Word: brokering
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...ponders some escape. After all, Sherwood Anderson was 36 when he quit running an Ohio paint factory and started writing fiction. Gauguin was a sometime Parisian broker of 43 when he ran off to paint and wench in Tahiti. Should he dye his hair, have an affair, get divorced, quit his job? But how can he sacrifice that pension, that company-paid insurance? What girl wants him? What new employer...
...Brokers have been offering market courses for years, but the number and variety are burgeoning. For the teaching broker, the rewards can be considerable. Firms have found that 35% to 40% of their students sign up for accounts. In Cincinnati, Thomas Shuff of Hayden, Stone Inc., has started an eight-week, non-credit course on investments at the city university. Last week, at the first session, he was pleasantly surprised to find his classroom packed with 200 possible accounts. Even unions, with big pension funds and increasingly affluent members, are eager to learn about the market. Reynolds was recently asked...
...promptly lost, but his infatuation with the stock market continued. A junior-year dropout from California State College, he amassed $10,000 in such small business ventures as building concrete aprons for driveways and operating a gas station, before going to work for Bache & Co. as an assistant broker at $217 a month in 1956. Ten years later, when he joined Shareholders Management Co. of Los Angeles, which operates Enterprise Fund, he was able to buy a 20% interest. Today Carr's personal worth is estimated at over $4,000,000 and he can devote more time...
That knowledge is important, for along with the large institutions, some relatively small brokers often come close to controlling markets in the stocks of small but "glamorous" companies. It is no trick these days for a broker to have $20 million in buying power. If he is attracted to a company that has few shares outstanding, induces his customers to buy the stock, and puts only 5% ($1,000,000) of his buying power into it, the demand is likely to drive the stock up simply because its supply is so limited. Many brokers tend to favor lower-priced issues...
...months. Now most of them have calmed down, and new vogues may be beginning. But how is the individual investor to know what those vogues will be? Though there is no sure answer, most people find that it pays to shop around for a sympathetic and knowing broker. At the very least, he can be expected to know what other brokers are buying and selling...