Strange Meeting with referral
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Jul 16, 2009 2:05 pm
I was given a referral to a husband and wife who recently sold a business. Wife also sells RE on the side and is appearantanly quite good, even in this market.
I call and speak to the wife, who is very non comital, but says she will mention it to her husband. Husband calls back serveral hours later and sounds extremely happy to talk and then meet with me. Husband arrives at the meeting and announces that he wants to hear about the best investment I have. I tell him that before I will mention a product, I need to ask him some questions to find out about his background, goals other investments etc. I ask my questions. Then he says he has something to show me- A Pyramid Scheme centered around a new type of search engine / Craigs List competitor ! He brags about making $16k from a $1k investment and then says there are only a few slots available in the next flight of investment. I politely ask a few questions and quickly realize that he doesn't even know the details of what he is involved in. Then he asks about my relationship with God ! And proceeds to try to convert me ! After about 10min of listening, I finally stand up and tell him he has given me alot to think about. Waste of 1hr....[quote=exUBS]I was given a referral to a husband and wife who recently sold a business. Wife also sells RE on the side and is appearantanly quite good, even in this market.
I call and speak to the wife, who is very non comital, but says she will mention it to her husband. Husband calls back serveral hours later and sounds extremely happy to talk and then meet with me. Husband arrives at the meeting and announces that he wants to hear about the best investment I have. I tell him that before I will mention a product, I need to ask him some questions to find out about his background, goals other investments etc. I ask my questions. Then he says he has something to show me- A Pyramid Scheme centered around a new type of search engine / Craigs List competitor ! He brags about making $16k from a $1k investment and then says there are only a few slots available in the next flight of investment. I politely ask a few questions and quickly realize that he doesn't even know the details of what he is involved in. Then he asks about my relationship with God ! And proceeds to try to convert me ! After about 10min of listening, I finally stand up and tell him he has given me alot to think about. Waste of 1hr.... [/quote] So this guy is a Jones FA trying to get you to take advantage of the "opportunity?"I’m still waiting for someone to explain to me how Jones resembles a pyramid scheme.
[quote=exUBS]I was given a referral to a husband and wife who recently sold a business. Wife also sells RE on the side and is appearantanly quite good, even in this market.
I call and speak to the wife, who is very non comital, but says she will mention it to her husband. Husband calls back serveral hours later and sounds extremely happy to talk and then meet with me. Husband arrives at the meeting and announces that he wants to hear about the best investment I have. I tell him that before I will mention a product, I need to ask him some questions to find out about his background, goals other investments etc. I ask my questions. Then he says he has something to show me- A Pyramid Scheme centered around a new type of search engine / Craigs List competitor ! He brags about making $16k from a $1k investment and then says there are only a few slots available in the next flight of investment. I politely ask a few questions and quickly realize that he doesn't even know the details of what he is involved in. Then he asks about my relationship with God ! And proceeds to try to convert me ! After about 10min of listening, I finally stand up and tell him he has given me alot to think about. Waste of 1hr.... [/quote] I'm sorry for your time being wasted but that is F'n funny! Funny how such devout follower of God is so driven by the almighty dollar.[quote=exUBS]I was given a referral to a husband and wife who recently sold a business. Wife also sells RE on the side and is appearantanly quite good, even in this market.
I call and speak to the wife, who is very non comital, but says she will mention it to her husband. Husband calls back serveral hours later and sounds extremely happy to talk and then meet with me. Husband arrives at the meeting and announces that he wants to hear about the best investment I have. I tell him that before I will mention a product, I need to ask him some questions to find out about his background, goals other investments etc. I ask my questions. Then he says he has something to show me- A Pyramid Scheme centered around a new type of search engine / Craigs List competitor ! He brags about making $16k from a $1k investment and then says there are only a few slots available in the next flight of investment. I politely ask a few questions and quickly realize that he doesn't even know the details of what he is involved in. Then he asks about my relationship with God ! And proceeds to try to convert me ! After about 10min of listening, I finally stand up and tell him he has given me alot to think about. Waste of 1hr.... [/quote] What was strange about that?[quote=jkl1v1n6][quote=exUBS]I was given a referral to a husband and wife who recently sold a business. Wife also sells RE on the side and is appearantanly quite good, even in this market.
