Sign of the times....

Message

dodgersteve182 · #1 Post by **dodgersteve182** » Thu Sep 25, 2008 10:23 am

Just listening at work to a Pledge Drive on our local Jazz radio station. During the first two hours of the Drive, the DJ announced that they had not received any phone calls!

MarleysGh0st · #2 Post by **MarleysGh0st** » Thu Sep 25, 2008 11:12 am

Is your business doing as badly as your avatar implies, dodgersteve?

You don't have your clients invested in those mortgage derivatives, I hope!

dodgersteve182 · #3 Post by **dodgersteve182** » Fri Sep 26, 2008 11:44 am

MarleysGh0st wrote:Is your business doing as badly as your avatar implies, dodgersteve?

You don't have your clients invested in those mortgage derivatives, I hope!

Yes and No. No one big has "bolted" in fact I am Plus 2 on new accounts versus cancellations. No Extra Funds and hence little or no extra $$$'s in the months when the Quarterly Retainers are not paid. So it is very tight. Been here before, I started the biz in 87 and when almost out of biz right at the start. Not taking anything for granted because now I see a lot of meat and not just the fat of the financial planning industry quitting for good.
I can always buy a tax franchise like a Jackson Hewitt if the investment world dies before me.

No actually the only "Mortgage backed securities" that we got hurt on to the tune of minus 10% this year, were those damned Mortgage Backed Calif. Muni Bonds. All of those positions are done!