The Beginning of the EDJ experience
Hello RR community im a newbie. Got a strong background in sales, but im 22 and dont have massive experience in anything, so this will be my first real big step...leap... inot the real world. Just a lil background: Im not a college grad. Im an african american in the deep south, Alabama to be exact. But i think i can do it, in fact, i've never failed anything i put 100% into. I have read and read and read all the opinions, advice, etc about EDJ over the past week or so from this site and others like it and im not dissuaded, tho im a LOT more informed, thanks to you guys. I just visited with my local EDJ FA and had a great time. Knocking on doors is not a big deal to me at all, so im ok with that. Im waiting the obligatory 10-14 days to hear back from them, its hard being patient, but oh well. Just wanted to introduce myself to yall, im definitely not an expert in finances, im not an expert at all, i just bought a "High Powered Investing for Dummies" book...lol! But im humble and willing to learn, and i'll bust my ass for what i want. Its a pleasure being here ladies and gents
Looks like Wind took Spiff’s advice and decided to come back with a new name and a new attitude.
Welcome!
This post is going to start a machine gun fight and all shots will be fired toward EJ. I am heading for cover. Yikes!
Knocking on doors will be a big deal to you after doing it for 5 weeks in weather that is not ideal with sore feet.
That said, all of my clients except three have come via door knocking (only been selling 4 weeks) so it does work. I’ve gotten what I consider good accounts and what VETS would be happy not to get. Good luck - just remember, you are doing this for yourself - not Jones.
Knock on doors - yea!
Good luck to you JB! You picked a good firm to start with. I like your attitude. When you decide you want to take home more of what you earn, PM me!I read that post and topic when yall told him to do that lol. But nah im a newbie for real green as grass and scared of a lawn mower lol.Looks like Wind took Spiff’s advice and decided to come back with a new name and a new attitude.
Welcome!
actually i used to sell CutCo Cutlery…now that was a hard job, convincing ppl that in this economy knives is what you needed…lol what a joke.
[quote=JBEliteIII]
Hello RR community im a newbie. Got a strong background in sales, but im 22 and dont have massive experience in anything, so this will be my first real big step...leap... inot the real world. Just a lil background: Im not a college grad. Im an african american in the deep south, Alabama to be exact. But i think i can do it, in fact, i've never failed anything i put 100% into. I have read and read and read all the opinions, advice, etc about EDJ over the past week or so from this site and others like it and im not dissuaded, tho im a LOT more informed, thanks to you guys. I just visited with my local EDJ FA and had a great time. Knocking on doors is not a big deal to me at all, so im ok with that. Im waiting the obligatory 10-14 days to hear back from them, its hard being patient, but oh well. Just wanted to introduce myself to yall, im definitely not an expert in finances, im not an expert at all, i just bought a "High Powered Investing for Dummies" book...lol! But im humble and willing to learn, and i'll bust my ass for what i want. Its a pleasure being here ladies and gents
[/quote] What part of Africa are you from? How long have you been in the U.S.?The forum has been a bit dry lately without everyone flinging poo at wind. Can't wait!!! JB - I think that you will do yourself a favor by doing two things here: 1) Stop typing "lol" in your posts. We're not a bunch of teenage girls (well, most of us aren't). 2) Don't admit that you bought "High Powered Investing for Dummies". With that said, I wish you the best of luck. It's a tough road. Everyone thinks they are going to be in the 5% that make it.This post is going to start a machine gun fight and all shots will be fired toward EJ. I am heading for cover. Yikes!
He’ll learn more about investing from that book than he will from EDJ.
From Amazon.com: [quote]"From the Back CoverJust wanted to introduce myself to yall, im definitely not an expert in finances, im not an expert at all, i just bought a “High Powered Investing for Dummies” book…lol!
10 books in 1 — your key to success in high-end investments
Your essential guide to expanding your portfolio with more aggressive investment vehicles
Want to make smarter, more profitable high-end investment decisions? This hands-on guide arms you with an arsenal of advanced investing techniques for everything from stocks to futures and options to exchange-traded funds. You'll see how to trade the FOREX market, evaluate annuities, choose the right commodities, and buy into hedge funds. And you'll find out how researching business fundamentals and using technical analysis can help you make smarter decisions and maximize your returns!"[/quote]
Guess if you want to be at the forefront of the best market trends and take advantage of trading futures, options, hedge funds, trading the FOREX market, there's no better place to utilize those options than EDJ! LMFAO, I love this guy![/quote]
What part of Africa are you from? How long have you been in the U.S.? [/quote] Joke right? African American = plain ol black... ANd i have no problem being able to laugh at myself or admitting to buying that book. Im 22 and dont have the answers and need it broken down in laymans terms. Im not about to be here all serious and stuff, i'm here to learn and hopefully you experts can help me there. Seriously, when EDJ hires me on, the seriousness of life will begin in earnest....You sound like you have a pretty good attitude about this. I have no idea if EDJ is the right place for you or not, but I would suggest that you don’t take a job from them without exploring your other options also.
