[quote=opie]Without appreciation, Bob still thinks they are comparable.  However, Bob is now wondering, if he were to rent and invest the appreciation in his current place ($150-200k) towards his AUM as a new FA.  He doesn't know if that is a smart or dumb notion.  He'd rather put it in a house, even in a flat market, he thinks.[/quote]

Bob should talk to Opie because Opie weighs every decision very carefully--and whatever Opie suggests Bob should do.

[quote=opie]Without appreciation, Bob still thinks they are comparable.  However, Bob is now wondering, if he were to rent and invest the appreciation in his current place ($150-200k) towards his AUM as a new FA.  He doesn’t know if that is a smart or dumb notion.  He’d rather put it in a house, even in a flat market, he thinks.[/quote]

Interesting angle by Bob there!!!

If he were going to do it he should invest the money very carefully.  I would think in most any firm it would count towards AUM.  It’s a drop in the bucket towards the totals most firms require, but hey evyer little bit helps!

Good luck Bob, er, Opie!
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[quote=NASD Newbie]

[quote=joedabrkr]

 Bob should seriously consider signing a one or two year lease on a nice but modest rental, preferably an apartment or condo.  That way Bob will have less financial pressure and fewer household chores to distract him from the very demanding job of getting started in the wirehouse world.  This will increase his chances of success.  Perhaps Bob will also have some cash reserves from the sale of his prior home, which is also a good thing for the first few years in the business.

Then, if Bob succeeds, he will ultimately be able to buy a much bigger and nicer house a year or two down the road.
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I am sorry to have been gone--I know many of you missed me.  My brother called on Wednesday and offered me a ticket to the Senior British Open if I could meet him in London on Friday morning.

So I did.

But now I'm back and would like to point out that Joe did not follow his own advice.  It's odd that the thinks Opie's "friend" Bob should lease a condo instead of buying a home that shares its backyard with the country club fairway--and also join the club.

[/quote]

Wow.  First you admit that you couldn't get a job without your father, and now you tell us that your brother had to get you tickets to a second tier sporting event.

You're pathetic, Putsy.