IS IT WISE TO INVEST MONEY WITH AN INVESTMENT BANK TO MAKE PROFIT OFF YOUR INVESTMENT?

It depends on your ability (or lack thereof) to evaluate profit and how much work you would actually put in to get it.

Explanation: If you are willing to take someone else’s version of profit (example: banker says he only lost 4% in a 20% down market – you made a ‘profit’ of 16%!) then maybe investing with them is good for you. If you are unwilling to put in the time/effort/mental faculties necessary to do it on your own, then maybe investing with them is good for you.

On the other hand, if accepting more risk for better control of your future and that of your investment is what you seek, I would say definitely do not invest with an investment Bank. Most brokers/analysts/gurus out there lag the market in annual returns. They will have one good year where they’re up, but other years you will get very mediocre returns. You would be better off getting and ETF. They have much lower fees than the other guys (computers ask for so little in pay) and historically the market has averaged between 9 to 13% annually.

Plus if you learn how to evaluate companies (not just stocks) you can set your own rate of return. You will decide how much return you get. I generally run between 25 to 40% returns (annually). I would get pissed if I only got 9%, that is almost like leaving my money in a savings account.

Anyway, i hope that answers your question.