[quote=JBEliteIII]
[/quote]
What part of Africa are you from? How long have you been in the U.S.? [/quote] Joke right? African American = plain ol black... ANd i have no problem being able to laugh at myself or admitting to buying that book. Im 22 and dont have the answers and need it broken down in laymans terms. Im not about to be here all serious and stuff, i'm here to learn and hopefully you experts can help me there. Seriously, when EDJ hires me on, the seriousness of life will begin in earnest....[/quote] Then you're an American. Why do you call yourself african American, if that's not what you are?To let you know i was black…just like a hispanic or a japanese person would usually put that in there to let you know what there origin is. Which is also why i added the deep south part. Guess i could have just said im an american living in America… I said it so you guys could kinda have a feel for the demographic and challenges, perceived or otherwise, that id have to face to succeed in the “Jones Model” in my area being a young black male. I hear yall talking about credibility and such on other topics dealing with EDJ, well i feel like living where i do i have a strike against me already… Of course this aint the 60s but still, most of my “target” are from that era… so that’s why i said african American
Why didn't you just say you were black? Why did you need to mention it at all? Calling yourself AA tells me that you are not good enough to call yourself an American - that you are seperating yourself from the rest of us. That is racist.To let you know i was black…just like a hispanic or a japanese person would usually put that in there to let you know what there origin is. Which is also why i added the deep south part. Guess i could have just said im an american living in America… I said it so you guys could kinda have a feel for the demographic and challenges, perceived or otherwise, that id have to face to succeed in the “Jones Model” in my area being a young black male. I hear yall talking about credibility and such on other topics dealing with EDJ, well i feel like living where i do i have a strike against me already… Of course this aint the 60s but still, most of my “target” are from that era… so that’s why i said african American
First, welcome to Jones. Second, there are better books to buy. Story Selling for Financial Advisors is a great start. Anything written by Nick Murray should be read also. Also, if you're a Facebook guy, look for a guy named Don Connelly. He's a guru in the analogy biz and puts some great stuff on there from time to time.
Your timing could be just about perfect if you get hired. Your Series 7 study process and KYC class should take you through the hottest part of the summer. So, your doorknocking should get into full swing in the fall. Pretty good time in S. Alabama to be out and about. Selling knives may actually be easier than selling investments right now, but if you're up for a challenge and a hard worker, you'll be fine. Let us know if/when you get the offer letter.[quote=JBEliteIII]To let you know i was black…just like a hispanic or a japanese person would usually put that in there to let you know what there origin is. Which is also why i added the deep south part. Guess i could have just said im an american living in America… I said it so you guys could kinda have a feel for the demographic and challenges, perceived or otherwise, that id have to face to succeed in the “Jones Model” in my area being a young black male. I hear yall talking about credibility and such on other topics dealing with EDJ, well i feel like living where i do i have a strike against me already… Of course this aint the 60s but still, most of my “target” are from that era… so that’s why i said african American
Why didn’t you just say you were black? Why did you need to mention it at all? Calling yourself AA tells me that you are not good enough to call yourself an American - that you are seperating yourself from the rest of us. That is racist. [/quote]
Shut up Hack…
Why didn't you just say you were black? Why did you need to mention it at all? Calling yourself AA tells me that you are not good enough to call yourself an American - that you are seperating yourself from the rest of us. That is racist. [/quote] WHAAAT?!?!?!? Websters defines African American as "an American of African and especially of black African descent" Heck the government uses African American, The media uses African American...So i guess everybody is rascist...actually everybody IS rascist...DOWN with the MAN (raises black power fist)...seriously...i feel like you're trying to bait me with that "rascist" comment. Oh well good try. But yea the original reason i wrote AA in the first place, does anybody have any comments on that? Can i be succesful in this area?[quote=JBEliteIII]To let you know i was black…just like a hispanic or a japanese person would usually put that in there to let you know what there origin is. Which is also why i added the deep south part. Guess i could have just said im an american living in America… I said it so you guys could kinda have a feel for the demographic and challenges, perceived or otherwise, that id have to face to succeed in the “Jones Model” in my area being a young black male. I hear yall talking about credibility and such on other topics dealing with EDJ, well i feel like living where i do i have a strike against me already… Of course this aint the 60s but still, most of my “target” are from that era… so that’s why i said african American
[quote=Spaceman Spiff]
First, welcome to Jones. Second, there are better books to buy. Story Selling for Financial Advisors is a great start. Anything written by Nick Murray should be read also. Also, if you're a Facebook guy, look for a guy named Don Connelly. He's a guru in the analogy biz and puts some great stuff on there from time to time.
Your timing could be just about perfect if you get hired. Your Series 7 study process and KYC class should take you through the hottest part of the summer. So, your doorknocking should get into full swing in the fall. Pretty good time in S. Alabama to be out and about. Selling knives may actually be easier than selling investments right now, but if you're up for a challenge and a hard worker, you'll be fine. Let us know if/when you get the offer letter. [/quote] Thanks for the positive post. And ima definitely look those books up. I need something target to FAs not just the general public trying to learn about investing. Those sources will help tremendously. I'll def let you know when i get that offer letter, looking forward to itJB, welcome to the investment world!! I started at EJ in November of 2003 and they provide good training. Do what they ask you to do and with your good attitude you will be successful. It’s hard work and very few survive, but all of us on the forum are a testament that some do survive.
Speaking of the forum, you can get some good advice and perspective from the participants, and most of us are not an a**hole like HAAIC, just take everything with a grain of salt and realize some LOVE Edward Jones and some HATE them, most of us don’t care one way or another. I went Indy about 4 months ago and could not be happier. Everything I learned at EJ helped me to succeed in the business. Good luck in your endeavor.
lapide
I am no longer with Jones. When I was with Jones, I saw a number of black reps come and go in our region. I’m in Texas, and I think a black guy will have a harder time of making it in this business than a white guy. Especially with the Jones model. I would bet that a black guy going door to door (even in a suit) will get the cops called on him more than a white guy (even more so for a young black guy).
