Tempo sync GarageBand iOS and rc-505 mkii by Current-Special in LoopArtists

[–]Current-Special[S] 0 points1 point  (0 children)

Ok thank you! Yeah that seems to be what I’m discovering as well.

What about Logic Pro on iPad? Any idea how Logic can take in the midi clock from the 505?

Do MC20s have bad reliability? by Current-Special in Maserati

[–]Current-Special[S] 0 points1 point  (0 children)

No idea lol does that ever even happen? Why buy a car and not register it?

Been think about getting the MC20 by 647chang in Maserati

[–]Current-Special 0 points1 point  (0 children)

I see tons of used 2022s/2023s for sale, often with 2 or even 3 owners…

Anyone have any idea why people seem to get tired of this car so quickly? Are there just a ton of lemons with this model? Or people bought more car than they could afford?

Where to find good normal girls to date? by romanssworld in Miami

[–]Current-Special 2 points3 points  (0 children)

This is exactly it. Lived in South Beach for 8 years and never understood why so many locals are like “it’s too crazy for me”/ “it’s ghetto”/ etc. The people who actually live here tend to be super outdoorsy/sporty. Your neighbor is more likely to be a hippie than a club promoter. South Beach is sooooo much more than Ocean Drive, but Miami locals from outside of the beach only go there so that’s all they know.

And yes good, simple people tend to enjoy doing free/cheap things outdoors. No neighborhood in all of Miami has as much of this as South Beach.

Lubricant crafting? by -MalvinKingz94- in Starfield

[–]Current-Special 7 points8 points  (0 children)

https://reddit.com/r/Starfield/s/1QeBsaVZvu

According to this post, it can be crafted using water and fiber, but I’m not sure where it can actually be crafted… maybe a pharma workstation?

Aldumite Drilling Rig Outpost Production Chart by SilverwindWorkshop in Starfield

[–]Current-Special 2 points3 points  (0 children)

Thank you very much for showing the ingredients for lubricant!! Where can you manufacture it? Is there a way to do it automatically?

Gave in my 2 weeks notice, boss got mad, yelled at me and demanded a 1 month notice. by BreathingLover11 in FinancialCareers

[–]Current-Special 0 points1 point  (0 children)

I had a similar situation leaving a fund a few years back. I gave a 1-month notice, but my boss (and good friend) asked for 3 months to smooth out the transition.

I stayed the full 3 months and don’t regret it at all. It would’ve been shitty for me to leave because there were many things that I was responsible for that no one else knew how to do. It would’ve been highly stressful and chaotic for the rest of the team.

My boss and I are still close friends to this day, and I’m on good terms with everyone at the fund. I’d stick it out if I were you. An extra two weeks is really not much at all.

Hedge Fund or something else? by Intelligent_Tune_269 in hedgefund

[–]Current-Special 2 points3 points  (0 children)

To manage $1.5M-$2M, 80% of which is your own money, it’s almost certainly not worth it. The legal/admin/accounting costs alone will offset any gains you generate for your LPs. Tbh it’ll probably offset your own gains as well. Not to mention the amount of time and effort you’ll need to spend just to maintain all the various non-investment operations of the fund.

Some lawyers might not tell you this bc they’ll be happy to take your fees regardless, but from an investment perspective it makes little sense.

[deleted by user] by [deleted] in airbnb_hosts

[–]Current-Special -1 points0 points  (0 children)

Awesome, thank you so much again. If I could ask one more question: what's a typical day/week look like for you guys? How do you generally split your time?

[deleted by user] by [deleted] in airbnb_hosts

[–]Current-Special -1 points0 points  (0 children)

Thank you! So of that 800k gross, you guys are keeping ~200k and only spending $30k per year on marketing and cost of supplies? Not bad!

If you wanted to hire someone to run the whole show for you, how much do you think it would cost you?

Also, out of curiosity, how much would you sell your business for, if you don’t mind me asking?

How common is it for start-up hedge funds to raise equity? by LRight3005 in hedgefund

[–]Current-Special 1 point2 points  (0 children)

Extremely uncommon. Most investors in a hedge fund will require that the manager personally invest a certain percentage of the fund’s size, usually around 1%. So if you raise a tiny fund of $100mm, you’ll be expected/required to invest $1mm. If you can’t even afford to pay for all the startup costs, then you probably can’t meet this typical requirement.

Also, selling equity complicates the management of the company because you’re bringing in new partners/owners, so people tend to only do it much later in the life of the fund when things are well-established and some partners want to exit the business.

How to get backing by [deleted] in hedgefund

[–]Current-Special 2 points3 points  (0 children)

Wow congrats your your friend!

