The life of a stockbroker: a typical day

July 7, 2024 No Comments

A: One of the great attractions for many that become stockbrokers, more commonly known as investment advisors, is that there is no such thing as a typical day. In fact, being a stockbroker is essentially the same as being a small business owner. You decide when,

What are the benefits of an investment club and how can I find one?

July 7, 2024 No Comments

A: Investment clubs have been around for several decades and are simply groups of people who get together and pool their money to invest. While the primary motivation is to make as much money as possible, clubs are also a great way for investors to

What are the most common interview questions for banking/finance jobs?

July 7, 2024 No Comments

A: Interviews for banking and finance positions are notoriously tough. Interviewees can expect all the questions from a normal job interview, along with the potential for extremely difficult questions, relating specifically to both financial services and to hypothetical scenarios. Interview Question Examples Two listed option

What are the reasons that cause financial advisors to fail in their careers?

July 7, 2024 No Comments

A: Up to 90% of financial advisors fail in their careers and the amount of certified financial planners around the nation declines each year for reasons that include a lack of clients and proper training. Some of these failures stem from the economic problems that

How do I register for the CFA program for the first time?

July 7, 2024 No Comments

A: CFA Institute provides prospective CFA candidates with a couple registration options. 1) Online registration: This is the quickest and easiest method to register as CFA Institute receives your registration immediately. All you need to do is create an online user account and register for the

How does a cost-of-living adjustment (COLA) affect my salary?

July 7, 2024 No Comments

A: Some companies build salary adjustments into their compensation structures to offset the effects of inflation on their employees. Cost-of-living adjustments, or COLAs, can also refer to annual adjustments made to Social Security and Supplemental Security Income, which are generally equal to the percentage increase in the consumer price index for urban

How is marginal propensity to save calculated?

July 7, 2024 No Comments

A: Marginal propensity to save is used in Keynesian macroeconomics to quantify the relationship between changes in income and changes in savings. The marginal propensity to save is determined by calculating the change in savings and the change in household income. Calculating the Marginal Propensity

How many attempts at the series 7 test are permitted?

July 7, 2024 No Comments

A: To become an entry-level broker, one must pass the Series 7 exam, also known as the General Securities Representative Exam. The Financial Industry Regulatory Authority (FINRA) has not placed any limits on the number of times you can attempt to pass the Series 7 exam,

How reliable are Glassdoor salaries?

July 7, 2024 No Comments

A: Information entered into Glassdoor.com is crowdsourced and unverified. While some of the salary information posted on the website may be accurate, some of it is not. Career seekers looking for specific salary information should browse several websites such as Payscale.com and the U.S. Bureau

How can I purchase stock directly from a company?

July 7, 2024 No Comments

A: There are a few circumstances in which a person can buy stock directly from a company. The following is meant to cover some of these instances, which include direct stock purchase plans, dividend reinvestment plans (DRIPs) and employee stock purchase plans (ESPPs). Direct Stock

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