How many here started in their 40's?

[Xela]

Good luck with being the only person in history to win that kind of case!

Well ... I think many people "win" them in the sense of settling favourably out of court, to avoid adverse publicity for the respondant in potential litigation. One doesn't hear about those as often, of course (especially if there's a non-disclosure clause in the agreement reached).

 

[Sig]

Well ... I think many people "win" them in the sense of settling favourably out of court, to avoid adverse publicity for the respondant in potential litigation. One doesn't hear about those as often, of course (especially if there's a non-disclosure clause in the agreement reached).

I think he's confusing malpractice with an operation that simply doesn't achieve the desired results. I know someone who had shoulder surgery for persistent pain in their shoulder. They were informed before the surgery that it had a 85% success rate, and unfortunately for them they were in the 15% that wasn't successful. They don't get to recoup the cost of the surgery even though it didn't achieve the desired result. And no doctor or their insurance agency in the world is going to settle if you asked for your money back. This is what the OP was stating.

Obviously if the doctor left a pair of scissors inside my friend's shoulder and that was the proximate cause of the lack of success they'd successfully sue/settle. A very different thing, malpractice is, from just failing to achieve success in an endeavor that everyone acknowledged had a non-zero failure rate to start with. Like CTAs, for example.

 

[speedo]

Insurers know that a skilled lawyer and a gullible jury or prejudicial judge can easily trump actual culpability...hence settlements.

 

[newwurldmn]

I think he's confusing malpractice with an operation that simply doesn't achieve the desired results. I know someone who had shoulder surgery for persistent pain in their shoulder. They were informed before the surgery that it had a 85% success rate, and unfortunately for them they were in the 15% that wasn't successful. They don't get to recoup the cost of the surgery even though it didn't achieve the desired result. And no doctor or their insurance agency in the world is going to settle if you asked for your money back. This is what the OP was stating.

Obviously if the doctor left a pair of scissors inside my friend's shoulder and that was the proximate cause of the lack of success they'd successfully sue/settle. A very different thing, malpractice is, from just failing to achieve success in an endeavor that everyone acknowledged had a non-zero failure rate to start with. Like CTAs, for example.

I believe proving incompetence in a professional field like investment management or Law is pretty difficult.

 

[SimpleMeLike]

u said it the best,
crazy how many people think they succeeded cuz they made money yet they made less than buy and hold, not only they lost on money but their time as well

You are correct.

If you are an investor and trading stocks and can't beat the S&P 500, just invest in Vanguard Total Market Index fund and enjoy life.

Day trading is just extra income.

 

[SimpleMeLike]

Account with $250,000. I can buy $250,000 of SPY or a mutual fund that is similar and go get a full time job, vacation and hand out with my friends, and match the S&P 500 returns. No effort, no time. I know people that have done that for the last 25 years and have been happy with that choice. If I have to trade full time or part time but put in hours a week that could have been spent on other activities, and my returns beat the S&P by 2%, was that worth the time and effort, not to me.

Robert,

I agree and its common sense to me in its simplicity. Day trading is for income. But for investing for the older years, this money should be in Index fund, no ifs and buts about it.

This is why I stop trading stocks. It makes no sense to try and beat the S&P 500 when you can just buy the index.

This same thing applies to my future trading, my goal is to make as much as possible with less time and effort, Eventually.

 

[wildchild]

If you're claiming a significant portion of the hedge fund industry is a Madoff style Ponzi scheme with no proof you're just being a troll. If you're not claiming that then what is your point exactly?

Not saying they are a ponzi scheme, but anytime you give someone else your money, you have to factor in the possibility that they will defraud you. If you think hedge funds are any different you are being very naive.

 

[Sig]

Not saying they are a ponzi scheme, but anytime you give someone else your money, you have to factor in the possibility that they will defraud you. If you think hedge funds are any different you are being very naive.

So might your bank. Or your car mechanic. Or your spouse. You can't convince a paranoid person not to be paranoid, so I won't try with you. I'll just let you know that life is much more pleasant out here, even if I am naive. I'd rather lose a hundred grand then spend my life worried, without any evidence, that everyone was trying to defraud me.

 

[wildchild]

So might your bank. Or your car mechanic. Or your spouse. You can't convince a paranoid person not to be paranoid, so I won't try with you. I'll just let you know that life is much more pleasant out here, even if I am naive. I'd rather lose a hundred grand then spend my life worried, without any evidence, that everyone was trying to defraud me.

I didnt say everyone was out to defraud you but you have to factor that into the equation and be skeptical of everything. Everytime a dollar leaves my pocket I question whether its a good thing. Tighten up a little Sig, you will thank me later.

 

[systematictrader]

I didnt say everyone was out to defraud you but you have to factor that into the equation and be skeptical of everything. Everytime a dollar leaves my pocket I question whether its a good thing. Tighten up a little Sig, you will thank me later.

tighting up is not a bad idea, but whats better if u know how to trade or anything similar where earnings are limitless its better to focus on making more, u can only tighten up so much