“Make Money Every Month!”

Feedback in today:

Hi. I very much enjoyed reading Trend Following. I’m currently trying to learn more about trading and aim to build an expertise in it. In the meantime, I have a question for you. Based on your gut/common sense / experience does the following trader sound legitimate to you? There is a trader who is via an “investment club” offering/giving monthly returns of around 7-11% to investors. He is trading foreign currencies (beyond that I don’t have more information). Investors get statements, however there is no other information shared with them on the accounts/financials of the operation. The operation is registered offshore in Panama (he was doing his trading from Jamaica, and I understand he is now living / working from the US. He recently bought a plane I hear). He seems to have opened up the ‘investment club’ in the last 2 or so years. As far as I know he is subject to no regulator (or rather has not subjected his operations to any, i.e. the ‘investment club’ and offshore arrangement were designed to avoid regulators). I find the steady consistent monthly returns a red flag (seems like a guaranteed return that is unlikely given the fluctuations a trading profit). Am I being arrogant/too cynical. In other words -based on the brief sketch I have given you – do you think this guy’s returns are legit? Regards, Monique

Christopher Cox might want to shine his flashlight here instead of making reputable hedge funds jump through more inane hoops.

You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.