Thursday

Thursday was a cool day., so I'm working/waiting on a pending trade for that one school teacher I told you about., and this last Thursday I sat down with an existing client my mom already has with term life ins. She called wanting some info on savings/investing for emergencies, retirement, etc. So I gave her some basic fundamental suggestions. She started putting away $50 on a monthly basis into a money market/ emergency acct and put $1000 into an individual short term savings., retirement acct coming soon ,maybe a year or two with 50 a month as well.  As far as commissions, its very little, no commission on money market because there is no sales charges. Monthly trades on equity funds/ retirement and short term savings have a one time 4-5% sales charge. Out of the sales charge , my commission rate is about 37% of that. As far as commission, Their is also a small 12-b1 fee that I receive on a monthly basis, which increases the more assets under management I have. My goal this year is to have a total of 500k-750k in aum, right now I have about 125k in aum. Very little but its a good start compared to the expectations that most people have especially from the office where I originated.