Question from my business plann for MS

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Jun 11, 2007 6:53 am

So I've got these three questions that I have some questions about. I took econ. forecasting in school but some of these questions are too on point for me to answer with as a general answer as I can. Was hoping some of you in here could help.


1) What are the current trends in the financial markets that will most effect your efforts in building your business process?


2) What signficant changes do you anticipate in the marketplace in the next 2-4 years?


3) Which of these issues do you anticipate will impact your marketing efforts most in the next 18 months?

Jun 11, 2007 8:20 am

Just tell the BM you are more worried about raising assets than forecasting Treasury rates and levels of the Dow and S&P...guarantee you'll be hired.

Jun 11, 2007 8:29 am
jmass03:

So I've got these three questions that I have some
questions about. I took econ. forecasting in school but some of these
questions are too on point for me to answer with as a general answer as
I can. Was hoping some of you in here could help.


1) What are the current trends in the financial markets that will most effect your efforts in building your business process?


2) What signficant changes do you anticipate in the marketplace in the next 2-4 years?


3) Which of these issues do you anticipate will impact your marketing efforts most in the next 18 months?



1. The trends are more globalization and moving towards more
"efficient" investing using ETF's and like investments. 
Differentiating ones self as an advisor in this environment is the most
challenging item.



2. The marketplace will be looking for new ways to produce income and
better protect their portfolios...all for a good cost.  Answering
this question in a marketable way will help item # 1.



3. Developing a way to cater to the income issue, cost issue, and do it
in a way that will produce predictable revenue streams (ala advisory
relationships) would be my main effort.

Jun 11, 2007 1:26 pm
rightway:
jmass03:

So I've got these three questions that I have some questions about. I took econ. forecasting in school but some of these questions are too on point for me to answer with as a general answer as I can. Was hoping some of you in here could help.


1) What are the current trends in the financial markets that will most effect your efforts in building your business process?


2) What signficant changes do you anticipate in the marketplace in the next 2-4 years?


3) Which of these issues do you anticipate will impact your marketing efforts most in the next 18 months?



1. The trends are more globalization and moving towards more "efficient" investing using ETF's and like investments.  Differentiating ones self as an advisor in this environment is the most challenging item.

2. The marketplace will be looking for new ways to produce income and better protect their portfolios...all for a good cost.  Answering this question in a marketable way will help item # 1.

3. Developing a way to cater to the income issue, cost issue, and do it in a way that will produce predictable revenue streams (ala advisory relationships) would be my main effort.


If you're actually going to answer, you might as well throw the following two catchphrases in there, they represent your biggest challenges:


1.  Figuring out how to manage a shortfall in retirement income.


2.  Long Term Care/Health Care expenses.

Jun 11, 2007 1:33 pm

I am a bit surprised you did not get bombed with those type of questions.


Shall we go to the interview for you?


You need to do some research.  Are you afraid of hard work?  Used to having other people work for you?


this is not a business for waffles, you have to WANT to be in this business more than anything and you have to work very hard.

Jun 11, 2007 2:29 pm

Sheesh....give the guy a break. He's new and doesn't know what to expect.


I don't know what the firm you are applying to wants to hear, but I would imagine in addition to the grasp of greater economic theory, they are more interested in what YOU will do do prospect and how you think LOCAL economic conditions would help or hinder you.


Most firms want you to come up with a business marketing plan.  Are there many small businesses you can approach or mostly retirees?  How would you approach them and what kinds of products /services would you consider offering in your area and why?


That sort of stuf..   If you can, I would ask a real life person working at the firm for some hints.

Jun 11, 2007 2:52 pm
jmass03:

So I've got these three questions that I have some
questions about. I took econ. forecasting in school but some of these
questions are too on point for me to answer with as a general answer as
I can. Was hoping some of you in here could help.

1) What are the current trends in the financial markets that will most effect your efforts in building your business process?


The fact that people who can't
distinguish affect/effect are purchasing very risky assets. When credit
conditions tighten up, they will be affected badly.

2) What signficant changes do you anticipate in the marketplace in the next 2-4 years?



Economic forecasters will be even more discredited then they currently are.


Credit spreads will widen to more normal levels. People who bought corporate bonds in 2007 will be peckered.


http://www.bmonesbittburns.com/economics/bottomline/20070525 /bl20070525.pdf


The LBO boom will continue for some time, only to be followed by a wave of bankruptcies. Very similar to 1990-93.


Inflation will continue to be
subbornly high, grinding down the real returns of those foolish enough
to buy long muni bonds and corporates in double witching of higher
inflation and wider credit spreads.




3) Which of these issues do you anticipate will impact your marketing efforts most in the next 18 months?


None, because this business is about people, not general economic conditions. Inflation gives people more money to spend.

Jun 11, 2007 5:03 pm
vbrainy:

I am a bit surprised you did not get bombed with those type of questions.


Shall we go to the interview for you?


You need to do some research.  Are you afraid of hard work?  Used to having other people work for you?


this is not a business for waffles, you have to WANT to be in this business more than anything and you have to work very hard.





I'm not afraid of hard work, I've already finished the business plan and I did all my research. I just dont know what they want to hear, and mainly I want to incorporate some answers from those who are actually involved in the industry. One thing I've noticed being on this forum is the large ratio of cynical and sarcastic individuals. Those who do help and reply with informative answers, thank-you for keeping the forum alive.




Also, I didn't check the "effect/affect" question, I took it straight from the template. Funny though, I also just noticed it, haha.

Jun 11, 2007 5:05 pm

What are ETF's and LBO's?

Jun 11, 2007 7:08 pm
jmass03:

What are ETF's and LBO's?


exchange traded funds, levereged buyouts.


you better do some more homework buddy

Jun 11, 2007 11:33 pm

haha i need help i wont lie! thats why i started a thread originally asking people to help me out with all the acronyms used on this site.