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Even you are not interested about managing your wealth right ways this something whats important.
Sure you look at the rich and wealthy ferrari lambos...bentleys but u dont realise one thing.
All what the rich are doing different then you is they manage their finances smart ways and as soon as u do it same the quite same future will wait for you.
First thing is find someone from your social circle who knows how to manage investments stock market crypto and gold...forex and he or she have some skills and quite stable history of growing profit dont look of those who just got lucky to buy shiba...lol look for those who knows about finances as instutional rules wall street and can do good portfolio management and who knows about risk managent.
Look for those contacts give them funds to manage or get financial advice and you will see your wealth situation will going better step by step.

Dont try to invest and learn hard ways with ur own money let everybody do their own thing let the someone who got all ready those experinces of loss will use his experince for your advanced.

Thats just a another simple ways to become wealthy ...our schools are quite useless they really dont tell you how you should do things proper ways.

Everyone should know the basics of financial literacy. It should be in the school curriculum.
To be honest, I would not trust my acquaintances money without understanding how the market or other business works.
They will say - the market has fallen, and will run away with your money, and you will not even know that the market has grown)

If u manage right way funds it dont matter if market up or down.

Also a great way to lose friends while losing money.

Want to invest in...

...cryptocurrency? Buy a hardware wallet and get yourself some Bitcoin.

...stocks? Find a cheap non-shitty broker (ie. not Robinhood) and invest in a low-fee ETF that tracks a broad index like the S&P 500.

...bonds? Might just as well stay in cash.

...forex? Not an investment unless you reside in the likes of Venezuela or Turkey.

...gold? Just get gold, I guess?

Make sure you understand the asset you're investing in, don't try to time the markets, set yourself an entry and exit strategy in advance, DCA in, DCA out. Easy peasy, this is not financial advise, lemon squeezy. Won't make you rich, but should build a good foundation and in the long term will likely fare better than the friend of a friend of a friend.

May I ask what do you mean by this?

What kind of nonsense? 

Yes DCA 1% buying when prices going little bit down and 2% when prices goes down little bit more then just little bit then 3% of your portfolio when price per asset does it even bigger drop such us  20-30%

The managing finances right its goes like this u either do it right or u dont do it.

Also u need to have fundamental knowledge about solid assets do not fall on scams and dont waste ur funds to invest crap scams.

But thats why is best to find pro trader who can manage ur funds.

That foreign fiat currencies are not really an investment, except maybe for cases where your local currency has been heavily hit by inflation.

There's also forex trading, of course, but that's a wholly different beast.

Ah, okey.
Thank you for your explanation I wanted to know what you meant. I am from Venezuela.

Overconfident, but as a salesman you fit this bullshit. No one will really follow your advice.

So what do you really want to say? You say: Don't do this, don't do that, don't invest in this, don't invest in that. Do this but you don't do it yourself. Learn about this, but you say kmai school is useless. Stop the bullshit and give me a much more pleasant argument for us to discuss.

Okay about the fund manager? not Forex because it's bullshit, or do you get caught up in it and suggest others to follow?

One of the financial management there are 2 saving and investing long term.

Well, let's extend both from the perspective of long-term benefits and potential future support. We are in the crypto community especially Bitcoin, but that doesn't mean we force others. Just take a look at our output and try to follow the procedure how we achieve it until you are interested.

Nop im not making this topic to be that kind of financial fund manager here and not going to give investment advice here.


All of u here instantly assume bad about every f..user here.
Im not that kind of person u think im not gona sell s***t here just i try to enlight you and give some good tpughts of little bit education.

When that comes to managing the investment stock market and crypto and gold, I prefer to be my own manager because I do not want to give trust other people to manage my funds. I can hire an employee to manage my business but not my investment or my money because they do not really know what exactly I want.

That is why if you want to involve deeper in the investment, crypto, stock, gold or another type of investment, you need to keep learning to know what you need to do and decide because the decision will be the hardest part that someone should take. I believe that is the process for someone who wants to jump on the investment side.

