To be financially well and healty you need to find fund manager

DrBeer

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Quote from: molsewid on January 03, 2022, 06:03:09 AM

Quote from: DrBeer on January 02, 2022, 01:42:34 PM

A financial manager for an ordinary resident? As for me, this is an overkill, unjustified and illogical. A fund manager is needed when you HAVE funds that you want to increase, and you do not have experience, knowledge, time, desire. Find out how much the manager's services cost? And then find out how much the services of a GOOD manager cost? It seems to me that it would be more effective to introduce the discipline "financial literacy" in the school curriculum from the very first grades to graduation. This will give a larger and more correct effect for mass consumption.

I think the service fee of a fund manager is quite expensive I don't know exactly how much but if you can afford to acquire the service of fund manager it will be a great help for you to manage your funds however like what I have said I believe it is quite expensive instead of having a fund manager why not educate your own and become a financial literate either. You will greatly benefit from it and you will get a free fund manager by your own right.

Absolutely agree ! To manage household finances, at the level of the average inhabitant / resident, a basic education and a working head will be sufficient. financial / investment manager - this is a completely different level, different amounts of funds, risks, responsibility, therefore it is not very acceptable for a "home investor". Again, education and personal experience are always positive and can be useful not only for personal use - maybe you will become, having received such knowledge, a financial manager for others

paxmao

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Do not die for Putin

Quote from: magneto on January 03, 2022, 06:53:53 AM

Terrible advice.

Take a look at how much hedge funds actually underperformed the broad based S&P500 index in the previous year.

Hedge funds and money managers are only useful when

a) they don't take a percentage annual fee and

b) your objective isn't to maximise returns per se, but rather to stablise returns even in times of market downturn.

It is all right to use Hedge funds in their right amount and in the right moment. The real good ones tend to have better tools than mere indexes to navigate the waters. For example Bill Foley was able to actually earn nearly a billion by buying credit default swaps right before the COVID collapse and that is not a chance in an index or in a nearly passively managed fund. As the rest of the things, this is a tool in the box.

carlfebz2

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Quote from: Silberman on January 03, 2022, 12:41:16 PM

Quote from: hello_good_sir on December 31, 2021, 07:56:12 AM

No.

Getting a fund manager when you don't have a lot of assets under management is probably the single best way to make sure that you stay poor.

They tend to charge exorbitant fees that simply eat away at returns in the long run. Avoid like the plague.

Correct, when your capital is small the most important thing we have to do is to protect it at all costs, this means that we cannot afford to waste any money or it is going to be incredibly difficult to reach financial freedom with such a small capital, this is why it is a bad idea to pay for courses when you can learn the same information from a book and the Internet from a fraction of the price, and the same logic applies to money managers as their fees are simply too high for most people to afford.

Not all would really be having that kind of capability on having a big capital on their initial investment which means that most people would really be focusing on small ones which i couldnt blame them off on why they

do really end up with those odd decisions whether taking up some loan or some sort but i would say that we wont really be needing some sort of financial manager since we could really make our own investment

decisions without relying with these things.All you do need is to make yourself learn and able to sustain yourself on this market on your own steps.

Silberman

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Quote from: hello_good_sir on December 31, 2021, 07:56:12 AM

No.

Getting a fund manager when you don't have a lot of assets under management is probably the single best way to make sure that you stay poor.

They tend to charge exorbitant fees that simply eat away at returns in the long run. Avoid like the plague.

Correct, when your capital is small the most important thing we have to do is to protect it at all costs, this means that we cannot afford to waste any money or it is going to be incredibly difficult to reach financial freedom with such a small capital, this is why it is a bad idea to pay for courses when you can learn the same information from a book and the Internet from a fraction of the price, and the same logic applies to money managers as their fees are simply too high for most people to afford.

magneto

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Terrible advice.

Take a look at how much hedge funds actually underperformed the broad based S&P500 index in the previous year.

Hedge funds and money managers are only useful when

a) they don't take a percentage annual fee and

b) your objective isn't to maximise returns per se, but rather to stablise returns even in times of market downturn.

DoverDoane

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the thing to do to be financially healthy, you need a job, not a fund manager.
to find a fund manager, you just create a job vacancy for a fund manager

molsewid

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Quote from: DrBeer on January 02, 2022, 01:42:34 PM

A financial manager for an ordinary resident? As for me, this is an overkill, unjustified and illogical. A fund manager is needed when you HAVE funds that you want to increase, and you do not have experience, knowledge, time, desire. Find out how much the manager's services cost? And then find out how much the services of a GOOD manager cost? It seems to me that it would be more effective to introduce the discipline "financial literacy" in the school curriculum from the very first grades to graduation. This will give a larger and more correct effect for mass consumption.

