Demystifying Wall Street

Released on by Bruce Fleet
preview-18

  • Demystifying Wall Street Book Detail

  • Author : Bruce Fleet
  • Release Date : 2007-11-01
  • Publisher :
  • Genre : Biography & Autobiography
  • Pages : 180
  • ISBN 13 : 9781434352095
  • File Size : 3,3 MB
DOWNLOAD BOOK

Demystifying Wall Street by Bruce Fleet PDF Summary

Book Description: This is the book that Wall Street doesn't want you to read. It's a book about my experiences, my insights, and my take on the brokerage business. As a top-producing Wall Street stockbroker for 20 years at some of its largest firms, I had the opportunity to see everything the junkets, the incentives, the sales strategies, the product preferences, and most of all how customers are treated. Demystifying Wall Street begins with some of my personal experiences, how I went from being a car salesman (and musician) to joining one of Wall Street's biggest brokerages. And then it explains how I discovered that car dealerships and brokerages operate in very much the same way: by incentives. More compelling, the book reveals a perspective that is often lost on consumers: Salesmen, whether of stocks or cars, are paid to sell products. They work, at the end of the day, for the manufacturers of those products and therefore their interests are never aligned with buyers. Those buyers on Wall Street are you. This is the flaw in the Wall Street business model that is at the crux of Demystifying Wall Street. Despite the bull, the advertisements, and all of the lip service, stockbrokers can never be the trusted advisers they portend to be. If they were, and put clients' interests ahead of their own, they'd be broke. Yet, the average income of stockbrokers is several hundred thousand dollars and can stretch up into millions of dollars. I explain how this then translates into a lifestyle trap for Wall Street stockbrokers, how they have to produce, produce, produce, to keep up their means. It shows how bigger and better EVERYTHING is rewarded by brokerage firm management. Managers want brokers to get nicer cars, buy bigger houses. They hold out carrots at the office too corner offices, secretaries, and trips all in a design to keep brokers in the firm's nest. Rife with information, including charts, tables, and graphs, Demystifying Wall Street is meant to be used as resource guide, a resource guide, mind you, that tells a story. My personal experiences and anecdotes are meant to grab readers' attention and engage them. But the book itself is full of easy-to-understand financial lessons.

Disclaimer: www.yourbookbest.com does not own Demystifying Wall Street books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Demystifying Wall Street

Demystifying Wall Street

File Size : 66,66 MB
Total View : 7760 Views
DOWNLOAD

This is the book that Wall Street doesn't want you to read. It's a book about my experiences, my insights, and my take on the brokerage business. As a top-produ

Demystifying Wall Street

Demystifying Wall Street

File Size : 6,6 MB
Total View : 4184 Views
DOWNLOAD

This is the book that Wall Street doesn't want you to read. It's a book about my experiences, my insights, and my take on the brokerage business. As a top-produ

Demystifying Wall Street

Demystifying Wall Street

File Size : 40,40 MB
Total View : 2771 Views
DOWNLOAD

Discusses how the stock market is organized and describes a variety of investment systems

Demystifying the Stock Market

Demystifying the Stock Market

File Size : 64,64 MB
Total View : 8088 Views
DOWNLOAD

An investment primer which defines a stock, shows how the market works, how to trade issues and find information on stock performance, how to read a stock repor