Too old to become a stockbroker?

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Nov 11, 2007 9:26 pm

For those already in the game, do you think 34 is too old to become a stockbroker trainee?

Nov 11, 2007 9:53 pm

Too old or too young? I know plenty of successful brokers that started in their late 40’s and early 50’s as 2nd careers. Maturity goes much farther in this business than “youthful energy”. However, if you think you are over the hill at 34, you might have challenges.

Nov 11, 2007 10:49 pm

I agree age itself won’t be a problem - in fact an asset.

The bigger question is how long are you willing to sacrifice financially?  You’ll almost inevitably make less money that you would almost anywhere else in the first few years.  If you can survive THAT, you have a chance to make serious change.  Many your age can’t persevere because of family financial commitments.

Nov 12, 2007 8:03 pm

I started at age 48 - 9 years ago - the shame of that statement is that I spent 5 years before that, worrying that I was too old to start a new career. What an idiot I was. Dont make the same mistake.

But ask yourself the more important questions. Do you have the passion, do you have the energy, and as has been said here already, do you have the capital. Dont expect to make serious money for a few years - just expect to kill yourself for not a lot of instant gratification. After a few years tho it takes on a life of its own. Are you too old at 34? If I didnt know better, I would think that was a joke, not a question. 
Oct 12, 2011 8:48 pm

I just turned 44 and I am greatly considering changing careers and becoming a stockbroker trainee.  I like what Troll and the rest of you have said, but I need some more guidance and input.  Please advise.

I once was a trainee in the 90's and used to make 3 - 500 calls a day so I know what it entails.

Oct 13, 2011 10:02 am

That actually seems like a good age to get started in the biz.  I'm 24 and started three months ago, just made my first trade today.  Got the guy off a cold call, he is 61, asked how old I was when I was opening the account.  I'm afraid that being so young is going to turn older individuals off because they won't trust me.  This guy is a prominent attorney and has millions.  I want all of his business.  How can I approach these people for more of their business?

Sep 4, 2014 1:23 am

i am 28 and started 4 years ago. i got the guy off a cold call, he is 53. he asked me how old I was when I was opening the account. i was little confuse to answer him. is anyone here who tell me how can i approach these kind of peoples??

What your stock broker doesn’t want you to see!