Lost the chance to double my net worth.
Posted by Frugal on November 27th, 2007
Did anybody who read my blog got into this world-record breaking hedge fund which returned 10X in 1 year? I got the performance number from Minyanville’s article on 1000% Subprime contained. Boy, I only wish I had more cash/money to be brave enough to take a piece of that action. If I did, I would have almost doubled my net worth (since minimum investment was $100K). Unfortunately, I didn’t. But did you?
Certainly, somebody inquired him from reading my blog. Because I was asked by the fund manager Andrew Lahde to removed the proprietary PDF file, even though I had every good intention of promoting his business.
Well, I’m sure he and his clients made out like a bandit. 10X return in one year. That’s probably good enough for the next 10 year.
Were you that lucky? I guess rich does get richer, and I just needed to be a little richer to be in the league to participate and play.
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November 27th, 2007 at 6:59 am
I looked around your blog and still have no idea what kind of portfolio (what stocks or ETFs) you have, except having vague impression that you hold some energy or metal equities.
Look at investmiddleway.com where one has clear view of his portfolio composition.
December 3rd, 2007 at 1:41 am
This is the kind of information I ignore. Statistically speaking there will ALWAYS be somebody who made 10X the returns in one year. Though finding and being that fund is like winning a lottery ticket.
What if there were no credit crunch? What if the Fed had cut earlier and avoided the credit crunch? Then this fund would be way off.
Remember hindsight is 20-20. Foresight? A crap shot. Yes there are certains things we guess and think, but they are not sure. The real key is consistency.
December 3rd, 2007 at 9:09 am
Yes, hindsight is 20-20.
I’m beginning to move away from EMH however. I think there are indeed market inefficiency that you can take advantage of.
And 10X is a world-breaking record. That was the FIRST time that a hedge fund returns 10X. It just doesn’t happen that often, if ever.
December 3rd, 2007 at 9:11 am
Linda,
My portfolio is mostly XAU/HUI (or GDX), OIH/XLE components, plus some dividend stocks. I’m moving my portfolio towards ETF instead of individual stocks, and I assume that you may want to do the same also.
Frugal
January 27th, 2008 at 11:18 pm
It sounds too good to be true. A story told to drum up dumb investors.