Money matters. I wish that I've been poor when I was at school. I'm an investor, a business owner and a money educator. Understand it better. Compound income, cash flow, budget, investment, to recover from debt. No one explained to me, put your money to your money to work. Beth is about normalising the conversation. You everybody. Welcome back to Money Mechanics podcast. We are joined today with Comey. Comey is a friend of mine, contact of mine that I've had in my life for a very long time. So Comey actually went to school with my sister in Milton Keynes and we have known of each other for a very long time. We've done business together. We've crossed paths, we've traded together. We've done all sorts of stuff together over the years, and Comey has come on the podcast, because where he's at now in life is very different to where we started off, and has very recently launched his hedge fund, which is really very exciting, which is called Central capital, and today we're just going to be talking about the journey from one place to the other and all the stuff in between. So Comey, do you want to just introduce yourself, who you are, what you actually do?

Hey guys, yes. So I am komi kokomi Tete. I am a portfolio manager. I've been trading the markets for many, many, many years, and as Sarah just mentioned, recently launched my my own hedge fund. I've been trading for a hedge fund since 2018 and got on the licence in 2021 so I'm old in the game. Everything I do is around money. It's around how, how can I extract more from the markets, primarily. And I have been on this journey since 2011 so it's been a while. It's been a while.

Been doing it a long time. What do you think makes you successful in this space,

in this space, in the trading space, it is, I'll say my number one thing is I make sure that I know I don't know what's going to happen next. So that's my number one thing is I trade knowing that I have zero clue what's going to happen tonight, tomorrow. If you ask me, wait, I think the market and go, I don't know. And that's the number one thing that keeps me grounded, because I'm able to build systems in the unknown, in the grey zone, and I've lived in the grey zone for a very long time. So by understanding I have no clue what the market's thinking, I'm able to build systems which work in random environments. And that's how it's so amazing that stay humble. We all have the God particle that pops up every now and again, every now and then we think we know what's up, and then the market soon humbles us. So yeah, I've been through all the humbling experiences earlier on, and I just kind of learned from that. And just said, Okay, I don't know is the answer.

So to give people context of the sort of money that you are working with on a day to day basis. How much money do you manage inside the portfolio that you're responsible for at the minute?

So at the moment, it's about 30 mil USD by that's with another fund, and I that's in the CFD space. So CFDs are, if you've used some of the retail brokers, you have Forex, you have indices, so the CFD space, but I had a major problem with that, and I kind of got disheartened, because you hit a ceiling, and I couldn't build a system that could generate alpha beyond that, because I hit the maximum limits of everything. So okay, imagine you're earning for your clients, 1 million a year, and that's all they'll earn. Regardless of whether I have 20 million or 30 million, it's always gonna be 1 million a year. So then your performance actually dips your next All right? So that just didn't really work for me. So I wanted to move into the big boy leagues, where you can trade billions, and that's where we've gone now. So that's why I launched Zen truck, because we trade these, these assets, and I am now able to manage much, much larger numbers. And she's amazing.

Yeah, it's so exciting. I'm so excited for you. So talk to me a little bit about kind of what you thought you were going to do, like when you left school, that kind of part of your life, and where you thought you were going to be ending up, and what has been different in the end,

yeah, so when I left school, where I thought I was going to end up is where. I ended up wearing the nice blue suits going on the train to London, the capital city. You've got your tie on, and you're working for a big firm, and that's what I studied for. So I went to university. I did a couple of degrees. I was there till forever, because I just kept studying accountancy, computing, and wanted to work for a big four. So I managed to get into the big four. Got a good job, stable, steady, solid company, unlikely to go anywhere for a very long time. And I was there for a total of about 10 years, 11 years, but by year five is when it started clicking that perhaps the nine to five is not my calling, just because there was always more month at the end of my money. And we and we know the debt cycle begins because, yeah, you've got enough to live, but then you don't have enough for the surprises that pop up the boiler breaks. Yeah, that's, that's a credit card some. So when these things were happening, and sometimes they happen back to back to back, I just saw the equity curve going down and down. And then one day I just saw this guy in a Ferrari, and I wondered, yeah, it's always what this guy does then, then you start researching, then I start looking into, how can he do this? Because my when I was growing up, my mindset was a 50k a year salary was the peak. I was happy to retire on that, but I'd never seen that number because I was on maybe 30k so I thought, yeah, if I'm on 50, I'll be comfortable. I can go my holiday a year. Then came that, that website, Sunday calculator, salary calculator, where you can see after the deductions and your student loan. I put a 50k and I thought, well, can this get me that car? And the answer was no. So I kept going up and up and up and up, and it took me to close to about maybe 200k and you get taxed 50% so then that's 100k net, and the car's gonna cost you two and a half grand a month. So then I was thinking, it's still not really making that much sense. There must be something how, how is it working out? So then started the journey of self discovery, self learning. I mean, that will happen from age 28 by 30. I thought, okay, I didn't expect to be broke at that age. So yeah, definitely went along the formal route. First graduated, got a good job, everyone's happy, and then at some point, it just didn't feel like it was going to be enough. So I had to research and find out what is out there, and I looked at property. But at that time, there weren't many people who taught property. There weren't many people taught many things. Internet was still new ish. So at that time, the only property things I saw would cost you an arm and a leg, because the moguls were all, you know, the Donald Trumps and everything that seemed like big money and big money. I didn't have anything greater than 300 pounds available at any one time. That was, like the peak of my wealth. So I kept researching that. I found stocks, and I said, Well, how can you invest in stocks? And I found a broker that said, Oh, you can invest 50 pound, 100 pounds. And that was the journey. I said, Well, I'll just get started with this. It's at least I'm involved in it, yeah. So then that got me on a journey after the suit in time.

