Will you buy timmay's hedge fund book?

[bontrjd]

I hope everyone on ET that reads your book and hates it leaves you a 1 star review on amazon to repay you for your continual spamming on this forum.

 

[TimothySykes]

Quote from bontrjd:

I hope everyone on ET that reads your book and hates it leaves you a 1 star review on amazon to repay you for your continual spamming on this forum.

Hahaha continual spamming---it's called getting the word out about my book! It's got a great message and i'm gonna make sure as many people know about it as possible. If you'd just give me a chance, you'd understand, but since you won't---stop posting on this thread if you don't want to see my message any more!

 

[jd1028]

they also called u a laughing stock--lol

 

[TimothySykes]

Quote from Bob Rowshan:

Yes, I suppose i'm stupid for believing in the veracity of Amazon.com and their ratings system over you.

It is you Tim who is mistaken. your book is #9,945 EXACTLY in amazon.com sales ranking as of 5pm sunday. Their rankings are exact, your pathetic spin on it isn't.

I would have been the 1st one to congratulate you if your book sold well, but #9,945 is not good, and is definitely not "best seller" territory. Give it up.

Let me clarify for you one more time, I'm in the Amazon system, but not in ANY CATEGORIES WHATSOEVER YET. You know what, don't worry about it for now---10k isn't that bad when there's 4 million books out there and I haven't even ramped up the press yet. Talk to me in a month or two, then we'll see if I can do any better.

 

[TimothySykes]

Quote from jd1028:

they also called u a laughing stock--lol

Stop making me repeat myself, I could care less what people think of me---as long as I'm entertaining and helpful enough to get more people into this game, then I'm a happy guy.

 

[jd1028]

the only thing u r is entertaining-and not for the reasons u think

 

[TimothySykes]

Quote from jd1028:

the only thing u r is entertaining-and not for the reasons u think

Alright man, then you answer all my daily emails from people who want to know more about trading and hedge funds. You might not be responsive to my mission, but hey, you can't make everybody like you so go away if you don't like what I have to say.

 

[Bob Rowshan]

Quote from TimothySykes:

You know what, don't worry about it for now---10k isn't that bad when there's 4 million books out there and I haven't even ramped up the press yet. Talk to me in a month or two, then we'll see if I can do any better.

Yeah sure Tim, you will be the first person in the history of books, movies etc to see their ranking go higher after the whirlwind preceding and following a release.

Face the ugly cold reality, you pumped and pimped for months, and you're #9,945 and that number will go LOWER over time now that the book is out.

ps think about what the ranking would really be if you didn't already order 100's of books for yourself!!

 

[TimothySykes]

Quote from Bob Rowshan:

Yeah sure Tim, you will be the first person in the history of books, movies etc to see their ranking go higher after the whirlwind preceding a release.

Face the ugly cold reality, you pumped and pimped for months, and you're #9,945 and that number will go LOWER over time now that the book is out.

ps think about what the ranking would really be if you didn't already order 100's of books for yourself!!

I haven't ordered one copy for myself--I love how you think I'm crafting some kind of conspiracy here. Seriously, man don't have any offspring, the world is full of enough assholes.

 

[slacker]

One of my favorite quotes from the book:

"Sure, I'd read about the restrictions placed on hedge funds before,....I didn't bother creating any password-protected website because it wouldn't have been cost-effective for me at this point..." p117

Some information on creating a hedge fund can be found at: http://www.greencompany.com/HedgeFunds/StartingAHedgeFund.shtml

Once you start a hedge fund, you would like to be able to tell the world that you have a fund and that you can start accepting investors. If you do that, you eliminate your exemption from registration under the Investment Advisers act. Hedge funds should be sold to friends, business associates and people that you meet in your everyday activities.

Under the rules, you cannot get up in a group setting and announce to everyone in the group that you have a hedge fund and can accept investments. You cannot place an ad in the phone book talking either about your hedge fund or your investment adviser services. You cannot have business cards that say investment adviser on them. You cannot let it generally be known that you are accepting new investors.

All of these rules make it difficult to find prospective investors. Again, they are intended to. The objective of the regulators is to restrict the investments in hedge funds to those individuals that are knowledgeable and understand the risks.

The only way to market your fund is via word-of-mouth to those individuals who you believe are already qualified to be investors. Understanding these restrictions needs to be an important part of your business plan. You want to make sure you are going to be able to attract enough investors to cover your expenses and earn a reasonable living for your trouble.

As far as advertising, there are more restrictions. You cannot do a one-page summary of your offering documents. You shouldn't give out a chart of your performance results. Your offering documents must stand "on their own" - i.e., no embellishment. No other material can support your securities offering - no slick folder, no charts, no cover letter. Again, this makes the marketing process difficult, but that is part of the barrier to entry. (Plus, we don't want your less-savvy investors to think that the chart represents some rate of return that is guaranteed to be achieved in the future.)

You can create a web site for your hedge fund, but prospective investors should only be allowed to see the front cover page. All other content should be password-protected. You can ask prospective investors to fill out a form and provide you with information that would help you determine whether they are valid prospective investors. If you gain an understanding of their financial situation and then allow them password access to your web site, you are complying with the rules. You can also choose to use the web site to provide your investors with updated information as to the fund performance. But you need to be careful to ensure that you are not using the web site to advertise the existence of the fund.

Part of the value of setting up a hedge fund is that it serves to protect your personal assets. You want to make sure that you follow these marketing and advertising rules to maximize your protection from malicious lawsuits. We see lots of situation where hedge funds are being more aggressive in marketing and advertising than we believe they should. Be very careful in this area.

Not only has Timmay not followed the SEC regulations governing hedge funds he makes a point saying that he is above the reach of regulators and that rules do not apply to him.

Timmay has decided to publish performance figures but the performance figures that are released are incomplete.

I would add that Timmay's current ET 'attention marketing' bitz is at odds with the above description of what one can do to attract investors. This blitz is hardly the 'word-of-mouth to individuals you believe are already qualified to be investors' guide required by the SEC.

My guess is that this book is not complete yet; and Timmay may have more serious 'tales of woe' and new lessons to instruct younger traders.

The good news is that 'print on demand' books can be extended easily to include a new chapter.

Stay tuned!!! One more asshole signing in!!!