So, you think you want to be an investment manager? Ask yourself if you have these character traits:
#1 Passion for the markets
#2 Analytical skills and a comfort with numbers
#3 Emotional self-control and resiliency
#4 Stick-to –it-iveness
What exactly are these and how do you know you have them?
#1 Passion for the markets: Ask any successful portfolio manager what is the most important element of success in investing and trading and very soon he or she gets to a “genuine passion for the market”. The way some managers describe this is that you need to love the competition of the market. It can’t just be about making money, because if that is your overwhelming goal, it actually prevents you from being the best money manager.
How do you know if you have a genuine passion for the market? Only you can answer that, but it’s a good sign if you enjoy reading about the markets and market participants. Also, if you enjoy spending your time investing, even if it’s on simulated platforms. Zolio adds an additional dimension with its proprietary trading platform with real-time market data to simulate a real-world trading experience. The platform was developed by seasoned technologists from leading global hedge funds in collaboration with Lightspeed, a leading provider of direct market access trading technology.
Check back on December 6 for more about Trait #2