Carlin Financial Group...
- Thread starter dgmodel
- Start date
So, it seems the advice is that I should not accept this offer because the /share is too high, there should be no ticket fee, the bullet charge is too much, and the 3 year non-compete with a possible loss of 25K (or whatever I may have in my acct) is crazy. So then what is the answer, get some money together? Keep looking for a better Prop. deal? Suggestions??
From what I have gathered that loss of retainer is the price you pay for training and leaving. From what I understand it is VERY UNLIKELY they will try to stop me from trading at another firm if I leave early for whatever reason, aside me totally bombing, in which case I probably won't be trading anymore anyway. Unless of course within a year or so I become a master and make all sorts of money that nobody else is making, then they will probably want to keep me. I can see that...
Segue... If you make it through the training how much money can someone expect to bring home once they start to catch on, REALISTICALLY??
THANK YOU, everybody, for the advice, and please, the more the merrier, you people are great.
From what I have gathered that loss of retainer is the price you pay for training and leaving. From what I understand it is VERY UNLIKELY they will try to stop me from trading at another firm if I leave early for whatever reason, aside me totally bombing, in which case I probably won't be trading anymore anyway. Unless of course within a year or so I become a master and make all sorts of money that nobody else is making, then they will probably want to keep me. I can see that...
Segue... If you make it through the training how much money can someone expect to bring home once they start to catch on, REALISTICALLY??
THANK YOU, everybody, for the advice, and please, the more the merrier, you people are great.
take the time and words to explain this:
a) 3yr non compete clause
b) $25,000 "at risk penalty" fee
what in good sense are they guarantee-ing to you in exchange for their self interest.
...what arrogance, these non-compete clauses
...what arrogance, and out right exposure of their true motives and objectives to rid you of your $25,000
...in exchange for what?, the priviledge to trade at their offices or through their networks; the very same opportunity that you can get from Ameritrade, Etrade, Fidelity, Vanguard, Merrilllll Lynch'm, or various other firms?
uh, is it clear at this stage?
I'd like to have those two clauses further explained
a) 3yr non compete clause
b) $25,000 "at risk penalty" fee
what in good sense are they guarantee-ing to you in exchange for their self interest.
...what arrogance, these non-compete clauses
...what arrogance, and out right exposure of their true motives and objectives to rid you of your $25,000
...in exchange for what?, the priviledge to trade at their offices or through their networks; the very same opportunity that you can get from Ameritrade, Etrade, Fidelity, Vanguard, Merrilllll Lynch'm, or various other firms?
uh, is it clear at this stage?
I'd like to have those two clauses further explained
Quote from rob1799:
So, it seems the advice is that I should not accept this offer because the /share is too high, there should be no ticket fee, the bullet charge is too much, and the 3 year non-compete with a possible loss of 25K (or whatever I may have in my acct) is crazy. So then what is the answer, get some money together? Keep looking for a better Prop. deal? Suggestions??
From what I have gathered that loss of retainer is the price you pay for training and leaving. From what I understand it is VERY UNLIKELY they will try to stop me from trading at another firm if I leave early for whatever reason, aside me totally bombing, in which case I probably won't be trading anymore anyway. Unless of course within a year or so I become a master and make all sorts of money that nobody else is making, then they will probably want to keep me. I can see that...
Segue... If you make it through the training how much money can someone expect to bring home once they start to catch on, REALISTICALLY??
THANK YOU, everybody, for the advice, and please, the more the merrier, you people are great.