I would suggest you do some sample door knocking to get a feel for the town's attitude. And, unless you have a built in network of family or family contacts, I would think long and hard about coming in now (I would give that advice to anyone, not just a black person). Just my $.02.Why didn't you just say you were black? Why did you need to mention it at all? Calling yourself AA tells me that you are not good enough to call yourself an American - that you are seperating yourself from the rest of us. That is racist. [/quote] WHAAAT?!?!?!? Websters defines African American as "an American of African and especially of black African descent" Heck the government uses African American, The media uses African American...So i guess everybody is rascist...actually everybody IS rascist...DOWN with the MAN (raises black power fist)...seriously...i feel like you're trying to bait me with that "rascist" comment. Oh well good try. But yea the original reason i wrote AA in the first place, does anybody have any comments on that? Can i be succesful in this area?[/quote] How do you know that you aren't of jamaican or haitian descent? White people are the one's who started calling you African Americans. Did you know that? Your people permitted it. I wonder what we're gonna call you next. You want a comment? Here it is: I think that your attitude about yourself as different will have a negative impact on the level of success that you obtain.[quote=HAAIC][quote=JBEliteIII]To let you know i was black…just like a hispanic or a japanese person would usually put that in there to let you know what there origin is. Which is also why i added the deep south part. Guess i could have just said im an american living in America… I said it so you guys could kinda have a feel for the demographic and challenges, perceived or otherwise, that id have to face to succeed in the “Jones Model” in my area being a young black male. I hear yall talking about credibility and such on other topics dealing with EDJ, well i feel like living where i do i have a strike against me already… Of course this aint the 60s but still, most of my “target” are from that era… so that’s why i said african American
[quote=now_indy]I am no longer with Jones. When I was with Jones, I saw a number of black reps come and go in our region. I’m in Texas, and I think a black guy will have a harder time of making it in this business than a white guy. Especially with the Jones model. I would bet that a black guy going door to door (even in a suit) will get the cops called on him more than a white guy (even more so for a young black guy).
I would suggest you do some sample door knocking to get a feel for the town's attitude. And, unless you have a built in network of family or family contacts, I would think long and hard about coming in now (I would give that advice to anyone, not just a black person). Just my $.02.[/quote] Wow. Are you kidding me ? What is this, the 1960's? That is embarrassing commentary.HAAIC should be arrested, unreal
Why didn't you just say you were black? Why did you need to mention it at all? Calling yourself AA tells me that you are not good enough to call yourself an American - that you are seperating yourself from the rest of us. That is racist. [/quote] WHAAAT?!?!?!? Websters defines African American as "an American of African and especially of black African descent" Heck the government uses African American, The media uses African American...So i guess everybody is rascist...actually everybody IS rascist...DOWN with the MAN (raises black power fist)...seriously...i feel like you're trying to bait me with that "rascist" comment. Oh well good try. But yea the original reason i wrote AA in the first place, does anybody have any comments on that? Can i be succesful in this area?[/quote] How do you know that you aren't of jamaican or haitian descent? White people are the one's who started calling you African Americans. Did you know that? Your people permitted it. I wonder what we're gonna call you next. You want a comment? Here it is: I think that your attitude about yourself as different will have a negative impact on the level of success that you obtain. [/quote] Because i know my ancestry... Just like you know if youre German or Norse or English. Irish American are proud ppl, so are the Celtic Americans. I know cuz i have friends that are such. So is it wrong for me to be proud of my origins, especially when i can trace it back to Africa? And i did know that white ppl started calling us AA, maybe i should use Afro-American, like Malcolm X, but then i'd be extremist right. Or maybe i should say black, but then id be slightly ignorant... Regardless im comfortable with whatever i want to use, and you're not important enough in my life to facilitate a change in how or what i want to be referred as. I thought this was a financial forum, not a cultural one??? A negative impact? I guess all the proud Irish American who helped build most of the NorthEast arent very successful at all...[quote=JBEliteIII][quote=HAAIC][quote=JBEliteIII]To let you know i was black…just like a hispanic or a japanese person would usually put that in there to let you know what there origin is. Which is also why i added the deep south part. Guess i could have just said im an american living in America… I said it so you guys could kinda have a feel for the demographic and challenges, perceived or otherwise, that id have to face to succeed in the “Jones Model” in my area being a young black male. I hear yall talking about credibility and such on other topics dealing with EDJ, well i feel like living where i do i have a strike against me already… Of course this aint the 60s but still, most of my “target” are from that era… so that’s why i said african American
[quote=HAAIC]
I wonder what we're gonna call you next. [/quote] buddy...thats a statement i wouldnt have made. Im a small fry on this site, and it doesnt bother me that much. But it does bother me. Id appreciate if you'd refrain from that kinda racial seperatist statement and keep it Financial. You knew what i meant from jumpstreet when i said African American. Your just being imflammatory at this point....Why didn't you just say you were black? Why did you need to mention it at all? Calling yourself AA tells me that you are not good enough to call yourself an American - that you are seperating yourself from the rest of us. That is racist. [/quote] WHAAAT?!?!?!? Websters defines African American as "an American of African and especially of black African descent" Heck the government uses African American, The media uses African American...So i guess everybody is rascist...actually everybody IS rascist...DOWN with the MAN (raises black power fist)...seriously...i feel like you're trying to bait me with that "rascist" comment. Oh well good try. But yea the original reason i wrote AA in the first place, does anybody have any comments on that? Can i be succesful in this area?[/quote] How do you know that you aren't of jamaican or haitian descent? White people are the one's who started calling you African Americans. Did you know that? Your people permitted it. I wonder what we're gonna call you next. You want a comment? Here it is: I think that your attitude about yourself as different will have a negative impact on the level of success that you obtain. [/quote] Because i know my ancestry... Just like you know if youre German or Norse or English. Irish American are proud ppl, so are the Celtic Americans. I know cuz i have friends that are such. So is it wrong for me to be proud of my origins, especially when i can trace it back to Africa? And i did know that white ppl started calling us AA, maybe i should use Afro-American, like Malcolm X, but then i'd be extremist right. Or maybe i should say black, but then id be slightly ignorant... Regardless im comfortable with whatever i want to use, and you're not important enough in my life to facilitate a change in how or what i want to be referred as. I thought this was a financial forum, not a cultural one??? A negative impact? I guess all the proud Irish American who helped build most of the NorthEast arent very successful at all...[/quote] Why don't you just say nothing and join the rest of the country? If you're gonna call yourself something, then the rest of us get to call you something. Personally, I've always liked the words "negro" and "schwartze."[quote=HAAIC][quote=JBEliteIII][quote=HAAIC][quote=JBEliteIII]To let you know i was black…just like a hispanic or a japanese person would usually put that in there to let you know what there origin is. Which is also why i added the deep south part. Guess i could have just said im an american living in America… I said it so you guys could kinda have a feel for the demographic and challenges, perceived or otherwise, that id have to face to succeed in the “Jones Model” in my area being a young black male. I hear yall talking about credibility and such on other topics dealing with EDJ, well i feel like living where i do i have a strike against me already… Of course this aint the 60s but still, most of my “target” are from that era… so that’s why i said african American
JB - if you just ignore him he'll leave you alone. It's no fun to bait someone who doesn't take the bait. Unless you enjoy the witty banter, then by all means, type away.