Okay, a very short interruption of the episode. So I want you to get back to listening. I just wanted to remind you that the Money Mechanics weekly newsletter is completely free, and we'll send this out to you every week. All you've got to do is find the link in the show notes and get signed up when we send this out to you, this weekly newsletter is going to include things that will help you to become a better money mechanic. It could be things like what's happening in the markets, things like budgets, how that's going to impact you. And I'm also going to share a lot of insight into what I'm doing in my own portfolio and in the portfolios of the guests we've got on the podcast, to really just help you understand what you could do differently to make your money work as best as it can for you, make sure you go and find that link and get signed up. So did you start trading stocks for yourself, like, with 50 pound at a time, 100 pound at time, and then what? What takes you from there to having a hedge fund? Like, did you then just start trading for other people? Because people saw your success, and they started to ask you, can you work with my money? And it. It kind of went from there, or did

something else happen? So the journey was, I started off with 50 pound and I didn't really know the difference between investing and trading. I just tried to get help. I couldn't find I was actually search of some of the teachings. Then I ended up just placing a random trade. And I made from that 50 pound, it turned to 400 pound, and I was made. I thought, This is it, the formula. I know what to do. And then I, you know, told my I told my sister, because you have to take the money, I spend it. So I took it, I spent it because it because it's just on a screen and it's real. So now I know I can make money with this thing and it I started a day job. I had a day job for the first five, six years of my trading career. So I started day job, and I placed trading morning, came back a couple days later. It was money, so I thought, Oh, great. And after that, I lost for two years straight, every month.

But two years that some going, because most people are lost, but lose for one two months, and then they're like, Oh, this is shit. It doesn't work. So two years, that's a long time.

It's a long time to lose. It's a long time to just keep losing. But the thing is, every single time I would build a new strategy or build a new system, and it works for a bit, then it stops, and I lose everything, and it works stops. So I just lost for two years straight. But I knew which was which the question that I need to think would I have continued? But I knew that I had made that money initially, so I knew what's possible. Yeah, it was possibly. If I had just lost for two years straight, would I still be here? I don't know, you know, interesting. It's a very interesting question. But because I knew it was possible from trade one, not one since, but I just thought, well, as in, just need to figure it out. So after then, after year two, I finally figured, okay, risks. Risk is important. I need to manage that enough to look after that then. Then I thought, Well, I still only got 1000 pounds to my name. How do I? How do I manage how do I get more to me? And the answer was, OPM other people's money. So it was, how? How do I then get other people's money trade that take a percentage of profits and build my personal wealth? And that got me the journey of family type account. So I just started managing friends and family funds, and I did that for a few years, and that helps me build a track record, which I've been able to present to institutions and say, right, I've got three years. I've got five years. Can I? Can you sponsor me or give me some more capital, etc? Yeah, that's been a journey. And at the time, when I first started to trade one 2 million, that was a pipe dream, that was just like, I know when I saw those numbers, I was, yeah, it was crazy. It was crazy and and I remember the fear that that was in me, because then you start doubting yourself, your systems. When you're losing 1% 2% you're seeing 1000s being lost. So I had to build systems to help with my psychology on that, because I just couldn't see myself lose five grand in a day, thinking I start my day job and it'll take me two months to earn that in a day. Oh, okay, so yeah, I had to build systems where I didn't see the actual balance. I just saw the percentages.

