Investment Bankers Are Salaried Employees

Best Answer: Investment bankers are salaried employees, not hourly employees. Only hourly employees have a set quantity of hours they are required to work. A salaried employee if paid a set amount to do a working job. If a salaried employee can do the job in 20 hours a week he only must work 20 hours a week. If it takes him 80 hours a week to do the job, he works 80 hours a week with no overtime pay. If a salaried employee can get the job done without working weekends, he does not have to work weekends.

1. After maxing out my 403(b) contributions investable cashflow from salary is a lot reduced. 2. Tax is payable whether a cash payout is received or not. So by using this money to purchase new investments is more taxes efficient than offering existing investments. 3. There is absolutely no discount for reinvesting the distributions and no fill for new finance investments so no actual costs to the choice.

4. The Australian Dollar happens to be strong and the US Dollar weak. I wish to increase US Dollar investments. I can simply transfer this money back to the US for investment. Actually, that is exactly what I plan to do. Up till now I have been using Australian dividends received to reduce my margin loan with Commonwealth Securities.

  • Getting to Retirement WITH REDUCED Financial Risk
  • Systems resources
  • Mixed, System-Wide, Inside-out & Outside-In Approach
  • Markets are competitive (competitive financial marketplaces)

I need to send my request in writing. The next distribution reaches the final end of March – some money have quarterly and some half-yearly distributions. I am still reinvesting my dividends from Telecom New distributions and Zealand from Everest Brown and Babstick, the TFS Market Neutral Fund and the Hussman Strategic Growth Fund.

My other Australian investments don’t allow dividend reinvestment by foreign traders. I’m not thinking about changing these instructions at this time. Posted by mOOm at 9:26 am No remarks: Email ThisBlogThis! Got back Friday from an extended trip to Vermont and am waking up to speed – the coming week will be spent mainly on arrangements for teaching the next semester. Good news is that Thursday I acquired an e-mail from my attorney that she has received the documents to go to another stage in my green card program – the actual program for the visa itself. The process started in 2003 and looks like being finally concluded this year.

With a green credit card I will have much more freedom of work and location than I really do now as an H1-B holder. For Feb described the basic layout of the monthly claims The regular monthly report. This month there is a new line for “tax credits”. The existing (non-retirement) investment comes back are reported on the pre-tax basis.

Part of the full total return on investment includes international (mainly Australian taxes) paid on dividends. I get to state these on my annual US taxes go back. The “current other income” includes my net tax refunds (this category is mainly salary). If it wasn’t for these credits my reported “other income” would be lower as my goverment tax bill would be higher.

Up till now I have been doing a kind of double-counting on these reviews and slightly exaggerating my real saving and income. For as soon as I’ve chosen to compute conserving by deducting both costs and tax credits from total income. I assume I should report all income on the pre-tax basis and then include a comparative series for fees.

This would mean changing my accounting systems to really record revenues monthly and then include things like health insurance in spending. At this time my reported salary statistics are collect pay in the end deductions. 3,290) which is a lot reduced due to maxing out my 403(b) contributions from this month forward. 1,180) higher the following month. Investment return in US Dollars was 2.21% vs. The profits on all the individual investments are online of forex movements.