[quote=Dirk Diggler]I'm just trying to get the second highest bid. I don't want to get filled at $200. If you die,  you bid gets pulled and I get filled at $150, which is still high, but I'm in a generous mood. [/quote]

Damn yer a crafty bastard.  I'm gonna have to quit smoking, eating steak and fried foods....

Wouldn't it be easier for ya to buy a par whole life policy on me?  You know that's the lowest cost form of insurance over the long term...and it has all those great non-forfeiture options.....

[quote=joedabrkr]

[quote=Dirk Diggler]I'm just trying to get the second highest bid. I don't want to get filled at $200. If you die,  you bid gets pulled and I get filled at $150, which is still high, but I'm in a generous mood. [/quote]

Damn yer a crafty bastard.  I'm gonna have to quit smoking, eating steak and fried foods....

Wouldn't it be easier for ya to buy a par whole life policy on me?  You know that's the lowest cost form of insurance over the long term...and it has all those great non-forfeiture options.....

[/quote]

Nah...I'm not that interested in buying this guys cocktail napkin...errr... I mean "book."

Man, you two meathheads are worthless. Why do you even bother posting to the boards?

[quote=FinanceDude]Man, you two meathheads are worthless. Why do you even bother posting to the boards?[/quote]

Hey thanks for sharing.  How's that selling your book thing going anyway?  Get any offers yet?

I’ll give $250,… if it’s managed money.  

Financedude,

You may not deserve the abuse that you are getting, but the book really has almost no value.  Here's why:

1)The only potential purchasers are people with your B/D. 

2)If 100% of the clients stayed with the new rep, the income from these clients would only be $20,000 (assuming 40% payout.)

3)The best clients have a high likelihood of leaving.  If you leave, there is no reason for the client to stay.  They chose to do business with you.  They don't care about your B/D or the new broker.

4)Therefore, all that is left is a bunch of crappy clients bringing in $10,000 year.  The problem is that there is an obligation to service these people.  A decent rep would be better off forgoing this income and spending his time prospecting for new business.    An unsuccessful rep doesn't have any money to give to you.  Thus, your book is worthless. 

[quote=exEJIR]I'll give $250,... if it's managed money.   [/quote]

I'll bid $255 and throw in a free set of steak knives.

[quote=joedabrkr]

[quote=exEJIR]I'll give $250,... if it's managed money.   [/quote]

I'll bid $255 and throw in a free set of steak knives.

[/quote]

If you call (sell it) in the next 15 mins,... I'll give you $275,

but wait there's more...  we'll double your free set of steak knives.

That's an amazing $275 & TWO free sets of steak knives for the astonishing low price of your book (read: pamphlet)!!!!    

FD

Sorry to poke fun, but a $5MM book from a rookie is just not worth much money. (as previous posts have pointed out)  You haven't worked with them long enough for them to trust you, to allow you to make a recommendation about them sticking with a particular broker. 

If you have someone you trust and like at your firm, transition them over to him/her.