Quote:
Originally Posted by Unregistered
Do NOTE AUDITORS can do minimal investments , cant buy much shares/unit trusts in case they are auditing those firms or wish to audit in future. This is ALOT of potential investment income lost. Someone who started investing at age 20s with 5-8% returns wld alrdy have made way more from investments- money that auditors loose out on ( I wonder why no one complains about this white elephant )
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You are correct there are restricted shares which auditors are not allowed to buy due to independence requirements. Each firm maintains their own list and database which you have to check against before committing. And you also have to declare accordingly. Since there are only 4 members of Big4 (duh!) auditing a large part of the listed companies in Singapore- yes there is good chance what you might be wanting to buy is restricted. I wouldn't say 'minimal', just that you have to do a bit more homework when investing and can't do so freely/carefreely.
Why no one complains - umm because generally most of us only stay inside for 3 years? So any potential loss tends to be quite minimum. And when just starting to work, your initial capital is quite low? So the returns on available returns isn't much either. Lastly if you are willing to accept Big4 starting salary which is a bit lower than other MNCs/MA programs, it means you prioritize the learning experience and exposure more than the immediate financial gain anyway.