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Nov 1, 2005 8:39 am

When will consumers realize that one way or another.....we need to get paid??? Mr. client, if you want "no load funds" that's fine....I just need to buy them in an account that I charge 1.25 % on. You don't like that idea.....well,... I guess I could not charge you a fee, but every time we invest your money, I will get an average 2-4% commission.....No,..??  Well.....maybe you could help  me understand what my incentive is to actual even use prescious breath talking to you, if there is nothing in it for me.


People will go out and spend $150 on dinner........ONE frkn meal....yet they will bitch about a $50 dollar ANNUAL account fee.


The good news is....I've been prospecting hard lately.....The bad news is, every time I speak with a large number of prospects....I am reminded of how stupid they are, and how much this frustrates me.....


You wonder why there are rogue brokers,....these ar guys who get so fed up trying to do the right thing, that they finally snap , and become self serving.

Nov 1, 2005 10:23 am

I know just how you feel.  When I run across these types of people I remember what one of my earlier trainers said. 


There are people you can help. Those who have means to invest and the desire to make progress.


There are people you can't help. They have no means, fixed incomes stretched to the max. You would like to help them and they need help but you can't help them.


And there are people who are just to stupid to help. They may have means, may even be very wealthy  but, they want everything for free, won't take your advice, make stupid decisions and will eventually blame you for their stupidity.


Learn to recognize the last two categories.  Run from the "too stupids" and reluctantly pass on the can't be helped.   Words to live by and you will be much happier.   vacuum


One of the codes I put on my prospect names was "TS"  to stupid.  They didn't even rate a low rating.

Nov 1, 2005 10:24 am

oops    vacuum was a mistake.   LOL I was spell checking a word for something else.   


Nov 1, 2005 12:55 pm

BL,


Thanks for reminding me of how to deal......some days the BS rolls right off,...other days it really eats at me.

Nov 1, 2005 10:52 pm

Q. How much did it cost you to lose 46% in the S&P 500 index fund?


A. only .2 % tell Suze Orman that's some great advice.

Nov 6, 2005 7:24 pm

I like the 46% example..


Just read one of the biggest real estate investors in the world says he is out of US. He thinks there may be corrections above 30% in DC, San Diego and Miami. He also went on to state "there is to much money chasing real estate." 


Interest rates effect a lot of different things, but for the most part a rise in the rates will negatively effect future growth..

Nov 7, 2005 11:21 am

"Just read one of the biggest real estate investors in the world says he is out of US. He thinks there may be corrections above 30% in DC, San Diego and Miami. He also went on to state "there is to much money chasing real estate." "


Too much money and too many people who have become used to 15% annualized gains. Example- my girls parents just moved from a 4400 square foot home in San diego into a 5600 sq foot home in a wealthy suburb for 1.75 million. They of course went with the interest only, because " right now we can afford it, and in 2 years we can simply sell it at about 2 million, take the profts, and then downgrade.." A 5600 square foot home with 6 BR, 4BA, 4 car garage, sitting on the 5th hole of this prestigous golf course- and there are only 2 of them lviing there..... I love how they figure they can make a quarter million in 2 years like its a sure thing..... AHHHHH, I cant wait until this market corrects in the next 18 months so I can get a nice deal on a condo on the beach....

Nov 7, 2005 12:30 pm
blarmston:

my girls parents just moved from a 4400 square foot home in San diego into a 5600 sq foot home in a wealthy suburb for 1.75 million. .




Blarm......you mean "one of my girls" .......you have not actually met any parents......since the short time you've been in SD, have you??? That is the beginning of the end....

Nov 7, 2005 12:33 pm

Hey when you get the place on the beach do you mind if I stop by for a few days? I'll pay for the golf and bring some fresh seafood from our ships.


30 year up to 6.3 with no sign of slowing down. So the example of the 2 million is loco.. How do they expect people who could aford 1.75 mil at 5% to be able to afford 2 at 7%?


Nov 7, 2005 12:38 pm

You also have to love all the highly qualified mortgage brokers. I think I know 5 new brokers and their careers consist of fitness advisors, casino host and IT personel. Many still think things are going to be ohhhhh right.. Just like Feb/Mar of 00.. The market is up 100% in two years, but its justified.


Get ready... BUSH is to blame.. American greed and ignorance is all Bush's fault! I hate Bush.. He is a LOSER.. He is balding.. He does not like blacks.. He destroyed New Orleans.. Wake up! He's out if 2 years..

Nov 7, 2005 12:53 pm

Good for those that can trade up..........Who is going to buy the glut of crappy inventory at the entry level. Cal., Boston., NY suburbs, DC., Who wants a cruddy 3 bedroom townhome for 1/2 million +...I don't know......are people comming out of college these days landing $250,000 jobs?....How does a guy save for a couple hundy down payment, then carry $3,000 + amonth in a mortgage....and go home to a frkn town house???? It's gotta get old quick.

Nov 7, 2005 12:53 pm

Kind of reminds me of the investment theory that the crowd is always wrong.  When everyone is buying it is time to sell.


When everyone and his mechanic is a real estate agent, can the real estate boom be heading for a crash?  Yep.

Nov 7, 2005 2:06 pm

"Blarm......you mean "one of my girls" .......you have not actually met any parents......since the short time you've been in SD, have you??? That is the beginning of the end...."


$$$$- I', sorry I should have been more speicifc. Yes, I am speaking of one of my girls... I feel its healthy to have multiple 'friends' around town, and to have the good girl up in Newport.. Am single, just moved to SOCAl- why limit yourself to just one you know??? And yes, I met the girls parents ONCE for a fine steak dinner, where I bit my tongue when they told me about their real estate plans.... I wanted to tell them they were committing a large financial mistake but realized they were too ignorant to realize it ( and they are an executive consultant t Qualcomm and shes a surgeon..... HMMMMM.)..


Nov 7, 2005 2:42 pm

There are exceptions.... you failed to mention the steak dinner!?!,.......they paid.......of course.........Right???


Meeting the folks.......a small price to pay......for a steady diet of their little debutant.

Nov 7, 2005 11:29 pm

The market in Cali must be crazy.. I am in the east coast and its interesting here. Where I live it went from the dumps to serious investment over the last 5 years.


Anyone heard of the Mohegan Sun or Foxwoods if your in town let me know I have all the connections!

Nov 8, 2005 11:25 am

"The market in Cali must be crazy"


UNDERSTATEMENT... I looked at a 2BR 2BA townhouse in La Jolla two weeks ago. It was 1100 square feet and had an asking price of $775K. Granted, it was located on Birdrock, you could throw a baseball and hit the surfers, and its zip code was La Jolla.. I told the agent to call me when it fell to $600K and maybe I would consider it....

Nov 8, 2005 11:28 am

"Meeting the folks.......a small price to pay......for a steady diet of their little debutant"


1. Meeting the folks for a nice steak dinner- two hours of your time.


2. Listening to the idiot dad talk about the real estate market and his wisdom- painful.


3. Biting your tongue and trying to refrain from calling them idiots- difficult.


4. Looking at him and knowing that you will be doing naughty things with his daughter about a half hour after dinner is done- PRICELESS...

Nov 8, 2005 4:04 pm

Yup!