crunch bankruptcy chicago

crunch bankruptcy chicago

Too many investors forget this very important issue when trading commodities. In many cases, commodity traders can cash in separate accounts in its Futures Commission Merchant. There are also cash-management firm. To survive in these difficult times … In the words of Andy Grove … "The Paranoid Survive". I'm paranoid … my Trading with my partners in our commodity pool … as well as I'm paranoid, if I supply different Commodity Trading Advisors. As Nissim Taleb has published in his book … <a href = "http://www.fooledbyrandomness.com/"> Fooled by accident </ a> anything can happen and the fact that I prepare for it. For The commodity traders to remember for some, the Refco Futures Commission Merchant. Last Wikimedia .. Refco was a New York-based financial services company, primarily as a facilitator of physical and futures contracts known. It was founded in 1969 as "Ray E. Friedman and Co." Before its collapse in October 2005, the company had in over 4 billion U.S. dollars approximately 200,000 customer accounts, and it was the largest broker on the Chicago Mercantile Exchange. The company's balance sheet at the time of the collapse showed about $ 75 billion in assets and an approximately equal amount of liabilities. While these have been filings of the company denied, they are probably roughly accurate in which the firm level of leverage. More … Refco, Inc. entered crisis on Monday 10 October 2005, when it announced that its Chief Executive Officer and Chairman, Phillip R. Bennett had hidden 430 million U.S. dollars in bad Debt from the company's auditors and investors, and had agreed to take leave of absence …. And even more on 15 March 2006, the information from the office the U.S. Attorney's Office revealed that leaked .. Refco held offshore accounts holding that as many as 525 million U.S. dollars in fake bonds. Now imagine had to trade with Refco with separate accounts? Not a fun experience … If I remember correctly, that even Jim Rogers money with them. The history of Lehman Brothers may also be continued … Make well, just out of your money to FCM or broker … Then there are other nightmares, with cash-management firms .. Sentinel, the cash-management firm in bankruptcy 17th August 2007, after four Days after the halt to halt withdrawals by customers. Sentinel customers whose clients included futures brokers, as well as wealthy investors and commodity trading advisors .. made the world Credit crunch for their problems, even though the Securities and Exchange Commission has accused the cash-management firm of fraud and misappropriation of customer assets. Sentinel Another scam was destroyed, many commodity trading advisors career. Since it is very important to try to maximize your profits as well as … there are more than interested … But to what price? What sets us apart from other commodity trading advisors and commodity pool is that we are not only concerned about the return on investment but how much risk you have to endure to achieve your goals. Commodity traders at Refco fraud had taken and thought they were secure because they were in separate accounts … That was not quite right. Commodity traders who invested with Sentinel wanted to maximize their interest earnings to … they finished their business costs. After he entered the field for all those years … A Proposal … be paranoid … What can we do to keep our money, which is not for the margin required on the <a href="http://www.treasurydirect.gov/"> Fed with Treasury Direct </ a>. I would like to believe that this is the safest place for cash. The U.S. Govt can print more money. How to keep your cash, the You do not need is room for one of the stages of wisdom that should be looked over. If you are trading commodities themselves … own Direct account. If you are allocating Commodity Trading Advisor to … ask where the money is sitting. You can feel most comfortable when she sits on the U.S. Treasury.

Andrew Abraham

A. Abraham @ AngusJackson.com

www.AJpartnersinc.com

target = "_blank"> www.myinvestorsplace.com

Futures trading involves risk. People can and will lose money

About the Author:

My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I am a commodity trading advisor/co manager of a commodity pool who adheres to the philosophy of trend following. Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets us apart from other Commodity trading advisors and commodity pools is that we are not only concerned about the return on investment but how much risk you will have to tolerate to achieve your goals.

Article Source: ArticlesBase.comWheres Does the Money Sit When Commodity Trading?

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