Ex-Stock Broker: I Realized That Most Of What I Did Was Bad For…, - finance.yahoo.com
Follow The Daily Ticker on Facebook! Many of those who work on Wall Street go through a process in which they gradually learn that what is perceived as “smart investing” is often unbelievably dumb. Specifically, they learn that…
I feel there is a missed opportunity within this article.
All too often “stock brokers”, as defined in the article, take direction from senior analysts that recommend certain stocks that their house underwrites or is part of a syndicate group. This could mean the house is selling it’s stock and wants low-end clients to buy it so the house profits. Or, they want to drive a stock price up as part of a syndicate deal and need clients to carry the burden.
So, I agree. It’s better to work with good men like financial advisors Chip Brackley (www.linkedin.com/pub/chip-brackley/3/201/a11) at JP Morgan, Christian Cherniak (www.linkedin.com/pub/christian-cherniak/3/b31/3a0) at Morgan Stanley.
Let’s be part of the Solution.
brian patrick cork