New New Reality Check

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Mar 10, 2009 1:50 pm


I have no doubt in my ability to gain people's trust. I have no doubt in my ability match people's needs with investments that make sense. I have no doubt in my ability ask for and get a sell from a qualified prospect. I have no doubt in my ability to work my arse off to make these things happen.
 
BUT. . . .
 
With the market going down, an emphasis on needing experienced financial advisors (not a newbie, no matter what your age) and people having less money to invest (if you don't count all that cash that people are afraid to put in b/c of the chicken littles on TV) I have a question for all you new-new's out there with a similar attitude that have STARTED SELLING over this last year or so.
 
What has been your experience vs. expectation?
In other words, are you actually doing what you expected/hoped to be doing as far as money in your bank account? If not, why?
 
btw-I posted this here in hopes that people who are actually selling at firms would answer instead of those of us who frequent the rookies page which are just training or applying
Mar 10, 2009 5:01 pm

That first paragraph was nice but complete BS, because apparently you do have some doubt because you just made up an excuse...

 
Experience doesn't really count in this market because nobody has been through THIS market before. Sure they have been through dips and downturns, but no one has been through this.
 
Mar 10, 2009 5:23 pm

It has been tough being a new-new getting started now.  Been in production since October of last year and people are definitely apprehensive.  It helps to be able to work with the other advisors in the office, but even with them, people just seem too scared to do anything. 

 
Definitely not producing what I was hoping, but talking to plenty of prospects and adding more every day, and getting the idea that once things actually do turn, there will be a lot of new accounts to come with it.
Mar 10, 2009 5:34 pm
Squash1:

That first paragraph was nice but complete BS, because apparently you do have some doubt because you just made up an excuse...



Experience doesn't really count in this market because nobody has been through THIS market before. Sure they have been through dips and downturns, but no one has been through this.





Squash - excellent point.



A case can be made that all of the "experienced advisors" got their clients into investment strategies that have knocked off 20 to 30% of their portfolios.

Mar 10, 2009 7:25 pm

wrong area to post this

Mar 10, 2009 8:55 pm

quit the business

your a pussy.

Costco Manager maybe

Mar 10, 2009 9:08 pm
CDO Squared:


Costco Manager maybe





Your boss quit?

Mar 11, 2009 10:13 pm

Squash, Okie, and Moraen-thanks for the input.

Mar 13, 2009 5:41 pm

I'm definitely not where my personal business plan saw me at this point, but I'm not discouraged. I'm holding my own which is more than I can say for some of my peers. But I'm motivated by the idea/fact that this is the year that will make my career (it could also break it, but in the immortal words of NASA to Apollo 13 - "failure is not an option"). I make it through this in one piece, and I'm pretty sure I can say I'll never have to deal with a crisis this bad again during my career.



Unless I live to be 132 or so, about which time we'll be well positioned for another depression like crash.