This market is making me sick!

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Jul 15, 2008 8:19 am

Anyone else losing their appetite?

Jul 15, 2008 9:10 am

I sell annuities. I LOVE these market conditions. 

Jul 15, 2008 10:17 am

I smell blood in the water... time for me to scoop up some clients from FA's who lose contact with worried investors in times like these. My current FA use to email me every couple of weeks for whatever reason. He hasn't sent me anything in months. (I think it has something to do with the fact that my portfolio is going down quickly.) I'm guessing I'm not his only client having this issue. I can promise you when I become an FA I will take advantage of situations like this.

Jul 15, 2008 10:31 pm
River_King:

I smell blood in the water... (you ain't in the water yet) time for me to scoop up some clients from FA's (as soon as I get that annoying little 4 month training program out of the way) who lose contact with worried investors in times like these. My current FA use to email me every couple of weeks for whatever reason. He hasn't sent me anything in months. (I think it has something to do with the fact that my portfolio is going (take that knowledge that you are going to use to scoop up clients with and apply it to your own money moron) down quickly.) I'm guessing I'm not his only client having this issue. I can promise you when (when you do, then give advice) I become an FA I will take advantage of situations like this.

Jul 16, 2008 12:23 am

I'm holding out for the Dow to go negative.  I'd love for companies to pay me to take their stock.  In fact, I'd even loan out some money from my checking account in the form of a bond to the companies.

Jul 16, 2008 2:41 am
Jul 16, 2008 7:17 am
joedabrkr:
Hobby Bull:

I sell annuities. I LOVE these market conditions. 



lemme guess...you just tape a note to a dog, right?



lemme guess...you've been drinking all night?

Jul 17, 2008 11:15 pm

From my guy at ING..you are in for a surprise if you have VA's..They are only going to pay 25-50% of guarantee if things stay as is..read the fine print.

Jul 18, 2008 12:27 am
fritz:

From my guy at ING..you are in for a surprise if you have VA's..They are only going to pay 25-50% of guarantee if things stay as is..read the fine print.

 
How so? 
Jul 18, 2008 7:37 am
Primo:
River_King:

I smell blood in the water... (you ain't in the water yet) time for me to scoop up some clients from FA's (as soon as I get that annoying little 4 month training program out of the way) who lose contact with worried investors in times like these. My current FA use to email me every couple of weeks for whatever reason. He hasn't sent me anything in months. (I think it has something to do with the fact that my portfolio is going (take that knowledge that you are going to use to scoop up clients with and apply it to your own money moron) down quickly.) I'm guessing I'm not his only client having this issue. I can promise you when (when you do, then give advice) I become an FA I will take advantage of situations like this.

 
I was kind of hoping my post would be a sort of a rally the troops post aimed not so much at what I plan to do but remind you vets that just because the market is down don't lose contact with your clients or show them you're "sick to your stomach" over the current market. New rr will be using the current market as a sales tool shouldn't veteran rr's do the same? What good is the name calling really? I've joined this bored to learn. Ignorant about all of the ins and outs of this industry...yes. A moron...no. My post was not meant to be taken as a threat towards you. Moron.
Jul 18, 2008 4:43 pm
fritz:

From my guy at ING..you are in for a surprise if you have VA's..They are only going to pay 25-50% of guarantee if things stay as is..read the fine print.

 
Fritz, please expand on this.  You're telling me your ING guy said this to you about their own guarantees?  Either that's the worst salesman ever, or somebody doesn't know what they are talking about.
 
I read the fine print.  I didn't see anything for what would happen if the market went up and down and up and down and up and down over time.  That's more or less how things are, right?
Jul 18, 2008 7:03 pm
River_King:
Primo:
River_King:

I smell blood in the water... (you ain't in the water yet) time for me to scoop up some clients from FA's (as soon as I get that annoying little 4 month training program out of the way) who lose contact with worried investors in times like these. My current FA use to email me every couple of weeks for whatever reason. He hasn't sent me anything in months. (I think it has something to do with the fact that my portfolio is going (take that knowledge that you are going to use to scoop up clients with and apply it to your own money moron) down quickly.) I'm guessing I'm not his only client having this issue. I can promise you when (when you do, then give advice) I become an FA I will take advantage of situations like this.

 
I was kind of hoping my post would be a sort of a rally the troops post aimed not so much at what I plan to do but remind you vets that just because the market is down don't lose contact with your clients or show them you're "sick to your stomach" over the current market. New rr will be using the current market as a sales tool shouldn't veteran rr's do the same? What good is the name calling really? I've joined this bored to learn. Ignorant about all of the ins and outs of this industry...yes. A moron...no. My post was not meant to be taken as a threat towards you. Moron.
 
I won't tell you how to sell cars, you shouldn't give advice on how to be a FA.  You weren't talking about what you are going to do?  Reread your post starting as "I can promise you...".  Since you are not in the business and are not familiar with all the ins and outs, let me give you some food for thought.  Maybe your FA does not send you the monthly emails because he is busy doing his job.  You work much harder in a bear market than you do in a bull market.  You are contacting your A and B clients as often as humanly possible and taking call after call from your C clients.  BTW, the major hand holding is concentrated on the C clients, as the A and B clients are generally ok, they have seen this dance before.  It is the idiots who don't have a pot to piss in that eat your time.  If you want to come in and "scoop" up these clients, go for it.  It will keep you in the business for 2-3 years and then you will realize that you don't have any A or B clients and you will fail.
Jul 19, 2008 10:41 pm

Perfectly put Primo....

 
That wannabe can have all my C's.  That would free up half of my day so I can work the bottom of this market for my A's & B's...