| Guest Author: Tika 31 May 2012 |
After looking at their stnetmeat, I have a few comments:1. It looks too good to be true. It may be true, or it may be false. I'm leaning towards false.2. So this company is trying to sell their managed account service? Well, I wouldn't base my decision to invest with them on an account's performance of only one week. A longer track record (i.e., at least a couple of years) would make me feel better about them. Actually, I wouldn't base my decision to have them manage my money on any *past* performance at all, no matter how far back it goes. As they say in the investing world, Past performance is not indicative of future results . The truth behind this common disclaimer implies that no matter how well you traded in the past, it doesn't guarantee you'll be trading well in the future. You could have just been lucky in the past.If I were to truly evaluate this company, I would have them give me an investor password to their current, live, managed trading account. An investor password allows you to log into their account without the ability to actually trade on it. It only grants you read-only access to their account.Using this investor password, I would then monitor their account's performance in the *present time*. The past means nothing. You don't make money in the past. You only make money in the here and now .I would continue monitoring their account for at least several months (preferably a year) into the future. I know it's a long time before you can consider investing your money with this company; however, keep in mind that it's YOUR money that's at risk contrary to what most investors think, your number one priority is not to make your money grow. No sir! Your number one priority is to *protect your money*. That means you'll need to really scrutinize anyone who's offering to manage it for you.Good luck! Was this answer helpful?
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