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Please allow me to vent about work
Old 03-02-2006, 08:39 AM   #1
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Please allow me to vent about work

OMG I'm going to scream!!!!!

I'm a portfolio manager for a medium size investment advisory firm in Chicago. Usually I'm a behind the scenes guy (I'm kind of like Dilbert in that they don't want me in front of the clients too much because I tend to tell the truth)

So, by force I was taken to a client dinner because this client tends to ask lots of questions about their account and they wanted to have somebody there to answer questions. So, I had to sit there (eating some pretty decent food) for 3.5 HOURS!!! listening to the client go on about how hard it is to live on $500K p/y (they were seriously complaining) down from $1.1M. Then I got the jolly task of explaining to them how we actually did a good job for them last year and they earned around 10.5% after fees on a fairly conservative accout blah blah blah....


So, after 3 hours or so, I was itching to get home (my wife was home sick) and after 3.5 hours we leave (to drive home another hour at which point it's now 11:00)

So today, I get called in by the senior people. I was thinking it might have been "great job, the clients are happy" NOPE! Instead, "you looked anxious to leave that meeting, it was an embarrasment to the firm"
I thought I was going to throw something
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Re: Please allow me to vent about work
Old 03-02-2006, 09:05 AM   #2
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Re: Please allow me to vent about work

You should have thrown something.

setab
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Re: Please allow me to vent about work
Old 03-02-2006, 09:08 AM   #3
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Re: Please allow me to vent about work

Quote:
Originally Posted by setab
You should have thrown something.

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I thought about it for a second.
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Re: Please allow me to vent about work
Old 03-02-2006, 09:14 AM   #4
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Re: Please allow me to vent about work

Frankly, stories such as yours convince me that retiring even from a government position is the correct thing to do. When I was in private legal practice (a generation ago) I worked for someone like you described. Makes me want to never go back.

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Re: Please allow me to vent about work
Old 03-02-2006, 09:14 AM   #5
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Re: Please allow me to vent about work

Look at it this way: ain't no way they will be bringing you to another client schmooze any time soon.
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Re: Please allow me to vent about work
Old 03-02-2006, 09:26 AM   #6
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Re: Please allow me to vent about work

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Originally Posted by brewer12345
Look at it this way: ain't no way they will be bringing you to another client schmooze any time soon.
Man, I hope that's true. I remember when I first found this forum I asked if the people who FIRE'd were worried about losing their "perks" like expense accounts etc. I see know why there was nobody in agreement.

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Re: Please allow me to vent about work
Old 03-02-2006, 09:48 AM   #7
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Re: Please allow me to vent about work

Saluki, I'm going through the same kind of crap myself. They squeeze the life out you and then smack you if you need to attend to personal matters. I have orders for bloodwork that I received in December(!) that I can't get to because of the hell hole I'm working in. It will change very soon...
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Re: Please allow me to vent about work
Old 03-02-2006, 09:59 AM   #8
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Re: Please allow me to vent about work

Quote:
Man, I hope that's true. I remember when I first found this forum I asked if the people who FIRE'd were worried about losing their "perks" like expense accounts etc. I see know why there was nobody in agreement.
I will miss my office supplies I better start hoarding now.

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Re: Please allow me to vent about work
Old 03-02-2006, 10:10 AM   #9
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Re: Please allow me to vent about work

Quote:
Originally Posted by The Beagle Formerly Known as Maddy
I will miss my office supplies I better start hoarding now.
I actually paid for some file folders last week! First time in 35 years.

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Re: Please allow me to vent about work
Old 03-02-2006, 10:10 AM   #10
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Re: Please allow me to vent about work

Quote:
Originally Posted by The Beagle Formerly Known as Maddy
I will miss my office supplies I better start hoarding now.

I'm going to build my vacation home out of stack of post it notes.

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Re: Please allow me to vent about work
Old 03-02-2006, 10:13 AM   #11
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Re: Please allow me to vent about work

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Originally Posted by Jiggles
Saluki, I'm going through the same kind of crap myself.* They squeeze the life out you and then smack you if you need to attend to personal matters.* I have orders for bloodwork that I received in December(!) that I can't get to because of the hell hole I'm working in.* It will change very soon...
Go get the damn blood work done before you drop dead, please. Take a sick day if you have to.
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Re: Please allow me to vent about work
Old 03-02-2006, 10:20 AM   #12
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Re: Please allow me to vent about work

No good deed goes unpunished...
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Re: Please allow me to vent about work
Old 03-02-2006, 10:45 AM   #13
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Re: Please allow me to vent about work

I agree with Brewer, get the bloodwork done!!!
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Re: Please allow me to vent about work
Old 03-02-2006, 10:58 AM   #14
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Re: Please allow me to vent about work

Quote:
Originally Posted by saluki9
I'm a portfolio manager for a medium size investment advisory firm in Chicago.* Usually I'm a behind the scenes guy (I'm kind of like Dilbert in that they don't want me in front of the clients too much because I tend to tell the truth)

So, by force I was taken to a client dinner because this client tends to ask lots of questions about their account and they wanted to have somebody there to answer questions.*
You are nothing but a money-making tool for the company for which you work. *You are there to make money for yourself and they use you like a human machine to generate a profit for the company.

