Ask A Hedge Fund Fraud

ICE CITY FC said:
Been waiting 7 months for this dude to tell me how exactly the federal government can sponsor me for the Series 7. :lol:  




He came back to duck me twice after this on some "I'm busy but I got you tip" :lol:



This is why no one is mad that dudes are in here going hard. Dude was really out here giving advice to dudes, he wasn't just lying about his material wealth. FRAUD. 
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:smh: :smh: smh
 
Any recommendations for someone not looking to start a career in finance but just wants more information on personal finance? Like best methods when preparing for retirement, and any tips for recent graduates coming up on their first real full time job
 
We'll now seeing that there are no mandatory credentials for being a hedge fund manager raises a lot of red flags for me.
 
omgitswes said:
Any recommendations for someone not looking to start a career in finance but just wants more information on personal finance? Like best methods when preparing for retirement, and any tips for recent graduates coming up on their first real full time job
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Check out one of my former professors' page and/or book. Real smart guy and they have him on CNBC every couple of months to discuss financial planning/personal finance.

http://timmaurer.com/about-the-book/
 
omgitswes said:
Any recommendations for someone not looking to start a career in finance but just wants more information on personal finance? Like best methods when preparing for retirement, and any tips for recent graduates coming up on their first real full time job
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always wanted to start a course aimed at HS kids / college kids to help kids make more sound financial decisions and explain personal financial goals/savings, help them understand credit card choices, debt, savings...
 
I took a course similar to that last semester. It was actually called Personal Finance, I'm looking to build off the very basic information it presented though
 
So was big L in on this scheme with him to get these young nters to invest? I've seen him cosign GSC numerous times.

It's a great scheme If you think about, post all these expensive cars that most the nters lust over and dream about to get their attention and lure them in lol.
 
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When you worship material things/money...you open yourself to being susceptible to schemes like this.

Don't ever worship or drool over someone who has things you "like"...give props and keep it moving or just work harder to get your own.


There are no short cuts. If it sounds too good to be true it usually is.


Don't let greed cloud your judgement and make you naive.


Folks would have gotten taken to the cleaners on here by Christmas.
 
ThEPoiNTGoD said:
For anyone who is actually interested in pursuing a career in finance, you need to crawl before you can walk. Don't even think about anything related to a hedge fund. You're not working at or starting a (real) hedge fund until you're very, very deep in the industry. "I work for a huge fund" is charming at a cocktail party, but 95% of the time, they're BS speculators who may earn an abnormal return in the short run. Most fail, and when they fail, they close up shop and move onto the next one.

I can open up a "hedge fund" tomorrow and trade on some plan or "edge" that I'll convince my clients that I have. Any of us can do that.
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You couldn't be anymore wrong.

I know PLENTY of YOUNG PROFESSIONALS around their mid to late 20's working at HF's and PE firms now. And I'm not even taking about the smaller firms either. I'm talking about firms in the $XX Billions range too. Most of these people were all recruited right out of Investment Banking or other high levels of finance.

Why are you pessimistic, dude? I've noticed this isn't the first time you responded with this kind of tone while discussing career opportunities. I'm sorry if I sound harsh or facetious, but it's been bugging me since the first first post you made earlier--The one where you mentioned you're not even a finance major.
 
This is still going on?

And yes, TPG is wrong. Some of my friends who were I Bankers are now working with Hedge Funds and some have started their own firms. One of them is even an heir to a fund and whenever he gives up the venture he's doing now (which is very successful), he'll have a place at his father's firm.
 
Rell826 said:
This is still going on?

And yes, TPG is wrong. Some of my friends who were I Bankers are now working with Hedge Funds and some have started their own firms. One of them is even an heir to a fund and whenever he gives up the venture he's doing now (which is very successful), he'll have a place at his father's firm.
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Yeah, IDK what ThePointGod is trying to get at with the pessimism. He sounds really bitter.

I work in PE (one of the top 2 PE firms globally) and i'm in my mid-20's.
 
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I took it as - yes anyone can start a HF but attracting capital straight out of college or without some other type of pedigree is extremely difficult.

Track record, prior experience and a large network plus your ability to execute your strategy are hard enough and its a competitive landscape.

Ibankers spinning out is common, so are traders starting their own shops. Rarer is someone without having done some type of actual work in the field launching a successful fund.
 
LazyJ10 said:
I took it as - yes anyone can start a HF but attracting capital straight out of college or without some other type of pedigree is extremely difficult.

Track record, prior experience and a large network plus your ability to execute your strategy are hard enough and its a competitive landscape.

Ibankers spinning out is common, so are traders starting their own shops. Rarer is someone without having done some type of actual work in the field launching a successful fund.
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If this is what TPG was alluding to, then I agree with him.
 
Hank Scorpio said:
LazyJ10 said:
I took it as - yes anyone can start a HF but attracting capital straight out of college or without some other type of pedigree is extremely difficult.

Track record, prior experience and a large network plus your ability to execute your strategy are hard enough and its a competitive landscape.

Ibankers spinning out is common, so are traders starting their own shops. Rarer is someone without having done some type of actual work in the field launching a successful fund.
Click to expand...

If this is what TPG was alluding to, then I agree with him.
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I think this is what he meant. He was exaggerating but his point is that it doesn't happen overnight.
 
I wanted to see dem "clips under the mattress"... guess the last drop was the midseason finale
 
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