People are STUPID
I had to vent at a client today
She wanted to close her account because she did not feel it was doing anything She doubled her money in the last four years Any way I lost my control This week end while I was sitting in front of the TV an add came on saying People are smart This add was promoting mortgages ( you have probaly seen it) Any way this is the same company who last year was pushing short term arms and interest only loans. They suckered people in then and now they are telling people how smart they are and how they need to refinace Bottom line PEOPLE ARE STUPID Sorry had to ventPeople are stupid and It sounds to me like your client might be the leader of the stupid people.
Those are the types of clients you don't want.. They take twice as long to talk to and yes you make money- but is it worth it?? That is the question. Miss JWhen I talk with a new prospect, and I mean new (never invested), I tell a story of a stupid client I had a few years ago. She inherited a small amount-10k- and wanted to invest. We met a couple of times and she decided to go with American Funds, capital income builder. 5 months into the investment, she gained her commish back and made a few. Two months later, the market dipped in the summer and she was in to cash out. She wasn't going to lose all her money to the market. This was 2003. I would guess the 10 would be close to 15k by now. You can't cure STUPID.
Amazing, isn’t it?
I've asked clients in the past why they didn't call to cash out when their portfolios we going up way too fast. That's when you get that deer-in-the-headlights look.Welcome to Darwin’s theory of financial stupidity…stupid people may be able to make money and they may acquire large sums of money either through dumb luck or fortuitous breeding, but they have no capacity to make their money work for them. You may meet a person who is both wealthy and stupid, but odds are, one of those attributes will eventually disappear…
Greenbacks, enjoy letting that one go...your time is better spent on someone with the intelligence to appreciate your efforts.Congratulations! you have one less stupid client.
They say that a fool and his money are soon parted. Don’t you often wonder how in the world they got together in the first place?
<SPAN =huge>Two things are infinite: the universe and human stupidity; and I’m not sure about the universe.
<SPAN =bold>Albert Einstein
<SPAN =>"The difference between stupidity and genius is that genius has its limits. "
Albert Einstein[quote=advisorman]<SPAN ="">"The difference between stupidity and genius is that genius has its limits. "
Albert Einstein[/quote] I'm assuming with all of your posts today that you have not met your "limits" yet.[quote=compliancejerk][quote=advisorman]<SPAN ="">"The difference between stupidity and genius is that genius has its limits. "
Albert Einstein[/quote] I'm assuming with all of your posts today that you have not met your "limits" yet.[/quote] no but by meeting you I have met a person that Einstein truly says has "no limits" and based on the fact you found everone of my posts and passed on your "great wisdom" I am so honored.[quote=advisorman
no but by meeting you I have met a person that Einstein truly says has "no limits" and based on the fact you found everone of my posts and passed on your "great wisdom" I am so honored.[/quote] what a funny guy you are .... you should embrace technology it makes life easier. But then again your firm only recently granted you email praise be Jim Jones and pass the kool-aid.[quote=compliancejerk][quote=advisorman
no but by meeting you I have met a person that Einstein truly says has "no limits" and based on the fact you found everyone of my posts and passed on your "great wisdom" I am so honored.[/quote] what a funny guy you are .... you should embrace technology it makes life easier. But then again your firm only recently granted you email praise be Jim Jones and pass the kool-aid.[/quote] Compliancejerk, Stop stalking me. You followed every comment I made yesterday and tried to trash them. Why? Do you hate Edward Jones so much that you have to try and belittle everyone that works for the firm? Does this make you feel empowered to belittle people? What is making you do this? All I can say is if you disagree then make it a REAL response and not this "I hate you" response. I promise if you treat me with respect I know I will return the favor.advisorman,
I was home again and need some entertainement. Yep don't like the firm or rather the people who following blindly. No I don't hate you, just your pious attitude. Your really promise to respect me? Check with your Branch Manager is that's permitted.[quote=compliancejerk]advisorman,
I was home again and need some entertainement. Yep don't like the firm or rather the people who following blindly. No I don't hate you, just your pious attitude. Your really promise to respect me? Check with your Branch Manager is that's permitted.[/quote] I am done. You win. I hope you are so proud that because of some unpleasant experience with Edward Jones you now have the right to destroy all people associated with the firm. Also how has my attitude been pious (having or showing or expressing reverence for a deity). Edward Jones is not my God. It is the company that I work for. You have not been reading my posts for I have never come from the side that Edward Jones was or is perfect. No large company is perfect and having been in corporate America most of my career you have to take the good with the bad. I was trying to come from the side that in this forum we are trying to help each other. Yes I like working for Edward Jones for I am in a good region and they let me make a good living in my community but I am not doing this for Edward Jones. I am doing this for my family and myself.pious can also mean - characterized by a hypocritical concern with virtue or religious devotion; sanctimonious.