Yeah, that's wise. Yeah, that's good, yeah, when you talk about building systems. So for people that are new to trading and new to this sort of business, when you say I built systems that did x, y, z, what exactly do you mean by that? Is that a process of analysis? Is it a piece of tech like, What do you mean by that now

both, so there's, there's many systems, and there's automated systems. Everything will be based on an if, if, then, if this, then that statement. So if this happens, then I do that. And so I would, I would have a look. Initially, it was pure technical analysis, chart analysis, chart patterns. So it will be, if this pattern happens, then I'll do this. And if

this, if something goes up to a certain price, we will sell or we will buy. So basically, just very simple, okay, cool, yes.

So, so that. So that was a very, very simple high level. If this, then that, if the market was high than it was yesterday, then I buy, and if it goes lower, then I sell, or then I don't stop listen. So it was just just that in its base form, and then we go. Deeper and deeper and deeper into it, to the point where we start looking at micro movements in the markets. But it's if the markets does this and this and this and this, then I'll do that. So, so then, then that was the manual process. And I thought, Okay, well, can this be automated, for testing, to visualise? Then I, then I jumped in a whole journey in automation trading built hundreds of 1000s of strategies with this, if then, then that system, you can imagine, indicators are something that help you visualise the charts in a different way, so it's representative of the chart, of a trading chart in a different way. So I'll then use everyone, and I built 1000 1000 systems. And, yeah, it was a very, very fun time.

So nowadays, because I know obviously when you started this, it was all quite manual, so you'd have to write those if do, if this happens, do that, are you utilising AI now to help you to model those things differently than what you used to, or are you still doing it the way you did it?

I don't use AI in trading, per se. I use it more just to analyse historical data. The way I trade, I would say, I see a lot of stuff online saying, Oh, we've got AI that works, we've got air that works. And I think, well, if you have and I've got aI someone has to lose, who's air is going to lose. So I use it more just to model data. And the way I trade these days isn't, it isn't dependent on market direction. Everything is neutral. So I'm just, if it goes up, it goes down, I'm looking to make money in in all, all directions. And that's that's uses certain market internals that are consistent, like volatility, like implied volatility, like

assuming that the market will wobble about you make money up or down.

Yeah, exactly so. So regardless of where it goes, we're looking to generate profits. We make money for being in the market, not like time in the market. We receive in options. It's called theta. So for every day, we get paid for being in the market. And we're able to get somewhat predictable income this. So I use systems now that have more more of a predictable outcome. We can, we can hazard a guess at around 95% accuracy on on our trades. And I think, great. That's pretty impressive. This, yeah, this is, this is good to work for large funds. And I, I say that, but we still need to manage risk, right? Even I would say it's the law of large numbers. Yes, we have a 95% probability of profit, but you will still lose five. So if I don't manage my risk properly, I'll end up in a place that I just don't want to be. So yeah, we

your your risk management strategy is actually one of the things. When I tell friends about you, and I talk about like, you know, I know Comey, this is what he's done. I was telling my friend recently that you've just launched a head hedge fund. We have a chat about you in Ibiza, actually. And I said the thing that I find really great about Comey is that his risk management strategy is different from anyone else that I've ever met in this space, because most people that we I meet who are trading big amounts of money, or are launching hedge funds or doing anything this space, they're very cocksure of themselves. They're very loud. They're very kind of we know what we're doing. We can predict the markets that tone. And you are such the opposite of that, like when you meet you, you know you're not flash at all. You're a very humble man, which I think is like one of the reasons I love you so much. But you're also someone that tells me often and tells people like you say, we assume it will go wrong, so we always make sure that we've mitigated the downside as our first priority, and then if we make money after that, then that's a bonus. So talk me through what risk management means. I know what it means. But for people that are listening to this who've like, never really done any sort of trading or investing, what is risk management and why is it