[quote=JBEliteIII][quote=HAAIC]
I wonder what we're gonna call you next. [/quote] buddy...thats a statement i wouldnt have made. Im a small fry on this site, and it doesnt bother me that much. But it does bother me. Id appreciate if you'd refrain from that kinda racial seperatist statement and keep it Financial. You knew what i meant from jumpstreet when i said African American. Your just being imflammatory at this point....[/quote] So YOU can talk about it, but noone else can? That's racist.well personally…LOL…i’m going to stop being an enabler for you. I knew you were going to take it there from the first post you made. So you got to say “Negro” online… You feel better? By the time everybody on this site that reads that lays into you for that comment…its your funeral not mine…
[quote=Spaceman Spiff]
JB - if you just ignore him he'll leave you alone. It's no fun to bait someone who doesn't take the bait. Unless you enjoy the witty banter, then by all means, type away.
[/quote] Spiff, exactly. Lets take this back to EDJ and finance. You have any good advice for a beginner like me, EDJ or not?[quote=JBEliteIII][quote=Spaceman Spiff]
JB - if you just ignore him he'll leave you alone. It's no fun to bait someone who doesn't take the bait. Unless you enjoy the witty banter, then by all means, type away.
[/quote] Spiff, exactly. Lets take this back to EDJ and finance. You have any good advice for a beginner like me, EDJ or not?[/quote] African American, the best advice for you came from me. Quit looking at yourself as different.[quote=HAAIC][quote=JBEliteIII][quote=Spaceman Spiff]
JB - if you just ignore him he'll leave you alone. It's no fun to bait someone who doesn't take the bait. Unless you enjoy the witty banter, then by all means, type away.
[/quote] Spiff, exactly. Lets take this back to EDJ and finance. You have any good advice for a beginner like me, EDJ or not?[/quote] African American, the best advice for you came from me. Quit looking at yourself as different. [/quote] OK HAAIC! Thanks for your sound advice!Keep in mind that the posts are from someone using the moniker HAAIC because he probably couldn’t get away with HNIC.
Usually he just tries to cause trouble, but he's worth reading because he does add some humor at times, but more importantly, he does have the ability to be helpful when he chooses.As an aside, why do we use the term African American? When we use that term, we usually mean black. Black and African American are not synonymous.
i think its mostly political correctness. They are definitely not synonymous. Either way doesnt bother me, i mean at the end of the day you know what you are.
JB - Once again, good luck!
I can’t believe the thread turned into what it did.
HAAIC - for what it’s worth (which I’m sure you’ll say is not much) - I agree with you. The problem is everybody is different and will always be different.
People with one testicle will always feel like half a man and overcompensate in some way. People who are ugly will be treated differently because they are ugly. Amputees and disabled people will always be looked at differently.
The reality is, no matter how you view yourself, people will view you differently. Him saying he is African-American, or black or whatever is acceptance of fact.
I for one am thankful that the latest incarnation of Bobby is blind to all colors, deformities and physical attributes. Maybe there is hope for those of us who don’t sell indexed-annuities too.
White, Scottish and hung like a horse here…I hate EDJ’s.
White, Scottish and hung like a horse here…I hate EDJ’s.
Except Miss Jones, right?
All I know is if Spears hates you guys that much, I can’t imagine the crap he had to endure in his region. I left my hate a while back and I thought my region was the biggest bunch of hypocrites and tools!
Does anyone know if the AfricanAmericanBerry can be used at EDJ....bwwwaaahhaaahahah....PCness Sucks!!!....If I keep this up someone will give me an AfricanAmerican Eye ....just a plain ole cracker here!
[quote=Hey Kool-Aid]
Does anyone know if the AfricanAmericanBerry can be used at EDJ....bwwwaaahhaaahahah....PCness Sucks!!!....If I keep this up someone will give me an AfricanAmerican Eye ....just a plain ole cracker here!
[/quote] Don't you mean an awesome pair of Irish Sunglasses (two black eyes)?(smh) so glad yall are having fun with this! HiLARIOUS! I have an African American colored, AfricanAmericanBerry storm. I hope it can be used at EDJ. I just hope this thread doesnt get me AfricanAmericanBalled off this site…HA!
Don't worry about it. I think it's a relevant piece of information given the social nature of our business. We've got some very successful American's of African Descent FAs in our firm. However, none of the ones I know of are from Alabama. I'm sure no matter what part of the county you're from, you're going to go up against some stereotyping. Even before you open your mouth and say a word. Women face the same thing to some extent. There a guys out there who just won't work with a female FA because they don't believe they are capable of doing anything but cleaning house and having babies. Listen to me, the whitest white guy from the middle of the midwest talking about stereotypes to you. As if I had any sort of first hand experience.
You asked me about other advice. It's pretty simple. First, get hired. You don't have to wait the obligatory 10-14 days to check on your resume. Jones gets thousands of resumes every month. Make sure somone in the area you want to build your office knows who you are. The local FA you mentioned is a great start. Go meet some of the other ones. Maybe in the next town over. If you can get a referral from one of those folks it will go smoother for you than if it's just you. If you really want to be in this business, don't limit your applications to just EDJ. While I'm incredibly biased towards Jones, there are a lot of other companies out there to look into. There may be a regional firm, or a bank, or something like that out there looking for someone like yourself. Set your sights on Jones, but also create a backup plan in case they turn you down.That would be a gelding, right? You hate EDJ's...what? You left that sentence unfinished.White, Scottish and hung like a horse here…I hate EDJ’s.
