Ok, so let me have it....

[Luke Duke]

I passed my Series 7 and am about to take my Series 66....so I'm a broker about to be financial advisor.

C'mon lemme feel the hate! :D

[Mr. Boston]

I just hope you advise people not to buy sh** they can't afford.

[KeithB]

I hope you line your pockets with other peoples money, light cigars with burning 100 dollar bills, send all of your client's funds to a bank in the Caymans and leave town in the dark of night to live out the rest of your days in a life of leisure, squandering the hard-earned savings of people who trusted you.

[MobBarley]

Bailout boy.

[schneefux]

I passed my Series 7 and am about to take my Series 66....so I'm a broker about to be financial advisor.

C'mon lemme feel the hate! :D

nobody´s perfect...:p

[FX]

Well, at least when the revolt happens, financial people are second in line to attorneys for eradication. At least you have that.

[KcMsterpce]

I can PROMISE you that I'm broker than you right now!

[Mr.Excitement]

One of my neighbors was talked into a weekly investment about 12 years before he retired.
He had invested nearly $12,0000.00.
After he retired he started withdrawing about $500.00 per month. He had drawn about $12,000.00 when we talked. He still had $135,000.00 and the investment agent wanted him to start taking about a grand a month. He has not and his investment is still growing, although not as fast as it was.
If you do that for people, You will feel the love.
But, if you fail them. they will name you "Bernie"

[Luke Duke]

A few things I've learned....

1. Buy and Hold

2. Buy and Hold

3. Buy and Hold

:D

Really though as far as selling people stuff they can't afford the Securities Industry is VERY regulated...however so much of all that went wrong was riding on people paying their mortgages that the deck of cards came tumbling down.

I can honestly say though that Edward Jones didn't have a hand in the giant black hole. When you own the company you are much less likely to put YOUR money at risk as opposed to a company that just kind of "is" it's own entity.

I'm going to start door knocking in about 3 weeks.

Luke

[MobBarley]

Well, the price of real estate went to some ridiculous level... so what comes up must come down.

Anyhow, bailouts are for commies, btw. The only thing more commie than a bailout boy is a lobbyist. And Halliburton, of course.

[Luke Duke]

Well, the price of real estate went to some ridiculous level... so what comes up must come down.

Anyhow, bailouts are for commies, btw. The only thing more commie than a bailout boy is a lobbyist. And Halliburton, of course.

Lobbying is as American as mom, apple pie, and Ford! Haliburton is a lot of things but communist isn't one of em! Lol. That's capitalism at it's finest.....or ran amok, take your pick.

Luke

[shredd]

Funny. When I lived in Vail, ski instructors were looked (down) upon with the same sort of disdain.
That said...if you can operate in the foul environment that is the world's economy right now, and still make people money, than you'll more than have redeemed yourself.

[Strat Rat]

I passed my Series 7 and am about to take my Series 66....so I'm a broker about to be financial advisor.

C'mon lemme feel the hate! :D

I dont know what you said little kid but it touched a brothers heart.
You Special!!

[Plain G]

I know a couple guys in your field. The best one thinks only long term and is one of the nicest guys you'd ever want to meet, seems to do pretty well.
As long as you're straight with clients i don't see a problem.
Congrats on the step forward.

[Tingly]

It is odd how capitalists feel so negatively toward capitalists who are more successful, in terms of dollars, than them.

I feel confused. I mean, it's supposed to be a free society, but we despise Wall Streeters & CEO's for what they (very intelligently) do with their "freedom."

[MobBarley]

*shrug* he said he wanted the hate, so I gave it to him. Besides, only bail out boys are commies (among the financial industries)... I didn't really say all wall streeters and CEO's.

The problem with bail out boys is that it leaves the same people in charge who screwed it up the last time (or one problem).

Note that I didn't insult, say, Northrop.. but I did insult Halliburton.

I also didn't insult, say, Warren Buffet.

[Sonofarich]

Sooo...how about some free advice?? ;)

[Luke Duke]

Sooo...how about some free advice?? ;)

Old growth wood, carbon comp resistors, and pre-Rola speakers! :D
Buy and hold, right now the entire country is on sale, so buy all you can while you can. Equities always come out smelling like a rose.....risk is the possibility of outliving your purchasing power NOT losing your principal..thus equities end up the only sane option in the long run.

The plan is more important than the specifics, and the plan is NOT to sell when things get hairy. The queston isn't what will you do IF your investments go down 30% but what will you do WHEN your investments go down 30%.

Luke

[Galactic God]

I hope you line your pockets with other peoples money, light cigars with burning 100 dollar bills, send all of your client's funds to a bank in the Caymans and leave town in the dark of night to live out the rest of your days in a life of leisure, squandering the hard-earned savings of people who trusted you.

+1! If people are dumb enough to allow themselves to be ripped off, they deserve it! Take'em for everything you can. ;) If people would do their homework, they wouldn't get ripped. If money was such a factor, they'd have done their homework.

As long as you're driving that Ferrari, it doesn't matter that they're living out of their Chevy Aveo on Ramen Noodles they're heating up on the engine block. :D

[Tingly]

...*shrug* he said he wanted the hate, so I gave it to him. Besides, only bail out boys are commies (among the financial industries)... I didn't really say all wall streeters and CEO's...

