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SB vs ML vs MS vs Bubba Gump Investments

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Aug 23, 2006 11:36 am

[quote=xmsbroker]

That was quite a slam.  Infer that i came to my senses.

[/quote]

Nah, you got fired.  People don't "come to their senses" at a wirehouse and decide to leave for a lesser opportunity.

People go from wirehouse to wirehouse all the time--just like big league baseball players.

But nobody considers moving from the New York Yankees to the Toledo Mud Hens to be a desireable thing to do.

Aug 23, 2006 1:59 pm

[quote=xmsbroker][quote=Proton]

The original post ought be required reading for anyone thinking about getting into this business.  Ditto for some of the subsequent posts.

Now I really try not slam the numerous inane posts on this site, but I just can't resist this line from xmsbroker: "A gold medalist in the special olympics is still a retard."

What should we infer about you if you were unable to win any medal in the 'special olympics' you refer to above?

[/quote]

That was quite a slam.  Infer that i came to my senses.

[/quote]

Succesful advisors rarely leave the business for a better job because if you're successul in this business there are very few jobs where you can make a greater return on your time and effort once you're established.....unless perhaps you were considering professional basketball?
Aug 23, 2006 2:54 pm

[quote=joedabrkr]

Succesful advisors rarely leave the business for a better job because if you're successul in this business there are very few jobs where you can make a greater return on your time and effort once you're established.....unless perhaps you were considering professional basketball?
[/quote]

How many successful producers do you think consider the return on how little time and effort they expend to be the driving force in their career decision?

Aug 23, 2006 3:18 pm

[quote=Proton]It's all clear to me now, except for one small detail.  Did your epiphany occur before or after you got sacked for low production?[/quote]

After, it usually comes after, and it always comes after in the cases where the guy decides to keep his ex-firm in his screen name.

Aug 23, 2006 9:37 pm

Can someone comment on support roles in the wirehouses for young, future

FA’s. (recent graduates) Are there any roles that would help prepare one to

be an FA in the future?

Aug 23, 2006 10:31 pm

[quote=joedabrkr] [quote=xmsbroker][quote=Proton]

The original post ought be required reading for anyone thinking about

getting into this business. Ditto for some of the subsequent posts.



Now I really try not slam the numerous inane posts on this site, but I

just can’t resist this line from xmsbroker: "A gold medalist in the special

olympics is still a *********."



What should we infer about you if you were unable to win any medal in

the ‘special olympics’ you refer to above?





[/quote]





That was quite a slam. Infer that i came to my senses.



[/quote]Succesful advisors rarely leave the business for a better job

because if you’re successul in this business there are very few jobs where

you can make a greater return on your time and effort once you’re

established…unless perhaps you were considering professional

basketball?[/quote]



I left for a small firm trading futures. Fwiw, I made the ‘leaders’ group

while I was in the training program and was in the top ~5-10% of my

’class’ (if thats the definition of success you choose). I now work less and

make much more than I did before. Turns out there are a few careers on

the ladder b/w retail broker and pro athelete.



Aug 23, 2006 10:44 pm

[quote=xmsbroker]

I left for a small firm trading futures. 

[/quote]

Right. That would be because you could not trade futures at Morgan Stanley, what with them not being a full service broker and all.

If you actually quit, as opposed to being canned as part of the purge or before it, you're a fool.  Going to a "small firm trading futures" is a way of saying "Became a rogue broker" and you'll be a pariah at every reputable firm on the street.

Aug 23, 2006 10:51 pm

Broker =/= Trader.  HTH.

Aug 23, 2006 10:54 pm

The Owls Are Not What They Seem