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do you need a lisence?
- Thread starter shkmhk
- Start date
It varies. If you live in the U.S., I think each state has its own rules about this. If you go to Interactive Brokers, they have an account type called "Friends and Family Advisor" account, where you can manage other people's money. They say you need to contact your state to see what the specific rules are.
you better be pretty dam good to take other people and lose thier hard earned moeny, or else have really understanding people or people who have enough money they won;t miss it.
Seriously, you set yourself up for a psychological falilure, the pressures of your own money are hard enough without dealing with the otehr people,
Seriously, you set yourself up for a psychological falilure, the pressures of your own money are hard enough without dealing with the otehr people,