And that is why people day trade for a living...
On 1/11/21 2:22 PM, Cameron Crum wrote:
I'd say if any money manager plays with your money as often as you do,
he either has very few clients, doesn't really know what he is doing, or
is a crook. No good money manager will move your money around that much
unless they are trying to create fees for themselves. It is just too
risky and requires too much attention. If you can make 1000 a day, I
would ask, why are you doing anything else? That is at least 22k/month
with little overhead but the electricity to run a computer. Compounded,
that is a pretty nice salary with very little effort. If I could make
1000/day every day with no overhead, I wouldn't be doing anything but that.
On Mon, Jan 11, 2021 at 1:12 PM Steve Jones <thatoneguyst...@gmail.com
<mailto:thatoneguyst...@gmail.com>> wrote:
I got my IRA report and had 17 percent return last year. You can put
your money in my ira if you want
On Mon, Jan 11, 2021, 1:09 PM Gino A. Villarini <g...@aeronetpr.com
<mailto:g...@aeronetpr.com>> wrote:
Bitcoin? ____
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@gvillarini
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*From: *AF <af-boun...@af.afmug.com
<mailto:af-boun...@af.afmug.com>>
*Date: *Monday, January 11, 2021 at 11:56 AM
*To: *AnimalFarm Microwave Users Group <af@af.afmug.com
<mailto:af@af.afmug.com>>
*Subject: *[AFMUG] Hiring a company fund manager____
We have a sizeable amount of money sitting in a bank account
right. This
has been collected from various jobs that were rather ludicrous
over the
past year.
There are several options for what we can do with these
funds.... we can
let them sit in a bank account until we need them and use them,
and then
go away.
Or we can invest them (which I've started doing). However, this
is one
more thing to add to my plate of things to manage on a
daily/weekly basis.
Through investing in ETFs and purchasing Option Call/Puts I've
been able
to return about $1,000/day. This isn't consistent - but over a
week a
gain of several thousand is not out of the question. Even on a
market
red day like today, our portfolio is up.
My question is, has anyone here either done it, or considered
hiring a
full-time person to essentially manage surplus cash and make it
print
more cash through investing? If done right, I feel like this could
potentially finance a lot of future projects we want to build. Of
course, hire the wrong person and you lose all that money...
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