Having been on both sides of the issue, I am considering the launch of a money management company. I am not yet sure what form (hedge fund, managed accounts, signal service etc)
The world is filled with people that prey on capital of all types. They do not care if its retirement, education or someones life they take indirectly. Cons, crooks and scams. It impacts hedge funds, private managers, signal providers and so on. No mater were capital looks, it is possible they are dealing with a crook. It seems to me as the world is evolving it is getting worse not better. So my idea (should I be able to launch it) is to explain my views.
Capital has been and is taken advantage of. I have had it happen to me in the mid 7 figures. It is my opinion fewer and fewer organizations think of the clients first. That is in all fields, but in the investment arena the world is filled with scams and cons. I propose to empower capital unlike it has never been before.
1. To make sure they are in direct control of their capital in their own accounts.
2. Deposited with a firm that can be insured.
3. That it insured against all matters except investment loss no matter if stocks, futures or Forex.
To take the risk I am capable of by saying to capital, It is fair for me to earn between a 1 to 5% management fee and a 20 to 50% performance fee. Having said that.
5. I will leave to the client what fees if any I should be paid, in the form of a donation.
Of course there will be those that might try to take advantage of my good intentions, but someone has to try and do the right thing. Someone has to have some faith in capital, the way capital has been forced to have faith in the mangers, systems and so on.
It will force managers to keep the edge and remain sharp. So many of the large funds make 100's of millions even while losing. The desire is gone because their belly is full and worst case this year will make another 100 million for nothing. It is time for capital to have options to that sick infected model. If the world has become a place where such an offering would not allow me to make a decent living, then I can close up shop and just trade for myself or go fishing.
What do you think?
The world is filled with people that prey on capital of all types. They do not care if its retirement, education or someones life they take indirectly. Cons, crooks and scams. It impacts hedge funds, private managers, signal providers and so on. No mater were capital looks, it is possible they are dealing with a crook. It seems to me as the world is evolving it is getting worse not better. So my idea (should I be able to launch it) is to explain my views.
Capital has been and is taken advantage of. I have had it happen to me in the mid 7 figures. It is my opinion fewer and fewer organizations think of the clients first. That is in all fields, but in the investment arena the world is filled with scams and cons. I propose to empower capital unlike it has never been before.
1. To make sure they are in direct control of their capital in their own accounts.
2. Deposited with a firm that can be insured.
3. That it insured against all matters except investment loss no matter if stocks, futures or Forex.
To take the risk I am capable of by saying to capital, It is fair for me to earn between a 1 to 5% management fee and a 20 to 50% performance fee. Having said that.
5. I will leave to the client what fees if any I should be paid, in the form of a donation.
Of course there will be those that might try to take advantage of my good intentions, but someone has to try and do the right thing. Someone has to have some faith in capital, the way capital has been forced to have faith in the mangers, systems and so on.
It will force managers to keep the edge and remain sharp. So many of the large funds make 100's of millions even while losing. The desire is gone because their belly is full and worst case this year will make another 100 million for nothing. It is time for capital to have options to that sick infected model. If the world has become a place where such an offering would not allow me to make a decent living, then I can close up shop and just trade for myself or go fishing.
What do you think?