Yeah, but how in the world can you be credible when you’ve admitted that you do less than 200 in your 17th year?

(sigh) Ladies & gentlemen, this is exhibit one as to why Nasty/Put/KWS has no credibility here anymore.  He knows my history as he is a dedicated student of this board.  He knows that I managed institutional/trust money starting in 1989, had a stint as CFO of a publicly traded company in 1997, and went back to my first love, investments at the end of 1998 when my CFO job migrated to Memphis as a result of a merger.  I got my first retail licensing at that point and was in a bank program from roughly that point until mid-2005 when I left and went indy.

As a portfolio manager in the late 80's and early-mid 90's, I didn't really have clients.  The clients had personal trust officers that were their primary point of contact.  Even so, I managed to make some friends with this limited customer contact and had a few follow me when I went to the bank program, even though I'd been out of the trust are for well over a year and was not their primary account manager. At the bank, I took a basically dormant program and added nearly 50 million in new assets in roughly six years while I was there, much of which named the bank trustee and couldn't follow me, some of which was mis-priced by my boss and not profitable, and some of which I flat out did not want.  During my first year as an independent, I culled these from my book and took all but 6 accounts that I targeted and most of those six I still consider in play...just a bit slow to react.  I've added over six million in new assets the first year while speding a lot of time moving and servicing the accounts that followed me.

I probably could have produced twice what I did this year, but I focused on recurring revenue and was willing to take much less up front to get paid for the ongoing nature of the relationship.  Putsy/Nasty will tell you that these people will leave me because I'm screwing them.  He's a fool...and time will prove it.  These people know exactly what they are paying and far from screwing them, my velocity is less than 70bps.

The end result is that Put Nasty would have you believe that I've spent the last seventeen years developing a book of business that is just now reaching $200K in annual revenues...that's just an example of how he likes to twist the truth to suit his fancy.  Don't believe for a minute that he did not know the facts that I outlined above, and don't believe for a minute that he didn't accuse me of lying about my series seven test score.  I had to post a scanned copy of it without my personal information to once again, prove him wrong.  Feel free to search these boards...the image should still be out there.  The point is, Put Nasty long ago ruined his credibility by being caught many times spewing wildly inaccurate information as fact when even a person of modest intelligence should have known better.  Eventually the forum moderators get sick of his antics and misinformation and give him the boot.  Just like the fungus he is, he keeps coming back under new names to be a prick to anyone that has exposed him as a clueless fool in the past.  I vowed not to respond to him anymore, but in the interest of setting the record straight for anyone who isn't on to him by now, I guess I'll have to occasionally post corrections to his constant stream of misinformation.  Rest assured, I will keep any interaction with this worthless fool to a bare minimum.

Well said Indy. Well said!

OK, how is it that you think you have credibility as a 200 grand
producer after eight years–is that right, 1998 to 2006 seems like
eight years.



If you’re going to sneer about thrity five years of increasing
responsibility you should be able to explain such a mediocre
performance.



I did close to 300 grand in my third year as a transaction oriented
broker in a bear market, thirty years ago.  The way you talk I
thought you were doing at least a million.

You lie.

You never did $300,000 in your third year in 1962 or whenever you were in business.  I will never believe you.

Ever, ever.  You are a sad liar.

[quote=BankFC]

You lie.

You never did $300,000 in your third year in 1962 or whenever you were in business.  I will never believe you.

Ever, ever.  You are a sad liar.

[quote=Knows Wall St.] [quote=BankFC]

You lie.

You never did $300,000 in your third year in 1962 or whenever you were in business.  I will never believe you.

Ever, ever.  You are a sad liar.

[/quote]

I said "close to 300" it was 278 something--the year was calendar 1974, the first full year of listed options trading.
[/quote]

You were a high wire act. Your exit from production is now becoming more clear.

Just to settle a few numbers questions:  As of the end of 2005 LPL's Average payout was $150K per producer with 6481 producing reps (not including home office employees, partners program, licensed assistants, etc).  There were 2940 OSJ's.

Information was taken from the 9th Annual Independent Broker Dealer Guide.

Put, I don't owe your feeble mind any more explanation than I've already given.  I'm at least as qualified to opine as you are given your history.  You are using one metric to judge performance, bragging about your production and then have the gall to tell me I'm ripping people off...what was your velocity back then...400 bps?

...and BTW, you wouldn't have done that level of production, or anything close to it in my market, so get off your horse, fungus.

[quote=Indyone]

Put, I don’t owe your feeble mind any more
explanation than I’ve already given.  I’m at least as qualified to
opine as you are given your history.  You are using one metric to
judge performance, bragging about your production and then have the
gall to tell me I’m ripping people off…what was your velocity back then…400 bps?

...and BTW, you wouldn't have done that level of production, or anything close to it in my market, so get off your horse, fungus.

[quote=Indyone]

I’m at least as qualified to opine as you are given your history. 

You know what it is...how many more times do you have to be proven wrong?  Remember when you were all screwed up about the differences between the 65 & 66?  That's just one example of you speaking when you didn't know your ass from a hole in the ground.

[quote=Indyone]

You know what it is…how many more times do you
have to be proven wrong?  Remember when you were all screwed up
about the differences between the 65 & 66?  That’s just one
example of you speaking when you didn’t know your ass from a hole in
the ground.

mmmm…hang on…I’m going to go try and find it…you deserve more humiliation because you don’t know when to stop…

Oh good, I can hardly wait.

http://forums.registeredrep.com/forum_posts.asp?TID=2499&amp ;KW=65+66&PN=0&TPN=2

You are such a fool...did you honestly believe that I wouldn't find it?

How's that crow tasting, flood newbie?

[quote=Indyone]

http://forums.registeredrep.com/forum_posts.asp?TID=2499&amp ; ;KW=65+66&PN=0&TPN=2

You are such a fool...did you honestly believe that I wouldn't find it?

How's that crow tasting, flood newbie?

Keep reading...you're obviously more feeble-minded than I even estimated...

You remind me of the little kid who's just been pounded by the school bully, but gets up again and again, flailing at the bully only to be pounded again...and again...and again.

You should learn when to stay down.

[quote=Knows Wall St.]OK, how is it that you think you have credibility as a 200 grand producer after eight years--is that right, 1998 to 2006 seems like eight years.

If you're going to sneer about thrity five years of increasing responsibility you should be able to explain such a mediocre performance.

I did close to 300 grand in my third year as a transaction oriented broker in a bear market, thirty years ago.  The way you talk I thought you were doing at least a million.
[/quote]

Is the problem here that Indy is building his business the right way? That his take on the business is it's a marathon, not the 100 yard dash strategy you hooked onto?

I bought my last car from a burned out options trader, was that you?

Wait, couldn't be, I wasn't fleeced.

Of course, if I had been fleeced it would have been my own fault.

[quote=BondGuy]

[quote=Knows Wall St.]OK, how is it that you think
you have credibility as a 200 grand producer after eight years–is that
right, 1998 to 2006 seems like eight years.

If you’re going to
sneer about thrity five years of increasing responsibility you should
be able to explain such a mediocre performance.

I did close to
300 grand in my third year as a transaction oriented broker in a bear
market, thirty years ago.  The way you talk I thought you were
doing at least a million.
[/quote]

Is the problem here that Indy is building his business the right way? That his take on the business is it's a marathon, not the 100 yard dash strategy you hooked onto?