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Posted: 5/10/2001 8:02:58 AM EDT
Well, since I don't have anyone to vent to and ask for advise here in Dallas yet. I am gonna turn to you guys. I got this job in Dallas a month and a half ago. Since then they have laid off 15% of the staff and my roll has changed dramitically. Needless to say its not what I was hired for. Currently I hate coming to work. I am so overwhelmed and no end in sight. I don't mind working under pressure, I actually thrive on it. However, when pressure is due to the ineptness of others, and is un called for, its a different story. Now the downside. I have a forgivable loan for 1yr here at my current co. for moving me out here. I need to pay that back in full if I leave w/i a yr. There is only 6 firms in TX that will do proprietary trading. One of which I already work for. My former employer in CA has revamped their desk. Had I stayed I could be in a better position, VP level with a large book of biz handed to my lap with a gross commission of about 200K a yr(from a sr. person that got promoted I was next in line) I got a call today from one of the SVP's asking if I would be interested in returning. Here's my dilenma. I choose to gain quite a bit career wise and monetarily going back to CA for another 2-3yrs or so, and then make my escape. I had planned on relocating permanently and retire in FL anyways. So what to do? Grin and bear it here and drive myself nuts. Looking for another job in TX is next to impossible for me barring me changing careers. Or go back to CA. I love TX except for not having a beach nearby and the lousy drinking laws.
Link Posted: 5/10/2001 8:11:57 AM EDT
Will your former company in CA pay for your move back out there? Is the move loan from your current company so prohibitively high that it would not be offset by the monetary gain you would see from the new position back in CA? Semper Fidelis Jarhead out.
Link Posted: 5/10/2001 8:15:37 AM EDT
How about presenting your current employer with this proposition: Since they have materially changed your job to the point that you are not doing what you were hired to do, they forgive the note now and you part ways on good terms?
Link Posted: 5/10/2001 8:15:53 AM EDT
Link Posted: 5/10/2001 8:20:30 AM EDT
Or buy some toys in TX to keep you company in socialist CA. Or keep the DL from Texas, get a PO Box for residency, and then every so often be able to get guns. c-rock
Link Posted: 5/10/2001 8:21:12 AM EDT
Go back to the job in Kali. You'll be making so much money, you can afford to get a real address in AZ. With your real address in AZ (you are technically an AZ citizen if you own real estate here, so you get a small house or condo in Havasu or Kingman) Once you have an AZ address, go down to the DMV and get an AZ ID card. Use that card to obtain an AZ CCW card. Ta DA! No more waiting periods, no more NICS. Cash and Carry. Also, AZ is a C3 state so you can buy a nice safe and put it in your condo and start some Form 4 transfers going. Life will be good, and you'll always have a place to go for vacation. D.
Link Posted: 5/10/2001 8:47:04 AM EDT
[Last Edit: 5/10/2001 8:46:17 AM EDT by Rons_Toys]
LT Real tough problem. Seems like your old employer really needs/wants you back. I bet if you ask them to cover that loan they may bite. It's really hard to get a employee who is good at what he does and enjoys his line of work, the enthusiasm will be seen by the customer. You're still young yet, go for the money, retire early, start your own company and let some young upstart make money for your retirement toys. just my 0.02 Ron
Link Posted: 5/10/2001 9:16:48 AM EDT
[Last Edit: 5/10/2001 9:19:59 AM EDT by lordtrader]
Yes my old co. will pay for me to move back and I could probably transfer the loan back to them or finagle my salary somehow. The loan is for 2K not too big. The dilema is that I have grown to like TX. Low cost of living. Firearms freedom. All that at a cost of a dead end job. Going back to CA gives me the upward mobility and experience needed for that next step(which is what I thought I was getting with this job in Dallas) However I get in return hi cost of living, anti gun state. Maybe the decision is really obvious here and I'm bitching like a lil baby but to be honest I am really torn here. I also took a huge pay cut (1/3 of my income) to come here and that is starting to take its toll. Much like most CA I racked up a debt to match my income. Derek, when I was still in CA I was really contemplating your suggestion. It is actually legal and can work. That is a definite possibility. BTW sorry I couldn't stop by you guys' shop like I said I would, on my way to TX. My travel plans got changed due to the movers.
