Eleventy kabillion!

Doing what is best for you is the right amount of production.  I
would say the minimum for being a player is maintaining at least 100K
per month.

The question was what is being produced by those who post on this forum.

So far we have Joe with his trademark "Eleventy kabillion" which indicates that he's doing about $12,000, if that.

Remember the statements that LPL is great because their business model allows them to make a profit on producers who do $125,000?

Only somebody who is doing $125,000 would even think like that.

And then Rightway chimes in with some nebulous $100 grand per month to be a "player," whatever that is supposed to mean.

The only thing that is 100% certain is that nobody who wastes their time on this forum is a big hitter and if you ever see numbers, figure that they're three to four times reality.

For example, in my last year I did $1,500,000.  Now, your challenge is to figure out what I really did in my last year.  Remember, I was in the upper 5% of the nation at a major wirehouse.

Did you have institutional money or just individual investors? What kind of work did you do? Where did the largest revenue come from?

[quote=NASD Newbie]

The question was what is being produced by those who post on this forum.

So far we have Joe with his trademark "Eleventy kabillion" which indicates that he's doing about $12,000, if that.

Remember the statements that LPL is great because their business model allows them to make a profit on producers who do $125,000?

Only somebody who is doing $125,000 would even think like that.

And then Rightway chimes in with some nebulous $100 grand per month to be a "player," whatever that is supposed to mean.

The only thing that is 100% certain is that nobody who wastes their time on this forum is a big hitter and if you ever see numbers, figure that they're three to four times reality.

For example, in my last year I did $1,500,000.  Now, your challenge is to figure out what I really did in my last year.  Remember, I was in the upper 5% of the nation at a major wirehouse.

[/quote]

$92,500?

[quote=peanutbroker]Did you have institutional money or just individual investors? What kind of work did you do? Where did the largest revenue come from?[/quote]

I was a retail broker with two small life insurance companies that periodically bought twenty to fifty thousand shares of preferreds--and at the end of the year genrated about $25,000 in gross as they did their tax trading.

As with most transaction oriented brokers 90% of my business came from 10% of my book.  I only had about 700 accounts who had done business with me--a great many of them had been call-in type clients who wanted to do a trade or two--mostly liquidating shares they had gotten somehow.

I had about a dozen VERY active traders--which I defined as being a client who traded at least once a day.  I had another twenty or so who would trade several times a week, but not necessarily every day.  And about 200 who were fully margined covered call writers--which meant that they would pay gross commission that approached 75% or so of their equity.

It's a shame that that type of business is no longer done--it really was fun and always interesting.

I can't imagine how boring it must be to do nothing but gather assets to be turned over to somebody else for the thinking part.

I can’t imagine a grown man with a fetish for dogs and old, fat women.

And to think the people who read what we have to say believe that Knucklehead’s point of view is not worth reading.

NEWBIE,



Before you said you worked for two large national wirehouses and now you say two small insurance companies, can you explain that?

[quote=bankrep1]NEWBIE,

Before you said you worked for two large national wirehouses and now you say two small insurance companies, can you explain that? [/quote]

Missing commas.

[quote=NASD Newbie]

The question was what is being produced by those who post on this forum.

And then Rightway chimes in with some nebulous $100 grand per month to be a "player," whatever that is supposed to mean.

The only thing that is 100% certain is that nobody who wastes their time on this forum is a big hitter and if you ever see numbers, figure that they're three to four times reality.

[quote=NASD Newbie]The only thing that is 100% certain is that nobody who wastes their time on this forum is a big hitter and if you ever see numbers, figure that they’re three to four times reality.

For example, in my last year I did $1,500,000.  Now, your challenge is to figure out what I really did in my last year.  Remember, I was in the upper 5% of the nation at a major wirehouse.[/quote]

I'm guessing that you inflated your number on a factor of 10, giving you annual production of $150,000, which would have been pretty good in the 70's...

I'll be honest and not fudge my numbers and tell you that for the first eight months, I've produced exactly $124,944.69, making my average month $15.6K.  Keep in mind that this represents months 6-13 as an independent starting from zero.  Also remember that it includes the summer months.  Am I satisfied with that level? Not yet.  Am I making a comfortable living when I'm taking 10K/month home and enjoying the tax advantages of operating my corporation? I think so.  My September pipeline is literally over $50,000, so I'm confident that my average will be going considerably higher.

I'll be satisfied at about 30K/month, which I should hit next year.  Some won't like to hear that, and a wirehouse probably wouldn't be all that thrilled with it, but I would take home at least 250K/year at that level.  That's why I am where I am.  I have no grand ambition to take home 500K/year...I'd be well satisfied with half of that.  I couldn't care less if anyone thinks that's small stuff, or that I'm "lazy" or a "loser".  I have a $500 house payment and own four vehicles without any car payments attached.  I don't have any desire to retire early.  I'm happy now and I only see things getting better.

The reality is, I'm making more money on half the production,and more importantly, I was able to rid myself of people like...well...you know who...

After I hit the $150,000 in income mark, it stopped being about the money and started being about having fun and being happy.

I second what indyone said!

I am at $224,000 as of the end of August and I am very content with that. If I was at a wire house they would not be content with it! And they would make my life misserable along with my clients.

I think it's great to look at the top producers and think of yourself hitting numbers like that.  Unfortunatly the only numbers you need to focus on are the firm's and your family's.  What lets you keep your position with your firm and what keeps a sufficient amount of food on the table.  If you can't do those numbers, then you can't keep playing the game.  One of both of them will force you to stop.  Then you get to wonder about how much the guy at MCDs makes vs. your job at Taco Bell.

[quote=Spaceman Spiff]

I think it’s great to look at the top producers and think of yourself hitting numbers like that.  Unfortunatly the only numbers you need to focus on are the firm’s and your family’s.  What lets you keep your position with your firm and what keeps a sufficient amount of food on the table.  If you can’t do those numbers, then you can’t keep playing the game.  One of both of them will force you to stop.  Then you get to wonder about how much the guy at MCDs makes vs. your job at Taco Bell.

[quote=NASD Newbie]

The question was what is being produced by those who post on this forum.

So far we have Joe with his trademark "Eleventy kabillion" which indicates that he's doing about $12,000, if that.

Remember the statements that LPL is great because their business model allows them to make a profit on producers who do $125,000?

Only somebody who is doing $125,000 would even think like that.

And then Rightway chimes in with some nebulous $100 grand per month to be a "player," whatever that is supposed to mean.

The only thing that is 100% certain is that nobody who wastes their time on this forum is a big hitter and if you ever see numbers, figure that they're three to four times reality.

For example, in my last year I did $1,500,000.  Now, your challenge is to figure out what I really did in my last year.  Remember, I was in the upper 5% of the nation at a major wirehouse.

[/quote]

You never did that much in your dreams.  And you are not even employed now.

Newbie can’t even keep his lies and bullsh*t straight.

I think it's great to look at the top producers and think of yourself hitting numbers like that.  Unfortunatly the only numbers you need to focus on are the firm's and your family's.  What lets you keep your position with your firm and what keeps a sufficient amount of food on the table.  If you can't do those numbers, then you can't keep playing the game.  One of both of them will force you to stop.  Then you get to wonder about how much the guy at MCDs makes vs. your job at Taco Bell.

Imagine that, another ******* goes to an interview and is now qualified to give advice..

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