So you are saying rich people are rich because they all have a manager to manage their investment funds? If that's true then why those fund managers are doing work for others. They can be rich by using their fund's managing skills. Your fund's manager can not predict what will be the price of gold or BTC next year. So what they can do is DCA and in the end, you will see you have a great entry with a lower price. You can do that too and you don't need a fund manager. Just get rid of your greed.

This is actually true. We are not taught the financial investment lessons in the education systems and there is just so much to understand that we can’t do this alone. In the current scenario we have chartered accountants who know how to manage our wealth because they can reduce the taxes, tell us about proper mutual funds, trading money budget and EMI management. You can’t do that alone and it’s always best idea to have them at your dispersal. There are many tricks and tips you can actually get from these guys and have your CIBIL score increased. This also helps you become financially sound.

Everyone can have their own strategy regarding this, many people will use fund manager and leave her anything to be managed so he can enjoy his life while the fund and account manager is doing the money management for him, but the main question is why do we have to trust some fund manager to leave him our works, I mean we cannot make sure about the quality of the fund manager. everyone whos active and investing in financial markets should know about money management and do his own works because even if he is going to lose money over the investment he did, he will learn from it and this will grow him on the market instead.

If you are just an average joe, do you really need to hire and find a fund manager?

So for me, this doesn't fit at all, experience is the best teacher, of course you can lose money along the way, but it will make you more smart about how to manage your own funds.

Crypto? just learn the basics how to protect your asset and then buy bitcoin during dip and hold for a hold term. It's not that complicated.

@OP do you think there's no one know a rich person has a financial manager?

What you need to know is you need to pay a very good amount money to the legit manager and you must a billionaire in this matter. All people were want to hire financial manager, but they're not a billionaire and only average person... they didn't even can to pay the fees to the manager.

The another reason finding a financial manager isn't easy and I don't really believe it, except he's knowledgeable but lack of money so he need to work to earn capital. He would do trading himself and earn a lot money, why does he need to teach other person?

It is just my opinion. 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. All you need to do is to acquire knowledge first about investing before jumping into it. Whatever kinds of investment, you need to learn first.

The sad thing is, it is limited, some people don't even have the right amount of money to hire a fund manager. Most of the people who engage in crypto have small starting funds solely depends on their own knowledge and research, including luck. I guess in my case it's different, there are people who are somehow expert on this, they give me advice and it is for free, what they have will also be in my portfolio since I follow their advice on which one to invest. Good thing is I made the right choice having followed their instructions.

This is absolute rubbish. Anyone who is willing to spend just a little time learning about finance and the basic tax laws of your country in relation to investments will be vastly better off buying into funds directly, rather than adding an extra layer of fees that an external financial advisor will charge you. If you do not have the time to learn the basics, then you should definitely make sure the financial advisor is completely independent (working  for your interests only, not just the best commission rates for themselves). and has fees that are close to the lowest in the industry. It's so easy to get ripped off by going with such an advisor and they very often will just put your money into a fund that you can buy yourself directly with little added value.

Before making such an advance step to manage funds it must mean you have quite a good amount of money, because hiring someone to manage your funds and assets is not cheap, and if you don't have such an amount yet then why bother, I think this suggestion is for certain level of people and not the average people. In any case, I think I can manage my funds just fine for now.

in this case I prefer to manage my own finances rather than being helped by others.
maybe for some people this is a profitable thing but not for me.
I really need help in terms of financial management which is still a scourge for me because sometimes there are moments that get me when I am emotional in trading or investing. but entrusting to others I don't think I need to do that.
talking about knowing the right and right ways in investing can actually be done when we have the will but managing finances by other people I personally don't want that

Agreed, it is better to keep our money and our friends apart as this only creates problems over the long run and ruins a perfectly fine friendship.

And about investing, money managers make it seem more complicated than what it really is, why? Because they need us to make their own profits, anyone that knows enough about the economy to understand the fiat system is a scam can put together a simple and effective investment plan, as long as they are willing to buy and hold good assets for decades, but obviously money managers do not want people to know that.

This is true that school does not teach how to get rich. So can magnify the inbuilt knowledge in someone and get you ready to utilize what nature has deposited in you.


