4 ms·

> Since I now manage my own IRA, I get 15-20%. I hear this a lot from people who invest and I simply don't believe it. If you are able to consistently get 15-

by ProAm 9y ago

> Since I now manage my own IRA, I get 15-20%. I hear this a lot from people who invest and I simply don't believe it. If you are able to consistently get 15-20% you should stop your normal career and just become a investment advisor/broker as for you'll make WAY more money in life.

virmundi 9y ago
Don't have the money. Also, a reasonable index fund like XLS has had 13% on its own. Add to the trading oil ETNs. Those can have 10% moves on their own in a few weeks. They are also 1099.
- antisthenes 9y ago
  It's irrelevant whether you have the money. If you can consistently guarantee above average market returns to your clients, you'll be swimming in their money (and the fees/percentage they pay you to manage it)
  - derivagral 9y ago
    Realistically, nobody is going to trust a relevant amount of money to what amounts to "some guy on the street from outside the profession."
    - ProAm 9y ago
      This would be so easy to prove though, do it for a couple years with friends and family to prove you can really get 15-20% every year and the money will pour in.
      - rlanday 9y ago
        Well, not really; given enough fools who think they can successfully beat the marker, even in the absence of any actual ability to do so, some number of them will manage to for a few years by making riskier bets than would be optimal. So if someone tries to get you to invest based on their past performance, you have to consider how many people there are out there trying to beat the market to determine whether this person has any actual skill or just got lucky (and will proceed to lose a bunch of your money by making said overly risky bets).
  - deleted 9y ago
    [deleted]
pg_is_a_butt 9y ago
getting 15% on 100K is way different than getting 15% on 100M. your volume will attract HFT sharks and they'll bankrupt you. you're all idiots.
FLUX-YOU 9y ago
>you should stop your normal career and just become a investment advisor/broker as for you'll make WAY more money in life. I don't think you can just walk into a respectable brokerage firm and just apply to be an investment adviser or broker based on how well your personal portfolio does. It's probably gated by a 4 year math/science/finance degree and other extra-academic examinations. If you can, I'd like to know how. I'd much prefer finance over healthcare.
- ProAm 9y ago
  Just start small, do this for 1 or 2 friends for a few thousand dollars. If you can show this kind of return consistently you'll be managing a billion dollars in no time. 15-20% is a really good return, I still dont believe it, but if you can do this it'd be easy to take 1.5% and earn for clients.
  - FLUX-YOU 9y ago
    I guess the onus is on the length of time he means by consistent, because yeah, that could be 10 months or 10 years.
rlanday 9y ago
The most likely explanation is that virmundi is confusing profiting off the bull run of the last couple of years that's made everyone a bunch of money with actually being able to beat the market.

by ProAm 9y ago

virmundi 9y ago

Don't have the money. Also, a reasonable index fund like XLS has had 13% on its own. Add to the trading oil ETNs. Those can have 10% moves on their own in a few weeks. They are also 1099.

antisthenes 9y ago
It's irrelevant whether you have the money. If you can consistently guarantee above average market returns to your clients, you'll be swimming in their money (and the fees/percentage they pay you to manage it)
- derivagral 9y ago
  Realistically, nobody is going to trust a relevant amount of money to what amounts to "some guy on the street from outside the profession."
  - ProAm 9y ago
    This would be so easy to prove though, do it for a couple years with friends and family to prove you can really get 15-20% every year and the money will pour in.
    - rlanday 9y ago
      Well, not really; given enough fools who think they can successfully beat the marker, even in the absence of any actual ability to do so, some number of them will manage to for a few years by making riskier bets than would be optimal. So if someone tries to get you to invest based on their past performance, you have to consider how many people there are out there trying to beat the market to determine whether this person has any actual skill or just got lucky (and will proceed to lose a bunch of your money by making said overly risky bets).
- deleted 9y ago
  [deleted]

pg_is_a_butt 9y ago

getting 15% on 100K is way different than getting 15% on 100M. your volume will attract HFT sharks and they'll bankrupt you. you're all idiots.

FLUX-YOU 9y ago

>you should stop your normal career and just become a investment advisor/broker as for you'll make WAY more money in life. I don't think you can just walk into a respectable brokerage firm and just apply to be an investment adviser or broker based on how well your personal portfolio does. It's probably gated by a 4 year math/science/finance degree and other extra-academic examinations. If you can, I'd like to know how. I'd much prefer finance over healthcare.

ProAm 9y ago
Just start small, do this for 1 or 2 friends for a few thousand dollars. If you can show this kind of return consistently you'll be managing a billion dollars in no time. 15-20% is a really good return, I still dont believe it, but if you can do this it'd be easy to take 1.5% and earn for clients.
- FLUX-YOU 9y ago
  I guess the onus is on the length of time he means by consistent, because yeah, that could be 10 months or 10 years.

rlanday 9y ago

The most likely explanation is that virmundi is confusing profiting off the bull run of the last couple of years that's made everyone a bunch of money with actually being able to beat the market.