and yes you have come off as santimoniousadvisors person,
on one thread you claim to have self -employed most of your life and on this thread you claim to have been in corporate America most of your career. sounds like you are unsure about this too.not if you are a consultant to corporate America for over 25 years. This is my last post so you can have the last word. Bye.
Thanks, but that was an easy win
my bad I didn't know as you didn't disclose about your experience. I guess using EJ logic might meany ou couldn't cut it after 25 years, but that's not the case (I am serious, but you can see how this could effect you if anyone said it to you). Bye bye muffin Hope you don't go up against some bad meanie broker from a competing firm when you try to present your wonderful families o'preferred funds....cj - I’m sure I’m not the only one who thinks this, so I’m gonna say it. You need to back off. We get it that you don’t like EDJ. OK, fine. You took a perfectly good thread that was not EDJ related and turned it into one. advisorman quoted Einstein and you retorted with a personal attack. It does seem like you are stalking him. Which is kind of weird. Of course I know first hand what that’s like since you did the same thing to me a couple of weeks ago.
I don't mind a good debate. Spears and I like to throw jabs at each other from time to time, but I think we'd probably get along pretty good in the real world. But you tend to cross the line and make personal attacks way too often. If you've got a bone to pick with Jones, why don't you try to find a more constructive way to do it than this? As advisors we already have a disdain for anyone compliance related. You're not helping the stereotype. So, again, do us all a favor and back off with the personal attacks. Thanks.okay spiffy you have clearly shown me the way
[quote=Spaceman Spiff]cj - I’m sure I’m not the only one who thinks this, so I’m gonna say it. You need to back off. We get it that you don’t like EDJ. OK, fine. You took a perfectly good thread that was not EDJ related and turned it into one. advisorman quoted Einstein and you retorted with a personal attack. It does seem like you are stalking him. Which is kind of weird. Of course I know first hand what that’s like since you did the same thing to me a couple of weeks ago.
I don't mind a good debate. Spears and I like to throw jabs at each other from time to time, but I think we'd probably get along pretty good in the real world. But you tend to cross the line and make personal attacks way too often. If you've got a bone to pick with Jones, why don't you try to find a more constructive way to do it than this? As advisors we already have a disdain for anyone compliance related. You're not helping the stereotype. So, again, do us all a favor and back off with the personal attacks. Thanks. [/quote]joedabrkr,
you're against me too!!!!! now I'm really sad[quote=compliancejerk]joedabrkr,
you're against me too!!!!! now I'm really sad[/quote]Not against you, just tired of your recent tirades against a-man. You made your point. Give it a rest. Go play with your kids, or take a nap. Maybe you'll be a little less crabby that way.
As I read the posts in this forum I have come to the conclusion that Registered Rep is just wasting space on their server with this forum. I have never seen so many self rightous people that go out of their way to belittle people for no reason. I guess this is suppose to be a private club for the superior beings known as independents and us peons just don’t understand.
I can't imagine how some of these people serve their clients when they appear to be so ignorant. Maybe it's all an act and they know how to act human when the situation arises.Doggone it...you've found us out...Maybe it’s all an act and they know how to act human when the situation arises.
[quote=Brian1960]As I read the posts in this forum I have come to the conclusion that Registered Rep is just wasting space on their server with this forum. I have never seen so many self rightous people that go out of their way to belittle people for no reason. I guess this is suppose to be a private club for the superior beings known as independents and us peons just don’t understand.
I can't imagine how some of these people serve their clients when they appear to be so ignorant. Maybe it's all an act and they know how to act human when the situation arises. [/quote]It's pretty amusing to see you referring to others as self-righteous....
Self righteous?! Why, I’m the most humble person in the whole world. NO ONE can outdo me in humility - NO ONE! I am the world champion of humility!!!
Self righteous … HA!
You seem to take great pride in your humility.
