I want to raise $10 million to trade...

Quote from ggoyal:

why dont you go work with a prop firm. or type "finance jobs in new york craigslist". u will find a lot fo firms that will take you on especially if you get 100-200K.

But honestly, raising 10 million is worthless. Say you only think you know what you are doing and blow up, u will be in debt for the rest of your life.

If you can get 100-200K then by trading you can very easily make a million bucks in a year, if you say u r as good as u claim to be.

Where you got your college education doesnt mean a rats ass. Going to Harvard or a community college doesnt make u master trader.

How old are you? Im not trying to make fun, but just trying to understand where u come from?

Do not trade with borrowed funds, if you lose it, u will seriously be screwed for life.

Just trader your 100-200K and grow. If you can grow with that you will have plenty of money. DO NOT BORROW MONEY TO DAY TRADE.
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i'm the last person in the world to pour cold water on a persons dream but truth is, most people don't realize the patience (time) required to achieve big dreams

this quoted post really is wisdom ... why not spend 2 or 3 years as a prop trader while you position yourself for what you really want

you may find that prop trading is more lucrative than what you originally planned, if you have good results a prop firm will let you have 10 mil eventually

las vegas in a great city to live, work and play ... you could take 50k to live on a couple of years and go to work for Bright with no stress and learn alot ... if you are good enough and build trust, you will get your 10 mil quicker from Bright than you will trying to cozy up to rich folks
 
Quote from Ripley:

I think I am mature enough to manage outside money. And I believe my strategy is good enough to make money, and it is scaleable. This can be proven by a track record/performance. BA/MSc educated from premier colleges etc etc.

I can muster up couple of hundred thousand from my parents/relatives. But, can anyone offer tips on how to meet other investors that want a high return and will take a chance on a novice fund operator.

Plz.. any tips would be great.
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Do you have any sort of track record to show possible investors?
 
Quote from Ripley:

OK.. I was never the one who thought I would ever want to trade outside money. But, what can I say.. I gave in. Because, lets face it, with my <$100,000 account, it would probably take me 10 years to make a million.

But, its for reals. I will be raising $10,000,000 within the next year.. whether you suggest a good way to raise some money or not.

By next year this time, I will be trading a 8 figure account. The rest is history. Even if it means I have to go to NYC or London and beg, plead and strip for the moneyed elite.
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I thought in your last thread you were going to make a billion?
 
Quote from Businessman:

Do you have any sort of track record to show possible investors?
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I do have a track record to show possible investors. But, no matter what, it has to come down to Pro Forma statements. Much is to be based on projections, thus I am afraid my track record can only be revealed to right people. I know that I have to disclose some of what I do, thus... I prefer to disclose it to people who would not have the means to use it. Preferably, not financial savy peoples...sports, and entertainment celebs...etc... lol...

No more prop trading for me. I am eventually set to manage a fund, so.. might as well start early and get a good start.
 
This 10 million thing got me thinking.

In your hedge fund if you have say 10 million. And you use 2 million of that in your brokerage account to cover margin.

The other 8mill sits in the hedge funds bank account earning say 5%.

Who typically keeps the 5%, the fund management company? or is it normal practice to add that to the returns made for investors?
 
Quote from buylo:

I thought in your last thread you were going to make a billion?
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I read about all these billionaire hedgefund managers... that's why I thought it would be a cool thing to do. What if I too could make a billion dollars by managing a hedgefund. Its like, you are making money to trade other people's money.

Its like somebody pays you money to trade. I mean, considering I would trade for free, its a steal.

(i am joking..)
 
you make it sound so simple. just remember, you are not the first person to think of this.
its not going to happen. jim cramer managed billions of dollars, but he worth only 40-50million. he's not a billionaire. there might be just one or two billionaire hedge fund managers. go to forbes.com and look at the billionaire list. only 1 or 2 hedgefund managers. you have to come up with something unique and different to be a billionaire. or invent something.

as far as borrowing 10 million, you will simply ruin yourself. what do u do right now? and where did u go to college?
 
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