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 Fallacy about long fund, hedge fund & fund manager, 90% fund managers do worst than you!

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secretsquirrel
post May 15 2009, 01:03 PM

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Dreamer

Maybe he is trying to share insight so that everyone will stop falling into traps of other FM/investment traps... instead of trying to beat anyone in the forum. Maybe he means for good, maybe everyone can lower their guards and give him more room to tell us more about his ideas, maybe.

SS

This post has been edited by secretsquirrel: May 15 2009, 01:05 PM
secretsquirrel
post May 18 2009, 02:30 PM

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QUOTE(dreamer101 @ May 15 2009, 03:34 PM)
secretsquirrel,

So, tell me, what USEFUL investment information that he had shared??

My POINT which is VERY SIMPLE.  Most normal human beings are not PROFESSIONAL stock traders.  So, they NEED an investment strategy that works aka they can sleep for 5 years and it will be okay.  Anything less than that, it will require TOO MUCH monitoring and it will not work for normal people.

Dreamer
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Dreamer - he MAY not HAVE shared any practical useful investment information yet but if we give more rooms to others may HE may be able to share some insights for us, who knows?! I agree with you that we are not doing good in our investment skills, and thats exactly why he comes in as he claims that he wishes to share with us some insights? Shall we all keep quiet and talk about whatever he brought up only? Im Not talking about you, but some others responses are plain rubbish and deserved to be warned. Talking about the fallace of FM, I personally think there are fallace of FM interpersonal personalities as well - they are lacking of marketing and interpersonal skills.


Added on May 18, 2009, 3:02 pm
QUOTE(cherroy @ May 15 2009, 04:00 PM)
Yup, exactly.
Recent financial crisis exposed this issue as well, as some fund managers do get bonus over the performance, it just means encourage excessive risk taking.

There are 2 scenario

a) If you (fund managers) take money from client, while you view market is going to go down, you opt to stay with cash, not investing. If turnout you are right, you earn nothing. Your clients won't appreciated much even you don't lose money while counterpart or generally market are losing.
But if you are wrong, you will be screwed big time, potential losing your job as you did a lousy job.

b) If you fully invested and taking excessive risk and bet on the upside, if turn out you are right, you get big fat bonus.
If wrong, then lose the client's money only, you lose nothing. While just inform the clients, your fund is performing as par with the generally market (lose 30% or 50%).

So which one you choose?
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These discussion has no purpose at all. No FM will guarantee you a percentage of return nor they should. It was the marketing tactic or the boss/owner of the fund to have done that. The promises was made by the FM as an additional job in his job designation. A FM is a manager to be fully responsible for investment the FUND (billions of USD that we are talking about) into diff products with his own skills and experiences, it is like predicting the weather - no matter how advance science we have now, but we still gets lots of unpredicatable earthquakes? why?
It is too innocent to take the promises of x % of return within y months. However, on the safe side, two can always draw a line of boundary by not losing z percentage of the investment or it has to be refunded in full.


Added on May 18, 2009, 3:42 pm
QUOTE(dreamer101 @ May 16 2009, 08:40 AM)
My goal is to get market return by using INDEX FUND.  So, I am NOT putting my money into fund manager's hand except for a small portion in VWELX.


Dreamer

Thats exactly why we should listen to the sharing of a FM who claims to be the very special 5% who is winning with ability and skills. And I really dont think you should spite him away just bcos u lost half of your assets before in stocks although i echo to chinese proverb: one day being bitten by snack, a whole life fear of grass.

Talking about gambling and investing, i think the difference is that gambling is going all with courage without blind faith, whereas investing are talking about skills and experiences.


Added on May 19, 2009, 11:04 am
QUOTE(thy1986 @ May 17 2009, 03:00 PM)
TS, i hope u understand tht not everyone is as good as u in the finance market... hence they need a pro to help them to invest...
ur statement is more likely to ask everyone to fix their own tv; but the truth is not everyone noe how to do it... (how many uncle and auntie out there noe how to read annual report and caculate ratio???)
QUOTE(Kinitos @ May 17 2009, 06:01 PM)
the problems now is all the forumers thinks this guy is a fake.


thy1986 - i think you havent read TS properly from his pov. Be he is a fake or not, we decide later, but i think he has been trying to share with us that 90% of how other FM has been failing and how and why. He also understands that most of us DO NOT have the skills and experiences as most FM, thats why he came in. It is alright we still need a pro to help us, so while we choose a pro, make sure WE KNOW WHAT WE CHOOSE, i guess thats what he has been trying to tell us.

I think his statement is not about telling others to fix their own tv, but with the sharing he has, everyone should LEARN of how to fix or even when you hire someone to do so, not just shut off the eyes and wait for the luck falling from sky, but at the same time monitoring with HIS sharing.

