When was your first?

 some of us have not hit production yet…  u r joking about the tie thing?? 

And you’ve been giving you’re opinion for months

[quote=anabuhabkuss]

Made my first transaction today: sold 20 shares of Dell and the person was then nice enough to close her account so she could open a new one with me (wtf?).

I then got bum rushed and had my tie cut in half

[/quote]

How much was your first commission?

You should be shorting Dell…

[quote=bankrep1]And you've been giving you're opinion for months [/quote]

nothing production related...

Yes the tie thing is no joke! How could I make that up?

oh and today I’m about to rollover my first 401k. I should have bought some pants from Wal-Mart.

My first client was my Mother who wanted to buy some municipal bonds.

I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.

My Mother paid around $3,700 for them including $200 in gross for me.

Nobody cut my tie in half.  That was a great day.  I love this business.

[quote=P G D M]

My first client was my Mother who wanted to buy some municipal bonds.

I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.

My Mother paid around $3,700 for them including $200 in gross for me.

Nobody cut my tie in half.  That was a great day.  I love this business.

[/quote]

Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.

[quote=knucklehead][quote=P G D M]

My first client was my Mother who wanted to buy some municipal bonds.

I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.

My Mother paid around $3,700 for them including $200 in gross for me.

Nobody cut my tie in half.  That was a great day.  I love this business.

[/quote]

Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.

[/quote]

It was an odd lot.  When you sell odd lots you are allowed a larger commission. 

Plus my Mother did not object.  I think she would have paid a price that include $300 but I do not believe the firm would have allowed it even though it was an odd lot.

[quote=P G D M][quote=knucklehead][quote=P G D M]

My first client was my Mother who wanted to buy some municipal bonds.

I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.

My Mother paid around $3,700 for them including $200 in gross for me.

Nobody cut my tie in half.  That was a great day.  I love this business.

[/quote]

Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.

[/quote]

It was an odd lot.  When you sell odd lots you are allowed a larger commission. 

[/quote]

What sort of bucketshop are you at where there's such a thing as a 5.7% YTB?

[quote=mikebutler222][quote=P G D M][quote=knucklehead][quote=P G D M]

My first client was my Mother who wanted to buy some municipal bonds.

I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.

My Mother paid around $3,700 for them including $200 in gross for me.

Nobody cut my tie in half.  That was a great day.  I love this business.

[/quote]

Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.

[/quote]

It was an odd lot.  When you sell odd lots you are allowed a larger commission. 

[/quote]

What sort of bucketshop are you at where there's such a thing as a 5.7% YTB?

[/quote]

It was an odd lot. The 5% thing is a guideline and if the firm can explain why they charged more than 5% the NASD will normally allow it.

My manager arranged the trade, the client was a related account and the customer did not complain.

My mother paid $200.  5% would have been a bit more than $175.  It is not an issue.  As I said I could have charged $3,800 for the bonds and it would have been OK with the client.

You charged your mother a commision

You must work in a wire house and they are teaching you that it is all about you and the firm getting paid and screwing the client! Even your own mother!    

[quote=Greenbacks]

You charged your mother a commision

You must work in a wire house and they are teaching you that it is all about you and the firm getting paid and screwing the client! Even your own mother!    

[/quote]

My mother wanted to pay a commission, she would have paid even more if it would make me look good in my boss's opinion.

[quote=P G D M][quote=Greenbacks]

You charged your mother a commision

You must work in a wire house and they are teaching you that it is all about you and the firm getting paid and screwing the client! Even your own mother!    

[/quote]

My mother wanted to pay a commission, she would have paid even more if it would make me look good in my boss's opinion.

[quote=P G D M][quote=mikebutler222][quote=P G D M][quote=knucklehead][quote=P G D M]

My first client was my Mother who wanted to buy some municipal bonds.

I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.

My Mother paid around $3,700 for them including $200 in gross for me.

Nobody cut my tie in half.  That was a great day.  I love this business.

[/quote]

Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.

[/quote]

It was an odd lot.  When you sell odd lots you are allowed a larger commission. 

[/quote]

What sort of bucketshop are you at where there's such a thing as a 5.7% YTB?

[/quote]

It was an odd lot. The 5% thing is a guideline and if the firm can explain why they charged more than 5% the NASD will normally allow it.

My manager arranged the trade, the client was a related account and the customer did not complain.

[/quote]

None of those comments change the fact that it's a low rent outfit that would allow a 5.7% YTB......

My manager arranged the trade, it was a year ago.

I have been doing what the manager asks me to do and she is very happy with me.

So is my mother.