But MY humility makes me better than everybody else. LOLAmen, this board really does seem to have a lot of negativity. Okay who is going to call me an idiot, or a newbie that doesn’t know anything. Please someone prove my point!
Who wants to correct my spelling/grammar?Akkula,
A support person in the back office of a 401(k) administrator makes you on par with "secretary". When you get hired by someone as a financial advisor, you will then graduate to "newbie". A newbie who doesn't know anything is expected and accepted here. A secretary who thinks he knows things about being a financial advisor will get neither respect nor acceptance. I sincerely hope that you decide to become a productive member of this board.[quote=Akkula]Amen, this board really does seem to have a lot of negativity. Okay who is going to call me an idiot, or a newbie that doesn’t know anything. Please someone prove my point!
Who wants to correct my spelling/grammar?[/quote] Wow, I didn't even have to wait long after my original post to get my point proven. See the above post . I am proud of what I do and I train a lot of financial advisors on the intricacies of 401k plans so they can explain things to their clients. FA's shouldn't have to know all of this information just to sell and service a plan, so I am a good resource for them and I maintain much of the client relationship. So, far, my experience with this board has been a lot of people marking their territory and barking quite a bit, but I have not seen any real responses to any of the questions I have asked regarding 401k. I am hoping that there will at some point, be some substance because I am sure that many people have graduated from "newbie" status on 401k. So, if you really, really, really want to show me up, go ahead and respond with some type of knowledge about your craft on some topics that are on subject. Some certainly have proved that they have a Ph.D. in ruthlessly protecting their "hood" against those outsiders from down the block, but not much professional knowledge. ***I do appreciate all the good FA's on this board that are kind and helpful.[quote=Akkula]
So, far, my experience with this board has been a lot of people marking their territory and barking quite a bit, but I have not seen any real responses to any of the questions I have asked regarding 401k. I am hoping that there will at some point, be some substance because I am sure that many people have graduated from "newbie" status on 401k. So, if you really, really, really want to show me up, go ahead and respond with some type of knowledge about your craft on some topics that are on subject. Some certainly have proved that they have a Ph.D. in ruthlessly protecting their "hood" against those outsiders from down the block, but not much professional knowledge. [/quote]No doubt the reason you haven't seen any "real" responses to your questions is because those who possess the knowledge you seek have no reason to share that knowledge with someone as rude and arrogant as you have shown yourself to be.
Unlike you, we have nothing left to prove. We certainly have nothing to gain by "showing up" a back office admin who has not spent one single day as a FA. Some of us have been FAs as long as you have been alive. We share willingly with those wise enough to ask for help rather than demand it.
You, my friend, seem only hell-bent on alienating everyone who could possibly help you.
I think if any objective person cares to read my posts since I have shown up here, I have not attacked anyone personally and I have tried to contribute something. You can see that since my first post, people have tried to “put me in my place.” Nobody has really attacked my ideas or debated anything, just attacked me personally.
If by arrogant, you mean I stand up for myself when I am attacked, then "yes" I am arrogant. I am not sure if this is some kind of hazing you do to everyone who dares to post on this board, but if I can't be secure enough in myself and my knowledge, I probably don't have any business considering jumping to a FA position. I will encounter much worse out there with prospects. I do not know much if anything about being a FA, I DO know something about my niche and what plan sponsors expect regardless of my age or tenure. I do focus on that 365 days per year so I probably have more "time" in my specific product than others may have who do not specialize in that product. That is why I want to leverage my strength by focusing on something I know. Hopefully, we can have a truce because these types of exchanges seem to be counter productive. I shouldn't have started out by complaining! Thanks.Akkula,
It's a shame that you don't realize that when your were told to be a question asker and not a question answerer, you were getting good advice. Because you are so much on the defensive, everything looks like an attack to you. The best way to stop exchanges that you feel to be counter productive is to not participate in those exchanges.[quote=Akkula]I think if any objective person cares to read my posts since I have shown up here, I have not attacked anyone personally and I have tried to contribute something. You can see that since my first post, people have tried to “put me in my place.” Nobody has really attacked my ideas or debated anything, just attacked me personally.
