Registered: Nov 2010
03-29-12 08:56 PM
Quote from chipmunk:
The dream of most traders is one day to become the new Gordon Gekko of trading. Managing acouple of billion $$'s....
Dream...is it possible? Has that boat sailed and long gone?
Everithing is possible just that it's much harder this days than it was few years ago
My friend is launching his own fun this month, it took a few months to carry on with all the preparations and the legal stuffs.
His fund is noting big to speak about just $7M AUM(at least that was the case the last time I've spoke to him).
At least at this stage he will be the only one responsible managing the fund, maybe in the future if he grew the fund big enough for sure he will hire extra operational staff.
Also no need for reception, meeting rooms and a dealing rooms you're not an hotel LOL...for now the reception will be the living room..... ha ha.
Now on a more serious note last thing to mention is that he was setting an offshore hedge fund, less expensive.
The one mistake that most of the people are doing is they are relying on one source without doing any extra reading, reasearch, you have to do your own homework and have to read lots of sources before making any assumption.Relying on one source is not terribly good.
Don't follow the crowd, be a leader.