Quote:
Originally Posted by Kenny Rogers
I've codenamed the 2 accounts as a joke: Tortoise and Hare. 
So I will have a Tortoise and a Hare in the game, I like stacking the odds in my favor. Slowly building out my diversification plan. The Tortoise and the Hare accounts will be linked, so one will really ever get too far ahead or behind of the other. I will balance the 2 accounts on a quarterly basis. I don't expect the Tortoise account to be funded until next year, there is too much expenses and events happening for the rest of the month. Hopefully the Hare account won't blow up before I fund this new account.  |
On second thought, this doesn't seem like a very good idea at all. I should not be keeping the 2 accounts balanced evenly, that would actually be quite stupid and counter-productive to what I had in mind. Unless the Hare account is getting killed by the high risk strategy it uses, the transfer of funds should be strickly one way to the Tortoise account, assuming the Tortoise account is the safer strategy. Because the risk of ruin is so much higher for the Hare account, this should be the wise portfolio management strategy.
The Tortoise account is in a little bit of open drawdown right now, factoring equity...it is in the RED. It did bank $15 in balance though. Does it always feel like when you go live, the strategy suddenly becomes less profitable and the drawdown seem to be bigger than usual?