I call and speak to the wife, who is very non comital, but says she will mention it to her husband. Husband calls back serveral hours later and sounds extremely happy to talk and then meet with me. Husband arrives at the meeting and announces that he wants to hear about the best investment I have. I tell him that before I will mention a product, I need to ask him some questions to find out about his background, goals other investments etc. I ask my questions. Then he says he has something to show me- A Pyramid Scheme centered around a new type of search engine / Craigs List competitor ! He brags about making $16k from a $1k investment and then says there are only a few slots available in the next flight of investment. I politely ask a few questions and quickly realize that he doesn't even know the details of what he is involved in. Then he asks about my relationship with God ! And proceeds to try to convert me ! After about 10min of listening, I finally stand up and tell him he has given me alot to think about. Waste of 1hr.... [/quote] I'm sorry for your time being wasted but that is F'n funny! Funny how such devout follower of God is so driven by the almighty dollar.[/quote] Please don't judge all of us by the actions of this one kook. There are some very famous preachers out there preaching on financial success, but very little of it will help you find your way to heaven, or give you a better relationship with God. There's a reason the Bible teaches so much about money and false prophets.Don’t get me wrong Spiff, I’m a sometimes regular on Sunday also. It always has bothered me that the ones who make a point to be seen in church and talk about it are some of the most, how do I say it? Unholy of us all!
UNDERMINDED:
It's not. Borker is just a bitter little booger. I can recruit all day long, and yes, it gets me "brownie points" for limited partnership offerings, but I choose to spend my time building my business. Other than that, I derive no benefit from other advisors whatsoever, other than profit sharing and profit bonuses (and this is based on profit of my office and the company overall). Lets not forget, at many wirehouse firms, you actually get CASH in your pocket for recruiting transfer brokers. I know my friend at Merrill said he made like 75K one year on recruiting some transfer brokers. Not sure if that policy still exists, but at one time it did.I’m still waiting for someone to explain to me how Jones resembles a pyramid scheme.
[quote=Spaceman Spiff][quote=jkl1v1n6][quote=exUBS]I was given a referral to a husband and wife who recently sold a business. Wife also sells RE on the side and is appearantanly quite good, even in this market.
I call and speak to the wife, who is very non comital, but says she will mention it to her husband. Husband calls back serveral hours later and sounds extremely happy to talk and then meet with me. Husband arrives at the meeting and announces that he wants to hear about the best investment I have. I tell him that before I will mention a product, I need to ask him some questions to find out about his background, goals other investments etc. I ask my questions. Then he says he has something to show me- A Pyramid Scheme centered around a new type of search engine / Craigs List competitor ! He brags about making $16k from a $1k investment and then says there are only a few slots available in the next flight of investment. I politely ask a few questions and quickly realize that he doesn't even know the details of what he is involved in. Then he asks about my relationship with God ! And proceeds to try to convert me ! After about 10min of listening, I finally stand up and tell him he has given me alot to think about. Waste of 1hr.... [/quote] I'm sorry for your time being wasted but that is F'n funny! Funny how such devout follower of God is so driven by the almighty dollar.[/quote] Please don't judge all of us by the actions of this one kook. There are some very famous preachers out there preaching on financial success, but very little of it will help you find your way to heaven, or give you a better relationship with God. There's a reason the Bible teaches so much about money and false prophets. [/quote] Watch the movie "Religolous"....that's the only "truth". There are also lots of famous preachers out there who fondle little boys!B24:
It’s not. Borker is just a bitter little booger. I can recruit all day long, and yes, it gets me “brownie points” for limited partnership offerings, but I choose to spend my time building my business. Other than that, I derive no benefit from other advisors whatsoever, other than profit sharing and profit bonuses (and this is based on profit of my office and the company overall). Lets not forget, at many wirehouse firms, you actually get CASH in your pocket for recruiting transfer brokers. I know my friend at Merrill said he made like 75K one year on recruiting some transfer brokers. Not sure if that policy still exists, but at one time it did.
[/quote]
You get diversification credit though…
[quote=UNDERMINDED]I’m still waiting for someone to explain to me how Jones resembles a pyramid scheme.
