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re: 47 and burned out
Posted on 2/20/15 at 10:59 am to cwill
Posted on 2/20/15 at 10:59 am to cwill
I'm not an I banker. I've already stated that in this thread. As a commercial banker, we work with those guys, so I know what goes on and I don't have the drive to make a career out of that. I respect the ones who do, but spending 30 years in IB seems like it would lead to early onset balding and a shortened lifespan.
1
Posted on 2/20/15 at 1:26 pm to TheHiddenFlask
"The head of my investment bank" was misleading. I agree with you though fyi
Posted on 2/20/15 at 4:32 pm to raw dog
I could see that. He was the head of i banking for my company. I should have stated it like that.
Posted on 2/20/15 at 6:53 pm to FlowMaster
quote:
Schex, i am a field examiner in the asset based lending area
You have seen a lot of interesting businesses I suspect as a field examiner.
Which one did you like? Think about that--maybe a job in the industry of some of your customers would be good for you.
Posted on 2/20/15 at 7:48 pm to ChiefBowman
quote:
and do what with your days though? doing nothing gets boring really quickly
My retirement plan is not to sit around all day, but to do something I enjoy. Volunteer, do random acts of kindness, maybe even some different kind of work for a few years.
I get bored right now pretty easily, so I will always need to be active doing something.
Posted on 2/21/15 at 3:57 pm to kywildcatfanone
Keep irons in the fire in the form of businesses and investments. Just cut back and relax and vacation your arse off as well.
Posted on 2/21/15 at 10:26 pm to FlowMaster
the lord is my provider.
step off the edge.
i did the big leap and have NEVER had a regret!
step off the edge.
i did the big leap and have NEVER had a regret!
Posted on 2/27/15 at 10:05 am to blackjackjackson
What I'm starting to realize is how hard it is to be motivated and have purpose if you don't have a wife/girl who is suppourtive 100%. For a career like I banking you need a special woman.
Posted on 2/27/15 at 10:24 am to Statsattack
quote:
if you don't have a wife/girl who is suppourtive 100%. For a career like I banking you need a special woman.
truth was just typed by statsattack
Posted on 2/27/15 at 10:52 am to Big Scrub TX
I don't necessarily blanket agree with hidden flasks first point. If indeed he has one of the big banking jobs that has a high level of burn out, there are plenty of places that move at a slower pace, with lower profit. There are people that understand that story and value the talent and experience, comes a price though.
I wholeheartedly agree with the second point and in no way do I find it ridiculous. In the corporate world, there is a perception of ability by how you carry yourself. It is why you can almost tell where someone works in the field by how they dress. A face tattoo cuts against most everything that clientèle is looking for.
I wholeheartedly agree with the second point and in no way do I find it ridiculous. In the corporate world, there is a perception of ability by how you carry yourself. It is why you can almost tell where someone works in the field by how they dress. A face tattoo cuts against most everything that clientèle is looking for.
Posted on 2/27/15 at 10:56 am to Statsattack
Statsattack, what you say could not be more true. Long hours and potential travel require someone who shares your goals. That being said, everyone's goals change as they age. That is a big part of the challenge and why a lot of people don't stay on the whole ride.
Posted on 2/27/15 at 11:13 am to Cypdog
quote:
there are plenty of places that move at a slower pace, with lower profit.
Not necessarily. Learn to handle your own money instead of handling deals for others. Not only will you be a lot more interested, it's a lot more fulfilling.
Posted on 2/27/15 at 1:35 pm to LSU0358
I meant that in terms of job intensity. There are some that value the same skills and are less intense. Generally the rewards for those jobs are also less.
Posted on 3/1/15 at 8:54 am to Cypdog
I know most people don't stay for the whole ride. I thought the "plan" is doi I banking for 3-5 years get mba than do private equity or work with a hedge fund ideally.
I figured out females want the tittle, potential money and the glory of a guy in pe, I banking , VC , hedge funds etc. Most females don't want to or aren't capable of handling the risk and crazy life style those jobs entail. How do you tell your wife I run a hedge fund but let's live in a trailer just in case I have a investor who refuses to pay?
I figured out females want the tittle, potential money and the glory of a guy in pe, I banking , VC , hedge funds etc. Most females don't want to or aren't capable of handling the risk and crazy life style those jobs entail. How do you tell your wife I run a hedge fund but let's live in a trailer just in case I have a investor who refuses to pay?
Posted on 3/1/15 at 9:39 am to Statsattack
quote:
How do you tell your wife I run a hedge fund but let's live in a trailer just in case I have a investor who refuses to pay?
I'm looking at starting a business where I manage individual accounts, this is a worry of mine. I'm leaning towards a formal contract spelling out terms, incentive fees, etc to avoid people not paying up. If they don't pay up to agreed amount, it's off to court we go.
Posted on 3/1/15 at 5:12 pm to LSU0358
I'm Jewish so if you need advice on how to be super cheap let me know. The key in starting a business outside of gambling on innovation to not waste money on things you truly don't need.
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