>> My name is Scott Walters.
I'm a trader for Legg Mason, Private Portfolio Group.
The Private Portfolio Group administers somewhere around 35,000 accounts
across the country and has around 15 billion dollars under management.
My primary responsibility is to trade on behalf of just a little over 20 portfolio managers,
based out of New York City and San Francisco and coordinate with them
and all the other necessary parties to accomplish that.
So, really after 5:00 I begin my commute into New York City and during that commute I'm trying
to catch up on overseas information, predominately Europe at that point
because Asia will have been closed for several hours
and I'll probably already know what happened in Asia the preceding evening.
Spending my morning getting prepared for my day, so thinking about the economic releases that are
yet to come and how I'm going to best suit my portfolio managers,
should they decide to come in and trade that day.
I'll usually arrive at the office around 7:00, a little before or after and spend my time
between 7 and 9:30 continuing getting prepared for the day ahead or we may already have orders
in the European or Asian markets, which we're working throughout.
Well, 5:00 might not be necessary for everyone.
I got a little bit longer of a commute than some other people, but I think that it's important
to get the day started on the right foot.
So, although I hadn't scheduled a class my freshman year before noon the first semester,
this is just a lifestyle difference.
And what's great about being a trader is that when the New York market shuts down,
generally the vast majority of our work is done for the day and come 4:30
or so if I've I done all the preparation work correctly throughout the day, I can usually shut
down my station and try and get home at a reasonable hour.
And it will allow for a quality of life on the backend of my day.