It’s not. Borker is just a bitter little booger. I can recruit all day long, and yes, it gets me “brownie points” for limited partnership offerings, but I choose to spend my time building my business. Other than that, I derive no benefit from other advisors whatsoever, other than profit sharing and profit bonuses (and this is based on profit of my office and the company overall). Lets not forget, at many wirehouse firms, you actually get CASH in your pocket for recruiting transfer brokers. I know my friend at Merrill said he made like 75K one year on recruiting some transfer brokers. Not sure if that policy still exists, but at one time it did.
[/quote]
You get diversification credit though…
This is when you invite the prospect in your conference room and make him watch religoulous.
Squash1:
It’s not. Borker is just a bitter little booger. I can recruit all day long, and yes, it gets me “brownie points” for limited partnership offerings, but I choose to spend my time building my business. Other than that, I derive no benefit from other advisors whatsoever, other than profit sharing and profit bonuses (and this is based on profit of my office and the company overall). Lets not forget, at many wirehouse firms, you actually get CASH in your pocket for recruiting transfer brokers. I know my friend at Merrill said he made like 75K one year on recruiting some transfer brokers. Not sure if that policy still exists, but at one time it did.
[/quote]
You get diversification credit though…[/quote]
To be honest, I just don’t operate that way. The only people I would recruit are transfer brokers with books, or someone that would be appropriate to take over an existing office with assets. I would never recruit anyone “new” into this business - at any firm - I don’t want to feel responsible for their futures. This business is too tough.
Even so, that does not relate at all to a “pyramid scheme”. It’s just an incentive. A pyramid scheme would be more like everyone that I hire, I get a cut of their future earnings.
[quote=B24] [quote=UNDERMINDED]I’m still waiting for someone to explain to me how Jones resembles a pyramid scheme.
It’s not. Borker is just a bitter little booger. I can recruit all day long, and yes, it gets me “brownie points” for limited partnership offerings, but I choose to spend my time building my business. Other than that, I derive no benefit from other advisors whatsoever, other than profit sharing and profit bonuses (and this is based on profit of my office and the company overall). Lets not forget, at many wirehouse firms, you actually get CASH in your pocket for recruiting transfer brokers. I know my friend at Merrill said he made like 75K one year on recruiting some transfer brokers. Not sure if that policy still exists, but at one time it did.
[/quote]
You get diversification credit though…[/quote]
To be honest, I just don’t operate that way. The only people I would recruit are transfer brokers with books, or someone that would be appropriate to take over an existing office with assets. I would never recruit anyone “new” into this business - at any firm - I don’t want to feel responsible for their futures. This business is too tough.
Even so, that does not relate at all to a “pyramid scheme”. It’s just an incentive. A pyramid scheme would be more like everyone that I hire, I get a cut of their future earnings.
[quote=BioFreeze] [quote=Spaceman Spiff][quote=jkl1v1n6][quote=exUBS]I was given a referral to a husband and wife who recently sold a business. Wife also sells RE on the side and is appearantanly quite good, even in this market.
I call and speak to the wife, who is very non comital, but says she will mention it to her husband. Husband calls back serveral hours later and sounds extremely happy to talk and then meet with me. Husband arrives at the meeting and announces that he wants to hear about the best investment I have. I tell him that before I will mention a product, I need to ask him some questions to find out about his background, goals other investments etc. I ask my questions. Then he says he has something to show me- A Pyramid Scheme centered around a new type of search engine / Craigs List competitor ! He brags about making $16k from a $1k investment and then says there are only a few slots available in the next flight of investment. I politely ask a few questions and quickly realize that he doesn't even know the details of what he is involved in. Then he asks about my relationship with God ! And proceeds to try to convert me ! After about 10min of listening, I finally stand up and tell him he has given me alot to think about. Waste of 1hr.... [/quote] I'm sorry for your time being wasted but that is F'n funny! Funny how such devout follower of God is so driven by the almighty dollar.[/quote] Please don't judge all of us by the actions of this one kook. There are some very famous preachers out there preaching on financial success, but very little of it will help you find your way to heaven, or give you a better relationship with God. There's a reason the Bible teaches so much about money and false prophets. [/quote]Well.....aren't you the little sunbeam for Jesus! Does the bible say anything about lying for Windy to save face?
[/quote] Yeah, it does. Exodus 20 to be exact. Which is why I checked my facts before posting anything about Wind. I don't need to save face for anything. You may interpret that I do, but in reality I don't. I'll ask the question again that I asked on the other thread: What credibility to do you have that gives you the right to question mine?
