A Whole New World

Hey everyone, I am brand new to this investment banking and finance world. I had a few questions and I was hoping someone would be able to help me and give me the guidance that I need. I just got my Series 7 and 63 and I work for a small boutique investment bank here in NYC. I've been with them for about 3 months being sponsored to study for the licenses, and only about a month or so on the phones(I only have two clients in my book). I work in Equity Sales and it is mostly trying to get other hedge funds and money managers to buy my firm's IPOs, secondaries, private placements etc. There is a good base of 48k and the commission structure seems pretty favorable and equitable for the work put in, but this is my first experience so I have no clue. I was first interested in this world when I saw Anton Kreil videos on Youtube a while back about being a trader at GS and I always wanted to do something in that field as the risk management aspect of it attracted me the most. I understand that the Series 57 would be my entry into that world, but I have no clue if I will have to learn Python and/or C++ to do what I want to do in the future. I currently want advice about managing this current job an what I should expect for the next year or two getting experience before moving to the trading side.

I have watched every single available video of Berkshire Hathaway annual meetings, read all the annual reports and read the Benjamin Graham, Peter Lynch, Warren Buffet, and Charlie Munger stuff(along with a little Bill Ackman). I generally feel that my trajectory in my career path will be to stay at this firm for a year or two to accumulate enough capital(since I have no real expenses besides rent) that I can have enough to invest in the inefficient market pricing opportunities. I currently have a cost basis of about 40k in a brokerage account earning significant dividends and capital appreciation with common and preferred and I plan on adding to that in the future when I find something I like. I currently only have a portfolio with two stocks. I then plan on moving to the trading side where I feel I can make more on the Profit/Loss compensation opportunities to get even more capital to work with. My end goal is to have a holding company that I can one day take public and maybe raise enough capital to be a member of ownership at a hedge fund or just stick to my holding company.


I understand that I may have a lot of misconceptions and it may be apparent in my writing, but feel free to pick them apart as I really just want to know the reality of what I am in and what to expect. I do not want to have any delusions or misgivings about what I can reasonably foresee happening for me. So please any comment, criticism, advice, or just something you wish you knew earlier is all welcome. Thank you for your words in advance! I look forward to reading it.

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