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I know I'm responding to an old post, but sometimes it takes weeks for
me to catch up to all my e-mail. I'd like to address the misconception
of ful-time traders, who are savvy and successful in their trading, and
CTA's. For the most part, 9 out of 10 full-time traders will take
advantage of managed accounts offered by CTA's with decent track
records. You see, because the commodity markets are so narrow in
comparison to the securities market, true diversification is a
diversification of talent, not markets. The more bonafide talent you
have working for you, the better your odds are for success.
Paul Brittain
charles meyer wrote:
>
> 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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