[quote=cpafp][quote=joedabrkr][quote=cpafp][quote=joedabrkr][quote=cpafp]

[quote=joedabrkr] [quote=cpafp]I haven't found a way to mint money, but have found a career that allows me to earn a great living without acting like a used car salesman pushing products and providing a service that anyone with 15 minutes per week and an internet connection could do themselves.  I have decided to go into surgical sales which I am making low $100s not including bonuses and car allowance.  Plus I get the opportunity to go into surgery where surgeons actually respect me and my opinion.  As a FP they always look down on our industy.  It is very demeaning to me cold calling/cold walking and bothering these people.  I worked my a$$ off last year to make $65-70K and it is just not worth it.  You look at the number of brokers that are out there producting $250K in gross a year.....that is ridiculous.  I am not working that hard to earn that little of money.  I am telling everyone to get a fidelity account and walk through their asset allocation planner.  I guarantee it is as good as any of you all can do.[/quote]

If you really think folks will do just as well on their own working 15 minutes a day you are a complete fool!  We're all better off without you.

I feel sorry for the patients!  You think the surgeons 'respect' you more than clients?  Well only to the extent that you help them make more bank.  Naive!
[/quote]

Certainly physicians only respect you to the extent that you make them more bank, much like you profession (mine formally).  I bet I can get in to see a physician a lot easier than you can though.  And what do you do that is so value added for clients.  To you manage and look at each of your clients accounts every day?  I think not, thus if you asset allocate and stay disciplined, any investor can do the same thing a FP can do with a Fidelity account and 15 minutes per week.  You are an idiot if you think otherwise.  FP's add value with things like tax harvesting, estate planning, business succession planning, ect.  But come on, that is a small percentage of most peoples practice. Most out there are pushing products and by that I mean fee base platform, a shares, annuities, or uneeded life insurance.  I know because I have been there.

[/quote]

You are quite simply WRONG.  Among other things most individuals are not intelligent enough, disciplined enough, or free from emotion to be able to stick with an asset allocation plan when the proverbial excrement hits the fan.   Yet, at times of market extremes is when it is most important to stick with the program.  Too, most individual investors do not have the experience or expertise to know when a small tweak can help enhance returns or if it is a major and problematic departure from a plan that dramatically increases risk.

You sir are the fool because you THINK you learned something in a year where you didn't even meet the trainee standards for any of the wirehouses, and yet you have no idea how LITTLE you know.  Many of us have forgotten more in the last week than you've learned about how to properly invest a client's portfolio.

The only thing you have proven to me after a year is that you simply can't run with the big dogs.  So get out of the kitchen you petty little man, because it's hot in here, and go kiss up to the big doctors so you can sell your hip replacements.  Bye bye! 

[/quote]

you are wrong, I hit my training goals (I work for a wirehouse) and can substantiate it.  In fact I blew past my goals.  It is simply that I don't enjoy it.  I could stay in if I wanted, I just don't want to be a used car salesman which is what you all are.  Live with it, that is what you are.

[/quote]

Wow....I say what I have to say and then bid you farewell, and you just keep on talking.  You don't get it do you?  You're dismissed.  You should move on since you're 'so much better' than any of us.

I'm really sorry that things didn't work out and that you didn't make enough money for all your hard work.  However, in this business you get paid for results, not for 'trying hard'.

So you've made your point that you blew away all your goals, you are 'choosing' to leave, and that you've been tremendously successful at everything you do.  If you're really so super why do you have to spend all your time telling us?  I bet you poop roses too, right?  By the way, most successful CPA's make a good living, too, so why aren't you doing that?

Whatever man....life is too short for me to waste another second toying with you.  Have a good life.  Move along.  I've had my fun and most likely I will not answer your silly retort where you tell me again how wonderful you are.

Now get back on the phone and sell some more of those knee joints, ok?