so important? So risk risk management is, how much are you prepared to lose? It's, How do you manage the downside of your portfolio. We love it when the market goes up, but it will come down at some point. So it's how do you manage that downside? And you are able to do it in various ways. You can place what you call protective stop orders, so if the market moves X percent against you, you automatically come. Out. You can run hedge hedges. So you can hedge in the same market other markets. You can run kind of market maker type strategy where, where you would go long, one short, one to neutralise the position. There's many ways of doing it. The easiest way just to run a stop a stop order. So risk management is where you as a trader or individual, will have your own mental stop, where you say, this is enough. I'm not going to go anything lower than this. I will pause, I will stop. I will shut, turn off my computer. That is the most important thing when we're trading and when you're managing other people's money. So when, when I talk to people about trading, or my my investing, I always talk about, what capital can I protect? So out of the 100% you give me, I will protect X percent of it, because I am certain to a call it 98% probability that you will never lose more than that. There might be some crazy it needs to be a crazy, crazy market event. I'm talking worse than 2000 covid crash, right? Very, very bad for us to miss that. And if we do miss that, it'll be by a very, very small percentage. When I build my portfolios, it all has hedging built in anyway. So when the market drops, we do all right, you know. So the whole point of being neutral is, if it drops hard, we do well. If it goes up, we do well. So it's just needs to range and just not do anything too crazy too quickly, like Donald Trump's tariffs. Recently, right markets crashed this like we're still okay, even in that environment. So I've built the systems with risk first, knowing what the max loss is going to be and what I can tolerate. Because with risk comes the reward. And one, one metric, which a lot of people don't look at, it's called the Sharpe ratio. A Sharpe ratio is a risk adjusted returns. And this is one, one thing that you need to ask anyone who wants to manage your money is, what's your sharp and the majority of people, retail guys won't know what that is, but risk adjusted returns, S, H, A, R, P, sharp ratio. And if you are a fund like myself, we need to see above two. Essentially all that means is, what are the returns versus the risk? Because if, if you come and tell me, Oh, I generate 200% return per year, but you have a sharp of 0.5 it means I'm going to lose my money at some point. It's all going to go because the risk adjusted returns are just not great. But if you do the same returns and you get a sharp of two, for example, yeah, take Yeah. So the risk adjusted returns is, is the, the number one metric for a potential investor to ask so when, when we looked at ours, we were on, I think 2.9 this, this year, I thought Great. To be a good hedge fund, you need to be above two then, then all the risk is just down to I invested. It's down to me. Because if I'm on the sharp of two, and it's been consistent for a good few years, you might say, look, call me. Can I make a bit more money? Yes, here's the max drawdown. Will go from 15% to 20% but then you should get X amount, but the sharp remains the same, so that everything else but good and, you know, smooth way now you just make more money, apply a bit more risk. So, yeah, sharp ratio, risk adjusted returns. We always super important, super important. The reward is just a side effects of good risk management, and that's that, that's how I approach it. So I

love this. Yeah, love this. The reward bit is the consequence of doing a good job protecting people's money. And actually, you then get paid. They get paid because you've protected it well, which I think is it's very rare in this market. And one of the things I'm gonna ask you about, because a lot of our clients, lot people listening to this, either don't know how to trade, have no inclination or time to learn how to trade. Because, let's be honest, it takes a lifetime to be able to be as good as you are. It's not something you can just be successful like you lost for two years straight, right? So a lot of people will be looking in the market and thinking, Where can I put my money? Where it's safe that I can get good returns, or better returns than you know, there's a lot of property people at the minute selling, thinking, Where can I put my money, etc. How can people go about selecting the right funds? Like, what? What would you recommend people should look for, other than the Sharpe ratio, which you've explained, what other things should people. Looking at if they are deciding to get someone else to manage their money

