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August 15, 2012

"I'll Be Brief" |Toying With Stock Brokers Reading From a Script

by John Darer CLU ChFC CSSC RSP

Despite beDogwithgunavataring on a do not call list, I get more than a few calls a week from stock brokers reading from a canned script. I've done my fair share of cold calling over the years, but some of the stuff I hear from these peddlers is ridiculous.

The call usually begins with some vague reference to a purported call with an associate of his that you spoke to a few months ago and that he's calling with  a recommendation.  The same shpiel.  "Get a pencil to write this down and 'I'll be brief' like Eric Stratten defending the Delta fraternity house at the probation hearing in the movie Animal House (below right). 

Eric Stratten courthouse

 

So today I decided to take the call and with a boisterous cheerful voice I answered "Hello Mr. Pump and Dump, what are peddling today?  I  know you'll be brief". Went right over the guy's head. 

Everyone has the right to make a living, but you don't have to put up with people that don't listen who are ill-prepared,  try to sound slick in seeking the impulse buy, the low hanging fruit.  It makes as little sense to buy from a cold caller trying to sell you a stock as it is to buy the argument from "a pre-med student" who claims to be "pre-law".

Work with someone who takes the time to understand you and your needs.

 

 

Posted at 01:44 PM in Financial Planning, Financial Protection, Settlement Planning, Structured Settlement Watchdog® |

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Guide to Structured Settlements 2023

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