- Here you can compare leading managed FX providers
- We can help you find a managed FX provider to suit your requirements
- Quotes are completely free and there is no obligation to make a deposit
- Complete just one form to receive multiple quotes / performance reports
- It takes less than a minute
I Have 10,000 To Invest – Consider A Managed Forex Account
“I have 10,000 to invest, what should I do with it?” I said that to myself in 2011. I had just sold one of my investment properties and wanted to put some of my profits into a high yield alternative investment.
I was a member of a wealth creation club and during one of the online meetings, I heard about managed forex accounts for the first time. I knew about forex but I didn’t know that I could actually get someone to manage an account for me. I thought “I am having some of that.” We were told all about how it worked and what profits we could expect.
Now, 18 months later, I am currently investing in 2 managed accounts and looking to invest in another one as I write. I have experienced how powerful they are and want to expand my portfolio. As well as having the capital and wanting to invest immediately, once I have 10,000 to invest from my current managed accounts, I will do so in a fourth account, therefore growing my portfolio all of the time.
I have a property in Cardiff, Wales, and I am thinking if I should sell it and invest that money in forex too. As you know, property prices have stalled at the moment and I want to become financially free as soon as I can, and I believe managed forex accounts can help me achieve my target passive income sooner, rather than later.
Below is an example of how powerful a managed fund can be.
If you had invested 10,000 four years ago and the monthly increase after fees was 6.87%, right from the beginning, you would have been receiving 687 profit per month. After one year, with the effect of compounding, you would be profiting over 1,400 per month. After another year, your profits would increase to 3,100 per month.
Below is another example using 50,000 with the same percentage increase.
After the first month, you would have been receiving 3435 profit per month. After a year, you would be profiting over 7,100 per month. After another year, your profits would increase to over 15,000 per month.
Traders have to make their money somehow and they do so by charging performance fees. They vary from 25% up to 50%. It is in their interest to make as much money for you as they can because they will make more money for themselves. I don’t mind paying fees because it means that I am making money, money that I would never have made without investing in a managed account.
As long as proper due diligence is carried out, managed accounts are a safe investment. You control your own brokerage account and the traders can only access it by virtue of a limited power of attorney that you issue to them. You can withdraw profits and add to your account as and when you wish and it is free to do so.
Up until a few years ago, only investors with a lot of money were able to invest in an account. The typical minimum amount that they could invest would be a million dollars. Now though, the normal account opening amount is 10,000 dollars, although some may let you start with 5,000 dollars.
So if you are like I was and find yourself saying “I have 10,000 to invest, what should I do with it?” you should really take a much closer look at this particular investment. To find out everything you need to know, please take a look around this site for more information.