As many of you know or have heard recently, I have been in the process of moving back into money management. As I’ve said on many occasions, the industry is in need of guys that have a legitimate skill set at this sport, and while the last 5 years has washed out all the pikers, frauds, and even triggered the departure of some of the best in the business…the opportunity now for the next generation of professionals here is more valuable than I can ever recall.
Mom and pop have given up on stocks. We’ve watched a tidal wave of money leave active management for passive management, specifically in index and ETF products. This suggests that the crowd has dumped the idea of beating the index. I cannot be convinced otherwise that this presents a generational opportunity for stock pickers and for years I have been waiting for the right timing to make this move.
In the last few weeks, I realized that this will require a significant amount of my time – and that I had to reduce my day to day work load. Therefore, I spoke with Fly last week and we’ve decided that I will step down from my blogging role here at iBC.
iBC was the only trading blog I’ve ever read. Started back in 2006 when it was Fly Buys and Rap music. I almost partnered with Fly back in 2008 but opted to start Trading Addicts instead. When we spoke again in 2013, I was thrilled to come on and participate. I opted to shut my blog down in 2008, despite having similar traffic to iBC back in those years. I liked writing about trading and being in front of big moves. I also enjoyed teaching, helping others and developing a core of like minded individuals looking to offer the same value. For many years, I felt I was able to do that here. When the model of blogging stocks and setups had become questionable, I had to hold my ground. I feel that while the cycle of retail interest had reached its lowest levels of interest in my lifetime, that this was the time to build upon a foundation and be in the position to be the go-to spot for the next generation and for years to come. I’m happy to see that come back to this site. It was the core of its value.
Thank you to my readers, first and foremost. I won’t vanish forever. I’ve always been easy to find. For those of you who are interested in investing with me, feel free to email me. I’ve already raised the bulk of what I plan to manage, but I did mention I would give folks a chance to participate if they wanted to. You can email me at [email protected].com
For members of After Hours with Option Addict, we will still continue with the service. The model might change a bit, but I will still work with that group. We’re still trying to determine what the last Boot Camp may or may not look like, but I honestly don’t have that decided yet. So please stay tuned for details.
Thanks to my man RC, Raul, Dan and other bloggers of the site. I really enjoyed working with you all.
Big thanks to Fly. I respect nobody in this business, but do respect you and what we’ve accomplished. I appreciate your hospitality, the ups and downs and the friendship. Thanks for offering a corner of your site and for promoting my skill set.
My best to all,
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