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getrichdietrying (72.08)

Share your RL trades and get paid.

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5

February 23, 2013 – Comments (4) | RELATED TICKERS: BAC , AAPL , GOOG

I came across this site while researching something else and it is a great boon for those fools who manage their own accounts that are making great returns. Check it out.  It pays you to let others follow your trades.  You don't have to be RIA (Registered Investment Advisor) or a mutual fund but you get paid like one through the subscribers who follow your investments.  Fees per subscriber range from .5% to 2.5%.  You decide the minimum investment your willing to accept for someone to follow you.  You share the management fee with the provider who is registered with SEC in all requirements.  That's it! So if some fool here has a private account and is making excellent returns this can help you earn more money just for sharing your trades that you make.  They do not require you to move your account from where your happy now.  Anyways this is an opportunity I thought I share with all of you.

 

https://cdn02.covestor.com/13022202/documents/manager/covestor-compensation-schedule-non-registered-publishers-1-july-2012.pdf

https://site.covestor.com/become-a-manager

4 Comments – Post Your Own

#1) On February 23, 2013 at 4:40 PM, getrichdietrying (72.08) wrote:

Sorry you do need to have an account with  Interactive Brokers.

 

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#2) On February 23, 2013 at 11:44 PM, awallejr (79.94) wrote:

If I could switch my portfolio over to IB from Fidelity I would since IB offers much better terms.

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#3) On February 24, 2013 at 2:04 PM, Teacherman1 (49.23) wrote:

What protects you from being sued by investors who follow you, and then have a loss?

I didn't say successfully sued, but just being sued can cause you headaches and expenses.

Does IB indemnify you?

I just thought I would post this thought for consideration.

Not planning to do it in any event.

Have a great "rest of the weekend".

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#4) On February 24, 2013 at 8:29 PM, anchak (99.85) wrote:

getrich..... Covestor is good route if you are into managing other people's money - it has the baggage that teacherman mentions - because its like running a mutual fund. Also the IB route makes 10K minimum.

BTW - there's a capster who runs a Covestor portfolio- Tiger , Tigerpack, Tigerpackfund etc. He can provide more details.

His covestor profile is Quantemonics.

The other alternative is Collective2 - where you "sell a system" ie just the trades/signals - and the subscriber has a choice of following or not following - better insulation against the Teacherman problems. Except I dont know how you get around - the investment advice bit.

A guy in caps who used to run a C2 strategy was d1david

Hope this is helpful!

 

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