when the best of the hedge funds are having to liquidate do you really think it will be easy to convince strangers to take a chance on you?are you naive?
you decide yo would like to manage money
- Thread starter chipmunk
- Start date
If your returns are not audited for 5 years, then you are starting with nothing. People don't give $300,000 to be managed by someone like that. You need to get AUDITED returns for a couple of years first, and your system statistics need to be god. They are also not interested in low Sharpes and high drawdowns.
For example, you did not list your max DDs. Without that, you did NOT make 26% return. Ir is Risk-adjusted return. Without giving the risk amount (DDs), you do not hvae a return of any value. Were you down 10% or more a couple of time? 25%? 60%? Blow out an accuont?
You are missing all the critical info and all the proof. This is what you first need to solve.
Without this, I wouldn't even invest $500 with my closest family members.
You typically need to do an incubator fund and get an audit before you can start a full-fledged fund but if you know a few investors who are willing to invest with you without all that stuff then that is your start. Has anyone ever asked you to trade money for them? If so you have one investor. It takes a while to start a fund but once you make someone a few bucks word travels fast. Everybody knows someone and investments is basically all people talk about at cocktail parties. Go print some business cards, make someone some money and send them your card.
This is true to a point but if you can demonstrate you have been able to navigate this market you will get investors. The funny thing is, 99% of investors are fed up with their manager and don't have a clue how to make money on their own so if they find someone who is trading this market well they will gravitate toward you. It's huge feather in your cap if you're profitable through all this.
Nobody in their right mind would give you any money.
Ummmmmmmmmmm Idiot. This was the title of your thread, "you decide yo would like to manage money"
also....it's not "No what?"
it is...."Know what?"
...and Know what?....nobody is going to give you money to manage.....because you are an idiot.
also....it's not "No what?"
it is...."Know what?"
...and Know what?....nobody is going to give you money to manage.....because you are an idiot.
You will need to take small accounts and make it worth it. No one is going to throw $100K+ in your direction if you only have $150K. Or very few people. Take small accounts, grow them and your clients will a) spread the word and b) bring in more money when they see results.
You haven't addressed the issue of the drawdown. 26% per year is great, but meaningless if not explained in detail in regards to DD, Sharpe ratio etc.
So true. All I could think of was:
So innocent...
So clueless...
So lost...
So out of place...
So misinformed...
So new...
So bumbling...
So hopeless...
So hapless...
So where do I send a check for $1 million so I can get started? I am convinced...