for them, if they're getting someone else to manage their money. Okay, so initially, what I'll say first is become an investor yourself. So self invest, because when, when we get our clients on board. We it has the institutional clients. It has the high net worth clients, and these people who've already been been in this in a space. So even if you are to do an ETF type fund or something like that, put a couple 100 in there, invest yourself. So you can see what the market does and understand it. Now if you're going to a fund so you've got your own little pot, it's going to be slow, because SNP indexes will do 10% 12% you might go crazy with qqs or triple Q's, T triple Q's, which are, that is a leveraged NASDAQ, if you've got a crazy healthy appetite for risk, that would get you your 80% a year kind of thing, right? It's nuts. But if you're going to a fund, you you need to have what you call a DDQ, a due diligence a client Due Diligence Questionnaire. So I would make sure that the fund hands you the Due Diligence Questionnaire. Now what this does is it will tell you everything about the fund. It will tell you who the trader is. It'll tell you who the administrators are, who, who's the risk managers, who? Who does the oversight of it? What is the strategy? What instruments do they trade? What's the average Win, win and lose in months? It will tell you everything you need to know about the fund. So it's a DDQ Due Diligence Questionnaire. So that's, that's number one. I'll, I'll make sure that it's, it's got that when you see that, you you should see that they've got funder administrator. So phrase, for example, we've we've got a separate administration team that looks at our performance. We've got a separate, we've got a separate, we've got separate anti one, not a larger officer who comes in. We've got a risk manager who actually looks at my stuff every day. So we so you have all these things which should all be in that, in that document, that's a very, very important document to look at if you're going to give it to an institution or someone who's not friends and family. Because friends and family is probably like, Oh, I'm good at this. Let me do it. Right? They've got nothing, yeah, but it's gonna go proper. You must see that also. You must see regulation. You must see regs from a tier one, tier two, type, the country, so, Australia, UK, America, tier one, Europe, most parts of Europe, tier one. But then you have some places that are not quite tier one. So, like, maybe, maybe it was in Vienna. Vienna is okay. Malta is okay. They're not fantastic, but they're good enough. You know? They're good, yeah, but yeah. So tier one, tier two. And then you have the the Wild West, you have the offshore guys. Yes, that's, that's normally, you see. So, so with zentra, we, we started off going with BVI, which is British Virgin Islands and and the reason is, people want to be tax efficient, and they they want their money to be out of the country, so we thought we'll set up that is that entity for that? But when we're starting out, because we just launched this year, when we're starting out, it's, it's okay, it's okay for an incubator fund, for small fund, for just building up track records, it's, it's all right, but it's not the best. So we had to go and get and this is where, literally a don't throw away from signing the deal for ASIC. So that's in the process. So we were going to have tier one regulation, probably within the next month. It's been ongoing. Yeah, I've just been through a full audit and all that kind of stuff, and probably the next month wouldn't have asset so I'll, number two, I'll make sure that they've they've got some kind of regulation, and they should have a third party overseeing the trading, because what you find is, if You're to give your money to someone or a company, at some point, it goes to zero, and they will have some funky excuse for you. I was drunk. Someone hacks my hacks me. Yeah, there's gonna be, there's gonna be something, some excuse, which, in my experience, it's. Just bad risk management, and the system just failed. They had a robot that works well, it stops working, and then they had to come up with an excuse. So you would have something like that, and it nearly almost fails all the time. So I'll make sure that they've got that structure in place. And and the final thing I'll look at is the max loss, the the max loss that they are saying they're going to achieve. And can you accept that loss? Am I comfortable with that? If the answer is yes, I live as though I've lost that money. That's it. Because if I do lose their money, they've got, you know, third parties looking at a council, if it's 20% 30% 40% whatever the number is, and it hits it, and I'm 40% down, can I take my money back and saying, all right, I'll go against someone else, or whatever the case is, how would I feel at that point? At that stage, people by people. Am I comfortable this person? Great. I will then, I'll then put in a test amount, probably the minimum that the fund requires, just to see how it goes. FOMO is, I mean, it still happens to me now, but FOMO happens to all of us. Well, we see a fun making money. We get excited going, I'll probably give it at least two quarters, half a year of just to see live results before I fully commit. So yeah, I'll say those are the main things to look out for.

That's super helpful. Thank you very much. So let's talk a little bit about money generally. So have you ever done anything where you lost a lot of money? I know the answer to this. You don't have to say what it is, but have you ever lost a load of money?

Yeah, yeah. I've, I've, I've lost, I've lost a lot. And the, the first, the first time we started managing money for people and and again, they didn't do any of what I've just said, Oh, I know you guys get some cash. Yeah, get some money. And at that point I we raised, probably as a team. There were, there were a few of us trade, we raised about 250,000 pounds. And remember this at this point, the most I've ever seen is probably two grand, three grand at any one time in an account, and now I've got 250k so I've, I've always been quite chilled, quite laid back, quite, quite humble. And when I saw that money, I got so excited. I thought, Oh, I hope money doesn't change me. So I started buying books on Buddhism and trying to just learn how to stay humble, right? It was, yeah, because that there was a lot of money we're trading at for our clients. And one night, I wake up really early, one night, about two in the morning some you know, a friend takes me saying, My Account sports be 50% down. I said, No, I've got a cut off at I've got cut off at 30% because I was running my I was running algorithms at the time, and the algorithms cut the trades off. So we were down about 7% and it cut the trades off. And so I switched it off, and then I had a phone call say, Are we supposed to be down? And because a few of us had access to the accounts, I was called everyone you know, like trying to wake everyone up in the morning. Everyone up in the morning, saying, Are you trading? And we ended up losing close about 80% so that 200k went down to about 50k something like that. And now, naturally, because this is friends and family, the next morning, my phone is just ringing, ringing, ringing. And remember, the day job. Yeah, I that that was tough. We'd, we'd lost pretty much everything, and it's, it's a very, very uncomfortable feeling. I'm really uncomfortable feeling. But I just told everyone, look, just leave it with me, and I'll, I'll make everyone whole again, because the one thing which, which I'll say, is, if we had greed and max loss, that's the max loss. The rest is on me. So yeah, it was a tough over two years, but I had to make

