I regularly receive enquiries from traders that are unsure whether they are ready to set up an investment fund.
So this week, I thought I’d share what I believe to be common traits of traders that are ready to take that next step. Here are five clear signs that you’re ready to manage your own investment fund:
You Have An Excellent Trading Track Record
Clearly, to run your own investment fund, you need to have mastered the art of trading the financial markets. You can prove this with a verified track record that extends over a lengthy period (years rather than months).
You’re Running A Managed Accounts Programme
If you’re successfully running a Managed Account Programme, it’s a clear indicator that you have the ability to trade other people’s money in a live market environment. This is the primary skill you rely upon when running your own investment fund.
You’re Spending Too Much Time On Admin
Many traders that run a Managed Accounts Programme can struggle with administration tasks. This structure means that traders have to login to separate broker accounts to gather reports and documentation. This can be a time-consuming process. Managing capital through an investment fund solves this issue.
You Have An Ambition To Scale Your Profitability
If you want to maximise your profitability in professional money management, an investment fund structure is the only serious option. By pooling investor capital into one place, you can quickly scale the amount of capital you trade, which in turn will then help you attract more investors.
You Thrive On Delivering Under Pressure
Running an investment fund comes with pressure. If you’re the type of individual who excels in this environment, you certainly have the temperament to run your own investment fund.
Do you want to run your own investment fund? We should have a Skype call. Just email me and we can book a time that’s convenient to you.