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George Moldenhauer wrote:
>
> 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.
> WOW! How many trillions of dollars are invested in mutaul funds...all
> managed by someone else? I don't think I can share your opinions. If we
> as a society would let no one do anything for us, then the free
> enetrproses system would fail to exists. It is when value is added that
> the greatest economic cystem in the world works...be it managing money,
> preparing taxes, fixing autos, providing internet access...performing
> surgery etc.
>
> Granted you must be cautious but if you can find someone that can do
> something better than you, hire him/her. Henry Ford built an emoire by
> surrounding himslef with people more qualified than he...but I am sure
> he did his homework..like we all must if hring a money manager. Not just
> throw caution to the wind.
>
> I guess I would like to say that in order to get great results, you must
> think positive.
>
> What do you see in this?
>
> OPPORTUNITYISNOWHERE
>
> Now here...or no where
>
> GM
Like I should hire somone to type for me...since it is obvious I am no
good at it...lol
GM
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