Time for some proper due diligence/ independent auditing in our communities

[Euclid]

aka Yehuda Baumwolspiner

[Alexsei]

In the Mishpacha. 16.6% without even a disclaimer.

(Not getting into who they're using to promote...that's a red flag unto itself.)

fox guarding the hen house...

Also there's one obvious bullet point missing

[Euclid]

As a business move, it's a no-brainer. I know of a concentrated community of people with a significant demographic who fit my ideal client. I also know where to effectively market to them (mags), and how to effectively appeal to them (numbers and a frum financial influencer). If you were him, would you do anything different?

Definitely understandable, but also something to take into consideration. It feels off.

Another thing that weirded me out is the massive picture of R' Elyashiv in his office. I know that there can be reasonable explanations for it; but when contrasted with his current frumness level - it seems like he's overcompensating and trying to put on a front for prospective frum investors.

https://blackbirdfinancial.com/wp-content/uploads/2023/07/Berel-scaled.jpeg

[JMHO]

Also there's one obvious bullet point missing

What?

[ari3]

Getting serious bad ponzi odors.

What seems really shady to me is the fact that there is no mention on his website or in any of the  shareholder letters posted there what he is investing in. Only some vague theories and the like. Does he tell his clients what he is investing in?

[yomo]

He definitely sounds intelligent

[Alexsei]

What?

I moved my funds from the s&p 500 to blackbird financial.
Here's why;
- I'm a paid influencer
- I'm also not telling you how much I had invested and how much I moved because $1 is considered moved as well

[hcn0132]

If you watch this video and give money to this “fund”, sorry to say but you deserve what you get.

[liosac]

I moved my funds from the s&p 500 to blackbird financial.
Here's why;
- I'm a paid influencer
- I'm also not telling you how much I had invested and how much I moved because $1 is considered moved as well

Reminds me of these guys:
https://www.wsj.com/articles/gambling-watching-slot-machines-online-9bfc1345
How to Make Money by Losing $300,000 a Year on Slot Machines
Millions of people tune in to see others tackle the casino mainstay. ‘It’s fun to watch somebody else play with their money while you’re sitting on your couch drinking a beer.’
They lose 300k a year in the slot machines but make way more than that getting followers to watch them do it.

[S209]

aka Yehuda Baumwolspiner

Fascinating, I know his family. His brother just told me he moved back to Lakewood so the question becomes did he move back to advertise here or does he advertise here because he moved back.

[mevinyavin]

Reminds me of these guys:
https://www.wsj.com/articles/gambling-watching-slot-machines-online-9bfc1345
They lose 300k a year in the slot machines and makes way more than that getting followers to watch them do it.

[dealfinder11]

He definitely sounds intelligent

HUH???

[chevron]

21&22 saw some of the greatest growth in 75 years... Outperforming a market in 2 years isn't a big deal.

It's what you see after 10-15 years etc

Agree that's it's odd that they "own a portion of a billionaire dollar company" that tells you absolutely nothing.

[yuneeq]

Seems like people here are overreacting. They claim to have beat the market since their inception in 2014 by averaging 16% compared to 10%. Obviously there’s no guarantees that they will continue beating the market but that’s what they’re trying to do, and he considers it a failure if they don’t beat by at least 2% over long periods of time.

He seems to have the proper investing mindset even if you may not trust him to execute, he’s still pretty young. He’s not claiming any propriety strategy, just following the Benjamin Graham/Buffett method, and focusing on long term returns over short term gains.

[zh cohen]

21&22 saw some of the greatest growth in 75 years... Outperforming a market in 2 years isn't a big deal.

It's what you see after 10-15 years etc

Their 16% number is annually since 2014. The S&P over that time  was about 11.5% annually. The problem is that the level of risk with him is higher (even if he is 100% legit).

[whacked1]

aka Yehuda Baumwolspiner

I knew him when he was in 9th grade. All he ever spoke of was stocks and the markets. Not speaking to anything else, he was definitely investing from a very young age.

[liosac]

Seems like people here are overreacting. They claim to have beat the market since their inception in 2014 by averaging 16% compared to 10%. Obviously there’s no guarantees that they will continue beating the market but that’s what they’re trying to do, and he considers it a failure if they don’t beat by at least 2% over long periods of time.

He seems to have the proper investing mindset even if you may not trust him to execute, he’s still pretty young. He’s not claiming any propriety strategy, just following the Benjamin Graham/Buffett method, and focusing on long term returns over short term gains.

That should be obvious since hedge fund fees plus performance fees are typically well north of 2% plus you run the risk of not having liquidity when you need it as opposed to an index fund.

[yuneeq]

Their 16% number is annually since 2014. The S&P over that time  was about 11.5% annually. The problem is that the level of risk with him is higher (even if he is 100% legit).

There’s definitely more risk, even if he is great at picking stocks it gets much more difficult with scale. I just don’t think he should be labeled as a scam, but proper due diligence is definitely required.

[Euclid]

Seems like people here are overreacting. They claim to have beat the market since their inception in 2014 by averaging 16% compared to 10%. Obviously there’s no guarantees that they will continue beating the market but that’s what they’re trying to do, and he considers it a failure if they don’t beat by at least 2% over long periods of time.

He seems to have the proper investing mindset even if you may not trust him to execute, he’s still pretty young. He’s not claiming any propriety strategy, just following the Benjamin Graham/Buffett method, and focusing on long term returns over short term gains.

I tend to agree. I don't think he's trying to perpetuate an outright scam; but prospective investors need to go in with their eyes wide open - he's very young and is giving off some weird vibes that seem to indicate immaturity and/or inexperience at running a fund at scale.

[Euclid]

There’s definitely more risk, even if he is great at picking stocks it gets much more difficult with scale. I just don’t think he should be labeled as a scam, but proper due diligence is definitely required.

Lol jinx