Last night I received an update from Michaël van de Poppe who started an investment fund called the MN Fund that one could invest into through using their trades. I had previously reached out to his company around 15 months ago and why I am on the mailing system. This MN Fund I was not that keen on as even though you were investing and getting the trades you were still having to copy them and thus you are doing the work. This all changed a while ago due to the EU crypto regulations which we know as MiCA and shut down this MN Fund.
The update is actually good news for myself as it is exactly what I thought the MN Fund originally was, but was not. I wanted to invest capital and they manage that capital on your behalf for a fee and you make a return through their experience and knowledge of how to trade. I am sure many of you have seen Michaël van de Poppe on social media or read some of his posts.
The original MN Fund was active for 6 months and considering how the crypto market was on a decline making a 10% profit over that period I think they did ok. Since their launch in July last year until December the fund was tracking 40% above Bitcoin and with the fund making 10% and bitcoin down 18%. To get an idea this month if the fund was still active they would have been up 5% so the returns are realistic and not promises of mass riches. Crypto is not an instant rags to riches story and takes time to achieve any type of value so this is my long term thinking kicking into gear again.
Passive income is what I am after and diversifying my investments is what I would like to do as I am definitely missing out on daily trades which I will not do. I do not gamble and not knowing how to trade besides some basics i would rather someone else took control of this even if it is a small percentage of my portfolio value.
The 10.13% for the 6 months is a realistic return and if that was replicated over a 12 month period earning 20% would be considered a solid investment. This was in a Bear market scenario so this is like a worse case scenario so one can imagine what the upside could be in more favorable market conditions. I did tell him I do not trade and only use the staking rewards as a means of growth along with compounding. This we have been discussing as he wanted to know more.
Over the coming weeks there will be many more updates into what type of service they will be offering and it will be a good read for those who are thinking along similar lines to myself. The Fund is fully registered by the Dutch Financial Markets Authority (AFM) and is a legitimate investment fund and company. I would not be writing this post if I thought there was even a small percentage of this being dodge and I will be personally investing at some point. I need to know what type of amounts they require for an investment and how this all works which I plan to find out.
My thinking may be slightly different from many as living in South Africa with a currency that could tank at any time is not fun. I need to have outside investments not linked to SA and this I feel is a perfect vehicle to help that happen.