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Hello,
First, thank you to Bob, Norman, and all others who
took the time to answer my inquiry.
Sales isn't exactly what I have in mind for the
future. While I see your point that this would be a
major feature of an average broker position, it's not
the path I plan to follow. Certainly it could be
something I could fall back on, but my interests are
more entrepreneurial. I don't want to work for someone
else, which is what lead me towards trading in the
first place. I would have moral problems with selling
something I didn't believe was good.
My reason for pursuing the broker's license is that I
want to know the rules. In my learnings I've
discovered regulations I would never have guessed and
hope that the series 7 studying will add valuable
knowledge to my education. Additionally, I've heard
that having a broker license opens doors- I could get
better information, tools and access. All of this
would help my trading so that at some point in the
future I can quit my corporate job and own my life
once more.
Again, thank you all for the responses I received as
well as those who share their knowledge here
regularly. One day I hope to repay that with similar
contributions...when I have something to contribute
:-)
Brian
--- BobsKC <bobskc@xxxxxxxxxxxx> wrote:
> The first thing might be to realize what a stock
> broker is .... he/she is a
> salesperson of positions in the markets and his/her
> knowledge of the
> markets or individual investment instruments and
> equities is relegated to
> the status of "unimportant" due to the shortage of
> left over time from
> his/her selling activities. Brokerages have
> "experts" to tell you what to
> hawk and what to dump and you make your money
> shoveling that advice into
> the open mouths of customers. (I am not intimating
> that such advice is
> often, or always bad, but I would suggest that it is
> often motivated by
> self interest of the trading firm and what an
> individual broker might think
> is a good investment is of little interest to the
> firm.
>
> Anyway, I wish you well with your new endeavor. I
> have many friends who
> are brokers and most do quite well for themselves
> and their families. Hone
> your salesmanship skills..
>
> All best,
>
> Bob
>
>
>
> At 01:21 AM 3/13/2002 -0800, you wrote:
> >Hello and greetings to all,
> >
> >I have been lurking on this list for over a year. I
> >very much appreciate the generous sharing of many
> here
> >and thank you all for your contributions to my
> >ever-continuing education.
> >
> >I have a friend who recently purchased a brokerage
> >firm. Knowing of my long-standing interest in
> trading,
> >he has agreed to provide me with the necessary
> >sponsorship to get my broker's license. Generally
> >speaking I'm a quick study and good with tests so I
> >don't anticipate too much difficulty. Still, I have
> >much to learn.
> >
> >I would appreciate any information on what books or
> >material I will need to study in order to pass the
> >broker test. I have found what appear to be
> >quasi-textbooks on the net, but am not sure they're
> >relevant to the certification. For that matter, I'm
> >not even too sure of the whole process. Anyone been
> >through this that can fill me in? I did some
> research
> >on the NASDAQ website, but it's anything but clear
> and
> >simple. What is the test is like...is it similar to
> a
> >bar exam? If I fail, can I retake only after a
> certain
> >time?
> >
> >Thank you in advance for any information that you
> may
> >be able to share with me. Good luck to all.
> >
> >Brian
> >
> >__________________________________________________
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> >
> >To unsubscribe from this group, send an email to:
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> >
> >
> >
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>
>
>
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