to add to what I said: This will also help you financially. Last thing you want to do right after college is screw up your credit by getting a car you can’t afford, suits you can’t buy, and so forth.  Make some money while you learn the business!

BankerBuddy raises a great point. But by no means take his suggestions as discouragement.

There are some recent grads I have witnessed make a killing over the years. All had similar attributes which consisted of a burning desire to succeed, VERY good people skills, a natural at understanding financial markets, could build a network effortlessly because people just wanted to be around them and lastly they all really had a VERY high confidence level and swagger that made everyone around them believe that failure has never been on their agenda and never will be.

The question to the potential rookies … is this you? If not? well you can expect a very rocky road ahead attempting to be in this business.

Very good advice except for one thing- DO NOT BLOW AN OBSENE AMOUNT OF MONEY ON A REDICULOUS CAR!!!

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If your clients have any sophistication, they will see this car as an imprudent waste of money.  Affluent individuals can cut trough bull S—t in a matter of seconds.

The wealthy will choose you because they see potential, knowledge, and competence.    

I think the keys are clarity, confidence, being concise, assertiveness, and over all attitude.        

 I challenge anyone on this forum to give me an example of an individual who, at age 27, pulled in 100 mil AUM in only one year..  Pm me their name and where they work..    

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Maybe it was dad’s and mom’s friend’s money. The clients could all even work for mom and dad, or be vendors.

Since we are all smart we should know that there are awesome “USED” cars for 10 to 15k. USE YOUR BRAIN and get a car like mine! Build your brand around your life and car.

[quote=AirForce]Since we are all smart we should know that there are awesome “USED” cars for 10 to 15k. USE YOUR BRAIN and get a car like mine! Build your brand around your life and car.

[/quote]

And what kind of car is yours?

I don't have any names for you, but it does happen.  It is 100% luck and it comes in the form of rich parents and their company's healthy 401(k) plan.

[quote=DirtyDeltaBro]

 I challenge anyone on this forum to give me an example of an individual who, at age 27, pulled in 100 mil AUM in only one year..  Pm me their name and where they work..    

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VERY FOOLISH advice. WHy dont you give them tips on surviving in the business!

I know a guy who works back on the East Coast. He is about 32-33 years old, and pulled in about $85M in his first 6 months. Granted, about $82M of that was from a corporate cash management account. Apparently he went to this prestigious prep school back in the day and was best friends wiht this kid whose dad was the CFO of a large company.  This FA called on the contact and within months he wqas the superstar of the training program.

I met him a couple times. Kid was an idiot who could barely speak in public. Had NO presence to him- but hey.. He was the MAN because he knew someone and got it done...

So it does happen....

[quote=AirForce]Since we are all smart we should know that there are awesome "USED" cars for 10 to 15k. USE YOUR BRAIN and get a car like mine! Build your brand around your life and car.
[/quote]

After looking around for 4 months I paid 15k cash for a Porsche Boxster, drove it for a year and "downgraded" to a BMW and got 15k for it on trade in.  Talked them down from 18k to 14k on the BMW so it was a cashless transaction.

I agree if you're patient and can wait for the right deal you can get nice cars for a decent amount.

Blarm, it 85MM if you're talking millions, but I understood and so did everyone else I'm sure.  Just want to help you keep that ML image sharp. 

By the way, did he put a fee on that 85MM?  It sounds awesome, but I don't see how having all that cash helped him out unless he could generate some revenue off it.

[quote=ExPropTrader]

[quote=AirForce]Since we are all smart we should know that there are awesome “USED” cars for 10 to 15k. USE YOUR BRAIN and get a car like mine! Build your brand around your life and car.
[/quote]

After looking around for 4 months I paid 15k cash for a Porsche Boxster, drove it for a year and "downgraded" to a BMW and got 15k for it on trade in.  Talked them down from 18k to 14k on the BMW so it was a cashless transaction.

I agree if you're patient and can wait for the right deal you can get nice cars for a decent amount.

[quote=joedabrkr] [quote=ExPropTrader]

[quote=AirForce]Since we are all smart we should know that there are awesome "USED" cars for 10 to 15k. USE YOUR BRAIN and get a car like mine! Build your brand around your life and car.
[/quote]

After looking around for 4 months I paid 15k cash for a Porsche Boxster, drove it for a year and "downgraded" to a BMW and got 15k for it on trade in.  Talked them down from 18k to 14k on the BMW so it was a cashless transaction.

I agree if you're patient and can wait for the right deal you can get nice cars for a decent amount.

[/quote]

Nice.  How old was the Boxster?
[/quote]

It was a '99 but the guy had changed the head and tail lights so it looked like an '04.  Now that it has warmed back up I'm kickin myself for gettin rid of it.

[quote=BankerBuddy]to add to what I said: This will also help you financially. Last thing you want to do right after college is screw up your credit by getting a car you can't afford, suits you can't buy, and so forth.  Make some money while you learn the business! [/quote]

AGREED.  This guy Seth is an idiot.  Yes you need to look nice, but it is YOU they want.  Not the suit or the car.  People who are attracted to those material things will have YOU chasing performance and the latest hot dot.  They are not the clients you want to build your business with.

It was a corporate cash management account at around 35BP’s I think. Even at 25 BP’s the account is kicking off about 200K in production- for doing nothing really…

Hummer, stretch limo - for those client events.  Although, it’s tough to park when you have to run to wal-mart for a new suit.

I live in the mountains. I drive a JEEP. Hummers are a hated up here!

Very few two wheel drive cars up  here!   

[quote=Greenbacks]

I live in the mountains. I drive a JEEP. Hummers are a hated up here!

Very few two wheel drive cars up  here!   

You cannot get around them on the Jeep trails! They are too wide.

When you are on cliff you do not want to meet one!  

Also there are a lot of environmentalists or think they are!