This post is a put-on.
Why do southerners consume Black Guy Pee on new year’s day?
I dont understand. What do you mean?This post is a put-on.
Why?
I dont understand. What do you mean?[/quote] He means that you made the whole thing up and you're probably not even a schwartze. I tend to agree with him.[quote=buyandhold]This post is a put-on.
Actually...there is reason to believe this is indeed Windy....something in the name...if you know wind's real name...gives it away!...I would bet on it!
[quote=Ron 14][quote=now_indy]I am no longer with Jones. When I was with Jones, I saw a number of black reps come and go in our region. I’m in Texas, and I think a black guy will have a harder time of making it in this business than a white guy. Especially with the Jones model. I would bet that a black guy going door to door (even in a suit) will get the cops called on him more than a white guy (even more so for a young black guy).
I would suggest you do some sample door knocking to get a feel for the town's attitude. And, unless you have a built in network of family or family contacts, I would think long and hard about coming in now (I would give that advice to anyone, not just a black person). Just my $.02.[/quote] Wow. Are you kidding me ? What is this, the 1960's? That is embarrassing commentary. [/quote] I didn't say that I would have a problem working with a black guy. I said that a black guy would have a hard time working in some neighborhoods in Texas. As a Jones rep, you usually go after older (retired) clients. In Texas, some of those older people are still not comfortable handing over their life savings to a black guy or girl. That's just a fact. I'm not trying to defend it, I'm just saying how I think it is. Can a black guy be successful at Jones in texas? Yes. Is he going to have a harder time getting there, YES.wowww. Well i cant prove or disprove anything cuz yall cant really see me. But this is online, not real life. I just really wanted a lil help and hopeful guidance. As u noticed, i never wanted this post to be at Blacks, i simple wanted to introduce myself. Out of this entire post i’ve only gotten a handful of real good pointed advice, everything else has been way off base. Is this the character of this site?
YESwowww. Well i cant prove or disprove anything cuz yall cant really see me. But this is online, not real life. I just really wanted a lil help and hopeful guidance. As u noticed, i never wanted this post to be at Blacks, i simple wanted to introduce myself. Out of this entire post i’ve only gotten a handful of real good pointed advice, everything else has been way off base. Is this the character of this site?
YES[/quote] Well...at least i know! Ha gotta love it[quote=JBEliteIII]wowww. Well i cant prove or disprove anything cuz yall cant really see me. But this is online, not real life. I just really wanted a lil help and hopeful guidance. As u noticed, i never wanted this post to be at Blacks, i simple wanted to introduce myself. Out of this entire post i’ve only gotten a handful of real good pointed advice, everything else has been way off base. Is this the character of this site?
[quote=iceco1d]Voltmoie,
I thought you’ve been in production for a few years? What’s your AUM after 4 weeks?
[/quote]
Just 350k - I’ve picked up a bunch of smaller 20-40k clients but can’t seem to find the big money. Of course I’m not even sure what half the stuff I have to sell is
I tend to agree with B&H. But if this isn’t a put-on… Do you think Jones would hire anyone, black, white, otherwise at 22 with no college degree and no experience? The young people that I saw there all had college.
Yes they do
Jones will hire tractor salesmen - I’ve seen it. They have a special place in their hearts for knife salesmsen.
This part is bashing. Jones cares about making the sale. Not about helping the client.[quote=Moraen]Jones will hire tractor salesmen - I’ve seen it. They have a special place in their hearts for knife salesmsen.
This part is bashing. Jones cares about making the sale. Not about helping the client. [/quote]So the two are mutually exclusive? It's not Jones it's the sales person that makes the decision on what to sell to a client. I've always thought you could service through sales.
A tractor salesman selling investments. You don’t see a problem with that? It’s a little different than tractors or knife.
We all start somewhere. I doubt most people in here majored in finance in College. I see no problem in a persons background - this is not nuclear science.
A tractor salesman turned Jones rep. will most likely sell a client a bond or some American funds product. Doubt either of those will harm a client too much. It might not be a perfect fit but I’ll bet they do better with those products over the next 10 years than a CD at the bank.
The S&P 500 is down 32% since May 29, 1999. If a tractor salesman sells a client $40,000 of American Funds, the client is paying the advisor $2,000 in commissions for the privilege getting into these funds, which took the tractor guy 5 minutes to put together the portfolio on Morningstar. Did the tractor guy do ANYTHING to earn $2,000 of commission? At the very least, clients should have peace of mind that they person they are paying commission to should be qualified to do financial analysis. I mean, the guy is probably botching his attempt to explain standard deviation to the client. God help him if the client took calculus in college and asks the advisor to delve further into the alpha and beta of the hypothetical. BTW, I'm not saying that advisors in general don't do much to earn whatever commissions are earned from selling clients funds. I'm just saying that if they do get that upfront hit, hopefully the advisor is qualified and spends more time than tractor boy probably would.A tractor salesman turned Jones rep. will most likely sell a client a bond or some American funds product. Doubt either of those will harm a client too much. It might not be a perfect fit but I’ll bet they do better with those products over the next 10 years than a CD at the bank.
[quote=Moraen]A tractor salesman selling investments. You don’t see a problem with that? It’s a little different than tractors or knife.
