Watching Millionaire Inside

we have been seeing comments of ppl earning $500k pa as investment banker. i presume these are in foreign banks. what will those in local banks be earning though at say VP level?

Whizzard,

Do you work in investment banking as well?

James

just to share my story. I am early 30s and i run my own company started back during the dotcom era. I estimate my networth at S$3M today. I arrive at this by adding up all my personal assets including home and valuing my company just based on cash position(no debt).

It took me 5 years to increase my networth from 0 to 1M. It took 2.5years or so to do the next 1M and now it is 1M per 1.5 year. If things go well, it should be increase of 1+M per year.

So just to let readers know that it is not just banking and finance that can help you achieve your financial goals. Running your own business can help you do that easily too. And i know quite a few other late 20s, early 30s entreprenuers who are probably worth twice or thrice what I have. Best of all, many of us did it without inheritance and started from just $20K or $100K.

Thanks for sharing that with us, "business". That's an inspiring story.

business, starting a biz seems to be quite a big task especially with the uncertainties looming ahead. any advice for those keen to start but don't know how?

thanks.

Seems like there are a few investment bankers on this thread.

There are a couple of IB opportunities that we are trying to fill for various industry groups (Power, Metals & Mining and SEA coverage). Do take a look.

If you aren't, consider referring current bankers to the positions. We pay out attractive finders fees (from $3,000 up to $10,000).

http://www.vawch.com - we offer financial rewards for individuals to refer friends to jobs so our clients can leverage social networks to find candidates they might not have otherwise found. If there is match, the employer finds the candidate, the referrer is rewarded and the candidate gets a new job.

Anybody can share their experience on Intellectual Property investment? Cuz I think that beside property/financial business people actually get rich by licensing their IP rights especially in entertainment industries like movie/games or even comic. Pls apologize if it's a-question-too-far.

To James or other investment industry veterans.
Your comments are rather insightful. Btw i am a IT professional specializing in SAP FICO/FI (finance) module, however i have realized that financial investing is where my true interest lies, and am contemplating on swicthing career to either equity research, private equity , assest mgt or Private wealth banking. i am in 32 now and taking CFA lvl 1 this dec, and had got offer from a US MBA school (top 25 on EIU ranking).My plan to do both concurrently My thoughts are: is it late for me to switch now? Would any investment firm hire at the age of 33+ , especially with no formal financial job experience . Your comments or advice would be greatly appreciaated. Thank you

Actually, I've a few questions myself. I joined a VC firm 2 years back because I wanted to work in the financial sector. However I had come from a background of PR and Communications, so my current work is still in this area. While I find I do have a knack for networking and cultivating good client relationships, I still find it difficult to get a job in Private Banking. Having advised and managed high networth clients, I do have good knowledge of financial products, strong relationship management skills but somehow something is still lacking. Should I get an MBA or some Private Banking certification?

hi everyone, i need advice! i bought lehman brothers unsecured bonds and am wondering if it is a good idea to sell off my bonds to a secondary market transaction or continue to hang on to them. also, i've investments in permal.. i'm afraid i'm going to lose all my money in there looking at the current american financial situation. is it wise to sell it off too?? id rather make a little loss now than to lose everything in a sudden downturn. thanks.