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Hi Charles,
NEVER trust ANYONE ELSE to handle your money! If you're not sure what to do
with it, then take whatever time is necessary and LEARN! I don't know if
you're actually acquainted with any of those "savvy traders" you mentioned,
but I have a hard time imagining such a person allowing any portion of
their account(s) to be 'managed' by someone else. The only people who've
ever offered me that advice also earn commissions for setting up such plans
- every other source of information I've found has urged the opposite. But
if you find someone who comes highly recom-mended by their longterm
clients, let us know; you should receive an award for discovering a new
species!
Best of luck,
Dennis C.
dconn@xxxxxxxxx
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> From: charles meyer <chmeyer@xxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: GEN: MONEY MANAGERS?
> Date: Friday, June 26, 1998 4:26 PM
>
> It is not uncommon for even very savy traders to diversify and let other
> money managers handle a portion of their portfolios. My position on this
> is that unless a money manager can deliver both consistent and superior
> returns--clients are working for the money manager and not the other way
> around. Stated another way, it's a better deal for them than it is for
the
> clients--and at no risk. I came to this conclusion after a slightly
> negative
> experience with a couple of managers. (Lost very little--didn't make
> money)
> I would be grateful if anyone could share with me who they use? Has any-
> one found a good manager through the use of "Nelson's"? We all know
> the vast majority of track records are mediocre so the search is
> difficult--
> along with insuring they stay on target. Thanks for the favor of and
> replies
> and feedback.
>
> Charles.
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