[/quote]

Actually I hated being a CPA.  Was I tremendously successful at it......no.  I had good reviews, but I didn't have a passion for it and it showed.  I don't think that I am wonderful, I am simply stating that I did exceed my goals that the particular wirehouse put on me.  Meeting those goals was tough and I made less money than as a CPA working much harder than I did as a CPA.  I am not looking for an easy way out and don't think that my new career is easy either.  I respect ANYONE that has continued success in FPing because it is a tough career.  To be completely honest I just didn't like it as much as I thought I would.  I have spent 15-16 months in production and another 5 in training.  I do think there is a place and time where an FP is needed and adds value, perhaps it is just MY experience that the particular clientel I delt most with could have really done it themselves.  I am basing all of my opinions and comments based on my limited exposure and knoweldge of this career.  I am not by any means a FPing expert and don't present myself to be.  Perhaps I was not even a good planner, but I did hit my goals.  I also felt conflict because this job, in order to hit goals, you are sometimes tempted to do something that is not necessarily in the best interest of the client.  Although i have never done anything shadey, I just don't like being put into that situation.  I have seen too many people churning accounts, flipping annuities, ect and don't want to have to do that to make a living.  So if you judge success by hitting goals, then I succeeded.  If you judge success by being a valuable asset to your client, then I failed.

[quote=skeedaddy]Now I see where everyone has been. C’mon, just let the guy do what’s

best

for him and stop beating him up. Geez, you guys are like desperate

housewives.



It takes a sadomasochist to enjoy this career and its not for everyone.

Everyone needs a “feeder system” to make a good living at this. You can

have all the credentials in the world, and still struggle. If doctors had to

send out mass-mailings, cold call and do seminars, they’d be starving

too. That’s whats wrong with our industry.



I went to the NASDAQ-100 tennis open this week in Miami, FL. After 14

years registered with NASD, do you think they set up a VIP lounge to take

clients? No way. They suck.



How much do you want for the CFP books anyway?[/quote]

Skee read the entire thread and you’ll see he brought it upon himself with his arrogant holier than thou attitude.

And yes NASD pretty much sucks.  They aren’t going to make any effort to entertain their broker clients…they’ll spend it all on entertaining their big b/d and public company clients!

[quote=skeedaddy]Now I see where everyone has been. C’mon, just let the guy do what’s

best

for him and stop beating him up. Geez, you guys are like desperate

housewives.


It takes a sadomasochist to enjoy this career and its not for everyone.

Everyone needs a “feeder system” to make a good living at this. You can

have all the credentials in the world, and still struggle. If doctors had to

send out mass-mailings, cold call and do seminars, they’d be starving

too. That’s whats wrong with our industry.



I went to the NASDAQ-100 tennis open this week in Miami, FL. After 14

years registered with NASD, do you think they set up a VIP lounge to take

clients? No way. They suck.



How much do you want for the CFP books anyway?[/quote]



I make more than 3 times the average doctor, and I have not done a
public seminar in my entire career.  I am about 95% fee based,
charge the typical mutual fund shareholder pays, have sent about 50
kids to college, seen about 200 people retire early, sheltered a couple
hundred from the 2000 market disaster, and funded a few hundred
cavation home purchases. 



As for the doctor comparrison?  Well, I am not saving any lives or
bringing new life into the world, but I am allowing those that do the
ability to concentrate on that and not their financial matters.



This job is NOBLE!!! See it that way, be patient,  and you will be paid well and feel good. 



Go Sell Stuff and you will have to be a "sadomasochist to enjoy this career and its not for everyone.
Everyone needs a “feeder system” to make a good living at this. You can
have all the credentials in the world, and still struggle."



I don’t struggle, and I never have.

[quote=Dirk Diggler][quote=cpafp]

[quote=blarmston]okay.. great.. now GO AWAY.. [/quote]

Gladly....you quote in your signature speaks volumes.  You must be one of those churners.  There will come a day where we are all judged.  I hope that you can look at yourself in the mirror.

[/quote]

I agree with the accounting comment.

As far as making fun of me....no of you would ever talk this way to me in person instead you hide behind a message board.....The successful financial advisors that I know would never be able to log the number of posts that you all have....they are too busy servicing clients and prospecting.

