Comments on: Selling Stocks Door to Door Rain or Shine

By: How the Common Man Sees It

How the Common Man Sees It — Tue, 13 Jan 2009 16:00:16 +0000

I think Edward Jones does something called 1,000 knocks.

All right, I’m seeing a whole merger with the JWs thing here…

…it could work

Slogan:

It’s going to take forever for your investments to come back anyway

By: ejguy

ejguy — Tue, 13 Jan 2009 07:21:03 +0000

PS – My office is two miles from my house. I really am their neighbor, and they know where I live!

By: ejguy

ejguy — Tue, 13 Jan 2009 07:15:29 +0000

Always do research before making comments, guys (Barry included). Edward Jones has just made the number one ranking according to financial advisors from all firms in best places to work for the sixteenth straight year. That includes things like “least pressure to sell any given product”. That’s published in Registered Rep magazine. Also nine straight years in Fortune’s top 100 Best Places To Work In America. There’s also a few JD Power awards, etc.

The firm is also the best capitalized of all the major financial firms. Oh, and no layoffs since being founded in 1922. In fact, the approximately 11,500 current (mostly) one-person offices in the US, Canada and the UK are targeted to reach some 20,000 in ten years.

Yes, we knock on doors sometimes…serving people in the local neighborhood with no minimum account size. If we don’t win their trust the first time it’s okay because we’re in the neighborhood and chances are they’ll see us again!

By: ben22

ben22 — Tue, 13 Jan 2009 01:00:45 +0000

oh and if the 1,000 knocks thing is in the video I apologize, I wasn’t interested in watching.

By: ben22

ben22 — Tue, 13 Jan 2009 01:00:09 +0000

I think Edward Jones does something called 1,000 knocks.

For all those above, how about this, they get some of the highest customer satisfaction scores in the industry, year in and year out.

By: geobdg

geobdg — Tue, 13 Jan 2009 00:22:24 +0000

Comments about the general population’s lack of sophistication make me roll my eyes a little. Who’s been the worst at investing in products they don’t understand? – The genius, sophisticated, educated financial services industry, that’s who.

By: Mike in Nola

Mike in Nola — Tue, 13 Jan 2009 00:19:45 +0000

The concept is even scarier than buying my first CD’s online directly from banks I couldn’t visit.

It’s just showing brokers for what they are: stock salesmen.

By: Jojo99

Jojo99 — Mon, 12 Jan 2009 22:40:34 +0000

Is it any different than “investing” with some faceless broker trainee who calls you on the telephone with the “hot tip” du jour?

By: phb

phb — Mon, 12 Jan 2009 20:23:34 +0000

Simple Barry – you are working on selling the crap your firm tells you to sell, nothing more and nothing less. Then you practice telling people to “hold on, markets always come back.” Notice that his hand knocking on the door is wrapped around a golf ball so that it makes a firm noise on the door. This was in the journal on Saturday…

By: Barry Ritholtz

Barry Ritholtz — Mon, 12 Jan 2009 19:41:11 +0000

Even more significant than that: If you are going door-to-door, what craft is it that you are working on perfecting that makes me want to give you my money?

It isn’t the study of investing, or reading corporate balance sheets, or analyzing the economy, or learning asset allocation, market history or trading skills . . . I guess its door-to-door sales.