Where to invest - restrictions in IBD/PE
Hi Guys,
I will be moving from EB in continental europe to BB in London in the foreseeable future and one of the major issues I see with banking is that it heavily restricts you on what to invest what is limiting your returns potential. For instance at my previous place I was prohibited from investment in goverment and corporate bonds among others. I wanted to ask you:
- what are you investing in while in IBD other than real estate and gold, are you allowed in the UK to invest in ETFs other than the ones on ISA (that I understand is capped to 20k)? Single stocks are never an option in IBD I understand
- is it true that you can invest max in ISA 20k pounds, it's not possible to invest more even if taxed?
- does PE side look better in terms of investments, for instance can you buy while working in PE single stocks after approval? How about government and corporate bonds?
Thanks a lot!
King Kong
It's really bank dependent, they will have a training as well as a portal to pre-clear investments that will auto accept or auto reject your trades.
Broad-based ETFs are usually okay... buying the HC sector ETF when you work in healthcare, not going to be approved. Bond ETFs are more than likely fine.
Most PE firms do not have any trading restrictions beyond the obvious ones - no trading in any public stocks you have info on.
Following
Following
Lever up to the gills to participate in your firms co-invest program. Nothing could go wrong.
I’m mostly allocated to various funds we manage and broad public market ETFs. Would I have wanted to have dumped everything into NVIDIA? Obviously, but with your comp trajectory just dumping everything into VTI will get you to great place over 20 years.
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