[/quote] ae=oThe S&P 500 is down 32% since May 29, 1999. If a tractor salesman sells a client $40,000 of American Funds, the client is paying the advisor $2,000 in commissions for the privilege getting into these funds, which took the tractor guy 5 minutes to put together the portfolio on Morningstar. Did the tractor guy do ANYTHING to earn $2,000 of commission? At the very least, clients should have peace of mind that they person they are paying commission to should be qualified to do financial analysis. I mean, the guy is probably botching his attempt to explain standard deviation to the client. God help him if the client took calculus in college and asks the advisor to delve further into the alpha and beta of the hypothetical. BTW, I'm not saying that advisors in general don't do much to earn whatever commissions are earned from selling clients funds. I'm just saying that if they do get that upfront hit, hopefully the advisor is qualified and spends more time than tractor boy probably would.[/quote] He earned the $2000 by making a sale without trying to explain standard deviation, alpha, beta, or any of that other crap. If fact, most of the 2m is for not showing a silly hypo that YOU have to show because you can't get people to trust what you say.[quote=voltmoie]A tractor salesman turned Jones rep. will most likely sell a client a bond or some American funds product. Doubt either of those will harm a client too much. It might not be a perfect fit but I’ll bet they do better with those products over the next 10 years than a CD at the bank.
The S&P 500 is down 32% since May 29, 1999. If a tractor salesman sells a client $40,000 of American Funds, the client is paying the advisor $2,000 in commissions for the privilege getting into these funds, which took the tractor guy 5 minutes to put together the portfolio on Morningstar. Did the tractor guy do ANYTHING to earn $2,000 of commission? At the very least, clients should have peace of mind that they person they are paying commission to should be qualified to do financial analysis. I mean, the guy is probably botching his attempt to explain standard deviation to the client. God help him if the client took calculus in college and asks the advisor to delve further into the alpha and beta of the hypothetical. BTW, I'm not saying that advisors in general don't do much to earn whatever commissions are earned from selling clients funds. I'm just saying that if they do get that upfront hit, hopefully the advisor is qualified and spends more time than tractor boy probably would.[/quote] He earned the $2000 by making a sale without trying to explain standard deviation, alpha, beta, or any of that other crap. If fact, most of the 2m is for not showing a silly hypo that YOU have to show because you can't get people to trust what you say. [/quote] You are fat, and not attractive to the opposite sex in any way whatsoever.[quote=3rdyrp2][quote=voltmoie]A tractor salesman turned Jones rep. will most likely sell a client a bond or some American funds product. Doubt either of those will harm a client too much. It might not be a perfect fit but I’ll bet they do better with those products over the next 10 years than a CD at the bank.
Jones won't hire a 22 year-old without a college degree. period. They will (just as all other firms will) hire someone without a degree that already has industry experience and a book of business. And FWIW, it's not Wind reincarnated. It's someone trying to make everyone THINK it's Wind. I can't believe you are all buying into this load of crap.I tend to agree with B&H. But if this isn’t a put-on… Do you think Jones would hire anyone, black, white, otherwise at 22 with no college degree and no experience? The young people that I saw there all had college.
Sorry B24, a friend of mine from my training class who I still speak with was exactly that, 22 no college degree, no industry experience.
LOOK. I dont have to lie i id hope neither would EDJ. I feel like its almost a dream opp, i applied on careerbuilder, took their online assesment, and scored high enough to be given a call. If they are not going to hire me bc of age or whatever then why call me back? Why tell me to visit the local EDJ in my area? Why not just tell me to try back in 10 yrs squirt. wtf i thought my parents were negative as sh*t but you guys are the quintessence of it… If thats the truth then i guess my stay here will be short-lived and yal can all wonder where the supposed new “Windy” went… get over it, that ride is getting old…
Geez thanks for restoring some hope in me. All i sem to be getting is a bunch of bias and opinions, when i simply asked for some good advice, not if im old enough or Black enough, or "Windy" enough...Sorry B24, a friend of mine from my training class who I still speak with was exactly that, 22 no college degree, no industry experience.
I like my firm, and for the most part the complaints I have about Jones are minor complaints that would be similar elsewhere. I don't think I would want to have started somewhere else. With that said, I have a problem with this line of thought. I am a year out and did what Jones told me out of the gate. Most of my clients got killed, those in AF more than some others. I also sold a lot of PG because "it couldn't hurt anyone". PG goes -20% almost instantly. It was about 6 months in when I realized that I was doing my clients an incredible disservice by not knowing why I choose one fund over another and one investment over another. Even "conservative" investments can be bad for a client if you don't understand how it relates to their overall portfolio. If I learned anything this past year it is that I was tremendously undereducated when it came to product, and I fault the firm for that. I have friends that worked previously for other firms that had 10x the knowledge than I did. I am not saying I could have helped the client avoid the crater that was the '08-'09 market, but I certainly should have done better than I did which was about what they could have done themselves. It is not nuclear science, but there is a reason good advisors get better returns for their clients than bad ones.We all start somewhere. I doubt most people in here majored in finance in College. I see no problem in a persons background - this is not nuclear science.
A tractor salesman turned Jones rep. will most likely sell a client a bond or some American funds product. Doubt either of those will harm a client too much. It might not be a perfect fit but I’ll bet they do better with those products over the next 10 years than a CD at the bank.
Geez thanks for restoring some hope in me. All i sem to be getting is a bunch of bias and opinions, when i simply asked for some good advice, not if im old enough or Black enough, or "Windy" enough...[/quote] JB -For what its worth I don't think having a college degree matters, I was just stating a fact. I don't think industry experience matters either because everyone starts somewhere. Guys have built huge businesses using Asset Allocation Funds and selling individual bonds. (Not that I am supporting that method) If you want to make it you will. Maybe it takes you a while to get going, maybe it doesn't. If you put the work in you will make it regardless of background. Standard Deviation, Alpha, Beta who the hell cares. Market down 32% over last 10 years who cares. Our job isn't to pick the best investments, its to put clients in a position to reach their financial goals over the long term. If you put a guy with 100k rollover at age 40 into an average fund and now he is 50 and its still 100k, but you have coached him to stay put, you have done your job and that guy has a great advisor.[quote=Ron 14]Sorry B24, a friend of mine from my training class who I still speak with was exactly that, 22 no college degree, no industry experience.
