Starting a fund / raising capital
- Thread starter doublet83
- Start date
Thanks for the compliment atticus but I don't think he was being rude. I didn't respond, but the fund he had mentioned to my comment wasn't the fund I was speaking about. Unforunately I don't remember much more about the fund I had mentioned.
Right away I call this B*S*: Geeps that's not doable.
-------------------------------------------------------------------------------------
2011: 87.2% return. Max drawdown (based on monthly returns) of 5.0%. Profits of 330k
2012 YTD: 36% return. Max draw down of 4.1%. Profits of 200k.
-------------------------------------------------------------------------------------
2011: 87.2% return. Max drawdown (based on monthly returns) of 5.0%. Profits of 330k
2012 YTD: 36% return. Max draw down of 4.1%. Profits of 200k.
Agree. I would avoid any merger of "social media " and hedge funds.
no wonder the regulators are having a field day.
surf
Performance Analysis
1. RAPA presents community members with mark to market ("MTM") profit and loss ("PNL") reporting including different time scale options: Daily, Weekly & Monthly.
2. Performance is presented in the style of the typical hedge fund template, with additional visual displays of drawdowns and PNL per instrument for deeper analysis.
3. RAPA provides a suite of statistical risk and performance metrics, as well as performance attribution analysis across different asset classes, e.g. options, futures, securities or FX.
4. The built-in trade database allows members to research their portfolio composition on any historic date.
5. As an analytical tool the proprietary RAPA Score⢠takes multiple factors into account and provides the community with a score out of 100 to enable comparative analysis of risk adjusted returns, taking length of return, size of assets under management as well as factoring in a aspect.
Social Media / Journal
1. A key to any successful business is a well thought out business plan; trading is no different. Each RAPA community member is given a "Wall" on which he can profile key aspects about himself and his trading strategy. This will help potential investors and community members understand more about the force behind the trader's performance numbers.
2. An important way of attracting investors is sharing your research. The RAPA portal and its social media design allow traders to post research on their wall in a seamless easy way for people to follow. To enhance this feature and provide a broader picture of the traders social media presence RAPA allows members to stream posts from other social media or blog sites into one central depository of streaming research called the "Wall".
3. Psychologists and personal development coaches are strong advocates of writing down your emotions and thoughts. As behavioural economists we have provided this journal feature as part of the RAPA experience. The RAPA journal has a default confidentially setting with some built in tools to capture mood in a quick simple way as well as attach charts for visual references. As some journal entries may have a research component; in this instance members have the ability to make these entries public, which will place them on the profile wall and will be in the journal.
4. An exciting feature of the RAPA database is its ability for members to pick out historic dates and see their journal posts as well as their portfolio composition and PNL on that date. This is a very powerful tool for identifying trends in trading behaviour as they may relate to mood and other well researched behavioural biases. It also provides an excellent tool for researching a traders strengths and weaknesses with the benefit of hindsight.
5. The social media aspect of the RAPA portal enables the community to communicate with one another using the latest instant messaging technology.
You can make a lot of money. The leverage and the compounding you get to your performance is huge with little to no downside exposure.
What trader worth his salt doesn't see that risk reward?
Great year so far. Made 860k representing 150% return.
I am quite concerned with taxes next year. Federal tax rates going up. Medicare taxes will now be on unearned income as well when previously they were just on earned income and the rate is going up too. New Obamacare tax on investment income. So for a trader based in NYC, it seems like your marginal tax rate will be about 59%. I'm all for taxing the rich, but 59%..Christ.
Federal 39.6%
NY 6.9%
NYC 3.6%
SS 10.4% up to 100k 1.4%
Medicare 3.8%
Obamacare tax 3.8%
59.1%
Am I misunderstanding something here? It seems like my marginal tax rate will be going up 14% because previously I was not subject to SS tax, Medicare tax, and Obamacare, along with the lower federal tax rate.
I am quite concerned with taxes next year. Federal tax rates going up. Medicare taxes will now be on unearned income as well when previously they were just on earned income and the rate is going up too. New Obamacare tax on investment income. So for a trader based in NYC, it seems like your marginal tax rate will be about 59%. I'm all for taxing the rich, but 59%..Christ.
Federal 39.6%
NY 6.9%
NYC 3.6%
SS 10.4% up to 100k 1.4%
Medicare 3.8%
Obamacare tax 3.8%
59.1%
Am I misunderstanding something here? It seems like my marginal tax rate will be going up 14% because previously I was not subject to SS tax, Medicare tax, and Obamacare, along with the lower federal tax rate.