TS - Im not defending you but being in LYN for a long time I know generally LYN-ians only choose to read what they WANT to read instead of reading from a larger view.

thy1986 - your sharing below is great for TS. I believe TS is someone lacking of interpersonal skills or planning on how to share his idea. Let's give him more time and room, shall we?

QUOTE

anyway i believe as a fund manager, ur client will tell u their risk preference... those wif extra money they don mind invest in a risky stock...
on the other hand, those wif little money, i believe they also don hope to earn big bucks but at least a better return then just put the money in the bank to earn interest....

anyway most of the fund managers did not enclosure all the information that you(client) need to know... this is not ethical but still everyone is doing so..

it will be more useful if u can write down some steps on how to identify bad fund manager or how to read annual report etc.... rather than ask ppl don play if they don noe how to play in the finance market... from the 1st post until now u did not mention anything at all but keep on bashing... ur words do giv ppl a wrong idea, if u don noe how to invest in the stock market don invest at all. put in the bank and die with ur money...
there is a high chance  of getting HIV if u sleep wif different partners every night, but ppl still do so... wat u can do is educate them and not asking them stop having sex...
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This post has been edited by secretsquirrel: May 19 2009, 11:04 AM
secretsquirrel
post May 27 2009, 10:08 AM

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[quote=henry_swk,May 23 2009, 07:04 PM]warning for all the people here, be very careful what some people says here... I ASKED A VERY SIMPLE QUESTION, and he/she dont want to answer.


I know http://www.taifook.com would trade HS, if thats what u want to know. Or simply make good use of your COMPUTER to search it on your own, if thats all u want to know.

I see u as someone without manner cos u expose PERSONAL MESSAGE. It is horrible.

This post has been edited by secretsquirrel: May 27 2009, 10:16 AM
secretsquirrel
post May 27 2009, 12:53 PM

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QUOTE(aichiban @ May 27 2009, 12:38 PM)
Is this a "see im right, dont trust others" thread?
Coz its the trend here

Everyone make a good call once in a while, same goes for bad ones
I dont see the need of boasting when u make a few good calls
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I dont know yet, might not have to see it this way yet, Since im a kepo, and one would strive to keep/get as much $ as possible, i see it as an opportunity to learn more by waiting patience for what TS has been trying to share.... which is None so far...


Added on May 27, 2009, 1:01 pm
QUOTE(henry_swk @ May 27 2009, 12:31 PM)
refer post #78

your question : 2) Whether he knows (1) or not, what has it got to do with you?, so are you saying rockcrawler does not want to tell me which broker he/she use? if thats the case, then whats the point telling everyone in this forum, how much he/she has made money from Hang Seng, when to buy/sell Hang seng and yet cannot tell people which broker he/she use?

and im warning publicly to all people here because since rockcrawler told me has more than 10 years of experience in Hang Seng, then naturally i would try to ask more information about market he trade, what i can learn from him/her and stuff. yet he/she doesnt want to reply my private message (refer #68). you call this man/woman is either talk cock or potential con man on the net? and i never ask any personal question from him/her either..  laugh.gif
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Henry - u may remain in any status u like, but attacking other as a first move is always a bad move.

No, i didnt say he 'does not want to tell you which broker he uses', i only say he might not wish to tell anything beyond what he has told us/u in pm. Thats a way we should remain open minded in order to absorb more... no?

I dont know what is the point he is telling how much he has been earning, i guess it is a way he tried to proof he is right in his judgement? we need to read his 2nd and 3rd episode before we can judge if he is right or not....

He doesnt reply your #68 HAS NOTHING to do you to continue learning from his 10yrs of experience. U can still try to learn from him, if u can lower your guard and be a little patience. U dont have to jump into a conclusion by calling other names...

I have been working with MANY Fund Managers before and they are relatively too focus on the trades and needing a big space to stress out, than other workaholics. I tend to stand on the fend of TS cos i think he might have SOMETHING to tell us. If he just end up as a jerk, I'd conclude i have wasted my time like i have wasted it on reading /k/

Peace

This post has been edited by secretsquirrel: May 27 2009, 01:01 PM
secretsquirrel
post May 27 2009, 01:30 PM

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QUOTE(henry_swk @ May 27 2009, 01:22 PM)
can u recommend me to trade big money? i'll give you US$1million every year as commision. and fyi.. its hard to find good broker with ability to trade huge lot size.  laugh.gif
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Thats exactly why we are here waiting like an idiot for TS to show himself again.
secretsquirrel
post May 28 2009, 08:12 AM

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Henry and I were here for fun. Please ignore us. We are good friends within PMs smile.gif TS might not have a big contributions yet, but your point to strike him as EVERYTHING IS WRONG has been a weak point unless u can beat him completely with some other points

 

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