I think that risk management is not only when you reduce your risk but also entails diversification of our investment. So looking for advise on investment diversification is part of the knowledge we need. Buying coins and hodling isn't just investment but also staking our investment help us receive profit from different angle.

It's hard to find a trusted friend or fund manager nowadays since this era is different than the past but if you have someone that you can trust, you are lucky. Anyway, if your point is someone needs to manage someone's property/assets/funds so that they could maximize their profit then I think there's no point of learning something in crypto market if you could just simply hire someone when infact you could just do it all by yourself.

Why hire someone if you could do it and own the money you're supposed to pay for someone to handle your account. Plus it's not safe to let someone trust your funds cause anytime they could just run it away from you or worst do some bad things to you.

We do not know if that person can be trusted or will betray us and run away with our money. If we can learn to manage our money, we do not need to hire someone to manage our funds so we can save the money for other things. Most people out there do not hire someone to manage their funds instead of trying their best to do that because they need that money for their lives. I also trying to manage my funds and want to learn how to manage them right.

For me, if you can trust someone you don't need to look for someone to manage your assets if you trust only in ourselves to go investing.  since we don’t know the risky is until then, be sure not to trust anyone.  in what i saying You can manage your own assets and investments with our own diligence no need to look for a partner.  All we have to do is study hard to get real success on our own and find out before you enter into any crypto entry or an investment, or even any type of investment, need to be sure and need to be learned before  participating.

My money, my own rule. Why would you let someone manage your funds for you? You don't have time? Well, this applies to those companies that can't manage their investments. But if you alone are the one who has that investment, why are you going to do the same as theirs if you can do it alone?
There's a possibility that the profits you've made will just go to the fee of the fund manager. It's better to acquire experience, failure and wins with your own handling skills.

I thought you went sarcasm lol but you really do not know what that means . for real are you just okay , fine living in there at venezuela ? it's like nothing really big happening there in your place as you didnt even realize that sarcasm.

It could be a desperate guy that dont know how to manage money and fear of the risk managing it alone.

where actually it's riskier to hire a fund manager for you lol

Life here is not easy, I can't complaint I have done worse before, but because the whole situation here, all honest people has lost something: houses, family members, money, health, time and even lifes have been lost.

I am not an expection, but my situation is not as bad as used to be for now.

I don't think that guy is desperate, if he wants to do it then he's free to do that. But before doing so, why does he should try it on his own? Where he has the authority to his money wherever he's going to invest on it. As the same rule applies, it's his money and we don't know what's with his reasoning. But if he hasn't tried to manage it on his own, he should give it a try before proceeding to the plan of getting a fund manager. Well, he probably doesn't also know how it cost to hire a fund manager.

It depends on how big your investment is, if you are just invest on one investment instrument like crypto then you don't need any financial manager or advisor.
But for the people who has a lot of investment instrument in different sectors, to manage and analyze the investment i think we need at least one personal investment manager or analyst to help us to make decision what best to do in the future. Having a manager doesn't mean we passed the privelege to the manager to do anything without our acceptance, they will just giving a suggestion what best and the final decision is still with the owner.

The funds needed to hire a manager, I think, are not small, for sure, so before that we have to consider whether we really need a manager or not.
and that again depends on everyone's needs because I'm sure not everyone needs a manager

I don't get why would I need to trust someone else with my finances? I mean am I so inept with economy that I would not be able to manage it myself? Plus am I even rich enough to require a fund manager? I would say that in the world of crypto, saying that you need a fund manager is the most futile attempt I have ever seen to defend investment banks.

We are in crypto, I can simply buy bitcoin with whatever money I have left at the end of every month and that would be fine, I do not need some other person in suits telling me what I should be investing into for some commissions, they are just out there to make money for themselves and do not care about what you do, as long as you trade with them they are happy.

a financial manager would be very useful for large companies that require structured financial management, but personally I don't think it's necessary for someone like me. actually we can understand what to do, but sometimes we can't resist the urge, even though it's not really needed, so there is an increase in expenses, and if this continues it will have a bad impact

If u dont want to be poor then do the same as rich does it
Poor community need to come together and find financial manager

Stay safe and take care!



