Came into $23 million... suggestions?

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Quote from trading_time:

Everyone has an opinion - 90% of traders fail.

So theoretically this means you need to sift through all the crap to find the nuggets.

My suggestion would be to open an account with 100k and play around, if you lose some money go back to the drawing board.

You can also hire successful traders to manage a very small portion of your fund. :D

Investing in longer term holds is also an option.

Good Luck..

TT

good advice I just hope he listens
 
Quote from bwolinsky:

There is no system. Ignore this.

I get sick and tired of seeing lunatics without backtests claim Jack Hershey's system is anything special, because it's not.

I agree with you 100%, Jacks strategies are a failure in real time, he has gone into bankruptcy before bcuz of his lack of skills in the markets. Anybody who thinks he is a successful trader needs to float back down from cloud 9 or stop smoking meth....or both.

He is a FAILED TRADER. PERIOD.

* But he IS a very good salesman.
 
He usually hangs out with a guy named Trader28, they are best buddies. I would do a search on this site and you are sure to find everything you need to know.

Quote from porkandbeer:

Where can I find this Jack person? He sounds like the sort of trader I need.
 
If someone gave you money to jump off a cliff, and the possibility of you surviving is 1 out of 100 jumps, would you take the money?

Take your inheritance and invest it in office and industrial properties and hire professional mnagers to manage the realestate portfolio. In 15 years you'll have 100 million from asset appreciation, income and equity. If you want to gamble in the markets, take $100 and open a mini forex account. When you are able to trade that $100 to $1 million, only then put your real estate income into the markets.

Most postings of this nature on ET are made by trolls. I hope you're not a troll as the advice I gave you is from decades of personal experience.
 
Quote from porkandbeer:

I recently inherited some money and am looking to trade it.

Google gave me this site. Can someone recommend how to grow the $23 million to around $50 million?

Thank you.

If this were a real person, the guy would know about wealth management. As to the guy, if you're going to flame, pick a better moniker.
 
Quote from WS_MJH:

If this were a real person, the guy would know about wealth management. As to the guy, if you're going to flame, pick a better moniker.

Exactly and thats why everyone is joking here ofcourse :)

Apart from some folks who took it a little too seriously. I mean even Jack deserves a little appreciation from people here sometimes :D LOL
 
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