Sorta bad situation

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May 28, 2005 10:57 pm

Heh well sorta in an odd situation my firm got shut down, i still have
my series 7 exam scheduled in 2 weeks but im also in a money jam since
i went on a spending spree and now have bills coming to me and it was
unexpected. Trying to figure out what to do only thing is bills, i can
move the bills around and delay it for month or two just not cool,
thinking either finish studying and pass the 7 then look for work or
get work asap and delay the test so i can pay off bills first. Bills or
Exam ?? Only thing worried about is if i dont pass then im screwed and
i dont wanna go to another firm and pitch for 3 month before i get
another series 7 shot im already trained and know the markets no point
in cold calling anymore, any advice where to go from here??

May 29, 2005 10:16 pm

how can 55 people  look at this and not give one bit of advice?

May 29, 2005 10:33 pm

Take care of the bills first. But I'm curious, did you pitch without being licensed?

May 29, 2005 11:58 pm
liger:

Heh well sorta in an odd situation my firm got shut down, i still have my series 7 exam scheduled in 2 weeks but im also in a money jam since i went on a spending spree and now have bills coming to me and it was unexpected. Trying to figure out what to do only thing is bills, i can move the bills around and delay it for month or two just not cool, thinking either finish studying and pass the 7 then look for work or get work asap and delay the test so i can pay off bills first. Bills or Exam ?? Only thing worried about is if i dont pass then im screwed and i dont wanna go to another firm and pitch for 3 month before i get another series 7 shot im already trained and know the markets no point in cold calling anymore, any advice where to go from here??



And YOU want to provide financial advice to OTHERS?



May 30, 2005 8:55 am

My guess is he won't pass the 7 anyways. What a moron. This board is quickly becoming a JOKE.

May 30, 2005 9:56 pm
liger:

Heh well sorta in an odd situation my firm got shut down, i still have
my series 7 exam scheduled in 2 weeks but im also in a money jam since
i went on a spending spree and now have bills coming to me and it was
unexpected. Trying to figure out what to do only thing is bills, i can
move the bills around and delay it for month or two just not cool,
thinking either finish studying and pass the 7 then look for work or
get work asap and delay the test so i can pay off bills first. Bills or
Exam ?? Only thing worried about is if i dont pass then im screwed and
i dont wanna go to another firm and pitch for 3 month before i get
another series 7 shot im already trained and know the markets no point
in cold calling anymore, any advice where to go from here??





so after 'pitching for 3 months' you already know the markets, so you
don't want to delay taking your series 7 so you can start working in a
full commission job while you're behind on your bills? 
yeah....that sounds like a fine base from which to start building a
quality book of business.....



and as the others have remarked....exactly what are you 'pitching' if you're not licensed yet?

May 31, 2005 1:30 pm

You need to pursue another line of business.  You can't manage your own money and you want to manager other people's money??  Why do you want to be a financial planner.  Your post is very immature.

May 31, 2005 4:33 pm

Go get an HONEST job.  You'll sleep better at night and feel cleaner during the day.

May 31, 2005 6:50 pm

The title of your post is "sorta bad situation," but I'm thinking it's more likely it was a "sorta predictable situation." Your firm was shut down? Wonder how that happened? Something tells me the guys who ran it may very well open a new one, and although their names weren't anything like "Biddleston, Wentworth, Marley, and Chauncer," I suspect their next firm will also sound like it has direct descendants from the Mayflower running it.


At least you got to "know the markets" while you were there. Way to go!  

Jun 1, 2005 12:46 am

wow talk about bad advice and negativity what an honor it would be to work with you guys. so much for advice here

Jun 1, 2005 2:12 am

Hey derek, you're right. This moron can't even write. How the hell is he gonna pass the s7?

Jun 1, 2005 11:47 pm

u know what i will pass except i wont be getting a 35% payout being
bossed around by some prick who doesn't know his ass from his elbow. So
go ahead take a poke, atleast in dont have to sit in boot camp or a
cubical.

Jun 2, 2005 8:22 am

Stuff happens,

Is it possible for you to get some sort of part time job, for income,
to start paying the bills... pass the 7, then look for a better firm to
start with...the good thing about starting out wrong is that you know
what to look for the next time.



Also, if you have an income stream, you won't feel pressured to take the first position, you have time to look...



My two cents




Jun 2, 2005 8:27 am
liger:

wow talk about bad advice and negativity what an honor it would be to work with you guys. so much for advice here


What did you expect to hear?


WOW!  GREAT JOB!  WAY TO GO, LIGER!

Jun 29, 2005 3:38 pm

I was thinking you might want to find another career field. Not to say that a new student with plenty of loans is in a bind, but I get the impression this field is tough enough. Never mind worrying about ones own personal issues..

Jun 30, 2005 11:37 am

I wonder when he figured out that without a representative firm, they wouldn't let him sit for the exam......