Ravi Posted August 15, 2011 Share Posted August 15, 2011 It took me 5 months but finally I was able to start my advisory firm. I am very excited that I am going to do what I love and at the same time I am thinking 5x more on every investment about the downside risk. Did everyone feel the same way or its my nerves. Even though I did not contribute my fair share to this board (I will try to do better), this has been very helpful and very insightful. If any one needs any help or have any questions in starting the advisory firm for Separately Managed accounts, feel free to drop an email, I will try my best to answer any questions. P.S - If any one has suggestions/alternatives to Capital IQ, please let me know. I have not decided to buy this yet as it costs 25K per year Link to comment Share on other sites More sharing options...
Liberty Posted August 15, 2011 Share Posted August 15, 2011 Congrats! Link to comment Share on other sites More sharing options...
stahleyp Posted August 15, 2011 Share Posted August 15, 2011 congrats, man! any website or anything? Link to comment Share on other sites More sharing options...
Parsad Posted August 15, 2011 Share Posted August 15, 2011 It took me 5 months but finally I was able to start my advisory firm. I am very excited that I am going to do what I love and at the same time I am thinking 5x more on every investment about the downside risk. Did everyone feel the same way or its my nerves. Even though I did not contribute my fair share to this board (I will try to do better), this has been very helpful and very insightful. If any one needs any help or have any questions in starting the advisory firm for Separately Managed accounts, feel free to drop an email, I will try my best to answer any questions. P.S - If any one has suggestions/alternatives to Capital IQ, please let me know. I have not decided to buy this yet as it costs 25K per year Yes, the butterflies and excitement...yup! One piece of advice...enjoy the process, don't kill yourself, don't be too hard on yourself and stick to your principles. It's a marathon, not a sprint. Cheers and congratulations! Link to comment Share on other sites More sharing options...
S2S Posted August 15, 2011 Share Posted August 15, 2011 P.S - If any one has suggestions/alternatives to Capital IQ, please let me know. I have not decided to buy this yet as it costs 25K per year The classic Bloomberg terminal still triumphs all in my experience. FactSet has a pretty UI and allows extensive customization but speed is lacking. Link to comment Share on other sites More sharing options...
amecham Posted August 15, 2011 Share Posted August 15, 2011 Ravi, For what it's worth: I've run a hedge fund for nearly twelve years on 3 newspaper subscriptions, an internet connection, and value line. My experience suggests high priced bloomberg terminals or capital IQ are not necessary... Perhaps they are well worth the cost to other managers, but I haven't found them necessary. Good luck. Allan Link to comment Share on other sites More sharing options...
smo001 Posted August 15, 2011 Share Posted August 15, 2011 For what it's worth: I've run a hedge fund for nearly twelve years on 3 newspaper subscriptions, an internet connection, and value line. Amecham, Which three newspapers do you subscribe to? Thanks. Link to comment Share on other sites More sharing options...
Parsad Posted August 15, 2011 Share Posted August 15, 2011 Ravi, For what it's worth: I've run a hedge fund for nearly twelve years on 3 newspaper subscriptions, an internet connection, and value line. My experience suggests high priced bloomberg terminals or capital IQ are not necessary... Perhaps they are well worth the cost to other managers, but I haven't found them necessary. Good luck. Allan I would agree with that totally. By the way, Allan has the best investment record I have seen for any fund manager in the last five years, so that should tell you something. And he doesn't spit out bravado or shots at others either. He's got the discipline and the right character which makes all the difference in the world. Cheers! Link to comment Share on other sites More sharing options...
amecham Posted August 15, 2011 Share Posted August 15, 2011 smo001, I subscribe to the FT, WSJ, and NYT. Sanjeev: thanks for the nice words - the board should take Sanjeevs' comments with a 'bucket of salt' as they're likely biased because I'm a fellow hockey fanatic. Link to comment Share on other sites More sharing options...
Ravi Posted August 15, 2011 Author Share Posted August 15, 2011 I think I will stick to my traditional sources for now. I am trying to focus as much as possible on the process so that the results take care of themselves. I do not have the website up yet, hopefully in the next 2-3 weeks. I can already tell you it is much easier to invest your own money vs. other people's money. It brings a huge sense of responsibility. But I will try to stick to my framework, mental models and check lists and hopefully learn a few lessons on my way. Thanks a lot everyone for your good wishes. Link to comment Share on other sites More sharing options...
given2invest Posted August 16, 2011 Share Posted August 16, 2011 As a former HF manager and now just a putz who manages his own money, I'd like to echo that you don't need bloomberg or any fancy subscriptions. I subscribe to WSJ and NYT and briefing.com. That's it. I use yahoo finance and sec.gov for my analysis. I have a few friends who can occasionally send me a sell side report but most of the stocks I invest in have little to no coverage so it's irrelevant. I also think sell side coverage is overrated and I'd use an execution service that costs the least as possible, like interactive brokers. Keep your costs down. Good luck! Link to comment Share on other sites More sharing options...
