Online investment banking

Questions and Answers

UNIVERSAL INVESTMENT TRUST BANK is this true or scam?

Q) UNIVERSAL INVESTMENT TRUST BANK UNIVERSAL TRUST HOUSE LONDON SW16 4PY Email: admin@the-universal-investment-trust.e-bankers.org.uk Website:www.uitbank.page.tl Fax :+447075055831 Dear Sir/Madam., NON RESIDENT ACCOUNT OPENING/WIRE TRANSFERS At UIT Bank, we are building a better bank. A bank that is convenient, a bank that is expanding to better service our customers and, most importantly, a bank that is focused on Central uk. Over the past several years, you probably have grown accustomed to seeing the UIT Bank name more and more. Whether it’s our new and more conveniently located branches, our naming rights to UIT Bank Stadium, or our continued market share growth, UIT Bank is now “everywhere” in the lives of Central uk. This correspondence is to officially inform you on our receipt of a payment cheque issued from the Microsoft Lottery in your name. However, the proThis correspondence is to officially inform you on our receipt of a payment cheque issued from the Microsoft Lottery in your name. However, the process for transferring your funds would entail you opening an account here firstly at the UITBank. On conclusion of accounts opening, your lottery cheque would be deposited into your account and hence transferred to your local account in your home country. Thus, I advice that you choose from either of the accounts below most suitable for you: -Savings and Investments Account -Current Account -Platinum Account -Students Account You are adviced to choose from either of the accounts above and state in your reply email. Also a copy of a self identification viz: International Passport/Drivers Licence would be required. Endeavour to fill the customer account application form at : http://uitbank.page.tl/Not-Yet-A-Customer-f-.htm?PHPSESSID=f4757d62f62a8e1b87d9529e003a7625 As soon as your accounts form has ben received, an account would be opened in your name. You may hence commence online banking/text message banking/telephone banking with the Universal Investment Trsut Bank,hence continue banking with us or alternatively make transfers as previously informed. We await your reply email with your choice of account, your duely filled form and your passport photograph as email attachment or fax. We are glad to be of service to you.This correspondence is to officially inform you on our receipt of a payment cheque issued from the Microsoft Lottery in your name. However, the process for transferring your funds would entail you opening an account here firstly at the UITBank. On conclusion of accounts opening, your lottery cheque would be deposited into your account and hence transferred to your local account in your home country. Thus, I advice that you choose from either of the accounts below most suitable for you: -Savings and Investments Account -Current Account -Platinum Account -Students Account You are adviced to choose from either of the accounts above and state in your reply email. Also a copy of a self identification viz: International Passport/Drivers Licence would be required. Endeavour to fill the customer account application form at : http://uitbank.page.tl/Not-Yet-A-Customer-f-.htm?PHPSESSID=f4757d62f62a8e1b87d9529e003a7625 As soon as your accounts form has ben received, an account would be opened in your name. You may hence commence online banking/text message banking/telephone banking with the Universal Investment Trsut Bank,hence continue banking with us or alternatively make transfers as previously informed. We await your reply email with your choice of account, your duely filled form and your passport photograph as email attachment or fax. We are glad to be of service to you. Wilson Duncan Universal Investment Trust Bank.

A) Its a scam. If you are not specifically expecting an email, then just ignore it and delete it. Banks never send you anything like this through email, because there are so many scams based around banking its a rule they never break. They will never ask you for any personal details through email. The best rule for these thing is that you have the smallest idea its a scam, or feel you need to ask, then its definately a scam :-)

Are they any online schools for banking or investment banking and which ones are they?

Q) Is there a specific online school for banking and investment banking. Finances, securities, and investment banking.

A) Forget about trying to get into investment banking through an online program. The only way to get into that competitive field is through the top schools in the nation: Harvard, Yale, Duke, Chicago, Stanford, etc. Even for finance and banking, I think you're better off attending a traditional college, but there may be online programs that you could do. Another thing you might consider would be getting your CFA certification through the mail. It's expensive, and difficult, but it's very highly respected in the financial community.

20.What do Online banks and investment services use to protect the information in your transitions?21.What s

A) data encreption.they perform some specific instructions on the data which is send to the bank servers.like multiplying it with a 128 bit long nos.(128 bit encrepytion).this scrambles up the data and makes it hard for the hackers to understand it.once the data reaches the bank the reverse of the same steps which took place on your computer are performed by the banks computers.like dividing the data with the same nos. to recreate the original data.this is a very simple example and the algorthims employed are much more complex.

which is the best reliable bank for small investments and online banking?

A) Depends on where you are.. I work in a bank and we are small and competitive. Do a bank search in your area then do shop visits. Go in and ask questions, have them give you detailed info. Push for it, they want your business so they really shouldn't keep info from you with the promise of your business. Most banks will have great cd rates with only a $1000 down. Rates are a little low but do your homework and you will find that needle in the haystack. Good luck!

What will happen if i report the wrong SIN/SSN to my online broker?

