Hello!
I was looking for some feedback on a business model that I've been dreaming (and acting upon for a long time).
Backstory:
2016: I was introduced to the stock market back from a friend. I discovered many different strategies like dividend investing, value, growth, etc.
2017: I got screwed over during the crypto craze but I lost mostly from investing in resources rather crypto itself (signal services, programs).
2018 / 2019: Studied a bit of Forex and assembled some trading models but moved on since Forex is a$$.
2020: Did alot of research on Futures and options and got into options trading. Invested alot of time and seeing nice results so far.
2021: Deposited funds into an account and tracking results for investors.
My question is, is managing capital for clients considered SCRIPTED?
I understand that Wall Street is considered rigged from the books that MJ wrote, but here is my reasoning via CENTS.
Control: The worst case is the reliance on the Stock Market. However, I did a bunch of testing and found way to negate risk and solid returns.
Entry: Obvious mantras like 99% traders fail and people going after large returns but don't worry about the large risks.
Need: People want solid records, without a doubt if I can prove that I have what it takes, the need is there.
Time: Atmost, I would only need to spent about 15 minutes per month to rebalance portfolios. That's about 3 hours / year (15 * 12 months). Most months, I would do nothing!
Scale: The US Market is the biggest in the world. My portfolios also use ETFs and the daily volume scale over 30mm. If liquidity is an issue, I would move to Mutual Funds, but that is unlikely.
My Current Plan:
I started tracking a portfolio for my investors since Feb 2021.
So far I have 2 people that are interested and love my transparency and support.
My family plan on allocating 100k into the conservative portfolio end of June 2021.
By 2022, I plan on making calls to Angel investing organizations and list my business to raise more capital.
Does it make CENTS?
I was looking for some feedback on a business model that I've been dreaming (and acting upon for a long time).
Backstory:
2016: I was introduced to the stock market back from a friend. I discovered many different strategies like dividend investing, value, growth, etc.
2017: I got screwed over during the crypto craze but I lost mostly from investing in resources rather crypto itself (signal services, programs).
2018 / 2019: Studied a bit of Forex and assembled some trading models but moved on since Forex is a$$.
2020: Did alot of research on Futures and options and got into options trading. Invested alot of time and seeing nice results so far.
2021: Deposited funds into an account and tracking results for investors.
My question is, is managing capital for clients considered SCRIPTED?
I understand that Wall Street is considered rigged from the books that MJ wrote, but here is my reasoning via CENTS.
Control: The worst case is the reliance on the Stock Market. However, I did a bunch of testing and found way to negate risk and solid returns.
Entry: Obvious mantras like 99% traders fail and people going after large returns but don't worry about the large risks.
Need: People want solid records, without a doubt if I can prove that I have what it takes, the need is there.
Time: Atmost, I would only need to spent about 15 minutes per month to rebalance portfolios. That's about 3 hours / year (15 * 12 months). Most months, I would do nothing!
Scale: The US Market is the biggest in the world. My portfolios also use ETFs and the daily volume scale over 30mm. If liquidity is an issue, I would move to Mutual Funds, but that is unlikely.
My Current Plan:
I started tracking a portfolio for my investors since Feb 2021.
So far I have 2 people that are interested and love my transparency and support.
My family plan on allocating 100k into the conservative portfolio end of June 2021.
By 2022, I plan on making calls to Angel investing organizations and list my business to raise more capital.
Does it make CENTS?
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