Quote:
Originally Posted by jplazard
Some poker players I have found can really translate their skills to trading. Now I understand you're looking for sales job so maybe you should consider looking into becoming a financial adviser first to learn the industry. The way its going with the industry is fee based compensation but if you sell 2 or 3 annuities or life products your making easily 10k+ a month. I used to do this before running money and these markets always do well when markets start to top out and crash. And the great thing is you don't need 100k to start a business like this. You only need a L&H insurance liscense and if you sell variable annuities (which you really don't need to ) then you would need to work for a firm who will "sponsor" you to take the series 6 and/or 7. You can take these exams and then tell them to piss off and setup your own shop and setup whats called an RIA which you can do for less than 10k. Learn to trade though with paper money and starting taking a portion of your poker bankroll to trading real money and it will start to roll in provided you're consistently profitable.
If you don't have a degree 1st tier firms won't look at you, but you can get a job tomorrow with 3rd tier firms such as merrill edge, AXA (commission onl y), Vanguard (great benes) and have a nice salary while learning.
I don't really trust myself with stocks and investing since I'm a little snakebit from the past. And with poker I'm not as much of a numbers guy as a people guy. I'm more persuasive than analytical if that makes sense. Looking at charts all day would drive me nuts.
But that said, I dont' think most financial advisors are necessarily oracles of omaha. I think a lot of them just say "diversify" and then push their stock of the month. Or something like that. But you don't need to be a financial genius to do that job. As far as setting up your own shop, that's probably the key to making a fortune