Started my investment fund on the side on June 1, 2018 and it's almost been a year

Grew $5M capital to $5,456,314.06 as of today

HAPPY EASTER! 😄

likefunnyhelpful
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If you had access to 5 M Why are u working .....?

likesmarthelpful

Raised capital. I have my own 50k in the pool of 5M

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You clearing all those investments with independence? Is running this fund consistent with you doing your job for the firm? Hope you have these details covered or you may be in for some zesty conversations with HR and / or Q&RM

likefunny

I think the clause in the employment agreement isn’t actually enforceable in many states. States have laws against employers unreasonably interfering in outside activities. Firm would have to show that it is negatively impacting the work to be performed during business hours. I believe it’s just there to scare. I would be careful you don’t use firm resources for your fund though (laptop, Bloomberg, etc.), and I’m also assuming that if this is outside money that you have registered as an advisor with your state

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If this is a fund, you sure as hell not following independence rules and should be let go from the firm. HAPPY EASTER 😀. Because the celebration of Christ’s rising has everything to do with investing money to make one self rich. This post is almost blasphemous.

likefunny

Amen!!

You’re killing it! Keep it up. My personal fund of $300 on Robinhood quickly turned into $250 when I bought a put on QCOM.

If I give you my remaining $250, what could you turn that into in a year?

likefunny

Here’s a question.....you aren’t soliciting business here, you aren’t asking advice here, and you aren’t talking about something work related. What is the point of the post?

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Pimping a 9% gain is definitely worth a post obviously.

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Here’s what I don’t get. Why are people soooooo mad? 😂 congrats to you [wo]man. Of all the things posted violating firm policy, i don’t get the point of being upset at this one

likefunny

Do you need a tax director?

funnylike

How do you have $5M? Inheritance? Trust fund baby? Insurance from a freak accident?

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It’s a fund. He raised it

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Sick humble brag bruv. Glad you’re seeking the jealousy of strangers.

likefunny

These are the people that give accountants a bad rap

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Outperformed SP 500 by 3%+. But still fall 3% short comparing to my expected alpha. My goal is to deliver my investors 10% annual returns, net of all fees, on a long term basis. Anything above 10% annual returns I take 20% of net gains + 0.5% asset management fees on AUM

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Great, but keep it up over the long term.

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Agree with EY 3, there is no way in the world an auditor at a Big Four can run an investment fund on the side without breaking independence and/or insider trading. As far Happy Easter, I don’t know about blasphemous as much as just tacky.

Dying to hear one of our Partners weigh in on this. In fact, please please weigh in on this!

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Partner here, I can’t imagine this is not a violation of independence rules, even at a firm that is less strict than EY

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Awesome! Keep up the good work. Don’t let these crabs get to you

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Why is everyone trying to rain on his parade? Congrats dude. That is impressive. Soon enough you can just quit and focus on that full time

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Anyone actually smart enough to do it full time is someone smart enough to have the money to not work already. Don’t be fooled by the high school level salesmenship

Did you get all capital from investors or was most of it your money?

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I interned at two WM firms if you need partners ;)

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What did you buy/trade?

Do you need a fund accountant? I can find someone that can help

Where did you get $5m in capital?

People wired it via western union to his Nigerian prince’s account

likefunny

Top 5 biggest holdings?

Can I put $50k in?

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