How to become a money manager?

Hi!

I recommend that you continue operating with your own capital for 1 or 2 more years.

If after that you are profitable and consistent then you can think about the idea of managing other people's money.

Imagine that you are not prepared and you are just having luck, it would be a total disaster.

 

Unless you have money and "connections" (others with money), it's a very long shot.

1. You need a verifiable track record with real trades, probably at least 3 years... and even if you can do that... the fact that you "did it with your own small money" won't mean much to those with big money.

2. You need other people's money to manage. First way to get that is to have some big sponsor bundle the money for you... like a big brokerage house or established money manager. Second way is to attract it yourself... very difficult.

 

trendofmakingmoneyisyourfriend and potential clients as well.

Without that there is no need to worry about accounting and sales ... and ... and ...

 

Enter and place well in the United States Investing Championship.

 

Ha! First, stop trading paper and start trading with real money, preferably your own. Get some skin in the game! Any capital holder will laugh in your face if you show them nothing but paper profits. Would you hand over $100,000 or more to someone who had nothing to show but Monopoly money?

Check back with us in two to five years, showing at least a 12% annual return.

 

That would be a start. Is the contest still going on?

 

learn, analyze all your actions and extract all the advantages from them, this is the only way to achieve something

 

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LOL. IT is easy/with Monopoly Money.
WITH 80% not even able to beat a benchmark like SPY. Trading is one of the more difficult ways to make money, investing may differ.
Other peoples money[opm] is very different from making a long term track record for yourself..................................................................

 

As far as I know. You can google for 6 month results.

 

Three years ago I took part in a competition to receive money for management. The competition was run by a prop firm that traded stocks on the NYSE market. I paid money for participation, the competition lasted a month. I had very little experience back then and failed. But I saw how others can trade and it inspired me. Therefore, in order to become a capital manager, you need to find such a prop company, pass a competition, prove that you can make money and you will be given half a million to manage.