Stock Broker essay for co op ISU
... The stock market is a place than can make a poor man rich and a rich man poor in the blink of an eye. The stock broker can be the fine line between a sure bet and a whim, which could cost you all your savings. ... Stock brokerage is a field which takes time, quick thinking and research to bring you up to the top. ... Post reading of this essay will give the reader an idea of how the workplace of an IA has affected the community and the economy. ... The only way to find out any of the answers is to keep on reading… History It was in 1791, under a buttonwood tree at the base of Manhattan, where the beginnings of the now New York Stock Exchange started. ... Selling of shares of stock of a company was not common in those days as there were few businesses worthy of public investments in the Colonies at the time. This was the beginning of the Stock Market which opened the door to the IA. In the early years the investor would have to either physically go to where the stock market was and place the order or make a call to a stock broker and have him/her make the trade for the investor. The stock broker would charge the investor a fee to which was seen fit by the broker obviously the more money made for clients the higher the fee was, as it pertains to the quality and profitability of his work. ... Most of the companies that IA’s work for requires that they hold their own personal stock portfolio with the same company. For example, if you are an employee at Nesbitt Burns and you want to buy stock of BMO you must do it through Nesbitt Burns. ... The years of experience is all that matters in this case, because no one can always know exactly what is going to happen with the stock market an analyst’s recommendation is like predicting the weather, it is better to walk with caution.