Quote:
Originally Posted by BrianTheMick2
No. Absolutely no. Better to just ask your rich aunt for money directly if you are in the above categories of people. Skip the middle man and don't be a pretender or, if you feel the need to develop a better skill upon what you already have, use your skills more well.
It is a fine occupation if you are a bored househusband or wife and it keeps you from doing the poolboy
It’s a legitimate service that family members are likely to need and if they’re not savvy will end up paying a large sum to someone else. The fact that so many of them are leaches and the fact that so many middle men demand a cut when you go through conventional channels is why your relatives would benefit from it.
You don’t have to charge them the full 2.5% that some random working for a large brokerage will insist on because you don’t have to pay huge fees or invest in marketing... you can work under a discount brokerage and figure out a price that both benefits your relatives and is worth your time.
If no one in your family or extended network has a license or if you plan on buying/selling with any regularity it offers a lot of value for very little of a commitment in time and effort.
It’s silly to judge it relative to other career paths. For the vast majority it’s a side gig.
