The top 3 guys who make over 1 million a year at my firm...

Quote from Maverick74:

Don, how about this for new traders. How about no licenses. Say they put up 50k, we'll give them 2.5 million in buying power (to use not abuse of course). No restrictions on shorting. We won't charge them a penny for the capital. In fact, we may even pay them interest (albeit very little). No software fees, no extra capital charges. They can also trade around the clock. What else. I don't know a free t-shirt, maybe a coffee mug? What do you think? :)
More...

When was using a margin giving someone something?
 
Quote from Swan Noir:


Earning nickles and dimes instead of buckets of folding money is the real cost in life. Pay up if it allows you to earn.
More...

This is actually a good post, and it the type of rare things where I would pay up! There has been actually a trade I thought of that was essentially an arb based on that principle. The issue was to be sure not to get kicked out before a due date. I doubt prop firms would guarantee me the not kick out thing.
 
Quote from Don Bright:

Just to show actual numbers, nowhere near what's being quoted here...(I have not read the whole thread, just saw these "interest" numbers).

Say you put up $50K, we offer you 6 times that with no "haircut" or risk fee (you will pa Goldman a very small amount).

That's $300K total.

Then, if you need or want more capital to use, you can get between 6-10 times your equity for 2% per year, so essentially you're using 10 times your equity for less than 1% per year to us, and about 2% to GS (it varies of course).

Just some facts, just trying to help.

Happy Holidays everyone!!

Don
More...

How about if I were to pay you zero if I lose, but I pay you DOUBLE the interest if I were to win. You see, I would be generous, I would pay you TWICE what you want. If you find this deal not fair, why should I view your deal as better?
 
Quote from tradingjournals:

How about if I were to pay you zero if I lose, but I pay you DOUBLE the interest if I win. You see, I would be generous, I pay you TWICE what you want. If you find this deal not acceptable, that is how the other side thinks.
More...

That concept of shared risk is something you'll find in Islamic banking. London launched some Sharia compliant bonds recently and I was reading a bit about this stuff.

For me, I'll stick to interest. Keep it simple and all that.
 
Quote from Don Bright:

(you will pa Goldman a very small amount).

That's $300K total.


More...

Goldman views one red cent as worth to collect, or the average people view 10% a little. Note that with an interest rate at say 0.50%: 10% is a 20 times profit margin.

In % the margin is: 2000%! Where in the world could I have a business with a 2000% margin?
 
Quote from justrading:

That concept of shared risk is something you'll find in Islamic banking. London launched some Sharia compliant bonds recently and I was reading a bit about this stuff.

For me, I'll stick to interest. Keep it simple and all that.
More...

How does it work? Is there a link? Maybe they are just bypassing the interest and using put-call parity. I read an article from a lawyer once, and he explained how those islamic loans work. They are also sharks as anyone else. They should be closed for intellectual dishonesty. The whole finance is based on interest, because it is easy money.

So if london is doing it, I hope it is not just to put interest in the back office via put-call parity, and post in the front office the no-interest deal to the 1.7 billion muslims. The British know how to monetize religion.
 
Don.. i'll ask a serious question... so if someone has $100K (for round numbers purpose)... are you saying that one can basically leverage up to $1.2MM Notional overnight?

Quote from Don Bright:

Just to show actual numbers, nowhere near what's being quoted here...(I have not read the whole thread, just saw these "interest" numbers).

Say you put up $50K, we offer you 6 times that with no "haircut" or risk fee (you will pa Goldman a very small amount).

That's $300K total.

Then, if you need or want more capital to use, you can get between 6-10 times your equity for 2% per year, so essentially you're using 10 times your equity for less than 1% per year to us, and about 2% to GS (it varies of course).

Just some facts, just trying to help.

Happy Holidays everyone!!

Don
More...
 
Quote from tradingjournals:

How does it work? Is there a link? Maybe they are just bypassing the interest and using put-call parity. I read an article from a lawyer once, and he explained how those islamic loans work. They are also sharks as anyone else. They should be closed for intellectual dishonesty. The whole finance is based on interest, because it is easy money.
More...

Perhaps I'm a cynic but at the end of the day, never mind the mumbo jumbo, I visualise a guy with a calculator working out how many percent they get.

http://www.ft.com/intl/cms/s/0/4f2e...44feabdc0.html?siteedition=intl#axzz2ltIzsSjc

http://en.wikipedia.org/wiki/Sukuk
 
Quote from ofthomas:

Don.. i'll ask a serious question... so if someone has $100K (for round numbers purpose)... are you saying that one can basically leverage up to $1.2MM Notional overnight?
More...

Notice that the formulation of your question can get yes as answer even if one were to give only 0.01 dollar as leverage. There is a free option to the other side when you use the keywords: "Up To".

My question would be: could you go beyond 1.2MM, and if yes what are the condition you cannot do it.

PS: " i'll ask a serious question." I usually read that as if myself am asking stupid questions, but I think ofthomas is a nice and good person, and does not mean that.
 
Quote from tradingjournals:

JT: are you working for FT? Then send straight to the article, why to a landing page with full list of articles and ads and all that useless stuff.
More...

LOL, I'm registered for the site so I get straight to the article, and I did test the link.

Here, try clicking on the Google link and see if you get through at least the first time. Else register for free.

https://www.google.co.uk/search?q=f...onds&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari
 
You must log in or register to reply here.
Back
Top