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  #1 (permalink)  
Old 22-11-2009, 05:03 PM
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Default Question abt banking/stock/currency

Hi, I being in a age group of career decision, have dreams in becoming a banker/ stock broker or even a currency player(forex), but currently enrolled in an engineering course, what to do???.
- Is it enough to have a dip cert to become a investment banker?????
- What's investment banking what do they exactly do.
- Private Equity??Equity Research?
- Any advice??
- What kind of stock play do you recommend?, option trading,forex,t3b.

Thanks, your advices are greatly appreciated .

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Old 30-03-2010, 12:14 AM
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To your question on what does an investment banker do, plse read my post:-

https://forums.salary.sg/investments-....html#post2044

Getting into banking is not that difficult but, you need to start at the entry level if you have no experience. Generally, there's consumer banking, wealth management and wholesale banking, and in each area you can either be in the relationship management role or the product specialist role.

If you want to dabble in investments, I suggest you start small and start off with the most plain vanilla product you can find e.g. stocks (not forex because that almost always involves leveraging). Its always safer (not more profitable nor better) to start off with trading blue chip stocks rather than to jump into highly volatile penny stocks when you are starting out. We all pay our tuition fees and you will have to inevitably pay yours too but, stick with the blue chips and your tuition fees will not be so heavy as you learn the tricks of the trade over many years. Take my word on this.

Investment and gambling are quite different but, sometimes we get them mixed up, even very senior people do that.

Lastly, good luck.

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Old 30-03-2010, 01:11 AM
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Quote:
Originally Posted by whizzard View Post
To your question on what does an investment banker do, plse read my post:-

https://forums.salary.sg/investments-....html#post2044

Getting into banking is not that difficult but, you need to start at the entry level if you have no experience. Generally, there's consumer banking, wealth management and wholesale banking, and in each area you can either be in the relationship management role or the product specialist role.

If you want to dabble in investments, I suggest you start small and start off with the most plain vanilla product you can find e.g. stocks (not forex because that almost always involves leveraging). Its always safer (not more profitable nor better) to start off with trading blue chip stocks rather than to jump into highly volatile penny stocks when you are starting out. We all pay our tuition fees and you will have to inevitably pay yours too but, stick with the blue chips and your tuition fees will not be so heavy as you learn the tricks of the trade over many years. Take my word on this.

Investment and gambling are quite different but, sometimes we get them mixed up, even very senior people do that.

Lastly, good luck.
I'm a "fan" of whizzard. What he says really makes sense - I highly recommend that you search for all his posts and read them thoroughly:

whizzard site:salary.sg - Google Search

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Old 02-04-2010, 08:40 PM
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Quote:
Originally Posted by whizzard View Post
To your question on what does an investment banker do, plse read my post:-

https://forums.salary.sg/investments-....html#post2044

Getting into banking is not that difficult but, you need to start at the entry level if you have no experience. Generally, there's consumer banking, wealth management and wholesale banking, and in each area you can either be in the relationship management role or the product specialist role.

If you want to dabble in investments, I suggest you start small and start off with the most plain vanilla product you can find e.g. stocks (not forex because that almost always involves leveraging). Its always safer (not more profitable nor better) to start off with trading blue chip stocks rather than to jump into highly volatile penny stocks when you are starting out. We all pay our tuition fees and you will have to inevitably pay yours too but, stick with the blue chips and your tuition fees will not be so heavy as you learn the tricks of the trade over many years. Take my word on this.

Investment and gambling are quite different but, sometimes we get them mixed up, even very senior people do that.

Lastly, good luck.
Thank you very much for you advice, i believe that you are a well respected mentor around here, and could continue giving us advices.
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