I am 40 years old, bad credit, no college, how can i become a stock broker? please help!?

Answer 1

You probably cannot. With lots of practice you might be able to pass the series 7 and series 63, but you will have difficulty finding a sponsor, unless you are already a highly skilled and proven salesperson. In that case, they may be willing to find ways to remediate your skills. It is possible that without college, unless you have industry experience, that your state's security commissioner will not permit you to obtain a license. Lots of brokers, historically, did not have college degrees, but requirements are generally rising.

Answer 2

If you're serious about it then don't listen to anyone here who tells you it can't be done because it can be done. Yes, you have some serious negatives going for you but how badly do you want to become a broker? If your're serious about it, your most likely shot is by becoming a broker's assistant first....are you too proud to make coffee and answer phones and live off a crummy salary for a few years?...if so you don't want it badly enough. As an assistant you'll be able to learn a little about the business, make good contacts within the industry, work on your credit, prove to the firm that you are worth investing in, and have the opportunity to pass the necessary exams (they aren't very tough as long as you're reasonably intelligent...i.e. you can read and retain information and then apply the retained information in a multiple choice exam situation)....get out there and start contacting some brokerage firms in your area...good luck.

Answer 3

Here is an indirect tack to take, if you are interested. Become a life insurance salesman (age, college, and often poor credit will rarely deter all agent recruiters, though some better companies will rightly refuse you). Work your butt off and build up some solid sales numbers over a couple of years. Then move to a better insurance company, one that also sells Variable Life or Variable Universal Life products. For this you will have to obtain certain securities licenses. Sell those successfully for a couple of years--THEN go see the brokerages about selling stocks. Four or five years of steady and improving sales experience will move you to the head of the list of prospective trainees. If you can sell, especially the variable insurance policies, they will want you.

Answer 4

Forget it, Charlie, you are too old at this point. That arena is filled with young turks who are sharp, quick, and know their stuff. You have no college, bad credit and you have hit the Big 40. I suggest you get your credit straightened out, get a job doing what you can now, and move forward fromt here.

Answer 5

Listen....im 40, from another country...just passed my series 7 and 63.....just join a well established finance company...it doesnt matter if its at entry level for starters....you need a conpany to sponsor you...once you get those licenses...you will be able to work yourself up pretty quick....age has nothin to do with it....good luck :))

Answer 6

Go to Brown, Columbia, Cornell, Darthmouth, Harvard, Pennsylvania, Princeton or Yale.

Answer 7

maybe start with insurance, its easy to get licensed for insurance, take some prelicense classes for a couple weeks, pass the exams, get in at someplace that you can work doing that and study towards the series 6 or 7 securities exam, maybe they will sponsor you if you are ok at your job

Answer 8

Watch the Pursuit of Happyness movie.

Answer 9

If you can't mange your own money I don't want you managing mine. Please choose another career.