Investment Banking
Tuesday and Wednesday
Tuesday was a day of unparalleled excitement. I spent the entire day going through bills and receipts and statements. Figuring out which institutions are charging me what charges for what reasons. What institutions are giving me points and what can I get with these points? ( four years with RBC visa and I can get a lamp or a toaster)
Then I changed my loyalties and dropped some financial institutions and switched to better ones.
After my nightmare experience with HSB !#%!$^@% C I have decided to take control of my financial life.
Never again will I allow a Bank to hold that much power over me. HSBC was a giant cooporation that never let you speak to human beings when you had trouble. "press one" "press two" "I'm sorry, our banking hours are 11 am to 1 p.m."
And when you did get to speak to any human beings, they too were programed like indifferent calloused robots of the capitalist world. "I'm sorry, but we changed your passwords on you AGAIN so that you can't access your own hard earned cash" "I'm sorry, but unless you have 20,000 dollars in your bank account we have to charge you a 10 dollar service charge every month" And on top of that, they all had very strong Hong Kong accents and pretended not to understand English. "Hello!!! you were a British colony for how many years?" My theory is that they weren't actually HK employees answering the phone anyhow - they were mainlanders. I bet they switched the phone answering service over to the mainland so that they could employ slave labor. Like an HSBC phone sweat shop.
Now, to be fair, The Credit Union has always been a very sweet bank. And my parents bank there and I think my grandparents did too. They were my first bank. Ahhh yes, you never can forget your first bank. That first interac transaction - one swipe and a four letter password . That first ATM deposit ( "Would it work, would it actually be deposited in your account? Or was it gone forever?") But then trust grew as it would always be there for you. And none of this "press one" "press two" sort of business.
But alas, the bank charges grew, and now I have decided to divorce C.U. and join President's Choice Bank. Not all things last forever, but I admit - I feel really cheap. Like some sort of bank slut.
But to make up for it, on Tuesday I decided to invest a significant sum of my savings through the Credit Union on mutual funds. And on top of that - they are ethical funds - so no sweat shops or environmentally unfriendly investments.
Yes, you heard it - I now have mutual funds. And later on this week, I plan to invest the rest in RRSP's and GIC's.
In the words of Shania - "Man! I feel like a woman!!"
Tuesday was a day of unparalleled excitement. I spent the entire day going through bills and receipts and statements. Figuring out which institutions are charging me what charges for what reasons. What institutions are giving me points and what can I get with these points? ( four years with RBC visa and I can get a lamp or a toaster)
Then I changed my loyalties and dropped some financial institutions and switched to better ones.
After my nightmare experience with HSB !#%!$^@% C I have decided to take control of my financial life.
Never again will I allow a Bank to hold that much power over me. HSBC was a giant cooporation that never let you speak to human beings when you had trouble. "press one" "press two" "I'm sorry, our banking hours are 11 am to 1 p.m."
And when you did get to speak to any human beings, they too were programed like indifferent calloused robots of the capitalist world. "I'm sorry, but we changed your passwords on you AGAIN so that you can't access your own hard earned cash" "I'm sorry, but unless you have 20,000 dollars in your bank account we have to charge you a 10 dollar service charge every month" And on top of that, they all had very strong Hong Kong accents and pretended not to understand English. "Hello!!! you were a British colony for how many years?" My theory is that they weren't actually HK employees answering the phone anyhow - they were mainlanders. I bet they switched the phone answering service over to the mainland so that they could employ slave labor. Like an HSBC phone sweat shop.
Now, to be fair, The Credit Union has always been a very sweet bank. And my parents bank there and I think my grandparents did too. They were my first bank. Ahhh yes, you never can forget your first bank. That first interac transaction - one swipe and a four letter password . That first ATM deposit ( "Would it work, would it actually be deposited in your account? Or was it gone forever?") But then trust grew as it would always be there for you. And none of this "press one" "press two" sort of business.
But alas, the bank charges grew, and now I have decided to divorce C.U. and join President's Choice Bank. Not all things last forever, but I admit - I feel really cheap. Like some sort of bank slut.
But to make up for it, on Tuesday I decided to invest a significant sum of my savings through the Credit Union on mutual funds. And on top of that - they are ethical funds - so no sweat shops or environmentally unfriendly investments.
Yes, you heard it - I now have mutual funds. And later on this week, I plan to invest the rest in RRSP's and GIC's.
In the words of Shania - "Man! I feel like a woman!!"
posted by Kendra Fehr at
10:05 AM
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