Day in the Life of an Investment Banker - A Good Day vs. Bad Day
I’m a former JP Morgan investment banking analyst (SF office, healthcare coverage, 2015-2018). Thought it may be of interest to some of you to provide an hour-by-hour breakdown of a good day vs. a bad day in banking. This is just based on my own personal experience and every day was pretty different so treat this as a bit of a general overview.
Lost my first job out of school..
I graduated in May 2020 with a BA in Finance with 0 finance experience. I earned my first finance role as a "junior analyst" in January but I was terminated a month and a half in. It was a contract role but was supposed to be temp to hire after 6 months.
Landed a coffee chat with a CEO of a big investment bank. What do I ask him?
I messaged a few CEOs of big investment banks on Linkedin with zero expectations that any would respond. One got back to me, gave me his personal phone number, and said to call him whenever. I am SO excited but am a little nervous about the call. I am just a college student and he is a financial expert worth hundreds of millions of dollars.
Anyone get discouraged when you see that an internship has hundreds of applicants before you?
What the title says. Sometimes I see the number and apply and think yeah I will never get an offer.
Careers for people who like geopolitics, analytics, economics, and finance
I'm a sophomore economics major and minors in math and statistics. I enjoy geopolitics, data analytics, economics, and finance.
The Hardest Financial Skill is Getting the Goalpost to Stop Moving
Please be safe out there everybody. It's fun and exciting and all but remember that there are also times when you can decide that what you have is enough and cash out. If you have millions going into a Yolo, maybe also make sure you keep a bit on the side.
Are there any historical examples of stocks behaving similarly to TSLA for such a long time?
I think (most) people would agree that TSLA is largely overvalued right now and has been for some time. But unlike typical bubble examples, TSLA's price has never really burst like a lot of people expected, and continues to look strong.
Activist hedge fund is pushing Intel Corp to explore strategic alternatives
Activist hedge fund Third Point LLC is pushing Intel Corp to explore strategic alternatives, including whether it should remain an integrated device manufacturer, according to a letter it sent to the chipmaker's chairman on Tuesday that was reviewed by Reuters.
Boeing not even delivering 787s now... when do they run out of cash?
The only airplanes that BCA is delivering right now are 767s, and a very few 737s. Their cash burn has increased in the second half of 2020 because of the issues with the body join on the 787s.
Losses loom larger than Gains
One of the greatest quotes from the legendary Peter Lynch’s book “One Up on Wall Street” is : “Selling your winners and holding your losers is like cutting the flowers and watering the weeds.”
FOMO-The biggest Wealth destroyer in any Bull Market
First step towards wealth creation is to stop buying things you don't need just because you want to show it off to your friends and family. Don't buy anything until you need it or you have solid reason for buying it.
Intel
Hi, I have a few thoughts on intel and would like some discussion around it. I think it's a great long term value investment right now and would input.
DCF Calculator - New Updates!
After a few months of work, updates and tweaking, I'm excited to share a new feature to my site ( dcftool.com ). While an automated analysis is never as complete as a manual one, it does enable screening thousands of stocks instantly.
What is a stock pitch?
Definition: A stock pitch is a short write-up or presentation that argues for or against investing in a public company’s stock, and which is backed by a strong investment thesis, data, valuation metrics, catalysts, and an assessment of the risk factors. You use a stock pitch in the following ways:
What is the purpose of stock pitches?
Personal Investing: If you have a personal trading account and you invest in individual stocks, you can use stock pitches to hone your reasoning and make better picks. On the Job: Finally, if you’re working at a hedge fund or other investment firm, you’ll research and pitch stocks on the job regularly. That is the job!
What is a recommendation for a stock?
Recommendation – State whether it’s a Long or Short (i.e., whether you think its stock price will increase or decrease) and what the company should be worth. Do not give a “neutral” recommendation unless they assigned the company to you.
