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Gots me a job

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June 09, 2011 – Comments (28)

I got a job as a personal banker.  Nothing too exciting, but its a start.  Making way more than the average personal banker.  I am not sure if I should say what bank.  Even though I will get a bunch of training and it is not stock-related, I still feel as though these boards helped keep my interested in all things finance which will help me with my career.  So, thanks guys.

28 Comments – Post Your Own

#1) On June 09, 2011 at 11:06 AM, Valyooo (99.34) wrote:

Also I hit my caps goal of 99.70.  My next goal is to make Babo bow to me ;-P

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#2) On June 09, 2011 at 11:09 AM, TMFBabo (100.00) wrote:

Congrats! Your CAPS performance has been impressive.  I'm getting my butt handed to me by a bunch of people (I see you all).  I'm currently some form of barely net long or barely net short in CAPS.  Remember, my green thumbs on dividend payers count as bearish calls in my brain.  Until I take a more directional approach, others will continue to gain ground...

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#3) On June 09, 2011 at 11:13 AM, chk999 (99.97) wrote:

Excellent! I hope it works out very well. Are you going to get an RIA ticket?

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#4) On June 09, 2011 at 11:17 AM, Valyooo (99.34) wrote:

I start off getting my 6 and 63, then move ot my 7.  I will probably get RIA on my own in about 2 years.  But I dont know much about it

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#5) On June 09, 2011 at 11:25 AM, catoismymotor (44.05) wrote:

I am not sure if I should say what bank.

I used to be in banking, too. To this day I will not say which institution was my former employer. I advise you to keep that detail to yourself.

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#6) On June 09, 2011 at 11:26 AM, catoismymotor (44.05) wrote:

Oh, and congrats on the job!

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#7) On June 09, 2011 at 11:45 AM, L0RDZ (82.66) wrote:

Personal banker ??? sounds a little  weird...    your not a teller are you....  lol...

 

 

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#8) On June 09, 2011 at 11:58 AM, L0RDZ (82.66) wrote:

Please don't steer your clients into crazy 5-6%  front load mutual funds with  crazy 3-5 %  management fees...

 

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#9) On June 09, 2011 at 11:59 AM, whereaminow (20.34) wrote:

Congratulations!

David in Qatar

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#10) On June 09, 2011 at 12:02 PM, ajm101 (31.82) wrote:

Congrats!

ps, catoismymotor just gave you some _exceptional_ free advice.

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#11) On June 09, 2011 at 12:24 PM, DaveMarcus82 (30.02) wrote:

An inspiration to us all! Since joining I've also become more finance savvy than ever, and have discovered so many varied, intelligent, and interesting Fools out there. Good luck to you!

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#12) On June 09, 2011 at 1:32 PM, Valyooo (99.34) wrote:

Thank you all very much.  And cato, you are absolutely right.

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#13) On June 09, 2011 at 1:47 PM, TheDumbMoney (38.17) wrote:

Awesome, congrats!

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#14) On June 09, 2011 at 2:12 PM, Teacherman1 (58.03) wrote:

That's great Valyooo. Congratulations.

You should meet a lot of interesting people in that position. Of course, you will meet some you wish had never come around. The variey makes for an exciting experience.

I will watch with interest ( to the degree you share your experiences with us ), as you progress through your career.

Just remember, confidential information should stay that way.

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#15) On June 09, 2011 at 2:18 PM, awallejr (85.49) wrote:

Way to go, now open that IRA.

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#16) On June 09, 2011 at 2:22 PM, goalie37 (91.04) wrote:

Congrats!

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#17) On June 09, 2011 at 2:49 PM, catoismymotor (44.05) wrote:

Although my grammer was terrible in #5 I am happy that my advise was correctly translated.

Being in banking you find yourself exposed to a wide variety of negative elements: Nuts to violent robbers. My least favorite part of going through the company training was lead by a security officer. The senarios she spelled out for us were unnerving, although infrequent. It is extra important, if you frequent sites like TMF, to not let slip where you work if you are in the financial industry. Never do it. Never. Nope, not even then. You open yourself to added risk that is not worth it. When pressed I tell people I used to work for HTB (Hostile Takeover Bank).

