How Wall Street Transactions Really Work
You click a button and buy a stock, then it’s yours, right? In reality, you can’t be so sure what’s going on when you buy stocks or bonds from a brokerage–and there’s a good reason why.
The Shape of Wall Street
Most workers on Wall Street aren’t wolves or math geniuses — in reality, the industry has a lot of room for smart people to apply a wide range of skills to get rich.
Option Shortcuts
A recent scandal at Jane Street and Millennium over a top-secret options play that is extremely lucrative just demonstrates the potential for options–not to gamble (as retail investors so often do), but to boost returns by assessing risk miscalculations in the market. This happens a lot, and the only way to be on the winning side is to master options and all the option plays out there. No wonder it’s a big topic on the Series 7, and one you’ll need to master to work on Wall Street, even if you never touch an options contract in your life.
Debt Details for the Financial Professional
While equities get most of the spotlight, you won’t work on Wall Street if you don’t know how to analyze bonds. The government will see to that.
Calculating Values on the Series 7 Exam
To prepare and pass the Series 7 exam, you’ll face much of the fundamental math of finance, but you’re likely to face it in a way that is confusing or unclear. To make sure you break through and understand the test’s questions, you’ll need to have a firm foundation in the ideas the test is asking about–but what are those mathematical ideas on the Series 7 exam? Zolio explains.
How to Easily Calculate Options Plays
Options math is done by computers these days—unless you’re taking an exam to work on Wall Street. Yes, you need to know how to do the math by hand—fortunately, Zolio is here to help!