NGPF Podcast: Kasey Ng on trading bonds on Wall Street and importance of internships

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Jan 15, 2021
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Investing, Podcasts

 

It's a new year so we are trying a new format for the NGPF podcast. This week's episode starts with Yanely talking bitcoin which is the subject of her 100th FinCap Friday, Bitcoin Bonanza. Then you will hear from the "Bond girl," Kasey Ng, a 20-something on Wall Street who discusses the bond market, why having mentors is critical to career success and the skills needed to land a plum internship on the Street (spoiler alert: it's not all about financial wizardry). In our Office Hours portion we answer a question from a student wondering why you ever put money in a bank when the stock market's average returns are so much higher. Let me know at tim@ngpf.org how you like the new format. Enjoy!

Details:

  • 0:00~0:38 Introduction 
  • 0:38~9:14 Current Events with Yanely: Celebrating the 100th FinCap Friday, the FCF creation process, and Bitcoin!
    • 9:14~9:32 A word from NGPF
  • 9:32~44:40 This Week’s Guest: Kasey Ng on bonds, women in finance, and hiring interns
    • 11:08~15:42 How bonds work and how people can invest in the bond market
    • 15:42~19:15 The state of the bond market, how interest rates are set, and how consumers should respond when rates are lowered
    • 19:15~25:37 Behind the scenes look at working on the trading floor
    • 25:37~33:45 Ending up on Wall Street and advice for women entering the world of finance
    • 33:45~42:02 What Kasey looks for in an internship application and how networking can lead to full-time jobs
    • 42:02~44:40 Why personal finance is important
  • 44:40~49:13 Office Hour Question: Why should I save in a bank when I can invest in Index Funds?
  • 49:13~49:52 Conclusion

Resources:

Quote from Our Guest:

  • “When you take ownership of your future and your personal finances, I think you open up opportunities to invest in yourself. So whether it be saving up for grad school, saving up to pay off loans, or if you want to be more exploratory in the profession that you are pursuing, having that financial independence and sense of security will give you more confidence in your future endeavors.”

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Want to invite Kasey to your classroom for a virtual visit? Reach out to her directly at kaseyng73@gmail.com.

 

About the Authors

Ren Makino

Ren has been working part-time at NGPF since 2014, interning through high school and college. With his knowledge growing alongside NGPF, after graduating from college in 2020, he joined the team to work full time with a focus on teacher onboarding. He is also the editor of the NGPF podcast and makes sure it is accessible to teachers on iTunes, Stitcher, and Google Play Music. During his free time, he likes to try out coffees from different roasters across the world and try out new brewing methods, even though personal finance gurus tend to caution against buying a cup of joe.

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.


Yanely Espinal

Born and raised by Dominican, immigrant parents in Brooklyn, Yanely is a proud product of NYC public schools. She graduated from Fiorello H. LaGuardia High School in 2007 before going on to receive her bachelor's degree at Brown University in 2011. As a Teach For America corps member, Yanely taught third and fourth grade in Canarsie, Brooklyn. She received her master's degree from Relay Graduate School of Education in 2013. She spends her spare time making YouTube videos about personal finance on her channel, MissBeHelpful. Yanely also loves to dance, sew, paint, listen to podcasts, and babysit her soon-to-be 7 nieces and nephews!