Actually several people are still positive, and some took their gains, as before this drawdown, my fund was up 70% since inception in 2003
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Will you buy timmay's hedge fund book?
- Thread starter ghostzapper
- Start date
Actually several people are still positive, and some took their gains, as before this drawdown, my fund was up 70% since inception in 2003
Quote from Brandonf:
In what way has it been a success? Is anyone who invested with you positive? If not, then the FUND has been a failure.
Why not?? didn't they get to see their hedge fund master trading their real money in real-time on TV?? How many investors in other hedge funds can say that???
Quote from quantsteve:
Timmay/Amazon Book Review(deleted 3 times):
I'm not going to keep this short, since 3 of my previous (negative) reviews were deleted (yes, deleted). Obviously someone wants to make it look like most reviews are good (cough). Whatever.
Book is boring, there are about few dozen books JUST LIKE THAT around, and most probably with more interesting stories.
With that said, the book doesn't offer anything interesting. From my point of view (which is trading, and not blogging or whatever most of these reviewers do), Tim is simply not a good trader. Rookie mistakes cost him (other people's) money, and he still has about 10-20 year to try trading before (if he does) he writes a book thats deserving from trading point of view.
Now, if you look at the book from some kind of life journey point of view, same disappontment - the writer is simply too young to deliver earth shattering stories. Ok, I live in NY and been trading for past 5 years? Only thing encouraging about the whole deal, is that found that I could probably come up with better and more interesting stories.
Maybe I could write a better book, there is hope.
Is this "factually inaccurate"?
Does this warrant removal....be honest. And don't claim he didn't read the book. You have no way of knowing that from this post other than your ego showing it as negative.
Poor, poor Piece of Shit.
I should write about Afghanistan.It would be interesting and I wouldn't have to "sell you" that I need kudos.
Quote from Trvlwanderer:
Is this "factually inaccurate"?
Does this warrant removal....be honest. And don't claim he didn't read the book. You have no way of knowing that from this post other than your ego showing it as negative.
Poor, poor Piece of Shit.
I should write about Afghanistan.It would be interesting and I wouldn't have to "sell you" that I need kudos.
Thats what I'm saying, it's no longer factually inaccurate so it's fine.
Quote from TheSorcerer:
Why not?? didn't they get to see their hedge fund master trading their real money in real-time on TV?? How many investors in other hedge funds can say that???
Once people saw T.S. manage money on TV, his hedge fund days were numbered since no new investors could trust him ....
"Risk management".......NOT.........hehehe......
Timmay, I'm curious. You have nearly 700 posts here, but as far as I can tell, not a single one directly concerning a particular stock. Surely, someone that has turned 12K into 2 MM, must have many great stock plays to comment on. Are you only interested in ET for the self promotion? Do you not have anything else to contribute to the topics discussed here at ET?
One more thing I'm curious about. You state you turned 12K into a fully audited pre-tax sum of $1.65 million from 1999 to 2002. Did you not pay taxes on the gains in 1999, 2000 and 2001? Or, is the 1.65MM after paying taxes in those years but before paying taxes in 2002? Or, to put it another way, what was the sum at the end of 2002 assuming all prior and current years' taxes were paid?
Quote from wareco:
One more thing I'm curious about. You state you turned 12K into a fully audited pre-tax sum of $1.65 million from 1999 to 2002. Did you not pay taxes on the gains in 1999, 2000 and 2001? Or, is the 1.65MM after paying taxes in those years but before paying taxes in 2002? Or, to put it another way, what was the sum at the end of 2002 assuming all prior and current years' taxes were paid?
After tax it was something like 900k. Def. paid a lot of taxes and i paid even more when I made several hundred thousand more in 2003, 2004 and 2005.
As for specific stocks, I run a private fund, I can't disclose exactly what I'm playing and how I'm playing it. But to give you an idea of the kinds of stocks I do play, take a look at JRJC, CPSL, ZVUE and SCON.
Quote from TimothySykes:
Actually Amazon released it early and has not put it in any categories yet. If it was in the "investing" category, I'd already be in the top 30 as of yesterday and top 5 for hot new finance releases. gimme a cahnce, got a long way to go...
This is what I see:
#5,443 in Books (See Bestsellers in Books)
Popular in this category: (What's this?)
#19 in Books > Business & Investing > Investing > Stocks
Sorry timmay, you did not make the top #100 in the "Investing" category. Ouch!!
http://www.amazon.com/gp/bestsellers/books/2665/ref=pd_ts_pg_1/002-6486206-3456055?ie=UTF8&pg=1