However if you have been fascinated by Stocks and Shares I would have thought you would realise that although you won't have a Rothschild, you still have people who see where market rends are going and work the system.
The one point I learnt (too late to make really massive money) is that if you invest in Stocks have the dividend paid in more stocks not as cash, and compound interest on compound interest takes over, and do your homework before buying spread your risk and hold for the long term.
So I hear you ask the question why has no one done that before, they have, he is called Warren Buffet.
Oh and I have a tiny pension which has done that and returned 78% since 2008.
Shame it wasn't a big pension lol.
The days of walking onto the floor of the stock exchange wearing a top hat and making contracts with jobbers (with bowler hat and notebook) are long gone. Dealing is all done by computer. However, it is still basically the same contract. You agree with a market maker (they are mostly banks these days) to buy or sell shares at a particular price. At the end of the monthly account, you have to pay up and the market maker has to balance his book.
Wolf of Wall Street is about bucket shops not stockbroking. Obviously stock broking changes (Big Bang) but I think it is still thriving.
Hi ashley
that is a myth the problem with stocks and shares is they are so moved by commodity dealers and so it will always be a lucrative market. say there was a bad coffee harvest the next year the price would rise so high it may even treble the price. corn and rice the same world shortages are what control these things.
Computers are only as clever as the programmes they run, which are reliant on human input.They are not capable of expressing honesty,integrity and trustworthiness,which are and will remain human emotions. Where these virtues are absent then the sentiments as expressed in the films mentioned come to the fore when accompanied with numeracy, so glaringly lacking in the wider community, gullible for hype and sweet words.
LOL
I have always been fascinated with stocks and shares from a young age, so I've always wanted to be a stockbroker when I'm older. Lately I've seen all these movies like Wall Street: Money Never Sleeps as well as the new Wolf Of Wall Street, and you see all this mischievous and glory days, but are the glory days still alive, or are traditional stockbrokers being pushed aside by newer computers, please help.
