Posted April 22nd, 2009
by admin
wizard101z asked:
Im 18 yrs old and im planning to open a account. But i dont know how banking works. i dont want to ask my parents about banking because i want to surprise them. Pls explain in simple terms how a bank works.
Tags: Dont Know, Parents
Posted in Credit | 3 Comments »
Posted April 22nd, 2009
by admin
jimmy l asked: Hey all,
I have a few interviews coming up for some entry level internships with a few banks (both commercial and investment in divisions such as Operations and Compliance). I am a senior in college.
I was wondering what is a good answer that will score points with the interviewer to the “Why do you want to be in the banking industry?” question.
My answer to this question would be that I like the corporate work environment, set work schedule, offers challenging work, and that the banking industry is something I want to learn more about as a career. Is this a good enough answer and does it sound genuine? Let me know what you guys think. Thanks in advance!
Tags: Banking Industry, Thanks In Advance, Work Environment
Posted in Other - Careers & Employment | 2 Comments »
Posted April 22nd, 2009
by admin
shuang90740 asked:
Do you think this change in the stock market is related to the downturn in banking?
Tags: Banking Crisis, Downturn, Stock Market
Posted in Investing | 3 Comments »
Posted April 22nd, 2009
by admin
S asked:
i want to get into investment banking, and will be applying for universities this year, but i dont want to study the subject in uni. do i have to do a degree in something business related or can i do something like engineering or physics and still get into investment banking? if yes, which is better to do engineering or physics > if you’re planning to go into investment banking after anyway.
Tags: Investment Banking, Physics, Universities
Posted in Higher Education (University +) | 2 Comments »
Posted April 22nd, 2009
by admin
H asked:
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?
Tags: Investments, Lol, Money
Posted in Investing | 4 Comments »
Posted April 16th, 2009
by admin
kiki asked:
I didn’t get anything from my 401k provider, at least not that I know of. Was I supposed to get a 1099 or something?
Tags: 401k, Income Tax, Interest Income
Posted in United States | 4 Comments »
Posted April 16th, 2009
by admin
Kelly D asked:
Here is my question. Say I want to withdrawal a certain amount of money from my 401k after tax money, would I have a penalty in doing so? I am not knowledgeable about this and looking for info.
Tags: 401k, Amount Of Money, Tax Monies
Posted in United States | 5 Comments »
Posted April 16th, 2009
by admin
Leisa asked:
I am with a new employer that does not offer 401k but they are paying higher wages. They said they would be offering 401k this year. In the mean time, what should I do with my 401k? Do I leave it with the company that is already admistrating it or should I roll it over? Can I still make contributions to it? I am new at this. Any suggestions or comments would be greatly appreciated. Thanks!
Tags: 401k, Mean Time, Wages
Posted in Personal Finance | 3 Comments »
Posted April 16th, 2009
by admin
dpesetsky asked: Followup to answer to “Can $12000 per year per child be gifted without inheritance tax even if the money comes from an IRA or 401k?”
Is it state specific?
Tags: 401k, Inheritance Tax, Money
Posted in United States | 5 Comments »
Posted April 16th, 2009
by admin
curious mind asked:
My boyfriend is only 21 years old with a significant amount of $$$ in his 401k and hes thinking about getting a new car. Should he withdraw from his 401k account or get a loan from his 401k account?
Tags: 401k Account, Buy Car, New Car
Posted in Personal Finance | 4 Comments »
