Search results

Been watching schizo's journal lately with some interest. Hope this publicity doesn't jinx him!

I parsed over your post so forgive me if I miss some points. Sounds to me like you are more interested in being an independent RIA - if so then go for it! Nothing beats the freedom of being a one man independent shop. In fact, many reps working for big firms become fed up and plan to become...

I disagree - there are tons of RIA's (including myself) charging 2%, many even more. If you have a multi year alpha generating track record with competitive net returns (mid teens to low 20's) with a peak to valley in the range of 10% to 15%, high net worth clients will flock to you and be eager...

I run similar programs as you including TOS on my laptop. Your plan sounds interesting. Which brand / model of machine are you looking at?

I keep my edges top secret. But edges can dissipate on occasion even without information leaks - variation in market structure is a big reason. One of my main edges diminished in efficacy over the past quarter but it is showing signs of coming back lately. I discovered another edge a few...

i'd rather not. don't want to damage anybody's reputation on a public forum

very steep learning curve trying to trade ag markets based on fundamentals - it's tough even for the pros who have been doing it for years. One of the CTA's I allocated to is a recognized ag expert and they are down double digits for 2015.

what if you installed closed circuit cameras above the cash register and watched from your browser? I have a relative who runs a cash based courier service and does this. He says it is a good deterrent for dishonest employees. But he assumes a certain amount of 'slippage' will always occur and...

My long range plan was (and still is) 3 pronged: 1. to earn income from my RIA business 2. own some unrelated business (such as laundromat) to diversify & help during lean periods 3. daytrade my own money to make steady income Item 1: is in effect and has been generating income for many years...

Interesting - would love to add that service. But as always, prospecting new clients for this activity would be a herculean challenge because I'm a one man shop.

I've never heard of that. What is it?

@Autodidact: what do your real estate investments look like? Do you own properties where you collect rent from tenants? Flipping homes? I have dabbled in investment property in the past, earned slim profits. May look at it again though if worthwhile. @Turveyd: are you a contractor? I have...

I ask this because I have been in a bit of a soul searching mode lately. A bit about me: my main source of income is my RIA - for those unfamiliar, RIA's manage client portfolios and/or sub-advise portfolios of other firms. It has been a decent way to make a living for the most part but lately...

My guess is SEC won't do anything, the leveraged/inverse ETF industry is too big already. Hopefully they do something tame like require increased disclosures. A total ban on these instruments would put my RIA out of business instantly.

Every US citizen here on ET needs to get out there and vote Republican next year. Haven't these past 7 years shown how hard it can become for a typical business person to make an honest living? Ever increasing taxes, regulations, red-tape, paperwork. Clinton would basically be Obama part...

Guys trading for a living have an elevated risk of getting a heart attack or stroke because of the sedentary nature of what we do compounded by stress during rough periods. I usually play tennis on saturdays and sundays and also try to jog a bit. This makes up for sitting at my desk all week.

This might be an outdated example but I recall those shady Amway people. The common tactic was to insist on meeting in person. During that meeting you would be subjected to high pressure tactics where finally they force upon you some worthless sample marketing materials. A week later they...

Obama and his administration still don't seem to get it. Making inversions harder will only force those corporations shift their operations 'for real' instead of the current variety of inversion which only involves buying a token foreign entity but still keeping the bulk of their operations here...

I was looking through a hedge fund database recently and found a sad state of affairs. About 90% of the track records are a total yawn. They seem to have lost their reason for existing, which historically has been to make outsized market beating gains. Many are achieving high single digits or in...

thanks for that post! exactly what I've found empirically. the trick is to come up with strategies that have autocorrelated daily returns ie. when they do well they should continue to do well and when they do badly they should continue do do badly, and the transitions between good to bad to...