Gone

Nov 3, 2009 12:32 pm

Im curious what some of you guys who have left firms do in the weeks prior to leaving...lots of client contact, hints that you are leaving??

Nov 3, 2009 1:24 pm

I was hiding under my desk as we left at the market bottom.

  I all honestly I continued to do what I have always done.  I contacted them and met with them as much as I could.  I did not hint at anything, but since the company I was leaving was in trouble I just gave them the comfort that we had done our homework and Plan B was in place.  I also told them that I would be in touch soon.   Keep it simple and depending on what kind of contract you signed be very careful what you say.  I didn't even tell my top 5 clients ahead of time.
Nov 3, 2009 1:36 pm

I stepped up my client contact a month or two before leaving. I wanted to get in front of as many people as possible before I left to solidify the relationship. I did keep working regular hours and did a little bit of revenue to stay off the “who’s leaving next” radar.



I didn’t tell any clients ahead of time directly, but I did have a bunch of the “in case I were to leave” conversations to see what their reactions where. My clients told me after I left that they could sense I was on my way out the door.



A good friend of mine who just went Indy did tell a bunch of his clients ahead of time and has since moved over a ton of assets in a very short amount of time. I didn’t have the balls to do it.

Nov 3, 2009 2:27 pm

Get stuff in writing

hammer them now because once your there, leverage is gone.      
Nov 3, 2009 4:11 pm

No matter what macho bad ass crap you hear…its a horrible experience.

  Its 30 days of a living hell and 90 days of close to a living hell.   You will tell manager and poooof.....you have nothing.   scared the living crpa out of me.   here is the best advice:   be prepared to work 10 times harder then you worked as a rookie for 90 days. its will suck so be prepared but know that it WILL work and you will get your book and life back. there will be many times when you think you made a horrible mistake    work and dont dwell on anything  (good or bad) just keep pushing getting your people over and putting out the GD fires. dont take anything personal.  you WILL have some major disappointments. you will also have some people who surprise you the other way. take care of yourself like if you were preparing to run a marathon or something.   dont piss the money away use and adult allocation with your bonus dont spend any money for six months you got to pay the taxes which sucks  (you will understand)   if any tough guys on here tell you it was easy etc  they are lieing MF's it sucks.           
Nov 3, 2009 6:23 pm

I agree 100% with this as well.

Nov 3, 2009 6:34 pm

Going from one firm to another is like going from a lung cancer to bone cancer. They all suck …the problems are the same across the street. the management does not care and you will get screwed. GET A REAL JOB 

Nov 3, 2009 7:19 pm
meletio:

Going from one firm to another is like going from a lung cancer to bone cancer. They all suck …the problems are the same across the street. the management does not care and you will get screwed. GET A REAL JOB 

  Something you apparently don't have...   I don't understand why people who hate the industry(got fired, sucked at it, grew tired of it) feel the need to come here and post useless information?
Nov 3, 2009 7:31 pm

There is probably quite a bit that you don’t understand

Nov 3, 2009 7:31 pm

For starters why you keep posting here?

Nov 3, 2009 7:33 pm

Mainly to annoy people

Nov 3, 2009 7:39 pm

you could at least be funny at it.. Hank was here to annoy(and offer some guidance) but he made it funny

Nov 3, 2009 7:43 pm
meletio:

Mainly to annoy people

Meletio, consider it a job well done. Now please move on to your next job.
Nov 3, 2009 7:44 pm

OK her’s some guidance …over the past week or so 90 % of the economic numbers and earnings have beat expectations. ( some even on the top line ) and the mkt can’t hold a rally. That tells me that you should protect your gains if you have them. Buy some SDS or SH ( non leveraged ) and keep it in your account. Use your other $ to trade the bounces. That way if you are wrong you make money on the shorts. Don’t worry about taking a bath on the shorts b/c we probably do not have too much upside in the mkt.  Ok now for the humor. some people on this forum are so incredibly stupid that I am starting to question evolution.

Nov 3, 2009 7:55 pm

No i wasn’t looking for investment advice(not sure how you can give advice not knowing someones circumstances) meant building a business advice.

  Second that wasn't really funny, it lacked creativity.   May i ask what you do for a living?
Nov 3, 2009 7:57 pm

I actually stole that from Bill Maher. ( who I believe should be president only he’s a little too conservative for me ) . I trade my own account for a living.

Nov 3, 2009 8:00 pm

Yeah I think he is funny too.

