RedDogC130
Well-known member
- Joined
- Jan 6, 2005
- Posts
- 1,329
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Andy if I remember correctly you had some sorta hedge fund or investment thing what are you doing.
Does he have any recommendations outside of penny stocks? Like anything that trades for more than $10/share with decent volume? There are a number of comments that he's running a pump-and-dump scheme.
I ran a family hedge fund. Successful but almost killed me. I rarely got more than 2 hrs sleep at a time, usually between US market close and Asian premarket.
I completely burned out and took a bunch of time off away from the markets other than simply dumping my money into ETFs. As long as Helicopter Ben keeps dumping $85 billion into monthly asset purchases, you can buy an ETF and make good money with no work involved.
The extra time involved between making good money and great money is hours and hours of research and constantly tracking every financial release. Not to mention keeping a close eye out for every possible black swan. I kept up with the latest Cyprus events but I slept through European market openings - if I were still running the fund, I probably wouldn't have gotten much sleep for the last couple of weeks.
My favorite buy and hold ETF right now is SCHA. I don't have to read any specific stock news releases because the ETF has no more than .3% exposure to any single stock and has more than 1700 stocks in its portfolio.
I'll probably shift to a short term bond fund at the end of April/early May due to seasonal patterns + the debt ceiling debate. I'll hop back into the market in fall or after a significant summer correction.