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Dueling investing apps: How to best forecast earnings

P2P Lending's Developing Debt Market

In investing, earnings drive stock prices. The thing is, though, for many higher growth firms, it’s really hard to determine just how likely a firm is to hit its stated targets.

An earnings miss — or even a hint of one – can be disastrous to share prices.

So, investors spend a lot of time listening to this analyst and that pundit explain his expectations for earnings.

The truth is, very few of these guys get it right.

A better way to get earnings estimates: crowdsource ’em

Most of the time we use analyst consensus earnings — an average of all the different Wall Street opinions.

The problem with using an average is that earnings estimates on certain stocks diverge pretty significantly and taking the average isn’t an entirely accurate way of trying to gauge earnings.

There are a couple of ways to do this better/smarter right now.

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How to plan an awesome career in finance – with Roy Cohen

Roy Cohen is a master career coach. His experience as in-house career coach for Goldman Sachs launched a career in which Cohen has helped thousands of financial professionals.

He’s the author of the very useful The Wall Street Professional’s Survival Guide

In this week’s episode of Tradestreaming Radio, you’ll learn about:

  • where the jobs are headed on Wall Street
  • what successful candidates are doing to land their dream jobs
  • common mistakes people make with their financial careers
  • traits shared by top performers

Awesome opportunity

Roy is also joining me at the 4 Days to a Better Job: 2012 Finance Career Bootcamp. You’ll get access to Roy and 8 other experts to literally supercharge your job search. Great if you’re trying to break into Wall Street, hedge funds, etc and equally useful if you’re in the market for a better job.

Loyal listeners of my podcast get an additional 25% off  – if you sign up before January 31. Use the special code PODCAST  to get your discount. Go here to buy your tickets.

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Finding a job in finance in today’s market

finding a job in finance

I’m not going to pussyfoot around it: it’s tough to find a finance job in this market.

Whether you’re on Wall Street, working the buy side, or a recent (or soon-to-be) grad looking to break in — we’re in a contractionary cycle for finance jobs.

That means any existing jobs are more competitive and take longer to land.

Many Wall Street jobs have disappeared (as have the firms that employed thousands of people). Hedge funds have had a tough couple of years, some shuttered.

Tough going but you CAN find a job on Wall Street

The job landscape may be changing for Wall Street and the jobs may not be where you’d expect them to be. But there’s still PLENTY OF OPPORTUNITY for aggressive and driven people who want to make a go at it and work in one of the most rewarding industries known to man.

I’m going to help you do it.

4 Days to a Better Job: The 2012 Financial Career Bootcamp

That’s why I’m hosting the 4 Days to a Better Job: The 2012 Financial Career Bootcamp.

I’ve assembled some of the top experts with real-life experience helping professionals (young and more experienced) find their careers on Wall Street, in NYC, in Stamford, wherever people are employed in finance.

No BS — these are people who walk the talk. They’ve literally helped thousands of people build successful Wall Street careers over the past 2 decades.

We’ll focus on practical, actionable advice that will bring you one massive step closer to getting what you want.

I hope you decide to join me and students/graduates from schools like Harvard and UCLA Business Schools February 13-16 for an entirely online event, 8 sessions focused on practical advice to help you further your finance career — or get it jumpstarted.

You can read more about the event here.

Feel free to get in touch if you have any questions about the event.