Quote from inandlong:
Well jack rabid.... you are half right.
Surf' made me angry with his tactless reply. I had supported him previously regardless of how I felt about what he was saying. Sometimes that support came in the fashion of ignoring his comments, ie., remaining silent. Sometimes being "direct" as he called it, 'burns bridges', as I called it. The funny part was when his wife Ginger came to his defense. But that whole event was coincidental to my giving up being a moderator.
I have taken on the management of a portfolio with a value of almost 9MM dollars. Seventy percent is in tax free munis so it is a lot of admin work, but the other 30% is cash and stocks, and I have the privilege of trading it. Also, in three years, another 4MM will be added, and 4MM more every two years after that until 2014. It's a nice deal for me, yet the time it takes to do the work and trade my own account does not allow me the time to do the job of moderator the way I think it needs to be done. Btw, the portfolio is that of a family friend, so I am not soliciting accounts or running a fund. Just doing the work and making the trades.
Interestingly, I was going to put 30% of the non-bond portion of the portfolio with surf's fund. I know he needs the seed money, and there is a guaranteed cap to the loss, and as he has stated on more than one occasion on the boards, he trades similarly to me. And I trust me more than anyone else.
Alas, that bridge was burned. That's okay though. I'm sure he will be successful anyway. I think surf lives in an upscale neighborhood, I live in an average one. I'm sure he drives nice cars, I drive average ones. I save a lot of money and have a very fat bank account and personal trading account. I can't speak to that matter for surf'.
So you see jack rabid, you are half right. Yeah, I was very angry with surf', but greater responsibility forced me to give up the privilege of being a moderator. Don't let your worship of marketsurfer as dictated by your early posts blind your vision or cloud your judgement... and you will improve your deductive reasoning skills substantially.
Happy Thanksgiving!