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  1. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    No problem.. I guess only time will tell & I will keep you guys updated.
  2. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    I agree 8% is a good yield. However as a general rule the stock value will “not” decrease after dividend, yes it would take a temporary hit after the dividend, but then it slowly bounces back to where it was. Check out chart of PTY, JHI BAC.PRD.
  3. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    I will briefly answer your question (while I am sure a lot of others here would say what I am saying is just nuts) since it seems that you really want to get a better understanding. It is a common misconception that in order to get advantage of the time decay you need to short both the 3X bull...
  4. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    Atticus, thanks for your nice words…. I think I will just stay with what I said earlier ----- I think that rather then arguing about those strategies, I will let time tell how these strategies work out over the long run. As discussed I hope to post my results in the end of each calendar...
  5. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    I have some hedge of my short VXX positions thru owning VXZ, however that’s only a small hedge. I am building my VXX positions in a way it should be able to survive a 200% rise in VXX.(double the increase it had last year May). Below is a quote from a recent article of WSJ regarding VXX...
  6. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    I would use this as a reply for all of the posts above regarding strategy, buy and hold, buying at dips. I think that rather then arguing about those strategies, I will let time tell how these strategies work out over the long run. As discussed I hope to post my results in the end of each...
  7. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    Let me clarify a couple of things since it seems there are several posts on the forum that had some questions regarding my strategy, buy and hold, and how my account will handle a bear market. When we are talking about a buy and hold strategy, we are not talking about buying some company for...
  8. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    I bought 20 shares of apple last year for $258 each, since Steve Jobs has left because of an “undisclosed” medical condition I felt the stock is becoming more of a gamble, I sold most of the positions for $337. I still hold 6 shares.
  9. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    Yes , Apple is currently around a 0.33 of a percent of my portfolio.. (2k out of 600k).
  10. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    My focus for the last 2 years was, to buildup my account value with limited risk. My goal has been, and still is to be able to get annual decent returns over the long term no matter which side the market goes. There will always be drawdown’s when the market tanks and goes into panic, but...
  11. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    I guess in the next 3 years will have a chance to see how my account is handling a downturn market. From my point of view, if the market goes into a panic mode, that's the time that you can find the greatest values if you can meet the following conditions. 1. You keep buying on a consistent...
  12. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    I am a big fan of diversification and I would agree that one should not hold all (or the majority) of his money in the market. I own 2 condos already. Also as explained on my original post, I am not interested in launching a hedge fund now, I am just launching an incubator hedge fund, so if in...
  13. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    Thanks for your encouraging words. Offcourse 2 years of a record is not enough, however 5 years might be a different story. As I said I hope to update my results monthly.
  14. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    It was actually 170% in “2 years”. And I am not sure I could repeat it every 2 years…..:)
  15. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    Let me just clarify, the purpose of this thread is NOT about advertising or solicitation, in fact I have no interest now in managing money for people I don’t know. The purpose of this thread is to share performance and at times strategy, and get comments and insight from industry...
  16. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    I started my account in the end of 2008; total paid into account is 225k. Last week it touched $600,000 for the first time.
  17. L

    Can I change a thread from forum to another?

    I have opened a thread regarding a hedge fund but I placed it under “trade management” forum, but I think it rather belongs on “carrier trading” forum. Can I change the thread from forum to another?
  18. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    I reached a new milestone last week when my account value reached $600,000. I am launching an incubator hedge fund now, so if/when I decide to go for a full hedge fund I should have a track record. The initial account value of the fund will be $100,000; however I will be adding 3,000 each month...
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