Unbelievable returns?
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How’d that textbook head and shoulders pattern work out for you?
Perhaps you should re-visit your job description. IT’S A SALES JOB.
My clients have weathered the storm just fine due to sensible, balanced asset allocation. I have not lost one single client.
The difference is, I understand that my job is to generate production. Stick around long enough and you may learn that, too, Newbie.
Well that's how you may describe yours. Mine goes quite a bit further than that. I'll bet that's not what you tell you clients. AS for that head and shoulders pattern I would suggest that are are two trains of thought, one is predictive. Typically they are trying to sell you something. Then there is reactive, those that use the evidence that the market is giving you at this moment and reacting to it. I'm in the reactive field. The market action made a classic H&S no longer relevant. The hedging I used to protect from it is no longer required.How’d that textbook head and shoulders pattern work out for you?
Perhaps you should re-visit your job description. IT’S A SALES JOB.
"Weathered the storm"= Only down 28%, look how great I am!!! I understand my job is to dispense financial advice, production results from such.My clients have weathered the storm just fine due to sensible, balanced asset allocation. I have not lost one single client.
The difference is, I understand that my job is to generate production. Stick around long enough and you may learn that, too, Newbie.
Jeb, just publish all your trading results, short, intermediate and long term here. Then we’ll compare results and make comparisons. Deal?
You are the one claiming your clients "weathered" the bear just fine. You are the one claiming you haven't lost one single client. Not to death, moving, unexpected financial need, bear market, not one. You post yours first.Jeb, just publish all your trading results, short, intermediate and long term here. Then we’ll compare results and make comparisons. Deal?
I have not lost one single client during this bear market. I’ve had a couple die, but all had surviving spouses. My (almost exclusively retired) clients’ income has remained stable 9which is their primary concern), and their account values, in many, if not most cases are now above their purchase amounts (I have many very long-term relationships). My point is simply that selling the idea of always outperforming the markets even to the point of making and never, ever loosing money is a fools’ errand. More importantly, really, really successful FCs simply don’t have time actively managing positions. They are too busy adding clients. If you guys really are trading whizzes, good for you, but you have the wrong jobs.
I could flip my entire book tomorrow in about 10 minutes. How much time do you think this takes? I didn't see any investment results in your post.I have not lost one single client during this bear market. I’ve had a couple die, but all had surviving spouses. My (almost exclusively retired) clients’ income has remained stable 9which is their primary concern), and their account values, in many, if not most cases are now above their purchase amounts (I have many very long-term relationships). My point is simply that selling the idea of always outperforming the markets even to the point of making and never, ever loosing money is a fools’ errand. More importantly, really, really successful FCs simply don’t have time actively managing positions. They are too busy adding clients. If you guys really are trading whizzes, good for you, but you have the wrong jobs.
[quote=YHWY] My clients have weathered the storm just fine due to sensible, balanced asset allocation. I have not lost one single client. The difference is, I understand that my job is to generate production. Stick around long enough and you may learn that, too, Newbie.
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I don’t see it posted anywhere that you haven’t lost any clients. Prove it. If you can’t you’re a liar.
You can't prove a negative. I would settle for proof that his clients "weathered the storm just fine". That is easily proven.[quote=YHWY] My clients have weathered the storm just fine due to sensible, balanced asset allocation. I have not lost one single client. The difference is, I understand that my job is to generate production. Stick around long enough and you may learn that, too, Newbie.
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I don’t see it posted anywhere that you haven’t lost any clients. Prove it. If you can’t you’re a liar.
I’m sorry your book is so minuscule. You are making my point for me in spades.
You’re the one selling trading results. Every fund and sub-account I sell is required by law to publish its results for everyone to see. Lets’ see your superior results.
Look, either become a propitiatory trader, fund manager or day trade your own account OR spend your time as an FC gathering assets and producing. There is simply not enough hours in the day to do both at a highly successful level. If you ever meet a legitimate $1 mil producer, (not like the lying posers here) he or she will explain things the same way to you.
He can prove he hasn’t lost any clients. Easily. Most of those Jones guys (forgive me if you aren’t a Jones guy YHWY) keep printouts of that stuff. Or can get them. Especially an old-timer. I got one every year. Showed you how much you had increased your assets, how many clients you lost, how many you gained, etc. That’s easy to prove. My guess is they haven’t weather jack either.
[quote=YHWY] I’m sorry your book is so minuscule. You are making my point for me in spades. You’re the one selling trading results. Every fund and sub-account I sell is required by law to publish its results for everyone to see. Lets’ see your superior results. Look, either become a propitiatory trader, fund manager or day trade your own account OR spend your time as an FC gathering assets and producing. There is simply not enough hours in the day to do both at a highly successful level. If you ever meet a legitimate $1 mil producer, (not like the lying posers here) he or she will explain things the same way to you.
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We’re not Investment Companies. We only have to report results to our clients.
Publish your record of client retention. No?
Right… I’ll shoot a list of my clients right out. How stupid are you?
Look, either prove your ridiculous claims of market timing or shut up. Either way, my own knack of prognostication sees a career change in your future. The good news is, if you’re not a liar, you could still get rich…just not in our business. Your manager will be explaining this to you in detail.
I have not made any ridiculous claims of returns. You are the only one in this conversation that has mentioned client performance. I simply took your request of posting client returns and turned it around. I take your response (or lack thereof) to mean you won't be posting any type of proof for your statements, and therefore will stop challenging others to do the same. Yes?Right… I’ll shoot a list of my clients right out. How stupid are you?
Look, either prove your ridiculous claims of market timing or shut up. Either way, my own knack of prognostication sees a career change in your future. The good news is, if you’re not a liar, you could still get rich…just not in our business. Your manager will be explaining this to you in detail.
I would love to have a list of your clients. I'll even set up a commission split agreement if possisibleRight… I’ll shoot a list of my clients right out. How stupid are you?
Look, either prove your ridiculous claims of market timing or shut up. Either way, my own knack of prognostication sees a career change in your future. The good news is, if you’re not a liar, you could still get rich…just not in our business. Your manager will be explaining this to you in detail.