tag:blogger.com,1999:blog-2992822537416759686.post1106400660377289224..comments2024-03-28T13:56:13.567+08:00Comments on Help your own money: Keeping the mind open. Seeing the good on some unpopular financial productshyomhttp://www.blogger.com/profile/00175340583474513718noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-2992822537416759686.post-34448988845113474912021-03-17T14:39:40.885+08:002021-03-17T14:39:40.885+08:00We always refer to the latest information from thi...We always refer to the latest information from this article @ <a href="https://kolkatapackersmovers.in/" rel="nofollow">Packers and Movers Kolkata</a>Packers And Movers kolkatahttps://kolkatapackersmovers.in/noreply@blogger.comtag:blogger.com,1999:blog-2992822537416759686.post-57024044499485794202019-11-17T09:48:40.544+08:002019-11-17T09:48:40.544+08:00Hi AnonymousSunday, November 10, 2019 at 8:27:00 A...Hi AnonymousSunday, November 10, 2019 at 8:27:00 AM GMT+8,<br /><br />I have finished the book. James Simons' results actually improved in terms of gain and consistency after his fund switched to short-term trading from long-term trading based on fundamentals. Different strokes for different folks. What works for George Soros and Warren Buffett doesn't work well for James Simons but all of them are masters in the same field despite using different methods. All of us have to find a method that suits ourselves best.<br /><br />I see the attraction of short-term frequent trading of James Simons' methods. If a strategy can generate a thousand signals per day with win rate of barely 50%, law of large numbers dictates that he will most likely be positive at the end of the day. Imagine being consistently profitable everyday. It solves the problem and mental anguish of going through drawdowns! Value investors and long-term traders going through years of drawdown are full of envy for these successful short-term traders. One disadvantage to short-term trading is it is less scalable than longer-term approaches. Hence, James Simons had to cap the size of his Medallion Fund, though it is still large compared to other hedge funds.<br />hyomhttps://www.blogger.com/profile/00175340583474513718noreply@blogger.comtag:blogger.com,1999:blog-2992822537416759686.post-54766040021006915742019-11-10T09:41:18.779+08:002019-11-10T09:41:18.779+08:00Thanks for your insight. I've updated my blog ...Thanks for your insight. I've updated my blog post to reflect this advantage of using wholelife/endowment plans to protect savings from creditors.<br /><br />There're some risks, though. One has to trust family members who are nominated as beneficiaries. <br /><br />If the nominated beneficiary is wife, then the husband better make sure he doesn't do things that antagonise the wife, like fooling around with mistresses. Even if the man behaves properly, he'd better pray he didn't marry a gold-digger.<br />hyomhttps://www.blogger.com/profile/00175340583474513718noreply@blogger.comtag:blogger.com,1999:blog-2992822537416759686.post-50146488677217848082019-11-10T08:37:31.980+08:002019-11-10T08:37:31.980+08:00It's more to protect savings rather than famil...It's more to protect savings rather than family liabilities (where term is the way to go). Also has advantages if family members are not savvy about managing large sums of transferred money and/or the business person wants to retain some control (before bankruptcy anyway).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2992822537416759686.post-21214296734022294752019-11-10T08:27:20.925+08:002019-11-10T08:27:20.925+08:00Article on Marketwatch by the book's author .....Article on Marketwatch by the book's author ... nice 6-point summary for the time or attention-challenged.<br /><br />https://www.marketwatch.com/story/turn-yourself-into-a-better-investor-by-learning-from-hedge-fund-star-jim-simonss-successes-and-failures-2019-11-07<br /><br />Simons' methods are more of short-term trading ... not quite HFT but definitely within the realm of day trading. And the win rate of his computerised trades is barely 50% :O<br /><br />Definitely some huge take profit/cut loss ratio going on there!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2992822537416759686.post-33031771722679465122019-11-09T14:28:13.751+08:002019-11-09T14:28:13.751+08:00Hi Anonymous (Saturday, November 9, 2019 at 2:10:0...Hi Anonymous (Saturday, November 9, 2019 at 2:10:00 PM GMT+8)<br /><br />Good book recommendation. I'm reading the book now :) Do you have an identity instead of Anonymous? A nickname is still better than Anonymous.<br /><br />Money aside, don't ignore Jim Simons' mathematical achievements. His work on geometry has been applied to the development of string theory in modern Physics. Ironic that his math specialisation is in pure math which is impractical if the goal is to make money.hyomhttps://www.blogger.com/profile/00175340583474513718noreply@blogger.comtag:blogger.com,1999:blog-2992822537416759686.post-3725581997431651632019-11-09T14:18:11.732+08:002019-11-09T14:18:11.732+08:00Then let's hope the more decent ones don't...Then let's hope the more decent ones don't forget their original mission. They should know best themselves.