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Edward Jones rep knocked on my home door today...
Posted on 6/8/15 at 4:23 pm
Posted on 6/8/15 at 4:23 pm
in suit and tie and was repping his investments and financial planning skills. He asked for my contact info..declined.. asked for his card. Wished him luck.
Ed Jones must be cracking the whip or this lad was hustling his arse off.
Is this door to door shtick common? First for me.
Ed Jones must be cracking the whip or this lad was hustling his arse off.
Is this door to door shtick common? First for me.
This post was edited on 6/8/15 at 4:31 pm
7
Posted on 6/8/15 at 4:27 pm to cuyahoga tiger
quote:
is this door to door shtick common? First for me.
Yep. I looked at working there because the model is pretty cool. Own boss, have their resources, but yes, they expect you to walk door to door for up to two years.
I don't listen to door to door sales people so I didn't think I would fit that part of their model. Personally I find it old fashioned in a sector that relies on advanced tech. Doesn't make sense.
This post was edited on 6/8/15 at 4:29 pm
Posted on 6/8/15 at 5:30 pm to SouthOfSouth
Yeah it's cool alright. shite choice of funds. High annual fees. High expense ratios. sales loads. No online trading.
Posted on 6/8/15 at 8:27 pm to Fat Bastard
Door to door? No way. Even the Girl Scouts sell cookies online now. Is the target market home bound, financially illiterate retirees or the disabled?
Posted on 6/8/15 at 8:57 pm to cuyahoga tiger
Desperate times, desperate measures.
They have to catch someone off guard to convince them their commissions and fees are justified.
They have to catch someone off guard to convince them their commissions and fees are justified.
Posted on 6/8/15 at 9:11 pm to Patrick_Bateman
The young man seemed hungry and a bit unsure. He wanted badly for me to hear about a "double tax free muni bond", but was stumbling badly.
Posted on 6/8/15 at 9:15 pm to cuyahoga tiger
I wonder if all of them have to do this door to door stuff or are some exempt? What if you are older and have work experience?
Posted on 6/8/15 at 10:51 pm to Paul Allen
Sounds like the follow the Mormom model
Posted on 6/9/15 at 7:01 am to hungryone
Have a client that is an Edward Jones rep, makes damn good money doing this and doesn't seem like they have a solid grip on the economy/equities market. I guess it's all about selling then relying on the Edward Jones research team to assist in directing investments.
Posted on 6/9/15 at 8:31 am to cuyahoga tiger
Nothing creepier than door to door salesmen...I don't care what you're selling, I ain't buying.
Posted on 6/9/15 at 8:44 am to cuyahoga tiger
I know a guy that worked there years ago. He said that door to door thing gave him good experience recognizing who has money and who doesn't.
New car, big house = waste of time
Old car, modest house = extra money to invest
New car, big house = waste of time
Old car, modest house = extra money to invest
Posted on 6/9/15 at 8:45 am to Jabstep
quote:
I guess it's all about selling then relying on the Edward Jones research team to assist in directing investments.
This is true for all of them. They are simply salesmen 99% of the time.
Posted on 6/9/15 at 9:36 am to cuyahoga tiger
When we bought our house about 2 years ago, the new rep from Gonzales knocked on our door during the day. My wife was off that day. She was 29 at the time, but she looks younger than that. He simply handed her a brochure and a business card and said "give these to your parents for me." She did not want to talk to him so she played along and closed the door.
Posted on 6/9/15 at 9:44 am to cuyahoga tiger
What a depressing thread.
Posted on 6/9/15 at 9:46 am to cuyahoga tiger
I know a rep who was a used car salesman before he got that job. He does a good job (He is somewhere else now) but was hired do to sales experience.
And yes they all go door to door.
And yes they all go door to door.
Posted on 6/9/15 at 9:50 am to Spec1
They don't all go door to door but yes that is the secret sauce the Ed jones reps are trained on. Really it's all about a game of numbers and how many people they can contact. However if you think you can reinvent the wheel and do a better job at prospecting and finding your clientele then have at it.
You can build your business however you want, they are just telling you from experience what seems to be the most efficient way of doing it.
You can build your business however you want, they are just telling you from experience what seems to be the most efficient way of doing it.
Posted on 6/9/15 at 9:53 am to hungryone
Nothing wrong with having a money market fund with them or maybe Something similar which costs nothing but for basically everything else RUN AWAY!
Seems they have lots of older clients. Most younger ones educate themselves and move on. However I do have a friend who uses them just doesn't want to make the effort to switch to vanguard and throw it in few good funds. Oh well. His loss.
Seems they have lots of older clients. Most younger ones educate themselves and move on. However I do have a friend who uses them just doesn't want to make the effort to switch to vanguard and throw it in few good funds. Oh well. His loss.
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