Friday, May 24, 2019

Brandon Roth #4

Over these past two weeks at Dorsey and Company, I am certain that this is the business I want to be a part of following my education.  Besides the weekly lunches to Antoines and Manning's, I really enjoyed my time learning and experiencing the daily life of a financial advisor.  Dorsey and Company is a small local company that has retained around $1.4 billion in client assets and much like the advisors there, I would love the chance to be able to manage these large sums of money.  The more money you manage, the more money you make.   Mr. Skip has taught me so much about the finance industry and has helped me grasp the underlinings of how everything works.  I appreciate the opportunity Mr. Skip had given me to be part of his work for the past two weeks and am truly thankful for the experience.  The main thing that Mr. Skip reiterated day after day is to begin saving for retirement as soon as possible.  He says the earlier you save, the higher the return later in life will be because of the compounded interest growth.  The final thing I learned at Dorsey and Company was the main way how the stock market functions and the reason why a stock market can crash.  The stock market is all depended on the central bank and the central government which has the ability to lower/raise interest rates and to print money.  Along with this, I learned the three main reason the market functions is because of short term debt, long term debt, and productivity growth.  Without getting into detail, I found this very interesting one again strengthening my love for the industry.  

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