How many clients (investors?) Three.
How long in the business? Trading OPM, in 4th year.
How much AUM? 600k USD
What kind of business structure? What kind of registration do you have? None, really. I and my clients are outside the US.
Who is your broker(s)? Only Oanda, now. We used FXSol for some time but dumped them recently...way too much slippage and spreads are ridiculous.
Are you trading forex only or other instruments, as well? Fx spot, only. My clients are active traders in the local stock markets. They're net losers though.
You take 25% off roi above a rolling high water mark? No.
Is there an upper limit to your AUM that you are shooting for or that you have in mind?
Yes and no. The thing is that I have a job that I love as much now as I did 22 years ago. I make a lot of money doing it, I have lots of free time, and my wife is in the same field (that really helps a lot in the marriage). I tried trading full-time years ago and I didn't like it at all. I was bored and lonely. I like being around students and colleagues everyday, it fulfills me tremendously.
That being said, I really can't stand the admin and politics of a university. You've never seen so many petty people in one place as in a university. Kissinger said, "Never have so many fought so hard over so little." and he precisely nailed it. I'm usually able to ignore them and focus on teaching which I love doing. But I suspect at some point in the next 2-3 years I'll be at my limit. 25 years is a long time to do the same job. Trading is my outlet, my next step in my journey.
I could have $2 million tomorrow if I make a phone call today. My main and initial client brought the others and he has more wanting in. I've been putting them off precisely because I don't want to make it my full-time job. But I'm close to the crossroads now. I'm thinking on taking more money from exisiting clients this summer up to 1 mil. Honestly, I'm really torn and I vacillate a lot on what I want. When the admin pisses me off, I think, "that's it, fuck them, I don't need them" and I plan on increasing OPM and moving on. But then I have a great class and realize nothing makes me happier than that, nothing at all. So I go back and forth. I know this sounds kind of fucked up, but it's working for me right now. If I were to lose my job tomorrow (always a real possibility), I could just call in more money and I'll make a living just fine.
How do you obtain new investors? My initial client gets them. People with money tend to hang around with people with money.
Do you have employees? No, but I've got lots of bosses, namely the university, my wife, my kids...
Thanx again & kind regards
How long in the business? Trading OPM, in 4th year.
How much AUM? 600k USD
What kind of business structure? What kind of registration do you have? None, really. I and my clients are outside the US.
Who is your broker(s)? Only Oanda, now. We used FXSol for some time but dumped them recently...way too much slippage and spreads are ridiculous.
Are you trading forex only or other instruments, as well? Fx spot, only. My clients are active traders in the local stock markets. They're net losers though.
You take 25% off roi above a rolling high water mark? No.
Is there an upper limit to your AUM that you are shooting for or that you have in mind?
Yes and no. The thing is that I have a job that I love as much now as I did 22 years ago. I make a lot of money doing it, I have lots of free time, and my wife is in the same field (that really helps a lot in the marriage). I tried trading full-time years ago and I didn't like it at all. I was bored and lonely. I like being around students and colleagues everyday, it fulfills me tremendously.
That being said, I really can't stand the admin and politics of a university. You've never seen so many petty people in one place as in a university. Kissinger said, "Never have so many fought so hard over so little." and he precisely nailed it. I'm usually able to ignore them and focus on teaching which I love doing. But I suspect at some point in the next 2-3 years I'll be at my limit. 25 years is a long time to do the same job. Trading is my outlet, my next step in my journey.
I could have $2 million tomorrow if I make a phone call today. My main and initial client brought the others and he has more wanting in. I've been putting them off precisely because I don't want to make it my full-time job. But I'm close to the crossroads now. I'm thinking on taking more money from exisiting clients this summer up to 1 mil. Honestly, I'm really torn and I vacillate a lot on what I want. When the admin pisses me off, I think, "that's it, fuck them, I don't need them" and I plan on increasing OPM and moving on. But then I have a great class and realize nothing makes me happier than that, nothing at all. So I go back and forth. I know this sounds kind of fucked up, but it's working for me right now. If I were to lose my job tomorrow (always a real possibility), I could just call in more money and I'll make a living just fine.
How do you obtain new investors? My initial client gets them. People with money tend to hang around with people with money.
Do you have employees? No, but I've got lots of bosses, namely the university, my wife, my kids...
Thanx again & kind regards
