Comments on: How does the economy affect the stockbrokers at a time like this? http://www.newstrailer.net/finance/how-does-the-economy-affect-the-stockbrokers-at-a-time-like-this We Trail The Business News and Report Tue, 22 May 2012 05:07:59 +0000 http://wordpress.org/?v=2.2.1 By: PENWESTERN http://www.newstrailer.net/finance/how-does-the-economy-affect-the-stockbrokers-at-a-time-like-this#comment-12418 PENWESTERN Tue, 09 Mar 2010 16:24:07 +0000 http://www.newstrailer.net/finance/how-does-the-economy-affect-the-stockbrokers-at-a-time-like-this#comment-12418 Well, I will take a stab at this although I am not a stockbroker. I believe they make money when the client makes a trade. If the client sells I believe that is when he makes commission. A lot of people are selling so the stockbrokers are likely making $ for now. I do not know for sure if stockbrokers make money on a flat portfolio that does not trade. There may be some small annual fee but I am not sure. If customers decide in mass to go cash then the stock broker will likely be out of work and bankrupt if he/she bought stocks prior to this down market. It used to be a lucrative career if you are good at sales and people trust you. You must wear a suit and tie and sit in an important office perhaps at a bank or a downtown investment firm such as Goldman Sachs. Well, I will take a stab at this although I am not a stockbroker.

I believe they make money when the client makes a trade. If the client sells I believe that is when he makes commission. A lot of people are selling so the stockbrokers are likely making $ for now.

I do not know for sure if stockbrokers make money on a flat portfolio that does not trade. There may be some small annual fee but I am not sure.

If customers decide in mass to go cash then the stock broker will likely be out of work and bankrupt if he/she bought stocks prior to this down market.

It used to be a lucrative career if you are good at sales and people trust you. You must wear a suit and tie and sit in an important office perhaps at a bank or a downtown investment firm such as Goldman Sachs.

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