Is 10% of profit enough

[viruscore1]

Would you manage my money for me with the same arrangement: 60/40 upside, with limited down side of no more than 10%?
Question: What adjustment do you offer if and when down side is > 10%?

Sure, It is 10% of profit, no downside protection. That is your responsibility, no guarantees like everyone else. Send 100k to start.

 

[sss12]

About 10 year ago i managed about 100k for non family.

It was 60/40 profit split. (40% to me).

Down side risk to them was limited as i started off betting very small like 0.5% risk and increased risk only when account was in profit. Max loss on starting capital was set at 10%.

So they had limited downside and unlimited upside.

I made about 100% total for them over 3 years (ie 30% a year), that was net to them after i took out my 40% share.

Everyone should have been happy but you can bet they weren't.

They always bitched i was taking too much and when i ended it after 3 years they bitched that i had used them to build my own trading pot and i didnt need them anymore, which wasn't the case at all.

Sounds like a pretty good deal...for YOU !

 

[viruscore1]

Sounds like a pretty good deal...for YOU !

The pro's charge them 20%, that's their current deal with financial advisor, annual return about 6%. I've been mentoring them on my trading system for years, on and off, they see my returns are more than triple what the advisor pays them. They came up 10% of profit, I just trade their account for them, duplicating my personal trades. They understand my system and trades, but afraid to trade on their own. We see it as win win. I'm not altering my life from the extra proceeds lol.

 

[sss12]

The pro's charge them 20%, that's their current deal with financial advisor, annual return about 6%. I've been mentoring them on my trading system for years, on and off, they see my returns are more than triple what the advisor pays them. They came up 10% of profit, I just trade their account for them, duplicating my personal trades. They understand my system and trades, but afraid to trade on their own. We see it as win win. I'm not altering my life from the extra proceeds lol.

I was responding to Millionaire's quote of 60/40 split.

 

[JackRab]

I was responding to Millionaire's quote of 60/40 split.

Yeah, that split doesn't make any sense... seems like the Millionaire's family doesn't know the law of the land in this...

 

[ironchef]

Sure, It is 10% of profit, no downside protection. That is your responsibility, no guarantees like everyone else. Send 100k to start.

I thought he said he took care of down side for his investors? No losses over 10%.

 

[rb7]

I have done it once. I was taking nothing for the first 20% of profit, and 50% after that, +2% flat annual fee.

 

[MarkBrown]

i got 1% of 5% once and made alot of money, was pretty happy. but we were throwing 1500 large sp's back in the $500 a point days.

 

[henry76]

lylec , if I were you I'd take 10%, if your successful more will come of it , easy to ask 20% when you've made them a ton, and probably more people funds come your way , better to start today and small than hang put for a load that may never materialise,plus you can front run these trades a little too.

 

[d08]

Ouch. I guess that's why all the hugely successful funds make their strategies public or sell it for $9.95 or whatever. Oh wait, that's not reality.
If you want to "share your success", you should offer it for free. The fact that you have to ask for small amounts of money from strangers means you're not truly successful. Simple logic, a guy worth $10 million will not bother getting "subscribers" for a few thousand a month.

And he deleted his comment once more, it appears. My reply was to him saying that "successful people share their success" and that's why I will never be successful.