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Hello Michael,
A few years ago I read one of the first editions of your Trend Following book. Now, while on an extended vacation in the Dominican Republic I bought and read the latest edition. I currently have three multi family rental properties in Miami and am thinking of selling them. Two properties are within my self directed Solo 401K account, the other was inherited back in 2000. I expect that after selling them I will have around $750K in the Solo 401K and $650K outside the Solo 401K to invest.
My dilemma is: Should I try to manage these accounts myself or give them to some outfit like Dunn Capital to manage? If I were to liquidate the rentals I would need between $5K and $6K to replace the current rental income stream; around 5% of the combined investment accounts.
I am 77 years old, my wife is 60. Both US citizens with a wish to travel more. All our children are financially stable and do not require any financial assistance from us. I have always been fascinated by financial markets and fairly knowledgeable/literate of different markets, instruments, risks. (My bachelor’s major was in Macro Economics back in the 1970’s) I understand the risk/reward relationship and would consider myself somewhat of a risk taker but take into account my age which limits the recovery time available were I to suffer a catastrophic loss.
Here are some questions I have:
Would your Flagship course provide me with a starting platform to start trading from scratch?
Would it allow me to develop and test a Trend Following Program?
How difficult is it to develop and test such a program?
Are there programs available to purchase and maybe modify to accommodate/fit my needs?
Or would it be best to let a professional manage the portfolio?
Thanks,
Hector P.
1. My Flagship is for those seeking to trade themselves or invest with others or a combination of both. A foundation is needed no matter your choice. Flagship is that. Flagship will give you the insights you need to decide DIY or hire someone.
2. This should give a better understanding of how I see testing/software.
3. Third party software recommendations are part of Flagship.
How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.
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