Are any fellow accountants engaged in day trading?
I’m curious if it’s permissible to pursue day trading as a side hustle. I understand that the regulations in public Accounting are quite strict, but what’s the situation like in industry, government, or other sectors? As I’m approaching graduation and beginning my search for entry-level Accounting positions, I reflect on my college days when I made money day trading before classes. This allowed me more time to focus on studying, networking, and other activities. I’ve had considerable success with it and I’m keen to continue this hobby in the future.
One response
It’s great to hear that you’ve had success with day trading during your college years! Your question about the ability to day trade while working as an accountant is quite relevant, especially given the regulations surrounding the profession.
In public Accounting, you’re right that there are stringent guidelines to prevent conflicts of interest and maintain ethical standards. Many firms have policies that either restrict or require disclosure of outside activities like day trading, especially if you’re working with clients in related industries.
In industry or government roles, the rules can vary significantly depending on the organization. Some companies may have less strict policies, while others might have guidelines that require you to disclose any personal trading activity. It’s always best to consult your company’s policy manual or speak with HR to understand what’s allowed.
If day trading is something you’re passionate about, you might want to consider pursuing positions in companies that are more lenient about outside activities, but it’s important to ensure that it won’t interfere with your Accounting responsibilities.
When starting your job search, make sure to express your interest in maintaining a balanced lifestyle, which includes your day trading hobby. Good luck with your job search, and I hope you find a position that allows you to pursue both your career and your interests!