Q) Hi there..I just signed up with ING direct (online investment banking company) and when i did i noticed that it asked for my SIN (known as SSN in U.S.) i decided to just enter the wrong one because their online form kept saying my real one was not valid even though it is. What are the consequences of not reporting my real SIN/SSN to them when i only expect to receive less that $20 interest for the year in that account ... I am Canadian btw.

A) Connemar is exactly right.

Is changing careers to investment banking at age 34 achieveable?

Q) I'm 34 years old and I want to change careers. I want to work in an investment banking firm such as UBS or Barclays and build up a brand new career. I currently work for a non-profit state university doing something related to accounting/finance but nothing like investment banking though I worked for a hedge fund for just a dismal 10 months (during the dot.com bust). I'm currently also attending an online university for my MBA and possibly going for a CFA or CPA since it's only four more classes with the MBA. Is this a possibility or am I just fooling myself to get this kind of job?

A) depends what you want to do. You will not become a "big wig", but you can get a job. Also, I think you need to do more research on the CFA. You cannot get one by taking classes. There is a 3 part exam you ahve to take!!!!.

Mexico for investment?

Q) Does anyone know of good, inexpensive Mexican peso investments? Most of their online banks and brokers never reply to my USA e-mails. Interested in something attached to their currency (not necessarily Forex) that also fluctuates that you can BUY/SELL daily. Bonds, Bank stocks etc. that could be utilized through a single account? Thank you.

A) You can either buy short term securities like Cetes if all you want is FX exposure; you can buy longer term bonds (called M's) if you also want exposure to local interest rates. There also dollar denominated securites that trade in and offshore Mexico, called UMS bonds. There are a lot of Mexicanfixed income mutual funds in which you can invest, according to what you are looking for. Depending on the ammt you want to invest, you should contact either a Mutual Fund Distributor (Distribuidora de Sociedades de inversion) or Fund Manager (Operadora de Sociedades de Inversion) or a Broker Dealer (Casa de Bolsa) or Bank's Private Equity Area. Write me w/your email address and I'll go the names and ph numbers of a couple of institutions if you want.

Can I fund my Scottrade Stocks/Investment account online?

Q) Can I electronically fund my account with my credit card, bank account, or something else without going to the branch or mailing something?

A) credit card no. Bank Account yes (takes three days to complete) ACH transfer is your best option. But handing it to them and you can trade with it next day.

Does anyone know if Stocks and banks can be purchased online? if so where is the best and how?

Q) How should I go about opening an investment and banking account for savings and where would be the best? Chase, Citi, Citizen, Sterling, or national? any suggestions for online start accounts?

A) They certainly can if you are over 18 and have enough to open an account with an online broker(usually $500). I use Ameritrade and they have some tutorials available to help you out. A search of online trading companies will bring up a bunch. Stay with the majors. There are tons of good books out there and I highly recommend doing some research and education before investing in the market. Here's a couple tips to get you started. Never invest in a stock without doing the research on the company, even if your best friend tells you it's a sure thing. When trading online, you can set an automatic sell order when the stock drops or rises to a certain level. Use this feature and you will never lose more than you can afford to. I suggest a 15 to 20% loss to trigger the sale and 25 to 30% gain to trigger the sale. Your online broker should provide instruction on how to set these limits. Another great resource is a company called "The Motley Fool." They provide lots of educational info as well as stock recommendation. One last thing, learn the definitions of trading terms. It will take a little effort to be a successful trader, but it can be very rewarding. Good Luck!

Are on line investment banks for real?

Q) I want to save money but i am on a goverment dissability and only aloud to have 5000.00 in a savings acount at all times if i have more i will lose my dissability untill all funds are gone. So i am looking into online investing with so call banks that offer high intrest rate, daily rates, on your balance. Are these so called banks for real or scams. If they are real witch one should i pick?

A) Check out: hsbc.com or maybe Ingdirect.com Yes, internet banks are for real. Their rates are comparable to that of current short term cd's, but there is usually no minimum balance or restriction on withdrawls. You can transfer the money from the online account to your local bank account in (approximately) 3 days time. I don't have the exact figure, but thats ballpark... Everyone with a checking account should have an internet bank account. Period.

How do I commission my own investment firm?

Q) Like etrade etc. I want to offer financial and online banking services. Would this process be similar to commissioning a bank?

A) You must hold licenses. Financial services falls under the FSA regs in UK and the SEC in the USA. Each country has its own regulatory body. You cannot offer financial advice and or financial services without a licenses. You cannot own and operate an online bank without having a banking license and having a physical account at a correspondent bank and being part of a correspondent banking system. Further, those who have tried to skirt around licensing are all now in prison. There are many popular digital currency sites which were not licensed and all of their owners are being indicted. E-gold is just one of them. But take eGold for instance, which is a digital currency and is a system which allows the instant transfer of gold ownership between users. E-gold Ltd. is incorporated in Nevis, Lesser Antilles. On 27 April 2007, a federal grand jury in Washington, D.C. indicted e‑Gold Ltd and its owners on charges of money laundering, conspiracy, and operating an unlicensed money transmitting business. Any business that transacts even part of its business in United States Dollars can be prosecuted by the feds no matter where the business is located. All USD falls under the watchful eye of the U.S. Treasury Department.