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Old 10-10-2013, 04:30 PM
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Originally Posted by Unregistered View Post
Most of them invest in properties, like my friends in IB. But not financial products/stocks... They are not allowed to or have constraints doing it. May be because they know their own products are terrible. Share wise, most of them are very good in telling theories, TA, FA, long term investment... but none of them make it there (at least 10 folds return in life time), and yes, good sales ppl (more to desperate sales ppl with no sales skills at all) see how they approach ppl for banking products. More of forcing ppl to buy by grouping up and not allow you to go until you sign.. these are the ppl who are only good at memorising text books, and lucky cos the industry is very profitable. Unlike in the past, technology era, ppl really contribute their knowledge and skills. Bankers are more on selling with all hidden T&C which they would never tell you until you sign.. Even those who retired early, they wealth are from salary, bonus and their property.. Not many of them really roll their capital with good investment.. But when come to talking, about high dividend stock... they are expert, typical can talk cannot do ppl..
Your theory is wrong. If the bankers weren't good at making people money, they wouldn't be successful bankers earning hundreds of thousands of dollars. Even if they are prohibited from investing directly, the banks pay them large amounts of money to advise others. If they give wrong advice, they get fired. If you think you are so smart and can earn the same salary as them, why don't you try. Most likely you will fail

Most people who try investment banking fail and have to leave to do something else and Singapore is littered with failed investment bankers who are in corporate jobs. Many just cannot stand the stress and difficult job. There are those who are not very good and just end up getting stuck at an OK but not fantastic salary. Those will work until they retire as mediocre individuals. They may even do quite well, as you say, by investing in property. But there are those high flyers who deserve their million dollar salaries because they are really good at what they do.

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