I frequently meet people with really compelling investment strategies and ideas.
Hey, can you help me raise some money?
They’re looking for help putting together a fund to demonstrate exactly how good their strategy or stock picking really is.
Starting a fund is hard…and expensive
It’s not that I can’t really help them — it’s that starting a hedge fund or mutual fund is pretty complicated and expensive. You need to see significant growth in assets to be able to scale these things to profitability (once they achieve that, though, they’re pretty damn profitable).
Like any startup, the chances of these startup funds achieving escape velocity — getting enough traction to turn their good ideas into profitable ones — is pretty slim.
But, there are other ways of putting your investing talent to work and make money while doing it — all without the headache and onerous infrastructure needed to manage a fund or a regulated investment advisory.
How to make money from your investment ideas (without starting a fund or having $$)
Here are 5 ways to get started selling your portfolio strategies:
On Tradestreaming Radio, we’re interviewing lots of innovative entrepreneurs, investors, and researchers all trying to make investors better at what they do. Check out our archives. Subscribe on iTunes.
Today’s guest on Tradestreaming Radio is Dave Lemont, CEO of social network forex trading platform, Currensee.com
Currensee was founded on the assumption that the traditional way forex traders shared and learned from one another — the message boards — was broken.
Enter the social network for currency traders. First, Currensee required that all members open an active trading account, allowing the company to audit results.From there, the company introduced auto-trading, the ability to link a user’s account to another’s and have all trading replicated. Experts — trade leaders — bubble up and make money by helping others make money.
We’ll see how the company evolved and how forex traders are using new media to book profits for their own accounts and enable others to do the same.
Timing is good — Currensee announced the unveiling of its Currensee Portfolio Builder™ at finance-tech conference, FinovateSpring2011. The company announced today:
Portfolio Builder will give investors the ability to assess and manage potential performance and risk before investing. The Currensee Portfolio Builder gives investors access to an innovative, real-time graphical display that helps them build, preview and test different investment scenarios so they can create balanced and diversified portfolios.