In a 2011 Huffington Post article, the author explained why the “best and brightest” college graduates were heading to Wall Street:
“It’s basic human nature,” she wrote. “Follow the money.”
Makes sense. After all, according to Investopedia, in 2016, the average Goldman Sachs employee took home $367,564.
But in the last couple of years, the world has changed:
Nowadays, not only are recent college grads heading to a newer and even “greener” pasture…
But veteran Wall Streeters are pulling up stakes and heading there, too.
So today, we’ll show you where the brightest minds on Wall Street are headed...
And most importantly, we’ll show you how to join them.
Quit… and Get Rich
Earlier this year, Justin Saslaw, 28, quit his Wall Street job at Goldman Sachs.
So did his colleagues Jonathan Cheesman and Chris Matta.
It’s the same story with Asim Admid, a young banker who walked away from BlackRock, and Adrian Xinli Zhang, a young trader who left Deutsche Bank.
And it’s not just the youngsters who are leaving for a greener pasture…
Senior Wall Street executives are heading there, too — from J.P. Morgan’s Blythe Masters, the inventor of the $58 trillion credit-default swap market, to her colleague Tom Lee, who was J.P. Morgan’s Chief Equity Strategist for nearly a decade.
Greener Pastures
What’s causing these Wall Streeters to jump ship?
Is it the 100-hour workweeks?
Or maybe it’s their frustration with working at corrupt companies — the type of company whose unchecked greed regularly sends our economy into a death spiral.
Well, perhaps those factors played a role in their decision…
But the main reason is much simpler:
They discovered they could make far more money somewhere else:
The world of crypto-currencies.
Make Your Annual Salary in a Day
As reported last week in Bloomberg, Zhang “made enough money trading digital currencies in his spare time to leave” Deutsche Bank.
Ditto for Asim Admid. As he said, “If I get a few investments right then I’ll have made the same as my yearly wage and everything else on top is a bonus.”
That’s not so hard to do when — like Asim did — you bought Ethereum at $10 and put yourself in position to make 140x your money.
After all, that’s enough to turn $1,000 into $140,000.... or $5,000 into $700,000.
“Crypto is… pulling away real talent from financial services,” said Chris Matta, 28, who recently left Goldman to start an investment firm for digital currencies.
That talent includes Tom Lee, who quit J.P. Morgan to run a crypto research firm…
And it includes Blythe Masters, who ditched Wall Street to run a crypto start-up called Digital Asset Holdings. As she said, “You should be taking this technology as seriously as you should have been taking the development of the Internet in the early 1990s.”
The thing is, it doesn’t take much to join all these ex-Wall Streeters in the world of cryptos:
You just need a computer and an Internet connection…
Follow the Money
Ready to get started?
We believe this is a great time:
Crypto prices have pulled back recently — so when prices recover, you could put yourself in position to make big profits.
Start by building positions in two of the biggest names: Bitcoin and Ethereum.
You can buy both of them on Coinbase, an easy-to-use crypto-currency exchange.
Happy Investing
Best Regards,
Founder
Crowdability.com
