4 ms·
some red flag: 1. if you're making 600% annualized you don't take outside investors, you prop trade for your own account. 2. He's very young and didn't have a
by smabie 5y ago
some red flag:
1. if you're making 600% annualized you don't take outside investors, you prop trade for your own account.
2. He's very young and didn't have any trading pedigree: normally you would expect someone like this to be ex-js/citsec/etc
3. Sometimes lavish life style can be a give away: often the real rain makers are pretty frugal.
4. Related to 2, but if you're gonna take outside investors for some reason and you're printing like that, you sure as hell aren't gonna take it from random individual. You would raise money from one or a couple big firms or possibly a ultra hnw individual.
- mmmmkay 5y agoI've been beating the market for a few years now (not 600% annualized of course). It's harder to find capital than you think it is. But, then again, I guess you're right. In order to consistently beat the market I've focused on beating the market and not trying to raise funds, so maybe that's why I've been able to do it. Kind of a catch-22.
- smabie 5y agoYeah it really depends on the asset class. A buddy of mine runs a small LS equity fund and it's been hard for him to grow his aum, even though he's been producing at least 5% alpha annualized for over 5 years. On the other end of the spectrum is crypto, in which it is frighteningly easy to raise >10 figures at the snap of your fingers.
- andreareina 5y agoThe 600% annualized is an important part of that: if you started with $1000 you'd need only four years to hit a million. Four more and it's a billion.