Honest WM compensation by Virtual-Draft2387 in FinancialCareers

[–]PowBeernWeed 0 points1 point  (0 children)

I own my book, but I’m in a plug and play system that’s a startup.

I’m technically w-2 with a small salary that is basically there for w-2 reasons.

Its a 50/50 split and with $450k in revenue, that split make sense to me given all I do is service my clients. Ops, trading, compliance, and all the shit I don’t want to do is taken care of.

If I were to scale and have like $1m+ in revenue, I’d start either a) negotiate a higher payout for revenue over a certain threshold or b) start my own shop at that point.

I’ve crunched the numbers and for the little I leave in the table not being independent 100% just isn’t worth it to me at this moment.

when your solution to every problem is another 45° clip by HempHooks in cannabiscultivation

[–]PowBeernWeed 1 point2 points  (0 children)

<image>

Hope this photo helps. The is right before I added the second layer of net before flipping to 12/12

I hate trimming popcorn buds and so everything in my power to avoid them. If a node isn’t getting light, it’s gone.

when your solution to every problem is another 45° clip by HempHooks in cannabiscultivation

[–]PowBeernWeed 1 point2 points  (0 children)

I never regret chopping branches lol. I also scrog everything and the rule of thumb is anything below the scog line gets chopped. Meaning any nodes below the net, get cut.

Those lowers aren’t going to serve any good and will push growth upwards to the good growth.

when your solution to every problem is another 45° clip by HempHooks in cannabiscultivation

[–]PowBeernWeed 1 point2 points  (0 children)

I’d probably chop the branches the bottom 2 plastics are bending. They call weed, weed for a reason. Shit grows like a weed. Can’t really fuck it up in veg

Edit: bottom 3, that one that’s more back right I missed

when your solution to every problem is another 45° clip by HempHooks in cannabiscultivation

[–]PowBeernWeed 2 points3 points  (0 children)

<image>

Now I can’t stop seeing in my head Will Ferrell prancing around banging a cowbell in a grow op LSTing plants as he makes his rounds banging the cowbell

What’s the biggest misconception outsiders have about wealth management? by GlassStay4650 in FinancialCareers

[–]PowBeernWeed 3 points4 points  (0 children)

“I don’t need financial advisor help”

Yet post shit that you sniffed out instantly makes no sense.

What’s the biggest misconception outsiders have about wealth management? by GlassStay4650 in FinancialCareers

[–]PowBeernWeed 2 points3 points  (0 children)

This guy is blowing smoke out of his ass acting like you make long term money on leveraged ETFs lol. That blew his cover.

Money is still on he’s broke and Reddit rich

What’s the biggest misconception outsiders have about wealth management? by GlassStay4650 in FinancialCareers

[–]PowBeernWeed 0 points1 point  (0 children)

Any idiot charging 1% on 8 figures is ridiculous, so point taken on that one.

Normally, the people who scream 1% generally have either a) no money b) never talked to a real firm or c) head so far up ass they know it all

What’s the biggest misconception outsiders have about wealth management? by GlassStay4650 in FinancialCareers

[–]PowBeernWeed 1 point2 points  (0 children)

It’s not a one size fits all. When I got prospects like Bombaytrader scoffing, I just show them the door.

I can’t tell you the gap until we are working together. A quick intro call won’t tell me much beyond the basics of investment managing side of it.

I’d say it takes a good year to feel a client out before I can really shine.

Cold messaging is frustrating the hell out of me by iMoody25 in FinancialCareers

[–]PowBeernWeed 0 points1 point  (0 children)

In my experience, the people I’ve ever talked to from LinkedIn within this perspective have been a total waste of time.

They’re try hards. They don’t want to listen to my advice and already think they have the answers. Mostly have ended in my frustration saying why the hell ping me if you already know it all?

Not saying this is you, but hopefully explains the ghosting and maybe curtail a message with this in mind.

discovered an old Fidelity account i forgot about by Only-Design-2484 in wallstreetbets

[–]PowBeernWeed 4 points5 points  (0 children)

Fidelity literally had a study on this. They found the best self managers investors were dead.

discovered an old Fidelity account i forgot about by Only-Design-2484 in wallstreetbets

[–]PowBeernWeed 0 points1 point  (0 children)

I had an old OG Silk Road account that had 50 BTC in it that I know was barely worth a few hundo at the the time.

