What’s It Like to Work at Dorsey Wright Money Management?

My name is JP Lee, and I’m the youngest member of the team here at DWA Money Management. 

John, Andy and Mike have dominated the serious posts so far. I won’t try to compete with them in the data analysis department; instead, I’ll bring a little humanity to the equation. Some soul, if you will. So here goes. 

One of the first questions that you ask somebody when you get to know them is, “What do you do for a living?” Depending on who’s asking, I say a number of things. 

I’m an assistant at a money management firm. 

You know what stocks are, right? I work with stocks. 

I work in Pasadena….in an office building. 

I stuff envelopes for a living. 

Once in a blue moon I’ll meet someone who follows the market or is an investor (I’m 25 years old, I don’t hang out in the Chairman’s Club). It’s always funny to me when people give me their opinions on this stock or that stock, or a brief rundown on what the economy “really” needs to get going again. Rants about corporate greed, the housing market and the next Great Depression, lifted straight out of Newsweek and Time. It’s fun to smile and nod along with market mavens. 

At the end of the day, I wear a lot of hats. I answer the phone, send out new client welcome packets, reconcile monthly account statements, and help organize quarterly statements and billing. Every once in a while I might liquidate a new account’s holdings and get the cash ready to invest in the DWA strategy. There’s a lot going on in the office, and there’s only 5 people here. It’s fun and exciting. 

As the only member of Generation Y in the office, I consider myself lucky to be here. Just today I saw a headline about college graduates in 2009 that showed that LESS THAN 20% of those who graduate this year will be employed. That’s a scary number. 

Stuffing envelopes never sounded so fun. I love this job!

8 Responses to What’s It Like to Work at Dorsey Wright Money Management?

  1. Nick says:

    JP,

    Could not agree more with your post. I am a 25 year old advisor in Delray Beach,FL. I have been a student of the DWA method for 2 years now. For once I can safely say there is a guy out in Pasadena who knows what in the world this Dorsey Wrights stuff is for once, and what a skill/art/advantage it is in our line of work. Sounds like our days are fairly similar. I guess we dont have it so bad after all! Take care JP and please stay in touch. Off to comb through the WSJ to discover the the secret potion to cure our markets. Look forward to future posts from you. Us young guys gotta stick together! – Nick

  2. Jonathan Pinto says:

    Hey guys,
    I’m also a grom in the business waiting to take my Series… I’m 23 working out of Boca Raton, Fl. I am luck to assist and learn from the best portfolio managers in the area. My favorite daily duty is to be the first in the office and read the daily equity report, better than any newspaper full of misleading ads… I have been following P&F for a year now, the best tool to get a general idea on where to be !!!
    Lets keep it up, We will be behind the glass one day!!!

  3. JP Lee says:

    Good luck boys!

    Keep your head down and your chin up…..

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