Good Advisory Service Gone -- Interesting

[Breakout]

Quote from G_Morgan:

The owner/analyst is also a hedge fund manager, with 50 mil in assets. In the hedge fund, he had averaged over 70% a year for the past 5 years, with a max dd < 10%.

His advisory service was closed after a year. At the end of the year:

Performance: 100%
Client base: 25, paying $200/mo each.

Do you really believe that? Do you really believe you could invest $100,000 dollars with some fellow and in five years your investments' going to be worth (70% average) $1,419,857.

He probably got shut down by the CFTC or SEC, for fraud.

 

[Satyrican]

No 60K is a lot for minimum work. Running a advisory newsletter doesnt take that much effort.

With simple VBA macros and $1000 a year for website maintenance, its a cake walk.


He only has 25 clients???????
If you doing that well for 5 years and you're pulling in rouhgly 5 people a year??

I see fraud. But that just me and my skepticism.

Quote from Banjo:

If he's honestly runnuing 50 mm then 60k is lunch money.

 

[margo_trader]

Quote from Satyrican:

No 60K is a lot for minimum work. Running a advisory newsletter doesnt take that much effort.

With simple VBA macros and $1000 a year for website maintenance, its a cake walk.

Ahh...that's horse shit.

 

[Magister Ludi]

Quote from margo_trader:



Ahh...that's horse shit.

lol... whats horse shit is claiming to avg 70% per year over 5 w/ dd's less than 10% on 50mil!!! LOL

sucker born every minute and two more to take em

PEACE and good-trading,
Commisso

 

[margo_trader]

Indeed it is.

Quote from Magister Ludi:



lol... whats horse shit is claiming to avg 70% per year over 5 w/ dd's less than 10% on 50mil!!! LOL

sucker born every minute and two more to take em

PEACE and good-trading,
Commisso