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Kraken Kratom Shop: Red Vein Kratom

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Offlineimachavel
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I'm about to start studying for a series 63 license
    #19080227 - 11/03/13 12:51 PM (10 years, 2 months ago)

Anyone know if these series 63 license turn out to be useful? This license apparently allows someone to be a broker dealer without being sponsored by a firm for a series 7 license. Of course you don't get all the experience, and you have to go get all your clients on your own, but then anyone who works for a firm and then leaves can't keep the clients they make at the firm anyway.

I'm brand new to keeping up with stocks, but know that many people prefer to pool everything together into mutual funds, and that a trader does what a broker does, buys and sells stocks, but more so works with portfolios then individual clients at a time.

None of this concerns me currently however, I know the only thing a series 65 license will help me with with a firm, is basically giving me a better chance of getting sponsored to take a series 7. I currently have connections for owners of smaller companies, ones with huge amounts of income, some totalling $100 million net revenue, and their shares were going up years ago in recession times, that I would try and broker stocks for, if I got the license. I wouldn't expect to go out and try and sell shares of Coca Cola or Ibm or Boeing like everyone else on my own, and expect to get further then a reputable firm.

How did I get these connections you ask? Years and years of asking around. These companies exist, but most people try and find medium or small companies to work for instead of trading stocks. I have connections like anyone else, word of mouth, knowing certain people, but I simply want to get in a position where instead of brokering a deal, for example selling something for a company for a specific client, and trying to expect to not get cut out of the deal, and possibly having to cut a few people in on an already small commission, I can build portfolios and most people consider introducing me to people who want to sell these stocks as more of a favour, at least in my world. And in all honesty I'll cut people in a bit anyway.

Once I have the connections, it's easier to keep finding new clients to sell stock to without having to find a new seller anyway. Plus you meet new people, get new connections, etc.

Oops, to edit I think its the series 63 license Im shooting for, Im getting my license confused. The 63 lets you sell and trade securities I think, 65 is just for accounting purposes but not really selling purposes.


Edited by imachavel (11/03/13 11:49 PM)


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