Chapter
The Pros and Cons of Starting Your Own Fund
43:52 - 49:00 (05:07)
Starting your own fund requires at least $50 million to be financially beneficial and takes a lot of hard work. While it may be good for finances, it may not necessarily help you build a kingdom.
Clips
The amount of capital raised by a fund can determine personal wealth generation for the fund manager, with a $10 million fund potentially not being a significant wealth creator unless highly successful, while a $7 to $10 million total fund can lead to wealth creation through high returns.
43:52 - 45:32 (01:40)
Summary
The amount of capital raised by a fund can determine personal wealth generation for the fund manager, with a $10 million fund potentially not being a significant wealth creator unless highly successful, while a $7 to $10 million total fund can lead to wealth creation through high returns.
ChapterThe Pros and Cons of Starting Your Own Fund
Episode#111 - Sam Parr Returns: The Scheme King is Back
PodcastMy First Million
The speaker does not believe that their investment will change their life significantly, but he hopes to make a substantial amount of profit in the next decade.
45:33 - 46:31 (00:58)
Summary
The speaker does not believe that their investment will change their life significantly, but he hopes to make a substantial amount of profit in the next decade.
ChapterThe Pros and Cons of Starting Your Own Fund
Episode#111 - Sam Parr Returns: The Scheme King is Back
PodcastMy First Million
The hustle and hard work required to get a $50 million fund off the ground could be your full-time job as a fund manager; on the other hand, as an investor, you can put a small amount of money into a higher risk asset class without worrying about doing the work.
46:31 - 49:00 (02:28)
Summary
The hustle and hard work required to get a $50 million fund off the ground could be your full-time job as a fund manager; on the other hand, as an investor, you can put a small amount of money into a higher risk asset class without worrying about doing the work.