Link Posted: 5/10/2001 9:36:21 AM EDT
Man, at least you will still have a job next month.
Link Posted: 5/10/2001 9:40:46 AM EDT
Originally Posted By Imbrog|io: Man, at least you will still have a job next month.
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Well if I tell everyone here where to go, and go postal. [:D] Just kidding not gonna go postal.
Link Posted: 5/10/2001 9:41:39 AM EDT
I'd ask your current employer to make a counteroffer. If he can't match or do better, I'd definitely move back. Nothing sucks more than having a job you hate.
Link Posted: 5/10/2001 10:12:20 AM EDT
LT, It seems that you have devised an exit strategy for getting out of Kali eventually, so it's probably not a terrible loss to come back. Besides, we could use another vote against the gun grabbers in the next election.
Link Posted: 5/10/2001 10:15:40 AM EDT
If you go back to Cali now everyone there will think you couldnt make it on your own in Texas. We have guys leave to go work in other states all the time. Some of them come back with their tail between their legs. I dont have to tell you how damaging that is to their reputation. Stay in Texas.
Link Posted: 5/10/2001 10:17:27 AM EDT
PUNT!
Link Posted: 5/10/2001 10:19:40 AM EDT
[Last Edit: 5/10/2001 10:20:09 AM EDT by AR_Rifle]
Go back to CA. You got to look out for yourself first. It only get worse at your present Company. CA is not such a bad state, I know, it is not a gun friendly state but this is business. No offense to TX, but if a company is not treating you right, it's time to move on.
Link Posted: 5/10/2001 10:31:32 AM EDT
Originally Posted By 1GUNRUNNER: PUNT!
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LMAO, thanx man, that's the first laugh I had all day. AR15fan, I hear what you're saying. I really do not wanna go back myself, hence my dilema. Guess it would not be that bad cause they are the ones that called me and not me asking for my job back.
Link Posted: 5/10/2001 10:35:25 AM EDT
That's the point. They called you, not that you asked them to come back.
Link Posted: 5/10/2001 10:42:04 AM EDT
Link Posted: 5/10/2001 11:50:33 AM EDT
Well this post just motivated me to call some contacts. One of the banks I use to work for has branches in TX and am in talks with them now to see if I could cruise over as a Financial Advisor. Going back to retail is not my idea of where my career should be headed. But its better than here, the money will be good and best of all....I get to stay in TX. So lets see how it goes.
Link Posted: 5/10/2001 12:03:28 PM EDT
Here my .02. Think of your career first because that will dictate what you can do on your free time. You will not be able to finance your hobbies if you don't have money and a secure job. And plus you said you are not enjoying coming to work that is not a good sign. If you old co. will shoulder the move, you can transfer the loan to them, you will be making more money and you will have a job security then it a no brainer move back. You are always welcome to come back. ASR
Link Posted: 5/10/2001 12:12:35 PM EDT
have you looked into a job in fla ?mmk
Link Posted: 5/10/2001 12:34:15 PM EDT
[Last Edit: 5/10/2001 12:42:16 PM EDT by lordtrader]
Originally Posted By madman kirk: have you looked into a job in fla ?mmk
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I had a job offer in FL with JPMorgan, however it was rescinded due to the fact that they had a hiring freeze when the merger came on with Chase. I have been looking as well as my recruiter, but not many firms are willing to pay for moving cost and also hire out of the area. Specially with the market being down and biz is slowing.
Link Posted: 5/10/2001 2:53:23 PM EDT
dont know how much you make, but 200k a year sounds like a freakin millionaire to me, hell id probably move to DC or NJ to make that kinda money, if only for 2-3 years suffer in the short run, major rewards and advancement in the long run. with 200k you could get a small condo in NV or AZ, or something in TX, while working in Kalif
Link Posted: 5/10/2001 3:00:39 PM EDT
DON'T JUMP!! DON'T JUMP!!!!
