Join 10,000+ savvy traders that get Michael's exclusive insights & podcast episodes.

as seen on:

Don’t Try and Compare Capital

Feedback in:

Hi Michael, my name is Charlie, I’m writing to You from Poland, Central Europe, nearly 300 km from the Vilnius you were talking about in Your recent podcast. BTW Your surname ‘Covel’ is probably Polish and Lithuanian ‘kowal’, which is…a blacksmith. I’ve read Your books and I really like the idea of trend following, I’m using that technique on Warsaw Stock Exchange for years and US market for past 7 months. My TWR is 22,5% with max. drawdown -2,69%. I wanted to ask uou a question: in your opinion how big [of a] portfolio (in USD) has an average US citizen, who is about 30-35 years old, after higher education, working in a big private business (banks, big industry companies)? Is it approximately 50k USD, 100k USD or maybe 500k USD? I’m just looking for an opinion, I’m not interested in averages, statistics and so on. I’m just wondering what is the difference in size of portfolio between a well-educated and let’s say successful guy in central Europe and USA. Thanks in advance for Your reply

Best regards
Charlie

Charlie, there is no way to give such a number. See: trendfollowing.com/capital.

Note: How do I pronounce my last name? Co-vell. “Co” rhymes with toe. “Vell” rhymes with bell. Equally accented each syllable. It was shortened from Covalesky, which was shortened originally from Kavaliauskas. Lithuanian my father’s side.

Tagged with: , , , ,
Posted in Feedback, Trading 101, Trend Following
Free Market Wizard Video!

Receive FREE expert trader video now!

Covel Books & Film
Massive Performance

Trend following performance numbers.

Trend Trading Systems

Pricing for trend following systems. 1000s of clients across 70+ countries.

Live Trend Following

Michael Covel's live events.

Trend Following Podcast

Michael Covel's podcast. 3M+ listens; 400+ episodes: iTunes & Android.

 

Free Market Wizard Video!

Receive FREE expert trader video now!

Online Payments

 

Regular guy makes Trend Following fortune. His free video lesson: Watch It Now.