This is my first (but not last) post.
I have been reviewing the archives and I notice that NASD Newbie offers
some negative insights into young men who are entering into the
industry. I am 24 years old and have trained at Oppenheimer only to
make a switch to a major wirehouse and complete their training program.
One argument often presented by NASD Newbie and many others is, "no one
will trust a 24 year old child with his retirement assets", while this
argument has merit it should be examined in further detail. Why do most
young adults fail in this industry? The answer is a lack of maturity.
Most 24 year olds lack maturity and it is evident in the way that they
present themselves to their prospects. This is not to say that all 24
years olds and the like lack maturity. It should be noted that many
young adults entering into this industry are very well educated and
come from backgrounds that would put most of us to shame. I am not one
to make assumptions, but just by passing the series 7 alone an advisor
in the industry has established some credibility. I must counter with
the question, why do these wirehouses spend lots of money in salary and
health benefits if the presumption is that young adults cannont make it
in the industry? Are the naieve? Or could it be that success at a young
age should be examined on an individual basis rather than the
population as a whole? In the words of Bill O'Reilly, pithy comments
are appreciated, and remember, no bloviating.