Spiked has some very nice numbers. I can believe that they are real. However, from my experience and from my associates and from the majority that I know in the business, it ain't that way. Cut the numbers in half or 3/4's and that is probably more realistic. I'm not saying that they are not true numbers, I'm just saying that those numbers are not the norm.

Nice going Spiked!

spike you’re full of it unless you started in 1990.

Gmoney must have turned tail and run…no new posts since he started the thread.

EZ Money I started in November of 1998.  Those were my numbers and, I would agree that I was above the average.  I was never in the red and I was always number 1 or number 2 in my region for the amount of time I was out. 

[quote=The Truth]The local guy in my area is a good friend. He was the 6th guy in the office
and is making a nice living now. He said there was no doubt in his mind
that the assets the other indivuduals gathered was huge for his own
development. 3 of the previous 5 made nice livings prior, went to Jones,
survived about 2 years and then left the industy. Since they left the industy
those assets stayed at Jones. Starting at ground zero is very difficult to do
at Jones. Obviously it can be done but make sure you do your homework on
your market. Don't expect that the clowns at Jones have done the necessary
research to justify a new office in any community.[/quote]

I knew a smart guy who went to work at Jones.  Dressed well, worked hard, drank their kool aid and bombed out.  It almost wrecked his marriage too.  He said the guys who made it cold were former insurance salesmen who had a book or connections.  Jones also pushed their favored mutual funds.

I know a guy that went to work at Jones also.  He breathed fire, chanted witchcraft, had a forked tail, two horns growing out of his head, had dark red skin, played a fiddle, took souls from the damned, killed young children, had a taste for baby puppies, and pushed preferred funds.

[quote=rankstocks]I know a guy that went to work at Jones also.  He breathed fire, chanted witchcraft, had a forked tail, two horns growing out of his head, had dark red skin, played a fiddle, took souls from the damned, killed young children, had a taste for baby puppies, and pushed preferred funds.[/quote]

There's a lot more than one of those at EDJ.

[quote=rankstocks]I know a guy that went to work at Jones also.  He breathed fire, chanted witchcraft, had a forked tail, two horns growing out of his head, had dark red skin, played a fiddle, took souls from the damned, killed young children, had a taste for baby puppies, and pushed preferred funds.[/quote]

Wasn't he forced to resign the first of this year because of some issues that hit the fan with the regulators?

First sell every thing you have . Get rid of all debt. Sell off your retirement account. If you net out around 250k to 300k you may if your lucky have enuff to last you till you start to make 150k. that is if the market turns and we go into a raging bull market. Or they give you 50 million or more in assets. which they will not any more. Sure they tell you how you will make more money than ever in 3 years. thats okay if you came from flipping burgers. Your no where near that coming from a  professional position like your in now. Maybe the other guy giving his record did that. maybe he was in a good spot. Maybe he had some rich relatives that helped out. I would gues that 98 % of who start as a new new at Jones will be lucky to see 150k in 10 years in a market like we have had for the past 7 years . The other question you have to ask yourself is, how do Ifeel about door knocking for clients. your a professional door knocking to help people with their life money. Would you deal with those people ? who cannot sell much other than 7 mutual funds. long term bonds etc. Talk to some one from Merrill or any other big firms. Jones is a joke. 2k a month training salalry after you pass the series 7 and you get to pay your own health care etc. you may have enuff to buy a coke after it`s all said and done.  If you really want to do this, and I will say I love the business . You owe it to yourself  your family and your potential clients to go to a real firm. Unless you like to go door to door talk to every person on the street and invest their 3k ira roll over they just got from working at meijers as a bagger.  As for how much you need to bring in to do 150k a year . Figure you will need to bring in approx 2 million a month at average comm. of 2% with a net pay to you of approx 32% after you take out you expenses for phone mail adv. ins. etc. How soon do you think you can do that ? GOOD LUCK !!!

evervything he said is true. don’t do it!

[quote=FREE AT LAST]

First sell every thing you have . Get rid of all debt. Sell off your retirement account. If you net out around 250k to 300k you may if your lucky have enuff to last you till you start to make 150k. that is if the market turns and we go into a raging bull market. Or they give you 50 million or more in assets. which they will not any more. Sure they tell you how you will make more money than ever in 3 years. thats okay if you came from flipping burgers. Your no where near that coming from a  professional position like your in now. Maybe the other guy giving his record did that. maybe he was in a good spot. Maybe he had some rich relatives that helped out. I would gues that 98 % of who start as a new new at Jones will be lucky to see 150k in 10 years in a market like we have had for the past 7 years . The other question you have to ask yourself is, how do Ifeel about door knocking for clients. your a professional door knocking to help people with their life money. Would you deal with those people ? who cannot sell much other than 7 mutual funds. long term bonds etc. Talk to some one from Merrill or any other big firms. Jones is a joke. 2k a month training salalry after you pass the series 7 and you get to pay your own health care etc. you may have enuff to buy a coke after it`s all said and done.  If you really want to do this, and I will say I love the business . You owe it to yourself  your family and your potential clients to go to a real firm. Unless you like to go door to door talk to every person on the street and invest their 3k ira roll over they just got from working at meijers as a bagger.  As for how much you need to bring in to do 150k a year . Figure you will need to bring in approx 2 million a month at average comm. of 2% with a net pay to you of approx 32% after you take out you expenses for phone mail adv. ins. etc. How soon do you think you can do that ? GOOD LUCK !!!

I made a move this morning…