sure if that's happened. So obviously, people that are listening to this will be starting their investing journey, starting to trade, starting to buy property, even starting to look at gold and other asset classes, even crypto, right? When you've had a loss like that, how do you mentally and mindset? Wise come back from that? Like, how did you come back from that to be like, I'm not going to quit. I'm just going to figure it out. Yeah.

So the good thing with that loss is it wasn't something that I had done for the money to disappear. We were a team, so I think we had other traders who just went a bit crazy, wanted to make money and ended up being on the wrong side so that, so that that was a good thing with that loss. But as a trader, when you do suffer a loss like that, the number one thing you need to do is to reduce your risk even further. So you would find people who did the opposite. You'll try and chase the money back, like, oh, it's at a loss. And they'll try and chase the money back. The number one thing to do is just to reduce the risk. So that's how I came over it, because for the next year, I was trading at a third of the risk that I'll normally trade, and just to build that rhythm back, to get that cadence back in in my trading, and then I was able to start increasing risk, increasing risk, once I was comfortable with things, to be able to get back to normal. But number one is you have to reduce risk. If you're an investor, the chances of meeting someone like me, back when I was doing it for my guys, it's slim to none, so you would just have to grant that loss of what what I did was I worked three jobs. So I used to work at a call centre in Bletchley, Melton, Keynes, and I used to work at my day job. So I was working around the clock, 24/7 sleeping in my lunch breaks just to get the money back to physically hand over to someone to say, look,

which is rare, because most people, I mean, I've gone into two funds. So I've again, for full transparency, I've put money in comey's fund in the past. There's nothing there at the minute, but we've traded my money before, and I've put money into other funds as well. And comey's money made me fund, made me money, and kept my money. And the other two I lost money in, and that the people, the other two that I've lost money in, it was your money's gone the end, full stop. There was no discussion about it. There was and, you know, I say to everybody, like you've just said, assume you'll lose it, be comfortable with that worst case scenario, and if you're comfortable with that, then that's okay. Like it hurts a bit to lose it, because no one wants to lose money, but it didn't destroy me to lose it. So it was a risk I knew I was taking. I was I was aware of it. But I think what's interesting is that that approach to making people whole is not something that everybody is willing to do or able to do, capable of doing. What do you think is different about you to the general market of traders

for for making people whole, it's a character flaw. It's actually just a character for being because I've been told this. I've been told this several times. I I always I put myself in your shoes, and that's just how I live. I just think, well, if, if you had done that to me, I would, I would like you to at least do something to get it back try, even if just try. And so I always just put myself in the other person's shoes. And I think, well, I Well, look, they they trusted me with their money. When, when you're dealing with people that put in maybe 1020, $30,000 it's usually their savings. It's not just a piece of a larger pie they've got. So you kind of You're damaging them. You know, you're really hurting them. So I am, I am just not built that way. You know, I'm trying to be a bit more, I don't know, narcissistic more business, like look as business, and I definitely value the personal touch. So when that happens, I think, what would I do? What would I expect? Or if it's the right thing to do, exactly. So I just do whatever I can to get it back. And at the time, the only thing I've got is hours labour. So I just put hours into the job market and I got it back. And the interesting thing was, 90% of them put their money back into the fund,

but that's because you always make such an effort to, like, communication, all of those things are so important to you, and you know the I would put money back with you, like, anytime we're looking at selling a house, call me so we might end up with a conversation in the not too distant future. Actually, there's a lot of people selling houses at the moment. Thank you to Rachel Reeves, so what? What emotion would you say that you most associate with making money?

Making making money has has, for me, it is, it is just goals. I. For me, it is more the journey, right? And there's, there's, there's something which, which I was saying, the destination no longer becomes important. It's the journey. So my entire trading career, I wanted to be able to trade for a living, be able to trade for 10 minutes a day, and to live wherever I want. I then achieved that, and I'm living in, you know, I'm living on the island, um, you know, things are great, family fair, family life is cool. We're not extravagant, just coasting, pure bliss,

yeah, although, if you follow Comey on Instagram and you look at where he actually lives, posting is probably not the word most people would use. You're living in Bali, officially now, right?

