Reviewed last year's performance -- more than tripled networth.
here is a snapshot of the small account of my wife we managed -- it almost tripled from $6mil to 17.5m, including last Christmas' drop of 25%. managed LLC/partnership account cannot be disclosed.
地主们have three wrong understandings about financial investment:
1. market direction -- both TA and FA are useless.
It is entirely not true you only make money in bull market. Case in point, the account is down about $50000 on a very calm and up day because I added about $1 million short position.
2. leverage and risks
it is entirely not true more leverage = more risks.
The account net 17.5m, with 60m long and 50m short positions, with leverage ratio of 120m/17m about 6. In the past year, the leverage has went from anywhere from 1 to 25. There is no way 地主们has this kind of leverage and liquidity -- we can move from leverage 25 to 0 with one click of a mouse, and we can move from net 100m long to net 100m short in a plit second, iff my model tells me.
3. taxes
the best part, the entire cap gain are tax-free since we are offshore -- yes, legally, and perfectly, and permanently 0% taxes.
Hope this put to end the dispute between 地主 vs. "炒股".
地主们还在做十年一千万的美梦, 我们已经轻舟已过万重山.一年一亿不是梦.
hard for me to input in Chinese on vacation...
Reviewed last year's performance -- more than tripled networth.
here is a snapshot of the small account of my wife we managed -- it almost tripled from $6mil to 17.5m, including last Christmas' drop of 25%. managed LLC/partnership account cannot be disclosed.
地主们have three wrong understandings about financial investment:
1. market direction -- both TA and FA are useless.
It is entirely not true you only make money in bull market. Case in point, the account is down about $50000 on a very calm and up day because I added about $1 million short position.
2. leverage and risks
it is entirely not true more leverage = more risks.
The account net 17.5m, with 60m long and 50m short positions, with leverage ratio of 120m/17m about 6. In the past year, the leverage has went from anywhere from 1 to 25. There is no way 地主们has this kind of leverage and liquidity -- we can move from leverage 25 to 0 with one click of a mouse, and we can move from net 100m long to net 100m short in a plit second, iff my model tells me.
3. taxes
the best part, the entire cap gain are tax-free since we are offshore -- yes, legally, and perfectly, and permanently 0% taxes.
Hope this put to end the dispute between 地主 vs. "炒股".
客户的回报就更不值一提了。
六米还是小帐户。
岛主啊。
我回去找根绳子。
哈哈
一点同情心没有
my position delta neutral most of the time. So I always have long and short positions. Now i keep slightly positive delta since the market is so bull.
I'm guessing that you are probably doing the same thing, in a bigger scale.
你应该找巴菲特聊一下，看他愿意不愿意把资金给你管理