Finance for Programmers

I'm going to be totally honest, I know fuarrrk all about finance. Scaling the wall of terms seems difficult and I really never have been particularly into finance nor grasp it easily, but I have seen a couple positions which ask for knowledge of finance, so I decided that I should get at least a basic understanding. I assume there's some people in here who know something about it. To those people, what resources are the most useful? Which books are essential reading?

Don't buy things unless you're absolutely certain you won't regret the purchase. and if you are going to buy, try to find it for cheaper. This has nothing to do with programming. Sage

May clarify a bit? Do you mean personal finance, algo trading, just trading stocks?

Trading and Exchanges: Market Microstructure for Practitioners by larry harris (available on libgen) seemed a decently solid intro to stonks and other financial markets to me. Pleasant to read and witty, a good textbook.

Man, I'm 100% like this. I've really had trouble grokking finance because I'm not sure what part of it is "real", a law of nature, and what is an arbitrary rule that can and will change tomorrow. And what part of the thing is hyperstition, manipulation. I have some idea of stock trading and can do mildly successful "value investment" by understanding the computer industry (so far), but still, bump out of hard interest in literature. Also interested in ways to glean useful info, like sentiment analysis or insider trading filings. I've found that SEC insider trading filings (e.g., Form 4, CEO buys more stock) is a strong indication one is doing something right (after the fact ofc, but it adds to one's understanding).

>>34887 here's an outline of some of the curriculum for quantitative finance. https://www.cmu.edu/mscf/academics/curriculum/index.html just look at what the concepts each class are designed to teach you. and libgen textbooks overlapping with the material, u can learn a plethora of terms by the detailed explanations provided freely through investopedia

>>34887 (soykaf ahead) https://www.youtube.com/watch?v=FuNTNDEUwkw For more in general stuff, maybe look into Buffett and Graham. Santa Fe Stock Market is interesting. Maybe look into operations research and game theory. Bernoulli, systems theory, Monte Carlo sims. Hope that helps a tad.

dont buy a house, everyone will tell you that it is the best long term investment, don't believe them. buying a house is good if you want full control over your living space, yes. but it is not a good investment. instead, find a nice, cheap place to rent, and save the extra money that you'd spend on house maintenance. put that money into a roth IRA. as far as i've read, you can pull out the contributions whenever you want, be sure to double-check this, i'm not sure. don't overcontribute to your investments, you are young and still need to live your life, spend money on stuff that makes you happy

>>37681 Nah man if you have a good mix of savings and investments you can invest every spare penny. Once you have enough cash you can start stuffing things away into investments of various kinds of risk and accessibility. When the market is up I even have some investment accounts that I pull spending cash from. Not something you want to do with all your investments but it’s good for holiday shopping. The big thing is making sure you’re regularly putting away money that you have zero plans to touch until retirement and you have an emergency fund that’s easy to get to and can get you through a stock market crash where you lose your job. After that it’s just figuring out how you can stretch out every dollar in between. Houses are overrated investments mostly memed out to regular homeowners for the benefit of people who own massive amounts of property, home contractors, home depot, mortgage lenders, realators. They’re not bad investments as part of a diverse portfolio provided you’re actually living in the mf’er and have a lot of left over money for other investments and emergencies. Personally I bought half the house I could afford and pretty much everyone involved in the process acted like I was out of my mind. Just be mindful of space buying things to put in your house and don’t horde crap and you can have the comfort and amenities of people living in homes twice the size. Rent and car is another thing. Get what you can tolerate and not whatever fills you with pleasant fantasies. Go ahead and find a bunch of common recurring expenses and find what’s the recommended spend or median spend by % of income. You’ll find that you get through a handful of them before everything adds up to over 100%!! Any factoid about how often you should replace a car or phone or what % of income should go to your housing, car, or whatever else started as propaganda from a company or industry group. Don’t listen to it! Once most of you are a little older all of this will get easier, I know a lot of you are younger and already barely making ends meet but hopefully you can start small and advance in your careers and get some breathing room.

>>37681 >dont buy a house >rent goes to some geriatric or corpo >buy a house >mortgage goes to my home equity I work remote and pay $600/mo on a 30 year fixed rate loan. In just a few years since rents in the middle of nowhere have already far surpassed that. Yes, there are unpredictable maintenance expenses, but I'm financially and mentally prepared for them. Paying exorbitant prices for a living space you don't even own is the most depressing feeling in the world. I'd be all for renting if it was an order of magnitude more affordable.

>>37686 I mean yeah. There’s a lot to think about. Most of the affordable places will totally hamstring your career if you settle down there early in your life even though you’d have no problem finding a job and living like a king with a little experience. Remember your employer is there because it’s cheap too. As a tech worker, especially a junior tech worker, if nobody in your littler town has ever worked at a MANFAG company or similar doing anything other than emptying garbage cans or driving trucks then you’re wasting your time. You could just as easily scrape by in Seattle for a year working at a shady Microsoft vendor and go back to any of thousands of similar dying communities and basically ride that soykaf though every quaint IT department in town and get good interest from nice remote gigs too.

https://www.swift.com/standards/standards-resources

Computerfinance user here, I have a few tips for that: 1) When I did get into the financial market I needed to read a lot of different books, I went into Investment banking and my background has always been Data Science and bioinformatics, so there was a real adventure. Some good books: - Accounting and Finance: An Introduction An Introduction - 11th Edition: Eddie McLaney, Peter Atrill > that guy I recommend to get the basics of finance terms and stuff like that. - Investment Valuation: Tools and Techniques for Determining the Value of any Asset, University Edition, Aswath Damodaran > That guy has been my bible in terms of theory and what to do. - There where also a good book in Portuguese about finance analysts that was really in practice. - Financial & Valuation Modeling Certification Program, this Wallstreet Prep Course was the best one, for me and helped me a lot, every tool and sheet necessary i took from here, even classes (the job paid me the course). Link: https://www.wallstreetprep.com/self-study-programs/premium-package/ With that, you can go into junior positions without a problem.

>>38455 Any luck on the Portuguese book title or author? I can probably find an English version given enough information. Asking as an autodidact.

>>34887 https://en.wikipedia.org/wiki/Double-entry_bookkeeping