Geez thanks for restoring some hope in me. All i sem to be getting is a bunch of bias and opinions, when i simply asked for some good advice, not if im old enough or Black enough, or "Windy" enough...[/quote] JB -For what its worth I don't think having a college degree matters, I was just stating a fact. I don't think industry experience matters either because everyone starts somewhere. Guys have built huge businesses using Asset Allocation Funds and selling individual bonds. (Not that I am supporting that method) If you want to make it you will. Maybe it takes you a while to get going, maybe it doesn't. If you put the work in you will make it regardless of background. Standard Deviation, Alpha, Beta who the hell cares. Market down 32% over last 10 years who cares. Our job isn't to pick the best investments, its to put clients in a position to reach their financial goals over the long term. If you put a guy with 100k rollover at age 40 into an average fund and now he is 50 and its still 100k, but you have coached him to stay put, you have done your job and that guy has a great advisor. [/quote] I think this mindset is great for advisors seeking to have 300 clients with $40,000 avg. assets.[quote=JBEliteIII][quote=Ron 14]Sorry B24, a friend of mine from my training class who I still speak with was exactly that, 22 no college degree, no industry experience.
I think an advisor who spends his time buried in statistics thinking he is getting an edge on the markets is insane and arrogant.
I like my firm, and for the most part the complaints I have about Jones are minor complaints that would be similar elsewhere. I don't think I would want to have started somewhere else. With that said, I have a problem with this line of thought. I am a year out and did what Jones told me out of the gate. Most of my clients got killed, those in AF more than some others. I also sold a lot of PG because "it couldn't hurt anyone". PG goes -20% almost instantly. It was about 6 months in when I realized that I was doing my clients an incredible disservice by not knowing why I choose one fund over another and one investment over another. Even "conservative" investments can be bad for a client if you don't understand how it relates to their overall portfolio. If I learned anything this past year it is that I was tremendously undereducated when it came to product, and I fault the firm for that. I have friends that worked previously for other firms that had 10x the knowledge than I did. I am not saying I could have helped the client avoid the crater that was the '08-'09 market, but I certainly should have done better than I did which was about what they could have done themselves. It is not nuclear science, but there is a reason good advisors get better returns for their clients than bad ones.[/quote][quote=voltmoie]We all start somewhere. I doubt most people in here majored in finance in College. I see no problem in a persons background - this is not nuclear science.
A tractor salesman turned Jones rep. will most likely sell a client a bond or some American funds product. Doubt either of those will harm a client too much. It might not be a perfect fit but I’ll bet they do better with those products over the next 10 years than a CD at the bank.
Notice I said "over the NEXT ten years" I met a client yesterday that has lost 84K in over a year. Her hot shot New York firm has had her in two C class mutual funds for the last 14 years and she's down 55% ... My point being the grass is the same color in almost every yard.
Hind sight is always 20/20 .. no matter how good you were you got blown up in this market.
You shouldn't spend your time getting buried in the stuff, but if this is something a person is going to make a career out of and anticipates acquiring high net worth clients, it should be a pre-requisite to be able to explain elementary concepts like MPT or the difference between alpha and beta. We don't require that in any situation the President of the United States sing the Pledge of Allegiance, but if Obama said in an interview that he didn't know the words to it you'd feel a little weird, right? There are just some things as a financial investment PROFESSIONAL you should know.
I agree and if you have a college degree you may or may not have learned those things there.
I like my firm, and for the most part the complaints I have about Jones are minor complaints that would be similar elsewhere. I don't think I would want to have started somewhere else. With that said, I have a problem with this line of thought. I am a year out and did what Jones told me out of the gate. Most of my clients got killed, those in AF more than some others. I also sold a lot of PG because "it couldn't hurt anyone". PG goes -20% almost instantly. It was about 6 months in when I realized that I was doing my clients an incredible disservice by not knowing why I choose one fund over another and one investment over another. Even "conservative" investments can be bad for a client if you don't understand how it relates to their overall portfolio. If I learned anything this past year it is that I was tremendously undereducated when it came to product, and I fault the firm for that. I have friends that worked previously for other firms that had 10x the knowledge than I did. I am not saying I could have helped the client avoid the crater that was the '08-'09 market, but I certainly should have done better than I did which was about what they could have done themselves. It is not nuclear science, but there is a reason good advisors get better returns for their clients than bad ones.[/quote][quote=SometimesNowhere][quote=voltmoie]We all start somewhere. I doubt most people in here majored in finance in College. I see no problem in a persons background - this is not nuclear science.
A tractor salesman turned Jones rep. will most likely sell a client a bond or some American funds product. Doubt either of those will harm a client too much. It might not be a perfect fit but I’ll bet they do better with those products over the next 10 years than a CD at the bank.
Notice I said "over the NEXT ten years" I met a client yesterday that has lost 84K in over a year. Her hot shot New York firm has had her in two C class mutual funds for the last 14 years and she's down 55% ... My point being the grass is the same color in almost every yard.
Hind sight is always 20/20 .. no matter how good you were you got blown up in this market.
[/quote] Volt, that wasn't an attack on you. It was criticism of our firm. Not everyone got "blown up" in the market (I have a good friend that had several accounts that were only down 5% last year). I don't expect myself to do that (yet), but being just a little bit better than the worst is not good enough for me, and it shouldn't be for anyone. Many people who were just a little bit better than the worst (myself included) do so sometimes because they don't understand the product and how it relates to the economy as a whole. I believe that is my firm's fault as much as mine for sending me out on the street with a pat on the back and an American Funds Resource Guide. It's not like that everywhere. Our value proposition is not that we sell funds/stocks/bonds/etf's/VA's/etc, people can do that themselves these days. Our value proposition is guidance and advice, and we charge a premium for it. Selling 30 year bonds is not good for everyone, even on a 10 year time horizon. Most people at the firm will say it is. I hated it when we were in training and they would say "you can't hurt anyone with xxxxx", pitch it on every call. Wrong. Please don't take this as an insult because people I know and respect say the same thing, but I think that the comment "xxxx is good for everyone" is a thing that people say when they don't know what the hell is happening. I am not saying that everyone needs to be an economist or study charts ad nauseum, but we have a duty to do more than a little bit better than someone else. I think that starts with training on product which we don't get enough of. We just get a "sell this and don't worry about it".