  So you trade your own account? Is that the only income you have? How were you able to build up assets to make it as a day trader? What firm do you use?
Nov 3, 2009 8:01 pm

as far as building a business advice… sorry, I misunderstood. My advice is to simply do the right thing and don’t give because in every downturn tons of people do. The ones left standing inherit the books… Also live below your means and forget about the Joneses. The USA is made up of people that buy things they don’t need with money they don’t have to impress people they don’t know. Formula for disaster

Nov 3, 2009 8:05 pm

[quote=meletio] OK her’s some guidance …over the past week or so 90 % of the economic numbers and earnings have beat expectations. ( some even on the top line ) and the mkt can’t hold a rally. That tells me that you should protect your gains if you have them. Buy some SDS or SH ( non leveraged ) and keep it in your account. Use your other $ to trade the bounces. That way if you are wrong you make money on the shorts. Don’t worry about taking a bath on the shorts b/c we probably do not have too much upside in the mkt. Ok now for the humor. some people on this forum are so incredibly stupid that I am starting to question evolution.

[/quote]



OK short it then.

we get it. your a bear.



go all in short



Nov 3, 2009 8:06 pm

no not always a bear just think it’s running out of steam. My favorite stock to buy on dips it BTU. 

Nov 3, 2009 8:09 pm
WFAt:

Im curious what some of you guys who have left firms do in the weeks prior to leaving…lots of client contact, hints that you are leaving??


also,

You “friends” will probably disappoint you also. remember the buzzards are back at the ranch.



768×512 83.5 KB



this is your book

Nov 3, 2009 8:34 pm

[quote=meletio]I actually stole that from Bill Maher. ( who I believe should be president only he’s a little too conservative for me ) . I trade my own account for a living.
[/quote]

Now that was WAY funny

Nov 3, 2009 8:40 pm

you shouldn’t extrapolate your lack of being able  to do something on someone else.

(You may need a dictionary to look up extrapolate )

Nov 3, 2009 8:49 pm

[quote=meletio]you shouldn’t extrapolate your lack of being able  to do something on someone else.

(You may need a dictionary to look up extrapolate )

[/quote]

Not as funny

Nov 3, 2009 9:06 pm

[quote=meletio] as far as building a business advice… sorry, I misunderstood. My advice is to simply do the right thing and don’t give because in every downturn tons of people do. The ones left standing inherit the books… Also live below your means and forget about the Joneses. The USA is made up of people that buy things they don’t need with money they don’t have to impress people they don’t know. Formula for disaster

[/quote]



I felt the need to re-post this. I’m not sure I agree with the first part, since none of you should even be in business, but the last part is likely the most intelligent thing written here thus far.

Nov 3, 2009 10:08 pm

You’re right PB what what I thinking …sleazy crooks can’t do the right thing… sorry I had a momentary lapse of reason.

Nov 3, 2009 10:23 pm
permabear:

[quote=meletio] as far as building a business advice… sorry, I misunderstood. My advice is to simply do the right thing and don’t give because in every downturn tons of people do. The ones left standing inherit the books… Also live below your means and forget about the Joneses. The USA is made up of people that buy things they don’t need with money they don’t have to impress people they don’t know. Formula for disaster
[/quote]

I felt the need to re-post this. I’m not sure I agree with the first part, since none of you should even be in business, but the last part is likely the most intelligent thing written here thus far.

  I understand your frustration PB, however......the blame falls on you. I am in the biz of MAKING money. I make no excuses and do not compare myself to the S&P or any other index. A lot of these guys are salesman. ( hence the word BROKER ) I made 20,000 cold calls, 10,000 door knocks, countless seminars, and tons of group meetings. Probably have had 500 people sit with me and maybe a total of 300 clients. ( only 100 now, for various reasons ) Why didn't everyone talk with me? I could have saved their ass! I'm not sure I believe you are a broker, you seem like a pissed off ex-client. I do have some advice though......find someone that thinks like you and work with him. That way, you play a part if it turns out to be a failure. Peace and good luck.
Nov 4, 2009 1:47 am

I left late March 2009 and spent the final 10-12 days calling every A & B client trying to use cash to buy stocks and equity etfs.  I did not tell any clients or intentionally drop hints about leaving, but many said they knew something was up.

  The whole process is kinda like pledging a fraternity....3 months of hell but when it is through, you are so very glad you did it.
Nov 4, 2009 2:11 am

[quote=meletio] you shouldn’t extrapolate your lack of being able to do something on someone else.



(You may need a dictionary to look up extrapolate )

[/quote]



you used extrapolate incorrectly.



you know something Meletio…you are so f***ing pathetic i am actually starting to like you.



like a mangy stray dog, somehow becomes endearing. pisses on your shoes.   smells like shti. but you still feed him.



Im gonna bet you would be fun to go raise hell with. Chase tail and get drunk. bet your fearless hitting on hot babes. 3 kick you in nuts   3 throw drink in your face and you bed down number 7?



am i giving u too much credit?



im betting a number of bar fights?   



You HAVE pissed off a bunch of people on this stupid message board    

Nov 4, 2009 12:35 pm

Mr. Sunshine . I read your post and am very interested… You can call me anytime you want sweety. I look forward to meeting you

Nov 4, 2009 3:01 pm
Ferris Beuller:

Mr. Sunshine . I read your post and am very interested… You can call me anytime you want sweety. I look forward to meeting you



funny

This message board is a short