How Much is 100 Million?

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Aug 9, 2006 4:29 pm

NASD 100 million is something you will not see BECAUSE YOU SPEND YOUR WHOLE LIFE POSTING ON THIS BOARD.

Pick up the phone you waste of skin.

Aug 9, 2006 4:44 pm

[quote=vbrainy]

NASD 100 million is something you will not see BECAUSE YOU SPEND YOUR WHOLE LIFE POSTING ON THIS BOARD.

Pick up the phone you waste of skin.

[/quote]

Why would I want to do that?

Aug 9, 2006 9:40 pm

[quote=NASD Newbie][quote=joedabrkr] [quote=NASD Newbie][quote=compliancejerk]

Why do you waste so much time and energy on us? nothing better to do? Go play with your dog and take your wife to the beauty palor, and then play with your wife and take your dog to the palor.  We really don't care.

[/quote]

A lesson in message boarding.  When a moron writes palor instead of parlor once you might think it a typo--but when they do it twice you know they're an idiot.

[/quote]

This commercial message brought to you by the grammar and spelling police......
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Nope, just a guy with standards.

Do you ignore your own mistakes?  If not, why are you willing to have lower standards for others?

[/quote]

Yeah I guess you could call them that, but you might want to specify what kind of standards you're talking about.  As far as your behavior is concerned (not what you claim, it's all in the trees' fruit right?) the bar is set pretty low according to my rule book.  So in effect, you're not saying much by that statement (or 99.5% of your other flatulent diatribes for that matter).

Aug 10, 2006 12:26 am

I will be at 100 million in ten with little to no help from the market. You forgot to take compunding into effect. Also, It's only linear for the first 3-4 years. Then something happens and the snowball hits and it mushrooms out like some weird atomic cloud. I have a bunch of friends out 10-15 years and they all tell me the same thing:

The mushroom starts at 5 years. Does it again at 7 years. I don't know what it is, but it seems to be some universal thing.

and it's not linear at all.

RS

Aug 10, 2006 1:18 am

NASD - your post is a clear indication of why you never made it in the business.  Your bueuracratic, methodical method of gathering assets is a terrific example of exactly how we should not try to build our business.  Rockstar makes a good point in regards to the mushroom.  Our goal in the beginning is to be in front of as many people as possible, and branch out from there.  Eventually, we begin to come across people with 500k in investable assets, as opposed to your 100k.  A year or two later, we are having the same discussion with prospects at $1 million.  Clearly these are the people that we are going to build our business around.  You find me one advisor that has the resources, time, or energy to properly service 1,000 accounts with $100,000.  Furthermore, these accounts are generally less loyal and don't always see the value in the relationship as much as a more affluent client.  They can, after all, get asset allocation and a birthday card just about anywhere   . 

Aug 10, 2006 12:42 pm

[quote=NASD Newbie]How many $100,000 customers is that?  [/quote]

Far fewer than it would take to get to eleventy kabillion dollars in assets.

Aug 11, 2006 12:48 pm

[quote=NASD Newbie]

[quote=rightway]You should start by taking on
any new client possible, regardless of size.  The experience is
worth far more than the compensation.  However, as you get more
experience, and your business circles take you to more complex and
larger prospects you have to focus
because the steaks are higher and margin for error much smaller. 
This means spending less and less time on smaller relationships, and no
time on smaller prospects.

This is not a social statement,
just business.  I never bought into this until a several years
back…but I have found it to be one of the best decisions I have
made.  My growth exploded when this, among other decisions, was
made.

[/quote]

The steaks are higher, you mean you switched from round steak to fillet?

[/quote]

?? 
Aug 11, 2006 9:21 pm

stakes

Aug 11, 2006 9:25 pm

Hence my reference to his “flatulent” diatribes in an earlier post.

Aug 11, 2006 9:30 pm

I wonder if NASTY knows that he shouldn’t actually consume the contents of his soapbox?

Aug 11, 2006 9:50 pm

NASDNewbie said:

Pulled through?  She wasn't in a life threatening situation.  Yes she did get released and insisted that her husband go to Augusta, but I went too.  I was not allowed to play because there was already a foursome and they won't allow five to play--but they don't mind if somebody else tags along.

I had done that twice before, but never inside where the ropes would be.  I also got a chance to hit a few approach shots when it was not going to slow down the guys behind us.

I now have the highly sought business card of a member, and said member did suggest that I come back again sometime.

We'll see.

There must be no more boring drive than between Atlanta and Augusta, it was a six pack and then some.

Dinner last night was at a place called Bones--big steaks for big boys.

Now I'm busily packing for my trip home--seems like I'm supposed to drink my shampoo, or something like that.

*********************************************

Funny I made the above post before I read this just now. 

Aug 11, 2006 11:46 pm

Bones- Great place!

Aug 12, 2006 3:27 am

[quote=BrokerRecruit]

[quote=NASD Newbie]How many $100,000 customers is that?  [/quote]

Far fewer than it would take to get to eleventy kabillion dollars in assets.

[/quote]

Precisely!
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