Bridger Pennington explains how day traders can use a hedge fund incubator to build a track record. Setting one up costs $4,000 to $5,000 instead of the typical $30,000 to $40,000, using a general partner and limited partnership structure.
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Day traders, if your goal one day is to run a big hedge fund, but you're not ready yet, you should look at using a hedge fund incubator. A hedge fund incubator allows you to pull in money from family or friends through a general partner limited partnership structure without spending $30,000 or $40,000 to set up the whole thing. You can usually set up one of these for about $4,000 to $5,000, and it allows you to build a track record with a fund so that a few years down the road, you can transition that into a full-fledged hedge fund. Now, if you want to learn more about this, I got tons of stuff on my YouTube channel, so go check that out.