I invest in all sorts of shit. Local business. I do rehab's then hold long term (I don't care about fast money from realestate). I day trade stocks as well and hold long term on those also. Pretty much anything that makes good money I do.
Investing Profits
- Thread starter Chrisvon637
- Start date
I fail to see the distinction. "Actual data feed" is the same as advice.. even worse if you are going to blindly "replicate it into your account".
You are paying him for the privilege of allowing him to front-run you.
If someone had the ability to consistently outperform the SPY over time, then they sure as hell wouldn't be hawking their picks online. They'd be running 11 figures while keeping their mouth completely shut... or at a minimum on a prop desk at GS or MS.
ANYONE providing tips, advice, data feeds or anything of the sort on a subscription basis is full of shit.. period.
You still don't get it. It autotrades his actual trades - the ones in his own managed account. I doubt he would knowingly give himself bad advice.
I sure hope for your sake you don't own ANY investments directed by a professional (EFT's, hedge funds and mutual funds fall under this distinction as well)
No, he didn't "knowingly" want to blow up last time with his megabet on CYGT. Your statement presumes that he has the miraculous ability to be able to outperform SPY, and it just relates to his motives. Sure, he'd desire all his trades be winners.
There is no such thing as simultaneous executions. His account buys first.. then the sheeple. With the illiquid crapola pennystocks he trades that can make a huge difference.
And a small point.. you are incorrect about ETF's. There are managed ones as well as pure indices... which is the most intelligent way to invest. Just buy SPY and forget about it. Odds are very high that strategy will outperform any managed option like mutual funds, managed ETF's, hedge funds, and Mr. Sykes.
If someone is able to outperform SPY over time, that is worth hundreds of millions of dollars getting the typical 2 plus 20 hedge fund fees. Even at that level, most blow up in the end.
I don't mean to argue with you personally.. just stating a sentiment which 100% of sophisticated institutional investors would agree with. If you walked through GS prop trading desk asking what they thought of Tim Sykes you'd get the same response as ebook hawkers get on WF.. that's just a fact.
I understand and agree with just about all of this. Your original post about this trader being a WAFO douche seemed as if you didn't understand he was selling valid live trading data and not some bogus late night TV options/futures strategy he dreamed up in the shower.
Also note they are restricting subscriptions due to the thinly traded nature of his target securities.
Yes, you are right.. My analogy was not entirely correct.. I was trying to derive one germaine to WF. I will concede he is quite funny in this:
[ame="http://www.youtube.com/watch?v=iI06KpTDD-w"]YouTube- Broadcast Yourself.[/ame]
[ame="http://www.youtube.com/watch?v=iI06KpTDD-w"]YouTube- Broadcast Yourself.[/ame]
I re-invest in new online ideas or scaling up anything I can.
And buying up homes that were once 120k for 50k and up (sometimes less) then turning them into rentals for at least 5 years then sell when the housing market is up. That way you can have a investment with the note paid every month until you are ready to turn it into a profit (yes you will have people who do not pay you, but in NV you can serve a 5 or 3 day and BAM they are GONE). But to do this you need to know realtors / people who know the industry , otherwise you could get overwhelmed, or taken advantage of.
BigWill gets it with real estate.. Right now is the best time to get in so you can have something big in 5 - 10 years. If you can afford to rehab / rent out homes and hold on to them, then do it, because the prices are just going to be going back up (unless you listen to the news then it is doom and gloom)
If you got good money (like Bryn has!) then you can build up condos in the states, but you first build them as govt sub housing, then after X years you can kick all the people out who live for free and BAM now you got some condos to sell, and you got good $$ to build them and tax breaks because you went the govt sub route ! But that is slower profits then people are used to getting online, and most will say nah I need it now...
But if you plan on living for at least 20 more years then why not invest in a bunch of long term ideas.
Oh and I am against stocks... You buy stocks you are putting your money in someone else's hands, then it is up to them (company) to do good.
When you invest in something you do yourself you are investing in yourself, who you believe in, which turns a better profit. Because who better to trust then yourself.
Just my 3cc's of tren
edit: Also if you live in a legal marijuana area make good with club owners, and if you can grow good they will buy. So imagine turning out 10lbs a month at $2,900lb , all for growing some plants. All it takes is some good smoke and knowing a club owner and being able to provide what you say you are... They are always looking for new growers with good product.
And buying up homes that were once 120k for 50k and up (sometimes less) then turning them into rentals for at least 5 years then sell when the housing market is up. That way you can have a investment with the note paid every month until you are ready to turn it into a profit (yes you will have people who do not pay you, but in NV you can serve a 5 or 3 day and BAM they are GONE). But to do this you need to know realtors / people who know the industry , otherwise you could get overwhelmed, or taken advantage of.
BigWill gets it with real estate.. Right now is the best time to get in so you can have something big in 5 - 10 years. If you can afford to rehab / rent out homes and hold on to them, then do it, because the prices are just going to be going back up (unless you listen to the news then it is doom and gloom)
If you got good money (like Bryn has!) then you can build up condos in the states, but you first build them as govt sub housing, then after X years you can kick all the people out who live for free and BAM now you got some condos to sell, and you got good $$ to build them and tax breaks because you went the govt sub route ! But that is slower profits then people are used to getting online, and most will say nah I need it now...
But if you plan on living for at least 20 more years then why not invest in a bunch of long term ideas.
Oh and I am against stocks... You buy stocks you are putting your money in someone else's hands, then it is up to them (company) to do good.
When you invest in something you do yourself you are investing in yourself, who you believe in, which turns a better profit. Because who better to trust then yourself.
Just my 3cc's of tren
edit: Also if you live in a legal marijuana area make good with club owners, and if you can grow good they will buy. So imagine turning out 10lbs a month at $2,900lb , all for growing some plants. All it takes is some good smoke and knowing a club owner and being able to provide what you say you are... They are always looking for new growers with good product.
Open a sober living. 3 people to a room, charge 400$/bed.. 4 or 5 bedroom house.. $$$.
Rinse & repeat.
Rinse & repeat.
In many cases you can cut them a deal on the rent, or give them a % of the income.
NickRac
ก้้้้้้&
+1
I've put a lot of funds into prosper and have seen far better returns than I could have anywhere else - great way to supplement your incomez
Buy college housing in an area that's normally cheap rent, and charge $400 per month all inclusive with utilities per roommate. Students love it because they and their parents think it's cheap, you can give all kinds of amenities but still profit, and you can bank on $1600 per month before expenses on one unit.
Blind faith of a proclaimed "savior"...
And this is the kind of shit I'm lining up to promote on a certain conservative conspiracy theory site... Good to see my target market is in line.
And the best part about owning cheap college student housing near a campus is that no matter what happens to the economy, you'll still have students looking for cheap housing. The only downside is what happens to the place, but then again, students looking for cheap housing will put up with crappy conditions.
it really depends, most of the units at the places that try to market them as "upscale" can be maintained fairly well. You'll have parties and all, but it won't be dorm-style where people shit on the walls and in washing machines. Target upperclassmen
The hardest part isn't getting the people living in it... it is actually trying to find a decent priced place to buy!
diversify
get some money in index funds, in real estate, in precious metals, in cash, in private equity of other businesses, etc
just get your eggs in many baskets and rebalance as people go crazy in either direction, which is all they do.
get some money in index funds, in real estate, in precious metals, in cash, in private equity of other businesses, etc
just get your eggs in many baskets and rebalance as people go crazy in either direction, which is all they do.