I think the service fee of a fund manager is quite expensive I don't know exactly how much but if you can afford to acquire the service of fund manager it will be a great help for you to manage your funds however like what I have said I believe it is quite expensive instead of having a fund manager why not educate your own and become a financial literate either. You will greatly benefit from it and you will get a free fund manager by your own right.

RealMalatesta

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Quote from: CryptocurencyKing on January 02, 2022, 04:55:20 AM

The thing is, having a fund manager is always unnecessary until it becomes something you just can't do without. Even in a sole business, your most likely to have a manager to take the time and look out for the growth and backdrops of your asset and wealth.

If you are a really successful person, you would fund out that, the more your success and wealth grows on you, the more managing it becomes really over whelming. This becomes a very disturbing thing and makes the need to have another pair of eyes looking and perhaps giving you an over view at what is going on in your establishment necessary. Worst case scenario, you having multiple streams of income and some really large once. It just becomes inevitable!

Even when you are richer than your wildest dreams, depending on the person this could be few million dollars or could be billions who knows. There is a situation where you could use crypto and be your own fund manager and that's fine. Sure in the asset world with gold and stock markets and all of that would be smart to get a fund manager because that is a different beast, it is a centralized beast and you may need someone along you that could help you with something like that.

However, crypto is not like that, in crypto you are your own king and that's how you get to become rich and you do not need anyone else to tell you what to do with the money you have. Buy any coin you want, sell anything you want, trade or hodl anything you want and that's fine because in crypto we have decentralization and there is nobody that can navigate you better than yourself.

LUCKMCFLY

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Quote from: stadus on December 27, 2021, 08:36:16 AM

Quote from: kawetsriyanto on December 22, 2021, 05:47:00 PM

Quote from: Alert31 on December 12, 2021, 09:29:15 AM

You don't need to entrust or find someone to manage your assets and investment. That's too risky! Don't trust anyone. You can manage your own assets and investment by your own.

Indeed. Letting someone manage your asset isn't the right way, surely it is too risky. I personally never think to find someone managing my asset or advice me about my investment strategy. I have my own way of investment and I may have a different way to manage my money. Having a fund manager probably makes it more complicated. But I agree that to manage asset/investment properly needs sufficient knowledge, we can learn it gradually. I think it doesn't need a special course, we can study it self-taught and prioritize to learn what is necessary only.. Grin

I would not close this kind of possibility in my life yet, maybe for now I can manage my funds because I don't have much, but in the future, if my hard work will pay off, then maybe I may need some fund manager to manage my funds. My ultimate dream is to relax and just let my money work for me, I think the job of a fund manager would fit my desire.

I think this is what we are all looking for, but there is nothing better than moving the money, not leaving everything in the hands of a possible platform that gives us profits or a bank, if we have good investments we can think that the best thing is to have it that way. one place to another, then what you want to look for is to passively generate money, and that is not bad, although if what you are looking for is that it is best to place your money in BTC which is the safest, for me it is much safer to leave My money in BTC than in a bank, gives more profitability, since a bank will not offer more than 24% per year, while in BTC that can be achieved quickly.

Oilacris

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Quote from: omone1 on December 28, 2021, 01:51:39 PM

I don't think a fund manager is really needed by someone like me and by some smart crypto analyst. Sometimes we that daily conduct research in this space may be even far ahead of these fund managers in finance. One can even get luck multi times during a bull run when we get early on a project. A fund manager could be very meticulous and miss out big.

Experience is the key and people should really realize that because we could really be much better if we do deal up with things on our own without much relying into those so called fund managers.

They are not offering the service on the first place if they were really that good on handing out finances by other people or by some clients thats why its not really necessary on getting one if ever
you do have the funds which you dont know on what you should gonna do.Its not really that worth to get one in the first place and as i said, you could really stand on your own if you do
know on what you are doing.

DrBeer

legendary

Activity: 3752

Merit: 1864

A financial manager for an ordinary resident? As for me, this is an overkill, unjustified and illogical. A fund manager is needed when you HAVE funds that you want to increase, and you do not have experience, knowledge, time, desire. Find out how much the manager's services cost? And then find out how much the services of a GOOD manager cost? It seems to me that it would be more effective to introduce the discipline "financial literacy" in the school curriculum from the very first grades to graduation. This will give a larger and more correct effect for mass consumption.

