Which Best Investment Bank?
 

any u big players using a big investment bank

like merill lunch, goldman sacks, shroders

what are the minimum deposits and how much % interest do you get?

give some advice

is it worth having it for the exclusivity? do they pay good on funds?

Ummm...i dont think ibanks work that way...you are mixing them up with retail banks....i think ibanks help take companies public...I could be wrong though :2 cents:

Definately not samsam. The odds on of them returning a decent profit on your investment are around 35%.

Far better to handle your own investment in carefully chosen and sound areas.

Mutual funds make mad money. If you have the cash to start. Ask your bank, or any local credit union
In fact SamSam, if you are still in FL, hit me up, I know the best place for you to go, and it may be woth the drive depending on where you are.

Just to give you an idea,

I have money in the following 2 funds.

JPM International equity 22.61% in the last quarter.

Brow Cap Mgmt 15.44% in the same quarter.

do the math. you wont get that from a bank, and a HELL of a lot less risk than just in a single stock.

Hehe.. was just posting about that in another thread pornguy...

Sure... there are some decent funds and chosing them is crucial - the rest, a majority, are a disaster area.

I have a list of them that are producing at the lowest 2.93% per quarter. Only one in the list of about 50 has a loss of 3.67%

Most IBs have units that take care of high net worth individuals, we are really moving towards a universal banking system where a bank offers every service possible to their clients, mostly due to the removal of the glass stiegel act.

It's not how much of a loss they may make in a quarter - more like how much profit above the rate of inflation they can make over a few years. Around 62% have never achieved that level over the last five years (forgetting the smaller/lower value funds - never counted them).

The minimum deposit is not static and varies greatly from country to country, even within a country depending on which branch you are working with.

You shouldn't expect much more from an IB, the only reason they are getting private wealth management clients is because of their IB reputation. Most of their income is from Underwriting and that's what they are good at, they will have some good people working in wealth management but the returns they produce don't justify the fees.

DJSap, if you are looking for any extra work, Czarina over at xlabor is always looking for a theme integrator and other stuff. Nut sure how much work but you never know. hit her on ICQ 276592701

Merrill Lynch all the way. :thumbsup

I'm trying to pick a mutual fund as well.. my stock picking sucks

My recommendation is to go with an index fund.

And if you want to do stock picking my advice is always to do index and then try to find crappy stocks and short sell them, easier than trying to find good companies.

Keep in mind one thing when talking about investment not keeping with inflation. most of the people on this baord, and I included, wont be investing to live on now. So if you are making anything over what the % of your savings account is, then you are doing great.

So many index funds too, s&p is at an all time high so kind of afraid to put my money in it right now

My bank account is a great investment. No minimum deposit.. Great returns.
http://pissyourself.com/smilies/qqb006.gif

I think mine pays 0.01% interest if my balance is over $10k. May as well just hide it under my mattress...

most index funds are at an all time high :)

If you need some more ideas, consider VNQ, it's been treating me well :thumbsup

i wasnt really thinking about funds

just wanted a IB bank account with a better rate of interest

dont they exist? arnt there any IB with high interest in other countries?

the other thing is that if i have a VISA card with Goldman Sacks written on, ill get more pussy.

i doubt many people have a goldman sacks visa

Chase/JPM has done me well. Not those stats, last 2 1/4's were just OK.