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Forum » Offered my Dentist 5% Fixed Return if he invested up to £24,000 ($30K) per year in me
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Thread: Offered my Dentist 5% Fixed Return if he invested up to £24,000 ($30K) per year in me

post 1492907301 04-29-2017, 05:19 AM
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#91
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Originally Posted By vt2medellin⏩
It's a lot easier to earn high returns when you don't have a lot of money in the market. The way OP trades, he has the luxury of buying or selling any stock pretty much instantly and without driving the price up or down. If you're Warren Buffett and have billions under management, you need to make big trades, but your market share is so great that it drives the price up on anything you want to buy or down on anything you want to sell, and rules out investing in small companies altogether. Additionally, he owns 400 million shares of Coke, but even if he decided he should sell his Coke holdings, there aren't 400 million people who want to buy Coke right now, so he couldn't pull out until it was too late. If you're OP, you have the advantage of watching the markets and changing your position exactly when and to the extent that it benefits you.
Repped bro
post 1492911021 04-29-2017, 06:52 AM
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The guy should just go to Ayondo or one of those other social trading sites where he can do pretty much the same with people who actually have a track record, rather than some kid whose teeth he checks up every 6 months.
post 1492957791 04-29-2017, 04:19 PM
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Is your friend aware that you failed spectacularly in investment banking and was fired?
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post 1492959421 04-29-2017, 04:33 PM
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Originally Posted By samsbolton⏩
Is your friend aware that you failed spectacularly in investment banking and was fired?
You don't actually invest in investment banking, you help companies raise money in exchange for debt or equity. You might also help facilitate mergers or acquisitions. As an intern/analyst, like OP was, you would basically be doing financial modeling in excel or writing pitchbooks... not picking stocks.

Edit: OP, you could also propose a 2 and 20 waterfall and see if your friend accepts that. You would get 2% of the money you managed and 20% of whatever profits you made. If you're confident you can earn over 9%, you'll earn more doing the fixed rate, but obviously that's because you would be willing to take on more risk on the lower end.
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post 1492960001 04-29-2017, 04:40 PM
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Originally Posted By vt2medellin⏩
You don't actually invest in investment banking, you help companies raise money in exchange for debt or equity. You might also help facilitate mergers or acquisitions. As an intern/analyst, like OP was, you would basically be doing financial modeling in excel or writing pitchbooks... not picking stocks.
yes and he sucked balls at it
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post 1492961031 04-29-2017, 04:49 PM
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Originally Posted By samsbolton⏩
yes and he sucked balls at it
The point is that investment banking is totally irrelevant to trading.
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post 1492961891 04-29-2017, 04:57 PM
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Originally Posted By martin545⏩
80% of Expert CFA Wall Street Active Fund Managers can't beat the S&P500 over the long haul and you think you can?
Pretty sure that 80 percent isn't even the long haul, just 5 years. Which strengthens your point even more
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post 1492962271 04-29-2017, 05:01 PM
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Just read through more of this thread.....would recommend anyone to read this book:

https://www.amazon.com/Bogleheads-Gu...p/1118921283/r
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post 1492964741 04-29-2017, 05:25 PM
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Originally Posted By samsbolton⏩
Is your friend aware that you failed spectacularly in investment banking and was fired?
How is doing an internship whilst in university failing in Banking?

Also banking was my first ever insight and only 2 weeks.

My actual placements were in Corporate Finance & Commodities trading, the latter in which I got paid a very nice bonus.

Cliffs on your experience in IB, kid. Bet you can't even beat 2 weeks...
post 1492966521 04-29-2017, 05:41 PM
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#100
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Originally Posted By WelshAutist⏩
Give me cliffs on why I can't buy at the bottom, let the stock rise, and hold until the next dividend if I am medium-term investing?
Then sell after the next dividend.... So After the dip In your own words....

Anyway please go for it. Put an ad in the local paper to find some other suckers who will invest in you.
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post 1493004301 04-30-2017, 02:43 AM
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Originally Posted By WelshAutist⏩
How is doing an internship whilst in university failing in Banking?

Also banking was my first ever insight and only 2 weeks.

My actual placements were in Corporate Finance & Commodities trading, the latter in which I got paid a very nice bonus.

Cliffs on your experience in IB, kid. Bet you can't even beat 2 weeks...
You were so good, and they were so impressed by your brilliance, you lasted..














