dreamer_swan wrote:Then you know we CANNOT talk about clients. All I can say is that they are still happily in touch even if I am 10,000 miles away from them now.
Congratulations! You have just flamed the entire private banking industry that employs thousands of people in Singapore and has brought in billions of money to our small island. I was just a lowly relationship manager, do direct your challenge to an Invesment Advisor or CIO and I'm sure they will hire and give you the fattest of salaries when you win. Better yet, maybe you should become an Investment Banker and teach them a thing or two of how to earn money.
Are you working for State Street? ETFs VS active management is like the never ending argument of New World VS Old World wine... Although your ETF preference does indicate your risk tolerance levels and investment mindset. Each to his own and not all are like you or my self for that matter.
And if you knew what you are talking about in the first place, you would be aware that MANY of the people (bankers included) who are out on the street right now, lost their jobs not because of their own fault. THINK about that...
The banking industry DESERVES to be flamed. I'm sorry, you've failed to address any of my claims. Yes, many bankers did lose their jobs, and they did lose them because of their own fault... this is the fundamental concept you cannot seem to understand. The bankers... at all levels... f*cked up! You are out of a job because your wealth management skills were found wanting. If they were good you would have clients that would have insisted on keeping you. How hard is this to understand? The 1,000's of 'bankers' on the streets DESERVE to be on the streets because the provided NO VALUE. It WAS their own fault.
You call yourself a "lowly relationship manager" and yet boast of a $200K salary. What is wrong with this picture? Lying about your salary would be the easy way out. Being paid $200K to be 'lowly' only supports my view that banks put warm bodies into positions to collect fees, regardless of actual ability.
PS: I have my own investment strategy... and ya know what... how about a contest? Each of us will start with $100,000 of funny money. We'll invest in whatever we think will make the best gains over the next 6 months. Winner pays the loser $500 and buys dinner at a nice place. How about it? I say I can kick your ass.
Cheers.