Time to panic?
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at one point does the rep begin to panic?
The worst part about this situation is that we KNOW it will eventually come back, we just don’t know WHEN, and how long we can hold on financially. Right now, not only is nobody doing anything, but in most cases, that’s probably the right thing to do (unless you have cash on the sidelines). But most people I know have all their money invested. Even in their 401K’s, people don’t want to toiuch it for fear that it will somehow lose more by “fixing it”.
I looked at our updated performance charts today. My region is getting killed. Most people are above standards, but if you look at the veterans over 10 years, the numbers are staggering how far off some people are. It's strange, though, the newbs seem to be doing OK (not great).You mean you guys aren’t already panicking? Crap, where did I go wrong? I’ve been in panic mode for a while now.
[quote=B24]The worst part about this situation is that we KNOW it will eventually come back, we just don’t know WHEN, and how long we can hold on financially. Right now, not only is nobody doing anything, but in most cases, that’s probably the right thing to do (unless you have cash on the sidelines). But most people I know have all their money invested. Even in their 401K’s, people don’t want to toiuch it for fear that it will somehow lose more by “fixing it”.
I looked at our updated performance charts today. My region is getting killed. Most people are above standards, but if you look at the veterans over 10 years, the numbers are staggering how far off some people are. It's strange, though, the newbs seem to be doing OK (not great).[/quote] Do we 'KNOW' that B24? How do we 'KNOW' that?government should have just given each household $8000 instead of this government spending stimulus plan
Do Not Panic. that is counter productive and accomplishes nothing. let clients & prospects panic, and use that as an opportunity to rebalance their holdings(if needed), provide advice, and generate revenue.
I know this sucks, but gotta keep grinding.[quote=JayMc] you shd have taken a check
maybe too late now
survivial[/quote]
My wife asked me a week or two ago if that offer from Morgan Stanley was still available. I believe our conversation about her spending has made her panic.
That seems to be a somewhat common theme, Hulk. Speaking with clients (retirees by and large) who seem to believe that they're insulated from the trials and tribulations of the working class, I've had a deuce of a time convincing them that although they can't 'lose' their jobs, some savings and alteration of extravagant lifestyle is in order. Pointing to proposed Medicare cuts and proposed tax increases and new taxes seems to be the only way to awaken them from their lethargy. Scary stuff.[quote=JayMc] you shd have taken a check
maybe too late now
survivial[/quote]
My wife asked me a week or two ago if that offer from Morgan Stanley was still available. I believe our conversation about her spending has made her panic.
Panic about what?
Notorius BIG and Tupac were alive last time market was at these levels
Tupac? where did that come from.
are us a bro? not many in our biz
they dont know who we be…