Here’s a simple truth.
If you want to make progress in professional money management, you need a verified track record of your trading performance.
It’s the first thing prospective investors will look for.
The better your track record, the easier it will be to attract investors and capital.
Depending on where you are in your professional money management journey, there will be different ways to acquire a verified track record.
The goal of this email is to shed some light on the processes.
Option #1: Investment Fund Structure
If you have your own investment fund, verifying your trading performance is simply routine (it’s a regulatory requirement). The IFINA team calculates our clients’ fund net asset value on a daily basis. Plus – each fund is independently audited annually by our partner accounting firm, Baker Tilly (Cayman).
Option #2: Outside An Investment Fund Structure
If you’re at the start of your journey, you may not yet have an investment fund. Should you fall into this category, here are two additional ways you can build a verified track record.
First, you can purchase a trading account audit from an independent accountancy firm. This firm will evaluate every trade you have taken (usually over the past year) and calculate your overall profit/loss.
Keep in mind: audits can be expensive. But I might be able to help here. If you want an audit, I’d be happy to make an introduction to our partner accountancy firm, Baker Tilly (Cayman).
Alternatively, if expense is an issue, you could hook your primary trading account up to a service like MyFXBook or SimpleTrader. These services track the overall performance of your trading account in a transparent way.
Ready to manage your own Investment Fund?
If you want to create your own investment fund, we should talk. Feel free to email me and we can arrange a call on Skype.
Thanks for reading – I’ll be in touch next week with some more content.