Curious to know, outside the 80 - 100 hours in office, what other side hustles you wso monkeys are engaged in in a meaningful and material manner?
One thing I've observed is that very few folks around me, despite all being well trained (or claim to be) to analyze and value companies/industries, etc, actually put in real effort into, for example, managing personal finance - obviously within the boundaries of compliance at individual banks/firms.
Just to get the discussion started, my side hustle is that I've managed to build up a stock portfolio with invested capital of c. US$1 million, comprised of equally weighted ~25 high quality dividend paying stocks. Goal is to compound the invested capital by 7 - 8% p.a. through both dividend reinvestment and additional cash from salary/bonus income (you got it, target to double the capital in 9 - 10 years from today). Have done a lot of work in terms of understanding the individual stocks and the industries they are in which is frankly the most interesting and motivating part of doing this, over and beyond the returns / dividends I have received. Keen to have an opportunity one day to run the portfolio full-time, and get out of a process/deal-driven position like IB or PE.
Welcome to share your stories, thoughts or comments.
If you want to get out of PE/IB using your cash, then I think moving into getting involved with early stage startups where your experience comes into play could be something cool just term. It allows you to get more value for your dollars invested if that makes sense?
Just some food for thought. :)
Thanks for the comment.
I've grown a bit skeptical towards joining start-ups at my current stage - not like I'm already loaded/can absorb all the down-side - after seeing a few friends who left banking to chase the startup frenzy and unfortunately ended up getting nothing after their companies failed. Though curious to know what you mean exactly by "allows you to get more value for your dollars invested".
Whole purpose of me trying to build and grow my portfolio on the side is to provide an alternative passive income stream that will give me a sense of comfort and security. I enjoy the "pain and gain" so far, but understand if I want to do it full-time or more professionally, probably need capital 10x what I currently have to make it meaningful.
I work nowhere near those hours, but apart from acquiring skills and knowledge to get into IB, I like to translate and write a little on the side. Not very lucrative, but its nice to do something different.
I swear I am not trying to be T.S. Elliot, bank by day, write by night.
Probably no one's business, but how did you squirrel away $1 million already? (from the 80-100 hour week comment, I'm guessing you're still analyst/ associate).
Separately, I'd rethink your allocation to dividend payers, given your income and horizon. That's a needless and expensive sharing of your returns with Uncle Sam.
OP's the guy who made the post about getting a $175,000 bonus as a 2nd year analyst. Grain, salt, etc.
Forget about the other post which is obviously not true. Did it after a bit of bottles. Regretted it as I'm getting too many monkey shits and have been downgraded to monkey level...
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