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savagemp5
Registered: Mar 2011
Posts: 205 |
10-22-12 06:50 AM
Quote from rtiger29:
20% not enough to make a living?? But isn't that the point. If you can consistently do 20%, then you will eventually get to the point where you wont need anyone's else money, meaning you will have lots of money. I guess it depends how impatient/patient someone is. If they are willing to just keep being consistent, year after year, then they will prob never need anyone's money.
Hello. Let's say u start off with 100k. 20% is only a mere 20k. For living ?
Come to Singapore. A typical house for the norm is around 1 million, take away currencies difference. That's roughly $2000 a month or 24k a year.
100k ? Living ? Taxes ? Blackswan ?
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maler
Registered: Sep 2009
Posts: 94 |
10-22-12 07:22 PM
Nowadays 20% just allows you to keep what you have.
After taxes what you are left with barely covers inflation.
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Specterx
Registered: Dec 2007
Posts: 1126 |
10-22-12 07:53 PM
Quote from Opulence:
I'm sure that we have people on here that are successful at trading their own money and people that own successful hedge funds. But I want to hear from both sides.
I want to hear why you think owning a fund is advantageous or why you choose to trade using your own money.
It's hard to imagine why anyone who can consistently make 20% a year or more would want to start a fund. Two reasons that come to mind are as a pure ego play ("Look at me, I'm a hedge fund manager!") or as a temporary move for a few years to escape severe capital constraints. The second is reasonable, but for the first there are IMO much better ways to offset boredom.
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oldtime
Registered: Jun 2011
Posts: 7357 |
10-22-12 08:02 PM
Quote from Specterx:
It's hard to imagine why anyone who can consistently make 20% a year or more would want to start a fund. Two reasons that come to mind are as a pure ego play ("Look at me, I'm a hedge fund manager!") or as a temporary move for a few years to escape severe capital constraints. The second is reasonable, but for the first there are IMO much better ways to offset boredom.
my 90 year old mother has been in the Vanguard S&P 500 fund for the last 20 years. I think she has beat 85% of all fund managers on Wall Street. But she isn't accepting any new clients.
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marketsurfer
Registered: Apr 2002
Posts: 5440 |
10-22-12 08:05 PM
Believe it or not, there are edges that we, as retail, simply can not access regardless of the rhetoric on this site- these are real edges that only can be accessed via funds. surf
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heech
Registered: Dec 2008
Posts: 1876 |
10-22-12 08:07 PM
Quote from Specterx:
It's hard to imagine why anyone who can consistently make 20% a year or more would want to start a fund. Two reasons that come to mind are as a pure ego play ("Look at me, I'm a hedge fund manager!") or as a temporary move for a few years to escape severe capital constraints. The second is reasonable, but for the first there are IMO much better ways to offset boredom.
Neither of those two reasons apply to me.
Like I said earlier, I started a fund for two reasons:
1) to make more money (without increasing downside risk),
2) because I like building businesses.
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