Doing things for the first time is ---- slow

When I was working in KPMG Canada, US, Hong Kong, things are smooth.

But when I am starting my own investment management firm, everything needs to be set up for the first time.

After working on starting my own hedge fund and firm for over 12 months, I am still surprised how long each item takes to be properly executed.

From creating the right firm with the right legal structure to opening a bank account for the first time, each step requires layers of approvals.

The core investment management activity is already complex enough (e.g. making a prediction about the market and executing on it)

And layering legal, tax, organizational structure, bank approvals...

It makes sense why most people aren't entrepreneurs in the world

It takes a special amount of grit and persistence to start something new whether that is

1. a new venutre

2. a new fund

3. a new investment management entity

4. a new bank account

5. learning investing

Doing things for the first time take longer than usual.

Cheers,

Eric

----

Eric Seto

Chartered Professional Accountant (CPA)

Chartered Investment Manager (CIM)

Founder of 5MinInvesting.com

In June, I’m helping 20 people to become better at investing through Investing Accelerator.

During the free strategy call, you can discuss which area of analysis you need the most help with (finding discounted stocks vs generating income).

In Investing Accelerator, we focus on

- Mastering investing even if you don't have a financial background

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If you are interested in joining Investing Accelerator, you can schedule a free strategy call here to see if you are a good fit.

If you are interested, you can schedule a free strategy call here to see if you are a good fit.

Schedule a free call

Disclaimer: This communication is provided for educational and informational purposes only and does not constitute investment advice, a recommendation, or an offer to invest in any fund or strategy. No advisory relationship is formed by receipt of this content. Any references to strategies or markets are general in nature and do not reflect the performance of any client account or investment product.

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