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Started By
Message
re: Why does anyone want to work for Edward Jones, Northwestern Mutual, etc?
Posted on 9/14/18 at 9:19 pm to slackster
Posted on 9/14/18 at 9:19 pm to slackster
quote:
My point was that you aren't going to go anywhere at a retail firm like EJ calling all of your broke 25 year old friends to open a Roth IRA.
That awkward attempt to "catch up" is much more in the wheelhouse of NW Mutual.
You're saying people at EJ don't call and ask to catch up? If so, that's way wrong
1
Posted on 9/14/18 at 9:26 pm to Mingo Was His NameO
quote:
You're saying people at EJ don't call and ask to catch up? If so, that's way wrong
In the context of this thread, building your book by calling recent college grads to sell them something is far more an insurance thing than it is a retail investment thing.
Granted, NW Mutual offers investments and retail investment firms offer insurance, but you know what I mean.
I'm not knocking NW Mutual (insurance) or EJ (investments), just pointing out the difference in my experience.
Posted on 9/14/18 at 9:27 pm to slackster
quote:
In the context of this thread, building your book by calling recent college grads to sell them something is far more an insurance thing than it is a retail investment thing.
The recent college grads that work at EJ definitely blow up their college friends.
Posted on 9/14/18 at 9:30 pm to Man4others
quote:
Edward Jones offices are located in strip malls, they have a lower payout grid and their products on their platform are terrible. Merrill Lynch has offices in top locations, have higher payout ratios and you have access to top products.
They have completely different business models. I'm pretty sure both companies understand that very well.
You can make a might fine living one $500k 401k rollover at a time with retail firms.
Posted on 9/14/18 at 9:31 pm to Mingo Was His NameO
quote:
The recent college grads that work at EJ definitely blow up their college friends.
Sound like a shitty strategy.
Posted on 9/14/18 at 9:32 pm to slackster
quote:
Sound like a shitty strategy
I agree.
Posted on 9/14/18 at 9:34 pm to Mingo Was His NameO
I've had a couple buddies work at different places. The two at EJ had to door knock. They're not trained to prospect 25 y/o people to my knowledge.
Posted on 9/14/18 at 9:38 pm to Emteein
quote:
My bro works for EJ makes close to $200K
Is that the price of his dignity?
Posted on 9/14/18 at 9:40 pm to Mingo Was His NameO
quote:
some metal fab shop think you know about finance when in reality you don't know shite. I know and work with these people every day.
Metal fab guys probably make more than you.
Posted on 9/14/18 at 9:41 pm to hottub
quote:
Metal fab guys probably make more than you.
Doubt it.
Posted on 9/14/18 at 9:43 pm to slackster
You are better off working at Enterprise Rent a car out of college vs EJ
Posted on 9/14/18 at 9:43 pm to Mingo Was His NameO
quote:
Doubt it.
Well how much do you make?
It’ll be easy to find the average metal fab salary
Posted on 9/14/18 at 9:46 pm to Man4others
quote:
You are better off working at Enterprise Rent a car out of college vs EJ
Actually a very underrated option. Turnover is crazy high at Enterprise so you can move up quickly.
As for EJ, what did they do to upset you so much?
Posted on 9/14/18 at 9:47 pm to LSUgolf04
Inflation must be out of control because my insurance guy calls every 6 months to tell me I need more.
This is honestly one of the easiest jobs to automate. When I took out my own spreadsheets showing how much I need, the rehearsed pitch stopped pretty quick. I bought what I need to cover house, kids, college, etc. I don’t need so much that my widow and her new husband can live out their lives in Tahiti.
I’ve looked into EJ for financial management and the fees were ridiculous. I think it was 1%/yr for everything under management and they want you in their products. I’m a low fee passed be investing guy and have done just fine.
This is honestly one of the easiest jobs to automate. When I took out my own spreadsheets showing how much I need, the rehearsed pitch stopped pretty quick. I bought what I need to cover house, kids, college, etc. I don’t need so much that my widow and her new husband can live out their lives in Tahiti.
I’ve looked into EJ for financial management and the fees were ridiculous. I think it was 1%/yr for everything under management and they want you in their products. I’m a low fee passed be investing guy and have done just fine.
Posted on 9/14/18 at 9:47 pm to slackster
quote:
As for EJ, what did they do to upset you so much?
Offer shitty investments with high fees?
Posted on 9/14/18 at 9:48 pm to Mingo Was His NameO
quote:
Because you retards that live in Livingston Parish working for some metal fab shop think you know about finance when in reality you don't know shite. I know and work with these people every day.
This kid is hilarious
Posted on 9/14/18 at 9:49 pm to tgrbaitn08
quote:
tgrbaitn08
I seem to really touch a nerve with you. Do I describe your life to a t and make you feel insecure?
Posted on 9/14/18 at 9:51 pm to Mingo Was His NameO
quote:
than technical labor
That’s a broad term. Wouldn’t a neurosurgeon be consider “technical labor”?
Posted on 9/14/18 at 9:53 pm to hottub
quote:
That’s a broad term. Wouldn’t a neurosurgeon be consider “technical labor”?
You know what I meant and that would be an advanced degree. Fabricating metal is more skilled labor than unskilled, that's why I referred to it as that.
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