2 Years into Jones
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2 years with Jones. 30 in another industry. It taught me to recognize bullsh-t when I see it. Keep drinking the kool-ade. Best of luck at Jones. BTW, it’s easy to get a good statistical sample in only two years. And it’s just not impressive here. You have helped prove my point.
Yeah! We all don’t want to be bitched at either…I used to think no one whines on this forum more than me, but you’ve really taken the prize! Two f***ing years and you just realized you don’t like door-knocking!!!
Who is making you door knock?
Insight? I’ll try …
I believe I signed a three year contract = I haven’t even begun to do the homework, and I want you to help me.
Pay sucks = I’m not productive at my job, and I want you to help me.
Door knocking doesn’t work here = I haven’t any better ideas, but I don’t like this one. Please help me find a better one.
Product mix sucks = I can’t sell what I have, I need you to help me find something else I can’t sell.
Either produce or don’t, but don’t come here and bash the firm that is continuing to support you while you are underperforming. It really speaks volumes about your character.
Insight? I’ll try …
I believe I signed a three year contract = I haven’t even begun to do the homework, and I want you to help me.
Pay sucks = I’m not productive at my job, and I want you to help me.
Door knocking doesn’t work here = I haven’t any better ideas, but I don’t like this one. Please help me find a better one.
Product mix sucks = I can’t sell what I have, I need you to help me find something else I can’t sell.
Either produce or don’t, but don’t come here and bash the firm that is continuing to support you while you are underperforming. It really speaks volumes about your character.
You are in your 50's and just entering this field. Brutal !Playing in traffic is your best move from here forward.2 years with Jones. 30 in another industry. It taught me to recognize bullsh-t when I see it. Keep drinking the kool-ade. Best of luck at Jones. BTW, it’s easy to get a good statistical sample in only two years. And it’s just not impressive here. You have helped prove my point.
Partnership returns? Tell me, how is that not a ponzi scheme?
How IS it a ponzi scheme? The owners make more money than non-owners by providing the vehicle for employees to make money.
A ponzi scheme involves paying off others with money from new patsies.
[quote=52new]2 years with Jones. 30 in another industry. It taught me to recognize bullsh-t when I see it. Keep drinking the kool-ade. Best of luck at Jones. BTW, it’s easy to get a good statistical sample in only two years. And it’s just not impressive here. You have helped prove my point.
You are in your 50’s and just entering this field. Brutal !Playing in traffic is your best move from here forward.[/quote]
[quote=Ron 14]
Yeah, I can relate. Started at age 50 myself. Imagine some middle-aged idiot, knocking on your door in a snow storm talking crap about stocks while the world is crashing around you.
I just didn’t have enough self-respect to stop.
You are an idiot.. all firms use the same prospecting methods since the 60's... Calls/Doorknocking... Nothing has changed, there is no new way. And if you have been around a while then you look even dumber complaining about Jones because you should have known their methods.I guess if I were a 20 something with more time and energy than common sense and creativity, door knocking would be fine. I am not here to bash Jones. I am just not very impressed with the company or most of the advisors I have met. Ted had a great marketing plan. But it was developed back in the 60’s for the rural midwest and no competitors. He was against going into urban areas. What bothers me is that the GP’s were taught that system and can’t seem to come up with anything new. The failure of the British business shows how provincial the company is. Sorry if this hurts your feelings. I’ve been around a while and I will do what’s best for me.
It does work by the way... Van Pearcy is probably a top 10 producer at RJ.. guess where he spent 7-10yrs... You aren't hurting feelings, no one cares about Jones here... By the way the financial services landscape in the UK is much different than here in a lot of aspects. "F&cking Dumb People Annoy Me"
It's the same way law firms and CPA firms and medical practices work. The partners get rich off the worker bees. It's as old as Jesus himself. Didn't you say you've been around 30 years? I worked in real estate finance for over a decade before Jones. I was a corporate controller. Virtually all of our deals were structured as partnerships. I was involved in several hundred Real Estate partnerships over the years. Partners invested the capital. Partners earned returns. Partners demanded maximum returns for their invested capital. When partners did not receive acceptable returns, they would replace management, or exert extreme pressure on management. Managament would then minimize expenses as much as possible. If you don't like capitalism, move to Canada with our President.Partnership returns? Tell me, how is that not a ponzi scheme?
You’re wasting your time B - He’s smart enough to realize now that he’s stupid. He won’t post again under that name.
Right. UK is different than USA. So Jones failure in the UK indicates an inability to change with changing or different circumstances. Point taken, point made.
Right. UK is different than USA. So Jones failure in the UK indicates an inability to change with changing or different circumstances. Point taken, point made.
YOU ARE SO RIGHT!!!
Ponzi scheme, an unsustainable investment. The only way to maintain the Jones partnership system is to keep growing and increase productivity per FA. The farther you are down the partnership ladder, the less likely you will ever see financial benefits from the scheme. At some point you saturate the market. Long before that, new FA’s will read the writing on the wall and split.
Ponzi scheme, an unsustainable investment. The only way to maintain the Jones partnership system is to keep growing and increase productivity per FA. The farther you are down the partnership ladder, the less likely you will ever see financial benefits from the scheme. At some point you saturate the market. Long before that, new FA’s will read the writing on the wall and split.
Give me a T
Give me a R
Give me a O
Give me a L
Give me a L
You have to find it ironic that you are so stupid, that people who hate jones are even against you…
door knocking... humn, may work in the midwest, not so much in nj. I wouldnt take them seriously. In any case, it works.... why? when you are forced to see so many people in person, you are bound to get plenty of clients.
Now, no matter where you are working, if you are bringing on 12 mil a year.... they will not care how you get your clients, unless it is illegal. If you are bringing in the relationships, any firm will be happy to have you.
If you are not producing.... any firm will have you do their tried and true methods. deal with it. dont like it.... either leave, or start producing your way.
52new,
You probably need to quit now. At 2 years in the biz you should have made around 30k doorknocks or coldcalls by now. I'm guessing you haven't made any. Doorknocking works great in the city, I did it in a large metro area for 2 1/2 years and built a nice pipeline. I love all the blame that goes around, no matter what firm a person works for. In reality, every time that person needs to look in a mirror.[quote=rankstocks]52new,
You probably need to quit now. At 2 years in the biz you should have made around 30k doorknocks or coldcalls by now. I'm guessing you haven't made any. Doorknocking works great in the city, I did it in a large metro area for 2 1/2 years and built a nice pipeline. I love all the blame that goes around, no matter what firm a person works for. In reality, every time that person needs to look in a mirror.[/quote]