Quote:
Originally Posted by Unregistered
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.
|
If you read their analysis report and recommendation, most likely you lose money.. Do you buy shares? (not those reits for dividend), Their job is to invest in stocks for the banks and make money from that. Do you think they will recommend you good ctr? or recommend you something to increase their profit? They earn a lot not because they are good at what they are doing (most of them), but because they are licensed to do a lot of things which others cant do.. They can publish a report with official bank title on it and ppl will rush to buy it. and of cos there are many angles to judge whether a stock is good or no good.. and they are expose to a lot of corporate internal news. Can you publish something yourself?