How much are you earning per annum?

Originally Posted by Unregistered

Ya, IB stares at the screen for 16 hours a day... Asian to Europe to US market.. and sweat with heart pumping out... many sold by just making peanuts.. because they are concerning too much about the news... there are probably thousands of financial news/articles everyday.. they trade by emotion.. and most fail.. at the end.. they all read about WB investment wisdom and 100% of them thinks it is too conservative and slow... they want to get rich in a month.. and thinks they are better than WB.. that's y there is only 1 WB.. others walk in and out of the banks everyday and earn nothing.. except debts.. this is 99.99% of IBankers...

So I believe you are very successful in investment. Care to share your success story on how you invest in the past and at present situation. I don't mind if you want my story.

Originally Posted by Unregistered

Ya, IB stares at the screen for 16 hours a day... Asian to Europe to US market.. and sweat with heart pumping out... many sold by just making peanuts.. because they are concerning too much about the news... there are probably thousands of financial news/articles everyday.. they trade by emotion.. and most fail.. at the end.. they all read about WB investment wisdom and 100% of them thinks it is too conservative and slow... they want to get rich in a month.. and thinks they are better than WB.. that's y there is only 1 WB.. others walk in and out of the banks everyday and earn nothing.. except debts.. this is 99.99% of IBankers...

Staring at the screen for 16 hours a day is NOT a investment banker's job. That's a trader or asset manager. Investment banking is about M&A, pitching to clients and closing deals.

This is proof that people on this forum are wannabes who don't know sh*t.

Originally Posted by Unregistered

Staring at the screen for 16 hours a day is NOT a investment banker's job. That's a trader or asset manager. Investment banking is about M&A, pitching to clients and closing deals.

This is proof that people on this forum are wannabes who don't know sh*t.

Exactly. To talk to people who doesn't know what IB is about, need to be at same frequency.
When somebody is talking in the elementary level, you will have to lower yourself to the same level. Anyway, earlier post was to talk about ROI and not on IB per se.
You must acknowledge Fund Managers and IB are making more money than the engineers if all are merely employees.

Originally Posted by Unregistered

Exactly. To talk to people who doesn't know what IB is about, need to be at same frequency.
When somebody is talking in the elementary level, you will have to lower yourself to the same level. Anyway, earlier post was to talk about ROI and not on IB per se.
You must acknowledge Fund Managers and IB are making more money than the engineers if all are merely employees.

High percentage of engineers started their business because of the limitation in salary...
and many of them flare better than the IBs.. Most IBs are attracted to the salary and bonus they get and this limits their potential and courage to involve in business...
We see many successful engineers or other background ppl in business but rarely IBs.. may be only some small financial consultancy firms and selling products from banks and insurance company... and nowadays it is dying off because if I can buy direct from bank why do I buy from you? Can you provide better guarantee and services? Although the policy is guarantee by bank not you but many prefer to go direct.. And these IBs have to fight for underwriting business from these "useless" engineers.

Originally Posted by Unregistered

Staring at the screen for 16 hours a day is NOT a investment banker's job. That's a trader or asset manager. Investment banking is about M&A, pitching to clients and closing deals.

This is proof that people on this forum are wannabes who don't know sh*t.

Of cos we know whats the difference.. but because there are too many IB wannabe here.. IBs job is very tough and deserve high pay.. because they create synergy between companies.. merging and acquisition takes a long process and a lot of hard work involved..
The problem is many "IB wannabe" eg those work for commercial banks or brokerage firm always tagged themselves as IB... but we know they are not.. IB is way more knowledgeable than them.. so we have no choice but to join them at a lower frequency.. .

Here is good news for all the budget conscious engineers

Property market is falling
Stock market is falling
COE supply shooting to the roof

Next year and in 2016, COE price will crash
Engineers, you can then happily renew the COE for your 10 year old car
No need to buy new car because you engineers can repair your old car yourselves since you are so smart

Originally Posted by Unregistered

So I believe you are very successful in investment. Care to share your success story on how you invest in the past and at present situation. I don't mind if you want my story.

My most successful story which I am really happy about is to invest in Fannie Mae in end of 2012.. when most of the stocks started to move and this laggard still at 20 cents USD.. We are know if economy is recovering, the property sector must move.. I bought 20k USD of it, thinking if I win, win big, if lose, is only 20k.. I sold in July at 4.22 with profit of 400k+ USD and invested all in GST counters in Bursa and sold all last month..

Originally Posted by Unregistered

High percentage of engineers started their business because of the limitation in salary...
and many of them flare better than the IBs.. Most IBs are attracted to the salary and bonus they get and this limits their potential and courage to involve in business...
We see many successful engineers or other background ppl in business but rarely IBs.. may be only some small financial consultancy firms and selling products from banks and insurance company... and nowadays it is dying off because if I can buy direct from bank why do I buy from you? Can you provide better guarantee and services? Although the policy is guarantee by bank not you but many prefer to go direct.. And these IBs have to fight for underwriting business from these "useless" engineers.

Heard of seed fund, angel fund, private equity, vc?
This is the difference between engineers and the real world.
Frog under coconut shelf.

Originally Posted by Unregistered

Heard of seed fund, angel fund, private equity, vc?
This is the difference between engineers and the real world.
Frog under coconut shelf.

Of cos, there are plenty.. and how many can sustain it into a growing company and eventually make it big? Most are just few bankers partnership with each other and operating individually selling their own products.. talking about VC.. looked at the Silicon Valley VC like Jack Ma mentioned.. all got no foresight.. what they want is to "bet" in something today and see 2 folds profit tomorrow morning..

Really waste of time and bandwidth talking about other people's profession and earning power.

So what if Tom, Dick and Harry are bankers, engineers, lawyers, doctors or what have you. What this forum is about is what YOU are earning.

Kudos to those who shared their income and net worth.

So can we keep to the topic? If not, please go elsewhere.