Managed Forex Programs
Why should anybody consider investing in a managed forex program? What is managed forex? I thought the same when I first heard about it. I was listening to a live webinar on a wealth generation program that I am a member of. At the time we were investing in stocks and shares and the presenter, our mentor said that he had some very exciting news. We had the opportunity to invest in a managed forex program that would generate over an average of 9% profit every month.
I thought, “that’s brilliant” and got excited very quickly. My defences immediately cut in. Too good to be true. Everyone thinks and says that. “If it sounds good to be true, then it generally is”. However, I had been a member of the wealth generation program for about a year and I respected and trusted our mentor.
I listened intently, open minded. After he had finished the presentation, I was inspired and impatient to get started. So as soon as could, I paid the small signing on fee, opened an account and transferred some money into the account. I was ready to start trading.
So what did our mentor say that made me, and thousands like me, join up on this managed forex program?
The main thing was obviously the money. But it’s the way that money is made that I like so much. I am a lazy person at heart. I have worked hard work to get the money I had, but I wanted easy money. With a managed forex program, you don’t do anything. Hence the word managed. There is always a price to pay though. Nothing is for free. The price in my case was the management company’s performance fees, which stood at 25% on profits.
The cost of me not doing anything to make money was 25% of profits.
Our mentor continued. 25% performance fees on 9% per month was about 6.75% net profit. 6.75% profit compounded for 12 months works out at well over 100% per annum.
My money will double every year.
So apart from the massive profits and doing nothing for them, what else was grabbing my attention? Well, the low level of risk. The forex account managers’ prime focus is to protect our investment. There are always periods of drawdown but that has never been lower than just over 8% in a month. The company was registered and certified and audited independently, so I was very happy that due diligence was applied thoroughly.
I can withdraw profits at no cost whenever I like, if I so wish. I think that would be a mistake because I know the power of compounding and want to leave my profits soar in the next few years. I intend to add to my investment as much as I can so that I can reach my target passive income as soon as I can.
I have property investments and stock and shares but nothing matches the profits of a managed forex program. Not by a long stretch. I am going to open more managed forex accounts at different companies and review them at this site as they occur, so please bookmark this page and click the red Google + button on my site.