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 Need advice.. I'am 17 years old and thinking about selling my 2009 acura so i could invest in the stock market?
I' am entering college this September. My parents bought me a gem in a car and i absolutely love it but I would be willing to sell it and get a clunker if it means capital gain in the long run. I...


 Do lawmakers have an advantage in buying and selling stocks?
Do you think that making laws that affect big corporations gives them an advantage in choosing which stocks to add to their portfolios and which stocks to unload when trouble is brewing?

...


 How can I invest in afghanistan's newly discovered resources?
Is there stock or a company to look for?...


 I invested $8,961.00 with World Market System, an online business in Phoenix, AZ, in 2008.?
They promised me I would make all my money back in three months. To this day I have not made any money. Is this a SCAM or WHAT?...


 forex trading school - how to find the best forex trading school?
It very difficult to learn forex with my own. I need to take my time finding the perfect forex trading school through internet. Actually i want to have real time experience about forex, so where can ...


 Assume that your bank compounds interest annually and the bank offers you an interest rate of 6% for the first?
Assume that your bank compounds interest annually and the bank offers you an interest rate of 6% for the first 3 years & 8% for the remaining years after 6 years you need $1000 How much you ...


 What's the record loss you have incurred in the stock market to date?

Additional Details
In your entire investing history....


 I am considering investing in Franklin NY Tax-Free Income A | FNYTX. It has a front-load of?
4.25%, and an annual yield of 4.25% (free from federal, state, city taxes, and the alternative minimum tax). I know that I can get a better return in other investments, however I am seeking income ...


 Tokens - Coal Scrip questions?
Does anyone know why the Coal Scrip tokens sometimes have letters and shapes cut into them?...


 What would the best Franchise for an 18 year old to buy in to?
Im 18 and there's literally no work so I thought about having a look into franchises but im not really sure what to look for, I'd be looking for something primarely under 10K.
I'...


 Suntrust Bank managed investment accounts?
I deal with Suntrust Bank in Florida and would like an opinion on whether people think if Suntrust's managed investment accounts are worthwhile.

For example, Suntrust has an ...


 What happens to common stock shareholders when a company gets delisted?
To get to the point, I invested ~$2k into Fannie Mae back in 2008 when the government announced that they will not "let it fail." So I bought it, not knowing that they were planning to ...


 BP going bankrupt or buying opportunity?
your ...


 what would be a good way to invest $10000?
I am looking for a a good way to invest $10,000. Any ideas?...


 Stock Market - Sprint ( DOWNHILL )?

Additional Details
I bought shares of sprint at $4.35 not to long ago and it is recently dropping fast ... it rose up to over $5 and this week dropped about 60 cents ( about 12%)
<...


 What are some good ways to make money online now?
Hey i need to find a way to make money online. I just want a little source of income. What i dnt like is those little ptc sites that pay you like .10 cents every now and then and you make like 2.00 a ...


 I lost my Jones Soda Co. Stocks?
I bought $160 of jones soda co stocks from a man on the street. He said he was giving me 100 of them and I knew what stocks were so I took them. They looked like wrappers from jones bottles so they ...


 i need $1000 dollar loan with bad credit,payday loans are too low.does anyone know where can i go?
...


 I do not have a ny experience as a landlord but I need the money should I invest?
...


 Is right now like just about the worst time to invest in any stock?
I looked at pretty much every stock out there and they all look horrible to invest in. It's like everything's already reached the peak where they drop again. Is it better to pull everything ...



JG
How can I work at a brokerage firm, or make my own brokerage firm?
If I work at the brokerage firm can i apply for my series 7? What would be the best degree to get for investing?
                     
 




cainvest1
Yes, many brokers offer to sponsor trainees to get their licenses. The series you sit for will depend on what products you will be selling.

Finance is the best degree if you want to purse this field.

No, you can't start your brokerage firm until you gain some experience and have substantial capital.


A nobody
Rating
No - The brokerage firm that you are working for must give their permission for you to apply for any licenses.
You must obtain a position with a firm that either requires your job to have a license or the firm will sponser so that you can be licensed.

Any degree that is acceptable by a firm will help you with investing. Mostly you should consider majoring in either finance, economis or accounting but you will need courses in statistics and all of the above.

You should start educating yourself before you even get to college or before you finish high school

.Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.

Here is some reading material that can get you started in the right direction,
What Works on Wall Street by James O'Shaunessey
Beating the Street by Peter Lynch
One Up on Wall Street by Peter Lynch
The Warren Buffett Way by Robert Hagstrom
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp , http://finance.yahoo.com/ . While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners. If any site offers free information, take it.

Other website that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ Stock Charts - http://stockcharts.com/ http://www.investorshub.com/ http://www.1source4stocks.com/, http://www.tradingstocksguide.com/tradin…

Visit some of the more professional websites like Zacks - http://www.zacks.com/ Smart Money - http://www.smartmoney.com/ Schaeffer’s http://www.schaeffersresearch.com/ Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.

Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.

You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.

Good luck on your journey


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