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The only reason I'm still posting in this thread is because this last post literally made me laugh out loud. Why the heck do you think the 3 year solution was said "out of frustration"? If I was a betting man, I'd say 50/50 odds you're under the age of 25. So, I suspect no matter what I say...

This is something I've been trying to get my arms around for months. I've spoken to my attorneys, and several levels of folks at IB... no one really has a very good understanding of the issues. Basically, this is a regulatory issue. Here's my foggy understanding: Foreign securities must...

Is this the source of your confusion? You think this person, whoever he is, is being funded because he "projected something like 10% for a month"? I can guarantee you no remotely sophisticated investor will EVER select an investment believing a projection of "10% a month". However, the...

Win the lottery? Find a rich uncle? Work really hard at a day job and save up? Be like neke (circa 2006-2009)? I get the feeling you think this is some how unfair. Well, no one I know passes out $100k like it's candy. The answer everyone is giving you, which you dont like, is that you...

The answer makes perfect sense, you just don't like it. You might believe that "in 36 months of live trading you wouldn't need any further funds" and therefore waiting that long is "irrelevant", and you might even be ultimately right about your "talent"... but no one living outside of your...

Yes, backtests are pretty useless for non-systematic traders. That might make it "unfair" for discretionary traders, but facts remain the same. You need many years of great, live trading results to attract serious money.

Well, there's your answer right there. Investors won't put a dime in you until they know your long-term expected value. The amount of time needed to attract money, is exactly the amount of time needed to (with some reasonable sampling error) calculate that number. If YOU don't know it, then...

No, very typical process. You just have to be clear you do not charge incentive and management fees on your own account.

Hi there, Anyone with any experience with PENSCO as a trust custodian? I'm considering using them to invest my IRA account in my own fund (structured as a Delaware LP). I've previously used Trust ETC and Millennium, and had issues with both. I'm looking into other options at this...

traderwann, I think you are taking his comments too personally. His conclusion is correct, although he wasn't generous in sharing his logic. No one is going to invest in a strategy that returns "6-15% a month" on the basis of 30 days of hypothetical trading. There is literally nothing of...

Right idea, but numbers you use don't make sense. Most family office / HNW would be looking for 15-20% annualized returns, which is roughly an average 1.5% monthly number. Good luck finding a strategy with a worst drawdown smaller than 1.5%.

With the sample size involved, sampling error (even with high population variance) is low enough that we know the great majority of funds must be in the red this year. And actually, variance isn't as high as you'd think, as correlation in fund returns have gone up quite a bit over the past few...

Not sure why you say that. Most indices are not weighted by assets, so Paulson shouldn't have an outsized effect on results.

In one word: yes. Great majority of funds are in the red.

This is really not realistic. There are various hedge fund databases widely available to the public, and "20-60% per year" is hardly a rule of thumb. Hedge fund databases typically, due to SEC regulations, are only available to those who self-certify as accredited investors (i.e., you click...

Whatever standard local rates are. I also have access to fixed-tem deposits, and structured finance products... I have no ideas about the complicated scheme you describe, but in my experience nothing comes for free...

You said above "you won't be subject to taxes in the US on those earnings"... so I'm confused. Anyways, that's not correct.

Not correct, I looked into this a few years back. You can google CFC and PFIC. Basically, IRS doesn't intend to allow you a free lunch. If you have legitimate business needs, costs may be worthwhile. For us looking to trade securities, you get no advantage.

Assuming the guy isn't asking for tax evasion advice (I don't have any)... I will say I use and like HSBC's global premier banking services. To qualify for premier, you need $100k in total deposits. You can open local accounts in any of the territories that HSBC has a presence in, and get...

+1. I remembered reading this thread and thinking... what a pointless theoretical debate. Turns out to be not so theoretical after all.