OK let me get this right.....

You have a 'cake' job but you're thinking about becoming a broker....but you've been thinking about it for months now while you dispense advice to folks on this board.  You haven't so much as taken the S7 yet.

Oh and there is the mysterious 9-4 position where you'll make a hundred grand a year.

Now....you have a few hundred grand that you need liquid....just sitting around doing nothing....and you want us to share our advice with you.

Dude-if you had any CLUE about this business, you would know how good a rate that 4.1% is(or is not) for liquid safe money.

Why don't you ask your big producer future mentor/partner, if he really exists.  You can get an idea how he handles people when they as for advice!

Joe remember you need to chill. If you spent more time worrying about your clients instead of me you might make an extra 100k a year and delay your inevitable heart attack or depression.

Joe I only make 80k+ a year, but for a youngster that aint bad.

4.1% is good for savings. Next month it may be 4.2%.

Joe, do you ever spend more then a day thinking about a decision that effects the rest of your life?

Since I will live another 70 years I have a bit of time to make my decision.

I agree with Joe…Executivejock sounds like a flake.

I figured you had been in the biz for sometime....Hanging around on a board is not going to help you succeed. I would imagine it's hard even figuring out what the heck we are talking about without being in the Biz. Take the 7 already. You seem bright enough.

P.S. with a question like that....your setting yourself up to get nailed...if your for real..that I don't know. I am starting to get skeptical myself, but each there own.

Good Luck....

Figure out the time value of 4.1% vs waiting for that extra 10 BPS next week. Shoot, every one in the world knows AG & Co. is going to raise the funds rate on 12-13. 

The whole savings question was just a general question. Simple... Nothing to over analyze.

Flake.. Actually I serve my country and consider myself more of a warrior. Either I could have joined SB, ML or some other firm earlier this year or wait till 2007 to be under a successful INDY.

Since most people here stress how great it is to be INDY I would think this would be an easy choice.

Joe just does not like me since I support the war on terrorism and GW.

Anyone going to Europe for the holidays? Maybe we could meet up...

I support the war and Dubya--

Thanks for your role in the military- I have been seeing alot of reserve people latley. They are good savers!

To ANSWER the question--that's a great short term rate and no reason to tie up on anything else unless there is a liability due at a specifc date you'd want to marry up an asset with.  HSBC who I happened to use when they offered this rate, has a 4% savings and I'm acting like an 80 yr old and getting all proud of it....but last time I checked, 4.1 is better than 4.  Fund money mkts are just north of 3 I think....only other place that's OK for a little yield but short/safe is 12 mos CDs--4.25% some places (secondary market), but you really aren't gettin' much for that year vs the savings.

Straight to indy would take a special situation I would think; certainly can be done but not easy.  I would recommend only if linking up with a very trustworthy long term associate who is competent, willing to assist/train, and brutally honest about what it takes to build a practice.  Rare to find someone who can fit that profile AND still get something out of your newness (to create a win-win deal).

Thanks Cowboy! Appreciate the good feedback. This is a win-win. If I was a million dollar broker/PFA I would be extremly careful who I would welcome on board. For the most part what you stated is my situation.

[quote=executivejock]

Joe remember you need to chill. If you spent more time worrying about your clients instead of me you might make an extra 100k a year and delay your inevitable heart attack or depression.

Joe I only make 80k+ a year, but for a youngster that aint bad.

4.1% is good for savings. Next month it may be 4.2%.

[/quote]

I don't spend much time thinking about you at all....except when I read your posts...

[quote=executivejock]

The whole savings question was just a general question. Simple... Nothing to over analyze.

Flake.. Actually I serve my country and consider myself more of a warrior. Either I could have joined SB, ML or some other firm earlier this year or wait till 2007 to be under a successful INDY.

Since most people here stress how great it is to be INDY I would think this would be an easy choice.

Joe just does not like me since I support the war on terrorism and GW.

Anyone going to Europe for the holidays? Maybe we could meet up...

[/quote]

Actually my slow witted friend, I am a strong supporter of the war on terrorism and Mr. Bush, although he has his faults like we all do.

No, I dislike the fact that you are wasting our time asking for information about 'important decisions', and then telling us you're really just waiting to start your ideal position THE YEAR AFTER NEXT!  Please now  really, do you think we're stupid enough to believe it?

I am even more irritated when you're posting advice to other folks who have already passed their 7 and are trying to build their business and you offer advice that amny think is drawn from experience.  Yes of course you have your 'life experiences" as you've posted for all to read ::yawn:: but what do you REALLY know about what it takes to succed in this busines?

Served your country?  Which country is that?  Did they require that you pass an IQ test before you signed on?