Two weeks
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post 1493004531 04-30-2017, 02:49 AM
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You won't get anywhere near 20% return rate though, even the best investors don't have that
post 1493047581 04-30-2017, 01:57 PM
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Originally Posted By gejns⏩
You won't get anywhere near 20% return rate though, even the best investors don't have that
They don't get 20% because their strategies don't scale well enough, not because it's hard to do with only $30k.
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post 1493050091 04-30-2017, 02:27 PM
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#104
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Originally Posted By vt2medellin⏩
They don't get 20% because their strategies don't scale well enough, not because it's hard to do with only $30k.
I definitely think it's easier to make 20% as a young hungry kid willing to take risk with only $30,000 when you only need 5% to break even than it is with millions when you have to play it safe, you have other people influencing your decisions and your trades are essentially public/customers know which you pick in your fund.

Also, those who make the 2-8% per year returns as CFA fund managers spread their stake as 3% in about a 30 stock portfolio

OP can literally put 25% stake across 4 bottomed out winners to achieve his 20%
post 1493050291 04-30-2017, 02:30 PM
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#105
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Originally Posted By Hadtodoit⏩
Oh? Because I've been a member of a big, advanced investment forum for like 8 years and a huge investor myself.

Tell me how I'm wrong? (I don't mean that in a combative way but if you think you know something I don't, teach me)

The going theory from my understanding is there are a few rare companies that actually can beat the spider, but just barely better and it's a rare few. Then when they do, the fees they charge are often bigger than the gain you'd actually get in return, so it's better to just invest in "the market" with something with an extremely low expense ratio.

I've been studying for 8 years now (not intensely) but go ahead and fill me in.
I work in a research department at JPM does a bunch of research into the active vs passive debate. I'm not saying that the logic behind you argument is wrong, but what you said verbatim is incorrect. Far more than 1% of active equity managers outperform their benchmark over long time horizons. You are right in that the odds aren't good for the average joe to beat their bench over a long-term horizon, but it annoys me that everyone who knows the first thing about finance loves to emphasize that it's impossible and no one does it. I meet w/ people managing billions of dollars nearly every week that have outperformed over horizons in excess of 10 years.

In a simplistic example, the average performance gross of fees for all of active will equal the market, so on average active will under perform net of fees. However, active v passive is also a cyclical thing. There are time periods where very few active PMs outperform and then periods where many more outperform. For example, since the election, active is actually done quite well w/ a huge spike in outperformance relative to the past few years. Active has gotten crushed over the past decade as but we are approaching the longest running bull market in our countries history, and it's hard to outperform when stocks just move in one direction.

This is strictly in regards to active vs passive in the US Equity space. Active is far more compelling in less efficient markets such as EM equities, EM debt, high yield debt, etc.
Originally Posted By Luc1fer⏩
Don't listen to that clown. He enters investment threads like a know-it-all and ends up embarrassing himself.

Hey ctownballer04, I'm waiting for you to explain how my fund investments with ER of 0.05% and high tax efficiency are a bad idea.
Originally Posted By Hadtodoit⏩
No response from him lol
Would love this example of me embarrassing myself lol? I made a cheeky comment about mutual funds being chit. Your investment is fine, but I still don't understand it. You have picked the best mutual fund provider, but I still don't understand why you wouldn't take the product that is slightly better? I agree that it isn't super material in the case of Vanguard, but the ETF structure is objectively more efficient on taxes.
post 1493050861 04-30-2017, 02:36 PM
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#106
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Can any of you brahs tell me, why you wouldn't just go on betfair exchange, bet on an inplay tennis or football match and clock 4-6% on your 'investment' barring a miracle, within hours?
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post 1493051761 04-30-2017, 02:46 PM
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Originally Posted By hoganrulz⏩
Can any of you brahs tell me, why you wouldn't just go on betfair exchange, bet on an inplay tennis or football match and clock 4-6% on your 'investment' barring a miracle, within hours?
Because you "invest" all of your stake to make that 4-6%

100% of risk is into that single match

Diversifying your portfolio is the biggest necessity to minimise and hedge risk
post 1493051961 04-30-2017, 02:48 PM
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lol but who were beta levels
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post 1493052681 04-30-2017, 02:55 PM
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cliffs on 4 pages?

Seems interesting
post 1493053001 04-30-2017, 02:57 PM
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Originally Posted By WelshAutist⏩
Because you "invest" all of your stake to make that 4-6%

100% of risk is into that single match

Diversifying your portfolio is the biggest necessity to minimise and hedge risk
I see, in your plan with dentistbrah, how much profit in cash terms after capital gains tax were looking at making per annum? Or per month
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post 1493053391 04-30-2017, 03:00 PM
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#111
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Originally Posted By hoganrulz⏩
I see, in your plan with dentistbrah, how much profit in cash terms after capital gains tax were looking at making per annum? Or per month
In stocks and shares ISA (UK), you only pay fees to the platform you are using to invest (its £11.95 per trade for me) and 0.5% stamp duty.

