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Gary-
You claim you didn't want to receive incentive fees from managing money, but
"just a fair percentage" of any net profits. That "fair percentage" would be
an incentive fee by most people's definition. Is this double-talk or naivety?
Either way it shows you are probably unprepared for the rigors of trading
other people's money. It takes a lot more than just being a good trader to
manage funds for others.
Regards,
John J. Lothian
Disclosure: Futures trading involves financial risk, lots of it!
In a message dated 9/30/98 12:08:38 AM Central Daylight Time,
tedlucas@xxxxxxxxxx writes:
<< Yes i did mention about managing money.
BUT, do you recall what i said?
"I want NO incentive fee, NO management fee, NO commission, just a fair
percentage of the NET profits and my money is on the line too"!
remember!?
any other comments.....
gary >>
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