[quote=mikebutler222][quote=joedabrkr] [quote=mikebutler222]

[quote=joedabrkr]
So that would suggest the true value would be in perhaps a 2 year old M5 or S55?
[/quote]

Only if you lack the good sense and taste to buy the obviously superior car, a Porsche. 

[/quote]

Yes but it's not as easy to fit two kids in the back of the 911......
[/quote]

Depends on their size. Once they reach 6' you may have to get a Cayenne in addition to the 911 

[/quote]

Mike I like the way you think....I'll PM you my wife's phone number and you can talk to her about that idea tomorrow.....

and oh yeah.....GO CARDS!

[quote=BondGuy][quote=joedabrkr] [quote=BondGuy]

With all the moving parts of a deal noone knows how much you're worth until you put yourself out there. If you're serious about moving, either contact a recruiter, Jeff comes to mind, or interview at several different firms. Most of the offers will be in the same ballpark. Yet, local or regional needs could put one offer well above others. Usually not a good idea to jump at the highest number. Best fit with the local BOM followed by fit with the firm are the biggest concerns.

The problems with moving, if you've never done it are:

1. The grass is never greener at the office across the street.

2. That manager you really like gets fired for sexual misconduct with a trainee. Who Knew?

3. The tax man cometh. And he keeps cometh-ing for the length of your deal. This is a problem for some if not most. Take the taxes on let's say $500k, that's easily $150k. Over five years that's $30k a year, or $2500 out of every paycheck for five years. Longer deals will lower that number, but it still a cash flow planning issue.

4. Mercedes depriciate. A time honored tradition for recently moved FAs is a trip to the car dealer. Porsches ,Escalades, BMWs, Benzes, Lotus, Jaguar, and Aston Martins adorn the parking lots of many brokerage offices. At least they do mine. I counted 8 BMWs from our office alone. 3 sevens, 4 fives, and one M3. These cars may not lose value on a percentage basis faster than a Chevy, but basic math tells us that after 2 years 35% of $90,000 is a much bigger number than 45% of $20,000.

Point is, make sure you want to move because the money spends and the taxes stay.

[/quote]

So that would suggest the true value would be in perhaps a 2 year old M5 or S55?
[/quote]

Absolutely a better way to go! Even better, buy a new BMW motorcycle and an off lease 5 series. If it's the need for speed you crave, a K1200RS will bring tears to your eyes. Literally, your eyes will tear from the speed. Off the line it makes an M5 look like a K car. Think refined GSXR. If crotch rocket isn't your bag, go with the couch rocket K1200LT. It's a Honda Goldwing without the fat butt. From the heated seats to the the six CD changer this Luxo barge will still take anything starting with M to the mat. Fun, fast ,and comfy. Not to mention 50 MPG. Either of these bikes can be had for under $20K. Match that up with a 3 year old 530I for about $25K and you've got two for the price of one.

Then again, the new Shelby? Hmmm... got rent me one of those.

[/quote]

Actually the 'rental Shelby's' are de-tuned compared to the top-end retail models you can buy from your local Ford dealer.  Still faster than the V-6 'stang, but mostly they're about being able to rent a limited edition Mustang with some cool custom graphics.  Don't know all the details but distinctly recall reading about it in R&T

[quote=joedabrkr] [quote=BondGuy][quote=joedabrkr] [quote=BondGuy]

With all the moving parts of a deal noone knows how much you're worth until you put yourself out there. If you're serious about moving, either contact a recruiter, Jeff comes to mind, or interview at several different firms. Most of the offers will be in the same ballpark. Yet, local or regional needs could put one offer well above others. Usually not a good idea to jump at the highest number. Best fit with the local BOM followed by fit with the firm are the biggest concerns.

