How's that Jones Bank and REIT portfolio
103 RepliesJump to last post
Anyone at Jones with access to Weddle's corner (all FA's and assistants) should have a fun one for us.
Regrep: The link you provided was for the period of 6/30/2007 through 12/31/2007. During which the market had a false recovery during the last month of the year. The losses did not accelerate until after the first of the year. The question becomes whether or not Jones had their clients take the partial recovery as an opportunity to get out in the face of known risk exposure or if they stuck by their buy and hold philosophy and watched their clients values drop with the rest of the market after the first of the year? In normal markets I am not a “trader”, nor do I try to pick tops and bottoms, but when the writing is on the wall as it really has been since last year, I also don’t see any reason to sit and take the pain if you don’t have to.
I can take the pain because I have a six pack of Avery I.P.A. I love Avery I.P.A. Everything is fine as long as your sipping some Avery I.P.A. I wonder if they have some Avery I.P.A. at Bear Sterns, maybe thats why they didn’t notice that they had run out of money.
In Fact, if we are going to use Zacks, try this link:
http://www.zacks.com/help/brok_pref_help.php
10th out of 14 over the longer time frames so the frequently argued long term performance, at least in this article, just doesn’t hold water. And this list was as of the 1st quarter of 2006 so the recent volatility isn’t even calculated in.
Here is the 1st half of 2007 also 10th out of 12:
http://www.zacks.com/research/brokerage_perf_detail.php
[quote=new_indy]Here is the 1st half of 2007 also 10th out of 12:
http://www.zacks.com/research/brokerage_perf_detail.php
[/quote]
You should go out to you local liquor store and pick up some Avery I.P.A., its very tasty.
But when I do start drinking again, it will be a fine, cold, black cream ale. Just like mama used to make…
[quote=new_indy]Here is the 1st half of 2007 also 10th out of 12:
http://www.zacks.com/research/brokerage_perf_detail.php
[/quote]
I’m not seeing the 10th out of 12 here, If I sort by 7 year performance then disregard the first 4 since they have N/A for 7 year stats, then EDJ comes in 5th ahead of Credit S, Goldman Sachs, AG Ed, and the S&P 500…Not terrific but not terrible either…Also I don’t see how these stats relate to individual retirement planning if a clients portfolio consist of a mix of different investments that change overtime.
Either way I’m sippin my Youngs double chocolate stout so I won’t be stressin the storm.
[quote=regrep23]
Either way I’m sippin my Youngs double chocolate stout so I won’t be stressin the storm.
[/quote]
MMM tasty. You have to drink the stout first. The Avery I.P.A. is so hoppy it kills your taste buds, so you have to wait to try something else.
[quote=new_indy]Fine taste in beer, even if you are backing the wrong brokerage…
[/quote]
Again, I’m not stressing it. If I begin to resent EDJ as much as some do on this board I’ll just switch to another firm/career. No harm done. I’ll just be sure not to cry about it afterward
Please don’t mistake it for resentment. It is really an issue of self-righteous I told you so-ness. Oh and genuine dislike of the way they treat people when they leave-ness… with just a pinch of I hope others can avoid my mistake-ness…
Cry about it???? You have no idea the lengths that jones will go to when you leave to destroy your reputation, demonize you to your colleagues and even attempt to diminish your character amongst your own relatives. It is surreal. Crying about it, no. Just reporting to you. If you leave, be prepared.
Again, I’m not stressing it. If I begin to resent EDJ as much as some do on this board I’ll just switch to another firm/career. No harm done. I’ll just be sure not to cry about it afterward
[quote=GoneIndy02]
[/quote]
You make it sound pretty bad, What did “Jones” do? or was it some person in particular? I’m sorry they stuck it to you. Every company should leave their good employees in good taste but I hope that doesn’t reflect the company as a whole and instead just the region you were in.
Demonizing amongst colleagues was from the region.
All else came from several at the home office. Relatives that held accounts at jones were called and given statements that implied misconduct. Phone calls to my cell phone "yelling" at me about my "poor character" and questioning my being a good parent because I left jones. It's a little weird actually. Please look at other posts where I have stated the very cultic behaviour of jones. Jones behaviour is similar to the experiences of those I know that have left cultic faiths. The required isolation from industry events in the local area, another cultic behaviour. At many firms you get "we hate to see you go, if things don't work out the door is open here for you". Especially when you gross as much as I do. Others will add their experiences about leaving jones, I'm sure, to this thread. You should be a bit curious...why is jones so insecure??? Maybe it's not the best, or even an average deal for you to be there.