Starting a small Hedge Fund??

i wish it was 125mil..

the performance is just cumulative.. so those performance stats could be misleading to someone who is clueless.

with options you can't invest your whole account so we recommend 2-5% only... and with a 60% winning percentage you have a decent chance of outperforming the S&P.

overall, this just shows i have a good grasp of finding good plays at the right time

i have to leave managing risk/exposure to individuals. i can only give recommendations... so people don't blow up their accounts in search of making a million out of 10k in 1 year.

 

Ok.
Im clueless.
Explain to me how 1400% does not mean 14-fold gross return on investment for 2007.

 

Read my book before you open your fund so you know what you're getting into--it may surprise you

 

All these sites are ripoffs. They have the same look and different urls. Even if the results aren't hypo they are exaggerated to the best possible buy and sell price. Lets say the option ticked up for one trade 25% that would be their posted sell.

Still the only way I have found to make money in the market is to teach yourself not pay someone for advice. Why do they need to collect money if they are so good anyway?

Also if you dabble in options 95% of option buyers don't make money. Besides covered calls the only options I would sell are puts with an intention to buy the stock.

Goldman for ex would have been a great stock to sell a naked put on the the month when the vix (volatility) jumped. You could have pocked $700 or so per hundred and picked up GS for 170-180 (rough numbers). That's the kind of opportunities to look for in options.

 

Sulllivan Cromwell will cost you more than that, I am afraid. If not, please pass on the name of the associate there who will.

That said, to do it "right," the OP should count on spending $30k to $50K start up, which is 0.5% of seed capital -- and thus very reasonable, in my book. Good luck. And where in Florida are you?

 

I used Turn Key Hedge Funds and they were very reasonable--cost me $12k or so to get up and running. Lots of crappy firms out there, this isn't one of them

 

Nice math. Must be the "new math" I keep hearing about. (re: theoptionsreport)

 

In addition to all the other advice, you could also consider an IB Friends & Family setup. That's super clean and simple.

Allan

 

2nd attempt asking this:

what's your background?

Which firms if any did you work for relating to finance?

What qualifies you to offer advice?

Did you back-test your technical signals? If so using what data and what platform?

 

That last post was meant for Bud Foxx, apologies