My account value reaches $600,000 for the first time; launching incubator hedge fund

and what is that number?
Thx

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I was considering to maybe using a slightly more conservative approach for the fund versus the personal account, however I am leaning strongly towards treating both accounts the same.
 
Quote from chipmunk:

-10% in one month....isn't that a bit high for a one month loss?

Just asking..correct if I am wrong.
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I am not sure I understand your question? Are you asking what’s the maximum loss I could possibly have?
 
Ghost of Cutten:
ok but the thing is you cannot crank out 30%+ EVERY Year. I have gains like 50% one year and -10% the year after etc..that avergaes around 25%-30% over a three year period. Is that what you are saying? Looks like you are saying 30% every year...which is impossible. I.M.H.O.

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If you can make 30% a year, then how on earth can a typical small fund nut stop you?
 
MONTHLY UPDATE MAY 31

• Personal account values as of today’s close was $732,387. The account value in the beginning of the 2011 was 569k, a profit of 163k year to date which is around 28.7% return year to date. Below I have also included the monthly results since I started this thread.
Value as of,
Today May 31 -$732,387.00
April 30 -$711,869.00
March 31 -$645,827.00
February 28 -$616,668.00
End of 2010 -$569K.
• Incubator hedge fund: values as of today’s close was $110,231 which is a $4,231 profit since fund inception (April 1st). (The total amount includes the 100k initial deposit plus the 3k "monthly" deposits.)Value as of April 30 was $107,030

I hope to have a longer post later today discussing some strategy additions, and plans fore the fund going forward.
 
Congratulations on your performance. Given that you appeared to have a long bias and a buy and hold type timeframe, I'm curious how you managed to turn in positive performance in March and May when the market was flat/down. Was it a matter of stock selection, short VXX (which would have been very profitable) or something else?
 
Quote from lazar206:

MONTHLY UPDATE MAY 31

• Personal account values as of today’s close was $732,387. The account value in the beginning of the 2011 was 569k, a profit of 163k year to date which is around 28.7% return year to date. Below I have also included the monthly results since I started this thread.
Value as of,
Today May 31 -$732,387.00
April 30 -$711,869.00
March 31 -$645,827.00
February 28 -$616,668.00
End of 2010 -$569K.
• Incubator hedge fund: values as of today’s close was $110,231 which is a $4,231 profit since fund inception (April 1st). (The total amount includes the 100k initial deposit plus the 3k "monthly" deposits.)Value as of April 30 was $107,030

I hope to have a longer post later today discussing some strategy additions, and plans fore the fund going forward.
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why the monthly deposits?
 
Quote from lazar206:

I reached a new milestone last week when my account value reached $600,000. I am launching an incubator hedge fund now, so if/when I decide to go for a full hedge fund I should have a track record. The initial account value of the fund will be $100,000; however I will be adding 3,000 each month. I plan on posting the returns on the fund on this thread on a monthly basis at the end of each calendar month.

Looking forward for your advice and comments.
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Congratulations on the success. However, spending more time finding a good attorney who is more than intimate with current SEC/NFA regulations with respect to what you can and most importantly, CANNOT say in public, that could be interpreted as "a solicitation" for a specific fund, based on "previously stated and/or published fund performance," would most likely be a very wise step.

In other words - one might consider spending a lot less time on EliteTrader, in favor of a lot more time on Lexis Nexis Legal Advice Forums. There are lots of people over there asking about how to properly establish a variety of Funds.
 
Quote from Veyron 16.4:

Congratulations on the success. However, spending more time finding a good attorney who is more than intimate with current SEC/NFA regulations with respect to what you can and most importantly, CANNOT say in public, that could be interpreted as "a solicitation" for a specific fund, based on "previously stated and/or published fund performance," would most likely be a very wise step.

In other words - one might consider spending a lot less time on EliteTrader, in favor of a lot more time on Lexis Nexis Legal Advice Forums. There are lots of people over there asking about how to properly establish a variety of Funds.
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Oh my, he's back. The "no risk" guy who took his DBFX account from $50k to $9k. With that performance you need not worry about any OPM entanglements.
 
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