Comments on: Response to Series 65 Comment

By: mule65

mule65 — Mon, 25 May 2009 23:13:06 +0000

Alex, I considered running a hedge fund but decided to manage my portfolio to prove my strategy. But, I haven’t found a safe and consistent way to make over 20% so that idea is on hold. Regardless, you’ll be a better trader for trying so it’s a worthy goal. Good luck and keep us posted!

-Mule

By: Alex Fotopoulos

Alex Fotopoulos — Sun, 24 May 2009 12:24:52 +0000

Thanks Zino. I think the type of advisor with $500M or even $100 million under management can’t spend time managing his clients’ accounts. That’s more of a salesperson. I’m setting my goals much lower and like to think I’ll cut off new clients once I hit $15-20M under management. It could even be lower.
Part of the drive for me is to have more time with taking care of my family so my wife can continue in her career she’s doing well in. She already out earns me, so I don’t have to make a killing. We’ll see if I can actually get to $10M, if I’m really adding value and then how I deal with slowing it down after that. I definately don’t want $500M to manage, I’d rather have a life.

By: zino

zino — Sun, 24 May 2009 01:50:59 +0000

Thanks for the response Alex… I understand your motivation, but I will have to say, that I don’t think much of Investment advisor / financial advisors for some of the reasons you cited above. So I was surprised that you want to join their ranks. But I like your blog, its well organized and I subscribe to it, although I don’t follow it much (not much time, to much golf). For the record, roughly 10 years ago, I split my money in half, 1/2 I managed and the other half I let a profesional manager with $500M under management (i.e., a succesfull financial advisor)… I beleive I am just now back to break even with his half… Needless to say I beat him soundly, its not even a contest…
Good luck on your new venture.
best,
zino