There was an older post on WSO where a guy offered $X if someone could get him an IBD job. For this maneuver he was ridiculed by some, applauded by some, and complimented about the size of his testicals by most. Anyway... I would leverage a large portion of it to secure a BB IBD gig in a top group; one that I would most likely not be able to secure on my own, considering my background and lack of contacts.

Another portion would be spent of wardrobe, apartment, etc... things that I will need for my new job. Maybe take my buddies on a trip to Vegas before I start working. The rest would be invested.

Starting a great career (with great future earning potential) and getting money in the markets as young as possible is more valuable than having $1MM in hand. Enough said.

 
Nick Papagiorgio:
There was an older post on WSO where a guy offered $X if someone could get him an IBD job. For this maneuver he was ridiculed by some, applauded by some, and complimented about the size of his testicals by most. Anyway... I would leverage a large portion of it to secure a BB IBD gig in a top group; one that I would most likely not be able to secure on my own, considering my background and lack of contacts.

Another portion would be spent of wardrobe, apartment, etc... things that I will need for my new job. Maybe take my buddies on a trip to Vegas before I start working. The rest would be invested.

Starting a great career (with great future earning potential) and getting money in the markets as young as possible is more valuable than having $1MM in hand. Enough said.

Because you asked "how would you INVEST it?" I guess I take back the part about Vegas. But the rest of it is legit... investing in myself/career.

 
Best Response
Nick Papagiorgio:
There was an older post on WSO where a guy offered $X if someone could get him an IBD job. For this maneuver he was ridiculed by some, applauded by some, and complimented about the size of his testicals by most. Anyway... I would leverage a large portion of it to secure a BB IBD gig in a top group; one that I would most likely not be able to secure on my own, considering my background and lack of contacts.

Another portion would be spent of wardrobe, apartment, etc... things that I will need for my new job. Maybe take my buddies on a trip to Vegas before I start working. The rest would be invested.

Starting a great career (with great future earning potential) and getting money in the markets as young as possible is more valuable than having $1MM in hand. Enough said.

What an asinine answer. Imagine going into an interview and spewing this shit?

 
Nick Papagiorgio:
There was an older post on WSO where a guy offered $X if someone could get him an IBD job. For this maneuver he was ridiculed by some, applauded by some, and complimented about the size of his testicals by most. Anyway... I would leverage a large portion of it to secure a BB IBD gig in a top group; one that I would most likely not be able to secure on my own, considering my background and lack of contacts.

Another portion would be spent of wardrobe, apartment, etc... things that I will need for my new job. Maybe take my buddies on a trip to Vegas before I start working. The rest would be invested.

Starting a great career (with great future earning potential) and getting money in the markets as young as possible is more valuable than having $1MM in hand. Enough said.

I have a bridge to sell you

 

I should clarify, I am referring to how would one would invest it in the markets. I recently received this question in an asset management interview. I think the number asked was more like $10 million. It was after the stock pitch question. I don't think I answered it well, and am interested in knowing how some investment professionals would strategically approach such a question in terms of diversification, etc.

Obviously, personally, my first instinct is to pour the money into the Korean People's Army for the liberation of our 10,000 li motherland of beautiful scenery from the chain dogs of imperialism, but I don't think that's what the interviewer wants to hear.

He severed the chains of the masses, brought them liberty, The sun of Korea today, democratic and free. For the Twenty Points united we stand fast, Over our fair homeland spring has come at last!
 

On a related note:

It is 1933. You are in Berlin, Germany. somehow, you find yourself in a position where you can effortlessly steal Adolf Hitler's wallet. This theft will not effect Hitler's rise to power, the nature of World War II, or the Holocaust. there is no important identification in the wallet, but the act will cost Hitler forty Reichsmarks and completely ruin his evening. You do not need the money. The odds that you will be caught committing this crime are less than 2 percent.

Are you ethically obligated to steal Hitler's wallet? Would you steal Hitler's wallet?

 
gsduke:
On a related note:

It is 1933. You are in Berlin, Germany. somehow, you find yourself in a position where you can effortlessly steal Adolf Hitler's wallet. This theft will not effect Hitler's rise to power, the nature of World War II, or the Holocaust. there is no important identification in the wallet, but the act will cost Hitler forty Reichsmarks and completely ruin his evening. You do not need the money. The odds that you will be caught committing this crime are less than 2 percent.

Are you ethically obligated to steal Hitler's wallet? Would you steal Hitler's wallet?

That's the kind of question where you just look at the interviewer and say to yourself, "really, this is what it comes down to? I don't need this job that fucking badly..."

 
rebelcross:
gsduke:
On a related note:

It is 1933. You are in Berlin, Germany. somehow, you find yourself in a position where you can effortlessly steal Adolf Hitler's wallet. This theft will not effect Hitler's rise to power, the nature of World War II, or the Holocaust. there is no important identification in the wallet, but the act will cost Hitler forty Reichsmarks and completely ruin his evening. You do not need the money. The odds that you will be caught committing this crime are less than 2 percent.

