Hello everyone, new here and was wondering about how I myself should start building my own fortune? Right now I'm partial salary and partial commission, so any suggestions about finding clients? I wanted to do some trading for myself also but have limited capital to contribute, any suggestions or thoughts from experienced people would be helpful! Thanks!
You're in a wrong business for building a fortune. The only sure way to make a small fortune as a trader is to start with a big fortune
Please don't get in to make money. Don't do ANYTHING just to make money. Get off the computer, grab a beer and go for a walk. Now, what would you do FOR FREE? In other words, find whatever it is that you love, and then find a way to make money doing that. No one who is rich got there by wanting to be rich.
Talk to all the reps in your office and ask them if they have a client for you. Believe me, most have that one annoying client that they would rather ditch. Hey presto! New clients for you. Ask your biggest earning colleague, if he needs any help and suggest a commission profit split. Believe me that a lot of the BSD's like to take a Monday morning or Friday afternoon off, and are willing to share a commission here and there. (It helps if you have a bit of an easy going personality/ become friends with them) Man this brings me back to the nineties and my own experience. Fun times! Don't forget to enjoy yourself.
Lol, such a "useful" advice... As of initial question, your best pick would be to become a financial advisor. Make fortune while not risking any of your own money! Life's like a dream.
Thanks for the advice everyone, I guess just concerned that there's already so many people with advisors how could I possibly find any that don't? Any cold calling ideas, etc either?
JPL> 1) Start to think with a mindset of abundance: There are 11 million millionaires in the US, and they all could use my advise. 2) There are a lot of HNWI that have 3 advisors, I want to become one of those 3. 3) Network: become a member of a service club, sportsclubs, gym, golf, etc... 4) Start with you friends and family, if they are not interested, ask for a referral/lead. 5) Ask your firm if they will sponsor a lecture. Most will. Talk about a specific subject. Have a drink afterwards, talk to every guest, and make as many follow up appointments as possible 6) Ask you firm to by you a list of potential HNWI from a marketing firm, if they won't search for people that are involved in a lot of charitable work. Most are HNWI