How many here started in their 40's?

Commodity Trading Advisor (CTA)

 

i wasnt referring to u, i was just saying in general its a function,,, 100% of ur savings at 30 is different from 100% savings at 60,, i apologize if that came off wrong, sincerely apologize

 

Just kidding! You are right. Risk at 30 and risk at 60 are different. I'm 56. Timing is the problem. If you retired and need the funds in 2009 vs today...big difference.

Grandpa Bob

 

See?!? I didn't start this meme, YOU did!

 

I wouldn't use any kind of advisor. If they are smart enough to be advising you, then they should be smart enough to make their own money and not be bothered advising you. Also, I would never put my money at risk based on someone else's opinion. If I am going to blow up my account, its going to be based on my own doing and not some advisor's.

Although advising people does seem like a nice business. You collect some nice money, have none of your money at risk, and all the people who failed using your advise are conveniently left out of the monthly news letter that you send to clients or potential clients.

 

what u mean by the term advisor? advisors who are good bother with advising others cuz they get an incentive fee (percentage of your profits)

u wouldnt put ur money with anyone else? not even top advisors (which i assume term here is same as traders) not even paul tudor jones? bruce kovner? the implication here is that u dont believe anyone can trade better than u? is that a safe assumption based on the fact u wont put ur money anywhere???

just inquiring,

 

Anyone want to wager how long it takes @systematictrader to get to 1000 posts? I say 3 more days.

 

hahaha, ill take the other side of that wager, since i can move the market in that sense

 

Haha

 

You proved my point exactly. If I make money they take a cut. If I lose money, they aren't going to bother returning my calls. They reap the benefits when I do good and share in none of the risk if things go bad. The really cool thing they have going for them is they have approximately a 50% chance of being right. What ever security you trade is going to go up or down so the advisor gets to flip a coin and if it lands on the correct side they are geniuses if it lands on the wrong side, its because the investor didn't do exactly what they told him. Its a nice set up for them, a bad set up for the investor.