Any profit you make is exempt from income and capital gains tax!
post 1493053491 04-30-2017, 03:00 PM
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Originally Posted By hoganrulz⏩
Can any of you brahs tell me, why you wouldn't just go on betfair exchange, bet on an inplay tennis or football match and clock 4-6% on your 'investment' barring a miracle, within hours?
Lol wat
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post 1493054201 04-30-2017, 03:08 PM
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Originally Posted By WelshAutist⏩
In stocks and shares ISA (UK), you only pay fees to the platform you are using to invest (its £11.95 per trade for me) and 0.5% stamp duty.

Any profit you make is exempt from income and capital gains tax!
Oh chit you're right, thought you on CFDs on Plus500 or something like that. Carry on brahsef. Hope you get rich and be merry.
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post 1493054321 04-30-2017, 03:08 PM
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Originally Posted By samsbolton⏩
Lol wat
Question pasa muchacho?
Formerly HandBrah, LipBrah & FootBrah
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Hala Madrid
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This is all OJ's fault
Ass cheeks are the titties of the ass
First I romance the pie maker, then I romance the pie
post 1493070341 04-30-2017, 05:54 PM
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Originally Posted By ctownballer04⏩
Would love this example of me embarrassing myself lol? I made a cheeky comment about mutual funds being chit. Your investment is fine, but I still don't understand it. You have picked the best mutual fund provider, but I still don't understand why you wouldn't take the product that is slightly better? I agree that it isn't super material in the case of Vanguard, but the ETF structure is objectively more efficient on taxes.
It isn't "better" for me though. I'm planning to hold my position for years - intraday or frequent trading advantages don't impact me. I think what swayed me (although it was more a coinflip) to the mutual fund was the fact I could convert to the ETF without a hit (if I so chose down the road), but not the other way around.

Are you saying I would save money by investing in the ETF? Or just that I should support the ETF's more efficient structure in general.
𝕮𝖍𝖆𝖘𝖊 𝖆 𝖈𝖍𝖊𝖈𝕶, 𝖓𝖊𝖛𝖊𝖗 𝖈𝖍𝖆𝖘𝖊 𝖆 𝖇𝖎𝖙𝖈𝖍

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post 1493070591 04-30-2017, 05:56 PM
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gold lol
post 1493073241 04-30-2017, 06:21 PM
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Originally Posted By GabrielNovar⏩
gold lol
1150 buy

1300 sell
post 1493076131 04-30-2017, 06:45 PM
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#118
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Originally Posted By Luc1fer⏩
It isn't "better" for me though. I'm planning to hold my position for years - intraday or frequent trading advantages don't impact me. I think what swayed me (although it was more a coinflip) to the mutual fund was the fact I could convert to the ETF without a hit (if I so chose down the road), but not the other way around.

Are you saying I would save money by investing in the ETF? Or just that I should support the ETF's more efficient structure in general.
We are still on different pages; it is better for you.

Mutual funds incur capital gains/losses when they have to liquidate holdings for redemption purposes (this is independent of you). Since they are pass through entities you pay taxes on this every year regardless if you are trading or not (mutual fund incurs taxes from their trades that get passed to you). So yes, unless your mutual fund is in a tax exempt or tax deferred account, than this tax bill costs you money relative to an ETF where it wouldn't be incurred (in-kind transfers aren't taxable events in the case of ETFs). This is why ETFs are more tax efficient than mutual funds in general.
post 1493077101 04-30-2017, 06:52 PM
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Originally Posted By ctownballer04⏩
So yes, unless your mutual fund is in a tax exempt or tax deferred account, thanthis tax bill costs you money relative to an ETF where it wouldn't be incurred (in-kind transfers aren't taxable events in the case of ETFs).
I did a bunch of research on this in the bogleheads forums and elsewhere. The extremely consistent feedback was that there was effectively no difference in costs to me. Both vehicles issue the same dividends. So when you say it "costs me money" I have no ideawhere this expense is and when it comes out of my pocket(in the form of taxes on dividends, withdrawal or elsewhere?). I wish you were less vague so I could shift my money to the ETF if it is actually better for me in the long run.
𝕮𝖍𝖆𝖘𝖊 𝖆 𝖈𝖍𝖊𝖈𝕶, 𝖓𝖊𝖛𝖊𝖗 𝖈𝖍𝖆𝖘𝖊 𝖆 𝖇𝖎𝖙𝖈𝖍

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post 1493077811 04-30-2017, 06:59 PM
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I hope OP makes an update thread in 1 year with the returns and whether or not he went NC on his dentistbrah for owing too much money.
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