Alisha-k

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Activity: 840

Merit: 23

Quote from: judaspriest on December 31, 2021, 08:22:59 AM

Quote from: HashingTower on December 31, 2021, 02:48:56 AM

Fund manager you said op? Don't forget that fund managers are humans too and they can do the most cruel to you like carry away your money and never see them again? If you want to become anything it's wiser to train yourself in such ways, a business that's no more controlled by the owner will go astray sooner or later

The risk will of course always be there but we also have to choose a fund manager who is truly trustworthy and needs to look at the history as well,
it's definitely much better to start learning and training ourselves to do these things

and how do you get to know that this person is truthful and can be trusted with your funds?? Anything could happen along the line, you could be trustworthy at the initial stage to get clients and once that's achieved, the rest is bygone. I think in other to do away with this, it's wise we learn to manage our funds ourselves.

Ninecoffee

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saved this, to watch

Alisha-k

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Fund managers aren't robots, they're humans like you and I, the only difference between them and ourselves is that the put in much and give extra attention to their financial growth and life.

Am not saying it's bad to employ them, but it's a very risky and frivolous kind of life, why??
Now, it's risky in the sense that no one can be trusted when it comes to funds, most fund managers do away with their clients funds in the name of managing it for them, and it's frivolous because you can dedicate time to learn how to manage your funds yourself, the charges from this persons is usually high and can drag once finances down especially if you've not acquired that much wealth enough to stand. They'll be a difference in your growth process if you're running managing your funds yourself and no man's an island of knowledge, you could always ask questions my where necessary.

CryptocurencyKing

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The thing is, having a fund manager is always unnecessary until it becomes something you just can't do without. Even in a sole business, your most likely to have a manager to take the time and look out for the growth and backdrops of your asset and wealth.

If you are a really successful person, you would fund out that, the more your success and wealth grows on you, the more managing it becomes really over whelming. This becomes a very disturbing thing and makes the need to have another pair of eyes looking and perhaps giving you an over view at what is going on in your establishment necessary. Worst case scenario, you having multiple streams of income and some really large once. It just becomes inevitable!

Rufsilf

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Quote from: omone1 on December 28, 2021, 01:51:39 PM

I don't think a fund manager is really needed by someone like me and by some smart crypto analyst. Sometimes we that daily conduct research in this space may be even far ahead of these fund managers in finance. One can even get luck multi times during a bull run when we get early on a project. A fund manager could be very meticulous and miss out big.

You're really missing out what the OP wants to tell us. Yes, you're somehow right, that if you're just here in the crypto space trying your luck to make some good sweet profits then you really don't need to hire some fund manager. And when I say fund manager, I don't mean it's going to be some smart crypto analyst but I want to hire some fund manager because I want to divide my assets that I'm carrying and controlling to avoid being burned out. Fund manager is just an another person I want to hire wether I need some advice financially or another extra brain or pair of eyes to and to manage and oversee my assets as well so that I can afford some extra time for my family and kids or to socialize in public or some other colleagues.

judaspriest

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C O M B O

Quote from: HashingTower on December 31, 2021, 02:48:56 AM

Fund manager you said op? Don't forget that fund managers are humans too and they can do the most cruel to you like carry away your money and never see them again? If you want to become anything it's wiser to train yourself in such ways, a business that's no more controlled by the owner will go astray sooner or later

The risk will of course always be there but we also have to choose a fund manager who is truly trustworthy and needs to look at the history as well,
it's definitely much better to start learning and training ourselves to do these things

hello_good_sir

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No.

Getting a fund manager when you don't have a lot of assets under management is probably the single best way to make sure that you stay poor.

They tend to charge exorbitant fees that simply eat away at returns in the long run. Avoid like the plague.

HashingTower

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$CYBERCASH METAVERSE

Fund manager you said op? Don't forget that fund managers are humans too and they can do the most cruel to you like carry away your money and never see them again? If you want to become anything it's wiser to train yourself in such ways, a business that's no more controlled by the owner will go astray sooner or later

Oilacris

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Quote from: Silberman on December 30, 2021, 12:23:47 PM

Quote from: omone1 on December 28, 2021, 01:51:39 PM

I don't think a fund manager is really needed by someone like me and by some smart crypto analyst. Sometimes we that daily conduct research in this space may be even far ahead of these fund managers in finance. One can even get luck multi times during a bull run when we get early on a project. A fund manager could be very meticulous and miss out big.

The truth is that if someone has invested in bitcoin and was able to hold their coins for years then I do not think that person has a need for a money manager, the truth is that if you read books about the subject then you probably know as much as them, so the number of scenarios in which they are useful are limited and this is why the use of their services is not as widespread as the OP would want, still if you happen to be on one of the limited scenarios in which they are useful then I see nothing wrong with using them.

We dont actually need one if ourselves would be enough on doing so and also im not really that much on trusting out other peoples on handling my financial or investment decisions just some other people

do and its not really that necessary in doing so because you could financially well and healthy without touching these things.Although you do need to research up and do various things.

which should really be right or does fit on making you or reaching that certain financial state.

Topic: To be financially well and healty you need to find fund manager (Read 655 times)