Long before the advent of blockchain technology and cryptocurrency portfolio managers are seen as the ones with high financial knowledge, there's that high esteem towards them for being able to manage people's funds for better return on investment. While some are still doing well in their profession, how long will it be for portfolio managers to be rendered reduntant?
Blockchain and cryptocurrencies are known to be disruptive in nature, its natural ability to eliminate intermediaries is a nightmare to those that benefit from the current system where everyone takes a cut. Things are now changing, the middle men are on the verge of losing the cuts they have enjoyed and gotten comfortable with for decades.
Few days ago I shared If you have $62K how would you invest it? it was a post for those that saw it engaged on how they will managed their $62k, while that was having fun with numbers, for me their would be very minute difference on how I will manage such amount if it came my way based on how I detailed spending it and judging by the response to the post majority have similar plans on managing $62K which is a positive for being involved in crypto, you get exposed to financial related topics on daily basis, you no longer see money as something to slave for, rather it is seen as a tool. That is a mindset people exhibit around here.
The not your keys not your cryptos saying is enough to have anyone willing to be involve in crypto become very responsible, eliminating the act of saying I don't know how to taking the learnership initiative.
If you’re a portfolio manager and somehow go through this entire market cycle without adding even a 1% #Bitcoin position to your client’s holdings, you’ve completely missed the risk management boat and you should be fired.
— James Lavish (@jameslavish) May 5, 2022
This is a case of buying the dip for long term investors on a particular crypto, it is a simple method if you are in this space with long term goal and I believe some won't be hiring portfolio managers to buy the dip when he or she is just finger tips away from executing the transactions.
I only manage my own portfolio🤣🤣🤣
— Annie (@annie_annieli) May 5, 2022
Annie is not the only one on managing her portfolio, I manage mine too and there are others that does the same.
Without taking nothing away from some efficient portfolio managers out there, their experience could out perform anyone just starting out learning about money management.
We might not see portfolio managers completely rendered redundant especially the ones behind the banks but I see less clients seeking them to have their portfolios managed.
We are in an era where self-study has become a lot easier with tutorial videos all over the internet and this will have most responsible in handling their finances rather than an intermediary portfolio manager.
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