EDJ New/New vs. Existing
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ironhorse - what percent interest does the cash account pay?
maxstud - little fees make big clients mad
[quote=farotech]
maxstud - little fees make big clients mad
[/quote]Of course that wasn't my point, my point is that your hypothetical client with $2499 in the money market account would pay $36 in fees over a year, while waiting for a good investment, is not true.
Big clients don't have $2499 in a money market account waiting for a good investment.
Good luck.
and the account would not have a $3/month fee after the first months interest was paid, because the balance would be over $2500 at that point. Pretty basic math.
[quote=rankstocks]
Bspears,
Let me get this strait. You were barely Segment 3 when you left Jones, and you are telling me how to run my business?
EDJahovah,
You just started with Jones and you are complaining how you weren't handed any assets and that Jones sucks because you can't build a business yourself.
I hope this forum realizes these two are rookie failures. Why aren't they out prospecting instead of posting, I don't know. I sure have been enlighted by their in-depth knowledge.
[/quote] Let me tell you something else, while your mid-swallow sucking off Jones: I have built a business at Jones. Whining? I'll drop Jones like a bad habit, when I choose. Complaining about not inheriting a large business? You bet. These guys inheriting $40,000,000 + offices are going to earn a hell of a lot more than me, they are going to be able to let their wives stay at home (which Jones loves to express is ideal when all the Veteran wives speak at Regional functions), they will find it easier to fund private schools for their children, and max out 401k and Roths, 529 plans, they will likely make LP and GP sooner, their sales numbers are likely higher, and yada, yada, on and on, and on, and on.......
I just don't see why those account's aren't moved around by zip code.
My damn feet hurt,
ED
[/quote]
Of course that wasn't my point, my point is that your hypothetical client with $2499 in the money market account would pay $36 in fees over a year, while waiting for a good investment, is not true.
Big clients don't have $2499 in a money market account waiting for a good investment.
Good luck.
[/quote]
OK, so $2400. And does it matter? It's a pi$$ant fee regardless. Are you a Jones GP?
[quote=farotech]
OK, so $2400. And does it matter? It's a pi$$ant fee regardless. Are you a Jones GP?
[/quote]No I'm not a GP, but it's pretty funny that you ask. Is it because my math skills are superior to yours?
Maxdud,
It's simple. The $3.00 fee is an embarrassment. I don't have to apologize to the big clients but I have to apologize to their kids, etc.
[quote=EdJehovah]
Let me tell you something else, while your mid-swallow sucking off Jones:
[/quote]That sort of language is uncalled for.
[quote=DRAPALA]
Maxdud,
It's simple. The $3.00 fee is an embarrassment. I don't have to apologize to the big clients but I have to apologize to their kids, etc.
[/quote]
Why don't you eat the fee?
[quote=DRAPALA]
Maxdud,
It's simple. The $3.00 fee is an embarrassment. I don't have to apologize to the big clients but I have to apologize to their kids, etc.
[/quote]Your "big clients" can't meet the $2500 minimum? How big are these clients?
[quote=Bobby Hull][quote=DRAPALA]
Maxdud,
It's simple. The $3.00 fee is an embarrassment. I don't have to apologize to the big clients but I have to apologize to their kids, etc.
[/quote]
Why don't you eat the fee?
[/quote]
Good point. If they are "good" clients what's 3 bucks.
[quote=Philo Kvetch] [quote=DRAPALA] Thanks Pilo, your even cooler.[/quote]
Eveybody already knows that![/quote]
Eveybody being the Americanization of the yiddish "OyVeyBuddy!"
As in: Oy vey, Buddy already knows that! wherein Buddy, being the universal male greeting and interpreted as "all men".
Hence.. "Oy Vey (whatever that means!) all men already know that to be true."
[quote=Whomitmayconcer]
[quote=Philo Kvetch] [quote=DRAPALA]
Thanks Pilo, your even cooler.[/quote] Eveybody already knows that![/
QUOTE]
Eveybody being the Americanization of the yiddish "OyVeyBuddy!"
As in: Oy vey, Buddy already knows that! wherein Buddy, being the
universal male greeting and interpreted as “all men”.
Hence… “Oy Vey (whatever that means!) all men already know that to be
true.”
Into the Manishewitz a little early tonight are we?
Or, maybe, he's just a knucklehead that misspelled "everybody" while being pedantic about whose is what.