Wait! Stay! I'm not done making fun of you, yet.

P.S. I couldn't stand accounting, either. I did both audit and tax and have a master's in accounting, but would rather piss razor blades than practice accounting.

[quote=skeedaddy]Now I see where everyone has been. C'mon, just let the guy do what's
best
for him and stop beating him up. Geez, you guys are like desperate
housewives.

It takes a sadomasochist to enjoy this career and its not for everyone.
Everyone needs a "feeder system" to make a good living at this. You can
have all the credentials in the world, and still struggle. If doctors had to
send out mass-mailings, cold call and do seminars, they'd be starving
too. That's whats wrong with our industry.

I went to the NASDAQ-100 tennis open this week in Miami, FL. After 14
years registered with NASD, do you think they set up a VIP lounge to take
clients? No way. They suck.

How much do you want for the CFP books anyway?[/quote]

Thanks for the comments....if you are serious (i have to be skeptical).  Anyway, like I said this job is just not for me.  Anyway, if anyone wants the books, make an offer.  I am just trying to get rid of them, I paid $895 for them.

[quote=rightway] [quote=skeedaddy]Now I see where everyone has been. C'mon, just let the guy do what's
best
for him and stop beating him up. Geez, you guys are like desperate
housewives.

It takes a sadomasochist to enjoy this career and its not for everyone.
Everyone needs a "feeder system" to make a good living at this. You can
have all the credentials in the world, and still struggle. If doctors had to
send out mass-mailings, cold call and do seminars, they'd be starving
too. That's whats wrong with our industry.

I went to the NASDAQ-100 tennis open this week in Miami, FL. After 14
years registered with NASD, do you think they set up a VIP lounge to take
clients? No way. They suck.

How much do you want for the CFP books anyway?[/quote]

I make more than 3 times the average doctor, and I have not done a public seminar in my entire career.  I am about 95% fee based, charge the typical mutual fund shareholder pays, have sent about 50 kids to college, seen about 200 people retire early, sheltered a couple hundred from the 2000 market disaster, and funded a few hundred cavation home purchases. 

As for the doctor comparrison?  Well, I am not saving any lives or bringing new life into the world, but I am allowing those that do the ability to concentrate on that and not their financial matters.

This job is NOBLE!!!!! See it that way, be patient,  and you will be paid well and feel good. 

Go Sell Stuff and you will have to be a "sadomasochist to enjoy this career and its not for everyone. Everyone needs a "feeder system" to make a good living at this. You can have all the credentials in the world, and still struggle."

I don't struggle, and I never have.


[/quote]

I would bet a large sum that you don't make 3x what the average doctor makes.  It is amazing, everyone on this board makes $500K.  I never knew that I was surrounded by such greatness.....BS.

 with the exception of you.

[quote=cpafp]

[quote=rightway] [quote=skeedaddy]Now I see where everyone has been. C'mon, just let the guy do what's
best
for him and stop beating him up. Geez, you guys are like desperate
housewives.

It takes a sadomasochist to enjoy this career and its not for everyone.
Everyone needs a "feeder system" to make a good living at this. You can
have all the credentials in the world, and still struggle. If doctors had to
send out mass-mailings, cold call and do seminars, they'd be starving
too. That's whats wrong with our industry.

I went to the NASDAQ-100 tennis open this week in Miami, FL. After 14
years registered with NASD, do you think they set up a VIP lounge to take
clients? No way. They suck.

How much do you want for the CFP books anyway?[/quote]

I make more than 3 times the average doctor, and I have not done a public seminar in my entire career.  I am about 95% fee based, charge the typical mutual fund shareholder pays, have sent about 50 kids to college, seen about 200 people retire early, sheltered a couple hundred from the 2000 market disaster, and funded a few hundred cavation home purchases. 

As for the doctor comparrison?  Well, I am not saving any lives or bringing new life into the world, but I am allowing those that do the ability to concentrate on that and not their financial matters.

This job is NOBLE!!!!! See it that way, be patient,  and you will be paid well and feel good. 

