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Does tax work bring any value to my resume for obtaining an investment banking internship?

Oct 1

Posted by Banki in Investing | 3 Comments

hchau115 pyta:
Does tax work bring any value to my resume for obtaining an investment banking internship?

I am currently working in taxes, doing corporate and individual tax returns.
Does my current job add any value to my resume when I apply for an investment banking internship?
If not, what can I do to enhance my resume, in hope of landing an ibanking internship?

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How can one use their credit cards to invest without the investment qualifying as a cash advance?

Jan 6

Posted by Banki in Investing | 5 Comments

Michael P pyta:
How can one use their credit cards to invest without the investment qualifying as a cash advance?

Everybody knows using a credit card at the ATM or bank will qualify the transaction as a cash advance and cash advances carry a rather high rate. However today I heard a bit on the news;how to make money off of the credit card companies rather than them making it off of you. It featured some investment guru who talked about using available balances on credit cards for investments that have a higher rate of return than the credit card carries. I have a 0% until July 2007 with plenty to invest if I decided to do this, but how would I avoid the cash advance rate if it would be regarded as cash? Are there any investments that would list the transaction as a purchase? Please help, I am confused.

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Would people work in banking/finance industry more likely to success in their own investments than others?

Nov 24

Posted by Banki in Investing | 4 Comments

H pyta:
Would people work in banking/finance industry more likely to success in their own investments than others?

Because of their insight and knowledge of the business, investment options, and trends? Just curious. I would imagine ordinary folks may be able to be money savvy to a certain level over time but probably still no equal to the pros who breathe finance/accounting/banking work night and day.
cybe’s made a very interesting point. I guess “ignorant” could be a “blessing” in the investment world LOL? Perhaps the more one knows, the more confidence, the more risk one may take, and the more money one may make – or lose?

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