EDJ in my future

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Jan 4, 2006 5:59 pm

Happy New Year to all!



  I have recently received an offer of employment from EDJ. 
And I'm very excited about it.  Question:  Should I begin
reading some independent study material in order to take the Series
7?  Or should I simply wait until they send me their own study
material?



  From the senior members/ posters of this Forum, I've read
several times EDJ's the success rate (90%+) stemming from their solid
training program.  In any case, since I'm completely new to the
industry, feedback from EX-Jonesers (i.e. Ex-EJIR, et al) and/ or
current EJIRs (i.e. TheAnswer, KoolAid, et al) are sincerely
appreciated.  Much Thanks.  And wish me luck in this career.



Danke,



Dehaan2006

Jan 4, 2006 6:03 pm

I think this post is false....not a newby at all but somebody posing as such to stir the pot.....

Jan 4, 2006 6:04 pm
dehaan2006:

Happy New Year to all!

  I have recently received an offer of employment from EDJ.  And I'm very excited about it.  Question:  Should I begin reading some independent study material in order to take the Series 7?  Or should I simply wait until they send me their own study material?

  From the senior members/ posters of this Forum, I've read several times EDJ's the success rate (90%+) stemming from their solid training program.  In any case, since I'm completely new to the industry, feedback from EX-Jonesers (i.e. Ex-EJIR, et al) and/ or current EJIRs (i.e. TheAnswer, KoolAid, et al) are sincerely appreciated.  Much Thanks.  And wish me luck in this career.

Danke,

Dehaan2006


Congrats. You've just signed on for the hardest $50,000/year job and the easiest $500,000/year job.


I probably wouldn't spend money on a study program if they're gonna send you one. Relax before you start. You're gonna be plenty busy for quite a while.

Jan 4, 2006 6:37 pm

wait for the stuff from EDJ, follow the  study guide= Series 7 easiest part of the whole deal.

Jan 4, 2006 6:44 pm

Joedbrkr,



  No pot stirring here.  I don't even know how to cook. 
Remember the post "Indy in hospital..."?  That was me  (see
Dec. 08, 2005 thread).  In any case, I can appreciate your healthy
sense of suspicion since it is quite easy to portray a new identity in
this Forum (see mikebutler as sniper, et al). 



  I am simply looking for insight- some may malevolently go out of
their way to "stir the pot", neither I nor any of the popular posters
have time/ patience to participate in that blather.  Think what
you will, regardless of my entity, any response from sincere posters
are weighted to match its relevance to my question.  Much thanks.



Dehaan2006



p.s. Thanks for the lesson Joe.

Jan 4, 2006 10:00 pm
dehaan2006:

Joedbrkr,

  No pot stirring here.  I don't even know how to cook.  Remember the post "Indy in hospital..."?  That was me  (see Dec. 08, 2005 thread).  In any case, I can appreciate your healthy sense of suspicion since it is quite easy to portray a new identity in this Forum (see mikebutler as sniper, et al). 

  I am simply looking for insight- some may malevolently go out of their way to "stir the pot", neither I nor any of the popular posters have time/ patience to participate in that blather.  Think what you will, regardless of my entity, any response from sincere posters are weighted to match its relevance to my question.  Much thanks.

Dehaan2006

p.s. Thanks for the lesson Joe.


And what would that lesson be?


You a friend of Put's?

Jan 5, 2006 10:33 am

Wait until the EDJ study material arrives.  Like Dirk said, "Relax before you start."  When you do start, follow their guidelines and don't be afraid to ask for help from you study leader.


The 7 places alot of emphasis on munis & options, so make sure you know them inside and out.  The call in sessions for your study group will help, also.


And like Max said, "The 7 is the easiest part of this whole career."  The hardest is the rollercoaster of emotions for the first few years.


Good luck, and let us know how it is going.

Jan 5, 2006 11:25 am

The EDJ study material is very good.  Don' t bother buying anything else. They will also give you some neat memory tricks to make the options and margin sections easier.  Just be sure to study study study.  Think of the studying as your new job for many weeks. 


Good Luck.

Jan 5, 2006 2:43 pm

Go buy a second pair of shoes since you will wear the first pair out from door knocking pretty soon and you wont have time to buy a new pair because you will be too busy.  Also, secure a line of credit on your home.  Hmm what else...Buy three white shirts at K-Mart.  Look for a good outdoor strip mall location somewhere within three blocks of an existing EDJ location.  Lastly, kiss your wife good- by and tell her you look forward to seeing her again in two or three years. 


Jan 5, 2006 7:47 pm

Malcolm:

Look for a good outdoor strip mall location somewhere within three blocks of an existing EDJ location. 