You want to know how the rich do it? By starting off rich. If they didn't start off rich, they became rich by either working as highly trained professionals or by starting a business.

If you're low income, no financial manager in the world can make you rich. They can only make false promises about making you rich and will most likely enrich themselves with what little you have.

The only person that can make you wealthy is yourself. And even then you need luck. However not falling for scams or shady financial advisors is already half the battle.

I know that to be financially balance you need someone who will curb you of your excesses especially in spending. For instance, I do participate in signature campaign and once I get paid the next thing on my mind will be to cash out but my mentor sometimes will bring me to reality that you don't eat with ten fingers.

You don’t learn how to become rich or how to make money in schools. Schools are only going to teach you how you can study and get a job to work under someone.

Although that is kind of changing this time since there are now schools that are now teaching their students on entrepreneurship, although these entrepreneurship studies are mainly developing skill based jobs so that students can be able to start up a business of their own which is quite, but I think they should add investment into it and start teaching them about investment and trading, such stocks and cryptocurrency, so that students can have an idea on what all these things are all about before they are old enough to start them.

I think of it pretty simply, rich people can always pay others to do their job, whatever the job is... but on the other side ordinary people have to do many things by themselves, simply we can't pay for everything, we don't have enough! And I am sure that with "help", any kind of help, it's always easier...

I agree with you that with the group everything can be done better, a strong community that is ready to sacrifice some things to achieve more in life will have more chances for achieving that will be in great advantage over individuals! But forming a strong group is not so easy as it sounds!

Becoming rich sometimes has its own price... people should think about that as well!

There are those people that are stocks investor and yet they've chosen to have a fund manager. Without knowing, their profit is being deducted just to pay that fund manager that they've hired. They've thought that it's a service for free but no way, there's no free anymore for a service.
That's why whether you're a stock or crypto investor, it's better for you to know what you're investing so your profit won't be allocated to anyone that you're hiring for their service.

And you do not really need it, just by being on this forum we can make some assumptions about your level of knowledge about the economy, and believe me most people here are way above the average person when it comes to that, so the simple strategy of buying bitcoin and then holding it is going to bring you more profits than what most money managers can offer you, and the ones that could offer you more probably need a minimum investment of millions of dollars so they are out of our reach anyway.

how far can we trust others in managing crypto funds. for example, BTC keys are advised to be kept secret, so that some say what if I die and what my BTC future will look like. This is a small example, it is very difficult for everyone to leave their money to be managed by someone else, unless there is a law. whereas Crypto stands alone, in case of mismanagement of money, we cannot sue them.

if you are a person who has assets everywhere and is not able to manage them all, yes to me you can. it is very good for you to leave it to the manager. but for those who only have standard wealth and are able to manage themselves for me there is no need to bother paying their salaries. never be lazy, because the purpose of work is to make ends meet.

That is the thing, money managers do not work for free, and after all why should they, right? However the more costs you add to whatever investment strategy that you are using the smaller the profits you could get, this is why the richest persons alive do not really use a money manager and do all their investment decisions by themselves, this means that it is imperative that we learn how to do that ourselves as well, as not only it will increase our profits over the long term but it will reduce our costs as well, which is just as important.

This is needed one for people who hold funds atleast in millions. For common people who hold small volume of investments there is no need of fund manager in my view. Everything is a learning, the small experience gained out of our own experience could make thyself a fund manager. The market is in need of potential people, and fund managers mostly accept certain percentage of profiting apart from the salary.

Come on! that one reads your OP and ends up thinking ... crypto investments are not rocket science, at least not to start with an asset like bitcoin, what is needed is common sense, to find out as much as possible and then decide whether to invest a few dollars.

If you are going to invest thousands of dollars, I think that most of the people have the ability to decide in the corresponding actions, most of them have them when you have bought an asset of value any, so course there is a bit of judgment in making decisions.

Finally. Learn on your own even if you are going to use an investment management company, you should know what they are talking about.