They (the managers aka human tool operators) made the mistake of using the wrong tool for the wrong job, kinda like using the handle of a screwdriver to bang down a nail.

If you are good at what you normally do in your company, the company will keep you, but if they feel they can replace you with a more versatile human tool that can do your job plus be able and enjoy shmoozing (like a combination hammer-screwdriver in the example above) they will do it, so watch out for your self.

One question: *If you are very good in the financial arena, why not get licensed to be an independent financial planner and go out on your own? *I'm guessing it may be because you may rather work behind the scenes and not have much people contact.
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Re: Please allow me to vent about work
Old 03-02-2006, 11:12 AM   #15
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Re: Please allow me to vent about work

Quote:
Originally Posted by retire@40

One question: If you are very good in the financial arena, why not get licensed to be an independent financial planner and go out on your own? I'm guessing it may be because you may rather work behind the scenes and not have much people contact.
I'll tell you why. I don't know how much experience you have in this business. Our firm's average account is in the $5M - $7M ballpark. These accounts aren't won on performance, they are won at the country club, tennis club, etc. I may be able to help client's get great returns, but you have to get the clients first. I'm honest enough with myself to know that I'm not the kind of guy who can do that. For the most part I'm perfectly happy sitting behind the three 20" monitors on my desk and doing my work.

At least here I'm able to do good things for our clients (most of the money is with DFA or ETF's) and make a very good living. Also our scale allows us to charge fees low enough that I'm able to sleep at night.

Also, I don't mind people contact (I'm actually like people) but allow me to re-enact a typical meeting when it comes to explaining our results to the clients...

ME: well Mr. Client, we were able to earn a solid return last year slightly above market averages while being well diversified and keeping our expenses low (It's hard for me, but I don't use any greek letter or statistical term in my conversation)

Client: Well, what % did we earn

Me: 9%

Client: Hmmmmmm..... One of the guys in my foursome at the club earned 120% last year by mortgaging his house and investing it all in google.

Me: You're welcome

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Re: Please allow me to vent about work
Old 03-02-2006, 11:15 AM   #16
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Re: Please allow me to vent about work

Saluki9 -- you can vent here. We all understand.

Everyone, please go to your doctor appointments, lab appointments, etc. No one at work cares about your health. You have to make it your priority to get the basics done. Just go do it... and don't put it off. Could save your life in the long run...
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Re: Please allow me to vent about work
Old 03-02-2006, 11:22 AM   #17
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Re: Please allow me to vent about work

Quote:
Originally Posted by saluki9
Also, I don't mind people contact (I'm actually like people) but allow me to re-enact a typical meeting when it comes to explaining our results to the clients...

ME: well Mr. Client, we were able to earn a solid return last year slightly above market averages while being well diversified and keeping our expenses low (It's hard for me, but I don't use any greek letter or statistical term in my conversation)

Client: Well, what % did we earn

Me: 9%

Client:* Hmmmmmm..... One of the guys in my foursome at the club earned 120% last year by mortgaging his house and investing it all in google.

Me: You're welcome

The sad thing is that institutions are no better.
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Re: Please allow me to vent about work
Old 03-02-2006, 11:42 AM   #18
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Re: Please allow me to vent about work

saluki9,

As you say, I do not mind people contact, but I do not want to "kiss" up or receive crap.

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Re: Please allow me to vent about work
Old 03-02-2006, 12:42 PM   #19
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Re: Please allow me to vent about work

Quote:
Originally Posted by Ginger
Saluki9 -- you can vent here.* We all understand.*

Everyone, please go to your doctor appointments, lab appointments, etc.* *No one at work cares about your health.* You have to make it your priority to get the basics done.* *Just go do it... and don't put it off.* Could save your life in the long run...
I could not agree more.

Dying at your desk is no way to end a career. Leave you your own terms and remember that "the man" will push until you push back. If you don't take time for yourself and take care of yourself it is your own fault. Don't blame the job for it. I have done that a million times and no longer do that. You are responsible for you own health and the company does not give a crap if you do or not but your family does. If you won't do it for you then do it for your family.

I was carried out of my office once on a stretcher and I can assure you it is much easier to find time to take care of yourself for a couple of hours than be dead 24 hours a day.
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Re: Please allow me to vent about work
Old 03-02-2006, 01:20 PM   #20
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Re: Please allow me to vent about work

Quote:
Originally Posted by saluki9
I may be able to help client's get great returns, but you have to get the clients first.* I'm honest enough with myself to know that I'm not the kind of guy who can do that.* For the most part I'm perfectly happy sitting behind the three 20" monitors on my desk and doing my work.*

At least here I'm able to do good things for our clients (most of the money is with DFA or ETF's) and make a very good living.* Also our scale allows us to charge fees low enough that I'm able to sleep at night.*
Maybe you need one of Roy Weitz's jobs...
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