[quote=Hey Kool-Aid][quote=Spaceman Spiff][quote=jkl1v1n6][quote=exUBS]I was given a referral to a husband and wife who recently sold a business. Wife also sells RE on the side and is appearantanly quite good, even in this market.
I call and speak to the wife, who is very non comital, but says she will mention it to her husband. Husband calls back serveral hours later and sounds extremely happy to talk and then meet with me. Husband arrives at the meeting and announces that he wants to hear about the best investment I have. I tell him that before I will mention a product, I need to ask him some questions to find out about his background, goals other investments etc. I ask my questions. Then he says he has something to show me- A Pyramid Scheme centered around a new type of search engine / Craigs List competitor ! He brags about making $16k from a $1k investment and then says there are only a few slots available in the next flight of investment. I politely ask a few questions and quickly realize that he doesn't even know the details of what he is involved in. Then he asks about my relationship with God ! And proceeds to try to convert me ! After about 10min of listening, I finally stand up and tell him he has given me alot to think about. Waste of 1hr.... [/quote] I'm sorry for your time being wasted but that is F'n funny! Funny how such devout follower of God is so driven by the almighty dollar.[/quote] Please don't judge all of us by the actions of this one kook. There are some very famous preachers out there preaching on financial success, but very little of it will help you find your way to heaven, or give you a better relationship with God. There's a reason the Bible teaches so much about money and false prophets. [/quote] Watch the movie "Religolous"....that's the only "truth". There are also lots of famous preachers out there who fondle little boys! [/quote] Did you not catch the false prophets part? There are famous preachers that fondle little boys? You mean famous like Billy Graham, W.A. Criswell, John MacArthur, Chuck Swindoll, or Chuck Colson? Or famous like some random priest somewhere whose name ends up in the newspaper? I've not seen that movie. In fact I didn't even know that it existed. I guess it must have been a blockbuster. Bill Maher? Seriously. You're going to base your version of "truth" on a movie made by Bill Maher? One of the most outspoken athiests of our time? OK, let me ask this question. If you don't believe there is a God who created this universe, put it in order, rules over it, and offers his love and compassion to those who accept what he did for us, then why in the world do you need to go to such lengths to speak out against Him? Why would it matter to you? Seems to me you're wasting a lot of time and energy trying to defeat an enemy that doesn't exist. That just doesn't make sense. Is it all religions or just Christianity that Bill attacks? Does he have a problem with Muslims? Buddhists? Rastafarians? Is he an equal opportunity athiest? Did he interview someone like Chuck Swindoll, Rick Warren, or Franklin Graham for his movie? I'm going to guess no. Probably because it wouldn't have been very comedic to be put in your place by someone who has an equally strong arguement that is in direct opposition to your beliefs. HKA - like I said before, don't judge all of us by the actions of a few. Even in the early church there were things being taught, practices going on, and people teaching bad doctrine. Things haven't changed much in the last 2000 years.Spaceman. It’s actually a well done documentary. He talks about all religions and how they are the same thing. He actually interviews pastors, priests and other religious folks and makes his determinations that way. I really enjoyed the movie.
It was actually very well done and not as biased as I initially thought going in. It was basically Bill going from religion to religion asking for someone high up within that religions church to prove that their “god” actually exists and what, other than faith and whatever Bible that religion uses, do they have to base their beliefs on. Not surprisingly, no one was able to provide any acceptable reasoning other than what their Good Book says and blind faith. I just checked up and its the 7th highest grossing documentary of all time. So yes, it actually was a pretty big hit, Spiff.
Bill Maher is a man with an agenda, he went into the filming of this movie with an agenda, it is in no way shape or form an un-biased documentary. If Sean Hannity had made this movie the outcome would have been different … both men with agendas.
I personaly don’t watch hack jobs like Hannity, Maher, Moore, or Gore … they each have something to sell me and I’m not buying it.
Rush is god though and the only true religion is Yankee Baseball and the NFL.
Douche - I mean Volt - Everyone has an agenda, for everything they do. His agenda = Make a documentary on why or why not religion is real" He documented it, and his questions weren’t answered. Just like you have an agenda every morning watch Opra and eat Bon-Bons.