Also, if you are talking about small funds, you don't need a fund manager to take care of your financials. Only those with so much wealth and those with no time are getting their own fund managers. But if you are just a regular crypto user with small to average funds, you can very well take care of your portfolio. And as you said, it is better to learn on your own, because it will help you understand what is really going on with your money. In that way, you can easily decide whether to pull of or retain your money to specific investments. And it means, you are not in the blind spot here.

If you want to hire someone who is a finance expert, you must be very selective to find that person and it is better if we really know who he is and everything else about him so we can trust him to manage our finances.
I see many samples from other people who hire a local accountant but then their accountant is run away with the money so that is why we really need to be careful giving trust to other people.
We can trust our family to manage the finances, but we still need to double-check their ability because if that is related to a lot of money, someone can change against us, no matter how and what they will use.

When we have and can make a lot of money I don't think it will be a problem to hire someone to manage the finances,
but if it is not possible we can try to learn about managing finances well,
there's nothing wrong with trying to learn it and you need to be patient too because everything takes a process

Financial management does seem easy, but not everyone can do it well. most of them can not resist the desire that is not really needed, so there is an increase in spending, and finally we become shocked at the expenses that are felt to be a lot. if you really need a financial manager then there's nothing wrong with it, it all depends on each individual

Exactly, when we have so many assets, hiring a professional is just a hair of that part of the property and above all, the assistance of a financial manager saves us time, even just by looking at their work reports we already know how our spending and investments have turned out for the year. However, getting to such a level is probably often the case with millionaires and billionaires as well as international corporations, small communities and ordinary employees like us who do not possess a wide variety of assets, no need for a counselor, an effort from personal study is more than enough to meet a healthy financial need

Well it all depends on the school you graduate from and the most important thing is the course you study while in school that will determine your level of financial and risk management.

All what the rich are doing different then you is they manage their finances smart ways...that's a huge oversimplification of the issue. That's definitely not all the rich are doing. Some of them have come from wealth and have both financial stability to play with investments and acquaintance in the field. Others have just been t the right place at the right time. So it's not a cookie-cutter situation. And what's the definition of financially well and healthy? That is not a one size fits all thing as well. 

Actually, financial management or financial literacy are not directly taught in school not unless you're course in college are more focused on how to manage financial aspect but in my case, since my course is far from financial management this kind of educational aspect was not taught. For me, I believe that financial literacy comes from you, it comes on how you would go to educate yourself about the financial aspect, for me, it is a self-learning aspect of education. The fund manager is in need, I believe so, but if you can't afford to pay for a fund manager then it is much less in cost to educate yourself.

Finding a professional fund manager for even a 1 million dollar Folio won't make sense at all, the ROI that you would be getting for such a portfolio won't even be enough to compensate the fund manager's fees, moreover there is no way you can trust a relative with all your portfolio, these days everyone acts as if they are a fund manager, they will spit two intelligent things about the market and act as if they are market gurus. I suggest you to do your own research rather than trusting anyone else with your portfolio.

You don't really need a fund manager if you really want to be financially healthy.
All you need is the right strategies, planning, double or triple income.
Is your money working for you ? Yes hen you have chances of becoming financially stable.
Be disciplined enough to avoid material things,they don't teal matter.

I personally don't seem to need a fund manager to manage my finances, because I can still manage it myself, unless I have a lot of assets and are too busy to manage finances because of the many needs that must be met. so in my opinion as long as we can control it ourselves, it should be managed privately, so as not to add to the burden of our needs, of course the fund manager costs are not small

The reason for fund manager is simply the obvious, that either there is too much assets to control and or that someone is too busy to control what they have. It is always that being busy means that there is a lot in your hand to manage and therefore you need a helping hand to help in business.

I doubt that money managers are that necessary to begin with, if you do not have money then you cannot pay for a money manager and it is not like you actually need one as you have no money, but if you have money to manage then that means that you were smart enough to manage your time and money so you could become rich, tell me do you think a person like that needs a money manager? Of course not, if the money manager was as good as they think then they will be rich by themselves and will not need to manage the money of someone else.