<br /><br />For the really evil ones, there's such a thing as retribution. Buddhists call it karma. Christians call it Judgment Day. 善有善报,恶有恶报;不是不报,时辰未到。hyomhttps://www.blogger.com/profile/00175340583474513718noreply@blogger.comtag:blogger.com,1999:blog-2992822537416759686.post-64009431383511981992019-11-09T14:10:20.040+08:002019-11-09T14:10:20.040+08:00There's a new book about Jim Simons, the found...There's a new book about Jim Simons, the founder of Renaissance Tech. It was a result of 2 years of investigation & 10 hours of interviews with the man, and seems to be a very detailed study of the investor & his methods.<br /><br />https://www.bloomberg.com/opinion/articles/2019-10-28/how-jim-simons-turned-built-the-best-hedge-fund-ever<br /><br />Returns are mind blowing --- 66% <b>annual compounded</b> returns for 30 years from 1988 till 2018 for his flagship Medallion Fund! (and likely still going strong)<br /><br />The fees are damn expensive though ... 5 and 44, as opposed to the more common 2 and 20.<br /><br />But even after the cut throat fees, the compounded returns are still 39% p.a.! Beat Warren Buffett hands down.<br /><br />CW8888 may like to update his list of best investors & their returns with this Jim Simons fellow. :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2992822537416759686.post-35673254970925769302019-11-09T14:03:37.030+08:002019-11-09T14:03:37.030+08:00Good point about insurance being protected from cr...Good point about insurance being protected from creditors in the event of bankruptcy. <br /><br />Instead of buying wholelife and endowment plans, cheaper term insurance can be used for this purpose. Claims made on insurance should any mishap happens, whether term or whole-life, is protected against creditors. <br /><br />If the purpose is to protect savings, the person can simply gift his children or wife a sum of money. Transfer the money to their names. I don't see any advantage in using wholelife/endowment plans. Please enlighten me if I miss out anything.<br />hyomhttps://www.blogger.com/profile/00175340583474513718noreply@blogger.comtag:blogger.com,1999:blog-2992822537416759686.post-52571572899527612292019-11-09T13:45:10.005+08:002019-11-09T13:45:10.005+08:00When faced with business pressures, I won't be...When faced with business pressures, I won't be surprised many trainers will target the easy victims and not the suitable customers. <br /><br />I fear some of the retirees who attended the preview seminars are those who do not have enough to retire. Not having enough money actually makes them more vulnerable to sales talk. Sigh ...<br /><br />"Proven sure win" method will NEVER be taught publicly in a course. Those who know will keep it to themselves to extract maximum profit from the markets. Sharing it will dilute the gains. Renaissance Technologies will never reveal and sell their secrets in a course because they can make more money trading their strategy, not teaching it. Many of the mathematicians who worked in Renaissance Technologies have an academic background and are used to sharing their knowledge. The fact that they are so secretive about their trading strategy tells you something.<br />hyomhttps://www.blogger.com/profile/00175340583474513718noreply@blogger.comtag:blogger.com,1999:blog-2992822537416759686.post-55586722344046466632019-11-09T12:11:46.831+08:002019-11-09T12:11:46.831+08:00When they first started, the trainees may still ha...When they first started, the trainees may still have a heart. However after some time, when the $$ reality sets in, many will change.<br /><br />Just like Google's "don't be evil"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2992822537416759686.post-37690643959296324962019-11-09T12:07:33.183+08:002019-11-09T12:07:33.183+08:00Insurance can be protected against creditors &...Insurance can be protected against creditors & bankruptcy if under trust nomination. Some business people buy wholelife & long-term endowments for this purpose. In addition to topping up own & family members' CPF. Agent commissions & effect of deductions taken as "protection fee" against creditors.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2992822537416759686.post-44913262884215121402019-11-09T12:00:30.074+08:002019-11-09T12:00:30.074+08:00There are trainers who are obviously targeting ret...There are trainers who are obviously targeting retirees or near retirees. We can see many seniors attending preview seminars. <br /><br />May be they are easy targets as they don't have much time left to learn through books. They need "proven sure win" method and community is there to re enforce each other. Many are mislead by testimonials.<br /><br />CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.com