Go Sell Stuff and you will have to be a "sadomasochist to enjoy this career and its not for everyone. Everyone needs a "feeder system" to make a good living at this. You can have all the credentials in the world, and still struggle."

I don't struggle, and I never have.


[/quote]

I would bet a large sum that you don't make 3x what the average doctor makes.  It is amazing, everyone on this board makes $500K.  I never knew that I was surrounded by such greatness.....BS.

[/quote]

YOU shouldn't believe it. You have done so poorly that making a lot of money is outside the realm of your reality.

I like accounting OK, but I like being a financial advisor much better and it pays much better for the same amount of effort in my world.  I can work like a dog for a month for $20,000 in tax/accounting fees, or I can drop one nice ticket and do the same thing.  That decision is pretty easy for me.

I don't know about pissing razor blades, but I do know that I help a lot of people, get a lot of personal satisfaction from doing it, and am easily on pace to make six figures this year(albeit not anywhere near $500,000...yet).

Most importantly, I'm happy...I love what I do.  Since cpafp didn't, moving on is a good decision.

[quote=Indyone]

I like accounting OK, but I like being a financial advisor much better and it pays much better for the same amount of effort in my world.  I can work like a dog for a month for $20,000 in tax/accounting fees, or I can drop one nice ticket and do the same thing.  That decision is pretty easy for me.

I don't know about pissing razor blades, but I do know that I help a lot of people, get a lot of personal satisfaction from doing it, and am easily on pace to make six figures this year(albeit not anywhere near $500,000...yet).

Most importantly, I'm happy...I love what I do.  Since cpafp didn't, moving on is a good decision.

[/quote]

I like it, too. I could watch it all day long. When I left grad school, Arthur Andersen paid me $40,000 a year to tick, tie, and add columns down and across. They pimped me out at $240 per hour. Now, I'm making more than the rate they pimped me out at, which is more than the average partner makes.

[quote=Indyone]

I like accounting OK, but I like being a financial advisor much better and it pays much better for the same amount of effort in my world.  I can work like a dog for a month for $20,000 in tax/accounting fees, or I can drop one nice ticket and do the same thing.  That decision is pretty easy for me.

I don't know about pissing razor blades, but I do know that I help a lot of people, get a lot of personal satisfaction from doing it, and am easily on pace to make six figures this year(albeit not anywhere near $500,000...yet).

Most importantly, I'm happy...I love what I do.  Since cpafp didn't, moving on is a good decision.

[/quote]

Thank you!  Finally a sensable person on this board.  I can believe six figures no problem.  I appreciate your comments.  Iam glad that you are happy with your career, I just couldn't see myself doing that for the rest of my life.  Good luck!  I hope that you take a lot of business from the others here.

[QUOTE]

"...They pimped me out at $240 per hour. Now, I'm making more than the rate they pimped me out at, which is more than the average partner makes. "

[/quote]

Yeah, I'm so sure.  Keep dreaming!

[quote=cpafp]

[QUOTE]

"...They pimped me out at $240 per hour. Now, I'm making more than the rate they pimped me out at, which is more than the average partner makes. "

[/quote]

Yeah, I'm so sure.  Keep dreaming!

[/quote]

How would YOU know? You weren't good enough to get hired by a big six firm! In fact, it sounds like you're not good enough for anything.

[quote=cpafp]

[quote=rightway] [quote=skeedaddy]Now I see where everyone has been. C’mon, just let the guy do what’s
best
for him and stop beating him up. Geez, you guys are like desperate
housewives.

It takes a sadomasochist to enjoy this career and its not for everyone.
Everyone needs a “feeder system” to make a good living at this. You can
have all the credentials in the world, and still struggle. If doctors had to
send out mass-mailings, cold call and do seminars, they’d be starving
too. That’s whats wrong with our industry.

I went to the NASDAQ-100 tennis open this week in Miami, FL. After 14
years registered with NASD, do you think they set up a VIP lounge to take
clients? No way. They suck.

