Black Swans value investing

I am intrigued.

Badi, were the 210 US stocks picked in April 2010 paper traders? Or have you put in real money of your own? If yes, how much capital did you put in?

(29-07-2011, 08:34 PM)Jared Seah Wrote: I am intrigued.

Badi, were the 210 US stocks picked in April 2010 paper traders? Or have you put in real money of your own? If yes, how much capital did you put in?

Hi,
Actually I did not invest any money in it and the only reason is because I don't have that much to invest.

It was not on a simulator either, I did add about 60 stocks to a market simulator but that short portfolio wasn't a success, the full list was simply stored in a text file on my computer.

(18-07-2011, 11:40 PM)badi Wrote: The results previously posted about INSM growth of over %1200 were incorrect because the stock market simulator I used didn't take in consideration a split in the company's shares.

My strategy is still sound, it may take time to prove.

Hello Badi,

Oh. Technically you can't say you have returned X% since you have not made any "real" money.

It's a bit like I becoming a millionaire playing Facebook's Zyna Texas Hold'em. It has zero bearing on whether I can play poker professionally in real life.

I know it's a chicken and egg question. No money how to have track record? No track record how to attract money?

My constructive feedback would be as follows:

1) Get a job. Save up an initial stake. 5,000 or 10,000 will do.

2) Join a proprietary trading firm. They will provide you with the leverage (up to 10:1) to offset you small stake. If you strategy is sound, you will have your track record in 1 or 2 years.

3) With a track record that's backed-up by your prop firm, you can offer yourself to Hedge funds or private equity firms. Hey! You may even want to go it alone since if you can get 100% return a year, you don't really need to manage money for others. You don't need 1000% returns...

4) You may also want to learn selling and marketing, or "spin". Donald Trump is a master at it! Or join a multi-level marketing firm for free training.

a) Change your nick - unless you want to say you are "bad guy".

b) You need to anticipate the "objections" of your target customers and have stock answers ready. Some of your answers contradict each other.

c) If you want to manage money for others in Singapore, legally you must get licence from MAS. If you want to do it "under the table", never use forums where your IP address can be traced or correspond via emails. Approach people on the street or via phone, and never leave a paper trail.

All the best!