Yes, yes,

yes, so yeah, but it's just, I get to spend, I'll spend it all day with a family, all night with the family, and just doing just daddy stuff. But I'm not, I'm not designed, not to achieve, and yes, I'm making a living. Yes, I've hit that destination. But the fun was in the journey. It was in the actually doing something. So last, last year or two years ago, I thought, let me teach. I don't like teaching. I do not like teaching at all. But I thought, let me help people in let me help me 20 years ago. Let me help me 15 years ago, because online with trade education, it's littered with a load of nonsense. Literally, yeah, 99% of people don't make money. Who you see online trading, right? They just don't

the people selling courses. You mean? So, like people maybe have one successful trade, and they set up an online course to teach you how to trade. But they're not actually making money from trading. They're making money from selling courses.

Correct. Yeah, correct. The only people who you see making money are the ones who are doing ETF investing, long term dollar cost averaging. They're the ones who do well in the long run, which is all I do, exactly all the others pretty much lose when it comes to trading. So I thought, let me teach. Let me be that one person who people can come to and learn. But the thing is, group chats annoy me. I had a telegram. It's, it's just the notifications, your nerves, yeah, and, and I just didn't like that process. I liked the result of it, because a couple of people say, Yeah, I'm doing well. Now I've done well. Helped a few people out with passing. You know, some people who weren't working are now making not like a part time income to subsidise any other side jobs. And they're thinking, Man, why didn't I do this before? So I love the outcome, but I didn't like the journey. So that kind of I said, right, well, I need to do something. But then I went back to the drawing board. What do I love doing? I just love sitting in my dark room find out systems, building things and trading. So I said, Okay, I trade for fund, or already, let me launch my own fund. Have third party this. I'll just do it myself. And, yeah, that that was a journey.

Just a journey. It

was a journey. I was in Dubai a few weeks ago, and I was with my brother in law, because I'm trying to get him into the finance space. And just the just the headache. I went going to buy. He said, How do you do this? He just has to roll with the punches. You know, either coming from a problem or going to a problem. Either way, there's a problem coming up. So just need to learn to deal with it. And so He tasted a little bit of it, but he also tasted some of the pleasantries of it. So I met some other businessmen, some other guys who run funds, and he saw the lifestyle and just opened his eyes, and he said, right, this is for me. Yeah. So I launched a fund because of the journey of the journey, not because of the destination, the destination. And it's

interesting because so many people obsess about money and they obsess about the end result, and they obsess about the destination, and completely forget that there is a journey to go on to be able to get there. And actually your way of doing it gives you a different frame, as long as you enjoy the steps along the way, the end result will be the consequence. And that's quite refreshing, actually, and clearly works for you, which is also good. Obviously you went from school to job to being self employed investor, etc, and I trade other people's money. Hmm, do you think that we as a society? Let's talk about UK. We're both in the same town, so you know, like we we know what we've come from in terms of education. Do you think right now, the education system is helping people to understand that these sorts of opportunities are out there and that money can work for us rather than against us, with debt, culture and all of these things that's going on, like, What's your thoughts on all of that?

I don't think the education system is designed. I don't think I think it's designed not to make us feel about these things. I don't see why you would go to school your entire life. And I was there till I was 25 I didn't learn about a balance sheet. I didn't learn about taxes. I didn't learn about investing. I didn't learn about businesses, running businesses. They're the core fundamentals of money, saving, budgeting. I didn't learn that. I didn't know how to split my money up. I just thought Money comes and it goes. So I think it's, it's designed for us not to in a capitalist world, the big players want us to spend. They need us to spend so they won't push any new narratives in. If I knew, and I'm sure most of us have been the same, same, well, if I knew now, what I knew then, or if I knew then, what I knew now, what are you now? It would be a complete as in, I would have been retired at 30 all these bull runs every as in, we're all being a very, very different place. I think the education system is archaic. I think is built for dinosaurs. And now with the evolution of AI, I think people are learning to do jobs that no longer going to exist in the next few years. So when it comes to money, it's failed, epic fail. It took me self learning age 28 to start understanding about trading, which was just making money, but I still don't manage money. And that, that was at age 35 I think, well, I'm making a lot of spending up. Make a lot spending up, but how do you manage and keep it? Keep and so, yeah, that was at age 35 so it took me a while, something that I should have known when I was age 10. So, so now I've got my whiteboard here my son. I'm teaching him from from now how to spend properly and still have capital growing for you. So I'm just trying to indoctrinate them for these things just that, and networking social skills, those are the main two things that I'm going to pass over. This is how you connect with people, because people buy people. This how you work with that, and this is how you manage money, because the school will not teach you that, so you have no chance for it.

