my acquaintances is a Chinese born engineer working for a major US aerospace manufacturer. There is quite possibly no other person in the world with her particular skillset. It would realistically y take 10-15 years to train a replacement.
Wasn't there a guy who surveyed every filled and open job in his town and found that the only positions that were empty were retail and food services offering minimum wage? * General Admin? Full up essentially recovered back to pre-covid patterns * Manufacturing? Full up essentially recovered back to pre-covid patterns * STEM fields? Full up essentially recovered back to pre-covid patterns
Yeah, it's pretty straightforward. \- go get a PhD in a STEM field, preferably something close to big data or machine learning. \- move to New York \- get a job on Wall Street. then you get access to the computer/fast connection/proximity and all the money you'd need to make a difference. (I said it was straightforward. I didn't say it was easy.)
I mean my kids high school has like 50 4 year speciality programs to choose from. All free. From top level baccalaureate prep to trades to military programs. Plus state sponsored STEM programs. I’m sure it sucks in other places but it definitely doesn’t suck here.
You are the small cap guru here. I know you invest primarily in ETFs (AVUV, I think) but for masochistic stock pickers like me, are there any small cap companies you have a really high conviction on? I'm looking to take a coffee can approach with 8-10 small caps. Buy a set amount and not touch them 10 years at least. I've started out with PERI, STEM, and INMD. Any other small caps you really like, even if you have invested in them individually?
I’ve seen it here (and have been guilty of it myself)…redditors like to categorize STEM people like they’re all some higher level geniuses while anyone that went into management or sales is just some dumb fuck (or greedy person) that couldn’t get into STEM because they weren’t smart enough. When in reality, there are plenty of smart people (that could have exceeded in STEM) but just didn’t have an interest in those fields when they were in school. I’ve had colleagues complain “oh this stakeholder asks such dumb questions! They clearly don’t know anything about these advanced statistical models or about programming! They’re wasting my time with these requests!” And I’m just like “yeah no shit they don’t know, they didn’t spend years of their lives studying this stuff. And yet you can’t present a single slide without confusing 75% of the audience and boring the remaining 25% nor are you able to market a single product of ours nicely” Huffs “but *I* don’t care about sales or marketing side of things” Well guess what, they can say the same about your work.
Half of university programs are cultural indoctrination curriculums. I’m fine with incentivizing STEM degrees. But why should we pay for someone who was convinced to “do what they love” and obtain a degree that generates little to know value? Imagine if we all did what the liberal teachers told us….I would have got a music degree instead of an engineering degree and be begging for others to pay for my mistake. It’s straight up dumb, and a cheap play for votes. Like many have said before, helping pay their loans isn’t doing a damn thing to stop the problem. But the last things democrats want to to is to stop the cultural indoctrination.
I am in the real estate industry and all I can say is at least it’s possible for first time homebuyers to get something now. FHA THDA VA offers are actually being accepted now. For the last two years I’ve written offers that range from 20-150k appraisal gaps to compete with other offers, meaning aside from downpayment, closing cost etc buyers had to have in difference the cash to cover their bids on homes. First time homebuyers didn’t have a chance unless they found something 45-1 hr away from where they wanted. Now it’s a negotiable market, where homes are seeing price reductions. You are seeing houses stay on the market for 30+ days that would have had 30 offers in 5 hours before the rate adjustments. People are selling houses they don’t truly love, that they settled with because of the competition, so you’re seeing a lot more on the market. First time home buyers can actually get lowball offers where sellers cover all buyer closing cost now. Yes the rates may suck, but Atleast you’re slaving away at building equity of something vs burning money paying for a landlords mortgage regardless of what rates are. Sorry for the rant but I’d rather own something at 7-8% than rent because rates are high. If you can afford rent, if you can save up a little bit for an FHA downpayment right now and get sellers to cover closing cost, I think it might be one of the last opportunities for young people that aren’t in STEM or very lucky to own homes.
Well I don't think anybody reasonable considers India or China an "enemy." Competitors, definitely. And the most elite students from India and China still mainly come to the US for their education. There are many problems with America's education system but advanced STEM isn't one of them. We just don't churn out IT worker bees and armies of entry to mid level engineers like India and China do. And the H1B visa holders are willing to work for less than their American counterparts with equivalent skill sets. It's more about business than education. Personally I'd like to see it made more difficult to award an H1B visa so there's better investment in American education. But I don't think all the business interests that profit off of relatively cheap and highly educated imported professionals would ever allow that.
America has essentially outsourced its production of highly educated STEM workers to India and China. Thousands of people every year complete advanced STEM education in India and China and come to the US, and most of them stay. Sure they may send some money home to family, but the bulk of the value they produce stays in the country permanently as they become citizens and have kids who become very much American. They produce value and patents for American corporations, and as far as the system is concerned it doesn't matter where they were born. America still wins in this dance.
Judging from the percent of authors of papers in Science Magazine who are Chinese, I doubt very much that China will be unable to fill any jobs vacated by Americans. China has over 4X the population of the US, with a higher percent going into STEM fields. They are smart and hard-working. It is absurd and possibly racist to think that their industry will be unable to survive without US leadership.
My first advice is buy some thing auntie Janet Yellen is guarding. Get some high interest iBOND from Treasury. Second find a hobby physical work out, a hobby. I had such heavy load in STEM courses and a job there was nothing but stay busy. A few my age lost it all in stock market. Wish you the best.
You really need to stop smoking hallucinogenic drugs. 1. The Chinese economy is actually 20% *larger* than the US in real (PPP) terms. 2. The Chinese economy is mostly service based and domestic. 3. China produces **15x** as many STEM graduates as the US. 4. China produces the most technology patents. 5. China is now ranked *first* in scientific research 6. Only 19% of the Chinese GDP is based on exports. 7. Exports to the US are less than 4% of China's GDP. 8. China produces 6x as many engineers as the US. US based War games estimate that the US would lose HALF it's fighter aircraft and at least two carriers if it went to war with China over Taiwan.