Bussiness without investment

Discussion in 'The Cocktail Lounge' started by waseem59, May 9, 2014.

  1. waseem59

    waseem59 Well-Known Member

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    The best bussiness or work without investment is to be a broker, just link up two people and get profits depending on the bussiness. easily you can earn by dealing in real estate and stock markets.
     
  2. SteakTartare

    SteakTartare Senior Investor

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    To work as a stock broker, one must have a degree in a related field (finance, accounting, etc.), pass the Series 7 examination, and, possibly depending on the state, pass the Uniform Securities Agents State Law Examination and the Uniform Advisor Law Examination. I'd say that some investment. ;)
     
  3. waseem59

    waseem59 Well-Known Member

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    Ya that is a reason for investment but i think you have a good knowledge on state law examination, will you please give me some more information on it
     
  4. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I've posted up a good bit of info on being a broker in the "Stock Market Education" subforum.

    The biggest challenge is pulling in enough money from enough investors to invest for them. And it's also a very heavily regulated industry with lots of rules you have to follow in order to keep your job.

    The turnover rate in big firms is quite high - the majority of people aren't able to gather enough assets to meet company production hurdles, and even then many don't gather enough assets (above what the companies require) to make a very good living at it. It can be tough.

    The key to getting hired is to convince the principal(s) of the firm that you're likely to bring in lots of money to the firm.
     
  5. waseem59

    waseem59 Well-Known Member

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    Thank you for your sugestion JR Ewing. give me some more tips on this
     
  6. Gelsemium

    Gelsemium Senior Investor

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    Being a broker should be fascinating, but it's pretty much like JR says, we need to have the money or else we are out of business. Once we are installed it's a dream job I agree!
     
  7. Strykstar

    Strykstar Well-Known Member

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    I think it's probably incredibly stressful, it has it's advantages and downsides like every other job, but handling large sums of someone else's money would make me very nervous...
     
  8. sully3333

    sully3333 Member

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    I think that being a stock broker would be a really interesting job, although I'm not sure if I would be able to take the stress!!!
     
  9. uggonen

    uggonen Well-Known Member

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    It would be really interesting to work as a stock broker. Allthough I would be shitting myself all the time for handling other peoples money.
     
  10. TraderJK

    TraderJK Well-Known Member

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    It is a very tough environment, with lots of pressure to provide your clients with good trading ideas and to meet your targets for new business. If you are good though, the earning potential is high.
     

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