Many people are looking for ways to make more money. Money is a universal value that most people eagerly share. If you are looking to grow your career by being an Investment banker, there are multiple helpful tools you can use to begin your journey. What happens with it, of course, is up to you.
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Web Resources
Some good web resources for starting a career in investment banking are Robinhood and WeFinance. Robinhood lets you begin stock trading without all of the fancy fees that are often associated with this sort of activity. WeFinance gives you the opportunity to lend money to other people. Both of these tools are ways that you can get started in investment banking. WeFinance is a social lending platform that offers interest rates from 3% to 10% on top of your investment. An Investment Banker who is just starting out should consider using tools like these two.
Understand Economic Laws
If you have a scarce quantity of something that is highly demanded, you will have a high market price for it. If you are the seller of that scarce quantity, then you will benefit. If you are the buyer, then you will suffer for buying it. An example is a pure gold coin. If you have a large quantity of something that is not demanded, you will have a low market price for it. If you are the seller of the large quantity, then you will suffer. If you are the buyer of the large quantity, then you will benefit from buying it. An example is a cabbage. Becoming a wealthy person requires buying little-demanded products and services, and then transforming them into highly demanded products and services. Steve Jobs understood that U.S. people really like entertainment and software products. They are highly demanded there. Jobs also saw that Taiwanese people are great at making entertainment and software products. They were plentiful and less demanded there. Jobs outsourced the production of the iPhone to Taiwanese company Foxconn to make one of the most profitable products in history. Profit in economics can be summarized as buy low and sell high.
Many people are looking for ways to make more money. Money is a universal value that most people eagerly share. If you are looking to grow your career by being an investment banker, there are multiple helpful tools you can use to begin your journey. What happens with it, of course, is up to you.
Conclusion
Many people want to get wealthy as an investment banker. However, few have access to the social connections and education that most investment bankers have. Thankfully, there are now tools that allow even a poor person to practice the art of investment banking. Whether or not we do so is up to us.
David Milberg is an experienced credit analyst in NYC. He is a long-time owner of Milberg Factors, a factoring and finance company with locations in New York, California, and North Carolina.
