EDJ...30 months out and wanting out
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if it was my forum I'd ban his IP.
How do you feel about that Freedom of Speech deal?
How about burning books. Stupid people should not be allowed to vote. Suze Orman, and other affected advisor wannabees, should be banned. You should be required to substantiate your BS. I'm just about to end a perfect day here, by going golfing. Good-bye chicken brain, it was real.
[quote=Getthere]
[/quote]
Yep, that's the type of "advisor" I'd want. The down is down over 600 points and this "advisor" is going to play golf.
The reason he hasn't had any phone calls from his client is because he won't answer his phone.
If he was a real professional he'd be on the phone with his client to tell them what was going on.
Investors like it when their "advisor" tells them what's going on instead of forcing them to hear it on the news. It instills confidence in the relationship.
Old Mother Chicken Brain, the market closes in five minutes. Still not a perfect day. I proactively contacted every client - before this downturn began - and reduced stock allocations. Contacted every one since to have “the conversation”.
You want somebody to call you up every day and hold your hand? Move your money to Schwab retail, wimp. You came here to get your hand held, didn't you? Here's my advice: go back to your Yahoo forum with your fellow hobbyists. Maybe you can make friends with a real advisor - know what - if you have the right relationship - and you get real worried, you can call them - on their cell phone - on the golf course!I repeat, it’s the “advisor’s” job to keep the client informed.
Nothing will piss off a client more than to even think that their
"advisor" is playing golf on a day when the Dow is down 500 or so
points.
They, the clients, actually believe that the “advisor” is watching out for them.
We know that that’s a joke, that an “advisors” role is to meet with
them once or twice a year and give them a printout of the previous
period–send them a birthday card–give them a burger or two at the
client cookout on the parking lot–and to wear cool clothes.
If you think Getthere is not a professional you’re wrong–he has a business card that says, "Financial Advisor."
It is to laugh.
Hah! I now recognize you, troll, from other forums! Your agenda rings true.
You have learn much industry knowledge in your years spent at forums, lasshopper. Ignore her, reason with her at your peril. She has nine lives.[quote=Getthere]
Hah! I now recognize you, troll, from other forums! Your agenda rings true.
[/quote]
Ya gotta get up early to get a jump on you.
Tell me something, how can reasoning with anybody be at the peril of those who are reasoning?
<SPAN =mw-line>For the benefit of everyone else here, reason with her at your own peril.
Diagnostic criteria (DSM-IV-TR = 301.50)The Diagnostic and Statistical Manual of Mental Disorders, a widely used manual for diagnosing mental disorders, defines histrionic personality disorder as a pervasive pattern of excessive emotionality and attention seeking, beginning by early adulthood and present in a variety of contexts, as indicated by five (or more) of the following:
Is uncomfortable in situations in which he or she is not the center of attention Interaction with others is often characterized by inappropriate sexually seductive or provocative behavior Displays rapidly shifting and shallow expression of emotions Consistently uses physical appearance to draw attention to self Has a style of speech that is excessively impressionistic and lacking in detail Shows self-dramatization, theatricality, and exaggerated expression of emotion Is suggestible, i.e., easily influenced by others or circumstances Considers relationships to be more intimate than they actually are. Retrieved from "http://en.wikipedia.org/wiki/Histrionic_personality_disorder" Hidden category: Articles with specifically-marked weasel-worded phrases http://en.wikipedia.org/wiki/Histrionic_personality_disorderI’m not siding with anyone on this thread, but this market has made me order CFP material. I would like to move my knowledge to another level. Looking at my client portfolio’s, I’d say my level is pretty damn low.
[quote=B24]“I love American Funds, but you just can’t build a solid portfolio using one fund family. Not to withstand a time like this.”
Spiff, just a sidenote - nobody builds portfolios to withstand a time like this. Even the non-correlating assets have declined considerably. Unless you somehow knew this was all going to happen, and you managed to get everything into cash or international bonds BEFORE the meltdown, you were SOL. In a "traditional" bear market, AMF does very well, as would many other balanced protfolios, multiple fund families or not. You can't really build a portfolio that will preapre you for a state of de-leveraging where supply far outstrips demand in nearly all asset classes. Personally, I think Jones' problem is that they do TOO MUCH hand-holding - to the extent that FA's rely almost exclusively on them for all of their information and training. That's a big mistake. I spend probably 1-2 hours every night after everyone goes to bed just reading and researching the industry - investment theory, asset allocation, economic theory, practice management, client acquisition, you name it. No one firm has the market on all good ideas (sound familiar?). It's important in this business to think for yourself and develop your own ideas and your own personal "brand" or identity - not just be a kool-aide drinker. I like the firm, but it by no means defines me. Sorry, I digressed a bit.[/quote] One of the problems at Jones is there are very few negatively correlated investments that you can actually sell to a client. That certainly is a limiting factor. There is a world of alternative investments that are not allowed.....I don’t know about you guys, but I put everyone’s money in Amgen. That non-correlating stock has worked out pretty well this year!
[quote=noggin] [quote=B24]“I love American Funds, but you just can’t build a solid portfolio using one fund family. Not to withstand a time like this.”
Spiff, just a sidenote - nobody builds portfolios to withstand a time like this. Even the non-correlating assets have declined considerably. Unless you somehow knew this was all going to happen, and you managed to get everything into cash or international bonds BEFORE the meltdown, you were SOL. In a “traditional” bear market, AMF does very well, as would many other balanced protfolios, multiple fund families or not.
You can’t really build a portfolio that will preapre you for a state of de-leveraging where supply far outstrips demand in nearly all asset classes.
Personally, I think Jones’ problem is that they do TOO MUCH hand-holding - to the extent that FA’s rely almost exclusively on them for all of their information and training. That’s a big mistake. I spend probably 1-2 hours every night after everyone goes to bed just reading and researching the industry - investment theory, asset allocation, economic theory, practice management, client acquisition, you name it. No one firm has the market on all good ideas (sound familiar?). It’s important in this business to think for yourself and develop your own ideas and your own personal “brand” or identity - not just be a kool-aide drinker. I like the firm, but it by no means defines me.
Sorry, I digressed a bit.[/quote]
One of the problems at Jones is there are very few negatively correlated investments that you can actually sell to a client. That certainly is a limiting factor. There is a world of alternative investments that are not allowed…[/quote]
That’s true if you only stick to the Preferred Funds. But generally I agree.
I use a lot of non-preferred fund families (Ivy, First Eagle, Loomis-Sayles, etc.). I also use funds from Franklin, Goldman, and Hartford that are not on the preferred list (though they are preferred families).