3 answers
3
Asked 1060 views

How can you use your skills as an investment fund manager to build you own wealth

I'm a newborn to the business world can you explain it as so

business investment-management investment-banking investment
Answer This

+25 Karma if successful
From: You
To: Friend
Subject: Career question for you
3

3 answers

0
Updated
Share a link to this answer
Share a link to this answer

Carl’s Answer

Hi Dariyus. Thanks for your question. I believe it depends on how much money the wealth manager has to invest. Oftentimes, a wealth manager is investing on behalf of an institution or a wealthy individual. An incremental gain of 10% on a $1 million dollar investment can be $100,000 for the wealth manager's client but one has to have $1 million to invest to leverage that investment opportunity. If a wealth manager without the financial assets of his or her clients wants to build wealth, they may have to take more risks to get a higher return, borrow money to invest, or be content with the longer path to building wealth for themselves.
Thank you comment icon Thank you for taking the time to help. dariyus
0
0
Updated
Share a link to this answer
Share a link to this answer

Kenneth’s Answer

Hello, Dariyus. Thank you for your question. One of the benefits of acquiring a solid foundation in finance and investments is that your skills are transferable. Personally, I use the same general method for investing my client's money as I do my own. The basic principles such as proper diversification and keeping costs down apply if you are investing a billion dollars/euros or a much more modest amount. This is not to say that needs and circumstances are the same. People who own large sums of money have different issues and may use different investments than those with smaller amounts. An investment portfolio must reflect the needs and wants of the person or organization it serves. A portfolio manager who invests his/her own money should invest to reach their own personal goals. Those who lose sight of the basics stand to lose their wealth.

Kenneth recommends the following next steps:

Learn the meaning of the following terms: Diversification, Asset Allocation, Time Horizon, and Portfolio Rebalancing,
0
0
Updated
Share a link to this answer
Share a link to this answer

Cassandra’s Answer

A fund manager as well as other investment or financial advisers work on a percentage billed monthly, quarterly or yearly. If you want to build your wealth using smaller models for your own funds, you can do so, but you can't build your wealth with others money unless you are running a ponzi scheme and that's not legal. Lol
0