![]() BB terminals provide up to the minute information on all sorts of sectors, industries and data for all of the above and more. The same logic why they buy oracle or sybase or windows licenses. I think funds buy it since at the end of the day 20k an year is just chump change for many big financial firms. The messaging systems or email sucks but that is part of their internal company infrastructure. Seriously, big fishes have it only in smaller numbers while the small and medium banks buy into the hype. Since this is propertiary, many folks once they have money, like hedge funds or smaller funds think that it is essential since they have to communicate with clients in same format or serious clients demand them. "Terminal" is nothing but a customized PC + security + custom keyboard functions. Just like people say Windows is good for a work pc. Other than that, it is pretty much convenience. There is none for Bonds historical prices that I saw online. For stocks there is morningstar or google finance etc. But you are right, average retail investors might not need it. Not saying that it does not have benefits. Students - law and finance schools use that. If you want to enter finance you can't go wrong by starting off with solid Excel skills. It's worth checking out Mr.Excel, Peltiertech, Ozgrid, and maybe JuiceMetrics. Take the time to gain a really solid understand how to use it: Pay special attention to =VLOOKUP, =INDEX, =MATCH, charting, pivot tables, financial equations, and the basics of macros/VBA. MS Excel is the go-to tool for everyone in the entire industry. how contracts work, the basics of risk management, common acronyms, etc).Īlso master Excel. Learn the the basic history of the profession and the basic building blocks used (eg. Learn what factors drive your market or industry. Instead, focus on learning the fundamentals of whichever financial career it is that you're going to get into. Any place worth working at will train you on the thing. The exclusivity is part of what makes it so appealing. Anyone wishing to invest should seek his or her own independent financial or professional advice. Trading may not be suitable for all users of this website. RISK STATEMENT - The trading of stocks, futures, commodities, index futures or any other securities has potential rewards, and it also has potential risks involved. You understand that you are using any and all information available on or through this forum AT YOUR OWN RISK. YOU SHOULD NOT MAKE ANY DECISION, FINANCIAL, INVESTMENTS, TRADING OR OTHERWISE, BASED ON ANY OF THE INFORMATION PRESENTED ON THIS FORUM WITHOUT UNDERTAKING INDEPENDENT DUE DILIGENCE AND CONSULTATION WITH A PROFESSIONAL BROKER OR COMPETENT FINANCIAL ADVISOR. The Information on this forum and provided from or through this forum is general in nature and is not specific to anyone. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. NO FINANCIAL ADVICE - The Information on this forum is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. Violators will receive warning(s) or temp bans. Insubstantial threads, thoughtless questions, and poorly conceived posts will be deleted. Questions, ELI5s, etc belong in the weekly sticky. You will receive a probation (temporary ban) for disregarding this rule. Questions regarding loans, refinancing, mortgages, credit cards, investing and anything else that may be related to personal finance should be directed towards the subreddit /r/personalfinance. Welcome to r/Finance - a place to discuss multiple facets of corporate and advanced finance (and careers within), including: financial theory, investment theory, valuation, financial modeling, financial practices, and news related to these topics. Finance - #redditfinance and #finance on freenode
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