I am considering entering either into managing capital or providing strategies through myfxbook for forex and other services for stocks.
The two worlds are very different on a number of fronts. One that seems to align, is that capital is prey to cons and scams. It impacts hedge funds, private managers, signal providers and so on.
So my idea (should I go into this business) is to explain my view on how capital has been taken advantage of and that in my opinion very few think of the clients first. That to make a difference in this world of fraud, scams and cons, I propose to empower capital unlike it has never been before. To take the risk I am capable of by saying to capital, It is fair for me to earn between a 1 to 5% management fee and a 20 to 50% performance fee. Having said that, I will leave to you to determine what fees if any I should be paid, in the form of a donation. Of course there will be those that might try to take advantage of my good intentions, but someone has to try and do the right thing. Someone has to have some faith in capital, they way capital has been forced to have faith in the mangers, systems and so on. It will force managers to keep the edge and remain sharp. SO many of the large funds make 100's of millions even while losing. The desire is gone because their belly is full and worst case this year will make another 100 million for nothing. It is time for capital to have options to that model. If the world has become a place where such an offering would not allow me to make a decent living, then I can close up shop and just trade for myself.
What do you think?
1000 pips a day will keep the Doctor away