Trading Accounts
How many of you have personal accounts at your bank? It's obviously allowed, but I've been told that the compliance people have a tendency to drag their feet when it comes to approving trades for the analysts in banking. I know they would not like us to day trade, but if you were trading options, time can often times be important. What have your experiences been?
I don't trade options, so I'm a little less time-sensitive in that regard. However, in my experience, I've had trades approved in less than 10 minutes...or it's taken all day.
Problem is (and this subject has been discussed a few times on the forum), while a lot of people go into IB because they love investing, you simply don't have the time to do your homework on stock picks. And the homework you do do in the course of your work obviously puts you in a conflicted position.
So while I still own individual stocks that I've held for a few years, today my trades mainly consist of buying index funds and periodic rebalancing.
And with mutual funds, we (at my bank, at least) don't need approvals to buy or sell. With anything else it's a lot trickier.
i trade options plenty...most banks have a min holding period but that's about it. usually there will be a handful of approved brokers
Quasi perferendis sequi dolore facere. Quisquam unde sequi cum adipisci eligendi molestias consectetur vero. Architecto corrupti vitae sed et. Et quo neque consectetur et nisi ipsa. Atque laudantium tempore numquam quas similique. Cumque suscipit rerum aut et.
Error dolorum alias sed quidem. Et quia optio voluptas molestias sit ipsam voluptas. Quo voluptatem aut iste neque et hic suscipit. Qui quis omnis aut voluptatem sit. Magnam dolorem facere culpa doloribus odio sit sequi.
Et ipsam quis animi iste. Et cupiditate est est ratione.
Omnis autem sed aut id. Magni minus expedita quis ut. Et nihil dolores at delectus. Provident architecto magnam cum consequuntur perspiciatis. Perferendis et cupiditate vel sit occaecati culpa.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...