Any update on that LP offering?

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Feb 9, 2006 11:38 pm

Was wondering if there was any update on that LP offering.  If I were waiting for my LP and read about a bunch of new GP's I'd be a little annoyed.  Of course I have left Jones and quit drinking the kool-aid.


http://www.cknj.com/articles/2006/02/08/business/05business. txt


This guy is obviously one of the better looking IR/GP's.  Definitely got a face for radio.


Feb 10, 2006 12:31 am

geezus did he PAY someone to take that picture?

Feb 10, 2006 7:55 am

Nothing like being able to slide a quarter between one's teeth sideways.  Ouch!

Feb 10, 2006 9:38 am

"What, me worry?"

Feb 10, 2006 10:12 am

Damn, Bachmann has a brother???

Feb 10, 2006 11:10 am

I never had anything against Jones before but now things have changed after seeing that....

Feb 10, 2006 7:45 pm

Stop saying bad things about my Mom! It's not her fault that she's a little unattractive.

Feb 10, 2006 8:01 pm

EX, funny timing. I had a deposit in my account today for the LP I did not get, $18,700. Yes, it is taxable but, I put up no cash for it. I like that IRR

Feb 11, 2006 12:06 pm

not a bad deal!!!

Feb 11, 2006 11:05 pm
Guest1:

EX, funny timing. I had a deposit in my account today for the LP I did not get, $18,700. Yes, it is taxable but, I put up no cash for it. I like that IRR


If you're excited about getting paid part of what you should be getting every month at the end of the year, then more power to ya.  Kind of reminds me of when my old bank lowered our grid and put in a "bonus program".

Feb 11, 2006 11:19 pm
Guest1:

EX, funny timing. I had a deposit in my account today for the LP I did not get, $18,700. Yes, it is taxable but, I put up no cash for it. I like that IRR


Congrats Guest.  You should send the home office a thank you note for returning some of your hard earned money.

Feb 11, 2006 11:56 pm

Since we are at the start of tax season I cant help but think these Jones IR's bragging about LP and bonuses are a little like those people who celebrate their tax refund.   It's like they think they are getting some kind of free gift,  when we all know they really just overpaid to begin with.


Feb 12, 2006 12:03 am

Gee EX, that should put my payout right up to the 53-54% after expenses. let's see, profit sharing excess next week, bonus the week after that and NO I don't get a tax refund. Likely pay more than you net though. I really doubt you are there on payout. INDY, your grid comment makes no sense at all. Care to try again?

Feb 12, 2006 8:52 am

53%?? That seems very high...43%?

Feb 12, 2006 11:44 am

Guest1...what is your profitability for the year on the P&L? How much overhead allocation? What did you get in bonuses?



(not jabs-real questions)



Thanks



CIB

Feb 12, 2006 2:22 pm
Indyone:
Guest1:

EX, funny timing. I had a deposit in my account today for the LP I did not get, $18,700. Yes, it is taxable but, I put up no cash for it. I like that IRR


If you're excited about getting paid part of what you should be getting every month at the end of the year, then more power to ya.  Kind of reminds me of when my old bank lowered our grid and put in a "bonus program".



dude they just don't get it, do they?

Feb 12, 2006 4:28 pm

CIB, profit was 380, don't know bonuses offhand except for the third one that pays next week, 43k. Allocations I will look tommrw.

Feb 12, 2006 5:17 pm
exdrone:

Since we are at the start of tax season I cant help but think these Jones IR's bragging about LP and bonuses are a little like those people who celebrate their tax refund.   It's like they think they are getting some kind of free gift,  when we all know they really just overpaid to begin with.




Guest,


On Wed LPL will deposit 13k into my bank acct.  Thats my 2 week net on a gross of about 15.  My first dep for Feb was 10k on a gross of about 12k. My overhead is about 4700/mo.  That makes my net  before taxes roughly 61%.  You may pay more in taxes than I net, buy you may have a little more time in the bus than my 6yrs also.


I guess we can start the pissing contest again...

Feb 12, 2006 5:26 pm
Guest1:

INDY, your grid comment makes no sense at all. Care to try again?


OK...I'll try to keep the words at no more than six letters and two syllables each...


EDJ is just paying you part (a bit over half) of what you earn.  This "bonus" means they are paying a little more of YOUR gross back to YOU (and they keep the rest.)


That's my last attempt at explaining the obvious to you.  If you still don't get it, I'm sure you'll continue to be happy right where you are.


There's nothing limited about my partnership of one.

Feb 12, 2006 5:37 pm
exdrone:

Guest,

On Wed LPL will deposit 13k into my bank acct.  Thats my 2 week net on a gross of about 15.  My first dep for Feb was 10k on a gross of about 12k. My overhead is about 4700/mo.  That makes my net  before taxes roughly 61%.  You may pay more in taxes than I net, buy you may have a little more time in the bus than my 6yrs also.


I guess we can start the pissing contest again...


I'm getting a higher net, ex...(27K gross-4K(LPL)-4.7K(OH)=67.7%...which is in line with my experience thus far also.  As production moves up, I expect that this percentage will be well above 70%.