Are you ethically obligated to steal Hitler's wallet? Would you steal Hitler's wallet?

That's the kind of question where you just look at the interviewer and say to yourself, "really, this is what it comes down to? I don't need this job that fucking badly..."

hahaha this would be a dick interview question. i'm just curious about WSO's response

 

Yeah I thought the point of a job was to get paid. Not to pay out of your own pocket to do the work...

To answer the actual question...I would trade equity and commodity derivatives. I Have some pretty good strategies that returned 60% last year. I'd want to explore those a bit more and tweak them.

-MBP
 
manbearpig:
Yeah I thought the point of a job was to get paid. Not to pay out of your own pocket to do the work...

To answer the actual question...I would trade equity and commodity derivatives. I Have some pretty good strategies that returned 60% last year. I'd want to explore those a bit more and tweak them.

^I would do this as well^

 

Funny stuff, but back to the original question, anybody have any advice how to answer this from a perspective of investing in the market / portfolio theory?

He severed the chains of the masses, brought them liberty, The sun of Korea today, democratic and free. For the Twenty Points united we stand fast, Over our fair homeland spring has come at last!
 

If I had the correct way to get into a fund / direct investment (which wouldn't be easy)... I would invest it into residential real estate in mainland China... particularly outside of first tier cities in smaller, regional commercial centers.

 

I would open a trading account at 4:1 leverage. This extends buying power to $4M. If I can return 10% a year, that's $400K.

To those who would just use the money to buy an ibanking job, you're the reason banking salaries will eventually get crushed. Not only are you willing to pay for a job, you'll certainly work for less. You don't need to be an economist to figure out what that does to an occupation.

Stop chasing unrealistic BS and learn how to invest and become an entrepreneur. Stability is nice but once you've paid off the student loans, grow a set and sell something. It's the only way you'll ever be happy and wealthy. You're the boss and you can live like a king outside of NY or SF.

 

Guess nobody really got the point of this thread

He severed the chains of the masses, brought them liberty, The sun of Korea today, democratic and free. For the Twenty Points united we stand fast, Over our fair homeland spring has come at last!
 

How many of these topics can we get in one year?

I've got an idea for a new one: If I gave you TEN million dollars, how would you invest it?

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

I guess the first question would be what parameters am I given. "Hand" is a relative term which can mean lent and require interest repayment on return of principal. Also what time horizon do I have to work with as well as restrictions on investments. Lastly, is there a performance incentive?

Not that I am an interview expert but maybe the purpose of the question was to analyze your thought process instead of actual strategy for investment return, after all that's what strategists and fund managers are for.

 

Low risk? Diversify amongst different sectors and focus on stocks with strong dividends. Leave a small portion as cash.

High risk? Gamble on marijuana stocks and hope I'm right

Frank Sinatra - "Alcohol may be man's worst enemy, but the bible says love your enemy."
 

no idea, but please do me a favor and deliver this message to Duke's Office of Admissions and Financial Aid: If I had a million dollars, I'd invest it in Columbia University and name a building after me, because Duke's financial aid gave me $0 back in high school (not that I was gonna go there anyways) :D

Thanks buddy.

 

I would buy some lambos.

-------------------------------------------------------- "I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcom
 

Ut similique amet nobis eligendi maxime iusto est. Dolorem molestias veritatis molestias id. Quia autem natus beatae. Itaque molestiae ex eaque.

--There are stupid questions, so think first.
 

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Laudantium mollitia atque voluptas fuga architecto autem. Eius fugiat quia ex officiis. Voluptatem laboriosam beatae doloribus quos consequuntur. Dolorem modi ea repellat ipsum sed. Autem at perspiciatis quia et maiores in voluptas.

Ipsam minima in doloremque natus et ex. Est beatae ea voluptate voluptatem dolores error ea. Id autem neque ut ea. Est sed omnis quasi perferendis.

Eos possimus laudantium iste aliquid eum sequi. Labore ipsa temporibus quia eos consequatur alias minus. Sint ut perferendis impedit doloremque deleniti in.

 

Non harum impedit rem pariatur. Ut quia officia suscipit. Amet ea perspiciatis tenetur sit. Autem ab est illo et. Incidunt culpa aut totam assumenda ad rem nihil. Rem laudantium consequuntur qui porro cupiditate sequi.

Facilis commodi autem eligendi qui dolorem rerum quaerat ipsa. Reiciendis exercitationem non at ut minus. Laudantium adipisci ad consequatur et eaque libero. Maxime incidunt officiis illum inventore quos debitis voluptas labore. Assumenda ipsum perferendis molestias eum dolorem. Ut et impedit magnam eius dolor magni autem. Quis cumque dolor vitae qui commodi.

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