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yousirname
Greenhorns Joined: Aug/12/2016 Status: Offline Points: 53 |
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Posted: Aug/12/2016 at 3:05am |
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Perhaps I should read other peoples intros first... oh well! I hope you're all enjoying your time on this swiftly spinning planet!
The work I've been so caught up in lately is for an investment advisory firm. I'm an individual rep with series 7, series 66, life/health insurance licenses. I've been licensed just over four months and haven't come close to earning my keep. I'm finding out that this is a lot more of a sales job than my recruiter led me to believe. I know that I can learn what it takes to make my dream job a reality, and I'm here to soak up all the knowledge you so gloriously exude. Thanks, all of you, for your nuggets! |
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SometimesNowhere
Gold Member Joined: Mar/11/2010 Status: Offline Points: 13989 |
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You should just quit now.
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wiredup
Platinum Member Joined: Mar/11/2010 Status: Offline Points: 22776 |
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Go to each of your parents, in-laws, any family and friends you have, get them to max out as much credit, equity lines, 2nd mortgage their house, raid their 401k's, pensions, 529's, brokerage accounts and get them to give it to you so you can start your first hedge fund or family office.
You won't have to be a salesman because they know you and trust you and this way you can use your extensive investment prowess to take on the Titans of the Industry. Show everyone you aren't a salesman, you're a big swinging dick. And when they are calling you to make the decision on which $8mm home in the Hamptons to buy, you can tell them to reinvest and next year they'll be able to buy both of them. Have a good exit strategy and new identity pre-made just in case you're delusional as fuck and really don't know what you're doing as an investment manager though. But the good thing with family money is its like Cortez burning his ships, you'll be forcing yourself to succeed! |
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missionshooter
Senior Member Joined: Feb/12/2014 Status: Offline Points: 6136 |
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#1 this is a sales job. When you realize sales is a extremely difficult profession that you aren't cut out for with your neat finance degree on your wall, you will take a job at Enterprise Rent a Center with a stable $35,000 salary.
Good Luck! |
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yousirname
Greenhorns Joined: Aug/12/2016 Status: Offline Points: 53 |
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I do plan on quitting somewhat often, but then something keeps me hanging on. I love knowing that I'm not alone, and I love the cynicism and humor here. It helps me realize that things aren't so bad.
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yousirname
Greenhorns Joined: Aug/12/2016 Status: Offline Points: 53 |
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My keep is pretty close to that Rent a Center salary, but I don't have a finance degree. The grass is brown on both sides of the fence for me right now, but only one side will turn into a garden after a few years of hard work and difficulties. Thanks for the well wishes!
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SometimesNowhere
Gold Member Joined: Mar/11/2010 Status: Offline Points: 13989 |
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You're way too nice to hang around here. Fuck off.
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yousirname
Greenhorns Joined: Aug/12/2016 Status: Offline Points: 53 |
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Right! I knew those penis enlargement pills would come in handy! I really liked the idea of getting paid to help people make good decisions with their money, like there are people hiding under every rock that could be informed how best plan for retirement. I live in a fairly rural area, and so far this seems to be true. The rocks are just few and far between.
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yousirname
Greenhorns Joined: Aug/12/2016 Status: Offline Points: 53 |
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I'm loling my head off. It's so great how you keep it real. I guess I'm a bit preconditioned to be pleasant, the few advisors in my office are nothing but nice to me. This must be why the abrasiveness and dire warnings of misery are relieving.
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RIArules
Platinum Member Joined: Mar/15/2010 Status: Offline Points: 36495 |
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They just want your book when you fail. |
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wiredup
Platinum Member Joined: Mar/11/2010 Status: Offline Points: 22776 |
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They are probably nice as shit to your face, but if they start saying "Serenity Now!" under the breath, I'd be concerned as fuck. In this industry you need thick skin, confidence and humility.... Because this job will be too easy one day and then kick in your ballsack repeatedly the next. It's OK if you don't have humility yet, because you will, ask APAC. But don't worry, there's more good news in the form of the DOL, few compression, scumbag attorneys who can't wait to Monday Morning QB your recommendations into an arbitration hearing which is usually not stacked in your favor. Let's not forget increasing regulation expenses, which B/D's don't concern themselves with because they can pass it on to you, and then you can pass it on to the clie.... I mean eat yourself as a cost of doing business. Pretty soon you'll be making 1st Level Manager money at Enterprise Rent-A-Car but the liability of an experimental non-FDA approved Rx pusher with a medical degree. And when you add the fact that you will have to slowly and steadily build a few based book of business over a 10-20 year period in order to make decent money I only have one thing to say...... Welcome to the Club! |
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TheStupidInvestor
Senior Member Joined: Aug/10/2013 Location: Canada Status: Offline Points: 1403 |
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best advice i could give you is to sell as much 7% (or 8%) dividend whole life insurance.
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anonymous
Senior Member Joined: Oct/26/2010 Status: Offline Points: 3687 |
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yousirname
Greenhorns Joined: Aug/12/2016 Status: Offline Points: 53 |
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Yeah! I knew these guys were on to something! http://finance.yahoo.com/m/b9e90b47-9218-34e3-b041-42b765181fcb/ss_why-emergency-funds-are-a-bad.html?soc_src=social-sh&soc_trk=tu
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mikec
Rookie Joined: Aug/30/2016 Status: Offline Points: 3 |
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Hi! Just joining now!
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