Link Posted: 5/10/2001 3:42:00 PM EDT
Originally Posted By ASR: Here my .02. Think of your career first because that will dictate what you can do on your free time. You will not be able to finance your hobbies if you don't have money and a secure job.
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I disagree. You cant put a price tag on freedom. I would rather be a lower middle class working stiff in a free state than upper middle class in California.
Link Posted: 5/10/2001 3:45:59 PM EDT
Everyone has a price.
Link Posted: 5/10/2001 6:51:10 PM EDT
[Last Edit: 5/10/2001 6:51:54 PM EDT by lordtrader]
Originally Posted By LAgunman2K: dont know how much you make, but 200k a year sounds like a freakin millionaire to me, hell id probably move to DC or NJ to make that kinda money, if only for 2-3 years suffer in the short run, major rewards and advancement in the long run. with 200k you could get a small condo in NV or AZ, or something in TX, while working in Kalif
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I guess I should clarify that a bit. 200k is the potential of this job for gross commissions. Barring any trade errors and other types of charge backs. Of that gross I would make 25-30% gross in my pocket. When I worked there I was around 30-35k a year in commission + my salary. I know that seems a lot. To some that is their whole years salary. However take into account state taxes and the CA cost of living. LawDawg, I have that in mind. I have the taste of freedom now, and like it. NO, I LOVE IT. I was thinking about this while at the gym and I think I will try to find something else here in TX. even if it means getting away from trading bonds and going back to sales again. I will keep an open line to my former employer just in case. Makes it tough though when someone offers you a bag of gold when you're trying to live on copper. Thanx for reading my bitch session and offering your advise. Appreciate it Signed lordmixedup.
Link Posted: 5/10/2001 6:58:37 PM EDT
Originally Posted By lordtrader:
Originally Posted By LAgunman2K: dont know how much you make, but 200k a year sounds like a freakin millionaire to me, hell id probably move to DC or NJ to make that kinda money, if only for 2-3 years suffer in the short run, major rewards and advancement in the long run. with 200k you could get a small condo in NV or AZ, or something in TX, while working in Kalif
View Quote
I guess I should clarify that a bit. 200k is the potential of this job for gross commissions. Barring any trade errors and other types of charge backs. Of that gross I would make 25-30% gross in my pocket. When I worked there I was around 30-35k a year in commission + my salary. I know that seems a lot. To some that is their whole years salary. However take into account state taxes and the CA cost of living. LawDawg, I have that in mind. I have the taste of freedom now, and like it. NO, I LOVE IT. I was thinking about this while at the gym and I think I will try to find something else here in TX. even if it means getting away from trading bonds and going back to sales again. I will keep an open line to my former employer just in case. Makes it tough though when someone offers you a bag of gold when you're trying to live on copper. Thanx for reading my bitch session and offering your advise. Appreciate it Signed lordmixedup.
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Her`s my 02....i`ve "gone back" a couple times....learned this....if you were`nt happy before, you won`t be happy again.....does`nt matter how good they make it sound......lick wounds, move on......B&G
Link Posted: 5/10/2001 9:32:02 PM EDT
Originally Posted By LawDawg:
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I disagree. You cant put a price tag on freedom. I would rather be a lower middle class working stiff in a free state than upper middle class in California.
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You are entitled for your own opinion. But if you look at my entire post I am just stating the obvious choice base on Lordtrader post. Plus he had future plans for his retirement which will require financial backing to accomplish. He could move to a different state other than Ca. but the offer is here.
Link Posted: 5/10/2001 9:36:19 PM EDT
Originally Posted By LawDawg:
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I disagree. You cant put a price tag on freedom. I would rather be a lower middle class working stiff in a free state than upper middle class in California.
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You are entitled for your own opinion. But if you look at my entire post I am just stating the obvious choice base on Lordtrader's post. Plus he has future plans for his retirement which will require financial backing to accomplish. He could move to a different state other than Ca. but the offer is here.
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