President and Portfolio Manager
President and Portfolio Manager
Bill Cara, also known as the “Trader Wizard,” is a registered portfolio manager, writer and business advisor. He grew up in Toronto and was educated at University of Toronto, Waterloo Lutheran University (BA Hons. Bus., Wall St. Journal Student Achievement Medal) and McMaster University (MBA). He earned the MBA as a night student the same year he also became a CA (Chartered Accountant) and CMA (Certified Management Accountant). As an athlete in his younger years, he was his tennis club junior champion. At U of T, he was captain of the New College hockey team, and after that the President of the Toronto Chartered Accountant’s hockey league for three years.
Following five years in accountancy and eight years in medical/hospital business consulting, he joined the securities industry, starting with Dominion Securities (now RBC Dominion) and Dominion Securities Investment Management, later joining Housser Securities (EVP), Dean Witter Canada, and Canarim/Canaccord Capital (VP, Responsible Person, Eastern Canada). Following several years with his own trading firm in Nassau Bahamas, he returned to Canada in June 1999 to co-found Qtrade Investor (CEO, Responsible Person), an electronic broker that has been rated #1 in Canada in 8 of the past 10 years, sold later to Desjardins Financial Group for C$161 million.
About twelve years ago, he returned to trading in Bahamas where he started writing a blog “on capital markets and social equity,” which received “Best of the Web” and “Forbes Favorite” distinction from Forbes.com and appeared in Barron’s, Wall St Journal, and Investment Executive among others. In 2008, he wrote the hard cover book Lessons From the Trader Wizard (Amazon) and registered his firm Cara Trading Advisors (Bahamas) Ltd with Securities Commission of Bahamas as Securities Investment Advisor and with SEC as a Registered Investment Advisor. The company changed its name to Cara Portfolio Management Limited with an office in New York City and its trading desk in Chicago under Geoff Goetz. In conjunction with US securities attorney David Strawn and Greenfield Consulting Partners, Bill also provides advisory services to early stage companies needing re-organization and funding.
In April 2013, Bill pulled back from business, deciding instead to purchase a Neptunus 55 motor yacht, which he aptly named ‘Time&Space’, driving with his wife Pat (married June 1969) about 6,000 miles up and down the East Coast of the US, Lake Ontario, St Lawrence River, and the Bahamas. Since May 2013, he has been a seasonal member at Toronto Island Marina & Yacht Club where he and Pat get to enjoy the regular visits and weekend stays of their children Will and Stefanie and spouses, Fiona and Jonathan, and grandchildren, Caitlin and Owen. Never one to be far from a computer, iPad, or iPhone, he has an office set up on the boat where, for most days when not overwhelmed by visitors, it is business as usual.
Most recently, Bill has turned his attention to re-focus his involvement in portfolio management and writing; and to helping set up an investment fund for Cuba.
Interested parties may contact him via e-mail, or at the firm’s address.