What do u think about my returns on the market, Sucessful Hedge fund founder a possibility?
Well I started learning how to invest in the stock market around August of last year. Since august I managed to make 600+ every month with about 5000-8000 invested and currently im getting good to the point that I can make that in a couple days while im in school but I keep in my mind 600 is my goal every month so I stop as soon as I hit that mark. Also My last two trades this month amounted to 7.98%.
Now that Ive tolded you about my past performance Do u think I could start a Sucessful hedge fund?? Is my performance good?? I was also thinking about joining that Portfolio Challenge but I see the returns on the winners and they kind of embarrass me lol some of there returns are like 90% in a week
What do you think I can do with my Future??
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about 1 year ago
In 10 months you made about $6000 on about $7500. That is an unbelievably good rate of return. You got lucky.
Don’t worry about the guys who win the contests. They enter 50 times and do ridiculous strategies . . . one of which gets lucky.
I think you have a good future. Now stop trading and do your homework, go to college, get great grades, and join a big investment firm who will train you. You will know when you are ready to start a hedge fund. I sense you’re not quite ready yet.
Good Luck!
about 1 year ago
well in all honesty 7.98 is nothing. I even beat that with my investments. and hedge fund managers will simply laugh at you they deal in MILLIONS and know more tricks than Cramer mentions on his show. But its not bad keep it going and you really need to get in on an internship somewhere if you are that serious.
about 1 year ago
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about 1 year ago
Just like a sailor can only make Captain after being through all possible weathers, a hedge fund manager like me needs to have been through all kinds of up and down markets and still make a profit to survive. I have been through all kinds of market conditions over the past 10 years and still make a consistent profit. Only when you have another 10 years behind your ears can you start thinking big like that.
I used to have friends like yourself who think they are God of the market just because they turned a profit for a few weeks. They took in loans and mustered a fund thinking they are now fund managers and then the market condition changes and all of them went broke and in serious debt…. you want to be in that league?
Read about how I went from completely broke to successful fund manager at http://www.mastersoequity.com
about 1 year ago
You and me are a somewhat in the same situation- or at least, i was there a couple years ago. I tell you what- if you’re really interested in knowing how to break into the business, email me @ “rthorneindustries@yahoo.com”. I might be able to help you out with some advice. Are you up for a friendly paper trading challenge to compare returns? Let me know. – Chris
about 1 year ago
Unforetuneately I don’t beleive your story.
But anyway , if it was true, it won’t last and you will be broke.
about 1 year ago
Here’s my take. The market is completely irrational at this point, reaching new highs left and right which is completely in the face of the economic data. Anyone can make profits when the market is just going up and up and up. If you really think you have what it takes then the next bear market will determine that. If you are still making your returns in the down market then you will be better off than most investors..
Hedge funds use very sophisticated strategies to amplify gains such as leverage and options. It’s going to take a long time to be experienced enough to take other peoples money and make those sort of trades. A successful hedge fund is not just going to take obscene risks in the hope of explosive gains. Risk adjusted returns are a big part of staying around long enough to reach the top.
Anyone can fully leverage a portfolio on something speculative and hit it sometimes. Give it a few years, complete your education and if you are still interested you can start at the bottom of a hedge fund and earn your way to the top. Your goal shouldn’t be managing a hedge fund for 3 months but making it a career.
Rome wasn’t built in a day and neither are good managers.