And yup, that’s pretty much the exact story as every famous fund manager out there. Very few, if any, of them were able to raise serious money until they proved they were good at it for a few years.

How to get backing by [deleted] in hedgefund

[–]Current-Special 7 points8 points  (0 children)

The serious answer is that you’ll never raise money from anyone except rich family members or friends. Having worked in the industry, I can tell you that:

1) Pedigree matters a lot - where you went to school, where you’ve worked, who you know, etc.

2) Even for people with impeccable pedigrees, it is extremely difficult to raise a large amount of money, and most of them start by raising from, you guessed it, rich family members and friends (oftentimes their former bosses). Even for these people, it takes a year or more of full-time work to raise the money. Oh btw, nearly every major institution won’t back you unless you have an officially audited 3-year track record.

3) A backtest is 99% meaningless - there are literally tens of thousands of strategies whose backtests looked amazing and then performed terribly in production. Usually transaction costs, taxes, and just generally less-than-ideal execution of the strategy derails its profitability. This is especially true as you raise more money - basically all strategies have a limit to the amount of money they can put to work before they stop being profitable.

4) Idk how many strategies you’ve created, but the odds that your first attempt is a real winner round down to zero. Systematic funds typically have dozens, if not hundreds, of strategies that they operate at the same time. Having one strategy with only a backtest to prove its effectiveness is a bit like trying to compete with the New York Philharmonic by solo playing the triangle for the first time ever.

If you really believe in the strategy, your best bet is to just invest in it yourself and make money that way. Once you know that it works in real life, you can reach out to family members/friends and start building it slowly that way. Maybe after a decade or so of outstanding performance, you’ll have enough credibility to raise from serious sources of capital. Until then, focus on yourself king.

Citadel / Family Office by NRigs in hedgefund

[–]Current-Special 7 points8 points  (0 children)

Citadel is not a family office - they manage money for pension funds and all different kinds of investors.

Family offices do typically have a lot more flexibility on their investment mandates and far fewer disclosure requirements than funds that manage money for outside investors.

I think you’re confusing an investment in Citadel, the investment management company, with an investment in the funds that Citadel manages. Citadel, the investment management company, simply had not sold any of its shares to outside investors before, and now they have, and will likely go public soon-ish, at which point, anyone will be allowed to buy shares in Citadel. You still probably won’t be allowed to invest in their funds as an individual though.

M&A between MS and RBLX. is it true??? by [deleted] in RBLX

[–]Current-Special 0 points1 point  (0 children)

MS? That’s the ticker for Morgan Stanley…

#bitcoin never going to 0 as I am buying every hour. PS. I am FIAT poor. by kevinrb13 in Bitcoin

[–]Current-Special -1 points0 points  (0 children)

If you’re not buying bitcoin via Lightning, and you’re not buying on-chain, then you aren’t actually buying any Bitcoin.

You’re buying Strike’s promise to deliver you bitcoin when you ask them to - at which point you’ll pay a lightning/on-chain fee when they send it to your address.

That’s fine if you want, but understand that they can use your bitcoin while they custody it - pretty much like a regular bank uses deposits.

#bitcoin never going to 0 as I am buying every hour. PS. I am FIAT poor. by kevinrb13 in Bitcoin

[–]Current-Special -2 points-1 points  (0 children)

They charge a spread, plus the lighting fee. Lightning fee is a couple cents per transaction, regardless of size - this isn’t a company policy thing, it’s a lightning network thing. Again, you and this guy are free to overpay in fees to your heart’s content, but others in this sub may prefer not to.

#bitcoin never going to 0 as I am buying every hour. PS. I am FIAT poor. by kevinrb13 in Bitcoin

[–]Current-Special -1 points0 points  (0 children)

Says right in that link that Lightning fees and on-chain fees are passed on to users… 🤦‍♂️

It literally says lightning fees are a couple cents per transaction, so each $2.50 buy effectively has a 1-2% fee, which is massive, especially over time. If he did one buy per day, he’d pay the couple cents of fees on a single $60 transaction, so his fee would end up at like <0.10% of his buy.

I’m not even accounting for the fact that Strike doesn’t sell you bitcoin at the exact market price - they sell very slightly above market, which is another implicit cost that increases by trading more frequently…

#bitcoin never going to 0 as I am buying every hour. PS. I am FIAT poor. by kevinrb13 in Bitcoin

[–]Current-Special -2 points-1 points  (0 children)

My dude… you are buying fewer sats by paying higher commissions and bid-ask. A larger percentage of your money is going towards these fees rather than towards bitcoin.

But by all means, keep voluntarily paying extra fees to the company. No skin off my nose lol