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Dennis L. Conn wrote:
>
> 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
>
> ----------
> > 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.
As a follow up, I know, first hand, of one of the original market
wizards that has at least one other CTA managing a portion of his money.
there are some excellent money mamangers out there.
GM
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