The problems with moving, if you've never done it are:

1. The grass is never greener at the office across the street.

2. That manager you really like gets fired for sexual misconduct with a trainee. Who Knew?

3. The tax man cometh. And he keeps cometh-ing for the length of your deal. This is a problem for some if not most. Take the taxes on let's say $500k, that's easily $150k. Over five years that's $30k a year, or $2500 out of every paycheck for five years. Longer deals will lower that number, but it still a cash flow planning issue.

4. Mercedes depriciate. A time honored tradition for recently moved FAs is a trip to the car dealer. Porsches ,Escalades, BMWs, Benzes, Lotus, Jaguar, and Aston Martins adorn the parking lots of many brokerage offices. At least they do mine. I counted 8 BMWs from our office alone. 3 sevens, 4 fives, and one M3. These cars may not lose value on a percentage basis faster than a Chevy, but basic math tells us that after 2 years 35% of $90,000 is a much bigger number than 45% of $20,000.

Point is, make sure you want to move because the money spends and the taxes stay.

[/quote]

So that would suggest the true value would be in perhaps a 2 year old M5 or S55?
[/quote]

Absolutely a better way to go! Even better, buy a new BMW motorcycle and an off lease 5 series. If it's the need for speed you crave, a K1200RS will bring tears to your eyes. Literally, your eyes will tear from the speed. Off the line it makes an M5 look like a K car. Think refined GSXR. If crotch rocket isn't your bag, go with the couch rocket K1200LT. It's a Honda Goldwing without the fat butt. From the heated seats to the the six CD changer this Luxo barge will still take anything starting with M to the mat. Fun, fast ,and comfy. Not to mention 50 MPG. Either of these bikes can be had for under $20K. Match that up with a 3 year old 530I for about $25K and you've got two for the price of one.

Then again, the new Shelby? Hmmm... got rent me one of those.

[/quote]

Actually the 'rental Shelby's' are de-tuned compared to the top-end retail models you can buy from your local Ford dealer.  Still faster than the V-6 'stang, but mostly they're about being able to rent a limited edition Mustang with some cool custom graphics.  Don't know all the details but distinctly recall reading about it in R&T
[/quote]

So, the Hertz Rent-a-Shelbys are all show and no go? My brother mentioned this to me, but I missed it. Thanks joe.

Are they a least as fast a Mustang GT?

50mph winds today. Gertruda is parked and pouting.

[quote=BondGuy]

Are they a least as fast a Mustang GT?

[/quote]

Methinks they are pretty much comparable to the GT, maybe slightly stronger…I think the article was in Road and Track about 6 months ago.

A man's IQ is inversely related to his desire to read Road and Track and think about cars.

There is no dumber segment of our population than NASCAR fans.

[quote=Devil’sAdvocate]

A man's IQ is inversely related to his desire to read Road and Track and think about cars.

There is no dumber segment of our population than NASCAR fans.

[/quote]

What about bank "brokers"?

[quote=Devil’sAdvocate]

A man's IQ is inversely related to his desire to read Road and Track and think about cars.

There is no dumber segment of our population than NASCAR fans.

[/quote]

I donno about that. There's always the folks that put clothes on dogs....

[quote=joedabrkr] [quote=BondGuy]

Are they a least as fast a Mustang GT?

[/quote]

Methinks they are pretty much comparable to the GT, maybe slightly stronger.....I think the article was in Road and Track about 6 months ago.
[/quote]

The 07 GT is only a few HP short of what the Cobra's were a few years ago.

I have a love hate relationship with high performance cars. I buy them and sell them after a short while. My friends do the same.

The bikes are a different story. They get ridden. Putting 100K on a bike is not unusual for me or my peeps. One of my friends, an Admiral, took some time a few years ago to set an IBA one year mileage record. He rode 125,000 miles in one year. That's 100k better than my heaviest mileage year. Still, the bikes get used. Much easier to justify the expense.

