60-70% of FA's=GONE

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Mar 5, 2009 7:50 pm

The brokers that make it through this are going to be a very wise and skeptical bunch in the future.
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You can bet on that. And we thought we learned something from the tech wreck. Geesh.

Mar 5, 2009 7:56 pm

Gotta admit, those tech wreck learnings are looking like hills next to these mountains.

  But, I've got clients calling me up now, "Are you okay?". Bless their hearts.
Mar 5, 2009 9:54 pm

[quote=go_huskies]i set sat appointments with existing clients to force me to go in.  after the appt, i begin calling.  old school prospecting for about 3 hours.  i usually land at least 1 appointment for the following saturday…repeat…

  acats, rollovers, two nickels that can be rubbed together...survival mode.   the despair is palpable so we should see a bounce soon, but this looks to be a multi-year mess.  munis make a lot of sense...[/quote]   Seems like going back to basics makes a lot of sense. My guess is you are calling residential since not a lot of people in on saturday..
Mar 5, 2009 10:27 pm

yes all residential. i mention my cfp and say the call is a community service to assist those most concerned by economy and markets.  then silence.

either a click, or an outpouring.

this weekend should be most interesting...though i wish it wouldn't be...

Mar 5, 2009 11:39 pm

i thought the do not call list essentially eliminated residential cold calling. is this not the case anymore?  or do people just not care about the DNC list anymore.  i remember back in the day when i was cold calling households and the DNC list came around we were told to layoff.

Mar 6, 2009 10:17 am

The only way the DNC affects cold calling is if the number is on the DNC list.  If it is, don’t call.  If it’s not, fire away.

Mar 6, 2009 11:43 am

thats the way i remember the dnc list. the problem is that all the smart people with money, that all the brokers would call, were on the blocked list.  the majority of the people left were older, poorer propects.  in general.  of course you would find some people that didnt meet this standard the

Mar 6, 2009 12:01 pm

A gentle reminder...these are the days that veteran brokers LIVE for.  Perfect prospecting weather, if you ask me.

Step 1)  Find a good bond.

Step 2)  Call everyone.

Repeat as needed.

Mar 6, 2009 12:10 pm

There’s $8.2 trillion sittting on the sidelines in cash.  That’s about the market cap of the entire US equity market.  Get some of it into investment grade bonds.  Find a good muni story.  Live for another day with covered call writing.  There are some great premiums out there for calls.  2009 will be the year to make your career if you do it right.  Just think back to what you did in your first year of production and do that again. 

Mar 6, 2009 12:37 pm
Independent:

There’s $8.2 trillion sittting on the sidelines in cash.  That’s about the market cap of the entire US equity market.  Get some of it into investment grade bonds.  Find a good muni story.  Live for another day with covered call writing.  There are some great premiums out there for calls.  2009 will be the year to make your career if you do it right.  Just think back to what you did in your first year of production and do that again. 

  well put   Legit GE real deal bonds   8   amzing