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Reddit mentions of Serious Money: The Art of Marketing Mutual Funds

Sentiment score: 1
Reddit mentions: 1

We found 1 Reddit mentions of Serious Money: The Art of Marketing Mutual Funds. Here are the top ones.

Serious Money: The Art of Marketing Mutual Funds
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Found 1 comment on Serious Money: The Art of Marketing Mutual Funds:

u/jhwyung ยท 1 pointr/FinancialCareers

Get a sales job somewhere.

Being a stock broker surprisingly has very little to do with selling stocks as it does with growing your assets under management. To grow your AUM you need to learn to sell a lifestyle to a potential client and give them the idea that their money is safe with you. Sales jobs will help structure your pitch.

You need to be able to learn about how you financial instruments work and explain the daily economic events in plain english to people but the expectation isn't to call the market 100% of the time. The firm you work for will have an entire research department to support you and they'll usually do most of the hard work, just read the reports every morning and parrot their advice. I've met IA's that have never made their own call on a position their entire career.

This is one of the careers in finance where you're ability to succeed isn't dictated by your smarts but by who you and your family knows. You could hustle all day but if you don't know any rich folks its going to be a hard uphill battle.

One book that I was given early on that did help me was
https://www.amazon.ca/Serious-Money-Marketing-Mutual-Funds/dp/0943570115

Not the best but it helped point me in the right direction mentality wise.