By: Adrian Khiat
It was about a year ago when I still wondering why the Finance Sector needs so many people and so many people still earns so much money. I have a few friends working in some investment banks and I was quite envious seeing them earning over $10k/month with 6-8 months bonus. They always meet in lavish locations for dinner and broke my wallet. I decided to avoid them because frankly, I don't have money to enjoy life like them and I felt inferior because I was then an Insurance adviser earning a fraction of their. I just couldn't figure out where the money comes from?
With the type of Crisis that we see in the Financial Sector, I got my answers. Its the creativity of the Financial Institutions and greed of the people by packaging new financial products and sell around the world. Each time each financial package was sold, there are huge commissions and brokerage earned. So much money was poured all over these fund managers and bankers and now its finally payback time. No matter what happens, they had already earned the all the money they need.
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Anyway, just like to add more into my previous posts,
I wrote something about it in March and I didn't expect things to turn out this way at that time. Read more...