If by arrogant, you mean I stand up for myself when I am attacked, then "yes" I am arrogant. I am not sure if this is some kind of hazing you do to everyone who dares to post on this board, but if I can't be secure enough in myself and my knowledge, I probably don't have any business considering jumping to a FA position. I will encounter much worse out there with prospects. I do not know much if anything about being a FA, I DO know something about my niche and what plan sponsors expect regardless of my age or tenure. I do focus on that 365 days per year so I probably have more "time" in my specific product than others may have who do not specialize in that product. That is why I want to leverage my strength by focusing on something I know. Hopefully, we can have a truce because these types of exchanges seem to be counter productive. I shouldn't have started out by complaining! Thanks. [/quote] Not everyone disagrees with you. Have you noticed people immediately judge you and try to guess your IQ here, with your very first few posts. I'd limit posting if I were you - you can't fight the "system" here. You've mentioned TRUCE a couple of times. It's not you: it's them. They haven't allowed you into their club yet....but hang in there and kiss up enough and they might. Now, you'll see someone attacking me only because I agreed with you.What is with this prattling on about “attacks” and “truces”? Correction and truth is no attack, just as allowing someone to persist in error is no favor.
No doubt growing up you probably also firmly believed that your teachers were mean and even attacked you. It is generally only with the benefit of time, experience and maturity that we come to finally realize that those “mean” teachers were the ones who taught us the most. Those that didn’t challenge us and instead let us skate by without any real effort may have seemed “nice” at the time, but eventually we come to realize that they did us no favors, unless ignorance truly is a virtue.
Learning anything of value is seldom easy, nor without some pain. None of us are immune from this, including those of us here who you apparently feel are being mean. We’ve all had to learn, and continue to do so. That some of us may be further along this particular path of learning than others is less an indicator of any superiority than it is a reflection of how long we have persisted in our journey, and how many times we’ve gotten back up after falling.
Often we’ve learned the hard way - by making stupid mistakes. Somewhere along the line most of us have had the good fortune of finding someone who generously shared their experience which helped us avoid having to make all the mistakes ourself. That is why some of us have chosen to ‘pay it forward’ by sharing some of our experience with those who are in the early stages of the journey we have been on for some time.
We don’t force anyone to listen to us or heed our advice. There is no club to join, no “kissing up” required, nor any IQ test administered.
By the same token, we don’t OWE anything to anyone here, nor do we respond favorably to those who seem to believe they are entitled to anything they want from us, when they want it, and in any manner they so choose. Trying to demand of someone that which can only be given by free choice is as fruitless an exercise in futility here as it is in the real world.
There is no truce from truth. Will you choose to be a “victim” of an “attack,” or a traveler on a challenging but exhilarating journey to your future?
Thank you Sir, may we have another. I noticed Akkula
is slowly gaining acceptance in other posts…he’s a big boy and can take care of himself without further interference from me.
Sure thing. Luv ya snuggems.
SWAK ...just taking some luv pointers from Ms. Lovey Dovey Jones.The troll is back.
A troll tries to get a REACTION out of someone - I'd say you are the troll. - no luv for you, here, go see Ms. Jones. or better yet thatgirl is more your style.
The reaction you provoke in me is “what a dork”.
Good to hear. I just knew if you met me half way, we could find something in common.
I had a couple come into my office. 29 and 31. Tech nerds. Know it alls. Came in looking to have their knowledge justified. Wanted my CPA to look at their return. They kept feeding him text book baloney while he tried getting through to them.
Then they came to see me. They had $170k spread among 37 mutual funds. Not kidding here. "Oh my dad suggested these" Sounds like a family of do it yourself know it alls. I told him my process and kept a copy of his "allocation" I call him a week later to schedule another appointment. Husband picks up "Anabuahbkuss it sounds like our portfolio is in great shape. We don't need your services at the moment" I lost it for the first time. :Mr Client, "sounds like"? There is nothing remotely good about your picture here. He starts laughing. I asked... "Mr client can you give me the exact number of mutual funds you hold?" " I do not know". "so why ar eyou laughing much less trying to fool yourself into thinking your portfolio 'sounds good'? if you cared about your money enough, you'd open your eyes and take the time to really know what it's actually doing instead of opening accounts and buying funds because they have 5 star ratings. Do you know the risk to reward ratio on your portfolio? Client laughs. Starts mumbling something. I hang up on him.37 MFs is impressive. Broker funds or DIYourself in to bankruptcy funds?
At least it’s “only” $170k…perhaps this is the same idiot???
http://www.reuters.com/article/bondsNews/idUSN0952458820080511
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