“A stock broker is one who invests other people’s money until it’s all gone.” Woody Allen
A stockbroker (or “stock broker”) is a registered financial professional who acts as a middle man for an investor buying and selling stocks. Stocks are known as “equities” in “the business.” Equities are different from bonds, another area of finance which is known as “fixed income.”
The Three Types
There are three types of stockbroker – execution only, advisory and ….
By Derek On September 6, 2011 No Comments
“Money talks… but all mine ever says is good-bye.” Anonymous
As I’ve said in other parts of this blog, stockbroking is a lucrative career. In the good old days you worked gentlemen’s hours, had two-hour, four-martini lunches and knocked off early to play a round of golf.
Nowadays, you are never drinking at lunch (unless it is London on a Friday) and more often than not you will find yourself wolfing down a sandwich on the desk. But the compensation is better than the days of yore, so it isn’t all bad.
Paid Squat to Start
When starting out in the business your compensation will be thin, to put it mildly. This is because you ….