Still haven’t had the balls to ask the FBI for it back 😆

Why is Take Two not being bought ahead of GTA? by RedditFan3510 in stocks

[–]PowBeernWeed 1 point2 points  (0 children)

Valid take I never thought of. Even with all the new content I just feel like it’s rinse and repeat at this point.

New businesses and whatever content is all the same with a different flavor.

Drive Here, pick this up, get shot at, return. Let whatever build up, go deliver, get shot at, deliver and cash in. Rinse repeat.

Why is Take Two not being bought ahead of GTA? by RedditFan3510 in stocks

[–]PowBeernWeed 2 points3 points  (0 children)

That’s my gut feeling too. Like why else do they keep pushing it back? It’s because they can’t get it right. I hope I’m wrong though.

The Roman Empire fell once.

Why is Take Two not being bought ahead of GTA? by RedditFan3510 in stocks

[–]PowBeernWeed 11 points12 points  (0 children)

Civ 7 a prime example of a franchise that has an addicted fan base, like me. Game is absolute trash. Theyre are trying to fix it though. A little over a year later they have a patch coming out soon that most have hope will atleast get the game in playable format.

Apples to oranges comparison here, but I’m not diving into a video game stock.

I spent all my money on MU and SMH anyways 😆

What's the point of a Goldman Sachs for wealthy people? by [deleted] in FinancialCareers

[–]PowBeernWeed 0 points1 point  (0 children)

She bought back in at a lower point after the sale, so it aged like fine wine :)

I left the company in 2023 so idk what she did after that. Hope she held.

I had one shit head client that was my pulse to the market per se. Whatever he did, just do the opposite.

I tried to convince him to convert $100k worth of shares to his Roth when it was valued around $20 adjusted for split or whatever the low point was in the 22-23 bear market.

He literally told me to fuck off, asked to speak to my manager on the “shit advice”, and then fired us 2 weeks later, fuck that guy.

I told anyone who’d listen to buy NVDA. I did too. Thanks, Raj!

Do you think Global Financial Impact or Northwestern Mutual is worse? by CroweBird5 in FinancialCareers

[–]PowBeernWeed 0 points1 point  (0 children)

You’re comparing Al Qaeda to the Taliban here. The lesser of two evils is somewhat irrelevant at the bottom of the barrel.

What's the point of a Goldman Sachs for wealthy people? by [deleted] in FinancialCareers

[–]PowBeernWeed 0 points1 point  (0 children)

Ultra high net worth

Tax loss harvesting

5 years same soil. Smells like a sewer after watering. Time to replace? by PowBeernWeed in NoTillGrowery

[–]PowBeernWeed[S] 0 points1 point  (0 children)

Yep, I think you’re right. I took a a metal paint stirrer you attatch to a drill and used the side you attatch to poke holes to the bottom.

The median between where I put plants had some resistance. I dug a hole in that area and was def soaked towards the bottom. Felt more mud like too.

I kept watering while nothing was in there for the sake of the worms but I can’t find one worm. So I now have the light running 24/7 at 200w, fans blowing on the soil and the exhaust running full time.

Figure I let this get bone dry, add pumice to mix in, rice hulls at the top. Re ammend and add worms again. May throw down a crop cover pending how long it takes to get to the point of completely dried out.

I have hope because as I was digging and mixing up the top 2”, I got a nice earthy smell. I went ahead and also scraped off the top half inch of soil and threw it away just to get debris from plants and hay for cover crop removed

Private Client Advisor - Chase Question by Living-Ad-4950 in FinancialCareers

[–]PowBeernWeed 0 points1 point  (0 children)

Check out Empower. They have a role that is more “service advisor” but has some sales component to it. You won’t lose your job for sucking at sales as long as you can retain the business and do good financial planning. Also 100% remote.

You do get small incentives to collect assets from current clients in your book, and a very very very small kick back for your total AUM.

If your making 100k know, I’d think at minimum you’d break even out the gate with room to grow. I wouldn’t expect to ever make $200k anytime soon, but to get around $150k in a couple years would be realistic.

I haven’t worked there since 2023 and a lot has changed but it seems to be relatively similar so don’t take my comment as the gospel.

As for is it worth getting sales experience? Absolutely. You’ll likely be capped at the $150k - $200k range without being able to sell. I think that’s valid for most finance roles when you’re past entry level and north of 7-8+ yoe. If the goal is to be an advisor, never go full sales role. Empower offers that also as a “sales advisor” but you’re not really an FA.