Self literacy on how to be financially well and manage your money in a healthy should be self taught, everything is available now on the internet and there you could find different ways how to circulate your money, you just have to sort that things out on your own on which move or ways is going to fit you. To be financially well and free is so important instead of just living in a lavish lifestyle without investing it.
Also, there's no need to hire someone to become your financial advisor. You just have to meet them in a place where you could talk and take some notes on what is the best thing to do and pay them on the spot one-time to avoid paying unnecessary funds.

What is the use of getting advice when there is no income or a minimal income to even satisfy the basic needs. Yes many approach fiancial advisers to plan the investment and expenses on the right path. But yes for those who are not up to the standard or below the standard, I dont think a fiancial adviser will require. I have mostly seen the business men usually approach financial advisers to minimize their expenses on the unnecessary items to bring down their expenses. For such people its is yes required but not for all.

It is proven that over 90% of actively managed funds will under perform a passive index tracker fund over long periods of time and you should be careful thinking that you can pick the 1 out of 10 active managers who might beat it. Actively managed funds also add on a heap of unnecessary fees and it is in their interests as management to see as much portfolio turnover each year as reasonably possible. You could lose out 2-3 percentage points each year, which over time will eat away at your potential earnings. Everyone who wants to invest in funds should stick with passive index funds that accumulate over time and have been shown over decades to capture the average returns of the stock market which is the best you should hope to get for little time investment.

No depending on the rationale behind it, you can require the services of professional to take up your finance and guide you well on the normal thing to do for growth in your business and finance. This is how to professionally plan your self. Example some companies higher financial analyst that will help them in different aspect of the business especially if they are just starting up and maybe doing an IPO (Initial Public Offer). This is just one example and there are many other needs to higher some experts to advise and you don't need just one time pay off because you need to grow before relying on your own effort. Companies higher financial experts to run the business.

Actually it depends on the needs of each person because not everyone needs a manager,
if we have a wide variety of investment assets i think it definitely needs it,
I hope everyone can be aware of that because doing everything will not get maximum results

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..  ;D

Would only be just good for those who do have that money which is more than for an average joe to have on which you wouldnt really be minding on paying someone on where you do seek off some advises and recommendations on how your funds should be handled.Yes,this is mostly can be seen with those wealthy or rich individuals but for us who do only hold a few then it would really be just
common sense that you wouldnt really need this at all.

Being financially well would always depend or matter on someones decisions whether he do wisely spent up his finances or simply wasted up on some different purchases or investments been done.

On the time that you are seeing that you do have a big problem on this part then its not bad to take this option as long you could able to pay up.

Well that is at the discretion of each person according to their needs, but if in case of having many things to do and not having a life of their own, I prefer to hire someone specialized to handle me and administer everything without any problem, because you can manage oneself, the bad thing is that when the complications come, the tax return and all the duties, the ideal is to be well with everything.

If peace of mind tells me that I have to hire an administrator to get rid of problems, without thinking I would do it, on the condition that I keep updated on my finances.

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 have not thought about that but you are indeed right, after all I had thought that if someone was rich enough to hire a money manager then they do not really need one as they were able to obtain a fortune without them, however if they are tired of managing their money and the only thing they want to do is to enjoy it then it makes sense to hire someone else to deal with those issues while they relax and enjoy the rest of their life.

I somehow agree with your comment but it is, however, advisable to learn the basics of financial literacy from a fund manager as they are the ones who are experts on the said field.

Many celebrities and rich people hire fund managers as the former have the tendency of spending money in huge amounts, which may result to unpaid credit card balances, etc. Most common example are NBA players- once they receive their first check, some spend it outrageously purchasing luxury cars, etc. while it may be considered harmless, it will definitely affect them long-term.

the thing to realize is that it is not that easy to find people who have good skills in investing willing to manage our money even giving us a little knowledge  if we are new to them

trying to learn yourself slowly it will be long and full of long struggle but it's better than you entrusting your money to people you just know like a fund manager, it's really a big risk

You have to have a set of friends that are good at handling finances, and are focused on investments as well if you want your money and finances to flourish, or to at least go somewhere sensible and not just down the drain just because you can't control your spending. Most lottery winners don't get their winnings to last because they don't know how to manage their finances, and are just actively spending their money on things they don't really need, and are not investing or seeking the help of financial advisers or friends who know how to handle money.