Ravi Posted August 16, 2011 Author Share Posted August 16, 2011 Thanks for the input. I did sign up for interactive brokers. Is there an advantage for signing up with briefings.com? Link to comment Share on other sites More sharing options...
given2invest Posted August 16, 2011 Share Posted August 16, 2011 Thanks for the input. I did sign up for interactive brokers. Is there an advantage for signing up with briefings.com? I use briefing for two things: 1) It sends me an email anytime a company I own or watch reports news. That alone is worth $40 or $50 a month. 2) I can browse the "in play" during the day and often get long term investment ideas from it. For instance, last year I saw that MEDQ (now MEDH) was paying a large one time dividend and being acquired by its parent company and then subsequently doing an IPO. I made a lot of money off of this information and I'd never have known about it if I didn't have the briefing news feed. Link to comment Share on other sites More sharing options...
ageofsocrates Posted August 16, 2011 Share Posted August 16, 2011 Had a quick question for everyone...usually I use sec.gov for reading company filings..however, do u guys normally read it online or just print out the entire report ? As reading online for several hours at a go can be taxing for the eyes? On the other hand, printing out 10ks can be costly considering if one is examing a large number of companies. Appreciate any kind input here. Link to comment Share on other sites More sharing options...
meiroy Posted August 16, 2011 Share Posted August 16, 2011 You can also use Google alerts (http://www.google.com/alerts) to receive notifications about related news for a specific company or event etc. Many times the alerts received are not instantaneous, though. AOS, you might want to have a look at the large kindle DX, it's quite easy on the eyes although not that friendly to PDFs and lacking touch feature to easily mark text. Amazon has another device coming up 4Q which looks quite promising (I'm holding off any e-reader/tablet purchase to see what they'll bring to the market). Link to comment Share on other sites More sharing options...
moore_capital54 Posted August 16, 2011 Share Posted August 16, 2011 Personally, I couldn't imagine working without my Bloomberg Terminal. It reminds me of the Gertrude Stein Quote: “I've been rich, and I've been poor. Rich was better.”" To me the largest advantage is the depth of information, being able to go back literally 30 years for News Releases and Filings and also with smaller market capitalization companies, being able to reach sellers swiftly and negotiate off the market blocks. For those that trade Canadian Juniors BAS and BASM are very useful tools as well. Looking back to when I did not have a terminal, I was wasting a lot more time repeating tasks, no doubt about that. My suggestion is that if you manage anymore than $10mm, you can afford a terminal, until then I agree that conserving costs is your number one priority as a manager.Also, the price for Capital IQ seems a bit high, we pay $1800 per month for our Bloomberg and that is for Bloomberg Anywhere which allows remote access. Another thing you should know, most funds with over $100mm in AUM get their bloomberg terminal subsidized from their prime brokers. Link to comment Share on other sites More sharing options...
Packer16 Posted August 18, 2011 Share Posted August 18, 2011 Congrats and as others have said if you focus in a few places and don't try to cover everything you can work with VL and other US free sources like Edgar and co web sites. Bloomberg and the other sources (Capital IQ) are good if you want fixed income or foreign stock info or are cruching alot of numbers for general valuation/analysis purposes. You do have to check the data from some of these sources with the source docs because in using them there are occasional errors. Packer Link to comment Share on other sites More sharing options...
given2invest Posted August 18, 2011 Share Posted August 18, 2011 Are you open for business yet? I could use some advice right about now... Link to comment Share on other sites More sharing options...
Ravi Posted August 18, 2011 Author Share Posted August 18, 2011 I am open to public. I am not a buyer yet though. I am waiting for really really good deals. Link to comment Share on other sites More sharing options...
Guest misterstockwell Posted August 18, 2011 Share Posted August 18, 2011 Had a quick question for everyone...usually I use sec.gov for reading company filings..however, do u guys normally read it online or just print out the entire report ? As reading online for several hours at a go can be taxing for the eyes? On the other hand, printing out 10ks can be costly considering if one is examing a large number of companies. Appreciate any kind input here. Buy a bigger monitor with higher resolution and use some of the clear text features on newest browsers. Link to comment Share on other sites More sharing options...
eclecticvalue Posted August 19, 2011 Share Posted August 19, 2011 Sorry for this off topic message. Has anyone tried reading annual reports or sec filings on a tablet? I would like to know about the experience. Link to comment Share on other sites More sharing options...
ageofsocrates Posted August 19, 2011 Share Posted August 19, 2011 At the moment, I read some SEC filings using the Kindle 3 (using the browser). Though I think Kindle DX is better for reading SEC filings. Link to comment Share on other sites More sharing options...
DCG Posted August 19, 2011 Share Posted August 19, 2011 Sorry for this off topic message. Has anyone tried reading annual reports or sec filings on a tablet? I would like to know about the experience. Yeah. I read pdf reports pretty frequently on my iPad. Link to comment Share on other sites More sharing options...
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