Quote: " I’ve been managing money for myself and my family for a bit over 3 years now and in that time I’ve achieved 43.04% return annually" "starting from january 1st 2007 until now ". It’s not 3 years yet. So you annulized your rate of return, I suppose. Also I was wondering how you treat the cash flows when calculating the return?
It was money weighted. 1 dollar the first 2 years and 10 month and 100.000 the last 2 months… 
Shouldn’t be that diff. to reach 43%
The returns are time-weighted. 2007: 28%, 2008: 53%, YTD: 50% Mo34 - Thanks. I didn’t hold much cash on hand, my winners just did better than my losers. Fidelity gave me a call today after I signed up to browse their information on RIAs. Looks like they aren’t willing to work with you unless you have 11mil in assets to start with. The lady I spoke to suggested I use their retail accounts and have clients authorize me to manage their accounts. This sounds like I’d have to log into each account seperately though. I was originally hoping to just have one account, but I suppose I’d need to set up an LLC for that probably.
This is all great info, I plan to set up an LLC for tax purposes from my trading this year and to have that be my general partner entity in a possible future fund. But for now just a business move. Maybe I am wrong but is the only reason to go with a Fidelity to have their supposedly known name and credibility associated with yours?
“have clients authorize me to manage their accounts” …you can do that, family members just make online accounts and signs over to you, you can rig it up with some providers so that you can toggle between portfolios using a single login, not too bothersome, gets the job done.
KrukVT, thanks for the great link. For anyone else interested in the steps to setting up a fund, I would recommend reading that site.
biz9r5 Wrote: ------------------------------------------------------- I’ve been managing money for myself > and my family for a bit over 3 years now and in > that time I’ve achieved 43.04% return annually. > Since then I’ve had some family friends ask me to > manage their portfolios as well so I’m looking for > the best way to do this. Are you the zygo5.com guy…with expertise as an econometrics scientist? His commercials are the best. Considering how smart he is, he has to be from the future and with an unlimited budget to boot considering the production quality of his ads. Don’t know if you get them but they litter our airwaves in Chicago. Verrry creepy