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Thread: $hitty Day

  1. #1
    Igifuno's Avatar
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    $hitty Day

    Found out I might lose my job today... not cool. I'm great at my job, in fact I was Investment Mgr of the Year in 2009, but the client that owns all the stuff I manage is pulling his entire portfolio becuase my company keeps screwing up in another region (not my fault). Sucks because I love this job, I have tons of independence and travel 30% of the time and get to work from home pretty much the rest. Hard to find a gig like that.. Pretty pissed.

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    gettingthere's Avatar
    gettingthere is offline Senior Member
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    Sorry to hear that man!!! hope ul bounce back soon

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    Igifuno's Avatar
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    Thanks dude.. I don't even know if it'll actually happen yet but its stressful to think about the possibility ya know?

  4. #4
    stevey_6t9's Avatar
    stevey_6t9 is offline RIP Aziz "Zyzz" Sergeyevich Shavershian - Veni Vidi Vici
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    if your worried you may lose your job anytime soon, start cutting back on expenses and start looking for a new available jobs elsewhere pronto!

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    Igifuno's Avatar
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    Updating the resume now actually.

  6. #6
    NVR2BIG1 is offline Banned
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    1 client is pulling his portfolio and they may fire you? Dude, WTF, seems to me people would do that sort of thing left and right, after all it is THEIR MONEY, but damn thats ridiculous, over 1 ****ing client?

  7. #7
    Eddie_m63's Avatar
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    Quote Originally Posted by NVR2BIG1 View Post
    1 client is pulling his portfolio and they may fire you? Dude, WTF, seems to me people would do that sort of thing left and right, after all it is THEIR MONEY, but damn thats ridiculous, over 1 ****ing client?
    I am sure he is/was a very good client, as i am sure he is not the only one in the list.

  8. #8
    Bertuzzi's Avatar
    Bertuzzi is offline AR's Common Sense Ninja
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    This sucks man, sorry to hear about your luck.... Sounds like a real good gig, even better than mine. If you wanna move to Canada I'll hook you up with a job. It's not in Investing but it is in Finance and we got it pretty sweet to.... generally we sit around in jeans and t's all day farting burping and swearing. Oh, and drinking Starbucks

    The money is nice too.... let me know Oh and you need to get Canadian citizenship.

    Hope I made you smile at least a little

  9. #9
    StangLaw's Avatar
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    If your that good and you have that good a client, freaking quit and start your own company! Seriously!

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    Bertuzzi's Avatar
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    Quote Originally Posted by StangLaw View Post
    If your that good and you have that good a client, freaking quit and start your own company! Seriously!
    You have a good heart, but it's not that easy. Take it from me, I run my own company and starting a second one up now that is much lager then mine right now. Starting a company especially in the financial services industry is no walk in the park not to mention the millions you need to get started.

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    Vettester is offline Banned
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    I'm in a similar gig as a sales executive (different industry) where travel & freedom are just a few of the perks. I know it must be stressful right now, as I would also be distressed as well knowing the plug may soon get pulled.

    However, I'm sure you got your award last year for a lot of reasons, including being one step ahead of the other guy. With that said, take that same energy and put it towards finding the solution ...

    1) Is this a definite done deal with the client, or could someone (like yourself) possibly get creative and salvage this deal? If you can salvage it, you're gold (you know that). Unless they've signed a contract it's not over til it's over.

    2) Can you be part of the solution for this client with a competitor? You could bring the insight and experience on how to manage this client properly, and possibly your past performance and reputation will give you a strong reference.

    3) Like mentioned by StangLaw, look at the variables on how you can bring the solution right to your own doorstep by starting your own company. Model your business on the strengths that have made you successful, and capitalize on the weaknesses that are causing the failures like at this current employer.

    Many ways to look at it, just grab that same confidence that's built your program to #1 in the past.

  12. #12
    auslifta's Avatar
    auslifta is offline Retired MONITOR
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    Find out who is managing his portfolio now, contact them, get yourself in there, they will appreciate the drive.

  13. #13
    bjpennnn's Avatar
    bjpennnn is offline American Psycho
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    sorry to hear that man hope everything works out for you

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    Igifuno's Avatar
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    Quote Originally Posted by NVR2BIG1 View Post
    1 client is pulling his portfolio and they may fire you? Dude, WTF, seems to me people would do that sort of thing left and right, after all it is THEIR MONEY, but damn thats ridiculous, over 1 ****ing client?
    Sucks how that works, huh? Thing is, I manage 6 investments for my company, and 5 of them are with this client so they may just simply not be able to carry my salary any longer. There is nothing else in my region too, and as it is I already travel from my region (DC/Baltimore to MA). We do have some stuff in GA but theres already a good Investment Manager on those deals.

    Quote Originally Posted by Bertuzzi View Post
    This sucks man, sorry to hear about your luck.... Sounds like a real good gig, even better than mine. If you wanna move to Canada I'll hook you up with a job. It's not in Investing but it is in Finance and we got it pretty sweet to.... generally we sit around in jeans and t's all day farting burping and swearing. Oh, and drinking Starbucks

    The money is nice too.... let me know Oh and you need to get Canadian citizenship.

    Hope I made you smile at least a little

    Haha. yeah that sounds good Bertuzzi and thanks for the offer. I may use that in my upcoming interviews (pending offer in Canada).. lol.

    Quote Originally Posted by vetteman08 View Post
    I'm in a similar gig as a sales executive (different industry) where travel & freedom are just a few of the perks. I know it must be stressful right now, as I would also be distressed as well knowing the plug may soon get pulled.