An advisor who had significant amounts of clients who only lost 5% last year is timing the market or not participating in it. It will not be something he will be able to do consistently.
[quote=Ron 14]
An advisor who had significant amounts of clients who only lost 5% last year is timing the market or not participating in it. It will not be something he will be able to do consistently.
[/quote] Wrong.An advisor who had significant amounts of clients who only lost 5% last year is timing the market or not participating in it. It will not be something he will be able to do consistently.
Agreed!
[quote=Ron 14]
An advisor who had significant amounts of clients who only lost 5% last year is timing the market or not participating in it. It will not be something he will be able to do consistently.
[/quote] I believe you may have just opened the door for the EIA pimps to enter and begin touting their wares.Borker, you are probably right
[quote=Borker Boy][quote=Ron 14]
An advisor who had significant amounts of clients who only lost 5% last year is timing the market or not participating in it. It will not be something he will be able to do consistently.
[/quote] I believe you may have just opened the door for the EIA pimps to enter and begin touting their wares.[/quote] Correction: The EIA pimps didn't lose those clients a dime.Right, right, they were all up 25%
Who says that’s what they were shooting for? Not everybody’s trying to keep up with the market.
I thought you were being sarcastic intially, yikes, good luck with that
Good luck with what? People who bought EIAs did not see their account balance go down last year. Are you still trying to sell people stuff they don't want to buy, Ron?I thought you were being sarcastic intially, yikes, good luck with that
Now you are quoting HAAIC ? Way to align yourself with a racist.
You are right though, I don't give a sh*t what people want to buy. I am explaining to them what they need to reach their preferred destination. If they don't want it, oh well.[quote=Ron 14]Now you are quoting HAAIC ? Way to align yourself with a racist.
You are right though, I don't give a sh*t what people want to buy. I am explaining to them what they need to reach their preferred destination. If they don't want it, oh well. [/quote] As it's been mentioned before, HAAIC does have a lot of smart ideas when he decides to put them out there. So, in spite of what you think of him as a person, I will gladly use what's important to me and ignore the rest. Just like I do with other posters that have proven themselves to know what they are doing. From what I can see, you've tried on numerous occasions to convince a prospect that asset allocation was what they needed, when they couldn't care less. Trying to get a willfully ignorant person to do something they have no interest in is only going to piss the client off and frustrate you. So, another point I agree with HAAIC on: Find another route or find another prospect. Does this make me a racist? Explaining to them what they need to reach their preferred destination is exactly what "selling them what they want" is all about. So, if an EIA was the perfect vehicle to give a client the path to "their preferred destination", why don't you sell it to them? It's their money, (presumably) your prospects are not drooling idiots, and I gather you want to make some money in the process. It's their money, not yours. They can make a decision on their own. Explain to them how the various options will get them where they want to go. Lay out the options and let them pick. This ain't rocket surgery, Ron.I agree with those who agree with me.
If by trying on "numerous occasions" you mean once, then you would be correct. I am not going through it all again, but basically I was explaining to the guy that although he timed the market this time, it doesn't make sense to develop a financial plan around his own instincts.
I never called you a racist or anything you said was racist. I said you aligned yourself with one. In other words that means supporting an idiot doesn't really help your argument. Have a great weekend !
I don't agree with that.I agree with those who agree with me.
.
Now that Obama’s president, there’s probably a completely different attitude out there. People see me and they think, “oh great! another white guy…” But when they see an African American, they say, "honey, come here quick!!! there’s a black man on our front porch!!! I think he has something important to say!!!"
Best of luck to you at Jones!!! Congratulations!
Are you “pretty fly for a white guy”?
JBEliteII, I wish you the best. I’m in the deep South, also and recognize that the black community is severely under-served in our area of expertise. Do what Jones tells you to do, while being honest and ethical and you will do well.
Yes. Do what Jones tells you to do. Do what the white man tells you to do. Here's a better idea. JB - learn what you can from Jones, but keep your mind open. Jones is a great place to start, but don't become a drone. Even most of the guys who defend Jones at least keep an open mind.JBEliteII, I wish you the best. I’m in the deep South, also and recognize that the black community is severely under-served in our area of expertise. Do what Jones tells you to do, while being honest and ethical and you will do well.
Yes. Do what Jones tells you to do. Do what the white man tells you to do. Here's a better idea. JB - learn what you can from Jones, but keep your mind open. Jones is a great place to start, but don't become a drone. Even most of the guys who defend Jones at least keep an open mind.[/quote][quote=Loc-Nar]JBEliteII, I wish you the best. I’m in the deep South, also and recognize that the black community is severely under-served in our area of expertise. Do what Jones tells you to do, while being honest and ethical and you will do well.
Here is the preface...this is a joke. Just wanted to avoid the inevitable firefight. With that said, here is the joke: It's is always about you in some way, wind. [quote=Ron 14]Wow…Just for the record…That is in no way me…
If by trying on "numerous occasions" you mean once, then you would be correct. I am not going through it all again, but basically I was explaining to the guy that although he timed the market this time, it doesn't make sense to develop a financial plan around his own instincts.
[/quote] As for building a financial plan around "instincts", there was a lot of data out there that was very, very foreboding before the market went nuclear. My point is that I believe it is my job to try and understand it. Can this person do it again? Don't know, but I do know that the reasons for making the moves that this person made seemed sound. There were plenty of people that saw it coming, and they weren't just the constant doomsdayers.Source URL:https://www.wealthmanagement.com/forums/rookies-trainees/beginning-edj-experience