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Mike,
I have noticed the same thing through the years. There's got to be several
lessons here:
1) It's very difficult to make money in futures
2) If these guys can't do it ...... chances are slim for the rest of us.
3) Don't put your money in managed futures
4) Most systems aren't what they're cracked up to be..if they worked that
well, everyone could make money
I talked with a well known author and system vendor after a seminar last
year and was told that all her money was in mutual funds.
Must be some lessons here.
Dave
-----Original Message-----
From: Canyon678@xxxxxxx <Canyon678@xxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Tuesday, September 14, 1999 9:29 PM
Subject: commodity returns YE 1999
>Going through Aug. 1999 issue of Futures (page 72) "Public Funds returns "
I
>was astounded that only 3 funds returned more than 10 % for the whole year
>from a universe of 150(approx) funds tracked. There were some reputed names
>as managers ., Dunn, Campbell , John Henry, Sunrise, Dean Witt, Abraham,
>Rabar, Druz etc.
>
>The Barclay index on page 20 has the same statistics.
>
>Going through the same issue, I found some wonderfull advts. for systems ,
>indicators...
>ASCTrend ( 12 k in 2 weeks, inside cover )
>Ruggiero ( 70 % profitable trades, 90 k profits trading 1 cont. page 6)
>G. Angell ( 5 k to 700 k in 18 months page 10)
>Wilder ( Hidden order , opp. page 14)
>Grandmill ( 100 to 240 % annual returns , page 20)
>Abberation (70 k profits last year , page 50)
>etc.
>The advt.s in the last pages (85 to 89 ) are ridiculous . They make better
>reading than the "National Enquirer/Globe".
>
>Wonder, If the well capitalized managers are missing something.
>If only 10 % of the people are winning, who / where are they.
>
>That doesnt seem to be the case with equity Mutual funds. If you pick
>carefully, they have a decent return.
>
>Mike Verma
>
>
>
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