Checking Account Simulation: Fill & Download for Free

Time + Scale.The amount of time it takes to build a working algo is extensive. These things are 500,000 - 3,000,000+ “lines of code”, that take a team significant hours to build, test & optimize. These things aren’t “weekend projects”.A young “quant” can’t necessarily survive working full time on an algo with no paycheck for a year and a half. Once the algo is built, backtested, forward tested and simul-tested — you then need capital to contribute.If you build an algo that is optimized for $285m USD in capital and you are a 25-year old quant with -$62k in student loan DEBT with -$11k in credit card DEBT and $122 in his/her checking account, they will have to partner with a larger firm with access to larger capital allocations.Hope that helps.

Well, either you are a freaking nutcase, a troll, or a QPP idiot trying to attract clicks. Checked on your questions, Tinkerbell, and you’re a doozy. :Phttps://www.quora.com/profile/Aldrich-H-Wellington/questionsMy daughter refuses to stop eating in her room. Is it OK to place a mouse in her room to condition her to stop doing so?My child is forbidden from eating sugar. Recently, they went to a friend’s house, and the friend's parent fed my child sugar. Is this grounds for a lawsuit?If my mother fed my child fast food, could I file a restraining order against her on behalf of my child? My child is a minor.Is it okay to ration cereal to my child to strictly control their sugar intake?I forbade my child from watching TikTok because I worry it lowers IQ. However, my ex-spouse allows them to use it at their house. Is this child endangerment grounds for a lawsuit for full custody?My daughter didn’t wash grapes before eating them. Should I have her stomach pumped?An ex-employee recently left a negative Yelp review for my store claiming that I called her a racial slur. This was said in jest, and meant to be innocuous. Do I have legal recourse for defamation?Is it just a coincidence that Larry, Lisa, and Roger Silverstein were late to the World Trade Center the morning of 9/11?Why do COVID-19 sensationalists weep over coronavirus deaths and not the thousands of others who die each day from unrelated causes?My partner has refused to accompany me to a friend's function in the Hamptons. Should I divorce them, seeing as this may be indicative of a continued behavior of unwarranted/petty insubordination?How can one cure a whipped cream addiction?Why are you procrastinating on Quora instead of doing something productive with your life? Aren’t you embarrassed you’ve nothing else to accomplish?What if a quota were placed on the amount of children colored races can have to preserve the white race? How long until whites are no longer the majority race worldwide?Since my world is simulated and you are all products of some external Creator, does my simulated reality undergo maintenance when outside visibility is reduced by fog? Who can I speak with to leave my simulated reality?Since none of you are ‘real’ and I only create your existences in my simulated reality for enjoyment and learning, what is the best way to create a religion wherein I and you simulated people worship the real world? Will doing this allow me to awake?Why do all senile people flock to Florida for retirement?

I invented the FTI about 15 years ago (I think?) and gave it a more colorful name, but I also referred to it as the "Forget This" Index when speaking about it in polite company. It's a simple rule of thumb about investing for retirement -- when your FTI exceeds 1000, you can walk into your manager's office, say "Forget This!" and quit. :-)FTI = Age * Net Worth / Yearly ExpensesIf you're married, you'd want to average your age with your spouse's age, and you'd want to subtract any known future expenditures from your net worth (most likely example would be college educations for your kids). Yearly expenses shouldn't include taxes or investment spending that you do, either.So if you are currently 50 and your yearly expenses are $50k, then 50*N.W. / $50k > 1000 when your net worth is just $1,000,000. If you're 30 and your yearly expenses are $60k, then 30*N.W./$60k > 1000 when your net worth is $2,000,000. If you're 40 and your yearly expenses are $120k, then you need $3,000,000.I came upon the FTI by goofing around in a spreadsheet with my own finances and running a Monte Carlo simulation to see which conditions were necessary to avoid going broke before death (most of the time). I had historical return tables for stocks, bonds, real estate, inflation, etc., as well as an actuarial table for death probability at each age and would just run simulations again and again to see how often I would die before I ran out of money. If it was more than 95% of the time, I'd consider it a good scenario -- and eventually I noticed that the scenarios that were good were right around Age*NW/Exp > 1000.I actually considered using something like 3*log(Age*NW/Exp), which would flatten out the exponential nature of retirement saving and give the user a nice, 0 to 10 scale for monitoring progress, as well as setting the target higher. But I opted to stick with the simpler version, because we're kidding ourselves if we think that this is some sort of optimally-defined precision metric. It also returns complex/imaginary numbers if you happen to be in debt, which seemed cruel. :-)The other thing I noticed about my ridiculously-complicated Monte Carlo spreadsheet was that some of the factors pulled in opposing directions, with similar strength. Inflation hurts, but excess growth of your nest egg (beyond what you need to take out for living expenses) could counteract that. Taxes exist, but were likely to be lower in retirement than during your working career. Medical expenses might skyrocket if you suffer a debilitating illness, but that same illness would be likely to curtail your spending in other areas (travel, dining, entertainment -- a sad realization, but probably true). The more I poked and prodded the spreadsheet, the simpler the basic formula became.This also assumed that the user is okay with leaving next-to-nothing to his or her heirs. It doesn't attempt to maintain a net worth, growing it with the rate of inflation and passing it on to your survivors. Rather, it just attempts to avoid running out of money before you die -- so once you're in your 90s, the curve of your net worth starts to dive back toward zero. If my FTI was a lot more than than 1000 in my simulations, there would still be instances where I unexpectedly lived to be 106 and ran out of money -- but there were far, far, FAR more instances where I unexpectedly died at 61 with a couple million dollars left. The latter instance is considered a "win", financially, since I didn't go broke before I died -- but it doesn't really feel like one. :-) I didn't want a 1-to-10,000 ratio of 106-year-old losses to 61-year-old wins -- I wanted to take more risk and retire sooner. I'm okay with a 1-in-200 chance of 100+ year old bankruptcy (especially since it's the sort of thing you can see coming from a distance and make changes to move out of the way of that oncoming train).How can FTI be used properly? As a rule-of-thumb. If you use *only* FTI as your guide to retirement, you are a fool. :-) Seriously, there are other factors to consider in much more depth as you approach retirement. Consider the difference between two possibilities with equal FTI values: one where you have your entire net worth in a 401k and another where you have it entirely in a checking account. For the first, you would need to pay income tax on every withdrawal, but not for the second. That makes a huge difference in how much you have available each year for expenses. Most people have a mix of things like 401k, Roth, and traditional investments with who-knows-what ratio of value-to-cost-basis that you have to pay who-knows-what future capital gains tax rate on, all of which makes it impossible to use FTI as a precise tool. So it's fun to track as a metric, if you're into that sort of thing, but the final decision to toss your badge at your boss should come with much more deliberation.Were I a better programmer, I could set up a web page to let people try it out the Monte Carlo simulations interactively. Were I a better writer, I would publish a book on the topic (I've actually started down that path, but it's terminally boring). But anyone who tracks their expenses and their net wealth has everything they need to calculate FTI already.