Quote:
Originally Posted by ElectricSavant
I did post that I do not speak for Bill Young...as far as my personal opinions I will post what I please Sir...I have been in this a long time...you watch and see if I am right...I give him his 2 year track record and they will line up...Remember I have been there and done that...
I am not a salesman for Bill Y or you...I am a trader and traders come first...I call them as I see them...and my friends know that...some of them even listen to me at times...  (I hope that I am wrong about the future of the AutoFX DCL stream)
But when you get a 10 million dollar client offering you an account...even if he only gives you 10%...you do not say no...(You would be surprised who is lurking out there)...anyway's...when you start to see the minimum investment go up to 50k and incentives rising to 30...40...50%...then you know he is weeding out the dead wood and all that work...Even easier the fund can be closed...I am in a few of those...is this the right place for this post...correct?...or has Forextsd made this sub-forum to put the vendors in? Meaningful conversation & discussion should be nutured to keep this forum interesting and not just a swap meet...
Perhaps I should just stop posting publically here in your thread if you have a problem with it. I do not want to offend anybody or cause problems. Folks PM me if you wish to have updates....
Hope I helped...(I am wondering now?)
ES |
Good morning ES,
It appears I have hit a nerve with you and that was not my intent. I absolutely agree that your opinion is your own and that you are not a salesperson for Bill, myself or anyone.
The post this morning that
"( in about 1.5 years) he will be gobbled up by an institution" was seen by some as a statement of fact (not opinion) and within a couple hours I received several emails from confused readers asking exactly when Bill
will be leaving, which institution he
will be working for, and if they should just wait and invest with the new institution, etc. They saw the word "will" in the post and took it for a fact.
All I am asking for is clarity between opinions and facts. A few of our readers require a LOT of clarity. For example,
"in about 1.5 years I believe institutions may be looking to gobble him" up would have been a perfectly acceptable statement.
Another example comes from this most recent post.
"When you start to see the minimum investment go up" gives some people the impression that is a done deal and in the last few minutes I have already been asked by one reader for the timeline for account minimum increases based on this post. I would prefer the statement
"IF you start to see the minimum investment go up..." which is another perfectly acceptable observation based on your experiences. I know that may seem like a very small change, but it will help a lot.
To the best of my knowledge from daily conversations with Bill Young, there are no specific plan to raise account minimums at this time. Along these lines, I can report that Bill and I have had conversations about his future goals that would require that he keep the incentive fees and account minimums at a low/reasonable level.
"Meaningful conversation and discussion" are always welcome. I am seeking to avoid the issues that I have seen kill other threads.
Take care,
Bill