I know what I did last summer!
The title here may be a little misleading and/or somewhat terrifying for those of you who have seen the movie, but, I assure you that what I discuss in this post has nothing to do with horror (at least, I hope not). In fact, I’ll merely be sharing with you what I did this past summer, broken down into the two following categories: internships and the social life.
As soon as I ended my final exams at the LSE, I was referred by a close friend to a Financial Times Columnist in London, who was looking for a summer intern to support him with his on-going projects. As a full-time investor and entrepreneur, David is always looking into opportunities in the finance field and this summer he was persuaded that crowdfunding was the next “big thing” and got me working on it as soon as I met him. Since I had 6 weeks before my flight back home (to Sri Lanka), I was given ample time to track down all the big players in the UK crowdfunding market and the specific rates they offered. Though I cannot share everything I did due to confidentiality purposes, one thing is for certain: he is clearly not alone in his view towards crowdfunding, as this gentleman illustrates – http://www.bloomberg.com/video/this-guy-turned-20k-into-2-million-you-can-too-piX08ijaQ7WeFEyhxEau8g.html
When I returned to Sri Lanka, I had an extra six weeks left before the beginning of the fall semester. Motivated by my interest towards Investment Management, and Securities Research, I cold-called and sent out emails to several of the top research firms in the country in hope for a bit of work experience in the field. Fortunately, it worked and I managed to obtain an internhip position at Bartleet Religare Securities, which is home to the #3 rated equity research department in the country.
What I did: The bulk of the work I did was evaluating performances of blue-chip PLCs enlisted in the All Share Price Index (ASPI), i.e. analyzing financial statements, calculating relevant account indices and contacting industry experts to assess company positions and outlooks. Other tasks included daily and weekly reports of the market.
What I learned: Though I started off as a real novice to the field with only online trading experiences and a few investment books under my belt, I can now confidently say that I know 100 times more than I did before about equities investing and the securities research field in general.
The Social Life
I won’t lie, I was not up to much this summer in regards to travel or other types of fun. However, I did have one fantastic day when I paintballed for the first time in the Delta Force Arena in London! And as you can see below, we took it quite seriously.