Thats it....Im gonna leave my company and set up my own shop.

[Beaverscratch]

Did you get your ass kicked in Muni's? 07 was a bad year for muni bond funds. I dont get into muni's too much unless we are looking for tax adavantaged, and then I use a state double tax free muni bond fund. It was bad news last year.

 

[75th]

Did you get your ass kicked in Muni's? 07 was a bad year for muni bond funds. I dont get into muni's too much unless we are looking for tax adavantaged, and then I use a state double tax free muni bond fund. It was bad news last year.

Not really, but I used more individual bonds than funds. The funds I used were all short duration so they havent done that bad (though they havent done great).

I just figure if you have someone in the 33% tax bracket and you can almost assure them a tax equivalent yield of say 6.5% with virtually no risk then why shoot for anything more if they dont need it?

 

[p0ink]

i say invest all of your capital in powerball tickets...while they're still hot.

 

[goin on 4T]

75th wow that was quick. Good Luck even though I have been in the business and from what I can tell from communicating with you won't need it! As you know it is a relationship management business and don't risk your relationship with risking OPM!

 

[75th]

75th wow that was quick. Good Luck even though I have been in the business and from what I can tell from communicating with you won't need it! As you know it is a relationship management business and don't risk your relationship with risking OPM!

Ya well like I said Ive been thinking about it for a while, and talking with the folks who are partnering up with me we all figured nows a good a time as any.

And Im all about relationships. Except with retards.

 

[goin on 4T]

So did you walk out at 1pm old school, start meeting with clients before your old company could start dishing out your clients to thier worthless old brokers and rookies?

 

[goin on 4T]

Ya well like I said Ive been thinking about it for a while, and talking with the folks who are partnering up with me we all figured nows a good a time as any.

And Im all about relationships. Except with retards.

Hey I am no retard! Well I don't think I was?

 

[75th]

So did you walk out at 1pm old school, start meeting with clients before your old company could start dishing out your clients to thier worthless old brokers and rookies?

Nah I havent left yet. Ill start talking to the clients that I know would come with me without any convincing (believe it or not some people like me). Then I gotta start with those that I would assume need some time to think it over. Thing is I work for a large and stable firm so some of these folks may feel uneasy leaving that given the current economic climate.

Once I convince who I want to convince we have to make sure I dont get sued by my company for our non compete agreement.

 

[75th]

Hey I am no retard! Well I don't think I was?

LOL nah not you bor. Im sure youve had some clients that, no matter how much you tried, just didnt get it.

 

[Beaverscratch]

Not really, but I used more individual bonds than funds. The funds I used were all short duration so they havent done that bad (though they havent done great).

I just figure if you have someone in the 33% tax bracket and you can almost assure them a tax equivalent yield of say 6.5% with virtually no risk then why shoot for anything more if they dont need it?

Thats good advice right there.