You don't necessarily need to hire a financial adviser IMO, but if you have the money to hire one, then such a person would be a big help.

While you’re taking such decision like this, you should as well be very careful to make sure that you’re giving your money to the right people that wouldn’t be cheating on you by giving you the wrong statements. Sometimes, people decides to do all these things by themselves because of the risks that might be involved in hiring a fund manager or the difficulty in choosing the right one.

If you choose the wrong person, you’re more likely to start seeing losses than gains. Most of these rich people that you’re talking about are only hiring asset managers because they don’t have the time to be doing this job managing their assets by themselves. So if you have that time and you can do it perfectly, then why not do it yourself? Maybe when you get to the same level with these rich people, where you have different businesses to manage and you don’t have the time, then you can start looking for asset managers to reduce the stress of you doing all that.

I seriously ponder at times why people are getting more reliant on others than on themselves. I can understand you have a massive business and need a manager, I am not saying it's the wrong thing to do. But there are businesses in local here where people are using asset managers and different types of managers when there is hardly a need for a single manager given how confined their businesses are.

Generally speaking though, I agree one who knows how to manage funds is more successful than one who earns a lot but doesn't have a way to manage their wealth. Management isn't always about saving either, it's about investing and looking at the best possible options around you.

Exactly, why would someone need to hire or find some fund manager if that someone is just holding 2 or 3 assets. Usually, people hires some fund manager is that they're holding too many assets that needs someone to oversee and control it to divide the responsibilities and burden, so that there's still any free time to socialize rather than just always focusing on the assets.
Mabye what @dimonstration is trying to say is he/she knows someone that still finds some time to trade not because it needs to but because his/her friend is already used to do that, so if there's nothing to do left then trading isn't a bad idea.

Having a fund manager is a good idea but knowing how to properly manage your own funds would be better. It would be a smarter move if you'll have enough knowledge on how to handle your finances so you don't have to look for someone else to do it for you. We should take responsibility for handling our assets so we'll also have total control over what to do with them because, to be honest, it's hard to look for trusted people these days.

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.

Fund managers does have those skills or knowledge that an ordinary person might not have but doesnt mean that those things cant be learnt? If you do know on what you are doing
then you could really make out some research and act on your own.

Handling finances doesnt basically means that you would need some sort of fund manager or something like that because you could really do such actions
on your own with having your own discretion and analysis.

Might not be perfect or precise because what you do aim is sustainability at least.

This isn't really a good financial advice. If you have a lot of money and you cant afford to manage it on your own, I don't really suggest that you just find someone from your friends or acquaintances that has knowledge in crypto to manage it. It's still better to handle your own funds or to hire a professional in the field of investing and trading that could advice you and guide you on the runaround. Trusting your funds to someone isn't really a nice thing to do. You see, there are so many relationships that has been broken because of money. If you will let them handle your finances, there's a possibility that they will be tempted to get some from it or mismanage it. Also, if ever your funds go haywire, you will put all the blame to them. With that, your relationship will be damaged to that person. Tainted relationship because of money isn't easy to fix because there's trust and of course, there's money which is a necessity involved.

It's really much better to handle your own finances and manage different streams of income yourself. By doing that, you can always check and monitor the flow of your money and you will have no other person to praise or blame if things go good or bad but yourself alone. You can have other people guide you and help you but not stake everything because of their judgment. You must know to do technical analysis and other skills needed in crypto and other investments for it to flourish either in aggressive or passive manner. Be your own fund manager. You just gotta equip yourself enough knowledge and wisdom and those can be learned and acquired over time.

The first thing you need to do to actually take care of your assets, be these large or small, is to educate yourself in the basic concepts of money, investment, stocks, real state, commodities, interest rates and some basic economy concepts. There is no shortcut to this, either you do it or you will not understand anything that is going on out there and, even if you manage to find some success, you will not be able to hold to it in the long term.

Looking for a wealth advisor or fund manager will not help you at all if you do not understand what you should be looking for in your own personal case.

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.

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

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.

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

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.

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!

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.

saved this, to watch   :)

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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 :)