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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
by 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 agoIt'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 agoRealistically, 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 agoThis 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 agoWell, 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]