New to this site..Heard a lot about the popularity of this sajha land..got some querries... So, I just thought of dropping a question in this Nepalese homely Discussion arena..
I am just like one of those Nepalese students who lands in this so called "Great Land of Opportunites" with a dream to do something different, do better financially.. I am done with my second semester, and want to persue a career as a Stock Broker..Now, I am in total dilemma. I don't know how should I initiate.... and what other things I have to do beside just taking the regular classes in the college...I also heard abt Fake Portfolio..How significant is that in making one really accurate in predicting about the rise and fall of stocks values in the real market... I have a lots of questions running through my mind these days....Just need some good guidance.. Sajha regular posters!! Can You Guys Please Help Me???

welcome abroad dreamchaser,

though i am not a stock broker myself but do heavily follow the stock market and taking a few basic accounting, finance, and economics classes during college helped me get a better understanding of the overall market. i would suggest if you are thinking about making a profession out of it, probably focus on those area along with your science and math classes. i have heard the stock broker's career is just as volatile as the market itself at times....so unless that's the kind of thrill you are seeking, i would also venture into being an stock analyst.

i'm sure there are a few stock brokers here among us who can get you more insight into the lives as a stock broker

best wishes!

Stock Brokers normally do not analyze stocks...they pitch...

Prediction? ..accurate prediction..? To be blunt...forget about prediction....
Wall Street is all about qualitative information....unless you want to be a quant.

The problem with finance is .... like economics...it's a field that is desperately trying to immitate Physics...
In real world... like my fav authors says... " you can prefer apples over oranges, and oranges over pears....and can prefer pears over apples..."

Bottom line...if you wish to make lots of money by being on the phone whole day...and have a very thick skin....you'll be a succesful stockborker with your own yatch... forget prediction...just sell a story :o)

\\so wit's end....now i have one more question...
what do you have to say about being a stock broker and an investor at the same..?? Now, after reading your comments, my concern is if the stock broker just acts as middle man between the companies and the investors...or do they manupulate the deals...because i believe more the transactions more the commission for them, rt?>? So how right is it ethically to propose a bad deal, just to make more money..??

Forget about being a stock-broker, that won't take you that far.

Try to get a CFA and get into portfolio management or a CFP and be a financial advisor. Those are much better options long-term.

I would major in Statistics, Maths, Physics or Computer Science.

but eminitrader!!
could you tell me what are the advantages of being CFA or CFP over stock broker??

is there anyone who can help me??

well...dreamchaser....they act as a middleman ...as well as manupulate deals...
In later case...it is mostly when a firm is trying to unload some of the securities that they might have over-bought...or when they deem securities that they own is ripe for a crash. At the end of the day...it is commission...churning...i believe is the word.

I think Emini is hinting at getting a CFA or a CFP to become a portfolio manager of some sort in the long run...

I will once again say...becoming a stock broker has nothing to do with finance...it's all about the gift of the gab...and being able to sell ice to an eskimo.

G'luck :o)

Hey! Wit's End!!
thanks for all your advises..They did helped me understand about this job a lot better..
BUt I still have querries...(sorry..I am a really inquisitve person..haha!)...I am always handful with questions and possible answers... But never felt satisfied with my own findings unless someone experienced or well informed person told me about it.. iIn the case of having a stable job in this competitive world of Business.. (either Accounting or FInance related jobs)..I am always confused. The only thing I know at the moment is that I want to earn a lot..I mean really lot...and just want to get involved in a field that would yield more income and has a ground for everyone to show their potentiality to reach to the top!!!
I would be really grateful to everyone who can just give me a brief job description about any of the jobs related to Accounting or FInance and a brief comparison in between these two would be greatly appreciated..
Thank You!!

Many people would disagree but I am a huge critique of chartists. I believe it is impossible to predict the market consistently. So, if you win at one time, you are surely going to lose at some other times.
I would rather focus on growth stocks and stay with them within a certain margin for long term growth. I would do my fundamental analysis before purchasing the stocks and evaluate the risk market that firm operates as well including the macro-economic variables.

JUST WATCH" Boiler Room" . IT WILL GIVE U SOME IDEA

JUST WATCH" Boiler Room" . IT WILL GIVE U SOME IDEA

Yes, I have been often told by my seniors that if i watch the movies like Boiler's Room and Barbarians at the gate, I would get some ideas about how things work out in stock market and what fails..Thank you Bibas100 and goodlife..for your kind suggestions...they are greatly appreciated..
However, I am still not convinced.. I dont know if its because of my age or ignorance that i keep on striving for the answers about how can i have a better career in Business world..I do believe that better GPA with strong resume would definitely lead me to a better job, but beside that what else do one needs??
I am asking these questions to all of you regular sajha posters because I have been reading the blogs on sajha for about 6 months and i feel that you guys have already been through what i am going on at the moment... So, i would rather take the advises from you guys than simply going to my academic advisor(though they are also expertise)... SO please.. Help Me Guys!!!!

