Member Spotlight: Evan Buenger of Buenger Capital Partners
Are you a dreamer, risk-taker, or doer?
I began studying the stock market when I was twelve years old. Then, while in college attending St. Louis University, I decided to take an extended leave of absence to start Buenger Capital after noticing that what I was learning in finance classes was not what I had observed to be true in the markets. This move probably makes me somewhat of a risk-taker, as dropping out of school goes quite a bit against the conventional wisdom. However, things have not always been easy, and during those hard times, I’ve had to just decide that failure is not an option and to keep pushing forward. So, I suppose I’m also somewhat of a doer.
This year, I entered the U.S. Investing Championship to keep myself honest in my trading and to keep score alongside some of the best traders in the world. If there’s one thing I’ve learned from the experience, it’s that there’s always someone better – but that’s why you have to just keep trying to improve every day and always strive to be the best.
As fellow entrepreneurs, we would love to hear about your business.
I started Buenger Capital in early 2018 with the intention of managing the investment capital of family and close friends. We trade stocks, options, futures, currencies, and bonds in an attempt to beat the market every year by as much as we can manage. As of September 30th, our return year-to-date net of fees is 82.9%, though in hindsight, we feel we could have done much better. In the future, we hope to hire and train more traders to help manage our firm’s growing capital base and spread knowledge of the markets through the region, because in our opinion, the stock market offers the greatest opportunity— regardless of background— for true wealth on the face of the earth.
Who is your ideal customer?
Currently, Buenger Capital is closed to new capital. However, though we are prohibited from giving advice, we are always ready to provide a list of great books from which aspiring traders may learn more about the markets, build their own trading businesses, and take control of their own financial futures.
What are your top tips for entrepreneurial success?
The keys to successful stock speculation, as well as business in general, are perseverance and risk management. Anything worth doing will always have rough periods where you just want to give up. But, you keep trying, learning, and adapting until things begin to work. I find that when things begin to work, the momentum is exponential. Risk must always be managed, because if you are risking too much of your startup business’s scarce resources on any one risk factor, you open yourself up to failure. Always keep your worst-case scenario in mind, so you know even if it does come to pass, you can live to fight another day.
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