I agree with awallejr about the IRA. I recommend the Roth variety because of the future tax savings.

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#18) On June 09, 2011 at 3:50 PM, Valyooo (99.34) wrote:

I am gonna skip the IRA, and just do the 401k for whatever they will match...the rest of that money I want to go towards a house for now.

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#19) On June 09, 2011 at 4:16 PM, catoismymotor (44.05) wrote:

the rest of that money I want to go towards a house for now.

Fud Fer Thawt: You can draw against the IRA for the downpayment on your home with few to no penalties.

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#20) On June 09, 2011 at 4:18 PM, lemoneater (81.81) wrote:

Very glad that you got the job! Keep us posted with what you are learning--confidential information aside. I'm very proud of you:)

This is a buyer's market right now for housing. Hope that you find just the right one. (Be sure to avoid purchasing any home located in a flood plain or infested with termites. Buyer beware is particularly true in home purchases!)

 

 

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#21) On June 09, 2011 at 4:28 PM, outoffocus (22.76) wrote:

Congrats. I'm going to study for my 6 and 63 as well.

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#22) On June 09, 2011 at 5:00 PM, TheDumbMoney (38.17) wrote:

When you buy a home, pay for every inspection.  Be very wary of a broker who does not encourage inspections.  When I bought mine last year, I even paid for a sewer inspection, for example.  A general home inspection does not cover that.  And check all permits.  If you're really nuts you do soil tests.  Sound nuts?  I have friends who bought a house with a guest-house.  It turns out the guest house was built on a rubble foundation, and that the "sewage line" leading out of the guest-house was a pipe that dead-ended over the edge of a nearby hill, on the property, and the sewage on the main house had to be completely replaced, and about fifty other things were wrong, even though the actual house looked beautiful.  Pay for inspections.

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#23) On June 09, 2011 at 6:03 PM, ChrisGraley (29.64) wrote:

Congrats V!

 

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#24) On June 09, 2011 at 8:17 PM, HarryCarysGhost (99.70) wrote:

Congrats man.

(and yes, your still beating me in our contest : )

 

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#25) On June 10, 2011 at 12:15 AM, dwot (40.39) wrote:

Congrats!  I got my first job in a bank as a teller when I was 17.  It was actually a tiny credit union, only 3 staff so I had the opportunity to learn tons as I had far more responsibility and jobs then just customer service.

I worked in banking for about 5 years before I went to university.  I ended up leaving banking because I got to the point I was paranoid every day I went to work.  I was held up 3 times and I'd watch men that came into the bank that I didn't know as customers like a hawk, but then my friend that worked at a bank up the street got held up by a woman and that was it for me. I was literally tense at everyone that came into the bank that I didn't recognize after that.

Two of the bank robberies were pretty mind and actually one of the two the guy was so quiet making his demands, the rest of the staff didn't even know we'd been robbed.  But the one was terrifying, yelling screaming, making us lie on the floor, count to a hundred, two of them and the one looking like he was ready to shoot any second...

Stinking cheap lowlife bank, I was very tramatized by that event and even to this day I still do a double take around police officers because of the gun they carry and I got a whole $25 danger pay for what I was put through...

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#26) On June 10, 2011 at 1:36 AM, awallejr (85.49) wrote:

Way to make Val comfortable there Dwot lol ;p

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#27) On June 10, 2011 at 2:00 AM, JakilaTheHun (99.93) wrote:

Congrats!  Hope it works out well.

I will have to re-enter the job market myself within the next year.  I'm working on my MBA right now. 

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#28) On June 10, 2011 at 8:48 PM, ChrisGraley (29.64) wrote:

Nevermind dwot, Valyoo.

You don't have to worry about that anymore. The bank's vaults are really empty and thanks to mark to market accounting the only real money that they have is on accounting statements and that isn't real money anyway. 

;) 

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