Quote from bwolinsky:
How?
Real trades, real returns, real people, it's the World Cup only with a unique set of models to choose from, managed by investors who CVIM chose, so what makes you think it might be a scam?
You're misinformed if you think that. You follow your selected model managers and that's all you have to do. The funds are in your account under a sub-advisory agreement with Covestor Investment Management.
What do you think makes it a scam?
I don't have to tell you that that's total bullshit, hearsay, and has no validity, but I really want to know why you'd think that? Is there something about Covestor's business model you don't understand? Because I can clear this up for you, if you'll only tell me what your concerns are.
Again, Tim Sykes has an excellent track record, but it's difficult to replicate because his micro-cap trading watchlists are usually not worth over $50 million, and those aren't allowed by Covestor, so he may be doing well but of course the notion of scam is to present fraudulent info or otherwise engage in deception and the performance of the average subscriber is disclosed and I see a big difference because of Covestor's rules with regard to micro-cap and volume. They'll let him put his trade through but the average sub won't be able to take all of the trades he does, and I got to tell you I'm impressed with how he's done. I didn't expect him to do as well, but he is aware of his replicability issues and that is what may make it hard to believe how well other investors might be doing if they choose to follow him.
Does that answer questions for you? I still want to know why you'd say something so foolish.
