Time to panic?

or Register to post new content in the forum

43 RepliesJump to last post

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Mar 2, 2009 12:19 pm

at one point does the rep begin to panic?

Mar 2, 2009 12:20 pm

When there are no more retail investment clients left.

Mar 2, 2009 12:27 pm

When a Pizza can feed a family of four while the rep can't

Mar 2, 2009 12:32 pm

Now

Mar 2, 2009 12:42 pm

The worst part about this situation is that we KNOW it will eventually come back, we just don't know WHEN, and how long we can hold on financially.  Right now, not only is nobody doing anything, but in most cases, that's probably the right thing to do (unless you have cash on the sidelines).  But most people I know have all their money invested.  Even in their 401K's, people don't want to toiuch it for fear that it will somehow lose more by "fixing it".

 
I looked at our updated performance charts today.  My region is getting killed.  Most people are above standards, but if you look at the veterans over 10 years, the numbers are staggering how far off some people are.  It's strange, though, the newbs seem to be doing OK (not great).
Mar 2, 2009 12:50 pm
Borker Boy:

Now

 
Six months ago.
 
Mar 2, 2009 12:51 pm

I knew we'd have some bear markets in my lifetime, but not this bad

Mar 2, 2009 1:00 pm

You mean you guys aren't already panicking? Crap, where did I go wrong? I've been in panic mode for a while now.

Mar 2, 2009 1:05 pm

The time to panic is when any government official gets on TV to say anything.

Mar 2, 2009 1:06 pm
B24:

The worst part about this situation is that we KNOW it will eventually come back, we just don't know WHEN, and how long we can hold on financially.  Right now, not only is nobody doing anything, but in most cases, that's probably the right thing to do (unless you have cash on the sidelines).  But most people I know have all their money invested.  Even in their 401K's, people don't want to toiuch it for fear that it will somehow lose more by "fixing it".

 
I looked at our updated performance charts today.  My region is getting killed.  Most people are above standards, but if you look at the veterans over 10 years, the numbers are staggering how far off some people are.  It's strange, though, the newbs seem to be doing OK (not great).
 
Do we 'KNOW' that B24?  How do we 'KNOW' that? 
Mar 2, 2009 1:09 pm

government should have just given each household $8000 instead of this government spending stimulus plan

Mar 2, 2009 1:15 pm

Panic about what?

Mar 2, 2009 1:21 pm

Do Not Panic. that is counter productive and accomplishes nothing. let clients & prospects panic, and use that as an opportunity to rebalance their holdings(if needed), provide advice, and generate revenue.


I know this sucks, but gotta keep grinding.
Mar 2, 2009 1:30 pm

you shd have taken a check

maybe too late now

survivial

Mar 2, 2009 2:16 pm
JayMc:

you shd have taken a check

maybe too late now

survivial





My wife asked me a week or two ago if that offer from Morgan Stanley was still available. I believe our conversation about her spending has made her panic.

Mar 2, 2009 2:33 pm
Incredible Hulk:
JayMc:

you shd have taken a check
maybe too late now
survivial



My wife asked me a week or two ago if that offer from Morgan Stanley was still available. I believe our conversation about her spending has made her panic.

 
That seems to be a somewhat common theme, Hulk.
 
Speaking with clients (retirees by and large) who seem to believe that they're insulated from the trials and tribulations of the working class, I've had a deuce of a time convincing them that although they can't 'lose' their jobs, some savings and alteration of extravagant lifestyle is in order.  Pointing to proposed Medicare cuts and proposed tax increases and new taxes seems to be the only way to awaken them from their lethargy. 
 
Scary stuff.
Mar 2, 2009 2:38 pm

stock market appears to be one big casino. one with real small payouts

Mar 2, 2009 2:41 pm
snaggletooth:

Panic about what?





Notorius BIG and Tupac were alive last time market was at these levels

Mar 2, 2009 4:12 pm
snaggletooth:

Panic about what?



failure of insurance carriers....

Mar 2, 2009 8:59 pm

Tupac? where did that come from.

are us a bro? not many in our biz



they dont know who we be...