    However, I'm sure you got your award last year for a lot of reasons, including being one step ahead of the other guy. With that said, take that same energy and put it towards finding the solution ...

    1) Is this a definite done deal with the client, or could someone (like yourself) possibly get creative and salvage this deal? If you can salvage it, you're gold (you know that). Unless they've signed a contract it's not over til it's over.

    Yeah, definite done deal. The owner's new CEO is a former employee of my company and got fired... lol. So he's got a wicked vendetta against our President. He also hired another jackass who got fired from our company as the head of Asset Management so we're pretty much f'd.

    2) Can you be part of the solution for this client with a competitor? You could bring the insight and experience on how to manage this client properly, and possibly your past performance and reputation will give you a strong reference.

    Nothing we can do with these guys, but we're always looking for business development.... we've landed a couple deals but they're not under my portfolio as mine was already full. Sucks to have all of your eggs in one basket.

    3) Like mentioned by StangLaw, look at the variables on how you can bring the solution right to your own doorstep by starting your own company. Model your business on the strengths that have made you successful, and capitalize on the weaknesses that are causing the failures like at this current employer.

    Many ways to look at it, just grab that same confidence that's built your program to #1 in the past.
    Good tip, appreciate it. And thanks for the thought out response bro, good stuff.

    Quote Originally Posted by auslifta View Post
    Find out who is managing his portfolio now, contact them, get yourself in there, they will appreciate the drive.
    Yeah I'm wondering what outfit they've selected... I'll find out too and this may be an option. I really love my company though so I hope it works out with them but you're right, I very well may approach them as well.

    Thanks all -

    IG

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    Igifuno's Avatar
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    Tomorrows the big day.. Prez is flying in from FL to my office. I have some inside intel that told me that he's going to try to get me to move to ATL... I can't do that so I'm not sure whats gonna happen. Wish me luck..

  16. #16
    Hazard's Avatar
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    wishin you the best man..... ask him for relocation to jersey

    Invest by day..... fist pump by night.....

    ~Haz~
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    Igifuno's Avatar
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    Some of my investments are already in Jersey actually.. AC, Orange and Glassboro.. I live in Baltimore so I'm up there for about a week every month. At least, I have been for the past couple years.. Dont know whats gonna happen now but thanks for the well wishes homey. Definetely don't want to go to ATL.. aint happenin.

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    DSM4Life's Avatar
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    Need a place to get some rape, i mean rest ?

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    Igifuno's Avatar
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    Lol.. I have a couple of sites in Philly as well.. also, Levittown and Langhorne.. pretty close to you isn't it...

    Dammit, I definetly would've taken you up on the rape, DSM... but I'm either going to GA, FL or be in the job market..

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    Igifuno's Avatar
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    Welp, sh*t didn't really go well today.. I was offered a transfer to ATL as expected.. I declined.. I countered with an idea that involved promoting me..lol. The prez liked it but my region no longer has any income so travel overhead was his concern..

    Anyway, I'm officially looking for a job... I have until the end of July.

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    l2elapse's Avatar
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    Quote Originally Posted by Igifuno View Post
    Welp, sh*t didn't really go well today.. I was offered a transfer to ATL as expected.. I declined.. I countered with an idea that involved promoting me..lol. The prez liked it but my region no longer has any income so travel overhead was his concern..

    Anyway, I'm officially looking for a job... I have until the end of July.
    sorry to hear, wish the best

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    Vettester is offline Banned
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    That sucks, man! Sorry to hear.

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    Bertuzzi's Avatar
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    Quote Originally Posted by Igifuno View Post
    Welp, sh*t didn't really go well today.. I was offered a transfer to ATL as expected.. I declined.. I countered with an idea that involved promoting me..lol. The prez liked it but my region no longer has any income so travel overhead was his concern..

    Anyway, I'm officially looking for a job... I have until the end of July.
    Well if you don't wanna transfer to ATL, I guess that means you're not moving to Canada to work with me?

  24. #24
    StangLaw's Avatar
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    Thats sucks something aweful. Hope you find something. Can you go back to school? Get like a dual masters or something till this economy climbs out of the toilet. If it makes you feel better i got my cost of attendance for my first year of law school....66k and it will be all in loans...yay

  25. #25
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    when one door closes another opens...best of luck to you man. I hope everything works out!

  26. #26
    Igifuno's Avatar
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    Yeah thanks everyone.. best thing about this gig is the freedom.. Lots of travel but the rest of the time I pretty much get to work from home... my grill is right in front of my and my gym is right down the street.. I'll make it work though... thanks everyone for the support..

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    Igifuno's Avatar
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    Quote Originally Posted by Bertuzzi View Post
    Well if you don't wanna transfer to ATL, I guess that means you're not moving to Canada to work with me?
    What do you do again, Bert? If I were single bro.. I may take you up on that (if you were serious).. I have a fam though, just bought a house 3 years ago and its lost over $70k in value.. so I'm stuck for a while you know?

  28. #28
    redz's Avatar
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    have a fam though, just bought a house 3 years ago and its lost over $70k in value.. so I'm stuck for a while you know?
    Ouch that is quite the bust on that house, I`m up 60k in 3 years on my house but I still wouldn`t sell it. Don`t worry every thing happens for a reason I`m sure a new better opportunity is waiting for you.

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    Igifuno's Avatar
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    yeah hurts pretty bad.. I'm in the B'more area and the market definetely took a dip in my particular sub-market.. not sure what part of the country you're in but the value increase is great man.. hope it stays like that for you.

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