Re: Hiring a money manager
I have no clue what to pay. I rather pay a small salary then have a bonus based on performance of the portfolio. Though I guess in the long term a % of the assets will want him to keep it growing. What percentage based on assets is standard?
Ill prob. start with around $200k cash, with another 500k in invesmtents which can slowly be liquidated over time, plus plan too keep a small budget on my expenses (prob. 10%-15% of my total income) and plan to throw almost all my incoming poker cash flow into my portfolio.
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