On Wed, 26 Jul 2006 12:11:40 GMT, "JoeSpareBedroom"
wrote:

"Jack Goff" wrote in message
.. .
On Wed, 26 Jul 2006 04:15:01 GMT, "JoeSpareBedroom"

I worked for PaineWebber. About 200 clients shared their decisions with me
for a number of years, beginning on October 19th, 1987, which was a very
interesting day to start in that business. I left because 95% of my
customers made financial decisions with their emotions, which does not
work,
ever. However, I had a few who could see clearly. I ran into one a few
months ago who thanked me profusely for telling him to buy Cisco in
November
of 1987, and call-protected NY AAA insured munis yielding around 8%.

Thanks for asking.


Thanks for answering. It provides insight on your point of view.

I doubt that very much.


Why? Did you lie about your work experience?



Overall, how many clients sat down and told you not only what, but why
to sell, compared to the others that simply told you what to do with
their investments without reasons?

I can't give you numbers, and you don't need them to test the validity of
this idea. But the "without reason" type never became my clients. I am
unable to work with people who operate that way.

Weird. After all, it's their money and investments, and you would get
a cut whether or not it was your pick.


Interesting that one of the people who you thought "could see
clearly", simply listened to you. Did you have any who could see
clearly that didn't follow your advice?

Of course! There are always clients who understand, but do not act on what
they learn, sometimes for reasons as simple as "I can't get the cash out of
CDs for another 4 months".


You missed the point. Did you have anyone that didn't take your
advice, but were smart, and made their own picks successfully? It
sound like you didn't, because you were "unable to work with people
who operate that way".