LitheInvestor
PARKED
- Joined
- Feb 20, 2011
- Messages
- 3
Rep Bank
$65
$65
I want someone to manage my small account..not necessarily from this forum but I was wondering what the legal stipulations of this is.
About my assets:
-Very small forex acct (only $xxx-$1,xxx) compared to the big boys, but for someone from a smaller economy country were wages are lower: say India or Indonesia it would be worth their time to manage the account And it would be something I add to every month
Basically my goal is to find someone that has decent success with management of an account and share profits with them of say 20%.
Is this viable? Is this legal to outsource account to completely different country? Anyone has had experience with managed accounts? My idea would be to share the profit with the individual by paying them through paypal for whatever profit was made. I suppose there may be a language barrier too..
The risk would more be with them..but this encourages risk taking by the manager so it would lead him to more profit.. I already have the account in place and from the looks of it the risk would lie in their hands quite a bit (I don't see how they could steal my acct and identity by just having access to my password for example)
If anyone has some advice would like to hear this.
About my assets:
-Very small forex acct (only $xxx-$1,xxx) compared to the big boys, but for someone from a smaller economy country were wages are lower: say India or Indonesia it would be worth their time to manage the account And it would be something I add to every month
Basically my goal is to find someone that has decent success with management of an account and share profits with them of say 20%.
Is this viable? Is this legal to outsource account to completely different country? Anyone has had experience with managed accounts? My idea would be to share the profit with the individual by paying them through paypal for whatever profit was made. I suppose there may be a language barrier too..
The risk would more be with them..but this encourages risk taking by the manager so it would lead him to more profit.. I already have the account in place and from the looks of it the risk would lie in their hands quite a bit (I don't see how they could steal my acct and identity by just having access to my password for example)
If anyone has some advice would like to hear this.
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