How much do you want for the CFP books anyway?[/quote]

I
make more than 3 times the average doctor, and I have not done a public
seminar in my entire career.  I am about 95% fee based, charge the
typical mutual fund shareholder pays, have sent about 50 kids to
college, seen about 200 people retire early, sheltered a couple hundred
from the 2000 market disaster, and funded a few hundred cavation home
purchases. 

As for the doctor comparrison?  Well, I
am not saving any lives or bringing new life into the world, but I am
allowing those that do the ability to concentrate on that and not their
financial matters.

This job is NOBLE!!! See it that way, be patient,  and you will be paid well and feel good. 

Go Sell Stuff and you will have to be a "sadomasochist
to enjoy this career and its not for everyone. Everyone needs a “feeder
system” to make a good living at this. You can have all the credentials
in the world, and still struggle."

I don’t struggle, and I never have.


[/quote]

I would bet a large sum that you don't make 3x what the average doctor makes.  It is amazing, everyone on this board makes $500K.  I never knew that I was surrounded by such greatness.....BS.

[quote=cpafp]

[quote=rightway] [quote=skeedaddy]Now I see where everyone has been. C’mon, just let the guy do what’s
best
for him and stop beating him up. Geez, you guys are like desperate
housewives.

It takes a sadomasochist to enjoy this career and its not for everyone.
Everyone needs a “feeder system” to make a good living at this. You can
have all the credentials in the world, and still struggle. If doctors had to
send out mass-mailings, cold call and do seminars, they’d be starving
too. That’s whats wrong with our industry.

I went to the NASDAQ-100 tennis open this week in Miami, FL. After 14
years registered with NASD, do you think they set up a VIP lounge to take
clients? No way. They suck.

How much do you want for the CFP books anyway?[/quote]

I make more than 3 times the average doctor, and I have not done a public seminar in my entire career.  I am about 95% fee based, charge the typical mutual fund shareholder pays, have sent about 50 kids to college, seen about 200 people retire early, sheltered a couple hundred from the 2000 market disaster, and funded a few hundred cavation home purchases. 

As for the doctor comparrison?  Well, I am not saving any lives or bringing new life into the world, but I am allowing those that do the ability to concentrate on that and not their financial matters.

This job is NOBLE!!! See it that way, be patient,  and you will be paid well and feel good. 

Go Sell Stuff and you will have to be a "sadomasochist to enjoy this career and its not for everyone. Everyone needs a “feeder system” to make a good living at this. You can have all the credentials in the world, and still struggle."

I don’t struggle, and I never have.


[/quote]

I would bet a large sum that you don't make 3x what the average doctor makes.  It is amazing, everyone on this board makes $500K.  I never knew that I was surrounded by such greatness.....BS.

He also failed to mention that looking for a new career wasn’t HIS idea.

[quote=Dirk Diggler][quote=cpafp]

[QUOTE]

"...They pimped me out at $240 per hour. Now, I'm making more than the rate they pimped me out at, which is more than the average partner makes. "

[/quote]

Yeah, I'm so sure.  Keep dreaming!

[/quote]

How would YOU know? You weren't good enough to get hired by a big six firm! In fact, it sounds like you're not good enough for anything.

[/quote]

Last I heard E&Y was a big six firm.  Such a dumb ass.  At least the firm I worked for still exists.  You were probably one of the ones shredding Enron workpapers.

[quote=rightway] [quote=cpafp]

[quote=rightway] [quote=skeedaddy]Now I see where everyone has been. C'mon, just let the guy do what's
best
for him and stop beating him up. Geez, you guys are like desperate
housewives.

It takes a sadomasochist to enjoy this career and its not for everyone.
Everyone needs a "feeder system" to make a good living at this. You can
have all the credentials in the world, and still struggle. If doctors had to
send out mass-mailings, cold call and do seminars, they'd be starving
too. That's whats wrong with our industry.

I went to the NASDAQ-100 tennis open this week in Miami, FL. After 14
years registered with NASD, do you think they set up a VIP lounge to take
clients? No way. They suck.

