Quote from optioncoach:
Ok you are set in your ways so no need to belabor the point I have made. People are free to invest in their own business is not the same as people putting money into as hedge fund and most people are aware of the differences. You are makng a big assumption that your book and DVD reduce the speculation and risk in investing in Penny Stocks.
And you are also wrong that fund managers are handcuffed to talking, they are prevented from promoting or advertising because they wish to avoid SEC regulation. If they do not mind being regulated by the SEC they are more than welcome to advertise and promote themselves. Seriously, you have to learn the difference. A hedge fund manager does not need publicity except towards prospective clients.
If you say you have a hegde fund then you should know all too well the benefits of NON-SEC regulation is so much better than whatever restrictions there are on advertising. Every hedge fund manager I spoke with all told me the same thing. Get a few good years of performance, put it in Barclays or other soucres where performance is tracked and you can use that to find the right clients. It is not easy but it should not be easy. But very possible.
EDIT: Again sorry if it seems argumentative, best of luck.
Nah I like this debate, you make some very solid points. I am assuming my book and DVD reduce risk, maybe because I think learning is all about trial and error so if you add somebody's experiences over a decade to yours, you have a lot more knowledge under your belt, even if it isn't first hand.
As for performance, that's just not the case with small funds like mine. I gladly would've registered for the chance at getting millions of dollars. It's funny that even though my performance stinks now, I get sooooo many emails from people who want to invest--it's all about exposure. I wish I had had it back in 2003 and 2004 when there were opportunities galore and my mindset was just right.
Opportunities come and go very quickly and we need to be able to take advantage of them with as much capital as possible. The SEC has already said the gag rule needs to go back in early 2007, I'm just trying to push them along