I love riding the bike on Virginia's back roads up and around the Skyline Drive. The Drive is highly recommended for all, as is the Blue Ridge Parkway. With the bike I like to come off the drive, to get away from it's 35mph speed limit. There is a 130 mile loop I use starting in Front Royal, using about 30 miles of the SLD and then looping back to Front Royal. From there it's on to NC where we talk NASCAR with the locals until the wee hours of the morning.

Come to think of it, my friend, the one who rode 125,000 miles in one year, he's a NASCAR fan. He also is a Admiral in the Navy. And to top it off he's a MD. Riding with him, looking at him in his dirty Aerostitch riding suit, he doesn't look nearly so impressive as his resume. And then there's Vern. Vern almost broke the record. He only rode 102,000 miles in one year. That would be the year that Vern, by the way, also a NASCAR fan, retired as a professor from U of P. We told Vern that we didn't think his Harley was the best choice for this ride. Unfortunately we were right. The Harley couldn't take the pounding. The down time cost Vern big time and Doc beat him. Finally, in the closing months of the competition Vern bought a BMW R1100RT. He still has it. To be fair, the Hog already had close to 100k on the clock before Vern started the ride.

[quote=Devil’sAdvocate]

A man’s IQ is inversely related to his desire to read Road and Track and think about cars.

There is no dumber segment of our population than NASCAR fans.

[/quote]

A man's true importance in life is inversely related to his need to pontificate on internet bulletin boards and tear down others......

There is no more useless section of our industry than wirehouse middle management.  Tools of the CEO in fancy suits, nothing more.

[/quote]


There is no more useless section of our industry than wirehouse middle management.  Tools of the CEO in fancy suits, nothing more.
[/quote]

Absolutely correct. With some firms, the managers are examples of the old boys network at its worst. Clueless, comes to mind. It's really an insult to have to attend a mandatory meeting with some middle management suit and all you can think about is "How did this guy get this Job?"

They get their positions by being very good at the one they are currently doing--it's called a promotion.

Along with the promotion comes a larger paycheck, often a bigger office, more responsibility and so forth.

The best part that comes with getting promoted is the ability to deal with adult issues.  To make decisions that affect the lives of hundreds of people--even thousands if you get to be trusted enough.

It's a whole lot more interesting than sitting down with Mr and Mrs Jones once or twice a year to discuss how their funds are doing.

[quote=Devil’sAdvocate]

They get their positions by being very good at the one they are currently doing--it's called a promotion.

Along with the promotion comes a larger paycheck, often a bigger office, more responsibility and so forth.

The best part that comes with getting promoted is the ability to deal with adult issues.  To make decisions that affect the lives of hundreds of people--even thousands if you get to be trusted enough.

It's a whole lot more interesting than sitting down with Mr and Mrs Jones once or twice a year to discuss how their funds are doing.

[/quote]

DA, I don't disagree totally. I've met middle level suits who really add value. Unfortunately, the system is also full of hangers on who are worthless dead weight. They may be good at BSing themselves a nice paycheck, but that's the limit of their talent. When these guys, who couldn't sell water in a desert, start to tell us how to do it, it's an insult as well as a waste of time. That we have to, as a matter of professional courtesy, show them respect, is enough to make any self respecting self made broker throw up. When they start making self serving decisions that effect a broker's life, it's time to make a change.

[quote=BondGuy]

When they start making self serving decisions that effect a broker's life, it's time to make a change.

[/quote]

What would be an example of a "self serving decision that effect a broker's life?"

[quote=Devil’sAdvocate][quote=BondGuy]

When they start making self serving decisions that effect a broker's life, it's time to make a change.

[/quote]

What would be an example of a "self serving decision that effect a broker's life?"

[/quote]

Installing an old college buddy, former failed broker, as a branch manager. The RM was doing the guy a favor because he had lost his internal management position to a merger. This guy destroyed the office in less than a year. Then his contract was extended another year to give him time to fix the problems he had caused. After two years even his friends couldn't save him. He was fired, unforunately, not before doing a lot of damage to peoples lives.

That's one, I can go all day with these. How many more do you need to see?