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doublet83
Registered: Feb 2011
Posts: 234 |
05-29-12 05:56 PM
Quote from atticus:
OK great, so what's the point? Starting a thread about starting a fund on what is arguably neck and neck with yahoo stock chat.
What's your point? I'm just correcting something incorrect you stated that understates my draw down.
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atticus
Registered: Mar 2007
Posts: 12633 |
05-29-12 05:58 PM
Quote from doublet83:
What's your point? I'm just correcting something incorrect you stated that understates my draw down.
What was incorrect? You had not stated that you're PTT DD was 8% until after I raised the question.
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doublet83
Registered: Feb 2011
Posts: 234 |
05-29-12 05:59 PM
Quote from Busta21:
Regardless, these seem to be very solid returns, finding capital is going to be hard, I think Roberts offer with Victor Securities is a good bet, just my thoughts. That, or you can try to go wild with options trading to just build your port up yourself to a larger amount. Other than that the bickering going back and forth is just poor business.
Thanks. I don't really consider my comments here to be part of doing busineses. Just hoping I happen across some useful information in the process.
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Busta21
Registered: Aug 2010
Posts: 142 |
05-29-12 06:03 PM
Quote from doublet83:
Thanks. I don't really consider my comments here to be part of doing busineses. Just hoping I happen across some useful information in the process.
For sure, I am about the same age as you, been trading since undergrad, the story is going to be the same everywhere you go man. I've had really solid returns and its still hard to get people to pony up more than $50k. Personally, I am just trading insane r/r options trades and going in with HUGE size until my accounts are insanely large, really, that is the only sure way of getting your fund off of the ground and not relying on other people.
DM me if you care to chat more.
Good luck.
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doublet83
Registered: Feb 2011
Posts: 234 |
05-29-12 06:04 PM
Quote from atticus:
What was incorrect?
You said you don't buy my PTT was 4% when I've already said my monthly draw down was 5% and that I thought my PTT was around 8%.
Anyway I completely agree that trying to verify the veracity of my claims is a meaningless process. Would greatly appreciate if we can keep the topic on the process of setting up a structure of managing OPM. As I've stated from the very beginning, that was the whole point of this thread.
If anyone can mention some good and cheap service providers for this process that would be useful. I will probably look to go with a managed account structure.
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atticus
Registered: Mar 2007
Posts: 12633 |
05-29-12 06:06 PM
Quote from doublet83:
You said you don't buy my PTT was 4% when I've already said my monthly draw down was 5% and that I thought my PTT was around 8%.
Anyway I completely agree that trying to verify the veracity of my claims is a meaningless process. Would greatly appreciate if we can keep the topic on the process of setting up a structure of managing OPM. As I've stated from the very beginning, that was the whole point of this thread.
If anyone can mention some good and cheap service providers for this process that would be useful. I will probably look to go with a managed account structure.
No, you didn't state it until after I questioned it. As did others. You already use IB so it's not much of a headache. File an LLC and limit clients to 15 or less. Pretty simple stuff. Look up IB's documentation on "friends and family" accounts. You'll have to pay pro rates on quotes.
Honestly it seems like you're shopping your perf here, more so than looking for advice. You probably don't want to do that, especially if your success continues. If you're good enough to do 10x DD then you're smart enough to do your own research. It's not Ito's lemma.
http://www.interactivebrokers.com/e...sFamilyAccounts
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