So, I mean, I could send chat to you all day long. You know, I love talking to you anyway, because you're just such good energy. You're so easy to talk to. But we have to wrap things up at some point. So couple of things. I at the end of every episode, we ask our guests a question that's come from our previous guest. So I'm going to ask you that the question that our last guest left you was, what was too much for the money? So was there anything you've ever done that was too much for the money that you got from it?

So I didn't get paid enough

in your job? Well, not necessarily paid enough, but you either sacrifice too much, or you let allowed boundaries to slip, or you didn't get paid enough, like any of those things where you thought, You know what, that just wasn't worth doing. That wasn't worth it.

Okay, so what have I done that that wasn't worth it? I had, um, those, there's an investment, there's an investment which, which I did where, where I entrusted in, in some people, and I put a lot of time and effort into building it. And I built, I built, I built a kind of segregated fund for them. And I put a lot of time, a lot of effort. Time is such a precious gift, especially trading minutes to make a living. It's so precious, and I put a lot of time and effort into it, and it ended up just not being worth its weight in gold. So that's to me, that investment opportunity was something that just was not. Worth it, the time, the effort, the me, collecting all of my friends, my families, my closest pals, to come into something and convincing them for it not to work. That was just not worth the money that I received back, and when I received back was get monthly income and stuff, but it just wasn't worth. Worth the money? I think

that's really interesting. Like, you are somebody who absolutely values time more than money, even though you're someone who makes a lot of money and you're somebody who manages a lot of makes other people a lot of money, it's really evident even just from this conversation. But obviously, know you much better than this. My time is, in fact, probably one of your most valued possessions, one of your most valued things. And so actually, it's really when people are looking at opportunities and looking at what they're going to do with investments, with business, with anything, I think, the advice of make sure that from a what you are giving up, not just financially, but also emotionally, time wise, all of that sort of stuff should come into every investment decision, correct? That's really good advice. So the last thing to ask you is, we asked you to leave a question for our next guest. So you can ask, and you obviously don't know who the guest is going to be. Do? You can ask any question that you want to ask relating in some way to money. Okay, fire away.

What the question I say is, what would you do if you no longer had to work for a living, if money was no object, if money was what would you do if, if you had, if I had that magic wand for you, and you needed anything, and I could just wave it and you had it. What would you do with your life?

Wow, great question. I'm going to ponder that question myself. Actually, great question. Launch a hedge fund. Launch of funy. Thank you so much. And if people want to get into in touch with you, or they're interested in the fund, or just connecting with you on socials or whatever, how do they get in touch

with you? Just send me a DM. Instagram handle is at call me, T, K, O, M, E, y, dot, T, just, just send me a DM, and I shall respond. We'll connect.

Amazing. Thank you so much for your time. Really appreciate it. I know these guys will have loved listening to that. Listening to that. So yeah, thank

you ever so much. Thank you. Take care. All right. Bye. Bye. Thank you so much

for getting to the end of the podcast episode. I really hope that you enjoyed it. I just wanted to take this opportunity to remind you that the weekly Money Mechanics newsletter is available to you completely free. This is a newsletter I'm going to send out every week to just give you some ideas around what's happening in the market. In the markets, what's happening at a global level, what's happening at a lot more local level, so that you can better understand what you can do with your money to make it work for you for the future. I'm also going to share in the newsletter what I'm doing in my own portfolio, just to give you some insights into what my ideas are, why I'm making the decisions that I'm making, in the hope that it will help you to make those decisions in your own portfolios as well. All you've got to do is find the link that's with this episode, hit the link and subscribe, and that newsletter will start to come out to you every single week. I'd also really love to take this opportunity to invite you to drop me a review. I love the opportunity of getting to share these podcast episodes with you. It really helps me to better understand how we can do the best job that we can here at Money Mechanics. If you tell us your feedback. So drop us a review, tell us the sort of guests that you want. Talk to me and connect with me on Instagram, you know, talk to us on YouTube, wherever you are hanging out. Tell us how you're finding it, and we can make this the very best podcast it can be. Thank you again for being such a valued listener. I appreciate you all, and I'll speak to you soon. You.

Transcribed by https://otter.ai