Don't get me wrong. I wasn't judging. I feel the same way, but it's a confusing situation.

[MobBarley]

I figure capitalism and communism will some day be supplanted by something else... Money's becoming more of a luxury good. Look at computers... now a days, $200-500 and you can find a great used computer that can do all kinds of stuff. Yet, my first IBM compatible was like $2000 when I was 13. Similar with microwave ovens... or a digital recording studio.

Now, when I hear of someone using a $10,000 microphone or you see some mixing deck that costs $500,000 or something, I'm thinking "What an idiot"... whereas, 15 years ago, I may have been thinking like "Wow, what's it like".

Being rich ain't like it used to be.

[Roger L.]

Sooo...how about some free advice?? ;)

I'm sure we'll get -
1. "Buy low & sell high"
2. "Always drink water up stream from the herd"
3. "Never eat yellow snow"

[Mr.Excitement]

And, It aint like you are passing the bar exam.

[Roger L.]

It is odd how capitalists feel so negatively toward capitalists who are more successful, in terms of dollars, than them.

I feel confused. I mean, it's supposed to be a free society, but we despise Wall Streeters & CEO's for what they (very intelligently) do with their "freedom."

I've never had a problem with the honest ones . . . it's the dishonest ones, when they get caught, that seem to get off scott free that bothers me. Take Madoff, steals millions and when they look at his holdings they say "You can't touch that it's his wife's", I say that's bull, how do you tell that to all the families that he ripped off. A lot of people who's money disappeared due to theft are now dumped back in the job market and you can't touch Madoff's money because it's his wife's . . . somethings wrong here.

[shredd]

I've never had a problem with the honest ones . . . it's the dishonest ones, when they get caught, that seem to get off scott free that bothers me. Take Madoff, steals millions and when they look at his holdings they say "You can't touch that it's his wife's", I say that's bull
Madoff stole BILLIONS. Lousy S/O/B.
This reminds me of the story where some guy gets pulled over in Pennsylvania; the cop searches his car and finds 220 POUNDS of cocaine. The guy is arrested, he goes to trial, and gets off - SCOT FREE - because the cop pulled him over for not having a front license plate - but PA only requires you to have a rear plate. The guy got off because of "rules of evidence" - the illegal search-and-seizure thing.
That is just exquisite BU||$HI+!!!!

[Luke Duke]

And, It aint like you are passing the bar exam.

Nah, it's only 6 hours and, unfortunately, all multiple guess so there's zero grey area. I took the LSAT about 2 years ago and that sucked soooo bad because the logic games bored me to teaaarrrsss.

I've been studying on and off for the 66 this weekend. It's more about legislation than anything and very little math compared to the 7. Then in about 3-4 weeks I've got to go take my insurance exam. I have no idea what to expect there.

Luke

[MobBarley]

Lobbying is as American as mom, apple pie, and Ford!

BTW, Apple PIe was invented in England.

[Luke Duke]

BTW, Apple PIe was invented in England.

...or by the Dutch, I'm sure both claim responsibility...but being invented somewhere and prevalent somewhere or associated with some place aren't one and the same. Cars are another really good example of something invented somewhere else but really ingrained in a country to which they were exported.

[Mr.Excitement]

Nah, it's only 6 hours and, unfortunately, all multiple guess so there's zero grey area. I took the LSAT about 2 years ago and that sucked soooo bad because the logic games bored me to teaaarrrsss.

I've been studying on and off for the 66 this weekend. It's more about legislation than anything and very little math compared to the 7. Then in about 3-4 weeks I've got to go take my insurance exam. I have no idea what to expect there.

Luke

I do not know where you are taking the INS exam, but here In Good ol Missouri, I passed it, easily.
Probably a piece of cake where you are.

[Luke Duke]

I do not know where you are taking the INS exam, but here In Good ol Missouri, I passed it, easily.
Probably a piece of cake where you are.

Thanks for the heads up. I'm in Arkansas, and will next week be in St. Louis visiting the wonderful Show-Me-State! Jones has given us a lot of info but since every state is different you're kind of on your own when it comes to getting your Insurance License. I hope it's a piece of cake but I won't hold my breath. I'll probably call up my Farm Bureau agent and rattle his cage a little bit to get some help! :P

Luke

[martinedwards]

BTW, Apple PIe was invented in England.

If I'd have said that, certain people would have been crying about my AntiAmerican sentiment.:rolleye:

ah well,

I worked in financial services for a while and its a GOOD thing.

life assurance?

when a loved one dies and all the creditors come running with their hands out, along with the undertaker, and the florist etc, whos the one guy who arrives with a cheque?

Mortgages?

we all need 'em

pensions?

yup.

I know a bunch of folks in the industry and they're all decent folks.

Good luck!

[Mr.Excitement]

[QUOTE]when a loved one dies and all the creditors come running with their hands out, along with the undertaker, and the florist etc, whos the one guy who arrives with a cheque?[/QUOTe)

During my tenure as an Insurance agent, the foremost and absolutely best time to sell life insurance was while handing the survivors a check for the policy proceeds.