"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime."
I'm sure you have heard that one before, right?
Okay, here at MarketClub I have my own version of that statement, and it goes like this.
"Give a man (or woman) a trade and he's a winner for a day. Teach a man (or woman) to trade with Trade Triangles and he (or she) is set for a lifetime of success."
I know that's a pretty big claim, but here is how I am going to prove it to you:
I have an app on my iPhone called iBillionaire and every once in a while this app shows you how the billionaire hedge fund managers are doing for the year. Most recently on September 13th, I noticed that even the billionaire hedge fund managers were having a hard time with the markets.
Looking at the top 10 billionaire hedge fund managers' performance, only four managed to be on the plus side for the year.
If beating the billionaire hedge fund mangers seems like a dream to you, then I am about to give you a reality check. Before I go there, let me share with you some of the results of these billionaire hedge fund managers this year. I'm only going to give you the top three, as they have achieved outstanding results.
Let's start off with the number one hedge fund manager of the year. I'm sure you're familiar with this name, as it seems to be in the news every week. I'm talking about Carl Icahn. Icahn has produced an incredible return of 48.96% year-to-date. That truly is an amazing return, but he's not alone. Next up is David Einhorn with a return of 41.37% YTD. Bringing up the rear with a very impressive 27.95% return YTD is Bill Ackman.
I think we can all agree that these three brilliant billionaire fund managers have all produced outstanding returns so far this year. I congratulate all three hedge fund managers. It's even more remarkable when you consider that the stock market hasn't had much sustained movement to the upside this year. In fact, just recently most of the major indices were flat to lower on the year.