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newwurldmn
Registered: Apr 2011
Posts: 2623 |
08-19-12 05:49 PM
Quote from savagemp5:
omg as much as I didnt expected, the funds are about to flow in.
Now im like on my own. Trying to split up the large sum into Asia and US, with Asia at few of the nations.
Looking thru my 5-10 strats i wondered if I ever will touch the 12th million, or would I go crazy when the intra day NAV moving at around $100,000 to $200,000.
comments appreciated
If you aren't sure or emotionally comfortable managing that size of money, you will have problems. 15MM is different from 150k and is also different from 150MM. Each order of magnitude is an adjustment and can be very costly if you don't already have a plan.
These comments don't really inspire confidence.
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savagemp5
Registered: Mar 2011
Posts: 205 |
08-19-12 05:54 PM
Quote from etile:
lol, wonder what would happen if your limited partners knew you were posting on ET...
Well its ok, as long as i dun come here to ask for trading strategies (even if i did so and done it successfully, its also a strategy). I believe its also something new for him, hence we are exploring options.
btw he knows my capabilities, what I can and cannot do, and im upfront honest with him.
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savagemp5
Registered: Mar 2011
Posts: 205 |
08-19-12 05:57 PM
Quote from newwurldmn:
If you aren't sure or emotionally comfortable managing that size of money, you will have problems. 15MM is different from 150k and is also different from 150MM. Each order of magnitude is an adjustment and can be very costly if you don't already have a plan.
These comments don't really inspire confidence.
Yes that is why it has to be progressive. Before i touch, have access, or rather, utilise the entire 100% cash, i would hv been already comfortable with say 250k, for a year. Till all 100% or 150% margin is used up.
Then i shall look for the next 750k which shld be ready by then. IMO, the killer is the 1m to 12m mark, due to the higher amt. Which means i might need to dig into the korea, JP, HK, markets.
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savagemp5
Registered: Mar 2011
Posts: 205 |
08-19-12 06:05 PM
in response to the earlier posts... theoretically i shld own 50% of the fund as my own, so much so all decisions made by me is more of a 50/50 llp between me n m investors. But i realize most HF managers startup discussed here do not have that amt, eg. 5m sourcing for another 5m in a 10m fund.
just what i observed..
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