Best investment return

hardrock375 · Jan 31, 2003

Quote from dbphoenix:

Thanks for bringing this to our attention, Tacsian. You ought to mention it to Baron.

It has already been mentioned, and they have not stopped "her" yet. I think she believes Baron and his moderators to be a group of paper tigers.

dbphoenix · Jan 31, 2003

Quote from hardrock375:

It has already been mentioned, and they have not stopped "her" yet. I think she believes Baron and his moderators to be a group of paper tigers.

Although, all things considered, I'd rather hear about this than discuss MrMarket's penis . . .

--Db

hardrock375 · Jan 31, 2003

Or, how "HUGE" he is?

GD2KNO · Jan 31, 2003

Quote from taodr:

Quote from GD2KNO:

I don't know how much you're looking to invest, but you could place as little as $3,000.00 in a passive S&P account that returns 25% a month.

They say it has done so since inception over 4 years ago. I have only tracked it since 8/2002 and they have done it every month.

Their active traders make MUCH more. If you'd like their address please send me a PM.

This should not be allowed. She is always hustling !

It is easy to be a big mouth critic when you have no facts. Check them out for a free week and if they don't do as I have said, then I'll be happy to post a retraction on ET.

dbphoenix · Jan 31, 2003

Quote from GD2KNO:

It is easy to be a big mouth critic when you have no facts. Check them out for a free week and if they don't do as I have said, then I'll be happy to post a retraction on ET.

Scroll up to Tacsian's post, sweetheart, then start composing.

--Db

Hawkeye23 · Jan 31, 2003

Ok, let's leave out the suggestion of GD2KNO for now.

Does anyone else have any suggestions as to how they might invest a substantial amount of money?

Possibilities might include:

1. A specific hedge fund.

2. A specific mutual fund.

3. A specific group of stocks.

4. A specific money manager.

5. A specific trader.

Thank you.

okwon · Jan 31, 2003

Quote from Phantom Trader:

Others on here have claimed to do 1% a day. Doesn't that come out to about 25% a month?

1% of $3,000 would be $30 a day. You would think that would be possible. 1Â½ NQ points a day could do it. Perhaps the only thing preventing any individual from achieving this is personal discipline and strategy.

The thread was asking for a fund or other type of PASSIVE investment vehicle. Not what an individual trader makes on his funds.

It's a lot easier for a person to make 1% a day on his own trading account than it is for a fund with hundreds of millions to billions of dollars to invest to make 1% a day. Which is what the following post was suggesting on a passive S&P account.

okwon · Jan 31, 2003

Quote from swoop[TR]:

Lack of realism is one of the first cause of trader's demise.
1% a day on average is not impossible if you talk in arithmetic terms. Some people have done 250% per year (250/250=1%)
Arithmetic doesn't mean anything though.
If you talk in geometric terms, the figure is a lot less flattering if on the last day you lose 20%(0.71% in geo vs 0.91% in arithmetic).

Okay but 25% a month comes out to a lot more than 250% per year. And again you're talking about an individual trader trading small amounts of capital and not about a passive investment vehicle which would have billions of dollars under management, if it were able to produce those types of results. You can't daytrade billions of dollars.

GD2KNO · Jan 31, 2003

Quote from Tacsian:

I post this only for those who might not know better...most of ET is smart enough to test out any service or claims before diving in, but for any who might not be...

I subscribed to a free trial... Nov. ... loses... each day was followed with "explanations" as to why they were suddenly, after 4 years, experiencing losses. Each day was the "worst loss we've ever had." There were emails about a death of a friend close to the head trader, ...servers failing, for emails not working, explaining paper trading changes they were making for the system.... Sure it might have had 208 weeks of 40+ pts each week and then suddenly stopped generating profits. Systems fail..but...you examine the facts and decide if you believe that, or believe something else.

If they really have the Holy Grail and it just had some demons and got unholy for 2 months, which coincided exactly with the period right after GD2 started hyping it on ET, ... I just felt I should throw out my 2 cents as someone with experience with them.

What you say has some validity. They did run amuck when their head trader's mom became terminally ill in November, and the guys filling in for him were not accustomed to trading in a way that would be applicable to the signals program.

At the time they did email members and ask that they only paper trade until they could work out the problem which I felt was fair.

I also felt badly that it occured at the time I first posted on ET. I had not expected they would have protracted problems, or I certainly would not have made those posts at that time.

But having a really good experience with them I felt it could help others. I am happy to say they are back on track and my faith in them has been justified.

Also they only get paid if a week nets 25 points or more which I believe is more than I can ask for in terms of "fair".

trdrmac · Jan 31, 2003

Quote from Hawkeye23:

Does anyone else have any suggestions as to how they might invest a substantial amount of money?

First, I agree with Nitro, I would not let anyone else manage my money. One need look no further than Red Fox, Willie Nelson, Ted Nugent, Billy Joel, and a host of others to figure out what type of dividends blind faith pays.

If I were to take a risk on a "Hot Hand" I would limit it to 5% of my total net worth. So if I was worth 10 million 500K seems like a reasonable risk, although one that personally I would not take. Look at the recent hedge fund blow-ups for the reasoning behind this paranoia. Perhaps the Eifukus Fund founded in part by George Soros and his $120m rub a dub dub would make for some light reading.

Since I am not crazy about active funds and active managers (present company excluded) I would divide my capital among the ETFs that are on the market. Or some of the lower cost index funds. Then I would just enjoy my time.

Now if this is money that you earned yourself from trading, as the initial question indicates then active management of that money by yourself would make sense. And probably provide some enjoyment. But from Charles Dow to Charles Ellis and over 200 years of "Modern Markets" I have not seen any convincing evidence that "Institutional Money Managers" do much more than give themselves an annuity with your cash, and that is the "BEST" case scenario.