People are STUPID

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Oct 22, 2007 12:48 pm

I had to vent at a client today

 
She wanted to close her account because she did not feel it was doing anything
She doubled her money in the last four years
 
Any way I lost my control  
 
This week end while I was sitting in front of the TV an add came on saying People are smart  This add was promoting mortgages ( you have probaly seen it) Any way this is the same company who last year was pushing short term arms and interest only loans. They suckered people in then and now they are telling people how smart they are and how they need to refinace
 
Bottom line PEOPLE  ARE STUPID
Sorry had to vent
Oct 22, 2007 12:53 pm

People are stupid and It sounds to me like your client might be the leader of the stupid people.

 
Those are the types of clients you don't want.. They take twice as long to talk to and yes you make money- but is it worth it?? That is the question.
 
Miss J
Oct 22, 2007 2:19 pm

When I talk with a new prospect, and I mean new (never invested), I tell a story of a stupid client I had a few years ago.  She inherited a small amount-10k- and wanted to invest.  We met a couple of times and she decided to go with American Funds, capital income builder.  5 months into the investment, she gained her commish back and made a few.  Two months later, the market dipped in the summer and she was in to cash out.  She wasn't going to lose all her money to the market.  This was 2003.  I would guess the 10 would be close to 15k by now.  You can't cure STUPID.

Oct 22, 2007 3:35 pm

Amazing, isn't it?

 
I've asked clients in the past why they didn't call to cash out when their portfolios we going up way too fast.  That's when you get that deer-in-the-headlights look.
Oct 22, 2007 4:19 pm

Welcome to Darwin's theory of financial stupidity...stupid people may be able to make money and they may acquire large sums of money either through dumb luck or fortuitous breeding, but they have no capacity to make their money work for them.  You may meet a person who is both wealthy and stupid, but odds are, one of those attributes will eventually disappear...

 
Greenbacks, enjoy letting that one go...your time is better spent on someone with the intelligence to appreciate your efforts.
Oct 22, 2007 9:05 pm

Congratulations! you have one less stupid client.

Oct 22, 2007 9:16 pm

They say that a fool and his money are soon parted. Don't you often wonder how in the world they got together in the first place?

Oct 23, 2007 10:37 pm

Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.
Albert Einstein

Dec 17, 2007 3:16 pm

"The difference between stupidity and genius is that genius has its limits. "

 
Albert Einstein
Dec 17, 2007 5:23 pm
advisorman:

"The difference between stupidity and genius is that genius has its limits. "

 
Albert Einstein
 
I'm assuming with all of your posts today that you have not met your "limits" yet.
Dec 17, 2007 6:16 pm
compliancejerk:
advisorman:

"The difference between stupidity and genius is that genius has its limits. "

 
Albert Einstein
 
I'm assuming with all of your posts today that you have not met your "limits" yet.
 
no but by meeting you I have met a person that Einstein truly says has "no limits" and based on the fact you found everone of my posts and passed on your "great wisdom" I am so honored.
Dec 17, 2007 8:31 pm

[quote=advisorman

no but by meeting you I have met a person that Einstein truly says has "no limits" and based on the fact you found everone of my posts and passed on your "great wisdom" I am so honored.[/quote]
 
what a funny guy you are .... you should embrace technology it makes life easier.
 
But then again your firm only recently granted you email praise be Jim Jones and pass the kool-aid.
Dec 18, 2007 8:51 am
compliancejerk:

[quote=advisorman

no but by meeting you I have met a person that Einstein truly says has "no limits" and based on the fact you found everyone of my posts and passed on your "great wisdom" I am so honored.
 
what a funny guy you are .... you should embrace technology it makes life easier.
 
But then again your firm only recently granted you email praise be Jim Jones and pass the kool-aid.[/quote]
 
Compliancejerk,
 
Stop stalking me. You followed every comment I made yesterday and tried to trash them. Why? Do you hate Edward Jones so much that you have to try and belittle everyone that works for the firm? Does this make you feel empowered to belittle people? What is making you do this? All I can say is if you disagree then make it a REAL response and not this "I hate you" response. I promise if you treat me with respect I know I will return the favor.
Dec 18, 2007 9:27 am

advisorman,

I was home again and need some entertainement.
Yep don't like the firm or rather the people who following blindly.
No I don't hate you, just your pious attitude.
 
Your really promise to respect me?
Check with your Branch Manager is that's permitted.
Dec 18, 2007 11:14 am
compliancejerk:

advisorman,

I was home again and need some entertainement.
Yep don't like the firm or rather the people who following blindly.
No I don't hate you, just your pious attitude.
 
Your really promise to respect me?
Check with your Branch Manager is that's permitted.
 
I am done. You win. I hope you are so proud that because of some unpleasant experience with Edward Jones you now have the right to destroy all people associated with the firm.
 
Also how has my attitude been pious (having or showing or expressing reverence for a deity). Edward Jones is not my God. It is the company that I work for. You have not been reading my posts for I have never come from the side that Edward Jones was or is perfect. No large company is perfect and having been in corporate America most of my career you have to take the good with the bad.
 
I was trying to come from the side that in this forum we are trying to help each other. Yes I like working for Edward Jones for I am in a good region and they let me make a good living in my community but I am not doing this for Edward Jones. I am doing this for my family and myself.
Dec 18, 2007 11:34 am

pious can also mean - characterized by a hypocritical concern with virtue or religious devotion; sanctimonious.

 
and yes you have come off as santimonious
Dec 18, 2007 11:49 am

advisors person,

 
on one thread you claim to have self -employed most of your life and on this thread you claim to have been in corporate America most of your career. sounds like you are unsure about this too.
Dec 18, 2007 11:55 am

not if you are a consultant to corporate America for over 25 years. This is my last post so you can have the last word. Bye.

Dec 18, 2007 12:15 pm

Thanks, but that was an easy win

my bad I didn't know as you didn't disclose about your experience. I guess using EJ logic might meany ou couldn't cut it after 25 years, but that's not the case (I am serious, but you can see how this could effect you if anyone said it to you).
 
Bye bye muffin        
 
Hope you don't go up against some bad meanie broker from a competing firm when you try to present your wonderful families o'preferred funds....
Dec 18, 2007 12:46 pm

cj - I'm sure I'm not the only one who thinks this, so I'm gonna say it.  You need to back off.  We get it that you don't like EDJ.  OK, fine.  You took a perfectly good thread that was not EDJ related and turned it into one.  advisorman quoted Einstein and you retorted with a personal attack.  It does seem like you are stalking him.  Which is kind of weird.  Of course I know first hand what that's like since you did the same thing to me a couple of weeks ago. 

 
I don't mind a good debate.  Spears and I like to throw jabs at each other from time to time, but I think we'd probably get along pretty good in the real world.  But you tend to cross the line and make personal attacks way too often.  If you've got a bone to pick with Jones, why don't you try to find a more constructive way to do it than this?  As advisors we already have a disdain for anyone compliance related.  You're not helping the stereotype.  So, again, do us all a favor and back off with the personal attacks.  Thanks.