Question for the bank kids
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[quote=snaggletooth][quote=Ferris Bueller][quote=the word]
So Ferris, you can delude yourself into whatever mindset you need to get you through the day of prospecting and cold calling. Oh, and you can borrow the maxima this weekend b/c i'll be pulling the boat to the beach in the 07 Denali.[/quote]
If you are going to lie, you might as well say something that would impress us. Anything that your 'Denali' could pull isn't a boat, it's a dinghy.
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Don't those inflatable rafts come with an air pump nowadays?
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the raft isnt the only inflatable thing this bankchild has in his life.
[quote=the word]
To bad you had such a bad deal, I don't. I work at a very small community bank, and my deal is very similar to your indy deal. I come and go when i want and only answer to the CEO of the bank. Can sell what i want and there are no prop products.
I dont care about having clients that i can call my own. I care about income.
I don't care that you may make more money giving financial advice. This is just one source of income for me. So this situation gives me time to manage my other income producing endeavors.
It is really like scrim said. To each his own. If you like your way great. My way works for me. And my choice to work in a bank in no way degrades the quality of financial advice i give.
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Wait until the CEO figures out that he can replace you for half the money and put the other half in HIS pocket.
I'll be waiting a very long time for the CEO to come to any conclusions about the work i do. They really have no clue.
Look the bank works for me. Being indy works for you. We are different people and probably want different things from life. My situation is not the typical bank situation. I can make alot of money. Granted probably not as much as an indy for the same quantity of work. But i have it "handed to me", as Ferris put it, and that is the way i like it. The fact that i have it "handed to me" has no bearing on my ability to give sound objective advice. That is really my only point. So, we can agree to disagree. Hell, you really don't have to respect me.
But never, never doubt the towing prowess of the Denali. It is a beast.
[quote=the word]
You guys just don't know how good my deal is, and your ignorance is appreciated b/c i needed a good laugh. Did i mention that 5 MM of my book is in a product that will mature in Q4. Then we will roll that 5MM into the next investment that we have lined up b/c the matured investment provided around a 9.5% year return since 02. So you know, they trust us. Q4 GDC probably gonna be about 300k. [/quote]
So you'll get SIX POINTS on those $5 million in bonds coming due?
[quote] I am taken care of. I will never be dependent on the genorosity of another. [/quote]
Well, not to nitpick, but YOU are dependent on the genorosity of another, the bank..........
As soon as they figure out you're making good money, they will either micromanage you, cut your payout, or both.
Just an early warning...........
Is that your foot in your mouth BlueStar. It must be b/c you sure as hell don't know what you are talking about. A) The money is not in bonds currently. B) What does the current investment vehicle have to do with the GDC on the new investment. You see, even if it were bonds, an it is not, I could reinvest the bond proceeds into something with a 6% GDC. Now we can clap.
And, I don't have to make one cent at the bank to have a good income. So let me laugh a little
And why are you warning me about your inability to negotiate and prove your value
Fun with emoticons.
Did i mention that 5 MM of my book is in a product that will mature in Q4. Then we will roll that 5MM into the next investment that we have lined up b/c the matured investment provided around a 9.5% year return since 02. So you know, they trust us. Q4 GDC probably gonna be about 300k.
Twisting annuities are we?
Good to know you are pre planning for yourself and not for the clients. This is exactly why I left the bank I was at.
Leather must be the special on the menu today. I see Dust Bunny has put her foot in her mouth too.
None of this money will come from annuities. So, no twisting annuities going on.
Just satified clients, who want us to keep managing their money.
NEWS FLASH......INDY does not corner the market on good advice.
[quote=the word]
Is that your foot in your mouth BlueStar. It must be b/c you sure as hell don't know what you are talking about. A) The money is not in bonds currently. B) What does the current investment vehicle have to do with the GDC on the new investment. You see, even if it were bonds, an it is not, I could reinvest the bond proceeds into something with a 6% GDC. Now we can clap.
And, I don't have to make one cent at the bank to have a good income. So let me laugh a little
And why are you warning me about your inability to negotiate and prove your value [/quote]
I'm glad I'm wearing my chest waders today, because it's getting deep in here.
So, you bring value by churning investments? I think that's been done before, Mr. Ponzi...........
[quote=the word]
Leather must be the special on the menu today. I see Dust Bunny has put her foot in her mouth too.
None of this money will come from annuities. So, no twisting annuities going on. [/quote]
Ok, UIT's that are rolling, then. You crack me up, thinking your little bank job is so "special" you can offer things we can't.........................
Why are we taking this child seriously? He’s become a boring liar. Nothing more.
So that is what it boils down to. Im a liar b/c you couldn't swing it like me at my age. Jealous old man. Keep your respect. It means nothing to me. I have lied about nothing in this thread. It is what is. And it is pretty sweet!
Bluestars, you can keep taking shots in the dark, but i am not going to tell you how manage your accounts.
retard I'm only a few years older than you, assuming that you didn't lie about that too.
I'm starting to think that you are goforbroke/parachute/flamingo/fighnancy
bobby hullofsh*t is just pushing bank reps buttons. he gets off by getting a reaction out of people.
i dont care what other reps think of bank brokers. ive been able to increase my networth significantly since moving to a bank.
so keep yapping bobby, we'll keep making $$$ and working less
I think one thing that people foget is ownership. I’m with a major company, have a 70+% payout, full benefits, a pension plan and I can sell my business. You can’t get any of this at the banks… I’m VERY happy.
Kudos to you! Seriously, great job of a book over 110MM and your only 30.
My thoughts are that you had to make significant sacrifices and "bust your ass" for that book. I choose not to. There are other things that i want my life to be about than this job. The bank allows that, while providing me with a good income.
My only point is, and has always been, the channel of work does not define the brokers ability.
[quote=Vin Diesel]
bobby hullofsh*t is just pushing bank reps buttons. he gets off by getting a reaction out of people.
i dont care what other reps think of bank brokers. ive been able to increase my networth significantly since moving to a bank.
so keep yapping bobby, we'll keep making $$$ and working less
[/quote]
That is the truth. I have SIGNIFICANTLY grown my net worth since coming to the bank. The referrals are great, the payout is on par with the wires, and my clients love me.
Keep saying negative things about bank programs...the fact is life is good on this end.
By the way, working at a bank has other monetary advantages BESIDES bank referrals...the kind that don't get counted in GDC.
[quote=BankFC]
By the way, working at a bank has other monetary advantages BESIDES bank referrals...the kind that don't get counted in GDC.
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Free checking?