When was your first?
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Made my first transaction today: sold 20 shares of Dell and the person was then nice enough to close her account so she could open a new one with me (wtf?).
I then got bum rushed and had my tie cut in half
[quote=anabuhabkuss]
Made my first transaction today: sold 20 shares of Dell and the person was then nice enough to close her account so she could open a new one with me (wtf?).
I then got bum rushed and had my tie cut in half
[/quote]
How much was your first commission?
[quote=bankrep1]And you've been giving you're opinion for months [/quote]
nothing production related...
Yes the tie thing is no joke! How could I make that up?
oh and today I’m about to rollover my first 401k. I should have bought some pants from Wal-Mart.
My first client was my Mother who wanted to buy some municipal bonds.
I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.
My Mother paid around $3,700 for them including $200 in gross for me.
Nobody cut my tie in half. That was a great day. I love this business.
[quote=P G D M]
My first client was my Mother who wanted to buy some municipal bonds.
I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.
My Mother paid around $3,700 for them including $200 in gross for me.
Nobody cut my tie in half. That was a great day. I love this business.
[/quote]
Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.
[quote=knucklehead][quote=P G D M]
My first client was my Mother who wanted to buy some municipal bonds.
I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.
My Mother paid around $3,700 for them including $200 in gross for me.
Nobody cut my tie in half. That was a great day. I love this business.
[/quote]
Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.
[/quote]
It was an odd lot. When you sell odd lots you are allowed a larger commission.
Plus my Mother did not object. I think she would have paid a price that include $300 but I do not believe the firm would have allowed it even though it was an odd lot.
[quote=P G D M][quote=knucklehead][quote=P G D M]
My first client was my Mother who wanted to buy some municipal bonds.
I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.
My Mother paid around $3,700 for them including $200 in gross for me.
Nobody cut my tie in half. That was a great day. I love this business.
[/quote]
Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.
[/quote]
It was an odd lot. When you sell odd lots you are allowed a larger commission.
[/quote]
What sort of bucketshop are you at where there's such a thing as a 5.7% YTB?
[quote=mikebutler222][quote=P G D M][quote=knucklehead][quote=P G D M]
My first client was my Mother who wanted to buy some municipal bonds.
I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.
My Mother paid around $3,700 for them including $200 in gross for me.
Nobody cut my tie in half. That was a great day. I love this business.
[/quote]
Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.
[/quote]
It was an odd lot. When you sell odd lots you are allowed a larger commission.
[/quote]
What sort of bucketshop are you at where there's such a thing as a 5.7% YTB?
[/quote]
It was an odd lot. The 5% thing is a guideline and if the firm can explain why they charged more than 5% the NASD will normally allow it.
My manager arranged the trade, the client was a related account and the customer did not complain.
My mother paid $200. 5% would have been a bit more than $175. It is not an issue. As I said I could have charged $3,800 for the bonds and it would have been OK with the client.
You charged your mother a commision
You must work in a wire house and they are teaching you that it is all about you and the firm getting paid and screwing the client! Even your own mother!
[quote=Greenbacks]
You charged your mother a commision
You must work in a wire house and they are teaching you that it is all about you and the firm getting paid and screwing the client! Even your own mother!
[/quote]
My mother wanted to pay a commission, she would have paid even more if it would make me look good in my boss's opinion.
[quote=P G D M][quote=Greenbacks]
You charged your mother a commision
You must work in a wire house and they are teaching you that it is all about you and the firm getting paid and screwing the client! Even your own mother!
[/quote]
My mother wanted to pay a commission, she would have paid even more if it would make me look good in my boss's opinion.
[/quote]If a customer voluntarily pays you more, it's called a tip.
Enjoy it, because it's your last one.
No manager will be impressed because you sold an odd lot of bonds to your mother. Focus on producing with new clients.
[quote=P G D M][quote=mikebutler222][quote=P G D M][quote=knucklehead][quote=P G D M]
My first client was my Mother who wanted to buy some municipal bonds.
I asked my manager for an idea and she looked on her computer and found $4,000 worth of City of Dayton Ohio general obligation bonds.
My Mother paid around $3,700 for them including $200 in gross for me.
Nobody cut my tie in half. That was a great day. I love this business.
[/quote]
Wow! Nice bonds! 5.7% to the broker. It's unheard of. That's why I don't believe you.
[/quote]
It was an odd lot. When you sell odd lots you are allowed a larger commission.
[/quote]
What sort of bucketshop are you at where there's such a thing as a 5.7% YTB?
[/quote]
It was an odd lot. The 5% thing is a guideline and if the firm can explain why they charged more than 5% the NASD will normally allow it.
My manager arranged the trade, the client was a related account and the customer did not complain.
[/quote]
None of those comments change the fact that it's a low rent outfit that would allow a 5.7% YTB......
My manager arranged the trade, it was a year ago.
I have been doing what the manager asks me to do and she is very happy with me.
So is my mother.
[quote=Greenbacks]
You charged your mother a commision
You must work in a wire house and they are teaching you that it is all about you and the firm getting paid and screwing the client! Even your own mother!
[/quote]
I'm not aware of any wirehouses that would allow 5.7%....
[quote=mikebutler222]
None of those comments change the fact that it's a low rent outfit that would allow a 5.7% YTB......[/quote]
The low rent outfit is UBS and the amount of money you are complaining about is less than $25, the manager specifically approved the trade and the charge, and the customer did not complain.
Don't be jealous because you don't have a mother with $3,700.
[quote=P G D M]
[quote=mikebutler222]
None of those comments change the fact that it's a low rent outfit that would allow a 5.7% YTB......[/quote]
The low rent outfit is UBS and the amount of money you are complaining about is less than $25, the manager specifically approved the trade and the charge, and the customer did not complain.
Don't be jealous because you don't have a mother with $3,700.
[/quote]
Great, I just read the other thread....
Geezze, Putsy, seek professional help...