To be a stock-broker, its all a gift of the gab...I've seen high school graduates make more money than college graduates here. Its basically sales and limited market knowledge! If you have telemarketing experience (and were good at it), this would suit you perfectly. But, these days, with new laws regarding cold-calls and the advent of e-trade/scotttrade, etc. the days of the stock broker has pretty much died. Rather as industry people prefer to call them today as Financial Adisors/Investment Advisors/ Portfolio Managers, etc...Today, you'd have to sit for a series of exams (Back in the days it was only the 7 and 63 if needed for trading) and it is often recommended by most firms that you sell not only stocks, but insurance, mutual funds, retirement planning, etc (exam for each is necessary) as the days of dealing with brokers for only stock related needs are winding down. Customers have access to information and they know that they can save more than half the broker's fee trading online.

Also, by the looks of it what you want as per your post makes me wonder if its the profession of a stock-broker/a research analyst or a trader that you're interested in pursuing (as your question is just too vague to understand precisely).

This bibas dude makes me wanna laugh my lungs out..."many people would disagree but I am a huge critique of chartists. I believe it is impossible to predict the market consistently."

So what're you trying to prove, smartazz? Fundamentals work ALL THE TIME?? Hahahaha Hell, if anyone could predict the market consistently, then we'd be seeing a trillionaire/quadrillionaire today!! Its like predicting the weather, damnit...Its not perfect half the time but an educated guess is whats important here. Yeah, yeah, fundamentals are important but all the trading greats didn’t become greats by trading fundamentals! Looks like you're still in school being corrupted by those one-track minded professors who know jack about how the charts work. Hahahah Know that the leading minds who treated/treat technical analysis like an unwanted step-child are the same fools who led Bush Sr. into calling Reaganomics: Voodoo Economics!! I'd scoff at those bird brains who only can prove their point while giving a hindsight to a boom/collapse. Why can't they give a foresight to future happenings if they think they're experts? Even a lowly Bachelor's degree weilding industry analyst can give a hindsight with the same if not more points than these retard professors!! BTW, no disrespect, academicians may be smart in their own right but making money in the market is not one of them. A point in case: The 2 great Nobel in Economics winners, Robert Merton and Myron Scholes (of the breakthrough Black-Scholes model) and a group of investors funded and opened the greatest Wall Street fiasco ever, Long Term Capital Management that lost billions within a few years of its initiation...The sucka Scholes himself lost nearly everything. If he was the smartest out there and had all the fundamentals and theories at his fingertips, why did fug this happen?

BTW, there are tens of thousands of traders (and Banks included) on the Street who make their living off technicals and for you to say that you're its critique, leads me to ask you if you or any academicians you know trade fundamentals and can consistently predict the market?? A BIG NO, Mr. "Fundamental" Trader (an industry joke!)!! Now go and do some research before saying which works: Techincals or Fundamentals as you apparantly have not!


"Continue your annotations, continue your questionings": Walt Whitman

Thank You Samsara!
I had always been reading ur threads... along with those of Sum_off, LooteKukur, Bathroom Coffee...I always enjoy reading all the postings of you guys....
The reason why I started this thread is that I wanted to collect information from all of you guys about if it is better to be an Accountant or a Stock Broker,..in terms of which job has a better options to make more money... because like every other Freshman, I am still confused about What would be a better thing to do? I m in great dilemma.. I am a Sophomore now, and yet I haven't been able to decide what I want to major in..just questing to make a right decision... After graduation, I dont want to look back into my past and regret for choosing a non-fruitful career path...

Well!
I do agree with both of you guys: Samsara and Bibash100..I believe Technicals with a little touch of Fundamentals is what makes out a better recipee...

Dreamer, I'm not saying technicals is the right answer nor is fundamentals...They're both required to predict where the financail instument is heading and ommitting one is a sure shot way of letting the market slaughter you...Back in the days during my internship, used to hear the Portfolio Managers warn his clients, "Bulls and Bears make money. Pigs get slaughtered."

I would rather suggest u for Chartered Financial Analyst (CFA)

Thank You Nightwish... But can you just give me brief description about whyh you think so??