The Wall Street Journal recently reported that there is a strong correlation between the number of times a Wall Street stock broker failed the qualifying Series 63 exam, and the number of red flags on that individual's broker check record in terms of their performance. These red flags increased across the board, apart from in one very unsettling category.
In this segment from Tuesday's Where the Money Is, Motley Fool financial analyst Matt Koppenheffer takes a look at the performance of Wall Street stockbrokers compared to the number of attempts it took to pass this qualifying exam, and discusses why you might be completely unaware that your stockbroker is performing very poorly with your money.
The greatest thing Warren Buffett ever said
Warren Buffett has made billions through his investing and he wants you to be able to invest like him. Through the years, Buffett has offered up investing tips to shareholders of Berkshire Hathaway. Now you can tap into the best of Warren Buffett's wisdom in a new special report from The Motley Fool. Click here now for a free copy of this invaluable report.