I would like to be a stockbroker, what books do you reccomend?

Question

So Im in my last year of doing my AS levels, then im Going to uni to study Business and Finance..............
I would like to work in the financial industry, prefebly stockbroker or financial advisor...

Can you reccomend any Good Books that may help me understand abit more?

Answer 1

If you have a true interest in financial markets, and it sounds like you do, then take a quick trip to Borders and look at some books on securities analysis-read anything that you can on banking, accounting, economics, insurance, and finance. There are too many books out there to really pinpoint or highlight one, but you can start by picking up a Series 7 Prep book-that tells you exactly what you need to know for the exam you will eventually need to take, and will give you a no frills way to tackle some of the topics you will run into later in your finance and accounting classes. Its elementary compared to what you learn in college classes really.

Virtually all stockbrokers nowadays are considered financial advisors, but not every hiring company that throws around the word financial advisor is actually hiring you to be a stockbroker, its good to understand the difference-a standard insurance company is NOT the same as a wirehouse-in compensation, advancement opportunity, back office support, respect/job security, or overall prestige in the industry. Take your time when it comes to the job search-its better to spend a couple years as an accounting clerk or related profession than it is to pigeonhole yourself into a resume killer!

Very experienced FA's who have years of experience make the big bucks but don't be fooled-a large percentage of individuals who come into this business never make it to that point. Finance is a hard way to make a living-whether you are a financial advisor, real estate broker, insurance broker, trader, or analyst. Dealing with money, especially other peoples, is hard, and actually convincing people often two or three times your age that you know what to do with it when you are 25 or 30 years old is even harder.

The suggestion above to do internships is good-get on a desk of one of the more experienced guys and make some cold calls, do some mailings, set some appointments, set up a seminar, etc. That is the real world of what it is like to be a broker. During and after college meet as many people as you can and develop a career development plan-many of the hiring managers are going to want you to have at least 4 or more natural markets-you aren't going to want to rely on family and friends at first and don't let any firm talk you into doing that! But join clubs or a social organizations, stay socially active, network as much as you can, and understand its a long road. We aren't the same as doctors, lawyers, accountants, etc.-there isn't much money in the beginning and times can be lean for a while, but if you stay with it yes the money is comparible to that. You have to have a love of finance but most of the hiring managers at firms are not going to care about much of that in the beginning-they want to see that you are good with people-an extroverted sales type who likes to meet people and knows how to keep up with them.

Answer 2

This is a great website and it's designed for those with little knowledge in investments. they also have a newsletter so you can take it in small doses.
Don't let the name fool you. It's ligit.

Answer 3

Take it from me, you can read all the books you want, and they will do you little good. You need experience. See if you can get an internship instead.