How to Become a Stockbroker

Series Summary

Don't be broke at the end of every pay period. Many people's paychecks are spent before they even get to the bank. More than half of America's work force is spending more than they make. And the problem is, they aren't blowing it all on foie gras and designer shoes, yet they feel like they can never get ahead. Aside from trying to convince their boss to double their salary, is there a solution to exhausting psychological effects of barely scraping by, month after month, year after year? Tracking your expenses, investing in sound decisions and creating a personal financial budget is a great place to start. In this free series of videos, get expert advice on creating a budget for personal finances. Figure out where the money's going, and it will be easier to get spending under control. Learn how to divide spending into distinctive categories, like housing, utilities, food, medical expenses, transportation, investments and more. Learn how to make smart investment decisions in stocks so that money can actually make more money. These videos will address the financial market and how it operates, including money markets, 401Ks, bonds, stocks and stock brokers, so that every facet of the investment world is covered.

Video Transcript

"Hi everyone this is Chris Markowski, President of Markowski Investments and host the nationally syndicated radio show The Watchdog on Wall Street. How does one become a stockbroker. Well that's how I got my start believe it or not. I've been done a lot of things on Wall Street. Investment banking, analytical work, now I'm a financial advisor and owner of a firm. But I started out being a stock broker. How did I do it? Well I guess I just did an interview and someone brought me in there and said you're going to do this. And take this big huge test and here are these books and away you go. Well the industries changed a lot since I started in it. And I actually recommend people going a different route than the stock broker route. There's a difference between stock brokers and financial advisors. A stock broker by law has to bring you something that is suitable for you. A financial advisor must consider the clients interest actually above their own. And this is why we don't see financial advisors working in major brokerage firms, because there's a little bit of a disconnect there. But if you want to be a stock broker, if that's a directions you want to choose. I would highly recommend going in, walk into your local Merrill Lynch office or one of these big investment house offices. Ask them what it takes, get into their training program, and then if you work hard and you study hard. Maybe you can become one too. This is Chris Markowski, your watch dog on Wall Street."