[quote=Greenbacks]

You charged your mother a commision

You must work in a wire house and they are teaching you that it is all about you and the firm getting paid and screwing the client! Even your own mother!    

[/quote]

I'm not aware of any wirehouses that would allow 5.7%....

[quote=mikebutler222]

None of those comments change the fact that it's a low rent outfit that would allow a 5.7% YTB......[/quote]

The low rent outfit is UBS and the amount of money you are complaining about is less than $25, the manager specifically approved the trade and the charge, and the customer did not complain.

Don't be jealous because you don't have a mother with $3,700.

[quote=P G D M]

[quote=mikebutler222]

None of those comments change the fact that it's a low rent outfit that would allow a 5.7% YTB......[/quote]

The low rent outfit is UBS and the amount of money you are complaining about is less than $25, the manager specifically approved the trade and the charge, and the customer did not complain.

Don't be jealous because you don't have a mother with $3,700.

[/quote]

Great, I just read the other thread....

Geezze, Putsy, seek professional help...

[quote=Greenbacks]

You charged your mother a commision

You must work in a wire house and they are teaching you that it is all about you and the firm getting paid and screwing the client! Even your own mother!    

[/quote]

What's wrong with charging a comission to family members? 

My parents are clients and they don't expect me to work for free or  to lose money because they are related to me.  Obviously if I can give them a discounted commission or charge the minimum to cover my ticket costs I will.    They don't abuse the relationship and neither do I.....but I AM in business.

BTW: the new poster is really NASD Newbie in a not very well done disguise.

[quote=mikebutler222][quote=P G D M][quote=mikebutler222]None of those comments change the fact that it’s a low rent outfit that would allow a 5.7% YTB…[/quote] The low rent outfit is UBS and the amount of money you are complaining about is less than $25, the manager specifically approved the trade and the charge, and the customer did not complain.

Don't be jealous because you don't have a mother with $3,700.

[/quote] Great, I just read the other thread....

Geezze, Putsy, seek professional help...[/quote]

...don't feel bad...he fooled me too for a bit...what a sad way to entertain yourself...

What does Pretty God D*** M_?__ mean?

Normally I don’t bite at people, but this really needs clarification.  Bro, I offer advice on two subjects:

 <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Yes, I have been posting for several months but the content of my questions have been ENTRYLEVEL questions for the same 4 individuals: what wirehouse has the best program, prospecting tips, etc.  Do you even read my posts??       

Before you insinuate that I am a moron, make sure you can justify your claim. 

And as far as the footnote, I stole it off of AnnuityGuy.    

"Call them until they threaten to sue… then ask for the appointment 5 more times…. In the end you will open the account.. "

No, in the end you'll get fired because your firm will get tired of paying those DNCL fines.... 

[quote=Greenbacks]

You must work in a wire house and they are teaching you that it is all about you ... getting paid and screwing the client! [/quote]

No, I pretty sure knucklehead isn't at a wirehouse  

[quote=mikebutler222][quote=Greenbacks]

You must work in a wire house and they are teaching you that it is all about you ... getting paid and screwing the client! [/quote]

No, I pretty sure knucklehead isn't at a wirehouse  

[/quote]

And I pretty sure that mikebutler wasn't an English major......

[quote=noggin][quote=mikebutler222][quote=Greenbacks]

You must work in a wire house and they are teaching you that it is all about you ... getting paid and screwing the client! [/quote]

No, I pretty sure knucklehead isn't at a wirehouse  

[/quote]

And I pretty sure that mikebutler wasn't an English major......

[/quote]

Ohhhh, you got me on a typo!  

I cold walked today. It was fantastic. Got a free tan out of it. An old lady told me she had a Merrill broker and slammed the door on me.

anabuhabkuss:

I cold walked today. It was fantastic. Got a free tan out of it. An old lady told me she had a Merrill broker and slammed the door on me.

-------------------------------------------

Well, there you go! Now, you know she's a qualified prospect (Merrill client) and your chances of opening an account with her increase to 80% after your eighth contact with the prospect. (I read that in an FA marketing book.) Only seven more contacts to go...

[quote=doberman]anabuhabkuss:

I cold walked today. It was fantastic. Got a free tan out of it. An old lady told me she had a Merrill broker and slammed the door on me.

-------------------------------------------

Well, there you go! Now, you know she's a qualified prospect (Merrill client) and your chances of opening an account with her increase to 80% after your eighth contact with the prospect. (I read that in an FA marketing book.) Only seven more contacts to go...

[/quote]

Ask her if she has any interest in "turning off those broker fees and making more money."