Starting a newsletter...

Quote from FishSauce:

My biggest problem is that I do not have credibility.

But I believe whole-heartedly in my "product." The method and analysis are very labor and capital intensive, but the output can be readily used by fiduciaries and investors alike.
The "aim" of the product is to outperform indices with minimum amount of risk. My method has successfully been backtested .

On average it is expected to outperform the S&P by 250 basis point on a risk-adjusted standard with costs and other nuances factored out. One of my "employee" used to program for a hedge fund, and they use the crude version of our "technology." In sum, they short the respective Indices and use the proceed to replicate a portfolio using this technology.

Our problem is that we're academics and have little credential and experience. How do I sidestep this?---Fish
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you will have to prove what your saying with real money. there are more financial newsletters out there than any other kind. start right here. post some live trades for a while and get a track record.
 
the best way to gain credibility is to trade your own money with your system and not just say that everything is backtested well. actual results are important to show, especially since you're not known as a trader. even the mathematicians and engineers that profess to say that they have written great systems have to show that they work in real-time and "forward-test' properly.
 
Trade your system first, preferably with cash.
Be ready to provide actual results to prospective clients, a brokerage statement, not a "Metastock" style backtest result printout.
Do not rely on backtest performance only, especially if you use "optimization".
Basically "put your own money where your mouth is", you may decide to increase your subscriber rates or abandon the project.
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If you've tied all of your money in development, then paper trade your system and post them. You might get some interest.

Eventually trading the system with real money is the best indication if the system has merit. If you can trade it with real money then you'll have a goldmine.
 
Suprised no one has asked this yet...

If you have a working/winning system, wouldn't you make more money trading the system yourself vs. selling a newsletter?
 
Thanks for replying guys. Great suggestions.

To answer the last Q's, we have been seeking to get "seed" money, i.e. try the money managing route. Needless to say, that effort has been fruitless for a variety of reasons. One prospect was very interested in our technology; however, they wanted definitive results. I just figure, that we do the same thing that MPT did.

Start a newsletter and parlay that into viable setup.

We dont have a lot of personal money, on account of our ridiculous priced education. But a crude version has already been tested (implemented) in the "real world."

1. Personal account of one of my colleague.

2. A hedge fund of a former Tufts Alumni.
 
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