anybody ever worked for a brokerage?

[An ashy lil fap hand]

I got an offer to check one out. Dude said no experience was necessary. I know nothing about them. Can I get a rundown of what to expect or suspect?

 

[It is a mystery]

A brokerage of what? That could make a huge difference

 

[Menelik II]

I got an offer to check one out. Dude said no experience was necessary. I know nothing about them. Can I get a rundown of what to expect or suspect?

it really depends on the product.

first off, a lot of these places are scam joints, or they are whats called 'boiler rooms', where you cold call people up all day to try and finesse them to trade or buy whatever.

A good brokerage is a totally different thing entirely, say if you're a equity, bond or oil broker. What you will have to do is match 2 banks who want to trade together. e.g. Bank A wants to buy at price X, you gave to go and find another bank who is willing to sell at that price.

The fact that they said, "no experience necessary" i would be very weary. Did they give you a proper interview?

 

[An ashy lil fap hand]

Met another rep that sounds like a boile room. I'm cautious but I think I'm gonna call. Just to see.

 

[An ashy lil fap hand]

Update: So apparently it's life insurance primarily. This is from the shyt that I googled. The place is called Prymerica. I got an interview tomorrow but it seems weird because this dude just keeps talking about financial freedom and what not. In my experience so far, this always come down to MLM. I think I'm going to cancel but there's still a part of me that wants to check it out.

 

[Menelik II]

Update: So apparently it's life insurance primarily. This is from the shyt that I googled. The place is called Prymerica. I got an interview tomorrow but it seems weird because this dude just keeps talking about financial freedom and what not. In my experience so far, this always come down to MLM. I think I'm going to cancel but there's still a part of me that wants to check it out.

i dont know of life insurance companies that are brokers, although they may have different terminology in that particular field.

i googled them and they are pretty much MLM from what i can see.

They have also been fined by the SEC a while ago, and Citi sold them off in 2010

"To become a Primerica representative, you have to pay an IBA fee of $103.95 that includes sales taxes and you’re also encouraged to pay $28 per month for Primerica online.

Once you’re ‘hired,’ you are told to write a list of your ‘warm market’ that consists of your friends and family so you can immediately start recruiting them which can then duplicate the process. Representatives put a strong emphasis on this as opposed to finding their own customers."

I would not even bother with this. The problem with MLM is you are not a employee you are a 'customer' that has been duped. To make your first sales you have you DUPE the people most close to you, your friends and family. This never ends well as they will resent this later on.

"In 2012, $509,227,049 was paid to its sales force, an average of $5,513 per life licensed representative." from their company information.

Is Primerica A Scam?- The Truth Revealed | Jennifer's Passion for Internet Marketing
Is Primerica a Scam? - Surviving After College

DONT BOTHER WASTING YOUR TIME BROTHER, dont go to an 'interview', because it isn't that, its a sales pitch.

Good Luck

 

[An ashy lil fap hand]

i dont know of life insurance companies that are brokers, although they may have different terminology in that particular field.

i googled them and they are pretty much MLM from what i can see.

They have also been fined by the SEC a while ago, and Citi sold them off in 2010

"To become a Primerica representative, you have to pay an IBA fee of $103.95 that includes sales taxes and you’re also encouraged to pay $28 per month for Primerica online.

Once you’re ‘hired,’ you are told to write a list of your ‘warm market’ that consists of your friends and family so you can immediately start recruiting them which can then duplicate the process. Representatives put a strong emphasis on this as opposed to finding their own customers."

I would not even bother with this. The problem with MLM is you are not a employee you are a 'customer' that has been duped. To make your first sales you have you DUPE the people most close to you, your friends and family. This never ends well as they will resent this later on.

"In 2012, $509,227,049 was paid to its sales force, an average of $5,513 per life licensed representative." from their company information.

Is Primerica A Scam?- The Truth Revealed | Jennifer's Passion for Internet Marketing
Is Primerica a Scam? - Surviving After College

DONT BOTHER WASTING YOUR TIME BROTHER, dont go to an 'interview', because it isn't that, its a sales pitch.

Good Luck

I didn't see the part about the fine. Yeah, I think I'll pass on that. If it was just some BS, I'd do it since I'm scrambling to make capital any which way ATM (grinding, not emergency). It's also only about 2 miles from my house so it wouldn't be too stressful. But if I actually have to pay into this, then I won't bother.

 

[Menelik II]

I didn't see the part about the fine. Yeah, I think I'll pass on that. If it was just some BS, I'd do it since I'm scrambling to make capital any which way ATM (grinding, not emergency). It's also only about 2 miles from my house so it wouldn't be too stressful. But if I actually have to pay into this, then I won't bother.

yeah i mean the gov should ban all MLMs, theyre pretty destructive and prey on the low earners.

 

[An ashy lil fap hand]

yeah i mean the gov should ban all MLMs, theyre pretty destructive and prey on the low earners.

I think that precedent could be dangerous. I just say scammers gonna scam. I'm considering doing an undercover video for my website but I also have better things to do.

 

[UpAndComing]

Update: So apparently it's life insurance primarily. This is from the shyt that I googled. The place is called Prymerica. I got an interview tomorrow but it seems weird because this dude just keeps talking about financial freedom and what not. In my experience so far, this always come down to MLM. I think I'm going to cancel but there's still a part of me that wants to check it out.

 

[Menelik II]

I think that precedent could be dangerous. I just say scammers gonna scam. I'm considering doing an undercover video for my website but I also have better things to do.

did you see them in the end?

 

[The Bilingual Gringo]

Update: So apparently it's life insurance primarily. This is from the shyt that I googled. The place is called Prymerica. I got an interview tomorrow but it seems weird because this dude just keeps talking about financial freedom and what not. In my experience so far, this always come down to MLM. I think I'm going to cancel but there's still a part of me that wants to check it out.

That's all they do, and prey on people that don't know any better. I actually work in the insurance field, which is lucrative when done properly, but even the policies that they push on people are shyt.

 

[An ashy lil fap hand]

did you see them in the end?

Nah, but now they're calling me from different numbers, leaving messages about flexible hours

 

[Menelik II]

Nah, but now they're calling me from different numbers, leaving messages about flexible hours

these scammers, they looking for that joiner fee, and monthly income.

:nassalute1: they didn't finesse you.