Career change : Secure 75k for two years

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Sep 5, 2005 9:32 pm

In the government I will be a career conditional in less then 2 years. This means at that time I would be able to fall back on a 75k job for the rest of my life. At the two year mark I would be 31 years old.


My question lies in the fact that I presently have a great independent offer on the table with a solid salary and direct refferals from senior partner. This position is in my home town where I know a lot of people. Also this town has minimal amounts of competion and it is really booming.

On top of this I have always had a passion for investment, business, challenge and finance. The government as you may know is focused on the mission and usually not challenging.


Any advice is greatly appreciated!

Sep 5, 2005 9:46 pm

Take the gov't job...live within your means and retire a millionaire.

Sep 5, 2005 9:49 pm

You want to invest and follow the markets?  Open a scottrade
account or start an investment club.  This is a sales job, and you
will just regurgetate (however you spell that) other people's
research.  There just isn't time to do otherwise, especially when
your building your book!

Sep 5, 2005 10:49 pm

I have always had an interest in investment, business and finance concepts. Over the years I have used my investment/business skills with as a successful seafood broker.


Currently I am with the government and it is fine. I love the 6+ weeks off a year and the 4x10 work week, but this career is not challenging.


I guess in the end I have a decision that only I can answer, but advice is appreciated.


Sep 6, 2005 9:15 am

Nice that you have options! I don't have all the answers, but I have learned one very important thing....... It does not matter how passionate or interested one is in the investment business,....Managing money actually is a small part of what we do. It's having the wherewithal to deal with clients, and being able to AQUIRE ASSETTS!!!...........................I love to cook, I would hate to be a chef in a restaurant!

Sep 6, 2005 7:52 pm

True.. I guess the bottom line is money and I want more.


The bottom line is one has to AQUIRE ASSETTS! Well I will make a decision in due time.

Sep 7, 2005 9:19 am

Executivejock,


What about starting a business on the side. Keep your Gov. job - Pay and benefits, and Start a small venture. I don't know what...(or I would do it myself), If you could get to a point where your making 50K on the side, plus 80k salary.....not so bad?! 

Sep 7, 2005 8:24 pm

You might consider this B/D: www.qcwelcome.com. They allow you to work part-time as a broker, while performing your regular job.


Note: Do you own due diligence on this firm. I cannot offer an opinion, one way or the other, as I know nothing else about them.

Sep 7, 2005 11:51 pm
executivejock:

True.. I guess the bottom line is money and I want more.


The bottom line is one has to AQUIRE ASSETTS! Well I will make a decision in due time.




Considering you have been posting here for weeks, if not months, and STILL haven't been able to make a decision whether or not to aceept your 'lucrative independant offer', I think you should keep the government job.  For starters 75k guaranteed with six weeks vacation and govt benefits aren't that bad(if that's REALLY what you're getting at age 30 or so....).  Secondly-to suceed in this business one needs to be decisive and action-oriented....not sure you're there yet.


Just curious-if you were such a successful seafood broker, why are you now a government employee?  Did the discount fish brokers hit yoru business hard?

Sep 8, 2005 2:26 pm
joedabrkr:
executivejock:




Just curious-if you were such a successful seafood broker, why are you now a government employee?  Did the discount fish brokers hit yoru business hard?



Too funny!

Sep 9, 2005 8:31 am

From a seafood broker to a gov't job. Perfect! I doubt very much he's making 75k at age 30. Liar.

Sep 10, 2005 11:01 pm

Serious flood destroyed my inventory.


Man I am still a youngster under 30.


As for my income it is what it is. In my eyes you either make 40-100k (note: 12,000 new 72k jobs in Fairfax county, VA) or you make over over 200k. It seems the ones with the connections are the ones making the big bucks.


Either way good luck to you all and thanks for all the advice! Last night I went out with the crew so my comments were laim. Sorry.

Sep 10, 2005 11:16 pm

As for a broker that was one of numerous things I have done.

Was trapped in a burning building, saved lives and property, served community and country in Kuwait, made 10k in the market while on spring break, lost 5k in one hour when saving dog from the pound and flew over Egypt at 1AM in the cockpit of a C-17. Its sorta funny when we look at the things we have done and continue to do.


Ohh yeah I like Dick Cheeny. I think since he will not run for president he for the most part has integrity. Do like people who flip flop and spread bs like most media companies, Hollywood and certain politicians.


Sometimes I post to much information on the internet, but ohh well nothing to hide. If I become a broker it will all be on the table.



What is everyone else on here all about?

Sep 11, 2005 2:39 am
ezmoney:

From a seafood broker to a gov't job. Perfect! I doubt very much he's making 75k at age 30. Liar.





I was 27 when I busted the six figure barrier.  It's sadistic to
burst your bubble or send you sliding sideways to the edges of the
mirror. Nonetheless, at 26, it was nosing past $85K. What a long sad
tail to avoid backstepping over, oh well...at 25 it was a foolish upper
fiftyish. Ironically the four years after my first score were
collectively not greater (although the clothing and scenery were
greener) then my 24th which was less then the sum of is its parts
doubled. The inside dope. Not even a bakers dozen later and the only
doughnuts I see are bracketed by a pair of commas.  Factor
the  the COLA in for yourselves..I have given up amusing myself
for this evening. Good night.