How much do you want for the CFP books anyway?[/quote]

I make more than 3 times the average doctor, and I have not done a public seminar in my entire career.  I am about 95% fee based, charge the typical mutual fund shareholder pays, have sent about 50 kids to college, seen about 200 people retire early, sheltered a couple hundred from the 2000 market disaster, and funded a few hundred cavation home purchases. 

As for the doctor comparrison?  Well, I am not saving any lives or bringing new life into the world, but I am allowing those that do the ability to concentrate on that and not their financial matters.

This job is NOBLE!!!!! See it that way, be patient,  and you will be paid well and feel good. 

Go Sell Stuff and you will have to be a "sadomasochist to enjoy this career and its not for everyone. Everyone needs a "feeder system" to make a good living at this. You can have all the credentials in the world, and still struggle."

I don't struggle, and I never have.


[/quote]

I would bet a large sum that you don't make 3x what the average doctor makes.  It is amazing, everyone on this board makes $500K.  I never knew that I was surrounded by such greatness.....BS.

[/quote]

If, after 15 years doing this, I made only $500k I would quit. 

The numbers are not that hard to get to when your fee based, especially for an Indy:  If you are collecting an average of 1%, you only need to be manageing around $60 million (the extra 100k is for expenses).  With the rollovers coming out today well over 1/2 million each, a few 1 and 2 million dollar clients in there, after a few years your there! 

I am not Indy, but I manage a big multiple of $50 million.  I can't speak for everyone on the board, but I think you would be surprised at how much money we make, but as I illuded to in my origional post, it is not about the money so much.  The longer you are in the business, the more you become financially independent, and you look for the satisfaction to come from places other than the commission check.  Believe what you like though.
[/quote]

If you manage $50MM at 1% that is only $500K GROSS, that is not how much you make.  I know some out there make good money, just seems odd that such a high percentage have so much time to post on here.  The ones I know sure don't.

[quote=joedabrkr] [quote=cpafp]

[quote=rightway] [quote=skeedaddy]Now I see where everyone has been. C'mon, just let the guy do what's
best
for him and stop beating him up. Geez, you guys are like desperate
housewives.

It takes a sadomasochist to enjoy this career and its not for everyone.
Everyone needs a "feeder system" to make a good living at this. You can
have all the credentials in the world, and still struggle. If doctors had to
send out mass-mailings, cold call and do seminars, they'd be starving
too. That's whats wrong with our industry.

I went to the NASDAQ-100 tennis open this week in Miami, FL. After 14
years registered with NASD, do you think they set up a VIP lounge to take
clients? No way. They suck.

How much do you want for the CFP books anyway?[/quote]

I make more than 3 times the average doctor, and I have not done a public seminar in my entire career.  I am about 95% fee based, charge the typical mutual fund shareholder pays, have sent about 50 kids to college, seen about 200 people retire early, sheltered a couple hundred from the 2000 market disaster, and funded a few hundred cavation home purchases. 

As for the doctor comparrison?  Well, I am not saving any lives or bringing new life into the world, but I am allowing those that do the ability to concentrate on that and not their financial matters.

This job is NOBLE!!!!! See it that way, be patient,  and you will be paid well and feel good. 

Go Sell Stuff and you will have to be a "sadomasochist to enjoy this career and its not for everyone. Everyone needs a "feeder system" to make a good living at this. You can have all the credentials in the world, and still struggle."

I don't struggle, and I never have.


[/quote]

I would bet a large sum that you don't make 3x what the average doctor makes.  It is amazing, everyone on this board makes $500K.  I never knew that I was surrounded by such greatness.....BS.

[/quote]

I never claimed to make 500k, nor has Indy.  I'm not skipping any meals, though.  Best of all in my mind, I own a business I don't have a J-O-B.

I don't think you posted here to sell your books.  You just want people to listen to your whining about how this busines is 'soooooo hard' and endorse your new career.  You didn't get what you wanted, so now you're annoyed.
[/quote]

I really would be just happy to sell my books and go on my merry way.

Your books are unlucky. They didn’t work for you.