-------------------------------------


I was wondering: Does the EDJ broker pick-out the office location or does management? Who signs the lease: EDJ management, the broker, both? The reason I ask, if the broker (alone) signs the lease and subsequently leaves EDJ, he/she could stay in the same office if they went indy.


Also, I heard that EDJ requires a broker have 50 accounts before opening an office. Is that true? Does EDJ have a deadline for obtaining those 50 accounts? Wouldn't there be some regulatory issues with working out of one's house?


Just curious.


Jan 5, 2006 10:47 pm

Doberman


EDJ assits and does majority of finding office and location.  The IR does have the ability to put in their tought.  EDJ signs the lease and from my understanding it is hard to open an indy office in the same building as your formal Jones office. 


As for the 50 accounts, no.  The New IR has to show a certain performance to grant him/her the access to an office.  As for regulatory issue, as long as the IR is listed at there house they are okay.  Some states do require additional license.


Hope that helps.


Jan 5, 2006 10:58 pm

dont worry about looking for an office too much or negotiating a lease...they will do all of that..you need to be working during that time. Dont expect to getinto a location until about a year or so from your hire date. just do exactly as they say for you to do and your odds for success go higher.

Jan 6, 2006 9:46 am
Malcolm:

Go buy a second pair of shoes since you will wear the first pair out from door knocking pretty soon and you wont have time to buy a new pair because you will be too busy.  Also, secure a line of credit on your home.  Hmm what else...Buy three white shirts at K-Mart.  Look for a good outdoor strip mall location somewhere within three blocks of an existing EDJ location.  Lastly, kiss your wife good- by and tell her you look forward to seeing her again in two or three years. 




So if you could find an office in a strip mall that also contained a K-Mart that would be very time-efficient for a new jones IR?

Jan 6, 2006 11:00 am

"just do exactly as they say for you to do and your odds for success go higher"


And maybe in 15 years you will be producing 250K......

Jan 6, 2006 12:13 pm

Max-stud, ex-EJIR, babblinglooney, Malcolm, dollarbills, and JonesIR,



  Much thanks to all of your posts with this thread.  I'll
take the advice to heart and stick to the EDJ study material. 
Can't wait to receive them.  With all the sincere suggestions from
you folks, I can not help but think that the first two years will be
both difficult, yet rewarding. 



  Malcolm: About the shoes, I'll buy the most comfortable ones I
can find.  About the shirts, well I'll probably visit the nearest
Costco/ Wal-Mart for those "bulk" sharp buttoned-downs as well. 



  EX-EJIR:  I'll probably need to "psyche myself" into the
proper attitude for the roller coaster of emotions you mentioned. 
Thanks for the heads up.



  babbling looney:  Studying, I imagine will be the easy
part.  And I'll take it all in stride.  I hope my wife will
be able to put up with it.  Thanks a bunch.  I think the
studying will last for 9 weeks.  But at the end- a whole new life!



  And to the rest, thanks for lending me your ear/ eyes. 
Having the forum lets me know that the path I've chosen have been
traversed by far more people than I alone.  Thanks again.



  Joedbrkr:  The lesson that I've learned from you is that no
matter how sincere a person can be, there will always be doubt coming
from the other end.  Hence, your "healthy sense of
suspicion".  Looking forward to your future posts on this board.



Sincerely,



Dehaan2006






Jan 6, 2006 12:22 pm
dehaan2006:

Max-stud, ex-EJIR, babblinglooney, Malcolm, dollarbills, and JonesIR,

  Much thanks to all of your posts with this thread.  I'll take the advice to heart and stick to the EDJ study material.  Can't wait to receive them.  With all the sincere suggestions from you folks, I can not help but think that the first two years will be both difficult, yet rewarding. 

  Malcolm: About the shoes, I'll buy the most comfortable ones I can find.  About the shirts, well I'll probably visit the nearest Costco/ Wal-Mart for those "bulk" sharp buttoned-downs as well. 

  EX-EJIR:  I'll probably need to "psyche myself" into the proper attitude for the roller coaster of emotions you mentioned.  Thanks for the heads up.

  babbling looney:  Studying, I imagine will be the easy part.  And I'll take it all in stride.  I hope my wife will be able to put up with it.  Thanks a bunch.  I think the studying will last for 9 weeks.  But at the end- a whole new life!

  And to the rest, thanks for lending me your ear/ eyes.  Having the forum lets me know that the path I've chosen have been traversed by far more people than I alone.  Thanks again.

  Joedbrkr:  The lesson that I've learned from you is that no matter how sincere a person can be, there will always be doubt coming from the other end.  Hence, your "healthy sense of suspicion".  Looking forward to your future posts on this board.

Sincerely,

Dehaan2006




Fair enough then!  Good luck.